8-K 1 bst02007_nov.txt NOVEMBER 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): November 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the November 26, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 810/31/042004 Distribution Date: 911/2726/042004 BST Series: 2002-7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MMR0 SEN 5.~~55441~~56254% 119,~~219~~668,~~880~~572.1913 5144,~~933~~818.19 1544,~~043,945~~153.0331 II-A 07384MMS8 SEN 5.~~86189~~89400% 43,~~324~~926,~~214~~701.7300 2119,~~123~~286.3965 5,~~441~~006.1939 III-A 07384MMT6 SEN 5.~~88986~~93760% 65,~~137~~921,~~100~~521.8260 3029,~~122~~299.2266 ~~211~~621,~~697~~876.8977 IV-A 07384MMU3 SEN 6.~~84718~~84309% 1,~~601~~164,~~811~~838.7839 96,~~139~~642.9157 ~~432~~120,~~572~~403.9660 V-A-1 07384MMV1 SEN 5.~~33644~~32037% 6,~~367~~009,~~095~~269.5069 2826,~~314~~642.6793 ~~105~~538,~~603~~404.1302 V-A-2 07384MNE8 SEN 5.~~83144~~81537% 1312,~~356~~605,~~356~~739.2946 6461,~~905~~089.6216 ~~221~~1,~~525~~129,418.3557 V-X 07384MNF5 SEN 0.49500% 0.00 2,~~626~~478.4382 0.00 VI-A 07384MMW9 SEN 5.~~60162~~57384% 1211,~~165~~167,~~942~~258.8075 5651,~~790~~870.8438 ~~148~~115,~~187~~476.8737 VI-X 07384MNG3 SEN 0.47900% 0.00 4,~~856~~457.2460 0.00 VII-A 07384MMX7 SEN 5.~~58700~~58681% 9,~~649~~625,~~213~~339.9322 44,~~925~~812.1648 12412,~~300~~223.3862 VII-X 07384MNH1 SEN 0.64700% 0.00 5,~~202~~189.5366 0.00 B-1 07384MNB4 SUB 5.~~94821~~94486% 4,~~254~~095,~~123~~084.1704 2120,~~087~~287.0223 81113,~~106~~684.0193 B-2 07384MNC2 SUB 5.~~94821~~94486% 2,~~892~~784,~~943~~792.8601 1413,~~339~~795.8799 5577,~~154~~309.7650 B-3 07384MND0 SUB 5.~~94821~~94486% 1,~~701~~638,~~659~~043.1411 8,~~434~~114.8694 3245,~~442~~474.5924 B-4 07384MNJ7 SUB 5.~~94821~~94486% ~~850~~819,~~854~~045.2330 4,~~217~~057.5559 1622,~~221~~737.7778 B-5 07384MNL2 SUB 5.~~94821~~94486% ~~680~~655,~~663~~217.6524 3,~~373~~245.9498 1218,~~977~~189.0469 B-6 07384MNN8 SUB 5.~~94821~~94486% ~~680~~655,~~818~~366.2910 3,~~374~~246.71 1218,~~979~~193.9983 R-I 07384MMZ2 SEN 5.~~64162~~64190% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64162~~64190% 0.00 0.00 0.00 Totals 7570,~~882~~736,~~678~~788.3804 ~~374~~349,~~768~~336.1554 23,~~392~~782,~~155~~552.9662

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 109,~~175~~124,~~935~~418.1681 1588,~~095,878~~971.2250 0.00 II-A 0.00 43,~~318~~921,~~773~~694.5561 2624,~~564~~293.5804 0.00 III-A 0.00 5,~~925~~299,~~402~~644.9383 ~~241~~651,~~820~~176.1143 0.00 IV-A 0.00 1,~~169~~044,~~238~~434.8280 ~~441~~127,~~712~~046.8717 0.00 V-A-1 0.00 65,~~261~~470,~~492~~865.3767 ~~133~~565,~~917~~046.8095 0.00 V-A-2 0.00 1311,~~134~~476,~~830~~320.9589 ~~286~~1,~~430~~190,507.9773 0.00 V-X 0.00 0.00 2,~~626~~478.4382 0.00 VI-A 0.00 1211,~~017~~051,~~754~~782.9439 ~~204~~167,~~978~~346.7175 0.00 VI-X 0.00 0.00 4,~~856~~457.2460 0.00 VII-A 0.00 9,~~636~~213,~~913~~115.5560 57457,~~225~~036.5410 0.00 VII-X 0.00 0.00 5,~~202~~189.5366 0.00 B-1 0.00 43,~~173~~981,~~017~~399.1610 ~~102~~133,~~193~~972.0316 0.00 B-2 0.00 2,~~837~~707,~~789~~482.1051 6991,~~494~~105.6349 0.00 B-3 0.00 1,~~669~~592,~~216~~568.5488 4053,~~877~~589.4518 0.00 B-4 0.00 ~~834~~796,~~632~~307.4752 2026,~~439~~795.3237 0.00 B-5 0.00 ~~667~~637,~~686~~027.6255 1621,~~350~~435.9867 0.00 B-6 0.00 ~~667~~637,~~838~~172.3027 1621,~~354~~440.7054 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 7366,~~490~~954,~~522~~235.4643 24,~~766~~131,~~924~~889.1116 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 129,498,400.00 119,~~219~~668,~~880~~572.1913 1412,~~274~~638.7935 1531,~~029,670~~514.2597 0.00 0.00 II-A 59,280,900.00 43,~~324~~926,~~214~~701.7300 