8-K 1 bst03005.txt OCTOBER 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): October 27, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-22 54-2121787 Pooling and Servicing Agreement) (Commission 54-2121788 (State or other File Number) 54-2121789 jurisdiction 54-2123731 of Incorporation) IRS EIN 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 October 27, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-5 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 2003-5 Trust, relating to the October 27, 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 2003-5 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-5 Trust, relating to the October 27, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 BST Series: 2003-5 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 07384MWF5 SEN 4.~~23183~~21917% ~~144~~135,~~850~~664,~~074~~835.5976 ~~510~~476,~~817~~994.4443 96,~~185~~892,~~238~~926.8428 I-A-2 07384MWG3 SEN 3.95753% ~~194~~189,~~961~~851,~~237~~446.4717 ~~642~~626,~~971~~118.0878 510,~~109~~872,~~791~~156.3182 I-X 07384MWJ7 SEN 0.55900% 0.00 9088,~~819~~439.4413 0.00 I-A-3 07384MWH1 SEN 4.~~49960~~49828% ~~110~~108,~~057~~827,~~336~~910.5842 ~~412~~407,~~678~~948.4226 1,~~229~~518,~~426~~886.1608 R-I 07384MWS7 SEN 4.~~24185~~23866% 0.00 0.00 0.00 R-II 07384MWT5 SEN 0.00000% 0.00 0.00 0.00 R-III 07384MWU2 SEN 4.~~24185~~23866% 0.00 0.00 0.00 R-IV 07384MYP1 SEN 4.~~24185~~23866% 0.00 0.00 0.00 II-A-1 07384MWN8 SEN 4.~~62410~~61509% ~~375~~356,~~363~~588,~~298~~412.2099 1,~~446~~371,~~432~~405.1565 1810,~~774~~691,~~885~~278.2111 II-X 07384MXM9 SEN 0.39300% 0.00 ~~122~~116,~~931~~782.4870 0.00 I-B-1 07384MWK4 SUB 4.~~42004~~41563% 4,~~953~~949,~~520~~999.7501 18,~~245~~214.6149 3,~~521~~492.7400 I-B-2 07384MWL2 SUB 4.~~42004~~41563% 3,~~774~~771,~~049~~366.1900 13,~~901~~877.1948 2,~~683~~660.1953 I-B-3 07384MWM0 SUB 4.~~42004~~41563% 2,~~594~~592,~~677~~832.5585 9,~~557~~540.1483 1,~~844~~829.7113 I-B-4 07384MXN7 SUB 4.~~42004~~41563% 1,~~179~~178,~~371~~533.6315 4,~~344~~336.0564 ~~838~~831.4840 I-B-5 07384MXP2 SUB 4.~~42004~~41563% 707,~~602~~099.9991 2,~~606~~601.3691 ~~503~~498.0883 I-B-6 07384MXQ0 SUB 4.~~42004~~41563% ~~943~~942,~~632~~961.0921 3,~~475~~469.7481 ~~670~~665.8822 II-B-1 07384MWP3 SUB 5.~~01710~~00809% 6,~~526~~521,~~480~~453.8661 27,~~286~~216.6968 5,~~027~~056.2571 II-B-2 07384MWQ1 SUB 5.~~01710~~00809% 2,~~243~~241,~~474~~746.6756 9,~~379~~355.7972 1,~~728~~738.1224 II-B-3 07384MWR9 SUB 5.~~01710~~00809% 1,~~427~~426,~~602~~502.1145 5,~~968~~953.6937 1,~~099~~106.6611 II-B-4 07384MXR8 SUB 5.~~01710~~00809% 815,~~872~~244.5611 3,~~411~~402.1034 ~~628~~632.4514 II-B-5 07384MXS6 SUB 5.~~01710~~00809% 611,~~829~~358.4819 2,~~558~~551.0145 ~~471~~474.2805 II-B-6 07384MXT4 SUB 5.~~01710~~00809% 815,~~845~~217.6623 3,~~410~~402.9823 ~~628~~632.4312 Totals ~~851~~817,~~825~~506,~~906~~919.3862 3,~~330~~191,~~795~~611.3690 3429,~~318~~994,~~986~~863.7977

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~135~~128,~~664~~771,~~835~~909.7648 97,~~696~~369,~~056~~920.2871 0.00 I-A-2 0.00 ~~189~~178,~~851~~979,~~446~~289.1735 511,~~752~~498,~~762~~275.3960 0.00 I-X 0.00 0.00 9088,~~819~~439.4413 0.00 I-A-3 0.00 ~~108~~107,~~827~~309,~~910~~024.4234 1,~~642~~926,~~104~~834.5834 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 R-IV 0.00 0.00 0.00 0.00 II-A-1 0.00 ~~356~~345,~~588~~897,~~412~~134.9989 2012,~~221~~062,~~317~~683.3676 0.00 II-X 0.00 0.00 ~~122~~116,~~931~~782.4870 0.00 I-B-1 0.00 4,~~949~~946,~~999~~507.0100 21,~~767~~706.3549 0.00 I-B-2 0.00 3,~~771~~768,~~366~~705.0047 16,~~584~~538.3801 