8-K 1 opt03002_dec.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 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-01 54-2102407 Pooling and Servicing Agreement) (Commission 54-2102408 (State or other File Number) 54-2102406 jurisdiction IRS EIN of Incorporation) c/o 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 December 26, 2003 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2003-2 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 Asset-Backed Certificates, Series 2003-2 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 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: 1/7/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-2 Trust, relating to the December 26, 2003 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 OOMC Series: 2003-2 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 R-IV 0.00000% 0.00 0.00 0.00 R-V 0.00000% 0.00 0.00 0.00 A-1 68389FDF8 SEN 1.~~43000~~42875% ~~934~~880,~~158~~086,~~258~~110.4365 1,~~187~~082,~~418~~780.94 2231,~~283~~727,~~425~~062.5659 A-2 68389FDG6 SEN 1.~~42000~~41875% ~~340~~319,~~700~~801,~~629~~171.6202 ~~430~~390,~~039~~701.9053 1110,~~975~~252,~~854~~212.8623 A-3 68389FDH4 SEN 1.~~62000~~61875% 2928,~~893~~162,~~064~~755.2754 4339,~~046~~256.0173 ~~713~~1,~~069~~015,266.6200 M-1 68389FDJ0 MEZ 1.~~77000~~76875% 76,000,000.00 ~~119~~115,~~573~~754.3386 0.00 M-2 68389FDK7 MEZ 2.~~82000~~81875% 60,000,000.00 ~~150~~145,~~400~~635.0042 0.00 M-3 68389FDL5 MEZ 3.~~87000~~86875% 24,000,000.00 8279,~~560~~954.0017 0.00 M-4 68389FDM3 MEZ 6.06000% 20,000,000.00 101,000.00 0.00 M-5 68389FDN1 MEZ 6.25000% 5,600,000.00 29,166.67 0.00 C OPT03002C OC 0.00000% 10,400,000.00 6,~~414~~120,~~481~~834.1318 0.00 R-1 OPT0302R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0302R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0302R3 RES 0.00000% 0.00 0.00 0.00 P OPT03002P Pre_pay 0.00000% 100.00 ~~712~~861,~~548~~250.3769 0.00 Totals 1,~~500~~424,~~752~~050,~~052~~137.3221 98,~~270~~966,~~234~~335.3519 3442,~~972~~994,~~350~~540.0482

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R-IV 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 A-1 0.00 ~~911~~848,~~874~~359,~~832~~048.8606 2332,~~470~~809,~~844~~843.5053 0.00 A-2 0.00 ~~328~~309,~~724~~548,~~774~~958.7578 1210,~~405~~642,~~894~~913.76 0.00 A-3 0.00 2927,~~179~~147,~~994~~489.6554 ~~756~~1,~~115~~054,522.6373 0.00 M-1 0.00 76,000,000.00 ~~119~~115,~~573~~754.3386 0.00 M-2 0.00 60,000,000.00 ~~150~~145,~~400~~635.0042 0.00 M-3 0.00 24,000,000.00 8279,~~560~~954.0017 0.00 M-4 0.00 20,000,000.00 101,000.00 0.00 M-5 0.00 5,600,000.00 29,166.67 0.00 C 0.00 10,400,000.00 6,~~414~~120,~~481~~834.1318 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 P 0.00 100.00 ~~712~~861,~~548~~250.3769 0.00 Totals 0.00 1,~~465~~381,~~779~~055,~~702~~596.2638 4451,~~242~~960,~~584~~876.3901 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) R-IV 0.00 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 0.00 A-1 1,000,000,000.00 ~~934~~880,~~158~~086,~~258~~110.4365 0.00 2231,~~283~~727,~~425~~062.5659 0.00 0.00 A-2 372,000,000.00 ~~340~~319,~~700~~801,~~629~~171.6202 0.00 1110,~~975~~252,~~854~~212.8623 0.00 0.00 A-3 32,000,000.00 2928,~~893~~162,~~064~~755.2754 0.00 ~~713~~1,~~069~~015,266.6200 0.00 0.00 M-1 76,000,000.00 76,000,000.00 0.00 0.00 0.00 0.00 M-2 60,000,000.00 60,000,000.00 0.00 0.00 0.00 0.00 M-3 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 M-4 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00 M-5 5,600,000.00 5,600,000.00 0.00 0.00 0.00 0.00 C 10,399,900.00 10,400,000.