8-K 1 bst01008.txt OCTOBER 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): October 27, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-16 90-0042381 Pooling and Servicing Agreement) (Commission 90-0042380 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On October 27, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-8 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-8 Trust, relating to the October 27, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-8 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/24/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-8 Trust, relating to the October 27, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 BST Series: 2001-8 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MFV9 SEN 6.~~76786~~69895% 43,~~870~~420,~~103~~156.8538 2618,~~962~~713.5540 1772,~~449,947~~008.4792 R-I 07384MFW7 RES 6.69323% 0.00 0.00 0.00 R-II 07384MFX5 RES 6.69323% 0.00 0.00 0.00 II-A 07384MFY3 SEN 5.~~88129~~88138% 7,~~644~~635,~~870~~506.5947 36,~~780~~678.1896 98,~~364~~738.1249 III-A 07384MFZ0 SEN 5.~~73325~~69860% 1312,~~073~~411,~~565~~808.6202 6157,~~314~~770.9216 ~~661~~364,~~757~~985.5962 IV-A 07384MGA4 SEN 6.~~51971~~52378% 118,~~817~~698,~~920~~382.1199 6346,~~029~~348.0076 3817,~~119,537~~640.1286 V-A 07384MGB2 SEN 6.~~45639~~54542% 119,~~246~~733,~~291~~577.0913 5952,~~397~~036.7770 12,~~512~~734,~~713~~084.9655 VI-A 07384MGC0 SEN 6.~~64290~~61023% 2421,~~186~~783,~~930~~182.6755 ~~131~~117,~~434~~608.5226 25,~~403~~631,~~748~~154.1260 VII-A 07384MGD8 SEN 6.~~75728~~76041% 6,~~959~~286,~~582~~297.6903 3834,~~470~~711.3706 ~~673~~715,~~285~~678.6648 B-1 07384MGE6 SUB 6.~~28013~~26095% 4,~~715~~472,~~147~~962.3046 2422,~~223~~873.4267 ~~242~~290,~~184~~483.8419 B-2 07384MGF3 SUB 6.~~28013~~26095% 32,~~143~~981,~~335~~883.0140 1615,~~148~~248.4564 ~~161~~193,~~451~~649.6051 B-3 07384MGG1 SUB 6.~~28013~~26095% 1,~~921~~822,~~052~~381.4412 9,~~869~~319.1422 98118,~~671~~349.3110 B-4 07384MGH9 SUB 6.~~28013~~26095% ~~873~~828,~~216~~365.1805 4,~~486~~236.0306 4453,~~851~~795.1469 B-5 07384MGJ5 SUB 6.~~28013~~26095% ~~873~~828,~~100~~255.3516 4,~~485~~235.4350 4453,~~845~~788.1956 B-6 07384MGK2 SUB 6.~~28013~~26095% ~~543~~515,~~913~~976.3928 2,~~794~~638.2858 2733,~~937~~508.1154 Totals 9181,~~869~~418,~~029~~734.2904 ~~479~~422,~~396~~418.0697 1011,~~450~~787,~~295~~866.2311

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 32,~~420~~648,~~156~~147.3846 1790,~~476,910~~722.0232 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A 0.00 7,~~635~~626,~~506~~767.4798 4645,~~144~~417.3045 0.00 III-A 0.00 12,~~411~~046,~~808~~822.0240 ~~723~~422,~~072~~755.5178 0.00 IV-A 0.00 87,~~698~~880,~~382~~742.9914 3863,~~182,566~~989.1262 0.00 V-A 0.00 96,~~733~~999,~~577~~492.1359 12,~~572~~786,~~111~~121.7325 0.00 VI-A 0.00 2116,~~783~~152,~~182~~027.5595 25,~~535~~748,~~182~~762.6486 0.00 VII-A 0.00 65,~~286~~570,~~297~~618.0355 ~~711~~750,~~756~~389.0354 0.00 B-1 0.00 4,~~472~~182,~~962~~479.4627 ~~266~~313,~~408~~356.2686 0.00 B-2 0.00 2,~~981~~788,~~883~~233.4089 ~~177~~208,~~600~~898.0515 0.00 B-3 0.00 1,~~822~~704,~~381~~032.1202 ~~108~~127,~~540~~668.4532 0.00 B-4 0.00 ~~828~~774,~~365~~569.0535 4958,~~337~~031.1775 0.00 B-5 0.00 ~~828~~774,~~255~~466.1660 4958,~~330~~024.6206 0.00 B-6 0.00 ~~515~~482,~~976~~467.2874 3036,~~731~~147.3912 154,827.12 Totals 0.00 8169,~~418~~630,~~734~~867.0494 1012,~~929~~210,~~691~~285.2908 154,827.12 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 32,948,000.00 43,~~870~~420,~~103~~156.8538 43,~~644~~275.7643 1768,~~445,302~~733.7149 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 II-A 47,616,900.00 7,~~644~~635,~~870~~506.5947 8,~~595~~643.8971 ~~768~~94.2378 0.00 0.00 