8-K 1 bst02007.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 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (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 December 26, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 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 2002-7 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: 12/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the December 26, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 BST Series: 2002-7 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 07384MMR0 SEN 5.~~60803~~60767% 3628,~~729~~256,~~561~~400.5922 ~~169~~132,~~023~~043.1480 23,~~878~~674,~~460~~455.5828 II-A 07384MMS8 SEN 5.~~75917~~77593% 139,~~626~~367,~~597~~875.6494 6445,~~397~~090.2318 111,~~680,235~~361.2090 III-A 07384MMT6 SEN 6.~~04167~~02319% 1211,~~662~~503,~~261~~410.9607 6257,~~775~~739.2135 ~~619~~568,~~779~~955.0993 IV-A 07384MMU3 SEN 6.~~59711~~56357% 63,~~148~~778,~~579~~757.8399 3320,~~284~~668.9945 19,~~034,138~~917.2205 V-A-1 07384MMV1 SEN 5.~~29269~~30361% 1512,~~706~~127,~~448~~045.3660 6853,~~214~~597.1564 2642,~~706,583~~180.2968 V-A-2 07384MNE8 SEN 5.~~78769~~79861% 3225,~~947~~439,~~663~~094.5511 ~~156~~122,~~476~~926.7724 51,~~677~~347,~~642~~112.3151 V-X 07384MNF5 SEN 0.49500% 0.00 65,~~379~~002.7441 0.00 VI-A 07384MMW9 SEN 5.~~62533~~63888% 2321,~~078~~460,~~691~~336.3318 ~~106~~100,~~531~~843.6449 1,~~089~~860,~~454~~992.8111 VI-X 07384MNG3 SEN 0.47900% 0.00 98,~~071~~566.2425 0.00 VII-A 07384MMX7 SEN 5.~~55556~~65038% 2517,~~004~~251,~~455~~017.9852 ~~113~~81,~~989~~228.5095 4859,~~999,522~~398.0068 VII-X 07384MNH1 SEN 0.64700% 0.00 139,~~275~~301.2117 0.00 B-1 07384MNB4 SUB 5.~~92174~~93732% 65,~~625~~856,~~650~~386.5950 3228,~~195~~976.6601 ~~421~~180,~~795~~541.8544 B-2 07384MNC2 SUB 5.~~92174~~93732% 43,~~505~~982,~~660~~535.6069 2119,~~894~~704.1164 ~~286~~122,~~835~~774.0713 B-3 07384MND0 SUB 5.~~92174~~93732% 2,~~650~~342,~~275~~568.6018 1211,~~878~~590.3447 ~~168~~72,~~719~~216.3299 B-4 07384MNJ7 SUB 5.~~92174~~93732% 1,~~325~~171,~~176~~318.2205 65,~~439~~795.3640 8436,~~362~~109.1154 B-5 07384MNL2 SUB 5.~~92174~~93732% 1937,~~060,110~~027.2427 54,~~151~~636.3419 6728,~~487~~886.7380 B-6 07384MNN8 SUB 5.~~92174~~93732% 1937,~~060,351~~240.0714 54,~~152~~637.5124 6728,~~503~~893.0636 R-I 07384MMZ2 SEN 5.~~64028~~64012% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64028~~64012% 0.00 0.00 0.00 Totals ~~183~~144,~~131~~411,~~484~~013.5646 ~~887~~712,~~130~~347.1488 219,~~782~~443,~~518~~796.6440

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 3324,~~851~~581,~~101~~944.0094 3,~~047~~806,~~483~~499.7208 0.00 II-A 0.00 119,~~946~~356,~~362~~514.4404 156,~~744,632~~452.4308 0.00 III-A 0.00 1210,~~042~~934,~~482~~454.8714 ~~682~~626,~~554~~695.3028 0.00 IV-A 0.00 53,~~114~~768,~~441~~840.6193 130,~~067,423~~585.2150 0.00 V-A-1 0.00 1211,~~999~~484,~~865~~864.0791 2695,~~774,797~~778.4432 0.00 V-A-2 0.00 2724,~~270~~091,~~021~~981.2461 51,~~834~~470,~~119~~038.0875 0.00 V-X 0.00 0.00 65,~~379~~002.7441 0.00 VI-A 0.00 2119,~~989~~599,~~236~~344.5207 1,~~195~~961,~~986~~835.4560 0.00 VI-X 0.00 0.00 98,~~071~~566.2425 0.00 VII-A 0.00 2016,~~004~~391,~~933~~618.9883 5940,~~113,511~~627.5063 0.00 VII-X 0.00 0.00 139,~~275~~301.2117 0.00 B-1 0.00 65,~~203~~675,~~854~~845.7406 ~~453~~209,~~991~~517.5145 0.00 B-2 0.00 43,~~218~~859,~~825~~761.5356 ~~308~~142,~~729~~478.1877 0.00 B-3 0.00 2,~~481~~270,~~556~~351.2819 ~~181~~83,~~597~~807.6646 0.00 B-4 0.00 1,~~240~~135,~~814~~208.1150 9041,~~801~~904.4794 0.00 B-5 0.00 ~~992~~908,~~622~~140.5147 7233,~~639~~522.0799 0.00 B-6 0.00 ~~992~~908,~~848~~346.0178 7233,~~655~~530.5760 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~161~~134,~~348~~967,~~965~~217.9103 2210,~~669~~156,~~648~~144.7828 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 129,498,400.00 3628,~~729~~256,~~561~~400.5922 4132,~~093~~685.9972 23,~~837~~641,~~366~~769.5956 0.00 0.00 II-A 59,280,900.00 139,~~626~~367,~~597~~875.6494 1510,~~334~~664.9727 ~~1,664,900~~697.2363 0.00 0.00 