8-K 1 bst02012.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-12 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-17 80-0069274 Pooling and Servicing Agreement) (Commission 90-0102911 (State or other File Number) 80-0069971 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 2002-12 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 2002-12 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 2002-12 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 2002-12 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: 2002-12 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MQX3 SEN 4.~~79896~~79085% 2827,~~847~~137,~~838~~886.5214 ~~115~~108,~~366~~344.4170 1754,~~709,952~~859.3813 I-A-2 07384MQY1 SEN 1.96700% 0.00 0.00 0.00 I-A-3 07384MQZ8 SEN 3.13100% 0.00 0.00 0.00 I-A-4 07384MRA2 SEN 3.54500% 0.00 0.00 0.00 I-A-5 07384MRB0 SEN 4.33400% ~~168~~148,~~801~~249,~~724~~975.8991 ~~609~~535,~~655~~429.5650 209,~~551~~072,~~748~~577.9843 I-A-6 07384MRD6 SEN 4.93500% 66,000,000.00 271,425.00 0.00 I-A-7 07384MRE4 SEN 5.~~03596~~02785% 111,917,600.00 ~~469~~468,~~677~~921.3611 0.00 I-X-1 07384MRF1 SEN 0.48100% 0.00 1110,~~563~~877.1877 0.00 I-X-2 07384MRG9 SEN 0.~~60497~~57816% 0.00 ~~174~~157,~~796~~147.2655 0.00 I-B-1 07384MRM6 SUB 5.~~27996~~27185% 9,~~868~~580,~~581~~513.41 43 42,~~421~~089.4522 ~~288~~133,~~067~~821.9815 I-B-2 07384MRN4 SUB 5.~~27996~~27185% 7,~~518~~299,~~905~~425.7982 3332,~~082~~067.9592 ~~219~~101,~~479~~958.9779 I-B-3 07384MRP9 SUB 5.~~27996~~27185% 3,~~289~~193,~~527~~504.1448 14,~~473~~029.8274 9644,~~022~~607.6605 I-B-4 07384MSB9 SUB 5.~~27996~~27185% 1,~~879~~824,~~703~~833.0372 8,~~270~~016.6388 5425,~~869~~489.3138 I-B-5 07384MSC7 SUB 5.~~27996~~27185% 1,~~409~~368,~~824~~670.1075 6,~~203~~012.1886 4119,~~153~~117.3567 I-B-6 07384MSD5 SUB 5.~~27996~~27185% 1,~~409~~368,~~795~~642.0757 6,~~203~~012.0574 4119,~~152~~117.5028 II-A-1 07384MRH7 SEN 4.~~10760~~10188% ~~179~~173,~~726~~322,~~121~~193.6756 ~~615~~592,~~202~~455.6211 68,~~403~~387,~~928~~522.1122 II-A-2 07384MRJ3 SEN 4.~~82960~~82388% 1514,~~512~~959,~~341~~611.2985 6260,~~432~~136.0109 ~~552~~723,~~729~~935.4443 II-A-3 07384MRL8 MEZ 4.~~82960~~82388% 7,~~177~~174,~~621~~966.7234 28,~~887~~842.5462 2,~~655~~602.3872 II-X-1 07384MRK0 SEN 0.72200% 0.00 ~~108~~104,~~135~~282.2219 0.00 II-B-1 07384MRQ7 SUB 4.~~82960~~82388% 3,~~930~~929,~~709~~254.1295 15,~~819~~795.8020 1,~~454~~425.1834 II-B-2 07384MRR5 SUB 4.~~82960~~82388% 2,~~734~~733,~~289~~277.3882 1110,~~004~~987.6049 ~~1,011~~991.5650 II-B-3 07384MRS3 SUB 4.~~82960~~82388% 1,~~367~~366,~~194~~688.5171 5,~~502~~493.5095 ~~505~~495.8077 II-B-4 07384MSE3 SUB 4.~~82960~~82388% 854,~~471~~155.6655 3,~~438~~433.9662 ~~316~~309.1185 II-B-5 07384MSF0 SUB 4.~~82960~~82388% 512,~~722~~533.8517 2,~~063~~060.5433 ~~189~~185.6892 II-B-6 07384MSG8 SUB 4.~~82960~~82388% 512,~~738~~549.7910 2,~~063~~060.6039 ~~189~~185.6993 R-I 07384MRT1 RES 0.00000% 0.00 0.00 0.00 R-II 07384MRU8 SEN 4.~~85930~~85706% 0.00 0.00 0.00 R-III 07384MRC8 SEN 4.~~85930~~85706% 0.00 0.00 0.00 Totals ~~613~~583,~~271~~306,~~710~~283.9487 2,~~618~~485,~~689~~921.2498 2919,~~965~~289,~~427~~202.0856