III-A 168,187,400.00 1312,~~073~~411,~~565~~808.6202 1615,~~393~~800.4270 ~~645~~349,~~364~~184.1793 0.00 0.00 IV-A 63,044,700.00 118,~~817~~698,~~920~~382.1199 54,~~440~~084.1302 3813,~~114,096~~556.9983 0.00 0.00 V-A 79,630,600.00 119,~~246~~733,~~291~~577.0913 119,~~505~~861.8367 12,~~501~~724,~~208~~222.1388 0.00 0.00 VI-A 138,372,800.00 2421,~~186~~783,~~930~~182.6755 1110,~~870~~795.4598 25,~~391~~620,~~877~~358.6762 0.00 0.00 VII-A 52,139,400.00 6,~~959~~286,~~582~~297.6903 2,~~422~~264.0132 ~~670~~713,~~863~~414.6516 0.00 0.00 B-1 8,141,200.00 4,~~715~~472,~~147~~962.3046 43,~~022~~884.1263 ~~238~~286,~~162~~598.7256 0.00 0.00 B-2 5,427,300.00 32,~~143~~981,~~335~~883.0140 2,~~681~~589.3367 ~~158~~191,~~770~~059.2784 0.00 0.00 B-3 3,316,900.00 1,~~921~~822,~~052~~381.4412 1,~~638~~582.7068 97116,~~032~~766.6142 0.00 0.00 B-4 1,507,700.00 ~~873~~828,~~216~~365.1805 ~~744~~719.8741 4453,~~106~~076.2728 0.00 0.00 B-5 1,507,500.00 ~~873~~828,~~100~~255.3516 ~~744~~719.7731 4453,~~100~~069.4224 0.00 0.00 B-6 1,206,450.00 ~~543~~515,~~913~~976.3928 ~~463~~448.9711 2733,~~473~~060.1443 0.00 0.00 Totals 603,046,950.00 9181,~~869~~418,~~029~~734.2904 7164,~~168~~669.2564 1011,~~379~~723,~~126~~196.9846 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 1772,~~449,947~~008.4792 32,~~420~~648,~~156~~147.3846 0.~~10380467~~08037354 1772,~~449,947~~008.4792 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A 98,~~364~~738.1249 7,~~635~~626,~~506~~767.4798 0.~~16035287~~16016935 98,~~364~~738.1249 III-A ~~661~~364,~~757~~985.5962 12,~~411~~046,~~808~~822.0240 0.~~07379749~~07162738 ~~661~~364,~~757~~985.5962 IV-A 3817,~~119,537~~640.1286 87,~~698~~880,~~382~~742.9914 0.~~13797168~~12500245 3817,~~119,537~~640.1286 V-A 12,~~512~~734,~~713~~084.9655 96,~~733~~999,~~577~~492.1359 0.~~12223413~~08789953 12,~~512~~734,~~713~~084.9655 VI-A 25,~~403~~631,~~748~~154.1260 2116,~~783~~152,~~182~~027.5595 0.~~15742388~~11672835 25,~~403~~631,~~748~~154.1260 VII-A ~~673~~715,~~285~~678.6648 65,~~286~~570,~~297~~618.0355 0.~~12056711~~10684086 ~~673~~715,~~285~~678.6648 B-1 ~~242~~290,~~184~~483.8419 4,~~472~~182,~~962~~479.4627 0.~~54942299~~51374236 ~~242~~290,~~184~~483.8419 B-2 ~~161~~193,~~451~~649.6051 2,~~981~~788,~~883~~233.4089 0.~~54942299~~51374236 ~~161~~193,~~451~~649.6051 B-3 98118,~~671~~349.3110 1,~~822~~704,~~381~~032.1202 0.~~54942299~~51374236 98118,~~671~~349.3110 B-4 4453,~~851~~795.1469 ~~828~~774,~~365~~569.0535 0.~~54942300~~51374236 4453,~~851~~795.1469 B-5 4453,~~845~~788.1956 ~~828~~774,~~255~~466.1660 0.~~54942299~~51374235 4453,~~845~~788.1956 B-6 2733,~~937~~508.1154 ~~515~~482,~~976~~467.2874 0.~~42768145~~39990695 2733,~~937~~508.1154 Totals 1011,~~450~~787,~~295~~866.2311 8169,~~418~~630,~~734~~867.0494 0.~~13501226~~11546509 1011,~~450~~787,~~295~~866.2311

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 32,948,000.00 ~~147~~103.~~81182014~~80467342 0.~~14097244~~09941210 4323.~~86617427~~33171938 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 47,616,900.00 160.~~54952317~~35286778 0.~~18052183~~18152610 0.~~01613356~~00199047 0.00000000 III-A 168,187,400.00 7773.~~73213463~~79749030 0.~~09747115~~09394699 32.~~83717312~~07616581 0.00000000 IV-A 63,044,700.00 ~~187~~137.~~45303110~~97167708 0.~~08629004~~06477975 4912.~~39506398~~90444447 0.00000000 V-A 79,630,600.00 ~~141~~122.~~23077171~~23413022 0.~~14449006~~12384272 1834.~~85215143~~21075416 0.00000000 VI-A 138,372,800.00 ~~174~~157.~~79541261~~42387630 0.~~08578601~~07802097 1740.~~28575031~~61751023 0.00000000 VII-A 52,139,400.00 ~~133~~120.~~48029878~~56711489 0.~~04645259~~04342819 1213.~~86673130~~68282259 0.00000000 B-1 8,141,200.00 ~~579~~549.~~17104358~~42299170 0.~~49404510~~47715693 2935.