54,~~122~~689.8134 ~~318~~317.3805 0.00 0.00 III-A 30,541,200.00 65,~~137~~921,~~100~~521.8260 23,~~983~~010.4463 ~~208~~618,~~714~~866.4514 0.00 0.00 IV-A 46,458,500.00 1,~~601~~164,~~811~~838.7839 2,~~827~~213.5093 ~~429~~118,~~745~~189.4666 0.00 0.00 V-A-1 70,000,000.00 6,~~367~~009,~~095~~269.5069 8,~~420~~137.4220 97530,~~182~~266.7182 0.00 0.00 V-A-2 146,840,100.00 1312,~~356~~605,~~356~~739.2946 17,~~663~~069.6553 ~~203~~1,~~861~~112,349.7004 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 1211,~~165~~167,~~942~~258.8075 1,~~205~~213.8153 ~~146~~114,~~982~~262.0684 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 9,~~649~~625,~~213~~339.9322 9,~~647~~777.6516 2402,~~652~~446.7347 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 4,~~254~~095,~~123~~084.1704 4,~~544~~479.9807 76109,~~561~~205.0386 0.00 0.00 B-2 5,864,400.00 2,~~892~~784,~~943~~792.8601 3,~~090~~045.7492 5274,~~064~~263.0258 0.00 0.00 B-3 3,449,500.00 1,~~701~~638,~~659~~043.1411 1,~~818~~791.0064 3043,~~624~~682.5960 0.00 0.00 B-4 1,724,800.00 ~~850~~819,~~854~~045.2330 ~~909~~895.0385 1521,~~312~~841.7493 0.00 0.00 B-5 1,379,800.00 ~~680~~655,~~663~~217.6524 ~~727~~716.2066 1217,~~249~~473.8404 0.00 0.00 B-6 1,380,114.00 ~~680~~655,~~818~~366.2910 ~~727~~716.3782 1217,~~252~~477.6201 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 Totals 689,905,814.00 7570,~~882~~736,~~678~~788.3804 7370,~~963~~395.3963 23,~~318~~712,~~192~~157.5801 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 1544,~~043,945~~153.0331 109,~~175~~124,~~935~~418.1681 0.~~07857962~~07045970 1544,~~043,945~~153.0331 II-A 5,~~441~~006.1939 43,~~318~~921,~~773~~694.5561 0.~~07285270~~06615444 5,~~441~~006.1939 III-A ~~211~~621,~~697~~876.8977 5,~~925~~299,~~402~~644.9383 0.~~19401343~~17352445 ~~211~~621,~~697~~876.8977 IV-A ~~432~~120,~~572~~403.9660 1,~~169~~044,~~238~~434.8280 0.~~02516738~~02248103 ~~432~~120,~~572~~403.9660 V-A-1 ~~105~~538,~~603~~404.1302 65,~~261~~470,~~492~~865.3767 0.~~08944989~~07815522 ~~105~~538,~~603~~404.1302 V-A-2 ~~221~~1,~~525~~129,418.3557 1311,~~134~~476,~~830~~320.9589 0.~~08944989~~07815522 ~~221~~1,~~525~~129,418.3557 V-X 0.00 0.00 0.00000000 0.00 VI-A ~~148~~115,~~187~~476.8737 1211,~~017~~051,~~754~~782.9439 0.~~16296410~~14986524 ~~148~~115,~~187~~476.8737 VI-X 0.00 0.00 0.00000000 0.00 VII-A 12412,~~300~~223.3862 9,~~636~~213,~~913~~115.5560 0.~~08672567~~08291178 12412,~~300~~223.3862 VII-X 0.00 0.00 0.00000000 0.00 B-1 81113,~~106~~684.0193 43,~~173~~981,~~017~~399.1610 0.~~48390101~~46168108 81113,~~106~~684.0193 B-2 5577,~~154~~309.7650 2,~~837~~707,~~789~~482.1051 0.~~48390101~~46168108 5577,~~154~~309.7650 B-3 3245,~~442~~474.5924 1,~~669~~592,~~216~~568.5488 0.~~48390101~~46168108 3245,~~442~~474.5924 B-4 1622,~~221~~737.7778 ~~834~~796,~~632~~307.4752 0.~~48390101~~46168108 1622,~~221~~737.7778 B-5 1218,~~977~~189.0469 ~~667~~637,~~686~~027.6255 0.~~48390101~~46168108 1218,~~977~~189.0469 B-6 1218,~~979~~193.9983 ~~667~~637,~~838~~172.3027 0.~~48390082~~46168090 1218,~~979~~193.9983 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 23,~~392~~782,~~155~~552.9662 7366,~~490~~954,~~522~~235.4643 0.~~10652254~~09704837 23,~~392~~782,~~155~~552.9662

