8-K 1 bst02007.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 2002-7 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 September 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 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 2002-7 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: 9/24/03 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 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: 2002-7 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.~~59947~~59141% 4742,~~978~~614,~~553~~116.6427 ~~221~~196,~~492~~696.2048 5,~~364~~884,~~437~~554.3868 II-A 07384MMS8 SEN 5.~~77451~~77241% 1816,~~177~~459,~~917~~887.3958 8678,~~541~~434.30 12,~~718~~833,~~029~~289.8195 III-A 07384MMT6 SEN 6.~~05807~~05250% 1413,~~547~~363,~~286~~727.2850 7266,~~657~~770.4546 1701,~~183,558~~465.7853 IV-A 07384MMU3 SEN 6.~~50634~~52838% 87,~~191~~815,~~156~~826.8099 4342,~~938~~121.5635 ~~375~~1,~~329~~667,247.8016 V-A-1 07384MMV1 SEN 5.~~29924~~29489% 2117,~~053~~898,~~165~~378.2311 9178,~~980~~233.3639 32,~~154~~191,~~787~~929.1275 V-A-2 07384MNE8 SEN 5.~~79424~~78989% 4437,~~163~~545,~~555~~709.5502 ~~210~~179,~~971~~453.9060 64,~~617~~598,~~846~~045.5248 V-X 07384MNF5 SEN 0.49500% 0.00 87,~~591~~313.8576 0.00 VI-A 07384MMW9 SEN 5.~~60793~~60502% 3127,~~589~~257,~~189~~994.4127 ~~146~~126,~~051~~122.2663 4,~~331~~179,~~195~~302.1594 VI-X 07384MNG3 SEN 0.47900% 0.00 1210,~~474~~778.9333 0.00 VII-A 07384MMX7 SEN 5.~~54535~~54113% 3529,~~115~~485,~~654~~101.1172 ~~160~~134,~~543~~872.9331 54,~~630~~480,~~552~~645.4073 VII-X 07384MNH1 SEN 0.64700% 0.00 1815,~~731~~748.3512 0.00 B-1 07384MNB4 SUB 5.~~91559~~91337% 7,~~573~~106,~~143~~788.0383 3634,~~935~~692.0110 ~~466~~481,~~354~~138.2024 B-2 07384MNC2 SUB 5.~~91559~~91337% 54,~~149~~832,~~986~~850.6645 2523,~~117~~591.0377 ~~317~~327,~~136~~189.2185 B-3 07384MND0 SUB 5.~~91559~~91337% 32,~~029~~842,~~274~~732.7801 1413,~~774~~876.0992 ~~186~~192,~~542~~456.7641 B-4 07384MNJ7 SUB 5.~~91559~~91337% 1,~~514~~421,~~681~~407.3021 76,~~387~~938.2666 9396,~~274~~231.0800 B-5 07384MNL2 SUB 5.~~91559~~91337% 1,~~211~~137,~~709~~092.9181 5,~~909~~550.6477 7476,~~617~~982.1057 B-6 07384MNN8 SUB 5.~~91559~~91337% 1,~~211~~137,~~985~~351.1813 5,~~910~~552.9803 7477,~~634~~000.0605 R-I 07384MMZ2 SEN 5.~~64040~~64063% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64040~~64063% 0.00 0.00 0.00 Totals ~~240~~210,~~507~~918,~~259~~963.2790 1,~~170~~026,~~009~~746.1098 2927,~~588~~787,~~295~~479.3734

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 4236,~~614~~729,~~116~~561.2759 56,~~585~~081,~~929~~251.5816 0.00 II-A 0.00 1613,~~459~~626,~~887~~597.5864 12,~~804~~911,~~571~~724.1125 0.00 III-A 0.00 1312,~~363~~662,~~727~~261.5096 1768,~~256,216~~235.2399 0.00 IV-A 0.00 76,~~815~~148,~~826~~579.9983 ~~419~~1,~~268~~709,368.3651 0.00 V-A-1 0.00 1715,~~898~~706,~~378~~448.1136 32,~~246~~270,~~767~~163.4814 0.00 V-A-2 0.00 3732,~~545~~947,~~709~~663.0255 64,~~828~~777,~~818~~499.4208 0.00 V-X 0.00 0.00 87,~~591~~313.8576 0.00 VI-A 0.00 2723,~~257~~078,~~994~~691.2733 4,~~477~~305,~~246~~425.4157 0.00 VI-X 0.00 0.00 1210,~~474~~778.9333 0.00 VII-A 0.00 2925,~~485~~004,~~101~~455.7298 54,~~791~~615,~~096~~518.3304 0.00 VII-X 0.00 0.00 1815,~~731~~748.3512 0.00 B-1 0.00 76,~~106~~625,~~788~~650.8359 ~~503~~515,~~289~~830.2134 0.00 B-2 0.00 4,~~832~~505,~~850~~660.4560 ~~342~~350,~~253~~781.2462 0.00 B-3 0.00 2,~~842~~650,~~732~~275.0160 ~~201~~206,~~316~~333.8533 0.00 B-4 0.00 1,~~421~~325,~~407~~176.2122 ~~100~~103,~~661~~169.3466 0.00 B-5 0.00 1,~~137~~060,~~092~~110.8124 8082,~~526~~533.7434 0.00 B-6 0.00 1,~~137~~060,351.1307 8082,~~545~~552.0408 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 ~~210~~183,~~918~~131,~~963~~484.9056 3028,~~758~~814,~~304~~226.4732 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 4742,~~978~~614,~~553~~116.6427 5347,~~090~~465.2795 5,~~311~~837,~~347~~088.1172 0.00 