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,600,000,000.00 1,~~500~~424,~~752~~050,~~052~~137.3221 0.00 3442,~~972~~994,~~350~~540.0482 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 R-IV 0.00 0.00 0.00000000 0.00 R-V 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 R-V 0.00 0.00 0.00000000 0.00 A-1 2231,~~283~~727,~~425~~062.5659 ~~911~~848,~~874~~359,~~832~~048.8606 0.~~91187483~~84835905 2231,~~283~~727,~~425~~062.5659 A-2 1110,~~975~~252,~~854~~212.8623 ~~328~~309,~~724~~548,~~774~~958.7578 0.~~88366875~~83212086 1110,~~975~~252,~~854~~212.8623 A-3 ~~713~~1,~~069~~015,266.6200 2927,~~179~~147,~~994~~489.6554 0.~~91187483~~84835905 ~~713~~1,~~069~~015,266.6200 M-1 0.00 76,000,000.00 1.00000000 0.00 M-2 0.00 60,000,000.00 1.00000000 0.00 M-3 0.00 24,000,000.00 1.00000000 0.00 M-4 0.00 20,000,000.00 1.00000000 0.00 M-5 0.00 5,600,000.00 1.00000000 0.00 C 0.00 10,400,000.00 1.00000962 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 3442,~~972~~994,~~350~~540.0482 1,~~465~~381,~~779~~055,~~702~~596.2638 0.~~91611231~~86315975 3442,~~972~~994,~~350~~540.0482

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R-IV 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 1,000,000,000.00 ~~934~~880.~~15825843~~08611065 0.00000000 2231.~~28342556~~72706259 0.00000000 A-2 372,000,000.00 ~~915~~859.~~86190758~~68056726 0.00000000 3227.~~19315823~~55971030 0.00000000 A-3 32,000,000.00 ~~934~~880.~~15825844~~08611063 0.00000000 2231.~~28342562~~72706250 0.00000000 M-1 76,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 60,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 10,399,900.00 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 2231.~~28342556~~72706259 ~~911~~848.~~87483286~~35904806 0.~~91187483~~84835905 2231.~~28342556~~72706259 A-2 0.00000000 3227.~~19315823~~55971030 ~~883~~832.~~66874933~~12085694 0.~~88366875~~83212086 3227.~~19315823~~55971030 A-3 0.00000000 2231.~~28342562~~72706250 ~~911~~848.~~87483281~~35904812 0.~~91187483~~84835905 2231.~~28342562~~72706250 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00961548 1.00000962 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 R-IV 0.00 0.00000% 0.00 0.00 0.00 0.00 R-V 0.00 0.00000% 0.00 0.00 0.00 0.00 A-1 1,000,000,000.00 1.~~43000~~42875% ~~934~~880,~~158~~086,~~258~~110.4365 1,~~187~~082,~~418~~780.94 0.00 0.00 A-2 372,000,000.00 1.~~42000~~41875% ~~340~~319,~~700~~801,~~629~~171.6202 ~~430~~390,~~039~~701.9153 0.00 0.00 A-3 32,000,000.00 1.~~62000~~61875% 2928,~~893~~162,~~064~~755.2754 4339,~~046~~256.0173 0.00 0.00 M-1 76,000,000.00 1.~~77000~~76875% 76,000,000.00 ~~119~~115,~~573~~754.3386 0.00 0.00 M-2 60,000,000.00 2.~~82000~~81875% 60,000,000.00 ~~150~~145,~~400~~635.0042 0.00 0.00 M-3 24,000,000.00 3.~~87000~~86875% 24,000,000.00 8279,~~560~~954.0017 0.00 0.00 M-4 20,000,000.00 6.06000% 20,000,000.00 101,000.00 0.00 0.00 M-5 5,600,000.00 6.25000% 5,600,000.00 29,166.67 0.00 0.00 C 10,399,900.00 0.00000% 10,400,000.