8-K 1 bst02007.txt AUGUST 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): August 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0073006 Pooling and Servicing Agreement) (Commission 90-0072891 (State or other File Number) IRS EIN jurisdiction 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 Trust, relating to the August 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 2002-7 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: 9/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the August 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/25/03 BST Series: 2002-7 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MMR0 SEN 5.~~61389~~59947% 5447,~~203~~978,~~193~~553.9964 ~~251~~221,~~144~~492.2920 65,~~224~~364,~~640~~437.3438 II-A 07384MMS8 SEN 5.~~79016~~77451% 2018,~~511~~177,~~018~~917.6539 9886,~~019~~541.5130 21,~~333~~718,~~101~~029.2681 III-A 07384MMT6 SEN 6.~~06820~~05807% 1514,~~193~~547,~~683~~286.0328 7672,~~095~~657.3345 ~~646~~1,~~396~~183,558.7578 IV-A 07384MMU3 SEN 6.~~47369~~50634% 8,~~801~~191,~~235~~156.5580 4743,~~025~~938.2056 ~~610~~375,~~078~~329.7680 V-A-1 07384MMV1 SEN 5.~~31848~~29924% 2421,~~015~~053,~~256~~165.3023 ~~105~~91,~~416~~980.6936 23,~~962~~154,~~091~~787.0712 V-A-2 07384MNE8 SEN 5.~~81348~~79424% 5044,~~377~~163,~~180~~555.5355 ~~241~~210,~~715~~971.6190 6,~~213~~617,~~624~~846.9852 V-X 07384MNF5 SEN 0.49500% 0.00 98,~~811~~591.3285 0.00 VI-A 07384MMW9 SEN 5.~~60938~~60793% 3431,~~824~~589,~~428~~189.9941 ~~161~~146,~~225~~051.4826 34,~~235~~331,~~239~~195.5815 VI-X 07384MNG3 SEN 0.47900% 0.00 1312,~~767~~474.4893 0.00 VII-A 07384MMX7 SEN 5.~~53281~~54535% 3935,~~379~~115,~~659~~654.7711 ~~179~~160,~~826~~543.1393 45,~~264~~630,~~005~~552.6640 VII-X 07384MNH1 SEN 0.64700% 0.00 2118,~~028~~731.6435 0.00 B-1 07384MNB4 SUB 5.~~92062~~91559% 7,~~988~~573,~~902~~143.5103 3936,~~038~~935.1801 ~~415~~466,~~759~~354.4820 B-2 07384MNC2 SUB 5.~~92062~~91559% 5,~~432~~149,~~716~~986.8066 2625,~~547~~117.2503 ~~282~~317,~~730~~136.1421 B-3 07384MND0 SUB 5.~~92062~~91559% 3,~~195~~029,~~579~~274.5378 1514,~~615~~774.3609 ~~166~~186,~~304~~542.7576 B-4 07384MNJ7 SUB 5.~~92062~~91559% 1,~~597~~514,~~836~~681.0930 7,~~807~~387.9126 8393,~~154~~274.7908 B-5 07384MNL2 SUB 5.~~92062~~91559% 1,~~278~~211,~~231~~709.8191 65,~~246~~909.1464 6674,~~521~~617.9010 B-6 07384MNN8 SUB 5.~~92062~~91559% 1,~~278~~211,~~522~~985.2018 65,~~247~~910.5698 6674,~~537~~634.0106 R-I 07384MMZ2 SEN 5.~~64025~~64040% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64025~~64040% 0.00 0.00 0.00 Totals ~~268~~240,~~077~~507,~~445~~259.7527 1,~~306~~170,~~578~~009.0810 2729,~~570~~588,~~186~~295.4737

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 4742,~~978~~614,~~553~~116.6427 65,~~475~~585,~~784~~929.6358 0.00 II-A 0.00 1816,~~177~~459,~~917~~887.3958 21,~~431~~804,~~120~~571.7711 0.00 III-A 0.00 1413,~~547~~363,~~286~~727.2850 ~~722~~1,~~492~~256,216.0823 0.00 IV-A 0.00 87,~~191~~815,~~156~~826.8099 ~~657~~419,~~103~~268.9636 0.00 V-A-1 0.00 2117,~~053~~898,~~165~~378.2311 3,~~067~~246,~~507~~767.7648 0.00 V-A-2 0.00 4437,~~163~~545,~~555~~709.5502 6,~~455~~828,~~340~~818.5942 0.00 V-X 0.00 0.00 98,~~811~~591.3285 0.00 VI-A 0.00 3127,~~589~~257,~~189~~994.4127 34,~~396~~477,~~465~~246.0641 0.00 VI-X 0.00 0.00 1312,~~767~~474.4893 0.00 VII-A 0.00 3529,~~115~~485,~~654~~101.1172 45,~~443~~791,~~831~~096.7933 0.00 VII-X 0.00 0.00 2118,~~028~~731.6435 0.00 B-1 0.00 7,~~573~~106,~~143~~788.0383 ~~454~~503,~~797~~289.6621 0.00 B-2 0.00 54,~~149~~832,~~986~~850.6645 ~~309~~342,~~277~~253.3924 0.00 B-3 0.00 32,~~029~~842,~~274~~732.7801 ~~181~~201,~~920~~316.1185 0.00 B-4 0.00 1,~~514~~421,~~681~~407.3021 90100,~~962~~661.7034 0.00 B-5 0.00 1,~~211~~137,~~709~~092.9181 7280,~~768~~526.0474 0.00 B-6 0.00 1,~~211~~137,~~985~~351.1813 7280,~~784~~545.5704 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~240~~210,~~507~~918,~~259~~963.2790 