8-K 1 prm03001_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 27, 2004 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-31 Pooling and Servicing Agreement) (Commission 54-2116958 (State or other File Number) 54-2126959 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 December 27, 2004 a distribution was made to holders of PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, 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 Pass-Through Certificates, Series 2003-1 Trust, relating to the December 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, 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: 1/5/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the December 27, 2004 distribution. EX-99.1

Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~PRM~~Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates 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-1 74160MAA0 SEN 4.75000% 0.00 0.00 0.00 A-2 74160MAB8 SEN 2.~~43250~~68000% 65,~~174~~933,~~890~~131.9381 1213,~~517~~250.0266 ~~241~~204,~~759~~927.1126 A-3 74160MAC6 SEN 0.75000% 0.00 2019,~~664~~855.7265 0.00 A-4 74160MAD4 SEN 5.~~56750~~32000% 0.00 2826,~~648~~303.9255 0.00 A-5 74160MAE2 SEN 4.75000% 5351,~~646~~546,~~520~~153.3162 ~~212~~204,~~350~~036.7986 21,~~100~~780,~~366~~377.7007 A-6 74160MAF9 SEN 5.50000% 1210,~~923~~201,~~774~~966.1642 5946,~~233~~759.9601 2,~~721~~407,~~807~~050.7434 A-7 74160MAG7 SEN 5.00000% 70,775,143.00 294,896.4143 0.00 A-8 74160MAH5 SEN 2.~~50250~~75000% 11,795,857.00 2427,~~599~~032.2717 0.00 A-9 74160MAJ1 SEN 5.~~99750~~75000% 0.00 5856,~~954~~521.7181 0.00 A-10 74160MAK8 SEN 5.50000% ~~117,865~~0.0800 ~~540~~0.2100 ~~117,865~~0.0800 A-11 74160MAL6 SEN 5.45000% 13,375,000.00 60,744.79 0.00 A-12 74160MAM4 SEN 3.~~04000~~19000% 0.00 0.00 0.00 A-13 74160MAN2 SEN 10.~~91200~~58200% 0.00 0.00 0.00 A-14 74160MAW2 SEN 0.25000% 0.00 3,270.83 0.00 A-15 74160MAX0 SEN 5.25000% 15,700,000.00 68,687.4950 0.00 PO 74160MAP7 PO 0.00000% ~~551~~550,~~262~~254.3750 0.00 12,~~007~~305.8767 X 74160MAQ5 SEN 0.~~21795~~21578% 0.00 3534,~~500~~212.5207 0.00 R-I PRM0301R1 SEN 5.50000% 0.00 0.00 0.00 R-II PRM0301R2 SEN 5.50000% 0.00 0.00 0.00 B-1 74160MAT9 SUB 5.50000% 5,~~283~~277,~~398~~061.1017 24,~~215~~186.5753 6,~~336~~383.9290 B-2 74160MAU6 SUB 5.50000% 1,~~874~~872,~~944~~695.0625 8,~~593~~583.4919 2,~~248~~265.8148 B-3 74160MAV4 SUB 5.50000% 1,~~363~~362,~~774~~138.0735 6,~~250~~243.6313 1,~~635~~647.7184 B-4 74160MAY8 SUB 5.50000% 681,~~887~~069.0318 3,~~125~~121.3257 ~~817~~823.8692 B-5 74160MAZ5 SUB 5.50000% ~~511~~510,~~169~~556.9989 2,~~342~~340.8605 ~~613~~617.1064 B-6 74160MBA9 SUB 5.50000% ~~682~~681,~~633~~814.7499 3,~~128~~124.7499 ~~818~~824.7582 Totals ~~195~~190,~~458~~262,~~119~~842.8418 ~~928~~903,~~266~~170.2579 54,~~195~~407,~~277~~223.6594