~~25400678~~20347860 0.00000000 B-2 5,427,300.00 ~~579~~549.~~17104453~~42299117 0.~~49404492~~47715623 2935.~~25400660~~20347871 0.00000000 B-3 3,316,900.00 ~~579~~549.~~17104525~~42299135 0.~~49404565~~47715638 2935.~~25400525~~20347915 0.00000000 B-4 1,507,700.00 ~~579~~549.~~17104198~~42299529 0.~~49404391~~47715726 2935.~~25400942~~20347549 0.00000000 B-5 1,507,500.00 ~~579~~549.~~17104478~~42299171 0.~~49404312~~47715423 2935.~~25400995~~20347595 0.00000000 B-6 1,206,450.00 ~~450~~427.~~83790460~~68144556 0.~~38457458~~37142857 2227.~~77188445~~40306685 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 4423.~~00714672~~43113148 ~~103~~80.~~80467342~~37354194 0.~~10380467~~08037354 4423.~~00714672~~43113148 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 0.~~19665539~~18351657 160.~~35286778~~16935122 0.~~16035287~~16016935 0.~~19665539~~18351657 III-A 0.00000000 32.~~93464427~~17011274 7371.~~79749030~~62737756 0.~~07379749~~07162738 32.~~93464427~~17011274 IV-A 0.00000000 4912.~~48135402~~96922438 ~~137~~125.~~97167708~~00245286 0.~~13797168~~12500245 4912.~~48135402~~96922438 V-A 0.00000000 1834.~~99664149~~33459688 ~~122~~87.~~23413022~~89953347 0.~~12223413~~08789953 1834.~~99664149~~33459688 VI-A 0.00000000 1740.~~37153631~~69553120 ~~157~~116.~~42387630~~72834509 0.~~15742388~~11672835 1740.~~37153631~~69553120 VII-A 0.00000000 1213.~~91318389~~72625078 ~~120~~106.~~56711489~~84086411 0.~~12056711~~10684086 1213.~~91318389~~72625078 B-1 0.00000000 2935.~~74805188~~68063553 ~~549~~513.~~42299170~~74235616 0.~~54942299~~51374236 2935.~~74805188~~68063553 B-2 0.00000000 2935.~~74805152~~68063494 ~~549~~513.~~42299117~~74235624 0.~~54942299~~51374236 2935.~~74805152~~68063494 B-3 0.00000000 2935.~~74805089~~68063553 ~~549~~513.~~42299135~~74235581 0.~~54942299~~51374236 2935.~~74805089~~68063553 B-4 0.00000000 2935.~~74805333~~68063275 ~~549~~513.~~42299529~~74235591 0.~~54942300~~51374236 2935.~~74805333~~68063275 B-5 0.00000000 2935.~~74805307~~68063682 ~~549~~513.~~42299171~~74235489 0.~~54942299~~51374235 2935.~~74805307~~68063682 B-6 0.00000000 2327.~~15645903~~77449542 ~~427~~399.~~68144556~~90695014 0.~~42768145~~39990695 2327.~~15645903~~77449542 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 32,948,000.00 6.~~76786~~69895% 43,~~870~~420,~~103~~156.8538 2719,~~466~~092.8288 0.00 0.00 R-I 50.00 6.69323% 0.00 0.00 0.00 0.00 R-II 50.00 6.69323% 0.00 0.00 0.00 0.00 II-A 47,616,900.00 5.~~88129~~88138% 7,~~644~~635,~~870~~506.5947 37,~~468~~422.0776 0.00 0.00 III-A 168,187,400.00 5.~~73325~~69860% 1312,~~073~~411,~~565~~808.6202 6258,~~461~~941.6965 0.00 0.00 IV-A 63,044,700.00 6.~~51971~~52378% 118,~~817~~698,~~920~~382.1199 6447,~~207~~288.8265 0.00 0.00 V-A 79,630,600.00 6.~~45639~~54542% 119,~~246~~733,~~291~~577.0913 6053,~~508~~091.6893 0.00 0.00 VI-A 138,372,800.00 6.~~64290~~61023% 2421,~~186~~783,~~930~~182.6755 ~~133~~119,~~892~~993.7119 0.00 0.00 VII-A 52,139,400.00 6.~~75728~~76041% 6,~~959~~286,~~582~~297.6903 3935,~~189~~414.8795 0.00 0.00 B-1 8,141,200.00 6.~~28013~~26095% 4,~~715~~472,~~147~~962.3046 2423,~~676~~337.4651 0.00 0.00 B-2 5,427,300.00 6.~~28013~~26095% 32,~~143~~981,~~335~~883.0140 1615,~~450~~557.4786 0.00 0.00 B-3 3,316,900.00 6.~~28013~~26095% 1,~~921~~822,~~052~~381.4412 109,~~053~~508.7220 0.00 0.00 B-4 1,507,700.00 6.~~28013~~26095% ~~873~~828,~~216~~365.1805 4,~~569~~321.9396 0.00 0.00 B-5 1,507,500.00 6.~~28013~~26095% ~~873~~828,~~100~~255.3516 4,~~569~~321.3239 0.00 0.00 B-6 1,206,450.00 6.