8-K 1 ahm03001_aug.txt AUGUST 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): August 25, 2004 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-13 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of AMERICAN HOME MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, Series 2003-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2003-1 Trust, relating to the August 25, 2004 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. AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2003-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/1/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2003-1 Trust, relating to the August 25, 2004 distribution. EX-99.1

AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage Pass-~~Backed~~Through ~~Notes~~Certificates Record Date: 27/2931/~~2004~~04 Distribution Date: 38/25/~~2004~~04 AHM Series: 2003-1 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 02660TAA1 SEN 1.~~49000~~85000% ~~194~~178,~~972~~920,~~810~~744.8279 ~~234~~275,~~021~~836.5414 35,~~252~~358,~~399~~648.3029 M-1 02660TAB9 MEZ 12.~~79000~~15000% 1110,~~156~~237,~~459~~950.0034 1618,~~086~~342.99 ~~186~~306,~~104~~625.2001 M-2 02660TAC7 MEZ 2.~~49000~~85000% 65,~~375~~850,~~077~~218.2059 1213,~~787~~894.3427 ~~106~~175,~~344~~213.5513 OT AHM0301OT OT 0.00000% 0.00 0219,882.0046 0.00 Totals ~~212~~195,~~504~~008,~~347~~913.0272 ~~262~~527,~~895~~955.8786 35,~~544~~840,~~848~~486.0543

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~191~~173,~~720~~562,~~411~~096.5350 35,~~486~~634,~~420~~484.8443 0.00 M-1 0.00 109,~~970~~931,~~354~~325.8033 ~~202~~324,~~191~~968.1900 0.00 M-2 0.00 65,~~268~~675,~~732~~005.6545 ~~119~~189,~~131~~107.8940 0.00 OT 0.00 0.00 0219,882.0046 0.00 Totals 0.00 ~~208~~189,~~959~~168,~~498~~427.9828 36,~~807~~368,~~743~~442.9229 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 197,860,600.00 ~~194~~178,~~972~~920,~~810~~744.8279 0.00 35,~~252~~358,~~399~~648.3029 0.00 0.00 M-1 11,321,700.00 1110,~~156~~237,~~459~~950.0034 0.00 ~~186~~306,~~104~~625.2001 0.00 0.00 M-2 6,469,500.00 65,~~375~~850,~~077~~218.2059 0.00 ~~106~~175,~~344~~213.5513 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 215,651,800.00 ~~212~~195,~~504~~008,~~347~~913.0272 0.00 35,~~544~~840,~~848~~486.0543 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 35,~~252~~358,~~399~~648.3029 ~~191~~173,~~720~~562,~~411~~096.5350 0.~~96896710~~87719382 35,~~252~~358,~~399~~648.3029 M-1 ~~186~~306,~~104~~625.2001 109,~~970~~931,~~354~~325.8033 0.~~96896710~~87719383 ~~186~~306,~~104~~625.2001 M-2 ~~106~~175,~~344~~213.5513 65,~~268~~675,~~732~~005.6545 0.~~96896710~~87719382 ~~106~~175,~~344~~213.5513 OT 0.00 0.00 0.00000000 0.00 Totals 35,~~544~~840,~~848~~486.0543 ~~208~~189,~~959~~168,~~498~~427.9828 0.~~96896710~~87719382 35,~~544~~840,~~848~~486.0543

