8-K 1 sal03nb1_dec.txt DECEMBER 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): December 26, 2003 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NB1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83816-09 54-2105542 Pooling and Servicing Agreement) (Commission 54-2105543 (State or other File Number) 54-2105544 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 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., Mortgage Pass-Through Certificates, Series 2003-NB1 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-NB1 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. SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NB1 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: 1/8/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-NB1 Trust, relating to the December 26, 2003 distribution. EX-99.1

Salomon Brothers Mortgage Securities VII, Inc. Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 SBMSVII Series: 2003-NB1 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 AV-1 79549ASB6 SEN 5.~~13610~~00896% ~~102~~91,~~812~~339,~~134~~743.0821 ~~440~~381,~~044~~264.1911 63,~~633~~683,~~008~~739.1765 AV-2 79549ASC4 SEN 6.~~29460~~31428% 3933,~~432~~571,~~078~~040.2446 ~~206~~176,~~841~~647.0947 31,~~137~~480,~~725~~097.7593 AV-3 79549ASD2 SEN 5.~~93665~~86970% 4537,~~645~~518,~~241~~310.9331 ~~225~~183,~~816~~517.3360 52,~~336~~105,~~816~~394.4727 AV-4 79549ASE0 SEN 5.~~21304~~17641% 8068,~~048~~515,~~334~~517.9974 ~~347~~295,~~746~~553.2788 71,~~917~~333,~~774~~403.0965 AF 79549ASF7 SEN 6.25000% ~~134~~113,~~945~~856,~~927~~802.9950 ~~702~~593,~~842~~003.4769 133,~~948~~569,~~660~~712.8466 PO SAL03NBPO SEN 0.00000% 54,~~990~~966,~~619~~571.8811 0.00 ~~732~~61,~~974~~861.8865 IO SAL03NBIO SEN 0.~~98299~~98766% 0.00 7768,~~785~~959.7150 0.00 BV-1 SAL03NBV1 SUB 5.~~48230~~41397% 17,~~995~~924,~~453~~547.8305 8280,~~213~~869.7317 3536,~~276~~129.3348 BV-2 SAL03NBV2 SUB 5.~~48230~~41397% 9,~~526~~489,~~597~~060.9264 4342,~~523~~811.0626 1819,~~674~~126.9156 BV-3 SAL03NBV3 SUB 5.~~48230~~41397% 7,~~198~~170,~~576~~212.9568 32,~~887~~349.3044 14,~~111~~452.3159 BV-4 SAL03NBV4 SUB 5.~~48230~~41397% 5,~~080~~060,~~127~~110.2927 2322,~~208~~829.9941 910,~~958~~199.5337 BV-5 SAL03NBV5 SUB 5.~~48230~~41397% 4,~~023~~007,~~373~~520.8268 18,~~381~~080.1251 78,~~886~~077.9873 BV-6 SAL03NBV6 SUB 5.~~48230~~41397% 4,~~869~~850,~~447~~260.4151 2221,~~246~~882.4865 9,~~545~~776.5439 BF-1 SAL03NBF1 SUB 6.25000% 4,~~255~~220,~~032~~009.4916 2221,~~161~~979.6020 17,~~511~~437.6079 BF-2 SAL03NBF2 SUB 6.25000% 2,~~978~~954,~~815~~296.4572 15,~~514~~386.6495 12,~~259~~207.3265 BF-3 SAL03NBF3 SUB 6.25000% 1,~~808~~794,~~949~~060.8331 9,~~421~~344.6006 7,~~444~~413.7436 BF-4 SAL03NBF4 SUB 6.25000% 1,~~277~~266,~~192~~680.7412 6,~~652~~597.0429 5,~~256~~234.2914 BF-5 SAL03NBF5 SUB 6.25000% ~~850~~843,~~811~~808.3630 4,~~431~~394.3083 3,~~501~~486.5276 BF-6 SAL03NBF6 SUB 6.25000% 1,~~596~~583,~~251~~112.4868 8,~~313~~245.8037 6,~~569~~541.3869 R-I SAL03NBR1 SEN 5.~~34551~~33783% 0.00 0.00 0.00 R-II SAL03NBR2 SEN 6.25000% 0.00 0.00 0.00 R-III SAL03NBR3 SEN 0.00000% 0.00 0.00 0.00 Totals ~~470~~410,~~334~~931,~~967~~664.6845 21,~~290~~983,~~031~~716.7239 3712,~~854~~384,~~956~~293.6532

