8-K 1 bst00001.txt MARCH 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2002 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2000-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-09 Pooling and Servicing Agreement) (Commission 52-2267477 (State or other File Number) 52-2267478 jurisdiction IRS EIN 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 March 25, 2002 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2000-1 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 2000-1 Trust, relating to the March 25, 2002 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 2000-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 4/1/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2000-1 Trust, relating to the March 25, 2002 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 12/3128/02 Distribution Date: 23/25/02 BST Series: 2000-1 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 I-A 07384MAL6 SEN 7.~~46982~~46515% ~~152~~126,~~799~~712,~~776~~543.0143 ~~951~~788,~~155~~273.6101 2623,~~087~~430,~~232~~194.5840 I-A-IO 07384MAM4 SEN 0.20173% 0.00 2521,~~686~~301.9243 0.00 II-A 07384MAN2 SEN 7.~~49086~~49092% ~~149~~127,~~359~~114,~~590~~648.6105 ~~932~~793,~~359~~504.6596 2215,~~244~~005,~~942~~826.5574 R-I 07384MAP7 RESIDU 7.~~67155~~66688% 0.00 0.00 0.00 R-II 07384MAQ5 RESIDU 7.~~67155~~66688% 0.00 0.0104 0.00 B-1 07384MAR3 SUB 7.~~59441~~59176% 10,~~453~~444,~~425~~467.5630 66,~~156~~076.3557 89,~~958~~183.2514 B-2 07384MAS1 SUB 7.~~59441~~59176% 4,~~181~~178,~~766~~182.0440 26,~~465~~433.0513 3,~~583~~673.6460 B-3 07384MAT9 SUB 7.~~59441~~59176% 2,~~090~~089,~~883~~091.0220 13,~~232~~216.5257 1,~~791~~836.8280 B-4 07384MAU6 SUB 7.~~59441~~59176% 1,~~568~~567,~~409~~065.6557 9,~~925~~913.9699 1,~~344~~377.0882 B-5 07384MAV4 SUB 7.~~59441~~59176% 1,044,~~946~~051.7426 6,~~613~~605.1316 ~~895~~917.4997 B-6 07384MAW2 SUB 7.~~59441~~59176% 1,~~569~~567,~~230~~885.0325 9,~~931~~919.1517 1,~~344~~378.7854 Totals ~~323~~274,~~068~~717,~~027~~934.6646 21,~~041~~735,~~526~~244.3503 4838,~~350~~454,~~093~~389.1901

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~126~~103,~~712~~282,~~543~~349.4302 2724,~~038~~218,~~388~~467.1941 0.00 I-A-IO 0.00 0.00 2521,~~686~~301.9243 0.00 II-A 0.00 ~~127~~112,~~114~~108,~~648~~821.0531 2315,~~177~~799,~~302~~331.2070 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0104 0.00 B-1 0.00 10,~~444~~435,~~467~~284.3017 75,~~114~~259.6071 0.00 B-2 0.00 4,~~178~~174,~~182~~508.4079 30,~~048~~106.6973 0.00 B-3 0.00 2,~~089~~087,~~091~~254.2040 15,~~024~~053.3437 0.00 B-4 0.00 1,~~567~~565,~~065~~687.5775 11,~~270~~291.0481 0.00 B-5 0.00 1,~~044~~043,~~051~~133.2629 7,~~508~~523.6213 0.00 B-6 0.00 1,~~567~~566,~~885~~506.2571 11,~~275~~297.9371 0.00 Totals 0.00 ~~274~~236,~~717~~263,~~934~~545.4644 5040,~~391~~189,~~619~~633.5404 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 593,234,900.00 ~~152~~126,~~799~~712,~~776~~543.0143 ~~129~~110,~~403~~885.8010 2523,~~957~~319,~~828~~309.7830 0.00 0.00 I-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 II-A 442,108,000.00 ~~149~~127,~~359~~114,~~590~~648.6105 ~~130~~112,~~018~~470.1864 2214,~~114~~893,~~924~~356.3710 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 10,564,000.00 10,~~453~~444,~~425~~467.5630 89,~~958~~183.2514 0.00 0.00 0.00 B-2 4,226,000.00 4,~~181~~178,~~766~~182.0440 3,~~583~~673.6460 0.00 0.00 0.00 B-3 2,113,000.00 2,~~090~~089,~~883~~091.0220 1,~~791~~836.8280 0.00 0.00 0.00 B-4 1,585,000.00 1,~~568~~567,~~409~~065.6557 1,~~344~~377.0882 0.00 0.00 0.00 B-5 1,056,000.00 1,044,~~946~~051.7426 ~~895~~917.4997 0.00 0.00 0.00 B-6 1,585,829.00 1,~~569~~567,~~230~~885.0325 1,~~344~~378.7854 0.00 0.00 0.00 Totals 1,056,472,829.00 ~~323~~274,~~068~~717,~~027~~934.6646 ~~277~~241,~~340~~723.0461 4838,~~072~~212,~~753~~665.1540 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 2623,~~087~~430,~~232~~194.5840 ~~126~~103,~~712~~282,~~543~~349.4302 0.~~21359590~~17410026 2623,~~087~~430,~~232~~194.5840 I-A-IO 0.00 0.00 0.00000000 0.00 II-A 2215,~~244~~005,~~942~~826.5574 ~~127~~112,~~114~~108,~~648~~821.0531 0.~~28751945~~25357791 2215,~~244~~005,~~942~~826.5574 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 89,~~958~~183.2514 10,~~444~~435,~~467~~284.3017 0.~~98868490~~98781562 89,~~958~~183.2514 B-2 3,~~583~~673.6460 4,~~178~~174,~~182~~508.4079 0.~~98868490~~98781562 3,~~583~~673.6460 B-3 1,~~791~~836.8280 2,~~089~~087,~~091~~254.2040 0.~~98868490~~98781562 1,~~791~~836.8280 B-4 1,~~344~~377.0882 1,~~567~~565,~~065~~687.5775 0.~~98868490~~98781562 1,~~344~~377.0882 B-5 ~~895~~917.4997 1,~~044~~043,~~051~~133.2629 0.~~98868491~~98781562 ~~895~~917.4997 B-6 1,~~344~~378.7854 1,~~567~~566,~~885~~506.2571 0.~~98868494~~98781565 1,~~344~~378.7854 Totals 4838,~~350~~454,~~093~~389.1901 ~~274~~236,~~717~~263,~~934~~545.4644 0.~~26003313~~22363428 4838,~~350~~454,~~093~~389.1901

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 593,234,900.00 ~~257~~213.~~57044302~~59590178 0.~~21813248~~18691601 4339.~~75640877~~30872796 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 442,108,000.00 ~~337~~287.~~83507788~~51944785 0.~~29408692~~25439630 5033.~~02154308~~68714454 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,564,000.00 ~~989~~988.~~53290042~~68490155 0.~~84799792~~86928626 0.00000000 0.00000000 B-2 4,226,000.00 ~~989~~988.~~53290109~~68490298 0.~~84799811~~86928538 0.00000000 0.00000000 B-3 2,113,000.00 ~~989~~988.~~53290109~~68490298 0.~~84799811~~86928538 0.00000000 0.00000000 B-4 1,585,000.00 ~~989~~988.~~53290221~~68490221 0.~~84800000~~86928707 0.00000000 0.00000000 B-5 1,056,000.00 ~~989~~988.~~53289773~~68490530 0.~~84800189~~86928977 0.00000000 0.00000000 B-6 1,585,829.00 ~~989~~988.~~53293829~~68494018 0.~~84799811~~86928666 0.00000000 0.00000000 All denominations are Per $1000.

