8-K 1 bst03008.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 2003-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-05 54-2135818 Pooling and Servicing Agreement) (Commission 54-2135819 (State or other File Number) IRS EIN jurisdiction 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 2003-8 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 2003-8 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 2003-8 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 2003-8 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: 2003-8 Contact: ~~CTSLink~~ Customer Service - CTSLink Wells Fargo Bank ~~Minnesota~~, N.A. ~~Corporate~~Securities ~~Trust~~Administration Services ~~9062~~7485 ~~Old~~New ~~Annapolis~~Horizon ~~Road~~Way ~~Columbia~~Frederick, MD ~~21045-1951~~21703 Telephone: (301) 815-6600 Fax: (301) 815-~~6600~~6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MZQ8 SEN 4.~~39100~~38015% ~~166~~160,~~273~~089,~~200~~758.0012 ~~608~~584,~~421~~347.3528 465,~~225~~726,358.9725 I-A-2 07384MZR6 SEN 4.~~39100~~38015% 10,~~623~~228,~~100~~043.0042 3837,~~871~~333.6961 2365,~~953~~853.3577 II-A-1 07384MZS4 SEN 4.~~94800~~94666% ~~224~~217,~~194~~186,~~900~~230.0087 ~~924~~895,~~430~~288.3075 ~~232~~10,~~801~~655,748.1873 II-A-2 07384MZT2 SEN 4.~~94800~~94666% 1413,~~323~~875,~~500~~725.0089 5957,~~060~~198.5675 14680,~~873~~780.3495 III-A 07384MZU9 SEN 5.~~24500~~24360% 5150,~~525~~187,~~800~~720.0016 ~~225~~219,~~210~~303.6879 331,~~316~~833,657.6807 IV-A-1 07384MZV7 SEN 4.~~83400~~82523% ~~222~~212,~~318~~568,~~100~~684.0057 ~~895~~854,~~571~~743.4131 15,~~886~~000,~~752~~913.3994 IV-A-2 07384MZW5 SEN 4.~~83400~~82523% 1413,~~203~~580,~~700~~818.0077 5754,~~217~~608.2477 ~~120~~319,~~542~~503.8882 V-A 07384MZX3 SEN 4.~~41400~~41281% 39,~~738~~431,~~800~~446.0090 ~~146~~145,~~172~~002.5587 2540,~~228~~702.8396 R-I 07384MZY1 SEN 4.~~39100~~38682% 500.00 0.1800 500.00 R-II 07384MZZ8 SEN 4.~~39100~~38682% 500.00 0.1800 500.00 B-1 07384MA28 SUB 4.~~77118~~76511% 15,~~911~~878,~~900~~211.0018 63,~~265~~051.4615 1011,~~285~~671.0997 B-2 07384MA36 SUB 4.~~77118~~76511% 6,~~209~~196,~~500~~353.0019 24,~~688~~605.8724 4,~~013~~554.6890 B-3 07384MA44 SUB 4.~~77118~~76511% 4,~~657~~647,~~200~~339.0073 18,~~516~~454.9523 3,~~010~~416.3123 B-4 07384MA51 SUB 4.~~77118~~76511% 1,~~940~~936,~~300~~191.0098 7,~~714~~688.6047 1,~~254~~423.1728 B-5 07384MA69 SUB 4.~~77118~~76511% 2,~~328~~323,~~600~~669.0087 9,~~258~~227.4811 1,~~505~~708.1511 B-6 07384MA77 SUB 4.~~77118~~76511% 1,~~940~~936,~~777~~669.9610 7,~~716~~690.5036 1,~~254~~423.3063 Totals ~~776~~750,~~189~~066,~~477~~863.9675 32,~~086~~978,~~117~~543.0069 224,~~384~~647,~~117~~717.3261

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~166~~154,~~226~~363,~~974~~399.0387 ~~654~~6,~~647~~310,705.3253 0.00 I-A-2 0.00 109,~~620~~862,~~146~~189.6566 41403,~~825~~187.0438 0.00 II-A-1 0.00 ~~223~~206,~~962~~530,~~098~~482.8214 111,~~157~~551,~~231~~037.48 0.00 II-A-2 0.00 1413,~~308~~194,~~626~~944.6694 73737,~~933~~979.9070 0.00 III-A 0.00 5148,~~492~~354,~~483~~063.3209 ~~258~~2,~~527~~052,960.3686 0.00 IV-A-1 0.00 ~~220~~207,~~431~~567,~~347~~770.6164 25,~~782~~855,~~323~~657.8025 0.00 IV-A-2 0.00 1413,~~083~~261,~~157~~314.1295 ~~177~~374,~~760~~112.1259 0.00 V-A 0.00 39,~~713~~390,~~571~~743.1794 ~~171~~185,~~401~~705.3883 0.00 R-I 0.00 0.00 500.1800 