8-K 1 bst01008.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 2001-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-16 90-0042381 Pooling and Servicing Agreement) (Commission 90-0042380 (State or other File Number) IRS EIN jurisdiction 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-8 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 2001-8 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 2001-8 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-8 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: 2001-8 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 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 07384MFV9 SEN 6.~~72528~~73442% 6,~~632~~352,~~268~~638.8844 3735,~~169~~250.9150 ~~279~~1,~~630~~482,534.4459 R-I 07384MFW7 RES 6.69323% 0.00 0.00 0.00 R-II 07384MFX5 RES 6.69323% 0.00 0.00 0.00 II-A 07384MFY3 SEN 5.~~95925~~92807% 109,~~674~~869,~~014~~833.1518 5348,~~007~~209.5962 ~~804~~2,~~180~~224,962.9659 III-A 07384MFZ0 SEN 5.~~65511~~73259% 1716,~~807~~479,~~405~~197.9440 8377,~~919~~839.0013 13,~~328~~405,~~208~~631.5479 IV-A 07384MGA4 SEN 6.~~50229~~50946% 1413,~~256~~496,~~445~~460.6896 7772,~~249~~389.6447 ~~759~~1,~~984~~678,540.7285 V-A 07384MGB2 SEN 6.~~37268~~42805% 1312,~~364~~908,~~069~~542.9040 7068,~~970~~370.8026 ~~455~~1,~~527~~662,251.5031 VI-A 07384MGC0 SEN 6.~~61194~~62883% 2926,~~746~~290,~~255~~778.7624 ~~163~~143,~~900~~598.4884 32,~~455~~103,~~477~~847.5257 VII-A 07384MGD8 SEN 6.~~75575~~73927% 87,~~661~~596,~~137~~355.2130 4842,~~760~~182.3817 1636,~~064,781~~772.9161 B-1 07384MGE6 SUB 6.~~23899~~26978% 5,~~267~~072,~~159~~391.8214 2726,~~384~~204.8150 ~~194~~357,~~768~~243.6884 B-2 07384MGF3 SUB 6.~~23899~~26978% 3,~~511~~381,~~332~~490.0525 1817,~~255~~469.9813 ~~129~~238,~~841~~155.8025 B-3 07384MGG1 SUB 6.~~23899~~26978% 2,~~145~~066,~~954~~601.2126 1110,~~157~~676.1628 79145,~~352~~548.9583 B-4 07384MGH9 SUB 6.~~23899~~26978% ~~975~~939,~~445~~375.4954 54,~~071~~852.5091 3666,~~069~~159.9635 B-5 07384MGJ5 SUB 6.~~23899~~26978% ~~975~~939,~~316~~250.1093 54,~~070~~852.8327 3666,~~065~~150.1758 B-6 07384MGK2 SUB 6.~~23899~~26978% ~~780~~751,~~543~~680.5869 43,~~058~~883.1726 2852,~~862~~940.8918 Totals ~~114~~106,~~797~~144,~~348~~595.7773 ~~605~~555,~~976~~778.2534 814,~~652~~120,~~753~~739.0434

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 64,~~352~~870,~~638~~103.4485 ~~316~~1,~~800~~517,785.3509 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A 0.00 97,~~869~~644,~~833~~870.1859 ~~857~~2,~~188~~273,172.5521 0.00 III-A 0.00 1613,~~479~~073,~~197~~565.4062 13,~~412~~483,~~127~~470.5492 0.00 IV-A 0.00 1311,~~496~~817,~~460~~920.9611 ~~837~~1,~~234~~750,930.3632 0.00 V-A 0.00 1211,~~908~~246,~~542~~291.4009 ~~526~~1,~~498~~730,621.3057 0.00 VI-A 0.00 2624,~~290~~186,~~778~~930.2467 32,~~619~~247,~~378~~446.0041 0.00 VII-A 0.00 76,~~596~~959,~~355~~582.3069 1678,~~113,542~~954.2978 0.00 B-1 0.00 54,~~072~~715,~~391~~147.1430 ~~222~~383,~~153~~448.4934 0.00 B-2 0.00 3,~~381~~143,~~490~~335.2501 ~~148~~255,~~097~~624.7838 0.00 B-3 0.00 21,~~066~~921,~~601~~052.2644 90156,~~510~~225.11 0.00 B-4 0.00 ~~939~~873,~~375~~216.5418 4171,~~141~~012.4626 0.00 B-5 0.00 ~~939~~873,~~250~~100.9335 4171,~~136~~002.0085 0.00 B-6 0154,827.0012 ~~751~~543,~~680~~913.6939 3256,~~921~~823.0644 0154,827.0012 Totals 0154,827.0012 ~~106~~91,~~144~~869,~~595~~029.7329 914,~~258~~676,~~729~~517.2968 0154,827.0012 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 32,948,000.00 6,~~632~~352,~~268~~638.8844 6,~~271~~040.9885 ~~273~~1,~~358~~476,493.4674 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 II-A 47,616,900.00 109,~~674~~869,~~014~~833.1518 11,~~768~~028.9327 ~~792~~2,~~412~~213,934.0332 0.00 0.00 III-A 168,187,400.00 1716,~~807~~479,~~405~~197.9440 2120,~~927~~204.1654 13,~~306~~385,~~281~~427.3825 0.00 0.00 IV-A 63,044,700.00 1413,~~256~~496,~~445~~460.6896 