-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RDaEknCqIcwbck2c6fEgDtEcp/AL5wda/39mD360vTMQSoT0WITHyDqVIhPHngN2 J7tCq8Fk7FS0nUljviIdOg== 0000905148-04-004329.txt : 20041005 0000905148-04-004329.hdr.sgml : 20041005 20041005111252 ACCESSION NUMBER: 0000905148-04-004329 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041005 DATE AS OF CHANGE: 20041005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSET-BACKED CERTIFICATE SERIES 2003-2 CENTRAL INDEX KEY: 0001229301 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 333-101101-11 FILM NUMBER: 041064727 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASSAS STATE: CA ZIP: 91302 424B5 1 efc4-1790_form424b5.txt SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED APRIL 11, 2003 (To Prospectus dated January 29, 2003) CWABS, INC. Depositor Countrywide Home Loans, Inc. Seller Countrywide Home Loans Servicing LP Master Servicer Asset-Backed Certificates, Series 2003-2
The Class M-2 Certificates represent obligations of the trust The Class M-2 Certificates only and do not represent an interest in o This supplement relates to the offering of the Class M-2 Certificates of or obligation of the series referenced above. This supplement does not contain complete CWABS, Inc., information about the offering of the Class M-2 Certificates. Additional Countrywide Home information is contained in the prospectus supplement dated April 11, Loans, Inc., 2003 prepared in connection with the offering of the offered certificates Countrywide Home of the series referenced above and in the prospectus of the depositor Loans Servicing LP or dated January 29, 2003. You are urged to read this supplement, the any of their affiliates. prospectus supplement and the prospectus in full. This supplement may be o As of September 27, 2004, the certificate principal balance of the Class used to offer and sell the M-2 Certificates was approximately $78,563,000. offered certificates only if accompanied by the prospectus supplement and the prospectus.
NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED THESE SECURITIES OR DETERMINED THAT THIS SUPPLEMENT, THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This supplement is to be used by Countrywide Securities Corporation, an affiliate of CWABS, Inc., Countrywide Home Loans, Inc. and Countrywide Home Loans Servicing LP , in connection with offers and sales relating to market making transactions in the Class M-2 Certificates in which Countrywide Securities Corporation acts as principal. Countrywide Securities Corporation may also act as agent in such transactions. Sales will be made at prices related to the prevailing prices at the time of sale. October 1, 2004 THE MORTGAGE POOL As of September 1, 2004 (the "Reference Date"), Loan Group 1 included approximately 2,760 Mortgage Loans having an aggregate Stated Principal Balance of approximately $412,940,751, Loan Group 2 included approximately 3,040 Mortgage Loans having an aggregate Stated Principal Balance of approximately $435,695,840, Loan Group 3 included approximately 1,054 Mortgage Loans having an aggregate Stated Principal Balance of approximately $237,728,800, and Loan Group 4 included approximately 311 Mortgage Loans having an aggregate Stated Princip al Balance of approximately $79,906,835. The following table summarizes the delinquency and foreclosure experience of the Mortgage Loans as of the Reference Date.
As of September 1, 2004 --------------------------------------------------- Loan Loan Loan Loan Group 1 Group 2 Group 3 Group 4 --------------------------------------------------- Total Number of Mortgage Loans........................ 2,760 3,040 1,054 311 Delinquent Mortgage Loans and Pending Foreclosures at Period End (1) 30 -59 days...................................... 3.48% 2.14% 3.80% 0.64% 60 - 89 days..................................... 0.65% 0.33% 0.76% 0.64% 90 days or more (excluding pending foreclosures)............................ 0.43% 0.23% 1.14% 1.61% ----- ----- ----- ----- Total Delinquencies.............................. 4.56% 2.70% 5.69% 0.13% ===== ===== ===== ===== Foreclosures Pending.................................. 2.43% 1.61% 3.13% 1.29% ----- ----- ----- ----- Total Delinquencies and foreclosures 6.99% 4.31% 8.82% 4.18% pending............................................... ===== ===== ===== =====
- ------------- (1) As a percentage of the total number of Mortgage Loans as of the Reference Date. Thirty-two (32) of the Mortgage Loans in Loan Group 1 have been converted and are, as of the Reference Date, REO loans. Twenty-two (22) of the Mortgage Loans in Loan Group 2 have been converted and are, as of the Reference Date, REO loans. Nineteen (19) of the Mortgage Loans in Loan Group 3 have been converted and are, as of the Reference Date, REO loans. One (1) of the Mortgage Loans in Loan Group 4 has been converted and is, as of the Reference Date, REO loans Certain additional information as to the Mortgage Loans as of the Reference Date is set forth in Exhibit 1 in tabular format. Other than with respect to rates of interest, percentages (approximate) are stated in such tables by Stated Principal Balance of the Mortgage Loans as of the Reference Date and have been rounded in order to total 100.00%. 2 SERVICING OF MORTGAGE LOANS The Master Servicer Countrywide Home Loans Servicing LP will act as Master Servicer under the Agreement. Foreclosure and Delinquency Experience Credit Blemished Mortgage Loans. The following table summarizes the delinquency and foreclosure experience, respectively, on the dates indicated, of credit blemished mortgage loans originated and serviced by Countrywide Home Loans. A credit blemished mortgage loan is characterized as delinquent if the borrower has not paid the monthly payment due within one month of the related due date. The delinquency and foreclosure percentages may be affected by the size and relative lack of seasoning of the servicing portfolio because many of such loans were not outstanding long enough to give rise to some or all of the periods of delinquency indicated in the chart below. Accordingly, the information should not be considered as a basis for assessing the likelihood, amount, or severity of delinquency or losses on the Mortgage Loans, and no assurances can be given that the delinquency or foreclosure experience presented in the table below will be indicative of such experience on such Mortgage Loans. The sum of the columns below may not equal the total indicated due to rounding. For purposes of the following table: o the period of delinquency is based on the number of days payments are contractually past due. o certain total percentages and dollar amounts may not equal the sum of the percentages and dollar amounts indicated in the columns due to differences in rounding. o the "Foreclosure Rate" is the dollar amount of mortgage loans in foreclosure as a percentage of the total principal balance of mortgage loans outstanding as of the date indicated. o the "Bankruptcy Rate" is the dollar amount of mortgage loans for which the related borrower has declared bankruptcy as a percentage of the total principal balance of mortgage loans outstanding as of the date indicated. 3
Delinquency and Foreclosure Experience ------------------------------------------------------------------------------------- As of December 31, 2001 As of December 31, 2002 ---------------------------------------- ------------------------------------------- Principal Balance Percentage Principal Balance Percentage ---------------------- ---------------- ------------------------- ---------------- Total Portfolio $9,081,242,926.99 100.00% $10,499,524,957.75 100.00% Delinquency Percentage 30-59 Days $806,843,594.55 8.88% $776,262,182.66 7.39% 60-89 Days 255,443,513.99 2.81 272,447,833.46 2.59 90+ Days 103,605,791.49 1.14 112,192,108.56 1.07 ---------------------- ---------------- ------------------------- ---------------- Sub-Total $1,165,892,900.03 12.84% $1,160,902,124.68 11.06% ---------------------- ---------------- ------------------------- ---------------- Foreclosure Rate $356,652,093.38 3.93% $277,872,737.06 2.65% Bankruptcy Rate $232,679,880.26 2.56% $293,013,840.50 2.79% ------------------------------------------------------------------------------------- As of December 31, 2003 As of June 30, 2004 ---------------------------------------- ------------------------------------------- Principal Balance Percentage Principal Balance Percentage ---------------------- ---------------- ------------------------- ---------------- Total Portfolio $20,666,799,653.23 100.00% $34,258,379,461.22 100.00% Delinquency Percentage 30-59 Days $1,237,075,952.99 5.99% $1,800,217,721.03 5.25% 60-89 Days 369,166,558.52 1.79 518,866,342.89 1.51 90+ Days 101,415,871.40 0.49 144,345,311.97 0.42 ---------------------- ---------------- ------------------------- ---------------- Sub-Total $1,707,658,382.91 8.26% $2,463,429,375.89 7.19% ---------------------- ---------------- ------------------------- ---------------- Foreclosure Rate $322,166,334.41 1.56% $471,317,724.45 1.38% Bankruptcy Rate $305,504,468.46 1.48% $385,581,805.24 1.13%
