8-K 1 bst01008.txt JUNE 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): June 25, 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 June 25, 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 June 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 2001-8 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: 6/25/03 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 June 25, 2003 distribution.

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 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.~~69949~~69922% 76,~~714~~958,~~302~~059.7865 4238,~~719~~758.1211 ~~756~~325,~~243~~790.1477 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 5.~~94436~~92818% 1413,~~502~~931,~~624~~875.8363 7168,~~258~~672.3219 ~~570~~3,~~749~~257,861.2048 III-A 07384MFZ0 SEN 5.~~69986~~69240% 2018,~~243~~918,~~726~~674.6502 9589,~~375~~543.9091 1,~~325~~111,~~052~~268.6308 IV-A 07384MGA4 SEN 6.~~51731~~49736% 1715,~~748~~515,~~849~~869.2338 9583,~~614~~822.1595 21,~~232~~259,~~979~~423.8570 V-A 07384MGB2 SEN 6.~~45083~~44866% 1514,~~557~~312,~~252~~853.5024 8276,~~953~~744.0420 1948,~~244,399~~783.2534 VI-A 07384MGC0 SEN 6.~~60414~~60766% 3733,~~347~~337,~~076~~521.9401 ~~203~~183,~~871~~160.5812 43,~~009~~591,~~555~~265.9325 VII-A 07384MGD8 SEN 6.~~74217~~72750% 1410,~~312~~513,~~623~~836.5892 7958,~~763~~811.2891 31,~~798~~852,~~786~~699.6671 B-1 07384MGE6 SUB 6.~~26876~~25469% 5,~~801~~524,~~017~~198.1525 3028,~~058~~729.6531 ~~276~~257,~~818~~038.9043 B-2 07384MGF3 SUB 6.~~26876~~25469% 3,~~867~~682,~~226~~685.0174 2019,~~038~~152.4929 ~~184~~171,~~540~~353.2769 B-3 07384MGG1 SUB 6.~~26876~~25469% 2,~~363~~250,~~459~~677.1720 1211,~~246~~704.5494 ~~112~~104,~~781~~722.9799 B-4 07384MGH9 SUB 6.~~26876~~25469% 1,~~074~~023,~~312~~047.5843 5,~~566~~320.6849 5147,~~265~~601.1593 B-5 07384MGJ5 SUB 6.~~26876~~25469% 1,~~074~~022,~~170~~911.0772 5,~~565~~319.9479 5147,~~258~~595.3562 B-6 07384MGK2 SUB 6.~~26876~~25469% ~~859~~818,~~656~~634.2226 4,~~454~~257.41 4138,~~021~~090.9668 Totals ~~142~~127,~~466~~810,~~297~~844.7145 ~~749~~673,~~486~~997.1062 1413,~~655~~013,~~453~~495.2667

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 6,~~958~~632,~~059~~268.6588 ~~798~~364,~~962~~548.2688 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 1310,~~931~~674,~~875~~014.6315 ~~642~~3,~~007~~326,533.5267 0.00 III-A 0.00 1817,~~918~~807,~~674~~405.0294 1,~~420~~200,~~428~~811.5399 0.00 IV-A 0.00 1514,~~515~~256,~~869~~445.3868 21,~~328~~343,~~594~~246.0065 0.00 V-A 0.00 1413,~~312~~364,~~853~~069.2490 1,~~327~~025,~~352~~527.2954 0.00 VI-A 0.00 3329,~~337~~746,~~521~~255.0176 43,~~213~~774,~~427~~425.5137 0.00 VII-A 0.00 108,~~513~~661,~~836~~137.9221 31,~~878~~911,~~549~~511.9462 0.00 B-1 0.00 5,~~524~~267,~~198~~159.2582 ~~306~~285,~~877~~767.5574 0.00 B-2 0.00 3,~~682~~511,~~685~~332.7405 ~~204~~190,~~578~~505.7698 0.00 B-3 0.00 2,~~250~~145,~~677~~954.2021 ~~125~~116,~~028~~427.5193 0.00 B-4 0.00 1975,~~023,047~~445.4349 5652,~~831~~922.8342 0.00 B-5 0.00 1975,~~022,911~~316.7210 5652,~~824~~915.2941 0.00 B-6 0.00 ~~818~~780,~~634~~543.2658 4542,~~476~~348.3709 0.00 Totals 0.00 ~~127~~114,~~810~~797,~~844~~348.4577 1513,~~404~~687,~~939~~493.3629 