8-K 1 bsa03002_sep.txt SEPTEMBER 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): September 27, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-05 54-2121828 Pooling and Servicing Agreement) (Commission 54-2121829 (State or other File Number) 54-2121830 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) 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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2003-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-2 Trust, relating to the September 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-2 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: 9/23/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-2 Trust, relating to the September 27, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Asset~~Mortgage Pass-~~Backed~~Through Certificates Record Date: 28/2931/2004 Distribution Date: 39/2527/2004 BSA Series: 2003-2 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 A-1 07384YJN7 SEN 12.~~49000~~01500% ~~136~~101,~~036~~891,~~604~~221.5172 ~~163~~188,~~281~~201.7158 43,~~008~~816,~~752~~180.1237 A-2 07384YJP2 SEN 12.~~54000~~06500% ~~154~~110,~~861~~114,~~183~~403.4232 ~~192~~208,~~113~~437.9039 65,~~723~~541,~~312~~386.7852 A-3 07384YJQ0 SEN 12.~~84000~~36500% 28,579,000.00 4261,~~360~~956.4389 0.00 A-IO 07384YJT4 IO 5.00000% 0.00 215,416.67 0.00 M-1 07384YJU1 MEZ 2.~~29000~~81500% 25,851,000.00 4766,~~687~~706.9135 0.00 M-2 07384YJV9 MEZ 3.~~09000~~61500% 23,265,000.00 5777,~~910~~094.4639 0.00 B 07384YJW7 SUB 45.~~59000~~11500% 20,680,000.00 7696,~~464~~963.3035 0.00 B-IO BSA032BIO IO 0.00000% 0.00 1989,~~567,973~~235.9078 0.00 R-1 BSA0302R1 RES 0.00000% 0.00 0.00 0.00 R-2 BSA0302R2 RES 0.00000% 0.00 0.00 0.00 R-3 BSA0302R3 RES 0.00000% 0.00 0.00 0.00 OC BSA0302OC OC 0.00000% 9,306,154.25 0.00 0.00 Totals ~~398~~319,~~578~~686,~~942~~779.1829 21,~~363~~904,~~209~~012.2840 109,~~732~~357,~~064~~566.9089

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~132~~98,~~027~~075,~~852~~041.3935 4,~~172~~004,~~033~~381.8395 0.00 A-2 0.00 ~~148~~104,~~137~~573,~~870~~016.6480 65,~~915~~749,~~426~~823.6891 0.00 A-3 0.00 28,579,000.00 4261,~~360~~956.4389 0.00 A-IO 0.00 0.00 215,416.67 0.00 M-1 0.00 25,851,000.00 4766,~~687~~706.9135 0.00 M-2 0.00 23,265,000.00 5777,~~910~~094.4639 0.00 B 0.00 20,680,000.00 7696,~~464~~963.3035 0.00 B-IO 0.00 0.00 1989,~~567,973~~235.9078 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 OC 0.00 9,306,154.25 0.00 0.00 Totals 0.00 ~~387~~310,~~846~~329,~~877~~212.2840 1311,~~095~~261,~~274~~579.1829 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 200,005,000.00 ~~136~~101,~~036~~891,~~604~~221.5172 0.00 43,~~008~~816,~~752~~180.1237 0.00 0.00 A-2 218,628,000.00 ~~154~~110,~~861~~114,~~183~~403.4232 0.00 65,~~723~~541,~~312~~386.7852 0.00 0.00 A-3 28,579,000.00 28,579,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 25,851,000.00 25,851,000.00 0.00 0.00 0.00 0.00 M-2 23,265,000.00 23,265,000.00 0.00 0.00 0.00 0.00 B 20,680,000.00 20,680,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 OC 569.35 9,306,154.25 0.00 0.00 0.00 0.00 Totals 517,008,719.35 ~~398~~319,~~578~~686,~~942~~779.1829 0.00 109,~~732~~357,~~064~~566.9089 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 43,~~008~~816,~~752~~180.1237 ~~132~~98,~~027~~075,~~852~~041.3935 0.~~66012276~~49036295 43,~~008~~816,~~752~~180.1237 A-2 65,~~723~~541,~~312~~386.7852 ~~148~~104,~~137~~573,~~870~~016.6480 0.~~67757959~~47831484 65,~~723~~541,~~312~~386.7852 A-3 0.00 28,579,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 25,851,000.00 1.00000000 0.00 M-2 0.00 23,265,000.00 1.00000000 0.00 B 0.00 20,680,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 OC 0.00 9,306,154.25 16,345.22569597 0.00 Totals 109,~~732~~357,~~064~~566.9089 ~~387~~310,~~846~~329,~~877~~212.2840 0.~~75017473~~60023980 109,~~732~~357,~~064~~566.9089

