8-K 1 mav0200a.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 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 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 November 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 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. 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: 12/3/02 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 November 25, 2002 distribution.

Bear Stearns Asset Backed Securities, INC. Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: 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.~~16375~~18000% ~~351~~347,~~126~~747,~~574~~274.1117 ~~633~~652,~~125~~798.1090 34,~~379~~252,~~299~~159.9414 A-2 55660AAB8 SEN 2.~~16375~~18000% ~~159~~157,~~388~~782,~~070~~450.5747 ~~287~~296,~~396~~192.6172 1,~~605~~727,~~620~~589.1047 A-IO 55660AAC6 SEN 0.30000% 0.00 ~~200~~198,~~261~~487.0178 0.00 M-1 55660AAD4 MEZ 3.~~26375~~28000% 56,897,000.00 ~~154~~160,~~747~~702.9941 0.00 M-2 55660AAE2 MEZ 4.~~06375~~08000% 61,112,000.00 ~~206~~214,~~953~~706.2482 0.00 B-1 55660AAF9 MEZ 5.~~06375~~08000% 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 B-2 BSAAC2BIO MEZ 5.~~06375~~08000% 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 HL MAV020AHL JUN 0.00000% 0.00 0.00 0.00 C MAV0200AC JUN 0.00000% 5452,~~510~~402,~~387~~397.1259 010,115.0026 0.00 R-3 MAV020AR3 JUN 0.00000% 0.00 0.00 0.00 Totals ~~801~~793,~~044~~951,~~031~~122.8023 12,~~980~~049,~~461~~232.5707 45,~~984~~979,~~920~~748.0461

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~347~~343,~~747~~495,~~274~~115.1702 4,~~012~~904,~~425~~958.04 0.00 A-2 0.00 ~~157~~156,~~782~~054,~~450~~861.4700 12,~~893~~023,~~016~~782.7119 0.00 A-IO 0.00 0.00 ~~200~~198,~~261~~487.0178 0.00 M-1 0.00 56,897,000.00 ~~154~~160,~~747~~702.9941 0.00 M-2 0.00 61,112,000.00 ~~206~~214,~~953~~706.2482 0.00 B-1 0.00 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 B-2 0.00 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 HL 0.00 0.00 0.00 0.00 C 0.00 5250,~~402~~009,~~397~~655.5905 010,115.0026 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~793~~785,~~951~~578,~~122~~631.2307 68,~~965~~028,~~381~~980.6168 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 ~~351~~347,~~126~~747,~~574~~274.1117 0.00 34,~~379~~252,~~299~~159.9414 0.00 0.00 A-2 175,000,000.00 ~~159~~157,~~388~~782,~~070~~450.5747 0.00 1,~~605~~727,~~620~~589.1047 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 5452,~~510~~402,~~387~~397.1259 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 ~~801~~793,~~044~~951,~~031~~122.8023 0.00 45,~~984~~979,~~920~~748.0461 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 34,~~379~~252,~~299~~159.9414 ~~347~~343,~~747~~495,~~274~~115.1702 0.~~91193503~~90078414 34,~~379~~252,~~299~~159.9414 A-2 1,~~605~~727,~~620~~589.1047 ~~157~~156,~~782~~054,~~450~~861.4700 0.~~90161400~~89174206 1,~~605~~727,~~620~~589.1047 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 5250,~~402~~009,~~397~~655.5905 10.~~03614739~~98883593 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 45,~~984~~979,~~920~~748.0461 ~~793~~785,~~951~~578,~~122~~631.2307 0.~~94190313~~93197043 45,~~984~~979,~~920~~748.0461

