8-K 1 bst01008.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 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 December 26, 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 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 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: 12/30/03 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 December 26, 2003 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/03 Distribution Date: 1112/2526/03 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.~~71031~~74802% 2,~~648~~212,~~147~~310.4617 1412,~~768~~440.5359 ~~435~~2,~~837~~212,310.2917 R-I 07384MFW7 RES 60.~~69323~~00000% 0.00 0.00 0.00 R-II 07384MFX5 RES 60.~~69323~~00000% 0.00 0.00 0.00 II-A 07384MFY3 SEN 5.~~88143~~91939% 76,~~626~~968,~~767~~914.9899 3734,~~279~~376.9943 ~~657~~6,~~852~~968,914.99 III-A 07384MFZ0 SEN 5.~~68172~~67314% 127,~~046~~725,~~822~~932.4077 5636,~~885~~525.9525 47,~~320~~725,~~889~~932.6377 IV-A 07384MGA4 SEN 6.~~54618~~53377% 7,~~880~~386,~~742~~550.1410 4240,~~875~~218.3637 ~~494~~7,~~192~~386,550.0310 V-A 07384MGB2 SEN 6.~~52617~~54633% 65,~~999~~436,~~492~~096.5984 3729,~~964~~655.4642 15,~~563~~436,~~395~~096.7584 VI-A 07384MGC0 SEN 6.~~61314~~62074% 1614,~~152~~809,~~027~~459.9598 8881,~~774~~708.2603 114,~~342~~809,~~567~~459.9798 VII-A 07384MGD8 SEN 6.~~78986~~78991% 5,~~570~~567,~~618~~554.5534 31,~~435~~502.2267 35,~~064~~567,554.2034 B-1 07384MGE6 SUB 6.~~23931~~26725% 43,~~182~~833,~~479~~263.2756 2120,~~688~~020.1701 ~~349~~3,~~215~~833,263.7156 B-2 07384MGF3 SUB 6.~~23931~~26725% 2,~~788~~555,~~233~~430.8957 1413,~~458~~346.3426 ~~232~~2,~~803~~555,430.3257 B-3 07384MGG1 SUB 6.~~23931~~26725% 1,~~704~~561,~~032~~754.0203 8,~~836~~156.2358 ~~142~~1,~~277~~561,754.9903 B-4 07384MGH9 SUB 6.~~23931~~26725% ~~774~~709,~~569~~896.3576 43,~~016~~707.5258 64709,~~672~~896.5976 B-5 07384MGJ5 SUB 6.~~23931~~26725% ~~774~~709,~~466~~802.6059 43,~~015~~707.9809 64709,~~664~~802.0259 B-6 07384MGK2 SUB 6.~~23931~~26725% ~~482~~442,~~467~~184.7415 2,~~501~~309.83 40 442,~~283~~184.6015 Totals 6959,~~630~~919,~~867~~150.9485 ~~365~~317,~~500~~673.8468 959,~~711~~919,~~717~~150.0985

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 0.00 2,~~212~~224,~~310~~750.1776 ~~450,605.82~~ 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 ~~6,968,914~~0.9900 ~~695~~7,~~132~~003,291.9842 0.00 III-A 0.00 ~~7,725,932~~0.7700 47,~~377~~762,~~775~~458.5802 0.00 IV-A 0.00 0.00 7,~~386~~426,~~550~~768.1047 ~~537,067.39~~ 0.00 V-A 0.00 ~~5,436,096~~0.8400 15,~~601~~465,~~360~~752.2126 0.00 VI-A 0.00 ~~14,809,459~~0.9800 114,~~431~~891,~~342~~168.2301 0.00 VII-A 0.00 0.00 5,~~567~~599,~~554~~057.3401 ~~34,499.42~~ 0.00 B-1 0.00 0.00 3,~~833~~853,~~263~~283.5657 ~~370,903.88~~ 0.00 B-2 0.00 0.00 2,~~555~~568,~~430~~776.5783 ~~247,261.66~~ 0.00 B-3 0.00 0.00 1,~~561~~569,~~754~~910.0361 ~~151,114.22~~ 0.00 B-4 0.00 ~~709,896~~0.7600 68713,~~689~~604.1134 0.00 B-5 0.00 ~~709,802~~0.5900 68713,~~680~~509.0068 0.00 B-6 0.00 ~~442,184~~0.1500 42444,~~785~~493.4355 154,827.12 Totals 0.00 ~~59,919,150~~0.8500 1060,~~077~~236,~~217~~824.9353 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 