8-K 1 bst03007.txt MARCH 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): March 25, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-02 54-2126373 Pooling and Servicing Agreement) (Commission 54-2126374 (State or other File Number) 54-2126375 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, 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 March 25, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-7 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 2003-7 Trust, relating to the March 25, 2004 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 2003-7 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the March 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 BST Series: 2003-7 Contact: Customer Service - CTSLink Wells Fargo Bank ~~Minnesota~~, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MYQ9 SEN 3.~~82042~~78307% 3533,~~918~~385,~~907~~742.3546 ~~114~~105,~~354~~250.5351 381,~~977~~777,270.8642 I-X 07384MZM7 SEN 0.22900% 0.00 6,~~854~~371.5211 0.00 II-A 07384MYR7 SEN 4.~~63219~~62587% ~~126~~123,~~569~~329,~~262~~764.6892 ~~488~~475,~~577~~422.5984 ~~861~~1,~~878~~841,148.0709 III-A 07384MYS5 SEN 4.~~93776~~93651% 4543,~~988~~758,~~883~~631.9554 ~~189~~180,~~235~~012.2153 ~~530~~520,~~606~~900.4609 IV-A 07384MYT3 SEN 4.~~99435~~98998% ~~241~~238,~~901~~715,~~160~~931.6612 1992,~~006,781~~657.6222 ~~904~~2,~~901~~302,928.7135 IV-AM 07384MYU0 SEN 4.~~99435~~98998% 44,~~847~~771,~~221~~721.9665 186,~~652~~175.1014 2425,~~999~~554.2317 V-A 07384MYV8 SEN 3.~~89036~~89080% 53,~~297~~084,~~278~~292.3862 172,~~787~~116.9490 70424,~~771~~071.5609 V-X 07384MZP0 SEN 0.03700% 0.00 1,~~643~~636.3377 0.00 VI-A 07384MYW6 SEN 4.~~80608~~79427% ~~274~~266,~~042~~341,~~852~~829.8182 1,~~097~~064,~~559~~095.2736 34,~~073~~715,~~873~~543.3086 VII-A 07384MYX4 SEN 4.~~90614~~90619% 4847,~~083~~369,~~350~~994.7587 ~~196~~193,~~586~~671.2676 90870,~~606~~668.6245 VIII-A 07384MYY2 SEN 4.~~83042~~83160% 39,~~627~~443,~~057~~359.8756 ~~159~~158,~~512~~812.7409 ~~162~~352,~~224~~894.5739 IX-A 07384MYZ9 SEN 4.~~87046~~86339% ~~202~~198,~~725~~248,~~969~~271.8462 ~~822~~803,~~806~~465.4517 14,~~596~~319,~~778~~067.9477 B-1 07384MZC9 SUB 4.~~79014~~78303% 15,~~142~~085,~~094~~379.2370 60,~~443~~128.9820 408,~~742~~007.1246 B-2 07384MZD7 SUB 4.~~79014~~78303% 9,~~318~~283,~~096~~195.5775 37,~~195~~001.8451 254,~~071~~927.7661 B-3 07384MZE5 SUB 4.~~79014~~78303% 5,~~241~~221,~~398~~766.1051 20,~~922~~813.5323 142,~~102~~771.7876 B-4 07384MZF2 SUB 4.~~79014~~78303% 2,~~912~~901,~~098~~191.7350 11,~~624~~563.4774 71,~~835~~539.4598 B-5 07384MZG0 SUB 4.~~79014~~78303% 2,~~329~~320,~~499~~774.1706 9,~~298~~250.8628 61,~~267~~231.8789 B-6 07384MZH8 SUB 4.~~79014~~78303% 2,~~912~~901,~~386~~477.2695 11,~~625~~564.6288 71,~~836~~540.2213 R-I 07384MZA3 SEN 3.~~93275~~93071% 0.00 0.00 0.00 R-II 07384MZB1 SEN 3.~~93275~~93071% 0.00 0.00 0.00 R-III 07384MZN5 SEN 3.~~93275~~93071% 0.00 0.00 0.00 Totals 1,~~150~~126,~~857~~163,~~519~~325.3165 4,~~594~~490,~~462~~009.8624 717,~~457~~170,~~474~~065.5251

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 3531,~~879~~608,~~929~~472.4905 ~~153~~1,~~332~~882,520.3993 0.00 I-X 0.00 0.00 6,~~854~~371.5211 0.00 II-A 0.00 ~~125~~121,~~707~~488,~~384~~616.6284 12,~~350~~316,~~455~~570.6693 0.00 III-A 0.00 4543,~~458~~237,~~277~~731.4945 ~~719~~700,~~841~~912.6762 0.00 IV-A 0.00 ~~240~~236,~~996~~413,~~258~~002.9577 13,~~911~~295,~~683~~585.3357 0.00 IV-AM 0.00 44,~~822~~746,~~222~~167.7348 211,~~651~~729.3331 0.00 V-A 0.00 5352,~~226~~660,~~506~~221.8253 ~~243~~596,~~559~~187.5099 0.00 V-X 0.00 0.00 1,~~643~~636.3377 0.00 VI-A 0.00 ~~270~~261,~~968~~626,~~979~~285.5196 45,~~171~~779,~~432~~639.5722 0.00 VII-A 0.00 4746,~~992~~499,~~744~~326.1441 ~~287~~1,~~192~~064,340.8821 0.00 VIII-A 0.00 39,~~464~~090,~~833~~465.3017 ~~321~~511,~~737~~706.3148 0.00 IX-A 0.00 ~~201~~193,~~129~~929,~~190~~203.9085 25,~~419~~122,~~585~~532.3994 0.00 B-1 0.00 15,~~101~~077,~~352~~372.1225 ~~101~~68,~~186~~135.1066 0.00 B-2 0.00 9,~~293~~278,~~024~~268.8115 6241,~~267~~929.6012 0.00 B-3 0.00 5,~~227~~218,~~295~~994.3275 3523,~~025~~584.3199 0.00 B-4 0.00 2,~~904~~899,~~263~~651.2852 1913,~~459~~103.9272 0.00 B-5 0.00 2,~~323~~319,~~231~~542.3017 1510,~~566~~482.7317 0.00 B-6 0.00 2,~~904~~899,~~550~~937.0482 1913,~~461~~105.8401 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 1,~~143~~108,~~400~~993,~~044~~260.8217 1221,~~051~~660,~~937~~074.3875 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 36,003,600.00 3533,~~918~~385,~~907~~742.3546 3835,~~465~~826.3750 ~~512~~1,741,443.4992 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 127,843,400.00 ~~126~~123,~~569~~329,~~262~~764.6892 ~~350~~4,~~551~~753.9735 ~~511~~1,~~326~~836,394.1074 0.00 0.00 III-A 46,454,700.00 4543,~~988~~758,~~883~~631.9554 2322,~~802~~366.3234 ~~506~~498,~~804~~533.1475 0.00 0.00 IV-A 244,681,900.00 ~~241~~238,~~901~~715,~~160~~931.6612 ~~155~~160,~~545~~029.2932 ~~749~~2,~~356~~142,899.4203 0.00 0.00 IV-AM 44,895,700.00 44,~~847~~771,~~221~~721.9665 41,~~297~~775.1775 2023,~~702~~778.0742 0.00 0.00 V-A 54,818,000.00 53,~~297~~084,~~278~~292.38 62 63,~~456~~167.5946 8360,~~314~~903.9763 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 281,148,900.00 ~~274~~266,~~042~~341,~~852~~829.8182 2144,~~188,993~~275.8937 ~~884~~4,~~879~~571,268.4149 0.00 0.00 VII-A 48,923,900.00 4847,~~083~~369,~~350~~994.7587 1211,~~452~~307.4797 78859,~~154~~360.1548 0.00 0.00 VIII-A 39,977,100.00 39,~~627~~443,~~057~~359.8756 6,~~069~~149.9003 ~~156~~346,~~154~~745.6736 0.00 0.00 IX-A 203,331,400.00 ~~202~~198,~~725~~248,~~969~~271.8462 127,~~914~~728.1785 14,~~468~~191,~~864~~338.7792 0.00 0.00 B-1 15,157,700.00 15,~~142~~085,~~094~~379.2370 408,~~742~~007.1246 0.00 0.00 0.00 B-2 9,327,700.00 9,~~318~~283,~~096~~195.5775 254,~~071~~927.7661 0.00 0.00 0.00 B-3 5,246,800.00 5,~~241~~221,~~398~~766.1051 142,~~102~~771.7876 0.00 0.00 0.00 B-4 2,915,100.00 2,~~912~~901,~~098~~191.7350 71,~~835~~539.4598 0.00 0.00 0.00 B-5 2,331,900.00 2,~~329~~320,~~499~~774.1706 61,~~267~~231.8789 0.00 0.00 0.00 B-6 2,915,387.83 2,~~912~~901,~~386~~477.2695 71,~~836~~540.2213 0.00 0.00 0.00 R-I 100.00 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 1,165,973,387.83 1,~~150~~126,~~857~~163,~~519~~325.3165 3597,~~072,405~~398.3477 416,~~385~~572,~~069~~666.1974 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 381,~~977~~777,270.8642 3531,~~879~~608,~~929~~472.4905 0.~~99656505~~87792532 381,~~977~~777,270.8642 I-X 0.00 0.00 0.00000000 0.00 II-A ~~861~~1,~~878~~841,148.0709 ~~125~~121,~~707~~488,~~384~~616.6284 0.~~98329194~~95029244 ~~861~~1,~~878~~841,148.0709 III-A ~~530~~520,~~606~~900.4609 4543,~~458~~237,~~277~~731.4945 0.~~97855066~~93075042 ~~530~~520,~~606~~900.4609 IV-A ~~904~~2,~~901~~302,928.7135 ~~240~~236,~~996~~413,~~258~~002.9577 0.~~98493701~~96620552 ~~904~~2,~~901~~302,928.7135 IV-AM 2425,~~999~~554.2317 44,~~822~~746,~~222~~167.7348 0.~~99836338~~99666934 2425,~~999~~554.2317 V-A 70424,~~771~~071.5609 5352,~~226~~660,~~506~~221.8253 0.~~97096769~~96063741 70424,~~771~~071.5609 V-X 0.00 0.00 0.00000000 0.00 VI-A 34,~~073~~715,~~873~~543.3086 ~~270~~261,~~968~~626,~~979~~285.5196 0.~~96379171~~93056130 34,~~073~~715,~~873~~543.3086 VII-A 90870,~~606~~668.6245 4746,~~992~~499,~~744~~326.1441 0.~~98096726~~95044194 90870,~~606~~668.6245 VIII-A ~~162~~352,~~224~~894.5739 39,~~464~~090,~~833~~465.3017 0.~~98718600~~97782143 ~~162~~352,~~224~~894.5739 IX-A 14,~~596~~319,~~778~~067.9477 ~~201~~193,~~129~~929,~~190~~203.9085 0.~~98916936~~95375925 14,~~596~~319,~~778~~067.9477 B-1 408,~~742~~007.1246 15,~~101~~077,~~352~~372.1225 0.~~99628256~~99470053 408,~~742~~007.1246 B-2 254,~~071~~927.7661 9,~~293~~278,~~024~~268.8115 0.~~99628256~~99470053 254,~~071~~927.7661 B-3 142,~~102~~771.7876 5,~~227~~218,~~295~~994.3275 0.~~99628256~~99470053 142,~~102~~771.7876 B-4 71,~~835~~539.4598 2,~~904~~899,~~263~~651.2852 0.~~99628256~~99470053 71,~~835~~539.4598 B-5 61,~~267~~231.8789 2,~~323~~319,~~231~~542.3017 0.~~99628256~~99470053 61,~~267~~231.8789 B-6 71,~~836~~540.2213 2,~~904~~899,~~550~~937.0482 0.~~99628256~~99470053 71,~~836~~540.2213 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 717,~~457~~170,~~474~~065.5251 1,~~143~~108,~~400~~993,~~044~~260.8217 0.~~98063992~~95113085 717,~~457~~170,~~474~~065.5251

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 36,003,600.00 ~~997~~927.~~64766162~~28900610 10.~~06837566~~99508105 048.~~01423441~~36860536 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 127,843,400.00 ~~990~~964.~~03360893~~69403129 20.~~74204198~~03718104 314.~~99962845~~36440786 0.00000000 III-A 46,454,700.00 ~~989~~941.~~97268199~~96349433 0.~~51237700~~48146560 10.~~90964187~~73161058 0.00000000 IV-A 244,681,900.00 ~~988~~975.~~63528794~~61744910 0.~~63570411~~65403007 38.~~06257398~~75789762 0.00000000 IV-AM 44,895,700.00 ~~998~~997.~~92020750~~23852507 0.~~09571451~~03955279 0.~~46111476~~52963691 0.00000000 V-A 54,818,000.00 ~~972~~968.~~25871757~~37339232 1.~~13934456~~15231238 06.~~15168321~~58367014 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 281,148,900.00 ~~974~~947.~~72496890~~33370758 70.~~78588815~~51316356 316.~~14736928~~25924373 0.00000000 VII-A 48,923,900.00 ~~982~~968.~~81925092~~23832258 0.~~25452734~~23113386 117.~~59746361~~56524889 0.00000000 VIII-A 39,977,100.00 ~~991~~986.~~24393390~~64884546 0.~~15183443~~15381381 38.~~90610299~~67359964 0.00000000 IX-A 203,331,400.00 ~~997~~975.~~02244631~~00077027 0.~~62909206~~62818064 720.~~22399379~~61333823 0.00000000 B-1 15,157,700.00 ~~998~~995.~~97043945~~22880780 20.~~68788273~~52827672 0.00000000 0.00000000 B-2 9,327,700.00 ~~998~~995.~~97043966~~22880774 20.~~68788233~~52827707 0.00000000 0.00000000 B-3 5,246,800.00 ~~998~~995.~~97043912~~22880804 20.