8-K 1 bst01003.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 ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-14 Pooling and Servicing Agreement) (Commission 90-0031963 (State or other File Number) 90-0031697 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 ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-3 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 2001-3 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/30/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the July 25, 2002 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 46/30/02 Distribution Date: 57/2825/02 BST Series: 2001-3 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 07384MDD1 SEN 6.~~43610~~43570% 1915,~~120~~831,~~753~~777.5259 ~~102~~84,~~328~~628.0271 21,~~170~~391,~~016~~980.2866 R-I 07384MDE9 RES 6.~~32691~~30925% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.~~43610~~43570% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.~~43610~~43570% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.~~30191~~28425% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.~~80191~~78425% ~~106~~70,~~577~~282,~~975~~920.2272 ~~514~~337,~~167~~667.8543 1918,~~712~~739,~~025~~567.5366 II-A-3 07384MDK5 SEN 5.95000% 146,706,600.00 725,~~827~~035.3727 0.00 II-A-4 07384MEH1 SEN 6.~~32691~~30925% 1,000.00 5.2624 0.00 II-X 07384MDL3 SEN 0.~~43922~~41294% 0.00 9274,~~503~~423.7792 0.00 III-A 07384MDM1 SEN 6.~~69142~~67936% ~~113~~106,~~658~~151,~~778~~633.5280 ~~632~~588,~~393~~916.9688 3,~~479~~810,~~474~~225.2649 IV-A 07384MDN9 SEN 6.~~92820~~91968% 3934,~~452~~893,~~483~~003.9698 ~~227~~200,~~280~~547.0932 31,~~185~~272,~~684~~442.9269 V-A 07384MDP4 SEN 6.~~68486~~68533% 5444,~~205~~373,~~254~~993.6134 ~~301~~246,~~300~~401.6590 43,~~053~~106,~~178~~820.8721 VI-A 07384MDQ2 SEN 6.~~54859~~54159% 3833,~~066~~277,~~287~~647.5369 ~~207~~180,~~278~~812.7660 24,~~290~~105,~~401~~261.2648 B-1 07384MDR0 SUB 6.~~48886~~47807% 9,~~792~~133,~~609~~532.5325 5249,~~836~~144.4273 ~~343~~338,~~065~~651.5074 B-2 07384MDS8 SUB 6.~~48886~~47807% 5,~~508~~137,~~225~~502.3832 2927,~~719~~643.8532 ~~192~~190,~~970~~487.2354 B-3 07384MDT6 SUB 6.~~48886~~47807% 3,~~672~~425,~~181~~030.5877 1918,~~813~~429.4104 ~~128~~126,~~647~~992.9278 B-4 07384MDV1 SUB 6.~~48886~~47807% 2,~~448~~283,~~152~~383.3806 1312,~~209~~286.1118 8584,~~766~~662.3893 B-5 07384MDW9 SUB 6.~~48886~~47807% 1,~~224~~141,~~123~~735.1836 6,~~604~~143.8133 42,~~884~~333.8309 B-6 07384MDX7 SUB 6.~~48886~~47807% 1,~~836~~712,~~278~~690.6863 9,~~907~~215.7246 6463,~~330~~502.5489 Totals ~~542~~474,~~270~~352,~~704~~451.0951 2,~~935~~561,~~177~~301.0533 3533,~~748~~272,~~446~~929.5216

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 1614,~~950~~439,~~737~~796.2493 21,~~272~~476,~~344~~609.3037 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 II-A-2 0.00 8651,~~865~~543,~~949~~353.6806 2019,~~226~~077,~~193~~235.3809 0.00 II-A-3 0.00 146,706,600.00 725,~~827~~035.3727 0.00 II-A-4 0.00 1,000.00 5.2624 0.00 II-X 0.00 0.00 9274,~~503~~423.7792 0.00 III-A 0.00 ~~110~~102,~~179~~341,~~304~~408.2631 4,~~111~~399,~~868~~142.2237 0.00 IV-A 0.00 3633,~~266~~620,~~799~~561.0428 31,~~412~~472,~~965~~990.01 0.00 V-A 0.00 5041,~~152~~267,~~075~~173.7414 43,~~354~~353,~~479~~222.5211 0.00 VI-A 0.00 3529,~~775~~172,~~886~~386.2721 24,~~497~~286,~~680~~074.0208 0.00 B-1 0.00 98,~~449~~794,~~544~~880.0352 ~~395~~387,~~901~~796.9247 0.00 B-2 0.00 54,~~315~~947,~~255~~014.1578 ~~222~~218,~~690~~130.0886 0.00 B-3 0.00 3,~~543~~298,~~533~~037.6699 ~~148~~145,~~461~~421.3382 0.00 B-4 0.00 2,~~362~~198,~~386~~720.0113 9896,~~975~~949.4911 0.00 B-5 0.00 1,~~181~~099,~~238~~402.3527 4948,~~489~~476.6442 0.00 B-6 0.00 1,~~771~~649,~~948~~187.14 74 72,~~238~~718.2635 0.00 Totals 0.00 ~~506~~441,~~522~~079,~~257~~522.5736 3835,~~683~~834,~~623~~230.5749 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 88,092,600.00 1915,~~120~~831,~~753~~777.5259 1917,~~939~~151.0824 21,~~150~~374,~~077~~829.2042 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 0.00 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 ~~106~~70,~~577~~282,~~975~~920.2272 ~~240~~208,~~715~~782.9283 1918,~~471~~530,~~309~~784.6183 0.00 0.00 II-A-3 146,706,600.00 146,706,600.00 0.00 0.00 0.00 0.00 II-A-4 1,000.00 1,000.