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 ~~920~~911.~~79693417~~93503292 0.00000000 811.~~86190125~~15089369 0.00000000 A-2 175,000,000.00 ~~910~~901.~~78897469~~61400269 0.00000000 9.~~17497200~~87193983 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 ~~1077~~1036.~~82845363~~14738668 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 811.~~86190125~~15089369 ~~911~~900.~~93503292~~78413921 0.~~91193503~~90078414 811.~~86190125~~15089369 A-2 0.00000000 9.~~17497200~~87193983 ~~901~~891.~~61400269~~74206286 0.~~90161400~~89174206 9.~~17497200~~87193983 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 ~~1,036~~988.~~14738668~~83592682 10.~~03614739~~98883593 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.~~16375~~18000% ~~351~~347,~~126~~747,~~574~~274.1117 ~~633~~652,~~125~~798.1091 0.00 0.00 A-2 175,000,000.00 2.~~16375~~18000% ~~159~~157,~~388~~782,~~070~~450.5747 ~~287~~296,~~396~~192.6172 0.00 0.00 A-IO 0.00 0.30000% ~~800~~793,~~974~~951,~~031~~122.8023 ~~200~~198,~~261~~487.0178 0.00 0.00 M-1 56,897,000.00 3.~~26375~~28000% 56,897,000.00 ~~154~~160,~~747~~702.9942 0.00 0.00 M-2 61,112,000.00 4.~~06375~~08000% 61,112,000.00 ~~206~~214,~~953~~706.2483 0.00 0.00 B-1 59,005,000.00 5.~~06375~~08000% 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 0.00 B-2 59,005,000.00 5.~~06375~~08000% 59,005,000.00 ~~248~~258,~~988~~114.8109 0.00 0.00 HL 0.00 0.00000% 0.00 0.00 0.00 0.00 C 50,574,269.90 0.00000% 5452,~~510~~402,~~387~~397.1259 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 12,~~980~~039,~~461~~116.5784 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.0001 0.00 ~~633~~652,~~125~~798.1090 0.00 ~~347~~343,~~747~~495,~~274~~115.1702 A-2 0.00 0.00 ~~287~~296,~~396~~192.6172 0.00 ~~157~~156,~~782~~054,~~450~~861.4700 A-IO 0.00 0.00 ~~200~~198,~~261~~487.0178 0.00 ~~793~~785,~~951~~578,~~122~~631.2307 M-1 0.00 0.00 ~~154~~160,~~747~~702.9941 0.00 56,897,000.00 M-2 0.00 0.00 ~~206~~214,~~953~~706.2482 0.00 61,112,000.00 B-1 0.00 0.00 ~~248~~258,~~988~~114.8109 0.00 59,005,000.00 B-2 0.00 0.00 ~~248~~258,~~988~~114.8109 0.00 59,005,000.00 HL 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 010,115.0026 0.00 5250,~~402~~009,~~397~~655.5905 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.0001 0.00 12,~~980~~049,~~461~~232.5707 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.~~16375~~18000% ~~920~~911.~~79693417~~93503292 1.~~66031196~~71190471 0.00000000 0.00000000 A-2 175,000,000.00 2.~~16375~~18000% ~~910~~901.~~78897469~~61400269 1.~~64226634~~69252983 0.00000000 0.00000000 A-IO 0.00 0.30000% ~~950~~941.~~23474917~~90312735 0.~~23757945~~23547578 0.00000000 0.00000000 M-1 56,897,000.00 3.~~26375~~28000% 1000.00000000 2.~~71979173~~82444452 0.00000000 0.00000000 M-2 61,112,000.00 4.~~06375~~08000% 1000.00000000 3.~~38645831~~51333339 0.00000000 0.00000000 B-1 59,005,000.00 5.~~06375~~08000% 1000.00000000 4.~~21979171~~37444437 0.00000000 0.00000000 B-2 59,005,000.00 5.~~06375~~08000% 1000.00000000 4.~~21979171~~37444437 0.00000000 0.00000000 HL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 0.00000% ~~1077~~1036.~~82845363~~14738668 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~~00000003 0.00000000 1.