8-K 1 bst01003.txt FEBRUARY 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): February 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-14 Pooling and Servicing Agreement) (Commission 90-0031963 (State or other File Number) 90-0042365 jurisdiction 90-0031697 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 February 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-3 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 Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the February 25, 2003 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 3/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the February 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 121/31/0203 2/25/03 Distribution Date: ~~1/27/03~~ BST Series: 2001-3 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 07384MDD1 SEN 6.~~60524~~69927% 5,~~992~~429,~~506~~024.9122 3230,~~640~~257.0121 ~~563~~658,~~482~~134.6954 R-I 07384MDE9 RES 6.~~43523~~44091% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.~~51772~~51878% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.~~51772~~51878% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.~~41023~~41591% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.~~91023~~91591% 0.00 0.00 0.00 II-A-3 07384MDK5 SEN 5.95000% 9986,~~215~~967,~~548~~557.2198 ~~486~~430,~~799~~481.4113 1213,~~247~~476,~~990~~289.2239 II-A-4 07384MEH1 SEN 6.~~31915~~33235% 1,000.00 5.2127 0.00 II-X 07384MDL3 SEN 0.~~36915~~38235% 0.00 3027,~~201~~662.7195 0.00 III-A 07384MDM1 SEN 6.~~63154~~61343% 4942,~~512~~074,~~887~~456.3621 ~~270~~231,~~760~~486.9109 76,~~438~~104,~~431~~135.1594 IV-A 07384MDN9 SEN 6.~~89540~~88721% 1916,~~405~~002,~~769~~291.5769 ~~110~~91,~~342~~686.7647 32,~~403~~779,~~477~~390.8954 V-A 07384MDP4 SEN 6.~~67732~~63971% 1713,~~614~~900,~~765~~915.5866 9676,~~991~~784.1428 31,~~713~~703,~~849~~405.9268 VI-A 07384MDQ2 SEN 6.~~55114~~59351% 119,~~416,~~855,387.1143 6154,~~676~~059.0429 1,~~561~~417,~~467~~114.6705 B-1 07384MDR0 SUB 6.~~48450~~49041% 65,~~242~~819,~~648~~082.7089 3331,~~380~~420.9404 ~~423~~416,~~565~~472.8176 B-2 07384MDS8 SUB 6.~~48450~~49041% 3,~~511~~273,~~415~~164.0032 1817,~~776~~673.3839 ~~238~~234,~~250~~260.6993 B-3 07384MDT6 SUB 6.~~48450~~49041% 2,~~340~~182,~~963~~128.3116 1211,~~517~~782.6936 ~~158~~156,~~835~~175.1529 B-4 07384MDV1 SUB 6.~~48450~~49041% 1,~~560~~454,~~662~~770.1872 87,~~345~~855.2301 ~~105~~104,~~891~~118.4519 B-5 07384MDW9 SUB 6.~~48450~~49041% ~~780~~727,~~361~~413.0429 43,~~172~~927.7866 52,~~947~~061.7609 B-6 07384MDX7 SUB 6.~~48450~~49041% 1,~~170~~091,~~601~~175.4373 65,~~259~~891.4978 7978,~~425~~095.7063 Totals ~~218~~188,~~765~~778,~~984~~368.4030 1,~~172~~020,~~869~~972.7093 2927,~~987~~179,~~616~~654.1003

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 54,~~429~~770,~~024~~889.2268 ~~596~~688,~~122~~391.7075 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 II-A-3 0.00 8673,~~967~~491,~~557~~268.9859 1213,~~734~~906,~~789~~770.6352 0.00 II-A-4 0.00 1,000.00 5.2127 0.00 II-X 0.00 0.00 3027,~~201~~662.7195 0.00 III-A 0.00 4235,~~074~~970,~~456~~320.2127 76,~~709~~335,~~192~~622.0603 0.00 IV-A 0.00 1613,~~002~~222,~~291~~901.6914 32,~~513~~871,~~820~~077.6501 0.00 V-A 0.00 1312,~~900~~197,~~915~~509.6698 31,~~810~~780,~~841~~189.0696 0.00 VI-A 0.00 98,~~855~~438,~~387~~273.4339 1,~~623~~471,~~143~~173.7134 0.00 B-1 0.00 5,~~819~~402,~~082~~610.8913 ~~456~~447,~~946~~892.7580 0.00 B-2 0.00 3,~~273~~038,~~164~~903.3239 ~~257~~251,~~027~~934.0732 0.00 B-3 0.00 2,~~182~~025,~~128~~952.1688 ~~171~~167,~~352~~957.8465 0.00 B-4 0.00 1,~~454~~350,~~770~~652.7253 ~~114~~111,~~236~~973.6820 0.00 B-5 0.00 ~~727~~675,~~413~~352.2919 5755,~~120~~988.5475 0.00 B-6 0.00 1,~~091~~013,~~175~~080.7310 8583,~~685~~987.1941 0.00 Totals 0.00 ~~188~~161,~~778~~598,~~368~~714.3027 3128,~~160~~200,~~485~~626.8096 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 88,092,600.00 5,~~992~~429,~~506~~024.9122 5,~~825~~310.3038 ~~557~~652,~~657~~824.3916 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 0.00 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 0.00 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 9986,~~215~~967,~~548~~557.2198 ~~101~~87,~~384~~964.2638 1213,~~146~~388,~~605~~325.9601 0.00 0.00 II-A-4 1,000.00 1,000.