8-K 1 bsa03ac6.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 ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-AC6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-14 54-2132828 Pooling and Servicing Agreement) (Commission 54-2132827 (State or other File Number) 54-2132829 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 ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2003-AC6 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 Asset-Backed Certificates, Series 2003-AC6 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 ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-AC6 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: 4/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-AC6 Trust, relating to the March 25, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Mortgage Pass~~Asset-~~Through~~Backed Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 BSA Series: 2003-AC6 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 A-1 07384YNH5 SEN 5.25000% 5956,~~146~~434,~~123~~775.0612 ~~258~~246,~~764~~902.2914 ~~780~~1,~~002~~464,200.3543 A-2 07384YNU6 SEN 5.00000% ~~244~~233,~~713~~495,~~716~~669.7604 1972,~~019,640~~898.4962 36,~~227~~058,~~215~~045.3090 A-3 07384YNV4 SEN 5.00000% 4,~~928~~702,~~843~~897.5993 2019,~~536~~595.8541 65122,~~000~~016.2070 A-4 07384YNW2 SEN 1.~~71875~~69000% 2221,~~694~~654,~~777~~414.5049 3230,~~505~~496.5463 ~~299~~561,~~292~~823.3186 A-5 07384YNX0 SEN 6.~~28125~~31000% 0.00 ~~118~~113,~~792~~866.9813 0.00 M-1 07384YNJ1 MEZ 5.38500% 2726,~~460~~201,~~559~~725.1751 ~~123~~117,~~229~~580.2624 ~~362~~679,~~142~~803.0985 M-2 07384YNK8 MEZ 2.~~76875~~74000% 2322,~~537~~458,~~199~~218.6776 5649,~~117~~570.4228 ~~310~~582,~~401~~678.9356 BA 07384YNL6 SUB 3.~~76875~~74000% 5,~~807~~358,~~984~~371.5264 1816,~~848~~143.7258 ~~129~~242,~~344~~802.9398 BB 07384YNN2 SUB 4.~~61875~~59000% 4,000,000.00 1514,~~909~~790.0300 0.00 C 07384YNP7 OC 0.00000% 01,050,671.0059 0.0002 0.00 P 07384YNQ5 SEN 0.00000% 100.00 01,523.0058 0.00 R-1 07384YNR3 RES 0.00000% 0.00 0.00 0.00 R-2 07384YNS1 RES 0.00000% 0.00 0.00 0.00 R-3 07384YNT9 RES 0.00000% 0.00 0.00 0.00 Totals ~~392~~375,~~289~~356,~~304~~844.2708 1,~~664~~583,~~344~~366.5863 59,~~173~~711,~~399~~372.1128

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 5854,~~366~~970,~~120~~574.7169 1,~~038~~711,~~766~~102.6457 0.00 A-2 0.00 ~~241~~227,~~486~~437,~~501~~623.4514 47,~~246~~030,~~855~~944.7952 0.00 A-3 0.00 4,~~863~~580,~~843~~881.3922 85141,~~537~~612.0511 0.00 A-4 0.00 2221,~~395~~092,~~485~~590.1964 ~~331~~592,~~797~~320.8549 0.00 A-5 0.00 0.00 ~~118~~113,~~792~~866.9813 0.00 M-1 0.00 2725,~~098~~521,~~417~~921.0865 ~~485~~797,~~371~~384.3509 0.00 M-2 0.00 2321,~~226~~875,~~797~~540.7420 ~~366~~632,~~519~~248.3584 0.00 BA 0.00 5,~~678~~115,~~639~~568.5966 ~~148~~258,~~193~~946.6556 0.00 BB 0.00 4,000,000.00 1514,~~909~~790.0300 0.00 C 0.00 ~~353~~1,~~311~~394,983.5404 0.0002 0.00 P 0.00 100.00 01,523.0058 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~387~~365,~~469~~989,~~216~~783.6924 611,~~837~~294,~~743~~738.6991 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) A-1 60,000,000.00 5956,~~146~~434,~~123~~775.0612 0.00 ~~780~~1,~~002~~464,200.3543 0.00 0.00 A-2 248,246,584.00 ~~244~~233,~~713~~495,~~716~~669.7604 0.00 36,~~227~~058,~~215~~045.3090 0.00 0.00 A-3 5,000,000.00 4,~~928~~702,~~843~~897.5993 0.00 65122,~~000~~016.2070 0.00 0.00 A-4 23,022,416.00 2221,~~694~~654,~~777~~414.5049 0.00 ~~299~~561,~~292~~823.3186 0.00 0.00 A-5 0.00 0.00 0.00 0.00 0.00 0.00 M-1 27,857,000.00 2726,~~460~~201,~~559~~725.1751 0.00 ~~362~~679,~~142~~803.0985 0.00 0.00 M-2 23,877,000.00 2322,~~537~~458,~~199~~218.6776 0.00 ~~310~~582,~~401~~678.9356 0.00 0.00 BA 5,949,579.80 5,~~807~~358,~~984~~371.5264 0.00 ~~129~~242,~~344~~802.9398 0.00 0.00 BB 4,000,000.00 4,000,000.00 0.00 0.00 0.00 0.00 C 0.00 01,050,671.0059 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 397,952,679.80 ~~392~~375,~~289~~356,~~304~~844.2708 0.00 59,~~173~~711,~~399~~372.1128 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 A-1 ~~780~~1,~~002~~464,200.3543 5854,~~366~~970,~~120~~574.7169 0.