8-K 1 bst03009_jul.txt JULY 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): July 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-9 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-07 54-2139198 Pooling and Servicing Agreement) (Commission 54-2139199 (State or other File Number) 54-2139200 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 July 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-9 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 2003-9 Trust, relating to the July 26, 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 2003-9 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: 8/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-9 Trust, relating to the July 26, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 126/3130/032004 Distribution Date: 17/26/042004 BST Series: 2003-9 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 07384MA85 SEN 3.~~14600~~11769% 5041,~~000~~670,~~000~~763.0086 ~~131~~108,~~083~~263.3362 ~~426~~1,~~939~~669,831.1228 I-X-1 07384MA93 SEN 1.24000% 0.00 5143,~~666~~059.6779 0.00 I-A-2 07384MB27 SEN 4.~~29600~~26769% ~~124~~104,~~942~~129,~~700~~154.0094 ~~447~~370,~~294~~325.8743 14,~~066~~172,~~858~~664.5259 I-X-2 07384MB35 SEN 0.09000% 0.00 97,~~370~~809.7069 0.00 I-A-3 07384MB43 SEN 3.~~42400~~39569% 2016,~~000~~668,~~000~~305.0054 5747,~~066~~166.6794 ~~170~~667,~~775~~932.6551 I-X-3 07384MB50 SEN 0.96200% 0.00 1613,~~033~~362.3342 0.00 II-A-1 07384MB68 SEN 4.~~65000~~60731% ~~201~~166,~~000~~779,~~000~~223.0087 ~~778~~640,~~875~~336.0013 ~~986~~4,~~812~~190,644.0173 II-X-1 07384MB76 SEN 0.33400% 0.00 5546,~~945~~420.0022 0.00 II-A-2 07384MB84 SEN 4.~~78400~~74131% 4033,~~200~~355,~~000~~844.0077 ~~160~~131,~~264~~791.0096 ~~197~~838,~~362~~128.4095 II-X-2 07384MB92 SEN 0.20000% 0.00 65,~~700~~559.0031 0.00 II-A-3 07384MC26 SEN 4.~~66000~~61731% 5747,~~127~~401,~~700~~559.0054 ~~221~~182,~~845~~389.9069 ~~280~~1,~~469~~191,054.1621 II-X-3 07384MC34 SEN 0.32400% 0.00 1512,~~424~~798.4842 0.00 III-A-1 07384MC42 SEN 4.~~52000~~50605% 8270,~~547~~608,~~700~~839.0010 ~~310~~265,~~929~~139.6707 ~~326~~1,~~278~~543,943.6674 III-X-1 07384MC59 SEN 0.56200% 0.00 3833,~~659~~068.8447 0.00 III-A-2 07384MC67 SEN 5.~~08200~~06805% 9077,~~100~~068,~~000~~851.0014 ~~381~~325,~~573~~490.5059 ~~356~~1,~~129~~685,199.9336 III-A-3 07384MC75 SEN 4.~~45700~~44305% 5547,~~850~~772,~~000~~423.0026 ~~207~~176,~~436~~879.2134 ~~220~~1,~~753~~044,599.1316 III-X-3 07384MC83 SEN 0.62500% 0.00 2924,~~088~~881.5447 0.00 IV-A-1 07384MC91 SEN 54.~~00000~~97989% ~~124~~111,~~868~~939,~~600~~594.0058 ~~520~~464,~~285~~538.8391 ~~527~~1,~~413~~209,983.1368 IV-X-1 07384MD25 SEN 0.21900% 0.00 2220,~~788~~428.5298 0.00 R-I 07384MD33 SEN 4.~~38634~~38076% 500.00 80.0100 500.00 R-II 07384MD41 SEN 4.~~38634~~38076% 500.00 0.1800 500.00 R-III 07384MD58 SEN 4.~~38634~~38076% 500.00 0.1800 500.00 B-1 07384MD66 SUB 4.~~90743~~87902% 12,~~754~~725,~~500~~226.00 5251,~~159~~738.8190 4,~~823~~913.3368 B-2 07384MD74 SUB 4.~~90743~~87902% 7,~~476~~459,~~800~~639.0033 30,~~576~~329.5480 2,~~827~~880.4845 B-3 07384MD82 SUB 4.~~90743~~87902% 4,~~398~~387,~~000~~905.0076 17,~~985~~840.7258 1,~~663~~694.1833 B-4 07384MD90 SUB 4.~~90743~~87902% 3,~~958~~949,~~300~~214.0095 16,~~187~~056.5693 1,~~496~~524.9094 B-5 07384ME24 SUB 4.~~90743~~87902% 2,~~638~~632,~~900~~843.0022 10,~~791~~704.8475 ~~997~~1,016.9464 B-6 07384ME32 SUB 4.~~90743~~87902% 1,~~759~~755,~~495~~457.9961 7,~~195~~137.5043 ~~665~~677.3885 Totals ~~879~~750,~~622~~304,~~845~~847.9947 3,~~597~~053,~~237~~518.4084 418,~~572~~226,~~415~~690.9210

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 4940,~~573~~000,~~060~~932.8857 ~~558~~1,~~022~~778,094.4590 0.00 I-X-1 0.00 0.00 5143,~~666~~059.6779 0.00 I-A-2 0.00 ~~123~~99,~~875~~956,~~841~~490.4836 14,~~514~~542,~~153~~990.3902 0.00 I-X-2 0.00 0.00 97,~~370~~809.7069 0.00 I-A-3 0.00 1916,~~829~~000,~~224~~373.3503 ~~227~~715,~~842~~099.3245 0.00 I-X-3 0.00 0.00 1613,~~033~~362.3342 0.00 II-A-1 0.00 ~~200~~162,~~013~~588,~~187~~579.9913 14,~~765~~830,~~687~~980.0186 0.00 II-X-1 0.00 0.00 5546,~~945~~420.0022 0.00 II-A-2 0.00 4032,~~002~~517,~~637~~715.6083 ~~357~~969,~~626~~920.4091 0.00 II-X-2 0.00 0.00 65,~~700~~559.0031 0.00 II-A-3 0.00 5646,~~847~~210,~~230~~505.8433 ~~502~~1,~~315~~373,443.0690 0.00 II-X-3 0.00 0.00 1512,~~424~~798.4842 0.00 III-A-1 0.00 8269,~~221~~064,~~421~~895.3436 ~~637~~1,~~208~~809,082.3381 0.00 III-X-1 0.00 0.00 3833,~~659~~068.8447 0.00 III-A-2 0.00 8975,~~743~~383,~~870~~651.0778 ~~737~~2,~~703~~010,689.4395 0.00 III-A-3 0.00 5546,~~629~~727,~~246~~824.8711 ~~428~~1,~~189~~221,478.3450 0.00 III-X-3 0.00 0.00 2924,~~088~~881.5447 0.00 IV-A-1 0.00 ~~124~~110,~~341~~729,~~186~~610.8790 1,~~047~~674,~~698~~522.9659 0.00 IV-X-1 0.00 0.00 2220,~~788~~428.5298 0.00 R-I 0.00 0.00 580.0100 0.00 R-II 0.00 