8-K 1 bst04003_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 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-01 54-2154040 Pooling and Servicing Agreement) (Commission 54-2154041 (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 2004-3 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 2004-3 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 2004-3 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: 8/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/2004 Distribution Date: 78/2625/2004 BST Series: 2004-3 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 07384MQ70 SEN 3.~~98415~~97344% ~~199~~195,~~640~~302,~~444~~992.4441 ~~662~~646,~~831~~686.3889 45,~~337~~164,~~452~~900.0357 I-A-2 07384MR87 SEN 3.~~98415~~97344% ~~147~~144,~~778~~568,~~766~~078.9326 ~~490~~478,~~644~~693.0954 3,~~210~~823,~~688~~186.6743 I-A-3 07384MR95 SEN 3.~~98415~~97344% 9,~~683~~473,~~942~~546.6017 3231,~~151~~368.9179 ~~210~~250,~~396~~533.4341 II-A 07384MQ88 SEN 4.~~34414~~34422% ~~612~~609,~~271~~558,~~367~~936.0977 2,~~216~~206,~~493~~714.1884 25,~~712~~264,~~430~~086.3269 III-A 07384MQ96 SEN 4.~~13903~~13813% ~~196~~195,~~282~~718,~~844~~497.4835 ~~677~~674,~~016~~923.9308 ~~564~~276,~~347~~441.1312 IV-A 07384MR20 SEN 4.~~93773~~93600% ~~273~~272,~~354~~282,~~809~~933.0797 1,~~124~~119,~~792~~991.5109 1230,~~071,875~~669.1081 R-I 07384MR38 RES 3.~~99602~~99616% 0.00 0.00 0.00 R-II 07384MR46 RES 3.~~99602~~99616% 0.00 0.00 0.00 B-1 07384MR53 SUB 4.~~33874~~33565% 18,~~827~~819,~~187~~205.5416 6867,~~071~~994.8351 78,~~982~~030.3885 B-2 07384MR61 SUB 4.~~33874~~33565% 14,~~308~~302,~~686~~619.5290 51,~~734~~675.6891 6,~~066~~103.6246 B-3 07384MR79 SUB 4.~~33874~~33565% 10,~~543~~538,~~169~~698.0494 38,~~120~~076.0272 4,~~470~~497.1125 B-4 07384MS37 SUB 4.~~33874~~33565% 8,~~284~~280,~~018~~506.4922 29,~~951~~917.8178 3,~~512~~533.2760 B-5 07384MS45 SUB 4.~~33874~~33565% 3,~~765~~763,~~417~~821.5205 13,~~614~~598.2983 1,~~596~~606.4716 B-6 07384MS52 SUB 4.~~33874~~33565% 2,~~259~~258,~~773~~815.2919 8,~~170~~161.4719 ~~958~~963.1092 Totals 1,~~497~~484,~~000~~868,~~427~~651.0139 5,~~413~~367,~~593~~803.1017 1215,~~131~~034,~~775~~553.6327

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~195~~190,~~302~~138,~~992~~091.4183 5,~~000~~811,~~283~~587.4146 0.00 I-A-2 0.00 ~~144~~140,~~568~~744,~~078~~891.2683 34,~~701~~301,~~332~~879.7697 0.00 I-A-3 0.00 9,~~473~~223,~~546~~012.1776 ~~242~~281,~~548~~902.3420 0.00 II-A 0.00 ~~609~~604,~~558~~294,~~936~~850.7708 47,~~928~~470,~~923~~801.5053 0.00 III-A 0.00 195,~~718~~442,~~497~~056.3523 1951,~~241,~~364.0620 0.00 IV-A 0.00 272,~~282~~052,~~933~~264.9716 21,~~196~~350,~~667~~660.6190 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 18,~~819~~811,~~205~~174.1631 76,~~054~~025.2136 0.00 B-2 0.00 14,~~302~~296,~~619~~516.9045 57,~~801~~779.3037 0.00 B-3 0.00 10,~~538~~534,~~698~~201.9469 42,~~590~~573.1397 0.00 B-4 0.00 8,~~280~~276,~~506~~972.2263 33,~~464~~451.0838 0.00 B-5 