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 200,005,000.00 ~~680~~509.~~16601840~~44337252 0.00000000 2019.~~04325952~~08042484 0.00000000 A-2 218,628,000.00 ~~708~~503.~~33188530~~66102841 0.00000000 3025.~~75229513~~34618859 0.00000000 A-3 28,579,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 25,851,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 23,265,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 20,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 569.35 16345225.69596910 0.00000000 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 A-1 0.00000000 2019.~~04325952~~08042484 ~~660~~490.~~12275888~~36294768 0.~~66012276~~49036295 2019.~~04325952~~08042484 A-2 0.00000000 3025.~~75229513~~34618859 ~~677~~478.~~57959017~~31483982 0.~~67757959~~47831484 3025.~~75229513~~34618859 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.~~00000000 16~~0000000016,345,225.69596910 16345.22569597 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 200,005,000.00 12.~~49000~~01500% ~~136~~101,~~036~~891,~~604~~221.5172 ~~163~~188,~~281~~201.7158 0.00 0.00 A-2 218,628,000.00 12.~~54000~~06500% ~~154~~110,~~861~~114,~~183~~403.4232 ~~192~~208,~~113~~437.9039 0.00 0.00 A-3 28,579,000.00 12.~~84000~~36500% 28,579,000.00 4261,~~360~~956.4389 0.00 0.00 A-IO 0.00 5.00000% 51,700,000.00 215,416.67 0.00 0.00 M-1 25,851,000.00 2.~~29000~~81500% 25,851,000.00 4766,~~687~~706.9135 0.00 0.00 M-2 23,265,000.00 3.~~09000~~61500% 23,265,000.00 5777,~~910~~094.4639 0.00 0.00 B 20,680,000.00 45.~~59000~~11500% 20,680,000.00 7696,~~464~~963.3035 0.00 0.00 B-IO 0.00 0.00000% ~~398~~319,~~578~~686,~~942~~779.1829 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 OC 569.35 0.00000% 9,306,154.25 0.00 0.00 0.00 Totals 517,008,719.35 ~~795~~914,~~235~~776.3862 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~163~~188,~~281~~201.7158 0.00 ~~132~~98,~~027~~075,~~852~~041.3935 A-2 0.00 0.00 ~~192~~208,~~113~~437.9039 0.00 ~~148~~104,~~137~~573,~~870~~016.6480 A-3 0.00 0.00 4261,~~360~~956.4389 0.00 28,579,000.00 A-IO 0.00 0.00 215,416.67 0.00 51,700,000.00 M-1 0.00 0.00 4766,~~687~~706.9135 0.00 25,851,000.00 M-2 0.00 0.00 5777,~~910~~094.4639 0.00 23,265,000.00 B 0.00 0.00 7696,~~464~~963.3035 0.00 20,680,000.00 B-IO 0.00 0.00 1989,~~567,973~~235.9078 0.00 ~~387~~310,~~846~~329,~~877~~212.2840 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 9,306,154.25 Totals 0.00 0.00 21,~~363~~904,~~209~~012.2840 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 200,005,000.00 12.~~49000~~01500% ~~680~~509.~~16601840~~44337252 0.~~81638814~~94098438 0.00000000 0.00000000 A-2 218,628,000.00 12.~~54000~~06500% ~~708~~503.~~33188530~~66102841 0.~~87872505~~95338836 0.00000000 0.00000000 A-3 28,579,000.00 12.~~84000~~36500% 1000.00000000 12.~~48222226~~16791665 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666673 0.00000000 0.00000000 M-1 25,851,000.00 2.~~29000~~81500% 1000.00000000 12.~~84472206~~58041662 0.00000000 0.00000000 M-2 23,265,000.00 3.~~09000~~61500% 1000.00000000 23.~~48916656~~31374984 0.00000000 0.00000000 B 20,680,000.00 45.~~59000~~11500% 1000.00000000 34.~~69750000~~68875000 0.00000000 0.00000000 B-IO 0.00 0.00000% ~~770~~618.