8-K 1 bsa03ac5_sep.txt SEPTEMBER 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): September 27, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-13 54-2126365 Pooling and Servicing Agreement) (Commission 54-2126366 (State or other File Number) 54-2126367 jurisdiction IRS EIN 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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2003-AC5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC5 Trust, relating to the September 27, 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC5 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: 9/23/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC5 Trust, relating to the September 27, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Asset~~Mortgage Pass-~~Backed~~Through Certificates Record Date: 28/2931/2004 Distribution Date: 39/2527/2004 BSA Series: 2003-AC5 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-1 07384YMA1 SEN 5.25000% ~~130~~106,~~616~~012,~~451~~801.6430 ~~571~~463,~~446~~806.9801 2,~~646~~943,~~082~~654.0815 A-2 07384YMB9 SEN 5.00000% ~~156~~127,~~987~~416,~~369~~344.3141 ~~654~~530,~~114~~901.0443 3,~~180~~537,~~315~~965.0367 A-3 07384YMC7 SEN 12.~~69000~~21500% 3932,~~716~~235,~~342~~148.0017 5559,~~933~~500.8571 ~~804~~895,~~590~~072.0836 A-4 07384YMD5 IO 65.~~31000~~78500% 0.00 ~~208~~155,~~841~~400.7728 0.00 A-5 07384YNA0 SEN 4.75000% ~~139~~113,~~946~~585,~~198~~144.1925 ~~553~~449,~~953~~607.7086 23,~~835~~153,~~087~~915.9416 M-1 07384YME3 MEZ 5.25000% 3730,~~106~~116,~~267~~722.9840 ~~162~~131,~~339~~760.9266 ~~751~~836,~~714~~250.1209 M-2 07384YMF0 MEZ 23.~~79000~~31500% 3226,~~983~~770,~~452~~504.9805 7481,~~130~~348.3187 ~~668~~743,~~192~~335.4375 B 07384YMG8 SUB 4.~~34000~~86500% 1210,~~369~~039,~~501~~512.1324 4344,~~245~~772.1504 ~~250~~278,~~586~~766.4782 C 07384YMM5 OC 0.00000% 24,~~447~~951,~~708~~784.7996 0.00 0.00 P 07384YML7 SEN 0.00000% 100.00 2432,~~469~~785.3326 0.00 R-1 07384YMN3 RES 0.00000% 0.00 0.00 0.00 R-2 07384YMP8 RES 0.00000% 0.00 0.00 0.00 R-3 07384YMQ6 RES 0.00000% 0.00 0.00 0.00 Totals ~~552~~451,~~173~~128,~~392~~061.0278 21,~~348~~949,~~475~~883.0512 1112,~~136~~388,~~568~~960.1500

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~127~~103,~~970~~069,~~369~~147.5615 3,~~217~~407,~~529~~460.0616 0.00 A-2 0.00 ~~153~~123,~~807~~878,~~054~~378.2775 34,~~834~~068,~~429~~867.0710 0.00 A-3 0.00 3831,~~911~~340,~~751~~075.9282 ~~860~~954,~~523~~573.9307 0.00 A-4 0.00 0.00 ~~208~~155,~~841~~400.7728 0.00 A-5 0.00 ~~137~~110,~~111~~431,~~110~~229.2509 3,~~389~~603,~~041~~523.6402 0.00 M-1 0.00 3629,~~354~~280,~~553~~472.8631 ~~914~~968,~~054~~010.0475 0.00 M-2 0.00 3226,~~315~~027,~~260~~168.5530 ~~742~~824,~~322~~684.7462 0.00 B 0.00 129,~~118~~760,~~914~~745.6642 ~~293~~323,~~831~~538.6286 0.00 C 0.00 25,~~910~~292,~~422~~272.6652 0.00 0.00 P 0.00 100.00 2432,~~469~~785.3326 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 Totals 0.00 ~~541~~439,~~499~~079,~~537~~589.7336 1314,~~485~~338,~~043~~843.2012 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-1 140,000,000.00 ~~130~~106,~~616~~012,~~451~~801.6430 0.00 2,~~646~~943,~~082~~654.0815 0.00 0.00 A-2 168,265,417.00 ~~156~~127,~~987~~416,~~369~~344.3141 0.00 3,~~180~~537,~~315~~965.0367 0.00 0.00 A-3 42,569,583.00 3932,~~716~~235,~~342~~148.0017 0.00 ~~804~~895,~~590~~072.0836 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 150,000,000.00 ~~139~~113,~~946~~585,~~198~~144.1925 0.00 23,~~835~~153,~~087~~915.9416 0.00 0.00 M-1 39,772,000.00 3730,~~106~~116,~~267~~722.9840 0.00 ~~751~~836,~~714~~250.1209 0.00 0.00 M-2 35,353,000.00 3226,~~983~~770,~~452~~504.9805 0.00 ~~668~~743,~~192~~335.4375 0.00 0.00 B 13,258,132.00 1210,~~369~~039,~~501~~512.1324 0.00 ~~250~~278,~~586~~766.4782 0.00 0.00 C 0.19 24,~~447~~951,~~708~~784.7996 0.00 0.00 0.00 0.00 P 100.00 100.00 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 Totals 589,218,232.19 ~~552~~451,~~173~~128,~~392~~061.0278 0.00 1112,~~136~~388,~~568~~960.1500 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 2,~~646~~943,~~082~~654.0815 ~~127~~103,~~970~~069,~~369~~147.5615 0.~~91407407~~73620819 2,~~646~~943,~~082~~654.0815 A-2 3,~~180~~537,~~315~~965.0367 ~~153~~123,~~807~~878,~~054~~378.2775 0.~~91407407~~73620819 3,~~180~~537,~~315~~965.0367 A-3 ~~804~~895,~~590~~072.0836 3831,~~911~~340,~~751~~075.9282 0.~~91407407~~73620819 ~~804~~895,~~590~~072.0836 A-4 0.00 0.00 0.00000000 0.00 A-5 23,~~835~~153,~~087~~915.9416 ~~137~~110,~~111~~431,~~110~~229.2509 0.~~91407407~~73620819 23,~~835~~153,~~087~~915.9416 M-1 ~~751~~836,~~714~~250.1209 3629,~~354~~280,~~553~~472.8631 0.~~91407407~~73620819 ~~751~~836,~~714~~250.1209 M-2 ~~668~~743,~~192~~335.4375 3226,~~315~~027,~~260~~168.5530 0.~~91407407~~73620819 ~~668~~743,~~192~~335.4375 B ~~250~~278,~~586~~766.4782 129,~~118~~760,~~914~~745.6642 0.~~91407407~~73620819 ~~250~~278,~~586~~766.4782 C 0.00 25,~~910~~292,~~422~~272.6652 ~~318~~854,~~014~~065.~~00000000~~89473680 0.00 P 0.00 100.00 1.00000000 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 Totals 1112,~~136~~388,~~568~~960.1500 ~~541~~439,~~499~~079,~~537~~589.7336 0.~~91901355~~74519009 1112,~~136~~388,~~568~~960.1500

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 140,000,000.00 ~~932~~757.~~97465457~~23429500 0.00000000 1821.~~90058629~~02610107 0.00000000 A-2 168,265,417.00 ~~932~~757.~~97465462~~23429497 0.00000000 1821.~~90058627~~02610110 0.00000000 A-3 42,569,583.00 ~~932~~757.~~97465470~~23429497 0.00000000 1821.~~90058636~~02610120 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 150,000,000.00 ~~932~~757.~~97465460~~23429500 0.00000000 1821.~~90058627~~02610107 0.00000000 M-1 39,772,000.00 ~~932~~757.~~97465503~~23429548 0.00000000 1821.~~90058634~~02610103 0.00000000 M-2 35,353,000.00 ~~932~~757.~~97465505~~23429553 0.00000000 1821.~~90058637~~02610104 0.00000000 B 13,258,132.00 ~~932~~757.~~97465510~~23429515 0.00000000 1821.~~90058645~~02610081 0.00000000 C 0.19 ~~882677842~~62026105.~~10530000~~26320000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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