0.00 3,~~763~~762,~~821~~214.0589 15,~~210~~204.7699 0.00 B-6 0.00 2,~~258~~257,~~815~~851.1927 9,~~128~~125.5711 0.00 Totals 0.00 1,~~484~~469,~~868~~834,~~651~~098.3913 1720,~~545~~402,~~368~~356.7344 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-1 202,641,200.00 ~~199~~195,~~640~~302,~~444~~992.4441 7978,~~116~~006.2729 45,~~258~~086,~~335~~894.7628 0.00 0.00 I-A-2 150,000,000.00 ~~147~~144,~~778~~568,~~766~~078.9326 5857,~~563~~742.8118 3,~~152~~765,~~124~~444.8626 0.00 0.00 I-A-3 9,829,500.00 9,~~683~~473,~~942~~546.6017 3,~~837~~783.6984 ~~206~~246,~~558~~749.7456 0.00 0.00 II-A 615,389,500.00 ~~612~~609,~~271~~558,~~367~~936.0977 242,~~358~~652.6407 25,~~470~~021,~~071~~434.6862 0.00 0.00 III-A 196,437,800.00 ~~196~~195,~~282~~718,~~844~~497.4835 ~~116~~117,~~916~~429.6299 ~~447~~159,~~430~~011.5113 0.00 0.00 IV-A 274,502,500.00 ~~273~~272,~~354~~282,~~809~~933.0797 109,~~564~~766.9028 ~~962~~120,~~310~~903.2053 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 18,835,100.00 18,~~827~~819,~~187~~205.5416 78,~~982~~030.3885 0.00 0.00 0.00 B-2 14,314,700.00 14,~~308~~302,~~686~~619.5290 6,~~066~~103.6246 0.00 0.00 0.00 B-3 10,547,600.00 10,~~543~~538,~~169~~698.0494 4,~~470~~497.1125 0.00 0.00 0.00 B-4 8,287,500.00 8,~~284~~280,~~018~~506.4922 3,~~512~~533.2760 0.00 0.00 0.00 B-5 3,767,000.00 3,~~765~~763,~~417~~821.5205 1,~~596~~606.4716 0.00 0.00 0.00 B-6 2,260,723.00 2,~~259~~258,~~773~~815.2919 ~~958~~963.1092 0.00 0.00 0.00 Totals 1,506,813,223.00 1,~~497~~484,~~000~~868,~~427~~651.0139 634,~~943~~115.8889 1114,~~496~~400,~~831~~437.7538 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 45,~~337~~164,~~452~~900.0357 ~~195~~190,~~302~~138,~~992~~091.4183 0.~~96378719~~93829928 45,~~337~~164,~~452~~900.0357 I-A-2 3,~~210~~823,~~688~~186.6743 ~~144~~140,~~568~~744,~~078~~891.2683 0.~~96378719~~93829928 3,~~210~~823,~~688~~186.6743 I-A-3 ~~210~~250,~~396~~533.4341 9,~~473~~223,~~546~~012.1776 0.~~96378719~~93829928 ~~210~~250,~~396~~533.4341 II-A 25,~~712~~264,~~430~~086.3269 ~~609~~604,~~558~~294,~~936~~850.7708 0.~~99052541~~98197134 25,~~712~~264,~~430~~086.3269 III-A ~~564~~276,~~347~~441.1312 195,~~718~~442,~~497~~056.3523 0.~~99633827~~99493100 ~~564~~276,~~347~~441.1312 IV-A 1230,~~071,875~~669.1081 272,~~282~~052,~~933~~264.9716 0.~~99191422~~99107390 1230,~~071,875~~669.1081 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 78,~~982~~030.3885 18,~~819~~811,~~205~~174.1631 0.~~99915611~~99872973 78,~~982~~030.3885 B-2 6,~~066~~103.6246 14,~~302~~296,~~619~~516.9045 0.~~99915611~~99872973 6,~~066~~103.6246 B-3 4,~~470~~497.1125 10,~~538~~534,~~698~~201.9469 0.~~99915611~~99872973 4,~~470~~497.1125 B-4 3,~~512~~533.2760 8,~~280~~276,~~506~~972.2263 0.~~99915610~~99872973 3,~~512~~533.2760 B-5 1,~~596~~606.4716 3,~~763~~762,~~821~~214.0589 0.~~99915611~~99872973 1,~~596~~606.4716 B-6 ~~958~~963.1092 2,~~258~~257,~~815~~851.1927 0.~~99915611~~99872973 ~~958~~963.1092 Totals 1215,~~131~~034,~~775~~553.6327 1,~~484~~469,~~868~~834,~~651~~098.3913 0.~~98543644~~97545872 1215,~~131~~034,~~775~~553.6327