Historically a variety of factors, including the appreciation of real estate values, have limited the loss and delinquency experience on credit blemished mortgage loans. There can be no assurance that factors beyond Countrywide Home Loans, Inc.'s or Countrywide Home Loans Servicing LP's control, such as national or local economic conditions or a downturn in the real estate markets of Countrywide Home Loans, Inc.'s lending areas, will not result in increased delinquencies and foreclosure losses in the future. DESCRIPTION OF THE CLASS M-2 CERTIFICATES The Class M-2 Certificates will be entitled to receive interest and principal as described in the Prospectus Supplement under "Description of the Certificates - Distributions." As of September 27, 2004 (the "Certificate Date"), the certificate principal balance of the Class M-2 Certificates was approximately $78,563,000 evidencing a beneficial ownership interest of approximately 6.80% in the Trust Fund. As of the Certificate Date, the Senior Certificates had an aggregate principal balance of $956,772,226 and evidenced in the aggregate a beneficial ownership interest of approximately 82.78% in the Trust Fund. As of the Certificate Date, the Subordinated Offered Certificates had an aggregate principal balance of $199,025,000 and evidenced in the aggregate a beneficial ownership interest of approximately 17.22% in the Trust Fund. For additional information with respect to the Class M-2 Certificates, see "Description of the Certificates" in the Prospectus Supplement. 4 Reports to Certificateholders The September 2004 monthly statement that has been furnished to Certificateholders of record on the most recent Distribution Date is included herein as Exhibit 2. Revised Modeling Assumptions Unless otherwise specified, the information in the tables appearing in this Supplement under "Yield, Prepayment and Maturity Considerations - Decrement Table " has been prepared on the basis of the following assumed characteristics of the Mortgage Loans and the following additional assumptions (collectively, the "Revised Modeling Assumptions"): (i) the Mortgage Loans prepay at the indicated percentage of the related Prepayment Model; (ii) distributions on the Offered Certificates are received, in cash, on the 25th day of each month, commencing in the calendar month following the Reference Date, in accordance with the payment priorities defined herein; (iii) no defaults or delinquencies in, or modifications, waivers or amendments respecting, the payment by the Mortgagors of principal and interest on the mortgage loans occur; (iv) scheduled payments are assumed to be received on the first day of each month commencing in the calendar mont h following the Reference Date, and prepayments represent payment in full of individual mortgage loans and are assumed to be received on the last day of each month, commencing in the calendar month following the Reference Date and include 30 days' interest thereon; (v) the level of six- month LIBOR remains constant at 2.17% per annum and the level of One-Month LIBOR remains constant at 1.84% per annum; (vi) the Pass-Through Margins for the Offered Certificates remain constant at the rates applicable prior to the Optional Termination Date and are adjusted accordingly on any Distribution Date following the Optional Termination Date; (vii) the Closing Date for the Certificates is October 1, 2004; (viii) the Mortgage Rate for each Adjustable Rate Mortgage Loan is adjusted on its next Adjustment Date (and on subsequent Adjustment Dates, if necessary) to equal the sum of (a) the assumed level of the applicable Mortgage Index, and (b) the respective Gross Margin (such sum being subject to the applicable periodic adjustment caps and floors and the applicable lifetime adjustment caps and floors), and (ix) except as indicated with respect to the weighted average lives, no optional termination is exercised on the Optional Termination Date. For the Fixed Rate Mortgage Loans, the Prepayment Model used in this Prospectus Supplement (the "Prepayment Vector" or "PV") is a prepayment assumption which represents an assumed rate of the prepayment each month relative to the then outstanding principal balance of a pool of mortgage loans for the life of mortgage loans. For example, a 23% Prepayment Vector assumes a constant prepayment rate ("CPR") of 2.3% per annum of the then outstanding principal balance of the mortgage loans in the first month of the life of the mortgage loans and an additional 2.3% per annum (i.e., 1/10 of the final per annum rate) in each month thereafter up to and including the tenth month. Beginning in the eleventh month and in each month thereafter during the life of such mortgage loans, a 23% Prepayment Vector assumes a CPR of 23% per annum. The other percentages of the Prepayment Vector identified herein assume that the mortgage loans will prepay at rates which start and increase in a similar manner (i.e., 1/10 of the final per annum rate) until they reach such respective percentages of constant rates of prepayment per annum. 5 For the Adjustable Rate Mortgage Loans, the Prepayment Model used in this Prospectus Supplement is a prepayment assumption which represents an assumed rate of prepayment each month relative to the then outstanding principal balance of a pool of mortgage loans for the life of such mortgage loans. 30% CPR assumes a constant prepayment rate of 30% per annum. There is no assurance, however, that prepayments on the Mortgage Loans will conform to any level of either Prepayment Model, and no representation is made that the Mortgage Loans will prepay at the prepayment rates shown or any other prepayment rate. The rate of principal payments on pools of mortgage loans is influenced by a variety of economic, geographic, social and other factors, including the level of interest rates. Other factors affecting prepayment of mortgage loans include changes in obligors' housing needs, job transfers and unemployment. In the case of mortgage loans in general, if prevailing interest rates fall significantly below the interest rates on such mortgage loans, the mortgage loans are likely to be subject to higher prepayment rates than if prevailing interest rates remain at or above the rates borne by such mortgage loans. Conversely, if prevailing interest rates rise above the interest on such mortgage loans, the rate of prepayment would be expected to decrease. YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS Decrement Table The following table indicates the percentage of the Certificate Date Certificate Principal Balance of the Class M-2 Certificates that would be outstanding after each of the dates shown at various constant percentages of the Prepayment Models and the corresponding weighted average life thereof. The table has been prepared based on the Revised Modeling Assumptions. However, all of the Mortgage Loans may not have the interest rates or remaining terms to maturity described under "Revised Modeling Assumptions" herein and the Mortgage Loans may not prepay at the indicated constant percentages of the Prepayment Models or at any constant percentage. 6 Percent of Certificate Principal Balance Outstanding
(Percentages of the Prepayment Model) 0% 80% 100% 120% 150% -- --- ---- ---- ---- Distribution Date ----------------- Initial Percent.................... 100 100 100 100 100 September 25, 2005................. 100 100 100 100 100 September 25, 2006................. 100 68 59 51 40 September 25, 2007................. 100 53 43 35 22 September 25, 2008................. 100 41 32 21 0 September 25, 2009................. 100 32 21 0 0 September 25, 2010................. 100 24 0 0 0 September 25, 2011................. 100 0 0 0 0 September 25, 2012................. 98 0 0 0 0 September 25, 2013................. 96 0 0 0 0 September 25, 2014................. 94 0 0 0 0 September 25, 2015................. 91 0 0 0 0 September 25, 2016................. 88 0 0 0 0 September 25, 2017................. 85 0 0 0 0 September 25, 2018................. 81 0 0 0 0 September 25, 2019................. 78 0 0 0 0 September 25, 2020................. 75 0 0 0 0 September 25, 2021................. 71 0 0 0 0 September 25, 2022................. 67 0 0 0 0 September 25, 2023................. 63 0 0 0 0 September 25, 2024................. 58 0 0 0 0 September 25, 2025................. 53 0 0 0 0 September 25, 2026................. 48 0 0 0 0 September 25, 2027................. 42 0 0 0 0 September 25, 2028................. 35 0 0 0 0 September 25, 2029................. 28 0 0 0 0 September 25, 2030................. 17 0 0 0 0 September 25, 2031................. 0 0 0 0 0 Weighted Average Life (years)(1)... 20.15 3.84 3.14 2.69 2.27 Weighted Average Life (years)(1)(2) 20.26 4.06 3.32 2.83 2.38
-------------------------- (1) Determined as specified in the Prospectus Supplement. (2) To maturity. MATERIAL FEDERAL INCOME TAX CONSEQUENCES Prospective investors should consider carefully the income tax consequences of an investment in the Class M-2 Certificates discussed under the section titled "Global Clearance, Settlement and Tax Documentation Procedures" in Annex I of the Prospectus Supplement and under the sections titled "Material Federal Income Tax Consequences" in the Prospectus Supplement and the Prospectus and should consult their tax advisors with respect to those consequences. ERISA CONSIDERATIONS Prospective purchasers of the Class M-2 Certificates should consider carefully the ERISA consequences of an investment in such Certificates discussed under "ERISA Considerations" in 7 the Prospectus, the Prospectus Supplement and herein, and should consult their own advisors with respect to those consequences. As described in the Prospectus Supplement, the Class M-2 Certificates may be acquired by a person that is, or is investing on behalf of or with plan assets of, a Plan, if the conditions for application of the Underwriter Exemption described in the Prospectus and Prospectus Supplement, including the requirement that an investing Plan be an "accredited investor" as defined in Rule 501(a)(1) of Regulation D under the Securities Act of 1933, as amended, are met. RATINGS The Class M-2 Certificates are currently rated "A2" by Moody's Investors Service, Inc. and "A+" by Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. See "Ratings" in the Prospectus Supplement. METHOD OF DISTRIBUTION The Supplement is to be used by Countrywide Securities Corporation, an affiliate of CWABS, Inc., Countrywide Home Loans, Inc., and Countrywide Home Loans Servicing LP, in connection with offers and sales relating to market making transactions in the Class M-2 Certificates in which Countrywide Securities Corporation acts as principal. Countrywide Securities Corporation may also act as agent in such transactions. Sales will be made at prices relating to the prevailing prices at the time of sale. 8 EXHIBIT 1
CWABS 2003-2 Group 1 Summary of Loans in Group 1 (As of Calculation Date) Range ----- Total Number of Group 1 Mortgage Loans 2,760 Total Outstanding Principal Balance $412,940,751 Average Principal Balance $149,616 $25,401 to $387,437 Weighted Average Mortgage Rate 7.54% 5.13% to 11.88% Net Weighted Average Mortgage Rate 7.04% 4.63% to 11.38% Adjustable Rate Mortgage Loan Characteristics Weighted Average Gross Margin 6.52% 0.50% to 8.00% Weighted Average Maximum Mortgage Rate 14.45% 10.88% to 18.88% Weighted Average Minimum Mortgage Rate 7.54% 4.58% to 11.88% Weighted Average Initial Periodic Rate Cap 1.80% 1.00% to 3.00% Weighted Average Subsequent Periodic Rate Cap 1.44% 1.00% to 3.00% Weighted Average Original Term (months) 360 180 to 360 Weighted Average Remaining Term (months) 342 163 to 344 Weighted Average Loan-to-Value Ratio 85.12% 23.61% to 100.00% Weighted Average FICO Credit Score 612
