8-K 1 bst00001.txt NOVEMBER 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): November 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 November 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 November 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: 12/3/02 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 November 25, 2002 distribution.

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: 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.~~45210~~46167% 5748,~~481~~988,~~223~~146.7421 ~~356~~304,~~963~~611.0012 848,~~493~~988,~~077~~146.5321 I-A-IO 07384MAM4 SEN 0.20173% 0.00 98,~~663~~235.0732 0.00 II-A 07384MAN2 SEN 7.~~49381~~49327% 5751,~~365~~050,~~442~~262.5440 ~~358~~318,~~238~~777.3165 651,~~315~~050,~~180~~262.1440 R-I 07384MAP7 RESIDU 70.~~65383~~00000% 0.00 0.00 0.00 R-II 07384MAQ5 RESIDU 70.~~65383~~00000% 0.00 0.00 0.00 B-1 07384MAR3 SUB 7.~~58555~~59004% 5,~~375~~035,~~899~~601.6449 3331,~~982~~850.6336 ~~340~~5,~~298~~035,601.1549 B-2 07384MAS1 SUB 7.~~58555~~59004% 2,~~150~~014,~~563~~431.4127 1312,~~594~~741.3435 ~~136~~2,~~132~~014,431.1527 B-3 07384MAT9 SUB 7.~~58555~~59004% 1,~~075~~007,~~281~~215.7163 6,~~797~~370.17 68 1,~~066~~007,215.0763 B-4 07384MAU6 SUB 7.~~58555~~59004% ~~806~~755,~~588~~530.5089 54,~~098~~778.6876 51755,~~057~~530.6189 B-5 07384MAV4 SUB 7.~~58555~~59004% ~~537~~503,~~386~~369.4148 3,~~396~~183.9883 34503,~~016~~369.9348 B-6 07384MAW2 SUB 7.~~58555~~59004% ~~781~~731,~~406~~943.6202 4,~~939~~629.5057 49731,~~463~~943.5802 Totals ~~125~~110,~~573~~086,~~792~~500.5739 ~~792~~695,~~673~~178.6864 15110,~~487~~086,~~292~~500.163

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~48,988,146~~0.2100 849,~~850~~292,~~040~~757.5333 0.00 I-A-IO 0.00 0.00 98,~~663~~235.0732 0.00 II-A 0.00 ~~51,050,262~~0.4000 651,~~673~~369,~~418~~040.4505 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 0.00 5,~~035~~067,~~601~~451.4985 ~~374,280.78~~ 0.00 B-2 0.00 0.00 2,~~014~~027,~~431~~172.2762 ~~149,726.49~~ 0.00 B-3 0.00 0.00 1,~~007~~013,~~215~~586.6331 ~~74,863.24~~ 0.00 B-4 0.00 ~~755,530~~0.8900 56760,~~156~~309.2965 0.00 B-5 0.00 ~~503,369~~0.4800 37506,~~413~~553.9131 0.00 B-6 0.00 ~~731,943~~0.0200 54736,~~403~~572.0859 26,872.7378 Totals 0.00 ~~110,086,500~~0.3900 16110,~~279~~781,~~965~~679.8403 26,872.7378 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 5748,~~481~~988,~~223~~146.7421 ~~54,253~~0.8400 848,~~438~~988,~~823~~146.6921 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 5751,~~365~~050,~~442~~262.5440 ~~58,834~~0.2700 651,~~256~~050,~~345~~262.8840 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,~~375~~035,~~899~~601.6449 ~~5,261~~0.5800 ~~335~~5,~~036~~035,601.5749 0.00 0.00 B-2 4,226,000.00 2,~~150~~014,~~563~~431.4127 ~~2,104~~0.8300 ~~134~~2,~~027~~014,431.3127 0.00 0.00 B-3 2,113,000.00 1,~~075~~007,~~281~~215.7163 ~~1,052~~0.4200 671,~~013~~007,215.6663 0.00 0.00 B-4 1,585,000.00 ~~806~~755,~~588~~530.5089 ~~789~~0.4400 50755,~~268~~530.1789 0.00 0.00 B-5 1,056,000.00 ~~537~~503,~~386~~369.4148 ~~525~~0.9600 33503,~~490~~369.9748 0.00 0.00 B-6 1,585,829.00 ~~781~~731,~~406~~943.6202 ~~764~~0.7900 48731,~~698~~943.7902 0.00 0.00 Totals 1,056,472,829.000 ~~125~~110,~~573~~086,~~792~~500.5739 ~~123,587~~0.1300 15110,~~363~~086,~~705~~500.043 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 ~~8,493,077.53~~ 48,988,146.21 0.