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 76,~~714~~958,~~302~~059.7865 76,~~266~~563.0969 ~~748~~319,~~977~~227.0507 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 1413,~~502~~931,~~624~~875.8363 15,~~803~~347.5104 ~~554~~3,~~945~~242,514.6944 0.00 0.00 III-A 168,187,400.00 2018,~~243~~918,~~726~~674.6502 2624,~~329~~328.7153 1,~~298~~086,~~722~~939.9255 0.00 0.00 IV-A 63,044,700.00 1715,~~748~~515,~~849~~869.2338 76,~~475~~945.3410 21,~~225~~252,~~504~~478.5060 0.00 0.00 V-A 79,630,600.00 1514,~~557~~312,~~252~~853.5024 1514,~~434~~319.5184 1934,~~228,964~~463.7550 0.00 0.00 VI-A 138,372,800.00 3733,~~347~~337,~~076~~521.9401 1816,~~806~~629.3484 3,~~990~~574,~~749~~635.5941 0.00 0.00 VII-A 52,139,400.00 1410,~~312~~513,~~623~~836.5892 43,~~720~~292.5275 31,~~794~~849,~~066~~406.1596 0.00 0.00 B-1 8,141,200.00 5,~~801~~524,~~017~~198.1525 4,~~946~~744.5175 ~~271~~252,~~872~~293.3968 0.00 0.00 B-2 5,427,300.00 3,~~867~~682,~~226~~685.0174 3,~~297~~163.5707 ~~181~~168,~~242~~190.6962 0.00 0.00 B-3 3,316,900.00 2,~~363~~250,~~459~~677.1720 21,~~015~~933.3211 ~~110~~102,~~766~~789.6687 0.00 0.00 B-4 1,507,700.00 1,~~074~~023,~~312~~047.5843 ~~916~~878.0670 5046,~~349~~723.0923 0.00 0.00 B-5 1,507,500.00 1,~~074~~022,~~170~~911.0772 ~~915~~878.9458 5046,~~342~~717.4103 0.00 0.00 B-6 1,206,450.00 ~~859~~818,~~656~~634.2226 ~~733~~703.0313 4037,~~288~~387.9355 0.00 0.00 Totals 603,046,950.00 ~~142~~127,~~466~~810,~~297~~844.7145 ~~108~~99,~~660~~728.4513 1412,~~546~~913,~~792~~767.8251 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 ~~756~~325,~~243~~790.1477 6,~~958~~632,~~059~~268.6588 0.~~21118307~~20129504 ~~756~~325,~~243~~790.1477 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A ~~570~~3,~~749~~257,861.2048 1310,~~931~~674,~~875~~014.6315 0.~~29258258~~22416441 ~~570~~3,~~749~~257,861.2048 III-A 1,~~325~~111,~~052~~268.6308 1817,~~918~~807,~~674~~405.0294 0.~~11248568~~10587836 1,~~325~~111,~~052~~268.6308 IV-A 21,~~232~~259,~~979~~423.8570 1514,~~515~~256,~~869~~445.3868 0.~~24610902~~22613234 21,~~232~~259,~~979~~423.8570 V-A 1948,~~244,399~~783.2534 1413,~~312~~364,~~853~~069.2490 0.~~17974062~~16782581 1948,~~244,399~~783.2534 VI-A 43,~~009~~591,~~555~~265.9325 3329,~~337~~746,~~521~~255.0176 0.~~24092539~~21497184 43,~~009~~591,~~555~~265.9325 VII-A 31,~~798~~852,~~786~~699.6671 108,~~513~~661,~~836~~137.9221 0.~~20164860~~16611501 31,~~798~~852,~~786~~699.6671 B-1 ~~276~~257,~~818~~038.9043 5,~~524~~267,~~198~~159.2582 0.~~67854840~~64697585 ~~276~~257,~~818~~038.9043 B-2 ~~184~~171,~~540~~353.2769 3,~~682~~511,~~685~~332.7405 0.~~67854840~~64697585 ~~184~~171,~~540~~353.2769 B-3 ~~112~~104,~~781~~722.9799 2,~~250~~145,~~677~~954.2021 0.~~67854840~~64697585 ~~112~~104,~~781~~722.9799 B-4 5147,~~265~~601.1593 1975,~~023,047~~445.4349 0.~~67854840~~64697585 5147,~~265~~601.1593 B-5 5147,~~258~~595.3562 1975,~~022,911~~316.7210 0.~~67854840~~64697585 5147,~~258~~595.3562 B-6 4138,~~021~~090.9668 ~~818~~780,~~634~~543.2658 0.~~67854802~~64697549 4138,~~021~~090.9668 Totals 1413,~~655~~013,~~453~~495.2667 ~~127~~114,~~810~~797,~~844~~348.4577 0.~~21194178~~19036221 1413,~~655~~013,~~453~~495.2667

