8-K 1 dal032xs.txt NOVEMBER 8-K - 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): November 25, 2003 DEUTSCHE ALT-A SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-2XS Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100676-02 54-2126382 Pooling and Servicing Agreement) (Commission 54-2126383 (State or other File Number) 54-2126384 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 November 25, 2003 a distribution was made to holders of DEUTSCHE ALT-A SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-2XS 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 2003-2XS Trust, relating to the November 25, 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. DEUTSCHE ALT-A SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-2XS Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/26/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2XS Trust, relating to the November 25, 2003 distribution. EX-99.1

DEUTSCHE ALT-A SECURITIES INC Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2725/03 DAL Series: 2003-2XS 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 251510AR4 SEN 1.80000% ~~104~~101,~~202~~189,~~000~~976.0040 ~~140~~151,~~672~~784.7096 3,~~012~~409,~~023~~318.6050 A-2 251510AS2 SEN 3.03000% 27,412,000.00 69,215.30 0.00 A-3 251510AT0 SEN 3.76000% 54,417,000.00 170,506.5960 0.00 A-4 251510AU7 SEN 5.07000% 36,626,000.00 154,744.85 0.00 A-5 251510AV5 SEN 5.90000% 26,054,000.00 128,098.83 0.00 A-6 251510AW3 SEN 4.97000% 29,381,000.00 121,686.3031 0.00 A-IO 251510AX1 SEN 4.50000% 0.00 145,995.3738 0.00 M-1 251510AY9 MEZ 5.64000% 5,876,000.00 27,617.20 0.00 M-2 251510AZ6 MEZ 5.90000% 5,876,000.00 28,890.33 0.00 M-3 251510BA0 MEZ 5.90000% 2,938,000.00 14,445.17 0.00 CE DAL32XSCR SEN 0.00000% 1,028,~~613~~337.7250 ~~614~~586,~~555~~695.0633 0.00 P DAL032XSP SEN 0.00000% 100.00 026,210.0043 0.00 R DAL32XSR1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~293~~290,~~810~~798,~~713~~413.7290 1,~~616~~625,~~427~~890.7069 3,~~012~~409,~~023~~318.6050

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~101~~97,~~189~~780,~~976~~657.4090 3,~~152~~561,~~696~~103.3046 0.00 A-2 0.00 27,412,000.00 69,215.30 0.00 A-3 0.00 54,417,000.00 170,506.5960 0.00 A-4 0.00 36,626,000.00 154,744.85 0.00 A-5 0.00 26,054,000.00 128,098.83 0.00 A-6 0.00 29,381,000.00 121,686.3031 0.00 A-IO 0.00 0.00 145,995.3738 0.00 M-1 0.00 5,876,000.00 27,617.20 0.00 M-2 0.00 5,876,000.00 28,890.33 0.00 M-3 0.00 2,938,000.00 14,445.17 0.00 CE 0.00 1,028,337.50 ~~614~~586,~~555~~695.0633 0.00 P 0.00 100.00 026,210.0043 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~290~~287,~~798~~389,~~413~~095.9040 45,~~628~~035,~~451~~209.3019 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-1 104,202,000.00 ~~104~~101,~~202~~189,~~000~~976.0040 0.00 3,~~012~~409,~~023~~318.6050 0.00 0.00 A-2 27,412,000.00 27,412,000.00 0.00 0.00 0.00 0.00 A-3 54,417,000.00 54,417,000.00 0.00 0.00 0.00 0.00 A-4 36,626,000.00 36,626,000.00 0.00 0.00 0.00 0.00 A-5 26,054,000.00 26,054,000.00 0.00 0.00 0.00 0.00 A-6 29,381,000.00 29,381,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 5,876,000.00 5,876,000.00 0.00 0.00 0.00 0.00 M-2 5,876,000.00 5,876,000.00 0.00 0.00 0.00 0.00 M-3 2,938,000.00 2,938,000.00 0.00 0.00 0.00 0.00 CE 1,028,613.72 1,028,~~613~~337.7250 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 293,810,713.72 ~~293~~290,~~810~~798,~~713~~413.7290 0.00 3,~~012~~409,~~023~~318.6050 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 3,~~012~~409,~~023~~318.6050 ~~101~~97,~~189~~780,~~976~~657.4090 0.~~97109438~~93837602 3,~~012~~409,~~023~~318.6050 A-2 0.00 27,412,000.00 1.00000000 0.00 A-3 0.00 54,417,000.00 1.00000000 0.00 A-4 0.00 36,626,000.00 1.00000000 0.00 A-5 0.00 26,054,000.00 1.00000000 0.00 A-6 0.00 29,381,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 5,876,000.00 1.00000000 0.00 M-2 0.00 5,876,000.00 1.00000000 0.00 M-3 0.00 2,938,000.00 1.00000000 0.00 CE 0.00 1,028,337.50 0.99973146 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 3,~~012~~409,~~023~~318.6050 ~~290~~287,~~798~~389,~~413~~095.9040 0.~~98974748~~97814369 3,~~012~~409,~~023~~318.6050