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 8674.~~64107194~~66171111 0.~~11023140~~09759464 74.~~95121986~~10441341 0.00000000 II-A 59,280,900.00 7266.~~94448515~~23888976 0.~~08641586~~07910372 0.~~00537070~~00534827 0.00000000 III-A 30,541,200.00 ~~200~~193.~~94497990~~88634369 0.~~09768575~~09857602 620.~~83386540~~26332102 0.00000000 IV-A 46,458,500.00 3425.~~47833615~~07266464 0.~~06086077~~04765393 92.~~25009331~~54398356 0.00000000 V-A-1 70,000,000.00 9085.~~95850714~~84670986 0.~~12029171~~11624571 17.~~38832443~~57524029 0.00000000 V-A-2 146,840,100.00 9085.~~95850718~~84670986 0.~~12029173~~11624570 17.~~38832444~~57524028 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~164~~151.~~97356831~~43113481 0.~~01635112~~01645580 1.~~99311762~~54943589 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 86.~~83636922~~62151306 0.~~08682229~~08798780 03.~~02387277~~62174479 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~493~~474.~~30602526~~86392616 0.~~52703364~~51939075 812.~~87797929~~66345768 0.00000000 B-2 5,864,400.00 ~~493~~474.~~30602619~~86392640 0.~~52703431~~51939158 812.~~87797899~~66345747 0.00000000 B-3 3,449,500.00 ~~493~~474.~~30602696~~86392521 0.~~52703290~~51939122 812.~~87797942~~66345847 0.00000000 B-4 1,724,800.00 ~~493~~474.~~30602389~~86392625 0.~~52703502~~51939355 812.~~87798006~~66345663 0.00000000 B-5 1,379,800.00 ~~493~~474.~~30602261~~86392231 0.~~52703290~~51939412 812.~~87798232~~66345847 0.00000000 B-6 1,380,114.00 ~~493~~474.~~30583560~~86374314 0.~~52703617~~51939188 812.~~87797675~~66345389 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 84.~~06145118~~20200798 7870.~~57962075~~45970305 0.~~07857962~~07045970 84.~~06145118~~20200798 II-A 0.00000000 0.~~09178656~~08445199 7266.~~85269876~~15443777 0.~~07285270~~06615444 0.~~09178656~~08445199 III-A 0.00000000 620.~~93155115~~36189704 ~~194~~173.~~01342875~~52444665 0.~~19401343~~17352445 620.~~93155115~~36189704 IV-A 0.00000000 92.~~31095408~~59163770 2522.~~16738207~~48102715 0.~~02516738~~02248103 92.~~31095408~~59163770 V-A-1 0.00000000 17.~~50861614~~69148600 8978.~~44989100~~15522386 0.~~08944989~~07815522 17.~~50861614~~69148600 V-A-2 0.00000000 17.~~50861618~~69148598 8978.~~44989107~~15522388 0.~~08944989~~07815522 17.~~50861618~~69148598 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 21.~~00946874~~56589170 ~~162~~149.~~96409971~~86524324 0.~~16296410~~14986524 21.~~00946874~~56589170 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 03.~~11069506~~70973250 8682.~~72567416~~91178056 0.~~08672567~~08291178 03.~~11069506~~70973250 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 913.~~40501293~~18284843 ~~483~~461.~~90101233~~68107657 0.~~48390101~~46168108 913.~~40501293~~18284843 B-2 0.00000000 913.~~40501330~~18284906 ~~483~~461.~~90101289~~68107735 0.~~48390101~~46168108 913.~~40501330~~18284906 B-3 0.00000000 913.~~40501232~~18284969 ~~483~~461.~~90101174~~68107842 0.~~48390101~~46168108 913.~~40501232~~18284969 B-4 0.00000000 913.~~40501507~~18285019 ~~483~~461.~~90101461~~68107607 0.~~48390101~~46168108 913.~~40501507~~18285019 B-5 0.00000000 913.~~40501522~~18284534 ~~483~~461.~~90101464~~68107697 0.~~48390101~~46168108 913.~~40501522~~18284534 B-6 0.00000000 913.~~40501292~~18284576 ~~483~~461.~~90082269~~68089738 0.~~48390082~~46168090 913.~~40501292~~18284576 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~55441~~56254% 119,~~219~~668,~~880~~572.1913 5144,~~933~~818.19 0.00 0.00 II-A 59,280,900.00 5.~~86189~~89400% 43,~~324~~926,~~214~~701.7300 2119,~~123~~286.3965 0.00 0.00 III-A 30,541,200.00 5.~~88986~~93760% 65,~~137~~921,~~100~~521.8260 3029,~~122~~299.2267 0.00 0.00 IV-A 46,458,500.00 6.~~84718~~84309% 1,~~601~~164,~~811~~838.7839 96,~~139~~642.9157 0.00 0.00 V-A-1 70,000,000.00 5.~~33644~~32037% 6,~~367~~009,~~095~~269.5069 2826,~~314~~642.6793 0.00 0.00 V-A-2 146,840,100.00 5.~~83144~~81537% 1312,~~356~~605,~~356~~739.2946 6461,~~905~~089.6316 0.00 0.00 V-X 0.00 0.49500% 6,~~367~~009,~~095~~269.5069 2,~~626~~478.4382 0.00 0.00 VI-A 73,744,800.00 5.