8-K 1 bsa03001.txt SEPTEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2003 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-16 52-2120451 Pooling and Servicing Agreement) (Commission 52-2120452 (State or other File Number) 52-2120453 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 ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2003-1 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 Asset-Backed Certificates, Series 2003-1 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 ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-1 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: 9/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-1 Trust, relating to the September 25, 2003 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset-Backed Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 BSA Series: 2003-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 07384YGX8 SEN 1.~~60000~~61000% ~~365~~346,~~599~~080,~~205~~305.6165 ~~503~~479,~~714~~801.4688 19,~~518~~973,~~899~~713.9684 A-2 07384YGY6 SEN 1.~~85000~~86000% 4745,~~790~~239,~~922~~423.9227 7672,~~133~~458.6048 2,~~551~~610,~~499~~952.6466 A-IO 07384YGZ3 SEN 5.00000% 0.00 257,229.1716 0.00 M-1 07384YHA7 MEZ 2.~~20000~~21000% 30,867,000.00 58,~~475~~741.8262 0.00 M-2 07384YHB5 MEZ 3.~~10000~~11000% 29,324,000.00 78,~~278~~531.7930 0.00 B 07384YHC3 SUB 3.~~35000~~36000% 23,151,000.00 66,~~784~~983.2056 0.00 B-IO BSA031BIO IO 0.00000% 0.00 2,~~390~~259,~~776~~441.5582 0.00 R-1 07384YHD1 RES 0.00000% 0.00 0.00 0.00 R-2 07384YHE9 RES 0.00000% 0.00 0.00 0.00 R-3 07384YHF6 RES 0.00000% 0.00 0.00 0.00 OC BSA0301OC OC 0.00000% 10,186,245.46 0.00 0.00 Totals ~~506~~484,~~918~~847,~~373~~974.9938 3,~~431~~273,~~392~~187.5982 22,~~070~~584,~~399~~666.6050

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~346~~326,~~080~~106,~~305~~591.6581 20,~~022~~453,~~614~~515.4272 0.00 A-2 0.00 4542,~~239~~628,~~423~~470.2761 2,~~627~~683,~~633~~411.2414 0.00 A-IO 0.00 0.00 257,229.1716 0.00 M-1 0.00 30,867,000.00 58,~~475~~741.8262 0.00 M-2 0.00 29,324,000.00 78,~~278~~531.7930 0.00 B 0.00 23,151,000.00 66,~~784~~983.2056 0.00 B-IO 0.00 0.00 2,~~390~~259,~~776~~441.5582 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 OC 0.00 10,186,245.46 0.00 0.00 Totals 0.00 ~~484~~462,~~847~~263,~~974~~307.3888 25,~~501~~857,~~792~~854.1932 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) A-1 472,271,000.00 ~~365~~346,~~599~~080,~~205~~305.6165 0.00 19,~~518~~973,~~899~~713.9684 0.00 0.00 A-2 61,735,000.00 4745,~~790~~239,~~922~~423.9227 0.00 2,~~551~~610,~~499~~952.6466 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 30,867,000.00 30,867,000.00 0.00 0.00 0.00 0.00 M-2 29,324,000.00 29,324,000.00 0.00 0.00 0.00 0.00 B 23,151,000.00 23,151,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 OC 59.42 10,186,245.46 0.00 0.00 0.00 0.00 Totals 617,348,209.42 ~~506~~484,~~918~~847,~~373~~974.9938 0.00 22,~~070~~584,~~399~~666.6050 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 A-1 19,~~518~~973,~~899~~713.9684 ~~346~~326,~~080~~106,~~305~~591.6581 0.~~73280025~~69050734 19,~~518~~973,~~899~~713.9684 A-2 2,~~551~~610,~~499~~952.6466 4542,~~239~~628,~~423~~470.2761 0.~~73280025~~69050734 2,~~551~~610,~~499~~952.6466 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 30,867,000.00 1.00000000 0.00 M-2 0.00 29,324,000.00 1.00000000 0.00 B 0.00 23,151,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 OC 0.00 10,186,245.46 171,427.89397509 0.00 Totals 22,~~070~~584,~~399~~666.6050 ~~484~~462,~~847~~263,~~974~~307.3888 0.~~78537196~~74878861 22,~~070~~584,~~399~~666.6050

