8-K 1 bst02005_dec.txt DECEMBER 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): December 27, 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 Pooling and Servicing Agreement) (Commission 90-0072865 (State or other File Number) 90-0072867 jurisdiction 90-0073124 of Incorporation) 90-0073141 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 December 27, 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 December 27, 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BST~~Bear Stearns ARM Trust Mortgage Pass-Through Certificates 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 4.~~00831~~07529% 11,~~301~~261,~~407~~504.6072 3738,~~625~~193.2877 3934,~~902~~983.8973 II-A 07384MLA8 SEN 5.~~36800~~31737% 1,~~687~~317,~~690~~339.6564 75,~~524~~829.7352 ~~370~~1,~~351~~766.0204 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.~~05693~~05587% 1,~~332~~328,~~911~~231.1441 5,~~598~~588.5266 43,~~679~~848.74 IV-A1 07384MLG5 SEN 5.~~60164~~52120% 1211,~~766~~251,~~154~~011.2018 5951,~~396~~696.4770 1792,~~515,143~~492.0219 IV-A2 07384MLH3 SEN 5.~~39664~~31620% 54,~~024~~428,~~975~~589.5951 2219,~~523~~593.8516 ~~596~~311,~~386~~938.0842 IV-A3 07384MMG4 SEN 5.~~29164~~21120% 2,~~716~~393,~~203~~832.0217 1110,~~938~~381.1772 ~~322~~168,~~370~~615.8636 IV-A4 07384MMH2 SEN 5.~~82164~~74120% 54,~~500~~847,~~311~~510.1214 2623,~~596~~161.10 ~~652~~341,~~800~~446.9810 IV-A5 07384MMJ8 SEN 5.~~82164~~74120% 7163,~~707~~197.7617 ~~346~~301.7395 84,~~510~~451.5945 IV-X 07384MLJ9 SEN 0.51078% 0.00 119,~~064~~770.1516 0.00 V-A 07384MLK6 SEN 6.~~11364~~11379% 6,~~520~~506,~~073~~527.7975 33,~~108~~105.3932 1387,~~546~~343.0419 VI-A 07384MLL4 SEN 5.~~93804~~93751% 22,~~606~~439,~~992~~912.1934 ~~111~~110,~~499~~882.1560 ~~167~~1,~~079~~957,975.8589 VII-A 07384MLM2 SEN 6.~~66903~~66883% ~~851~~850,~~608~~959.2194 4,~~717~~722.2477 ~~648~~652.2721 B-1 07384MLN0 SUB 5.~~84093~~80681% 6,~~258~~070,~~306~~716.0113 3029,~~361~~336.6099 ~~187~~160,~~589~~421.8823 B-2 07384MLP5 SUB 5.~~84093~~80681% 3,~~835~~720,~~744~~770.7403 1817,~~608~~980.7678 ~~114~~98,~~974~~322.7192 B-3 07384MLQ3 SUB 5.~~84093~~80681% 21,~~018~~958,~~755~~244.6335 9,~~793~~463.8130 6051,~~511~~747.2843 B-4 07384MLR1 SUB 5.~~84093~~80681% 1979,~~009,423~~166.2524 4,~~897~~731.1286 3025,~~257~~874.0088 B-5 07384MLS9 SUB 5.~~84093~~80681% 1979,~~009,468~~210.6832 4,~~897~~732.3408 3025,~~258~~876.3704 B-6 07384MLT7 SUB 5.~~84093~~80681% ~~996~~966,~~493~~624.6218 4,~~834~~671.4025 2925,~~869~~543.4445 Totals 8581,~~508~~363,~~227~~347.2022 ~~405~~384,~~331~~143.8169 4,~~144~~093,~~880~~299.0227

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 11,~~261~~226,~~504~~520.7298 7773,~~528~~177.1750 0.00 II-A 0.00 1,~~317~~315,~~339~~573.6460 ~~377~~7,~~875~~595.7556 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,~~328~~324,~~231~~382.4167 109,~~278~~437.2640 0.00 IV-A1 0.00 1110,~~251~~458,~~011~~518.1899 1844,~~574,539~~188.4989 0.00 IV-A2 0.00 4,~~428~~116,~~589~~651.5109 ~~618~~331,~~909~~531.9358 0.00 IV-A3 0.00 2,~~393~~225,~~832~~216.1781 ~~334~~178,~~309~~997.0308 0.00 IV-A4 0.00 4,~~847~~506,~~510~~064.1403 ~~679~~364,~~397~~607.0820 0.00 IV-A5 0.00 6358,~~197~~745.1772 84,~~857~~753.3240 0.00 IV-X 0.00 0.00 119,~~064~~770.1516 0.00 V-A 0.00 6,~~506~~419,~~527~~184.7556 46120,~~654~~448.4351 0.00 VI-A 0.00 2220,~~439~~481,~~912~~936.3445 ~~278~~2,~~579~~068,858.0049 0.00 VII-A 0.00 850,~~959~~307.9473 5,~~365~~374.5198 0.00 B-1 0.00 65,~~070~~910,~~716~~294.1390 ~~217~~189,~~951~~758.4822 0.00 B-2 0.00 3,~~720~~622,~~770~~447.0311 ~~133~~116,~~583~~303.4770 0.00 B-3 0.00 1,~~958~~906,~~244~~496.3592 7061,~~305~~210.0973 0.00 B-4 0.00 ~~979~~953,~~166~~291.2436 3530,~~154~~606.1274 0.00 B-5 0.00 ~~979~~953,~~210~~334.3227 3530,~~155~~608.7112 0.00 B-6 0.00 ~~966~~941,~~624~~080.1873 