8-K 1 bsa03003_nov.txt NOVEMBER 8K 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): November 26, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-10 54-2126362 Pooling and Servicing Agreement) (Commission 54-2126363 (State or other File Number) 54-2126364 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 November 26, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2003-3 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 2003-3 Trust, relating to the November 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-3 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: 11/27/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2003-3 Trust, relating to the November 26, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 BSA Series: 2003-3 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 A-1 07384YLR5 SEN 12.~~81500~~13250% ~~111~~97,~~941~~732,~~614~~833.4720 ~~186~~185,~~242~~258.8601 7,~~941~~190,~~978~~712.3938 A-IO 07384YLT1 SEN 5.00000% 0.00 114,770.83 0.00 A-2 07384YLS3 SEN 2.~~20500~~52250% 43,840,000.00 8898,~~611~~299.6002 0.00 M-1 07384YLU8 MEZ 2.~~43500~~75250% 16,527,000.00 3640,~~889~~436.6406 0.00 M-2 07384YLV6 MEZ 3.~~61500~~93250% 15,150,000.00 5052,~~203~~957.3166 0.00 B 07384YLW4 SUB 5.~~11500~~43250% 9,641,000.00 4546,~~204~~555.2432 0.00 B-IO 07384YMZ6 SUB 0.00000% 0.00 ~~945~~820,~~101~~328.7031 0.00 R-1 07384YLX2 RES 0.00000% 0.00 0.00 0.00 R-2 07384YLY0 RES 0.00000% 0.00 0.00 0.00 R-3 07384YLZ7 RES 0.00000% 0.00 0.00 0.00 OC BSA0303OC OC 0.00000% 8,539,085.13 0.00 0.00 Totals ~~205~~191,~~638~~429,~~699~~918.6033 1,~~467~~358,~~024~~605.1821 7,~~941~~190,~~978~~712.3938

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~103~~90,~~999~~542,~~636~~120.0882 87,~~128~~375,~~221~~970.2539 0.00 A-IO 0.00 0.00 114,770.83 0.00 A-2 0.00 43,840,000.00 8898,~~611~~299.6002 0.00 M-1 0.00 16,527,000.00 3640,~~889~~436.6406 0.00 M-2 0.00 15,150,000.00 5052,~~203~~957.3166 0.00 B 0.00 9,641,000.00 4546,~~204~~555.2432 0.00 B-IO 0.00 0.00 ~~945~~820,~~101~~328.7031 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 8,539,085.13 0.00 0.00 Totals 0.00 ~~197~~184,~~696~~239,~~721~~205.2195 98,~~409~~549,~~002~~317.5759 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-1 190,296,000.00 ~~111~~97,~~941~~732,~~614~~833.4720 0.00 7,~~941~~190,~~978~~712.3938 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-2 43,840,000.00 43,840,000.00 0.00 0.00 0.00 0.00 M-1 16,527,000.00 16,527,000.00 0.00 0.00 0.00 0.00 M-2 15,150,000.00 15,150,000.00 0.00 0.00 0.00 0.00 B 9,641,000.00 9,641,000.00 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 359.01 8,539,085.13 0.00 0.00 0.00 0.00 Totals 275,454,509.01 ~~205~~191,~~638~~429,~~699~~918.6033 0.00 7,~~941~~190,~~978~~712.3938 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 7,~~941~~190,~~978~~712.3938 ~~103~~90,~~999~~542,~~636~~120.0882 0.~~54651509~~47579624 7,~~941~~190,~~978~~712.3938 A-IO 0.00 0.00 0.00000000 0.00 A-2 0.00 43,840,000.00 1.00000000 0.00 M-1 0.00 16,527,000.00 1.00000000 0.00 M-2 0.00 15,150,000.00 1.00000000 0.00 B 0.00 9,641,000.00 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 8,539,085.13 23,785.08991393 0.00 Totals 7,~~941~~190,~~978~~712.3938 ~~197~~184,~~696~~239,~~721~~205.2195 0.~~71771096~~66885529 7,~~941~~190,~~978~~712.3938

