8-K 1 bsa04sd3_nov.txt NOVEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 26, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-11 54-2161181 Pooling and Servicing Agreement) (Commission 54-2161182 (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 ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2004-SD3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-SD3 Trust, relating to the November 26, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD3 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 Asset Backed Certificates, Series 2004-SD3 Trust, relating to the November 26, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 BSA Series: 2004-SD3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 073879GA0 SEN 12.~~87000~~16250% ~~101~~93,~~952~~528,~~000~~243.0059 ~~132~~179,~~396~~782.0007 4,~~259~~441,~~849~~914.9053 A-2 073879GJ1 SEN 2.~~03000~~32250% 50,355,000.00 70103,~~986~~955.5610 0.00 A-3 073879GK8 SEN 2.~~21000~~50250% 44,646,000.00 6899,~~519~~312.2155 0.00 A-4 073879GL6 SEN 2.~~04000~~33250% 2523,~~000~~930,~~000~~740.0028 3549,~~416~~616.6740 ~~540~~563,~~719~~829.0926 M-1 073879GB8 MEZ 2.~~33000~~62250% 9,227,000.00 1421,~~929~~509.8016 0.00 M-2 073879GC6 MEZ 23.~~89000~~18250% 8,230,000.00 1623,~~517~~281.1576 0.00 M-3 073879GD4 MEZ 5.50000% 6,733,000.00 30,859.58 0.00 B 073879GE2 SUB 5.50000% 3,242,000.00 14,859.17 0.00 B-IO 073879GH5 SUB 0.00000% 0.00 ~~934,455~~0.4200 0.00 OC BSA04SD3OC OC 0.00000% ~~455~~836,888.1282 0.00 0.00 R-1 073879GF9 RES 0.00000% 500.00 0.00 500.00 R-2 073879GG7 RES 0.00000% 500.00 0.00 500.00 Totals ~~249~~240,~~385~~728,~~555~~872.1269 1523,~~318,939~~175.5679 45,~~800~~005,~~668~~743.9979

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9789,~~692~~086,~~150~~329.1006 4,~~392~~621,~~245~~696.9060 0.00 A-2 0.00 50,355,000.00 70103,~~986~~955.5610 0.00 A-3 0.00 44,646,000.00 6899,~~519~~312.2155 0.00 A-4 0.00 2423,~~459~~366,~~280~~911.9102 ~~576~~613,~~135~~445.7666 0.00 M-1 0.00 9,227,000.00 1421,~~929~~509.8016 0.00 M-2 0.00 8,230,000.00 1623,~~517~~281.1576 0.00 M-3 0.00 6,733,000.00 30,859.58 0.00 B 0.00 3,242,000.00 14,859.17 0.00 B-IO 0.00 0.00 ~~934,455~~0.4200 0.00 OC 0.00 ~~454~~1,583,292.3887 0.00 0.00 R-1 0.00 0.00 500.00 0.00 R-2 0.00 0.00 500.00 0.00 Totals 0.00 ~~244~~236,~~584~~469,~~885~~532.3995 65,~~119~~528,~~608~~919.5558 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 101,952,000.00 ~~101~~93,~~952~~528,~~000~~243.0059 0.00 4,~~259~~441,~~849~~914.9053 0.00 0.00 A-2 50,355,000.00 50,355,000.00 0.00 0.00 0.00 0.00 A-3 44,646,000.00 44,646,000.00 0.00 0.00 0.00 0.00 A-4 25,000,000.00 2523,~~000~~930,~~000~~740.0028 0.00 ~~540~~563,~~719~~829.0926 0.00 0.00 M-1 9,227,000.00 9,227,000.00 0.00 0.00 0.00 0.00 M-2 8,230,000.00 8,230,000.00 0.00 0.00 0.00 0.00 M-3 6,733,000.00 6,733,000.00 0.00 0.00 0.00 0.00 B 3,242,000.00 3,242,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 OC 455.12 ~~455~~836,888.1282 0.00 0.00 0.00 0.00 R-1 50.00 500.00 0.00 500.00 0.00 0.00 R-2 50.00 500.00 0.00 500.00 0.00 0.00 Totals 249,385,555.12 ~~249~~240,~~385~~728,~~555~~872.1269 0.00 45,~~800~~005,~~668~~743.9979 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 4,~~259~~441,~~849~~914.9053 9789,~~692~~086,~~150~~329.1006 0.