8-K 1 bst03008.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 2003-8 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 July 26, 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 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 2003-8 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: 8/4/04 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 July 26, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 26/2930/~~2004~~04 Distribution Date: 37/2526/~~2004~~04 BST Series: 2003-8 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MZQ8 SEN 4.~~38015~~33843% ~~160~~128,~~089~~022,~~758~~434.1259 ~~584~~462,~~347~~846.2854 52,~~726~~268,~~358~~333.2507 I-A-2 07384MZR6 SEN 4.~~38015~~33843% 108,~~228~~179,~~043~~280.4239 3729,~~333~~571.6100 ~~365~~144,~~853~~922.7751 II-A-1 07384MZS4 SEN 4.~~94666~~91968% ~~217~~172,~~186~~139,~~230~~391.8795 ~~895~~705,~~288~~724.7584 106,~~655~~769,~~748~~177.7336 II-A-2 07384MZT2 SEN 4.~~94666~~91968% 1310,~~875~~997,~~725~~746.8907 5745,~~198~~087.7578 ~~680~~432,~~780~~473.9532 III-A 07384MZU9 SEN 5.~~24360~~22397% 5040,~~187~~158,~~720~~050.1672 ~~219~~174,~~303~~820.7926 1,~~833~~409,~~657~~435.0761 IV-A-1 07384MZV7 SEN 4.~~82523~~79250% ~~212~~175,~~568~~413,~~684~~760.5782 ~~854~~700,~~743~~558.3115 56,~~000~~128,~~913~~384.9468 IV-A-2 07384MZW5 SEN 4.~~82523~~79250% 1311,~~580~~207,~~818~~024.7768 5444,~~608~~758.7702 ~~319~~391,~~503~~536.8289 V-A 07384MZX3 SEN 4.~~41281~~40086% 3938,~~431~~094,~~446~~167.9046 ~~145~~139,~~002~~705.8778 4046,~~702~~966.9674 R-I 07384MZY1 SEN 4.~~38682~~38823% 0.00 0.00 0.00 R-II 07384MZZ8 SEN 4.~~38682~~38823% 0.00 0.00 0.00 B-1 07384MA28 SUB 4.~~76511~~73396% 15,~~878~~831,~~211~~075.1861 6362,~~051~~453.1507 11,~~671~~918.9752 B-2 07384MA36 SUB 4.~~76511~~73396% 6,~~196~~177,~~353~~958.1988 24,~~605~~371.2485 4,~~554~~651.9011 B-3 07384MA44 SUB 4.~~76511~~73396% 4,~~647~~633,~~339~~543.7378 18,~~454~~279.2318 3,~~416~~488.2339 B-4 07384MA51 SUB 4.~~76511~~73396% 1,~~936~~930,~~191~~444.9826 7,~~688~~615.4754 1,~~423~~453.2835 B-5 07384MA69 SUB 4.~~76511~~73396% 2,~~323~~316,~~669~~771.8789 9,~~227~~139.1159 1,~~708~~744.1120 B-6 07384MA77 SUB 4.~~76511~~73396% 1,~~936~~930,~~669~~919.1097 7,~~690~~617.3642 1,~~423~~453.6370 Totals ~~750~~617,~~066~~032,~~863~~571.7507 2,~~978~~432,~~543~~549.6902 2417,~~647~~615,~~717~~939.6145

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~154~~125,~~363~~754,~~399~~101.8752 62,~~310~~731,~~705~~179.5361 0.00 I-A-2 0.00 98,~~862~~034,~~189~~357.6689 ~~403~~174,~~187~~493.3851 0.00 II-A-1 0.00 ~~206~~165,~~530~~370,~~482~~214.1459 117,~~551~~474,~~037~~902.4820 0.00 II-A-2 0.00 1310,~~194~~565,~~944~~272.9475 ~~737~~477,~~979~~561.7010 0.00 III-A 0.00 4838,~~354~~748,~~063~~615.0910 21,~~052~~584,~~960~~255.8687 0.00 IV-A-1 0.00 ~~207~~169,~~567~~285,~~770~~376.6414 56,~~855~~828,~~657~~942.2583 0.00 IV-A-2 0.00 1310,~~261~~815,~~314~~487.9579 ~~374~~436,~~112~~294.5991 0.00 V-A 0.00 3938,~~390~~047,~~743~~200.9472 ~~185~~186,~~705~~672.8352 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 15,~~866~~819,~~539~~157.2108 74,~~723~~371.1259 0.00 B-2 0.00 6,~~191~~173,~~798~~307.2977 29,~~160~~022.1496 0.00 B-3 0.00 4,~~643~~630,~~923~~055.5039 21,~~870~~767.4657 0.00 B-4 0.00 1,~~934~~928,~~768~~990.7091 9,~~111~~068.7589 0.00 B-5 0.00 2,~~321~~315,~~961~~027.7570 10,~~935~~883.2279 0.00 B-6 0.00 1,~~935~~929,~~245~~466.4727 9,~~113~~071.9912 0.00 Totals 0.00 ~~725~~599,~~419~~416,~~146~~631.1562 2720,~~626~~048,~~261~~488.3047 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 ~~160~~128,~~089~~022,~~758~~434.1259 6857,~~738~~288.2102 52,~~657~~211,~~620~~045.0405 0.00 0.00 I-A-2 10,623,100.00 108,~~228~~179,~~043~~280.4239 43,~~391~~660.6510 ~~361~~141,~~462~~262.1241 0.00 0.00 II-A-1 224,194,900.00 ~~217~~172,~~186~~139,~~230~~391.8795 ~~154~~126,~~212~~201.0532 106,~~501~~642,~~536~~976.6804 0.00 0.00 II-A-2 14,323,500.00 1310,~~875~~997,~~725~~746.8907 98,~~852~~062.3983 ~~670~~424,~~928~~410.5649 0.00 0.00 III-A 51,525,800.00 5040,~~187~~158,~~720~~050.1672 3124,~~937~~819.4084 1,~~801~~384,~~719~~615.6777 0.00 0.00 IV-A-1 222,318,100.00 ~~212~~175,~~568~~413,~~684~~760.5782 ~~225~~189,~~055~~204.2983 45,~~775~~939,~~858~~179.6585 0.00 0.00 IV-A-2 14,203,700.00 1311,~~580~~207,~~818~~024.7768 1412,~~378~~088.5812 ~~305~~379,~~125~~448.2477 0.00 0.00 V-A 39,738,800.00 3938,~~431~~094,~~446~~167.9046 1718,~~804~~075.3299 2228,~~898~~890.6475 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 15,911,900.00 15,~~878~~831,~~211~~075.1861 11,~~671~~918.9752 0.00 0.00 0.00 B-2 6,209,500.00 6,~~196~~177,~~353~~958.1988 4,~~554~~651.9011 0.00 0.00 0.00 B-3 4,657,200.00 4,~~647~~633,~~339~~543.7378 3,~~416~~488.2339 0.00 0.00 0.00 B-4 1,940,300.00 1,~~936~~930,~~191~~444.9826 1,~~423~~453.2835 0.00 0.00 0.00 B-5 2,328,600.00 2,~~323~~316,~~669~~771.8789 1,~~708~~744.1120 0.00 0.00 0.00 B-6 1,940,777.96 1,~~936~~930,~~669~~919.1097 1,~~423~~453.6370 0.00 0.00 0.00 Totals 776,189,477.96 ~~750~~617,~~066~~032,~~863~~571.7507 ~~550~~464,~~568~~110.0132 2417,~~097~~151,~~149~~829.6013 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 52,~~726~~268,~~358~~333.2507 ~~154~~125,~~363~~754,~~399~~101.8752 0.~~92837210~~75631011 52,~~726~~268,~~358~~333.2507 I-A-2 ~~365~~144,~~853~~922.7751 98,~~862~~034,~~189~~357.6689 0.~~92837210~~75631011 ~~365~~144,~~853~~922.7751 II-A-1 106,~~655~~769,~~748~~177.7336 ~~206~~165,~~530~~370,~~482~~214.1459 0.~~92120955~~73761809 106,~~655~~769,~~748~~177.7336 II-A-2 ~~680~~432,~~780~~473.9532 1310,~~194~~565,~~944~~272.9475 0.~~92120955~~73761809 ~~680~~432,~~780~~473.9532 III-A 1,~~833~~409,~~657~~435.0761 4838,~~354~~748,~~063~~615.0910 0.~~93844371~~75202355 1,~~833~~409,~~657~~435.0761 IV-A-1 56,~~000~~128,~~913~~384.9468 ~~207~~169,~~567~~285,~~770~~376.6414 0.~~93365214~~76145566 56,~~000~~128,~~913~~384.9468 IV-A-2 ~~319~~391,~~503~~536.8289 1310,~~261~~815,~~314~~487.9579 0.~~93365214~~76145566 ~~319~~391,~~503~~536.8289 V-A 4046,~~702~~966.9674 3938,~~390~~047,~~743~~200.9472 0.~~99124140~~95743205 4046,~~702~~966.9674 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 11,~~671~~918.9752 15,~~866~~819,~~539~~157.2108 0.~~99714925~~99417147 11,~~671~~918.9752 B-2 4,~~554~~651.9011 6,~~191~~173,~~798~~307.2977 0.~~99714925~~99417147 4,~~554~~651.9011 B-3 3,~~416~~488.2339 4,~~643~~630,~~923~~055.5039 0.~~99714925~~99417147 3,~~416~~488.2339 B-4 1,~~423~~453.2835 1,~~934~~928,~~768~~990.7091 0.~~99714926~~99417147 1,~~423~~453.2835 B-5 1,~~708~~744.1120 2,~~321~~315,~~961~~027.7570 0.~~99714925~~99417148 1,~~708~~744.1120 B-6 1,~~423~~453.6370 1,~~935~~929,~~245~~466.4727 0.~~99714934~~99417157 1,~~423~~453.6370 Totals 2417,~~647~~615,~~717~~939.6145 ~~725~~599,~~419~~416,~~146~~631.1562 0.~~93459029~~77225555 2417,~~647~~615,~~717~~939.6145