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 1821.~~90058629~~02610107 ~~914~~736.~~07406829~~20819393 0.~~91407407~~73620819 1821.~~90058629~~02610107 A-2 0.00000000 1821.~~90058627~~02610110 ~~914~~736.~~07406829~~20819393 0.~~91407407~~73620819 1821.~~90058627~~02610110 A-3 0.00000000 1821.~~90058636~~02610120 ~~914~~736.~~07406833~~20819401 0.~~91407407~~73620819 1821.~~90058636~~02610120 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 1821.~~90058627~~02610107 ~~914~~736.~~07406833~~20819393 0.~~91407407~~73620819 1821.~~90058627~~02610107 M-1 0.00000000 1821.~~90058634~~02610103 ~~914~~736.~~07406869~~20819446 0.~~91407407~~73620819 1821.~~90058634~~02610103 M-2 0.00000000 1821.~~90058637~~02610104 ~~914~~736.~~07406868~~20819450 0.~~91407407~~73620819 1821.~~90058637~~02610104 B 0.00000000 1821.~~90058645~~02610081 ~~914~~736.~~07406865~~20819434 0.~~91407407~~73620819 1821.~~90058645~~02610081 C 0.00000000 0.~~00000001 5~~0000000054,~~318~~065,~~014,000~~894.~~00000000~~73680000 ~~15318014~~27854065.~~00000000~~89473680 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 (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-1 140,000,000.00 5.25000% ~~130~~106,~~616~~012,~~451~~801.6430 ~~571~~463,~~446~~806.9801 0.00 0.00 A-2 168,265,417.00 5.00000% ~~156~~127,~~987~~416,~~369~~344.3141 ~~654~~530,~~114~~901.0444 0.00 0.00 A-3 42,569,583.00 12.~~69000~~21500% 3932,~~716~~235,~~342~~148.0017 5559,~~933~~500.8571 0.00 0.00 A-4 0.00 65.~~31000~~78500% 3932,~~716~~235,~~342~~148.0017 ~~208~~155,~~841~~400.7628 0.00 0.00 A-5 150,000,000.00 4.75000% ~~139~~113,~~946~~585,~~198~~144.1925 ~~553~~449,~~953~~607.7086 0.00 0.00 M-1 39,772,000.00 5.25000% 3730,~~106~~116,~~267~~722.9840 ~~162~~131,~~339~~760.9266 0.00 0.00 M-2 35,353,000.00 23.~~79000~~31500% 3226,~~983~~770,~~452~~504.9805 7481,~~130~~348.3187 0.00 0.00 B 13,258,132.00 4.~~34000~~86500% 1210,~~369~~039,~~501~~512.1324 4344,~~245~~772.1504 0.00 0.00 C 0.19 0.00000% 24,~~447~~951,~~708~~784.7996 0.00 0.00 0.00 P 100.00 0.00000% 100.00 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 Totals 589,218,232.19 21,~~324~~917,~~005~~097.7187 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 ~~571~~463,~~446~~806.9801 0.00 ~~127~~103,~~970~~069,~~369~~147.5615 A-2 0.00 0.00 ~~654~~530,~~114~~901.0443 0.00 ~~153~~123,~~807~~878,~~054~~378.2775 A-3 0.00 0.00 5559,~~933~~500.8571 0.00 3831,~~911~~340,~~751~~075.9282 A-4 0.00 0.00 ~~208~~155,~~841~~400.7728 0.00 3831,~~911~~340,~~751~~075.9282 A-5 0.00 0.00 ~~553~~449,~~953~~607.7086 0.00 ~~137~~110,~~111~~431,~~110~~229.2509 M-1 0.00 0.00 ~~162~~131,~~339~~760.9266 0.00 3629,~~354~~280,~~553~~472.8631 M-2 0.00 0.00 7481,~~130~~348.3187 0.00 3226,~~315~~027,~~260~~168.5530 B 0.00 0.00 4344,~~245~~772.1504 0.00 129,~~118~~760,~~914~~745.6642 C 0.00 0.00 0.00 0.00 25,~~910~~292,~~422~~272.6652 P 0.00 0.00 2432,~~469~~785.3326 0.00 100.00 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 Totals 0.00 0.00 21,~~348~~949,~~475~~883.0512 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-1 140,000,000.00 5.25000% ~~932~~757.~~97465457~~23429500 43.~~08176414~~31290007 0.00000000 0.00000000 A-2 168,265,417.00 5.00000% ~~932~~757.~~97465462~~23429497 3.~~88739440~~15514293 0.00000000 0.00000000 A-3 42,569,583.00 12.~~69000~~21500% ~~932~~757.~~97465470~~23429497 1.~~31393934~~39772828 0.00000000 0.00000000 A-4 0.00 65.~~31000~~78500% ~~932~~757.~~97465470~~23429497 43.