8-K 1 fh0307_8k0403.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): March 25, 2004 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (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) 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 2003-7 On March 25, 2004, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-7, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of July 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 2003-7 relating to the distribution date of March 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of July 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: March 25, 2004 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 March 25, 2004 Payment Date: 03/25/04 ------------------------------------------------------------ (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 A1 32,~~845~~138,~~485~~553.9794 4.700000% ~~214~~278,~~062~~602.7204 ~~128~~125,~~644~~876.8200 ~~342~~404,~~707~~478.5405 0.00 0.00 A2 6,~~569~~427,~~096~~710.8041 1.~~518750~~490000% 4255,~~812~~720.5441 87,~~314~~981.0107 5163,~~126~~701.5548 0.00 0.00 A3 6,~~569~~427,~~096~~710.8041 6.~~481250~~510000% 0.00 3534,~~479~~870.9733 3534,~~479~~870.9733 0.00 0.00 A4 19,892,022.00 5.000000% 0.00 82,883.43 82,883.43 0.00 0.00 A5 5,000,000.00 5.250000% 0.00 21,875.00 21,875.00 0.00 0.00 A6 2120,~~192~~528,~~728~~633.3321 2.~~520000~~500000% ~~445~~609,~~433~~008.9175 4442,~~504~~767.7399 ~~489~~651,~~938~~776.6474 0.00 0.00 A7 5,~~886~~702,~~868~~398.9811 13.~~440000~~500000% ~~123~~169,~~731~~169.6410 6564,~~932~~151.9398 ~~189~~233,~~664~~321.5808 0.00 0.00 A8 3,~~532~~421,~~121~~438.3987 78.~~980000~~000000% 74101,~~238~~501.9946 2322,~~488~~809.6159 97124,~~727~~311.5905 0.00 0.00 A9 6,250,000.00 5.250000% 0.00 27,343.75 27,343.75 0.00 0.00 A10 4,687,500.00 2.~~720000~~700000% 0.00 10,~~625~~546.0088 10,~~625~~546.0088 0.00 0.00 A11 1,562,500.00 12.~~840000~~900000% 0.00 16,~~718~~796.7587 16,~~718~~796.7587 0.00 0.00 A12 36,112,375.00 5.000000% 0.00 150,468.23 150,468.23 0.00 0.00 A13 30,289,000.00 5.250000% 0.00 132,514.38 132,514.38 0.00 0.00 A14 7775,~~593~~955,~~649~~180.2164 4.750000% ~~816~~1,~~058~~100,431.3958 ~~307~~300,~~141~~655.5392 1,~~123~~401,~~199~~087.9250 0.00 0.00 A15 9,~~647~~373,~~898~~900.7611 5.000000% 0.00 4039,~~199~~057.5892 4039,~~199~~057.5892 0.00 0.00 A16 48,~~843~~055,~~100~~375.5831 4.500000% ~~392~~529,~~335~~053.7764 ~~183~~180,~~161~~207.6366 ~~575~~709,~~497~~261.3930 0.00 0.00 I-A17-1 735,324.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A18 19,~~697~~610,~~927~~848.4049 5.000000% 4358,~~370~~484.6611 8281,~~074~~711.7087 ~~125~~140,~~445~~195.3698 0.00 0.00 A19 2827,~~717~~791,~~445~~622.6070 3.900000% ~~461~~621,~~116~~803.9005 9390,~~331~~322.7077 ~~554~~712,~~448~~125.6082 0.00 0.00 A20 4241,~~544~~380,~~397~~326.7496 5.000000% ~~579~~781,~~779~~815.0357 ~~177~~172,~~268~~418.3203 ~~757~~954,~~047~~233.3660 0.00 0.00 A21 2,593,279.00 5.000000% 0.00 10,805.33 10,805.33 0.00 0.00 A22 23,300,000.00 5.000000% 0.00 97,083.33 97,083.33 0.00 0.00 Residual ARU 0.00 5.000000% 0.00 0.00 0.00 0.00 0.00 ARL 0.00 5.000000% 0.00 0.00 0.00 0.00 0.00 2A1 ~~177~~171,~~476~~867,~~603~~898.3916 4.500000% 1,~~896~~598,~~090~~826.8563 ~~665~~644,~~537~~504.2662 2,~~561~~243,~~628~~331.1125 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 7,~~155~~114,~~615~~253.5466 4.