8-K 1 sai03bc5.txt NOVEMBER 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): November 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-14 54-2120402 Pooling and Servicing Agreement) (Commission 54-2120403 (State or other File Number) 54-2120404 jurisdiction 54-2120405 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 November 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC5 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-BC5 Trust, relating to the November 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. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC5 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: 11/24/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC5 Trust, relating to the November 25, 2003 distribution. EX-99.1

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2725/03 SAIL Series: 2003-BC5 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 1A1 86358EBS4 SEN 1.24000% ~~291~~270,~~015~~032,~~259~~719.6032 ~~320~~269,~~763~~732.4968 2022,~~982~~984,~~540~~575.2896 1A2 86358EBT2 SEN 1.92000% 253,014,000.00 404,822.40 0.00 2A 86358EBU9 SEN 1.46000% ~~289~~280,~~191~~141,~~110~~618.3319 ~~375~~329,~~305~~477.8067 9,~~049~~651,~~492~~279.1428 AIO 86358EBV7 IO 6.00000% 0.00 1,749,389.99 0.00 M1 86358EBW5 MEZ 1.87000% 46,120,000.00 7669,~~661~~474.6966 0.00 M2A 86358EBX3 MEZ 2.91000% 30,000,000.00 7770,~~600~~325.00 0.00 M2B 86358ECC8 MEZ 3.02000% 15,060,000.00 4036,~~427~~637.7363 0.00 M3 86358EBY1 MEZ 3.37000% 15,904,000.00 4743,~~641~~174.3294 0.00 M4 86358EBZ8 MEZ 4.12000% 13,253,000.00 4843,~~535~~985.4323 0.00 M5 86358ECA2 MEZ 4.62000% 13,253,000.00 5449,~~425~~323.6525 0.00 B 86358ECB0 SEN 4.62000% 7,422,000.00 3027,~~479~~622.6821 0.00 X SAI03BC5X SEN 0.00000% 7,420,782.32 2,~~824~~739,~~625~~281.6762 0.00 P SAI03BC5P SEN 0.00000% 100.00 ~~599~~632,~~362~~367.5633 0.00 R1 SAI03B5R1 SEN 0.00000% 0.00 0.00 0.00 R2 SAI03B5R2 SEN 0.00000% 0.00 0.00 0.00 R3 SAI03B5R3 SEN 0.00000% 0.00 0.00 0.00 R4 SEN 0.00000% 0.00 0.00 0.00 Totals ~~981~~951,~~653~~621,~~252~~219.2583 6,~~650~~465,~~041~~614.4161 3032,~~032~~635,~~032~~855.4224

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 ~~270~~247,~~032~~048,~~719~~143.3236 2123,~~303~~254,~~303~~308.7764 0.00 1A2 0.00 253,014,000.00 404,822.40 0.00 2A 0.00 ~~280~~270,~~141~~490,~~618~~338.1991 9,~~424~~980,~~797~~756.9495 0.00 AIO 0.00 0.00 1,749,389.99 0.00 M1 0.00 46,120,000.00 7669,~~661~~474.6966 0.00 M2A 0.00 30,000,000.00 7770,~~600~~325.00 0.00 M2B 0.00 15,060,000.00 4036,~~427~~637.7363 0.00 M3 0.00 15,904,000.00 4743,~~641~~174.3294 0.00 M4 0.00 13,253,000.00 4843,~~535~~985.4323 0.00 M5 0.00 13,253,000.00 5449,~~425~~323.6525 0.00 B 0.00 7,422,000.00 3027,~~479~~622.6821 0.00 X 0.00 7,420,782.32 2,~~824~~739,~~625~~281.6762 0.00 P 0.00 100.00 ~~599~~632,~~362~~367.5633 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 Totals 0.00 ~~951~~918,~~621~~985,~~219~~364.8359 3639,~~682~~101,~~073~~469.8385 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) 1A1 346,631,000.00 ~~291~~270,~~015~~032,~~259~~719.6032 0.00 2022,~~982~~984,~~540~~575.2896 0.00 0.00 1A2 253,014,000.00 253,014,000.00 0.00 0.00 0.00 0.00 2A 312,159,000.00 ~~289~~280,~~191~~141,~~110~~618.3319 0.00 9,~~049~~651,~~492~~279.1428 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 46,120,000.00 46,120,000.00 0.00 0.00 0.00 0.00 M2A 