8-K 1 dal032xs.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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: 1/6/04 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 December 26, 2003 distribution. EX-99.1

DEUTSCHE ALT-A SECURITIES INC Mortgage Pass-Through Certificates Record Date: 1011/3130/03 Distribution Date: 1112/2526/03 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% ~~101~~97,~~189~~780,~~976~~657.4090 ~~151~~146,~~784~~670.9699 34,~~409~~328,~~318~~307.5030 A-2 251510AS2 SEN 3.03000% 27,412,000.00 69,215.30 0.00 A-3 251510AT0 SEN 3.76000% 54,417,000.00 170,506.60 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% 29,381,000.00 121,686.31 0.00 A-IO 251510AX1 SEN 4.50000% 0.00 145,995.38 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% 1,028,337.50 ~~586~~567,~~695~~336.3375 0.00 P DAL032XSP SEN 0.00000% 100.00 269,~~210~~795.4374 0.00 R DAL32XSR1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~290~~287,~~798~~389,~~413~~095.9040 1,~~625~~585,~~890~~003.6945 34,~~409~~328,~~318~~307.5030

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9793,~~780~~452,~~657~~350.9060 34,~~561~~474,~~103~~978.4629 0.00 A-2 0.00 27,412,000.00 69,215.30 0.00 A-3 0.00 54,417,000.00 170,506.60 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 29,381,000.00 121,686.31 0.00 A-IO 0.00 0.00 145,995.38 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 ~~586~~567,~~695~~336.3375 0.00 P 0.00 100.00 269,~~210~~795.4374 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~287~~283,~~389~~060,~~095~~788.4010 5,~~035~~913,~~209~~310.1975 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 ~~101~~97,~~189~~780,~~976~~657.4090 0.00 34,~~409~~328,~~318~~307.5030 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 1,028,337.50 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 ~~290~~287,~~798~~389,~~413~~095.9040 0.00 34,~~409~~328,~~318~~307.5030 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 34,~~409~~328,~~318~~307.5030 9793,~~780~~452,~~657~~350.9060 0.~~93837602~~89683836 34,~~409~~328,~~318~~307.5030 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 34,~~409~~328,~~318~~307.5030 ~~287~~283,~~389~~060,~~095~~788.4010 0.~~97814369~~96341207 34,~~409~~328,~~318~~307.5030

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 ~~971~~938.~~09437823~~37601869 0.00000000 3241.~~71835953~~53766051 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 1,028,613.72 999.73146382 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 3241.~~71835953~~53766051 ~~938~~896.~~37601869~~83835819 0.~~93837602~~89683836 3241.~~71835953~~53766051 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% ~~101~~97,~~189~~780,~~976~~657.4090 ~~151~~146,~~784~~670.9699 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% 1,028,337.50 0567,336.0075 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,~~012~~575,~~984~~207.9371 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 ~~151~~146,~~784~~670.9699 0.00 9793,~~780~~452,~~657~~350.9060 A-2 0.00 0.00 69,215.30 0.00 27,412,000.00 A-3 0.00 0.00 170,506.60 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 0.00 121,686.31 0.00 29,381,000.00 A-IO 0.00 0.00 145,995.38 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 ~~586~~567,~~695~~336.3375 0.00 1,028,337.50 P 0.00 0.00 269,~~210~~795.4374 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~625~~585,~~890~~003.6945 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% ~~971~~938.~~09437823~~37601869 1.~~45664152~~40756406 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% 999.73146382 0551.~~00000000~~55471774 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.~~45664152~~40756406 0.00000000 ~~938~~896.~~37601869~~83835819 A-2 0.00000000 0.00000000 2.52500000 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 3.13333333 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 4.14166672 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 3.75000013 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 ~~570~~551.~~37478559~~55471774 0.00000000 999.73146382 P 0.00000000 0.00000000 ~~262104~~97957.~~30000000~~40000000 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 45,~~979~~940,~~116~~466.8932 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~117~~165,~~518~~096.4303 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 269,~~210~~795.4374 Total Deposits 56,~~122~~115,~~845~~358.7509 Withdrawals Reimbursement for Servicer Advances 1117,~~867~~518.2943 Payment of Service Fee 8584,~~769~~528.2791 Payment of Interest and Principal 5,~~035~~913,~~209~~310.1975 Total Withdrawals (Pool Distribution Amount) 56,~~122~~115,~~845~~358.7509 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6059,~~583~~872.0174 Credit Risk Manager Fee - ~~Murrayhill~~Murray Hill 3,~~392~~352.6190 Master Servicing Fee- Wells Fargo 1,~~938~~915.6192 MGIC ~~293~~137.0796 PMI ~~865~~840.1870 Radian 18,~~476~~188.7785 UGI ~~220~~219.0284 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8584,~~769~~528.2791

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 7994 0 0 0 7994 1518,~~744~~663,~~762~~804.5137 0.00 0.00 0.00 1518,~~744~~663,~~762~~804.5137 60 Days 325 0 0 0 325 14,~~303~~823,~~598~~097.9236 0.00 0.00 0.00 14,~~303~~823,~~598~~097.9236 90 Days 02 0 0 0 02 0747,347.0017 0.00 0.00 0.00 0747,347.0017 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 82121 0 0 0 82121 1724,~~048~~234,~~361~~248.4390 0.00 0.00 0.00 1724,~~048~~234,~~361~~248.4390 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 56.~~385140~~482759% 0.000000% 0.000000% 0.000000% 56.~~385140~~482759% 56.~~474140~~587280% 0.000000% 0.000000% 0.000000% 56.~~474140~~587280% 60 Days 01.~~204499~~724138% 0.000000% 0.000000% 0.000000% 01.~~204499~~724138% 01.~~453235~~702284% 0.000000% 0.000000% 0.000000% 01.~~453235~~702284% 90 Days 0.~~000000~~137931% 0.000000% 0.000000% 0.000000% 0.~~000000~~137931% 0.~~000000~~263772% 0.000000% 0.000000% 0.000000% 0.~~000000~~263772% 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 58.~~589639~~344828% 0.000000% 0.000000% 0.000000% 58.~~589639~~344828% 58.~~927376~~553335% 0.000000% 0.000000% 0.000000% 58.~~927376~~553335%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~117~~165,~~518~~096.4303

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~955124~~930268% Weighted Average Net Coupon 6.~~705124~~680268% Weighted Average Pass-Through Rate 6.~~601191~~577316% Weighted Average Maturity(Stepdown Calculation ) ~~337~~336 Beginning Scheduled Collateral Loan Count 1,~~485~~467 Number Of Loans Paid In Full 1817 Ending Scheduled Collateral Loan Count 1,~~467~~450 Beginning Scheduled Collateral Balance ~~290~~287,~~798~~389,~~413~~095.9040 Ending Scheduled Collateral Balance ~~287~~283,~~389~~060,~~095~~788.4010 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2003 ~~287~~283,~~620~~330,~~725~~980.1398 Monthly P &I Constant 1,~~972~~945,~~900~~165.9131 Special Servicing Fee 0.00 Prepayment Penalties 269,~~210~~795.4374 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~287~~283,~~389~~060,~~095~~788.4010 Scheduled Principal ~~287~~285,~~451~~429.7813 Unscheduled Principal 34,~~121~~042,~~866~~878.7217 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 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 ~~732~~713,~~690~~332.7012

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