8-K 1 bst02007_aug.txt AUGUST 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): August 25, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the August 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Registrant) 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: 8/25/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/042004 Distribution Date: 78/2625/042004 BST Series: 2002-7 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 07384MMR0 SEN 5.~~56180~~54694% 1311,~~165~~764,~~073~~901.2546 5954,~~722~~382.2170 1545,~~400,171~~021.7827 II-A 07384MMS8 SEN 5.~~77048~~77056% 5,~~595~~588,~~522~~389.4529 26,~~335~~873.9946 71,~~133~~264,174.1656 III-A 07384MMT6 SEN 5.~~94479~~92717% 76,~~181~~861,~~218~~290.3317 3433,~~820~~890.2201 ~~319~~724,~~928~~189.1535 IV-A 07384MMU3 SEN 6.~~69445~~68878% 21,~~200~~894,~~311~~257.5042 1210,~~014~~558.2256 ~~306~~292,~~054~~445.0764 V-A-1 07384MMV1 SEN 5.~~33143~~34830% 86,~~392~~753,~~683~~871.9538 3630,~~495~~101.6644 1386,~~638,812~~775.5787 V-A-2 07384MNE8 SEN 5.~~82643~~84330% 1714,~~605~~167,~~465~~702.0012 8368,~~665~~988.5644 3811,~~437,762~~345.8882 V-X 07384MNF5 SEN 0.49500% 0.00 32,~~388~~785.4797 0.00 VI-A 07384MMW9 SEN 5.~~57623~~57797% 13,~~737~~133,~~121~~380.5986 6261,~~478~~047.9099 ~~603~~967,~~740~~438.7306 VI-X 07384MNG3 SEN 0.47900% 0.00 5,~~366~~242.9641 0.00 VII-A 07384MMX7 SEN 5.~~63464~~59474% 10,~~881~~003,~~701~~835.5130 5046,~~010~~640.3768 ~~877~~354,~~866~~621.2137 VII-X 07384MNH1 SEN 0.64700% 0.00 5,~~742~~393.4673 0.00 B-1 07384MNB4 SUB 5.~~93800~~93482% 4,~~661~~413,~~509~~448.4952 2221,~~576~~827.8853 ~~248~~159,~~060~~325.9735 B-2 07384MNC2 SUB 5.~~93800~~93482% 3,~~169~~001,~~979~~290.9734 1514,~~353~~843.0244 ~~168~~108,~~689~~346.6348 B-3 07384MND0 SUB 5.~~93800~~93482% 1,~~864~~765,~~614~~389.6064 98,~~030~~731.8006 9963,~~224~~730.9651 B-4 07384MNJ7 SUB 5.~~93800~~93482% ~~932~~882,~~334~~720.3341 4,~~515~~365.5366 4931,~~613~~866.9218 B-5 07384MNL2 SUB 5.~~93800~~93482% ~~745~~706,~~845~~155.8486 3,~~612~~492.3242 3925,~~689~~492.9820 B-6 07384MNN8 SUB 5.~~93800~~93482% ~~746~~706,~~015~~316.28 3,~~613~~493.1422 3925,~~699~~497.0099 R-I 07384MMZ2 SEN 5.~~64129~~64139% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64129~~64139% 0.00 0.00 0.00 Totals 9081,~~879~~642,~~397~~949.0905 ~~438~~402,~~742~~658.7172 95,~~236~~760,~~448~~270.0165

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 11,~~764~~219,~~901~~880.4619 1599,~~459,893~~403.9997 0.00 II-A 0.00 54,~~588~~324,~~389~~214.2973 331,~~469~~291,048.1502 0.00 III-A 0.00 6,~~861~~137,~~290~~100.1782 ~~354~~758,~~748~~079.3736 0.00 IV-A 0.00 1,~~894~~601,~~257~~811.4278 ~~318~~303,~~068~~004.2920 0.00 V-A-1 0.00 6,~~753~~367,~~871~~095.3850 1416,~~675,308~~877.2331 0.00 V-A-2 0.00 1413,~~167~~356,~~702~~356.1229 3880,~~521,428~~334.4426 0.00 V-X 0.00 0.00 32,~~388~~785.4797 0.00 VI-A 0.00 1312,~~133~~165,~~380~~942.8680 ~~666~~1,~~219~~028,486.6305 0.00 VI-X 0.00 0.00 5,~~366~~242.9641 0.00 VII-A 0.00 109,~~003~~649,~~835~~213.3093 ~~927~~401,~~876~~262.5805 0.00 VII-X 0.00 0.00 5,~~742~~393.4673 0.00 B-1 0.00 4,~~413~~254,~~448~~123.5217 ~~270~~181,~~637~~152.8588 0.00 B-2 0.00 32,~~001~~892,~~290~~943.3486 ~~184~~123,~~042~~189.6592 0.00 B-3 0.00 1,~~765~~701,~~389~~659.6414 ~~108~~72,~~255~~461.7657 0.00 B-4 0.00 ~~882~~850,~~720~~854.4123 5436,~~129~~231.4584 0.00 B-5 0.00 ~~706~~680,~~155~~663.8665 4328,~~302~~984.3062 0.00 B-6 0.00 ~~706~~680,~~316~~818.2829 4328,~~312~~991.1421 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 8175,~~642~~882,~~949~~678.0538 96,~~675~~162,~~190~~929.7237 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 129,498,400.00 1311,~~165~~764,~~073~~901.2546 1614,~~368~~846.4751 1530,~~383,803~~174.3176 0.00 0.00 II-A 59,280,900.00 5,~~595~~588,~~522~~389.4529 6,~~666~~702.8000 ~~466~~1,257,472.3655 0.00 0.00 III-A 30,541,200.00 76,~~181~~861,~~218~~290.3317 3,~~377~~387.4684 ~~316~~720,~~550~~801.6951 