8-K 1 bst01001.txt OCTOBER 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): October 27, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-27 90-0030575 Pooling and Servicing Agreement) (Commission pending (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 2001-1 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 2001-1 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 2001-1 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer 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 2001-1 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: 2001-1 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 A-1 07384MBA9 SEN 3.~~83234~~69813% 1513,~~158~~900,~~716~~143.6852 4741,~~478~~959.1680 1922,~~258,573~~568.1656 A-2 07384MBB7 SEN 3.~~80862~~64283% 6,~~976~~449,~~742~~939.1223 2119,~~716~~179.3705 ~~526~~256,~~802~~695.8805 A-3 07384MBC5 SEN 4.~~26399~~11823% 98,~~590~~541,~~427~~052.7479 3328,~~421~~711.1738 1409,~~049,374~~140.9561 A-4 07384MBD3 SEN 6.~~72608~~82112% 54,~~154~~077,~~968~~031.0280 2822,~~337~~700.0833 1461,~~077,936~~885.2215 A-5 07384MBE1 SEN 6.~~84252~~82986% 54,~~933~~992,~~362~~136.7012 3327,~~180~~831.5712 ~~941~~2,~~226~~387,410.5835 A-6 07384MBF8 SEN 6.~~73169~~71527% 54,~~765~~683,~~703~~000.2247 3125,~~720~~669.7565 1,~~082~~114,~~702~~831.7580 R-I 07384MBG6 SEN 7.~~99000~~98152% 0.00 0.00 0.00 R-II 07384MBH4 SEN 7.~~99000~~98152% 0.00 0.00 0.00 B-1 07384MBJ0 SUB 5.~~49915~~44707% 4,~~726~~718,~~936~~031.0530 2120,~~244~~977.2963 89,~~904~~132.7517 B-2 07384MBK7 SUB 5.~~49915~~44707% 2,~~101~~097,~~306~~348.7222 9,~~443~~325.9137 34,~~958~~059.5161 B-3 07384MBL5 SUB 5.~~49915~~44707% 1,~~750~~747,~~738~~440.3121 7,~~868~~769.3559 3,~~298~~382.1033 B-4 07384MBM3 SUB 5.~~49915~~44707% 1,~~400~~398,~~743~~104.6588 6,~~295~~216.3735 2,~~638~~706.7616 B-5 07384MBN1 SUB 5.~~49915~~44707% 1,~~050~~048,~~366~~387.4877 4,~~720~~661.6741 12,~~978~~029.7125 B-6 07384MBP6 SUB 5.~~49915~~44707% 1,~~040~~038,~~089~~130.6328 4,~~674~~615.4881 12,~~959~~009.3539 Totals 6054,~~650~~690,~~101~~746.3259 ~~250~~219,~~101~~617.1749 5,~~959~~575,~~354~~850.7243

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 1312,~~900~~977,~~143~~574.5295 1964,~~306,051~~528.3236 0.00 A-2 0.00 6,~~449~~193,~~939~~244.2318 ~~548~~275,~~519~~874.2510 0.00 A-3 0.00 8,~~541~~131,~~052~~912.7918 1437,~~082,796~~851.1299 0.00 A-4 0.00 43,~~077~~615,~~031~~146.8065 1484,~~106,273~~585.3048 0.00 A-5 0.00 42,~~992~~604,~~136~~725.1277 ~~974~~2,~~407~~415,241.1547 0.00 A-6 0.00 43,~~683~~568,~~000~~168.4768 1,~~114~~140,~~423~~501.5045 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 4,~~718~~708,~~031~~899.3012 30,~~149~~109.0480 0.00 B-2 0.00 2,~~097~~093,~~348~~288.2261 13,~~402~~384.4298 0.00 B-3 0.00 1,~~747~~744,~~440~~057.2188 11,~~166~~151.4592 0.00 B-4 0.00 1,~~398~~395,~~104~~398.8873 8,~~934~~922.1351 0.00 B-5 0.00 1,~~048~~046,~~387~~358.7752 6,~~699~~690.3866 0.00 B-6 0.00 1,~~038~~036,~~130~~120.2888 6,~~633~~625.8320 188,438.99 Totals 0.00 5449,~~690~~114,~~746~~896.5915 65,~~209~~795,~~455~~467.8992 188,438.99 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) A-1 44,424,300.00 1513,~~158~~900,~~716~~143.6852 5149,~~991~~003.3120 1873,~~206,581~~565.8536 0.00 0.00 A-2 50,477,200.00 6,~~976~~449,~~742~~939.1223 11,~~678~~106.2150 ~~515~~245,~~124~~588.6755 0.00 0.00 A-3 71,037,800.00 98,~~590~~541,~~427~~052.7479 1918,~~777~~249.3814 1390,~~029,597~~891.5747 0.00 0.00 A-4 73,898,400.00 54,~~154~~077,~~968~~031.0280 86,~~127~~548.3274 1455,~~069,808~~336.9041 0.00 0.00 A-5 55,630,500.00 54,~~933~~992,~~362~~136.7012 76,~~539~~547.4496 ~~933~~2,~~687~~380,862.1439 