~~60162~~57384% 1211,~~165~~167,~~942~~258.8075 5651,~~790~~870.8438 0.00 0.00 VI-X 0.00 0.47900% 1211,~~165~~167,~~942~~258.8075 4,~~856~~457.2460 0.00 0.00 VII-A 111,119,500.00 5.~~58700~~58681% 9,~~649~~625,~~213~~339.9322 44,~~925~~812.1649 0.00 0.00 VII-X 0.00 0.64700% 9,~~649~~625,~~213~~339.9322 5,~~202~~189.5366 0.00 0.00 B-1 8,623,700.00 5.~~94821~~94486% 4,~~254~~095,~~123~~084.1704 2120,~~087~~287.0224 0.00 0.00 B-2 5,864,400.00 5.~~94821~~94486% 2,~~892~~784,~~943~~792.8601 1413,~~339~~795.8799 0.00 0.00 B-3 3,449,500.00 5.~~94821~~94486% 1,~~701~~638,~~659~~043.1411 8,~~434~~114.8694 0.00 0.00 B-4 1,724,800.00 5.~~94821~~94486% ~~850~~819,~~854~~045.2330 4,~~217~~057.5559 0.00 0.00 B-5 1,379,800.00 5.~~94821~~94486% ~~680~~655,~~663~~217.6524 3,~~373~~245.9498 0.00 0.00 B-6 1,380,114.00 5.~~94821~~94486% ~~680~~655,~~818~~366.2910 3,~~374~~246.71 0.00 0.00 R-I 50.00 5.~~64162~~64190% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64162~~64190% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~374~~349,~~768~~336.1657 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 0.00 0.00 5144,~~933~~818.19 0.00 109,~~175~~124,~~935~~418.1681 II-A 0.00 0.00 2119,~~123~~286.3965 0.00 43,~~318~~921,~~773~~694.5561 III-A 0.00 0.00 3029,~~122~~299.2266 0.00 5,~~925~~299,~~402~~644.9383 IV-A 0.00 0.00 96,~~139~~642.9157 0.00 1,~~169~~044,~~238~~434.8280 V-A-1 0.00 0.00 2826,~~314~~642.6793 0.00 65,~~261~~470,~~492~~865.3767 V-A-2 0.00 0.00 6461,~~905~~089.6216 0.00 1311,~~134~~476,~~830~~320.9589 V-X 0.00 0.00 2,~~626~~478.4382 0.00 65,~~261~~470,~~492~~865.3767 VI-A 0.00 0.00 5651,~~790~~870.8438 0.00 1211,~~017~~051,~~754~~782.9439 VI-X 0.00 0.00 4,~~856~~457.2460 0.00 1211,~~017~~051,~~754~~782.9439 VII-A 0.00 0.00 44,~~925~~812.1648 0.00 9,~~636~~213,~~913~~115.5560 VII-X 0.00 0.00 5,~~202~~189.5366 0.00 9,~~636~~213,~~913~~115.5560 B-1 0.00 0.00 2120,~~087~~287.0223 0.00 43,~~173~~981,~~017~~399.1610 B-2 0.00 0.00 1413,~~339~~795.8799 0.00 2,~~837~~707,~~789~~482.1051 B-3 0.00 0.00 8,~~434~~114.8694 0.00 1,~~669~~592,~~216~~568.5488 B-4 0.00 0.00 4,~~217~~057.5559 0.00 ~~834~~796,~~632~~307.4752 B-5 0.00 0.00 3,~~373~~245.9498 0.00 ~~667~~637,~~686~~027.6255 B-6 0.00 0.00 3,~~374~~246.71 0.00 ~~667~~637,~~838~~172.3027 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~374~~349,~~768~~336.1554 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~55441~~56254% 8674.~~64107194~~66171111 0.~~40103345~~34609069 0.00000000 0.00000000 II-A 59,280,900.00 5.~~86189~~89400% 7266.~~94448515~~23888976 0.~~35632708~~32534341 0.00000000 0.00000000 III-A 30,541,200.00 5.~~88986~~93760% ~~200~~193.~~94497990~~88634369 0.~~98628148~~95934901 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~84718~~84309% 3425.~~47833615~~07266464 0.~~19673278~~14297857 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~33644~~32037% 9085.~~95850714~~84670986 0.~~40449529~~38061329 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~83144~~81537% 9085.~~95850718~~84670986 0.~~44201570~~41602505 0.00000000 0.00000000 V-X 0.00 0.49500% 9085.~~95850714~~84670986 0.~~03752043~~03541171 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~60162~~57384% ~~164~~151.~~97356831~~43113481 0.~~77009959~~70337678 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~164~~151.~~97356831~~43113481 0.~~06585197~~06044630 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~58700~~58681% 86.~~83636922~~62151306 0.~~40429592~~40328196 0.00000000 0.00000000 VII-X 0.00 0.64700% 86.~~83636922~~62151306 0.~~04681924~~04670341 0.00000000 0.00000000 B-1 8,623,700.00 5.~~94821~~94486% ~~493~~474.~~30602526~~86392616 2.~~44524044~~35249835 0.00000000 0.00000000 B-2 5,864,400.00 5.