8-K 1 mav0200a.txt JULY 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): July 25, 2002 MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST Asset-Backed Certificates, Series 2002-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-06 52-7281894 Pooling and Servicing Agreement) (Commission 52-2365593 (State or other File Number) 52-2365594 jurisdiction 52-2365595 of Incorporation) IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (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 July 25, 2002 a distribution was made to holders of MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST, Asset-Backed Certificates, Series 2002-A 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 Asset-Backed Certificates, Series 2002-A Trust, relating to the July 25, 2002 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. MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST Asset-Backed Certificates, Series 2002-A Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/5/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- backed Certificates, Series 2002-A Trust, relating to the July 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities, INC. Mortgage ~~Asset~~Pass-~~Backed~~Through Certificates Record Date: 46/30/02 Distribution Date: 57/2825/02 MAV Series: 2002-A 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 55660AAA0 SEN 2.~~20000~~19000% ~~378~~367,~~109~~226,~~701~~413.5275 ~~762~~670,~~521~~188.2321 5,~~192~~013,~~408~~457.9739 A-2 55660AAB8 SEN 2.~~20000~~19000% ~~173~~167,~~017~~211,~~822~~456.0704 ~~348~~305,~~919~~160.2791 2,~~938~~606,~~146~~023.7803 A-IO 55660AAC6 SEN 0.30000% 0.00 ~~209~~205,~~430~~786.2001 0.00 M-1 55660AAD4 MEZ 3.~~30000~~29000% 56,897,000.00 ~~172~~155,~~113~~992.4261 0.00 M-2 55660AAE2 MEZ 4.~~10000~~09000% 61,112,000.00 ~~229~~208,~~679~~290.2707 0.00 B-1 55660AAF9 MEZ 5.~~10000~~09000% 59,005,000.00 ~~275~~250,~~848~~279.3754 0.00 B-2 BSAAC2BIO MEZ 5.~~10000~~09000% 59,005,000.00 ~~275~~250,~~848~~279.3754 0.00 HL MAV020AHL JUN 0.00000% 0.00 ~~973~~731,~~103~~629.3022 0.00 C MAV0200AC JUN 0.00000% 5052,~~574~~687,~~269~~159.9030 0.00 0.00 R-3 MAV020AR3 JUN 0.00000% 0.00 0.00 0.00 Totals ~~837~~823,~~720~~144,~~793~~029.4909 32,~~247~~777,~~463~~606.4311 87,~~130~~619,~~555~~480.7542

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~372~~362,~~917~~212,~~292~~956.5536 5,~~954~~683,~~930~~645.2060 0.00 A-2 0.00 ~~170~~164,~~079~~605,~~675~~433.3000 32,~~287~~911,~~066~~183.0594 0.00 A-IO 0.00 0.00 ~~209~~205,~~430~~786.2001 0.00 M-1 0.00 56,897,000.00 ~~172~~155,~~113~~992.4261 0.00 M-2 0.00 61,112,000.00 ~~229~~208,~~679~~290.2707 0.00 B-1 0.00 59,005,000.00 ~~275~~250,~~848~~279.3754 0.00 B-2 0.00 59,005,000.00 ~~275~~250,~~848~~279.3754 0.00 HL 0.00 0.00 ~~973~~731,~~103~~629.3022 0.00 C 0.00 5153,~~534~~406,~~407~~044.0872 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~830~~816,~~550~~243,~~374~~434.9308 1110,~~378~~397,~~019~~086.1853 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-1 381,329,000.00 ~~378~~367,~~109~~226,~~701~~413.5275 0.00 5,~~192~~013,~~408~~457.9739 0.00 0.00 A-2 175,000,000.00 ~~173~~167,~~017~~211,~~822~~456.0704 0.00 2,~~938~~606,~~146~~023.7803 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 56,897,000.00 56,897,000.00 0.00 0.00 0.00 0.00 M-2 61,112,000.00 61,112,000.00 0.00 0.00 0.00 0.00 B-1 59,005,000.00 59,005,000.00 0.00 0.00 0.00 0.00 B-2 59,005,000.00 59,005,000.00 0.00 0.00 0.00 0.00 HL 0.00 0.00 0.00 0.00 0.00 0.00 C 50,574,269.90 5052,~~574~~687,~~269~~159.9030 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 842,922,269.90 ~~837~~823,~~720~~144,~~793~~029.4909 0.00 87,~~130~~619,~~555~~480.7542 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 5,~~192~~013,~~408~~457.9739 ~~372~~362,~~917~~212,~~292~~956.5536 0.~~97794108~~94986995 5,~~192~~013,~~408~~457.9739 A-2 2,~~938~~606,~~146~~023.7803 ~~170~~164,~~079~~605,~~675~~433.3000 0.~~97188386~~94060247 2,~~938~~606,~~146~~023.7803 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 56,897,000.00 1.00000000 0.00 M-2 0.00 61,112,000.00 1.00000000 0.00 B-1 0.00 59,005,000.00 1.00000000 0.00 B-2 0.00 59,005,000.00 1.00000000 0.00 HL 0.00 0.00 0.00000000 0.00 C 0.00 5153,~~534~~406,~~407~~044.0872 1.~~01898470~~05599240 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 87,~~130~~619,~~555~~480.7542 ~~830~~816,~~550~~243,~~374~~434.9308 0.~~98532261~~96834959 87,~~130~~619,~~555~~480.7542