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 0.00 0.00 A-2 0.00 5,~~933~~728,~~131~~204.8156 ~~254~~218,~~276~~177.1392 0.00 A-3 0.00 0.00 2019,~~664~~855.7265 0.00 A-4 0.00 0.00 2826,~~648~~303.9255 0.00 A-5 0.00 5149,~~546~~765,~~153~~776.6255 21,~~312~~984,~~717~~413.4993 0.00 A-6 0.00 107,~~201~~794,~~966~~916.4209 2,~~781~~453,~~041~~809.7035 0.00 A-7 0.00 70,775,143.00 294,896.4143 0.00 A-8 0.00 11,795,857.00 2427,~~599~~032.2717 0.00 A-9 0.00 0.00 5856,~~954~~521.7181 0.00 A-10 0.00 0.00 ~~118,405~~0.2900 0.00 A-11 0.00 13,375,000.00 60,744.79 0.00 A-12 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 A-15 0.00 15,700,000.00 68,687.4950 0.00 PO 0.00 ~~550~~547,~~254~~948.5083 12,~~007~~305.8767 0.00 X 0.00 0.00 3534,~~500~~212.5207 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 5,~~277~~270,~~061~~677.1728 30,~~552~~570.4943 0.00 B-2 0.00 1,~~872~~870,~~695~~429.2576 10,~~842~~848.3067 0.00 B-3 0.00 1,~~362~~360,~~138~~490.3551 7,~~886~~890.3497 0.00 B-4 0.00 ~~681~~680,~~069~~245.1826 3,~~943~~945.1849 0.00 B-5 0.00 ~~510~~509,~~556~~939.8925 2,~~955~~957.9669 0.00 B-6 0.00 ~~681~~680,~~814~~990.9916 3,~~947~~949.4981 0.00 Totals 0.00 ~~190~~185,~~262~~855,~~842~~618.1825 65,~~123~~310,~~543~~394.9073 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 4,750,000.00 0.00 0.00 0.00 0.00 0.00 A-2 13,250,000.00 65,~~174~~933,~~890~~131.9381 10,~~324~~121.8844 ~~231~~194,~~434~~805.2481 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 110,364,000.00 5351,~~646~~546,~~520~~153.3162 8987,~~700~~933.9957 21,~~010~~692,~~665~~443.7150 0.00 0.00 A-6 23,373,000.00 1210,~~923~~201,~~774~~966.1642 ~~116~~118,~~241~~885.0622 2,~~605~~288,~~566~~165.6811 0.00 0.00 A-7 70,775,143.00 70,775,143.00 0.00 0.00 0.00 0.00 A-8 11,795,857.00 11,795,857.00 0.00 0.00 0.00 0.00 A-9 0.00 0.00 0.00 0.00 0.00 0.00 A-10 50,000,000.00 ~~117,865~~0.0800 ~~5,033~~0.7000 ~~112,831~~0.3800 0.00 0.00 A-11 13,375,000.00 13,375,000.00 0.00 0.00 0.00 0.00 A-12 15,655,750.00 0.00 0.00 0.00 0.00 0.00 A-13 7,116,250.00 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 0.00 0.00 0.00 0.00 A-15 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 PO 699,845.00 ~~551~~550,~~262~~254.3750 ~~988~~992.2891 191,312.5976 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5,~~283~~277,~~398~~061.1017 6,~~336~~383.9290 0.00 0.00 0.00 B-2 1,911,000.00 1,~~874~~872,~~944~~695.0625 2,~~248~~265.8148 0.00 0.00 0.00 B-3 1,390,000.00 1,~~363~~362,~~774~~138.0735 1,~~635~~647.7184 0.00 0.00 0.00 B-4 695,000.00 681,~~887~~069.0318 ~~817~~823.8692 0.00 0.00 0.00 B-5 521,000.00 ~~511~~510,~~169~~556.9989 ~~613~~617.1064 0.00 0.00 0.00 B-6 695,761.00 ~~682~~681,~~633~~814.7499 ~~818~~824.7582 0.00 0.00 0.00 Totals 347,452,706.00 ~~195~~190,~~458~~262,~~119~~842.8418 ~~234~~230,~~760~~496.0674 4,~~960~~176,~~517~~727.6018 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 0.00 0.00 0.00000000 0.00 A-2 ~~241~~204,~~759~~927.1126 5,~~933~~728,~~131~~204.8156 0.~~44778353~~43231733 ~~241~~204,~~759~~927.1126 A-3 0.00 0.00 0.00000000 0.00 A-4 0.00 0.00 0.00000000 0.00 A-5 21,~~100~~780,~~366~~377.7007 5149,~~546~~765,~~153~~776.6255 0.~~46705587~~45092400 21,~~100~~780,~~366~~377.7007 A-6 2,~~721~~407,~~807~~050.7434 107,~~201~~794,~~966~~916.4209 0.