6,~~159~~183.7283 ~~753~~1,~~825~~672,357.0002 0.00 0.00 V-A 79,630,600.00 1312,~~364~~908,~~069~~542.9040 13,~~497~~158.1580 ~~442~~1,~~030~~649,092.3551 0.00 0.00 VI-A 138,372,800.00 2926,~~746~~290,~~255~~778.7624 1412,~~201~~467.9424 32,~~441~~091,~~275~~380.5833 0.00 0.00 VII-A 52,139,400.00 87,~~661~~596,~~137~~355.2130 32,~~277~~701.7770 1634,~~061,504~~070.1491 0.00 0.00 B-1 8,141,200.00 5,~~267~~072,~~159~~391.8214 4,~~450~~309.2501 ~~190~~352,~~318~~934.4383 0.00 0.00 B-2 5,427,300.00 3,~~511~~381,~~332~~490.0525 2,~~966~~872.7458 ~~126~~235,~~875~~282.0566 0.00 0.00 B-3 3,316,900.00 2,~~145~~066,~~954~~601.2126 1,~~813~~755.1358 77143,~~539~~793.8224 0.00 0.00 B-4 1,507,700.00 ~~975~~939,~~445~~375.4954 ~~824~~798.1600 3565,~~245~~361.8035 0.00 0.00 B-5 1,507,500.00 ~~975~~939,~~316~~250.1093 ~~824~~797.0590 3565,~~241~~352.1268 0.00 0.00 B-6 1,206,450.00 ~~780~~751,~~543~~680.5869 ~~659~~638.4955 2852,~~203~~301.4062 0.00 0154,827.0012 Totals 603,046,950.00 ~~114~~106,~~797~~144,~~348~~595.7773 8882,~~642~~956.4785 814,~~564~~037,~~110~~782.5646 0.00 0154,827.0012 (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 ~~279~~1,~~630~~482,534.4459 64,~~352~~870,~~638~~103.4485 0.~~19280801~~14781182 ~~279~~1,~~630~~482,534.4459 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A ~~804~~2,~~180~~224,962.9659 97,~~869~~644,~~833~~870.1859 0.~~20727584~~16054952 ~~804~~2,~~180~~224,962.9659 III-A 13,~~328~~405,~~208~~631.5479 1613,~~479~~073,~~197~~565.4062 0.~~09798117~~07773213 13,~~328~~405,~~208~~631.5479 IV-A ~~759~~1,~~984~~678,540.7285 1311,~~496~~817,~~460~~920.9611 0.~~21407765~~18745303 ~~759~~1,~~984~~678,540.7285 V-A ~~455~~1,~~527~~662,251.5031 1211,~~908~~246,~~542~~291.4009 0.~~16210530~~14123077 ~~455~~1,~~527~~662,251.5031 VI-A 32,~~455~~103,~~477~~847.5257 2624,~~290~~186,~~778~~930.2467 0.~~18999961~~17479541 32,~~455~~103,~~477~~847.5257 VII-A 1636,~~064,781~~772.9161 76,~~596~~959,~~355~~582.3069 0.~~14569319~~13348030 1636,~~064,781~~772.9161 B-1 ~~194~~357,~~768~~243.6884 54,~~072~~715,~~391~~147.1430 0.~~62305202~~57917104 ~~194~~357,~~768~~243.6884 B-2 ~~129~~238,~~841~~155.8025 3,~~381~~143,~~490~~335.2501 0.~~62305202~~57917104 ~~129~~238,~~841~~155.8025 B-3 79145,~~352~~548.9583 21,~~066~~921,~~601~~052.2644 0.~~62305202~~57917105 79145,~~352~~548.9583 B-4 3666,~~069~~159.9635 ~~939~~873,~~375~~216.5418 0.~~62305203~~57917104 3666,~~069~~159.9635 B-5 3666,~~065~~150.1758 ~~939~~873,~~250~~100.9335 0.~~62305203~~57917104 3666,~~065~~150.1758 B-6 28207,~~862~~767.8930 ~~751~~543,~~680~~913.6939 0.~~62305167~~45083790 2852,~~862~~940.8918 Totals 814,~~652~~275,~~753~~566.0446 ~~106~~91,~~144~~869,~~595~~029.7329 0.~~17601382~~15234142 814,~~652~~120,~~753~~739.0434

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 32,948,000.00 ~~201~~192.~~29503703~~80801384 0.~~19035996~~18334497 844.~~29666323~~81284873 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 II-A 47,616,900.00 ~~224~~207.~~16440696~~27584492 0.~~24715868~~23160412 1646.~~64140316~~49471763 0.00000000 III-A 168,187,400.00 ~~105~~97.~~87835914~~98116506 0.~~13037338~~12013112 720.~~76682070~~12889937 0.00000000 IV-A 63,044,700.00 ~~226~~214.~~13234229~~07764586 0.~~09770401~~09808644 1126.~~95699242~~52652832 0.00000000 V-A 79,630,600.00 ~~167~~162.~~82580943~~10530123 0.~~16949703~~16524803 520.~~55101117~~70928148 0.00000000 VI-A 138,372,800.00 ~~214~~189.~~97184244~~99961148 0.~~10263534~~09009892 2415.~~86959561~~11409995 0.00000000 VII-A 52,139,400.00 ~~166~~145.~~11501494~~69318596 0.~~06286551~~05181686 2012.~~35896347~~16107032 0.00000000 B-1 8,141,200.00 ~~646~~623.~~97585368~~05202427 0.~~54663317~~52928438 2343.~~37719624~~35169631 0.00000000 B-2 5,427,300.00 ~~646~~623.~~97585356~~05202403 0.~~54663276~~52928344 2343.~~37719492~~35169606 0.00000000 B-3 3,316,900.00 ~~646~~623.~~97585396~~05202448 0.~~54663391~~52928337 2343.