8-K 1 bst02005_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 2002-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-06 90-0072865 Pooling and Servicing Agreement) (Commission 90-0072867 (State or other File Number) 90-0073124 jurisdiction 90-0073141 of Incorporation) IRS EIN 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 2002-5 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 2002-5 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 2002-5 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 2002-5 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: 2002-5 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 07384MKZ4 SEN 34.~~90811~~00831% 11,~~569~~301,~~969~~407.3360 37,~~680~~625.6028 3139,~~013~~902.0689 II-A 07384MLA8 SEN 5.~~36850~~36800% 1,~~894~~687,~~237~~690.5365 87,~~474~~524.3573 2370,~~561~~351.8402 R-1 07384MLB6 RES 5.65566% 0.00 0.00 0.00 R-2 07384MLC4 RES 5.65566% 0.00 0.00 0.00 R-3 07384MLD2 RES 5.65566% 0.00 0.00 0.00 R-4 07384MLE0 RES 5.65566% 0.00 0.00 0.00 III-A 07384MLF7 SEN 5.~~05812~~05693% 1,~~339~~332,~~859~~911.6814 5,~~647~~598.6552 34,~~466~~679.5274 IV-A1 07384MLG5 SEN 5.~~58179~~60164% 1412,~~391~~766,~~969~~154.7620 6659,~~944~~396.1047 ~~978~~1,~~176~~515,143.8002 IV-A2 07384MLH3 SEN 5.~~37679~~39664% 5,~~664~~024,~~924~~975.2759 2522,~~382~~523.5885 ~~385~~596,~~027~~386.0408 IV-A3 07384MMG4 SEN 5.~~27179~~29164% 32,~~062~~716,~~121~~203.2302 1311,~~452~~938.3817 ~~208~~322,~~122~~370.7286 IV-A4 07384MMH2 SEN 5.~~80179~~82164% 65,~~200~~500,~~795~~311.4812 2926,~~979~~596.7510 ~~421~~652,~~448~~800.5198 IV-A5 07384MMJ8 SEN 5.~~80179~~82164% 8071,~~840~~707.0076 ~~390~~346.8573 58,~~494~~510.4459 IV-X 07384MLJ9 SEN 0.51078% 0.00 1211,~~514~~064.4415 0.00 V-A 07384MLK6 SEN 6.~~11335~~11364% 6,~~546~~520,~~955~~073.3879 33,~~353~~108.1939 13,~~405~~546.5104 VI-A 07384MLL4 SEN 5.~~94152~~93804% 2322,~~975~~606,~~281~~992.2919 ~~118~~111,~~707~~499.9015 1167,~~041,452~~079.9285 VII-A 07384MLM2 SEN 6.~~66945~~66903% ~~852~~851,~~877~~608.8621 4,~~740~~717.1924 ~~640~~648.5327 B-1 07384MLN0 SUB 5.~~83019~~84093% 6,~~485~~258,~~027~~306.3101 3130,~~507~~361.4360 ~~128~~187,~~073~~589.2288 B-2 07384MLP5 SUB 5.~~83019~~84093% 3,~~974~~835,~~703~~744.2774 1918,~~311~~608.0576 78114,~~496~~974.6771 B-3 07384MLQ3 SUB 5.~~83019~~84093% 2,~~091~~018,~~889~~755.6263 109,~~163~~793.4281 4160,~~312~~511.8628 B-4 07384MLR1 SUB 5.~~83019~~84093% 1,~~045~~009,~~991~~423.8925 54,~~081~~897.9412 2030,~~657~~257.3600 B-5 07384MLS9 SUB 5.~~83019~~84093% 1,~~046~~009,~~038~~468.9768 54,~~082~~897.1734 2030,~~658~~258.2937 B-6 07384MLT7 SUB 5.~~83019~~84093% 1996,~~032,593~~493.8662 54,~~016~~834.8540 1929,~~223~~869.1944 Totals 9185,~~256~~508,~~076~~227.7320 ~~433~~405,~~430~~331.8481 34,~~399~~144,~~231~~880.4802

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 11,~~538~~261,~~956~~504.2772 6877,~~693~~528.6617 0.00 II-A 0.00 1,~~891~~317,~~675~~339.6964 11377,~~036~~875.1975 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 R-4 0.00 0.00 0.00 0.00 III-A 0.00 1,~~336~~328,~~393~~231.1741 910,~~114~~278.1726 0.00 IV-A1 0.00 1311,~~413~~251,~~792~~011.9618 1,~~045~~574,~~120~~539.9049 0.00 IV-A2 0.00 54,~~279~~428,~~897~~589.2351 ~~410~~618,~~409~~909.6293 0.00 IV-A3 0.00 2,~~853~~393,~~998~~832.5017 ~~221~~334,~~575~~309.1003 0.00 IV-A4 0.00 54,~~779~~847,~~346~~510.9714 ~~451~~679,~~428~~397.2608 0.00 IV-A5 0.00 7563,~~345~~197.5617 58,~~885~~857.2932 0.00 IV-X 0.00 0.00 1211,~~514~~064.4415 0.00 V-A 0.00 6,~~533~~506,~~549~~527.8775 46,~~758~~654.7043 0.00 VI-A 0.00 22,~~933~~439,~~828~~912.3634 1278,~~160,160~~579.8200 0.00 VII-A 0.00 ~~852~~850,~~237~~959.3394 5,~~380~~365.7251 0.00 B-1 0.00 6,~~356~~070,~~954~~716.1013 ~~159~~217,~~580~~951.6548 0.00 B-2 0.00 3,~~896~~720,~~206~~770.6003 97133,~~807~~583.7247 0.00 B-3 0.00 21,~~050~~958,~~576~~244.7635 5170,~~476~~305.2809 0.00 B-4 0.00 1979,~~025,334~~166.5324 2535,~~739~~154.3012 0.00 B-5 0.00 1979,~~025,380~~210.6832 2535,~~740~~155.4671 0.00 B-6 ~~1,169~~0.5700 