8-K 1 bst01003.txt JAN 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): January 27, 2003 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) 90-0042365 jurisdiction 90-0031697 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 January 27, 2003 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 January 27, 2003 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: 2/3/03 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 January 27, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1112/3031/02 Distribution Date: 121/2627/0203 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.~~55607~~60524% 75,~~327~~992,~~131~~506.0991 3932,~~622~~640.7901 1563,~~334,624~~482.1969 R-I 07384MDE9 RES 6.~~43018~~43523% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.~~51699~~51772% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.~~51699~~51772% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.~~40518~~41023% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.~~90518~~91023% 0.00 0.00 0.00 II-A-3 07384MDK5 SEN 5.95000% ~~112~~99,~~531~~215,~~612~~548.0221 ~~552~~486,~~279~~799.4641 1312,~~316~~247,~~063~~990.8122 II-A-4 07384MEH1 SEN 6.~~31884~~31915% 1,000.00 5.21 0.00 II-X 07384MDL3 SEN 0.~~36884~~36915% 0.00 3430,~~235~~201.7271 0.00 III-A 07384MDM1 SEN 6.~~63258~~63154% 5949,~~184~~512,~~480~~887.8836 ~~323~~270,~~785~~760.8691 97,~~671~~438,~~593~~431.5215 IV-A 07384MDN9 SEN 6.~~92726~~89540% 2319,~~863~~405,~~326~~769.4257 ~~136~~110,~~351~~342.5076 43,~~457~~403,~~556~~477.8489 V-A 07384MDP4 SEN 6.~~70853~~67732% 2317,~~230~~614,~~333~~765.4058 ~~128~~96,~~543~~991.4714 53,~~615~~713,~~567~~849.8292 VI-A 07384MDQ2 SEN 6.~~53792~~55114% 1311,~~635~~416,~~915~~855.4911 7361,~~534~~676.5704 21,~~219~~561,~~060~~467.3867 B-1 07384MDR0 SUB 6.~~48975~~48450% 6,~~738~~242,~~739~~648.6070 3633,~~072~~380.3494 ~~496~~423,~~090~~565.9081 B-2 07384MDS8 SUB 6.~~48975~~48450% 3,~~790~~511,~~460~~415.1900 2018,~~290~~776.2638 ~~279~~238,~~045~~250.1869 B-3 07384MDT6 SUB 6.~~48975~~48450% 2,~~526~~340,~~995~~963.0131 1312,~~526~~517.9569 ~~186~~158,~~031~~835.7115 B-4 07384MDV1 SUB 6.~~48975~~48450% 1,~~684~~560,~~684~~662.9018 98,~~018~~345.0823 ~~124~~105,~~022~~891.7345 B-5 07384MDW9 SUB 6.~~48975~~48450% ~~842~~780,~~374~~361.7904 4,~~509~~172.2278 6252,~~013~~947.7476 B-6 07384MDX7 SUB 6.~~48975~~48450% 1,~~263~~170,~~626~~601.8043 6,~~764~~259.1749 9379,~~025~~425.3770 Totals ~~256~~218,~~620~~765,~~680~~984.5940 1,~~378~~172,~~539~~869.6070 3729,~~854~~987,~~696~~616.1910

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 5,~~992~~429,~~506~~024.9122 1596,~~374,246~~122.9870 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 0.00 0.00 0.00 II-A-3 0.00 9986,~~215~~967,~~548~~557.2198 1312,~~868~~734,~~343~~789.2763 0.00 II-A-4 0.00 1,000.00 5.21 0.00 II-X 0.00 0.00 3430,~~235~~201.7271 0.00 III-A 0.00 4942,~~512~~074,~~887~~456.3621 97,~~995~~709,~~379~~192.3806 0.00 IV-A 0.00 1916,~~405~~002,~~769~~291.5769 43,~~593~~513,~~908~~820.3465 0.00 V-A 0.00 1713,~~614~~900,~~765~~915.5866 53,~~744~~810,~~111~~841.2906 0.00 VI-A 0.00 119,~~416,~~855,387.1143 21,~~292~~623,~~594~~143.9571 0.00 B-1 0.00 65,~~242~~819,~~648~~082.7089 ~~532~~456,~~163~~946.2475 0.00 B-2 0.00 3,~~511~~273,~~415~~164.0032 ~~299~~257,~~335~~027.4407 0.00 B-3 0.00 2,~~340~~182,~~963~~128.3116 ~~199~~171,~~558~~352.6684 0.00 B-4 0.00 1,~~560~~454,~~662~~770.1872 ~~133~~114,~~040~~236.8168 0.00 B-5 0.00 ~~780~~727,~~361~~413.0429 6657,~~522~~120.9654 0.00 B-6 0.00 1,~~170~~091,~~601~~175.4373 9985,~~789~~685.5419 0.00 Totals 0.00 ~~218~~188,~~765~~778,~~984~~368.4030 3931,~~233~~160,~~235~~485.7980 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 75,~~327~~992,~~131~~506.0991 75,~~348~~825.7830 1557,~~327,275~~657.4039 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 