8-K 1 bst02010.txt DECEMBER 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): December 26, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-12 90-0082688 Pooling and Servicing Agreement) (Commission 90-0072852 (State or other File Number) 90-0082673 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-10 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-10 Trust, relating to the December 26, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 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: 12/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-10 Trust, relating to the December 26, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/03 Distribution Date: 1112/2526/03 BST Series: 2002-10 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 07384MQE5 SEN 4.~~75892~~75995% 5852,~~703~~697,~~012~~499.7281 ~~232~~209,~~612~~031.7403 63,~~005~~545,~~512~~638.9238 II-A-1 07384MQF2 SEN 5.~~29249~~29764% 11,~~804~~041,~~304~~936.4329 5248,~~019~~746.4383 ~~762~~437,~~368~~288.1466 II-A-2 07384MQV7 SEN 4.~~51649~~52164% 6460,~~509~~343,~~437~~165.7097 ~~242~~227,~~599~~375.2801 42,~~166~~389,~~271~~742.7328 II-X 07384MQH8 SEN 0.77600% 0.00 4139,~~682~~021.1491 0.00 III-A 07384MQG0 SEN 5.~~33673~~33436% 5249,~~774~~350,~~319~~860.6441 ~~234~~219,~~510~~379.6242 31,~~423~~461,~~459~~254.2305 R-I 07384MQJ4 RES 4.~~74135~~74774% 0.00 0.00 0.00 R-II 07384MQK1 RES 4.~~74135~~74774% 0.00 0.00 0.00 R-III 07384MQW5 RES 4.~~74135~~74774% 0.00 0.00 0.00 B-1 07384MQL9 SUB 5.~~06921~~07326% 6,~~281~~034,~~475~~824.9662 2625,513.4751 ~~246~~144,~~651~~613.3433 B-2 07384MQM7 SUB 5.~~06921~~07326% 3,~~865~~713,~~552~~765.5194 1615,~~316~~700.1074 ~~151~~88,~~786~~993.5748 B-3 07384MQN5 SUB 5.~~06921~~07326% 2,~~657~~553,~~403~~056.3048 1110,~~216~~793.6359 ~~104~~61,~~346~~179.8324 B-4 07384MQP0 SUB 5.~~06921~~07326% ~~966~~928,~~388~~441.1348 43,~~079~~925.0318 3722,~~946~~248.6437 B-5 07384MQR6 SUB 5.~~06921~~07326% ~~966~~928,~~388~~441.1348 43,~~079~~925.0318 3722,~~946~~248.6437 B-6 07384MQT2 SUB 5.~~06921~~07326% ~~966~~928,~~523~~571.4651 43,~~079~~925.6073 3722,~~951~~251.9649 Totals ~~203~~188,~~494~~520,~~805~~563.9899 ~~869~~807,~~708~~338.0713 148,~~974~~195,~~242~~457.0065

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 5249,~~697~~151,~~499~~861.8143 63,~~238~~754,~~125~~669.6641 0.00 II-A-1 0.00 1110,~~041~~604,~~936~~647.2963 ~~814~~486,~~387~~035.5749 0.00 II-A-2 0.00 6057,~~343~~953,~~165~~423.9769 42,~~408~~617,~~871~~117.0129 0.00 II-X 0.00 0.00 4139,~~682~~021.1491 0.00 III-A 0.00 4947,~~350~~889,~~860~~606.4136 31,~~657~~680,~~969~~633.8547 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 B-1 0.00 65,~~034~~890,~~824~~211.6229 ~~273~~170,~~164~~126.8184 0.00 B-2 0.00 3,~~713~~624,~~765~~772.9445 ~~168~~104,~~102~~694.6722 0.00 B-3 0.00 2,~~553~~491,~~056~~877.4823 ~~115~~71,~~563~~972.4683 0.00 B-4 0.00 ~~928~~906,~~441~~193.4811 4226,~~025~~173.6755 0.00 B-5 0.00 ~~928~~906,~~441~~193.4811 4226,~~025~~173.6755 0.00 B-6 0.00 ~~928~~906,~~571~~320.5102 4226,~~031~~177.5622 0.00 Totals 0.00 ~~188~~180,~~520~~325,~~563~~106.9932 159,~~843~~002,~~950~~795.0778 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 222,134,800.00 5852,~~703~~697,~~012~~499.7281 7769,~~057~~940.3022 53,~~928~~475,~~455~~698.6116 0.00 0.00 II-A-1 25,000,000.00 11,~~804~~041,~~304~~936.4329 