1966,~~012,201~~624.1018 2434,~~240~~703.0484 15,095.12 Totals ~~1,169~~0.5700 8781,~~855~~363,~~675~~347.6822 34,~~832~~550,~~662~~211.3283 15,095.12 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 35,180,200.00 11,~~569~~301,~~969~~407.3360 29,~~427~~923.8980 19,~~585~~979.1709 0.00 0.00 II-A 74,454,400.00 1,~~894~~687,~~237~~690.5365 2,~~492~~253.6182 69368,097.2319 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 R-4 50.00 0.00 0.00 0.00 0.00 0.00 III-A 19,396,800.00 1,~~339~~332,~~859~~911.6814 2,~~221~~253.8607 12,~~244~~426.6667 0.00 0.00 IV-A1 188,000,000.00 1412,~~391~~766,~~969~~154.7620 1513,~~456~~972.9314 ~~962~~1,~~719~~501,170.8788 0.00 0.00 IV-A2 74,000,000.00 5,~~664~~024,~~924~~975.2759 65,~~084~~499.1167 ~~378~~590,~~942~~886.9341 0.00 0.00 IV-A3 40,000,000.00 32,~~062~~716,~~121~~203.2302 32,~~288~~972.7180 ~~204~~319,~~834~~398.0106 0.00 0.00 IV-A4 81,000,000.00 65,~~200~~500,~~795~~311.4812 6,~~659~~019.6491 ~~414~~646,~~788~~781.8807 0.00 0.00 IV-A5 1,056,000.00 8071,~~840~~707.0076 8678.8248 58,~~407~~432.6211 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 6,~~546~~520,~~955~~073.3879 10,~~467~~606.1227 2,~~938~~939.4077 0.00 0.00 VI-A 248,618,300.00 2322,~~975~~606,~~281~~992.2919 2019,~~480~~635.9888 1147,~~020,971~~443.9497 0.00 0.00 VII-A 13,632,100.00 ~~852~~851,~~877~~608.8621 ~~625~~632.2396 15.31 0.00 0.00 B-1 13,774,900.00 6,~~485~~258,~~027~~306.3101 7,~~681~~591.3415 ~~120~~179,~~391~~998.8873 0.00 0.00 B-2 8,442,700.00 3,~~974~~835,~~703~~744.2774 4,~~707~~652.9365 73110,~~788~~322.7405 0.00 0.00 B-3 4,443,400.00 2,~~091~~018,~~889~~755.6263 2,~~477~~448.7969 3858,~~835~~062.0859 0.00 0.00 B-4 2,221,800.00 1,~~045~~009,~~991~~423.8925 1,~~238~~224.9540 1929,~~418~~032.4160 0.00 0.00 B-5 2,221,900.00 1,~~046~~009,~~038~~468.9768 1,~~239~~224.0046 1929,~~419~~033.2991 0.00 0.00 B-6 2,222,022.00 1996,~~032,593~~493.8662 1,~~223~~208.0872 1828,~~000~~660.1172 0.00 ~~1,169~~0.5700 Totals 888,703,522.00 9185,~~256~~508,~~076~~227.7320 ~~115~~112,~~859~~198.9987 34,~~283~~032,~~371~~681.5313 0.00 ~~1,169~~0.5700 (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 3139,~~013~~902.0689 11,~~538~~261,~~956~~504.2772 0.~~32799576~~32010917 3139,~~013~~902.0689 II-A 2370,~~561~~351.8402 1,~~891~~317,~~675~~339.6964 0.~~02540717~~01769324 2370,~~561~~351.8402 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 R-4 0.00 0.00 0.00000000 0.00 III-A 34,~~466~~679.5274 1,~~336~~328,~~393~~231.1741 0.~~06889761~~06847683 34,~~466~~679.5274 IV-A1 ~~978~~1,~~176~~515,143.8002 1311,~~413~~251,~~792~~011.9618 0.~~07134996~~05984580 ~~978~~1,~~176~~515,143.8002 IV-A2 ~~385~~596,~~027~~386.0408 54,~~279~~428,~~897~~589.2351 0.~~07134996~~05984580 ~~385~~596,~~027~~386.0408 IV-A3 ~~208~~322,~~122~~370.7286 2,~~853~~393,~~998~~832.5017 0.~~07134996~~05984580 ~~208~~322,~~122~~370.7286 IV-A4 ~~421~~652,~~448~~800.5198 54,~~779~~847,~~346~~510.9714 0.~~07134996~~05984580 ~~421~~652,~~448~~800.5198 IV-A5 58,~~494~~510.4459 7563,~~345~~197.5617 0.~~07134996~~05984580 58,~~494~~510.4459 IV-X 0.00 0.00 0.00000000 0.00 V-A 13,~~405~~546.5104 6,~~533~~506,~~549~~527.8775 0.~~08162978~~08129217 13,~~405~~546.5104 VI-A 1167,~~041,452~~079.9285 22,~~933~~439,~~828~~912.3634 0.~~09224513~~09025849 1167,~~041,452~~079.9285 VII-A ~~640~~648.5327 ~~852~~850,~~237~~959.3394 0.~~06251695~~06242325 ~~640~~648.5327 B-1 ~~128~~187,~~073~~589.2288 6,~~356~~070,~~954~~716.1013 0.~~46148822~~44070854 ~~128~~187,~~073~~589.2288 B-2 78114,~~496~~974.6771 3,~~896~~720,~~206~~770.6003 0.~~46148822~~44070854 78114,~~496~~974.6771 B-3 4160,~~312~~511.8628 21,~~050~~958,~~576~~244.7635 0.~~46148822~~44070855 4160,~~312~~511.8628 B-4 2030,~~657~~257.3600 1979,~~025,334~~166.5324 0.~~46148822~~44070854 2030,~~657~~257.3600 B-5 2030,~~658~~258.2937 1979,~~025,380~~210.6832 0.~~46148822~~44070855 2030,~~658~~258.2937 B-6 2029,~~392~~869.7644 1966,~~012,201~~624.1018 0.~~45553154~~43502008 1929,~~223~~869.1944 Totals 34,~~400~~144,~~401~~880.0502 8781,~~855~~363,~~675~~347.6822 0.~~09885825~~09155286 34,~~399~~144,~~231~~880.4802