0.00 500.1800 0.00 R-III 0.00 0.00 500.1800 0.00 B-1 0.00 12,~~749~~720,~~676~~312.6732 56,~~983~~652.1458 0.00 B-2 0.00 7,~~473~~456,~~972~~758.5288 33,~~404~~210.0225 0.00 B-3 0.00 4,~~396~~386,~~336~~211.8242 19,~~648~~534.9091 0.00 B-4 0.00 3,~~956~~947,~~803~~690.1001 17,~~684~~581.4687 0.00 B-5 0.00 2,~~637~~631,~~902~~826.0658 11,~~789~~721.7839 0.00 B-6 0.00 1,~~758~~754,~~830~~779.6177 7,~~860~~815.8828 0.00 Totals 0.00 ~~875~~732,~~050~~078,~~430~~157.0738 821,~~169~~280,~~653~~208.3294 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 50,000,000.00 5041,~~000~~670,~~000~~763.0086 1311,~~938~~686.1561 ~~413~~1,~~000~~658,144.9767 0.00 0.00 I-X-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 124,942,700.00 ~~124~~104,~~942~~129,~~700~~154.0094 3429,~~829~~203.3914 14,~~032~~143,~~029~~461.1244 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 20,000,000.00 2016,~~000~~668,~~000~~305.0054 54,~~575~~674.2665 ~~165~~663,~~200~~257.3987 0.00 0.00 I-X-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 201,000,000.00 ~~201~~166,~~000~~779,~~000~~223.0087 7864,~~573~~379.1721 ~~908~~4,~~238~~126,265.8452 0.00 0.00 II-X-1 0.00 0.00 0.00 0.00 0.00 0.00 II-A-2 40,200,000.00 4033,~~200~~355,~~000~~844.0077 1512,~~714~~875.6384 ~~181~~825,~~647~~253.7710 0.00 0.00 II-X-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-3 57,127,700.00 5747,~~127~~401,~~700~~559.0054 2218,~~331~~297.8669 ~~258~~1,~~137~~172,756.2951 0.00 0.00 II-X-3 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 82,547,700.00 8270,~~547~~608,~~700~~839.0010 3633,~~165~~323.0127 ~~290~~1,~~113~~510,620.6548 0.00 0.00 III-X-1 0.00 0.00 0.00 0.00 0.00 0.00 III-A-2 90,100,000.00 9077,~~100~~068,~~000~~851.0014 3936,~~473~~372.7502 ~~316~~1,~~656~~648,827.1834 0.00 0.00 III-A-3 55,850,000.00 5547,~~850~~772,~~000~~423.0026 2422,~~468~~545.4781 ~~196~~1,~~284~~022,053.6635 0.00 0.00 III-X-3 0.00 0.00 0.00 0.00 0.00 0.00 IV-A-1 124,868,600.00 ~~124~~111,~~868~~939,~~600~~594.0058 4944,~~096~~169.6886 ~~478~~1,~~316~~165,813.4582 0.00 0.00 IV-X-1 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 500.00 10.6300 480.3700 0.00 0.00 R-II 50.00 500.00 10.6300 480.3700 0.00 0.00 R-III 50.00 500.00 10.6300 480.3700 0.00 0.00 B-1 12,754,500.00 12,~~754~~725,~~500~~226.00 4,~~823~~913.3368 0.00 0.00 0.00 B-2 7,476,800.00 7,~~476~~459,~~800~~639.0033 2,~~827~~880.4845 0.00 0.00 0.00 B-3 4,398,000.00 4,~~398~~387,~~000~~905.0076 1,~~663~~694.1833 0.00 0.00 0.00 B-4 3,958,300.00 3,~~958~~949,~~300~~214.0095 1,~~496~~524.9094 0.00 0.00 0.00 B-5 2,638,900.00 2,~~638~~632,~~900~~843.0022 ~~997~~1,016.9464 0.00 0.00 0.00 B-6 1,759,495.99 1,~~759~~755,~~495~~457.9961 ~~665~~677.3885 0.00 0.00 0.00 Totals 879,622,845.99 ~~879~~750,~~622~~304,~~845~~847.9947 ~~332~~290,~~645~~235.4799 417,~~239~~936,~~770~~454.4310 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 ~~426~~1,~~939~~669,831.1228 4940,~~573~~000,~~060~~932.8857 0.~~99146122~~80001865 ~~426~~1,~~939~~669,831.1228 I-X-1 0.00 0.00 0.00000000 0.00 I-A-2 14,~~066~~172,~~858~~664.5259 ~~123~~99,~~875~~956,~~841~~490.4836 0.~~99146122~~80001865 14,~~066~~172,~~858~~664.5259 I-X-2 0.00 0.00 0.00000000 0.00 I-A-3 ~~170~~667,~~775~~932.6551 1916,~~829~~000,~~224~~373.3503 0.~~99146122~~80001865 ~~170~~667,~~775~~932.6551 I-X-3 0.00 0.00 0.00000000 0.00 II-A-1 ~~986~~4,~~812~~190,644.0173 ~~200~~162,~~013~~588,~~187~~579.9913 0.~~99509049~~80889840 ~~986~~4,~~812~~190,644.0173 II-X-1 0.00 0.00 0.00000000 0.00 II-A-2 ~~197~~838,~~362~~128.4095 4032,~~002~~517,~~637~~715.6083 0.~~99509049~~80889840 ~~197~~838,~~362~~128.4095 II-X-2 0.00 0.00 0.00000000 0.00 II-A-3 ~~280~~1,~~469~~191,054.1621 5646,~~847~~210,~~230~~505.8433 0.~~99509049~~80889840 ~~280~~1,~~469~~191,054.1621 II-X-3 0.00 0.00 0.00000000 0.00 III-A-1 ~~326~~1,~~278~~543,943.6674 8269,~~221~~064,~~421~~895.3436 0.~~99604739~~83666650 ~~326~~1,~~278~~543,943.6674 III-X-1 0.00 0.00 0.00000000 0.00 III-A-2 ~~356~~1,~~129~~685,199.9336 8975,~~743~~383,~~870~~651.0778 0.~~99604739~~83666650 ~~356~~1,~~129~~685,199.9336 III-A-3 ~~220~~1,~~753~~044,599.1316 5546,~~629~~727,~~246~~824.8711 0.~~99604739~~83666650 ~~220~~1,~~753~~044,599.1316 III-X-3 0.00 0.00 0.00000000 0.00 IV-A-1 ~~527~~1,~~413~~209,983.1368 ~~124~~110,~~341~~729,~~186~~610.8790 0.~~99577625~~88676906 ~~527~~1,~~413~~209,983.1368 IV-X-1 0.00 0.00 0.00000000 0.00 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 B-1 4,~~823~~913.3368 12,~~749~~720,~~676~~312.6732 0.~~99962183~~99731956 4,~~823~~913.3368 B-2 2,~~827~~880.4845 7,~~473~~456,~~972~~758.5288 0.~~99962183~~99731956 2,~~827~~880.4845 B-3 1,~~663~~694.1833 4,~~396~~386,~~336~~211.8242 0.~~99962183~~99731956 1,~~663~~694.1833 B-4 1,~~496~~524.9094 3,~~956~~947,~~803~~690.1001 0.~~99962183~~99731956 1,~~496~~524.9094 B-5 ~~997~~1,016.9464 2,~~637~~631,~~902~~826.0658 0.~~99962183~~99731956 ~~997~~1,016.9464 B-6 ~~665~~677.3885 1,~~758~~754,~~830~~779.6177 0.~~99962183~~99731956 ~~665~~677.3885 Totals 418,~~572~~226,~~415~~690.9210 ~~875~~732,~~050~~078,~~430~~157.0738 0.~~99480184~~83226369 418,~~572~~226,~~415~~690.9210