~~28013~~26095% ~~543~~515,~~913~~976.3928 2,~~846~~692.5409 0.00 0.00 Totals 603,046,950.00 ~~488~~430,~~362~~985.1002 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 ~~504~~379.2848 0.00 2618,~~962~~713.5540 0.00 32,~~420~~648,~~156~~147.3846 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 II-A ~~687~~743.8980 0.00 36,~~780~~678.1896 0.00 7,~~635~~626,~~506~~767.4798 III-A 1,~~146~~171.7649 0.00 6157,~~314~~770.9216 0.00 12,~~411~~046,~~808~~822.0240 IV-A ~~1,178~~939.8289 0.00 6346,~~029~~348.0076 0.00 87,~~698~~880,~~382~~742.9914 V-A 1,~~110~~055.9123 0.00 5952,~~397~~036.7770 0.00 96,~~733~~999,~~577~~492.1359 VI-A 2,~~458~~384.2092 0.00 ~~131~~117,~~434~~608.5226 0.00 2116,~~783~~152,~~182~~027.5595 VII-A ~~719~~703.5189 0.00 3834,~~470~~711.3706 0.00 65,~~286~~570,~~297~~618.0355 B-1 ~~453~~463.0584 0.00 2422,~~223~~873.4267 0.00 4,~~472~~182,~~962~~479.4627 B-2 ~~302~~309.0222 0.00 1615,~~148~~248.4564 0.00 2,~~981~~788,~~883~~233.4089 B-3 ~~184~~188.5898 0.00 9,~~869~~319.1422 0.00 1,~~822~~704,~~381~~032.1202 B-4 8385.90 0.00 4,~~486~~236.0306 0.00 ~~828~~774,~~365~~569.0535 B-5 8385.89 0.00 4,~~485~~235.4350 0.00 ~~828~~774,~~255~~466.1660 B-6 5253.2651 0.00 2,~~794~~638.2858 0.00 ~~515~~482,~~976~~467.2874 Totals 8,~~966~~566.0704 0.00 ~~479~~422,~~396~~418.0697 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 32,948,000.00 6.~~76786~~69895% ~~147~~103.~~81182014~~80467342 0.~~83364150~~57948525 0.00000000 0.00000000 R-I 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.69323% 0.00000000 0.00000000 0.00000000 0.00000000 II-A 47,616,900.00 5.~~88129~~88138% 160.~~54952317~~35286778 0.~~78686496~~78591340 0.00000000 0.00000000 III-A 168,187,400.00 5.~~73325~~69860% 7773.~~73213463~~79749030 0.~~37138151~~35045223 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~51971~~52378% ~~187~~137.~~45303110~~97167708 10.~~01844913~~75008129 0.00000000 0.00000000 V-A 79,630,600.00 6.~~45639~~54542% ~~141~~122.~~23077171~~23413022 0.~~75986719~~66672774 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~64290~~61023% ~~174~~157.~~79541261~~42387630 0.~~96762304~~86717325 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~75728~~76041% ~~133~~120.~~48029878~~56711489 0.~~75163638~~67923586 0.00000000 0.00000000 B-1 8,141,200.00 6.~~28013~~26095% ~~579~~549.~~17104358~~42299170 32.~~03105930~~86659338 0.00000000 0.00000000 B-2 5,427,300.00 6.~~28013~~26095% ~~579~~549.~~17104453~~42299117 32.~~03105964~~86659297 0.00000000 0.00000000 B-3 3,316,900.00 6.~~28013~~26095% ~~579~~549.~~17104525~~42299135 32.~~03105912~~86659230 0.00000000 0.00000000 B-4 1,507,700.00 6.~~28013~~26095% ~~579~~549.~~17104198~~42299529 32.~~03106056~~86659150 0.00000000 0.00000000 B-5 1,507,500.00 6.~~28013~~26095% ~~579~~549.~~17104478~~42299171 32.~~03105804~~86659370 0.00000000 0.00000000 B-6 1,206,450.00 6.~~28013~~26095% ~~450~~427.~~83790460~~68144556 2.~~35943471~~23141448 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.~~01530533~~01151754 0.00000000 0.~~81833647~~56796771 0.00000000 ~~103~~80.~~80467342~~37354194 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.~~01444634~~01562050 0.00000000 0.~~77241862~~77029290 0.00000000 160.~~35286778~~16935122 III-A 0.~~00681835~~00696539 0.00000000 0.~~36456310~~34348685 0.00000000 7371.~~79749030~~62737756 IV-A 0.~~01869816~~01490831 0.00000000 0.~~99975097~~73517298 0.00000000 ~~137~~125.~~97167708~~00245286 V-A 0.~~01395079~~01325156 0.00000000 0.~~74591639~~65347618 0.00000000 ~~122~~87.~~23413022~~89953347 VI-A 0.~~01776505~~01723547 0.00000000 0.~~94985806~~84993770 0.00000000 ~~157~~116.~~42387630~~72834509 VII-A 0.~~01379974~~01350016 0.00000000 0.~~73783684~~66573570 0.00000000 ~~120~~106.~~56711489~~84086411 B-1 0.~~05564904~~05697440 0.00000000 2.~~97541149~~80961898 0.00000000 ~~549~~513.~~42299170~~74235616 B-2 0.~~05564830~~05697492 0.00000000 2.~~97541135~~80961804 0.00000000 ~~549~~513.~~42299117~~74235624 B-3 0.