8-K 1 bst03008_nov.txt NOVEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 26, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-05 54-2135818 Pooling and Servicing Agreement) (Commission 54-2135819 (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 2003-8 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 2003-8 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 2003-8 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-8 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: 2003-8 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MZQ8 SEN 4.~~32688~~30780% ~~121~~113,~~925~~646,~~893~~467.5288 ~~439~~407,~~632~~972.1200 5,~~039~~038,~~530~~968.7461 I-A-2 07384MZR6 SEN 4.~~32688~~30780% 7,~~789~~260,~~775~~808.8607 2826,~~087~~065.8510 321,~~972~~936.7583 II-A-1 07384MZS4 SEN 4.~~91833~~90871% ~~160~~150,~~335~~407,~~859~~529.4603 ~~657~~615,~~153~~256.5933 4,~~780~~982,~~981~~831.8586 II-A-2 07384MZT2 SEN 4.~~91833~~90871% 109,~~243~~609,~~634~~327.8261 4139,~~984~~307.6387 ~~305~~318,~~450~~346.2719 III-A 07384MZU9 SEN 5.~~21589~~17494% 3834,~~388~~823,~~804~~139.3067 ~~166~~150,~~859~~172.8992 31877,~~243~~618.0944 IV-A-1 07384MZV7 SEN 4.~~78195~~77756% ~~163~~149,~~178~~383,~~641~~230.6961 ~~650~~594,~~259~~739.5223 74,~~412~~954,~~665~~907.5298 IV-A-2 07384MZW5 SEN 4.~~78195~~77756% 109,~~425~~543,~~334~~957.1293 4137,~~544~~997.4935 ~~473~~316,~~588~~564.4254 V-A 07384MZX3 SEN 4.~~40096~~40120% 3837,~~000~~915,~~384~~191.9788 139,~~365~~060.2519 43502,~~096~~072.2689 R-I 07384MZY1 SEN 4.~~39002~~38728% 0.00 0.00 0.00 R-II 07384MZZ8 SEN 4.~~39002~~38728% 0.00 0.00 0.00 B-1 07384MA28 SUB 4.~~72680~~71487% 15,~~807~~783,~~180~~029.8742 62,~~264~~012.5147 12,~~015~~192.5449 B-2 07384MA36 SUB 4.~~72680~~71487% 6,~~168~~159,~~634~~209.1422 24,~~298~~199.2690 4,~~688~~758.9803 B-3 07384MA44 SUB 4.~~72680~~71487% 4,~~626~~619,~~550~~481.1131 18,~~223~~150.9922 3,~~516~~568.7958 B-4 07384MA51 SUB 4.~~72680~~71487% 1,~~927~~924,~~530~~585.5350 7,~~592~~561.5581 1,~~465~~486.1875 B-5 07384MA69 SUB 4.~~72680~~71487% 2,~~313~~309,~~275~~740.0665 9,~~111~~075.9911 1,~~758~~784.3929 B-6 07384MA77 SUB 4.~~72680~~71487% 1,~~928~~925,~~005~~059.5377 7,~~594~~563.4267 1,~~465~~487.5412 Totals ~~583~~545,~~059~~310,~~504~~758.9855 2,~~293~~139,~~973~~134.0617 1817,~~433~~338,~~439~~524.3260

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~116~~108,~~886~~607,~~362~~499.7927 5,~~479~~446,~~162~~940.8661 0.00 I-A-2 0.00 76,~~467~~938,~~803~~871.1124 ~~350~~348,~~060~~001.6093 0.00 II-A-1 0.00 ~~155~~145,~~554~~424,~~877~~697.6217 5,~~438~~598,~~135~~088.4419 0.00 II-A-2 0.00 9,~~938~~290,~~184~~981.5442 ~~347~~357,~~434~~654.9006 0.00 III-A 0.00 3833,~~357~~945,~~561~~521.2122 ~~198~~1,~~102~~027,791.9836 0.00 IV-A-1 0.00 ~~155~~144,~~765~~428,~~976~~322.1764 85,~~062~~549,~~925~~647.0421 0.00 IV-A-2 0.00 9,~~951~~227,~~745~~393.7039 ~~515~~354,~~132~~561.9189 0.00 V-A 0.00 37,~~957~~413,~~288~~118.7199 ~~182~~641,~~461~~133.5108 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 15,~~795~~770,~~165~~836.3394 74,~~280~~204.0596 0.00 B-2 0.00 6,~~163~~154,~~945~~451.1720 28,~~987~~957.2493 0.00 B-3 0.00 4,~~623~~615,~~033~~912.3273 21,~~740~~718.7880 0.00 B-4 0.00 1,~~926~~923,~~065~~098.3574 9,~~057~~048.7356 0.00 B-5 0.00 2,~~311~~307,~~516~~956.6637 10,~~870~~859.3840 0.00 B-6 0.00 1,~~926~~923,~~539~~572.9965 