~~93295123~~33942074 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 569.35 0.00000% 16345225.69596910 0.00000000 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 A-1 0.00000000 0.00000000 0.~~81638814~~94098438 0.00000000 ~~660~~490.~~12275888~~36294768 A-2 0.00000000 0.00000000 0.~~87872505~~95338836 0.00000000 ~~677~~478.~~57959017~~31483982 A-3 0.00000000 0.00000000 12.~~48222226~~16791665 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 4.16666673 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 12.~~84472206~~58041662 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 23.~~48916656~~31374984 0.00000000 1000.00000000 B 0.00000000 0.00000000 34.~~69750000~~68875000 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 31.~~03278126~~91338372 0.00000000 ~~750~~600.~~17494926~~23997821 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 16345225.69596910 (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 1311,~~309~~426,~~001~~781.0348 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~490~~428,~~129~~757.5191 Realized Loss (Gains, Subsequent Expenses & Recoveries) (5831,~~145~~816.0342) Prepayment Penalties 0.00 Total Deposits 1311,~~740~~823,~~985~~722.5197 Withdrawals Reimbursement for Servicer Advances ~~492~~438,~~457~~058.6848 Payment of Service Fee ~~153~~124,~~253~~085.6520 Payment of Interest and Principal 1311,~~095~~261,~~274~~579.1829 Total Withdrawals (Pool Distribution Amount) 1311,~~740~~823,~~985~~722.5197 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~149~~121,~~932~~421.1715 Master Servicing Fee 32,~~321~~664.4805 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~153~~124,~~253~~085.6520

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 ~~120~~126 0 0 ~~120~~126 89,~~347~~022,~~131~~007.4211 0.00 0.00 89,~~347~~022,~~131~~007.4211 30 Days ~~192~~157 139 54 01 ~~210~~171 1912,~~027~~821,~~996~~844.1506 ~~677~~460,~~888~~162.8491 ~~371~~316,~~868~~175.2037 016,540.0079 2013,~~077~~614,~~753~~723.1913 60 Days 9269 10 8 9 0 ~~110~~86 98,~~876~~109,~~085~~103.4016 ~~838~~522,~~536~~024.9374 21,~~026~~382,~~982~~673.9866 0.00 1210,~~741~~013,~~605~~801.3156 90 Days 2934 35 3213 0 6452 2,~~356~~583,~~194~~755.2622 ~~172~~447,~~997~~312.0238 31,~~308~~366,~~190~~818.5967 0.00 54,~~837~~397,~~381~~886.8727 120 Days 1210 75 2125 0 40 ~~757~~822,~~249~~454.2127 ~~436~~148,~~928~~738.4502 24,~~127~~257,~~772~~509.1380 0.00 35,~~321~~228,~~949~~702.7909 150 Days 53 98 2622 0 4033 ~~567~~129,~~347~~742.7741 ~~816~~392,~~881~~711.8286 32,~~891~~793,~~026~~147.5911 0.00 53,~~275~~315,~~256~~601.1838 180+ Days 1716 3556 7978 1232 ~~143~~182 1,~~510~~464,~~322~~627.5361 34,~~364~~754,~~121~~054.9810 96,~~570~~991,~~412~~554.6566 13,~~141~~822,~~558~~709.0414 1517,~~586~~032,~~415~~945.2051 Totals ~~347~~289 ~~197~~217 ~~171~~151 1233 ~~727~~690 3425,~~095~~931,~~195~~526.3273 1415,~~654~~747,~~486~~011.4612 2117,~~296~~107,~~253~~879.1427 13,~~141~~839,~~558~~249.0493 7162,~~187~~625,~~492~~667.9605 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 3.~~054990~~867403% 0.000000% 0.000000% 3.~~054990~~867403% 2.~~147094~~898887% 0.000000% 0.000000% 2.~~147094~~898887% 30 Days 4.~~887984~~818907% 0.~~330957~~276243% 0.~~127291~~122775% 0.~~000000~~030694% 5.~~346232~~248619% 4.~~894484~~119824% 0.~~174370~~147856% 0.~~095654~~101591% 0.~~000000~~005315% 54.~~164509~~374586% 60 Days 2.~~342159~~117864% 0.~~254582~~245549% 0.~~203666~~276243% 0.000000% 2.~~800407~~639656% 2.~~540380~~605560% 0.