8-K 1 bst03007.txt DECEMBER 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): December 26, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-02 54-2126373 Pooling and Servicing Agreement) (Commission 54-2126374 (State or other File Number) 54-2126375 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 December 26, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-7 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the December 26, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-7 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: 12/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the December 26, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 BST Series: 2003-7 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 I-A 07384MYQ9 SEN 3.~~82000~~82042% 3635,~~003~~918,~~600~~907.0035 114,~~611~~354.4353 4338,~~216~~977.5886 I-X 07384MZM7 SEN 0.22900% 0.00 6,~~870~~854.6952 0.00 II-A 07384MYR7 SEN 4.~~63504~~63219% ~~127~~126,~~843~~569,~~400~~262.0068 ~~493~~488,~~799~~577.5359 ~~734~~861,~~860~~878.8007 III-A 07384MYS5 SEN 4.~~93832~~93776% 4645,~~454~~988,~~700~~883.0095 ~~191~~189,~~173~~235.5721 ~~434~~530,~~055~~606.0946 IV-A 07384MYT3 SEN 4.~~99993~~99435% ~~244~~241,~~681~~901,~~900~~160.0066 1,~~019~~006,~~492~~781.9262 ~~665~~904,~~257~~901.3771 IV-AM 07384MYU0 SEN 4.~~99993~~99435% 44,~~895~~847,~~700~~221.0096 ~~187~~186,~~062~~652.6610 2324,~~652~~999.4323 V-A 07384MYV8 SEN 3.~~90402~~89036% 5453,~~818~~297,~~000~~278.0038 ~~178~~172,~~342~~787.1794 7170,~~330~~771.8856 V-X 07384MZP0 SEN 0.03700% 0.00 1,~~690~~643.2233 0.00 VI-A 07384MYW6 SEN 4.~~82311~~80608% ~~281~~274,~~148~~042,~~900~~852.0081 1,~~130~~097,~~009~~559.3827 23,~~704~~073,~~011~~873.8930 VII-A 07384MYX4 SEN 4.~~90679~~90614% 48,~~923~~083,~~900~~350.0075 ~~200~~196,~~049~~586.6026 ~~526~~90,~~038~~606.4062 VIII-A 07384MYY2 SEN 4.~~83068~~83042% 39,~~977~~627,~~100~~057.0087 ~~160~~159,~~930~~512.4874 ~~323~~162,~~435~~224.3957 IX-A 07384MYZ9 SEN 4.~~87071~~87046% ~~203~~202,~~331~~725,~~400~~969.0084 ~~825~~822,~~306~~806.5145 ~~163~~1,~~740~~596,778.6494 B-1 07384MZC9 SUB 4.~~79683~~79014% 15,~~157~~142,~~700~~094.0023 60,~~590~~443.7598 740,~~640~~742.9412 B-2 07384MZD7 SUB 4.~~79683~~79014% 9,~~327~~318,~~700~~096.0057 37,~~286~~195.1584 425,~~702~~071.0676 B-3 07384MZE5 SUB 4.~~79683~~79014% 5,~~246~~241,~~800~~398.0010 20,~~973~~922.3453 214,~~644~~102.8978 B-4 07384MZF2 SUB 4.~~79683~~79014% 2,~~915~~912,~~100~~098.0073 11,~~652~~624.7047 17,~~469~~835.4945 B-5 07384MZG0 SUB 4.~~79683~~79014% 2,~~331~~329,~~900~~499.0017 9,~~321~~298.4486 16,~~175~~267.5087 B-6 07384MZH8 SUB 4.~~79683~~79014% 2,~~915~~912,~~387~~386.8326 11,~~653~~625.8562 17,~~469~~836.6422 R-I 07384MZA3 SEN 3.~~94102~~93275% ~~100~~0.00 0.3300 ~~100~~0.00 R-II 07384MZB1 SEN 3.~~94102~~93275% 500.00 0.1600 500.00 R-III 07384MZN5 SEN 3.~~94102~~93275% 500.00 0.3100 500.00 Totals 1,~~165~~150,~~973~~857,~~387~~519.8331 4,~~660~~594,~~818~~462.1986 57,~~708~~457,~~901~~474.9952

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 35,~~960~~879,~~383~~929.4249 ~~157~~153,~~828~~332.0139 0.00 I-X 0.00 0.00 6,~~870~~854.6952 0.00 II-A 0.00 ~~127~~125,~~108~~707,~~539~~384.2062 1,~~228~~350,~~660~~455.3366 0.00 III-A 0.00 4645,~~020~~458,~~644~~277.9149 ~~625~~719,~~228~~841.6667 0.00 IV-A 0.00 ~~244~~240,~~016~~996,~~642~~258.6395 1,~~684~~911,~~750~~683.2933 0.00 IV-AM 0.00 44,~~872~~822,~~047~~222.5773 ~~210~~211,~~715~~651.0933 0.00 V-A 0.00 5453,~~746~~226,~~669~~506.1282 ~~249~~243,~~673~~559.0550 0.00 V-X 0.00 0.00 1,~~690~~643.2233 0.00 VI-A 0.00 ~~278~~270,~~444~~968,~~888~~979.1151 34,~~834~~171,~~021~~432.2757 0.00 VII-A 0.00 4847,~~397~~992,~~861~~744.6014 ~~726~~287,~~088~~192.0088 0.00 VIII-A 0.00 39,~~653~~464,~~664~~833.6130 ~~484~~321,~~365~~737.8731 0.00 IX-A 0.00 ~~203~~201,~~167~~129,~~659~~190.3690 ~~989~~2,~~047~~419,585.1539 0.00 B-1 0.00 15,~~150~~101,~~059~~352.0612 68101,~~231~~186.6910 0.00 B-2 0.00 9,~~322~~293,~~997~~024.9481 4162,~~988~~267.2160 0.00 B-3 0.00 5,~~244~~227,~~155~~295.1132 2335,~~618~~025.2331 0.00 B-4 0.00 2,~~913~~904,~~630~~263.5128 1319,~~122~~459.1992 0.00 B-5 0.00 2,~~330~~323,~~724~~231.5030 1015,~~496~~566.9473 0.00 B-6 0.00 2,~~913~~904,~~918~~550.1904 1319,~~123~~461.4984 0.00 R-I 0.00 0.00 ~~100~~0.3300 0.00 R-II 0.00 0.00 500.1600 0.00 R-III 0.00 0.00 500.3100 0.00 Totals 0.00 1,~~160~~143,~~264~~400,~~485~~044.8482 1012,~~369~~051,~~720~~937.1838 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 36,003,600.00 3635,~~003~~918,~~600~~907.0035 3738,~~361~~465.8537 ~~5,854~~512.7349 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 127,843,400.00 ~~127~~126,~~843~~569,~~400~~262.0068 5350,~~020~~551.3197 ~~729~~511,~~840~~326.4910 0.00 0.00 III-A 46,454,700.00 4645,~~454~~988,~~700~~883.0095 2423,~~044~~802.4732 ~~410~~506,~~010~~804.6214 0.00 0.00 