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 209,616,500.00 4942,~~512~~074,~~887~~456.3621 4237,~~743~~612.3005 76,~~395~~066,~~687~~523.8590 0.00 0.00 IV-A 79,734,300.00 1916,~~405~~002,~~769~~291.5769 1512,~~883~~455.4252 32,~~387~~766,~~594~~935.4702 0.00 0.00 V-A 145,181,800.00 1713,~~614~~900,~~765~~915.5866 1612,~~169~~886.5976 31,~~697~~690,~~680~~518.3292 0.00 0.00 VI-A 87,535,000.00 119,~~416,~~855,387.1143 86,~~260~~368.1222 1,~~553~~410,~~207~~745.5682 0.00 0.00 B-1 10,419,600.00 65,~~242~~819,~~648~~082.7089 5,~~914~~481.5214 ~~417~~410,~~651~~991.2962 0.00 0.00 B-2 5,860,900.00 3,~~511~~273,~~415~~164.0032 3,~~326~~083.8508 ~~234~~231,~~923~~177.8485 0.00 0.00 B-3 3,907,300.00 2,~~340~~182,~~963~~128.3116 2,~~217~~055.9240 ~~156~~154,~~617~~119.2388 0.00 0.00 B-4 2,604,900.00 1,~~560~~454,~~662~~770.1872 1,~~478~~370.6329 ~~104~~102,~~412~~747.8290 0.00 0.00 B-5 1,302,500.00 ~~780~~727,~~361~~413.0429 ~~739~~685.3417 5251,~~208~~375.4292 0.00 0.00 B-6 1,953,851.00 1,~~170~~091,~~601~~175.4373 1,~~109~~027.0781 7877,~~316~~067.6383 0.00 0.00 Totals 1,302,438,001.000 ~~218~~188,~~765~~778,~~984~~368.4030 ~~205~~176,~~052~~300.3220 2927,~~782~~003,~~563~~353.7883 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 ~~563~~658,~~482~~134.6954 54,~~429~~770,~~024~~889.2268 0.~~06162861~~05415767 ~~563~~658,~~482~~134.6954 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 0.00 0.00 0.00000000 0.00 II-A-3 1213,~~247~~476,~~990~~289.2239 8673,~~967~~491,~~557~~268.9859 0.~~59279922~~50094044 1213,~~247~~476,~~990~~289.2239 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 76,~~438~~104,~~431~~135.1594 4235,~~074~~970,~~456~~320.2127 0.~~20072111~~17160061 76,~~438~~104,~~431~~135.1594 IV-A 32,~~403~~779,~~477~~390.8954 1613,~~002~~222,~~291~~901.6914 0.~~20069521~~16583705 32,~~403~~779,~~477~~390.8954 V-A 31,~~713~~703,~~849~~405.9268 1312,~~900~~197,~~915~~509.6698 0.~~09574834~~08401542 31,~~713~~703,~~849~~405.9268 VI-A 1,~~561~~417,~~467~~114.6705 98,~~855~~438,~~387~~273.4339 0.~~11258796~~09639885 1,~~561~~417,~~467~~114.6705 B-1 ~~423~~416,~~565~~472.8176 5,~~819~~402,~~082~~610.8913 0.~~55847469~~51850456 ~~423~~416,~~565~~472.8176 B-2 ~~238~~234,~~250~~260.6993 3,~~273~~038,~~164~~903.3239 0.~~55847469~~51850456 ~~238~~234,~~250~~260.6993 B-3 ~~158~~156,~~835~~175.1529 2,~~182~~025,~~128~~952.1688 0.~~55847469~~51850456 ~~158~~156,~~835~~175.1529 B-4 ~~105~~104,~~891~~118.4519 1,~~454~~350,~~770~~652.7253 0.~~55847469~~51850456 ~~105~~104,~~891~~118.4519 B-5 52,~~947~~061.7609 ~~727~~675,~~413~~352.2919 0.~~55847469~~51850456 52,~~947~~061.7609 B-6 7978,~~425~~095.7063 1,~~091~~013,~~175~~080.7310 0.~~55847438~~51850428 7978,~~425~~095.7063 Totals 2927,~~987~~179,~~616~~654.1003 ~~188~~161,~~778~~598,~~368~~714.3027 0.~~14494231~~12407402 2927,~~987~~179,~~616~~654.1003

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 88,092,600.00 6861.~~02508849~~62860694 0.~~06612701~~06028179 67.~~33035454~~41065833 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 ~~676~~592.~~28551279~~79921953 0.~~69106816~~59959388 8291.~~79522503~~25918677 0.00000000 II-A-4 1,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 209,616,500.00 ~~236~~200.~~20701309~~72110836 0.~~20391191~~17943268 3528.~~28199283~~94106094 0.00000000 IV-A 79,734,300.00 ~~243~~200.~~38044693~~69520507 0.~~19920436~~15621282 4234.~~48603763~~70194157 0.00000000 V-A 145,181,800.00 ~~121~~95.~~32902044~~74833526 0.~~11137477~~08876292 2511.~~46931034~~64415182 0.00000000 VI-A 87,535,000.00 ~~130~~112.