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 35,180,200.00 ~~328~~321.~~87730399~~24341533 0.~~83649013~~85058641 0.~~04505858~~28365643 0.00000000 II-A 74,454,400.00 2522.~~44157941~~66744007 0.~~03347834~~03027115 04.~~00092983~~94392796 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 R-4 50.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 6968.~~07632599~~71809474 0.~~11454776~~11615679 0.~~06416832~~12510672 0.00000000 IV-A1 188,000,000.00 7667.~~55303064~~90507553 0.~~08221771~~07431989 57.~~12085037~~98495149 0.00000000 IV-A2 74,000,000.00 7667.~~55303068~~90507554 0.~~08221770~~07431986 57.~~12085041~~98495149 0.00000000 IV-A3 40,000,000.00 7667.~~55303075~~90507550 0.~~08221775~~07432000 57.~~12085025~~98495150 0.00000000 IV-A4 81,000,000.00 7667.~~55303062~~90507556 0.~~08221778~~07431988 57.~~12085037~~98495148 0.00000000 IV-A5 1,056,000.00 7667.~~55303030~~90507576 0.~~08221591~~07431818 57.~~12085227~~98495265 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 81.~~79727057~~46141359 0.~~13077557~~13251411 0.~~03671219~~03672931 0.00000000 VI-A 248,618,300.00 9690.~~43409713~~93052358 0.~~08237921~~07898003 40.~~10658403~~59305357 0.00000000 VII-A 13,632,100.00 62.~~56393806~~47080127 0.~~04586454~~04643158 0.00112308 0.00000000 B-1 13,774,900.00 ~~470~~454.~~78579953~~32678350 0.~~55763309~~55108567 813.~~73994584~~06715330 0.00000000 B-2 8,442,700.00 ~~470~~454.~~78579957~~32678409 0.~~55763322~~55108555 813.~~73994575~~06715269 0.00000000 B-3 4,443,400.00 ~~470~~454.~~78579916~~32678354 0.~~55763379~~55108475 813.~~73994689~~06715353 0.00000000 B-4 2,221,800.00 ~~470~~454.~~78579980~~32678459 0.~~55763345~~55108471 813.~~73994509~~06715276 0.00000000 B-5 2,221,900.00 ~~470~~454.~~78580044~~32678338 0.~~55763086~~55108691 813.~~73994779~~06715424 0.00000000 B-6 2,222,022.00 ~~464~~448.~~70910729~~46253547 0.~~55043559~~54397301 812.~~10077938~~89848615 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 01.~~88154871~~13424284 ~~327~~320.~~99575528~~10917277 0.~~32799576~~32010917 01.~~88154871~~13424284 II-A 0.00000000 04.~~03440817~~97419924 2517.~~40717124~~69324096 0.~~02540717~~01769324 04.~~03440817~~97419924 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 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 0.~~17871608~~24126351 68.~~89761043~~47683175 0.~~06889761~~06847683 0.~~17871608~~24126351 IV-A1 0.00000000 58.~~20306809~~05927138 7159.~~34996255~~84580415 0.~~07134996~~05984580 58.~~20306809~~05927138 IV-A2 0.00000000 58.~~20306811~~05927135 7159.~~34996257~~84580419 0.~~07134996~~05984580 58.~~20306811~~05927135 IV-A3 0.00000000 58.~~20306800~~05927150 7159.~~34996250~~84580425 0.~~07134996~~05984580 58.~~20306800~~05927150 IV-A4 0.00000000 58.~~20306802~~05927136 7159.~~34996259~~84580420 0.~~07134996~~05984580 58.~~20306802~~05927136 IV-A5 0.00000000 58.~~20306818~~05927083 7159.~~34996212~~84580492 0.~~07134996~~05984580 58.~~20306818~~05927083 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 0.~~16748764~~16924342 81.~~62978293~~29217017 0.~~08162978~~08129217 0.~~16748764~~16924342 VI-A 0.00000000 40.~~18896324~~67203360 9290.~~24513385~~25848998 0.~~09224513~~09025849 40.~~18896324~~67203360 VII-A 0.00000000 0.~~04698689~~04755467 62.~~51695117~~42324660 0.~~06251695~~06242325 0.~~04698689~~04755467 B-1 0.00000000 913.~~29757893~~61823897 ~~461~~440.~~48822133~~70854453 0.~~46148822~~44070854 913.~~29757893~~61823897 B-2 0.00000000 913.~~29757897~~61823943 ~~461~~440.~~48822059~~70854466 0.~~46148822~~44070854 913.~~29757897~~61823943 B-3 0.00000000 913.~~29757843~~61823829 ~~461~~440.~~48822073~~70854526 0.~~46148822~~44070855 913.~~29757843~~61823829 B-4 0.00000000 913.~~29757854~~61823747 ~~461~~440.~~48822126~~70854262 0.~~46148822~~44070854 913.~~29757854~~61823747 B-5 0.00000000 913.~~29757865~~61824114 ~~461~~440.~~48822179~~70854674 0.~~46148822~~44070855 913.~~29757865~~61824114 B-6 0.~~52635392~~00000000 913.~~17756890~~44245917 ~~455~~435.