III-A 30,541,200.00 1211,~~662~~503,~~261~~410.9607 5,~~915~~471.2889 ~~613~~563,~~863~~484.8104 0.00 0.00 IV-A 46,458,500.00 63,~~148~~778,~~579~~757.8399 75,~~414~~059.3773 14,~~026,723~~857.8532 0.00 0.00 V-A-1 70,000,000.00 1512,~~706~~127,~~448~~045.3660 1814,~~099~~354.1500 2627,~~688,484~~826.1569 0.00 0.00 V-A-2 146,840,100.00 3225,~~947~~439,~~663~~094.5511 3730,~~966~~110.8760 51,~~639~~317,~~675~~001.4490 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 2321,~~078~~460,~~691~~336.3318 1,~~166~~176.8083 1,~~088~~859,~~288~~815.0128 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 2517,~~004~~251,~~455~~017.9852 2517,~~150~~487.8957 4841,~~974,371~~911.11 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 65,~~625~~856,~~650~~386.5950 65,~~386~~736.4509 ~~415~~174,~~409~~805.4135 0.00 0.00 B-2 5,864,400.00 43,~~505~~982,~~660~~535.6069 43,~~342~~900.9973 ~~282~~118,~~492~~873.0840 0.00 0.00 B-3 3,449,500.00 2,~~650~~342,~~275~~568.6018 2,~~554~~294.5945 ~~166~~69,~~164~~922.7355 0.00 0.00 B-4 1,724,800.00 1,~~325~~171,~~176~~318.2205 1,~~277~~147.3326 8334,~~084~~962.7729 0.00 0.00 B-5 1,379,800.00 1937,~~060,110~~027.2427 ~~1,021~~917.8478 6627,~~465~~969.8902 0.00 0.00 B-6 1,380,114.00 1937,~~060,351~~240.0714 ~~1,022~~917.0799 6627,~~480~~975.9937 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 Totals 689,905,814.00 ~~183~~144,~~131~~411,~~484~~013.5646 ~~168~~131,~~747~~924.5991 219,~~613~~311,~~771~~871.0651 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 23,~~878~~674,~~460~~455.5828 3324,~~851~~581,~~101~~944.0094 0.~~26140169~~18982431 23,~~878~~674,~~460~~455.5828 II-A 111,~~680,235~~361.2090 119,~~946~~356,~~362~~514.4404 0.~~20152127~~15783354 111,~~680,235~~361.2090 III-A ~~619~~568,~~779~~955.0993 1210,~~042~~934,~~482~~454.8714 0.~~39430287~~35802307 ~~619~~568,~~779~~955.0993 IV-A 19,~~034,138~~917.2205 53,~~114~~768,~~441~~840.6193 0.~~11008624~~08112274 19,~~034,138~~917.2205 V-A-1 2642,~~706,583~~180.2968 1211,~~999~~484,~~865~~864.0791 0.~~18571236~~16406950 2642,~~706,583~~180.2968 V-A-2 51,~~677~~347,~~642~~112.3151 2724,~~270~~091,~~021~~981.2461 0.~~18571236~~16406950 51,~~677~~347,~~642~~112.3151 V-X 0.00 0.00 0.00000000 0.00 VI-A 1,~~089~~860,~~454~~992.8111 2119,~~989~~599,~~236~~344.5207 0.~~29818016~~26577256 1,~~089~~860,~~454~~992.8111 VI-X 0.00 0.00 0.00000000 0.00 VII-A 4859,~~999,522~~398.0068 2016,~~004~~391,~~933~~618.9883 0.~~18003081~~14751343 4859,~~999,522~~398.0068 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~421~~180,~~795~~541.8544 65,~~203~~675,~~854~~845.7406 0.~~71939594~~65816819 ~~421~~180,~~795~~541.8544 B-2 ~~286~~122,~~835~~774.0713 43,~~218~~859,~~825~~761.5356 0.~~71939594~~65816819 ~~286~~122,~~835~~774.0713 B-3 ~~168~~72,~~719~~216.3299 2,~~481~~270,~~556~~351.2819 0.~~71939594~~65816820 ~~168~~72,~~719~~216.3299 B-4 8436,~~362~~109.1154 1,~~240~~135,~~814~~208.1150 0.~~71939594~~65816819 8436,~~362~~109.1154 B-5 6728,~~487~~886.7380 ~~992~~908,~~622~~140.5147 0.~~71939593~~65816819 6728,~~487~~886.7380 B-6 6728,~~503~~893.0636 ~~992~~908,~~848~~346.0178 0.~~71939565~~65816793 6728,~~503~~893.0636 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 219,~~782~~443,~~518~~796.6440 ~~161~~134,~~348~~967,~~965~~217.9103 0.~~23387100~~19563137 219,~~782~~443,~~518~~796.6440

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 ~~283~~218.~~62946253~~19883659 0.~~31733203~~25240250 2128.~~91043743~~12212012 0.00000000 II-A 59,280,900.00 ~~229~~158.~~86489139~~02519766 0.~~25868315~~17989386 280.~~08493511~~01176821 0.00000000 III-A 30,541,200.00 ~~414~~376.~~59608529~~65219670 0.~~19368198~~17916421 2018.~~09953145~~44996398 0.00000000 IV-A 46,458,500.00 ~~132~~81.~~34563815~~33620306 0.~~15959125~~10890860 220.~~09980628~~10455180 0.00000000 V-A-1 70,000,000.00 ~~224~~173.~~37783371~~24350857 0.~~25855929~~20505714 388.~~40691643~~96895271 0.00000000 V-A-2 146,840,100.00 ~~224~~173.~~37783378~~24350848 0.~~25855928~~20505707 388.~~40691637~~96895262 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~312~~291.