~~68788214~~52827628 0.00000000 0.00000000 B-4 2,915,100.00 ~~998~~995.~~97044012~~22880862 20.~~68788378~~52827690 0.00000000 0.00000000 B-5 2,331,900.00 ~~998~~995.~~97044041~~22880913 20.~~68788113~~52827737 0.00000000 0.00000000 B-6 2,915,387.83 ~~998~~995.~~97043887~~22880632 20.~~68788252~~52827620 0.00000000 0.00000000 R-I 100.00 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 0.00000000 149.~~08261007~~36368641 ~~996~~877.~~56505155~~92531997 0.~~99656505~~87792532 149.~~08261007~~36368641 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 614.~~74167043~~40158890 ~~983~~950.~~29193857~~29244247 0.~~98329194~~95029244 614.~~74167043~~40158890 III-A 0.00000000 11.~~42201887~~21307618 ~~978~~930.~~55066312~~75041815 0.~~97855066~~93075042 11.~~42201887~~21307618 IV-A 0.00000000 39.~~69827809~~41192769 ~~984~~966.~~93700985~~20552141 0.~~98493701~~96620552 39.~~69827809~~41192769 IV-AM 0.00000000 0.~~55682905~~56918970 ~~998~~996.~~36337845~~66933537 0.~~99836338~~99666934 0.~~55682905~~56918970 V-A 0.00000000 17.~~29102776~~73598252 ~~970~~960.~~96768981~~63740979 0.~~97096769~~96063741 17.~~29102776~~73598252 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 1016.~~93325743~~77240729 ~~963~~930.~~79171147~~56130029 0.~~96379171~~93056130 1016.~~93325743~~77240729 VII-A 0.00000000 117.~~85199095~~79638275 ~~980~~950.~~96726017~~44193962 0.~~98096726~~95044194 117.~~85199095~~79638275 VIII-A 0.00000000 48.~~05793742~~82741344 ~~987~~977.~~18599648~~82143202 0.~~98718600~~97782143 48.~~05793742~~82741344 IX-A 0.00000000 721.~~85308585~~24151887 ~~989~~953.~~16936046~~75925140 0.~~98916936~~95375925 721.~~85308585~~24151887 B-1 0.00000000 20.~~68788273~~52827672 ~~996~~994.~~28255738~~70053174 0.~~99628256~~99470053 20.~~68788273~~52827672 B-2 0.00000000 20.~~68788233~~52827707 ~~996~~994.~~28255733~~70053175 0.~~99628256~~99470053 20.~~68788233~~52827707 B-3 0.00000000 20.~~68788214~~52827628 ~~996~~994.~~28255699~~70053175 0.~~99628256~~99470053 20.~~68788214~~52827628 B-4 0.00000000 20.~~68788378~~52827690 ~~996~~994.~~28255634~~70053171 0.~~99628256~~99470053 20.~~68788378~~52827690 B-5 0.00000000 20.~~68788113~~52827737 ~~996~~994.~~28255929~~70053176 0.~~99628256~~99470053 20.~~68788113~~52827737 B-6 0.00000000 20.~~68788252~~52827620 ~~996~~994.~~28255634~~70053012 0.~~99628256~~99470053 20.~~68788252~~52827620 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 36,003,600.00 3.~~82042~~78307% 3533,~~918~~385,~~907~~742.3546 ~~114~~105,~~354~~250.5351 0.00 0.00 I-X 0.00 0.22900% 3533,~~918~~385,~~907~~742.3546 6,~~854~~371.5211 0.00 0.00 II-A 127,843,400.00 4.~~63219~~62587% ~~126~~123,~~569~~329,~~262~~764.6892 ~~488~~475,~~577~~422.5983 0.00 0.00 III-A 46,454,700.00 4.~~93776~~93651% 4543,~~988~~758,~~883~~631.9554 ~~189~~180,~~235~~012.2253 0.00 0.00 IV-A 244,681,900.00 4.~~99435~~98998% ~~241~~238,~~901~~715,~~160~~931.6612 1992,~~006,781~~657.6221 0.00 0.00 IV-AM 44,895,700.00 4.~~99435~~98998% 44,~~847~~771,~~221~~721.9665 186,~~652~~175.1014 0.00 0.00 V-A 54,818,000.00 3.~~89036~~89080% 53,~~297~~084,~~278~~292.3862 172,~~787~~116.9490 0.00 0.00 V-X 0.00 0.03700% 53,~~297~~084,~~278~~292.3862 1,~~643~~636.3377 0.00 0.00 VI-A 281,148,900.00 4.~~80608~~79427% ~~274~~266,~~042~~341,~~852~~829.8182 1,~~097~~064,~~559~~095.2735 0.00 0.00 VII-A 48,923,900.00 4.~~90614~~90619% 4847,~~083~~369,~~350~~994.7587 ~~196~~193,~~586~~671.2676 0.00 0.00 VIII-A 39,977,100.00 4.~~83042~~83160% 39,~~627~~443,~~057~~359.8756 ~~159~~158,~~512~~812.7409 0.00 0.00 IX-A 203,331,400.00 4.~~87046~~86339% ~~202~~198,~~725~~248,~~969~~271.8462 ~~822~~803,~~806~~465.4617 0.00 0.00 B-1 15,157,700.00 4.~~79014~~78303% 15,~~142~~085,~~094~~379.2370 60,~~443~~128.9820 0.00 0.00 B-2 9,327,700.00 4.~~79014~~78303% 9,~~318~~283,~~096~~195.5775 37,~~195~~001.8451 0.00 0.00 B-3 5,246,800.00 4.~~79014~~78303% 5,~~241~~221,~~398~~766.1051 20,~~922~~813.5323 0.00 0.00 B-4 2,915,100.00 4.~~79014~~78303% 2,~~912~~901,~~098~~191.7350 11,~~624~~563.4774 0.00 0.00 B-5 2,331,900.00 4.~~79014~~78303% 2,~~329~~320,~~499~~774.1706 9,~~298~~250.8628 0.00 0.00 B-6 2,915,387.83 4.~~79014~~78303% 2,~~912~~901,~~386~~477.2695 11,~~625~~564.6288 0.00 0.00 R-I 100.00 3.~~93275~~93071% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~93275~~93071% 0.00 0.00 0.00 0.00 R-III 50.00 3.