~~05564835~~05697489 0.00000000 2.~~97541078~~80961741 0.00000000 ~~549~~513.~~42299135~~74235581 B-4 0.~~05564768~~05697420 0.00000000 2.~~97541288~~80961730 0.00000000 ~~549~~513.~~42299529~~74235591 B-5 0.~~05564842~~05697512 0.00000000 2.~~97540962~~80961857 0.00000000 ~~549~~513.~~42299171~~74235489 B-6 0.~~04331717~~04435327 0.00000000 2.~~31611753~~18706121 0.00000000 ~~427~~399.~~68144556~~90695014 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,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 1012,~~951~~243,~~483~~522.5542 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2515,~~949~~651.1486 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1012,~~977~~259,~~432~~174.6928 Withdrawals Reimbursement for Servicer Advances 2125,~~730~~949.1714 Payment of Service Fee 2622,~~011~~940.2306 Payment of Interest and Principal 1012,~~929~~210,~~691~~285.2908 Total Withdrawals (Pool Distribution Amount) 1012,~~977~~259,~~432~~174.6928 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 8,~~966~~566.0501

SERVICING FEES Gross Servicing Fee 2622,~~011~~940.2306 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2622,~~011~~940.2306

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 ~~175~~155,~~274~~957.5976 0.00 0.00 ~~175~~155,~~274~~957.5976 30 Days 94 01 0 0 95 31,~~116~~093,~~774~~331.7391 0175,274.0059 0.00 0.00 31,~~116~~268,~~774~~606.7350 60 Days 21 0 0 0 21 ~~598~~339,~~086~~533.1497 0.00 0.00 0.00 ~~598~~339,~~086~~533.1497 90 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 1 0 1 0.00 0.00 468,000.00 0.00 468,000.00 Totals 116 12 1 0 139 31,~~714~~818,~~860~~682.8702 ~~175~~331,~~274~~232.5935 468,000.00 0.00 42,~~358~~617,~~135~~914.4637 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.~~442478~~507614% 0.000000% 0.000000% 0.~~442478~~507614% 0.~~215123~~223805% 0.000000% 0.000000% 0.~~215123~~223805% 30 Days 32.~~982301~~030457% 0.~~000000~~507614% 0.000000% 0.000000% 32.~~982301~~538071% 31.~~825373~~568972% 0.~~000000~~251526% 0.000000% 0.000000% 31.~~825373~~820498% 60 Days 0.~~884956~~507614% 0.000000% 0.000000% 0.000000% 0.~~884956~~507614% 0.~~734061~~487244% 0.000000% 0.000000% 0.000000% 0.~~734061~~487244% 90 Days 0.~~000000~~507614% 0.000000% 0.000000% 0.000000% 0.~~000000~~507614% 0.~~000000~~553661% 0.000000% 0.000000% 0.000000% 0.~~000000~~553661% 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.~~442478~~507614% 0.000000% 0.~~442478~~507614% 0.000000% 0.000000% 0.~~574400~~671598% 0.000000% 0.~~574400~~671598% Totals 43.~~867257~~045685% 01.~~442478~~015228% 0.~~442478~~507614% 0.000000% 54.~~752212~~568528% 42.~~559434~~609877% 0.~~215123~~475331% 0.~~574400~~671598% 0.000000% 53.~~348957~~756805%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~535,028~~0.4300 0.00 0.00 0.00 ~~535,028~~0.4300 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 ~~535,028~~0.4300 0.00 0.00 0.00 ~~535,028~~0.4300 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 100.000000% 0.000000% 0.000000% 0.000000% 100.000000% 130.~~782914~~000000% 0.000000% 0.000000% 0.000000% 130.~~782914~~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 100.000000% 0.000000% 0.000000% 0.000000% 100.000000% 130.~~782914~~000000% 0.000000% 0.000000% 0.000000% 130.~~782914~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~470,119~~0.8000 0.00 0.00 0.00 ~~470,119~~0.8000 60 Days 10 0 0 0 10 ~~385,816~~0.1400 0.00 0.00 0.00 ~~385,816~~0.1400 90 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 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 21 0 0 0 21 ~~855~~385,~~935~~816.9414 0.00 0.00 0.00 ~~855~~385,~~935~~816.9414 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.~~545455~~000000% 0.000000% 0.000000% 0.000000% 40.~~545455~~000000% 50.