~~849388~~850265% 13,~~695~~936.5900 28,~~916~~755.9601 42,~~612~~691.5501 0.00 0.00 B2 2,~~177~~165,~~752~~164.8873 4.~~849388~~850265% 4,~~168~~241.1431 8,~~800~~751.6435 12,~~968~~992.7866 0.00 0.00 B3 1,~~867~~856,~~070~~278.7242 4.~~849388~~850265% 3,~~573~~636.5123 7,~~545~~502.1287 11,~~118~~139.6310 0.00 0.00 B4 ~~622~~618,~~356~~759.9147 4.~~849388~~850265% 1,~~191~~212.1708 2,~~515~~500.0496 3,~~706~~713.2103 0.00 0.00 B5 ~~622~~618,~~356~~759.9147 4.~~849388~~850265% 1,~~191~~212.1708 2,~~515~~500.0496 3,~~706~~713.2103 0.00 0.00 B6 ~~933~~928,~~769~~372.7526 4.~~849388~~850265% 1,~~787~~818.2057 3,~~773~~752.5138 5,~~560~~570.7195 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1596,~~133~~603,~~202,784~~574.5081 - 5,~~114~~930,~~638~~472.1862 2,~~459~~411,~~463~~416.2947 78,~~574~~341,~~101~~889.4709 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 3231,~~631~~859,~~423~~951.2590 0.00 A2 6,~~526~~371,~~284~~990.2600 0.00 A3 6,~~526~~371,~~284~~990.2600 0.00 A4 19,892,022.00 0.00 A5 5,000,000.00 0.00 A6 2019,~~747~~919,~~294~~624.4145 0.00 A7 5,~~763~~533,~~137~~229.3401 0.00 A8 3,~~457~~319,~~882~~937.4041 0.00 A9 6,250,000.00 0.00 A10 4,687,500.00 0.00 A11 1,562,500.00 0.00 A12 36,112,375.00 0.00 A13 30,289,000.00 0.00 A14 7674,~~777~~854,~~590~~749.8206 0.00 A15 9,~~511~~189,~~430~~876.5459 0.00 A16 4847,~~450~~526,~~764~~321.8266 0.00 I-A17-1 735,324.00 0.00 A18 19,~~654~~552,~~556~~364.7338 0.00 A19 2827,~~256~~169,~~328~~819.7065 0.00 A20 4140,~~964~~598,~~618~~511.7039 0.00 A21 2,593,279.00 0.00 A22 23,300,000.00 0.00 Residual ARU 0.00 0.00 ARL 0.00 0.00 2A1 ~~175~~170,~~580~~269,~~512~~071.5453 0.00 -------------------------------------------------------------------------------- Subordinate B1 7,~~141~~100,~~919~~317.9566 0.00 B2 2,~~173~~160,~~584~~923.7442 0.00 B3 1,~~863~~852,~~497~~642.2219 0.00 B4 ~~621~~617,~~165~~547.7440 0.00 B5 ~~621~~617,~~165~~547.7440 0.00 B6 ~~931~~926,~~982~~553.5568 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1590,~~122~~673,~~409,938~~102.1019 - --------------------------------------------------------------------------------

Payment Date: 03/25/04 ------------------------------------------------------------ (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 A1 32,~~845~~138,~~485~~553.9794 4.700000% 32051DZT2 68.~~392953~~320411 3.~~841960~~759269 ~~974~~951.~~532926~~493041 A2 6,~~569~~427,~~096~~710.8041 1.~~518750~~490000% 32051DZU9 68.~~392953~~320411 1.~~241484~~191768 ~~974~~951.~~532926~~493041 A3 6,~~569~~427,~~096~~710.8041 6.~~481250~~510000% 32051DZV7 0.000000 5.~~298022~~206988 ~~974~~951.~~532926~~493041 A4 19,892,022.00 5.000000% 32051DZW5 0.000000 4.166667 1,000.000000 A5 5,000,000.00 5.250000% 32051DZX3 0.000000 4.375000 1,000.000000 A6 2120,~~192~~528,~~728~~633.3321 2.~~520000~~500000% 32051DZY1 1927.~~797063~~067056 1.~~977988~~900799 ~~922~~885.~~101974~~316642 A7 5,~~886~~702,~~868~~398.9811 13.~~440000~~500000% 32051DZZ8 1927.~~797063~~067056 10.~~549269~~264317 ~~922~~885.~~101974~~316642 A8 3,~~532~~421,~~121~~438.3987 78.~~980000~~000000% 32051DA28 1927.~~797063~~067056 6.~~263629~~082558 ~~922~~885.~~101974~~316642 A9 6,250,000.00 5.250000% 32051DA36 0.000000 4.375000 1,000.000000 A10 4,687,500.00 2.~~720000~~700000% 32051DA44 0.000000 2.~~266667~~250000 1,000.000000 A11 1,562,500.00 12.~~840000~~900000% 32051DA51 0.000000 10.