8-K 1 bst02005.txt AUGUST 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): August 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-06 90-0072867 Pooling and Servicing Agreement) (Commission 90-0072865 (State or other File Number) 90-0073141 jurisdiction 90-0073124 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-5 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 2002-5 Trust, relating to the August 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 2002-5 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: 9/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-5 Trust, relating to the August 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/25/03 BST Series: 2002-5 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 07384MKZ4 SEN 4.~~78422~~68119% 1817,~~802~~965,~~074~~861.4371 7468,~~792~~520.5431 ~~836~~613,~~212~~559.7251 II-A 07384MLA8 SEN 5.~~47390~~46875% 1310,~~950~~966,~~263~~112.4783 6348,~~492~~860.3122 23,~~984~~082,~~150~~158.6411 R-1 07384MLB6 RES 5.65566% 0.00 0.00 0.00 R-2 07384MLC4 RES 5.65566% 0.00 0.00 0.00 R-3 07384MLD2 RES 5.65566% 0.00 0.00 0.00 R-4 07384MLE0 RES 5.65566% 0.00 0.00 0.00 III-A 07384MLF7 SEN 6.~~29843~~29219% 75,~~119~~694,~~752~~686.7743 3729,~~285~~193.3752 1721,~~425,066~~216.3494 IV-A1 07384MLG5 SEN 5.~~52487~~51485% 6358,~~937~~688,~~678~~515.4662 ~~293~~263,~~711~~694.2369 57,~~249~~663,~~162~~009.8364 IV-A2 07384MLH3 SEN 5.~~31987~~30985% 2523,~~166~~100,~~958~~798.5470 ~~111~~99,~~320~~936.0542 23,~~066~~016,~~159~~291.8403 IV-A3 07384MMG4 SEN 5.~~21487~~20485% 1312,~~603~~486,~~761~~918.3722 5852,~~985~~951.3447 1,~~116~~630,~~843~~427.1658 IV-A4 07384MMH2 SEN 5.~~74487~~73485% 2725,~~547~~286,~~616~~009.7839 ~~131~~118,~~584~~145.8443 23,~~261~~301,~~607~~615.3986 IV-A5 07384MMJ8 SEN 5.~~74487~~73485% ~~359~~329,~~139~~654.3064 1,~~715~~540.4827 2943,~~484~~043.6629 IV-X 07384MLJ9 SEN 0.51078% 0.00 5549,~~471~~893.6108 0.00 V-A 07384MLK6 SEN 6.~~13509~~10841% 2118,~~491~~640,~~302~~854.3566 ~~109~~92,~~629~~770.0330 21,~~850~~214,~~447~~571.6984 VI-A 07384MLL4 SEN 6.~~02310~~01205% 9180,~~296~~305,~~111~~172.4843 ~~457~~393,~~207~~351.9676 1011,~~990~~213,~~939~~143.0534 VII-A 07384MLM2 SEN 6.~~69780~~74276% 5,~~945~~486,~~586~~684.6625 3330,~~110~~141.7234 ~~458~~2,~~902~~041,920.4012 B-1 07384MLN0 SUB 5.~~94213~~92764% 1211,~~238~~592,~~045~~857.6844 6055,~~463~~986.8495 ~~645~~765,~~188~~875.2569 B-2 07384MLP5 SUB 5.~~94213~~92764% 7,~~500~~105,~~754~~316.8701 3734,~~058~~314.5766 ~~395~~469,~~438~~408.8775 B-3 07384MLQ3 SUB 5.~~94213~~92764% 3,~~947~~739,~~653~~533.5070 1918,~~503~~059.9584 ~~208~~247,~~119~~050.8022 B-4 07384MLR1 SUB 5.~~94213~~92764% 1,~~973~~869,~~915~~851.5901 9,~~752~~030.4232 ~~104~~123,~~064~~530.5867 B-5 07384MLS9 SUB 5.~~94213~~92764% 1,~~974~~869,~~004~~935.4417 9,~~752~~030.8673 ~~104~~123,~~069~~536.2723 B-6 07384MLT7 SUB 5.~~94213~~92764% 1,~~974~~870,~~112~~037.9697 9,~~753~~031.3923 ~~104~~123,~~074~~543.9902 Totals ~~318~~286,~~828~~998,~~732~~800.6518 1,~~574~~384,~~591~~452.5154 3136,~~829~~393,~~932~~901.4884

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 17,~~965~~352,~~861~~302.7120 ~~911~~682,~~005~~079.2682 0.00 II-A 0.00 107,~~966~~883,~~112~~954.8372 3,~~047~~131,~~642~~018.9533 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 III-A 0.00 54,~~694~~973,~~686~~469.4348 1750,~~462,351~~410.7146 0.00 IV-A1 0.00 5851,~~688~~025,~~515~~505.6298 57,~~542~~926,~~874~~704.0633 0.00 IV-A2 0.00 2320,~~100~~084,~~798~~507.7067 23,~~177~~116,~~479~~227.8945 0.00 IV-A3 0.00 1210,~~486~~856,~~918~~490.2263 1,~~175~~683,~~828~~379.5005 0.00 IV-A4 0.00 2521,~~286~~984,~~009~~393.3953 23,~~393~~419,~~192~~761.2329 0.00 IV-A5 0.00 ~~329~~286,~~654~~611.6435 3144,~~200~~583.1456 0.00 IV-X 0.00 0.00 5549,~~471~~893.6108 0.00 V-A 0.00 1817,~~640~~426,~~854~~282.6682 21,~~960~~307,~~076~~342.7214 0.00 VI-A 0.00 8069,~~305~~092,~~172~~029.4309 11,~~448~~606,~~147~~495.0110 0.00 VII-A 0.00 53,~~486~~444,~~684~~764.2513 ~~492~~2,~~013~~072,061.1246 0.00 B-1 0.00 1110,~~592~~826,~~857~~981.4475 ~~705~~821,~~652~~862.0964 0.00 B-2 0.00 76,~~105~~635,~~316~~907.0125 ~~432~~503,~~497~~723.4441 0.00 B-3 0.00 3,~~739~~492,~~533~~483.7048 ~~227~~265,~~623~~110.7506 0.00 B-4 0.00 