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 381,329,000.00 ~~991~~963.~~55768777~~01727314 0.00000000 13.~~61661182~~14732787 0.00000000 A-2 175,000,000.00 ~~988~~955.~~67326897~~49403451 0.00000000 1614.~~78941017~~89156017 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 56,897,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 61,112,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 59,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 59,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 HL 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 ~~1000~~1041.~~00000000~~77795160 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per 1,000 Denomination

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 13.~~61661182~~14732787 ~~977~~949.~~94107595~~86994527 0.~~97794108~~94986995 13.~~61661182~~14732787 A-2 0.00000000 1614.~~78941017~~89156017 ~~971~~940.~~88385886~~60247429 0.~~97188386~~94060247 1614.~~78941017~~89156017 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-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 1,~~018~~055.~~98469680~~99240139 1.~~01898470~~05599240 0.00000000 R-3 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-1 381,329,000.00 2.~~20000~~19000% ~~378~~367,~~109~~226,~~701~~413.5275 ~~762~~670,~~521~~188.2321 0.00 0.00 A-2 175,000,000.00 2.~~20000~~19000% ~~173~~167,~~017~~211,~~822~~456.0704 ~~348~~305,~~919~~160.2791 0.00 0.00 A-IO 0.00 0.30000% ~~837~~823,~~720~~144,~~793~~029.4906 ~~209~~205,~~430~~786.2001 0.00 0.00 M-1 56,897,000.00 3.~~30000~~29000% 56,897,000.00 ~~172~~155,~~113~~992.4261 0.00 0.00 M-2 61,112,000.00 4.~~10000~~09000% 61,112,000.00 ~~229~~208,~~679~~290.2707 0.00 0.00 B-1 59,005,000.00 5.~~10000~~09000% 59,005,000.00 ~~275~~250,~~848~~279.3854 0.00 0.00 B-2 59,005,000.00 5.~~10000~~09000% 59,005,000.00 ~~275~~250,~~848~~279.3854 0.00 0.00 HL 0.00 0.00000% 0.00 0.00 0.00 0.00 C 50,574,269.90 0.00000% 5052,~~574~~687,~~269~~159.9030 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 842,922,269.90 2,~~274~~045,~~360~~976.1589 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 0.00 0.00 ~~762~~670,~~521~~188.2321 0.00 ~~372~~362,~~917~~212,~~292~~956.5536 A-2 0.00 0.00 ~~348~~305,~~919~~160.2791 0.00 ~~170~~164,~~079~~605,~~675~~433.3000 A-IO 0.00 0.00 ~~209~~205,~~430~~786.2001 0.00 ~~830~~816,~~550~~243,~~374~~434.9208 M-1 0.00 0.00 ~~172~~155,~~113~~992.4261 0.00 56,897,000.00 M-2 0.00 0.00 ~~229~~208,~~679~~290.2707 0.00 61,112,000.00 B-1 0.00 0.00 ~~275~~250,~~848~~279.3754 0.00 59,005,000.00 B-2 0.00 0.00 ~~275~~250,~~848~~279.3754 0.00 59,005,000.00 HL 0.00 0.00 ~~973~~731,~~103~~629.3022 0.00 0.00 C 0.00 0.00 0.00 0.00 5153,~~534~~406,~~407~~044.0872 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 32,~~247~~777,~~463~~606.4311 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-1 381,329,000.00 2.~~20000~~19000% ~~991~~963.~~55768777~~01727314 1.~~99964133~~75750654 0.00000000 0.00000000 A-2 175,000,000.00 2.~~20000~~19000% ~~988~~955.~~67326897~~49403451 1.~~99382440~~74377663 0.00000000 0.00000000 A-IO 0.00 0.30000% ~~993~~976.~~82923350~~53610345 0.~~24845731~~24413403 0.00000000 0.00000000 M-1 56,897,000.00 3.~~30000~~29000% 1000.00000000 32.~~02499991~~74166670 0.00000000 0.00000000 M-2 61,112,000.00 4.~~10000~~09000% 1000.00000000 3.~~75833339~~40833339 0.00000000 0.00000000 B-1 59,005,000.00 5.~~10000~~09000% 1000.00000000 4.~~67500008~~24166664 0.00000000 0.00000000 B-2 59,005,000.00 5.~~10000~~09000% 1000.00000000 4.~~67500008~~24166664 0.00000000 0.00000000 HL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 0.00000% ~~1000~~1041.~~00000000~~77795160 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per 1,000 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 0.00000000 1.~~99964133~~75750654 0.00000000 ~~977~~949.~~94107595~~86994527 A-2 0.00000000 0.00000000 1.~~99382440~~74377663 0.00000000 ~~971~~940.~~88385886~~60247429 A-IO 0.00000000 0.00000000 0.~~24845731~~24413403 0.00000000 ~~985~~968.~~32261453~~34958943 M-1 0.00000000 0.00000000 32.~~02499991~~74166670 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~75833339~~40833339 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.~~67499992~~24166664 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~67499992~~24166664 0.00000000 1000.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~1018~~1055.~~98469680~~99240139 R-3 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 136,~~754~~990,~~451~~340.1619 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 06,215,967.0010 Realized Losses (1,~~169~~535,~~717~~091.8129) Prepayment Penalties 0.00 Total Deposits 1211,~~584~~671,~~733~~216.3500 Withdrawals Reimbursement for Servicer Advances 082,856.0056 Payment of Service Fee 1,~~206~~191,~~714~~272.1791 Payment of Interest and Principal 1110,~~378~~397,~~019~~086.1853 Total Withdrawals (Pool Distribution Amount) 1211,~~584~~671,~~733~~216.3500 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~698~~685,~~101~~953.0464 Backup Servicing Fee - Wells Fargo 13,~~961~~719.9907 Certificate Insurer Premium - Ambac 9895,~~743~~753.6845 Trustee Fee 3,~~490~~429.4877 Yield Maintenance Agreement Fee - Bear Stearns 392,416.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~206~~191,~~714~~272.1791