~~95347374~~00812776 0.~~01582213~~01595814 1425.~~75748812~~21961250 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 ~~225~~155.~~02311457~~24743650 0.~~22634092~~15737625 447.~~76596016~~57662795 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~768~~679.~~30717557~~10369099 0.~~74056959~~66515417 4820.~~17067036~~27034220 0.00000000 B-2 5,864,400.00 ~~768~~679.~~30717550~~10369177 0.~~74056852~~66515415 4820.~~17067049~~27034309 0.00000000 B-3 3,449,500.00 ~~768~~679.~~30717495~~10369039 0.~~74056820~~66515437 4820.~~17067111~~27034353 0.00000000 B-4 1,724,800.00 ~~768~~679.~~30717764~~10369318 0.~~74056702~~66515538 4820.~~17066906~~27034439 0.00000000 B-5 1,379,800.00 ~~768~~679.~~30717495~~10368894 0.~~74057110~~66515437 4820.~~17066966~~27034353 0.00000000 B-6 1,380,114.00 ~~768~~679.~~30687175~~10342189 0.~~74056926~~66515520 4820.~~17065112~~27033274 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

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 2228.~~22776946~~37452262 ~~261~~189.~~40169299~~82431397 0.~~26140169~~18982431 2228.~~22776946~~37452262 II-A 0.00000000 280.~~34361826~~19166207 ~~201~~157.~~52127313~~83353559 0.~~20152127~~15783354 280.~~34361826~~19166207 III-A 0.00000000 2018.~~29321343~~62912819 ~~394~~358.~~30287186~~02306851 0.~~39430287~~35802307 2018.~~29321343~~62912819 IV-A 0.00000000 220.~~25939753~~21346040 ~~110~~81.~~08624062~~12274245 0.~~11008624~~08112274 220.~~25939753~~21346040 V-A-1 0.00000000 389.~~66547557~~17400971 ~~185~~164.~~71235814~~06949871 0.~~18571236~~16406950 389.~~66547557~~17400971 V-A-2 0.00000000 389.~~66547564~~17400976 ~~185~~164.~~71235814~~06949879 0.~~18571236~~16406950 389.~~66547564~~17400976 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 1425.~~77331025~~23557064 ~~298~~265.~~18016348~~77255712 0.~~29818016~~26577256 1425.~~77331025~~23557064 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 447.~~99230108~~73400420 ~~180~~147.~~03081349~~51343221 0.~~18003081~~14751343 447.~~99230108~~73400420 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 4820.~~91123880~~93549636 ~~719~~658.~~39593678~~16819463 0.~~71939594~~65816819 4820.~~91123880~~93549636 B-2 0.00000000 4820.~~91123900~~93549724 ~~719~~658.~~39593650~~16819453 0.~~71939594~~65816819 4820.~~91123900~~93549724 B-3 0.00000000 4820.~~91123931~~93549500 ~~719~~658.~~39593564~~16819539 0.~~71939594~~65816820 4820.~~91123931~~93549500 B-4 0.00000000 4820.~~91124188~~93549397 ~~719~~658.~~39593576~~16819341 0.~~71939594~~65816819 4820.~~91124188~~93549397 B-5 0.00000000 4820.~~91124076~~93549790 ~~719~~658.~~39593419~~16819104 0.~~71939593~~65816819 4820.~~91124076~~93549790 B-6 0.00000000 4820.~~91122038~~93548794 ~~719~~658.~~39565137~~16793395 0.~~71939565~~65816793 4820.~~91122038~~93548794 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 I-A 129,498,400.00 5.~~60803~~60767% 3628,~~729~~256,~~561~~400.5922 ~~171~~132,~~650~~043.5181 0.00 0.00 II-A 59,280,900.00 5.~~75917~~77593% 139,~~626~~367,~~597~~875.6494 6545,~~398~~090.2519 0.00 0.00 III-A 30,541,200.00 6.~~04167~~02319% 1211,~~662~~503,~~261~~410.9607 6357,~~751~~739.0235 0.00 0.00 IV-A 46,458,500.00 6.~~59711~~56357% 63,~~148~~778,~~579~~757.8399 3320,~~802~~668.3945 0.00 0.00 V-A-1 70,000,000.00 5.~~29269~~30361% 1512,~~706~~127,~~448~~045.3660 6953,~~274~~597.5064 0.00 0.00 V-A-2 146,840,100.00 5.~~78769~~79861% 3225,~~947~~439,~~663~~094.5511 ~~158~~122,~~909~~926.1225 0.00 0.00 V-X 0.00 0.49500% 1512,~~706~~127,~~448~~045.3660 65,~~478~~002.9141 0.00 0.00 VI-A 73,744,800.00 5.~~62533~~63888% 2321,~~078~~460,~~691~~336.3318 ~~108~~100,~~187~~843.6250 0.00 0.00 VI-X 0.00 0.47900% 2321,~~078~~460,~~691~~336.3318 98,~~212~~566.2425 0.00 0.00 VII-A 111,119,500.00 5.~~55556~~65038% 2517,~~004~~251,~~455~~017.9852 ~~115~~81,~~761~~228.4195 0.00 0.00 VII-X 0.00 0.64700% 2517,~~004~~251,~~455~~017.9852 139,~~481~~301.5717 0.00 0.00 B-1 8,623,700.00 5.~~92174~~93732% 65,~~625~~856,~~650~~386.5950 3228,~~696~~976.1301 0.00 0.00 B-2 5,864,400.00 5.~~92174~~93732% 43,~~505~~982,~~660~~535.6069 2219,~~234~~704.4464 0.00 0.00 B-3 3,449,500.00 5.