8-K 1 cwa0303_8k0312.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): December 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-03) (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 Certificates Series 2003-03 On December 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-03, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 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 Certificates Series 2003-03 relating to the distribution date of December 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 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: December 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 December 25, 2003 Payment Date: 12/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------

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 6057,~~414~~347,~~659~~757.3175 1.~~260000~~258750% 31,~~066~~576,~~901~~987.5604 6162,~~320~~160.8859 31,~~128~~639,~~222~~147.4463 0.00 0.00 1A2 10,933,000.00 1.810000% 0.00 16,490.61 16,490.61 0.00 0.00 1A3 39,918,000.00 2.258000% 0.00 75,112.37 75,112.37 0.00 0.00 1A4 16,671,000.00 3.265000% 0.00 45,359.01 45,359.01 0.00 0.00 1A5 18,080,000.00 4.230000% 0.00 63,732.00 63,732.00 0.00 0.00 1A6 19,000,000.00 3.545000% 0.00 56,129.17 56,129.17 0.00 0.00 2A1 9183,~~473~~040,~~528~~840.9516 1.~~240000~~238750% 87,~~432~~513,~~688~~410.7963 9188,~~371~~579.8978 87,~~524~~601,~~060~~990.6940 0.00 0.00 2A2 253,000,000.00 1.~~420000~~418750% 0.00 ~~289~~309,~~403~~090.8945 ~~289~~309,~~403~~090.8945 0.00 0.00 3A ~~206~~202,~~077~~584,~~741~~768.1916 1.~~390000~~388750% 3,~~492~~510,~~973~~866.0366 ~~230~~242,~~749~~264.8365 3,~~723~~753,~~722~~131.8531 0.00 0.00 P 100.00 0.000000% 0.00 ~~144~~248,~~021~~313.8718 ~~144~~248,~~021~~313.8718 0.00 0.00 C ~~805~~793,~~485~~313,~~037~~093.6296 0.000000% 0.00 02,494,577.0004 02,494,577.0004 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 1.~~820000~~818750% 0.00 4851,~~674~~996.8904 4851,~~674~~996.8904 0.00 0.00 M2 10,375,000.00 1.~~920000~~918750% 0.00 1617,~~046~~142.6717 1617,~~046~~142.6717 0.00 0.00 M3 12,450,000.00 2.~~320000~~318750% 0.00 2324,~~267~~858.6793 2324,~~267~~858.6793 0.00 0.00 M4 8,300,000.00 2.~~520000~~518750% 0.00 1618,~~849~~002.0007 1618,~~849~~002.0007 0.00 0.00 M5 8,300,000.00 2.~~870000~~868750% 0.00 1920,~~189~~503.1459 1920,~~189~~503.1459 0.00 0.00 M6 6,225,000.00 4.~~020000~~018750% 0.00 2021,~~158~~542.6317 2021,~~158~~542.6317 0.00 0.00 B 8,300,000.00 4.~~620000~~618750% 0.00 3033,~~889~~011.8323 3033,~~889~~011.8323 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~802~~787,~~718~~725,~~029~~466.4506 - 1412,~~992~~601,~~563~~264.3832 13,~~248~~888,~~767~~865.3306 16,~~241~~490,~~330~~129.7138 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 5755,~~347~~770,~~757~~770.7571 0.00 1A2 10,933,000.00 0.00 1A3 39,918,000.00 0.00 1A4 16,671,000.00 0.00 1A5 18,080,000.00 0.00 1A6 19,000,000.00 0.00 2A1 8375,~~040~~527,~~840~~429.1653 0.00 2A2 253,000,000.00 0.00 3A ~~202~~199,~~584~~073,~~768~~901.1650 0.00 P 100.00 0.00 C ~~793~~780,~~313~~934,~~093~~102.9644 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 0.00 M2 10,375,000.00 0.00 M3 12,450,000.00 0.00 M4 8,300,000.00 0.00 M5 8,300,000.00 0.00 M6 6,225,000.00 0.00 B 8,300,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~787~~775,~~725~~124,~~466~~201.0674 - --------------------------------------------------------------------------------

