8-K 1 bst02008.txt JUNE 8-K 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): June 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-08 Pooling and Servicing Agreement) (Commission 51-0423867 (State or other File Number) 51-0423872 jurisdiction 51-0423873 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 June 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-8 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 2002-8 Trust, relating to the June 25, 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 2002-8 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: 6/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-8 Trust, relating to the June 25, 2003 distribution.

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 BST Series: 2002-8 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MNQ1 SEN 5.~~42636~~44289% 4036,~~259~~288,~~893~~738.0574 ~~180~~162,~~068~~990.6747 35,~~971~~737,~~154~~137.3213 II-A 07384MNR9 SEN 5.~~27733~~27245% 8979,~~369~~788,~~704~~383.2457 ~~388~~347,~~742~~146.0463 910,~~581~~155,~~320~~170.6722 II-X 07384MNU2 SEN 0.64500% 0.00 4742,~~512~~467.4088 0.00 III-A 07384MNS7 SEN 6.~~14806~~13229% 2824,~~255~~678,~~623~~476.8651 ~~143~~124,~~185~~882.7464 32,~~577~~333,~~147~~088.3555 IV-A 07384MNT5 SEN 5.~~22817~~18821% 3228,~~082~~572,~~271~~122.8843 ~~138~~122,~~252~~326.0457 32,~~510~~519,~~149~~476.4599 V-A 07384MNY4 SEN 5.~~48217~~43142% 2723,~~144~~411,~~457~~987.2444 ~~122~~104,~~656~~933.4115 31,~~732~~682,~~469~~435.8123 VI-A 07384MNZ1 SEN 5.~~89140~~90403% 3026,~~138~~321,~~230~~615.4296 ~~146~~128,~~350~~239.0962 32,~~816~~549,~~614~~943.4604 VII-A 07384MPA4 SEN 6.~~39617~~40664% 3736,~~849~~039,~~626~~849.5944 ~~199~~190,~~543~~534.79 14,~~809~~349,~~777~~109.1549 X 07384MPL0 SEN 0.20650% 0.00 109,~~442~~139.1046 0.00 B-1 07384MPB2 SUB 5.~~65269~~63817% 109,~~347~~830,~~523~~209.89 48 45,~~211~~736.2645 ~~517~~510,~~314~~953.4124 B-2 07384MPC0 SUB 5.~~65269~~63817% 54,~~006~~756,~~906~~591.7329 2322,~~328~~130.2272 ~~250~~247,~~315~~237.4443 B-3 07384MPD8 SUB 5.~~65269~~63817% 3,~~337~~171,~~997~~117.3541 1514,~~552~~754.4208 ~~166~~164,~~879~~827.9489 B-4 07384MPE6 SUB 5.~~65269~~63817% 21,~~002~~902,~~798~~670.4145 98,~~331~~852.45 ~~100~~98,~~127~~896.9674 B-5 07384MPF3 SUB 5.~~65269~~63817% 1,~~335~~268,~~198~~446.9497 65,~~220~~901.9763 6665,~~751~~931.9716 B-6 07384MPG1 SUB 5.~~65269~~63817% 1,~~335~~268,~~538~~769.8185 65,~~222~~903.5513 6665,~~768~~947.9693 R-I 07384MNV0 SEN 5.38634% 0.00 0.00 0.00 R-II 07384MNW8 SEN 5.38634% 0.00 0.00 0.00 R-III 07384MNX6 SEN 5.38634% 0.00 0.00 0.00 Totals ~~308~~277,~~465~~298,~~771~~979.4154 1,~~485~~335,~~620~~939.1567 3130,~~166~~480,~~791~~155.8904

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 3630,~~288~~551,~~738~~601.7460 45,~~151~~900,~~222~~127.9960 0.00 II-A 0.00 7969,~~788~~633,~~383~~213.5734 910,~~970~~502,~~062~~316.7185 0.00 II-X 0.00 0.00 4742,~~512~~467.4088 0.00 III-A 0.00 2422,~~678~~345,~~476~~387.5196 32,~~720~~457,~~333~~971.0919 0.00 IV-A 0.00 2826,~~572~~052,~~122~~645.4345 32,~~648~~641,~~401~~803.4956 0.00 V-A 0.00 2321,~~411~~729,~~987~~552.4421 31,~~855~~787,~~126~~368.2238 0.00 VI-A 0.00 2623,~~321~~771,~~615~~672.9692 32,~~962~~678,~~964~~182.5566 0.00 VII-A 0.00 3631,~~039~~690,~~849~~739.4495 