3430,~~703~~214.8470 15,095.12 Totals 0.00 8177,~~363~~270,~~347~~047.2292 4,~~550~~477,~~211~~442.8396 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,~~301~~261,~~407~~504.6072 2928,~~923~~620.8039 96,~~979~~363.0934 0.00 0.00 II-A 74,454,400.00 1,~~687~~317,~~690~~339.6564 21,~~253~~766.8204 ~~368,097~~0.1900 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,~~332~~328,~~911~~231.1441 2,~~253~~273.0787 21,~~426~~574.6787 0.00 0.00 IV-A1 188,000,000.00 1211,~~766~~251,~~154~~011.2018 1312,~~972~~548.1420 1779,~~501,170~~943.8899 0.00 0.00 IV-A2 74,000,000.00 54,~~024~~428,~~975~~589.5951 54,~~499~~939.6719 ~~590~~306,~~886~~999.4123 0.00 0.00 IV-A3 40,000,000.00 2,~~716~~393,~~203~~832.0217 2,~~972~~669.8083 ~~319~~165,~~398~~945.0653 0.00 0.00 IV-A4 81,000,000.00 54,~~500~~847,~~311~~510.1214 65,~~019~~406.9141 ~~646~~336,~~781~~039.0770 0.00 0.00 IV-A5 1,056,000.00 7163,~~707~~197.7617 7870.48 84,~~432~~380.1196 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,~~520~~506,~~073~~527.7975 10,~~606~~676.2739 276,~~939~~666.7780 0.00 0.00 VI-A 248,618,300.00 22,~~606~~439,~~992~~912.1934 19,~~635~~801.8850 ~~147~~1,~~443~~938,174.9739 0.00 0.00 VII-A 13,632,100.00 ~~851~~850,~~608~~959.2194 ~~632~~636.9690 15.31 0.00 0.00 B-1 13,774,900.00 6,~~258~~070,~~306~~716.0113 7,~~591~~423.1514 ~~179~~152,998.7309 0.00 0.00 B-2 8,442,700.00 3,~~835~~720,~~744~~770.7403 4,~~652~~549.6568 ~~110~~93,~~322~~773.0524 0.00 0.00 B-3 4,443,400.00 21,~~018~~958,~~755~~244.6335 2,~~448~~394.6950 5849,~~062~~352.5993 0.00 0.00 B-4 2,221,800.00 1979,~~009,423~~166.2524 1,~~224~~197.4030 2924,~~032~~677.6058 0.00 0.00 B-5 2,221,900.00 1979,~~009,468~~210.6832 1,~~224~~197.4636 2924,~~033~~678.9169 0.00 0.00 B-6 2,222,022.00 ~~996~~966,~~493~~624.6218 1,~~208~~181.7297 2824,~~660~~361.7248 0.00 0.00 Totals 888,703,522.00 8581,~~508~~363,~~227~~347.2022 ~~112~~107,~~198~~353.8715 43,~~032~~985,~~681~~946.13 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 3934,~~902~~983.8973 11,~~261~~226,~~504~~520.7298 0.~~32010917~~31911476 3934,~~902~~983.8973 II-A ~~370~~1,~~351~~766.0204 1,~~317~~315,~~339~~573.6460 0.~~01769324~~01766952 ~~370~~1,~~351~~766.0204 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 43,~~679~~848.74 1,~~328~~324,~~231~~382.4167 0.~~06847683~~06827841 43,~~679~~848.74 IV-A1 1792,~~515,143~~492.0219 1110,~~251~~458,~~011~~518.1899 0.~~05984580~~05563042 1792,~~515,143~~492.0219 IV-A2 ~~596~~311,~~386~~938.0842 4,~~428~~116,~~589~~651.5109 0.~~05984580~~05563042 ~~596~~311,~~386~~938.0842 IV-A3 ~~322~~168,~~370~~615.8636 2,~~393~~225,~~832~~216.1781 0.~~05984580~~05563042 ~~322~~168,~~370~~615.8636 IV-A4 ~~652~~341,~~800~~446.9810 4,~~847~~506,~~510~~064.1403 0.~~05984580~~05563042 ~~652~~341,~~800~~446.9810 IV-A5 84,~~510~~451.5945 6358,~~197~~745.1772 0.~~05984580~~05563042 84,~~510~~451.5945 IV-X 0.00 0.00 0.00000000 0.00 V-A 1387,~~546~~343.0419 6,~~506~~419,~~527~~184.7556 0.~~08129217~~08020091 1387,~~546~~343.0419 VI-A ~~167~~1,~~079~~957,975.8589 2220,~~439~~481,~~912~~936.3445 0.~~09025849~~08238306 ~~167~~1,~~079~~957,975.8589 VII-A ~~648~~652.2721 850,~~959~~307.9473 0.~~06242325~~06237540 ~~648~~652.2721 B-1 ~~187~~160,~~589~~421.8823 65,~~070~~910,~~716~~294.1390 0.~~44070854~~42906264 ~~187~~160,~~589~~421.8823 B-2 ~~114~~98,~~974~~322.7192 3,~~720~~622,~~770~~447.0311 0.~~44070854~~42906264 ~~114~~98,~~974~~322.7192 B-3 6051,~~511~~747.2843 1,~~958~~906,~~244~~496.3592 0.~~44070855~~42906264 6051,~~511~~747.2843 B-4 3025,~~257~~874.0088 ~~979~~953,~~166~~291.2436 0.~~44070854~~42906263 3025,~~257~~874.0088 B-5 3025,~~258~~876.3704 ~~979~~953,~~210~~334.3227 0.~~44070855~~42906264 3025,~~258~~876.3704 B-6 2925,~~869~~543.4445 ~~966~~941,~~624~~080.1873 0.~~43502008~~42352449 2925,~~869~~543.4445 Totals 4,~~144~~093,~~880~~299.0227 8177,~~363~~270,~~347~~047.2292 0.~~09155286~~08694694 4,~~144~~093,~~880~~299.0227