~~94821~~94486% ~~493~~474.~~30602619~~86392640 2.~~44524077~~35249812 0.00000000 0.00000000 B-3 3,449,500.00 5.~~94821~~94486% ~~493~~474.~~30602696~~86392521 2.~~44524134~~35249746 0.00000000 0.00000000 B-4 1,724,800.00 5.~~94821~~94486% ~~493~~474.~~30602389~~86392625 2.~~44524003~~35249884 0.00000000 0.00000000 B-5 1,379,800.00 5.~~94821~~94486% ~~493~~474.~~30602261~~86392231 2.~~44523844~~35250036 0.00000000 0.00000000 B-6 1,380,114.00 5.~~94821~~94486% ~~493~~474.~~30583560~~86374314 2.~~44524003~~35249407 0.00000000 0.00000000 R-I 50.00 5.~~64162~~64190% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64162~~64190% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 0.~~40103345~~34609069 0.00000000 7870.~~57962075~~45970305 II-A 0.00000000 0.00000000 0.~~35632708~~32534341 0.00000000 7266.~~85269876~~15443777 III-A 0.00000000 0.00000000 0.~~98628148~~95934868 0.00000000 ~~194~~173.~~01342875~~52444665 IV-A 0.00000000 0.00000000 0.~~19673278~~14297857 0.00000000 2522.~~16738207~~48102715 V-A-1 0.00000000 0.00000000 0.~~40449529~~38061329 0.00000000 8978.~~44989100~~15522386 V-A-2 0.00000000 0.00000000 0.~~44201563~~41602505 0.00000000 8978.~~44989107~~15522388 V-X 0.00000000 0.00000000 0.~~03752043~~03541171 0.00000000 8978.~~44989100~~15522386 VI-A 0.00000000 0.00000000 0.~~77009959~~70337678 0.00000000 ~~162~~149.~~96409971~~86524324 VI-X 0.00000000 0.00000000 0.~~06585197~~06044630 0.00000000 ~~162~~149.~~96409971~~86524324 VII-A 0.00000000 0.00000000 0.~~40429592~~40328187 0.00000000 8682.~~72567416~~91178056 VII-X 0.00000000 0.00000000 0.~~04681924~~04670341 0.00000000 8682.~~72567416~~91178056 B-1 0.00000000 0.00000000 2.~~44524044~~35249719 0.00000000 ~~483~~461.~~90101233~~68107657 B-2 0.00000000 0.00000000 2.~~44524077~~35249812 0.00000000 ~~483~~461.~~90101289~~68107735 B-3 0.00000000 0.00000000 2.~~44524134~~35249746 0.00000000 ~~483~~461.~~90101174~~68107842 B-4 0.00000000 0.00000000 2.~~44524003~~35249884 0.00000000 ~~483~~461.~~90101461~~68107607 B-5 0.00000000 0.00000000 2.~~44523844~~35250036 0.00000000 ~~483~~461.~~90101464~~68107697 B-6 0.00000000 0.00000000 2.~~44524003~~35249407 0.00000000 ~~483~~461.~~90082269~~68089738 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 24,~~792~~147,~~795~~426.0964 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1316,~~163~~716.6924 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 24,~~805~~164,~~958~~142.7888 Withdrawals Reimbursement for Servicer Advances 1913,~~057~~724.6430 Payment of Service Fee 1918,~~977~~529.0442 Payment of Interest and Principal 24,~~766~~131,~~924~~889.1016 Total Withdrawals (Pool Distribution Amount) 24,~~805~~164,~~958~~142.7888 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 1918,~~977~~529.0442 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1918,~~977~~529.0442

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 34 0 0 0 34 1,~~410~~614,~~742~~198.3358 0.00 0.00 0.00 1,~~410~~614,~~742~~198.3358 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0516,383.0038 0.00 0.00 0.00 0516,383.0038 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 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 Totals 35 0 1 1 57 12,~~410~~130,~~742~~581.3396 0.00 369,860.01 496,117.44 2,~~276~~996,~~719~~559.7841 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~442308~~094241% 0.000000% 0.000000% 0.000000% 12.~~442308~~094241% 12.~~917970~~408589% 0.000000% 0.000000% 0.000000% 12.~~917970~~408589% 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~~523560% 0.000000% 0.000000% 0.000000% 0.~~000000~~523560% 0.~~000000~~770510% 0.000000% 0.000000% 0.000000% 0.~~000000~~770510% 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.