0.00 0.00 A-6 57,892,900.00 54,~~765~~683,~~703~~000.2247 98,~~819~~153.9154 1,~~072~~106,~~882~~678.8426 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 B-1 4,943,100.00 4,~~726~~718,~~936~~031.0530 89,~~904~~132.7517 0.00 0.00 0.00 B-2 2,197,400.00 2,~~101~~097,~~306~~348.7222 34,~~958~~059.5161 0.00 0.00 0.00 B-3 1,830,800.00 1,~~750~~747,~~738~~440.3121 3,~~298~~382.1033 0.00 0.00 0.00 B-4 1,464,800.00 1,~~400~~398,~~743~~104.6588 2,~~638~~706.7616 0.00 0.00 0.00 B-5 1,098,400.00 1,~~050~~048,~~366~~387.4877 12,~~978~~029.7125 0.00 0.00 0.00 B-6 1,281,973.98 1,~~040~~038,~~089~~130.6328 12,~~959~~009.3539 0.00 0.00 0.00 Totals 366,177,673.98 6054,~~650~~690,~~101~~746.3259 ~~131~~122,~~671~~927.7599 5,~~827~~452,~~682~~922.9744 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 A-1 1922,~~258,573~~568.1656 1312,~~900~~977,~~143~~574.5295 0.~~31289505~~29212784 1922,~~258,573~~568.1656 A-2 ~~526~~256,~~802~~695.8805 6,~~449~~193,~~939~~244.2318 0.~~12777926~~12269389 ~~526~~256,~~802~~695.8805 A-3 1409,~~049,374~~140.9561 8,~~541~~131,~~052~~912.7918 0.~~12023251~~11447303 1409,~~049,374~~140.9561 A-4 1461,~~077,936~~885.2215 43,~~077~~615,~~031~~146.8065 0.~~05517077~~04892050 1461,~~077,936~~885.2215 A-5 ~~941~~2,~~226~~387,410.5835 42,~~992~~604,~~136~~725.1277 0.~~08973739~~04682190 ~~941~~2,~~226~~387,410.5835 A-6 1,~~082~~114,~~702~~831.7580 43,~~683~~568,~~000~~168.4768 0.~~08089076~~06163396 1,~~082~~114,~~702~~831.7580 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 89,~~904~~132.7517 4,~~718~~708,~~031~~899.3012 0.~~95446811~~95262065 89,~~904~~132.7517 B-2 34,~~958~~059.5161 2,~~097~~093,~~348~~288.2261 0.~~95446811~~95262065 34,~~958~~059.5161 B-3 3,~~298~~382.1033 1,~~747~~744,~~440~~057.2188 0.~~95446811~~95262065 3,~~298~~382.1033 B-4 2,~~638~~706.7616 1,~~398~~395,~~104~~398.8873 0.~~95446810~~95262065 2,~~638~~706.7616 B-5 12,~~978~~029.7125 1,~~048~~046,~~387~~358.7752 0.~~95446811~~95262065 12,~~978~~029.7125 B-6 12,~~959~~009.3539 1,~~038~~036,~~130~~120.2888 0.~~80979045~~80822302 12,~~959~~009.3539 Totals 5,~~959~~575,~~354~~850.7243 5449,~~690~~114,~~746~~896.5915 0.~~14935576~~13412859 5,~~959~~575,~~354~~850.7243

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 44,424,300.00 ~~341~~312.~~22578589~~89504888 1.~~17033493~~10307197 2719.~~16040208~~66413337 0.00000000 A-2 50,477,200.00 ~~138~~127.~~21571165~~77925935 0.~~23135614~~22003003 104.~~20509596~~86533623 0.00000000 A-3 71,037,800.00 ~~135~~120.~~00457137~~23250706 0.~~27840643~~25689337 145.~~49365788~~50258412 0.00000000 A-4 73,898,400.00 6955.~~75750517~~17077230 0.~~10997965~~08861816 146.~~47675322~~16165451 0.00000000 A-5 55,630,500.00 ~~106~~89.~~65664878~~73739441 0.~~13552709~~11770450 1642.~~78372727~~79778880 0.00000000 A-6 57,892,900.00 9980.~~59257906~~89075638 0.~~16962201~~14083834 1819.~~53220067~~11595826 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 B-1 4,943,100.00 ~~956~~954.~~26955757~~46810706 1.~~80145051~~84745807 0.00000000 0.00000000 B-2 2,197,400.00 ~~956~~954.~~26955493~~46810776 1.~~80145172~~84746064 0.00000000 0.00000000 B-3 1,830,800.00 ~~956~~954.~~26955976~~46810684 1.~~80145292~~84746013 0.00000000 0.00000000 B-4 1,464,800.00 ~~956~~954.~~26955898~~46810486 1.~~80144730~~84746040 0.00000000 0.00000000 B-5 1,098,400.00 ~~956~~954.~~26955572~~46810816 1.~~80144756~~84745994 0.00000000 0.00000000 B-6 1,281,973.98 ~~811~~809.~~31883036~~79044520 1.~~52838515~~56741871 0.00000000 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 2820.~~33073701~~76720534 ~~312~~292.~~89504888~~12784332 0.~~31289505~~29212784 2820.~~33073701~~76720534 A-2 0.00000000 105.