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 M2B 15,060,000.00 15,060,000.00 0.00 0.00 0.00 0.00 M3 15,904,000.00 15,904,000.00 0.00 0.00 0.00 0.00 M4 13,253,000.00 13,253,000.00 0.00 0.00 0.00 0.00 M5 13,253,000.00 13,253,000.00 0.00 0.00 0.00 0.00 B 7,422,000.00 7,422,000.00 0.00 0.00 0.00 0.00 X 7,420,782.32 7,420,782.32 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,060,236,882.32 ~~981~~951,~~653~~621,~~252~~219.2583 0.00 3032,~~032~~635,~~032~~855.4224 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 1A1 2022,~~982~~984,~~540~~575.2896 ~~270~~247,~~032~~048,~~719~~143.3236 0.~~77902069~~71271220 2022,~~982~~984,~~540~~575.2896 1A2 0.00 253,014,000.00 1.00000000 0.00 2A 9,~~049~~651,~~492~~279.1428 ~~280~~270,~~141~~490,~~618~~338.1991 0.~~89743246~~86651463 9,~~049~~651,~~492~~279.1428 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 46,120,000.00 1.00000000 0.00 M2A 0.00 30,000,000.00 1.00000000 0.00 M2B 0.00 15,060,000.00 1.00000000 0.00 M3 0.00 15,904,000.00 1.00000000 0.00 M4 0.00 13,253,000.00 1.00000000 0.00 M5 0.00 13,253,000.00 1.00000000 0.00 B 0.00 7,422,000.00 1.00000000 0.00 X 0.00 7,420,782.32 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 R4 0.00 0.00 0.00000000 0.00 Totals 3032,~~032~~635,~~032~~855.4224 ~~951~~918,~~621~~985,~~219~~364.8359 0.~~89755529~~86677362 3032,~~032~~635,~~032~~855.4224

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 346,631,000.00 ~~839~~779.~~55347214~~02068574 0.00000000 6066.~~53278639~~30848355 0.00000000 1A2 253,014,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A 312,159,000.00 ~~926~~897.~~42246525~~43245650 0.00000000 2830.~~99000875~~91783123 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 46,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2A 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2B 15,060,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 15,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 13,253,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 13,253,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 7,422,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 7,420,782.32 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per $1,000 Denominations

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 6066.~~53278639~~30848355 ~~779~~712.~~02068574~~71220220 0.~~77902069~~71271220 6066.~~53278639~~30848355 1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A 0.00000000 2830.~~99000875~~91783123 ~~897~~866.~~43245650~~51462527 0.~~89743246~~86651463 2830.~~99000875~~91783123 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, 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 1A1 346,631,000.00 1.24000% ~~291~~270,~~015~~032,~~259~~719.6032 ~~320~~269,~~763~~732.4968 0.00 0.00 1A2 253,014,000.00 1.92000% 253,014,000.00 404,822.40 0.00 0.00 2A 312,159,000.00 1.46000% ~~289~~280,~~191~~141,~~110~~618.3319 ~~375~~329,~~305~~477.8067 0.00 0.00 AIO 0.00 6.00000% 349,878,000.00 1,749,390.00 0.00 0.00 M1 46,120,000.00 1.87000% 46,120,000.00 7669,~~661~~474.6966 0.00 0.00 M2A 30,000,000.00 2.91000% 30,000,000.00 7770,~~600~~325.00 0.00 0.00 M2B 15,060,000.00 3.02000% 15,060,000.00 4036,~~427~~637.7363 0.00 0.00 M3 15,904,000.00 3.37000% 15,904,000.00 4743,~~641~~174.3294 0.00 0.00 M4 13,253,000.00 4.12000% 13,253,000.00 4843,~~535~~985.4323 0.00 0.00 M5 13,253,000.00 4.62000% 13,253,000.00 