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~399~~545 0 0 0 ~~399~~545 1419,~~244~~968,~~141~~850.7303 0.00 0.00 0.00 1419,~~244~~968,~~141~~850.7303 60 Days 96135 0 0 0 96135 35,~~323~~096,~~580~~717.9139 0.00 0.00 0.00 35,~~323~~096,~~580~~717.9139 90 Days 73128 0 0 6389 ~~136~~217 35,~~028~~027,~~324~~112.3581 0.00 0.00 23,~~285~~195,~~427~~038.4568 58,~~313~~222,~~751~~151.8049 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~568~~808 0 0 6389 ~~631~~897 2030,~~596~~092,~~046~~680.9923 0.00 0.00 23,~~285~~195,~~427~~038.4568 2233,~~881~~287,~~474~~718.4491 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~818596~~527126% 0.000000% 0.000000% 0.000000% 12.~~818596~~527126% 12.~~715024~~446433% 0.000000% 0.000000% 0.000000% 12.~~715024~~446433% 60 Days 0.~~437557~~625985% 0.000000% 0.000000% 0.000000% 0.~~437557~~625985% 0.~~400166~~624411% 0.000000% 0.000000% 0.000000% 0.~~400166~~624411% 90 Days 0.~~332726~~593527% 0.000000% 0.000000% 0.~~287147~~412687% 01.~~619872~~006213% 0.~~364617~~615884% 0.000000% 0.000000% 0.~~275170~~391432% 01.~~639787~~007316% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~588879~~746638% 0.000000% 0.000000% 0.~~287147~~412687% 24.~~876026~~159325% 23.~~479807~~686729% 0.000000% 0.000000% 0.~~275170~~391432% 24.~~754977~~078161% ~~Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.~~