~~08257799~~00 80.00000000 48,~~493~~988,~~077~~146.5321 I-A-IO 0.00 0.00 0.00000000 0.00 II-A ~~6,315,180.14~~ 51,050,262.40 0.~~11547012~~00 60.00000000 51,~~315~~050,~~180~~262.1440 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 ~~340,298.15~~ 5,035,601.49 0.~~47667564~~00 ~~340~~0.00000000 5,~~298~~035,601.1549 B-2 ~~136,132.15~~ 2,014,431.27 0.~~47667564~~00 ~~136~~0.00000000 2,~~132~~014,431.1527 B-3 ~~68,066.07~~ 1,007,215.63 0.~~47667564~~00 680.00000000 1,~~066~~007,215.0763 B-4 ~~51,057.61~~ 755,530.89 0.~~47667564~~00 510.00000000 755,~~057~~530.6189 B-5 ~~34,016.93~~ 503,369.48 0.~~47667564~~00 340.00000000 503,~~016~~369.9348 B-6 ~~49,463.58~~ 731,943.02 0.~~46155230~~00 ~~49,463~~0.5800000000 ~~Totals 15~~731,~~487,292~~943.1602 Totals 110,086,500.39 0.~~10420192~~00 150.00000000 110,~~487~~086,~~292~~500.1639

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 9682.~~89454167~~57799096 0.~~09145423~~00000000 1482.~~22509648~~57799096 0.00000000 I-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 442,108,000.00 ~~129~~115.~~75436441~~47011680 0.~~13307669~~00000000 14115.~~15117094~~47011680 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 ~~508~~476.~~88864445~~67564275 0.~~49806702~~00000000 31476.~~71493468~~67564275 0.00000000 B-2 4,226,000.00 ~~508~~476.~~88864411~~67564363 0.~~49806673~~00000000 31476.~~71493374~~67564363 0.00000000 B-3 2,113,000.00 ~~508~~476.~~88864647~~67564127 0.~~49806910~~00000000 31476.~~71493611~~67564127 0.00000000 B-4 1,585,000.00 ~~508~~476.~~88864353~~67564038 0.~~49806940~~00000000 31476.~~71493375~~67564038 0.00000000 B-5 1,056,000.00 ~~508~~476.~~88864583~~67564394 0.~~49806818~~00000000 31476.~~71493371~~67564394 0.00000000 B-6 1,585,829.00 ~~492~~461.~~74330334~~55229851 0.~~48226511~~00000000 30461.~~70872711~~55229851 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 ~~14.31655071~~ 82.57799096 0.~~08257799~~00000000 140.~~31655071~~00000000 82.57799096 I-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 ~~14.28424760~~ 115.47011680 0.~~11547012~~00000000 140.~~28424760~~00000000 115.47011680 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 ~~32.21300170~~ 476.67564275 0.~~47667564~~00000000 320.~~21300170~~00000000 476.67564275 B-2 0.00000000 ~~32.21300284~~ 476.67564363 0.~~47667564~~00000000 320.~~21300284~~00000000 476.67564363 B-3 0.00000000 ~~32.21300047~~ 476.67564127 0.~~47667564~~00000000 320.~~21300047~~00000000 476.67564127 B-4 0.00000000 ~~32.21300315~~ 476.67564038 0.~~47667564~~00000000 320.~~21300315~~00000000 476.67564038 B-5 0.00000000 ~~32.21300189~~ 476.67564394 0.