1,~~869~~746,~~851~~320.0134 ~~113~~132,~~817~~560.0099 0.00 B-5 0.00 1,~~869~~746,~~935~~398.1794 ~~113~~132,~~822~~566.1396 0.00 B-6 0.00 1,~~870~~746,~~037~~494.9795 ~~113~~132,~~828~~574.3825 0.00 Totals 0.00 ~~286~~250,~~998~~604,~~800~~898.1831 3337,~~404~~778,~~523~~354.9938 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 35,180,200.00 1817,~~802~~965,~~074~~861.4371 35,~~551~~312.6574 ~~800~~578,~~661~~246.0777 0.00 0.00 II-A 74,454,400.00 1310,~~950~~966,~~263~~112.4783 1612,~~396~~785.0364 23,~~967~~069,~~754~~372.6147 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 R-4 50.00 0.00 0.00 0.00 0.00 0.00 III-A 19,396,800.00 75,~~119~~694,~~752~~686.7743 86,~~244~~807.4078 1714,~~416,821~~409.9417 0.00 0.00 IV-A1 188,000,000.00 6358,~~937~~688,~~678~~515.46 62 57,~~655~~768.7792 57,~~186~~605,~~507~~240.0672 0.00 0.00 IV-A2 74,000,000.00 2523,~~166~~100,~~958~~798.5470 2422,~~662~~738.3883 2,~~041~~993,~~497~~552.4620 0.00 0.00 IV-A3 40,000,000.00 1312,~~603~~486,~~761~~918.3722 1312,~~331~~291.0226 1,~~103~~618,~~512~~136.1432 0.00 0.00 IV-A4 81,000,000.00 2725,~~547~~286,~~616~~009.7839 2624,~~995~~889.3180 23,~~234~~276,~~612~~726.0806 0.00 0.00 IV-A5 1,056,000.00 ~~359~~329,~~139~~654.3064 ~~351~~324.9449 2942,~~132~~718.7280 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 2118,~~491~~640,~~302~~854.3566 2320,~~997~~496.7696 21,~~826~~194,~~449~~074.9388 0.00 0.00 VI-A 248,618,300.00 9180,~~296~~305,~~111~~172.4843 6356,~~093~~069.1988 1011,~~927~~157,~~845~~073.8646 0.00 0.00 VII-A 13,632,100.00 5,~~945~~486,~~586~~684.6625 3,~~132~~141.0968 ~~455~~2,~~770~~038,778.3144 0.00 0.00 B-1 13,774,900.00 1211,~~238~~592,~~045~~857.6844 11,~~777~~239.6021 ~~633~~754,~~410~~636.6548 0.00 0.00 B-2 8,442,700.00 7,~~500~~105,~~754~~316.8701 76,~~218~~888.5556 ~~388~~462,~~220~~520.3219 0.00 0.00 B-3 4,443,400.00 3,~~947~~739,~~653~~533.5070 3,~~799~~625.1346 ~~204~~243,~~320~~424.6876 0.00 0.00 B-4 2,221,800.00 1,~~973~~869,~~915~~851.5901 1,~~899~~812.6581 ~~102~~121,~~164~~717.9486 0.00 0.00 B-5 2,221,900.00 1,~~974~~869,~~004~~935.4417 1,~~899~~812.7389 ~~102~~121,~~169~~723.5334 0.00 0.00 B-6 2,222,022.00 1,~~974~~870,~~112~~037.9697 1,~~899~~812.8499 ~~102~~121,~~175~~730.1503 0.00 0.00 Totals 888,703,522.00 ~~318~~286,~~828~~998,~~732~~800.6518 ~~306~~279,~~906~~819.0490 3136,~~523~~114,~~026~~081.4595 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 ~~836~~613,~~212~~559.7251 17,~~965~~352,~~861~~302.7120 0.~~51068106~~49324058 ~~836~~613,~~212~~559.7251 II-A 23,~~984~~082,~~150~~158.6411 107,~~966~~883,~~112~~954.8372 0.~~14728630~~10588971 23,~~984~~082,~~150~~158.6411 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 R-4 0.00 0.00 0.00000000 0.00 III-A 1721,~~425,066~~216.3494 54,~~694~~973,~~686~~469.4348 0.~~29358896~~25640670 1721,~~425,066~~216.3494 IV-A1 57,~~249~~663,~~162~~009.8364 5851,~~688~~025,~~515~~505.6298 0.~~31217296~~27141227 57,~~249~~663,~~162~~009.8364 IV-A2 23,~~066~~016,~~159~~291.8403 2320,~~100~~084,~~798~~507.7067 0.~~31217296~~27141227 23,~~066~~016,~~159~~291.8403 IV-A3 1,~~116~~630,~~843~~427.1658 1210,~~486~~856,~~918~~490.2263 0.~~31217296~~27141227 1,~~116~~630,~~843~~427.1658 IV-A4 23,~~261~~301,~~607~~615.3986 2521,~~286~~984,~~009~~393.3953 0.~~31217296~~27141227 23,~~261~~301,~~607~~615.3986 IV-A5 2943,~~484~~043.6629 ~~329~~286,~~654~~611.6435 0.~~31217295~~27141226 2943,~~484~~043.6629 IV-X 0.00 0.00 0.00000000 0.00 V-A 21,~~850~~214,~~447~~571.6984 1817,~~640~~426,~~854~~282.6682 0.~~23289773~~21772294 21,~~850~~214,~~447~~571.6984 VI-A 1011,~~990~~213,~~939~~143.0534 8069,~~305~~092,~~172~~029.4309 0.~~32300588~~27790404 1011,~~990~~213,~~939~~143.0534 VII-A ~~458~~2,~~902~~041,920.4012 53,~~486~~444,~~684~~764.2513 0.~~40248269~~25269505 ~~458~~2,~~902~~041,920.4012 B-1 ~~645~~765,~~188~~875.2569 1110,~~592~~826,~~857~~981.4475 0.~~84159286~~78599349 ~~645~~765,~~188~~875.2569 B-2 ~~395~~469,~~438~~408.8775 76,~~105~~635,~~316~~907.0125 0.~~84159286~~78599349 ~~395~~469,~~438~~408.8775 B-3 ~~208~~247,~~119~~050.8022 3,~~739~~492,~~533~~483.7048 0.~~84159286~~78599349 ~~208~~247,~~119~~050.8022 B-4 ~~104~~123,~~064~~530.5867 1,~~869~~746,~~851~~320.0134 0.~~84159286~~78599349 ~~104~~123,~~064~~530.5867 B-5 ~~104~~123,~~069~~536.2723 1,~~869~~746,~~935~~398.1794 0.~~84159286~~78599349 ~~104~~123,~~069~~536.2723 B-6 ~~104~~123,~~074~~543.9902 1,~~870~~746,~~037~~494.9795 0.~~84159291~~78599355 ~~104~~123,~~074~~543.9902 Totals 3136,~~829~~393,~~932~~901.4884 ~~286~~250,~~998~~604,~~800~~898.1831 0.~~32294100~~28198932 3136,~~829~~393,~~932~~901.4884