0.00 R-II 0.00 0.00 500.1800 0.00 B-1 0.00 15,~~901~~866,~~614~~539.9121 7374,~~550~~723.5512 0.00 B-2 0.00 6,~~205~~191,~~486~~798.3229 2829,~~702~~160.5514 0.00 B-3 0.00 4,~~654~~643,~~189~~923.6950 21,~~527~~870.2646 0.00 B-4 0.00 1,~~939~~934,~~045~~768.8370 89,~~968~~111.7775 0.00 B-5 0.00 2,~~327~~321,~~094~~961.8575 10,~~763~~935.6322 0.00 B-6 0.00 1,~~939~~935,~~523~~245.6647 89,~~970~~113.8099 0.00 Totals 0.00 ~~773~~725,~~805~~419,~~360~~146.6415 527,~~470~~626,~~234~~261.3230 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-1 166,273,200.00 ~~166~~160,~~273~~089,~~200~~758.0012 4168,~~490~~738.4821 45,~~735~~657,620.4904 0.00 0.00 I-A-2 10,623,100.00 10,~~623~~228,~~100~~043.0042 24,~~650~~391.8065 ~~302~~361,462.5512 0.00 0.00 II-A-1 224,194,900.00 ~~224~~217,~~194~~186,~~900~~230.0087 ~~140~~154,~~694~~212.2405 9210,~~106~~501,536.9468 0.00 0.00 II-A-2 14,323,500.00 1413,~~323~~875,~~500~~725.0089 89,~~988~~852.7639 5670,~~884~~928.5856 0.00 0.00 III-A 51,525,800.00 5150,~~525~~187,~~800~~720.0016 31,~~674~~937.4340 1,~~642~~801,719.2567 0.00 0.00 IV-A-1 222,318,100.00 ~~222~~212,~~318~~568,~~100~~684.0057 ~~222~~225,~~567~~055.8829 14,~~664~~775,~~184~~858.5065 0.00 0.00 IV-A-2 14,203,700.00 1413,~~203~~580,~~700~~818.0077 14,~~219~~378.6658 ~~106~~305,~~323~~125.2324 0.00 0.00 V-A 39,738,800.00 39,~~738~~431,~~800~~446.0090 1817,~~012~~804.8132 722,~~216~~898.0264 0.00 0.00 R-I 50.00 500.00 440.8800 50.1200 0.00 0.00 R-II 50.00 500.00 440.8800 50.1200 0.00 0.00 B-1 15,911,900.00 15,~~911~~878,~~900~~211.0018 1011,~~285~~671.0997 0.00 0.00 0.00 B-2 6,209,500.00 6,~~209~~196,~~500~~353.0019 4,~~013~~554.6890 0.00 0.00 0.00 B-3 4,657,200.00 4,~~657~~647,~~200~~339.0073 3,~~010~~416.3123 0.00 0.00 0.00 B-4 1,940,300.00 1,~~940~~936,~~300~~191.0098 1,~~254~~423.1728 0.00 0.00 0.00 B-5 2,328,600.00 2,~~328~~323,~~600~~669.0087 1,~~505~~708.1511 0.00 0.00 0.00 B-6 1,940,777.96 1,~~940~~936,~~777~~669.9610 1,~~254~~423.3063 0.00 0.00 0.00 Totals 776,189,477.96 ~~776~~750,~~189~~066,~~477~~863.9675 ~~501~~550,~~711~~568.5201 124,~~882~~097,~~405~~149.8060 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-1 465,~~225~~726,358.9725 ~~166~~154,~~226~~363,~~974~~399.0387 0.~~99972199~~92837210 465,~~225~~726,358.9725 I-A-2 2365,~~953~~853.3577 109,~~620~~862,~~146~~189.6566 0.~~99972199~~92837210 2365,~~953~~853.3577 II-A-1 ~~232~~10,~~801~~655,748.1873 ~~223~~206,~~962~~530,~~098~~482.8214 0.~~99896161~~92120955 ~~232~~10,~~801~~655,748.1873 II-A-2 14680,~~873~~780.3495 1413,~~308~~194,~~626~~944.6694 0.~~99896161~~92120955 14680,~~873~~780.3495 III-A 331,~~316~~833,657.6807 5148,~~492~~354,~~483~~063.3209 0.~~99935340~~93844371 331,~~316~~833,657.6807 IV-A-1 15,~~886~~000,~~752~~913.3994 ~~220~~207,~~431~~567,~~347~~770.6164 0.~~99151328~~93365214 15,~~886~~000,~~752~~913.3994 IV-A-2 ~~120~~319,~~542~~503.8882 1413,~~083~~261,~~157~~314.1295 0.~~99151328~~93365214 ~~120~~319,~~542~~503.8882 V-A 2540,~~228~~702.8396 39,~~713~~390,~~571~~743.1794 0.~~99936513~~99124140 2540,~~228~~702.8396 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 B-1 1011,~~285~~671.0997 15,~~901~~866,~~614~~539.9121 0.~~99935362~~99714925 1011,~~285~~671.0997 B-2 4,~~013~~554.6890 6,~~205~~191,~~486~~798.3229 0.~~99935362~~99714925 4,~~013~~554.6890 B-3 3,~~010~~416.3123 4,~~654~~643,~~189~~923.6950 0.~~99935362~~99714925 3,~~010~~416.3123 B-4 1,~~254~~423.1728 1,~~939~~934,~~045~~768.8370 0.~~99935362~~99714926 1,~~254~~423.1728 B-5 1,~~505~~708.1511 2,~~327~~321,~~094~~961.8575 0.~~99935362~~99714925 1,~~505~~708.1511 B-6 1,~~254~~423.3063 1,~~939~~935,~~523~~245.6647 0.~~99935371~~99714934 1,~~254~~423.3063 Totals 224,~~384~~647,~~117~~717.3261 ~~773~~725,~~805~~419,~~360~~146.6415 0.~~99692843~~93459029 224,~~384~~647,~~117~~717.3261