IV-A 244,681,900.00 ~~244~~241,~~681~~901,~~900~~160.0066 ~~147~~155,~~320~~545.5529 ~~517~~749,~~936~~356.8342 0.00 0.00 IV-AM 44,895,700.00 44,~~895~~847,~~700~~221.0096 54,~~237~~297.8117 1820,~~414~~702.6207 0.00 0.00 V-A 54,818,000.00 5453,~~818~~297,~~000~~278.0038 6562,~~835~~456.2059 58,~~495~~314.6897 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 281,148,900.00 ~~281~~274,~~148~~042,~~900~~852.0081 ~~148~~2,~~735~~188,993.0689 2884,~~555,276~~879.8341 0.00 0.00 VII-A 48,923,900.00 48,~~923~~083,~~900~~350.0075 12,~~322~~452.6247 ~~513~~78,~~715~~154.7815 0.00 0.00 VIII-A 39,977,100.00 39,~~977~~627,~~100~~057.0087 6,~~017~~069.0090 ~~317~~156,~~418~~154.3967 0.00 0.00 IX-A 203,331,400.00 ~~203~~202,~~331~~725,~~400~~969.0084 ~~116~~127,~~579~~914.8317 471,~~160~~468,864.8177 0.00 0.00 B-1 15,157,700.00 15,~~157~~142,~~700~~094.0023 740,~~640~~742.9412 0.00 0.00 0.00 B-2 9,327,700.00 9,~~327~~318,~~700~~096.0057 425,~~702~~071.0676 0.00 0.00 0.00 B-3 5,246,800.00 5,~~246~~241,~~800~~398.0010 214,~~644~~102.8978 0.00 0.00 0.00 B-4 2,915,100.00 2,~~915~~912,~~100~~098.0073 17,~~469~~835.4945 0.00 0.00 0.00 B-5 2,331,900.00 2,~~331~~329,~~900~~499.0017 16,~~175~~267.5087 0.00 0.00 0.00 B-6 2,915,387.83 2,~~915~~912,~~387~~386.8326 17,~~469~~836.6422 0.00 0.00 0.00 R-I 100.00 ~~100~~0.00 920.3000 70.7000 0.00 0.00 R-II 50.00 500.00 460.1500 30.8500 0.00 0.00 R-III 50.00 500.00 460.1500 30.8500 0.00 0.00 Totals 1,165,973,387.83 1,~~165~~150,~~973~~857,~~387~~519.8331 ~~587~~3,~~761~~072,405.8234 54,~~121~~385,~~140~~069.1819 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 4338,~~216~~977.5886 35,~~960~~879,~~383~~929.4249 0.~~99879966~~99656505 4338,~~216~~977.5886 I-X 0.00 0.00 0.00000000 0.00 II-A ~~734~~861,~~860~~878.8007 ~~127~~125,~~108~~707,~~539~~384.2062 0.~~99425187~~98329194 ~~734~~861,~~860~~878.8007 III-A ~~434~~530,~~055~~606.09 46 45,~~020~~458,~~644~~277.9149 0.~~99065638~~97855066 ~~434~~530,~~055~~606.0946 IV-A ~~665~~904,~~257~~901.3771 ~~244~~240,~~016~~996,~~642~~258.6395 0.~~99728113~~98493701 ~~665~~904,~~257~~901.3771 IV-AM 2324,~~652~~999.4323 44,~~872~~822,~~047~~222.5773 0.~~99947317~~99836338 2324,~~652~~999.4323 V-A 7170,~~330~~771.8856 5453,~~746~~226,~~669~~506.1282 0.~~99869877~~97096769 7170,~~330~~771.8856 V-X 0.00 0.00 0.00000000 0.00 VI-A 23,~~704~~073,~~011~~873.8930 ~~278~~270,~~444~~968,~~888~~979.1151 0.~~99038228~~96379171 23,~~704~~073,~~011~~873.8930 VII-A ~~526~~90,~~038~~606.4062 4847,~~397~~992,~~861~~744.6014 0.~~98924782~~98096726 ~~526~~90,~~038~~606.4062 VIII-A ~~323~~162,~~435~~224.3957 39,~~653~~464,~~664~~833.6130 0.~~99190948~~98718600 ~~323~~162,~~435~~224.3957 IX-A ~~163~~1,~~740~~596,778.6494 ~~203~~201,~~167~~129,~~659~~190.3690 0.~~99919471~~98916936 ~~163~~1,~~740~~596,778.6494 B-1 740,~~640~~742.9412 15,~~150~~101,~~059~~352.0612 0.~~99949590~~99628256 740,~~640~~742.9412 B-2 425,~~702~~071.0676 9,~~322~~293,~~997~~024.9481 0.~~99949590~~99628256 425,~~702~~071.0676 B-3 214,~~644~~102.8978 5,~~244~~227,~~155~~295.1132 0.~~99949590~~99628256 214,~~644~~102.8978 B-4 17,~~469~~835.4945 2,~~913~~904,~~630~~263.5128 0.~~99949590~~99628256 17,~~469~~835.4945 B-5 16,~~175~~267.5087 2,~~330~~323,~~724~~231.5030 0.~~99949590~~99628256 16,~~175~~267.5087 B-6 17,~~469~~836.6422 2,~~913~~904,~~918~~550.1904 0.~~99949590~~99628256 17,~~469~~836.6422 R-I ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 Totals 57,~~708~~457,~~901~~474.9952 1,~~160~~143,~~264~~400,~~485~~044.8482 0.~~99510375~~98063992 57,~~708~~457,~~901~~474.9952

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 36,003,600.00 ~~1000~~997.~~00000000~~64766162 1.~~03772539~~06837566 0.~~16261513~~01423441 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 127,843,400.00 ~~1000~~990.~~00000000~~03360893 02.~~03926922~~74204198 53.~~70886327~~99962845 0.00000000 III-A 46,454,700.00 ~~1000~~989.~~00000000~~97268199 0.~~51758961~~51237700 810.~~82603095~~90964187 0.00000000 IV-A 244,681,900.00 ~~1000~~988.~~00000000~~63528794 0.~~60209010~~63570411 23.~~11677623~~06257398 0.00000000 IV-AM 44,895,700.00 ~~1000~~998.~~00000000~~92020750 0.~~11666618~~09571451 0.~~41016445~~46111476 0.00000000 V-A 54,818,000.00 ~~1000~~972.~~00000000~~25871757 1.~~20097778~~13934456 0.~~10025320~~15168321 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 281,148,900.00 ~~1000~~974.~~00000000~~72496890 07.~~52902594~~78588815 93.~~08869581~~14736928 0.00000000 VII-A 48,923,900.00 ~~1000~~982.~~00000000~~81925092 0.~~25187322~~25452734 101.~~50030312~~59746361 0.00000000 VIII-A 39,977,100.00 ~~1000~~991.~~00000000~~24393390 0.~~15051117~~15183443 73.~~94000540~~90610299 0.00000000 IX-A 203,331,400.00 ~~1000~~997.~~00000000~~02244631 0.~~57334888~~62909206 07.~~23194062~~22399379 0.00000000 B-1 15,157,700.00 ~~1000~~998.~~00000000~~97043945 02.