1110,~~320~~767.6709 ~~751~~426,~~047~~521.4757 0.00 0.00 II-A-2 136,622,700.00 6460,~~509~~343,~~437~~165.7097 6158,~~866~~841.4213 42,~~104~~330,~~405~~901.3015 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 114,934,600.00 5249,~~774~~350,~~319~~860.6441 2524,~~713~~616.2114 31,~~397~~436,~~746~~637.0291 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 100.00 0.00 0.00 0.00 0.00 0.00 B-1 6,700,800.00 6,~~281~~034,~~475~~824.9662 6,~~306~~130.1638 ~~240~~138,~~345~~482.1896 0.00 0.00 B-2 4,123,600.00 3,~~865~~713,~~552~~765.5194 3,~~880~~772.7457 ~~147~~85,~~905~~220.8392 0.00 0.00 B-3 2,834,800.00 2,~~657~~553,~~403~~056.3048 2,~~667~~593.8548 ~~101~~58,~~678~~585.9876 0.00 0.00 B-4 1,030,900.00 ~~966~~928,~~388~~441.1348 ~~970~~943.1914 3621,~~976~~305.4623 0.00 0.00 B-5 1,030,900.00 ~~966~~928,~~388~~441.1348 ~~970~~943.1914 3621,~~976~~305.4623 0.00 0.00 B-6 1,031,044.46 ~~966~~928,~~523~~571.4651 ~~970~~943.3227 3621,~~981~~308.6421 0.00 0.00 Totals 515,444,344.46 ~~203~~188,~~494~~520,~~805~~563.9899 ~~191~~179,~~723~~490.0556 148,~~782~~015,~~518~~967.9510 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 63,~~005~~545,~~512~~638.9238 5249,~~697~~151,~~499~~861.8143 0.~~23723208~~22127042 63,~~005~~545,~~512~~638.9238 II-A-1 ~~762~~437,~~368~~288.1466 1110,~~041~~604,~~936~~647.2963 0.~~44167745~~42418591 ~~762~~437,~~368~~288.1466 II-A-2 42,~~166~~389,~~271~~742.7328 6057,~~343~~953,~~165~~423.9769 0.~~44167745~~42418591 42,~~166~~389,~~271~~742.7328 II-X 0.00 0.00 0.00000000 0.00 III-A 31,~~423~~461,~~459~~254.2305 4947,~~350~~889,~~860~~606.4136 0.~~42938210~~41666832 31,~~423~~461,~~459~~254.2305 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 B-1 ~~246~~144,~~651~~613.3433 65,~~034~~890,~~824~~211.6229 0.~~90061256~~87903105 ~~246~~144,~~651~~613.3433 B-2 ~~151~~88,~~786~~993.5748 3,~~713~~624,~~765~~772.9445 0.~~90061256~~87903105 ~~151~~88,~~786~~993.5748 B-3 ~~104~~61,~~346~~179.8324 2,~~553~~491,~~056~~877.4823 0.~~90061256~~87903105 ~~104~~61,~~346~~179.8324 B-4 3722,~~946~~248.6437 ~~928~~906,~~441~~193.4811 0.~~90061255~~87903105 3722,~~946~~248.6437 B-5 3722,~~946~~248.6437 ~~928~~906,~~441~~193.4811 0.~~90061255~~87903105 3722,~~946~~248.6437 B-6 3722,~~951~~251.9649 ~~928~~906,~~571~~320.5102 0.~~90061248~~87903098 3722,~~951~~251.9649 Totals 148,~~974~~195,~~242~~457.0065 ~~188~~180,~~520~~325,~~563~~106.9932 0.~~36574378~~34984399 148,~~974~~195,~~242~~457.0065

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 222,134,800.00 ~~264~~237.~~26752008~~23207624 0.~~34689432~~31485485 2615.~~68854952~~64679717 0.00000000 II-A-1 25,000,000.00 ~~472~~441.~~17217720~~67745160 0.~~45282680~~43068360 3017.~~04189880~~06086280 0.00000000 II-A-2 136,622,700.00 ~~472~~441.~~17217710~~67745162 0.~~45282680~~43068341 3017.~~04189860~~06086287 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 114,934,600.00 ~~459~~429.~~16825429~~38210434 0.~~22372036~~21417519 2912.~~56242959~~49961204 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 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 ~~937~~900.~~42179441~~61255671 0.~~94110554~~91487285 3520.~~86813216~~66663085 0.00000000 B-2 4,123,600.00 ~~937~~900.~~42179406~~61255699 0.~~94110486~~91487293 3520.~~86813221~~66663110 0.00000000 B-3 2,834,800.00 ~~937~~900.~~42179342~~61255821 0.