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 166,273,200.00 ~~1000~~962.~~00000000~~81155424 0.~~24953198~~41340523 034.~~02848018~~02604894 0.00000000 I-A-2 10,623,100.00 ~~1000~~962.~~00000000~~81155407 0.~~24953168~~41340569 034.~~02848039~~02604889 0.00000000 II-A-1 224,194,900.00 ~~1000~~968.~~00000000~~73849882 0.~~62755326~~68784816 046.~~41083423~~84110424 0.00000000 II-A-2 14,323,500.00 ~~1000~~968.~~00000000~~73849897 0.~~62755332~~68784794 046.~~41083394~~84110448 0.00000000 III-A 51,525,800.00 ~~1000~~974.~~00000000~~03087696 0.~~61472951~~61983317 034.~~03187238~~96733035 0.00000000 IV-A-1 222,318,100.00 ~~1000~~956.~~00000000~~14655114 1.~~00112353~~01231204 721.~~48560059~~48209547 0.00000000 IV-A-2 14,203,700.00 ~~1000~~956.~~00000000~~14655125 1.~~00112365~~01231228 721.~~48560093~~48209551 0.00000000 V-A 39,738,800.00 ~~1000~~992.~~00000000~~26566731 0.~~45328017~~44803366 0.~~18158626~~57622877 0.00000000 R-I 50.00 ~~1000~~0.00000000 ~~897~~0.~~60000000~~00000000 ~~102~~0.~~40000000~~00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 ~~897~~0.~~60000000~~00000000 ~~102~~0.~~40000000~~00000000 0.00000000 B-1 15,911,900.00 ~~1000~~997.~~00000000~~88279087 0.~~64637724~~73353716 0.00000000 0.00000000 B-2 6,209,500.00 ~~1000~~997.~~00000000~~88279088 0.~~64637733~~73353732 0.00000000 0.00000000 B-3 4,657,200.00 ~~1000~~997.~~00000000~~88279009 0.~~64637765~~73353732 0.00000000 0.00000000 B-4 1,940,300.00 ~~1000~~997.~~00000000~~88279132 0.~~64637943~~73353605 0.00000000 0.00000000 B-5 2,328,600.00 ~~1000~~997.~~00000000~~88279224 0.~~64637550~~73353517 0.00000000 0.00000000 B-6 1,940,777.96 ~~1000~~997.~~00000000~~88287991 0.~~64628722~~73353574 0.00000000 0.00000000 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 034.~~27801215~~43945416 ~~999~~928.~~72198785~~37210007 0.~~99972199~~92837210 034.~~27801215~~43945416 I-A-2 0.00000000 034.~~27801207~~43945458 ~~999~~928.~~72198793~~37210042 0.~~99972199~~92837210 034.~~27801207~~43945458 II-A-1 0.00000000 147.~~03838749~~52895240 ~~998~~921.~~96161251~~20954643 0.~~99896161~~92120955 147.~~03838749~~52895240 II-A-2 0.00000000 147.~~03838727~~52895242 ~~998~~921.~~96161273~~20954655 0.~~99896161~~92120955 147.~~03838727~~52895242 III-A 0.00000000 035.~~64660190~~58716352 ~~999~~938.~~35339810~~44371344 0.~~99935340~~93844371 035.~~64660190~~58716352 IV-A-1 0.00000000 822.~~48672416~~49440752 ~~991~~933.~~51327584~~65214366 0.~~99151328~~93365214 822.~~48672416~~49440752 IV-A-2 0.00000000 822.~~48672388~~49440780 ~~991~~933.~~51327612~~65214346 0.~~99151328~~93365214 822.~~48672388~~49440780 V-A 0.00000000 01.~~63486643~~02426243 ~~999~~991.~~36513357~~24140487 0.~~99936513~~99124140 01.~~63486643~~02426243 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 0.~~64637724~~73353716 ~~999~~997.~~35362276~~14925370 0.~~99935362~~99714925 0.~~64637724~~73353716 B-2 0.00000000 0.~~64637733~~73353732 ~~999~~997.