8-K 1 arc01bc3.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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: 1/7/02 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 December 26, 2001 distribution. EX-99.1

Amortizing Residential Collateral Mortgage Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/01 Distribution Date: 1112/26/01 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 2.~~68000~~36000% ~~254~~244,~~422~~508,~~210~~628.6516 ~~606~~480,~~090~~866.2397 97,~~913~~599,~~582~~568.4956 A-IO 8635727V9 IO 6.00000% 0.00 381,570.8081 0.00 M-1 8635727W7 SEQ 32.~~05000~~73000% 8,744,000.00 2319,~~705~~892.9560 0.00 M-2 8635727X5 SEQ 3.~~47000~~15000% 7,154,000.00 2218,~~066~~779.1125 0.00 B 8635727Y3 SEQ 4.~~32000~~00000% 3,180,000.00 1210,~~211~~600.2000 0.00 X ARC01001X SEQ 0.00000% 0.0001 1,~~014~~073,~~792~~636.3451 0.00 P ARC01001P SEQ 0.00000% 0.00 ~~217~~214,~~900~~154.2775 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 ~~273~~263,~~500~~586,~~210~~628.6517 2,~~278~~199,~~336~~500.9089 97,~~913~~599,~~582~~568.4956

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~244~~236,~~508~~909,~~628~~059.1660 108,~~519~~080,~~672~~435.7253 0.00 A-IO 0.00 0.00 381,570.8081 0.00 M-1 0.00 8,744,000.00 2319,~~705~~892.9560 0.00 M-2 0.00 7,154,000.00 2218,~~066~~779.1125 0.00 B 0.00 3,180,000.00 1210,~~211~~600.2000 0.00 X 0.00 0.0100 1,~~014~~073,~~792~~636.3451 0.00 P 0.00 0.00 ~~217~~214,~~900~~154.2775 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 ~~263~~255,~~586~~987,~~628~~059.1760 129,~~191~~799,~~919~~069.3945 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 ~~254~~244,~~422~~508,~~210~~628.6516 0.00 97,~~913~~599,~~582~~568.4956 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 0.0001 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 ~~273~~263,~~500~~586,~~210~~628.6517 0.00 97,~~913~~599,~~582~~568.4956 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 97,~~913~~599,~~582~~568.4956 ~~244~~236,~~508~~909,~~628~~059.1660 0.~~81803641~~79261103 97,~~913~~599,~~582~~568.4956 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 0.0100 0.~~00001486~~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 97,~~913~~599,~~582~~568.4956 ~~263~~255,~~586~~987,~~628~~059.1760 0.~~82895218~~80505234 97,~~913~~599,~~582~~568.4956

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 ~~851~~818.~~20362750~~03640773 0.00000000 3325.~~16721978~~42537583 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~~01485685 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 3325.~~16721978~~42537583 ~~818~~792.~~03640773~~61103189 0.~~81803641~~79261103 3325.~~16721978~~42537583 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.~~01485685~~00000000 0.~~00001486~~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 2.~~68000~~36000% ~~254~~244,~~422~~508,~~210~~628.6516 ~~606~~480,~~090~~866.2497 0.00 0.00 A-IO 0.00 6.00000% 76,314,162.00 381,570.81 0.00 0.00 M-1 8,744,000.00 32.~~05000~~73000% 8,744,000.00 2319,~~705~~892.9660 0.00 0.00 M-2 7,154,000.00 3.~~47000~~15000% 7,154,000.00 2218,~~066~~779.1225 0.00 0.00 B 3,180,000.00 4.~~32000~~00000% 3,180,000.00 1210,~~211~~600.2000 0.00 0.00 X 673.09 0.00000% 0.0001 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 1911,~~045,644~~709.3363 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 0.0100 0.00 ~~606~~480,~~090~~866.2397 0.00 ~~244~~236,~~508~~909,~~628~~059.1660 A-IO 0.0100 0.00 381,570.8081 0.00 76,314,162.00 M-1 0.00 0.00 2319,~~705~~892.9560 0.00 8,744,000.00 M-2 0.00 0.00 2218,~~066~~779.1125 0.00 7,154,000.00 B 0.00 0.00 1210,~~211~~600.2000 0.00 3,180,000.00 X 0.00 0.00 1,~~014~~073,~~792~~636.3451 0.00 0.0100 P 0.00 0.00 ~~217~~214,~~900~~154.2775 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 0.0200 0.00 2,~~278~~199,~~336~~500.9089 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 2.~~68000~~36000% ~~851~~818.~~20362750~~03640773 21.~~02775618~~60880494 0.00000000 0.00000000 A-IO 0.00 6.00000% 888.88889148 4.44444446 0.00000000 0.00000000 M-1 8,744,000.00 32.~~05000~~73000% 1000.00000000 2.~~71111162~~27500000 0.00000000 0.00000000 M-2 7,154,000.00 3.~~47000~~15000% 1000.00000000 32.~~08444507~~62500000 0.00000000 0.00000000 B 3,180,000.00 4.~~32000~~00000% 1000.00000000 3.~~84000000~~33333333 0.00000000 0.00000000 X 673.09 0.00000% 0.~~00000000~~01485685 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.~~00000003~~00000000 0.00000000 21.~~02775615~~60880494 0.00000000 ~~818~~792.~~03640773~~61103189 A-IO 0.~~00000012~~00000000 0.00000000 4.~~44444434~~44444446 0.00000000 888.88889148 M-1 0.00000000 0.00000000 2.~~71111048~~27500000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 32.~~08444367~~62500000 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~84000000~~33333333 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~1507662~~1595086.~~18484898~~11032700 0.00000000 0.~~01485685~~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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 129,~~153~~941,~~740~~259.7938 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~139~~165,~~009~~139.1845 Realized Losses 0.00 Prepayment Penalties ~~217,900~~0.2700 Total Deposits 1210,~~510~~106,~~650~~398.2483 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~318~~307,~~730~~329.8538 Payment of Interest and Principal 129,~~191~~799,~~919~~069.3945 Total Withdrawals (Pool Distribution Amount) 1210,~~510~~106,~~650~~398.2483 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.0200

