8-K 1 bst01008.txt MAY 8-K 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): May 27, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-16 Pooling and Servicing Agreement) (Commission 90-0042381 (State or other File Number) 90-0042380 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 May 27, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-8 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 2001-8 Trust, relating to the May 27, 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 2001-8 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: 5/27/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-8 Trust, relating to the May 27, 2003 distribution.

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 24/2830/03 Distribution Date: 35/2527/03 BST Series: 2001-8 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 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 07384MFV9 SEN 6.~~70101~~69949% 97,~~532~~714,~~182~~302.9578 5342,~~000~~719.3412 ~~379~~756,~~158~~243.3614 R-I 07384MFW7 RES 6.69323% 0.00 0.00 0.00 R-II 07384MFX5 RES 6.69323% 0.00 0.00 0.00 II-A 07384MFY3 SEN 65.~~00191~~94436% 1714,~~972~~502,~~906~~624.1983 8971,~~506~~258.2332 1570,~~688,213~~749.3120 III-A 07384MFZ0 SEN 5.~~77740~~69986% 2620,~~511~~243,~~704~~726.1665 ~~127~~95,~~091~~375.2690 21,~~608~~325,~~519~~052.1163 IV-A 07384MGA4 SEN 6.~~51802~~51731% 1917,~~634~~748,~~973~~849.8723 ~~106~~95,~~191~~614.9815 12,~~699~~232,~~685~~979.0385 V-A 07384MGB2 SEN 6.~~45398~~45083% 2215,~~113~~557,~~123~~252.2350 ~~118~~82,~~419~~953.5004 41,~~076~~244,~~806~~399.1125 VI-A 07384MGC0 SEN 6.~~59877~~60414% 4437,~~604~~347,~~047~~076.2894 ~~244~~203,~~220~~871.9358 34,~~460~~009,~~991~~555.1893 VII-A 07384MGD8 SEN 6.~~72629~~74217% 1914,~~759~~312,~~493~~623.0958 ~~110~~79,~~280~~763.0828 23,~~821~~798,~~738~~786.3566 B-1 07384MGE6 SUB 6.~~29203~~26876% 65,~~464~~801,~~833~~017.8215 3330,~~751~~058.5665 ~~321~~276,~~101~~818.0390 B-2 07384MGF3 SUB 6.~~29203~~26876% 43,~~309~~867,~~756~~226.8701 2220,~~500~~038.3549 ~~214~~184,~~060~~540.7827 B-3 07384MGG1 SUB 6.~~29203~~26876% 2,~~633~~363,~~912~~459.3617 1312,~~751~~246.1154 ~~130~~112,~~823~~781.4797 B-4 07384MGH9 SUB 6.~~29203~~26876% 1,~~197~~074,~~247~~312.3358 65,~~250~~566.5868 5951,~~465~~265.9315 B-5 07384MGJ5 SUB 6.~~29203~~26876% 1,~~197~~074,~~088~~170.5107 65,~~249~~565.7594 5951,~~458~~258.0435 B-6 07384MGK2 SUB 6.~~29203~~26876% ~~958~~859,~~027~~656.6122 54,~~001~~454.6641 4741,~~584~~021.1596 Totals ~~176~~142,~~889~~466,297.2771 ~~936~~749,~~215~~486.3310 1714,~~567~~655,~~604~~453.8526

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 96,~~153~~958,~~024~~059.5865 ~~432~~798,~~158~~962.7026 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A 0.00 1613,~~284~~931,~~692~~875.8763 1642,~~777,719~~007.5452 0.00 III-A 0.00 2318,~~903~~918,~~185~~674.0402 21,~~735~~420,~~610~~428.3753 0.00 IV-A 0.00 1715,~~935~~515,~~288~~869.8438 12,~~805~~328,~~877~~594.0100 0.00 V-A 0.00 1814,~~036~~312,~~317~~853.1224 41,~~195~~327,~~225~~352.6129 0.00 VI-A 0.00 4133,~~143~~337,~~056~~521.1101 34,~~705~~213,~~212~~427.1151 0.00 VII-A 0.00 1610,~~937~~513,~~754~~836.7492 23,~~932~~878,~~018~~549.4394 0.00 B-1 0.00 65,~~143~~524,~~732~~198.7925 ~~354~~306,~~852~~877.5955 0.00 B-2 0.00 43,~~095~~682,~~696~~685.0974 ~~236~~204,~~561~~578.1376 0.00 B-3 0.00 2,~~503~~250,~~088~~677.8920 ~~144~~125,~~574~~028.5851 0.00 B-4 0.00 1,~~137~~023,~~781~~047.4043 6556,~~716~~831.5183 0.00 B-5 0.00 1,~~137~~022,~~630~~911.4772 6556,~~707~~824.7929 0.00 B-6 0.00 ~~910~~818,~~443~~634.4526 5245,~~585~~476.8137 0.00 Totals 0.00 ~~159~~127,~~321~~810,~~692~~844.3945 1815,~~503~~404,~~820~~939.1836 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 32,948,000.00 97,~~532~~714,~~182~~302.9578 87,~~827~~266.3109 ~~370~~748,~~331~~977.05 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 47,616,900.00 1714,~~972~~502,~~906~~624.1983 1915,~~062~~803.4751 1554,~~669,150~~945.8469 0.00 0.00 III-A 168,187,400.00 2620,~~511~~243,~~704~~726.1665 3226,~~725~~329.2771 21,~~575~~298,~~793~~722.8492 0.00 0.00 