8-K 1 fh0305_8k0307.txt 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): July 25, 2003 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving, TX, , N/A 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events FH First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5 On July 25, 2003, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 1, 2003, among FH as Depositor, , Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5 relating to the distribution date of July 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of May 1, 2003. SIGNATURES 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 thereunto duly authorized. Dated: July 25, 2003 FH By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated July 25, 2003 Payment Date: 07/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A1 9291,~~466~~821,~~667~~866.0001 5.250000% ~~644~~1,~~800~~940,196.9941 ~~404~~401,~~541~~720.6766 12,~~049~~341,~~342~~917.6607 0.00 0.00 1A2 20,~~000~~087,~~000~~500.00 5.250000% 0.00 0.00 0.00 0.00 0.00 1A3 25,000,000.00 5.500000% 0.00 114,583.33 114,583.33 0.00 0.00 1A4 1995,~~000,000~~044.0075 5.250000% 416,~~955~~469.2589 4,~~375~~353.0032 920,~~330~~823.2521 0.00 0.00 1A5 3,~~200~~214,000.00 5.250000% 0.00 0.00 0.00 0.00 0.00 1A6 1995,~~000,000~~300.0066 4.500000% 415,~~699~~897.3462 3,~~750~~732.0038 819,~~449~~630.3400 0.00 0.00 1A7 13,~~310~~122,~~000~~026.0043 7.000000% ~~187~~635,~~973~~904.5776 7776,~~641~~545.6715 ~~265~~712,~~615~~449.2492 0.00 0.00 1A8 26,690,000.00 7.000000% 0.00 155,691.67 155,691.67 0.00 0.00 1A9 21,~~000~~990,~~000~~601.0032 5.500000% 931,~~398~~795.6824 9,~~166~~123.6759 1840,~~565~~918.3583 0.00 0.00 A10 34,~~528~~387,~~013~~815.0075 4.500000% ~~140~~474,~~197~~279.2599 ~~129~~128,~~480~~954.0531 ~~269~~603,~~677~~234.3029 0.00 0.00 A11 16,~~759~~723,~~870~~622.0018 5.700000% 36,~~247~~420.8200 79,~~609~~437.3821 115,857.21 0.00 0.00 A12 7,~~631~~667,~~121~~368.0082 5.700000% 0.00 0.00 0.00 0.00 0.00 A13 734,329.00 5.250000% 0.00 3,212.69 3,212.69 0.00 0.00 A14 164,~~657~~056,~~000~~839.0060 5.500000% ~~600~~2,~~160~~030,311.4028 ~~754~~751,~~677~~927.9218 12,~~354~~782,~~838~~238.3246 0.00 0.00 A15 1,000,000.00 5.500000% 0.00 4,583.33 4,583.33 0.00 0.00 A16 509,000.00 5.500000% 0.00 2,332.92 2,332.92 0.00 0.00 A17 2019,~~000~~917,~~000~~038.0066 8.000000% 82280,~~961~~653.3487 ~~133~~132,~~333~~780.3326 ~~216~~413,~~294~~434.6713 0.00 0.00 A18 5049,~~000~~792,~~000~~596.0065 4.500000% ~~207~~701,~~403~~634.3569 ~~187~~186,~~500~~722.0024 ~~394~~888,~~903~~356.3592 0.00 0.00 A19 8,154,000.00 5.500000% 0.00 37,372.50 37,372.50 0.00 0.00 Residual AR ~~100~~0.00 5.500000% ~~100~~0.00 0.5105 ~~100~~0.5105 0.00 0.00 2A1 120,~~829~~337,~~000~~114.0061 5.000000% ~~491~~850,~~885~~651.3980 ~~503~~501,~~454~~404.1764 ~~995~~1,~~339~~352,056.5644 0.00 0.00 2A2 2524,~~000~~894,~~000~~652.0069 5.000000% ~~105~~182,~~347~~184.3147 ~~104~~103,~~166~~727.6772 ~~209~~285,~~513~~912.9819 0.00 0.00 2A3 878,000.00 5.000000% 0.00 3,658.33 3,658.33 0.00 0.00 3A1 3227,~~883~~666,~~000~~444.0035 7.~~891490~~877221% 54,~~216~~174,~~555~~552.6549 ~~216~~179,~~246~~830.5482 54,~~432~~354,~~802~~383.2031 0.00 01,781.0042 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 8,~~207~~194,~~000~~309.0075 5.~~507973~~507592% 1213,~~690~~143.2508 37,~~669~~583.9510 50,~~360~~726.2018 0.00 026.00 B2 2,~~736~~731,~~000~~769.0040 5.~~507973~~507592% 4,~~230~~381.6056 12,~~558~~529.1823 16,~~788~~910.7879 0.00 08.0067 B3 2,~~052~~048,~~000~~827.0005 5.