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 2726,~~137~~383,~~886~~027.1401 1863,~~825,318~~203.7983 0.00 I-A-2 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 0.00 0.00 I-A-5 0.00 ~~148~~139,~~249~~177,~~975~~398.9148 219,~~161~~608,~~404~~006.5493 0.00 I-A-6 0.00 66,000,000.00 271,425.00 0.00 I-A-7 0.00 111,917,600.00 ~~469~~468,~~677~~921.3611 0.00 I-X-1 0.00 0.00 1110,~~563~~877.1877 0.00 I-X-2 0.00 0.00 ~~174~~157,~~796~~147.2655 0.00 I-B-1 0.00 9,~~580~~446,~~513~~692.4328 ~~331~~175,~~489~~910.4337 0.00 I-B-2 0.00 7,~~299~~197,~~425~~467.8203 ~~252~~134,~~562~~026.9271 0.00 I-B-3 0.00 3,~~193~~148,~~504~~897.4843 ~~110~~58,~~496~~636.4879 0.00 I-B-4 0.00 1,~~824~~799,~~833~~344.7234 6333,~~139~~506.9426 0.00 I-B-5 0.00 1,~~368~~349,~~670~~553.7508 4725,~~356~~130.53 0.00 I-B-6 0.00 1,~~368~~349,~~642~~525.5729 4725,~~355~~130.5502 0.00 II-A-1 0.00 ~~173~~164,~~322~~934,~~193~~671.5634 78,~~019~~979,~~130~~977.7333 0.00 II-A-2 0.00 14,~~959~~235,~~611~~676.8542 ~~615~~784,~~161~~071.4552 0.00 II-A-3 0.00 7,~~174~~172,~~966~~363.3462 31,~~542~~445.9234 0.00 II-X-1 0.00 0.00 ~~108~~104,~~135~~282.2219 0.00 II-B-1 0.00 3,~~929~~927,~~254~~829.9561 17,~~273~~220.9854 0.00 II-B-2 0.00 2,~~733~~732,~~277~~286.8233 1211,~~016~~978.1699 0.00 II-B-3 0.00 1,366,~~688~~192.7194 65,~~008~~989.3072 0.00 II-B-4 0.00 ~~854~~853,~~155~~845.5570 3,~~755~~743.0747 0.00 II-B-5 0.00 512,~~533~~347.1724 2,~~253~~246.2225 0.00 II-B-6 0.00 512,~~549~~363.1017 2,~~253~~246.2932 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 Totals 0.00 ~~583~~564,~~306~~017,~~283~~081.8731 3221,~~584~~775,~~116~~124.3254 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 75,000,000.00 2827,~~847~~137,~~838~~886.5214 2927,~~137~~763.3460 1727,~~680,815~~095.0454 0.00 0.00 I-A-2 237,500,000.00 0.00 0.00 0.00 0.00 0.00 I-A-3 90,000,000.00 0.00 0.00 0.00 0.00 0.00 I-A-4 165,500,000.00 0.00 0.00 0.00 0.00 0.00 I-A-5 230,500,000.00 ~~168~~148,~~801~~249,~~724~~975.8991 ~~350~~333,~~198~~687.8493 208,~~201~~738,~~550~~889.1450 0.00 0.00 I-A-6 66,000,000.00 66,000,000.00 0.00 0.00 0.00 0.00 I-A-7 111,917,600.00 111,917,600.00 0.00 0.00 0.00 0.00 I-X-1 0.00 0.00 0.00 0.00 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 0.00 I-B-1 10,536,900.00 9,~~868~~580,~~581~~513.4143 9,~~967~~801.6241 ~~278~~124,~~100~~019.3674 0.00 0.00 I-B-2 8,028,100.00 7,~~518~~299,~~905~~425.7982 7,~~594~~467.3673 ~~211~~94,~~885~~491.6106 0.00 0.00 I-B-3 3,512,300.00 3,~~289~~193,~~527~~504.1448 3,~~322~~267.5414 9241,~~700~~339.1291 0.00 0.00 I-B-4 2,007,000.00 1,~~879~~824,~~703~~833.0372 1,~~898~~866.5791 5223,~~970~~622.7447 0.00 0.00 I-B-5 1,505,300.00 1,~~409~~368,~~824~~670.1075 1,~~423~~400.9723 3917,~~729~~717.3844 0.00 0.00 I-B-6 1,505,269.00 1,~~409~~368,~~795~~642.0757 1,~~423~~400.9420 3917,~~728~~717.5608 0.00 0.00 II-A-1 300,000,000.00 ~~179~~173,~~726~~322,~~121~~193.6756 6662,~~490~~872.1370 68,~~337~~324,~~437~~649.9752 0.00 0.00 II-A-2 25,893,300.00 1514,~~512~~959,~~341~~611.2985 5,~~738~~426.8361 ~~546~~718,~~990~~508.6182 0.00 0.00 II-A-3 7,203,900.00 7,~~177~~174,~~621~~966.7234 2,~~655~~602.3872 0.00 0.00 0.00 II-X-1 0.00 0.00 0.00 0.00 0.00 0.00 II-B-1 3,945,100.00 3,~~930~~929,~~709~~254.1295 1,~~454~~425.1834 0.00 0.00 0.00 II-B-2 2,744,300.00 2,~~734~~733,~~289~~277.3882 ~~1,011~~991.5650 0.00 0.00 0.00 II-B-3 1,372,200.00 1,~~367~~366,~~194~~688.5171 ~~505~~495.8077 0.00 0.00 0.00 II-B-4 857,600.00 854,~~471~~155.6655 ~~316~~309.1185 0.00 0.00 0.00 II-B-5 514,600.00 512,~~722~~533.8517 ~~189~~185.6892 0.00 0.00 0.00 II-B-6 514,616.00 512,~~738~~549.7910 ~~189~~185.6993 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 Totals 1,346,558,235.00 ~~613~~583,~~271~~306,~~710~~283.9487 ~~483~~461,~~518~~151.5449 2918,~~481~~828,~~908~~051.5308 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 1754,~~709,952~~859.3813 2726,~~137~~383,~~886~~027.1401 0.~~36183848~~35177369 1754,~~709,952~~859.3813 I-A-2 0.00 0.00 0.00000000 0.00 I-A-3 0.00 0.00 0.00000000 0.00 I-A-4 0.00 0.00 0.00000000 0.00 I-A-5 209,~~551~~072,~~748~~577.9843 ~~148~~139,~~249~~177,~~975~~398.9148 0.