IV-A 63,044,700.00 1917,~~634~~748,~~973~~849.8723 87,~~263~~475.4334 12,~~691~~225,~~421~~504.6050 0.00 0.00 V-A 79,630,600.00 2215,~~113~~557,~~123~~252.2350 2115,~~658~~434.2051 41,~~055~~228,~~147~~964.9175 0.00 0.00 VI-A 138,372,800.00 4437,~~604~~347,~~047~~076.2894 2318,~~727~~806.0034 3,~~437~~990,~~264~~749.1759 0.00 0.00 VII-A 52,139,400.00 1914,~~759~~312,~~493~~623.0958 64,~~161~~720.1852 23,~~815~~794,~~577~~066.1715 0.00 0.00 B-1 8,141,200.00 65,~~464~~801,~~833~~017.8215 54,~~419~~946.5051 ~~315~~271,~~681~~872.5339 0.00 0.00 B-2 5,427,300.00 43,~~309~~867,~~756~~226.8701 3,~~612~~297.8957 ~~210~~181,~~447~~242.8969 0.00 0.00 B-3 3,316,900.00 2,~~633~~363,~~912~~459.3617 2,~~208~~015.0232 ~~128~~110,~~615~~766.4466 0.00 0.00 B-4 1,507,700.00 1,~~197~~074,~~247~~312.3358 ~~1,003~~916.6606 5850,~~462~~349.2709 0.00 0.00 B-5 1,507,500.00 1,~~197~~074,~~088~~170.5107 ~~1,003~~915.5394 5850,~~454~~342.5241 0.00 0.00 B-6 1,206,450.00 ~~958~~859,~~027~~656.6122 ~~803~~733.1203 4640,~~781~~288.0493 0.00 0.00 Totals 603,046,950.00 ~~176~~142,~~889~~466,297.2771 ~~134~~108,~~475~~660.5845 1714,~~433~~546,~~129~~792.2782 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 ~~379~~756,~~158~~243.3614 96,~~153~~958,~~024~~059.5865 0.~~27780213~~21118307 ~~379~~756,~~158~~243.3614 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A 1570,~~688,213~~749.3120 1613,~~284~~931,~~692~~875.8763 0.~~34199397~~29258258 1570,~~688,213~~749.3120 III-A 21,~~608~~325,~~519~~052.1163 2318,~~903~~918,~~185~~674.0402 0.~~14212233~~11248568 21,~~608~~325,~~519~~052.1163 IV-A 12,~~699~~232,~~685~~979.0385 1715,~~935~~515,~~288~~869.8438 0.~~28448528~~24610902 12,~~699~~232,~~685~~979.0385 V-A 41,~~076~~244,~~806~~399.1125 1814,~~036~~312,~~317~~853.1224 0.~~22649983~~17974062 41,~~076~~244,~~806~~399.1125 VI-A 34,~~460~~009,~~991~~555.1893 4133,~~143~~337,~~056~~521.1101 0.~~29733485~~24092539 34,~~460~~009,~~991~~555.1893 VII-A 23,~~821~~798,~~738~~786.3566 1610,~~937~~513,~~754~~836.7492 0.~~32485519~~20164860 23,~~821~~798,~~738~~786.3566 B-1 ~~321~~276,~~101~~818.0390 65,~~143~~524,~~732~~198.7925 0.~~75464708~~67854840 ~~321~~276,~~101~~818.0390 B-2 ~~214~~184,~~060~~540.7827 43,~~095~~682,~~696~~685.0974 0.~~75464708~~67854840 ~~214~~184,~~060~~540.7827 B-3 ~~130~~112,~~823~~781.4797 2,~~503~~250,~~088~~677.8920 0.~~75464708~~67854840 ~~130~~112,~~823~~781.4797 B-4 5951,~~465~~265.9315 1,~~137~~023,~~781~~047.4043 0.~~75464708~~67854840 5951,~~465~~265.9315 B-5 5951,~~458~~258.0435 1,~~137~~022,~~630~~911.4772 0.~~75464708~~67854840 5951,~~458~~258.0435 B-6 4741,~~584~~021.1596 ~~910~~818,~~443~~634.4526 0.~~75464665~~67854802 4741,~~584~~021.1596 Totals 1714,~~567~~655,~~604~~453.8526 ~~159~~127,~~321~~810,~~692~~844.3945 0.~~26419451~~21194178 1714,~~567~~655,~~604~~453.8526

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 32,948,000.00 ~~289~~234.~~30991107~~13569200 0.~~26791641~~22053205 1122.~~23986433~~73209451 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 47,616,900.00 ~~377~~304.~~44805290~~56885749 0.~~40032992~~33188868 3511.~~05374856~~65438510 0.00000000 III-A 168,187,400.00 ~~157~~120.~~63192819~~36410962 0.~~19457623~~15654984 157.~~31502265~~72188000 0.00000000 IV-A 63,044,700.00 ~~311~~281.~~44527407~~52801473 0.~~13107256~~11857206 2635.~~82892614~~30042176 0.00000000 V-A 79,630,600.00 ~~277~~195.~~69630305~~36776691 0.~~27198338~~19382637 5015.~~92449272~~43332274 0.00000000 VI-A 138,372,800.00 ~~322~~269.~~34693003~~90186612 0.~~17147156~~13591067 2428.~~84060574~~84056397 0.00000000 VII-A 52,139,400.00 ~~378~~274.~~97430906~~50687158 0.~~11816745~~09053652 5472.~~00095072~~76773707 0.00000000 B-1 8,141,200.00 ~~794~~712.~~08856434~~55062521 0.~~66568810~~60758979 3833.~~77579841~~39463347 0.00000000 B-2 5,427,300.00 ~~794~~712.~~08856522~~55062554 0.~~66568828~~60758941 3833.~~77579828~~39463269 0.00000000 B-3 3,316,900.00 ~~794~~712.~~08856462~~55062558 0.~~66568784~~60759143 3833.~~77579668~~39463354 0.00000000 B-4 1,507,700.00 ~~794~~712.~~08856536~~55062678 0.~~66568946~~60758772 3833.