8-K 1 bst01001.txt JUNE 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): June 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-27 Pooling and Servicing Agreement) (Commission 90-0030575 (State or other File Number) pending 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 June 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-1 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 2001-1 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 2001-1 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/26/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1 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: 2001-1 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 A-1 07384MBA9 SEN 4.~~31164~~17354% 1817,~~316~~522,~~404~~275.9963 6460,~~898~~304.1233 ~~794~~1,~~129~~105,841.3617 A-2 07384MBB7 SEN 4.~~50062~~24761% 8,~~724~~434,~~699~~644.6476 3229,~~268~~543.0271 ~~290~~360,~~054~~434.8842 A-3 07384MBC5 SEN 54.~~09026~~65901% 1312,~~451~~119,~~802~~959.0193 5646,~~269~~563.1376 1384,~~331,842~~527.0955 A-4 07384MBD3 SEN 6.~~65299~~79281% 76,~~837~~986,~~692~~135.0528 4239,~~850~~132.3472 ~~851~~302,~~556~~053.7762 A-5 07384MBE1 SEN 6.~~86205~~86307% 98,~~169~~374,~~547~~154.8866 5147,~~707~~392.2187 ~~795~~898,~~393~~740.2132 A-6 07384MBF8 SEN 6.~~73605~~73912% 107,~~637~~956,~~756~~489.3492 5844,~~885~~215.0286 2808,~~681,266~~713.4270 R-I 07384MBG6 SEN 7.~~99237~~99957% 0.00 0.00 0.00 R-II 07384MBH4 SEN 7.~~99237~~99957% 0.00 06,178.0094 0.00 B-1 07384MBJ0 SUB 5.~~80021~~69563% 4,~~765~~757,~~749~~560.9891 22,~~715~~344.6195 813,~~189~~325.0721 B-2 07384MBK7 SUB 5.~~80021~~69563% 2,~~118~~114,~~561~~920.0367 109,~~097~~933.9720 35,~~640~~923.3657 B-3 07384MBL5 SUB 5.~~80021~~69563% 1,~~765~~762,~~114~~080.0199 8,~~413~~276.2901 34,~~033~~935.0332 B-4 07384MBM3 SUB 5.~~80021~~69563% 1,~~412~~409,~~245~~818.4778 6,~~731~~621.3753 23,~~426~~948.69 B-5 07384MBN1 SUB 5.~~80021~~69563% 1,~~058~~057,~~991~~171.2859 54,~~047~~965.6124 12,~~819~~960.6898 B-6 07384MBP6 SUB 5.~~80021~~69563% 1,~~048~~046,~~630~~828.0416 4,~~998~~916.2266 12,~~801~~932.8801 Totals 8073,~~307~~542,~~194~~041.7228 ~~364~~330,~~881~~389.9178 63,~~765~~894,~~153~~336.4456

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 1716,~~522~~416,~~275~~434.6346 ~~859~~1,~~027~~166,145.4850 0.00 A-2 0.00 8,~~434~~074,~~644~~210.7634 ~~322~~389,~~322~~978.9013 0.00 A-3 0.00 1211,~~119~~735,~~959~~432.9337 1431,~~388,111~~091.2231 0.00 A-4 0.00 6,~~986~~684,~~135~~081.2865 ~~894~~341,~~407~~186.1134 0.00 A-5 0.00 87,~~374~~475,~~154~~414.6635 ~~847~~946,~~100~~133.4219 0.00 A-6 0.00 7,~~956~~147,~~489~~776.9222 2852,~~740,151~~929.4456 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 06,178.0094 0.00 B-1 0.00 4,~~757~~744,~~560~~235.9170 3035,~~904~~670.6816 0.00 B-2 0.00 2,~~114~~108,~~920~~997.6709 1315,~~738~~856.3377 0.00 B-3 0.00 1,~~762~~757,~~080~~145.9966 1113,~~446~~211.3233 0.00 B-4 0.00 1,~~409~~405,~~818~~870.7809 910,~~158~~570.0622 0.00 B-5 0.00 1,~~057~~054,~~171~~210.5962 67,~~867~~926.2922 0.00 B-6 0.00 1,~~046~~043,~~828~~896.1615 67,~~800~~848.1067 188,152.74 Totals 0.00 7369,~~542~~647,~~041~~704.2870 74,~~130~~224,~~035~~726.3534 188,152.74 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 44,424,300.00 1817,~~316~~522,~~404~~275.9963 55,~~136~~082.8461 ~~738~~1,~~992~~050,758.5256 0.00 0.00 A-2 50,477,200.00 8,~~724~~434,~~699~~644.6476 1213,~~905~~001.9958 ~~277~~347,~~148~~432.8984 0.00 0.00 A-3 71,037,800.00 1312,~~451~~119,~~802~~959.0193 2423,~~399~~129.4506 1361,~~307,442~~398.6449 0.00 0.00 A-4 73,898,400.00 76,~~837~~986,~~692~~135.0528 1210,~~233~~279.6058 ~~839~~291,~~323~~774.1704 0.00 0.00 A-5 55,630,500.00 98,~~169~~374,~~547~~154.8866 10,~~833~~016.6252 ~~784~~888,~~559~~723.5980 