8-K 1 bsa01002.txt JULY 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): July 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 90-0030641 Pooling and Servicing Agreement) (Commission 90-0031689 (State or other File Number) 90-0031688 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, 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) ITEM 5. Other Events On July 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 July 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 Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/31/02 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 July 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 46/30/02 Distribution Date: 57/2825/02 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% ~~135~~124,~~820~~540,~~733~~133.3951 ~~732~~671,~~300~~478.0289 53,~~040~~895,~~361~~293.4860 II-A 07384YAC0 SEN 2.~~17000~~16000% 6965,~~931~~795,~~845~~412.8032 ~~139~~118,~~106~~431.0574 2,~~393~~027,~~784~~827.8292 III-A 07384YAD8 SEN 7.50000% 2321,~~697~~994,~~423~~901.5789 ~~148~~137,~~108~~468.8814 ~~385~~41,~~552~~165.9414 A-IO 07384YAE6 IO 87.00000% 0.00 ~~240~~210,000.00 0.00 M-1 07384YAF3 MEZ 2.~~55000~~54000% 10,781,000.00 2522,~~200~~819.5878 0.00 M-2 07384YAG1 MEZ 3.~~01000~~00000% 10,421,000.00 2826,~~753~~052.2750 0.00 B 07384YAH9 SUB 43.~~00000~~99000% 9,343,000.00 3431,~~257~~065.6647 0.00 B-IO BSA012BIO IO 0.00000% 0.00 ~~635~~579,~~299~~932.1352 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 ~~261~~244,~~791~~672,~~784~~229.5147 1,~~983~~797,~~025~~249.5904 75,~~819~~964,~~699~~286.2466

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 ~~130~~120,~~780~~644,~~371~~839.91 54,~~772~~566,~~661~~772.5049 0.00 II-A 0.00 6763,~~538~~767,~~060~~584.9840 2,~~532~~146,~~890~~259.8766 0.00 III-A 0.00 2321,~~311~~953,~~870~~736.6374 ~~533~~178,~~661~~633.8228 0.00 A-IO 0.00 0.00 ~~240~~210,000.00 0.00 M-1 0.00 10,781,000.00 2522,~~200~~819.5878 0.00 M-2 0.00 10,421,000.00 2826,~~753~~052.2750 0.00 B 0.00 9,343,000.00 3431,~~257~~065.6647 0.00 B-IO 0.00 0.00 ~~635~~579,~~299~~932.1352 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 ~~253~~238,~~972~~707,~~085~~942.2780 97,~~802~~761,~~724~~535.8370 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 ~~135~~124,~~820~~540,~~733~~133.3951 0.00 53,~~040~~895,~~361~~293.4860 0.00 0.00 II-A 93,995,000.00 6965,~~931~~795,~~845~~412.8032 0.00 2,~~393~~027,~~784~~827.8292 0.00 0.00 III-A 35,783,000.00 2321,~~697~~994,~~423~~901.5789 0.00 ~~385~~41,~~552~~165.9414 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 ~~261~~244,~~791~~672,~~784~~229.5147 0.00 75,~~819~~964,~~699~~286.2466 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 53,~~040~~895,~~361~~293.4860 ~~130~~120,~~780~~644,~~371~~839.91 0.~~73458500~~67765437 53,~~040~~895,~~361~~293.4860 II-A 2,~~393~~027,~~784~~827.8292 6763,~~538~~767,~~060~~584.9840 0.~~71852823~~67841464 2,~~393~~027,~~784~~827.8292 III-A ~~385~~41,~~552~~165.9414 2321,~~311~~953,~~870~~736.6374 0.~~65147893~~61352421 ~~385~~41,~~552~~165.9414 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 75,~~819~~964,~~699~~286.2466 ~~253~~238,~~972~~707,~~085~~942.2780 0.~~70674131~~66426499 75,~~819~~964,~~699~~286.2466