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,000,000.00 ~~1000~~833.~~00000000~~41527720 0.~~27876300~~23373220 833.~~26001940~~16289340 0.00000000 I-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 124,942,700.00 ~~1000~~833.~~00000000~~41527708 0.~~27876290~~23373226 833.~~26001935~~16289339 0.00000000 I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 20,000,000.00 ~~1000~~833.~~00000000~~41527700 0.~~27876300~~23373250 833.~~26001950~~16289350 0.00000000 I-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 201,000,000.00 ~~1000~~829.~~00000000~~74738244 0.~~39091129~~32029458 420.~~51860119~~52868418 0.00000000 II-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 40,200,000.00 ~~1000~~829.~~00000000~~74738234 0.~~39091119~~32029453 420.~~51860124~~52868408 0.00000000 II-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 57,127,700.00 ~~1000~~829.~~00000000~~74738244 0.~~39091124~~32029453 420.~~51860113~~52868416 0.00000000 II-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 82,547,700.00 ~~1000~~855.~~00000000~~37015689 0.~~43811045~~40368502 318.~~51449707~~29997056 0.00000000 III-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-2 90,100,000.00 ~~1000~~855.~~00000000~~37015694 0.~~43811043~~40368502 318.~~51449700~~29997048 0.00000000 III-A-3 55,850,000.00 ~~1000~~855.~~00000000~~37015685 0.~~43811047~~40368505 318.~~51449705~~29997046 0.00000000 III-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 124,868,600.00 ~~1000~~896.~~00000000~~45911446 0.~~39318676~~35373072 39.~~83055828~~33632490 0.00000000 IV-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 ~~1000~~0.00000000 320.~~60000000~~00000000 ~~967~~0.~~40000000~~00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 320.~~60000000~~00000000 ~~967~~0.~~40000000~~00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 320.~~60000000~~00000000 ~~967~~0.~~40000000~~00000000 0.00000000 B-1 12,754,500.00 ~~1000~~997.~~00000000~~70481007 0.~~37816692~~38525070 0.00000000 0.00000000 B-2 7,476,800.00 ~~1000~~997.~~00000000~~70481088 0.~~37816713~~38525171 0.00000000 0.00000000 B-3 4,398,000.00 ~~1000~~997.~~00000000~~70481128 0.~~37816735~~38525011 0.00000000 0.00000000 B-4 3,958,300.00 ~~1000~~997.~~00000000~~70481015 0.~~37816740~~38525124 0.00000000 0.00000000 B-5 2,638,900.00 ~~1000~~997.~~00000000~~70480882 0.~~37816514~~38525143 0.00000000 0.00000000 B-6 1,759,495.99 ~~1000~~997.~~00000000~~70480864 0.~~37816511~~38525237 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 833.~~53878240~~39662560 ~~991~~800.~~46121760~~01865140 0.~~99146122~~80001865 833.~~53878240~~39662560 I-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 833.~~53878234~~39662573 ~~991~~800.~~46121766~~01865143 0.~~99146122~~80001865 833.~~53878234~~39662573 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 833.~~53878250~~39662550 ~~991~~800.~~46121750~~01865150 0.~~99146122~~80001865 833.~~53878250~~39662550 I-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 420.~~90951249~~84897876 ~~995~~808.~~09048751~~89840363 0.~~99509049~~80889840 420.~~90951249~~84897876 II-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 420.~~90951244~~84897886 ~~995~~808.~~09048756~~89840373 0.~~99509049~~80889840 420.~~90951244~~84897886 II-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 420.~~90951255~~84897887 ~~995~~808.~~09048745~~89840358 0.~~99509049~~80889840 420.~~90951255~~84897887 II-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 318.~~95260752~~70365546 ~~996~~836.~~04739248~~66650143 0.~~99604739~~83666650 318.~~95260752~~70365546 III-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-2 0.00000000 318.~~95260744~~70365549 ~~996~~836.~~04739256~~66650144 0.~~99604739~~83666650 318.~~95260744~~70365549 III-A-3 0.00000000 318.~~95260752~~70365551 ~~996~~836.~~04739248~~66650152 0.~~99604739~~83666650 318.~~95260752~~70365551 III-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 0.00000000 49.~~22374504~~69005563 ~~995~~886.~~77625496~~76905883 0.~~99577625~~88676906 49.~~22374504~~69005563 IV-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 R-III 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 0.~~37816692~~38525070 ~~999~~997.~~62183308~~31955937 0.~~99962183~~99731956 0.~~37816692~~38525070 B-2 0.00000000 0.~~37816713~~38525171 ~~999~~997.~~62183287~~31955917 0.~~99962183~~99731956 0.~~37816713~~38525171 B-3 0.00000000 0.~~37816735~~38525011 ~~999~~997.~~62183265~~31955889 0.~~99962183~~99731956 0.~~37816735~~38525011 B-4 0.00000000 0.~~37816740~~38525124 ~~999~~997.~~62183260~~31955890 0.