~~93275~~93071% 0.00 0.00 0.00 0.00 Totals 1,165,973,387.83 4,~~594~~490,~~462~~009.8821 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 0.00 0.00 ~~114~~105,~~354~~250.5351 0.00 3531,~~879~~608,~~929~~472.4905 I-X 0.00 0.00 6,~~854~~371.5211 0.00 3531,~~879~~608,~~929~~472.4905 II-A 0.00 0.00 ~~488~~475,~~577~~422.5984 0.00 ~~125~~121,~~707~~488,~~384~~616.6284 III-A 0.00 0.00 ~~189~~180,~~235~~012.2153 0.00 4543,~~458~~237,~~277~~731.4945 IV-A (0.0001) 0.00 1992,~~006,781~~657.6222 0.00 ~~240~~236,~~996~~413,~~258~~002.9577 IV-AM 0.00 0.00 186,~~652~~175.1014 0.00 44,~~822~~746,~~222~~167.7348 V-A 0.00 0.00 172,~~787~~116.9490 0.00 5352,~~226~~660,~~506~~221.8253 V-X 0.00 0.00 1,~~643~~636.3377 0.00 5352,~~226~~660,~~506~~221.8253 VI-A (0.0001) 0.00 1,~~097~~064,~~559~~095.2736 0.00 ~~270~~261,~~968~~626,~~979~~285.5196 VII-A 0.00 0.00 ~~196~~193,~~586~~671.2676 0.00 4746,~~992~~499,~~744~~326.1441 VIII-A 0.00 0.00 ~~159~~158,~~512~~812.7409 0.00 39,~~464~~090,~~833~~465.3017 IX-A (0.0001) 0.00 ~~822~~803,~~806~~465.4517 0.00 ~~201~~193,~~129~~929,~~190~~203.9085 B-1 0.00 0.00 60,~~443~~128.9820 0.00 15,~~101~~077,~~352~~372.1225 B-2 0.00 0.00 37,~~195~~001.8451 0.00 9,~~293~~278,~~024~~268.8115 B-3 0.00 0.00 20,~~922~~813.5323 0.00 5,~~227~~218,~~295~~994.3275 B-4 0.00 0.00 11,~~624~~563.4774 0.00 2,~~904~~899,~~263~~651.2852 B-5 0.00 0.00 9,~~298~~250.8628 0.00 2,~~323~~319,~~231~~542.3017 B-6 0.00 0.00 11,~~625~~564.6288 0.00 2,~~904~~899,~~550~~937.0482 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 (0.0003) 0.00 4,~~594~~490,~~462~~009.8624 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 36,003,600.00 3.~~82042~~78307% ~~997~~927.~~64766162~~28900610 32.~~17619710~~92333294 0.00000000 0.00000000 I-X 0.00 0.22900% ~~997~~927.~~64766162~~28900610 0.~~19038429~~17695758 0.00000000 0.00000000 II-A 127,843,400.00 4.~~63219~~62587% ~~990~~964.~~03360893~~69403129 3.~~82168802~~71879057 0.00000000 0.00000000 III-A 46,454,700.00 4.~~93776~~93651% ~~989~~941.~~97268199~~96349433 43.~~07354304~~87501222 0.00000000 0.00000000 IV-A 244,681,900.00 4.~~99435~~98998% ~~988~~975.~~63528794~~61744910 4.~~11465507~~05692947 0.00000000 0.00000000 IV-AM 44,895,700.00 4.~~99435~~98998% ~~998~~997.~~92020750~~23852507 4.~~15746051~~14683678 0.00000000 0.00000000 V-A 54,818,000.00 3.~~89036~~89080% ~~972~~968.~~25871757~~37339232 3.~~15202926~~13978803 0.00000000 0.00000000 V-X 0.00 0.03700% ~~972~~968.~~25871757~~37339232 0.~~02997793~~02985826 0.00000000 0.00000000 VI-A 281,148,900.00 4.~~80608~~79427% ~~974~~947.~~72496890~~33370758 3.~~90383626~~78481065 0.00000000 0.00000000 VII-A 48,923,900.00 4.~~90614~~90619% ~~982~~968.~~81925092~~23832258 43.~~01820501~~95863290 0.00000000 0.00000000 VIII-A 39,977,100.00 4.~~83042~~83160% ~~991~~986.~~24393390~~64884546 3.~~99010283~~97257655 0.00000000 0.00000000 IX-A 203,331,400.00 4.~~87046~~86339% ~~997~~975.~~02244631~~00077027 43.~~04662762~~95150562 0.00000000 0.00000000 B-1 15,157,700.00 4.~~79014~~78303% ~~998~~995.~~97043945~~22880780 3.~~98767491~~96684194 0.00000000 0.00000000 B-2 9,327,700.00 4.~~79014~~78303% ~~998~~995.~~97043966~~22880774 3.~~98767542~~96684177 0.00000000 0.00000000 B-3 5,246,800.00 4.~~79014~~78303% ~~998~~995.~~97043912~~22880804 3.~~98767439~~96684265 0.00000000 0.00000000 B-4 2,915,100.00 4.~~79014~~78303% ~~998~~995.~~97044012~~22880862 3.~~98767452~~96684162 0.00000000 0.00000000 B-5 2,331,900.00 4.~~79014~~78303% ~~998~~995.~~97044041~~22880913 3.~~98767529~~96684249 0.00000000 0.00000000 B-6 2,915,387.83 4.~~79014~~78303% ~~998~~995.~~97043887~~22880632 3.~~98767529~~96684101 0.00000000 0.00000000 R-I 100.00 3.~~93275~~93071% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~93275~~93071% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.~~93275~~93071% 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 0.00000000 0.00000000 32.~~17619710~~92333294 0.00000000 ~~996~~877.~~56505155~~92531997 I-X 0.00000000 0.00000000 0.~~19038429~~17695758 0.00000000 ~~996~~877.~~56505155~~92531997 II-A 0.00000000 0.00000000 3.~~82168802~~71879065 0.00000000 ~~983~~950.~~29193857~~29244247 III-A 0.00000000 0.00000000 43.~~07354283~~87501222 0.00000000 ~~978~~930.~~55066312~~75041815 IV-A (0.~~00000000~~00000004) 0.00000000 4.~~11465507~~05692951 0.00000000 ~~984~~966.~~93700985~~20552141 IV-AM 0.00000000 0.00000000 4.~~15746051~~14683678 0.00000000 ~~998~~996.~~36337845~~66933537 V-A 0.00000000 0.00000000 3.~~15202926~~13978803 0.00000000 ~~970~~960.~~96768981~~63740979 V-X 0.00000000 0.00000000 0.~~02997793~~02985826 0.00000000 ~~970~~960.~~96768981~~63740979 VI-A (0.~~00000000~~00000004) 0.00000000 3.~~90383626~~78481068 0.00000000 ~~963~~930.~~79171147~~56130029 VII-A 0.00000000 0.00000000 43.~~01820501~~95863290 0.00000000 ~~980~~950.~~96726017~~44193962 VIII-A 0.00000000 0.00000000 3.~~99010283~~97257655 0.00000000 ~~987~~977.~~18599648~~82143202 IX-A (0.~~00000000~~00000005) 0.00000000 43.~~04662757~~95150562 0.00000000 ~~989~~953.~~16936046~~75925140 B-1 0.00000000 0.00000000 3.~~98767491~~96684194 0.00000000 ~~996~~994.~~28255738~~70053174 B-2 0.00000000 0.00000000 3.~~98767542~~96684177 0.00000000 ~~996~~994.~~28255733~~70053175 B-3 0.00000000 0.00000000 3.~~98767439~~96684265 0.00000000 ~~996~~994.~~28255699~~70053175 B-4 0.00000000 0.00000000 3.~~98767452~~96684162 0.00000000 ~~996~~994.~~28255634~~70053171 B-5 0.00000000 0.00000000 3.~~98767529~~96684249 0.00000000 ~~996~~994.~~28255929~~70053176 B-6 0.00000000 0.00000000 3.