~~42617364~~58796401 0.~~09436363~~07275056 1716.~~74384600~~11636283 0.00000000 B-1 10,419,600.00 ~~599~~558.~~12556144~~47469097 0.~~56763407~~52604131 4039.~~08323640~~44408806 0.00000000 B-2 5,860,900.00 ~~599~~558.~~12556092~~47469160 0.~~56763466~~52604208 4039.~~08323636~~44408709 0.00000000 B-3 3,907,300.00 ~~599~~558.~~12556241~~47469096 0.~~56763494~~52604100 4039.~~08323651~~44408671 0.00000000 B-4 2,604,900.00 ~~599~~558.~~12556336~~47469001 0.~~56763407~~52604323 4039.~~08323544~~44408615 0.00000000 B-5 1,302,500.00 ~~599~~558.~~12555854~~47469482 0.~~56763148~~52604223 4039.~~08323992~~44408445 0.00000000 B-6 1,953,851.00 ~~599~~558.~~12523012~~47438213 0.~~56763284~~52604318 4039.~~08321515~~44406713 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 67.~~39648154~~47094012 6154.~~62860694~~15766682 0.~~06162861~~05415767 67.~~39648154~~47094012 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 8391.~~48629319~~85878065 ~~592~~500.~~79921953~~94043888 0.~~59279922~~50094044 8391.~~48629319~~85878065 II-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 3529.~~48590474~~12049357 ~~200~~171.~~72110836~~60061479 0.~~20072111~~17160061 3529.~~48590474~~12049357 IV-A 0.00000000 4234.~~68524198~~85815440 ~~200~~165.~~69520507~~83705055 0.~~20069521~~16583705 4234.~~68524198~~85815440 V-A 0.00000000 2511.~~58068518~~73291473 9584.~~74833526~~01542053 0.~~09574834~~08401542 2511.~~58068518~~73291473 VI-A 0.00000000 1716.~~83820952~~18911350 ~~112~~96.~~58796401~~39885063 0.~~11258796~~09639885 1716.~~83820952~~18911350 B-1 0.00000000 4039.~~65087047~~97012937 ~~558~~518.~~47469097~~50456160 0.~~55847469~~51850456 4039.~~65087047~~97012937 B-2 0.00000000 4039.~~65087103~~97012916 ~~558~~518.~~47469160~~50456244 0.~~55847469~~51850456 4039.~~65087103~~97012916 B-3 0.00000000 4039.~~65087145~~97013027 ~~558~~518.~~47469096~~50456325 0.~~55847469~~51850456 4039.~~65087145~~97013027 B-4 0.00000000 4039.~~65086952~~97012937 ~~558~~518.~~47469001~~50456064 0.~~55847469~~51850456 4039.~~65086952~~97012937 B-5 0.00000000 4039.~~65087140~~97012668 ~~558~~518.~~47469482~~50456046 0.~~55847469~~51850456 4039.~~65087140~~97012668 B-6 0.00000000 4039.~~65084799~~97010519 ~~558~~518.~~47438213~~50427694 0.~~55847438~~51850428 4039.~~65084799~~97010519 (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 88,092,600.00 6.~~60524~~69927% 5,~~992~~429,~~506~~024.9122 3230,~~984~~308.9473 0.00 0.00 R-I 50.00 6.~~43523~~44091% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~51772~~51878% 0.00 0.00 0.00 0.00 R-III 50.00 6.~~51772~~51878% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.~~41023~~41591% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.~~91023~~91591% 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 5.95000% 9986,~~215~~967,~~548~~557.2198 ~~491~~431,~~943~~214.7614 0.00 0.00 II-A-4 1,000.00 6.~~31915~~33235% 1,000.00 5.2728 0.00 0.00 II-X 0.00 0.~~36915~~38235% 9986,~~215~~967,~~548~~557.2198 3027,~~520~~710.8706 0.00 0.00 III-A 209,616,500.00 6.~~63154~~61343% 4942,~~512~~074,~~887~~456.3621 ~~273~~231,~~622~~880.2326 0.00 0.00 IV-A 79,734,300.00 6.~~89540~~88721% 1916,~~405~~002,~~769~~291.5769 ~~111~~91,~~508~~842.8359 0.00 0.00 V-A 145,181,800.00 6.~~67732~~63971% 1713,~~614~~900,~~765~~915.5866 9876,~~016~~915.1102 0.00 0.00 VI-A 87,535,000.00 6.~~55114~~59351% 119,~~416,~~855,387.1143 6254,~~327~~151.8134 0.00 0.00 B-1 10,419,600.00 6.~~48450~~49041% 65,~~242~~819,~~648~~082.7089 3331,~~733~~473.7054 0.00 0.00 B-2 5,860,900.00 6.~~48450~~49041% 3,~~511~~273,~~415~~164.0032 1817,~~974~~703.8049 0.00 0.00 B-3 3,907,300.00 6.~~48450~~49041% 2,~~340~~182,~~963~~128.3116 1211,~~649~~802.9743 0.00 0.00 B-4 2,604,900.00 6.~~48450~~49041% 1,~~560~~454,~~662~~770.1872 87,~~433~~868.4238 0.00 0.00 B-5 1,302,500.00 6.~~48450~~49041% ~~780~~727,~~361~~413.0429 43,~~216~~934.8734 0.00 0.00 B-6 1,953,851.00 6.