~~92174~~93732% 2,~~650~~342,~~275~~568.6018 1311,~~078~~590.5347 0.00 0.00 B-4 1,724,800.00 5.~~92174~~93732% 1,~~325~~171,~~176~~318.2205 65,~~539~~795.4540 0.00 0.00 B-5 1,379,800.00 5.~~92174~~93732% 1937,~~060,110~~027.2427 54,~~231~~636.4119 0.00 0.00 B-6 1,380,114.00 5.~~92174~~93732% 1937,~~060,351~~240.0714 54,~~232~~637.6024 0.00 0.00 R-I 50.00 5.~~64028~~64012% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64028~~64012% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~900~~712,~~920~~347.1092 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 ~~2,627~~0.3800 0.00 ~~169~~132,~~023~~043.1480 0.00 3324,~~851~~581,~~101~~944.0094 II-A ~~1,001~~0.0200 0.00 6445,~~397~~090.2318 0.00 119,~~946~~356,~~362~~514.4404 III-A ~~975~~0.8100 0.00 6257,~~775~~739.2135 0.00 1210,~~042~~934,~~482~~454.8714 IV-A ~~517~~0.4000 0.00 3320,~~284~~668.9945 0.00 53,~~114~~768,~~441~~840.6193 V-A-1 ~~1,060~~0.3500 0.00 6853,~~214~~597.1564 0.00 1211,~~999~~484,~~865~~864.0791 V-A-2 ~~2,432~~0.3500 0.00 ~~156~~122,~~476~~926.7724 0.00 2724,~~270~~091,~~021~~981.2461 V-X 990.1700 0.00 65,~~379~~002.7441 0.00 1211,~~999~~484,~~865~~864.0791 VI-A ~~1,655~~0.9800 0.00 ~~106~~100,~~531~~843.6449 0.00 2119,~~989~~599,~~236~~344.5207 VI-X ~~141~~0.0100 0.00 98,~~071~~566.2425 0.00 2119,~~989~~599,~~236~~344.5207 VII-A ~~1,771~~0.9100 0.00 ~~113~~81,~~989~~228.5095 0.00 2016,~~004~~391,~~933~~618.9883 VII-X ~~206~~0.3600 0.00 139,~~275~~301.2117 0.00 2016,~~004~~391,~~933~~618.9883 B-1 ~~500~~0.4600 0.00 3228,~~195~~976.6601 0.00 65,~~203~~675,~~854~~845.7406 B-2 ~~340~~0.3300 0.00 2119,~~894~~704.1164 0.00 43,~~218~~859,~~825~~761.5356 B-3 ~~200~~0.1900 0.00 1211,~~878~~590.3447 0.00 2,~~481~~270,~~556~~351.2819 B-4 ~~100~~0.1000 0.00 65,~~439~~795.3640 0.00 1,~~240~~135,~~814~~208.1150 B-5 800.0700 0.00 54,~~151~~636.3419 0.00 ~~992~~908,~~622~~140.5147 B-6 800.0900 0.00 54,~~152~~637.5124 0.00 ~~992~~908,~~848~~346.0178 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals ~~13,789~~0.9800 0.00 ~~887~~712,~~130~~347.1488 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 129,498,400.00 5.~~60803~~60767% ~~283~~218.~~62946253~~19883659 1.~~32550294~~01965592 0.00000000 0.00000000 II-A 59,280,900.00 5.~~75917~~77593% ~~229~~158.~~86489139~~02519766 10.~~10319260~~76061919 0.00000000 0.00000000 III-A 30,541,200.00 6.~~04167~~02319% ~~414~~376.~~59608529~~65219670 21.~~08737771~~89053966 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~59711~~56357% ~~132~~81.~~34563815~~33620306 0.~~72758247~~44487984 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~29269~~30361% ~~224~~173.~~37783371~~24350857 0.~~98963571~~76568057 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~78769~~79861% ~~224~~173.~~37783378~~24350848 10.~~08219158~~83714360 0.00000000 0.00000000 V-X 0.00 0.49500% ~~224~~173.~~37783371~~24350857 0.~~09255586~~07146300 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~62533~~63888% ~~312~~291.~~95347374~~00812776 1.~~46705422~~36746591 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~312~~291.~~95347374~~00812776 0.~~12492054~~11616073 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~55556~~65038% ~~225~~155.~~02311457~~24743650 10.~~04177404~~73100536 0.00000000 0.00000000 VII-X 0.00 0.64700% ~~225~~155.~~02311457~~24743650 0.~~12132497~~08370421 0.00000000 0.00000000 B-1 8,623,700.00 5.~~92174~~93732% ~~768~~679.~~30717557~~10369099 3.~~79142711~~36004383 0.00000000 0.00000000 B-2 5,864,400.00 5.~~92174~~93732% ~~768~~679.~~30717550~~10369177 3.~~79142623~~36004365 0.00000000 0.00000000 B-3 3,449,500.00 5.~~92174~~93732% ~~768~~679.~~30717495~~10369039 3.~~79142774~~36004348 0.00000000 0.00000000 B-4 1,724,800.00 5.~~92174~~93732% ~~768~~679.~~30717764~~10369318 3.~~79142509~~36004174 0.00000000 0.00000000 B-5 1,379,800.00 5.~~92174~~93732% ~~768~~679.~~30717495~~10368894 3.~~79142629~~36004493 0.00000000 0.00000000 B-6 1,380,114.00 5.~~92174~~93732% ~~768~~679.~~30687175~~10342189 3.~~79142593~~36004127 0.00000000 0.00000000 R-I 50.00 5.