~~43648511~~33350088 2,~~721~~407,~~807~~050.7434 A-7 0.00 70,775,143.00 1.00000000 0.00 A-8 0.00 11,795,857.00 1.00000000 0.00 A-9 0.00 0.00 0.00000000 0.00 A-10 ~~117,865~~0.0800 0.00 0.00000000 ~~117,865~~0.0800 A-11 0.00 13,375,000.00 1.00000000 0.00 A-12 0.00 0.00 0.00000000 0.00 A-13 0.00 0.00 0.00000000 0.00 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 15,700,000.00 1.00000000 0.00 PO 12,~~007~~305.8767 ~~550~~547,~~254~~948.5083 0.~~78625196~~78295741 12,~~007~~305.8767 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 6,~~336~~383.9290 5,~~277~~270,~~061~~677.1728 0.~~97995565~~97877015 6,~~336~~383.9290 B-2 2,~~248~~265.8148 1,~~872~~870,~~695~~429.2576 0.~~97995565~~97877015 2,~~248~~265.8148 B-3 1,~~635~~647.7184 1,~~362~~360,~~138~~490.3551 0.~~97995565~~97877015 1,~~635~~647.7184 B-4 ~~817~~823.8692 ~~681~~680,~~069~~245.1826 0.~~97995565~~97877016 ~~817~~823.8692 B-5 ~~613~~617.1064 ~~510~~509,~~556~~939.8925 0.~~97995564~~97877015 ~~613~~617.1064 B-6 ~~818~~824.7582 ~~681~~680,~~814~~990.9916 0.~~97995575~~97877024 ~~818~~824.7582 Totals 54,~~195~~407,~~277~~223.6594 ~~190~~185,~~262~~855,~~842~~618.1825 0.~~54759350~~53490911 54,~~195~~407,~~277~~223.6594

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 4,750,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 ~~466~~447.~~02950415~~78353283 0.~~77923623~~76388226 1714.~~46673509~~70232528 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 110,364,000.00 ~~486~~467.~~08713267~~05586622 0.~~81277400~~79675954 1815.~~21849253~~33510474 0.00000000 A-6 23,373,000.00 ~~552~~436.~~93604415~~48510760 45.~~97330510~~08643392 ~~111~~97.~~47763146~~89779275 0.00000000 A-7 70,775,143.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 11,795,857.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-10 50,000,000.00 20.~~35730160~~00000000 0.~~10067400~~00000000 20.~~25662760~~00000000 0.00000000 A-11 13,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 15,655,750.00 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-15 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 PO 699,845.00 ~~787~~786.~~69208896~~25195579 1.~~41214126~~41875701 01.~~02799191~~87578678 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 ~~981~~979.~~13242340~~95564903 1.~~17677252~~18549675 0.00000000 0.00000000 B-2 1,911,000.00 ~~981~~979.~~13242282~~95565149 1.~~17677132~~18549451 0.00000000 0.00000000 B-3 1,390,000.00 ~~981~~979.~~13242446~~95564748 1.~~17676978~~18549640 0.00000000 0.00000000 B-4 695,000.00 ~~981~~979.~~13241727~~95565468 1.~~17677698~~18549640 0.00000000 0.00000000 B-5 521,000.00 ~~981~~979.~~13241843~~95564299 1.~~17677543~~18548944 0.00000000 0.00000000 B-6 695,761.00 ~~981~~979.~~13251533~~95574630 1.~~17676903~~18549329 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 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 1815.~~24597057~~46620830 ~~447~~432.~~78353283~~31732528 0.~~44778353~~43231733 1815.~~24597057~~46620830 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 1916.~~03126654~~13186429 ~~467~~450.~~05586622~~92400194 0.~~46705587~~45092400 1916.