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 ~~762~~699.~~89639219~~53398252 0.00000000 2821.~~31138879~~87961558 0.00000000 II-A 93,995,000.00 ~~743~~699.~~99538061~~98842832 0.00000000 2521.~~46715059~~57378499 0.00000000 III-A 35,783,000.00 ~~662~~614.~~25368387~~67461895 0.00000000 101.~~77475170~~15041053 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 2821.~~31138879~~87961558 ~~734~~677.~~58500340~~65436694 0.~~73458500~~67765437 2821.~~31138879~~87961558 II-A 0.00000000 2521.~~46715059~~57378499 ~~718~~678.~~52823001~~41464333 0.~~71852823~~67841464 2521.~~46715059~~57378499 III-A 0.00000000 101.~~77475170~~15041053 ~~651~~613.~~47893217~~52420814 0.~~65147893~~61352421 101.~~77475170~~15041053 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 5,125,022.81867709 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% ~~135~~124,~~820~~540,~~733~~133.3951 ~~732~~671,~~300~~478.1289 0.00 0.00 II-A 93,995,000.00 2.~~17000~~16000% 6965,~~931~~795,~~845~~412.8032 ~~139~~118,~~106~~431.1074 0.00 0.00 III-A 35,783,000.00 7.50000% 2321,~~697~~994,~~423~~901.5789 ~~148~~137,~~108~~468.9014 0.00 0.00 A-IO 0.00 87.00000% 36,000,000.00 ~~240~~210,000.00 0.00 0.00 M-1 10,781,000.00 2.~~55000~~54000% 10,781,000.00 2522,~~200~~819.5978 0.00 0.00 M-2 10,421,000.00 3.~~01000~~00000% 10,421,000.00 2826,~~753~~052.2850 0.00 0.00 B 9,343,000.00 43.~~00000~~99000% 9,343,000.00 3431,~~257~~065.6747 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,~~347~~217,~~726~~316.6652 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 0.1000 0.00 ~~732~~671,~~300~~478.0289 0.00 ~~130~~120,~~780~~644,~~371~~839.91 II-A 0.0500 0.00 ~~139~~118,~~106~~431.0574 0.00 6763,~~538~~767,~~060~~584.9840 III-A 0.0200 0.00 ~~148~~137,~~108~~468.8814 0.00 2321,~~311~~953,~~870~~736.6374 A-IO 0.00 0.00 ~~240~~210,000.00 0.00 36,000,000.00 M-1 0.0100 0.00 2522,~~200~~819.5878 0.00 10,781,000.00 M-2 0.0100 0.00 2826,~~753~~052.2750 0.00 10,421,000.00 B 0.0100 0.00 3431,~~257~~065.6647 0.00 9,343,000.00 B-IO 0.00 0.00 ~~635~~579,~~299~~932.1352 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 0.2000 0.00 1,~~983~~797,~~025~~249.5904 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% ~~762~~699.~~89639219~~53398252 43.~~11328304~~77165408 0.00000000 0.00000000 II-A 93,995,000.00 2.~~17000~~16000% ~~743~~699.~~99538061~~98842832 1.~~47993085~~25997915 0.00000000 0.00000000 III-A 35,783,000.00 7.50000% ~~662~~614.~~25368387~~67461895 43.~~13908560~~84171646 0.00000000 0.00000000 A-IO 0.00 87.00000% 1000.00000000 65.~~66666667~~83333333 0.00000000 0.00000000 M-1 10,781,000.00 2.~~55000~~54000% 1000.00000000 2.~~33750023~~11666636 0.00000000 0.00000000 M-2 10,421,000.00 3.~~01000~~00000% 1000.00000000 2.~~75916707~~50000000 0.00000000 0.00000000 B 9,343,000.00 43.~~00000~~99000% 1000.00000000 3.