8-K 1 mav0200a.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, 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 September 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 September 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: 9/25/02 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 September 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities, INC. Asset-Backed Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 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.~~18688~~16000% ~~362~~356,~~212~~908,~~956~~401.3622 ~~704~~642,~~103~~435.3512 5,~~304~~781,~~555~~827.1411 A-2 55660AAB8 SEN 2.~~18688~~16000% ~~164~~162,~~605~~202,~~433~~910.0060 ~~319~~291,~~975~~965.4024 2,~~402~~814,~~522~~840.4103 A-IO 55660AAC6 SEN 0.30000% 0.00 ~~204~~202,~~060~~295.8611 0.00 M-1 55660AAD4 MEZ 3.~~28688~~26000% 56,897,000.00 ~~166~~154,~~234~~570.3218 0.00 M-2 55660AAE2 MEZ 4.~~08688~~06000% 61,112,000.00 ~~222~~206,~~006~~762.5927 0.00 B-1 55660AAF9 MEZ 5.~~08688~~06000% 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 B-2 BSAAC2BIO MEZ 5.~~08688~~06000% 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 HL MAV020AHL JUN 0.00000% 0.00 ~~657~~474,~~942~~458.5946 0.00 C MAV0200AC JUN 0.00000% 5354,~~406~~050,~~044~~123.7221 0.00 0.00 R-3 MAV020AR3 JUN 0.00000% 0.00 0.00 0.00 Totals ~~816~~809,~~243~~180,~~434~~435.0803 2,~~807~~470,~~925~~095.5122 78,~~707~~596,~~077~~667.5514

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~356~~351,~~908~~126,~~401~~574.2211 6,~~008~~424,~~658~~262.4923 0.00 A-2 0.00 ~~162~~159,~~202~~388,~~910~~070.6057 23,~~722~~106,~~497~~805.8127 0.00 A-IO 0.00 0.00 ~~204~~202,~~060~~295.8611 0.00 M-1 0.00 56,897,000.00 ~~166~~154,~~234~~570.3218 0.00 M-2 0.00 61,112,000.00 ~~222~~206,~~006~~762.5927 0.00 B-1 0.00 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 B-2 0.00 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 HL 0.00 0.00 ~~657~~474,~~942~~458.5946 0.00 C 0.00 54,~~050~~510,~~123~~387.2112 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~809~~801,~~180~~044,~~435~~031.0380 1011,~~515~~066,~~003~~762.0636 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 ~~362~~356,~~212~~908,~~956~~401.3622 0.00 5,~~304~~781,~~555~~827.1411 0.00 0.00 A-2 175,000,000.00 ~~164~~162,~~605~~202,~~433~~910.0060 0.00 2,~~402~~814,~~522~~840.4103 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 5354,~~406~~050,~~044~~123.7221 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 ~~816~~809,~~243~~180,~~434~~435.0803 0.00 78,~~707~~596,~~077~~667.5514 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,~~304~~781,~~555~~827.1411 ~~356~~351,~~908~~126,~~401~~574.2211 0.~~93595924~~92079693 5,~~304~~781,~~555~~827.1411 A-2 2,~~402~~814,~~522~~840.4103 ~~162~~159,~~202~~388,~~910~~070.6057 0.~~92687377~~91078897 2,~~402~~814,~~522~~840.4103 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 54,~~050~~510,~~123~~387.2112 1.~~06872770~~07782845 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 78,~~707~~596,~~077~~667.5514 ~~809~~801,~~180~~044,~~435~~031.0380 0.~~95997041~~95031779 78,~~707~~596,~~077~~667.5514