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 ~~234~~211.~~13569200~~18306574 0.~~22053205~~19921361 229.~~73209451~~68881480 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 ~~304~~292.~~56885749~~58258370 0.~~33188868~~32230238 1168.~~65438510~~09587436 0.00000000 III-A 168,187,400.00 ~~120~~112.~~36410962~~48567978 0.~~15654984~~14465132 76.~~72188000~~46266932 0.00000000 IV-A 63,044,700.00 ~~281~~246.~~52801473~~10902074 0.~~11857206~~11016152 3519.~~30042176~~86651693 0.00000000 V-A 79,630,600.00 ~~195~~179.~~36776691~~74061780 0.~~19382637~~17982836 1511.~~43332274~~73498002 0.00000000 VI-A 138,372,800.00 ~~269~~240.~~90186612~~92539148 0.~~13591067~~12018142 2825.~~84056397~~83336761 0.00000000 VII-A 52,139,400.00 ~~274~~201.~~50687158~~64859818 0.~~09053652~~06315282 7235.~~76773707~~47043042 0.00000000 B-1 8,141,200.00 ~~712~~678.~~55062521~~54840196 0.~~60758979~~58280720 3330.~~39463347~~98974107 0.00000000 B-2 5,427,300.00 ~~712~~678.~~55062554~~54840160 0.~~60758941~~58280729 3330.~~39463269~~98974076 0.00000000 B-3 3,316,900.00 ~~712~~678.~~55062558~~54840363 0.~~60759143~~58280623 3330.~~39463354~~98974042 0.00000000 B-4 1,507,700.00 ~~712~~678.~~55062678~~54840486 0.~~60758772~~58280825 3330.~~39463421~~98973934 0.00000000 B-5 1,507,500.00 ~~712~~678.~~55062687~~54840464 0.~~60758872~~58280597 3330.~~39463350~~98973798 0.00000000 B-6 1,206,450.00 ~~712~~678.~~55022587~~54802105 0.~~60759252~~58280907 3330.~~39461229~~98972191 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 229.~~95262656~~88802871 ~~211~~201.~~18306574~~29503703 0.~~21118307~~20129504 229.~~95262656~~88802871 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 1168.~~98627378~~41817674 ~~292~~224.~~58258370~~16440696 0.~~29258258~~22416441 1168.~~98627378~~41817674 III-A 0.00000000 76.~~87842983~~60732064 ~~112~~105.~~48567978~~87835914 0.~~11248568~~10587836 76.~~87842983~~60732064 IV-A 0.00000000 3519.~~41899398~~97667845 ~~246~~226.~~10902074~~13234229 0.~~24610902~~22613234 3519.~~41899398~~97667845 V-A 0.00000000 1511.~~62714899~~91480838 ~~179~~167.~~74061780~~82580943 0.~~17974062~~16782581 1511.~~62714899~~91480838 VI-A 0.00000000 2825.~~97647464~~95354904 ~~240~~214.~~92539148~~97184244 0.~~24092539~~21497184 2825.~~97647464~~95354904 VII-A 0.00000000 7235.~~85827340~~53358324 ~~201~~166.~~64859818~~11501494 0.~~20164860~~16611501 7235.~~85827340~~53358324 B-1 0.00000000 3431.~~00222326~~57254827 ~~678~~646.~~54840196~~97585368 0.~~67854840~~64697585 3431.~~00222326~~57254827 B-2 0.00000000 3431.~~00222394~~57254804 ~~678~~646.~~54840160~~97585356 0.~~67854840~~64697585 3431.~~00222394~~57254804 B-3 0.00000000 3431.~~00222195~~57254967 ~~678~~646.~~54840363~~97585396 0.~~67854840~~64697585 3431.~~00222195~~57254967 B-4 0.00000000 3431.~~00222193~~57254759 ~~678~~646.~~54840486~~97585063 0.~~67854840~~64697585 3431.~~00222193~~57254759 B-5 0.00000000 3431.~~00222222~~57255058 ~~678~~646.~~54840464~~97585406 0.~~67854840~~64697585 3431.~~00222222~~57255058 B-6 0.00000000 3431.~~00220482~~57253098 ~~678~~646.~~54802105~~97549007 0.~~67854802~~64697549 3431.~~00220482~~57253098 (3) 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.