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AV-1 0.00 9687,~~179~~656,~~125~~003.9157 74,~~073~~065,~~052~~003.3676 0.00 AV-2 0.00 3632,~~294~~090,~~352~~942.4953 31,~~344~~656,~~566~~745.8440 0.00 AV-3 0.00 4035,~~308~~412,~~425~~916.4604 52,~~562~~288,~~632~~911.8087 0.00 AV-4 0.00 7267,~~130~~182,~~560~~114.9009 81,~~265~~628,~~520~~957.3653 0.00 AF 0.00 ~~120~~110,~~997~~287,~~267~~089.1584 144,~~651~~162,~~503~~716.3135 0.00 PO 0.00 54,~~257~~904,~~645~~709.0045 ~~732~~61,~~974~~861.8865 0.00 IO 0.00 0.00 7768,~~785~~959.7150 0.00 BV-1 0.00 17,~~960~~888,~~177~~417.5057 ~~117~~116,~~490~~998.0665 0.00 BV-2 0.00 9,~~507~~469,~~923~~934.0209 6261,~~197~~937.9782 0.00 BV-3 0.00 7,~~184~~155,~~465~~760.6409 46,~~998~~802.6103 0.00 BV-4 0.00 5,~~070~~049,~~168~~910.7689 33,~~167~~028.5278 0.00 BV-5 0.00 43,~~015~~999,~~486~~442.8495 26,~~268~~158.1024 0.00 BV-6 0.00 4,~~859~~840,~~901~~484.8712 31,~~792~~659.0204 0.00 BF-1 0.00 4,~~237~~202,~~520~~571.8937 39,~~673~~416.2099 0.00 BF-2 0.00 2,~~966~~942,~~556~~089.1306 27,~~773~~594.9660 0.00 BF-3 0.00 1,~~801~~786,~~505~~646.1094 16,~~866~~757.3442 0.00 BF-4 0.00 1,~~271~~261,~~936~~445.4598 11,~~908~~831.3343 0.00 BF-5 0.00 ~~847~~840,~~309~~321.8454 7,~~932~~881.8259 0.00 BF-6 0.00 1,~~589~~576,~~682~~570.1099 14,~~883~~787.1806 2.44 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 ~~432~~398,~~480~~547,~~011~~371.0511 4014,~~144~~368,~~988~~009.3771 2.44 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) AV-1 145,500,000.00 ~~102~~91,~~812~~339,~~134~~743.0821 ~~292~~271,~~387~~533.4941 63,~~340~~412,~~620~~206.6824 0.00 0.00 AV-2 55,149,000.00 3933,~~432~~571,~~078~~040.2446 5144,~~687~~546.7515 31,~~086~~435,~~038~~551.0078 0.00 0.00 AV-3 73,406,000.00 4537,~~645~~518,~~241~~310.9331 5647,~~658~~020.4820 52,~~280~~058,~~157~~374.9907 0.00 0.00 AV-4 105,016,000.00 8068,~~048~~515,~~334~~517.9974 ~~127~~109,~~289~~583.9113 71,~~790~~223,~~484~~820.1852 0.00 0.00 AF 197,025,120.80 ~~134~~113,~~945~~856,~~927~~802.9950 ~~555~~470,~~370~~475.3560 133,~~393~~099,~~290~~237.4906 0.00 0.00 PO 7,970,879.20 54,~~990~~966,~~619~~571.8811 2622,~~005~~031.7999 ~~706~~39,~~969~~829.1067 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 BV-1 18,204,000.00 17,~~995~~924,~~453~~547.8305 3536,~~276~~129.3348 0.00 0.00 0.00 BV-2 9,637,000.00 9,~~526~~489,~~597~~060.9264 1819,~~674~~126.9156 0.00 0.00 0.00 BV-3 7,282,000.00 7,~~198~~170,~~576~~212.9568 14,~~111~~452.3159 0.00 0.00 0.00 BV-4 5,139,000.00 5,~~080~~060,~~127~~110.2927 910,~~958~~199.5337 0.00 0.00 0.00 BV-5 4,070,000.00 4,~~023~~007,~~373~~520.8268 78,~~886~~077.9873 0.00 0.00 0.00 BV-6 4,925,878.58 4,~~869~~850,~~447~~260.4151 9,~~545~~776.5439 0.00 0.00 0.00 BF-1 4,361,000.00 4,~~255~~220,~~032~~009.4916 17,~~511~~437.6079 0.00 0.00 0.00 BF-2 3,053,000.00 2,~~978~~954,~~815~~296.4572 12,~~259~~207.3265 0.00 0.00 0.00 BF-3 1,854,000.00 1,~~808~~794,~~949~~060.8331 7,~~444~~413.7436 0.00 0.00 0.00 BF-4 1,309,000.00 1,~~277~~266,~~192~~680.7412 5,~~256~~234.2914 0.00 0.00 0.00 BF-5 872,000.00 ~~850~~843,~~811~~808.3630 3,~~501~~486.5276 0.00 0.00 0.00 BF-6 1,636,004.60 1,~~596~~583,~~251~~112.4868 6,~~569~~541.3869 0.00 0.00 0.00 R-I 100.00 0.00 0.00 0.00 0.00 0.00 R-II 100.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 Totals 646,410,083.18 ~~470~~410,~~334~~931,~~967~~664.6845 1,~~257~~115,~~396~~273.2299 3611,~~597~~269,~~560~~019.4434 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 AV-1 63,~~633~~683,~~008~~739.1765 9687,~~179~~656,~~125~~003.9157 0.