8-K 1 bsa01002.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 ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2001-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-01 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 March 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2001-2 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 Asset Backed Certificates, Series 2001-2 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 ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2001-2 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfied, Assistant Vice President By: Beth Belfied, Assistant Vice President Date: 4/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-2 Trust, relating to the March 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 12/3128/02 Distribution Date: 23/25/02 BSA Series: 2001-2 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-1 07384YAA4 SEN 6.85000% 0.00 0.00 0.00 I-A-2 07384YAB2 SEN 6.47000% ~~152~~148,~~970~~121,~~445~~324.2572 ~~824~~798,~~765~~620.6581 46,~~849~~250,~~120~~599.5354 II-A 07384YAC0 SEN 2.~~08000~~17000% 7775,~~698~~303,~~566~~374.2735 ~~139~~127,~~166~~095.7736 2,~~395~~472,~~191~~030.9263 III-A 07384YAD8 SEN 7.50000% 2726,~~590~~350,~~716~~733.0795 ~~172~~164,~~441~~692.9809 1,~~239~~968,~~982~~878.1226 A-IO 07384YAE6 IO 8.00000% 0.00 240,000.00 0.00 M-1 07384YAF3 MEZ 2.~~46000~~55000% 10,781,000.00 2221,~~837~~382.7532 0.00 M-2 07384YAG1 MEZ 23.~~92000~~01000% 10,421,000.00 2624,~~203~~396.0372 0.00 B 07384YAH9 SUB 34.~~91000~~00000% 9,343,000.00 3129,~~457~~067.3611 0.00 B-IO BSA012BIO IO 0.00000% 0.00 ~~750~~707,~~108~~206.2069 0.00 OC BSA0102OC OC 0.00000% 1,796,781.75 0.00 0.00 R-1 07384YAJ5 RES 0.00000% 0.00 0.00 0.00 R-2 07384YAK2 RES 0.00000% 0.00 0.00 0.00 R-3 07384YAL0 RES 0.00000% 0.00 0.00 0.00 Totals ~~290~~282,~~601~~117,~~509~~214.3477 2,~~206~~112,~~980~~461.7410 810,~~484~~691,~~294~~508.5743

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 0.00 0.00 0.00 I-A-2 0.00 ~~148~~141,~~121~~870,~~324~~725.7218 57,~~673~~049,~~886~~220.1835 0.00 II-A 0.00 7572,~~303~~831,~~374~~343.3572 2,~~534~~599,~~358~~125.6999 0.00 III-A 0.00 2624,~~350~~381,~~733~~855.9570 12,~~412~~133,~~424~~570.1035 0.00 A-IO 0.00 0.00 240,000.00 0.00 M-1 0.00 10,781,000.00 2221,~~837~~382.7532 0.00 M-2 0.00 10,421,000.00 2624,~~203~~396.0372 0.00 B 0.00 9,343,000.00 3129,~~457~~067.3611 0.00 B-IO 0.00 0.00 ~~750~~707,~~108~~206.2069 0.00 OC 0.00 1,796,781.75 0.00 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~282~~271,~~117~~425,~~214~~706.7735 1012,~~691~~803,~~275~~969.3153 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-1 21,000,000.00 0.00 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 ~~152~~148,~~970~~121,~~445~~324.2572 0.00 46,~~849~~250,~~120~~599.5354 0.00 0.00 II-A 93,995,000.00 7775,~~698~~303,~~566~~374.2735 0.00 2,~~395~~472,~~191~~030.9263 0.00 0.00 III-A 35,783,000.00 2726,~~590~~350,~~716~~733.0795 0.00 1,~~239~~968,~~982~~878.1226 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 10,781,000.00 10,781,000.00 0.00 0.00 0.00 0.00 M-2 10,421,000.00 10,421,000.00 0.00 0.00 0.00 0.00 B 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 OC 350.59 1,796,781.75 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 Totals 359,356,500.59 ~~290~~282,~~601~~117,~~509~~214.3477 0.00 810,~~484~~691,~~294~~508.5743 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-1 0.00 0.00 0.00000000 0.00 I-A-2 46,~~849~~250,~~120~~599.5354 ~~148~~141,~~121~~870,~~324~~725.7218 0.