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 190,296,000.00 ~~588~~513.~~24996043~~58322403 0.00000000 4137.~~73486773~~78698648 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 43,840,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 16,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,641,000.00 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 359.01 23785089.91393000 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 4137.~~73486773~~78698648 ~~546~~475.~~51509270~~79623755 0.~~54651509~~47579624 4137.~~73486773~~78698648 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 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.~~0000000023~~00000000 23,785,089.91393000 23785.08991393 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-1 190,296,000.00 12.~~81500~~13250% ~~111~~97,~~941~~732,~~614~~833.4720 ~~186~~185,~~242~~258.8601 0.00 0.00 A-IO 0.00 5.00000% 27,545,000.00 114,770.83 0.00 0.00 A-2 43,840,000.00 2.~~20500~~52250% 43,840,000.00 8898,~~611~~299.6002 0.00 0.00 M-1 16,527,000.00 2.~~43500~~75250% 16,527,000.00 3640,~~889~~436.6406 0.00 0.00 M-2 15,150,000.00 3.~~61500~~93250% 15,150,000.00 5052,~~203~~957.3167 0.00 0.00 B 9,641,000.00 5.~~11500~~43250% 9,641,000.00 4546,~~204~~555.2432 0.00 0.00 B-IO 0.00 0.00000% ~~205~~191,~~638~~429,~~699~~918.6033 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 359.01 0.00000% 8,539,085.13 0.00 0.00 0.00 Totals 275,454,509.01 ~~521~~538,~~922~~276.4891 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 ~~186~~185,~~242~~258.8601 0.00 ~~103~~90,~~999~~542,~~636~~120.0882 A-IO 0.00 0.00 114,770.83 0.00 27,545,000.00 A-2 0.00 0.00 8898,~~611~~299.6002 0.00 43,840,000.00 M-1 0.00 0.00 3640,~~889~~436.6406 0.00 16,527,000.00 M-2 0.00 0.00 5052,~~203~~957.3166 0.00 15,150,000.00 B 0.00 0.00 4546,~~204~~555.2432 0.00 9,641,000.00 B-IO 0.00 0.00 ~~945~~820,~~101~~328.7031 0.00 ~~197~~184,~~696~~239,~~721~~205.2195 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 8,539,085.13 Totals 0.00 0.00 1,~~467~~358,~~024~~605.1821 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-1 190,296,000.00 12.~~81500~~13250% ~~588~~513.~~24996043~~58322403 0.~~97870087~~97352551 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666655 0.00000000 0.00000000 A-2 43,840,000.00 2.~~20500~~52250% 1000.00000000 2.~~02125000~~24222217 0.00000000 0.00000000 M-1 16,527,000.00 2.~~43500~~75250% 1000.00000000 2.~~23208326~~44666667 0.00000000 0.00000000 M-2 15,150,000.00 3.~~61500~~93250% 1000.00000000 3.~~31374983~~49555578 0.00000000 0.00000000 B 9,641,000.00 5.~~11500~~43250% 1000.00000000 4.~~68875013~~82888912 0.00000000 0.00000000 B-IO 0.00 0.00000% ~~746~~694.