~~66102492~~60244676 63,~~633~~683,~~008~~739.1765 AV-2 31,~~137~~480,~~725~~097.7593 3632,~~294~~090,~~352~~942.4953 0.~~65811443~~58189528 31,~~137~~480,~~725~~097.7593 AV-3 52,~~336~~105,~~816~~394.4727 4035,~~308~~412,~~425~~916.4604 0.~~54911622~~48242536 52,~~336~~105,~~816~~394.4727 AV-4 71,~~917~~333,~~774~~403.0965 7267,~~130~~182,~~560~~114.9009 0.~~68685306~~63973218 71,~~917~~333,~~774~~403.0965 AF 133,~~948~~569,~~660~~712.8466 ~~120~~110,~~997~~287,~~267~~089.1584 0.~~61412101~~55976156 133,~~948~~569,~~660~~712.8466 PO ~~732~~61,~~974~~861.8865 54,~~257~~904,~~645~~709.0045 0.~~65960666~~61532854 ~~732~~61,~~974~~861.8865 IO 0.00 0.00 0.00000000 0.00 BV-1 3536,~~276~~129.3348 17,~~960~~888,~~177~~417.5057 0.~~98660610~~98266412 3536,~~276~~129.3348 BV-2 1819,~~674~~126.9156 9,~~507~~469,~~923~~934.0209 0.~~98660610~~98266412 1819,~~674~~126.9156 BV-3 14,~~111~~452.3159 7,~~184~~155,~~465~~760.6409 0.~~98660610~~98266412 14,~~111~~452.3159 BV-4 910,~~958~~199.5337 5,~~070~~049,~~168~~910.7689 0.~~98660610~~98266412 910,~~958~~199.5337 BV-5 78,~~886~~077.9873 43,~~015~~999,~~486~~442.8495 0.~~98660610~~98266412 78,~~886~~077.9873 BV-6 9,~~545~~776.5439 4,~~859~~840,~~901~~484.8712 0.~~98660610~~98266412 9,~~545~~776.5439 BF-1 17,~~511~~437.6079 4,~~237~~202,~~520~~571.8937 0.~~97168560~~96367149 17,~~511~~437.6079 BF-2 12,~~259~~207.3265 2,~~966~~942,~~556~~089.1306 0.~~97168560~~96367149 12,~~259~~207.3265 BF-3 7,~~444~~413.7436 1,~~801~~786,~~505~~646.1094 0.~~97168560~~96367149 7,~~444~~413.7436 BF-4 5,~~256~~234.2914 1,~~271~~261,~~936~~445.4598 0.~~97168560~~96367149 5,~~256~~234.2914 BF-5 3,~~501~~486.5276 ~~847~~840,~~309~~321.8454 0.~~97168560~~96367149 3,~~501~~486.5276 BF-6 6,~~569~~541.3869 1,~~589~~576,~~682~~570.1099 0.~~97168559~~96367149 6,~~569~~541.3869 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 3712,~~854~~384,~~956~~293.6532 ~~432~~398,~~480~~547,~~011~~371.0511 0.~~66904899~~61655500 3712,~~854~~384,~~956~~293.6532

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion AV-1 145,500,000.00 ~~706~~627.~~61260536~~76455814 21.~~00953601~~86620900 4323.~~57814900~~45158928 0.00000000 AV-2 55,149,000.00 ~~715~~608.~~00985041~~73343959 0.~~93723821~~80774175 5526.~~95818601~~03042267 0.00000000 AV-3 73,406,000.00 ~~621~~511.~~81895118~~10686197 0.~~77185080~~64054982 7128.~~93087745~~04095128 0.00000000 AV-4 105,016,000.00 ~~762~~652.~~24894292~~42932258 1.~~21210016~~04348985 7411.~~18378323~~65365773 0.00000000 AF 197,025,120.80 ~~684~~577.~~91737217~~87962285 2.~~81877939~~38789652 6715.~~97757786~~73016196 0.00000000 PO 7,970,879.20 ~~751~~623.~~56325039~~08949683 32.~~26259994~~76406021 884.~~69399250~~99689796 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BV-1 18,204,000.00 ~~988~~984.~~54393705~~64881619 1.~~93783399~~98470007 0.00000000 0.00000000 BV-2 9,637,000.00 ~~988~~984.~~54393691~~64881602 1.~~93783439~~98470063 0.00000000 0.00000000 BV-3 7,282,000.00 ~~988~~984.~~54393711~~64881626 1.~~93783439~~98470063 0.00000000 0.00000000 BV-4 5,139,000.00 ~~988~~984.~~54393656~~64881689 1.~~93783421~~98469936 0.00000000 0.00000000 BV-5 4,070,000.00 ~~988~~984.~~54393612~~64881572 1.~~93783292~~98470025 0.00000000 0.00000000 BV-6 4,925,878.58 ~~988~~984.~~54393808~~64881568 1.~~93783502~~98469975 0.00000000 0.00000000 BF-1 4,361,000.00 ~~975~~967.~~70109837~~67006650 43.