~~53153839~~02007631 0.~~45553154~~43502008 813.~~65121497~~44245917 (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 35,180,200.00 34.~~90811~~00831% 11,~~569~~301,~~969~~407.3360 37,~~680~~749.6065 0.00 0.00 II-A 74,454,400.00 5.~~36850~~36800% 1,~~894~~687,~~237~~690.5365 87,~~474~~549.3561 0.00 0.00 R-1 50.00 5.65566% 0.00 0.00 0.00 0.00 R-2 50.00 5.65566% 0.00 0.00 0.00 0.00 R-3 50.00 5.65566% 0.00 0.00 0.00 0.00 R-4 50.00 5.65566% 0.00 0.00 0.00 0.00 III-A 19,396,800.00 5.~~05812~~05693% 1,~~339~~332,~~859~~911.6814 5,~~647~~617.6503 0.00 0.00 IV-A1 188,000,000.00 5.~~58179~~60164% 1412,~~391~~766,~~969~~154.7620 6659,~~944~~592.0979 0.00 0.00 IV-A2 74,000,000.00 5.~~37679~~39664% 5,~~664~~024,~~924~~975.2759 2522,~~382~~598.5830 0.00 0.00 IV-A3 40,000,000.00 5.~~27179~~29164% 32,~~062~~716,~~121~~203.2302 1311,~~452~~977.3863 0.00 0.00 IV-A4 81,000,000.00 5.~~80179~~82164% 65,~~200~~500,~~795~~311.4812 2926,~~979~~684.7501 0.00 0.00 IV-A5 1,056,000.00 5.~~80179~~82164% 8071,~~840~~707.0076 ~~390~~347.8588 0.00 0.00 IV-X 0.00 0.51078% 2926,~~400~~079,~~650~~351.7470 1211,~~514~~100.4472 0.00 0.00 V-A 80,038,800.00 6.~~11335~~11364% 6,~~546~~520,~~955~~073.3879 33,~~353~~217.1982 0.00 0.00 VI-A 248,618,300.00 5.~~94152~~93804% 2322,~~975~~606,~~281~~992.2919 ~~118~~111,~~707~~867.9069 0.00 0.00 VII-A 13,632,100.00 6.~~66945~~66903% ~~852~~851,~~877~~608.8621 4,~~740~~732.1984 0.00 0.00 B-1 13,774,900.00 5.~~83019~~84093% 6,~~485~~258,~~027~~306.3101 3130,~~507~~461.4395 0.00 0.00 B-2 8,442,700.00 5.~~83019~~84093% 3,~~974~~835,~~703~~744.2774 1918,~~311~~670.0527 0.00 0.00 B-3 4,443,400.00 5.~~83019~~84093% 2,~~091~~018,~~889~~755.6263 109,~~163~~826.4218 0.00 0.00 B-4 2,221,800.00 5.~~83019~~84093% 1,~~045~~009,~~991~~423.8925 54,~~081~~913.9431 0.00 0.00 B-5 2,221,900.00 5.~~83019~~84093% 1,~~046~~009,~~038~~468.9768 54,~~082~~913.1753 0.00 0.00 B-6 2,222,022.00 5.~~83019~~84093% 1996,~~032,593~~493.8662 54,~~016~~850.8538 0.00 0.00 Totals 888,703,522.00 ~~433~~406,~~430~~671.8359 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 0124.0036 0.00 37,~~680~~625.6028 0.00 11,~~538~~261,~~956~~504.2772 II-A 024.0087 0.00 87,~~474~~524.3573 0.00 1,~~891~~317,~~675~~339.6964 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 R-4 0.00 0.00 0.00 0.00 0.00 III-A 018.0050 0.00 5,~~647~~598.6552 0.00 1,~~336~~328,~~393~~231.1741 IV-A1 0196.0032 0.00 6659,~~944~~396.1047 0.00 1311,~~413~~251,~~792~~011.9618 IV-A2 074.0045 0.00 2522,~~382~~523.5885 0.00 54,~~279~~428,~~897~~589.2351 IV-A3 039.0046 0.00 1311,~~452~~938.3817 0.00 2,~~853~~393,~~998~~832.5017 IV-A4 087.0091 0.00 2926,~~979~~596.7510 0.00 54,~~779~~847,~~346~~510.9714 IV-A5 01.0015 0.00 ~~390~~346.8573 0.00 7563,~~345~~197.5617 IV-X 036.0057 0.00 1211,~~514~~064.4415 0.00 2722,~~402~~984,~~381~~140.2216 V-A 0109.0043 0.00 33,~~353~~108.1939 0.00 6,~~533~~506,~~549~~527.8775 VI-A 0368.0053 0.00 ~~118~~111,~~707~~499.9015 0.00 22,~~933~~439,~~828~~912.3634 VII-A 015.0059 0.00 4,~~740~~717.1924 0.00 ~~852~~850,~~237~~959.3394 B-1 0100.0035 0.00 3130,~~507~~361.4360 0.00 6,~~356~~070,~~954~~716.1013 B-2 061.0051 0.00 1918,~~311~~608.0576 0.00 3,~~896~~720,~~206~~770.6003 B-3 032.0037 0.00 109,~~163~~793.4281 0.00 21,~~050~~958,~~576~~244.7635 B-4 016.0019 0.00 54,~~081~~897.9412 0.00 1979,~~025,334~~166.5324 B-5 016.0019 0.00 54,~~082~~897.1734 0.00 1979,~~025,380~~210.6832 B-6 015.0098 0.00 54,~~016~~834.8540 0.00 1966,~~012,201~~624.1018 Totals 01,339.0073 0.00 ~~433~~405,~~430~~331.8481 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 35,180,200.00 34.~~90811~~00831% ~~328~~321.~~87730399~~24341533 1.~~07107407~~07303682 0.00000000 0.00000000 II-A 74,454,400.00 5.~~36850~~36800% 2522.~~44157941~~66744007 0.~~11381933~~10139911 0.00000000 0.00000000 R-1 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 5.~~05812~~05693% 6968.~~07632599~~71809474 0.~~29116401~~28958540 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~58179~~60164% 7667.~~55303064~~90507553 0.