~~480769~~523560% 0.~~480769~~523560% 01.~~961538~~047120% 0.000000% 0.000000% 0.~~502842~~551878% 0.~~674495~~740270% 1.~~177337~~292148% Totals 12.~~442308~~617801% 0.000000% 0.~~480769~~523560% 0.~~480769~~523560% 23.~~403846~~664921% 13.~~917970~~179099% 0.000000% 0.~~502842~~551878% 0.~~674495~~740270% 34.~~095307~~471248%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 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 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 Totals 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 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% 4.~~000000~~347826% 4.~~000000~~347826% 8.~~000000~~695652% 0.000000% 0.000000% 3.~~065729~~387156% 4.~~112263~~543414% 7.~~177992~~930570% Totals 0.000000% 0.000000% 4.~~000000~~347826% 4.~~000000~~347826% 8.~~000000~~695652% 0.000000% 0.000000% 3.~~065729~~387156% 4.~~112263~~543414% 7.~~177992~~930570% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~537~~536,~~785~~608.5688 0.00 0.00 0.00 ~~537~~536,~~785~~608.5688 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 1 0 0 0 1 ~~537~~536,~~785~~608.5688 0.00 0.00 0.00 ~~537~~536,~~785~~608.5688 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~125000~~333333% 0.000000% 0.000000% 0.000000% 3.~~125000~~333333% 89.~~219409~~118167% 0.000000% 0.000000% 0.000000% 89.~~219409~~118167% 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 3.~~125000~~333333% 0.000000% 0.000000% 0.000000% 3.~~125000~~333333% 89.~~219409~~118167% 0.000000% 0.000000% 0.000000% 89.~~219409~~118167% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~356,573~~0.3900 0.00 0.00 0.00 ~~356,573~~0.3900 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~356,573~~0.3900 0.00 0.00 0.00 ~~356,573~~0.3900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~666667~~000000% 0.000000% 0.000000% 0.000000% 10.~~666667~~000000% 10.~~549053~~000000% 0.000000% 0.000000% 0.000000% 10.~~549053~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~666667~~000000% 0.000000% 0.000000% 0.000000% 10.~~666667~~000000% 10.~~549053~~000000% 0.000000% 0.000000% 0.000000% 10.~~549053~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~516~~135,~~383~~900.3800 0.00 0.00 0.00 ~~516~~135,~~383~~900.3800 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0516,383.0038 0.00 0.00 0.00 0516,383.0038 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~516~~652,~~383~~283.38 0.00 0.00 0.00 ~~516~~652,~~383~~283.38 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~083333~~272727% 0.000000% 0.000000% 0.000000% 2.~~083333~~272727% 31.~~840674~~093756% 0.000000% 0.000000% 0.000000% 31.~~840674~~093756% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 02.~~000000~~272727% 0.000000% 0.000000% 0.000000% 02.~~000000~~272727% 04.~~000000~~155976% 0.000000% 0.000000% 0.000000% 04.~~000000~~155976% 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 24.~~083333~~545455% 0.000000% 0.000000% 0.000000% 24.~~083333~~545455% 35.~~840674~~249732% 0.000000% 0.000000% 0.000000% 35.~~840674~~249732% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 0941,689.0070 0.00 0.00 0.00 0941,689.0070 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 02 0 0 0 02 0941,689.0070 0.00 0.00 0.00 0941,689.0070 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 07.~~000000~~692308% 0.000000% 0.000000% 0.000000% 07.~~000000~~692308% 08.~~000000~~534753% 0.000000% 0.000000% 0.000000% 08.~~000000~~534753% 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 07.~~000000~~692308% 0.000000% 0.000000% 0.000000% 07.~~000000~~692308% 08.~~000000~~534753% 0.000000% 0.000000% 0.000000% 08.~~000000~~534753%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1316,~~163~~716.6924

