8-K 1 arc01bc2.txt JULY 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): July 25, 2001 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-35026 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (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) ITEM 5. Other Events On July 25, 2001 a distribution was made to holders of AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2001-BC2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC2 Trust, relating to the July 25, 2001 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. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC2 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Sherri Sharps, Vice President By: Sherri Sharps, Vice President Date: 7/30/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC2 Trust, relating to the July 25, 2001 distribution. EX-99.1

Amortizing Residential Collateral Mortgage Trust Mortgage Pass-Through Certificates Record Date: 56/3130/01 Distribution Date: 67/25/01 ARC Series: 2001-BC2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 8635725W9 SEN 9.~~79208~~85188% ~~280~~275,~~691~~665,~~500~~190.2425 2,~~364~~362,~~212~~192.1151 54,~~026~~930,~~310~~130.0006 M1 8635725Y5 SUB 9.~~79208~~85188% 10,289,000.00 8688,~~662~~167.3309 0.00 M2 8635725Z2 SUB 9.~~79208~~85188% 4,749,000.00 3940,~~999~~694.9448 0.00 M3 8635726A6 SUB 9.~~79208~~85188% 3,166,000.00 2930,~~370~~825.5172 0.00 B1 8635725T6 SUB 9.~~79208~~85188% 5,223,000.00 42,~~620~~880.0232 0.00 B2 8635725U3 SUB 9.~~79208~~85188% 2,532,000.00 20,~~661~~787.2947 0.00 B3 8635725V1 SUB 9.~~79208~~85188% 2,535,815.00 20,~~692~~818.4279 0.00 R 8635725X7 SEN 9.~~79208~~85188% 9795.4368 0.8382 1.7471 Totals ~~309~~304,~~186~~160,~~412~~100.6793 2,~~604~~606,~~219~~367.4520 54,~~026~~930,~~311~~131.7477

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~275~~270,~~665~~735,~~190~~060.2519 7,~~390~~292,~~522~~322.1157 0.00 M1 0.00 10,289,000.00 8688,~~662~~167.3309 0.00 M2 0.00 4,749,000.00 3940,~~999~~694.9448 0.00 M3 0.00 3,166,000.00 2930,~~370~~825.5172 0.00 B1 0.00 5,223,000.00 42,~~620~~880.0232 0.00 B2 0.00 2,532,000.00 20,~~661~~787.2947 0.00 B3 05,356.0027 2,~~535~~530,~~815~~458.0073 20,~~692~~818.4279 05,356.0027 R 0.00 9593.6897 2.5753 0.00 Totals 05,356.0027 ~~304~~299,~~160~~224,~~100~~612.9389 7,~~630~~536,~~531~~498.1997 05,356.0027 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 288,107,000.00 ~~280~~275,~~691~~665,~~500~~190.2425 0.00 54,~~026~~930,~~310~~130.0006 0.00 0.00 M1 10,289,000.00 10,289,000.00 0.00 0.00 0.00 0.00 M2 4,749,000.00 4,749,000.00 0.00 0.00 0.00 0.00 M3 3,166,000.00 3,166,000.00 0.00 0.00 0.00 0.00 B1 5,223,000.00 5,223,000.00 0.00 0.00 0.00 0.00 B2 2,532,000.00 2,532,000.00 0.00 0.00 0.00 0.00 B3 2,535,815.00 2,535,815.00 0.00 0.00 0.00 05,356.0027 R 100.00 9795.4368 0.00 1.7471 0.00 0.00 Totals 316,601,915.00 ~~309~~304,~~186~~160,~~412~~100.6793 0.00 54,~~026~~930,~~311~~131.7477 0.00 05,356.0027 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 54,~~026~~930,~~310~~130.0006 ~~275~~270,~~665~~735,~~190~~060.2519 0.~~95681532~~93970317 54,~~026~~930,~~310~~130.0006 M1 0.00 10,289,000.00 1.00000000 0.00 M2 0.00 4,749,000.00 1.00000000 0.00 M3 0.00 3,166,000.00 1.00000000 0.00 B1 0.00 5,223,000.00 1.00000000 0.00 B2 0.00 2,532,000.00 1.00000000 0.00 B3 05,356.0027 2,~~535~~530,~~815~~458.0073 10.~~00000000~~99788775 0.00 R 1.7471 9593.6897 0.~~95680000~~93970000 1.7471 Totals 54,~~026~~935,~~311~~488.7404 ~~304~~299,~~160~~224,~~100~~612.9389 0.~~96070203~~94511309 54,~~026~~930,~~311~~131.7477

