8-K 1 arc01bc3.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2001 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-35026 Pooling and Servicing Agreement) (Commission (State or other File Number) PENDING jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On September 25, 2001 a distribution was made to holders of AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2001-BC3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC3 Trust, relating to the September 25, 2001 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC3 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 10/4/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC3 Trust, relating to the September 25, 2001 distribution. EX-99.1

Amortizing Residential Collateral Mortgage Trust Mortgage Pass-Through Certificates Record Date: 78/31/01 Distribution Date: 89/2725/01 ARC Series: 2001-BC3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 8635727U1 SEQ 43.~~05250~~84000% ~~275~~267,~~595~~999,~~819~~715.1346 1829,~~023,781~~012.0545 78,~~596~~181,~~103~~503.6713 A-IO 8635727V9 IO 6.00000% 0.00 429,267.16 0.00 M-1 8635727W7 SEQ 4.~~42250~~21000% 8,744,000.00 3529,~~447~~654.8130 0.00 M-2 8635727X5 SEQ 4.~~84250~~63000% 7,154,000.00 3126,~~756~~682.3143 0.00 B 8635727Y3 SEQ 5.~~69250~~48000% 3,180,000.00 1614,~~593~~037.6493 0.00 X ARC01001X SEQ 0.00000% 0.00 ~~684~~830,~~916~~139.2165 0.00 P ARC01001P SEQ 0.00000% 0.00 94194,~~501~~756.5445 0.00 R-I ARC0101R1 RES 0.00000% 0.00 0.00 0.00 R-II ARC0101R2 RES 0.00000% 0.00 0.00 0.00 R-III ARC0101R3 RES 0.00000% 0.00 0.00 0.00 Totals ~~294~~287,~~673~~077,~~819~~715.1346 2,~~316~~353,~~263~~550.7237 78,~~596~~181,~~103~~503.6713

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~267~~259,~~999~~818,~~715~~212.4633 89,~~619~~010,~~884~~515.7258 0.00 A-IO 0.00 0.00 429,267.16 0.00 M-1 0.00 8,744,000.00 3529,~~447~~654.8130 0.00 M-2 0.00 7,154,000.00 3126,~~756~~682.3143 0.00 B 0.00 3,180,000.00 1614,~~593~~037.6493 0.00 X 0.00 0.00 ~~684~~830,~~916~~139.2165 0.00 P 0.00 0.00 94194,~~501~~756.5445 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 ~~287~~278,~~077~~896,~~715~~212.4633 910,~~912~~535,~~367~~053.3950 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 298,897,000.00 ~~275~~267,~~595~~999,~~819~~715.1346 0.00 78,~~596~~181,~~103~~503.6713 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 8,744,000.00 8,744,000.00 0.00 0.00 0.00 0.00 M-2 7,154,000.00 7,154,000.00 0.00 0.00 0.00 0.00 B 3,180,000.00 3,180,000.00 0.00 0.00 0.00 0.00 X 673.09 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 Totals 317,975,673.09 ~~294~~287,~~673~~077,~~819~~715.1346 0.00 78,~~596~~181,~~103~~503.6713 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 78,~~596~~181,~~103~~503.6713 ~~267~~259,~~999~~818,~~715~~212.4633 0.~~89662899~~86925667 78,~~596~~181,~~103~~503.6713 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 8,744,000.00 1.00000000 0.00 M-2 0.00 7,154,000.00 1.00000000 0.00 B 0.00 3,180,000.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 78,~~596~~181,~~103~~503.6713 ~~287~~278,~~077~~896,~~715~~212.4633 0.~~90282918~~87709921 78,~~596~~181,~~103~~503.6713