~~90589161~~65050041 0.00000000 0.00000000 A-5 150,000,000.00 4.75000% ~~932~~757.~~97465460~~23429500 32.~~69302467~~99738573 0.00000000 0.00000000 M-1 39,772,000.00 5.25000% ~~932~~757.~~97465503~~23429548 43.~~08176406~~31290003 0.00000000 0.00000000 M-2 35,353,000.00 23.~~79000~~31500% ~~932~~757.~~97465505~~23429553 2.~~09686052~~30104574 0.00000000 0.00000000 B 13,258,132.00 4.~~34000~~86500% ~~932~~757.~~97465510~~23429515 3.~~26178303~~37694933 0.00000000 0.00000000 C 0.19 0.00000% ~~882677842~~62026105.~~10530000~~26320000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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 (5) Per $1 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 43.~~08176414~~31290007 0.00000000 ~~914~~736.~~07406829~~20819393 A-2 0.00000000 0.00000000 3.~~88739440~~15514287 0.00000000 ~~914~~736.~~07406829~~20819393 A-3 0.00000000 0.00000000 1.~~31393934~~39772828 0.00000000 ~~914~~736.~~07406833~~20819401 A-4 0.00000000 0.00000000 43.~~90589184~~65050041 0.00000000 ~~914~~736.~~07406833~~20819401 A-5 0.00000000 0.00000000 32.~~69302467~~99738573 0.00000000 ~~914~~736.~~07406833~~20819393 M-1 0.00000000 0.00000000 43.~~08176406~~31290003 0.00000000 ~~914~~736.~~07406869~~20819446 M-2 0.00000000 0.00000000 2.~~09686052~~30104574 0.00000000 ~~914~~736.~~07406868~~20819450 B 0.00000000 0.00000000 3.~~26178303~~37694933 0.00000000 ~~914~~736.~~07406865~~20819434 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~318014000~~854065894.~~00000000~~73680000 P 0.00000000 0.00000000 ~~244693~~327852.~~30000000~~60000000 0.00000000 1000.00000000 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 (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 1314,~~596~~419,~~672~~468.7812 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~105~~45,~~873~~855.8871 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1314,~~702~~465,~~546~~323.6683 Withdrawals Reimbursement for Servicer Advances ~~102~~32,~~467~~495.3672 Payment of Service Fee ~~115~~93,~~036~~984.1099 Payment of Interest and Principal 1314,~~485~~338,~~043~~843.2012 Total Withdrawals (Pool Distribution Amount) 1314,~~702~~465,~~546~~323.6683 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~115~~93,~~036~~984.1099 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~115~~93,~~036~~984.1099

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 28 0 0 28 ~~199~~1,~~417~~419,659.8584 0.00 0.00 ~~199~~1,~~417~~419,659.8584 30 Days 6519 0 0 0 6519 123,~~956~~959,~~549~~393.1726 0.00 0.00 0.00 123,~~956~~959,~~549~~393.1726 60 Days 103 0 0 0 103 1866,~~012,893~~637.9515 0.00 0.00 0.00 1866,~~012,893~~637.9515 90 Days 71 0 01 0 72 1154,~~118,545~~822.4234 0.00 061,199.0075 0.00 1216,~~118,545~~022.4209 120 Days 31 0 01 0 32 ~~723~~49,~~182~~310.4638 0.00 043,755.0085 0.00 ~~723~~93,~~182~~066.4623 150 Days 31 0 1 0 41 ~~753~~2 179,~~228~~642.7828 0.00 ~~136,343.09~~ 0.00 ~~889~~212,~~571~~053.8768 391,695.96 180+ Days 1 0 04 02 17 74118,~~213~~684.1041 0.00 0829,213.0002 0443,847.0004 741,~~213~~391,744.1047 Totals 8926 28 16 03 9243 165,~~638~~328,~~612~~489.8882 ~~199~~1,~~417~~419,659.8584 ~~136~~934,~~343~~168.0962 0655,900.0072 168,~~974~~338,~~373~~219.8200 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.