8-K 1 mav0200a.txt OCTOBER 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): October 25, 2002 MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST Asset-Backed Certificates, Series 2002-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-06 52-7281894 Pooling and Servicing Agreement) (Commission 52-2365593 (State or other File Number) 52-2365594 jurisdiction 52-2365595 of Incorporation) IRS EIN 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 October 25, 2002 a distribution was made to holders of MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST, Asset-Backed Certificates, Series 2002-A 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 2002-A Trust, relating to the October 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. MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST Asset-Backed Certificates, Series 2002-A Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 11/7/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-A Trust, relating to the October 25, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities, INC. ~~Asset~~Mortgage Pass-~~Backed~~Through Certificates Record Date: 89/3130/02 Distribution Date: 910/25/02 MAV Series: 2002-A 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 A-1 55660AAA0 SEN 2.~~16000~~16375% ~~356~~351,~~908~~126,~~401~~574.2211 ~~642~~633,~~435~~125.1210 53,~~781~~379,~~827~~299.1194 A-2 55660AAB8 SEN 2.~~16000~~16375% ~~162~~159,~~202~~388,~~910~~070.6057 ~~291~~287,~~965~~396.2461 21,~~814~~605,~~840~~620.0310 A-IO 55660AAC6 SEN 0.30000% 0.00 ~~202~~200,~~295~~261.1101 0.00 M-1 55660AAD4 MEZ 3.~~26000~~26375% 56,897,000.00 154,~~570~~747.1899 0.00 M-2 55660AAE2 MEZ 4.~~06000~~06375% 61,112,000.00 206,~~762~~953.2724 0.00 B-1 55660AAF9 MEZ 5.~~06000~~06375% 59,005,000.00 248,~~804~~988.4281 0.00 B-2 BSAAC2BIO MEZ 5.~~06000~~06375% 59,005,000.00 248,~~804~~988.4281 0.00 HL MAV020AHL JUN 0.00000% 0.00 ~~474,458~~0.4600 0.00 C MAV0200AC JUN 0.00000% 54,~~050~~510,~~123~~387.2112 0.00 0.00 R-3 MAV020AR3 JUN 0.00000% 0.00 0.00 0.00 Totals ~~809~~801,~~180~~044,~~435~~031.0380 21,~~470~~980,~~095~~461.2257 84,~~596~~984,~~667~~920.1404

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~351~~347,~~126~~747,~~574~~274.1117 64,~~424~~012,~~262~~425.2304 0.00 A-2 0.00 ~~159~~157,~~388~~782,~~070~~450.5747 31,~~106~~893,~~805~~016.2771 0.00 A-IO 0.00 0.00 ~~202~~200,~~295~~261.1101 0.00 M-1 0.00 56,897,000.00 154,~~570~~747.1899 0.00 M-2 0.00 61,112,000.00 206,~~762~~953.2724 0.00 B-1 0.00 59,005,000.00 248,~~804~~988.4281 0.00 B-2 0.00 59,005,000.00 248,~~804~~988.4281 0.00 HL 0.00 0.00 ~~474,458~~0.4600 0.00 C 0.00 5452,~~510~~402,~~387~~397.1259 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~801~~793,~~044~~951,~~031~~122.8023 116,~~066~~965,~~762~~381.3661 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) A-1 381,329,000.00 ~~356~~351,~~908~~126,~~401~~574.2211 0.00 53,~~781~~379,~~827~~299.1194 0.00 0.00 A-2 175,000,000.00 ~~162~~159,~~202~~388,~~910~~070.6057 0.00 21,~~814~~605,~~840~~620.0310 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 56,897,000.00 56,897,000.00 0.00 0.00 0.00 0.00 M-2 61,112,000.00 61,112,000.00 0.00 0.00 0.00 0.00 B-1 59,005,000.00 59,005,000.00 0.00 0.00 0.00 0.00 B-2 59,005,000.00 59,005,000.00 0.00 0.00 0.00 0.00 HL 0.00 0.00 0.00 0.00 0.00 0.00 C 50,574,269.90 54,~~050~~510,~~123~~387.2112 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 842,922,269.90 ~~809~~801,~~180~~044,~~435~~031.0380 0.00 84,~~596~~984,~~667~~920.1404 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 A-1 53,~~781~~379,~~827~~299.1194 ~~351~~347,~~126~~747,~~574~~274.1117 0.