~~99962183~~99731956 0.~~37816740~~38525124 B-5 0.00000000 0.~~37816514~~38525143 ~~999~~997.~~62183486~~31955739 0.~~99962183~~99731956 0.~~37816514~~38525143 B-6 0.00000000 0.~~37816511~~38525237 ~~999~~997.~~62183489~~31956195 0.~~99962183~~99731956 0.~~37816511~~38525237 (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 50,000,000.00 3.~~14600~~11769% 5041,~~000~~670,~~000~~763.0086 ~~131~~108,~~083~~263.3362 0.00 0.00 I-X-1 0.00 1.24000% 5041,~~000~~670,~~000~~763.0086 5143,~~666~~059.6779 0.00 0.00 I-A-2 124,942,700.00 4.~~29600~~26769% ~~124~~104,~~942~~129,~~700~~154.0094 ~~447~~370,~~294~~325.8743 0.00 0.00 I-X-2 0.00 0.09000% ~~124~~104,~~942~~129,~~700~~154.0094 97,~~370~~809.7069 0.00 0.00 I-A-3 20,000,000.00 3.~~42400~~39569% 2016,~~000~~668,~~000~~305.0054 5747,~~066~~166.6794 0.00 0.00 I-X-3 0.00 0.96200% 2016,~~000~~668,~~000~~305.0054 1613,~~033~~362.3342 0.00 0.00 II-A-1 201,000,000.00 4.~~65000~~60731% ~~201~~166,~~000~~779,~~000~~223.0087 ~~778~~640,~~875~~336.0013 0.00 0.00 II-X-1 0.00 0.33400% ~~201~~166,~~000~~779,~~000~~223.0087 5546,~~945~~420.0022 0.00 0.00 II-A-2 40,200,000.00 4.~~78400~~74131% 4033,~~200~~355,~~000~~844.0077 ~~160~~131,~~264~~791.0096 0.00 0.00 II-X-2 0.00 0.20000% 4033,~~200~~355,~~000~~844.0077 65,~~700~~559.0031 0.00 0.00 II-X-3 0.00 0.32400% 5747,~~127~~401,~~700~~559.0054 1512,~~424~~798.4842 0.00 0.00 II-A-3 57,127,700.00 4.~~66000~~61731% 5747,~~127~~401,~~700~~559.0054 ~~221~~182,~~845~~389.9069 0.00 0.00 III-A-1 82,547,700.00 4.~~52000~~50605% 8270,~~547~~608,~~700~~839.0010 ~~310~~265,~~929~~139.6707 0.00 0.00 III-X-1 0.00 0.56200% 8270,~~547~~608,~~700~~839.0010 3833,~~659~~068.8447 0.00 0.00 III-A-2 90,100,000.00 5.~~08200~~06805% 9077,~~100~~068,~~000~~851.0014 ~~381~~325,~~573~~490.5059 0.00 0.00 III-A-3 55,850,000.00 4.~~45700~~44305% 5547,~~850~~772,~~000~~423.0026 ~~207~~176,~~436~~879.2134 0.00 0.00 III-X-3 0.00 0.62500% 5547,~~850~~772,~~000~~423.0026 2924,~~088~~881.5447 0.00 0.00 IV-A-1 124,868,600.00 54.~~00000~~97989% ~~124~~111,~~868~~939,~~600~~594.0058 ~~520~~464,~~285~~538.8391 0.00 0.00 IV-X-1 0.00 0.21900% ~~124~~111,~~868~~939,~~600~~594.0058 2220,~~788~~428.5298 0.00 0.00 R-I 50.00 4.~~38634~~38076% 500.00 0.1800 0.00 0.00 R-II 50.00 4.~~38634~~38076% 500.00 0.1800 0.00 0.00 R-III 50.00 4.~~38634~~38076% 500.00 0.1800 0.00 0.00 B-1 12,754,500.00 4.~~90743~~87902% 12,~~754~~725,~~500~~226.00 5251,~~159~~738.8190 0.00 0.00 B-2 7,476,800.00 4.~~90743~~87902% 7,~~476~~459,~~800~~639.0033 30,~~576~~329.5480 0.00 0.00 B-3 4,398,000.00 4.~~90743~~87902% 4,~~398~~387,~~000~~905.0076 17,~~985~~840.7258 0.00 0.00 B-4 3,958,300.00 4.~~90743~~87902% 3,~~958~~949,~~300~~214.0095 16,~~187~~056.5693 0.00 0.00 B-5 2,638,900.00 4.~~90743~~87902% 2,~~638~~632,~~900~~843.0022 10,~~791~~704.8475 0.00 0.00 B-6 1,759,495.99 4.~~90743~~87902% 1,~~759~~755,~~495~~457.9961 7,~~195~~137.5043 0.00 0.00 Totals 879,622,845.99 3,~~597~~053,~~229~~518.5784 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 ~~131~~108,~~083~~263.3362 0.00 4940,~~573~~000,~~060~~932.8857 I-X-1 0.00 0.00 5143,~~666~~059.6779 0.00 4940,~~573~~000,~~060~~932.8857 I-A-2 0.00 0.00 ~~447~~370,~~294~~325.8743 0.00 ~~123~~99,~~875~~956,~~841~~490.4836 I-X-2 0.00 0.00 97,~~370~~809.7069 0.00 ~~123~~99,~~875~~956,~~841~~490.4836 I-A-3 0.00 0.00 5747,~~066~~166.6794 0.00 1916,~~829~~000,~~224~~373.3503 I-X-3 0.00 0.00 1613,~~033~~362.3342 0.00 1916,~~829~~000,~~224~~373.3503 II-A-1 0.00 0.00 ~~778~~640,~~875~~336.0013 0.00 ~~200~~162,~~013~~588,~~187~~579.9913 II-X-1 0.00 0.00 5546,~~945~~420.0022 0.00 ~~200~~162,~~013~~588,~~187~~579.9913 II-A-2 0.00 0.00 ~~160~~131,~~264~~791.0096 0.00 4032,~~002~~517,~~637~~715.6083 II-X-2 0.00 0.00 65,~~700~~559.0031 0.00 4032,~~002~~517,~~637~~715.6083 II-X-3 0.00 0.00 1512,~~424~~798.4842 0.00 5646,~~847~~210,~~230~~505.8433 II-A-3 0.00 0.00 ~~221~~182,~~845~~389.9069 0.00 5646,~~847~~210,~~230~~505.8433 III-A-1 0.00 0.00 ~~310~~265,~~929~~139.6707 0.00 8269,~~221~~064,~~421~~895.3436 III-X-1 0.00 0.00 3833,~~659~~068.8447 0.00 8269,~~221~~064,~~421~~895.3436 III-A-2 0.00 0.00 ~~381~~325,~~573~~490.5059 0.00 8975,~~743~~383,~~870~~651.0778 III-A-3 0.00 0.00 ~~207~~176,~~436~~879.2134 0.00 5546,~~629~~727,~~246~~824.8711 III-X-3 0.00 0.00 2924,~~088~~881.5447 0.00 5546,~~629~~727,~~246~~824.8711 IV-A-1 0.00 0.00 ~~520~~464,~~285~~538.8391 0.00 ~~124~~110,~~341~~729,~~186~~610.8790 IV-X-1 0.00 0.00 2220,~~788~~428.5298 0.00 ~~124~~110,~~341~~729,~~186~~610.8790 R-I 0.00 0.00 80.0100 0.00 0.00 R-II 0.00 0.00 0.1800 0.00 0.00 R-III 0.00 0.00 0.1800 0.00 0.00 B-1 0.00 0.00 5251,~~159~~738.8190 0.00 12,~~749~~720,~~676~~312.6732 B-2 0.00 0.00 30,~~576~~329.5480 0.00 7,~~473~~456,~~972~~758.5288 B-3 0.00 0.00 17,~~985~~840.7258 0.00 4,~~396~~386,~~336~~211.8242 B-4 0.00 0.00 16,~~187~~056.5693 0.00 3,~~956~~947,~~803~~690.1001 B-5 0.00 0.00 10,~~791~~704.8475 0.00 2,~~637~~631,~~902~~826.0658 B-6 0.00 0.00 7,~~195~~137.5043 0.00 1,~~758~~754,~~830~~779.6177 Totals 0.00 0.00 3,~~597~~053,~~237~~518.4084 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 50,000,000.00 3.