~~50409627~~68788273 0.00000000 0.00000000 B-2 9,327,700.00 ~~1000~~998.~~00000000~~97043966 02.~~50409640~~68788233 0.00000000 0.00000000 B-3 5,246,800.00 ~~1000~~998.~~00000000~~97043912 02.~~50409583~~68788214 0.00000000 0.00000000 B-4 2,915,100.00 ~~1000~~998.~~00000000~~97044012 02.~~50409591~~68788378 0.00000000 0.00000000 B-5 2,331,900.00 ~~1000~~998.~~00000000~~97044041 02.~~50409537~~68788113 0.00000000 0.00000000 B-6 2,915,387.83 ~~1000~~998.~~00000000~~97043887 02.~~50409760~~68788252 0.00000000 0.00000000 R-I 100.00 ~~1000~~0.00000000 ~~923~~0.00000000 770.00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 ~~923~~0.00000000 770.00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 ~~923~~0.00000000 770.00000000 0.00000000 (2) All classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 1.~~20034052~~08261007 ~~998~~996.~~79965948~~56505155 0.~~99879966~~99656505 1.~~20034052~~08261007 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 56.~~74813248~~74167043 ~~994~~983.~~25186752~~29193857 0.~~99425187~~98329194 56.~~74813248~~74167043 III-A 0.00000000 911.~~34362056~~42201887 ~~990~~978.~~65637944~~55066312 0.~~99065638~~97855066 911.~~34362056~~42201887 IV-A 0.00000000 23.~~71886629~~69827809 ~~997~~984.~~28113371~~93700985 0.~~99728113~~98493701 23.~~71886629~~69827809 IV-AM 0.00000000 0.~~52683063~~55682905 ~~999~~998.~~47316937~~36337845 0.~~99947317~~99836338 0.~~52683063~~55682905 V-A 0.00000000 1.~~30123098~~29102776 ~~998~~970.~~69876902~~96768981 0.~~99869877~~97096769 1.~~30123098~~29102776 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 910.~~61772175~~93325743 ~~990~~963.~~38227825~~79171147 0.~~99038228~~96379171 910.~~61772175~~93325743 VII-A 0.00000000 101.~~75217634~~85199095 ~~989~~980.~~24782366~~96726017 0.~~98924782~~98096726 101.~~75217634~~85199095 VIII-A 0.00000000 84.~~09051657~~05793742 ~~991~~987.~~90948343~~18599648 0.~~99190948~~98718600 84.~~09051657~~05793742 IX-A 0.00000000 07.~~80528949~~85308585 ~~999~~989.~~19471051~~16936046 0.~~99919471~~98916936 07.~~80528949~~85308585 B-1 0.00000000 02.~~50409627~~68788273 ~~999~~996.~~49590373~~28255738 0.~~99949590~~99628256 02.~~50409627~~68788273 B-2 0.00000000 02.~~50409640~~68788233 ~~999~~996.~~49590360~~28255733 0.~~99949590~~99628256 02.~~50409640~~68788233 B-3 0.00000000 02.~~50409583~~68788214 ~~999~~996.~~49590417~~28255699 0.~~99949590~~99628256 02.~~50409583~~68788214 B-4 0.00000000 02.~~50409591~~68788378 ~~999~~996.~~49590409~~28255634 0.~~99949590~~99628256 02.~~50409591~~68788378 B-5 0.00000000 02.~~50409537~~68788113 ~~999~~996.~~49590463~~28255929 0.~~99949590~~99628256 02.~~50409537~~68788113 B-6 0.00000000 02.~~50409760~~68788252 ~~999~~996.~~49590240~~28255634 0.~~99949590~~99628256 02.~~50409760~~68788252 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-III 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 (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 36,003,600.00 3.~~82000~~82042% 3635,~~003~~918,~~600~~907.0035 114,~~611~~354.4353 0.00 0.00 I-X 0.00 0.22900% 3635,~~003~~918,~~600~~907.0035 6,~~870~~854.6952 0.00 0.00 II-A 127,843,400.00 4.~~63504~~63219% ~~127~~126,~~843~~569,~~400~~262.0068 ~~493~~488,~~799~~577.5359 0.00 0.00 III-A 46,454,700.00 4.~~93832~~93776% 4645,~~454~~988,~~700~~883.0095 ~~191~~189,~~173~~235.5822 0.00 0.00 IV-A 244,681,900.00 4.~~99993~~99435% ~~244~~241,~~681~~901,~~900~~160.0066 1,~~019~~006,~~492~~781.9262 0.00 0.00 IV-AM 44,895,700.00 4.~~99993~~99435% 44,~~895~~847,~~700~~221.0096 ~~187~~186,~~062~~652.6610 0.00 0.00 V-A 54,818,000.00 3.~~90402~~89036% 5453,~~818~~297,~~000~~278.0038 ~~178~~172,~~342~~787.1794 0.00 0.00 V-X 0.00 0.03700% 5453,~~818~~297,~~000~~278.0038 1,~~690~~643.2233 0.00 0.00 VI-A 281,148,900.00 4.~~82311~~80608% ~~281~~274,~~148~~042,~~900~~852.0081 1,~~130~~097,~~009~~559.3927 0.00 0.00 VII-A 48,923,900.00 4.~~90679~~90614% 48,~~923~~083,~~900~~350.0075 ~~200~~196,~~049~~586.6026 0.00 0.00 VIII-A 39,977,100.00 4.~~83068~~83042% 39,~~977~~627,~~100~~057.0087 ~~160~~159,~~930~~512.4874 0.00 0.00 IX-A 203,331,400.00 4.~~87071~~87046% ~~203~~202,~~331~~725,~~400~~969.0084 ~~825~~822,~~306~~806.5146 0.00 0.00 B-1 15,157,700.00 4.~~79683~~79014% 15,~~157~~142,~~700~~094.0023 60,~~590~~443.7598 0.00 0.00 B-2 9,327,700.00 4.~~79683~~79014% 9,~~327~~318,~~700~~096.0057 37,~~286~~195.1584 0.00 0.00 B-3 5,246,800.00 4.~~79683~~79014% 5,~~246~~241,~~800~~398.0010 20,~~973~~922.3453 0.00 0.00 B-4 2,915,100.00 4.~~79683~~79014% 2,~~915~~912,~~100~~098.0073 11,~~652~~624.7047 0.00 0.00 B-5 2,331,900.00 4.~~79683~~79014% 2,~~331~~329,~~900~~499.0017 9,~~321~~298.4486 0.00 0.00 B-6 2,915,387.83 4.~~79683~~79014% 2,~~915~~912,~~387~~386.8326 11,~~653~~625.8562 0.00 0.00 R-I 100.00 3.~~94102~~93275% ~~100~~0.00 0.3300 0.00 0.00 R-II 50.00 3.~~94102~~93275% 500.00 0.1600 0.00 0.00 R-III 50.00 3.