~~64028~~64012% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64028~~64012% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.~~02028890~~00000000 0.00000000 1.~~30521412~~01965584 0.00000000 ~~261~~189.~~40169299~~82431397 II-A 0.~~01688605~~00000000 0.00000000 10.~~08630655~~76061902 0.00000000 ~~201~~157.~~52127313~~83353559 III-A 0.~~03195061~~00000000 0.00000000 21.~~05542710~~89053966 0.00000000 ~~394~~358.~~30287186~~02306851 IV-A 0.~~01113682~~00000000 0.00000000 0.~~71644565~~44487984 0.00000000 ~~110~~81.~~08624062~~12274245 V-A-1 0.~~01514786~~00000000 0.00000000 0.~~97448786~~76568057 0.00000000 ~~185~~164.~~71235814~~06949871 V-A-2 0.~~01656462~~00000000 0.00000000 10.~~06562696~~83714353 0.00000000 ~~185~~164.~~71235814~~06949879 V-X 0.~~00141671~~00000000 0.00000000 0.~~09113914~~07146300 0.00000000 ~~185~~164.~~71235814~~06949871 VI-A 0.~~02245555~~00000000 0.00000000 1.~~44459867~~36746577 0.00000000 ~~298~~265.~~18016348~~77255712 VI-X 0.~~00191213~~00000000 0.00000000 0.~~12300854~~11616073 0.00000000 ~~298~~265.~~18016348~~77255712 VII-A 0.~~01594599~~00000000 0.00000000 10.~~02582805~~73100536 0.00000000 ~~180~~147.~~03081349~~51343221 VII-X 0.~~00185710~~00000000 0.00000000 0.~~11946787~~08370421 0.00000000 ~~180~~147.~~03081349~~51343221 B-1 0.~~05803309~~00000000 0.00000000 3.~~73339286~~36004383 0.00000000 ~~719~~658.~~39593678~~16819463 B-2 0.~~05803322~~00000000 0.00000000 3.~~73339302~~36004365 0.00000000 ~~719~~658.~~39593650~~16819453 B-3 0.~~05803450~~00000000 0.00000000 3.~~73339325~~36004348 0.00000000 ~~719~~658.~~39593564~~16819539 B-4 0.~~05803571~~00000000 0.00000000 3.~~73339518~~36004174 0.00000000 ~~719~~658.~~39593576~~16819341 B-5 0.~~05803015~~00000000 0.00000000 3.~~73339614~~36004493 0.00000000 ~~719~~658.~~39593419~~16819104 B-6 0.~~05803144~~00000000 0.00000000 3.~~73339449~~36004127 0.00000000 ~~719~~658.~~39565137~~16793395 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 2210,~~710~~185,~~266~~785.2496 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2024,~~250~~738.8393 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2210,~~730~~210,~~517~~524.0789 Withdrawals Reimbursement for Servicer Advances 1216,~~520~~201.2951 Payment of Service Fee 4838,~~348~~179.0206 Payment of Interest and Principal 2210,~~669~~156,~~648~~144.7632 Total Withdrawals (Pool Distribution Amount) 2210,~~730~~210,~~517~~524.0789 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~13,789~~0.9800 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~13,789~~0.9800

SERVICING FEES Gross Servicing Fee 4838,~~348~~179.0206 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4838,~~348~~179.0206

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 47 0 0 0 47 12,~~957~~941,~~790~~711.2799 0.00 0.00 0.00 12,~~957~~941,~~790~~711.2799 60 Days 31 0 0 0 3 1 516,~~175,232~~383.8638 0.00 0.00 0.00 1516,~~175,232~~383.8638 90 Days 0 0 01 0 01 0.00 0.00 0360,968.0013 0.00 0360,968.0013 120 Days 0 0 10 0 10 0.00 0.00 ~~496,117~~0.4400 0.00 ~~496,117~~0.4400 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 01 0 01 0.00 0.00 0496,117.0044 0.00 0496,117.0044 Totals 78 0 12 0 810 3,~~133~~458,~~023~~095.1337 0.00 ~~496~~857,~~117~~085.4457 0.00 34,~~629~~315,~~140~~180.5794 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.~~954654~~955307% 0.000000% 0.000000% 0.000000% 01.~~954654~~955307% 12.~~212498~~177805% 0.000000% 0.000000% 0.000000% 12.~~212498~~177805% 60 Days 0.~~715990~~279330% 0.000000% 0.000000% 0.000000% 0.~~715990~~279330% 0.~~727845~~382288% 0.000000% 0.000000% 0.000000% 0.~~727845~~382288% 90 Days 0.000000% 0.000000% 0.~~000000~~279330% 0.000000% 0.~~000000~~279330% 0.000000% 0.000000% 0.~~000000~~267232% 0.000000% 0.~~000000~~267232% 120 Days 0.000000% 0.000000% 0.~~238663~~000000% 0.000000% 0.~~238663~~000000% 0.000000% 0.000000% 0.~~307255~~000000% 0.000000% 0.~~307255~~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~~279330% 0.000000% 0.~~000000~~279330% 0.000000% 0.000000% 0.~~000000~~367285% 0.000000% 0.~~000000~~367285% Totals 12.~~670644~~234637% 0.000000% 0.~~238663~~558659% 0.000000% 12.~~909308~~793296% 12.~~940343~~560094% 0.000000% 0.~~307255~~634517% 0.000000% 23.~~247598~~194610%