2,~~648~~212,~~147~~310.4617 2,~~569~~150.3922 ~~433~~2,~~267~~210,159.9095 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 76,~~626~~968,~~767~~914.9899 87,~~688~~946.8715 ~~649~~6,~~164~~960,968.1184 0.00 0.00 III-A 168,187,400.00 127,~~046~~725,~~822~~932.4077 1510,~~516~~374.4574 47,~~305~~715,~~373~~558.1803 0.00 0.00 IV-A 63,044,700.00 7,~~880~~386,~~742~~550.1410 3,~~803~~274.4879 ~~490~~7,~~388~~383,275.5531 0.00 0.00 V-A 79,630,600.00 65,~~999~~436,~~492~~096.5984 75,~~160~~577.6728 15,~~556~~430,~~235~~519.0855 0.00 0.00 VI-A 138,372,800.00 1614,~~152~~809,~~027~~459.9598 86,~~141~~969.3107 114,~~334~~802,~~426~~490.6791 0.00 0.00 VII-A 52,139,400.00 5,~~570~~567,~~618~~554.5534 1,~~601~~610.5686 15,~~462~~565,943.6448 0.00 0.00 B-1 8,141,200.00 43,~~182~~833,~~479~~263.2756 3,~~700~~328.1091 ~~345~~3,~~515~~829,934.6165 0.00 0.00 B-2 5,427,300.00 2,~~788~~555,~~233~~430.8957 2,~~466~~219.6621 ~~230~~2,~~336~~553,211.6736 0.00 0.00 B-3 3,316,900.00 1,~~704~~561,~~032~~754.0203 1,~~507~~356.5027 ~~140~~1,~~770~~560,397.4976 0.00 0.00 B-4 1,507,700.00 ~~774~~709,~~569~~896.3576 ~~685~~616.2449 63709,~~987~~280.3626 0.00 0.00 B-5 1,507,500.00 ~~774~~709,~~466~~802.6059 ~~685~~616.1441 63709,~~978~~186.8717 0.00 0.00 B-6 1,206,450.00 ~~482~~442,~~467~~184.7415 ~~426~~384.8201 39441,~~856~~800.7814 0.00 0.00 Totals 603,046,950.00 6959,~~630~~919,~~867~~150.9485 5646,~~953~~424.1941 959,~~654~~872,~~763~~726.9141 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 ~~435,837.29~~ 2,212,310.17 0.~~06714551~~00 ~~435~~0.00000000 2,~~837~~212,310.2917 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A ~~657,852.99~~ 6,968,914.99 0.~~14635382~~00 ~~657~~0.00000000 6,~~852~~968,914.99 III-A ~~4,320,889.63~~ 7,725,932.77 0.~~04593645~~00 40.00000000 7,~~320~~725,~~889~~932.6377 IV-A ~~494,192.03~~ 7,386,550.10 0.~~11716370~~00 ~~494~~0.00000000 7,~~192~~386,550.0310 V-A ~~1,563,395.75~~ 5,436,096.84 0.~~06826643~~00 10.00000000 5,~~563~~436,~~395~~096.7584 VI-A ~~1,342,567.97~~ 14,809,459.98 0.~~10702580~~00 10.00000000 14,~~342~~809,~~567~~459.9798 VII-A ~~3,064.20~~ 5,567,554.34 0.~~10678209~~00 30.00000000 5,~~064~~567,554.2034 B-1 ~~349,215.71~~ 3,833,263.56 0.~~47084749~~00 ~~349~~0.00000000 3,~~215~~833,263.7156 B-2 ~~232,803.32~~ 2,555,430.57 0.~~47084749~~00 ~~232~~0.00000000 2,~~803~~555,430.3257 B-3 ~~142,277.99~~ 1,561,754.03 0.~~47084749~~00 ~~142~~0.00000000 1,~~277~~561,754.9903 B-4 ~~64,672.59~~ 709,896.76 0.~~47084749~~00 640.00000000 709,~~672~~896.5976 B-5 ~~64,664.02~~ 709,802.59 0.~~47084749~~00 640.00000000 709,~~664~~802.0259 B-6 ~~40,283.60~~ 442,184.15 0.~~36651676~~00 ~~40,283~~0.6000000000 ~~Totals 9~~442,~~711,717~~184.0915 Totals 59,919,150.85 0.~~09936067~~00 90.00000000 59,~~711~~919,~~717~~150.0985