~~98767529~~96684101 0.00000000 ~~996~~994.~~28255634~~70053012 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1221,~~340~~932,~~422~~629.5187 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6345,~~093~~760.1666 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1221,~~403~~978,~~515~~390.6753 Withdrawals Reimbursement for Servicer Advances 6740,~~339~~149.2778 Payment of Service Fee ~~284~~278,~~239~~166.0200 Payment of Interest and Principal 1221,~~051~~660,~~937~~074.3875 Total Withdrawals (Pool Distribution Amount) 1221,~~403~~978,~~515~~390.6753 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~264~~259,~~888~~056.6921 Additional Alliance Service Fee 14,~~249~~194.7884 Miscellaneous Fee 54,~~100~~914.5595 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~284~~278,~~239~~166.0200

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 01 0 0 01 0119,700.00 0.00 0.00 0119,700.00 30 Days 2825 0 0 0 2825 129,~~818~~862,~~913~~975.4541 0.00 0.00 0.00 129,~~818~~862,~~913~~975.4541 60 Days 15 0 0 0 15 ~~183~~844,~~920~~281.0083 0.00 0.00 0.00 ~~183~~844,~~920~~281.0083 90 Days 10 0 0 0 10 ~~1,129,172~~0.4300 0.00 0.00 0.00 ~~1,129,172~~0.4300 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 30 01 0 0 3031 1410,~~132~~707,~~005~~257.8824 0119,700.00 0.00 0.00 1410,~~132~~826,~~005~~957.8824 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~~035984% 0.000000% 0.000000% 0.~~000000~~035984% 0.~~000000~~010789% 0.000000% 0.000000% 0.~~000000~~010789% 30 Days 0.~~983146~~899604% 0.000000% 0.000000% 0.000000% 0.~~983146~~899604% 10.~~120650~~888988% 0.000000% 0.000000% 0.000000% 10.~~120650~~888988% 60 Days 0.~~035112~~179921% 0.000000% 0.000000% 0.000000% 0.~~035112~~179921% 0.~~016079~~076098% 0.000000% 0.000000% 0.000000% 0.~~016079~~076098% 90 Days 0.~~035112~~000000% 0.000000% 0.000000% 0.000000% 0.~~035112~~000000% 0.~~098714~~000000% 0.000000% 0.000000% 0.000000% 0.~~098714~~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 1.~~053371~~079525% 0.~~000000~~035984% 0.000000% 0.000000% 1.~~053371~~115509% 10.~~235443~~965086% 0.~~000000~~010789% 0.000000% 0.000000% 10.~~235443~~975875%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 24 0 0 0 24 ~~869~~1,~~259~~976,591.7425 0.00 0.00 0.00 ~~869~~1,~~259~~976,591.7425 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 24 0 0 0 24 ~~869~~1,~~259~~976,591.7425 0.00 0.00 0.00 ~~869~~1,~~259~~976,591.7425 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 25.~~702703~~882353% 0.000000% 0.000000% 0.000000% 25.~~702703~~882353% 26.~~341692~~018463% 0.000000% 0.000000% 0.000000% 26.~~341692~~018463% 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 25.~~702703~~882353% 0.000000% 0.000000% 0.000000% 25.~~702703~~882353% 26.~~341692~~018463% 0.000000% 0.000000% 0.000000% 26.~~341692~~018463% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 86 0 0 0 86 1,~~794~~376,~~093~~848.6830 0.00 0.00 0.00 1,~~794~~376,~~093~~848.6830 60 Days 02 0 0 0 02 0378,666.0034 0.00 0.00 0.00 0378,666.0034 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 8 0 0 0 8 1,~~794~~755,~~093~~514.6864 0.00 0.00 0.00 1,~~794~~755,~~093~~514.6864 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~408451~~088929% 0.000000% 0.000000% 0.000000% 1.~~408451~~088929% 1.~~380132~~094694% 0.000000% 0.000000% 0.000000% 1.~~380132~~094694% 60 Days 0.~~000000~~362976% 0.000000% 0.000000% 0.000000% 0.~~000000~~362976% 0.~~000000~~301067% 0.000000% 0.000000% 0.000000% 0.~~000000~~301067% 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 1.~~408451~~451906% 0.000000% 0.000000% 0.000000% 1.~~408451~~451906% 1.~~380132~~395762% 0.000000% 0.000000% 0.000000% 1.~~380132~~395762% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 01 0 0 01 0119,700.00 0.00 0.00 0119,700.00 30 Days 23 0 0 0 23 ~~556~~620,~~266~~148.4000 0.00 0.00 0.00 ~~556~~620,~~266~~148.4000 60 Days 01 0 0 0 01 0168,645.0049 0.00 0.00 0.00 0168,645.0049 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 24 01 0 0 25 ~~556~~788,~~266~~793.4049 0119,700.00 0.00 0.00 ~~556~~908,~~266~~493.4049 0-29 Days 0.~~000000~~704225% 0.000000% 0.000000% 0.~~000000~~704225% 0.~~000000~~267119% 0.000000% 0.000000% 0.~~000000~~267119% 30 Days 12.~~369863~~112676% 0.000000% 0.000000% 0.000000% 12.~~369863~~112676% 1.~~182556~~383904% 0.000000% 0.000000% 0.000000% 1.~~182556~~383904% 60 Days 0.~~000000~~704225% 0.000000% 0.000000% 0.000000% 0.~~000000~~704225% 0.~~000000~~376344% 0.000000% 0.000000% 0.000000% 0.~~000000~~376344% 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.~~369863~~816901% 0.~~000000~~704225% 0.000000% 0.000000% 13.~~369863~~521127% 1.~~182556~~760249% 0.~~000000~~267119% 0.000000% 0.000000% 12.