8-K 1 bst02010.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): November 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-12 90-0082688 Pooling and Servicing Agreement) (Commission 90-0072852 (State or other File Number) 90-0082673 jurisdiction IRS EIN 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 November 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-10 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-10 Trust, relating to the November 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-10 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-10 Trust, relating to the November 25, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2725/03 BST Series: 2002-10 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 07384MQE5 SEN 4.~~78679~~75892% 6858,~~089~~703,~~903~~012.2972 ~~269~~232,~~964~~612.5074 96,~~386~~005,~~890~~512.5792 II-A-1 07384MQF2 SEN 5.~~28688~~29249% 1211,~~793~~804,~~588~~304.4043 5652,~~023~~019.7343 ~~989~~762,~~283~~368.9714 II-A-2 07384MQV7 SEN 4.~~51088~~51649% 6964,~~915~~509,~~783~~437.5970 ~~261~~242,~~226~~599.2028 54,~~406~~166,~~345~~271.8973 II-X 07384MQH8 SEN 0.77600% 0.00 4441,~~938~~682.3314 0.00 III-A 07384MQG0 SEN 5.~~34235~~33673% 5852,~~566~~774,~~097~~319.3164 ~~259~~234,~~154~~510.5662 53,~~791~~423,~~777~~459.6723 R-I 07384MQJ4 RES 4.~~73944~~74135% 0.00 0.00 0.00 R-II 07384MQK1 RES 4.~~73944~~74135% 0.00 0.00 0.00 R-III 07384MQW5 RES 4.~~73944~~74135% 0.00 0.00 0.00 B-1 07384MQL9 SUB 5.~~07769~~06921% 6,~~631~~281,~~574~~475.5996 2726,~~890~~513.9347 ~~350~~246,~~098~~651.6334 B-2 07384MQM7 SUB 5.~~07769~~06921% 43,~~080~~865,~~999~~552.4351 1716,~~163~~316.7810 ~~215~~151,~~446~~786.9257 B-3 07384MQN5 SUB 5.~~07769~~06921% 2,~~805~~657,~~513~~403.9230 11,~~799~~216.3763 ~~148~~104,~~110~~346.6183 B-4 07384MQP0 SUB 5.~~07769~~06921% 1966,~~020,249~~388.8613 4,~~290~~079.9503 5337,~~861~~946.7364 B-5 07384MQR6 SUB 5.~~07769~~06921% 1966,~~020,249~~388.8613 4,~~290~~079.9503 5337,~~861~~946.7364 B-6 07384MQT2 SUB 5.~~07769~~06921% 1966,~~020,392~~523.7446 4,~~291~~079.5560 5337,~~869~~951.2796 Totals ~~225~~203,~~944~~494,~~352~~805.9998 ~~961~~869,~~034~~708.8507 2214,~~449~~974,~~546~~242.9900

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 5852,~~703~~697,~~012~~499.7281 96,~~656~~238,~~855~~125.0766 0.00 II-A-1 0.00 11,~~804~~041,~~304~~936.4329 1814,~~045,307~~387.7057 0.00 II-A-2 0.00 6460,~~509~~343,~~437~~165.7097 54,~~667~~408,~~572~~871.0901 0.00 II-X 0.00 0.00 4441,~~938~~682.3314 0.00 III-A 0.00 5249,~~774~~350,~~319~~860.6441 63,~~050~~657,~~932~~969.2385 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 B-1 0.00 6,~~281~~034,~~475~~824.9662 ~~377~~273,~~989~~164.5681 0.00 B-2 0.00 3,~~865~~713,~~552~~765.5194 ~~232~~168,~~610~~102.7067 0.00 B-3 0.00 2,~~657~~553,~~403~~056.3048 ~~159~~115,~~909~~563.9846 0.00 B-4 0.00 ~~966~~928,~~388~~441.1348 5842,~~152~~025.6867 0.00 B-5 0.00 ~~966~~928,~~388~~441.1348 5842,~~152~~025.6867 0.00 B-6 0.00 ~~966~~928,~~523~~571.4651 5842,~~160~~031.8256 0.00 Totals 0.00 ~~203~~188,~~494~~520,~~805~~563.9899 2315,~~410~~843,~~581~~950.8407 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 222,134,800.00 6858,~~089~~703,~~903~~012.2972 8777,~~997~~057.1330 95,~~298~~928,~~893~~455.4461 0.00 0.00 II-A-1 25,000,000.00 1211,~~793~~804,~~588~~304.4043 