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 472,271,000.00 ~~774~~732.~~13011938~~80024742 0.00000000 4142.~~32987196~~29290776 0.00000000 A-2 61,735,000.00 ~~774~~732.~~13011938~~80024735 0.00000000 4142.~~32987187~~29290775 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 30,867,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 29,324,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 23,151,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 59.42 171427893.97509300 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 A-1 0.00000000 4142.~~32987196~~29290776 ~~732~~690.~~80024742~~50733966 0.~~73280025~~69050734 4142.~~32987196~~29290776 A-2 0.00000000 4142.~~32987187~~29290775 ~~732~~690.~~80024735~~50733960 0.~~73280025~~69050734 4142.~~32987187~~29290775 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 ~~171~~71,427,893.97509300 171427.89397509 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 A-1 472,271,000.00 1.~~60000~~61000% ~~365~~346,~~599~~080,~~205~~305.6165 ~~503~~479,~~714~~801.4689 0.00 0.00 A-2 61,735,000.00 1.~~85000~~86000% 4745,~~790~~239,~~922~~423.9227 7672,~~133~~458.6048 0.00 0.00 A-IO 0.00 5.00000% 61,735,000.00 257,229.17 0.00 0.00 M-1 30,867,000.00 2.~~20000~~21000% 30,867,000.00 58,~~475~~741.8262 0.00 0.00 M-2 29,324,000.00 3.~~10000~~11000% 29,324,000.00 78,~~278~~531.7930 0.00 0.00 B 23,151,000.00 3.~~35000~~36000% 23,151,000.00 66,~~784~~983.2056 0.00 0.00 B-IO 0.00 0.00000% ~~506~~484,~~918~~847,~~373~~974.9838 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 OC 59.42 0.00000% 10,186,245.46 0.00 0.00 0.00 Totals 617,348,209.42 1,~~040~~013,~~616~~746.0402 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 A-1 0.0001 0.00 ~~503~~479,~~714~~801.4688 0.00 ~~346~~326,~~080~~106,~~305~~591.6581 A-2 0.00 0.00 7672,~~133~~458.6048 0.00 4542,~~239~~628,~~423~~470.2761 A-IO 0.00 0.00 257,229.1716 0.00 61,735,000.00 M-1 0.00 0.00 58,~~475~~741.8262 0.00 30,867,000.00 M-2 0.00 0.00 78,~~278~~531.7930 0.00 29,324,000.00 B 0.00 0.00 66,~~784~~983.2056 0.00 23,151,000.00 B-IO 0.00 0.00 2,~~390~~259,~~776~~441.5582 0.00 ~~484~~462,~~847~~263,~~974~~307.3888 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 10,186,245.46 Totals 0.0001 0.00 3,~~431~~273,~~392~~187.5982 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 A-1 472,271,000.00 1.~~60000~~61000% ~~774~~732.~~13011938~~80024742 1.~~06657927~~01594612 0.00000000 0.00000000 A-2 61,735,000.00 1.~~85000~~86000% ~~774~~732.~~13011938~~80024735 1.~~23323236~~17370179 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666672 0.00000000 0.00000000 M-1 30,867,000.00 2.~~20000~~21000% 1000.00000000 1.~~89444455~~90305569 0.00000000 0.00000000 M-2 29,324,000.00 3.~~10000~~11000% 1000.00000000 2.~~66944448~~67805552 0.00000000 0.00000000 B 23,151,000.00 3.~~35000~~36000% 1000.00000000 2.~~88472204~~89333333 0.00000000 0.00000000 B-IO 0.00 0.00000% ~~821~~785.~~12228762~~37196186 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 59.42 0.00000% 171427893.97509300 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 A-1 0.~~00000000~~00000002 0.00000000 1.~~06657927~~01594610 0.00000000 ~~732~~690.~~80024742~~50733966 A-2 0.00000000 0.00000000 1.~~23323236~~17370179 0.00000000 ~~732~~690.~~80024735~~50733960 A-IO 0.00000000 0.00000000 4.~~16666672~~16666656 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~89444455~~90305569 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~66944448~~67805552 0.00000000 1000.00000000 B 0.00000000 0.00000000 2.~~88472204~~89333333 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 3.~~87265487~~65991475 0.00000000 ~~785~~748.~~37196186~~78861043 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 171427893.97509300 (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 2526,~~611~~025,~~645~~394.1620 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~534~~552,~~381~~544.6092 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 26,~~146~~577,~~026~~939.7612 Withdrawals Reimbursement for Servicer Advances ~~493~~534,~~989~~381.0160 Payment of Service Fee ~~150~~185,~~245~~703.5720 Payment of Interest and Principal 25,~~501~~857,~~792~~854.1832 Total Withdrawals (Pool Distribution Amount) 26,~~146~~577,~~026~~939.7612 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~43,646~~0.1100 Servicing Fee Support ~~43,646~~0.1100 Non-Supported Prepayment/Curtailment Interest Shortfall 0.0001