~~448069~~000000% 0.000000% 0.000000% 0.000000% 50.~~448069~~000000% 60 Days 40.~~545455~~000000% 0.000000% 0.000000% 0.000000% 40.~~545455~~000000% 40.~~471100~~000000% 0.000000% 0.000000% 0.000000% 40.~~471100~~000000% 90 Days 04.~~000000~~545455% 0.000000% 0.000000% 0.000000% 04.~~000000~~545455% 04.~~000000~~476299% 0.000000% 0.000000% 0.000000% 04.~~000000~~476299% 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 94.~~090909~~545455% 0.000000% 0.000000% 0.000000% 94.~~090909~~545455% 94.~~919169~~476299% 0.000000% 0.000000% 0.000000% 94.~~919169~~476299% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 ~~175~~155,~~274~~957.5976 0.00 0.00 ~~175~~155,~~274~~957.5976 30 Days 0 01 0 0 01 0.00 0175,274.0059 0.00 0.00 0175,274.0059 60 Days 10 0 0 0 10 ~~212,270~~0.00 0.00 0.00 0.00 ~~212,270~~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 12 0 0 2 ~~212,270~~0.00 ~~175~~331,~~274~~232.5935 0.00 0.00 ~~387~~331,~~544~~232.5935 0-29 Days 2.~~500000~~857143% 0.000000% 0.000000% 2.~~500000~~857143% 1.~~765658~~722423% 0.000000% 0.000000% 1.~~765658~~722423% 30 Days 0.000000% 02.~~000000~~857143% 0.000000% 0.000000% 02.~~000000~~857143% 0.000000% 01.~~000000~~935761% 0.000000% 0.000000% 01.~~000000~~935761% 60 Days 20.~~500000~~000000% 0.000000% 0.000000% 0.000000% 20.~~500000~~000000% 20.~~138337~~000000% 0.000000% 0.000000% 0.000000% 20.~~138337~~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 20.~~500000~~000000% 25.~~500000~~714286% 0.000000% 0.000000% 5.~~000000~~714286% 20.~~138337~~000000% 13.~~765658~~658184% 0.000000% 0.000000% 3.~~903995~~658184% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 21 0 0 0 21 ~~924~~308,~~000~~617.3531 0.00 0.00 0.00 ~~924~~308,~~000~~617.3531 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 21 0 0 0 21 ~~924~~308,~~000~~617.3531 0.00 0.00 0.00 ~~924~~308,~~000~~617.3531 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 74.~~692308~~545455% 0.000000% 0.000000% 0.000000% 74.~~692308~~545455% 83.~~167010~~685633% 0.000000% 0.000000% 0.000000% 83.~~167010~~685633% 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 74.~~692308~~545455% 0.000000% 0.000000% 0.000000% 74.~~692308~~545455% 83.~~167010~~685633% 0.000000% 0.000000% 0.000000% 83.~~167010~~685633% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 53 0 0 0 53 1784,~~187,626~~714.1560 0.00 0.00 0.00 1784,~~187,626~~714.1560 60 Days 01 0 0 0 01 0339,533.0097 0.00 0.00 0.00 0339,533.0097 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 468,000.00 0.00 468,000.00 Totals 54 0 1 0 65 1,~~187~~124,~~626~~248.1557 0.00 468,000.00 0.00 1,~~655~~592,~~626~~248.1557 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 75.~~142857~~454545% 0.000000% 0.000000% 0.000000% 75.~~142857~~454545% 4.~~829227~~214603% 0.000000% 0.000000% 0.000000% 4.~~829227~~214603% 60 Days 01.~~000000~~818182% 0.000000% 0.000000% 0.000000% 01.~~000000~~818182% 01.~~000000~~823594% 0.000000% 0.000000% 0.000000% 01.~~000000~~823594% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 1.~~428571~~818182% 0.000000% 1.~~428571~~818182% 0.000000% 0.000000% 12.~~903022~~513569% 0.000000% 12.~~903022~~513569% Totals 7.~~142857~~272727% 0.000000% 1.~~428571~~818182% 0.000000% 89.~~571429~~090909% 46.~~829227~~038197% 0.000000% 12.~~903022~~513569% 0.000000% 68.~~732248~~551766% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 7 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2515,~~949~~651.1486