~~92079693~~91193503 53,~~781~~379,~~827~~299.1194 A-2 21,~~814~~605,~~840~~620.0310 ~~159~~157,~~388~~782,~~070~~450.5747 0.~~91078897~~90161400 21,~~814~~605,~~840~~620.0310 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 56,897,000.00 1.00000000 0.00 M-2 0.00 61,112,000.00 1.00000000 0.00 B-1 0.00 59,005,000.00 1.00000000 0.00 B-2 0.00 59,005,000.00 1.00000000 0.00 HL 0.00 0.00 0.00000000 0.00 C 0.00 5452,~~510~~402,~~387~~397.1259 1.~~07782845~~03614739 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 84,~~596~~984,~~667~~920.1404 ~~801~~793,~~044~~951,~~031~~122.8023 0.~~95031779~~94190313 84,~~596~~984,~~667~~920.1404

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 381,329,000.00 ~~935~~920.~~95924050~~79693417 0.00000000 158.~~16230633~~86190125 0.00000000 A-2 175,000,000.00 ~~926~~910.~~87377486~~78897469 0.00000000 169.~~08480017~~17497200 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 56,897,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 61,112,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 59,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 59,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 HL 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 ~~1068~~1077.~~72770120~~82845363 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per 1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 158.~~16230633~~86190125 ~~920~~911.~~79693417~~93503292 0.~~92079693~~91193503 158.~~16230633~~86190125 A-2 0.00000000 169.~~08480017~~17497200 ~~910~~901.~~78897469~~61400269 0.~~91078897~~90161400 169.~~08480017~~17497200 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-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 1,~~077~~036.~~82845363~~14738668 1.~~07782845~~03614739 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 A-1 381,329,000.00 2.~~16000~~16375% ~~356~~351,~~908~~126,~~401~~574.2211 ~~642~~633,~~435~~125.1210 0.00 0.00 A-2 175,000,000.00 2.~~16000~~16375% ~~162~~159,~~202~~388,~~910~~070.6057 ~~291~~287,~~965~~396.2461 0.00 0.00 A-IO 0.00 0.30000% ~~809~~800,~~180~~974,~~435~~031.0380 ~~202~~200,~~295~~261.1101 0.00 0.00 M-1 56,897,000.00 3.~~26000~~26375% 56,897,000.00 154,~~570~~747.1899 0.00 0.00 M-2 61,112,000.00 4.~~06000~~06375% 61,112,000.00 206,~~762~~953.2724 0.00 0.00 B-1 59,005,000.00 5.~~06000~~06375% 59,005,000.00 248,~~804~~988.4281 0.00 0.00 B-2 59,005,000.00 5.~~06000~~06375% 59,005,000.00 248,~~804~~988.4281 0.00 0.00 HL 0.00 0.00000% 0.00 0.00 0.00 0.00 C 50,574,269.90 0.00000% 54,~~050~~510,~~123~~387.2112 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 842,922,269.90 1,~~995~~980,~~636~~461.7657 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 A-1 0.00 0.00 ~~642~~633,~~435~~125.1210 0.00 ~~351~~347,~~126~~747,~~574~~274.1117 A-2 0.00 0.00 ~~291~~287,~~965~~396.2461 0.00 ~~159~~157,~~388~~782,~~070~~450.5747 A-IO 0.00 0.00 ~~202~~200,~~295~~261.1101 0.00 ~~800~~793,~~974~~951,~~031~~122.8023 M-1 0.00 0.00 154,~~570~~747.1899 0.00 56,897,000.00 M-2 0.00 0.00 206,~~762~~953.2724 0.00 61,112,000.00 B-1 0.00 0.00 248,~~804~~988.4281 0.00 59,005,000.00 B-2 0.00 0.00 248,~~804~~988.4281 0.00 59,005,000.00 HL 0.00 0.00 ~~474,458~~0.4600 0.00 0.00 C 0.00 0.00 0.00 0.00 5452,~~510~~402,~~387~~397.1259 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 21,~~470~~980,~~095~~461.2257 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 A-1 381,329,000.00 2.~~16000~~16375% ~~935~~920.~~95924050~~79693417 1.~~68472663~~66031196 0.00000000 0.00000000 A-2 175,000,000.00 2.~~16000~~16375% ~~926~~910.~~87377486~~78897469 1.~~66837280~~64226634 0.00000000 0.00000000 A-IO 0.00 0.30000% ~~959~~950.