0.00 0.00 A-6 57,892,900.00 107,~~637~~956,~~756~~489.3492 1613,~~743~~058.7927 2795,~~664,522~~655.6343 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 4,943,100.00 4,~~765~~757,~~749~~560.9891 8,~~189~~354.0726 04,970.0095 0.00 0.00 B-2 2,197,400.00 2,~~118~~114,~~561~~920.0367 3,~~640~~713.3679 02,209.0078 0.00 0.00 B-3 1,830,800.00 1,~~765~~762,~~114~~080.0199 3,~~033~~094.0321 01,841.0012 0.00 0.00 B-4 1,464,800.00 1,~~412~~409,~~245~~818.4778 2,~~426~~475.6964 01,473.0005 0.00 0.00 B-5 1,098,400.00 1,~~058~~057,~~991~~171.2859 1,~~819~~856.6839 01,104.0059 0.00 0.00 B-6 1,281,973.98 1,~~048~~046,~~630~~828.0416 1,~~801~~838.8823 01,093.0078 0.00 0.00 Totals 366,177,673.98 8073,~~307~~542,~~194~~041.7228 ~~153~~145,~~164~~900.0014 63,~~611~~748,~~989~~436.4443 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 ~~794~~1,~~129~~105,841.36 17 16,~~522~~416,~~275~~434.6346 0.~~39442998~~36953727 ~~794~~1,~~129~~105,841.3617 A-2 ~~290~~360,~~054~~434.8842 8,~~434~~074,~~644~~210.7634 0.~~16709811~~15995757 ~~290~~360,~~054~~434.8842 A-3 1384,~~331,842~~527.0955 1211,~~119~~735,~~959~~432.9337 0.~~17061283~~16519983 1384,~~331,842~~527.0955 A-4 ~~851~~302,~~556~~053.7762 6,~~986~~684,~~135~~081.2865 0.~~09453703~~09044961 ~~851~~302,~~556~~053.7762 A-5 ~~795~~898,~~393~~740.2132 87,~~374~~475,~~154~~414.6635 0.~~15053172~~13437618 ~~795~~898,~~393~~740.2132 A-6 2808,~~681,266~~713.4270 7,~~956~~147,~~489~~776.9222 0.~~13743464~~12346551 2808,~~681,266~~713.4270 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 813,~~189~~325.0721 4,~~757~~744,~~560~~235.9170 0.~~96246503~~95976931 813,~~189~~325.0721 B-2 35,~~640~~923.3657 2,~~114~~108,~~920~~997.6709 0.~~96246504~~95976931 35,~~640~~923.3657 B-3 34,~~033~~935.0332 1,~~762~~757,~~080~~145.9966 0.~~96246504~~95976931 34,~~033~~935.0332 B-4 23,~~426~~948.69 1,~~409~~405,~~818~~870.7809 0.~~96246503~~95976931 23,~~426~~948.69 B-5 12,~~819~~960.6898 1,~~057~~054,~~171~~210.5962 0.~~96246503~~95976932 12,~~819~~960.6898 B-6 12,~~801~~932.8801 1,~~046~~043,~~828~~896.1615 0.~~81657520~~81428809 12,~~801~~932.8801 Totals 63,~~765~~894,~~153~~336.4456 7369,~~542~~647,~~041~~704.2870 0.~~20083704~~19020194 63,~~765~~894,~~153~~336.4456

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 44,424,300.00 ~~412~~394.~~30598996~~42997706 1.~~24114145~~23992072 1623.~~63487146~~65278823 0.00000000 A-2 50,477,200.00 ~~172~~167.~~84436617~~09811083 0.~~25567959~~25757332 56.~~49057575~~88296577 0.00000000 A-3 71,037,800.00 ~~189~~170.~~36118531~~61282768 0.~~34347136~~32558807 185.~~40488641~~08741107 0.00000000 A-4 73,898,400.00 ~~106~~94.~~06037546~~53703030 0.~~16554621~~13910423 113.~~35779895~~94831336 0.00000000 A-5 55,630,500.00 ~~164~~150.~~82950684~~53171659 0.~~19474245~~18005447 1415.~~10304761~~97547748 0.00000000 A-6 57,892,900.00 ~~183~~137.~~74889391~~43464086 0.~~28922009~~22555909 4613.~~02503295~~74357529 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 4,943,100.00 ~~964~~962.~~12170096~~46503409 1.~~65666687~~69008517 01.~~00000000~~00563412 0.00000000 B-2 2,197,400.00 ~~964~~962.~~12170292~~46503595 1.~~65666697~~69008374 01.~~00000000~~00563393 0.00000000 B-3 1,830,800.00 ~~964~~962.~~12170090~~46503714 1.~~65666922~~69008630 01.~~00000000~~00563688 0.00000000 B-4 1,464,800.00 ~~964~~962.~~12170262~~46503277 1.~~65666985~~69008738 01.~~00000000~~00563217 0.00000000 B-5 1,098,400.00 ~~964~~962.~~12170430~~46503095 1.~~65666424~~69008558 01.~~00000000~~00563547 0.00000000 B-6 1,281,973.98 ~~817~~816.~~98075184~~57520069 1.~~40555115~~43390586 0.~~00000000~~85319984 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 A-1 0.00000000 1724.~~87601290~~89270895 ~~394~~369.~~42997706~~53726812 0.~~39442998~~36953727 1724.~~87601290~~89270895 A-2 0.00000000 57.