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 8067.~~37354194~~14550716 0.~~07798319~~06526102 1367.~~15005160~~08024615 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~~146.~~16935122~~35381535 0.~~18247450~~16687668 13146.~~63306116~~18693867 0.00000000 III-A 168,187,400.00 7145.~~62737756~~93645404 0.~~09225691~~06168560 2545.~~59866661~~87476844 0.00000000 IV-A 63,044,700.00 ~~125~~117.~~00245286~~16369655 0.~~06032989~~05194394 7117.~~77842626~~11175261 0.00000000 V-A 79,630,600.00 8768.~~89953347~~26643074 0.~~08992360~~07003941 1968.~~54317913~~19639121 0.00000000 VI-A 138,372,800.00 ~~116~~107.~~72834509~~02580261 0.~~05883606~~05036445 9106.~~64370649~~97543816 0.00000000 VII-A 52,139,400.00 106.~~84086411~~78209454 0.~~03071689~~03089525 0106.~~02805249~~75119928 0.00000000 B-1 8,141,200.00 ~~513~~470.~~74235616~~84748686 0.~~45449074~~40889672 42470.~~44037857~~43859013 0.00000000 B-2 5,427,300.00 ~~513~~470.~~74235624~~84748770 0.~~45449118~~40889761 42470.~~44037919~~43859009 0.00000000 B-3 3,316,900.00 ~~513~~470.~~74235581~~84748711 0.~~45449064~~40889686 42470.~~44037806~~43859025 0.00000000 B-4 1,507,700.00 ~~513~~470.~~74235591~~84748955 0.~~45449360~~40889434 42470.~~44037939~~43858858 0.00000000 B-5 1,507,500.00 ~~513~~470.~~74235489~~84748922 0.~~45448756~~40889552 42470.~~44037811~~43858706 0.00000000 B-6 1,206,450.00 ~~399~~366.~~90695014~~51676406 0.~~35378176~~31829748 33366.~~03641262~~19846658 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 ~~13.22803478~~ 67.14550716 0.~~06714551~~00000000 130.~~22803478~~00000000 67.14550716 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 0.00000000 ~~13.81553587~~ 146.35381535 0.~~14635382~~00000000 130.~~81553587~~00000000 146.35381535 III-A 0.00000000 ~~25.69092352~~ 45.93645404 0.~~04593645~~00000000 250.~~69092352~~00000000 45.93645404 IV-A 0.00000000 ~~7.83875615~~ 117.16369655 0.~~11716370~~00000000 70.~~83875615~~00000000 117.16369655 V-A 0.00000000 ~~19.63310273~~ 68.26643074 0.~~06826643~~00000000 190.~~63310273~~00000000 68.26643074 VI-A 0.00000000 ~~9.70254248~~ 107.02580261 0.~~10702580~~00000000 90.~~70254248~~00000000 107.02580261 VII-A 0.00000000 ~~0.05876938~~ 106.78209454 0.~~10678209~~00000000 0.~~05876938~~00000000 106.78209454 B-1 0.00000000 ~~42.89486931~~ 470.84748686 0.~~47084749~~00000000 420.~~89486931~~00000000 470.84748686 B-2 0.00000000 ~~42.89486853~~ 470.84748770 0.~~47084749~~00000000 420.~~89486853~~00000000 470.84748770 B-3 0.00000000 ~~42.89486870~~ 470.84748711 0.~~47084749~~00000000 420.~~89486870~~00000000 470.84748711 B-4 0.00000000 ~~42.89486635~~ 470.84748955 0.~~47084749~~00000000 420.~~89486635~~00000000 470.84748955 B-5 0.00000000 ~~42.89487231~~ 470.84748922 0.~~47084749~~00000000 420.~~89487231~~00000000 470.84748922 B-6 0.00000000 ~~33.39019437~~ 366.51676406 0.~~36651676~~00000000 330.~~39019437~~00000000 366.51676406 (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.~~71031~~74802% 2,~~648~~212,~~147~~310.4617 1412,~~808~~440.2459 0.00 0.00 R-I 50.00 60.~~69323~~00000% 0.00 0.00 0.00 0.00 R-II 50.00 60.~~69323~~00000% 0.00 0.00 0.00 0.00 II-A 47,616,900.00 5.~~88143~~91939% 76,~~626~~968,~~767~~914.9899 3734,~~380~~376.2443 0.00 0.00 III-A 168,187,400.00 5.~~68172~~67314% 127,~~046~~725,~~822~~932.4077 5736,~~038~~525.9326 0.00 0.00 IV-A 63,044,700.00 6.~~54618~~53377% 7,~~880~~386,~~742~~550.1410 4240,~~990~~218.6637 0.00 0.00 V-A 79,630,600.00 6.~~52617~~54633% 65,~~999~~436,~~492~~096.5984 3829,~~066~~655.5542 0.00 0.00 VI-A 138,372,800.00 6.~~61314~~62074% 1614,~~152~~809,~~027~~459.9598 8981,~~012~~708.9804 0.00 0.00 VII-A 52,139,400.00 6.