~~97276868~~91617624 ~~780~~1,~~002~~464,200.3543 A-2 36,~~227~~058,~~215~~045.3090 ~~241~~227,~~486~~437,~~501~~623.4514 0.~~97276868~~91617624 36,~~227~~058,~~215~~045.3090 A-3 65122,~~000~~016.2070 4,~~863~~580,~~843~~881.3922 0.~~97276868~~91617624 65122,~~000~~016.2070 A-4 ~~299~~561,~~292~~823.3186 2221,~~395~~092,~~485~~590.1964 0.~~97276868~~91617624 ~~299~~561,~~292~~823.3186 A-5 0.00 0.00 0.00000000 0.00 M-1 ~~362~~679,~~142~~803.0985 2725,~~098~~521,~~417~~921.0865 0.~~97276868~~91617624 ~~362~~679,~~142~~803.0985 M-2 ~~310~~582,~~401~~678.9356 2321,~~226~~875,~~797~~540.7420 0.~~97276868~~91617624 ~~310~~582,~~401~~678.9356 BA ~~129~~242,~~344~~802.9398 5,~~678~~115,~~639~~568.5966 0.~~95446061~~85982016 ~~129~~242,~~344~~802.9398 BB 0.00 4,000,000.00 1.00000000 0.00 C 0.00 ~~353~~1,~~311~~394,983.5404 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 59,~~173~~711,~~399~~372.1128 ~~387~~365,~~469~~989,~~216~~783.6924 0.~~97365651~~91968167 59,~~173~~711,~~399~~372.1128

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 60,000,000.00 ~~985~~940.~~76871767~~57958533 0.00000000 1324.~~00003917~~40334050 0.00000000 A-2 248,246,584.00 ~~985~~940.~~76871761~~57958534 0.00000000 1324.~~00003911~~40334043 0.00000000 A-3 5,000,000.00 ~~985~~940.~~76871800~~57958600 0.00000000 1324.~~00004000~~40334000 0.00000000 A-4 23,022,416.00 ~~985~~940.~~76871776~~57958513 0.00000000 1324.~~00003918~~40334064 0.00000000 A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 27,857,000.00 ~~985~~940.~~76871774~~57958538 0.00000000 1324.~~00003913~~40334027 0.00000000 M-2 23,877,000.00 ~~985~~940.~~76871759~~57958538 0.00000000 1324.~~00003895~~40334045 0.00000000 BA 5,949,579.80 ~~976~~900.~~20079321~~63026636 0.00000000 2140.~~74017903~~81010561 0.00000000 BB 4,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 1324.~~00003917~~40334050 ~~972~~916.~~76867850~~17624483 0.~~97276868~~91617624 1324.~~00003917~~40334050 A-2 0.00000000 1324.~~00003911~~40334043 ~~972~~916.~~76867846~~17624491 0.~~97276868~~91617624 1324.~~00003911~~40334043 A-3 0.00000000 1324.~~00004000~~40334000 ~~972~~916.~~76867800~~17624400 0.~~97276868~~91617624 1324.~~00004000~~40334000 A-4 0.00000000 1324.~~00003918~~40334064 ~~972~~916.~~76867858~~17624493 0.~~97276868~~91617624 1324.~~00003918~~40334064 A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 1324.~~00003913~~40334027 ~~972~~916.~~76867861~~17624475 0.~~97276868~~91617624 1324.~~00003913~~40334027 M-2 0.00000000 1324.~~00003895~~40334045 ~~972~~916.~~76867864~~17624492 0.~~97276868~~91617624 1324.~~00003895~~40334045 BA 0.00000000 2140.~~74017903~~81010561 ~~954~~859.~~46061418~~82016074 0.~~95446061~~85982016 2140.~~74017903~~81010561 BB 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 A-1 60,000,000.00 5.25000% 5956,~~146~~434,~~123~~775.0612 ~~258~~246,~~764~~902.2914 0.00 0.00 A-2 248,246,584.00 5.00000% ~~244~~233,~~713~~495,~~716~~669.7604 1972,~~019,640~~898.4962 0.00 0.00 A-3 5,000,000.00 5.00000% 4,~~928~~702,~~843~~897.5993 2019,~~536~~595.8541 0.00 0.00 A-4 23,022,416.00 1.