2830,~~876~~758,~~764~~304.5547 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 129,498,400.00 5447,~~203~~978,~~193~~553.9964 5953,~~434~~090.5927 65,~~165~~311,~~205~~347.7511 0.00 0.00 II-A 59,280,900.00 2018,~~511~~177,~~018~~917.6539 2220,~~608~~222.5231 21,~~310~~697,~~492~~807.7350 0.00 0.00 III-A 30,541,200.00 1514,~~193~~547,~~683~~286.0328 6,~~257~~281.2112 ~~640~~1,~~139~~177,277.5466 0.00 0.00 IV-A 46,458,500.00 8,~~801~~191,~~235~~156.5580 109,~~079~~515.9580 ~~599~~365,~~998~~814.8100 0.00 0.00 V-A-1 70,000,000.00 2421,~~015~~053,~~256~~165.3023 2724,~~296~~395.6299 23,~~934~~130,~~794~~391.4513 0.00 0.00 V-A-2 146,840,100.00 5044,~~377~~163,~~180~~555.5355 5751,~~260~~175.5585 6,~~156~~566,~~364~~670.4367 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 3431,~~824~~589,~~428~~189.9941 1,~~164~~166.4467 34,~~234~~330,~~075~~028.1348 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 3935,~~379~~115,~~659~~654.7711 3432,~~692~~152.7251 45,~~229~~598,~~312~~399.9488 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 7,~~988~~573,~~902~~143.5103 7,~~389~~128.4925 ~~408~~459,~~369~~225.9995 0.00 0.00 B-2 5,864,400.00 5,~~432~~149,~~716~~986.8066 54,~~025~~847.1045 ~~277~~312,~~705~~288.0477 0.00 0.00 B-3 3,449,500.00 3,~~195~~029,~~579~~274.5378 2,~~955~~851.8132 ~~163~~183,~~348~~691.9444 0.00 0.00 B-4 1,724,800.00 1,~~597~~514,~~836~~681.0930 1,~~477~~425.9570 8191,~~676~~848.8438 0.00 0.00 B-5 1,379,800.00 1,~~278~~211,~~231~~709.8191 1,~~182~~140.3353 6573,~~339~~476.58 0.00 0.00 B-6 1,380,114.00 1,~~278~~211,~~522~~985.2018 1,~~182~~140.5979 6573,~~354~~493.4227 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 Totals 689,905,814.00 ~~268~~240,~~077~~507,~~445~~259.7527 ~~238~~216,~~007~~534.8756 2729,~~332~~371,~~178~~760.5982 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 65,~~224~~364,~~640~~437.3438 4742,~~978~~614,~~553~~116.6427 0.~~37049534~~32907060 65,~~224~~364,~~640~~437.3438 II-A 21,~~333~~718,~~101~~029.2681 1816,~~177~~459,~~917~~887.3958 0.~~30664037~~27765921 21,~~333~~718,~~101~~029.2681 III-A ~~646~~1,~~396~~183,558.7578 1413,~~547~~363,~~286~~727.2850 0.~~47631679~~43756393 ~~646~~1,~~396~~183,558.7578 IV-A ~~610~~375,~~078~~329.7680 87,~~191~~815,~~156~~826.8099 0.~~17631126~~16823244 ~~610~~375,~~078~~329.7680 V-A-1 23,~~962~~154,~~091~~787.0712 2117,~~053~~898,~~165~~378.2311 0.~~30075950~~25569112 23,~~962~~154,~~091~~787.0712 V-A-2 6,~~213~~617,~~624~~846.9852 4437,~~163~~545,~~555~~709.5502 0.~~30075950~~25569112 6,~~213~~617,~~624~~846.9852 V-X 0.00 0.00 0.00000000 0.00 VI-A 34,~~235~~331,~~239~~195.5815 3127,~~589~~257,~~189~~994.4127 0.~~42835819~~36962598 34,~~235~~331,~~239~~195.5815 VI-X 0.00 0.00 0.00000000 0.00 VII-A 45,~~264~~630,~~005~~552.6640 3529,~~115~~485,~~654~~101.1172 0.~~31601703~~26534588 45,~~264~~630,~~005~~552.6640 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~415~~466,~~759~~354.4820 7,~~573~~106,~~143~~788.0383 0.~~87817793~~82409973 ~~415~~466,~~759~~354.4820 B-2 ~~282~~317,~~730~~136.1421 54,~~149~~832,~~986~~850.6645 0.~~87817793~~82409973 ~~282~~317,~~730~~136.1421 B-3 ~~166~~186,~~304~~542.7576 32,~~029~~842,~~274~~732.7801 0.~~87817793~~82409973 ~~166~~186,~~304~~542.7576 B-4 8393,~~154~~274.7908 1,~~514~~421,~~681~~407.3021 0.~~87817793~~82409973 8393,~~154~~274.7908 B-5 6674,~~521~~617.9010 1,~~211~~137,~~709~~092.9181 0.~~87817793~~82409973 6674,~~521~~617.9010 B-6 6674,~~537~~634.0106 1,~~211~~137,~~985~~351.1813 0.~~87817759~~82409941 6674,~~537~~634.0106 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 2729,~~570~~588,~~186~~295.4737 ~~240~~210,~~507~~918,~~259~~963.2790 0.~~34860883~~30572139 2729,~~570~~588,~~186~~295.4737