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 209,616,500.00 ~~113~~106,~~658~~151,~~778~~633.5280 8883,~~386~~754.1128 3,~~391~~726,~~088~~471.1521 0.00 0.00 IV-A 79,734,300.00 3934,~~452~~893,~~483~~003.9698 3330,~~933~~081.9726 31,~~151~~242,~~750~~361.9543 0.00 0.00 V-A 145,181,800.00 5444,~~205~~373,~~254~~993.6134 4739,~~028~~114.3023 43,~~006~~067,~~150~~705.5897 0.00 0.00 VI-A 87,535,000.00 3833,~~066~~277,~~287~~647.5369 2220,~~833~~610.47 24,~~267~~084,~~567~~651.7801 0.00 0.00 B-1 10,419,600.00 9,~~792~~133,~~609~~532.5325 8,~~703~~233.8975 ~~334~~330,~~361~~417.6199 0.00 0.00 B-2 5,860,900.00 5,~~508~~137,~~225~~502.3832 4,~~895~~631.8338 ~~188~~185,~~074~~856.3915 0.00 0.00 B-3 3,907,300.00 3,~~672~~425,~~181~~030.5877 3,~~263~~087.9262 ~~125~~123,~~384~~905.0016 0.00 0.00 B-4 2,604,900.00 2,~~448~~283,~~152~~383.3806 2,~~175~~058.9744 8382,~~590~~604.4050 0.00 0.00 B-5 1,302,500.00 1,~~224~~141,~~123~~735.1836 1,~~088~~029.0326 41,~~796~~303.8183 0.00 0.00 B-6 1,953,851.00 1,~~836~~712,~~278~~690.6863 1,~~632~~543.1397 6261,~~698~~958.4292 0.00 0.00 Totals 1,302,438,001.00 ~~542~~474,~~270~~352,~~704~~451.0951 ~~474~~420,~~596~~078.6273 3532,~~273~~852,~~849~~850.9042 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 21,~~170~~391,~~016~~980.2866 1614,~~950~~439,~~737~~796.2493 0.~~19241954~~16391612 21,~~170~~391,~~016~~980.2866 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 1918,~~712~~739,~~025~~567.5366 8651,~~865~~543,~~949~~353.6806 0.~~44476915~~26391116 1918,~~712~~739,~~025~~567.5366 II-A-3 0.00 146,706,600.00 1.00000000 0.00 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 3,~~479~~810,~~474~~225.2649 ~~110~~102,~~179~~341,~~304~~408.2631 0.~~52562324~~48823164 3,~~479~~810,~~474~~225.2649 IV-A 31,~~185~~272,~~684~~442.9269 3633,~~266~~620,~~799~~561.0428 0.~~45484564~~42165745 31,~~185~~272,~~684~~442.9269 V-A 43,~~053~~106,~~178~~820.8721 5041,~~152~~267,~~075~~173.7414 0.~~34544327~~28424481 43,~~053~~106,~~178~~820.8721 VI-A 24,~~290~~105,~~401~~261.2648 3529,~~775~~172,~~886~~386.2721 0.~~40870379~~33326539 24,~~290~~105,~~401~~261.2648 B-1 ~~343~~338,~~065~~651.5074 98,~~449~~794,~~544~~880.0352 0.~~90690084~~84407084 ~~343~~338,~~065~~651.5074 B-2 ~~192~~190,~~970~~487.2354 54,~~315~~947,~~255~~014.1578 0.~~90690084~~84407084 ~~192~~190,~~970~~487.2354 B-3 ~~128~~126,~~647~~992.9278 3,~~543~~298,~~533~~037.6699 0.~~90690084~~84407084 ~~128~~126,~~647~~992.9278 B-4 8584,~~766~~662.3893 2,~~362~~198,~~386~~720.0113 0.~~90690084~~84407084 8584,~~766~~662.3893 B-5 42,~~884~~333.8309 1,~~181~~099,~~238~~402.3527 0.~~90690084~~84407084 42,~~884~~333.8309 B-6 6463,~~330~~502.5489 1,~~771~~649,~~948~~187.1474 0.~~90690034~~84407037 6463,~~330~~502.5489 Totals 3533,~~748~~272,~~446~~929.5216 ~~506~~441,~~522~~079,~~257~~522.5736 0.~~38890316~~33865683 3533,~~748~~272,~~446~~929.5216

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 88,092,600.00 ~~217~~179.~~05289116~~71745175 0.~~22634228~~19469558 2415.~~40701262~~60663915 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 ~~545~~359.~~69823216~~86108301 1.~~23250842~~06900531 9994.~~69657624~~88092170 0.00000000 II-A-3 146,706,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-4 1,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 209,616,500.00 ~~542~~506.~~22248020~~40876935 0.~~42165626~~39955958 1617.~~17758216~~77756622 0.00000000 IV-A 79,734,300.00 ~~494~~437.~~79940201~~61598183 0.~~42558811~~37726875 3915.~~52816981~~58126716 0.00000000 V-A 145,181,800.00 ~~373~~305.~~36122441~~64432553 0.~~32392697~~26941552 2721.~~59402749~~13010012 0.00000000 VI-A 87,535,000.00 ~~434~~380.~~86933832~~16390804 0.~~26084960~~23545405 2546.~~90469846~~66306060 0.00000000 B-1 10,419,600.00 ~~939~~876.~~82585992~~57225325 0.~~83533821~~79021747 3231.~~08967811~~71119717 0.00000000 B-2 5,860,900.00 ~~939~~876.~~82585951~~57225341 0.~~83533758~~79021652 3231.~~08967735~~71119623 0.00000000 B-3 3,907,300.00 ~~939~~876.~~82585929~~57225450 0.~~83533898~~79021831 3231.~~08967829~~71119699 0.00000000 B-4 2,604,900.00 ~~939~~876.~~82585896~~57225229 0.~~83533725~~79021843 3231.~~08967715~~71119813 0.00000000 B-5 1,302,500.00 ~~939~~876.~~82585797~~57225336 0.~~83533973~~79021881 3231.~~08968138~~71119386 0.00000000 B-6 1,953,851.00 ~~939~~876.~~82533980~~57177031 0.~~83534005~~79021891 3231.~~08966293~~71117961 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000