~~64316692~~60380650 209,~~551~~072,~~748~~577.9843 I-A-6 0.00 66,000,000.00 1.00000000 0.00 I-A-7 0.00 111,917,600.00 1.00000000 0.00 I-X-1 0.00 0.00 0.00000000 0.00 I-X-2 0.00 0.00 0.00000000 0.00 I-B-1 ~~288~~133,~~067~~821.9815 9,~~580~~446,~~513~~692.4328 0.~~90923454~~89653430 ~~288~~133,~~067~~821.9815 I-B-2 ~~219~~101,~~479~~958.9779 7,~~299~~197,~~425~~467.8203 0.~~90923454~~89653430 ~~219~~101,~~479~~958.9779 I-B-3 9644,~~022~~607.6605 3,~~193~~148,~~504~~897.4843 0.~~90923454~~89653430 9644,~~022~~607.6605 I-B-4 5425,~~869~~489.3138 1,~~824~~799,~~833~~344.7234 0.~~90923454~~89653430 5425,~~869~~489.3138 I-B-5 4119,~~153~~117.3567 1,~~368~~349,~~670~~553.7508 0.~~90923454~~89653430 4119,~~153~~117.3567 I-B-6 4119,~~152~~117.5028 1,~~368~~349,~~642~~525.5729 0.~~90923454~~89653430 4119,~~152~~117.5028 II-A-1 68,~~403~~387,~~928~~522.1122 ~~173~~164,~~322~~934,~~193~~671.5634 0.~~57774065~~54978224 68,~~403~~387,~~928~~522.1122 II-A-2 ~~552~~723,~~729~~935.4443 14,~~959~~235,~~611~~676.8542 0.~~57774065~~54978224 ~~552~~723,~~729~~935.4443 II-A-3 2,~~655~~602.3872 7,~~174~~172,~~966~~363.3462 0.~~99598361~~99562232 2,~~655~~602.3872 II-X-1 0.00 0.00 0.00000000 0.00 II-B-1 1,~~454~~425.1834 3,~~929~~927,~~254~~829.9561 0.~~99598361~~99562232 1,~~454~~425.1834 II-B-2 ~~1,011~~991.5650 2,~~733~~732,~~277~~286.8233 0.~~99598361~~99562232 ~~1,011~~991.5650 II-B-3 ~~505~~495.8077 1,366,~~688~~192.7194 0.~~99598361~~99562231 ~~505~~495.8077 II-B-4 ~~316~~309.1185 ~~854~~853,~~155~~845.5570 0.~~99598362~~99562232 ~~316~~309.1185 II-B-5 ~~189~~185.6892 512,~~533~~347.1724 0.~~99598362~~99562231 ~~189~~185.6892 II-B-6 ~~189~~185.6993 512,~~549~~363.1017 0.~~99598361~~99562231 ~~189~~185.6993 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 Totals 2919,~~965~~289,~~427~~202.0856 ~~583~~564,~~306~~017,~~283~~081.8731 0.~~43318311~~41885829 2919,~~965~~289,~~427~~202.0856

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 75,000,000.00 ~~384~~361.~~63784693~~83848187 0.~~38849787~~37018133 229.~~41086720~~69460720 0.00000000 I-A-2 237,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 90,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 165,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 230,500,000.00 ~~732~~643.~~32852447~~16692369 1.~~51930082~~44766998 8737.~~64229996~~91275271 0.00000000 I-A-6 66,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-7 111,917,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 10,536,900.00 ~~936~~909.~~57350929~~23454052 0.~~94597272~~93019864 2611.~~39299604~~77004052 0.00000000 I-B-2 8,028,100.00 ~~936~~909.~~57350930~~23454117 0.~~94597227~~93019893 2611.~~39299585~~77004023 0.00000000 I-B-3 3,512,300.00 ~~936~~909.~~57351024~~23454147 0.~~94597272~~93019958 2611.~~39299604~~77003958 0.00000000 I-B-4 2,007,000.00 ~~936~~909.~~57350772~~23453911 0.~~94597409~~93019930 2611.~~39299452~~77003986 0.00000000 I-B-5 1,505,300.00 ~~936~~909.~~57350694~~23453797 0.~~94597090~~93019996 2611.~~39299807~~77003919 0.00000000 I-B-6 1,505,269.00 ~~936~~909.~~57350945~~23454213 0.~~94597045~~93019919 2611.~~39299687~~77004243 0.00000000 II-A-1 300,000,000.00 ~~599~~577.~~08707223~~74064520 0.~~22163377~~20957567 2127.~~12479323~~74883173 0.00000000 II-A-2 25,893,300.00 ~~599~~577.~~08707233~~74064526 0.~~22163378~~20957584 2127.~~12479329~~74883155 0.00000000 II-A-3 7,203,900.00 ~~996~~995.~~35221477~~98361165 0.~~36860312~~36129319 0.00000000 0.00000000 II-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 3,945,100.00 ~~996~~995.~~35221414~~98361258 0.~~36860409~~36129376 0.00000000 0.00000000 II-B-2 2,744,300.00 ~~996~~995.~~35221368~~98360966 0.