~~71875~~69000% 2221,~~694~~654,~~777~~414.5049 3230,~~505~~496.5463 0.00 0.00 A-5 0.00 6.~~28125~~31000% 2221,~~694~~654,~~777~~414.5049 ~~118~~113,~~792~~866.9813 0.00 0.00 M-1 27,857,000.00 5.38500% 2726,~~460~~201,~~559~~725.1751 ~~123~~117,~~229~~580.2624 0.00 0.00 M-2 23,877,000.00 2.~~76875~~74000% 2322,~~537~~458,~~199~~218.6776 5649,~~117~~570.4228 0.00 0.00 BA 5,949,579.80 3.~~76875~~74000% 5,~~807~~358,~~984~~371.5264 1816,~~848~~143.7258 0.00 0.00 BB 4,000,000.00 4.~~61875~~59000% 4,000,000.00 1514,~~909~~790.0300 0.00 0.00 C 0.00 0.00000% 01,050,671.0059 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 397,952,679.80 1,~~664~~581,~~344~~843.5803 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 A-1 0.00 0.00 ~~258~~246,~~764~~902.2914 0.00 5854,~~366~~970,~~120~~574.7169 A-2 0.00 0.00 1972,~~019,640~~898.4962 0.00 ~~241~~227,~~486~~437,~~501~~623.4514 A-3 0.00 0.00 2019,~~536~~595.8541 0.00 4,~~863~~580,~~843~~881.3922 A-4 0.00 0.00 3230,~~505~~496.5463 0.00 2221,~~395~~092,~~485~~590.1964 A-5 0.00 0.00 ~~118~~113,~~792~~866.9813 0.00 2221,~~395~~092,~~485~~590.1964 M-1 0.00 0.00 ~~123~~117,~~229~~580.2624 0.00 2725,~~098~~521,~~417~~921.0865 M-2 0.00 0.00 5649,~~117~~570.4228 0.00 2321,~~226~~875,~~797~~540.7420 BA 0.00 0.00 1816,~~848~~143.7258 0.00 5,~~678~~115,~~639~~568.5966 BB 0.00 0.00 1514,~~909~~790.0300 0.00 4,000,000.00 C 0.00 0.00 0.0002 0.00 ~~353~~1,~~311~~394,983.5404 P 0.00 0.00 01,523.0058 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~664~~583,~~344~~366.5863 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 A-1 60,000,000.00 5.25000% ~~985~~940.~~76871767~~57958533 4.~~31273817~~11503567 0.00000000 0.00000000 A-2 248,246,584.00 5.00000% ~~985~~940.~~76871761~~57958534 43.~~10736967~~91908160 0.00000000 0.00000000 A-3 5,000,000.00 5.00000% ~~985~~940.~~76871800~~57958600 43.~~10737000~~91908200 0.00000000 0.00000000 A-4 23,022,416.00 1.~~71875~~69000% ~~985~~940.~~76871776~~57958513 1.~~41190829~~32464942 0.00000000 0.00000000 A-5 0.00 6.~~28125~~31000% ~~985~~940.~~76871776~~57958513 54.~~15988331~~94588101 0.00000000 0.00000000 M-1 27,857,000.00 5.38500% ~~985~~940.~~76871774~~57958538 4.~~42363715~~22085077 0.00000000 0.00000000 M-2 23,877,000.00 2.~~76875~~74000% ~~985~~940.~~76871759~~57958538 2.~~35027097~~07606818 0.00000000 0.00000000 BA 5,949,579.80 3.~~76875~~74000% ~~976~~900.~~20079321~~63026636 32.~~16807584~~71339835 0.00000000 0.00000000 BB 4,000,000.00 4.~~61875~~59000% 1000.00000000 3.~~97725750~~69750000 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 4.~~31273817~~11503567 0.00000000 ~~972~~916.~~76867850~~17624483 A-2 0.00000000 0.00000000 43.~~10736967~~91908160 0.00000000 ~~972~~916.~~76867846~~17624491 A-3 0.00000000 0.00000000 43.~~10737000~~91908200 0.00000000 ~~972~~916.~~76867800~~17624400 A-4 0.00000000 0.00000000 1.~~41190829~~32464942 0.00000000 ~~972~~916.~~76867858~~17624493 A-5 0.00000000 0.00000000 54.~~15988331~~94588101 0.00000000 ~~972~~916.~~76867858~~17624493 M-1 0.00000000 0.00000000 4.~~42363715~~22085077 0.00000000 ~~972~~916.~~76867861~~17624475 M-2 0.00000000 0.00000000 2.~~35027097~~07606818 0.00000000 ~~972~~916.~~76867864~~17624492 BA 0.00000000 0.00000000 32.~~16807584~~71339835 0.00000000 ~~954~~859.~~46061418~~82016074 BB 0.00000000 0.00000000 3.~~97725750~~69750000 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 015235.~~00000000~~80000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 611,~~854~~351,~~958~~772.9034 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~113~~117,~~533~~002.1835 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 611,~~968~~468,~~492~~774.0869 Withdrawals Reimbursement for Servicer Advances 4995,~~021~~836.48 Payment of Service Fee 8178,~~726~~199.9130 Payment of Interest and Principal 611,~~837~~294,~~743~~738.6991 Total Withdrawals (Pool Distribution Amount) 611,~~968~~468,~~492~~774.0869 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8178,~~726~~199.9130 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8178,~~726~~199.9130