24,~~009~~539,~~320~~644.9428 0.00 X 0.00 0.00 109,~~442~~139.1046 0.00 B-1 0.00 9,~~830~~319,~~209~~256.4824 ~~565~~556,~~525~~689.6769 0.00 B-2 0.00 4,~~756~~509,~~591~~353.2986 ~~273~~269,~~643~~368.6615 0.00 B-3 0.00 3,~~171~~006,~~117~~289.4152 ~~182~~179,~~432~~581.3697 0.00 B-4 0.00 1,~~902~~803,~~670~~773.4571 ~~109~~107,~~459~~749.4119 0.00 B-5 0.00 1,~~268~~202,~~446~~515.9781 7271,~~972~~832.9479 0.00 B-6 0.00 1,~~268~~202,~~769~~821.8591 7271,~~991~~851.5106 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 Totals 0.00 ~~277~~246,~~298~~818,~~979~~824.5448 3231,~~652~~816,~~412~~094.0471 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 76,399,700.00 4036,~~259~~288,~~893~~738.0574 3129,~~844~~733.4601 35,~~939~~707,~~309~~404.8612 0.00 0.00 II-A 187,728,800.00 8979,~~369~~788,~~704~~383.2457 7365,~~700~~739.8917 910,~~507~~089,~~619~~431.7806 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 45,480,600.00 2824,~~255~~678,~~623~~476.8651 86,~~341~~732.1421 32,~~568~~326,~~806~~356.2134 0.00 0.00 IV-A 275,388,100.00 3228,~~082~~572,~~271~~122.8843 3734,~~704~~291.3572 32,~~472~~485,~~445~~185.1027 0.00 0.00 V-A 32,683,300.00 2723,~~144~~411,~~457~~987.2444 1412,~~481~~455.5847 31,~~717~~669,~~988~~979.2376 0.00 0.00 VI-A 41,117,300.00 3026,~~138~~321,~~230~~615.4296 109,~~857~~000.9791 32,~~805~~540,~~756~~942.4913 0.00 0.00 VII-A 62,630,800.00 3736,~~849~~039,~~626~~849.5944 1,~~578~~581.9571 14,~~808~~347,~~198~~527.2077 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,587,500.00 109,~~347~~830,~~523~~209.8948 87,~~273~~944.0167 ~~509~~503,~~041~~008.3957 0.00 0.00 B-2 5,606,900.00 54,~~006~~756,~~906~~591.7329 43,~~003~~844.1023 ~~246~~243,~~312~~393.3420 0.00 0.00 B-3 3,738,000.00 3,~~337~~171,~~997~~117.3541 2,~~668~~562.7886 ~~164~~162,~~211~~265.1503 0.00 0.00 B-4 2,242,800.00 21,~~002~~902,~~798~~670.4145 1,~~601~~537.2772 9897,~~526~~359.6902 0.00 0.00 B-5 1,495,200.00 1,~~335~~268,~~198~~446.9497 1,~~067~~025.5115 6564,~~684~~906.4601 0.00 0.00 B-6 1,495,580.00 1,~~335~~268,~~538~~769.8185 1,~~067~~025.7841 6564,~~701~~922.1853 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 Totals 747,594,730.00 ~~308~~277,~~465~~298,~~771~~979.4154 ~~197~~177,~~190~~474.7924 30,~~969~~302,~~601~~680.0881 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 35,~~971~~737,~~154~~137.3213 3630,~~288~~551,~~738~~601.7460 0.~~47498536~~39989164 35,~~971~~737,~~154~~137.3213 II-A 910,~~581~~155,~~320~~170.6722 7969,~~788~~633,~~383~~213.5734 0.~~42501941~~37092451 910,~~581~~155,~~320~~170.6722 II-X 0.00 0.00 0.00000000 0.00 III-A 32,~~577~~333,~~147~~088.3555 2422,~~678~~345,~~476~~387.5196 0.~~54261546~~49131691 32,~~577~~333,~~147~~088.3555 IV-A 32,~~510~~519,~~149~~476.4599 2826,~~572~~052,~~122~~645.4345 0.~~10375220~~09460338 32,~~510~~519,~~149~~476.4599 V-A 31,~~732~~682,~~469~~435.81 23 21,~~411~~729,~~987~~552.4421 0.~~71632875~~66485184 31,~~732~~682,~~469~~435.8123 VI-A 32,~~816~~549,~~614~~943.4604 2623,~~321~~771,~~615~~672.9692 0.~~64015915~~57814285 32,~~816~~549,~~614~~943.4604 VII-A 14,~~809~~349,~~777~~109.1549 3631,~~039~~690,~~849~~739.4495 0.~~57543332~~50599290 14,~~809~~349,~~777~~109.1549 X 0.00 0.00 0.00000000 0.00 B-1 ~~517~~510,~~314~~953.4124 9,~~830~~319,~~209~~256.4824 0.