CWABS 2003-2 Group 1 Mortgage Loan Programs Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 2/28 LIB6M 1 $212,078 0.05 30Y LIB6M 2 $405,667 0.10 2/28 LIB6M 1 $114,761 0.03 2/28 LIB6M 921 $141,692,300 34.31 3/12 LIB6M 1 $122,995 0.03 3/27 LIB6M 1,833 $270,275,271 65.45 5/25 LIB6M 1 $117,679 0.03 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== Mortgage Loan Principal Balances Range of Mortgage Loan Number of Aggregate % of Aggregate Principal Balances ($) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- $25,000.01 - $50,000.00 50 $2,184,757 0.53 % $50,000.01 - $75,000.00 311 $19,918,795 4.82 $75,000.01 - $100,000.00 415 $36,648,429 8.87 $100,000.01 - $150,000.00 773 $95,326,793 23.08 $150,000.01 - $200,000.00 585 $101,193,732 24.51 $200,000.01 - $250,000.00 340 $76,898,130 18.62 $250,000.01 - $300,000.00 221 $60,462,622 14.64 $300,000.01 - $350,000.00 61 $18,815,337 4.56 $350,000.01 - $400,000.00 4 $1,492,155 0.36 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 Mortgage Rates Range of Mortgage Number of Aggregate % of Aggregate Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 5.001 - 5.500 19 $3,878,610 19.00 % 5.501 - 6.000 87 $16,860,325 87.00 6.001 - 6.500 189 $35,656,042 189.00 6.501 - 7.000 531 $91,517,101 531.00 7.001 - 7.500 474 $75,093,907 474.00 7.501 - 8.000 529 $77,992,433 529.00 8.001 - 8.500 386 $52,666,498 386.00 8.501 - 9.000 294 $37,118,543 294.00 9.001 - 9.500 114 $11,480,518 114.00 9.501 - 10.000 70 $5,766,595 70.00 10.001 - 10.500 37 $2,734,642 37.00 10.501 - 11.000 22 $1,667,362 22.00 11.001 - 11.500 5 $338,336 5.00 11.501 - 12.000 3 $169,839 3.00 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== Months Remaining to Maturity Months Remaining Number of Aggregate % of Aggregate to Maturity Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 121 - 180 1 $122,995 0.03 % 301 - 360 2,759 $412,817,757 99.97 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== Loan-to-Value Ratios Range of Number of Aggregate % of Aggregate Loan-to-Value Ratios (%) (1) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 50.00 or Less 12 $1,072,180 0.26 % 50.01-55.00 7 $877,900 0.21 55.01-60.00 20 $2,754,352 0.67 60.01-65.00 24 $3,349,602 0.81 65.01-70.00 175 $23,393,973 5.67 70.01-75.00 240 $34,936,202 8.46 75.01-80.00 636 $96,286,115 23.32 80.01-85.00 423 $64,031,749 15.51 85.01-90.00 638 $98,633,306 23.89 90.01-95.00 201 $30,175,279 7.31 95.01-100.00 384 $57,430,093 13.91 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 State Distribution of Mortgaged Properties Number of Aggregate % of Aggregate State Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Alabama 17 $1,651,481 0.40 % Alaska 7 $1,043,864 0.25 Arizona 73 $8,809,840 2.13 Arkansas 15 $1,549,411 0.38 California 555 $112,520,715 27.25 Colorado 81 $14,426,882 3.49 Connecticut 22 $3,395,780 0.82 Delaware 7 $1,444,263 0.35 Florida 237 $32,109,389 7.78 Georgia 29 $3,973,428 0.96 Hawaii 14 $2,500,876 0.61 Idaho 21 $2,762,792 0.67 Illinois 74 $10,226,721 2.48 Indiana 54 $5,924,274 1.43 Iowa 8 $600,328 0.15 Kansas 19 $1,818,818 0.44 Kentucky 29 $3,734,522 0.90 Louisiana 37 $4,829,739 1.17 Maine 2 $189,994 0.05 Maryland 40 $6,811,856 1.65 Massachusetts 30 $5,907,605 1.43 Michigan 194 $23,355,099 5.66 Minnesota 34 $5,157,396 1.25 Mississippi 22 $1,982,429 0.48 Missouri 99 $10,691,880 2.59 Montana 4 $493,015 0.12 Nebraska 7 $684,192 0.17 Nevada 37 $5,545,898 1.34 New Hampshire 14 $2,090,546 0.51 New Jersey 69 $12,778,960 3.09 New Mexico 26 $3,457,539 0.84 New York 26 $4,358,654 1.06 North Carolina 32 $3,340,674 0.81 North Dakota 1 $125,119 0.03 Ohio 73 $8,723,190 2.11 Oklahoma 20 $1,959,208 0.47 Oregon 72 $11,098,160 2.69 Pennsylvania 51 $6,912,229 1.67 Rhode Island 4 $677,868 0.16 South Carolina 19 $2,981,472 0.72 South Dakota 1 $113,985 0.03 Tennessee 97 $10,918,722 2.64 Texas 196 $24,387,011 5.91 Utah 72 $10,443,704 2.53 Vermont 5 $639,929 0.15 Virginia 59 $8,665,835 2.10 Washington 112 $20,250,489 4.90 West Virginia 7 $505,955 0.12 Wisconsin 32 $3,670,866 0.89 Wyoming 4 $698,150 0.17 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 Range of FICO Credit Scores Number of Aggregate % of Aggregate Range of Fico Credit Scores Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 801 - 820 2 $668,452 0.16 % 781 - 800 3 $421,143 0.10 761 - 780 13 $2,339,343 0.57 741 - 760 15 $2,466,749 0.60 721 - 740 29 $5,489,381 1.33 701 - 720 52 $8,767,075 2.12 681 - 700 89 $14,645,009 3.55 661 - 680 159 $27,091,736 6.56 641 - 660 265 $39,436,235 9.55 621 - 640 435 $67,151,202 16.26 601 - 620 467 $70,480,299 17.07 581 - 600 449 $66,378,480 16.07 561 - 580 368 $52,293,413 12.66 541 - 560 241 $32,377,453 7.84 521 - 540 124 $16,543,461 4.01 501 - 520 40 $5,512,333 1.33 500 or Less 5 $590,550 0.14 Not Available 4 $288,437 0.07 -------------------------------------------------------------------------------------------------- Total 2760 $412,940,751 100 % ================================================================================================== Types of Mortgaged Properties Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Single Family Residence 2,194 $323,020,239 78.22 % Planned Unit Development 336 $57,593,165 13.95 Low Rise Condominium 153 $22,022,152 5.33 Manufactured Housing (1) 38 $3,366,657 0.82 2 - 4 Family Residence 39 $6,938,539 1.68 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== (1) Treated as real property. Purpose of Mortgage Loan Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Refinance (Cash Out) 1,617 $241,077,821 58.38 % Purchase 915 $139,272,601 33.73 Refinance (Rate/Term) 228 $32,590,329 7.89 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 Occupancy Types Number of Aggregate % of Aggregate Occupancy Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Owner Occupied 2,698 $404,737,045 98.01 % Non-owner Occupied 52 $6,872,270 1.66 Second Home 10 $1,331,436 0.32 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== Document Types Number of Aggregate % of Aggregate Document Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Full Documentation 2,119 $305,979,897 74.1 % Stated 631 $105,534,458 25.56 Simple 10 $1,426,396 0.35 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== Gross Margin (Excludes Fixed Rate Mortgages) Range of Number of Aggregate % of Aggregate Gross Margins Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1.000 or Less 1 $119,225 0.03 % 2.001 - 3.000 3 $559,064 0.14 3.001 - 4.000 7 $1,689,107 0.41 4.001 - 5.000 118 $20,183,546 4.89 5.001 - 6.000 595 $97,594,870 23.63 6.001 - 7.000 1,206 $179,510,887 43.47 7.001 - 8.000 830 $113,284,053 27.43 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 Subsequent Adjustment Date (Excludes Fixed Rate Mortgages) Subsequent Number of Aggregate % of Aggregate Adjustment Date Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- October-2004 6 $921,595 0.22 % November-2004 13 $1,386,592 0.34 December-2004 22 $3,077,154 0.75 January-2005 69 $10,394,893 2.52 February-2005 166 $25,911,021 6.27 March-2005 352 $52,829,367 12.79 April-2005 239 $39,095,749 9.47 May-2005 58 $8,808,434 2.13 November-2005 7 $1,181,119 0.29 December-2005 4 $262,034 0.06 January-2006 37 $5,298,821 1.28 February-2006 46 $6,499,767 1.57 March-2006 539 $80,372,332 19.46 April-2006 774 $112,214,724 27.17 May-2006 427 $64,569,469 15.64 February-2008 1 $117,679 0.03 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== Maximum Mortgage Rates (Excludes Fixed Rate Mortgages) Range of Maximum Number of Aggregate % of Aggregate Mortgage Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 10.501 - 11.000 1 $143,761 0.03 11.001 - 11.500 3 $483,690 0.12 11.501 - 12.000 10 $1,843,716 0.45 12.001 - 12.500 40 $8,008,114 1.94 12.501 - 13.000 115 $22,445,174 5.44 13.001 - 13.500 218 $40,399,676 9.78 13.501 - 14.000 538 $90,727,795 21.97 14.001 - 14.500 454 $71,114,136 17.22 14.501 - 15.000 497 $73,419,999 17.78 15.001 - 15.500 362 $48,701,311 11.79 15.501 - 16.000 281 $34,943,085 8.46 16.001 - 16.500 107 $10,353,649 2.51 16.501 - 17.000 66 $5,338,835 1.29 17.000 - 17.500 37 $2,734,642 0.66 17.501 - 18.000 22 $1,667,362 0.4 18.001 - 18.500 6 $445,968 0.11 18.501 - 19.000 3 $169,839 0.04 -------------------------------------------------------------------------------------------------- 2,760 $412,940,751 100 % ================================================================================================== CWABS 2003-2 Group 1 Initial Periodic Rate Cap (Excludes Fixed Rate Mortgages) Initial Periodic Number of Aggregate % of Aggregate Rate Cap (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 36 $5,014,692 1.21 % 1.5 2,176 $321,972,473 77.97 2 8 $958,943 0.23 3 540 $84,994,643 20.58 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== Subsequent Periodic Rate Cap (Excludes Fixed Rate Mortgages) Subsequent Periodic Number of Aggregate % of Aggregate Rate Cap (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 351 $53,861,165 13.04 % 1.5 2,407 $358,816,193 86.89 3 2 $263,394 0.06 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ================================================================================================== Minimum Mortgage Rates (Excludes Fixed Rate Mortgages) Range of Minimum Number of Aggregate % of Aggregate Mortgage Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 4.001 - 5.000 2 $193,877 0.05 5.001 - 6.000 101 $19,871,208 4.81 6.001 - 7.000 725 $127,813,133 30.95 7.001 - 8.000 1,008 $154,110,986 37.32 8.001 - 9.000 674 $88,935,914 21.54 9.001 - 10.000 182 $16,997,822 4.12 Greater than 10.000 68 $5,017,812 1.22 -------------------------------------------------------------------------------------------------- Total 2,760 $412,940,751 100 % ==================================================================================================
CWABS 2003-2 Group 2 Summary of Loans in Group 2 (As of Calculation Date) Range ----- Total Number of Group 2 Mortgage Loans 3,040 Total Outstanding Principal Balance $435,695,840 Average Principal Balance $143,321 $7,046 to $472,737 Weighted Average Mortgage Rate 7.42% 4.88% to 13.00% Net Weighted Average Mortgage Rate 6.78% 4.00% to 12.50% Weighted Average Original Term (months) 343 120 to 360 Weighted Average Remaining Term (months) 323 9 to 370 Weighted Average Loan-to-Value Ratio 78.30% 5.69% to 100.00% Weighted Average FICO Credit Score 615.00%