9,~~059~~050.9679 0.00 Totals 0.00 ~~564~~527,~~626~~972,~~065~~233.6797 2019,~~727~~477,~~412~~658.3877 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 166,273,200.00 ~~121~~113,~~925~~646,~~893~~467.5288 5553,~~420~~587.0429 4,~~984~~985,~~110~~381.7032 0.00 0.00 I-A-2 10,623,100.00 7,~~789~~260,~~775~~808.8607 3,~~540~~423.7566 318,~~431~~513.9917 0.00 0.00 II-A-1 224,194,900.00 ~~160~~150,~~335~~407,~~859~~529.4603 ~~117~~112,~~764~~889.8370 4,~~663~~869,~~217~~942.0216 0.00 0.00 II-A-2 14,323,500.00 109,~~243~~609,~~634~~327.8261 7,~~523~~212.8337 ~~297~~311,~~926~~133.4482 0.00 0.00 III-A 51,525,800.00 3834,~~388~~823,~~804~~139.3067 2321,~~452~~373.9745 7856,~~790~~244.1299 0.00 0.00 IV-A-1 222,318,100.00 ~~163~~149,~~178~~383,~~641~~230.6961 ~~178~~165,~~838~~047.0645 74,~~233~~789,~~827~~860.4652 0.00 0.00 IV-A-2 14,203,700.00 109,~~425~~543,~~334~~957.1293 1110,~~425~~544.8073 ~~462~~306,~~162~~019.6281 0.00 0.00 V-A 39,738,800.00 3837,~~000~~915,~~384~~191.9788 18,~~224~~373.8465 24483,~~871~~699.4224 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 15,911,900.00 15,~~807~~783,~~180~~029.8742 12,~~015~~192.5449 0.00 0.00 0.00 B-2 6,209,500.00 6,~~168~~159,~~634~~209.1422 4,~~688~~758.9803 0.00 0.00 0.00 B-3 4,657,200.00 4,~~626~~619,~~550~~481.1131 3,~~516~~568.7958 0.00 0.00 0.00 B-4 1,940,300.00 1,~~927~~924,~~530~~585.5350 1,~~465~~486.1875 0.00 0.00 0.00 B-5 2,328,600.00 2,~~313~~309,~~275~~740.0665 1,~~758~~784.3929 0.00 0.00 0.00 B-6 1,940,777.96 1,~~928~~925,~~005~~059.5377 1,~~465~~487.5412 0.00 0.00 0.00 Totals 776,189,477.96 ~~583~~545,~~059~~310,~~504~~758.9855 ~~441~~417,~~101~~729.5456 1716,~~992~~920,~~337~~795.7703 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 5,~~039~~038,~~530~~968.7461 ~~116~~108,~~886~~607,~~362~~499.7927 0.~~70297777~~65318704 5,~~039~~038,~~530~~968.7461 I-A-2 321,~~972~~936.7583 76,~~467~~938,~~803~~871.1124 0.~~70297777~~65318704 321,~~972~~936.7583 II-A-1 4,~~780~~982,~~981~~831.8586 ~~155~~145,~~554~~424,~~877~~697.6217 0.~~69383772~~64865301 4,~~780~~982,~~981~~831.8586 II-A-2 ~~305~~318,~~450~~346.2719 9,~~938~~290,~~184~~981.5442 0.~~69383772~~64865301 ~~305~~318,~~450~~346.2719 III-A 31877,~~243~~618.0944 3833,~~357~~945,~~561~~521.2122 0.~~74443407~~65880629 31877,~~243~~618.0944 IV-A-1 74,~~412~~954,~~665~~907.5298 ~~155~~144,~~765~~428,~~976~~322.1764 0.~~70064460~~64964716 74,~~412~~954,~~665~~907.5298 IV-A-2 ~~473~~316,~~588~~564.4254 9,~~951~~227,~~745~~393.7039 0.~~70064460~~64964716 ~~473~~316,~~588~~564.4254 V-A 43502,~~096~~072.2689 37,~~957~~413,~~288~~118.7199 0.~~95516947~~94147581 43502,~~096~~072.2689 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 12,~~015~~192.5449 15,~~795~~770,~~165~~836.3394 0.~~99266369~~99113474 12,~~015~~192.5449 B-2 4,~~688~~758.9803 6,~~163~~154,~~945~~451.1720 0.~~99266369~~99113475 4,~~688~~758.9803 B-3 3,~~516~~568.7958 4,~~623~~615,~~033~~912.3273 0.~~99266369~~99113474 3,~~516~~568.7958 B-4 1,~~465~~486.1875 1,~~926~~923,~~065~~098.3574 0.~~99266369~~99113474 1,~~465~~486.1875 B-5 1,~~758~~784.3929 2,~~311~~307,~~516~~956.6637 0.~~99266369~~99113475 1,~~758~~784.3929 B-6 1,~~465~~487.5412 1,~~926~~923,~~539~~572.9965 0.~~99266378~~99113484 1,~~465~~487.5412 Totals 1817,~~433~~338,~~439~~524.3260 ~~564~~527,~~626~~972,~~065~~233.6797 0.~~72743329~~68021050 1817,~~433~~338,~~439~~524.3260