~~35608559~~31698293 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~37679~~39664% 7667.~~55303068~~90507554 0.~~34300784~~30538243 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~27179~~29164% 7667.~~55303075~~90507550 0.~~33630950~~29944075 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~80179~~82164% 7667.~~55303062~~90507556 0.~~37012037~~32943222 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~80179~~82164% 7667.~~55303030~~90507576 0.~~37012311~~32943182 0.00000000 0.00000000 IV-X 0.00 0.51078% 7667.~~55303065~~90507556 0.~~03258494~~02890391 0.00000000 0.00000000 V-A 80,038,800.00 6.~~11335~~11364% 81.~~79727057~~46141359 0.~~41671277~~41502146 0.00000000 0.00000000 VI-A 248,618,300.00 5.~~94152~~93804% 9690.~~43409713~~93052358 0.~~47747048~~44995759 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~66945~~66903% 62.~~56393806~~47080127 0.~~34772265~~34718349 0.00000000 0.00000000 B-1 13,774,900.00 5.~~83019~~84093% ~~470~~454.~~78579953~~32678350 2.~~28730735~~21140988 0.00000000 0.00000000 B-2 8,442,700.00 5.~~83019~~84093% ~~470~~454.~~78579957~~32678409 2.~~28730738~~21140986 0.00000000 0.00000000 B-3 4,443,400.00 5.~~83019~~84093% ~~470~~454.~~78579916~~32678354 2.~~28730702~~21141018 0.00000000 0.00000000 B-4 2,221,800.00 5.~~83019~~84093% ~~470~~454.~~78579980~~32678459 2.~~28730759~~21140967 0.00000000 0.00000000 B-5 2,221,900.00 5.~~83019~~84093% ~~470~~454.~~78580044~~32678338 2.~~28730816~~21140915 0.00000000 0.00000000 B-6 2,222,022.00 5.~~83019~~84093% ~~464~~448.~~70910729~~46253547 2.~~25778593~~18286768 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~~00353494 0.00000000 1.~~07107407~~06950159 0.00000000 ~~327~~320.~~99575528~~10917277 II-A 0.~~00000000~~00033403 0.00000000 0.~~11381933~~10106495 0.00000000 2517.~~40717124~~69324096 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 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.~~00000000~~00095377 0.00000000 0.~~29116401~~28863111 0.00000000 68.~~89761043~~47683175 IV-A1 0.~~00000000~~00104426 0.00000000 0.~~35608564~~31593867 0.00000000 7159.~~34996255~~84580415 IV-A2 0.~~00000000~~00100608 0.00000000 0.~~34300784~~30437635 0.00000000 7159.~~34996257~~84580419 IV-A3 0.~~00000000~~00098650 0.00000000 0.~~33630950~~29845425 0.00000000 7159.~~34996250~~84580425 IV-A4 0.~~00000000~~00108531 0.00000000 0.~~37012037~~32834691 0.00000000 7159.~~34996259~~84580420 IV-A5 0.~~00000000~~00108902 0.00000000 0.~~37012311~~32834280 0.00000000 7159.~~34996212~~84580492 IV-X 0.~~00000000~~00009522 0.00000000 0.~~03258494~~02880869 0.00000000 7159.~~34996256~~84580415 V-A 0.~~00000000~~00136721 0.00000000 0.~~41671277~~41365425 0.00000000 81.~~62978293~~29217017 VI-A 0.~~00000000~~00148231 0.00000000 0.~~47747048~~44847523 0.00000000 9290.~~24513385~~25848998 VII-A 0.~~00000000~~00114362 0.00000000 0.~~34772265~~34603913 0.00000000 62.~~51695117~~42324660 B-1 0.~~00000000~~00728499 0.00000000 2.~~28730735~~20412489 0.00000000 ~~461~~440.~~48822133~~70854453 B-2 0.~~00000000~~00728558 0.00000000 2.~~28730738~~20412427 0.00000000 ~~461~~440.~~48822059~~70854466 B-3 0.~~00000000~~00728496 0.00000000 2.~~28730702~~20412522 0.00000000 ~~461~~440.~~48822073~~70854526 B-4 0.~~00000000~~00728688 0.00000000 2.~~28730759~~20412278 0.00000000 ~~461~~440.~~48822126~~70854262 B-5 0.~~00000000~~00728656 0.00000000 2.~~28730816~~20412260 0.00000000 ~~461~~440.~~48822179~~70854674 B-6 0.~~00000000~~00719165 0.00000000 2.~~25778593~~17567603 0.00000000 ~~455~~435.~~53153839~~02007631 (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 34,~~864~~575,~~531~~008.3321 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 911,~~092~~454.2160 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(1,169~~0.~~57)~~00 Prepayment Penalties 0.00 Total Deposits 34,~~872~~586,~~453~~462.9781 Withdrawals Reimbursement for Servicer Advances 1311,~~314~~377.4474 Payment of Service Fee 2624,~~476~~873.9624 Payment of Interest and Principal 34,~~832~~550,~~662~~211.5783 Total Withdrawals (Pool Distribution Amount) 34,~~872~~586,~~453~~462.9781 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 01,339.0073