~~43645210~~08536626 ~~127~~122.~~77925935~~69389308 0.~~12777926~~12269389 105.~~43645210~~08536626 A-3 0.00000000 145.~~77206431~~75947749 ~~120~~114.~~23250706~~47302957 0.~~12023251~~11447303 145.~~77206431~~75947749 A-4 0.00000000 146.~~58673287~~25027267 5548.~~17077230~~92049963 0.~~05517077~~04892050 146.~~58673287~~25027267 A-5 0.00000000 1642.~~91925437~~91549330 8946.~~73739441~~82190112 0.~~08973739~~04682190 1642.~~91925437~~91549330 A-6 0.00000000 1819.~~70182268~~25679660 8061.~~89075638~~63395995 0.~~08089076~~06163396 1819.~~70182268~~25679660 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~80145051~~84745807 ~~954~~952.~~46810706~~62064696 0.~~95446811~~95262065 1.~~80145051~~84745807 B-2 0.00000000 1.~~80145172~~84746064 ~~954~~952.~~46810776~~62064713 0.~~95446811~~95262065 1.~~80145172~~84746064 B-3 0.00000000 1.~~80145292~~84746013 ~~954~~952.~~46810684~~62064671 0.~~95446811~~95262065 1.~~80145292~~84746013 B-4 0.00000000 1.~~80144730~~84746040 ~~954~~952.~~46810486~~62065128 0.~~95446810~~95262065 1.~~80144730~~84746040 B-5 0.00000000 1.~~80144756~~84745994 ~~954~~952.~~46810816~~62064822 0.~~95446811~~95262065 1.~~80144756~~84745994 B-6 0.00000000 1.~~52838515~~56741871 ~~809~~808.~~79044520~~22301869 0.~~80979045~~80822302 1.~~52838515~~56741871 (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 A-1 44,424,300.00 3.~~83234~~69813% 1513,~~158~~900,~~716~~143.6852 4842,~~411~~837.1607 0.00 0.00 A-2 50,477,200.00 3.~~80862~~64283% 6,~~976~~449,~~742~~939.1223 2219,~~143~~580.1203 0.00 0.00 A-3 71,037,800.00 4.~~26399~~11823% 98,~~590~~541,~~427~~052.7479 3429,~~077~~311.9366 0.00 0.00 A-4 73,898,400.00 6.~~72608~~82112% 54,~~154~~077,~~968~~031.0280 2823,~~893~~174.9394 0.00 0.00 A-5 55,630,500.00 6.~~84252~~82986% 54,~~933~~992,~~362~~136.7012 3328,~~832~~412.6199 0.00 0.00 A-6 57,892,900.00 6.~~73169~~71527% 54,~~765~~683,~~703~~000.2247 3226,~~344~~206.0933 0.00 0.00 R-I 50.00 7.~~99000~~98152% 0.00 0.00 0.00 0.00 R-II 50.00 7.~~99000~~98152% 0.00 0.00 0.00 0.00 B-1 4,943,100.00 5.~~49915~~44707% 4,~~726~~718,~~936~~031.0530 21,~~661~~416.7722 0.00 0.00 B-2 2,197,400.00 5.~~49915~~44707% 2,~~101~~097,~~306~~348.7222 9,~~629~~520.5034 0.00 0.00 B-3 1,830,800.00 5.~~49915~~44707% 1,~~750~~747,~~738~~440.3121 87,~~022~~932.9803 0.00 0.00 B-4 1,464,800.00 5.~~49915~~44707% 1,~~400~~398,~~743~~104.6588 6,~~419~~346.0832 0.00 0.00 B-5 1,098,400.00 5.~~49915~~44707% 1,~~050~~048,~~366~~387.4877 4,~~813~~758.4387 0.00 0.00 B-6 1,281,973.98 5.~~49915~~44707% 1,~~040~~038,~~089~~130.6328 4,~~766~~712.3431 0.00 0.00 Totals 366,177,673.98 ~~255~~224,~~015~~209.9411 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 A-1 ~~933~~877.0027 0.00 4741,~~478~~959.1680 0.00 1312,~~900~~977,~~143~~574.5295 A-2 ~~426~~400.7598 0.00 2119,~~716~~179.3705 0.00 6,~~449~~193,~~939~~244.2318 A-3 ~~656~~600.7628 0.00 3328,~~421~~711.1738 0.00 8,~~541~~131,~~052~~912.7918 A-4 ~~556~~474.8660 0.00 2822,~~337~~700.0833 0.00 43,~~077~~615,~~031~~146.8065 A-5 ~~652~~581.0487 0.00 3327,~~180~~831.5712 0.00 42,~~992~~604,~~136~~725.1277 A-6 ~~623~~536.3568 0.00 3125,~~720~~669.7565 0.00 43,~~683~~568,~~000~~168.4768 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 ~~417~~438.4759 0.00 2120,~~244~~977.2963 0.00 4,~~718~~708,~~031~~899.3012 B-2 ~~185~~194.5897 0.00 9,~~443~~325.9137 0.00 2,~~097~~093,~~348~~288.2261 B-3 ~~154~~162.6244 0.00 7,~~868~~769.3559 0.00 1,~~747~~744,~~440~~057.2188 B-4 ~~123~~129.7197 0.00 6,~~295~~216.3735 0.00 1,~~398~~395,~~104~~398.8873 B-5 9297.7746 0.00 4,~~720~~661.6741 0.00 1,~~048~~046,~~387~~358.7752 B-6 9196.8650 0.00 4,~~674~~615.4881 0.00 1,~~038~~036,~~130~~120.2888 Totals 4,~~914~~591.7761 0.00 ~~250~~219,~~101~~617.1749 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 A-1 44,424,300.00 3.