0.00 0.00 IV-A 46,458,500.00 21,~~200~~894,~~311~~257.5042 3,~~510~~193.8214 ~~302~~289,~~543~~252.2650 0.00 0.00 V-A-1 70,000,000.00 86,~~392~~753,~~683~~871.9538 118,~~025~~799.8549 1377,~~627,786~~976.7238 0.00 0.00 V-A-2 146,840,100.00 1714,~~605~~167,~~465~~702.0012 2318,~~129~~458.1084 3792,~~414,633~~886.7899 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 13,~~737~~133,~~121~~380.5986 1,~~199~~203.1961 ~~602~~966,~~541~~234.5444 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 10,~~881~~003,~~701~~835.5130 109,~~812~~919.9514 ~~867~~344,~~053~~702.2624 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 4,~~661~~413,~~509~~448.4952 4,~~924~~657.2494 ~~243~~154,~~136~~667.7341 0.00 0.00 B-2 5,864,400.00 3,~~169~~001,~~979~~290.9734 3,~~348~~167.6455 ~~165~~105,~~340~~178.9893 0.00 0.00 B-3 3,449,500.00 1,~~864~~765,~~614~~389.6064 1,~~969~~863.7118 9761,~~255~~867.2632 0.00 0.00 B-4 1,724,800.00 ~~932~~882,~~334~~720.3341 ~~984~~931.8862 4830,~~629~~934.0456 0.00 0.00 B-5 1,379,800.00 ~~745~~706,~~845~~155.8486 ~~787~~745.8827 3824,~~902~~746.1093 0.00 0.00 B-6 1,380,114.00 ~~746~~706,~~015~~316.28 ~~788~~745.0644 3824,~~910~~752.9455 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 Totals 689,905,814.00 9081,~~879~~642,~~397~~949.0905 8878,~~894~~621.0557 95,~~147~~681,~~553~~649.9707 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 1545,~~400,171~~021.7827 11,~~764~~219,~~901~~880.4619 0.~~09084978~~08664107 1545,~~400,171~~021.7827 II-A 71,~~133~~264,174.1656 54,~~588~~324,~~389~~214.2973 0.~~09426964~~07294449 71,~~133~~264,174.1656 III-A ~~319~~724,~~928~~189.1535 6,~~861~~137,~~290~~100.1782 0.~~22465686~~20094498 ~~319~~724,~~928~~189.1535 IV-A ~~306~~292,~~054~~445.0764 1,~~894~~601,~~257~~811.4278 0.~~04077311~~03447834 ~~306~~292,~~054~~445.0764 V-A-1 1386,~~638,812~~775.5787 6,~~753~~367,~~871~~095.3850 0.~~09648388~~09095851 1386,~~638,812~~775.5787 V-A-2 3811,~~437,762~~345.8882 1413,~~167~~356,~~702~~356.1229 0.~~09648388~~09095851 3811,~~437,762~~345.8882 V-X 0.00 0.00 0.00000000 0.00 VI-A ~~603~~967,~~740~~438.7306 1312,~~133~~165,~~380~~942.8680 0.~~17809230~~16497357 ~~603~~967,~~740~~438.7306 VI-X 0.00 0.00 0.00000000 0.00 VII-A ~~877~~354,~~866~~621.2137 109,~~003~~649,~~835~~213.3093 0.~~09002772~~08683637 ~~877~~354,~~866~~621.2137 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~248~~159,~~060~~325.9735 4,~~413~~254,~~448~~123.5217 0.~~51178131~~49330603 ~~248~~159,~~060~~325.9735 B-2 ~~168~~108,~~689~~346.6348 32,~~001~~892,~~290~~943.3486 0.~~51178131~~49330603 ~~168~~108,~~689~~346.6348 B-3 9963,~~224~~730.9651 1,~~765~~701,~~389~~659.6414 0.~~51178131~~49330603 9963,~~224~~730.9651 B-4 4931,~~613~~866.9218 ~~882~~850,~~720~~854.4123 0.~~51178131~~49330602 4931,~~613~~866.9218 B-5 3925,~~689~~492.9820 ~~706~~680,~~155~~663.8665 0.~~51178132~~49330602 3925,~~689~~492.9820 B-6 3925,~~699~~497.0099 ~~706~~680,~~316~~818.2829 0.~~51178111~~49330584 3925,~~699~~497.0099 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 95,~~236~~760,~~448~~270.0165 8175,~~642~~882,~~949~~678.0538 0.~~11833927~~10998991 95,~~236~~760,~~448~~270.0165

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 ~~101~~90.~~66205335~~84978239 0.~~12639901~~11464628 104.~~68587187~~09406417 0.00000000 II-A 59,280,900.00 94.~~38997131~~26964317 0.~~11246118~~11305496 021.~~00786695~~21210289 0.00000000 III-A 30,541,200.00 ~~235~~224.~~13216016~~65686253 0.~~11058701~~11092688 1023.~~36471029~~60095576 0.00000000 IV-A 46,458,500.00 4740.~~36079512~~77310761 0.~~07556895~~06873102 6.~~51211856~~22604044 0.00000000 V-A-1 70,000,000.00 ~~119~~96.~~89548500~~48387686 0.~~15751214~~12570700 235.~~25409600~~39966257 0.00000000 V-A-2 146,840,100.00 ~~119~~96.~~89548495~~48387682 0.~~15751215~~12570708 235.~~25409599~~39966256 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~186~~178.~~27918972~~09229749 0.~~01626135~~01632129 813.