~~35362267~~14925356 0.~~99935362~~99714925 0.~~64637733~~73353732 B-3 0.00000000 0.~~64637765~~73353732 ~~999~~997.~~35362235~~14925277 0.~~99935362~~99714925 0.~~64637765~~73353732 B-4 0.00000000 0.~~64637943~~73353605 ~~999~~997.~~35362057~~14925527 0.~~99935362~~99714926 0.~~64637943~~73353605 B-5 0.00000000 0.~~64637550~~73353517 ~~999~~997.~~35362450~~14925277 0.~~99935362~~99714925 0.~~64637550~~73353517 B-6 0.00000000 0.~~64628722~~73353574 ~~999~~997.~~35371278~~14934417 0.~~99935371~~99714934 0.~~64628722~~73353574 (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-1 166,273,200.00 4.~~39100~~38015% ~~166~~160,~~273~~089,~~200~~758.0012 ~~608~~584,~~421~~347.3529 0.00 0.00 I-A-2 10,623,100.00 4.~~39100~~38015% 10,~~623~~228,~~100~~043.0042 3837,~~871~~333.6962 0.00 0.00 II-A-1 224,194,900.00 4.~~94800~~94666% ~~224~~217,~~194~~186,~~900~~230.0087 ~~924~~895,~~430~~288.3076 0.00 0.00 II-A-2 14,323,500.00 4.~~94800~~94666% 1413,~~323~~875,~~500~~725.0089 5957,~~060~~198.5775 0.00 0.00 III-A 51,525,800.00 5.~~24500~~24360% 5150,~~525~~187,~~800~~720.0016 ~~225~~219,~~210~~303.6879 0.00 0.00 IV-A-1 222,318,100.00 4.~~83400~~82523% ~~222~~212,~~318~~568,~~100~~684.0057 ~~895~~854,~~571~~743.4132 0.00 0.00 IV-A-2 14,203,700.00 4.~~83400~~82523% 1413,~~203~~580,~~700~~818.0077 5754,~~217~~608.2477 0.00 0.00 V-A 39,738,800.00 4.~~41400~~41281% 39,~~738~~431,~~800~~446.0090 ~~146~~145,~~172~~002.5588 0.00 0.00 R-I 50.00 4.~~39100~~38682% 500.00 0.1800 0.00 0.00 R-II 50.00 4.~~39100~~38682% 500.00 0.1800 0.00 0.00 B-1 15,911,900.00 4.~~77118~~76511% 15,~~911~~878,~~900~~211.0018 63,~~265~~051.4615 0.00 0.00 B-2 6,209,500.00 4.~~77118~~76511% 6,~~209~~196,~~500~~353.0019 24,~~688~~605.8724 0.00 0.00 B-3 4,657,200.00 4.~~77118~~76511% 4,~~657~~647,~~200~~339.0073 18,~~516~~454.9523 0.00 0.00 B-4 1,940,300.00 4.~~77118~~76511% 1,~~940~~936,~~300~~191.0098 7,~~714~~688.6047 0.00 0.00 B-5 2,328,600.00 4.~~77118~~76511% 2,~~328~~323,~~600~~669.0087 9,~~258~~227.4811 0.00 0.00 B-6 1,940,777.96 4.~~77118~~76511% 1,~~940~~936,~~777~~669.9610 7,~~716~~690.5036 0.00 0.00 Totals 776,189,477.96 32,~~086~~978,~~117~~543.0174 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 ~~608~~584,~~421~~347.3528 0.00 ~~166~~154,~~226~~363,~~974~~399.0387 I-A-2 0.00 0.00 3837,~~871~~333.6961 0.00 109,~~620~~862,~~146~~189.6566 II-A-1 0.00 0.00 ~~924~~895,~~430~~288.3075 0.00 ~~223~~206,~~962~~530,~~098~~482.8214 II-A-2 0.00 0.00 5957,~~060~~198.5675 0.00 1413,~~308~~194,~~626~~944.6694 III-A 0.00 0.00 ~~225~~219,~~210~~303.6879 0.00 5148,~~492~~354,~~483~~063.3209 IV-A-1 0.00 0.00 ~~895~~854,~~571~~743.4131 0.00 ~~220~~207,~~431~~567,~~347~~770.6164 IV-A-2 0.00 0.00 5754,~~217~~608.2477 0.00 1413,~~083~~261,~~157~~314.1295 V-A 0.00 0.00 ~~146~~145,~~172~~002.5587 0.00 39,~~713~~390,~~571~~743.1794 R-I 0.00 0.00 0.1800 0.00 0.00 R-II 0.00 0.00 0.1800 0.00 0.00 B-1 0.00 0.00 63,~~265~~051.4615 0.00 15,~~901~~866,~~614~~539.9121 B-2 0.00 0.00 24,~~688~~605.8724 0.00 6,~~205~~191,~~486~~798.3229 B-3 0.00 0.00 18,~~516~~454.9523 0.00 4,~~654~~643,~~189~~923.6950 B-4 0.00 0.00 7,~~714~~688.6047 0.00 1,~~939~~934,~~045~~768.8370 B-5 0.00 0.00 9,~~258~~227.4811 0.00 2,~~327~~321,~~094~~961.8575 B-6 0.00 0.00 7,~~716~~690.5036 0.00 1,~~939~~935,~~523~~245.6647 Totals 0.00 0.00 32,~~086~~978,~~117~~543.0069 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-1 166,273,200.00 4.