8-K 1 cw0338_8k0309.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): September 25, 2003 CW (Depositor) (Issuer in respect of Mortgage Pass -Through Certificates, Series 2003-38) (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) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CW Mortgage Pass -Through Certificates Series 2003-38 On September 25, 2003, The Bank of New York, as Trustee for CW, Mortgage Pass -Through Certificates Series 2003-38, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of July 1, 2003, among CW as Depositor, Countrywide Home Loans, 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 CW, Mortgage Pass -Through Certificates Series 2003-38 relating to the distribution date of September 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of July 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: September 25, 2003 CW By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2003 Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass -Through Certificates, Series 2003-38 Alternative Loan Trust 2003 - 17T2 ------------------------------------------------------------

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 A1 ~~279~~276,~~741~~795,~~000~~234.0004 5.500000% 25,~~945~~837,~~765~~238.9609 1,~~282~~268,~~146~~644.2582 47,~~227~~105,~~912~~882.2191 0.00 0.00 PO ~~758~~731,~~322~~364.0362 0.000000% ~~26,957~~759.4135 0.00 ~~26,957~~759.4135 0.00 0.00 Residual AR ~~100~~0.00 5.500000% ~~100~~0.00 0.4603 ~~100~~0.4603 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M 10,~~950~~927,~~000~~642.0022 5.500000% 229,~~357~~872.7835 50,~~187~~085.5003 7259,~~545~~957.2837 0.00 0.00 B1 32,~~000~~993,~~000~~874.0058 5.500000% 62,~~125~~704.4275 13,~~750~~721.0093 1916,~~875~~426.4268 0.00 0.00 B2 1,~~800~~796,~~000~~324.0075 5.500000% 31,~~675~~622.2585 8,~~250~~233.0016 119,~~925~~856.2501 0.00 0.00 B3 1,~~650~~646,~~000~~631.0002 5.500000% 31,~~368~~487.9861 7,~~562~~547.5006 109,~~931~~034.4867 0.00 0.00 B4 1,~~050~~047,~~000~~856.0010 5.500000% ~~2,143~~946.9066 4,~~812~~802.5067 65,~~956~~749.4034 0.00 0.00 B5 1,~~050~~048,~~577~~432.9789 5.500000% ~~2,145~~947.0818 4,~~815~~805.1532 65,~~960~~752.2250 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~300~~296,~~000~~987,~~000~~360.0023 - 35,~~012~~855,~~639~~578.7785 1,~~371~~357,~~524~~840.3601 47,~~384~~213,~~164~~418.1386 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~276~~270,~~795~~957,~~234~~995.0494 0.00 PO ~~731~~730,~~364~~605.6227 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M 10,~~927~~917,~~642~~769.2288 0.00 B1 2,~~993~~991,~~874~~169.5883 0.00 B2 1,~~796~~794,~~324~~701.7590 0.00 B3 1,~~646~~645,~~631~~143.0241 0.00 B4 1,~~047~~046,~~856~~909.1044 0.00 B5 1,~~048~~047,~~432~~485.8971 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~296~~291,~~987~~131,~~360~~781.2338 - --------------------------------------------------------------------------------

Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Mortgage Pass -Through Certificates, Series 2003-38 Alternative Loan Trust 2003 - 17T2 ------------------------------------------------------------

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 A1 ~~279~~276,~~741~~795,~~000~~234.0004 5.500000% 12669EB39 1020.~~530333~~866580 4.~~583333~~535069 ~~989~~968.~~469667~~603086 PO ~~758~~731,~~322~~364.0362 0.000000% 12669EB47 351.~~548763~~001351 0.000000 ~~964~~963.~~451237~~449886 Residual AR ~~100~~0.00 5.500000% 12669EB54 ~~1,000~~0.000000 40.~~583333~~314761 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M 10,~~950~~927,~~000~~642.0022 5.500000% 12669EB62 20.~~041806~~901584 4.~~583333~~573975 997.~~958194~~056610 B1 32,~~000~~993,~~000~~874.0058 5.500000% 12669EB70 20.~~041806~~901584 4.~~583333~~573975 997.~~958194~~056610 B2 1,~~800~~796,~~000~~324.0075 5.500000% 12669EB88 20.~~041806~~901584 4.~~583333~~573975 997.~~958194~~056610 B3 1,~~650~~646,~~000~~631.0002 5.500000% 12669EA89 20.~~041806~~901584 4.~~583333~~573975 997.~~958194~~056610 B4 1,~~050~~047,~~000~~856.0010 5.500000% 12669EA97 20.~~041806~~901584 4.~~583333~~573975 997.~~958194~~056610 B5 1,~~050~~048,~~577~~432.9789 5.500000% 12669EB21 20.~~041805~~901584 4.~~583333~~573975 997.~~958194~~056610 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~300~~296,~~000~~987,~~000~~360.0023 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Mortgage Pass -Through Certificates, Series 2003-38 Alternative Loan Trust 2003 - 17T2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 291,131,781.38 291,131,781.38 Loan count 625 625 Avg loan rate 6.318636% 6.32 Prepay amount 5,587,236.96 5,587,236.96 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 57,158.93 57,158.93 Sub servicer fees 141,856.04 141,856.04 Trustee fees 2,227.41 2,227.41 Agg advances N/A N/A Adv this period 18,138.65 18,138.65 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 100,000.00 100,000.00 Fraud 6,000,000.00 6,000,000.00 Special Hazard 5,390,900.68 5,390,900.68 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 93.452808% 100.000000% 277,526,598.66 ----------------------------------------------------------------------------- Junior 6.547192% 0.000000% 19,443,180.16 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 2,800,496.09 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 5 2,800,496.09 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 7,213,418.86 7,213,418.86 Principal remittance amount 5,855,578.85 5,855,578.85 Interest remittance amount 1,357,840.01 1,357,840.01

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