~~01550103~~99857601 0.00000000 0.00000000 BF-2 3,053,000.00 ~~975~~967.~~70109728~~67006878 43.~~01549951~~99857517 0.00000000 0.00000000 BF-3 1,854,000.00 ~~975~~967.~~70109493~~67007012 43.~~01550162~~99857605 0.00000000 0.00000000 BF-4 1,309,000.00 ~~975~~967.~~70110008~~67006875 43.~~01550038~~99857907 0.00000000 0.00000000 BF-5 872,000.00 ~~975~~967.~~70110092~~67006881 43.~~01550459~~99857798 0.00000000 0.00000000 BF-6 1,636,004.60 ~~975~~967.~~70109522~~67006645 43.~~01550216~~99857678 0.00000000 0.00000000 R-I 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution AV-1 0.00000000 4525.~~58768502~~31779828 ~~661~~602.~~02492034~~44675993 0.~~66102492~~60244676 4525.~~58768502~~31779828 AV-2 0.00000000 5626.~~89542421~~83816443 ~~658~~581.~~11442619~~89527516 0.~~65811443~~58189528 5626.~~89542421~~83816443 AV-3 0.00000000 7228.~~70272825~~68150110 ~~549~~482.~~11622292~~42536087 0.~~54911622~~48242536 7228.~~70272825~~68150110 AV-4 0.00000000 7512.~~39588339~~69714758 ~~686~~639.~~85305953~~73217500 0.~~68685306~~63973218 7512.~~39588339~~69714758 AF 0.00000000 7018.~~79635725~~11805848 ~~614~~559.~~12101492~~76156437 0.~~61412101~~55976156 7018.~~79635725~~11805848 PO 0.00000000 917.~~95659119~~76095691 ~~659~~615.~~60665920~~32853866 0.~~65960666~~61532854 917.~~95659119~~76095691 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BV-1 0.00000000 1.~~93783399~~98470007 ~~986~~982.~~60610305~~66411613 0.~~98660610~~98266412 1.~~93783399~~98470007 BV-2 0.00000000 1.~~93783439~~98470063 ~~986~~982.~~60610356~~66411643 0.~~98660610~~98266412 1.~~93783439~~98470063 BV-3 0.00000000 1.~~93783439~~98470063 ~~986~~982.~~60610272~~66411563 0.~~98660610~~98266412 1.~~93783439~~98470063 BV-4 0.00000000 1.~~93783421~~98469936 ~~986~~982.~~60610235~~66411559 0.~~98660610~~98266412 1.~~93783421~~98469936 BV-5 0.00000000 1.~~93783292~~98470025 ~~986~~982.~~60610319~~66411548 0.~~98660610~~98266412 1.~~93783292~~98470025 BV-6 0.00000000 1.~~93783502~~98469975 ~~986~~982.~~60610307~~66411593 0.~~98660610~~98266412 1.~~93783502~~98469975 BF-1 0.00000000 43.~~01550103~~99857601 ~~971~~963.~~68559734~~67149048 0.~~97168560~~96367149 43.~~01550103~~99857601 BF-2 0.00000000 43.~~01549951~~99857517 ~~971~~963.~~68559777~~67149034 0.~~97168560~~96367149 43.~~01549951~~99857517 BF-3 0.00000000 43.~~01550162~~99857605 ~~971~~963.~~68559871~~67148867 0.~~97168560~~96367149 43.~~01550162~~99857605 BF-4 0.00000000 43.~~01550038~~99857907 ~~971~~963.~~68559969~~67148969 0.~~97168560~~96367149 43.~~01550038~~99857907 BF-5 0.00000000 43.~~01550459~~99857798 ~~971~~963.~~68559633~~67149083 0.~~97168560~~96367149 43.~~01550459~~99857798 BF-6 0.00000000 43.~~01550216~~99857678 ~~971~~963.~~68559306~~67148968 0.~~97168559~~96367149 43.~~01550216~~99857678 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 AV-1 145,500,000.00 5.~~13610~~00896% ~~102~~91,~~812~~339,~~134~~743.0821 ~~440~~381,~~044~~264.2011 0.00 0.00 AV-2 55,149,000.00 6.~~29460~~31428% 3933,~~432~~571,~~078~~040.2446 ~~206~~176,~~841~~647.0947 0.00 0.00 AV-3 73,406,000.00 5.~~93665~~86970% 4537,~~645~~518,~~241~~310.9331 ~~225~~183,~~816~~517.3361 0.00 0.00 AV-4 105,016,000.00 5.~~21304~~17641% 8068,~~048~~515,~~334~~517.9974 ~~347~~295,~~746~~553.2788 0.00 0.00 AF 197,025,120.80 6.25000% ~~134~~113,~~945~~856,~~927~~802.9950 ~~702~~593,~~843~~004.3718 0.00 0.00 PO 7,970,879.20 0.00000% 54,~~990~~966,~~619~~571.8811 0.00 0.00 0.00 IO 0.00 0.