~~39100~~38015% ~~1000~~962.~~00000000~~81155424 3.~~65916666~~51438049 0.00000000 0.00000000 I-A-2 10,623,100.00 4.~~39100~~38015% ~~1000~~962.~~00000000~~81155407 3.~~65916635~~51438092 0.00000000 0.00000000 II-A-1 224,194,900.00 4.~~94800~~94666% ~~1000~~968.~~00000000~~73849882 43.~~12333331~~99335025 0.00000000 0.00000000 II-A-2 14,323,500.00 4.~~94800~~94666% ~~1000~~968.~~00000000~~73849897 43.~~12333368~~99335009 0.00000000 0.00000000 III-A 51,525,800.00 5.~~24500~~24360% ~~1000~~974.~~00000000~~03087696 4.~~37083325~~25619379 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.~~83400~~82523% ~~1000~~956.~~00000000~~14655114 43.~~02833332~~84468615 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.~~83400~~82523% ~~1000~~956.~~00000000~~14655125 43.~~02833346~~84468624 0.00000000 0.00000000 V-A 39,738,800.00 4.~~41400~~41281% ~~1000~~992.~~00000000~~26566731 3.~~67833327~~64889931 0.00000000 0.00000000 R-I 50.00 4.~~39100~~38682% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R-II 50.00 4.~~39100~~38682% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.~~77118~~76511% ~~1000~~997.~~00000000~~88279087 3.~~97598401~~96251548 0.00000000 0.00000000 B-2 6,209,500.00 4.~~77118~~76511% ~~1000~~997.~~00000000~~88279088 3.~~97598357~~96251550 0.00000000 0.00000000 B-3 4,657,200.00 4.~~77118~~76511% ~~1000~~997.~~00000000~~88279009 3.~~97598342~~96251610 0.00000000 0.00000000 B-4 1,940,300.00 4.~~77118~~76511% ~~1000~~997.~~00000000~~88279132 3.~~97598310~~96251611 0.00000000 0.00000000 B-5 2,328,600.00 4.~~77118~~76511% ~~1000~~997.~~00000000~~88279224 3.~~97598557~~96251396 0.00000000 0.00000000 B-6 1,940,777.96 4.~~77118~~76511% ~~1000~~997.~~00000000~~88287991 3.~~97598291~~96251408 0.00000000 0.00000000 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 3.~~65916666~~51438043 0.00000000 ~~999~~928.~~72198785~~37210007 I-A-2 0.00000000 0.00000000 3.~~65916635~~51437998 0.00000000 ~~999~~928.~~72198793~~37210042 II-A-1 0.00000000 0.00000000 43.~~12333331~~99335021 0.00000000 ~~998~~921.~~96161251~~20954643 II-A-2 0.00000000 0.00000000 43.~~12333298~~99335009 0.00000000 ~~998~~921.~~96161273~~20954655 III-A 0.00000000 0.00000000 4.~~37083325~~25619379 0.00000000 ~~999~~938.~~35339810~~44371344 IV-A-1 0.00000000 0.00000000 43.~~02833332~~84468611 0.00000000 ~~991~~933.~~51327584~~65214366 IV-A-2 0.00000000 0.00000000 43.~~02833346~~84468624 0.00000000 ~~991~~933.~~51327612~~65214346 V-A 0.00000000 0.00000000 3.~~67833327~~64889906 0.00000000 ~~999~~991.~~36513357~~24140487 R-I 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~97598401~~96251548 0.00000000 ~~999~~997.~~35362276~~14925370 B-2 0.00000000 0.00000000 3.~~97598357~~96251550 0.00000000 ~~999~~997.~~35362267~~14925356 B-3 0.00000000 0.00000000 3.~~97598342~~96251610 0.00000000 ~~999~~997.~~35362235~~14925277 B-4 0.00000000 0.00000000 3.~~97598310~~96251611 0.00000000 ~~999~~997.~~35362057~~14925527 B-5 0.00000000 0.00000000 3.~~97598557~~96251396 0.00000000 ~~999~~997.~~35362450~~14925277 B-6 0.00000000 0.00000000 3.~~97598291~~96251408 0.00000000 ~~999~~997.~~35371278~~14934417 (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 527,~~601~~794,~~067~~237.0301 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2244,~~180~~123.9145 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 527,~~623~~838,~~247~~360.9446 Withdrawals Reimbursement for Servicer Advances 047,165.0001 Payment of Service Fee ~~153~~164,~~013~~934.6215 Payment of Interest and Principal 527,~~470~~626,~~234~~261.3230 Total Withdrawals (Pool Distribution Amount) 527,~~623~~838,~~247~~360.9446 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~149~~161,~~837~~110.1730 ~~Additional~~Miscellaneous ~~Servicing~~ Fee 3,~~176~~823.4585 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~153~~164,~~013~~934.6215