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 4339.~~97454125~~49564397 ~~213~~174.~~59590178~~10025779 0.~~21359590~~17410026 4339.~~97454125~~49564397 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 5033.~~31563000~~94154085 ~~287~~253.~~51944785~~57790700 0.~~28751945~~25357791 5033.~~31563000~~94154085 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~84799792~~86928626 ~~988~~987.~~68490155~~81561624 0.~~98868490~~98781562 0.~~84799792~~86928626 B-2 0.00000000 0.~~84799811~~86928538 ~~988~~987.~~68490298~~81561524 0.~~98868490~~98781562 0.~~84799811~~86928538 B-3 0.00000000 0.~~84799811~~86928538 ~~988~~987.~~68490298~~81561761 0.~~98868490~~98781562 0.~~84799811~~86928538 B-4 0.00000000 0.~~84800000~~86928707 ~~988~~987.~~68490221~~81561514 0.~~98868490~~98781562 0.~~84800000~~86928707 B-5 0.00000000 0.~~84800189~~86928977 ~~988~~987.~~68490530~~81561553 0.~~98868491~~98781562 0.~~84800189~~86928977 B-6 0.00000000 0.~~84799811~~86928666 ~~988~~987.~~68494018~~81565352 0.~~98868494~~98781565 0.~~84799811~~86928666 (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 I-A 593,234,900.00 7.~~46982~~46515% ~~152~~126,~~799~~712,~~776~~543.0143 ~~951~~788,~~155~~273.6203 0.00 0.00 I-A-IO 0.00 0.20173% ~~152~~126,~~799~~712,~~776~~543.0143 2521,~~686~~301.9243 0.00 0.00 II-A 442,108,000.00 7.~~49086~~49092% ~~149~~127,~~359~~114,~~590~~648.6105 ~~932~~793,~~359~~504.6598 0.00 0.00 R-I 50.00 7.~~67155~~66688% 0.00 0.00 0.00 0.00 R-II 50.00 7.~~67155~~66688% 0.00 0.00 0.00 0.00 B-1 10,564,000.00 7.~~59441~~59176% 10,~~453~~444,~~425~~467.5630 66,~~156~~076.3558 0.00 0.00 B-2 4,226,000.00 7.~~59441~~59176% 4,~~181~~178,~~766~~182.0440 26,~~465~~433.0513 0.00 0.00 B-3 2,113,000.00 7.~~59441~~59176% 2,~~090~~089,~~883~~091.0220 13,~~232~~216.5257 0.00 0.00 B-4 1,585,000.00 7.~~59441~~59176% 1,~~568~~567,~~409~~065.6557 9,~~925~~913.9699 0.00 0.00 B-5 1,056,000.00 7.~~59441~~59176% 1,044,~~946~~051.7426 6,~~613~~605.1316 0.00 0.00 B-6 1,585,829.00 7.~~59441~~59176% 1,~~569~~567,~~230~~885.0325 9,~~931~~919.1517 0.00 0.00 Totals 1,056,472,829.00 21,~~041~~735,~~526~~244.3504 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 0.0002 0.00 ~~951~~788,~~155~~273.6101 0.00 ~~126~~103,~~712~~282,~~543~~349.4302 I-A-IO 0.00 0.00 2521,~~686~~301.9243 0.00 ~~126~~103,~~712~~282,~~543~~349.4302 II-A 0.0002 0.00 ~~932~~793,~~359~~504.6596 0.00 ~~127~~112,~~114~~108,~~648~~821.0531 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0104 0.00 0.00 B-1 0.00 0.00 66,~~156~~076.3557 0.00 10,~~444~~435,~~467~~284.3017 B-2 0.00 0.00 26,~~465~~433.0513 0.00 4,~~178~~174,~~182~~508.4079 B-3 0.00 0.00 13,~~232~~216.5257 0.00 2,~~089~~087,~~091~~254.2040 B-4 0.00 0.00 9,~~925~~913.9699 0.00 1,~~567~~565,~~065~~687.5775 B-5 0.00 0.00 6,~~613~~605.1316 0.00 1,~~044~~043,~~051~~133.2629 B-6 0.00 0.00 9,~~931~~919.1517 0.00 1,~~567~~566,~~885~~506.2571 Totals 0.0004 0.00 21,~~041~~735,~~526~~244.3503 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 I-A 593,234,900.00 7.~~46982~~46515% ~~257~~213.~~57044302~~59590178 1.~~60333726~~32877049 0.00000000 0.00000000 I-A-IO 0.00 0.20173% ~~257~~213.~~57044302~~59590178 0.~~04329975~~03590724 0.00000000 0.00000000 II-A 442,108,000.00 7.~~49086~~49092% ~~337~~287.~~83507788~~51944785 21.~~10889568~~79482158 0.00000000 0.00000000 R-I 50.00 7.~~67155~~66688% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.~~67155~~66688% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,564,000.00 7.~~59441~~59176% ~~989~~988.~~53290042~~68490155 6.~~26243374~~25488262 0.00000000 0.00000000 B-2 4,226,000.00 7.~~59441~~59176% ~~989~~988.~~53290109~~68490298 6.~~26243493~~25488168 0.00000000 0.00000000 B-3 2,113,000.00 7.~~59441~~59176% ~~989~~988.~~53290109~~68490298 6.~~26243256~~25488405 0.00000000 0.00000000 B-4 1,585,000.00 7.~~59441~~59176% ~~989~~988.~~53290221~~68490221 6.~~26243533~~25488328 0.00000000 0.00000000 B-5 1,056,000.00 7.~~59441~~59176% ~~989~~988.~~53289773~~68490530 6.~~26243371~~25488636 0.00000000 0.00000000 B-6 1,585,829.00 7.~~59441~~59176% ~~989~~988.~~53293829~~68494018 6.~~26243435~~25487994 0.00000000 0.00000000 All denominations are Per $1000.