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% 7766,~~998~~982,~~577~~720.6648 9596.~~79930044~~19687713% 43.~~200700~~803123% 9594.~~061656~~093679% Class R-I 570,098,900.00 94.53640384% 7766,~~998~~982,~~577~~720.6648 9596.~~79930044~~19687713% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% 7766,~~998~~982,~~577~~720.6648 9596.~~79930044~~19687713% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% 7059,~~363~~355,~~071~~952.1950 8685.~~42122971~~24373494% 910.~~378071~~953142% 34.~~293217~~207462% Class 3A 354,294,550.00 58.75074072% 5747,~~951~~309,~~263~~130.1710 7167.~~17681678~~94275513% 1517.~~244413~~300980% 56.~~353251~~645876% Class B-1 12,965,850.00 2.15005648% 6,~~976~~523,~~861~~769.0160 89.~~56911016~~36907695% 56.~~493775~~006645% 12.~~929202~~307350% Class B-2 7,538,550.00 1.25007680% 3,~~994~~735,~~977~~535.6171 45.~~90670563~~36476971% 34.~~662405~~004307% 1.~~286095~~538186% Class B-3 4,221,650.00 0.70005329% 2,~~172~~031,~~596~~503.4969 2.~~66842332~~91753320% 2.~~238282~~447237% 0.~~785999~~940064% Class B-4 2,713,950.00 0.45003959% 1,~~344~~256,~~231~~934.4434 1.~~65101000~~80513956% 1.~~017413~~112394% 0.~~357276~~427307% Class B-5 1,206,450.00 0.20005905% ~~515~~482,~~976~~467.2874 0.~~63373164~~69289347% 1.~~017278~~112246% 0.~~357229~~427250% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~633732~~692893% 0.~~222542~~266163% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~718782~~690230% Weighted Average Net Coupon 6.~~379022~~352125% Weighted Average Pass-Through Rate 6.~~379022~~352126% Weighted Average Maturity(Stepdown Calculation ) ~~334~~333 Beginning Scheduled Collateral Loan Count ~~255~~226 Number Of Loans Paid In Full 29 Ending Scheduled Collateral Loan Count ~~226~~197 Beginning Scheduled Collateral Balance 9181,~~869~~418,~~029~~734.2906 Ending Scheduled Collateral Balance 8169,~~418~~630,~~734~~867.0694 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 8169,~~476~~684,~~363~~592.3057 Monthly P &I Constant ~~585~~518,~~541~~594.6072 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 154,827.12 Class A Optimal Amount 1011,~~255~~415,~~549~~537.7153 Ending Scheduled Balance for Premium Loans 8169,~~418~~630,~~734~~867.0694 Scheduled Principal 7164,~~168~~669.2565 Unscheduled Principal 1011,~~379~~723,~~126~~196.9847

Miscellaneous Reporting Senior Percentage Group 1 9088.~~123312~~187358% Senior Prepayment Pct Group 1 9594.~~061656~~093679% Subordinate Percentage Group 1 911.~~876688~~812642% Subordinate Prepayment Pct Group 1 45.~~938344~~906321% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 88.~~579058~~578518% Senior Prepayment Pct Group 2 94.~~289529~~289259% Subordinate Percentage Group 2 11.~~420942~~421482% Subordinate Prepayment Pct Group 2 5.~~710471~~710741% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 7877.~~216271~~722301% Senior Prepayment Pct Group 3 8988.~~108136~~861150% Subordinate Percentage Group 3 2122.~~783729~~277699% Subordinate Prepayment Pct Group 3 1011.~~891865~~138849% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 8987.~~418737~~665515% Senior Prepayment Pct Group 4 9493.~~709368~~832758% Subordinate Percentage Group 4 1012.~~581263~~334485% Subordinate Prepayment Pct Group 4 56.~~290631~~167243% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 8786.~~025113~~103826% Senior Prepayment Pct Group 5 93.~~512557~~051913% Subordinate Percentage Group 5 1213.~~974887~~896174% Subordinate Prepayment Pct Group 5 6.~~487444~~948087% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 8988.~~173066~~616166% Senior Prepayment Pct Group 6 94.~~586533~~308083% Subordinate Percentage Group 6 1011.~~826934~~383834% Subordinate Prepayment Pct Group 6 5.~~413467~~691917% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 88.~~578080~~009207% Senior Prepayment Pct Group 7 94.~~289040~~004604% Subordinate Percentage Group 7 11.~~421920~~990793% Subordinate Prepayment Pct Group 7 5.~~710960~~995397% Avg. Loss Severity Group 7 0