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 ~~321~~320.~~24341533~~10917277 0.~~85058641~~81353688 0.~~28365643~~18087845 0.00000000 II-A 74,454,400.00 2217.~~66744007~~69324096 0.~~03027115~~02371975 40.~~94392796~~00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 68.~~71809474~~47683175 0.~~11615679~~11722913 0.~~12510672~~08119226 0.00000000 IV-A1 188,000,000.00 6759.~~90507553~~84580415 0.~~07431989~~06674574 74.~~98495149~~14863824 0.00000000 IV-A2 74,000,000.00 6759.~~90507554~~84580419 0.~~07431986~~06674581 74.~~98495149~~14863824 0.00000000 IV-A3 40,000,000.00 6759.~~90507550~~84580425 0.~~07432000~~06674575 74.~~98495150~~14863825 0.00000000 IV-A4 81,000,000.00 6759.~~90507556~~84580420 0.~~07431988~~06674580 74.~~98495148~~14863827 0.00000000 IV-A5 1,056,000.00 6759.~~90507576~~84580492 0.~~07431818~~06674242 74.~~98495265~~14863636 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 81.~~46141359~~29217017 0.~~13251411~~13339018 0.~~03672931~~95787043 0.00000000 VI-A 248,618,300.00 90.~~93052358~~25848998 0.~~07898003~~07964619 07.~~59305357~~79578330 0.00000000 VII-A 13,632,100.00 62.~~47080127~~42324660 0.~~04643158~~04672061 0.00112308 0.00000000 B-1 13,774,900.00 ~~454~~440.~~32678350~~70854453 0.~~55108567~~53888885 1311.~~06715330~~10702001 0.00000000 B-2 8,442,700.00 ~~454~~440.~~32678409~~70854466 0.~~55108555~~53888922 1311.~~06715269~~10702027 0.00000000 B-3 4,443,400.00 ~~454~~440.~~32678354~~70854526 0.~~55108475~~53888914 1311.~~06715353~~10701940 0.00000000 B-4 2,221,800.00 ~~454~~440.~~32678459~~70854262 0.~~55108471~~53888739 1311.~~06715276~~10702133 0.00000000 B-5 2,221,900.00 ~~454~~440.~~32678338~~70854674 0.~~55108691~~53889014 1311.~~06715424~~10702102 0.00000000 B-6 2,222,022.00 ~~448~~435.~~46253547~~02007631 0.~~54397301~~53193443 1210.~~89848615~~96365383 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 10.~~13424284~~99441532 ~~320~~319.~~10917277~~11475716 0.~~32010917~~31911476 10.~~13424284~~99441532 II-A 0.00000000 40.~~97419924~~02371975 17.~~69324096~~66952121 0.~~01769324~~01766952 40.~~97419924~~02371975 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.~~24126351~~19842139 68.~~47683175~~27841036 0.~~06847683~~06827841 0.~~24126351~~19842139 IV-A1 0.00000000 84.~~05927138~~21538399 5955.~~84580415~~63042016 0.~~05984580~~05563042 84.~~05927138~~21538399 IV-A2 0.00000000 84.~~05927135~~21538405 5955.~~84580419~~63042014 0.~~05984580~~05563042 84.~~05927135~~21538405 IV-A3 0.00000000 84.~~05927150~~21538400 5955.~~84580425~~63042025 0.~~05984580~~05563042 84.~~05927150~~21538400 IV-A4 0.00000000 84.~~05927136~~21538395 5955.~~84580420~~63042012 0.~~05984580~~05563042 84.~~05927136~~21538395 IV-A5 0.00000000 84.~~05927083~~21538826 5955.~~84580492~~63041667 0.~~05984580~~05563042 84.~~05927083~~21538826 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 01.~~16924342~~09126061 8180.~~29217017~~20090956 0.~~08129217~~08020091 01.~~16924342~~09126061 VI-A 0.00000000 07.~~67203360~~87542948 9082.~~25848998~~38306050 0.~~09025849~~08238306 07.~~67203360~~87542948 VII-A 0.00000000 0.~~04755467~~04784369 62.~~42324660~~37540291 0.~~06242325~~06237540 0.~~04755467~~04784369 B-1 0.00000000 1311.~~61823897~~64590886 ~~440~~429.~~70854453~~06263566 0.~~44070854~~42906264 1311.~~61823897~~64590886 B-2 0.00000000 1311.~~61823943~~64590948 ~~440~~429.~~70854466~~06263518 0.~~44070854~~42906264 1311.~~61823943~~64590948 B-3 0.00000000 1311.~~61823829~~64590854 ~~440~~429.~~70854526~~06263672 0.~~44070855~~42906264 1311.~~61823829~~64590854 B-4 0.00000000 1311.~~61823747~~64590872 ~~440~~429.~~70854262~~06263390 0.~~44070854~~42906263 1311.~~61823747~~64590872 B-5 0.00000000 1311.~~61824114~~64590666 ~~440~~429.