~~54363917~~96056994 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 359.01 0.00000% 23785089.91393000 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.~~97870087~~97352551 0.00000000 ~~546~~475.~~51509270~~79623755 A-IO 0.00000000 0.00000000 4.16666655 0.00000000 1000.00000000 A-2 0.00000000 0.00000000 2.~~02125000~~24222217 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~23208326~~44666667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~31374983~~49555512 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~68875013~~82888912 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 32.~~43106460~~97809159 0.00000000 ~~717~~668.~~71135487~~85565584 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 23785089.91393000 (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 98,~~505~~633,~~649~~677.1820 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~299~~302,~~642~~669.6835 Realized Loss (Gains, Subsequent Expenses & Recoveries) (1316,~~304~~874.7052) Prepayment Penalties 0.00 Total Deposits 98,~~791~~919,~~987~~472.1603 Withdrawals Reimbursement for Servicer Advances ~~295~~288,~~588~~796.1471 Payment of Service Fee 8781,~~396~~357.4573 Payment of Interest and Principal 98,~~409~~549,~~002~~317.5759 Total Withdrawals (Pool Distribution Amount) 98,~~791~~919,~~987~~472.1603 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8579,~~682~~762.7747 Master Servicing Fee 1,~~713~~595.6826 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8781,~~396~~357.4573

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 ~~122~~120 0 0 ~~122~~120 6,~~250~~258,~~368~~600.1310 0.00 0.00 6,~~250~~258,~~368~~600.1310 30 Days ~~164~~171 1510 24 0 ~~181~~185 9,~~996~~401,~~299~~199.3921 1414,~~002,724~~332.7667 52346,~~598~~945.7413 0.00 1110,~~051~~162,~~622~~477.8901 60 Days 7160 138 03 0 8471 43,~~207~~737,~~684~~701.3391 ~~557~~380,~~250~~830.7165 0153,428.0075 0.00 4,~~764~~271,~~935~~961.0431 90 Days 2631 315 1315 0 4261 21,~~162~~971,~~597~~742.6806 681,~~420~~005,810.6833 1,~~765~~303,~~491~~712.8716 0.00 34,~~996~~281,~~510~~264.2355 120 Days 149 6 1121 0 3136 ~~672~~362,~~185~~258.0711 ~~347~~241,~~719~~168.2652 12,~~419~~105,~~295~~722.9625 0.00 2,~~439~~709,~~200~~148.2988 150 Days 75 6 147 02 2720 ~~454~~678,~~351~~877.7732 ~~744~~941,~~400~~286.8039 1676,~~121,899~~965.1561 0246,090.0030 2,~~320~~543,~~651~~219.7262 180+ Days 4227 3440 3852 514 ~~119~~133 31,~~376~~472,~~542~~000.0291 12,~~949~~588,~~657~~990.4768 24,~~748~~333,~~579~~206.1394 ~~547~~1,~~549~~138,641.9112 89,~~622~~532,~~328~~839.5365 Totals ~~324~~303 ~~199~~205 78102 516 ~~606~~626 2017,~~869~~623,~~660~~779.2652 1011,~~920~~831,~~541~~019.8134 78,~~107~~919,~~864~~980.8584 ~~547~~1,~~549~~384,731.9142 39,~~445~~759,~~616~~511.8312 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 34.~~921569~~071938% 0.000000% 0.000000% 34.~~921569~~071938% 3.~~153696~~387569% 0.000000% 0.000000% 3.~~153696~~387569% 30 Days 5.~~271617~~802511% 0.~~482160~~339328% 0.~~064288~~135731% 0.000000% 56.