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~142862~~073949 6.~~249347~~249449 5.~~983250~~948604 Weighted Average Net Rate 6.~~767863~~698950 5.~~881288~~881381 5.~~733250~~698605 Weighted Average Maturity ~~332~~331 333 334 ~~335~~ Beginning Loan Count 1310 22 3937 Loans Paid In Full 32 0 21 Ending Loan Count 108 22 3736 Beginning Scheduled Balance 53,~~403~~878,~~822~~284.5423 8,~~630~~620,~~562~~043.0711 1615,~~714~~969,~~636~~429.8645 Ending scheduled Balance 3,~~878~~057,~~284~~582.2367 8,~~620~~610,~~043~~184.1134 15,~~969~~556,~~429~~144.4510 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 3726,~~319~~576.4149 54,650.35 ~~104~~99,~~298~~492.9786 Scheduled Principal 53,~~153~~714.7817 9,~~704~~758.2025 20,~~959~~329.0968 Unscheduled Principal 1816,~~520,384~~987.5339 ~~814~~100.7652 ~~724~~392,~~248~~955.3267 Scheduled Interest 3222,~~165~~862.6332 44,~~946~~892.1510 8379,~~339~~163.8818 Servicing Fees 1,~~688~~211.6996 2,~~647~~643.1397 3,~~482~~326.2296 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 3021,~~476~~650.9436 42,~~299~~248.0213 7975,~~857~~836.6622 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 154,827.12 0.00 0.00 Percentage of Cumulative Losses 154,827.12 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.~~767862~~698949 5.~~881288~~881379 5.~~733250~~698604

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~906844~~914934 6.~~745653~~836167 76.~~013694~~979972 Weighted Average Net Rate 6.~~519708~~523783 6.~~456388~~545415 6.~~642895~~610229 Weighted Average Maturity ~~335~~ 334 ~~334~~333 333 Beginning Loan Count 5040 3026 7670 Loans Paid In Full 105 4 615 Ending Loan Count 4035 2622 7055 Beginning Scheduled Balance 139,~~216~~922,~~380~~240.0728 1211,~~923~~304,~~041~~465.1426 2724,~~123~~581,~~583~~499.2666 Ending scheduled Balance 9,~~922~~050,~~240~~553.2805 118,~~304~~365,~~465~~374.2634 2418,~~581~~609,~~499~~744.6626 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 8261,~~153~~835.4400 8575,~~866~~852.57 ~~171~~155,~~842~~164.1367 Scheduled Principal 64,~~083~~658.8864 1311,~~221~~453.2823 1312,~~311~~182.7086 Unscheduled Principal 3867,~~288,055~~028.9159 12,~~605~~927,~~354~~637.6069 25,~~528~~959,~~771~~572.9054 Scheduled Interest 7657,~~069~~176.5636 7264,~~645~~399.2934 ~~158~~142,~~530~~981.4381 Servicing Fees 43,~~263~~234.7824 32,~~115~~738.1599 87,~~381~~574.1603 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 7153,~~805~~942.7812 6961,~~530~~660.1435 ~~150~~135,~~149~~407.2778 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.~~519708~~523784 6.~~456388~~545417 6.~~642896~~610229

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~128887~~131678 6.~~718782~~690230 Weighted Average Net Rate 6.~~757280~~760409 6.~~379022~~352125 Weighted Average Maturity ~~334~~333.00 ~~334~~333.00 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 4945,~~410~~022.7378 ~~585~~518,~~541~~594.6072 Beginning Loan Count 2521 ~~255~~226 Loans Paid In Full 42 29 Ending Loan Count 2119 ~~226~~197 Beginning Scheduled Balance 7,~~857~~142,~~003~~772.3507 9181,~~869~~418,~~029~~734.2906 Ending Scheduled Balance 76,~~142~~381,~~772~~285.0718 8169,~~418~~630,~~734~~867.0694 Scheduled Principal 2,~~734~~572.3282 7164,~~168~~669.2565 Unscheduled Principal ~~711~~758,~~496~~914.9607 1011,~~379~~723,~~126~~196.9847 Scheduled Interest 4642,~~676~~449.4196 ~~514~~453,~~373~~925.3507 Servicing Fee 2,~~433~~209.1091 2622,~~011~~940.2306 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 4440,~~243~~240.3105 ~~488~~430,~~362~~985.1201 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 154,827.12 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.~~757280~~760410 6.~~379022~~352126

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