0.00 II-A 59,280,900.00 1816,~~177~~459,~~917~~887.3958 2018,~~222~~472.3152 12,~~697~~814,~~807~~817.5042 0.00 0.00 III-A 30,541,200.00 1413,~~547~~363,~~286~~727.2850 65,~~281~~893.1249 1695,~~177,277~~572.6605 0.00 0.00 IV-A 46,458,500.00 87,~~191~~815,~~156~~826.8099 9,~~515~~177.8029 ~~365~~1,~~814~~658,069.0087 0.00 0.00 V-A-1 70,000,000.00 2117,~~053~~898,~~165~~378.2311 2420,~~395~~521.9936 32,~~130~~171,~~391~~408.1339 0.00 0.00 V-A-2 146,840,100.00 4437,~~163~~545,~~555~~709.5502 5143,~~175~~047.8597 64,~~566~~554,~~670~~997.6751 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 3127,~~589~~257,~~189~~994.4127 1,166.6746 4,~~330~~178,~~028~~136.4849 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 3529,~~115~~485,~~654~~101.1172 3228,~~152~~611.5155 54,~~598~~452,~~399~~034.8818 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,~~573~~106,~~143~~788.0383 76,~~128~~759.2589 ~~459~~474,~~225~~378.9536 0.00 0.00 B-2 5,864,400.00 54,~~149~~832,~~986~~850.6645 4,~~847~~596.4595 ~~312~~322,~~288~~592.7790 0.00 0.00 B-3 3,449,500.00 32,~~029~~842,~~274~~732.7801 2,~~851~~703.3297 ~~183~~189,~~691~~752.44 0.00 0.00 B-4 1,724,800.00 1,~~514~~421,~~681~~407.3021 1,~~425~~352.7002 9194,~~848~~878.3897 0.00 0.00 B-5 1,379,800.00 1,~~211~~137,~~709~~092.9181 1,~~140~~081.5359 7375,~~476~~900.5898 0.00 0.00 B-6 1,380,114.00 1,~~211~~137,~~985~~351.1813 1,~~140~~081.7983 7375,~~493~~918.2722 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 ~~240~~210,~~507~~918,~~259~~963.2790 ~~216~~191,~~534~~932.5684 2927,~~371~~595,~~760~~546.8250 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 5,~~364~~884,~~437~~554.3868 4236,~~614~~729,~~116~~561.2759 0.~~32907060~~28362946 5,~~364~~884,~~437~~554.3868 II-A 12,~~718~~833,~~029~~289.8195 1613,~~459~~626,~~887~~597.5864 0.~~27765921~~22986489 12,~~718~~833,~~029~~289.8195 III-A 1701,~~183,558~~465.7853 1312,~~363~~662,~~727~~261.5096 0.~~43756393~~41459609 1701,~~183,558~~465.7853 IV-A ~~375~~1,~~329~~667,247.8016 76,~~815~~148,~~826~~579.9983 0.~~16823244~~13234564 ~~375~~1,~~329~~667,247.8016 V-A-1 32,~~154~~191,~~787~~929.1275 1715,~~898~~706,~~378~~448.1136 0.~~25569112~~22437783 32,~~154~~191,~~787~~929.1275 V-A-2 64,~~617~~598,~~846~~045.5248 3732,~~545~~947,~~709~~663.0255 0.~~25569112~~22437783 64,~~617~~598,~~846~~045.5248 V-X 0.00 0.00 0.00000000 0.00 VI-A 4,~~331~~179,~~195~~302.1594 2723,~~257~~078,~~994~~691.2733 0.~~36962598~~31295347 4,~~331~~179,~~195~~302.1594 VI-X 0.00 0.00 0.00000000 0.00 VII-A 54,~~630~~480,~~552~~645.4073 2925,~~485~~004,~~101~~455.7298 0.~~26534588~~22502311 54,~~630~~480,~~552~~645.4073 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~466~~481,~~354~~138.2024 76,~~106~~625,~~788~~650.8359 0.~~82409973~~76830718 ~~466~~481,~~354~~138.2024 B-2 ~~317~~327,~~136~~189.2185 4,~~832~~505,~~850~~660.4560 0.~~82409973~~76830718 ~~317~~327,~~136~~189.2185 B-3 ~~186~~192,~~542~~456.7641 2,~~842~~650,~~732~~275.0160 0.~~82409973~~76830717 ~~186~~192,~~542~~456.7641 B-4 9396,~~274~~231.0800 1,~~421~~325,~~407~~176.2122 0.~~82409973~~76830718 9396,~~274~~231.0800 B-5 7476,~~617~~982.1057 1,~~137~~060,~~092~~110.8124 0.~~82409973~~76830717 7476,~~617~~982.1057 B-6 7477,~~634~~000.0605 1,~~137~~060,351.1307 0.~~82409941~~76830687 7477,~~634~~000.0605 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 2927,~~588~~787,~~295~~479.3734 ~~210~~183,~~918~~131,~~963~~484.9056 0.~~30572139~~26544418 2927,~~588~~787,~~295~~479.3734