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 202,641,200.00 ~~985~~963.~~19177956~~78718844 0.~~39042539~~38494783 2125.~~01416573~~10296169 0.00000000 I-A-2 150,000,000.00 ~~985~~963.~~19177953~~78718840 0.~~39042540~~38494787 2125.~~01416573~~10296173 0.00000000 I-A-3 9,829,500.00 ~~985~~963.~~19177985~~78718857 0.~~39042576~~38494735 2125.~~01416552~~10296149 0.00000000 II-A 615,389,500.00 ~~994~~990.~~93307424~~52540996 0.~~39382966~~39430648 48.~~01383462~~15976649 0.00000000 III-A 196,437,800.00 ~~999~~996.~~21117260~~33826763 0.~~59518392~~59779732 20.~~27772104~~80947318 0.00000000 IV-A 274,502,500.00 ~~995~~991.~~81901465~~91422289 0.~~39913990~~39987352 30.~~50565186~~44044601 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 18,835,100.00 999.~~57990879~~15610536 0.~~42380343~~42637682 0.00000000 0.00000000 B-2 14,314,700.00 999.~~57990877~~15610526 0.~~42380350~~42637708 0.00000000 0.00000000 B-3 10,547,600.00 999.~~57990823~~15610565 0.~~42380352~~42637662 0.00000000 0.00000000 B-4 8,287,500.00 999.~~57990830~~15610498 0.~~42380332~~42637707 0.00000000 0.00000000 B-5 3,767,000.00 999.~~57990974~~15610565 0.~~42380409~~42637643 0.00000000 0.00000000 B-6 2,260,723.00 999.~~57990873~~15610625 0.~~42380247~~42637687 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-1 0.00000000 2125.~~40459112~~48790952 ~~963~~938.~~78718844~~29927887 0.~~96378719~~93829928 2125.~~40459112~~48790952 I-A-2 0.00000000 2125.~~40459113~~48790953 ~~963~~938.~~78718840~~29927887 0.~~96378719~~93829928 2125.~~40459113~~48790953 I-A-3 0.00000000 2125.~~40459128~~48790986 ~~963~~938.~~78718857~~29927870 0.~~96378719~~93829928 2125.~~40459128~~48790986 II-A 0.00000000 48.~~40766428~~55407297 ~~990~~981.~~52540996~~97133698 0.~~99052541~~98197134 48.~~40766428~~55407297 III-A 0.00000000 21.~~87290496~~40727049 ~~996~~994.~~33826763~~93099714 0.~~99633827~~99493100 21.~~87290496~~40727049 IV-A 0.00000000 30.~~90479176~~84031952 991.~~91422289~~07390337 0.~~99191422~~99107390 30.~~90479176~~84031952 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.~~42380343~~42637682 ~~999~~998.~~15610536~~72972854 0.~~99915611~~99872973 0.~~42380343~~42637682 B-2 0.00000000 0.~~42380350~~42637708 ~~999~~998.~~15610526~~72972888 0.~~99915611~~99872973 0.~~42380350~~42637708 B-3 0.00000000 0.~~42380352~~42637662 ~~999~~998.~~15610565~~72972904 0.~~99915611~~99872973 0.~~42380352~~42637662 B-4 0.00000000 0.~~42380332~~42637707 ~~999~~998.~~15610498~~72972911 0.~~99915610~~99872973 0.~~42380332~~42637707 B-5 0.00000000 0.~~42380409~~42637643 ~~999~~998.~~15610565~~72972923 0.~~99915611~~99872973 0.~~42380409~~42637643 B-6 0.00000000 0.~~42380247~~42637687 ~~999~~998.~~15610625~~72972938 0.~~99915611~~99872973 0.~~42380247~~42637687 (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-1 202,641,200.00 3.~~98415~~97344% ~~199~~195,~~640~~302,~~444~~992.4441 ~~662~~646,~~831~~686.3888 0.00 0.00 I-A-2 150,000,000.00 3.