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 ~~316~~421 0 0 0 ~~316~~421 1015,~~691~~243,~~475~~465.3359 0.00 0.00 0.00 1015,~~691~~243,~~475~~465.3359 60 Days 69103 0 0 0 69103 23,~~445~~727,~~553~~609.2094 0.00 0.00 0.00 23,~~445~~727,~~553~~609.2094 90 Days 5197 0 0 5369 ~~104~~166 13,~~997~~635,~~738~~786.9460 0.00 0.00 12,~~922~~492,~~328~~800.9382 36,~~920~~128,~~067~~587.8742 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~436~~621 0 0 5369 ~~489~~690 1522,~~134~~606,~~767~~862.4713 0.00 0.00 12,~~922~~492,~~328~~800.9382 1725,~~057~~099,~~096~~662.4095 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 23.~~572661~~484234% 0.000000% 0.000000% 0.000000% 23.~~572661~~484234% 23.~~530197~~697283% 0.000000% 0.000000% 0.000000% 23.~~530197~~697283% 60 Days 0.~~561752~~852437% 0.000000% 0.000000% 0.000000% 0.~~561752~~852437% 0.~~578754~~904127% 0.000000% 0.000000% 0.000000% 0.~~578754~~904127% 90 Days 0.~~415208~~802781% 0.000000% 0.000000% 0.~~431491~~571050% 01.~~846699~~373831% 0.~~472776~~881855% 0.000000% 0.000000% 0.~~454930~~604626% 01.~~927706~~486481% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 35.~~549621~~139452% 0.000000% 0.000000% 0.~~431491~~571050% 35.~~981112~~710502% 35.~~581727~~483265% 0.000000% 0.000000% 0.~~454930~~604626% 46.~~036657~~087891% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 83124 0 0 0 83124 34,~~552~~725,~~666~~384.4044 0.00 0.00 0.00 34,~~552~~725,~~666~~384.4044 60 Days 2732 0 0 0 2732 ~~878~~1,~~027~~369,107.7145 0.00 0.00 0.00 ~~878~~1,~~027~~369,107.7145 90 Days 2231 0 0 1020 3251 1,~~030~~391,~~585~~326.4121 0.00 0.00 ~~363~~702,~~098~~237.5286 12,~~393~~093,~~683~~564.9307 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~132~~187 0 0 1020 ~~142~~207 57,~~461~~485,~~279~~818.5210 0.00 0.00 ~~363~~702,~~098~~237.5286 58,~~824~~188,~~378~~055.0496 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~859480~~307603% 0.000000% 0.000000% 0.000000% 01.~~859480~~307603% 01.~~870761~~177825% 0.000000% 0.000000% 0.000000% 01.~~870761~~177825% 60 Days 0.~~279590~~337446% 0.000000% 0.000000% 0.000000% 0.~~279590~~337446% 0.~~215205~~341257% 0.000000% 0.000000% 0.000000% 0.~~215205~~341257% 90 Days 0.~~227814~~326901% 0.000000% 0.000000% 0.~~103552~~210904% 0.~~331366~~537804% 0.~~252597~~346795% 0.000000% 0.000000% 0.~~088996~~175036% 0.~~341593~~521831% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~366884~~971950% 0.000000% 0.000000% 0.~~103552~~210904% 12.~~470436~~182854% 1.~~338564~~865877% 0.000000% 0.000000% 0.~~088996~~175036% 12.~~427560~~040913%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~540,715~~0.8400

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.~~431352~~192625% Weighted Average Net Coupon 8.~~431351~~192625% Weighted Average Pass-Through Rate 8.~~406351~~167625% Weighted Average Maturity(Stepdown Calculation ) ~~303~~301 Beginning Scheduled Collateral Loan Count 2221,~~128~~744 Number Of Loans Paid In Full ~~188~~178 Ending Scheduled Collateral Loan Count 21,~~940~~566 Beginning Scheduled Collateral Balance ~~837~~823,~~720~~144,~~793~~029.4906 Ending Scheduled Collateral Balance ~~830~~816,~~550~~243,~~374~~434.9208 Ending Actual Collateral Balance at 30-~~Apr~~Jun-2002 ~~830~~816,~~550~~243,~~413~~434.9208 Monthly P &I Constant 7,~~673~~319,~~728~~062.1997 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 1,~~169~~535,~~717~~091.8129 Cumulative Realized Loss 14,~~365~~618,~~368~~228.4969 Ending Scheduled Balance for Premium Loans ~~830~~816,~~550~~243,~~374~~434.9208 Scheduled Principal 1,~~089~~064,~~695~~577.1661 Unscheduled Principal 65,~~080~~836,~~722~~017.9940 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 2718,~~129,855~~885.41 Overcollateralized reduction Amount 0.00 Specified O/C Amount ~~830~~816,~~550~~243,~~374~~434.9208 Overcollateralized Amount 5153,~~534~~406,~~407~~044.0872 Overcollateralized Deficiency Amount ~~2,129,855~~0.4100 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 2718,~~129,855~~885.41 Excess Cash Amount 21,~~129~~437,~~855~~770.4183