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 166,273,200.00 ~~733~~683.~~28650390~~49239613 0.~~33330711~~32228459 29.~~97543020~~98307196 0.00000000 I-A-2 10,623,100.00 ~~733~~683.~~28650394~~49239582 0.~~33330666~~32228446 29.~~97542996~~98307180 0.00000000 II-A-1 224,194,900.00 ~~715~~670.~~16283136~~87845901 0.~~52527881~~50353376 2021.~~79983541~~72191321 0.00000000 II-A-2 14,323,500.00 ~~715~~670.~~16283171~~87845918 0.~~52527874~~50353405 2021.~~79983524~~72191294 0.00000000 III-A 51,525,800.00 ~~745~~675.~~04043217~~83889372 0.~~45516945~~41481064 016.~~15118872~~61779128 0.00000000 IV-A-1 222,318,100.00 ~~733~~671.~~98720882~~93463155 0.~~80442420~~74239322 3221.~~53818497~~54507672 0.00000000 IV-A-2 14,203,700.00 ~~733~~671.~~98720897~~93463182 0.~~80442420~~74239318 3221.~~53818512~~54507699 0.00000000 V-A 39,738,800.00 ~~956~~954.~~25396263~~11013619 0.~~45861576~~46236046 012.~~62587245~~17196392 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 ~~993~~991.~~41881673~~90099360 0.~~75512918~~76624979 0.00000000 0.00000000 B-2 6,209,500.00 ~~993~~991.~~41881633~~90099364 0.~~75513004~~76625010 0.00000000 0.00000000 B-3 4,657,200.00 ~~993~~991.~~41881603~~90099416 0.~~75512969~~76625011 0.00000000 0.00000000 B-4 1,940,300.00 ~~993~~991.~~41881668~~90099469 0.~~75513065~~76624749 0.00000000 0.00000000 B-5 2,328,600.00 ~~993~~991.~~41881817~~90099201 0.~~75512754~~76625011 0.00000000 0.00000000 B-6 1,940,777.96 ~~993~~991.~~41891228~~90108795 0.~~75513017~~76624943 0.00000000 0.00000000 All Classes are per $1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 30.~~30873731~~30535655 ~~702~~653.~~97776665~~18703958 0.~~70297777~~65318704 30.~~30873731~~30535655 I-A-2 0.00000000 30.~~30873756~~30535625 ~~702~~653.~~97776638~~18703956 0.~~70297777~~65318704 30.~~30873756~~30535625 II-A-1 0.00000000 2122.~~32511422~~22544697 ~~693~~648.~~83771718~~65301204 0.~~69383772~~64865301 2122.~~32511422~~22544697 II-A-2 0.00000000 2122.~~32511397~~22544699 ~~693~~648.~~83771704~~65301218 0.~~69383772~~64865301 2122.~~32511397~~22544699 III-A 0.00000000 017.~~60635817~~03260192 ~~744~~658.~~43407400~~80629161 0.~~74443407~~65880629 017.~~60635817~~03260192 IV-A-1 0.00000000 3322.~~34260917~~28746998 ~~700~~649.~~64459965~~64716161 0.~~70064460~~64964716 3322.~~34260917~~28746998 IV-A-2 0.00000000 3322.~~34260932~~28747017 ~~700~~649.~~64459965~~64716166 0.~~70064460~~64964716 3322.~~34260932~~28747017 V-A 0.00000000 112.~~08448821~~63432439 ~~955~~941.~~16947442~~47581180 0.~~95516947~~94147581 112.~~08448821~~63432439 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~75512918~~76624979 ~~992~~991.~~66368755~~13474444 0.~~99266369~~99113474 0.~~75512918~~76624979 B-2 0.00000000 0.~~75513004~~76625010 ~~992~~991.~~66368790~~13474515 0.~~99266369~~99113475 0.~~75513004~~76625010 B-3 0.00000000 0.~~75512969~~76625011 ~~992~~991.~~66368634~~13474405 0.~~99266369~~99113474 0.~~75512969~~76625011 B-4 0.00000000 0.~~75513065~~76624749 ~~992~~991.~~66368603~~13474205 0.~~99266369~~99113474 0.~~75513065~~76624749 B-5 0.00000000 0.~~75512754~~76625011 ~~992~~991.~~66368634~~13474620 0.~~99266369~~99113475 0.~~75512754~~76625011 B-6 0.00000000 0.~~75513017~~76624943 ~~992~~991.~~66378211~~13483853 0.~~99266378~~99113484 0.~~75513017~~76624943 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 166,273,200.00 4.