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 ~~949~~935.~~86994527~~95924050 0.00000000 1315.~~91070477~~16230633 0.00000000 A-2 175,000,000.00 ~~940~~926.~~60247429~~87377486 0.00000000 1316.~~72869949~~08480017 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 ~~1055~~1068.~~99240139~~72770120 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 1315.~~91070477~~16230633 ~~935~~920.~~95924050~~79693417 0.~~93595924~~92079693 1315.~~91070477~~16230633 A-2 0.00000000 1316.~~72869949~~08480017 ~~926~~910.~~87377486~~78897469 0.~~92687377~~91078897 1316.~~72869949~~08480017 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,~~068~~077.~~72770120~~82845363 1.~~06872770~~07782845 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.~~18688~~16000% ~~362~~356,~~212~~908,~~956~~401.3622 ~~704~~642,~~103~~435.3512 0.00 0.00 A-2 175,000,000.00 2.~~18688~~16000% ~~164~~162,~~605~~202,~~433~~910.0060 ~~319~~291,~~975~~965.4024 0.00 0.00 A-IO 0.00 0.30000% ~~816~~809,~~243~~180,~~434~~435.0803 ~~204~~202,~~060~~295.8611 0.00 0.00 M-1 56,897,000.00 3.~~28688~~26000% 56,897,000.00 ~~166~~154,~~234~~570.3218 0.00 0.00 M-2 61,112,000.00 4.~~08688~~06000% 61,112,000.00 ~~222~~206,~~006~~762.5927 0.00 0.00 B-1 59,005,000.00 5.~~08688~~06000% 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 0.00 B-2 59,005,000.00 5.~~08688~~06000% 59,005,000.00 ~~266~~248,~~801~~804.2042 0.00 0.00 HL 0.00 0.00000% 0.00 0.00 0.00 0.00 C 50,574,269.90 0.00000% 5354,~~406~~050,~~044~~123.7221 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 21,~~149~~995,~~982~~636.9276 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 ~~704~~642,~~103~~435.3512 0.00 ~~356~~351,~~908~~126,~~401~~574.2211 A-2 0.00 0.00 ~~319~~291,~~975~~965.4024 0.00 ~~162~~159,~~202~~388,~~910~~070.6057 A-IO 0.00 0.00 ~~204~~202,~~060~~295.8611 0.00 ~~809~~800,~~180~~974,~~435~~031.0380 M-1 0.00 0.00 ~~166~~154,~~234~~570.3218 0.00 56,897,000.00 M-2 0.00 0.00 ~~222~~206,~~006~~762.5927 0.00 61,112,000.00 B-1 0.00 0.00 ~~266~~248,~~801~~804.2042 0.00 59,005,000.00 B-2 0.00 0.00 ~~266~~248,~~801~~804.2042 0.00 59,005,000.00 HL 0.00 0.00 ~~657~~474,~~942~~458.5946 0.00 0.00 C 0.00 0.00 0.00 0.00 54,~~050~~510,~~123~~387.2112 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~807~~470,~~925~~095.5122 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.~~18688~~16000% ~~949~~935.~~86994527~~95924050 1.~~84644585~~68472663 0.00000000 0.00000000 A-2 175,000,000.00 2.~~18688~~16000% ~~940~~926.~~60247429~~87377486 1.~~82843086~~66837280 0.00000000 0.00000000 A-IO 0.00 0.30000% ~~968~~959.~~34958943~~97040751 0.~~24208740~~23999260 0.00000000 0.00000000 M-1 56,897,000.00 3.~~28688~~26000% 1000.00000000 2.~~92167109~~71666661 0.00000000 0.00000000 M-2 61,112,000.00 4.~~08688~~06000% 1000.00000000 3.~~63278227~~38333339 0.00000000 0.00000000 B-1 59,005,000.00 5.~~08688~~06000% 1000.00000000 4.~~52167104~~21666672 0.00000000 0.00000000 B-2 59,005,000.00 5.~~08688~~06000% 1000.00000000 4.~~52167104~~21666672 0.00000000 0.00000000 HL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 0.00000% ~~1055~~1068.~~99240139~~72770120 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.~~84644585~~68472663 0.00000000 ~~935~~920.