8-K 1 bst01008.txt NOVEMBER 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 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 November 25, 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 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 2001-8 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator 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 2001-8 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: 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.~~69895~~71031% 32,~~420~~648,~~156~~147.3846 1814,~~713~~768.4053 ~~772~~435,~~008~~837.9229 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.~~88138~~88143% 7,~~635~~626,~~506~~767.4798 3637,~~678~~279.9699 8657,~~738~~852.4999 III-A 07384MFZ0 SEN 5.~~69860~~68172% 12,~~411~~046,~~808~~822.0240 5756,~~770~~885.1695 ~~364~~4,~~985~~320,889.6263 IV-A 07384MGA4 SEN 6.~~52378~~54618% 87,~~698~~880,~~382~~742.9914 4642,~~348~~875.7636 ~~817~~494,~~640~~192.8603 V-A 07384MGB2 SEN 6.~~54542~~52617% 96,~~733~~999,~~577~~492.1359 5237,~~036~~964.7046 21,~~734~~563,~~084~~395.5575 VI-A 07384MGC0 SEN 6.~~61023~~61314% 2116,~~783~~152,~~182~~027.5595 ~~117~~88,~~608~~774.26 51,~~631~~342,~~154~~567.6097 VII-A 07384MGD8 SEN 6.~~76041~~78986% 65,~~286~~570,~~297~~618.0355 3431,~~711~~435.0622 ~~715~~3,~~678~~064.4820 B-1 07384MGE6 SUB 6.~~26095~~23931% 4,~~472~~182,~~962~~479.4627 2221,~~873~~688.6717 ~~290~~349,~~483~~215.1971 B-2 07384MGF3 SUB 6.~~26095~~23931% 2,~~981~~788,~~883~~233.4089 1514,~~248~~458.6434 ~~193~~232,~~649~~803.5132 B-3 07384MGG1 SUB 6.~~26095~~23931% 1,~~822~~704,~~381~~032.1202 98,~~319~~836.2223 ~~118~~142,~~349~~277.1099 B-4 07384MGH9 SUB 6.~~26095~~23931% ~~828~~774,~~365~~569.0535 4,~~236~~016.0652 5364,~~795~~672.6959 B-5 07384MGJ5 SUB 6.~~26095~~23931% ~~828~~774,~~255~~466.1660 4,~~235~~015.5098 5364,~~788~~664.5602 B-6 07384MGK2 SUB 6.~~26095~~23931% ~~515~~482,~~976~~467.2874 2,~~638~~501.5883 3340,~~508~~283.5460 Totals 8169,~~418~~630,~~734~~867.0494 ~~422~~365,~~418~~500.9784 119,~~787~~711,~~866~~717.1109

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 2,~~648~~212,~~147~~310.4617 ~~790~~450,~~722~~605.3282 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 76,~~626~~968,~~767~~914.9899 45695,~~417~~132.4598 0.00 III-A 0.00 127,~~046~~725,~~822~~932.4077 ~~422~~4,~~755~~377,775.7858 0.00 IV-A 0.00 7,~~880~~386,~~742~~550.1410 ~~863~~537,~~989~~067.6239 0.00 V-A 0.00 65,~~999~~436,~~492~~096.5984 21,~~786~~601,~~121~~360.2521 0.00 VI-A 0.00 1614,~~152~~809,~~027~~459.9598 51,~~748~~431,~~762~~342.8623 0.00 VII-A 0.00 5,~~570~~567,~~618~~554.5534 ~~750~~34,~~389~~499.5442 0.00 B-1 0.00 43,~~182~~833,~~479~~263.2756 ~~313~~370,~~356~~903.8688 0.00 B-2 0.00 2,~~788~~555,~~233~~430.8957 ~~208~~247,~~898~~261.1566 0.00 B-3 0.00 1,~~704~~561,~~032~~754.0203 ~~127~~151,~~668~~114.3222 0.00 B-4 0.00 ~~774~~709,~~569~~896.3576 5868,~~031~~689.7511 0.00 B-5 0.00 ~~774~~709,~~466~~802.6059 5868,~~024~~680.0600 0.00 B-6 0.00 ~~482~~442,~~467~~184.7415 3642,~~147~~785.1243 154,827.12 Totals 0.00 6959,~~630~~919,~~867~~150.9485 1210,~~210~~077,~~285~~217.0893 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 32,~~420~~648,~~156~~147.3846 32,~~275~~569.4339 ~~768~~433,~~733~~267.4990 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,~~635~~626,~~506~~767.4798 8,~~643~~688.7187 94649,164.7811 0.00 0.00 III-A 168,187,400.00 12,~~411~~046,~~808~~822.0240 15,~~800~~516.7045 ~~349~~4,~~184~~305,373.9318 0.00 0.00 IV-A 63,044,700.00 87,~~698~~880,~~382~~742.9914 43,~~084~~803.0248 ~~813~~490,~~556~~388.8355 0.00 0.00 