8-K 1 bst03003.txt SEPTEMBER 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): September 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-29 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 September 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-3 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 2003-3 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 2003-3 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: 9/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 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: 2003-3 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MUG5 SEN 3.~~66333~~62846% 43,~~426~~772,~~885~~696.1314 1311,~~501~~393.5244 ~~654~~538,~~188~~348.9969 I-X-A-1 07384MUH3 SEN 0.87100% 0.00 32,~~210~~734.1596 0.00 I-A-2 07384MUJ9 SEN 4.~~53433~~49946% 2723,~~835~~721,~~375~~965.7007 ~~105~~88,~~079~~836.6353 43,~~113~~385,~~410~~029.6381 R-I 07384MUT7 SEN 4.~~54283~~54071% 0.00 0.00 0.00 R-II 07384MUU4 SEN 4.~~54283~~54071% 0.00 0.00 0.00 R-III 07384MUV2 SEN 4.~~54283~~54071% 0.00 0.00 0.00 II-A-1 07384MUL4 SEN 4.~~30583~~29784% 2219,~~019~~666,~~443~~564.9973 7870,~~935~~349.4722 21,~~352~~429,~~879~~535.2688 II-X-A-1 07384MUZ3 SEN 0.84300% 0.00 1513,~~454~~798.0565 0.00 II-A-2 07384MUM2 SEN 4.~~23583~~22784% ~~124~~110,~~189~~919,~~664~~425.0907 ~~437~~390,~~958~~307.4732 138,~~270~~062,~~239~~582.0237 II-X-A-2 07384MUN0 SEN 0.91300% 0.00 9484,~~398~~286.4268 0.00 II-A-3 07384MUK6 SEN 4.~~27583~~26784% 2623,~~423~~599,~~332~~877.7867 9483,~~062~~829.6080 21,~~823~~715,~~455~~443.1106 II-X-A-3 07384MUQ3 SEN 0.87300% 0.00 1917,~~204~~147.8265 0.00 II-A-4 07384MVA7 SEN 3.52600% 4843,~~546~~358,~~092~~717.0092 ~~142~~127,~~509~~244.9258 53,~~187~~151,~~374~~686.0832 II-X-A-4 07384MVB5 SEN 1.~~62283~~61484% 0.00 6558,~~589~~275.9056 0.00 III-A-1 07384MUP5 SEN 5.~~20258~~19940% ~~181~~168,~~506~~133,~~690~~868.3088 ~~786~~727,~~176~~593.6434 1318,~~372~~667,~~821~~906.4244 III-A-2 07384MUR1 SEN 4.~~55558~~55240% ~~140~~130,~~691~~325,~~188~~520.4116 ~~533~~493,~~604~~798.3290 1014,~~365~~470,~~668~~044.2681 III-X-A-2 07384MVE9 SEN 0.64700% 0.00 7570,~~784~~180.3815 0.00 III-A-3 07384MVC3 SEN 4.~~06758~~06440% ~~143~~133,~~751~~160,~~198~~078.2343 ~~486~~450,~~806~~454.5025 1014,~~591~~784,~~119~~765.8187 III-X-A-3 07384MVD1 SEN 1.13500% 0.00 ~~135~~125,~~836~~791.3026 0.00 IV-A-1 07384MUS9 SEN 5.~~66083~~64983% 7870,~~139~~332,~~147~~100.0643 ~~368~~330,~~262~~726.2189 7,~~807~~454,~~046~~584.6319 B-1 07384MUW0 SUB 5.~~20564~~19900% 8,~~951~~943,~~120~~150.5822 38,~~793~~698.6119 78,~~970~~023.3537 B-2 07384MUX8 SUB 5.~~20564~~19900% 7,~~160~~154,~~956~~579.3097 3130,~~035~~958.1581 6,~~376~~418.3475 B-3 07384MUY6 SUB 5.~~20564~~19900% 4,~~923~~918,~~076~~692.4276 21,~~336~~283.3183 4,~~383~~412.6682 B-4 07384MVF6 SUB 5.~~20564~~19900% 2,~~237~~235,~~780~~787.1456 9,~~698~~674.4055 12,~~992~~005.5984 B-5 07384MVG4 SUB 5.~~20564~~19900% 1,~~342~~341,~~747~~552.8825 5,~~819~~805.3907 1,~~195~~203.6258 B-6 07384MVH2 SUB 5.~~20564~~19900% 1,~~790~~788,~~371~~777.8262 7,~~759~~740.3628 1,~~594~~604.2081 Totals ~~823~~753,~~935~~373,~~070~~354.8388 3,~~570~~260,~~817~~909.5291 7073,~~561~~683,~~715~~596.9761

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 3,~~772~~234,~~696~~347.1445 ~~667~~549,~~690~~742.5113 0.00 I-X-A-1 0.00 0.00 32,~~210~~734.1596 0.00 I-A-2 0.00 2320,~~721~~336,~~965~~935.0726 43,~~218~~473,~~490~~866.2634 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 II-A-1 0.00 1918,~~666~~237,~~564~~028.7385 21,~~431~~499,~~814~~885.7310 0.00 II-X-A-1 0.00 0.00 1513,~~454~~798.0565 0.00 II-A-2 0.00 ~~110~~102,~~919~~856,~~425~~842.0770 138,~~708~~452,~~197~~889.4969 0.00 II-X-A-2 0.00 0.00 9484,~~398~~286.4268 0.00 II-A-3 0.00 2321,~~599~~884,~~877~~434.6762 21,~~917~~799,~~517~~272.7186 0.00 II-X-A-3 0.00 0.00 1917,~~204~~147.8265 0.00 II-A-4 0.00 4340,~~358~~207,~~717~~031.9260 53,~~329~~278,~~884~~930.0090 0.00 II-X-A-4 0.00 0.00 6558,~~589~~275.9056 0.00 III-A-1 0.00 ~~168~~149,~~133~~465,~~868~~962.8844 1419,~~158~~395,~~998~~499.0678 0.00 III-A-2 0.00 ~~130~~115,~~325~~855,~~520~~475.1634 1014,~~899~~963,~~272~~843.5871 0.00 III-X-A-2 0.00 0.00 7570,~~784~~180.3815 0.00 III-A-3 0.00 ~~133~~118,~~160~~375,~~078~~312.4356 1115,~~077~~235,~~926~~220.3112 0.00 III-X-A-3 0.00 0.00 ~~135~~125,~~836~~791.3026 0.00 IV-A-1 0.00 7062,~~332~~877,~~100~~516.4324 87,~~175~~785,~~308~~311.8408 0.00 B-1 0.00 8,~~943~~935,~~150~~126.2285 