8-K 1 bst02011.txt SEPTEMBER 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): September 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-11 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-10 55-0817543 Pooling and Servicing Agreement) (Commission 55-0817546 (State or other File Number) 55-0817549 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 September 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-11 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 2002-11 Trust, relating to the September 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 2002-11 Trust By: Wells Fargo Bank Minnesota, N. A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-11 Trust, relating to the September 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 BST Series: 2002-11 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-1 07384MSH6 SEN 5.~~66331~~66786% ~~190~~151,~~834~~648,~~801~~550.1635 ~~886~~713,~~769~~613.0805 3928,~~186~~604,~~250~~206.8165 1-A-2 07384MSJ2 SEN 5.~~37330~~37770% ~~261~~228,~~401~~445,~~333~~212.0593 1,~~152~~019,~~474~~963.3913 3228,~~956~~930,~~120~~566.1263 1-A-3 07384MSK9 SEN 5.~~37281~~37530% 1918,~~842~~743,~~680~~748.2330 8783,~~475~~649.1272 13,~~098~~064,~~931~~425.9300 1-A-4 07384MSL7 SEN 5.~~21938~~23692% 2220,~~520~~983,~~017~~762.6997 9691,~~442~~235.8372 12,~~536~~180,~~254~~918.7291 II-A-1 07384MSR4 SEN 5.~~76633~~68371% 5647,~~271~~808,~~600~~862.2316 ~~266~~215,~~491~~962.6095 8,~~462~~650,~~738~~785.0705 II-A-2 07384MSS2 SEN 6.~~42011~~37894% 7668,~~658~~311,~~755~~547.0412 ~~404~~346,~~202~~323.3400 816,~~347~~983,~~207~~119.9113 I-M-1 07384MSM5 SUB 5.~~48114~~48620% 36,~~257~~229,~~210~~971.3686 ~~163~~165,~~060~~023.2825 27,~~238~~586.5068 R-I 07384MSW3 SEN 5.~~23765~~23597% 0.00 0.00 0.00 R-II 07384MSX1 SEN 0.00000% 0.00 0.00 0.00 R-III 07384MSY9 SEN 5.~~23765~~23597% 0.00 0.00 0.00 I-B-1 07384MSN3 SUB 5.~~48114~~48620% 8,~~970~~964,~~884~~145.8945 40,~~344~~830.9463 6,~~739~~825.4459 I-B-2 07384MSP8 SUB 5.~~48114~~48620% 5,~~980~~976,~~623~~130.0910 2627,~~896~~220.7857 4,~~492~~550.9942 I-B-3 07384MSQ6 SUB 5.~~48114~~48620% 4,~~111~~108,~~771~~682.64 18,~~491~~714.9556 3,~~089~~128.0049 I-B-4 07384MRV6 SUB 5.~~48114~~48620% 1,~~495~~493,~~081~~957.1697 6,~~723~~804.8680 1,~~123~~137.1955 I-B-5 07384MRW4 SUB 5.~~48114~~48620% 1,~~495~~493,~~081~~957.1697 6,~~723~~804.8680 1,~~123~~137.1955 I-B-6 07384MRX2 SUB 5.~~48114~~48620% 1,~~495~~494,~~334~~211.8547 6,~~725~~805.0096 1,~~123~~137.3874 II-B-1 07384MST0 SUB 6.~~17461~~11795% 2,~~548~~547,~~940~~910.0031 12,~~925~~388.9979 1,~~029~~022.6966 II-B-2 07384MSU7 SUB 6.~~17461~~11795% 1,941,~~892~~108.8337 9,~~847~~438.5832 ~~784~~779.4611 II-B-3 07384MSV5 SUB 6.~~17461~~11795% 1,~~335~~334,~~144~~605.8045 6,~~770~~489.6830 ~~539~~535.3567 II-B-4 07384MRY0 SUB 6.~~17461~~11795% 485,~~597~~401.8568 2,~~462~~360.5318 ~~196~~194.1783 II-B-5 07384MRZ7 SUB 6.~~17461~~11795% 242,~~699~~601.2117 1,~~230~~179.7661 9897.0437 II-B-6 07384MSA1 SUB 6.~~17461~~11795% 728,~~411~~117.7247 3,~~693~~540.8635 ~~294~~292.25 Totals ~~694~~602,~~617~~982,~~860~~485.9674 32,~~199~~778,~~753~~348.4369 9188,~~635~~462,~~375~~447.2128

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~151~~123,~~648~~044,~~550~~343.3570 4029,~~073~~317,~~019~~819.8970 0.00 1-A-2 0.00 ~~228~~199,~~445~~514,~~212~~646.9330 3429,~~108~~950,~~594~~529.5176 0.00 1-A-3 0.00 1815,~~743~~679,~~748~~323.30 13,~~186~~148,~~407~~074.0572 0.00 1-A-4 0.00 2018,~~983~~802,~~762~~844.9706 12,~~632~~272,~~697~~154.5563 0.00 II-A-1 0.00 4739,~~808~~158,~~862~~077.1612 8,~~729~~866,~~229~~748.6700 0.00 II-A-2 0.00 6851,~~311~~328,~~547~~427.1299 817,~~751~~329,~~410~~442.2513 0.00 I-M-1 0.00 36,~~229~~202,~~971~~385.8618 ~~190~~192,~~298~~609.7893 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 I-B-1 0.00 8,~~964~~957,~~145~~319.4585 47,~~084~~656.3822 0.00 I-B-2 0.00 5,~~976~~971,~~130~~579.1068 31,~~389~~770.7799 0.00 I-B-3 0.00 4,~~108~~105,~~682~~554.6416 21,~~580~~843.9505 0.00 I-B-4 0.00 1,~~493~~492,~~957~~820.9742 7,~~847~~942.0535 0.00 I-B-5 0.00 1,~~493~~492,~~957~~820.9742 7,~~847~~942.0535 0.00 I-B-6 0.00 1,~~494~~493,~~211~~073.4772 7,~~848~~943.3870 0.00 II-B-1 0.00 2,~~547~~546,~~910~~887.3165 13,~~955~~411.6845 0.00 II-B-2 0.00 