~~98299~~98766% 9483,~~958~~785,~~728~~374.2215 7768,~~785~~959.8156 0.00 0.00 BV-1 18,204,000.00 5.~~48230~~41397% 17,~~995~~924,~~453~~547.8305 8280,~~213~~869.7317 0.00 0.00 BV-2 9,637,000.00 5.~~48230~~41397% 9,~~526~~489,~~597~~060.9264 4342,~~523~~811.0626 0.00 0.00 BV-3 7,282,000.00 5.~~48230~~41397% 7,~~198~~170,~~576~~212.9568 32,~~887~~349.3044 0.00 0.00 BV-4 5,139,000.00 5.~~48230~~41397% 5,~~080~~060,~~127~~110.2927 2322,~~208~~829.9941 0.00 0.00 BV-5 4,070,000.00 5.~~48230~~41397% 4,~~023~~007,~~373~~520.8268 18,~~381~~080.1251 0.00 0.00 BV-6 4,925,878.58 5.~~48230~~41397% 4,~~869~~850,~~447~~260.4151 2221,~~246~~882.4865 0.00 0.00 BF-1 4,361,000.00 6.25000% 4,~~255~~220,~~032~~009.4916 2221,~~161~~979.6321 0.00 0.00 BF-2 3,053,000.00 6.25000% 2,~~978~~954,~~815~~296.4572 15,~~514~~386.6696 0.00 0.00 BF-3 1,854,000.00 6.25000% 1,~~808~~794,~~949~~060.8331 9,~~421~~344.6106 0.00 0.00 BF-4 1,309,000.00 6.25000% 1,~~277~~266,~~192~~680.7412 6,~~652~~597.0529 0.00 0.00 BF-5 872,000.00 6.25000% ~~850~~843,~~811~~808.3630 4,~~431~~394.3183 0.00 0.00 BF-6 1,636,004.60 6.25000% 1,~~596~~583,~~251~~112.4868 8,~~313~~245.8138 0.00 0.00 R-I 100.00 5.~~34551~~33783% 0.00 0.00 0.00 0.00 R-II 100.00 6.25000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 646,410,083.18 21,~~290~~983,~~032~~716.8298 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 AV-1 0.00 0.00 ~~440~~381,~~044~~264.1911 0.00 9687,~~179~~656,~~125~~003.9157 AV-2 0.00 0.00 ~~206~~176,~~841~~647.0947 0.00 3632,~~294~~090,~~352~~942.4953 AV-3 0.00 0.00 ~~225~~183,~~816~~517.3360 0.00 4035,~~308~~412,~~425~~916.4604 AV-4 0.00 0.00 ~~347~~295,~~746~~553.2788 0.00 7267,~~130~~182,~~560~~114.9009 AF 0.9049 0.00 ~~702~~593,~~842~~003.4769 0.00 ~~120~~110,~~997~~287,~~267~~089.1584 PO 0.00 0.00 0.00 0.00 54,~~257~~904,~~645~~709.0045 IO 0.1006 0.00 7768,~~785~~959.7150 0.00 8880,~~197~~792,~~242~~776.6329 BV-1 0.00 0.00 8280,~~213~~869.7317 0.00 17,~~960~~888,~~177~~417.5057 BV-2 0.00 0.00 4342,~~523~~811.0626 0.00 9,~~507~~469,~~923~~934.0209 BV-3 0.00 0.00 32,~~887~~349.3044 0.00 7,~~184~~155,~~465~~760.6409 BV-4 0.00 0.00 2322,~~208~~829.9941 0.00 5,~~070~~049,~~168~~910.7689 BV-5 0.00 0.00 18,~~381~~080.1251 0.00 43,~~015~~999,~~486~~442.8495 BV-6 0.00 0.00 2221,~~246~~882.4865 0.00 4,~~859~~840,~~901~~484.8712 BF-1 0.0302 0.00 2221,~~161~~979.6020 0.00 4,~~237~~202,~~520~~571.8937 BF-2 0.0201 0.00 15,~~514~~386.6495 0.00 2,~~966~~942,~~556~~089.1306 BF-3 0.01 0.00 9,~~421~~344.6006 0.00 1,~~801~~786,~~505~~646.1094 BF-4 0.01 0.00 6,~~652~~597.0429 0.00 1,~~271~~261,~~936~~445.4598 BF-5 0.0100 0.00 4,~~431~~394.3083 0.00 ~~847~~840,~~309~~321.8454 BF-6 0.01 0.00 8,~~313~~245.8037 0.00 1,~~589~~576,~~682~~570.1099 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 10.0961 0.00 21,~~290~~983,~~031~~716.7239 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 AV-1 145,500,000.00 5.~~13610~~00896% ~~706~~627.~~61260536~~76455814 32.~~02435876~~62037189 0.00000000 0.00000000 AV-2 55,149,000.00 6.~~29460~~31428% ~~715~~608.~~00985041~~73343959 3.~~75058641~~20309471 0.00000000 0.00000000 AV-3 73,406,000.00 5.~~93665~~86970% ~~621~~511.~~81895118~~10686197 32.~~07626529~~50003556 0.00000000 0.00000000 AV-4 105,016,000.00 5.~~21304~~17641% ~~762~~652.~~24894292~~42932258 32.