~~17063088~~10240776 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 9790.~~92792003~~02772061 0.~~09730920~~08926552 73.~~80289022~~10208595 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~540~~511.~~54634206~~78131429 0.~~57101244~~54013243 2817.~~19401533~~93515660 0.00000000 B-2 5,864,400.00 ~~540~~511.~~54634234~~78131437 0.~~57101153~~54013198 2817.~~19401473~~93515620 0.00000000 B-3 3,449,500.00 ~~540~~511.~~54634005~~78131323 0.~~57101319~~54013045 2817.~~19401652~~93515582 0.00000000 B-4 1,724,800.00 ~~540~~511.~~54634160~~78131378 0.~~57101113~~54013219 2817.~~19401670~~93515770 0.00000000 B-5 1,379,800.00 ~~540~~511.~~54634005~~78131613 0.~~57101029~~54012900 2817.~~19401363~~93515727 0.00000000 B-6 1,380,114.00 ~~540~~511.~~54612880~~78111373 0.~~57101080~~54012929 2817.~~19400426~~93514884 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

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 104.~~81227089~~20871046 9086.~~84978239~~64107194 0.~~09084978~~08664107 104.~~81227089~~20871046 II-A 0.00000000 021.~~12032813~~32515802 9472.~~26964317~~94448515 0.~~09426964~~07294449 021.~~12032813~~32515802 III-A 0.00000000 1023.~~47529730~~71188264 ~~224~~200.~~65686253~~94497990 0.~~22465686~~20094498 1023.~~47529730~~71188264 IV-A 0.00000000 6.~~58768729~~29477146 4034.~~77310761~~47833615 0.~~04077311~~03447834 6.~~58768729~~29477146 V-A-1 0.00000000 235.~~41160814~~52536957 9690.~~48387686~~95850714 0.~~09648388~~09095851 235.~~41160814~~52536957 V-A-2 0.00000000 235.~~41160814~~52536957 9690.~~48387682~~95850718 0.~~09648388~~09095851 235.~~41160814~~52536957 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 813.~~18689223~~11872918 ~~178~~164.~~09229749~~97356831 0.~~17809230~~16497357 813.~~18689223~~11872918 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 73.~~90019942~~19135138 9086.~~02772061~~83636922 0.~~09002772~~08683637 73.~~90019942~~19135138 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2818.~~76502777~~47528903 ~~511~~493.~~78131429~~30602526 0.~~51178131~~49330603 2818.~~76502777~~47528903 B-2 0.00000000 2818.~~76502797~~47528818 ~~511~~493.~~78131437~~30602619 0.~~51178131~~49330603 2818.~~76502797~~47528818 B-3 0.00000000 2818.~~76502682~~47528917 ~~511~~493.~~78131323~~30602696 0.~~51178131~~49330603 2818.~~76502682~~47528917 B-4 0.00000000 2818.~~76502783~~47528989 ~~511~~493.~~78131378~~30602389 0.~~51178131~~49330602 2818.~~76502783~~47528989 B-5 0.00000000 2818.~~76502392~~47528627 ~~511~~493.~~78131613~~30602261 0.~~51178132~~49330602 2818.~~76502392~~47528627 B-6 0.00000000 2818.~~76501506~~47527813 ~~511~~493.~~78111373~~30583560 0.~~51178111~~49330584 2818.~~76501506~~47527813 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~56180~~54694% 1311,~~165~~764,~~073~~901.2546 6154,~~017~~382.9570 0.00 0.00 II-A 59,280,900.00 5.~~77048~~77056% 5,~~595~~588,~~522~~389.4529 26,~~907~~873.3846 0.00 0.00 III-A 30,541,200.00 5.~~94479~~92717% 76,~~181~~861,~~218~~290.3317 3533,~~575~~890.6802 0.00 0.00 IV-A 46,458,500.00 6.~~69445~~68878% 21,~~200~~894,~~311~~257.5042 1210,~~274~~558.8956 0.00 0.00 V-A-1 70,000,000.00 5.~~33143~~34830% 86,~~392~~753,~~683~~871.9538 3730,~~287~~101.4844 0.00 0.00 V-A-2 146,840,100.00 5.~~82643~~84330% 1714,~~605~~167,~~465~~702.0012 8568,~~480~~988.7944 0.00 0.00 V-X 0.00 0.49500% 86,~~392~~753,~~683~~871.9538 32,~~461~~785.9897 0.00 0.00 VI-A 73,744,800.00 5.~~57623~~57797% 13,~~737~~133,~~121~~380.5986 6361,~~834~~047.4599 0.00 0.00 VI-X 0.00 0.47900% 13,~~737~~133,~~121~~380.5986 5,~~483~~242.4041 0.00 0.00 VII-A 111,119,500.00 5.~~63464~~59474% 10,~~881~~003,~~701~~835.5130 5146,~~095~~640.4168 0.00 0.00 VII-X 0.00 0.64700% 10,~~881~~003,~~701~~835.5130 5,~~867~~393.0573 0.00 0.00 B-1 8,623,700.00 5.~~93800~~93482% 4,~~661~~413,~~509~~448.4952 2321,~~066~~827.7153 0.00 0.00 B-2 5,864,400.00 5.~~93800~~93482% 3,~~169~~001,~~979~~290.9734 1514,~~686~~843.1244 0.00 0.00 B-3 3,449,500.00 5.