~~36860402~~36129432 0.00000000 0.00000000 II-B-3 1,372,200.00 ~~996~~995.~~35221542~~98361026 0.~~36860516~~36129573 0.00000000 0.00000000 II-B-4 857,600.00 ~~996~~995.~~35221549~~98361707 0.~~36859841~~36129897 0.00000000 0.00000000 II-B-5 514,600.00 ~~996~~995.~~35221531~~98361834 0.~~36859697~~36129032 0.00000000 0.00000000 II-B-6 514,616.00 ~~996~~995.~~35221213~~98360719 0.~~36860494~~36129852 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 2210.~~79936507~~06478840 ~~361~~351.~~83848187~~77369347 0.~~36183848~~35177369 2210.~~79936507~~06478840 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 0.00000000 8939.~~16160078~~36042269 ~~643~~603.~~16692369~~80650100 0.~~64316692~~60380650 8939.~~16160078~~36042269 I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 2712.~~33896877~~70023916 ~~909~~896.~~23454052~~53430136 0.~~90923454~~89653430 2712.~~33896877~~70023916 I-B-2 0.00000000 2712.~~33896812~~70023916 ~~909~~896.~~23454117~~53430201 0.~~90923454~~89653430 2712.~~33896812~~70023916 I-B-3 0.00000000 2712.~~33896877~~70023916 ~~909~~896.~~23454147~~53430231 0.~~90923454~~89653430 2712.~~33896877~~70023916 I-B-4 0.00000000 2712.~~33896861~~70023916 ~~909~~896.~~23453911~~53429995 0.~~90923454~~89653430 2712.~~33896861~~70023916 I-B-5 0.00000000 2712.~~33896898~~70023915 ~~909~~896.~~23453797~~53429881 0.~~90923454~~89653430 2712.~~33896898~~70023915 I-B-6 0.00000000 2712.~~33896732~~70024162 ~~909~~896.~~23454213~~53430051 0.~~90923454~~89653430 2712.~~33896732~~70024162 II-A-1 0.00000000 2127.~~34642703~~95840740 ~~577~~549.~~74064520~~78223780 0.~~57774065~~54978224 2127.~~34642703~~95840740 II-A-2 0.00000000 2127.~~34642707~~95840739 ~~577~~549.~~74064526~~78223788 0.~~57774065~~54978224 2127.~~34642707~~95840739 II-A-3 0.00000000 0.~~36860312~~36129319 995.~~98361165~~62231847 0.~~99598361~~99562232 0.~~36860312~~36129319 II-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 0.00000000 0.~~36860409~~36129376 995.~~98361258~~62231883 0.~~99598361~~99562232 0.~~36860409~~36129376 II-B-2 0.00000000 0.~~36860402~~36129432 995.~~98360966~~62231899 0.~~99598361~~99562232 0.~~36860402~~36129432 II-B-3 0.00000000 0.~~36860516~~36129573 995.~~98361026~~62231453 0.~~99598361~~99562231 0.~~36860516~~36129573 II-B-4 0.00000000 0.~~36859841~~36129897 995.~~98361707~~62231810 0.~~99598362~~99562232 0.~~36859841~~36129897 II-B-5 0.00000000 0.~~36859697~~36129032 995.~~98361834~~62230859 0.~~99598362~~99562231 0.~~36859697~~36129032 II-B-6 0.00000000 0.~~36860494~~36129852 995.~~98360719~~62230867 0.~~99598361~~99562231 0.~~36860494~~36129852 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 (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-1 75,000,000.00 4.~~79896~~79085% 2827,~~847~~137,~~838~~886.5214 ~~115~~108,~~366~~344.4170 0.00 0.00 I-A-2 237,500,000.00 1.96700% 0.00 0.00 0.00 0.00 I-A-3 90,000,000.00 3.13100% 0.00 0.00 0.00 0.00 I-A-4 165,500,000.00 3.54500% 0.00 0.00 0.00 0.00 I-A-5 230,500,000.00 4.33400% ~~168~~148,~~801~~249,~~724~~975.8991 ~~609~~535,~~655~~429.5650 0.00 0.00 I-A-6 66,000,000.00 4.93500% 66,000,000.00 271,425.00 0.00 0.00 I-A-7 111,917,600.00 5.~~03596~~02785% 111,917,600.00 ~~469~~468,~~677~~921.3611 0.00 0.00 I-X-1 0.00 0.48100% 2827,~~847~~137,~~838~~886.5214 1110,~~563~~877.1877 0.00 0.00 I-X-2 0.00 0.~~60497~~57816% ~~346~~326,~~719~~167,~~324~~575.8991 ~~174~~157,~~796~~147.2655 0.00 0.00 I-B-1 10,536,900.00 5.~~27996~~27185% 9,~~868~~580,~~581~~513.41 43 42,~~421~~089.4522 0.00 0.00 I-B-2 8,028,100.00 5.~~27996~~27185% 7,~~518~~299,~~905~~425.7982 3332,~~082~~067.9592 0.00 0.00 I-B-3 3,512,300.00 5.~~27996~~27185% 3,~~289~~193,~~527~~504.1448 14,~~473~~029.8274 0.00 0.00 I-B-4 2,007,000.00 5.