~~818065~~277570% 5.~~043749~~088552% 0.~~505936~~224264% 0.~~026539~~187790% 0.000000% 5.~~576225~~500606% 60 Days 2.~~282224~~035969% 0.~~417872~~271463% 0.~~000000~~101798% 0.000000% 2.~~700096~~409230% 2.~~123036~~023092% 0.~~281167~~206131% 0.~~000000~~083046% 0.000000% 2.~~404203~~312269% 90 Days 01.~~835744~~051917% 0.~~096432~~508992% 0.~~417872~~508992% 0.000000% 12.~~350048~~069902% 1.~~091164~~067237% 0.~~034522~~544411% 0.~~890799~~705655% 0.000000% 2.~~016486~~317304% 120 Days 0.~~450016~~305395% 0.~~192864~~203597% 0.~~353584~~712589% 0.000000% 01.~~996464~~221581% 0.~~339159~~196078% 0.~~175446~~130536% 01.~~716122~~139756% 0.000000% 1.~~230727~~466371% 150 Days 0.~~225008~~169664% 0.~~192864~~203597% 0.~~450016~~237530% 0.~~000000~~067866% 0.~~867888~~678656% 0.~~229248~~367453% 0.~~375596~~509487% 0.~~566067~~366419% 0.~~000000~~133200% 1.~~170912~~376559% 180+ Days 10.~~350048~~916186% 1.~~092896~~357313% 1.~~221472~~764506% 0.~~160720~~475059% 34.~~825137~~513064% 10.~~703674~~796744% 01.~~983722~~401333% 12.~~386828~~345419% 0.~~276273~~616308% 45.~~350496~~159805% Totals 10.~~414658~~281642% 6.~~396657~~956227% 23.~~507232~~461147% 0.~~160720~~542925% 1921.~~479267~~241941% 109.~~530030~~539157% 56.~~510086~~403732% 34.~~586356~~828085% 0.~~276273~~749508% 1921.~~902744~~520482%

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 5249 0 0 5249 2,~~171~~029,~~958~~127.2510 0.00 0.00 2,~~171~~029,~~958~~127.2510 30 Days 6070 86 12 0 6978 2,~~711~~639,~~821~~391.3488 ~~443~~238,~~904~~551.0407 1934,~~153~~796.6898 0.00 32,~~174~~912,~~879~~739.0693 60 Days 3222 93 01 0 4126 1,~~673~~383,~~043~~074.7914 ~~344~~106,~~162~~002.0615 025,172.0078 0.00 21,~~017~~514,~~205~~249.8507 90 Days 912 28 46 0 1526 ~~765~~723,~~873~~524.5494 13372,~~029~~567.7825 90369,~~880~~906.2568 0.00 ~~869~~1,~~783~~465,998.5787 120 Days 6 26 34 0 1116 ~~238~~202,~~790~~700.5533 73241,~~817~~168.0452 ~~337~~76,~~547~~698.1553 0.00 ~~650~~520,~~154~~567.7438 150 Days 23 24 74 02 1113 49370,~~010~~754.4055 96416,~~367~~581.7245 ~~451~~336,~~351~~238.9662 0246,090.0030 ~~596~~1,~~730~~369,664.0892 180 Days 1915 1618 1315 45 5253 1620,~~103,469~~918.5138 ~~740~~897,~~395~~023.6832 ~~680~~1,~~882~~076,337.2689 ~~501~~327,~~323~~848.4978 32,~~026~~922,~~070~~128.9437 Totals 128 9194 2832 47 ~~251~~261 65,~~542~~940,~~009~~364.1322 34,~~883~~301,~~634~~020.5786 1,~~579~~919,~~815~~151.3048 ~~501~~573,~~323~~939.4908 12,~~506~~734,~~782~~475.4964 0-29 Days 3.~~616134~~667665% 0.000000% 0.000000% 3.~~616134~~667665% 2.~~597223~~649698% 0.000000% 0.000000% 2.~~597223~~649698% 30 Days 45.~~172462~~239521% 0.~~556328~~449102% 0.~~069541~~149701% 0.000000% 45.~~798331~~838323% 3.~~242791~~446602% 0.~~530820~~311508% 0.~~022904~~045439% 0.000000% 3.~~796514~~803548% 60 Days 21.~~225313~~646707% 0.~~625869~~224551% 0.~~000000~~074850% 0.000000% 21.~~851182~~946108% 21.~~000622~~806062% 0.~~411548~~138421% 0.~~000000~~032871% 0.000000% 21.~~412171~~977354% 90 Days 0.~~625869~~898204% 0.