8-K 1 bsa01002.txt NOVEMBER 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): November 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2001-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-01 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) Pending jurisdiction 90-0042354 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 November 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2001-2 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 2001-2 Trust, relating to the November 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2001-2 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-2 Trust, relating to the November 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 910/3031/02 Distribution Date: 1011/25/02 BSA Series: 2001-2 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 I-A-1 07384YAA4 SEN 6.85000% 0.00 0.00 0.00 I-A-2 07384YAB2 SEN 6.47000% ~~109~~104,~~193~~936,~~538~~583.2910 ~~588~~565,~~735~~783.1606 45,~~256~~118,~~955~~678.1901 II-A 07384YAC0 SEN 2.~~13375~~15000% 6058,~~355~~652,~~001~~107.4258 ~~107~~108,~~318~~587.7485 12,~~702~~618,~~893~~964.8339 III-A 07384YAD8 SEN 7.50000% 2017,~~976~~695,~~055~~837.2971 ~~131~~110,~~100~~598.3598 32,~~280~~131,~~217~~330.5812 A-IO 07384YAE6 IO 7.00000% 0.00 210,000.00 0.00 M-1 07384YAF3 MEZ 2.~~51375~~53000% 10,781,000.00 2223,~~583~~487.9561 0.00 M-2 07384YAG1 MEZ 2.~~97375~~99000% 10,421,000.00 2526,~~824~~831.5418 0.00 B 07384YAH9 SUB 3.~~96375~~98000% 9,343,000.00 3032,~~861~~020.1054 0.00 B-IO BSA012BIO IO 0.00000% 0.00 ~~303~~417,~~530~~807.8298 0.00 OC BSA0102OC OC 0.00000% 1,796,781.75 0.00 0.00 R-1 07384YAJ5 RES 0.00000% 0.00 0.00 0.00 R-2 07384YAK2 RES 0.00000% 0.00 0.00 0.00 R-3 07384YAL0 RES 0.00000% 0.00 0.00 0.00 Totals ~~222~~213,~~866~~626,~~376~~310.7514 1,~~419~~495,~~954~~117.6620 9,~~240~~868,~~066~~972.6052

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 0.00 0.00 0.00 I-A-2 0.00 ~~104~~99,~~936~~817,~~583~~905.1009 45,~~845~~684,~~690~~461.3507 0.00 II-A 0.00 5856,~~652~~033,~~107~~143.5819 12,~~810~~727,~~212~~552.5724 0.00 III-A 0.00 1715,~~695~~564,~~837~~507.7159 32,~~411~~241,~~317~~929.9310 0.00 A-IO 0.00 0.00 210,000.00 0.00 M-1 0.00 10,781,000.00 2223,~~583~~487.9561 0.00 M-2 0.00 10,421,000.00 2526,~~824~~831.5418 0.00 B 0.00 9,343,000.00 3032,~~861~~020.1054 0.00 B-IO 0.00 0.00 ~~303~~417,~~530~~807.8298 0.00 OC 0.00 1,796,781.75 0.00 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~213~~203,~~626~~757,~~310~~337.1462 1011,~~660~~364,~~021~~089.2672 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) I-A-1 21,000,000.00 0.00 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 ~~109~~104,~~193~~936,~~538~~583.2910 0.00 45,~~256~~118,~~955~~678.1901 0.00 0.00 II-A 93,995,000.00 6058,~~355~~652,~~001~~107.4258 0.00 12,~~702~~618,~~893~~964.8339 0.00 0.00 III-A 35,783,000.00 2017,~~976~~695,~~055~~837.2971 0.00 32,~~280~~131,~~217~~330.5812 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 10,781,000.00 10,781,000.00 0.00 0.00 0.00 0.00 M-2 10,421,000.00 10,421,000.00 0.00 0.00 0.00 0.00 B 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 OC 350.59 1,796,781.75 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 Totals 359,356,500.59 ~~222~~213,~~866~~626,~~376~~310.7514 0.00 9,~~240~~868,~~066~~972.6052 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 I-A-1 0.00 0.00 0.00000000 0.00 I-A-2 45,~~256~~118,~~955~~678.1901 ~~104~~99,~~936~~817,~~583~~905.1009 0.