~~27996~~27185% 1,~~879~~824,~~703~~833.0372 8,~~270~~016.6388 0.00 0.00 I-B-5 1,505,300.00 5.~~27996~~27185% 1,~~409~~368,~~824~~670.1075 6,~~203~~012.1886 0.00 0.00 I-B-6 1,505,269.00 5.~~27996~~27185% 1,~~409~~368,~~795~~642.0757 6,~~203~~012.0574 0.00 0.00 II-A-1 300,000,000.00 4.~~10760~~10188% ~~179~~173,~~726~~322,~~121~~193.6756 ~~615~~592,~~202~~455.6211 0.00 0.00 II-A-2 25,893,300.00 4.~~82960~~82388% 1514,~~512~~959,~~341~~611.2985 6260,~~432~~136.0109 0.00 0.00 II-A-3 7,203,900.00 4.~~82960~~82388% 7,~~177~~174,~~621~~966.7234 28,~~887~~842.5462 0.00 0.00 II-X-1 0.00 0.72200% ~~179~~173,~~726~~322,~~121~~193.6756 ~~108~~104,~~135~~282.2219 0.00 0.00 II-B-1 3,945,100.00 4.~~82960~~82388% 3,~~930~~929,~~709~~254.1295 15,~~819~~795.8020 0.00 0.00 II-B-2 2,744,300.00 4.~~82960~~82388% 2,~~734~~733,~~289~~277.3882 1110,~~004~~987.6049 0.00 0.00 II-B-3 1,372,200.00 4.~~82960~~82388% 1,~~367~~366,~~194~~688.5171 5,~~502~~493.5095 0.00 0.00 II-B-4 857,600.00 4.~~82960~~82388% 854,~~471~~155.6655 3,~~438~~433.9662 0.00 0.00 II-B-5 514,600.00 4.~~82960~~82388% 512,~~722~~533.8517 2,~~063~~060.5433 0.00 0.00 II-B-6 514,616.00 4.~~82960~~82388% 512,~~738~~549.7910 2,~~063~~060.6039 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~85930~~85706% 0.00 0.00 0.00 0.00 R-III 50.00 4.~~85930~~85706% 0.00 0.00 0.00 0.00 Totals 1,346,558,235.00 2,~~618~~485,~~689~~921.2498 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 ~~115~~108,~~366~~344.4170 0.00 2726,~~137~~383,~~886~~027.1401 I-A-2 0.00 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 0.00 0.00 0.00 I-A-5 0.00 0.00 ~~609~~535,~~655~~429.5650 0.00 ~~148~~139,~~249~~177,~~975~~398.9148 I-A-6 0.00 0.00 271,425.00 0.00 66,000,000.00 I-A-7 0.00 0.00 ~~469~~468,~~677~~921.3611 0.00 111,917,600.00 I-X-1 0.00 0.00 1110,~~563~~877.1877 0.00 2726,~~137~~383,~~886~~027.1401 I-X-2 0.00 0.00 ~~174~~157,~~796~~147.2655 0.00 ~~326~~317,~~167~~094,~~575~~998.9148 I-B-1 0.00 0.00 4342,~~421~~089.4522 0.00 9,~~580~~446,~~513~~692.4328 I-B-2 0.00 0.00 3332,~~082~~067.9592 0.00 7,~~299~~197,~~425~~467.8203 I-B-3 0.00 0.00 14,~~473~~029.8274 0.00 3,~~193~~148,~~504~~897.4843 I-B-4 0.00 0.00 8,~~270~~016.6388 0.00 1,~~824~~799,~~833~~344.7234 I-B-5 0.00 0.00 6,~~203~~012.1886 0.00 1,~~368~~349,~~670~~553.7508 I-B-6 0.00 0.00 6,~~203~~012.0574 0.00 1,~~368~~349,~~642~~525.5729 II-A-1 0.00 0.00 ~~615~~592,~~202~~455.6211 0.00 ~~173~~164,~~322~~934,~~193~~671.5634 II-A-2 0.00 0.00 6260,~~432~~136.0109 0.00 14,~~959~~235,~~611~~676.8542 II-A-3 0.00 0.00 28,~~887~~842.5462 0.00 7,~~174~~172,~~966~~363.3462 II-X-1 0.00 0.00 ~~108~~104,~~135~~282.2219 0.00 ~~173~~164,~~322~~934,~~193~~671.5634 II-B-1 0.00 0.00 15,~~819~~795.8020 0.00 3,~~929~~927,~~254~~829.9561 II-B-2 0.00 0.00 1110,~~004~~987.6049 0.00 2,~~733~~732,~~277~~286.8233 II-B-3 0.00 0.00 5,~~502~~493.5095 0.00 1,366,~~688~~192.7194 II-B-4 0.00 0.00 3,~~438~~433.9662 0.00 ~~854~~853,~~155~~845.5570 II-B-5 0.00 0.00 2,~~063~~060.5433 0.00 512,~~533~~347.1724 II-B-6 0.00 0.00 2,~~063~~060.6039 0.00 512,~~549~~363.1017 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 Totals 0.00 0.00 2,~~618~~485,~~689~~921.2498 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-1 75,000,000.00 4.~~79896~~79085% ~~384~~361.~~63784693~~83848187 1.~~53821880~~44459600 0.00000000 0.00000000 I-A-2 237,500,000.00 1.96700% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 90,000,000.00 3.13100% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 165,500,000.00 3.54500% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 230,500,000.00 4.33400% ~~732~~643.~~32852447~~16692369 2.