~~182556~~027368% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 4 0 0 0 4 32,~~049~~098,~~876~~758.9933 0.00 0.00 0.00 32,~~049~~098,~~876~~758.9933 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~1,129,172~~0.4300 0.00 0.00 0.00 ~~1,129,172~~0.4300 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 54 0 0 0 5 4 2,~~179~~098,~~049~~758.4233 0.00 0.00 0.00 42,~~179~~098,~~049~~758.4233 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~707965~~716846% 0.000000% 0.000000% 0.000000% 0.~~707965~~716846% 10.~~031544~~721252% 0.000000% 0.000000% 0.000000% 10.~~031544~~721252% 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.~~176991~~000000% 0.000000% 0.000000% 0.000000% 0.~~176991~~000000% 0.~~381914~~000000% 0.000000% 0.000000% 0.000000% 0.~~381914~~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.~~884956~~716846% 0.000000% 0.000000% 0.000000% 0.~~884956~~716846% 10.~~413458~~721252% 0.000000% 0.000000% 0.000000% 10.~~413458~~721252% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group V 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 ~~422~~1,~~546~~123,965.1100 0.00 0.00 0.00 ~~422~~1,~~546~~123,965.1100 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 2 0 0 0 2 ~~422~~1,~~546~~123,965.1100 0.00 0.00 0.00 ~~422~~1,~~546~~123,965.1100 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~369863~~379310% 0.000000% 0.000000% 0.000000% 1.~~369863~~379310% 02.~~766692~~060977% 0.000000% 0.000000% 0.000000% 02.~~766692~~060977% 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 1.~~369863~~379310% 0.000000% 0.000000% 0.000000% 1.~~369863~~379310% 02.~~766692~~060977% 0.000000% 0.000000% 0.000000% 02.~~766692~~060977% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VI 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 63 0 0 0 6 3 1,~~932~~001,~~885~~664.9353 0.00 0.00 0.00 31,~~932~~001,~~885~~664.9353 60 Days 12 0 0 0 12 ~~183~~296,~~920~~970.00 0.00 0.00 0.00 ~~183~~296,~~920~~970.00 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 75 0 0 0 75 41,~~116~~298,~~805~~634.9353 0.00 0.00 0.00 41,~~116~~298,~~805~~634.9353 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~798935~~409836% 0.000000% 0.000000% 0.000000% 0.~~798935~~409836% 10.~~402350~~369490% 0.000000% 0.000000% 0.000000% 10.~~402350~~369490% 60 Days 0.~~133156~~273224% 0.000000% 0.000000% 0.000000% 0.~~133156~~273224% 0.~~065580~~109545% 0.000000% 0.000000% 0.000000% 0.~~065580~~109545% 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.~~932091~~683060% 0.000000% 0.000000% 0.000000% 0.~~932091~~683060% 10.~~467930~~479036% 0.000000% 0.000000% 0.000000% 10.~~467930~~479036% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VII 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 21 0 0 0 21 ~~785~~515,~~471~~000.9000 0.00 0.00 0.00 ~~785~~515,~~471~~000.9000 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 21 0 0 0 21 ~~785~~515,~~471~~000.9000 0.00 0.00 0.00 ~~785~~515,~~471~~000.9000 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~040816~~041667% 0.000000% 0.000000% 0.000000% 21.~~040816~~041667% 1.~~582110~~069569% 0.000000% 0.000000% 0.000000% 1.~~582110~~069569% 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 21.~~040816~~041667% 0.000000% 0.000000% 0.000000% 21.~~040816~~041667% 1.~~582110~~069569% 0.000000% 0.000000% 0.000000% 1.~~582110~~069569% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VIII 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 ~~810,000~~0.00 0.00 0.00 0.00 ~~810,000~~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 10 0 0 0 10 ~~810,000~~0.00 0.00 0.00 0.00 ~~810,000~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~176471~~000000% 0.000000% 0.000000% 0.000000% 10.~~176471~~000000% 10.~~984730~~000000% 0.000000% 0.000000% 0.000000% 10.~~984730~~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 10.~~176471~~000000% 0.000000% 0.000000% 0.000000% 10.~~176471~~000000% 10.~~984730~~000000% 0.000000% 0.000000% 0.000000% 10.~~984730~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IX 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 ~~598~~1,~~512~~150,000.7000 0.00 0.00 0.00 ~~598~~1,~~512~~150,000.7000 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 ~~598~~1,~~512~~150,000.7000 0.00 0.00 0.00 ~~598~~1,~~512~~150,000.7000 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~240964~~496278% 0.000000% 0.000000% 0.000000% 0.~~240964~~496278% 0.~~287685~~572627% 0.000000% 0.000000% 0.000000% 0.~~287685~~572627% 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.~~240964~~496278% 0.000000% 0.000000% 0.000000% 0.~~240964~~496278% 0.~~287685~~572627% 0.000000% 0.000000% 0.000000% 0.~~287685~~572627%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6345,~~093~~760.1666