~~58942209~~56067080 45,~~256~~118,~~955~~678.1901 II-A 12,~~702~~618,~~893~~964.8339 5856,~~652~~033,~~107~~143.5819 0.~~62399178~~59612898 12,~~702~~618,~~893~~964.8339 III-A 32,~~280~~131,~~217~~330.5812 1715,~~695~~564,~~837~~507.7159 0.~~49453198~~43496933 32,~~280~~131,~~217~~330.5812 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 10,781,000.00 1.00000000 0.00 M-2 0.00 10,421,000.00 1.00000000 0.00 B 0.00 9,343,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 OC 0.00 1,796,781.75 5,125.02281868 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 9,~~240~~868,~~066~~972.6052 ~~213~~203,~~626~~757,~~310~~337.1462 0.~~59446903~~56700613 9,~~240~~868,~~066~~972.6052

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 21,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 ~~613~~589.~~33313650~~42209085 0.00000000 2328.~~91104565~~75128774 0.00000000 II-A 93,995,000.00 ~~642~~623.~~10863791~~99178233 0.00000000 1827.~~11685547~~86280536 0.00000000 III-A 35,783,000.00 ~~586~~494.~~20169606~~53197636 0.00000000 9159.~~66971970~~56264483 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 10,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,421,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 5125022.81867709 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 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 I-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 2328.~~91104565~~75128774 ~~589~~560.~~42209085~~67080311 0.~~58942209~~56067080 2328.~~91104565~~75128774 II-A 0.00000000 1827.~~11685547~~86280536 ~~623~~596.~~99178233~~12897697 0.~~62399178~~59612898 1827.~~11685547~~86280536 III-A 0.00000000 9159.~~66971970~~56264483 ~~494~~434.~~53197636~~96933153 0.~~49453198~~43496933 9159.~~66971970~~56264483 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 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 5,125,022.~~81867709~~8186770 5125.02281868 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 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 I-A-1 21,000,000.00 6.85000% 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 6.47000% ~~109~~104,~~193~~936,~~538~~583.2910 ~~588~~565,~~735~~783.1608 0.00 0.00 II-A 93,995,000.00 2.~~13375~~15000% 6058,~~355~~652,~~001~~107.4258 ~~107~~108,~~318~~587.7486 0.00 0.00 III-A 35,783,000.00 7.50000% 2017,~~976~~695,~~055~~837.2971 ~~131~~110,~~100~~598.3599 0.00 0.00 A-IO 0.00 7.00000% 36,000,000.00 210,000.00 0.00 0.00 M-1 10,781,000.00 2.~~51375~~53000% 10,781,000.00 2223,~~583~~487.9561 0.00 0.00 M-2 10,421,000.00 2.~~97375~~99000% 10,421,000.00 2526,~~824~~831.5418 0.00 0.00 B 9,343,000.00 3.~~96375~~98000% 9,343,000.00 3032,~~861~~020.1054 0.00 0.00 B-IO 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 350.59 0.00000% 1,796,781.75 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 359,356,500.59 1,~~116~~077,~~423~~309.8426 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 I-A-1 0.00 0.00 0.00 0.00 0.00 I-A-2 0.0001 0.00 ~~588~~565,~~735~~783.1606 0.00 ~~104~~99,~~936~~817,~~583~~905.1009 II-A 0.0001 0.00 ~~107~~108,~~318~~587.7485 0.00 5856,~~652~~033,~~107~~143.5819 III-A 0.00 0.00 ~~131~~110,~~100~~598.3598 0.00 1715,~~695~~564,~~837~~507.7159 