8-K 1 bst01005.txt MARCH 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): March 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-02 Pooling and Servicing Agreement) (Commission 90-0031691 (State or other File Number) 90-0031692 jurisdiction IRS EIN of Incorporation) 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 March 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-5 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 2001-5 Trust, relating to the March 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 2001-5 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: 4/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-5 Trust, relating to the March 25, 2003 distribution.

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 122/3128/0203 Distribution Date: 13/2725/03 BST Series: 2001-5 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 07384MEJ7 SEN 6.~~56806~~54744% 86,~~579~~031,~~021~~426.9574 4632,~~956~~848.2786 ~~537~~1,~~750~~612,680.9143 R-I 07384MEK4 RES 6.~~62469~~63016% 0.00 0.00 0.00 R-II 07384MEL2 RES 6.~~62469~~63016% 0.00 0.00 0.00 II-A-1 07384MEM0 SEN 5.~~02732~~01711% 0.00 0.00 0.00 II-A-2 07384MEN8 SEN 5.~~97427~~96711% ~~16,613,975~~0.9400 ~~82,713~~0.6900 ~~9,867,316~~0.7200 II-A-3 07384MEP3 SEN 6.22000% 46,~~590~~197,~~200~~483.0012 ~~241~~238,~~492~~998.5479 05,752,820.0061 II-X 07384MEQ1 SEN 0.~~33087~~26194% 0.00 1710,~~426~~084.7205 0.00 III-A 07384MER9 SEN 6.~~07530~~02700% 5644,~~975~~400,~~919~~527.8831 ~~288~~222,~~455~~561.0545 64,~~208~~877,~~005~~988.9341 III-X 07384MEW8 SEN 0.30200% 0.00 1411,~~338~~174.9413 0.00 IV-A 07384MES7 SEN 6.~~80482~~83547% 1913,~~077~~661,~~674~~880.7273 ~~108~~77,~~183~~685.4367 31,~~251~~377,~~245~~165.8592 B-1 07384MET5 SUB 6.~~48297~~46300% 2,~~764~~408,~~607~~755.9962 1412,~~935~~949.7126 ~~181~~147,~~092~~288.3994 B-2 07384MEU2 SUB 6.~~48297~~46300% 1,~~474~~284,~~377~~599.2063 76,~~965~~905.2889 9678,~~577~~549.3482 B-3 07384MEV0 SUB 6.~~48297~~46300% 1,~~290~~124,~~144~~080.6596 6,~~969~~042.9796 8468,~~509~~734.4153 B-4 07384MEX6 SUB 6.~~48297~~46300% ~~737~~642,~~188~~299.6081 3,~~982~~452.6495 4839,~~288~~274.6791 B-5 07384MEY4 SUB 6.~~48297~~46300% ~~552~~481,~~869~~706.9210 2,~~986~~589.8661 3629,~~215~~455.0904 B-6 07384MEZ1 SUB 6.~~48297~~46300% ~~553~~481,~~063~~874.5580 2,~~987~~590.9152 3629,~~227~~465.7835 Totals ~~155~~116,~~209~~714,~~044~~634.4082 ~~839~~627,~~395~~884.0114 2014,~~347~~013,~~230~~423.0996

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 84,~~041~~418,~~271~~746.0431 ~~584~~1,~~707~~645,529.1829 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 II-A-2 0.00 ~~6,746,659~~0.2300 ~~9,950,030~~0.4100 0.00 II-A-3 0.00 4640,~~590~~444,~~200~~662.0051 ~~241~~5,~~492~~991,819.5440 0.00 II-X 0.00 0.00 1710,~~426~~084.7205 0.00 III-A 0.00 5039,~~767~~522,~~913~~538.9589 65,~~496~~100,~~460~~549.9886 0.00 III-X 0.00 0.00 1411,~~338~~174.9413 0.00 IV-A 0.00 1512,~~826~~284,~~428~~714.8781 31,~~359~~454,~~429~~851.2859 0.00 B-1 0.00 2,~~583~~261,~~515~~466.5968 ~~196~~160,~~028~~238.1020 0.00 B-2 0.00 1,~~377~~206,~~799~~049.8680 ~~104~~85,~~542~~455.6271 0.00 B-3 0.00 1,~~205~~055,~~635~~346.2442 9174,~~479~~777.3849 0.00 B-4 0.00 ~~688~~603,~~899~~024.9390 5242,~~271~~727.3186 0.00 B-5 0.00 ~~516~~452,~~654~~251.8306 3932,~~201~~044.9565 0.00 B-6 0.00 ~~516~~452,~~835~~409.7745 3932,~~215~~055.6987 0.00 Totals 