8-K 1 bst02005.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 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 September 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 September 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: 9/24/03 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 September 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 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.~~68119~~54601% 17,~~965~~352,~~861~~302.7120 6863,~~520~~971.3174 ~~613~~2,~~559~~037,535.5159 II-A 07384MLA8 SEN 5.~~46875~~45498% 107,~~966~~883,~~112~~954.8372 4834,~~860~~876.2294 31,~~082~~359,~~158~~884.1197 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.~~29219~~31483% 54,~~694~~973,~~686~~469.4348 2925,~~193~~469.5260 ~~721~~998,~~216~~028.9455 IV-A1 07384MLG5 SEN 5.~~51485~~51499% 5851,~~688~~025,~~515~~505.6298 ~~263~~228,~~694~~209.6909 710,~~663~~261,~~009~~837.6447 IV-A2 07384MLH3 SEN 5.~~30985~~30999% 2320,~~100~~084,~~798~~507.7067 9986,~~936~~487.4298 34,~~016~~039,~~291~~233.0390 IV-A3 07384MMG4 SEN 5.~~20485~~20499% 1210,~~486~~856,~~918~~490.2263 5245,~~951~~825.4782 12,~~630~~183,~~427~~369.5867 IV-A4 07384MMH2 SEN 5.~~73485~~73499% 2521,~~286~~984,~~009~~393.3953 ~~118~~102,~~145~~246.4340 34,~~301~~421,~~615~~323.8659 IV-A5 07384MMJ8 SEN 5.~~73485~~73499% ~~329~~286,~~654~~611.6435 1,~~540~~332.2799 4357,~~043~~640.2996 IV-X 07384MLJ9 SEN 0.51078% 0.00 4943,~~893~~177.0882 0.00 V-A 07384MLK6 SEN 6.~~10841~~10988% 1817,~~640~~426,~~854~~282.6682 9286,~~770~~345.3024 1,~~214~~733,~~571~~758.8439 VI-A 07384MLL4 SEN 6.~~01205~~01360% 8069,~~305~~092,~~172~~029.4309 ~~393~~336,~~351~~948.7646 1115,~~213~~826,~~143~~947.3436 VII-A 07384MLM2 SEN 6.~~74276~~66041% 53,~~486~~444,~~684~~764.2513 3018,~~141~~606.3437 2340,~~041,920~~195.1218 B-1 07384MLN0 SUB 5.~~92764~~91864% 1110,~~592~~826,~~857~~981.4475 5551,~~986~~967.9536 ~~765~~983,~~875~~162.6917 B-2 07384MLP5 SUB 5.~~92764~~91864% 76,~~105~~635,~~316~~907.0125 3431,~~314~~851.6603 ~~469~~602,~~408~~584.7565 B-3 07384MLQ3 SUB 5.~~92764~~91864% 3,~~739~~492,~~533~~483.7048 1816,~~059~~763.8423 ~~247~~317,~~050~~140.2280 B-4 07384MLR1 SUB 5.~~92764~~91864% 1,~~869~~746,~~851~~320.0134 98,~~030~~381.3299 ~~123~~158,~~530~~577.6754 B-5 07384MLS9 SUB 5.~~92764~~91864% 1,~~869~~746,~~935~~398.1794 98,~~030~~382.7337 ~~123~~158,~~536~~584.2367 B-6 07384MLT7 SUB 5.~~92764~~91864% 1,~~870~~746,~~037~~494.9795 98,~~031~~382.2383 ~~123~~158,~~543~~593.0239 Totals ~~286~~250,~~998~~604,~~800~~898.1831 1,~~384~~199,~~452~~227.5426 3645,~~393~~638,~~901~~398.8485

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 1715,~~352~~314,~~302~~766.2060 ~~682~~2,~~079~~101,507.8233 0.00 II-A 0.00 76,~~883~~524,~~954~~069.7275 31,~~131~~394,~~018~~761.3391 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 43,~~973~~975,~~469~~440.4894 ~~750~~1,~~410~~023,498.4615 0.00 IV-A1 0.00 5140,~~025~~763,~~505~~668.9851 710,~~926~~490,~~704~~046.3356 0.00 IV-A2 0.00 2016,~~084~~045,~~507~~273.6777 34,~~116~~125,~~227~~721.4588 0.00 IV-A3 0.00 108,~~856~~673,~~490~~120.6396 12,~~683~~229,~~379~~195.0549 0.00 IV-A4 0.00 2117,~~984~~563,~~393~~069.5394 34,~~419~~523,~~761~~569.2999 0.00 IV-A5 0.00 ~~286~~228,~~611~~970.3539 4458,~~583~~973.5695 0.00 IV-X 0.00 0.00 4943,~~893~~177.0882 0.00 V-A 0.00 1715,~~426~~692,~~282~~524.8243 1,~~307~~820,~~342~~103.1463 0.00 VI-A 0.00 6953,~~092~~265,~~029~~081.0973 1116,~~606~~163,~~495~~895.1082 0.00 VII-A 0.00 3,~~444~~104,~~764~~568.1396 2358,~~072,061~~801.4655 0.00 B-1 0.00 109,~~826~~843,~~981~~819.7558 ~~821~~1,~~862~~035,129.6453 0.00 B-2 0.00 6,~~635~~033,~~907~~322.2561 ~~503~~634,~~723~~435.4168 0.00 B-3 0.00 3,~~492~~175,~~483~~342.4868 ~~265~~333,~~110~~904.0603 0.00 B-4 0.00 1,~~746~~587,~~320~~742.3480 ~~132~~166,~~560~~959.9953 0.00 B-5 0.00 1,~~746~~587,~~398~~814.9427 ~~132~~166,~~566~~967.9604 0.00 B-6 0.00 1,~~746~~587,~~494~~901.9556 ~~132~~166,~~574~~976.2522 0.00 Totals 0.00 ~~250~~204,~~604~~966,~~898~~499.3148 3746,~~778~~837,~~354~~626.3811 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 17,~~965~~352,~~861~~302.7120 3534,~~312~~394.7494 ~~578~~2,~~246~~003,140.7765 0.00 0.00 II-A 74,454,400.00 107,~~966~~883,~~112~~954.8372 129,~~785~~277.6480 31,~~069~~350,~~372~~607.4717 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 54,~~694~~973,~~686~~469.4348 6,~~807~~099.7842 ~~714~~991,~~409~~929.1713 0.00 0.00 IV-A1 188,000,000.00 5851,~~688~~025,~~515~~505.6298 5750,~~768~~927.9218 710,~~605~~210,~~240~~910.7229 0.00 0.00 IV-A2 74,000,000.00 2320,~~100~~084,~~798~~507.7067 2220,~~738~~045.8380 24,~~993~~019,~~552~~188.2009 0.00 0.00 IV-A3 40,000,000.00 1210,~~486~~856,~~918~~490.2263 1210,~~291~~835.2657 12,~~618~~172,~~136~~534.3211 0.00 0.00 IV-A4 81,000,000.00 2521,~~286~~984,~~009~~393.3953 2421,~~889~~942.8003 34,~~276~~399,~~726~~381.0656 0.00 0.00 IV-A5 1,056,000.00 ~~329~~286,~~654~~611.6435 ~~324~~286.4906 4257,~~718~~354.8090 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 1817,~~640~~426,~~854~~282.6682 2019,~~496~~358.9690 1,~~194~~714,~~074~~399.8849 0.00 0.00 VI-A 248,618,300.00 8069,~~305~~092,~~172~~029.4309 5648,~~069~~871.8826 1115,~~157~~778,~~073~~076.4609 0.00 0.00 VII-A 13,632,100.00 53,~~486~~444,~~684~~764.2513 31,~~141~~984.6817 2338,~~038,778~~211.4400 0.00 0.00 B-1 13,774,900.00 1110,~~592~~826,~~857~~981.4475 1110,~~239~~658.2161 ~~754~~972,~~636~~503.4856 0.00 0.00 B-2 8,442,700.00 76,~~105~~635,~~316~~907.0125 6,~~888~~532.5671 ~~462~~596,~~520~~051.1994 0.00 0.00 B-3 4,443,400.00 3,~~739~~492,~~533~~483.7048 3,~~625~~438.4617 ~~243~~313,~~424~~702.7663 0.00 0.00 B-4 2,221,800.00 1,~~869~~746,~~851~~320.0134 1,~~812~~719.8116 ~~121~~156,~~717~~858.8637 0.00 0.00 B-5 2,221,900.00 1,~~869~~746,~~935~~398.1794 1,~~812~~719.8924 ~~121~~156,~~723~~865.3443 0.00 0.00 B-6 2,222,022.00 1,~~870~~746,~~037~~494.9795 1,~~812~~719.9933 ~~121~~156,~~730~~874.0306 0.00 0.00 Totals 888,703,522.00 ~~286~~250,~~998~~604,~~800~~898.1831 ~~279~~249,~~819~~810.9035 3645,~~114~~388,~~081~~588.9547 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 ~~613~~2,~~559~~037,535.5159 1715,~~352~~314,~~302~~766.2060 0.~~49324058~~43532347 ~~613~~2,~~559~~037,535.5159 II-A 31,~~082~~359,~~158~~884.1197 76,~~883~~524,~~954~~069.7275 0.~~10588971~~08762504 31,~~082~~359,~~158~~884.1197 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 ~~721~~998,~~216~~028.9455 43,~~973~~975,~~469~~440.4894 0.~~25640670~~20495344 ~~721~~998,~~216~~028.9455 IV-A1 710,~~663~~261,~~009~~837.6447 5140,~~025~~763,~~505~~668.9851 0.~~27141227~~21682802 710,~~663~~261,~~009~~837.6447 IV-A2 34,~~016~~039,~~291~~233.0390 2016,~~084~~045,~~507~~273.6777 0.~~27141227~~21682802 34,~~016~~039,~~291~~233.0390 IV-A3 12,~~630~~183,~~427~~369.5867 108,~~856~~673,~~490~~120.6396 0.~~27141227~~21682802 12,~~630~~183,~~427~~369.5867 IV-A4 34,~~301~~421,~~615~~323.8659 2117,~~984~~563,~~393~~069.5394 0.~~27141227~~21682802 34,~~301~~421,~~615~~323.8659 IV-A5 4357,~~043~~640.2996 ~~286~~228,~~611~~970.3539 0.~~27141226~~21682802 4357,~~043~~640.2996 IV-X 0.00 0.00 0.00000000 0.00 V-A 1,~~214~~733,~~571~~758.8439 1715,~~426~~692,~~282~~524.8243 0.~~21772294~~19606147 1,~~214~~733,~~571~~758.8439 VI-A 1115,~~213~~826,~~143~~947.3436 6953,~~092~~265,~~029~~081.0973 0.~~27790404~~21424441 1115,~~213~~826,~~143~~947.3436 VII-A 2340,~~041,920~~195.1218 3,~~444~~104,~~764~~568.1396 0.~~25269505~~22773960 2340,~~041,920~~195.1218 B-1 ~~765~~983,~~875~~162.6917 109,~~826~~843,~~981~~819.7558 0.~~78599349~~71462004 ~~765~~983,~~875~~162.6917 B-2 ~~469~~602,~~408~~584.7565 6,~~635~~033,~~907~~322.2561 0.~~78599349~~71462004 ~~469~~602,~~408~~584.7565 B-3 ~~247~~317,~~050~~140.2280 3,~~492~~175,~~483~~342.4868 0.~~78599349~~71462004 ~~247~~317,~~050~~140.2280 B-4 ~~123~~158,~~530~~577.6754 1,~~746~~587,~~320~~742.3480 0.~~78599349~~71462004 ~~123~~158,~~530~~577.6754 B-5 ~~123~~158,~~536~~584.2367 1,~~746~~587,~~398~~814.9427 0.~~78599349~~71462004 ~~123~~158,~~536~~584.2367 B-6 ~~123~~158,~~543~~593.0239 1,~~746~~587,~~494~~901.9556 0.~~78599355~~71462009 ~~123~~158,~~543~~593.0239 Totals 3645,~~393~~638,~~901~~398.8485 ~~250~~204,~~604~~966,~~898~~499.3148 0.~~28198932~~23063541 3645,~~393~~638,~~901~~398.8485

