8-K 1 bst02007_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 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 Pooling and Servicing Agreement) (Commission 90-0072891 (State or other File Number) 90-0073006 jurisdiction IRS EIN 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the 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 2002-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the 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: 2002-7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MMR0 SEN 5.~~56254~~53972% 9,~~668~~124,~~572~~418.1381 4442,~~818~~122.1931 ~~544~~9,~~153~~124,418.3181 II-A 07384MMS8 SEN 5.~~89400~~89410% 3,~~926~~921,~~701~~694.0061 19,~~286~~262.6538 53,~~006~~921,694.3961 III-A 07384MMT6 SEN 5.~~93760~~96720% 5,~~921~~299,~~521~~644.6083 2926,~~299~~353.6639 ~~621~~5,~~876~~299,644.7783 IV-A 07384MMU3 SEN 6.~~84309~~95224% 1,~~164~~044,~~838~~434.3980 6,~~642~~050.5797 ~~120~~1,~~403~~044,434.6080 V-A-1 07384MMV1 SEN 5.~~32037~~27337% 65,~~009~~470,~~269~~865.6967 2624,~~642~~041.9360 ~~538~~5,~~404~~470,865.0267 V-A-2 07384MNE8 SEN 5.~~81537~~76837% 1211,~~605~~476,~~739~~320.4689 6155,~~089~~166.1643 111,~~129~~476,~~418~~320.5789 V-X 07384MNF5 SEN 0.49500% 0.00 2,~~478~~256.8273 0.00 VI-A 07384MMW9 SEN 5.~~57384~~57487% 11,~~167~~051,~~258~~782.7539 51,~~870~~343.3858 ~~115~~11,~~476~~051,782.3739 VI-X 07384MNG3 SEN 0.47900% 0.00 4,~~457~~411.6050 0.00 VII-A 07384MMX7 SEN 5.~~58681~~58111% 9,~~625~~213,~~339~~115.2260 4442,~~812~~849.4853 ~~412~~9,~~223~~213,115.6260 VII-X 07384MNH1 SEN 0.64700% 0.00 54,~~189~~967.6640 0.00 B-1 07384MNB4 SUB 5.~~94486~~93264% 43,~~095~~981,~~084~~399.0410 2019,~~287~~683.2352 ~~113~~3,~~684~~981,399.9310 B-2 07384MNC2 SUB 5.~~94486~~93264% 2,~~784~~707,~~792~~482.0151 13,~~795~~385.9944 772,~~309~~707,482.5051 B-3 07384MND0 SUB 5.~~94486~~93264% 1,~~638~~592,~~043~~568.1188 87,~~114~~873.94 45 1,~~474~~592,568.2488 B-4 07384MNJ7 SUB 5.~~94486~~93264% ~~819~~796,~~045~~307.3052 43,~~057~~936.5984 22796,~~737~~307.7852 B-5 07384MNL2 SUB 5.~~94486~~93264% ~~655~~637,~~217~~027.2455 3,~~245~~149.9838 18637,~~189~~027.6955 B-6 07384MNN8 SUB 5.~~94486~~93264% ~~655~~637,~~366~~172.1027 3,~~246~~150.7110 18563,~~193~~152.8331 R-I 07384MMZ2 SEN 50.~~64190~~00000% 0.00 0.00 0.00 R-II 07384MNA6 SEN 50.~~64190~~00000% 0.00 0.00 0.00 Totals 7066,~~736~~954,~~788~~235.0443 ~~349~~330,~~336~~004.5455 366,~~782~~880,~~552~~215.6247

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 0.00 9,~~124~~166,~~418~~541.8112 ~~588,971.50~~ 0.00 II-A 0.00 0.00 3,~~921~~940,~~694~~956.6199 ~~24,293.04~~ 0.00 III-A 0.00 0.00 5,~~299~~325,~~644~~998.8322 ~~651,176.43~~ 0.00 IV-A 0.00 0.00 1,~~044~~050,~~434~~485.8077 ~~127,046.17~~ 0.00 V-A-1 0.00 0.00 5,~~470~~494,~~865~~907.6727 ~~565,046.95~~ 0.00 V-A-2 0.00 ~~11,476,320~~0.8900 111,~~190~~531,~~507~~487.7332 0.00 V-X 0.00 0.00 2,~~478~~256.8273 0.00 VI-A 0.00 0.00 11,~~051~~103,~~782~~125.3997 ~~167,346.75~~ 0.00 VI-X 0.00 0.00 4,~~457~~411.6050 0.00 VII-A 0.00 0.00 9,~~213~~255,~~115~~965.6013 ~~457,036.10~~ 0.00 VII-X 0.00 0.00 54,~~189~~967.6640 0.00 B-1 0.00 ~~3,981,399~~0.1000 ~~133~~4,~~972~~001,082.1662 0.00 B-2 0.00 0.00 2,~~707~~720,~~482~~867.5195 ~~91,105.49~~ 0.00 B-3 0.00 0.00 1,~~592~~600,~~568~~442.8833 ~~53,589.18~~ 0.00 B-4 0.00 ~~796,307~~0.5200 26800,~~795~~244.3736 0.00 B-5 0.00 ~~637,027~~0.5500 21640,~~435~~176.6793 0.00 B-6 74,019.96 0.00 ~~637~~566,~~172~~302.2741 2174,~~440~~019.5496 ~~0.00~~ R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 74,019.96 0.00 6667,~~954~~210,~~235~~220.4302 