0.00 I-B-3 0.00 2,~~592~~591,~~832~~003.8572 11,~~401~~369.8596 0.00 I-B-4 0.00 1,~~178~~177,~~533~~701.1575 5,~~182~~168.5304 0.00 I-B-5 0.00 ~~707~~706,~~099~~601.9109 3,~~109~~100.4474 0.00 I-B-6 0.00 942,~~961~~295.2199 4,~~146~~135.6203 0.00 II-B-1 0.00 6,~~521~~516,~~453~~396.6189 32,~~313~~273.9439 0.00 II-B-2 0.00 2,~~241~~240,~~746~~008.5631 11,~~107~~093.9196 0.00 II-B-3 0.00 1,~~426~~425,~~502~~396.4535 7,~~068~~059.3548 0.00 II-B-4 0.00 ~~815~~814,~~244~~611.1197 4,~~039~~034.5548 0.00 II-B-5 0.00 ~~611~~610,~~358~~884.1915 3,~~029~~025.2950 0.00 II-B-6 0.00 ~~815~~814,~~217~~585.2311 4,~~039~~034.4135 0.00 Totals 0.00 ~~817~~787,~~506~~512,~~919~~055.6286 3733,~~649~~186,~~782~~475.1567 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-1 148,666,550.00 ~~144~~135,~~850~~664,~~074~~835.5976 ~~151~~140,~~106~~945.8011 96,~~034~~751,~~132~~981.0417 0.00 0.00 I-A-2 198,473,900.00 ~~194~~189,~~961~~851,~~237~~446.4717 ~~160~~154,~~112~~052.6396 410,~~949~~718,~~678~~103.6886 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 110,784,000.00 ~~110~~108,~~057~~827,~~336~~910.5842 7,~~494~~536.7819 1,~~221~~511,~~931~~349.3889 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 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 395,768,100.00 ~~375~~356,~~363~~588,~~298~~412.2099 ~~289~~276,~~136~~497.9757 1810,~~485~~414,~~748~~780.2454 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 I-B-1 4,957,000.00 4,~~953~~949,~~520~~999.7501 3,~~521~~492.7400 0.00 0.00 0.00 I-B-2 3,776,700.00 3,~~774~~771,~~049~~366.1900 2,~~683~~660.1953 0.00 0.00 0.00 I-B-3 2,596,500.00 2,~~594~~592,~~677~~832.5585 1,~~844~~829.7113 0.00 0.00 0.00 I-B-4 1,180,200.00 1,~~179~~178,~~371~~533.6315 ~~838~~831.4840 0.00 0.00 0.00 I-B-5 708,100.00 707,~~602~~099.9991 ~~503~~498.0883 0.00 0.00 0.00 I-B-6 944,294.88 ~~943~~942,~~632~~961.0921 ~~670~~665.8822 0.00 0.00 0.00 II-B-1 6,531,500.00 6,~~526~~521,~~480~~453.8661 5,~~027~~056.2571 0.00 0.00 0.00 II-B-2 2,245,200.00 2,~~243~~241,~~474~~746.6756 1,~~728~~738.1224 0.00 0.00 0.00 II-B-3 1,428,700.00 1,~~427~~426,~~602~~502.1145 1,~~099~~106.6611 0.00 0.00 0.00 II-B-4 816,500.00 815,~~872~~244.5611 ~~628~~632.4514 0.00 0.00 0.00 II-B-5 612,300.00 611,~~829~~358.4819 ~~471~~474.2805 0.00 0.00 0.00 II-B-6 816,473.08 815,~~845~~217.6623 ~~628~~632.4312 0.00 0.00 0.00 Totals 880,306,217.96 ~~851~~817,~~825~~506,~~906~~919.3862 ~~627~~598,~~496~~648.4531 3329,~~691~~396,~~490~~215.3446 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 96,~~185~~892,~~238~~926.8428 ~~135~~128,~~664~~771,~~835~~909.7648 0.~~91254445~~86617944 96,~~185~~892,~~238~~926.8428 I-A-2 510,~~109~~872,~~791~~156.3182 ~~189~~178,~~851~~979,~~446~~289.1735 0.~~95655623~~90177746 510,~~109~~872,~~791~~156.3182 I-X 0.00 0.00 0.00000000 0.00 I-A-3 1,~~229~~518,~~426~~886.1608 ~~108~~107,~~827~~309,~~910~~024.4234 0.~~98234321~~96863287 1,~~229~~518,~~426~~886.1608 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 R-IV 0.00 0.00 0.00000000 0.00 II-A-1 1810,~~774~~691,~~885~~278.2111 ~~356~~345,~~588~~897,~~412~~134.9989 0.~~90100342~~87398943 1810,~~774~~691,~~885~~278.2111 II-X 0.00 0.00 0.00000000 0.00 I-B-1 3,~~521~~492.7400 4,~~949~~946,~~999~~507.0100 0.~~99858766~~99788320 3,~~521~~492.7400 I-B-2 2,~~683~~660.1953 3,~~771~~768,~~366~~705.0047 0.~~99858766~~99788320 2,~~683~~660.1953 I-B-3 1,~~844~~829.7113 2,~~592~~591,~~832~~003.8572 0.~~99858766~~99788320 1,~~844~~829.7113 I-B-4 ~~838~~831.4840 1,~~178~~177,~~533~~701.1575 0.~~99858765~~99788320 ~~838~~831.4840 I-B-5 ~~503~~498.0883 ~~707~~706,~~099~~601.9109 0.