~~74625534~~14053909 ~~167~~159.~~09811083~~95757174 0.~~16709811~~15995757 57.~~74625534~~14053909 A-3 0.00000000 185.~~74835778~~41299914 ~~170~~165.~~61282768~~19982840 0.~~17061283~~16519983 185.~~74835778~~41299914 A-4 0.00000000 114.~~52334516~~08741759 9490.~~53703030~~44961258 0.~~09453703~~09044961 114.~~52334516~~08741759 A-5 0.00000000 1416.~~29779006~~15553195 ~~150~~134.~~53171659~~37618483 0.~~15053172~~13437618 1416.~~29779006~~15553195 A-6 0.00000000 4613.~~31425304~~96913438 ~~137~~123.~~43464086~~46550648 0.~~13743464~~12346551 4613.~~31425304~~96913438 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 12.~~65666687~~69571929 ~~962~~959.~~46503409~~76931480 0.~~96246503~~95976931 12.~~65666687~~69571929 B-2 0.00000000 12.~~65666697~~69571767 ~~962~~959.~~46503595~~76931373 0.~~96246504~~95976931 12.~~65666697~~69571767 B-3 0.00000000 12.~~65666922~~69571772 ~~962~~959.~~46503714~~76931396 0.~~96246504~~95976931 12.~~65666922~~69571772 B-4 0.00000000 12.~~65666985~~69571955 ~~962~~959.~~46503277~~76931322 0.~~96246503~~95976931 12.~~65666985~~69571955 B-5 0.00000000 12.~~65666424~~69572105 ~~962~~959.~~46503095~~76931901 0.~~96246503~~95976932 12.~~65666424~~69572105 B-6 0.00000000 12.~~40555115~~28710570 ~~816~~814.~~57520069~~28809499 0.~~81657520~~81428809 12.~~40555115~~28710570 (3) Amount Does Not Include Excess Special Hazard, ~~Bankruptcy~~Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 44,424,300.00 4.~~31164~~17354% 1817,~~316~~522,~~404~~275.9963 6560,~~811~~941.4457 0.00 0.00 A-2 50,477,200.00 4.~~50062~~24761% 8,~~724~~434,~~699~~644.6476 3229,~~722~~855.1390 0.00 0.00 A-3 71,037,800.00 54.~~09026~~65901% 1312,~~451~~119,~~802~~959.0193 5747,~~061~~055.0180 0.00 0.00 A-4 73,898,400.00 6.~~65299~~79281% 76,~~837~~986,~~692~~135.0528 4339,~~453~~546.3824 0.00 0.00 A-5 55,630,500.00 6.~~86205~~86307% 98,~~169~~374,~~547~~154.8866 5247,~~434~~893.9067 0.00 0.00 A-6 57,892,900.00 6.~~73605~~73912% 107,~~637~~956,~~756~~489.3492 5944,~~713~~683.7109 0.00 0.00 R-I 50.00 7.~~99237~~99957% 0.00 0.00 0.00 0.00 R-II 50.00 7.~~99237~~99957% 0.00 0.00 0.00 0.00 B-1 4,943,100.00 5.~~80021~~69563% 4,~~765~~757,~~749~~560.9891 2322,~~035~~581.2907 0.00 0.00 B-2 2,197,400.00 5.~~80021~~69563% 2,~~118~~114,~~561~~920.0367 10,~~240~~038.0816 0.00 0.00 B-3 1,830,800.00 5.~~80021~~69563% 1,~~765~~762,~~114~~080.0199 8,~~531~~363.6946 0.00 0.00 B-4 1,464,800.00 5.~~80021~~69563% 1,~~412~~409,~~245~~818.4778 6,~~826~~691.1050 0.00 0.00 B-5 1,098,400.00 5.~~80021~~69563% 1,~~058~~057,~~991~~171.2859 5,~~118~~017.6471 0.00 0.00 B-6 1,281,973.98 5.~~80021~~69563% 1,~~048~~046,~~630~~828.0416 54,~~068~~968.5662 0.00 0.00 Totals 366,177,673.98 ~~370~~327,~~016~~636.9379 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 ~~913~~637.3224 0.00 6460,~~898~~304.1233 0.00 1716,~~522~~416,~~275~~434.6346 A-2 ~~454~~312.1119 0.00 3229,~~268~~543.0271 0.00 8,~~434~~074,~~644~~210.7634 A-3 ~~791~~492.8804 0.00 5646,~~269~~563.1376 0.00 1211,~~119~~735,~~959~~432.9337 A-4 ~~603~~413.0452 0.00 4239,~~850~~132.3472 0.00 6,~~986~~684,~~135~~081.2865 A-5 ~~727~~500.6880 0.00 5147,~~707~~392.2187 0.00 87,~~374~~475,~~154~~414.6635 A-6 ~~828~~467.7023 0.00 5844,~~885~~215.0286 0.00 7,~~956~~147,~~489~~776.9222 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 06,178.0094 0.00 0.00 B-1 ~~319~~236.6812 0.00 22,~~715~~344.6195 0.00 4,~~757~~744,~~560~~235.9170 B-2 ~~142~~104.1197 0.00 109,~~097~~933.9720 0.00 2,~~114~~108,~~920~~997.6709 B-3 ~~118~~87.4045 0.00 8,~~413~~276.2901 0.00 1,~~762~~757,~~080~~145.9966 B-4 9469.7397 0.00 6,~~731~~621.3753 0.00 1,~~409~~405,~~818~~870.7809 B-5 7152.0447 0.00 54,~~047~~965.6124 0.00 1,~~057~~054,~~171~~210.5962 B-6 7051.3495 0.00 4,~~998~~916.2266 0.00 1,~~046~~043,~~828~~896.1615 Totals 53,~~135~~425.0395 0.00 ~~364~~330,~~881~~389.9178 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankruptcy~~Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 44,424,300.00 4.