~~83198803~~79687881 46,~~849~~250,~~120~~599.5354 II-A 2,~~395~~472,~~191~~030.9263 7572,~~303~~831,~~374~~343.3572 0.~~80114234~~77484274 2,~~395~~472,~~191~~030.9263 III-A 1,~~239~~968,~~982~~878.12 26 24,~~350~~381,~~733~~855.9570 0.~~73640371~~68138098 1,~~239~~968,~~982~~878.1226 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 10,781,000.00 1.00000000 0.00 M-2 0.00 10,421,000.00 1.00000000 0.00 B 0.00 9,343,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 OC 0.00 1,796,781.75 5,125.02281868 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 810,~~484~~691,~~294~~508.5743 ~~282~~271,~~117~~425,~~214~~706.7735 0.~~78506223~~75531041 810,~~484~~691,~~294~~508.5743

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 21,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 ~~859~~831.~~22522931~~98802874 0.00000000 2735.~~23720058~~10921874 0.00000000 II-A 93,995,000.00 ~~826~~801.~~62446162~~14234108 0.00000000 2526.~~48212054~~29959711 0.00000000 III-A 35,783,000.00 ~~771~~736.~~05653718~~40370986 0.00000000 3455.~~65282732~~02272755 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 10,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,421,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 5125022.81867709 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 2735.~~23720058~~10921874 ~~831~~796.~~98802874~~87881000 0.~~83198803~~79687881 2735.~~23720058~~10921874 II-A 0.00000000 2526.~~48212054~~29959711 ~~801~~774.~~14234108~~84274398 0.~~80114234~~77484274 2526.~~48212054~~29959711 III-A 0.00000000 3455.~~65282732~~02272755 ~~736~~681.~~40370986~~38098259 0.~~73640371~~68138098 3455.~~65282732~~02272755 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 ~~1000~~1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 ~~1000~~1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 ~~1000~~1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 ~~5125~~5,125,022.~~8186770~~81867709 5125.02281868 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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-1 21,000,000.00 6.85000% 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 6.47000% ~~152~~148,~~970~~121,~~445~~324.2572 ~~824~~798,~~765~~620.6581 0.00 0.00 II-A 93,995,000.00 2.~~08000~~17000% 7775,~~698~~303,~~566~~374.2735 ~~139~~127,~~166~~095.7736 0.00 0.00 III-A 35,783,000.00 7.50000% 2726,~~590~~350,~~716~~733.0795 ~~172~~164,~~441~~692.9809 0.00 0.00 A-IO 0.00 8.00000% 36,000,000.00 240,000.00 0.00 0.00 M-1 10,781,000.00 2.~~46000~~55000% 10,781,000.00 2221,~~837~~382.7532 0.00 0.00 M-2 10,421,000.00 23.~~92000~~01000% 10,421,000.00 2624,~~203~~396.0372 0.00 0.00 B 9,343,000.00 34.