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 ~~418~~370.~~56265398~~49533925 0.~~45896003~~40996854 4741.~~60835462~~01477014 0.00000000 II-A 59,280,900.00 ~~345~~306.~~99708591~~64037472 0.~~38137950~~34112691 3828.~~97533151~~64004258 0.00000000 III-A 30,541,200.00 ~~497~~476.~~48153412~~31678781 0.~~20487767~~20566055 2038.~~95986864~~54719723 0.00000000 IV-A 46,458,500.00 ~~189~~176.~~44295554~~31126274 0.~~21696676~~20482366 127.~~91472626~~87399507 0.00000000 V-A-1 70,000,000.00 ~~343~~300.~~07509000~~75950329 0.~~38995171~~34851414 4144.~~92563500~~71987329 0.00000000 V-A-2 146,840,100.00 ~~343~~300.~~07509005~~75950336 0.~~38995172~~34851413 4144.~~92563496~~71987332 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~472~~428.~~22894346~~35819488 0.~~01579013~~01582037 4358.~~85495832~~71639058 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 ~~354~~316.~~39018147~~01702770 0.~~31221091~~28935074 3850.~~06094286~~38179509 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~926~~878.~~38919605~~17793175 0.~~85688162~~82658836 4753.~~35438269~~25161474 0.00000000 B-2 5,864,400.00 ~~926~~878.~~38919583~~17793125 0.~~85688220~~82658925 4753.~~35438238~~25161483 0.00000000 B-3 3,449,500.00 ~~926~~878.~~38919554~~17793303 0.~~85688071~~82658936 4753.~~35438179~~25161328 0.00000000 B-4 1,724,800.00 ~~926~~878.~~38919875~~17793367 0.~~85688196~~82658859 4753.~~35438312~~25161178 0.00000000 B-5 1,379,800.00 ~~926~~878.~~38919409~~17793158 0.~~85688506~~82659081 4753.~~35438469~~25161618 0.00000000 B-6 1,380,114.00 ~~926~~878.~~38883455~~17758533 0.~~85687849~~82659114 4753.~~35436348~~25159371 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

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 4841.~~06731465~~42473868 ~~370~~329.~~49533925~~07060064 0.~~37049534~~32907060 4841.~~06731465~~42473868 II-A 0.00000000 3928.~~35671118~~98116948 ~~306~~277.~~64037472~~65920524 0.~~30664037~~27765921 3928.~~35671118~~98116948 III-A 0.00000000 2138.~~16474631~~75285778 ~~476~~437.~~31678781~~56393004 0.~~47631679~~43756393 2138.~~16474631~~75285778 IV-A 0.00000000 138.~~13169302~~07881873 ~~176~~168.~~31126274~~23244379 0.~~17631126~~16823244 138.~~13169302~~07881873 V-A-1 0.00000000 4245.~~31558671~~06838743 ~~300~~255.~~75950329~~69111586 0.~~30075950~~25569112 4245.~~31558671~~06838743 V-A-2 0.00000000 4245.~~31558668~~06838745 ~~300~~255.~~75950336~~69111585 0.~~30075950~~25569112 4245.~~31558668~~06838745 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 4358.~~87074858~~73221095 ~~428~~369.~~35819488~~62598407 0.~~42835819~~36962598 4358.~~87074858~~73221095 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 3850.~~37315377~~67114593 ~~316~~265.~~01702770~~34588187 0.~~31601703~~26534588 3850.~~37315377~~67114593 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 4854.~~21126431~~07820309 ~~878~~824.~~17793175~~09972865 0.~~87817793~~82409973 4854.~~21126431~~07820309 B-2 0.00000000 4854.~~21126458~~07820237 ~~878~~824.~~17793125~~09972887 0.~~87817793~~82409973 4854.~~21126458~~07820237 B-3 0.00000000 4854.~~21126250~~07820264 ~~878~~824.~~17793303~~09972750 0.~~87817793~~82409973 4854.~~21126250~~07820264 B-4 0.00000000 4854.~~21126507~~07820037 ~~878~~824.~~17793367~~09972750 0.~~87817793~~82409973 4854.~~21126507~~07820037 B-5 0.00000000 4854.~~21126250~~07819974 ~~878~~824.~~17793158~~09973185 0.~~87817793~~82409973 4854.~~21126250~~07819974 B-6 0.00000000 4854.~~21124197~~07818485 ~~878~~824.~~17758533~~09940773 0.~~87817759~~82409941 4854.~~21124197~~07818485 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~61389~~59947% 5447,~~203~~978,~~193~~553.9964 ~~253~~223,~~575~~878.4086 0.00 0.00 II-A 59,280,900.00 5.~~79016~~77451% 2018,~~511~~177,~~018~~917.6539 9887,~~968~~473.3482 0.00 0.00 III-A 30,541,200.00 6.~~06820~~05807% 1514,~~193~~547,~~683~~286.0328 7673,~~831~~440.9436 0.00 0.00 IV-A 46,458,500.00 6.~~47369~~50634% 8,~~801~~191,~~235~~156.5580 4744,~~480~~412.4102 0.00 0.00 V-A-1 70,000,000.00 5.~~31848~~29924% 2421,~~015~~053,~~256~~165.3023 ~~106~~92,~~437~~971.1448 0.00 0.00 V-A-2 146,840,100.00 5.