~~70854674~~06263558 0.~~44070855~~42906264 1311.~~61824114~~64590666 B-6 0.00000000 1311.~~44245917~~49558825 ~~435~~423.~~02007631~~52448806 0.~~43502008~~42352449 1311.~~44245917~~49558825 (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 4.~~00831~~07529% 11,~~301~~261,~~407~~504.6072 3738,~~749~~244.6588 0.00 0.00 II-A 74,454,400.00 5.~~36800~~31737% 1,~~687~~317,~~690~~339.6564 75,~~549~~837.6132 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.~~05693~~05587% 1,~~332~~328,~~911~~231.1441 5,~~617~~596.0314 0.00 0.00 IV-A1 188,000,000.00 5.~~60164~~52120% 1211,~~766~~251,~~154~~011.2018 5951,~~592~~765.7987 0.00 0.00 IV-A2 74,000,000.00 5.~~39664~~31620% 54,~~024~~428,~~975~~589.5951 2219,~~598~~619.3038 0.00 0.00 IV-A3 40,000,000.00 5.~~29164~~21120% 2,~~716~~393,~~203~~832.0217 1110,~~977~~395.6361 0.00 0.00 IV-A4 81,000,000.00 5.~~82164~~74120% 54,~~500~~847,~~311~~510.1214 2623,~~684~~192.0109 0.00 0.00 IV-A5 1,056,000.00 5.~~82164~~74120% 7163,~~707~~197.7617 ~~347~~302.8836 0.00 0.00 IV-X 0.00 0.51078% 2622,~~079~~984,~~351~~140.7016 119,~~100~~783.7224 0.00 0.00 V-A 80,038,800.00 6.~~11364~~11379% 6,~~520~~506,~~073~~527.7975 33,~~217~~149.8262 0.00 0.00 VI-A 248,618,300.00 5.~~93804~~93751% 22,~~606~~439,~~992~~912.1934 111,~~867~~030.6998 0.00 0.00 VII-A 13,632,100.00 6.~~66903~~66883% ~~851~~850,~~608~~959.2194 4,~~732~~729.8409 0.00 0.00 B-1 13,774,900.00 5.~~84093~~80681% 6,~~258~~070,~~306~~716.0113 3029,~~461~~376.9525 0.00 0.00 B-2 8,442,700.00 5.~~84093~~80681% 3,~~835~~720,~~744~~770.7403 18,~~670~~004.2784 0.00 0.00 B-3 4,443,400.00 5.~~84093~~80681% 21,~~018~~958,~~755~~244.6335 9,~~826~~475.1896 0.00 0.00 B-4 2,221,800.00 5.~~84093~~80681% 1979,~~009,423~~166.2524 4,~~913~~738.3119 0.00 0.00 B-5 2,221,900.00 5.~~84093~~80681% 1979,~~009,468~~210.6832 4,~~913~~738.5341 0.00 0.00 B-6 2,222,022.00 5.~~84093~~80681% ~~996~~966,~~493~~624.6218 4,~~850~~677.3850 0.00 0.00 Totals 888,703,522.00 ~~406~~384,~~671~~657.5973 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 ~~124~~51.3611 0.00 3738,~~625~~193.2877 0.00 11,~~261~~226,~~504~~520.7298 II-A 247.8780 0.00 75,~~524~~829.7352 0.00 1,~~317~~315,~~339~~573.6460 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 187.5048 0.00 5,~~598~~588.5266 0.00 1,~~328~~324,~~231~~382.4167 IV-A1 ~~196~~69.3218 0.00 5951,~~396~~696.4770 0.00 1110,~~251~~458,~~011~~518.1899 IV-A2 7426.4522 0.00 2219,~~523~~593.8516 0.00 4,~~428~~116,~~589~~651.5109 IV-A3 3913.4689 0.00 1110,~~938~~381.1772 0.00 2,~~393~~225,~~832~~216.1781 IV-A4 8730.9199 0.00 2623,~~596~~161.10 0.00 4,~~847~~506,~~510~~064.1403 IV-A5 10.1540 0.00 ~~346~~301.7395 0.00 6358,~~197~~745.1772 IV-X 3613.5707 0.00 119,~~064~~770.1516 0.00 2221,~~984~~365,~~140~~196.1664 V-A ~~109~~44.4330 0.00 33,~~108~~105.3932 0.00 6,~~506~~419,~~527~~184.7556 VI-A ~~368~~148.5338 0.00 ~~111~~110,~~499~~882.1560 0.00 2220,~~439~~481,~~912~~936.3445 VII-A 156.5932 0.00 4,~~717~~722.2477 0.00 850,~~959~~307.9473 B-1 ~~100~~39.3526 0.00 3029,~~361~~336.6099 0.00 65,~~070~~910,~~716~~294.1390 B-2 6124.5106 0.00 1817,~~608~~980.7678 0.00 3,~~720~~622,~~770~~447.0311 B-3 3212.3766 0.00 9,~~793~~463.8130 0.00 1,~~958~~906,~~244~~496.3592 B-4 166.1933 0.00 4,~~897~~731.1286 0.00 ~~979~~953,~~166~~291.2436 B-5 166.1933 0.00 4,~~897~~732.3408 0.00 ~~979~~953,~~210~~334.3227 B-6 156.9825 0.00 4,~~834~~671.4025 0.00 ~~966~~941,~~624~~080.1873 Totals ~~1,339~~514.7303 0.00 ~~405~~384,~~331~~143.8169 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 4.~~00831~~07529% ~~321~~320.~~24341533~~10917277 1.~~07303682~~08711377 0.00000000 0.00000000 II-A 74,454,400.00 5.~~36800~~31737% 2217.~~66744007~~69324096 0.~~10139911~~07840128 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.~~05693~~05587% 68.~~71809474~~47683175 0.