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 288,107,000.00 ~~974~~956.~~26129959~~81531601 0.00000000 17.~~44598361~~11214951 0.00000000 M1 10,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 3,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 5,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 2,532,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 2,535,815.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 100.00 ~~974~~956.~~30000000~~80000000 0.00000000 17.~~40000000~~10000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 17.~~44598361~~11214951 ~~956~~939.~~81531601~~70316650 0.~~95681532~~93970317 17.~~44598361~~11214951 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 02.~~00000000~~11224794 02.~~00000000~~11224794 ~~1,000~~997.~~00000000~~88775206 10.~~00000000~~99788775 0.00000000 R 0.00000000 17.~~40000000~~10000000 ~~956~~939.~~80000000~~70000000 0.~~95680000~~93970000 17.~~40000000~~10000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 288,107,000.00 9.~~79208~~85188% ~~280~~275,~~691~~665,~~500~~190.2425 2,~~290~~263,~~461~~184.1318 0.00 0.00 M1 10,289,000.00 9.~~79208~~85188% 10,289,000.00 8384,~~958~~471.9268 0.00 0.00 M2 4,749,000.00 9.~~79208~~85188% 4,749,000.00 38,~~752~~988.1582 0.00 0.00 M3 3,166,000.00 9.~~79208~~85188% 3,166,000.00 25,~~834~~992.7755 0.00 0.00 B1 5,223,000.00 9.~~79208~~85188% 5,223,000.00 42,~~620~~880.0232 0.00 0.00 B2 2,532,000.00 9.~~79208~~85188% 2,532,000.00 20,~~661~~787.2947 0.00 0.00 B3 2,535,815.00 9.~~79208~~85188% 2,535,815.00 20,~~692~~818.4279 0.00 0.00 R 100.00 9.~~79208~~85188% 9795.4368 0.8079 0.00 0.00 Totals 316,601,915.00 2,~~522~~497,~~981~~124.5060 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 2,~~364~~362,~~212~~192.1151 0.00 ~~275~~270,~~665~~735,~~190~~060.2519 M1 0.00 0.00 8688,~~662~~167.3309 0.00 10,289,000.00 M2 0.00 0.00 3940,~~999~~694.9448 0.00 4,749,000.00 M3 0.00 0.00 2930,~~370~~825.5172 0.00 3,166,000.00 B1 0.00 0.00 42,~~620~~880.0232 0.00 5,223,000.00 B2 0.00 0.00 20,~~661~~787.2947 0.00 2,532,000.00 B3 0.00 0.00 20,~~692~~818.4279 0.00 2,~~535~~530,~~815~~458.0073 R 0.00 0.00 0.8382 0.00 9593.6897 Totals 0.00 0.00 2,~~604~~606,~~219~~367.4520 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 288,107,000.00 9.~~79208~~85188% ~~974~~956.~~26129959~~81531601 7.~~95003638~~85535992 0.00000000 0.00000000 M1 10,289,000.00 9.~~79208~~85188% 1000.00000000 8.~~16006609~~20990184 0.00000000 0.00000000 M2 4,749,000.00 9.~~79208~~85188% 1000.00000000 8.~~16006528~~20990103 0.00000000 0.00000000 M3 3,166,000.00 9.~~79208~~85188% 1000.00000000 8.~~16006633~~20990208 0.00000000 0.00000000 B1 5,223,000.00 9.~~79208~~85188% 1000.00000000 8.~~16006510~~20990235 0.00000000 0.00000000 B2 2,532,000.00 9.~~79208~~85188% 1000.00000000 8.~~16006714~~20990126 0.00000000 0.00000000 B3 2,535,815.00 9.~~79208~~85188% 1000.00000000 8.~~16006688~~20990096 0.00000000 0.00000000 R 100.00 9.~~79208~~85188% ~~974~~956.~~30000000~~80000000 87.~~00000000~~90000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 8.~~20602106~~19901117 0.00000000 ~~956~~939.~~81531601~~70316650 M1 0.00000000 0.00000000 8.~~42281368~~56906308 0.00000000 1000.00000000 M2 0.00000000 0.00000000 8.~~42281322~~56906296 0.00000000 1000.00000000 M3 0.00000000 0.00000000 9.~~27685092~~73648768 0.00000000 1000.00000000 B1 0.00000000 0.00000000 8.~~16006510~~20990235 0.00000000 1000.00000000 B2 0.00000000 0.00000000 8.~~16006714~~20990126 0.00000000 1000.00000000 B3 0.00000000 0.00000000 8.~~16006688~~20990096 0.00000000 ~~1000~~997.~~00000000~~88775206 R 0.00000000 0.00000000 8.~~30000000~~20000000 0.00000000 ~~956~~939.~~80000000~~70000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,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 7,~~795~~662,~~896~~915.4680 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~217~~251,~~244~~087.8912 Realized Losses 0(5,356.0027) Total Deposits 87,~~013~~908,~~141~~646.3565 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~382~~372,~~610~~147.1668 Payment of Interest and Principal 7,~~630~~536,~~531~~498.1997 Total Withdrawals (Pool Distribution Amount) 87,~~013~~908,~~141~~646.3565 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~128~~126,~~827~~733.6738 Trustee Fee - First Union National Bank 291.67 Net Master Servicing Fee ~~1,288~~975.2867 Loss Mitigation Advisor's Fee 3,~~864~~802.8400 MGIC Insurance Premium ~~244~~240,~~258~~344.5996 ~~PMI Cost 4,079.11~~ Additional Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~382~~372,~~610~~147.1668