~~77579757~~39463421 0.00000000 B-5 1,507,500.00 ~~794~~712.~~08856385~~55062687 0.~~66569154~~60758872 3833.~~77580100~~39463350 0.00000000 B-6 1,206,450.00 ~~794~~712.~~08811803~~55022587 0.~~66568859~~60759252 3833.~~77578018~~39461229 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 1122.~~50778075~~95262656 ~~277~~211.~~80213002~~18306574 0.~~27780213~~21118307 1122.~~50778075~~95262656 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 0.00000000 3511.~~45407849~~98627378 ~~341~~292.~~99397420~~58258370 0.~~34199397~~29258258 3511.~~45407849~~98627378 III-A 0.00000000 157.~~50959888~~87842983 ~~142~~112.~~12232926~~48567978 0.~~14212233~~11248568 157.~~50959888~~87842983 IV-A 0.00000000 2635.~~95999870~~41899398 ~~284~~246.~~48527537~~10902074 0.~~28448528~~24610902 2635.~~95999870~~41899398 V-A 0.00000000 5115.~~19647610~~62714899 ~~226~~179.~~49982695~~74061780 0.~~22649983~~17974062 5115.~~19647610~~62714899 VI-A 0.00000000 2528.~~01207737~~97647464 ~~297~~240.~~33485273~~92539148 0.~~29733485~~24092539 2528.~~01207737~~97647464 VII-A 0.00000000 5472.~~11911817~~85827340 ~~324~~201.~~85519089~~64859818 0.~~32485519~~20164860 5472.~~11911817~~85827340 B-1 0.00000000 3934.~~44148651~~00222326 ~~754~~678.~~64707783~~54840196 0.~~75464708~~67854840 3934.~~44148651~~00222326 B-2 0.00000000 3934.~~44148656~~00222394 ~~754~~678.~~64707866~~54840160 0.~~75464708~~67854840 3934.~~44148656~~00222394 B-3 0.00000000 3934.~~44148753~~00222195 ~~754~~678.~~64707709~~54840363 0.~~75464708~~67854840 3934.~~44148753~~00222195 B-4 0.00000000 3934.~~44148703~~00222193 ~~754~~678.~~64707833~~54840486 0.~~75464708~~67854840 3934.~~44148703~~00222193 B-5 0.00000000 3934.~~44148590~~00222222 ~~754~~678.~~64707794~~54840464 0.~~75464708~~67854840 3934.~~44148590~~00222222 B-6 0.00000000 3934.~~44146048~~00220482 ~~754~~678.~~64664926~~54802105 0.~~75464665~~67854802 3934.~~44146048~~00220482 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 32,948,000.00 6.~~70101~~69949% 97,~~532~~714,~~182~~302.9578 5343,~~229~~068.4124 0.00 0.00 R-I 50.00 6.69323% 0.00 0.00 0.00 0.00 R-II 50.00 6.69323% 0.00 0.00 0.00 0.00 II-A 47,616,900.00 65.~~00191~~94436% 1714,~~972~~502,~~906~~624.1983 8971,~~893~~840.0868 0.00 0.00 III-A 168,187,400.00 5.~~77740~~69986% 2620,~~511~~243,~~704~~726.1665 ~~127~~96,~~640~~155.5436 0.00 0.00 IV-A 63,044,700.00 6.~~51802~~51731% 1917,~~634~~748,~~973~~849.8723 ~~106~~96,~~650~~395.9456 0.00 0.00 V-A 79,630,600.00 6.~~45398~~45083% 2215,~~113~~557,~~123~~252.2350 ~~118~~83,~~931~~630.3097 0.00 0.00 VI-A 138,372,800.00 6.~~59877~~60414% 4437,~~604~~347,~~047~~076.2894 ~~245~~205,~~276~~537.4572 0.00 0.00 VII-A 52,139,400.00 6.~~72629~~74217% 1914,~~759~~312,~~493~~623.0958 ~~110~~80,~~756~~415.7115 0.00 0.00 B-1 8,141,200.00 6.~~29203~~26876% 65,~~464~~801,~~833~~017.8215 3330,~~897~~304.4331 0.00 0.00 B-2 5,427,300.00 6.~~29203~~26876% 43,~~309~~867,~~756~~226.8701 2220,~~597~~202.6025 0.00 0.00 B-3 3,316,900.00 6.~~29203~~26876% 2,~~633~~363,~~912~~459.3617 1312,~~810~~346.5463 0.00 0.00 B-4 1,507,700.00 6.~~29203~~26876% 1,~~197~~074,~~247~~312.3358 65,~~277~~612.6017 0.00 0.00 B-5 1,507,500.00 6.~~29203~~26876% 1,~~197~~074,~~088~~170.5107 65,~~276~~611.7643 0.00 0.00 B-6 1,206,450.00 6.~~29203~~26876% ~~958~~859,~~027~~656.6122 54,~~023~~490.2881 0.00 0.00 Totals 603,046,950.00 ~~940~~755,~~261~~611.6428 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 ~~229~~349.0712 0.00 5342,~~000~~719.3412 0.00 96,~~153~~958,~~024~~059.5865 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 ~~386~~582.8536 0.00 8971,~~506~~258.2332 0.00 1613,~~284~~931,~~692~~875.8763 III-A ~~549~~779.2946 0.00 ~~127~~95,~~091~~375.2690 0.00 2318,~~903~~918,~~185~~674.0402 IV-A ~~458~~781.9641 0.00 ~~106~~95,~~191~~614.9815 0.00 1715,~~935~~515,~~288~~869.8438 V-A ~~511~~677.8193 0.00 ~~118~~82,~~419~~953.5004 0.00 1814,~~036~~312,~~317~~853.1224 VI-A 1,~~055~~666.5214 0.00 ~~244~~203,~~220~~871.9358 0.00 4133,~~143~~337,~~056~~521.1101 VII-A ~~476~~651.6387 0.00 ~~110~~79,~~280~~763.0828 0.00 1610,~~937~~513,~~754~~836.7492 B-1 ~~145~~245.8765 0.00 3330,~~751~~058.5665 0.00 65,~~143~~524,~~732~~198.7925 B-2 97163.2576 0.00 2220,~~500~~038.3549 0.00 43,~~095~~682,~~696~~685.0974 B-3 59100.4309 0.00 1312,~~751~~246.1154 0.00 2,~~503~~250,~~088~~677.8920 B-4 2745.0249 0.00 65,~~250~~566.5868 0.00 1,~~137~~023,~~781~~047.4043 B-5 2745.0149 0.00 65,~~249~~565.7594 0.00 1,~~137~~022,~~630~~911.4772 B-6 2136.6240 0.00 54,~~001~~454.6641 0.00 ~~910~~818,~~443~~634.4526 Totals 46,~~046~~125.3317 0.00 ~~936~~749,~~215~~486.3310 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 32,948,000.00 6.