~~66031196~~71190468 0.00000000 ~~911~~900.~~93503292~~78413921 A-2 0.00000000 0.00000000 1.~~64226634~~69252983 0.00000000 ~~901~~891.~~61400269~~74206286 A-IO 0.00000000 0.00000000 0.~~23757945~~23547578 0.00000000 ~~941~~931.~~90312735~~97043076 M-1 0.00000000 0.00000000 2.~~71979173~~82444435 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~38645831~~51333322 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.~~21979171~~37444437 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~21979171~~37444437 0.00000000 1000.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 0.~~00000000~~20000803 0.00000000 ~~1036~~988.~~14738668~~83592682 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 1214,~~986~~501,~~536~~571.4818 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (2,~~246~~392,~~146~~742.8754) Prepayment Penalties 0.00 Total Deposits 1012,~~740~~108,~~389~~828.6164 Withdrawals Reimbursement for Servicer Advances 2,~~606~~918,~~898~~690.7172 Payment of Service Fee 1,~~168~~161,~~109~~157.2924 Payment of Interest and Principal 68,~~965~~028,~~381~~980.6168 Total Withdrawals (Pool Distribution Amount) 1012,~~740~~108,~~389~~828.6164 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~667~~661,~~536~~625.6953 Backup Servicing Fee - Wells Fargo 13,~~350~~232.7352 Certificate Insurer Premium - Ambac 9190,~~467~~574.2108 Trustee Fee 3,~~337~~308.6813 Yield Maintenance Agreement Fee - Bear Stearns 392,416.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~168~~161,~~109~~157.2924

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 1,~~297~~184 0 0 0 1,~~297~~184 4844,~~482~~871,~~909~~044.0908 0.00 0.00 0.00 4844,~~482~~871,~~909~~044.0908 60 Days ~~480~~427 0 0 0 ~~480~~427 1815,~~191~~471,~~410~~369.7345 0.00 0.00 0.00 1815,~~191~~471,~~410~~369.7345 90 Days ~~344~~471 0 0 8398 ~~427~~569 1318,~~403~~755,~~458~~874.3303 0.00 0.00 3,~~089~~851,~~010~~486.9311 1622,~~492~~607,~~469~~360.2614 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 2,~~121~~082 0 0 8398 2,~~204~~180 8079,~~077~~098,~~778~~287.1556 0.00 0.00 3,~~089~~851,~~010~~486.9311 8382,~~166~~949,~~789~~773.0867 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 65.~~178544~~695320% 0.000000% 0.000000% 0.000000% 65.~~178544~~695320% 65.~~106536~~711846% 0.000000% 0.000000% 0.000000% 65.~~106536~~711846% 60 Days 2.~~286585~~053971% 0.000000% 0.000000% 0.000000% 2.~~286585~~053971% 21.~~291251~~969423% 0.000000% 0.000000% 0.000000% 21.~~291251~~969423% 90 Days 12.~~638720~~265621% 0.000000% 0.000000% 0.~~395389~~471403% 2.~~034108~~737024% 12.~~688197~~387523% 0.000000% 0.000000% 0.~~389068~~490274% 2.~~077265~~877797% 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 10.~~103849~~014912% 0.000000% 0.000000% 0.~~395389~~471403% 10.~~499238~~486315% 10.~~085983~~068793% 0.000000% 0.000000% 0.~~389068~~490274% 10.