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 ~~962~~769.~~81155424~~95231096 0.~~41340523~~34454151 3413.~~02604894~~29766342 0.00000000 I-A-2 10,623,100.00 ~~962~~769.~~81155407~~95231053 0.~~41340569~~34454161 3413.~~02604889~~29766358 0.00000000 II-A-1 224,194,900.00 ~~968~~767.~~73849882~~81136391 0.~~68784816~~56290897 4629.~~84110424~~63036198 0.00000000 II-A-2 14,323,500.00 ~~968~~767.~~73849897~~81136384 0.~~68784794~~56290921 4629.~~84110448~~63036199 0.00000000 III-A 51,525,800.00 ~~974~~779.~~03087696~~37752970 0.~~61983317~~48169732 3426.~~96733035~~87228088 0.00000000 IV-A-1 222,318,100.00 ~~956~~789.~~14655114~~02150036 10.~~01231204~~85105455 2126.~~48209547~~71478323 0.00000000 IV-A-2 14,203,700.00 ~~956~~789.~~14655125~~02150003 10.~~01231228~~85105430 2126.~~48209551~~71478347 0.00000000 V-A 39,738,800.00 ~~992~~958.~~26566731~~61393550 0.~~44803366~~45487005 0.~~57622877~~72701617 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 ~~997~~994.~~88279087~~92050666 0.~~73353716~~74903186 0.00000000 0.00000000 B-2 6,209,500.00 ~~997~~994.~~88279088~~92050568 0.~~73353732~~74903132 0.00000000 0.00000000 B-3 4,657,200.00 ~~997~~994.~~88279009~~92050588 0.~~73353732~~74903161 0.00000000 0.00000000 B-4 1,940,300.00 ~~997~~994.~~88279132~~92050714 0.~~73353605~~74903365 0.00000000 0.00000000 B-5 2,328,600.00 ~~997~~994.~~88279224~~92050588 0.~~73353517~~74903375 0.00000000 0.00000000 B-6 1,940,777.96 ~~997~~994.~~88287991~~92059875 0.~~73353574~~74902953 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 3413.~~43945416~~64220494 ~~928~~756.~~37210007~~31010602 0.~~92837210~~75631011 3413.~~43945416~~64220494 I-A-2 0.00000000 3413.~~43945458~~64220519 ~~928~~756.~~37210042~~31010628 0.~~92837210~~75631011 3413.~~43945458~~64220519 II-A-1 0.00000000 4730.~~52895240~~19327094 ~~921~~737.~~20954643~~61809296 0.~~92120955~~73761809 4730.~~52895240~~19327094 II-A-2 0.00000000 4730.~~52895242~~19327120 ~~921~~737.~~20954655~~61809264 0.~~92120955~~73761809 4730.~~52895242~~19327120 III-A 0.00000000 3527.~~58716352~~35397820 ~~938~~752.~~44371344~~02355131 0.~~93844371~~75202355 3527.~~58716352~~35397820 IV-A-1 0.00000000 2227.~~49440752~~56583778 ~~933~~761.~~65214366~~45566258 0.~~93365214~~76145566 2227.~~49440752~~56583778 IV-A-2 0.00000000 2227.~~49440780~~56583777 ~~933~~761.~~65214346~~45566226 0.~~93365214~~76145566 2227.~~49440780~~56583777 V-A 0.00000000 1.~~02426243~~18188622 ~~991~~957.~~24140487~~43204928 0.~~99124140~~95743205 1.~~02426243~~18188622 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~73353716~~74903186 ~~997~~994.~~14925370~~17147418 0.~~99714925~~99417147 0.~~73353716~~74903186 B-2 0.00000000 0.~~73353732~~74903132 ~~997~~994.~~14925356~~17147435 0.~~99714925~~99417147 0.~~73353732~~74903132 B-3 0.00000000 0.~~73353732~~74903161 ~~997~~994.~~14925277~~17147428 0.~~99714925~~99417147 0.~~73353732~~74903161 B-4 0.00000000 0.~~73353605~~74903365 ~~997~~994.~~14925527~~17147348 0.~~99714926~~99417147 0.~~73353605~~74903365 B-5 0.00000000 0.~~73353517~~74903375 ~~997~~994.~~14925277~~17147642 0.~~99714925~~99417148 0.~~73353517~~74903375 B-6 0.00000000 0.~~73353574~~74902953 ~~997~~994.~~14934417~~17156922 0.~~99714934~~99417157 0.~~73353574~~74902953 (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.~~38015~~33843% ~~160~~128,~~089~~022,~~758~~434.1259 ~~584~~462,~~347~~846.2954 0.00 0.00 I-A-2 10,623,100.00 4.~~38015~~33843% 108,~~228~~179,~~043~~280.4239 3729,~~333~~571.6200 0.00 0.00 II-A-1 224,194,900.00 4.