Trigger Event Not Triggered In Effect Since N/A Comments N/A Servicer Termination Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Yield Maintenance Agreement Amount 0.00 Extraordinary Trust Fund Expense 0.00 Cumulative Insurance Payments received ~~from~~fr ~~Ambac~~ 0.00 Adjusted Net WAC Cap Rate 7.~~4811589891~~1559579082% Group I Liquidated ~~Contracts~~Loan 47Count ~~Principal~~52 ~~Balances~~Group ofI Liquidated ~~Contracts~~Loan Balances 1,~~650~~554,~~704~~527.9069 Group II Liquidated Loan Count 20 Group II Liquidated Loan Balances 724,478.94

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 9.~~642704~~618924 98.~~212627~~600045 9.~~431352~~192625 Weighted Average Net Rate 8.~~642704~~618923 87.~~212626~~600045 8.~~431351~~192625 Weighted Average Maturity ~~309~~307 ~~296~~294 ~~303~~301 Beginning Loan Count 12,~~377~~182 9,~~751~~562 2221,~~128~~744 Loans Paid In Full 9499 9479 ~~188~~178 Ending Loan Count 12,~~283~~083 9,~~657~~483 21,~~940~~566 Beginning Scheduled Balance ~~426~~418,~~041~~407,~~090~~796.7971 ~~411~~404,~~679~~736,~~702~~232.7035 ~~837~~823,~~720~~144,~~793~~029.4906 Ending scheduled Balance ~~422~~414,~~554~~814,~~986~~813.7880 ~~407~~401,~~995~~428,~~388~~620.1428 ~~830~~816,~~550~~243,~~374~~434.9208 Record Date 0406/30/2002 0406/30/2002 0406/30/2002 Principal And Interest Constant 3,~~973~~870,~~453~~662.9903 3,~~700~~448,~~274~~400.2094 7,~~673~~319,~~728~~062.1997 Scheduled Principal ~~549~~516,~~964~~801.0536 ~~539~~547,~~731~~776.1125 1,~~089~~064,~~695~~577.1661 Unscheduled Principal 23,~~936~~076,~~139~~181.5455 32,~~144~~759,~~583~~835.4585 65,~~080~~836,~~722~~017.9940 Scheduled Interest 3,~~423~~353,~~489~~860.9467 32,~~160~~900,~~543~~624.0969 6,~~584~~254,~~033~~485.0336 Servicing Fees ~~355~~348,~~034~~673.2356 ~~343~~337,~~066~~280.8108 ~~698~~685,~~101~~953.0464 Master Servicing Fees 76,~~100~~973.6846 6,~~861~~745.3160 13,~~961~~719.9906 Trustee Fee 1,~~775~~743.1737 1,~~715~~686.3140 3,~~490~~429.4877 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 32,~~059~~996,~~579~~470.8628 2,~~808~~554,~~899~~912.6461 5,~~868~~551,~~479~~382.5089 Realized Loss Amount ~~877~~1,~~254~~097,896.8046 ~~292~~437,~~463~~194.0183 1,~~169~~535,~~717~~091.8129 Cumulative Realized Loss ~~996~~3,~~579~~534,828.8239 ~~368~~1,~~788~~083,400.6730 14,~~365~~618,~~368~~228.4969 Percentage of Cumulative Losses 0.0001 0.00 0.0001 Prepayment Penalties 0.00 0.00 0.00 Special Servicing ~~Fee~~FeePass-Through Rate 0.00 0.00 0.00 ~~Pass-Through Rate~~ 8.~~617704~~593923 87.~~187626~~575045 8.~~406351~~167625

Filing Compare · BEAR STEARNS AST BCK SEC INC MADISON AVE TRUST 2002-A