1211,~~271~~320.0567 ~~977~~751,~~012~~047.9347 0.00 0.00 II-A-2 136,622,700.00 6964,~~915~~509,~~783~~437.5970 6761,~~060~~866.1442 54,~~339~~104,~~285~~405.7630 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 114,934,600.00 5852,~~566~~774,~~097~~319.3164 2725,~~836~~713.4321 53,~~763~~397,~~941~~746.2302 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 R-III 100.00 0.00 0.00 0.00 0.00 0.00 B-1 6,700,800.00 6,~~631~~281,~~574~~475.5996 6,~~597~~306.9816 ~~343~~240,~~500~~345.6518 0.00 0.00 B-2 4,123,600.00 43,~~080~~865,~~999~~552.4351 43,~~060~~880.3274 ~~211~~147,~~386~~905.5983 0.00 0.00 B-3 2,834,800.00 2,~~805~~657,~~513~~403.9230 2,~~791~~667.3085 ~~145~~101,~~319~~678.3198 0.00 0.00 B-4 1,030,900.00 1966,~~020,249~~388.8613 ~~1,015~~970.0819 5236,~~846~~976.6546 0.00 0.00 B-5 1,030,900.00 1966,~~020,249~~388.8613 ~~1,015~~970.0819 5236,~~846~~976.6546 0.00 0.00 B-6 1,031,044.46 1966,~~020,392~~523.7446 ~~1,015~~970.2232 5236,~~854~~981.0564 0.00 0.00 Totals 515,444,344.46 ~~225~~203,~~944~~494,~~352~~805.9998 ~~211~~191,~~659~~723.7305 2214,~~237~~782,~~887~~518.2695 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 96,~~386~~005,~~890~~512.5792 5852,~~703~~697,~~012~~499.7281 0.~~26426752~~23723208 96,~~386~~005,~~890~~512.5792 II-A-1 ~~989~~762,~~283~~368.9714 11,~~804~~041,~~304~~936.4329 0.~~47217218~~44167745 ~~989~~762,~~283~~368.9714 II-A-2 54,~~406~~166,~~345~~271.8973 6460,~~509~~343,~~437~~165.7097 0.~~47217218~~44167745 54,~~406~~166,~~345~~271.8973 II-X 0.00 0.00 0.00000000 0.00 III-A 53,~~791~~423,~~777~~459.6723 5249,~~774~~350,~~319~~860.6441 0.~~45916825~~42938210 53,~~791~~423,~~777~~459.6723 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 B-1 ~~350~~246,~~098~~651.6334 6,~~281~~034,~~475~~824.9662 0.~~93742179~~90061256 ~~350~~246,~~098~~651.6334 B-2 ~~215~~151,~~446~~786.9257 3,~~865~~713,~~552~~765.5194 0.~~93742179~~90061256 ~~215~~151,~~446~~786.9257 B-3 ~~148~~104,~~110~~346.6183 2,~~657~~553,~~403~~056.3048 0.~~93742179~~90061256 ~~148~~104,~~110~~346.6183 B-4 5337,~~861~~946.7364 ~~966~~928,~~388~~441.1348 0.~~93742180~~90061255 5337,~~861~~946.7364 B-5 5337,~~861~~946.7364 ~~966~~928,~~388~~441.1348 0.~~93742180~~90061255 5337,~~861~~946.7364 B-6 5337,~~869~~951.2796 ~~966~~928,~~523~~571.4651 0.~~93742171~~90061248 5337,~~869~~951.2796 Totals 2214,~~449~~974,~~546~~242.9900 ~~203~~188,~~494~~520,~~805~~563.9899 0.~~39479491~~36574378 2214,~~449~~974,~~546~~242.9900

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 222,134,800.00 ~~306~~264.~~52515180~~26752008 0.~~39614293~~34689432 4126.~~86148879~~68854952 0.00000000 II-A-1 25,000,000.00 ~~511~~472.~~74353600~~17217720 0.~~49084200~~45282680 3930.~~08051720~~04189880 0.00000000 II-A-2 136,622,700.00 ~~511~~472.~~74353596~~17217710 0.~~49084186~~45282680 3930.~~08051707~~04189860 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 114,934,600.00 ~~509~~459.~~56019606~~16825429 0.~~24219365~~22372036 5029.~~14974803~~56242959 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 R-III 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 ~~989~~937.~~66908280~~42179441 0.~~98465556~~94110554 5135.~~26263282~~86813216 0.00000000 B-2 4,123,600.00 ~~989~~937.~~66908284~~42179406 0.~~98465419~~94110486 5135.~~26263217~~86813221 0.00000000 B-3 2,834,800.00 ~~989~~937.