~~66666702~~32499946 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.~~00000056~~00000000 0.00000000 43.~~11328248~~77165408 0.00000000 ~~734~~677.~~58500340~~65436694 II-A 0.~~00000053~~00000000 0.00000000 1.~~47993032~~25997915 0.00000000 ~~718~~678.~~52823001~~41464333 III-A 0.~~00000056~~00000000 0.00000000 43.~~13908504~~84171646 0.00000000 ~~651~~613.~~47893217~~52420814 A-IO 0.00000000 0.00000000 65.~~66666667~~83333333 0.00000000 1000.00000000 M-1 0.~~00000093~~00000000 0.00000000 2.~~33749930~~11666636 0.00000000 1000.00000000 M-2 0.~~00000096~~00000000 0.00000000 2.~~75916611~~50000000 0.00000000 1000.00000000 B 0.~~00000107~~00000000 0.00000000 3.~~66666595~~32499946 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 97,~~678~~655,~~070~~745.6836 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~218~~249,~~434~~195.4599 Realized Losses (~~665~~61,631.3321) Prepayment Penalties 0.00 Total Deposits 97,~~895~~843,~~839~~310.8014 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 9381,~~114~~774.9744 Payment of Interest and Principal 97,~~802~~761,~~724~~535.8370 Total Withdrawals (Pool Distribution Amount) 97,~~895~~843,~~839~~310.8014 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 09,283.0023 Servicing Fee Support 05,489.0068 Non-Supported Prepayment/Curtailment Interest Shortfall 03,793.0055

SERVICING FEES Gross Servicing Fee 9085,~~933~~225.3718 Master Servicing Fee 2,~~181~~038.6094 Supported Prepayment/Curtailment Interest Shortfall 05,489.0068 Net Servicing Fee 9381,~~114~~774.9744

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 ~~174~~153 01 0 ~~174~~154 54,~~473~~623,~~811~~148.9915 02,952.0056 0.00 54,~~473~~626,~~811~~100.9971 30 Days ~~183~~222 1519 0 0 ~~198~~241 78,~~236~~895,~~966~~222.9031 ~~456~~707,~~289~~280.5556 0.00 0.00 79,~~693~~602,~~256~~502.4587 60 Days 4870 89 0 0 5679 2,~~141~~798,~~049~~512.6428 ~~334~~212,~~987~~393.8111 0.00 0.00 23,~~476~~010,~~037~~905.4539 90 Days 1719 69 414 0 2742 1788,~~252,187~~659.0773 ~~114~~402,~~215~~487.3913 ~~111~~406,~~832~~596.9610 0.00 1,~~478~~597,~~235~~742.4296 120 Days 1110 1 5 10 0 1725 ~~623~~718,~~504~~615.3236 3493,~~140~~437.0563 ~~238~~463,~~374~~210.5455 0.00 ~~896~~1,~~018~~275,263.9154 150 Days 137 31 89 0 2417 ~~781~~245,~~803~~753.0033 7227,~~705~~494.8604 ~~505~~726,~~474~~740.6056 0.00 1999,~~359,983~~987.4693 180+ Days 26 1623 5647 1724 ~~115~~120 1,~~042~~433,~~386~~784.6224 ~~560~~784,~~154~~464.3191 21,~~684~~945,~~319~~650.8123 ~~537~~777,~~782~~586.7552 4,~~824~~941,~~643~~485.4990 Totals ~~298~~354 ~~223~~219 7381 1724 ~~611~~678 1314,~~077~~880,~~897~~547.5525 76,~~046~~850,~~304~~705.9653 3,~~540~~545,~~001~~150.9100 ~~537~~777,~~782~~586.7552 2426,~~201~~053,~~987~~989.1730 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 32.~~009339~~765727% 0.~~000000~~018077% 0.000000% 32.~~009339~~783803% 21.~~153955~~935519% 0.~~000000~~001236% 0.000000% 21.~~153955~~936755% 30 Days 34.~~164995~~013015% 0.~~259426~~343456% 0.000000% 0.000000% 34.~~424421~~356471% 23.~~847759~~724058% 0.