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% 6357,~~314~~829,~~587~~816.3062 86.~~15340481~~37215592% 13.~~846595~~627844% 0.000000% Class 2A 501,126,514.00 72.63694606% 5853,~~995~~908,~~813~~122.7501 80.~~27676465~~51487955% 5.~~876640~~857276% 3937.~~803703~~883603% Class 3A 470,585,314.00 68.21008092% 5348,~~070~~608,~~410~~477.8218 72.~~21395229~~59955530% 87.~~062812~~915324% 5451.~~611102~~194614% Class B-1 13,798,714.00 2.00008664% 6,~~677~~370,~~163~~558.0373 9.~~08574712~~51479572% 5.~~678307~~946448% 38.460349% Class B-2 7,934,314.00 1.15005756% 3,~~839~~663,~~373~~076.9322 5.~~22431166~~47101494% 34.~~861435~~043781% 26.154304% Class B-3 4,484,814.00 0.65006178% 2,~~170~~070,~~157~~507.3934 23.~~95297586~~09242175% 2.~~271336~~378593% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,~~335~~274,~~524~~199.9282 1.~~81727504~~90309069% 1.~~135701~~189331% 7.692337% Class B-5 1,380,214.00 0.20005832% ~~667~~637,~~838~~172.3027 0.~~90874072~~95165342% 0.~~908534~~951437% 6.153692% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~908741~~951653% 6.~~155089~~155090% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~242455~~240588% Weighted Average Net Coupon 5.~~926541~~926250% Weighted Average Pass-Through Rate 5.~~926541~~926250% Weighted Average Maturity (Stepdown Calculation ) ~~330~~328 Beginning Scheduled Collateral Loan Count ~~214~~201 Number Of Loans Paid In Full 610 Ending Scheduled Collateral Loan Count ~~208~~191 Beginning Scheduled Collateral Balance 7570,~~882~~736,~~678~~788.4004 Ending Scheduled Collateral Balance 7366,~~490~~954,~~522~~235.4543 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 7367,~~553~~018,~~925~~419.3332 Monthly P &I Constant ~~468~~438,~~708~~261.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 23,~~501~~783,~~214~~550.0175 Ending Scheduled Balance for Premium Loans 7366,~~490~~954,~~522~~235.4543 Scheduled Principal 7370,~~963~~395.3961 Unscheduled Principal 23,~~318~~712,~~192~~157.5600

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 8584.~~194545~~149836% Senior Prepayment Percentage Grp 1 92.~~597273~~074918% Subordinate Percentage Group 1 1415.~~805455~~850164% Subordinate Prepayment Pct Group 1 7.~~402727~~925082% Average Loss Severity Group 2 0 Senior Percentage Group 2 8281.~~525307~~753458% Senior Prepayment Percentage Grp 2 9190.~~262653~~876729% Subordinate Percentage Group 2 1718.~~474693~~246542% Subordinate Prepayment Pct Group 2 89.~~737347~~123271% Average Loss Severity Group 3 0 Senior Percentage Group 3 90.~~763848~~608653% Senior Prepayment Percentage Grp 3 95.~~381924~~304326% Subordinate Percentage Group 3 9.~~236152~~391347% Subordinate Prepayment Pct Group 3 4.~~618076~~695674% Average Loss Severity Group 4 0 Senior Percentage Group 4 7166.~~018318~~829103% Senior Prepayment Percentage Grp 4 8583.~~509159~~414552% Subordinate Percentage Group 4 2833.~~981682~~170897% Subordinate Prepayment Pct Group 4 1416.~~490841~~585448% Average Loss Severity Group 5 0 Senior Percentage Group 5 84.~~458490~~058574% Senior Prepayment Percentage Grp 5 92.~~229245~~029287% Subordinate Percentage Group 5 15.~~541510~~941426% Subordinate Prepayment Pct Group 5 7.~~770755~~970713% Average Loss Severity Group 6 0 Senior Percentage Group 6 89.~~446509~~006229% Senior Prepayment Percentage Grp 6 94.~~723255~~503114% Subordinate Percentage Group 6 10.~~553491~~993771% Subordinate Prepayment Pct Group 6 5.~~276745~~496886% Average Loss Severity Group 7 0 Senior Percentage Group 7 83.~~893107~~889664% Senior Prepayment Percentage Grp 7 91.