V-A 79,630,600.00 96,~~733~~999,~~577~~492.1359 97,~~861~~160.67 21,~~724~~556,~~222~~235.8808 0.00 0.00 VI-A 138,372,800.00 2116,~~783~~152,~~182~~027.5595 108,~~795~~141.9831 51,~~620~~334,~~358~~426.6267 0.00 0.00 VII-A 52,139,400.00 65,~~286~~570,~~297~~618.0355 21,~~264~~601.3256 ~~713~~1,~~414~~462.1664 0.00 0.00 B-1 8,141,200.00 4,~~472~~182,~~962~~479.4627 3,~~884~~700.6310 ~~286~~345,~~598~~515.5661 0.00 0.00 B-2 5,427,300.00 2,~~981~~788,~~883~~233.4089 2,~~589~~466.6766 ~~191~~230,~~059~~336.8467 0.00 0.00 B-3 3,316,900.00 1,~~822~~704,~~381~~032.1202 1,~~582~~507.6850 ~~116~~140,~~766~~770.4249 0.00 0.00 B-4 1,507,700.00 ~~828~~774,~~365~~569.0535 ~~719~~685.4124 5363,~~076~~987.2836 0.00 0.00 B-5 1,507,500.00 ~~828~~774,~~255~~466.1660 ~~719~~685.3114 5363,~~069~~978.2487 0.00 0.00 B-6 1,206,450.00 ~~515~~482,~~976~~467.2874 ~~448~~426.1182 3339,~~060~~856.4378 0.00 0.00 Totals 603,046,950.00 8169,~~418~~630,~~734~~867.0494 6456,~~669~~953.6419 119,~~723~~654,~~196~~763.4691 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 ~~772~~435,~~008~~837.9229 2,~~648~~212,~~147~~310.4617 0.~~08037354~~06714551 ~~772~~435,~~008~~837.9229 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A 8657,~~738~~852.4999 76,~~626~~968,~~767~~914.9899 0.~~16016935~~14635382 8657,~~738~~852.4999 III-A ~~364~~4,~~985~~320,889.6263 127,~~046~~725,~~822~~932.4077 0.~~07162738~~04593645 ~~364~~4,~~985~~320,889.6263 IV-A ~~817~~494,~~640~~192.8603 7,~~880~~386,~~742~~550.1410 0.~~12500245~~11716370 ~~817~~494,~~640~~192.8603 V-A 21,~~734~~563,~~084~~395.5575 65,~~999~~436,~~492~~096.5984 0.~~08789953~~06826643 21,~~734~~563,~~084~~395.5575 VI-A 51,~~631~~342,~~154~~567.6097 1614,~~152~~809,~~027~~459.9598 0.~~11672835~~10702580 51,~~631~~342,~~154~~567.6097 VII-A ~~715~~3,~~678~~064.4820 5,~~570~~567,~~618~~554.5534 0.~~10684086~~10678209 ~~715~~3,~~678~~064.4820 B-1 ~~290~~349,~~483~~215.1971 43,~~182~~833,~~479~~263.2756 0.~~51374236~~47084749 ~~290~~349,~~483~~215.1971 B-2 ~~193~~232,~~649~~803.5132 2,~~788~~555,~~233~~430.8957 0.~~51374236~~47084749 ~~193~~232,~~649~~803.5132 B-3 ~~118~~142,~~349~~277.1099 1,~~704~~561,~~032~~754.0203 0.~~51374236~~47084749 ~~118~~142,~~349~~277.1099 B-4 5364,~~795~~672.6959 ~~774~~709,~~569~~896.3576 0.~~51374236~~47084749 5364,~~795~~672.6959 B-5 5364,~~788~~664.5602 ~~774~~709,~~466~~802.6059 0.~~51374235~~47084749 5364,~~788~~664.5602 B-6 3340,~~508~~283.5460 ~~482~~442,~~467~~184.7415 0.~~39990695~~36651676 3340,~~508~~283.5460 Totals 119,~~787~~711,~~866~~717.1109 6959,~~630~~919,~~867~~150.9485 0.~~11546509~~09936067 119,~~787~~711,~~866~~717.1109

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 ~~103~~80.~~80467342~~37354194 0.~~09941210~~07798319 2313.~~33171938~~15005160 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.~~35286778~~16935122 0.~~18152610~~18247450 013.~~00199047~~63306116 0.00000000 III-A 168,187,400.00 7371.~~79749030~~62737756 0.~~09394699~~09225691 225.~~07616581~~59866661 0.00000000 IV-A 63,044,700.00 ~~137~~125.~~97167708~~00245286 0.~~06477975~~06032989 127.~~90444447~~77842626 0.00000000 V-A 79,630,600.00 ~~122~~87.~~23413022~~89953347 0.~~12384272~~08992360 3419.~~21075416~~54317913 0.00000000 VI-A 138,372,800.00 ~~157~~116.~~42387630~~72834509 0.~~07802097~~05883606 409.~~61751023~~64370649 0.00000000 VII-A 52,139,400.00 ~~120~~106.~~56711489~~84086411 0.~~04342819~~03071689 130.~~68282259~~02805249 0.00000000 B-1 8,141,200.00 ~~549~~513.~~42299170~~74235616 0.~~47715693~~45449074 3542.~~20347860~~44037857 0.00000000 B-2 5,427,300.00 ~~549~~513.