~~94666~~91968% ~~217~~172,~~186~~139,~~230~~391.8795 ~~895~~705,~~288~~724.7684 0.00 0.00 II-A-2 14,323,500.00 4.~~94666~~91968% 1310,~~875~~997,~~725~~746.8907 5745,~~198~~087.7578 0.00 0.00 III-A 51,525,800.00 5.~~24360~~22397% 5040,~~187~~158,~~720~~050.1672 ~~219~~174,~~303~~820.7926 0.00 0.00 IV-A-1 222,318,100.00 4.~~82523~~79250% ~~212~~175,~~568~~413,~~684~~760.5782 ~~854~~700,~~743~~558.3215 0.00 0.00 IV-A-2 14,203,700.00 4.~~82523~~79250% 1311,~~580~~207,~~818~~024.7768 5444,~~608~~758.7702 0.00 0.00 V-A 39,738,800.00 4.~~41281~~40086% 3938,~~431~~094,~~446~~167.9046 ~~145~~139,~~002~~705.8878 0.00 0.00 R-I 50.00 4.~~38682~~38823% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~38682~~38823% 0.00 0.00 0.00 0.00 B-1 15,911,900.00 4.~~76511~~73396% 15,~~878~~831,~~211~~075.1861 6362,~~051~~453.1507 0.00 0.00 B-2 6,209,500.00 4.~~76511~~73396% 6,~~196~~177,~~353~~958.1988 24,~~605~~371.2485 0.00 0.00 B-3 4,657,200.00 4.~~76511~~73396% 4,~~647~~633,~~339~~543.7378 18,~~454~~279.2318 0.00 0.00 B-4 1,940,300.00 4.~~76511~~73396% 1,~~936~~930,~~191~~444.9826 7,~~688~~615.4754 0.00 0.00 B-5 2,328,600.00 4.~~76511~~73396% 2,~~323~~316,~~669~~771.8789 9,~~227~~139.1159 0.00 0.00 B-6 1,940,777.96 4.~~76511~~73396% 1,~~936~~930,~~669~~919.1097 7,~~690~~617.3642 0.00 0.00 Totals 776,189,477.96 2,~~978~~432,~~543~~549.7402 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 ~~584~~462,~~347~~846.2854 0.00 ~~154~~125,~~363~~754,~~399~~101.8752 I-A-2 0.00 0.00 3729,~~333~~571.6100 0.00 98,~~862~~034,~~189~~357.6689 II-A-1 0.00 0.00 ~~895~~705,~~288~~724.7584 0.00 ~~206~~165,~~530~~370,~~482~~214.1459 II-A-2 0.00 0.00 5745,~~198~~087.7578 0.00 1310,~~194~~565,~~944~~272.9475 III-A 0.00 0.00 ~~219~~174,~~303~~820.7926 0.00 4838,~~354~~748,~~063~~615.0910 IV-A-1 0.00 0.00 ~~854~~700,~~743~~558.3115 0.00 ~~207~~169,~~567~~285,~~770~~376.6414 IV-A-2 0.00 0.00 5444,~~608~~758.7702 0.00 1310,~~261~~815,~~314~~487.9579 V-A 0.00 0.00 ~~145~~139,~~002~~705.8778 0.00 3938,~~390~~047,~~743~~200.9472 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 6362,~~051~~453.1507 0.00 15,~~866~~819,~~539~~157.2108 B-2 0.00 0.00 24,~~605~~371.2485 0.00 6,~~191~~173,~~798~~307.2977 B-3 0.00 0.00 18,~~454~~279.2318 0.00 4,~~643~~630,~~923~~055.5039 B-4 0.00 0.00 7,~~688~~615.4754 0.00 1,~~934~~928,~~768~~990.7091 B-5 0.00 0.00 9,~~227~~139.1159 0.00 2,~~321~~315,~~961~~027.7570 B-6 0.00 0.00 7,~~690~~617.3642 0.00 1,~~935~~929,~~245~~466.4727 Totals 0.00 0.00 2,~~978~~432,~~543~~549.6902 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.~~38015~~33843% ~~962~~769.~~81155424~~95231096 32.~~51438049~~78365088 0.00000000 0.00000000 I-A-2 10,623,100.00 4.~~38015~~33843% ~~962~~769.~~81155407~~95231053 32.~~51438092~~78365072 0.00000000 0.00000000 II-A-1 224,194,900.00 4.~~94666~~91968% ~~968~~767.~~73849882~~81136391 3.~~99335025~~14781844 0.00000000 0.00000000 II-A-2 14,323,500.00 4.~~94666~~91968% ~~968~~767.~~73849897~~81136384 3.~~99335009~~14781862 0.00000000 0.00000000 III-A 51,525,800.00 5.~~24360~~22397% ~~974~~779.~~03087696~~37752970 43.~~25619379~~39286843 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.~~82523~~79250% ~~956~~789.~~14655114~~02150036 3.~~84468615~~15115211 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.~~82523~~79250% ~~956~~789.~~14655125~~02150003 3.~~84468624~~15115216 0.00000000 0.00000000 V-A 39,738,800.00 4.~~41281~~40086% ~~992~~958.~~26566731~~61393550 3.~~64889931~~51560138 0.00000000 0.00000000 R-I 50.00 4.