8-K 1 bst00001.txt SEPTEMBER 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): September 25, 2002 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2000-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-09 Pooling and Servicing Agreement) (Commission 52-2267477 (State or other File Number) 52-2267478 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 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 September 25, 2002 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2000-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2000-1 Trust, relating to the September 25, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2000-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/25/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2000-1 Trust, relating to the September 25, 2002 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 BST Series: 2000-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MAL6 SEN 7.~~45413~~45171% 6962,~~954~~769,~~136~~298.5198 ~~434~~389,~~539~~781.5292 75,~~184~~288,~~837~~075.5324 I-A-IO 07384MAM4 SEN 0.20173% 0.00 1110,~~759~~552.8704 0.00 II-A 07384MAN2 SEN 7.~~49193~~49199% 7264,~~403~~830,~~807~~958.7954 ~~452~~404,~~036~~760.9564 7,~~572~~465,~~849~~516.2500 R-I 07384MAP7 RESIDU 7.~~65586~~65344% 0.00 0.00 0.00 R-II 07384MAQ5 RESIDU 7.~~65586~~65344% 0.00 0.0200 0.00 B-1 07384MAR3 SUB 7.~~58537~~58391% 5,~~940~~642,~~207~~326.4858 3735,~~548~~659.8707 ~~297~~266,~~880~~426.9094 B-2 07384MAS1 SUB 7.~~58537~~58391% 2,~~376~~257,~~307~~144.9127 1514,~~020~~264.9798 ~~119~~106,~~163~~580.6486 B-3 07384MAT9 SUB 7.~~58537~~58391% 1,~~188~~128,~~153~~572.9614 7,~~510~~132.4849 5953,~~581~~290.8243 B-4 07384MAU6 SUB 7.~~58537~~58391% ~~891~~846,~~256~~562.0463 5,~~633~~350.7521 4439,~~693~~974.4113 B-5 07384MAV4 SUB 7.~~58537~~58391% ~~593~~564,~~795~~019.8301 3,~~753~~564.4656 2926,~~776~~632.8161 B-6 07384MAW2 SUB 7.~~58537~~58391% ~~891~~820,~~722~~132.2472 5,~~636~~183.7018 4438,~~716~~726.7910 Totals ~~154~~138,~~239~~859,~~387~~014.7687 ~~973~~876,~~440~~249.5909 1513,~~353~~285,~~500~~222.1531

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 6257,~~769~~481,~~298~~223.9874 75,~~619~~677,~~377~~857.0516 0.00 I-A-IO 0.00 0.00 1110,~~759~~552.8704 0.00 II-A 0.00 6457,~~830~~365,~~958~~442.54 87,~~024~~870,~~886~~276.2064 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0200 0.00 B-1 0.00 5,~~642~~375,~~326~~899.5864 ~~335~~302,~~429~~086.7701 0.00 B-2 0.00 2,~~257~~150,~~144~~563.2741 ~~134~~120,~~184~~845.6184 0.00 B-3 0.00 1,~~128~~075,~~572~~281.1471 6760,~~092~~422.3092 0.00 B-4 0.00 ~~846~~806,~~562~~588.63 50 45,~~327~~324.1634 0.00 B-5 0.00 ~~564~~537,~~019~~386.0141 3330,~~530~~197.2717 0.00 B-6 ~~26,872~~0.7300 ~~820~~781,~~132~~406.7262 5043,~~353~~909.4928 26,872.73 Totals ~~26,872~~0.7300 ~~138~~125,~~859~~573,~~014~~792.8757 1614,~~326~~161,~~940~~471.7440 26,872.73 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 593,234,900.00 6962,~~954~~769,~~136~~298.5198 6758,~~980~~240.3443 75,~~116~~229,~~857~~834.1981 0.00 0.00 I-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 II-A 442,108,000.00 7264,~~403~~830,~~807~~958.7954 7064,~~216~~752.6045 7,~~502~~400,~~632~~763.6555 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 10,564,000.00 5,~~940~~642,~~207~~326.4858 5,~~767~~407.5161 ~~292~~261,~~113~~019.3933 0.00 0.00 B-2 4,226,000.00 2,~~376~~257,~~307~~144.9127 2,~~307~~163.2225 ~~116~~104,~~856~~417.4262 0.00 0.00 B-3 2,113,000.00 1,~~188~~128,~~153~~572.9614 1,~~153~~081.6162 