~~03126654~~13186429 A-6 0.00000000 ~~116~~102.~~45093655~~98422710 ~~436~~333.~~48510760~~50088093 0.~~43648511~~33350088 ~~116~~102.~~45093655~~98422710 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-10 0.00000000 20.~~35730160~~00000000 0.00000000 0.00000000 20.~~35730160~~00000000 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 PO 0.00000000 13.~~44013317~~29454379 ~~786~~782.~~25195579~~95741200 0.~~78625196~~78295741 13.~~44013317~~29454379 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~17677252~~18549675 ~~979~~978.~~95564903~~77015413 0.~~97995565~~97877015 1.~~17677252~~18549675 B-2 0.00000000 1.~~17677132~~18549451 ~~979~~978.~~95565149~~77015175 0.~~97995565~~97877015 1.~~17677132~~18549451 B-3 0.00000000 1.~~17676978~~18549640 ~~979~~978.~~95564748~~77015108 0.~~97995565~~97877015 1.~~17676978~~18549640 B-4 0.00000000 1.~~17677698~~18549640 ~~979~~978.~~95565468~~77015827 0.~~97995565~~97877016 1.~~17677698~~18549640 B-5 0.00000000 1.~~17677543~~18548944 ~~979~~978.~~95564299~~77015355 0.~~97995564~~97877015 1.~~17677543~~18548944 B-6 0.00000000 1.~~17676903~~18549329 ~~979~~978.~~95574630~~77023863 0.~~97995575~~97877024 1.~~17676903~~18549329 (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 4,750,000.00 4.75000% 0.00 0.00 0.00 0.00 A-2 13,250,000.00 2.~~43250~~68000% 65,~~174~~933,~~890~~131.9381 1213,~~517~~250.0266 0.00 0.00 A-3 0.00 0.75000% 3331,~~063~~769,~~550~~047.4043 2019,~~664~~855.7265 0.00 0.00 A-4 0.00 5.~~56750~~32000% 65,~~174~~933,~~890~~131.9381 2826,~~648~~303.9255 0.00 0.00 A-5 110,364,000.00 4.75000% 5351,~~646~~546,~~520~~153.3162 ~~212~~204,~~350~~036.8186 0.00 0.00 A-6 23,373,000.00 5.50000% 1210,~~923~~201,~~774~~966.1642 5946,~~233~~759.9601 0.00 0.00 A-7 70,775,143.00 5.00000% 70,775,143.00 294,896.43 0.00 0.00 A-8 11,795,857.00 2.~~50250~~75000% 11,795,857.00 2427,~~599~~032.2817 0.00 0.00 A-9 0.00 5.~~99750~~75000% 11,795,857.00 5856,~~954~~521.7181 0.00 0.00 A-10 50,000,000.00 5.50000% ~~117,865~~0.0800 ~~540~~0.2100 0.00 0.00 A-11 13,375,000.00 5.45000% 13,375,000.00 60,744.79 0.00 0.00 A-12 15,655,750.00 3.~~04000~~19000% 0.00 0.00 0.00 0.00 A-13 7,116,250.00 10.~~91200~~58200% 0.00 0.00 0.00 0.00 A-14 0.00 0.25000% 15,700,000.00 3,270.83 0.00 0.00 A-15 15,700,000.00 5.25000% 15,700,000.00 68,687.50 0.00 0.00 PO 699,845.00 0.00000% ~~551~~550,~~262~~254.3750 0.00 0.00 0.00 X 0.00 0.~~21795~~21578% ~~195~~190,~~458~~262,~~119~~842.8318 3534,~~500~~212.5207 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5.50000% 5,~~283~~277,~~398~~061.1017 24,~~215~~186.5753 0.00 0.00 B-2 1,911,000.00 5.50000% 1,~~874~~872,~~944~~695.0625 8,~~593~~583.4919 0.00 0.00 B-3 1,390,000.00 5.50000% 1,~~363~~362,~~774~~138.0735 6,~~250~~243.6313 0.00 0.00 B-4 695,000.00 5.50000% 681,~~887~~069.0318 3,~~125~~121.3257 0.00 0.00 B-5 521,000.00 5.50000% ~~511~~510,~~169~~556.9989 2,~~342~~340.8605 0.00 0.00 B-6 695,761.00 5.50000% ~~682~~681,~~633~~814.7499 3,~~128~~124.7499 0.00 0.00 Totals 347,452,706.00 ~~928~~903,~~266~~170.3179 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 0.00 0.00 