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 ~~370~~329.~~49533925~~07060064 0.~~40996854~~36653696 4145.~~01477014~~07460108 0.00000000 II-A 59,280,900.00 ~~306~~277.~~64037472~~65920524 0.~~34112691~~31160998 2847.~~64004258~~48270387 0.00000000 III-A 30,541,200.00 ~~476~~437.~~31678781~~56393004 0.~~20566055~~19296851 3822.~~54719723~~77487623 0.00000000 IV-A 46,458,500.00 ~~176~~168.~~31126274~~23244379 0.~~20482366~~19753737 735.~~87399507~~68926827 0.00000000 V-A-1 70,000,000.00 ~~300~~255.~~75950329~~69111586 0.~~34851414~~29316229 4431.~~71987329~~02011986 0.00000000 V-A-2 146,840,100.00 ~~300~~255.~~75950336~~69111585 0.~~34851413~~29316222 4431.~~71987332~~02011991 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~428~~369.~~35819488~~62598407 0.~~01582037~~01581752 5856.~~71639058~~65669295 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 ~~316~~265.~~01702770~~34588187 0.~~28935074~~25748451 5040.~~38179509~~06528269 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~878~~824.~~17793175~~09972865 0.~~82658836~~78387351 5355.~~25161474~~00868073 0.00000000 B-2 5,864,400.00 ~~878~~824.~~17793125~~09972887 0.~~82658925~~78387388 5355.~~25161483~~00867949 0.00000000 B-3 3,449,500.00 ~~878~~824.~~17793303~~09972750 0.~~82658936~~78387303 5355.~~25161328~~00867952 0.00000000 B-4 1,724,800.00 ~~878~~824.~~17793367~~09972750 0.~~82658859~~78387059 5355.~~25161178~~00867927 0.00000000 B-5 1,379,800.00 ~~878~~824.~~17793158~~09973185 0.~~82659081~~78387447 5355.~~25161618~~00868242 0.00000000 B-6 1,380,114.00 ~~878~~824.~~17758533~~09940773 0.~~82659114~~78387003 5355.~~25159371~~00865871 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 4145.~~42473868~~44113811 ~~329~~283.~~07060064~~62946253 0.~~32907060~~28362946 4145.~~42473868~~44113811 II-A 0.00000000 2847.~~98116948~~79431402 ~~277~~229.~~65920524~~86489139 0.~~27765921~~22986489 2847.~~98116948~~79431402 III-A 0.00000000 3822.~~75285778~~96784442 ~~437~~414.~~56393004~~59608529 0.~~43756393~~41459609 3822.~~75285778~~96784442 IV-A 0.00000000 835.~~07881873~~88680564 ~~168~~132.~~23244379~~34563815 0.~~16823244~~13234564 835.~~07881873~~88680564 V-A-1 0.00000000 4531.~~06838743~~31328214 ~~255~~224.~~69111586~~37783371 0.~~25569112~~22437783 4531.~~06838743~~31328214 V-A-2 0.00000000 4531.~~06838745~~31328213 ~~255~~224.~~69111585~~37783378 0.~~25569112~~22437783 4531.~~06838745~~31328213 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 5856.~~73221095~~67251033 ~~369~~312.~~62598407~~95347374 0.~~36962598~~31295347 5856.~~73221095~~67251033 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 5040.~~67114593~~32276720 ~~265~~225.~~34588187~~02311457 0.~~26534588~~22502311 5040.~~67114593~~32276720 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 5455.~~07820309~~79255308 ~~824~~768.~~09972865~~30717557 0.~~82409973~~76830718 5455.~~07820309~~79255308 B-2 0.00000000 5455.~~07820237~~79255337 ~~824~~768.~~09972887~~30717550 0.~~82409973~~76830718 5455.~~07820237~~79255337 B-3 0.00000000 5455.~~07820264~~79255254 ~~824~~768.~~09972750~~30717495 0.~~82409973~~76830717 5455.~~07820264~~79255254 B-4 0.00000000 5455.~~07820037~~79255566 ~~824~~768.~~09972750~~30717764 0.~~82409973~~76830718 5455.~~07820037~~79255566 B-5 0.00000000 5455.~~07819974~~79255689 ~~824~~768.~~09973185~~30717495 0.~~82409973~~76830717 5455.~~07819974~~79255689 B-6 0.00000000 5455.~~07818485~~79252873 ~~824~~768.~~09940773~~30687175 0.~~82409941~~76830687 5455.~~07818485~~79252873 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.~~59947~~59141% 4742,~~978~~614,~~553~~116.6427 ~~223~~198,~~878~~560.8677 0.00 0.00 II-A 59,280,900.00 5.~~77451~~77241% 1816,~~177~~459,~~917~~887.3958 8779,~~473~~177.8270 0.00 0.00 III-A 30,541,200.00 6.~~05807~~05250% 1413,~~547~~363,~~286~~727.2850 7367,~~440~~403.3631 0.00 0.00 IV-A 46,458,500.00 6.~~50634~~52838% 87,~~191~~815,~~156~~826.8099 4442,~~412~~520.0258 0.00 0.00 V-A-1 70,000,000.00 5.~~29924~~29489% 2117,~~053~~898,~~165~~378.2311 9278,~~971~~974.4888 0.00 0.00 V-A-2 146,840,100.00 5.~~79424~~78989% 4437,~~163~~545,~~555~~709.5502 ~~213~~181,~~245~~154.2046 0.00 0.00 V-X 0.00 0.49500% 2117,~~053~~898,~~165~~378.2311 87,~~684~~383.4308 0.00 0.00 VI-A 73,744,800.00 5.~~60793~~60502% 3127,~~589~~257,~~189~~994.4127 ~~147~~127,~~625~~318.02 0.00 0.00 VI-X 0.00 0.47900% 3127,~~589~~257,~~189~~994.4127 1210,~~609~~880.3548 0.00 0.00 VII-A 111,119,500.00 5.