5852,~~428~~208.2181 0.00 0.00 B-4 1,585,000.00 ~~891~~846,~~256~~562.0463 ~~865~~811.3435 4339,~~828~~162.0778 0.00 0.00 B-5 1,056,000.00 ~~593~~564,~~795~~019.8301 ~~576~~540.5356 2926,~~200~~092.2805 0.00 0.00 B-6 1,585,829.00 ~~891~~820,~~722~~132.2472 ~~865~~786.8002 4337,~~850~~940.9909 0.00 ~~26,872~~0.7300 Totals 1,056,472,829.00 ~~154~~138,~~239~~859,~~387~~014.7687 ~~149~~133,~~732~~783.9529 1513,~~203~~151,~~767~~439.2004 0.00 ~~26,872~~0.7300 (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 75,~~184~~288,~~837~~075.5324 6257,~~769~~481,~~298~~223.9874 0.~~10580851~~09689454 75,~~184~~288,~~837~~075.5324 I-A-IO 0.00 0.00 0.00000000 0.00 II-A 7,~~572~~465,~~849~~516.2500 6457,~~830~~365,~~958~~442.54 0.~~14664055~~12975436 7,~~572~~465,~~849~~516.2500 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 ~~297~~266,~~880~~426.9094 5,~~642~~375,~~326~~899.5864 0.~~53410892~~50888864 ~~297~~266,~~880~~426.9094 B-2 ~~119~~106,~~163~~580.6486 2,~~257~~150,~~144~~563.2741 0.~~53410891~~50888864 ~~119~~106,~~163~~580.6486 B-3 5953,~~581~~290.8243 1,~~128~~075,~~572~~281.1471 0.~~53410892~~50888865 5953,~~581~~290.8243 B-4 4439,~~693~~974.4113 ~~846~~806,~~562~~588.6350 0.~~53410891~~50888864 4439,~~693~~974.4113 B-5 2926,~~776~~632.8161 ~~564~~537,~~019~~386.0141 0.~~53410891~~50888865 2926,~~776~~632.8161 B-6 7138,~~589~~726.5210 ~~820~~781,~~132~~406.7262 0.~~51716340~~49274330 4438,~~716~~726.7910 Totals 1513,~~380~~285,~~372~~222.8831 ~~138~~125,~~859~~573,~~014~~792.8757 0.~~13143643~~11886136 1513,~~353~~285,~~500~~222.1531

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 593,234,900.00 ~~117~~105.~~91979283~~80850685 0.~~11459262~~09817432 118.~~99669337~~81579086 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 442,108,000.00 ~~163~~146.~~76950381~~64054607 0.~~15882228~~14646297 16.~~97013546~~73971869 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,564,000.00 ~~562~~534.~~30665278~~10891518 0.~~54595892~~51189038 2724.~~65177868~~70838035 0.00000000 B-2 4,226,000.00 ~~562~~534.~~30665168~~10891387 0.~~54595835~~51189068 2724.~~65177946~~70838145 0.00000000 B-3 2,113,000.00 ~~562~~534.~~30665405~~10891623 0.~~54595835~~51188831 2724.~~65177946~~70838145 0.00000000 B-4 1,585,000.00 ~~562~~534.~~30664984~~10891483 0.~~54595584~~51189274 2724.~~65177918~~70837855 0.00000000 B-5 1,056,000.00 ~~562~~534.~~30665720~~10891098 0.~~54595644~~51189394 2724.~~65178030~~70838068 0.00000000 B-6 1,585,829.00 ~~562~~517.~~30667998~~16340160 0.~~54596050~~49565243 2723.~~65177708~~92445213 0.00000000 All denominations are Per $1000.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 128.~~11128598~~91396518 ~~105~~96.~~80850685~~89454167 0.~~10580851~~09689454 128.~~11128598~~91396518 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 1716.~~12895774~~88618166 ~~146~~129.~~64054607~~75436441 0.~~14664055~~12975436 1716.~~12895774~~88618166 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2825.~~19773760~~22027073 ~~534~~508.~~10891518~~88864445 0.~~53410892~~50888864 2825.~~19773760~~22027073 B-2 0.00000000 2825.~~19773781~~22026976 ~~534~~508.~~10891387~~88864411 0.~~53410891~~50888864 2825.~~19773781~~22026976 B-3 0.00000000 2825.~~19773781~~22026976 ~~534~~508.~~10891623~~88864647 0.~~53410892~~50888865 2825.~~19773781~~22026976 B-4 0.00000000 2825.~~19773502~~22027129 ~~534~~508.~~10891483~~88864353 0.~~53410891~~50888864 2825.~~19773502~~22027129 B-5 0.00000000 2825.~~19773674~~22027462 ~~534~~508.~~10891098~~88864583 0.~~53410891~~50888865 2825.