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 104,202,000.00 ~~1000~~971.~~00000000~~09437823 0.00000000 2832.~~90562177~~71835953 0.00000000 A-2 27,412,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 54,417,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 36,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 26,054,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 29,381,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 5,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 5,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 2,938,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 1,028,613.72 ~~1000~~999.~~00000000~~73146382 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 Denomination.

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 2832.~~90562177~~71835953 ~~971~~938.~~09437823~~37601869 0.~~97109438~~93837602 2832.~~90562177~~71835953 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.73146382 0.99973146 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, 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-1 104,202,000.00 1.80000% ~~104~~101,~~202~~189,~~000~~976.0040 ~~140~~151,~~672~~784.7096 0.00 0.00 A-2 27,412,000.00 3.03000% 27,412,000.00 69,215.30 0.00 0.00 A-3 54,417,000.00 3.76000% 54,417,000.00 170,506.60 0.00 0.00 A-4 36,626,000.00 5.07000% 36,626,000.00 154,744.85 0.00 0.00 A-5 26,054,000.00 5.90000% 26,054,000.00 128,098.83 0.00 0.00 A-6 29,381,000.00 4.97000% 29,381,000.00 121,686.31 0.00 0.00 A-IO 0.00 4.50000% 38,932,100.00 145,995.38 0.00 0.00 M-1 5,876,000.00 5.64000% 5,876,000.00 27,617.20 0.00 0.00 M-2 5,876,000.00 5.90000% 5,876,000.00 28,890.33 0.00 0.00 M-3 2,938,000.00 5.90000% 2,938,000.00 14,445.17 0.00 0.00 CE 1,028,613.72 0.00000% 1,028,~~613~~337.7250 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 293,810,713.72 1,~~001~~012,~~872~~984.6793 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 ~~140~~151,~~672~~784.7096 0.00 ~~101~~97,~~189~~780,~~976~~657.4090 A-2 0.00 0.00 69,215.30 0.00 27,412,000.00 A-3 0.0100 0.00 170,506.5960 0.00 54,417,000.00 A-4 0.00 0.00 154,744.85 0.00 36,626,000.00 A-5 0.00 0.00 128,098.83 0.00 26,054,000.00 A-6 0.00 0.00 121,686.3031 0.00 29,381,000.00 A-IO 0.00 0.00 145,995.3738 0.00 38,932,100.00 M-1 0.00 0.00 27,617.20 0.00 5,876,000.00 M-2 0.00 0.00 28,890.33 0.00 5,876,000.00 M-3 0.00 0.00 14,445.17 0.00 2,938,000.00 CE 0.00 0.00 ~~614~~586,~~555~~695.0633 0.00 1,028,337.50 P 0.00 0.00 026,210.0043 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.0100 0.00 1,~~616~~625,~~427~~890.7069 0.00 (4) Amount Does Not Include Excess Special Hazard, 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-1 104,202,000.00 1.80000% ~~1000~~971.~~00000000~~09437823 1.~~35000000~~45664152 0.00000000 0.00000000 A-2 27,412,000.00 3.03000% 1000.00000000 2.52500000 0.00000000 0.00000000 A-3 54,417,000.00 3.76000% 1000.00000000 3.13333333 0.00000000 0.00000000 A-4 36,626,000.00 5.07000% 1000.00000000 4.22500000 0.00000000 0.00000000 A-5 26,054,000.00 5.90000% 1000.00000000 4.91666654 0.00000000 0.00000000 A-6 29,381,000.00 4.97000% 1000.00000000 4.14166672 0.00000000 0.00000000 A-IO 0.00 4.50000% 1000.00000000 3.75000013 0.00000000 0.00000000 M-1 5,876,000.00 5.64000% 1000.00000000 4.70000000 0.00000000 0.00000000 M-2 5,876,000.00 5.90000% 1000.00000000 4.91666610 0.00000000 0.00000000 M-3 2,938,000.00 5.90000% 1000.00000000 4.91666780 0.00000000 0.00000000 CE 1,028,613.72 0.00000% ~~1000~~999.~~00000000~~73146382 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 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 1.~~35000000~~45664152 0.00000000 ~~971~~938.~~09437823~~37601869 A-2 0.00000000 0.00000000 2.52500000 0.00000000 1000.00000000 A-3 0.~~00000018~~00000000 0.00000000 3.~~13333315~~13333333 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 4.22500000 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 4.91666654 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 4.~~14166638~~14166672 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 3.~~74999987~~75000013 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.70000000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.91666610 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.91666780 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~597~~570.~~45952057~~37478559 0.00000000 999.73146382 P 0.00000000 0.00000000 0262104.~~00000000~~30000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, 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 4,~~713~~979,~~686~~116.9189 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1117,~~867~~518.2943 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 026,210.0043 Total Deposits 45,~~715~~122,~~554~~845.2075 Withdrawals Reimbursement for Servicer Advances 01,867.0029 Payment of Service Fee 8785,~~102~~769.9027 Payment of Interest and Principal 45,~~628~~035,~~451~~209.3019 Total Withdrawals (Pool Distribution Amount) 45,~~715~~122,~~554~~845.2075 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6160,~~210~~583.5501 Credit Risk Manager Fee - Murrayhill 3,~~427~~392.8161 Master Servicing Fee- Wells Fargo 1,~~958~~938.8161 MGIC 20293.07 PMI 865.18 Radian 18,~~505~~476.7377 UGI 220.02 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8785,~~102~~769.9027