~~94110696~~91487230 3520.~~86813179~~66662904 0.00000000 B-4 1,030,900.00 ~~937~~900.~~42179649~~61255214 0.~~94110971~~91487050 3520.~~86813464~~66663110 0.00000000 B-5 1,030,900.00 ~~937~~900.~~42179649~~61255214 0.~~94110971~~91487050 3520.~~86813464~~66663110 0.00000000 B-6 1,031,044.46 ~~937~~900.~~42170924~~61248183 0.~~94110394~~91486840 3520.~~86813317~~66662576 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 I-A 0.00000000 2715.~~03544388~~96165202 ~~237~~221.~~23207624~~27042422 0.~~23723208~~22127042 2715.~~03544388~~96165202 II-A-1 0.00000000 3017.~~49472560~~49154640 ~~441~~424.~~67745160~~18590520 0.~~44167745~~42418591 3017.~~49472560~~49154640 II-A-2 0.00000000 3017.~~49472547~~49154628 ~~441~~424.~~67745162~~18590534 0.~~44167745~~42418591 3017.~~49472547~~49154628 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 2912.~~78614995~~71378723 ~~429~~416.~~38210434~~66831711 0.~~42938210~~41666832 2912.~~78614995~~71378723 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 B-1 0.00000000 3621.~~80923770~~58150221 ~~900~~879.~~61255671~~03105450 0.~~90061256~~87903105 3621.~~80923770~~58150221 B-2 0.00000000 3621.~~80923707~~58150160 ~~900~~879.~~61255699~~03105296 0.~~90061256~~87903105 3621.~~80923707~~58150160 B-3 0.00000000 3621.~~80923875~~58150134 ~~900~~879.~~61255821~~03105334 0.~~90061256~~87903105 3621.~~80923875~~58150134 B-4 0.00000000 3621.~~80923465~~58150160 ~~900~~879.~~61255214~~03105054 0.~~90061255~~87903105 3621.~~80923465~~58150160 B-5 0.00000000 3621.~~80923465~~58150160 ~~900~~879.~~61255214~~03105054 0.~~90061255~~87903105 3621.~~80923465~~58150160 B-6 0.00000000 3621.~~80923711~~58150387 ~~900~~879.~~61248183~~03097797 0.~~90061248~~87903098 3621.~~80923711~~58150387 (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 I-A 222,134,800.00 4.~~75892~~75995% 5852,~~703~~697,~~012~~499.7281 ~~232~~209,~~802~~031.2704 0.00 0.00 II-A-1 25,000,000.00 5.~~29249~~29764% 11,~~804~~041,~~304~~936.4329 5248,~~061~~746.8283 0.00 0.00 II-A-2 136,622,700.00 4.~~51649~~52164% 6460,~~509~~343,~~437~~165.7097 ~~242~~227,~~796~~375.9501 0.00 0.00 II-X 0.00 0.77600% 6460,~~509~~343,~~437~~165.7097 4139,~~716~~021.1091 0.00 0.00 III-A 114,934,600.00 5.~~33673~~33436% 5249,~~774~~350,~~319~~860.6441 ~~234~~219,~~701~~379.7043 0.00 0.00 R-I 50.00 4.~~74135~~74774% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~74135~~74774% 0.00 0.00 0.00 0.00 R-III 100.00 4.~~74135~~74774% 0.00 0.00 0.00 0.00 B-1 6,700,800.00 5.~~06921~~07326% 6,~~281~~034,~~475~~824.9662 2625,~~535~~513.0751 0.00 0.00 B-2 4,123,600.00 5.~~06921~~07326% 3,~~865~~713,~~552~~765.5194 1615,~~329~~700.4074 0.00 0.00 B-3 2,834,800.00 5.~~06921~~07326% 2,~~657~~553,~~403~~056.3048 1110,~~225~~793.7759 0.00 0.00 B-4 1,030,900.00 5.~~06921~~07326% ~~966~~928,~~388~~441.1348 43,~~082~~925.3518 0.00 0.00 B-5 1,030,900.00 5.~~06921~~07326% ~~966~~928,~~388~~441.1348 43,~~082~~925.3518 0.00 0.00 B-6 1,031,044.46 5.