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 2415.~~63335490~~80133473 ~~192~~163.~~41953626~~91611702 0.~~19241954~~16391612 2415.~~63335490~~80133473 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 ~~100~~95.~~92908466~~94992701 ~~444~~263.~~76914744~~91115600 0.~~44476915~~26391116 ~~100~~95.~~92908466~~94992701 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 1618.~~59923842~~17712580 ~~525~~488.~~62324178~~23164355 0.~~52562324~~48823164 1618.~~59923842~~17712580 IV-A 0.00000000 3915.~~95375792~~95853591 ~~454~~421.~~84564410~~65744579 0.~~45484564~~42165745 3915.~~95375792~~95853591 V-A 0.00000000 2721.~~91795439~~39951571 ~~345~~284.~~44327002~~24480989 0.~~34544327~~28424481 2721.~~91795439~~39951571 VI-A 0.00000000 2646.~~16554818~~89851465 ~~408~~333.~~70379014~~26539339 0.~~40870379~~33326539 2646.~~16554818~~89851465 B-1 0.00000000 32.~~92501632~~50141464 ~~906~~844.~~90084360~~07083957 0.~~90690084~~84407084 32.~~92501632~~50141464 B-2 0.00000000 32.~~92501664~~50141446 ~~906~~844.~~90084287~~07083895 0.~~90690084~~84407084 32.~~92501664~~50141446 B-3 0.00000000 32.~~92501728~~50141530 ~~906~~844.~~90084201~~07083920 0.~~90690084~~84407084 32.~~92501728~~50141530 B-4 0.00000000 32.~~92501823~~50141272 ~~906~~844.~~90084456~~07083957 0.~~90690084~~84407084 32.~~92501823~~50141272 B-5 0.00000000 32.~~92501344~~50141267 ~~906~~844.~~90084453~~07084069 0.~~90690084~~84407084 32.~~92501344~~50141267 B-6 0.00000000 32.~~92499786~~50139852 ~~906~~844.~~90034194~~07037179 0.~~90690034~~84407037 32.~~92499786~~50139852 (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 88,092,600.00 6.~~43610~~43570% 1915,~~120~~831,~~753~~777.5259 ~~102~~84,~~552~~907.5809 0.00 0.00 R-I 50.00 6.~~32691~~30925% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~43610~~43570% 0.00 0.00 0.00 0.00 R-III 50.00 6.~~43610~~43570% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.~~30191~~28425% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.~~80191~~78425% ~~106~~70,~~577~~282,~~975~~920.2272 ~~515~~338,~~296~~778.2216 0.00 0.00 II-A-3 146,706,600.00 5.95000% 146,706,600.00 727,420.22 0.00 0.00 II-A-4 1,000.00 6.~~32691~~30925% 1,000.00 5.2726 0.00 0.00 II-X 0.00 0.~~43922~~41294% ~~253~~216,~~284~~989,~~575~~520.2272 9274,~~706~~668.7773 0.00 0.00 III-A 209,616,500.00 6.~~69142~~67936% ~~113~~106,~~658~~151,~~778~~633.5280 ~~633~~590,~~781~~854.7709 0.00 0.00 IV-A 79,734,300.00 6.~~92820~~91968% 3934,~~452~~893,~~483~~003.9698 ~~227~~201,~~778~~207.8600 0.00 0.00 V-A 145,181,800.00 6.~~68486~~68533% 5444,~~205~~373,~~254~~993.6134 ~~301~~247,~~961~~212.8742 0.00 0.00 VI-A 87,535,000.00 6.~~54859~~54159% 3833,~~066~~277,~~287~~647.5369 ~~207~~181,~~733~~407.6437 0.00 0.00 B-1 10,419,600.00 6.~~48886~~47807% 9,~~792~~133,~~609~~532.5325 5249,~~952~~306.3839 0.00 0.00 B-2 5,860,900.00 6.~~48886~~47807% 5,~~508~~137,~~225~~502.3832 2927,~~785~~734.0825 0.00 0.00 B-3 3,907,300.00 6.~~48886~~47807% 3,~~672~~425,~~181~~030.5877 1918,~~856~~489.8966 0.00 0.00 B-4 2,604,900.00 6.~~48886~~47807% 2,~~448~~283,~~152~~383.3806 1312,~~238~~326.0960 0.00 0.00 B-5 1,302,500.00 6.~~48886~~47807% 1,~~224~~141,~~123~~735.1836 6,~~619~~163.3054 0.00 0.00 B-6 1,953,851.00 6.