~~48450~~49041% 1,~~170~~091,~~601~~175.4373 65,~~325~~901.6382 0.00 0.00 Totals 1,302,438,001.000 1,~~185~~022,~~264~~711.2142 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 ~~344~~51.9352 0.00 3230,~~640~~257.0121 0.00 54,~~429~~770,~~024~~889.2268 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 0.00 II-A-3 ~~5,144~~733.3502 0.00 ~~486~~430,~~799~~481.4113 0.00 8673,~~967~~491,~~557~~268.9859 II-A-4 0.0601 0.00 5.2127 0.00 1,000.00 II-X ~~319~~47.1610 0.00 3027,~~201~~662.7195 0.00 8673,~~967~~491,~~557~~268.9859 III-A ~~2,861~~394.3217 0.00 ~~270~~231,~~760~~486.9109 0.00 4235,~~074~~970,~~456~~320.2127 IV-A ~~1,166~~156.0712 0.00 ~~110~~91,~~342~~686.7647 0.00 1613,~~002~~222,~~291~~901.6914 V-A ~~1,024~~130.9775 0.00 9676,~~991~~784.1428 0.00 1312,~~900~~197,~~915~~509.6698 VI-A ~~651~~92.7705 0.00 6154,~~676~~059.0429 0.00 98,~~855~~438,~~387~~273.4339 B-1 ~~352~~53.7650 0.00 3331,~~380~~420.9404 0.00 5,~~819~~402,~~082~~610.8913 B-2 ~~198~~30.4209 0.00 1817,~~776~~673.3839 0.00 3,~~273~~038,~~164~~903.3239 B-3 ~~132~~20.2806 0.00 1211,~~517~~782.6936 0.00 2,~~182~~025,~~128~~952.1688 B-4 8813.1938 0.00 87,~~345~~855.2301 0.00 1,~~454~~350,~~770~~652.7253 B-5 446.1069 0.00 43,~~172~~927.7866 0.00 ~~727~~675,~~413~~352.2919 B-6 6610.1503 0.00 65,~~259~~891.4978 0.00 1,~~091~~013,~~175~~080.7310 Totals 121,~~394~~738.5349 0.00 1,~~172~~020,~~869~~972.7093 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 88,092,600.00 6.~~60524~~69927% 6861.~~02508849~~62860694 0.~~37443486~~34405535 0.00000000 0.00000000 R-I 50.00 6.~~43523~~44091% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~51772~~51878% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.~~51772~~51878% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.~~41023~~41591% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.~~91023~~91591% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% ~~676~~592.~~28551279~~79921953 32.~~35324900~~93929612 0.00000000 0.00000000 II-A-4 1,000.00 6.~~31915~~33235% 1000.00000000 5.~~27000000~~28000000 0.00000000 0.00000000 II-X 0.00 0.~~36915~~38235% ~~148~~130.~~92140195~~53730884 0.~~04581148~~04159248 0.00000000 0.00000000 III-A 209,616,500.00 6.~~63154~~61343% ~~236~~200.~~20701309~~72110836 1.~~30534681~~10621187 0.00000000 0.00000000 IV-A 79,734,300.00 6.~~89540~~88721% ~~243~~200.~~38044693~~69520507 1.~~39850516~~15185798 0.00000000 0.00000000 V-A 145,181,800.00 6.~~67732~~63971% ~~121~~95.~~32902044~~74833526 0.~~67512670~~52978417 0.00000000 0.00000000 VI-A 87,535,000.00 6.~~55114~~59351% ~~130~~112.~~42617364~~58796401 0.~~71203302~~61862501 0.00000000 0.00000000 B-1 10,419,600.00 6.~~48450~~49041% ~~599~~558.~~12556144~~47469097 3.~~23752351~~02060924 0.00000000 0.00000000 B-2 5,860,900.00 6.~~48450~~49041% ~~599~~558.~~12556092~~47469160 3.~~23752325~~02060946 0.00000000 0.00000000 B-3 3,907,300.00 6.~~48450~~49041% ~~599~~558.~~12556241~~47469096 3.~~23752207~~02061014 0.00000000 0.00000000 B-4 2,604,900.00 6.~~48450~~49041% ~~599~~558.~~12556336~~47469001 3.~~23752159~~02060732 0.00000000 0.00000000 B-5 1,302,500.00 6.~~48450~~49041% ~~599~~558.~~12555854~~47469482 3.~~23752015~~02060653 0.00000000 0.00000000 B-6 1,953,851.00 6.~~48450~~49041% ~~599~~558.~~12523012~~47438213 3.~~23751914~~02060904 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 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 I-A 0.~~00391554~~00058484 0.00000000 0.~~37051932~~34347051 0.00000000 6154.~~62860694~~15766682 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.~~03506557~~00499650 0.00000000 32.~~31818344~~93429968 0.00000000 ~~592~~500.~~79921953~~94043888 II-A-4 0.~~06000000~~01000000 0.00000000 5.~~21000000~~27000000 0.00000000 1000.00000000 II-X 0.~~00047906~~00007070 0.00000000 0.~~04533242~~04152177 0.00000000 ~~130~~110.~~53730884~~30955276 III-A 0.~~01365026~~00188043 0.00000000 1.~~29169655~~10433143 0.00000000 ~~200~~171.~~72110836~~60061479 IV-A 0.