~~98415~~97344% ~~147~~144,~~778~~568,~~766~~078.9326 ~~490~~478,~~644~~693.0954 0.00 0.00 I-A-3 9,829,500.00 3.~~98415~~97344% 9,~~683~~473,~~942~~546.6017 3231,~~151~~368.9179 0.00 0.00 II-A 615,389,500.00 4.~~34414~~34422% ~~612~~609,~~271~~558,~~367~~936.0977 2,~~216~~206,~~493~~714.1783 0.00 0.00 III-A 196,437,800.00 4.~~13903~~13813% ~~196~~195,~~282~~718,~~844~~497.4835 ~~677~~674,~~016~~923.9308 0.00 0.00 IV-A 274,502,500.00 4.~~93773~~93600% ~~273~~272,~~354~~282,~~809~~933.0797 1,~~124~~119,~~792~~991.5109 0.00 0.00 R-I 50.00 3.~~99602~~99616% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~99602~~99616% 0.00 0.00 0.00 0.00 B-1 18,835,100.00 4.~~33874~~33565% 18,~~827~~819,~~187~~205.5416 6867,~~071~~994.8350 0.00 0.00 B-2 14,314,700.00 4.~~33874~~33565% 14,~~308~~302,~~686~~619.5290 51,~~734~~675.6891 0.00 0.00 B-3 10,547,600.00 4.~~33874~~33565% 10,~~543~~538,~~169~~698.0494 38,~~120~~076.0272 0.00 0.00 B-4 8,287,500.00 4.~~33874~~33565% 8,~~284~~280,~~018~~506.4922 29,~~951~~917.8178 0.00 0.00 B-5 3,767,000.00 4.~~33874~~33565% 3,~~765~~763,~~417~~821.5205 13,~~614~~598.2983 0.00 0.00 B-6 2,260,723.00 4.~~33874~~33565% 2,~~259~~258,~~773~~815.2919 8,~~170~~161.4719 0.00 0.00 Totals 1,506,813,223.00 5,~~413~~367,~~593~~803.0914 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 ~~662~~646,~~831~~686.3889 0.00 ~~195~~190,~~302~~138,~~992~~091.4183 I-A-2 0.00 0.00 ~~490~~478,~~644~~693.0954 0.00 ~~144~~140,~~568~~744,~~078~~891.2683 I-A-3 0.00 0.00 3231,~~151~~368.9179 0.00 9,~~473~~223,~~546~~012.1776 II-A (0.01) 0.00 2,~~216~~206,~~493~~714.1884 0.00 ~~609~~604,~~558~~294,~~936~~850.7708 III-A 0.00 0.00 ~~677~~674,~~016~~923.9308 0.00 195,~~718~~442,~~497~~056.3523 IV-A (0.01) 0.00 1,~~124~~119,~~792~~991.5109 0.00 272,~~282~~052,~~933~~264.9716 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 6867,~~071~~994.8351 0.00 18,~~819~~811,~~205~~174.1631 B-2 0.00 0.00 51,~~734~~675.6891 0.00 14,~~302~~296,~~619~~516.9045 B-3 0.00 0.00 38,~~120~~076.0272 0.00 10,~~538~~534,~~698~~201.9469 B-4 0.00 0.00 29,~~951~~917.8178 0.00 8,~~280~~276,~~506~~972.2263 B-5 0.00 0.00 13,~~614~~598.2983 0.00 3,~~763~~762,~~821~~214.0589 B-6 0.00 0.00 8,~~170~~161.4719 0.00 2,~~258~~257,~~815~~851.1927 Totals (0.02) 0.00 5,~~413~~367,~~593~~803.1017 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-1 202,641,200.00 3.~~98415~~97344% ~~985~~963.~~19177956~~78718844 3.~~27096059~~19129022 0.00000000 0.00000000 I-A-2 150,000,000.00 3.~~98415~~97344% ~~985~~963.~~19177953~~78718840 3.~~27096060~~19129027 0.00000000 0.00000000 I-A-3 9,829,500.00 3.~~98415~~97344% ~~985~~963.~~19177985~~78718857 3.~~27096088~~19129050 0.00000000 0.00000000 II-A 615,389,500.00 4.~~34414~~34422% ~~994~~990.~~93307424~~52540996 3.~~60177281~~58588314 0.00000000 0.00000000 III-A 196,437,800.00 4.~~13903~~13813% ~~999~~996.~~21117260~~33826763 3.~~44646972~~43581062 0.00000000 0.00000000 IV-A 274,502,500.00 4.