SERVICING FEES Gross Servicing Fee 2624,~~476~~873.9624 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2624,~~476~~873.9624

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 24 0 0 0 24 ~~263~~1,~~492~~171,536.2263 0.00 0.00 0.00 ~~263~~1,~~492~~171,536.2263 60 Days 21 0 0 0 21 ~~628~~326,~~456~~979.0833 0.00 0.00 0.00 ~~628~~326,~~456~~979.0833 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 10 1 0 21 0.00 ~~252,974~~0.9100 396,174.42 0.00 ~~649~~396,~~149~~174.3342 Totals 45 10 1 0 6 ~~891~~1,~~948~~498,515.3096 ~~252,974~~0.9100 396,174.42 0.00 1,~~541~~894,~~097~~690.6338 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 01.~~881057~~886792% 0.000000% 0.000000% 0.000000% 01.~~881057~~886792% 01.~~299560~~438239% 0.000000% 0.000000% 0.000000% 01.~~299560~~438239% 60 Days 0.~~881057~~471698% 0.000000% 0.000000% 0.000000% 0.~~881057~~471698% 0.~~714481~~401417% 0.000000% 0.000000% 0.000000% 0.~~714481~~401417% 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.~~440529~~000000% 0.~~440529~~471698% 0.000000% 0.~~881057~~471698% 0.000000% 0.~~287603~~000000% 0.~~450404~~486364% 0.000000% 0.~~738007~~486364% Totals 12.~~762115~~358491% 0.~~440529~~000000% 0.~~440529~~471698% 0.000000% 2.~~643172~~830189% 1.~~014041~~839655% 0.~~287603~~000000% 0.~~450404~~486364% 0.000000% 12.~~752048~~326019%

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 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 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 10 0 0 10 0.00 ~~252,974~~0.9100 0.00 0.00 ~~252,974~~0.9100 Totals 0 10 0 0 10 0.00 ~~252,974~~0.9100 0.00 0.00 ~~252,974~~0.9100 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% 120.~~500000~~000000% 0.000000% 0.000000% 120.~~500000~~000000% 0.000000% 80.~~304032~~000000% 0.000000% 0.000000% 80.~~304032~~000000% Totals 0.000000% 120.~~500000~~000000% 0.000000% 0.000000% 120.~~500000~~000000% 0.000000% 80.~~304032~~000000% 0.000000% 0.000000% 80.~~304032~~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 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 0 1 0.00 0.00 396,174.42 0.00 396,174.42 Totals 0 0 1 0 1 0.00 0.00 396,174.42 0.00 396,174.42 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% 20.000000% 0.000000% 20.000000% 0.000000% 0.000000% 24.~~032241~~168303% 0.000000% 24.~~032241~~168303% Totals 0.000000% 0.000000% 20.000000% 0.000000% 20.000000% 0.000000% 0.000000% 24.~~032241~~168303% 0.000000% 24.~~032241~~168303% 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 10 0 0 0 10 ~~137,582~~0.2200 0.00 0.00 0.00 ~~137,582~~0.2200 60 Days 21 0 0 0 21 ~~628~~326,~~456~~979.0833 0.00 0.00 0.00 ~~628~~326,~~456~~979.0833 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 31 0 0 0 31 ~~766~~326,~~038~~979.3033 0.00 0.00 0.00 ~~766~~326,~~038~~979.3033 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~098901~~000000% 0.000000% 0.000000% 0.000000% 10.~~098901~~000000% 0.~~406209~~000000% 0.000000% 0.000000% 0.000000% 0.~~406209~~000000% 60 Days 21.~~197802~~250000% 0.000000% 0.000000% 0.000000% 21.~~197802~~250000% 1.~~855506~~128836% 0.000000% 0.000000% 0.000000% 1.~~855506~~128836% 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 31.~~296703~~250000% 0.000000% 0.000000% 0.000000% 31.~~296703~~250000% 21.~~261715~~128836% 0.000000% 0.000000% 0.000000% 21.~~261715~~128836% 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 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 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 14 0 0 0 14 ~~125~~1,~~910~~171,536.0063 0.00 0.00 0.00 ~~125~~1,~~910~~171,536.0063 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 14 0 0 0 14 ~~125~~1,~~910~~171,536.0063 0.00 0.00 0.00 ~~125~~1,~~910~~171,536.0063 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 15.~~351351~~555556% 0.000000% 0.000000% 0.000000% 15.~~351351~~555556% 04.~~457092~~338422% 0.000000% 0.000000% 0.000000% 04.~~457092~~338422% 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 15.~~351351~~555556% 0.000000% 0.000000% 0.000000% 15.~~351351~~555556% 04.~~457092~~338422% 0.000000% 0.000000% 0.000000% 04.~~457092~~338422% 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 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 911,~~092~~454.2160