5449,~~425~~323.6525 0.00 0.00 B 7,422,000.00 4.62000% 7,422,000.00 3027,~~479~~622.6821 0.00 0.00 X 7,420,782.32 0.00000% 7,420,782.32 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,060,236,882.32 3,~~226~~093,~~053~~965.1967 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 1A1 0.00 0.00 ~~320~~269,~~763~~732.4968 0.00 ~~270~~247,~~032~~048,~~719~~143.3236 1A2 0.00 0.00 404,822.40 0.00 253,014,000.00 2A 0.00 0.00 ~~375~~329,~~305~~477.8067 0.00 ~~280~~270,~~141~~490,~~618~~338.1991 AIO 0.01 0.00 1,749,389.99 0.00 ~~349~~286,~~878~~264,000.00 M1 0.00 0.00 7669,~~661~~474.6966 0.00 46,120,000.00 M2A 0.00 0.00 7770,~~600~~325.00 0.00 30,000,000.00 M2B 0.00 0.00 4036,~~427~~637.7363 0.00 15,060,000.00 M3 0.00 0.00 4743,~~641~~174.3294 0.00 15,904,000.00 M4 0.00 0.00 4843,~~535~~985.4323 0.00 13,253,000.00 M5 0.00 0.00 5449,~~425~~323.6525 0.00 13,253,000.00 B 0.00 0.00 3027,~~479~~622.6821 0.00 7,422,000.00 X 0.00 0.00 2,~~824~~739,~~625~~281.6762 0.00 7,420,782.32 P 0.00 0.00 ~~599~~632,~~362~~367.5633 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 Totals 0.01 0.00 6,~~650~~465,~~041~~614.4161 0.00 (4) Amount Does Not Include Excess Special Hazard, 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 1A1 346,631,000.00 1.24000% ~~839~~779.~~55347214~~02068574 0.~~92537450~~77815510 0.00000000 0.00000000 1A2 253,014,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 2A 312,159,000.00 1.46000% ~~926~~897.~~42246525~~43245650 1.~~20229050~~05548028 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 46,120,000.00 1.87000% 1000.00000000 1.~~66222225~~50638899 0.00000000 0.00000000 M2A 30,000,000.00 2.91000% 1000.00000000 2.~~58666667~~34416667 0.00000000 0.00000000 M2B 15,060,000.00 3.02000% 1000.00000000 2.~~68444422~~43277756 0.00000000 0.00000000 M3 15,904,000.00 3.37000% 1000.00000000 2.~~99555584~~71472208 0.00000000 0.00000000 M4 13,253,000.00 4.12000% 1000.00000000 3.~~66222214~~31888855 0.00000000 0.00000000 M5 13,253,000.00 4.62000% 1000.00000000 43.~~10666642~~72166679 0.00000000 0.00000000 B 7,422,000.00 4.62000% 1000.00000000 43.~~10666667~~72166667 0.00000000 0.00000000 X 7,420,782.32 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denominations

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1A1 0.00000000 0.00000000 0.~~92537450~~77815510 0.00000000 ~~779~~712.~~02068574~~71220220 1A2 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 2A 0.00000000 0.00000000 1.~~20229050~~05548028 0.00000000 ~~897~~866.~~43245650~~51462527 AIO 0.00000003 0.00000000 4.99999997 0.00000000 ~~1000~~818.~~00000000~~18233784 M1 0.00000000 0.00000000 1.~~66222225~~50638899 0.00000000 1000.00000000 M2A 0.00000000 0.00000000 2.~~58666667~~34416667 0.00000000 1000.00000000 M2B 0.00000000 0.00000000 2.~~68444422~~43277756 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~99555584~~71472208 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~66222214~~31888855 0.00000000 1000.00000000 M5 0.00000000 0.00000000 43.~~10666642~~72166679 0.00000000 1000.00000000 B 0.00000000 0.00000000 43.~~10666667~~72166667 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~380~~369.