~~95821710~~87380659 4,~~259~~441,~~849~~914.9053 A-2 0.00 50,355,000.00 1.00000000 0.00 A-3 0.00 44,646,000.00 1.00000000 0.00 A-4 ~~540~~563,~~719~~829.0926 2423,~~459~~366,~~280~~911.9102 0.~~97837124~~93467644 ~~540~~563,~~719~~829.0926 M-1 0.00 9,227,000.00 1.00000000 0.00 M-2 0.00 8,230,000.00 1.00000000 0.00 M-3 0.00 6,733,000.00 1.00000000 0.00 B 0.00 3,242,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 OC 0.00 ~~454~~1,583,292.3887 03,478.~~99837406~~84705133 0.00 R-1 500.00 0.00 0.00000000 500.00 R-2 500.00 0.00 0.00000000 500.00 Totals 45,~~800~~005,~~668~~743.9979 ~~244~~236,~~584~~469,~~885~~532.3995 0.~~98075001~~94820862 45,~~800~~005,~~668~~743.9979

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 101,952,000.00 ~~1000~~917.~~00000000~~37527062 0.00000000 4143.~~78289685~~56868458 0.00000000 A-2 50,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 44,646,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 25,000,000.00 ~~1000~~957.~~00000000~~22961120 0.00000000 2122.~~62876360~~55317040 0.00000000 M-1 9,227,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 8,230,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,733,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 3,242,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 455.12 ~~1000~~1838831.~~00000000~~12146247 0.00000000 0.00000000 0.00000000 R-1 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 R-2 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~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 A-1 0.00000000 4143.~~78289685~~56868458 ~~958~~873.~~21710315~~80658604 0.~~95821710~~87380659 4143.~~78289685~~56868458 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 2122.~~62876360~~55317040 ~~978~~934.~~37123640~~67644080 0.~~97837124~~93467644 2122.~~62876360~~55317040 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 ~~998~~3,478,847.~~37405519~~05132712 03478.~~99837406~~84705133 0.00000000 R-1 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-2 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 101,952,000.00 12.~~87000~~16250% ~~101~~93,~~952~~528,~~000~~243.0059 ~~132~~179,~~396~~782.0007 0.00 0.00 A-2 50,355,000.00 2.~~03000~~32250% 50,355,000.00 70103,~~986~~955.5610 0.00 0.00 A-3 44,646,000.00 2.~~21000~~50250% 44,646,000.00 6899,~~519~~312.2155 0.00 0.00 A-4 25,000,000.00 2.~~04000~~33250% 2523,~~000~~930,~~000~~740.0028 3549,~~416~~616.6740 0.00 0.00 M-1 9,227,000.00 2.~~33000~~62250% 9,227,000.00 1421,~~929~~509.8016 0.00 0.00 M-2 8,230,000.00 23.~~89000~~18250% 8,230,000.00 1623,~~517~~281.1576 0.00 0.00 M-3 6,733,000.00 5.50000% 6,733,000.00 30,859.58 0.00 0.00 B 3,242,000.00 5.50000% 3,242,000.00 14,859.17 0.00 0.00 B-IO 0.00 0.00000% ~~249~~240,~~385~~728,~~455~~872.1269 0.00 0.00 0.00 OC 455.12 0.00000% ~~455~~836,888.1282 0.00 0.00 0.00 R-1 50.00 0.00000% 500.00 0.00 0.00 0.00 R-2 50.00 0.00000% 500.00 0.00 0.00 0.00 Totals 249,385,555.12 ~~384~~523,~~484~~175.1479 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~132~~179,~~396~~782.0007 0.00 9789,~~692~~086,~~150~~329.1006 A-2 0.00 0.00 70103,~~986~~955.5610 0.00 50,355,000.00 A-3 0.00 0.00 6899,~~519~~312.2155 0.00 44,646,000.00 A-4 0.00 0.00 3549,~~416~~616.6740 0.00 2423,~~459~~366,~~280~~911.9102 M-1 0.00 0.00 1421,~~929~~509.8016 0.00 9,227,000.00 M-2 0.00 0.00 1623,~~517~~281.1576 0.00 8,230,000.00 M-3 0.00 0.00 30,859.58 0.00 6,733,000.00 B 0.00 0.00 14,859.17 0.00 3,242,000.00 B-IO 0.00 0.00 ~~934,455~~0.4200 0.00 ~~244~~236,~~584~~469,~~885~~532.3995 OC 0.00 0.00 0.00 0.00 ~~454~~1,583,292.3887 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1523,~~318,939~~175.5679 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 101,952,000.00 12.