8-K 1 bst01001.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 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-27 22-3855514 Pooling and Servicing Agreement) (Commission 90-0030575 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On November 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-1 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 Mortgage Pass-Through Certificates, Series 2001-1 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1 Trust, relating to the November 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2725/03 BST Series: 2001-1 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 07384MBA9 SEN 3.~~69813~~64843% 1312,~~900~~977,~~143~~574.5295 4139,~~959~~136.8082 ~~922~~234,~~568~~766.5630 A-2 07384MBB7 SEN 3.~~64283~~62339% 6,~~449~~193,~~939~~244.2318 1918,~~179~~548.0599 ~~256~~389,~~695~~173.0560 A-3 07384MBC5 SEN 4.~~11823~~04546% 8,~~541~~131,~~052~~912.7918 2827,~~711~~192.3834 ~~409~~19,~~140~~548.6168 A-4 07384MBD3 SEN 6.~~82112~~77299% 43,~~077~~615,~~031~~146.8065 2220,~~700~~239.3317 ~~461~~371,~~885~~232.1502 A-5 07384MBE1 SEN 6.~~82986~~73843% 42,~~992~~604,~~136~~725.1277 2714,~~831~~507.1299 2738,~~387,410~~557.3587 A-6 07384MBF8 SEN 6.~~71527~~76839% 43,~~683~~568,~~000~~168.4768 2519,~~669~~962.6559 1191,~~114,831~~703.8035 R-I 07384MBG6 SEN 7.~~98152~~98206% 0.00 0.00 0.00 R-II 07384MBH4 SEN 7.~~98152~~98206% 0.00 0.00 0.00 B-1 07384MBJ0 SUB 5.~~44707~~40874% 4,~~718~~708,~~031~~899.3012 2021,~~977~~052.6340 9,~~132~~454.1786 B-2 07384MBK7 SUB 5.~~44707~~40874% 2,~~097~~093,~~348~~288.2261 9,~~325~~358.3761 4,~~059~~203.6105 B-3 07384MBL5 SUB 5.~~44707~~40874% 1,~~747~~744,~~440~~057.2188 7,~~769~~797.5928 3,~~382~~501.3384 B-4 07384MBM3 SUB 5.~~44707~~40874% 1,~~398~~395,~~104~~398.8873 6,~~216~~238.3551 2,~~706~~801.1678 B-5 07384MBN1 SUB 5.~~44707~~40874% 1,~~048~~046,~~387~~358.7752 4,~~661~~678.4103 2,~~029~~100.2595 B-6 07384MBP6 SUB 5.~~44707~~40874% 1,~~038~~036,~~130~~120.2888 4,~~615~~632.8126 2,~~009~~080.3940 Totals 5449,~~690~~114,~~746~~896.5915 ~~219~~193,~~617~~344.4999 51,~~575~~969,~~850~~124.4370

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 12,~~977~~742,~~574~~808.9565 ~~964~~273,~~528~~903.3612 0.00 A-2 0.00 65,~~193~~804,~~244~~070.1859 ~~275~~407,~~874~~722.1059 0.00 A-3 0.00 8,~~131~~112,~~912~~363.1850 ~~437~~46,~~851~~741.9902 0.00 A-4 0.00 3,~~615~~243,~~146~~914.6563 ~~484~~391,~~585~~471.4819 0.00 A-5 0.00 21,~~604~~866,~~725~~167.7790 2753,~~415,241~~065.4786 0.00 A-6 0.00 3,~~568~~376,~~168~~465.6832 1211,~~140,501~~665.4594 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 4,~~708~~699,~~899~~444.1227 30,~~109~~507.8026 0.00 B-2 0.00 2,~~093~~089,~~288~~085.6156 13,~~384~~561.9866 0.00 B-3 0.00 1,~~744~~740,~~057~~556.8804 11,~~151~~299.9212 0.00 B-4 0.00 1,~~395~~392,~~398~~596.7395 89,~~922~~040.5129 0.00 B-5 0.00 1,~~046~~044,~~358~~257.5257 6,~~690~~778.6698 0.00 B-6 0.00 1,~~036~~034,~~120~~040.8849 6,~~625~~712.2066 188,438.99 Totals 0.00 4947,~~114~~145,~~896~~771.1547 52,~~795~~162,~~467~~469.9269 188,438.99 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 44,424,300.00 1312,~~900~~977,~~143~~574.5295 4946,~~003~~960.2069 ~~873~~187,~~565~~805.3661 0.00 0.00 A-2 50,477,200.00 6,~~449~~193,~~939~~244.2318 1110,~~106~~759.5025 ~~245~~378,~~588~~414.5535 0.00 0.00 A-3 71,037,800.00 8,~~541~~131,~~052~~912.79 18 17,~~249~~740.1450 ~~390~~1,~~891~~808.4718 0.00 0.00 A-4 73,898,400.00 43,~~077~~615,~~031~~146.8065 