~~42299117~~74235624 0.~~47715623~~45449118 3542.~~20347871~~44037919 0.00000000 B-3 3,316,900.00 ~~549~~513.~~42299135~~74235581 0.~~47715638~~45449064 3542.~~20347915~~44037806 0.00000000 B-4 1,507,700.00 ~~549~~513.~~42299529~~74235591 0.~~47715726~~45449360 3542.~~20347549~~44037939 0.00000000 B-5 1,507,500.00 ~~549~~513.~~42299171~~74235489 0.~~47715423~~45448756 3542.~~20347595~~44037811 0.00000000 B-6 1,206,450.00 ~~427~~399.~~68144556~~90695014 0.~~37142857~~35378176 2733.~~40306685~~03641262 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 2313.~~43113148~~22803478 8067.~~37354194~~14550716 0.~~08037354~~06714551 2313.~~43113148~~22803478 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 013.~~18351657~~81553587 ~~160~~146.~~16935122~~35381535 0.~~16016935~~14635382 013.~~18351657~~81553587 III-A 0.00000000 225.~~17011274~~69092352 7145.~~62737756~~93645404 0.~~07162738~~04593645 225.~~17011274~~69092352 IV-A 0.00000000 127.~~96922438~~83875615 ~~125~~117.~~00245286~~16369655 0.~~12500245~~11716370 127.~~96922438~~83875615 V-A 0.00000000 3419.~~33459688~~63310273 8768.~~89953347~~26643074 0.~~08789953~~06826643 3419.~~33459688~~63310273 VI-A 0.00000000 409.~~69553120~~70254248 ~~116~~107.~~72834509~~02580261 0.~~11672835~~10702580 409.~~69553120~~70254248 VII-A 0.00000000 130.~~72625078~~05876938 106.~~84086411~~78209454 0.~~10684086~~10678209 130.~~72625078~~05876938 B-1 0.00000000 3542.~~68063553~~89486931 ~~513~~470.~~74235616~~84748686 0.~~51374236~~47084749 3542.~~68063553~~89486931 B-2 0.00000000 3542.~~68063494~~89486853 ~~513~~470.~~74235624~~84748770 0.~~51374236~~47084749 3542.~~68063494~~89486853 B-3 0.00000000 3542.~~68063553~~89486870 ~~513~~470.~~74235581~~84748711 0.~~51374236~~47084749 3542.~~68063553~~89486870 B-4 0.00000000 3542.~~68063275~~89486635 ~~513~~470.~~74235591~~84748955 0.~~51374236~~47084749 3542.~~68063275~~89486635 B-5 0.00000000 3542.~~68063682~~89487231 ~~513~~470.~~74235489~~84748922 0.~~51374235~~47084749 3542.~~68063682~~89487231 B-6 0.00000000 2733.~~77449542~~39019437 ~~399~~366.~~90695014~~51676406 0.~~39990695~~36651676 2733.~~77449542~~39019437 (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 32,948,000.00 6.~~69895~~71031% 32,~~420~~648,~~156~~147.3846 1914,~~092~~808.8824 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.~~88138~~88143% 7,~~635~~626,~~506~~767.4798 37,~~422~~380.7624 0.00 0.00 III-A 168,187,400.00 5.~~69860~~68172% 12,~~411~~046,~~808~~822.0240 5857,~~941~~038.6593 0.00 0.00 IV-A 63,044,700.00 6.~~52378~~54618% 87,~~698~~880,~~382~~742.9914 4742,~~288~~990.6566 0.00 0.00 V-A 79,630,600.00 6.~~54542~~52617% 96,~~733~~999,~~577~~492.1359 5338,~~091~~066.9355 0.00 0.00 VI-A 138,372,800.00 6.~~61023~~61314% 2116,~~783~~152,~~182~~027.5595 ~~119~~89,~~993~~012.1998 0.00 0.00 VII-A 52,139,400.00 6.~~76041~~78986% 65,~~286~~570,~~297~~618.0355 3531,~~414~~519.9575 0.00 0.00 B-1 8,141,200.00 6.~~26095~~23931% 4,~~472~~182,~~962~~479.4627 2321,~~337~~746.5149 0.00 0.00 B-2 5,427,300.00 6.~~26095~~23931% 2,~~981~~788,~~883~~233.4089 1514,~~557~~497.8622 0.00 0.00 B-3 3,316,900.00 6.~~26095~~23931% 1,~~822~~704,~~381~~032.1202 98,~~508~~859.2099 0.00 0.00 B-4 1,507,700.00 6.~~26095~~23931% ~~828~~774,~~365~~569.0535 4,~~321~~027.9632 0.00 0.00 B-5 1,507,500.00 6.~~26095~~23931% ~~828~~774,~~255~~466.1660 4,~~321~~026.3978 0.00 0.00 B-6 1,206,450.00 6.