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 35,180,200.00 ~~534~~510.~~45047015~~68105667 1.~~01055850~~00376746 2216.~~75885498~~43671071 0.00000000 II-A 74,454,400.00 ~~187~~147.~~36654207~~28629644 0.~~22021573~~17172444 3941.~~86002990~~22486341 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 ~~367~~293.~~05811113~~58896467 0.~~42503918~~35097439 7336.~~04410728~~83129021 0.00000000 IV-A1 188,000,000.00 ~~340~~312.~~09403436~~17295543 0.~~33327537~~30728149 2740.~~58780351~~45340809 0.00000000 IV-A2 74,000,000.00 ~~340~~312.~~09403432~~17295541 0.~~33327541~~30728149 2740.~~58780351~~45340811 0.00000000 IV-A3 40,000,000.00 ~~340~~312.~~09403425~~17295550 0.~~33327550~~30728150 2740.~~58780350~~45340800 0.00000000 IV-A4 81,000,000.00 ~~340~~312.~~09403432~~17295543 0.~~33327543~~30728148 2740.~~58780346~~45340815 0.00000000 IV-A5 1,056,000.00 ~~340~~312.~~09403409~~17295455 0.~~33327652~~30728220 2740.~~58780303~~45340909 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 ~~268~~232.~~51105152~~89772785 0.~~29982658~~25608780 3514.~~31349708~~91870043 0.00000000 VI-A 248,618,300.00 ~~367~~323.~~21396406~~00587861 0.~~25377533~~22552596 4344.~~95431012~~87631626 0.00000000 VII-A 13,632,100.00 ~~436~~402.~~14605673~~48268792 0.~~22975844~~23046192 33149.~~43360964~~55718048 0.00000000 B-1 13,774,900.00 ~~888~~841.~~43081837~~59285657 0.~~85500439~~81591953 4554.~~98295813~~78344525 0.00000000 B-2 8,442,700.00 ~~888~~841.~~43081834~~59285655 0.~~85500492~~81591908 4554.~~98295806~~78344487 0.00000000 B-3 4,443,400.00 ~~888~~841.~~43081874~~59285682 0.~~85500518~~81592024 4554.~~98295900~~78344511 0.00000000 B-4 2,221,800.00 ~~888~~841.~~43081736~~59285714 0.~~85500495~~81591952 4554.~~98295976~~78344585 0.00000000 B-5 2,221,900.00 ~~888~~841.~~43082047~~59285746 0.~~85500248~~81591881 4554.~~98295603~~78344660 0.00000000 B-6 2,222,022.00 ~~888~~841.~~43087962~~59291402 0.~~85500504~~81591901 4554.~~98296056~~78344949 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 2317.~~76941348~~44047817 ~~510~~493.~~68105667~~24057851 0.~~51068106~~49324058 2317.~~76941348~~44047817 II-A 0.00000000 4041.~~08024563~~39658784 ~~147~~105.~~28629644~~88970860 0.~~14728630~~10588971 4041.~~08024563~~39658784 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 7337.~~46914646~~18226408 ~~293~~256.~~58896467~~40670007 0.~~29358896~~25640670 7337.~~46914646~~18226408 IV-A1 0.00000000 2740.~~92107888~~76068957 ~~312~~271.~~17295543~~41226585 0.~~31217296~~27141227 2740.~~92107888~~76068957 IV-A2 0.00000000 2740.~~92107892~~76068959 ~~312~~271.~~17295541~~41226581 0.~~31217296~~27141227 2740.~~92107892~~76068959 IV-A3 0.00000000 2740.~~92107900~~76068950 ~~312~~271.~~17295550~~41226575 0.~~31217296~~27141227 2740.~~92107900~~76068950 IV-A4 0.00000000 2740.~~92107889~~76068963 ~~312~~271.~~17295543~~41226580 0.~~31217296~~27141227 2740.~~92107889~~76068963 IV-A5 0.00000000 2740.~~92107955~~76069129 ~~312~~271.~~17295455~~41226326 0.~~31217295~~27141226 2740.~~92107955~~76069129 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 3515.~~61332366~~17478823 ~~232~~217.~~89772785~~72293962 0.~~23289773~~21772294 3515.~~61332366~~17478823 VI-A 0.00000000 4445.~~20808545~~10184222 ~~323~~277.~~00587861~~90403639 0.~~32300588~~27790404 4445.~~20808545~~10184222 VII-A 0.00000000 33149.~~66336808~~78764240 ~~402~~252.~~48268792~~69504552 0.~~40248269~~25269505 33149.~~66336808~~78764240 B-1 0.00000000 4655.~~83796253~~59936479 ~~841~~785.~~59285657~~99349179 0.~~84159286~~78599349 4655.~~83796253~~59936479 B-2 0.00000000 4655.~~83796297~~59936395 ~~841~~785.~~59285655~~99349142 0.~~84159286~~78599349 4655.~~83796297~~59936395 B-3 0.00000000 4655.~~83796192~~59936535 ~~841~~785.~~59285682~~99349147 0.~~84159286~~78599349 4655.~~83796192~~59936535 B-4 0.00000000 4655.~~83796021~~59936538 ~~841~~785.~~59285714~~99349176 0.~~84159286~~78599349 4655.