0.00 ~~134~~102,~~861~~701,~~814~~210.3183 2114,~~186~~641,~~625~~308.10 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 25,257,000.00 86,~~579~~031,~~021~~426.9574 86,~~972~~747.7450 ~~528~~1,~~778~~605,932.1693 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 II-A-1 94,000,000.00 0.00 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 ~~16,613,975~~0.9400 ~~2,286~~0.6800 ~~9,865,030~~0.0300 0.00 0.00 II-A-3 46,590,200.00 46,~~590~~197,~~200~~483.0012 01,191.0091 05,751,628.0070 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 156,507,600.00 5644,~~975~~400,~~919~~527.8831 129,~~174~~030.32 64,~~195~~868,~~831~~958.6109 0.00 0.00 III-X 0.00 0.00 0.00 0.00 0.00 0.00 IV-A 39,543,600.00 1913,~~077~~661,~~674~~880.7273 ~~2,385~~14.3843 31,~~248~~377,~~860~~151.4749 0.00 0.00 B-1 3,209,800.00 2,~~764~~408,~~607~~755.9962 ~~485~~383.9271 ~~180~~146,~~606~~905.4723 0.00 0.00 B-2 1,711,800.00 1,~~474~~284,~~377~~599.2063 ~~259~~204.1564 9678,~~318~~345.2018 0.00 0.00 B-3 1,497,900.00 1,~~290~~124,~~144~~080.6596 ~~226~~179.7607 8468,~~282~~555.6447 0.00 0.00 B-4 855,900.00 ~~737~~642,~~188~~299.6081 ~~129~~102.5732 4839,~~159~~172.1059 0.00 0.00 B-5 641,900.00 ~~552~~481,~~869~~706.9210 9776.1874 3629,~~117~~378.9230 0.00 0.00 B-6 642,124.78 ~~553~~481,~~063~~874.5580 9776.2176 3629,~~130~~388.5759 0.00 0.00 Totals 427,957,924.78 ~~155~~116,~~209~~714,~~044~~634.4082 2718,~~114~~007.9140 2013,~~320~~995,~~115~~416.1757 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 ~~537~~1,~~750~~612,680.9143 84,~~041~~418,~~271~~746.0431 0.~~31837792~~17495135 ~~537~~1,~~750~~612,680.9143 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 ~~9,867,316~~0.7200 ~~6,746,659~~0.2300 0.~~11733320~~00000000 ~~9,867,316~~0.7200 II-A-3 05,752,820.0061 4640,~~590~~444,~~200~~662.0051 10.~~00000000~~86809377 05,752,820.0061 II-X 0.00 0.00 0.00000000 0.00 III-A 64,~~208~~877,~~005~~988.9341 5039,~~767~~522,~~913~~538.9589 0.~~32437986~~25252792 64,~~208~~877,~~005~~988.9341 III-X 0.00 0.00 0.00000000 0.00 IV-A 31,~~251~~377,~~245~~165.8592 1512,~~826~~284,~~428~~714.8781 0.~~40022732~~31066253 31,~~251~~377,~~245~~165.8592 B-1 ~~181~~147,~~092~~288.3994 2,~~583~~261,~~515~~466.5968 0.~~80488367~~70455065 ~~181~~147,~~092~~288.3994 B-2 9678,~~577~~549.3482 1,~~377~~206,~~799~~049.8680 0.~~80488367~~70455065 9678,~~577~~549.3482 B-3 8468,~~509~~734.4153 1,~~205~~055,~~635~~346.2442 0.~~80488366~~70455065 8468,~~509~~734.4153 B-4 4839,~~288~~274.6791 ~~688~~603,~~899~~024.9390 0.~~80488367~~70455065 4839,~~288~~274.6791 B-5 3629,~~215~~455.0904 ~~516~~452,~~654~~251.8306 0.~~80488367~~70455065 3629,~~215~~455.0904 B-6 3629,~~227~~465.7835 ~~516~~452,~~835~~409.7745 0.~~80488370~~70455068 3629,~~227~~465.7835 Totals 2014,~~347~~013,~~230~~423.0996 ~~134~~102,~~861~~701,~~814~~210.3183 0.~~31512868~~23997969 2014,~~347~~013,~~230~~423.0996

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 25,257,000.00 ~~339~~238.~~66907986~~80218316 0.~~35525755~~26715366 2063.~~93590529~~58367700 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 II-A-1 94,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 ~~288~~0.~~93871200~~00000000 0.~~03976835~~00000000 ~~171~~0.~~56573965~~00000000 0.00000000 II-A-3 46,590,200.00 ~~1000~~991.~~00000000~~57082648 0.~~00000000~~02558285 0123.~~00000000~~45147048 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 156,507,600.00 ~~364~~283.