~~19773674~~22027462 B-6 160.~~94554079~~00000000 4524.~~14327837~~42009826 ~~517~~492.~~16340160~~74330334 0.~~51716340~~49274330 2824.~~19773759~~42009826 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 593,234,900.00 7.~~45413~~45171% 6962,~~954~~769,~~136~~298.5198 ~~434~~389,~~539~~781.5392 0.00 0.00 I-A-IO 0.00 0.20173% 6962,~~954~~769,~~136~~298.5198 1110,~~759~~552.8704 0.00 0.00 II-A 442,108,000.00 7.~~49193~~49199% 7264,~~403~~830,~~807~~958.7954 ~~452~~404,~~036~~760.9664 0.00 0.00 R-I 50.00 7.~~65586~~65344% 0.00 0.00 0.00 0.00 R-II 50.00 7.~~65586~~65344% 0.00 0.00 0.00 0.00 B-1 10,564,000.00 7.~~58537~~58391% 5,~~940~~642,~~207~~326.4858 3735,~~548~~659.8707 0.00 0.00 B-2 4,226,000.00 7.~~58537~~58391% 2,~~376~~257,~~307~~144.9127 1514,~~020~~264.9798 0.00 0.00 B-3 2,113,000.00 7.~~58537~~58391% 1,~~188~~128,~~153~~572.9614 7,~~510~~132.4849 0.00 0.00 B-4 1,585,000.00 7.~~58537~~58391% ~~891~~846,~~256~~562.0463 5,~~633~~350.7521 0.00 0.00 B-5 1,056,000.00 7.~~58537~~58391% ~~593~~564,~~795~~019.8301 3,~~753~~564.4656 0.00 0.00 B-6 1,585,829.00 7.~~58537~~58391% ~~891~~820,~~722~~132.2472 5,~~636~~183.7018 0.00 0.00 Totals 1,056,472,829.00 ~~973~~876,~~440~~249.5909 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.0100 0.00 ~~434~~389,~~539~~781.5292 0.00 6257,~~769~~481,~~298~~223.9874 I-A-IO 0.00 0.00 1110,~~759~~552.8704 0.00 6257,~~769~~481,~~298~~223.9874 II-A 0.0100 0.00 ~~452~~404,~~036~~760.9564 0.00 6457,~~830~~365,~~958~~442.54 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0200 0.00 0.00 B-1 0.00 0.00 3735,~~548~~659.8707 0.00 5,~~642~~375,~~326~~899.5864 B-2 0.00 0.00 1514,~~020~~264.9798 0.00 2,~~257~~150,~~144~~563.2741 B-3 0.00 0.00 7,~~510~~132.4849 0.00 1,~~128~~075,~~572~~281.1471 B-4 0.00 0.00 5,~~633~~350.7521 0.00 ~~846~~806,~~562~~588.6350 B-5 0.00 0.00 3,~~753~~564.4656 0.00 ~~564~~537,~~019~~386.0141 B-6 0.00 0.00 5,~~636~~183.7018 0.00 ~~820~~781,~~132~~406.7262 Totals 0.0200 0.00 ~~973~~876,~~440~~249.5909 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 593,234,900.00 7.~~45413~~45171% ~~117~~105.~~91979283~~80850685 0.~~73249151~~65704482 0.00000000 0.00000000 I-A-IO 0.00 0.20173% ~~117~~105.~~91979283~~80850685 0.~~01982329~~01778729 0.00000000 0.00000000 II-A 442,108,000.00 7.~~49193~~49199% ~~163~~146.~~76950381~~64054607 10.~~02245822~~91552435 0.00000000 0.00000000 R-I 50.00 7.~~65586~~65344% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.~~65586~~65344% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,564,000.00 7.~~58537~~58391% ~~562~~534.~~30665278~~10891518 3.~~55441783~~37552726 0.00000000 0.00000000 B-2 4,226,000.00 7.~~58537~~58391% ~~562~~534.~~30665168~~10891387 3.~~55441789~~37552769 0.00000000 0.00000000 B-3 2,113,000.00 7.~~58537~~58391% ~~562~~534.~~30665405~~10891623 3.~~55441552~~37552769 0.00000000 0.00000000 B-4 1,585,000.00 7.~~58537~~58391% ~~562~~534.~~30664984~~10891483 3.~~55441640~~37552681 0.00000000 0.00000000 B-5 1,056,000.00 7.~~58537~~58391% ~~562~~534.~~30665720~~10891098 3.~~55441288~~37553030 0.00000000 0.00000000 B-6 1,585,829.00 7.~~58537~~58391% ~~562~~517.~~30667998~~16340160 3.~~55441854~~26843563 0.00000000 0.00000000 All denominations are Per $1000.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.~~00000002~~00000000 0.00000000 0.~~73249150~~65704482 0.00000000 ~~105~~96.~~80850685~~89454167 I-A-IO 0.00000000 0.00000000 0.~~01982329~~01778729 0.00000000 ~~105~~96.~~80850685~~89454167 II-A 0.~~00000002~~00000000 0.00000000 10.