~~87000~~16250% ~~1000~~917.~~00000000~~37527062 1.~~29861111~~76339915 0.00000000 0.00000000 A-2 50,355,000.00 2.~~03000~~32250% 1000.00000000 12.~~40972217~~06444444 0.00000000 0.00000000 A-3 44,646,000.00 2.~~21000~~50250% 1000.00000000 12.~~53472226~~22444452 0.00000000 0.00000000 A-4 25,000,000.00 2.~~04000~~33250% ~~1000~~957.~~00000000~~22961120 1.~~41666680~~98465600 0.00000000 0.00000000 M-1 9,227,000.00 2.~~33000~~62250% 1000.00000000 12.~~61805571~~33111087 0.00000000 0.00000000 M-2 8,230,000.00 23.~~89000~~18250% 1000.00000000 2.~~00694411~~82888943 0.00000000 0.00000000 M-3 6,733,000.00 5.50000% 1000.00000000 4.58333284 0.00000000 0.00000000 B 3,242,000.00 5.50000% 1000.00000000 4.58333436 0.00000000 0.00000000 B-IO 0.00 0.00000% ~~1000~~965.~~00000000~~28834280 0.00000000 0.00000000 0.00000000 OC 455.12 0.00000% ~~1000~~1838831.~~00000000~~12146247 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% ~~1000~~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 A-1 0.00000000 0.00000000 1.~~29861111~~76339915 0.00000000 ~~958~~873.~~21710315~~80658604 A-2 0.00000000 0.00000000 12.~~40972217~~06444444 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 12.~~53472226~~22444452 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 1.~~41666680~~98465600 0.00000000 ~~978~~934.~~37123640~~67644080 M-1 0.00000000 0.00000000 12.~~61805571~~33111087 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~00694411~~82888943 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.58333284 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.58333436 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 30.~~74703256~~00000000 0.00000000 ~~980~~948.~~75040211~~20899974 OC 0.00000000 0.00000000 0.00000000 0.00000000 ~~998~~3478847.~~37405519~~05132712 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 5,~~719~~590,~~898~~970.6686 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~486~~327,~~634~~887.3970 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 65,~~206~~918,~~533~~858.0556 Withdrawals Reimbursement for Servicer Advances 0306,309.0039 Payment of Service Fee 8783,~~024~~629.5059 Payment of Interest and Principal 65,~~119~~528,~~508~~919.5558 Total Withdrawals (Pool Distribution Amount) 65,~~206~~918,~~533~~858.0556 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8582,~~465~~125.8403 Master Servicing Fee 1,~~558~~504.6656 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8783,~~024~~629.5059