~~84834602~~80425081 ~~517~~510,~~314~~953.4124 B-2 ~~250~~247,~~315~~237.4443 4,~~756~~509,~~591~~353.2986 0.~~84834602~~80425081 ~~250~~247,~~315~~237.4443 B-3 ~~166~~164,~~879~~827.9489 3,~~171~~006,~~117~~289.4152 0.~~84834602~~80425081 ~~166~~164,~~879~~827.9489 B-4 ~~100~~98,~~127~~896.9674 1,~~902~~803,~~670~~773.4571 0.~~84834602~~80425081 ~~100~~98,~~127~~896.9674 B-5 6665,~~751~~931.9716 1,~~268~~202,~~446~~515.9781 0.~~84834602~~80425081 6665,~~751~~931.9716 B-6 6665,~~768~~947.9693 1,~~268~~202,~~769~~821.8591 0.~~84834636~~80425113 6665,~~768~~947.9693 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 Totals 3130,~~166~~480,~~791~~155.8904 ~~277~~246,~~298~~818,~~979~~824.5448 0.~~37092153~~33015057 3130,~~166~~480,~~791~~155.8904

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 76,399,700.00 ~~526~~474.~~96402015~~98535649 0.~~41681394~~38917705 5174.~~56184985~~70453575 0.00000000 II-A 187,728,800.00 ~~476~~425.~~05750551~~01940869 0.~~39259235~~35018159 5053.~~64550447~~74471610 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 45,480,600.00 ~~621~~542.~~26761432~~61545604 0.~~18339996~~14802377 7851.~~46875833~~15052000 0.00000000 IV-A 275,388,100.00 ~~116~~103.~~49839583~~75220436 0.~~13691350~~12452143 129.~~60927796~~02430159 0.00000000 V-A 32,683,300.00 ~~830~~716.~~52988040~~32875016 0.~~44308806~~38109585 ~~113~~51.~~75804249~~09581223 0.00000000 VI-A 41,117,300.00 ~~732~~640.~~98174783~~15915345 0.~~26407303~~21890810 9261.~~55852135~~79739745 0.00000000 VII-A 62,630,800.00 ~~604~~575.~~32928511~~43332418 0.~~02521044~~02525451 2869.~~87075049~~41517225 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,587,500.00 ~~892~~848.~~99019547~~34601769 0.~~71395987~~68562416 43.~~93021704~~40958533 0.00000000 B-2 5,606,900.00 ~~892~~848.~~99019601~~34601830 0.~~71395959~~68562486 43.~~93021812~~40958462 0.00000000 B-3 3,738,000.00 ~~892~~848.~~99019529~~34601659 0.~~71395934~~68562333 43.~~93021669~~40958534 0.00000000 B-4 2,242,800.00 ~~892~~848.~~99019529~~34601837 0.~~71396023~~68562511 43.~~93021669~~40958623 0.00000000 B-5 1,495,200.00 ~~892~~848.~~99019529~~34602060 0.~~71395800~~68562734 43.~~93021669~~40958400 0.00000000 B-6 1,495,580.00 ~~892~~848.~~99055216~~34636061 0.~~71395713~~68562698 43.~~93023442~~40960029 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

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 5175.~~97866379~~09371280 ~~474~~399.~~98535649~~89164355 0.~~47498536~~39989164 5175.~~97866379~~09371280 II-A 0.00000000 5154.~~03809682~~09489764 ~~425~~370.~~01940869~~92451100 0.~~42501941~~37092451 5154.~~03809682~~09489764 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 7851.~~65215828~~29854377 ~~542~~491.~~61545604~~31691227 0.~~54261546~~49131691 7851.~~65215828~~29854377 IV-A 0.00000000 129.~~74619147~~14882302 ~~103~~94.~~75220436~~60338137 0.~~10375220~~09460338 129.~~74619147~~14882302 V-A 0.00000000 ~~114~~51.~~20113055~~47690808 ~~716~~664.~~32875016~~85184207 0.~~71632875~~66485184 ~~114~~51.~~20113055~~47690808 VI-A 0.00000000 9262.~~82259438~~01630555 ~~640~~578.~~15915345~~14284790 0.~~64015915~~57814285 9262.~~82259438~~01630555 VII-A 0.00000000 2869.~~89596093~~44042691 ~~575~~505.~~43332418~~99289726 0.~~57543332~~50599290 2869.~~89596093~~44042691 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 44.