~~54535~~54113% 3529,~~115~~485,~~654~~101.1172 ~~162~~136,~~273~~150.8563 0.00 0.00 VII-X 0.00 0.64700% 3529,~~115~~485,~~654~~101.1172 1815,~~933~~897.1938 0.00 0.00 B-1 8,623,700.00 5.~~91559~~91337% 7,~~573~~106,~~143~~788.0383 3735,~~333~~020.0091 0.00 0.00 B-2 5,864,400.00 5.~~91559~~91337% 54,~~149~~832,~~986~~850.6645 2523,~~387~~815.6737 0.00 0.00 B-3 3,449,500.00 5.~~91559~~91337% 32,~~029~~842,~~274~~732.7801 14,~~933~~008.2944 0.00 0.00 B-4 1,724,800.00 5.~~91559~~91337% 1,~~514~~421,~~681~~407.3021 7,~~466~~004.8643 0.00 0.00 B-5 1,379,800.00 5.~~91559~~91337% 1,~~211~~137,~~709~~092.9181 5,~~973~~603.3138 0.00 0.00 B-6 1,380,114.00 5.~~91559~~91337% 1,~~211~~137,~~985~~351.1813 5,~~974~~604.6765 0.00 0.00 R-I 50.00 5.~~64040~~64063% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64040~~64063% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 1,~~182~~036,~~616~~478.3847 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 21,~~386~~864.6629 0.00 ~~221~~196,~~492~~696.2048 0.00 4236,~~614~~729,~~116~~561.2759 II-A ~~932~~743.5140 0.00 8678,~~541~~434.30 0.00 1613,~~459~~626,~~887~~597.5864 III-A ~~782~~632.9185 0.00 7266,~~657~~770.4546 0.00 1312,~~363~~662,~~727~~261.5096 IV-A ~~473~~399.4523 0.00 4342,~~938~~121.5635 0.00 76,~~815~~148,~~826~~579.9983 V-A-1 ~~991~~741.1250 0.00 9178,~~980~~233.3639 0.00 1715,~~898~~706,~~378~~448.1136 V-A-2 21,~~273~~700.3086 0.00 ~~210~~179,~~971~~453.9060 0.00 3732,~~545~~947,~~709~~663.0255 V-X 9269.5832 0.00 87,~~591~~313.8576 0.00 1715,~~898~~706,~~378~~448.1136 VI-A 1,~~573~~195.7639 0.00 ~~146~~126,~~051~~122.2663 0.00 2723,~~257~~078,~~994~~691.2733 VI-X ~~134~~102.4216 0.00 1210,~~474~~778.9333 0.00 2723,~~257~~078,~~994~~691.2733 VII-A 1,~~729~~278.9232 0.00 ~~160~~134,~~543~~872.9331 0.00 2925,~~485~~004,~~101~~455.7298 VII-X ~~201~~149.8426 0.00 1815,~~731~~748.3512 0.00 2925,~~485~~004,~~101~~455.7298 B-1 ~~397~~328.9981 0.00 3634,~~935~~692.0110 0.00 76,~~106~~625,~~788~~650.8359 B-2 ~~270~~223.6560 0.00 2523,~~117~~591.0377 0.00 4,~~832~~505,~~850~~660.4560 B-3 ~~159~~131.2053 0.00 1413,~~774~~876.0992 0.00 2,~~842~~650,~~732~~275.0160 B-4 7965.6076 0.00 76,~~387~~938.2666 0.00 1,~~421~~325,~~407~~176.2122 B-5 6352.6861 0.00 5,~~909~~550.6477 0.00 1,~~137~~060,~~092~~110.8124 B-6 6352.6962 0.00 5,~~910~~552.9803 0.00 1,~~137~~060,351.1307 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 129,~~607~~731.2851 0.00 1,~~170~~026,~~009~~746.1098 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.~~59947~~59141% ~~370~~329.~~49533925~~07060064 1.~~72881565~~53330674 0.00000000 0.00000000 II-A 59,280,900.00 5.~~77451~~77241% ~~306~~277.~~64037472~~65920524 1.~~47558185~~33563593 0.00000000 0.00000000 III-A 30,541,200.00 6.~~05807~~05250% ~~476~~437.~~31678781~~56393004 2.~~40463243~~20696338 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~50634~~52838% ~~176~~168.~~31126274~~23244379 0.~~95595036~~91523790 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~29924~~29489% ~~300~~255.~~75950329~~69111586 1.~~32816400~~12821257 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~79424~~78989% ~~300~~255.~~75950336~~69111585 1.~~45222729~~23368521 0.00000000 0.00000000 V-X 0.00 0.49500% ~~300~~255.~~75950329~~69111586 0.~~12406329~~10547257 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~60793~~60502% ~~428~~369.~~35819488~~62598407 21.~~00183633~~72646776 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~428~~369.~~35819488~~62598407 0.~~17098629~~14754234 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~54535~~54113% ~~316~~265.~~01702770~~34588187 1.~~46035439~~22526316 0.00000000 0.00000000 VII-X 0.00 0.64700% ~~316~~265.~~01702770~~34588187 0.~~17038585~~14306562 0.00000000 0.00000000 B-1 8,623,700.00 5.~~91559~~91337% ~~878~~824.~~17793175~~09972865 4.~~32911627~~06100746 0.00000000 0.00000000 B-2 5,864,400.00 5.