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 298,897,000.00 ~~922~~896.~~04277437~~62899079 0.00000000 2527.~~41378358~~37231598 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 8,744,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 7,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 3,180,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 673.09 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 2527.~~41378358~~37231598 ~~896~~869.~~62899079~~25667481 0.~~89662899~~86925667 2527.~~41378358~~37231598 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 298,897,000.00 43.~~05250~~84000% ~~275~~267,~~595~~999,~~819~~715.1346 1829,~~023,781~~012.0545 0.00 0.00 A-IO 0.00 6.00000% 85,853,432.00 429,267.16 0.00 0.00 M-1 8,744,000.00 4.~~42250~~21000% 8,744,000.00 3529,~~447~~654.8130 0.00 0.00 M-2 7,154,000.00 4.~~84250~~63000% 7,154,000.00 3126,~~756~~682.3143 0.00 0.00 B 3,180,000.00 5.~~69250~~48000% 3,180,000.00 1614,~~593~~037.6493 0.00 0.00 X 673.09 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 317,975,673.09 1,~~536~~328,~~845~~654.9727 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.0001 0.00 1829,~~023,781~~012.0545 0.00 ~~267~~259,~~999~~818,~~715~~212.4633 A-IO 0.00 0.00 429,267.16 0.00 85,853,432.00 M-1 0.00 0.00 3529,~~447~~654.8130 0.00 8,744,000.00 M-2 0.00 0.00 3126,~~756~~682.3143 0.00 7,154,000.00 B 0.00 0.00 1614,~~593~~037.6493 0.00 3,180,000.00 X 0.00 0.00 ~~684~~830,~~916~~139.2165 0.00 0.00 P 0.00 0.00 94194,~~501~~756.5445 0.00 0.01 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 0.0001 0.00 2,~~316~~353,~~263~~550.7237 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 298,897,000.00 43.~~05250~~84000% ~~922~~896.~~04277437~~62899079 32.~~42519681~~77357233 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M-1 8,744,000.00 4.~~42250~~21000% 1000.00000000 43.~~05395814~~39138838 0.00000000 0.00000000 M-2 7,154,000.00 4.~~84250~~63000% 1000.00000000 43.~~43895862~~72972183 0.00000000 0.00000000 B 3,180,000.00 5.~~69250~~48000% 1000.00000000 54.~~21812579~~41444340 0.00000000 0.00000000 X 673.09 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.~~00000000~~00000003 0.00000000 32.~~42519681~~77357233 0.00000000 ~~896~~869.~~62899079~~25667481 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 43.~~05395814~~39138838 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 43.~~43895862~~72972183 0.00000000 1000.00000000 B 0.00000000 0.00000000 54.~~21812579~~41444340 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~1017570~~1233326.~~02778232~~37537328 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,~~159~~770,~~973~~439.5111 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 95103,~~486~~760.1853 Realized Losses (284,735.5037) Prepayment Penalties 0.00 Total Deposits 10,~~255~~869,~~431~~464.1927 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~343~~334,~~063~~410.8077 Payment of Interest and Principal 910,~~912~~535,~~367~~053.3950 Total Withdrawals (Pool Distribution Amount) 10,~~255~~869,~~431~~464.1927 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~122~~119,~~780~~615.75 ~~Trustee Fee 312.50~~ Loss Mitigation Advisor's Fee 3,~~683~~588.4247 Master Servicing Fee 1,~~529~~481.3489 MGIC Insurance Premiums ~~214~~209,~~757~~412.7916 Special Servicing Fee 0.00 Trustee Fee 312.50 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~343~~334,~~063~~410.8077