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% 7670,~~316~~101,~~719~~842.4150 86.~~86600930~~15899532% 13.~~133991~~841005% 0.000000% Class 2A 779,068,922.00 87.66353484% 7468,~~425~~784,~~043~~502.7286 84.~~71284655~~53991292% 21.~~153163~~619082% 128.~~310264~~976925% Class R-I 779,068,872.00 87.66352922% 7468,~~425~~784,~~043~~502.7286 84.~~71284655~~53991292% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% 7468,~~425~~784,~~043~~502.7286 84.~~71284655~~53991292% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% 7468,~~425~~784,~~043~~502.7286 84.~~71284655~~53991292% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% 7468,~~425~~784,~~043~~502.7286 84.~~71284655~~53991292% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% 7367,~~088~~456,~~650~~271.5545 8382.~~19172323~~90744393% 1.~~521123~~632469% 89.~~696709~~051146% Class V-A 295,577,122.00 33.25936204% 3937,~~152~~965,~~719~~603.4653 4446.~~56481514~~66180146% 7.~~436685~~996878% 4244.~~517714~~338309% Class B-1 19,551,822.00 2.20003877% 98,~~009~~604,~~699~~015.6712 10.~~25511397~~57480477% 7.~~235678~~461242% 41.368500% Class B-2 11,109,122.00 1.25003690% 54,~~113~~883,~~493~~245.0709 56.~~82033321~~00177507% 4.~~434781~~573030% 25.354945% Class B-3 6,665,722.00 0.75005014% 32,~~062~~925,~~916~~000.3174 3.~~48630443~~59498575% 2.~~334029~~406789% 13.344329% Class B-4 4,443,922.00 0.50004550% 21,~~037~~945,~~581~~834.7850 2.~~31923750~~39153694% 1.~~167067~~203449% 6.672465% Class B-5 2,222,022.00 0.25002962% 1966,~~012,201~~624.1018 1.~~15211805~~18803394% 1.~~167119~~203503% 6.672765% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.~~152118~~188034% 6.~~586998~~586997% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~047700~~056187% Weighted Average Net Coupon 5.~~699533~~707122% Weighted Average Pass-Through Rate 5.~~699533~~707122% Weighted Average Maturity (Stepdown Calculation ) ~~325~~323 Beginning Scheduled Collateral Loan Count ~~237~~220 Number Of Loans Paid In Full 108 Ending Scheduled Collateral Loan Count ~~227~~212 Beginning Scheduled Collateral Balance 9185,~~256~~508,~~076~~227.7421 Ending Scheduled Collateral Balance 8781,~~855~~363,~~675~~347.6819 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 8781,~~959~~456,~~772~~346.5798 Monthly P &I Constant ~~575~~543,~~767~~743.7569 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~1,169~~0.5700 Cumulative Realized Loss 15,095.12 Class A Optimal Amount 34,~~448~~024,~~077~~455.8529 Ending Scheduled Balance for Premium Loans 8781,~~855~~363,~~675~~347.6819 Scheduled Principal ~~115~~112,~~859~~198.9788 Unscheduled Principal 34,~~284~~032,~~541~~681.0914

Miscellaneous Reporting Average Loss Severity ~~1,169~~0.5700 Senior Percentage 1 91.~~820641~~748027% Senior Percentage 2 6260.~~224933~~541388% Senior Percentage 3 81.~~441994~~426456% Senior Percentage 4 8180.~~572267~~562528% Senior Percentage 5 79.~~902871~~894833% Senior Percentage 6 83.~~652040~~219015% Senior Percentage 7 79.~~761647~~761486% Senior Prep Percentage 1 95.~~910321~~874013% Senior Prep Percentage 2 8180.~~112467~~270694% Senior Prep Percentage 3 90.~~720997~~713228% Senior Prep Percentage 4 90.~~786134~~281264% Senior Prep Percentage 5 89.~~951436~~947416% Senior Prep Percentage 6 91.~~826020~~609508% Senior Prep Percentage 7 89.~~880824~~880743% Subordinate Percentage 1 8.~~179359~~251973% Subordinate Percentage 2 3739.~~775067~~458612% Subordinate Percentage 3 18.~~558006~~573544% Subordinate Percentage 4 1819.~~427733~~437472% Subordinate Percentage 5 20.~~097129~~105167% Subordinate Percentage 6 16.~~347960~~780985% Subordinate Percentage 7 20.~~238353~~238514% Subordinate Prep Percentage 1 4.~~089679~~125987% Subordinate Prep Percentage 2 1819.