Item 1. Business
Information not provided pursuant to No Action Request.
Item 2.
Item 2. Properties
Pursuant to the No Action Request, Residential Funding Corporation's (the "Master Servicer") Annual Statement as to Compliance, dated as of March 30, 2004 is filed as Exhibit 99.1 under Item 16 (a) hereof.
Item 3.
Item 3. Legal Proceedings
The trustee for RALI Series 2000-QS13 has been named as a defendant in the following purported class action lawsuit:
Donald and Hilda Hall et al v. Homecomings Financial Network et al, in Orange County Superior Court, California.
The case was initially filed on July 7, 2003. The case alleges that the servicer failed to reconvey title of the collateral to borrowers within a timely manner after payoff of the borrowers' loans. It attempts to hold both the servicer and the Indenture Trustee, as the beneficiary under the deed of trust, liable for any applicable statutory penalties, seeking monetary damages only. The parties have conditionally agreed upon a settlement of the case. RFC has indemnified the Indenture Trustee for all costs and expenses associated with the litigation, and will pay any settlement, fees and administrative costs related thereto. All loans in question have already been paid-in-full and have no continuing relationship to the trusts in which they previously resided.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to a vote of the Security Holders.
PART II
Item 5.
Item 5. Market for the Registrant's Common Equity and Related Matters.
(a) There is no established public trading market for the Certificates. At December 31, 2003, the number of holders or record of each outstanding series of Certificates is listed in Exhibit 99.3 under Item 15 (a) hereof. (b) Not applicable. (c) Not applicable.
Item 6.
Item 6. Selected Financial Data
Information not provided pursuant to No Action Request.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Information not provided pursuant to No Action Request.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not Applicable.
Item 8.
Item 8. Financial Statements and Supplementary Financial Data
See the Master Servicer's Annual Statement of Compliance that is filed as Exhibit 99.1 under Item 16 (a) hereof; see also report dated February 20, 2004 prepared by the Master Servicer's independent accountant, concerning the Master Servicer's servicing activities that is filed as Exhibit 99.2 under Item 16 (a) hereof.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Information not provided pursuant to No Action Request.
Item 11.
Item 11. Executive Compensation
Information not provided pursuant to No Action Request.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Information required by Item 201(d) of Regulation S-K is not applicable. Remaining information not provided pursuant to No Action Request.
Item 13.
Item 13. Certain Relationships and Related Transactions
Information not provided pursuant to No Action Request.
Item 14.
Item 14. Principal Accountant Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) Exhibit #
Officer's Annual Compliance Statements 99.1 Residential Funding Corporation
Residential Funding Corporation Independent Auditor's 99.2 Report on the Uniform Single Audit Program for Mortgage Bankers
Item 5(a) 99.3
Consent of PricewaterhouseCoopers 99.4
Consent of KPMG LLP, independent auditors of Ambac 99.5 Assurance Corporation and subsidiaries
Audited financial statements for the year ended December 31, 2003 for Municipal Bond Investors Assurance Corporation. *
Audited financial statements for the year ended December 31, 2003 for Ambac Assurance Corporation**
(b) Information not provided pursuant to No Action Request. (c) Information not provided pursuant to No Action Request. (d) Information not provided pursuant to No Action Request.
__________________________
* Incorporated by reference to the audited financial statements of Municipal Bond Investors Assurance Corporation, Inc. filed with the Securities and Exchange Commission on or about March 12, 2004 as part of its Annual Report on Form 10-K (Commission File #1-9583) for the twelve-month period ended December 31, 2003.
** Incorporated by reference to the consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 2003 and 2002, and for each of the years in the three-year period ended December 31, 2003, which report appears in the Annual Report on Form 10-K of Ambac Financial Group, Inc., which was filed with the Securities and Exchange Commission on March 15, 2004 (Securities and Exchange Commission File No. 1-10777). The report of KPMG LLP refers to changes, in 2003, in Ambac Assurance Corporation's methods of accounting for variable interest entities and stock-based compensation.
SIGNATURES
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, thereto duly authorized, on this 30th day of March, 2004.