~~94102~~93275% 500.00 0.1600 0.00 0.00 Totals 1,165,973,387.83 4,~~660~~594,~~818~~462.0688 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 0.00 0.00 114,~~611~~354.4353 0.00 35,~~960~~879,~~383~~929.4249 I-X 0.00 0.00 6,~~870~~854.6952 0.00 35,~~960~~879,~~383~~929.4249 II-A 0.00 0.00 ~~493~~488,~~799~~577.5359 0.00 ~~127~~125,~~108~~707,~~539~~384.2062 III-A 0.00 0.00 ~~191~~189,~~173~~235.5721 0.00 4645,~~020~~458,~~644~~277.9149 IV-A 0.00 0.00 1,~~019~~006,~~492~~781.9262 0.00 ~~244~~240,~~016~~996,~~642~~258.6395 IV-AM 0.00 0.00 ~~187~~186,~~062~~652.6610 0.00 44,~~872~~822,~~047~~222.5773 V-A 0.00 0.00 ~~178~~172,~~342~~787.1794 0.00 5453,~~746~~226,~~669~~506.1282 V-X 0.00 0.00 1,~~690~~643.2233 0.00 5453,~~746~~226,~~669~~506.1282 VI-A 0.00 0.00 1,~~130~~097,~~009~~559.3827 0.00 ~~278~~270,~~444~~968,~~888~~979.1151 VII-A 0.00 0.00 ~~200~~196,~~049~~586.6026 0.00 4847,~~397~~992,~~861~~744.6014 VIII-A 0.00 0.00 ~~160~~159,~~930~~512.4874 0.00 39,~~653~~464,~~664~~833.6130 IX-A 0.00 0.00 ~~825~~822,~~306~~806.5145 0.00 ~~203~~201,~~167~~129,~~659~~190.3690 B-1 0.00 0.00 60,~~590~~443.7598 0.00 15,~~150~~101,~~059~~352.0612 B-2 0.00 0.00 37,~~286~~195.1584 0.00 9,~~322~~293,~~997~~024.9481 B-3 0.00 0.00 20,~~973~~922.3453 0.00 5,~~244~~227,~~155~~295.1132 B-4 0.00 0.00 11,~~652~~624.7047 0.00 2,~~913~~904,~~630~~263.5128 B-5 0.00 0.00 9,~~321~~298.4486 0.00 2,~~330~~323,~~724~~231.5030 B-6 0.00 0.00 11,~~653~~625.8562 0.00 2,~~913~~904,~~918~~550.1904 R-I 0.00 0.00 0.3300 0.00 0.00 R-II 0.00 0.00 0.1600 0.00 0.00 R-III 0.00 0.00 0.3100 0.00 0.00 Totals 0.00 0.00 4,~~660~~594,~~818~~462.1986 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 36,003,600.00 3.~~82000~~82042% ~~1000~~997.~~00000000~~64766162 3.~~18333250~~17619710 0.00000000 0.00000000 I-X 0.00 0.22900% ~~1000~~997.~~00000000~~64766162 0.~~19083342~~19038429 0.00000000 0.00000000 II-A 127,843,400.00 4.~~63504~~63219% ~~1000~~990.~~00000000~~03360893 3.~~86253440~~82168802 0.00000000 0.00000000 III-A 46,454,700.00 4.~~93832~~93776% ~~1000~~989.~~00000000~~97268199 4.~~11526885~~07354304 0.00000000 0.00000000 IV-A 244,681,900.00 4.~~99993~~99435% ~~1000~~988.~~00000000~~63528794 4.~~16660538~~11465507 0.00000000 0.00000000 IV-AM 44,895,700.00 4.~~99993~~99435% ~~1000~~998.~~00000000~~92020750 4.~~16660527~~15746051 0.00000000 0.00000000 V-A 54,818,000.00 3.~~90402~~89036% ~~1000~~972.~~00000000~~25871757 3.~~25335054~~15202926 0.00000000 0.00000000 V-X 0.00 0.03700% ~~1000~~972.~~00000000~~25871757 0.~~03083330~~02997793 0.00000000 0.00000000 VI-A 281,148,900.00 4.~~82311~~80608% ~~1000~~974.~~00000000~~72496890 43.~~01925595~~90383626 0.00000000 0.00000000 VII-A 48,923,900.00 4.~~90679~~90614% ~~1000~~982.~~00000000~~81925092 4.~~08899536~~01820501 0.00000000 0.00000000 VIII-A 39,977,100.00 4.~~83068~~83042% ~~1000~~991.~~00000000~~24393390 43.~~02556664~~99010283 0.00000000 0.00000000 IX-A 203,331,400.00 4.~~87071~~87046% ~~1000~~997.~~00000000~~02244631 4.~~05892307~~04662762 0.00000000 0.00000000 B-1 15,157,700.00 4.~~79683~~79014% ~~1000~~998.~~00000000~~97043945 3.~~99735778~~98767491 0.00000000 0.00000000 B-2 9,327,700.00 4.~~79683~~79014% ~~1000~~998.~~00000000~~97043966 3.~~99735733~~98767542 0.00000000 0.00000000 B-3 5,246,800.00 4.~~79683~~79014% ~~1000~~998.~~00000000~~97043912 3.~~99735839~~98767439 0.00000000 0.00000000 B-4 2,915,100.00 4.~~79683~~79014% ~~1000~~998.~~00000000~~97044012 3.~~99735858~~98767452 0.00000000 0.00000000 B-5 2,331,900.00 4.~~79683~~79014% ~~1000~~998.~~00000000~~97044041 3.~~99735838~~98767529 0.00000000 0.00000000 B-6 2,915,387.83 4.~~79683~~79014% ~~1000~~998.~~00000000~~97043887 3.~~99735839~~98767529 0.00000000 0.00000000 R-I 100.00 3.~~94102~~93275% ~~1000~~0.00000000 30.~~30000000~~00000000 0.00000000 0.00000000 R-II 50.00 3.~~94102~~93275% ~~1000~~0.00000000 30.~~20000000~~00000000 0.00000000 0.00000000 R-III 50.00 3.~~94102~~93275% ~~1000~~0.00000000 30.~~20000000~~00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 3.~~18333250~~17619710 0.00000000 ~~998~~996.~~79965948~~56505155 I-X 0.00000000 0.00000000 0.~~19083342~~19038429 0.00000000 ~~998~~996.~~79965948~~56505155 II-A 0.00000000 0.00000000 3.~~86253440~~82168802 0.00000000 ~~994~~983.~~25186752~~29193857 III-A 0.00000000 0.00000000 4.~~11526864~~07354283 0.00000000 ~~990~~978.~~65637944~~55066312 IV-A 0.00000000 0.00000000 4.~~16660538~~11465507 0.00000000 ~~997~~984.~~28113371~~93700985 IV-AM 0.00000000 0.00000000 4.~~16660527~~15746051 0.00000000 ~~999~~998.~~47316937~~36337845 V-A 0.00000000 0.00000000 3.~~25335054~~15202926 0.00000000 ~~998~~970.~~69876902~~96768981 V-X 0.00000000 0.00000000 0.~~03083330~~02997793 0.00000000 ~~998~~970.~~69876902~~96768981 VI-A 0.00000000 0.00000000 43.~~01925592~~90383626 0.00000000 ~~990~~963.~~38227825~~79171147 VII-A 0.00000000 0.00000000 4.~~08899536~~01820501 0.00000000 ~~989~~980.