1,~~941~~940,~~108~~329.3727 10,~~632~~217.0443 0.00 II-B-3 0.00 1,334,~~605~~069.4578 7,~~310~~024.0397 0.00 II-B-4 0.00 485,~~401~~206.6886 2,~~658~~555.7001 0.00 II-B-5 0.00 242,~~601~~503.1780 1,~~328~~276.8098 0.00 II-B-6 0.00 ~~728~~727,~~117~~825.4722 3,~~988~~832.1160 0.00 Totals 0.00 ~~602~~514,~~982~~520,~~485~~038.7448 9491,~~835~~240,~~128~~795.6497 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-1 275,035,500.00 ~~190~~151,~~834~~648,~~801~~550.1635 ~~116~~92,~~451~~277.7751 3928,~~069~~511,~~799~~929.0414 0.00 0.00 1-A-2 354,767,200.00 ~~261~~228,~~401~~445,~~333~~212.0593 ~~221~~198,~~237~~183.8837 3228,~~734~~732,~~882~~383.2426 0.00 0.00 1-A-3 27,227,300.00 1918,~~842~~743,~~680~~748.2330 109,~~421~~900.3826 13,~~088~~054,~~510~~524.5574 0.00 0.00 1-A-4 34,286,400.00 2220,~~520~~983,~~017~~762.6997 2422,~~336~~636.8102 12,~~511~~158,~~917~~282.9189 0.00 0.00 II-A-1 88,870,500.00 5647,~~271~~808,~~600~~862.2316 3933,~~454~~035.5670 8,~~423~~617,~~283~~749.5135 0.00 0.00 II-A-2 147,280,600.00 7668,~~658~~311,~~755~~547.0412 1715,~~268~~527.8729 816,~~329~~967,~~939~~591.0484 0.00 0.00 I-M-1 36,444,400.00 36,~~257~~229,~~210~~971.3686 27,~~238~~586.5068 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 I-B-1 9,017,200.00 8,~~970~~964,~~884~~145.8945 6,~~739~~825.4459 0.00 0.00 0.00 I-B-2 6,011,500.00 5,~~980~~976,~~623~~130.0910 4,~~492~~550.9942 0.00 0.00 0.00 I-B-3 4,133,000.00 4,~~111~~108,~~771~~682.64 3,~~089~~128.0049 0.00 0.00 0.00 I-B-4 1,502,800.00 1,~~495~~493,~~081~~957.1697 1,~~123~~137.1955 0.00 0.00 0.00 I-B-5 1,502,800.00 1,~~495~~493,~~081~~957.1697 1,~~123~~137.1955 0.00 0.00 0.00 I-B-6 1,503,055.55 1,~~495~~494,~~334~~211.8547 1,~~123~~137.3874 0.00 0.00 0.00 II-B-1 2,556,300.00 2,~~548~~547,~~940~~910.0031 1,~~029~~022.6966 0.00 0.00 0.00 II-B-2 1,947,500.00 1,941,~~892~~108.8337 ~~784~~779.4611 0.00 0.00 0.00 II-B-3 1,339,000.00 1,~~335~~334,~~144~~605.8045 ~~539~~535.3567 0.00 0.00 0.00 II-B-4 487,000.00 485,~~597~~401.8568 ~~196~~194.1783 0.00 0.00 0.00 II-B-5 243,400.00 242,~~699~~601.2117 9897.0437 0.00 0.00 0.00 II-B-6 730,515.72 728,~~411~~117.7247 ~~294~~292.25 0.00 0.00 0.00 Totals 994,886,121.27 ~~694~~602,~~617~~982,~~860~~485.9674 ~~477~~419,~~042~~986.9206 9188,~~158~~042,~~332~~461.2922 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-1 3928,~~186~~604,~~250~~206.8165 ~~151~~123,~~648~~044,~~550~~343.3570 0.~~55137810~~44737622 3928,~~186~~604,~~250~~206.8165 1-A-2 3228,~~956~~930,~~120~~566.1263 ~~228~~199,~~445~~514,~~212~~646.9330 0.~~64392991~~56238188 3228,~~956~~930,~~120~~566.1263 1-A-3 13,~~098~~064,~~931~~425.9300 1815,~~743~~679,~~748~~323.30 0.~~68841744~~57586772 13,~~098~~064,~~931~~425.9300 1-A-4 12,~~536~~180,~~254~~918.7291 2018,~~983~~802,~~762~~844.9706 0.~~61201418~~54840532 12,~~536~~180,~~254~~918.7291 II-A-1 8,~~462~~650,~~738~~785.0705 4739,~~808~~158,~~862~~077.1612 0.~~53796099~~44061952 8,~~462~~650,~~738~~785.0705 II-A-2 816,~~347~~983,~~207~~119.9113 6851,~~311~~328,~~547~~427.1299 0.~~46381904~~34850773 816,~~347~~983,~~207~~119.9113 I-M-1 27,~~238~~586.5068 36,~~229~~202,~~971~~385.8618 0.~~99411629~~99335934 27,~~238~~586.5068 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 I-B-1 6,~~739~~825.4459 8,~~964~~957,~~145~~319.4585 0.~~99411629~~99335934 6,~~739~~825.4459 I-B-2 4,~~492~~550.9942 5,~~976~~971,~~130~~579.1068 0.~~99411629~~99335934 4,~~492~~550.9942 I-B-3 3,~~089~~128.0049 4,~~108~~105,~~682~~554.6416 0.~~99411629~~99335934 3,~~089~~128.0049 I-B-4 1,~~123~~137.1955 1,~~493~~492,~~957~~820.9742 0.~~99411630~~99335934 1,~~123~~137.1955 I-B-5 1,~~123~~137.1955 1,~~493~~492,~~957~~820.9742 0.~~99411630~~99335934 1,~~123~~137.1955 I-B-6 1,~~123~~137.3874 1,~~494~~493,~~211~~073.4772 0.~~99411593~~99335897 1,~~123~~137.3874 II-B-1 1,~~029~~022.6966 2,~~547~~546,~~910~~887.3165 0.~~99671803~~99631798 1,~~029~~022.6966 II-B-2 ~~784~~779.4611 1,~~941~~940,~~108~~329.3727 0.~~99671803~~99631798 ~~784~~779.4611 II-B-3 ~~539~~535.3567 1,334,~~605~~069.4578 0.~~99671804~~99631798 ~~539~~535.3567 II-B-4 ~~196~~194.1783 485,~~401~~206.6886 0.~~99671803~~99631799 ~~196~~194.1783 II-B-5 9897.0437 242,~~601~~503.1780 0.~~99671804~~99631800 9897.0437 II-B-6 ~~294~~292.25 ~~728~~727,~~117~~825.4722 0.~~99671705~~99631699 ~~294~~292.25 Totals 9188,~~635~~462,~~375~~447.2128 ~~602~~514,~~982~~520,~~485~~038.7448 0.~~60608192~~51716476 9188,~~635~~462,~~375~~447.2128