RESIDENTIAL ACCREDIT LOANS, INC.
By: RESIDENTIAL FUNDING CORPORATION, as Master Servicer
By: /s/ Barbara Wendt Name: Barbara Wendt Title: Managing Director, Master Servicing
CERTIFICATION
I, Barbara Wendt, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Residential Accredit Loans, Inc.;
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 or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based 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 procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the unaffiliated parties listed herein in Annex I attached hereto.
Date: March 30, 2004
/s/ Barbara Wendt Barbara Wendt Managing Director, Master Servicing
Annex I
Subservicers:
1st 2Nd Mortgage Co. Of Nj, Inc. ABN AMRO Mortgage Group, Inc. Accredited Home Lenders, Inc. (Se) Alliance Mortgage Company American Airlines Federal Credit Union Amsouth Bank Bancoklahoma Mtg Corp Bank Of America, N.a. Bank Of Hawaii Bank One, N. A. Bank-fund Staff Federal Credit Union Bb&t Of Virginia Boston Federal Savings Bank Bsi Financial Services, Inc. Carolina First Bank Cendant Mortgage Corporation Cenlar Federal Savings Bank Central Carolina Bank & Trust Central Pacific Bank Centura Bank Century Bank Charter One Mortgage Corporation Chase Manhattan Mortgage Corp. Chevy Chase Sb, Fsb Citimortgage, Inc. City Bank Colonial Savings, F.a. Columbia Equities, Ltd. Columbia National, Inc. Countrywide Home Loans, Inc. Crescent Bank & Trust Company Crescent Mortgage Services, Inc. Cuna Mutual Mortgage Corporation Dollar Bank, Fsb Downey Savings & Loan Assoc., F.a. E.m.c. Corporation Emigrant Mortgage Company Fairbanks Capital Corp Fifth Third Bank First Financial Bank First Hawaiian Bank First Horizon Home Loan Corp First Indiana Bank First Interstate Bank First Nationwide Mortgage Corp. First Republic Bank First West Mortgage Bankers Ltd. First-citizens Bank And Trust Company Of Sc Firstmerit Corporation Franklin National Bank Fremont Bank Gateway Business Bank Ge Mortgage Services, Llc Gmac Mortgage Corp Golden First Mortgage Corp. Graystone Mortgage Corporation Greenpoint Mortgage Funding, Inc. Guaranty Residential Lending, Inc. Guardian Mortgage Company Inc. Hawaii Homeloans, Inc. Home Financing Center, Inc. Homecomings Financial Homeside Lending, Inc. Homestreet Bank Hsbc Mortgage Corporation (Usa) Irwin Mortgage Corporation Liberty Savings Bank Fsb Litton Loan Servicing Llp M & T Mortgage Corporation Master Financial Inc. Matrix Financial Services Corporation Mid America Bank Fsb Mid-state Bank & Trust Mitchell Mortgage Company, L.l.c. Mortgage Access Corp. Mortgage Lenders Network Usa Inc. (Se) Mountain States Mortgage Center, Inc. National City Mortgage Company New Mexico Mortgage Finance Authority New South Federal Savings Bank North American Mortgage Company Ocwen Financial Corporation Pacific Capital Bank, Na Primewest Mortgage Corporation Provident Funding Associates, L.p. Provident Savings Bank F.s.b Republic Bank Sky Financial Group, Inc. Stanford Federal Credit Union Suntrust Mortgage, Inc. Synovus Mortgage Corporation Taylor, Bean & Whitaker Mortgage Corp. Test Company x The Huntington National Bank The Northern Trust Company Third Federal Savings & Loan Assoc. Of Cleveland Tib The Independent Bankersbank Trustcorp Mortgage Company U.S. Bank N.a. Ulster Savings Bank Union Bank Of California, N.a. Wachovia Mortgage Corporation Wall Street Mortgage Bankers Washington Mutual Bank, Fa Wells Fargo Home Mortgage, Inc Westamerica Bank Wilshire Credit Corporation
Trustees:
JP Morgan Chase Bank, as successor in interest to Bank One, National Association Deutsche Bank Trust Company Americas