~~28958540~~28850841 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~60164~~52120% 6759.~~90507553~~84580415 0.~~31698293~~27535037 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~39664~~31620% 6759.~~90507554~~84580419 0.~~30538243~~26512676 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~29164~~21120% 6759.~~90507550~~84580425 0.~~29944075~~25989025 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~82164~~74120% 6759.~~90507556~~84580420 0.~~32943222~~28632210 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~82164~~74120% 6759.~~90507576~~84580492 0.~~32943182~~28632576 0.00000000 0.00000000 IV-X 0.00 0.51078% 6759.~~90507556~~84580415 0.~~02890391~~02547347 0.00000000 0.00000000 V-A 80,038,800.00 6.~~11364~~11379% 81.~~46141359~~29217017 0.~~41502146~~41416938 0.00000000 0.00000000 VI-A 248,618,300.00 5.~~93804~~93751% 90.~~93052358~~25848998 0.~~44995759~~44659215 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~66903~~66883% 62.~~47080127~~42324660 0.~~34718349~~34690840 0.00000000 0.00000000 B-1 13,774,900.00 5.~~84093~~80681% ~~454~~440.~~32678350~~70854453 2.~~21140988~~13259261 0.00000000 0.00000000 B-2 8,442,700.00 5.~~84093~~80681% ~~454~~440.~~32678409~~70854466 2.~~21140986~~13259265 0.00000000 0.00000000 B-3 4,443,400.00 5.~~84093~~80681% ~~454~~440.~~32678354~~70854526 2.~~21141018~~13259216 0.00000000 0.00000000 B-4 2,221,800.00 5.~~84093~~80681% ~~454~~440.~~32678459~~70854262 2.~~21140967~~13259069 0.00000000 0.00000000 B-5 2,221,900.00 5.~~84093~~80681% ~~454~~440.~~32678338~~70854674 2.~~21140915~~13259373 0.00000000 0.00000000 B-6 2,222,022.00 5.~~84093~~80681% ~~448~~435.~~46253547~~02007631 2.~~18286768~~10506467 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.~~00353494~~00145281 0.00000000 1.~~06950159~~08566097 0.00000000 ~~320~~319.~~10917277~~11475716 II-A 0.~~00033403~~00010476 0.00000000 0.~~10106495~~07829651 0.00000000 17.~~69324096~~66952121 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.~~00095377~~00038563 0.00000000 0.~~28863111~~28812278 0.00000000 68.~~47683175~~27841036 IV-A1 0.~~00104426~~00036798 0.00000000 0.~~31593867~~27498245 0.00000000 5955.~~84580415~~63042016 IV-A2 0.~~00100608~~00035432 0.00000000 0.~~30437635~~26477243 0.00000000 5955.~~84580419~~63042014 IV-A3 0.~~00098650~~00034725 0.00000000 0.~~29845425~~25954300 0.00000000 5955.~~84580425~~63042025 IV-A4 0.~~00108531~~00038259 0.00000000 0.~~32834691~~28593951 0.00000000 5955.~~84580420~~63042012 IV-A5 0.~~00108902~~00037879 0.00000000 0.~~32834280~~28593750 0.00000000 5955.~~84580492~~63041667 IV-X 0.~~00009522~~00003403 0.00000000 0.~~02880869~~02543942 0.00000000 5955.~~84580415~~63042015 V-A 0.~~00136721~~00055348 0.00000000 0.~~41365425~~41361590 0.00000000 8180.~~29217017~~20090956 VI-A 0.~~00148231~~00059682 0.00000000 0.~~44847523~~44599533 0.00000000 9082.~~25848998~~38306050 VII-A 0.~~00114362~~00046361 0.00000000 0.~~34603913~~34644479 0.00000000 62.~~42324660~~37540291 B-1 0.~~00728499~~00285011 0.00000000 2.~~20412489~~12974250 0.00000000 ~~440~~429.~~70854453~~06263566 B-2 0.~~00728558~~00284980 0.00000000 2.~~20412427~~12974285 0.00000000 ~~440~~429.~~70854466~~06263518 B-3 0.~~00728496~~00284917 0.00000000 2.~~20412522~~12974299 0.00000000 ~~440~~429.~~70854526~~06263672 B-4 0.~~00728688~~00284904 0.00000000 2.~~20412278~~12974165 0.00000000 ~~440~~429.~~70854262~~06263390 B-5 0.~~00728656~~00284891 0.00000000 2.~~20412260~~12974481 0.00000000 ~~440~~429.~~70854674~~06263558 B-6 0.~~00719165~~00281275 0.00000000 2.~~17567603~~10225191 0.00000000 ~~435~~423.~~02007631~~52448806 (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 4,~~575~~500,~~008~~858.2179 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,~~454~~745.6073 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,~~586~~512,~~462~~604.8152 Withdrawals Reimbursement for Servicer Advances 11,~~377~~454.7460 Payment of Service Fee 2423,~~873~~706.2497 Payment of Interest and Principal 4,~~550~~477,~~211~~442.8395 Total Withdrawals (Pool Distribution Amount) 4,~~586~~512,~~462~~604.8152 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 ~~1,339~~514.7303