~~64417778~~09520949 ~~848~~804.~~34601769~~25080820 0.~~84834602~~80425081 44.~~64417778~~09520949 B-2 0.00000000 44.~~64417771~~09520947 ~~848~~804.~~34601830~~25080882 0.~~84834602~~80425081 44.~~64417771~~09520947 B-3 0.00000000 44.~~64417871~~09520867 ~~848~~804.~~34601659~~25080792 0.~~84834602~~80425081 44.~~64417871~~09520867 B-4 0.00000000 44.~~64417692~~09521134 ~~848~~804.~~34601837~~25080703 0.~~84834602~~80425081 44.~~64417692~~09521134 B-5 0.00000000 44.~~64417469~~09521134 ~~848~~804.~~34602060~~25080926 0.~~84834602~~80425081 44.~~64417469~~09521134 B-6 0.00000000 44.~~64419155~~09522058 ~~848~~804.~~34636061~~25113334 0.~~84834636~~80425113 44.~~64419155~~09522058 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 (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 76,399,700.00 5.~~42636~~44289% 4036,~~259~~288,~~893~~738.0574 ~~182~~164,~~053~~596.9118 0.00 0.00 II-A 187,728,800.00 5.~~27733~~27245% 8979,~~369~~788,~~704~~383.2457 ~~393~~350,~~027~~566.8857 0.00 0.00 II-X 0.00 0.64500% 8979,~~369~~788,~~704~~383.2457 4842,~~036~~886.2226 0.00 0.00 III-A 45,480,600.00 6.~~14806~~13229% 2824,~~255~~678,~~623~~476.8651 ~~144~~126,~~764~~112.3593 0.00 0.00 IV-A 275,388,100.00 5.~~22817~~18821% 3228,~~082~~572,~~271~~122.8843 ~~139~~123,~~776~~531.2668 0.00 0.00 V-A 32,683,300.00 5.~~48217~~43142% 2723,~~144~~411,~~457~~987.2444 ~~124~~105,~~008~~966.6890 0.00 0.00 VI-A 41,117,300.00 5.~~89140~~90403% 3026,~~138~~321,~~230~~615.4296 ~~147~~129,~~963~~502.5999 0.00 0.00 VII-A 62,630,800.00 6.~~39617~~40664% 3736,~~849~~039,~~626~~849.5944 ~~201~~192,~~743~~411.7486 0.00 0.00 X 0.00 0.20650% 6153,~~349~~633,~~458~~859.0511 109,~~557~~229.2249 0.00 0.00 B-1 11,587,500.00 5.~~65269~~63817% 109,~~347~~830,~~523~~209.89 48 46,~~742~~187.7803 0.00 0.00 B-2 5,606,900.00 5.~~65269~~63817% 54,~~006~~756,~~906~~591.7329 2322,~~585~~348.4174 0.00 0.00 B-3 3,738,000.00 5.~~65269~~63817% 3,~~337~~171,~~997~~117.3541 1514,~~723~~899.8843 0.00 0.00 B-4 2,242,800.00 5.~~65269~~63817% 21,~~002~~902,~~798~~670.4145 98,~~434~~939.3366 0.00 0.00 B-5 1,495,200.00 5.~~65269~~63817% 1,~~335~~268,~~198~~446.9497 65,~~289~~959.5577 0.00 0.00 B-6 1,495,580.00 5.~~65269~~63817% 1,~~335~~268,~~538~~769.8185 65,~~291~~961.1529 0.00 0.00 R-I 50.00 5.38634% 0.00 0.00 0.00 0.00 R-II 50.00 5.38634% 0.00 0.00 0.00 0.00 R-III 50.00 5.38634% 0.00 0.00 0.00 0.00 Totals 747,594,730.00 1,~~501~~349,~~998~~100.9578 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 1,~~985~~605.2471 0.00 ~~180~~162,~~068~~990.6747 0.00 3630,~~288~~551,~~738~~601.7460 II-A 43,~~285~~419.8494 0.00 ~~388~~347,~~742~~146.0463 0.00 7969,~~788~~633,~~383~~213.5734 II-X ~~523~~418.8237 0.00 4742,~~512~~467.4088 0.00 7969,~~788~~633,~~383~~213.5734 III-A 1,~~578~~230.6129 0.00 ~~143~~124,~~185~~882.7464 0.00 2422,~~678~~345,~~476~~387.5196 IV-A 1,~~524~~205.2111 0.00 ~~138~~122,~~252~~326.0457 0.00 2826,~~572~~052,~~122~~645.4345 V-A 1,~~352~~033.2776 0.00 ~~122~~104,~~656~~933.4115 0.00 2321,~~411~~729,~~987~~552.4421 VI-A 1,~~613~~263.4936 0.00 ~~146~~128,~~350~~239.0962 0.00 2623,~~321~~771,~~615~~672.9692 VII-A 21,~~199~~877.9506 0.00 ~~199~~190,~~543~~534.79 0.00 3631,~~039~~690,~~849~~739.4495 X ~~115~~90.1204 0.00 109,~~442~~139.1046 0.52 5347,~~633~~991,~~859~~033.1105 