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 32 1 0 43 ~~143~~73,~~549~~780.7774 243,~~650~~510.6804 0.00 ~~387~~317,~~200~~290.4578 30 Days 5538 01 0 0 5539 54,~~799~~556,~~598~~549.1209 069,751.0098 0.00 0.00 54,~~799~~626,~~598~~301.1207 60 Days 936 1 51 0 1538 14,~~368~~145,~~803~~471.1388 86,~~628~~585.5917 ~~451~~50,~~097~~673.2752 0.00 14,~~906~~282,~~528~~730.9957 90 Days 73 0 25 0 98 1307,~~109,089~~021.6517 0.00 ~~302~~451,~~779~~097.7527 0.00 1758,~~411,869~~118.4044 120 Days 03 0 34 0 37 0539,719.0026 0.00 ~~430~~337,~~379~~476.7435 0.00 ~~430~~877,~~379~~195.7461 150 Days 0 20 2 0 42 0.00 ~~329,669~~0.1600 ~~280~~100,~~154~~820.3261 0.00 ~~609~~100,~~823~~820.4861 180+ Days 0 02 02 0 04 0.00 0329,669.0016 0280,154.0032 0.00 0609,823.0048 Totals 7180 6 1315 0 90101 89,~~277~~548,~~490~~761.9040 559,~~847~~787.5205 1,~~708~~463,~~061~~732.7611 0.00 1011,~~545~~572,~~400~~280.1856 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~123813~~084854% 0.~~041271~~042427% 0.000000% 0.~~165085~~127280% 0.~~049979~~026441% 0.~~084831~~087269% 0.000000% 0.~~134811~~113710% 30 Days 21.~~269913~~612219% 0.~~000000~~042427% 0.000000% 0.000000% 21.~~269913~~654646% 21.~~019234~~632973% 0.~~000000~~024998% 0.000000% 0.000000% 21.~~019234~~657971% 60 Days 01.~~371440~~527365% 0.~~041271~~042427% 0.~~206356~~042427% 0.000000% 01.~~619067~~612219% 01.~~476573~~485652% 0.~~030161~~031030% 0.~~157058~~018160% 0.000000% 01.~~663792~~534843% 90 Days 0.~~288898~~127280% 0.000000% 0.~~082542~~212134% 0.000000% 0.~~371440~~339415% 0.~~386149~~110030% 0.000000% 0.~~105418~~161664% 0.000000% 0.~~491568~~271694% 120 Days 0.~~000000~~127280% 0.000000% 0.~~123813~~169707% 0.000000% 0.~~123813~~296988% 0.~~000000~~193424% 0.000000% 0.~~149844~~120945% 0.000000% 0.~~149844~~314369% 150 Days 0.000000% 0.~~082542~~000000% 0.~~082542~~084854% 0.000000% 0.~~165085~~084854% 0.000000% 0.~~114780~~000000% 0.~~097541~~036132% 0.000000% 0.~~212321~~036132% 180+ Days 0.000000% 0.~~000000~~084854% 0.~~000000~~084854% 0.000000% 0.~~000000~~169707% 0.000000% 0.~~000000~~118147% 0.~~000000~~100402% 0.000000% 0.~~000000~~218548% Totals 23.~~930252~~394145% 0.~~247627~~254561% 0.~~536525~~636402% 0.000000% 34.~~714404~~285108% 23.~~881956~~422080% 0.~~194921~~200616% 0.~~594692~~524571% 0.000000% 34.~~671569~~147267%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 74 0 0 0 74 ~~441~~189,~~514~~433.5602 0.00 0.00 0.00 ~~441~~189,~~514~~433.5602 60 Days 16 0 10 0 26 ~~144~~335,~~897~~745.4801 0.00 ~~38,958~~0.8000 0.00 ~~183~~335,~~856~~745.2801 90 Days 0 0 01 0 01 0.00 0.00 038,958.0080 0.00 038,958.0080 120 Days 0 0 10 0 10 0.00 0.00 ~~47,644~~0.9700 0.00 ~~47,644~~0.9700 150 Days 0 0 01 0 01 0.00 0.00 047,644.0097 0.00 047,644.0097 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 810 0 2 0 1012 ~~586~~525,~~412~~178.0403 0.00 86,603.77 0.00 ~~673~~611,~~015~~781.8180 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~317881~~374570% 0.000000% 0.000000% 0.000000% 21.~~317881~~374570% 10.~~917091~~848289% 0.000000% 0.000000% 0.000000% 10.~~917091~~848289% 60 Days 02.~~331126~~061856% 0.000000% 0.~~331126~~000000% 0.000000% 02.~~662252~~061856% 01.~~629156~~503481% 0.000000% 0.~~169162~~000000% 0.000000% 01.~~798319~~503481% 90 Days 0.000000% 0.000000% 0.~~000000~~343643% 0.000000% 0.~~000000~~343643% 0.000000% 0.000000% 0.~~000000~~174459% 0.000000% 0.~~000000~~174459% 120 Days 0.000000% 0.000000% 0.~~331126~~000000% 0.000000% 0.~~331126~~000000% 0.000000% 0.000000% 0.~~206878~~000000% 0.000000% 0.~~206878~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~343643% 0.000000% 0.~~000000~~343643% 0.000000% 0.000000% 0.~~000000~~213356% 0.000000% 0.