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~~00000003 0.00000000 1.~~60333724~~32877046 0.00000000 ~~213~~174.~~59590178~~10025779 I-A-IO 0.00000000 0.00000000 0.~~04329975~~03590724 0.00000000 ~~213~~174.~~59590178~~10025779 II-A 0.~~00000000~~00000005 0.00000000 21.~~10889568~~79482154 0.00000000 ~~287~~253.~~51944785~~57790700 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.~~20000000~~80000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 6.~~26243374~~25488167 0.00000000 ~~988~~987.~~68490155~~81561624 B-2 0.00000000 0.00000000 6.~~26243493~~25488168 0.00000000 ~~988~~987.~~68490298~~81561524 B-3 0.00000000 0.00000000 6.~~26243256~~25488405 0.00000000 ~~988~~987.~~68490298~~81561761 B-4 0.00000000 0.00000000 6.~~26243533~~25488328 0.00000000 ~~988~~987.~~68490221~~81561514 B-5 0.00000000 0.00000000 6.~~26243371~~25488636 0.00000000 ~~988~~987.~~68490530~~81561553 B-6 0.00000000 0.00000000 6.~~26243435~~25487994 0.00000000 ~~988~~987.~~68494018~~81565352 (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 5040,~~422~~233,~~812~~238.9637 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7345,~~546~~496.4474 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 5040,~~496~~278,~~359~~735.4011 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~104~~89,~~739~~102.8706 Payment of Interest and Principal 5040,~~391~~189,~~619~~633.5305 Total Withdrawals (Pool Distribution Amount) 5040,~~496~~278,~~359~~735.4011 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6757,~~305~~232.8694 MGIC 3731,~~434~~869.0112 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~104~~89,~~739~~102.8706

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 1310 0 0 0 1310 53,~~485~~634,~~541~~059.0434 0.00 0.00 0.00 53,~~485~~634,~~541~~059.0434 60 Days 51 0 0 0 5 1 294,~~876,307~~895.2955 0.00 0.00 0.00 1294,~~876,307~~895.2955 90 Days 12 0 0 0 12 ~~436~~624,~~628~~527.7934 0.00 0.00 0.00 ~~436~~624,~~628~~527.7934 120 Days 10 0 0 0 10 ~~543,555~~0.5400 0.00 0.00 0.00 ~~543,555~~0.5400 150 Days 40 0 0 0 40 ~~1,069,941~~0.00 0.00 0.00 0.00 ~~1,069,941~~0.00 180+ Days 15 0 0 0 15 ~~594~~1,~~862~~664,803.13 0.00 0.00 0.00 ~~594~~1,~~862~~664,803.13 Totals 2518 0 0 0 2518 106,~~006~~218,~~835~~285.7936 0.00 0.00 0.00 106,~~006~~218,~~835~~285.7936 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.~~870504~~669449% 0.000000% 0.000000% 0.000000% 1.~~870504~~669449% 1.~~995240~~536897% 0.000000% 0.000000% 0.000000% 1.~~995240~~536897% 60 Days 0.~~719424~~166945% 0.000000% 0.000000% 0.000000% 0.~~719424~~166945% 0.~~682464~~124716% 0.000000% 0.000000% 0.000000% 0.~~682464~~124716% 90 Days 0.~~143885~~333890% 0.000000% 0.000000% 0.000000% 0.~~143885~~333890% 0.~~158814~~264122% 0.000000% 0.000000% 0.000000% 0.~~158814~~264122% 120 Days 0.~~143885~~000000% 0.000000% 0.000000% 0.000000% 0.~~143885~~000000% 0.~~197706~~000000% 0.000000% 0.000000% 0.000000% 0.~~197706~~000000% 150 Days 0.~~575540~~000000% 0.000000% 0.000000% 0.000000% 0.~~575540~~000000% 0.~~389167~~000000% 0.000000% 0.000000% 0.000000% 0.~~389167~~000000% 180+ Days 0.~~143885~~834725% 0.000000% 0.000000% 0.000000% 0.~~143885~~834725% 0.~~216368~~704070% 0.000000% 0.000000% 0.000000% 0.~~216368~~704070% Totals 3.~~597122~~005008% 0.000000% 0.000000% 0.000000% 3.~~597122~~005008% 32.~~639758~~629804% 0.000000% 0.000000% 0.000000% 32.~~639758~~629804%