~~24782366~~96726017 VIII-A 0.00000000 0.00000000 43.~~02556664~~99010283 0.00000000 ~~991~~987.~~90948343~~18599648 IX-A 0.00000000 0.00000000 4.~~05892307~~04662757 0.00000000 ~~999~~989.~~19471051~~16936046 B-1 0.00000000 0.00000000 3.~~99735778~~98767491 0.00000000 ~~999~~996.~~49590373~~28255738 B-2 0.00000000 0.00000000 3.~~99735733~~98767542 0.00000000 ~~999~~996.~~49590360~~28255733 B-3 0.00000000 0.00000000 3.~~99735839~~98767439 0.00000000 ~~999~~996.~~49590417~~28255699 B-4 0.00000000 0.00000000 3.~~99735858~~98767452 0.00000000 ~~999~~996.~~49590409~~28255634 B-5 0.00000000 0.00000000 3.~~99735838~~98767529 0.00000000 ~~999~~996.~~49590463~~28255929 B-6 0.00000000 0.00000000 3.~~99735839~~98767529 0.00000000 ~~999~~996.~~49590240~~28255634 R-I 0.00000000 0.00000000 30.~~30000000~~00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 30.~~20000000~~00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 60.~~20000000~~00000000 0.00000000 0.00000000 (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 1012,~~627~~340,~~884~~422.6151 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2063,~~776~~093.3116 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1012,~~648~~403,~~660~~515.9267 Withdrawals Reimbursement for Servicer Advances 067,339.0027 Payment of Service Fee ~~278~~284,~~940~~239.7402 Payment of Interest and Principal 1012,~~369~~051,~~720~~937.1838 Total Withdrawals (Pool Distribution Amount) 1012,~~648~~403,~~660~~515.9267 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~259~~264,~~540~~888.8569 Additional Alliance Service Fee 14,~~296~~249.7578 Miscellaneous Fee 5,~~103~~100.1455 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~278~~284,~~940~~239.7402

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 928 0 0 0 928 412,~~202~~818,~~968~~913.9245 0.00 0.00 0.00 412,~~202~~818,~~968~~913.9245 60 Days 01 0 0 0 01 0183,920.00 0.00 0.00 0.00 0183,920.00 90 Days 01 0 0 0 01 01,129,172.0043 0.00 0.00 0.00 01,129,172.0043 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 930 0 0 0 930 414,~~202~~132,~~968~~005.9288 0.00 0.00 0.00 414,~~202~~132,~~968~~005.9288 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.~~312826~~983146% 0.000000% 0.000000% 0.000000% 0.~~312826~~983146% 01.~~362097~~120650% 0.000000% 0.000000% 0.000000% 01.~~362097~~120650% 60 Days 0.~~000000~~035112% 0.000000% 0.000000% 0.000000% 0.~~000000~~035112% 0.~~000000~~016079% 0.000000% 0.000000% 0.000000% 0.~~000000~~016079% 90 Days 0.~~000000~~035112% 0.000000% 0.000000% 0.000000% 0.~~000000~~035112% 0.~~000000~~098714% 0.000000% 0.000000% 0.000000% 0.~~000000~~098714% 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.~~312826~~053371% 0.000000% 0.000000% 0.000000% 01.~~312826~~053371% 01.~~362097~~235443% 0.000000% 0.000000% 0.000000% 01.~~362097~~235443%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 ~~400~~869,~~001~~259.0074 0.00 0.00 0.00 ~~400~~869,~~001~~259.0074 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 ~~400~~869,~~001~~259.0074 0.00 0.00 0.00 ~~400~~869,~~001~~259.0074 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~351351~~702703% 0.000000% 0.000000% 0.000000% 12.~~351351~~702703% 12.~~075247~~341692% 0.000000% 0.000000% 0.000000% 12.~~075247~~341692% 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 12.~~351351~~702703% 0.000000% 0.000000% 0.000000% 12.~~351351~~702703% 12.~~075247~~341692% 0.000000% 0.000000% 0.000000% 12.~~075247~~341692% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 28 0 0 0 28 ~~492~~1,~~075~~794,093.0068 0.00 0.00 0.00 ~~492~~1,~~075~~794,093.0068 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 28 0 0 0 28 ~~492~~1,~~075~~794,093.0068 0.00 0.00 0.00 ~~492~~1,~~075~~794,093.0068 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~348432~~408451% 0.000000% 0.000000% 0.000000% 01.~~348432~~408451% 01.~~374464~~380132% 0.000000% 0.000000% 0.000000% 01.~~374464~~380132% 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.~~348432~~408451% 0.000000% 0.000000% 0.000000% 01.~~348432~~408451% 01.~~374464~~380132% 0.000000% 0.000000% 0.000000% 01.~~374464~~380132% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 2 0 0 0 2 ~~823~~556,~~163~~266.6740 0.00 0.00 0.00 ~~823~~556,~~163~~266.6740 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 2 0 0 0 2 ~~823~~556,~~163~~266.6740 0.00 0.00 0.00 ~~823~~556,~~163~~266.6740 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~360544~~369863% 0.000000% 0.000000% 0.000000% 1.~~360544~~369863% 1.~~729226~~182556% 0.000000% 0.000000% 0.000000% 1.~~729226~~182556% 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 1.~~360544~~369863% 0.000000% 0.000000% 0.000000% 1.~~360544~~369863% 1.~~729226~~182556% 0.000000% 0.000000% 0.000000% 1.