~~83234~~69813% ~~341~~312.~~22578589~~89504888 10.~~08974503~~96427113 0.00000000 0.00000000 A-2 50,477,200.00 3.~~80862~~64283% ~~138~~127.~~21571165~~77925935 0.~~43867568~~38789850 0.00000000 0.00000000 A-3 71,037,800.00 4.~~26399~~11823% ~~135~~120.~~00457137~~23250706 0.~~47971545~~41262060 0.00000000 0.00000000 A-4 73,898,400.00 6.~~72608~~82112% 6955.~~75750517~~17077230 0.~~39099534~~31360544 0.00000000 0.00000000 A-5 55,630,500.00 6.~~84252~~82986% ~~106~~89.~~65664878~~73739441 0.~~60816656~~51074483 0.00000000 0.00000000 A-6 57,892,900.00 6.~~73169~~71527% 9980.~~59257906~~89075638 0.~~55868837~~45266915 0.00000000 0.00000000 R-I 50.00 7.~~99000~~98152% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.~~99000~~98152% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,943,100.00 5.~~49915~~44707% ~~956~~954.~~26955757~~46810706 4.~~38222371~~33254840 0.00000000 0.00000000 B-2 2,197,400.00 5.~~49915~~44707% ~~956~~954.~~26955493~~46810776 4.~~38222445~~33254756 0.00000000 0.00000000 B-3 1,830,800.00 5.~~49915~~44707% ~~956~~954.~~26955976~~46810684 4.~~38222635~~33254861 0.00000000 0.00000000 B-4 1,464,800.00 5.~~49915~~44707% ~~956~~954.~~26955898~~46810486 4.~~38222283~~33255052 0.00000000 0.00000000 B-5 1,098,400.00 5.~~49915~~44707% ~~956~~954.~~26955572~~46810816 4.~~38221959~~33254734 0.00000000 0.00000000 B-6 1,281,973.98 5.~~49915~~44707% ~~811~~809.~~31883036~~79044520 3.~~71796938~~67582344 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 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 A-1 0.~~02100202~~01974753 0.00000000 10.~~06874301~~94452361 0.00000000 ~~312~~292.~~89504888~~12784332 A-2 0.~~00845431~~00794378 0.00000000 0.~~43022137~~37995471 0.00000000 ~~127~~122.~~77925935~~69389308 A-3 0.~~00924522~~00845015 0.00000000 0.~~47047023~~40417046 0.00000000 ~~120~~114.~~23250706~~47302957 A-4 0.~~00753548~~00642233 0.00000000 0.~~38345999~~30718297 0.00000000 5548.~~17077230~~92049963 A-5 0.~~01172091~~01045955 0.00000000 0.~~59644565~~50028528 0.00000000 8946.~~73739441~~82190112 A-6 0.~~01076730~~00927022 0.00000000 0.~~54792125~~44339893 0.00000000 8061.~~89075638~~63395995 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~08445510~~08872772 0.00000000 4.~~29776658~~24382068 0.00000000 ~~954~~952.~~46810706~~62064696 B-2 0.~~08445436~~08872759 0.00000000 4.~~29776554~~24381997 0.00000000 ~~954~~952.~~46810776~~62064713 B-3 0.~~08445488~~08872624 0.00000000 4.~~29776600~~24382237 0.00000000 ~~954~~952.~~46810684~~62064671 B-4 0.~~08445522~~08872884 0.00000000 4.~~29776761~~24382168 0.00000000 ~~954~~952.~~46810486~~62065128 B-5 0.~~08445921~~08872906 0.00000000 4.~~29776948~~24381828 0.00000000 ~~954~~952.~~46810816~~62064822 B-6 0.~~07165512~~07527454 0.00000000 3.~~64631426~~60054890 0.00000000 ~~809~~808.~~79044520~~22301869 (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 65,~~225~~829,~~487~~712.6970 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4229,~~113~~460.6184 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 65,~~267~~859,~~601~~173.3054 Withdrawals Reimbursement for Servicer Advances 3442,~~453~~113.7061 Payment of Service Fee 2321,~~691~~592.7101 Payment of Interest and Principal 65,~~209~~795,~~455~~467.8992 Total Withdrawals (Pool Distribution Amount) 65,~~267~~859,~~601~~173.3054 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 4,~~914~~591.7762