~~70101~~69949% ~~289~~234.~~30991107~~13569200 1.~~61555815~~30715795 0.00000000 0.00000000 R-I 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 II-A 47,616,900.00 65.~~00191~~94436% ~~377~~304.~~44805290~~56885749 1.~~88783982~~50872232 0.00000000 0.00000000 III-A 168,187,400.00 5.~~77740~~69986% ~~157~~120.~~63192819~~36410962 0.~~75891856~~57171560 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~51802~~51731% ~~311~~281.~~44527407~~52801473 1.~~69167178~~52900339 0.00000000 0.00000000 V-A 79,630,600.00 6.~~45398~~45083% ~~277~~195.~~69630305~~36776691 1.~~49353766~~05023659 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~59877~~60414% ~~322~~269.~~34693003~~90186612 1.~~77257705~~48539106 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~72629~~74217% ~~378~~274.~~97430906~~50687158 21.~~12424213~~54231061 0.00000000 0.00000000 B-1 8,141,200.00 6.~~29203~~26876% ~~794~~712.~~08856434~~55062521 43.~~16368963~~72233946 0.00000000 0.00000000 B-2 5,427,300.00 6.~~29203~~26876% ~~794~~712.~~08856522~~55062554 43.~~16369097~~72233892 0.00000000 0.00000000 B-3 3,316,900.00 6.~~29203~~26876% ~~794~~712.~~08856462~~55062558 43.~~16368899~~72234014 0.00000000 0.00000000 B-4 1,507,700.00 6.~~29203~~26876% ~~794~~712.~~08856536~~55062678 43.~~16369304~~72233866 0.00000000 0.00000000 B-5 1,507,500.00 6.~~29203~~26876% ~~794~~712.~~08856385~~55062687 43.~~16368823~~72234163 0.00000000 0.00000000 B-6 1,206,450.00 6.~~29203~~26876% ~~794~~712.~~08811803~~55022587 43.~~16368685~~72233412 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.~~00695247~~01059609 0.00000000 1.~~60860568~~29656186 0.00000000 ~~277~~211.~~80213002~~18306574 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 0.~~00812422~~01223011 0.00000000 1.~~87971561~~49649221 0.00000000 ~~341~~292.~~99397420~~58258370 III-A 0.~~00326594~~00463447 0.00000000 0.~~75565268~~56708112 0.00000000 ~~142~~112.~~12232926~~48567978 IV-A 0.~~00727991~~01239454 0.00000000 1.~~68439187~~51660885 0.00000000 ~~284~~246.~~48527537~~10902074 V-A 0.~~00642730~~00851344 0.00000000 1.~~48711048~~04172316 0.00000000 ~~226~~179.~~49982695~~74061780 VI-A 0.~~00762809~~01204095 0.00000000 1.~~76494896~~47335011 0.00000000 ~~297~~240.~~33485273~~92539148 VII-A 0.~~00914146~~01250245 0.00000000 21.~~11510067~~52980817 0.00000000 ~~324~~201.~~85519089~~64859818 B-1 0.~~01791751~~03017368 0.00000000 43.~~14577212~~69216455 0.00000000 ~~754~~678.~~64707783~~54840196 B-2 0.~~01791867~~03017338 0.00000000 43.~~14577230~~69216553 0.00000000 ~~754~~678.~~64707866~~54840160 B-3 0.~~01791733~~03017577 0.00000000 43.~~14577165~~69216437 0.00000000 ~~754~~678.~~64707709~~54840363 B-4 0.~~01792134~~03017178 0.00000000 43.~~14577171~~69216688 0.00000000 ~~754~~678.~~64707833~~54840486 B-5 0.~~01791708~~03017579 0.00000000 43.~~14577114~~69216584 0.00000000 ~~754~~678.~~64707794~~54840464 B-6 0.~~01792034~~03017116 0.00000000 43.~~14576651~~69216296 0.00000000 ~~754~~678.~~64664926~~54802105 (6) Amount Does Not Include Excess Special Hazard, ~~Bankruptcy~~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 1815,~~497~~402,~~739~~927.9614 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4230,~~380~~077.1562 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1815,~~540~~433,~~120~~004.1176 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 3628,~~299~~065.9340 Payment of Interest and Principal 1815,~~503~~404,~~820~~939.1836 Total Withdrawals (Pool Distribution Amount) 1815,~~540~~433,~~120~~004.1176 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1718,~~840~~339.8973 Servicing Fee Support 1312,~~824~~211.5857 Non-Supported Prepayment/Curtailment Interest Shortfall 46,~~046~~125.3116