~~95924050~~79693417 A-2 0.00000000 0.00000000 1.~~82843086~~66837280 0.00000000 ~~926~~910.~~87377486~~78897469 A-IO 0.00000000 0.00000000 0.~~24208740~~23999260 0.00000000 ~~959~~950.~~97040751~~23474917 M-1 0.00000000 0.00000000 2.~~92167109~~71666661 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~63278227~~38333339 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.~~52167104~~21666672 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~52167104~~21666672 0.00000000 1000.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~1068~~1077.~~72770120~~82845363 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 13,~~419~~811,~~651~~951.2971 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~399~~625,~~100~~696.1005 Realized Losses (21,~~019~~961,~~448~~928.3347) Prepayment Penalties 0.00 Total Deposits 1112,~~799~~475,~~303~~719.0629 Withdrawals Reimbursement for Servicer Advances ~~100~~232,~~287~~357.0156 Payment of Service Fee 1,~~184~~176,~~012~~599.9937 Payment of Interest and Principal 1011,~~515~~066,~~003~~762.0636 Total Withdrawals (Pool Distribution Amount) 1112,~~799~~475,~~303~~719.0629 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~680~~674,~~202~~317.6503 Backup Servicing Fee - Wells Fargo 13,~~604~~486.0634 Certificate Insurer Premium - Ambac 9493,~~388~~007.2944 Trustee Fee 3,~~401~~371.0158 Yield Maintenance Agreement Fee - Bear Stearns 392,416.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~184~~176,~~012~~599.9937

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 ~~738~~1,350 0 0 0 ~~738~~1,350 2751,~~719~~103,~~188~~322.9324 0.00 0.00 0.00 2751,~~719~~103,~~188~~322.9324 60 Days ~~181~~328 0 0 0 ~~181~~328 612,~~504~~319,~~097~~702.7981 0.00 0.00 0.00 612,~~504~~319,~~097~~702.7981 90 Days ~~176~~231 0 0 87 ~~263~~318 69,~~978~~105,~~440~~753.7487 0.00 0.00 3,~~498~~431,~~235~~296.9430 1012,~~476~~537,~~676~~050.6817 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 1,~~095~~909 0 0 87 1,~~182~~996 4172,~~201~~528,~~727~~778.4692 0.00 0.00 3,~~498~~431,~~235~~296.9430 4475,~~699~~960,~~963~~075.4022 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 36.~~452955~~376346% 0.000000% 0.000000% 0.000000% 36.~~452955~~376346% 36.~~425588~~379590% 0.000000% 0.000000% 0.000000% 36.~~425588~~379590% 60 Days 01.~~846863~~549216% 0.000000% 0.000000% 0.000000% 01.~~846863~~549216% 01.~~803788~~537956% 0.000000% 0.000000% 0.000000% 01.~~803788~~537956% 90 Days 01.~~823469~~091064% 0.000000% 0.000000% 0.~~407056~~410920% 1.~~230524~~501984% 01.~~862408~~136736% 0.000000% 0.000000% 0.~~432318~~428353% 1.~~294727~~565089% 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 59.~~123286~~016626% 0.000000% 0.000000% 0.~~407056~~410920% 59.~~530342~~427546% 59.~~091785~~054281% 0.000000% 0.000000% 0.~~432318~~428353% 59.