~~81348~~79424% 5044,~~377~~163,~~180~~555.5355 ~~244~~213,~~055~~245.4420 0.00 0.00 V-X 0.00 0.49500% 2421,~~015~~053,~~256~~165.3023 98,~~906~~684.2943 0.00 0.00 VI-A 73,744,800.00 5.~~60938~~60793% 3431,~~824~~589,~~428~~189.9941 ~~162~~147,~~786~~625.1602 0.00 0.00 VI-X 0.00 0.47900% 3431,~~824~~589,~~428~~189.9941 1312,~~900~~609.7535 0.00 0.00 VII-A 111,119,500.00 5.~~53281~~54535% 3935,~~379~~115,~~659~~654.7711 ~~181~~162,~~566~~273.8785 0.00 0.00 VII-X 0.00 0.64700% 3935,~~379~~115,~~659~~654.7711 2118,~~232~~933.2019 0.00 0.00 B-1 8,623,700.00 5.~~92062~~91559% 7,~~988~~573,~~902~~143.5103 3937,~~416~~333.0700 0.00 0.00 B-2 5,864,400.00 5.~~92062~~91559% 5,~~432~~149,~~716~~986.8066 2625,~~804~~387.2367 0.00 0.00 B-3 3,449,500.00 5.~~92062~~91559% 3,~~195~~029,~~579~~274.5378 1514,~~766~~933.5229 0.00 0.00 B-4 1,724,800.00 5.~~92062~~91559% 1,~~597~~514,~~836~~681.0930 7,~~883~~466.4986 0.00 0.00 B-5 1,379,800.00 5.~~92062~~91559% 1,~~278~~211,~~231~~709.8191 65,~~306~~973.6131 0.00 0.00 B-6 1,380,114.00 5.~~92062~~91559% 1,~~278~~211,~~522~~985.2018 65,~~308~~974.0467 0.00 0.00 R-I 50.00 5.~~64025~~64040% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64025~~64040% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 1,~~319~~182,~~225~~616.9038 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 2,~~431~~386.1066 0.00 ~~251~~221,~~144~~492.2920 0.00 4742,~~978~~614,~~553~~116.6427 II-A ~~948~~932.8451 0.00 9886,~~019~~541.5130 0.00 1816,~~177~~459,~~917~~887.3958 III-A ~~736~~782.6191 0.00 7672,~~095~~657.3345 0.00 1413,~~547~~363,~~286~~727.2850 IV-A ~~455~~473.2145 0.00 4743,~~025~~938.2056 0.00 87,~~191~~815,~~156~~826.8099 V-A-1 ~~1,020~~991.4512 0.00 ~~105~~91,~~416~~980.6936 0.00 2117,~~053~~898,~~165~~378.2311 V-A-2 2,~~339~~273.8330 0.00 ~~241~~210,~~715~~971.6190 0.00 4437,~~163~~545,~~555~~709.5502 V-X 9492.9758 0.00 98,~~811~~591.3285 0.00 2117,~~053~~898,~~165~~378.2311 VI-A 1,~~560~~573.6876 0.00 ~~161~~146,~~225~~051.4826 0.00 3127,~~589~~257,~~189~~994.4127 VI-X ~~133~~134.2742 0.00 1312,~~767~~474.4893 0.00 3127,~~589~~257,~~189~~994.4127 VII-A 1,~~740~~729.7492 0.00 ~~179~~160,~~826~~543.1393 0.00 3529,~~115~~485,~~654~~101.1172 VII-X ~~203~~201.5684 0.00 2118,~~028~~731.6435 0.00 3529,~~115~~485,~~654~~101.1172 B-1 ~~377~~397.8999 0.00 3936,~~038~~935.1801 0.00 7,~~573~~106,~~143~~788.0383 B-2 ~~256~~270.9865 0.00 2625,~~547~~117.2503 0.00 54,~~149~~832,~~986~~850.6645 B-3 ~~151~~159.1620 0.00 1514,~~615~~774.3609 0.00 32,~~029~~842,~~274~~732.7801 B-4 7579.5860 0.00 7,~~807~~387.9126 0.00 1,~~514~~421,~~681~~407.3021 B-5 6063.4668 0.00 65,~~246~~909.1464 0.00 1,~~211~~137,~~709~~092.9181 B-6 6063.4869 0.00 65,~~247~~910.5698 0.00 1,~~211~~137,~~985~~351.1813 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 12,~~647~~607.8128 0.00 1,~~306~~170,~~578~~009.0810 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 129,498,400.00 5.~~61389~~59947% ~~418~~370.~~56265398~~49533925 1.~~95813539~~72881565 0.00000000 0.00000000 II-A 59,280,900.00 5.~~79016~~77451% ~~345~~306.~~99708591~~64037472 1.~~66948106~~47558185 0.00000000 0.00000000 III-A 30,541,200.00 6.~~06820~~05807% ~~497~~476.~~48153412~~31678781 2.~~51568177~~40463243 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~47369~~50634% ~~189~~176.~~44295554~~31126274 10.~~02199619~~95595036 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~31848~~29924% ~~343~~300.~~07509000~~75950329 1.~~52053057~~32816400 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~81348~~79424% ~~343~~300.~~07509005~~75950336 1.~~66204899~~45222729 0.00000000 0.00000000 V-X 0.00 0.49500% ~~343~~300.~~07509000~~75950329 0.~~14151843~~12406329 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~60938~~60793% ~~472~~428.~~22894346~~35819488 2.~~20742561~~00183633 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~472~~428.