~~02245820~~91552435 0.00000000 ~~146~~129.~~64054607~~75436441 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.~~40000000~~00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~55441783~~37552726 0.00000000 ~~534~~508.~~10891518~~88864445 B-2 0.00000000 0.00000000 3.~~55441789~~37552769 0.00000000 ~~534~~508.~~10891387~~88864411 B-3 0.00000000 0.00000000 3.~~55441552~~37552769 0.00000000 ~~534~~508.~~10891623~~88864647 B-4 0.00000000 0.00000000 3.~~55441640~~37552681 0.00000000 ~~534~~508.~~10891483~~88864353 B-5 0.00000000 0.00000000 3.~~55441288~~37553030 0.00000000 ~~534~~508.~~10891098~~88864583 B-6 0.00000000 0.00000000 3.~~55441854~~26843563 0.00000000 ~~517~~492.~~16340160~~74330334 (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 1614,~~350~~163,~~739~~475.5031 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5343,~~128~~058.5594 Realized Losses ~~(26,872~~0.~~78)~~00 Prepayment Penalties 0.00 Total Deposits 1614,~~376~~206,~~995~~534.2725 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5045,~~054~~062.5185 Payment of Interest and Principal 1614,~~326~~161,~~940~~471.7640 Total Withdrawals (Pool Distribution Amount) 1614,~~376~~206,~~995~~534.2725 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.0200

SERVICING FEES Gross Servicing Fee 3228,~~133~~928.2295 MGIC 1716,~~921~~133.2990 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5045,~~054~~062.5185

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 137 0 0 0 137 42,~~889~~669,~~918~~746.3795 0.00 0.00 0.00 42,~~889~~669,~~918~~746.3795 60 Days 02 0 0 0 02 0811,089.0061 0.00 0.00 0.00 0811,089.0061 90 Days 10 0 0 0 10 ~~346,512~~0.7300 0.00 0.00 0.00 ~~346,512~~0.7300 120 Days 1 0 0 1 0 1 ~~570,811.37~~ 0.00 0.00 346,512.73 0.00 ~~570~~346,~~811~~512.3773 150 Days 1 0 0 1 0 1 ~~591,205.87~~ 0.00 0.00 570,811.37 0.00 ~~591~~570,~~205~~811.8737 180+ Days 01 2 21 01 45 0591,205.0087 401,~~609~~518.1975 ~~491~~276,~~728~~686.4406 0215,042.0038 ~~893~~1,~~337~~484,453.6306 Totals 1610 2 23 01 2016 64,~~398~~072,~~448~~042.3443 401,~~609~~518.1975 ~~491~~1,~~728~~194,010.4416 0215,042.0038 75,~~291~~882,~~785~~613.9772 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 32.~~591160~~147239% 0.000000% 0.000000% 0.000000% 32.~~591160~~147239% 32.~~518319~~124112% 0.000000% 0.000000% 0.000000% 32.~~518319~~124112% 60 Days 0.~~000000~~613497% 0.000000% 0.000000% 0.000000% 0.~~000000~~613497% 0.~~000000~~645322% 0.000000% 0.000000% 0.000000% 0.~~000000~~645322% 90 Days 0.~~276243~~000000% 0.000000% 0.000000% 0.000000% 0.~~276243~~000000% 0.~~249318~~000000% 0.000000% 0.000000% 0.000000% 0.~~249318~~000000% 120 Days 0.~~276243~~000000% 0.000000% 0.~~000000~~306748% 0.000000% 0.~~276243~~306748% 0.~~410701~~000000% 0.000000% 0.~~000000~~275694% 0.000000% 0.~~410701~~275694% 150 Days 0.~~276243~~000000% 0.000000% 0.~~000000~~306748% 0.000000% 0.~~276243~~306748% 0.~~425375~~000000% 0.000000% 0.~~000000~~454151% 0.000000% 0.~~425375~~454151% 180+ Days 0.~~000000~~306748% 0.~~552486~~613497% 0.~~552486~~306748% 0.~~000000~~306748% 1.~~104972~~533742% 0.~~000000~~470377% 0.~~288960~~319458% 0.~~353801~~220138% 0.~~000000~~171093% 01.~~642761~~181065% Totals 43.~~419890~~067485% 0.~~552486~~613497% 0.~~552486~~920245% 0.~~000000~~306748% 54.~~524862~~907975% 43.~~603714~~239811% 0.~~288960~~319458% 0.~~353801~~949982% 0.~~000000~~171093% 54.~~246475~~680343% Delinquencies are stratified according to the information the Servicer has provided. All 90 day delinquencies reported are 90+ day delinquencies.