~~83796021~~59936538 B-5 0.00000000 4655.~~83796300~~59936541 ~~841~~785.~~59285746~~99349206 0.~~84159286~~78599349 4655.~~83796300~~59936541 B-6 0.00000000 4655.~~83796560~~59936850 ~~841~~785.~~59291402~~99354552 0.~~84159291~~78599355 4655.~~83796560~~59936850 (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 35,180,200.00 4.~~78422~~68119% 1817,~~802~~965,~~074~~861.4371 7470,~~961~~084.0170 0.00 0.00 II-A 74,454,400.00 5.~~47390~~46875% 1310,~~950~~966,~~263~~112.4783 6349,~~635~~975.3374 0.00 0.00 R-1 50.00 5.65566% 0.00 0.00 0.00 0.00 R-2 50.00 5.65566% 0.00 0.00 0.00 0.00 R-3 50.00 5.65566% 0.00 0.00 0.00 0.00 R-4 50.00 5.65566% 0.00 0.00 0.00 0.00 III-A 19,396,800.00 6.~~29843~~29219% 75,~~119~~694,~~752~~686.7743 3729,~~369~~860.3504 0.00 0.00 IV-A1 188,000,000.00 5.~~52487~~51485% 6358,~~937~~688,~~678~~515.4662 ~~294~~269,~~372~~715.8110 0.00 0.00 IV-A2 74,000,000.00 5.~~31987~~30985% 2523,~~166~~100,~~958~~798.5470 ~~111~~102,~~570~~218.7907 0.00 0.00 IV-A3 40,000,000.00 5.~~21487~~20485% 1312,~~603~~486,~~761~~918.3722 5954,~~118~~160.2140 0.00 0.00 IV-A4 81,000,000.00 5.~~74487~~73485% 2725,~~547~~286,~~616~~009.7839 ~~131~~120,~~881~~842.2381 0.00 0.00 IV-A5 1,056,000.00 5.~~74487~~73485% ~~359~~329,~~139~~654.3064 1,~~719~~575.3443 0.00 0.00 IV-X 0.00 0.51078% ~~130~~119,~~615~~891,~~154~~896.4658 5551,~~596~~032.5619 0.00 0.00 V-A 80,038,800.00 6.~~13509~~10841% 2118,~~491~~640,~~302~~854.3566 ~~109~~94,~~875~~888.9734 0.00 0.00 VI-A 248,618,300.00 6.~~02310~~01205% 9180,~~296~~305,~~111~~172.4843 ~~458~~402,~~237~~332.8138 0.00 0.00 VII-A 13,632,100.00 6.~~69780~~74276% 5,~~945~~486,~~586~~684.6625 3330,~~185~~829.3050 0.00 0.00 B-1 13,774,900.00 5.~~94213~~92764% 1211,~~238~~592,~~045~~857.6844 6057,~~600~~265.0319 0.00 0.00 B-2 8,442,700.00 5.~~94213~~92764% 7,~~500~~105,~~754~~316.8701 3735,~~142~~098.0410 0.00 0.00 B-3 4,443,400.00 5.~~94213~~92764% 3,~~947~~739,~~653~~533.5070 1918,~~547~~472.8916 0.00 0.00 B-4 2,221,800.00 5.~~94213~~92764% 1,~~973~~869,~~915~~851.5901 9,~~774~~236.3850 0.00 0.00 B-5 2,221,900.00 5.~~94213~~92764% 1,~~974~~869,~~004~~935.4417 9,~~774~~236.8291 0.00 0.00 B-6 2,222,022.00 5.~~94213~~92764% 1,~~974~~870,~~112~~037.9697 9,~~775~~237.3642 0.00 0.00 Totals 888,703,522.00 1,~~578~~416,~~138~~060.2398 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 ~~168~~1,564.4739 0.00 7468,~~792~~520.5431 0.00 17,~~965~~352,~~861~~302.7120 II-A ~~143~~1,115.0153 0.00 6348,~~492~~860.3122 0.00 107,~~966~~883,~~112~~954.8372 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 0.00 III-A 83666.9852 0.00 3729,~~285~~193.3752 0.00 54,~~694~~973,~~686~~469.4348 IV-A1 ~~661~~6,020.5842 0.00 ~~293~~263,~~711~~694.2369 0.00 5851,~~688~~025,~~515~~505.6298 IV-A2 ~~250~~2,281.7565 0.00 ~~111~~99,~~320~~936.0542 0.00 2320,~~100~~084,~~798~~507.7067 IV-A3 ~~132~~1,208.8694 0.00 5852,~~985~~951.3447 0.00 1210,~~486~~856,~~918~~490.2263 IV-A4 ~~296~~2,697.3938 0.00 ~~131~~118,~~584~~145.8443 0.00 2521,~~286~~984,~~009~~393.3953 IV-A5 335.8617 0.00 1,~~715~~540.4827 0.00 ~~329~~286,~~654~~611.6435 IV-X ~~124~~1,139.9511 0.00 5549,~~471~~893.6108 0.00 ~~119~~104,~~891~~237,~~896~~509.5818 V-A ~~246~~2,118.9404 0.00 ~~109~~92,~~629~~770.0330 0.00 1817,~~640~~426,~~854~~282.6682 VI-A 18,~~029~~980.8562 0.00 ~~457~~393,~~207~~351.9676 0.00 8069,~~305~~092,~~172~~029.4309 VII-A 74688.5816 0.00 3330,~~110~~141.7234 0.00 53,~~486~~444,~~684~~764.2513 B-1 ~~136~~1,278.1924 0.00 6055,~~463~~986.8495 0.00 1110,~~592~~826,~~857~~981.4475 B-2 83783.4744 0.00 3734,~~058~~314.5766 0.00 76,~~105~~635,~~316~~907.0125 B-3 43412.9332 0.00 1918,~~503~~059.9584 0.00 3,~~739~~492,~~533~~483.7048 B-4 21206.9717 0.00 9,~~752~~030.4232 0.00 1,~~869~~746,~~851~~320.0134 B-5 21206.9718 0.00 9,~~752~~030.8673 0.00 1,~~869~~746,~~935~~398.1794 B-6 21206.9719 0.00 9,~~753~~031.3923 0.00 1,~~870~~746,~~037~~494.9795 Totals 331,~~546~~608.7247 0.00 1,~~574~~384,~~591~~452.5154 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 35,180,200.00 4.~~78422~~68119% ~~534~~510.~~45047015~~68105667 21.~~13077271~~99216321 0.00000000 0.00000000 II-A 74,454,400.00 5.~~47390~~46875% ~~187~~147.~~36654207~~28629644 0.~~85468864~~67122615 0.00000000 0.00000000 R-1 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 6.