A-IO 0.00 0.00 210,000.00 0.00 36,000,000.00 M-1 0.00 0.00 2223,~~583~~487.9561 0.00 10,781,000.00 M-2 0.00 0.00 2526,~~824~~831.5418 0.00 10,421,000.00 B 0.00 0.00 3032,~~861~~020.1054 0.00 9,343,000.00 B-IO 0.00 0.00 ~~303~~417,~~530~~807.8298 0.00 0.00 OC 0.00 0.00 0.00 0.00 1,796,781.75 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.0002 0.00 1,~~419~~495,~~954~~117.6620 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 I-A-1 21,000,000.00 6.85000% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 6.47000% ~~613~~589.~~33313650~~42209085 3.~~30688782~~17796746 0.00000000 0.00000000 II-A 93,995,000.00 2.~~13375~~15000% ~~642~~623.~~10863791~~99178233 1.~~14174945~~15525145 0.00000000 0.00000000 III-A 35,783,000.00 7.50000% ~~586~~494.~~20169606~~53197636 3.~~66376072~~09082497 0.00000000 0.00000000 A-IO 0.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000 M-1 10,781,000.00 2.~~51375~~53000% 1000.00000000 2.~~09479176~~17861145 0.00000000 0.00000000 M-2 10,421,000.00 2.~~97375~~99000% 1000.00000000 2.~~47812494~~57472220 0.00000000 0.00000000 B 9,343,000.00 3.~~96375~~98000% 1000.00000000 3.~~30312533~~42722252 0.00000000 0.00000000 B-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 0.00000% 5125022.81867709 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 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 I-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.~~00000000~~00000006 0.00000000 3.~~30688782~~17796734 0.00000000 ~~589~~560.~~42209085~~67080311 II-A 0.~~00000000~~00000011 0.00000000 1.~~14174945~~15525134 0.00000000 ~~623~~596.~~99178233~~12897697 III-A 0.00000000 0.00000000 3.~~66376072~~09082469 0.00000000 ~~494~~434.~~53197636~~96933153 A-IO 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~09479176~~17861145 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~47812494~~57472220 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~30312533~~42722252 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 5125022.81867709 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 1011,~~756~~308,~~488~~973.4426 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~260~~256,~~026~~746.7136 Realized Losses (~~278~~132,~~924~~636.62) Prepayment Penalties 0.00 Total Deposits 1011,~~737~~433,~~590~~083.5300 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7768,~~569~~993.2728 Payment of Interest and Principal 1011,~~660~~364,~~021~~089.2672 Total Withdrawals (Pool Distribution Amount) 1011,~~737~~433,~~590~~083.5300 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 313,~~806~~419.4984 Servicing Fee Support 27,~~441~~275.8619 Non-Supported Prepayment/Curtailment Interest Shortfall 16,~~364~~144.6365

SERVICING FEES Gross Servicing Fee 7874,~~153~~488.9125 Master Servicing Fee 1,~~857~~780.22 Supported Prepayment/Curtailment Interest Shortfall 27,~~441~~275.8619 Net Servicing Fee 7768,~~569~~993.2728