46,~~763~~721.9656 0.00 B-2 0.00 7,~~154~~148,~~579~~161.9722 37,~~411~~377.4956 0.00 B-3 0.00 4,~~918~~914,~~692~~279.7695 25,~~719~~696.9765 0.00 B-4 0.00 2,~~235~~233,~~787~~781.5671 11,~~690~~680.9939 0.00 B-5 0.00 1,~~341~~340,~~552~~348.2567 7,~~015~~008.0165 0.00 B-6 0.00 1,~~788~~787,~~777~~172.6282 9,~~353~~345.5609 0.00 Totals 0.00 ~~753~~679,~~373~~689,~~354~~758.8828 7476,~~132~~944,~~533~~506.4952 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-1 5,009,700.00 43,~~426~~772,~~885~~696.1314 5,~~907~~159.9811 ~~648~~533,~~281~~189.0158 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 31,500,000.00 2723,~~835~~721,~~375~~965.7007 3732,~~148~~439.2146 43,~~076~~352,~~262~~590.4235 0.00 0.00 R-I 100.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 25,000,000.00 2219,~~019~~666,~~443~~564.9973 2220,~~404~~351.1319 21,~~330~~409,~~475~~184.1369 0.00 0.00 II-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 II-A-2 141,000,000.00 ~~124~~110,~~189~~919,~~664~~425.0907 ~~126~~114,~~359~~780.2870 137,~~143~~947,~~879~~801.7467 0.00 0.00 II-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-3 30,000,000.00 2623,~~423~~599,~~332~~877.7867 2624,~~884~~421.9542 21,~~796~~691,~~570~~021.1663 0.00 0.00 II-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-4 55,117,300.00 4843,~~546~~358,~~092~~717.0092 4944,~~394~~868.2010 53,~~137~~106,~~979~~818.8822 0.00 0.00 II-X-A-4 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 192,871,000.00 ~~181~~168,~~506~~133,~~690~~868.3088 ~~166~~153,~~493~~849.2274 1318,~~206~~514,~~328~~056.2070 0.00 0.00 III-A-2 149,500,000.00 ~~140~~130,~~691~~325,~~188~~520.4116 ~~129~~119,~~053~~253.8147 1014,~~236~~350,~~614~~791.4534 0.00 0.00 III-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 III-A-3 152,751,600.00 ~~143~~133,~~751~~160,~~198~~078.2343 ~~131~~121,~~860~~847.7121 1014,~~459~~662,~~259~~918.1065 0.00 0.00 III-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 IV-A-1 88,255,300.00 7870,~~139~~332,~~147~~100.0643 1514,~~343~~975.2610 7,~~791~~439,~~703~~609.3709 0.00 0.00 B-1 8,974,800.00 8,~~951~~943,~~120~~150.5822 78,~~970~~023.3537 0.00 0.00 0.00 B-2 7,179,900.00 7,~~160~~154,~~956~~579.3097 6,~~376~~418.3475 0.00 0.00 0.00 B-3 4,936,100.00 4,~~923~~918,~~076~~692.4276 4,~~383~~412.6682 0.00 0.00 0.00 B-4 2,243,700.00 2,~~237~~235,~~780~~787.1456 12,~~992~~005.5984 0.00 0.00 0.00 B-5 1,346,300.00 1,~~342~~341,~~747~~552.8825 1,~~195~~203.6258 0.00 0.00 0.00 B-6 1,795,108.62 1,~~790~~788,~~371~~777.8262 1,~~594~~604.2081 0.00 0.00 0.00 Totals 897,481,008.62 ~~823~~753,~~935~~373,~~070~~354.8388 ~~734~~675,~~362~~614.5167 6973,~~827~~007,~~353~~981.4692 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-1 ~~654~~538,~~188~~348.9969 3,~~772~~234,~~696~~347.1445 0.~~75307826~~64561699 ~~654~~538,~~188~~348.9969 I-X-A-1 0.00 0.00 0.00000000 0.00 I-A-2 43,~~113~~385,~~410~~029.6381 2320,~~721~~336,~~965~~935.0726 0.~~75307826~~64561699 43,~~113~~385,~~410~~029.6381 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 II-A-1 21,~~352~~429,~~879~~535.2688 1918,~~666~~237,~~564~~028.7385 0.~~78666259~~72948115 21,~~352~~429,~~879~~535.2688 II-X-A-1 0.00 0.00 0.00000000 0.00 II-A-2 138,~~270~~062,~~239~~582.0237 ~~110~~102,~~919~~856,~~425~~842.0770 0.~~78666259~~72948115 138,~~270~~062,~~239~~582.0237 II-X-A-2 0.00 0.00 0.00000000 0.00 II-A-3 21,~~823~~715,~~455~~443.1106 2321,~~599~~884,~~877~~434.6762 0.~~78666259~~72948115 21,~~823~~715,~~455~~443.1106 II-X-A-3 0.00 0.00 0.00000000 0.00 II-A-4 53,~~187~~151,~~374~~686.0832 4340,~~358~~207,~~717~~031.9260 0.~~78666259~~72948115 53,~~187~~151,~~374~~686.0832 II-X-A-4 0.00 0.00 0.00000000 0.00 III-A-1 1318,~~372~~667,~~821~~906.4244 ~~168~~149,~~133~~465,~~868~~962.8844 0.~~87174261~~77495301 1318,~~372~~667,~~821~~906.4244 III-A-2 1014,~~365~~470,~~668~~044.2681 ~~130~~115,~~325~~855,~~520~~475.1634 0.~~87174261~~77495301 1014,~~365~~470,~~668~~044.2681 III-X-A-2 0.00 0.00 0.00000000 0.00 III-A-3 1014,~~591~~784,~~119~~765.8187 ~~133~~118,~~160~~375,~~078~~312.4356 0.~~87174261~~77495301 1014,~~591~~784,~~119~~765.8187 III-X-A-3 0.00 0.00 0.00000000 0.00 IV-A-1 7,~~807~~454,~~046~~584.6319 7062,~~332~~877,~~100~~516.4324 0.~~79691645~~71245031 7,~~807~~454,~~046~~584.6319 B-1 78,~~970~~023.3537 8,~~943~~935,~~150~~126.2285 0.~~99647348~~99557949 78,~~970~~023.3537 B-2 6,~~376~~418.3475 7,~~154~~148,~~579~~161.9722 0.~~99647348~~99557950 6,~~376~~418.3475 B-3 4,~~383~~412.6682 4,~~918~~914,~~692~~279.7695 0.~~99647348~~99557950 4,~~383~~412.6682 B-4 12,~~992~~005.5984 2,~~235~~233,~~787~~781.5671 0.~~99647349~~99557949 12,~~992~~005.5984 B-5 1,~~195~~203.6258 1,~~341~~340,~~552~~348.2567 0.~~99647348~~99557949 1,~~195~~203.6258 B-6 1,~~594~~604.2081 1,~~788~~787,~~777~~172.6282 0.~~99647319~~99557921 1,~~594~~604.2081 Totals 7073,~~561~~683,~~715~~596.9761 ~~753~~679,~~373~~689,~~354~~758.8828 0.~~83943097~~75733052 7073,~~561~~683,~~715~~596.9761