~~38682~~38823% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~38682~~38823% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.~~76511~~73396% ~~997~~994.~~88279087~~92050666 3.~~96251548~~92492851 0.00000000 0.00000000 B-2 6,209,500.00 4.~~76511~~73396% ~~997~~994.~~88279088~~92050568 3.~~96251550~~92492954 0.00000000 0.00000000 B-3 4,657,200.00 4.~~76511~~73396% ~~997~~994.~~88279009~~92050588 3.~~96251610~~92492914 0.00000000 0.00000000 B-4 1,940,300.00 4.~~76511~~73396% ~~997~~994.~~88279132~~92050714 3.~~96251611~~92492913 0.00000000 0.00000000 B-5 2,328,600.00 4.~~76511~~73396% ~~997~~994.~~88279224~~92050588 3.~~96251396~~92492914 0.00000000 0.00000000 B-6 1,940,777.96 4.~~76511~~73396% ~~997~~994.~~88287991~~92059875 3.~~96251408~~92493122 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 32.~~51438043~~78365088 0.00000000 ~~928~~756.~~37210007~~31010602 I-A-2 0.00000000 0.00000000 32.~~51437998~~78365072 0.00000000 ~~928~~756.~~37210042~~31010628 II-A-1 0.00000000 0.00000000 3.~~99335021~~14781844 0.00000000 ~~921~~737.~~20954643~~61809296 II-A-2 0.00000000 0.00000000 3.~~99335009~~14781862 0.00000000 ~~921~~737.~~20954655~~61809264 III-A 0.00000000 0.00000000 43.~~25619379~~39286843 0.00000000 ~~938~~752.~~44371344~~02355131 IV-A-1 0.00000000 0.00000000 3.~~84468611~~15115211 0.00000000 ~~933~~761.~~65214366~~45566258 IV-A-2 0.00000000 0.00000000 3.~~84468624~~15115216 0.00000000 ~~933~~761.~~65214346~~45566226 V-A 0.00000000 0.00000000 3.~~64889906~~51560138 0.00000000 ~~991~~957.~~24140487~~43204928 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~96251548~~92492851 0.00000000 ~~997~~994.~~14925370~~17147418 B-2 0.00000000 0.00000000 3.~~96251550~~92492954 0.00000000 ~~997~~994.~~14925356~~17147435 B-3 0.00000000 0.00000000 3.~~96251610~~92492914 0.00000000 ~~997~~994.~~14925277~~17147428 B-4 0.00000000 0.00000000 3.~~96251611~~92492913 0.00000000 ~~997~~994.~~14925527~~17147348 B-5 0.00000000 0.00000000 3.~~96251396~~92492914 0.00000000 ~~997~~994.~~14925277~~17147642 B-6 0.00000000 0.00000000 3.~~96251408~~92493122 0.00000000 ~~997~~994.~~14934417~~17156922 (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 2720,~~794~~177,~~237~~405.0127 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 44,~~123~~460.4511 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2720,~~838~~221,~~360~~865.4638 Withdrawals Reimbursement for Servicer Advances 4737,~~165~~368.0157 Payment of Service Fee ~~164~~136,~~934~~008.1534 Payment of Interest and Principal 2720,~~626~~048,~~261~~488.3047 Total Withdrawals (Pool Distribution Amount) 2720,~~838~~221,~~360~~865.4638 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~161~~132,~~110~~902.3036 Miscellaneous Fee 3,~~823~~105.8598 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~164~~136,~~934~~008.1534

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 01 0 0 01 075,185.0032 0.00 0.00 075,185.0032 30 Days 1714 0 0 0 1714 85,~~632~~855,~~400~~711.7619 0.00 0.00 0.00 85,~~632~~855,~~400~~711.7619 60 Days 14 0 0 0 14 ~~350~~2,~~000~~154,782.0097 0.00 0.00 0.00 ~~350~~2,~~000~~154,782.0097 90 Days 21 0 0 0 2 1 309,~~110,000~~135.0088 0.00 0.00 0.00 1309,~~110,000~~135.0088 120 Days 10 0 0 0 10 ~~310,832~~0.4200 0.00 0.00 0.00 ~~310,832~~0.4200 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 01 01 0.00 0.00 0.00 0560,000.00 0560,000.00 Totals 2119 01 0 01 21 108,~~403~~319,~~233~~630.1804 075,185.0032 0.00 0560,000.00 108,~~403~~954,~~233~~815.1836 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~~066934% 0.000000% 0.000000% 0.