~~31136465~~81437000 0.00000000 0.00000000 AF 197,025,120.80 6.25000% ~~684~~577.~~91737217~~87962285 3.~~56727795~~00978970 0.00000000 0.00000000 PO 7,970,879.20 0.00000% ~~751~~623.~~56325039~~08949683 0.00000000 0.00000000 0.00000000 IO 0.00 0.~~98299~~98766% ~~700~~618.~~64486577~~20322708 0.~~57393596~~50881222 0.00000000 0.00000000 BV-1 18,204,000.00 5.~~48230~~41397% ~~988~~984.~~54393705~~64881619 4.~~51624533~~44238464 0.00000000 0.00000000 BV-2 9,637,000.00 5.~~48230~~41397% ~~988~~984.~~54393691~~64881602 4.~~51624572~~44238456 0.00000000 0.00000000 BV-3 7,282,000.00 5.~~48230~~41397% ~~988~~984.~~54393711~~64881626 4.~~51624554~~44238396 0.00000000 0.00000000 BV-4 5,139,000.00 5.~~48230~~41397% ~~988~~984.~~54393656~~64881689 4.~~51624635~~44238373 0.00000000 0.00000000 BV-5 4,070,000.00 5.~~48230~~41397% ~~988~~984.~~54393612~~64881572 4.~~51624570~~44238575 0.00000000 0.00000000 BV-6 4,925,878.58 5.~~48230~~41397% ~~988~~984.~~54393808~~64881568 4.~~51624612~~44238518 0.00000000 0.00000000 BF-1 4,361,000.00 6.25000% ~~975~~967.~~70109837~~67006650 5.~~08177712~~03994726 0.00000000 0.00000000 BF-2 3,053,000.00 6.25000% ~~975~~967.~~70109728~~67006878 5.~~08177530~~03994759 0.00000000 0.00000000 BF-3 1,854,000.00 6.25000% ~~975~~967.~~70109493~~67007012 5.~~08177454~~03994606 0.00000000 0.00000000 BF-4 1,309,000.00 6.25000% ~~975~~967.~~70110008~~67006875 5.~~08177998~~03994652 0.00000000 0.00000000 BF-5 872,000.00 6.25000% ~~975~~967.~~70110092~~67006881 5.~~08177752~~03994266 0.00000000 0.00000000 BF-6 1,636,004.60 6.25000% ~~975~~967.~~70109522~~67006645 5.~~08177666~~03994915 0.00000000 0.00000000 R-I 100.00 5.~~34551~~33783% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 100.00 6.25000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000.00 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 AV-1 0.00000000 0.00000000 32.~~02435869~~62037189 0.00000000 ~~661~~602.~~02492034~~44675993 AV-2 0.00000000 0.00000000 3.~~75058641~~20309471 0.00000000 ~~658~~581.~~11442619~~89527516 AV-3 0.00000000 0.00000000 32.~~07626529~~50003542 0.00000000 ~~549~~482.~~11622292~~42536087 AV-4 0.00000000 0.00000000 32.~~31136465~~81437000 0.00000000 ~~686~~639.~~85305953~~73217500 AF 0.~~00000457~~00000249 0.00000000 3.~~56727339~~00978722 0.00000000 ~~614~~559.~~12101492~~76156437 PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~659~~615.~~60665920~~32853866 IO 0.~~00000074~~00000044 0.00000000 0.~~57393522~~50881178 0.00000000 ~~650~~596.~~75582184~~12259936 BV-1 0.00000000 0.00000000 4.~~51624533~~44238464 0.00000000 ~~986~~982.~~60610305~~66411613 BV-2 0.00000000 0.00000000 4.~~51624572~~44238456 0.00000000 ~~986~~982.~~60610356~~66411643 BV-3 0.00000000 0.00000000 4.~~51624554~~44238396 0.00000000 ~~986~~982.~~60610272~~66411563 BV-4 0.00000000 0.00000000 4.~~51624635~~44238373 0.00000000 ~~986~~982.~~60610235~~66411559 BV-5 0.00000000 0.00000000 4.~~51624570~~44238575 0.00000000 ~~986~~982.~~60610319~~66411548 BV-6 0.00000000 0.00000000 4.~~51624612~~44238518 0.00000000 ~~986~~982.~~60610307~~66411593 BF-1 0.~~00000688~~00000459 0.00000000 5.~~08177024~~03994497 0.00000000 ~~971~~963.~~68559734~~67149048 BF-2 0.~~00000655~~00000328 0.00000000 5.~~08176875~~03994432 0.00000000 ~~971~~963.~~68559777~~67149034 BF-3 0.00000539 0.00000000 5.~~08176915~~03994606 0.00000000 ~~971~~963.~~68559871~~67148867 BF-4 0.00000764 0.00000000 5.