~~31164~~17354% ~~412~~394.~~30598996~~42997706 1.~~48142886~~37180710 0.00000000 0.00000000 A-2 50,477,200.00 4.~~50062~~24761% ~~172~~167.~~84436617~~09811083 0.~~64825565~~59147298 0.00000000 0.00000000 A-3 71,037,800.00 54.~~09026~~65901% ~~189~~170.~~36118531~~61282768 0.~~80324855~~66240509 0.00000000 0.00000000 A-4 73,898,400.00 6.~~65299~~79281% ~~106~~94.~~06037546~~53703030 0.~~58801517~~53514339 0.00000000 0.00000000 A-5 55,630,500.00 6.~~86205~~86307% ~~164~~150.~~82950684~~53171659 0.~~94255669~~86092467 0.00000000 0.00000000 A-6 57,892,900.00 6.~~73605~~73912% ~~183~~137.~~74889391~~43464086 10.~~03145135~~77182332 0.00000000 0.00000000 R-I 50.00 7.~~99237~~99957% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.~~99237~~99957% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,943,100.00 5.~~80021~~69563% ~~964~~962.~~12170096~~46503409 4.~~66008982~~56820012 0.00000000 0.00000000 B-2 2,197,400.00 5.~~80021~~69563% ~~964~~962.~~12170292~~46503595 4.~~66008920~~56819878 0.00000000 0.00000000 B-3 1,830,800.00 5.~~80021~~69563% ~~964~~962.~~12170090~~46503714 4.~~66008849~~56819969 0.00000000 0.00000000 B-4 1,464,800.00 5.~~80021~~69563% ~~964~~962.~~12170262~~46503277 4.~~66009011~~56820044 0.00000000 0.00000000 B-5 1,098,400.00 5.~~80021~~69563% ~~964~~962.~~12170430~~46503095 4.~~66008740~~56819920 0.00000000 0.00000000 B-6 1,281,973.98 5.~~80021~~69563% ~~817~~816.~~98075184~~57520069 3.~~95371519~~87575729 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 A-1 0.~~02055902~~01434440 0.00000000 1.~~46086984~~35746269 0.00000000 ~~394~~369.~~42997706~~53726812 A-2 0.~~00899634~~00618477 0.00000000 0.~~63925931~~58528821 0.00000000 ~~167~~159.~~09811083~~95757174 A-3 0.~~01114730~~00692645 0.00000000 0.~~79210125~~65547863 0.00000000 ~~170~~165.~~61282768~~19982840 A-4 0.~~00816039~~00559579 0.00000000 0.~~57985477~~52954760 0.00000000 9490.~~53703030~~44961258 A-5 0.~~01308059~~00900226 0.00000000 0.~~92947592~~85192242 0.00000000 ~~150~~134.~~53171659~~37618483 A-6 0.~~01431436~~00807059 0.00000000 10.~~01713716~~76375272 0.00000000 ~~137~~123.~~43464086~~46550648 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0123578.~~00000000~~80000000 0.00000000 0.00000000 B-1 0.~~06467197~~04776760 0.00000000 4.~~59541786~~52043252 0.00000000 ~~962~~959.~~46503409~~76931480 B-2 0.~~06467188~~04777009 0.00000000 4.~~59541731~~52043324 0.00000000 ~~962~~959.~~46503595~~76931373 B-3 0.~~06467118~~04776600 0.00000000 4.~~59541730~~52043369 0.00000000 ~~962~~959.~~46503714~~76931396 B-4 0.~~06467094~~04776761 0.00000000 4.~~59541917~~52043282 0.00000000 ~~962~~959.~~46503277~~76931322 B-5 0.~~06467589~~04776948 0.00000000 4.~~59542061~~52042972 0.00000000 ~~962~~959.~~46503095~~76931901 B-6 0.~~05486851~~04052344 0.00000000 3.~~89884668~~83522605 0.00000000 ~~816~~814.~~57520069~~28809499 (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 74,~~113~~242,~~959~~410.5613 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3734,~~923~~234.3631 Realized ~~Losses~~Loss 0(Gains, Subsequent Expenses & Recoveries) 6,178.0094 Prepayment Penalties 0.00 Total Deposits 74,~~151~~282,~~882~~823.9238 Withdrawals Reimbursement for Servicer Advances 037,923.0036 Payment of Service Fee 2120,~~847~~173.5768 Payment of Interest and Principal 74,~~130~~224,~~035~~726.3534 Total Withdrawals (Pool Distribution Amount) 74,~~151~~282,~~882~~823.9238 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1311,~~864~~595.0887 Servicing Fee Support 8,~~729~~169.0891 Non-Supported Prepayment/Curtailment Interest Shortfall 53,~~135~~425.0096