~~91559~~91337% ~~878~~824.~~17793125~~09972887 4.~~32911636~~06100709 0.00000000 0.00000000 B-3 3,449,500.00 5.~~91559~~91337% ~~878~~824.~~17793303~~09972750 4.~~32911726~~06100594 0.00000000 0.00000000 B-4 1,724,800.00 5.~~91559~~91337% ~~878~~824.~~17793367~~09972750 4.~~32911642~~06100997 0.00000000 0.00000000 B-5 1,379,800.00 5.~~91559~~91337% ~~878~~824.~~17793158~~09973185 4.~~32911291~~06100884 0.00000000 0.00000000 B-6 1,380,114.00 5.~~91559~~91337% ~~878~~824.~~17758533~~09940773 4.~~32911339~~06100511 0.00000000 0.00000000 R-I 50.00 5.~~64040~~64063% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64040~~64063% 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.~~01843003~~01439624 0.00000000 1.~~71038561~~51891050 0.00000000 ~~329~~283.~~07060064~~62946253 II-A 0.~~01573036~~01254030 0.00000000 1.~~45985132~~32309563 0.00000000 ~~277~~229.~~65920524~~86489139 III-A 0.~~02563455~~02072119 0.00000000 2.~~37899788~~18624219 0.00000000 ~~437~~414.~~56393004~~59608529 IV-A 0.~~01019082~~00859326 0.00000000 0.~~94575933~~90664464 0.00000000 ~~168~~132.~~23244379~~34563815 V-A-1 0.~~01415886~~01059286 0.00000000 1.~~31400514~~11761986 0.00000000 ~~255~~224.~~69111586~~37783371 V-A-2 0.~~01548147~~01158308 0.00000000 1.~~43674582~~22210214 0.00000000 ~~255~~224.~~69111585~~37783378 V-X 0.~~00132257~~00099029 0.00000000 0.~~12274071~~10448229 0.00000000 ~~255~~224.~~69111586~~37783371 VI-A 0.~~02134062~~01620982 0.00000000 1.~~98049571~~71025794 0.00000000 ~~369~~312.~~62598407~~95347374 VI-X 0.~~00182277~~00138532 0.00000000 0.~~16916352~~14615715 0.00000000 ~~369~~312.~~62598407~~95347374 VII-A 0.~~01556810~~01150401 0.00000000 1.~~44478629~~21375915 0.00000000 ~~265~~225.~~34588187~~02311457 VII-X 0.~~00181642~~00134324 0.00000000 0.~~16856942~~14172238 0.00000000 ~~265~~225.~~34588187~~02311457 B-1 0.~~04615072~~03812865 0.00000000 4.~~28296555~~02287881 0.00000000 ~~824~~768.~~09972865~~30717557 B-2 0.~~04615135~~03812837 0.00000000 4.~~28296671~~02287873 0.00000000 ~~824~~768.~~09972887~~30717550 B-3 0.~~04615162~~03813016 0.00000000 4.~~28296565~~02287868 0.00000000 ~~824~~768.~~09972750~~30717495 B-4 0.~~04615028~~03812616 0.00000000 4.~~28296614~~02287801 0.00000000 ~~824~~768.~~09972750~~30717764 B-5 0.~~04615162~~03812871 0.00000000 4.~~28296855~~02288013 0.00000000 ~~824~~768.~~09973185~~30717495 B-6 0.~~04614836~~03812729 0.00000000 4.~~28296503~~02287782 0.00000000 ~~824~~768.~~09940773~~30687175 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 3028,~~814~~868,~~734~~453.1793 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1012,~~837~~520.7329 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3028,~~825~~880,~~571~~974.9022 Withdrawals Reimbursement for Servicer Advances 310,~~380~~837.3973 Payment of Service Fee 6355,~~887~~910.0218 Payment of Interest and Principal 3028,~~758~~814,~~304~~226.4931 Total Withdrawals (Pool Distribution Amount) 3028,~~825~~880,~~571~~974.9022 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~12,607~~0.2600 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 129,~~607~~731.2851

SERVICING FEES Gross Servicing Fee 6355,~~887~~910.0218 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6355,~~887~~910.0218

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 65 0 0 0 65 1,~~414~~733,~~067~~165.9867 0.00 0.00 0.00 1,~~414~~733,~~067~~165.9867 60 Days 10 0 0 0 10 ~~496,117~~0.4400 0.00 0.00 0.00 ~~496,117~~0.4400 90 Days 01 0 0 0 01 0496,117.0044 0.00 0.00 0.00 0496,117.0044 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 76 0 0 0 76 12,~~910~~229,~~185~~283.4211 0.00 0.00 0.00 12,~~910~~229,~~185~~283.4211 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 1.~~117318~~066098% 0.000000% 0.000000% 0.000000% 1.~~117318~~066098% 0.~~669932~~945713% 0.000000% 0.000000% 0.000000% 0.~~669932~~945713% 60 Days 0.~~186220~~000000% 0.000000% 0.000000% 0.000000% 0.~~186220~~000000% 0.~~235042~~000000% 0.000000% 0.000000% 0.000000% 0.~~235042~~000000% 90 Days 0.~~000000~~213220% 0.000000% 0.000000% 0.000000% 0.~~000000~~213220% 0.~~000000~~270710% 0.000000% 0.000000% 0.000000% 0.~~000000~~270710% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~303538~~279318% 0.000000% 0.000000% 0.000000% 1.~~303538~~279318% 01.~~904974~~216423% 0.000000% 0.000000% 0.000000% 01.~~904974~~216423%