~~26095~~23931% ~~515~~482,~~976~~467.2874 2,~~692~~508.0956 0.00 0.00 Totals 603,046,950.00 ~~430~~366,~~985~~483.0271 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 ~~379~~39.4871 0.00 1814,~~713~~768.4053 0.00 2,~~648~~212,~~147~~310.4617 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 ~~743~~100.8025 0.00 3637,~~678~~279.9699 0.00 76,~~626~~968,~~767~~914.9899 III-A ~~1,171~~152.4997 0.00 5756,~~770~~885.1695 0.00 127,~~046~~725,~~822~~932.4077 IV-A ~~939~~115.8930 0.00 4642,~~348~~875.7636 0.00 7,~~880~~386,~~742~~550.1410 V-A ~~1,055~~102.2309 0.00 5237,~~036~~964.7046 0.00 65,~~999~~436,~~492~~096.5984 VI-A ~~2,384~~238.9272 0.00 ~~117~~88,~~608~~774.26 0.00 1614,~~152~~809,~~027~~459.9598 VII-A ~~703~~84.8953 0.00 3431,~~711~~435.0622 0.00 5,~~570~~567,~~618~~554.5534 B-1 ~~463~~58.8432 0.00 2221,~~873~~688.6717 0.00 43,~~182~~833,~~479~~263.2756 B-2 ~~309~~38.2288 0.00 1514,~~248~~458.6434 0.00 2,~~788~~555,~~233~~430.8957 B-3 ~~188~~23.9876 0.00 98,~~319~~836.2223 0.00 1,~~704~~561,~~032~~754.0203 B-4 8510.9080 0.00 4,~~236~~016.0652 0.00 ~~774~~709,~~569~~896.3576 B-5 8510.8980 0.00 4,~~235~~015.5098 0.00 ~~774~~709,~~466~~802.6059 B-6 536.5173 0.00 2,~~638~~501.5883 0.00 ~~482~~442,~~467~~184.7415 Totals ~~8,566~~982.0486 0.00 ~~422~~365,~~418~~500.9784 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 32,948,000.00 6.~~69895~~71031% ~~103~~80.~~80467342~~37354194 0.~~57948525~~44944276 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.~~88138~~88143% 160.~~35286778~~16935122 0.~~78591340~~78502044 0.00000000 0.00000000 III-A 168,187,400.00 5.~~69860~~68172% 7371.~~79749030~~62737756 0.~~35045223~~33913914 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~52378~~54618% ~~137~~125.~~97167708~~00245286 0.~~75008129~~68190760 0.00000000 0.00000000 V-A 79,630,600.00 6.~~54542~~52617% ~~122~~87.~~23413022~~89953347 0.~~66672774~~47803922 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~61023~~61314% ~~157~~116.~~42387630~~72834509 0.~~86717325~~64328380 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~76041~~78986% ~~120~~106.~~56711489~~84086411 0.~~67923586~~60452844 0.00000000 0.00000000 B-1 8,141,200.00 6.~~26095~~23931% ~~549~~513.~~42299170~~74235616 2.~~86659338~~67116518 0.00000000 0.00000000 B-2 5,427,300.00 6.~~26095~~23931% ~~549~~513.~~42299117~~74235624 2.~~86659297~~67116614 0.00000000 0.00000000 B-3 3,316,900.00 6.~~26095~~23931% ~~549~~513.~~42299135~~74235581 2.~~86659230~~67116585 0.00000000 0.00000000 B-4 1,507,700.00 6.~~26095~~23931% ~~549~~513.~~42299529~~74235591 2.~~86659150~~67116800 0.00000000 0.00000000 B-5 1,507,500.00 6.~~26095~~23931% ~~549~~513.~~42299171~~74235489 2.~~86659370~~67116418 0.00000000 0.00000000 B-6 1,206,450.00 6.~~26095~~23931% ~~427~~399.~~68144556~~90695014 2.~~23141448~~07929048 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.~~01151754~~00120523 0.00000000 0.~~56796771~~44823753 0.00000000 8067.~~37354194~~14550716 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.~~01562050~~00210534 0.00000000 0.~~77029290~~78291510 0.00000000 ~~160~~146.~~16935122~~35381535 III-A 0.~~00696539~~00090952 0.00000000 0.~~34348685~~33822956 0.00000000 7145.~~62737756~~93645404 IV-A 0.~~01490831~~00182886 0.00000000 0.~~73517298~~68007874 0.00000000 ~~125~~117.~~00245286~~16369655 V-A 0.~~01325156~~00128204 0.00000000 0.~~65347618~~47675718 0.00000000 8768.~~89953347~~26643074 VI-A 0.~~01723547~~00172519 0.00000000 0.~~84993770~~64155860 0.00000000 ~~116~~107.~~72834509~~02580261 VII-A 0.~~01350016~~00162123 0.00000000 0.~~66573570~~60290721 0.00000000 106.~~84086411~~78209454 B-1 0.~~05697440~~00716356 0.00000000 2.~~80961898~~66400162 0.00000000 ~~513~~470.~~74235616~~84748686 B-2 0.~~05697492~~00716378 0.00000000 2.~~80961804~~66400236 0.00000000 ~~513~~470.