~~63718193~~13650096 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, 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 3739,~~321~~746,~~720~~136.8910 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(22,049.0031) Prepayment Penalties 0.00 Total Deposits 3739,~~321~~724,~~720~~086.8979 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~639~~622,~~647~~616.0694 Payment of Interest and Principal 3639,~~682~~101,~~073~~469.8385 Total Withdrawals (Pool Distribution Amount) 3739,~~321~~724,~~720~~086.8979 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~409~~396,~~022~~508.2587 Credit Risk Management Fee 1211,~~270~~895.6727 PMI Insurance Premium Fee ~~214~~210,~~263~~247.9070 Trustee Fee 43,~~090~~965.2410 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~639~~622,~~647~~616.0694

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 197 0 0 197 1922,~~920,564~~164.9799 0.00 0.00 1922,~~920,564~~164.9799 30 Days ~~112~~111 24 0 0 ~~114~~115 1614,~~395~~046,~~763~~658.8208 ~~238~~550,~~914~~654.3269 0.00 0.00 1614,~~634~~597,~~678~~312.1477 60 Days 3426 12 1424 10 5052 4,~~438~~529,~~005~~366.0735 ~~115~~238,~~242~~914.3932 13,~~994~~189,~~511~~392.6733 0.00 67,~~547~~957,~~759~~673.1300 90 Days 1912 34 3024 0 5240 21,~~330~~201,~~223~~069.8103 ~~324~~467,~~643~~907.1545 3,~~550~~312,~~063~~865.1523 0.00 64,~~204~~981,~~930~~841.1171 120 Days 514 24 2428 10 3246 ~~577~~1,~~730~~928,781.3518 ~~146~~276,~~972~~726.2369 3,~~149~~235,~~279~~382.0312 ~~75,668~~0.9100 35,~~949~~440,~~650~~889.5299 150 Days 14 12 1324 01 1531 87536,~~000~~270.0030 29146,~~977~~972.3023 23,~~062~~025,~~663~~892.1104 075,668.0091 23,~~179~~784,~~640~~803.4148 180+ Days 02 01 010 01 014 0341,779.0040 029,977.0030 01,650,935.0050 0.00 02,022,692.0020 Totals ~~171~~169 2824 81110 2 ~~282~~305 2322,~~828~~583,~~723~~924.0534 2,~~776~~633,~~314~~317.3667 1014,~~756~~414,~~516~~467.9622 75,668.91 3739,~~437~~707,~~223~~378.2814 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.~~289237~~109701% 0.000000% 0.000000% 0.~~289237~~109701% 0.~~201663~~100267% 0.000000% 0.000000% 0.~~201663~~100267% 30 Days 1.~~704978~~739539% 0.~~030446~~062686% 0.000000% 0.000000% 1.~~735424~~802225% 1.~~721582~~527292% 0.~~025086~~059873% 0.000000% 0.000000% 1.~~746669~~587165% 60 Days 0.~~517583~~407460% 0.~~015223~~031343% 0.~~213122~~376117% 0.~~015223~~000000% 0.~~761151~~814919% 0.~~465998~~492478% 0.~~012101~~025977% 0.~~209427~~346782% 0.000000% 0.~~687526~~865237% 90 Days 0.~~289237~~188058% 0.~~045669~~062686% 0.~~456691~~376117% 0.000000% 0.~~791597~~626861% 0.~~244677~~130592% 0.~~034088~~050876% 0.~~372763~~360208% 0.000000% 0.~~651528~~541675% 120 Days 0.~~076115~~219401% 0.~~030446~~062686% 0.~~365352~~438803% 0.~~015223~~000000% 0.~~487137~~720890% 0.~~060663~~209716% 0.~~015432~~030088% 0.~~330680~~351783% 0.~~007945~~000000% 0.~~414720~~591588% 150 Days 0.~~015223~~062686% 0.~~015223~~031343% 0.~~197899~~376117% 0.~~000000~~015672% 0.~~228345~~485817% 0.~~009135~~058309% 0.~~003148~~015980% 0.~~216583~~329005% 0.~~000000~~008227% 0.~~228866~~411521% 180+ Days 0.~~000000~~031343% 0.~~000000~~015672% 0.~~000000~~156715% 0.~~000000~~015672% 0.~~000000~~219401% 0.~~000000~~037162% 0.~~000000~~003259% 0.~~000000~~179506% 0.000000% 0.~~000000~~219927% Totals 2.~~603136~~648488% 0.~~426244~~376117% 1.~~233064~~723868% 0.~~030446~~031343% 4.~~292891~~779815% 2.~~502055~~455549% 0.~~291518~~286320% 1.~~129452~~567284% 0.~~007945~~008227% 34.