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 275,035,500.00 ~~693~~551.~~85516110~~37809610 0.~~42340632~~33551127 ~~142~~103.~~05365867~~66635994 0.00000000 1-A-2 354,767,200.00 ~~736~~643.~~82497438~~92991497 0.~~62361425~~55862935 9280.~~27144516~~98940167 0.00000000 1-A-3 27,227,300.00 ~~728~~688.~~77884440~~41744499 0.~~38275481~~36361520 39112.~~97864460~~18610512 0.00000000 1-A-4 34,286,400.00 ~~656~~612.~~82071288~~01417967 0.~~70980943~~66020405 4462.~~09672377~~94865865 0.00000000 II-A-1 88,870,500.00 ~~633~~537.~~18649304~~96098998 0.~~44395564~~37172853 9496.~~78154742~~96974080 0.00000000 II-A-2 147,280,600.00 ~~520~~463.~~49458680~~81904419 0.~~11725149~~10542658 56115.~~55829104~~20588482 0.00000000 I-M-1 36,444,400.00 994.~~86369264~~11629386 0.~~74739878~~75695251 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 9,017,200.00 994.~~86369272~~11629442 0.~~74739831~~75695227 0.00000000 0.00000000 I-B-2 6,011,500.00 994.~~86369292~~11629377 0.~~74739915~~75695251 0.00000000 0.00000000 I-B-3 4,133,000.00 994.~~86369223~~11629325 0.~~74739898~~75695379 0.00000000 0.00000000 I-B-4 1,502,800.00 994.~~86369444~~11629625 0.~~74739819~~75695369 0.00000000 0.00000000 I-B-5 1,502,800.00 994.~~86369444~~11629625 0.~~74739819~~75695369 0.00000000 0.00000000 I-B-6 1,503,055.55 994.~~86333023~~11593271 0.~~74739753~~75695140 0.00000000 0.00000000 II-B-1 2,556,300.00 ~~997~~996.~~12083871~~71803388 0.~~40280484~~40005477 0.00000000 0.00000000 II-B-2 1,947,500.00 ~~997~~996.~~12083697~~71803338 0.~~40280359~~40005648 0.00000000 0.00000000 II-B-3 1,339,000.00 ~~997~~996.~~12083645~~71803585 0.~~40280060~~40005228 0.00000000 0.00000000 II-B-4 487,000.00 ~~997~~996.~~12084189~~71802875 0.~~40281314~~40006160 0.00000000 0.00000000 II-B-5 243,400.00 ~~997~~996.~~12082991~~71803615 0.~~40279376~~40004108 0.00000000 0.00000000 II-B-6 730,515.72 ~~997~~996.~~11984295~~71704532 0.~~40279763~~40005984 0.00000000 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 ~~142~~104.~~47706500~~00187121 ~~551~~447.~~37809610~~37622489 0.~~55137810~~44737622 ~~142~~104.~~47706500~~00187121 1-A-2 0.00000000 9281.~~89505941~~54803102 ~~643~~562.~~92991497~~38188395 0.~~64392991~~56238188 9281.~~89505941~~54803102 1-A-3 0.00000000 40112.~~36139940~~54972032 ~~688~~575.~~41744499~~86772467 0.~~68841744~~57586772 40112.~~36139940~~54972032 1-A-4 0.00000000 4463.~~80653320~~60886270 ~~612~~548.~~01417967~~40531698 0.~~61201418~~54840532 4463.~~80653320~~60886270 II-A-1 0.00000000 9597.~~22550306~~34146933 ~~537~~440.~~96098998~~61952076 0.~~53796099~~44061952 9597.~~22550306~~34146933 II-A-2 0.00000000 56115.~~67554254~~31131140 ~~463~~348.~~81904419~~50773279 0.~~46381904~~34850773 56115.~~67554254~~31131140 I-M-1 0.00000000 0.~~74739878~~75695251 ~~994~~993.~~11629386~~35934135 0.~~99411629~~99335934 0.~~74739878~~75695251 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.~~74739831~~75695227 ~~994~~993.~~11629442~~35934104 0.~~99411629~~99335934 0.~~74739831~~75695227 I-B-2 0.00000000 0.~~74739915~~75695251 ~~994~~993.~~11629377~~35934126 0.~~99411629~~99335934 0.~~74739915~~75695251 I-B-3 0.00000000 0.~~74739898~~75695379 ~~994~~993.~~11629325~~35934188 0.~~99411629~~99335934 0.~~74739898~~75695379 I-B-4 0.00000000 0.~~74739819~~75695369 ~~994~~993.~~11629625~~35934256 0.~~99411630~~99335934 0.~~74739819~~75695369 I-B-5 0.00000000 0.~~74739819~~75695369 ~~994~~993.~~11629625~~35934256 0.~~99411630~~99335934 0.~~74739819~~75695369 I-B-6 0.00000000 0.~~74739753~~75695140 ~~994~~993.~~11593271~~35897466 0.~~99411593~~99335897 0.~~74739753~~75695140 II-B-1 0.00000000 0.~~40280484~~40005477 996.~~71803388~~31797911 0.~~99671803~~99631798 0.~~40280484~~40005477 II-B-2 0.00000000 0.~~40280359~~40005648 996.~~71803338~~31798203 0.~~99671803~~99631798 0.~~40280359~~40005648 II-B-3 0.00000000 0.~~40280060~~40005228 996.~~71803585~~31798357 0.~~99671804~~99631798 0.~~40280060~~40005228 II-B-4 0.00000000 0.~~40281314~~40006160 996.~~71802875~~31798768 0.~~99671803~~99631799 0.~~40281314~~40006160 II-B-5 0.00000000 0.~~40279376~~40004108 996.~~71803615~~31799507 0.~~99671804~~99631800 0.