474,~~131,889~~019.1696 ~~0.00~~ All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 129,498,400.00 9,~~668~~124,~~572~~418.1381 12,~~638~~130.3598 ~~531~~9,~~514~~112,287.9783 0.00 0.00 II-A 59,280,900.00 3,~~926~~921,~~701~~694.0061 4,~~689~~714.3449 ~~317~~3,916,980.0512 0.00 0.00 III-A 30,541,200.00 5,~~921~~299,~~521~~644.6083 32,~~010~~557.6324 ~~618~~5,~~866~~297,087.1459 0.00 0.00 IV-A 46,458,500.00 1,~~164~~044,~~838~~434.3980 21,~~213~~099.9338 ~~118~~1,~~189~~043,335.6642 0.00 0.00 V-A-1 70,000,000.00 65,~~009~~470,~~269~~865.6967 87,~~137~~594.2026 ~~530~~5,~~266~~463,271.8242 0.00 0.00 V-A-2 146,840,100.00 1211,~~605~~476,~~739~~320.4689 1715,~~069~~930.5359 111,~~112~~460,~~349~~390.0430 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 11,~~167~~051,~~258~~782.7539 1,~~213~~219.5316 ~~114~~11,~~262~~050,563.8423 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 9,~~625~~213,~~339~~115.2260 9,~~777~~379.1663 ~~402~~9,~~446~~203,735.4797 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 43,~~095~~981,~~084~~399.0410 4,~~479~~217.0730 ~~109~~3,~~205~~977,181.8681 0.00 0.00 B-2 5,864,400.00 2,~~784~~707,~~792~~482.0151 32,~~045~~867.9290 742,~~263~~704,614.5861 0.00 0.00 B-3 3,449,500.00 1,~~638~~592,~~043~~568.1188 1,~~791~~686.6493 431,~~682~~590,881.6095 0.00 0.00 B-4 1,724,800.00 ~~819~~796,~~045~~307.3052 ~~895~~843.8549 21795,~~841~~464.9303 0.00 0.00 B-5 1,379,800.00 ~~655~~637,~~217~~027.2455 ~~716~~674.6677 17636,~~473~~352.0478 0.00 0.00 B-6 1,380,114.00 ~~655~~637,~~366~~172.1027 ~~716~~674.8292 17562,477.0139 0.00 074,019.0096 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 Totals 689,905,814.00 7066,~~736~~954,~~788~~235.0443 7065,~~395~~591.6304 366,~~712~~814,~~157~~624.0145 0.00 074,019.0096 (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 ~~544,153.31~~ 9,124,418.81 0.~~07045970~~00 ~~544~~0.00000000 9,~~153~~124,418.3181 II-A ~~5,006.39~~ 3,921,694.61 0.~~06615444~~00 50.00000000 3,~~006~~921,694.3961 III-A ~~621,876.77~~ 5,299,644.83 0.~~17352445~~00 ~~621~~0.00000000 5,~~876~~299,644.7783 IV-A ~~120,403.60~~ 1,044,434.80 0.~~02248103~~00 ~~120~~0.00000000 1,~~403~~044,434.6080 V-A-1 ~~538,404.02~~ 5,470,865.67 0.~~07815522~~00 ~~538~~0.00000000 5,~~404~~470,865.0267 V-A-2 ~~1,129,418.57~~ 11,476,320.89 0.~~07815522~~00 10.00000000 11,~~129~~476,~~418~~320.5789 V-X 0.00 0.00 0.00000000 0.00 VI-A ~~115,476.37~~ 11,051,782.39 0.~~14986524~~00 ~~115~~0.00000000 11,~~476~~051,782.3739 VI-X 0.00 0.00 0.00000000 0.00 VII-A ~~412,223.62~~ 9,213,115.60 0.~~08291178~~00 ~~412~~0.00000000 9,~~223~~213,115.6260 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~113,684.93~~ 3,981,399.10 0.~~46168108~~00 ~~113~~0.00000000 3,~~684~~981,399.9310 B-2 ~~77,309.50~~ 2,707,482.51 0.~~46168108~~00 770.00000000 2,~~309~~707,482.5051 B-3 ~~45,474.24~~ 1,592,568.88 0.~~46168108~~00 450.00000000 1,~~474~~592,568.2488 B-4 ~~22,737.78~~ 796,307.52 0.~~46168108~~00 220.00000000 796,~~737~~307.7852 B-5 ~~18,189.69~~ 637,027.55 0.~~46168108~~00 180.00000000 637,~~189~~027.6955 B-6 ~~18,193.83~~ 637,172.27 0.~~46168090~~00 180.00000000 563,~~193~~152.8331 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals ~~3,782,552.62~~ 66,954,235.43 0.~~09704837~~00 30.00000000 66,~~782~~880,~~552~~215.6247