~~78986~~78991% 5,~~570~~567,~~618~~554.5534 31,~~519~~502.7567 0.00 0.00 B-1 8,141,200.00 6.~~23931~~26725% 43,~~182~~833,~~479~~263.2756 2120,~~746~~020.4901 0.00 0.00 B-2 5,427,300.00 6.~~23931~~26725% 2,~~788~~555,~~233~~430.8957 1413,~~497~~346.2226 0.00 0.00 B-3 3,316,900.00 6.~~23931~~26725% 1,~~704~~561,~~032~~754.0203 8,~~859~~156.9958 0.00 0.00 B-4 1,507,700.00 6.~~23931~~26725% ~~774~~709,~~569~~896.3576 43,~~027~~707.3258 0.00 0.00 B-5 1,507,500.00 6.~~23931~~26725% ~~774~~709,~~466~~802.6059 43,~~026~~707.7809 0.00 0.00 B-6 1,206,450.00 6.~~23931~~26725% ~~482~~442,~~467~~184.7415 2,~~508~~309.5640 0.00 0.00 Totals 603,046,950.00 ~~366~~317,~~483~~673.7170 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 390.7100 0.00 1412,~~768~~440.5359 0.00 ~~2,212,310~~0.1700 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 ~~100~~0.2500 0.00 3734,~~279~~376.9943 0.00 ~~6,968,914~~0.9900 III-A ~~152~~0.9700 0.00 5636,~~885~~525.9525 0.00 ~~7,725,932~~0.7700 IV-A ~~115~~0.3000 0.00 4240,~~875~~218.3637 0.00 ~~7,386,550~~0.1000 V-A ~~102~~0.0900 0.00 3729,~~964~~655.4642 0.00 ~~5,436,096~~0.8400 VI-A ~~238~~0.7200 0.00 8881,~~774~~708.2603 0.00 ~~14,809,459~~0.9800 VII-A 840.5300 0.00 31,~~435~~502.2267 0.00 ~~5,567,554~~0.3400 B-1 580.3200 0.00 2120,~~688~~020.1701 0.00 ~~3,833,263~~0.5600 B-2 380.8800 0.00 1413,~~458~~346.3426 0.00 ~~2,555,430~~0.5700 B-3 230.7600 0.00 8,~~836~~156.2358 0.00 ~~1,561,754~~0.0300 B-4 100.8000 0.00 43,~~016~~707.5258 0.00 ~~709,896~~0.7600 B-5 100.8000 0.00 43,~~015~~707.9809 0.00 ~~709,802~~0.5900 B-6 60.7300 0.00 2,~~501~~309.8340 0.00 ~~442,184~~0.1500 Totals ~~982~~0.8600 0.00 ~~365~~317,~~500~~673.8468 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.~~71031~~74802% 8067.~~37354194~~14550716 0.~~44944276~~37758255 0.00000000 0.00000000 R-I 50.00 60.~~69323~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 60.~~69323~~00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A 47,616,900.00 5.~~88143~~91939% ~~160~~146.~~16935122~~35381535 0.~~78502044~~72193759 0.00000000 0.00000000 III-A 168,187,400.00 5.~~68172~~67314% 7145.~~62737756~~93645404 0.~~33913914~~21717001 0.00000000 0.00000000 IV-A 63,044,700.00 6.~~54618~~53377% ~~125~~117.~~00245286~~16369655 0.~~68190760~~63793420 0.00000000 0.00000000 V-A 79,630,600.00 6.~~52617~~54633% 8768.~~89953347~~26643074 0.~~47803922~~37241236 0.00000000 0.00000000 VI-A 138,372,800.00 6.~~61314~~62074% ~~116~~107.~~72834509~~02580261 0.~~64328380~~59049206 0.00000000 0.00000000 VII-A 52,139,400.00 6.~~78986~~78991% 106.~~84086411~~78209454 0.~~60452844~~60420085 0.00000000 0.00000000 B-1 8,141,200.00 6.~~23931~~26725% ~~513~~470.~~74235616~~84748686 2.~~67116518~~45909817 0.00000000 0.00000000 B-2 5,427,300.00 6.~~23931~~26725% ~~513~~470.~~74235624~~84748770 2.~~67116614~~45909753 0.00000000 0.00000000 B-3 3,316,900.00 6.~~23931~~26725% ~~513~~470.~~74235581~~84748711 2.~~67116585~~45909735 0.00000000 0.00000000 B-4 1,507,700.00 6.~~23931~~26725% ~~513~~470.~~74235591~~84748955 2.~~67116800~~45909664 0.00000000 0.00000000 B-5 1,507,500.00 6.~~23931~~26725% ~~513~~470.~~74235489~~84748922 2.