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 1317 0 0 0 1317 48,~~570~~632,~~422~~400.6576 0.00 0.00 0.00 48,~~570~~632,~~422~~400.6576 60 Days 01 0 0 0 01 0350,000.00 0.00 0.00 0.00 0350,000.00 90 Days 02 0 0 0 02 01,110,000.00 0.00 0.00 0.00 01,110,000.00 120 Days 01 0 0 0 01 0310,832.0042 0.00 0.00 0.00 0310,832.0042 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 1321 0 0 0 1321 410,~~570~~403,~~422~~233.6518 0.00 0.00 0.00 410,~~570~~403,~~422~~233.6518 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.~~696304~~959368% 0.000000% 0.000000% 0.000000% 0.~~696304~~959368% 01.~~590350~~189269% 0.000000% 0.000000% 0.000000% 01.~~590350~~189269% 60 Days 0.~~000000~~056433% 0.000000% 0.000000% 0.000000% 0.~~000000~~056433% 0.~~000000~~048219% 0.000000% 0.000000% 0.000000% 0.~~000000~~048219% 90 Days 0.~~000000~~112867% 0.000000% 0.000000% 0.000000% 0.~~000000~~112867% 0.~~000000~~152923% 0.000000% 0.000000% 0.000000% 0.~~000000~~152923% 120 Days 0.~~000000~~056433% 0.000000% 0.000000% 0.000000% 0.~~000000~~056433% 0.~~000000~~042823% 0.000000% 0.000000% 0.000000% 0.~~000000~~042823% 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.~~696304~~185102% 0.000000% 0.000000% 0.000000% 01.~~696304~~185102% 01.~~590350~~433234% 0.000000% 0.000000% 0.000000% 01.~~590350~~433234%

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 15 0 0 0 15 ~~500~~2,~~000~~950,399.00 0.00 0.00 0.00 ~~500~~2,~~000~~950,399.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0560,000.00 0.00 0.00 0.00 0560,000.00 120 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 16 0 0 0 16 ~~500~~3,~~000~~510,399.00 0.00 0.00 0.00 ~~500~~3,~~000~~510,399.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~280112~~492537% 0.000000% 0.000000% 0.000000% 01.~~280112~~492537% 01.~~270661~~714161% 0.000000% 0.000000% 0.000000% 01.~~270661~~714161% 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~~298507% 0.000000% 0.000000% 0.000000% 0.~~000000~~298507% 0.~~000000~~325356% 0.000000% 0.000000% 0.000000% 0.~~000000~~325356% 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.~~280112~~791045% 0.000000% 0.000000% 0.000000% 01.~~280112~~791045% 02.~~270661~~039517% 0.000000% 0.000000% 0.000000% 02.~~270661~~039517% 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 14 0 0 0 14 ~~372~~2,~~000~~009,392.0032 0.00 0.00 0.00 ~~372~~2,~~000~~009,392.0032 60 Days 01 0 0 0 01 0350,000.00 0.00 0.00 0.00 0350,000.00 90 Days 01 0 0 0 01 0550,000.00 0.00 0.00 0.00 0550,000.00 120 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 16 0 0 0 16 ~~372~~2,~~000~~909,392.0032 0.00 0.00 0.00 ~~372~~2,~~000~~909,392.0032 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~198413~~847458% 0.000000% 0.000000% 0.000000% 0.~~198413~~847458% 0.~~149423~~872077% 0.000000% 0.000000% 0.000000% 0.~~149423~~872077% 60 Days 0.~~000000~~211864% 0.000000% 0.000000% 0.000000% 0.