~~64492651~~32290456 0.00000000 0.00000000 I-A-6 66,000,000.00 4.93500% 1000.00000000 4.11250000 0.00000000 0.00000000 I-A-7 111,917,600.00 5.~~03596~~02785% 1000.00000000 4.~~19663538~~18987818 0.00000000 0.00000000 I-X-1 0.00 0.48100% ~~384~~361.~~63784693~~83848187 0.~~15417573~~14503693 0.00000000 0.00000000 I-X-2 0.00 0.~~60497~~57816% ~~384~~361.~~63784698~~83848186 0.~~19391263~~17433379 0.00000000 0.00000000 I-B-1 10,536,900.00 5.~~27996~~27185% ~~936~~909.~~57350929~~23454052 43.~~12089419~~99445947 0.00000000 0.00000000 I-B-2 8,028,100.00 5.~~27996~~27185% ~~936~~909.~~57350930~~23454117 43.~~12089411~~99445946 0.00000000 0.00000000 I-B-3 3,512,300.00 5.~~27996~~27185% ~~936~~909.~~57351024~~23454147 43.~~12089514~~99445947 0.00000000 0.00000000 I-B-4 2,007,000.00 5.~~27996~~27185% ~~936~~909.~~57350772~~23453911 43.~~12089188~~99445939 0.00000000 0.00000000 I-B-5 1,505,300.00 5.~~27996~~27185% ~~936~~909.~~57350694~~23453797 43.~~12089285~~99445958 0.00000000 0.00000000 I-B-6 1,505,269.00 5.~~27996~~27185% ~~936~~909.~~57350945~~23454213 43.~~12089135~~99446212 0.00000000 0.00000000 II-A-1 300,000,000.00 4.~~10760~~10188% ~~599~~577.~~08707223~~74064520 21.~~05067540~~97485037 0.00000000 0.00000000 II-A-2 25,893,300.00 4.~~82960~~82388% ~~599~~577.~~08707233~~74064526 2.~~41112604~~32245755 0.00000000 0.00000000 II-A-3 7,203,900.00 4.~~82960~~82388% ~~996~~995.~~35221477~~98361165 4.~~00998626~~00375075 0.00000000 0.00000000 II-X-1 0.00 0.72200% ~~599~~577.~~08707223~~74064520 0.~~36045073~~34760730 0.00000000 0.00000000 II-B-1 3,945,100.00 4.~~82960~~82388% ~~996~~995.~~35221414~~98361258 4.~~00998707~~00375149 0.00000000 0.00000000 II-B-2 2,744,300.00 4.~~82960~~82388% ~~996~~995.~~35221368~~98360966 4.~~00998433~~00374959 0.00000000 0.00000000 II-B-3 1,372,200.00 4.~~82960~~82388% ~~996~~995.~~35221542~~98361026 4.~~00998397~~00375310 0.00000000 0.00000000 II-B-4 857,600.00 4.~~82960~~82388% ~~996~~995.~~35221549~~98361707 4.~~00998134~~00375466 0.00000000 0.00000000 II-B-5 514,600.00 4.~~82960~~82388% ~~996~~995.~~35221531~~98361834 4.~~00998834~~00375049 0.00000000 0.00000000 II-B-6 514,616.00 4.~~82960~~82388% ~~996~~995.~~35221213~~98360719 4.~~00998026~~00374260 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~85930~~85706% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.~~85930~~85706% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 1.~~53821880~~44459600 0.00000000 ~~361~~351.~~83848187~~77369347 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 0.00000000 0.00000000 2.~~64492651~~32290456 0.00000000 ~~643~~603.~~16692369~~80650100 I-A-6 0.00000000 0.00000000 4.11250000 0.00000000 1000.00000000 I-A-7 0.00000000 0.00000000 4.~~19663538~~18987818 0.00000000 1000.00000000 I-X-1 0.00000000 0.00000000 0.~~15417573~~14503693 0.00000000 ~~361~~351.~~83848187~~77369347 I-X-2 0.00000000 0.00000000 0.~~19391263~~17433379 0.00000000 ~~361~~351.~~83848186~~77369344 I-B-1 0.00000000 0.00000000 43.~~12089419~~99445947 0.00000000 ~~909~~896.~~23454052~~53430136 I-B-2 0.00000000 0.00000000 43.~~12089411~~99445946 0.00000000 ~~909~~896.~~23454117~~53430201 I-B-3 0.00000000 0.00000000 43.~~12089514~~99445947 0.00000000 ~~909~~896.~~23454147~~53430231 I-B-4 0.00000000 0.00000000 43.~~12089188~~99445939 0.00000000 ~~909~~896.~~23453911~~53429995 I-B-5 0.00000000 0.00000000 43.~~12089285~~99445958 0.00000000 ~~909~~896.~~23453797~~53429881 I-B-6 0.00000000 0.00000000 43.~~12089135~~99446212 0.00000000 ~~909~~896.~~23454213~~53430051 II-A-1 0.00000000 0.00000000 21.~~05067540~~97485037 0.00000000 ~~577~~549.~~74064520~~78223780 II-A-2 0.00000000 0.00000000 2.~~41112604~~32245755 0.00000000 ~~577~~549.