~~48886~~47807% 1,~~836~~712,~~278~~690.6863 9,~~929~~245.4678 0.00 0.00 Totals 1,302,438,001.00 2,~~941~~569,~~618~~726.4056 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 ~~224~~278.5638 0.00 ~~102~~84,~~328~~628.0271 0.00 1614,~~950~~439,~~737~~796.2493 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 0.00 II-A-2 1,~~128~~110.3673 0.00 ~~514~~337,~~167~~667.8543 0.00 8651,~~865~~543,~~949~~353.6806 II-A-3 12,~~592~~384.8696 0.00 725,~~827~~035.3727 0.00 146,706,600.00 II-A-4 0.0102 0.00 5.2624 0.00 1,000.00 II-X ~~203~~244.0081 0.00 9274,~~503~~423.7792 0.00 ~~233~~198,~~572~~249,~~549~~953.6806 III-A 1,~~387~~937.8120 0.00 ~~632~~588,~~393~~916.9688 0.00 ~~110~~102,~~179~~341,~~304~~408.2631 IV-A ~~498~~659.7869 0.00 ~~227~~200,~~280~~547.0932 0.00 3633,~~266~~620,~~799~~561.0428 V-A ~~661~~810.2252 0.00 ~~301~~246,~~300~~401.6590 0.00 5041,~~152~~267,~~075~~173.7414 VI-A ~~454~~594.8877 0.00 ~~207~~180,~~278~~812.7660 0.00 3529,~~775~~172,~~886~~386.2721 B-1 ~~115~~161.9566 0.00 5249,~~836~~144.4273 0.00 98,~~449~~794,~~544~~880.0352 B-2 6590.2293 0.00 2927,~~719~~643.8532 0.00 54,~~315~~947,~~255~~014.1578 B-3 4360.4862 0.00 1918,~~813~~429.4104 0.00 3,~~543~~298,~~533~~037.6699 B-4 2840.9941 0.00 1312,~~209~~286.1118 0.00 2,~~362~~198,~~386~~720.0113 B-5 1420.4921 0.00 6,~~604~~143.8133 0.00 1,~~181~~099,~~238~~402.3527 B-6 2130.7431 0.00 9,~~907~~215.7246 0.00 1,~~771~~649,~~948~~187.1474 Totals 68,~~441~~425.3522 0.00 2,~~935~~561,~~177~~301.0533 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 88,092,600.00 6.~~43610~~43570% ~~217~~179.~~05289116~~71745175 10.~~16414523~~96383907 0.00000000 0.00000000 R-I 50.00 6.~~32691~~30925% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~43610~~43570% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.~~43610~~43570% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.~~30191~~28425% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.~~80191~~78425% ~~545~~359.~~69823216~~86108301 21.~~63840851~~73460457 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% 1000.00000000 4.95833330 0.00000000 0.00000000 II-A-4 1,000.00 6.~~32691~~30925% 1000.00000000 5.~~27000000~~26000000 0.00000000 0.00000000 II-X 0.00 0.~~43922~~41294% ~~380~~325.~~17724757~~69878630 0.~~13915180~~11207691 0.00000000 0.00000000 III-A 209,616,500.00 6.~~69142~~67936% ~~542~~506.~~22248020~~40876935 32.~~02352997~~81873846 0.00000000 0.00000000 IV-A 79,734,300.00 6.~~92820~~91968% ~~494~~437.~~79940201~~61598183 2.~~85672364~~52346857 0.00000000 0.00000000 V-A 145,181,800.00 6.~~68486~~68533% ~~373~~305.~~36122441~~64432553 21.~~07988791~~70277831 0.00000000 0.00000000 VI-A 87,535,000.00 6.~~54859~~54159% ~~434~~380.~~86933832~~16390804 2.~~37314948~~07239813 0.00000000 0.00000000 B-1 10,419,600.00 6.~~48886~~47807% ~~939~~876.~~82585992~~57225325 54.~~08199739~~73208089 0.00000000 0.00000000 B-2 5,860,900.00 6.~~48886~~47807% ~~939~~876.~~82585951~~57225341 54.~~08199765~~73208040 0.00000000 0.00000000 B-3 3,907,300.00 6.~~48886~~47807% ~~939~~876.~~82585929~~57225450 54.~~08199780~~73208098 0.00000000 0.00000000 B-4 2,604,900.00 6.~~48886~~47807% ~~939~~876.~~82585896~~57225229 54.~~08199547~~73208185 0.00000000 0.00000000 B-5 1,302,500.00 6.~~48886~~47807% ~~939~~876.~~82585797~~57225336 54.~~08199616~~73208445 0.00000000 0.00000000 B-6 1,953,851.00 6.~~48886~~47807% ~~939~~876.~~82533980~~57177031 54.~~08199448~~73208039 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 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 I-A 0.~~00254914~~00316008 0.00000000 10.~~16159609~~96067899 0.00000000 ~~192~~163.~~41953626~~91611702 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.~~00577740~~00568714 0.00000000 21.~~63263105~~72891744 0.00000000 ~~444~~263.~~76914744~~91115600 II-A-3 0.~~01085745~~01625666 0.00000000 4.~~94747591~~94207670 0.00000000 1000.00000000 II-A-4 0.~~01000000~~02000000 0.00000000 5.~~26000000~~24000000 0.00000000 1000.00000000 II-X 0.~~00030470~~00036746 0.00000000 0.~~13884710~~11170945 0.00000000 ~~350~~297.~~58972291~~57090979 III-A 0.~~00662071~~00924164 0.00000000 32.~~01690926~~80949677 0.00000000 ~~525~~488.~~62324178~~23164355 IV-A 0.~~00625553~~00827360 0.00000000 2.~~85046824~~51519509 0.00000000 ~~454~~421.~~84564410~~65744579 V-A 0.~~00455443~~00558279 0.00000000 21.~~07533348~~69719552 0.00000000 ~~345~~284.~~44327002~~24480989 VI-A 0.~~00519655~~00679465 0.00000000 2.~~36795293~~06560347 0.00000000 ~~408~~333.