~~32688~~30780% ~~121~~113,~~925~~646,~~893~~467.5288 ~~439~~407,~~632~~972.1200 0.00 0.00 I-A-2 10,623,100.00 4.~~32688~~30780% 7,~~789~~260,~~775~~808.8607 2826,~~087~~065.8510 0.00 0.00 II-A-1 224,194,900.00 4.~~91833~~90871% ~~160~~150,~~335~~407,~~859~~529.4603 ~~657~~615,~~153~~256.5933 0.00 0.00 II-A-2 14,323,500.00 4.~~91833~~90871% 109,~~243~~609,~~634~~327.8261 4139,~~984~~307.6387 0.00 0.00 III-A 51,525,800.00 5.~~21589~~17494% 3834,~~388~~823,~~804~~139.3067 ~~166~~150,~~859~~172.8992 0.00 0.00 IV-A-1 222,318,100.00 4.~~78195~~77756% ~~163~~149,~~178~~383,~~641~~230.6961 ~~650~~594,~~259~~739.5223 0.00 0.00 IV-A-2 14,203,700.00 4.~~78195~~77756% 109,~~425~~543,~~334~~957.1293 4137,~~544~~997.4935 0.00 0.00 V-A 39,738,800.00 4.~~40096~~40120% 3837,~~000~~915,~~384~~191.9788 139,~~365~~060.2519 0.00 0.00 R-I 50.00 4.~~39002~~38728% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~39002~~38728% 0.00 0.00 0.00 0.00 B-1 15,911,900.00 4.~~72680~~71487% 15,~~807~~783,~~180~~029.8742 62,~~264~~012.5147 0.00 0.00 B-2 6,209,500.00 4.~~72680~~71487% 6,~~168~~159,~~634~~209.1422 24,~~298~~199.2690 0.00 0.00 B-3 4,657,200.00 4.~~72680~~71487% 4,~~626~~619,~~550~~481.1131 18,~~223~~150.9922 0.00 0.00 B-4 1,940,300.00 4.~~72680~~71487% 1,~~927~~924,~~530~~585.5350 7,~~592~~561.5581 0.00 0.00 B-5 2,328,600.00 4.~~72680~~71487% 2,~~313~~309,~~275~~740.0665 9,~~111~~075.9911 0.00 0.00 B-6 1,940,777.96 4.~~72680~~71487% 1,~~928~~925,~~005~~059.5377 7,~~594~~563.4267 0.00 0.00 Totals 776,189,477.96 2,~~293~~139,~~973~~134.0617 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 ~~439~~407,~~632~~972.1200 0.00 ~~116~~108,~~886~~607,~~362~~499.7927 I-A-2 0.00 0.00 2826,~~087~~065.8510 0.00 76,~~467~~938,~~803~~871.1124 II-A-1 0.00 0.00 ~~657~~615,~~153~~256.5933 0.00 ~~155~~145,~~554~~424,~~877~~697.6217 II-A-2 0.00 0.00 4139,~~984~~307.6387 0.00 9,~~938~~290,~~184~~981.5442 III-A 0.00 0.00 ~~166~~150,~~859~~172.8992 0.00 3833,~~357~~945,~~561~~521.2122 IV-A-1 0.00 0.00 ~~650~~594,~~259~~739.5223 0.00 ~~155~~144,~~765~~428,~~976~~322.1764 IV-A-2 0.00 0.00 4137,~~544~~997.4935 0.00 9,~~951~~227,~~745~~393.7039 V-A 0.00 0.00 139,~~365~~060.2519 0.00 37,~~957~~413,~~288~~118.7199 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 62,~~264~~012.5147 0.00 15,~~795~~770,~~165~~836.3394 B-2 0.00 0.00 24,~~298~~199.2690 0.00 6,~~163~~154,~~945~~451.1720 B-3 0.00 0.00 18,~~223~~150.9922 0.00 4,~~623~~615,~~033~~912.3273 B-4 0.00 0.00 7,~~592~~561.5581 0.00 1,~~926~~923,~~065~~098.3574 B-5 0.00 0.00 9,~~111~~075.9911 0.00 2,~~311~~307,~~516~~956.6637 B-6 0.00 0.00 7,~~594~~563.4267 0.00 1,~~926~~923,~~539~~572.9965 Totals 0.00 0.00 2,~~293~~139,~~973~~134.0617 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 166,273,200.00 4.~~32688~~30780% ~~733~~683.~~28650390~~49239613 2.~~64403476~~45362452 0.00000000 0.00000000 I-A-2 10,623,100.00 4.~~32688~~30780% ~~733~~683.~~28650394~~49239582 2.~~64403517~~45362465 0.00000000 0.00000000 II-A-1 224,194,900.00 4.~~91833~~90871% ~~715~~670.~~16283136~~87845901 2.~~93117100~~74429227 0.00000000 0.00000000 II-A-2 14,323,500.00 4.~~91833~~90871% ~~715~~670.~~16283171~~87845918 2.~~93117115~~74429225 0.00000000 0.00000000 III-A 51,525,800.00 5.~~21589~~17494% ~~745~~675.~~04043217~~83889372 32.~~23837553~~91451894 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.~~78195~~77756% ~~733~~671.~~98720882~~93463155 2.~~92490589~~67517233 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.