8-K 1 mav0200a.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 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 December 26, 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 December 26, 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: 1/9/03 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 December 26, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities, INC. ~~Mortgage Pass~~Asset-~~Through~~Backed Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 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 21.~~18000~~73000% ~~347~~343,~~747~~495,~~274~~115.1702 ~~652~~511,~~798~~712.9031 4,~~252~~768,~~159~~398.1457 A-2 55660AAB8 SEN 21.~~18000~~73000% ~~157~~156,~~782~~054,~~450~~861.4700 ~~296~~232,~~192~~478.7239 12,~~727~~152,~~589~~820.4791 A-IO 55660AAC6 SEN 0.30000% 0.00 ~~198~~196,~~487~~394.7866 0.00 M-1 55660AAD4 MEZ 32.~~28000~~83000% 56,897,000.00 ~~160~~138,~~702~~654.4183 0.00 M-2 55660AAE2 MEZ 43.~~08000~~63000% 61,112,000.00 ~~214~~191,~~706~~025.8293 0.00 B-1 55660AAF9 MEZ 54.~~08000~~63000% 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 B-2 BSAAC2BIO MEZ 54.~~08000~~63000% 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 HL MAV020AHL JUN 0.00000% 0.00 0.00 0.00 C MAV0200AC JUN 0.00000% 5250,~~402~~009,~~397~~655.5905 1029,~~115~~850.2611 0.00 R-3 MAV020AR3 JUN 0.00000% 0.00 0.00 0.00 Totals ~~793~~785,~~951~~578,~~122~~631.2307 21,~~049~~770,~~232~~615.0755 56,~~979~~921,~~748~~219.6148

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~343~~338,~~495~~726,~~115~~716.0245 45,~~904~~280,~~958~~110.0488 0.00 A-2 0.00 ~~156~~153,~~054~~902,~~861~~040.0009 2,~~023~~385,~~782~~299.1930 0.00 A-IO 0.00 0.00 ~~198~~196,~~487~~394.7866 0.00 M-1 0.00 56,897,000.00 ~~160~~138,~~702~~654.4183 0.00 M-2 0.00 61,112,000.00 ~~214~~191,~~706~~025.8293 0.00 B-1 0.00 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 B-2 0.00 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 HL 0.00 0.00 0.00 0.00 C 0.00 5048,~~009~~244,~~655~~665.0543 1029,~~115~~850.2611 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~785~~776,~~578~~892,~~631~~421.0797 8,~~028~~691,~~980~~835.6803 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 ~~347~~343,~~747~~495,~~274~~115.1702 0.00 4,~~252~~768,~~159~~398.1457 0.00 0.00 A-2 175,000,000.00 ~~157~~156,~~782~~054,~~450~~861.4700 0.00 12,~~727~~152,~~589~~820.4791 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 5250,~~402~~009,~~397~~655.5905 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 ~~793~~785,~~951~~578,~~122~~631.2307 0.00 56,~~979~~921,~~748~~219.6148 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 4,~~252~~768,~~159~~398.1457 ~~343~~338,~~495~~726,~~115~~716.0245 0.~~90078414~~88827946 4,~~252~~768,~~159~~398.1457 A-2 12,~~727~~152,~~589~~820.4791 ~~156~~153,~~054~~902,~~861~~040.0009 0.~~89174206~~87944023 12,~~727~~152,~~589~~820.4791 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 5048,~~009~~244,~~655~~665.0543 0.~~98883593~~95393696 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 56,~~979~~921,~~748~~219.6148 ~~785~~776,~~578~~892,~~631~~421.0797 0.~~93197043~~92166556 56,~~979~~921,~~748~~219.6148