~~06921~~07326% ~~966~~928,~~523~~571.4651 43,~~082~~925.9273 0.00 0.00 Totals 515,444,344.46 ~~870~~807,~~416~~338.7015 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 ~~189~~0.5300 0.00 ~~232~~209,~~612~~031.7403 0.00 5249,~~697~~151,~~499~~861.8143 II-A-1 420.3800 0.00 5248,~~019~~746.4383 0.00 1110,~~041~~604,~~936~~647.2963 II-A-2 ~~197~~0.6700 0.00 ~~242~~227,~~599~~375.2801 0.00 6057,~~343~~953,~~165~~423.9769 II-X 330.9600 0.00 4139,~~682~~021.1491 0.00 6057,~~343~~953,~~165~~423.9769 III-A ~~191~~0.0800 0.00 ~~234~~219,~~510~~379.6242 0.00 4947,~~350~~889,~~860~~606.4136 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 B-1 210.6000 0.00 2625,513.4751 0.00 65,~~034~~890,~~824~~211.6229 B-2 130.2900 0.00 1615,~~316~~700.1074 0.00 3,~~713~~624,~~765~~772.9445 B-3 90.1400 0.00 1110,~~216~~793.6359 0.00 2,~~553~~491,~~056~~877.4823 B-4 30.3200 0.00 43,~~079~~925.0318 0.00 ~~928~~906,~~441~~193.4811 B-5 30.3200 0.00 43,~~079~~925.0318 0.00 ~~928~~906,~~441~~193.4811 B-6 30.3200 0.00 43,~~079~~925.6073 0.00 ~~928~~906,~~571~~320.5102 Totals ~~708~~0.6100 0.00 ~~869~~807,~~708~~338.0713 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 I-A 222,134,800.00 4.~~75892~~75995% ~~264~~237.~~26752008~~23207624 10.~~04802251~~94100987 0.00000000 0.00000000 II-A-1 25,000,000.00 5.~~29249~~29764% ~~472~~441.~~17217720~~67745160 21.~~08247280~~94987320 0.00000000 0.00000000 II-A-2 136,622,700.00 4.~~51649~~52164% ~~472~~441.~~17217710~~67745162 1.~~77713477~~66425499 0.00000000 0.00000000 II-X 0.00 0.77600% ~~472~~441.~~17217710~~67745162 0.~~30533799~~28561806 0.00000000 0.00000000 III-A 114,934,600.00 5.~~33673~~33436% ~~459~~429.~~16825429~~38210434 21.~~04204565~~90873271 0.00000000 0.00000000 R-I 50.00 4.~~74135~~74774% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~74135~~74774% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 100.00 4.~~74135~~74774% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 5.~~06921~~07326% ~~937~~900.~~42179441~~61255671 3.~~95998537~~80753194 0.00000000 0.00000000 B-2 4,123,600.00 5.~~06921~~07326% ~~937~~900.~~42179406~~61255699 3.~~95998642~~80753225 0.00000000 0.00000000 B-3 2,834,800.00 5.~~06921~~07326% ~~937~~900.~~42179342~~61255821 3.~~95998660~~80753140 0.00000000 0.00000000 B-4 1,030,900.00 5.~~06921~~07326% ~~937~~900.~~42179649~~61255214 3.~~95998642~~80752740 0.00000000 0.00000000 B-5 1,030,900.00 5.~~06921~~07326% ~~937~~900.~~42179649~~61255214 3.~~95998642~~80752740 0.00000000 0.00000000 B-6 1,031,044.46 5.~~06921~~07326% ~~937~~900.~~42170924~~61248183 3.~~95998442~~80752737 0.00000000 0.00000000 2) 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 I-A 0.~~00085322~~00000000 0.00000000 10.~~04716929~~94100983 0.00000000 ~~237~~221.~~23207624~~27042422 II-A-1 0.~~00169520~~00000000 0.00000000 21.~~08077720~~94987320 0.00000000 ~~441~~424.~~67745160~~18590520 II-A-2 0.~~00144683~~00000000 0.00000000 1.~~77568793~~66425499 0.00000000 ~~441~~424.~~67745162~~18590534 II-X 0.~~00024857~~00000000 0.00000000 0.~~30508942~~28561806 0.00000000 ~~441~~424.~~67745162~~18590534 III-A 0.~~00166251~~00000000 0.00000000 21.~~04038314~~90873262 0.00000000 ~~429~~416.~~38210434~~66831711 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 B-1 0.~~00322350~~00000000 0.00000000 3.~~95676188~~80753194 0.00000000 ~~900~~879.~~61255671~~03105450 B-2 0.~~00322291~~00000000 0.00000000 3.~~95676108~~80753225 0.00000000 ~~900~~879.~~61255699~~03105296 B-3 0.~~00322421~~00000000 0.00000000 3.~~95676238~~80753140 0.00000000 ~~900~~879.~~61255821~~03105334 B-4 0.~~00322049~~00000000 0.00000000 3.~~95676593~~80752740 0.00000000 ~~900~~879.~~61255214~~03105054 B-5 0.~~00322049~~00000000 0.00000000 3.~~95676593~~80752740 0.00000000 ~~900~~879.