~~70379014~~26539339 B-1 0.~~01112807~~01551499 0.00000000 54.~~07086836~~71656590 0.00000000 ~~906~~844.~~90084360~~07083957 B-2 0.~~01112798~~01551468 0.00000000 54.~~07086796~~71656572 0.00000000 ~~906~~844.~~90084287~~07083895 B-3 0.~~01112789~~01551455 0.00000000 54.~~07086991~~71656643 0.00000000 ~~906~~844.~~90084201~~07083920 B-4 0.~~01112903~~01551307 0.00000000 54.~~07087028~~71656494 0.00000000 ~~906~~844.~~90084456~~07083957 B-5 0.~~01112476~~01551631 0.00000000 54.~~07087140~~71656814 0.00000000 ~~906~~844.~~90084453~~07084069 B-6 0.~~01112674~~01551295 0.00000000 54.~~07086774~~71656232 0.00000000 ~~906~~844.~~90034194~~07037179 (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 3835,~~804~~937,~~767~~446.4634 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5761,~~650~~587.9024 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3835,~~862~~999,~~418~~033.3658 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~178~~164,~~794~~803.7909 Payment of Interest and Principal 3835,~~683~~834,~~623~~230.5749 Total Withdrawals (Pool Distribution Amount) 3835,~~862~~999,~~418~~033.3658 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 8769,~~909~~876.1775 Servicing Fee Support 8161,~~467~~451.8453 Non-Supported Prepayment/Curtailment Interest Shortfall 68,~~441~~425.3522

SERVICING FEES Gross Servicing Fee ~~202~~175,~~070~~721.3918 Supplemental PMI Insurance Fee 5850,~~192~~533.2444 Supported Prepayment/Curtailment Interest Shortfall 8161,~~467~~451.8453 Net Servicing Fee ~~178~~164,~~794~~803.7909

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 1316 0 0 0 1316 57,~~751~~146,~~887~~531.9847 0.00 0.00 0.00 57,~~751~~146,~~887~~531.9847 60 Days 31 0 0 0 3 1 160,~~073,552~~241.2652 0.00 0.00 0.00 1160,~~073,552~~241.2652 90 Days 1 0 0 0 1 ~~317~~316,~~191~~701.3983 0.00 0.00 0.00 ~~317~~316,~~191~~701.3983 120 Days 1 0 0 1 0 1 ~~409,158.30~~ 0.00 0.00 312,267.34 0.00 ~~409~~312,~~158~~267.3034 150 Days 10 0 0 0 10 ~~316,772~~0.8200 0.00 0.00 0.00 ~~316,772~~0.8200 180+ Days 01 01 2 0 24 0316,772.0082 0582,161.0011 ~~872~~699,~~773~~770.6079 0.00 ~~872~~1,~~773~~598,704.6072 Totals 19 01 23 0 2123 7,~~868~~940,~~562~~247.7564 0582,161.0011 ~~872~~1,~~773~~012,038.6013 0.00 89,~~741~~534,~~336~~446.3588 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.~~122625~~573255% 0.000000% 0.000000% 0.000000% 1.~~122625~~573255% 1.~~134721~~618956% 0.000000% 0.000000% 0.000000% 1.~~134721~~618956% 60 Days 0.~~259067~~098328% 0.000000% 0.000000% 0.000000% 0.~~259067~~098328% 0.~~211788~~036301% 0.000000% 0.000000% 0.000000% 0.~~211788~~036301% 90 Days 0.~~086356~~098328% 0.000000% 0.000000% 0.000000% 0.~~086356~~098328% 0.~~062575~~071745% 0.000000% 0.000000% 0.000000% 0.~~062575~~071745% 120 Days 0.~~086356~~000000% 0.000000% 0.~~000000~~098328% 0.000000% 0.~~086356~~098328% 0.~~080718~~000000% 0.000000% 0.~~000000~~070740% 0.000000% 0.~~080718~~070740% 150 Days 0.~~086356~~000000% 0.000000% 0.000000% 0.000000% 0.~~086356~~000000% 0.~~062492~~000000% 0.000000% 0.000000% 0.000000% 0.~~062492~~000000% 180+ Days 0.~~000000~~098328% 0.~~000000~~098328% 0.~~172712~~196657% 0.000000% 0.~~172712~~393314% 0.~~000000~~071761% 0.~~000000~~131881% 0.~~172179~~158524% 0.000000% 0.~~172179~~362166% Totals 1.~~640760~~868240% 0.~~000000~~098328% 0.~~172712~~294985% 0.000000% 12.~~813472~~261554% 1.~~552294~~798762% 0.~~000000~~131881% 0.~~172179~~229264% 0.000000% 12.~~724473~~159907%

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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 5 0 0 0 5 2,~~389~~586,~~011~~430.4327 0.00 0.00 0.00 2,~~389~~586,~~011~~430.4327 60 Days 30 0 0 0 30 ~~1,073,552~~0.2600 0.00 0.00 0.00 ~~1,073,552~~0.2600 90 Days 1 0 0 0 1 ~~317~~316,~~191~~701.3983 0.00 0.00 0.00 ~~317~~316,~~191~~701.3983 120 Days 1 0 0 1 0 1 ~~409,158.30~~ 0.00 0.00 312,267.34 0.00 ~~409~~312,~~158~~267.3034 150 Days 10 0 0 0 10 ~~316,772~~0.8200 0.00 0.00 0.00 ~~316,772~~0.8200 180 Days 01 01 2 0 24 0316,772.0082 0582,161.0011 ~~872~~699,~~773~~770.6079 0.00 ~~872~~1,~~773~~598,704.6072 Totals 117 01 23 0 1311 43,~~505~~219,~~686~~904.2092 0582,161.0011 ~~872~~1,~~773~~012,038.6013 0.00 54,~~378~~814,~~459~~104.8016 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~892857~~039501% 0.000000% 0.000000% 0.000000% 01.