65,~~548~~977.7479 ~~455~~365,~~336~~254.4123 0.00 0.00 A-5 55,630,500.00 42,~~992~~604,~~136~~725.1277 63,~~547~~804.9691 2734,~~380,862~~752.3996 0.00 0.00 A-6 57,892,900.00 43,~~683~~568,~~000~~168.4768 86,~~153~~559.5429 1185,~~106,678~~144.2606 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 B-1 4,943,100.00 4,~~718~~708,~~031~~899.3012 9,~~132~~454.1786 0.00 0.00 0.00 B-2 2,197,400.00 2,~~097~~093,~~348~~288.2261 4,~~059~~203.6105 0.00 0.00 0.00 B-3 1,830,800.00 1,~~747~~744,~~440~~057.2188 3,~~382~~501.3384 0.00 0.00 0.00 B-4 1,464,800.00 1,~~398~~395,~~104~~398.8873 2,~~706~~801.1678 0.00 0.00 0.00 B-5 1,098,400.00 1,~~048~~046,~~387~~358.7752 2,~~029~~100.2595 0.00 0.00 0.00 B-6 1,281,973.98 1,~~038~~036,~~130~~120.2888 2,~~009~~080.3940 0.00 0.00 0.00 Totals 366,177,673.98 5449,~~690~~114,~~746~~896.5915 ~~122~~115,~~927~~945.9931 51,~~452~~853,~~922~~179.4439 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 ~~922~~234,~~568~~766.5630 12,~~977~~742,~~574~~808.9565 0.~~29212784~~28684321 ~~922~~234,~~568~~766.5630 A-2 ~~256~~389,~~695~~173.0560 65,~~193~~804,~~244~~070.1859 0.~~12269389~~11498400 ~~256~~389,~~695~~173.0560 A-3 ~~409~~19,~~140~~548.6168 8,~~131~~112,~~912~~363.1850 0.~~11447303~~11419784 ~~409~~19,~~140~~548.6168 A-4 ~~461~~371,~~885~~232.1502 3,~~615~~243,~~146~~914.6563 0.~~04892050~~04389695 ~~461~~371,~~885~~232.1502 A-5 2738,~~387,410~~557.3587 21,~~604~~866,~~725~~167.7790 0.~~04682190~~03354577 2738,~~387,410~~557.3587 A-6 1191,~~114,831~~703.8035 3,~~568~~376,~~168~~465.6832 0.~~06163396~~05832262 1191,~~114,831~~703.8035 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 9,~~132~~454.1786 4,~~708~~699,~~899~~444.1227 0.~~95262065~~95070791 9,~~132~~454.1786 B-2 4,~~059~~203.6105 2,~~093~~089,~~288~~085.6156 0.~~95262065~~95070791 4,~~059~~203.6105 B-3 3,~~382~~501.3384 1,~~744~~740,~~057~~556.8804 0.~~95262065~~95070791 3,~~382~~501.3384 B-4 2,~~706~~801.1678 1,~~395~~392,~~398~~596.7395 0.~~95262065~~95070791 2,~~706~~801.1678 B-5 2,~~029~~100.2595 1,~~046~~044,~~358~~257.5257 0.~~95262065~~95070791 2,~~029~~100.2595 B-6 2,~~009~~080.3940 1,~~036~~034,~~120~~040.8849 0.~~80822302~~80660022 2,~~009~~080.3940 Totals 51,~~575~~969,~~850~~124.4370 4947,~~114~~145,~~896~~771.1547 0.~~13412859~~12875108 51,~~575~~969,~~850~~124.4370

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 44,424,300.00 ~~312~~292.~~89504888~~12784332 1.~~10307197~~05709465 194.~~66413337~~22754236 0.00000000 A-2 50,477,200.00 ~~127~~122.~~77925935~~69389308 0.~~22003003~~21315069 47.~~86533623~~49673813 0.00000000 A-3 71,037,800.00 ~~120~~114.~~23250706~~47302957 0.~~25689337~~24973324 50.~~50258412~~02545377 0.00000000 A-4 73,898,400.00 5548.~~17077230~~92049963 0.~~08861816~~08089201 64.~~16165451~~94265410 0.00000000 A-5 55,630,500.00 8946.~~73739441~~82190112 0.~~11770450~~06839611 4213.~~79778880~~20773604 0.00000000 A-6 57,892,900.00 8061.~~89075638~~63395995 0.~~14083834~~11330042 193.~~11595826~~19804432 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 B-1 4,943,100.00 ~~954~~952.~~46810706~~62064696 1.~~84745807~~91273897 0.00000000 0.00000000 B-2 2,197,400.00 ~~954~~952.~~46810776~~62064713 1.~~84746064~~91273778 0.00000000 0.00000000 B-3 1,830,800.00 ~~954~~952.~~46810684~~62064671 1.~~84746013~~91273760 0.00000000 0.00000000 B-4 1,464,800.00 ~~954~~952.~~46810486~~62065128 1.~~84746040~~91273894 0.00000000 0.00000000 B-5 1,098,400.00 ~~954~~952.~~46810816~~62064822 1.