SERVICING FEES Gross Servicing Fee ~~113~~109,~~958~~827.4377 Loss Mitigation Advisor's Fee 3,~~418~~294.7583 Master Servicing Fee 1,~~396~~334.9390 MGIC Insurance Premiums ~~199~~192,~~644~~559.2438 Trustee Fee - Bank One 312.50 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~318~~307,~~730~~329.8538

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 4 3 0 7 218,~~601~~476.4605 ~~414~~639,~~975~~773.2294 0.00 ~~633~~858,~~576~~249.6899 30 Days 4761 02 03 0 4766 57,~~616~~085,~~526~~367.7850 0133,352.0093 0157,146.0044 0.00 57,~~616~~375,~~526~~866.7887 60 Days 1317 0 3 5 0 2120 1,~~319~~938,~~575~~725.3162 ~~301,675~~0.1800 ~~558~~271,~~028~~815.4111 0.00 2,~~179~~210,~~278~~540.9073 90 Days 148 1 2 5 0 1715 1919,~~822,937~~523.0081 50196,~~878~~313.9747 ~~117~~517,~~533~~919.6939 0.00 1,~~991~~633,~~349~~756.6667 120 Days 2511 0 31 0 2812 21,~~845~~302,~~639~~250.4037 0.00 ~~313~~57,~~247~~613.0362 0.00 31,~~158~~359,~~886~~863.4399 150 Days 222 10 3 0 625 ~~231~~2,~~206~~563,937.4345 ~~108,236~~0.8900 ~~357~~313,~~669~~247.7603 0.00 ~~697~~2,~~113~~877,184.0848 180+ Days 02 12 8 14 1016 0231,206.0043 ~~181~~289,~~526~~763.1706 ~~957~~959,~~918~~415.6550 ~~200~~556,~~425~~598.4233 12,~~339~~036,~~870~~983.2432 Totals ~~101~~121 10 2426 14 ~~136~~161 1114,~~835~~041,~~884~~011.9218 ~~860~~837,~~918~~905.6751 2,~~719~~916,~~372~~931.7603 ~~200~~556,~~425~~598.4233 1518,~~616~~352,~~601~~446.7705 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.~~178651~~183234% 0.~~133988~~137426% 0.000000% 0.~~312640~~320660% 0.~~082888~~085304% 0.~~157347~~249800% 0.000000% 0.~~240235~~335104% 30 Days 2.~~099151~~794320% 0.~~000000~~091617% 0.~~000000~~137426% 0.000000% 23.~~099151~~023362% 2.~~129633~~766481% 0.~~000000~~052068% 0.~~000000~~061358% 0.000000% 2.~~129633~~879907% 60 Days 0.~~580616~~778745% 0.~~133988~~000000% 0.~~223314~~137426% 0.000000% 0.~~937919~~916170% 0.~~500347~~756975% 0.~~114387~~000000% 0.~~211589~~106130% 0.000000% 0.~~826323~~863105% 90 Days 0.~~625279~~366468% 0.~~044663~~091617% 0.~~089326~~229043% 0.000000% 0.~~759268~~687128% 0.~~691208~~359028% 0.~~019292~~076651% 0.~~044566~~202222% 0.000000% 0.~~755065~~637900% 120 Days 10.~~116570~~503894% 0.000000% 0.~~133988~~045809% 0.000000% 10.~~250558~~549702% 10.~~078988~~508464% 0.000000% 0.~~118775~~022495% 0.000000% 10.~~197763~~530959% 150 Days 01.~~089326~~007787% 0.~~044663~~000000% 0.~~133988~~137426% 0.000000% 01.~~267977~~145213% 01.~~087667~~001089% 0.~~041040~~000000% 0.~~135619~~122307% 0.000000% 01.~~264326~~123396% 180+ Days 0.~~000000~~091617% 0.~~044663~~091617% 0.~~357302~~366468% 0.~~044663~~183234% 0.~~446628~~732936% 0.~~000000~~090275% 0.~~068830~~113138% 0.~~363216~~374604% 0.~~075996~~217324% 0.~~508042~~795340% Totals 45.~~510942~~542831% 0.~~446628~~458085% 1.~~071907~~191022% 0.~~044663~~183234% 67.~~074140~~375172% 45.~~487842~~482311% 0.~~326437~~327160% 1.~~031111~~138915% 0.~~075996~~217324% 57.~~921386~~165711%