~~37719557~~35169586 0.00000000 B-4 1,507,700.00 ~~646~~623.~~97585063~~05202627 0.~~54663395~~52928301 2343.~~37719706~~35169463 0.00000000 B-5 1,507,500.00 ~~646~~623.~~97585406~~05202653 0.~~54663350~~52928690 2343.~~37719403~~35169486 0.00000000 B-6 1,206,450.00 ~~646~~623.~~97549007~~05167226 0.~~54663683~~52928012 2343.~~37718099~~35166812 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 844.~~48702319~~99619370 ~~192~~147.~~80801384~~81182014 0.~~19280801~~14781182 844.~~48702319~~99619370 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 1646.~~88856183~~72632175 ~~207~~160.~~27584492~~54952317 0.~~20727584~~16054952 1646.~~88856183~~72632175 III-A 0.00000000 720.~~89719408~~24903049 9777.~~98116506~~73213463 0.~~09798117~~07773213 720.~~89719408~~24903049 IV-A 0.00000000 1226.~~05469643~~62461476 ~~214~~187.~~07764586~~45303110 0.~~21407765~~18745303 1226.~~05469643~~62461476 V-A 0.00000000 520.~~72050820~~87452952 ~~162~~141.~~10530123~~23077171 0.~~16210530~~14123077 520.~~72050820~~87452952 VI-A 0.00000000 2415.~~97223096~~20419887 ~~189~~174.~~99961148~~79541261 0.~~18999961~~17479541 2415.~~97223096~~20419887 VII-A 0.00000000 2012.~~42182898~~21288718 ~~145~~133.~~69318596~~48029878 0.~~14569319~~13348030 2012.~~42182898~~21288718 B-1 0.00000000 2343.~~92382941~~88098069 ~~623~~579.~~05202427~~17104358 0.~~62305202~~57917104 2343.~~92382941~~88098069 B-2 0.00000000 2343.~~92382953~~88098134 ~~623~~579.~~05202403~~17104453 0.~~62305202~~57917104 2343.~~92382953~~88098134 B-3 0.00000000 2343.~~92382948~~88098224 ~~623~~579.~~05202448~~17104525 0.~~62305202~~57917105 2343.~~92382948~~88098224 B-4 0.00000000 2343.~~92383100~~88097765 ~~623~~579.~~05202627~~17104198 0.~~62305203~~57917104 2343.~~92383100~~88097765 B-5 0.00000000 2343.~~92382753~~88098176 ~~623~~579.~~05202653~~17104478 0.~~62305203~~57917104 2343.~~92382753~~88098176 B-6 0128.~~00000000~~33281114 23172.~~92381781~~21376767 ~~623~~450.~~05167226~~83790460 0.~~62305167~~45083790 2343.~~92381781~~88095653 (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 32,948,000.00 6.~~72528~~73442% 6,~~632~~352,~~268~~638.8844 3735,~~169~~651.9113 0.00 0.00 R-I 50.00 6.69323% 0.00 0.00 0.00 0.00 R-II 50.00 6.69323% 0.00 0.00 0.00 0.00 II-A 47,616,900.00 5.~~95925~~92807% 109,~~674~~869,~~014~~833.1518 5348,~~007~~757.5953 0.00 0.00 III-A 168,187,400.00 5.~~65511~~73259% 1716,~~807~~479,~~405~~197.9440 8378,~~919~~723.0177 0.00 0.00 IV-A 63,044,700.00 6.~~50229~~50946% 1413,~~256~~496,~~445~~460.6896 7773,~~249~~212.6418 0.00 0.00 V-A 79,630,600.00 6.~~37268~~42805% 1312,~~364~~908,~~069~~542.9040 7069,~~970~~147.8129 0.00 0.00 VI-A 138,372,800.00 6.~~61194~~62883% 2926,~~746~~290,~~255~~778.7624 ~~163~~145,~~900~~230.4984 0.00 0.00 VII-A 52,139,400.00 6.~~75575~~73927% 87,~~661~~596,~~137~~355.2130 4842,~~760~~661.3958 0.00 0.00 B-1 8,141,200.00 6.~~23899~~26978% 5,~~267~~072,~~159~~391.8214 2726,~~384~~502.8232 0.00 0.00 B-2 5,427,300.00 6.~~23899~~26978% 3,~~511~~381,~~332~~490.0525 1817,~~255~~667.9867 0.00 0.00 B-3 3,316,900.00 6.~~23899~~26978% 2,~~145~~066,~~954~~601.2126 1110,~~157~~797.1661 0.00 0.00 B-4 1,507,700.00 6.~~23899~~26978% ~~975~~939,~~445~~375.4954 54,~~071~~908.5007 0.00 0.00 B-5 1,507,500.00 6.~~23899~~26978% ~~975~~939,~~316~~250.1093 54,~~070~~907.8341 0.00 0.00 B-6 1,206,450.00 6.