~~000000~~211864% 0.~~000000~~151900% 0.000000% 0.000000% 0.000000% 0.~~000000~~151900% 90 Days 0.~~000000~~211864% 0.000000% 0.000000% 0.000000% 0.~~000000~~211864% 0.~~000000~~238700% 0.000000% 0.000000% 0.000000% 0.~~000000~~238700% 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.~~198413~~271186% 0.000000% 0.000000% 0.000000% 01.~~198413~~271186% 01.~~149423~~262677% 0.000000% 0.000000% 0.000000% 01.~~149423~~262677% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 108 0 0 0 108 23,~~938~~672,~~453~~609.2044 0.00 0.00 0.00 23,~~938~~672,~~453~~609.2044 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 01 0 0 0 01 0310,832.0042 0.00 0.00 0.00 0310,832.0042 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 109 0 0 0 109 23,~~938~~983,~~453~~441.2086 0.00 0.00 0.00 23,~~938~~983,~~453~~441.2086 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~237624~~034929% 0.000000% 0.000000% 0.000000% 1.~~237624~~034929% 1.~~198382~~586458% 0.000000% 0.000000% 0.000000% 1.~~198382~~586458% 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~~129366% 0.000000% 0.000000% 0.000000% 0.~~000000~~129366% 0.~~000000~~134270% 0.000000% 0.000000% 0.000000% 0.~~000000~~134270% 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.~~237624~~164295% 0.000000% 0.000000% 0.000000% 1.~~237624~~164295% 1.~~198382~~720728% 0.000000% 0.000000% 0.000000% 1.~~198382~~720728% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~759,969~~0.4500 0.00 0.00 0.00 ~~759,969~~0.4500 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 ~~759,969~~0.4500 0.00 0.00 0.00 ~~759,969~~0.4500 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~265823~~000000% 0.000000% 0.000000% 0.000000% 10.~~265823~~000000% 10.~~831593~~000000% 0.000000% 0.000000% 0.000000% 10.~~831593~~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.~~265823~~000000% 0.000000% 0.000000% 0.000000% 10.~~265823~~000000% 10.~~831593~~000000% 0.000000% 0.000000% 0.000000% 10.~~831593~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2244,~~180~~123.9145

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 5.~~007586~~029116% Weighted Average Net Coupon 4.~~775935~~771363% Weighted Average Pass-Through Rate 4.~~771025~~765245% Weighted Average Maturity(Stepdown Calculation ) ~~358~~355 Beginning Scheduled Collateral Loan Count 1,~~873~~818 Number Of Loans Paid In Full 646 Ending Scheduled Collateral Loan Count 1,~~867~~772 Beginning Scheduled Collateral Balance ~~776~~750,~~189~~066,~~477~~863.9646 Ending Scheduled Collateral Balance ~~773~~725,~~805~~419,~~360~~145.3585 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~774~~725,~~188~~857,~~319~~473.9250 Monthly P &I Constant 3,~~740~~694,~~741~~045.2386 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 ~~773~~725,~~805~~419,~~360~~145.3585 Scheduled Principal ~~501~~550,~~711~~568.6901 Unscheduled Principal 124,~~882~~097,~~405~~149.8060