~~01462445~~00195800 0.00000000 1.~~38388071~~14989998 0.00000000 ~~200~~165.~~69520507~~83705055 V-A 0.~~00705991~~00090059 0.00000000 0.~~66806680~~52888365 0.00000000 9584.~~74833526~~01542053 VI-A 0.~~00744582~~00105158 0.00000000 0.~~70458719~~61757343 0.00000000 ~~112~~96.~~58796401~~39885063 B-1 0.~~03385543~~00513455 0.00000000 3.~~20366809~~01547468 0.00000000 ~~558~~518.~~47469097~~50456160 B-2 0.~~03385487~~00513402 0.00000000 3.~~20366838~~01547373 0.00000000 ~~558~~518.~~47469160~~50456244 B-3 0.~~03385458~~00513398 0.00000000 3.~~20366749~~01547360 0.00000000 ~~558~~518.~~47469096~~50456325 B-4 0.~~03385543~~00513647 0.00000000 3.~~20366617~~01547468 0.00000000 ~~558~~518.~~47469001~~50456064 B-5 0.~~03385797~~00513628 0.00000000 3.~~20366987~~01547793 0.00000000 ~~558~~518.~~47469482~~50456046 B-6 0.~~03385622~~00513345 0.00000000 3.~~20366804~~01547047 0.00000000 ~~558~~518.~~47438213~~50427694 (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 3128,~~231~~265,~~698~~629.6531 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3123,~~603~~707.8622 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3128,~~263~~289,~~302~~336.5153 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~102~~88,~~816~~709.7157 Payment of Interest and Principal 3128,~~160~~200,~~485~~626.8096 Total Withdrawals (Pool Distribution Amount) 3128,~~263~~289,~~302~~336.5153 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 121,~~394~~738.5448 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 121,~~394~~738.5349

SERVICING FEES Gross Servicing Fee 7968,~~264~~489.9420 Supplemental PMI Insurance Fee 2320,~~551~~220.7737 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~102~~88,~~816~~709.7157

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 63 0 0 0 63 2867,~~178,083~~302.7141 0.00 0.00 0.00 2867,~~178,083~~302.7141 60 Days 21 0 0 0 21 ~~730~~283,~~125~~142.4222 0.00 0.00 0.00 ~~730~~283,~~125~~142.4222 90 Days 02 0 0 0 02 0730,125.0042 0.00 0.00 0.00 0730,125.0042 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 1 1 10 2 54 290,612.49 316,772.82 ~~312,267~~0.3400 991,319.41 1,~~910~~598,~~972~~704.0672 Totals 97 1 10 2 1310 32,~~198~~171,~~821~~182.6254 316,772.82 ~~312,267~~0.3400 991,319.41 43,~~819~~479,~~181~~274.1977 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 10.~~342282~~777202% 0.000000% 0.000000% 0.000000% 10.~~342282~~777202% 10.~~152743~~536208% 0.000000% 0.000000% 0.000000% 10.~~152743~~536208% 60 Days 0.~~447427~~259067% 0.000000% 0.000000% 0.000000% 0.~~447427~~259067% 0.~~386416~~175052% 0.000000% 0.000000% 0.000000% 0.~~386416~~175052% 90 Days 0.~~000000~~518135% 0.000000% 0.000000% 0.000000% 0.~~000000~~518135% 0.~~000000~~451399% 0.000000% 0.000000% 0.000000% 0.~~000000~~451399% 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.~~223714~~259067% 0.~~223714~~259067% 0.~~223714~~000000% 0.~~447427~~518135% 1.~~118568~~036269% 0.~~153806~~179671% 0.~~167651~~195844% 0.~~165266~~000000% 0.~~524652~~612881% 10.~~011375~~988396% Totals 21.~~013423~~813472% 0.~~223714~~259067% 0.~~223714~~000000% 0.~~447427~~518135% 2.~~908277~~590674% 1.~~692965~~342329% 0.~~167651~~195844% 0.~~165266~~000000% 0.~~524652~~612881% 2.~~550535~~151054%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 2 0 0 0 2 ~~720~~610,~~228~~437.2890 0.00 0.00 0.00 ~~720~~610,~~228~~437.2890 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 1 10 2 54 290,612.49 316,772.82 ~~312,267~~0.3400 991,319.41 1,~~910~~598,~~972~~704.0672 Totals 3 1 10 2 76 1901,~~010,840~~050.7739 316,772.82 ~~312,267~~0.3400 991,319.41 2,~~631~~209,~~200~~142.3462 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~913242~~058201% 0.000000% 0.000000% 0.000000% 01.~~913242~~058201% 0.~~759989~~756419% 0.000000% 0.000000% 0.000000% 0.~~759989~~756419% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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.~~456621~~529101% 0.