~~215693~~167733% 0.~~521392~~444271% 0.000000% 3.~~277465~~217564% 90 Days 01.~~738289~~043585% 0.~~076375~~153468% 0.~~814664~~399018% 0.000000% 1.~~629328~~596071% 0.~~606073~~830194% 0.~~044499~~143727% 0.~~850951~~439177% 0.000000% 1.~~501523~~413098% 120 Days 0.~~305499~~306937% 0.~~178208~~153468% 0.~~534623~~767342% 0.000000% 1.~~018330~~227747% 0.~~194784~~264265% 0.~~112389~~047791% 01.~~547317~~367993% 0.000000% 01.~~854490~~680050% 150 Days 0.~~127291~~092081% 0.~~229124~~245549% 0.~~661914~~675261% 0.000000% 1.~~018330~~012891% 0.~~145936~~041688% 0.~~210123~~126183% 10.~~000871~~897474% 0.000000% 1.~~356930~~065346% 180+ Days 0.~~432790~~491099% 01.~~891039~~718846% 2.~~011202~~394107% 0.~~305499~~982198% 35.~~640530~~586249% 0.~~388493~~470604% 01.~~865338~~527539% 2.~~461753~~246477% 01.~~293638~~228286% 45.~~009222~~472905% Totals 8.~~834012~~870473% 56.~~015275~~660528% 4.~~353360~~634745% 01.~~305499~~012891% 1821.~~508147~~178637% 8.~~770151~~332135% 35.~~769507~~059718% 5.~~477938~~496983% 01.~~293638~~233601% 1820.~~311233~~122436%

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 810 0 0 810 ~~635~~746,~~790~~101.0460 0.00 0.00 ~~635~~746,~~790~~101.0460 30 Days 2112 1 2 0 ~~24 2,818,893.11 156,009.75 199,219.74~~ 0~~.00~~ ~~3,174,122.60~~13 ~~60 Days 6 0 0 0 6 656~~1,~~344.67 0.00 0.00 0.00 656~~084,~~344~~181.6720 ~~90 Days 3 0 10 0 13 260~~84,~~151~~242.7080 0.00 ~~825,460.09~~ 0.00 1,~~085~~168,~~611~~424.7900 ~~120~~60 Days 8 1 02 3 0 411 711,~~253.64 0.00 270~~540,~~526~~624.2853 ~~0.00 341~~155,~~779~~259.9227 ~~150 Days 0 0 4 0 4 0.00 0.00 280~~138,~~519~~802.7205 0.00 ~~280,519.72 180 Days 0 6 9 3 18 0.00 514,414.05 898,264.52 477,756.47~~ 1,~~890~~834,~~435~~685.0485 Totals 31 15 28 3 77 3,806,643.12 1,306,213.84 2,473,990.35 477,756.47 8,064,603.78 0-29 Days 2.179837% 0.000000% 0.000000% 2.179837% 1.243616% 0.000000% 0.000000% 1.243616% 30 Days 5.722071% 0.272480% 0.544959% 0.000000% 6.539510% 5.513800% 0.305158% 0.389677% 0.000000% 6.208635% 60 Days 1.634877% 0.000000% 0.000000% 0.000000% 1.634877% 1.283821% 0.000000% 0.000000% 0.000000% 1.283821% 90 Days 0.817439% 0.000000% 2.724796% 0.000000% 3.542234% 0.508861% 0.000000% 1.614613% 0.000000% 2.123474% 120 Days 0.272480% 0.000000% 0.817439% 0.000000% 1.089918% 0.139373% 0.000000% 0.529154% 0.000000% 0.668527% 150 Days 0.000000% 0.000000% 1.089918% 0.000000% 1.089918% 0.000000% 0.000000% 0.548701% 0.000000% 0.548701% 180 Days 0.000000% 1.634877% 2.452316% 0.817439% 4~~.904632%~~ 0~~.000000%~~ ~~1.006202% 1.757020% 0.934499%~~ 3~~.697721%~~ ~~Totals 8.446866% 4.087193% 7.629428%~~ 0~~.817439%~~ ~~20.980926%~~ 7~~.445855%~~ 2.554975% 4.839165% 0.934499% 15.774495% 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 30 0 0 30 3251,~~174,476~~107.~~38 0.00 0.00 3,174,476.38 30 Days 67 3 1 0 71 7,758,915.94 177,910.77 65,925.~~43 0.00 8222,~~002,752~~040.1453 ~~60 Days 27 1 4~~ 0 ~~32 4,498,083~~.~~38 337,990.44 1,347,910.22 0.~~00 6473,~~183,984~~147.0496 90120 Days ~~10 1 15~~ 0 ~~26 1,189,325.16 116,807.77 2,004,642.07~~ 0~~.00~~ 3~~,310,775.00~~ ~~120 Days 2 2 4~~ 0 83 ~~156,621.57 198,005.24 388,874.01~~ 0.00 ~~743,500.82 150 Days 2 5 7~~ 0 ~~14 363,980~~.1300 ~~527~~469,~~404~~451.3029 ~~2,609,180.33~~ 0.00 3469,~~500,564~~451.