~~475052~~559067% ~~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 ~~957~~887 0 0 0 ~~957~~887 3532,~~184~~751,~~969~~453.5316 0.00 0.00 0.00 3532,~~184~~751,~~969~~453.5316 60 Days ~~375~~319 0 0 0 ~~375~~319 1311,~~694~~337,~~642~~470.3552 0.00 0.00 0.00 1311,~~694~~337,~~642~~470.3552 90 Days ~~255~~338 0 0 6280 ~~317~~418 912,~~375~~623,~~820~~182.4590 0.00 0.00 23,~~319~~200,~~198~~900.8572 1115,~~695~~824,~~019~~083.3062 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,~~587~~544 0 0 6280 1,~~649~~624 5856,~~255~~712,~~432~~106.3358 0.00 0.00 23,~~319~~200,~~198~~900.8572 6059,~~574~~913,~~631~~007.1830 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 87.~~137755~~622239% 0.000000% 0.000000% 0.000000% 87.~~137755~~622239% 8.~~740344~~229645% 0.000000% 0.000000% 0.000000% 8.~~740344~~229645% 60 Days 32.~~188776~~741256% 0.000000% 0.000000% 0.000000% 32.~~188776~~741256% 32.~~401904~~848831% 0.000000% 0.000000% 0.000000% 32.~~401904~~848831% 90 Days 2.~~168367~~904529% 0.000000% 0.000000% 0.~~527211~~687462% 23.~~695578~~591991% 23.~~329060~~171899% 0.000000% 0.000000% 0.~~576115~~804309% 23.~~905175~~976208% 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 13.~~494898~~268024% 0.000000% 0.000000% 0.~~527211~~687462% 1413.~~022109~~955487% 14.~~471307~~250376% 0.000000% 0.000000% 0.~~576115~~804309% 15.~~047422~~054684% 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 ~~340~~297 0 0 0 ~~340~~297 1312,~~297~~119,~~939~~590.5692 0.00 0.00 0.00 1312,~~297~~119,~~939~~590.5692 60 Days ~~105~~108 0 0 0 ~~105~~108 4,~~496~~133,~~768~~898.3893 0.00 0.00 0.00 4,~~496~~133,~~768~~898.3893 90 Days 89133 0 0 2118 ~~110~~151 46,~~027~~132,~~637~~691.8813 0.00 0.00 ~~769~~650,~~812~~585.0839 46,~~797~~783,~~449~~276.9652 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 ~~534~~538 0 0 2118 ~~555~~556 2122,~~822~~386,~~345~~180.8298 0.00 0.00 ~~769~~650,~~812~~585.0839 2223,~~592~~036,~~157~~766.9037 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~682842~~245192% 0.000000% 0.000000% 0.000000% 3.~~682842~~245192% 3.~~397593~~126753% 0.000000% 0.000000% 0.000000% 3.~~397593~~126753% 60 Days 1.~~137348~~180070% 0.000000% 0.000000% 0.000000% 1.~~137348~~180070% 1.~~148914~~066511% 0.000000% 0.000000% 0.000000% 1.~~148914~~066511% 90 Days 01.~~964038~~453234% 0.000000% 0.000000% 0.~~227470~~196678% 1.~~191508~~649913% 1.~~029052~~582183% 0.000000% 0.000000% 0.~~196685~~167846% 1.~~225738~~750029% 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 5.~~784229~~878497% 0.000000% 0.000000% 0.~~227470~~196678% 6.~~011698~~075175% 5.~~575559~~775448% 0.000000% 0.000000% 0.~~196685~~167846% 5.~~772245~~943294% 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 0389,748.0015

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.~~750000~~740000% Weighted Average Net Coupon 8.~~750000~~740000% Weighted Average Pass-Through Rate 8.~~723500~~713500% Weighted Average Maturity(Stepdown Calculation ) ~~280~~279 Beginning Scheduled Collateral Loan Count 2120,~~172~~992 Number Of Loans Paid In Full ~~180~~203 Ending Scheduled Collateral Loan Count 20,~~992~~789 Beginning Scheduled Collateral Balance ~~800~~793,~~974~~951,~~031~~122.8023 Ending Scheduled Collateral Balance ~~793~~785,~~951~~578,~~122~~631.2307 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~793~~785,~~951~~578,~~122~~631.2307 Monthly P &I Constant 68,~~698~~784,~~068~~390.5258 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 2,~~246~~392,~~146~~742.8754 