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 5,009,700.00 ~~883~~753.~~66272032~~07825618 1.~~17930814~~02982414 ~~129~~106.~~40515600~~43143901 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 31,500,000.00 ~~883~~753.~~66272063~~07825619 1.~~17930825~~02982413 ~~129~~106.~~40515619~~43143968 0.00000000 R-I 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 25,000,000.00 ~~880~~786.~~77775960~~66258920 0.~~89616520~~81404760 9356.~~21900520~~36738760 0.00000000 II-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 141,000,000.00 ~~880~~786.~~77775950~~66258915 0.~~89616511~~81404752 9356.~~21900525~~36738773 0.00000000 II-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 30,000,000.00 ~~880~~786.~~77775933~~66258900 0.~~89616500~~81404733 9356.~~21900533~~36738767 0.00000000 II-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-4 55,117,300.00 ~~880~~786.~~77775943~~66258906 0.~~89616509~~81404750 9356.~~21900529~~36738773 0.00000000 II-X-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 192,871,000.00 ~~941~~871.~~07818335~~74260972 0.~~86323615~~79768208 6895.~~47233747~~99191532 0.00000000 III-A-2 149,500,000.00 ~~941~~871.~~07818334~~74260977 0.~~86323619~~79768207 6895.~~47233746~~99191532 0.00000000 III-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-3 152,751,600.00 ~~941~~871.~~07818334~~74260977 0.~~86323620~~79768205 6895.~~47233744~~99191531 0.00000000 III-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 88,255,300.00 ~~885~~796.~~37625570~~91645068 0.~~17385086~~16967933 8884.~~28595416~~29645687 0.00000000 B-1 8,974,800.00 ~~997~~996.~~36156572~~47348353 0.~~88808107~~89398872 0.00000000 0.00000000 B-2 7,179,900.00 ~~997~~996.~~36156492~~47348431 0.~~88808201~~89398877 0.00000000 0.00000000 B-3 4,936,100.00 ~~997~~996.~~36156480~~47348311 0.~~88808168~~89398918 0.00000000 0.00000000 B-4 2,243,700.00 ~~997~~996.~~36156349~~47348576 0.~~88808219~~89398761 0.00000000 0.00000000 B-5 1,346,300.00 ~~997~~996.~~36156874~~47348288 0.~~88807844~~89399094 0.00000000 0.00000000 B-6 1,795,108.62 ~~997~~996.~~36127388~~47319392 0.~~88807996~~89399047 0.00000000 0.00000000 all classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 ~~130~~107.~~58446414~~46126315 ~~753~~645.~~07825618~~61699303 0.~~75307826~~64561699 ~~130~~107.~~58446414~~46126315 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 ~~130~~107.~~58446444~~46126381 ~~753~~645.~~07825619~~61699238 0.~~75307826~~64561699 ~~130~~107.~~58446444~~46126381 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 9457.~~11517040~~18143520 ~~786~~729.~~66258920~~48115400 0.~~78666259~~72948115 9457.~~11517040~~18143520 II-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 9457.~~11517035~~18143525 ~~786~~729.~~66258915~~48115390 0.~~78666259~~72948115 9457.~~11517035~~18143525 II-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 9457.~~11517033~~18143533 ~~786~~729.~~66258900~~48115400 0.~~78666259~~72948115 9457.~~11517033~~18143533 II-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-4 0.00000000 9457.~~11517037~~18143523 ~~786~~729.~~66258906~~48115383 0.~~78666259~~72948115 9457.~~11517037~~18143523 II-X-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 6996.~~33557362~~78959740 ~~871~~774.~~74260972~~95301232 0.~~87174261~~77495301 6996.~~33557362~~78959740 III-A-2 0.00000000 6996.~~33557365~~78959739 ~~871~~774.~~74260977~~95301231 0.~~87174261~~77495301 6996.~~33557365~~78959739 III-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-3 0.00000000 6996.~~33557364~~78959742 ~~871~~774.~~74260977~~95301234 0.~~87174261~~77495301 6996.~~33557364~~78959742 III-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 0.00000000 8884.~~45980502~~46613620 ~~796~~712.~~91645068~~45031449 0.~~79691645~~71245031 8884.~~45980502~~46613620 B-1 0.00000000 0.~~88808107~~89398872 ~~996~~995.~~47348353~~57949481 0.~~99647348~~99557949 0.~~88808107~~89398872 B-2 0.00000000 0.~~88808201~~89398877 ~~996~~995.~~47348431~~57949554 0.