~~507973~~507592% 3,~~172~~286.9517 9,~~418~~396.6392 12,~~591~~683.5809 0.00 06.0050 B4 1,~~026~~024,~~000~~413.0053 5.~~507973~~507592% 1,~~586~~643.4708 4,~~709~~698.3246 6,~~295~~341.7954 0.00 03.0025 B5 ~~684~~682,~~000~~942.0035 5.~~507973~~507592% 1,~~057~~095.6539 3,~~139~~132.5431 4,~~197~~227.1970 0.00 02.0017 B6 1,~~026~~024,~~303~~717.9905 5.~~507973~~507592% 1,~~586~~643.9457 4,~~710~~699.7185 6,~~297~~343.6642 0.00 03.0025 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ~~----------------------------------------------------------------------------------------------------------------------------------~~ Totals - - ~~683~~676,~~961~~342,~~403~~140.9959 - 711,~~757~~396,~~011~~145.2235 32,~~001~~953,~~584~~734.6816 1014,~~758~~349,~~595~~879.9052 - -1,831.26 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 9189,~~821~~881,~~866~~669.0160 0.00 1A2 20,~~087~~175,~~500~~382.0081 0.00 1A3 25,000,000.00 0.00 1A4 ~~995~~978,~~044~~574.7586 0.00 1A5 3,~~214~~228,~~000~~061.0025 0.00 1A6 ~~995~~979,~~300~~403.6604 0.00 1A7 1312,~~122~~486,~~026~~121.4367 0.00 1A8 26,690,000.00 0.00 1A9 1,~~990~~958,~~601~~806.3208 0.00 A10 3433,~~387~~913,~~815~~535.7576 0.00 A11 16,~~723~~687,~~622~~202.1817 0.00 A12 7,~~667~~703,~~368~~788.8283 0.00 A13 734,329.00 0.00 A14 ~~164~~162,~~056~~026,~~839~~528.6032 0.00 A15 1,000,000.00 0.00 A16 509,000.00 0.00 A17 19,~~917~~636,~~038~~384.6679 0.00 A18 49,~~792~~090,~~596~~961.6597 0.00 A19 8,154,000.00 0.00 Residual AR 0.00 0.00 2A1 ~~120~~119,~~337~~486,~~114~~462.6181 0.00 2A2 24,~~894~~712,~~652~~468.6922 0.00 2A3 878,000.00 0.00 3A1 2723,~~666~~491,~~444~~891.3586 ~~0.00 B1 8,194,309.75 0.00 B2 2,731,769.40 0.00 B3 2,048,827.05 0.00 B4~~ 1,~~024,413~~781.5342 ~~0.00 B5 682,942.35 0.00 B6 1,024,717.05 0.00~~ -------------------------------------------------------------------------------- Subordinate B1 8,181,166.67 26.00 B2 2,727,387.84 8.67 B3 2,045,540.88 6.50 B4 1,022,770.44 3.25 B5 681,846.96 2.17 B6 1,023,073.47 3.25 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~676~~665,~~342~~084,~~140~~359.5930 -1,831.26 --------------------------------------------------------------------------------

Payment Date: 07/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A1 9291,~~466~~821,~~667~~866.0001 5.250000% 32051DXU1 620.~~973334~~982658 4.~~375000~~344492 ~~993~~972.~~026666~~044008 1A2 20,~~000~~087,~~000~~500.00 5.250000% 32051DXV9 0.000000 0.000000 1,~~004~~008.~~375000~~769141 1A3 25,000,000.00 5.500000% 32051DXW7 0.000000 4.583333 1,000.000000 1A4 1995,~~000,000~~044.0075 5.250000% 32051DXX5 416.~~955255~~469890 4.~~375000~~353321 ~~995~~978.~~044745~~574856 1A5 3,~~200~~214,000.00 5.250000% 32051DXY3 0.000000 0.000000 1,~~004~~008.~~375000~~769141 1A6 1995,~~000,000~~300.0066 4.500000% 32051DXZ0 415.~~699339~~897619 3.~~750000~~732377 ~~995~~979.~~300661~~403042 1A7 13,~~310~~122,~~000~~026.0043 7.000000% 32051DYA4 1447.~~122733~~776466 5.~~833333~~750951 ~~985~~938.~~877267~~100801 1A8 26,690,000.00 7.000000% 32051DYB2 0.000000 5.833333 1,000.000000 1A9 21,~~000~~990,~~000~~601.0032 5.500000% 32051DYC0 415.~~699339~~897619 4.~~583333~~561795 ~~995~~979.~~300661~~403042 A10 34,~~528~~387,~~013~~815.0075 4.500000% 32051DYD8 413.~~060392~~736093 3.~~750000~~734774 ~~995~~982.~~939608~~203516 A11 16,~~759~~723,~~870~~622.0018 5.700000% 32051DYE6 2.~~162775~~173048 4.~~750000~~739727 ~~997~~995.~~837225~~664177 A12 7,~~631~~667,~~121~~368.0082 5.700000% 32051DYF3 0.000000 0.000000 1,~~004~~009.