~~84745994~~91273671 0.00000000 0.00000000 B-6 1,281,973.98 ~~809~~808.~~79044520~~22301869 1.~~56741871~~62280985 0.00000000 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 205.~~76720534~~28463701 ~~292~~286.~~12784332~~84320631 0.~~29212784~~28684321 205.~~76720534~~28463701 A-2 0.00000000 57.~~08536626~~70988882 ~~122~~114.~~69389308~~98400446 0.~~12269389~~11498400 57.~~08536626~~70988882 A-3 0.00000000 50.~~75947749~~27518701 114.~~47302957~~19784256 0.~~11447303~~11419784 50.~~75947749~~27518701 A-4 0.00000000 65.~~25027267~~02354611 4843.~~92049963~~89695352 0.~~04892050~~04389695 65.~~25027267~~02354611 A-5 0.00000000 4213.~~91549330~~27613216 4633.~~82190112~~54576896 0.~~04682190~~03354577 4213.~~91549330~~27613216 A-6 0.00000000 193.~~25679660~~31134474 6158.~~63395995~~32261504 0.~~06163396~~05832262 193.~~25679660~~31134474 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~84745807~~91273897 ~~952~~950.~~62064696~~70791002 0.~~95262065~~95070791 1.~~84745807~~91273897 B-2 0.00000000 1.~~84746064~~91273778 ~~952~~950.~~62064713~~70790935 0.~~95262065~~95070791 1.~~84746064~~91273778 B-3 0.00000000 1.~~84746013~~91273760 ~~952~~950.~~62064671~~70790911 0.~~95262065~~95070791 1.~~84746013~~91273760 B-4 0.00000000 1.~~84746040~~91273894 ~~952~~950.~~62065128~~70791234 0.~~95262065~~95070791 1.~~84746040~~91273894 B-5 0.00000000 1.~~84745994~~91273671 ~~952~~950.~~62064822~~70791151 0.~~95262065~~95070791 1.~~84745994~~91273671 B-6 0.00000000 1.~~56741871~~62280985 ~~808~~806.~~22301869~~60021664 0.~~80822302~~80660022 1.~~56741871~~62280985 (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 A-1 44,424,300.00 3.~~69813~~64843% 1312,~~900~~977,~~143~~574.5295 4239,~~837~~456.0744 0.00 0.00 A-2 50,477,200.00 3.~~64283~~62339% 6,~~449~~193,~~939~~244.2318 1918,~~580~~700.0347 0.00 0.00 A-3 71,037,800.00 4.~~11823~~04546% 8,~~541~~131,~~052~~912.7918 2927,~~311~~414.6641 0.00 0.00 A-4 73,898,400.00 6.~~82112~~77299% 43,~~077~~615,~~031~~146.8065 2320,~~174~~404.9446 0.00 0.00 A-5 55,630,500.00 6.~~82986~~73843% 42,~~992~~604,~~136~~725.1277 2814,~~412~~626.9947 0.00 0.00 A-6 57,892,900.00 6.~~71527~~76839% 43,~~683~~568,~~000~~168.4768 2620,~~206~~125.3362 0.00 0.00 R-I 50.00 7.~~98152~~98206% 0.00 0.00 0.00 0.00 R-II 50.00 7.~~98152~~98206% 0.00 0.00 0.00 0.00 B-1 4,943,100.00 5.~~44707~~40874% 4,~~718~~708,~~031~~899.3012 21,~~416~~224.2233 0.00 0.00 B-2 2,197,400.00 5.~~44707~~40874% 2,~~097~~093,~~348~~288.2261 9,~~520~~435.3404 0.00 0.00 B-3 1,830,800.00 5.~~44707~~40874% 1,~~747~~744,~~440~~057.2188 7,~~932~~860.0396 0.00 0.00 B-4 1,464,800.00 5.~~44707~~40874% 1,~~398~~395,~~104~~398.8873 6,~~346~~289.3245 0.00 0.00 B-5 1,098,400.00 5.~~44707~~40874% 1,~~048~~046,~~387~~358.7752 4,~~758~~716.8723 0.00 0.00 B-6 1,281,973.98 5.~~44707~~40874% 1,~~038~~036,~~130~~120.2888 4,~~712~~670.3109 0.00 0.00 Totals 366,177,673.98 ~~224~~194,~~209~~923.1197 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 ~~877~~319.2762 0.00 4139,~~959~~136.8082 0.00 12,~~977~~742,~~574~~808.9565 A-2 ~~400~~151.9848 0.00 1918,~~179~~548.0599 0.00 65,~~193~~804,~~244~~070.1859 A-3 ~~600~~222.2807 0.00 2827,~~711~~192.3834 0.00 8,~~131~~112,~~912~~363.1850 A-4 ~~474~~165.6029 0.00 2220,~~700~~239.3317 0.00 3,~~615~~243,~~146~~914.6563 A-5 ~~581~~118.8748 0.00 2714,~~831~~507.1299 0.00 21,~~604~~866,~~725~~167.7790 A-6 ~~536~~163.6803 0.00 2519,~~669~~962.6559 0.00 3,~~568~~376,~~168~~465.6832 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 ~~438~~171.5993 0.00 2021,~~977~~052.6340 0.00 4,~~708~~699,~~899~~444.1227 B-2 ~~194~~76.9743 0.00 9,~~325~~358.3761 0.00 2,~~093~~089,~~288~~085.6156 B-3 ~~162~~63.4468 0.00 7,~~769~~797.5928 0.00 1,~~744~~740,~~057~~556.8804 B-4 ~~129~~50.9795 0.00 6,~~216~~238.3551 0.00 1,~~395~~392,~~398~~596.7395 B-5 9738.4620 0.00 4,~~661~~678.4103 0.00 1,~~046~~044,~~358~~257.5257 B-6 9637.5083 0.00 4,~~615~~632.8126 0.00 1,~~036~~034,~~120~~040.8849 Totals 41,~~591~~578.6199 0.00 ~~219~~193,~~617~~344.4999 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 A-1 44,424,300.00 3.~~69813~~64843% ~~312~~292.~~89504888~~12784332 0.~~96427113~~88817246 0.00000000 0.00000000 A-2 50,477,200.00 3.~~64283~~62339% ~~127~~122.~~77925935~~69389308 0.~~38789850~~37047360 0.00000000 0.00000000 A-3 71,037,800.00 4.~~11823~~04546% ~~120~~114.~~23250706~~47302957 0.~~41262060~~38591299 0.00000000 0.00000000 A-4 73,898,400.00 6.~~82112~~77299% 5548.~~17077230~~92049963 0.~~31360544~~27611504 0.00000000 0.00000000 A-5 55,630,500.00 6.~~82986~~73843% 8946.~~73739441~~82190112 0.~~51074483~~26292178 0.00000000 0.00000000 A-6 57,892,900.00 6.~~71527~~76839% 8061.~~89075638~~63395995 0.~~45266915~~34763537 0.00000000 0.00000000 R-I 50.00 7.~~98152~~98206% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.~~98152~~98206% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,943,100.00 5.~~44707~~40874% ~~954~~952.~~46810706~~62064696 4.~~33254840~~29372863 0.00000000 0.00000000 B-2 2,197,400.00 5.~~44707~~40874% ~~954~~952.~~46810776~~62064713 4.~~33254756~~29372895 0.00000000 0.00000000 B-3 1,830,800.00 5.~~44707~~40874% ~~954~~952.~~46810684~~62064671 4.~~33254861~~29372952 0.00000000 0.00000000 B-4 1,464,800.00 5.~~44707~~40874% ~~954~~952.~~46810486~~62065128 4.~~33255052~~29372611 0.00000000 0.00000000 B-5 1,098,400.00 5.~~44707~~40874% ~~954~~952.~~46810816~~62064822 4.~~33254734~~29372724 0.00000000 0.00000000 B-6 1,281,973.98 5.~~44707~~40874% ~~809~~808.~~79044520~~22301869 3.~~67582344~~64288985 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.~~01974753~~00719471 0.00000000 0.~~94452361~~88097775 0.00000000 ~~292~~286.~~12784332~~84320631 A-2 0.~~00794378~~00300096 0.00000000 0.~~37995471~~36747264 0.00000000 ~~122~~114.~~69389308~~98400446 A-3 0.~~00845015~~00312608 0.00000000 0.~~40417046~~38278691 0.00000000 114.~~47302957~~19784256 A-4 0.~~00642233~~00223672 0.00000000 0.~~30718297~~27387832 0.00000000 4843.~~92049963~~89695352 A-5 0.~~01045955~~00212977 0.00000000 0.~~50028528~~26079201 0.00000000 4633.~~82190112~~54576896 A-6 0.~~00927022~~00281606 0.00000000 0.~~44339893~~34481931 0.00000000 6158.~~63395995~~32261504 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~08872772~~03478182 0.00000000 4.~~24382068~~25894681 0.00000000 ~~952~~950.~~62064696~~70791002 B-2 0.~~08872759~~03478202 0.00000000 4.~~24381997~~25894694 0.00000000 ~~952~~950.~~62064713~~70790935 B-3 0.~~08872624~~03478261 0.00000000 4.~~24382237~~25894691 0.00000000 ~~952~~950.~~62064671~~70790911 B-4 0.~~08872884~~03478291 0.00000000 4.~~24382168~~25895003 0.00000000 ~~952~~950.~~62065128~~70791234 B-5 0.~~08872906~~03477786 0.00000000 4.~~24381828~~25894938 0.00000000 ~~952~~950.~~62064822~~70791151 B-6 0.~~07527454~~02950918 0.00000000 3.~~60054890~~61338067 0.00000000 ~~808~~806.~~22301869~~60021664 (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 52,~~829~~190,~~712~~110.7041 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2921,~~460~~636.8451 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 52,~~859~~211,~~173~~746.5492 Withdrawals Reimbursement for Servicer Advances 4229,~~113~~460.6184 Payment of Service Fee 2119,~~592~~816.0139 Payment of Interest and Principal 52,~~795~~162,~~467~~469.9269 Total Withdrawals (Pool Distribution Amount) 52,~~859~~211,~~173~~746.5492 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 01,579.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 41,~~591~~579.6200