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 279 0 0 0 279 ~~282~~15,~~638~~744,762.3951 0.00 0.00 0.00 ~~282~~15,~~638~~744,762.3951 60 Days 03 0 0 0 03 01,303,598.0092 0.00 0.00 0.00 01,303,598.0092 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 282 0 0 0 282 ~~282~~17,~~638~~048,361.3943 0.00 0.00 0.00 ~~282~~17,~~638~~048,361.3943 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 05.~~134680~~385140% 0.000000% 0.000000% 0.000000% 05.~~134680~~385140% 05.~~097116~~474140% 0.000000% 0.000000% 0.000000% 05.~~097116~~474140% 60 Days 0.~~000000~~204499% 0.000000% 0.000000% 0.000000% 0.~~000000~~204499% 0.~~000000~~453235% 0.000000% 0.000000% 0.000000% 0.~~000000~~453235% 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 05.~~134680~~589639% 0.000000% 0.000000% 0.000000% 05.~~134680~~589639% 05.~~097116~~927376% 0.000000% 0.000000% 0.000000% 05.~~097116~~927376%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1117,~~867~~518.2943

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~956537~~955124% Weighted Average Net Coupon 6.~~706537~~705124% Weighted Average Pass-Through Rate 6.~~600786~~601191% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count 1,~~495~~485 Number Of Loans Paid In Full 1018 Ending Scheduled Collateral Loan Count 1,~~485~~467 Beginning Scheduled Collateral Balance ~~293~~290,~~810~~798,~~713~~413.7290 Ending Scheduled Collateral Balance ~~290~~287,~~798~~389,~~413~~095.9040 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 ~~291~~287,~~032~~620,~~055~~725.9413 Monthly P &I Constant 1,~~991~~972,~~094~~900.7891 Special Servicing Fee 0.00 Prepayment Penalties 026,210.0043 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~290~~287,~~798~~389,~~413~~095.9040 Scheduled Principal 287,~~840~~451.4678 Unscheduled Principal 23,~~724~~121,~~459~~866.3672 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~276~~0.2200 Specified O/C Amount 1,028,337.50 Overcollateralized Amount 1,028,337.50 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~760~~732,~~550~~690.4670

Net WAC Rate Carryover Amount $0.00 Net WAC Rate Carryover Amount Outstanding $0.00

Filing Compare · DEUTSCHE ALT-A SEC INC MTG P/T CERTS SERIES 2003-2XS