~~40279376~~40004108 II-B-6 0.00000000 0.~~40279763~~40005984 996.~~71704532~~31698549 0.~~99671705~~99631699 0.~~40279763~~40005984 (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-1 275,035,500.00 5.~~66331~~66786% ~~190~~151,~~834~~648,~~801~~550.1635 ~~900~~716,~~630~~268.4744 0.00 0.00 1-A-2 354,767,200.00 5.~~37330~~37770% ~~261~~228,~~401~~445,~~333~~212.0593 1,~~170~~023,~~489~~758.1147 0.00 0.00 1-A-3 27,227,300.00 5.~~37281~~37530% 1918,~~842~~743,~~680~~748.2330 8883,~~842~~960.4799 0.00 0.00 1-A-4 34,286,400.00 5.~~21938~~23692% 2220,~~520~~983,~~017~~762.69 97 91,~~950~~575.3721 0.00 0.00 II-A-1 88,870,500.00 5.~~76633~~68371% 5647,~~271~~808,~~600~~862.2316 ~~270~~226,~~400~~443.5013 0.00 0.00 II-A-2 147,280,600.00 6.~~42011~~37894% 7668,~~658~~311,~~755~~547.0412 ~~410~~363,~~131~~129.1825 0.00 0.00 I-M-1 36,444,400.00 5.~~48114~~48620% 36,~~257~~229,~~210~~971.3686 165,~~609~~637.1331 0.00 0.00 R-I 50.00 5.~~23765~~23597% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 5.~~23765~~23597% 0.00 0.00 0.00 0.00 I-B-1 9,017,200.00 5.~~48114~~48620% 8,~~970~~964,~~884~~145.8945 40,~~975~~982.5956 0.00 0.00 I-B-2 6,011,500.00 5.~~48114~~48620% 5,~~980~~976,~~623~~130.0910 27,~~317~~321.2186 0.00 0.00 I-B-3 4,133,000.00 5.~~48114~~48620% 4,~~111~~108,~~771~~682.64 18,~~781~~784.0120 0.00 0.00 I-B-4 1,502,800.00 5.~~48114~~48620% 1,~~495~~493,~~081~~957.1697 6,~~828~~830.9612 0.00 0.00 I-B-5 1,502,800.00 5.~~48114~~48620% 1,~~495~~493,~~081~~957.1697 6,~~828~~830.9612 0.00 0.00 I-B-6 1,503,055.55 5.~~48114~~48620% 1,~~495~~494,~~334~~211.8547 6,~~830~~831.1228 0.00 0.00 II-B-1 2,556,300.00 6.~~17461~~11795% 2,~~548~~547,~~940~~910.0031 1312,~~115~~989.5899 0.00 0.00 II-B-2 1,947,500.00 6.~~17461~~11795% 1,941,~~892~~108.8337 9,~~992~~896.0234 0.00 0.00 II-B-3 1,339,000.00 6.~~17461~~11795% 1,~~335~~334,~~144~~605.8045 6,~~869~~804.9921 0.00 0.00 II-B-4 487,000.00 6.~~17461~~11795% 485,~~597~~401.8568 2,~~498~~474.6572 0.00 0.00 II-B-5 243,400.00 6.~~17461~~11795% 242,~~699~~601.2117 1,~~248~~236.8185 0.00 0.00 II-B-6 730,515.72 6.~~17461~~11795% 728,~~411~~117.7247 3,~~748~~712.0516 0.00 0.00 Totals 994,886,121.27 32,~~249~~815,~~088~~467.1821 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-1 132,~~861~~655.39 0.00 ~~886~~713,~~769~~613.0805 0.00 ~~151~~123,~~648~~044,~~550~~343.3570 1-A-2 183,~~014~~795.7234 0.00 1,~~152~~019,~~474~~963.3913 0.00 ~~228~~199,~~445~~514,~~212~~646.9330 1-A-3 ~~1,367~~311.3526 0.00 8783,~~475~~649.1272 0.00 1815,~~743~~679,~~748~~323.30 1-A-4 ~~1,507~~339.5349 0.00 9691,~~442~~235.8372 0.00 2018,~~983~~802,~~762~~844.9706 II-A-1 310,~~908~~480.9018 0.00 ~~266~~215,~~491~~962.6095 0.00 4739,~~808~~158,~~862~~077.1612 II-A-2 516,~~928~~806.8425 0.00 ~~404~~346,~~202~~323.3400 0.00 6851,~~311~~328,~~547~~427.1299 I-M-1 ~~2,548~~614.8506 0.00 ~~163~~165,~~060~~023.2825 0.00 36,~~229~~202,~~971~~385.8618 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 I-B-1 ~~630~~151.6593 0.00 40,~~344~~830.9463 0.00 8,~~964~~957,~~145~~319.4585 I-B-2 ~~420~~101.4329 0.00 2627,~~896~~220.7857 0.00 5,~~976~~971,~~130~~579.1068 I-B-3 ~~289~~69.0564 0.00 18,~~491~~714.9556 0.00 4,~~108~~105,~~682~~554.6416 I-B-4 ~~105~~25.1032 0.00 6,~~723~~804.8680 0.00 1,~~493~~492,~~957~~820.9742 I-B-5 ~~105~~25.1032 0.00 6,~~723~~804.8680 0.00 1,~~493~~492,~~957~~820.9742 I-B-6 ~~105~~25.1233 0.00 6,~~725~~805.0096 0.00 1,~~494~~493,~~211~~073.4772 II-B-1 ~~189~~601.6020 0.00 12,~~925~~388.9979 0.00 2,~~547~~546,~~910~~887.3165 II-B-2 ~~144~~458.4402 0.00 9,~~847~~438.5832 0.00 1,~~941~~940,~~108~~329.3727 II-B-3 99314.3191 0.00 6,~~770~~489.6830 0.00 1,334,~~605~~069.4578 II-B-4 36114.1253 0.00 2,~~462~~360.5318 0.00 485,~~401~~206.6886 II-B-5 1857.0524 0.00 1,~~230~~179.7661 0.00 242,~~601~~503.1780 II-B-6 54171.1880 0.00 3,~~693~~540.8635 0.00 ~~728~~727,~~117~~825.4722 Totals 4937,~~334~~118.7350 0.00 32,~~199~~778,~~753~~348.4369 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-1 275,035,500.00 5.~~66331~~66786% ~~693~~551.~~85516110~~37809610 32.~~27459717~~60427632 0.00000000 0.00000000 1-A-2 354,767,200.00 5.~~37330~~37770% ~~736~~643.~~82497438~~92991497 32.~~29931603~~88571906 0.00000000 0.00000000 1-A-3 27,227,300.00 5.~~37281~~37530% ~~728~~688.~~77884440~~41744499 3.