~~91000~~00000% 9,343,000.00 3129,~~457~~067.3611 0.00 0.00 B-IO 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 350.59 0.00000% 1,796,781.75 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 359,356,500.59 1,~~456~~405,~~872~~254.5441 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-1 0.00 0.00 0.00 0.00 0.00 I-A-2 0.00 0.00 ~~824~~798,~~765~~620.6581 0.00 ~~148~~141,~~121~~870,~~324~~725.7218 II-A 0.00 0.00 ~~139~~127,~~166~~095.7736 0.00 7572,~~303~~831,~~374~~343.3572 III-A 0.00 0.00 ~~172~~164,~~441~~692.9809 0.00 2624,~~350~~381,~~733~~855.9570 A-IO 0.00 0.00 240,000.00 0.00 36,000,000.00 M-1 0.00 0.00 2221,~~837~~382.7532 0.00 10,781,000.00 M-2 0.00 0.00 2624,~~203~~396.0372 0.00 10,421,000.00 B 0.00 0.00 3129,~~457~~067.3611 0.00 9,343,000.00 B-IO 0.00 0.00 ~~750~~707,~~108~~206.2069 0.00 0.00 OC 0.00 0.00 0.00 0.00 1,796,781.75 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~206~~112,~~980~~461.7410 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-1 21,000,000.00 6.85000% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 6.47000% ~~859~~831.~~22522931~~98802874 4.~~63265602~~48580213 0.00000000 0.00000000 II-A 93,995,000.00 2.~~08000~~17000% ~~826~~801.~~62446162~~14234108 1.~~48057631~~35215022 0.00000000 0.00000000 III-A 35,783,000.00 7.50000% ~~771~~736.~~05653718~~40370986 4.~~81910348~~60252327 0.00000000 0.00000000 A-IO 0.00 8.00000% 1000.00000000 6.66666667 0.00000000 0.00000000 M-1 10,781,000.00 2.~~46000~~55000% 1000.00000000 21.~~11833318~~98333364 0.00000000 0.00000000 M-2 10,421,000.00 23.~~92000~~01000% 1000.00000000 2.~~51444487~~34111122 0.00000000 0.00000000 B 9,343,000.00 34.~~91000~~00000% 1000.00000000 3.~~36694424~~11111099 0.00000000 0.00000000 B-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 0.00000% 5125022.81867709 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 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-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 0.00000000 4.~~63265602~~48580213 0.00000000 ~~831~~796.~~98802874~~87881000 II-A 0.00000000 0.00000000 1.~~48057631~~35215022 0.00000000 ~~801~~774.~~14234108~~84274398 III-A 0.00000000 0.00000000 4.~~81910348~~60252327 0.00000000 ~~736~~681.~~40370986~~38098259 A-IO 0.00000000 0.00000000 6.66666667 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 21.~~11833318~~98333364 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~51444487~~34111122 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~36694424~~11111099 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 5125022.81867709 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 1012,~~557~~719,~~490~~937.5128 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~236~~211,~~921~~453.5829 Realized Losses (~~664~~27,743.9415) Prepayment Penalties 0.00 Total Deposits 1012,~~793~~903,~~747~~647.1542 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~102~~99,~~471~~677.8489 Payment of Interest and Principal 1012,~~691~~803,~~275~~969.3153 Total Withdrawals (Pool Distribution Amount) 1012,~~793~~903,~~747~~647.1542 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~100~~97,~~050~~326.1691 Master Servicing Fee 2,~~421~~350.6898 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~102~~99,~~471~~677.8489

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 ~~205~~195 60 0 ~~211~~195 65,~~355~~784,~~888~~604.9183 ~~296,149~~0.8200 0.00 65,~~652~~784,~~038~~604.7383 30 Days ~~214~~180 1821 01 04 ~~232~~206 97,~~363~~641,~~208~~978.5576 ~~432~~804,~~903~~948.5591 047,831.0030 0226,818.0060 98,~~796~~721,~~112~~577.1057 60 Days 6348 117 0 0 7455 2,~~742~~520,~~958~~256.4750 ~~413~~286,~~234~~177.6388 0.00 0.00 32,~~156~~806,~~193~~434.1038 90 Days 2134 4 5 18 0 4443 1,~~375~~894,~~292~~567.2117 ~~207~~119,~~124~~669.0848 ~~624~~505,~~504~~867.5563 