Delinquency Status By Groups

~~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 26 0 0 0 26 ~~165~~346,~~817~~807.7982 0.00 0.00 0.00 ~~165~~346,~~817~~807.7982 60 Days 23 0 0 0 23 ~~124~~209,~~485~~434.6887 0.00 0.00 0.00 ~~124~~209,~~485~~434.6887 90 Days 12 0 0 0 12 55124,~~705~~485.0668 0.00 0.00 0.00 55124,~~705~~485.0668 120 Days 30 0 20 0 50 ~~189,397~~0.2900 0.00 ~~90,628~~0.6600 0.00 ~~280,025~~0.9500 150 Days 03 0 02 0 05 0189,397.0029 0.00 090,628.0066 0.00 0280,025.0095 180 Days 0 0 1 0 1 0.00 0.00 47,644.97 0.00 47,644.97 Totals 814 0 3 0 1117 ~~535~~870,~~405~~125.8266 0.00 138,273.63 0.00 ~~673~~1,~~679~~008,399.4529 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~714286~~181818% 0.000000% 0.000000% 0.000000% 02.~~714286~~181818% 01.~~769410~~658723% 0.000000% 0.000000% 0.000000% 01.~~769410~~658723% 60 Days 01.~~714286~~090909% 0.000000% 0.000000% 0.000000% 01.~~714286~~090909% 01.~~577625~~001692% 0.000000% 0.000000% 0.000000% 01.~~577625~~001692% 90 Days 0.~~357143~~727273% 0.000000% 0.000000% 0.000000% 0.~~357143~~727273% 0.~~258477~~595394% 0.000000% 0.000000% 0.000000% 0.~~258477~~595394% 120 Days 10.~~071429~~000000% 0.000000% 0.~~714286~~000000% 0.000000% 10.~~785714~~000000% 0.~~878821~~000000% 0.000000% 0.~~420525~~000000% 0.000000% 10.~~299346~~000000% 150 Days 01.~~000000~~090909% 0.000000% 0.~~000000~~727273% 0.000000% 01.~~000000~~818182% 0.~~000000~~905855% 0.000000% 0.~~000000~~433462% 0.000000% 01.~~000000~~339317% 180 Days 0.000000% 0.000000% 0.~~357143~~363636% 0.000000% 0.~~357143~~363636% 0.000000% 0.000000% 0.~~221077~~227878% 0.000000% 0.~~221077~~227878% Totals 25.~~857143~~090909% 0.000000% 1.~~071429~~090909% 0.000000% 36.~~928571~~181818% 24.~~484332~~161664% 0.000000% 0.~~641602~~661339% 0.000000% 34.~~125934~~823003% 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 4 3 0 7 218,~~601~~476.4605 ~~414~~639,~~975~~773.2294 0.00 ~~633~~858,~~576~~249.6899 30 Days 4555 02 03 0 4560 56,~~450~~738,~~708~~559.9968 0133,352.0093 0157,146.0044 0.00 57,~~450~~029,~~708~~059.9905 60 Days 1114 0 3 5 0 1917 1,~~195~~729,~~089~~290.6375 ~~301,675~~0.1800 ~~558~~271,~~028~~815.4111 0.00 2,~~054~~001,~~793~~105.2286 90 Days 136 1 2 5 0 1613 1795,~~767,231~~038.9413 50196,~~878~~313.9747 ~~117~~517,~~533~~919.6939 0.00 1,~~935~~509,~~644~~270.6099 120 Days 2211 0 1 0 2312 21,~~656~~302,~~242~~250.1137 0.00 ~~222~~57,~~618~~613.3762 0.00 21,~~878~~359,~~860~~863.4899 150 Days 219 0 1 3 0 620 ~~231~~2,~~206~~374,540.4316 ~~108,236~~0.8900 ~~357~~222,~~669~~618.7637 0.00 ~~697~~2,~~113~~597,158.0853 180 Days 02 12 7 14 915 0231,206.0043 ~~181~~289,~~526~~763.1706 ~~910~~911,~~273~~770.6853 ~~200~~556,~~425~~598.4233 1,~~292~~989,~~225~~338.2735 Totals 93107 10 2123 14 ~~125~~144 1113,~~300~~170,~~479~~885.1052 ~~860~~837,~~918~~905.6751 2,~~581~~778,~~099~~657.1340 ~~200~~556,~~425~~598.4233 1417,~~942~~344,~~922~~046.3276 0-29 Days 0.~~204186~~209644% 0.~~153139~~157233% 0.000000% 0.~~357325~~366876% 0.~~090264~~092887% 0.~~171349~~272005% 0.000000% 0.~~261613~~364892% 30 Days 2.~~297090~~882600% 0.~~000000~~104822% 0.~~000000~~157233% 0.000000% 23.~~297090~~144654% 2.~~250677~~864952% 0.~~000000~~056696% 0.~~000000~~066812% 0.000000% 2.~~250677~~988461% 60 Days 0.~~561511~~733753% 0.~~153139~~000000% 0.~~255232~~157233% 0.000000% 0.~~969883~~890985% 0.~~493470~~735222% 0.~~124566~~000000% 0.~~230418~~115564% 0.000000% 0.~~848454~~850786% 90 Days 0.~~663604~~314465% 0.~~051046~~104822% 0.~~102093~~262055% 0.000000% 0.~~816743~~681342% 0.~~729716~~338017% 0.~~021009~~083464% 0.~~048531~~220198% 0.000000% 0.~~799256~~641679% 120 Days 10.~~123022~~576520% 0.000000% 0.~~051046~~052411% 0.000000% 10.~~174068~~628931% 10.~~096801~~553662% 0.000000% 0.~~091922~~024495% 0.000000% 10.~~188723~~578157% 150 Days 0.~~102093~~995807% 0.~~051046~~000000% 0.~~153139~~052411% 0.000000% 01.~~306279~~048218% 01.~~095468~~009555% 0.~~044693~~000000% 0.~~147687~~094648% 0.000000% 01.~~287848~~104203% 180 Days 0.~~000000~~104822% 0.~~051046~~104822% 0.~~357325~~366876% 0.~~051046~~209644% 0.~~459418~~786164% 0.~~000000~~098299% 0.~~074955~~123195% 0.~~375865~~387647% 0.~~082759~~236642% 0.~~533579~~845783% Totals 45.~~747320~~607966% 0.~~510465~~524109% 1.~~071975~~205451% 0.~~051046~~209644% 67.~~380807~~547170% 45.~~666132~~599707% 0.~~355486~~356242% 1.~~065773~~181368% 0.~~082759~~236642% 67.~~170149~~373960%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~139~~165,~~009~~139.1845