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 ~~132~~129 0 0 ~~132~~129 3,~~850~~841,~~995~~754.8442 0.00 0.00 3,~~850~~841,~~995~~754.8442 30 Days ~~190~~203 1613 0 0 ~~206~~216 87,~~351~~537,~~665~~966.5564 ~~596~~481,~~302~~006.9060 0.00 0.00 8,~~947~~018,~~968~~973.4524 60 Days 4749 137 30 0 6356 12,~~815~~566,~~350~~305.7195 ~~617~~148,~~124~~954.9042 ~~65,242~~0.6600 0.00 2,~~497~~715,~~718~~260.2737 90 Days 1622 1312 149 0 43 ~~726~~1,~~362~~245,610.2298 ~~337~~548,~~354~~794.4666 ~~487~~247,~~656~~234.00 0.00 12,~~551~~041,~~372~~639.6864 120 Days 2322 39 1611 0 42 ~~716~~587,~~450~~589.8637 69208,~~344~~428.0260 ~~617~~366,~~624~~081.5144 0.00 1,~~403~~162,~~419~~099.3941 150 Days 1012 6 1013 10 2731 ~~585~~576,~~558~~881.4283 ~~212~~276,~~703~~074.2483 ~~471~~493,~~671~~953.5046 ~~45,236~~0.7200 1,~~315~~346,~~169~~910.8812 180+ Days 2628 2531 5951 2829 ~~138~~139 1,~~386~~734,~~153~~959.0050 ~~854~~1,~~556~~231,504.3524 32,~~151~~349,~~686~~302.4978 ~~728~~937,~~138~~114.7816 6,~~120~~252,~~534~~880.6268 Totals ~~312~~336 ~~208~~207 ~~102~~84 29 ~~651~~656 1314,~~581~~249,~~540~~314.7627 6,~~538~~736,~~381~~517.7177 43,~~793~~456,~~881~~571.1668 ~~773~~937,~~375~~114.5016 25,~~687~~379,~~179~~517.1388 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 2.~~558635~~570233% 0.000000% 0.000000% 2.~~558635~~570233% 1.~~801581~~884248% 0.000000% 0.000000% 1.~~801581~~884248% 30 Days 34.~~682884~~044630% 0.~~310138~~259016% 0.000000% 0.000000% 34.~~993022~~303646% 3.~~907095~~697113% 0.~~278964~~235917% 0.000000% 0.000000% 43.~~186058~~933030% 60 Days 0.~~911029~~976290% 0.~~251987~~139470% 0.~~058151~~000000% 0.000000% 1.~~221167~~115760% 01.~~849261~~258685% 0.~~288705~~073057% 0.~~030522~~000000% 0.000000% 1.~~168488~~331742% 90 Days 0.~~310138~~438334% 0.~~251987~~239091% 0.~~271370~~179319% 0.000000% 0.~~833495~~856744% 0.~~339808~~610929% 0.~~157822~~269165% 0.~~228136~~121260% 0.000000% 01.~~725767~~001354% 120 Days 0.~~445823~~438334% 0.~~058151~~179319% 0.~~310138~~219167% 0.000000% 0.~~814111~~836820% 0.~~335172~~288192% 0.~~032441~~102227% 0.~~288938~~179550% 0.000000% 0.~~656551~~569970% 150 Days 0.~~193836~~239091% 0.~~116302~~119546% 0.~~193836~~259016% 0.~~019384~~000000% 0.~~523357~~617653% 0.~~273937~~282941% 0.~~099507~~135405% 0.~~220658~~242267% 0.~~021163~~000000% 0.~~615266~~660613% 180+ Days 0.~~503974~~557880% 0.~~484590~~617653% 1.~~143632~~016139% 0.~~542741~~577804% 2.~~674937~~769476% 0.~~648473~~850938% 0.~~399780~~604010% 1.~~474429~~152252% 0.~~340639~~459622% 23.~~863322~~066823% Totals 6.~~047684~~694561% 4.~~031789~~124328% 1.~~977127~~673640% 0.~~562124~~577804% 1213.~~618725~~070333% 6.~~353746~~988798% 3.~~058800~~304030% 21.~~242684~~695329% 0.~~361802~~459622% 12.~~017033~~447780%

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 6568 0 0 6568 1,~~552~~677,~~810~~454.7923 0.00 0.00 1,~~552~~677,~~810~~454.7923 30 Days 93106 106 0 0 ~~103~~112 3,~~677~~913,~~655~~736.8544 ~~310~~221,~~625~~106.0461 0.00 0.00 34,~~988~~134,~~280~~843.8905 60 Days 2821 34 10 0 3225 ~~865~~827,~~714~~293.9092 ~~213~~51,~~442~~857.7459 ~~24,163~~0.5000 0.00 1879,~~103,321~~151.1451 90 Days 712 8 73 0 2223 ~~459~~744,~~616~~555.9294 ~~157~~344,~~438~~379.9062 ~~191~~68,~~469~~688.0051 0.00 ~~808~~1,~~524~~157,624.8207 120 Days 9 34 76 0 19 ~~241~~151,~~093~~165.5872 6987,~~344~~191.0283 ~~299~~217,~~282~~040.2474 0.00 ~~609~~455,~~719~~398.8429 150 Days 4 4 2 18 110 ~~199~~14 105,~~420~~644.8356 ~~146~~48,~~612~~322.7674 23362,~~888~~018.1354 ~~45,236~~0.7200 ~~415~~515,~~158~~985.4484 180 Days 910 810 3529 11 6360 ~~321~~471,~~371~~073.6297 ~~239~~323,~~408~~795.5324 1,~~596~~104,~~189~~722.6556 ~~178~~310,~~589~~092.4309 2,~~335~~209,~~559~~683.2386 Totals ~~150~~162 ~~101~~102 5246 1211 ~~315~~321 56,~~764~~213,~~873~~470.7055 2,~~689~~754,~~682~~107.7886 21,~~134~~752,~~992~~470.5235 ~~223~~310,~~826~~092.1509 1011,~~813~~030,~~375~~140.1585 0-29 Days 2.