0.00 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 ~~112~~99,~~531~~215,~~612~~548.0221 ~~119~~101,~~844~~384.4626 1312,~~196~~146,~~219~~605.3596 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 5949,~~184~~512,~~480~~887.8836 5142,~~716~~743.2430 97,~~619~~395,~~877~~687.2885 0.00 0.00 IV-A 79,734,300.00 2319,~~863~~405,~~326~~769.4257 1915,~~936~~883.5042 43,~~437~~387,~~620~~594.3447 0.00 0.00 V-A 145,181,800.00 2317,~~230~~614,~~333~~765.4058 2116,~~088~~169.9759 53,~~594~~697,~~478~~680.8532 0.00 0.00 VI-A 87,535,000.00 1311,~~635~~416,~~915~~855.4911 98,~~146~~260.7312 21,~~209~~553,~~913~~207.6556 0.00 0.00 B-1 10,419,600.00 6,~~738~~242,~~739~~648.6070 65,~~531~~914.1552 ~~489~~417,~~559~~651.7529 0.00 0.00 B-2 5,860,900.00 3,~~790~~511,~~460~~415.1900 3,~~673~~326.6985 ~~275~~234,~~371~~923.4984 0.00 0.00 B-3 3,907,300.00 2,~~526~~340,~~995~~963.0131 2,~~449~~217.1592 ~~183~~156,~~582~~617.5623 0.00 0.00 B-4 2,604,900.00 1,~~684~~560,~~684~~662.9018 1,~~632~~478.7963 ~~122~~104,~~389~~412.9482 0.00 0.00 B-5 1,302,500.00 ~~842~~780,~~374~~361.7904 ~~816~~739.4234 6152,~~197~~208.3242 0.00 0.00 B-6 1,953,851.00 1,~~263~~170,~~626~~601.8043 1,~~224~~109.7007 9178,~~800~~316.6763 0.00 0.00 Totals 1,302,438,001.00 ~~256~~218,~~620~~765,~~680~~984.5940 ~~245~~205,~~409~~052.5832 3729,~~609~~782,~~286~~563.6078 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 1563,~~334,624~~482.1969 5,~~992~~429,~~506~~024.9122 0.~~06802509~~06162861 1563,~~334,624~~482.1969 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 0.00 0.00 0.00000000 0.00 II-A-3 1312,~~316~~247,~~063~~990.8122 9986,~~215~~967,~~548~~557.2198 0.~~67628551~~59279922 1312,~~316~~247,~~063~~990.8122 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 97,~~671~~438,~~593~~431.5215 4942,~~512~~074,~~887~~456.3621 0.~~23620701~~20072111 97,~~671~~438,~~593~~431.5215 IV-A 43,~~457~~403,~~556~~477.8489 1916,~~405~~002,~~769~~291.5769 0.~~24338045~~20069521 43,~~457~~403,~~556~~477.8489 V-A 53,~~615~~713,~~567~~849.8292 1713,~~614~~900,~~765~~915.5866 0.~~12132902~~09574834 53,~~615~~713,~~567~~849.8292 VI-A 21,~~219~~561,~~060~~467.3867 119,~~416,~~855,387.1143 0.~~13042617~~11258796 21,~~219~~561,~~060~~467.3867 B-1 ~~496~~423,~~090~~565.9081 65,~~242~~819,~~648~~082.7089 0.~~59912556~~55847469 ~~496~~423,~~090~~565.9081 B-2 ~~279~~238,~~045~~250.1869 3,~~511~~273,~~415~~164.0032 0.~~59912556~~55847469 ~~279~~238,~~045~~250.1869 B-3 ~~186~~158,~~031~~835.7115 2,~~340~~182,~~963~~128.3116 0.~~59912556~~55847469 ~~186~~158,~~031~~835.7115 B-4 ~~124~~105,~~022~~891.7345 1,~~560~~454,~~662~~770.1872 0.~~59912556~~55847469 ~~124~~105,~~022~~891.7345 B-5 6252,~~013~~947.7476 ~~780~~727,~~361~~413.0429 0.~~59912556~~55847469 6252,~~013~~947.7476 B-6 9379,~~025~~425.3770 1,~~170~~091,~~601~~175.4373 0.~~59912523~~55847438 9379,~~025~~425.3770 Totals 3729,~~854~~987,~~696~~616.1910 ~~218~~188,~~765~~778,~~984~~368.4030 0.~~16796652~~14494231 3729,~~854~~987,~~696~~616.1910

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 8368.~~17533016~~02508849 0.~~08342108~~06612701 156.~~06682060~~33035454 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 ~~767~~676.~~05214367~~28551279 0.~~81689890~~69106816 8982.~~94973198~~79522503 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 ~~282~~236.~~34647979~~20701309 0.~~24671836~~20391191 4535.~~89274833~~28199283 0.00000000 IV-A 79,734,300.00 ~~299~~243.~~28558249~~38044693 0.~~25003668~~19920436 5542.~~65509875~~48603763 0.00000000 V-A 145,181,800.00 ~~160~~121.~~00857821~~32902044 0.~~14525905~~11137477 3825.~~53429872~~46931034 0.00000000 VI-A 87,535,000.00 ~~155~~130.~~77672348~~42617364 0.~~10449226~~09436363 2517.~~24605758~~74384600 0.00000000 B-1 10,419,600.00 ~~646~~599.~~73688049~~12556144 0.