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 7470.~~66171111~~45970305 0.~~09759464~~09367668 470.~~10441341~~36602638 0.00000000 II-A 59,280,900.00 66.~~23888976~~15443777 0.~~07910372~~07952798 066.~~00534827~~07490979 0.00000000 III-A 30,541,200.00 ~~193~~173.~~88634369~~52444665 0.~~09857602~~08373083 20173.~~26332102~~44071582 0.00000000 IV-A 46,458,500.00 2522.~~07266464~~48102715 0.~~04765393~~02366370 222.~~54398356~~45736345 0.00000000 V-A-1 70,000,000.00 8578.~~84670986~~15522386 0.~~11624571~~10848943 778.~~57524029~~04673457 0.00000000 V-A-2 146,840,100.00 8578.~~84670986~~15522388 0.~~11624570~~10848937 778.~~57524028~~04673451 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~151~~149.~~43113481~~86524324 0.~~01645580~~01653215 1149.~~54943589~~84871110 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 8682.~~62151306~~91178056 0.~~08798780~~08441030 382.~~62174479~~82737026 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~474~~461.~~86392616~~68107657 0.~~51939075~~48903603 12461.~~66345768~~19204170 0.00000000 B-2 5,864,400.00 ~~474~~461.~~86392640~~68107735 0.~~51939158~~48903554 12461.~~66345747~~19204181 0.00000000 B-3 3,449,500.00 ~~474~~461.~~86392521~~68107842 0.~~51939122~~48903609 12461.~~66345847~~19204232 0.00000000 B-4 1,724,800.00 ~~474~~461.~~86392625~~68107607 0.~~51939355~~48903641 12461.~~66345663~~19203966 0.00000000 B-5 1,379,800.00 ~~474~~461.~~86392231~~68107697 0.~~51939412~~48903464 12461.~~66345847~~19204232 0.00000000 B-6 1,380,114.00 ~~474~~461.~~86374314~~68089738 0.~~51939188~~48903207 12407.~~66345389~~55864371 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 ~~4.20200798~~ 70.45970305 0.~~07045970~~00000000 40.~~20200798~~00000000 70.45970305 II-A 0.00000000 ~~0.08445199~~ 66.15443777 0.~~06615444~~00000000 0.~~08445199~~00000000 66.15443777 III-A 0.00000000 ~~20.36189704~~ 173.52444665 0.~~17352445~~00000000 200.~~36189704~~00000000 173.52444665 IV-A 0.00000000 ~~2.59163770~~ 22.48102715 0.~~02248103~~00000000 20.~~59163770~~00000000 22.48102715 V-A-1 0.00000000 ~~7.69148600~~ 78.15522386 0.~~07815522~~00000000 70.~~69148600~~00000000 78.15522386 V-A-2 0.00000000 ~~7.69148598~~ 78.15522388 0.~~07815522~~00000000 70.~~69148598~~00000000 78.15522388 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 ~~1.56589170~~ 149.86524324 0.~~14986524~~00000000 10.~~56589170~~00000000 149.86524324 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 ~~3.70973250~~ 82.91178056 0.~~08291178~~00000000 30.~~70973250~~00000000 82.91178056 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 ~~13.18284843~~ 461.68107657 0.~~46168108~~00000000 130.~~18284843~~00000000 461.68107657 B-2 0.00000000 ~~13.18284906~~ 461.68107735 0.~~46168108~~00000000 130.~~18284906~~00000000 461.68107735 B-3 0.00000000 ~~13.18284969~~ 461.68107842 0.~~46168108~~00000000 130.~~18284969~~00000000 461.68107842 B-4 0.00000000 ~~13.18285019~~ 461.68107607 0.~~46168108~~00000000 130.~~18285019~~00000000 461.68107607 B-5 0.00000000 ~~13.18284534~~ 461.68107697 0.~~46168108~~00000000 130.~~18284534~~00000000 461.68107697 B-6 053.~~00000000~~63322160 ~~13.18284576~~ 461.68089738 0.~~46168090~~00000000 130.~~18284576~~00000000 408.04767577 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~56254~~53972% 9,~~668~~124,~~572~~418.1381 4442,~~818~~122.1931 0.00 0.00 II-A 59,280,900.00 5.~~89400~~89410% 3,~~926~~921,~~701~~694.0061 19,~~286~~262.6538 0.00 0.00 III-A 30,541,200.00 5.~~93760~~96720% 5,~~921~~299,~~521~~644.6083 2926,~~299~~353.6739 0.00 0.00 IV-A 46,458,500.00 6.~~84309~~95224% 1,~~164~~044,~~838~~434.3980 6,~~642~~050.5797 0.00 0.00 V-A-1 70,000,000.00 5.~~32037~~27337% 65,~~009~~470,~~269~~865.6967 2624,~~642~~041.9360 0.00 0.00 V-A-2 146,840,100.00 5.~~81537~~76837% 1211,~~605~~476,~~739~~320.4689 6155,~~089~~166.1643 0.00 0.00 V-X 0.00 0.49500% 65,~~009~~470,~~269~~865.6967 2,~~478~~256.8273 0.00 0.00 VI-A 73,744,800.00 5.