~~47667564~~00000000 320.~~21300189~~00000000 476.67564394 B-6 0.00000000 ~~31.19099222~~ 461.55229851 0.~~46155230~~00000000 310.~~19099222~~00000000 461.55229851 (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.~~45210~~46167% 5748,~~481~~988,~~223~~146.7421 ~~356~~304,~~963~~611.0012 0.00 0.00 I-A-IO 0.00 0.20173% 5748,~~481~~988,~~223~~146.7421 98,~~663~~235.0732 0.00 0.00 II-A 442,108,000.00 7.~~49381~~49327% 5751,~~365~~050,~~442~~262.5440 ~~358~~318,~~238~~777.3165 0.00 0.00 R-I 50.00 70.~~65383~~00000% 0.00 0.00 0.00 0.00 R-II 50.00 70.~~65383~~00000% 0.00 0.00 0.00 0.00 B-1 10,564,000.00 7.~~58555~~59004% 5,~~375~~035,~~899~~601.6449 3331,~~982~~850.6336 0.00 0.00 B-2 4,226,000.00 7.~~58555~~59004% 2,~~150~~014,~~563~~431.4127 1312,~~594~~741.3435 0.00 0.00 B-3 2,113,000.00 7.~~58555~~59004% 1,~~075~~007,~~281~~215.7163 6,~~797~~370.1768 0.00 0.00 B-4 1,585,000.00 7.~~58555~~59004% ~~806~~755,~~588~~530.5089 54,~~098~~778.6876 0.00 0.00 B-5 1,056,000.00 7.~~58555~~59004% ~~537~~503,~~386~~369.4148 3,~~396~~183.9883 0.00 0.00 B-6 1,585,829.00 7.~~58555~~59004% ~~781~~731,~~406~~943.6202 4,~~939~~629.5057 0.00 0.00 Totals 1,056,472,829.000 ~~792~~695,~~673~~178.6864 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 0.00 0.00 ~~356~~304,~~963~~611.0012 0.00 ~~48,988,146~~0.2100 I-A-IO 0.00 0.00 98,~~663~~235.0732 0.00 ~~48,988,146~~0.2100 II-A 0.00 0.00 ~~358~~318,~~238~~777.3165 0.00 ~~51,050,262~~0.4000 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 3331,~~982~~850.6336 0.00 ~~5,035,601~~0.4900 B-2 0.00 0.00 1312,~~594~~741.3435 0.00 ~~2,014,431~~0.2700 B-3 0.00 0.00 6,~~797~~370.1768 0.00 ~~1,007,215~~0.6300 B-4 0.00 0.00 54,~~098~~778.6876 0.00 ~~755,530~~0.8900 B-5 0.00 0.00 3,~~396~~183.9883 0.00 ~~503,369~~0.4800 B-6 0.00 0.00 4,~~939~~629.5057 0.00 ~~731,943~~0.0200 Totals 0.00 0.00 ~~792~~695,~~673~~178.6864 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.~~45210~~46167% 9682.~~89454167~~57799096 0.~~60172286~~51347471 0.00000000 0.00000000 I-A-IO 0.00 0.20173% 9682.~~89454167~~57799096 0.~~01628878~~01388206 0.00000000 0.00000000 II-A 442,108,000.00 7.~~49381~~49327% ~~129~~115.~~75436441~~47011680 0.~~81029592~~72104022 0.00000000 0.00000000 R-I 50.00 70.~~65383~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 70.~~65383~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 10,564,000.00 7.~~58555~~59004% ~~508~~476.~~88864445~~67564275 3.~~21683359~~01499053 0.00000000 0.00000000 B-2 4,226,000.00 7.~~58555~~59004% ~~508~~476.~~88864411~~67564363 3.~~21683389~~01499053 0.00000000 0.00000000 B-3 2,113,000.00 7.~~58555~~59004% ~~508~~476.~~88864647~~67564127 3.~~21683389~~01499290 0.00000000 0.00000000 B-4 1,585,000.00 7.~~58555~~59004% ~~508~~476.~~88864353~~67564038 3.~~21683281~~01499054 0.00000000 0.00000000 B-5 1,056,000.00 7.~~58555~~59004% ~~508~~476.~~88864583~~67564394 3.~~21683712~~01499053 0.00000000 0.00000000 B-6 1,585,829.00 7.~~58555~~59004% ~~492~~461.