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 3 2 0 5 651,250.97 171,484.32 0.00 822,735.29 30 Days 79 0 2 ~~557~~0 81 12,~~604~~325,248.2376 0.00 133,963.83 0.00 ~~557~~12,~~604~~459,212.2359 3060 Days ~~125~~75 1 01 0 ~~126~~77 158,~~716~~467,~~417~~943.9085 73,614.53 063,157.0012 0.00 158,~~790~~604,~~032~~715.4350 6090 Days 1310 0 107 0 2317 1,~~930~~050,~~682~~965.3591 0.00 1,~~526~~344,~~327~~132.6480 0.00 32,~~457~~395,~~009~~098.9971 90120 Days 53 0 96 0 149 ~~589~~296,~~892~~141.2376 0.00 1,~~444~~105,~~503~~538.4076 0.00 21,~~034~~401,~~395~~680.6352 ~~120~~150 Days 0 1 4 0 5 0.00 314,289.77 658,032.67 0.00 972,322.44 ~~150~~180+ Days 1 0 0 0 1 142,767.19 0.00 0.00 0.00 142,767.19 ~~180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00~~ Totals ~~144~~168 45 2322 0 ~~171~~195 1822,~~379~~283,~~759~~067.6747 ~~945~~1,~~508~~039,155.5327 3,~~628~~476,~~863~~309.7150 0.00 2226,~~954~~798,~~131~~532.9124 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.~~085837~~130492% 0.~~000000~~086994% 0.000000% 0.~~085837~~217486% 0.~~183247~~217543% 0.~~000000~~057282% 0.000000% 0.~~183247~~274825% 30 Days 53.~~364807~~436277% 0.~~042918~~000000% 0.~~000000~~086994% 0.000000% 53.~~407725~~523271% 54.~~164923~~117103% 0.~~024192~~000000% 0.~~000000~~044749% 0.000000% 54.~~189115~~161852% 60 Days 03.~~557940~~262288% 0.~~000000~~043497% 0.~~429185~~043497% 0.000000% 03.~~987124~~349282% 02.~~634485~~828616% 0.~~000000~~024590% 0.~~501601~~021097% 0.000000% 12.~~136085~~874303% 90 Days 0.~~214592~~434972% 0.000000% 0.~~386266~~304480% 0.000000% 0.~~600858~~739452% 0.~~193858~~351063% 0.000000% 0.~~474711~~448992% 0.000000% 0.~~668568~~800054% 120 Days 0.~~000000~~130492% 0.~~042918~~000000% 0.~~171674~~260983% 0.000000% 0.~~214592~~391475% 0.~~000000~~098923% 0.~~103286~~000000% 0.~~216251~~369292% 0.000000% 0.~~319537~~468215% 150 Days 0.~~042918~~000000% 0.~~000000~~043497% 0.~~000000~~173989% 0.000000% 0.~~042918~~217486% 0.~~046918~~000000% 0.~~000000~~104985% 0.~~000000~~219808% 0.000000% 0.~~046918~~324793% 180+ Days 0.~~000000~~043497% 0.000000% 0.000000% 0.000000% 0.~~000000~~043497% 0.~~000000~~047690% 0.000000% 0.000000% 0.000000% 0.~~000000~~047690% Totals 67.~~180258~~307525% 0.~~171674~~217486% 0.~~987124~~956938% 0.000000% 78.~~339056~~481949% 67.~~040183~~443395% 0.~~310725~~347118% 1.~~192562~~161220% 0.000000% 78.~~543470~~951732%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 85 0 0 0 85 ~~739~~600,~~406~~111.8184 0.00 0.00 0.00 ~~739~~600,~~406~~111.8184 60 Days 16 0 0 0 16 82548,~~058~~360.1381 0.00 0.00 0.00 82548,~~058~~360.1381 90 Days 01 0 0 0 01 082,058.0013 0.00 0.00 0.00 082,058.0013 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 912 0 0 0 912 ~~821~~1,~~464~~230,530.9478 0.00 0.00 0.00 ~~821~~1,~~464~~230,530.9478 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 64.~~299213~~065041% 0.000000% 0.000000% 0.000000% 64.