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 10 0 0 0 10 ~~496,117~~0.4400 0.00 0.00 0.00 ~~496,117~~0.4400 90 Days 01 0 0 0 01 0496,117.0044 0.00 0.00 0.00 0496,117.0044 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 496,117.44 0.00 0.00 0.00 496,117.44 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 10.~~098901~~000000% 0.000000% 0.000000% 0.000000% 10.~~098901~~000000% 10.~~072231~~000000% 0.000000% 0.000000% 0.000000% 10.~~072231~~000000% 90 Days 01.~~000000~~282051% 0.000000% 0.000000% 0.000000% 01.~~000000~~282051% 01.~~000000~~236045% 0.000000% 0.000000% 0.000000% 01.~~000000~~236045% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~098901~~282051% 0.000000% 0.000000% 0.000000% 1.~~098901~~282051% 1.~~072231~~236045% 0.000000% 0.000000% 0.000000% 1.~~072231~~236045% 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 10 0 0 0 10 ~~206,600~~0.00 0.00 0.00 0.00 ~~206,600~~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 10 0 0 0 10 ~~206,600~~0.00 0.00 0.00 0.00 ~~206,600~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~515152~~000000% 0.000000% 0.000000% 0.000000% 10.~~515152~~000000% 10.~~447516~~000000% 0.000000% 0.000000% 0.000000% 10.~~447516~~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 10.~~515152~~000000% 0.000000% 0.000000% 0.000000% 10.~~515152~~000000% 10.~~447516~~000000% 0.000000% 0.000000% 0.000000% 10.~~447516~~000000% 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 01 0 0 0 01 0347,932.0081 0.00 0.00 0.00 0347,932.0081 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 0347,932.0081 0.00 0.00 0.00 0347,932.0081 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 06.~~000000~~250000% 0.000000% 0.000000% 0.000000% 06.~~000000~~250000% 04.~~000000~~760928% 0.000000% 0.000000% 0.000000% 04.~~000000~~760928% 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 06.~~000000~~250000% 0.000000% 0.000000% 0.000000% 06.~~000000~~250000% 04.~~000000~~760928% 0.000000% 0.000000% 0.000000% 04.~~000000~~760928% 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 12 0 0 0 12 ~~133~~658,~~210~~849.2248 0.00 0.00 0.00 ~~133~~658,~~210~~849.2248 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 ~~133~~658,~~210~~849.2248 0.00 0.00 0.00 ~~133~~658,~~210~~849.2248 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~653595~~459854% 0.000000% 0.000000% 0.000000% 01.~~653595~~459854% 01.~~217165~~215507% 0.000000% 0.000000% 0.000000% 01.~~217165~~215507% 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.~~653595~~459854% 0.000000% 0.000000% 0.000000% 01.~~653595~~459854% 01.~~217165~~215507% 0.000000% 0.000000% 0.000000% 01.~~217165~~215507% 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 2 0 0 0 2 ~~369~~726,~~454~~383.8838 0.00 0.00 0.00 ~~369~~726,~~454~~383.8838 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 2 0 0 0 2 ~~369~~726,~~454~~383.8838 0.00 0.00 0.00 ~~369~~726,~~454~~383.8838 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~298851~~702703% 0.000000% 0.000000% 0.000000% 2.~~298851~~702703% 12.~~258863~~903914% 0.000000% 0.000000% 0.000000% 12.~~258863~~903914% 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 2.~~298851~~702703% 0.000000% 0.000000% 0.000000% 2.~~298851~~702703% 12.~~258863~~903914% 0.000000% 0.000000% 0.000000% 12.~~258863~~903914% 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 20 0 0 0 20 ~~704,802~~0.8800 0.00 0.00 0.00 ~~704,802~~0.8800 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 20 0 0 0 20 ~~704,802~~0.8800 0.00 0.00 0.00 ~~704,802~~0.8800 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~631579~~000000% 0.000000% 0.000000% 0.000000% 20.~~631579~~000000% 20.~~162221~~000000% 0.000000% 0.000000% 0.000000% 20.~~162221~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~631579~~000000% 0.000000% 0.000000% 0.000000% 20.~~631579~~000000% 20.~~162221~~000000% 0.000000% 0.000000% 0.000000% 20.~~162221~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1012,~~837~~520.7329