~~74064526~~78223788 II-A-3 0.00000000 0.00000000 4.~~00998626~~00375075 0.00000000 995.~~98361165~~62231847 II-X-1 0.00000000 0.00000000 0.~~36045073~~34760730 0.00000000 ~~577~~549.~~74064520~~78223780 II-B-1 0.00000000 0.00000000 4.~~00998707~~00375149 0.00000000 995.~~98361258~~62231883 II-B-2 0.00000000 0.00000000 4.~~00998433~~00374959 0.00000000 995.~~98360966~~62231899 II-B-3 0.00000000 0.00000000 4.~~00998397~~00375310 0.00000000 995.~~98361026~~62231453 II-B-4 0.00000000 0.00000000 4.~~00998134~~00375466 0.00000000 995.~~98361707~~62231810 II-B-5 0.00000000 0.00000000 4.~~00998834~~00375049 0.00000000 995.~~98361834~~62230859 II-B-6 0.00000000 0.00000000 4.~~00998026~~00374260 0.00000000 995.~~98360719~~62230867 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 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage I-X-2-1 3.~~38855~~38858% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-2 2.~~22455~~22458% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-3 1.~~81055~~81058% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-4 0.~~94596~~93785% ~~168,801,724.89~~ 148,249,975.91 139,177,398.48 0.00 0.00 6460.~~31669237~~38065010% I-X-2-5 0.~~34496~~33685% 66,000,000.00 66,000,000.00 0.00 0.00 100.00000000% I-X-2-6 0.24400% 111,917,600.00 111,917,600.00 0.00 0.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3221,~~785~~953,~~106~~659.5628 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1932,~~748~~310.1016 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3221,~~804~~985,~~854~~969.6644 Withdrawals Reimbursement for Servicer Advances 19,~~978~~748.5210 Payment of Service Fee ~~200~~191,~~759~~096.8280 Payment of Interest and Principal 3221,~~584~~775,~~116~~124.3254 Total Withdrawals (Pool Distribution Amount) 3221,~~804~~985,~~854~~969.6644 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~200~~191,~~759~~096.8280 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~200~~191,~~759~~096.8280

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 710 0 0 0 710 35,~~811~~383,~~927~~546.3534 0.00 0.00 0.00 35,~~811~~383,~~927~~546.3534 60 Days 01 0 0 0 01 0448,894.0096 0.00 0.00 0.00 0448,894.0096 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 711 0 0 0 711 35,~~811~~832,~~927~~441.3530 0.00 0.00 0.00 35,~~811~~832,~~927~~441.3530 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 0.~~609225~~896861% 0.000000% 0.000000% 0.000000% 0.~~609225~~896861% 0.~~653089~~953852% 0.000000% 0.000000% 0.000000% 0.~~653089~~953852% 60 Days 0.~~000000~~089686% 0.000000% 0.000000% 0.000000% 0.~~000000~~089686% 0.~~000000~~079535% 0.000000% 0.000000% 0.000000% 0.~~000000~~079535% 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.~~609225~~986547% 0.000000% 0.000000% 0.000000% 0.~~609225~~986547% 01.~~653089~~033387% 0.000000% 0.000000% 0.000000% 01.~~653089~~033387%

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 610 0 0 0 610 25,~~949~~383,~~469~~546.2334 0.00 0.00 0.00 25,~~949~~383,~~469~~546.2334 60 Days 01 0 0 0 01 0448,894.0096 0.00 0.00 0.00 0448,894.0096 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 611 0 0 0 611 25,~~949~~832,~~469~~441.2330 0.00 0.00 0.00 25,~~949~~832,~~469~~441.2330 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~753769~~288660% 0.000000% 0.000000% 0.000000% 01.~~753769~~288660% 01.~~779765~~462550% 0.000000% 0.000000% 0.000000% 01.~~779765~~462550% 60 Days 0.~~000000~~128866% 0.000000% 0.000000% 0.000000% 0.~~000000~~128866% 0.~~000000~~121951% 0.000000% 0.000000% 0.000000% 0.~~000000~~121951% 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.~~753769~~417526% 0.000000% 0.000000% 0.000000% 01.