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 85 0 0 0 85 21,~~743~~826,~~428~~191.3669 0.00 0.00 0.00 21,~~743~~826,~~428~~191.3669 60 Days 01 0 0 0 01 0536,306.0027 0.00 0.00 0.00 0536,306.0027 90 Days 10 0 0 0 10 ~~346,512~~0.7300 0.00 0.00 0.00 ~~346,512~~0.7300 120 Days 1 0 0 1 0 1 ~~570,811.37~~ 0.00 0.00 346,512.73 0.00 ~~570~~346,~~811~~512.3773 150 Days 0 0 01 0 01 0.00 0.00 0570,811.0037 0.00 0570,811.0037 180 Days 0 2 21 01 4 0.00 401,~~609~~518.1975 ~~491~~276,~~728~~686.4406 0215,042.0038 893,~~337~~247.6319 Totals 106 2 23 01 1412 32,~~660~~362,~~752~~497.4696 401,~~609~~518.1975 ~~491~~1,~~728~~194,010.4416 0215,042.0038 4,~~554~~173,~~090~~069.0925 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 42.~~324324~~958580% 0.000000% 0.000000% 0.000000% 42.~~324324~~958580% 32.~~962134~~867278% 0.000000% 0.000000% 0.000000% 32.~~962134~~867278% 60 Days 0.~~000000~~591716% 0.000000% 0.000000% 0.000000% 0.~~000000~~591716% 0.~~000000~~842047% 0.000000% 0.000000% 0.000000% 0.~~000000~~842047% 90 Days 0.~~540541~~000000% 0.000000% 0.000000% 0.000000% 0.~~540541~~000000% 0.~~500443~~000000% 0.000000% 0.000000% 0.000000% 0.~~500443~~000000% 120 Days 0.~~540541~~000000% 0.000000% 0.~~000000~~591716% 0.000000% 0.~~540541~~591716% 0.~~824381~~000000% 0.000000% 0.~~000000~~544055% 0.000000% 0.~~824381~~544055% 150 Days 0.000000% 0.000000% 0.~~000000~~591716% 0.000000% 0.~~000000~~591716% 0.000000% 0.000000% 0.~~000000~~896223% 0.000000% 0.~~000000~~896223% 180 Days 0.000000% 1.~~081081~~183432% 10.~~081081~~591716% 0.~~000000~~591716% 2.~~162162~~366864% 0.000000% 0.~~580015~~630419% 0.~~710168~~434421% 0.~~000000~~337635% 1.~~290183~~402475% Totals 53.~~405405~~550296% 1.~~081081~~183432% 1.~~081081~~775148% 0.~~000000~~591716% 7.~~567568~~100592% 53.~~286959~~709324% 0.~~580015~~630419% 01.~~710168~~874698% 0.~~000000~~337635% 6.~~577141~~552076% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 52 0 0 0 5 2 843,~~146,490~~555.0126 0.00 0.00 0.00 2843,~~146,490~~555.0126 60 Days 01 0 0 0 01 0274,783.0034 0.00 0.00 0.00 0274,783.0034 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 10 0 0 0 10 ~~591,205~~0.8700 0.00 0.00 0.00 ~~591,205~~0.8700 180 Days 01 0 0 0 01 0591,205.0087 0.00 0.00 0.00 0591,205.0087 Totals 64 0 0 0 64 21,~~737~~709,~~695~~544.8847 0.00 0.00 0.00 21,~~737~~709,~~695~~544.8847 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~824859~~273885% 0.000000% 0.000000% 0.000000% 21.~~824859~~273885% 31.~~077700~~360642% 0.000000% 0.000000% 0.000000% 31.~~077700~~360642% 60 Days 0.~~000000~~636943% 0.000000% 0.000000% 0.000000% 0.~~000000~~636943% 0.~~000000~~443221% 0.000000% 0.000000% 0.000000% 0.~~000000~~443221% 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.~~564972~~000000% 0.000000% 0.000000% 0.000000% 0.~~564972~~000000% 0.~~847688~~000000% 0.000000% 0.000000% 0.000000% 0.~~847688~~000000% 180 Days 0.~~000000~~636943% 0.000000% 0.000000% 0.000000% 0.~~000000~~636943% 0.~~000000~~953606% 0.000000% 0.000000% 0.000000% 0.~~000000~~953606% Totals 32.~~389831~~547771% 0.000000% 0.000000% 0.000000% 32.~~389831~~547771% 32.~~925388~~757469% 0.000000% 0.000000% 0.000000% 32.~~925388~~757469% ~~Delinquencies are stratified according to the information the Servicer has provided. All 90 day delinquencies reported are 90+ day delinquencies.~~