~~23899~~26978% ~~780~~751,~~543~~680.5869 43,~~058~~927.1739 0.00 0.00 Totals 603,046,950.00 ~~605~~562,~~976~~094.3079 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 0400.0062 0.00 3735,~~169~~250.9150 0.00 64,~~352~~870,~~638~~103.4485 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 II-A 0547.0090 0.00 5348,~~007~~209.5962 0.00 97,~~869~~644,~~833~~870.1859 III-A 0884.0065 0.00 8377,~~919~~839.0013 0.00 1613,~~479~~073,~~197~~565.4062 IV-A 0822.0071 0.00 7772,~~249~~389.6447 0.00 1311,~~496~~817,~~460~~920.9611 V-A 0777.0003 0.00 7068,~~970~~370.8026 0.00 1211,~~908~~246,~~542~~291.4009 VI-A 01,632.01 0.00 ~~163~~143,~~900~~598.4884 0.00 2624,~~290~~186,~~778~~930.2467 VII-A 0479.0040 0.00 4842,~~760~~182.3817 0.00 76,~~596~~959,~~355~~582.3069 B-1 0297.0082 0.00 2726,~~384~~204.8150 0.00 54,~~072~~715,~~391~~147.1430 B-2 0198.0054 0.00 1817,~~255~~469.9813 0.00 3,~~381~~143,~~490~~335.2501 B-3 0121.0034 0.00 1110,~~157~~676.1628 0.00 21,~~066~~921,~~601~~052.2644 B-4 055.0015 0.00 54,~~071~~852.5091 0.00 ~~939~~873,~~375~~216.5418 B-5 055.0015 0.00 54,~~070~~852.8327 0.00 ~~939~~873,~~250~~100.9335 B-6 044.0013 0.00 43,~~058~~883.1726 0.00 ~~751~~543,~~680~~913.6939 Totals 06,316.0145 0.00 ~~605~~555,~~976~~778.2534 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 32,948,000.00 6.~~72528~~73442% ~~201~~192.~~29503703~~80801384 1.~~12813858~~08204231 0.00000000 0.00000000 R-I 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 II-A 47,616,900.00 5.~~95925~~92807% ~~224~~207.~~16440696~~27584492 1.~~11320960~~02395431 0.00000000 0.00000000 III-A 168,187,400.00 5.~~65511~~73259% ~~105~~97.~~87835914~~98116506 0.~~49896134~~46807175 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~50229~~50946% ~~226~~214.~~13234229~~07764586 1.~~22531537~~16127414 0.00000000 0.00000000 V-A 79,630,600.00 6.~~37268~~42805% ~~167~~162.~~82580943~~10530123 0.~~89125047~~86835073 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~61194~~62883% ~~214~~189.~~97184244~~99961148 1.~~18448488~~04956205 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~75575~~73927% ~~166~~145.~~11501494~~69318596 0.~~93519277~~81822154 0.00000000 0.00000000 B-1 8,141,200.00 6.~~23899~~26978% ~~646~~623.~~97585368~~05202427 3.~~36373262~~25533337 0.00000000 0.00000000 B-2 5,427,300.00 6.~~23899~~26978% ~~646~~623.~~97585356~~05202403 3.~~36373151~~25533322 0.00000000 0.00000000 B-3 3,316,900.00 6.~~23899~~26978% ~~646~~623.~~97585396~~05202448 3.~~36373119~~25533179 0.00000000 0.00000000 B-4 1,507,700.00 6.~~23899~~26978% ~~646~~623.~~97585063~~05202627 3.~~36373284~~25533594 0.00000000 0.00000000 B-5 1,507,500.00 6.~~23899~~26978% ~~646~~623.~~97585406~~05202653 3.~~36373466~~25533002 0.00000000 0.00000000 B-6 1,206,450.00 6.~~23899~~26978% ~~646~~623.~~97549007~~05167226 3.~~36372829~~25532761 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.~~00000000~~01215916 0.00000000 1.~~12813858~~06988285 0.00000000 ~~192~~147.~~80801384~~81182014 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.~~00000000~~01150642 0.00000000 1.~~11320960~~01244768 0.00000000 ~~207~~160.~~27584492~~54952317 III-A 0.~~00000000~~00525991 0.00000000 0.~~49896128~~46281190 0.00000000 9777.~~98116506~~73213463 IV-A 0.~~00000000~~01304963 0.00000000 1.~~22531537~~14822451 0.00000000 ~~214~~187.~~07764586~~45303110 V-A 0.~~00000000~~00975793 0.00000000 0.~~89125035~~85859280 0.00000000 ~~162~~141.~~10530123~~23077171 VI-A 0.~~00000007~~01179430 0.00000000 1.~~18448481~~03776783 0.00000000 ~~189~~174.~~99961148~~79541261 VII-A 0.~~00000000~~00919458 0.00000000 0.~~93519258~~80902676 0.00000000 ~~145~~133.~~69318596~~48029878 B-1 0.~~00000000~~03658183 0.00000000 3.~~36373139~~21875154 0.00000000 ~~623~~579.~~05202427~~17104358 B-2 0.~~00000000~~03658173 0.00000000 3.~~36373151~~21875150 0.00000000 ~~623~~579.~~05202403~~17104453 B-3 0.~~00000000~~03658235 0.00000000 3.~~36373119~~21875245 0.00000000 ~~623~~579.~~05202448~~17104525 B-4 0.~~00000000~~03657890 0.00000000 3.~~36373284~~21875041 0.00000000 ~~623~~579.~~05202627~~17104198 B-5 0.~~00000000~~03658375 0.00000000 3.~~36373466~~21875290 0.00000000 ~~623~~579.~~05202653~~17104478 B-6 0.~~00000000~~03657839 0.00000000 3.~~36372829~~21874922 0.00000000 ~~623~~450.~~05167226~~83790460 (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 914,~~276~~877,~~563~~460.4751 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3721,~~978~~730.17 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(154,827.0012) Prepayment Penalties 0.00 Total Deposits 914,~~314~~744,~~541~~363.6456 Withdrawals Reimbursement for Servicer Advances 3137,~~949~~978.0917 Payment of Service Fee 2329,~~863~~867.2671 Payment of Interest and Principal 914,~~258~~676,~~729~~517.2968 Total Withdrawals (Pool Distribution Amount) 914,~~314~~744,~~541~~363.6456 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 86,~~367~~316.4345 Servicing Fee Support ~~8,367~~0.4300 Non-Supported Prepayment/Curtailment Interest Shortfall 06,316.0145