~~93800~~93482% 1,~~864~~765,~~614~~389.6064 98,~~226~~731.7406 0.00 0.00 B-4 1,724,800.00 5.~~93800~~93482% ~~932~~882,~~334~~720.3341 4,~~613~~365.5066 0.00 0.00 B-5 1,379,800.00 5.~~93800~~93482% ~~745~~706,~~845~~155.8486 3,~~690~~492.6942 0.00 0.00 B-6 1,380,114.00 5.~~93800~~93482% ~~746~~706,~~015~~316.28 3,~~691~~493.5322 0.00 0.00 R-I 50.00 5.~~64129~~64139% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64129~~64139% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~448~~402,~~261~~658.7573 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 ~~1,295~~0.7500 0.00 5954,~~722~~382.2170 0.00 11,~~764~~219,~~901~~880.4619 II-A ~~571~~0.3900 0.00 26,~~335~~873.9946 0.00 54,~~588~~324,~~389~~214.2973 III-A ~~755~~0.4700 0.00 3433,~~820~~890.2201 0.00 6,~~861~~137,~~290~~100.1782 IV-A ~~260~~0.6600 0.00 1210,~~014~~558.2256 0.00 1,~~894~~601,~~257~~811.4278 V-A-1 ~~791~~0.8200 0.00 3630,~~495~~101.6644 0.00 6,~~753~~367,~~871~~095.3850 V-A-2 ~~1,815~~0.2300 0.00 8368,~~665~~988.5644 0.00 1413,~~167~~356,~~702~~356.1229 V-X 730.5200 0.00 32,~~388~~785.4797 0.00 6,~~753~~367,~~871~~095.3850 VI-A ~~1,355~~0.5600 0.00 6261,~~478~~047.9099 0.00 1312,~~133~~165,~~380~~942.8680 VI-X ~~116~~0.4400 0.00 5,~~366~~242.9641 0.00 1312,~~133~~165,~~380~~942.8680 VII-A ~~1,085~~0.0400 0.00 5046,~~010~~640.3768 0.00 109,~~003~~649,~~835~~213.3093 VII-X ~~124~~0.5900 0.00 5,~~742~~393.4673 0.00 109,~~003~~649,~~835~~213.3093 B-1 ~~489~~0.8300 0.00 2221,~~576~~827.8853 0.00 4,~~413~~254,~~448~~123.5217 B-2 ~~333~~0.1000 0.00 1514,~~353~~843.0244 0.00 32,~~001~~892,~~290~~943.3486 B-3 ~~195~~0.9300 0.00 98,~~030~~731.8006 0.00 1,~~765~~701,~~389~~659.6414 B-4 970.9700 0.00 4,~~515~~365.5366 0.00 ~~882~~850,~~720~~854.4123 B-5 780.3700 0.00 3,~~612~~492.3242 0.00 ~~706~~680,~~155~~663.8665 B-6 780.3900 0.00 3,~~613~~493.1422 0.00 ~~706~~680,~~316~~818.2829 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals ~~9,519~~0.0600 0.00 ~~438~~402,~~742~~658.7172 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 129,498,400.00 5.~~56180~~54694% ~~101~~90.~~66205335~~84978239 0.~~47118690~~41994882 0.00000000 0.00000000 II-A 59,280,900.00 5.~~77048~~77056% 94.~~38997131~~26964317 0.~~45389628~~45332409 0.00000000 0.00000000 III-A 30,541,200.00 5.~~94479~~92717% ~~235~~224.~~13216016~~65686253 1.~~16484225~~10964926 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~69445~~68878% 4740.~~36079512~~77310761 0.~~26421193~~22726864 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~33143~~34830% ~~119~~96.~~89548500~~48387686 0.~~53267829~~43002057 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~82643~~84330% ~~119~~96.~~89548495~~48387682 0.~~58213519~~46982016 0.00000000 0.00000000 V-X 0.00 0.49500% ~~119~~96.~~89548500~~48387686 0.~~04945686~~03979957 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~57623~~57797% ~~186~~178.~~27918972~~09229749 0.~~86561290~~82782772 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~186~~178.~~27918972~~09229749 0.~~07435643~~07108854 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~63464~~59474% 9790.~~92792003~~02772061 0.~~45982397~~41973443 0.00000000 0.00000000 VII-X 0.00 0.64700% 9790.~~92792003~~02772061 0.~~05279946~~04853991 0.00000000 0.00000000 B-1 8,623,700.00 5.~~93800~~93482% ~~540~~511.~~54634206~~78131429 2.~~67480432~~53110962 0.00000000 0.00000000 B-2 5,864,400.00 5.~~93800~~93482% ~~540~~511.~~54634234~~78131437 2.~~67480390~~53110975 0.00000000 0.00000000 B-3 3,449,500.00 5.~~93800~~93482% ~~540~~511.~~54634005~~78131323 2.~~67480504~~53110886 0.00000000 0.00000000 B-4 1,724,800.00 5.~~93800~~93482% ~~540~~511.~~54634160~~78131378 2.~~67480288~~53111085 0.00000000 0.00000000 B-5 1,379,800.00 5.~~93800~~93482% ~~540~~511.~~54634005~~78131613 2.~~67480070~~53110596 0.00000000 0.00000000 B-6 1,380,114.00 5.~~93800~~93482% ~~540~~511.~~54612880~~78111373 2.~~67480078~~53110975 0.00000000 0.00000000 R-I 50.00 5.