~~57384~~57487% 11,~~167~~051,~~258~~782.7539 51,~~870~~343.3858 0.00 0.00 VI-X 0.00 0.47900% 11,~~167~~051,~~258~~782.7539 4,~~457~~411.6050 0.00 0.00 VII-A 111,119,500.00 5.~~58681~~58111% 9,~~625~~213,~~339~~115.2260 4442,~~812~~849.4954 0.00 0.00 VII-X 0.00 0.64700% 9,~~625~~213,~~339~~115.2260 54,~~189~~967.6640 0.00 0.00 B-1 8,623,700.00 5.~~94486~~93264% 43,~~095~~981,~~084~~399.0410 2019,~~287~~683.2452 0.00 0.00 B-2 5,864,400.00 5.~~94486~~93264% 2,~~784~~707,~~792~~482.0151 13,~~795~~385.9944 0.00 0.00 B-3 3,449,500.00 5.~~94486~~93264% 1,~~638~~592,~~043~~568.1188 87,~~114~~873.9445 0.00 0.00 B-4 1,724,800.00 5.~~94486~~93264% ~~819~~796,~~045~~307.3052 43,~~057~~936.5984 0.00 0.00 B-5 1,379,800.00 5.~~94486~~93264% ~~655~~637,~~217~~027.2455 3,~~245~~149.9838 0.00 0.00 B-6 1,380,114.00 5.~~94486~~93264% ~~655~~637,~~366~~172.1027 3,~~246~~150.7110 0.00 0.00 R-I 50.00 50.~~64190~~00000% 0.00 0.00 0.00 0.00 R-II 50.00 50.~~64190~~00000% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~349~~330,~~336~~004.5756 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.00 0.00 4442,~~818~~122.1931 0.00 ~~9,124,418~~0.8100 II-A 0.00 0.00 19,~~286~~262.6538 0.00 ~~3,921,694~~0.6100 III-A 0.00 0.00 2926,~~299~~353.6639 0.00 ~~5,299,644~~0.8300 IV-A 0.00 0.00 6,~~642~~050.5797 0.00 ~~1,044,434~~0.8000 V-A-1 0.00 0.00 2624,~~642~~041.9360 0.00 ~~5,470,865~~0.6700 V-A-2 0.00 0.00 6155,~~089~~166.1643 0.00 ~~11,476,320~~0.8900 V-X 0.00 0.00 2,~~478~~256.8273 0.00 ~~5,470,865~~0.6700 VI-A 0.00 0.00 51,~~870~~343.3858 0.00 ~~11,051,782~~0.3900 VI-X 0.00 0.00 4,~~457~~411.6050 0.00 ~~11,051,782~~0.3900 VII-A 0.00 0.00 4442,~~812~~849.4853 0.00 ~~9,213,115~~0.6000 VII-X 0.00 0.00 54,~~189~~967.6640 0.00 ~~9,213,115~~0.6000 B-1 0.00 0.00 2019,~~287~~683.2352 0.00 ~~3,981,399~~0.1000 B-2 0.00 0.00 13,~~795~~385.9944 0.00 ~~2,707,482~~0.5100 B-3 0.00 0.00 87,~~114~~873.9445 0.00 ~~1,592,568~~0.8800 B-4 0.00 0.00 43,~~057~~936.5984 0.00 ~~796,307~~0.5200 B-5 0.00 0.00 3,~~245~~149.9838 0.00 ~~637,027~~0.5500 B-6 0.00 0.00 3,~~246~~150.7110 0.00 ~~637,172~~0.2700 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~349~~330,~~336~~004.5455 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 129,498,400.00 5.~~56254~~53972% 7470.~~66171111~~45970305 0.~~34609069~~32527282 0.00000000 0.00000000 II-A 59,280,900.00 5.~~89400~~89410% 66.~~23888976~~15443777 0.~~32534341~~32493400 0.00000000 0.00000000 III-A 30,541,200.00 5.~~93760~~96720% ~~193~~173.~~88634369~~52444665 0.~~95934901~~86287998 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~84309~~95224% 2522.~~07266464~~48102715 0.~~14297857~~13024463 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~32037~~27337% 8578.~~84670986~~15522386 0.~~38061329~~34345143 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~81537~~76837% 8578.~~84670986~~15522388 0.~~41602505~~37569050 0.00000000 0.00000000 V-X 0.00 0.49500% 8578.~~84670986~~15522386 0.~~03541171~~03223900 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~57384~~57487% ~~151~~149.~~43113481~~86524324 0.~~70337678~~69623323 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~151~~149.~~43113481~~86524324 0.~~06044630~~05982117 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~58681~~58111% 8682.~~62151306~~91178056 0.~~40328196~~38561675 0.00000000 0.00000000 VII-X 0.00 0.64700% 8682.~~62151306~~91178056 0.~~04670341~~04470322 0.00000000 0.00000000 B-1 8,623,700.00 5.~~94486~~93264% ~~474~~461.~~86392616~~68107657 2.~~35249835~~28249127 0.00000000 0.00000000 B-2 5,864,400.00 5.~~94486~~93264% ~~474~~461.