~~74235624~~84748770 B-3 0.~~05697489~~00716332 0.00000000 2.~~80961741~~66400253 0.00000000 ~~513~~470.~~74235581~~84748711 B-4 0.~~05697420~~00716323 0.00000000 2.~~80961730~~66400478 0.00000000 ~~513~~470.~~74235591~~84748955 B-5 0.~~05697512~~00716418 0.00000000 2.~~80961857~~66400000 0.00000000 ~~513~~470.~~74235489~~84748922 B-6 0.~~04435327~~00557835 0.00000000 2.~~18706121~~07371213 0.00000000 ~~399~~366.~~90695014~~51676406 (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 1210,~~243~~100,~~522~~773.4221 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1511,~~651~~794.8628 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1210,~~259~~112,~~174~~567.2849 Withdrawals Reimbursement for Servicer Advances 2515,~~949~~651.1486 Payment of Service Fee 2219,~~940~~697.0670 Payment of Interest and Principal 1210,~~210~~077,~~285~~217.0893 Total Withdrawals (Pool Distribution Amount) 1210,~~259~~112,~~174~~567.2849 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0982.0086 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~8,566~~982.0186

SERVICING FEES Gross Servicing Fee 2219,~~940~~697.0670 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2219,~~940~~697.0670

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 1 155,957.76 0.00 0.00 155,957.76 30 Days 42 1 0 0 53 1193,~~093,331~~599.9199 ~~175~~176,~~274~~400.5900 0.00 0.00 1369,~~268,606~~999.5099 60 Days 1 0 0 0 1 ~~339~~338,~~533~~734.9748 0.00 0.00 0.00 ~~339~~338,~~533~~734.9748 90 Days 1 0 0 0 1 ~~385~~339,~~816~~533.1497 0.00 0.00 0.00 ~~385~~339,~~816~~533.1497 120 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 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 65 2 1 0 98 1,~~818~~257,~~682~~684.0258 ~~331~~332,~~232~~357.3576 468,000.00 0.00 2,~~617~~058,~~914~~042.3734 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.~~507614~~571429% 0.000000% 0.000000% 0.~~507614~~571429% 0.~~223805~~260091% 0.000000% 0.000000% 0.~~223805~~260091% 30 Days 21.~~030457~~142857% 0.~~507614~~571429% 0.000000% 0.000000% 21.~~538071~~714286% 10.~~568972~~322867% 0.~~251526~~294183% 0.000000% 0.000000% 10.~~820498~~617050% 60 Days 0.~~507614~~571429% 0.000000% 0.000000% 0.000000% 0.~~507614~~571429% 0.~~487244~~564908% 0.000000% 0.000000% 0.000000% 0.~~487244~~564908% 90 Days 0.~~507614~~571429% 0.000000% 0.000000% 0.000000% 0.~~507614~~571429% 0.~~553661~~566242% 0.000000% 0.000000% 0.000000% 0.~~553661~~566242% 120 Days 0.~~000000~~571429% 0.000000% 0.000000% 0.000000% 0.~~000000~~571429% 0.~~000000~~643427% 0.000000% 0.000000% 0.000000% 0.~~000000~~643427% 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.~~507614~~571429% 0.000000% 0.~~507614~~571429% 0.000000% 0.000000% 0.~~671598~~780485% 0.000000% 0.~~671598~~780485% Totals 32.~~045685~~857143% 1.~~015228~~142857% 0.~~507614~~571429% 0.000000% 4.~~568528~~571429% 2.~~609877~~097444% 0.~~475331~~554274% 0.~~671598~~780485% 0.000000% 3.~~756805~~432203%

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 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 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 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 10 0 0 0 10 ~~385,816~~0.1400 0.00 0.00 0.00 ~~385,816~~0.1400 120 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 385,816.14 0.00 0.00 0.00 385,816.14 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 40.~~545455~~000000% 0.000000% 0.000000% 0.000000% 40.~~545455~~000000% 40.~~476299~~000000% 0.000000% 0.000000% 0.000000% 40.~~476299~~000000% 120 Days 05.000000% 0.000000% 0.000000% 0.000000% 05.000000% 04.