SERVICING FEES Gross Servicing Fee ~~191~~183,~~779~~683.5101 Master Servicing Fee 2,~~112~~020.1719 Supported Prepayment/Curtailment Interest Shortfall ~~43,646~~0.1100 Net Servicing Fee ~~150~~185,~~245~~703.5720

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 76 01 0 7 1,~~612~~344,~~372~~598.5442 0226,273.0009 0.00 1,~~612~~570,~~372~~871.5451 30 Days ~~396~~383 0 0 0 ~~396~~383 31,~~822~~216,~~369~~207.1194 0.00 0.00 0.00 31,~~822~~216,~~369~~207.1194 60 Days ~~121~~134 21 21 0 ~~125~~136 11,~~939~~305,~~561~~207.7015 ~~232~~83,~~772~~238.0659 ~~370~~162,~~782~~950.4739 0.00 1211,~~543~~551,~~116~~396.2313 90 Days 5759 01 75 0 6465 4,~~019~~111,~~625~~067.2508 0149,506.0069 ~~887~~2,~~915~~113,784.9202 0.00 46,~~907~~374,~~541~~357.1779 120 Days 3438 10 58 0 4046 2,~~394~~854,~~051~~831.3846 ~~64,480~~0.5700 ~~621~~1,~~204~~186,779.0100 0.00 34,~~079~~041,~~735~~610.9646 150 Days 3331 12 32 01 3736 2,~~811~~386,~~407~~791.3352 43198,~~986~~613.5270 ~~379~~296,~~286~~446.6840 097,480.0039 32,~~234~~979,~~680~~332.5301 180+ Days 5166 25 98 0 6279 56,~~019~~595,~~496~~277.4936 ~~166~~363,~~958~~164.7344 1,~~615~~451,~~218~~913.7618 0.00 68,~~801~~410,~~673~~354.98 Totals ~~692~~711 1315 2625 01 ~~731~~752 58,~~006~~469,~~511~~382.2651 2,~~120~~139,~~570~~121.4284 35,~~874~~438,~~407~~146.8408 097,480.0039 6466,~~001~~144,~~489~~130.5282 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.~~110445~~097593% 0.~~000000~~016265% 0.000000% 0.~~110445~~113858% 0.~~331782~~290156% 0.~~000000~~048828% 0.000000% 0.~~331782~~338984% 30 Days 6.~~248028~~229668% 0.000000% 0.000000% 0.000000% 6.~~248028~~229668% 6.~~548177~~736260% 0.000000% 0.000000% 0.000000% 6.~~548177~~736260% 60 Days 12.~~909120~~179571% 0.~~031556~~016265% 0.~~031556~~016265% 0.000000% 12.~~972231~~212101% 2.~~456836~~439592% 0.~~047898~~017962% 0.~~076297~~035164% 0.000000% 2.~~581032~~492718% 90 Days 0.~~899337~~959662% 0.~~000000~~016265% 0.~~110445~~081327% 0.000000% 1.~~009782~~057254% 0.~~827129~~887142% 0.~~000000~~032263% 0.~~182709~~456141% 0.000000% 1.~~009838~~375546% 120 Days 0.~~536447~~618087% 0.~~015778~~000000% 0.~~078889~~130124% 0.000000% 0.~~631114~~748211% 0.~~492631~~616055% 0.~~013268~~000000% 0.~~127827~~256099% 0.000000% 0.~~633726~~872154% 150 Days 0.~~520669~~504229% 0.~~015778~~032531% 0.~~047334~~032531% 0.~~000000~~016265% 0.~~583780~~585556% 0.~~578511~~515054% 0.~~009051~~042860% 0.~~078047~~063971% 0.~~000000~~021036% 0.~~665609~~642921% 180+ Days 01.~~804670~~073520% 0.~~031556~~081327% 0.~~142001~~130124% 0.000000% 01.~~978227~~284971% 1.~~032876~~423219% 0.~~034356~~078369% 0.~~332368~~313314% 0.000000% 1.~~399599~~814901% Totals 1011.~~918271~~564736% 0.~~205112~~243982% 0.~~410224~~406636% 0.~~000000~~016265% 1112.~~533607~~231620% 1112.~~936160~~617322% 0.~~436356~~461609% 01.~~797248~~173517% 0.~~000000~~021036% 1314.~~169763~~273484%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~534~~552,~~381~~544.6092