~~26299229~~08370606 0.00000000 0.00000000 1-A-4 34,286,400.00 5.~~21938~~23692% ~~656~~612.~~82071288~~01417967 2.~~85682866~~67089021 0.00000000 0.00000000 II-A-1 88,870,500.00 5.~~76633~~68371% ~~633~~537.~~18649304~~96098998 32.~~04263507~~54801233 0.00000000 0.00000000 II-A-2 147,280,600.00 6.~~42011~~37894% ~~520~~463.~~49458680~~81904419 2.~~78469248~~46556064 0.00000000 0.00000000 I-M-1 36,444,400.00 5.~~48114~~48620% 994.~~86369264~~11629386 4.~~54415850~~54493173 0.00000000 0.00000000 R-I 50.00 5.~~23765~~23597% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 5.~~23765~~23597% 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 9,017,200.00 5.~~48114~~48620% 994.~~86369272~~11629442 4.~~54415894~~54493191 0.00000000 0.00000000 I-B-2 6,011,500.00 5.~~48114~~48620% 994.~~86369292~~11629377 4.~~54415870~~54493221 0.00000000 0.00000000 I-B-3 4,133,000.00 5.~~48114~~48620% 994.~~86369223~~11629325 4.~~54415921~~54493104 0.00000000 0.00000000 I-B-4 1,502,800.00 5.~~48114~~48620% 994.~~86369444~~11629625 4.~~54415757~~54492946 0.00000000 0.00000000 I-B-5 1,502,800.00 5.~~48114~~48620% 994.~~86369444~~11629625 4.~~54415757~~54492946 0.00000000 0.00000000 I-B-6 1,503,055.55 5.~~48114~~48620% 994.~~86333023~~11593271 4.~~54415673~~54492850 0.00000000 0.00000000 II-B-1 2,556,300.00 6.~~17461~~11795% ~~997~~996.~~12083871~~71803388 5.~~13068889~~08155928 0.00000000 0.00000000 II-B-2 1,947,500.00 6.~~17461~~11795% ~~997~~996.~~12083697~~71803338 5.~~13069063~~08156098 0.00000000 0.00000000 II-B-3 1,339,000.00 6.~~17461~~11795% ~~997~~996.~~12083645~~71803585 5.~~13068708~~08156087 0.00000000 0.00000000 II-B-4 487,000.00 6.~~17461~~11795% ~~997~~996.~~12084189~~71802875 5.~~13069815~~08156057 0.00000000 0.00000000 II-B-5 243,400.00 6.~~17461~~11795% ~~997~~996.~~12082991~~71803615 5.~~13069022~~08155300 0.00000000 0.00000000 II-B-6 730,515.72 6.~~17461~~11795% ~~997~~996.~~11984295~~71704532 5.~~13069041~~08156074 0.00000000 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.~~05039855~~00965472 0.00000000 32.~~22419862~~59462160 0.00000000 ~~551~~447.~~37809610~~37622489 1-A-2 0.~~05077899~~01069811 0.00000000 32.~~24853704~~87502094 0.00000000 ~~643~~562.~~92991497~~38188395 1-A-3 0.~~05021982~~01143191 0.00000000 3.~~21277247~~07227378 0.00000000 ~~688~~575.~~41744499~~86772467 1-A-4 0.~~04396875~~00990159 0.00000000 2.~~81285962~~66098861 0.00000000 ~~612~~548.~~01417967~~40531698 II-A-1 0.~~04398422~~11792642 0.00000000 2.~~99865085~~43008591 0.00000000 ~~537~~440.~~96098998~~61952076 II-A-2 0.~~04025540~~11411041 0.00000000 2.~~74443708~~35145022 0.00000000 ~~463~~348.~~81904419~~50773279 I-M-1 0.~~06993804~~01684923 0.00000000 4.~~47422046~~52808250 0.00000000 ~~994~~993.~~11629386~~35934135 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.~~06993856~~01684891 0.00000000 4.~~47422038~~52808300 0.00000000 ~~994~~993.~~11629442~~35934104 I-B-2 0.~~06993762~~01684937 0.00000000 4.~~47422108~~52808284 0.00000000 ~~994~~993.~~11629377~~35934126 I-B-3 0.~~06993709~~01684975 0.00000000 4.~~47421970~~52808130 0.00000000 ~~994~~993.~~11629325~~35934188 I-B-4 0.~~06993612~~01684855 0.00000000 4.~~47422145~~52808092 0.00000000 ~~994~~993.~~11629625~~35934256 I-B-5 0.~~06993612~~01684855 0.00000000 4.~~47422145~~52808092 0.00000000 ~~994~~993.~~11629625~~35934256 I-B-6 0.~~06993753~~01685234 0.00000000 4.~~47421920~~52808281 0.00000000 ~~994~~993.~~11593271~~35897466 II-B-1 0.~~07416970~~23518366 0.00000000 54.~~05652310~~84637562 0.00000000 996.~~71803388~~31797911 II-B-2 0.~~07416688~~23518357 0.00000000 54.~~05652375~~84637741 0.00000000 996.~~71803338~~31798203 II-B-3 0.~~07416729~~23518297 0.00000000 54.~~05651979~~84637789 0.00000000 996.~~71803585~~31798357 II-B-4 0.~~07416838~~23517454 0.00000000 54.~~05652977~~84636550 0.00000000 996.~~71802875~~31798768 II-B-5 0.~~07415776~~23516845 0.00000000 54.~~05653246~~84638455 0.00000000 996.~~71803615~~31799507 II-B-6 0.~~07416678~~23517632 0.00000000 54.~~05650994~~84637073 0.00000000 996.~~71704532~~31698549 (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 9491,~~986~~371,~~326~~691.2294 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2239,~~738~~247.2909 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 9591,~~009~~410,~~064~~939.5103 Withdrawals Reimbursement for Servicer Advances 422,~~103~~738.1429 Payment of Service Fee ~~169~~147,~~832~~404.7477 Payment of Interest and Principal 9491,~~835~~240,~~128~~795.6397 Total Withdrawals (Pool Distribution Amount) 9591,~~009~~410,~~064~~939.5103 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~49,334~~0.7500 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 4937,~~334~~118.7350