~~74330334~~55229851 32.~~11477467~~91933746 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 0.00000000 0.00000000 0.~~60172286~~51347471 0.00000000 820.~~57799096~~00000000 I-A-IO 0.00000000 0.00000000 0.~~01628878~~01388206 0.00000000 820.~~57799096~~00000000 II-A 0.00000000 0.00000000 0.~~81029592~~72104022 0.00000000 ~~115~~0.~~47011680~~00000000 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 0.00000000 3.~~21683359~~01499053 0.00000000 ~~476~~0.~~67564275~~00000000 B-2 0.00000000 0.00000000 3.~~21683389~~01499053 0.00000000 ~~476~~0.~~67564363~~00000000 B-3 0.00000000 0.00000000 3.~~21683389~~01499290 0.00000000 ~~476~~0.~~67564127~~00000000 B-4 0.00000000 0.00000000 3.~~21683281~~01499054 0.00000000 ~~476~~0.~~67564038~~00000000 B-5 0.00000000 0.00000000 3.~~21683712~~01499053 0.00000000 ~~476~~0.~~67564394~~00000000 B-6 0.00000000 0.00000000 32.~~11477467~~91933746 0.00000000 ~~461~~0.~~55229851~~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 16110,~~283~~817,~~900~~298.9674 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~36,693~~0.6400 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 16110,~~320~~817,~~594~~298.6074 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 4035,~~628~~619.7671 Payment of Interest and Principal 16110,~~279~~781,~~965~~679.8403 Total Withdrawals (Pool Distribution Amount) 16110,~~320~~817,~~594~~298.6074 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2622,~~161~~934.2069 MGIC 1412,~~467~~685.5602 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4035,~~628~~619.7671

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 60 0 0 0 60 ~~2,074,769~~0.7700 0.00 0.00 0.00 ~~2,074,769~~0.7700 60 Days 10 0 0 0 10 ~~535,883~~0.4700 0.00 0.00 0.00 ~~535,883~~0.4700 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 10 0 10 0.00 0.00 ~~346,512~~0.7300 0.00 ~~346,512~~0.7300 180+ Days 20 20 20 0 60 ~~1,162,017~~0.2400 ~~401,230~~0.2600 ~~491,728~~0.4400 0.00 ~~2,054,975~~0.9400 Totals 90 20 30 0 140 ~~3,772,670~~0.4800 ~~401,230~~0.2600 ~~838,241~~0.1700 0.00 ~~5,012,141~~0.9100 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 20.~~076125~~000000% 0.000000% 0.000000% 0.000000% 20.~~076125~~000000% 10.~~882854~~000000% 0.000000% 0.000000% 0.000000% 10.~~882854~~000000% 60 Days 0.~~346021~~000000% 0.000000% 0.000000% 0.000000% 0.~~346021~~000000% 0.~~486314~~000000% 0.000000% 0.000000% 0.000000% 0.~~486314~~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.~~346021~~000000% 0.000000% 0.~~346021~~000000% 0.000000% 0.000000% 0.~~314460~~000000% 0.000000% 0.~~314460~~000000% 180+ Days 0.~~692042~~000000% 0.~~692042~~000000% 0.~~692042~~000000% 0.000000% 20.~~076125~~000000% 10.~~054531~~000000% 0.~~364117~~000000% 0.~~446244~~000000% 0.000000% 10.~~864891~~000000% Totals 30.~~114187~~000000% 0.~~692042~~000000% 10.~~038062~~000000% 0.000000% 40.~~844291~~000000% 30.~~423700~~000000% 0.~~364117~~000000% 0.~~760704~~000000% 0.000000% 40.