8-K 1 cwa03bc2_8k0311.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): November 25, 2003 CWA (Depositor) (Issuer in respect of Asset-Backed Securitiies, Series CWA 2003-BC2) (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 CWA Asset-Backed Securitiies Series CWA 2003-BC2 On November 25, 2003, The Bank of New York, as Trustee for CWA, Asset-Backed Securitiies Series CWA 2003-BC2, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2003, among CWA 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 CWA, Asset-Backed Securitiies Series CWA 2003-BC2 relating to the distribution date of November 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 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: November 25, 2003 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------

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 8785,~~823~~137,~~265~~907.5227 1.440000% 23,~~685~~470,~~358~~149.2517 ~~112~~98,~~413~~759.7897 23,~~797~~568,~~772~~909.0314 0.00 0.00 2A1 ~~302~~293,~~553~~496,~~703~~615.5781 1.420000% 911,~~057~~886,~~087~~051.7668 ~~381~~335,~~890~~727.0152 912,~~438~~221,~~977~~779.7720 0.00 0.00 P 100.00 0.000000% 0.00 ~~282~~165,~~607~~335.4616 ~~282~~165,~~607~~335.4616 0.00 0.00 C ~~454~~442,~~126~~384,~~971~~525.0908 0.000000% 0.00 1,~~828~~887,~~155~~705.3610 1,~~828~~887,~~155~~705.3610 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 23,750,000.00 1.820000% 0.00 3834,~~422~~820.2214 3834,~~422~~820.2214 0.00 0.00 M2 18,750,000.00 2.640000% 0.00 4439,~~000~~875.00 4439,~~000~~875.00 0.00 0.00 M3 8,750,000.00 3.620000% 0.00 2825,~~155~~515.5697 2825,~~155~~515.5697 0.00 0.00 B1 7,500,000.00 4.620000% 0.00 3027,~~800~~912.0050 3027,~~800~~912.0050 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~449~~437,~~127~~384,~~069~~623.0908 - 1115,~~742~~356,~~446~~200.0185 2,~~746~~615,~~444~~651.3936 1417,~~488~~971,~~890~~852.4021 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 8581,~~137~~667,~~907~~758.2710 0.00 2A1 ~~293~~281,~~496~~610,~~615~~564.8113 0.00 P 100.00 0.00 C ~~442~~427,~~384~~028,~~525~~324.0823 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 23,750,000.00 0.00 M2 18,750,000.00 0.00 M3 8,750,000.00 0.00 B1 7,500,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~437~~422,~~384~~028,~~623~~422.0823 - --------------------------------------------------------------------------------

Payment Date: 11/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------

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 8785,~~823~~137,~~265~~907.5227 1.440000% 126671YG5 2634.~~853582~~701492 10.~~124138~~987600 ~~851~~816.~~379073~~677581 2A1 ~~302~~293,~~553~~496,~~703~~615.5781 1.420000% 126671YB6 2634.~~540917~~830921 10.~~119092~~983817 ~~860~~825.~~063343~~232422 P 100.00 0.000000% 126671ZV1 0.000000 21,~~826~~653,~~074~~351.600000 1,000.000000 C ~~454~~442,~~126~~384,~~971~~525.0908 0.000000% 126671ZU3 0.000000 3.~~656309~~775409 ~~884~~854.~~768696~~056307 Residual AR 0.00 0.000000% 126671ZW9 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 23,750,000.00 1.820000% 126671YC4 0.000000 1.~~617778~~466111 1,000.000000 M2 18,750,000.00 2.640000% 126671YD2 0.000000 2.~~346667~~126667 1,000.000000 M3 8,750,000.00 3.620000% 126671YE0 0.000000 32.~~217778~~916111 1,000.000000 B1 7,500,000.00 4.620000% 126671YF7 0.000000 43.~~106667~~721667 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~449~~437,~~127~~384,~~069~~623.0908 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 96,052,450.08 330,975,874.15 427,028,324.23 Loan count 662 2083 2745 Avg loan rate 7.602210% 7.523242% 7.54 Prepay amount 3,254,513.66 11,512,831.15 14,767,344.81 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 38,685.85 137,256.18 175,942.03 Sub servicer fees 193.97 586.65 780.61 Trustee fees 746.42 2,571.46 3,317.88 Agg advances N/A N/A N/A Adv this period 63,597.05 206,786.89 270,383.94 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 2,266,273.58 7,733,724.99 9,999,998.57 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 86.567886% 100.000000% 378,634,623.08 ----------------------------------------------------------------------------- Junior 13.432114% 0.000000% 58,750,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 115 17,754,169.49 60 to 89 days 19 2,336,919.63 90 or more 41 5,756,374.18 Foreclosure 0 0.00 Totals: 175 25,847,463.30 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 17,971,852.21 17,971,852.21 Principal remittance amount 15,356,200.85 15,356,200.85 Interest remittance amount 2,615,651.36 2,615,651.36

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