~~456621~~529101% 0.~~456621~~000000% 01.~~913242~~058201% 2.~~283105~~116402% 0.~~306656~~360110% 0.~~334260~~392526% 0.~~329506~~000000% 1.~~046045~~228385% 21.~~016467~~981022% Totals 1.~~369863~~587302% 0.~~456621~~529101% 0.~~456621~~000000% 01.~~913242~~058201% 3.~~196347~~174603% 1.~~066644~~116529% 0.~~334260~~392526% 0.~~329506~~000000% 1.~~046045~~228385% 2.~~776456~~737441% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 10 0 0 0 10 ~~283,142~~0.2200 0.00 0.00 0.00 ~~283,142~~0.2200 60 Days 1 0 0 0 1 ~~332~~283,~~300~~142.8922 0.00 0.00 0.00 ~~332~~283,~~300~~142.8922 90 Days 01 0 0 0 01 0332,300.0089 0.00 0.00 0.00 0332,300.0089 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 0 0 0 2 615,443.11 0.00 0.00 0.00 615,443.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~840336~~000000% 0.000000% 0.000000% 0.000000% 0.~~840336~~000000% 0.~~634020~~000000% 0.000000% 0.000000% 0.000000% 0.~~634020~~000000% 60 Days 0.~~840336~~990099% 0.000000% 0.000000% 0.000000% 0.~~840336~~990099% 0.~~744097~~737874% 0.000000% 0.000000% 0.000000% 0.~~744097~~737874% 90 Days 0.~~000000~~990099% 0.000000% 0.000000% 0.000000% 0.~~000000~~990099% 0.~~000000~~865982% 0.000000% 0.000000% 0.000000% 0.~~000000~~865982% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~680672~~980198% 0.000000% 0.000000% 0.000000% 1.~~680672~~980198% 1.~~378117~~603856% 0.000000% 0.000000% 0.000000% 1.~~378117~~603856% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 0 0 0 1 ~~257~~256,~~148~~864.4951 0.00 0.00 0.00 ~~257~~256,~~148~~864.4951 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~257~~256,~~148~~864.4951 0.00 0.00 0.00 ~~257~~256,~~148~~864.4951 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 23.~~777778~~125000% 0.000000% 0.000000% 0.000000% 23.~~777778~~125000% 1.~~511555~~815900% 0.000000% 0.000000% 0.000000% 1.~~511555~~815900% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~777778~~125000% 0.000000% 0.000000% 0.000000% 23.~~777778~~125000% 1.~~511555~~815900% 0.000000% 0.000000% 0.000000% 1.~~511555~~815900% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 10 0 0 0 10 ~~442,611~~0.2700 0.00 0.00 0.00 ~~442,611~~0.2700 60 Days 10 0 0 0 10 ~~397,824~~0.5300 0.00 0.00 0.00 ~~397,824~~0.5300 90 Days 01 0 0 0 01 0397,824.0053 0.00 0.00 0.00 0397,824.0053 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 21 0 0 0 21 ~~840~~397,~~435~~824.8053 0.00 0.00 0.00 ~~840~~397,~~435~~824.8053 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~857143~~000000% 0.000000% 0.000000% 0.000000% 20.~~857143~~000000% 20.~~872354~~000000% 0.000000% 0.000000% 0.000000% 20.~~872354~~000000% 60 Days 20.~~857143~~000000% 0.000000% 0.000000% 0.000000% 20.~~857143~~000000% 20.~~581708~~000000% 0.000000% 0.000000% 0.000000% 20.~~581708~~000000% 90 Days 03.~~000000~~333333% 0.000000% 0.000000% 0.000000% 03.~~000000~~333333% 02.~~000000~~921338% 0.000000% 0.000000% 0.000000% 02.~~000000~~921338% 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 53.~~714286~~333333% 0.000000% 0.000000% 0.000000% 53.~~714286~~333333% 52.~~454062~~921338% 0.000000% 0.000000% 0.000000% 52.~~454062~~921338% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 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 10 0 0 0 10 ~~474,953~~0.4500 0.00 0.00 0.00 ~~474,953~~0.4500 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~474,953~~0.4500 0.00 0.00 0.00 ~~474,953~~0.4500 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 50.000000% 0.000000% 0.000000% 0.000000% 50.000000% 40.~~421050~~000000% 0.000000% 0.000000% 0.000000% 40.~~421050~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 50.000000% 0.000000% 0.000000% 0.000000% 50.000000% 40.~~421050~~000000% 0.000000% 0.000000% 0.000000% 40.~~421050~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3123,~~603~~707.8622