SERVICING FEES Gross Servicing Fee ~~169~~147,~~549~~122.6833 Additional Servicing Fee ~~283~~282.0644 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~169~~147,~~832~~404.7477

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 1 560,000.00 0.00 0.00 560,000.00 30 Days 712 0 0 0 712 35,~~202~~063,~~218~~240.4749 0.00 0.00 0.00 35,~~202~~063,~~218~~240.4749 60 Days 1 0 0 0 1 499,~~759~~500.4200 0.00 0.00 0.00 499,~~759~~500.4200 90 Days 02 0 0 0 02 0897,396.0081 0.00 0.00 0.00 0897,396.0081 120 Days 0 0 10 0 10 0.00 0.00 ~~368,219~~0.7900 0.00 ~~368,219~~0.7900 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 01 0 01 0.00 0.00 0368,219.0079 0.00 0368,219.0079 Totals 815 1 1 0 1017 36,~~701~~460,~~977~~137.8930 560,000.00 368,219.79 0.00 47,~~630~~388,~~197~~357.6809 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.~~072622~~083963% 0.000000% 0.000000% 0.~~072622~~083963% 0.~~092822~~108780% 0.000000% 0.000000% 0.~~092822~~108780% 30 Days 01.~~508351~~007557% 0.000000% 0.000000% 0.000000% 01.~~508351~~007557% 0.~~530777~~983535% 0.000000% 0.000000% 0.000000% 0.~~530777~~983535% 60 Days 0.~~072622~~083963% 0.000000% 0.000000% 0.000000% 0.~~072622~~083963% 0.~~082837~~097028% 0.000000% 0.000000% 0.000000% 0.~~082837~~097028% 90 Days 0.~~000000~~167926% 0.000000% 0.000000% 0.000000% 0.~~000000~~167926% 0.~~000000~~174320% 0.000000% 0.000000% 0.000000% 0.~~000000~~174320% 120 Days 0.000000% 0.000000% 0.~~072622~~000000% 0.000000% 0.~~072622~~000000% 0.000000% 0.000000% 0.~~061033~~000000% 0.000000% 0.~~061033~~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~~083963% 0.000000% 0.~~000000~~083963% 0.000000% 0.000000% 0.~~000000~~071527% 0.000000% 0.~~000000~~071527% Totals 01.~~580973~~259446% 0.~~072622~~083963% 0.~~072622~~083963% 0.000000% 01.~~726216~~427372% 01.~~613613~~254883% 0.~~092822~~108780% 0.~~061033~~071527% 0.000000% 01.~~767469~~435190%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP I-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 12 0 0 0 12 ~~404~~872,~~270~~806.5134 0.00 0.00 0.00 ~~404~~872,~~270~~806.5134 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~404~~872,~~270~~806.5134 0.00 0.00 0.00 ~~404~~872,~~270~~806.5134 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~257732~~606061% 0.000000% 0.000000% 0.000000% 0.~~257732~~606061% 0.~~230309~~594123% 0.000000% 0.000000% 0.000000% 0.~~230309~~594123% 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.~~257732~~606061% 0.000000% 0.000000% 0.000000% 0.~~257732~~606061% 0.~~230309~~594123% 0.000000% 0.000000% 0.000000% 0.~~230309~~594123% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP I-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 36 0 0 0 36 12,~~542~~476,~~819~~010.4075 0.00 0.00 0.00 12,~~542~~476,~~819~~010.4075 60 Days 01 0 0 0 01 0499,500.00 0.00 0.00 0.00 0499,500.00 90 Days 01 0 0 0 01 0397,637.0039 0.00 0.00 0.00 0397,637.0039 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 38 0 0 0 38 13,~~542~~373,~~819~~148.4014 0.00 0.00 0.00 13,~~542~~373,~~819~~148.4014 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~517241~~153846% 0.000000% 0.000000% 0.000000% 01.~~517241~~153846% 01.~~595084~~075229% 0.000000% 0.000000% 0.000000% 01.~~595084~~075229% 60 Days 0.~~000000~~192308% 0.000000% 0.000000% 0.000000% 0.~~000000~~192308% 0.~~000000~~216912% 0.000000% 0.000000% 0.000000% 0.~~000000~~216912% 90 Days 0.~~000000~~192308% 0.000000% 0.000000% 0.000000% 0.~~000000~~192308% 0.~~000000~~172677% 0.000000% 0.000000% 0.000000% 0.~~000000~~172677% 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.~~517241~~538462% 0.000000% 0.000000% 0.000000% 01.~~517241~~538462% 01.~~595084~~464818% 0.000000% 0.000000% 0.000000% 01.