8-K 1 msc03hy1.txt OCTOBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 27, 2003 MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2003-HY1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83986-16 54-2102381 Pooling and Servicing Agreement) (Commission 54-2102382 (State or other File Number) IRS EIN jurisdiction of Incorporation) Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On October 27, 2003 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CAPITAL I INC., Mortgage Pass-Through Certificates, Series 2003-HY1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-HY1 Trust, relating to the October 27, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2003-HY1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-HY1 Trust, relating to the October 27, 2003 distribution. EX-99.1

Morgan Stanley Capital I Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 MSMC Series: 2003-HY1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 61746WB74 SEN 3.70000% 3635,~~891~~235,~~403~~675.0796 ~~113~~108,~~748~~643.4933 1,~~655~~443,~~727~~503.1192 A-2 61746WB82 SEN 4.30000% ~~189~~181,~~725~~210,~~375~~289.2484 ~~679~~649,~~849~~336.2587 87,~~515~~423,~~085~~662.3942 A-3 61746WB90 SEN 4.60000% 3230,~~182~~737,~~090~~722.2330 ~~123~~117,~~364~~827.6893 1,~~444~~259,~~367~~235.9274 A-4 61746WC24 SEN 4.20000% 98,~~194~~782,~~882~~206.9237 3230,~~182~~737.0972 ~~412~~359,~~676~~781.5564 A-R MSC03H1AR RES 4.25000% 0.00 1,~~611~~610.0173 0.00 A-X 61746WC65 IO 4.25000% 0.00 1514,~~516~~477.3912 0.00 B-1 61746WC32 SUB 4.25000% 3,307,000.00 11,712.29 0.00 B-2 61746WC40 SUB 4.25000% 2,405,000.00 8,517.71 0.00 B-3 61746WC57 SUB 4.25000% 1,653,000.00 5,854.3738 0.00 B-4 ~~MSC03H1B4~~61746WC81 SUB 4.25000% 601,000.00 2,128.54 0.00 B-5 ~~MSC03H1B5~~61746WC99 SUB 4.25000% 301,000.00 1,066.04 0.00 B-6 ~~MSC03H1B6~~61746WD23 SUB 4.25000% 902,524.55 3,196.44 0.00 Totals ~~277~~265,~~163~~135,~~276~~419.0102 ~~998~~955,~~747~~109.3010 1210,~~027~~486,~~856~~183.9772

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 3533,~~235~~792,~~675~~172.9604 1,~~769~~552,~~475~~147.6025 0.00 A-2 0.00 ~~181~~173,~~210~~786,~~289~~627.8443 98,~~194~~072,~~934~~999.6429 0.00 A-3 0.00 3029,~~737~~478,~~722~~486.3056 1,~~567~~377,~~732~~063.6067 0.00 A-4 0.00 8,~~782~~422,~~206~~424.3773 ~~444~~390,~~858~~519.6436 0.00 A-R 0.00 0.00 1,~~611~~610.0173 0.00 A-X 0.00 0.00 1514,~~516~~477.3912 0.00 B-1 0.00 3,307,000.00 11,712.29 0.00 B-2 0.00 2,405,000.00 8,517.71 0.00 B-3 0.00 1,653,000.00 5,854.3738 0.00 B-4 0.00 601,000.00 2,128.54 0.00 B-5 0.00 301,000.00 1,066.04 0.00 B-6 0.00 902,524.55 3,196.44 0.00 Totals 0.00 ~~265~~254,~~135~~649,~~419~~235.0231 1311,~~026~~441,~~604~~292.2782 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 40,121,667.00 3635,~~891~~235,~~403~~675.0796 0.00 1,~~655~~443,~~727~~503.1192 0.00 0.00 A-2 206,338,000.00 ~~189~~181,~~725~~210,~~375~~289.2484 0.00 87,~~515~~423,~~085~~662.3942 0.00 0.00 A-3 35,000,000.00 3230,~~182~~737,~~090~~722.2330 0.00 1,~~444~~259,~~367~~235.9274 0.00 0.00 A-4 10,000,000.00 98,~~194~~782,~~882~~206.9237 0.00 ~~412~~359,~~676~~781.5564 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 3,307,000.00 3,307,000.00 0.00 0.00 0.00 0.00 B-2 2,405,000.00 2,405,000.00 0.00 0.00 0.00 0.00 B-3 1,653,000.00 1,653,000.00 0.00 0.00 0.00 0.00 B-4 601,000.00 601,000.00 0.00 0.00 0.00 0.00 B-5 301,000.00 301,000.00 0.00 0.00 0.00 0.00 B-6 902,524.55 902,524.55 0.00 0.00 0.00 0.00 Totals 300,629,291.55 ~~277~~265,~~163~~135,~~276~~419.0102 0.00 1210,~~027~~486,~~856~~183.9772 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 1,~~655~~443,~~727~~503.1192 3533,~~235~~792,~~675~~172.9604 0.~~87822064~~84224247 1,~~655~~443,~~727~~503.1192 A-2 87,~~515~~423,~~085~~662.3942 ~~181~~173,~~210~~786,~~289~~627.8443 0.~~87822064~~84224247 87,~~515~~423,~~085~~662.3942 A-3 1,~~444~~259,~~367~~235.9274 3029,~~737~~478,~~722~~486.3056 0.~~87822064~~84224247 1,~~444~~259,~~367~~235.9274 A-4 ~~412~~359,~~676~~781.5564 8,~~782~~422,~~206~~424.3773 0.~~87822064~~84224247 ~~412~~359,~~676~~781.5564 A-R 0.00 0.00 0.00000000 0.00 A-X 0.00 0.00 0.00000000 0.00 B-1 0.00 3,307,000.00 1.00000000 0.00 B-2 0.00 2,405,000.00 1.00000000 0.00 B-3 0.00 1,653,000.00 1.00000000 0.00 B-4 0.00 601,000.00 1.00000000 0.00 B-5 0.00 301,000.00 1.00000000 0.00 B-6 0.00 902,524.55 1.00000000 0.00 Totals 1210,~~027~~486,~~856~~183.9772 ~~265~~254,~~135~~649,~~419~~235.0231 0.~~88193475~~84705397 1210,~~027~~486,~~856~~183.9772