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 10.~~438752~~437596% Weighted Average Net Coupon 9.~~938752~~937596% Weighted Average Pass-Through Rate 9.~~055300~~053453% Weighted Average Maturity(Stepdown Calculation ) ~~340~~339 Beginning Scheduled Collateral Loan Count 2,~~313~~239 Number Of Loans Paid In Full 7456 Ending Scheduled Collateral Loan Count 2,~~239~~183 Beginning Scheduled Collateral Balance ~~273~~263,~~500~~586,~~210~~628.6617 Ending Scheduled Collateral Balance ~~263~~255,~~586~~987,~~628~~059.1761 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2001 ~~263~~256,~~732~~114,~~196~~801.9553 Monthly P &I Constant 2,~~515~~425,~~648~~928.3428 Special Servicing Fee 0.00 Prepayment Penalties ~~217,900~~0.2700 Realized Loss Amount 0.00 Cumulative Realized Loss 23,291.74 Ending Scheduled Balance for Premium Loans ~~263~~255,~~586~~987,~~628~~059.1761 Scheduled Principal ~~136~~133,~~480~~252.8773 Unscheduled Principal 97,~~777~~466,~~101~~315.6283 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 0.00 Excess Cash Amount 1,~~014~~073,~~792~~636.3451

LIBOR Rate Used 2.~~4200~~100%

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