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.~~69949~~69922% 76,~~714~~958,~~302~~059.7865 4338,~~068~~844.2465 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 5.~~94436~~92818% 1413,~~502~~931,~~624~~875.8363 7168,~~840~~825.6852 0.00 0.00 III-A 168,187,400.00 5.~~69986~~69240% 2018,~~243~~918,~~726~~674.6502 9689,~~155~~743.3683 0.00 0.00 IV-A 63,044,700.00 6.~~51731~~49736% 1715,~~748~~515,~~849~~869.2338 9684,~~395~~010.5610 0.00 0.00 V-A 79,630,600.00 6.~~45083~~44866% 1514,~~557~~312,~~252~~853.5024 8376,~~630~~915.9755 0.00 0.00 VI-A 138,372,800.00 6.~~60414~~60766% 3733,~~347~~337,~~076~~521.9401 ~~205~~183,~~537~~569.7206 0.00 0.00 VII-A 52,139,400.00 6.~~74217~~72750% 1410,~~312~~513,~~623~~836.5892 8058,~~415~~943.1522 0.00 0.00 B-1 8,141,200.00 6.~~26876~~25469% 5,~~801~~524,~~017~~198.1525 3028,~~304~~793.3146 0.00 0.00 B-2 5,427,300.00 6.~~26876~~25469% 3,~~867~~682,~~226~~685.0174 2019,~~202~~195.2505 0.00 0.00 B-3 3,316,900.00 6.~~26876~~25469% 2,~~363~~250,~~459~~677.1720 1211,~~346~~731.6307 0.00 0.00 B-4 1,507,700.00 6.~~26876~~25469% 1,~~074~~023,~~312~~047.5843 5,~~612~~332.1737 0.00 0.00 B-5 1,507,500.00 6.~~26876~~25469% 1,~~074~~022,~~170~~911.0772 5,~~611~~331.4366 0.00 0.00 B-6 1,206,450.00 6.~~26876~~25469% ~~859~~818,~~656~~634.2226 4,~~490~~266.8192 0.00 0.00 Totals 603,046,950.00 ~~755~~675,~~611~~502.2846 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 ~~349~~86.1254 0.00 4238,~~719~~758.1211 0.00 6,~~958~~632,~~059~~268.6588 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 ~~582~~153.3632 0.00 7168,~~258~~672.3219 0.00 1310,~~931~~674,~~875~~014.6315 III-A ~~779~~199.4692 0.00 9589,~~375~~543.9091 0.00 1817,~~918~~807,~~674~~405.0294 IV-A ~~781~~187.4115 0.00 9583,~~614~~822.1595 0.00 1514,~~515~~256,~~869~~445.3868 V-A ~~677~~171.9335 0.00 8276,~~953~~744.0420 0.00 1413,~~312~~364,~~853~~069.2490 VI-A ~~1,666~~408.1494 0.00 ~~203~~183,~~871~~160.5812 0.00 3329,~~337~~746,~~521~~255.0176 VII-A ~~651~~131.8731 0.00 7958,~~763~~811.2891 0.00 108,~~513~~661,~~836~~137.9221 B-1 ~~245~~64.6514 0.00 3028,~~058~~729.6531 0.00 5,~~524~~267,~~198~~159.2582 B-2 ~~163~~42.76 0.00 2019,~~038~~152.4929 0.00 3,~~682~~511,~~685~~332.7405 B-3 ~~100~~26.0913 0.00 1211,~~246~~704.5494 0.00 2,~~250~~145,~~677~~954.2021 B-4 4511.4988 0.00 5,~~566~~320.6849 0.00 1975,~~023,047~~445.4349 B-5 4511.4988 0.00 5,~~565~~319.9479 0.00 1975,~~022,911~~316.7210 B-6 369.4051 0.00 4,~~454~~257.41 0.00 ~~818~~780,~~634~~543.2658 Totals 61,~~125~~504.1783 0.00 ~~749~~673,~~486~~997.1062 0.00 (4) 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.

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.~~69949~~69922% ~~234~~211.~~13569200~~18306574 1.~~30715795~~17896837 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 5.~~94436~~92818% ~~304~~292.~~56885749~~58258370 1.~~50872232~~44540111 0.00000000 0.00000000 III-A 168,187,400.00 5.~~69986~~69240% ~~120~~112.~~36410962~~48567978 0.~~57171560~~53359425 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~51731~~49736% ~~281~~246.~~52801473~~10902074 1.~~52900339~~33254818 0.00000000 0.00000000 V-A 79,630,600.00 6.~~45083~~44866% ~~195~~179.~~36776691~~74061780 10.~~05023659~~96590444 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~60414~~60766% ~~269~~240.~~90186612~~92539148 1.~~48539106~~32662676 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~74217~~72750% ~~274~~201.~~50687158~~64859818 1.~~54231061~~13049287 0.00000000 0.00000000 B-1 8,141,200.00 6.~~26876~~25469% ~~712~~678.~~55062521~~54840196 3.~~72233946~~53675871 0.00000000 0.00000000 B-2 5,427,300.00 6.~~26876~~25469% ~~712~~678.~~55062554~~54840160 3.~~72233892~~53675861 0.00000000 0.00000000 B-3 3,316,900.00 6.~~26876~~25469% ~~712~~678.~~55062558~~54840363 3.~~72234014~~53675721 0.00000000 0.00000000 B-4 1,507,700.00 6.~~26876~~25469% ~~712~~678.~~55062678~~54840486 3.~~72233866~~53675798 0.00000000 0.00000000 B-5 1,507,500.00 6.~~26876~~25469% ~~712~~678.~~55062687~~54840464 3.~~72234163~~53675622 0.00000000 0.00000000 B-6 1,206,450.00 6.~~26876~~25469% ~~712~~678.~~55022587~~54802105 3.~~72233412~~53675660 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.~~01059609~~00262656 0.00000000 1.