SERVICING FEES Gross Servicing Fee 1917,~~044~~265.9422 Master Servicing Fee ~~1,010~~911.7952 PMI Policy Payment 3,~~635~~415.9827 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2321,~~691~~592.7101

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 2 0 0 2 ~~175~~174,~~335~~765.7639 0.00 0.00 ~~175~~174,~~335~~765.7639 30 Days 2512 1 0 0 2613 31,~~381~~396,~~609~~835.7395 8786,~~023~~842.5512 0.00 0.00 31,~~468~~483,~~633~~678.2807 60 Days 48 0 0 0 48 ~~501~~1,~~361~~258,549.1571 0.00 0.00 0.00 ~~501~~1,~~361~~258,549.1571 90 Days 10 0 0 0 10 ~~98,145~~0.3500 0.00 0.00 0.00 ~~98,145~~0.3500 120 Days 0 0 21 0 21 0.00 0.00 ~~280~~201,~~300~~636.2163 0.00 ~~280~~201,~~300~~636.2163 150 Days 0 0 1 0 1 0.00 0.00 ~~339~~78,~~237~~517.4629 0.00 ~~339~~78,~~237~~517.4629 180+ Days 0 1 43 12 6 0.00 ~~272~~271,~~783~~452.6737 1,~~092~~035,~~522~~870.3040 ~~140~~197,~~848~~499.0392 1,~~506~~504,~~154~~822.0069 Totals 3020 4 75 12 4231 32,~~981~~655,~~116~~385.2366 ~~535~~533,~~142~~059.9888 1,~~712~~316,~~059~~024.9732 ~~140~~197,~~848~~499.0392 64,~~369~~701,~~167~~969.2178 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.~~579710~~619195% 0.000000% 0.000000% 0.~~579710~~619195% 0.~~319793~~354895% 0.000000% 0.000000% 0.~~319793~~354895% 30 Days 73.~~246377~~715170% 0.~~289855~~309598% 0.000000% 0.000000% 74.~~536232~~024768% 62.~~167682~~836546% 0.~~158721~~176350% 0.000000% 0.000000% 63.~~326403~~012896% 60 Days 12.~~159420~~476780% 0.000000% 0.000000% 0.000000% 12.~~159420~~476780% 02.~~914427~~555729% 0.000000% 0.000000% 0.000000% 02.~~914427~~555729% 90 Days 0.~~289855~~000000% 0.000000% 0.000000% 0.000000% 0.~~289855~~000000% 0.~~179006~~000000% 0.000000% 0.000000% 0.000000% 0.~~179006~~000000% 120 Days 0.000000% 0.000000% 0.~~579710~~309598% 0.000000% 0.~~579710~~309598% 0.000000% 0.000000% 0.~~511237~~409462% 0.000000% 0.~~511237~~409462% 150 Days 0.000000% 0.000000% 0.~~289855~~309598% 0.000000% 0.~~289855~~309598% 0.000000% 0.000000% 0.~~618732~~159445% 0.000000% 0.~~618732~~159445% 180+ Days 0.000000% 0.~~289855~~309598% 10.~~159420~~928793% 0.~~289855~~619195% 1.~~739130~~857585% 0.000000% 0.~~497527~~551237% 12.~~992640~~103536% 0.~~256891~~401062% 23.~~747058~~055834% Totals 86.~~695652~~191950% 1.~~159420~~238390% 21.~~028986~~547988% 0.~~289855~~619195% 129.~~173913~~597523% 75.~~261116~~392275% 01.~~976042~~082481% 32.~~122608~~672442% 0.~~256891~~401062% 119.~~616656~~548261%

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 97 1 0 0 108 ~~678~~522,~~740~~490.1478 8786,~~023~~842.5512 0.00 0.00 ~~765~~609,~~763~~332.6990 60 Days 35 0 0 0 35 ~~248~~412,~~634~~364.4772 0.00 0.00 0.00 ~~248~~412,~~634~~364.4772 90 Days 10 0 0 0 10 ~~98,145~~0.3500 0.00 0.00 0.00 ~~98,145~~0.3500 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 1 0.00 0.00 0.00 56,651.89 ~~0.00~~ 56,651.89 Totals 1312 1 1 0 15 1 14 934,~~025,519~~855.9650 8786,~~023~~842.5512 0.00 56,651.89 ~~0.00~~ 1,~~169~~078,~~195~~349.4051 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 65.~~250000~~035971% 0.~~694444~~719424% 0.000000% 0.000000% 65.~~944444~~755396% 43.~~394335~~598280% 0.~~563412~~598063% 0.000000% 0.000000% 4.~~957748~~196343% 60 Days 23.~~083333~~597122% 0.000000% 0.000000% 0.000000% 23.~~083333~~597122% 12.~~609722~~839866% 0.000000% 0.000000% 0.000000% 12.~~609722~~839866% 90 Days 0.~~694444~~000000% 0.000000% 0.000000% 0.000000% 0.~~694444~~000000% 0.~~635418~~000000% 0.000000% 0.000000% 0.000000% 0.~~635418~~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.~~694444~~000000% 0.~~000000~~719424% 0.~~694444~~719424% 0.000000% 0.000000% 0.~~366779~~000000% 0.~~000000~~390149% 0.~~366779~~390149% Totals 98.~~027778~~633094% 0.~~694444~~719424% 0.~~694444~~000000% 0.