~~93773~~93600% ~~995~~991.~~81901465~~91422289 4.~~09756745~~08007610 0.00000000 0.00000000 R-I 50.00 3.~~99602~~99616% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~99602~~99616% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 18,835,100.00 4.~~33874~~33565% 999.~~57990879~~15610536 3.~~61409443~~60998880 0.00000000 0.00000000 B-2 14,314,700.00 4.~~33874~~33565% 999.~~57990877~~15610526 3.~~61409460~~60998903 0.00000000 0.00000000 B-3 10,547,600.00 4.~~33874~~33565% 999.~~57990823~~15610565 3.~~61409420~~60998900 0.00000000 0.00000000 B-4 8,287,500.00 4.~~33874~~33565% 999.~~57990830~~15610498 3.~~61409472~~60998854 0.00000000 0.00000000 B-5 3,767,000.00 4.~~33874~~33565% 999.~~57990974~~15610565 3.~~61409344~~60998938 0.00000000 0.00000000 B-6 2,260,723.00 4.~~33874~~33565% 999.~~57990873~~15610625 3.~~61409602~~60999114 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-1 0.00000000 0.00000000 3.~~27096059~~19129027 0.00000000 ~~963~~938.~~78718844~~29927887 I-A-2 0.00000000 0.00000000 3.~~27096060~~19129027 0.00000000 ~~963~~938.~~78718840~~29927887 I-A-3 0.00000000 0.00000000 3.~~27096088~~19129050 0.00000000 ~~963~~938.~~78718857~~29927870 II-A (0.00000002) 0.00000000 3.~~60177283~~58588315 0.00000000 ~~990~~981.~~52540996~~97133698 III-A 0.00000000 0.00000000 3.~~44646972~~43581062 0.00000000 ~~996~~994.~~33826763~~93099714 IV-A (0.00000004) 0.00000000 4.~~09756745~~08007610 0.00000000 991.~~91422289~~07390337 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.~~61409443~~60998933 0.00000000 ~~999~~998.~~15610536~~72972854 B-2 0.00000000 0.00000000 3.~~61409460~~60998903 0.00000000 ~~999~~998.~~15610526~~72972888 B-3 0.00000000 0.00000000 3.~~61409420~~60998900 0.00000000 ~~999~~998.~~15610565~~72972904 B-4 0.00000000 0.00000000 3.~~61409472~~60998854 0.00000000 ~~999~~998.~~15610498~~72972911 B-5 0.00000000 0.00000000 3.~~61409344~~60998938 0.00000000 ~~999~~998.~~15610565~~72972923 B-6 0.00000000 0.00000000 3.~~61409602~~60999114 0.00000000 ~~999~~998.~~15610625~~72972938 (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 1720,~~967~~895,~~603~~071.3499 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7759,~~630~~292.7507 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1820,~~045~~954,~~234~~364.0906 Withdrawals Reimbursement for Servicer Advances 2277,~~255~~630.5075 Payment of Service Fee ~~477~~474,~~609~~376.8687 Payment of Interest and Principal 1720,~~545~~402,~~368~~356.7344 Total Withdrawals (Pool Distribution Amount) 1820,~~045~~954,~~234~~364.0906 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~462~~459,~~307~~179.1821 Additional Servicing Fee 11,~~890~~787.3311 Miscellaneous Fee 3,~~412~~410.3555 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~477~~474,~~609~~376.8687