~~139082~~598802% 0.~~278164~~449102% 0.000000% 1.~~043115~~946108% 0.~~915830~~944802% 0.~~015581~~486510% 0.~~108674~~483036% 0.000000% 1.~~040085~~914348% 120 Days 0.~~417246~~449102% 0.~~139082~~449102% 0.~~208623~~299401% 0.000000% 01.~~764951~~197605% 0.~~285545~~264693% 0.~~088270~~314925% 0.~~403638~~100155% 0.000000% 0.~~777454~~679773% 150 Days 0.~~139082~~224551% 0.~~139082~~299401% 0.~~486787~~299401% 0.~~000000~~149701% 0.~~764951~~973054% 0.~~058607~~484143% 0.~~115236~~543985% 0.~~539726~~439071% 0.~~000000~~321353% 01.~~713569~~788552% 180 Days 1.~~321280~~122754% 1.~~112656~~347305% 1.122754% 0.~~904033~~374251% 3.967066% 0.~~278164~~810815% 1.171361% 1.405516% 0.428115% 3.~~616134~~815808% Totals 9.580838% 7.035928% 2.395210% 0.523952% 19.535928% 7.757116% 5.616409% 2.506089% 0.749468% 16.629082% 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 71 0 0 71 4,229,473.00 0.00 0.00 4,229,473.00 30 Days 101 4 2 0 107 6,761,807.33 175,781.60 312,148.15 0.00 7,249,737.08 60 Days 38 5 2 0 45 2,354,627.77 274,828.50 128,255.97 0.00 2,757,712.24 90 Days 19 7 9 0 35 1,248,217.~~319527~~12 633,243.08 933,805.48 0.00 2,815,265.68 120 Days 3 0 17 0 20 159,557.78 0.00 2,029,023.72 0.00 2,188,581.50 150 Days 2 2 3 0 7 308,122.77 524,704.94 340,726.99 0.00 1,173,554.70 180 Days 12 22 37 9 80 851,082.53 1,691,967.36 3,256,869.05 810,792.34 6,610,711.28 Totals 175 111 70 9 365 11,683,415.30 7,529,998.48 7,000,829.36 810,792.34 27,025,035.48 0-29 Days 4.407200% 0.~~885364~~000000% 0.~~814198~~000000% 4.407200% 3.909937% 0.~~599482~~000000% 0.000000% 3.~~618570~~909937% ~~Totals~~30 8Days 6.~~901252~~269398% 0.248293% 0.124146% 0.000000% 6.~~328234~~641837% 6.250954% 0.162501% 0.288565% 0.000000% 6.702021% 60 Days 2.358783% 0.310366% 0.124146% 0.000000% 2.793296% 2.176736% 0.254065% 0.118566% 0.000000% 2.549368% 90 Days 1.~~947149~~179392% 0.~~278164~~434513% 170.~~454798~~558659% 70.~~822922~~000000% 2.172564% 1.153915% 0.585402% 0.863257% 0.000000% 2.602573% 120 Days 0.186220% 0.000000% 1.055245% 0.000000% 1.241465% 0.147503% 0.000000% 1.875731% 0.000000% 2.023235% 150 Days 0.124146% 0.124146% 0.186220% 0.000000% 0.434513% 0.284844% 0.485064% 0.314985% 0.000000% 1.084893% 180 Days 0.744879% 1.365611% 2.296710% 0.558659% 4.~~644043~~965860% 0.786783% 1.~~889140~~564140% 3.010813% 0.~~599482~~749537% 146.~~955586~~111273% Totals 10.862818% 6.890130% 4.345127% 0.558659% 22.656735% 10.800736% 6.961109% 6.471918% 0.749537% 24.983299%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Class ~~Group~~A 2Insufficient NoFunds ~~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 70 0 0 70 4,078,409~~.~~88 0.~~00 ~~0.00~~Principal ~~4,078,409.88~~Balance 30of ~~Days~~Contaminated ~~104~~Properties ~~7 1~~ 0 ~~112 7,284,478~~.~~05 558,820.72 33,445.06 0.