~~29843~~29219% ~~367~~293.~~05811113~~58896467 1.~~92657294~~53943125 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~52487~~51485% ~~340~~312.~~09403436~~17295543 1.~~56581282~~43465479 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~31987~~30985% ~~340~~312.~~09403432~~17295541 1.~~50771338~~38132527 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~21487~~20485% ~~340~~312.~~09403425~~17295550 1.~~47795525~~35401000 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~74487~~73485% ~~340~~312.~~09403432~~17295543 1.~~62816333~~49188654 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~74487~~73485% ~~340~~312.~~09403409~~17295455 1.~~62816288~~49188447 0.00000000 0.00000000 IV-X 0.00 0.51078% ~~340~~312.~~09403436~~17295545 0.~~14476160~~13287695 0.00000000 0.00000000 V-A 80,038,800.00 6.~~13509~~10841% ~~268~~232.~~51105152~~89772785 1.~~37278382~~18552927 0.00000000 0.00000000 VI-A 248,618,300.00 6.~~02310~~01205% ~~367~~323.~~21396406~~00587861 1.~~84313789~~61827339 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~69780~~74276% ~~436~~402.~~14605673~~48268792 2.~~43434981~~26153711 0.00000000 0.00000000 B-1 13,774,900.00 5.~~94213~~92764% ~~888~~841.~~43081837~~59285657 4.~~39930816~~15721276 0.00000000 0.00000000 B-2 8,442,700.00 5.~~94213~~92764% ~~888~~841.~~43081834~~59285655 4.~~39930828~~15721274 0.00000000 0.00000000 B-3 4,443,400.00 5.~~94213~~92764% ~~888~~841.~~43081874~~59285682 4.~~39930909~~15721295 0.00000000 0.00000000 B-4 2,221,800.00 5.~~94213~~92764% ~~888~~841.~~43081736~~59285714 4.~~39930687~~15721487 0.00000000 0.00000000 B-5 2,221,900.00 5.~~94213~~92764% ~~888~~841.~~43082047~~59285746 4.~~39930690~~15721230 0.00000000 0.00000000 B-6 2,222,022.00 5.~~94213~~92764% ~~888~~841.~~43087962~~59291402 4.~~39930838~~15721356 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.~~00478877~~04446791 0.00000000 21.~~12598393~~94769529 0.00000000 ~~510~~493.~~68105667~~24057851 II-A 0.~~00192077~~01498273 0.00000000 0.~~85276773~~65624355 0.00000000 ~~147~~105.~~28629644~~88970860 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.~~00432958~~03436237 0.00000000 1.~~92224336~~50506888 0.00000000 ~~293~~256.~~58896467~~40670007 IV-A1 0.~~00351904~~03202351 0.00000000 1.~~56229378~~40263133 0.00000000 ~~312~~271.~~17295543~~41226585 IV-A2 0.~~00338851~~03083311 0.00000000 1.~~50432500~~35049216 0.00000000 ~~312~~271.~~17295541~~41226581 IV-A3 0.~~00332150~~03022350 0.00000000 1.~~47463350~~32378675 0.00000000 ~~312~~271.~~17295550~~41226575 IV-A4 0.~~00365914~~03330099 0.00000000 1.~~62450420~~45858556 0.00000000 ~~312~~271.~~17295543~~41226580 IV-A5 0.~~00365530~~03330492 0.00000000 1.~~62450758~~45858902 0.00000000 ~~312~~271.~~17295455~~41226326 IV-X 0.~~00032534~~00296600 0.00000000 0.~~14443625~~12991095 0.00000000 ~~312~~271.~~17295545~~41226587 V-A 0.~~00308525~~02646267 0.00000000 1.~~36969857~~15906660 0.00000000 ~~232~~217.~~89772785~~72293962 VI-A 0.~~00414229~~03612212 0.00000000 1.~~83899560~~58215127 0.00000000 ~~323~~277.~~00587861~~90403639 VII-A 0.~~00547091~~05048085 0.00000000 2.~~42887890~~21105626 0.00000000 ~~402~~252.~~48268792~~69504552 B-1 0.~~00988682~~09279487 0.00000000 4.~~38942134~~06441789 0.00000000 ~~841~~785.~~59285657~~99349179 B-2 0.~~00988665~~09279496 0.00000000 4.~~38942163~~06441778 0.00000000 ~~841~~785.~~59285655~~99349142 B-3 0.~~00988657~~09279381 0.00000000 4.~~38942026~~06441914 0.00000000 ~~841~~785.~~59285682~~99349147 B-4 0.~~00988838~~09279413 0.00000000 4.~~38942299~~06441624 0.00000000 ~~841~~785.~~59285714~~99349176 B-5 0.~~00988793~~09279446 0.00000000 4.~~38942347~~06441784 0.00000000 ~~841~~785.~~59285746~~99349206 B-6 0.~~00988739~~09279386 0.00000000 4.~~38942099~~06441970 0.00000000 ~~841~~785.~~59291402~~99354552 (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 3337,~~411~~773,~~604~~962.5133 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1231,~~678~~510.6622 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3337,~~424~~805,~~283~~472.1755 Withdrawals Reimbursement for Servicer Advances 612,~~591~~678.7266 Payment of Service Fee 1314,~~167~~439.4651 Payment of Interest and Principal 3337,~~404~~778,~~523~~354.9938 Total Withdrawals (Pool Distribution Amount) 3337,~~424~~805,~~283~~472.1755 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 7997,~~562~~497.7613 Servicing Fee Support 7665,~~016~~888.0470 Non-Supported Prepayment/Curtailment Interest Shortfall 331,~~546~~608.7243