CWABS 2003-2 Group 2 Mortgage Loan Programs Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 10Yr Fixed 2 $284,440 0.07 15Yr Fixed 293 $31,502,828 7.23 15Yr Fixed - Credit Comeback 40 $3,693,873 0.85 20Yr Fixed 16 $1,467,786 0.34 25Yr Fixed 1 $111,320 0.03 30Yr Fixed 2,319 $349,034,281 80.11 30Yr Fixed - Credit Comeback 319 $43,931,680 10.08 30/15 Fixed Balloon 50 $5,669,631 1.30 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== Mortgage Loan Principal Balances Range of Mortgage Loan Number of Aggregate % of Aggregate Principal Balances ($) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- $0.01 - $25,000.00 8 $164,574 0.04 % $25,000.01 - $50,000.00 128 $5,350,830 1.23 $50,000.01 - $75,000.00 419 $26,829,492 6.16 $75,000.01 - $100,000.00 449 $39,515,210 9.07 $100,000.01 - $150,000.00 802 $99,785,143 22.90 $150,000.01 - $200,000.00 591 $102,872,689 23.61 $200,000.01 - $250,000.00 365 $81,502,995 18.71 $250,000.01 - $300,000.00 213 $58,375,694 13.40 $300,000.01 - $350,000.00 52 $16,299,499 3.74 $350,000.01 - $400,000.00 11 $4,107,804 0.94 $400,000.01 - $450,000.00 1 $419,173 0.10 $450,000.01 - $500,000.00 1 $472,737 0.11 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== CWABS 2003-2 Group 2 Mortgage Rates Range of Mortgage Number of Aggregate % of Aggregate Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 4.501 - 5.000 3 $377,711 0.09 % 5.001 - 5.500 11 $1,863,627 0.43 5.501 - 6.000 64 $11,919,153 2.74 6.001 - 6.500 191 $36,906,308 8.47 6.501 - 7.000 857 $148,378,273 34.06 7.001 - 7.500 559 $85,391,864 19.60 7.501 - 8.000 553 $72,150,835 16.56 8.001 - 8.500 257 $29,498,999 6.77 8.501 - 9.000 203 $20,602,706 4.73 9.001 - 9.500 101 $9,777,606 2.24 9.501 - 10.000 121 $11,313,153 2.60 10.001 - 10.500 47 $3,582,002 0.82 10.501 - 11.000 34 $1,943,818 0.45 11.001 - 11.500 19 $999,091 0.23 11.501 - 12.000 17 $903,109 0.21 12.501 - 13.000 3 $87,586 0.02 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== Months Remaining to Maturity Months Remaining Number of Aggregate % of Aggregate to Maturity Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 - 120 9 $585,842 0.13 % 121 - 180 380 $40,826,789 9.37 181 - 300 32 $2,962,461 0.68 301 - 360 2,618 $391,076,583 89.76 Greater than 360 1 $244,164 0.06 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== Loan-to-Value Ratios Range of Number of Aggregate % of Aggregate Loan-to-Value Ratios (%) (1) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 50.00 or Less 158 $16,985,851 3.90 % 50.01-55.00 63 $9,199,614 2.11 55.01-60.00 102 $13,531,620 3.11 60.01-65.00 135 $19,727,617 4.53 65.01-70.00 286 $40,433,763 9.28 70.01-75.00 372 $53,461,396 12.27 75.01-80.00 677 $95,894,166 22.01 80.01-85.00 426 $65,212,086 14.97 85.01-90.00 535 $81,419,733 18.69 90.01-95.00 116 $17,814,682 4.09 95.01-100.00 170 $22,015,311 5.05 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== CWABS 2003-2 Group 2 State Distribution of Mortgaged Properties Number of Aggregate % of Aggregate State Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Alabama 35 $3,131,396 0.72 % Arizona 48 $6,013,700 1.38 Arkansas 25 $2,160,746 0.50 California 843 $155,333,755 35.65 Colorado 56 $8,994,638 2.06 Connecticut 27 $4,037,235 0.93 Delaware 9 $1,216,400 0.28 Florida 383 $48,145,138 11.05 Georgia 24 $2,177,804 0.50 Hawaii 50 $12,124,605 2.78 Idaho 38 $4,343,189 1.00 Illinois 24 $3,531,878 0.81 Indiana 40 $3,627,773 0.83 Iowa 6 $492,908 0.11 Kansas 7 $713,882 0.16 Kentucky 22 $2,258,479 0.52 Louisiana 63 $6,247,367 1.43 Maine 9 $1,537,795 0.35 Maryland 26 $4,114,202 0.94 Massachusetts 67 $12,431,752 2.85 Michigan 73 $7,604,842 1.75 Minnesota 13 $1,842,740 0.42 Mississippi 22 $1,732,744 0.40 Missouri 47 $4,024,421 0.92 Montana 5 $819,070 0.19 Nebraska 7 $831,622 0.19 Nevada 49 $6,955,375 1.60 New Hampshire 17 $2,615,816 0.60 New Jersey 35 $5,745,657 1.32 New Mexico 7 $737,023 0.17 New York 78 $14,148,000 3.25 North Carolina 28 $2,520,006 0.58 North Dakota 1 $98,666 0.02 Ohio 72 $7,361,924 1.69 Oklahoma 36 $3,534,530 0.81 Oregon 62 $9,110,256 2.09 Pennsylvania 77 $8,412,887 1.93 Rhode Island 2 $191,377 0.04 South Carolina 16 $1,899,632 0.44 South Dakota 3 $303,180 0.07 Tennessee 118 $12,075,930 2.77 Texas 204 $22,754,865 5.22 Utah 46 $6,604,271 1.52 Virginia 69 $8,966,828 2.06 Washington 121 $18,425,933 4.23 West Virginia 6 $490,590 0.11 Wisconsin 20 $2,576,435 0.59 Wyoming 4 $676,578 0.16 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== CWABS 2003-2 Group 2 Range of FICO Credit Scores Number of Aggregate % of Aggregate Range of Fico Credit Scores Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 801 - 820 3 $542,131 0.12 % 781 - 800 9 $1,393,694 0.32 761 - 780 16 $2,301,773 0.53 741 - 760 19 $3,114,880 0.71 721 - 740 28 $4,221,141 0.97 701 - 720 53 $8,408,062 1.93 681 - 700 92 $14,613,589 3.35 661 - 680 186 $29,832,846 6.85 641 - 660 330 $50,565,716 11.61 621 - 640 458 $70,768,970 16.24 601 - 620 568 $80,175,768 18.40 581 - 600 534 $73,338,210 16.83 561 - 580 368 $49,322,143 11.32 541 - 560 218 $28,080,851 6.45 521 - 540 113 $14,214,280 3.26 501 - 520 36 $3,555,451 0.82 500 or Less 7 $1,059,323 0.24 Not Available 2 $187,012 0.04 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== Types of Mortgaged Properties Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Single Family Residence 2,482 $349,097,502 80.12 % Planned Unit Development 290 $47,785,003 10.97 Low Rise Condominium 120 $15,723,685 3.61 Manufactured Housing (1) 46 $3,641,876 0.84 2 - 4 Family Residence 102 19447775 4.47 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== (1) Treated as real property. Purpose of Mortgage Loan Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Refinance (Cash Out) 2,342 $343,534,049 78.85 % Purchase 371 $48,300,938 11.09 Refinance (Rate/Term) 327 $43,860,853 10.07 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== CWABS 2003-2 Group 2 Occupancy Types Number of Aggregate % of Aggregate Occupancy Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Owner Occupied 2,937 $423,572,297 97.22 % Non-owner Occupied 82 $9,223,932 2.12 Second Home 21 $2,899,611 0.67 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ================================================================================================== Document Types Number of Aggregate % of Aggregate Document Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Full Documentation 2,297 $321,535,771 73.80 % Stated 713 $110,404,557 25.34 Simple 30 $3,755,512 0.86 -------------------------------------------------------------------------------------------------- Total 3040 $435,695,840 100.00 % ==================================================================================================
CWABS 2003-2 Group 3 Summary of Loans in Group 3 (As of Calculation Date) Range ----- Total Number of Group 3 Mortgage Loans 1,054 Total Outstanding Principal Balance $237,728,800 Average Principal Balance $225,549 $13,122 to $714,346 Weighted Average Mortgage Rate 7.46% 4.99% to 16.38% Net Weighted Average Mortgage Rate 6.93% 4.49% to 15.88% Adjustable Rate Mortgage Loan Characteristics Weighted Average Gross Margin 6.73% 1.83% to 13.25% Weighted Average Maximum Mortgage Rate 14.43% 10.88% to 23.38% Weighted Average Minimum Mortgage Rate 7.55% 4.63% to 16.38% Weighted Average Initial Periodic Rate Cap 1.84% 1.00% to 3.00% Weighted Average Subsequent Periodic Rate Cap 1.42% 1.00% to 3.00% Weighted Average Original Term (months) 355 180 to 360 Weighted Average Remaining Term (months) 337 144 to 352 Weighted Average Loan-to-Value Ratio 79.91% 22.14% to 100.00% Weighted Average FICO Credit Score 615
CWABS 2003-2 Group 3 Mortgage Loan Programs Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 30Y LIB6M 2 $807,155 0.34 % 2/28 LIB6M 1 $58,687 0.02 2/28 LIB6M 322 $61,678,083 25.94 3/27 LIB6M 491 $116,222,099 48.89 15Yr Fixed 7 $1,455,260 0.61 15Yr Fixed - Second 34 $1,382,359 0.58 15Yr Fixed - Credit Comeback 3 $670,997 0.28 20Yr Fixed 1 $338,117 0.14 20Yr Fixed - Second 5 $188,403 0.08 30Yr Fixed 132 $46,972,672 19.76 30Yr Fixed - Credit Comeback 16 $5,599,110 2.36 30/15 Fixed Balloon 2 $713,711 0.30 30/15 Fixed Balloon - Second 38 $1,642,144 0.69 -------------------------------------------------------------------------------------------------- Total 1,054 $237,728,800 100.00 % ================================================================================================== Mortgage Loan Principal Balances Range of Mortgage Loan Number of Aggregate % of Aggregate Principal Balances ($) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- $0.01 - $25,000.00 21 $432,851 0.18 % $25,000.01 - $50,000.00 82 $3,205,438 1.35 $50,000.01 - $75,000.00 132 $8,221,783 3.46 $75,000.01 - $100,000.00 121 $10,583,637 4.45 $100,000.01 - $150,000.00 139 $17,073,978 7.18 $150,000.01 - $200,000.00 70 $12,043,308 5.07 $200,000.01 - $250,000.00 33 $7,339,529 3.09 $250,000.01 - $300,000.00 25 $6,782,041 2.85 $300,000.01 - $350,000.00 127 $42,368,616 17.82 $350,000.01 - $400,000.00 133 $49,869,901 20.98 $400,000.01 - $450,000.00 78 $32,944,066 13.86 $450,000.01 - $500,000.00 66 $31,418,489 13.22 $500,000.01 - $550,000.00 10 $5,210,743 2.19 $550,000.01 - $600,000.00 10 $5,759,962 2.42 $600,000.01 - $650,000.00 5 $3,102,472 1.31 $650,000.01 - $700,000.00 1 $657,640 0.28 $700,000.01 - $750,000.00 1 $714,346 0.30 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100 % ================================================================================================== CWABS 2003-2 Group 3 Mortgage Rates Range of Mortgage Number of Aggregate % of Aggregate Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 4.501 - 5.000 1 $153,635 0.06 % 5.001 - 5.500 7 $2,345,795 0.99 5.501 - 6.000 41 $14,782,608 6.22 6.001 - 6.500 86 $32,675,316 13.74 6.501 - 7.000 198 $68,160,606 28.67 7.001 - 7.500 119 $34,697,613 14.60 7.501 - 8.000 118 $30,855,690 12.98 8.001 - 8.500 72 $13,154,471 5.53 8.501 - 9.000 81 $11,606,581 4.88 9.001 - 9.500 109 $13,277,925 5.59 9.501 - 10.000 74 $7,291,333 3.07 10.001 - 10.500 34 $2,848,297 1.20 10.501 - 11.000 45 $2,774,418 1.17 11.001 - 11.500 19 $1,023,921 0.43 11.501 - 12.000 31 $1,332,324 0.56 12.001 - 12.500 5 $240,283 0.10 12.501 - 13.000 3 $106,890 0.04 13.001 - 13.500 6 $203,773 0.09 13.501 - 14.000 2 $87,666 0.04 Greater than 14.000 3 $109,655 0.05 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ================================================================================================== Months Remaining to Maturity Months Remaining Number of Aggregate % of Aggregate to Maturity Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 121 - 180 84 $5,864,472 2.47 181 - 300 8 $598,064 0.25 301 - 360 962 $231,266,264 97.28 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ================================================================================================== Loan-to-Value Ratios Range of Number of Aggregate % of Aggregate Loan-to-Value Ratios (%) (1) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 50.00 or Less 53 $7,899,411 3.32 % 50.01-55.00 31 $5,883,181 2.47 55.01-60.00 50 $10,267,159 4.32 60.01-65.00 76 $12,762,890 5.37 65.01-70.00 68 $16,108,366 6.78 70.01-75.00 77 $18,599,721 7.82 75.01-80.00 184 $52,940,519 22.27 80.01-85.00 102 $30,946,636 13.02 85.01-90.00 159 $44,472,690 18.71 90.01-95.00 53 $13,629,759 5.73 95.01-100.00 201 $24,218,469 10.19 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ==================================================================================================
(1) Refers to the Loan-to-Value Ratio with respect to any first lien Mortgage Loan and the Combined Loan-to-Value Ratio with respect to any second lien mortgage loan.