~~000000~~066934% 0.~~000000~~012535% 0.000000% 0.000000% 0.~~000000~~012535% 30 Days 0.~~959368~~937082% 0.000000% 0.000000% 0.000000% 0.~~959368~~937082% 10.~~189269~~976305% 0.000000% 0.000000% 0.000000% 10.~~189269~~976305% 60 Days 0.~~056433~~267738% 0.000000% 0.000000% 0.000000% 0.~~056433~~267738% 0.~~048219~~359260% 0.000000% 0.000000% 0.000000% 0.~~048219~~359260% 90 Days 0.~~112867~~066934% 0.000000% 0.000000% 0.000000% 0.~~112867~~066934% 0.~~152923~~051541% 0.000000% 0.000000% 0.000000% 0.~~152923~~051541% 120 Days 0.~~056433~~000000% 0.000000% 0.000000% 0.000000% 0.~~056433~~000000% 0.~~042823~~000000% 0.000000% 0.000000% 0.000000% 0.~~042823~~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~~066934% 0.~~000000~~066934% 0.000000% 0.000000% 0.000000% 0.~~000000~~093367% 0.~~000000~~093367% Totals 1.~~185102~~271754% 0.~~000000~~066934% 0.000000% 0.~~000000~~066934% 1.~~185102~~405622% 1.~~433234~~387106% 0.~~000000~~012535% 0.000000% 0.~~000000~~093367% 1.~~433234~~493009%

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 53 0 0 0 53 21,~~950~~247,~~399~~765.0096 0.00 0.00 0.00 21,~~950~~247,~~399~~765.0096 60 Days 02 0 0 0 02 0906,899.0053 0.00 0.00 0.00 0906,899.0053 90 Days 10 0 0 0 10 ~~560,000~~0.00 0.00 0.00 0.00 ~~560,000~~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 01 01 0.00 0.00 0.00 0560,000.00 0560,000.00 Totals 65 0 0 01 6 32,~~510~~154,~~399~~665.0049 0.00 0.00 0560,000.00 32,~~510~~714,~~399~~665.0049 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~492537~~079137% 0.000000% 0.000000% 0.000000% 1.~~492537~~079137% 10.~~714161~~880814% 0.000000% 0.000000% 0.000000% 10.~~714161~~880814% 60 Days 0.~~000000~~719424% 0.000000% 0.000000% 0.000000% 0.~~000000~~719424% 0.~~000000~~640192% 0.000000% 0.000000% 0.000000% 0.~~000000~~640192% 90 Days 0.~~298507~~000000% 0.000000% 0.000000% 0.000000% 0.~~298507~~000000% 0.~~325356~~000000% 0.000000% 0.000000% 0.000000% 0.~~325356~~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~~359712% 0.~~000000~~359712% 0.000000% 0.000000% 0.000000% 0.~~000000~~395311% 0.~~000000~~395311% Totals 1.~~791045~~798561% 0.000000% 0.000000% 0.~~000000~~359712% 12.~~791045~~158273% 21.~~039517~~521006% 0.000000% 0.000000% 0.~~000000~~395311% 21.~~039517~~916317% 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 4 0 0 0 4 2,~~009~~228,~~392~~569.3220 0.00 0.00 0.00 2,~~009~~228,~~392~~569.3220 60 Days 10 0 0 0 10 ~~350,000~~0.00 0.00 0.00 0.00 ~~350,000~~0.00 90 Days 10 0 0 0 10 ~~550,000~~0.00 0.00 0.00 0.00 ~~550,000~~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 64 0 0 0 64 2,~~909~~228,~~392~~569.3220 0.00 0.00 0.00 2,~~909~~228,~~392~~569.3220 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~847458~~028278% 0.000000% 0.000000% 0.000000% 01.~~847458~~028278% 01.~~872077~~194457% 0.000000% 0.000000% 0.000000% 01.~~872077~~194457% 60 Days 0.~~211864~~000000% 0.000000% 0.000000% 0.000000% 0.~~211864~~000000% 0.~~151900~~000000% 0.000000% 0.000000% 0.000000% 0.~~151900~~000000% 90 Days 0.~~211864~~000000% 0.000000% 0.000000% 0.000000% 0.~~211864~~000000% 0.~~238700~~000000% 0.000000% 0.000000% 0.000000% 0.~~238700~~000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~271186~~028278% 0.000000% 0.000000% 0.000000% 1.~~271186~~028278% 1.~~262677~~194457% 0.000000% 0.000000% 0.000000% 1.