~~04570692~~69566277 0.~~07778740~~05769892 3931.~~58805585~~11004252 0.00000000 III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 39,543,600.00 ~~482~~345.~~44658352~~48904829 0.~~06032278~~00036491 8234.~~15894532~~82615366 0.00000000 B-1 3,209,800.00 ~~861~~750.~~30225871~~43791513 0.~~15138638~~11954327 5645.~~26720356~~76772073 0.00000000 B-2 1,711,800.00 ~~861~~750.~~30225494~~43791915 0.~~15139035~~11954668 5645.~~26720411~~76771819 0.00000000 B-3 1,497,900.00 ~~861~~750.~~30225649~~43791975 0.~~15138527~~11954737 5645.~~26720075~~76772148 0.00000000 B-4 855,900.00 ~~861~~750.~~30225494~~43791331 0.~~15138451~~11954668 5645.~~26720411~~76771819 0.00000000 B-5 641,900.00 ~~861~~750.~~30225892~~43791868 0.~~15139430~~11955133 5645.~~26720673~~76772083 0.00000000 B-6 642,124.78 ~~861~~750.~~30230015~~43794448 0.~~15138802~~11954063 5645.~~26721025~~76772446 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

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 2163.~~29116324~~85083066 ~~318~~174.~~37791662~~95135250 0.~~31837792~~17495135 2163.~~29116324~~85083066 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 ~~171~~0.~~60550817~~00000000 ~~117~~0.~~33320400~~00000000 0.~~11733320~~00000000 ~~171~~0.~~60550817~~00000000 II-A-3 0.00000000 0123.~~00000000~~47705333 ~~1,000~~868.~~00000000~~09377315 10.~~00000000~~86809377 0123.~~00000000~~47705333 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 3931.~~66584326~~16774144 ~~324~~252.~~37986366~~52792126 0.~~32437986~~25252792 3931.~~66584326~~16774144 III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 0.00000000 8234.~~21926810~~82651858 ~~400~~310.~~22731542~~66252971 0.~~40022732~~31066253 8234.~~21926810~~82651858 B-1 0.00000000 5645.~~41858994~~88726400 ~~804~~704.~~88366565~~55065113 0.~~80488367~~70455065 5645.~~41858994~~88726400 B-2 0.00000000 5645.~~41858862~~88726487 ~~804~~704.~~88366632~~55064844 0.~~80488367~~70455065 5645.~~41858862~~88726487 B-3 0.00000000 5645.~~41859270~~88726217 ~~804~~704.~~88366380~~55065091 0.~~80488366~~70455065 5645.~~41859270~~88726217 B-4 0.00000000 5645.~~41858862~~88726487 ~~804~~704.~~88366632~~55064844 0.~~80488367~~70455065 5645.~~41858862~~88726487 B-5 0.00000000 5645.~~41858545~~88727216 ~~804~~704.~~88367347~~55064652 0.~~80488367~~70455065 5645.~~41858545~~88727216 B-6 0.00000000 5645.~~41859827~~88726509 ~~804~~704.~~88370189~~55067939 0.~~80488370~~70455068 5645.~~41859827~~88726509 (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 25,257,000.00 6.~~56806~~54744% 86,~~579~~031,~~021~~426.9574 4632,~~956~~908.2767 0.00 0.00 R-I 50.00 6.~~62469~~63016% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~62469~~63016% 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 5.~~02732~~01711% 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 5.~~97427~~96711% ~~16,613,975~~0.9400 ~~82,713~~0.6900 0.00 0.00 II-A-3 46,590,200.00 6.22000% 46,~~590~~197,~~200~~483.0012 ~~241~~239,~~492~~456.5495 0.00 0.00 II-X 0.00 0.~~33087~~26194% 6346,~~204~~197,~~175~~483.9412 1710,~~426~~084.7205 0.00 0.00 III-A 156,507,600.00 6.~~07530~~02700% 5644,~~975~~400,~~919~~527.8831 ~~288~~223,~~455~~001.0579 0.00 0.00 III-X 0.00 0.30200% 5644,~~975~~400,~~919~~527.8831 1411,~~338~~174.9413 0.00 0.00 IV-A 39,543,600.00 6.~~80482~~83547% 1913,~~077~~661,~~674~~880.7273 ~~108~~77,~~183~~821.4316 0.00 0.00 B-1 3,209,800.00 6.