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 1,600,000,000.00 21,~~143~~984,~~204~~250.8632 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 R-IV 0.00 0.00 0.00 0.00 0.00 R-V 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 1,~~187~~082,~~418~~780.94 0.00 ~~911~~848,~~874~~359,~~832~~048.8606 A-2 0.00 0.00 ~~430~~390,~~039~~701.9053 0.00 ~~328~~309,~~724~~548,~~774~~958.7578 A-3 0.00 0.00 4339,~~046~~256.0173 0.00 2927,~~179~~147,~~994~~489.6554 M-1 0.00 0.00 ~~119~~115,~~573~~754.3386 0.00 76,000,000.00 M-2 0.00 0.00 ~~150~~145,~~400~~635.0042 0.00 60,000,000.00 M-3 0.00 0.00 8279,~~560~~954.0017 0.00 24,000,000.00 M-4 0.00 0.00 101,000.00 0.00 20,000,000.00 M-5 0.00 0.00 29,166.67 0.00 5,600,000.00 C 0.00 0.00 6,~~414~~120,~~481~~834.1318 0.00 10,400,000.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~712~~861,~~548~~250.3769 0.00 100.00 Totals 0.00 0.00 98,~~270~~966,~~234~~335.3519 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 R-IV 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 1,000,000,000.00 1.~~43000~~42875% ~~934~~880.~~15825843~~08611065 1.~~18741894~~08278094 0.00000000 0.00000000 A-2 372,000,000.00 1.~~42000~~41875% ~~915~~859.~~86190758~~68056726 1.~~15602126~~05027293 0.00000000 0.00000000 A-3 32,000,000.00 1.~~62000~~61875% ~~934~~880.~~15825844~~08611063 1.~~34518781~~22677281 0.00000000 0.00000000 M-1 76,000,000.00 1.~~77000~~76875% 1000.00000000 1.~~57333329~~52309026 0.00000000 0.00000000 M-2 60,000,000.00 2.~~82000~~81875% 1000.00000000 2.~~50666667~~42725700 0.00000000 0.00000000 M-3 24,000,000.00 3.~~87000~~86875% 1000.00000000 3.~~44000000~~33142375 0.00000000 0.00000000 M-4 20,000,000.00 6.06000% 1000.00000000 5.05000000 0.00000000 0.00000000 M-5 5,600,000.00 6.25000% 1000.00000000 5.20833393 0.00000000 0.00000000 C 10,399,900.00 0.00000% 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 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 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-V 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~18741894~~08278094 0.00000000 ~~911~~848.~~87483286~~35904806 A-2 0.00000000 0.00000000 1.~~15602124~~05027293 0.00000000 ~~883~~832.~~66874933~~12085694 A-3 0.00000000 0.00000000 1.~~34518781~~22677281 0.00000000 ~~911~~848.~~87483281~~35904812 M-1 0.00000000 0.00000000 1.~~57333329~~52309026 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~50666667~~42725700 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~44000000~~33142375 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 5.05000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.20833393 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~616~~588.~~78296234~~54740719 0.00000000 1000.00961548 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~7125483~~8612506.~~70000000~~90000000 0.00000000 1000.00000000 (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 4452,~~899~~421,~~558~~468.5227 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) (1028,~~828~~255.1388) Prepayment Penalties ~~712~~861,~~548~~250.3769 Total Deposits 4553,~~601~~254,~~278~~463.7608 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~358~~293,~~694~~587.3707 Payment of Interest and Principal 4451,~~242~~960,~~584~~876.3901 Total Withdrawals (Pool Distribution Amount) 4553,~~601~~254,~~278~~463.7608 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~375~~356,~~187~~012.6388 Radian PMI Policy Fee ~~979~~934,~~754~~013.0636 Wells Fargo 3,~~752~~560.6883 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~358~~293,~~694~~587.3707

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.0100 0.0100 1,000.00