~~61255214~~03105054 B-6 0.~~00322004~~00000000 0.00000000 3.~~95676439~~80752737 0.00000000 ~~900~~879.~~61248183~~03097797 (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 159,~~893~~050,~~124~~059.8545 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1923,~~295~~454.1552 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 159,~~912~~073,~~420~~513.0097 Withdrawals Reimbursement for Servicer Advances 1319,~~593~~295.7515 Payment of Service Fee 5451,~~876~~423.1804 Payment of Interest and Principal 159,~~843~~002,~~950~~795.0778 Total Withdrawals (Pool Distribution Amount) 159,~~912~~073,~~420~~513.0097 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~708~~0.6200 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~708~~0.6100

SERVICING FEES Gross Servicing Fee 5349,~~703~~651.9274 Miscellaneous Fee 699.61 Special Servicing fee 1,~~172~~071.2669 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5451,~~876~~423.1804

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 46 0 0 0 46 23,~~674~~369,~~373~~629.0287 0.00 0.00 0.00 23,~~674~~369,~~373~~629.0287 60 Days 1 0 0 0 1 ~~422~~535,~~456~~968.3467 0.00 0.00 0.00 ~~422~~535,~~456~~968.3467 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 0 0 1 0.00 323,204.99 0.00 0.00 323,204.99 Totals 57 1 0 0 68 3,~~096~~905,~~829~~598.3654 323,204.99 0.00 0.00 34,~~420~~228,~~034~~803.3553 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 01.~~843882~~324503% 0.000000% 0.000000% 0.000000% 01.~~843882~~324503% 1.~~417470~~867080% 0.000000% 0.000000% 0.000000% 1.~~417470~~867080% 60 Days 0.~~210970~~220751% 0.000000% 0.000000% 0.000000% 0.~~210970~~220751% 0.~~223910~~296975% 0.000000% 0.000000% 0.000000% 0.~~223910~~296975% 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.~~210970~~220751% 0.000000% 0.000000% 0.~~210970~~220751% 0.000000% 0.~~171305~~179085% 0.000000% 0.000000% 0.~~171305~~179085% Totals 1.~~054852~~545254% 0.~~210970~~220751% 0.000000% 0.000000% 1.~~265823~~766004% 12.~~641380~~164055% 0.~~171305~~179085% 0.000000% 0.000000% 12.~~812685~~343140%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 1,~~521~~362,~~512~~140.1620 0.00 0.00 0.00 1,~~521~~362,~~512~~140.1620 60 Days 01 0 0 0 01 0535,968.0067 0.00 0.00 0.00 0535,968.0067 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 23 0 0 0 23 1,~~521~~898,~~512~~108.1687 0.00 0.00 0.00 1,~~521~~898,~~512~~108.1687 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~639344~~754386% 0.000000% 0.000000% 0.000000% 1.~~639344~~754386% 2.~~565634~~452196% 0.000000% 0.000000% 0.000000% 2.~~565634~~452196% 60 Days 0.~~000000~~877193% 0.000000% 0.000000% 0.000000% 0.~~000000~~877193% 0.~~000000~~964879% 0.000000% 0.000000% 0.000000% 0.~~000000~~964879% 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 12.~~639344~~631579% 0.000000% 0.000000% 0.000000% 12.~~639344~~631579% 23.~~565634~~417074% 0.000000% 0.000000% 0.000000% 23.~~565634~~417074% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 1,~~152~~187,~~860~~600.8645 0.00 0.00 0.00 1,~~152~~187,~~860~~600.8645 60 Days 10 0 0 0 10 ~~422,456~~0.3400 0.00 0.00 0.00 ~~422,456~~0.3400 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 0 0 1 0.00 323,204.99 0.00 0.00 323,204.99 Totals 32 1 0 0 43 1,~~575~~187,~~317~~600.2045 323,204.99 0.00 0.00 1,~~898~~510,~~522~~805.1944 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~015228~~058201% 0.000000% 0.000000% 0.000000% 1.