~~000000~~719424% 10.~~416667~~071942% 6.~~639475~~438146% 0.~~563412~~598063% 0.~~366779~~000000% 0.~~000000~~390149% 7.~~569666~~426358% 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 30 0 0 0 30 ~~305,025~~0.3700 0.00 0.00 0.00 ~~305,025~~0.3700 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 1 0 1 0.00 0.00 201,~~782~~636.9263 0.00 201,~~782~~636.9263 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 1 1 0.00 0.00 0.00 140,848.03 140,848.03 Totals 30 0 1 1 52 ~~305,025~~0.3700 0.00 201,~~782~~636.9263 140,848.03 ~~647~~342,~~656~~484.3266 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% 30.~~715526~~000000% 0.000000% 0.000000% 0.000000% 30.~~715526~~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% 1.~~515152~~562500% 0.000000% 1.~~515152~~562500% 0.000000% 0.000000% 2.~~457926~~536552% 0.000000% 2.~~457926~~536552% 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% 1.~~515152~~562500% 1.~~515152~~562500% 0.000000% 0.000000% 0.000000% 1.~~715675~~771843% 1.~~715675~~771843% Totals 40.~~545455~~000000% 0.000000% 1.~~515152~~562500% 1.~~515152~~562500% 73.~~575758~~125000% 30.~~715526~~000000% 0.000000% 2.~~457926~~536552% 1.~~715675~~771843% 74.~~889127~~308395% 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 2 0 0 2 ~~175~~174,~~335~~765.7639 0.00 0.00 ~~175~~174,~~335~~765.7639 30 Days 63 0 0 0 63 1244,~~120,028~~200.9206 0.00 0.00 0.00 1244,~~120,028~~200.9206 60 Days 02 0 0 0 02 0743,861.0050 0.00 0.00 0.00 0743,861.0050 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 10 0 10 0.00 0.00 ~~78,517~~0.2900 0.00 ~~78,517~~0.2900 150 Days 0 0 01 0 01 0.00 0.00 078,517.0029 0.00 078,517.0029 180 Days 0 0 1 0 1 0.00 0.00 213,693.60 0.00 213,693.60 Totals 65 2 2 0 109 1988,~~120,028~~061.9256 ~~175~~174,~~335~~765.7639 292,210.89 0.00 1,~~587~~455,~~575~~037.5784 0-29 Days 3.~~448276~~571429% 0.000000% 0.000000% 3.~~448276~~571429% 1.~~616744~~675401% 0.000000% 0.000000% 1.~~616744~~675401% 30 Days 105.~~344828~~357143% 0.000000% 0.000000% 0.000000% 105.~~344828~~357143% 102.~~327614~~341041% 0.000000% 0.000000% 0.000000% 102.~~327614~~341041% 60 Days 03.~~000000~~571429% 0.000000% 0.000000% 0.000000% 03.~~000000~~571429% 07.~~000000~~131081% 0.000000% 0.000000% 0.000000% 07.~~000000~~131081% 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% 10.~~724138~~000000% 0.000000% 10.~~724138~~000000% 0.000000% 0.000000% 0.~~723996~~000000% 0.000000% 0.~~723996~~000000% 150 Days 0.000000% 0.000000% 01.~~000000~~785714% 0.000000% 01.~~000000~~785714% 0.000000% 0.000000% 0.~~000000~~752712% 0.000000% 0.~~000000~~752712% 180 Days 0.000000% 0.000000% 1.~~724138~~785714% 0.000000% 1.~~724138~~785714% 0.000000% 0.000000% 12.~~970436~~048589% 0.000000% 12.~~970436~~048589% Totals 108.~~344828~~928571% 3.~~448276~~571429% 3.~~448276~~571429% 0.000000% 1716.~~241379~~071429% 109.~~327614~~472122% 1.~~616744~~675401% 2.~~694432~~801300% 0.000000% 1413.~~638790~~948823% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 20 0 0 0 20 ~~297,506~~0.3000 0.00 0.00 0.00 ~~297,506~~0.3000 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 1 2 0 3 0.00 ~~272~~271,~~783~~452.6737 822,176.8180 0.00 1,~~094~~093,~~960~~629.4817 Totals 20 1 2 0 53 ~~297,506~~0.3000 ~~272~~271,~~783~~452.6737 822,176.8180 0.00 1,~~392~~093,~~466~~629.7817 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 80.~~695652~~000000% 0.000000% 0.000000% 0.000000% 80.~~695652~~000000% 40.~~457274~~000000% 0.000000% 0.000000% 0.000000% 40.~~457274~~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% 4.~~347826~~545455% 89.~~695652~~090909% 0.000000% 13.~~043478~~636364% 0.000000% 4.