SERVICING FEES Gross Servicing Fee 5040,~~124~~276.5197 Supported Prepayment/Curtailment Interest Shortfall 1312,~~824~~211.5857 Net Servicing Fee 3628,~~299~~065.9340

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 01 0 0 01 0176,400.00 0.00 0.00 0176,400.00 30 Days 106 0 0 0 106 42,~~439~~640,~~976~~459.6287 0.00 0.00 0.00 42,~~439~~640,~~976~~459.6287 60 Days 20 10 0 0 30 ~~686,327~~0.0600 ~~176,400~~0.00 0.00 0.00 ~~862,727~~0.0600 90 Days 10 0 0 0 10 ~~341,558~~0.8000 0.00 0.00 0.00 ~~341,558~~0.8000 120 Days 01 0 0 0 01 0474,047.0006 0.00 0.00 0.00 0474,047.0006 150 Days 01 0 0 0 01 0341,558.0080 0.00 0.00 0.00 0341,558.0080 180+ Days 0 10 12 1 3 0.00 ~~468,000~~0.00 ~~360~~828,080.89 627,613.68 1,455,694.57 Totals 138 1 2 1 112 ~~17 5~~3,~~467~~456,~~862~~065.4873 ~~644~~176,400.00 ~~360~~828,080.89 627,613.68 75,~~099~~088,~~957~~160.0530 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~~284900% 0.000000% 0.000000% 0.~~000000~~284900% 0.~~000000~~137907% 0.000000% 0.000000% 0.~~000000~~137907% 30 Days 21.~~309469~~709402% 0.000000% 0.000000% 0.000000% 21.~~309469~~709402% 2.~~784683~~064273% 0.000000% 0.000000% 0.000000% 2.~~784683~~064273% 60 Days 0.~~461894~~000000% 0.~~230947~~000000% 0.000000% 0.000000% 0.~~692841~~000000% 0.~~430453~~000000% 0.~~110635~~000000% 0.000000% 0.000000% 0.~~541089~~000000% 90 Days 0.~~230947~~000000% 0.000000% 0.000000% 0.000000% 0.~~230947~~000000% 0.~~214220~~000000% 0.000000% 0.000000% 0.000000% 0.~~214220~~000000% 120 Days 0.~~000000~~284900% 0.000000% 0.000000% 0.000000% 0.~~000000~~284900% 0.~~000000~~370603% 0.000000% 0.000000% 0.000000% 0.~~000000~~370603% 150 Days 0.~~000000~~284900% 0.000000% 0.000000% 0.000000% 0.~~000000~~284900% 0.~~000000~~267026% 0.000000% 0.000000% 0.000000% 0.~~000000~~267026% 180+ Days 0.000000% 0.~~230947~~000000% 0.~~230947~~569801% 0.~~230947~~284900% 0.~~692841~~854701% 0.000000% 0.~~293522~~000000% 0.~~225837~~647381% 0.~~393629~~490659% 01.~~912989~~138041% Totals 32.~~002309~~279202% 0.~~461894~~284900% 0.~~230947~~569801% 0.~~230947~~284900% 3.~~926097~~418803% 32.~~429357~~701901% 0.~~404157~~137907% 0.~~225837~~647381% 0.~~393629~~490659% 43.~~452981~~977849%

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 10 0 0 0 10 ~~372,737~~0.2700 0.00 0.00 0.00 ~~372,737~~0.2700 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 1 1 0.00 0.00 0.00 627,613.68 627,613.68 Totals 10 0 0 1 21 ~~372,737~~0.2700 0.00 0.00 627,613.68 1627,~~000,350~~613.9568 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.000000% 0.000000% 0.000000% 0.000000% 40.000000% 30.~~695394~~000000% 0.000000% 0.000000% 0.000000% 30.~~695394~~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% 45.~~000000~~263158% 45.~~000000~~263158% 0.000000% 0.000000% 0.000000% 68.~~222291~~065503% 68.~~222291~~065503% Totals 40.000000% 0.000000% 0.000000% 45.~~000000~~263158% 85.~~000000~~263158% 30.~~695394~~000000% 0.000000% 0.000000% 68.~~222291~~065503% 98.~~917685~~065503% 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 12 0 0 0 12 ~~387~~1,~~702~~006,289.4001 0.00 0.00 0.00 ~~387~~1,~~702~~006,289.4001 60 Days 10 0 0 0 10 ~~474,047~~0.0600 0.00 0.00 0.00 ~~474,047~~0.0600 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0474,047.0006 0.00 0.00 0.00 0474,047.0006 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 360,080.89 0.00 360,080.89 Totals 23 0 1 0 34 ~~861~~1,~~749~~480,336.4607 0.00 360,080.89 0.00 1,~~221~~840,~~830~~416.3596 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 25.~~380952~~405405% 0.000000% 0.000000% 0.000000% 25.~~380952~~405405% 26.~~191217~~601332% 0.000000% 0.000000% 0.000000% 26.~~191217~~601332% 60 Days 20.~~380952~~000000% 0.000000% 0.000000% 0.000000% 20.~~380952~~000000% 20.~~679220~~000000% 0.000000% 0.000000% 0.000000% 20.~~679220~~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 02.~~000000~~702703% 0.000000% 0.000000% 0.000000% 02.~~000000~~702703% 03.