SERVICING FEES Gross Servicing Fee 2423,~~873~~706.2497 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2423,~~873~~706.2497

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 4 0 0 0 4 1,~~171~~218,~~536~~463.6345 0.00 0.00 0.00 1,~~171~~218,~~536~~463.6345 60 Days 1 0 0 0 1 326,~~979~~649.3307 0.00 0.00 0.00 326,~~979~~649.3307 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 5 0 1 0 6 1,~~498~~545,~~515~~112.9652 0.00 396,174.42 0.00 1,~~894~~941,~~690~~286.3894 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 1.~~886792~~980198% 0.000000% 0.000000% 0.000000% 1.~~886792~~980198% 1.~~438239~~574990% 0.000000% 0.000000% 0.000000% 1.~~438239~~574990% 60 Days 0.~~471698~~495050% 0.000000% 0.000000% 0.000000% 0.~~471698~~495050% 0.~~401417~~422228% 0.000000% 0.000000% 0.000000% 0.~~401417~~422228% 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.~~471698~~495050% 0.000000% 0.~~471698~~495050% 0.000000% 0.000000% 0.~~486364~~512096% 0.000000% 0.~~486364~~512096% Totals 2.~~358491~~475248% 0.000000% 0.~~471698~~495050% 0.000000% 2.~~830189~~970297% 1.~~839655~~997217% 0.000000% 0.~~486364~~512096% 0.000000% 2.~~326019~~509314%

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 02 0 0 0 02 0792,994.0017 0.00 0.00 0.00 0792,994.0017 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 02 0 0 0 02 0792,994.0017 0.00 0.00 0.00 0792,994.0017 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 06.~~000000~~060606% 0.000000% 0.000000% 0.000000% 06.~~000000~~060606% 06.~~000000~~468178% 0.000000% 0.000000% 0.000000% 06.~~000000~~468178% 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 06.~~000000~~060606% 0.000000% 0.000000% 0.000000% 06.~~000000~~060606% 06.~~000000~~468178% 0.000000% 0.000000% 0.000000% 06.~~000000~~468178% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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.~~168303~~222434% 0.000000% 24.~~168303~~222434% Totals 0.000000% 0.000000% 20.000000% 0.000000% 20.000000% 0.000000% 0.000000% 24.~~168303~~222434% 0.000000% 24.~~168303~~222434% 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 01 0 0 0 01 0299,559.0028 0.00 0.00 0.00 0299,559.0028 60 Days 1 0 0 0 1 326,~~979~~649.3307 0.00 0.00 0.00 326,~~979~~649.3307 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 12 0 0 0 12 ~~326~~626,~~979~~208.3335 0.00 0.00 0.00 ~~326~~626,~~979~~208.3335 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~333333% 0.000000% 0.000000% 0.000000% 01.~~000000~~333333% 01.~~000000~~103047% 0.000000% 0.000000% 0.000000% 01.~~000000~~103047% 60 Days 1.~~250000~~333333% 0.000000% 0.000000% 0.000000% 1.~~250000~~333333% 1.~~128836~~202798% 0.000000% 0.000000% 0.000000% 1.~~128836~~202798% 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.~~250000~~666667% 0.000000% 0.000000% 0.000000% 12.~~250000~~666667% 12.~~128836~~305845% 0.000000% 0.000000% 0.000000% 12.~~128836~~305845% 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 41 0 0 0 4 1 125,~~171,536~~910.6300 0.00 0.00 0.00 1125,~~171,536~~910.6300 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 41 0 0 0 4 1 125,~~171,536~~910.6300 0.00 0.00 0.00 1125,~~171,536~~910.6300 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 51.~~555556~~449275% 0.000000% 0.000000% 0.000000% 51.~~555556~~449275% 40.~~338422~~506457% 0.000000% 0.000000% 0.000000% 40.~~338422~~506457% 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 51.~~555556~~449275% 0.000000% 0.000000% 0.000000% 51.~~555556~~449275% 40.~~338422~~506457% 0.000000% 0.000000% 0.000000% 40.~~338422~~506457% 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 11,~~454~~745.6073