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 40,121,667.00 ~~919~~878.~~48829220~~22063724 0.00000000 4135.~~26765496~~97816412 0.00000000 A-2 206,338,000.00 ~~919~~878.~~48829222~~22063721 0.00000000 4135.~~26765496~~97816408 0.00000000 A-3 35,000,000.00 ~~919~~878.~~48829229~~22063714 0.00000000 4135.~~26765486~~97816400 0.00000000 A-4 10,000,000.00 ~~919~~878.~~48829200~~22063700 0.00000000 4135.~~26765500~~97816400 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,307,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,405,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 1,653,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 601,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 301,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 902,524.55 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 4135.~~26765496~~97816412 ~~878~~842.~~22063724~~24247313 0.~~87822064~~84224247 4135.~~26765496~~97816412 A-2 0.00000000 4135.~~26765496~~97816408 ~~878~~842.~~22063721~~24247318 0.~~87822064~~84224247 4135.~~26765496~~97816408 A-3 0.00000000 4135.~~26765486~~97816400 ~~878~~842.~~22063714~~24247314 0.~~87822064~~84224247 4135.~~26765486~~97816400 A-4 0.00000000 4135.~~26765500~~97816400 ~~878~~842.~~22063700~~24247300 0.~~87822064~~84224247 4135.~~26765500~~97816400 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 40,121,667.00 3.70000% 3635,~~891~~235,~~403~~675.0796 ~~113~~108,~~748~~643.4933 0.00 0.00 A-2 206,338,000.00 4.30000% ~~189~~181,~~725~~210,~~375~~289.2484 ~~679~~649,~~849~~336.2687 0.00 0.00 A-3 35,000,000.00 4.60000% 3230,~~182~~737,~~090~~722.2330 ~~123~~117,~~364~~827.6894 0.00 0.00 A-4 10,000,000.00 4.20000% 98,~~194~~782,~~882~~206.9237 3230,~~182~~737.0972 0.00 0.00 A-R 100.00 4.25000% 0.00 1,~~611~~610.0173 0.00 0.00 A-X 0.00 4.25000% 4,~~381~~087,~~097~~658.0502 1514,~~516~~477.3912 0.00 0.00 B-1 3,307,000.00 4.25000% 3,307,000.00 11,712.29 0.00 0.00 B-2 2,405,000.00 4.25000% 2,405,000.00 8,517.71 0.00 0.00 B-3 1,653,000.00 4.25000% 1,653,000.00 5,854.38 0.00 0.00 B-4 601,000.00 4.25000% 601,000.00 2,128.54 0.00 0.00 B-5 301,000.00 4.25000% 301,000.00 1,066.04 0.00 0.00 B-6 902,524.55 4.25000% 902,524.55 3,196.44 0.00 0.00 Totals 300,629,291.55 ~~998~~955,~~747~~109.3211 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~113~~108,~~748~~643.4933 0.00 3533,~~235~~792,~~675~~172.9604 A-2 0.00 0.00 ~~679~~649,~~849~~336.2587 0.00 ~~181~~173,~~210~~786,~~289~~627.8443 A-3 0.00 0.00 ~~123~~117,~~364~~827.6893 0.00 3029,~~737~~478,~~722~~486.3056 A-4 0.00 0.00 3230,~~182~~737.0972 0.00 8,~~782~~422,~~206~~424.3773 A-R 0.00 0.00 1,~~611~~610.0173 0.00 0.00 A-X 0.00 0.00 1514,~~516~~477.3912 0.00 43,~~087~~970,~~658~~894.0297 B-1 0.00 0.00 11,712.29 0.00 3,307,000.00 B-2 0.00 0.00 8,517.71 0.00 2,405,000.00 B-3 0.00 0.00 5,854.3738 0.00 1,653,000.00 B-4 0.00 0.00 2,128.54 0.00 601,000.00 B-5 0.00 0.00 1,066.04 0.00 301,000.00 B-6 0.00 0.00 3,196.44 0.00 902,524.55 Totals 0.00 0.00 ~~998~~955,~~747~~109.3010 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 40,121,667.00 3.70000% ~~919~~878.~~48829220~~22063724 2.~~83508883~~70784686 0.00000000 0.00000000 A-2 206,338,000.00 4.30000% ~~919~~878.~~48829222~~22063721 3.~~29483304~~14695727 0.00000000 0.00000000 A-3 35,000,000.00 4.60000% ~~919~~878.~~48829229~~22063714 3.~~52470514~~36651257 0.00000000 0.00000000 A-4 10,000,000.00 4.20000% ~~919~~878.~~48829200~~22063700 3.~~21820900~~07377200 0.00000000 0.00000000 A-R 100.00 4.25000% 0.00000000 ~~16110~~16107.~~10000000~~30000000 0.00000000 0.00000000 A-X 0.00 4.25000% ~~820~~765.~~37224151~~42499153 2.~~90548589~~71087977 0.00000000 0.00000000 B-1 3,307,000.00 4.25000% 1000.00000000 3.54166616 0.00000000 0.00000000 B-2 2,405,000.00 4.25000% 1000.00000000 3.54166736 0.00000000 0.00000000 B-3 1,653,000.00 4.25000% 1000.00000000 3.54166969 0.00000000 0.00000000 B-4 601,000.00 4.25000% 1000.00000000 3.54166389 0.00000000 0.00000000 B-5 301,000.00 4.25000% 1000.00000000 3.54166113 0.00000000 0.00000000 B-6 902,524.55 4.25000% 1000.00000000 3.54166543 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.~~83508883~~70784686 0.00000000 ~~878~~842.~~22063724~~24247313 A-2 0.00000000 0.00000000 3.~~29483299~~14695727 0.00000000 ~~878~~842.~~22063721~~24247318 A-3 0.00000000 0.00000000 3.~~52470514~~36651229 0.00000000 ~~878~~842.~~22063714~~24247314 A-4 0.00000000 0.00000000 3.~~21820900~~07377200 0.00000000 ~~878~~842.~~22063700~~24247300 A-R 0.00000000 0.00000000 ~~16110~~16107.~~10000000~~30000000 0.00000000 0.00000000 A-X 0.00000000 0.00000000 2.~~90548589~~71087977 0.00000000 ~~765~~743.~~42499153~~56079543 B-1 0.00000000 0.00000000 3.54166616 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.54166736 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.~~54166364~~54166969 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 3.54166389 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 3.54166113 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 3.54166543 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1311,~~188~~591,~~845~~699.7886 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 03,075.0063 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1311,~~188~~594,~~845~~775.7849 Withdrawals Reimbursement for Servicer Advances ~~1,804~~0.4800 Payment of Service Fee ~~160~~153,~~437~~482.0367 Payment of Interest and Principal 1311,~~026~~441,~~604~~292.2782 Total Withdrawals (Pool Distribution Amount) 1311,~~188~~594,~~845~~775.7849 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~160~~153,~~437~~482.0367 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~160~~153,~~437~~482.0367