~~62681389~~56763407 4640.~~98450516~~08323640 0.00000000 B-2 5,860,900.00 ~~646~~599.~~73688171~~12556092 0.~~62681329~~56763466 4640.~~98450579~~08323636 0.00000000 B-3 3,907,300.00 ~~646~~599.~~73687969~~12556241 0.~~62681391~~56763494 4640.~~98450592~~08323651 0.00000000 B-4 2,604,900.00 ~~646~~599.~~73688049~~12556336 0.~~62681485~~56763407 4640.~~98450612~~08323544 0.00000000 B-5 1,302,500.00 ~~646~~599.~~73688292~~12555854 0.~~62680998~~56763148 4640.~~98450672~~08323992 0.00000000 B-6 1,953,851.00 ~~646~~599.~~73652187~~12523012 0.~~62681341~~56763284 4640.~~98447835~~08321515 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 156.~~15024179~~39648154 6861.~~02508849~~62860694 0.~~06802509~~06162861 156.~~15024179~~39648154 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 9083.~~76663088~~48629319 ~~676~~592.~~28551279~~79921953 0.~~67628551~~59279922 9083.~~76663088~~48629319 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 4635.~~13946669~~48590474 ~~236~~200.~~20701309~~72110836 0.~~23620701~~20072111 4635.~~13946669~~48590474 IV-A 0.00000000 5542.~~90513543~~68524198 ~~243~~200.~~38044693~~69520507 0.~~24338045~~20069521 5542.~~90513543~~68524198 V-A 0.00000000 3825.~~67955777~~58068518 ~~121~~95.~~32902044~~74833526 0.~~12132902~~09574834 3825.~~67955777~~58068518 VI-A 0.00000000 2517.~~35054984~~83820952 ~~130~~112.~~42617364~~58796401 0.~~13042617~~11258796 2517.~~35054984~~83820952 B-1 0.00000000 4740.~~61131905~~65087047 ~~599~~558.~~12556144~~47469097 0.~~59912556~~55847469 4740.~~61131905~~65087047 B-2 0.00000000 4740.~~61131908~~65087103 ~~599~~558.~~12556092~~47469160 0.~~59912556~~55847469 4740.~~61131908~~65087103 B-3 0.00000000 4740.~~61131984~~65087145 ~~599~~558.~~12556241~~47469096 0.~~59912556~~55847469 4740.~~61131984~~65087145 B-4 0.00000000 4740.~~61132097~~65086952 ~~599~~558.~~12556336~~47469001 0.~~59912556~~55847469 4740.~~61132097~~65086952 B-5 0.00000000 4740.~~61131670~~65087140 ~~599~~558.~~12555854~~47469482 0.~~59912556~~55847469 4740.~~61131670~~65087140 B-6 0.00000000 4740.~~61129175~~65084799 ~~599~~558.~~12523012~~47438213 0.~~59912523~~55847438 4740.~~61129175~~65084799 (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.~~55607~~60524% 75,~~327~~992,~~131~~506.0991 4032,~~030~~984.9994 0.00 0.00 R-I 50.00 6.~~43018~~43523% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~51699~~51772% 0.00 0.00 0.00 0.00 R-III 50.00 6.~~51699~~51772% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.~~40518~~41023% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.~~90518~~91023% 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 5.95000% ~~112~~99,~~531~~215,~~612~~548.0221 ~~557~~491,~~969~~943.2476 0.00 0.00 II-A-4 1,000.00 6.~~31884~~31915% 1,000.00 5.27 0.00 0.00 II-X 0.00 0.~~36884~~36915% ~~112~~99,~~531~~215,~~612~~548.0221 3430,~~588~~520.4387 0.00 0.00 III-A 209,616,500.00 6.~~63258~~63154% 5949,~~184~~512,~~480~~887.8836 ~~327~~273,~~121~~622.6223 0.00 0.00 IV-A 79,734,300.00 6.~~92726~~89540% 2319,~~863~~405,~~326~~769.4257 ~~137~~111,~~756~~508.2483 0.00 0.00 V-A 145,181,800.00 6.~~70853~~67732% 2317,~~230~~614,~~333~~765.4058 ~~129~~98,~~867~~016.7711 0.00 0.00 VI-A 87,535,000.00 6.~~53792~~55114% 1311,~~635~~416,~~915~~855.4911 7462,~~292~~327.1581 0.00 0.00 B-1 10,419,600.00 6.~~48975~~48450% 6,~~738~~242,~~739~~648.6070 3633,~~443~~733.9770 0.00 0.00 B-2 5,860,900.00 6.~~48975~~48450% 3,~~790~~511,~~460~~415.1900 2018,~~499~~974.3080 0.00 0.00 B-3 3,907,300.00 6.~~48975~~48450% 2,~~526~~340,~~995~~963.0131 1312,~~666~~649.3197 0.00 0.00 B-4 2,604,900.00 6.~~48975~~48450% 1,~~684~~560,~~684~~662.9018 98,~~110~~433.9942 0.00 0.00 B-5 1,302,500.00 6.~~48975~~48450% ~~842~~780,~~374~~361.7904 4,~~555~~216.6787 0.00 0.00 B-6 1,953,851.00 6.