~~66908424~~42179342 0.~~98465500~~94110696 5135.~~26263228~~86813179 0.00000000 B-4 1,030,900.00 ~~989~~937.~~66908527~~42179649 0.~~98465419~~94110971 5135.~~26263459~~86813464 0.00000000 B-5 1,030,900.00 ~~989~~937.~~66908527~~42179649 0.~~98465419~~94110971 5135.~~26263459~~86813464 0.00000000 B-6 1,031,044.46 ~~989~~937.~~66900031~~42170924 0.~~98465201~~94110394 5135.~~26262935~~86813317 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 I-A 0.00000000 4227.~~25763172~~03544388 ~~264~~237.~~26752008~~23207624 0.~~26426752~~23723208 4227.~~25763172~~03544388 II-A-1 0.00000000 3930.~~57135880~~49472560 ~~472~~441.~~17217720~~67745160 0.~~47217218~~44167745 3930.~~57135880~~49472560 II-A-2 0.00000000 3930.~~57135886~~49472547 ~~472~~441.~~17217710~~67745162 0.~~47217218~~44167745 3930.~~57135886~~49472547 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 5029.~~39194177~~78614995 ~~459~~429.~~16825429~~38210434 0.~~45916825~~42938210 5029.~~39194177~~78614995 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 B-1 0.00000000 5236.~~24728838~~80923770 ~~937~~900.~~42179441~~61255671 0.~~93742179~~90061256 5236.~~24728838~~80923770 B-2 0.00000000 5236.~~24728878~~80923707 ~~937~~900.~~42179406~~61255699 0.~~93742179~~90061256 5236.~~24728878~~80923707 B-3 0.00000000 5236.~~24728729~~80923875 ~~937~~900.~~42179342~~61255821 0.~~93742179~~90061256 5236.~~24728729~~80923875 B-4 0.00000000 5236.~~24728878~~80923465 ~~937~~900.~~42179649~~61255214 0.~~93742180~~90061255 5236.~~24728878~~80923465 B-5 0.00000000 5236.~~24728878~~80923465 ~~937~~900.~~42179649~~61255214 0.~~93742180~~90061255 5236.~~24728878~~80923465 B-6 0.00000000 5236.~~24728136~~80923711 ~~937~~900.~~42170924~~61248183 0.~~93742171~~90061248 5236.~~24728136~~80923711 (3) Amount Does Not Include Excess Special Hazard, 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 222,134,800.00 4.~~78679~~75892% 6858,~~089~~703,~~903~~012.2972 ~~271~~232,~~609~~802.7827 0.00 0.00 II-A-1 25,000,000.00 5.~~28688~~29249% 1211,~~793~~804,~~588~~304.4043 5652,~~365~~061.1682 0.00 0.00 II-A-2 136,622,700.00 4.~~51088~~51649% 6964,~~915~~509,~~783~~437.5970 ~~262~~242,~~818~~796.2295 0.00 0.00 II-X 0.00 0.77600% 6964,~~915~~509,~~783~~437.5970 4541,~~212~~716.2110 0.00 0.00 III-A 114,934,600.00 5.~~34235~~33673% 5852,~~566~~774,~~097~~319.3164 ~~260~~234,~~733~~701.9570 0.00 0.00 R-I 50.00 4.~~73944~~74135% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~73944~~74135% 0.00 0.00 0.00 0.00 R-III 100.00 4.~~73944~~74135% 0.00 0.00 0.00 0.00 B-1 6,700,800.00 5.~~07769~~06921% 6,~~631~~281,~~574~~475.5996 2826,~~060~~535.9107 0.00 0.00 B-2 4,123,600.00 5.~~07769~~06921% 43,~~080~~865,~~999~~552.4351 1716,~~268~~329.3840 0.00 0.00 B-3 2,834,800.00 5.~~07769~~06921% 2,~~805~~657,~~513~~403.9230 11,~~871~~225.2877 0.00 0.00 B-4 1,030,900.00 5.~~07769~~06921% 1966,~~020,249~~388.8613 4,~~317~~082.1035 0.00 0.00 B-5 1,030,900.00 5.~~07769~~06921% 1966,~~020,249~~388.8613 4,~~317~~082.1035 0.00 0.00 B-6 1,031,044.46 5.