~~97040751~~23474917 0.~~23999260~~23757945 0.00000000 0.00000000 M-1 56,897,000.00 3.~~26000~~26375% 1000.00000000 2.~~71666661~~71979173 0.00000000 0.00000000 M-2 61,112,000.00 4.~~06000~~06375% 1000.00000000 3.~~38333339~~38645831 0.00000000 0.00000000 B-1 59,005,000.00 5.~~06000~~06375% 1000.00000000 4.~~21666672~~21979171 0.00000000 0.00000000 B-2 59,005,000.00 5.~~06000~~06375% 1000.00000000 4.~~21666672~~21979171 0.00000000 0.00000000 HL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 50,574,269.90 0.00000% ~~1068~~1077.~~72770120~~82845363 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are Per 1,000 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 A-1 0.00000000 0.00000000 1.~~68472663~~66031196 0.00000000 ~~920~~911.~~79693417~~93503292 A-2 0.00000000 0.00000000 1.~~66837280~~64226634 0.00000000 ~~910~~901.~~78897469~~61400269 A-IO 0.00000000 0.00000000 0.~~23999260~~23757945 0.00000000 ~~950~~941.~~23474917~~90312735 M-1 0.00000000 0.00000000 2.~~71666661~~71979173 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~38333339~~38645831 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.~~21666672~~21979171 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~21666672~~21979171 0.00000000 1000.00000000 HL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~1077~~1036.~~82845363~~14738668 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 1312,~~811~~986,~~951~~536.7148 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~625,696~~0.0500 Realized Losses (12,~~961~~246,~~928~~146.4787) Prepayment Penalties 0.00 Total Deposits 1210,~~475~~740,~~719~~389.2961 Withdrawals Reimbursement for Servicer Advances ~~232~~2,~~357~~606,898.5671 Payment of Service Fee 1,~~176~~168,~~599~~109.3729 Payment of Interest and Principal 116,~~066~~965,~~762~~381.3661 Total Withdrawals (Pool Distribution Amount) 1210,~~475~~740,~~719~~389.2961 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~674~~667,~~317~~536.0369 Backup Servicing Fee - Wells Fargo 13,~~486~~350.3473 Certificate Insurer Premium - Ambac 9391,~~007~~467.4421 Trustee Fee 3,~~371~~337.5868 Yield Maintenance Agreement Fee - Bear Stearns 392,416.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~176~~168,~~599~~109.3729

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 1,~~350~~297 0 0 0 1,~~350~~297 5148,~~103~~482,~~322~~909.2409 0.00 0.00 0.00 5148,~~103~~482,~~322~~909.2409 60 Days ~~328~~480 0 0 0 ~~328~~480 1218,~~319~~191,~~702~~410.8173 0.00 0.00 0.00 1218,~~319~~191,~~702~~410.8173 90 Days ~~231~~344 0 0 8783 ~~318~~427 913,~~105~~403,~~753~~458.8733 0.00 0.00 3,~~431~~089,~~296~~010.3093 1216,~~537~~492,~~050~~469.1726 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,~~909~~121 0 0 8783 12,~~996~~204 7280,~~528~~077,778.9215 0.00 0.00 3,~~431~~089,~~296~~010.3093 7583,~~960~~166,~~075~~789.2208 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 6.~~376346~~178544% 0.000000% 0.000000% 0.000000% 6.~~376346~~178544% 6.~~379590~~106536% 0.000000% 0.000000% 0.000000% 6.~~379590~~106536% 60 Days 12.~~549216~~286585% 0.000000% 0.000000% 0.000000% 12.~~549216~~286585% 12.~~537956~~291251% 0.000000% 0.000000% 0.000000% 12.~~537956~~291251% 90 Days 1.~~091064~~638720% 0.000000% 0.000000% 0.~~410920~~395389% 12.~~501984~~034108% 1.~~136736~~688197% 0.000000% 0.000000% 0.~~428353~~389068% 12.~~565089~~077265% 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 910.~~016626~~103849% 0.000000% 0.000000% 0.~~410920~~395389% 910.~~427546~~499238% 910.~~054281~~085983% 0.000000% 0.000000% 0.~~428353~~389068% 910.~~482634~~475052% Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.