~~48975~~48450% 1,~~263~~170,~~626~~601.8043 6,~~833~~325.8663 0.00 0.00 Totals 1,302,438,001.00 1,~~392~~185,~~741~~264.8121 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 ~~408~~344.2193 0.00 3932,~~622~~640.7901 0.00 5,~~992~~429,~~506~~024.9122 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 0.00 0.00 0.00 0.00 0.00 II-A-3 5,~~689~~144.7835 0.00 ~~552~~486,~~279~~799.4641 0.00 9986,~~215~~967,~~548~~557.2198 II-A-4 0.0506 0.00 5.21 0.00 1,000.00 II-X ~~352~~319.7116 0.00 3430,~~235~~201.7271 0.00 9986,~~215~~967,~~548~~557.2198 III-A 32,~~335~~861.7632 0.00 ~~323~~270,~~785~~760.8691 0.00 4942,~~512~~074,~~887~~456.3621 IV-A 1,~~404~~166.7407 0.00 ~~136~~110,~~351~~342.5076 0.00 1916,~~405~~002,~~769~~291.5769 V-A 1,~~324~~024.3097 0.00 ~~128~~96,~~543~~991.4714 0.00 1713,~~614~~900,~~765~~915.5866 VI-A ~~757~~651.5877 0.00 7361,~~534~~676.5704 0.00 119,~~416,~~855,387.1143 B-1 ~~371~~352.6376 0.00 3633,~~072~~380.3494 0.00 65,~~242~~819,~~648~~082.7089 B-2 ~~209~~198.0442 0.00 2018,~~290~~776.2638 0.00 3,~~511~~273,~~415~~164.0032 B-3 ~~139~~132.3628 0.00 1312,~~526~~517.9569 0.00 2,~~340~~182,~~963~~128.3116 B-4 9288.9119 0.00 98,~~018~~345.0823 0.00 1,~~560~~454,~~662~~770.1872 B-5 4644.4610 0.00 4,~~509~~172.2278 0.00 ~~780~~727,~~361~~413.0429 B-6 6966.6915 0.00 6,~~764~~259.1749 0.00 1,~~170~~091,~~601~~175.4373 Totals 1412,~~202~~394.2253 0.00 1,~~378~~172,~~539~~869.6070 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.~~55607~~60524% 8368.~~17533016~~02508849 0.~~45441944~~37443486 0.00000000 0.00000000 R-I 50.00 6.~~43018~~43523% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~51699~~51772% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.~~51699~~51772% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.~~40518~~41023% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.~~90518~~91023% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% ~~767~~676.~~05214367~~28551279 3.~~80330019~~35324900 0.00000000 0.00000000 II-A-4 1,000.00 6.~~31884~~31915% 1000.00000000 5.27000000 0.00000000 0.00000000 II-X 0.00 0.~~36884~~36915% ~~168~~148.~~90866127~~92140195 0.~~05191684~~04581148 0.00000000 0.00000000 III-A 209,616,500.00 6.~~63258~~63154% ~~282~~236.~~34647979~~20701309 1.~~56057190~~30534681 0.00000000 0.00000000 IV-A 79,734,300.00 6.~~92726~~89540% ~~299~~243.~~28558249~~38044693 1.~~72769109~~39850516 0.00000000 0.00000000 V-A 145,181,800.00 6.~~70853~~67732% ~~160~~121.~~00857821~~32902044 0.~~89451825~~67512670 0.00000000 0.00000000 VI-A 87,535,000.00 6.~~53792~~55114% ~~155~~130.~~77672348~~42617364 0.~~84871366~~71203302 0.00000000 0.00000000 B-1 10,419,600.00 6.~~48975~~48450% ~~646~~599.~~73688049~~12556144 3.~~49763619~~23752351 0.00000000 0.00000000 B-2 5,860,900.00 6.~~48975~~48450% ~~646~~599.~~73688171~~12556092 3.~~49763688~~23752325 0.00000000 0.00000000 B-3 3,907,300.00 6.~~48975~~48450% ~~646~~599.~~73687969~~12556241 3.~~49763520~~23752207 0.00000000 0.00000000 B-4 2,604,900.00 6.~~48975~~48450% ~~646~~599.~~73688049~~12556336 3.~~49763523~~23752159 0.00000000 0.00000000 B-5 1,302,500.00 6.~~48975~~48450% ~~646~~599.~~73688292~~12555854 3.~~49763532~~23752015 0.00000000 0.00000000 B-6 1,953,851.00 6.~~48975~~48450% ~~646~~599.~~73652187~~12523012 3.~~49763621~~23751914 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.~~00463387~~00391554 0.00000000 0.~~44978568~~37051932 0.00000000 6861.~~02508849~~62860694 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.~~03878339~~03506557 0.00000000 3.~~76451680~~31818344 0.00000000 ~~676~~592.~~28551279~~79921953 II-A-4 0.~~05000000~~06000000 0.00000000 5.21000000 0.00000000 1000.00000000 II-X 0.~~00052941~~00047906 0.00000000 0.~~05138742~~04533242 0.00000000 ~~148~~130.~~92140195~~53730884 III-A 0.~~01591363~~01365026 0.00000000 1.~~54465827~~29169655 0.00000000 ~~236~~200.