~~892857~~039501% 01.~~970999~~233017% 0.000000% 0.000000% 0.000000% 01.~~970999~~233017% 60 Days 0.~~535714~~000000% 0.000000% 0.000000% 0.000000% 0.~~535714~~000000% 0.~~436339~~000000% 0.000000% 0.000000% 0.000000% 0.~~436339~~000000% 90 Days 0.~~178571~~207900% 0.000000% 0.000000% 0.000000% 0.~~178571~~207900% 0.~~128920~~150980% 0.000000% 0.000000% 0.000000% 0.~~128920~~150980% 120 Days 0.~~178571~~000000% 0.000000% 0.~~000000~~207900% 0.000000% 0.~~178571~~207900% 0.~~166300~~000000% 0.000000% 0.~~000000~~148866% 0.000000% 0.~~166300~~148866% 150 Days 0.~~178571~~000000% 0.000000% 0.000000% 0.000000% 0.~~178571~~000000% 0.~~128750~~000000% 0.000000% 0.000000% 0.000000% 0.~~128750~~000000% 180 Days 0.~~000000~~207900% 0.~~000000~~207900% 0.~~357143~~415800% 0.000000% 0.~~357143~~831601% 0.~~000000~~151014% 0.~~000000~~277531% 0.~~354733~~333599% 0.000000% 0.~~354733~~762143% Totals 1.~~964286~~455301% 0.~~000000~~207900% 0.~~357143~~623701% 0.000000% 2.~~321429~~286902% 1.~~831308~~535011% 0.~~000000~~277531% 0.~~354733~~482464% 0.000000% 2.~~186041~~295006% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 65 0 0 0 65 2,~~612~~041,~~566~~864.8234 0.00 0.00 0.00 2,~~612~~041,~~566~~864.8234 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 65 0 0 0 65 2,~~612~~041,~~566~~864.8234 0.00 0.00 0.00 2,~~612~~041,~~566~~864.8234 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~120141~~893939% 0.000000% 0.000000% 0.000000% 21.~~120141~~893939% 21.~~286026~~920943% 0.000000% 0.000000% 0.000000% 21.~~286026~~920943% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~120141~~893939% 0.000000% 0.000000% 0.000000% 21.~~120141~~893939% 21.~~286026~~920943% 0.000000% 0.000000% 0.000000% 21.~~286026~~920943% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 284,~~642~~080.3726 0.00 0.00 0.00 284,~~642~~080.3726 60 Days 01 0 0 0 01 0160,241.0052 0.00 0.00 0.00 0160,241.0052 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~284~~444,~~642~~321.3778 0.00 0.00 0.00 ~~284~~444,~~642~~321.3778 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~123596~~219512% 0.000000% 0.000000% 0.000000% 1.~~123596~~219512% 0.~~753746~~810244% 0.000000% 0.000000% 0.000000% 0.~~753746~~810244% 60 Days 01.~~000000~~219512% 0.000000% 0.000000% 0.000000% 01.~~000000~~219512% 0.~~000000~~457035% 0.000000% 0.000000% 0.000000% 0.~~000000~~457035% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~123596~~439024% 0.000000% 0.000000% 0.000000% 12.~~123596~~439024% 01.~~753746~~267280% 0.000000% 0.000000% 0.000000% 01.~~753746~~267280% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 14 0 0 0 14 ~~465~~1,~~667~~492,044.3642 0.00 0.00 0.00 ~~465~~1,~~667~~492,044.3642 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 14 0 0 0 14 ~~465~~1,~~667~~492,044.3642 0.00 0.00 0.00 ~~465~~1,~~667~~492,044.3642 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~934579~~494382% 0.000000% 0.000000% 0.000000% 04.~~934579~~494382% 03.~~880329~~409031% 0.000000% 0.000000% 0.000000% 03.~~880329~~409031% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 04.~~934579~~494382% 0.000000% 0.000000% 0.000000% 04.~~934579~~494382% 03.~~880329~~409031% 0.000000% 0.000000% 0.000000% 03.~~880329~~409031% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0742,112.0018 0.00 0.00 0.00 0742,112.0018 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 0742,112.0018 0.00 0.00 0.00 0742,112.0018 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~724138% 0.000000% 0.000000% 0.000000% 01.~~000000~~724138% 02.~~000000~~421368% 0.000000% 0.000000% 0.000000% 02.~~000000~~421368% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~000000~~724138% 0.000000% 0.000000% 0.000000% 01.~~000000~~724138% 02.~~000000~~421368% 0.000000% 0.000000% 0.000000% 02.~~000000~~421368%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5761,~~650~~587.9024