SERVICING FEES Gross Servicing Fee 2422,~~864~~865.0063 Master Servicing Fee 1,~~338~~225.4973 PMI Policy Payment 4,~~374~~252.1623 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 8,~~729~~169.0891 Net Servicing Fee 2120,~~847~~173.5768

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 32 01 0 3 ~~485~~177,~~142~~034.0460 0462,955.0094 0.00 ~~485~~639,~~142~~990.0454 30 Days 2215 1 0 0 2316 21,~~946~~692,~~358~~334.7721 87,~~655~~505.3870 0.00 0.00 31,~~034~~779,~~014~~839.1591 60 Days 49 0 01 0 410 ~~563~~1,~~652~~048,919.1750 0.00 0209,207.0016 0.00 ~~563~~1,~~652~~258,126.1766 90 Days 1 0 0 0 1 ~~518~~303,~~270~~906.6813 0.00 0.00 0.00 ~~518~~303,~~270~~906.6813 120 Days 1 0 0 0 1 ~~467~~518,~~211~~270.2368 0.00 0.00 0.00 ~~467~~518,~~211~~270.2368 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 21 1 21 2 75 ~~310~~254,~~783~~131.1627 273,112.02 ~~296~~56,~~986~~651.3189 318,496.63 1902,~~199,378~~391.1281 Totals 3027 54 23 2 3936 43,~~806~~817,~~276~~561.0179 ~~845~~537,~~909~~652.4432 ~~296~~728,~~986~~814.3199 318,496.63 65,~~267~~402,~~668~~525.3973 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.~~705882~~490196% 0.~~000000~~245098% 0.000000% 0.~~705882~~735294% 0.~~658305~~253665% 0.~~000000~~663350% 0.000000% 0.~~658305~~917016% 30 Days 53.~~176471~~676471% 0.~~235294~~245098% 0.000000% 0.000000% 53.~~411765~~921569% 32.~~998011~~424875% 0.~~118942~~125383% 0.000000% 0.000000% 42.~~116953~~550258% 60 Days 02.~~941176~~205882% 0.000000% 0.~~000000~~245098% 0.000000% 02.~~941176~~450980% 01.~~764838~~502953% 0.000000% 0.~~000000~~299764% 0.000000% 01.~~764838~~802717% 90 Days 0.~~235294~~245098% 0.000000% 0.000000% 0.000000% 0.~~235294~~245098% 0.~~703258~~435454% 0.000000% 0.000000% 0.000000% 0.~~703258~~435454% 120 Days 0.~~235294~~245098% 0.000000% 0.000000% 0.000000% 0.~~235294~~245098% 0.~~633974~~742608% 0.000000% 0.000000% 0.000000% 0.~~633974~~742608% 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.~~470588~~245098% 0.~~235294~~245098% 0.~~470588~~245098% 0.~~470588~~490196% 1.~~647059~~225490% 0.~~421712~~364134% 0.~~370595~~391331% 0.~~402990~~081174% 0.~~432178~~456361% 1.~~627475~~293000% Totals 76.~~058824~~617647% 10.~~176471~~980392% 0.~~470588~~735294% 0.~~470588~~490196% 98.~~176471~~823529% 65.~~521793~~470025% 10.~~147842~~770380% 01.~~402990~~044289% 0.~~432178~~456361% 87.~~504804~~741054%

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 125 1 0 0 136 1557,~~448,346~~412.4287 87,~~655~~505.3870 0.00 0.00 1644,~~536,001~~918.8057 60 Days 25 0 0 0 25 ~~156~~407,~~570~~142.0824 0.00 0.00 0.00 ~~156~~407,~~570~~142.0824 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 0 0 1 0 1 ~~56,651.89~~ 0.00 0.00 56,651.89 0.00 56,651.89 Totals 1510 1 01 0 1612 1964,~~661,568~~555.3911 87,~~655~~505.3870 056,651.0089 0.00 1,~~749~~108,~~223~~712.7770 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 73.~~500000~~225806% 0.~~625000~~645161% 0.000000% 0.000000% 83.~~125000~~870968% 73.~~585248~~099785% 0.~~459067~~486621% 0.000000% 0.000000% 83.~~044315~~586406% 60 Days 13.~~250000~~225806% 0.000000% 0.000000% 0.000000% 13.~~250000~~225806% 02.~~819985~~264127% 0.000000% 0.000000% 0.000000% 02.~~819985~~264127% 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.~~625000~~000000% 0.000000% 0.~~000000~~645161% 0.000000% 0.~~625000~~645161% 0.~~296696~~000000% 0.000000% 0.~~000000~~315042% 0.000000% 0.~~296696~~315042% Totals 96.~~375000~~451613% 0.~~625000~~645161% 0.~~000000~~645161% 0.000000% 107.~~000000~~741935% 85.~~701930~~363912% 0.~~459067~~486621% 0.~~000000~~315042% 0.000000% 96.