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 1 0 0 0 1 ~~968~~371,~~211~~484.6272 0.00 0.00 0.00 ~~968~~371,~~211~~484.6272 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 ~~496,117~~0.4400 0.00 ~~496,117~~0.4400 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 01 0 01 0.00 0.00 0496,117.0044 0.00 0496,117.0044 Totals 1 0 1 0 2 ~~968~~371,~~211~~484.6272 0.00 496,117.44 0.00 1867,~~464,329~~602.0616 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~388889~~923077% 0.000000% 0.000000% 0.000000% 1.~~388889~~923077% 21.~~607580~~355266% 0.000000% 0.000000% 0.000000% 21.~~607580~~355266% 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.~~388889~~000000% 0.000000% 10.~~388889~~000000% 0.000000% 0.000000% 10.~~336140~~000000% 0.000000% 10.~~336140~~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% 01.~~000000~~923077% 0.000000% 01.~~000000~~923077% 0.000000% 0.000000% 01.~~000000~~809956% 0.000000% 01.~~000000~~809956% Totals 1.~~388889~~923077% 0.000000% 1.~~388889~~923077% 0.000000% 23.~~777778~~846154% 21.~~607580~~355266% 0.000000% 1.~~336140~~809956% 0.000000% 3.~~943719~~165222% 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 01 0 0 0 01 0503,750.0056 0.00 0.00 0.00 0503,750.0056 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 01 0 0 0 01 0503,750.0056 0.00 0.00 0.00 0503,750.0056 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.000000% 0.000000% 0.000000% 0.000000% 04.000000% 04.~~000000~~726335% 0.000000% 0.000000% 0.000000% 04.~~000000~~726335% 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 04.000000% 0.000000% 0.000000% 0.000000% 04.000000% 04.~~000000~~726335% 0.000000% 0.000000% 0.000000% 04.~~000000~~726335% 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 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 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 03 0 0 0 03 01,296,620.0035 0.00 0.00 0.00 01,296,620.0035 60 Days 20 0 0 0 20 ~~658,849~~0.4800 0.00 0.00 0.00 ~~658,849~~0.4800 90 Days 0 0 01 0 01 0.00 0.00 0360,968.0013 0.00 0360,968.0013 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 01 0 24 ~~658~~1,~~849~~296,620.4835 0.00 0360,968.0013 0.00 ~~658~~1,~~849~~657,588.48 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~912621% 0.000000% 0.000000% 0.000000% 02.~~000000~~912621% 03.~~000000~~211150% 0.000000% 0.000000% 0.000000% 03.~~000000~~211150% 60 Days 10.~~724138~~000000% 0.000000% 0.000000% 0.000000% 10.~~724138~~000000% 10.~~452498~~000000% 0.000000% 0.000000% 0.000000% 10.~~452498~~000000% 90 Days 0.000000% 0.000000% 0.~~000000~~970874% 0.000000% 0.~~000000~~970874% 0.000000% 0.000000% 0.~~000000~~893957% 0.000000% 0.~~000000~~893957% 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.~~724138~~912621% 0.000000% 0.~~000000~~970874% 0.000000% 13.~~724138~~883495% 13.~~452498~~211150% 0.000000% 0.~~000000~~893957% 0.000000% 14.~~452498~~105107% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 20 0 0 0 20 ~~538,412~~0.4000 0.00 0.00 0.00 ~~538,412~~0.4000 60 Days 1 0 0 0 1 516,383.38 0.00 0.00 0.00 516,383.38 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 31 0 0 0 3 1 516,~~054,795~~383.7838 0.00 0.00 0.00 1516,~~054,795~~383.7838 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~816901~~000000% 0.000000% 0.000000% 0.000000% 20.~~816901~~000000% 20.~~254601~~000000% 0.000000% 0.000000% 0.000000% 20.~~254601~~000000% 60 Days 1.~~408451~~492537% 0.000000% 0.000000% 0.000000% 1.~~408451~~492537% 2.~~162354~~413977% 0.000000% 0.000000% 0.000000% 2.~~162354~~413977% 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 41.~~225352~~492537% 0.000000% 0.000000% 0.000000% 41.~~225352~~492537% 42.~~416955~~413977% 0.000000% 0.000000% 0.000000% 42.~~416955~~413977% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 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 12 0 0 0 12 ~~451~~769,~~166~~856.2536 0.00 0.00 0.00 ~~451~~769,~~166~~856.2536 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 12 0 0 0 12 ~~451~~769,~~166~~856.2536 0.00 0.00 0.00 ~~451~~769,~~166~~856.2536 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~851852~~347826% 0.000000% 0.000000% 0.000000% 14.~~851852~~347826% 14.~~995472~~100951% 0.000000% 0.000000% 0.000000% 14.~~995472~~100951% 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 14.~~851852~~347826% 0.000000% 0.000000% 0.000000% 14.~~851852~~347826% 14.~~995472~~100951% 0.000000% 0.000000% 0.000000% 14.~~995472~~100951%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2024,~~250~~738.8393