CWABS 2003-2 Group 3 State Distribution of Mortgaged Properties Number of Aggregate % of Aggregate State Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Alabama 14 $1,182,737 0.50 % Arizona 9 $807,622 0.34 Arkansas 5 $905,756 0.38 California 336 $111,809,591 47.03 Colorado 14 $3,674,382 1.55 Connecticut 8 $1,510,050 0.64 Delaware 3 $391,569 0.16 District of Columbia 1 $494,551 0.21 Florida 51 $7,537,433 3.17 Georgia 12 $2,547,420 1.07 Idaho 4 $746,012 0.31 Illinois 24 $5,258,008 2.21 Indiana 25 $3,631,185 1.53 Iowa 3 $193,079 0.08 Kansas 6 $1,139,074 0.48 Kentucky 15 $1,301,891 0.55 Louisiana 17 $3,277,454 1.38 Maryland 16 $3,766,905 1.58 Massachusetts 23 $5,885,028 2.48 Michigan 79 $10,471,084 4.40 Minnesota 14 $2,985,068 1.26 Mississippi 6 $676,409 0.28 Missouri 19 $3,150,450 1.33 Montana 2 $475,444 0.20 Nebraska 2 $107,877 0.05 Nevada 11 $1,800,062 0.76 New Hampshire 3 $419,173 0.18 New Jersey 24 $5,604,399 2.36 New Mexico 2 $470,414 0.20 New York 53 $12,376,574 5.21 North Carolina 15 $2,587,470 1.09 Ohio 17 $1,388,273 0.58 Oklahoma 6 $485,395 0.20 Oregon 11 $1,362,801 0.57 Pennsylvania 25 $2,749,224 1.16 Rhode Island 2 $608,951 0.26 South Carolina 7 $492,005 0.21 South Dakota 1 $63,052 0.03 Tennessee 28 $4,396,192 1.85 Texas 65 $12,313,238 5.18 Utah 14 $3,086,882 1.30 Vermont 1 $383,798 0.16 Virginia 20 $5,403,840 2.27 Washington 22 $5,435,425 2.29 West Virginia 3 $154,174 0.06 Wisconsin 13 $1,710,801 0.72 Wyoming 3 $510,580 0.21 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ================================================================================================== CWABS 2003-2 Group 3 Range of FICO Credit Scores Number of Aggregate % of Aggregate Range of Fico Credit Scores Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 781 - 800 1 $19,618 0.01 % 761 - 780 5 $1,266,154 0.53 741 - 760 10 $2,879,815 1.21 721 - 740 6 $1,392,327 0.59 701 - 720 21 $5,635,757 2.37 681 - 700 50 $12,249,114 5.15 661 - 680 63 $18,163,643 7.64 641 - 660 109 $28,158,399 11.84 621 - 640 135 $34,585,092 14.55 601 - 620 142 $36,754,970 15.46 581 - 600 185 $40,967,482 17.23 561 - 580 112 $23,136,783 9.73 541 - 560 102 $18,008,330 7.58 521 - 540 74 $10,252,537 4.31 501 - 520 38 $4,061,879 1.71 Not Available 1 $196,903 0.08 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100 % ================================================================================================== Types of Mortgaged Properties Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Single Family Residence 849 $186,193,770 78.32 % Planned Unit Development 134 $37,175,220 15.64 Condominium 51 $10,935,008 4.60 2 Family Residence 11 $2,477,206 1.04 Manufactured Housing (1) 5 $613,042 0.26 3 Family Residence 3 $283,104 0.12 4 Family Residence 1 $51,451 0.02 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.0002174 % ================================================================================================== (1) Treated as real property. Purpose of Mortgage Loan Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Refinance (Cash Out) 632 $156,493,649 65.83 % Purchase 342 $62,108,921 26.13 Refinance (Rate/Term) 80 $19,126,230 8.05 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ================================================================================================== CWABS 2003-2 Group 3 Occupancy Types Number of Aggregate % of Aggregate Occupancy Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Owner Occupied 1,026 $233,502,378 98.22 % Non-owner Occupied 24 $2,836,334 1.19 Second Home 4 $1,390,088 0.58 -------------------------------------------------------------------------------------------------- Total 1,054 $237,728,800 100 % ================================================================================================== Document Types Number of Aggregate % of Aggregate Document Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Full Documentation 804 $167,017,410 70.26 % Stated 242 $68,971,925 29.01 Simple 8 $1,739,466 0.73 -------------------------------------------------------------------------------------------------- Total 1054 $237,728,800 100.00 % ================================================================================================== Gross Margin (Excludes Fixed Rate Mortgages) Range of Number of Aggregate % of Aggregate Gross Margins Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1.001 - 2.000 1 $87,561 0.05 % 2.001 - 3.000 1 $153,635 0.09 3.001 - 4.000 4 $1,150,526 0.64 4.001 - 5.000 41 $13,578,026 7.6 5.001 - 6.000 165 $51,548,699 28.84 6.001 - 7.000 179 $53,100,013 29.7 7.001 - 8.000 81 $22,138,069 12.38 8.001 - 9.000 257 $29,619,934 16.57 9.001 - 10.000 60 $5,017,662 2.81 10.001 - 11.000 22 $1,668,364 0.93 11.001 - 12.000 4 $421,204 0.24 Greater than 13.000 1 $282,332 0.16 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100 % ================================================================================================== CWABS 2003-2 Group 3 Subsequent Adjustment Date (Excludes Fixed Rate Mortgages) Subsequent Number of Aggregate % of Aggregate Adjustment Date Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- October-2004 3 $452,762 0.25 % November-2004 7 $1,446,843 0.81 December-2004 15 $3,496,642 1.96 January-2005 31 $4,056,446 2.27 February-2005 79 $15,606,579 8.73 March-2005 91 $17,082,348 9.56 April-2005 78 $15,904,744 8.90 May-2005 21 $4,497,562 2.52 October-2005 2 $678,390 0.38 November-2005 5 $1,295,686 0.72 December-2005 6 $632,886 0.35 January-2006 22 $4,193,528 2.35 February-2006 24 $4,705,339 2.63 March-2006 139 $33,901,612 18.96 April-2006 203 $49,167,259 27.50 May-2006 90 $21,647,399 12.11 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100.00 % ================================================================================================== Maximum Mortgage Rates (Excludes Fixed Rate Mortgages) Range of Maximum Number of Aggregate % of Aggregate Mortgage Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 10.501 - 11.000 1 $391,717 0.22 % 11.501 - 12.000 8 $2,544,556 1.42 12.001 - 12.500 12 $4,176,662 2.34 12.501 - 13.000 32 $11,434,973 6.40 13.001 - 13.500 67 $23,414,720 13.10 13.501 - 14.000 137 $44,613,168 24.96 14.001 - 14.500 93 $24,973,604 13.97 14.501 - 15.000 105 $22,625,193 12.66 15.001 - 15.500 70 $11,640,302 6.51 15.501 - 16.000 57 $8,303,574 4.64 16.001 - 16.500 97 $12,251,976 6.85 16.501 - 17.000 69 $7,061,327 3.95 17.001 - 17.500 31 $2,884,592 1.61 17.501 - 18.000 17 $1,327,864 0.74 18.001 - 18.500 8 $532,623 0.30 18.501 - 19.000 10 $485,484 0.27 19.001 - 19.500 1 $52,238 0.03 Greater than 19.500 1 $51,451 0.03 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100.00 % ================================================================================================== CWABS 2003-2 Group 3 Initial Periodic Rate Cap (Excludes Fixed Rate Mortgages) Initial Periodic Number of Aggregate % of Aggregate Rate Cap (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 8 $1,337,859 0.75 % 1.5 572 $135,590,116 75.85 1.54 1 $99,022 0.06 2 7 $449,696 0.25 3 228 $41,289,332 23.10 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100.00 % ================================================================================================== Subsequent Periodic Rate Cap (Excludes Fixed Rate Mortgages) Subsequent Periodic Number of Aggregate % of Aggregate Rate Cap (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 167 $29,038,641 16.24 % 1.5 646 $149,483,555 83.62 3 3 $243,829 0.14 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100.00 % ================================================================================================== Minimum Mortgage Rates (Excludes Fixed Rate Mortgages) Range of Minimum Number of Aggregate % of Aggregate Mortgage Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 4.001 - 5.000 2 $374,616 0.21 % 5.001 - 6.000 35 $12,516,151 7.00 6.001 - 7.000 198 $67,184,739 37.58 7.001 - 8.000 191 $50,231,633 28.10 8.001 - 9.000 144 $22,785,380 12.75 9.001 - 10.000 174 $20,118,028 11.25 Greater than 10.000 72 $5,555,478 3.11 -------------------------------------------------------------------------------------------------- Total 816 $178,766,026 100.00 % ==================================================================================================
CWABS 2003-2 Group 4 Summary of Loans in Group 4 (As of Calculation Date) Range ----- Total Number of Group 4 Mortgage Loans 311 Total Outstanding Principal Balance $79,906,835 Average Principal Balance $256,935 $9,930 to $1,129,204 Weighted Average Mortgage Rate 7.13% 5.50% to 15.50% Net Weighted Average Mortgage Rate 6.55% 5.00% to 15.00% Weighted Average Original Term (months) 342 120 to 360 Weighted Average Remaining Term (months) 322 94 to 344 Weighted Average Loan-to-Value Ratio 78.39% 36.61% to 100.00% Weighted Average FICO Credit Score 632
CWABS 2003-2 Group 4 Mortgage Loan Programs Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 10Yr Fixed - Second 1 $13,021 0.02 % 15Yr Fixed 5 $1,459,498 1.83 15Yr Fixed - Second 34 $1,253,598 1.57 15Yr Fixed - Credit Comeback 2 $366,842 0.46 20Yr Fixed 3 $791,331 0.99 20Yr Fixed - Second 10 $332,433 0.42 30Yr Fixed 190 $66,833,046 83.64 30Yr Fixed - Credit Comeback 14 $4,894,779 6.13 30/15 Fixed Balloon 4 $1,802,445 2.26 30/15 Fixed Balloon - Second 48 $2,159,841 2.7 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Mortgage Loan Principal Balances Range of Mortgage Loan Number of Aggregate % of Aggregate Principal Balances ($) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- $0.01 - $25,000.00 27 $507,169 0.63 % $25,000.01 - $50,000.00 52 $1,826,788 2.29 $50,000.01 - $75,000.00 23 $1,376,994 1.72 $75,000.01 - $100,000.00 8 $688,818 0.86 $100,000.01 - $150,000.00 3 $383,292 0.48 $150,000.01 - $200,000.00 12 $2,122,358 2.66 $200,000.01 - $250,000.00 6 $1,375,741 1.72 $250,000.01 - $300,000.00 4 $1,053,986 1.32 $300,000.01 - $350,000.00 59 $19,571,419 24.49 $350,000.01 - $400,000.00 53 $19,987,738 25.01 $400,000.01 - $450,000.00 27 $11,511,644 14.41 $450,000.01 - $500,000.00 22 $10,430,935 13.05 $500,000.01 - $550,000.00 5 $2,653,514 3.32 $550,000.01 - $600,000.00 8 $4,594,292 5.75 $650,000.01 - $700,000.00 1 $692,944 0.87 Greater than $900,000.00 1 $1,129,204 1.41 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== CWABS 2003-2 Group 4 Mortgage Rates Range of Mortgage Number of Aggregate % of Aggregate Rates (%) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 5.001 - 5.500 2 $767,383 0.96 % 5.501 - 6.000 17 $8,198,950 10.26 6.001 - 6.500 34 $13,553,765 16.96 6.501 - 7.000 74 $28,482,201 35.64 7.001 - 7.500 46 $16,114,926 20.17 7.501 - 8.000 17 $5,299,763 6.63 8.001 - 8.500 8 $1,520,984 1.9 8.501 - 9.000 4 $1,045,914 1.31 9.001 - 9.500 3 $318,563 0.4 9.501 - 10.000 16 $1,210,836 1.52 10.001 - 10.500 4 $145,255 0.18 10.501 - 11.000 27 $945,578 1.18 11.001 - 11.500 13 $471,956 0.59 11.501 - 12.000 29 $1,017,952 1.27 12.001 - 12.500 3 $222,983 0.28 12.501 - 13.000 5 $141,104 0.18 13.001 - 13.500 5 $250,040 0.31 13.501 - 14.000 1 $11,576 0.01 Greater than 14.000 3 $187,107 0.23 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Months Remaining to Maturity Months Remaining Number of Aggregate % of Aggregate to Maturity Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 1 - 120 1 $13,021 0.02 121 - 180 94 $7,366,203 9.22 181 - 300 16 $2,106,383 2.64 301 - 360 200 $70,421,228 88.13 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Loan-to-Value Ratios Range of Number of Aggregate % of Aggregate Loan-to-Value Ratios (%) (1) Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 50.00 or Less 7 $2,338,939 2.93 % 50.01-55.00 2 $865,264 1.08 55.01-60.00 6 $2,669,939 3.34 60.01-65.00 8 $2,967,427 3.71 65.01-70.00 32 $10,435,236 13.06 70.01-75.00 41 $12,321,829 15.42 75.01-80.00 48 $16,801,276 21.03 80.01-85.00 27 $9,573,479 11.98 85.01-90.00 41 $13,042,033 16.32 90.01-95.00 10 $2,964,370 3.71 95.01-100.00 89 $5,927,044 7.42 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== CWABS 2003-2 Group 4 State Distribution of Mortgaged Properties Number of Aggregate % of Aggregate State Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Alabama 2 $76,898 0.1 % Arizona 4 $792,949 0.99 Arkansas 1 $64,045 0.08 California 128 $41,179,067 51.53 Colorado 4 $1,051,514 1.32 Connecticut 1 $374,321 0.47 Florida 14 $3,708,123 4.64 Georgia 2 $391,677 0.49 Hawaii 2 $560,759 0.7 Idaho 4 $1,027,240 1.29 Indiana 3 $80,711 0.1 Kansas 1 $28,392 0.04 Kentucky 3 $78,923 0.1 Louisiana 4 $560,325 0.7 Maine 2 $515,497 0.65 Maryland 4 $724,910 0.91 Massachusetts 6 $1,844,108 2.31 Michigan 7 $1,573,601 1.97 Minnesota 1 $692,944 0.87 Mississippi 2 $655,655 0.82 Missouri 2 $52,533 0.07 Nebraska 1 $46,136 0.06 Nevada 1 $26,805 0.03 New Hampshire 1 $25,860 0.03 New Jersey 6 $2,025,946 2.54 New York 34 $8,800,983 11.01 North Carolina 3 $97,714 0.12 North Dakota 1 $14,404 0.02 Ohio 6 $1,425,713 1.78 Oklahoma 1 $49,773 0.06 Oregon 7 $973,334 1.22 Pennsylvania 5 $1,166,406 1.46 South Dakota 1 $28,201 0.04 Tennessee 5 $1,564,460 1.96 Texas 10 $3,066,643 3.84 Utah 10 $1,055,879 1.32 Virginia 7 $1,305,141 1.63 Washington 14 $2,176,626 2.72 Wisconsin 1 $22,622 0.03 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== CWABS 2003-2 Group 4 Range of FICO Credit Scores Number of Aggregate % of Aggregate Range of Fico Credit Scores Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- 801 - 820 2 $681,908 0.85 % 781 - 800 2 $929,043 1.16 761 - 780 6 $1,986,222 2.49 741 - 760 2 $128,430 0.16 721 - 740 4 $965,229 1.21 701 - 720 9 $2,108,630 2.64 681 - 700 18 $5,299,936 6.63 661 - 680 32 $7,648,906 9.57 641 - 660 46 $9,324,904 11.67 621 - 640 55 $13,112,941 16.41 601 - 620 59 $16,484,729 20.63 581 - 600 37 $11,880,247 14.87 561 - 580 20 $5,992,979 7.5 541 - 560 12 $2,445,367 3.06 521 - 540 5 $675,680 0.85 501 - 520 1 $197,016 0.25 500 or less 1 $44,667 0.06 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Types of Mortgaged Properties Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Single Family Residence 258 $65,194,063 81.59 % Planned Unit Development 38 $12,212,606 15.28 2 Family Residence 5 $1,344,601 1.68 Condominium 10 $1,155,566 0.91 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Purpose of Mortgage Loan Number of Aggregate % of Aggregate Description Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Refinance (Cash Out) 181 $57,680,822 72.19 % Refinance (Rate/Term) 31 $11,794,441 14.76 Purchase 99 $10,431,572 13.05 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== CWABS 2003-2 Group 4 Occupancy Types Number of Aggregate % of Aggregate Occupancy Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Owner Occupied 310 $79,849,176 99.93 % Non-owner Occupied 1 $57,659 0.07 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ================================================================================================== Document Types Number of Aggregate % of Aggregate Document Type Mortgage Loans Principal Balance Principal Balance -------------------------------------------------------------------------------------------------- Full Documentation 245 $59,822,946 74.87 % Stated 63 $19,203,471 24.03 Simple 3 $880,418 1.1 -------------------------------------------------------------------------------------------------- Total 311 $79,906,835 100 % ==================================================================================================
EXHIBIT 2 THE Distribution Date: 9/27/04 BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
Certificateholder Monthly Distribution Summary - ------------------------------------------------------------------------------------------------------------------------ Certificate Pass Class Rate Beginning Through Principal Interest Class Cusip Description Type Balance Rate (%) Distribution Distribution - ------------------------------------------------------------------------------------------------------------------------ 1A 126671YQ3 Senior Var-Act/360 361,118,631.36 1.72 27,249,829.06 553,715.23 2A1 126671YR1 Senior Var-Act/360 0.00 1.68 0.00 0.00 2A2 126671YS9 Senior Fix-30/360 21,126,068.82 2.30 21,126,068.82 40,597.26 2A3 126671YT7 Senior Fix-30/360 151,668,000.00 2.85 1,133,951.46 361,349.01 2A4 126671YU4 Senior Fix-30/360 69,083,000.00 3.95 0.00 227,455.78 2A5 126671YV2 Senior Fix-30/360 71,721,000.00 4.90 0.00 293,279.12 2A6 126671YW0 Senior Fix-30/360 72,500,000.00 4.26 0.00 257,435.42 3A 126671YX8 Senior Var-Act/360 209,273,392.76 1.86 17,354,150.61 346,928.78 4A 126671YY6 Senior Fix-30/360 70,587,998.15 3.87 3,441,864.93 227,705.12 P 126671A30 Senior Fix-30/360 100.00 0.00 0.00 1,602,112.81 C 126671A22 Strip IO Fix-30/360 1,236,578,091.09 0.00 0.00 3,091,249.02 AR 126671A48 Senior Fix-30/360 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ M1 126671YZ3 Mezzanine Var-Act/360 94,275,000.00 2.31 0.00 193,997.00 M2 126671ZA7 Mezzanine Var-Act/360 78,563,000.00 3.26 0.00 228,007.28 M3 126671ZC3 Mezzanine Var-Act/360 18,855,000.00 4.81 0.00 80,699.40 B 126671ZB5 Junior Var-Act/360 7,332,000.00 5.11 0.00 33,336.16 - ------------------------------------------------------------------------------------------------------------------------ Totals 1,226,103,191.09 70,305,864.88 7,537,867.39 - ------------------------------------------------------------------------------------------------------------------------ The Class C interest distribution includes $1.85 investment earnings for the fixed carryover reserve fund. - -------------------------------------------------------------------------------------- Current Cumulative Total Realized Ending Realized Class Cusip Distribution Losses Balance Losses - -------------------------------------------------------------------------------------- 1A 126671YQ3 27,803,544.29 0.00 333,868,802.30 0.00 2A1 126671YR1 0.00 0.00 0.00 0.00 2A2 126671YS9 21,166,666.08 0.00 0.00 0.00 2A3 126671YT7 1,495,300.47 0.00 150,534,048.54 0.00 2A4 126671YU4 227,455.78 0.00 69,083,000.00 0.00 2A5 126671YV2 293,279.12 0.00 71,721,000.00 0.00 2A6 126671YW0 257,435.42 0.00 72,500,000.00 0.00 3A 126671YX8 17,701,079.39 0.00 191,919,242.15 0.00 4A 126671YY6 3,669,570.04 0.00 67,146,133.22 0.00 P 126671A30 1,602,112.81 0.00 100.00 0.00 C 126671A22 3,091,249.02 0.00 1,166,272,226.22 0.00 AR 126671A48 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------- M1 126671YZ3 193,997.00 0.00 94,275,000.00 0.00 M2 126671ZA7 228,007.28 0.00 78,563,000.00 0.00 M3 126671ZC3 80,699.40 0.00 18,855,000.00 0.00 B 126671ZB5 33,336.16 0.00 7,332,000.00 0.00 - -------------------------------------------------------------------------------------- Totals 77,843,732.26 0.00 1,155,797,326.21 0.00 - --------------------------------------------------------------------------------------
Page 1 THE Distribution Date: 9/27/04 BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
Principal Distribution Detail - --------------------------------------------------------------------------------------------------------------------------------- Original Beginning Scheduled Unscheduled Net Certificate Certificate Principal Accretion Principal Principal Class Cusip Balance Balance Distribution Principal Adjustments Distribution - --------------------------------------------------------------------------------------------------------------------------------- 1A 126671YQ3 710,425,000.00 361,118,631.36 27,249,829.06 0.00 27,249,829.06 2A1 126671YR1 244,620,000.00 0.00 0.00 0.00 0.00 2A2 126671YS9 46,533,000.00 21,126,068.82 21,126,068.82 0.00 21,126,068.82 2A3 126671YT7 151,668,000.00 151,668,000.00 1,133,951.46 0.00 1,133,951.46 2A4 126671YU4 69,083,000.00 69,083,000.00 0.00 0.00 0.00 2A5 126671YV2 71,721,000.00 71,721,000.00 0.00 0.00 0.00 2A6 126671YW0 72,500,000.00 72,500,000.00 0.00 0.00 0.00 3A 126671YX8 412,906,000.00 209,273,392.76 17,354,150.61 0.00 17,354,150.61 4A 126671YY6 116,519,000.00 70,587,998.15 3,441,864.93 0.00 3,441,864.93 P 126671A30 100.00 100.00 0.00 0.00 0.00 C 126671A22 2,095,000,200.00 1,236,578,091.09 0.00 0.00 0.00 AR 126671A48 100.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- M1 126671YZ3 94,275,000.00 94,275,000.00 0.00 0.00 0.00 M2 126671ZA7 78,563,000.00 78,563,000.00 0.00 0.00 0.00 M3 126671ZC3 18,855,000.00 18,855,000.00 0.00 0.00 0.00 B 126671ZB5 7,332,000.00 7,332,000.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 2,095,000,200.00 1,226,103,191.09 70,305,864.88 0.00 70,305,864.88 - --------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------- Current Ending Ending Realized Certificate Certificate Class Cusip Losses Balance Factor - ----------------------------------------------------------------------------- 1A 126671YQ3 0.00 333,868,802.30 0.46995643777 2A1 126671YR1 0.00 0.00 0.00000000000 2A2 126671YS9 0.00 0.00 0.00000000000 2A3 126671YT7 0.00 150,534,048.54 0.99252346273 2A4 126671YU4 0.00 69,083,000.00 1.00000000000 2A5 126671YV2 0.00 71,721,000.00 1.00000000000 2A6 126671YW0 0.00 72,500,000.00 1.00000000000 3A 126671YX8 0.00 191,919,242.15 0.46480129170 4A 126671YY6 0.00 67,146,133.22 0.57626767497 P 126671A30 0.00 100.00 1.00000000000 C 126671A22 0.00 1,166,272,226.22 0.55669313359 AR 126671A48 0.00 0.00 0.00000000000 - ----------------------------------------------------------------------------- M1 126671YZ3 0.00 94,275,000.00 1.00000000000 M2 126671ZA7 0.00 78,563,000.00 1.00000000000 M3 126671ZC3 0.00 18,855,000.00 1.00000000000 B 126671ZB5 0.00 7,332,000.00 1.00000000000 - ----------------------------------------------------------------------------- Totals 0.00 1,155,797,326.21 - -----------------------------------------------------------------------------