~~179551~~296109% 0.000000% 0.000000% 34.~~027310~~020167% 60 Days 01.~~830163~~265365% 0.~~138360~~162690% 0.000000% 0.000000% 01.~~968523~~428055% 01.~~842507~~171620% 0.~~131818~~088920% 0.000000% 0.000000% 01.~~974325~~260540% 90 Days 0.~~294016~~343456% 0.~~103770~~162690% 0.~~069180~~253073% 0.000000% 0.~~466966~~759219% 0.~~492738~~330179% 0.~~044944~~168505% 0.~~044006~~170225% 0.000000% 0.~~581688~~668908% 120 Days 0.~~190246~~180766% 0.~~017295~~090383% 0.~~086475~~180766% 0.000000% 0.~~294016~~451916% 0.~~245350~~300854% 0.~~013434~~039118% 0.~~093801~~193927% 0.000000% 0.~~352585~~533900% 150 Days 0.~~224836~~126537% 0.~~051885~~018077% 0.~~138360~~162690% 0.000000% 0.~~415081~~307303% 0.~~307641~~102887% 0.~~028610~~011511% 0.~~198905~~304256% 0.000000% 0.~~535156~~418653% 180+ Days 0.~~449671~~469993% 0.~~276721~~415763% 0.~~968523~~849602% 0.~~294016~~433839% 12.~~988931~~169197% 0.~~410181~~600266% 0.~~220422~~328423% 10.~~056285~~814562% 0.~~211618~~325543% 12.~~898506~~068794% Totals 56.~~153926~~399132% 3.~~856797~~958785% 1.~~262539~~464208% 0.~~294016~~433839% 1012.~~567278~~255965% 56.~~146176~~229864% 2.~~772733~~868104% 1.~~392997~~484206% 0.~~211618~~325543% 910.~~523525~~907717% BSSP loans in Foreclosure and ~~bankruptcy~~Bankruptcy reported in 30 day slot.

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 9577 0 0 9577 2,~~824~~134,~~132~~327.9912 0.00 0.00 2,~~824~~134,~~132~~327.9912 30 Days ~~113~~114 1012 0 0 ~~123~~126 4,~~404~~015,~~772~~776.3865 ~~262~~357,~~769~~139.1635 0.00 0.00 4,~~667~~372,~~541~~916.5400 60 Days 2931 35 0 0 3236 1,~~288~~301,~~009~~004.4334 ~~121~~100,~~053~~090.7410 0.00 0.00 1,~~409~~401,~~063~~094.1744 90 Days 611 35 15 0 1021 ~~379~~333,~~646~~875.3744 54233,~~529~~941.1099 49151,~~871~~782.2624 0.00 ~~484~~719,~~046~~599.7367 120 Days 65 03 45 0 1013 ~~228~~456,~~705~~694.6481 059,167.0062 ~~219~~361,~~041~~466.8990 0.00 ~~447~~877,~~747~~329.5333 150 Days 41 1 43 0 95 ~~300~~28,~~096~~064.7491 27,~~902~~494.7504 ~~182~~169,~~634~~331.8670 0.00 ~~510~~224,~~634~~890.3565 180 Days 149 713 2422 712 5256 ~~473~~267,~~520~~193.3824 ~~270~~448,~~469~~046.9930 ~~856~~851,~~463~~292.2856 ~~164~~261,~~570~~800.5755 1,~~765~~828,~~024~~332.2265 Totals ~~172~~171 ~~119~~116 3335 712 ~~331~~334 76,~~074~~402,~~750~~609.9439 3,~~560~~360,~~857~~206.7352 1,~~308~~533,~~011~~873.2940 ~~164~~261,~~570~~800.5755 1211,~~108~~558,~~190~~489.5386 0-29 Days 2.~~630122~~233827% 0.000000% 0.000000% 2.~~630122~~233827% 1.~~875659~~519441% 0.000000% 0.000000% 1.~~875659~~519441% 30 Days 3.~~128461~~307224% 0.~~276855~~348129% 0.000000% 0.000000% 3.~~405316~~655352% 2.~~925446~~858857% 0.~~174519~~254250% 0.000000% 0.000000% 3.~~099965~~113107% 60 Days 0.~~802879~~899333% 0.~~083056~~145054% 0.000000% 0.000000% 01.~~885936~~044386% 0.~~855436~~926193% 0.~~080398~~071255% 0.000000% 0.000000% 0.~~935835~~997448% 90 Days 0.~~166113~~319118% 0.~~083056~~145054% 0.~~027685~~145054% 0.000000% 0.~~276855~~609225% 0.~~252144~~237688% 0.~~036216~~166545% 0.