~~729226~~182556% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 04 0 0 0 04 03,049,876.0099 0.00 0.00 0.00 03,049,876.0099 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 01,129,172.0043 0.00 0.00 0.00 01,129,172.0043 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 05 0 0 0 05 04,179,049.0042 0.00 0.00 0.00 04,179,049.0042 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~707965% 0.000000% 0.000000% 0.000000% 0.~~000000~~707965% 01.~~000000~~031544% 0.000000% 0.000000% 0.000000% 01.~~000000~~031544% 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~~176991% 0.000000% 0.000000% 0.000000% 0.~~000000~~176991% 0.~~000000~~381914% 0.000000% 0.000000% 0.000000% 0.~~000000~~381914% 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~~884956% 0.000000% 0.000000% 0.000000% 0.~~000000~~884956% 01.~~000000~~413458% 0.000000% 0.000000% 0.000000% 01.~~000000~~413458% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group V 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 2 0 0 0 2 1422,~~570,775~~546.4411 0.00 0.00 0.00 1422,~~570,775~~546.4411 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 2 0 0 0 2 1422,~~570,775~~546.4411 0.00 0.00 0.00 1422,~~570,775~~546.4411 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~351351~~369863% 0.000000% 0.000000% 0.000000% 1.~~351351~~369863% 20.~~772831~~766692% 0.000000% 0.000000% 0.000000% 20.~~772831~~766692% 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 1.~~351351~~369863% 0.000000% 0.000000% 0.000000% 1.~~351351~~369863% 20.~~772831~~766692% 0.000000% 0.000000% 0.000000% 20.~~772831~~766692% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VI 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 26 0 0 0 26 ~~916~~3,~~953~~932,885.8193 0.00 0.00 0.00 ~~916~~3,~~953~~932,885.8193 60 Days 01 0 0 0 01 0183,920.00 0.00 0.00 0.00 0183,920.00 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 27 0 0 0 27 ~~916~~4,~~953~~116,805.8193 0.00 0.00 0.00 ~~916~~4,~~953~~116,805.8193 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~261780~~798935% 0.000000% 0.000000% 0.000000% 0.~~261780~~798935% 01.~~318374~~402350% 0.000000% 0.000000% 0.000000% 01.~~318374~~402350% 60 Days 0.~~000000~~133156% 0.000000% 0.000000% 0.000000% 0.~~000000~~133156% 0.~~000000~~065580% 0.000000% 0.000000% 0.000000% 0.~~000000~~065580% 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.~~261780~~932091% 0.000000% 0.000000% 0.000000% 0.~~261780~~932091% 01.~~318374~~467930% 0.000000% 0.000000% 0.000000% 01.~~318374~~467930% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VII 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 02 0 0 0 02 0785,471.0090 0.00 0.00 0.00 0785,471.0090 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 02 0 0 0 02 0785,471.0090 0.00 0.00 0.00 0785,471.0090 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~040816% 0.000000% 0.000000% 0.000000% 02.~~000000~~040816% 01.~~000000~~582110% 0.000000% 0.000000% 0.000000% 01.~~000000~~582110% 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~~040816% 0.000000% 0.000000% 0.000000% 02.~~000000~~040816% 01.~~000000~~582110% 0.000000% 0.000000% 0.000000% 01.~~000000~~582110% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group VIII No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0810,000.00 0.00 0.00 0.00 0810,000.00 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 01 0 0 0 01 0810,000.00 0.00 0.00 0.00 0810,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~176471% 0.000000% 0.000000% 0.000000% 01.~~000000~~176471% 01.~~000000~~984730% 0.000000% 0.000000% 0.000000% 01.~~000000~~984730% 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.~~000000~~176471% 0.000000% 0.000000% 0.000000% 01.~~000000~~176471% 01.~~000000~~984730% 0.000000% 0.000000% 0.000000% 01.~~000000~~984730% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IX No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0598,512.0070 0.00 0.00 0.00 0598,512.0070 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 0598,512.0070 0.00 0.00 0.00 0598,512.0070 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~240964% 0.000000% 0.000000% 0.000000% 0.~~000000~~240964% 0.~~000000~~287685% 0.000000% 0.000000% 0.000000% 0.~~000000~~287685% 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~~240964% 0.000000% 0.000000% 0.000000% 0.~~000000~~240964% 0.~~000000~~287685% 0.000000% 0.000000% 0.000000% 0.~~000000~~287685%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2063,~~776~~093.3116