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.000 93.23633064% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 2.~~875872~~952307% 9392.~~066436~~739369% Class R-I 1,214,345,351.000 93.23632680% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 0.000000% 0.000000% Class R-II 1,214,345,301.000 93.23632296% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 0.000000% 0.000000% Class R-III 1,214,345,251.000 93.23631912% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% ~~183~~156,~~349~~827,~~344~~824.0859 97.~~12412800~~04769329% 0.000000% 0.000000% Class 2A3 548,117,651.00 42.08397256% 9683,~~381~~336,~~786~~556.1000 51.~~05552451~~57006129% 4645.~~068603~~477632% 4139.~~449416~~506235% Class 2A4 548,116,651.00 42.08389578% 9683,~~380~~335,~~786~~556.1000 51.~~05499479~~56944247% 0.~~000530~~000619% 0.~~000477~~000538% Class 3A 338,500,151.00 25.98973239% 5447,~~306~~365,~~329~~235.8973 2829.~~76724191~~31040382% 22.~~287753~~259039% 2019.~~053014~~336337% Class B-1 15,629,451.00 1.20001497% 8,~~728~~103,~~652~~941.2209 45.~~62375658~~01485493% 3.~~082495~~343226% 2.~~773420~~904247% Class B-2 9,768,551.00 0.75002042% 5,~~455~~065,~~487~~037.9070 23.~~88989038~~13433044% 1.~~733866~~880524% 1.~~560016~~633604% Class B-3 5,861,251.00 0.45002150% 3,~~273~~039,~~359~~084.7482 1.~~73396972~~88063676% 1.~~155921~~253694% 1.~~040019~~089079% Class B-4 3,256,351.00 0.25001966% 1,~~818~~688,~~589~~432.0229 01.~~96334608~~04483027% 0.~~770624~~835806% 0.~~693355~~726062% Class B-5 1,953,851.00 0.15001490% 1,~~091~~013,~~175~~080.7310 0.~~57801947~~62691099% 0.~~385327~~417919% 0.~~346691~~363045% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~578019~~626911% 0.~~520063~~544595% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~065528~~064926% Weighted Average Net Coupon 6.~~630735~~629563% Weighted Average Pass-Through Rate 6.~~501546~~501029% Weighted Average Maturity(Stepdown Calculation ) ~~337~~336 Beginning Scheduled Collateral Loan Count ~~519~~447 Number Of Loans Paid In Full 7261 Ending Scheduled Collateral Loan Count ~~447~~386 Beginning Scheduled Collateral Balance ~~218~~188,~~765~~778,~~984~~368.3931 Ending Scheduled Collateral Balance ~~188~~161,~~778~~598,~~368~~714.3128 Ending Actual Collateral Balance at 31-~~Dec~~Jan-~~2002~~2003 ~~188~~161,~~947~~747,~~850~~416.1007 Monthly P &I Constant 1,~~493~~287,~~133~~470.2204 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3027,~~029~~082,~~629~~497.3557 Ending Scheduled Balance for Premium Loans ~~188~~161,~~778~~598,~~368~~714.3128 Scheduled Principal ~~205~~176,~~052~~300.3119 Unscheduled Principal 2927,~~782~~003,~~563~~353.7784

Miscellaneous Reporting Senior Percentage Group I 8685.~~132873~~478738% Senior Percentage Group II 9291.~~377109~~868684% Senior Percentage Group III 94.~~725912~~277073% Senior Percentage Group IV 94.~~676775~~131888% Senior Percentage Group V 9190.~~372123~~289325% Senior Percentage Group VI 9291.~~366932~~792904% Senior Prepayment Percentage Group I 9392.~~066436~~739369% Senior Prepayment Percentage Group II 9695.~~188554~~934342% Senior Prepayment Percentage Group III 97.~~362956~~138537% Senior Prepayment Percentage Group IV 97.~~338387~~065944% Senior Prepayment Percentage Group V 95.~~686062~~144662% Senior Prepayment Percentage Group VI 9695.~~183466~~896452% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 1314.~~867127~~521262% Subordinate Percentage Group II 78.~~622891~~131316% Subordinate Percentage Group III 5.~~274088~~722927% Subordinate Percentage Group IV 5.~~323225~~868112% Subordinate Percentage Group V 89.~~627877~~710675% Subordinate Percentage Group VI 78.~~633068~~207096% Subordinate Prep. Percentage Group I 67.~~933564~~260631% Subordinate Prep. Percentage Group II 34.~~811446~~065658% Subordinate Prep. Percentage Group III 2.~~637044~~861463% Subordinate Prep. Percentage Group IV 2.~~661613~~934056% Subordinate Prep. Percentage Group V 4.~~313938~~855338% Subordinate Prep. Percentage Group VI 34.~~816534~~103548%