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 ~~911~~900.~~93503292~~78413921 0.00000000 1112.~~15089369~~50468380 0.00000000 A-2 175,000,000.00 ~~901~~891.~~61400269~~74206286 0.00000000 912.~~87193983~~30183377 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 ~~1036~~988.~~14738668~~83592682 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 1112.~~15089369~~50468380 ~~900~~888.~~78413921~~27945540 0.~~90078414~~88827946 1112.~~15089369~~50468380 A-2 0.00000000 912.~~87193983~~30183377 ~~891~~879.~~74206286~~44022909 0.~~89174206~~87944023 912.~~87193983~~30183377 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 ~~988~~953.~~83592682~~93696291 0.~~98883593~~95393696 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 21.~~18000~~73000% ~~347~~343,~~747~~495,~~274~~115.1702 ~~652~~511,~~798~~712.9131 0.00 0.00 A-2 175,000,000.00 21.~~18000~~73000% ~~157~~156,~~782~~054,~~450~~861.4700 ~~296~~232,~~192~~478.7239 0.00 0.00 A-IO 0.00 0.30000% ~~793~~785,~~951~~578,~~122~~631.2307 ~~198~~196,~~487~~394.7866 0.00 0.00 M-1 56,897,000.00 32.~~28000~~83000% 56,897,000.00 ~~160~~138,~~702~~654.4283 0.00 0.00 M-2 61,112,000.00 43.~~08000~~63000% 61,112,000.00 ~~214~~191,~~706~~025.8393 0.00 0.00 B-1 59,005,000.00 54.~~08000~~63000% 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 0.00 B-2 59,005,000.00 54.~~08000~~63000% 59,005,000.00 ~~258~~235,~~114~~249.0966 0.00 0.00 HL 0.00 0.00000% 0.00 0.00 0.00 0.00 C 50,574,269.90 0.00000% 5250,~~402~~009,~~397~~655.5905 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,~~039~~740,~~116~~765.8444 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.0100 0.00 ~~652~~511,~~798~~712.9031 0.00 ~~343~~338,~~495~~726,~~115~~716.0245 A-2 0.00 0.00 ~~296~~232,~~192~~478.7239 0.00 ~~156~~153,~~054~~902,~~861~~040.0009 A-IO 0.00 0.00 ~~198~~196,~~487~~394.7866 0.00 ~~785~~776,~~578~~892,~~631~~421.0797 M-1 0.00 0.00 ~~160~~138,~~702~~654.4183 0.00 56,897,000.00 M-2 0.00 0.00 ~~214~~191,~~706~~025.8293 0.00 61,112,000.00 B-1 0.00 0.00 ~~258~~235,~~114~~249.0966 0.00 59,005,000.00 B-2 0.00 0.00 ~~258~~235,~~114~~249.0966 0.00 59,005,000.00 HL 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 1029,~~115~~850.2611 0.00 5048,~~009~~244,~~655~~665.0543 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.0100 0.00 21,~~049~~770,~~232~~615.0755 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 21.~~18000~~73000% ~~911~~900.~~93503292~~78413921 1.~~71190471~~34191816 0.00000000 0.00000000 A-2 175,000,000.00 21.~~18000~~73000% ~~901~~891.~~61400269~~74206286 1.~~69252983~~32844794 0.00000000 0.00000000 A-IO 0.00 0.30000% ~~941~~931.~~90312735~~97043076 0.~~23547578~~23299261 0.00000000 0.00000000 M-1 56,897,000.00 32.~~28000~~83000% 1000.00000000 2.~~82444452~~43694448 0.00000000 0.00000000 M-2 61,112,000.00 43.~~08000~~63000% 1000.00000000 3.~~51333339~~12583339 0.00000000 0.00000000 B-1 59,005,000.00 54.~~08000~~63000% 1000.00000000 43.~~37444437~~98694450 0.00000000 0.00000000 B-2 59,005,000.00 54.~~08000~~63000% 1000.00000000 43.~~37444437~~98694450 0.00000000 0.00000000 HL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 0.00000% ~~1036~~988.~~14738668~~83592682 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.~~00000003~~00000000 0.00000000 1.~~71190468~~34191816 0.00000000 ~~900~~888.~~78413921~~27945540 A-2 0.00000000 0.00000000 1.