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 ~~510~~493.~~68105667~~24057851 10.~~00376746~~97767892 1656.~~43671071~~93943326 0.00000000 II-A 74,454,400.00 ~~147~~105.~~28629644~~88970860 0.~~17172444~~12461050 4118.~~22486341~~14005848 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 ~~293~~256.~~58896467~~40670007 0.~~35097439~~31445496 3651.~~83129021~~13880279 0.00000000 IV-A1 188,000,000.00 ~~312~~271.~~17295543~~41226585 0.~~30728149~~27088926 4054.~~45340809~~31335261 0.00000000 IV-A2 74,000,000.00 ~~312~~271.~~17295541~~41226581 0.~~30728149~~27088919 4054.~~45340811~~31335257 0.00000000 IV-A3 40,000,000.00 ~~312~~271.~~17295550~~41226575 0.~~30728150~~27088925 4054.~~45340800~~31335275 0.00000000 IV-A4 81,000,000.00 ~~312~~271.~~17295543~~41226580 0.~~30728148~~27088926 4054.~~45340815~~31335259 0.00000000 IV-A5 1,056,000.00 ~~312~~271.~~17295455~~41226326 0.~~30728220~~27089015 4054.~~45340909~~31335227 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 ~~232~~217.~~89772785~~72293962 0.~~25608780~~24186894 1421.~~91870043~~41960512 0.00000000 VI-A 248,618,300.00 ~~323~~277.~~00587861~~90403639 0.~~22552596~~19657145 4463.~~87631626~~46305196 0.00000000 VII-A 13,632,100.00 ~~402~~252.~~48268792~~69504552 0.~~23046192~~14555131 ~~149~~24.~~55718048~~80989723 0.00000000 B-1 13,774,900.00 ~~841~~785.~~59285657~~99349179 0.~~81591953~~77377041 5470.~~78344525~~59968203 0.00000000 B-2 8,442,700.00 ~~841~~785.~~59285655~~99349142 0.~~81591908~~77377024 5470.~~78344487~~59968257 0.00000000 B-3 4,443,400.00 ~~841~~785.~~59285682~~99349147 0.~~81592024~~77377009 5470.~~78344511~~59968268 0.00000000 B-4 2,221,800.00 ~~841~~785.~~59285714~~99349176 0.~~81591952~~77376902 5470.~~78344585~~59968044 0.00000000 B-5 2,221,900.00 ~~841~~785.~~59285746~~99349206 0.~~81591881~~77377020 5470.~~78344660~~59968045 0.00000000 B-6 2,222,022.00 ~~841~~785.~~59291402~~99354552 0.~~81591901~~77376822 5470.~~78344949~~59968803 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 1757.~~44047817~~91711218 ~~493~~435.~~24057851~~32346604 0.~~49324058~~43532347 1757.~~44047817~~91711218 II-A 0.00000000 4118.~~39658784~~26466898 ~~105~~87.~~88970860~~62503962 0.~~10588971~~08762504 4118.~~39658784~~26466898 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 3751.~~18226408~~45325775 ~~256~~204.~~40670007~~95344284 0.~~25640670~~20495344 3751.~~18226408~~45325775 IV-A1 0.00000000 4054.~~76068957~~58424186 ~~271~~216.~~41226585~~82802399 0.~~27141227~~21682802 4054.~~76068957~~58424186 IV-A2 0.00000000 4054.~~76068959~~58424189 ~~271~~216.~~41226581~~82802392 0.~~27141227~~21682802 4054.~~76068959~~58424189 IV-A3 0.00000000 4054.~~76068950~~58424175 ~~271~~216.~~41226575~~82802400 0.~~27141227~~21682802 4054.~~76068950~~58424175 IV-A4 0.00000000 4054.~~76068963~~58424185 ~~271~~216.~~41226580~~82802395 0.~~27141227~~21682802 4054.~~76068963~~58424185 IV-A5 0.00000000 4054.~~76069129~~58424242 ~~271~~216.~~41226326~~82802083 0.~~27141226~~21682802 4054.~~76069129~~58424242 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 1521.~~17478823~~66147406 ~~217~~196.~~72293962~~06146556 0.~~21772294~~19606147 1521.~~17478823~~66147406 VI-A 0.00000000 4563.~~10184222~~65962345 ~~277~~214.~~90403639~~24441294 0.~~27790404~~21424441 4563.~~10184222~~65962345 VII-A 0.00000000 ~~149~~24.~~78764240~~95544927 ~~252~~227.~~69504552~~73959698 0.~~25269505~~22773960 ~~149~~24.~~78764240~~95544927 B-1 0.00000000 5571.~~59936479~~37345244 ~~785~~714.~~99349179~~62003935 0.~~78599349~~71462004 5571.~~59936479~~37345244 B-2 0.00000000 5571.~~59936395~~37345281 ~~785~~714.~~99349142~~62003980 0.~~78599349~~71462004 5571.~~59936395~~37345281 B-3 0.00000000 5571.~~59936535~~37345276 ~~785~~714.~~99349147~~62003871 0.~~78599349~~71462004 5571.~~59936535~~37345276 B-4 0.00000000 5571.~~59936538~~37345396 ~~785~~714.~~99349176~~62003781 0.~~78599349~~71462004 5571.~~59936538~~37345396 B-5 0.00000000 5571.~~59936541~~37345065 ~~785~~714.~~99349206~~62004141 0.~~78599349~~71462004 5571.~~59936541~~37345065 B-6 0.00000000 5571.~~59936850~~37345625 ~~785~~714.~~99354552~~62008927 0.~~78599355~~71462009 5571.~~59936850~~37345625 (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.~~68119~~54601% 17,~~965~~352,~~861~~302.7120 7065,~~084~~736.7039 0.00 0.00 II-A 74,454,400.00 5.~~46875~~45498% 107,~~966~~883,~~112~~954.8372 4935,~~975~~839.7401 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.~~29219~~31483% 54,~~694~~973,~~686~~469.4348 2926,~~860~~172.0418 0.00 0.00 IV-A1 188,000,000.00 5.~~51485~~51499% 5851,~~688~~025,~~515~~505.6298 ~~269~~234,~~715~~504.1018 0.00 0.00 IV-A2 74,000,000.00 5.~~30985~~30999% 2320,~~100~~084,~~798~~507.7067 ~~102~~88,~~218~~873.0773 0.00 0.00 IV-A3 40,000,000.00 5.~~20485~~20499% 1210,~~486~~856,~~918~~490.2263 5447,~~160~~089.4091 0.00 0.00 IV-A4 81,000,000.00 5.~~73485~~73499% 2521,~~286~~984,~~009~~393.3953 ~~120~~105,~~842~~066.8185 0.00 0.00 IV-A5 1,056,000.00 5.