~~00 ~~7,876,743.83~~Periodic 60Advance ~~Days 39 4 0 0 43 2~~302,~~534,640~~669.54 213,088.65 0.00 0.00 2,747,729.19 90 Days 17 1 9 0 27 1,396,724.14 55,390.90 1,674,611.62 0.00 3,126,726.66 120 Days 8 4 8 0 20 433,394.52 273,902.22 1,081,748.81 0.00 1,789,045.55 150 Days 5 4 7 0 16 405,341.37 648,033.08 670,547.19 0.00 1,723,921.64 180 Days 23 18 25 1 67 2,273,072.51 1,209,261.79 2,067,696.87 46,226.42 5,596,257.59 Totals 196 108 50 1 355 14,327,651.13 7,036,907.24 5,528,049.55 46,226.42 26,938,834.34 0-29 Days 4.184100% 0.000000% 0.000000% 4.184100% 3.559888% 0.000000% 0.000000% 3.559888% 30 Days 6.216378% 0.418410% 0.059773% 0.000000% 6.694561% 6.358342% 0.487773% 0.029193% 0.000000% 6.875308% 60 Days 2.331142% 0.239091% 0.000000% 0.000000% 2.570233% 2.212391% 0.185997% 0.000000% 0.000000% 2.398388% 90 Days 1.016139% 0.059773% 0.537956% 0.000000% 1.613867% 1.219147% 0.048349% 1.461704% 0.000000% 2.729200% 120 Days 0.478183% 0.239091% 0.478183% 0.000000% 1.195457% 0.378293% 0.239079% 0.944217% 0.000000% 1.561589% 150 Days 0.298864% 0.239091% 0.418410% 0.000000% 0.956366% 0.353807% 0.565643% 0.585295% 0.000000% 1.504745% 180 Days 1.374776% 1.075912% 1.494322% 0.059773% 4.004782% 1.984078% 1.055518% 1.804813% 0.040349% 4.884759% Totals 11.715481% 6.455469% 2.988643% 0.059773% 21.219366% 12.506058% 6.142247% 4.825223% 0.040349% 23.513877%35

~~OTHER~~COLLATERAL ~~INFORMATION~~STATEMENT ~~Current~~Collateral ~~Period~~Description ~~Class~~Fixed A& ~~Insufficient~~Mixed ~~Funds~~ARM Weighted Average Gross Coupon 9.132350% Weighted Average Net Coupon 8.632350% Weighted Average Pass-Through Rate 8.622350% Weighted Average Maturity(Stepdown Calculation ) 266 Beginning Scheduled Collateral Loan Count 3,028 Number Of Loans Paid In Full 81 Ending Scheduled Collateral Loan Count 2,947 Beginning Scheduled Collateral Balance 191,429,918.33 Ending Scheduled Collateral Balance 184,239,205.95 Ending Actual Collateral Balance at 31-Oct-2004 184,751,950.35 Monthly P &I Constant 1,758,586.02 Special Servicing Fee 0.00 ~~Principal~~Prepayment Penalties 0.00 Realized Loss Amount 16,874.52 Cumulative Realized Loss 673,690.08 Ending Scheduled Balance offor ~~Contaminated~~Premium ~~Properties~~Loans 184,239,205.95 Scheduled Principal 301,748.56 Unscheduled Principal 6,888,963.82 Required Overcollateralization Amount 8,539,085.13 Overcollateralized Increase Amount 0.00 ~~Periodic~~Overcollateralized ~~Advance~~reduction ~~299~~Amount 2,~~642~~858.6844 Specified O/C Amount 8,539,085.13 Overcollateralized Amount 8,539,085.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 837,202.82

~~COLLATERAL~~Miscellaneous ~~STATEMENT~~Reporting ~~Collateral~~Three ~~Description~~Month ~~Fixed~~Rolling ~~& Mixed ARM Weighted Average Gross Coupon 9.148426% Weighted Average Net Coupon~~ 8.