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 86 0 0 0 86 32,~~433~~256,~~447~~801.4736 0.00 0.00 0.00 32,~~433~~256,~~447~~801.4736 60 Days 41 0 0 0 4 1 294,~~323,214~~895.4355 0.00 0.00 0.00 1294,~~323,214~~895.4355 90 Days 12 0 0 0 12 ~~436~~624,~~628~~527.7934 0.00 0.00 0.00 ~~436~~624,~~628~~527.7934 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 40 0 0 0 40 ~~1,069,941~~0.00 0.00 0.00 0.00 ~~1,069,941~~0.00 180 Days 04 0 0 0 04 01,069,941.00 0.00 0.00 0.00 01,069,941.00 Totals 1713 0 0 0 1713 64,~~263~~246,~~231~~165.6925 0.00 0.00 0.00 64,~~263~~246,~~231~~165.6925 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~240896~~013423% 0.000000% 0.000000% 0.000000% 2.~~240896~~013423% 21.~~473808~~956716% 0.000000% 0.000000% 0.000000% 21.~~473808~~956716% 60 Days 10.~~120448~~335570% 0.000000% 0.000000% 0.000000% 10.~~120448~~335570% 0.~~953379~~255683% 0.000000% 0.000000% 0.000000% 0.~~953379~~255683% 90 Days 0.~~280112~~671141% 0.000000% 0.000000% 0.000000% 0.~~280112~~671141% 0.~~314592~~541484% 0.000000% 0.000000% 0.000000% 0.~~314592~~541484% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 10.~~120448~~000000% 0.000000% 0.000000% 0.000000% 10.~~120448~~000000% 0.~~770895~~000000% 0.000000% 0.000000% 0.000000% 0.~~770895~~000000% 180 Days 01.~~000000~~342282% 0.000000% 0.000000% 0.000000% 01.~~000000~~342282% 0.~~000000~~927672% 0.000000% 0.000000% 0.000000% 0.~~000000~~927672% Totals 4.~~761905~~362416% 0.000000% 0.000000% 0.000000% 4.~~761905~~362416% 43.~~512674~~681555% 0.000000% 0.000000% 0.000000% 43.~~512674~~681555% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 54 0 0 0 54 21,~~052~~377,~~093~~257.5798 0.00 0.00 0.00 21,~~052~~377,~~093~~257.5798 60 Days 10 0 0 0 10 ~~553,092~~0.8600 0.00 0.00 0.00 ~~553,092~~0.8600 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 10 0 0 0 10 ~~543,555~~0.5400 0.00 0.00 0.00 ~~543,555~~0.5400 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 1 0 0 0 1 594,862.13 0.00 0.00 0.00 594,862.13 Totals 85 0 0 0 85 31,~~743~~972,~~604~~120.1011 0.00 0.00 0.00 31,~~743~~972,~~604~~120.1011 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~479290~~328904% 0.000000% 0.000000% 0.000000% 1.~~479290~~328904% 1.~~507348~~137120% 0.000000% 0.000000% 0.000000% 1.~~507348~~137120% 60 Days 0.~~295858~~000000% 0.000000% 0.000000% 0.000000% 0.~~295858~~000000% 0.~~406270~~000000% 0.000000% 0.000000% 0.000000% 0.~~406270~~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.~~295858~~000000% 0.000000% 0.000000% 0.000000% 0.~~295858~~000000% 0.~~399264~~000000% 0.000000% 0.000000% 0.000000% 0.~~399264~~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.~~295858~~332226% 0.000000% 0.000000% 0.000000% 0.