~~700000~~750000 1,000.000000 A12 36,112,375.00 5.000000% 32051DA69 0.000000 4.166667 1,000.000000 A13 30,289,000.00 5.250000% 32051DA77 0.000000 4.375000 1,000.000000 A14 7775,~~593~~955,~~649~~180.2164 4.750000% 32051DA85 1013.~~200730~~755395 3.~~839269~~758199 ~~959~~935.~~719885~~684363 A15 9,~~647~~373,~~898~~900.7611 5.000000% 32051DA93 0.000000 43.~~006602~~892816 ~~947~~915.~~983110~~934544 A16 48,~~843~~055,~~100~~375.5831 4.500000% 32051DB27 710.~~846715~~581073 3.~~663233~~604153 ~~969~~950.~~015296~~526433 I-A17-1 735,324.00 0.000000% 32051DB35 0.000000 0.000000 1,000.000000 A18 19,~~697~~610,~~927~~848.4049 5.000000% 32051DB43 2.~~168533~~924205 4.~~103735~~085593 ~~982~~977.~~727837~~618219 A19 2827,~~717~~791,~~445~~622.6070 3.900000% 32051DB50 1520.~~370563~~726768 3.~~111057~~010759 ~~941~~905.~~877623~~660655 A20 4241,~~544~~380,~~397~~326.7496 5.000000% 32051DB68 1317.~~129946~~705360 43.~~014501~~904659 ~~950~~919.~~350311~~412809 A21 2,593,279.00 5.000000% 32051DB76 0.000000 4.166667 1,000.000000 A22 23,300,000.00 5.000000% 32051DB84 0.000000 4.166667 1,000.000000 Residual ARU 0.00 5.000000% 32051DB92 0.000000 0.~~000000~~020456 0.000000 ARL 0.00 5.000000% 32051DC26 0.000000 0.000000 0.000000 2A1 ~~177~~171,~~476~~867,~~603~~898.3916 4.500000% 32051DC34 108.~~185987~~589054 3.~~575332~~462342 ~~943~~914.~~235790~~702206 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 7,~~155~~114,~~615~~253.5466 4.~~849388~~850265% 32051DC42 1.~~899791~~933139 43.~~011231~~988766 ~~990~~984.~~694958~~924076 B2 2,~~177~~165,~~752~~164.8873 4.~~849388~~850265% 32051DC59 1.~~899791~~933139 43.~~011231~~988766 ~~990~~984.~~694958~~924076 B3 1,~~867~~856,~~070~~278.7242 4.~~849388~~850265% 32051DC67 1.~~899791~~933139 43.~~011231~~988766 ~~990~~984.~~694958~~924076 B4 ~~622~~618,~~356~~759.9147 4.~~849388~~850265% 32051CD75 1.~~899791~~933139 43.~~011231~~988766 ~~990~~984.~~694958~~924076 B5 ~~622~~618,~~356~~759.9147 4.~~849388~~850265% 32051CD83 1.~~899791~~933139 43.~~011231~~988766 ~~990~~984.~~694958~~924076 B6 ~~933~~928,~~769~~372.7526 4.~~849388~~850265% 32051CD91 1.~~899788~~933139 43.~~011231~~988766 ~~990~~984.~~694961~~924085 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1596,~~133~~603,~~202,784~~574.5081 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 416,436,350.49 174,236,751.72 590,673,102.21 Loan count 853 361 1214 Avg loan rate 5.739048% 5.273088% 5.60 Prepay amount 3,850,191.10 919,608.48 4,769,799.58 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 83,110.07 35,688.70 118,798.77 Sub servicer fees 171,527.86 76,654.78 248,182.64 Trustee fees 1,402.51 586.17 1,988.68 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 -------------------------------------------------------------------------------- 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 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 97.774718% 100.000000% 583,301,986.80 ----------------------------------------------------------------------------- Junior 2.225282% 0.000000% 13,275,531.74 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 2,702,290.64 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 1 356,522.12 Totals: 6 3,058,812.76 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 8,341,889.09 8,341,889.09 Principal remittance amount 5,930,472.62 5,930,472.62 Interest remittance amount 2,411,416.47 2,411,416.47

Filing Compare · FIRST HORIZON MORTGAGE PASS THROUGH TRUST 2003-7