~~000000~~870547% 0.000000% 0.000000% 0.000000% 04.~~000000~~870547% 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 45.~~545455~~000000% 0.000000% 0.000000% 0.000000% 45.~~545455~~000000% 4.~~476299~~870547% 0.000000% 0.000000% 0.000000% 4.~~476299~~870547% 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 1 155,957.76 0.00 0.00 155,957.76 30 Days 01 1 0 0 12 079,999.0099 ~~175~~176,~~274~~400.5900 0.00 0.00 ~~175~~256,~~274~~399.5999 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 2 0 0 23 079,999.0099 ~~331~~332,~~232~~357.3576 0.00 0.00 ~~331~~412,~~232~~357.3575 0-29 Days 2.~~857143~~941176% 0.000000% 0.000000% 2.~~857143~~941176% 1.~~722423~~829348% 0.000000% 0.000000% 1.~~722423~~829348% 30 Days 02.~~000000~~941176% 2.~~857143~~941176% 0.000000% 0.000000% 25.~~857143~~882353% 0.~~000000~~938381% 12.~~935761~~069131% 0.000000% 0.000000% 13.~~935761~~007512% 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 02.~~000000~~941176% 5.~~714286~~882353% 0.000000% 0.000000% 58.~~714286~~823529% 0.~~000000~~938381% 3.~~658184~~898479% 0.000000% 0.000000% 34.~~658184~~836861% 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 10 0 0 0 10 ~~308,617~~0.3100 0.00 0.00 0.00 ~~308,617~~0.3100 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 ~~308,617~~0.3100 0.00 0.00 0.00 ~~308,617~~0.3100 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.~~685633~~000000% 0.000000% 0.000000% 0.000000% 30.~~685633~~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 40.~~545455~~000000% 0.000000% 0.000000% 0.000000% 40.~~545455~~000000% 30.~~685633~~000000% 0.000000% 0.000000% 0.000000% 30.~~685633~~000000% 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 ~~784~~113,~~714~~600.6000 0.00 0.00 0.00 ~~784~~113,~~714~~600.6000 60 Days 1 0 0 0 1 ~~339~~338,~~533~~734.9748 0.00 0.00 0.00 ~~339~~338,~~533~~734.9748 90 Days 01 0 0 0 01 0339,533.0097 0.00 0.00 0.00 0339,533.0097 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 43 0 1 0 54 1791,~~124,248~~868.5745 0.00 468,000.00 0.00 1,~~592~~259,~~248~~868.5745 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 51.~~454545~~960784% 0.000000% 0.000000% 0.000000% 51.~~454545~~960784% 40.~~214603~~661226% 0.000000% 0.000000% 0.000000% 40.~~214603~~661226% 60 Days 1.~~818182~~960784% 0.000000% 0.000000% 0.000000% 1.~~818182~~960784% 1.~~823594~~971656% 0.000000% 0.000000% 0.000000% 1.~~823594~~971656% 90 Days 01.~~000000~~960784% 0.000000% 0.000000% 0.000000% 01.~~000000~~960784% 01.~~000000~~976309% 0.000000% 0.000000% 0.000000% 01.~~000000~~976309% 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.~~818182~~960784% 0.000000% 1.~~818182~~960784% 0.000000% 0.000000% 2.~~513569~~724065% 0.000000% 2.~~513569~~724065% Totals 75.~~272727~~882353% 0.000000% 1.~~818182~~960784% 0.000000% 97.~~090909~~843137% 64.~~038197~~609191% 0.000000% 2.~~513569~~724065% 0.000000% 87.~~551766~~333256% 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 1511,~~651~~794.8628

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% 6657,~~982~~706,~~720~~840.4868 96.~~19687713~~30784128% 3.~~803123~~692159% 9493.~~093679~~304593% Class R-I 570,098,900.00 94.53640384% 6657,~~982~~706,~~720~~840.4868 96.~~19687713~~30784128% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% 6657,~~982~~706,~~720~~840.4868 96.~~19687713~~30784128% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% 5950,~~355~~737,~~952~~925.5069 8584.~~24373494~~67731099% 1011.~~953142~~630530% 4.~~207462~~755213% Class 3A 354,294,550.00 58.75074072% 4743,~~309~~011,~~130~~992.1092 6771.~~94275513~~78338198% 1712.