~~08177235~~03994652 0.00000000 ~~971~~963.~~68559969~~67148969 BF-5 0.~~00001147~~00000000 0.00000000 5.~~08176606~~03994266 0.00000000 ~~971~~963.~~68559633~~67149083 BF-6 0.00000611 0.00000000 5.~~08177055~~03994304 0.00000000 ~~971~~963.~~68559306~~67148968 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 4014,~~277~~484,~~818~~356.9907 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4014,~~277~~484,~~818~~356.9907 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~132~~116,~~830~~346.6235 Payment of Interest and Principal 4014,~~144~~368,~~988~~009.3772 Total Withdrawals (Pool Distribution Amount) 4014,~~277~~484,~~818~~356.9907 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.0061

SERVICING FEES Gross Servicing Fee ~~130~~114,~~968~~719.8875 Trustee Fee - Wells Fargo Bank, N.A. 1,~~861~~626.7460 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~132~~116,~~830~~346.6235

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 016 0 0 0 016 01,984,098.0098 0.00 0.00 0.00 01,984,098.0098 60 Days 23 0 0 0 23 ~~213~~135,~~569~~651.2197 0.00 0.00 0.00 ~~213~~135,~~569~~651.2197 90 Days 0 21 0 0 21 0.00 ~~236~~110,~~147~~973.0221 0.00 0.00 ~~236~~110,~~147~~973.0221 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 0 0 01 083,479.0014 0.00 0.00 0.00 083,479.0014 180+ Days 0 0 01 0 01 0.00 0.00 019,579.0097 0.00 019,579.0097 Totals 220 21 01 0 422 ~~213~~2,~~569~~203,230.2109 ~~236~~110,~~147~~973.0221 019,579.0097 0.00 ~~449~~2,~~716~~333,783.2327 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~~404756% 0.000000% 0.000000% 0.000000% 0.~~000000~~404756% 0.~~000000~~497833% 0.000000% 0.000000% 0.000000% 0.~~000000~~497833% 60 Days 0.~~047585~~075892% 0.000000% 0.000000% 0.000000% 0.~~047585~~075892% 0.~~049382~~034037% 0.000000% 0.000000% 0.000000% 0.~~049382~~034037% 90 Days 0.000000% 0.~~047585~~025297% 0.000000% 0.000000% 0.~~047585~~025297% 0.000000% 0.~~054603~~027844% 0.000000% 0.000000% 0.~~054603~~027844% 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~~025297% 0.000000% 0.000000% 0.000000% 0.~~000000~~025297% 0.~~000000~~020946% 0.000000% 0.000000% 0.000000% 0.~~000000~~020946% 180+ Days 0.000000% 0.000000% 0.~~000000~~025297% 0.000000% 0.~~000000~~025297% 0.000000% 0.000000% 0.~~000000~~004913% 0.000000% 0.~~000000~~004913% Totals 0.~~047585~~505945% 0.~~047585~~025297% 0.~~000000~~025297% 0.000000% 0.~~095170~~556539% 0.~~049382~~552815% 0.~~054603~~027844% 0.~~000000~~004913% 0.000000% 0.~~103985~~585572%

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 154,195.00 0.02385405% 154,195.00 0.~~03565367~~03868925% Fraud 6,464,100.84 1.00000000% 6,464,100.84 1.~~49465887~~62191531% Special Hazard 3,232,051.00 0.50000009% 3,232,051.00 0.~~74732957~~81095780% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~181626~~132590% Weighted Average Pass-Through Rate 5.~~842725~~792836% Weighted Average Maturity(Stepdown Calculation ) ~~329~~327 Beginning Scheduled Collateral Loan Count 4,~~414~~056 Number Of Loans Paid In Full ~~211~~103 Ending Scheduled Collateral Loan Count 43,~~203~~953 Beginning Scheduled Collateral Balance ~~470~~410,~~334~~931,~~967~~664.7248 Ending Scheduled Collateral Balance ~~432~~398,~~480~~547,~~011~~371.0815 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~432~~398,~~480~~547,~~011~~371.0815 Monthly P &I Constant 3,~~680~~215,~~258~~336.5774 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3813,~~975~~871,~~062~~294.3997 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~432~~398,~~480~~547,~~011~~371.0815 Scheduled Principal 1,~~257~~115,~~396~~273.2099 Unscheduled Principal 3611,~~597~~269,~~560~~019.4434