~~086877~~374793% 1213.~~317950~~250405% 0.000000% 1617.~~404827~~625198% Totals 80.~~695652~~000000% 4.~~347826~~545455% 89.~~695652~~090909% 0.000000% 2113.~~739130~~636364% 40.~~457274~~000000% 4.~~086877~~374793% 1213.~~317950~~250405% 0.000000% 2017.~~862101~~625198% 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 ~~784~~542,~~970~~595.4534 0.00 0.00 0.00 ~~784~~542,~~970~~595.4534 60 Days 10 0 0 0 10 ~~252,726~~0.6800 0.00 0.00 0.00 ~~252,726~~0.6800 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 10 0 10 0.00 0.00 ~~339,237~~0.4600 0.00 ~~339,237~~0.4600 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 31 0 10 0 4 1 542,~~037,697~~595.1334 0.00 ~~339,237~~0.4600 0.00 1542,~~376,934~~595.5934 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 97.~~090909~~142857% 0.000000% 0.000000% 0.000000% 97.~~090909~~142857% 11.~~292564~~908276% 0.000000% 0.000000% 0.000000% 11.~~292564~~908276% 60 Days 40.~~545455~~000000% 0.000000% 0.000000% 0.000000% 40.~~545455~~000000% 30.~~635719~~000000% 0.000000% 0.000000% 0.000000% 30.~~635719~~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% 40.~~545455~~000000% 0.000000% 40.~~545455~~000000% 0.000000% 0.000000% 40.~~880261~~000000% 0.000000% 40.~~880261~~000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 137.~~636364~~142857% 0.000000% 40.~~545455~~000000% 0.000000% 187.~~181818~~142857% 1411.~~928283~~908276% 0.000000% 40.~~880261~~000000% 0.000000% 1911.~~808544~~908276% 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 31 0 0 0 31 ~~195~~87,~~338~~549.5577 0.00 0.00 0.00 ~~195~~87,~~338~~549.5577 60 Days 01 0 0 0 01 0102,323.0049 0.00 0.00 0.00 0102,323.0049 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 32 0 0 0 32 ~~195~~189,~~338~~873.5526 0.00 0.00 0.00 ~~195~~189,~~338~~873.5526 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 93.~~375000~~571429% 0.000000% 0.000000% 0.000000% 93.~~375000~~571429% 21.~~914728~~568483% 0.000000% 0.000000% 0.000000% 21.~~914728~~568483% 60 Days 03.~~000000~~571429% 0.000000% 0.000000% 0.000000% 03.~~000000~~571429% 01.~~000000~~833159% 0.000000% 0.000000% 0.000000% 01.~~000000~~833159% 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 97.~~375000~~142857% 0.000000% 0.000000% 0.000000% 97.~~375000~~142857% 23.~~914728~~401642% 0.000000% 0.000000% 0.000000% 23.~~914728~~401642%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4229,~~113~~460.6184

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~511434~~393258% Weighted Average Net Coupon 5.~~134618~~014432% Weighted Average Pass-Through Rate 54.~~042678~~919497% Weighted Average Maturity(Stepdown Calculation ) ~~296~~295 Beginning Scheduled Collateral Loan Count ~~368~~345 Number Of Loans Paid In Full 2322 Ending Scheduled Collateral Loan Count ~~345~~323 Beginning Scheduled Collateral Balance 6054,~~650~~690,~~101~~746.3158 Ending Scheduled Collateral Balance 5449,~~690~~114,~~746~~896.5816 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 5449,~~827~~244,~~887~~254.0075 Monthly P &I Constant ~~410~~368,~~229~~729.2705 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 176,495.72 Ending Scheduled Balance for Premium Loans 5449,~~690~~114,~~746~~896.5816 Scheduled Principal ~~131~~122,~~671~~927.7698 Unscheduled Principal 5,~~827~~452,~~682~~922.9744