~~99647348~~99557950 0.~~88808201~~89398877 B-3 0.00000000 0.~~88808168~~89398918 ~~996~~995.~~47348311~~57949596 0.~~99647348~~99557950 0.~~88808168~~89398918 B-4 0.00000000 0.~~88808219~~89398761 ~~996~~995.~~47348576~~57949369 0.~~99647349~~99557949 0.~~88808219~~89398761 B-5 0.00000000 0.~~88807844~~89399094 ~~996~~995.~~47348288~~57949194 0.~~99647348~~99557949 0.~~88807844~~89399094 B-6 0.00000000 0.~~88807996~~89399047 ~~996~~995.~~47319392~~57920902 0.~~99647319~~99557921 0.~~88807996~~89399047 (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-1 5,009,700.00 3.~~66333~~62846% 43,~~426~~772,~~885~~696.1314 1311,~~514~~407.2856 0.00 0.00 I-X-A-1 0.00 0.87100% 43,~~426~~772,~~885~~696.1314 32,~~213~~738.1835 0.00 0.00 I-A-2 31,500,000.00 4.~~53433~~49946% 2723,~~835~~721,~~375~~965.7007 ~~105~~88,~~178~~946.9469 0.00 0.00 R-I 100.00 4.~~54283~~54071% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~54283~~54071% 0.00 0.00 0.00 0.00 R-III 50.00 4.~~54283~~54071% 0.00 0.00 0.00 0.00 II-A-1 25,000,000.00 4.~~30583~~29784% 2219,~~019~~666,~~443~~564.9973 7970,~~010~~436.0646 0.00 0.00 II-X-A-1 0.00 0.84300% 2219,~~019~~666,~~443~~564.9973 1513,~~468~~815.6676 0.00 0.00 II-A-2 141,000,000.00 4.~~23583~~22784% ~~124~~110,~~189~~919,~~664~~425.0907 ~~438~~390,~~372~~791.3631 0.00 0.00 II-X-A-2 0.00 0.91300% ~~124~~110,~~189~~919,~~664~~425.0907 9484,~~487~~391.6420 0.00 0.00 II-A-3 30,000,000.00 4.~~27583~~26784% 2623,~~423~~599,~~332~~877.7867 9483,~~151~~933.4975 0.00 0.00 II-X-A-3 0.00 0.87300% 2623,~~423~~599,~~332~~877.7867 1917,~~222~~168.9791 0.00 0.00 II-A-4 55,117,300.00 3.52600% 4843,~~546~~358,~~092~~717.0092 ~~142~~127,~~644~~402.6037 0.00 0.00 II-X-A-4 0.00 1.~~62283~~61484% 4843,~~546~~358,~~092~~717.0092 6558,~~651~~347.8982 0.00 0.00 III-A-1 192,871,000.00 5.~~20258~~19940% ~~181~~168,~~506~~133,~~690~~868.3088 ~~786~~728,~~919~~495.6358 0.00 0.00 III-A-2 149,500,000.00 4.~~55558~~55240% ~~140~~130,~~691~~325,~~188~~520.4116 ~~534~~494,~~108~~411.6123 0.00 0.00 III-X-A-2 0.00 0.64700% ~~140~~130,~~691~~325,~~188~~520.4116 7570,~~856~~267.0018 0.00 0.00 III-A-3 152,751,600.00 4.~~06758~~06440% ~~143~~133,~~751~~160,~~198~~078.2343 ~~487~~451,~~266~~012.5683 0.00 0.00 III-X-A-3 0.00 1.13500% ~~143~~133,~~751~~160,~~198~~078.2343 ~~135~~125,~~964~~947.6724 0.00 0.00 IV-A-1 88,255,300.00 5.~~66083~~64983% 7870,~~139~~332,~~147~~100.0643 ~~368~~331,~~610~~137.2501 0.00 0.00 B-1 8,974,800.00 5.~~20564~~19900% 8,~~951~~943,~~120~~150.5822 38,~~830~~746.2718 0.00 0.00 B-2 7,179,900.00 5.~~20564~~19900% 7,~~160~~154,~~956~~579.3097 3130,~~064~~997.4820 0.00 0.00 B-3 4,936,100.00 5.~~20564~~19900% 4,~~923~~918,~~076~~692.4276 21,~~356~~310.4823 0.00 0.00 B-4 2,243,700.00 5.~~20564~~19900% 2,~~237~~235,~~780~~787.1456 9,~~707~~686.5755 0.00 0.00 B-5 1,346,300.00 5.~~20564~~19900% 1,~~342~~341,~~747~~552.8825 5,~~824~~812.8927 0.00 0.00 B-6 1,795,108.62 5.~~20564~~19900% 1,~~790~~788,~~371~~777.8262 7,~~766~~749.7088 0.00 0.00 Totals 897,481,008.62 3,~~574~~264,~~192~~953.1856 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 1214.7613 0.00 1311,~~501~~393.5244 0.00 3,~~772~~234,~~696~~347.1445 I-X-A-1 3.0339 0.00 32,~~210~~734.1596 0.00 3,~~772~~234,~~696~~347.1445 I-A-2 99110.3116 0.00 ~~105~~88,~~079~~836.6353 0.00 2320,~~721~~336,~~965~~935.0726 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 II-A-1 7487.6024 0.00 7870,~~935~~349.4722 0.00 1918,~~666~~237,~~564~~028.7385 II-X-A-1 1417.6111 0.00 1513,~~454~~798.0565 0.00 1918,~~666~~237,~~564~~028.7385 II-A-2 ~~413~~483.9099 0.00 ~~437~~390,~~958~~307.4732 0.00 ~~110~~102,~~919~~856,~~425~~842.0770 II-X-A-2 89104.2152 0.00 9484,~~398~~286.4268 0.00 ~~110~~102,~~919~~856,~~425~~842.0770 II-A-3 88103.9095 0.00 9483,~~062~~829.6080 0.00 2321,~~599~~884,~~877~~434.6762 II-X-A-3 1821.1526 0.00 1917,~~204~~147.8265 0.00 2321,~~599~~884,~~877~~434.6762 II-A-4 ~~134~~157.6879 0.00 ~~142~~127,~~509~~244.9258 0.00 4340,~~358~~207,~~717~~031.9260 II-X-A-4 6172.9926 0.00 6558,~~589~~275.9056 0.00 4340,~~358~~207,~~717~~031.9260 III-A-1 ~~742~~902.9924 0.00 ~~786~~727,~~176~~593.6434 0.00 ~~168~~149,~~133~~465,~~868~~962.8844 III-A-2 ~~504~~612.2933 0.00 ~~533~~493,~~604~~798.3290 0.00 ~~130~~115,~~325~~855,~~520~~475.1634 III-X-A-2 7187.6203 0.00 7570,~~784~~180.3815 0.00 ~~130~~115,~~325~~855,~~520~~475.1634 III-A-3 ~~460~~558.0658 0.00 ~~486~~450,~~806~~454.5025 0.00 ~~133~~118,~~160~~375,~~078~~312.4356 III-X-A-3 ~~128~~155.3799 0.00 ~~135~~125,~~836~~791.3026 0.00 ~~133~~118,~~160~~375,~~078~~312.4356 IV-A-1 ~~348~~410.0311 0.00 ~~368~~330,~~262~~726.2189 0.00 7062,~~332~~877,~~100~~516.4324 B-1 3647.6699 0.00 38,~~793~~698.6119 0.00 8,~~943~~935,~~150~~126.2285 B-2 2938.3339 0.00 3130,~~035~~958.1581 0.00 7,~~154~~148,~~579~~161.9722 B-3 2026.1639 0.00 21,~~336~~283.3183 0.00 4,~~918~~914,~~692~~279.7695 B-4 912.1700 0.00 9,~~698~~674.4055 0.00 2,~~235~~233,~~787~~781.5671 B-5 57.5020 0.00 5,~~819~~805.3907 0.00 1,~~341~~340,~~552~~348.2567 B-6 79.3360 0.00 7,~~759~~740.3628 0.00 1,~~788~~787,~~777~~172.6282 Totals 34,~~374~~043.65 0.00 3,~~570~~260,~~817~~909.5291 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-1 5,009,700.00 3.~~66333~~62846% ~~883~~753.~~66272032~~07825618 2.~~69762261~~27709444 0.00000000 0.00000000 I-X-A-1 0.00 0.87100% ~~883~~753.~~66272032~~07825618 0.~~64139170~~54660958 0.00000000 0.00000000 I-A-2 31,500,000.00 4.~~53433~~49946% ~~883~~753.~~66272063~~07825619 32.~~33901397~~82370444 0.00000000 0.00000000 R-I 100.00 4.~~54283~~54071% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~54283~~54071% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.~~54283~~54071% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 25,000,000.00 4.~~30583~~29784% ~~880~~786.~~77775960~~66258920 32.~~16040240~~81745840 0.00000000 0.00000000 II-X-A-1 0.00 0.84300% ~~880~~786.~~77775960~~66258920 0.~~61874640~~55263040 0.00000000 0.00000000 II-A-2 141,000,000.00 4.~~23583~~22784% ~~880~~786.~~77775950~~66258915 32.~~10902383~~77156957 0.00000000 0.00000000 II-X-A-2 0.00 0.91300% ~~880~~786.~~77775950~~66258915 0.~~67012511~~59851915 0.00000000 0.00000000 II-A-3 30,000,000.00 4.~~27583~~26784% ~~880~~786.~~77775933~~66258900 32.~~13838300~~79779167 0.00000000 0.00000000 II-X-A-3 0.00 0.87300% ~~880~~786.~~77775933~~66258900 0.~~64076567~~57229700 0.00000000 0.00000000 II-A-4 55,117,300.00 3.52600% ~~880~~786.~~77775943~~66258906 2.~~58801864~~31147698 0.00000000 0.00000000 II-X-A-4 0.00 1.~~62283~~61484% ~~880~~786.~~77775943~~66258906 1.~~19113037~~05861172 0.00000000 0.00000000 III-A-1 192,871,000.00 5.~~20258~~19940% ~~941~~871.~~07818335~~74260972 43.~~08003085~~77711310 0.00000000 0.00000000 III-A-2 149,500,000.00 4.~~55558~~55240% ~~941~~871.~~07818334~~74260977 3.~~57263284~~30709853 0.00000000 0.00000000 III-X-A-2 0.00 0.64700% ~~941~~871.~~07818334~~74260977 0.~~50739799~~47001458 0.00000000 0.00000000 III-A-3 152,751,600.00 4.~~06758~~06440% ~~941~~871.~~07818334~~74260977 32.~~18992770~~95258989 0.00000000 0.00000000 III-X-A-3 0.00 1.13500% ~~941~~871.~~07818334~~74260977 0.~~89010308~~82452321 0.00000000 0.00000000 IV-A-1 88,255,300.00 5.~~66083~~64983% ~~885~~796.~~37625570~~91645068 43.~~17663585~~75203540 0.00000000 0.00000000 B-1 8,974,800.00 5.~~20564~~19900% ~~997~~996.~~36156572~~47348353 4.~~32658889~~31721933 0.00000000 0.00000000 B-2 7,179,900.00 5.~~20564~~19900% ~~997~~996.~~36156492~~47348431 4.~~32658951~~31721890 0.00000000 0.00000000 B-3 4,936,100.00 5.~~20564~~19900% ~~997~~996.~~36156480~~47348311 4.~~32658982~~31722007 0.00000000 0.00000000 B-4 2,243,700.00 5.~~20564~~19900% ~~997~~996.~~36156349~~47348576 4.~~32659001~~31722155 0.00000000 0.00000000 B-5 1,346,300.00 5.~~20564~~19900% ~~997~~996.~~36156874~~47348288 4.~~32659140~~31721756 0.00000000 0.00000000 B-6 1,795,108.62 5.~~20564~~19900% ~~997~~996.~~36127388~~47319392 4.~~32659055~~31722065 0.00000000 0.00000000 all classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.~~00254706~~00282053 0.00000000 2.~~69507555~~27427590 0.00000000 ~~753~~645.~~07825618~~61699303 I-X-A-1 0.~~00060483~~00067669 0.00000000 0.~~64078687~~54593289 0.00000000 ~~753~~645.~~07825618~~61699303 I-A-2 0.~~00315270~~00349714 0.00000000 32.~~33586127~~82020730 0.00000000 ~~753~~645.~~07825619~~61699238 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.~~00298400~~00348960 0.00000000 32.~~15741880~~81396880 0.00000000 ~~786~~729.~~66258920~~48115400 II-X-A-1 0.~~00058440~~00068440 0.00000000 0.~~61816200~~55194600 0.00000000 ~~786~~729.~~66258920~~48115400 II-A-2 0.~~00293546~~00343255 0.00000000 32.~~10608844~~76813702 0.00000000 ~~786~~729.~~66258915~~48115390 II-X-A-2 0.~~00063270~~00074128 0.00000000 0.~~66949234~~59777787 0.00000000 ~~786~~729.~~66258915~~48115390 II-A-3 0.~~00296333~~00346500 0.00000000 32.~~13542000~~79432667 0.00000000 ~~786~~729.~~66258900~~48115400 II-X-A-3 0.~~00060500~~00070867 0.00000000 0.~~64016067~~57158833 0.00000000 ~~786~~729.