~~67116418~~45909784 0.00000000 0.00000000 B-6 1,206,450.00 6.~~23931~~26725% ~~399~~366.~~90695014~~51676406 21.~~07929048~~91421112 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.~~00120523~~00000000 0.00000000 0.~~44823753~~37758255 0.00000000 670.~~14550716~~00000000 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.~~00210534~~00000000 0.00000000 0.~~78291510~~72193759 0.00000000 ~~146~~0.~~35381535~~00000000 III-A 0.~~00090952~~00000000 0.00000000 0.~~33822956~~21716995 0.00000000 450.~~93645404~~00000000 IV-A 0.~~00182886~~00000000 0.00000000 0.~~68007874~~63793420 0.00000000 ~~117~~0.~~16369655~~00000000 V-A 0.~~00128204~~00000000 0.00000000 0.~~47675718~~37241236 0.00000000 680.~~26643074~~00000000 VI-A 0.~~00172519~~00000000 0.00000000 0.~~64155860~~59049199 0.00000000 ~~107~~0.~~02580261~~00000000 VII-A 0.~~00162123~~00000000 0.00000000 0.~~60290721~~60420085 0.00000000 ~~106~~0.~~78209454~~00000000 B-1 0.~~00716356~~00000000 0.00000000 2.~~66400162~~45909817 0.00000000 ~~470~~0.~~84748686~~00000000 B-2 0.~~00716378~~00000000 0.00000000 2.~~66400236~~45909753 0.00000000 ~~470~~0.~~84748770~~00000000 B-3 0.~~00716332~~00000000 0.00000000 2.~~66400253~~45909735 0.00000000 ~~470~~0.~~84748711~~00000000 B-4 0.~~00716323~~00000000 0.00000000 2.~~66400478~~45909664 0.00000000 ~~470~~0.~~84748955~~00000000 B-5 0.~~00716418~~00000000 0.00000000 2.~~66400000~~45909784 0.00000000 ~~470~~0.~~84748922~~00000000 B-6 0.~~00557835~~00000000 0.00000000 21.~~07371213~~91421112 0.00000000 ~~366~~0.~~51676406~~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 1060,~~100~~231,~~773~~993.2115 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1133,~~794~~749.2818 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1060,~~112~~265,~~567~~742.4933 Withdrawals Reimbursement for Servicer Advances 1511,~~651~~794.8628 Payment of Service Fee 1917,~~697~~123.7052 Payment of Interest and Principal 1060,~~077~~236,~~217~~824.9353 Total Withdrawals (Pool Distribution Amount) 1060,~~112~~265,~~567~~742.4933 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~982~~0.8600 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~982~~0.8600

SERVICING FEES Gross Servicing Fee 1917,~~697~~123.7052 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1917,~~697~~123.7052

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 210 10 0 0 310 ~~193~~3,~~599~~938,358.9967 ~~176,400~~0.00 0.00 0.00 ~~369~~3,~~999~~938,358.9967 60 Days 1 0 0 0 1 ~~338~~79,~~734~~999.4899 0.00 0.00 0.00 ~~338~~79,~~734~~999.4899 90 Days 1 0 0 0 1 ~~339~~338,~~533~~734.9748 0.00 0.00 0.00 ~~339~~338,~~533~~734.9748 120 Days 0 1 0 0 0 1 ~~385,816.14~~ 0.00 339,533.97 0.00 0.00 ~~385~~339,~~816~~533.1497 150 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 180+ Days 1 0 0 1 0 1 0468,000.00 0.00 ~~468,000~~0.00 0.00 468,000.00 Totals 514 2 10 0 816 15,~~257~~210,~~684~~909.5828 ~~332~~495,~~357~~491.7673 ~~468,000~~0.00 0.00 25,~~058~~706,~~042~~401.3401 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.~~571429~~609756% 0.000000% 0.000000% 0.~~571429~~609756% 0.~~260091~~275192% 0.000000% 0.000000% 0.~~260091~~275192% 30 Days 16.~~142857~~097561% 0.~~571429~~000000% 0.000000% 0.000000% 16.