SERVICING FEES Gross Servicing Fee 1715,~~265~~690.2271 Master Servicing Fee ~~911~~818.5259 PMI Policy Payment 3,~~415~~307.2709 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2119,~~592~~816.0139

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 21 0 0 21 ~~174~~55,~~765~~123.3913 0.00 0.00 ~~174~~55,~~765~~123.3913 30 Days 12 12 0 0 1314 1,~~396~~236,~~835~~366.9574 86205,~~842~~979.1285 0.00 0.00 1,~~483~~442,~~678~~346.0759 60 Days 83 0 0 0 83 1555,~~258,549~~124.7103 0.00 0.00 0.00 1555,~~258,549~~124.7103 90 Days 03 0 0 0 03 0187,615.0099 0.00 0.00 0.00 0187,615.0099 120 Days 0 0 10 0 10 0.00 0.00 ~~201,636~~0.6300 0.00 ~~201,636~~0.6300 150 Days 0 0 1 0 1 0.00 0.00 78201,~~517~~636.2963 0.00 78201,~~517~~636.2963 180+ Days 0 1 3 2 61 4 0.00 271,~~452~~115.3703 1731,~~035,870~~964.4028 ~~197~~56,~~499~~651.9289 1,~~504~~059,~~822~~731.6920 Totals 2018 4 53 21 3126 21,~~655~~979,~~385~~106.6676 ~~533~~532,~~059~~218.8801 1933,~~316,024~~600.3291 ~~197~~56,~~499~~651.9289 43,~~701~~501,~~969~~577.7857 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.~~619195~~319489% 0.000000% 0.000000% 0.~~619195~~319489% 0.~~354895~~116624% 0.000000% 0.000000% 0.~~354895~~116624% 30 Days 3.~~715170~~833866% 0.~~309598~~638978% 0.000000% 0.000000% 4.~~024768~~472843% 2.~~836546~~615772% 0.~~176350~~435790% 0.000000% 0.000000% 3.~~012896~~051562% 60 Days 20.~~476780~~958466% 0.000000% 0.000000% 0.000000% 20.~~476780~~958466% 21.~~555729~~174472% 0.000000% 0.000000% 0.000000% 21.~~555729~~174472% 90 Days 0.~~000000~~958466% 0.000000% 0.000000% 0.000000% 0.~~000000~~958466% 0.~~000000~~396938% 0.000000% 0.000000% 0.000000% 0.~~000000~~396938% 120 Days 0.000000% 0.000000% 0.~~309598~~000000% 0.000000% 0.~~309598~~000000% 0.000000% 0.000000% 0.~~409462~~000000% 0.000000% 0.~~409462~~000000% 150 Days 0.000000% 0.000000% 0.~~309598~~319489% 0.000000% 0.~~309598~~319489% 0.000000% 0.000000% 0.~~159445~~426601% 0.000000% 0.~~159445~~426601% 180+ Days 0.000000% 0.~~309598~~319489% 0.~~928793~~638978% 0.~~619195~~319489% 1.~~857585~~277955% 0.000000% 0.~~551237~~573596% 21.~~103536~~548611% 0.~~401062~~119858% 32.~~055834~~242065% Totals 65.~~191950~~750799% 1.~~238390~~277955% 10.~~547988~~958466% 0.~~619195~~319489% 98.~~597523~~306709% 54.~~392275~~187181% 1.~~082481~~126010% 21.~~672442~~975212% 0.~~401062~~119858% 97.~~548261~~408261%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 76 1 0 0 87 ~~522~~576,~~490~~588.7807 86,~~842~~660.1208 0.00 0.00 ~~609~~663,~~332~~248.9015 60 Days 51 0 0 0 51 ~~412~~60,~~364~~839.7283 0.00 0.00 0.00 ~~412~~60,~~364~~839.7283 90 Days 02 0 0 0 02 085,292.0050 0.00 0.00 0.00 085,292.0050 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 1 1 0.00 0.00 0.00 56,651.89 56,651.89 Totals 129 1 0 1 1411 ~~934~~722,~~855~~720.5040 86,~~842~~660.1208 0.00 56,651.89 1866,~~078,349~~032.5137 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 54.~~035971~~411765% 0.~~719424~~735294% 0.000000% 0.000000% 5.~~755396~~147059% 34.~~598280~~038829% 0.