~~73485~~73499% ~~329~~286,~~654~~611.6435 1,~~575~~369.4376 0.00 0.00 IV-X 0.00 0.51078% ~~119~~104,~~891~~237,~~896~~509.5818 5144,~~032~~368.1987 0.00 0.00 V-A 80,038,800.00 6.~~10841~~10988% 1817,~~640~~426,~~854~~282.6682 9488,~~888~~727.3405 0.00 0.00 VI-A 248,618,300.00 6.~~01205~~01360% 8069,~~305~~092,~~172~~029.4309 ~~402~~346,~~332~~243.3811 0.00 0.00 VII-A 13,632,100.00 6.~~74276~~66041% 53,~~486~~444,~~684~~764.2513 3019,~~829~~119.5062 0.00 0.00 B-1 13,774,900.00 5.~~92764~~91864% 1110,~~592~~826,~~857~~981.4475 5753,~~265~~400.1986 0.00 0.00 B-2 8,442,700.00 5.~~92764~~91864% 76,~~105~~635,~~316~~907.0125 3532,~~098~~729.1064 0.00 0.00 B-3 4,443,400.00 5.~~92764~~91864% 3,~~739~~492,~~533~~483.7048 1817,~~472~~225.1664 0.00 0.00 B-4 2,221,800.00 5.~~92764~~91864% 1,~~869~~746,~~851~~320.0134 98,~~236~~613.5021 0.00 0.00 B-5 2,221,900.00 5.~~92764~~91864% 1,~~869~~746,~~935~~398.1794 98,~~236~~613.9159 0.00 0.00 B-6 2,222,022.00 5.~~92764~~91864% 1,~~870~~746,~~037~~494.9795 98,~~237~~614.4207 0.00 0.00 Totals 888,703,522.00 1,~~416~~232,~~060~~307.9867 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 1,~~564~~764.3965 0.00 6863,~~520~~971.3174 0.00 1715,~~352~~314,~~302~~766.2060 II-A ~~1,115~~962.5307 0.00 4834,~~860~~876.2294 0.00 76,~~883~~524,~~954~~069.7275 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 ~~666~~702.5257 0.00 2925,~~193~~469.5260 0.00 43,~~973~~975,~~469~~440.4894 IV-A1 6,~~020~~295.4210 0.00 ~~263~~228,~~694~~209.6909 0.00 5140,~~025~~763,~~505~~668.9851 IV-A2 2,~~281~~385.6575 0.00 9986,~~936~~487.4298 0.00 2016,~~084~~045,~~507~~273.6777 IV-A3 1,~~208~~264.9410 0.00 5245,~~951~~825.4782 0.00 108,~~856~~673,~~490~~120.6396 IV-A4 2,~~697~~820.3844 0.00 ~~118~~102,~~145~~246.4340 0.00 2117,~~984~~563,~~393~~069.5394 IV-A5 3536.1777 0.00 1,~~540~~332.2799 0.00 ~~286~~228,~~611~~970.3539 IV-X 1,~~139~~191.1105 0.00 4943,~~893~~177.0882 0.00 ~~104~~83,~~237~~274,~~509~~103.1858 V-A 2,~~118~~381.0481 0.00 9286,~~770~~345.3024 0.00 1715,~~426~~692,~~282~~524.8243 VI-A 89,~~980~~294.6265 0.00 ~~393~~336,~~351~~948.7646 0.00 6953,~~092~~265,~~029~~081.0973 VII-A ~~688~~513.1625 0.00 3018,~~141~~606.3437 0.00 3,~~444~~104,~~764~~568.1396 B-1 1,~~278~~433.2451 0.00 5551,~~986~~967.9536 0.00 109,~~826~~843,~~981~~819.7558 B-2 ~~783~~878.4460 0.00 3431,~~314~~851.6603 0.00 6,~~635~~033,~~907~~322.2561 B-3 ~~412~~462.3241 0.00 1816,~~059~~763.8423 0.00 3,~~492~~175,~~483~~342.4868 B-4 ~~206~~231.1722 0.00 98,~~030~~381.3299 0.00 1,~~746~~587,~~320~~742.3480 B-5 ~~206~~231.1823 0.00 98,~~030~~382.7337 0.00 1,~~746~~587,~~398~~814.9427 B-6 ~~206~~231.1924 0.00 98,~~031~~382.2383 0.00 1,~~746~~587,~~494~~901.9556 Totals 3133,~~608~~080.4742 0.00 1,~~384~~199,~~452~~227.5426 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.~~68119~~54601% ~~510~~493.~~68105667~~24057851 1.~~99216321~~86856215 0.00000000 0.00000000 II-A 74,454,400.00 5.~~46875~~45498% ~~147~~105.~~28629644~~88970860 0.~~67122615~~48135517 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.~~29219~~31483% ~~293~~256.~~58896467~~40670007 1.~~53943125~~34930401 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~51485~~51499% ~~312~~271.~~17295543~~41226585 1.~~43465479~~24736266 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~30985~~30999% ~~312~~271.~~17295541~~41226581 1.~~38132527~~20099635 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~20485~~20499% ~~312~~271.~~17295550~~41226575 1.~~35401000~~17724775 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~73485~~73499% ~~312~~271.~~17295543~~41226580 1.~~49188654~~29712160 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~73485~~73499% ~~312~~271.~~17295455~~41226326 1.~~49188447~~29712121 0.00000000 0.00000000 IV-X 0.00 0.51078% ~~312~~271.~~17295545~~41226587 0.~~13287695~~11552708 0.00000000 0.00000000 V-A 80,038,800.00 6.~~10841~~10988% ~~232~~217.~~89772785~~72293962 1.~~18552927~~10855048 0.00000000 0.00000000 VI-A 248,618,300.00 6.~~01205~~01360% ~~323~~277.~~00587861~~90403639 1.~~61827339~~39266945 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~74276~~66041% ~~402~~252.~~48268792~~69504552 21.~~26153711~~40254400 0.00000000 0.00000000 B-1 13,774,900.00 5.~~92764~~91864% ~~841~~785.~~59285657~~99349179 43.~~15721276~~87667860 0.00000000 0.00000000 B-2 8,442,700.00 5.~~92764~~91864% ~~841~~785.~~59285655~~99349142 43.