~~22894346~~35819488 0.~~18849804~~17098629 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~53281~~54535% ~~354~~316.~~39018147~~01702770 1.~~63397846~~46035439 0.00000000 0.00000000 VII-X 0.00 0.64700% ~~354~~316.~~39018147~~01702770 0.~~19107537~~17038585 0.00000000 0.00000000 B-1 8,623,700.00 5.~~92062~~91559% ~~926~~878.~~38919605~~17793175 4.~~57066804~~32911627 0.00000000 0.00000000 B-2 5,864,400.00 5.~~92062~~91559% ~~926~~878.~~38919583~~17793125 4.~~57066878~~32911636 0.00000000 0.00000000 B-3 3,449,500.00 5.~~92062~~91559% ~~926~~878.~~38919554~~17793303 4.~~57066821~~32911726 0.00000000 0.00000000 B-4 1,724,800.00 5.~~92062~~91559% ~~926~~878.~~38919875~~17793367 4.~~57066906~~32911642 0.00000000 0.00000000 B-5 1,379,800.00 5.~~92062~~91559% ~~926~~878.~~38919409~~17793158 4.~~57066966~~32911291 0.00000000 0.00000000 B-6 1,380,114.00 5.~~92062~~91559% ~~926~~878.~~38883455~~17758533 4.~~57066590~~32911339 0.00000000 0.00000000 R-I 50.00 5.~~64025~~64040% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64025~~64040% 0.00000000 0.00000000 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.~~01877320~~01843003 0.00000000 1.~~93936211~~71038561 0.00000000 ~~370~~329.~~49533925~~07060064 II-A 0.~~01600583~~01573036 0.00000000 1.~~65347540~~45985132 0.00000000 ~~306~~277.~~64037472~~65920524 III-A 0.~~02411857~~02563455 0.00000000 2.~~49156320~~37899788 0.00000000 ~~476~~437.~~31678781~~56393004 IV-A 0.~~00979821~~01019082 0.00000000 10.~~01219798~~94575933 0.00000000 ~~176~~168.~~31126274~~23244379 V-A-1 0.~~01457786~~01415886 0.00000000 1.~~50595271~~31400514 0.00000000 ~~300~~255.~~75950329~~69111586 V-A-2 0.~~01593454~~01548147 0.00000000 1.~~64611445~~43674582 0.00000000 ~~300~~255.~~75950336~~69111585 V-X 0.~~00135671~~00132257 0.00000000 0.~~14016171~~12274071 0.00000000 ~~300~~255.~~75950329~~69111586 VI-A 0.~~02116325~~02134062 0.00000000 21.~~18626235~~98049571 0.00000000 ~~428~~369.~~35819488~~62598407 VI-X 0.~~00180718~~00182277 0.00000000 0.~~18669086~~16916352 0.00000000 ~~428~~369.~~35819488~~62598407 VII-A 0.~~01566548~~01556810 0.00000000 1.~~61831299~~44478629 0.00000000 ~~316~~265.~~01702770~~34588187 VII-X 0.~~00183190~~00181642 0.00000000 0.~~18924347~~16856942 0.00000000 ~~316~~265.~~01702770~~34588187 B-1 0.~~04381994~~04615072 0.00000000 4.~~52684810~~28296555 0.00000000 ~~878~~824.~~17793175~~09972865 B-2 0.~~04382034~~04615135 0.00000000 4.~~52684844~~28296671 0.00000000 ~~878~~824.~~17793125~~09972887 B-3 0.~~04382084~~04615162 0.00000000 4.~~52684737~~28296565 0.00000000 ~~878~~824.~~17793303~~09972750 B-4 0.~~04381957~~04615028 0.00000000 4.~~52684949~~28296614 0.00000000 ~~878~~824.~~17793367~~09972750 B-5 0.~~04381794~~04615162 0.00000000 4.~~52684447~~28296855 0.00000000 ~~878~~824.~~17793158~~09973185 B-6 0.~~04382247~~04614836 0.00000000 4.~~52684343~~28296503 0.00000000 ~~878~~824.~~17758533~~09940773 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2830,~~951~~814,~~847~~734.3617 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 310,~~380~~837.3973 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2830,~~955~~825,~~227~~571.7590 Withdrawals Reimbursement for Servicer Advances 73,~~085~~380.5539 Payment of Service Fee 7163,~~377~~887.6502 Payment of Interest and Principal 2830,~~876~~758,~~764~~304.5549 Total Withdrawals (Pool Distribution Amount) 2830,~~955~~825,~~227~~571.7590 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,~~647~~607.8126 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 12,~~647~~607.8128

SERVICING FEES Gross Servicing Fee 7163,~~377~~887.6502 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7163,~~377~~887.6502