~~29656186~~17634181 0.00000000 ~~211~~201.~~18306574~~29503703 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.~~01223011~~00321987 0.00000000 1.~~49649221~~44218103 0.00000000 ~~292~~224.~~58258370~~16440696 III-A 0.~~00463447~~00118867 0.00000000 0.~~56708112~~53240558 0.00000000 ~~112~~105.~~48567978~~87835914 IV-A 0.~~01239454~~00296853 0.00000000 1.~~51660885~~32957965 0.00000000 ~~246~~226.~~10902074~~13234229 V-A 0.~~00851344~~00215181 0.00000000 10.~~04172316~~96375263 0.00000000 ~~179~~167.~~74061780~~82580943 VI-A 0.~~01204095~~00295535 0.00000000 1.~~47335011~~32367142 0.00000000 ~~240~~214.~~92539148~~97184244 VII-A 0.~~01250245~~00251844 0.00000000 1.~~52980817~~12797443 0.00000000 ~~201~~166.~~64859818~~11501494 B-1 0.~~03017368~~00787845 0.00000000 3.~~69216455~~52887904 0.00000000 ~~678~~646.~~54840196~~97585368 B-2 0.~~03017338~~00787869 0.00000000 3.~~69216553~~52887992 0.00000000 ~~678~~646.~~54840160~~97585356 B-3 0.~~03017577~~00787784 0.00000000 3.~~69216437~~52887938 0.00000000 ~~678~~646.~~54840363~~97585396 B-4 0.~~03017178~~00787955 0.00000000 3.~~69216688~~52887842 0.00000000 ~~678~~646.~~54840486~~97585063 B-5 0.~~03017579~~00788060 0.00000000 3.~~69216584~~52888226 0.00000000 ~~678~~646.~~54840464~~97585406 B-6 0.~~03017116~~00788263 0.00000000 3.~~69216296~~52887397 0.00000000 ~~678~~646.~~54802105~~97549007 (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 1513,~~402~~709,~~927~~898.1465 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3031,~~077~~949.6209 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1513,~~433~~741,~~004~~847.7674 Withdrawals Reimbursement for Servicer Advances 030,077.0062 Payment of Service Fee 2824,~~065~~276.4083 Payment of Interest and Principal 1513,~~404~~687,~~939~~493.3629 Total Withdrawals (Pool Distribution Amount) 1513,~~433~~741,~~004~~847.7674 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1813,~~339~~178.7345 Servicing Fee Support 1211,~~211~~673.5763 Non-Supported Prepayment/Curtailment Interest Shortfall 61,~~125~~504.1682

SERVICING FEES Gross Servicing Fee 4035,~~276~~950.9746 Supported Prepayment/Curtailment Interest Shortfall 1211,~~211~~673.5763 Net Servicing Fee 2824,~~065~~276.4083

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 1 0 0 1 176,400.00 0.00 0.00 176,400.00 30 Days 69 0 0 0 69 2,~~640~~410,~~459~~307.8796 0.00 0.00 0.00 2,~~640~~410,~~459~~307.8796 60 Days 02 0 0 0 02 01,383,531.0065 0.00 0.00 0.00 01,383,531.0065 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 10 0 0 0 10 ~~474,047~~0.0600 0.00 0.00 0.00 ~~474,047~~0.0600 150 Days 10 0 0 0 10 ~~341,558~~0.8000 0.00 0.00 0.00 ~~341,558~~0.8000 180+ Days 0 0 2 1 3 0.00 0.00 828,080.89 627,613.68 1,455,694.57 Totals 811 1 2 1 1215 3,~~456~~793,~~065~~839.7361 176,400.00 828,080.89 627,613.68 5,~~088~~425,~~160~~934.3018 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.~~284900~~316456% 0.000000% 0.000000% 0.~~284900~~316456% 0.~~137907~~153541% 0.000000% 0.000000% 0.~~137907~~153541% 30 Days 12.~~709402~~848101% 0.000000% 0.000000% 0.000000% 12.~~709402~~848101% 2.~~064273~~097971% 0.000000% 0.000000% 0.000000% 2.~~064273~~097971% 60 Days 0.~~000000~~632911% 0.000000% 0.000000% 0.000000% 0.~~000000~~632911% 01.~~000000~~204248% 0.000000% 0.000000% 0.000000% 01.~~000000~~204248% 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.~~284900~~000000% 0.000000% 0.000000% 0.000000% 0.~~284900~~000000% 0.~~370603~~000000% 0.000000% 0.000000% 0.000000% 0.~~370603~~000000% 150 Days 0.~~284900~~000000% 0.000000% 0.000000% 0.000000% 0.~~284900~~000000% 0.~~267026~~000000% 0.000000% 0.000000% 0.000000% 0.~~267026~~000000% 180+ Days 0.000000% 0.000000% 0.~~569801~~632911% 0.~~284900~~316456% 0.~~854701~~949367% 0.000000% 0.000000% 0.~~647381~~720775% 0.~~490659~~546285% 1.~~138041~~267060% Totals 23.~~279202~~481013% 0.~~284900~~316456% 0.~~569801~~632911% 0.~~284900~~316456% 34.~~418803~~746835% 23.~~701901~~302219% 0.~~137907~~153541% 0.~~647381~~720775% 0.~~490659~~546285% 34.~~977849~~722820%