~~262677~~194457% 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 04 0 0 0 04 01,814,589.0056 0.00 0.00 0.00 01,814,589.0056 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 04 0 0 0 04 01,814,589.0056 0.00 0.00 0.00 01,814,589.0056 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~000000~~123711% 0.000000% 0.000000% 0.000000% 04.~~000000~~123711% 04.~~000000~~420948% 0.000000% 0.000000% 0.000000% 04.~~000000~~420948% 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 04.~~000000~~123711% 0.000000% 0.000000% 0.000000% 04.~~000000~~123711% 04.~~000000~~420948% 0.000000% 0.000000% 0.000000% 04.~~000000~~420948% 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 01 0 0 01 075,185.0032 0.00 0.00 075,185.0032 30 Days 83 0 0 0 8 3 564,~~672,609~~786.4447 0.00 0.00 0.00 3564,~~672,609~~786.4447 60 Days 02 0 0 0 02 01,247,883.0044 0.00 0.00 0.00 01,247,883.0044 90 Days 01 0 0 0 01 0309,135.0088 0.00 0.00 0.00 0309,135.0088 120 Days 10 0 0 0 10 ~~310,832~~0.4200 0.00 0.00 0.00 ~~310,832~~0.4200 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 96 01 0 0 97 32,~~983~~121,~~441~~805.8679 075,185.0032 0.00 0.00 32,~~983~~196,~~441~~991.8611 0-29 Days 0.~~000000~~153139% 0.000000% 0.000000% 0.~~000000~~153139% 0.~~000000~~039430% 0.000000% 0.000000% 0.~~000000~~039430% 30 Days 10.~~034929~~459418% 0.000000% 0.000000% 0.000000% 10.~~034929~~459418% 10.~~586458~~296192% 0.000000% 0.000000% 0.000000% 10.~~586458~~296192% 60 Days 0.~~000000~~306279% 0.000000% 0.000000% 0.000000% 0.~~000000~~306279% 0.~~000000~~654430% 0.000000% 0.000000% 0.000000% 0.~~000000~~654430% 90 Days 0.~~000000~~153139% 0.000000% 0.000000% 0.000000% 0.~~000000~~153139% 0.~~000000~~162121% 0.000000% 0.000000% 0.000000% 0.~~000000~~162121% 120 Days 0.~~129366~~000000% 0.000000% 0.000000% 0.000000% 0.~~129366~~000000% 0.~~134270~~000000% 0.000000% 0.000000% 0.000000% 0.~~134270~~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.~~164295~~918836% 0.~~000000~~153139% 0.000000% 0.000000% 1.~~164295~~071975% 1.~~720728~~112742% 0.~~000000~~039430% 0.000000% 0.000000% 1.~~720728~~152172% 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 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 44,~~123~~460.4511

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 54.~~029116~~995310% Weighted Average Net Coupon 4.~~771363~~736842% Weighted Average Pass-Through Rate 4.~~765245~~730802% Weighted Average Maturity(Stepdown Calculation ) ~~355~~351 Beginning Scheduled Collateral Loan Count 1,~~818~~538 Number Of Loans Paid In Full 4644 Ending Scheduled Collateral Loan Count 1,~~772~~494 Beginning Scheduled Collateral Balance ~~750~~617,~~066~~032,~~863~~570.4678 Ending Scheduled Collateral Balance ~~725~~599,~~419~~416,~~145~~631.8532 Ending Actual Collateral Balance at 2930-~~Feb~~Jun-2004 ~~725~~599,~~857~~783,~~473~~176.5088 Monthly P &I Constant 3,~~694~~032,~~045~~667.8669 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 ~~725~~599,~~419~~416,~~145~~631.8532 Scheduled Principal ~~550~~464,~~568~~110.0133 Unscheduled Principal 2417,~~097~~151,~~149~~829.6013