~~48297~~46300% 2,~~764~~408,~~607~~755.9962 1412,~~935~~973.7115 0.00 0.00 B-2 1,711,800.00 6.~~48297~~46300% 1,~~474~~284,~~377~~599.2063 76,~~965~~918.2863 0.00 0.00 B-3 1,497,900.00 6.~~48297~~46300% 1,~~290~~124,~~144~~080.6596 6,~~969~~054.9711 0.00 0.00 B-4 855,900.00 6.~~48297~~46300% ~~737~~642,~~188~~299.6081 3,~~982~~459.6432 0.00 0.00 B-5 641,900.00 6.~~48297~~46300% ~~552~~481,~~869~~706.9210 2,~~986~~594.8639 0.00 0.00 B-6 642,124.78 6.~~48297~~46300% ~~553~~481,~~063~~874.5580 2,~~987~~595.9130 0.00 0.00 Totals 427,957,924.78 ~~839~~629,~~395~~041.0165 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 059.0082 0.00 4632,~~956~~848.2786 0.00 84,~~041~~418,~~271~~746.0431 R-I 0.00 0.00 0.00 0.00 0.00 R-II 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 ~~82,713~~0.6900 0.00 ~~6,746,659~~0.2300 II-A-3 0458.0016 0.00 ~~241~~238,~~492~~998.5479 0.00 4640,~~590~~444,~~200~~662.0051 II-X 0.00 0.00 1710,~~426~~084.7205 0.00 5340,~~336~~444,~~859~~662.2351 III-A 0440.0034 0.00 ~~288~~222,~~455~~561.0545 0.00 5039,~~767~~522,~~913~~538.9589 III-X 0.00 0.00 1411,~~338~~174.9413 0.00 5039,~~767~~522,~~913~~538.9589 IV-A 0135.0049 0.00 ~~108~~77,~~183~~685.4367 0.00 1512,~~826~~284,~~428~~714.8781 B-1 023.0089 0.00 1412,~~935~~949.7126 0.00 2,~~583~~261,~~515~~466.5968 B-2 012.0074 0.00 76,~~965~~905.2889 0.00 1,~~377~~206,~~799~~049.8680 B-3 011.0015 0.00 6,~~969~~042.9796 0.00 1,~~205~~055,~~635~~346.2442 B-4 06.0037 0.00 3,~~982~~452.6495 0.00 ~~688~~603,~~899~~024.9390 B-5 04.0078 0.00 2,~~986~~589.8661 0.00 ~~516~~452,~~654~~251.8306 B-6 04.0078 0.00 2,~~987~~590.9152 0.00 ~~516~~452,~~835~~409.7745 Totals 01,157.0052 0.00 ~~839~~627,~~395~~884.0114 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 25,257,000.00 6.~~56806~~54744% ~~339~~238.~~66907986~~80218316 1.~~85913885~~30295245 0.00000000 0.00000000 R-I 50.00 6.~~62469~~63016% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~62469~~63016% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 5.~~02732~~01711% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 5.~~97427~~96711% ~~288~~0.~~93871200~~00000000 10.~~43849896~~00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 6.22000% ~~1000~~991.~~00000000~~57082648 5.~~18333340~~13964203 0.00000000 0.00000000 II-X 0.00 0.~~33087~~26194% ~~319~~233.~~06765675~~21437971 0.~~08797366~~05090635 0.00000000 0.00000000 III-A 156,507,600.00 6.~~07530~~02700% ~~364~~283.~~04570692~~69566277 1.~~84307375~~42486237 0.00000000 0.00000000 III-X 0.00 0.30200% ~~364~~283.~~04570692~~69566277 0.~~09161817~~07139672 0.00000000 0.00000000 IV-A 39,543,600.00 6.~~80482~~83547% ~~482~~345.~~44658352~~48904829 21.~~73580124~~96798369 0.00000000 0.00000000 B-1 3,209,800.00 6.~~48297~~46300% ~~861~~750.~~30225871~~43791513 4.~~65315908~~04173157 0.00000000 0.00000000 B-2 1,711,800.00 6.~~48297~~46300% ~~861~~750.~~30225494~~43791915 4.~~65316042~~04172801 0.00000000 0.00000000 B-3 1,497,900.00 6.~~48297~~46300% ~~861~~750.~~30225649~~43791975 4.~~65316109~~04173176 0.00000000 0.00000000 B-4 855,900.00 6.~~48297~~46300% ~~861~~750.~~30225494~~43791331 4.~~65316042~~04173385 0.00000000 0.00000000 B-5 641,900.00 6.~~48297~~46300% ~~861~~750.~~30225892~~43791868 4.~~65315470~~04173547 0.00000000 0.00000000 B-6 642,124.78 6.~~48297~~46300% ~~861~~750.~~30230015~~43794448 4.