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 ~~1,036~~957 0 0 0 ~~1,036~~957 3735,~~862~~184,~~047~~969.5053 0.00 0.00 0.00 3735,~~862~~184,~~047~~969.5053 60 Days ~~249~~375 0 0 0 ~~249~~375 913,~~283~~694,~~682~~642.5735 0.00 0.00 0.00 913,~~283~~694,~~682~~642.5735 90 Days ~~171~~255 0 0 6962 ~~240~~317 69,~~295~~375,~~625~~820.4245 0.00 0.00 2,~~725~~319,~~885~~198.2985 911,~~021~~695,~~510~~019.7130 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 1,~~456~~587 0 0 6962 1,~~525~~649 5358,~~441~~255,~~355~~432.4933 0.00 0.00 2,~~725~~319,~~885~~198.2985 5660,~~167~~574,~~240~~631.7818 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 8.~~740403~~137755% 0.000000% 0.000000% 0.000000% 8.~~740403~~137755% 98.~~323845~~740344% 0.000000% 0.000000% 0.000000% 98.~~323845~~740344% 60 Days 23.~~100734~~188776% 0.000000% 0.000000% 0.000000% 23.~~100734~~188776% 23.~~286184~~401904% 0.000000% 0.000000% 0.000000% 23.~~286184~~401904% 90 Days 12.~~442673~~168367% 0.000000% 0.000000% 0.~~582131~~527211% 2.~~024804~~695578% 12.~~550350~~329060% 0.000000% 0.000000% 0.~~671272~~576115% 2.~~221622~~905175% 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 1213.~~283810~~494898% 0.000000% 0.000000% 0.~~582131~~527211% 1214.~~865941~~022109% 1314.~~160379~~471307% 0.000000% 0.000000% 0.~~671272~~576115% 1315.~~831651~~047422% 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 ~~314~~340 0 0 0 ~~314~~340 13,~~241~~297,~~274~~939.7456 0.00 0.00 0.00 13,~~241~~297,~~274~~939.7456 60 Days 79105 0 0 0 79105 34,~~036~~496,~~020~~768.2438 0.00 0.00 0.00 34,~~036~~496,~~020~~768.2438 90 Days 6089 0 0 1821 78110 24,~~810~~027,~~128~~637.4588 0.00 0.00 ~~705~~769,~~411~~812.0108 34,~~515~~797,~~539~~449.4696 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 ~~453~~534 0 0 1821 ~~471~~555 1921,~~087~~822,~~423~~345.4382 0.00 0.00 ~~705~~769,~~411~~812.0108 1922,~~792~~592,~~834~~157.4490 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~369460~~682842% 0.000000% 0.000000% 0.000000% 3.~~369460~~682842% 3.~~352507~~397593% 0.000000% 0.000000% 0.000000% 3.~~352507~~397593% 60 Days 01.~~847730~~137348% 0.000000% 0.000000% 0.000000% 01.~~847730~~137348% 01.~~768678~~148914% 0.000000% 0.000000% 0.000000% 01.~~768678~~148914% 90 Days 0.~~643846~~964038% 0.000000% 0.000000% 0.~~193154~~227470% 01.~~837000~~191508% 01.~~711485~~029052% 0.000000% 0.000000% 0.~~178600~~196685% 01.~~890086~~225738% 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 45.~~861037~~784229% 0.000000% 0.000000% 0.~~193154~~227470% 56.~~054190~~011698% 45.~~832670~~575559% 0.000000% 0.000000% 0.~~178600~~196685% 5.~~011270~~772245%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~625,696~~0.0500

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 69.~~435721~~750000% Weighted Average Net Coupon 58.~~435721~~750000% Weighted Average Pass-Through Rate 58.