~~14600~~11769% ~~1000~~833.~~00000000~~41527720 2.~~62166660~~16527240 0.00000000 0.00000000 I-X-1 0.00 1.24000% ~~1000~~833.~~00000000~~41527720 10.~~03333340~~86119580 0.00000000 0.00000000 I-A-2 124,942,700.00 4.~~29600~~26769% ~~1000~~833.~~00000000~~41527708 32.~~58000003~~96396212 0.00000000 0.00000000 I-X-2 0.00 0.09000% ~~1000~~833.~~00000000~~41527708 0.~~07499998~~06250617 0.00000000 0.00000000 I-A-3 20,000,000.00 3.~~42400~~39569% ~~1000~~833.~~00000000~~41527700 2.~~85333350~~35834700 0.00000000 0.00000000 I-X-3 0.00 0.96200% ~~1000~~833.~~00000000~~41527700 0.~~80166650~~66812100 0.00000000 0.00000000 II-A-1 201,000,000.00 4.~~65000~~60731% ~~1000~~829.~~00000000~~74738244 3.~~87500000~~18575189 0.00000000 0.00000000 II-X-1 0.00 0.33400% ~~1000~~829.~~00000000~~74738244 0.~~27833333~~23094637 0.00000000 0.00000000 II-A-2 40,200,000.00 4.~~78400~~74131% ~~1000~~829.~~00000000~~74738234 3.~~98666667~~27840697 0.00000000 0.00000000 II-X-2 0.00 0.20000% ~~1000~~829.~~00000000~~74738234 0.~~16666667~~13829129 0.00000000 0.00000000 II-X-3 0.00 0.32400% ~~1000~~829.~~00000000~~74738244 0.~~27000002~~22403177 0.00000000 0.00000000 II-A-3 57,127,700.00 4.~~66000~~61731% ~~1000~~829.~~00000000~~74738244 3.~~88333330~~19266643 0.00000000 0.00000000 III-A-1 82,547,700.00 4.~~52000~~50605% ~~1000~~855.~~00000000~~37015689 3.~~76666667~~21194982 0.00000000 0.00000000 III-X-1 0.00 0.56200% ~~1000~~855.~~00000000~~37015689 0.~~46833334~~40059832 0.00000000 0.00000000 III-A-2 90,100,000.00 5.~~08200~~06805% ~~1000~~855.~~00000000~~37015694 43.~~23500000~~61254817 0.00000000 0.00000000 III-A-3 55,850,000.00 4.~~45700~~44305% ~~1000~~855.~~00000000~~37015685 3.~~71416670~~16704279 0.00000000 0.00000000 III-X-3 0.00 0.62500% ~~1000~~855.~~00000000~~37015685 0.~~52083330~~44550528 0.00000000 0.00000000 IV-A-1 124,868,600.00 54.~~00000~~97989% ~~1000~~896.~~00000000~~45911446 43.~~16666664~~72022198 0.00000000 0.00000000 IV-X-1 0.00 0.21900% ~~1000~~896.~~00000000~~45911446 0.~~18250000~~16360382 0.00000000 0.00000000 R-I 50.00 4.~~38634~~38076% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R-II 50.00 4.~~38634~~38076% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R-III 50.00 4.~~38634~~38076% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 B-1 12,754,500.00 4.~~90743~~87902% ~~1000~~997.~~00000000~~70481007 4.~~08952213~~05652123 0.00000000 0.00000000 B-2 7,476,800.00 4.~~90743~~87902% ~~1000~~997.~~00000000~~70481088 4.~~08952226~~05652151 0.00000000 0.00000000 B-3 4,398,000.00 4.~~90743~~87902% ~~1000~~997.~~00000000~~70481128 4.~~08952251~~05652115 0.00000000 0.00000000 B-4 3,958,300.00 4.~~90743~~87902% ~~1000~~997.~~00000000~~70481015 4.~~08952328~~05652174 0.00000000 0.00000000 B-5 2,638,900.00 4.~~90743~~87902% ~~1000~~997.~~00000000~~70480882 4.~~08952215~~05651976 0.00000000 0.00000000 B-6 1,759,495.99 4.~~90743~~87902% ~~1000~~997.~~00000000~~70480864 4.~~08952339~~05651962 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 2.~~62166660~~16527240 0.00000000 ~~991~~800.~~46121760~~01865140 I-X-1 0.00000000 0.00000000 10.~~03333340~~86119580 0.00000000 ~~991~~800.~~46121760~~01865140 I-A-2 0.00000000 0.00000000 32.~~58000003~~96396212 0.00000000 ~~991~~800.~~46121766~~01865143 I-X-2 0.00000000 0.00000000 0.~~07499998~~06250617 0.00000000 ~~991~~800.~~46121766~~01865143 I-A-3 0.00000000 0.00000000 2.~~85333350~~35834700 0.00000000 ~~991~~800.~~46121750~~01865150 I-X-3 0.00000000 0.00000000 0.~~80166650~~66812100 0.00000000 ~~991~~800.~~46121750~~01865150 II-A-1 0.00000000 0.00000000 3.~~87500000~~18575189 0.00000000 ~~995~~808.~~09048751~~89840363 II-X-1 0.00000000 0.00000000 0.~~27833333~~23094637 0.00000000 ~~995~~808.~~09048751~~89840363 II-A-2 0.00000000 0.00000000 3.~~98666667~~27840697 0.00000000 ~~995~~808.~~09048756~~89840373 II-X-2 0.00000000 0.00000000 0.~~16666667~~13829129 0.00000000 ~~995~~808.~~09048756~~89840373 II-X-3 0.00000000 0.00000000 0.~~27000002~~22403177 0.00000000 ~~995~~808.~~09048745~~89840358 II-A-3 0.00000000 0.00000000 3.~~88333330~~19266643 0.00000000 ~~995~~808.~~09048745~~89840358 III-A-1 0.00000000 0.00000000 3.~~76666667~~21194982 0.00000000 ~~996~~836.~~04739248~~66650143 III-X-1 0.00000000 0.00000000 0.~~46833334~~40059832 0.00000000 ~~996~~836.~~04739248~~66650143 III-A-2 0.00000000 0.00000000 43.~~23500000~~61254817 0.00000000 ~~996~~836.~~04739256~~66650144 III-A-3 0.00000000 0.00000000 3.~~71416670~~16704279 0.00000000 ~~996~~836.~~04739248~~66650152 III-X-3 0.00000000 0.00000000 0.~~52083330~~44550528 0.00000000 ~~996~~836.~~04739248~~66650152 IV-A-1 0.00000000 0.00000000 43.