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 1723 13 0 1826 23,~~453~~425,~~770~~494.4942 ~~162~~351,~~813~~876.4028 0.00 23,~~616~~777,~~583~~370.8970 30 Days ~~174~~140 23 04 0 ~~176~~147 2321,~~769~~586,~~446~~576.6563 ~~379~~562,~~379~~734.3821 0610,364.0032 0.00 2422,~~148~~759,~~826~~675.0316 60 Days 2325 53 2938 0 5766 4,~~047~~421,~~203~~888.9281 ~~742~~448,~~102~~972.0488 34,~~969~~503,~~334~~101.6531 0.00 89,~~758~~373,~~640~~963.6100 90 Days 1311 1222 95156 68 ~~126~~197 23,~~701~~149,~~063~~232.8570 13,~~439~~171,~~575~~798.9812 1423,~~669~~250,~~223~~587.6042 1,~~406~~480,~~715~~548.8730 2031,~~216~~052,~~579~~166.3054 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 ~~210~~176 3651 ~~125~~201 68 ~~377~~436 3029,~~517~~157,~~714~~698.4214 57,~~014~~608,~~827~~999.8963 1828,~~801~~715,~~371~~929.6533 1,~~406~~480,~~715~~548.8730 5566,~~740~~963,~~629~~175.8340 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.~~173416~~247232% 0.~~010201~~032248% 0.000000% 0.~~183617~~279480% 0.~~167348~~247944% 0.~~011104~~025469% 0.000000% 0.~~178452~~273414% 30 Days 1.~~774967~~504891% 0.~~020402~~032248% 0.~~000000~~042997% 0.000000% 1.~~795369~~580135% 1.~~621084~~562479% 0.~~025874~~040732% 0.~~000000~~044179% 0.000000% 1.~~646958~~647390% 60 Days 0.~~234622~~268731% 0.~~051005~~032248% 0.~~295828~~408470% 0.000000% 0.~~581455~~709449% 0.~~276021~~320065% 0.~~050612~~032498% 0.~~270710~~325943% 0.000000% 0.~~597342~~678506% 90 Days 0.~~132612~~118241% 0.~~122412~~236483% 01.~~969091~~676878% 0.~~061206~~085994% 12.~~285321~~117596% 0.~~184213~~227948% 0.~~098180~~229581% 1.~~000446~~682923% 0.~~095938~~107165% 12.~~378777~~247617% 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 21.~~142201~~891863% 0.~~367235~~548210% 12.~~275120~~160593% 0.~~061206~~085994% 34.~~845762~~686660% 2.~~081318~~110492% 0.~~342013~~550754% 12.~~282260~~078516% 0.~~095938~~107165% 34.~~801529~~846927% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~732~~707,~~203~~827.50 Class A-2 228,000,000.00 14.25000000% 225,180,094.65 15.36247871% 22.426615% 0.000000% Class A-3 196,000,000.00 12.25000000% 196,000,100.00 13.37172971% 1.990749% 0.000000% Class M-1 120,000,000.00 7.50000000% 120,000,100.00 8.18677594% 5.184954% 0.000000% Class M-2 60,000,000.00 3.75000000% 60,000,100.00 4.09339138% 4.093385% 0.000000% Class M-3 36,000,000.00 2.25000000% 36,000,100.00 2.45603756% 1.637354% 0.000000% Class M-4 16,000,000.00 1.00000000% 16,000,100.00 1.09157604% 1.364462% 0.000000% Class R-I 10,400,000.00 0.65000000% 10,400,100.00 0.70952681% 0.000000% 0.000000% Class R-II 10,400,000.00 0.65000000% 10,400,100.00 0.70952681% 0.000000% 0.000000% Class R-III 10,400,000.00 0.65000000% 10,400,100.00 0.70952681% 0.000000% 0.000000% Class C 100.00 0.00000625% 100.00 0.00000682% 0.709520% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure78

~~COLLATERAL~~Class ~~STATEMENT~~A-2 ~~Collateral~~228,000,000.00 ~~Description~~14.25000000% ~~Mixed~~223,147,589.54 ~~Fixed~~16.15775571% &22.413939% ~~Arm~~0.000000% ~~Weighted~~Class ~~Average~~A-3 ~~Gross~~196,000,000.00 ~~Coupon 7~~12.~~926412~~25000000% ~~Weighted~~196,000,100.00 ~~Average~~14.19204994% ~~Net~~1.965706% ~~Coupon 7~~0.~~626412~~000000% ~~Weighted~~Class ~~Average Pass~~M-~~Through~~1 ~~Rate~~120,000,000.00 67.