B-1 ~~531~~450.5258 0.00 4845,~~211~~736.2645 0.00 9,~~830~~319,~~209~~256.4824 B-2 ~~257~~218.1902 0.00 2322,~~328~~130.2272 0.00 4,~~756~~509,~~591~~353.2986 B-3 ~~171~~145.4635 0.00 1514,~~552~~754.4208 0.00 3,~~171~~006,~~117~~289.4152 B-4 ~~102~~87.8821 0.00 98,~~331~~852.45 0.00 1,~~902~~803,~~670~~773.4571 B-5 6858.5914 0.00 65,~~220~~901.9763 0.00 1,~~268~~202,~~446~~515.9781 B-6 6858.6016 0.00 65,~~222~~903.5513 0.00 1,~~268~~202,~~769~~821.8591 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 Totals 1613,~~378~~161.7910 0.00 1,~~485~~335,~~620~~939.1567 0.52 (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 76,399,700.00 5.~~42636~~44289% ~~526~~474.~~96402015~~98535649 2.~~38291394~~15440872 0.00000000 0.00000000 II-A 187,728,800.00 5.~~27733~~27245% ~~476~~425.~~05750551~~01940869 21.~~09359395~~86740964 0.00000000 0.00000000 II-X 0.00 0.64500% ~~476~~425.~~05750551~~01940869 0.~~25588093~~22844795 0.00000000 0.00000000 III-A 45,480,600.00 6.~~14806~~13229% ~~621~~542.~~26761432~~61545604 32.~~18299121~~77289504 0.00000000 0.00000000 IV-A 275,388,100.00 5.~~22817~~18821% ~~116~~103.~~49839583~~75220436 0.~~50756100~~44857305 0.00000000 0.00000000 V-A 32,683,300.00 5.~~48217~~43142% ~~830~~716.~~52988040~~32875016 3.~~79425211~~24223380 0.00000000 0.00000000 VI-A 41,117,300.00 5.~~89140~~90403% ~~732~~640.~~98174783~~15915345 3.~~59857262~~14959859 0.00000000 0.00000000 VII-A 62,630,800.00 6.~~39617~~40664% ~~604~~575.~~32928511~~43332418 3.~~22115860~~07216034 0.00000000 0.00000000 X 0.00 0.20650% ~~428~~375.~~94783579~~00132066 0.~~07381478~~06453145 0.00000000 0.00000000 B-1 11,587,500.00 5.~~65269~~63817% ~~892~~848.~~99019547~~34601769 43.~~20649666~~98593571 0.00000000 0.00000000 B-2 5,606,900.00 5.~~65269~~63817% ~~892~~848.~~99019601~~34601830 43.~~20649735~~98593519 0.00000000 0.00000000 B-3 3,738,000.00 5.~~65269~~63817% ~~892~~848.~~99019529~~34601659 43.~~20649545~~98593633 0.00000000 0.00000000 B-4 2,242,800.00 5.~~65269~~63817% ~~892~~848.~~99019529~~34601837 43.~~20649634~~98593722 0.00000000 0.00000000 B-5 1,495,200.00 5.~~65269~~63817% ~~892~~848.~~99019529~~34602060 43.~~20649411~~98593499 0.00000000 0.00000000 B-6 1,495,580.00 5.~~65269~~63817% ~~892~~848.~~99055216~~34636061 43.~~20649514~~98593857 0.00000000 0.00000000 R-I 50.00 5.38634% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.38634% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 5.38634% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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.~~02598492~~02101723 0.00000000 2.~~35692902~~13339149 0.00000000 ~~474~~399.~~98535649~~89164355 II-A 0.~~02282995~~01821745 0.00000000 21.~~07076400~~84919219 0.00000000 ~~425~~370.~~01940869~~92451100 II-X 0.~~00279030~~00222859 0.00000000 0.~~25309063~~22621931 0.00000000 ~~425~~370.~~01940869~~92451100 III-A 0.~~03470952~~02705087 0.00000000 32.~~14828168~~74584416 0.00000000 ~~542~~491.~~61545604~~31691227 IV-A 0.~~00553477~~00437604 0.00000000 0.~~50202620~~44419701 0.00000000 ~~103~~94.~~75220436~~60338137 V-A 0.~~04137495~~03162961 0.00000000 3.~~75287716~~21060450 0.00000000 ~~716~~664.~~32875016~~85184207 VI-A 0.~~03924115~~03072575 0.00000000 3.~~55933123~~11887259 0.00000000 ~~640~~578.~~15915345~~14284790 VII-A 0.