~~78195~~77756% ~~733~~671.~~98720897~~93463182 2.~~92490619~~67517267 0.00000000 0.00000000 V-A 39,738,800.00 4.~~40096~~40120% ~~956~~954.~~25396263~~11013619 3.~~50703217~~49935554 0.00000000 0.00000000 R-I 50.00 4.~~39002~~38728% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~39002~~38728% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.~~72680~~71487% ~~993~~991.~~41881673~~90099360 3.~~91307826~~89723854 0.00000000 0.00000000 B-2 6,209,500.00 4.~~72680~~71487% ~~993~~991.~~41881633~~90099364 3.~~91307835~~89723810 0.00000000 0.00000000 B-3 4,657,200.00 4.~~72680~~71487% ~~993~~991.~~41881603~~90099416 3.~~91307867~~89723868 0.00000000 0.00000000 B-4 1,940,300.00 4.~~72680~~71487% ~~993~~991.~~41881668~~90099469 3.~~91308045~~89723754 0.00000000 0.00000000 B-5 2,328,600.00 4.~~72680~~71487% ~~993~~991.~~41881817~~90099201 3.~~91307653~~89723868 0.00000000 0.00000000 B-6 1,940,777.96 4.~~72680~~71487% ~~993~~991.~~41891228~~90108795 3.~~91308030~~89723614 0.00000000 0.00000000 All Classes are per $1,000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 2.~~64403476~~45362452 0.00000000 ~~702~~653.~~97776665~~18703958 I-A-2 0.00000000 0.00000000 2.~~64403517~~45362465 0.00000000 ~~702~~653.~~97776638~~18703956 II-A-1 0.00000000 0.00000000 2.~~93117100~~74429227 0.00000000 ~~693~~648.~~83771718~~65301204 II-A-2 0.00000000 0.00000000 2.~~93117115~~74429225 0.00000000 ~~693~~648.~~83771704~~65301218 III-A 0.00000000 0.00000000 32.~~23837553~~91451894 0.00000000 ~~744~~658.~~43407400~~80629161 IV-A-1 0.00000000 0.00000000 2.~~92490589~~67517233 0.00000000 ~~700~~649.~~64459965~~64716161 IV-A-2 0.00000000 0.00000000 2.~~92490619~~67517267 0.00000000 ~~700~~649.~~64459965~~64716166 V-A 0.00000000 0.00000000 3.~~50703217~~49935554 0.00000000 ~~955~~941.~~16947442~~47581180 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~91307826~~89723854 0.00000000 ~~992~~991.~~66368755~~13474444 B-2 0.00000000 0.00000000 3.~~91307835~~89723810 0.00000000 ~~992~~991.~~66368790~~13474515 B-3 0.00000000 0.00000000 3.~~91307867~~89723868 0.00000000 ~~992~~991.~~66368634~~13474405 B-4 0.00000000 0.00000000 3.~~91308045~~89723754 0.00000000 ~~992~~991.~~66368603~~13474205 B-5 0.00000000 0.00000000 3.~~91307653~~89723868 0.00000000 ~~992~~991.~~66368634~~13474620 B-6 0.00000000 0.00000000 3.~~91308030~~89723614 0.00000000 ~~992~~991.~~66378211~~13483853 (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 2019,~~857~~575,~~588~~407.1137 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3851,~~802~~381.3784 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2019,~~896~~626,~~390~~789.4821 Withdrawals Reimbursement for Servicer Advances 4028,~~287~~599.2480 Payment of Service Fee ~~128~~120,~~690~~530.8664 Payment of Interest and Principal 2019,~~727~~477,~~412~~658.3877 Total Withdrawals (Pool Distribution Amount) 2019,~~896~~626,~~390~~789.4821 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~125~~117,~~764~~860.6156 Miscellaneous Fee 2,~~926~~670.2508 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~128~~120,~~690~~530.8664