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 3326 0 0 0 3326 1813,~~790~~599,~~927~~350.7744 0.00 0.00 0.00 1813,~~790~~599,~~927~~350.7744 60 Days 24 0 0 0 24 ~~857~~2,~~000~~076,800.00 0.00 0.00 0.00 ~~857~~2,~~000~~076,800.00 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 10 0 10 0.00 0.00 ~~112,000~~0.00 0.00 ~~112,000~~0.00 Totals 3530 0 10 0 3630 1915,~~647~~676,~~927~~150.7744 0.00 ~~112,000~~0.00 0.00 1915,~~759~~676,~~927~~150.7744 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 10.~~155058~~917755% 0.000000% 0.000000% 0.000000% 10.~~155058~~917755% 10.~~265105~~924962% 0.000000% 0.000000% 0.000000% 10.~~265105~~924962% 60 Days 0.~~070004~~141193% 0.000000% 0.000000% 0.000000% 0.~~070004~~141193% 0.~~057698~~141254% 0.000000% 0.000000% 0.000000% 0.~~057698~~141254% 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.~~035002~~000000% 0.000000% 0.~~035002~~000000% 0.000000% 0.000000% 0.~~007540~~000000% 0.000000% 0.~~007540~~000000% Totals 1.~~225061~~058948% 0.000000% 0.~~035002~~000000% 0.000000% 1.~~260063~~058948% 1.~~322803~~066216% 0.000000% 0.~~007540~~000000% 0.000000% 1.~~330343~~066216%

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 8 0 0 0 8 54,~~150~~039,~~328~~818.7589 0.00 0.00 0.00 54,~~150~~039,~~328~~818.7589 60 Days 1 0 0 0 1 ~~232~~650,000.00 0.00 0.00 0.00 ~~232~~650,000.00 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 9 0 0 0 9 54,~~382~~689,~~328~~818.7589 0.00 0.00 0.00 54,~~382~~689,~~328~~818.7589 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~146132~~173021% 0.000000% 0.000000% 0.000000% 1.~~146132~~173021% 1.~~415104~~138917% 0.000000% 0.000000% 0.000000% 1.~~415104~~138917% 60 Days 0.~~143266~~146628% 0.000000% 0.000000% 0.000000% 0.~~143266~~146628% 0.~~063744~~183250% 0.000000% 0.000000% 0.000000% 0.~~063744~~183250% 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 1.~~289398~~319648% 0.000000% 0.000000% 0.000000% 1.~~289398~~319648% 1.~~478848~~322166% 0.000000% 0.000000% 0.000000% 1.~~478848~~322166% 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 1910 0 0 0 19 10 4,~~341~~692,~~966~~445.7541 0.00 0.00 0.00 104,~~341~~692,~~966~~445.7541 60 Days 13 0 0 0 13 ~~625~~1,~~000~~426,800.00 0.00 0.00 0.00 ~~625~~1,~~000~~426,800.00 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 2013 0 0 0 2013 106,~~966~~119,~~966~~245.7541 0.00 0.00 0.00 106,~~966~~119,~~966~~245.7541 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~513944~~801282% 0.000000% 0.000000% 0.000000% 10.~~513944~~801282% 10.~~630301~~745936% 0.000000% 0.000000% 0.000000% 10.~~630301~~745936% 60 Days 0.~~079681~~240385% 0.000000% 0.000000% 0.000000% 0.~~079681~~240385% 0.~~098525~~226812% 0.000000% 0.000000% 0.000000% 0.~~098525~~226812% 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 1.~~593625~~041667% 0.000000% 0.000000% 0.000000% 1.~~593625~~041667% 10.~~728826~~972748% 0.000000% 0.000000% 0.000000% 10.~~728826~~972748% 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 16 0 0 0 16 ~~489~~3,~~892~~376,124.8789 0.00 0.00 0.00 ~~489~~3,~~892~~376,124.8789 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 10 0 10 0.00 0.00 ~~112,000~~0.00 0.00 ~~112,000~~0.00 Totals 16 0 10 0 26 ~~489~~3,~~892~~376,124.8789 0.00 ~~112,000~~0.00 0.00 ~~601~~3,~~892~~376,124.8789 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~255754~~538462% 0.000000% 0.000000% 0.000000% 01.