0.00 2,~~206~~520,~~920~~104.8428 120 Days 1213 20 1618 0 3031 1447,~~006,738~~770.4733 ~~65,359~~0.4600 ~~431~~951,~~816~~764.8719 0.00 1,~~503~~399,~~914~~534.8052 150 Days 612 14 2415 0 31 ~~574~~691,~~875~~227.8144 6114,~~728~~028.2798 1894,~~061,163~~817.9182 0.00 1,~~642~~700,~~767~~074.9924 180+ Days 1311 911 3448 610 6280 ~~549~~474,~~381~~849.8555 ~~394~~450,~~597~~832.4409 12,~~409~~335,~~429~~137.1399 ~~271~~344,~~462~~474.5017 23,~~624~~605,~~870~~293.9280 Totals ~~329~~298 ~~251~~242 9887 614 ~~684~~641 1513,~~612~~670,~~455~~649.3675 7,~~875~~560,~~836~~262.3417 34,~~823~~735,~~064~~418.2893 ~~271~~571,~~462~~292.5077 2726,~~582~~537,~~818~~623.4862 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.~~301659~~212521% 0.~~096634~~000000% 0.000000% 3.~~398293~~212521% 2.~~251606~~129915% 0.~~104913~~000000% 0.000000% 2.~~356518~~129915% 30 Days 32.~~446610~~965404% 0.~~289902~~345964% 0.~~000000~~016474% 0.~~000000~~065898% 3.~~736512~~393740% 32.~~316964~~813808% 0.~~153358~~296385% 0.~~000000~~017612% 0.~~000000~~083516% 3.~~470322~~211320% 60 Days 10.~~014656~~790774% 0.~~177162~~115321% 0.000000% 0.000000% 10.~~191818~~906096% 0.~~971707~~927969% 0.~~146390~~105372% 0.000000% 0.000000% 1.~~118097~~033341% 90 Days 0.~~338219~~560132% 0.~~080528~~065898% 0.~~289902~~082372% 0.000000% 0.~~708649~~708402% 0.~~487204~~697587% 0.~~073375~~044063% 0.~~221234~~186263% 0.000000% 0.~~781813~~927913% 120 Days 0.~~193268~~214168% 0.~~032211~~000000% 0.~~257690~~296540% 0.000000% 0.~~483170~~510708% 0.~~356642~~164871% 0.~~023154~~000000% 0.~~152973~~350443% 0.000000% 0.~~532769~~515314% 150 Days 0.~~096634~~197694% 0.~~016106~~065898% 0.~~386536~~247117% 0.000000% 0.~~499275~~510708% 0.~~203653~~254513% 0.~~002384~~041986% 0.~~375923~~329476% 0.000000% 0.~~581959~~625974% 180+ Days 0.~~209373~~181219% 0.~~144951~~181219% 0.~~547592~~790774% 0.~~096634~~164745% 01.~~998550~~317957% 0.~~194621~~174842% 0.~~139788~~165998% 0.~~499297~~859807% 0.~~096167~~126837% 01.~~929874~~327484% Totals 54.~~298760~~909390% 43.~~042519~~986820% 1.~~578354~~433278% 0.~~096634~~230643% 1110.~~016267~~560132% 5.~~530791~~033589% 2.~~790055~~783719% 1.~~354340~~743601% 0.~~096167~~210352% 9.~~771352~~771261%

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 ~~122~~115 50 0 ~~127~~115 3,~~826~~320,~~177~~895.4726 ~~229,313~~0.0900 0.00 43,~~055~~320,~~490~~895.5626 30 Days ~~106~~109 812 01 04 ~~114~~126 4,~~417~~220,~~135~~128.9153 ~~180~~501,~~759~~339.4275 047,831.0030 0226,818.0060 4,~~597~~996,~~895~~118.3318 60 Days 3534 32 0 0 3836 1,~~446~~551,~~392~~320.1590 8468,~~627~~401.7648 0.00 0.00 1,~~531~~619,~~019~~722.9138 90 Days 1222 31 71 0 2224 ~~730~~1,~~780~~154,174.3484 9427,~~942~~440.5089 ~~162~~16,~~433~~125.5839 0.00 ~~988~~1,~~156~~197,741.4212 120 Days 25 20 109 0 14 ~~107~~169,~~685~~383.7291 ~~65,359~~0.4600 ~~313~~447,282.0052 0.00 ~~486~~616,~~327~~666.1843 150 Days 12 03 710 0 815 2946,~~229~~945.6766 098,043.0055 ~~328~~350,~~651~~629.3443 0.00 ~~357~~495,~~881~~618.0164 180 Days 9 4 155 119 293 ~~490~~31 121,~~589~~699.7637 ~~206~~256,~~226~~232.9259 ~~463~~900,~~344~~243.3212 1750,~~720~~075.7974 1,~~177~~328,~~881~~250.7982 Totals ~~165~~176 ~~142~~138 4440 17 ~~352~~361 7,~~221~~263,~~813~~653.5521 4,~~458~~272,~~093~~353.5352 1,~~497~~762,~~024~~111.3376 17276,~~720~~894.7934 13,~~194~~575,~~652~~012.2083 0-29 Days 3.