~~69252983~~32844794 0.00000000 ~~891~~879.~~74206286~~44022909 A-IO 0.00000000 0.00000000 0.~~23547578~~23299261 0.00000000 ~~931~~921.~~97043076~~66555520 M-1 0.00000000 0.00000000 2.~~82444435~~43694448 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~51333322~~12583339 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 43.~~37444437~~98694450 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 43.~~37444437~~98694450 0.00000000 1000.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 0.~~20000803~~59022325 0.00000000 ~~988~~953.~~83592682~~93696291 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 14,~~501~~355,~~571~~050.1807 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (2,~~392~~465,~~742~~231.5460) Prepayment Penalties 0.00 Total Deposits 1211,~~108~~889,~~828~~818.6447 Withdrawals Reimbursement for Servicer Advances 2,~~918~~036,~~690~~826.7257 Payment of Service Fee 1,161,~~157~~156.2487 Payment of Interest and Principal 8,~~028~~691,~~980~~835.6803 Total Withdrawals (Pool Distribution Amount) 1211,~~108~~889,~~828~~818.6447 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~661~~654,~~625~~648.5387 Backup Servicing Fee - Wells Fargo 13,~~232~~092.5297 Certificate Insurer Premium - Ambac 9089,~~574~~502.0870 Extraordinary Expense 8,222.13 Trustee Fee 3,~~308~~273.1322 Yield Maintenance Agreement Fee - Bear Stearns 392,416.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,161,~~157~~156.2487

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,~~184~~185 0 0 0 1,~~184~~185 4443,~~871~~403,~~044~~431.0848 0.00 0.00 0.00 4443,~~871~~403,~~044~~431.0848 60 Days ~~427~~385 0 0 0 ~~427~~385 1514,~~471~~118,~~369~~327.4567 0.00 0.00 0.00 1514,~~471~~118,~~369~~327.4567 90 Days ~~471~~544 0 0 9897 ~~569~~641 1821,~~755~~087,~~874~~957.0336 0.00 0.00 3,~~851~~857,~~486~~032.1106 2224,~~607~~944,~~360~~989.1442 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,~~082~~114 0 0 9897 2,~~180~~211 7978,~~098~~609,~~287~~716.5651 0.00 0.00 3,~~851~~857,~~486~~032.1106 82,~~949~~466,~~773~~748.6757 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 5.~~695320~~755221% 0.000000% 0.000000% 0.000000% 5.~~695320~~755221% 5.~~711846~~586801% 0.000000% 0.000000% 0.000000% 5.~~711846~~586801% 60 Days 21.~~053971~~869840% 0.000000% 0.000000% 0.000000% 21.~~053971~~869840% 1.~~969423~~817282% 0.000000% 0.000000% 0.000000% 1.~~969423~~817282% 90 Days 2.~~265621~~642059% 0.000000% 0.000000% 0.~~471403~~471102% 23.~~737024~~113162% 2.~~387523~~714399% 0.000000% 0.000000% 0.~~490274~~496469% 23.~~877797~~210868% 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.~~014912~~267120% 0.000000% 0.000000% 0.~~471403~~471102% 10.~~486315~~738222% 10.~~068793~~118482% 0.000000% 0.000000% 0.~~490274~~496469% 10.~~559067~~614951% 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 ~~887~~891 0 0 0 ~~887~~891 3231,~~751~~673,~~453~~331.1602 0.00 0.00 0.00 3231,~~751~~673,~~453~~331.1602 60 Days ~~319~~293 0 0 0 ~~319~~293 1110,~~337~~385,~~470~~604.5279 0.00 0.00 0.00 1110,~~337~~385,~~470~~604.5279 90 Days ~~338~~377 0 0 8076 ~~418~~453 1213,~~623~~647,~~182~~358.9052 0.00 0.00 3,~~200~~031,~~900~~310.7270 1516,~~824~~678,~~083~~669.6222 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,~~544~~561 0 0 8076 1,~~624~~637 5655,~~712~~706,~~106~~294.5833 0.00 0.00 3,~~200~~031,~~900~~310.7270 5958,~~913~~737,~~007~~605.3003 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 7.