~~033122~~108055% 0.000000% 0.~~321481~~512288% 120 Days 0.~~166113~~145054% 0.~~000000~~087032% 0.~~110742~~145054% 0.000000% 0.~~276855~~377140% 0.~~151896~~325124% 0.~~000000~~042122% 0.~~145478~~257331% 0.000000% 0.~~297373~~624576% 150 Days 0.~~110742~~029011% 0.~~027685~~029011% 0.~~110742~~087032% 0.000000% 0.~~249169~~145054% 0.~~199310~~019980% 0.~~018532~~019573% 0.~~121298~~120548% 0.000000% 0.~~339140~~160101% 180 Days 0.~~387597~~261097% 0.~~193798~~377140% 0.~~664452~~638236% 0.~~193798~~348129% 1.~~439646~~624601% 0.~~314490~~190217% 0.~~179634~~318967% 0.~~568823~~606041% 0.~~109300~~186377% 1.~~172248~~301602% Totals 4.~~761905~~960836% 3.~~294574~~365245% 01.~~913621~~015376% 0.~~193798~~348129% 9.~~163898~~689585% 4.~~698723~~558059% 2.~~364957~~392153% 01.~~868721~~091974% 0.~~109300~~186377% 8.~~041701~~228563% 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 7976 01 0 7977 2,~~649~~488,~~679~~821.0003 02,952.0056 0.00 2,~~649~~491,~~679~~773.0059 30 Days 68105 57 0 0 73112 24,~~475~~096,~~045~~109.7289 ~~193~~350,~~520~~141.3921 0.00 0.00 24,~~668~~446,~~566~~251.1110 60 Days 1839 54 0 0 2343 ~~571~~1,~~496~~497,507.4194 ~~213~~112,~~934~~303.0701 0.00 0.00 ~~785~~1,~~430~~609,810.4895 90 Days 108 34 39 0 1621 ~~544~~454,~~182~~784.6429 59168,~~686~~545.2914 61254,~~961~~813.7086 0.00 ~~665~~878,~~830~~143.6329 120 Days 5 12 15 0 712 ~~394~~261,~~798~~920.6855 34,~~140~~270.0501 19101,~~332~~743.65 0.00 ~~448~~397,~~271~~934.3821 150 Days 96 20 45 0 1511 ~~481~~217,~~706~~688.2642 ~~44,803~~0.1100 ~~322~~229,~~839~~481.7453 0.00 ~~849~~447,~~349~~169.1195 180 Days 1217 910 3225 1012 6364 ~~568~~1,~~866~~166,591.2400 ~~289~~336,~~684~~418.3261 1,~~827~~094,~~856~~357.5367 ~~373~~515,~~212~~785.1897 3,~~059~~113,~~619~~153.2725 Totals ~~122~~180 ~~104~~103 4045 1012 ~~276~~340 57,~~036~~694,~~095~~602.9509 3,~~485~~490,~~447~~499.2301 21,~~231~~683,~~990~~349.6227 ~~373~~515,~~212~~785.1897 1113,~~126~~384,~~745~~236.9834 0-29 Days 3.~~785338~~786746% 0.~~000000~~049826% 0.000000% 3.~~785338~~836572% 3.~~455309~~415393% 0.~~000000~~004052% 0.000000% 3.~~455309~~419445% 30 Days 35.~~258265~~231689% 0.~~239578~~348779% 0.000000% 0.000000% 35.~~497844~~580468% 35.~~227579~~621065% 0.~~252360~~480496% 0.000000% 0.000000% 36.~~479939~~101561% 60 Days 01.~~862482~~943199% 0.~~239578~~199302% 0.000000% 0.000000% 12.~~102060~~142501% 02.~~745259~~055020% 0.~~278980~~154113% 0.000000% 0.000000% 12.~~024239~~209133% 90 Days 0.~~479157~~398605% 0.~~143747~~199302% 0.~~143747~~448430% 0.000000% 01.~~766651~~046338% 0.~~709640~~624098% 0.~~077834~~231293% 0.~~080801~~349679% 0.000000% 01.~~868275~~205070% 120 Days 0.~~239578~~249128% 0.~~047916~~099651% 0.~~047916~~249128% 0.000000% 0.~~335410~~597907% 0.~~514836~~359432% 0.~~044520~~047029% 0.~~025211~~139622% 0.000000% 0.~~584567~~546083% 150 Days 0.~~431241~~298954% 0.~~095831~~000000% 0.~~191663~~249128% 0.000000% 0.~~718735~~548082% 0.~~628168~~298732% 0.~~058425~~000000% 0.~~420999~~314916% 0.000000% 10.