~~595084~~464818% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP I-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 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 I-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 01 0 0 0 01 0561,452.0037 0.00 0.00 0.00 0561,452.0037 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 ~~368,219~~0.7900 0.00 ~~368,219~~0.7900 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 01 0 01 0.00 0.00 0368,219.0079 0.00 0368,219.0079 Totals 01 0 1 0 12 0561,452.0037 0.00 368,219.79 0.00 ~~368~~929,~~219~~672.7916 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~222222% 0.000000% 0.000000% 0.000000% 02.~~000000~~222222% 02.~~000000~~578135% 0.000000% 0.000000% 0.000000% 02.~~000000~~578135% 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% 20.000000% 0.000000% 20.000000% 0.000000% 0.000000% 10.~~536693~~000000% 0.000000% 10.~~536693~~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% 02.~~000000~~222222% 0.000000% 02.~~000000~~222222% 0.000000% 0.000000% 01.~~000000~~690830% 0.000000% 01.~~000000~~690830% Totals 02.~~000000~~222222% 0.000000% 2.~~000000~~222222% 0.000000% 24.~~000000~~444444% 02.~~000000~~578135% 0.000000% 1.~~536693~~690830% 0.000000% 14.~~536693~~268965% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP II-1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP II-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 1 0 0 1 560,000.00 0.00 0.00 560,000.00 30 Days 3 0 0 0 3 1,~~255~~152,~~128~~971.5603 0.00 0.00 0.00 1,~~255~~152,~~128~~971.5603 60 Days 10 0 0 0 10 ~~499,759~~0.4200 0.00 0.00 0.00 ~~499,759~~0.4200 90 Days 01 0 0 0 01 0499,759.0042 0.00 0.00 0.00 0499,759.0042 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 1 0 0 5 1,~~754~~652,~~887~~730.9845 560,000.00 0.00 0.00 2,~~314~~212,~~887~~730.9845 0-29 Days 0.~~581395~~740741% 0.000000% 0.000000% 0.~~581395~~740741% 01.~~768465~~002079% 0.000000% 0.000000% 01.~~768465~~002079% 30 Days 12.~~744186~~222222% 0.000000% 0.000000% 0.000000% 12.~~744186~~222222% 12.~~722362~~063158% 0.000000% 0.000000% 0.000000% 12.~~722362~~063158% 60 Days 0.~~581395~~000000% 0.000000% 0.000000% 0.000000% 0.~~581395~~000000% 0.~~685799~~000000% 0.000000% 0.000000% 0.000000% 0.~~685799~~000000% 90 Days 0.~~000000~~740741% 0.000000% 0.000000% 0.000000% 0.~~000000~~740741% 0.~~000000~~894283% 0.000000% 0.000000% 0.000000% 0.~~000000~~894283% 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 2.~~325581~~962963% 0.~~581395~~740741% 0.000000% 0.000000% 23.~~906977~~703704% 2.~~408161~~957441% 01.~~768465~~002079% 0.000000% 0.000000% 3.~~176626~~959520%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2239,~~738~~247.2909

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~913346~~915003% Weighted Average Net Coupon 5.~~620438~~622214% Weighted Average Pass-Through Rate 5.~~614131~~615336% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count 1,~~567~~377 Number Of Loans Paid In Full ~~190~~186 Ending Scheduled Collateral Loan Count 1,~~377~~191 Beginning Scheduled Collateral Balance ~~694~~602,~~617~~982,~~861~~486.8867 Ending Scheduled Collateral Balance ~~602~~514,~~982~~520,~~486~~039.6740 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~603~~514,~~307~~800,~~765~~010.6550 Monthly P &I Constant 3,~~899~~392,~~972~~188.8870 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~602~~514,~~982~~520,~~486~~039.6740 Scheduled Principal ~~477~~419,~~042~~986.9205 Unscheduled Principal 9188,~~158~~042,~~332~~461.2922

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group I-1 8886.~~905386~~434779% Senior Percentage Group I-2 8988.~~498014~~171149% Senior Percentage Group I-3 8988.~~376965~~828966% Senior Percentage Group I-4 8887.~~385259~~651734% Senior Percentage Group II-1 9594.~~365357~~592947% Senior Percentage Group II-2 9493.~~399534~~759230% Senior Prep. Percentage Group I-1 100.000000% Senior Prep. Percentage Group I-2 100.000000% Senior Prep. Percentage Group I-3 100.000000% Senior Prep. Percentage Group I-4 100.000000% Senior Prep. Percentage Group II-1 100.000000% Senior Prep. Percentage Group II-2 100.000000% Subordinate Percentage Group I-1 1113.~~094614~~565221% Subordinate Percentage Group I-2 1011.~~501986~~828851% Subordinate Percentage Group I-3 1011.~~623035~~171034% Subordinate Percentage Group I-4 1112.~~614741~~348266% Subordinate Percentage Group II-1 45.~~634643~~407053% Subordinate Percentage Group II-2 56.~~600466~~240770% Sub Prep. Percentage Group I-1 0.000000% Sub Prep. Percentage Group I-2 0.000000% Sub Prep. Percentage Group I-3 0.000000% Sub Prep. Percentage Group I-4 0.000000% Sub Prep. Percentage Group II-1 0.000000% Sub Prep. Percentage Group II-2 0.000000%