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 0807,000.00 0.00 0.00 0.00 0807,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 02 0 0 0 02 0807,000.00 0.00 0.00 0.00 0807,000.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~320513% 0.000000% 0.000000% 0.000000% 0.~~000000~~320513% 0.~~000000~~316907% 0.000000% 0.000000% 0.000000% 0.~~000000~~316907% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~320513% 0.000000% 0.000000% 0.000000% 0.~~000000~~320513% 0.~~000000~~316907% 0.000000% 0.000000% 0.000000% 0.~~000000~~316907%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 03,075.0063

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03326356% 100,000.00 0.~~03771658~~03926970% Fraud 4,591,388.00 1.52725903% 4,591,388.00 1.~~73171431~~80302446% Special Hazard 4,000,000.00 1.33054234% 4,000,000.00 1.~~50866301~~57078814% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description 5/1 CMT ARM Weighted Average Gross Coupon 5.~~018779~~017474% Weighted Average Net Coupon 4.~~324154~~322813% Weighted Average Pass-Through Rate 4.~~324154~~322813% Weighted Average Maturity(Stepdown Calculation ) ~~351~~350 Beginning Scheduled Collateral Loan Count ~~670~~649 Number Of Loans Paid In Full 2125 Ending Scheduled Collateral Loan Count ~~649~~624 Beginning Scheduled Collateral Balance ~~277~~265,~~163~~135,~~276~~419.4648 Ending Scheduled Collateral Balance ~~265~~254,~~135~~649,~~419~~235.4876 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~265~~254,~~135~~649,~~419~~235.4876 Monthly P &I Constant 1,~~159~~108,~~184~~591.3579 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~265~~254,~~135~~649,~~419~~235.4876 Scheduled Principal 0.00 Unscheduled Principal 1210,~~027~~486,~~856~~183.9872

Filing Compare · MORGAN STANLEY DEAN WITTER CAPITAL I INC M P TH C S 03 HYB1