Cumulative Realized Loss 913,~~130~~091,~~763~~326.1607 Ending Scheduled Balance for Premium Loans ~~793~~785,~~951~~578,~~122~~631.2307 Scheduled Principal ~~949~~2,~~953~~655,310.3254 Unscheduled Principal 65,~~142~~717,~~956~~180.2562 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 02,918,690.0028 Overcollateralized reduction Amount 0.00 Specified O/C Amount ~~793~~785,~~951~~578,~~122~~631.2307 Overcollateralized Amount 52,~~402~~928,~~397~~345.5934 Overcollateralized Deficiency Amount 02,918,690.0028 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 02,918,690.0028 Excess Cash Amount 2,~~588~~918,~~600~~690.3828

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 0116,785.0024 Cumulative Insurance Payments received from ~~AMBAC~~Ambac 0.00 Adjusted Net WAC Cap Rate 68.~~5720720960%~~4135 Group I Liquidated Loan Count 5746 Group I Liquidated Loan Balances 21,~~274~~263,~~184~~389.5537 Group II Liquidated Loan Count 2362 Group II Liquidated Loan Balances ~~877~~2,~~495~~282,996.0135 Loan Count of Current Period Repossessions 8391 Actual Balance of Current Period Repossessions 3,~~089~~502,~~010~~509.9344 Reimbursement to Greenpoint for Deposit Error to Trust 41,353.71

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 10.250000 9.~~240000~~210000 9.~~750000~~740000 Weighted Average Net Rate 9.250000 8.~~240000~~210000 8.~~750000~~740000 Weighted Average Maturity ~~273~~272 ~~288~~287 ~~280~~279 Beginning Loan Count 11,~~853~~760 9,~~319~~232 2120,~~172~~992 Loans Paid In Full 93123 8780 ~~180~~203 Ending Loan Count 11,~~760~~637 9,~~232~~152 20,~~992~~789 Beginning Scheduled Balance ~~406~~402,~~077~~558,~~623~~188.9265 ~~394~~391,~~966~~392,~~407~~933.8858 ~~801~~793,~~044~~951,~~031~~122.8023 Ending scheduled Balance ~~402~~397,~~558~~969,~~188~~199.6543 ~~391~~387,~~392~~609,~~933~~431.5864 ~~793~~785,~~951~~578,~~122~~631.2307 Record Date 0910/3031/2002 0910/3031/2002 0910/3031/2002 Principal And Interest Constant 34,~~389~~793,~~153~~149.5727 3,~~308~~991,~~914~~241.9531 68,~~698~~784,~~068~~390.5258 Scheduled Principal ~~450~~1,~~373~~537,294.9571 ~~499~~1,~~579~~118,015.3783 ~~949~~2,~~953~~655,310.3254 Unscheduled Principal 3,~~069~~051,~~061~~694.3251 32,~~073~~665,~~894~~486.9311 65,~~142~~717,~~956~~180.2562 Scheduled Interest 23,~~938~~255,~~779~~854.6256 2,~~809~~873,~~335~~225.5848 56,~~748~~129,~~115~~080.2004 Servicing Fees ~~338~~335,~~398~~465.0216 ~~329~~326,~~138~~160.6777 ~~667~~661,~~536~~625.6993 Master Servicing Fees 6,~~767~~709.9631 6,~~582~~523.7721 13,~~350~~232.7352 Trustee Fee 1,~~691~~677.9932 1,~~645~~630.6981 3,~~337~~308.6813 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 2,~~600~~912,~~381~~002.6077 2,~~480~~538,~~196~~910.9169 5,~~080~~450,~~578~~913.5146 Realized Loss Amount 1,~~678~~973,~~030~~105.5492 ~~568~~419,~~116~~636.3362 2,~~246~~392,~~146~~742.8754 Cumulative Realized Loss 610,~~638~~206,~~560~~285.9298 2,~~492~~885,~~202~~040.2409 913,~~130~~091,~~763~~326.1607 Percentage of Cumulative Losses 0.0203 0.01 0.0102 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 9.223500 8.~~213500~~183500 8.~~723500~~713500

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