0.00 A-2 0.00 0.00 1213,~~517~~250.0266 0.00 5,~~933~~728,~~131~~204.8156 A-3 0.00 0.00 2019,~~664~~855.7265 0.00 3130,~~769~~671,~~047~~761.4322 A-4 0.00 0.00 2826,~~648~~303.9255 0.00 5,~~933~~728,~~131~~204.8156 A-5 0.0200 0.00 ~~212~~204,~~350~~036.7986 0.00 5149,~~546~~765,~~153~~776.6255 A-6 0.00 0.00 5946,~~233~~759.9601 0.00 107,~~201~~794,~~966~~916.4209 A-7 0.0200 0.00 294,896.4143 0.00 70,775,143.00 A-8 0.00 0.00 2427,~~599~~032.2717 0.00 11,795,857.00 A-9 0.00 0.00 5856,~~954~~521.7181 0.00 11,795,857.00 A-10 0.00 0.00 ~~540~~0.2100 0.00 0.00 A-11 0.00 0.00 60,744.79 0.00 13,375,000.00 A-12 0.00 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 15,700,000.00 A-15 0.0100 0.00 68,687.4950 0.00 15,700,000.00 PO 0.00 0.00 0.00 0.00 ~~550~~547,~~254~~948.5083 X 0.00 0.00 3534,~~500~~212.5207 0.00 ~~190~~185,~~262~~855,~~842~~618.1825 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 24,~~215~~186.5753 0.00 5,~~277~~270,~~061~~677.1728 B-2 0.00 0.00 8,~~593~~583.4919 0.00 1,~~872~~870,~~695~~429.2576 B-3 0.00 0.00 6,~~250~~243.6313 0.00 1,~~362~~360,~~138~~490.3551 B-4 0.00 0.00 3,~~125~~121.3257 0.00 ~~681~~680,~~069~~245.1826 B-5 0.00 0.00 2,~~342~~340.8605 0.00 ~~510~~509,~~556~~939.8925 B-6 0.00 0.00 3,~~128~~124.7499 0.00 ~~681~~680,~~814~~990.9916 Totals 0.0500 0.00 ~~928~~903,~~266~~170.2579 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 4,750,000.00 4.75000% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 2.~~43250~~68000% ~~466~~447.~~02950415~~78353283 01.~~94468075~~00004981 0.00000000 0.00000000 A-3 0.00 0.75000% ~~466~~447.~~02950389~~78353303 0.~~29126845~~27986464 0.00000000 0.00000000 A-4 0.00 5.~~56750~~32000% ~~466~~447.~~02950415~~78353283 21.~~16218264~~98517358 0.00000000 0.00000000 A-5 110,364,000.00 4.75000% ~~486~~467.~~08713267~~05586622 1.~~92409490~~84876282 0.00000000 0.00000000 A-6 23,373,000.00 5.50000% ~~552~~436.~~93604415~~48510760 2.~~53428999~~00055663 0.00000000 0.00000000 A-7 70,775,143.00 5.00000% 1000.00000000 4.16666668 0.00000000 0.00000000 A-8 11,795,857.00 2.~~50250~~75000% 1000.00000000 2.~~08541694~~29166647 0.00000000 0.00000000 A-9 0.00 5.~~99750~~75000% 1000.00000000 4.~~99791664~~79166626 0.00000000 0.00000000 A-10 50,000,000.00 5.50000% 20.~~35730160~~00000000 0.~~01080420~~00000000 0.00000000 0.00000000 A-11 13,375,000.00 5.45000% 1000.00000000 4.54166654 0.00000000 0.00000000 A-12 15,655,750.00 3.~~04000~~19000% 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 10.~~91200~~58200% 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.25000% 1000.00000000 0.20833312 0.00000000 0.00000000 A-15 15,700,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 PO 699,845.00 0.00000% ~~787~~786.~~69208896~~25195579 0.00000000 0.00000000 0.00000000 X 0.00 0.~~21795~~21578% ~~562~~547.~~54597088~~59349660 0.~~10217368~~09846540 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 5.50000% ~~981~~979.~~13242340~~95564903 4.~~49685608~~49146332 0.00000000 0.00000000 B-2 1,911,000.00 5.50000% ~~981~~979.~~13242282~~95565149 4.