~~714286~~097561% 06.~~322867~~949340% 0.~~294183~~000000% 0.000000% 0.000000% 06.~~617050~~949340% 60 Days 0.~~571429~~609756% 0.000000% 0.000000% 0.000000% 0.~~571429~~609756% 0.~~564908~~141162% 0.000000% 0.000000% 0.000000% 0.~~564908~~141162% 90 Days 0.~~571429~~609756% 0.000000% 0.000000% 0.000000% 0.~~571429~~609756% 0.~~566242~~597706% 0.000000% 0.000000% 0.000000% 0.~~566242~~597706% 120 Days 0.~~571429~~000000% 0.~~000000~~609756% 0.000000% 0.000000% 0.~~571429~~609756% 0.~~643427~~000000% 0.~~000000~~599117% 0.000000% 0.000000% 0.~~643427~~599117% 150 Days 0.~~000000~~609756% 0.000000% 0.000000% 0.000000% 0.~~000000~~609756% 0.~~000000~~680783% 0.000000% 0.000000% 0.000000% 0.~~000000~~680783% 180+ Days 0.~~000000~~609756% 0.000000% 0.~~571429~~000000% 0.000000% 0.~~571429~~609756% 0.~~000000~~825799% 0.000000% 0.~~780485~~000000% 0.000000% 0.~~780485~~825799% Totals 28.~~857143~~536585% 1.~~142857~~219512% 0.~~571429~~000000% 0.000000% 49.~~571429~~756098% 29.~~097444~~194790% 0.~~554274~~874309% 0.~~780485~~000000% 0.000000% 310.~~432203~~069099%

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 03 0 0 0 03 01,336,041.0004 0.00 0.00 0.00 01,336,041.0004 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 10 0 0 0 10 ~~385,816~~0.1400 0.00 0.00 0.00 ~~385,816~~0.1400 150 Days 01 0 0 0 01 0385,816.0014 0.00 0.00 0.00 0385,816.0014 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 14 0 0 0 14 ~~385~~1,~~816~~721,857.1418 0.00 0.00 0.00 ~~385~~1,~~816~~721,857.1418 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 015.000000% 0.000000% 0.000000% 0.000000% 015.000000% 016.~~000000~~882862% 0.000000% 0.000000% 0.000000% 016.~~000000~~882862% 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 50.000000% 0.000000% 0.000000% 0.000000% 50.000000% 40.~~870547~~000000% 0.000000% 0.000000% 0.000000% 40.~~870547~~000000% 150 Days 05.000000% 0.000000% 0.000000% 0.000000% 05.000000% 04.~~000000~~875360% 0.000000% 0.000000% 0.000000% 04.~~000000~~875360% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 520.000000% 0.000000% 0.000000% 0.000000% 520.000000% 421.~~870547~~758221% 0.000000% 0.000000% 0.000000% 421.~~870547~~758221% 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 02 0 0 0 02 01,056,971.0074 0.00 0.00 0.00 01,056,971.0074 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 02 0 0 0 02 01,056,971.0074 0.00 0.00 0.00 01,056,971.0074 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 08.000000% 0.000000% 0.000000% 0.000000% 08.000000% 010.~~000000~~382120% 0.000000% 0.000000% 0.000000% 010.~~000000~~382120% 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 08.000000% 0.000000% 0.000000% 0.000000% 08.000000% 010.~~000000~~382120% 0.000000% 0.000000% 0.000000% 010.~~000000~~382120% 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 1 10 0 0 21 79187,~~999~~000.9900 ~~176,400~~0.00 0.00 0.00 ~~256~~187,~~399~~000.9900 60 Days 01 0 0 0 01 079,999.0099 0.00 0.00 0.00 079,999.0099 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 1 2 1 0 0 3 79266,999.99 ~~332~~155,~~357~~957.76 0.00 0.00 ~~412~~422,~~357~~957.75 0-29 Days 23.~~941176~~333333% 0.000000% 0.000000% 23.~~941176~~333333% 12.