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 06 0 0 0 06 01,414,067.0098 0.00 0.00 0.00 01,414,067.0098 60 Days 01 0 0 0 01 0496,117.0044 0.00 0.00 0.00 0496,117.0044 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 10 0 10 0.00 0.00 ~~555,528~~0.9000 0.00 ~~555,528~~0.9000 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 7 0 0 1 0 7 1,910,185.42 0.00 0.00 ~~555,528.90~~ 0.00 ~~555~~1,~~528~~910,185.9042 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 01.~~000000~~117318% 0.000000% 0.000000% 0.000000% 01.~~000000~~117318% 0.~~000000~~669932% 0.000000% 0.000000% 0.000000% 0.~~000000~~669932% 60 Days 0.~~000000~~186220% 0.000000% 0.000000% 0.000000% 0.~~000000~~186220% 0.~~000000~~235042% 0.000000% 0.000000% 0.000000% 0.~~000000~~235042% 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.~~164474~~000000% 0.000000% 0.~~164474~~000000% 0.000000% 0.000000% 0.~~230811~~000000% 0.000000% 0.~~230811~~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 01.~~000000~~303538% 0.000000% 0.~~164474~~000000% 0.000000% 01.~~164474~~303538% 0.~~000000~~904974% 0.000000% 0.~~230811~~000000% 0.000000% 0.~~230811~~904974%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 01 0 0 0 01 0496,117.0044 0.00 0.00 0.00 0496,117.0044 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 01 0 0 0 01 0496,117.0044 0.00 0.00 0.00 0496,117.0044 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 01.~~000000~~098901% 0.000000% 0.000000% 0.000000% 01.~~000000~~098901% 01.~~000000~~072231% 0.000000% 0.000000% 0.000000% 01.~~000000~~072231% 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 01.~~000000~~098901% 0.000000% 0.000000% 0.000000% 01.~~000000~~098901% 01.~~000000~~072231% 0.000000% 0.000000% 0.000000% 01.~~000000~~072231% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 01 0 0 0 01 0206,600.00 0.00 0.00 0.00 0206,600.00 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 01 0 0 0 01 0206,600.00 0.00 0.00 0.00 0206,600.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~515152% 0.000000% 0.000000% 0.000000% 01.~~000000~~515152% 01.~~000000~~447516% 0.000000% 0.000000% 0.000000% 01.~~000000~~447516% 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 01.~~000000~~515152% 0.000000% 0.000000% 0.000000% 01.~~000000~~515152% 01.~~000000~~447516% 0.000000% 0.000000% 0.000000% 01.~~000000~~447516% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 01 0 0 0 01 0133,210.0022 0.00 0.00 0.00 0133,210.0022 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 10 0 10 0.00 0.00 ~~555,528~~0.9000 0.00 ~~555,528~~0.9000 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 1 0 1 133,210.22 0.00 0.00 ~~555,528.90~~ 0.00 ~~555~~133,~~528~~210.9022 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~653595% 0.000000% 0.000000% 0.000000% 0.~~000000~~653595% 0.~~000000~~217165% 0.000000% 0.000000% 0.000000% 0.~~000000~~217165% 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.~~564972~~000000% 0.000000% 0.~~564972~~000000% 0.000000% 0.000000% 0.~~776107~~000000% 0.000000% 0.~~776107~~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~~653595% 0.000000% 0.~~564972~~000000% 0.000000% 0.~~564972~~653595% 0.~~000000~~217165% 0.000000% 0.~~776107~~000000% 0.000000% 0.~~776107~~217165% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 02 0 0 0 02 0369,454.0088 0.00 0.00 0.00 0369,454.0088 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 0369,454.0088 0.00 0.00 0.00 0369,454.0088 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~298851% 0.000000% 0.000000% 0.000000% 02.~~000000~~298851% 01.~~000000~~258863% 0.000000% 0.000000% 0.000000% 01.~~000000~~258863% 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.~~000000~~298851% 0.000000% 0.000000% 0.000000% 02.~~000000~~298851% 01.~~000000~~258863% 0.000000% 0.000000% 0.000000% 01.~~000000~~258863% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 02 0 0 0 02 0704,802.0088 0.00 0.00 0.00 0704,802.0088 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 0704,802.0088 0.00 0.00 0.00 0704,802.0088 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~631579% 0.000000% 0.000000% 0.000000% 02.~~000000~~631579% 02.~~000000~~162221% 0.000000% 0.000000% 0.000000% 02.~~000000~~162221% 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.~~000000~~631579% 0.000000% 0.000000% 0.000000% 02.~~000000~~631579% 02.~~000000~~162221% 0.000000% 0.000000% 0.000000% 02.~~000000~~162221%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 310,~~380~~837.3973