~~07769~~06921% 1966,~~020,392~~523.7446 4,~~317~~082.7092 0.00 0.00 Totals 515,444,344.46 ~~966~~870,~~891~~416.7970 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 ~~1,645~~189.2853 0.00 ~~269~~232,~~964~~612.5074 0.00 5852,~~703~~697,~~012~~499.7281 II-A-1 ~~341~~42.4338 0.00 5652,~~023~~019.7343 0.00 11,~~804~~041,~~304~~936.4329 II-A-2 ~~1,592~~197.0267 0.00 ~~261~~242,~~226~~599.2028 0.00 6460,~~509~~343,~~437~~165.7097 II-X ~~273~~33.8796 0.00 4441,~~938~~682.3314 0.00 6460,~~509~~343,~~437~~165.7097 III-A ~~1,579~~191.4008 0.00 ~~259~~234,~~154~~510.5662 0.00 5249,~~774~~350,~~319~~860.6441 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 B-1 ~~169~~21.9860 0.00 2726,~~890~~513.9347 0.00 6,~~281~~034,~~475~~824.9662 B-2 ~~104~~13.6029 0.00 1716,~~163~~316.7810 0.00 3,~~865~~713,~~552~~765.5194 B-3 719.9114 0.00 11,~~799~~216.3763 0.00 2,~~657~~553,~~403~~056.3048 B-4 263.1532 0.00 4,~~290~~079.9503 0.00 ~~966~~928,~~388~~441.1348 B-5 263.1532 0.00 4,~~290~~079.9503 0.00 ~~966~~928,~~388~~441.1348 B-6 263.1532 0.00 4,~~291~~079.5560 0.00 ~~966~~928,~~523~~571.4651 Totals ~~5,856~~708.9461 0.00 ~~961~~869,~~034~~708.8507 0.00 (4) Amount Does Not Include Excess Special Hazard, 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 222,134,800.00 4.~~78679~~75892% ~~306~~264.~~52515180~~26752008 1.~~22272503~~04802251 0.00000000 0.00000000 II-A-1 25,000,000.00 5.~~28688~~29249% ~~511~~472.~~74353600~~17217720 2.~~25460640~~08247280 0.00000000 0.00000000 II-A-2 136,622,700.00 4.~~51088~~51649% ~~511~~472.~~74353596~~17217710 1.~~92367901~~77713477 0.00000000 0.00000000 II-X 0.00 0.77600% ~~511~~472.~~74353596~~17217710 0.~~33092751~~30533799 0.00000000 0.00000000 III-A 114,934,600.00 5.~~34235~~33673% ~~509~~459.~~56019606~~16825429 2.~~26854185~~04204565 0.00000000 0.00000000 R-I 50.00 4.~~73944~~74135% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~73944~~74135% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 100.00 4.~~73944~~74135% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 5.~~07769~~06921% ~~989~~937.~~66908280~~42179441 43.~~18769550~~95998537 0.00000000 0.00000000 B-2 4,123,600.00 5.~~07769~~06921% ~~989~~937.~~66908284~~42179406 43.~~18769522~~95998642 0.00000000 0.00000000 B-3 2,834,800.00 5.~~07769~~06921% ~~989~~937.~~66908424~~42179342 43.~~18769578~~95998660 0.00000000 0.00000000 B-4 1,030,900.00 5.~~07769~~06921% ~~989~~937.~~66908527~~42179649 43.~~18770007~~95998642 0.00000000 0.00000000 B-5 1,030,900.00 5.~~07769~~06921% ~~989~~937.~~66908527~~42179649 43.~~18770007~~95998642 0.00000000 0.00000000 B-6 1,031,044.46 5.~~07769~~06921% ~~989~~937.~~66900031~~42170924 43.~~18769526~~95998442 0.00000000 0.00000000 2) 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 I-A 0.~~00740667~~00085322 0.00000000 1.~~21531836~~04716929 0.00000000 ~~264~~237.~~26752008~~23207624 II-A-1 0.~~01365720~~00169520 0.00000000 2.~~24094920~~08077720 0.00000000 ~~472~~441.~~17217720~~67745160 II-A-2 0.~~01165268~~00144683 0.00000000 1.~~91202633~~77568793 0.00000000 ~~472~~441.~~17217710~~67745162 II-X 0.~~00200457~~00024857 0.00000000 0.~~32892287~~30508942 0.00000000 ~~472~~441.~~17217710~~67745162 III-A 0.~~01374173~~00166251 0.00000000 2.~~25480021~~04038314 0.00000000 ~~459~~429.~~16825429~~38210434 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 B-1 0.~~02536712~~00322350 0.00000000 43.~~16232838~~95676188 0.00000000 ~~937~~900.~~42179441~~61255671 B-2 0.~~02536618~~00322291 0.00000000 43.~~16232903~~95676108 0.00000000 ~~937~~900.~~42179406~~61255699 B-3 0.~~02536687~~00322421 0.00000000 43.~~16232891~~95676238 0.00000000 ~~937~~900.