~~548520~~000000% ~~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 50 0 0 0 50 ~~1,676,516~~0.2300 0.00 0.00 0.00 ~~1,676,516~~0.2300 60 Days 10 0 0 0 10 ~~535,883~~0.4700 0.00 0.00 0.00 ~~535,883~~0.4700 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 10 0 10 0.00 0.00 ~~346,512~~0.7300 0.00 ~~346,512~~0.7300 180 Days 10 20 20 0 50 ~~570,811~~0.3700 ~~401,230~~0.2600 ~~491,728~~0.4400 0.00 ~~1,463,770~~0.0700 Totals 70 20 30 0 120 ~~2,783,211~~0.0700 ~~401,230~~0.2600 ~~838,241~~0.1700 0.00 ~~4,022,682~~0.5000 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~378378~~000000% 0.000000% 0.000000% 0.000000% 30.~~378378~~000000% 30.~~061516~~000000% 0.000000% 0.000000% 0.000000% 30.~~061516~~000000% 60 Days 0.~~675676~~000000% 0.000000% 0.000000% 0.000000% 0.~~675676~~000000% 0.~~978586~~000000% 0.000000% 0.000000% 0.000000% 0.~~978586~~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.~~675676~~000000% 0.000000% 0.~~675676~~000000% 0.000000% 0.000000% 0.~~632773~~000000% 0.000000% 0.~~632773~~000000% 180 Days 0.~~675676~~000000% 10.~~351351~~000000% 10.~~351351~~000000% 0.000000% 30.~~378378~~000000% 10.~~042369~~000000% 0.~~732694~~000000% 0.~~897954~~000000% 0.000000% 20.~~673016~~000000% Totals 40.~~729730~~000000% 10.~~351351~~000000% 20.~~027027~~000000% 0.000000% 80.~~108108~~000000% 50.~~082471~~000000% 0.~~732694~~000000% 10.~~530727~~000000% 0.000000% 70.~~345892~~000000% 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 10 0 0 0 10 ~~398,253~~0.5400 0.00 0.00 0.00 ~~398,253~~0.5400 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 10 0 0 0 10 ~~591,205~~0.8700 0.00 0.00 0.00 ~~591,205~~0.8700 Totals 20 0 0 0 20 ~~989,459~~0.4100 0.00 0.00 0.00 ~~989,459~~0.4100 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~709220~~000000% 0.000000% 0.000000% 0.000000% 0.~~709220~~000000% 0.~~718457~~000000% 0.000000% 0.000000% 0.000000% 0.~~718457~~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.~~709220~~000000% 0.000000% 0.000000% 0.000000% 0.~~709220~~000000% 10.~~066546~~000000% 0.000000% 0.000000% 0.000000% 10.~~066546~~000000% Totals 10.~~418440~~000000% 0.000000% 0.000000% 0.000000% 10.~~418440~~000000% 10.~~785003~~000000% 0.000000% 0.000000% 0.000000% 10.~~785003~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~36,693~~0.6400

~~COLLATERAL~~Class ~~STATEMENT~~2A ~~Collateral~~21,129,929.00 ~~Description~~2.00004472% ~~Mixed~~0.00 ~~ARM~~0.00000000% ~~Weighted~~0.000000% ~~Average Gross Coupon 7~~0.~~963150~~000000% ~~Weighted~~Class ~~Average Pass~~R-~~Through~~I ~~Rate~~21,129,879.00 72.~~574896~~00003998% ~~Weighted~~0.00 ~~Average~~0.00000000% ~~Maturity(Stepdown~~0.000000% ~~Calculation~~0.000000% )Class ~~331~~R-II ~~Beginning~~21,129,829.00 ~~Scheduled~~2.00003525% ~~Collateral~~0.00 ~~Loan~~0.00000000% ~~Count~~0.000000% ~~326~~0.000000% ~~Number~~Class OfB-1 ~~Loans~~10,565,829.00 ~~Paid~~1.00010419% In0.00 ~~Full~~0.00000000% 370.000000% ~~Ending~~0.000000% ~~Scheduled~~Class ~~Collateral~~B-2 ~~Loan Count 289 Beginning