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% ~~192~~168,~~528~~304,~~705~~847.63 8079.~~05109958~~79597686% 1920.~~948900~~204023% 0.000000% Class 2A 501,126,514.00 72.63694606% ~~174~~151,~~350~~844,~~788~~960.2405 7271.~~49294211~~99208513% 7.~~558157~~803892% 9289.~~316894~~077224% Class 3A 470,585,314.00 68.21008092% ~~159~~138,~~803~~481,~~501~~232.9655 6665.~~44435700~~65613162% 6.~~048585~~335954% 7372.~~878666~~321499% Class B-1 13,798,714.00 2.00008664% 1211,~~117~~371,~~637~~433.8361 5.~~03836677~~39137563% 3.~~148821~~369440% 38.460349% Class B-2 7,934,314.00 1.15005756% 6,~~967~~538,~~651~~583.1716 23.~~89706481~~10004517% 2.~~141302~~291330% 26.154304% Class B-3 4,484,814.00 0.65006178% 3,~~938~~695,~~376~~851.3915 1.~~63752911~~75226119% 1.~~259536~~347784% 15.384229% Class B-4 2,760,014.00 0.40005664% 2,~~423~~274,~~695~~443.0994 1.~~00774301~~07834966% 0.~~629786~~673912% 7.692337% Class B-5 1,380,214.00 0.20005832% 1,~~211~~137,~~985~~351.1813 0.~~50392873~~53923607% 0.~~503814~~539114% 6.153692% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~503929~~539236% 6.~~155089~~155090% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~224784~~219372% Weighted Average Net Coupon 5.~~905275~~900610% Weighted Average Pass-Through Rate 5.~~905275~~900610% Weighted Average Maturity(Stepdown Calculation ) ~~344~~343 Beginning Scheduled Collateral Loan Count ~~674~~608 Number Of Loans Paid In Full 6671 Ending Scheduled Collateral Loan Count ~~608~~537 Beginning Scheduled Collateral Balance ~~268~~240,~~077~~507,~~445~~259.7528 Ending Scheduled Collateral Balance ~~240~~210,~~507~~918,~~259~~963.2890 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~240~~211,~~685~~076,~~812~~252.0322 Monthly P &I Constant 1,~~628~~463,~~611~~037.4294 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2729,~~705~~461,~~919~~284.3453 Ending Scheduled Balance for Premium Loans ~~240~~210,~~507~~918,~~259~~963.2890 Scheduled Principal ~~238~~216,~~007~~534.8755 Unscheduled Principal 2729,~~332~~371,~~178~~760.6083

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 9392.~~060159~~632282% Senior Prepayment Percentage Grp 1 96.~~530080~~316141% Subordinate Percentage Group 1 67.~~939841~~367718% Subordinate Prepayment Pct Group 1 0.000000% Average Loss Severity Group 2 0 Senior Percentage Group 2 91.~~732473~~232450% Senior Prepayment Percentage Grp 2 95.~~866236~~616225% Subordinate Percentage Group 2 8.~~267527~~767550% Subordinate Prepayment Pct Group 2 0.000000% Average Loss Severity Group 3 0 Senior Percentage Group 3 9493.~~054182~~927541% Senior Prepayment Percentage Grp 3 9796.~~027091~~963771% Subordinate Percentage Group 3 56.~~945818~~072459% Subordinate Prepayment Pct Group 3 0.000000% Average Loss Severity Group 4 0 Senior Percentage Group 4 86.~~667091~~216014% Senior Prepayment Percentage Grp 4 93.~~333545~~108007% Subordinate Percentage Group 4 13.~~332909~~783986% Subordinate Prepayment Pct Group 4 0.000000% Average Loss Severity Group 5 0 Senior Percentage Group 5 91.~~743967~~196588% Senior Prepayment Percentage Grp 5 95.~~871984~~598294% Subordinate Percentage Group 5 8.~~256033~~803412% Subordinate Prepayment Pct Group 5 0.000000% Average Loss Severity Group 6 0 Senior Percentage Group 6 93.~~697532~~386445% Senior Prepayment Percentage Grp 6 96.~~848766~~693222% Subordinate Percentage Group 6 6.~~302468~~613555% Subordinate Prepayment Pct Group 6 0.000000% Average Loss Severity Group 7 0 Senior Percentage Group 7 91.~~774300~~302634% Senior Prepayment Percentage Grp 7 95.