~~99858764~~99788319 ~~503~~498.0883 I-B-6 ~~670~~665.8822 942,~~961~~295.2199 0.~~99858766~~99788319 ~~670~~665.8822 II-B-1 5,~~027~~056.2571 6,~~521~~516,~~453~~396.6189 0.~~99846186~~99768765 5,~~027~~056.2571 II-B-2 1,~~728~~738.1224 2,~~241~~240,~~746~~008.5631 0.~~99846186~~99768765 1,~~728~~738.1224 II-B-3 1,~~099~~106.6611 1,~~426~~425,~~502~~396.4535 0.~~99846185~~99768765 1,~~099~~106.6611 II-B-4 ~~628~~632.4514 ~~815~~814,~~244~~611.1197 0.~~99846186~~99768765 ~~628~~632.4514 II-B-5 ~~471~~474.2805 ~~611~~610,~~358~~884.1915 0.~~99846185~~99768765 ~~471~~474.2805 II-B-6 ~~628~~632.4312 ~~815~~814,~~217~~585.2311 0.~~99846186~~99768765 ~~628~~632.4312 Totals 3429,~~318~~994,~~986~~863.7977 ~~817~~787,~~506~~512,~~919~~055.6286 0.~~92866198~~89458877 3429,~~318~~994,~~986~~863.7977

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 148,666,550.00 ~~974~~912.~~32862059~~54445442 10.~~01641425~~94806202 6045.~~76775199~~41694934 0.00000000 I-A-2 198,473,900.00 ~~982~~956.~~30164001~~55623319 0.~~80671882~~77618750 2454.~~93868806~~00258603 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 110,784,000.00 ~~993~~982.~~44071870~~34321220 0.~~06765219~~06802598 1113.~~02985431~~64231198 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 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 395,768,100.00 ~~948~~901.~~44253036~~00342344 0.~~73057169~~69863531 4626.~~70853523~~31536129 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 4,957,000.00 ~~999~~998.~~29811378~~58765584 0.~~71045794~~70445834 0.00000000 0.00000000 I-B-2 3,776,700.00 ~~999~~998.~~29811476~~58765589 0.~~71045887~~70445892 0.00000000 0.00000000 I-B-3 2,596,500.00 ~~999~~998.~~29811284~~58765646 0.~~71046023~~70445985 0.00000000 0.00000000 I-B-4 1,180,200.00 ~~999~~998.~~29811049~~58765463 0.~~71045585~~70445687 0.00000000 0.00000000 I-B-5 708,100.00 ~~999~~998.~~29810761~~58764299 0.~~71046462~~70446265 0.00000000 0.00000000 I-B-6 944,294.88 ~~999~~998.~~29811120~~58765516 0.~~71045604~~70446215 0.00000000 0.00000000 II-B-1 6,531,500.00 ~~999~~998.~~23154865~~46185562 0.~~76969303~~77420348 0.00000000 0.00000000 II-B-2 2,245,200.00 ~~999~~998.~~23154730~~46185640 0.~~76969535~~77420274 0.00000000 0.00000000 II-B-3 1,428,700.00 ~~999~~998.~~23154616~~46185343 0.~~76969273~~77420732 0.00000000 0.00000000 II-B-4 816,500.00 ~~999~~998.~~23154930~~46186160 0.~~76968769~~77420698 0.00000000 0.00000000 II-B-5 612,300.00 ~~999~~998.~~23155316~~46184877 0.~~76968806~~77421199 0.00000000 0.00000000 II-B-6 816,473.08 ~~999~~998.~~23154845~~46185988 0.~~76968857~~77420801 0.00000000 0.00000000 All classes are per $1,000 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 6146.~~78416624~~36501136 ~~912~~866.~~54445442~~17944306 0.~~91254445~~86617944 6146.~~78416624~~36501136 I-A-2 0.00000000 2554.~~74540688~~77877353 ~~956~~901.~~55623319~~77745966 0.~~95655623~~90177746 2554.~~74540688~~77877353 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 1113.~~09750650~~71033795 ~~982~~968.~~34321220~~63287424 0.~~98234321~~96863287 1113.~~09750650~~71033795 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 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 4727.~~43910692~~01399661 ~~901~~873.~~00342344~~98942686 0.~~90100342~~87398943 4727.~~43910692~~01399661 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.~~71045794~~70445834 ~~998~~997.~~58765584~~88319548 0.~~99858766~~99788320 0.~~71045794~~70445834 I-B-2 0.00000000 0.~~71045887~~70445892 ~~998~~997.~~58765589~~88319697 0.~~99858766~~99788320 0.~~71045887~~70445892 I-B-3 0.00000000 0.