~~038896~~191428% 0.000000% 0.000000% 2.~~038896~~191428% 1.~~243890~~401214% 0.000000% 0.000000% 1.~~243890~~401214% 30 Days 23.~~917189~~416049% 0.~~313676~~193361% 0.000000% 0.000000% 3.~~230866~~609410% 23.~~946013~~269230% 0.~~248828~~184695% 0.000000% 0.000000% 3.~~194841~~453925% 60 Days 0.~~878294~~676764% 0.~~094103~~128908% 0.~~031368~~000000% 0.000000% 10.~~003764~~805672% 0.~~693487~~691057% 0.~~170980~~043318% 0.~~019356~~000000% 0.000000% 0.~~883823~~734375% 90 Days 0.~~219573~~386723% 0.~~250941~~257815% 0.~~219573~~096681% 0.000000% 0.~~690088~~741218% 0.~~368179~~621944% 0.~~126118~~287668% 0.~~153378~~057377% 0.000000% 0.~~647675~~966989% 120 Days 0.~~282309~~290042% 0.~~094103~~128908% 0.~~219573~~193361% 0.000000% 0.~~595985~~612311% 0.~~193130~~126272% 0.~~055549~~072833% 0.~~239742~~181299% 0.000000% 0.~~488421~~380404% 150 Days 0.~~125471~~128908% 0.~~125471~~064454% 0.~~062735~~257815% 0.~~031368~~000000% 0.~~345044~~451176% 0.~~159748~~088247% 0.~~117445~~040365% 0.~~019136~~302402% 0.~~036237~~000000% 0.~~332566~~431014% 180 Days 0.~~282309~~322269% 0.~~250941~~322269% 10.~~097867~~934579% 0.~~345044~~354496% 1.~~976161~~933613% 0.~~257437~~393498% 0.~~191780~~270473% 10.~~278639~~922799% 0.~~143060~~259027% 1.~~870917~~845797% Totals 45.~~705144~~220754% 3.~~168130~~287141% 1.~~631117~~482436% 0.~~376412~~354496% 910.~~880803~~344828% 45.~~617994~~190248% 2.~~154590~~300567% 1.~~710251~~463877% 0.~~179298~~259027% 89.~~662133~~213719% 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 6761 0 0 6761 2,~~298~~164,~~185~~300.0519 0.00 0.00 2,~~298~~164,~~185~~300.0519 30 Days 9396 67 0 0 99103 3,~~752~~330,~~767~~083.2406 ~~285~~259,~~677~~899.8699 0.00 0.00 43,~~038~~589,~~445~~983.1005 60 Days 1825 103 20 0 3028 ~~654~~862,~~539~~934.5654 ~~403~~97,~~682~~096.1683 ~~41,079~~0.1600 0.00 1960,~~099,300~~031.8837 90 Days 910 54 76 0 2120 ~~266~~501,~~745~~055.3004 ~~179~~204,~~915~~415.5604 ~~296~~178,~~187~~545.0049 0.00 ~~742~~884,~~847~~015.8657 120 Days 1413 05 95 0 23 ~~475~~436,~~357~~423.2865 0121,236.0077 ~~318~~149,~~342~~040.2770 0.00 ~~793~~706,~~699~~701.5512 150 Days 68 24 85 0 1617 ~~386~~471,~~137~~237.5927 66227,~~090~~752.4809 ~~447~~131,~~783~~934.3792 0.00 ~~900~~830,~~011~~924.4428 180 Days 1718 1721 2321 1718 7478 1,~~064~~263,~~781~~885.3853 ~~615~~907,~~147~~709.8200 1917,~~228,227~~533.8192 ~~549~~627,~~549~~022.3507 3,~~457~~716,~~706~~150.3652 Totals ~~157~~170 ~~107~~105 4937 1718 330 6,~~600~~865,~~328~~619.3509 3,~~848~~982,~~698~~409.9391 21,~~331~~377,~~619~~055.6103 ~~549~~627,~~549~~022.3507 1312,~~330~~852,~~196~~106.2410 0-29 Days 3.~~517060~~284868% 0.000000% 0.000000% 3.~~517060~~284868% 3.~~402901~~335152% 0.000000% 0.000000% 3.~~402901~~335152% 30 Days 45.~~881890~~169628% 0.~~314961~~376952% 0.000000% 0.000000% 5.~~196850~~546581% 5.~~556687~~131605% 0.~~423001~~400502% 0.000000% 0.000000% 5.~~979688~~532107% 60 Days 01.~~944882~~346257% 0.~~524934~~161551% 0.~~104987~~000000% 0.000000% 1.~~574803~~507808% 01.~~969171~~329768% 0.~~597728~~149625% 0.~~060826~~000000% 0.000000% 1.~~627725~~479393% 90 Days 0.