Page 2 THE Distribution Date: 9/27/04 BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
Interest Distribution Detail - ----------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Accrued Cumulative Total Net Unscheduled Certificate Through Optimal Unpaid Deferred Interest Prepayment Interest Interest Class Balance Rate (%) Interest Interest Interest Due Int Shortfall Adjustment Paid - ----------------------------------------------------------------------------------------------------------------------------------- 1A 361,118,631.36 1.725000 553,715.23 0.00 0. 553,715.23 0.00 0.00 553,715.23 2A1 0.00 1.685000 0.00 0.00 0. 0.00 0.00 0.00 0.00 2A2 21,126,068.82 2.306000 40,597.26 0.00 0. 40,597.26 0.00 0.00 40,597.26 2A3 151,668,000.00 2.859000 361,349.01 0.00 0. 361,349.01 0.00 0.00 361,349.01 2A4 69,083,000.00 3.951000 227,455.78 0.00 0. 227,455.78 0.00 0.00 227,455.78 2A5 71,721,000.00 4.907000 293,279.12 0.00 0. 293,279.12 0.00 0.00 293,279.12 2A6 72,500,000.00 4.261000 257,435.42 0.00 0. 257,435.42 0.00 0.00 257,435.42 3A 209,273,392.76 1.865000 346,928.78 0.00 0. 346,928.78 0.00 0.00 346,928.78 4A 70,587,998.15 3.871000 227,705.12 0.00 0. 227,705.12 0.00 0.00 227,705.12 P 100.00 0.000000 0.00 0.00 0. 0.00 0.00 0.00 1,602,112.81 C 1,236,578,091.09 0.000000 0.00 0.00 0. 0.00 0.00 0.00 3,091,249.02 AR 0.00 0.000000 0.00 0.00 0. 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- M1 94,275,000.00 2.315000 193,997.00 0.00 0. 193,997.00 0.00 0.00 193,997.00 M2 78,563,000.00 3.265000 228,007.28 0.00 0. 228,007.28 0.00 0.00 228,007.28 M3 18,855,000.00 4.815000 80,699.40 0.00 0. 80,699.40 0.00 0.00 80,699.40 B 7,332,000.00 5.115000 33,336.16 0.00 0. 33,336.16 0.00 0.00 33,336.16 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 1,226,103,191.09 2,844,505.56 0.00 0. 2,844,505.56 0.00 0.00 7,537,867.39 - ----------------------------------------------------------------------------------------------------------------------------------- Page 3
THE Distribution Date: 9/27/04 BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
Current Payment Information Factors per $1,000 - ---------------------------------------------------------------------------------------------------------------------------------- Original Beginning Cert. Ending Cert. Pass Certificate Notional Principal Interest Notional Through Class Cusip Balance Balance Distribution Distribution Balance Rate (%) - ---------------------------------------------------------------------------------------------------------------------------------- 1A 126671YQ3 710,425,000.00 508.313518473 38.357080701 0.779414062 469.956437772 1.725000 2A1 126671YR1 244,620,000.00 0.000000000 0.000000000 0.000000000 0.000000000 1.685000 2A2 126671YS9 46,533,000.00 454.001865779 454.001865779 0.872440252 0.000000000 2.306000 2A3 126671YT7 151,668,000.00 1,000.000000000 7.476537274 2.382500000 992.523462726 2.859000 2A4 126671YU4 69,083,000.00 1,000.000000000 0.000000000 3.292500000 1,000.000000000 3.951000 2A5 126671YV2 71,721,000.00 1,000.000000000 0.000000000 4.089166667 1,000.000000000 4.907000 2A6 126671YW0 72,500,000.00 1,000.000000000 0.000000000 3.550833333 1,000.000000000 4.261000 3A 126671YX8 412,906,000.00 506.830592826 42.029301126 0.840212494 464.801291700 1.865000 4A 126671YY6 116,519,000.00 605.806762393 29.539087419 1.954231648 576.267674975 3.871000 P 126671A30 100.00 1,000.000000000 0.000000000 16,021,128.100000001 1,000.000000000 0.000000 C 126671A22 2,095,000,200.00 590.252015771 0.000000000 1.475536387 556.693133595 0.000000 AR 126671A48 100.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000 - ---------------------------------------------------------------------------------------------------------------------------------- M1 126671YZ3 94,275,000.00 1,000.000000000 0.000000000 2.057777778 1,000.000000000 2.315000 M2 126671ZA7 78,563,000.00 1,000.000000000 0.000000000 2.902222222 1,000.000000000 3.265000 M3 126671ZC3 18,855,000.00 1,000.000000000 0.000000000 4.280000000 1,000.000000000 4.815000 B 126671ZB5 7,332,000.00 1,000.000000000 0.000000000 4.546666667 1,000.000000000 5.115000 - ---------------------------------------------------------------------------------------------------------------------------------- Totals 2,095,000,200.00 585.252063981 33.558882181 3.598027050 551.693181800 - ----------------------------------------------------------------------------------------------------------------------------------
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ------------------------------------------------------------------------------- Pool Level Data Distribution Date 9/27/04 Cut-off Date 4/ 1/03 Determination Date 9/ 1/04 Accrual Period 30/360 Begin 8/ 1/04 End 9/ 1/04 Number of Days in 30/360 Accrual Period 30 Accrual Period Actual Days Begin 8/26/04 End 9/27/04 Number of Days in Actual Accrual Period 32 - -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------- Collateral Information Group 1 Group 2 Group 3 - --------------------------------------------------------------------------------------------------------------------------------- Cut-Off Date Balance 784,999,989.11 724,999,748.11 456,249,884.97 Beginning Aggregate Pool Stated Principal Balance 440,191,218.89 457,955,552.63 255,082,674.24 Ending Aggregate Pool Stated Principal Balance 412,940,751.47 435,695,839.63 237,728,799.92 Beginning Aggregate Loan Count 2921 3177 1127 Loans Paid Off or Otherwise Removed Pursuant to PSA 161 137 73 Ending Aggregate Loan Count 2760 3040 1054 Beginning Weighted Average Loan Rate (WAC) 7.539541% 7.418350% 7.468156% Ending Weighted Average Loan Rate (WAC) 7.544144% 7.418078% 7.460218% Beginning Net Weighted Average Loan Rate 5.517938% 6.066082% 5.849424% Ending Net Weighted Average Loan Rate 5.522412% 6.059798% 5.862332% Weighted Average Maturity (WAM) (Months) 341 325 338 Servicer Advances 283,505.89 158,869.20 165,797.69 Aggregate Pool Prepayment 26,634,499.62 21,687,595.36 17,061,966.43 Pool Prepayment Rate (CPR) 53.0956 44.2901 56.6193 - ---------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------- Collateral Information Group 4 Total - --------------------------------------------------------------------------------------------------------------------------------- Cut-Off Date Balance 128,747,388.30 2,094,997,010.49 Beginning Aggregate Pool Stated Principal Balance 83,348,645.33 1,236,578,091.09 Ending Aggregate Pool Stated Principal Balance 79,906,835.20 1,166,272,226.22 Beginning Aggregate Loan Count 328 7553 Loans Paid Off or Otherwise Removed Pursuant to PSA 17 388 Ending Aggregate Loan Count 311 7165 - ---------------------------------------------------------------------------------------------------------------------------------
Page 1
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- --------------------------------------------------------------------------------------------------------------------------------- Collateral Information Group 4 Total - --------------------------------------------------------------------------------------------------------------------------------- Beginning Weighted Average Loan Rate (WAC) 7.147822% 7.453531% Ending Weighted Average Loan Rate (WAC) 7.128828% 7.451486% Beginning Net Weighted Average Loan Rate 6.030967% 5.823897% Ending Net Weighted Average Loan Rate 6.018283% 5.826431% Weighted Average Maturity (WAM) (Months) 325 333 Servicer Advances 28,083.28 636,256.06 Aggregate Pool Prepayment 3,355,890.35 68,739,951.76 Pool Prepayment Rate (CPR) 38.9621 49.9018 - ---------------------------------------------------------------------------------------------------------------------------------
Page 2
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ---------------------------------------------------------------------------------------------------------------------------------- Delinquency Information Group 1 Group 2 Group 3 - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 13,736,712.46 3.326558% 7,928,262.04 1.819678% 6,681,983.93 2.810759% # of loans 96 3.478261% 65 2.138158% 40 3.795066% 60-89 Days Balance 2,900,143.76 0.702315% 1,476,087.44 0.338789% 929,327.05 0.390919% # of loans 18 0.652174% 10 0.328947% 8 0.759013% 90+ Days Balance 1,368,890.66 0.331498% 669,416.07 0.153643% 2,219,852.11 0.933775% # of loans 12 0.434783% 7 0.230263% 12 1.138520% - ----------------------------- -------------------------- --------------------------- --------------------------- Total Balance 18,005,746.88 4.360371% 10,073,765.55 2.312110% 9,831,163.09 4.135453% # of loans 126 4.565217% 82 2.697368% 60 5.692600% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- Delinquency Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 68,737.09 0.086022% 28,415,695.52 2.436455% # of loans 2 0.643087% 203 2.833217% 60-89 Days Balance 240,966.18 0.301559% 5,546,524.43 0.475577% # of loans 2 0.643087% 38 0.530356% 90+ Days Balance 1,420,939.63 1.778245% 5,679,098.47 0.486945% # of loans 5 1.607717% 36 0.502442% - --------------------------------- ---------------------------- ---------------------------------------- Total Balance 1,730,642.90 2.165826% 39,641,318.42 3.398976% # of loans 9 2.893891% 277 3.866015% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- Foreclosure Information Group 1 Group 2 Group 3 - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 276,986.83 0.067077% 173,516.38 0.039825% 0.00 0.000000% # of loans 1 0.036232% 1 0.032895% 0 0.000000% 60-89 Days Balance 3,192,827.58 0.773193% 1,493,036.24 0.342679% 1,137,013.59 0.478282% # of loans 25 0.905797% 13 0.427632% 6 0.569260% 90+ Days Balance 6,304,855.53 1.526818% 3,683,425.02 0.845412% 3,945,629.98 1.659719% # of loans 41 1.485507% 35 1.151316% 27 2.561670% - ----------------------------- ------------------------- -------------------------- --------------------------- Total Balance 9,774,669.94 2.367088% 5,349,977.64 1.227916% 5,082,643.57 2.138001% # of loans 67 2.427536% 49 1.611842% 33 3.130930% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- Foreclosure Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 0.00 0.000000% 450,503.21 0.038628% # of loans 0 0.000000% 2 0.027913% - ----------------------------------------------------------------------------------------------------------------------------------