SERVICING FEES Gross Servicing Fee 3229,~~230~~867.6971 Supported Prepayment/Curtailment Interest Shortfall ~~8,367~~0.4300 Net Servicing Fee 2329,~~863~~867.2671

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 1 0 0 1 176,400.00 0.00 0.00 176,400.00 30 Days 9 0 0 0 9 23,~~765~~125,~~924~~383.7230 0.00 0.00 0.00 23,~~765~~125,~~924~~383.7230 60 Days 30 0 0 0 30 ~~2,000,227~~0.2200 0.00 0.00 0.00 ~~2,000,227~~0.2200 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 2 1 30 1 0.00 0.00 ~~828~~468,~~080~~000.8900 ~~627,613~~0.6800 1468,~~455,694~~000.5700 Totals 129 1 2 1 160 411 3,~~766~~125,~~151~~383.9430 176,400.00 ~~828~~468,~~080~~000.8900 ~~627,613~~0.6800 63,~~398~~769,~~246~~783.5130 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.~~340136~~392157% 0.000000% 0.000000% 0.~~340136~~392157% 0.~~166053~~191880% 0.000000% 0.000000% 0.~~166053~~191880% 30 Days 3.~~061224~~529412% 0.000000% 0.000000% 0.000000% 3.~~061224~~529412% 23.~~603682~~399648% 0.000000% 0.000000% 0.000000% 23.~~603682~~399648% 60 Days 10.~~020408~~000000% 0.000000% 0.000000% 0.000000% 10.~~020408~~000000% 10.~~882898~~000000% 0.000000% 0.000000% 0.000000% 10.~~882898~~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.~~680272~~392157% 0.~~340136~~000000% 10.~~020408~~392157% 0.000000% 0.000000% 0.~~779508~~509069% 0.~~590799~~000000% 10.~~370307~~509069% Totals 43.~~081633~~529412% 0.~~340136~~392157% 0.~~680272~~392157% 0.~~340136~~000000% 54.~~442177~~313725% 43.~~486580~~399648% 0.~~166053~~191880% 0.~~779508~~509069% 0.~~590799~~000000% 64.~~022940~~100597%

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 1 0 0 0 1 ~~536~~535,~~019~~525.7757 0.00 0.00 0.00 ~~536~~535,~~019~~525.7757 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 10 10 0.00 0.00 0.00 ~~627,613~~0.6800 ~~627,613~~0.6800 Totals 1 0 0 0 1 ~~2 536~~535,~~019~~525.7757 0.00 0.00 ~~627,613~~0.6800 1535,~~163,633~~525.4557 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 57.~~882353~~692308% 0.000000% 0.000000% 0.000000% 57.~~882353~~692308% 79.~~504510~~901017% 0.000000% 0.000000% 0.000000% 79.~~504510~~901017% 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% 50.~~882353~~000000% 50.~~882353~~000000% 0.000000% 0.000000% 0.000000% 80.~~786865~~000000% 80.~~786865~~000000% Totals 57.~~882353~~692308% 0.000000% 0.000000% 50.~~882353~~000000% 117.~~764706~~692308% 79.~~504510~~901017% 0.000000% 0.000000% 80.~~786865~~000000% 169.~~291375~~901017% 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 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 60 Days 10 0 0 0 10 ~~386,577~~0.00 0.00 0.00 0.00 ~~386,577~~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 10 0 10 0.00 0.00 ~~360,080~~0.8900 0.00 ~~360,080~~0.8900 Totals 1 0 10 0 21 ~~386~~385,~~577~~816.0014 0.00 ~~360,080~~0.8900 0.00 ~~746~~385,~~657~~816.8914 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~000000~~545455% 0.000000% 0.000000% 0.000000% 04.~~000000~~545455% 04.~~000000~~465665% 0.000000% 0.000000% 0.000000% 04.~~000000~~465665% 60 Days 30.~~571429~~000000% 0.000000% 0.000000% 0.000000% 30.~~571429~~000000% 30.~~517878~~000000% 0.000000% 0.000000% 0.000000% 30.~~517878~~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% 30.~~571429~~000000% 0.000000% 30.~~571429~~000000% 0.000000% 0.000000% 30.~~276761~~000000% 0.000000% 30.~~276761~~000000% Totals 34.