Item 1. Business
Information not provided pursuant to no action request.
Item 2.
Item 2. Properties
Pursuant to no action request, GMAC Mortgage Corporation's (the "Servicer") Annual Statement as to Compliance, dated March 15, 2004 is filed as Exhibit 99.1 under Item 15(a) hereof.
Item 3.
Item 3. Legal Proceedings
There were no legal proceedings.
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 Registrant's Common Equity and Related Stockholder matters
There is no established public trading marker for the Securities.
As of December 31, 2003, the Trust had Less than 300 holders of record of the Notes, computed in accordance with Rule 12g5-1 under the Securities Exchange Act of 1934, as amended.
The remaining information is not provided pursuant to no action request.
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 Data.
See the Servicer's Annual Statement of Compliance that is filed as Exhibit 99.1 under Item 15(a) hereof; see also report dated March 24, 2004 prepared by the Servicer's independent accountant, concerning the Servicer's servicing activities that is filed as Exhibit 99.2 under Item 15(a) hereof.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Information required by Item 304 of Reg. S-K.
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 Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. Not Applicable 2. Not Applicable 3. Exhibits 31 Rule 13a-14(a)/15d-14(a) Certifications 99.1 Annual Statement of Compliance 99.2 Report of Independent Accountants 99.3 Report of Management
(b) Reports on Form 8-K The registrant has filed Current Reports on Form 8-K with the Securities and Exchange Commission dated: None
(c) See (a) 3 above
(d) Not Applicable
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 thereunto duly authorized.
GMACM MORTGAGE LOAN TRUST Series 2003-GH2
/s/ Keith Richardson
Name: Keith Richardson
Title: Attorney-in-Fact
Company: JPMorgan Chase Bank, as Trustee
Date: March 30, 2004
EXHIBIT INDEX Exhibit Number Description 31 Rule 13a-14(a)/15d-14(a) Certifications 99.1 Annual Statement of Compliance 99.2 Report of Independent Accountants 99.3 Report of Management
EXHIBIT 31
Sarbanes-Oxley Certification
I, Keith Richardson, 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 GMACM MORTGAGE LOAN TRUST Series 2003-GH2
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. Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the servicing 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 following unaffiliated parties:
GMAC Mortgage Corporation, as Servicer
Date: March 30, 2004
Signature: /s/ Keith Richardson
Company: JPMorgan Chase Bank, as Trustee
Title: Attorney-in-Fact
EXHIBIT 99.1 -- Servicer's Annual Statement of Compliance
GMAC Mortgage
JPMorgan Institutional Trust Services Attn: Keith Richardson 227 W. Monroe Street, 26th Floor Chicago, IL 60606
Re: 2003 Servicer Certification RAMP 2003-GH2
I, William J. Maguire, certify that:
1. Based on my knowledge, the information in the Annual Statement of Compliance, the Annual Independent Public Accountant's Servicing Report and all servicing reports, officer's certificates and other information relating to the servicing of the Mortgage Loans submitted to the Trustee 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 date of this certification;
2. The servicing information required to be provided to the Trustee by the Servicer under the Servicing Agreement has been provided to the Trustee,
3. I am responsible for reviewing the activities performed by the Servicer under the Servicing Agreement and based upon the review required by the Servicing Agreement, and except as disclosed in the Annual Statement of Compliance or the Annual Independent Public Accountant's Servicing Report, the Servicer has, as of the date of this certification fulfilled its obligation under the Servicing Agreement; and
4. I have disclosed to the Company's certified public accountants all significant deficiencies relating to the Servicer's compliance with the minimum servicing standards in accordance with a review conducted in compliance with the Uniform Single Attestation Program for Mortgage Bankers of similar standard as set forth in the Servicing Agreement.
Servicer: GMAC Mortgage Corporation By: /S/ William J. Maguire Name: William J. Maguire Title: Senior Vice President Date: March 15, 2004
EXHIBIT 99.2 -- Report of Independent Accountants
PriceWaterhouseCoopers LLP 125 High Street Boston, MA 02110 Telephone (617) 530 5000 Facsimile (617) 530 5001
Report of Independent Auditors
To the Board of Directors and Stockholder of GMAC Mortgage Corporation:
We have examined management's assertion about GMAC Mortgage Corporation and its subsidiaries' (the "Company") compliance with the minimum servicing standards ("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 December 31, 2003 included in the accompanying management assertion (see Exhibit 1). Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination.
Our examination was made in accordance with 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 standards and performing such other procedures 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 standards.
In our opinion, management's assertion that the Company complied with the aforementioned standards as of and for the year ended December 31, 2003 is fairly stated, in all material respects.
/S/ PriceWaterhouseCoopers LLP
March 24,2004
EXHIBIT 99.3 -- Report of Management
GMAC Mortgage
Exhibit 1
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 19, 2004
As of and for the year ended December 31, 2003, GMAC Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards (the "Standards") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for the same period, the Company had in effect fidelity bond and errors and omissions policies in the amounts of $125,000,000 and $100,000,000, respectively.
/S/ David Applegate David Applegate Chief Executive Officer GMAC Residential Holding Corp
/s/ Ralph Hall Ralph Hall Chief Operating Officer GMAC Residential Holding Corp