~~753769~~417526% 01.~~779765~~584502% 0.000000% 0.000000% 0.000000% 01.~~779765~~584502% 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 10 0 0 0 10 ~~862,458~~0.1200 0.00 0.00 0.00 ~~862,458~~0.1200 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 ~~862,458~~0.1200 0.00 0.00 0.00 ~~862,458~~0.1200 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~283286~~000000% 0.000000% 0.000000% 0.000000% 0.~~283286~~000000% 0.~~419840~~000000% 0.000000% 0.000000% 0.000000% 0.~~419840~~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.~~283286~~000000% 0.000000% 0.000000% 0.000000% 0.~~283286~~000000% 0.~~419840~~000000% 0.000000% 0.000000% 0.000000% 0.~~419840~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1932,~~748~~310.1016

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~516868~~507265% Weighted Average Net Coupon 5.~~124037~~114134% Weighted Average Pass-Through Rate 5.~~124037~~114134% Weighted Average Maturity(Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count 1,~~208~~149 Number Of Loans Paid In Full 5934 Ending Scheduled Collateral Loan Count 1,~~149~~115 Beginning Scheduled Collateral Balance ~~613~~583,~~271~~306,~~711~~284.6760 Ending Scheduled Collateral Balance ~~583~~564,~~306~~017,~~284~~082.6005 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2003 ~~583~~564,~~676~~400,~~184~~462.0191 Monthly P &I Constant 3,~~302~~138,~~967~~170.6426 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~583~~564,~~306~~017,~~284~~082.6005 Scheduled Principal ~~483~~461,~~518~~151.5447 Unscheduled Principal 2918,~~481~~828,~~908~~051.5308

Miscellaneous Reporting Senior Percentage Group 1 93.~~670845~~481631% Senior Prepayment Percentage Group 1 96.~~835422~~740815% Subordinate Percentage Group 1 6.~~329155~~518369% Subordinate Prepayment Percent Group 1 3.~~164578~~259185% Average Loss Severity Group 1 0 Senior Percentage Group 2 91.~~951259~~681442% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 8.~~048741~~318558% Subordinate Prepayment Percent Group 2 0.000000% Average Loss Severity Group 2 0 Diverted Amount 0.00

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~654962~~646854 5.~~256101~~250376 5.~~516868~~507265 Weighted Average Net Rate 5.~~279963~~271854 4.~~829601~~823876 5.~~124037~~114134 Weighted Average Maturity ~~347~~346 ~~349~~ 348 347 Beginning Loan Count ~~842~~796 ~~366~~353 1,~~208~~149 Loans Paid In Full 4620 1314 5934 Ending Loan Count ~~796~~776 ~~353~~339 1,~~149~~115 Beginning Scheduled Balance ~~400~~377,~~943~~941,~~500~~052.0289 ~~212~~205,~~328~~365,~~211~~231.6571 ~~613~~583,~~271~~306,~~711~~284.6760 Ending scheduled Balance ~~377~~367,~~941~~769,~~052~~505.8901 ~~205~~196,~~365~~247,~~231~~577.7104 ~~583~~564,~~306~~017,~~284~~082.6005 Record Date 1011/3130/2003 1011/3130/2003 1011/3130/2003 Principal And Interest Constant 2,~~294~~165,~~400~~136.8971 1973,~~008,566~~033.7555 3,~~302~~138,~~967~~170.6426 Scheduled Principal ~~404~~386,~~967~~655.1814 7874,~~551~~496.3633 ~~483~~461,~~518~~151.5447 Unscheduled Principal 229,~~597~~784,~~479~~892.9574 69,~~884~~043,~~428~~158.5834 2918,~~481~~828,~~908~~051.5308 Scheduled Interest 1,~~889~~778,~~433~~481.7157 ~~930~~898,~~015~~537.3922 2,~~819~~677,~~449~~018.1079 Servicing Fees ~~125~~118,~~294~~106.8458 7572,~~464~~990.9822 ~~200~~191,~~759~~096.8280 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 1,~~764~~660,~~138~~374.8799 ~~854~~825,~~550~~547.4100 2,~~618~~485,~~689~~921.2899 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 5.~~279962~~271854 4.~~829601~~823876 5.~~124037~~114134

Filing Compare · STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-12