~~71046023~~70445985 ~~998~~997.~~58765646~~88319661 0.~~99858766~~99788320 0.~~71046023~~70445985 I-B-4 0.00000000 0.~~71045585~~70445687 ~~998~~997.~~58765463~~88319776 0.~~99858765~~99788320 0.~~71045585~~70445687 I-B-5 0.00000000 0.~~71046462~~70446265 ~~998~~997.~~58764299~~88319446 0.~~99858764~~99788319 0.~~71046462~~70446265 I-B-6 0.00000000 0.~~71045604~~70446215 ~~998~~997.~~58765516~~88319301 0.~~99858766~~99788319 0.~~71045604~~70446215 II-B-1 0.00000000 0.~~76969303~~77420348 ~~998~~997.~~46185562~~68765062 0.~~99846186~~99768765 0.~~76969303~~77420348 II-B-2 0.00000000 0.~~76969535~~77420274 ~~998~~997.~~46185640~~68764921 0.~~99846186~~99768765 0.~~76969535~~77420274 II-B-3 0.00000000 0.~~76969273~~77420732 ~~998~~997.~~46185343~~68765311 0.~~99846185~~99768765 0.~~76969273~~77420732 II-B-4 0.00000000 0.~~76968769~~77420698 ~~998~~997.~~46186160~~68765462 0.~~99846186~~99768765 0.~~76968769~~77420698 II-B-5 0.00000000 0.~~76968806~~77421199 ~~998~~997.~~46184877~~68765311 0.~~99846185~~99768765 0.~~76968806~~77421199 II-B-6 0.00000000 0.~~76968857~~77420801 ~~998~~997.~~46185988~~68765187 0.~~99846186~~99768765 0.~~76968857~~77420801 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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-1 148,666,550.00 4.~~23183~~21917% ~~144~~135,~~850~~664,~~074~~835.5976 ~~510~~476,~~817~~994.4543 0.00 0.00 I-A-2 198,473,900.00 3.95753% ~~194~~189,~~961~~851,~~237~~446.4717 ~~642~~626,~~971~~118.0979 0.00 0.00 I-X 0.00 0.55900% ~~194~~189,~~961~~851,~~237~~446.4717 9088,~~819~~439.4413 0.00 0.00 I-A-3 110,784,000.00 4.~~49960~~49828% ~~110~~108,~~057~~827,~~336~~910.5842 ~~412~~407,~~678~~948.4326 0.00 0.00 R-I 50.00 4.~~24185~~23866% 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 4.~~24185~~23866% 0.00 0.00 0.00 0.00 R-IV 50.00 4.~~24185~~23866% 0.00 0.00 0.00 0.00 II-A-1 395,768,100.00 4.~~62410~~61509% ~~375~~356,~~363~~588,~~298~~412.2099 1,~~446~~371,~~432~~405.1566 0.00 0.00 II-X 0.00 0.39300% ~~375~~356,~~363~~588,~~298~~412.2099 ~~122~~116,~~931~~782.4871 0.00 0.00 I-B-1 4,957,000.00 4.~~42004~~41563% 4,~~953~~949,~~520~~999.7501 18,~~245~~214.6149 0.00 0.00 I-B-2 3,776,700.00 4.~~42004~~41563% 3,~~774~~771,~~049~~366.1900 13,~~901~~877.1948 0.00 0.00 I-B-3 2,596,500.00 4.~~42004~~41563% 2,~~594~~592,~~677~~832.5585 9,~~557~~540.1483 0.00 0.00 I-B-4 1,180,200.00 4.~~42004~~41563% 1,~~179~~178,~~371~~533.6315 4,~~344~~336.0564 0.00 0.00 I-B-5 708,100.00 4.~~42004~~41563% 707,~~602~~099.9991 2,~~606~~601.3691 0.00 0.00 I-B-6 944,294.88 4.~~42004~~41563% ~~943~~942,~~632~~961.0921 3,~~475~~469.7481 0.00 0.00 II-B-1 6,531,500.00 5.~~01710~~00809% 6,~~526~~521,~~480~~453.8661 27,~~286~~216.6968 0.00 0.00 II-B-2 2,245,200.00 5.~~01710~~00809% 2,~~243~~241,~~474~~746.6756 9,~~379~~355.7972 0.00 0.00 II-B-3 1,428,700.00 5.~~01710~~00809% 1,~~427~~426,~~602~~502.1145 5,~~968~~953.6937 0.00 0.00 II-B-4 816,500.00 5.~~01710~~00809% 815,~~872~~244.5611 3,~~411~~402.1034 0.00 0.00 II-B-5 612,300.00 5.~~01710~~00809% 611,~~829~~358.4819 2,~~558~~551.0145 0.00 0.00 II-B-6 816,473.08 5.