~~76 180 Days 5 16 35 3 59 979,994.65 2,148,012.06 5,620,876.70 234,802.93 8,983,686.34 Totals 113 58 66 3 240 14,946,920.83 6,680,606.96 12,037,408.76 234,802.93 33,899,739.48 0-~~29 Days 3.344482% 0.000000% 0.000000% 3.344482% 2.710220% 0.000000% 0.000000% 2.710220% 30 Days 7.469342% 0.334448% 0.111483% 0.000000% 7.915273% 6.624200% 0.151892% 0.056284% 0.000000% 6.832376% 60 Days 3.010033% 0.111483% 0.445931% 0.000000% 3.567447% 3.840254% 0.288560% 1.150783% 0.000000% 5.279597% 90 Days 1.114827% 0.111483% 1.672241% 0.000000% 2.898551% 1.015390% 0.099725% 1.711470% 0.000000% 2.826585% 120 Days 0.222965% 0.222965% 0.445931% 0.000000% 0.891862% 0.133716% 0.169048% 0.332002% 0.000000% 0.634766% 150 Days 0~~.222965%~~ 0~~.557414%~~ ~~0.780379% 0.000000% 1.560758% 0.310749% 0.450273%~~ 2~~.227596%~~ 0~~.000000%~~ 2~~.988619%~~ ~~180 Days~~ 0.557414% 1.783724% 3.901895% 0.334448% 6.577480% 0.836674% 1.833872% 4.798842% 0.200464% 7.669852% Totals 12.597547% 6.465998% 7.357860% 0.334448% 26.755853% 12.760983% 5.703590% 10.276977% 0.200464% 28.942015% 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 60 0 0 60 3,262,359.80 0.00 0.00 3117,~~262,359~~728.8026 ~~30 Days 92 6 2~~ 0 ~~100 7,800,850~~.~~78 205,356.97 106,723.03 0.~~00 8117,~~112,930~~728.7826 60180 Days 532 712 ~~4 0 64 4,397,877.58 369,815.80 679,072.76 0.00 5,446,766.14 90 Days 16 1~~ 6 02 2322 ~~906~~201,~~717~~619.4041 ~~7,513.25 411,015.20 0.00~~ 1,~~325~~012,~~245~~507.8586 ~~120 Days 8 5 13 0 26 460~~561,~~888~~528.4644 ~~238~~162,~~923~~059.2135 1,~~397~~937,~~066~~715.6406 ~~0.00~~Totals ~~2,096,878.31~~26 ~~150~~24 ~~Days~~16 2 468 ~~13 0 19 172~~3,~~794.30 289~~077,~~477~~532.5257 ~~922,036.71 0.00~~ 1,~~384~~998,~~308~~111.53 ~~180 Days 10 12 28 6 56 400~~1,~~187.64 645~~509,~~582~~550.8757 2162,~~747,091~~059.7435 ~~428,998.64 4,221,860.89 Totals 181 95 66~~ 6 ~~348 14~~,~~139~~747,~~316~~254.1602 ~~5,019,029.42 6,263,006.08 428,998.64 25,850,350.30~~ 0-29 Days 23.~~532714~~194888% 0.000000% 0.000000% 23.~~532714~~194888% 1.~~582864~~750371% 0.000000% 0.000000% 1.~~582864~~750371% 30 Days 3.~~883495~~833866% 0.~~253271~~319489% 0.~~084424~~000000% 0.000000% 4.~~221190~~153355% 32.~~784895~~543513% 0.~~099637~~197635% 0.~~051781~~000000% 0.000000% 32.~~936313~~741148% 60 Days 2.~~237231~~555911% 0.~~295483~~319489% 0.~~168848~~638978% 0.000000% 23.~~701562~~514377% 23.~~133806~~614339% 0.~~179431~~364242% 0.~~329479~~325633% 0.000000% 24.~~642716~~304213% 90 Days 01.~~675390~~277955% 0.~~042212% 0.253271% 0.~~000000% 0.~~970874~~958466% 0.~~439930% 0.003645% 0.199420% 0.~~000000% 02.~~642996~~236422% ~~120 Days~~ 0.~~337695~~589104% 0.~~211060% 0.548755% 0.~~000000% ~~1.097509%~~ 0.~~223618~~520912% 0.~~115923% 0.677843% 0.~~000000% 1.~~017384~~110015% ~~150~~120 Days 0.~~084424% 0.168848% 0.548755% 0.~~000000% 0.~~802026% 0.083838% 0.140452% 0.447363% 0.~~000000% 0.~~671653~~958466% ~~180 Days~~ 0.422119% 0.506543% 1.181933% 0.253271% 2.363867% 0.194167% 0.313230% 1.332861% 0.208146% 2.048405% Totals 7.640355% 4.010131% 2.785986% 0.253271% 14.689743% 6.860255% 2.435183% 3.038748% 0.208146% 12.542331% 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 22 0 0 22 1,274,505.20 0.00 0.00 1,274,505.20 30 Days 12 3 0 0 15 649,336.32 138,611.35 0.00 0.00 787,947.67 60 Days 6 2 0 0 8 323,779.77 130,730.69 0.00 0.00 454,510.46 90 Days 0 1 1 0 2 0.00 48,676.00 67,073.23 0.00 115,749.23 120 Days 1 0 1 0 2 68,485.54 0.00 71,305.20 0.00 139,790.74 150 Days 1 0 2 0 3 30,573.34 0.00 79,289.83 0.00 109,863.17 180 Days 2 1 7 0 10 130,140.24 56,113.00 304,179.69 0.00 490,432.93 Totals 22 29 11 0 62 1,202,315.21 1,648,636.24 521,847.95 0.00 3,372,799.40 0-29 Days 7.457627% 0.000000% 0.~~000000~~958466% ~~7.457627% 8.847628%~~ 0.000000% 0.000000% ~~8.847628% 30 Days 4.067797%~~ 1.