~~000000~~213356% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~649007~~436426% 0.000000% 0.~~662252~~687285% 0.000000% 34.~~311258~~123711% 2.~~546248~~351770% 0.000000% 0.~~376040~~387815% 0.000000% 2.~~922288~~739585% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 32 1 0 43 ~~143~~73,~~549~~780.7774 243,~~650~~510.6804 0.00 ~~387~~317,~~200~~290.4578 30 Days 4834 01 0 0 4835 54,~~358~~367,~~083~~116.5607 069,751.0098 0.00 0.00 54,~~358~~436,~~083~~868.5605 60 Days 830 1 41 0 1332 13,~~223~~809,~~905~~726.6587 86,~~628~~585.5917 ~~412~~50,~~138~~673.4752 0.00 13,~~722~~946,~~672~~985.7156 90 Days 73 0 24 0 97 1307,~~109,089~~021.6517 0.00 ~~302~~412,~~779~~138.7547 0.00 1719,~~411,869~~159.4064 120 Days 03 0 24 0 27 0539,719.0026 0.00 ~~382~~337,~~734~~476.7735 0.00 ~~382~~877,~~734~~195.7761 150 Days 0 20 21 0 41 0.00 ~~329,669~~0.1600 ~~280~~53,~~154~~175.3264 0.00 ~~609~~53,~~823~~175.4864 180 Days 0 02 02 0 04 0.00 0329,669.0016 0280,154.0032 0.00 0609,823.0048 Totals 6370 6 1113 0 8089 79,~~691~~023,~~078~~583.8637 559,~~847~~787.5205 1,~~621~~377,~~457~~128.9934 0.00 910,~~872~~960,~~384~~498.3776 0-29 Days 0.~~141443~~096805% 0.~~047148~~048403% 0.000000% 0.~~188590~~145208% 0.~~054336~~028742% 0.~~092226~~094861% 0.000000% 0.~~146563~~123602% 30 Days 21.~~263083~~645692% 0.~~000000~~048403% 0.000000% 0.000000% 21.~~263083~~694095% 21.~~028138~~701235% 0.~~000000~~027172% 0.000000% 0.000000% 21.~~028138~~728407% 60 Days 01.~~377181~~452081% 0.~~047148~~048403% 0.~~188590~~048403% 0.000000% 01.~~612918~~548887% 01.~~463272~~484101% 0.~~032791~~033730% 0.~~156002~~019740% 0.000000% 01.~~652065~~537571% 90 Days 0.~~330033~~145208% 0.000000% 0.~~094295~~193611% 0.000000% 0.~~424328~~338819% 0.~~419812~~119602% 0.000000% 0.~~114608~~160551% 0.000000% 0.~~534420~~280153% 120 Days 0.~~000000~~145208% 0.000000% 0.~~094295~~193611% 0.000000% 0.~~094295~~338819% 0.~~000000~~210251% 0.000000% 0.~~144872~~131466% 0.000000% 0.~~144872~~341717% 150 Days 0.000000% 0.~~094295~~000000% 0.~~094295~~048403% 0.000000% 0.~~188590~~048403% 0.000000% 0.~~124786~~000000% 0.~~106044~~020715% 0.000000% 0.~~230830~~020715% 180 Days 0.000000% 0.~~000000~~096805% 0.~~000000~~096805% 0.000000% 0.~~000000~~193611% 0.000000% 0.~~000000~~128425% 0.~~000000~~109136% 0.000000% 0.~~000000~~237560% Totals 23.~~970297~~388190% 0.~~282885~~290416% 0.~~518623~~629235% 0.000000% 34.~~771806~~307841% 23.~~911222~~515188% 0.~~211913~~218068% 0.~~613753~~536468% 0.000000% 34.~~736888~~269725%

OTHER INFORMATION Current Period ~~Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 18,973.94 Current Period~~ Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 95103,~~486~~760.1853

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 10.~~444856~~441521% Weighted Average Net Coupon 9.~~944855~~941521% Weighted Average Pass-Through Rate 9.~~062796~~058667% Weighted Average Maturity(Stepdown Calculation ) ~~343~~342 Beginning Scheduled Collateral Loan Count 2,~~478~~423 Number Of Loans Paid In Full 5566 Ending Scheduled Collateral Loan Count 2,~~423~~357 Beginning Scheduled Collateral Balance ~~294~~287,~~673~~077,~~819~~715.1447 Ending Scheduled Collateral Balance ~~287~~278,~~077~~896,~~715~~212.4734 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2001 ~~287~~279,~~217~~033,~~776~~875.1757 Monthly P &I Constant 2,~~707~~638,~~388~~677.63 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~287~~278,~~077~~896,~~715~~212.4734 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 0.01 Overcollateralized Amount 0.01 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 284,735.5037 Excess Cash Amount ~~684~~834,~~944~~875.7102

LIBOR Rate Used 3.~~79250~~5800%

Filing Compare · STRUCTURED ASSET SECURITIES CORP MORT PAS THR CE SE 2001-BC3