~~03512569~~02997024 0.00000000 3.~~18603291~~04218994 0.00000000 ~~575~~505.~~43332418~~99289726 X 0.~~00080490~~00062955 0.00000000 0.~~07300987~~06390198 0.00000364 ~~375~~335.~~00132066~~54737758 B-1 0.~~04587012~~03888501 0.00000000 43.~~16062654~~94705070 0.00000000 ~~848~~804.~~34601769~~25080820 B-2 0.~~04587027~~03888423 0.00000000 43.~~16062708~~94705096 0.00000000 ~~848~~804.~~34601830~~25080882 B-3 0.~~04586945~~03888443 0.00000000 43.~~16062600~~94705190 0.00000000 ~~848~~804.~~34601659~~25080792 B-4 0.~~04587123~~03888443 0.00000000 43.~~16062511~~94705279 0.00000000 ~~848~~804.~~34601837~~25080703 B-5 0.~~04587346~~03888443 0.00000000 43.~~16062734~~94705056 0.00000000 ~~848~~804.~~34602060~~25080926 B-6 0.~~04586849~~03888792 0.00000000 43.~~16062665~~94705064 0.00000000 ~~848~~804.~~34636061~~25113334 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 (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 3731,~~702~~888,~~529~~417.4947 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3731,~~702~~888,~~529~~417.4947 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5072,~~117~~322.4576 Payment of Interest and Principal 3231,~~652~~816,~~412~~094.0471 Total Withdrawals (Pool Distribution Amount) 3231,~~702~~888,~~529~~417.4947 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~46,633~~0.1600 Servicing Fee Support ~~30,254~~0.3600 Non-Supported Prepayment/Curtailment Interest Shortfall 1613,~~378~~161.8007

SERVICING FEES Gross Servicing Fee 8072,~~371~~322.8176 Supported Prepayment/Curtailment Interest Shortfall ~~30,254~~0.3600 Net Servicing Fee 5072,~~117~~322.4576

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 671,195,030.00 89.78059944% ~~241~~216,~~010~~267,~~240~~222.8088 7273.~~82753860~~35820609% 10.~~965590~~363155% 0.000000% Class 2A 483,466,230.00 64.66956101% ~~161~~146,~~221~~634,~~857~~009.2354 4849.~~71739471~~73850290% 2423.~~110144~~619703% ~~359~~330.~~442665~~893256% Class 3A 437,985,630.00 58.58597077% ~~136~~124,~~543~~288,~~380~~621.7258 4142.~~26014852~~15890968% 7.~~457246~~579593% ~~111~~106.~~175299~~184073% Class X 26,166,130.00 3.50004206% 2221,~~197~~044,~~805~~011.4505 67.~~70764665~~13816398% 0.000000% 0.000000% Class B-1 14,578,630.00 1.95007126% 1211,~~367~~724,~~595~~754.9781 3.~~73719212~~97705657% 23.~~970455~~161107% 44.284601% Class B-2 8,971,730.00 1.20007935% 7,~~611~~215,~~004~~400.6895 2.~~29986384~~44747615% 1.~~437328~~529580% 21.428205% Class B-3 5,233,730.00 0.70007583% 4,~~439~~209,~~887~~111.2743 1.~~34162789~~42773768% 01.~~958236~~019738% 14.285725% Class B-4 2,990,930.00 0.40007371% 2,~~537~~405,~~216~~337.8272 0.~~76668633~~81589460% 0.~~574942~~611843% 8.571435% Class B-5 1,495,730.00 0.20007230% 1,~~268~~202,~~769~~821.8591 0.~~38339195~~40799922% 0.~~383294~~407895% 5.714290% Class B-6 150.00 0.00002006% 0.00 0.00000000% 0.~~383392~~407999% 5.715745% Class R-I 100.00 0.00001338% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 50.00 0.00000669% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~136721~~156636% Weighted Average Net Coupon 4.~~875925~~894385% Weighted Average Pass-Through Rate 4.