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% ~~168~~146,~~304~~401,~~847~~922.6397 79.~~79597686~~94361173% 20.~~204023~~056388% 0.000000% Class 2A 501,126,514.00 72.63694606% ~~151~~132,~~844~~775,~~960~~325.0533 7172.~~99208513~~50272975% 7.~~803892~~440882% 8979.~~077224~~099206% Class 3A 470,585,314.00 68.21008092% ~~138~~120,~~481~~113,~~232~~063.5537 65.~~65613162~~58842880% 6.~~335954~~914301% 7273.~~321499~~501463% Class B-1 13,798,714.00 2.00008664% 1110,~~371~~601,~~433~~573.6173 5.~~39137563~~78905029% 3.~~369440~~617975% 38.460349% Class B-2 7,934,314.00 1.15005756% 6,~~538~~095,~~583~~913.1613 3.~~10004517~~32870841% 2.~~291330~~460342% 26.154304% Class B-3 4,484,814.00 0.65006178% 3,~~695~~445,~~851~~637.1553 1.~~75226119~~88151018% 1.~~347784~~447198% 15.384229% Class B-4 2,760,014.00 0.40005664% 2,~~274~~120,~~443~~461.9431 1.~~07834966~~15789009% 0.~~673912~~723620% 7.692337% Class B-5 1,380,214.00 0.20005832% 1,~~137~~060,351.1307 0.~~53923607~~57901080% 0.~~539114~~578879% 6.153692% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~539236~~579011% 6.~~155090~~155089% 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.~~219372~~215024% Weighted Average Net Coupon 5.~~900610~~896929% Weighted Average Pass-Through Rate 5.~~900610~~896929% Weighted Average Maturity(Stepdown Calculation ) ~~343~~342 Beginning Scheduled Collateral Loan Count ~~608~~537 Number Of Loans Paid In Full 7168 Ending Scheduled Collateral Loan Count ~~537~~469 Beginning Scheduled Collateral Balance ~~240~~210,~~507~~918,~~259~~963.2890 Ending Scheduled Collateral Balance ~~210~~183,~~918~~131,~~963~~484.9056 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~211~~183,~~076~~265,~~252~~447.2205 Monthly P &I Constant 1,~~463~~284,~~037~~321.9451 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2927,~~461~~481,~~284~~902.5352 Ending Scheduled Balance for Premium Loans ~~210~~183,~~918~~131,~~963~~484.9056 Scheduled Principal ~~216~~191,~~534~~932.5584 Unscheduled Principal 2927,~~371~~595,~~760~~546.8350

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 92.~~632282~~192788% Senior Prepayment Percentage Grp 1 96.~~316141~~096394% Subordinate Percentage Group 1 7.~~367718~~807212% Subordinate Prepayment Pct Group 1 0.000000% Average Loss Severity Group 2 0 Senior Percentage Group 2 9190.~~232450~~803034% Senior Prepayment Percentage Grp 2 95.~~616225~~401517% Subordinate Percentage Group 2 89.~~767550~~196966% Subordinate Prepayment Pct Group 2 0.000000% Average Loss Severity Group 3 0 Senior Percentage Group 3 93.~~927541~~669153% Senior Prepayment Percentage Grp 3 96.~~963771~~834576% Subordinate Percentage Group 3 6.~~072459~~330847% Subordinate Prepayment Pct Group 3 0.000000% Average Loss Severity Group 4 0 Senior Percentage Group 4 8685.~~216014~~918348% Senior Prepayment Percentage Grp 4 9392.~~108007~~959174% Subordinate Percentage Group 4 1314.~~783986~~081652% Subordinate Prepayment Pct Group 4 0.000000% Average Loss Severity Group 5 0 Senior Percentage Group 5 9190.~~196588~~468052% Senior Prepayment Percentage Grp 5 95.~~598294~~234026% Subordinate Percentage Group 5 89.~~803412~~531948% Subordinate Prepayment Pct Group 5 0.000000% Average Loss Severity Group 6 0 Senior Percentage Group 6 9392.~~386445~~881857% Senior Prepayment Percentage Grp 6 96.~~693222~~440929% Subordinate Percentage Group 6 67.~~613555~~118143% Subordinate Prepayment Pct Group 6 0.000000% Average Loss Severity Group 7 0 Senior Percentage Group 7 9190.