~~930971~~317381%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) 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 21 0 0 21 ~~144~~48,~~323~~992.3129 0.00 0.00 ~~144~~48,~~323~~992.3129 30 Days 710 0 0 0 710 ~~489~~721,~~257~~352.3633 0.00 0.00 0.00 ~~489~~721,~~257~~352.3633 60 Days 21 0 02 0 23 ~~139~~71,~~269~~034.8016 0.00 0230,290.0062 0.00 ~~139~~301,~~269~~324.8078 90 Days 21 0 30 0 51 9768,~~944~~193.3273 0.00 ~~349,946~~0.9200 0.00 ~~447~~68,~~891~~193.2473 120 Days 12 0 12 0 24 4197,~~460~~944.0532 0.00 ~~115~~98,~~235~~458.8563 0.00 ~~156~~196,~~695~~402.9095 150 Days 0 0 2 0 2 0.00 0.00 82156,~~957~~695.2590 0.00 82156,~~957~~695.2590 180 Days 0 0 01 0 01 0.00 0.00 027,957.0025 0.00 027,957.0025 Totals 1214 21 67 0 2022 ~~767~~958,~~931~~524.5354 ~~144~~48,~~323~~992.3129 ~~548~~513,~~140~~402.0240 0.00 1,~~460~~520,~~394~~919.8623 0-29 Days 0.~~232558~~119474% 0.000000% 0.000000% 0.~~232558~~119474% 0.~~165594~~058192% 0.000000% 0.000000% 0.~~165594~~058192% 30 Days 01.~~813953~~194743% 0.000000% 0.000000% 0.000000% 01.~~813953~~194743% 0.~~561365~~856807% 0.000000% 0.000000% 0.000000% 0.~~561365~~856807% 60 Days 0.~~232558~~119474% 0.000000% 0.~~000000~~238949% 0.000000% 0.~~232558~~358423% 0.~~159796~~084373% 0.000000% 0.~~000000~~273534% 0.000000% 0.~~159796~~357907% 90 Days 0.~~232558~~119474% 0.000000% 0.~~348837~~000000% 0.000000% 0.~~581395~~119474% 0.~~112380~~080999% 0.000000% 0.~~401523~~000000% 0.000000% 0.~~513903~~080999% 120 Days 0.~~116279~~238949% 0.000000% 0.~~116279~~238949% 0.000000% 0.~~232558~~477897% 0.~~047571~~116336% 0.000000% 0.~~132220~~116947% 0.000000% 0.~~179790~~233283% 150 Days 0.000000% 0.000000% 0.~~232558~~238949% 0.000000% 0.~~232558~~238949% 0.000000% 0.000000% 0.~~095184~~186120% 0.000000% 0.~~095184~~186120% 180 Days 0.000000% 0.000000% 0.~~000000~~119474% 0.000000% 0.~~000000~~119474% 0.000000% 0.000000% 0.~~000000~~033207% 0.000000% 0.~~000000~~033207% Totals 1.~~395349~~672640% 0.~~232558~~119474% 0.~~697674~~836320% 0.000000% 2.~~325581~~628435% 01.~~881111~~138515% 0.~~165594~~058192% 0.~~628926~~609808% 0.000000% 1.~~675631~~806515% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 144 0 0 144 1651,~~399,411~~437.9897 0.00 0.00 1651,~~399,411~~437.9897 30 Days 75 14 0 0 7679 10,~~759~~121,~~160~~955.5451 ~~135~~550,~~657~~654.4569 0.00 0.00 10,~~894~~672,~~817~~610.9920 60 Days 2413 1 517 10 31 31,~~046~~915,~~477~~696.5066 ~~115~~135,~~242~~657.3945 ~~456~~2,~~307~~477,310.6932 0.00 34,~~618~~528,~~027~~664.5843 90 Days 137 4 12 0 23 865,388.57 467,907.45 1,180,777.53 160.00 2,514,073.55 120 Days 10 1 15 0 3026 1,~~641~~335,~~328~~831.8146 8033,~~790~~685.8647 2,~~231~~133,~~588~~621.8354 0.00 3,~~953~~503,~~708~~138.5047 ~~120~~150 Days 3 0 1514 1 1918 467,297.78 0.00 1,~~967~~802,~~047~~200.6460 75,668.91 2,~~510~~345,~~014~~167.3329 ~~150~~180 Days 01 1 86 01 9 0254,779.0040 29,977.30 1937,~~293,757~~030.9736 0.00 1,~~323~~221,~~735~~787.2706 ~~180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00~~ Totals ~~115~~109 1815 4464 2 ~~179~~190 1514,~~914~~960,~~264~~949.6338 1,~~761~~869,~~079~~320.9833 58,~~948~~530,~~702~~940.1335 75,668.91 2325,~~699~~436,~~715~~878.6597 0-29 Days 0.~~364109~~107585% 0.000000% 0.000000% 0.~~364109~~107585% 0.~~262075~~126757% 0.000000% 0.000000% 0.~~262075~~126757% 30 Days 12.~~950585~~017214% 0.~~026008~~107585% 0.000000% 0.000000% 12.~~976593~~124798% 21.~~014923~~969529% 0.~~025405~~107146% 0.000000% 0.000000% 2.~~040328~~076675% 60 Days 0.~~624187~~349650% 0.