~~299213~~065041% 76.~~938022~~709559% 0.000000% 0.000000% 0.000000% 76.~~938022~~709559% 60 Days 04.~~787402~~878049% 0.000000% 0.000000% 0.000000% 04.~~787402~~878049% 06.~~880948~~130956% 0.000000% 0.000000% 0.000000% 06.~~880948~~130956% 90 Days 0.~~000000~~813008% 0.000000% 0.000000% 0.000000% 0.~~000000~~813008% 0.~~000000~~917452% 0.000000% 0.000000% 0.000000% 0.~~000000~~917452% 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 79.~~086614~~756098% 0.000000% 0.000000% 0.000000% 79.~~086614~~756098% 813.~~818970~~757967% 0.000000% 0.000000% 0.000000% 813.~~818970~~757967% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 3 2 0 5 651,250.97 171,484.32 0.00 822,735.29 30 Days 74 0 2 ~~557~~0 76 11,~~604~~725,136.2392 0.00 133,963.83 0.00 ~~557~~11,~~604~~859,100.2375 3060 Days ~~117~~69 1 01 0 ~~118~~71 147,~~977~~919,~~011~~583.0904 73,614.53 063,157.0012 0.00 158,~~050~~056,~~625~~354.6269 6090 Days 129 0 107 0 2216 1968,~~848,624~~907.2278 0.00 1,~~526~~344,~~327~~132.6480 0.00 32,~~374~~313,~~951~~040.8658 90120 Days 53 0 96 0 149 ~~589~~296,~~892~~141.2376 0.00 1,~~444~~105,~~503~~538.4076 0.00 21,~~034~~401,~~395~~680.6352 ~~120~~150 Days 0 1 4 0 5 0.00 314,289.77 658,032.67 0.00 972,322.44 ~~150~~180 Days 1 0 0 0 1 142,767.19 0.00 0.00 0.00 142,767.19 ~~180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00~~ Totals ~~135~~156 45 2322 0 ~~162~~183 1721,~~558~~052,~~294~~536.7369 ~~945~~1,~~508~~039,155.5327 3,~~628~~476,~~863~~309.7150 0.00 2225,~~132~~568,~~666~~001.9746 0-29 Days 0.~~090785~~137868% 0.~~000000~~091912% 0.000000% 0.~~090785~~229779% 0.~~189033~~224242% 0.~~000000~~059046% 0.000000% 0.~~189033~~283289% 30 Days 53.~~310940~~400735% 0.~~045393~~000000% 0.~~000000~~091912% 0.000000% 53.~~356332~~492647% 54.~~077354~~037264% 0.~~024956~~000000% 0.~~000000~~046127% 0.000000% 54.~~102310~~083391% 60 Days 03.~~544712~~170956% 0.~~000000~~045956% 0.~~453926~~045956% 0.000000% 03.~~998638~~262868% 02.~~626702~~726914% 0.~~000000~~025347% 0.~~517440~~021747% 0.000000% 12.~~144142~~774008% 90 Days 0.~~226963~~413603% 0.000000% 0.~~408534~~321691% 0.000000% 0.~~635497~~735294% 0.~~199979~~333620% 0.000000% 0.~~489701~~462819% 0.000000% 0.~~689680~~796439% 120 Days 0.~~000000~~137868% 0.~~045393~~000000% 0.~~181571~~275735% 0.000000% 0.~~226963~~413603% 0.~~000000~~101969% 0.~~106547~~000000% 0.~~223080~~380665% 0.000000% 0.~~329627~~482634% 150 Days 0.~~045393~~000000% 0.~~000000~~045956% 0.~~000000~~183824% 0.000000% 0.~~045393~~229779% 0.~~048399~~000000% 0.~~000000~~108218% 0.~~000000~~226577% 0.000000% 0.~~048399~~334795% 180 Days 0.~~000000~~045956% 0.000000% 0.000000% 0.000000% 0.~~000000~~045956% 0.~~000000~~049158% 0.000000% 0.000000% 0.000000% 0.~~000000~~049158% Totals 67.~~128007~~169118% 0.~~181571~~229779% 1.~~044031~~011029% 0.000000% 78.~~353609~~409926% 57.~~952435~~248925% 0.~~320537~~357808% 1.~~230221~~196982% 0.000000% 78.~~503192~~803715%

OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 05,356.0027 Cumulative Realized Losses - Includes Interest Shortfall 05,356.0027 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~217~~251,~~244~~087.8912

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 11.~~275916~~271816% Weighted Average Net Coupon 10.~~775915~~771816% Weighted Average Pass-Through Rate 9.~~792076~~787748% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 2,~~363~~330 Number Of Loans Paid In Full 3331 Ending Scheduled Collateral Loan Count 2,~~330~~299 Beginning Scheduled Collateral Balance ~~309~~304,~~186~~160,~~413~~101.2450 Ending Scheduled Collateral Balance ~~304~~299,~~160~~224,~~101~~612.5089 Ending Actual Collateral Balance at 3130-~~May~~Jun-2001 ~~304~~299,~~291~~366,~~420~~991.4035 Monthly P &I Constant 3,~~103~~095,~~719~~219.6007 Ending Scheduled Balance for Premium Loans ~~304~~299,~~160~~224,~~101~~612.5089 Scheduled Principal ~~117~~116,~~181~~704.6836 Unscheduled Principal 4,~~909~~818,~~130~~784.0625

Prepayment Penalties $81109,~~237~~242.9460

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed Fixed Mixed ARM and BBalloon Fixed Mixed & AARM & Bal Weighted Average Coupon Rate 1518.~~789331~~318519 11.~~460826~~543756 11.~~275916~~271816 Weighted Average Net Rate 1416.~~289331~~818519 910.~~977491~~076529 10.~~775915~~771816 Weighted Average Maturity ~~177~~176 ~~345~~344 ~~352~~351 Beginning Loan Count 127 2,~~236~~203 2,~~363~~330 Loans Paid In Full 04 3327 3331 Ending Loan Count ~~127~~123 2,~~203~~176 2,~~330~~299 Beginning Scheduled Balance 9,~~313~~309,~~595~~191.6468 ~~299~~294,~~872~~850,~~817~~909.6082 ~~309~~304,~~186~~160,~~413~~101.2450 Ending scheduled Balance 98,~~309~~937,~~191~~788.6867 ~~294~~290,~~850~~286,~~909~~824.8222 ~~304~~299,~~160~~224,~~101~~612.5089 Record Date 0506/3130/2001 0506/3130/2001 0506/3130/2001 Principal And Interest Constant ~~127~~146,~~037~~645.0475 2,~~976~~948,~~682~~573.5632 3,~~103~~095,~~719~~219.6007 Scheduled Principal 4,~~490~~536.8491 112,~~690~~167.8445 ~~117~~116,~~181~~704.6836 Unscheduled Principal ~~(86~~366,866.~~88)~~10 4,~~909~~451,~~216~~918.9415 4,~~909~~818,~~130~~784.0625 Scheduled Interest ~~122~~142,~~546~~108.2084 2,~~863~~836,~~991~~405.7287 2,~~986~~978,~~537~~514.9271 Servicing Fees 3,~~880~~878.6784 ~~124~~122,~~947~~854.0054 ~~128~~126,~~827~~733.6738 Master Servicing Fees 38.7977 1,~~249~~228.4753 1,~~288~~267.2630 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 7,~~722~~718.5388 ~~244~~236,~~480~~427.0191 ~~252~~244,~~202~~146.5479 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 ~~110~~130,~~904~~472.2135 2,~~493~~475,~~315~~894.2489 2,~~604~~606,~~219~~367.4524 Realized Loss Amount 0.00 05,356.0027 05,356.0027 Cumulative Realized Loss 0.00 05,356.0027 05,356.0027 Percentage of Cumulative Losses 0.00 0.00 0.00

Filing Compare · AMORTIZING RESIDENTIAL COL TR MOR PAS THR CER SER 2001-BC2