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% ~~127~~110,~~497~~385,~~864~~272.9109 7981.~~01994548~~78672903% 2018.~~980055~~213271% 0.000000% Class 2A 501,126,514.00 72.63694606% ~~115~~101,~~551~~028,~~502~~758.4705 7174.~~61589280~~85429444% 76.~~404053~~932435% 7463.~~060610~~401096% Class 3A 470,585,314.00 68.21008092% ~~103~~90,~~509~~094,~~019~~303.6091 6466.~~15226711~~75273143% 78.~~463626~~101563% 74.~~656502~~093446% Class B-1 13,798,714.00 2.00008664% 9,~~926~~081,~~666~~808.4450 6.~~15229629~~72889958% 34.~~844992~~205351% 38.460349% Class B-2 7,934,314.00 1.15005756% 5,~~707~~222,~~840~~046.9194 3.~~53757514~~86912248% 2.~~614721~~859777% 26.154304% Class B-3 4,484,814.00 0.65006178% 32,~~226~~951,~~284~~695.6375 12.~~99956945~~18697237% 1.~~538006~~682150% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,~~985~~816,~~470~~487.5225 1.~~23054431~~34587294% 0.~~769025~~841099% 7.692337% Class B-5 1,380,214.00 0.20005832% ~~992~~908,~~848~~346.0178 0.~~61534203~~67301290% 0.~~615202~~672860% 6.153691% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~615342~~673013% 6.155089% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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 6.~~220240~~236591% Weighted Average Net Coupon 5.~~903431~~919337% Weighted Average Pass-Through Rate 5.~~903431~~919337% Weighted Average Maturity(Stepdown Calculation ) ~~341~~339 Beginning Scheduled Collateral Loan Count ~~469~~380 Number Of Loans Paid In Full 5022 Ending Scheduled Collateral Loan Count ~~419~~358 Beginning Scheduled Collateral Balance ~~183~~144,~~131~~411,~~484~~013.5646 Ending Scheduled Collateral Balance ~~161~~134,~~348~~967,~~965~~217.9205 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~161~~135,~~467~~076,~~518~~909.0017 Monthly P &I Constant 1882,~~118,015~~451.7288 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 219,~~501~~611,~~723~~382.0512 Ending Scheduled Balance for Premium Loans ~~161~~134,~~348~~967,~~965~~217.9205 Scheduled Principal ~~168~~131,~~747~~924.5991 Unscheduled Principal 219,~~613~~311,~~771~~871.0550

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 9190.~~601442~~453977% Senior Prepayment Percentage Grp 1 95.~~800721~~226988% Subordinate Percentage Group 1 89.~~398558~~546023% Subordinate Prepayment Pct Group 1 4.~~199279~~773012% Average Loss Severity Group 2 0 Senior Percentage Group 2 8987.~~907834~~879651% Senior Prepayment Percentage Grp 2 9493.~~953917~~939826% Subordinate Percentage Group 2 1012.~~092166~~120349% Subordinate Prepayment Pct Group 2 56.~~046083~~060174% Average Loss Severity Group 3 0 Senior Percentage Group 3 93.~~501253~~192571% Senior Prepayment Percentage Grp 3 96.~~750627~~596285% Subordinate Percentage Group 3 6.~~498747~~807429% Subordinate Prepayment Pct Group 3 3.~~249373~~403715% Average Loss Severity Group 4 0 Senior Percentage Group 4 8480.~~198603~~116885% Senior Prepayment Percentage Grp 4 9290.~~099301~~058443% Subordinate Percentage Group 4 1519.~~801397~~883115% Subordinate Prepayment Pct Group 4 79.~~900699~~941557% Average Loss Severity Group 5 0 Senior Percentage Group 5 8988.~~846433~~494532% Senior Prepayment Percentage Grp 5 94.~~923217~~247266% Subordinate Percentage Group 5 1011.~~153567~~505468% Subordinate Prepayment Pct Group 5 5.~~076783~~752734% Average Loss Severity Group 6 0 Senior Percentage Group 6 9291.~~265424~~988843% Senior Prepayment Percentage Grp 6 9695.~~132712~~994422% Subordinate Percentage Group 6 78.