8-K 1 cwa03s1_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-S1) (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-S1 On December 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-S1, 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 Servicing, LP, 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-S1 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 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: 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 Servicing, LP Asset Backed Certificates, Series 2003-S1 ------------------------------------------------------------

Payment Date: 12/25/03 ------------------------------------------------------------ Countrywide Home Loans Servicing, LP Asset Backed Certificates, Series 2003-S1 ------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing, LP Asset Backed Certificates, Series 2003-S1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 291,758,783.44 291,758,783.44 Loan count 9228 9228 Avg loan rate 8.307240% 8.31 Prepay amount 9,925,995.51 9,925,995.51 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 116,184.75 116,184.75 Sub servicer fees 113,360.86 113,360.86 Trustee fees 2,267.22 2,267.22 Agg advances N/A N/A Adv this period 16,517.82 16,517.82 -------------------------------------------------------------------------------- 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 7,999,967.69 7,999,967.69 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 87.429524% 100.000000% 264,295,637.80 ----------------------------------------------------------------------------- Junior 12.570476% 0.000000% 38,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 19 589,389.11 60 to 89 days 7 193,075.62 90 or more 18 830,399.23 Foreclosure 1 27,332.15 Totals: 45 1,640,196.11 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 12,326,238.86 12,326,238.86 Principal remittance amount 10,536,854.36 10,536,854.36 Interest remittance amount 1,789,384.50 1,789,384.50

CWABS INC ASSET-BACKED CERTIFICATES SERIES 2003-S1 8-K