~~65316103~~04173781 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.~~00000000~~00236845 0.00000000 1.~~85913885~~30058439 0.00000000 ~~318~~174.~~37791662~~95135250 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 10.~~43849896~~00000000 0.00000000 ~~117~~0.~~33320400~~00000000 II-A-3 0.~~00000000~~00983383 0.00000000 5.~~18333340~~12980820 0.00000000 ~~1000~~868.~~00000000~~09377315 II-X 0.00000000 0.00000000 0.~~08797366~~05090635 0.00000000 ~~269~~204.~~25541612~~17296015 III-A 0.~~00000000~~00281354 0.00000000 1.~~84307375~~42204883 0.00000000 ~~324~~252.~~37986366~~52792126 III-X 0.00000000 0.00000000 0.~~09161817~~07139672 0.00000000 ~~324~~252.~~37986366~~52792126 IV-A 0.~~00000000~~00342634 0.00000000 21.~~73580124~~96455735 0.00000000 ~~400~~310.~~22731542~~66252971 B-1 0.~~00000000~~00744283 0.00000000 4.~~65315908~~03428874 0.00000000 ~~804~~704.~~88366565~~55065113 B-2 0.~~00000000~~00744246 0.00000000 4.~~65316042~~03428555 0.00000000 ~~804~~704.~~88366632~~55064844 B-3 0.~~00000000~~00744375 0.00000000 4.~~65316109~~03428800 0.00000000 ~~804~~704.~~88366380~~55065091 B-4 0.~~00000000~~00744246 0.00000000 4.~~65316042~~03429139 0.00000000 ~~804~~704.~~88366632~~55064844 B-5 0.~~00000000~~00744664 0.00000000 4.~~65315470~~03428883 0.00000000 ~~804~~704.~~88367347~~55064652 B-6 0.~~00000000~~00744404 0.00000000 4.~~65316103~~03429377 0.00000000 ~~804~~704.~~88370189~~55067939 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage II-X-1 1.46200% 0.00 0.00 0.00 0.00 0.00000000% II-X-2 0.51200% ~~16,613,975~~0.9400 ~~6,746,659~~0.2300 0.00 0.00 110.~~73332040~~00000000% II-X-3 0.~~26627~~26194% 46,~~590~~197,~~200~~483.0012 4640,~~590~~444,~~200~~662.0051 0.00 0.00 ~~100~~86.~~00000000~~80937732%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2114,~~235~~666,~~326~~062.4465 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1321,~~161~~964.8304 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 2114,~~248~~688,~~488~~026.2769 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6146,~~863~~718.1759 Payment of Interest and Principal 2114,~~186~~641,~~625~~308.10 Total Withdrawals (Pool Distribution Amount) 2114,~~248~~688,~~488~~026.2769 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 23,~~588~~169.3570 Servicing Fee Support 2,~~588~~012.3520 Non-Supported Prepayment/Curtailment Interest Shortfall 01,157.0050

SERVICING FEES Gross Servicing Fee 4735,~~309~~539.4257 Supplemental PMI Insurance Fee 1713,~~142~~191.1022 Supported Prepayment/Curtailment Interest Shortfall 2,~~588~~012.3520 Net Servicing Fee 6146,~~863~~718.1759

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 7 0 0 0 7 12,~~249~~619,~~694~~809.2120 0.00 0.00 0.00 12,~~249~~619,~~694~~809.2120 60 Days 01 0 0 0 01 0287,191.0069 0.00 0.00 0.00 0287,191.0069 90 Days 10 0 0 0 10 ~~324,864~~0.8200 0.00 0.00 0.00 ~~324,864~~0.8200 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 1 0 0 1 1 0.00 ~~641,837.08~~ 0.00 0.00 641,837.08 641,837.08 Totals 8 1 0 0 1 9 12,~~574~~907,~~559~~000.0389 ~~641,837.08~~ 0.00 0.00 2641,~~216~~837.08 3,~~396~~548,837.1197 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 2.~~160494~~755906% 0.000000% 0.000000% 0.000000% 2.~~160494~~755906% 02.~~926499~~550428% 0.000000% 0.000000% 0.000000% 02.~~926499~~550428% 60 Days 0.~~000000~~393701% 0.000000% 0.000000% 0.000000% 0.~~000000~~393701% 0.~~000000~~279586% 0.000000% 0.000000% 0.000000% 0.