SERVICING FEES Gross Servicing Fee 8980,~~183~~328.5021 Supported Prepayment/Curtailment Interest Shortfall 7665,~~016~~888.0470 Net Servicing Fee 1314,~~167~~439.4651

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 210 0 0 0 210 ~~747~~4,~~478~~192,268.7505 0.00 0.00 0.00 ~~747~~4,~~478~~192,268.7505 60 Days 2 0 0 0 2 ~~690~~743,~~587~~693.6893 0.00 0.00 0.00 ~~690~~743,~~587~~693.6893 90 Days 1 0 0 1 0 1 ~~640,088.60~~ 0.00 0.00 293,357.67 0.00 ~~640~~293,~~088~~357.6067 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 512 0 01 0 513 24,~~078~~935,~~155~~961.0398 0.00 0293,357.0067 0.00 25,~~078~~229,~~155~~319.0365 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 01.~~291121~~661130% 0.000000% 0.000000% 0.000000% 01.~~291121~~661130% 01.~~260228~~671442% 0.000000% 0.000000% 0.000000% 01.~~260228~~671442% 60 Days 0.~~291121~~332226% 0.000000% 0.000000% 0.000000% 0.~~291121~~332226% 0.~~240422~~296508% 0.000000% 0.000000% 0.000000% 0.~~240422~~296508% 90 Days 0.~~145560~~000000% 0.000000% 0.~~000000~~166113% 0.000000% 0.~~145560~~166113% 0.~~222841~~000000% 0.000000% 0.~~000000~~116961% 0.000000% 0.~~222841~~116961% 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 01.~~727802~~993355% 0.000000% 0.~~000000~~166113% 0.000000% 02.~~727802~~159468% 01.~~723490~~967950% 0.000000% 0.~~000000~~116961% 0.000000% 02.~~723490~~084911%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 10 0 0 0 10 ~~293,357~~0.6700 0.00 0.00 0.00 ~~293,357~~0.6700 90 Days 0 0 01 0 01 0.00 0.00 0293,357.0067 0.00 0293,357.0067 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 1 0 1 ~~293,357.67~~ 0.00 0.00 293,357.67 0.00 293,357.67 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 20.~~127660~~000000% 0.000000% 0.000000% 0.000000% 20.~~127660~~000000% 10.~~521168~~000000% 0.000000% 0.000000% 0.000000% 10.~~521168~~000000% 90 Days 0.000000% 0.000000% 02.~~000000~~222222% 0.000000% 02.~~000000~~222222% 0.000000% 0.000000% 01.~~000000~~573070% 0.000000% 01.~~000000~~573070% 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 20.~~127660~~000000% 0.000000% 02.~~000000~~222222% 0.000000% 2.~~127660~~222222% 10.~~521168~~000000% 0.000000% 01.~~000000~~573070% 0.000000% 1.~~521168~~573070% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 Group 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 1 0 0 0 1 ~~397~~396,~~230~~880.0130 0.00 0.00 0.00 ~~397~~396,~~230~~880.0130 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 ~~397~~396,~~230~~880.0130 0.00 0.00 0.00 ~~397~~396,~~230~~880.0130 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 67.~~250000~~142857% 0.000000% 0.000000% 0.000000% 67.~~250000~~142857% 67.~~323498~~184526% 0.000000% 0.000000% 0.000000% 67.~~323498~~184526% 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 67.~~250000~~142857% 0.000000% 0.000000% 0.000000% 67.~~250000~~142857% 67.~~323498~~184526% 0.000000% 0.000000% 0.000000% 67.~~323498~~184526% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 17 0 0 0 17 ~~400~~3,~~327~~213,351.7968 0.00 0.00 0.00 ~~400~~3,~~327~~213,351.7968 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 10 0 0 0 10 ~~640,088~~0.6000 0.00 0.00 0.00 ~~640,088~~0.6000 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 27 0 0 0 27 13,~~040~~213,~~416~~351.3968 0.00 0.00 0.00 13,~~040~~213,~~416~~351.3968 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~304878~~439024% 0.000000% 0.000000% 0.000000% 02.~~304878~~439024% 02.~~301954~~767173% 0.000000% 0.000000% 0.000000% 02.~~301954~~767173% 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.~~304878~~000000% 0.000000% 0.000000% 0.000000% 0.~~304878~~000000% 0.~~482798~~000000% 0.000000% 0.000000% 0.000000% 0.~~482798~~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 02.~~609756~~439024% 0.000000% 0.000000% 0.000000% 02.~~609756~~439024% 02.~~784752~~767173% 0.000000% 0.000000% 0.000000% 02.