~~150826~~031102% 0.~~129132~~000000% 0.000000% 3.~~279959~~031102% 2.~~278888~~054442% 0.~~136580~~000000% 0.000000% 2.~~415468~~054442% 30 Days 2.~~737603~~872957% 0.~~206612~~316289% 0.~~000000~~026357% 0.~~000000~~105430% 23.~~944215~~321033% 2.~~630866~~610745% 0.~~107661~~310149% 0.~~000000~~029590% 0.~~000000~~140319% 23.~~738527~~090804% 60 Days 0.~~903926~~896152% 0.~~077479~~052715% 0.000000% 0.000000% 0.~~981405~~948867% 0.~~861478~~959711% 0.~~050405~~042316% 0.000000% 0.000000% 01.~~911882~~002027% 90 Days 0.~~309917~~579863% 0.~~077479~~026357% 0.~~180785~~026357% 0.000000% 0.~~568182~~632578% 0.~~435256~~714020% 0.~~056548~~016976% 0.~~096746~~009976% 0.000000% 0.~~588550~~740972% 120 Days 0.~~051653~~131787% 0.~~051653~~000000% 0.~~258264~~237217% 0.000000% 0.~~361570~~369004% 0.~~064138~~104788% 0.~~038928~~000000% 0.~~186592~~276707% 0.000000% 0.~~289659~~381495% 150 Days 0.~~025826~~052715% 0.~~000000~~079072% 0.~~180785~~263574% 0.000000% 0.~~206612~~395361% 0.~~017409~~029043% 0.~~000000~~060654% 0.~~195746~~216914% 0.000000% 0.~~213156~~306610% 180 Days 0.~~232438~~105430% 0.~~103306~~131787% 0.~~387397~~500791% 0.~~025826~~079072% 0.~~748967~~817080% 0.~~292197~~075288% 0.~~122830~~158516% 0.~~275970~~556927% 0.~~010555~~030979% 0.~~701552~~821710% Totals 4.~~261364~~638904% 3.~~667355~~637322% 1.~~136364~~054296% 0.~~025826~~184502% 9.~~090909~~515024% 4.~~301344~~493594% 2.~~655260~~643053% 01.~~891634~~090115% 0.~~010555~~171298% 78.~~858794~~398060% 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 8380 10 0 8480 2,~~529~~463,~~711~~709.4457 ~~66,836~~0.7300 0.00 2,~~596~~463,~~548~~709.1757 30 Days ~~106~~71 109 0 0 ~~116~~80 43,~~318~~421,~~762~~850.8223 ~~252~~303,~~144~~609.1316 0.00 0.00 43,~~570~~725,~~906~~459.9539 60 Days 2713 85 0 0 3518 1640,~~014,233~~153.3619 ~~328~~217,~~606~~776.8740 0.00 0.00 1857,~~342,840~~929.2359 90 Days 912 23 113 0 2218 ~~644~~740,~~511~~392.8733 ~~112~~92,~~181~~228.5859 ~~462~~207,~~070~~409.9728 0.00 1,~~218~~040,~~764~~030.4220 120 Days 98 0 69 0 1517 ~~550~~278,~~803~~386.6642 0.00 ~~118~~504,~~534~~481.8767 0.00 ~~669~~782,~~338~~868.5309 150 Days 510 1 174 0 2315 ~~545~~644,~~646~~281.1478 615,~~728~~985.2743 ~~732~~195,~~512~~939.5730 0.00 1856,~~284,886~~206.9851 180 Days 47 56 1929 57 3349 58353,~~792~~150.0918 ~~188~~194,~~370~~599.5250 ~~946~~1,~~084~~434,894.8187 ~~253~~294,~~741~~398.7143 12,~~446~~277,~~989~~042.1398 Totals ~~160~~121 ~~109~~104 5445 57 ~~328~~277 76,~~132~~078,~~749~~214.9413 3,~~417~~287,~~742~~908.8165 2,~~326~~342,~~039~~725.9512 ~~253~~294,~~741~~398.7143 1312,~~130~~003,~~274~~246.4133 0-29 Days 3.~~697105~~652968% 0.~~044543~~000000% 0.000000% 3.~~741648~~652968% 23.~~994638~~004687% 0.~~079120~~000000% 0.000000% 3.~~073758~~004687% 30 Days 43.~~721604~~242009% 0.~~445434~~410959% 0.000000% 0.000000% 53.~~167038~~652968% 54.~~112492~~173215% 0.~~298485~~370275% 0.000000% 0.000000% 54.~~410977~~543490% 60 Days 10.~~202673~~593607% 0.~~356347~~228311% 0.000000% 0.000000% 10.~~559020~~821918% 10.~~200636~~780717% 0.~~389000~~265595% 0.000000% 0.000000% 1.~~589636~~046312% 90 Days 0.~~400891~~547945% 0.~~089087~~136986% 0.~~489978~~136986% 0.000000% 0.~~979955~~821918% 0.~~762964~~902966% 0.~~132799~~112480% 0.