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~515846~~388708 6.~~674354~~694030 6.~~316395~~249447 Weighted Average Net Rate 5.~~140846~~013708 6.~~299354~~319030 5.~~941395~~874447 Weighted Average Maturity ~~266~~264 ~~321~~319 ~~330~~328 Beginning Loan Count 1,~~518~~426 ~~319~~286 ~~247~~216 Loans Paid In Full 4540 2010 184 Ending Loan Count 1,~~473~~386 ~~299~~276 ~~229~~212 Beginning Scheduled Balance ~~121~~109,~~406~~826,~~483~~967.9114 4640,~~543~~663,~~437~~790.9778 5546,~~112~~962,~~429~~055.4235 Ending scheduled Balance ~~114~~106,~~720~~088,~~595~~268.2695 4339,~~396~~174,~~390~~281.6233 4944,~~763~~844,~~861~~825.5361 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~903~~819,~~317~~679.5783 ~~319~~280,~~882~~794.1688 ~~358~~303,~~503~~428.1308 Scheduled Principal ~~345~~326,~~267~~491.9795 6153,~~009~~957.3567 6858,~~409~~855.9067 Unscheduled Principal 63,~~340~~412,~~620~~206.6824 31,~~086~~435,~~038~~551.0078 52,~~280~~058,~~157~~374.9907 Scheduled Interest ~~558~~493,~~049~~187.6088 ~~258~~226,~~872~~837.8121 ~~290~~244,~~093~~572.2341 Servicing Fees 3734,~~939~~320.5393 1412,~~544~~707.8244 1714,~~222~~675.6364 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~480~~434.5773 ~~184~~160.2496 ~~218~~185.1589 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~519~~458,~~629~~432.5022 ~~244~~213,~~143~~968.7581 ~~272~~229,~~652~~710.4588 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~136096~~008958 6.~~294604~~314280 5.~~936645~~869697

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 5.~~592794~~556164 6.~~868439~~898023 6.~~181626~~132590 Weighted Average Net Rate 5.~~217794~~181164 6.~~618439~~648023 5.~~847475~~797586 Weighted Average Maturity ~~321~~319 ~~180~~178 ~~329~~327 Beginning Loan Count ~~280~~252 21,~~050~~876 4,~~414~~056 Loans Paid In Full 196 ~~109~~43 ~~211~~103 Ending Loan Count ~~261~~246 1,~~941~~833 43,~~203~~953 Beginning Scheduled Balance 9381,~~569~~993,~~015~~510.2032 ~~153~~131,~~703~~485,~~601~~340.2289 ~~470~~410,~~334~~931,~~967~~664.7248 Ending scheduled Balance 8580,~~629~~638,~~741~~550.0208 ~~138~~127,~~969~~801,~~422~~445.6518 ~~432~~398,~~480~~547,~~011~~371.0815 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~584~~510,~~883~~780.5585 1,~~513~~300,~~672~~653.1610 3,~~680~~215,~~258~~336.5774 Scheduled Principal ~~148~~131,~~790~~139.0072 ~~633~~544,~~918~~828.98 1,~~257~~115,~~396~~273.2099 Unscheduled Principal 71,~~790~~223,~~484~~820.1852 143,~~100~~139,~~259~~066.5973 3611,~~597~~269,~~560~~019.4434 Scheduled Interest ~~436~~379,~~093~~641.5513 ~~879~~755,~~753~~824.1812 2,~~422~~100,~~862~~062.3775 Servicing Fees 2925,~~240~~622.3297 3227,~~021~~392.5877 ~~130~~114,~~968~~719.8875 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~370~~324.3855 ~~608~~520.4047 1,~~861~~626.7460 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~406~~353,~~482~~693.8561 ~~847~~727,~~123~~910.2088 21,~~290~~983,~~031~~716.7540 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~213044~~176414 6.~~613689~~643273 5.~~842725~~792836

Filing Compare · SALOMON MORTGAGE LOAN TRUST SERIES 2003-NBC1