~~42179342~~61255821 B-4 0.~~02536618~~00322049 0.00000000 43.~~16233388~~95676593 0.00000000 ~~937~~900.~~42179649~~61255214 B-5 0.~~02536618~~00322049 0.00000000 43.~~16233388~~95676593 0.00000000 ~~937~~900.~~42179649~~61255214 B-6 0.~~02536263~~00322004 0.00000000 43.~~16233263~~95676439 0.00000000 ~~937~~900.~~42170924~~61248183 (6) Amount Does Not Include Excess Special Hazard, 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 2315,~~469~~893,~~952~~124.2985 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1319,~~593~~295.7515 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2315,~~483~~912,~~546~~420.0400 Withdrawals Reimbursement for Servicer Advances 1213,~~187~~593.0975 Payment of Service Fee 6054,~~777~~876.1118 Payment of Interest and Principal 2315,~~410~~843,~~581~~950.8407 Total Withdrawals (Pool Distribution Amount) 2315,~~483~~912,~~546~~420.0400 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~5,856~~708.9562 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~5,856~~708.9461

SERVICING FEES Gross Servicing Fee 5953,~~563~~703.3892 Special Servicing fee 1,~~213~~172.7326 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6054,~~777~~876.1118

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 2,~~156~~674,~~867~~373.2602 0.00 0.00 0.00 2,~~156~~674,~~867~~373.2602 60 Days 01 0 0 0 01 0422,456.0034 0.00 0.00 0.00 0422,456.0034 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 ~~323,204~~0.9900 0.00 ~~323,204~~0.9900 180+ Days 0 01 0 0 01 0.00 0323,204.0099 0.00 0.00 0323,204.0099 Totals 45 0 1 0 50 26 3,~~156~~096,~~867~~829.2636 ~~0.00~~ 323,204.99 0.00 20.00 3,~~480~~420,~~072~~034.2535 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~785855~~843882% 0.000000% 0.000000% 0.000000% 0.~~785855~~843882% 1.~~059043~~417470% 0.000000% 0.000000% 0.000000% 1.~~059043~~417470% 60 Days 0.~~000000~~210970% 0.000000% 0.000000% 0.000000% 0.~~000000~~210970% 0.~~000000~~223910% 0.000000% 0.000000% 0.000000% 0.~~000000~~223910% 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.~~196464~~000000% 0.000000% 0.~~196464~~000000% 0.000000% 0.000000% 0.~~158697~~000000% 0.000000% 0.~~158697~~000000% 180+ Days 0.000000% 0.~~000000~~210970% 0.000000% 0.000000% 0.~~000000~~210970% 0.000000% 0.~~000000~~171305% 0.000000% 0.000000% 0.~~000000~~171305% Totals 01.~~785855~~054852% 0.~~000000~~210970% 0.~~196464~~000000% 0.000000% 01.~~982318~~265823% 1.~~059043~~641380% 0.~~000000~~171305% 0.~~158697~~000000% 0.000000% 1.~~217740~~812685%

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 12 0 0 0 12 ~~580~~1,~~940~~521,512.6316 0.00 0.00 0.00 ~~580~~1,~~940~~521,512.6316 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 12 0 0 0 12 ~~580~~1,~~940~~521,512.6316 0.00 0.00 0.00 ~~580~~1,~~940~~521,512.6316 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~746269~~639344% 0.000000% 0.000000% 0.000000% 01.~~746269~~639344% 02.~~884856~~565634% 0.000000% 0.000000% 0.000000% 02.~~884856~~565634% 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 01.~~746269~~639344% 0.000000% 0.000000% 0.000000% 01.~~746269~~639344% 02.~~884856~~565634% 0.000000% 0.000000% 0.000000% 02.