8-K 1 fh03ar1_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 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 56-2331643 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving, TX, , N/A 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events FH First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1 On December 25, 2003, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2003, among FH as Depositor, , 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 FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1 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 February 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 FH By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett 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 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

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 15,~~150~~131,~~172~~579.5019 4.~~892801~~892812% 18467,~~593~~708.3115 61,~~772~~696.3264 80529,~~365~~404.6380 0.00 0.00 2A1 9794,~~469~~314,~~918~~864.5833 5.~~108975~~109906% 31,~~155~~803,~~054~~425.2561 ~~414~~401,~~976~~616.1675 32,~~570~~205,~~030~~042.4136 0.00 0.00 Residual 2AR 0.00 5.~~108975~~109906% 0.00 0.00 0.00 0.00 0.00 3A1 2322,~~363~~482,~~228~~407.6101 5.~~396353~~403631% ~~880~~61,~~821~~779.6084 ~~105~~101,~~063~~238.5386 ~~985~~163,~~885~~018.1370 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 3,~~891~~887,~~148~~546.4921 5.~~132852~~134737% 3,~~602~~666.2833 16,~~643~~634.9161 20,~~246~~300.1894 0.00 0.00 B2 1,~~341~~340,~~741~~498.0996 5.~~132852~~134737% 1,~~242~~264.1322 5,~~739~~735.1392 67,~~981~~000.2614 0.00 0.00 B3 1,~~073~~072,~~591~~597.5061 5.~~132852~~134737% ~~993~~1,011.8956 4,~~592~~589.1659 5,~~586~~601.0515 0.00 0.00 B4 ~~402~~401,~~224~~852.3802 5.~~132852~~134737% ~~372~~378.3699 1,~~720~~719.4750 2,~~092~~098.8349 0.00 0.00 B5 ~~537~~536,~~292~~794.3392 5.~~132852~~134737% ~~497~~506.4025 2,~~298~~296.2092 2,~~795~~803.6117 0.00 0.00 B6 ~~403~~402,~~005~~632.3930 5.~~132852~~134737% ~~373~~379.0972 1,~~723~~722.8184 2,~~096~~102.8956 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~143~~139,~~632~~570,~~322~~772.8755 - 42,~~061~~340,~~550~~120.3267 ~~614~~597,~~529~~251.6864 42,~~676~~937,~~080~~372.0031 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 1514,~~131~~663,~~579~~871.1904 0.00 2A1 9492,~~314~~511,~~864~~438.3372 0.00 Residual 2AR 0.00 0.00 3A1 22,~~482~~420,~~407~~627.0117 0.00 -------------------------------------------------------------------------------- Subordinate B1 3,~~887~~883,~~546~~879.2188 0.00 B2 1,~~340~~339,~~498~~234.9674 0.00 B3 1,~~072~~071,~~597~~586.6105 0.00 B4 401,~~852~~473.0203 0.00 B5 536,~~794~~288.9267 0.00 B6 402,~~632~~252.3058 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~139~~137,~~570~~230,~~772~~651.5588 - --------------------------------------------------------------------------------

Payment Date: 12/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

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 15,~~150~~131,~~172~~579.5019 4.~~892801~~892812% 32051DTL6 016.~~637631~~039374 2.~~118392~~115797 ~~518~~502.~~915610~~876236 2A1 9794,~~469~~314,~~918~~864.5833 5.~~108975~~109906% 32051DTM4 169.~~636808~~509582 2.~~188197~~117751 ~~497~~487.~~328477~~818895 Residual 2AR 0.00 5.~~108975~~109906% 32051DTN2 0.000000 0.~~046943~~000796 0.000000 3A1 2322,~~363~~482,~~228~~407.6101 5.~~396353~~403631% 32051DTP7 201.~~140891~~412660 2.~~402386~~314931 ~~514~~512.~~083347~~670687 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 3,~~891~~887,~~148~~546.4921 5.~~132852~~134737% 32051DTQ5 0.~~919417~~935766 4.~~248062~~245688 ~~992~~991.~~227210~~291444 B2 1,~~341~~340,~~741~~498.0996 5.~~132852~~134737% 32051DTR3 0.~~919417~~935766 4.~~248062~~245688 ~~992~~991.~~227210~~291444 B3 1,~~073~~072,~~591~~597.5061 5.~~132852~~134737% 32051DTS1 0.~~919417~~935766 4.~~248062~~245688 ~~992~~991.~~227210~~291444 B4 ~~402~~401,~~224~~852.3802 5.~~132852~~134737% 32051DTT9 0.~~919417~~935766 4.~~248062~~245688 ~~992~~991.~~227210~~291444 B5 ~~537~~536,~~292~~794.3392 5.~~132852~~134737% 32051DTU6 0.~~919417~~935766 4.~~248062~~245688 ~~992~~991.~~227210~~291444 B6 ~~403~~402,~~005~~632.3930 5.~~132852~~134737% 32051DTV4 0.~~919418~~935766 4.~~248062~~245688 ~~992~~991.~~227275~~291509 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~143~~139,~~632~~570,~~322~~772.8755 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 15,509,248.23 98,030,607.42 23,690,796.25 Loan count 32 208 50 Avg loan rate 5.207812% 5.448906% 5.761631% Prepay amount 449,684.24 1,721,942.93 36,558.14 Total ----- Prin balance 137,230,651.90 Loan count 290 Avg loan rate 5.47 Prepay amount 2,208,185.31 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 3,410.34 26,060.00 6,967.84 Sub servicer fees 0.00 0.00 0.00 Trustee fees 79.89 499.19 118.77 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 36,438.18 Sub servicer fees 0.00 Trustee fees 697.85 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- 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 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 94.529579% 100.000000% 131,928,850.53 ----------------------------------------------------------------------------- Junior 5.470421% 0.000000% 7,634,714.96 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 2 986,851.45 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 2 986,851.45 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 2,937,372.31 2,937,372.31 Principal remittance amount 2,340,120.67 2,340,120.67 Interest remittance amount 597,251.64 597,251.64

Filing Compare · FIRST HORIZON MORTGAGE PASS THRU TRUST 2003-AR1