~~000000~~279586% 90 Days 0.~~308642~~000000% 0.000000% 0.000000% 0.000000% 0.~~308642~~000000% 0.~~240849~~000000% 0.000000% 0.000000% 0.000000% 0.~~240849~~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.~~308642~~000000% 0.000000% 0.~~000000~~393701% 0.~~308642~~393701% 0.000000% 0.~~475846~~000000% 0.000000% 0.~~000000~~624839% 0.~~475846~~624839% Totals 23.~~469136~~149606% 0.~~308642~~000000% 0.000000% 0.~~000000~~393701% 23.~~777778~~543307% 12.~~167348~~830014% 0.~~475846~~000000% 0.000000% 0.~~000000~~624839% 13.~~643194~~454853%

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 01 0 0 0 01 0352,869.0036 0.00 0.00 0.00 0352,869.0036 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 1 0 0 1 1 0.00 ~~641,837.08~~ 0.00 0.00 641,837.08 641,837.08 Totals 0 1 0 0 1 ~~0.00~~2 ~~641~~352,~~837~~869.0836 0.00 0.00 641,837.08 994,706.44 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 09.~~000000~~090909% 0.000000% 0.000000% 0.000000% 09.~~000000~~090909% 07.~~000000~~372538% 0.000000% 0.000000% 0.000000% 07.~~000000~~372538% 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% 50.~~555556~~000000% 0.000000% 09.~~000000~~090909% 59.~~555556~~090909% 0.000000% 70.~~533815~~000000% 0.000000% 013.~~000000~~409973% 713.~~533815~~409973% Totals 09.~~000000~~090909% ~~5.555556%~~ 0.000000% 0.000000% 59.~~555556~~090909% 018.~~000000~~181818% 7.~~533815~~372538% 0.000000% 0.000000% 713.~~533815~~409973% 20.782511% 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 54 0 0 0 54 1,~~124~~626,~~841~~939.6984 0.00 0.00 0.00 1,~~124~~626,~~841~~939.6984 60 Days 01 0 0 0 01 0287,191.0069 0.00 0.00 0.00 0287,191.0069 90 Days 10 0 0 0 10 ~~324,864~~0.8200 0.00 0.00 0.00 ~~324,864~~0.8200 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 65 0 0 0 65 1,~~449~~914,~~706~~131.5153 0.00 0.00 0.00 1,~~449~~914,~~706~~131.5153 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~521127~~571429% 0.000000% 0.000000% 0.000000% 3.~~521127~~571429% 13.~~989729~~761543% 0.000000% 0.000000% 0.000000% 13.~~989729~~761543% 60 Days 0.~~000000~~892857% 0.000000% 0.000000% 0.000000% 0.~~000000~~892857% 0.~~000000~~663997% 0.000000% 0.000000% 0.000000% 0.~~000000~~663997% 90 Days 0.~~704225~~000000% 0.000000% 0.000000% 0.000000% 0.~~704225~~000000% 0.~~574652~~000000% 0.000000% 0.000000% 0.000000% 0.~~574652~~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 4.~~225352~~464286% 0.000000% 0.000000% 0.000000% 4.~~225352~~464286% 24.~~564382~~425540% 0.000000% 0.000000% 0.000000% 24.~~564382~~425540% 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 12 0 0 0 12 66640,~~902~~000.5000 0.00 0.00 0.00 66640,~~902~~000.5000 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 12 0 0 0 12 66640,~~902~~000.5000 0.00 0.00 0.00 66640,~~902~~000.5000 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~787402~~000000% 0.000000% 0.000000% 0.000000% 02.~~787402~~000000% 01.~~125429~~530858% 0.000000% 0.000000% 0.000000% 01.~~125429~~530858% 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 02.~~787402~~000000% 0.000000% 0.000000% 0.000000% 02.~~787402~~000000% 01.~~125429~~530858% 0.000000% 0.000000% 0.000000% 01.~~125429~~530858% 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 10 0 0 0 10 ~~57,950~~0.0200 0.00 0.00 0.00 ~~57,950~~0.0200 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 ~~57,950~~0.0200 0.00 0.00 0.00 ~~57,950~~0.0200 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~702703~~000000% 0.000000% 0.000000% 0.000000% 20.~~702703~~000000% 0.~~351372~~000000% 0.000000% 0.000000% 0.000000% 0.~~351372~~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 20.~~702703~~000000% 0.000000% 0.000000% 0.000000% 20.~~702703~~000000% 0.~~351372~~000000% 0.000000% 0.000000% 0.000000% 0.~~351372~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1321,~~161~~964.8304