~~016949~~101343% 0.000000% 01.~~000000~~101343% ~~5.084746%~~150 ~~4.507700% 0.962241% 0.000000% 0.000000% 5.469941% 60~~ Days ~~2.033898%~~ 0.~~677966% 0.~~000000% 0.000000% ~~2.711864% 2.247683%~~ 0.~~907534~~638978% 0.000000% 0.~~000000~~638978% ~~3.155216% 90 Days~~ 0.000000% 0.~~338983% 0.338983% 0.~~000000% 0.~~677966~~276193% 0.000000% 0.~~337909~~276193% ~~0.465623%~~180 ~~0.000000% 0.803532% 120~~ Days 0.~~338983~~638978% 03.~~000000~~833866% ~~0.338983% 0.000000% 0.677966% 0.475427% 0.000000% 0.495001% 0.000000% 0.970429% 150 Days 0.338983% 0.000000% 0.677966% 0.000000%~~ 1.~~016949~~916933% 0.~~212240~~638978% 07.~~000000~~028754% 0.~~550431~~473004% ~~0.000000% 0.762671% 180 Days 0.677966% 0.338983%~~ 2.~~372881~~375366% 01.~~000000~~317358% ~~3.389831%~~ 0.~~903435~~380195% 04.~~389537~~545922% ~~2.111619%~~Totals 08.~~000000~~306709% ~~3.404591% Totals~~ 7.~~457627~~667732% 95.~~830508~~111821% ~~3.728814%~~ 0.~~000000~~638978% 21.~~016949~~725240% 87.~~346485~~219959% 114.~~444850~~687613% 3.~~622674~~541439% 0.~~000000~~380195% 2315.~~414009~~829205%

~~OTHER~~DELINQUENT ~~INFORMATION~~BANKRUPTCY ~~Current~~FORECLOSURE ~~Period~~REO ~~Class~~Total AGroup ~~Insufficient~~2 ~~Funds~~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 26 0 0 26 2,227,742.64 0.00 ~~Principal~~0.00 ~~Balance~~2,227,742.64 of30 ~~Contaminated~~Days ~~Properties~~46 2 3 0 51 5,523,165.86 120,869.69 233,234.78 0.00 ~~Periodic~~5,877,270.33 ~~Advance~~60 ~~490~~Days 23 0 1 0 24 3,~~129~~941,224.5170 0.00 30,453.97 0.00 3,971,678.67 90 Days 12 2 4 0 18 1,362,353.10 327,821.88 508,626.98 0.00 2,198,801.96 120 Days 1 2 12 0 15 175,081.78 81,386.35 2,481,384.37 0.00 2,737,852.50 150 Days 0 2 8 0 10 0.00 179,478.58 2,141,640.52 0.00 2,321,119.10 180 Days 4 18 31 14 67 785,387.81 2,266,795.46 3,200,946.62 2,697,688.64 8,950,818.53 Totals 86 52 59 14 211 11,787,213.25 5,204,094.60 8,596,287.24 2,697,688.64 28,285,283.73 0-29 Days 3.504043% 0.000000% 0.000000% 3.504043% 2.428788% 0.000000% 0.000000% 2.428788% 30 Days 6.199461% 0.269542% 0.404313% 0.000000% 6.873315% 6.021610% 0.131778% 0.254283% 0.000000% 6.407671% 60 Days 3.099730% 0.000000% 0.134771% 0.000000% 3.234501% 4.296905% 0.000000% 0.033202% 0.000000% 4.330107% 90 Days 1.617251% 0.269542% 0.539084% 0.000000% 2.425876% 1.485300% 0.357407% 0.554529% 0.000000% 2.397235% 120 Days 0.134771% 0.269542% 1.617251% 0.000000% 2.021563% 0.190882% 0.088731% 2.705319% 0.000000% 2.984933% 150 Days 0.000000% 0.269542% 1.078167% 0.000000% 1.347709% 0.000000% 0.195676% 2.334915% 0.000000% 2.530591% 180 Days 0.539084% 2.425876% 4.177898% 1.886792% 9.029650% 0.856266% 2.471365% 3.489819% 2.941144% 9.758594% Totals 11.590296% 7.008086% 7.951482% 1.886792% 28.436658% 12.850963% 5.673744% 9.372068% 2.941144% 30.837918%

~~COLLATERAL~~DELINQUENT ~~STATEMENT~~BANKRUPTCY ~~Collateral~~FORECLOSURE ~~Description~~REO ~~Fixed~~Total &Group ~~Mixed~~3 ~~ARM~~No ~~Weighted~~of ~~Average~~Loans ~~Gross~~No ~~Coupon~~of ~~7.755679%~~Loans ~~Weighted~~No ~~Average~~of ~~Net~~Loans ~~Coupon~~No ~~7.304279%~~of ~~Weighted~~Loans ~~Average~~No ~~Pass-Through~~of ~~Rate~~Loans ~~7.294279%~~Principal ~~Weighted~~Balance ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation~~Principal )Balance ~~295~~Principal ~~Beginning~~Balance ~~Scheduled~~Principal ~~Collateral~~Balance ~~Loan~~0-29 ~~Count~~Days 68 0 0 68 4,~~026~~829,737.66 ~~Number~~0.00 Of0.00 ~~Loans~~4,829,737.66 ~~Paid~~30 InDays ~~Full~~84 984 ~~Ending~~1 ~~Scheduled~~0 ~~Collateral~~89 ~~Loan~~5,488,838.89 ~~Count~~183,050.08 382,~~928~~940.59 ~~Beginning~~0.00 ~~Scheduled~~5,754,829.56 ~~Collateral~~60 ~~Balance~~Days ~~398~~32 5 5 0 42 2,~~578~~382,~~942~~051.1898 ~~Ending~~263,229.98 ~~Scheduled~~1,194,036.41 ~~Collateral~~0.00 ~~Balance 387~~3,~~846~~839,~~877~~318.2837 ~~Ending~~90 ~~Actual~~Days ~~Collateral~~14 ~~Balance~~2 at6 ~~29-Feb-2004~~0 ~~388~~22 831,~~764~~952.60 99,~~054~~112.8018 ~~Monthly~~636,151.16 P0.00 &I1,567,215.94 ~~Constant~~120 Days 7 3 8 0 18 574,~~191~~836.59 67,~~130~~351.6367 ~~Special~~1,136,970.49 ~~Servicing~~0.00 ~~Fee~~1,779,158.75 150 Days 2 6 11 0 19 101,333.0039 ~~Prepayment~~213,233.28 ~~Penalties~~477,916.74 0.00 ~~Realized~~792,483.41 ~~Loss~~180 ~~Amount~~Days 589 22 33 13 77 397,~~145~~139.0336 ~~Cumulative~~1,205,116.53 ~~Realized~~2,862,793.61 ~~Loss~~808,113.55 ~~241~~5,~~775~~273,163.7905 ~~Ending~~Totals ~~Scheduled~~148 ~~Balance~~110 ~~for~~64 ~~Premium~~13 ~~Loans~~335 ~~387~~9,~~846~~776,~~877~~152.2881 ~~Scheduled~~6,860,831.38 ~~Principal~~6,390,809.00 ~~615~~808,~~088~~113.6855 ~~Unscheduled Principal 10~~23,~~116~~835,~~976~~906.2274 ~~Required~~0-29 ~~Overcollateralization~~Days ~~Amount~~3.501545% 0.00000000% ~~Overcollateralized~~0.000000% ~~Increase~~3.501545% ~~Amount~~2.939986% ~~58,145~~0.03000000% ~~Overcollateralized~~0.000000% ~~reduction~~2.939986% ~~Amount~~30 Days 4.325438% 0.00205973% ~~Specified~~0.051493% ~~O/C~~0.000000% ~~Amount~~4.582904% ~~9,306,154~~3.25341198% ~~Overcollateralized~~0.111427% ~~Amount~~0.050488% ~~9,306,154~~0.25000000% ~~Overcollateralized~~3.503113% ~~Deficiency~~60 ~~Amount~~Days 1.647786% 0.00257467% ~~Base~~0.257467% ~~Overcollateralized~~0.000000% ~~Amount~~2.162719% 1.450017% 0.00160235% ~~Extra~~0.726841% ~~principal~~0.000000% ~~distribution~~2.337092% ~~Amount~~90 ~~58,145~~Days 0.03720906% ~~Excess~~0.102987% ~~Cash~~0.308960% ~~Amount~~0.000000% 1~~,626,118~~.93132853% 0.506431% 0.060332% 0.387242% 0.000000% 0.954005% 120 Days 0.360453% 0.154480% 0.411946% 0.000000% 0.926880% 0.349918% 0.040999% 0.692103% 0.000000% 1.083020% 150 Days 0.102987% 0.308960% 0.566426% 0.000000% 0.978373% 0.061684% 0.129801% 0.290920% 0.000000% 0.482405% 180 Days 0.463440% 1.132853% 1.699279% 0.669413% 3.964985% 0.241749% 0.733586% 1.742656% 0.491920% 3.209911% Totals 7.621009% 5.664264% 3.295572% 0.669413% 17.250257% 5.950997% 4.176365% 3.890251% 0.491920% 14.509532%

~~Group~~DELINQUENT ~~Level~~BANKRUPTCY ~~Collateral~~FORECLOSURE ~~Statement~~REO ~~Group~~Total Group 14 ~~Group~~No 2of ~~Group~~Loans 3No ~~Collateral~~of ~~Description~~Loans ~~Mixed~~No ~~Fixed~~of ~~Mixed~~Loans ~~ARM~~No ~~Mixed~~of ~~Fixed~~Loans ~~Weighted~~No ~~Average~~of ~~Coupon~~Loans ~~Rate~~Principal ~~6.920199~~Balance ~~7.087421~~Principal ~~8.240189~~Balance ~~Weighted~~Principal ~~Average~~Balance ~~Net~~Principal ~~Rate~~Balance ~~6.529858~~Principal ~~6.631906~~Balance ~~7.779360~~0-29 ~~Weighted~~Days ~~Average~~22 ~~Maturity~~0 ~~310~~0 ~~314~~22 ~~282~~1,218,425.21 ~~Beginning~~0.00 ~~Loan~~0.00 ~~Count~~1,218,425.21 ~~376~~30 ~~916~~Days 15 2~~,435~~ ~~Loans~~0 ~~Paid~~1 In18 ~~Full~~725,658.11 972,000.34 190.00 6616,540.79 ~~Ending~~814,199.24 ~~Loan~~60 ~~Count~~Days ~~367~~6 ~~897~~ 2~~,369~~ ~~Beginning~~1 ~~Scheduled~~0 ~~Balance~~9 52245,~~378~~201.95 103,~~208~~535.5449 ~~119~~19,~~438,432~~381.3023 ~~212~~0.00 368,~~244,237~~118.9167 ~~Ending~~90 ~~scheduled~~Days ~~Balance~~4 511 0 0 5 138,~~017,626~~342.4909 ~~116~~20,~~811,981~~378.1632 ~~205,652,179~~0.7700 ~~Record~~0.00 ~~Date~~158,720.41 ~~02/29/2004~~120 ~~02/29/2004~~Days ~~02/29/2004~~2 ~~Principal~~0 ~~And~~2 ~~Interest~~0 ~~Constant~~4 ~~378~~72,~~820~~535.8190 ~~865~~0.00 169,~~790~~703.4165 10.00 242,~~810,811~~239.6755 ~~Scheduled~~150 ~~Principal~~Days 761 0 1 0 2 28,~~764~~409.4402 ~~160~~0.00 55,~~365~~861.0659 ~~353~~0.00 84,~~367~~270.8961 ~~Unscheduled~~180 ~~Principal~~Days 1 4 8 3 16 80,~~283~~481.03 269,~~817~~634.6125 2366,~~466~~285.99 154,~~086~~847.0860 6871,~~238,690~~248.2587 ~~Scheduled~~Totals ~~Interest~~29 ~~302,056.37~~31 ~~705~~12 4 76 1,~~425~~290,628.3510 1,~~457~~683,~~443~~973.7861 ~~Servicing Fees 17~~611,~~037~~232.8246 45171,~~338~~388.2639 813,~~506~~757,222.9056 ~~Master~~0-29 ~~Servicing~~Days ~~Fees~~8.429119% ~~436~~0.52000000% ~~995~~0.33000000% ~~1,768~~8.65429119% ~~Trustee~~9.671762% ~~Fee~~ 0.00000000% 0.00000000% 09.00671762% ~~FRY~~30 ~~Amount~~Days 5.747126% 0.00766284% 0.00000000% 0.00383142% ~~Special~~6.896552% ~~Hazard~~5.760216% ~~Fee~~ 0.00571533% 0.00000000% 0.00131299% ~~Other~~6.463049% ~~Fee~~60 Days 2.298851% 0.00766284% 0.00383142% 0.00000000% ~~Pool~~3.448276% ~~Insurance~~1.946394% ~~Fee~~ 0.00821856% 0.00153847% 0.00000000% ~~Spread~~2.922097% ~~Fee~~90 Days 1.532567% 0.00383142% 0.00000000% 0.00000000% ~~Spread~~1.915709% ~~Fee~~1.098148% 2 0.00161761% 0.00000000% 0.00000000% ~~Spread~~1.259910% ~~Fee~~120 3Days 0.00766284% 0.00000000% 0.00766284% ~~Net~~0.000000% ~~Interest~~1.532567% ~~284,582~~0.03575784% ~~659,091~~0.76000000% 1~~,374,168~~.23347094% ~~Realized~~0.000000% ~~Loss~~1.922878% ~~Amount~~150 Days 0.00383142% 0.00000000% ~~58,145~~0.03383142% ~~Cumulative~~0.000000% ~~Realized~~0.766284% ~~Loss~~0.225509% ~~57,472~~0.73000000% 0.00443425% ~~184,303~~0.06000000% ~~Percentage~~0.668933% of180 ~~Cumulative~~Days ~~Losses~~ 0.~~0818~~383142% 01.~~0000~~532567% 03.~~0685~~065134% ~~Prepayment~~1.149425% ~~Penalties~~6.130268% 0.00638852% 02.00140335% 02.00907549% ~~Special~~1.229168% ~~Servicing~~6.915904% ~~Fee~~Totals 011.00111111% 011.00877395% 04.00597701% ~~Pass-Through~~1.532567% ~~Rate~~29.118774% 610.~~519858~~244903% 613.~~621907~~367248% 74.~~769360~~851914% 1.360467% 29.824533%

~~Group~~OTHER ~~Level~~INFORMATION ~~Collateral~~Current ~~Statement~~Period ~~Group~~Class ~~Group~~A 4Insufficient ~~Total~~Funds Collateral Description Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.184403 7.755679 Weighted Average Net Rate 8.684403 7.304279 Weighted Average Maturity 257 295 Beginning Loan Count 299 4,026 Loans Paid In Full 4 98 Ending Loan Count 295 3,928 Beginning Scheduled Balance 14,518,063.43 398,578,942.18 Ending scheduled Balance 14,365,089.86 387,846,877.28 Record Date 02/29/2004 02/29/2004 Principal And Interest Constant 135,707.74 3,191,130.63 Scheduled Principal 24,591.29 615,088.68 Unscheduled Principal 128,382.28 10,116,976.22 Scheduled Interest 111,116.45 2,576,041.95 Servicing Fees 6,049.19 149,932.17 Master Servicing Fees 120.98 3,321.48 Trustee Fee 0.00 ~~0.00~~Principal ~~FRY~~Balance ~~Amount~~of ~~0.00~~Contaminated ~~0.00~~Properties ~~Special Hazard Fee~~ 0.00 ~~0.00~~Periodic ~~Other~~Advance ~~Fee 0.00 0.00 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 104~~428,~~946~~757.28 2,422,788.30 Realized Loss Amount 0.00 58,145.03 Cumulative Realized Loss 0.00 241,775.79 Percentage of Cumulative Losses 0.0000 0.0468 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 8.674403 7.29427991

Filing Compare · BEAR STEARNS ASSET BACKED CERTIFICATES SERIES 2003-2