~~86392640~~68107735 2.~~35249812~~28249096 0.00000000 0.00000000 B-3 3,449,500.00 5.~~94486~~93264% ~~474~~461.~~86392521~~68107842 2.~~35249746~~28249022 0.00000000 0.00000000 B-4 1,724,800.00 5.~~94486~~93264% ~~474~~461.~~86392625~~68107607 2.~~35249884~~28249072 0.00000000 0.00000000 B-5 1,379,800.00 5.~~94486~~93264% ~~474~~461.~~86392231~~68107697 2.~~35250036~~28249022 0.00000000 0.00000000 B-6 1,380,114.00 5.~~94486~~93264% ~~474~~461.~~86374314~~68089738 2.~~35249407~~28249261 0.00000000 0.00000000 R-I 50.00 50.~~64190~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 50.~~64190~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 0.~~34609069~~32527282 0.00000000 700.~~45970305~~00000000 II-A 0.00000000 0.00000000 0.~~32534341~~32493400 0.00000000 660.~~15443777~~00000000 III-A 0.00000000 0.00000000 0.~~95934868~~86287998 0.00000000 ~~173~~0.~~52444665~~00000000 IV-A 0.00000000 0.00000000 0.~~14297857~~13024463 0.00000000 220.~~48102715~~00000000 V-A-1 0.00000000 0.00000000 0.~~38061329~~34345143 0.00000000 780.~~15522386~~00000000 V-A-2 0.00000000 0.00000000 0.~~41602505~~37569050 0.00000000 780.~~15522388~~00000000 V-X 0.00000000 0.00000000 0.~~03541171~~03223900 0.00000000 780.~~15522386~~00000000 VI-A 0.00000000 0.00000000 0.~~70337678~~69623323 0.00000000 ~~149~~0.~~86524324~~00000000 VI-X 0.00000000 0.00000000 0.~~06044630~~05982117 0.00000000 ~~149~~0.~~86524324~~00000000 VII-A 0.00000000 0.00000000 0.~~40328187~~38561666 0.00000000 820.~~91178056~~00000000 VII-X 0.00000000 0.00000000 0.~~04670341~~04470322 0.00000000 820.~~91178056~~00000000 B-1 0.00000000 0.00000000 2.~~35249719~~28249127 0.00000000 ~~461~~0.~~68107657~~00000000 B-2 0.00000000 0.00000000 2.~~35249812~~28249096 0.00000000 ~~461~~0.~~68107735~~00000000 B-3 0.00000000 0.00000000 2.~~35249746~~28249022 0.00000000 ~~461~~0.~~68107842~~00000000 B-4 0.00000000 0.00000000 2.~~35249884~~28249072 0.00000000 ~~461~~0.~~68107607~~00000000 B-5 0.00000000 0.00000000 2.~~35250036~~28249022 0.00000000 ~~461~~0.~~68107697~~00000000 B-6 0.00000000 0.00000000 2.~~35249407~~28249261 0.00000000 ~~461~~0.~~68089738~~00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 467,~~147~~227,~~426~~010.6492 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1617,~~716~~431.2420 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 467,~~164~~244,~~142~~442.8812 Withdrawals Reimbursement for Servicer Advances 1316,~~724~~716.3024 Payment of Service Fee 1817,~~529~~505.4286 Payment of Interest and Principal 467,~~131~~210,~~889~~220.1602 Total Withdrawals (Pool Distribution Amount) 467,~~164~~244,~~142~~442.8812 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 1817,~~529~~505.4286 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1817,~~529~~505.4286

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 45 0 0 0 45 12,~~614~~192,~~198~~124.5811 0.00 0.00 0.00 12,~~614~~192,~~198~~124.5811 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~516,383~~0.3800 0.00 0.00 0.00 ~~516,383~~0.3800 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 Totals 5 0 1 1 7 2,~~130~~192,~~581~~124.9611 0.00 369,860.01 496,117.44 23,~~996~~058,~~559~~101.4156 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 2.~~094241~~793296% 0.000000% 0.000000% 0.000000% 2.~~094241~~793296% 23.~~408589~~540418% 0.000000% 0.000000% 0.000000% 23.~~408589~~540418% 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.~~523560~~000000% 0.000000% 0.000000% 0.000000% 0.~~523560~~000000% 0.~~770510~~000000% 0.000000% 0.000000% 0.000000% 0.~~770510~~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.