~~784752~~767173% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 Group 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 13 0 0 0 13 ~~347~~978,~~150~~916.9637 0.00 0.00 0.00 ~~347~~978,~~150~~916.9637 60 Days 01 0 0 0 01 0346,813.0063 0.00 0.00 0.00 0346,813.0063 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 14 0 0 0 14 ~~347~~1,~~150~~325,730.9600 0.00 0.00 0.00 ~~347~~1,~~150~~325,730.9600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~462963~~570681% 0.000000% 0.000000% 0.000000% 01.~~462963~~570681% 01.~~392109~~275193% 0.000000% 0.000000% 0.000000% 01.~~392109~~275193% 60 Days 0.~~000000~~523560% 0.000000% 0.000000% 0.000000% 0.~~000000~~523560% 0.~~000000~~451779% 0.000000% 0.000000% 0.000000% 0.~~000000~~451779% 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 02.~~462963~~094241% 0.000000% 0.000000% 0.000000% 02.~~462963~~094241% 01.~~392109~~726972% 0.000000% 0.000000% 0.000000% 01.~~392109~~726972% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1231,~~678~~510.6622

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% ~~269~~233,~~032~~252,~~938~~596.4711 93.~~74009170~~07583278% 6.~~259908~~924167% 0.000000% Class 2A 779,068,922.00 87.66353484% ~~258~~225,~~066~~368,~~825~~641.6439 89.~~91913049~~92986286% 3.~~820961~~145970% 3930.~~098317~~097649% Class R-I 779,068,872.00 87.66352922% ~~258~~225,~~066~~368,~~825~~641.6439 89.~~91913049~~92986286% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% ~~258~~225,~~066~~368,~~825~~641.6439 89.~~91913049~~92986286% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% ~~258~~225,~~066~~368,~~825~~641.6439 89.~~91913049~~92986286% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% ~~258~~225,~~066~~368,~~825~~641.6439 89.~~91913049~~92986286% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% ~~252~~220,~~372~~395,~~139~~171.2191 87.~~93491090~~94527696% 1.~~984220~~984586% 2018.~~303699~~986631% Class V-A 295,577,122.00 33.25936204% ~~113~~98,~~839~~731,~~387~~379.9893 39.~~66545780~~39722671% 6.~~495098~~953688% 66.~~461659~~526275% Class B-1 19,551,822.00 2.20003877% 1615,~~454~~367,~~673~~604.8696 56.~~73335981~~13220454% 4.~~039340~~320339% 41.332898% Class B-2 11,109,122.00 1.25003690% 98,~~349~~731,~~357~~697.8571 3.~~25762959~~48424862% 2.~~475730~~647956% 25.333124% Class B-3 6,665,722.00 0.75005014% 5,~~609~~239,~~824~~214.1523 12.~~95465073~~09062722% 1.~~302979~~393621% 13.332844% Class B-4 4,443,922.00 0.50004550% 3,~~739~~492,~~973~~893.1489 1.~~30313198~~39378516% 0.~~651519~~696842% 6.666722% Class B-5 2,222,022.00 0.25002962% 1,~~870~~746,~~037~~494.9795 0.~~65158390~~69691174% 0.~~651548~~696873% 6.667022% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~651584~~696912% 6.667389% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~275426~~254524% Weighted Average Net Coupon 5.~~939759~~918655% Weighted Average Pass-Through Rate 5.~~939759~~918655% Weighted Average Maturity(Stepdown Calculation ) ~~339~~338 Beginning Scheduled Collateral Loan Count ~~760~~687 Number Of Loans Paid In Full 7385 Ending Scheduled Collateral Loan Count ~~687~~602 Beginning Scheduled Collateral Balance ~~318~~286,~~828~~998,~~732~~800.6517 Ending Scheduled Collateral Balance ~~286~~250,~~998~~604,~~800~~898.1733 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~287~~250,~~240~~817,~~166~~391.8398 Monthly P &I Constant 1,~~974~~775,~~227~~687.7622 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3135,~~700~~818,~~500~~471.4298 Ending Scheduled Balance for Premium Loans ~~286~~250,~~998~~604,~~800~~898.1733 Scheduled Principal ~~306~~279,~~906~~819.0389 Unscheduled Principal 3136,~~523~~114,~~026~~081.4595

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage 1 93.~~445473~~304580% Senior Percentage 2 8482.~~361218~~468027% Senior Percentage 3 9190.~~745930~~773748% Senior Percentage 4 90.~~886784~~504936% Senior Percentage 5 8887.~~442507~~627613% Senior Percentage 6 9190.~~322833~~762677% Senior Percentage 7 92.~~484011~~185000% Senior Prep Percentage 1 96.~~722736~~652290% Senior Prep Percentage 2 9291.~~180609~~234014% Senior Prep Percentage 3 95.~~872965~~386874% Senior Prep Percentage 4 95.~~443392~~252468% Senior Prep Percentage 5 9493.~~221254~~813807% Senior Prep Percentage 6 95.~~661417~~381338% Senior Prep Percentage 7 96.~~242006~~092500% Subordinate Percentage 1 6.