~~302634~~521225% Senior Prepayment Percentage Grp 7 95.~~651317~~260613% Subordinate Percentage Group 7 89.~~697366~~478775% 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.~~971314~~962873 6.~~035757~~034757 6.~~381983~~375663 Weighted Average Net Rate 5.~~599473~~591408 5.~~774511~~772411 6.~~058067~~052501 Weighted Average Maturity ~~344~~343 ~~342~~341 ~~344~~343 Beginning Loan Count ~~103~~91 4844 7266 Loans Paid In Full 1213 7 4 6 Ending Loan Count 9178 4437 6662 Beginning Scheduled Balance 5146,~~794~~222,~~636~~830.6545 1918,~~924~~127,~~837~~023.5089 1514,~~487~~266,~~775~~946.0607 Ending scheduled Balance 4640,~~222~~097,~~830~~143.4530 1815,~~127~~156,~~023~~184.8992 1413,~~266~~542,~~946~~344.0767 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~315~~281,~~047~~169.9759 ~~122~~111,~~383~~503.5966 8982,~~056~~092.1384 Scheduled Principal 5751,~~312~~485.9254 2220,~~165~~343.7051 6,~~687~~291.2081 Unscheduled Principal 56,~~514~~074,~~493~~201.2861 12,~~775~~950,~~647~~495.9146 1718,~~214,141~~309.7959 Scheduled Interest ~~257~~229,~~735~~684.05 ~~100~~91,~~217~~160.8915 8275,~~368~~801.9303 Servicing Fees 1614,~~049~~308.4845 43,~~337~~962.7395 43,~~180~~842.6111 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 ~~241~~215,~~685~~375.5760 9587,~~880~~197.1620 7871,~~188~~958.3292 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.~~599473~~591408 5.~~774511~~772411 6.~~058067~~052501

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~756336~~778381 6.~~065362~~058243 6.~~457500~~453917 Weighted Average Net Rate 6.~~506336~~528381 5.~~794240~~789885 6.~~086932~~084021 Weighted Average Maturity ~~331~~330 ~~343~~342 ~~345~~344 Beginning Loan Count 2120 ~~177~~153 9887 Loans Paid In Full 14 2416 1113 Ending Loan Count 2016 ~~153~~137 8774 Beginning Scheduled Balance 9,~~500~~096,~~737~~807.0276 7161,~~512~~285,~~237~~819.9789 3329,~~826~~346,~~311~~952.1223 Ending scheduled Balance 97,~~096~~302,~~807~~472.7652 6154,~~285~~152,~~819~~524.8974 2925,~~346~~013,~~952~~369.2328 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant 6462,~~528~~066.9710 ~~444~~379,~~323~~670.2983 ~~183~~159,~~277~~091.1252 Scheduled Principal 1110,~~037~~681.1641 8270,~~866~~267.9616 1,~~249~~255.2985 Unscheduled Principal ~~392~~1,~~892~~783,653.1083 107,~~143~~063,~~551~~027.1299 4,~~478~~332,~~109~~327.6010 Scheduled Interest 5351,~~491~~384.8169 ~~361~~309,~~456~~403.3367 ~~182~~157,~~027~~835.8367 Servicing Fees 1,~~979~~895.3217 1613,~~157~~705.1144 109,~~445~~046.7912 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 5149,~~512~~489.4952 ~~345~~295,~~299~~698.2223 ~~171~~148,~~582~~789.0455 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.~~506336~~528381 5.~~794240~~789885 6.~~086932~~084021

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~527351~~525221 6.~~219372~~215024 Weighted Average Net Rate 6.~~192351~~188129 5.~~900610~~896929 Weighted Average Maturity ~~344~~343.00 ~~343~~342.00 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~244~~208,~~420~~726.8797 1,~~463~~284,~~037~~321.9451 Beginning Loan Count 8976 ~~608~~537 Loans Paid In Full 1311 7168 Ending Loan Count 7665 ~~537~~469 Beginning Scheduled Balance 3832,~~460~~572,~~723~~583.9661 ~~240~~210,~~507~~918,~~259~~963.2890 Ending Scheduled Balance 3227,~~572~~867,~~583~~445.6113 ~~210~~183,~~918~~131,~~963~~484.9056 Scheduled Principal 3531,~~215~~607.3256 ~~216~~191,~~534~~932.5584 Unscheduled Principal 54,~~852~~673,~~925~~530.0392 2927,~~371~~595,~~760~~546.8350 Scheduled Interest ~~209~~177,~~205~~119.5541 1,~~246~~092,~~503~~388.3967 Servicing Fee 109,~~736~~149.9894 6355,~~887~~910.0218 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 ~~198~~167,~~468~~969.5747 1,~~182~~036,~~616~~478.3749 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.~~192351~~188129 5.~~900610~~896929

Filing Compare · BEAR STEARNS ARM TRUST 2002-7