~~015228~~058201% 1.~~507868~~615205% 0.000000% 0.000000% 0.000000% 1.~~507868~~615205% 60 Days 0.~~507614~~000000% 0.000000% 0.000000% 0.000000% 0.~~507614~~000000% 0.~~552546~~000000% 0.000000% 0.000000% 0.000000% 0.~~552546~~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.~~507614~~529101% 0.000000% 0.000000% 0.~~507614~~529101% 0.000000% 0.~~422731~~439578% 0.000000% 0.000000% 0.~~422731~~439578% Totals 1.~~522843~~058201% 0.~~507614~~529101% 0.000000% 0.000000% 21.~~030457~~587302% 21.~~060414~~615205% 0.~~422731~~439578% 0.000000% 0.000000% 2.~~483146~~054783% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 0819,889.0022 0.00 0.00 0.00 0819,889.0022 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 02 0 0 0 02 0819,889.0022 0.00 0.00 0.00 0819,889.0022 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~333333% 0.000000% 0.000000% 0.000000% 01.~~000000~~333333% 01.~~000000~~595057% 0.000000% 0.000000% 0.000000% 01.~~000000~~595057% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~000000~~333333% 0.000000% 0.000000% 0.000000% 01.~~000000~~333333% 01.~~000000~~595057% 0.000000% 0.000000% 0.000000% 01.~~000000~~595057%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1923,~~295~~454.1552

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 293,309,544.46 56.90421238% ~~135~~131,~~823~~173,~~064~~244.1889 72.~~04681617~~74264109% 27.~~953184~~257359% 0.000000% Class 2A1 268,309,544.46 52.05402821% ~~124~~120,~~781~~568,~~127~~597.8926 66.~~18966401~~86179186% 5.~~857152~~880849% 7372.~~187923~~015206% Class 2A2 131,686,844.46 25.54821794% 6462,~~437~~615,~~961~~173.9257 34.~~18086630~~72349183% 32.~~008798~~138300% ~~399~~393.~~965268~~556478% Class 3A 16,752,244.46 3.25005884% 1514,~~087~~725,~~101~~567.5121 8.~~00289432~~16612146% 26.~~177972~~557370% ~~327~~325.~~106306~~214001% Class B-1 10,051,444.46 1.95005427% 98,~~052~~835,~~276~~355.8992 4.~~80174507~~89968153% 3.~~201149~~266440% 39.999894% Class B-2 5,927,844.46 1.15004549% 5,~~338~~210,~~510~~583.9547 2.~~83179237~~88954965% 12.~~969953~~010132% 24.615503% Class B-3 3,093,044.46 0.60007341% 2,~~785~~718,~~454~~706.4724 1.~~47753349~~50766928% 1.~~354259~~381880% 16.922114% Class B-4 2,062,144.46 0.40007122% 1,~~857~~812,~~012~~513.9913 01.~~98504532~~00513632% 0.~~492488~~502533% 6.153876% Class B-5 1,031,244.46 0.20006902% ~~928~~906,~~571~~320.5102 0.~~49255715~~50260335% 0.~~492488~~502533% 6.153876% Class B-6 200.00 0.00003880% 0.00 0.00000000% 0.~~492557~~502603% 6.154738% Class R-I 150.00 0.00002910% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 100.00 0.00001940% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~460541~~466318% Weighted Average Net Coupon 5.~~143851~~150267% Weighted Average Pass-Through Rate 5.~~132809~~138993% Weighted Average Maturity(Stepdown Calculation ) ~~346~~345 Beginning Scheduled Collateral Loan Count ~~509~~474 Number Of Loans Paid In Full 3521 Ending Scheduled Collateral Loan Count ~~474~~453 Beginning Scheduled Collateral Balance ~~203~~188,~~494~~520,~~805~~563.9899 Ending Scheduled Collateral Balance ~~188~~180,~~520~~325,~~563~~106.9933 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2003 ~~188~~180,~~672~~475,~~331~~925.1922 Monthly P &I Constant 1,~~117~~038,~~894~~251.6274 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 158,~~161~~577,~~690~~477.8558 Ending Scheduled Balance for Premium Loans ~~188~~180,~~520~~325,~~563~~106.9933 Scheduled Principal ~~191~~179,~~723~~490.0556 Unscheduled Principal 148,~~782~~015,~~518~~967.9410