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 01 0 0 01 0100,520.0050 0.00 0.00 0100,520.0050 30 Days 1316 0 0 0 1316 58,~~892~~648,~~173~~157.7673 0.00 0.00 0.00 58,~~892~~648,~~173~~157.7673 60 Days 1 0 0 0 1 ~~986~~494,~~030~~502.0401 0.00 0.00 0.00 ~~986~~494,~~030~~502.0401 90 Days 1 0 0 0 1 ~~596~~515,~~911~~360.2644 0.00 0.00 0.00 ~~596~~515,~~911~~360.2644 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 0 0 01 0596,911.0026 0.00 0.00 0.00 0596,911.0026 180+ Days 0 0 0 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 1519 01 0 1 1621 710,~~475~~254,~~115~~931.0644 0100,520.0050 0.00 560,000.00 810,~~035~~915,~~115~~451.0694 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~~075758% 0.000000% 0.000000% 0.~~000000~~075758% 0.~~000000~~019027% 0.000000% 0.000000% 0.~~000000~~019027% 30 Days 01.~~923952~~212121% 0.000000% 0.000000% 0.000000% 01.~~923952~~212121% 1.~~042904~~636966% 0.000000% 0.000000% 0.000000% 1.~~042904~~636966% 60 Days 0.~~071073~~075758% 0.000000% 0.000000% 0.000000% 0.~~071073~~075758% 0.~~174525~~093602% 0.000000% 0.000000% 0.000000% 0.~~174525~~093602% 90 Days 0.~~071073~~075758% 0.000000% 0.000000% 0.000000% 0.~~071073~~075758% 0.~~105652~~097550% 0.000000% 0.000000% 0.000000% 0.~~105652~~097550% 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~~075758% 0.000000% 0.000000% 0.000000% 0.~~000000~~075758% 0.~~000000~~112986% 0.000000% 0.000000% 0.000000% 0.~~000000~~112986% 180+ Days 0.000000% 0.000000% 0.000000% 0.~~071073~~075758% 0.~~071073~~075758% 0.000000% 0.000000% 0.000000% 0.~~099119~~106000% 0.~~099119~~106000% Totals 1.~~066098~~439394% 0.~~000000~~075758% 0.000000% 0.~~071073~~075758% 1.~~137171~~590909% 1.~~323081~~941104% 0.~~000000~~019027% 0.000000% 0.~~099119~~106000% 12.~~422200~~066131%

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 56 0 0 0 56 2,~~649~~842,~~717~~775.9876 0.00 0.00 0.00 2,~~649~~842,~~717~~775.9876 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 ~~596~~515,~~911~~360.2644 0.00 0.00 0.00 ~~596~~515,~~911~~360.2644 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 0 0 01 0596,911.0026 0.00 0.00 0.00 0596,911.0026 180 Days 0 0 0 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 68 0 0 1 79 3,~~246~~955,~~629~~047.2446 0.00 0.00 560,000.00 34,~~806~~515,~~629~~047.2446 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~930502~~500000% 0.000000% 0.000000% 0.000000% 12.~~930502~~500000% 2.~~003987~~303608% 0.000000% 0.000000% 0.000000% 2.~~003987~~303608% 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.~~386100~~416667% 0.000000% 0.000000% 0.000000% 0.~~386100~~416667% 0.~~451445~~417616% 0.000000% 0.000000% 0.000000% 0.~~451445~~417616% 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~~416667% 0.000000% 0.000000% 0.000000% 0.~~000000~~416667% 0.~~000000~~483700% 0.000000% 0.000000% 0.000000% 0.~~000000~~483700% 180 Days 0.000000% 0.000000% 0.000000% 0.~~386100~~416667% 0.~~386100~~416667% 0.000000% 0.000000% 0.000000% 0.~~423529~~453789% 0.~~423529~~453789% Totals 23.~~316602~~333333% 0.000000% 0.000000% 0.~~386100~~416667% 23.~~702703~~750000% 23.~~455432~~204923% 0.000000% 0.000000% 0.~~423529~~453789% 23.~~878961~~658712% 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 47 0 0 0 47 24,~~020~~124,~~158~~198.9810 0.00 0.00 0.00 24,~~020~~124,~~158~~198.9810 60 Days 01 0 0 0 01 0494,502.0001 0.00 0.00 0.00 0494,502.0001 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 48 0 0 0 48 24,~~020~~618,~~158~~700.9811 0.00 0.00 0.00 24,~~020~~618,~~158~~700.9811 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~086957~~023121% 0.000000% 0.000000% 0.000000% 12.~~086957~~023121% 12.