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% 7066,~~101~~043,~~842~~526.5094 8685.~~15899532~~47105731% 1314.~~841005~~528943% 0.000000% Class 2A 779,068,922.00 87.66353484% 6864,~~784~~727,~~502~~953.8634 8483.~~53991292~~76849126% 1.~~619082~~702566% 89.~~976925~~208222% Class R-I 779,068,872.00 87.66352922% 6864,~~784~~727,~~502~~953.8634 8483.~~53991292~~76849126% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% 6864,~~784~~727,~~502~~953.8634 8483.~~53991292~~76849126% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% 6864,~~784~~727,~~502~~953.8634 8483.~~53991292~~76849126% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% 6864,~~784~~727,~~502~~953.8634 8483.~~53991292~~76849126% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% 6763,~~456~~403,~~271~~570.4567 82.~~90744393~~05452485% 1.~~632469~~713966% 9.~~051146~~269880% Class V-A 295,577,122.00 33.25936204% 3735,~~965~~619,~~603~~189.5347 46.~~66180146~~09702003% 78.~~996878~~307468% 44.~~338309~~930420% Class B-1 19,551,822.00 2.20003877% 8,~~604~~376,~~015~~650.1239 10.~~57480477~~84074698% 7.~~461242~~648882% 41.368500% Class B-2 11,109,122.00 1.25003690% 4,~~883~~754,~~245~~203.0928 6.~~00177507~~15271170% 4.~~573030~~688035% 25.354945% Class B-3 6,665,722.00 0.75005014% 2,~~925~~847,~~000~~706.7436 3.~~59498575~~68539484% 2.~~406789~~467317% 13.344329% Class B-4 4,443,922.00 0.50004550% 1,~~945~~894,~~834~~415.5000 2.~~39153694~~45168089% 1.~~203449~~233714% 6.672465% Class B-5 2,222,022.00 0.25002962% ~~966~~941,~~624~~080.1873 1.~~18803394~~21791141% 1.~~203503~~233769% 6.672765% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.~~188034~~217911% 6.~~586997~~586998% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~056187~~022830% Weighted Average Net Coupon 5.~~707122~~673184% Weighted Average Pass-Through Rate 5.~~707122~~673184% Weighted Average Maturity (Stepdown Calculation ) ~~323~~322 Beginning Scheduled Collateral Loan Count ~~220~~212 Number Of Loans Paid In Full 810 Ending Scheduled Collateral Loan Count ~~212~~202 Beginning Scheduled Collateral Balance 8581,~~508~~363,~~227~~347.2119 Ending Scheduled Collateral Balance 8177,~~363~~270,~~347~~047.1992 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 8177,~~456~~363,~~346~~267.9847 Monthly P &I Constant ~~543~~515,~~743~~717.6985 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 15,095.12 Class A Optimal Amount 4,~~024~~019,~~455~~159.2989 Ending Scheduled Balance for Premium Loans 8177,~~363~~270,~~347~~047.1992 Scheduled Principal ~~112~~107,~~198~~353.8816 Unscheduled Principal 43,~~032~~985,~~681~~946.1411

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage 1 91.~~748027~~744528% Senior Percentage 2 6056.~~541388~~650714% Senior Percentage 3 81.~~426456~~411229% Senior Percentage 4 8079.~~562528~~421778% Senior Percentage 5 79.~~894833~~890798% Senior Percentage 6 83.~~219015~~168964% Senior Percentage 7 79.~~761486~~761325% Senior Prep Percentage 1 95.~~874013~~872264% Senior Prep Percentage 2 8078.~~270694~~325357% Senior Prep Percentage 3 90.~~713228~~705615% Senior Prep Percentage 4 9089.~~281264~~710889% Senior Prep Percentage 5 89.~~947416~~945399% Senior Prep Percentage 6 91.~~609508~~584482% Senior Prep Percentage 7 89.~~880743~~880662% Subordinate Percentage 1 8.~~251973~~255472% Subordinate Percentage 2 3943.~~458612~~349286% Subordinate Percentage 3 18.~~573544~~588771% Subordinate Percentage 4 1920.~~437472~~578222% Subordinate Percentage 5 20.~~105167~~109202% Subordinate Percentage 6 16.~~780985~~831036% Subordinate Percentage 7 20.~~238514~~238675% Subordinate Prep Percentage 1 4.~~125987~~127736% Subordinate Prep Percentage 2 1921.