~~000000~~109784% 0.000000% 0.000000% 0.000000% 03.~~000000~~109784% 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% 2.~~380952~~702703% 0.000000% 2.~~380952~~702703% 0.000000% 0.000000% 2.~~035105~~362158% 0.000000% 2.~~035105~~362158% Totals 48.~~761905~~108108% 0.000000% 2.~~380952~~702703% 0.000000% 710.~~142857~~810811% 49.~~870436~~711116% 0.000000% 2.~~035105~~362158% 0.000000% 612.~~905542~~073274% 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 31 0 0 0 3 1 329,~~668,526~~803.2055 0.00 0.00 0.00 1329,~~668,526~~803.2055 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 31 0 0 0 3 1 329,~~668,526~~803.2055 0.00 0.00 0.00 1329,~~668,526~~803.2055 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 41.~~615385~~886792% 0.000000% 0.000000% 0.000000% 41.~~615385~~886792% 51.~~818927~~420615% 0.000000% 0.000000% 0.000000% 51.~~818927~~420615% 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 41.~~615385~~886792% 0.000000% 0.000000% 0.000000% 41.~~615385~~886792% 51.~~818927~~420615% 0.000000% 0.000000% 0.000000% 51.~~818927~~420615% 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 01 0 0 01 0176,400.00 0.00 0.00 0176,400.00 30 Days 01 0 0 0 01 079,999.0099 0.00 0.00 0.00 079,999.0099 60 Days 10 10 0 0 20 ~~212,280~~0.00 ~~176,400~~0.00 0.00 0.00 ~~388,680~~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 1 0 0 2 ~~212~~79,~~280~~999.0099 176,400.00 0.00 0.00 ~~388~~256,~~680~~399.0099 0-29 Days 01.~~000000~~538462% 0.000000% 0.000000% 01.~~000000~~538462% 01.~~000000~~031020% 0.000000% 0.000000% 01.~~000000~~031020% 30 Days 01.~~000000~~538462% 0.000000% 0.000000% 0.000000% 01.~~000000~~538462% 0.~~000000~~467583% 0.000000% 0.000000% 0.000000% 0.~~000000~~467583% 60 Days 10.~~351351~~000000% 10.~~351351~~000000% 0.000000% 0.000000% 20.~~702703~~000000% 10.~~080821~~000000% 0.~~898139~~000000% 0.000000% 0.000000% 10.~~978960~~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 1.~~351351~~538462% 1.~~351351~~538462% 0.000000% 0.000000% 23.~~702703~~076923% 10.~~080821~~467583% 01.~~898139~~031020% 0.000000% 0.000000% 1.~~978960~~498603% 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 20 0 0 0 20 ~~667,673~~0.4300 0.00 0.00 0.00 ~~667,673~~0.4300 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 20 0 0 0 20 ~~667,673~~0.4300 0.00 0.00 0.00 ~~667,673~~0.4300 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.~~166667~~000000% 0.000000% 0.000000% 0.000000% 40.~~166667~~000000% 30.~~315208~~000000% 0.000000% 0.000000% 0.000000% 30.~~315208~~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 40.~~166667~~000000% 0.000000% 0.000000% 0.000000% 40.~~166667~~000000% 30.~~315208~~000000% 0.000000% 0.000000% 0.000000% 30.~~315208~~000000% 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 32 0 0 0 32 1,~~343~~224,~~337~~367.32 0.00 0.00 0.00 1,~~343~~224,~~337~~367.32 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~341,558~~0.8000 0.00 0.00 0.00 ~~341,558~~0.8000 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 0 0 01 0341,558.0080 0.00 0.00 0.00 0341,558.0080 180 Days 0 0 1 0 0 1 0.00 0.00 468,000.00 0.00 ~~0.00~~ 468,000.00 Totals 43 0 1 0 04 5 1,~~684~~565,~~896~~926.12 0.00 468,000.00 0.00 ~~0.00~~ 2,~~152~~033,~~896~~926.12 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~325581~~904762% 0.000000% 0.000000% 0.000000% 21.~~325581~~904762% 23.~~990199~~330543% 0.000000% 0.000000% 0.000000% 23.~~990199~~330543% 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.~~775194~~000000% 0.000000% 0.000000% 0.000000% 0.~~775194~~000000% 0.~~760292~~000000% 0.000000% 0.000000% 0.000000% 0.~~760292~~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~~952381% 0.000000% 0.000000% 0.000000% 0.~~000000~~952381% 0.~~000000~~929113% 0.000000% 0.000000% 0.000000% 0.~~000000~~929113% 180 Days 0.000000% 0.~~775194~~000000% 0.~~000000~~952381% 0.000000% 0.~~775194~~952381% 0.000000% 10.~~041744~~000000% 01.~~000000~~273061% 0.000000% 1.~~041744~~273061% Totals 32.~~100775~~857143% 0.~~775194~~000000% 0.~~000000~~952381% 0.000000% 3.~~875969~~809524% 34.~~750492~~259656% 10.~~041744~~000000% 01.~~000000~~273061% 0.000000% 45.~~792235~~532717% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 7 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4230,~~380~~077.1562