~~472441~~538503% 0.~~262467~~215401% 0.~~367454~~323102% 0.000000% 1.~~102362~~077006% 0.~~394967~~772118% 0.~~266399~~315000% 0.~~438561~~275136% 0.000000% 1.~~099928~~362254% 120 Days 0.~~734908~~700054% 0.~~000000~~269251% 0.~~472441~~269251% 0.000000% 1.~~207349~~238557% 0.~~703857~~672522% 0.~~000000~~186824% 0.~~471366~~229669% 0.000000% 1.~~175224~~089015% 150 Days 0.~~314961~~430802% 0.~~104987~~215401% 0.~~419948~~269251% 0.000000% 0.~~839895~~915455% 0.~~571750~~726169% 0.~~097860~~350962% 0.~~663029~~203310% 0.000000% 1.~~332639~~280441% 180 Days 0.~~892388~~969305% 01.~~892388~~130856% 1.~~207349~~130856% 0.~~892388~~969305% 34.~~884514~~200323% 1.~~576612~~947628% 01.~~910844~~398765% 1.~~818625~~413905% 0.~~813713~~966231% 5.~~119793~~726529% Totals 89.~~241470~~154550% 5.~~616798~~654281% 21.~~572178~~992461% 0.~~892388~~969305% 17.~~322835~~770598% 910.~~773044~~579810% 56.~~698733~~136830% 32.~~452407~~122020% 0.~~813713~~966231% 19.~~737897~~804891% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 41 0 0 0 41 ~~921~~294,~~242~~147.4614 0.00 0.00 0.00 ~~921~~294,~~242~~147.4614 60 Days 13 0 0 0 13 ~~295~~876,~~096~~077.2549 0.00 0.00 0.00 ~~295~~876,~~096~~077.2549 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 1 0 1 0.00 0.00 327,~~269~~046.0330 0.00 327,~~269~~046.0330 Totals 54 0 1 0 65 1,~~216~~170,~~338~~224.7163 0.00 327,~~269~~046.0330 0.00 1,~~543~~497,~~607~~270.7493 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 61.~~060606~~694915% 0.000000% 0.000000% 0.000000% 61.~~060606~~694915% 41.~~307821~~525660% 0.000000% 0.000000% 0.000000% 41.~~307821~~525660% 60 Days 15.~~515152~~084746% 0.000000% 0.000000% 0.000000% 15.~~515152~~084746% 14.~~379899~~543973% 0.000000% 0.000000% 0.000000% 14.~~379899~~543973% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 1.~~515152~~694915% 0.000000% 1.~~515152~~694915% 0.000000% 0.000000% 1.~~530342~~696299% 0.000000% 1.~~530342~~696299% Totals 76.~~575758~~779661% 0.000000% 1.~~515152~~694915% 0.000000% 98.~~090909~~474576% 56.~~687721~~069634% 0.000000% 1.~~530342~~696299% 0.000000% 7.~~218063~~765933%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~260~~256,~~026~~746.7136

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.~~578244~~576383% Weighted Average Net Coupon 9.~~157432~~157961% Weighted Average Pass-Through Rate 9.~~157432~~153558% Weighted Average Maturity(Stepdown Calculation ) ~~210~~209 Beginning Scheduled Collateral Loan Count 5,~~288~~159 Number Of Loans Paid In Full ~~129~~140 Ending Scheduled Collateral Loan Count 5,~~159~~019 Beginning Scheduled Collateral Balance ~~222~~213,~~866~~626,~~376~~310.7515 Ending Scheduled Collateral Balance ~~213~~203,~~626~~757,~~310~~337.1562 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~213~~203,~~756~~887,~~418~~905.1027 Monthly P &I Constant 2,~~769~~675,~~213~~892.1246 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~278~~132,~~924~~636.62 Cumulative Realized Loss ~~915~~1,~~527~~048,164.7436 Ending Scheduled Balance for Premium Loans ~~213~~203,~~626~~757,~~310~~337.1562 Scheduled Principal ~~990~~971,~~322~~086.7236 Unscheduled Principal 8,~~249~~897,~~743~~886.8817 Required Overcollateralization Amount 1,796,781.75 Overcollateralized Increase Amount ~~278~~132,~~924~~636.62 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,796,781.75 Overcollateralized Amount 1,796,781.75 Overcollateralized Deficiency Amount ~~278~~132,~~924~~636.62 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~278~~132,~~924~~636.62 Excess Cash Amount ~~582~~550,~~455~~444.4457