~~147098~~494779% 0.000000% 0.000000% 0.000000% 12.~~147098~~494779% 60 Days 0.~~000000~~289017% 0.000000% 0.000000% 0.000000% 0.~~000000~~289017% 0.~~000000~~299130% 0.000000% 0.000000% 0.000000% 0.~~000000~~299130% 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 12.~~086957~~312139% 0.000000% 0.000000% 0.000000% 12.~~086957~~312139% 12.~~147098~~793909% 0.000000% 0.000000% 0.000000% 12.~~147098~~793909% 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 01 0 0 0 01 0339,366.0007 0.00 0.00 0.00 0339,366.0007 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 01 0 0 0 01 0339,366.0007 0.00 0.00 0.00 0339,366.0007 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~149425% 0.000000% 0.000000% 0.000000% 01.~~000000~~149425% 0.~~000000~~936629% 0.000000% 0.000000% 0.000000% 0.~~000000~~936629% 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 01.~~000000~~149425% 0.000000% 0.000000% 0.000000% 01.~~000000~~149425% 0.~~000000~~936629% 0.000000% 0.000000% 0.000000% 0.~~000000~~936629% 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 01 0 0 01 0100,520.0050 0.00 0.00 0100,520.0050 30 Days 42 0 0 0 42 1,~~222~~341,~~296~~817.80 0.00 0.00 0.00 1,~~222~~341,~~296~~817.80 60 Days 10 0 0 0 10 ~~986,030~~0.0400 0.00 0.00 0.00 ~~986,030~~0.0400 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 52 01 0 0 53 21,~~208~~341,~~326~~817.8480 0100,520.0050 0.00 0.00 21,~~208~~442,~~326~~338.8430 0-29 Days 0.~~000000~~175131% 0.000000% 0.000000% 0.~~000000~~175131% 0.~~000000~~061229% 0.000000% 0.000000% 0.~~000000~~061229% 30 Days 0.~~658979~~350263% 0.000000% 0.000000% 0.000000% 0.~~658979~~350263% 0.~~693432~~817330% 0.000000% 0.000000% 0.000000% 0.~~693432~~817330% 60 Days 0.~~164745~~000000% 0.000000% 0.000000% 0.000000% 0.~~164745~~000000% 0.~~559393~~000000% 0.000000% 0.000000% 0.000000% 0.~~559393~~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.~~823723~~350263% 0.~~000000~~175131% 0.000000% 0.000000% 0.~~823723~~525394% 10.~~252825~~817330% 0.~~000000~~061229% 0.000000% 0.000000% 10.~~252825~~878559% 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3851,~~802~~381.3784

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 4.~~986106~~972573% Weighted Average Net Coupon 4.~~727269~~713212% Weighted Average Pass-Through Rate 4.~~721247~~707336% Weighted Average Maturity(Stepdown Calculation ) ~~349~~347 Beginning Scheduled Collateral Loan Count 1,~~454~~362 Number Of Loans Paid In Full 4742 Ending Scheduled Collateral Loan Count 1,~~407~~320 Beginning Scheduled Collateral Balance ~~583~~545,~~059~~310,~~504~~758.6826 Ending Scheduled Collateral Balance ~~564~~527,~~626~~972,~~065~~233.3767 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~564~~528,~~977~~304,~~757~~053.5989 Monthly P &I Constant 2,~~863~~677,~~765~~394.4436 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~564~~527,~~626~~972,~~065~~233.3767 Scheduled Principal ~~441~~417,~~101~~729.5456 Unscheduled Principal 1716,~~992~~920,~~337~~795.7703