~~884856~~565634% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 32 0 0 0 32 1,~~575~~152,~~926~~860.6386 0.00 0.00 0.00 1,~~575~~152,~~926~~860.6386 60 Days 01 0 0 0 01 0422,456.0034 0.00 0.00 0.00 0422,456.0034 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 ~~323,204~~0.9900 0.00 ~~323,204~~0.9900 180 Days 0 01 0 0 01 0.00 0323,204.0099 0.00 0.00 0323,204.0099 Totals 3 0 1 0 0 4 1,575,~~926~~317.6320 ~~0.00~~ 323,204.99 0.00 0.00 1,~~899~~898,~~131~~522.6219 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~428571~~015228% 0.000000% 0.000000% 0.000000% 1.~~428571~~015228% 1.~~932389~~507868% 0.000000% 0.000000% 0.000000% 1.~~932389~~507868% 60 Days 0.~~000000~~507614% 0.000000% 0.000000% 0.000000% 0.~~000000~~507614% 0.~~000000~~552546% 0.000000% 0.000000% 0.000000% 0.~~000000~~552546% 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.~~476190~~000000% 0.000000% 0.~~476190~~000000% 0.000000% 0.000000% 0.~~396311~~000000% 0.000000% 0.~~396311~~000000% 180 Days 0.000000% 0.~~000000~~507614% 0.000000% 0.000000% 0.~~000000~~507614% 0.000000% 0.~~000000~~422731% 0.000000% 0.000000% 0.~~000000~~422731% Totals 1.~~428571~~522843% 0.~~000000~~507614% 0.~~476190~~000000% 0.000000% 12.~~904762~~030457% 12.~~932389~~060414% 0.~~000000~~422731% 0.~~396311~~000000% 0.000000% 2.~~328701~~483146% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 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 1319,~~593~~295.7515

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 293,309,544.46 56.90421238% ~~144~~135,~~791~~823,~~793~~064.2618 7172.~~15257442~~04681617% 2827.~~847426~~953184% 0.000000% Class 2A1 268,309,544.46 52.05402821% ~~132~~124,~~987~~781,~~488~~127.8389 6566.~~35178536~~18966401% 5.~~800789~~857152% 7573.~~168787~~187923% Class 2A2 131,686,844.46 25.54821794% 6864,~~478~~437,~~051~~961.1392 3334.~~65100686~~18086630% 3132.~~700778~~008798% ~~410~~399.~~790504~~965268% Class 3A 16,752,244.46 3.25005884% 15,~~703~~087,~~731~~101.4951 78.~~71701834~~00289432% 2526.~~933989~~177972% ~~336~~327.~~062290~~106306% Class B-1 10,051,444.46 1.95005427% 9,~~422~~052,~~255~~276.5389 4.~~63021918~~80174507% 3.~~086799~~201149% 39.999894% Class B-2 5,927,844.46 1.15004549% 5,~~556~~338,~~703~~510.0295 2.~~73063629~~83179237% 1.~~899583~~969953% 24.615503% Class B-3 3,093,044.46 0.60007341% 2,~~899~~785,~~299~~454.7247 1.~~42475367~~47753349% 1.~~305883~~354259% 16.922114% Class B-4 2,062,144.46 0.40007122% 1,~~932~~857,~~911~~012.5999 0.~~94985795~~98504532% 0.~~474896~~492488% 6.153876% Class B-5 1,031,244.46 0.20006902% ~~966~~928,~~523~~571.4651 0.~~47496223~~49255715% 0.~~474896~~492488% 6.153876% Class B-6 200.00 0.00003880% 0.00 0.00000000% 0.~~474962~~492557% 6.154738% Class R-I 150.00 0.00002910% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 100.00 0.00001940% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~461714~~460541% Weighted Average Net Coupon 5.~~145371~~143851% Weighted Average Pass-Through Rate 5.~~135203~~132809% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count ~~556~~509 Number Of Loans Paid In Full 4735 Ending Scheduled Collateral Loan Count ~~509~~474 Beginning Scheduled Collateral Balance ~~225~~203,~~944~~494,~~352~~805.9798 Ending Scheduled Collateral Balance ~~203~~188,~~494~~520,~~805~~563.9899 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 ~~203~~188,~~661~~672,~~926~~331.8419 Monthly P &I Constant 1,~~240~~117,~~029~~894.3462 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2215,~~471~~161,~~037~~690.4285 Ending Scheduled Balance for Premium Loans ~~203~~188,~~494~~520,~~805~~563.9899 Scheduled Principal ~~211~~191,~~659~~723.7305 Unscheduled Principal 2214,~~237~~782,~~887~~518.2694