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.00 93.23633064% ~~489~~426,~~571~~639,~~520~~725.3343 96.~~65350594~~72625996% 3.~~346494~~273740% 9695.~~056275~~679024% Class R-I 1,214,345,351.00 93.23632680% ~~489~~426,~~571~~639,~~520~~725.3343 96.~~65350594~~72625996% 0.000000% 0.000000% Class R-II 1,214,345,301.00 93.23632296% ~~489~~426,~~571~~639,~~520~~725.3343 96.~~65350594~~72625996% 0.000000% 0.000000% Class R-III 1,214,345,251.00 93.23631912% ~~489~~426,~~571~~639,~~520~~725.3343 96.~~65350594~~72625996% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% ~~489~~426,~~571~~639,~~520~~725.3343 96.~~65350594~~72625996% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% ~~402~~375,~~705~~096,~~570~~372.6537 7985.~~50402270~~04053200% 1711.~~149483~~685728% 1410.~~501219~~129400% Class 2A3 548,117,651.00 42.08397256% ~~255~~228,~~998~~389,~~970~~772.6537 5051.~~54051758~~77972696% 2833.~~963505~~260805% 2428.~~490891~~831067% Class 2A4 548,116,651.00 42.08389578% ~~255~~228,~~997~~388,~~970~~772.6537 5051.~~54032016~~77950025% 0.~~000197~~000227% 0.~~000167~~000197% Class 3A 338,500,151.00 25.98973239% ~~145~~126,~~818~~047,~~666~~364.3906 28.~~78820510~~57701563% 2123.~~752115~~202485% 1820.~~393101~~112333% Class B-1 15,629,451.00 1.20001497% 1413,~~174~~192,~~361~~362.3191 2.~~79836890~~99092618% 1.~~865573~~993944% 1.~~577487~~728387% Class B-2 9,768,551.00 0.75002042% 8,~~859~~245,~~106~~348.1613 1.~~74900629~~86935637% 1.~~049363~~121570% 0.~~887317~~972197% Class B-3 5,861,251.00 0.45002150% 54,~~315~~947,~~572~~310.5014 1.~~04942526~~12163678% 0.~~699581~~747720% 0.~~591550~~648137% Class B-4 3,256,351.00 0.25001966% 2,~~953~~748,~~186~~590.4901 0.~~58303193~~62315067% 0.~~466393~~498486% 0.~~394372~~432097% Class B-5 1,953,851.00 0.15001490% 1,~~771~~649,~~948~~187.1474 0.~~34982631~~37389805% 0.~~233206~~249253% 0.~~197193~~216057% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~349826~~373898% 0.~~295805~~324102% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~085497~~073174% Weighted Average Net Coupon 6.~~638332~~628641% Weighted Average Pass-Through Rate 6.~~509557~~500803% Weighted Average Maturity(Stepdown Calculation ) ~~345~~343 Beginning Scheduled Collateral Loan Count 1,~~239~~091 Number Of Loans Paid In Full 8174 Ending Scheduled Collateral Loan Count 1,~~158~~017 Beginning Scheduled Collateral Balance ~~542~~474,~~270~~352,~~704~~451.0951 Ending Scheduled Collateral Balance ~~506~~441,~~522~~079,~~257~~522.5736 Ending Actual Collateral Balance at 30-~~Apr~~Jun-2002 ~~506~~441,~~898~~428,~~943~~501.1431 Monthly P &I Constant 3,~~676~~216,~~477~~059.6292 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3734,~~700~~872,~~018~~758.3354 Ending Scheduled Balance for Premium Loans ~~506~~441,~~522~~079,~~257~~522.5736 Scheduled Principal ~~474~~420,~~596~~078.6272 Unscheduled Principal 3532,~~273~~852,~~849~~850.9043

Miscellaneous Reporting Senior Percentage Group I 9291.~~112550~~358047% Senior Percentage Group II 9594.~~205923~~828496% Senior Percentage Group III 96.~~522448~~405590% Senior Percentage Group IV 96.~~260548~~027950% Senior Percentage Group V 9594.~~075596~~563493% Senior Percentage Group VI 95.~~833382~~548247% Senior Prepayment Percentage Group I 9695.~~056275~~679024% Senior Prepayment Percentage Group II 97.~~602961~~414248% Senior Prepayment Percentage Group III 98.~~261224~~202795% Senior Prepayment Percentage Group IV 98.~~130274~~013975% Senior Prepayment Percentage Group V 97.~~537798~~281747% Senior Prepayment Percentage Group VI 97.~~916691~~774123% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 78.~~887450~~641953% Subordinate Percentage Group II 45.~~794077~~171504% Subordinate Percentage Group II 3.~~477552~~594410% Subordinate Percentage Group IV 3.~~739452~~972050% Subordinate Percentage Group V 45.~~924404~~436507% Subordinate Percentage Group VI 4.~~166618~~451753% Subordinate Prep. Percentage Group I 34.~~943725~~320976% Subordinate Prep. Percentage Group II 2.~~397039~~585752% Subordinate Prep. Percentage Group III 1.~~738776~~797205% Subordinate Prep. Percentage Group IV 1.~~869726~~986025% Subordinate Prep. Percentage Group V 2.~~462202~~718253% Subordinate Prep. Percentage Group VI 2.~~083309~~225877%