Scheduled Collateral Balance 125~~6,~~573~~339,~~792~~829.5400 ~~Ending~~0.60009390% ~~Scheduled~~0.00 ~~Collateral~~0.00000000% ~~Balance~~0.000000% ~~110,086,500~~0.38000000% ~~Ending~~Class ~~Actual Collateral Balance at 30~~B-~~Sep-2002~~3 ~~110~~4,~~192~~226,~~799~~829.6600 ~~Monthly~~0.40008876% P0.00 &I0.00000000% ~~Constant~~0.000000% ~~956,889~~0.59000000% ~~Special~~Class ~~Servicing~~B-4 ~~Fee~~2,641,829.00 0.0025006123% ~~Prepayment Penalties~~ 0.00 ~~Realized~~0.00000000% ~~Loss~~0.000000% ~~Amount~~ 0.00000000% ~~Cumulative~~Class ~~Realized~~B-5 ~~Loss 26~~1,~~872~~585,829.7800 ~~Class~~0.15010599% A0.00 ~~Optimal~~0.00000000% ~~Amount~~0.000000% ~~15,523,458~~0.99000000% Class APB-6 ~~Deferred~~0.00 ~~Amount~~0.00000000% 0.00 ~~Ending~~0.00000000% ~~Scheduled~~0.000000% ~~Balance~~0.000000% ~~for~~Please ~~Premium~~Refer ~~Loans~~to ~~110,086,500.38~~the ~~Scheduled~~Prospectus ~~Principal~~Supplement ~~123,587.13~~for ~~Unscheduled~~a ~~Principal~~Full ~~15,363,705.03~~Description of Loss Exposure

~~Group~~COLLATERAL ~~Level~~STATEMENT Collateral ~~Statement Group Group 1 Group 2 Total Collateral~~ Description Mixed ARM ~~Mixed~~Weighted ~~ARM~~Average ~~Mixed~~Gross ~~ARM~~Coupon 7.966081% Weighted Average Net Coupon ~~Rate 8.048961~~ 7.~~874999~~716081% ~~7.963150~~ Weighted Average ~~Net~~Pass-Through Rate 7.~~798962~~577808% ~~7.624999 7.713150~~ Weighted Average Maturity(Stepdown ~~331~~Calculation ~~331~~) ~~331~~0 Beginning Scheduled Collateral Loan Count ~~169~~289 ~~157~~Number ~~326~~Of Loans Paid In Full 21289 16Ending 37Scheduled ~~Ending~~Collateral Loan Count ~~148~~0 ~~141 289~~ Beginning Scheduled ~~Balance~~Collateral ~~63,631,233.26 61,942,559.28 125,573,792.54 Ending scheduled~~ Balance ~~54,703,833.20 55,382,667.18~~ 110,086,500.38 ~~Record~~Ending ~~Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant 486,863.00 470,026.59 956,889.59~~ Scheduled ~~Principal~~Collateral ~~60,058.55~~Balance 63,528.58 123,587.13 Unscheduled Principal 8,867,341.51 6,496,363.52 15,363,705.03 Scheduled Interest 426,804.45 406,498.01 833,302.46 Servicing Fees 13,256.49 12,904.71 26,161.20 Master Servicing Fees 0.00 ~~0.00~~Ending ~~0.00~~Actual ~~Trustee~~Collateral ~~Fee~~Balance ~~0.00~~at ~~0.00~~31-Oct-2002 0.00 ~~FRY~~Monthly ~~Amount~~P ~~0.00~~&I ~~0.00~~Constant 0730,798.0033 Special ~~Hazard~~Servicing Fee 0.00 ~~0.00~~Prepayment ~~0.00~~Penalties ~~Other Fee 7,695.94 6,771.62 14,467.56 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 405,852.02 386,821.68 792,673.70~~ Realized Loss Amount 0.00 ~~0.00 0.00~~ Cumulative Realized Loss 26,872.78 ~~0.00~~Ending ~~26,872.78~~Scheduled ~~Percentage~~Balance offor ~~Cumulative~~Premium ~~Losses~~Loans 0.00 ~~0.00~~Scheduled ~~0.00~~Principal ~~Prepayment Penalties~~ 0.00 ~~0.00~~Unscheduled ~~0.00~~Principal ~~Special Servicing Fee 0~~110,086,500.~~00 0.00 0.00 Pass-Through Rate 7.653826 7.493814 7.574896~~38

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