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% ~~150~~120,~~168~~852,~~667~~784.8180 94.~~25500416~~55597084% 5.~~744996~~444029% 95.~~530997~~046419% Class R-I 570,098,900.00 94.53640384% ~~150~~120,~~168~~852,~~667~~784.8180 94.~~25500416~~55597084% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% ~~150~~120,~~168~~852,~~667~~784.8180 94.~~25500416~~55597084% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% ~~133~~106,~~883~~920,~~974~~909.9417 8483.~~03373886~~65558466% 10.~~221265~~900386% 4.~~568975~~818596% Class 3A 354,294,550.00 58.75074072% ~~109~~88,~~980~~002,~~789~~235.9015 6968.~~03064375~~85349638% 1514.~~003095~~802088% 6.~~706486~~543372% Class B-1 12,965,850.00 2.15005648% 98,~~784~~797,~~640~~956.3035 6.~~14143633~~88357579% 34.~~856181~~322167% 1.~~723739~~910646% Class B-2 7,538,550.00 1.25007680% 5,~~688~~115,~~944~~270.2161 34.~~57072796~~00221956% 2.~~570708~~881356% 1.~~149124~~273725% Class B-3 4,221,650.00 0.70005329% 32,~~185~~864,~~855~~593.3241 12.~~99963688~~24127571% 1.~~571091~~760944% 0.~~702288~~778438% Class B-4 2,713,950.00 0.45003959% 21,~~048~~841,~~073~~545.9298 1.~~28549596~~44083703% 0.~~714141~~800439% 0.~~319226~~353840% Class B-5 1,206,450.00 0.20005905% ~~910~~818,~~443~~634.4526 0.~~57144977~~64050454% 0.~~714046~~800332% 0.~~319184~~353793% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~571450~~640505% 0.~~255442~~283140% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~718685~~703802% Weighted Average Net Coupon 6.~~378645~~364548% Weighted Average Pass-Through Rate 6.~~378645~~364548% Weighted Average Maturity(Stepdown Calculation ) ~~340~~338 Beginning Scheduled Collateral Loan Count ~~476~~392 Number Of Loans Paid In Full 4341 Ending Scheduled Collateral Loan Count ~~433~~351 Beginning Scheduled Collateral Balance ~~176~~142,~~889~~466,297.2671 Ending Scheduled Collateral Balance ~~159~~127,~~321~~810,~~692~~844.4144 Ending Actual Collateral Balance at 2830-~~Feb~~Apr-2003 ~~159~~127,~~442~~912,~~802~~362.9380 Monthly P &I Constant 1904,~~124,861~~548.7569 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1714,~~587~~614,~~489~~810.8936 Ending Scheduled Balance for Premium Loans ~~159~~127,~~321~~810,~~692~~844.4144 Scheduled Principal ~~134~~108,~~475~~660.5945 Unscheduled Principal 1714,~~433~~546,~~129~~792.2682

Miscellaneous Reporting Senior Percentage Group 1 9190.~~061994~~092839% Senior Prepayment Pct Group 1 95.~~530997~~046419% Subordinate Percentage Group 1 89.~~938006~~907161% Subordinate Prepayment Pct Group 1 47.~~469003~~953581% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 9291.~~503047~~678672% Senior Prepayment Pct Group 2 9695.~~251524~~839336% Subordinate Percentage Group 2 78.~~496953~~321328% Subordinate Prepayment Pct Group 2 34.~~748477~~160664% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 8482.~~229778~~132346% Senior Prepayment Pct Group 3 9291.~~114889~~066173% Subordinate Percentage Group 3 1517.~~770222~~867654% Subordinate Prepayment Pct Group 3 78.~~885111~~933827% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 91.~~725185~~311735% Senior Prepayment Pct Group 4 95.~~862593~~655867% Subordinate Percentage Group 4 8.~~274815~~688265% Subordinate Prepayment Pct Group 4 4.~~137408~~344133% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 9088.~~626909~~867601% Senior Prepayment Pct Group 5 9594.~~313455~~433801% Subordinate Percentage Group 5 911.~~373091~~132399% Subordinate Prepayment Pct Group 5 45.~~686546~~566200% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 91.~~949446~~225724% Senior Prepayment Pct Group 6 95.~~974723~~612862% Subordinate Percentage Group 6 8.~~050554~~774276% Subordinate Prepayment Pct Group 6 4.~~025277~~387138% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 9392.~~201971~~018457% Senior Prepayment Pct Group 7 96.~~600985~~009229% Subordinate Percentage Group 7 67.~~798029~~981543% Subordinate Prepayment Pct Group 7 3.~~399015~~990772% Avg. Loss Severity Group 7 0