~~295858~~332226% 0.~~436951~~491142% 0.000000% 0.000000% 0.000000% 0.~~436951~~491142% Totals 21.~~366864~~661130% 0.000000% 0.000000% 0.000000% 21.~~366864~~661130% 21.~~749833~~628262% 0.000000% 0.000000% 0.000000% 21.~~749833~~628262% Delinquencies are stratified according to the information the Servicer has provided. All 90 day delinquencies reported are 90+ day delinquencies.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7345,~~546~~496.4474

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~972065~~968957% Weighted Average Pass-Through Rate 7.~~583021~~579749% Weighted Average Maturity(Stepdown Calculation ) ~~339~~338 Beginning Scheduled Collateral Loan Count ~~817~~695 Number Of Loans Paid In Full ~~122~~96 Ending Scheduled Collateral Loan Count ~~695~~599 Beginning Scheduled Collateral Balance ~~323~~274,~~068~~717,~~027~~934.7051 Ending Scheduled Collateral Balance ~~274~~236,~~717~~263,~~934~~545.5150 Ending Actual Collateral Balance at 3128-~~Jan~~Feb-2002 ~~274~~236,~~931~~454,~~368~~295.0213 Monthly P &I Constant 2,~~423~~066,~~606~~069.2473 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5040,~~215~~017,~~690~~799.4015 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~274~~236,~~717~~263,~~934~~545.5150 Scheduled Principal ~~277~~241,~~340~~723.0461 Unscheduled Principal 4838,~~072~~212,~~753~~665.1540

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 8.~~065304~~061117 7.~~875000~~874999 7.~~972065~~968957 Weighted Average Net Rate 7.~~815304~~811117 7.~~625000~~624999 7.~~722066~~718957 Weighted Average Maturity ~~339~~338 ~~339~~338 ~~339~~338 Beginning Loan Count ~~422~~357 ~~395~~338 ~~817~~695 Loans Paid In Full 6559 5737 ~~122~~96 Ending Loan Count ~~357~~298 ~~338~~301 ~~695~~599 Beginning Scheduled Balance ~~164~~138,~~782~~685,~~548~~168.9029 ~~158~~136,~~285~~032,~~478~~766.8022 ~~323~~274,~~068~~717,~~027~~934.7051 Ending scheduled Balance ~~138~~115,~~685~~244,~~168~~496.2974 ~~136~~121,~~032~~019,~~766~~048.2276 ~~274~~236,~~717~~263,~~934~~545.5150 Record Date 0102/3128/2002 0102/3128/2002 0102/3128/2002 Principal And Interest Constant 1,~~247~~052,~~069~~993.6141 1,~~176~~013,~~536~~076.6332 2,~~423~~066,~~606~~069.2473 Scheduled Principal ~~139~~121,~~551~~362.8325 ~~137~~120,~~788~~361.2136 ~~277~~241,~~340~~723.0461 Unscheduled Principal 2523,~~957~~319,~~828~~309.7830 2214,~~114~~893,~~924~~356.3710 4838,~~072~~212,~~753~~665.1540 Scheduled Interest 1931,~~107,517~~631.7816 1892,~~038,748~~714.4296 21,~~146~~824,~~266~~346.2012 Servicing Fees 3428,~~329~~892.7177 3228,~~976~~340.1517 6757,~~305~~232.8694 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 1916,~~740~~670.1909 1715,~~693~~199.8203 3731,~~434~~869.0112 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 1886,~~053,447~~068.8830 ~~988~~849,~~078~~175.4576 21,~~041~~735,~~526~~244.3306 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.~~671549~~666876 7.~~490859~~490923 7.~~583021~~579749

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2000-1