~~840001~~50000000% ~~Weighted~~120,000,100.00 ~~Average~~8.68901298% ~~Maturity(Stepdown~~5.503037% ~~Calculation~~0.000000% )Class ~~348~~M-2 ~~Beginning~~60,000,000.00 ~~Scheduled~~3.75000000% ~~Collateral~~60,000,100.00 ~~Loan~~4.34451011% ~~Count~~4.344503% ~~10,012~~0.000000% ~~Number~~Class OfM-3 ~~Loans~~36,000,000.00 ~~Paid~~2.25000000% In36,000,100.00 ~~Full~~2.60670896% ~~209~~1.737801% ~~Ending~~0.000000% ~~Scheduled~~Class ~~Collateral~~M-4 ~~Loan~~16,000,000.00 ~~Count~~1.00000000% 916,~~803~~000,100.00 ~~Beginning~~1.15854134% ~~Scheduled~~1.448168% ~~Collateral~~0.000000% ~~Balance~~Class 1R-I 10,~~500~~400,~~752,052~~000.3100 ~~Ending~~0.65000000% ~~Scheduled Collateral Balance 1~~10,~~465~~400,~~779,702~~100.2700 ~~Ending~~0.75305440% ~~Actual~~0.000000% ~~Collateral~~0.000000% ~~Balance~~Class ~~at 30~~R-~~Sep-2003~~II 110,~~466~~400,~~268~~000.00 0.65000000% 10,~~693~~400,100.4600 ~~Monthly~~0.75305440% P0.000000% &I0.000000% ~~Constant~~Class 11R-III 10,~~081~~400,~~927~~000.6300 ~~Special~~0.65000000% ~~Servicing~~10,400,100.00 ~~Fee~~0.75305440% 0.00000000% ~~Prepayment Penalties 712,548~~0.37000000% ~~Realized~~Class ~~Loss~~C ~~Amount~~100.00 ~~10,828~~0.1300000625% ~~Cumulative~~100.00 ~~Realized~~0.00000724% ~~Loss~~0.753047% ~~10,828~~0.13000000% ~~Ending~~Please ~~Scheduled~~Refer ~~Balance~~to ~~for~~the ~~Premium~~Prospectus ~~Loans~~Supplement ~~1,465,779,702.27~~for ~~Scheduled~~a ~~Principal~~Full ~~1,168,945.36~~Description ~~Unscheduled~~of ~~Principal~~Loss ~~33,803,404.68~~Exposure

~~Trigger~~COLLATERAL ~~Event~~STATEMENT ~~Not~~Collateral ~~Triggered~~Description InMixed ~~Effect~~Fixed ~~Since~~& ~~N/A~~Arm ~~Comments~~Weighted ~~N/A~~Average Gross Coupon 7.917075% Weighted Average Net Coupon 7.617075% Weighted Average Pass-Through Rate 6.827013% Weighted Average Maturity(Stepdown ~~Date~~Calculation ~~Don't~~) ~~Step~~346 ~~Down~~Beginning Scheduled Collateral Loan Count 9,548 Number Of Loans Paid In ~~Effect~~Full ~~Since~~245 ~~N/A~~Ending ~~Comments~~Scheduled ~~N/A~~Collateral ~~Unscheduled~~Loan ~~Principlal-Voluntary~~Count 339,~~606~~303 Beginning Scheduled Collateral Balance 1,~~122~~424,050,137.6821 ~~Unscheduled~~Ending ~~Principlal~~Scheduled Collateral Balance 1,381,055,596.38 Ending Actual Collateral Balance at 30-~~Involuntary~~Nov-2003 ~~197~~1,~~282~~381,559,478.74 Monthly P &I Constant 10,520,110.60 Special Servicing Fee 0.00 ~~Credit~~Prepayment ~~Enhancement~~Penalties ~~Percentage~~861,250.69 13Realized Loss Amount 28,255.~~3717160701~~88 ~~Other~~Cumulative ~~Income~~Realized 14Loss 102,~~225~~926.7985 Ending Scheduled Balance for Premium Loans 1,381,055,596.38 Scheduled Principal 1,124,850.47 Unscheduled Principal 41,869,690.36

~~Miscellaneous~~Trigger ~~Reporting~~Event ~~General~~Not ~~Excess~~Triggered ~~Available~~In ~~Amt~~Effect ~~6,425,309.26~~Since ~~Extra~~N/A ~~Principal~~Comments ~~Distribution~~N/A ~~Amt~~Stepdown ~~10,828.13~~Date ~~Overcollateralization~~Don't ~~Amt~~Step ~~10,400,000.00~~Down ~~Excess~~In ~~Overcollateralized~~Effect ~~Amt~~Since ~~0.00~~N/A ~~Overcollateralization~~Comments ~~Deficit~~N/A ~~Amt~~Unscheduled 10Principlal-Voluntary 41,~~828~~580,351.1341 ~~Overcollateralization~~Unscheduled ~~Increase~~Principlal-Involuntary ~~Amt 0~~289,338.0095 ~~Overcollateralization~~Credit ~~Release~~Enhancement ~~Amt~~Percentage 014.001920355 ~~Specified~~Other ~~Overcollateralization~~Income ~~Amt 10~~31,~~400,000~~666.0013