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,129,969,787.83 96.91214229% 1,~~107~~077,~~520~~384,~~115~~788.3312 9697.~~86199685~~14980487% 96.~~698118~~601082% 0.000000% Class II-A 1,002,126,387.83 85.94762102% ~~981~~955,~~812~~896,~~730~~171.7128 8586.~~86782336~~19494867% 10.~~994173~~954856% ~~332~~322.~~966910~~304263% Class III-A 955,671,687.83 81.96342202% ~~936~~912,~~354~~658,~~453~~439.2283 8182.~~89211270~~29612142% 3.~~975711~~898827% ~~120~~114.~~407423~~707909% Class IV-A 710,989,787.83 60.97821749% ~~695~~676,~~358~~245,~~194~~437.2706 60.~~81495252~~97831803% 21.~~077160~~317803% ~~638~~627.~~337835~~193894% Class V-A 611,276,087.83 52.42624700% ~~597~~578,~~309~~839,~~464~~048.7205 52.~~23976223~~19500144% 4.~~655108~~748471% ~~140~~139.~~983488~~705384% Class B-1 22,737,087.83 1.95005204% 22,~~652~~616,~~364~~394.7541 12.~~98114080~~03936266% 1.~~320741~~359555% 39.999643% Class B-2 13,409,387.83 1.15005951% 13,~~359~~338,~~339~~126.9426 1.~~16838722~~20272383% 0.~~812754~~836639% 24.614861% Class B-3 8,162,587.83 0.70006639% 8,~~132~~119,~~044~~131.6251 0.~~71121605~~73211730% 0.~~457171~~470607% 13.845777% Class B-4 5,247,487.83 0.45005211% 5,~~227~~219,~~781~~479.3499 0.~~45721367~~47065029% 0.~~254002~~261467% 7.692655% Class B-5 2,915,587.83 0.25005612% 2,~~904~~899,~~550~~937.0482 0.~~25402746~~26149283% 0.~~203186~~209157% 6.153649% Class B-6 200.00 0.00001715% 0.00 0.00000000% 0.~~254027~~261493% 7.693415% Class R-I 100.00 0.00000858% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 50.00 0.00000429% 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.~~087026~~080800% Weighted Average Net Coupon 4.~~810827~~804759% Weighted Average Pass-Through Rate 4.~~790650~~784396% Weighted Average Maturity(Stepdown Calculation ) ~~357~~354 Beginning Scheduled Collateral Loan Count 2,~~862~~814 Number Of Loans Paid In Full 1435 Ending Scheduled Collateral Loan Count 2,~~848~~779 Beginning Scheduled Collateral Balance 1,~~150~~126,~~857~~163,~~519~~325.2155 Ending Scheduled Collateral Balance 1,~~143~~108,~~400~~993,~~044~~260.7005 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 1,~~143~~109,~~881~~461,~~906~~176.3625 Monthly P &I Constant 75,~~951~~365,~~107~~574.2500 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1121,~~798~~489,~~969~~734.9005 Ending Scheduled Balance for Premium Loans 1,~~143~~108,~~400~~993,~~044~~260.7005 Scheduled Principal 3597,~~072,405~~398.3276 Unscheduled Principal 416,~~385~~572,~~069~~666.1974

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~335989~~301206 4.~~913776~~907418 5.~~269801~~266485 Weighted Average Net Rate 4.~~087147~~052425 4.~~680035~~674084 4.~~943930~~942983 Weighted Average Maturity ~~357~~354 ~~356~~353 ~~355~~352 Beginning Loan Count 7470 ~~572~~559 ~~147~~143 Loans Paid In Full 02 48 1 Ending Loan Count 7468 ~~568~~551 ~~146~~142 Beginning Scheduled Balance 3734,~~125~~588,~~810~~757.7904 ~~130~~127,~~863~~611,~~438~~723.5330 4745,~~547~~315,~~847~~187.4036 Ending scheduled Balance 3732,~~085~~810,~~540~~195.4666 ~~129~~125,~~989~~770,~~667~~410.1218 4744,~~016~~793,~~434~~491.0767 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~173~~161,~~905~~095.4427 ~~898~~526,~~306~~788.6348 ~~233~~222,~~415~~038.6041 Scheduled Principal 3937,~~757~~117.8446 ~~362~~4,~~445~~918.3138 2423,~~609~~161.1994 Unscheduled Principal ~~512~~1,741,443.4992 ~~511~~1,~~326~~836,394.1074 ~~506~~498,~~804~~533.1475 Scheduled Interest ~~134~~123,~~147~~977.6081 ~~535~~521,~~861~~870.3210 ~~208~~198,~~806~~876.4147 Servicing Fees 7,~~698~~170.7285 2524,~~490~~813.1253 12,~~912~~216.0432 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 1,~~167~~163.0716 5,~~217~~127.4023 244.33 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 ~~125~~115,~~281~~643.8180 ~~505~~491,~~153~~929.8034 ~~195~~186,~~650~~415.0482 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.~~049424~~012070 4.~~632192~~625870 4.~~937764~~936513

Group Level Collateral Statement Group Group IV Group V Group VI Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~278775~~274428 4.~~270649~~271110 5.~~119519~~107717 Weighted Average Net Rate 4.~~994870~~990513 4.~~091872~~092173 4.~~827253~~815566 Weighted Average Maturity ~~357~~354 ~~356~~353 ~~356~~353 Beginning Loan Count ~~566~~562 146 ~~757~~742 Loans Paid In Full 4 1 010 6 Ending Loan Count ~~565~~558 ~~146~~145 ~~751~~732 Beginning Scheduled Balance ~~296~~293,~~465~~188,~~358~~270.4103 5554,~~134~~914,~~346~~876.1047 ~~283~~275,~~477~~690,~~091~~579.7750 Ending scheduled Balance ~~295~~290,~~530~~854,~~040~~250.9273 5554,~~061~~488,~~421~~627.7708 ~~280~~270,~~327~~969,~~859~~971.8549 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant 1,~~469~~456,~~404~~008.0295 260,~~825~~801.5598 31,~~473~~322,~~741~~797.2145 Scheduled Principal ~~165~~167,~~259~~341.0085 6465,~~609~~345.3676 2149,~~264,352~~339.5152 Unscheduled Principal ~~770~~2,~~058~~166,677.4945 8360,~~314~~903.9763 ~~884~~4,~~879~~571,268.4149 Scheduled Interest 1,~~304~~288,~~145~~667.0210 ~~196~~195,~~216~~456.1922 1,~~209~~173,~~388~~457.7093 Servicing Fees 7069,~~139~~367.9614 8,~~213~~188.9456 6967,~~042~~119.2540 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 129.7333 7,~~558~~522.6419 54,~~002~~892.4584 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,~~233~~219,~~875~~170.3363 ~~180~~179,~~443~~745.6147 1,~~135~~101,~~344~~445.0069 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.~~994345~~989984 3.~~927359~~927798 4.~~806077~~794269