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 021 0 0 021 01,202,805.0057 0.00 0.00 01,202,805.0057 30 Days ~~314~~194 010 0 0 ~~314~~204 4226,~~692~~032,~~794~~558.3556 0929,263.0093 0.00 0.00 4226,~~692~~961,~~794~~822.3549 60 Days ~~160~~87 01 0 0 ~~160~~88 2110,~~767~~125,~~154~~694.5412 0112,134.0057 0.00 0.00 2110,~~767~~237,~~154~~828.5469 90 Days 5336 0 0 0 5336 64,~~691~~045,~~157~~056.5582 0.00 0.00 0.00 64,~~691~~045,~~157~~056.5582 120 Days 222 0 01 0 223 ~~683~~3,~~885~~020,930.1189 0.00 0206,856.0063 0.00 ~~683~~3,~~885~~227,787.1152 150 Days 016 0 03 0 019 01,937,889.0068 0.00 0797,517.0052 0.00 02,735,407.0020 180+ Days 01 0 0 0 01 0106,333.0049 0.00 0.00 0.00 0106,333.0049 Totals ~~529~~356 032 04 0 ~~529~~392 7145,~~834~~268,~~991~~463.5556 02,244,204.0007 01,004,374.0015 0.00 7148,~~834~~517,~~991~~041.5578 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.~~000000~~239669% 0.000000% 0.000000% 01.~~000000~~239669% 0.~~000000~~507801% 0.000000% 0.000000% 0.~~000000~~507801% 30 Days 1711.~~912151~~452184% 0.~~000000~~590319% 0.000000% 0.000000% 1712.~~912151~~042503% 1710.~~423039~~990443% 0.~~000000~~392317% 0.000000% 0.000000% 1711.~~423039~~382760% 60 Days 95.~~127210~~135773% 0.~~000000~~059032% 0.000000% 0.000000% 95.~~127210~~194805% 84.~~883232~~274872% 0.~~000000~~047341% 0.000000% 0.000000% 84.~~883232~~322213% 90 Days 32.~~023388~~125148% 0.000000% 0.000000% 0.000000% 32.~~023388~~125148% 21.~~730679~~707745% 0.000000% 0.000000% 0.000000% 21.~~730679~~707745% 120 Days 01.~~114090~~298701% 0.000000% 0.~~000000~~059032% 0.000000% 01.~~114090~~357733% 01.~~279095~~275379% 0.000000% 0.~~000000~~087331% 0.000000% 01.~~279095~~362710% 150 Days 0.~~000000~~944510% 0.000000% 0.~~000000~~177096% 0.000000% 01.~~000000~~121606% 0.~~000000~~818140% 0.000000% 0.~~000000~~336696% 0.000000% 01.~~000000~~154836% 180+ Days 0.~~000000~~059032% 0.000000% 0.000000% 0.000000% 0.~~000000~~059032% 0.~~000000~~044892% 0.000000% 0.000000% 0.000000% 0.~~000000~~044892% Totals 3021.~~176840~~015348% 01.~~000000~~889020% 0.~~000000~~236128% 0.000000% 3023.~~176840~~140496% 2919.~~316045~~111470% 0.~~000000~~947460% 0.~~000000~~424027% 0.000000% 2920.~~316045~~482957%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~486~~327,~~634~~887.3970

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 6.~~765257~~745560% Weighted Average Net Coupon 6.~~354011~~336179% Weighted Average Pass-Through Rate 6.~~346510~~328679% Weighted Average Maturity(Stepdown Calculation ) ~~313~~311 Beginning Scheduled Collateral Loan Count 1,~~786~~725 Number Of Loans Paid In Full 3331 Ending Scheduled Collateral Loan Count 1,~~753~~694 Beginning Scheduled Collateral Balance ~~249~~240,~~385~~728,~~655~~872.1269 Ending Scheduled Collateral Balance ~~244~~236,~~584~~469,~~885~~532.3995 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~245~~236,~~036~~865,~~437~~413.9248 Monthly P &I Constant 1,~~771~~710,~~689~~842.5768 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~365~~357,~~725~~633.5937 Unscheduled Principal 43,~~434~~901,~~843~~706.4037 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0746,404.0005 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,112,401.83 Overcollateralized Amount ~~454~~1,583,292.3887 Overcollateralized Deficiency Amount 53,~~111~~529,~~947~~108.4596 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0746,404.0005 Excess Cash Amount ~~934~~746,~~455~~404.4205

Miscellaneous Reporting 3 Month Rolling Delinquency Average 119.~~870018~~766053% Trigger Event NO Yield Maintenance 0.00

Filing Compare · Bear Stearns Asset Backed Securities Trust 2004-SD3