~~523560~~558659% 0.~~523560~~558659% 1.~~047120~~117318% 0.000000% 0.000000% 0.~~551878~~597347% 0.~~740270~~801261% 1.~~292148~~398608% Totals 2.~~617801~~793296% 0.000000% 0.~~523560~~558659% 0.~~523560~~558659% 3.~~664921~~910615% 3.~~179099~~540418% 0.000000% 0.~~551878~~597347% 0.~~740270~~801261% 4.~~471248~~939026%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 Totals 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 45.~~347826~~555556% 45.~~347826~~555556% 811.~~695652~~111111% 0.000000% 0.000000% 34.~~387156~~255380% 45.~~543414~~708019% 79.~~930570~~963399% Totals 0.000000% 0.000000% 45.~~347826~~555556% 45.~~347826~~555556% 811.~~695652~~111111% 0.000000% 0.000000% 34.~~387156~~255380% 45.~~543414~~708019% 79.~~930570~~963399% 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 12 0 0 0 12 ~~536~~866,~~608~~187.8882 0.00 0.00 0.00 ~~536~~866,~~608~~187.8882 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 12 0 0 0 12 ~~536~~866,~~608~~187.8882 0.00 0.00 0.00 ~~536~~866,~~608~~187.8882 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 37.~~333333~~142857% 0.000000% 0.000000% 0.000000% 37.~~333333~~142857% 916.~~118167~~307143% 0.000000% 0.000000% 0.000000% 916.~~118167~~307143% 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 37.~~333333~~142857% 0.000000% 0.000000% 0.000000% 37.~~333333~~142857% 916.~~118167~~307143% 0.000000% 0.000000% 0.000000% 916.~~118167~~307143% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0130,015.0004 0.00 0.00 0.00 0130,015.0004 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 0130,015.0004 0.00 0.00 0.00 0130,015.0004 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~960784% 0.000000% 0.000000% 0.000000% 01.~~000000~~960784% 0.~~000000~~679403% 0.000000% 0.000000% 0.000000% 0.~~000000~~679403% 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~~960784% 0.000000% 0.000000% 0.000000% 01.~~000000~~960784% 0.~~000000~~679403% 0.000000% 0.000000% 0.000000% 0.~~000000~~679403% 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 12 0 0 0 12 ~~135~~1,~~900~~195,921.0025 0.00 0.00 0.00 ~~135~~1,~~900~~195,921.0025 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~516,383~~0.3800 0.00 0.00 0.00 ~~516,383~~0.3800 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 2 0 0 0 2 ~~652~~1,~~283~~195,921.3825 0.00 0.00 0.00 ~~652~~1,~~283~~195,921.3825 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 24.~~272727~~545455% 0.000000% 0.000000% 0.000000% 24.~~272727~~545455% 19.~~093756~~628959% 0.000000% 0.000000% 0.000000% 19.~~093756~~628959% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 20.~~272727~~000000% 0.000000% 0.000000% 0.000000% 20.~~272727~~000000% 40.~~155976~~000000% 0.000000% 0.000000% 0.000000% 40.~~155976~~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 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 59.~~249732~~628959% 0.000000% 0.000000% 0.000000% 59.~~249732~~628959% 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 20 0 0 0 20 ~~941,689~~0.7000 0.00 0.00 0.00 ~~941,689~~0.7000 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 20 0 0 0 20 ~~941,689~~0.7000 0.00 0.00 0.00 ~~941,689~~0.7000 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 70.~~692308~~000000% 0.000000% 0.000000% 0.000000% 70.~~692308~~000000% 80.~~534753~~000000% 0.000000% 0.000000% 0.000000% 80.~~534753~~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 70.~~692308~~000000% 0.000000% 0.000000% 0.000000% 70.~~692308~~000000% 80.~~534753~~000000% 0.000000% 0.000000% 0.000000% 80.~~534753~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1617,~~716~~431.2420