~~01710~~00809% 815,~~845~~217.6623 3,~~410~~402.9823 0.00 0.00 Totals 880,306,217.96 3,~~330~~191,~~795~~611.3993 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 0.00 0.00 ~~510~~476,~~817~~994.4443 0.00 ~~135~~128,~~664~~771,~~835~~909.7648 I-A-2 0.00 0.00 ~~642~~626,~~971~~118.0878 0.00 ~~189~~178,~~851~~979,~~446~~289.1735 I-X 0.00 0.00 9088,~~819~~439.4413 0.00 ~~189~~178,~~851~~979,~~446~~289.1735 I-A-3 0.00 0.00 ~~412~~407,~~678~~948.4226 0.00 ~~108~~107,~~827~~309,~~910~~024.4234 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 R-IV 0.00 0.00 0.00 0.00 0.00 II-A-1 0.0001 0.00 1,~~446~~371,~~432~~405.1565 0.00 ~~356~~345,~~588~~897,~~412~~134.9989 II-X 0.00 0.00 ~~122~~116,~~931~~782.4870 0.00 ~~356~~345,~~588~~897,~~412~~134.9989 I-B-1 0.00 0.00 18,~~245~~214.6149 0.00 4,~~949~~946,~~999~~507.0100 I-B-2 0.00 0.00 13,~~901~~877.1948 0.00 3,~~771~~768,~~366~~705.0047 I-B-3 0.00 0.00 9,~~557~~540.1483 0.00 2,~~592~~591,~~832~~003.8572 I-B-4 0.00 0.00 4,~~344~~336.0564 0.00 1,~~178~~177,~~533~~701.1575 I-B-5 0.00 0.00 2,~~606~~601.3691 0.00 ~~707~~706,~~099~~601.9109 I-B-6 0.00 0.00 3,~~475~~469.7481 0.00 942,~~961~~295.2199 II-B-1 0.00 0.00 27,~~286~~216.6968 0.00 6,~~521~~516,~~453~~396.6189 II-B-2 0.00 0.00 9,~~379~~355.7972 0.00 2,~~241~~240,~~746~~008.5631 II-B-3 0.00 0.00 5,~~968~~953.6937 0.00 1,~~426~~425,~~502~~396.4535 II-B-4 0.00 0.00 3,~~411~~402.1034 0.00 ~~815~~814,~~244~~611.1197 II-B-5 0.00 0.00 2,~~558~~551.0145 0.00 ~~611~~610,~~358~~884.1915 II-B-6 0.00 0.00 3,~~410~~402.9823 0.00 ~~815~~814,~~217~~585.2311 Totals 0.0001 0.00 3,~~330~~191,~~795~~611.3690 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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-1 148,666,550.00 4.~~23183~~21917% ~~974~~912.~~32862059~~54445442 3.~~43599451~~20848523 0.00000000 0.00000000 I-A-2 198,473,900.00 3.95753% ~~982~~956.~~30164001~~55623319 3.~~23957503~~15466563 0.00000000 0.00000000 I-X 0.00 0.55900% ~~982~~956.~~30164001~~55623319 0.~~45758883~~44559577 0.00000000 0.00000000 I-A-3 110,784,000.00 4.~~49960~~49828% ~~993~~982.~~44071870~~34321220 3.~~72507248~~68237525 0.00000000 0.00000000 R-I 50.00 4.~~24185~~23866% 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 4.~~24185~~23866% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 4.~~24185~~23866% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 395,768,100.00 4.~~62410~~61509% ~~948~~901.~~44253036~~00342344 3.~~65474668~~46517483 0.00000000 0.00000000 II-X 0.00 0.39300% ~~948~~901.~~44253036~~00342344 0.~~31061493~~29507863 0.00000000 0.00000000 I-B-1 4,957,000.00 4.~~42004~~41563% ~~999~~998.~~29811378~~58765584 3.~~68077668~~67449869 0.00000000 0.00000000 I-B-2 3,776,700.00 4.~~42004~~41563% ~~999~~998.~~29811476~~58765589 3.~~68077687~~67449890 0.00000000 0.00000000 I-B-3 2,596,500.00 4.~~42004~~41563% ~~999~~998.~~29811284~~58765646 3.~~68077797~~67449644 0.00000000 0.00000000 I-B-4 1,180,200.00 4.~~42004~~41563% ~~999~~998.~~29811049~~58765463 3.~~68077445~~67449585 0.00000000 0.00000000 I-B-5 708,100.00 4.~~42004~~41563% ~~999~~998.~~29810761~~58764299 3.~~68077955~~67449513 0.00000000 0.00000000 I-B-6 944,294.88 4.~~42004~~41563% ~~999~~998.~~29811120~~58765516 3.~~68077819~~67449837 0.00000000 0.00000000 II-B-1 6,531,500.00 5.~~01710~~00809% ~~999~~998.~~23154865~~46185562 4.~~17770650~~16698768 0.00000000 0.00000000 II-B-2 2,245,200.00 5.~~01710~~00809% ~~999~~998.~~23154730~~46185640 4.~~17770800~~16698735 0.00000000 0.00000000 II-B-3 1,428,700.00 5.~~01710~~00809% ~~999~~998.~~23154616~~46185343 4.~~17770701~~16698397 0.00000000 0.00000000 II-B-4 816,500.00 5.~~01710~~00809% ~~999~~998.~~23154930~~46186160 4.~~17770974~~16698102 0.00000000 0.00000000 II-B-5 612,300.00 5.~~01710~~00809% ~~999~~998.~~23155316~~46184877 4.~~17770701~~16699330 0.00000000 0.00000000 II-B-6 816,473.08 5.~~01710~~00809% ~~999~~998.~~23154845~~46185988 4.~~17770051~~16698368 0.00000000 0.00000000 All classes are per $1,000 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 0.00000000 0.00000000 3.~~43599445~~20848523 0.00000000 ~~912~~866.~~54445442~~17944306 I-A-2 0.00000000 0.00000000 3.