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~924015~~920635 76.~~010721~~991514 7.~~119315~~107509 Weighted Average Net Rate 6.~~558106~~555669 6.~~450871~~431642 6.~~821449~~808575 Weighted Average Maturity ~~345~~343 ~~145~~143 ~~345~~343 Beginning Loan Count 5748 ~~607~~522 ~~292~~274 Loans Paid In Full 65 4741 910 Ending Loan Count 5143 ~~560~~481 ~~283~~264 Beginning Scheduled Balance 2017,~~758~~329,~~033~~373.0690 ~~266~~228,~~039~~824,~~725~~172.4490 ~~117~~110,~~753~~109,~~725~~417.3923 Ending scheduled Balance 1815,~~498~~873,~~034~~681.9993 ~~245~~209,~~837~~581,~~381~~340.3025 ~~114~~106,~~211~~227,~~059~~871.9105 Record Date 0406/30/2002 0406/30/2002 0406/30/2002 Principal And Interest Constant ~~141~~118,~~420~~715.5455 1,~~807~~553,~~112~~358.3239 ~~790~~739,~~175~~046.4569 Scheduled Principal 2118,~~646~~773.4365 ~~252~~220,~~837~~168.1387 9186,~~570~~876.5299 Unscheduled Principal 21,~~238~~436,~~351~~918.6432 19,~~949~~022,~~507~~663.0178 3,~~451~~794,~~094~~669.9619 Scheduled Interest ~~119~~99,~~774~~941.1190 1,~~554~~333,~~275~~189.1952 ~~698~~652,~~604~~169.9370 Servicing Fees 65,~~329~~270.6353 ~~124~~106,~~118~~760.4626 2927,~~229~~429.0648 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 21,~~110~~732.4953 2723,~~483~~339.0002 1211,~~759~~856.9359 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 ~~111~~92,~~333~~938.9984 1,~~402~~203,~~673~~090.7324 ~~656~~612,~~615~~883.9463 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 6.~~436101~~435696 6.~~326907~~309247 6.~~691416~~679359

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~421070~~408531 7.~~195145~~194070 7.~~066821~~064270 Weighted Average Net Rate 7.~~064927~~054735 6.~~820145~~819071 6.~~691821~~689270 Weighted Average Maturity ~~335~~333 ~~346~~344 ~~346~~344 Beginning Loan Count 9585 ~~117~~97 7165 Loans Paid In Full 63 108 37 Ending Loan Count 82 89 ~~107~~58 68 Beginning Scheduled Balance 4036,~~985~~336,~~102~~299.1992 5746,~~012~~925,~~794~~078.7244 3934,~~721~~828,~~323~~109.2912 Ending scheduled Balance 3735,~~738~~037,~~047~~439.1240 5243,~~856~~730,~~050~~291.5148 3730,~~381~~628,~~683~~898.7425 Record Date 0406/30/2002 0406/30/2002 0406/30/2002 Principal And Interest Constant ~~288~~255,~~713~~657.3171 ~~391~~322,~~310~~681.2253 ~~257~~226,~~745~~600.7805 Scheduled Principal 3531,~~252~~325.2153 4941,~~464~~362.1193 2321,~~826~~570.2275 Unscheduled Principal 31,~~211~~267,~~802~~534.8699 43,~~107~~153,~~280~~424.1003 24,~~315~~177,~~813~~640.3312 Scheduled Interest ~~253~~224,~~461~~332.1018 ~~341~~281,~~846~~318.1160 ~~233~~205,~~919~~029.5630 Servicing Fees 1210,~~163~~713.8205 1714,~~816~~664.5008 1210,~~412~~883.9278 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 4,~~669~~089.8551 65,~~427~~229.7572 4,~~741~~286.2207 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 ~~236~~209,~~627~~529.4362 ~~317~~261,~~601~~424.8680 ~~216~~189,~~765~~859.4245 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 6.~~928198~~919680 6.~~684855~~685333 6.~~548586~~541594

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~085497~~073174 Weighted Average Net Rate 6.~~638332~~628641 Weighted Average Maturity ~~345~~343.00 Record Date 0406/30/2002 Principal And Interest Constant 3,~~676~~216,~~477~~059.6292 Beginning Loan Count 1,~~239~~091 Loans Paid In Full 8174 Ending Loan Count 1,~~158~~017 Beginning Scheduled Balance ~~542~~474,~~270~~352,~~704~~451.0951 Ending Scheduled Balance ~~506~~441,~~522~~079,~~257~~522.5736 Scheduled Principal ~~474~~420,~~596~~078.6272 Unscheduled Principal 3532,~~273~~852,~~849~~850.9043 Scheduled Interest 32,~~201~~795,~~881~~981.0020 Servicing Fee ~~202~~175,~~070~~721.3918 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 5850,~~192~~533.2444 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,~~941~~569,~~618~~726.3758 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~509557~~500803

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS-THRO CERT SERIES 2001-3