~~729306~~674643% Subordinate Prep Percentage 3 199.~~729306~~294385% Subordinate Prep Percentage 4 910.~~286772~~289111% Subordinate Prep Percentage 5 910.~~718736~~054601% Subordinate Prep Percentage 6 108.~~052584~~415518% Subordinate Prep Percentage 7 810.~~390492~~119338%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~383313~~450286 5.~~618002~~567368 5.~~431926~~430870 Weighted Average Net Rate 4.~~008312~~075285 5.~~368004~~317369 5.~~056931~~055875 Weighted Average Maturity ~~285~~284 ~~327~~326 ~~311~~310 Beginning Loan Count 34 76 5 Loans Paid In Full 0 1 0 0 Ending Loan Count 3433 6 5 Beginning Scheduled Balance 12,~~317~~274,~~875~~851.3864 2,~~787~~325,~~664~~371.2866 1,~~636~~631,~~950~~508.9484 Ending scheduled Balance 12,~~274~~237,~~851~~018.6458 2,~~325~~322,~~371~~254.6624 1,~~631~~626,~~508~~979.8453 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 7776,~~609~~717.4592 1613,~~773~~905.7092 10,176.83 Scheduled Principal 3231,~~615~~195.2075 3,~~722~~117.7842 2,~~767~~793.0007 Unscheduled Principal 106,~~408~~637.5431 ~~458,569~~0.8400 21,~~675~~736.1024 Scheduled Interest 4445,~~994~~522.2517 1310,~~050~~788.9250 7,~~409~~383.8376 Servicing Fees 3,~~849~~835.3490 ~~580~~484.7645 ~~511~~509.5484 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,~~144~~686.9127 1210,~~470~~304.1605 6,~~898~~873.2992 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.~~008313~~075286 5.~~368002~~317368 5.~~056926~~055870

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~404892~~320957 6.~~488640~~488790 6.~~313040~~312509 Weighted Average Net Rate 6.~~087635~~007197 6.~~113641~~113789 5.~~938040~~937509 Weighted Average Maturity ~~325~~324 ~~319~~318 ~~328~~327 Beginning Loan Count 8680 12 7372 Loans Paid In Full 65 0 1 3 Ending Loan Count 8075 1211 7269 Beginning Scheduled Balance 3228,~~371~~939,~~565~~342.7818 8,~~160~~144,~~820~~276.4079 2726,~~165~~981,~~656~~113.9217 Ending scheduled Balance 2827,~~939~~131,~~342~~017.1819 8,~~144~~045,~~276~~676.7902 2624,~~981~~841,~~113~~034.1799 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~208~~184,~~209~~712.9588 57,402.48 ~~166~~165,~~510~~740.3286 Scheduled Principal 3532,~~429~~275.6292 13,~~275~~363.2973 23,~~595~~808.4276 Unscheduled Principal 31,~~396~~776,~~793~~049.9807 385,~~268~~237.3204 ~~160~~2,~~948~~116,269.3342 Scheduled Interest ~~172~~152,~~780~~436.3396 44,~~127~~038.1975 ~~142~~141,~~914~~932.9010 Servicing Fees 87,~~558~~566.4269 2,~~550~~545.2509 8,~~489~~431.2760 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 ~~164~~144,~~221~~870.9127 41,~~576~~493.9466 ~~134~~133,~~425~~500.6350 Realized Loss Amount 0.00 0.00 0.00 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.~~087636~~007197 6.~~113640~~113790 5.~~938040~~937509

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~044033~~043828 6.~~056187~~022830 Weighted Average Net Rate 6.~~669026~~668829 5.~~707122~~673184 Weighted Average Maturity ~~323~~322.00 ~~323~~322.00 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 7,060.96 ~~543~~515,~~743~~717.6985 Beginning Loan Count 3 ~~220~~212 Loans Paid In Full 0 810 Ending Loan Count 3 ~~212~~202 Beginning Scheduled Balance 1,~~067~~066,~~693~~882.5191 8581,~~508~~363,~~227~~347.2119 Ending Scheduled Balance 1,066,~~882~~067.9137 8177,~~363~~270,~~347~~047.1992 Scheduled Principal ~~793~~798.5751 ~~112~~107,~~198~~353.8816 Unscheduled Principal 17.03 43,~~032~~985,~~681~~946.1411 Scheduled Interest 6,~~267~~262.3945 ~~431~~408,~~544~~364.8169 Servicing Fee 333.6640 2423,~~873~~706.2497 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,~~933~~929.7305 ~~406~~384,~~671~~657.5772 Realized Loss Amount 0.00 0.00 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.~~669033~~668828 5.~~707122~~673184

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