~~571429~~545455% 0.000000% 30.~~571429~~000000% 0.000000% 74.~~142857~~545455% 34.~~517878~~465665% 0.000000% 30.~~276761~~000000% 0.000000% 64.~~794639~~465665% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~382~~974,~~379~~263.6224 0.00 0.00 0.00 ~~382~~974,~~379~~263.6224 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~382~~974,~~379~~263.6224 0.00 0.00 0.00 ~~382~~974,~~379~~263.6224 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~127660~~564103% 0.000000% 0.000000% 0.000000% 2.~~127660~~564103% 15.~~863906~~821725% 0.000000% 0.000000% 0.000000% 15.~~863906~~821725% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~127660~~564103% 0.000000% 0.000000% 0.000000% 2.~~127660~~564103% 15.~~863906~~821725% 0.000000% 0.000000% 0.000000% 15.~~863906~~821725% 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 1 0 0 1 176,400.00 0.00 0.00 176,400.00 30 Days 2 0 0 0 2 292,269.99 0.00 0.00 0.00 292,269.99 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 2 1 0 0 3 292,269.99 176,400.00 0.00 0.00 468,669.99 0-29 Days 12.~~754386~~000000% 0.000000% 0.000000% 12.~~754386~~000000% 1.~~176845~~334145% 0.000000% 0.000000% 1.~~176845~~334145% 30 Days 34.~~508772~~000000% 0.000000% 0.000000% 0.000000% 34.~~508772~~000000% 12.~~949866~~210491% 0.000000% 0.000000% 0.000000% 12.~~949866~~210491% 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 34.~~508772~~000000% 12.~~754386~~000000% 0.000000% 0.000000% 56.~~263158~~000000% 12.~~949866~~210491% 1.~~176845~~334145% 0.000000% 0.000000% 3.~~126711~~544637% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 ~~858~~596,~~976~~118.7645 0.00 0.00 0.00 ~~858~~596,~~976~~118.7645 60 Days 10 0 0 0 10 ~~617,072~~0.8100 0.00 0.00 0.00 ~~617,072~~0.8100 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 32 0 0 0 32 1596,~~476,049~~118.5745 0.00 0.00 0.00 1596,~~476,049~~118.5745 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 56.~~882353~~666667% 0.000000% 0.000000% 0.000000% 56.~~882353~~666667% 54.~~840460~~609130% 0.000000% 0.000000% 0.000000% 54.~~840460~~609130% 60 Days 20.~~941176~~000000% 0.000000% 0.000000% 0.000000% 20.~~941176~~000000% 40.~~195677~~000000% 0.000000% 0.000000% 0.000000% 40.~~195677~~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 86.~~823529~~666667% 0.000000% 0.000000% 0.000000% 86.~~823529~~666667% 104.~~036138~~609130% 0.000000% 0.000000% 0.000000% 104.~~036138~~609130% 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 32 0 0 0 32 ~~696~~341,~~278~~389.5891 0.00 0.00 0.00 ~~696~~341,~~278~~389.5891 60 Days 10 0 0 0 10 ~~996,577~~0.4100 0.00 0.00 0.00 ~~996,577~~0.4100 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 1 0 1 0.00 0.00 468,000.00 0.00 468,000.00 Totals 42 0 1 0 53 1341,~~692,855~~389.9991 0.00 468,000.00 0.00 2809,~~160,855~~389.9991 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 32.~~571429~~631579% 0.000000% 0.000000% 0.000000% 32.~~571429~~631579% 21.~~371905~~258147% 0.000000% 0.000000% 0.000000% 21.~~371905~~258147% 60 Days 10.~~190476~~000000% 0.000000% 0.000000% 0.000000% 10.~~190476~~000000% 30.~~394886~~000000% 0.000000% 0.000000% 0.000000% 30.~~394886~~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% 1.~~190476~~315789% 0.000000% 1.~~190476~~315789% 0.000000% 0.000000% 1.~~594263~~724751% 0.000000% 1.~~594263~~724751% Totals 42.~~761905~~631579% 0.000000% 1.~~190476~~315789% 0.000000% 53.~~952381~~947368% 51.~~766791~~258147% 0.000000% 1.~~594263~~724751% 0.000000% 72.~~361054~~982898% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 3721,~~978~~730.17