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~General ~~Statement~~Excess ~~Group~~Available ~~Group~~Amt 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.717445 8.045146 7.741584 Weighted Average Net Rate 7.417445 7.745146 7.441584 Weighted Average Maturity 348 348 348 Beginning Loan Count 26,~~463 5~~149,~~480 592 Loans Paid In Full 41 107 20 Ending Loan Count 2,422 5,373 572 Beginning Scheduled Balance 324,525,683~~090.4606 ~~783,594,094.53~~Extra ~~98,428,631.17 Ending scheduled Balance 318,439,187.49 766,680,387.36 95,670,500.73 Record Date 09/30/2003 09/30/2003 09/30/2003~~ Principal ~~And~~Distribution ~~Interest~~Amt ~~Constant 2~~28,~~399,836~~255.0088 ~~5,807,163.18~~Overcollateralization ~~726,456.04~~Amt ~~Scheduled Principal 312~~10,~~745.20 553~~400,~~722~~000.37 91,461.43 Unscheduled Principal 5,773,750.77 16,359,984.80 2,666,669.01 Scheduled Interest 2,087,090.80 5,253,440.81 634,994.61 Servicing Fees 81,131.33 195,898.32 24,607.21 Master Servicing Fees 0.00 ~~0.00~~Excess ~~0.00~~Overcollateralized ~~Trustee~~Amt ~~Fee 811.57 1,959.33 246.07 FRY Amount~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Deficit ~~Special~~Amt ~~Hazard Fee 0.00 0.00 0.00 Other Fee 237~~28,~~118~~255.9588 ~~489,039.67~~Overcollateralization ~~68,667.31~~Increase ~~Pool~~Amt ~~Insurance Fee~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Release ~~Spread~~Amt ~~Fee 1~~ 0.00 ~~0.00~~Specified ~~0.00~~Overcollateralization ~~Spread~~Amt ~~Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,005,959.47 5,057,542.49 610,387.40 Realized Loss Amount 0.00~~ 10,~~828.13 0.00 Cumulative Realized Loss 0.00 10~~400,~~828~~000.~~13 0.~~00 ~~Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.537649 6.993228 6.601423~~

Group Level Collateral Statement Group Group 41 ~~Total~~Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed ~~& Arm~~ Weighted Average Coupon Rate 7.~~902510~~701451 8.040487 7.~~926412~~703967 Weighted Average Net Rate 7.~~602510~~401452 7.~~626412~~740487 7.403967 Weighted Average Maturity ~~348~~346 ~~348~~346 346 Beginning Loan Count 12,~~477~~367 105,~~012~~220 559 Loans Paid In Full 4139 ~~209~~157 17 Ending Loan Count 12,~~436~~328 95,~~803~~063 542 Beginning Scheduled Balance ~~294~~310,~~203~~001,~~643~~487.1505 1742,~~500~~349,~~752~~095.99 93,~~052~~917,095.3168 Ending scheduled Balance ~~284~~303,~~989~~574,~~626~~377.6955 1716,~~465~~027,~~779~~139.17 90,~~702~~899,086.2743 Record Date 0911/30/2003 0911/30/2003 11/30/2003 Principal And Interest Constant 2,~~148~~296,~~472~~060.4196 115,~~081~~500,~~927~~738.6369 691,043.72 Scheduled Principal ~~211~~306,~~016~~509.3679 1526,~~168~~698.41 88,~~945~~098.3654 Unscheduled Principal 96,~~003~~120,~~000~~599.1071 3325,~~803~~795,~~404~~258.6841 2,929,910.71 Scheduled Interest 1,~~937~~989,~~456~~551.0517 94,~~912~~974,~~982~~040.2728 602,945.18 Servicing Fees 7377,~~550~~500.7763 ~~375~~185,~~187~~587.6344 23,479.37 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~735~~775.7116 31,~~752~~856.6840 234.77 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~184~~227,~~928~~634.1387 ~~979~~466,~~754~~511.0640 65,984.36 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 1,~~863~~912,~~905~~050.2854 94,~~537~~788,~~794~~452.6484 579,465.81 Realized Loss Amount 0.00 1028,~~828~~255.1388 0.00 Cumulative Realized Loss 0.00 1052,~~828~~304.1395 50,621.90 Percentage of Cumulative Losses 0.000000 0.000063 0.0471 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~845224~~517289 6.~~840001~~983376 6.557870

Filing Compare · OPTION ONE MORT ACCEPTANCE CORP ASSET BACK CERT SER 2003 2