~~750000~~522562 A13 734,329.00 5.250000% 32051DYG1 0.000000 4.375000 1,000.000000 A14 164,~~657~~056,~~000~~839.0060 5.500000% 32051DYH9 312.~~644913~~330549 4.~~583333~~566627 ~~996~~984.~~355087~~024538 A15 1,000,000.00 5.500000% 32051DYJ5 0.000000 4.583333 1,000.000000 A16 509,000.00 5.500000% 32051DYK2 0.000000 4.583333 1,000.000000 A17 2019,~~000~~917,~~000~~038.0066 8.000000% 32051DYL0 414.~~148067~~032694 6.~~666667~~639013 ~~995~~981.~~851933~~819239 A18 5049,~~000~~792,~~000~~596.0065 4.500000% 32051DYM8 414.~~148067~~032694 3.~~750000~~734445 ~~995~~981.~~851933~~819239 A19 8,154,000.00 5.500000% 32051DYN6 0.000000 4.583333 1,000.000000 Residual AR ~~100~~0.00 5.500000% 32051DYP1 ~~1,000~~0.000000 50.~~088790~~487492 0.000000 2A1 120,~~829~~337,~~000~~114.0061 5.000000% 32051DYQ9 47.~~070922~~040129 4.~~166667~~149704 ~~995~~988.~~929078~~888949 2A2 2524,~~000~~894,~~000~~652.0069 5.000000% 32051DYR7 47.~~213892~~287379 4.~~166667~~149109 ~~995~~988.~~786108~~498729 2A3 878,000.00 5.000000% 32051DYZ9 0.000000 4.166667 1,000.000000 3A1 3227,~~883~~666,~~000~~444.0035 7.~~891490~~877221% 32051DYS5 ~~158~~126.~~639895~~951692 65.~~576241~~468808 ~~841~~714.~~360105~~408413 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 8,~~207~~194,~~000~~309.0075 5.~~507973~~507592% 32051DYT3 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 B2 2,~~736~~731,~~000~~769.0040 5.~~507973~~507592% 32051DYU0 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 B3 2,~~052~~048,~~000~~827.0005 5.~~507973~~507592% 32051DYV8 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 B4 1,~~026~~024,~~000~~413.0053 5.~~507973~~507592% 32051DYW6 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 B5 ~~684~~682,~~000~~942.0035 5.~~507973~~507592% 32051DYX4 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 B6 1,~~026~~024,~~303~~717.9905 5.~~507973~~507592% 32051DYY2 1.~~546271~~601447 4.~~589978~~579395 ~~998~~996.~~453729~~852281 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------~~ Totals - - ~~683~~676,~~961~~342,~~403~~140.9959 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 492,313,922.62 148,505,185.88 24,265,250.80 Loan count 1021 301 55 Avg loan rate 5.914318% 5.362114% 8.127221% Prepay amount 5,528,550.69 485,492.47 4,153,856.43 Total ----- Prin balance 665,084,359.30 Loan count 1377 Avg loan rate 5.89 Prepay amount 10,167,899.59 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 96,037.92 28,385.23 3,469.73 Sub servicer fees 71,167.59 15,326.23 0.00 Trustee fees 1,638.50 487.11 94.80 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 127,892.88 Sub servicer fees 86,493.82 Trustee fees 2,220.41 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 Cumulative losses 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 10,002,865.76 3,003,212.12 673,150.20 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 13,679,228.08 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 97.681296% 100.000000% 660,635,161.47 ----------------------------------------------------------------------------- Junior 2.318704% 0.000000% 15,681,786.27 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 15 6,197,314.07 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 15 6,197,314.07 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 14,349,879.52 14,349,879.52 Principal remittance amount 11,396,145.35 11,396,145.35 Interest remittance amount 2,953,734.16 2,953,734.16

Filing Compare · FIRST HORIZON ASSET SEC INC MORT PAS THR CERTS SER 2003-5