~~66258900~~48115400 II-A-4 0.~~00244352~~00286280 0.00000000 2.~~58557513~~30861417 0.00000000 ~~786~~729.~~66258906~~48115383 II-X-A-4 0.~~00112469~~00131102 0.00000000 1.~~19000568~~05730070 0.00000000 ~~786~~729.~~66258906~~48115383 III-A-1 0.~~00385226~~00467795 0.00000000 43.~~07617859~~77243515 0.00000000 ~~871~~774.~~74260972~~95301232 III-A-2 0.~~00337318~~00409585 0.00000000 3.~~56925967~~30300268 0.00000000 ~~871~~774.~~74260977~~95301231 III-X-A-2 0.~~00047906~~00058214 0.00000000 0.~~50691893~~46943244 0.00000000 ~~871~~774.~~74260977~~95301231 III-A-3 0.~~00301182~~00365679 0.00000000 32.~~18691588~~94893310 0.00000000 ~~871~~774.~~74260977~~95301234 III-X-A-3 0.~~00084038~~00102120 0.00000000 0.~~88926270~~82350208 0.00000000 ~~871~~774.~~74260977~~95301234 IV-A-1 0.~~00394345~~00464686 0.00000000 43.~~17269229~~74738843 0.00000000 ~~796~~712.~~91645068~~45031449 B-1 0.~~00408477~~00534719 0.00000000 4.~~32250412~~31187213 0.00000000 ~~996~~995.~~47348353~~57949481 B-2 0.~~00408502~~00534687 0.00000000 4.~~32250449~~31187203 0.00000000 ~~996~~995.~~47348431~~57949554 B-3 0.~~00408420~~00534633 0.00000000 4.~~32250360~~31187172 0.00000000 ~~996~~995.~~47348311~~57949596 B-4 0.~~00408700~~00534831 0.00000000 4.~~32250301~~31187325 0.00000000 ~~996~~995.~~47348576~~57949369 B-5 0.~~00408527~~00534799 0.00000000 4.~~32250613~~31186957 0.00000000 ~~996~~995.~~47348288~~57949194 B-6 0.~~00408332~~00534787 0.00000000 4.~~32250167~~31187278 0.00000000 ~~996~~995.~~47319392~~57920902 (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 7477,~~206~~139,~~972~~530.8617 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1935,~~780~~295.9635 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7477,~~226~~174,~~753~~825.8252 Withdrawals Reimbursement for Servicer Advances 219,~~513~~780.7596 Payment of Service Fee 91210,~~706~~538.5804 Payment of Interest and Principal 7476,~~132~~944,~~533~~506.4952 Total Withdrawals (Pool Distribution Amount) 7477,~~226~~174,~~753~~825.8252 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~141,369~~0.5900 Servicing Fee Support ~~137,994~~0.9400 Non-Supported Prepayment/Curtailment Interest Shortfall 34,~~374~~043.65

SERVICING FEES Gross Servicing Fee ~~229~~209,~~161~~999.8711 Additional Servicing Fees 427.7615 Miscellaneous Fee 111.8978 Supported Prepayment/Curtailment Interest Shortfall ~~137,994~~0.9400 Net Servicing Fee 91210,~~706~~538.5804

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 10 0 0 10 ~~618,574~~0.8100 0.00 0.00 ~~618,574~~0.8100 30 Days 711 01 0 0 712 35,~~053~~338,~~167~~338.4520 0618,574.0081 0.00 0.00 35,~~053~~956,~~167~~913.4501 60 Days 10 0 0 0 10 ~~452,029~~0.1700 0.00 0.00 0.00 ~~452,029~~0.1700 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0452,029.0017 0.00 0.00 0.00 0452,029.0017 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 812 1 0 0 913 35,~~505~~790,~~196~~367.6237 618,574.81 0.00 0.00 46,~~123~~408,~~771~~942.4318 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.~~061463~~000000% 0.000000% 0.000000% 0.~~061463~~000000% 0.~~082050~~000000% 0.000000% 0.000000% 0.~~082050~~000000% 30 Days 0.~~430240~~744753% 0.~~000000~~067705% 0.000000% 0.000000% 0.~~430240~~812458% 0.~~404981~~784828% 0.~~000000~~090941% 0.000000% 0.000000% 0.~~404981~~875769% 60 Days 0.~~061463~~000000% 0.000000% 0.000000% 0.000000% 0.~~061463~~000000% 0.~~059959~~000000% 0.000000% 0.000000% 0.000000% 0.~~059959~~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~~067705% 0.000000% 0.000000% 0.000000% 0.~~000000~~067705% 0.~~000000~~066456% 0.000000% 0.000000% 0.000000% 0.~~000000~~066456% 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.~~491703~~812458% 0.~~061463~~067705% 0.000000% 0.000000% 0.~~553165~~880162% 0.~~464940~~851284% 0.~~082050~~090941% 0.000000% 0.000000% 0.~~546990~~942225%