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 1 1 0.00 0.00 0.00 627,613.68 627,613.68 Totals 0 0 0 1 1 0.00 0.00 0.00 627,613.68 627,613.68 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% 5.~~263158~~555556% 5.~~263158~~555556% 0.000000% 0.000000% 0.000000% 8.~~065503~~438392% 8.~~065503~~438392% Totals 0.000000% 0.000000% 0.000000% 5.~~263158~~555556% 5.~~263158~~555556% 0.000000% 0.000000% 0.000000% 8.~~065503~~438392% 8.~~065503~~438392% 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 20 0 0 0 20 ~~1,006,289~~0.0100 0.00 0.00 0.00 ~~1,006,289~~0.0100 60 Days 01 0 0 0 01 0386,954.0024 0.00 0.00 0.00 0386,954.0024 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 10 0 0 0 10 ~~474,047~~0.0600 0.00 0.00 0.00 ~~474,047~~0.0600 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 31 0 1 0 42 1386,~~480,336~~954.0724 0.00 360,080.89 0.00 1747,~~840,416~~035.9613 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 50.~~405405~~000000% 0.000000% 0.000000% 0.000000% 50.~~405405~~000000% 60.~~601332~~000000% 0.000000% 0.000000% 0.000000% 60.~~601332~~000000% 60 Days 03.~~000000~~333333% 0.000000% 0.000000% 0.000000% 03.~~000000~~333333% 03.~~000000~~269461% 0.000000% 0.000000% 0.000000% 03.~~000000~~269461% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 20.~~702703~~000000% 0.000000% 0.000000% 0.000000% 20.~~702703~~000000% 30.~~109784~~000000% 0.000000% 0.000000% 0.000000% 30.~~109784~~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% 23.~~702703~~333333% 0.000000% 23.~~702703~~333333% 0.000000% 0.000000% 23.~~362158~~042402% 0.000000% 23.~~362158~~042402% Totals 83.~~108108~~333333% 0.000000% 23.~~702703~~333333% 0.000000% 106.~~810811~~666667% 93.~~711116~~269461% 0.000000% 23.~~362158~~042402% 0.000000% 126.~~073274~~311863% 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 1 0 0 0 1 ~~329~~382,~~803~~799.5549 0.00 0.00 0.00 ~~329~~382,~~803~~799.5549 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 ~~329~~382,~~803~~799.5549 0.00 0.00 0.00 ~~329~~382,~~803~~799.5549 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~886792~~040816% 0.000000% 0.000000% 0.000000% 12.~~886792~~040816% 1.~~420615~~741200% 0.000000% 0.000000% 0.000000% 1.~~420615~~741200% 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 12.~~886792~~040816% 0.000000% 0.000000% 0.000000% 12.~~886792~~040816% 1.~~420615~~741200% 0.000000% 0.000000% 0.000000% 1.~~420615~~741200% 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 1 0 0 1 176,400.00 0.00 0.00 176,400.00 30 Days 12 0 0 0 12 79292,~~999~~269.99 0.00 0.00 0.00 79292,~~999~~269.99 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 1 0 0 23 79292,~~999~~269.99 176,400.00 0.00 0.00 ~~256~~468,~~399~~669.99 0-29 Days 1.~~538462~~666667% 0.000000% 0.000000% 1.~~538462~~666667% 1.~~031020~~117320% 0.000000% 0.000000% 1.~~031020~~117320% 30 Days 13.~~538462~~333333% 0.000000% 0.000000% 0.000000% 13.~~538462~~333333% 01.~~467583~~851242% 0.000000% 0.000000% 0.000000% 01.~~467583~~851242% 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 13.~~538462~~333333% 1.~~538462~~666667% 0.000000% 0.000000% 35.~~076923~~000000% 01.~~467583~~851242% 1.~~031020~~117320% 0.000000% 0.000000% 12.~~498603~~968562% 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 02 0 0 0 02 0926,788.0087 0.00 0.00 0.00 0926,788.0087 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 02 0 0 0 02 0926,788.0087 0.00 0.00 0.00 0926,788.0087 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 05.~~000000~~714286% 0.000000% 0.000000% 0.000000% 05.~~000000~~714286% 06.~~000000~~099883% 0.000000% 0.000000% 0.000000% 06.~~000000~~099883% 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 05.~~000000~~714286% 0.000000% 0.000000% 0.000000% 05.~~000000~~714286% 06.~~000000~~099883% 0.000000% 0.000000% 0.000000% 06.~~000000~~099883% 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 24 0 0 0 24 1808,~~224,367~~449.3261 0.00 0.00 0.00 1808,~~224,367~~449.3261 60 Days 01 0 0 0 01 0996,577.0041 0.00 0.00 0.00 0996,577.0041 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 10 0 0 0 10 ~~341,558~~0.8000 0.00 0.00 0.00 ~~341,558~~0.8000 180 Days 0 0 1 0 1 0.00 0.00 468,000.00 0.00 468,000.00 Totals 35 0 1 0 46 1,~~565~~805,~~926~~027.1202 0.00 468,000.00 0.00 2,~~033~~273,~~926~~027.1202 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~904762~~255319% 0.000000% 0.000000% 0.000000% 14.~~904762~~255319% 32.~~330543~~450431% 0.000000% 0.000000% 0.000000% 32.