~~546993~~252952% 0.000000% 1.~~442757~~268398% 120 Days 0.~~400891~~365297% 0.000000% 0.~~267261~~410959% 0.000000% 0.~~668151~~776256% 0.~~652034~~339514% 0.000000% 0.~~140320~~615255% 0.000000% 0.~~792354~~954769% 150 Days 0.~~222717~~456621% 0.~~044543~~045662% 0.~~757238~~182648% 0.000000% 10.~~024499~~684932% 0.~~645928~~785752% 0.~~007965~~019495% 0.~~867138~~238963% 0.000000% 1.~~521032~~044211% 180 Days 0.~~178174~~319635% 0.~~222717~~273973% 01.~~846325~~324201% 0.~~222717~~319635% 12.~~469933~~237443% 0.~~069597~~430694% 0.~~222990~~237329% 1.~~119962~~749967% 0.~~300376~~359042% 12.~~712926~~777032% Totals 75.~~126949~~525114% 4.~~855234~~748858% 2.~~405345~~054795% 0.~~222717~~319635% 1412.~~610245~~648402% 87.~~443652~~412858% 4.~~045877~~009862% 2.~~753534~~857137% 0.~~300376~~359042% 1514.~~543439~~638900% 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 20 0 0 0 20 ~~627,309~~0.8200 0.00 0.00 0.00 ~~627,309~~0.8200 60 Days 1 0 0 0 1 ~~282~~328,~~332~~782.9641 0.00 0.00 0.00 ~~282~~328,~~332~~782.9641 90 Days 0 0 01 0 01 0.00 0.00 0282,332.0096 0.00 0282,332.0096 120 Days 10 0 0 0 10 ~~348,249~~0.0900 0.00 0.00 0.00 ~~348,249~~0.0900 150 Days 0 0 01 0 01 0.00 0.00 0348,249.0009 0.00 0348,249.0009 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 41 0 02 0 43 1328,~~257,891~~782.8741 0.00 0630,582.0005 0.00 1959,~~257,891~~364.8746 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~173913~~000000% 0.000000% 0.000000% 0.000000% 20.~~173913~~000000% 20.~~097243~~000000% 0.000000% 0.000000% 0.000000% 20.~~097243~~000000% 60 Days 1.~~086957~~162791% 0.000000% 0.000000% 0.000000% 1.~~086957~~162791% 01.~~943905~~176393% 0.000000% 0.000000% 0.000000% 01.~~943905~~176393% 90 Days 0.000000% 0.000000% 01.~~000000~~162791% 0.000000% 01.~~000000~~162791% 0.000000% 0.000000% 01.~~000000~~010196% 0.000000% 01.~~000000~~010196% 120 Days 10.~~086957~~000000% 0.000000% 0.000000% 0.000000% 10.~~086957~~000000% 10.~~164278~~000000% 0.000000% 0.000000% 0.000000% 10.~~164278~~000000% 150 Days 0.000000% 0.000000% 01.~~000000~~162791% 0.000000% 01.~~000000~~162791% 0.000000% 0.000000% 01.~~000000~~246045% 0.000000% 01.~~000000~~246045% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 41.~~347826~~162791% 0.000000% 02.~~000000~~325581% 0.000000% 43.~~347826~~488372% 41.~~205427~~176393% 0.000000% 02.~~000000~~256241% 0.000000% 43.~~205427~~432634% BSSP loans in Foreclosure and Bankruptcy reported in 30 day slot.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~236~~211,~~921~~453.5829

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.~~539321~~527453% Weighted Average Net Coupon 9.~~126177~~113468% Weighted Average Pass-Through Rate 9.~~126177~~113468% Weighted Average Maturity(Stepdown Calculation ) ~~218~~217 Beginning Scheduled Collateral Loan Count 6,~~333~~209 Number Of Loans Paid In Full ~~124~~139 Ending Scheduled Collateral Loan Count 6,~~209~~070 Beginning Scheduled Collateral Balance ~~290~~282,~~601~~117,~~509~~214.3477 Ending Scheduled Collateral Balance ~~282~~271,~~117~~425,~~214~~706.7735 Ending Actual Collateral Balance at 3128-~~Jan~~Feb-2002 ~~282~~271,~~282~~588,~~523~~525.5094 Monthly P &I Constant 3,~~453~~360,~~265~~531.3917 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~664~~27,743.9415 Cumulative Realized Loss 836,~~334~~077.1530 