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5343,~~128~~058.5594

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~962908~~961848% Weighted Average Pass-Through Rate 7.~~573479~~572421% Weighted Average Maturity(Stepdown Calculation ) ~~333~~332 Beginning Scheduled Collateral Loan Count ~~400~~362 Number Of Loans Paid In Full 3836 Ending Scheduled Collateral Loan Count ~~362~~326 Beginning Scheduled Collateral Balance ~~154~~138,~~239~~859,~~387~~014.8187 Ending Scheduled Collateral Balance ~~138~~125,~~859~~573,~~014~~792.8754 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~138~~125,~~984~~687,~~491~~657.8167 Monthly P &I Constant 1,~~173~~055,~~228~~095.0720 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~26,872~~0.7800 Cumulative Realized Loss 26,872.78 Class A Optimal Amount 1513,~~644~~548,~~263~~133.2780 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~138~~125,~~859~~573,~~014~~792.8754 Scheduled Principal ~~149~~133,~~732~~783.9627 Unscheduled Principal 1513,~~230~~151,~~639~~439.9806

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 8.~~051718~~049324 7.~~875000~~874999 7.~~962908~~961848 Weighted Average Net Rate 7.~~801718~~799324 7.625000 7.~~712908~~711848 ~~Pass-Through Rate 7.655863 7.491931 7.573479~~ Weighted Average Maturity ~~333~~332 ~~333~~332 ~~333~~332 Beginning Loan Count ~~205~~185 ~~195~~177 ~~400~~362 Loans Paid In Full 16 20 1836 38 Ending Loan Count ~~185~~169 ~~177~~157 ~~362~~326 Beginning Scheduled Balance 7669,~~726~~179,~~187~~319.5669 7769,~~513~~679,~~200~~695.2518 ~~154~~138,~~239~~859,~~387~~014.8187 Ending scheduled Balance 6963,~~179~~631,~~319~~233.6926 6961,~~679~~942,~~695~~559.1828 ~~138~~125,~~859~~573,~~014~~792.8754 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant ~~589~~528,~~376~~226.0293 ~~583~~526,~~852~~868.0527 1,~~173~~055,~~228~~095.0720 Scheduled Principal 7464,~~561~~187.3196 7569,~~171~~595.6531 ~~149~~133,~~732~~783.9627 Unscheduled Principal 75,~~472~~483,~~306~~898.5647 7,~~758~~667,~~333~~540.4259 1513,~~230~~151,~~639~~439.9806 Scheduled Interest ~~514~~464,~~814~~038.7197 ~~508~~457,~~680~~272.4096 1921,~~023,495~~311.1193 Servicing Fees 1514,~~984~~412.6336 1614,~~148~~516.59 3228,~~133~~928.2295 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 98,~~325~~410.7741 87,~~595~~723.5249 1716,~~921~~133.2990 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 ~~489~~441,~~504~~216.3120 ~~483~~435,~~936~~032.2988 ~~973~~876,~~440~~249.6008 Realized Loss Amount ~~26,872~~0.7800 0.00 ~~26,872~~0.7800 Cumulative Realized Loss 26,872.78 0.00 26,872.78 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

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