~~16666664~~72022198 0.00000000 ~~995~~886.~~77625496~~76905883 IV-X-1 0.00000000 0.00000000 0.~~18250000~~16360382 0.00000000 ~~995~~886.~~77625496~~76905883 R-I 0.00000000 0.00000000 ~~160~~0.~~20000000~~00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~08952213~~05652123 0.00000000 ~~999~~997.~~62183308~~31955937 B-2 0.00000000 0.00000000 4.~~08952226~~05652151 0.00000000 ~~999~~997.~~62183287~~31955917 B-3 0.00000000 0.00000000 4.~~08952251~~05652115 0.00000000 ~~999~~997.~~62183265~~31955889 B-4 0.00000000 0.00000000 4.~~08952328~~05652174 0.00000000 ~~999~~997.~~62183260~~31955890 B-5 0.00000000 0.00000000 4.~~08952215~~05651976 0.00000000 ~~999~~997.~~62183486~~31955739 B-6 0.00000000 0.00000000 4.~~08952339~~05651962 0.00000000 ~~999~~997.~~62183489~~31956195 (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 821,~~356~~478,~~727~~677.6213 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1431,~~358~~245.7166 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 821,~~371~~509,~~086~~922.3379 Withdrawals Reimbursement for Servicer Advances 054,743.0093 Payment of Service Fee ~~201~~174,~~433~~969.0192 Payment of Interest and Principal 821,~~169~~280,~~653~~208.3294 Total Withdrawals (Pool Distribution Amount) 821,~~371~~509,~~086~~922.3379 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~170~~147,~~329~~980.9239 Additional Alliance Service Fee 2421,~~179~~321.6264 Miscellaneous Fee 65,~~923~~667.4789 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~201~~174,~~433~~969.0192

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 02 0 0 02 0493,824.0048 0.00 0.00 0493,824.0048 30 Days 1216 0 0 0 1216 35,~~381~~135,~~601~~599.0859 0.00 0.00 0.00 35,~~381~~135,~~601~~599.0859 60 Days 04 0 0 0 04 01,584,402.0091 0.00 0.00 0.00 01,584,402.0091 90 Days 0 01 0 0 01 0.00 0128,000.00 0.00 0.00 0128,000.00 120 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 1220 03 0 0 1223 36,~~381~~720,~~601~~002.0850 0621,824.0048 0.00 0.00 37,~~381~~341,~~601~~826.0898 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~~098377% 0.000000% 0.000000% 0.~~000000~~098377% 0.~~000000~~067436% 0.000000% 0.000000% 0.~~000000~~067436% 30 Days 0.~~507185~~787014% 0.000000% 0.000000% 0.000000% 0.~~507185~~787014% 0.~~386351~~701305% 0.000000% 0.000000% 0.000000% 0.~~386351~~701305% 60 Days 0.~~000000~~196754% 0.000000% 0.000000% 0.000000% 0.~~000000~~196754% 0.~~000000~~216362% 0.000000% 0.000000% 0.000000% 0.~~000000~~216362% 90 Days 0.000000% 0.~~000000~~049188% 0.000000% 0.000000% 0.~~000000~~049188% 0.000000% 0.~~000000~~017479% 0.000000% 0.000000% 0.~~000000~~017479% 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.~~507185~~983768% 0.~~000000~~147565% 0.000000% 0.000000% 01.~~507185~~131333% 0.~~386351~~917668% 0.~~000000~~084915% 0.000000% 0.000000% 01.~~386351~~002583%

Delinquency Status By Groups

~~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 01 0 0 01 0297,824.0048 0.00 0.00 0297,824.0048 30 Days 48 0 0 0 48 13,~~274~~061,~~650~~510.0834 0.00 0.00 0.00 13,~~274~~061,~~650~~510.0834 60 Days 01 0 0 0 01 0283,460.0090 0.00 0.00 0.00 0283,460.0090 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 49 01 0 0 410 13,~~274~~344,~~650~~971.0824 0297,824.0048 0.00 0.00 13,~~274~~642,~~650~~795.0872 0-29 Days 0.~~000000~~202429% 0.000000% 0.000000% 0.~~000000~~202429% 0.~~000000~~182074% 0.000000% 0.000000% 0.~~000000~~182074% 30 Days 01.~~672269~~619433% 0.000000% 0.000000% 0.000000% 01.~~672269~~619433% 01.~~634435~~871647% 0.000000% 0.000000% 0.000000% 01.~~634435~~871647% 60 Days 0.~~000000~~202429% 0.000000% 0.000000% 0.000000% 0.~~000000~~202429% 0.~~000000~~173293% 0.000000% 0.000000% 0.000000% 0.~~000000~~173293% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~672269~~821862% 0.~~000000~~202429% 0.000000% 0.000000% 02.~~672269~~024291% 02.~~634435~~044941% 0.~~000000~~182074% 0.000000% 0.000000% 02.~~634435~~227015% 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 12 0 0 0 12 ~~253~~460,~~827~~336.0033 0.00 0.00 0.00 ~~253~~460,~~827~~336.0033 60 Days 02 0 0 0 02 0866,764.0024 0.00 0.00 0.00 0866,764.0024 90 Days 0 01 0 0 01 0.00 0128,000.00 0.00 0.00 0128,000.00 120 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 4 1 0 0 05 1 ~~253~~,~~827~~327,100.0057 0128,000.00 0.00 0.00 ~~253~~1,~~827~~455,100.0057 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~126422~~294551% 0.000000% 0.000000% 0.000000% 0.~~126422~~294551% 0.~~082262~~181963% 0.000000% 0.000000% 0.000000% 0.~~082262~~181963% 60 Days 0.~~000000~~294551% 0.000000% 0.000000% 0.000000% 0.~~000000~~294551% 0.~~000000~~342617% 0.000000% 0.000000% 0.000000% 0.~~000000~~342617% 90 Days 0.000000% 0.~~000000~~147275% 0.000000% 0.000000% 0.~~000000~~147275% 0.000000% 0.~~000000~~050596% 0.000000% 0.000000% 0.~~000000~~050596% 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.