8-K 1 cwa03bc3_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 Securitiies, Series CWA 2003-BC3) (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-BC3 On December 25, 2003, The Bank of New York, as Trustee for CWA, Asset-Backed Securitiies Series CWA 2003-BC3, 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 Securitiies Series CWA 2003-BC3 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 Securitiies, Series CWA 2003-BC3 ------------------------------------------------------------

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 ~~150~~140,~~410~~536,~~364~~978.8471 1.~~220000~~218750% 912,~~873~~720,~~386~~774.13 147,~~819~~490.9663 1012,~~021~~868,~~206~~264.0976 0.00 0.00 A2 284,535,000.00 1.~~430000~~428750% 0.00 ~~327~~350,~~768~~066.5197 ~~327~~350,~~768~~066.5197 0.00 0.00 M1 31,515,000.00 1.~~890000~~888750% 0.00 4751,~~981~~256.5974 4751,~~981~~256.5974 0.00 0.00 M2 6,565,000.00 2.~~370000~~368750% 0.00 1213,~~533~~391.6800 1213,~~533~~391.6800 0.00 0.00 M3 6,565,000.00 2.~~620000~~618750% 0.00 1314,~~855~~804.8030 1314,~~855~~804.8030 0.00 0.00 M4 3,940,000.00 3.~~120000~~118750% 0.00 910,~~902~~581.5323 910,~~902~~581.5323 0.00 0.00 M5 3,940,000.00 4.~~620000~~618750% 0.00 1415,~~663~~670.3739 1415,~~663~~670.3739 0.00 0.00 M6 3,940,000.00 4.~~620000~~618750% 0.00 1415,~~663~~670.3739 1415,~~663~~670.3739 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 P 100.00 0.000000% 0.00 ~~137~~389,~~284~~422.4306 ~~137~~389,~~284~~422.4306 0.00 0.00 C ~~496~~486,~~662~~789,~~889~~503.2714 0.000000% 0.00 2,~~421~~331,~~897~~096.1963 2,~~421~~331,~~897~~096.1963 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~491~~481,~~410~~537,~~464~~078.8471 - 912,~~873~~720,~~386~~774.13 3,~~148~~339,~~370~~450.4334 1316,~~021~~060,~~756~~224.5647 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~140~~127,~~536~~816,~~978~~204.7158 0.00 A2 284,535,000.00 0.00 M1 31,515,000.00 0.00 M2 6,565,000.00 0.00 M3 6,565,000.00 0.00 M4 3,940,000.00 0.00 M5 3,940,000.00 0.00 M6 3,940,000.00 0.00 Residual AR 0.00 0.00 P 100.00 0.00 C ~~486~~474,~~789~~068,~~503~~729.1401 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~481~~468,~~537~~816,~~078~~304.7158 - --------------------------------------------------------------------------------

Payment Date: 12/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC3 ------------------------------------------------------------

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 ~~150~~140,~~410~~536,~~364~~978.8471 1.~~220000~~218750% 126671B39 5571.~~158582~~065777 0.~~825810~~823970 ~~785~~714.~~122786~~057009 A2 284,535,000.00 1.~~430000~~428750% 126671B47 0.000000 1.~~151944~~230313 1,000.000000 M1 31,515,000.00 1.~~890000~~888750% 126671B54 0.000000 1.~~522500~~626424 1,000.000000 M2 6,565,000.00 2.~~370000~~368750% 126671B62 0.000000 12.~~909167~~039757 1,000.000000 M3 6,565,000.00 2.~~620000~~618750% 126671B70 0.000000 2.~~110556~~255035 1,000.000000 M4 3,940,000.00 3.~~120000~~118750% 126671B88 0.000000 2.~~513333~~685590 1,000.000000 M5 3,940,000.00 4.~~620000~~618750% 126671B96 0.000000 3.~~721667~~977257 1,000.000000 M6 3,940,000.00 4.~~620000~~618750% 126671C20 0.000000 3.~~721667~~977257 1,000.000000 Residual AR 0.00 0.000000% 126671E85 0.000000 0.000000 0.000000 P 100.00 0.000000% 126671F27 0.000000 13,~~372~~894,~~844~~220.~~300000~~600000 1,000.000000 C ~~496~~486,~~662~~789,~~889~~503.2714 0.000000% 126671E93 0.000000 4.~~610920~~438050 ~~926~~902.~~772469~~554068 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~491~~481,~~410~~537,~~464~~078.8471 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 474,068,729.01 474,068,729.01 Loan count 3560 3560 Avg loan rate 7.781550% 7.78 Prepay amount 12,197,140.96 12,197,140.96 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 192,992.56 192,992.56 Sub servicer fees 0.00 0.00 Trustee fees 3,650.92 3,650.92 Agg advances N/A N/A Adv this period 172,979.33 172,979.33 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 10,505,048.85 10,505,048.85 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 481,537,078.71 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 89 10,323,023.12 60 to 89 days 19 1,943,181.47 90 or more 10 1,266,512.82 Foreclosure 67 8,298,994.38 Totals: 185 21,831,711.79 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 16,060,224.47 16,060,224.47 Principal remittance amount 12,720,774.13 12,720,774.13 Interest remittance amount 3,339,450.34 3,339,450.34

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