~~524103~~482634% 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 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 ~~552~~1,036 0 0 0 ~~552~~1,036 2037,~~456~~862,~~729~~047.4150 0.00 0.00 0.00 2037,~~456~~862,~~729~~047.4150 60 Days ~~134~~249 0 0 0 ~~134~~249 49,~~699~~283,~~459~~682.5157 0.00 0.00 0.00 49,~~699~~283,~~459~~682.5157 90 Days ~~130~~171 0 0 6869 ~~198~~240 46,~~805~~295,~~098~~625.5242 0.00 0.00 2,~~728~~725,~~306~~885.7129 79,~~533~~021,~~405~~510.2371 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 ~~816~~1,456 0 0 6869 ~~884~~1,525 2953,~~961~~441,~~287~~355.4449 0.00 0.00 2,~~728~~725,~~306~~885.7129 3256,~~689~~167,~~594~~240.1578 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 48.~~615385~~740403% 0.000000% 0.000000% 0.000000% 48.~~615385~~740403% 49.~~984699~~323845% 0.000000% 0.000000% 0.000000% 49.~~984699~~323845% 60 Days 12.~~120401~~100734% 0.000000% 0.000000% 0.000000% 12.~~120401~~100734% 12.~~145119~~286184% 0.000000% 0.000000% 0.000000% 12.~~145119~~286184% 90 Days 1.~~086957~~442673% 0.000000% 0.000000% 0.~~568562~~582131% 12.~~655518~~024804% 1.~~170860~~550350% 0.000000% 0.000000% 0.~~664808~~671272% 12.~~835668~~221622% 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 612.~~822742~~283810% 0.000000% 0.000000% 0.~~568562~~582131% 712.~~391304~~865941% 713.~~300679~~160379% 0.000000% 0.000000% 0.~~664808~~671272% 713.~~965486~~831651% 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 ~~186~~314 0 0 0 ~~186~~314 713,~~262~~241,~~459~~274.5274 0.00 0.00 0.00 713,~~262~~241,~~459~~274.5274 60 Days 4779 0 0 0 4779 13,~~804~~036,~~638~~020.2824 0.00 0.00 0.00 13,~~804~~036,~~638~~020.2824 90 Days 4660 0 0 1918 6578 2,~~173~~810,~~342~~128.2245 0.00 0.00 ~~769~~705,~~929~~411.2301 23,~~943~~515,~~271~~539.4546 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 ~~279~~453 0 0 1918 ~~298~~471 1119,~~240~~087,~~440~~423.0243 0.00 0.00 ~~769~~705,~~929~~411.2301 1219,~~010~~792,~~369~~834.2544 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 13.~~977461~~369460% 0.000000% 0.000000% 0.000000% 13.~~977461~~369460% 13.~~822755~~352507% 0.000000% 0.000000% 0.000000% 13.~~822755~~352507% 60 Days 0.~~499681~~847730% 0.000000% 0.000000% 0.000000% 0.~~499681~~847730% 0.~~452934~~768678% 0.000000% 0.000000% 0.000000% 0.~~452934~~768678% 90 Days 0.~~489050~~643846% 0.000000% 0.000000% 0.~~201999~~193154% 0.~~691048~~837000% 0.~~545472~~711485% 0.000000% 0.000000% 0.~~193239~~178600% 0.~~738711~~890086% 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 24.~~966192~~861037% 0.000000% 0.000000% 0.~~201999~~193154% 35.~~168191~~054190% 24.~~821161~~832670% 0.000000% 0.000000% 0.~~193239~~178600% 35.~~014400~~011270% ~~Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.~~

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~399~~625,~~100~~696.1005

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 96.~~931967~~435721% Weighted Average Net Coupon 85.~~931967~~435721% Weighted Average Pass-Through Rate 85.~~906967~~410721% Weighted Average Maturity(Stepdown Calculation ) ~~300~~299 Beginning Scheduled Collateral Loan Count 21,~~566~~373 Number Of Loans Paid In Full ~~193~~201 Ending Scheduled Collateral Loan Count 21,~~373~~172 Beginning Scheduled Collateral Balance ~~816~~809,~~243~~180,~~434~~435.0803 Ending Scheduled Collateral Balance ~~809~~800,~~180~~974,~~435~~031.0380 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~809~~801,~~180~~044,~~435~~031.0380 Monthly P &I Constant 75,~~922~~313,~~720~~986.6033 