Page 3
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ---------------------------------------------------------------------------------------------------------------------------------- Foreclosure Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- 60-89 Days Balance 0.00 0.000000% 5,822,877.41 0.499273% # of loans 0 0.000000% 44 0.614096% 90+ Days Balance 1,390,529.49 1.740188% 15,324,440.02 1.313968% # of loans 4 1.286174% 107 1.493371% - --------------------------------- ---------------------------- ----------------------------------- Total Balance 1,390,529.49 1.740188% 21,597,820.64 1.851868% # of loans 4 1.286174% 153 2.135380% - ----------------------------------------------------------------------------------------------------------------------------------
Page 4
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ---------------------------------------------------------------------------------------------------------------------------------- Bankruptcy Information Group 1 Group 2 Group 3 - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 553,836.92 0.134120% 337,148.08 0.077382% 63,587.43 0.026748% # of loans 3 0.000000% 2 0.000000% 1 0.000000% 60-89 Days Balance 88,738.98 0.021490% 0.00 0.000000% 136,562.69 0.057445% # of loans 1 0.000000% 0 0.000000% 1 0.000000% 90+ Days Balance 4,475,853.36 1.083897% 2,223,826.08 0.510408% 2,449,094.77 1.030205% # of loans 33 0.000000% 15 0.000000% 19 0.000000% - ----------------------------- -------------------------- --------------------------- --------------------------- Total Balance 5,118,429.26 1.239507% 2,560,974.16 0.587789% 2,649,244.89 1.114398% # of loans 37 0.000000% 17 0.000000% 21 0.000000% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- Bankruptcy Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 0.00 0.000000% 954,572.43 0.081848% # of loans 0 0.000000% 6 0.083740% 60-89 Days Balance 0.00 0.000000% 225,301.67 0.019318% # of loans 0 0.000000% 2 0.027913% 90+ Days Balance 249,709.13 0.312500% 9,398,483.34 0.805857% # of loans 4 0.000000% 71 0.990928% Total Balance 249,709.13 0.312500% 10,578,357.44 0.907023% # of loans 4 0.000000% 79 1.102582% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- REO Information Group 1 Group 2 Group 3 - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 0.00 0.000000% 0.00 0.000000% 0.00 0.000000% # of loans 0 0.000000% 0 0.000000% 0 0.000000% 60-89 Days Balance 0.00 0.000000% 0.00 0.000000% 0.00 0.000000% # of loans 0 0.000000% 0 0.000000% 0 0.000000% 90+ Days Balance 4,872,748.07 1.180011% 2,459,609.14 0.564524% 3,461,973.54 1.456270% # of loans 32 0.000000% 22 0.000000% 19 0.000000% - ----------------------------- -------------------------- -------------------------- ---------------------------- Total Balance 4,872,748.07 1.180011% 2,459,609.14 0.564524% 3,461,973.54 1.456270% # of loans 32 0.000000% 22 0.000000% 19 0.000000% - ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- REO Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- 30-59 Days Balance 0.00 0.000000% 0.00 0.000000% # of loans 0 0.000000% 0 0.000000% 60-89 Days Balance 0.00 0.000000% 0.00 0.000000% - ----------------------------------------------------------------------------------------------------------------------------------
Page 5
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ---------------------------------------------------------------------------------------------------------------------------------- REO Information Group 4 Total - ---------------------------------------------------------------------------------------------------------------------------------- # of loans 0 0.000000% 0 0.000000% 90+ Days Balance 321,204.14 0.401973% 11,115,534.89 0.953082% # of loans 1 0.000000% 74 1.032798% - --------------------------------- --------------------------- ----------------------------------- Total Balance 321,204.14 0.401973% 11,115,534.89 0.953082% # of loans 1 0.000000% 74 1.032798% - ----------------------------------------------------------------------------------------------------------------------------------
Page 6
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ----------------------------------------------------------------------------------------------------------------------- Aggregate Book Value/Loss Info - ----------------------------------------------------------------------------------------------------------------------- Group 1 Group 2 Group 3 Book Value of all REO Loans 0.00 0.00 0.00 Percentage of Total Pool Balance 0.000000% 0.000000% 0.000000% Current Realized Losses 1,072.20 47.12 0.00 Additional (Gains)/Losses (3,947.20) 0.00 0.00 Cumulative Losses 121,542.32 9,633.09 206,560.97 - -----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------- Aggregate Book Value/Loss Info - ----------------------------------------------------------------------------------------------------------------------- Group 4 Book Value of all REO Loans 0.00 Percentage of Total Pool Balance 0.000000% Current Realized Losses 0.00 Additional (Gains)/Losses 0.00 Cumulative Losses 76,873.85 - -----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------- Certificate Account - Deposits ----------------------------------------------------------------------------------- Beginning Balance -1,534,979.33 Payments of Interest and Principal 77,498,222.96 Liquidation Proceeds 407,099.69 All Other Proceeds 0.00 Other Amounts 0.00 Total Deposits 77,905,322.65 ----------------------------------------------------------------------------------- Certificate Account - Withdrawals Reimbursement of Servicer Advances 0.00 Payment of Master Servicer Fees 444,364.71 Payment of Sub Servicer Fees 63,066.91 Payment of Other Fees 63,066.91 Payment of Insurance Premium(s) 68,494.86 Payment of Personal Mortgage Insurance 1,091,725.76 Other Permitted Withdrawals per the PSA 0.00 ----------------------------------------------------------------------------------- Page 7
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
--------------------------------------------------------------------------- Certificate Account - Withdrawals --------------------------------------------------------------------------- Payment of Principal and Interest 77,843,732.27 Total Withdrawals 79,574,451.43 Ending Balance -3,141,041.19 ---------------------------------------------------------------------------
Page 8
THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ------------------------------------------------------------------------------------------------------------------------- PPIS/Compensating Interest Detail - ------------------------------------------------------------------------------------------------------------------------- Group 1 Group 2 Group 3 Total Gross Prepayment Interest Shortfall 26,228.72 19,597.47 22,696.87 Compensation for Gross PPIS from Servicing Fees 26,228.72 19,597.47 22,696.87 Other Gross PPIS Compensation 0.00 0.00 0.00 - ------------------------------------------------- --------- --------- --------- Total Net PPIS (Non-Supported PPIS) 0.00 0.00 -0.00 - ---------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------- Group 4 Total Gross Prepayment Interest Shortfall 2,353.11 Compensation for Gross PPIS from Servicing Fees 2,353.11 Other Gross PPIS Compensation 0.00 - ------------------------------------------------- --------- Total Net PPIS (Non-Supported PPIS) 0.00 - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- Reserve Fund Information - --------------------------------------------------------------------------------------------------------------------------- Principal Reserve Fund Beginning Balance 100.00 Deposits 0.00 Accrued Interest 0.00 Withdrawals 0.00 Ending Balance 100.00 - ---------------------------------------------------------------------------------------------------------------------------
Page 9 THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- -------------------------------------------------------------------------------------------------------- Subordination/Credit Enhancement - -------------------------------------------------------------------------------------------------------- Overcollateralization Amount 10,475,000.00 Overcollateralization Target Amount 10,475,000.00 Has Trigger Event Occurred YES - -------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------- Prepayment Penalty Information - -------------------------------------------------------------------------------------------------------- Group 1 Prepayment Penalties 1,602,112.81 Group 2 Prepayment Penalties 0.00 Group 3 Prepayment Penalties 0.00 Group 4 Prepayment Penalties 0.00 Total Prepayment Penalties 1,602,112.81 - -------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------- Miscellaneous Details - -------------------------------------------------------------------------------------------------------- 1-A Guaranty Fee 33,102.54 2-A Guaranty Fee 35,392.32 PMI Mortgage Insurance Paid 1,091,725.76 - --------------------------------------------------------------------------------------------------------
Page 10 THE BANK OF NEW YORK 101 Barclay St., 8W New York, NY 10286 Countrywide Home Loans Officer: Courtney Bartholomew Asset Backed Certificates 212-815-3236 Series 2003-02 Associate: AnnMarie Cassano 212-815-8318
- ----------------------------------------------------------------------------------------------------------- Loan Level Loss Detail - ----------------------------------------------------------------------------------------------------------- Group Loan ID Liquidation Balance Liquidation Proceeds Realized Loss Group 1 22745269 128,729.34 128,729.34 0.00 31063881 127,785.99 126,713.79 1,072.20 Group 2 22784419 79,304.44 79,257.32 47.12 Group 3 21398134 72,399.24 72,399.24 0.00 Group 4 N/A - -----------------------------------------------------------------------------------------------------------
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