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 10 0 0 0 10 ~~362,386~~0.1100 0.00 0.00 0.00 ~~362,386~~0.1100 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 10 0 0 0 10 ~~362,386~~0.1100 0.00 0.00 0.00 ~~362,386~~0.1100 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~538462~~000000% 0.000000% 0.000000% 0.000000% 10.~~538462~~000000% 10.~~265971~~000000% 0.000000% 0.000000% 0.000000% 10.~~265971~~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 10.~~538462~~000000% 0.000000% 0.000000% 0.000000% 10.~~538462~~000000% 10.~~265971~~000000% 0.000000% 0.000000% 0.000000% 10.~~265971~~000000% 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 10 0 0 10 ~~618,574~~0.8100 0.00 0.00 ~~618,574~~0.8100 30 Days 26 01 0 0 27 ~~948~~2,~~741~~626,315.0428 0618,574.0081 0.00 0.00 ~~948~~3,~~741~~244,890.0409 60 Days 10 0 0 0 10 ~~452,029~~0.1700 0.00 0.00 0.00 ~~452,029~~0.1700 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0452,029.0017 0.00 0.00 0.00 0452,029.0017 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 37 1 0 0 48 13,~~400~~078,~~770~~344.2145 618,574.81 0.00 0.00 23,~~019~~696,~~345~~919.0226 0-29 Days 0.~~216450~~000000% 0.000000% 0.000000% 0.~~216450~~000000% 0.~~301288~~000000% 0.000000% 0.000000% 0.~~301288~~000000% 30 Days 01.~~432900~~401869% 0.~~000000~~233645% 0.000000% 0.000000% 01.~~432900~~635514% 01.~~462102~~375457% 0.~~000000~~323961% 0.000000% 0.000000% 01.~~462102~~699417% 60 Days 0.~~216450~~000000% 0.000000% 0.000000% 0.000000% 0.~~216450~~000000% 0.~~220169~~000000% 0.000000% 0.000000% 0.000000% 0.~~220169~~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~~233645% 0.000000% 0.000000% 0.000000% 0.~~000000~~233645% 0.~~000000~~236737% 0.000000% 0.000000% 0.000000% 0.~~000000~~236737% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~649351~~635514% 0.~~216450~~233645% 0.000000% 0.000000% 01.~~865801~~869159% 01.~~682271~~612194% 0.~~301288~~323961% 0.000000% 0.000000% 01.~~983559~~936154% 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 4 0 0 0 4 12,~~742~~171,~~040~~721.3056 0.00 0.00 0.00 12,~~742~~171,~~040~~721.3056 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 4 0 0 0 4 12,~~742~~171,~~040~~721.3056 0.00 0.00 0.00 12,~~742~~171,~~040~~721.3056 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~429646~~476190% 0.000000% 0.000000% 0.000000% 0.~~429646~~476190% 0.~~389769~~544319% 0.000000% 0.000000% 0.000000% 0.~~389769~~544319% 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.~~429646~~476190% 0.000000% 0.000000% 0.000000% 0.~~429646~~476190% 0.~~389769~~544319% 0.000000% 0.000000% 0.000000% 0.~~389769~~544319% 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 01 0 0 0 01 0540,301.0036 0.00 0.00 0.00 0540,301.0036 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 0540,301.0036 0.00 0.00 0.00 0540,301.0036 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~657895% 0.000000% 0.000000% 0.000000% 0.~~000000~~657895% 0.~~000000~~823985% 0.000000% 0.000000% 0.000000% 0.~~000000~~823985% 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~~657895% 0.000000% 0.000000% 0.000000% 0.~~000000~~657895% 0.~~000000~~823985% 0.000000% 0.000000% 0.000000% 0.~~000000~~823985%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1935,~~780~~295.9635

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 892,471,308.62 99.44180434% ~~749~~676,~~600~~455,~~658~~410.7483 99.~~49922623~~52414357% 96.~~498079~~121926% 0.000000% Class IA2 860,971,308.62 95.93198077% ~~725~~656,~~878~~118,~~693~~475.6757 96.~~35046010~~53205269% 32.~~148766~~992091% 8977.~~915394~~154045% Class R-I 860,971,208.62 95.93196963% ~~725~~656,~~878~~118,~~693~~475.6757 96.~~35046010~~53205269% 0.000000% 0.000000% Class R-II 860,971,158.62 95.93196406% ~~725~~656,~~878~~118,~~693~~475.6757 96.~~35046010~~53205269% 0.000000% 0.000000% Class R-III 860,971,108.62 95.93195849% ~~725~~656,~~878~~118,~~693~~475.6757 96.~~35046010~~53205269% 0.000000% 0.000000% Class 2A1 835,971,108.62 93.14638422% ~~706~~637,~~212~~881,~~128~~446.9472 93.~~73999284~~84891253% 2.~~610467~~683140% 7469.~~543863~~187442% Class 2A2 694,971,108.62 77.43574537% ~~595~~535,~~292~~024,~~703~~604.8702 7978.~~01695753~~71600204% 1415.~~723035~~132910% ~~420~~390.~~427387~~217175% Class 2A3 664,971,108.62 74.09305626% ~~571~~513,~~692~~140,~~826~~169.2040 75.~~88439683~~49623386% 3.~~132561~~219768% 8983.~~452635~~024931% Class 2A4 609,853,808.62 67.95172296% ~~528~~472,~~334~~933,~~108~~137.2880 7069.~~12912056~~58073622% 5.~~755276~~915498% ~~164~~152.~~346258~~537001% Class B-1 17,501,108.62 1.95002551% 17,~~439~~423,~~390~~744.1637 2.~~31484032~~56348491% 1.~~187081~~314589% 33.897987% Class B-2 10,321,208.62 1.15001972% 10,~~284~~275,~~810~~583.1915 1.~~36516776~~51180491% 01.~~949673~~051680% 27.118617% Class B-3 5,385,108.62 0.60002480% 5,~~366~~361,~~117~~303.4320 0.~~71227863~~78878682% 0.~~652889~~723018% 18.643742% Class B-4 3,141,408.62 0.35002508% 3,~~130~~127,~~329~~521.8749 0.~~41550844~~46013956% 0.~~296770~~328647% 8.474497% Class B-5 1,795,108.62 0.20001633% 1,~~788~~787,~~777~~172.6282 0.