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 8.~~581936~~595636% Weighted Average Net Coupon 8.~~127947~~141020% Weighted Average Pass-Through Rate 8.~~122947~~136020% Weighted Average Maturity(Stepdown Calculation ) ~~283~~282 Beginning Scheduled Collateral Loan Count 6,~~503~~338 Number Of Loans Paid In Full ~~165~~190 Ending Scheduled Collateral Loan Count 6,~~338~~148 Beginning Scheduled Collateral Balance ~~506~~484,~~918~~847,~~373~~974.9838 Ending Scheduled Collateral Balance ~~484~~462,~~847~~263,~~974~~307.3888 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~485~~463,~~972~~405,~~988~~632.3069 Monthly P &I Constant 4,~~599~~412,~~827~~204.6956 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 ~~484~~462,~~847~~263,~~974~~307.3888 Scheduled Principal ~~974~~939,~~543~~224.4304 Unscheduled Principal 21,~~095~~645,~~856~~442.1746 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 10,186,245.46 Overcollateralized Amount 10,186,245.46 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,~~390~~259,~~776~~441.5581

Miscellaneous Reporting Three month rolling average 0.~~040000~~040450% Trigger Event NO Yield maintenance amount 0.00

Group Level Collateral Statement Group FIXED loans ARM loans Total Collateral Description Mixed Fixed Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 8.~~960135~~977099 7.~~271562~~254500 8.~~581936~~595636 Weighted Average Net Rate 8.~~499255~~516186 6.~~841447~~822024 8.~~127947~~141020 Weighted Average Maturity ~~268~~267 ~~332~~331 ~~283~~282 Beginning Loan Count 5,~~719~~582 ~~784~~756 6,~~503~~338 Loans Paid In Full ~~137~~160 2830 ~~165~~190 Ending Loan Count 5,~~582~~422 ~~756~~726 6,~~338~~148 Beginning Scheduled Balance ~~393~~377,~~381~~480,~~155~~090.8601 ~~113~~107,~~537~~367,~~218~~884.1237 ~~506~~484,~~918~~847,~~373~~974.9838 Ending scheduled Balance ~~377~~361,~~480~~083,~~090~~000.0117 ~~107~~101,~~367~~180,~~884~~307.3771 ~~484~~462,~~847~~263,~~974~~307.3888 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant 3,~~782~~638,~~112~~074.4174 ~~817~~774,~~715~~129.2882 4,~~599~~412,~~827~~204.6956 Scheduled Principal ~~844~~814,~~822~~177.2182 ~~129~~125,~~721~~046.22 ~~974~~939,~~543~~224.4304 Unscheduled Principal 15,~~056~~582,~~243~~912.6402 6,~~039~~062,~~612~~530.5344 21,~~095~~645,~~856~~442.1746 Scheduled Interest 2,~~937~~823,~~290~~896.2092 ~~687~~649,~~994~~083.0660 3,~~625~~472,~~284~~980.2652 Servicing Fees ~~151~~144,~~084~~987.4996 4038,695.0205 ~~191~~183,~~779~~683.5101 Master Servicing Fees 1,~~639~~572.1083 ~~473~~447.0736 2,~~112~~020.1719 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 2,~~784~~677,~~566~~336.6113 ~~646~~609,~~825~~941.9719 3,~~431~~287,~~392~~277.5832 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 8.~~494255~~511186 6.~~836447~~817024 8.~~122947~~136020

Filing Compare · BEAR STEARNS ASSET BACKED CERTIFICATES SERIES 2003-1