Payment Date: 12/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------

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 6057,~~414~~347,~~659~~757.3175 1.~~260000~~258750% 126671C53 4624.~~860126~~095267 0.~~936940~~949771 ~~876~~852.~~233922~~138655 1A2 10,933,000.00 1.810000% 126671C61 0.000000 1.508333 1,000.000000 1A3 39,918,000.00 2.258000% 126671C79 0.000000 1.881667 1,000.000000 1A4 16,671,000.00 3.265000% 126671C87 0.000000 2.720833 1,000.000000 1A5 18,080,000.00 4.230000% 126671C95 0.000000 3.525000 1,000.000000 1A6 19,000,000.00 3.545000% 126671D29 0.000000 2.954167 1,000.000000 2A1 9183,~~473~~040,~~528~~840.9516 1.~~240000~~238750% 126671D37 8071.~~311322~~556292 0.~~870208~~843617 ~~790~~719.~~865144~~308853 2A2 253,000,000.00 1.~~420000~~418750% 126671D45 0.000000 1.~~143889~~221701 1,000.000000 3A ~~206~~202,~~077~~584,~~741~~768.1916 1.~~390000~~388750% 126671D52 16.~~261513~~344817 1.~~074254~~127862 ~~943~~926.~~132068~~787251 P 100.00 0.000000% 126671E69 0.000000 12,~~440~~483,~~218~~131.~~700000~~800000 1,000.000000 C ~~805~~793,~~485~~313,~~037~~093.6296 0.000000% 126671E51 0.000000 03.~~000000~~005514 ~~955~~940.~~798793~~884347 Residual AR 0.00 0.000000% 126671E77 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 33,200,000.00 1.~~820000~~818750% 126671D60 0.000000 1.~~466111~~566146 1,000.000000 M2 10,375,000.00 1.~~920000~~918750% 126671D78 0.000000 1.~~546667~~652257 1,000.000000 M3 12,450,000.00 2.~~320000~~318750% 126671D86 0.000000 1.~~868889~~996701 1,000.000000 M4 8,300,000.00 2.~~520000~~518750% 126671D94 0.000000 2.~~030000~~168924 1,000.000000 M5 8,300,000.00 2.~~870000~~868750% 126671E28 0.000000 2.~~311944~~470312 1,000.000000 M6 6,225,000.00 4.~~020000~~018750% 126671E36 0.000000 3.~~238333~~460590 1,000.000000 B 8,300,000.00 4.~~620000~~618750% 126671E44 0.000000 3.~~721667~~977257 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~802~~787,~~718~~725,~~029~~466.4506 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 181,569,899.84 373,701,551.61 225,662,650.99 Loan count 1165 2406 1131 Avg loan rate 7.335037% 7.340695% 7.617468% Prepay amount 1,366,856.18 7,046,137.53 3,266,116.05 Total ----- Prin balance 780,934,102.44 Loan count 4702 Avg loan rate 7.42 Prepay amount 11,679,109.76 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 75,573.19 154,087.95 92,877.74 Sub servicer fees 18,798.92 12,304.80 3,791.76 Trustee fees 1,373.39 2,858.12 1,718.34 Agg advances N/A N/A N/A Adv this period 29,175.39 71,105.94 62,481.66 Total ----- Master serv fees 322,538.88 Sub servicer fees 34,895.48 Trustee fees 5,949.85 Agg advances N/A Adv this period 162,762.99 -------------------------------------------------------------------------------- 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 3,800,007.91 8,000,000.65 4,799,980.09 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 16,599,988.66 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 88.936501% 100.000000% 700,575,466.06 ----------------------------------------------------------------------------- Junior 11.063499% 0.000000% 87,150,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 87 12,590,893.09 60 to 89 days 7 1,635,395.51 90 or more 9 895,252.58 Foreclosure 40 6,734,757.41 Totals: 143 21,856,298.59 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 16,490,129.38 16,490,129.38 Principal remittance amount 12,601,264.32 12,601,264.32 Interest remittance amount 3,888,865.06 3,888,865.06

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