~~160996~~165575% 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 14 0 0 0 14 48477,~~282~~647.5022 0.00 0.00 0.00 48477,~~282~~647.5022 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 2 2 0.00 0.00 0.00 318,496.63 318,496.63 Totals 14 0 0 2 36 48477,~~282~~647.5022 0.00 0.00 318,496.63 ~~366~~796,~~779~~143.1385 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 15.~~265823~~194805% 0.000000% 0.000000% 0.000000% 15.~~265823~~194805% 04.~~472402~~851664% 0.000000% 0.000000% 0.000000% 04.~~472402~~851664% 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% 2.~~531646~~597403% 2.~~531646~~597403% 0.000000% 0.000000% 0.000000% 3.~~116213~~235104% 3.~~116213~~235104% Totals 15.~~265823~~194805% 0.000000% 0.000000% 2.~~531646~~597403% 37.~~797468~~792208% 04.~~472402~~851664% 0.000000% 0.000000% 3.~~116213~~235104% 38.~~588615~~086769% 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 2 01 0 23 177,~~596~~034.8160 0462,955.0094 0.00 ~~177~~639,~~596~~990.8154 30 Days 4 0 0 0 4 ~~383~~296,~~540~~991.7731 0.00 0.00 0.00 ~~383~~296,~~540~~991.7731 60 Days 02 0 01 0 03 0199,532.0029 0.00 0209,207.0016 0.00 0408,739.0045 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 10 0 0 0 10 ~~467,211~~0.2300 0.00 0.00 0.00 ~~467,211~~0.2300 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 20 0 20 0.00 0.00 ~~296,986~~0.3100 0.00 ~~296,986~~0.3100 Totals 56 2 2 0 910 ~~850~~496,~~752~~523.0060 177,~~596~~034.8160 ~~296~~672,~~986~~163.3110 0.00 1,~~325~~345,~~335~~721.1230 0-29 Days 2.~~898551~~985075% 01.~~000000~~492537% 0.000000% 24.~~898551~~477612% 1.~~229409~~260184% 03.~~000000~~295454% 0.000000% 14.~~229409~~555638% 30 Days 5.~~797101~~970149% 0.000000% 0.000000% 0.000000% 5.~~797101~~970149% 2.~~655051~~114070% 0.000000% 0.000000% 0.000000% 2.~~655051~~114070% 60 Days 02.~~000000~~985075% 0.000000% 01.~~000000~~492537% 0.000000% 04.~~000000~~477612% 01.~~000000~~420329% 0.000000% 01.~~000000~~489197% 0.000000% 02.~~000000~~909526% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 10.~~449275~~000000% 0.000000% 0.000000% 0.000000% 10.~~449275~~000000% 30.~~234257~~000000% 0.000000% 0.000000% 0.000000% 30.~~234257~~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% 20.~~898551~~000000% 0.000000% 20.~~898551~~000000% 0.000000% 0.000000% 20.~~055880~~000000% 0.000000% 20.~~055880~~000000% Totals 78.~~246377~~955224% 2.~~898551~~985075% 2.~~898551~~985075% 0.000000% 1314.~~043478~~925373% 53.~~889308~~534399% 1.~~229409~~260184% 24.~~055880~~784652% 0.000000% 9.~~174598~~579234% 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 21 0 0 0 21 ~~296~~272,~~767~~175.38 0.00 0.00 0.00 ~~296~~272,~~767~~175.38 60 Days 10 0 0 0 10 ~~303,906~~0.1300 0.00 0.00 0.00 ~~303,906~~0.1300 90 Days 1 0 0 0 1 ~~518~~303,~~270~~906.6813 0.00 0.00 0.00 ~~518~~303,~~270~~906.6813 120 Days 01 0 0 0 01 0518,270.0068 0.00 0.00 0.00 0518,270.0068 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 1 0 0 1 0.00 273,112.02 0.00 0.00 273,112.02 Totals 43 1 0 0 54 1,~~118~~094,~~944~~352.19 273,112.02 0.00 0.00 1,~~392~~367,~~056~~464.21 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 63.~~060606~~125000% 0.000000% 0.000000% 0.000000% 63.~~060606~~125000% 32.~~092762~~929740% 0.000000% 0.000000% 0.000000% 32.~~092762~~929740% 60 Days 30.~~030303~~000000% 0.000000% 0.000000% 0.000000% 30.~~030303~~000000% 30.~~167158~~000000% 0.000000% 0.000000% 0.000000% 30.~~167158~~000000% 90 Days 3.~~030303~~125000% 0.000000% 0.000000% 0.000000% 3.~~030303~~125000% 53.~~401159~~271294% 0.000000% 0.000000% 0.000000% 53.~~401159~~271294% 120 Days 03.~~000000~~125000% 0.000000% 0.000000% 0.000000% 03.~~000000~~125000% 05.~~000000~~578749% 0.000000% 0.000000% 0.000000% 05.~~000000~~578749% 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% 3.~~030303~~125000% 0.000000% 0.000000% 3.~~030303~~125000% 0.000000% 2.~~846238~~939822% 0.000000% 0.000000% 2.~~846238~~939822% Totals 129.