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 7857 01 0 0 7858 1713,~~281~~386,~~353~~007.1186 0135,995.0018 0.00 0.00 1713,~~281~~522,~~353~~003.1104 60 Days 114 0 0 0 114 ~~256~~2,~~284~~342,430.5174 0.00 0.00 0.00 ~~256~~2,~~284~~342,430.5174 90 Days 06 0 0 0 06 01,639,387.0014 0.00 0.00 0.00 01,639,387.0014 120 Days 02 0 0 0 02 0906,849.0053 0.00 0.00 0.00 0906,849.0053 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 79 01 0 0 7980 1718,~~537~~274,~~637~~675.6227 0135,995.0018 0.00 0.00 1718,~~537~~410,~~637~~670.6245 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 53.~~114754~~928325% 0.~~000000~~068918% 0.000000% 0.000000% 53.~~114754~~997243% 43.~~456102~~653812% 0.~~000000~~037121% 0.000000% 0.000000% 43.~~456102~~690933% 60 Days 0.~~065574~~964852% 0.000000% 0.000000% 0.000000% 0.~~065574~~964852% 0.~~066085~~639384% 0.000000% 0.000000% 0.000000% 0.~~066085~~639384% 90 Days 0.~~000000~~413508% 0.000000% 0.000000% 0.000000% 0.~~000000~~413508% 0.~~000000~~447483% 0.000000% 0.000000% 0.000000% 0.~~000000~~447483% 120 Days 0.~~000000~~137836% 0.000000% 0.000000% 0.000000% 0.~~000000~~137836% 0.~~000000~~247531% 0.000000% 0.000000% 0.000000% 0.~~000000~~247531% 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 5.~~180328~~444521% 0.~~000000~~068918% 0.000000% 0.000000% 5.~~180328~~513439% 4.~~522186~~988210% 0.~~000000~~037121% 0.000000% 0.000000% 45.~~522186~~025331%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~113~~117,~~533~~002.1835

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~421946~~407836% Weighted Average Net Coupon 6.~~171946~~157836% Weighted Average Pass-Through Rate 6.~~171946~~157836% Weighted Average Maturity(Stepdown Calculation ) ~~346~~343 Beginning Scheduled Collateral Loan Count 1,~~542~~485 Number Of Loans Paid In Full 1734 Ending Scheduled Collateral Loan Count 1,~~525~~451 Beginning Scheduled Collateral Balance ~~392~~375,~~289~~356,~~203~~744.8708 Ending Scheduled Collateral Balance ~~387~~365,~~469~~989,~~116~~683.6925 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~387~~366,~~813~~357,~~262~~364.5109 Monthly P &I Constant 2,~~515~~411,~~993~~792.4636 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 ~~387~~365,~~469~~989,~~116~~683.6925 Scheduled Principal ~~416~~407,~~610~~438.0455 Unscheduled Principal 48,~~403~~959,~~477~~622.1428 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~353~~344,311.9245 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,785,668.00 Overcollateralized Amount ~~353~~1,~~311~~394,983.5404 Overcollateralized Deficiency Amount 21,~~432~~390,~~356~~684.4696 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~353~~344,311.9245 Excess Cash Amount ~~353~~345,~~311~~835.9305

Miscellaneous Reporting Net WAC Rate Carryover Amount Class A-1 0.00 Net WAC Rate Carryover Amount Class A-2 0.00 Net WAC Rate Carryover Amount Class A-3 0.00 Net WAC Rate Carryover Amount Class A-4 0.00 Net WAC Rate Carryover Amount Class A-5 0.00 Net WAC Rate Carryover Amount Class BA 0.00 Net WAC Rate Carryover Amount Class BB 0.00 Net WAC Rate Carryover Amount Class M-1 0.00 Net WAC Rate Carryover Amount Class M-2 0.00 Three month rolling average 0.~~002944~~012190%

Filing Compare · BEAR STEARNS ASSET BACKED CERTS SERIES 2003-AC6