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~076014~~074490 6.~~357226~~291021 65.~~027398~~949861 Weighted Average Net Rate 6.~~701013~~699490 65.~~001906~~944359 5.~~777397~~699861 Weighted Average Maturity 336 338 ~~340~~339 ~~341~~ Beginning Loan Count 2621 4738 7057 Loans Paid In Full 2 1 54 5 Ending Loan Count 2519 4237 6553 Beginning Scheduled Balance 108,~~467~~562,~~795~~614.0778 1915,~~429~~818,~~528~~973.8256 3124,~~475~~647,~~453~~690.1266 Ending scheduled Balance 107,~~070~~766,~~445~~537.9582 1715,~~674~~222,~~766~~698.1813 2823,~~640~~189,~~316~~502.8100 Record Date 0204/2830/2003 0204/2830/2003 0204/2830/2003 Principal And Interest Constant 7158,~~418~~545.9622 ~~123~~100,~~538~~169.9918 ~~196~~154,~~948~~266.2728 Scheduled Principal 98,~~693~~065.7411 2017,~~607~~237.4094 3832,~~852~~057.3866 Unscheduled Principal ~~387~~788,~~655~~011.3885 1579,~~734,155~~037.2449 21,~~796~~426,~~283~~131.9300 Scheduled Interest 6150,~~725~~480.2211 ~~102~~82,931.5924 ~~158~~122,~~095~~208.8962 Servicing Fees 32,~~271~~675.1982 54,~~753~~569.0886 65,~~557~~134.3994 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 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 5847,~~454~~804.0329 9778,~~178~~361.5138 ~~151~~117,~~538~~073.5068 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.~~701014~~699490 65.~~001906~~944360 5.~~777398~~699861

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~900554~~900588 6.~~746237~~744291 6.~~968102~~972538 Weighted Average Net Rate 6.~~518019~~517305 6.~~453976~~450828 6.~~598767~~604138 Weighted Average Maturity ~~341~~339 ~~340~~338 ~~340~~338 Beginning Loan Count 7973 5841 ~~139~~118 Loans Paid In Full 58 104 1013 Ending Loan Count 7465 4837 ~~129~~105 Beginning Scheduled Balance 2119,~~406~~437,~~306~~643.1610 2417,~~400~~506,~~173~~101.6660 4840,~~509~~939,~~315~~194.9886 Ending scheduled Balance 1917,~~632~~102,~~874~~882.2952 2016,~~121~~187,~~736~~330.6516 4436,~~902~~744,~~085~~716.0798 Record Date 0204/2830/2003 0204/2830/2003 0204/2830/2003 Principal And Interest Constant ~~132~~119,~~105~~962.0459 ~~161~~115,~~072~~756.6652 ~~307~~258,~~485~~490.9425 Scheduled Principal 98,~~008~~186.9062 2317,~~898~~367.2098 2520,~~804~~615.4017 Unscheduled Principal 12,~~764~~326,~~422~~573.9796 41,~~254~~301,~~538~~403.8146 34,~~581~~173,~~426~~862.5171 Scheduled Interest ~~123~~111,~~096~~775.1497 ~~137~~98,~~174~~388.4654 ~~281~~237,~~681~~875.5408 Servicing Fees 6,~~823~~208.8843 54,~~942~~281.6816 1412,~~930~~568.1332 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 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 ~~116~~105,~~272~~567.2654 ~~131~~94,~~231~~107.7838 ~~266~~225,~~751~~306.4176 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.~~518019~~517305 6.~~453976~~450828 6.~~598768~~604138

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~113794~~115459 6.~~718685~~703802 Weighted Average Net Rate 6.~~726289~~742173 6.~~378645~~364548 Weighted Average Maturity ~~340~~338.00 ~~340~~338.00 Record Date 0204/2830/2003 0204/2830/2003 Principal And Interest Constant ~~132~~97,~~291~~358.8965 1904,~~124,861~~548.7569 Beginning Loan Count 5744 ~~476~~392 Loans Paid In Full 79 4341 Ending Loan Count 5035 ~~433~~351 Beginning Scheduled Balance 2115,~~200~~554,~~724~~079.4515 ~~176~~142,~~889~~466,297.2671 Ending Scheduled Balance 1811,~~279~~597,~~467~~176.4683 ~~159~~127,~~321~~810,~~692~~844.4144 Scheduled Principal 65,~~610~~129.5797 ~~134~~108,~~475~~660.5945 Unscheduled Principal 23,~~914~~951,~~646~~772.4235 1714,~~433~~546,~~129~~792.2682 Scheduled Interest ~~125~~92,~~681~~228.3268 ~~990~~795,~~386~~888.1624 Servicing Fee 64,~~846~~838.1644 5040,~~124~~276.5197 Master Servicing Fee 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 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~118~~87,~~835~~390.1624 ~~940~~755,~~261~~611.6527 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.~~726289~~742173 6.~~378645~~364548

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-8