~~107592~~613648% 180 Days 0.~~574988~~847035% 0.~~431241~~498256% 1.~~533301~~245640% 0.~~479157~~597907% 3.~~018687~~188839% 01.~~741829~~600905% 0.~~377762~~461665% 21.~~383613~~501780% 0.~~486687~~707810% 34.~~989891~~272160% Totals 58.~~845712~~968610% 45.~~983230~~132038% 12.~~916627~~242152% 0.~~479157~~597907% 1316.~~224724~~940708% 610.~~567312~~559252% 4.~~545191~~789989% 2.~~910623~~310049% 0.~~486687~~707810% 1418.~~509813~~367100% 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 23 0 0 0 23 ~~357~~783,~~148~~335.8077 0.00 0.00 0.00 ~~357~~783,~~148~~335.8077 60 Days 10 0 0 0 10 ~~281,543~~0.8000 0.00 0.00 0.00 ~~281,543~~0.8000 90 Days 10 0 0 0 10 ~~328,358~~0.0600 0.00 0.00 0.00 ~~328,358~~0.0600 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 01 0 01 0.00 0.00 0327,927.0033 0.00 0327,927.0033 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 43 0 01 0 4 ~~967~~783,~~050~~335.6677 0.00 0327,927.0033 0.00 ~~967~~1,~~050~~111,263.6610 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 23.~~409639~~846154% 0.000000% 0.000000% 0.000000% 23.~~409639~~846154% 13.~~328844~~069532% 0.000000% 0.000000% 0.000000% 13.~~328844~~069532% 60 Days 10.~~204819~~000000% 0.000000% 0.000000% 0.000000% 10.~~204819~~000000% 10.~~047541~~000000% 0.000000% 0.000000% 0.000000% 10.~~047541~~000000% 90 Days 10.~~204819~~000000% 0.000000% 0.000000% 0.000000% 10.~~204819~~000000% 10.~~221723~~000000% 0.000000% 0.000000% 0.000000% 10.~~221723~~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% 01.~~000000~~282051% 0.000000% 01.~~000000~~282051% 0.000000% 0.000000% 01.~~000000~~284996% 0.000000% 01.~~000000~~284996% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 43.~~819277~~846154% 0.000000% 01.~~000000~~282051% 0.000000% 45.~~819277~~128205% 3.~~598108~~069532% 0.000000% 01.~~000000~~284996% 0.000000% 34.~~598108~~354528%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~218~~249,~~434~~195.4599

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.~~519653~~544905% Weighted Average Net Coupon 9.~~102833~~126917% Weighted Average Pass-Through Rate 9.~~102833~~126917% Weighted Average Maturity(Stepdown Calculation ) ~~215~~213 Beginning Scheduled Collateral Loan Count 5,~~906~~637 Number Of Loans Paid In Full ~~124~~105 Ending Scheduled Collateral Loan Count 5,~~782~~532 Beginning Scheduled Collateral Balance ~~261~~244,~~791~~672,~~784~~229.5246 Ending Scheduled Collateral Balance ~~253~~238,~~972~~707,~~085~~942.2780 Ending Actual Collateral Balance at 30-~~Apr~~Jun-2002 ~~254~~238,~~128~~858,~~463~~319.1618 Monthly P &I Constant 32,~~159~~985,~~141~~506.2503 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~665~~61,631.3321 Cumulative Realized Loss 69169,~~016~~242.3158 Ending Scheduled Balance for Premium Loans ~~253~~238,~~972~~707,~~085~~942.2780 Scheduled Principal 1,~~082~~039,~~335~~361.3766 Unscheduled Principal 64,~~737~~924,~~363~~925.8800 Required Overcollateralization Amount 1,796,781.75 Overcollateralized Increase Amount ~~665~~61,631.3321 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,796,781.75 Overcollateralized Amount 1,796,781.75 Overcollateralized Deficiency Amount ~~665~~61,631.3321 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~665~~61,631.3321 Excess Cash Amount ~~635~~641,~~964~~563.4673