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% 9986,~~791~~998,~~957~~925.2944 94.~~01510891~~69886219% 5.~~984891~~301138% 94.~~677047~~569221% Class R-I 570,098,900.00 94.53640384% 9986,~~791~~998,~~957~~925.2944 94.~~01510891~~69886219% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% 9986,~~791~~998,~~957~~925.2944 94.~~01510891~~69886219% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% 8979,~~922~~354,~~124~~054.1185 8486.~~71662969~~37737381% 98.~~298479~~321488% 3.~~994943~~439802% Class 3A 354,294,550.00 58.75074072% 7366,~~442~~280,~~926~~489.7123 6972.~~19139519~~14671772% 1514.~~525235~~230656% 65.~~670169~~882438% Class B-1 12,965,850.00 2.15005648% 87,~~078~~354,~~398~~617.6737 78.~~61074892~~00554597% 45.~~778756~~132467% 2.~~053116~~121576% Class B-2 7,538,550.00 1.25007680% 4,~~696~~211,~~908~~282.4236 4.~~42500948~~58400659% 3.~~185739~~421539% 1.~~368702~~414341% Class B-3 4,221,650.00 0.70005329% 2,~~630~~290,~~307~~229.1692 2.~~47804153~~49292927% 12.~~946968~~091077% 0.~~836484~~864376% Class B-4 2,713,950.00 0.45003959% 1,~~690~~417,~~931~~013.6274 1.~~59304542~~54242812% 0.~~884996~~950501% 0.~~380224~~392903% Class B-5 1,206,450.00 0.20005905% ~~751~~543,~~680~~913.6939 0.~~70816671~~59205305% 0.~~884879~~950375% 0.~~380174~~392851% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~708167~~592053% 0.~~304253~~244733% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~679944~~692333% Weighted Average Net Coupon 6.~~343030~~354669% Weighted Average Pass-Through Rate 6.~~343030~~354669% Weighted Average Maturity(Stepdown Calculation ) ~~336~~335 Beginning Scheduled Collateral Loan Count ~~316~~294 Number Of Loans Paid In Full 2239 Ending Scheduled Collateral Loan Count ~~294~~255 Beginning Scheduled Collateral Balance ~~114~~106,~~797~~144,~~348~~595.7774 Ending Scheduled Collateral Balance ~~106~~91,~~144~~869,~~595~~029.7429 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~106~~91,~~231~~932,~~287~~552.3101 Monthly P &I Constant ~~727~~674,~~675~~919.6436 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0154,827.0012 Cumulative Realized Loss 0154,827.0012 Class A Optimal Amount 813,~~682~~687,~~769~~925.4462 Ending Scheduled Balance for Premium Loans ~~106~~91,~~144~~869,~~595~~029.7429 Scheduled Principal 8882,~~642~~956.4785 Unscheduled Principal 814,~~564~~192,~~110~~609.5660

Miscellaneous Reporting Senior Percentage Group 1 89.~~354093~~138442% Senior Prepayment Pct Group 1 94.~~677047~~569221% Subordinate Percentage Group 1 10.~~645907~~861558% Subordinate Prepayment Pct Group 1 5.~~322953~~430779% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 9089.~~305819~~937992% Senior Prepayment Pct Group 2 9594.~~152910~~968996% Subordinate Percentage Group 2 910.~~694181~~062008% Subordinate Prepayment Pct Group 2 45.~~847091~~031004% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 8180.~~080965~~414981% Senior Prepayment Pct Group 3 90.~~540482~~207491% Subordinate Percentage Group 3 1819.~~919035~~585019% Subordinate Prepayment Pct Group 3 9.~~459518~~792509% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 90.~~334662~~079172% Senior Prepayment Pct Group 4 95.~~167331~~039586% Subordinate Percentage Group 4 9.~~665338~~920828% Subordinate Prepayment Pct Group 4 4.~~832669~~960414% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 8887.~~041752~~850444% Senior Prepayment Pct Group 5 9493.~~020876~~925222% Subordinate Percentage Group 5 1112.~~958248~~149556% Subordinate Prepayment Pct Group 5 56.~~979124~~074778% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 9089.~~200402~~596172% Senior Prepayment Pct Group 6 9594.~~100201~~798086% Subordinate Percentage Group 6 910.~~799598~~403828% Subordinate Prepayment Pct Group 6 45.~~899799~~201914% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 89.~~719942~~045705% Senior Prepayment Pct Group 7 94.~~859971~~522852% Subordinate Percentage Group 7 10.~~280058~~954295% Subordinate Prepayment Pct Group 7 5.~~140029~~477148% Avg. Loss Severity Group 7 0