~~15721274~~87667926 0.00000000 0.00000000 B-3 4,443,400.00 5.~~92764~~91864% ~~841~~785.~~59285682~~99349147 43.~~15721295~~87668002 0.00000000 0.00000000 B-4 2,221,800.00 5.~~92764~~91864% ~~841~~785.~~59285714~~99349176 43.~~15721487~~87668107 0.00000000 0.00000000 B-5 2,221,900.00 5.~~92764~~91864% ~~841~~785.~~59285746~~99349206 43.~~15721230~~87667762 0.00000000 0.00000000 B-6 2,222,022.00 5.~~92764~~91864% ~~841~~785.~~59291402~~99354552 43.~~15721356~~87668079 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.~~04446791~~05016032 0.00000000 1.~~94769529~~81840183 0.00000000 ~~493~~435.~~24057851~~32346604 II-A 0.~~01498273~~01292160 0.00000000 0.~~65624355~~46843356 0.00000000 ~~105~~87.~~88970860~~62503962 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.~~03436237~~03622092 0.00000000 1.~~50506888~~31308257 0.00000000 ~~256~~204.~~40670007~~95344284 IV-A1 0.~~03202351~~03348457 0.00000000 1.~~40263133~~21387814 0.00000000 ~~271~~216.~~41226585~~82802399 IV-A2 0.~~03083311~~03223986 0.00000000 1.~~35049216~~16875649 0.00000000 ~~271~~216.~~41226581~~82802392 IV-A3 0.~~03022350~~03160250 0.00000000 1.~~32378675~~14564550 0.00000000 ~~271~~216.~~41226575~~82802400 IV-A4 0.~~03330099~~03482025 0.00000000 1.~~45858556~~26230123 0.00000000 ~~271~~216.~~41226580~~82802395 IV-A5 0.~~03330492~~03482008 0.00000000 1.~~45858902~~26230114 0.00000000 ~~271~~216.~~41226326~~82802083 IV-X 0.~~00296600~~00310124 0.00000000 0.~~12991095~~11242584 0.00000000 ~~271~~216.~~41226587~~82802399 V-A 0.~~02646267~~02975819 0.00000000 1.~~15906660~~07879229 0.00000000 ~~217~~196.~~72293962~~06146556 VI-A 0.~~03612212~~03738522 0.00000000 1.~~58215127~~35528422 0.00000000 ~~277~~214.~~90403639~~24441294 VII-A 0.~~05048085~~03765011 0.00000000 21.~~21105626~~36489389 0.00000000 ~~252~~227.~~69504552~~73959698 B-1 0.~~09279487~~10406682 0.00000000 43.~~06441789~~77261251 0.00000000 ~~785~~714.~~99349179~~62003935 B-2 0.~~09279496~~10406623 0.00000000 43.~~06441778~~77261184 0.00000000 ~~785~~714.~~99349142~~62003980 B-3 0.~~09279381~~10406671 0.00000000 43.~~06441914~~77261331 0.00000000 ~~785~~714.~~99349147~~62003871 B-4 0.~~09279413~~10406877 0.00000000 43.~~06441624~~77261230 0.00000000 ~~785~~714.~~99349176~~62003781 B-5 0.~~09279446~~10406859 0.00000000 43.~~06441784~~77261353 0.00000000 ~~785~~714.~~99349206~~62004141 B-6 0.~~09279386~~10406738 0.00000000 43.~~06441970~~77261341 0.00000000 ~~785~~714.~~99354552~~62008927 (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 3746,~~773~~902,~~962~~808.3392 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3136,~~510~~844.2253 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3746,~~805~~939,~~472~~653.5545 Withdrawals Reimbursement for Servicer Advances 1231,~~678~~510.6622 Payment of Service Fee 1470,~~439~~517.5112 Payment of Interest and Principal 3746,~~778~~837,~~354~~626.3811 Total Withdrawals (Pool Distribution Amount) 3746,~~805~~939,~~472~~653.5545 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~97,497~~0.1300 Servicing Fee Support ~~65,888~~0.7000 Non-Supported Prepayment/Curtailment Interest Shortfall 3133,~~608~~080.4342

SERVICING FEES Gross Servicing Fee 8070,~~328~~517.2112 Supported Prepayment/Curtailment Interest Shortfall ~~65,888~~0.7000 Net Servicing Fee 1470,~~439~~517.5112

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 1011 0 0 0 1011 4,~~192~~171,~~268~~445.0566 0.00 0.00 0.00 4,~~192~~171,~~268~~445.0566 60 Days 2 01 0 0 23 ~~743~~1,~~693~~047,557.9390 0312,713.0063 0.00 0.00 ~~743~~1,~~693~~360,271.9353 90 Days 0 0 10 0 10 0.00 0.00 ~~293,357~~0.6700 0.00 ~~293,357~~0.6700 120 Days 02 0 0 0 02 0744,031.0026 0.00 0.00 0.00 0744,031.0026 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 1215 0 1 0 130 416 5,~~935~~963,~~961~~034.9882 312,713.63 0.00 ~~293,357.67~~ 0.00 56,~~229~~275,~~319~~748.6545 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 12.~~661130~~208835% 0.000000% 0.000000% 0.000000% 12.~~661130~~208835% 12.~~671442~~033361% 0.000000% 0.000000% 0.000000% 12.~~671442~~033361% 60 Days 0.~~332226~~401606% 0.~~000000~~200803% 0.000000% 0.000000% 0.~~332226~~602410% 0.~~296508~~510630% 0.~~000000~~152432% 0.000000% 0.000000% 0.~~296508~~663061% 90 Days 0.000000% 0.000000% 0.~~166113~~000000% 0.000000% 0.~~166113~~000000% 0.000000% 0.000000% 0.~~116961~~000000% 0.000000% 0.~~116961~~000000% 120 Days 0.~~000000~~401606% 0.000000% 0.000000% 0.000000% 0.~~000000~~401606% 0.~~000000~~362676% 0.000000% 0.000000% 0.000000% 0.~~000000~~362676% 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 13.~~993355~~012048% 0.~~000000~~200803% 0.~~166113~~000000% 0.000000% 23.~~159468~~212851% 12.~~967950~~906667% 0.~~000000~~152432% 0.~~116961~~000000% 0.000000% 23.~~084911~~059099%