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 21,~~019~~961,~~448~~928.3347 Cumulative Realized Loss 68,~~637~~599,~~677~~605.0249 Ending Scheduled Balance for Premium Loans ~~809~~800,~~180~~974,~~435~~031.0380 Scheduled Principal 1974,~~166,968~~270.2630 Unscheduled Principal 57,~~896~~162,~~030~~132.7993 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 2460,~~663,526~~263.8389 Overcollateralized reduction Amount 0.00 Specified O/C Amount ~~809~~800,~~180~~974,~~435~~031.0380 Overcollateralized Amount 54,~~050~~440,~~123~~387.2112 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~644~~460,~~078~~263.5089 Excess Cash Amount 1920,~~288,156~~527.9978

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 ~~17,203~~400.7600 Cumulative Insurance Payments received from Ambac 0.00 Adjusted Net WAC Cap Rate 7.~~9460976291~~2997563397% Group I Liquidated Loan Count 6353 Group I Liquidated Loan Balances 2,~~196~~033,~~694~~410.2036 Group II Liquidated Loan Count 1718 Group II Liquidated Loan Balances ~~597~~701,~~358~~289.6898 Loan Count of Current Period Repossessions 7971 Actual Balance of Current Period Repossessions 32,~~026~~734,~~709~~700.5834

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 105.~~284173~~510197 97.~~568017~~389156 96.~~931967~~435721 Weighted Average Net Rate 94.~~284172~~510197 86.~~568018~~389156 85.~~931967~~435721 ~~Pass-Through Rate 9.259172 8.543018 8.906967~~ Weighted Average Maturity ~~306~~305 ~~293~~292 ~~300~~299 Beginning Loan Count 1211,~~083~~960 9,~~483~~406 21,~~566~~366 Loans Paid In Full ~~123~~107 7787 ~~200~~194 Ending Loan Count 11,~~960~~853 9,~~406~~319 21,~~366~~172 Beginning Scheduled Balance ~~414~~410,~~814~~600,~~813~~288.8099 ~~401~~398,~~428~~580,~~620~~146.2804 ~~816~~809,~~243~~180,~~434~~435.0803 Ending scheduled Balance ~~410~~406,~~600~~007,~~288~~623.9992 ~~398~~394,~~580~~966,~~146~~407.0488 ~~809~~800,~~180~~974,~~435~~031.0380 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant 72,~~769~~367,~~547~~715.4335 62,~~049~~946,~~203~~270.9698 135,~~818~~313,~~751~~986.3933 Scheduled Principal ~~566~~482,~~161~~308.7141 ~~600~~491,~~806~~961.5589 1974,~~166,968~~270.2630 Unscheduled Principal 34,~~648~~040,~~363~~356.1066 23,~~247~~121,~~667~~776.6927 57,~~896~~162,~~030~~132.7993 Scheduled Interest 31,~~555~~885,~~022~~406.6294 32,~~200~~454,~~729~~309.7209 64,~~755~~339,~~752~~716.3403 Servicing Fees ~~345~~342,~~679~~166.1791 ~~334~~332,~~523~~150.4812 ~~680~~674,~~202~~317.6503 Master Servicing Fees 6,~~917~~843.4734 6,~~686~~643.5900 13,~~604~~486.0634 Trustee Fee 1,~~729~~710.3683 1,~~671~~660.6575 3,~~401~~371.0158 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 31,~~200~~534,~~701~~685.4786 2,~~857~~113,~~843~~855.1422 63,~~058~~648,~~544~~541.6108 Realized Loss Amount 1,~~630~~510,~~184~~506.8633 ~~389~~451,~~263~~422.4714 21,~~019~~961,~~448~~928.3347 Cumulative Realized Loss 56,~~165~~675,~~013~~519.2558 1,~~472~~924,~~663~~085.7791 68,~~637~~599,~~677~~605.0249 Percentage of Cumulative Losses 0.0102 0.00 0.01 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.485197 6.364156 5.410721

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