~~255754~~538462% 01.~~240542~~660070% 0.000000% 0.000000% 0.000000% 01.~~240542~~660070% 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.~~255754~~000000% 0.000000% 0.~~255754~~000000% 0.000000% 0.000000% 0.~~054993~~000000% 0.000000% 0.~~054993~~000000% Totals 01.~~255754~~538462% 0.000000% 0.~~255754~~000000% 0.000000% 01.~~511509~~538462% 01.~~240542~~660070% 0.000000% 0.~~054993~~000000% 0.000000% 01.~~295535~~660070% 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 52 0 0 0 5 2 1,~~808~~490,~~739~~961.4025 0.00 0.00 0.00 21,~~808~~490,~~739~~961.4025 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 52 0 0 0 5 2 1,~~808~~490,~~739~~961.4025 0.00 0.00 0.00 21,~~808~~490,~~739~~961.4025 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~974659~~389864% 0.000000% 0.000000% 0.000000% 0.~~974659~~389864% 0.~~991263~~526632% 0.000000% 0.000000% 0.000000% 0.~~991263~~526632% 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.~~974659~~389864% 0.000000% 0.000000% 0.000000% 0.~~974659~~389864% 0.~~991263~~526632% 0.000000% 0.000000% 0.000000% 0.~~991263~~526632%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7759,~~630~~292.7507

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.~~722406~~721371% Weighted Average Net Coupon 4.~~351819~~350284% Weighted Average Pass-Through Rate 4.~~339552~~338002% Weighted Average Maturity(Stepdown Calculation ) ~~358~~357 Beginning Scheduled Collateral Loan Count 2,~~877~~857 Number Of Loans Paid In Full 2024 Ending Scheduled Collateral Loan Count 2,~~857~~833 Beginning Scheduled Collateral Balance 1,~~497~~484,~~000~~868,~~427~~652.8928 Ending Scheduled Collateral Balance 1,~~484~~469,~~868~~834,~~652~~099.2802 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 1,~~485~~470,~~325~~260,~~337~~013.3096 Monthly P &I Constant 6,~~526~~476,~~146~~295.8488 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 1,~~484~~469,~~868~~834,~~652~~099.2802 Scheduled Principal 634,~~943~~115.8688 Unscheduled Principal 1114,~~496~~400,~~831~~437.7538

Miscellaneous Reporting Avearge Loss Severity % Group I 0.000000% Avearge Loss Severity % Group II 0.000000% Avearge Loss Severity % Group III 0.000000% Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group I 96.~~095861~~014129% Senior Percentage Group II 96.~~132596~~117533% Senior Percentage Group III 96.~~149232~~140768% Senior Percentage Group IV 96.~~135912~~122785% Senior Prep. Percentage Group I 100.000000% Senior Prep. Percentage Group II 100.000000% Senior Prep. Percentage Group III 100.000000% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group I 3.~~904139~~985871% Subordinate Percentage Group II 3.~~867404~~882467% Subordinate Percentage Group III 3.~~850768~~859232% Subordinate Percentage Group IV 3.