~~598063~~607028% 0.000000% 0.000000% 4.~~196343~~645857% 60 Days 30.~~597122~~735294% 0.000000% 0.000000% 0.000000% 30.~~597122~~735294% 20.~~839866~~426165% 0.000000% 0.000000% 0.000000% 20.~~839866~~426165% 90 Days 01.~~000000~~470588% 0.000000% 0.000000% 0.000000% 01.~~000000~~470588% 0.~~000000~~597449% 0.000000% 0.000000% 0.000000% 0.~~000000~~597449% 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.~~719424~~735294% 0.~~719424~~735294% 0.000000% 0.000000% 0.000000% 0.~~390149~~396830% 0.~~390149~~396830% Totals 86.~~633094~~617647% 0.~~719424~~735294% 0.000000% 0.~~719424~~735294% 108.~~071942~~088235% 65.~~438146~~062443% 0.~~598063~~607028% 0.000000% 0.~~390149~~396830% 76.~~426358~~066300% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 10 0 10 0.00 0.00 ~~201,636~~0.6300 0.00 ~~201,636~~0.6300 150 Days 0 0 01 0 01 0.00 0.00 0201,636.0063 0.00 0201,636.0063 180 Days 0 0 0 10 10 0.00 0.00 0.00 ~~140,848~~0.0300 ~~140,848~~0.0300 Totals 0 0 1 0 1 2 0.00 0.00 201,636.63 ~~140,848~~0.0300 ~~342~~201,~~484~~636.6663 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 10.~~562500~~000000% 0.000000% 10.~~562500~~000000% 0.000000% 0.000000% 20.~~536552~~000000% 0.000000% 20.~~536552~~000000% 150 Days 0.000000% 0.000000% 01.~~000000~~639344% 0.000000% 01.~~000000~~639344% 0.000000% 0.000000% 02.~~000000~~668793% 0.000000% 02.~~000000~~668793% 180 Days 0.000000% 0.000000% 0.000000% 10.~~562500~~000000% 10.~~562500~~000000% 0.000000% 0.000000% 0.000000% 10.~~771843~~000000% 10.~~771843~~000000% Totals 0.000000% 0.000000% 1.~~562500~~639344% 10.~~562500~~000000% 31.~~125000~~639344% 0.000000% 0.000000% 2.~~536552~~668793% 10.~~771843~~000000% 42.~~308395~~668793% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 21 0 0 21 ~~174~~55,~~765~~123.3913 0.00 0.00 ~~174~~55,~~765~~123.3913 30 Days 36 01 0 0 37 ~~244~~659,~~200~~778.0667 0119,319.0077 0.00 0.00 ~~244~~779,~~200~~098.0644 60 Days 2 0 0 0 2 ~~743~~494,~~861~~284.5020 0.00 0.00 0.00 ~~743~~494,~~861~~284.5020 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 10 0 10 0.00 0.00 ~~78,517~~0.2900 0.00 ~~78,517~~0.2900 180 Days 0 0 1 0 1 0.00 0.00 213,693.60 0.00 213,693.60 Totals 58 2 21 0 911 ~~988~~1,~~061~~154,062.5687 174,~~765~~442.3990 ~~292~~213,~~210~~693.8960 0.00 1,~~455~~542,~~037~~199.8437 0-29 Days 31.~~571429~~785714% 0.000000% 0.000000% 31.~~571429~~785714% 10.~~675401~~529724% 0.000000% 0.000000% 10.~~675401~~529724% 30 Days 510.~~357143~~714286% 01.~~000000~~785714% 0.000000% 0.000000% 512.~~357143~~500000% 26.~~341041~~340361% 01.~~000000~~146643% 0.000000% 0.000000% 27.~~341041~~487004% 60 Days 3.571429% 0.000000% 0.000000% 0.000000% 3.571429% 74.~~131081~~749987% 0.000000% 0.000000% 0.000000% 74.~~131081~~749987% 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% 10.~~785714~~000000% 0.000000% 10.~~785714~~000000% 0.000000% 0.000000% 0.~~752712~~000000% 0.000000% 0.~~752712~~000000% 180 Days 0.000000% 0.000000% 1.785714% 0.000000% 1.785714% 0.000000% 0.000000% 2.~~048589~~053559% 0.000000% 2.~~048589~~053559% Totals 814.~~928571~~285714% 3.571429% 31.~~571429~~785714% 0.000000% 1619.~~071429~~642857% 911.~~472122~~090349% 1.~~675401~~676367% 2.~~801300~~053559% 0.000000% 1314.~~948823~~820275% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 1 21 0 32 0.00 271,~~452~~115.3703 ~~822~~518,~~176~~270.8068 0.00 1789,~~093,629~~385.1771 Totals 0 1 21 0 32 0.00 271,~~452~~115.3703 ~~822~~518,~~176~~270.8068 0.00 1789,~~093,629~~385.1771 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 4.