~~622239~~728337% 0.000000% 0.000000% 0.000000% 7.~~622239~~728337% 8.~~229645~~048946% 0.000000% 0.000000% 0.000000% 8.~~229645~~048946% 60 Days 2.~~741256~~541417% 0.000000% 0.000000% 0.000000% 2.~~741256~~541417% 2.~~848831~~639229% 0.000000% 0.000000% 0.000000% 2.~~848831~~639229% 90 Days 23.~~904529~~270015% 0.000000% 0.000000% 0.~~687462~~659207% 3.~~591991~~929222% 3.~~171899~~468118% 0.000000% 0.000000% 0.~~804309~~770328% 34.~~976208~~238446% 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.~~268024~~539769% 0.000000% 0.000000% 0.~~687462~~659207% 1314.~~955487~~198976% 14.~~250376~~156293% 0.000000% 0.000000% 0.~~804309~~770328% 1514.~~054684~~926621% 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 ~~297~~294 0 0 0 ~~297~~294 1211,~~119~~730,~~590~~100.9246 0.00 0.00 0.00 1211,~~119~~730,~~590~~100.9246 60 Days ~~108~~92 0 0 0 ~~108~~92 43,~~133~~732,~~898~~722.9388 0.00 0.00 0.00 43,~~133~~732,~~898~~722.9388 90 Days ~~133~~167 0 0 1821 ~~151~~188 67,~~132~~440,~~691~~598.1384 0.00 0.00 ~~650~~825,~~585~~721.3936 68,~~783~~266,~~276~~320.5220 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 ~~538~~553 0 0 1821 ~~556~~574 22,~~386~~903,~~180~~422.9818 0.00 0.00 ~~650~~825,~~585~~721.3936 23,~~036~~729,~~766~~143.3754 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~245192~~244675% 0.000000% 0.000000% 0.000000% 3.~~245192~~244675% 3.~~126753~~059627% 0.000000% 0.000000% 0.000000% 3.~~126753~~059627% 60 Days 1.~~180070~~015340% 0.000000% 0.000000% 0.000000% 1.~~180070~~015340% 10.~~066511~~973627% 0.000000% 0.000000% 0.000000% 10.~~066511~~973627% 90 Days 1.~~453234~~843064% 0.000000% 0.000000% 0.~~196678~~231762% 12.~~649913~~074826% 1.~~582183~~940773% 0.000000% 0.000000% 0.~~167846~~215377% 12.~~750029~~156150% 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 56.~~878497~~103079% 0.000000% 0.000000% 0.~~196678~~231762% 6.~~075175~~334842% 5.~~775448~~974026% 0.000000% 0.000000% 0.~~167846~~215377% 56.~~943294~~189404% ~~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 ~~389~~447,~~748~~132.1524

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.~~740000~~770000% Weighted Average Net Coupon 8.~~740000~~770000% Weighted Average Pass-Through Rate 8.~~713500~~745000% Weighted Average Maturity(Stepdown Calculation ) 279 Beginning Scheduled Collateral Loan Count 20,~~992~~789 Number Of Loans Paid In Full ~~203~~199 Ending Scheduled Collateral Loan Count 20,~~789~~590 Beginning Scheduled Collateral Balance ~~793~~785,~~951~~578,~~122~~631.2307 Ending Scheduled Collateral Balance ~~785~~776,~~578~~892,~~631~~421.0797 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~785~~776,~~578~~892,~~631~~421.0797 Monthly P &I Constant 8,~~784~~323,~~390~~871.5886 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 2,~~392~~465,~~742~~231.5460 Cumulative Realized Loss 1315,~~091~~556,~~326~~557.0767 Ending Scheduled Balance for Premium Loans ~~785~~776,~~578~~892,~~631~~421.0797 Scheduled Principal 2,~~655~~608,~~310~~431.5420 Unscheduled Principal 56,~~717~~077,~~180~~777.6290 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~2,918,690~~0.2800 Overcollateralized reduction Amount 0.00 Specified O/C Amount ~~785~~776,~~578~~892,~~631~~421.0797 Overcollateralized Amount 5248,~~928~~244,~~345~~665.3443 Overcollateralized Deficiency Amount ~~2,918,690~~0.2800 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 2,~~918~~791,~~690~~890.2835 Excess Cash Amount 2,~~918~~791,~~690~~890.2835