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 402,700,924.78 94.09825155% ~~126~~98,~~820~~282,~~543~~464.2752 9495.~~03739963~~69747397% 54.~~962600~~302526% 9796.~~355314~~834853% Class R-I 402,700,874.78 94.09823986% ~~126~~98,~~820~~282,~~543~~464.2752 9495.~~03739963~~69747397% 0.000000% 0.000000% Class R-II 402,700,824.78 94.09822818% ~~126~~98,~~820~~282,~~543~~464.2752 9495.~~03739963~~69747397% 0.000000% 0.000000% Class 2A1 308,700,824.78 72.13345209% ~~126~~98,~~820~~282,~~543~~464.2752 9495.~~03739963~~69747397% 0.000000% 0.000000% Class 2A2 251,200,824.78 58.69755182% ~~120~~98,~~073~~282,~~884~~464.0452 8995.~~03475358~~69747397% 50.~~002646~~000000% 20.~~589913~~000000% Class 2A3 204,610,624.78 47.81092085% 7357,~~483~~837,~~684~~802.0401 5456.~~48813248~~31657264% 3439.~~546621~~380901% 1721.~~885084~~227473% Class 3A 48,103,024.78 11.24012945% 2218,~~715~~315,~~770~~263.0912 1617.~~84373757~~83354156% 3738.~~644395~~483031% 1920.~~488829~~743494% Class B-1 5,349,624.78 1.25003522% 43,~~305~~769,~~825~~081.63 3.~~19276858~~66994858% 12.~~915676~~201986% 01.~~991762~~186936% Class B-2 3,637,824.78 0.85004263% 2,~~928~~563,~~025~~031.7783 2.~~17113034~~49561988% 1.~~021638~~174329% 0.~~528911~~632998% Class B-3 2,139,924.78 0.50003158% 1,~~722~~507,~~390~~685.5341 1.~~27715213~~46803080% 01.~~893978~~027589% 0.~~462820~~553901% Class B-4 1,284,024.78 0.30003529% 1904,~~033,490~~660.6051 0.~~76633301~~88086645% 0.~~510819~~587164% 0.~~264455~~316499% Class B-5 642,124.78 0.15004390% ~~516~~452,~~835~~409.7745 0.~~38323359~~44051034% 0.~~383099~~440356% 0.~~198334~~237365% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~383234~~440510% 0.~~198403~~237448% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~988097~~968509% Weighted Average Net Coupon 6.~~622324~~603109% Weighted Average Pass-Through Rate 6.~~489789~~467483% Weighted Average Maturity(Stepdown Calculation ) ~~340~~338 Beginning Scheduled Collateral Loan Count ~~370~~284 Number Of Loans Paid In Full 4630 Ending Scheduled Collateral Loan Count ~~324~~254 Beginning Scheduled Collateral Balance ~~155~~116,~~209~~714,~~044~~634.4082 Ending Scheduled Collateral Balance ~~134~~102,~~861~~701,~~814~~210.3185 Ending Actual Collateral Balance at 3128-~~Dec~~Feb-~~2002~~2003 ~~134~~102,~~883~~720,~~420~~363.1155 Monthly P &I Constant ~~930~~695,~~961~~779.4485 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2014,~~663~~215,~~886~~102.0312 Ending Scheduled Balance for Premium Loans ~~134~~102,~~861~~701,~~814~~210.3185 Scheduled Principal 2718,~~114~~007.9240 Unscheduled Principal 2013,~~320~~995,~~115~~416.1757