~~330543~~450431% 60 Days 01.~~000000~~063830% 0.000000% 0.000000% 0.000000% 01.~~000000~~063830% 03.~~000000~~020651% 0.000000% 0.000000% 0.000000% 03.~~000000~~020651% 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.~~952381~~000000% 0.000000% 0.000000% 0.000000% 0.~~952381~~000000% 0.~~929113~~000000% 0.000000% 0.000000% 0.000000% 0.~~929113~~000000% 180 Days 0.000000% 0.000000% 01.~~952381~~063830% 0.000000% 01.~~952381~~063830% 0.000000% 0.000000% 1.~~273061~~418520% 0.000000% 1.~~273061~~418520% Totals 25.~~857143~~319149% 0.000000% 01.~~952381~~063830% 0.000000% 36.~~809524~~382979% 45.~~259656~~471083% 0.000000% 1.~~273061~~418520% 0.000000% 56.~~532717~~889602% 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 3031,~~077~~949.6209

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% ~~120~~108,~~852~~165,~~784~~079.8089 94.~~55597084~~22262888% 5.~~444029~~777371% 9594.~~046419~~795119% Class R-I 570,098,900.00 94.53640384% ~~120~~108,~~852~~165,~~784~~079.8089 94.~~55597084~~22262888% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% ~~120~~108,~~852~~165,~~784~~079.8089 94.~~55597084~~22262888% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% ~~106~~97,~~920~~491,~~909~~065.1774 8384.~~65558466~~92449241% 109.~~900386~~298136% 4.~~818596~~068394% Class 3A 354,294,550.00 58.75074072% 8879,~~002~~683,~~235~~659.1580 6869.~~85349638~~41245652% 1415.~~802088~~512036% 6.~~543372~~787282% Class B-1 12,965,850.00 2.15005648% 8,~~797~~388,~~956~~591.3543 67.~~88357579~~30730415% 4.~~322167~~588224% 12.~~910646~~007575% Class B-2 7,538,550.00 1.25007680% 54,~~115~~877,~~270~~259.6138 4.~~00221956~~24858190% 23.~~881356~~058722% 1.~~273725~~338342% Class B-3 4,221,650.00 0.70005329% 2,~~864~~731,~~593~~305.4117 2.~~24127571~~37924064% 1.~~760944~~869341% 0.~~778438~~817929% Class B-4 2,713,950.00 0.45003959% 1,~~841~~755,~~545~~859.9868 1.~~44083703~~52952982% 0.~~800439~~849711% 0.~~353840~~371790% Class B-5 1,206,450.00 0.20005905% ~~818~~780,~~634~~543.2658 0.~~64050454~~67993171% 0.~~800332~~849598% 0.~~353793~~371741% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~640505~~679932% 0.~~283140~~297504% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~703802~~679742% Weighted Average Net Coupon 6.~~364548~~342208% Weighted Average Pass-Through Rate 6.~~364548~~342208% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count ~~392~~351 Number Of Loans Paid In Full 4135 Ending Scheduled Collateral Loan Count ~~351~~316 Beginning Scheduled Collateral Balance ~~142~~127,~~466~~810,~~297~~844.7144 Ending Scheduled Collateral Balance ~~127~~114,~~810~~797,~~844~~348.4477 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 ~~127~~114,~~912~~887,~~362~~591.8022 Monthly P &I Constant ~~904~~811,~~548~~181.6905 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1412,~~614~~947,~~810~~944.3625 Ending Scheduled Balance for Premium Loans ~~127~~114,~~810~~797,~~844~~348.4477 Scheduled Principal ~~108~~99,~~660~~728.4514 Unscheduled Principal 1412,~~546~~913,~~792~~767.8253

Miscellaneous Reporting Senior Percentage Group 1 9089.~~092839~~590237% Senior Prepayment Pct Group 1 9594.~~046419~~795119% Subordinate Percentage Group 1 910.~~907161~~409763% Subordinate Prepayment Pct Group 1 75.~~953581~~204881% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 91.~~678672~~520409% Senior Prepayment Pct Group 2 95.~~839336~~760205% Subordinate Percentage Group 2 8.~~321328~~479591% Subordinate Prepayment Pct Group 2 4.~~160664~~239795% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 8281.~~132346~~582925% Senior Prepayment Pct Group 3 9190.~~066173~~791462% Subordinate Percentage Group 3 1718.~~867654~~417075% Subordinate Prepayment Pct Group 3 89.~~933827~~208538% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 9190.~~311735~~720786% Senior Prepayment Pct Group 4 95.~~655867~~360393% Subordinate Percentage Group 4 89.~~688265~~279214% Subordinate Prepayment Pct Group 4 4.~~344133~~639607% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 88.~~867601~~420098% Senior Prepayment Pct Group 5 94.~~433801~~210049% Subordinate Percentage Group 5 11.~~132399~~579902% Subordinate Prepayment Pct Group 5 5.