~~300980~~893929% 65.~~645876~~271761% Class B-1 12,965,850.00 2.15005648% 65,~~523~~979,~~769~~068.6010 9.~~36907695~~97855947% 6.~~006645~~397393% 2.~~307350~~615613% Class B-2 7,538,550.00 1.25007680% 3,~~735~~423,~~535~~637.7153 5.~~36476971~~71376176% 4.~~004307~~264798% 1.~~538186~~743688% Class B-3 4,221,650.00 0.70005329% 21,~~031~~861,~~503~~883.6950 23.~~91753320~~10732625% 2.~~447237~~606436% 01.~~940064~~065657% Class B-4 2,713,950.00 0.45003959% 1,~~256~~151,~~934~~986.3474 1.~~80513956~~92256853% 1.~~112394~~184758% 0.~~427307~~484395% Class B-5 1,206,450.00 0.20005905% ~~482~~442,~~467~~184.7415 0.~~69289347~~73796798% 1.~~112246~~184601% 0.~~427250~~484331% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~692893~~737968% 0.~~266163~~301723% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~690230~~655348% Weighted Average Net Coupon 6.~~352125~~315883% Weighted Average Pass-Through Rate 6.~~352126~~315883% Weighted Average Maturity(Stepdown Calculation ) ~~333~~332 Beginning Scheduled Collateral Loan Count ~~226~~197 Number Of Loans Paid In Full 2922 Ending Scheduled Collateral Loan Count ~~197~~175 Beginning Scheduled Collateral Balance 8169,~~418~~630,~~734~~867.0694 Ending Scheduled Collateral Balance 6959,~~630~~919,~~867~~150.9483 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 6959,~~684~~962,~~592~~716.5736 Monthly P &I Constant ~~518~~443,~~594~~134.7259 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 154,827.12 Class A Optimal Amount 119,~~415~~128,~~537~~617.5322 Ending Scheduled Balance for Premium Loans 6959,~~630~~919,~~867~~150.9483 Scheduled Principal 6456,~~669~~953.6519 Unscheduled Principal 119,~~723~~654,~~196~~763.4792

Miscellaneous Reporting Senior Percentage Group 1 8886.~~187358~~609186% Senior Prepayment Pct Group 1 9493.~~093679~~304593% Subordinate Percentage Group 1 1113.~~812642~~390814% Subordinate Prepayment Pct Group 1 56.~~906321~~695407% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 88.~~578518~~578452% Senior Prepayment Pct Group 2 94.~~289259~~289226% Subordinate Percentage Group 2 11.~~421482~~421548% Subordinate Prepayment Pct Group 2 5.~~710741~~710774% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 77.~~722301~~440928% Senior Prepayment Pct Group 3 88.~~861150~~720464% Subordinate Percentage Group 3 22.~~277699~~559072% Subordinate Prepayment Pct Group 3 11.~~138849~~279536% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 87.~~665515~~074702% Senior Prepayment Pct Group 4 93.~~832758~~537351% Subordinate Percentage Group 4 12.~~334485~~925298% Subordinate Prepayment Pct Group 4 6.~~167243~~462649% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 8683.~~103826~~672198% Senior Prepayment Pct Group 5 9391.~~051913~~836099% Subordinate Percentage Group 5 1316.~~896174~~327802% Subordinate Prepayment Pct Group 5 68.~~948087~~163901% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 8886.~~616166~~793390% Senior Prepayment Pct Group 6 9493.~~308083~~396695% Subordinate Percentage Group 6 1113.~~383834~~206610% Subordinate Prepayment Pct Group 6 56.~~691917~~603305% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 8887.~~009207~~296185% Senior Prepayment Pct Group 7 9493.~~004604~~648093% Subordinate Percentage Group 7 1112.~~990793~~703815% Subordinate Prepayment Pct Group 7 56.~~995397~~351908% 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.~~073949~~085311 6.~~249449~~249498 5.~~948604~~931723 Weighted Average Net Rate 6.~~698950~~710313 5.~~881381~~881428 5.