Item 1. Business
Omitted.
Item 2.
Item 2. Properties
Omitted.
Item 3.
Item 3. Legal Proceedings
The Registrant is not aware of any material legal proceeding with respect to, the Company, the Servicer, or the Trustee, in each case if applicable, as related to the Trust.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote or consent of Holders of the Offered Certificates during the fiscal year covered by this report.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
The Trust does not issue stock. There is currently no established secondary market for the Certificates. There are less than 300 participants in the DTC System. As of December 31, 2003 the total number of such DTC participants with respect to each class of certificates is 41.
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial condition and Results of Operations
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
There was no change of accountants or disagreement with accountants on any matter of accounting principles or practices or financial disclosure.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11.
Item 11. Executive Compensation
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Omitted.
Item 13.
Item 13. Certain Relationships and Related Transactions No reportable transactions have occurred.
Item 14.
Item 14. Principal Accounting Fees and Services
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) Not applicable.
(b) Reports on Form 8-K: The following Current Reports on Form 8-K with respect to the Trust were filed by the Registrant for the last quarter of 2003.
Current Reports on Form 8-K dated October 27, 2003, November 25, 2003, and December 26, 2003 were filed for the purpose of filing the Monthly Statement sent to the Holders of the Offered Certificates for payments made on the same date. The items reported in such Current Report were Item 5 and Item 7.
(c) Exhibits to this report.
Annual Independent Accountant's Servicing Report concerning servicing activities, filed as Exhibit 99.1 hereto.
Report of Management as to Compliance with Minimum Servicing Standards for, filed as Exhibit 99.2 herto.
(d) Not applicable.
ALTERNATIVE LOAN TRUST SERIES 2003-A1 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2003-A1 - --------------------------------------------------------
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
NOMURA ASSET ACCEPTANCE CORP.
Date: March 25, 2004 By: /s/ N. Dante LaRocca ----------------------------- Name: N. Dante LaRocca Title: Attorney-in-Fact and Agency
CERTIFICATION Alternative Loan Trust Series 2003-A1 Mortgage Pass-Through Certificates, Series 2003-A1
I, N. Dante LaRocca, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution and servicing reports filed in respect of periods included in the year covered by this annual report, of Alternative Loan Trust Series 2003-A1 Mortgage Pass-Through Certificates, Series 2003-A1 (the "Trust");
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution information required to be prepared by the Trustee based upon the servicing information required to be provided by each Servicer under the Pooling and Servicing Agreement is included in these reports;
4. Based on my knowledge and upon the annual compliance statements included in the report and required to be delivered to the Trustee in accordance with the terms of the Pooling and Servicing Agreement and based upon the review required under the Pooling and Servicing Agreement, and except as disclosed in the report, each Servicer has fulfilled its obligations under the Pooling and Servicing Agreement; and
5. The reports disclose all significant deficiencies relating to each Servicer's compliance with the minimum servicing standards based, in each case, upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar standard as set forth in the Pooling and Servicing Agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Nomura Credit & Capital, Inc., as seller, Option One Mortgage Corporation, as servicer, and JPMorgan Chase Bank, as trustee and custodian.
Nomura Asset Acceptance Corporation
By: /s/ N. Dante LaRocca ------------------------------------- Name: N. Dante LaRocca Title: Attorney-in-Fact and Agency
Dated: March 25, 2004
Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act
The registrant has not sent an annual report or proxy material to its security holders. The registrant will not be sending an annual report or proxy material to its security holders subsequent to the filing of this form.
EXHIBIT INDEX
Exhibit Description
99.1 Annual Independent Accountant's Servicing Report
99.2 Report of Management as to Compliance with Minimum Servicing Standards
EXHIBIT 99.1 Annual Independent Accountant's Servicing Report ---------------
PricewaterhouseCoopers, LLP 350 South Grand Avenue, 49th Floor Los Angeles, CA 90071 Telephone: (213) 356-6000 Facsimile: (213) 637-4444
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholder of Option One Mortgage Corporation
We have examined management's assertion about Option One Mortgage Corporation's (the "Company"), compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended April 30, 2003 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with the minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with attestion standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing other such procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended April 30, 2003 is fairly stated, in all material respects.
By: /s/ PricewaterhouseCoopers, LLC - ------------------------------------ PricewaterhouseCoopers, LLC
July 30, 2003
============================================================================
Opion One Mortgage 6501 Irvine Center Drive Irvine, CA 92618 800.326.1500 fax 949.784.6032
Exhibit I
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standands
July 30, 2003
As of and for the year ended April 30, 2003, Option One Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $30,000,000 and $10,000,000, respectively.
/s/ Robert E. Dubrish, Chief Executive Officer - ----------------------------------------------
/s/ William L. O'Neill, Chief Financial Officer - -----------------------------------------------
/s/ Sheridan Brooks, Controller - -----------------------------------------------
/s/ John A. Vella, Chief Servicing Officer - -----------------------------------------------
EXHIBIT 99.2 Report of Management as to compliance with Minimum Servicing Standards -------------------
Opion One Mortgage 6501 Irvine Center Drive Irvine, CA 92618 800.326.1500 fax 949.784.6032
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standands
July 30, 2003
As of and for the year ended April 30, 2003, Option One Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $30,000,000 and $10,000,000, respectively.
/s/ Robert E. Dubrish, Chief Executive Officer - ----------------------------------------------
/s/ William L. O'Neill, Chief Financial Officer - -----------------------------------------------
/s/ Sheridan Brooks, Controller - -----------------------------------------------
/s/ John A. Vella, Chief Servicing Officer - -----------------------------------------------