~~648426~~856463% ~~Weighted~~Trigger ~~Average~~Event ~~Pass-Through~~NO ~~Rate~~Yield ~~8.638426%~~Maintenance Weighted Average Maturity(Stepdown Calculation ) 268 Beginning Scheduled Collateral Loan Count 3,212 Number Of Loans Paid In Full 101 Ending Scheduled Collateral Loan Count 3,111 Beginning Scheduled Collateral Balance 205,638,699.60 Ending Scheduled Collateral Balance 197,696,721.21 Ending Actual Collateral Balance at 31-Aug-2004 198,191,847.80 Monthly P &I Constant 1,880,212.91 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 13,304.70 Cumulative Realized Loss 545,995.31 Ending Scheduled Balance for Premium Loans 197,696,721.21 Scheduled Principal 312,487.57 Unscheduled Principal 7,629,490.82 Required Overcollateralization Amount 8,539,085.13 Overcollateralized Increase Amount 13,304.70 Overcollateralized reduction Amount 0.00 Specified O/C Amount 8,539,085.13 Overcollateralized Amount 8,539,085.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 13,304.70 Excess Cash Amount 958,406.39

~~Miscellaneous~~Group ~~Reporting~~Level ~~Three~~Collateral ~~Month~~Statement ~~Rolling~~Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.262370 9.039609 9.132350 Weighted Average Net Rate 8.762370 8.539609 8.632350 Weighted Average Maturity 246 281 266 Beginning Loan Count 1,387 1,641 3,028 Loans Paid In Full 51 30 81 Ending Loan Count 1,336 1,611 2,947 Beginning Scheduled Balance 79,696,631.42 111,733,286.91 191,429,918.33 Ending scheduled Balance 76,329,503.95 107,909,702.00 184,239,205.95 Record Date 10/31/2004 10/31/2004 10/31/2004 Principal And Interest Constant 775,470.~~762511%~~59 ~~Trigger~~983,115.43 ~~Event~~1,758,586.02 NOScheduled ~~Yield~~Principal ~~Maintenance~~160,320.86 141,427.70 301,748.56 Unscheduled Principal 3,206,806.61 3,682,157.21 6,888,963.82 Scheduled Interest 615,149.73 841,687.73 1,456,837.46 Servicing Fees 33,206.93 46,555.54 79,762.47 Master Servicing Fees 664.14 931.12 1,595.26 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 581,278.66 794,201.07 1,375,479.73 Realized Loss Amount 5,903.49 10,971.03 16,874.52 Cumulative Realized Loss 582,750.83 90,939.25 673,690.08 Percentage of Cumulative Losses 0.4951 0.0576 0.2446 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.752370 8.529609 8.622350

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.317559 9.024135 9.148426 Weighted Average Net Rate 8.817559 8.524135 8.648426 Weighted Average Maturity 248 283 268 Beginning Loan Count 1,495 1,717 3,212 Loans Paid In Full 57 44 101 Ending Loan Count 1,438 1,673 3,111 Beginning Scheduled Balance 87,106,248.26 118,532,451.34 205,638,699.60 Ending scheduled Balance 83,383,597.82 114,313,123.39 197,696,721.21 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 842,456.33 1,037,756.58 1,880,212.91 Scheduled Principal 166,108.33 146,379.24 312,487.57 Unscheduled Principal 3,556,542.11 4,072,948.71 7,629,490.82 Scheduled Interest 676,348.00 891,377.34 1,567,725.34 Servicing Fees 36,294.25 49,388.52 85,682.77 Master Servicing Fees 725.90 987.78 1,713.68 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 639,327.85 841,001.04 1,480,328.89 Realized Loss Amount 0.00 13,304.70 13,304.70 Cumulative Realized Loss 466,027.09 79,968.22 545,995.31 Percentage of Cumulative Losses 0.3960 0.0507 0.1982 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.807559 8.514135 8.638426

Filing Compare · BEAR STEARNS ASSET BACK SECURITIES TRUST 2003-3