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~304541~~185485 4.~~703618~~537831 4.~~637973~~490186 Weighted Average Net Rate 3.~~841519~~718126 4.~~328617~~162831 4.~~283993~~138223 Weighted Average Maturity ~~228~~227 ~~311~~310 ~~290~~289 Beginning Loan Count ~~150~~144 6966 5958 Loans Paid In Full 65 32 12 Ending Loan Count ~~144~~139 6664 5856 Beginning Scheduled Balance 1615,~~655~~392,~~789~~081.5674 8,~~726~~196,~~401~~670.9333 1110,~~869~~815,~~490~~415.7390 Ending scheduled Balance 1514,~~392~~464,~~081~~253.7454 87,~~196~~936,~~670~~967.3349 10,~~815~~401,415.9080 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~116~~107,~~872~~948.2595 4845,~~811~~110.6521 7063,~~352~~577.5799 Scheduled Principal 5754,~~125~~262.9784 14,~~606~~114.9329 2423,~~477~~108.2663 Unscheduled Principal 1873,~~206,581~~565.8536 ~~515~~245,~~124~~588.6755 1390,~~029,597~~891.5747 Scheduled Interest 5953,~~746~~686.2811 3430,~~204~~995.7292 4540,~~875~~469.3136 Servicing Fees 65,~~426~~994.6770 2,~~727~~561.0146 3,~~501~~172.3019 Master Servicing Fees ~~277~~256.6151 ~~145~~136.4263 ~~197~~180.7926 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 3,~~635~~415.9827 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 5347,~~042~~434.0090 2724,~~696~~882.3156 4237,~~176~~116.2291 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 (11,658.20) 186,807.01 Percentage of Cumulative Losses 0.00 (11,658.20) 186,807.01 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.~~821521~~698126 3.~~808618~~642831 4.~~263993~~118226

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~071328~~165441 7.~~184481~~167861 7.~~087683~~075841 Weighted Average Net Rate 6.~~746078~~841118 6.~~862518~~849861 6.~~751691~~735265 Weighted Average Maturity ~~325~~324 ~~314~~313 ~~286~~285 Beginning Loan Count 2623 2822 3632 Loans Paid In Full 31 68 4 Ending Loan Count 23 22 3214 28 Beginning Scheduled Balance 76,~~735~~653,~~520~~516.9725 76,~~886~~942,~~328~~620.7354 76,~~776~~690,~~569~~441.3982 Ending scheduled Balance 6,~~653~~187,~~516~~492.2562 64,~~942~~552,~~620~~651.5483 65,~~690~~572,~~441~~114.8288 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 5750,~~779~~416.4970 5750,~~237~~576.0310 5951,~~176~~099.2810 Scheduled Principal 1210,~~195~~687.8222 109,~~021~~106.0532 1311,~~244~~648.7368 Unscheduled Principal 1455,~~069,808~~336.9041 ~~933~~2,~~687~~380,862.1439 1,~~072~~106,~~882~~678.8426 Scheduled Interest 4539,~~583~~729.6748 4741,~~215~~469.9878 4539,~~931~~450.5542 Servicing Fees 21,~~096~~798.6524 21,~~115~~839.9279 21,~~177~~898.3984 Master Servicing Fees ~~128~~110.9289 ~~131~~115.4272 ~~129~~111.6351 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 4337,~~358~~820.1035 4439,~~968~~514.6427 4337,~~624~~440.5307 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 1,346.91 0.00 Percentage of Cumulative Losses 0.00 1,346.91 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~726079~~821120 6.~~842516~~829860 6.~~731689~~715267

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~511434~~393258 Weighted Average Net Rate 5.~~134618~~014432 Weighted Average Maturity ~~296~~295.00 Record Date 0809/3130/2003 Principal And Interest Constant ~~410~~368,~~229~~729.2705 Beginning Loan Count ~~368~~345 Loans Paid In Full 2322 Ending Loan Count ~~345~~323 Beginning Scheduled Balance 6054,~~650~~690,~~101~~746.3158 Ending Scheduled Balance 5449,~~690~~114,~~746~~896.5816 Scheduled Principal ~~131~~122,~~671~~927.7698 Unscheduled Principal 5,~~827~~452,~~682~~922.9744 Scheduled Interest ~~278~~245,~~557~~801.5107 Servicing Fee 1917,~~044~~265.9422 Master Servicing Fee ~~1,010~~911.7952 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,~~635~~415.9827 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest ~~254~~224,~~865~~209.8006 Realized Loss Amount 0.00 Cumulative Realized Loss 176,495.72 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 54.~~042678~~919497

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS-THROUGH CERT SER 2001-1