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% ~~57,829,816~~0.6200 860.~~37215592~~00000000% 130.~~627844~~000000% 0.000000% Class 2A 501,126,514.00 72.63694606% ~~53,908,122~~0.0100 800.~~51487955~~00000000% 50.~~857276~~000000% 370.~~883603~~000000% Class 3A 470,585,314.00 68.21008092% ~~48,608,477~~0.1800 720.~~59955530~~00000000% 70.~~915324~~000000% 510.~~194614~~000000% Class B-1 13,798,714.00 2.00008664% ~~6,370,558~~0.7300 90.~~51479572~~00000000% 50.~~946448~~000000% 380.~~460349~~000000% Class B-2 7,934,314.00 1.15005756% ~~3,663,076~~0.2200 50.~~47101494~~00000000% 40.~~043781~~000000% 260.~~154304~~000000% Class B-3 4,484,814.00 0.65006178% ~~2,070,507~~0.3400 30.~~09242175~~00000000% 20.~~378593~~000000% 150.~~384229~~000000% Class B-4 2,760,014.00 0.40005664% ~~1,274,199~~0.8200 10.~~90309069~~00000000% 10.~~189331~~000000% 70.~~692337~~000000% Class B-5 1,380,214.00 0.20005832% ~~637,172~~0.2700 0.~~95165342~~00000000% 0.~~951437~~000000% 60.~~153692~~000000% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~951653~~000000% 60.~~155090~~000000% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~240588~~228321% Weighted Average Net Coupon 5.~~926250~~914569% Weighted Average Pass-Through Rate 5.~~926250~~914569% Weighted Average Maturity (Stepdown Calculation ) ~~328~~0 Beginning Scheduled Collateral Loan Count ~~201~~191 Number Of Loans Paid In Full 1012 Ending Scheduled Collateral Loan Count ~~191~~179 Beginning Scheduled Collateral Balance 7066,~~736~~954,~~788~~235.0443 Ending Scheduled Collateral Balance ~~66,954,235~~0.4300 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 6761,~~018~~917,~~419~~102.3278 Monthly P &I Constant ~~438~~413,~~261~~101.5845 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 356,~~783~~881,~~550~~103.7542 Ending Scheduled Balance for Premium Loans ~~66,954,235~~0.4300 Scheduled Principal 7065,~~395~~591.6104 Unscheduled Principal 366,~~712~~888,~~157~~644.0039

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 8483.~~149836~~730025% Senior Prepayment Percentage Grp 1 9291.~~074918~~865012% Subordinate Percentage Group 1 1516.~~850164~~269975% Subordinate Prepayment Pct Group 1 78.~~925082~~134988% Average Loss Severity Group 2 0 Senior Percentage Group 2 81.~~753458~~752794% Senior Prepayment Percentage Grp 2 90.~~876729~~876397% Subordinate Percentage Group 2 18.~~246542~~247206% Subordinate Prepayment Pct Group 2 9.~~123271~~123603% Average Loss Severity Group 3 0 Senior Percentage Group 3 90.~~608653~~090314% Senior Prepayment Percentage Grp 3 95.~~304326~~045157% Subordinate Percentage Group 3 9.~~391347~~909686% Subordinate Prepayment Pct Group 3 4.~~695674~~954843% Average Loss Severity Group 4 0 Senior Percentage Group 4 6665.~~829103~~358533% Senior Prepayment Percentage Grp 4 8382.~~414552~~679266% Subordinate Percentage Group 4 3334.~~170897~~641467% Subordinate Prepayment Pct Group 4 1617.~~585448~~320734% Average Loss Severity Group 5 0 Senior Percentage Group 5 8483.~~058574~~358795% Senior Prepayment Percentage Grp 5 9291.~~029287~~679398% Subordinate Percentage Group 5 1516.~~941426~~641205% Subordinate Prepayment Pct Group 5 78.~~970713~~320602% Average Loss Severity Group 6 0 Senior Percentage Group 6 8988.~~006229~~952735% Senior Prepayment Percentage Grp 6 94.~~503114~~476368% Subordinate Percentage Group 6 1011.~~993771~~047265% Subordinate Prepayment Pct Group 6 5.~~496886~~523632% Average Loss Severity Group 7 0 Senior Percentage Group 7 83.~~889664~~569849% Senior Prepayment Percentage Grp 7 91.