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~100284~~109423 6.~~311864~~285234 5.~~905108~~982593 Weighted Average Net Rate 6.~~725284~~734422 5.~~959250~~928067 5.~~655108~~732593 Weighted Average Maturity ~~334~~333 335 336 ~~337~~ Beginning Loan Count 1817 3028 4947 Loans Paid In Full 14 26 28 Ending Loan Count 1713 2822 4739 Beginning Scheduled Balance 7,~~422~~126,~~456~~710.7119 1110,~~819~~974,~~851~~042.9614 2120,~~962~~492,~~498~~695.83 Ending scheduled Balance 75,~~126~~403,~~710~~822.1954 108,~~974~~630,~~042~~562.1407 2016,~~492~~714,~~695~~636.8386 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant 5048,~~937~~999.2026 7569,~~203~~740.3977 ~~135~~127,~~119~~291.3255 Scheduled Principal 76,~~019~~776.2493 1312,~~032~~262.3108 2725,~~043~~125.5434 Unscheduled Principal ~~288~~1,~~727~~716,110.2872 ~~832~~2,~~777~~331,217.5199 13,~~442~~752,~~759~~933.4663 Scheduled Interest 4342,~~917~~222.9633 6257,~~171~~478.0869 ~~108~~102,~~075~~166.7821 Servicing Fees 2,~~319~~227.5210 3,~~473~~266.2031 4,~~575~~269.5231 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 4139,~~598~~995.4423 5854,~~697~~212.8838 ~~103~~97,~~500~~896.2690 Realized Loss Amount 0154,827.0012 0.00 0.00 Cumulative Realized Loss 0154,827.0012 0.00 0.00 Percentage of Cumulative Losses 0154,827.0012 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.~~725284~~734423 5.~~959249~~928067 5.~~655108~~732593

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~887474~~895171 6.~~732184~~719650 6.~~978768~~999938 Weighted Average Net Rate 6.~~502292~~509456 6.~~437997~~428050 6.~~611944~~628827 Weighted Average Maturity ~~337~~ 336 ~~336~~335 335 Beginning Loan Count 6057 3534 9484 Loans Paid In Full 37 14 108 Ending Loan Count 5750 3430 8476 Beginning Scheduled Balance 1514,~~781~~982,~~811~~887.1153 1514,~~179~~693,~~241~~770.2723 3229,~~977~~343,~~963~~640.6512 Ending scheduled Balance 1413,~~982~~216,~~887~~380.5307 1412,~~693~~923,~~770~~041.2314 2927,~~343~~123,~~640~~583.1226 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant 9792,~~399~~956.4619 ~~100~~97,~~488~~259.2747 ~~207~~185,~~532~~084.8363 Scheduled Principal 6,~~818~~864.7888 1514,~~330~~978.4064 1513,~~744~~914.8792 Unscheduled Principal ~~792~~1,~~104~~759,642.8058 ~~470~~1,~~140~~755,750.6445 32,~~618~~206,~~578~~141.6694 Scheduled Interest 9086,~~580~~091.6831 8582,~~157~~280.8783 ~~191~~171,~~787~~169.9671 Servicing Fees 54,~~065~~815.7394 3,~~721~~570.2859 109,~~080~~074.9278 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 8581,~~514~~275.9537 8178,~~436~~710.5924 ~~181~~162,~~707~~094.0493 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.~~502292~~509456 6.~~437998~~428050 6.~~611944~~628827

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~127988~~111146 6.~~679944~~692333 Weighted Average Net Rate 6.~~755748~~739270 6.~~343030~~354669 Weighted Average Maturity ~~336~~335.00 ~~336~~335.00 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 53,587.49 674,919.36 Beginning Loan Count 3027 ~~316~~294 Loans Paid In Full 32 2239 Ending Loan Count 2725 ~~294~~255 Beginning Scheduled Balance ~~9,653,525.24 114,797,348.77 Ending scheduled Balance~~ 8,530,849.70 106,144,595.74 ~~Record~~Ending ~~Date~~Scheduled ~~06/30/2003~~Balance ~~06/30/2003 Principal And Interest Constant 60~~7,~~995~~857,003.1735 ~~727~~91,~~675~~869,029.6429 Scheduled Principal 3,~~653~~034.3306 8882,~~642~~956.4785 Unscheduled Principal 1670,~~119,022~~812.2129 814,~~564~~192,~~110~~609.5660 Scheduled Interest 5750,~~341~~553.8443 ~~639~~591,~~033~~962.1751 Servicing ~~Fees~~Fee 2,~~994~~643.5268 3229,~~230~~867.6971 Master Servicing ~~Fees~~Fee 0.00 0.00 Trustee Fee 0.00 0.00 ~~FRY~~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 ~~Fee~~ 1 0.00 0.00 Spread ~~Fee~~ 2 0.00 0.00 Spread ~~Fee~~ 3 0.00 0.00 Net Interest 5447,~~347~~909.3275 ~~606~~562,~~802~~094.4880 Realized Loss Amount 0.00 0154,827.0012 Cumulative Realized Loss 0.00 0154,827.0012 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.~~755749~~739270 6.~~343030~~354669

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-8