Miscellaneous Reporting Senior Percentage Group 1 95.~~750004~~597972% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 4.~~249996~~402028% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 95.~~749980~~627338% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 4.~~250020~~372662% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 95.~~749917~~649430% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 4.~~250083~~350570% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 95.~~749985~~576852% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 4.~~250015~~423148% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.~~749851~~723654% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.~~250149~~276346% Subordinate Prepay Percentage Group 5 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 4.~~575006~~635971 5.~~184251~~204295 5.~~521471~~524623 Weighted Average Net Rate 4.~~394281~~385971 4.~~953512~~954295 5.~~253842~~252535 Weighted Average Maturity ~~359~~356 ~~359~~356 ~~359~~356 Beginning Loan Count ~~357~~345 ~~504~~491 ~~119~~117 Loans Paid In Full 010 019 04 Ending Loan Count ~~357~~335 ~~504~~472 ~~119~~113 Beginning Scheduled Balance ~~184~~178,~~748~~160,~~200~~484.7485 ~~249~~241,~~105~~627,~~444~~524.6933 5352,~~812~~470,~~895~~488.1727 Ending scheduled Balance ~~184~~172,~~696~~064,~~958~~905.1640 ~~248~~230,~~851~~283,~~126~~492.2463 5350,~~778~~635,~~172~~378.5554 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~750~~764,~~547~~786.7338 1,~~232~~219,~~514~~483.6184 ~~280~~274,~~685~~956.6447 Scheduled Principal 4676,~~194~~497.3029 ~~156~~171,~~326~~566.9346 33,~~080~~390.3706 Unscheduled Principal 56,~~048~~019,082.2816 9711,~~991~~172,465.5224 1,~~642~~801,719.2567 Scheduled Interest ~~704~~688,~~353~~289.4309 1,~~076~~047,~~187~~917.6838 ~~247~~241,~~605~~566.2741 Servicing Fees 2737,~~823~~116.7976 4750,~~898~~339.6907 1211,~~001~~897.5516 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 ~~536~~864.5366 1,~~246~~537.8725 ~~391~~390.0053 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 ~~675~~650,~~993~~307.1167 1996,~~027,042~~041.1206 ~~235~~229,~~212~~278.72 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.~~390796~~380147 4.~~947505~~946660 5.~~245123~~243604

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~086476~~087387 4.~~736974~~736049 5.~~007586~~029116 Weighted Average Net Rate 4.~~839085~~830457 4.~~413501~~412809 4.~~775935~~771363 Weighted Average Maturity ~~356~~353 ~~357~~354 ~~358~~355 Beginning Loan Count ~~814~~786 79 1,~~873~~818 Loans Paid In Full 613 0 646 Ending Loan Count ~~808~~773 79 1,~~867~~772 Beginning Scheduled Balance ~~247~~236,~~020~~615,~~207~~361.2668 41,~~502~~193,~~729~~004.9833 ~~776~~750,~~189~~066,~~477~~863.8446 Ending scheduled Balance ~~245~~231,~~002~~283,~~401~~863.8030 41,~~476~~151,~~701~~505.6098 ~~773~~725,~~805~~419,~~360~~145.3585 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant 1,~~294~~253,~~349~~642.7773 ~~182~~181,~~643~~176.4844 3,~~740~~694,~~741~~045.2386 Scheduled Principal ~~247~~250,~~297~~514.7349 18,~~812~~599.3671 ~~501~~550,~~711~~568.6901 Unscheduled Principal 15,~~770~~080,~~507~~983.7389 722,~~216~~898.0264 124,~~882~~097,~~405~~149.8060 Scheduled Interest 1,~~047~~003,~~052~~128.0424 ~~163~~162,~~831~~576.1273 3,~~239~~143,~~029~~477.5485 Servicing Fees 50,~~925~~661.6330 11,~~187~~096.5101 ~~149~~161,~~837~~110.1730 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,~~002~~031.0541 0.00 3,~~176~~823.4585 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 ~~995~~951,~~124~~435.3653 ~~152~~151,~~643~~480.6172 32,~~086~~978,~~015~~543.9270 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.~~834217~~825226 4.~~413501~~412809 4.~~771025~~765245

Filing Compare · BEAR STEARNS ARM TRUST MORT PASS THR CERTS SER 2003-8