~~121212~~375000% 3.~~030303~~125000% 0.000000% 0.000000% 1512.~~151515~~500000% 11.~~661079~~779783% 2.~~846238~~939822% 0.000000% 0.000000% 14.~~507317~~719604% 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 10 0 0 10 ~~307,545~~0.2300 0.00 0.00 ~~307,545~~0.2300 30 Days 10 0 0 0 10 ~~339,237~~0.4600 0.00 0.00 0.00 ~~339,237~~0.4600 60 Days 01 0 0 0 01 0339,237.0046 0.00 0.00 0.00 0339,237.0046 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 10 0 0 21 339,237.46 ~~307,545~~0.2300 0.00 0.00 ~~646~~339,~~782~~237.6946 0-29 Days 20.~~702703~~000000% 0.000000% 0.000000% 20.~~702703~~000000% 20.~~973368~~000000% 0.000000% 0.000000% 20.~~973368~~000000% 30 Days 20.~~702703~~000000% 0.000000% 0.000000% 0.000000% 20.~~702703~~000000% 30.~~279771~~000000% 0.000000% 0.000000% 0.000000% 30.~~279771~~000000% 60 Days 02.~~000000~~941176% 0.000000% 0.000000% 0.000000% 02.~~000000~~941176% 03.~~000000~~592923% 0.000000% 0.000000% 0.000000% 03.~~000000~~592923% 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.~~702703~~941176% 20.~~702703~~000000% 0.000000% 0.000000% 52.~~405405~~941176% 3.~~279771~~592923% 20.~~973368~~000000% 0.000000% 0.000000% 63.~~253139~~592923% 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 21 0 0 0 21 ~~430~~88,~~184~~107.2443 0.00 0.00 0.00 ~~430~~88,~~184~~107.2443 60 Days 1 0 0 0 1 103,~~175~~007.9651 0.00 0.00 0.00 103,~~175~~007.9651 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 0 0 0 1 254,131.27 0.00 0.00 0.00 254,131.27 Totals 43 0 0 0 43 ~~787~~445,~~491~~246.4721 0.00 0.00 0.00 ~~787~~445,~~491~~246.4721 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 42.~~255319~~325581% 0.000000% 0.000000% 0.000000% 42.~~255319~~325581% 40.~~303495~~959461% 0.000000% 0.000000% 0.000000% 40.~~303495~~959461% 60 Days 2.~~127660~~325581% 0.000000% 0.000000% 0.000000% 2.~~127660~~325581% 1.~~032156~~121718% 0.000000% 0.000000% 0.000000% 1.~~032156~~121718% 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 2.~~127660~~325581% 0.000000% 0.000000% 0.000000% 2.~~127660~~325581% 2.~~542289~~767405% 0.000000% 0.000000% 0.000000% 2.~~542289~~767405% Totals 86.~~510638~~976744% 0.000000% 0.000000% 0.000000% 86.~~510638~~976744% 74.~~877939~~848583% 0.000000% 0.000000% 0.000000% 74.~~877939~~848583%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3734,~~923~~234.3631

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 65.~~002423~~808602% Weighted Average Net Coupon 5.~~630890~~435499% Weighted Average Pass-Through Rate 5.~~545528~~346114% Weighted Average Maturity(Stepdown Calculation ) ~~300~~299 Beginning Scheduled Collateral Loan Count ~~449~~425 Number Of Loans Paid In Full 2417 Ending Scheduled Collateral Loan Count ~~425~~408 Beginning Scheduled Collateral Balance 8073,~~307~~542,~~194~~041.7228 Ending Scheduled Collateral Balance 7369,~~542~~647,~~041~~704.2872 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 7369,~~695~~790,~~621~~573.2378 Monthly P &I Constant ~~554~~501,~~862~~880.1352 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0(6,178.0094) Cumulative Realized Loss ~~182~~176,~~388~~209.4147 Ending Scheduled Balance for Premium Loans 7369,~~542~~647,~~041~~704.2872 Scheduled Principal ~~153~~145,~~164~~900.0013 Unscheduled Principal 63,~~611~~748,~~989~~436.4443