Ending Scheduled Balance for Premium Loans ~~282~~271,~~117~~425,~~214~~706.7735 Scheduled Principal 1,~~143~~120,~~147~~649.8804 Unscheduled Principal 79,~~341~~570,~~146~~859.6938 Required Overcollateralization Amount 1,796,781.75 Overcollateralized Increase Amount ~~664~~27,743.9415 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,796,781.75 Overcollateralized Amount 1,796,781.75 Overcollateralized Deficiency Amount ~~664~~27,743.9415 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~664~~27,743.9415 Excess Cash Amount ~~750~~734,~~773~~949.1484

Miscellaneous Reporting BSSP Group 1 - Stated Principal Balance 14,081,089.53 BSSP Group 2 - Stated Principal Balance 177,759.34 BSSP Group 3 - Stated Principal Balance 212,497.09 Three Month Rolling Average 4.077870% Trigger Event NO

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 9.~~523471~~522298 10.~~134244~~092053 7.~~966495~~960154 Weighted Average Net Rate 9.~~124754~~122494 9.~~653681~~611218 7.~~661524~~655540 Weighted Average Maturity ~~118~~117 2524 ~~241~~240 Beginning Loan Count 3,~~946~~872 2,~~291~~245 9692 Loans Paid In Full 7478 4655 46 Ending Loan Count 3,~~872~~794 2,~~245~~190 9286 Beginning Scheduled Balance ~~172~~167,~~620~~771,~~815~~712.5397 8684,~~863~~468,~~874~~567.3326 3129,~~116~~876,~~819~~934.4854 Ending scheduled Balance ~~167~~161,~~771~~523,~~712~~172.9759 8481,~~468~~989,~~567~~368.2648 2927,~~876~~913,~~934~~165.5428 Record Date 0102/3128/2002 0102/3128/2002 0102/3128/2002 Principal And Interest Constant 2,~~112~~063,~~938~~023.5509 1,~~082~~053,~~778~~476.6678 ~~257~~244,~~548~~031.1830 Scheduled Principal ~~742~~731,~~980~~712.7586 ~~349~~343,~~195~~092.6138 5045,~~971~~843.5280 Unscheduled Principal 45,~~106~~516,~~121~~827.8152 2,~~046~~136,~~111~~106.4640 1,~~188~~917,~~913~~925.4246 Scheduled Interest 1,~~369~~331,~~957~~310.8023 ~~733~~710,~~583~~384.0540 ~~206~~198,~~576~~187.6650 Servicing Fees 5755,~~355~~896.7956 3433,~~786~~846.2724 7,~~908~~584.1011 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 1,~~312~~275,~~602~~413.0167 ~~698~~676,~~796~~538.7816 ~~198~~190,~~668~~603.5639 Realized Loss Amount ~~362~~14,160.0738 ~~302~~13,582.8777 0.00 Cumulative Realized Loss 115,~~346~~507.7715 620,~~987~~570.3815 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 9.~~124754~~122494 9.~~653681~~611218 7.~~661524~~655540

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 9.~~539321~~527453 Weighted Average Net Rate 9.~~126177~~113468 Weighted Average Maturity ~~218~~217 Beginning Loan Count 6,~~333~~209 Loans Paid In Full ~~124~~139 Ending Loan Count 6,~~209~~070 Beginning Scheduled Balance ~~290~~282,~~601~~117,~~509~~214.3477 Ending scheduled Balance ~~282~~271,~~117~~425,~~214~~706.7735 Record Date 0102/3128/2002 Principal And Interest Constant 3,~~453~~360,~~265~~531.3917 Scheduled Principal 1,~~143~~120,~~147~~649.8804 Unscheduled Principal 79,~~341~~570,~~146~~859.6938 Scheduled Interest 2,~~310~~239,~~117~~882.5113 Servicing Fees ~~100~~97,~~050~~326.1691 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~210~~142,~~067~~555.3522 Realized Loss Amount ~~664~~27,743.9415 Cumulative Realized Loss 836,~~334~~077.1530 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 9.~~126177~~113468

Filing Compare · BEAR STEARNS ASSET BACKED SECURITIES TRUST 2001-2