~~873782~~891992% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count ~~765~~690 Number Of Loans Paid In Full 7572 Ending Scheduled Collateral Loan Count ~~690~~618 Beginning Scheduled Collateral Balance ~~369~~330,~~815~~932,~~229~~838.4664 Ending Scheduled Collateral Balance ~~330~~294,~~932~~809,~~838~~857.6454 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 ~~331~~294,~~076~~937,~~901~~216.6529 Monthly P &I Constant 97,~~495~~242,~~821~~383.0674 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3130,~~380~~561,~~007~~936.8201 Ending Scheduled Balance for Premium Loans ~~330~~294,~~932~~809,~~838~~857.6454 Scheduled Principal 75,~~912~~820,~~789~~300.7429 Unscheduled Principal 30,~~969~~302,~~601~~680.0881

Miscellaneous Reporting Senior Percentage Group 1 93.~~998676~~684073% Senior Prepayment Percentage Group 1 96.~~999338~~842037% Subordinate Percentage Group 1 6.~~001324~~315927% Subordinate Prepayment Pct. Group 1 3.~~000662~~157963% Average Loss Severity Group 1 0 Senior Percentage Group 2 93.~~478764~~104825% Senior Prepayment Percentage Group 2 96.~~739382~~552413% Subordinate Percentage Group 2 6.~~521236~~895175% Subordinate Prepayment Pct. Group 2 3.~~260618~~447588% Average Loss Severity Group 2 0 Senior Percentage Group 3 94.~~858783~~498226% Senior Prepayment Percentage Group 3 97.~~429391~~249113% Subordinate Percentage Group 3 5.~~141217~~501774% Subordinate Prepayment Pct. Group 3 2.~~570608~~750887% Average Loss Severity Group 3 0 Senior Percentage Group 4 7978.~~281781~~183723% Senior Prepayment Percentage Group 4 89.~~640890~~091861% Subordinate Percentage Group 4 2021.~~718219~~816277% Subordinate Prepayment Pct. Group 4 10.~~359110~~908139% Average Loss Severity Group 4 0 Senior Percentage Group 5 95.~~917074~~600679% Senior Prepayment Percentage Group 5 97.~~958537~~800340% Subordinate Percentage Group 5 4.~~082926~~399321% Subordinate Prepayment Pct. Group 5 2.~~041463~~199661% Average Loss Severity Group 5 0 Senior Percentage Group 6 95.~~620687~~312178% Senior Prepayment Percentage Group 6 97.~~810344~~656089% Subordinate Percentage Group 6 4.~~379313~~687822% Subordinate Prepayment Pct. Group 6 2.~~189657~~343911% Average Loss Severity Group 6 0 Senior Percentage Group 7 94.~~719762~~591069% Senior Prepayment Percentage Group 7 97.~~359881~~295535% Subordinate Percentage Group 7 5.~~280238~~408931% Subordinate Prepayment Pct. Group 7 2.~~640119~~704466% Average Loss Severity Group 7 0

Group Level Collateral Statement Group GROUP 1 GROUP 2 GROUP 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~715565~~733545 6.~~195393~~191121 6.~~501374~~486639 Weighted Average Net Rate 5.~~433034~~450255 5.~~922330~~917445 6.~~148058~~132287 Pass-Through Rate 5.442885 5.917445 6.132287 Weighted Average Maturity ~~348~~347 ~~348~~347 ~~348~~347 Beginning Loan Count ~~103~~93 ~~253~~227 7466 Loans Paid In Full 1015 2628 85 Ending Loan Count 9378 ~~227~~199 6661 Beginning Scheduled Balance 4238,~~830~~735,~~276~~227.7024 9585,~~604~~697,~~285~~367.47 29 26,~~787~~115,~~040~~280.1216 Ending scheduled Balance 3832,~~735~~809,~~227~~970.2440 8575,~~697~~177,~~367~~066.2922 2623,~~115~~715,~~280~~993.1698 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~237~~216,~~876~~812.9367 ~~572~~512,~~430~~743.8330 ~~170~~148,~~173~~291.8017 Scheduled Principal 3331,~~877~~737.5653 7870,~~842~~607.3969 87,~~793~~124.2217 Unscheduled Principal 45,~~061~~893,~~171~~519.9031 910,~~828~~449,~~075~~693.7938 