Group Level Collateral Statement Group GROUP I-1 GROUP I-2 GROUP I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~006864~~012261 5.~~635220~~640273 5.~~715270~~719004 Weighted Average Net Rate 5.~~664209~~668956 5.~~381116~~385651 5.~~391262~~394662 Weighted Average Maturity ~~351~~350 ~~352~~ 351 350 Beginning Loan Count ~~460~~388 ~~652~~580 5754 Loans Paid In Full 7258 7260 37 Ending Loan Count ~~388~~330 ~~580~~520 5447 Beginning Scheduled Balance ~~214~~175,~~649~~448,~~314~~531.4649 ~~292~~259,~~075~~092,~~010~~929.8899 2221,~~201~~100,~~112~~941.2264 Ending scheduled Balance ~~175~~146,~~448~~829,~~531~~842.4965 ~~259~~230,~~092~~135,~~929~~775.9951 2118,~~100~~035,~~941~~271.6459 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant 1985,~~205,458~~794.2995 1,~~618~~442,~~787~~566.7697 ~~117~~111,~~397~~708.8296 Scheduled Principal ~~130~~106,~~983~~759.9370 ~~247~~224,~~198~~771.6522 11,~~660~~145.0331 Unscheduled Principal 3928,~~069~~511,~~799~~929.0414 3228,~~734~~732,~~882~~383.2426 13,~~088~~054,~~510~~524.5574 Scheduled Interest 1879,~~074,474~~035.3625 1,~~371~~217,~~589~~795.1175 ~~105~~100,~~737~~563.7965 Servicing Fees 6150,~~292~~193.1463 6154,~~847~~975.7361 5,~~994~~703.4527 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 160.9480 1,~~903~~716.2944 ~~341~~340.3755 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 1828,~~013,021~~680.2882 1,~~307~~161,~~838~~103.0970 9994,~~401~~519.9783 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.~~663310~~667856 5.~~373297~~377701 5.~~372811~~375295

Group Level Collateral Statement Group GROUP I-4 GROUP II-1 GROUP II-2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~505647~~525486 6.~~066736~~046263 6.~~737105~~751467 Weighted Average Net Rate 5.~~251885~~271484 5.~~771757~~744992 6.~~433840~~446873 Weighted Average Maturity ~~352~~351 ~~347~~346 ~~338~~337 Beginning Loan Count 5450 ~~152~~133 ~~192~~172 Loans Paid In Full 45 19 2037 Ending Loan Count 5045 ~~133~~114 ~~172~~135 Beginning Scheduled Balance 2523,~~479~~939,~~382~~929.0320 5950,~~006~~541,~~333~~677.1261 8172,~~206~~858,~~709~~476.1774 Ending scheduled Balance 2321,~~939~~755,~~929~~821.2036 5041,~~541~~889,~~677~~004.6120 7255,~~858~~874,~~476~~324.7409 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~144~~136,~~435~~058.3207 ~~339~~289,~~685~~580.1994 ~~474~~426,~~208~~478.5081 Scheduled Principal 2725,~~534~~824.9295 4134,~~372~~924.0006 1816,~~293~~560.3981 Unscheduled Principal 12,~~511~~158,~~917~~282.9189 8,~~423~~617,~~283~~749.5135 816,~~329~~967,~~939~~591.0484 Scheduled Interest ~~116~~110,~~900~~233.4012 ~~298~~254,~~313~~656.1988 ~~455~~409,~~915~~918.1100 Servicing Fees 5,~~388~~067.0932 1412,~~504~~688.6795 2018,~~522~~493.6055 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 ~~690~~689.2558 65.4033 ~~489~~483.3643 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 ~~110~~104,~~822~~476.0622 ~~283~~241,~~743~~902.1260 ~~434~~390,~~903~~941.1502 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.~~219376~~236919 5.~~770427~~743440 6.~~426609~~438911

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~913346~~915003 Weighted Average Net Rate 5.~~620438~~622214 Weighted Average Maturity ~~349~~348.00 Record Date 0708/31/2003 Principal And Interest Constant 3,~~899~~392,~~972~~188.8870 Beginning Loan Count 1,~~567~~377 Loans Paid In Full ~~190~~186 Ending Loan Count 1,~~377~~191 Beginning Scheduled Balance ~~694~~602,~~617~~982,~~861~~486.8867 Ending Scheduled Balance ~~602~~514,~~982~~520,~~486~~039.6740 Scheduled Principal ~~477~~419,~~042~~986.9205 Unscheduled Principal 9188,~~158~~042,~~332~~461.2922 Scheduled Interest 32,~~422~~972,~~929~~202.9665 Servicing Fee ~~169~~147,~~549~~122.6833 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,~~650~~456.6113 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 32,~~249~~821,~~729~~624.6719 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.~~614131~~615336

Filing Compare · STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-11