~~545455~~761905% 94.~~090909~~761905% 0.000000% 139.~~636364~~523810% 0.000000% 4.~~374793~~651591% 138.~~250405~~892104% 0.000000% 1713.~~625198~~543695% Totals 0.000000% 4.~~545455~~761905% 94.~~090909~~761905% 0.000000% 139.~~636364~~523810% 0.000000% 4.~~374793~~651591% 138.~~250405~~892104% 0.000000% 1713.~~625198~~543695% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~542,595~~0.3400 0.00 0.00 0.00 ~~542,595~~0.3400 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~542,595~~0.3400 0.00 0.00 0.00 ~~542,595~~0.3400 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 70.~~142857~~000000% 0.000000% 0.000000% 0.000000% 70.~~142857~~000000% 110.~~908276~~000000% 0.000000% 0.000000% 0.000000% 110.~~908276~~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 70.~~142857~~000000% 0.000000% 0.000000% 0.000000% 70.~~142857~~000000% 110.~~908276~~000000% 0.000000% 0.000000% 0.000000% 110.~~908276~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~87,549~~0.7700 0.00 0.00 0.00 ~~87,549~~0.7700 60 Days 10 0 0 0 10 ~~102,323~~0.4900 0.00 0.00 0.00 ~~102,323~~0.4900 90 Days 01 0 0 0 01 0102,323.0049 0.00 0.00 0.00 0102,323.0049 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 21 0 0 0 21 ~~189~~102,~~873~~323.2649 0.00 0.00 0.00 ~~189~~102,~~873~~323.2649 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 10.~~568483~~000000% 0.000000% 0.000000% 0.000000% 10.~~568483~~000000% 60 Days 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 10.~~833159~~000000% 0.000000% 0.000000% 0.000000% 10.~~833159~~000000% 90 Days 03.~~000000~~703704% 0.000000% 0.000000% 0.000000% 03.~~000000~~703704% 01.~~000000~~899828% 0.000000% 0.000000% 0.000000% 01.~~000000~~899828% 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 73.~~142857~~703704% 0.000000% 0.000000% 0.000000% 73.~~142857~~703704% 31.~~401642~~899828% 0.000000% 0.000000% 0.000000% 31.~~401642~~899828%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2921,~~460~~636.8451

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~393258~~246645% Weighted Average Net Coupon 54.~~014432~~863282% Weighted Average Pass-Through Rate 4.~~919497~~762481% Weighted Average Maturity(Stepdown Calculation ) ~~295~~294 Beginning Scheduled Collateral Loan Count ~~345~~323 Number Of Loans Paid In Full 2210 Ending Scheduled Collateral Loan Count ~~323~~313 Beginning Scheduled Collateral Balance 5449,~~690~~114,~~746~~896.5816 Ending Scheduled Collateral Balance 4947,~~114~~145,~~896~~771.1646 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 4947,~~244~~265,~~254~~848.7568 Monthly P &I Constant ~~368~~330,~~729~~748.0566 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 176,495.72 Ending Scheduled Balance for Premium Loans 4947,~~114~~145,~~896~~771.1646 Scheduled Principal ~~122~~115,~~927~~945.9831 Unscheduled Principal 51,~~452~~853,~~922~~179.4439

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~185485~~142149 4.~~537831~~518394 4.~~490186~~418938 Weighted Average Net Rate 3.~~718126~~668425 4.~~162831~~143396 4.