~~23743574~~26293950% 0.~~178073~~197200% 5.085000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~237436~~262939% 6.780157% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~540088~~535969% Weighted Average Net Coupon 5.~~206330~~201475% Weighted Average Pass-Through Rate 5.~~205544~~200617% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count 1,~~769~~627 Number Of Loans Paid In Full ~~142~~150 Ending Scheduled Collateral Loan Count 1,~~627~~477 Beginning Scheduled Collateral Balance ~~823~~753,~~935~~373,~~070~~354.8588 Ending Scheduled Collateral Balance ~~753~~679,~~373~~689,~~354~~758.8828 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~753~~680,~~902~~192,~~973~~460.7349 Monthly P &I Constant 4,~~538~~151,~~256~~157.2186 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7376,~~997~~810,~~844~~578.9968 Ending Scheduled Balance for Premium Loans ~~753~~679,~~373~~689,~~354~~758.8828 Scheduled Principal ~~734~~675,~~362~~614.5266 Unscheduled Principal 6973,~~827~~007,~~353~~981.4594

Miscellaneous Reporting Average Loss Severity Group 1 0.00 Average Loss Severity Group 2 0.00 Average Loss Severity Group 3 0.00 Average Loss Severity Group 4 0.00 Senior Percentage Group 1 96.~~686909~~139582% Senior Percentage Group 2 96.~~673634~~294069% Senior Percentage Group 3 96.~~879328~~642440% Senior Percentage Group 4 96.~~682679~~328664% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 1 3.~~313091~~860418% Subordinate Percentage Group 2 3.~~326366~~705931% Subordinate Percentage Group 3 3.~~120672~~357560% Subordinate Percentage Group 4 3.~~317321~~671336% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Subordinate Prepay Percent Group 4 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~885332~~848270 5.~~419157~~411650 5.~~576316~~573035 Weighted Average Net Rate 4.~~534328~~499460 5.~~150431~~142920 5.~~203170~~200028 Weighted Average Maturity ~~349~~348 ~~352~~351 ~~354~~353 Beginning Loan Count 7465 ~~510~~462 ~~999~~931 Loans Paid In Full 98 4834 6891 Ending Loan Count 6557 ~~462~~428 ~~931~~840 Beginning Scheduled Balance 3328,~~367~~598,~~765~~690.2425 ~~228~~205,~~788~~147,~~888~~198.9416 ~~480~~446,~~958~~614,~~203~~826.6553 Ending scheduled Balance 2824,~~598~~673,~~690~~802.2500 ~~205~~190,~~147~~780,~~198~~083.1626 ~~446~~398,~~614~~678,~~826~~388.5301 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~180~~154,~~375~~653.4147 1,~~265~~137,~~988~~442.2675 2,~~676~~482,~~154~~838.4559 Scheduled Principal 4439,~~531~~108.5632 ~~232~~212,~~785~~288.8868 ~~441~~408,~~175~~671.3782 Unscheduled Principal 43,~~724~~885,~~543~~779.4393 2314,~~408~~154,~~904~~826.9022 3347,~~902~~527,~~201~~766.7570 Scheduled Interest ~~135~~115,~~843~~545.8515 1925,~~033,202~~154.3807 2,~~234~~074,~~979~~166.0877 Servicing Fees 98,~~760~~312.1994 5145,~~234~~941.5604 ~~149~~138,~~556~~825.5343 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 ~~304~~303.4399 ~~235~~234.2294 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 ~~126~~107,~~083~~232.6621 ~~981~~878,~~663~~909.3904 21,~~085~~935,~~187~~106.3340 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.~~534328~~499460 5.~~148834~~141142 5.~~202583~~199397

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~937154~~927914 5.~~540088~~535969 Weighted Average Net Rate 5.~~660828~~649830 5.~~206330~~201475 Weighted Average Maturity ~~353~~352 ~~353~~352 Beginning Loan Count ~~186~~169 1,~~769~~627 Loans Paid In Full 17 ~~142~~150 Ending Loan Count ~~169~~152 1,~~627~~477 Beginning Scheduled Balance 8073,~~820~~012,~~213~~639.0294 ~~823~~753,~~935~~373,~~070~~354.8588 Ending scheduled Balance 7365,~~012~~557,~~639~~485.9401 ~~753~~679,~~373~~689,~~354~~758.8828 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~415~~376,~~738~~223.0905 4,~~538~~151,~~256~~157.2186 Scheduled Principal 15,~~869~~545.7184 ~~734~~675,~~362~~614.5266 Unscheduled Principal 7,~~791~~439,~~703~~609.3709 6973,~~827~~007,~~353~~981.4594 Scheduled Interest ~~399~~360,~~868~~677.3821 3,~~803~~475,~~893~~543.6920 Servicing Fees 1816,~~610~~919.5970 ~~229~~209,~~161~~999.8711 Master Servicing Fees 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 ~~539~~538.6593 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 ~~381~~343,~~257~~757.7951 3,~~574~~265,~~192~~005.1716 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 5.~~660828~~649830 5.~~205544~~200617

Filing Compare · STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2003 3