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 DoDon't ~~Not~~ Step Down In Effect Since N/A Comments N/A Yield Maintenance Agreement Amount 0.00 Extraordinary Trust Fund Expense ~~116~~8,~~785~~220.2485 Cumulative Insurance Payments received ~~from~~fr ~~Ambac~~ 0.00 Adjusted Net WAC Cap Rate 86.~~4135~~698% Group I Liquidated Loan Count 4672 Group I Liquidated Loan Balances 12,~~263~~725,~~389~~430.3771 Group II Liquidated Loan Count 6218 Group II Liquidated Loan Balances 2606,~~282,996~~538.3583 Loan Count of Current Period ~~Repossessions~~Repossession 9189 Actual Balance of Current Period ~~Repossessions~~Reposses 3,~~502~~337,~~509~~515.4449 ~~Reimbursement~~Group to1 ~~Greenpoint~~Charge ~~for~~Offs ~~Deposit~~in ~~Error~~full toLoan ~~Trust~~Count 413 Group 1 Charge Offs in full Loan Balance 25,~~353~~437.7183 Group 2 Charge Offs in full Loan Count 3 Group 2 Charge Offs in full Loan Balance 51,671.73

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~~240000 9.~~210000~~280000 9.~~740000~~770000 Weighted Average Net Rate 9.~~250000~~240000 8.~~210000~~280000 8.~~740000~~770000 Weighted Average Maturity ~~272~~268 ~~287~~289 279 Beginning Loan Count 11,~~760~~637 9,~~232~~152 20,~~992~~789 Loans Paid In Full ~~123~~108 8091 ~~203~~199 Ending Loan Count 11,~~637~~529 9,~~152~~061 20,~~789~~590 Beginning Scheduled Balance ~~402~~397,~~558~~969,~~188~~199.6543 ~~391~~387,~~392~~609,~~933~~431.5864 ~~793~~785,~~951~~578,~~122~~631.2307 Ending scheduled Balance ~~397~~393,~~969~~509,~~199~~065.4335 ~~387~~383,~~609~~383,~~431~~356.6462 ~~785~~776,~~578~~892,~~631~~421.0797 Record Date 1011/3130/2002 1011/3130/2002 1011/3130/2002 Principal And Interest Constant 4,~~793~~694,~~149~~297.2796 3,~~991~~629,~~241~~573.3190 8,~~784~~323,~~390~~871.5886 Scheduled Principal 1,~~537~~638,~~294~~155.7199 1970,~~118,015~~275.8321 2,~~655~~608,~~310~~431.5420 Unscheduled Principal 32,~~051~~821,~~694~~978.5109 23,~~665~~255,~~486~~799.1181 56,~~717~~077,~~180~~777.6290 Scheduled Interest 32,~~255~~836,~~854~~111.5664 2,~~873~~626,~~225~~147.4879 65,~~129~~462,~~080~~259.0443 Servicing Fees ~~335~~331,~~465~~641.1601 ~~326~~323,~~160~~007.7786 ~~661~~654,~~625~~648.9387 Master Servicing Fees 6,~~709~~632.3183 6,~~523~~460.2114 13,~~232~~092.5297 Trustee Fee 1,~~677~~658.3219 1,~~630~~615.8103 3,~~308~~273.1322 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,~~912~~590,~~002~~819.7775 2,~~538~~363,~~910~~643.6932 54,~~450~~954,~~913~~463.4607 Realized Loss Amount 12,~~973~~071,~~105~~871.9218 ~~419~~393,~~636~~360.6242 2,~~392~~465,~~742~~231.5460 Cumulative Realized Loss 1012,~~206~~278,~~285~~157.9816 23,~~885~~278,~~040~~400.0951 1315,~~091~~556,~~326~~557.0767 Percentage of Cumulative Losses 0.03 0.01 0.02 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 9.~~223500~~215000 8.~~183500~~255000 8.~~713500~~745000

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