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 01 0 0 0 01 0410,163.0073 0.00 0.00 0.00 0410,163.0073 90 Days 0 0 10 0 10 0.00 0.00 ~~293,357~~0.6700 0.00 ~~293,357~~0.6700 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 1 410,163.73 0.00 0.00 ~~293,357.67~~ 0.00 ~~293~~410,~~357~~163.6773 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 02.~~000000~~500000% 0.000000% 0.000000% 0.000000% 02.~~000000~~500000% 02.~~000000~~480100% 0.000000% 0.000000% 0.000000% 02.~~000000~~480100% 90 Days 0.000000% 0.000000% 20.~~222222~~000000% 0.000000% 20.~~222222~~000000% 0.000000% 0.000000% 10.~~573070~~000000% 0.000000% 10.~~573070~~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.~~000000~~500000% 0.000000% 20.~~222222~~000000% 0.000000% 2.~~222222~~500000% 02.~~000000~~480100% 0.000000% 10.~~573070~~000000% 0.000000% 12.~~573070~~480100% 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 02 0 0 0 02 0688,987.0007 0.00 0.00 0.00 0688,987.0007 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 02 0 0 0 02 0688,987.0007 0.00 0.00 0.00 0688,987.0007 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 09.~~000000~~090909% 0.000000% 0.000000% 0.000000% 09.~~000000~~090909% 08.~~000000~~191656% 0.000000% 0.000000% 0.000000% 08.~~000000~~191656% 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 09.~~000000~~090909% 0.000000% 0.000000% 0.000000% 09.~~000000~~090909% 08.~~000000~~191656% 0.000000% 0.000000% 0.000000% 08.~~000000~~191656% 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 10 0 0 0 10 ~~396,880~~0.3000 0.00 0.00 0.00 ~~396,880~~0.3000 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0396,880.0030 0.00 0.00 0.00 0396,880.0030 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 1 396,880.30 0.00 0.00 0.00 396,880.30 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 70.~~142857~~000000% 0.000000% 0.000000% 0.000000% 70.~~142857~~000000% 70.~~184526~~000000% 0.000000% 0.000000% 0.000000% 70.~~184526~~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 08.~~000000~~333333% 0.000000% 0.000000% 0.000000% 08.~~000000~~333333% 08.~~000000~~873044% 0.000000% 0.000000% 0.000000% 08.~~000000~~873044% 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 78.~~142857~~333333% 0.000000% 0.000000% 0.000000% 78.~~142857~~333333% 78.~~184526~~873044% 0.000000% 0.000000% 0.000000% 78.~~184526~~873044% 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 76 0 0 0 76 32,~~213~~389,~~351~~259.6825 0.00 0.00 0.00 32,~~213~~389,~~351~~259.6825 60 Days 01 0 0 0 01 0637,394.0017 0.00 0.00 0.00 0637,394.0017 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 7 0 0 0 7 3,~~213~~026,~~351~~653.6842 0.00 0.00 0.00 3,~~213~~026,~~351~~653.6842 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~439024~~531646% 0.000000% 0.000000% 0.000000% 2.~~439024~~531646% 2.~~767173~~541375% 0.000000% 0.000000% 0.000000% 2.~~767173~~541375% 60 Days 0.~~000000~~421941% 0.000000% 0.000000% 0.000000% 0.~~000000~~421941% 0.~~000000~~677975% 0.000000% 0.000000% 0.000000% 0.~~000000~~677975% 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.~~439024~~953586% 0.000000% 0.000000% 0.000000% 2.~~439024~~953586% 23.~~767173~~219350% 0.000000% 0.000000% 0.000000% 23.~~767173~~219350% 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 01 0 0 0 01 0647,405.0084 0.00 0.00 0.00 0647,405.0084 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 01 0 0 0 01 0647,405.0084 0.00 0.00 0.00 0647,405.0084 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~000000~~448276% 0.000000% 0.000000% 0.000000% 03.~~000000~~448276% 03.~~000000~~568499% 0.000000% 0.000000% 0.000000% 03.~~000000~~568499% 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 03.~~000000~~448276% 0.000000% 0.000000% 0.000000% 03.~~000000~~448276% 03.~~000000~~568499% 0.000000% 0.000000% 0.000000% 03.