32,~~662~~392,~~966~~162.7401 Scheduled Interest ~~203~~185,~~999~~075.3714 ~~493~~442,~~588~~135.4461 ~~161~~141,~~380~~167.5800 Servicing Fees 109,~~084~~144.0841 2119,~~754~~544.9738 87,~~770~~711.2067 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 ~~238~~237.1992 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 ~~193~~175,~~677~~692.1081 ~~471~~422,~~833~~591.4723 ~~152~~133,~~610~~455.3833 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 5.426360 5.922330 6.148058~~

Group Level Collateral Statement Group GROUP 4 GROUP 5 GROUP 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~478168~~438205 5.~~870660~~821994 6.~~266398~~279029 Weighted Average Net Rate 5.~~228168~~188205 5.~~500075~~452097 5.~~891398~~904029 Pass-Through Rate 5.188205 5.431418 5.904029 Weighted Average Maturity ~~350~~ 349 ~~349~~348 348 Beginning Loan Count 9081 6758 8072 Loans Paid In Full 96 94 85 Ending Loan Count 8175 5854 7267 Beginning Scheduled Balance 4036,~~466~~544,~~134~~847.0372 2824,~~299~~489,~~922~~352.0768 3127,~~518~~616,~~525~~214.1687 Ending scheduled Balance 3633,~~544~~711,~~847~~523.7244 2422,~~489~~768,~~352~~784.6820 2725,~~616~~004,~~214~~842.8723 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~232~~209,~~290~~475.9673 ~~153~~131,~~547~~842.3670 ~~175~~153,~~944~~946.9312 Scheduled Principal 4743,~~557~~860.3943 1513,~~098~~028.0264 119,~~355~~443.2561 Unscheduled Principal 32,~~873~~789,~~728~~463.9285 31,~~795~~707,~~471~~539.3784 32,~~890~~601,~~955~~929.0403 Scheduled Interest ~~184~~165,~~733~~615.5730 ~~138~~118,~~449~~814.3406 ~~164~~144,~~589~~502.6851 Servicing Fees 87,~~430~~613.4451 87,~~739~~548.5978 98,~~849~~630.5407 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 0.00 422.3602 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 ~~176~~158,~~303~~001.1379 ~~129~~110,~~287~~843.3926 ~~154~~135,~~740~~872.1444 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 5.228168 5.482166 5.891398~~

Group Level Collateral Statement Group GROUP 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~771166~~781637 5.~~136721~~156636 Weighted Average Net Rate 6.~~396166~~406637 4.~~875925~~894385 Pass-Through Rate 6.406637 4.891992 Weighted Average Maturity ~~348~~347.00 ~~349~~348.00 Record Date 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~227~~216,~~144~~993.4703 1,~~769~~590,~~409~~104.2872 Beginning Loan Count 9792 ~~764~~689 Loans Paid In Full 59 7572 Ending Loan Count 9283 ~~689~~617 Beginning Scheduled Balance 3938,~~959~~100,~~587~~689.8657 ~~308~~277,~~465~~298,~~771~~979.4153 Ending Scheduled Balance 3833,~~100~~630,~~689~~644.5702 ~~277~~246,~~298~~818,~~979~~824.5349 Scheduled Principal 1,~~666~~672.9716 ~~197~~177,~~190~~474.8023 Unscheduled Principal 14,~~857~~468,~~231~~373.3239 30,~~969~~302,~~601~~680.0881 Scheduled Interest ~~225~~215,~~477~~320.5087 1,~~572~~412,~~218~~630.4849 Servicing Fee 1211,~~487~~906.3747 8072,~~116~~099.1929 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 ~~660~~659.5594 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~212~~203,~~990~~414.1340 1,~~491~~339,~~441~~871.7426 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 ~~Pass-Through Rate 6.396166 4.873782~~

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THRO CERT SERIES 2002-8