~~026008~~026896% 0.~~130039~~457235% 0.~~026008~~000000% 0.~~806242~~833782% 0.~~570529~~372756% 0.~~021582~~026396% 0.~~085455~~482035% 0.000000% 0.~~677567~~881187% 90 Days 0.~~338101~~188273% 0.~~026008~~107585% 0.~~416125~~322754% 0.000000% 0.~~780234~~618612% 0.~~307380~~168387% 0.~~015130~~091045% 0.~~417921~~229756% 0.000000% 0.~~740431~~489188% 120 Days 0.~~078023~~268962% 0.~~000000~~026896% 0.~~390117~~403443% 0.~~026008~~000000% 0.~~494148~~699301% 0.~~087513~~259926% 0.~~000000~~006555% 0.~~368379~~415160% 0.~~014171~~000000% 0.~~470063~~681640% 150 Days 0.~~000000~~080689% 0.~~026008~~000000% 0.~~208062~~376547% 0.~~000000~~026896% 0.~~234070~~484131% 0.~~000000~~090927% 0.~~005614~~000000% 0.~~242289~~350672% 0.~~000000~~014724% 0.~~247903~~456322% 180 Days 0.~~000000~~026896% 0.~~000000~~026896% 0.~~000000~~161377% 0.~~000000~~026896% 0.~~000000~~242066% 0.~~000000~~049575% 0.~~000000~~005833% 0.~~000000~~182327% 0.000000% 0.~~000000~~237735% Totals 2.~~990897~~931684% 0.~~468140~~403443% 1.~~144343~~721356% 0.~~052016~~053792% 45.~~655397~~110274% 2.~~980346~~911100% 0.~~329806~~363732% 1.~~114044~~659950% 0.~~014171~~014724% 4.~~438367~~949505% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) 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 21 0 0 21 ~~199~~44,~~395~~397.3524 0.00 0.00 ~~199~~44,~~395~~397.3524 30 Days 147 0 0 0 147 ~~912~~400,~~257~~323.0130 0.00 0.00 0.00 ~~912~~400,~~257~~323.0130 60 Days 5 0 3 0 8 443,959.84 0.00 195,861.20 0.00 639,821.04 90 Days 4 0 2 0 76 ~~658~~267,~~374~~486.0573 0.00 101,762.41 0.00 ~~760~~369,~~136~~249.4614 90120 Days 21 0 45 0 6 ~~123~~83,~~053~~225.1281 0.00 ~~229~~269,~~930~~757.5485 0.00 352,983.66 ~~120~~150 Days 1 1 3 0 5 68,972.52 69,669.09 220,790.20 0.00 359,431.81 ~~150~~180 Days 1 0 0 0 1 87,000.00 0.00 0.00 0.00 87,000.00 ~~180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00~~ Totals 2319 32 913 0 3534 1,~~849~~350,~~656~~968.7020 ~~269~~114,~~064~~066.4433 ~~552~~788,~~483~~171.1566 0.00 2,~~671~~253,~~204~~206.2919 0-29 Days 0.~~213220~~108108% 0.000000% 0.000000% 0.~~213220~~108108% 0.~~153165~~034595% 0.000000% 0.000000% 0.~~153165~~034595% 30 Days 10.~~492537~~756757% 0.000000% 0.000000% 0.000000% 10.~~492537~~756757% 0.~~700746~~311941% 0.000000% 0.000000% 0.000000% 0.~~700746~~311941% 60 Days 0.~~533049~~540541% 0.000000% 0.~~213220~~324324% 0.000000% 0.~~746269~~864865% 0.~~505727~~345944% 0.000000% 0.~~078168~~152620% 0.000000% 0.~~583895~~498564% 90 Days 0.~~213220~~432432% 0.000000% 0.~~426439~~216216% 0.000000% 0.~~639659~~648649% 0.~~094523~~208432% 0.000000% 0.~~176620~~079296% 0.000000% 0.~~271143~~287728% 120 Days 0.~~106610~~108108% 0.~~106610~~000000% 0.~~319829~~540541% 0.000000% 0.~~533049~~648649% 0.~~052981~~064852% 0.~~053516~~000000% 0.~~169599~~210202% 0.000000% 0.~~276096~~275053% 150 Days 0.~~106610~~108108% 0.~~000000~~108108% 0.~~000000~~324324% 0.000000% 0.~~106610~~540541% 0.~~066829~~053745% 0.~~000000~~054288% 0.~~000000~~172045% 0.000000% 0.~~066829~~280078% 180 Days 0.~~000000~~108108% 0.000000% 0.000000% 0.000000% 0.~~000000~~108108% 0.~~000000~~067792% 0.000000% 0.000000% 0.000000% 0.~~000000~~067792% Totals 2.~~452026~~054054% 0.~~319829~~216216% 01.~~959488~~405405% 0.000000% 3.~~731343~~675676% 1.~~420804~~052706% 0.~~206680~~088883% 0.~~424387~~614162% 0.000000% 21.