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 197,860,600.00 ~~985~~904.~~40493064~~27677259 0.00000000 1627.~~43783199~~08294774 0.00000000 M-1 11,321,700.00 ~~985~~904.~~40493035~~27677292 0.00000000 1627.~~43783177~~08294779 0.00000000 M-2 6,469,500.00 ~~985~~904.~~40493083~~27677409 0.00000000 1627.~~43783136~~08294768 0.00000000 OT 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 A 0.00000000 1627.~~43783199~~08294774 ~~968~~877.~~96709870~~19382484 0.~~96896710~~87719382 1627.~~43783199~~08294774 M-1 0.00000000 1627.~~43783177~~08294779 ~~968~~877.~~96709858~~19382513 0.~~96896710~~87719383 1627.~~43783177~~08294779 M-2 0.00000000 1627.~~43783136~~08294768 ~~968~~877.~~96709947~~19382487 0.~~96896710~~87719382 1627.~~43783136~~08294768 OT 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 197,860,600.00 1.~~49000~~85000% ~~194~~178,~~972~~920,~~810~~744.8279 ~~234~~275,~~021~~836.5315 0.00 0.00 M-1 11,321,700.00 12.~~79000~~15000% 1110,~~156~~237,~~459~~950.0034 1618,~~086~~342.99 0.00 0.00 M-2 6,469,500.00 2.~~49000~~85000% 65,~~375~~850,~~077~~218.2059 1213,~~787~~894.3427 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 215,651,800.00 ~~262~~308,~~895~~073.8641 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 0.0001 0.00 ~~234~~275,~~021~~836.5414 0.00 ~~191~~173,~~720~~562,~~411~~096.5350 M-1 0.00 0.00 1618,~~086~~342.99 0.00 109,~~970~~931,~~354~~325.8033 M-2 0.00 0.00 1213,~~787~~894.3427 0.00 65,~~268~~675,~~732~~005.6545 OT 0.00 0.00 0219,882.0046 0.00 0.00 Totals 0.0001 0.00 ~~262~~527,~~895~~955.8786 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 197,860,600.00 1.~~49000~~85000% ~~985~~904.~~40493064~~27677259 1.~~18275963~~39409337 0.00000000 0.00000000 M-1 11,321,700.00 12.~~79000~~15000% ~~985~~904.~~40493035~~27677292 1.~~42089880~~62016217 0.00000000 0.00000000 M-2 6,469,500.00 2.~~49000~~85000% ~~985~~904.~~40493083~~27677409 12.~~97655769~~14765747 0.00000000 0.00000000 OT 0.00 0.00000% 0.00000000 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 A 0.~~00000000~~00000005 0.00000000 1.~~18275968~~39409332 0.00000000 ~~968~~877.~~96709870~~19382484 M-1 0.00000000 0.00000000 1.~~42089880~~62016217 0.00000000 ~~968~~877.~~96709858~~19382513 M-2 0.00000000 0.00000000 12.~~97655769~~14765747 0.00000000 ~~968~~877.~~96709947~~19382487 OT 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 36,~~879~~426,~~383~~515.6116 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~728~~5,655.2545 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 36,~~880~~432,~~111~~170.8661 Withdrawals Reimbursement for Servicer Advances ~~3,219~~0.4600 Payment of Service Fee 6963,~~148~~728.4832 Payment of Interest and Principal 36,~~807~~368,~~743~~442.9229 Total Withdrawals (Pool Distribution Amount) 36,~~880~~432,~~111~~170.8661 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6661,~~488~~277.9224 Indenture Trustee Fee ~~886~~817.5202 Master Servicing Fee 1,~~773~~634.0406 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6963,~~148~~728.4832

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 26 0 0 0 26 ~~279~~1,~~650~~927,282.0017 0.00 0.00 0.00 ~~279~~1,~~650~~927,282.0017 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 26 0 0 0 26 ~~279~~1,~~650~~927,282.0017 0.00 0.00 0.00 ~~279~~1,~~650~~927,282.0017 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 01.~~353982~~158301% 0.000000% 0.000000% 0.000000% 01.~~353982~~158301% 01.~~133484~~013044% 0.000000% 0.000000% 0.000000% 01.~~133484~~013044% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~353982~~158301% 0.000000% 0.000000% 0.000000% 01.~~353982~~158301% 01.~~133484~~013044% 0.000000% 0.000000% 0.000000% 01.~~133484~~013044%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~728~~5,655.2545

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~453891~~620946% Weighted Average Net Coupon 3.~~078891~~245946% Weighted Average Pass-Through Rate 3.~~063891~~230946% Weighted Average Maturity(Stepdown Calculation ) ~~352~~347 Beginning Scheduled Collateral Loan Count ~~572~~532 Number Of Loans Paid In Full 714 Ending Scheduled Collateral Loan Count ~~565~~518 Beginning Scheduled Collateral Balance ~~212~~196,~~764~~087,~~538~~173.6521 Ending Scheduled Collateral Balance ~~209~~190,~~500~~246,~~034~~686.2778 Ending Actual Collateral Balance at 2931-~~Feb~~Jul-2004 ~~209~~190,~~500~~246,~~034~~686.2778 Monthly P &I Constant ~~612~~591,~~388~~684.0120 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~209~~190,~~500~~246,~~034~~686.2778 Scheduled Principal 0.00 Unscheduled Principal 35,~~264~~840,~~504~~486.3843 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,078,259.50 Overcollateralized Amount ~~540~~1,~~535~~078,259.2950 Overcollateralized Deficiency Amount ~~537,724~~0.2000 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~280,343~~0.6700 Excess Cash Amount 0219,882.0046

Filing Compare · SAMI II AMERICAN HOME MTG BACK NTS SER 2003-1