~~23957498~~15466558 0.00000000 ~~956~~901.~~55623319~~77745966 I-X 0.00000000 0.00000000 0.~~45758883~~44559577 0.00000000 ~~956~~901.~~55623319~~77745966 I-A-3 0.00000000 0.00000000 3.~~72507239~~68237525 0.00000000 ~~982~~968.~~34321220~~63287424 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 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.~~00000000~~00000003 0.00000000 3.~~65474668~~46517481 0.00000000 ~~901~~873.~~00342344~~98942686 II-X 0.00000000 0.00000000 0.~~31061493~~29507861 0.00000000 ~~901~~873.~~00342344~~98942686 I-B-1 0.00000000 0.00000000 3.~~68077668~~67449869 0.00000000 ~~998~~997.~~58765584~~88319548 I-B-2 0.00000000 0.00000000 3.~~68077687~~67449890 0.00000000 ~~998~~997.~~58765589~~88319697 I-B-3 0.00000000 0.00000000 3.~~68077797~~67449644 0.00000000 ~~998~~997.~~58765646~~88319661 I-B-4 0.00000000 0.00000000 3.~~68077445~~67449585 0.00000000 ~~998~~997.~~58765463~~88319776 I-B-5 0.00000000 0.00000000 3.~~68077955~~67449513 0.00000000 ~~998~~997.~~58764299~~88319446 I-B-6 0.00000000 0.00000000 3.~~68077819~~67449837 0.00000000 ~~998~~997.~~58765516~~88319301 II-B-1 0.00000000 0.00000000 4.~~17770650~~16698768 0.00000000 ~~998~~997.~~46185562~~68765062 II-B-2 0.00000000 0.00000000 4.~~17770800~~16698735 0.00000000 ~~998~~997.~~46185640~~68764921 II-B-3 0.00000000 0.00000000 4.~~17770701~~16698397 0.00000000 ~~998~~997.~~46185343~~68765311 II-B-4 0.00000000 0.00000000 4.~~17770974~~16698102 0.00000000 ~~998~~997.~~46186160~~68765462 II-B-5 0.00000000 0.00000000 4.~~17770701~~16699330 0.00000000 ~~998~~997.~~46184877~~68765311 II-B-6 0.00000000 0.00000000 4.~~17770051~~16698368 0.00000000 ~~998~~997.~~46185988~~68765187 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,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 3733,~~839~~422,~~087~~944.9323 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5831,~~324~~014.8620 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3733,~~897~~453,~~412~~958.7943 Withdrawals Reimbursement for Servicer Advances 2958,~~804~~324.1586 Payment of Service Fee ~~217~~209,~~826~~157.4990 Payment of Interest and Principal 3733,~~649~~186,~~782~~475.1567 Total Withdrawals (Pool Distribution Amount) 3733,~~897~~453,~~412~~958.7943 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~187~~180,~~777~~025.5227 Additional Servicing Fees 2928,~~322~~406.2346 Miscellaneous Fee 726.7417 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~217~~209,~~826~~157.4990

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 2714 0 0 0 2714 116,~~657~~035,~~822~~191.1155 0.00 0.00 0.00 116,~~657~~035,~~822~~191.1155 60 Days 10 0 0 0 10 ~~503,000~~0.00 0.00 0.00 0.00 ~~503,000~~0.00 90 Days 01 0 0 0 01 0293,603.0098 0.00 0.00 0.00 0293,603.0098 120 Days 01 0 0 0 01 0216,001.0008 0.00 0.00 0.00 0216,001.0008 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 2816 0 0 0 2816 126,~~160~~544,~~822~~796.1161 0.00 0.00 0.00 126,~~160~~544,~~822~~796.1161 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 10.~~551724~~833333% 0.000000% 0.000000% 0.000000% 10.~~551724~~833333% 10.~~425265~~765917% 0.000000% 0.000000% 0.000000% 10.~~425265~~765917% 60 Days 0.~~057471~~000000% 0.000000% 0.000000% 0.000000% 0.~~057471~~000000% 0.~~061496~~000000% 0.000000% 0.000000% 0.000000% 0.~~061496~~000000% 90 Days 0.~~000000~~059524% 0.000000% 0.000000% 0.000000% 0.~~000000~~059524% 0.~~000000~~037261% 0.000000% 0.000000% 0.000000% 0.~~000000~~037261% 120 Days 0.~~000000~~059524% 0.000000% 0.000000% 0.000000% 0.~~000000~~059524% 0.~~000000~~027412% 0.000000% 0.000000% 0.000000% 0.~~000000~~027412% 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.~~609195~~952381% 0.000000% 0.000000% 0.000000% 10.~~609195~~952381% 10.~~486761~~830590% 0.000000% 0.000000% 0.000000% 10.~~486761~~830590%