~~566200~~789951% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 9190.~~225724~~727385% Senior Prepayment Pct Group 6 95.~~612862~~363692% Subordinate Percentage Group 6 89.~~774276~~272615% Subordinate Prepayment Pct Group 6 4.~~387138~~636308% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 9290.~~018457~~658589% Senior Prepayment Pct Group 7 9695.~~009229~~329295% Subordinate Percentage Group 7 79.~~981543~~341411% Subordinate Prepayment Pct Group 7 34.~~990772~~670706% 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.~~074490~~074221 6.~~291021~~273771 5.~~949861~~942397 Weighted Average Net Rate 6.~~699490~~699221 5.~~944359~~928177 5.~~699861~~692396 Pass-Through Rate 6.699221 5.928177 5.692397 Weighted Average Maturity ~~336~~335 337 338 ~~339~~ Beginning Loan Count 2119 3837 5753 Loans Paid In Full 2 1 7 4 Ending Loan Count 1918 3730 5349 Beginning Scheduled Balance 87,~~562~~766,~~614~~537.7882 15,~~818~~222,~~973~~698.5613 2423,~~647~~189,~~690~~502.6600 Ending scheduled Balance 7,~~766~~422,~~537~~456.8271 1511,~~222~~819,~~698~~851.1396 2321,~~189~~962,~~502~~498.0083 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 5853,~~545~~111.2252 ~~100~~96,~~169~~355.1842 ~~154~~144,~~266~~654.2897 Scheduled Principal 87,~~065~~326.1135 1716,~~237~~768.9498 3229,~~057~~820.6662 Unscheduled Principal ~~788~~336,~~011~~754.8576 ~~579~~3,~~037~~386,077.4919 1,~~426~~197,~~131~~182.0055 Scheduled Interest 5045,~~480~~785.1117 8279,~~931~~586.2444 ~~122~~114,~~208~~834.6235 Servicing Fees 2,~~675~~427.8204 4,~~569~~384.8607 54,~~134~~831.9415 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 4743,~~804~~358.2913 7875,~~361~~202.3837 ~~117~~110,~~073~~003.6820 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 6.699490 5.944360 5.699861~~

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~900588~~881760 6.~~744291~~742946 6.~~972538~~975310 Weighted Average Net Rate 6.~~517305~~497356 6.~~450828~~448655 6.~~604138~~607656 Pass-Through Rate 6.497355 6.448655 6.607656 Weighted Average Maturity ~~339~~ 338 ~~338~~337 337 Beginning Loan Count 7365 4137 ~~118~~105 Loans Paid In Full 85 42 1311 Ending Loan Count 6560 3735 ~~105~~94 Beginning Scheduled Balance 1917,~~437~~102,~~643~~882.1052 1716,~~506~~187,~~101~~330.6016 4036,~~939~~744,~~194~~716.8698 Ending scheduled Balance 1715,~~102~~781,~~882~~811.5211 1615,~~187~~179,~~330~~241.1627 3632,~~744~~977,~~716~~963.9865 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~119~~105,~~962~~737.5908 ~~115~~107,~~756~~153.5281 ~~258~~231,~~490~~917.2562 Scheduled Principal 87,~~186~~655.6247 1716,~~367~~195.9823 2018,~~615~~329.1746 Unscheduled Principal 21,~~326~~313,~~573~~415.9694 1991,~~301,403~~893.4666 43,~~173~~748,~~862~~423.7187 Scheduled Interest ~~111~~98,~~775~~081.9761 9890,~~388~~958.5458 ~~237~~213,~~875~~588.0816 Servicing Fees 65,~~208~~478.4368 43,~~281~~969.1682 1211,~~568~~257.3279 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 ~~105~~92,~~567~~602.5493 9486,~~107~~988.3876 ~~225~~202,~~306~~330.7637 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 6.517305 6.450828 6.604138~~

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~115459~~100204 6.~~703802~~679742 Weighted Average Net Rate 6.~~742173~~727502 6.~~364548~~342208 Pass-Through Rate 6.727502 6.342208 Weighted Average Maturity ~~338~~337.00 ~~338~~337.00 Record Date 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 9772,~~358~~250.6563 ~~904~~811,~~548~~181.6905 Beginning Loan Count 4435 ~~392~~351 Loans Paid In Full 95 4135 Ending Loan Count 3530 ~~351~~316 Beginning Scheduled Balance 1511,~~554~~597,~~079~~176.1583 ~~142~~127,~~466~~810,~~297~~844.7144 Ending Scheduled Balance 119,~~597~~653,~~176~~525.8324 ~~127~~114,~~810~~797,~~844~~348.4477 Scheduled Principal 53,~~129~~632.9703 ~~108~~99,~~660~~728.4514 Unscheduled Principal 31,~~951~~940,~~772~~019.3556 1412,~~546~~913,~~792~~767.8253 Scheduled Interest 9268,~~228~~618.6860 ~~795~~711,~~888~~452.2491 Servicing Fee 43,~~838~~601.4491 4035,~~276~~950.9746 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 8765,~~390~~016.2469 ~~755~~675,~~611~~502.2745 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 6.742173 6.364548~~

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