~~887150~~651317% Subordinate Percentage Group 7 8.~~225700~~697366% Subordinate Prepayment Pct Group 7 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~985352~~971314 6.~~050197~~035757 6.~~394173~~381983 Weighted Average Net Rate 5.~~613885~~599473 5.~~790156~~774511 6.~~068201~~058067 Weighted Average Maturity ~~345~~344 ~~343~~342 ~~345~~344 Beginning Loan Count ~~116~~103 5448 7672 Loans Paid In Full 1312 6 4 6 Ending Loan Count ~~103~~91 4844 7266 Beginning Scheduled Balance 5851,~~245~~794,~~326~~636.9465 2219,~~359~~924,~~605~~837.1150 1615,~~154~~487,~~181~~775.2406 Ending scheduled Balance 5146,~~794~~222,~~636~~830.6545 1918,~~924~~127,~~837~~023.5089 1514,~~487~~266,~~775~~946.0607 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant ~~354~~315,~~382~~047.4997 ~~137~~122,~~379~~383.4959 9289,~~729~~056.9613 Scheduled Principal 6357,~~866~~312.8592 2422,~~646~~165.1570 6,~~652~~687.7720 Unscheduled Principal 65,~~386~~514,~~823~~493.4428 21,~~410~~775,~~121~~647.4691 ~~659~~1,~~753~~214,141.4179 Scheduled Interest ~~290~~257,~~515~~735.6405 ~~112~~100,~~733~~217.3489 8682,~~077~~368.1993 Servicing Fees 1816,~~030~~049.1848 4,~~845~~337.3373 4,~~388~~180.1761 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 ~~272~~241,~~485~~685.4657 ~~107~~95,~~888~~880.0116 8178,~~689~~188.0232 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 5.~~613885~~599473 5.~~790157~~774511 6.~~068201~~058067

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~723692~~756336 6.~~087692~~065362 6.~~459340~~457500 Weighted Average Net Rate 6.~~473692~~506336 5.~~813476~~794240 6.~~088378~~086932 Weighted Average Maturity ~~332~~331 ~~344~~343 ~~346~~345 Beginning Loan Count 2221 ~~201~~177 ~~105~~98 Loans Paid In Full 1 24 711 Ending Loan Count 2120 ~~177~~153 9887 Beginning Scheduled Balance 109,~~155~~500,~~222~~737.0802 8171,~~087~~512,~~006~~237.6997 3733,~~166~~826,~~858~~311.3212 Ending scheduled Balance 9,~~500~~096,~~737~~807.0276 7161,~~512~~285,~~237~~819.9789 3329,~~826~~346,~~311~~952.1223 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant 6864,~~531~~528.1497 ~~503~~444,~~527~~323.0929 ~~201~~183,~~303~~277.9212 Scheduled Principal 11,~~630~~037.6516 9282,~~166~~866.4696 1,~~242~~249.7729 Unscheduled Principal ~~642~~392,~~854~~892.4110 910,~~482~~143,~~602~~551.2612 34,~~339~~478,~~304~~109.4360 Scheduled Interest 5653,~~900~~491.4981 ~~411~~361,~~360~~456.6333 ~~200~~182,~~061~~027.1583 Servicing Fees 21,~~115~~979.6732 1816,~~529~~157.49 11 10,~~489~~445.5879 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 5451,~~784~~512.8249 ~~392~~345,~~831~~299.1422 ~~188~~171,~~571~~582.5704 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.~~473692~~506336 5.~~813476~~794240 6.~~088378~~086932

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~514823~~527351 6.~~224784~~219372 Weighted Average Net Rate 6.~~179812~~192351 5.~~905275~~900610 Weighted Average Maturity ~~345~~344.00 ~~344~~343.00 Record Date 0607/3031/2003 0607/3031/2003 Principal And Interest Constant ~~270~~244,~~757~~420.3387 1,~~628~~463,~~611~~037.4294 Beginning Loan Count ~~100~~89 ~~674~~608 Loans Paid In Full 1113 6671 Ending Loan Count 8976 ~~608~~537 Beginning Scheduled Balance 4238,~~909~~460,~~245~~723.3796 ~~268~~240,~~077~~507,~~445~~259.7528 Ending Scheduled Balance 3832,~~460~~572,~~723~~583.9661 ~~240~~210,~~507~~918,~~259~~963.2890 Scheduled Principal 3735,~~802~~215.2232 ~~238~~216,~~007~~534.8755 Unscheduled Principal 45,~~410~~852,~~719~~925.1903 2729,~~332~~371,~~178~~760.6083 Scheduled Interest ~~232~~209,~~955~~205.1155 1,~~390~~246,~~603~~503.5539 Servicing Fee 1110,~~979~~736.2398 7163,~~377~~887.6502 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 ~~220~~198,~~975~~468.8857 1,~~319~~182,~~225~~616.9037 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.~~179812~~192351 5.~~905275~~900610

Filing Compare · BEAR STEARNS ARM TRUST 2002-7