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~113662~~206129 6.~~982599~~990569 7.~~059545~~044149 Weighted Average Net Rate 6.~~748030~~841380 6.~~442156~~453947 6.~~759547~~744454 Weighted Average Maturity ~~337~~336 ~~137~~136 ~~337~~336 Beginning Loan Count 1918 ~~251~~219 ~~138~~119 Loans Paid In Full 12 3230 1918 Ending Loan Count 1816 ~~219~~189 ~~119~~101 Beginning Scheduled Balance 6,~~957~~351,~~282~~315.0737 ~~107~~94,~~403~~666,~~825~~162.0668 5244,~~269~~628,~~634~~513.1131 Ending scheduled Balance 65,~~351~~641,~~315~~168.3763 9480,~~666~~614,~~162~~695.6884 4438,~~628~~343,~~513~~389.3126 Record Date 1201/31/~~2002~~2003 1201/31/~~2002~~2003 1201/31/~~2002~~2003 Principal And Interest Constant 4844,~~006~~101.2872 ~~734~~647,~~715~~225.2940 ~~352~~301,~~622~~870.9815 Scheduled Principal 6,~~763~~212.1551 ~~109~~95,750.4213 4539,~~123~~895.1322 Unscheduled Principal ~~599~~703,~~203~~934.5523 1213,~~627~~955,~~911~~716.9671 76,~~595~~245,~~997~~228.6783 Scheduled Interest 4138,~~243~~140.1333 ~~624~~551,~~964~~475.8727 ~~307~~261,~~499~~974.8593 Servicing Fees 21,~~119~~930.8453 4842,~~371~~333.4127 1311,~~067~~145.3281 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 ~~827~~752.8817 119,~~009~~592.7459 54,~~575~~872.7397 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 3835,~~295~~457.4163 ~~565~~499,~~583~~549.7241 ~~288~~245,~~856~~956.8015 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~605237~~699267 6.~~319146~~332350 6.~~631540~~613426

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~378163~~377031 7.~~187598~~146298 7.~~075507~~112514 Weighted Average Net Rate 7.~~037464~~030216 6.~~812598~~771298 6.~~700507~~737514 Weighted Average Maturity ~~327~~326 ~~338~~337 ~~338~~337 Beginning Loan Count 4536 4135 2520 Loans Paid In Full 94 6 5 2 Ending Loan Count 3632 3530 2018 Beginning Scheduled Balance 2016,~~496~~999,~~863~~862.7875 1915,~~278~~395,~~052~~968.1410 1210,~~360~~736,~~327~~546.2310 Ending scheduled Balance 1614,~~999~~136,~~862~~058.7534 1513,~~395~~604,~~968~~907.1039 109,~~736~~258,~~546~~494.1082 Record Date 1201/31/~~2002~~2003 1201/31/~~2002~~2003 1201/31/~~2002~~2003 Principal And Interest Constant ~~142~~117,~~800~~739.8009 ~~133~~105,~~165~~959.5055 8170,~~822~~574.3713 Scheduled Principal 1613,~~776~~231.4799 1714,~~696~~272.4274 86,~~942~~937.7260 Unscheduled Principal 32,~~480~~850,~~224~~572.5642 31,~~864~~776,~~387~~787.6297 1,~~614~~471,~~838~~113.4168 Scheduled Interest ~~126~~104,~~024~~507.3310 ~~115~~91,~~469~~686.0881 7263,~~879~~636.6553 Servicing Fees 54,~~819~~913.3818 64,~~024~~811.3924 3,~~862~~355.6017 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 2,~~426~~025.5294 21,~~173~~688.3429 1,~~538~~288.5641 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 ~~117~~97,~~778~~567.4398 ~~107~~85,~~271~~187.3528 6758,~~478~~992.4995 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~895402~~887208 6.~~677315~~639708 6.~~551137~~593512

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~065528~~064926 Weighted Average Net Rate 6.~~630735~~629563 Weighted Average Maturity ~~337~~336.00 Record Date 1201/31/~~2002~~2003 Principal And Interest Constant 1,~~493~~287,~~133~~470.2204 Beginning Loan Count ~~519~~447 Loans Paid In Full 7261 Ending Loan Count ~~447~~386 Beginning Scheduled Balance ~~218~~188,~~765~~778,~~984~~368.3931 Ending Scheduled Balance ~~188~~161,~~778~~598,~~368~~714.3128 Scheduled Principal ~~205~~176,~~052~~300.3119 Unscheduled Principal 2927,~~782~~003,~~563~~353.7784 Scheduled Interest 1,~~288~~111,~~080~~420.9197 Servicing Fee 7968,~~264~~489.9420 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2320,~~551~~220.7737 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~185~~022,~~264~~711.2040 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~501546~~501029

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS-THRO CERT SERIES 2001-3