~~126422~~589102% 0.~~000000~~147275% 0.000000% 0.000000% 0.~~126422~~736377% 0.~~082262~~524580% 0.~~000000~~050596% 0.000000% 0.000000% 0.~~082262~~575176% 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 01 0 0 01 0196,000.00 0.00 0.00 0196,000.00 30 Days 45 0 0 0 45 1,~~139~~516,~~720~~779.0015 0.00 0.00 0.00 1,~~139~~516,~~720~~779.0015 60 Days 01 0 0 0 01 0434,177.0077 0.00 0.00 0.00 0434,177.0077 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 46 01 0 0 47 1,~~139~~950,~~720~~956.0092 0196,000.00 0.00 0.00 12,~~139~~146,~~720~~956.0092 0-29 Days 0.~~000000~~174520% 0.000000% 0.000000% 0.~~000000~~174520% 0.~~000000~~097940% 0.000000% 0.000000% 0.~~000000~~097940% 30 Days 0.~~605144~~872600% 0.000000% 0.000000% 0.000000% 0.~~605144~~872600% 0.~~481792~~757925% 0.000000% 0.000000% 0.000000% 0.~~481792~~757925% 60 Days 0.~~000000~~174520% 0.000000% 0.000000% 0.000000% 0.~~000000~~174520% 0.~~000000~~216956% 0.000000% 0.000000% 0.000000% 0.~~000000~~216956% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~605144~~047120% 0.~~000000~~174520% 0.000000% 0.000000% 01.~~605144~~221640% 0.~~481792~~974881% 0.~~000000~~097940% 0.000000% 0.000000% 01.~~481792~~072821% 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 31 0 0 0 31 ~~713~~96,~~404~~973.0077 0.00 0.00 0.00 ~~713~~96,~~404~~973.0077 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 31 0 0 0 31 ~~713~~96,~~404~~973.0077 0.00 0.00 0.00 ~~713~~96,~~404~~973.0077 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~940439~~348432% 0.000000% 0.000000% 0.000000% 0.~~940439~~348432% 0.~~552006~~083878% 0.000000% 0.000000% 0.000000% 0.~~552006~~083878% 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.~~940439~~348432% 0.000000% 0.000000% 0.000000% 0.~~940439~~348432% 0.~~552006~~083878% 0.000000% 0.000000% 0.000000% 0.~~552006~~083878%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1431,~~358~~245.7166

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~182226~~163483% Weighted Average Net Coupon 4.~~949858~~926811% Weighted Average Pass-Through Rate 4.~~907427~~883645% Weighted Average Maturity (Stepdown Calculation ) ~~358~~352 Beginning Scheduled Collateral Loan Count 2,~~378~~078 Number Of Loans Paid In Full 1245 Ending Scheduled Collateral Loan Count 2,~~366~~033 Beginning Scheduled Collateral Balance ~~879~~750,~~622~~304,~~845~~847.9943 Ending Scheduled Collateral Balance ~~875~~732,~~050~~078,~~430~~157.0333 Ending Actual Collateral Balance at 3130-~~Dec~~Jun-~~2003~~2004 ~~875~~732,~~267~~291,~~666~~398.1970 Monthly P &I Constant 43,~~074~~518,~~145~~724.0470 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 ~~875~~732,~~050~~078,~~430~~157.0333 Scheduled Principal ~~332~~290,~~645~~235.4899 Unscheduled Principal 417,~~239~~936,~~770~~454.4211

~~COLLATERAL~~Miscellaneous ~~STATEMENT~~Reporting ~~Collateral~~Average ~~Description~~Loss ~~Mixed~~Severity ~~ARM~~Group ~~Weighted~~1 ~~Average Coupon Rate 5~~0.~~182226%~~00 ~~Weighted~~ Average ~~Net~~Loss ~~Rate~~Severity ~~4.949858%~~Group ~~Weighted~~2 0.00 Average ~~Pass~~Loss ~~Through~~Severity ~~Rate~~Group 43 0.~~907427%~~00 ~~Weighted~~ Average ~~Maturity~~Loss ~~358~~Severity ~~Record~~Group ~~Date~~4 ~~12/31/2003~~0.00 ~~Principal~~Senior ~~and~~Percentage ~~Interest~~Group ~~Constant~~1 ~~4,074,145~~95.04541128% ~~Beginning~~Senior ~~Loan~~Percentage ~~Count~~Group 2~~,378~~ ~~Loans~~95.524997% ~~Paid~~Senior inPercentage ~~Full~~Group 123 ~~Ending~~95.655004% ~~Loan~~Senior ~~Count~~Percentage ~~2,366~~Group ~~Beginning~~4 ~~Scheduled~~95.844230% ~~Balance~~Senior ~~879,622,845.99~~Prepay ~~Ending~~Percentage ~~Scheduled~~Group ~~Balance~~1 ~~875,050,430~~100.03000000% ~~Ending~~Senior ~~Actual~~Prepay ~~Balance~~Percentage atGroup ~~31-Dec-2003~~2 ~~875,267,666~~100.19000000% ~~Scheduled~~Senior ~~Principal~~Prepay ~~332,645.48~~Percentage ~~Unscheduled~~Group ~~Principal~~3 ~~4,239,770~~100.42000000% ~~Scheduled~~Senior ~~Interest~~Prepay ~~3,798,670.35~~Percentage ~~Servicing~~Group ~~Fee~~4 ~~170,329~~100.92000000% ~~Master~~Subordinate ~~Servicing~~Percentage ~~Fee~~Group 01 4.00458872% ~~Trustee~~Subordinate ~~Fee~~Percentage ~~0.00~~Group ~~FRY~~2 ~~Amount 0~~4.00475003% ~~Special~~Subordinate ~~Hazard~~Percentage ~~Fee~~Group ~~0.00~~3 ~~Other Fee 31,103~~4.09344996% ~~Pool~~Subordinate ~~Insurance~~Percentage ~~Fee~~Group ~~0.00~~4 ~~Spread 1 0~~4.00155770% ~~Spread~~Subordinate 2Prepay ~~0.00~~Percentage ~~Spread~~Group 31 0.00000000% ~~Net~~Subordinate ~~Interest~~Prepay ~~3,597,237.34~~Percentage ~~Realized~~Group ~~Loss~~2 ~~Amount~~ 0.00000000% ~~Cumulative~~Subordinate ~~Realized~~Prepay ~~Loss 0.00~~ Percentage ofGroup ~~Cumulative~~3 ~~Losses~~ 0.~~0000~~000000% ~~Special~~Subordinate ~~Servicing~~Prepay ~~Fee~~Percentage ~~0.00~~Group ~~Prepayment~~4 ~~Penalties~~ 0.00000000%