~~64129~~64139% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64129~~64139% 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 I-A 0.~~01000592~~00000000 0.00000000 0.~~46118106~~41994882 0.00000000 9086.~~84978239~~64107194 II-A 0.~~00963869~~00000000 0.00000000 0.~~44425759~~45332409 0.00000000 9472.~~26964317~~94448515 III-A 0.~~02473609~~00000000 0.00000000 1.~~14010648~~10964893 0.00000000 ~~224~~200.~~65686253~~94497990 IV-A 0.~~00561060~~00000000 0.00000000 0.~~25860112~~22726864 0.00000000 4034.~~77310761~~47833615 V-A-1 0.~~01131171~~00000000 0.00000000 0.~~52136657~~43002057 0.00000000 9690.~~48387686~~95850714 V-A-2 0.~~01236195~~00000000 0.00000000 0.~~56977324~~46982016 0.00000000 9690.~~48387682~~95850718 V-X 0.~~00105029~~00000000 0.00000000 0.~~04840671~~03979957 0.00000000 9690.~~48387686~~95850714 VI-A 0.~~01838177~~00000000 0.00000000 0.~~84723126~~82782772 0.00000000 ~~178~~164.~~09229749~~97356831 VI-X 0.~~00157896~~00000000 0.00000000 0.~~07277747~~07108854 0.00000000 ~~178~~164.~~09229749~~97356831 VII-A 0.~~00976462~~00000000 0.00000000 0.~~45005935~~41973443 0.00000000 9086.~~02772061~~83636922 VII-X 0.~~00112123~~00000000 0.00000000 0.~~05167824~~04853991 0.00000000 9086.~~02772061~~83636922 B-1 0.~~05680045~~00000000 0.00000000 2.~~61800387~~53110962 0.00000000 ~~511~~493.~~78131429~~30602526 B-2 0.~~05680035~~00000000 0.00000000 2.~~61800355~~53110975 0.00000000 ~~511~~493.~~78131437~~30602619 B-3 0.~~05679954~~00000000 0.00000000 2.~~61800261~~53110886 0.00000000 ~~511~~493.~~78131323~~30602696 B-4 0.~~05680079~~00000000 0.00000000 2.~~61800209~~53111085 0.00000000 ~~511~~493.~~78131378~~30602389 B-5 0.~~05679809~~00000000 0.00000000 2.~~61800261~~53110596 0.00000000 ~~511~~493.~~78131613~~30602261 B-6 0.~~05679966~~00000000 0.00000000 2.~~61800112~~53110975 0.00000000 ~~511~~493.~~78111373~~30583560 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 96,~~704~~178,~~786~~466.9436 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1319,~~174~~057.9064 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 96,~~717~~197,~~961~~524.8400 Withdrawals Reimbursement for Servicer Advances 1913,~~081~~174.7190 Payment of Service Fee 2321,~~689~~419.3972 Payment of Interest and Principal 96,~~675~~162,~~190~~929.7438 Total Withdrawals (Pool Distribution Amount) 96,~~717~~197,~~961~~524.8400 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~9,519~~0.0600 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~9,519~~0.0600

SERVICING FEES Gross Servicing Fee 2321,~~689~~419.3972 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2321,~~689~~419.3972

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 35 0 0 0 35 12,~~007~~100,~~484~~811.8838 0.00 0.00 0.00 12,~~007~~100,~~484~~811.8838 60 Days 10 0 0 0 10 ~~332,644~~0.0500 0.00 0.00 0.00 ~~332,644~~0.0500 90 Days 0 0 01 0 01 0.00 0.00 0332,644.0005 0.00 0332,644.0005 120 Days 10 0 0 0 10 ~~369,860~~0.0100 0.00 0.00 0.00 ~~369,860~~0.0100 150 Days 0 0 01 0 01 0.00 0.00 0369,860.0001 0.00 0369,860.0001 180+ Days 0 0 0 1 1 0.00 0.00 0.00 496,117.44 496,117.44 Totals 5 0 02 1 68 12,~~709~~100,~~988~~811.9438 0.00 0702,504.0006 496,117.44 23,~~206~~299,~~106~~432.3888 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 12.~~310044~~336449% 0.000000% 0.000000% 0.000000% 12.~~310044~~336449% 12.~~233089~~766156% 0.000000% 0.000000% 0.000000% 12.~~233089~~766156% 60 Days 0.~~436681~~000000% 0.000000% 0.000000% 0.000000% 0.~~436681~~000000% 0.~~407132~~000000% 0.000000% 0.000000% 0.000000% 0.~~407132~~000000% 90 Days 0.000000% 0.000000% 0.~~000000~~467290% 0.000000% 0.~~000000~~467290% 0.000000% 0.000000% 0.~~000000~~437995% 0.000000% 0.~~000000~~437995% 120 Days 0.~~436681~~000000% 0.000000% 0.000000% 0.000000% 0.~~436681~~000000% 0.~~452682~~000000% 0.000000% 0.000000% 0.000000% 0.~~452682~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~467290% 0.000000% 0.~~000000~~467290% 0.000000% 0.000000% 0.~~000000~~486998% 0.000000% 0.~~000000~~486998% 180+ Days 0.000000% 0.000000% 0.000000% 0.~~436681~~467290% 0.~~436681~~467290% 0.000000% 0.000000% 0.000000% 0.~~607212~~653242% 0.~~607212~~653242% Totals 2.~~183406~~336449% 0.000000% 0.~~000000~~934579% 0.~~436681~~467290% 23.~~620087~~738318% 2.~~092903~~766156% 0.000000% 0.~~000000~~924993% 0.~~607212~~653242% 24.~~700115~~344391%