~~051872~~755752% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 177,~~434~~337.3349 0.00 0.00 177,~~434~~337.3349 30 Days 1619 10 0 0 1719 42,~~235~~803,~~088~~026.9194 0.00 0.00 0.00 2,803,026.94 60 Days 7 1 2 0 10 2,098,675.69 103,256.87 0285,930.0019 0.00 42,~~338~~487,~~345~~862.7875 6090 Days 30 0 710 0 10 ~~593,883~~0.7200 0.00 12,~~436~~030,~~441~~325.5729 0.00 2,030,325.29 90120 Days 21 23 76 0 1110 ~~467~~411,~~897~~779.5659 243,~~852~~041.2922 ~~738~~733,~~596~~544.8610 0.00 1,~~450~~388,~~346~~364.7191 ~~120~~150 Days 0 1 5 0 6 0.00 77,303.14 846,205.34 0.00 923,508.48 ~~150~~180 Days 0 0 3 0 3 0.00 0.00 685,947.89 0.00 685,947.89 ~~180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00~~ Totals 2127 56 2226 0 4859 5,~~296~~313,~~870~~482.1922 ~~601~~600,~~846~~938.6372 34,~~707~~581,~~191~~952.6681 0.00 910,~~605~~496,~~908~~373.4875 0-29 Days 0.~~107991~~110988% 0.000000% 0.000000% 0.~~107991~~110988% 0.~~088252~~091762% 0.000000% 0.000000% 0.~~088252~~091762% 30 Days 12.~~727862~~108768% 0.~~107991~~000000% 0.000000% 0.000000% 12.~~835853~~108768% 21.~~106449~~450403% 0.~~051358~~000000% 0.000000% 0.000000% 21.~~157807~~450403% 60 Days 0.~~323974~~776915% 0.~~000000~~110988% 0.~~755940~~221976% 0.000000% 1.~~079914~~109878% 01.~~295386~~085942% 0.~~000000~~053429% 0.~~714457~~147952% 0.000000% 1.~~009843~~287324% 90 Days 0.~~215983~~000000% 0.~~215983~~000000% 01.~~755940~~109878% 0.000000% 1.~~187905~~109878% 0.~~232723~~000000% 0.~~121287~~000000% 01.~~367363~~050575% 0.000000% 01.~~721374~~050575% 120 Days 0.~~000000~~110988% 0.~~107991~~332963% 0.~~539957~~665927% 0.000000% 01.~~647948~~109878% 0.~~000000~~213072% 0.~~038449~~125760% 0.~~420886~~379566% 0.000000% 0.~~459335~~718398% 150 Days 0.000000% 0.~~000000~~110988% 0.~~323974~~554939% 0.000000% 0.~~323974~~665927% 0.000000% 0.~~000000~~040000% 0.~~341177~~437862% 0.000000% 0.~~341177~~477862% 180 Days 0.000000% 0.000000% 0.~~000000~~332963% 0.000000% 0.~~000000~~332963% 0.000000% 0.000000% 0.~~000000~~354938% 0.000000% 0.~~000000~~354938% Totals 2.~~267819~~996670% 0.~~539957~~665927% 2.~~375810~~885683% 0.000000% 56.~~183585~~548280% 2.~~634558~~749417% 0.~~299347~~310951% 12.~~843883~~370894% 0.000000% 45.~~777788~~431262%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~179163~~171571% Weighted Average Net Coupon 7.~~679163~~671571% Weighted Average Pass-Through Rate 7.~~412241~~401447% Weighted Average Maturity(Stepdown Calculation ) ~~339~~338 Beginning Scheduled Collateral Loan Count 6,~~731~~569 Number Of Loans Paid In Full ~~162~~188 Ending Scheduled Collateral Loan Count 6,~~569~~381 Beginning Scheduled Collateral Balance ~~981~~951,~~653~~621,~~252~~219.2583 Ending Scheduled Collateral Balance ~~951~~918,~~621~~985,~~219~~364.8359 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 ~~952~~919,~~365~~709,~~912~~798.8567 Monthly P &I Constant 7,~~455~~230,~~927~~208.8611 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 022,049.0031 Cumulative Realized Loss 022,049.0031 Ending Scheduled Balance for Premium Loans ~~951~~918,~~621~~985,~~219~~364.8359 Scheduled Principal ~~765~~750,~~009~~007.5389 Unscheduled Principal 2931,~~267~~885,~~022~~847.8935

Miscellaneous Reporting Monthly Excess Cashflows 2,~~825~~763,~~218~~572.1866 Overcollateralization Amount 7,420,882.32 Overcollateralization Deficiency 0.00 Aggregate Overcollateralization Release 0.00 Targeted Overcollateralization Amount 7,420,882.32 Cap payment 0.00