~~698605~~681724 Weighted Average Maturity ~~331~~330 332 333 ~~334~~ Beginning Loan Count 108 22 3736 Loans Paid In Full 1 2 010 1 Ending Loan Count 87 2220 3626 Beginning Scheduled Balance 3,~~878~~057,~~284~~582.2367 8,~~620~~610,~~043~~184.1134 15,~~969~~556,~~429~~144.4510 Ending scheduled Balance 32,~~057~~590,~~582~~257.6742 87,~~610~~911,~~184~~893.3435 1510,~~556~~683,~~144~~367.1090 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant 2621,~~576~~019.4992 54,650.35 9996,~~492~~932.8612 Scheduled Principal 32,~~714~~966.1765 9,~~758~~809.2524 20,~~329~~036.6850 Unscheduled Principal ~~816~~464,~~987~~358.3960 ~~100~~688,481.5275 ~~392~~4,~~955~~852,739.6770 Scheduled Interest 2218,~~862~~053.3227 44,~~892~~841.1011 7976,~~163~~895.1862 Servicing Fees ~~1,211~~955.9649 2,~~643~~640.9796 3,~~326~~240.9686 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 2117,~~650~~097.3678 42,~~248~~200.1315 7573,~~836~~654.2276 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~~0.124535 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~698949~~710311 5.~~881379~~881428 5.~~698604~~681723

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~914934~~931935 6.~~836167~~831177 6.~~979972~~990538 Weighted Average Net Rate 6.~~523783~~546183 6.~~545415~~526167 6.~~610229~~613137 Weighted Average Maturity ~~334~~ 333 ~~333~~332 332 Beginning Loan Count 4035 2622 7055 Loans Paid In Full 51 4 154 Ending Loan Count 3534 2218 5551 Beginning Scheduled Balance 9,~~922~~050,~~240~~553.2805 118,~~304~~365,~~465~~374.2634 2418,~~581~~609,~~499~~744.6626 Ending scheduled Balance 98,~~050~~521,~~553~~914.0568 86,~~365~~662,~~374~~237.3452 1817,~~609~~171,~~744~~591.26 Record Date 0910/3031/2003 0910/3031/2003 0910/3031/2003 Principal And Interest Constant 6156,~~835~~649.0061 7556,~~852~~179.5713 ~~155~~117,~~164~~790.6721 Scheduled Principal 4,~~658~~368.6407 118,~~453~~558.2300 129,~~182~~380.8610 Unscheduled Principal ~~867~~524,~~028~~270.5930 21,~~927~~694,~~637~~578.6982 51,~~959~~428,~~572~~772.5490 Scheduled Interest 5752,~~176~~281.3654 6447,~~399~~621.3413 ~~142~~108,~~981~~410.8111 Servicing Fees 32,~~234~~909.2439 2,~~738~~126.9927 75,~~574~~852.0379 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 5349,~~942~~372.1215 6145,~~660~~494.3586 ~~135~~102,~~407~~557.7832 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 6.~~523784~~546184 6.~~545417~~526168 6.~~610229~~613137

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~131678~~160680 6.~~690230~~655348 Weighted Average Net Rate 6.~~760409~~789857 6.~~352125~~315883 Weighted Average Maturity ~~333~~332.00 ~~333~~332.00 Record Date 0910/3031/2003 0910/3031/2003 Principal And Interest Constant 4539,~~022~~913.7825 ~~518~~443,~~594~~134.7259 Beginning Loan Count 2119 ~~226~~197 Loans Paid In Full 20 2922 Ending Loan Count 19 ~~197~~175 Beginning Scheduled Balance 76,~~142~~381,~~772~~285.0718 8169,~~418~~630,~~734~~867.0694 Ending Scheduled Balance 6,~~381~~377,~~285~~888.1870 6959,~~630~~919,~~867~~150.9483 Scheduled Principal 21,~~572~~834.8263 6456,~~669~~953.6519 Unscheduled Principal ~~758~~1,~~914~~561.0785 119,~~723~~654,~~196~~763.4792 Scheduled Interest 4238,~~449~~078.9662 ~~453~~386,~~925~~181.0740 Servicing Fee 21,~~209~~971.9194 2219,~~940~~697.0670 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 4036,~~240~~106.0568 ~~430~~366,~~985~~483.0170 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 154,827.12 Percentage of Cumulative Losses 0.000000 0.000257 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~760410~~789857 6.~~352126~~315883

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