~~944832~~784925% Subordinate Percentage Group 7 16.~~110336~~430151% Subordinate Prepayment Pct Group 7 8.~~055168~~215075%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~930801~~907627 6.~~153492~~153590 6.~~259134~~290667 Weighted Average Net Rate 5.~~562541~~539725 5.~~894000~~894097 5.~~937596~~967205 Weighted Average Maturity ~~329~~328 ~~327~~326 ~~329~~328 Beginning Loan Count 2423 11 3230 Loans Paid In Full 5 1 0 2 Ending Loan Count 2318 1110 3028 Beginning Scheduled Balance 1110,~~489~~897,~~710~~427.0258 4,~~803~~797,~~100~~016.8300 65,~~535~~882,~~271~~591.6713 Ending scheduled Balance ~~10,897,427~~0.5800 ~~4,797,016~~0.00 ~~5,882,591~~0.1300 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 7168,~~804~~136.8549 30,365.82 3733,~~410~~676.2938 Scheduled Principal 1514,~~018~~488.8621 5,~~735~~766.9576 32,~~322~~838.6753 Unscheduled Principal ~~577~~10,~~263~~882,939.5837 ~~348~~4,791,249.8824 ~~649~~5,~~357~~879,752.8760 Scheduled Interest 5653,~~785~~648.9928 24,~~629~~599.8706 3430,~~087~~837.6285 Servicing Fees 3,~~526~~340.0099 1,~~038~~037.6433 1,~~751~~585.1266 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 5350,~~259~~307.9929 23,~~591~~561.2373 3229,~~336~~252.5019 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~562541~~539725 5.~~894000~~894098 5.~~937595~~967204

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~093086~~202238 6.~~077718~~026777 6.~~416101~~417039 Weighted Average Net Rate 6.~~843084~~952237 5.~~815366~~768374 6.~~052835~~053874 Weighted Average Maturity ~~316~~315 ~~328~~327 ~~330~~329 Beginning Loan Count 43 5854 4544 Loans Paid In Full 10 43 10 Ending Loan Count 3 5451 44 Beginning Scheduled Balance 1,~~743~~598,~~010~~008.6633 2220,~~145~~330,~~282~~412.9503 12,~~546~~424,~~603~~331.6415 Ending scheduled Balance ~~1,598,008~~0.3300 ~~20,330,412~~0.0300 ~~12,424,331~~0.1500 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 1311,~~615~~273.6011 ~~142~~130,~~147~~326.7690 6867,~~446~~810.9808 Scheduled Principal 31,~~312~~682.8308 2928,~~987~~221.1019 1,~~363~~370.4257 Unscheduled Principal ~~141~~1,~~689~~596,326.5025 120,~~784~~302,~~883~~190.8284 ~~120~~12,~~909~~422,960.0758 Scheduled Interest 109,~~302~~591.7703 ~~112~~102,~~160~~105.6671 6766,~~083~~439.5651 Servicing Fees ~~363~~332.1392 4,~~841~~377.5586 3,~~798~~760.1306 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 9,~~939~~258.6411 ~~107~~97,~~319~~727.1185 6362,~~285~~679.4345 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~843086~~952238 5.~~815366~~768374 6.~~052835~~053874

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~569623~~562393 6.~~240588~~228321 Weighted Average Net Rate 6.~~233813~~228113 5.~~926250~~914569 Weighted Average Maturity ~~329~~328.00 ~~328~~0.00 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 7471,~~470~~512.2867 ~~438~~413,~~261~~101.5845 Beginning Loan Count 2726 ~~201~~191 Loans Paid In Full 1 1012 Ending Loan Count 2625 ~~191~~179 Beginning Scheduled Balance 11,~~473~~024,~~808~~449.2721 7066,~~736~~954,~~788~~235.0443 Ending Scheduled Balance ~~11,024,449~~0.2100 ~~66,954,235~~0.4300 Scheduled Principal 11,~~654~~223.78 70 65,~~395~~591.6104 Unscheduled Principal ~~437~~11,~~704~~013,225.2851 366,~~712~~888,~~157~~644.0039 Scheduled Interest 6260,~~815~~288.5097 ~~367~~347,~~865~~510.9741 Servicing Fee 3,~~210~~071.8504 1817,~~529~~505.4286 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 5957,~~604~~217.6593 ~~349~~330,~~336~~004.55 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~233814~~228113 5.~~926250~~914569

Filing Compare · BEAR STEARNS ARM TRUST 2002-7