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 9089.~~243660~~516465% Senior Percentage Group 2 93.~~898724~~654811% Senior Percentage Group 3 93.~~841516~~517016% Senior Prep. Percentage Group 1 9594.~~121830~~758233% Senior Prep. Percentage Group 2 96.~~949362~~827405% Senior Prep. Percentage Group 3 96.~~920758~~758508% Subordinate Percentage Group 1 910.~~756340~~483535% Subordinate Percentage Group 2 6.~~101276~~345189% Subordinate Percentage Group 3 6.~~158484~~482984% Subordinate Prep. Percentage Group 1 05.~~000000~~241767% Subordinate Prep. Percentage Group 2 03.~~000000~~172595% Subordinate Prep. Percentage Group 3 03.~~000000~~241492%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~139764~~115831 5.~~563416~~570916 5.~~707403~~701739 Weighted Average Net Rate 4.~~786785~~758916 5.~~306514~~313098 5.~~351455~~346787 Weighted Average Maturity ~~346~~345 ~~348~~ 347 346 Beginning Loan Count ~~152~~134 ~~226~~210 ~~178~~165 Loans Paid In Full 1812 16 13 10 Ending Loan Count ~~134~~122 ~~210~~197 ~~165~~155 Beginning Scheduled Balance 7565,~~451~~577,~~176~~893.8098 8881,~~083~~484,~~594~~059.8166 6256,~~409~~432,~~581~~852.3634 Ending scheduled Balance 6559,~~577~~235,~~893~~410.9863 8176,~~484~~391,~~059~~370.6617 5652,~~432~~893,~~852~~783.3419 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant ~~420~~365,~~678~~652.2990 ~~492~~456,~~857~~608.3015 ~~326~~295,~~493~~633.7557 Scheduled Principal 9786,~~510~~081.5971 8478,~~485~~145.9058 2927,~~663~~495.2476 Unscheduled Principal 96,~~775~~256,~~772~~401.2364 65,~~515~~014,~~049~~543.2591 53,~~947~~511,~~065~~573.7839 Scheduled Interest ~~323~~279,~~167~~571.7019 ~~408~~378,~~371~~284.4007 ~~296~~268,~~830~~137.5181 Servicing Fees 2219,~~193~~504.9076 1817,~~857~~506.3472 1816,~~512~~692.1444 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 1,~~441~~399.0626 473.3719 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 ~~300~~260,~~973~~066.8043 ~~388~~359,~~073~~378.0009 ~~277~~250,~~845~~972.0018 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~786785~~758916 5.~~286882~~292492 5.~~342353~~336725

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~461714~~460541 Weighted Average Net Rate 5.~~145371~~143851 Weighted Average Maturity ~~347~~346 Beginning Loan Count ~~556~~509 Loans Paid In Full 4735 Ending Loan Count ~~509~~474 Beginning Scheduled Balance ~~225~~203,~~944~~494,~~352~~805.9798 Ending scheduled Balance ~~203~~188,~~494~~520,~~805~~563.9899 Record Date 0910/3031/2003 Principal And Interest Constant 1,~~240~~117,~~029~~894.3462 Scheduled Principal ~~211~~191,~~659~~723.7305 Unscheduled Principal 2214,~~237~~782,~~887~~518.2694 Scheduled Interest 1925,~~028,369~~993.6107 Servicing Fees 5953,~~563~~703.3892 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,~~914~~872.4345 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest ~~966~~870,~~891~~416.8070 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.000000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.~~135203~~132809

Filing Compare · STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-10