Miscellaneous Reporting BSSP Group 1 - Stated Principal Balance 10,~~605~~054,~~511~~517.3177 BSSP Group 2 - Stated Principal Balance ~~148~~147,~~039~~299.2848 BSSP Group 3 - Stated Principal Balance ~~200~~198,~~256~~462.0545 Three Month Rolling Average 56.~~781661~~151780% Trigger Event NO

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 9.~~593164~~541046 10.~~153136~~169501 7.~~876819~~907663 Weighted Average Net Rate 9.~~185851~~140304 9.~~664794~~681284 7.~~575700~~606663 Weighted Average Maturity ~~110~~109 1716 ~~233~~232 Beginning Loan Count 3,~~279~~188 1,~~934~~905 7566 Loans Paid In Full 9185 2948 97 Ending Loan Count 3,~~188~~103 1,~~905~~857 6659 Beginning Scheduled Balance ~~129~~124,~~028~~726,~~736~~993.1275 6967,~~292~~536,~~843~~005.7321 2421,~~544~~363,~~796~~311.9019 Ending scheduled Balance ~~124~~119,~~726~~609,~~993~~486.7560 6764,~~536~~887,~~005~~225.2139 2119,~~363~~260,~~311~~625.1963 Record Date 0910/3031/2002 0910/3031/2002 0910/3031/2002 Principal And Interest Constant 1,~~671~~621,~~788~~084.2549 ~~898~~880,~~537~~470.0823 ~~198~~174,~~887~~337.7974 Scheduled Principal ~~640~~629,~~293~~396.3616 ~~312~~308,~~254~~130.0168 3733,~~775~~559.3552 Unscheduled Principal 34,~~661~~488,~~449~~110.0199 12,~~444~~340,~~584~~649.5114 32,~~143~~069,~~710~~126.3604 Scheduled Interest 1991,~~031,494~~688.8933 ~~586~~572,~~283~~339.0755 ~~161~~140,~~112~~778.4422 Servicing Fees 4341,~~795~~652.9778 2827,~~198~~476.8584 65,~~159~~358.0963 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0659.0089 0.00 0123.0089 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 ~~987~~949,~~698~~375.9266 ~~558~~544,~~084~~862.2271 ~~154~~135,~~953~~295.3570 Realized Loss Amount ~~173~~67,~~289~~622.4694 ~~105~~65,~~348~~013.9768 ~~286~~0.1900 Cumulative Realized Loss ~~430~~498,~~770~~393.9892 ~~484~~549,~~470~~484.5725 286.19 Percentage of Cumulative Losses 0.00 0.01 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 9.~~185851~~133955 9.~~664794~~681284 7.~~575700~~599704

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 9.~~578244~~576383 Weighted Average Net Rate 9.~~157432~~157961 Weighted Average Maturity ~~210~~209 Beginning Loan Count 5,~~288~~159 Loans Paid In Full ~~129~~140 Ending Loan Count 5,~~159~~019 Beginning Scheduled Balance ~~222~~213,~~866~~626,~~376~~310.7515 Ending scheduled Balance ~~213~~203,~~626~~757,~~310~~337.1562 Record Date 0910/3031/2002 Principal And Interest Constant 2,~~769~~675,~~213~~892.1246 Scheduled Principal ~~990~~971,~~322~~086.7236 Unscheduled Principal 8,~~249~~897,~~743~~886.8817 Scheduled Interest 1,~~778~~704,~~890~~806.4010 Servicing Fees 7874,~~153~~488.9125 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0783.0078 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,~~700~~629,~~736~~534.4907 Realized Loss Amount ~~278~~132,~~924~~636.62 Cumulative Realized Loss ~~915~~1,~~527~~048,164.7436 Percentage of Cumulative Losses 0.0001 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 9.~~157432~~153558

Filing Compare · BEAR STEARNS ASSET BACKED SECURITIES TRUST 2001-2