Group Level Collateral Statement Group Group VII Group VIII Group IX Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~261314~~261209 5.~~205419~~206599 5.~~121862~~114824 Weighted Average Net Rate 4.~~906137~~906188 4.~~830419~~831599 4.~~870631~~863567 Weighted Average Maturity ~~354~~351.00 ~~356~~353.00 ~~358~~355.00 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~230~~226,~~897~~582.8823 183,~~995~~318.4369 1,~~026~~006,~~615~~142.4954 Beginning Loan Count 9897 85 ~~417~~410 Loans Paid In Full 01 01 27 Ending Loan Count 9896 8584 ~~415~~403 Beginning Scheduled Balance 49,~~725~~011,~~987~~345.2338 40,~~969~~785,~~587~~268.8031 ~~209~~205,~~548~~057,~~051~~318.1816 Ending Scheduled Balance 4948,~~634~~140,~~955~~285.2111 40,~~807~~432,~~157~~164.5972 ~~207~~200,~~946~~733,~~967~~863.7141 Scheduled Principal 1211,~~877~~699.8779 6,~~275~~358.5423 132,~~218~~115.7083 Unscheduled Principal 78859,~~154~~360.1548 ~~156~~346,~~154~~745.6736 14,~~468~~191,~~864~~338.7792 Scheduled Interest ~~218~~214,~~020~~882.0144 ~~177~~176,~~719~~960.8946 ~~894~~874,~~396~~026.7971 Servicing Fee 14,~~717~~500.9103 12,~~803~~745.0040 4342,~~870~~934.7598 Master Servicing Fee 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 30.71 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~203~~200,~~302~~382.1041 164,~~916~~215.8906 ~~850~~831,~~495~~061.3302 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.~~906137~~906188 4.~~830419~~831599 4.~~870455~~863388

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~087026~~080800 Weighted Average Net Rate 4.~~810827~~804759 Weighted Average Maturity ~~357~~354.00 Record Date 1102/3029/~~2003~~2004 Principal And Interest Constant 75,~~951~~365,~~107~~574.2500 Beginning Loan Count 2,~~862~~814 Loans Paid In Full 1435 Ending Loan Count 2,~~848~~779 Beginning Scheduled Balance 1,~~150~~126,~~857~~163,~~519~~325.2155 Ending Scheduled Balance 1,~~143~~108,~~400~~993,~~044~~260.7005 Scheduled Principal 3597,~~072,405~~398.3276 Unscheduled Principal 416,~~385~~572,~~069~~666.1974 Scheduled Interest 4,~~878~~768,~~701~~175.9324 Servicing Fee ~~264~~259,~~888~~056.6921 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 19,~~350~~109.3379 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,~~594~~490,~~462~~009.9124 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 4.~~790650~~784396

Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Senior Percentage Group I 96.~~749153~~521949% Senior Prep. Percentage Group I 100.000000% Subordinate Percentage Group I 3.~~250847~~478051% Subordinate Prep. Percentage Group I 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Senior Percentage Group II 96.~~718582~~644542% Senior Prep. Percentage Group II 100.000000% Subordinate Percentage Group II 3.~~281418~~355458% Subordinate Prep. Percentage Group II 0.000000% Group Group III Avearge Loss Severity % Group III 0.000000% Senior Percentage Group III 96.~~721274~~565046% Senior Prep. Percentage Group III 100.000000% Subordinate Percentage Group III 3.~~278726~~434954% Subordinate Prep. Percentage Group III 0.000000%

Miscellaneous Reporting Group Group IV Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group IV 96.~~722391~~691335% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group IV 3.~~277609~~308665% Subordinate Prep. Percentage Group IV 0.000000% Group Group V Avearge Loss Severity % Group V 0.000000% Senior Percentage Group V 96.~~668016~~666506% Senior Prep. Percentage Group V 100.000000% Subordinate Percentage Group V 3.~~331984~~333494% Subordinate Prep. Percentage Group V 0.000000% Group Group VI Avearge Loss Severity % Group VI 0.000000% Senior Percentage Group VI 96.~~671957~~608970% Senior Prep. Percentage Group VI 100.000000% Subordinate Percentage Group VI 3.~~328043~~391030% Subordinate Prep. Percentage Group VI 0.000000%

Miscellaneous Reporting Group Group VII Avearge Loss Severity % Group VII 0.000000% Senior Percentage Group VII 96.~~696624~~651080% Senior Prep. Percentage Group VII 100.000000% Subordinate Percentage Group VII 3.~~303376~~348920% Subordinate Prep. Percentage Group VII 0.000000% Group Group VIII Avearge Loss Severity % Group VIII 0.000000% Avearge Loss Severity % Group IX 0.000000% Senior Percentage Group VIII 96.~~723106~~709820% Senior Prep. Percentage Group VIII 100.000000% Subordinate Percentage Group VIII 3.~~276894~~290180% Subordinate Prep. Percentage Group VIII 0.000000% Group Group IX Senior Percentage Group IX 96.~~744383~~679442% Senior Prep. Percentage Group IX 100.000000% Subordinate Percentage Group IX 3.~~255617~~320558% Subordinate Prep. Percentage Group IX 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ARM TRUST 03-7