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.~~087743~~079057 8.~~475527~~464243 7.~~484426~~486019 Weighted Average Net Rate 7.~~587743~~579057 7.~~975527~~964243 6.~~984425~~986019 Weighted Average Maturity ~~342~~341 ~~342~~341 ~~332~~331 Beginning Loan Count ~~880~~860 3,~~957~~845 ~~950~~938 Loans Paid In Full 2023 ~~112~~127 1213 Ending Loan Count ~~860~~837 3,~~845~~718 ~~938~~925 Beginning Scheduled Balance 8987,~~245~~063,~~101~~999.4072 ~~552~~533,~~400~~599,~~878~~439.1959 ~~133~~130,~~318~~064,~~405~~269.2758 Ending scheduled Balance 8784,~~063~~106,~~999~~825.7217 ~~533~~513,~~599~~564,~~439~~298.5912 ~~130~~128,~~064~~216,~~269~~366.5833 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant ~~702~~686,~~946~~746.6771 4,~~274~~127,~~523~~918.5037 ~~968~~946,~~757~~536.7710 Scheduled Principal ~~101~~100,~~453~~584.7820 ~~372~~364,~~949~~155.7847 ~~137~~135,~~248~~149.0277 Unscheduled Principal 2,~~079~~856,~~647~~590.9035 1819,~~428~~670,~~488~~986.8200 31,~~116~~712,~~887~~753.6748 Scheduled Interest ~~601~~586,~~492~~162.8951 3,~~901~~763,~~573~~762.7290 ~~831~~811,~~509~~386.7533 Servicing Fees 3736,~~185~~276.4764 ~~230~~222,~~167~~333.0514 5554,~~549~~193.3647 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~371~~362.8676 2,~~301~~223.6735 ~~555~~541.5095 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7,~~405~~400.5005 ~~115~~113,~~484~~171.4767 14,~~477~~288.9312 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 ~~556~~542,~~530~~123.06 3,~~553~~426,~~620~~034.5374 ~~760~~742,~~926~~362.9679 Realized Loss Amount 0.00 022,049.0031 0.00 Cumulative Realized Loss 0.00 022,049.0031 0.00 Percentage of Cumulative Losses 0.000000 0.000037 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.~~483168~~472062 7.~~719656~~704734 6.~~849110~~849194

Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~874688~~878135 8.~~179163~~171571 Weighted Average Net Rate 7.~~374688~~378135 7.~~679163~~671571 Weighted Average Maturity ~~332~~331 ~~339~~338 Beginning Loan Count ~~944~~926 6,~~731~~569 Loans Paid In Full 1825 ~~162~~188 Ending Loan Count ~~926~~901 6,~~569~~381 Beginning Scheduled Balance ~~206~~200,~~688~~893,~~867~~510.3994 ~~981~~951,~~653~~621,~~252~~219.2583 Ending scheduled Balance ~~200~~193,~~893~~097,~~510~~874.9497 ~~951~~918,~~621~~985,~~219~~364.8359 Record Date 0910/3031/2003 0910/3031/2003 Principal And Interest Constant 1,~~509~~469,~~699~~006.9293 7,~~455~~230,~~927~~208.8611 Scheduled Principal ~~153~~150,~~357~~118.9545 ~~765~~750,~~009~~007.5389 Unscheduled Principal 57,~~641~~645,~~998~~517.5052 2931,~~267~~885,~~022~~847.8935 Scheduled Interest 1,~~356~~318,~~341~~888.9748 6,~~690~~480,~~918~~200.3322 Servicing Fees 8683,~~120~~705.3762 ~~409~~396,~~022~~508.2587 Master Servicing Fees 0.00 0.00 Trustee Fee ~~861~~837.2104 43,~~090~~965.2410 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 7675,~~896~~387.0086 ~~214~~210,~~263~~247.9070 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,~~192~~158,~~464~~957.3996 65,~~063~~869,~~541~~478.9455 Realized Loss Amount 0.00 022,049.0031 Cumulative Realized Loss 0.00 022,049.0031 Percentage of Cumulative Losses 0.000000 0.000021 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~923243~~922819 7.~~412241~~401447

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-BC5