~~068166~~324281% 0.000000% 0.000000% 0.~~068166~~324281% 0.~~036785~~322938% 0.000000% 0.000000% 0.~~036785~~322938% 30 Days 20.~~215406~~770166% 0.000000% 0.000000% 0.000000% 20.~~215406~~770166% 20.~~389989~~900666% 0.000000% 0.000000% 0.000000% 20.~~389989~~900666% 60 Days 0.~~340832~~121605% 0.000000% 0.000000% 0.000000% 0.~~340832~~121605% 0.~~186840~~197139% 0.000000% 0.000000% 0.000000% 0.~~186840~~197139% 90 Days 0.~~238582~~040535% 0.000000% 0.~~000000~~040535% 0.000000% 0.~~238582~~081070% 0.~~206329~~035218% 0.000000% 0.~~000000~~013921% 0.000000% 0.~~206329~~049140% 120 Days 0.~~102249~~040535% 0.000000% 0.~~000000~~040535% 0.000000% 0.~~102249~~081070% 0.~~133400~~011217% 0.000000% 0.~~000000~~009953% 0.000000% 0.~~133400~~021170% 150 Days 0.~~102249~~040535% 0.000000% 0.~~034083~~000000% 0.~~000000~~040535% 0.~~136333~~081070% 0.~~138942~~040864% 0.000000% 0.~~025150~~000000% 0.~~000000~~048237% 0.~~164092~~089101% 180+ Days 0.~~034083~~040535% 0.000000% 0.~~000000~~162140% 0.~~000000~~081070% 0.~~034083~~283745% 0.~~013689~~026998% 0.000000% 0.~~000000~~188626% 0.~~000000~~100964% 0.~~013689~~316588% Totals 31.~~033401~~053912% 0.~~068166~~324281% 0.~~034083~~243210% 0.~~000000~~121605% 31.~~135651~~743008% 31.~~069190~~212103% 0.~~036785~~322938% 0.~~025150~~212501% 0.~~000000~~149202% 31.~~131125~~896743%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~105~~45,~~873~~855.8871

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~306185~~255175% Weighted Average Net Coupon 6.~~056185~~005175% Weighted Average Pass-Through Rate 6.~~056185~~005175% Weighted Average Maturity(Stepdown Calculation ) ~~329~~323 Beginning Scheduled Collateral Loan Count 2,~~974~~527 Number Of Loans Paid In Full 4060 Ending Scheduled Collateral Loan Count 2,~~934~~467 Beginning Scheduled Collateral Balance ~~552~~451,~~173~~127,~~292~~961.0279 Ending Scheduled Collateral Balance ~~541~~439,~~499~~079,~~437~~489.7534 Ending Actual Collateral Balance at 2931-~~Feb~~Aug-2004 ~~542~~439,~~117~~607,~~451~~165.9721 Monthly P &I Constant 32,~~597~~961,~~493~~561.5497 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 ~~541~~439,~~499~~079,~~437~~489.7534 Scheduled Principal ~~695~~609,~~737~~991.8556 Unscheduled Principal 911,~~978~~438,~~116~~480.4289 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~462~~340,~~713~~487.8756 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,365,227.00 Overcollateralized Amount 25,~~910~~292,~~422~~272.6652 Overcollateralized Deficiency Amount 42,~~454~~072,~~804~~954.3448 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~462~~340,~~713~~487.8756 Excess Cash Amount ~~487~~373,~~183~~272.2182

Miscellaneous Reporting Net WAC Rate Carryover Amount Class A-1 0.00 Net WAC Rate Carryover Amount Class A-2 0.00 Net WAC Rate Carryover Amount Class A-3 0.00 Net WAC Rate Carryover Amount Class A-4 0.00 Net WAC Rate Carryover Amount Class A-5 0.00 Net WAC Rate Carryover Amount Class B 0.00 Net WAC Rate Carryover Amount Class M-1 0.00 Net WAC Rate Carryover Amount Class M-2 0.00 Three month rolling average 0.~~007952~~005846%

Filing Compare · ASSET-BACKED CERTIFICATES SERIES 2003-AC5