Miscellaneous Reporting Senior Percentage Group 1 9493.~~312912~~929037% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 56.~~687088~~070963% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 9493.~~191264~~840021% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 56.~~808736~~159979% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 9493.~~406938~~876404% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 56.~~593062~~123596% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 9493.~~348605~~871427% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 56.~~651395~~128573% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.~~581505~~576085% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.~~418495~~423915% Subordinate Prepay Percentage Group 5 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 4.~~582615~~563927 5.~~177170~~166311 5.~~493405~~455071 Weighted Average Net Rate 4.~~332615~~313927 4.~~927170~~916311 5.~~220939~~180467 Weighted Average Maturity ~~350~~348 ~~350~~348 ~~350~~348 Beginning Loan Count ~~271~~251 ~~379~~357 9689 Loans Paid In Full 1211 11 02 Ending Loan Count ~~259~~240 ~~368~~346 9687 Beginning Scheduled Balance ~~137~~128,~~537~~721,~~558~~944.3144 ~~181~~170,~~099~~520,~~070~~917.7853 4037,~~663~~094,~~119~~669.6324 Ending scheduled Balance ~~132~~123,~~172~~357,~~499~~354.4818 ~~176~~165,~~004~~211,~~912~~855.1657 4036,~~630~~215,~~487~~656.0960 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~587~~550,~~750~~260.9145 ~~914~~862,~~332~~122.3271 ~~210~~191,~~991~~396.5902 Scheduled Principal 6260,~~516~~695.1477 ~~133~~127,~~015~~985.1698 2422,~~842~~767.4265 Unscheduled Principal 5,~~302~~303,~~542~~894.6949 45,~~961~~181,~~143~~075.4698 7856,~~790~~244.1299 Scheduled Interest ~~525~~489,~~234~~564.7768 ~~781~~734,~~317~~136.1673 ~~186~~168,~~149~~628.1737 Servicing Fees 2826,~~653~~817.6507 3735,~~728~~525.9720 98,~~232~~488.7961 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 657.5113 1,~~334~~079.3848 171.00 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 ~~495~~462,~~923~~090.6148 ~~742~~697,~~253~~532.8105 ~~176~~159,~~745~~968.3876 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 4.~~326879~~307801 4.~~918328~~908714 5.~~215892~~174935

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~044467~~040918 4.~~722678~~722924 4.~~986106~~972573 Weighted Average Net Rate 4.~~786924~~782963 4.~~400963~~401197 4.~~727269~~713212 Weighted Average Maturity ~~347~~345 ~~348~~346 ~~349~~347 Beginning Loan Count ~~631~~588 77 1,~~454~~362 Loans Paid In Full 2417 01 4742 Ending Loan Count ~~607~~571 7776 1,~~407~~320 Beginning Scheduled Balance ~~184~~169,~~002~~303,~~705~~058.6185 39,~~757~~670,~~050~~168.3520 ~~583~~545,~~059~~310,~~504~~758.6826 Ending scheduled Balance ~~176~~164,~~105~~020,~~055~~122.0447 39,~~713~~167,~~111~~244.6085 ~~564~~527,~~626~~972,~~065~~233.3767 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant ~~975~~898,~~156~~258.8542 175,~~533~~356.7776 2,~~863~~677,~~765~~394.4436 Scheduled Principal ~~201~~187,~~660~~056.4905 19,~~067~~224.3311 ~~441~~417,~~101~~729.5456 Unscheduled Principal 75,~~695~~095,~~990~~880.0833 24483,~~871~~699.4224 1716,~~992~~920,~~337~~795.7703 Scheduled Interest ~~773~~711,~~496~~202.3637 156,~~466~~132.4465 2,~~422~~259,~~663~~664.9080 Servicing Fees 3936,~~490~~393.5388 10,~~658~~635.6780 ~~125~~117,~~764~~860.6156 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 ~~763~~762.3647 0.00 2,~~926~~670.2508 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 ~~733~~674,~~242~~046.4702 145,~~807~~496.7785 2,~~293~~139,~~973~~134.0416 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 4.~~781946~~777558 4.~~400963~~401197 4.~~721247~~707336

Filing Compare · BEAR STEARNS ARM TRUST MORT PASS THR CERTS SER 2003-8