~~49685505~~49146520 0.00000000 0.00000000 B-3 1,390,000.00 5.50000% ~~981~~979.~~13242446~~95564748 4.~~49685612~~49146043 0.00000000 0.00000000 B-4 695,000.00 5.50000% ~~981~~979.~~13241727~~95565468 4.~~49686331~~49146763 0.00000000 0.00000000 B-5 521,000.00 5.50000% ~~981~~979.~~13241843~~95564299 4.~~49685221~~49145873 0.00000000 0.00000000 B-6 695,761.00 5.50000% ~~981~~979.~~13251533~~95574630 4.~~49686027~~49147049 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 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 01.~~94468075~~00004981 0.00000000 ~~447~~432.~~78353283~~31732528 A-3 0.00000000 0.00000000 0.~~29126845~~27986464 0.00000000 ~~447~~432.~~78353303~~31732502 A-4 0.00000000 0.00000000 21.~~16218264~~98517358 0.00000000 ~~447~~432.~~78353283~~31732528 A-5 0.~~00000018~~00000000 0.00000000 1.~~92409472~~84876282 0.00000000 ~~467~~450.~~05586622~~92400194 A-6 0.00000000 0.00000000 2.~~53428999~~00055663 0.00000000 ~~436~~333.~~48510760~~50088093 A-7 0.~~00000028~~00000000 0.00000000 4.~~16666640~~16666668 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 2.~~08541609~~29166647 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 4.~~99791664~~79166626 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 0.~~01080420~~00000000 0.00000000 0.00000000 A-11 0.00000000 0.00000000 4.54166654 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.20833312 0.00000000 1000.00000000 A-15 0.~~00000064~~00000000 0.00000000 4.~~37499936~~37500000 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~786~~782.~~25195579~~95741200 X 0.00000000 0.00000000 0.~~10217368~~09846540 0.00000000 ~~547~~534.~~59349660~~90911149 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~49685608~~49146332 0.00000000 ~~979~~978.~~95564903~~77015413 B-2 0.00000000 0.00000000 4.~~49685505~~49146520 0.00000000 ~~979~~978.~~95565149~~77015175 B-3 0.00000000 0.00000000 4.~~49685612~~49146043 0.00000000 ~~979~~978.~~95564748~~77015108 B-4 0.00000000 0.00000000 4.~~49686331~~49146763 0.00000000 ~~979~~978.~~95565468~~77015827 B-5 0.00000000 0.00000000 4.~~49685221~~49145873 0.00000000 ~~979~~978.~~95564299~~77015355 B-6 0.00000000 0.00000000 4.~~49686027~~49147049 0.00000000 ~~979~~978.~~95574630~~77023863 (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 65,~~163~~349,~~521~~823.9320 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1618,~~455~~808.6913 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 65,~~179~~368,~~977~~631.6233 Withdrawals Reimbursement for Servicer Advances 1316,~~527~~455.1869 Payment of Service Fee 4241,~~906~~780.5491 Payment of Interest and Principal 65,~~123~~310,~~543~~394.9073 Total Withdrawals (Pool Distribution Amount) 65,~~179~~368,~~977~~631.6233 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 4039,~~720~~638.4409 Master Servicing Fee 1,~~628~~585.8153 MBIA Premium Amount 557.29 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4241,~~906~~780.5491