~~554527~~695420% Subordinate Percentage 2 1517.~~638782~~531973% Subordinate Percentage 3 89.~~254070~~226252% Subordinate Percentage 4 9.~~113216~~495064% Subordinate Percentage 5 1112.~~557493~~372387% Subordinate Percentage 6 89.~~677167~~237323% Subordinate Percentage 7 7.~~515989~~815000% Subordinate Prep Percentage 1 3.~~277264~~347710% Subordinate Prep Percentage 2 78.~~819391~~765986% Subordinate Prep Percentage 3 4.~~127035~~613126% Subordinate Prep Percentage 4 4.~~556608~~747532% Subordinate Prep Percentage 5 56.~~778746~~186193% Subordinate Prep Percentage 6 4.~~338583~~618662% Subordinate Prep Percentage 7 3.~~757994~~907500%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~159218~~023669 5.~~723903~~718747 6.~~673425~~667189 Weighted Average Net Rate 4.~~784218~~648669 5.~~473903~~468747 6.~~298425~~292188 Weighted Average Maturity ~~301~~300 ~~343~~342 ~~327~~326 Beginning Loan Count 4947 4133 2016 Loans Paid In Full 2 8 42 Ending Loan Count 4745 3325 1614 Beginning Scheduled Balance 2019,~~120~~255,~~904~~069.6538 1613,~~536~~297,~~346~~411.7635 76,~~760~~273,~~292~~494.7790 Ending scheduled Balance 1918,~~255~~618,~~069~~947.3835 139,~~297~~917,~~411~~622.3534 65,~~273~~517,~~494~~035.9056 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant ~~124~~118,~~552~~455.11 98 78,~~312~~874.5519 5242,~~142~~355.5620 Scheduled Principal 3837,~~045~~846.3474 1915,~~435~~503.5175 87,~~986~~499.1272 Unscheduled Principal ~~827~~598,~~789~~275.9329 3,~~219~~364,~~499~~285.9026 1748,~~477,811~~959.7562 Scheduled Interest 8680,~~506~~609.7724 7863,~~877~~370.0444 4334,~~156~~855.4448 Servicing Fees 6,~~287~~017.7821 32,~~445~~770.0729 21,~~425~~960.0947 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 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 8074,~~218~~592.9903 7560,~~431~~600.9715 4032,~~731~~895.3501 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 4.~~784218~~648669 5.~~473903~~468747 6.~~298425~~292189

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~312991~~303614 6.~~510094~~483411 6.~~398097~~387052 Weighted Average Net Rate 6.~~010870~~000846 6.~~135094~~108411 6.~~023097~~012052 Weighted Average Maturity ~~341~~340 ~~335~~334 ~~344~~343 Beginning Loan Count ~~355~~328 3834 ~~242~~216 Loans Paid In Full 2741 42 2625 Ending Loan Count ~~328~~287 3432 ~~216~~191 Beginning Scheduled Balance ~~143~~132,~~711~~470,~~933~~008.5913 2421,~~299~~272,~~743~~808.4287 9988,~~970~~478,~~739~~188.0064 Ending scheduled Balance ~~132~~116,~~470~~028,~~008~~882.1355 2119,~~272~~976,~~808~~604.8730 8876,~~478~~719,~~188~~078.6456 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant ~~896~~826,~~874~~260.1285 ~~158~~138,~~961~~324.7562 ~~602~~532,~~106~~705.8534 Scheduled Principal ~~140~~130,~~830~~394.6132 2723,~~133~~390.7498 6961,~~088~~776.0836 Unscheduled Principal 1116,~~101~~310,~~094~~731.8526 21,~~999~~272,~~800~~813.8159 11,~~423~~697,~~462~~333.2872 Scheduled Interest ~~756~~695,~~043~~866.5153 ~~131~~114,~~828~~933.0164 ~~533~~470,~~018~~928.7798 Servicing Fees 3633,~~182~~423.0410 76,~~593~~647.6775 3127,~~240~~649.8644 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 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 ~~719~~662,~~861~~443.4743 ~~124~~108,~~234~~285.3489 ~~501~~443,~~777~~279.9154 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.~~010870~~000846 6.~~135094~~108411 6.~~023097~~012052

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.117761 6.254524 Weighted Average Net Rate 6.742760 5.918655 Weighted Average Maturity 338.00 338.00 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 38,711.04 1,775,687.22 Beginning Loan Count 13 687 Loans Paid In Full 5 85 Ending Loan Count 8 602 Beginning Scheduled Balance 5,951,818.90 286,998,800.17 Ending Scheduled Balance 3,826,727.67 250,604,898.33 Scheduled Principal 3,408.02 279,819.89 Unscheduled Principal 2,121,683.21 36,114,081.95 Scheduled Interest 35,303.02 1,495,867.33 Servicing Fee 1,859.95 80,328.21 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 0.00 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 33,443.07 1,415,539.12 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 6.742761 5.918655

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THRU CERT SERS 2002-5