~~000000~~568499% 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 32 0 0 0 32 ~~978~~445,~~916~~793.3750 0.00 0.00 0.00 ~~978~~445,~~916~~793.3750 60 Days 0 1 0 0 0 1 ~~346~~0.00 312,~~813~~713.63 0.00 0.00 ~~0.00 346~~312,~~813~~713.63 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0347,150.0096 0.00 0.00 0.00 0347,150.0096 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 43 01 0 0 4 1792,~~325,730~~944.0046 0312,713.0063 0.00 0.00 1,~~325~~105,~~730~~658.0009 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~570681~~324503% 0.000000% 0.000000% 0.000000% 1.~~570681~~324503% 10.~~275193~~741742% 0.000000% 0.000000% 0.000000% 10.~~275193~~741742% 60 Days 0.~~523560~~000000% 0.~~000000~~662252% 0.000000% 0.000000% 0.~~523560~~662252% 0.~~451779~~000000% 0.~~000000~~520314% 0.000000% 0.000000% 0.~~451779~~520314% 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~~662252% 0.000000% 0.000000% 0.000000% 0.~~000000~~662252% 0.~~000000~~577613% 0.000000% 0.000000% 0.000000% 0.~~000000~~577613% 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 21.~~094241~~986755% 0.~~000000~~662252% 0.000000% 0.000000% 2.~~094241~~649007% 1.~~726972~~319355% 0.~~000000~~520314% 0.000000% 0.000000% 1.~~726972~~839669% 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 3136,~~510~~844.2253

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% ~~233~~189,~~252~~651,~~596~~732.1188 9392.~~07583278~~52816112% 67.~~924167~~471839% 0.000000% Class 2A 779,068,922.00 87.66353484% ~~225~~183,~~368~~127,~~641~~663.3913 89.~~92986286~~34516792% 3.~~145970~~182993% 3027.~~097649~~393707% Class R-I 779,068,872.00 87.66352922% ~~225~~183,~~368~~127,~~641~~663.3913 89.~~92986286~~34516792% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% ~~225~~183,~~368~~127,~~641~~663.3913 89.~~92986286~~34516792% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% ~~225~~183,~~368~~127,~~641~~663.3913 89.~~92986286~~34516792% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% ~~225~~183,~~368~~127,~~641~~663.3913 89.~~92986286~~34516792% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% ~~220~~179,~~395~~152,~~171~~222.9119 87.~~94527696~~40561148% 1.~~984586~~939556% 1816.~~986631~~692351% Class V-A 295,577,122.00 33.25936204% 9880,~~731~~185,~~379~~594.9319 39.~~39722671~~12131709% 67.~~953688~~656141% 6665.~~526275~~890837% Class B-1 19,551,822.00 2.20003877% 1513,~~367~~972,~~604~~123.9692 6.~~13220454~~81678418% 4.~~320339~~802648% 41.332898% Class B-2 11,109,122.00 1.25003690% 87,~~731~~938,~~697~~801.7131 3.~~48424862~~87321896% 2.~~647956~~943565% 25.333124% Class B-3 6,665,722.00 0.75005014% 54,~~239~~763,~~214~~458.2363 2.~~09062722~~32401814% 1.~~393621~~549201% 13.332844% Class B-4 4,443,922.00 0.50004550% 3,~~492~~175,~~893~~715.8983 1.~~39378516~~54938287% 0.~~696842~~774635% 6.666722% Class B-5 2,222,022.00 0.25002962% 1,~~746~~587,~~494~~901.9556 0.~~69691174~~77471273% 0.~~696873~~774670% 6.667022% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~696912~~774713% 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.~~254524~~238464% Weighted Average Net Coupon 5.~~918655~~900799% Weighted Average Pass-Through Rate 5.~~918655~~900799% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count ~~687~~602 Number Of Loans Paid In Full 85104 Ending Scheduled Collateral Loan Count ~~602~~498 Beginning Scheduled Collateral Balance ~~286~~250,~~998~~604,~~800~~898.1733 Ending Scheduled Collateral Balance ~~250~~204,~~604~~966,~~898~~499.3348 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~250~~205,~~817~~150,~~391~~248.9800 Monthly P &I Constant 1,~~775~~552,~~687~~635.2213 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3544,~~818~~362,~~471~~866.9831 Ending Scheduled Balance for Premium Loans ~~250~~204,~~604~~966,~~898~~499.3348 Scheduled Principal ~~279~~249,~~819~~810.8936 Unscheduled Principal 3645,~~114~~388,~~081~~588.9549

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage 1 93.~~304580~~197010% Senior Percentage 2 8279.~~468027~~494404% Senior Percentage 3 90.~~773748~~147497% Senior Percentage 4 9089.~~504936~~837553% Senior Percentage 5 87.~~627613~~233458% Senior Percentage 6 90.~~762677~~058471% Senior Percentage 7 9290.~~185000~~018534% Senior Prep Percentage 1 96.~~652290~~598505% Senior Prep Percentage 2 9189.~~234014~~747202% Senior Prep Percentage 3 95.~~386874~~073749% Senior Prep Percentage 4 9594.~~252468~~918777% Senior Prep Percentage 5 93.~~813807~~616729% Senior Prep Percentage 6 95.~~381338~~029235% Senior Prep Percentage 7 9695.~~092500~~009267% Subordinate Percentage 1 6.