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 3 0 0 0 3 1,~~269~~164,~~602~~109.7226 0.00 0.00 0.00 1,~~269~~164,~~602~~109.7226 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 3 0 0 0 3 1,~~269~~164,~~602~~109.7226 0.00 0.00 0.00 1,~~269~~164,~~602~~109.7226 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~877193~~920245% 0.000000% 0.000000% 0.000000% 0.~~877193~~920245% 0.~~904506~~872123% 0.000000% 0.000000% 0.000000% 0.~~904506~~872123% 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.~~877193~~920245% 0.000000% 0.000000% 0.000000% 0.~~877193~~920245% 0.~~904506~~872123% 0.000000% 0.000000% 0.000000% 0.~~904506~~872123% 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 113 0 0 0 11 3 1,~~870~~312,~~994~~361.2471 0.00 0.00 0.00 31,~~870~~312,~~994~~361.2471 60 Days 10 0 0 0 10 ~~503,000~~0.00 0.00 0.00 0.00 ~~503,000~~0.00 90 Days 01 0 0 0 01 0293,603.0098 0.00 0.00 0.00 0293,603.0098 120 Days 01 0 0 0 01 0216,001.0008 0.00 0.00 0.00 0216,001.0008 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 125 0 0 0 125 41,~~373~~821,~~994~~966.2477 0.00 0.00 0.00 41,~~373~~821,~~994~~966.2477 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~380952~~684932% 0.000000% 0.000000% 0.000000% 20.~~380952~~684932% 10.~~974069~~708561% 0.000000% 0.000000% 0.000000% 10.~~974069~~708561% 60 Days 0.~~216450~~000000% 0.000000% 0.000000% 0.000000% 0.~~216450~~000000% 0.~~256512~~000000% 0.000000% 0.000000% 0.000000% 0.~~256512~~000000% 90 Days 0.~~000000~~228311% 0.000000% 0.000000% 0.000000% 0.~~000000~~228311% 0.~~000000~~158521% 0.000000% 0.000000% 0.000000% 0.~~000000~~158521% 120 Days 0.~~000000~~228311% 0.000000% 0.000000% 0.000000% 0.~~000000~~228311% 0.~~000000~~116622% 0.000000% 0.000000% 0.000000% 0.~~000000~~116622% 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 21.~~597403~~141553% 0.000000% 0.000000% 0.000000% 21.~~597403~~141553% 20.~~230581~~983703% 0.000000% 0.000000% 0.000000% 20.~~230581~~983703% 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 30 0 0 0 30 ~~2,171,000~~0.00 0.00 0.00 0.00 ~~2,171,000~~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 30 0 0 0 30 ~~2,171,000~~0.00 0.00 0.00 0.00 ~~2,171,000~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~898734~~000000% 0.000000% 0.000000% 0.000000% 10.~~898734~~000000% 10.~~933869~~000000% 0.000000% 0.000000% 0.000000% 10.~~933869~~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.~~898734~~000000% 0.000000% 0.000000% 0.000000% 10.~~898734~~000000% 10.~~933869~~000000% 0.000000% 0.000000% 0.000000% 10.~~933869~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 108 0 0 0 108 43,~~346~~558,~~225~~720.1558 0.00 0.00 0.00 43,~~346~~558,~~225~~720.1558 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 108 0 0 0 108 43,~~346~~558,~~225~~720.1558 0.00 0.00 0.00 43,~~346~~558,~~225~~720.1558 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~285347~~051248% 0.000000% 0.000000% 0.000000% 1.~~285347~~051248% 10.~~177129~~992580% 0.000000% 0.000000% 0.000000% 10.~~177129~~992580% 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 1.~~285347~~051248% 0.000000% 0.000000% 0.000000% 1.~~285347~~051248% 10.~~177129~~992580% 0.000000% 0.000000% 0.000000% 10.~~177129~~992580%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5831,~~324~~014.8620