~~887533~~729306% Subordinate Prep Percentage 3 919.~~279003~~729306% Subordinate Prep Percentage 4 9.~~213866~~286772% Subordinate Prep Percentage 5 109.~~048564~~718736% Subordinate Prep Percentage 6 810.~~17398~~052584% Subordinate Prep Percentage 7 108.~~119176~~390492%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~283110~~383313 5.~~618503~~618002 5.~~433124~~431926 Weighted Average Net Rate 34.~~908111~~008312 5.~~368504~~368004 5.~~058121~~056931 Weighted Average Maturity ~~287~~285 ~~329~~327 ~~313~~311 Beginning Loan Count 34 87 5 Loans Paid In Full 0 01 0 Ending Loan Count 34 86 5 Beginning Scheduled Balance 12,~~600~~317,~~619~~875.1838 32,~~044~~787,~~177~~664.6928 1,~~645~~636,~~170~~950.5394 Ending scheduled Balance 12,~~566~~274,~~917~~851.1064 32,~~040~~325,~~086~~371.5466 1,~~641~~631,~~070~~508.4284 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 77,~~024~~609.1945 1816,~~258~~773.9070 10,176.83 Scheduled Principal 32,~~049~~615.3220 43,~~005~~722.8078 2,~~728~~767.1500 Unscheduled Principal 110,~~652~~408.7654 85458,569.3584 12,~~371~~675.9610 Scheduled Interest 44,~~974~~994.8725 1413,~~253~~050.1092 7,~~448~~409.6883 Servicing Fees 3,~~937~~849.6934 ~~634~~580.2076 ~~514~~511.1254 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 41,~~037~~144.1891 1312,~~618~~470.9016 6,~~934~~898.5629 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 34.~~908110~~008313 5.~~368503~~368002 5.~~058124~~056926

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~385406~~404892 6.~~488350~~488640 6.~~316515~~313040 Weighted Average Net Rate 6.~~067787~~087635 6.~~113350~~113641 5.~~941514~~938040 Weighted Average Maturity ~~327~~325 ~~321~~319 ~~330~~328 Beginning Loan Count 9786 12 7873 Loans Paid In Full 6 0 41 Ending Loan Count 9180 12 7472 Beginning Scheduled Balance 3632,~~042~~371,~~458~~565.6878 8,~~193~~160,~~642~~820.1840 2827,~~660~~165,~~725~~656.3292 Ending scheduled Balance 3328,~~837~~939,~~456~~342.5818 8,~~177~~144,~~275~~276.7379 2726,~~524~~981,~~387~~113.0517 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~230~~208,~~497~~209.6195 57,402.48 ~~175~~166,~~346~~510.7832 Scheduled Principal 3835,~~709~~429.4962 13,~~099~~275.8029 2423,~~483~~595.5442 Unscheduled Principal 23,~~166~~396,~~292~~793.6198 3,~~266~~268.6532 1160,~~111,854~~948.7333 Scheduled Interest ~~191~~172,~~788~~780.1233 44,~~302~~127.6819 ~~150~~142,~~863~~914.2490 Servicing Fees 98,~~539~~558.8142 2,~~560~~550.5125 8,~~956~~489.4827 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 ~~182~~164,~~248~~221.3191 41,~~742~~576.1794 ~~141~~134,~~906~~425.7663 Realized Loss Amount 0.00 0.00 ~~1,169~~0.5700 Cumulative Realized Loss 0.00 0.00 15,095.12 Percentage of Cumulative Losses 0.0000 0.0000 0.0058 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~067787~~087636 6.~~113350~~113640 5.~~941515~~938040

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~044446~~044033 6.~~047700~~056187 Weighted Average Net Rate 6.~~669448~~669026 5.~~699533~~707122 Weighted Average Maturity ~~325~~323.00 ~~325~~323.00 Record Date 0810/31/2004 0810/31/2004 Principal And Interest Constant 7,060.96 ~~575~~543,~~767~~743.7569 Beginning Loan Count 3 ~~237~~220 Loans Paid In Full 0 108 Ending Loan Count 3 ~~227~~212 Beginning Scheduled Balance 1,~~069~~067,~~283~~693.1651 9185,~~256~~508,~~076~~227.7421 Ending Scheduled Balance 1,~~068~~066,~~482~~882.2691 8781,~~855~~363,~~675~~347.6819 Scheduled Principal ~~783~~793.8757 ~~115~~112,~~859~~198.9788 Unscheduled Principal 17.03 34,~~284~~032,~~541~~681.0914 Scheduled Interest 6,~~277~~267.0939 ~~459~~431,~~907~~544.7881 Servicing Fee ~~334~~333.1566 2624,~~476~~873.9624 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 5,~~942~~933.9473 ~~433~~406,~~430~~671.8257 Realized Loss Amount 0.00 ~~1,169~~0.5700 Cumulative Realized Loss 0.00 15,095.12 Percentage of Cumulative Losses 0.0000 0.0017 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~669446~~669033 5.~~699533~~707122

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THRU CERT SERS 2002-5