~~695420~~802990% Subordinate Percentage 2 1720.~~531973~~505596% Subordinate Percentage 3 9.~~226252~~852503% Subordinate Percentage 4 910.~~495064~~162447% Subordinate Percentage 5 12.~~372387~~766542% Subordinate Percentage 6 9.~~237323~~941529% Subordinate Percentage 7 79.~~815000~~981466% Subordinate Prep Percentage 1 3.~~347710~~401495% Subordinate Prep Percentage 2 810.~~765986~~252798% Subordinate Prep Percentage 3 4.~~613126~~926251% Subordinate Prep Percentage 4 45.~~747532~~081223% Subordinate Prep Percentage 5 6.~~186193~~383271% Subordinate Prep Percentage 6 4.~~618662~~970765% Subordinate Prep Percentage 7 34.~~907500~~990733%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 54.~~023669~~921006 5.~~718747~~704979 6.~~667189~~689830 Weighted Average Net Rate 4.~~648669~~546006 5.~~468747~~454980 6.~~292188~~314828 Weighted Average Maturity ~~300~~299 ~~342~~341 ~~326~~325 Beginning Loan Count 4745 3325 1614 Loans Paid In Full 25 83 2 Ending Loan Count 4540 2522 1412 Beginning Scheduled Balance 1918,~~255~~618,~~069~~947.3835 139,~~297~~917,~~411~~622.3534 65,~~273~~517,~~494~~035.9056 Ending scheduled Balance 1816,~~618~~508,~~947~~365.3506 98,~~917~~401,~~622~~049.3462 54,~~517~~466,~~035~~943.5653 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~118~~113,~~455~~258.9892 7858,~~874~~820.1987 4237,~~355~~522.2073 Scheduled Principal 3736,~~846~~905.7463 1511,~~503~~671.7501 76,~~499~~766.7204 Unscheduled Principal ~~598~~2,~~275~~073,676.2966 31,~~364~~504,~~285~~901.2671 ~~748~~1,~~959~~043,325.6299 Scheduled Interest 8076,~~609~~353.2429 6347,~~370~~149.4486 3430,~~855~~756.4869 Servicing Fees 65,~~017~~818.2142 2,~~770~~066.2917 1,~~960~~724.4708 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 7470,~~592~~534.0387 6045,~~600~~083.1569 3229,~~895~~032.0161 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.~~648669~~546006 5.~~468747~~454979 6.~~292189~~314830

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~303614~~306034 6.~~483411~~484878 6.~~387052~~388599 Weighted Average Net Rate 6.~~000846~~000987 6.~~108411~~109878 6.~~012052~~013599 Weighted Average Maturity ~~340~~339 ~~334~~333 ~~343~~342 Beginning Loan Count ~~328~~287 3432 ~~216~~191 Loans Paid In Full 4150 23 2540 Ending Loan Count ~~287~~237 3229 ~~191~~151 Beginning Scheduled Balance ~~132~~116,~~470~~028,~~008~~882.1355 2119,~~272~~976,~~808~~604.8730 8876,~~478~~719,~~188~~078.6456 Ending scheduled Balance ~~116~~93,~~028~~937,~~882~~057.5566 1918,~~976~~123,~~604~~116.3016 7660,~~719~~061,~~078~~420.5682 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~826~~725,~~260~~540.8535 ~~138~~130,~~324~~146.6293 ~~532~~462,705.3465 Scheduled Principal ~~130~~115,~~394~~805.3229 2322,~~390~~192.9806 6154,~~776~~266.3615 Unscheduled Principal 1621,~~310~~976,~~731~~019.2660 1,~~272~~831,~~813~~296.5908 1116,~~697~~603,~~333~~391.7259 Scheduled Interest ~~695~~609,~~866~~735.5306 ~~114~~107,~~933~~954.6487 ~~470~~408,~~928~~439.9850 Servicing Fees 3329,~~423~~495.1019 6,~~647~~242.7569 2723,~~649~~974.4472 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 ~~662~~580,~~443~~239.4387 ~~108~~101,~~285~~712.8918 ~~443~~384,~~279~~464.5478 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.~~000846~~000987 6.~~108411~~109878 6.~~012052~~013599

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~117761~~035410 6.~~254524~~238464 Weighted Average Net Rate 6.~~742760~~660411 5.~~918655~~900799 Weighted Average Maturity ~~338~~337.00 ~~338~~337.00 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant 3824,~~711~~639.0468 1,~~775~~552,~~687~~635.2213 Beginning Loan Count 138 ~~687~~602 Loans Paid In Full 51 85104 Ending Loan Count 87 ~~602~~498 Beginning Scheduled Balance 53,~~951~~826,~~818~~727.9067 ~~286~~250,~~998~~604,~~800~~898.1733 Ending Scheduled Balance 3,~~826~~468,~~727~~546.6763 ~~250~~204,~~604~~966,~~898~~499.3348 Scheduled Principal 32,~~408~~204.0218 ~~279~~249,~~819~~810.8936 Unscheduled Principal 2355,~~121,683~~976.2186 3645,~~114~~388,~~081~~588.9549 Scheduled Interest 3522,~~303~~435.0250 1,~~495~~302,~~867~~824.3377 Servicing Fee 1,~~859~~195.9585 8070,~~328~~517.2112 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 3321,~~443~~239.0765 1,~~415~~232,~~539~~307.1265 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~~660410 5.~~918655~~900799

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