~~20701309~~72110836 IV-A 0.~~01761776~~01462445 0.00000000 1.~~71007333~~38388071 0.00000000 ~~243~~200.~~38044693~~69520507 V-A 0.~~00912167~~00705991 0.00000000 0.~~88539659~~66806680 0.00000000 ~~121~~95.~~32902044~~74833526 VI-A 0.~~00865460~~00744582 0.00000000 0.~~84005906~~70458719 0.00000000 ~~130~~112.~~42617364~~58796401 B-1 0.~~03566644~~03385543 0.00000000 3.~~46196975~~20366809 0.00000000 ~~599~~558.~~12556144~~47469097 B-2 0.~~03566688~~03385487 0.00000000 3.~~46197000~~20366838 0.00000000 ~~599~~558.~~12556092~~47469160 B-3 0.~~03566657~~03385458 0.00000000 3.~~46196862~~20366749 0.00000000 ~~599~~558.~~12556241~~47469096 B-4 0.~~03566740~~03385543 0.00000000 3.~~46196783~~20366617 0.00000000 ~~599~~558.~~12556336~~47469001 B-5 0.~~03566987~~03385797 0.00000000 3.~~46197313~~20366987 0.00000000 ~~599~~558.~~12555854~~47469482 B-6 0.~~03566802~~03385622 0.00000000 3.~~46196818~~20366804 0.00000000 ~~599~~558.~~12523012~~47438213 (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 3931,~~314~~231,~~690~~698.1565 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3931,~~056~~603.9886 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3931,~~353~~263,~~747~~302.1351 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~120~~102,~~511~~816.3471 Payment of Interest and Principal 3931,~~233~~160,~~235~~485.7980 Total Withdrawals (Pool Distribution Amount) 3931,~~353~~263,~~747~~302.1351 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1412,~~202~~394.1854 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 1412,~~202~~394.2253

SERVICING FEES Gross Servicing Fee 9379,~~212~~264.7894 Supplemental PMI Insurance Fee 2723,~~298~~551.5677 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~120~~102,~~511~~816.3471

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 96 0 0 0 96 32,~~243~~178,~~949~~083.3271 0.00 0.00 0.00 32,~~243~~178,~~949~~083.3271 60 Days 2 0 0 0 2 ~~684~~730,~~471~~125.9442 0.00 0.00 0.00 ~~684~~730,~~471~~125.9442 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 1 1 2 1 2 5 290,612.49 316,772.82 ~~721~~312,~~425~~267.6434 ~~582~~991,~~161~~319.1141 1,910,972.06 Totals 129 1 2 1 162 413 3,~~219~~198,~~033~~821.7562 316,772.82 ~~721~~312,~~425~~267.6434 ~~582~~991,~~161~~319.1141 54,~~839~~819,~~393~~181.3219 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.~~734104~~342282% 0.000000% 0.000000% 0.000000% 1.~~734104~~342282% 1.~~481496~~152743% 0.000000% 0.000000% 0.000000% 1.~~481496~~152743% 60 Days 0.~~385356~~447427% 0.000000% 0.000000% 0.000000% 0.~~385356~~447427% 0.~~312595~~386416% 0.000000% 0.000000% 0.000000% 0.~~312595~~386416% 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.~~192678~~223714% 0.~~192678~~223714% 0.~~385356~~223714% 0.~~192678~~447427% 01.~~963391~~118568% 0.~~132721~~153806% 0.~~144669~~167651% 0.~~329472~~165266% 0.~~265870~~524652% 01.~~872732~~011375% Totals 2.~~312139~~013423% 0.~~192678~~223714% 0.~~385356~~223714% 0.~~192678~~447427% 32.~~082852~~908277% 1.~~926813~~692965% 0.~~144669~~167651% 0.~~329472~~165266% 0.~~265870~~524652% 2.~~666823~~550535%

Delinquency Status By Groups

~~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 12 0 0 0 12 ~~286~~720,~~333~~228.9428 0.00 0.00 0.00 ~~286~~720,~~333~~228.9428 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 1 1 2 1 2 5 290,612.49 316,772.82 ~~721~~312,~~425~~267.6434 ~~582~~991,~~161~~319.1141 1,910,972.06 Totals 23 1 2 1 62 ~~576~~7 1,~~946~~010,840.4377 316,772.82 ~~721~~312,~~425~~267.6434 ~~582~~991,~~161~~319.1141 2,~~197~~631,~~306~~200.0034 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~398406~~913242% 0.000000% 0.000000% 0.000000% 0.~~398406~~913242% 0.~~266317~~759989% 0.000000% 0.000000% 0.000000% 0.~~266317~~759989% 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.~~398406~~456621% 0.