~~Miscellaneous~~Group ~~Reporting~~Level ~~Average~~Collateral ~~Loss~~Statement ~~Severity~~Group Group 1 ~~0.00~~Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average ~~Loss~~Coupon ~~Severity~~Rate ~~Group~~4.633794 25.228552 05.00333726 Weighted Average ~~Loss~~Net ~~Severity~~Rate ~~Group~~4.402454 35.017160 05.00086684 Weighted Average ~~Loss~~Maturity ~~Severity~~352 ~~Group~~352 4352 0Beginning Loan Count 510 694 584 Loans Paid In Full 16 15 11 Ending Loan Count 494 679 573 Beginning Scheduled Balance 170,050,570.0017 ~~Senior~~259,132,843.34 ~~Percentage~~204,328,174.48 ~~Group~~Ending 1scheduled 96Balance 163,538,015.~~250000%~~31 ~~Senior~~252,908,539.15 ~~Percentage~~200,050,242.30 ~~Group~~Record 2Date 9606/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 704,340.~~250000%~~37 ~~Senior~~1,229,103.67 ~~Percentage~~1,004,623.16 ~~Group~~Scheduled 3Principal 47,690.88 100,029.05 96,431.~~250000%~~01 ~~Senior~~Unscheduled ~~Percentage~~Principal ~~Group~~6,464,863.98 6,124,275.14 4,181,501.17 96Scheduled Interest 656,649.~~250000%~~49 ~~Senior~~1,129,074.62 ~~Prepay~~908,192.15 ~~Percentage~~Servicing ~~Group~~Fees 132,782.91 ~~100~~45,648.~~000000%~~79 ~~Senior~~42,064.71 ~~Prepay~~Master ~~Percentage~~Servicing ~~Group~~Fees 20.00 ~~100~~0.~~000000%~~00 ~~Senior~~0.00 ~~Prepay~~Trustee ~~Percentage~~Fee ~~Group~~0.00 30.00 ~~100~~0.~~000000%~~00 ~~Senior~~FRY ~~Prepay~~Amount ~~Percentage~~0.00 ~~Group~~0.00 40.00 ~~100~~Special Hazard Fee 0.~~000000%~~00 ~~Subordinate~~0.00 ~~Percentage~~0.00 ~~Group~~Other 1Fee 6,344.13 16,379.72 3,173.~~750000%~~13 ~~Subordinate~~Pool ~~Percentage~~Insurance ~~Group~~Fee 20.00 30.~~750000%~~00 ~~Subordinate~~0.00 ~~Percentage~~Spread ~~Group~~Fee 31 30.~~750000%~~00 ~~Subordinate~~0.00 ~~Percentage~~0.00 ~~Group~~Spread 4Fee 2 0.00 0.00 0.00 Spread Fee 3 0.~~750000%~~00 ~~Subordinate~~0.00 ~~Prepay~~0.00 ~~Percentage~~Net ~~Group~~Interest 617,522.45 1,067,046.11 862,954.31 Realized Loss Amount 0.~~000000%~~00 ~~Subordinate~~0.00 ~~Prepay~~0.00 ~~Percentage~~Cumulative ~~Group~~Realized 2Loss 0.~~000000%~~00 ~~Subordinate~~0.00 ~~Prepay~~0.00 Percentage ~~Group~~of 3Cumulative Losses 0.~~000000%~~0000 ~~Subordinate~~0.0000 ~~Prepay~~0.0000 ~~Percentage~~Prepayment ~~Group~~Penalties 40.00 0.~~000000%~~00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.357686 4.941309 5.068049

Group Level Collateral Statement Group Group 14 ~~Group~~Total ~~2 Group 3~~ Collateral Description Mixed ARM Mixed ARM ~~Mixed ARM~~ Weighted Average Coupon Rate ~~4.663477~~ 5.~~266696~~492500 5.~~335677~~163483 Weighted Average Net Rate ~~4.434552~~ 5.~~054280~~210114 54.~~099642~~926811 Weighted Average Maturity ~~358~~352 ~~358~~352 ~~358~~ Beginning Loan Count ~~600~~290 ~~796~~2,078 ~~662~~ Loans Paid In Full 53 545 1 Ending Loan Count ~~595~~287 ~~791~~2,033 ~~661~~ Beginning Scheduled Balance ~~202~~116,~~538~~793,~~087~~259.1544 ~~309~~750,~~950~~304,~~895~~847.7643 ~~237,400,208.47~~ Ending scheduled Balance ~~200~~115,~~871~~581,~~246~~360.~~43 308,481,708.~~57 ~~236~~732,~~493~~078,~~146~~157.4733 Record Date 1206/3130/~~2003~~2004 1206/3130/~~2003~~2004 ~~12/31/2003~~ Principal And Interest Constant ~~836~~580,~~465~~657.9050 13,~~473~~518,~~387~~724.5470 ~~1,117,644.69~~ Scheduled Principal 5646,~~465~~085.1405 ~~121~~290,~~163~~235.2999 ~~104,007.51~~ Unscheduled Principal 1,~~610~~165,~~375~~813.5882 117,~~348~~936,~~023~~454.9011 ~~803,054.49~~ Scheduled Interest ~~787~~534,~~109~~572.7245 13,~~360~~228,~~347~~488.5871 ~~1,055,575.68~~ Servicing Fees ~~38,638.~~27 54,~~865~~483.3798 46147,~~695~~980.6239 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 81,~~138~~092.2555 1826,~~161~~989.8253 ~~3,547.98~~ 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 ~~740~~505,~~333~~995.2092 13,~~287~~053,~~320~~518.3979 ~~1,005,332.08~~ 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 45.~~386335~~198888 4.~~983965 5.081708~~883645

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.509479 5.182226 Weighted Average Net Rate 5.230779 4.949858 Weighted Average Maturity 358 358 Beginning Loan Count 320 2,378 Loans Paid In Full 1 12 Ending Loan Count 319 2,366 Beginning Scheduled Balance 129,733,654.55 879,622,845.93 Ending scheduled Balance 129,204,328.56 875,050,430.03 Record Date 12/31/2003 12/31/2003 Principal And Interest Constant 646,646.91 4,074,145.04 Scheduled Principal 51,009.54 332,645.48 Unscheduled Principal 478,316.45 4,239,770.42 Scheduled Interest 595,637.37 3,798,670.35 Servicing Fees 30,130.66 170,329.92 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 1,255.04 31,103.09 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 564,251.67 3,597,237.34 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.219170 4.907427

Filing Compare · MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-9