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 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 10 0 0 0 10 ~~369,860~~0.0100 0.00 0.00 0.00 ~~369,860~~0.0100 150 Days 0 0 01 0 01 0.00 0.00 0369,860.0001 0.00 0369,860.0001 180 Days 0 0 0 1 1 0.00 0.00 0.00 496,117.44 496,117.44 Totals 1 0 0 1 1 2 ~~369,860.01~~ 0.00 0.00 369,860.01 496,117.44 865,977.45 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 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 20.~~683663~~000000% 0.000000% 0.000000% 0.000000% 20.~~683663~~000000% 150 Days 0.000000% 0.000000% 03.~~000000~~703704% 0.000000% 03.~~000000~~703704% 0.000000% 0.000000% 02.~~000000~~803394% 0.000000% 02.~~000000~~803394% 180 Days 0.000000% 0.000000% 0.000000% 3.~~571429~~703704% 3.~~571429~~703704% 0.000000% 0.000000% 0.000000% 3.~~599772~~760376% 3.~~599772~~760376% Totals ~~3.571429%~~ 0.000000% 0.000000% 3.~~571429~~703704% 73.~~142857~~703704% 27.~~683663~~407407% 0.000000% 0.000000% 2.803394% 3.~~599772~~760376% 6.~~283435~~563770% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1 0 0 0 1 538,~~949~~369.8424 0.00 0.00 0.00 538,~~949~~369.8424 60 Days 10 0 0 0 10 ~~332,644~~0.0500 0.00 0.00 0.00 ~~332,644~~0.0500 90 Days 0 0 01 0 01 0.00 0.00 0332,644.0005 0.00 0332,644.0005 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 21 0 01 0 2 ~~871~~538,~~593~~369.8924 0.00 0332,644.0005 0.00 871,~~593~~013.8929 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 23.~~777778~~030303% 0.000000% 0.000000% 0.000000% 23.~~777778~~030303% 7.~~163484~~956366% 0.000000% 0.000000% 0.000000% 7.~~163484~~956366% 60 Days 20.~~777778~~000000% 0.000000% 0.000000% 0.000000% 20.~~777778~~000000% 40.~~421358~~000000% 0.000000% 0.000000% 0.000000% 40.~~421358~~000000% 90 Days 0.000000% 0.000000% 03.~~000000~~030303% 0.000000% 03.~~000000~~030303% 0.000000% 0.000000% 04.~~000000~~916027% 0.000000% 04.~~000000~~916027% 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 53.~~555556~~030303% 0.000000% 03.~~000000~~030303% 0.000000% 56.~~555556~~060606% 117.~~584842~~956366% 0.000000% 04.~~000000~~916027% 0.000000% 1112.~~584842~~872393% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 12 0 0 0 12 ~~130~~767,~~729~~537.0893 0.00 0.00 0.00 ~~130~~767,~~729~~537.0893 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~130~~767,~~729~~537.0893 0.00 0.00 0.00 ~~130~~767,~~729~~537.0893 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 13.~~562500~~278689% 0.000000% 0.000000% 0.000000% 13.~~562500~~278689% 03.~~529856~~283321% 0.000000% 0.000000% 0.000000% 03.~~529856~~283321% 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 13.~~562500~~278689% 0.000000% 0.000000% 0.000000% 13.~~562500~~278689% 03.~~529856~~283321% 0.000000% 0.000000% 0.000000% 03.~~529856~~283321% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 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 02 0 0 0 02 0794,904.0021 0.00 0.00 0.00 0794,904.0021 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 02 0 0 0 02 0794,904.0021 0.00 0.00 0.00 0794,904.0021 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~000000~~081633% 0.000000% 0.000000% 0.000000% 04.~~000000~~081633% 05.~~000000~~844181% 0.000000% 0.000000% 0.000000% 05.~~000000~~844181% 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~~081633% 0.000000% 0.000000% 0.000000% 04.~~000000~~081633% 05.~~000000~~844181% 0.000000% 0.000000% 0.000000% 05.~~000000~~844181% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~337,805~~0.9600 0.00 0.00 0.00 ~~337,805~~0.9600 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~337,805~~0.9600 0.00 0.00 0.00 ~~337,805~~0.9600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 20.~~839779~~000000% 0.000000% 0.000000% 0.000000% 20.~~839779~~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 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 20.~~839779~~000000% 0.000000% 0.000000% 0.000000% 20.~~839779~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1319,~~174~~057.9064