~~946554~~944832% Subordinate Percentage Group 7 16.~~106893~~110336% Subordinate Prepayment Pct Group 7 8.~~053446~~055168%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~923519~~930801 6.~~120611~~153492 6.~~213059~~259134 Weighted Average Net Rate 5.~~554411~~562541 5.~~861888~~894000 5.~~889859~~937596 Weighted Average Maturity ~~331~~ 329 ~~331~~327 329 Beginning Loan Count 2724 1211 3332 Loans Paid In Full 21 0 12 Ending Loan Count 2523 1211 3230 Beginning Scheduled Balance 1311,~~169~~489,~~716~~710.6302 54,~~239~~803,~~865~~100.0883 6,~~761~~535,~~613~~271.7467 Ending scheduled Balance 1210,~~040~~897,~~973~~427.4558 54,~~233~~797,~~308~~016.6600 65,~~539~~882,~~506~~591.9913 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 8171,~~764~~804.7485 3230,~~933~~365.5482 3837,~~295~~410.6329 Scheduled Principal 1615,~~755~~018.5286 65,~~207~~735.5695 3,~~287~~322.0467 Unscheduled Principal 1577,~~111,987~~263.6658 348.8688 ~~218~~649,~~819~~357.7187 Scheduled Interest 6556,~~009~~785.2299 2624,~~725~~629.9887 3534,~~008~~087.5962 Servicing Fees 43,~~050~~526.8700 1,~~129~~038.7364 1,~~821~~751.1312 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 6053,~~958~~259.3599 2523,~~596~~591.2523 3332,~~187~~336.4650 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~554411~~562541 5.~~861888~~894000 5.~~889859~~937595

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~097181~~093086 6.~~096561~~077718 6.~~444771~~416101 Weighted Average Net Rate 6.~~847183~~843084 5.~~831437~~815366 6.~~080622~~052835 Weighted Average Maturity ~~318~~316 328 330 ~~332~~ Beginning Loan Count 54 6158 4945 Loans Paid In Full 1 14 1 Ending Loan Count 43 6054 4844 Beginning Scheduled Balance 21,~~255~~743,~~491~~010.0166 2322,~~352~~145,~~834~~282.8795 1312,~~601~~546,~~361~~603.1964 Ending scheduled Balance 1,~~748~~598,~~937~~008.2133 2220,~~995~~330,~~542~~412.1403 1312,~~444~~424,~~843~~331.1315 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 1713,~~321~~615.0660 ~~149~~142,~~527~~147.2076 7468,~~396~~446.1398 Scheduled Principal 3,~~981~~312.3783 3029,~~883~~987.8910 1,~~348~~363.0842 Unscheduled Principal ~~502~~141,~~572~~689.4350 ~~326~~1,~~408~~784,883.8482 ~~155~~120,~~169~~909.9807 Scheduled Interest 1310,~~339~~302.6977 ~~118~~112,~~643~~160.3166 7367,~~048~~083.0556 Servicing Fees ~~469~~363.8913 54,~~159~~841.4955 43,~~127~~798.4413 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 129,~~869~~939.8064 ~~113~~107,~~483~~319.8211 6863,~~920~~285.6143 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~847181~~843086 5.~~831437~~815366 6.~~080622~~052835

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~569793~~569623 6.~~242455~~240588 Weighted Average Net Rate 6.~~234003~~233813 5.~~926541~~926250 Weighted Average Maturity ~~331~~329.00 ~~330~~328.00 Record Date 0810/31/2004 0810/31/2004 Principal And Interest Constant 74,470.28 ~~468~~438,~~708~~261.58 Beginning Loan Count 27 ~~214~~201 Loans Paid In Full 01 610 Ending Loan Count 2726 ~~208~~191 Beginning Scheduled Balance 11,~~501~~473,~~795~~808.8827 7570,~~882~~736,~~678~~788.4004 Ending Scheduled Balance 11,~~487~~024,~~410~~449.8721 7366,~~490~~954,~~522~~235.4543 Scheduled Principal 11,~~499~~654.9378 7370,~~963~~395.3961 Unscheduled Principal 2437,~~885~~704.0828 23,~~318~~712,~~192~~157.5600 Scheduled Interest 62,~~970~~815.3550 ~~394~~367,~~745~~865.1997 Servicing Fee 3,~~218~~210.4985 1918,~~977~~529.0442 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 59,~~751~~604.8665 ~~374~~349,~~768~~336.1555 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~234004~~233814 5.~~926541~~926250

Filing Compare · BEAR STEARNS ARM TRUST 2002-7