~~398406~~456621% 0.~~796813~~456621% 0.~~398406~~913242% 12.~~992032~~283105% 0.~~270297~~306656% 0.~~294628~~334260% 0.~~670993~~329506% 01.~~541464~~046045% 12.~~777383~~016467% Totals 01.~~796813~~369863% 0.~~398406~~456621% 0.~~796813~~456621% 0.~~398406~~913242% 23.~~390438~~196347% 01.~~536614~~066644% 0.~~294628~~334260% 0.~~670993~~329506% 01.~~541464~~046045% 2.~~043700~~776456% 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 61 0 0 0 61 2283,~~302,360~~142.0822 0.00 0.00 0.00 2283,~~302,360~~142.0822 60 Days 1 0 0 0 1 332,~~551~~300.2589 0.00 0.00 0.00 332,~~551~~300.2589 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 72 0 0 0 7 2 615,~~634,911~~443.3311 0.00 0.00 0.00 2615,~~634,911~~443.3311 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.~~347826~~840336% 0.000000% 0.000000% 0.000000% 40.~~347826~~840336% 40.~~401567~~634020% 0.000000% 0.000000% 0.000000% 40.~~401567~~634020% 60 Days 0.~~724638~~840336% 0.000000% 0.000000% 0.000000% 0.~~724638~~840336% 0.~~635759~~744097% 0.000000% 0.000000% 0.000000% 0.~~635759~~744097% 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 51.~~072464~~680672% 0.000000% 0.000000% 0.000000% 51.~~072464~~680672% 51.~~037327~~378117% 0.000000% 0.000000% 0.000000% 51.~~037327~~378117% 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 1 257,~~430~~148.7749 0.00 0.00 0.00 257,~~430~~148.7749 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 1 0 0 0 1 257,~~430~~148.7749 0.00 0.00 0.00 257,~~430~~148.7749 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~222222~~777778% 0.000000% 0.000000% 0.000000% 2.~~222222~~777778% 1.~~254937~~511555% 0.000000% 0.000000% 0.000000% 1.~~254937~~511555% 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 2.~~222222~~777778% 0.000000% 0.000000% 0.000000% 2.~~222222~~777778% 1.~~254937~~511555% 0.000000% 0.000000% 0.000000% 1.~~254937~~511555% 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 1 0 0 0 1 ~~397~~442,~~824~~611.5327 0.00 0.00 0.00 ~~397~~442,~~824~~611.5327 60 Days 01 0 0 0 01 0397,824.0053 0.00 0.00 0.00 0397,824.0053 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 ~~397~~840,~~824~~435.5380 0.00 0.00 0.00 ~~397~~840,~~824~~435.5380 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~439024~~857143% 0.000000% 0.000000% 0.000000% 2.~~439024~~857143% 2.~~061842~~872354% 0.000000% 0.000000% 0.000000% 2.~~061842~~872354% 60 Days 02.~~000000~~857143% 0.000000% 0.000000% 0.000000% 02.~~000000~~857143% 02.~~000000~~581708% 0.000000% 0.000000% 0.000000% 02.~~000000~~581708% 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 25.~~439024~~714286% 0.000000% 0.000000% 0.000000% 25.~~439024~~714286% 25.~~061842~~454062% 0.000000% 0.000000% 0.000000% 25.~~061842~~454062% 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 0474,953.0045 0.00 0.00 0.00 0474,953.0045 60 Days 10 0 0 0 10 ~~351,920~~0.6900 0.00 0.00 0.00 ~~351,920~~0.6900 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 1 0 0 0 1 ~~351~~474,~~920~~953.6945 0.00 0.00 0.00 ~~351~~474,~~920~~953.6945 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 05.000000% 0.000000% 0.000000% 0.000000% 05.000000% 04.~~000000~~421050% 0.000000% 0.000000% 0.000000% 04.~~000000~~421050% 60 Days 40.000000% 0.000000% 0.000000% 0.000000% 40.000000% 20.~~845094~~000000% 0.000000% 0.000000% 0.000000% 20.~~845094~~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 45.000000% 0.000000% 0.000000% 0.000000% 45.000000% 24.~~845094~~421050% 0.000000% 0.000000% 0.000000% 24.~~845094~~421050%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3931,~~056~~603.9886