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% 6964,~~878~~662,~~047~~798.5919 85.~~58981321~~21417477% 14.~~410187~~785825% 0.000000% Class 2A 501,126,514.00 72.63694606% 6460,~~289~~338,~~658~~583.3046 7879.~~74489965~~51562166% 65.~~844914~~698553% 4839.~~699198~~094027% Class 3A 470,585,314.00 68.21008092% 5754,~~428~~201,~~368~~482.1364 7071.~~34087916~~42800410% 8.~~404020~~087618% 5955.~~791706~~483828% Class B-1 13,798,714.00 2.00008664% 76,~~061~~806,~~872~~939.5317 8.~~64970290~~97034648% 5.~~405793~~606185% 38.460349% Class B-2 7,934,314.00 1.15005756% 43,~~060~~913,~~582~~995.1931 45.~~97358588~~15795619% 3.~~676117~~812390% 26.154304% Class B-3 4,484,814.00 0.65006178% 2,~~295~~212,~~192~~336.5517 2.~~81125630~~91546927% 2.~~162330~~242487% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,~~412~~361,~~472~~481.1494 1.~~73006017~~79419331% 1.~~081196~~121276% 7.692337% Class B-5 1,380,214.00 0.20005832% ~~706~~680,~~316~~818.2829 0.~~86512833~~89719855% 0.~~864932~~896995% 6.~~153692~~153691% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~865128~~897199% 6.~~155089~~155090% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~231791~~233167% Weighted Average Net Coupon 5.~~918989~~918337% Weighted Average Pass-Through Rate 5.~~918989~~918337% Weighted Average Maturity(Stepdown Calculation ) ~~332~~331 Beginning Scheduled Collateral Loan Count ~~252~~229 Number Of Loans Paid In Full 2315 Ending Scheduled Collateral Loan Count ~~229~~214 Beginning Scheduled Collateral Balance 9081,~~879~~642,~~397~~949.0805 Ending Scheduled Collateral Balance 8175,~~642~~882,~~949~~678.0540 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 8175,~~704~~946,~~148~~961.8853 Monthly P &I Constant ~~560~~502,~~845~~700.2102 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 85,~~979~~691,~~756~~917.0434 Ending Scheduled Balance for Premium Loans 8175,~~642~~882,~~949~~678.0540 Scheduled Principal 8878,~~894~~621.0658 Unscheduled Principal 95,~~147~~681,~~553~~649.9707

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 8685.~~251442~~509013% Senior Prepayment Percentage Grp 1 9392.~~125721~~754506% Subordinate Percentage Group 1 1314.~~748558~~490987% Subordinate Prepayment Pct Group 1 67.~~874279~~245494% Average Loss Severity Group 2 0 Senior Percentage Group 2 84.~~536889~~536298% Senior Prepayment Percentage Grp 2 92.~~268444~~268149% Subordinate Percentage Group 2 15.~~463111~~463702% Subordinate Prepayment Pct Group 2 7.~~731556~~731851% Average Loss Severity Group 3 0 Senior Percentage Group 3 91.~~439732~~251483% Senior Prepayment Percentage Grp 3 95.~~719866~~625742% Subordinate Percentage Group 3 8.~~560268~~748517% Subordinate Prepayment Pct Group 3 4.~~280134~~374258% Average Loss Severity Group 4 0 Senior Percentage Group 4 7473.~~706652~~018246% Senior Prepayment Percentage Grp 4 8786.~~353326~~509123% Subordinate Percentage Group 4 2526.~~293348~~981754% Subordinate Prepayment Pct Group 4 1213.~~646674~~490877% Average Loss Severity Group 5 0 Senior Percentage Group 5 8684.~~365344~~868859% Senior Prepayment Percentage Grp 5 9392.~~182672~~434430% Subordinate Percentage Group 5 1315.~~634656~~131141% Subordinate Prepayment Pct Group 5 67.~~817328~~565570% Average Loss Severity Group 6 0 Senior Percentage Group 6 9089.~~043127~~827208% Senior Prepayment Percentage Grp 6 9594.~~021563~~913604% Subordinate Percentage Group 6 910.~~956873~~172792% Subordinate Prepayment Pct Group 6 45.~~978437~~086396% Average Loss Severity Group 7 0 Senior Percentage Group 7 84.~~752951~~151039% Senior Prepayment Percentage Grp 7 92.