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~788195~~653085 5.~~395620~~142609 5.~~546460~~032006 Weighted Average Net Rate 4.~~331641~~193538 54.~~020619~~767611 54.~~194427~~679005 Pass-Through Rate 4.173537 4.247609 4.659006 Weighted Average Maturity ~~232~~231 ~~315~~314 ~~294~~293 Beginning Loan Count ~~164~~160 8079 7669 Loans Paid In Full 45 12 72 Ending Loan Count ~~160~~155 7977 6967 Beginning Scheduled Balance 19,~~832~~034,~~740~~046.3646 10,~~498~~205,~~007~~329.8884 1514,~~748~~412,~~457~~449.2034 Ending scheduled Balance 1917,~~034~~923,~~046~~452.4692 109,~~205~~829,~~329~~472.8473 14,~~412~~023,~~449~~546.3493 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~138~~133,~~837~~640.2385 6259,~~731~~466.8702 ~~101~~87,~~355~~940.3820 Scheduled Principal 59,~~701~~834.3898 15,~~529~~731.1500 2827,~~565~~503.2292 Unscheduled Principal ~~738~~1,~~992~~050,758.5256 ~~277~~360,~~148~~126.8911 1361,~~307,442~~398.6449 Scheduled Interest 7973,~~135~~805.8587 4743,~~202~~735.7202 7260,~~790~~436.1628 Servicing Fees 7,~~545~~289.5921 3,~~280~~189.6415 4,~~619~~239.9868 Master Servicing Fees ~~330~~317.5825 ~~174~~170.9411 ~~262~~240.5020 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 4,~~374~~252.1623 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 7166,~~259~~199.6841 3936,~~372~~123.9853 6755,~~907~~956.6840 Realized Loss Amount 0.00 0(6,178.0094) 0.00 Cumulative Realized Loss 0.00 (511,~~765~~944.5145) 186,807.01 Percentage of Cumulative Losses 0.00 (511,~~765~~944.5145) 186,807.01 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 ~~Pass-Through Rate 4.311639 4.500620 5.174429~~

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~008222~~140565 7.~~199667~~202345 7.~~093103~~093698 Weighted Average Net Rate 6.~~672988~~812814 6.~~882047~~883070 6.~~756049~~759117 Pass-Through Rate 6.792809 6.863070 6.739117 Weighted Average Maturity ~~329~~328 ~~318~~317 ~~290~~289 Beginning Loan Count 3633 4037 5347 Loans Paid In Full 31 3 64 Ending Loan Count 3332 3734 4743 Beginning Scheduled Balance 109,~~433~~578,~~933~~324.3822 1110,~~131~~334,~~975~~264.8608 129,~~662~~977,~~080~~627.0434 Ending scheduled Balance 9,~~578~~272,~~324~~456.2238 109,~~334~~433,~~264~~179.0823 9,~~977~~165,~~627~~596.3453 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 7771,~~222~~089.0934 7974,~~940~~386.9683 9475,~~774~~357.6028 Scheduled Principal 1614,~~285~~093.9980 1312,~~152~~361.1905 1916,~~930~~375.0738 Unscheduled Principal ~~839~~291,~~323~~774.1704 ~~784~~888,~~559~~723.5980 2795,~~664,522~~655.6343 Scheduled Interest 6056,~~936~~995.1054 6662,~~788~~025.7778 7458,~~844~~981.5390 Servicing Fees 2,~~914~~616.8409 2,~~946~~749.4556 32,~~556~~781.5094 Master Servicing Fees ~~173~~159.9064 ~~185~~172.5523 ~~211~~166.0230 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 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 5754,~~847~~219.3681 6359,~~656~~103.7799 7156,~~077~~033.0166 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 1,346.91 0.00 Percentage of Cumulative Losses 0.00 1,346.91 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 ~~Pass-Through Rate 6.652986 6.862048 6.736049~~

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 65.~~002423~~808602 Weighted Average Net Rate 5.~~630890~~435499 Pass-Through Rate 5.346114 Weighted Average Maturity ~~300~~299.00 Record Date 0405/3031/2003 Principal And Interest Constant ~~554~~501,~~862~~880.1352 Beginning Loan Count ~~449~~425 Loans Paid In Full 2417 Ending Loan Count ~~425~~408 Beginning Scheduled Balance 8073,~~307~~542,~~194~~041.7228 Ending Scheduled Balance 7369,~~542~~647,~~041~~704.2872 Scheduled Principal ~~153~~145,~~164~~900.0013 Unscheduled Principal 63,~~611~~748,~~989~~436.4443 Scheduled Interest ~~401~~355,~~698~~980.1339 Servicing Fee 2422,~~864~~865.0063 Master Servicing Fee 1,~~338~~225.4973 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 4,~~374~~252.1623 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest ~~371~~327,~~121~~636.4880 Realized Loss Amount 0(6,178.0094) Cumulative Realized Loss ~~182~~176,~~388~~209.4147 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 ~~Pass-Through Rate 5.545528~~

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS-THROUGH CERT SER 2001-1