Miscellaneous Reporting BSSP Group 1 - Stated Principal 12Balance 11,~~701~~884,~~992~~004.9066 BSSP Group 2 - Stated Principal ~~176~~Balance 174,~~222~~653.0756 BSSP Group 3 - Stated Principal ~~209~~Balance 206,~~052~~564.1807 Three Month Rolling Average 4.~~318826~~647786% 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.~~492076~~561585 10.~~129611~~118828 7.~~905955~~766657 Weighted Average Net Rate 9.~~089332~~158250 9.~~646443~~633289 7.~~601417~~464112 Weighted Average Maturity ~~115~~113 2220 ~~238~~236 Beginning Loan Count 3,~~695~~512 2,~~127~~047 8478 Loans Paid In Full 8365 40 10 Ending Loan Count 3,~~612~~447 2,~~087~~007 8378 Beginning Scheduled Balance ~~155~~144,~~488~~214,~~546~~510.5259 7974,~~072~~923,~~211~~716.9923 2725,~~231~~534,~~026~~002.0164 Ending scheduled Balance ~~150~~140,~~448~~349,~~251~~429.6920 7672,~~678~~865,~~327~~250.7173 2625,~~845~~493,~~505~~262.87 Record Date 0406/30/2002 0406/30/2002 0406/30/2002 Principal And Interest Constant 1,~~937~~827,~~201~~507.3583 ~~998~~954,~~751~~245.9337 ~~223~~203,~~187~~752.9783 Scheduled Principal ~~707~~678,~~277~~408.1547 ~~331~~322,~~276~~461.3189 4338,~~781~~491.9130 Unscheduled Principal 43,~~333~~186,~~017~~672.6892 21,~~062~~736,~~607~~003.9761 ~~341~~2,~~738~~248.2347 Scheduled Interest 1,~~229~~149,~~924~~099.2036 ~~667~~631,~~475~~783.6248 ~~179~~165,~~406~~261.0653 Servicing Fees 5248,~~185~~472.0121 3130,~~837~~315.6233 6,~~910~~437.7464 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,~~177~~100,~~739~~627.1915 ~~635~~601,~~638~~468.0015 ~~172~~158,~~495~~823.3289 Realized Loss Amount ~~362~~10,039.2032 ~~303~~51,591.1389 0.00 Cumulative Realized Loss 2050,~~771~~210.1358 48119,~~245~~032.1800 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.~~089332~~158250 9.~~646443~~633289 7.~~601417~~464112

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 9.~~519653~~544905 Weighted Average Net Rate 9.~~102833~~126917 Weighted Average Maturity ~~215~~213 Beginning Loan Count 5,~~906~~637 Loans Paid In Full ~~124~~105 Ending Loan Count 5,~~782~~532 Beginning Scheduled Balance ~~261~~244,~~791~~672,~~784~~229.5246 Ending scheduled Balance ~~253~~238,~~972~~707,~~085~~942.2780 Record Date 0406/30/2002 Principal And Interest Constant 32,~~159~~985,~~141~~506.2503 Scheduled Principal 1,~~082~~039,~~335~~361.3766 Unscheduled Principal 64,~~737~~924,~~363~~925.8800 Scheduled Interest 21,~~076~~946,~~805~~144.8837 Servicing Fees 9085,~~933~~225.3718 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 1,~~985~~860,~~872~~919.5119 Realized Loss Amount ~~665~~61,631.3321 Cumulative Realized Loss 69169,~~016~~242.3158 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 9.~~102833~~126917

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