~~864088~~877215% Subordinate Prep. Percentage Group I 0.000000% Subordinate Prep. Percentage Group II 0.000000% Subordinate Prep. Percentage Group III 0.000000% Subordinate Prep. Percentage Group IV 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~244191~~233684 4.~~799899~~799933 4.~~702044~~700768 Weighted Average Net Rate 43.~~000489~~990111 4.~~361724~~361692 4.~~143389~~142492 Weighted Average Maturity ~~358~~ 357 ~~358~~356 357 Beginning Loan Count ~~713~~698 1,~~258~~255 ~~392~~391 Loans Paid In Full 1516 37 1 Ending Loan Count ~~698~~682 1,~~255~~248 ~~391~~390 Beginning Scheduled Balance ~~371~~363,~~611~~847,~~397~~111.9328 ~~636~~634,~~903~~180,~~012~~832.9658 ~~204~~203,~~143~~574,~~965~~936.8320 Ending scheduled Balance ~~363~~354,~~847~~602,~~111~~698.2841 ~~634~~628,~~180~~906,~~832~~944.5847 203,~~574~~293,~~936~~781.2027 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 1,~~461~~429,~~592~~002.0885 2,~~799~~789,~~667~~141.1455 ~~921~~919,~~510~~609.7623 Scheduled Principal ~~147~~145,~~267~~324.2977 252,~~108~~453.7049 ~~121~~122,~~599~~143.1280 Unscheduled Principal 79,~~617~~099,~~019~~088.3610 25,~~470~~021,~~071~~434.6862 ~~447~~159,~~430~~011.5113 Scheduled Interest 1,~~314~~283,~~324~~678.7908 2,~~547~~536,~~558~~688.4406 ~~799~~797,~~911~~465.6443 Servicing Fees 7573,~~468~~852.6391 ~~232~~231,~~562~~603.2554 9594,~~038~~709.3706 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 5,~~059~~055.5934 9,~~333~~233.5795 ~~741~~740.83 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 1,~~233~~204,~~796~~769.5783 2,~~305~~295,~~662~~850.6257 ~~704~~702,~~131~~015.4454 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 3.~~984151~~973438 4.~~344139~~344219 4.~~139029~~138125

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~188433~~186712 4.~~722406~~721371 Weighted Average Net Rate 4.~~938433~~936712 4.~~351819~~350284 Weighted Average Maturity ~~358~~357 ~~358~~357 Beginning Loan Count ~~514~~513 2,~~877~~857 Loans Paid In Full 10 2024 Ending Loan Count 513 2,~~857~~833 Beginning Scheduled Balance ~~284~~283,~~342~~265,~~051~~772.1722 1,~~497~~484,~~000~~868,~~427~~652.8928 Ending scheduled Balance 283,~~265~~030,~~772~~674.2287 1,~~484~~469,~~868~~834,~~652~~099.2802 Record Date 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 1,~~343~~338,~~376~~542.8625 6,~~526~~476,~~146~~295.8488 Scheduled Principal ~~113~~114,~~968~~193.7582 634,~~943~~115.8688 Unscheduled Principal ~~962~~120,~~310~~903.2053 1114,~~496~~400,~~831~~437.7538 Scheduled Interest 1,~~229~~224,~~408~~348.1143 5,~~891~~842,~~202~~180.9800 Servicing Fees 59,~~237~~013.9370 ~~462~~459,~~307~~179.1821 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 167.6954 15,~~302~~197.6866 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 1,~~170~~165,~~002~~167.4919 5,~~413~~367,~~593~~803.1213 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 4.~~937725~~936003 4.~~339552~~338002

Filing Compare · BEAR STEARNS ARM TRUST, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2004-3