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.00 93.23633064% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 2.~~739232~~875872% 93.~~707020~~066436% Class R-I 1,214,345,351.00 93.23632680% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 0.000000% 0.000000% Class R-II 1,214,345,301.00 93.23632296% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 0.000000% 0.000000% Class R-III 1,214,345,251.00 93.23631912% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% ~~212~~183,~~773~~349,~~477~~344.4908 97.~~26076843~~12412800% 0.000000% 0.000000% Class 2A3 548,117,651.00 42.08397256% ~~113~~96,~~557~~381,~~929~~786.2810 51.~~90840322~~05552451% 4546.~~352365~~068603% 4041.~~006112~~449416% Class 2A4 548,116,651.00 42.08389578% ~~113~~96,~~556~~380,~~929~~786.2810 51.~~90794611~~05499479% 0.~~000457~~000530% 0.~~000403~~000477% Class 3A 338,500,151.00 25.98973239% 6454,~~044~~306,~~041~~329.9289 2928.~~27513713~~76724191% 22.~~632809~~287753% 1920.~~964796~~053014% Class B-1 15,629,451.00 1.20001497% 98,~~364~~728,~~002~~652.9622 4.~~28037429~~62375658% 23.~~853574~~082495% 2.~~517187~~773420% Class B-2 9,768,551.00 0.75002042% 5,~~852~~455,~~587~~487.9690 2.~~67527330~~88989038% 1.~~605101~~733866% 1.~~415888~~560016% Class B-3 5,861,251.00 0.45002150% 3,~~511~~273,~~624~~359.6574 1.~~60519683~~73396972% 1.~~070076~~155921% 01.~~943933~~040019% Class B-4 3,256,351.00 0.25001966% 1,~~950~~818,~~962~~589.4702 0.~~89180339~~96334608% 0.~~713393~~770624% 0.~~629297~~693355% Class B-5 1,953,851.00 0.15001490% 1,~~170~~091,~~601~~175.4373 0.~~53509298~~57801947% 0.~~356710~~385327% 0.~~314660~~346691% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~535093~~578019% 0.~~472015~~520063% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~076218~~065528% Weighted Average Net Coupon 6.~~640340~~630735% Weighted Average Pass-Through Rate 6.~~512687~~501546% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count ~~605~~519 Number Of Loans Paid In Full 8672 Ending Scheduled Collateral Loan Count ~~519~~447 Beginning Scheduled Collateral Balance ~~256~~218,~~620~~765,~~680~~984.5939 Ending Scheduled Collateral Balance ~~218~~188,~~765~~778,~~984~~368.3931 Ending Actual Collateral Balance at 3031-~~Nov~~Dec-2002 ~~218~~188,~~964~~947,~~415~~850.2510 Monthly P &I Constant 1,~~758~~493,~~662~~133.7622 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3730,~~916~~029,~~098~~629.2835 Ending Scheduled Balance for Premium Loans ~~218~~188,~~765~~778,~~984~~368.3931 Scheduled Principal ~~245~~205,~~409~~052.5931 Unscheduled Principal 3729,~~609~~782,~~286~~563.6177

Miscellaneous Reporting Senior Percentage Group I 8786.~~414039~~132873% Senior Percentage Group II 92.~~833714~~377109% Senior Percentage Group III 9594.~~180373~~725912% Senior Percentage Group IV 9594.~~208223~~676775% Senior Percentage Group V 9291.~~502395~~372123% Senior Percentage Group VI 9392.~~014048~~366932% Senior Prepayment Percentage Group I 93.~~707020~~066436% Senior Prepayment Percentage Group II 96.~~416857~~188554% Senior Prepayment Percentage Group III 97.~~590187~~362956% Senior Prepayment Percentage Group IV 97.~~604112~~338387% Senior Prepayment Percentage Group V 9695.~~251198~~686062% Senior Prepayment Percentage Group VI 96.~~507024~~183466% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 1213.~~585961~~867127% Subordinate Percentage Group II 7.~~166286~~622891% Subordinate Percentage Group III 45.~~819627~~274088% Subordinate Percentage Group IV 45.~~791777~~323225% Subordinate Percentage Group V 78.~~497605~~627877% Subordinate Percentage Group VI 67.~~985952~~633068% Subordinate Prep. Percentage Group I 6.~~292980~~933564% Subordinate Prep. Percentage Group II 3.~~583143~~811446% Subordinate Prep. Percentage Group III 2.~~409813~~637044% Subordinate Prep. Percentage Group IV 2.~~395888~~661613% Subordinate Prep. Percentage Group V 34.~~748802~~313938% Subordinate Prep. Percentage Group VI 3.~~492976~~816534%