~~138223~~065460 Weighted Average Maturity ~~227~~226 ~~310~~309 ~~289~~288 Beginning Loan Count ~~144~~139 6664 5856 Loans Paid In Full 53 23 20 Ending Loan Count ~~139~~136 6461 56 Beginning Scheduled Balance 1514,~~392~~464,~~081~~253.7454 87,~~196~~936,~~670~~967.3349 10,~~815~~401,415.9080 Ending scheduled Balance 14,~~464~~224,~~253~~107.54 7,~~936~~544,~~967~~764.4960 10,~~401~~376,~~415~~915.8099 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant ~~107~~102,~~948~~330.9597 4543,~~110~~673.2183 6360,~~577~~994.9931 Scheduled Principal 5452,~~262~~340.8439 1413,~~114~~788.2954 2322,~~108~~691.63 Unscheduled Principal ~~873~~187,~~565~~805.3661 ~~245~~378,~~588~~414.5535 ~~390~~1,~~891~~808.4718 Scheduled Interest 5349,~~686~~927.1158 3029,~~995~~885.9229 4038,~~469~~302.3668 Servicing Fees 5,~~994~~710.7006 2,~~561~~480.4629 3,~~172~~063.1990 Master Servicing Fees ~~256~~241.5108 ~~136~~132.6328 ~~180~~173.2634 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 3,~~415~~307.2709 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 4743,~~434~~976.9044 2423,~~882~~965.5663 3735,~~116~~065.9144 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 (11,658.20) 186,807.01 Percentage of Cumulative Losses 0.000000 (~~11,658~~0.200223) ~~186,807~~0.012538 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.~~698126~~648424 3.~~642831~~623394 4.~~118226~~045456

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~165441~~118383 7.~~167861~~054826 7.~~075841~~140314 Weighted Average Net Rate 6.~~841118~~792991 6.~~849861~~758428 6.~~735265~~788384 Weighted Average Maturity ~~324~~323 ~~313~~312 ~~285~~284 Beginning Loan Count 23 22 3214 28 Loans Paid In Full 1 82 41 Ending Loan Count 2221 1412 2827 Beginning Scheduled Balance 6,~~653~~187,~~516~~492.2562 64,~~942~~552,~~620~~651.5483 65,~~690~~572,~~441~~114.8288 Ending scheduled Balance 65,~~187~~812,~~492~~007.6213 43,~~552~~811,~~651~~248.8349 5,~~572~~376,~~114~~727.8871 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant 5046,~~416~~935.7038 5033,~~576~~415.1052 5143,~~099~~398.1065 Scheduled Principal 10,~~687~~231.2226 96,~~106~~650.3238 1110,~~648~~243.6811 Unscheduled Principal ~~455~~365,~~336~~254.4123 2734,~~380,862~~752.3996 1185,~~106,678~~144.2606 Scheduled Interest 3936,~~729~~704.4812 4126,~~469~~765.7814 3933,~~450~~155.4254 Servicing Fees 1,~~798~~677.2480 1,~~839~~124.7950 1,~~898~~634.8416 Master Servicing Fees ~~110~~103.8914 ~~115~~75.7288 ~~111~~92.5187 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 3734,~~820~~923.3518 3925,~~514~~564.2776 3731,~~440~~428.0751 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 1,346.91 0.00 Percentage of Cumulative Losses 0.000000 ~~1,346~~0.910023 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~821120~~772989 6.~~829860~~738430 6.~~715267~~768386

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~393258~~246645 Weighted Average Net Rate 54.~~014432~~863282 Weighted Average Maturity ~~295~~294.00 Record Date 0910/3031/2003 Principal And Interest Constant ~~368~~330,~~729~~748.0566 Beginning Loan Count ~~345~~323 Loans Paid In Full 2210 Ending Loan Count ~~323~~313 Beginning Scheduled Balance 5449,~~690~~114,~~746~~896.5816 Ending Scheduled Balance 4947,~~114~~145,~~896~~771.1646 Scheduled Principal ~~122~~115,~~927~~945.9831 Unscheduled Principal 51,~~452~~853,~~922~~179.4439 Scheduled Interest ~~245~~214,~~801~~740.0735 Servicing Fee 1715,~~265~~690.2271 Master Servicing Fee ~~911~~818.5259 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,~~415~~307.2709 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest ~~224~~194,~~209~~923.0696 Realized Loss Amount 0.00 Cumulative Realized Loss 176,495.72 Percentage of Cumulative Losses 0.000482 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.~~919497~~762481

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS-THROUGH CERT SER 2001-1