Miscellaneous Reporting Senior Percentage Group I 9493.~~710628~~669705% Senior Percentage Group II 9493.~~812703~~926006% Senior Percentage Group III 9594.~~462316~~858144% Senior Percentage Group IV 9695.~~329686~~649119% Senior Prepayment Percentage Group I 9796.~~355314~~834853% Senior Prepayment Percentage Group II 9796.~~406351~~963003% Senior Prepayment Percentage Group III 97.~~731158~~429072% Senior Prepayment Percentage Group IV 9897.~~164843~~824559% Stop-Loss Amount 08559158.0050 Subordinate Percentage Group I 56.~~289372~~330295% Subordinate Percentage Group II 56.~~187297~~073994% Subordinate Percentage Group III 45.~~537684~~141856% Subordinate Percentage Group IV 34.~~670314~~350881% Subordinate Prep. Percentage Group I 03.~~000000%~~165147 Subordinate Prep. Percentage Group II 03.~~000000%~~036997 Subordinate Prep. Percentage Group III 02.~~000000%~~570928 Subordinate Prep. Percentage Group IV 02.~~000000%~~175441

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~075268~~056824 6.~~991323~~987897 6.~~864884~~823602 Weighted Average Net Rate 6.~~700269~~681824 6.~~616323~~612897 6.~~513878~~472540 Weighted Average Maturity ~~339~~337 ~~339~~337 ~~340~~338 Beginning Loan Count 1914 ~~161~~125 ~~143~~112 Loans Paid In Full 13 1913 1612 Ending Loan Count 1811 ~~142~~112 ~~127~~100 Beginning Scheduled Balance 96,~~058~~439,~~140~~036.6976 6649,~~662~~184,~~139~~975.1271 5946,~~684~~807,~~200~~290.2381 Ending scheduled Balance 84,~~505~~773,~~524~~408.2675 5643,~~532~~251,~~020~~930.1714 5341,~~331~~800,~~778~~332.5535 Record Date 1202/3128/~~2002~~2003 1202/3128/~~2002~~2003 1202/3128/~~2002~~2003 Principal And Interest Constant 6245,~~881~~069.1646 ~~390~~287,~~792~~685.2226 ~~354~~275,~~190~~681.5974 Scheduled Principal 97,~~473~~203.8550 21,~~411~~268.7999 129,~~753~~519.0182 Unscheduled Principal ~~543~~1,~~142~~658,424.5851 105,~~127~~931,~~707~~776.1658 64,~~339~~997,~~668~~438.6764 Scheduled Interest 5337,~~407~~865.3196 ~~388~~286,~~380~~416.4327 ~~341~~266,~~437~~161.5892 Servicing Fees 2,~~830~~012.66 20 15,~~831~~370.9230 1713,~~457~~693.9153 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 ~~997~~721.9708 75,~~224~~367.5068 65,~~792~~598.7478 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 4935,~~578~~132.68 ~~360~~265,~~324~~678.0129 ~~317~~246,~~186~~869.9361 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.~~568060~~547441 6.~~486273~~481938 6.~~377304~~329004

Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~308691~~336801 6.~~988097~~968509 Weighted Average Net Rate 6.~~933691~~961801 6.~~622324~~603109 Weighted Average Maturity 7068 ~~340~~338 Beginning Loan Count 4733 ~~370~~284 Loans Paid In Full 102 4630 Ending Loan Count 3731 ~~324~~254 Beginning Scheduled Balance 1914,~~804~~283,~~564~~331.3654 ~~155~~116,~~209~~714,~~044~~634.4082 Ending scheduled Balance 1612,~~492~~875,~~491~~539.3361 ~~134~~102,~~861~~701,~~814~~210.3185 Record Date 1202/3128/~~2002~~2003 1202/3128/~~2002~~2003 Principal And Interest Constant ~~123~~87,~~097~~343.4739 ~~930~~695,~~961~~779.4485 Scheduled Principal ~~2,476~~15.2709 2718,~~114~~007.9240 Unscheduled Principal 31,~~309~~407,~~596~~776.7684 2013,~~320~~995,~~115~~416.1757 Scheduled Interest ~~120~~87,~~621~~328.2030 ~~903~~677,~~846~~772.5245 Servicing Fees 64,~~188~~463.9354 4735,~~309~~539.4257 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 21,~~126~~503.8968 1713,~~142~~191.1022 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest ~~112~~81,~~305~~361.3808 ~~839~~629,~~395~~041.0066 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~804818~~835471 6.~~489789~~467483

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-5