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~067301~~113662 6.~~988683~~982599 7.~~059576~~059545 Weighted Average Net Rate 6.~~700084~~748030 6.~~439775~~442156 6.~~759988~~759547 Weighted Average Maturity ~~338~~337 ~~138~~137 ~~338~~337 Beginning Loan Count 2319 ~~281~~251 ~~163~~138 Loans Paid In Full 41 3032 2519 Ending Loan Count 1918 ~~251~~219 ~~138~~119 Beginning Scheduled Balance 86,~~382~~957,~~098~~282.7307 ~~121~~107,~~219~~403,~~551~~825.8106 6252,~~181~~269,~~391~~634.8611 Ending scheduled Balance 6,~~957~~351,~~282~~315.0737 ~~107~~94,~~403~~666,~~825~~162.0668 5244,~~269~~628,~~634~~513.1131 Record Date 1112/3031/2002 1112/3031/2002 1112/3031/2002 Principal And Interest Constant 5748,~~772~~006.5528 ~~835~~734,~~066~~715.7329 ~~420~~352,~~146~~622.8898 Scheduled Principal 86,~~406~~763.8715 ~~129~~109,~~095~~750.8442 5445,~~334~~123.9813 Unscheduled Principal 1599,~~416,409~~203.7955 1312,~~686~~627,~~630~~911.9196 97,~~857~~595,~~422~~997.7767 Scheduled Interest 4941,~~365~~243.6813 ~~705~~624,~~970~~964.8987 ~~365~~307,~~811~~499.9085 Servicing Fees 2,~~565~~119.0484 5548,~~448~~371.6941 1513,~~523~~067.9932 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 ~~1,005~~827.9488 1211,~~216~~009.4474 65,~~601~~575.9273 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 4538,~~794~~295.7041 ~~638~~565,~~305~~583.7672 ~~343~~288,~~685~~856.9980 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.~~556072~~605237 6.~~318840~~319146 6.~~632582~~631540

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~411966~~378163 7.~~212699~~187598 7.~~067869~~075507 Weighted Average Net Rate 7.~~065055~~037464 6.~~837699~~812598 6.~~692869~~700507 Weighted Average Maturity ~~328~~327 ~~339~~338 ~~339~~338 Beginning Loan Count 5645 5241 2925 Loans Paid In Full 119 116 45 Ending Loan Count 4536 4135 2520 Beginning Scheduled Balance 2520,~~064~~496,~~354~~863.2978 2519,~~113~~278,~~223~~052.68 14 12,~~660~~360,~~060~~327.2223 Ending scheduled Balance 2016,~~496~~999,~~863~~862.7875 1915,~~278~~395,~~052~~968.1410 1210,~~360~~736,~~327~~546.2310 Record Date 1112/3031/2002 1112/3031/2002 1112/3031/2002 Principal And Interest Constant ~~175~~142,~~753~~800.3480 ~~173~~133,~~743~~165.4050 9681,~~179~~822.8637 Scheduled Principal 2016,~~939~~776.8947 2217,~~798~~696.3042 98,~~833~~942.7172 Unscheduled Principal 43,~~546~~480,~~550~~224.6256 53,~~812~~864,~~373~~387.2462 21,~~289~~614,~~899~~838.2841 Scheduled Interest ~~154~~126,~~813~~024.4533 ~~150~~115,~~945~~469.1008 8672,~~346~~879.1565 Servicing Fees 75,~~245~~819.9238 76,~~847~~024.8839 43,~~581~~862.2660 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 2,~~878~~426.0952 2,~~703~~173.2634 1,~~892~~538.9156 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 ~~144~~117,~~689~~778.4443 ~~140~~107,~~393~~271.9635 7967,~~871~~478.9849 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.~~927261~~895402 6.~~708527~~677315 6.~~537924~~551137

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~076218~~065528 Weighted Average Net Rate 6.~~640340~~630735 Weighted Average Maturity ~~338~~337.00 Record Date 1112/3031/2002 Principal And Interest Constant 1,~~758~~493,~~662~~133.7622 Beginning Loan Count ~~604~~519 Loans Paid In Full 8572 Ending Loan Count ~~519~~447 Beginning Scheduled Balance ~~256~~218,~~620~~765,~~680~~984.5939 Ending Scheduled Balance ~~218~~188,~~765~~778,~~984~~368.3931 Scheduled Principal ~~245~~205,~~409~~052.5931 Unscheduled Principal 3729,~~609~~782,~~286~~563.6177 Scheduled Interest 1,~~513~~288,~~253~~080.1791 Servicing Fee 9379,~~212~~264.7894 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 2723,~~298~~551.5677 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~392~~185,~~741~~264.8320 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.~~512687~~501546

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