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,129,969,787.83 96.91214229% 1,~~124~~107,~~304~~520,~~102~~115.4233 96.~~90067362~~86199685% 96.~~735616~~698118% 0.000000% Class II-A 1,002,126,387.83 85.94762102% ~~997~~981,~~195~~812,~~563~~730.2271 85.~~94553875~~86782336% 10.~~955135~~994173% ~~335~~332.~~595803~~966910% Class III-A 955,671,687.83 81.96342202% ~~951~~936,~~174~~354,~~918~~453.3122 81.~~97914614~~89211270% 3.~~966393~~975711% ~~121~~120.~~505096~~407423% Class IV-A 710,989,787.83 60.97821749% ~~707~~695,~~158~~358,~~275~~194.6827 60.~~94802387~~81495252% 21.~~031122~~077160% ~~644~~638.~~260108~~337835% Class V-A 611,276,087.83 52.42624700% ~~607~~597,~~539~~309,~~558~~464.9972 52.~~36216108~~23976223% 4.~~718465~~655108% ~~144~~140.~~543809~~983488% Class B-1 22,737,087.83 1.95005204% 22,~~725~~652,~~426~~364.2575 1.~~95864189~~98114080% 1.~~305742~~320741% 39.999643% Class B-2 13,409,387.83 1.15005951% 13,~~402~~359,~~428~~339.3194 1.~~15511838~~16838722% 0.~~803524~~812754% 24.614861% Class B-3 8,162,587.83 0.70006639% 8,~~158~~132,~~273~~044.2062 0.~~70313909~~71121605% 0.~~451979~~457171% 13.845777% Class B-4 5,247,487.83 0.45005211% 5,~~244~~227,~~642~~781.6934 0.~~45202131~~45721367% 0.~~251118~~254002% 7.692655% Class B-5 2,915,587.83 0.25005612% 2,~~913~~904,~~918~~550.1904 0.~~25114258~~25402746% 0.~~200879~~203186% 6.153649% Class B-6 200.00 0.00001715% 0.00 0.00000000% 0.~~251143~~254027% 7.693415% Class R-I 100.00 0.00000858% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 50.00 0.00000429% 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.~~083916~~087026% Weighted Average Net Coupon 4.~~816801~~810827% Weighted Average Pass-Through Rate 4.~~796835~~790650% Weighted Average Maturity(Stepdown Calculation ) ~~359~~357 Beginning Scheduled Collateral Loan Count 2,~~889~~862 Number Of Loans Paid In Full 1214 Ending Scheduled Collateral Loan Count 2,~~877~~848 Beginning Scheduled Collateral Balance 1,~~165~~150,~~973~~857,~~387~~519.0021 Ending Scheduled Collateral Balance 1,~~160~~143,~~264~~400,~~485~~044.7270 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 1,~~160~~143,~~728~~881,~~974~~906.8036 Monthly P &I Constant 57,~~361~~951,~~944~~107.4625 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1011,~~199~~798,~~139~~969.3190 Ending Scheduled Balance for Premium Loans 1,~~160~~143,~~264~~400,~~485~~044.7270 Scheduled Principal ~~587~~3,~~761~~072,405.8132 Unscheduled Principal 54,~~121~~385,~~140~~069.19

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~328780~~335989 4.~~916332~~913776 5.~~270752~~269801 Weighted Average Net Rate 4.~~086726~~087147 4.~~682435~~680035 4.~~944429~~943930 Weighted Average Maturity ~~359~~357 ~~358~~356 ~~357~~355 Beginning Loan Count 74 ~~577~~572 ~~148~~147 Loans Paid In Full 0 34 1 Ending Loan Count 74 ~~574~~568 ~~147~~146 Beginning Scheduled Balance 37,~~214~~125,~~038~~810.0079 ~~132~~130,~~137~~863,~~915~~438.0053 4847,~~015~~547,~~274~~847.0040 Ending scheduled Balance 37,~~168~~085,~~574~~540.4446 ~~131~~129,~~402~~989,~~885~~667.3812 47,~~580~~016,~~411~~434.3907 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~170~~173,~~166~~905.1744 ~~546~~898,~~550~~306.4763 ~~235~~233,~~749~~415.3960 Scheduled Principal 3839,~~616~~757.9284 5362,~~188~~445.9531 24,~~852~~609.2119 Unscheduled Principal ~~5,854~~512.7349 ~~729~~511,~~840~~326.4910 ~~410~~506,~~010~~804.6214 Scheduled Interest 134,~~239~~147.2560 ~~541~~535,~~361~~861.5232 ~~210~~208,~~897~~806.1841 Servicing Fees 7,~~506~~698.5172 25,~~755~~490.4912 1312,~~057~~912.1004 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 1,~~169~~167.7707 5,~~218~~217.7840 244.33 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 125,~~562~~281.9781 ~~510~~505,~~387~~153.2580 ~~197~~195,~~595~~650.7504 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.~~048998~~049424 4.~~635041~~632192 4.~~938323~~937764

Group Level Collateral Statement Group Group IV Group V Group VI Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~269873~~278775 4.~~282029~~270649 5.~~128993~~119519 Weighted Average Net Rate 54.~~002824~~994870 4.~~101638~~091872 4.~~845940~~827253 Weighted Average Maturity ~~359~~357 ~~358~~356 ~~358~~356 Beginning Loan Count ~~575~~566 ~~148~~146 ~~774~~757 Loans Paid In Full 61 0 106 Ending Loan Count ~~569~~565 ~~148~~146 ~~764~~751 Beginning Scheduled Balance ~~301~~296,~~968~~465,~~370~~358.0041 5655,~~659~~134,~~712~~346.0010 ~~292~~283,~~741~~477,~~524~~091.0077 Ending scheduled Balance ~~298~~295,~~611~~530,~~044~~040.9192 5655,~~585~~061,~~963~~421.0777 ~~287~~280,~~884~~327,~~264~~859.5185 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~408~~469,~~178~~404.2402 ~~270~~260,~~419~~825.7255 13,~~363~~473,~~113~~741.0421 Scheduled Principal ~~157~~165,~~683~~259.0900 6864,~~237~~609.6036 ~~153~~2,~~731~~264,352.3851 Unscheduled Principal ~~536~~770,~~351~~058.4549 58,~~511~~314.0997 2884,~~555,276~~879.8341 Scheduled Interest 1,~~314~~304,~~416~~145.5302 ~~202~~196,~~182~~216.1219 1,~~242~~209,~~042~~388.3270 Servicing Fees 6770,~~200~~139.3896 8,~~517~~213.4194 69,~~051~~042.0925 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 ~~130~~129.0073 7,~~583~~558.7964 5,~~022~~002.5145 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 1,~~247~~233,~~086~~875.1533 ~~186~~180,~~080~~443.9261 1,~~167~~135,~~968~~344.7200 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.~~999926~~994345 3.~~941021~~927359 4.~~823107~~806077