~~410721~~723500% Weighted Average Maturity(Stepdown Calculation ) ~~299~~280 Beginning Scheduled Collateral Loan Count 21,~~373~~172 Number Of Loans Paid In Full ~~201~~180 Ending Scheduled Collateral Loan Count 2120,~~172~~992 Beginning Scheduled Collateral Balance ~~809~~800,~~180~~974,~~435~~031.0380 Ending Scheduled Collateral Balance ~~800~~793,~~974~~951,~~031~~122.8023 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 ~~801~~793,~~044~~951,~~031~~122.8023 Monthly P &I Constant 56,~~313~~698,~~986~~068.3352 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 12,~~961~~246,~~928~~146.4787 Cumulative Realized Loss 89,~~599~~130,~~605~~763.4916 Ending Scheduled Balance for Premium Loans ~~800~~793,~~974~~951,~~031~~122.8023 Scheduled Principal ~~974~~949,~~270~~953.3032 Unscheduled Principal 76,~~162~~142,~~132~~956.9325 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~460,263~~0.8900 Overcollateralized reduction Amount 0.00 Specified O/C Amount ~~800~~793,~~974~~951,~~031~~122.8023 Overcollateralized Amount 5452,~~440~~402,~~387~~397.1259 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~460,263~~0.8900 Excess Cash Amount ~~920~~2,~~527~~588,600.7838

Trigger Event Not Triggered In Effect Since N/A Comments N/A Servicer Termination Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Yield Maintenance Agreement Amount 0.00 Extraordinary Trust Fund Expense ~~400~~0.00 Cumulative Insurance Payments received from ~~Ambac~~AMBAC 0.00 Adjusted Net WAC Cap Rate 76.~~2997563397~~5720720960% Group I Liquidated Loan Count 5357 Group I Liquidated Loan Balances 2,~~033~~274,~~410~~184.3655 Group II Liquidated Loan Count 1823 Group II Liquidated Loan Balances ~~701~~877,~~289~~495.9801 Loan Count of Current Period Repossessions 7183 Actual Balance of Current Period Repossessions 23,~~734~~089,~~700~~010.3493

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 510.~~510197~~250000 79.~~389156~~240000 69.~~435721~~750000 Weighted Average Net Rate 49.~~510197~~250000 68.~~389156~~240000 58.~~435721~~750000 Weighted Average Maturity ~~305~~273 ~~292~~288 ~~299~~280 Beginning Loan Count 11,~~960~~853 9,~~406~~319 21,~~366~~172 Loans Paid In Full ~~107~~93 87 ~~194~~180 Ending Loan Count 11,~~853~~760 9,~~319~~232 2120,~~172~~992 Beginning Scheduled Balance ~~410~~406,~~600~~077,~~288~~623.9992 ~~398~~394,~~580~~966,~~146~~407.0488 ~~809~~801,~~180~~044,~~435~~031.0380 Ending scheduled Balance ~~406~~402,~~007~~558,~~623~~188.9265 ~~394~~391,~~966~~392,~~407~~933.8858 ~~800~~793,~~974~~951,~~031~~122.8023 Record Date 0809/3130/2002 0809/3130/2002 0809/3130/2002 Principal And Interest Constant 23,~~367~~389,~~715~~153.3557 23,~~946~~308,~~270~~914.9895 56,~~313~~698,~~986~~068.3352 Scheduled Principal ~~482~~450,~~308~~373.4195 ~~491~~499,~~961~~579.8937 ~~974~~949,~~270~~953.3032 Unscheduled Principal 43,~~040~~069,~~356~~061.6632 3,~~121~~073,~~776~~894.2793 76,~~162~~142,~~132~~956.9325 Scheduled Interest 12,~~885~~938,~~406~~779.9462 2,~~454~~809,~~309~~335.0958 45,~~339~~748,~~716~~115.0320 Servicing Fees ~~342~~338,~~166~~398.9102 ~~332~~329,~~150~~138.1267 ~~674~~667,~~317~~536.0369 Master Servicing Fees 6,~~843~~767.3496 6,~~643~~582.0077 13,~~486~~350.3473 Trustee Fee 1,~~710~~691.8399 1,~~660~~645.7569 3,~~371~~337.5868 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 12,~~534~~600,~~685~~381.8660 2,~~113~~480,~~855~~196.2291 35,~~648~~080,~~541~~578.0851 Realized Loss Amount 1,~~510~~678,~~506~~030.3354 ~~451~~568,~~422~~116.1433 12,~~961~~246,~~928~~146.4787 Cumulative Realized Loss 6,~~675~~638,~~519~~560.5892 12,~~924~~492,~~085~~202.9124 89,~~599~~130,~~605~~763.4916 Percentage of Cumulative Losses 0.02 0.0001 0.01 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 49.~~485197~~223500 68.~~364156~~213500 58.~~410721~~723500

Filing Compare · BEAR STEARNS AST BCK SEC INC MADISON AVE TRUST 2002-A