~~376476~~075519% Subordinate Percentage Group 7 15.~~247049~~848961% Subordinate Prepayment Pct Group 7 7.~~623524~~924481%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~931708~~916297 6.~~027404~~027486 6.~~268508~~248669 Weighted Average Net Rate 5.~~561803~~546943 5.~~770481~~770562 5.~~944787~~927166 Weighted Average Maturity ~~333~~332 ~~331~~330 ~~333~~332 Beginning Loan Count 3128 16 3836 Loans Paid In Full 31 04 23 Ending Loan Count 2827 1612 3633 Beginning Scheduled Balance 1513,~~263~~758,~~597~~668.7636 6,~~619~~610,~~030~~638.5080 7,~~853~~519,~~498~~099.8689 Ending scheduled Balance 13,~~758~~169,~~668~~716.3663 65,~~610~~239,~~638~~865.8008 76,~~519~~761,~~099~~613.8974 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 9485,~~426~~196.9615 41,132.57 4442,~~718~~866.4228 Scheduled Principal 1817,~~977~~362.6251 7,~~886~~927.2696 3,~~693~~712.6564 Unscheduled Principal 571,589.22 1,~~485~~362,~~951~~845.7876 ~~505.44 330~~753,~~705~~773.3251 Scheduled Interest 7567,~~449~~833.3464 33,~~246~~204.3161 4139,~~024~~153.7764 Servicing Fees 4,~~705~~234.0785 1,~~417~~415.1536 2,~~118~~014.6251 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 0.00 0.00 0.00 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 7063,~~744~~598.2779 31,~~829~~789.1625 3837,~~906~~139.1513 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 5.~~561803~~546943 5.~~770482~~770563 5.~~944788~~927168

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~944445~~938780 6.~~091651~~107637 6.~~420531~~421862 Weighted Average Net Rate 6.~~694444~~688782 5.~~826426~~843299 6.~~055230~~056969 Weighted Average Maturity ~~320~~319 ~~332~~331 ~~334~~333 Beginning Loan Count 76 7664 5451 Loans Paid In Full 1 12 3 2 Ending Loan Count 65 6461 5149 Beginning Scheduled Balance 2,~~945~~594,~~268~~224.5377 3024,~~102~~651,~~524~~649.7920 1514,~~256~~620,~~157~~715.9381 Ending scheduled Balance 2,~~594~~255,~~224~~491.7701 2423,~~651~~352,~~649~~834.2087 1413,~~620~~601,~~715~~361.8119 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 2119,~~743~~373.8570 ~~192~~157,~~358~~587.7962 8279,~~958~~583.9943 Scheduled Principal 4,~~699~~373.4707 3932,~~547~~118.0618 1,~~331~~339.8092 Unscheduled Principal ~~346~~334,~~344~~360.2969 51,~~411~~266,~~328~~696.5315 ~~634~~1,~~110~~018,014.3270 Scheduled Interest 1715,~~044~~000.3863 ~~152~~125,~~811~~469.7344 8178,~~627~~243.1951 Servicing Fees ~~613~~540.6046 65,~~653~~430.2830 4,~~644~~445.2483 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 0.00 0.00 0.00 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 1614,~~430~~460.7817 ~~146~~120,~~158~~039.4514 7673,~~982~~797.9568 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 6.~~694445~~688780 5.~~826426~~843300 6.~~055230~~056969

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~612260~~578725 6.~~231791~~233167 Weighted Average Net Rate 6.~~281642~~241737 5.~~918989~~918337 Weighted Average Maturity ~~333~~332.00 ~~332~~331.00 Record Date 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 8376,~~505~~960.6327 ~~560~~502,~~845~~700.2102 Beginning Loan Count 3028 ~~252~~229 Loans Paid In Full 21 2315 Ending Loan Count 2827 ~~229~~214 Beginning Scheduled Balance 1211,~~839~~887,~~318~~952.7122 9081,~~879~~642,~~397~~949.0805 Ending Scheduled Balance 11,~~887~~501,~~952~~795.2288 8175,~~642~~882,~~949~~678.0540 Scheduled Principal 1211,~~758~~787.2030 8878,~~894~~621.0658 Unscheduled Principal ~~938~~374,~~608~~369.2904 95,~~147~~681,~~553~~649.9707 Scheduled Interest 7065,~~747~~172.4397 ~~471~~424,~~951~~078.1544 Servicing Fee 3,~~537~~338.4341 2321,~~689~~419.3972 Master Servicing Fee 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 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 6761,~~210~~834.0056 ~~448~~402,~~261~~658.7672 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 6.~~281642~~241736 5.~~918989~~918337

Filing Compare · BEAR STEARNS ARM TRUST 2002-7