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 8988.~~516465~~962834% Senior Percentage Group 2 93.~~654811~~446553% Senior Percentage Group 3 93.~~517016~~301816% Senior Prep. Percentage Group 1 94.~~758233~~481417% Senior Prep. Percentage Group 2 96.~~827405~~723276% Senior Prep. Percentage Group 3 96.~~758508~~650908% Subordinate Percentage Group 1 1011.~~483535~~037166% Subordinate Percentage Group 2 6.~~345189~~553447% Subordinate Percentage Group 3 6.~~482984~~698184% Subordinate Prep. Percentage Group 1 5.~~241767~~518583% Subordinate Prep. Percentage Group 2 3.~~172595~~276724% Subordinate Prep. Percentage Group 3 3.~~241492~~349092%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~115831~~116632 5.~~570916~~576545 5.~~701739~~698736 Weighted Average Net Rate 4.~~758916~~759946 5.~~313098~~318034 5.~~346787~~345091 Weighted Average Maturity ~~345~~344 ~~347~~ 346 345 Beginning Loan Count ~~134~~122 ~~210~~197 ~~165~~155 Loans Paid In Full 128 138 105 Ending Loan Count ~~122~~114 ~~197~~189 ~~155~~150 Beginning Scheduled Balance 6559,~~577~~235,~~893~~410.9863 8176,~~484~~391,~~059~~370.6617 5652,~~432~~893,~~852~~783.3419 Ending scheduled Balance 5955,~~235~~478,~~410~~082.6341 7673,~~391~~466,~~370~~043.1754 5251,~~893~~380,~~783~~980.1938 Record Date 1011/3130/2003 1011/3130/2003 1011/3130/2003 Principal And Interest Constant ~~365~~331,~~652~~188.9085 ~~456~~429,~~608~~489.1579 ~~295~~277,~~633~~573.5710 Scheduled Principal 8678,~~081~~617.7135 7874,~~145~~489.5887 2726,~~495~~383.7634 Unscheduled Principal 63,~~256~~678,~~401~~710.6487 52,~~014~~850,~~543~~836.9176 31,~~511~~486,~~573~~419.3947 Scheduled Interest ~~279~~252,571.1950 ~~378~~354,~~284~~999.0792 ~~268~~251,~~137~~189.8176 Servicing Fees 1917,~~504~~607.7605 1716,~~506~~456.7267 1615,~~692~~588.4402 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 1,~~399~~298.2634 ~~473~~472.1996 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 ~~260~~234,~~066~~964.4345 ~~359~~337,~~378~~244.0991 ~~250~~235,~~972~~128.1878 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~758916~~759946 5.~~292492~~297639 5.~~336725~~334361

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~460541~~466318 Weighted Average Net Rate 5.~~143851~~150267 Weighted Average Maturity ~~346~~345 Beginning Loan Count ~~509~~474 Loans Paid In Full 3521 Ending Loan Count ~~474~~453 Beginning Scheduled Balance ~~203~~188,~~494~~520,~~805~~563.9899 Ending scheduled Balance ~~188~~180,~~520~~325,~~563~~106.9933 Record Date 1011/3130/2003 Principal And Interest Constant 1,~~117~~038,~~894~~251.6274 Scheduled Principal ~~191~~179,~~723~~490.0556 Unscheduled Principal 148,~~782~~015,~~518~~967.9410 Scheduled Interest ~~925~~858,~~993~~761.0718 Servicing Fees 5349,~~703~~651.9274 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,~~872~~771.4530 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest ~~870~~807,~~416~~338.7014 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.~~132809~~138993

Filing Compare · STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-10