Miscellaneous Reporting Senior Percentage Group 1 9594.~~597972~~564427% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 45.~~402028~~435573% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 9594.~~627338~~560387% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 45.~~372662~~439613% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 9594.~~649430~~633948% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 45.~~350570~~366052% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 9594.~~576852~~711106% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 45.~~423148~~288894% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.~~723654~~587890% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.~~276346~~412110% 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.~~635971~~593907 5.~~204295~~177960 5.~~524623~~500344 Weighted Average Net Rate 4.~~385971~~343907 4.~~954295~~927960 5.~~252535~~228802 Weighted Average Maturity ~~356~~352 ~~356~~352 ~~356~~352 Beginning Loan Count ~~345~~284 ~~491~~404 ~~117~~100 Loans Paid In Full 106 1915 43 Ending Loan Count ~~335~~278 ~~472~~389 ~~113~~97 Beginning Scheduled Balance ~~178~~144,~~160~~030,~~484~~610.8560 ~~241~~193,~~627~~672,~~524~~164.3384 5242,~~470~~435,~~488~~144.2799 Ending scheduled Balance ~~172~~141,~~064~~613,~~905~~851.4072 ~~230~~186,~~283~~462,~~492~~790.6358 5041,~~635~~024,~~378~~302.5401 Record Date 0206/2930/2004 0206/2930/2004 0206/2930/2004 Principal And Interest Constant ~~764~~615,~~786~~837.3848 1977,~~219,483~~676.8462 ~~274~~220,~~956~~733.4780 Scheduled Principal 7664,~~497~~451.2942 ~~171~~141,~~566~~987.4673 3326,~~390~~227.0621 Unscheduled Principal 62,~~019~~352,~~082~~307.1646 117,~~172~~067,~~465~~386.2453 1,~~801~~384,~~719~~615.6777 Scheduled Interest ~~688~~551,~~289~~386.0906 1835,~~047,917~~688.3889 ~~241~~194,~~566~~506.4159 Servicing Fees 3730,~~116~~006.7638 5040,~~339~~348.0737 119,~~897~~602.1644 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 ~~864~~657.6690 1,~~537~~337.2514 ~~390~~171.5300 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 ~~650~~520,~~307~~721.6778 ~~996~~794,~~041~~003.0638 ~~229~~184,~~278~~733.7215 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.~~380147~~338426 4.~~946660~~919675 5.~~243604~~223967

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.~~087387~~055591 4.~~736049~~722577 54.~~029116~~995310 Weighted Average Net Rate 4.~~830457~~798220 4.~~412809~~400856 4.~~771363~~736842 Weighted Average Maturity ~~353~~349 ~~354~~350 ~~355~~351 Beginning Loan Count ~~786~~673 7977 1,~~818~~538 Loans Paid In Full 1320 0 4644 Ending Loan Count ~~773~~653 7977 1,~~772~~494 Beginning Scheduled Balance ~~236~~197,~~615~~042,~~361~~144.6869 4139,~~193~~852,~~004~~505.3366 ~~750~~617,~~066~~032,~~863~~570.4678 Ending scheduled Balance ~~231~~190,~~283~~510,~~863~~982.3044 4139,~~151~~804,~~505~~704.9857 ~~725~~599,~~419~~416,~~145~~631.8532 Record Date 0206/2930/2004 0206/2930/2004 0206/2930/2004 Principal And Interest Constant 1,~~253~~042,~~642~~670.7369 ~~181~~175,~~176~~749.4410 3,~~694~~032,~~045~~667.8669 Scheduled Principal ~~250~~212,~~514~~533.4963 18,~~599~~910.7134 ~~550~~464,~~568~~110.0133 Unscheduled Principal 56,~~080~~318,~~983~~628.8962 2228,~~898~~890.6475 2417,~~097~~151,~~149~~829.6013 Scheduled Interest 1830,~~003,128~~137.2406 ~~162~~156,~~576~~838.7376 32,~~143~~568,~~477~~557.8536 Servicing Fees 5042,~~661~~260.3069 1110,~~096~~684.0148 ~~161~~132,~~110~~902.3036 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 ~~1,031~~939.4194 0.00 3,~~823~~105.8598 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 ~~951~~786,~~435~~936.5343 ~~151~~146,~~480~~154.7228 2,~~978~~432,~~543~~549.7002 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.~~825226~~792496 4.~~412809~~400856 4.~~765245~~730802

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