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 4 0 0 0 4 21,~~380~~731,~~658~~479.6914 0.00 0.00 0.00 21,~~380~~731,~~658~~479.6914 60 Days 13 0 0 0 13 ~~407~~1,~~466~~386,736.1535 0.00 0.00 0.00 ~~407~~1,~~466~~386,736.1535 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 57 0 0 0 57 23,~~788~~118,~~124~~215.8449 0.00 0.00 0.00 23,~~788~~118,~~124~~215.8449 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.~~947867~~973236% 0.000000% 0.000000% 0.000000% 0.~~947867~~973236% 10.~~250018~~930732% 0.000000% 0.000000% 0.000000% 10.~~250018~~930732% 60 Days 0.~~236967~~729927% 0.000000% 0.000000% 0.000000% 0.~~236967~~729927% 0.~~213949~~745421% 0.000000% 0.000000% 0.000000% 0.~~213949~~745421% 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 1.~~184834~~703163% 0.000000% 0.000000% 0.000000% 1.~~184834~~703163% 1.~~463968~~676153% 0.000000% 0.000000% 0.000000% 1.~~463968~~676153%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1618,~~455~~808.6913

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,297,706.00 3.25158095% 10,~~935~~920,~~590~~721.3305 5.~~74762271~~87591656% 94.~~525753~~402405% 100.000000% Class R-I 11,297,656.00 3.25156656% 10,~~935~~920,~~590~~721.3305 5.~~74762271~~87591656% 0.000000% 0.000000% Class R-II 11,297,606.00 3.25155217% 10,~~935~~920,~~590~~721.3305 5.~~74762271~~87591656% 0.000000% 0.000000% Class X 10,597,761.00 3.05013051% 10,~~385~~372,~~335~~772.8322 5.~~45841516~~58109156% 0.000000% 0.000000% Class B-1 5,212,761.00 1.50027929% 5,~~108~~102,~~274~~094.6694 2.~~68485144~~74519274% 2.~~781608~~844284% 0.000000% Class B-2 3,301,761.00 0.95027638% 3,~~235~~231,~~579~~665.4118 1.~~70058398~~73880414% 01.~~987122~~009364% 0.000000% Class B-3 1,911,761.00 0.55022193% 1,~~873~~871,~~441~~174.0667 01.~~98465945~~00678940% 0.~~718001~~734179% 0.000000% Class B-4 1,216,761.00 0.35019471% 1,~~192~~190,~~371~~929.8841 0.~~62669719~~64078203% 0.~~359001~~367090% 0.000000% Class B-5 695,761.00 0.20024625% ~~681~~680,~~814~~990.9916 0.~~35835425~~36640816% 0.~~269121~~275185% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~359394~~367492% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 5.~~962440~~959871% Weighted Average Pass-Through Rate 5.~~702440~~699871% Weighted Average Maturity(Stepdown Calculation ) ~~337~~336 Beginning Scheduled Collateral Loan Count ~~433~~422 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count ~~422~~411 Beginning Scheduled Collateral Balance ~~195~~190,~~458~~262,~~119~~842.8722 Ending Scheduled Collateral Balance ~~190~~185,~~262~~855,~~842~~618.2229 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~190~~186,~~449~~034,~~900~~088.6376 Monthly P &I Constant 1,~~205~~175,~~932~~448.8844 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 65,~~062~~247,~~408~~925.3498 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~190~~185,~~262~~855,~~842~~618.2229 Scheduled Principal ~~234~~230,~~760~~496.0675 Unscheduled Principal 4,~~960~~176,~~517~~727.5918

Miscellaneous Reporting Average Loss Severity 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 94.~~665243~~525753% Subordinate Percentage 5.~~334757~~474247% Subordinate Prepayment Percentage 0.000000%

Filing Compare · PRIME MORTGAGE TRUST 2003-1