Group Level Collateral Statement Group Group VII Group VIII Group IX Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~261031~~261314 5.~~205680~~205419 5.~~102779~~121862 Weighted Average Net Rate 4.~~906794~~906137 4.~~830680~~830419 4.~~872450~~870631 Weighted Average Maturity ~~356~~354.00 ~~358~~356.00 ~~360~~358.00 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~234~~230,~~433~~897.6788 ~~185~~183,~~468~~995.2043 ~~947~~1,~~865~~026,615.5649 Beginning Loan Count ~~100~~98 85 ~~419~~417 Loans Paid In Full 10 0 2 Ending Loan Count 9998 85 ~~417~~415 Beginning Scheduled Balance 5049,~~567~~725,~~371~~987.0023 4140,~~320~~969,~~037~~587.0080 ~~211~~209,~~591~~548,~~576~~051.0018 Ending Scheduled Balance 5049,~~040~~634,~~918~~955.5121 40,~~996~~807,~~399~~157.1359 ~~209~~207,~~994~~946,~~024~~967.3871 Scheduled Principal 12,~~736~~877.5787 6,~~219~~275.1354 ~~120~~132,~~495~~218.9670 Unscheduled Principal ~~513~~78,~~715~~154.7815 ~~317~~156,~~418~~154.3967 471,~~160~~468,864.8177 Scheduled Interest ~~221~~218,~~697~~020.1001 ~~179~~177,~~249~~719.0789 ~~893~~894,~~673~~396.8079 Servicing Fee 14,~~927~~717.3691 12,~~912~~803.5100 4043,~~613~~870.0075 Master Servicing Fee 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 30.71 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~206~~203,~~769~~302.7410 ~~166~~164,~~336~~916.5689 ~~853~~850,~~030~~495.0933 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.~~906794~~906137 4.~~830680~~830419 4.~~870708~~870455

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~083916~~087026 Weighted Average Net Rate 4.~~816801~~810827 Weighted Average Maturity ~~359~~357.00 Record Date 0911/30/2003 Principal And Interest Constant 57,~~361~~951,~~944~~107.4625 Beginning Loan Count 2,~~900~~862 Loans Paid In Full 2314 Ending Loan Count 2,~~877~~848 Beginning Scheduled Balance 1,~~172~~150,~~215~~857,~~817~~519.0021 Ending Scheduled Balance 1,~~160~~143,~~264~~400,~~485~~044.7270 Scheduled Principal ~~587~~3,~~761~~072,405.8132 Unscheduled Principal 54,~~121~~385,~~140~~069.19 Scheduled Interest 4,~~939~~878,~~758~~701.8993 Servicing Fee ~~259~~264,~~540~~888.8569 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 19,~~399~~350.8933 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 4,~~660~~594,~~818~~462.1591 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 4.~~796835~~790650

Miscellaneous Reporting Group Group I Avearge Loss Severity % Group I 0.000000% Senior Percentage Group I 96.~~749941~~749153% Senior Prep. Percentage Group I 100.000000% Subordinate Percentage Group I 3.~~250059~~250847% Subordinate Prep. Percentage Group I 0.000000% Group Group II Avearge Loss Severity % Group II 0.000000% Senior Percentage Group II 96.~~749975~~718582% Senior Prep. Percentage Group II 100.000000% Subordinate Percentage Group II 3.~~250025~~281418% Subordinate Prep. Percentage Group II 0.000000% Group Group III Avearge Loss Severity % Group III 0.000000% Senior Percentage Group III 96.~~749838~~721274% Senior Prep. Percentage Group III 100.000000% Subordinate Percentage Group III 3.~~250162~~278726% Subordinate Prep. Percentage Group III 0.000000%

Miscellaneous Reporting Group Group IV Avearge Loss Severity % Group IV 0.000000% Senior Percentage Group IV 96.~~749978~~722391% Senior Prep. Percentage Group IV 100.000000% Subordinate Percentage Group IV 3.~~250022~~277609% Subordinate Prep. Percentage Group IV 0.000000% Group Group V Avearge Loss Severity % Group V 0.000000% Senior Percentage Group V 96.~~749874~~668016% Senior Prep. Percentage Group V 100.000000% Subordinate Percentage Group V 3.~~250126~~331984% Subordinate Prep. Percentage Group V 0.000000% Group Group VI Avearge Loss Severity % Group VI 0.000000% Senior Percentage Group VI 96.~~749969~~671957% Senior Prep. Percentage Group VI 100.000000% Subordinate Percentage Group VI 3.~~250031~~328043% Subordinate Prep. Percentage Group VI 0.000000%

Miscellaneous Reporting Group Group VII Avearge Loss Severity % Group VII 0.000000% Senior Percentage Group VII 96.~~749938~~696624% Senior Prep. Percentage Group VII 100.000000% Subordinate Percentage Group VII 3.~~250062~~303376% Subordinate Prep. Percentage Group VII 0.000000% Group Group VIII Avearge Loss Severity % Group VIII 0.000000% Avearge Loss Severity % Group IX 0.000000% Senior Percentage Group VIII 96.~~749914~~723106% Senior Prep. Percentage Group VIII 100.000000% Subordinate Percentage Group VIII 3.~~250086~~276894% Subordinate Prep. Percentage Group VIII 0.000000% Group Group IX Senior Percentage Group IX 96.~~749987~~744383% Senior Prep. Percentage Group IX 100.000000% Subordinate Percentage Group IX 3.~~250013~~255617% Subordinate Prep. Percentage Group IX 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ARM TRUST 03-7