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.~~999080~~991987% Weighted Average Net Coupon 4.~~734551~~727732% Weighted Average Pass-Through Rate 4.~~692220~~684969% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count 1,~~801~~740 Number Of Loans Paid In Full 6160 Ending Scheduled Collateral Loan Count 1,~~740~~680 Beginning Scheduled Collateral Balance ~~851~~817,~~825~~506,~~906~~919.3354 Ending Scheduled Collateral Balance ~~817~~787,~~506~~512,~~919~~055.5478 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~817~~787,~~940~~969,~~820~~901.8984 Monthly P &I Constant 43,~~176~~999,~~118~~468.3114 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 ~~817~~787,~~506~~512,~~919~~055.5478 Scheduled Principal ~~627~~598,~~496~~648.4530 Unscheduled Principal 3329,~~691~~396,~~490~~215.3446

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 4.~~487828~~474757 4.~~848995~~849368 4.~~799601~~798275 Weighted Average Net Rate 4.~~237363~~222982 4.~~687396~~687737 4.~~499601~~498276 Weighted Average Maturity ~~355~~354 ~~355~~ 354 353 Beginning Loan Count ~~361~~342 ~~471~~462 ~~159~~158 Loans Paid In Full 1916 924 13 Ending Loan Count ~~342~~326 ~~462~~438 ~~158~~155 Beginning Scheduled Balance ~~149~~140,~~443~~253,~~279~~248.0056 ~~201~~195,~~094~~979,~~732~~904.8741 ~~113~~112,~~483~~253,~~490~~831.9850 Ending scheduled Balance ~~140~~133,~~253~~355,~~248~~555.5628 ~~195~~185,~~979~~102,~~904~~774.4172 ~~112~~110,~~253~~734,~~831~~708.5018 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~714~~668,~~794~~711.8550 ~~977~~951,~~739~~008.2114 ~~461~~456,~~624~~627.3443 Scheduled Principal ~~155~~145,~~898~~712.4011 ~~165~~159,~~149~~025.7883 7,~~728~~773.1043 Unscheduled Principal 96,~~034~~751,~~132~~981.0417 410,~~949~~718,~~678~~103.6886 1,~~221~~511,~~931~~349.3889 Scheduled Interest ~~558~~522,~~896~~999.4539 ~~812~~791,~~589~~982.4331 ~~453~~448,~~896~~854.2400 Servicing Fees 3129,~~191~~426.9688 2726,~~080~~397.5712 28,~~370~~063.8845 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 ~~688~~445.9931 2827,~~633~~961.2415 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 ~~527~~493,~~015~~127.5020 ~~756~~737,~~875~~624.6204 ~~425~~420,~~525~~790.3655 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 4.~~231830~~219172 4.~~516532~~516529 4.~~499601~~498275

Group Level Collateral Statement Group Group II Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~332296~~323238 4.~~999080~~991987 Weighted Average Net Rate 5.~~019352~~010612 4.~~734551~~727732 Weighted Average Maturity ~~355~~354 ~~355~~354 Beginning Loan Count ~~810~~778 1,~~801~~740 Loans Paid In Full 3217 6160 Ending Loan Count ~~778~~761 1,~~740~~680 Beginning Scheduled Balance ~~387~~369,~~804~~019,~~403~~935.4807 ~~851~~817,~~825~~506,~~906~~919.3354 Ending scheduled Balance ~~369~~358,~~019~~319,~~935~~017.0760 ~~817~~787,~~506~~512,~~919~~055.5478 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 21,~~021~~923,~~959~~121.9107 43,~~176~~999,~~118~~468.3114 Scheduled Principal ~~298~~286,~~720~~136.1793 ~~627~~598,~~496~~648.4530 Unscheduled Principal 1810,~~485~~414,~~748~~780.2454 3329,~~691~~396,~~490~~215.3446 Scheduled Interest 1,~~723~~636,~~239~~984.7414 3,~~548~~400,~~621~~819.8684 Servicing Fees ~~101~~96,~~134~~137.1182 ~~187~~180,~~777~~025.5227 Master Servicing Fees 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 726.7417 3029,~~048~~132.9763 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,~~621~~540,~~378~~120.8915 3,~~330~~191,~~795~~661.3794 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 5.~~017103~~008250 4.~~692220~~684969

Filing Compare · BEAR STEARNS ARM TRUST 2003-5