~~734576~~011157% Subordinate Prepayment Pct Group 6 34.~~867288~~005578% Average Loss Severity Group 7 0 Senior Percentage Group 7 8987.~~726403~~689161% Senior Prepayment Percentage Grp 7 9493.~~863201~~844581% Subordinate Percentage Group 7 1012.~~273597~~310839% Subordinate Prepayment Pct Group 7 56.~~136799~~155419%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~978966~~978835 6.~~021026~~030267 6.~~362121~~343480 Weighted Average Net Rate 5.~~608034~~607670 5.~~759170~~775932 6.~~041671~~023190 Weighted Average Maturity ~~342~~ 340 ~~342~~338 340 Beginning Loan Count 7860 3725 6257 Loans Paid In Full 68 50 23 Ending Loan Count 7252 3225 6054 Beginning Scheduled Balance 4031,~~097~~238,~~143~~427.3080 1510,~~156~~659,~~184~~892.9206 1312,~~542~~343,~~344~~698.6759 Ending scheduled Balance 3727,~~090~~377,~~543~~988.3357 1310,~~385~~647,~~751~~014.5134 1211,~~901~~754,~~537~~487.8075 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~244~~191,~~644~~776.6236 9365,~~102~~703.8142 7871,~~124~~123.7827 Scheduled Principal 4436,~~861~~135.7319 1712,~~056~~135.3209 65,~~326~~871.4260 Unscheduled Principal 23,~~961~~824,~~738~~304.2404 ~~1,753,377~~742.0963 ~~634~~583,~~480~~339.4524 Scheduled Interest ~~199~~155,~~782~~641.8917 7653,~~046~~568.4933 7165,~~798~~251.3667 Servicing Fees 129,~~394~~662.4518 32,~~307~~259.2832 3,~~616~~294.3764 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 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 ~~187~~145,~~388~~978.4499 7251,~~739~~309.2101 6861,~~181~~957.9903 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.607670 5.775933 6.023190

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~847112~~813570 6.~~055535~~066521 6.~~473346~~486481 Weighted Average Net Rate 6.~~597111~~563569 5.~~787693~~798615 6.~~104325~~117877 Weighted Average Maturity ~~329~~327 339 341 ~~343~~ Beginning Loan Count 1611 ~~137~~109 7470 Loans Paid In Full 20 216 3 Ending Loan Count 1411 ~~116~~103 7167 Beginning Scheduled Balance 74,~~302~~716,~~472~~556.5230 5442,~~152~~450,~~524~~238.7438 2523,~~013~~329,~~369~~281.2849 Ending scheduled Balance 64,~~178~~704,~~865~~847.8034 4540,~~316~~336,~~547~~454.7032 2321,~~880~~390,~~036~~582.3201 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant 5033,~~473~~095.1893 ~~335~~264,~~670~~849.8299 ~~136~~127,~~198~~383.1044 Scheduled Principal 86,~~805~~315.8144 6250,~~402~~245.0559 1,~~264~~279.6132 Unscheduled Principal 15,~~114,800~~393.9152 82,~~773~~063,~~574~~538.9947 1,~~132~~937,~~068~~420.3516 Scheduled Interest 4126,~~667~~780.3749 ~~273~~214,~~268~~604.7740 ~~134~~126,~~933~~104.4912 Servicing Fees ~~1,521~~982.3562 129,~~086~~477.9626 7,~~692~~166.0506 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 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 4025,~~146~~797.0287 ~~261~~205,~~181~~127.8114 ~~127~~118,~~241~~938.4406 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.563570 5.798614 6.117877

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~535400~~622919 6.~~220240~~236591 Weighted Average Net Rate 6.~~202558~~297376 5.~~903431~~919337 Weighted Average Maturity ~~342~~340.00 ~~341~~339.00 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~179~~128,~~801~~519.4147 1882,~~118,015~~451.7288 Beginning Loan Count 6548 ~~469~~380 Loans Paid In Full 112 5022 Ending Loan Count 5446 ~~419~~358 Beginning Scheduled Balance 2719,~~867~~672,~~445~~918.1384 ~~183~~144,~~131~~411,~~484~~013.5646 Ending Scheduled Balance 2218,~~595~~755,~~683~~842.4672 ~~161~~134,~~348~~967,~~965~~217.9205 Scheduled Principal 2819,~~030~~942.6568 ~~168~~131,~~747~~924.5991 Unscheduled Principal 5897,~~243,731~~133.0244 219,~~613~~311,~~771~~871.0550 Scheduled Interest ~~151~~108,~~770~~576.7679 ~~949~~750,~~268~~526.1397 Servicing Fee 75,~~729~~336.5698 4838,~~348~~179.0206 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~144~~103,~~041~~239.2081 ~~900~~712,~~920~~347.1191 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.297377 5.919337

Filing Compare · BEAR STEARNS ARM TRUST 2002-7