~~829348~~001013% 0.000000% 0.000000% 12.~~829348~~001013% 30 Days 23.~~941176~~333333% 20.~~941176~~000000% 0.000000% 0.000000% 53.~~882353~~333333% 02.~~938381~~399300% 20.~~069131~~000000% 0.000000% 0.000000% 32.~~007512~~399300% 60 Days 03.~~000000~~333333% 0.000000% 0.000000% 0.000000% 03.~~000000~~333333% 01.~~000000~~026438% 0.000000% 0.000000% 0.000000% 01.~~000000~~026438% 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 26.~~941176~~666667% 53.~~882353~~333333% 0.000000% 0.000000% 810.~~823529~~000000% 03.~~938381~~425738% 32.~~898479~~001013% 0.000000% 0.000000% 45.~~836861~~426752% 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 03 0 0 0 03 01,244,745.0089 0.00 0.00 0.00 01,244,745.0089 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 03 0 0 0 03 01,244,745.0089 0.00 0.00 0.00 01,244,745.0089 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 016.~~000000~~666667% 0.000000% 0.000000% 0.000000% 016.~~000000~~666667% 018.~~000000~~683268% 0.000000% 0.000000% 0.000000% 018.~~000000~~683268% 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 016.~~000000~~666667% 0.000000% 0.000000% 0.000000% 016.~~000000~~666667% 018.~~000000~~683268% 0.000000% 0.000000% 0.000000% 018.~~000000~~683268% 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 1 0 0 0 1 113,600.00 0.00 0.00 0.00 113,600.00 60 Days 10 0 0 0 10 ~~338,734~~0.4800 0.00 0.00 0.00 ~~338,734~~0.4800 90 Days 1 0 0 0 1 ~~339~~338,~~533~~734.9748 0.00 0.00 0.00 ~~339~~338,~~533~~734.9748 120 Days 0 01 0 0 01 0.00 0339,533.0097 0.00 0.00 0339,533.0097 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 1 0 0 1 0 1 0468,000.00 0.00 ~~468,000~~0.00 0.00 468,000.00 Totals 3 0 1 0 0 4 ~~791~~920,~~868~~334.4548 0339,533.0097 ~~468,000~~0.00 0.00 1,259,868.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~960784~~173913% 0.000000% 0.000000% 0.000000% 12.~~960784~~173913% 0.~~661226~~727702% 0.000000% 0.000000% 0.000000% 0.~~661226~~727702% 60 Days 10.~~960784~~000000% 0.000000% 0.000000% 0.000000% 10.~~960784~~000000% 10.~~971656~~000000% 0.000000% 0.000000% 0.000000% 10.~~971656~~000000% 90 Days 12.~~960784~~173913% 0.000000% 0.000000% 0.000000% 12.~~960784~~173913% 12.~~976309~~169876% 0.000000% 0.000000% 0.000000% 12.~~976309~~169876% 120 Days 0.000000% 02.~~000000~~173913% 0.000000% 0.000000% 02.~~000000~~173913% 0.000000% 02.~~000000~~174997% 0.000000% 0.000000% 02.~~000000~~174997% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 02.~~000000~~173913% 0.000000% 10.~~960784~~000000% 0.000000% 12.~~960784~~173913% 02.~~000000~~997929% 0.000000% 20.~~724065~~000000% 0.000000% 2.~~724065~~997929% Totals 56.~~882353~~521739% 02.~~000000~~173913% 10.~~960784~~000000% 0.000000% 78.~~843137~~695652% 45.~~609191~~895507% 02.~~000000~~174997% 20.~~724065~~000000% 0.000000% 78.~~333256~~070504% 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 1133,~~794~~749.2818

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 570,098,950.00 94.53641213% ~~57,706,840~~0.6800 960.~~30784128~~00000000% 30.~~692159~~000000% 9392.~~304593~~704446% Class R-I 570,098,900.00 94.53640384% ~~57,706,840~~0.6800 960.~~30784128~~00000000% 0.000000% 0.000000% Class R-II 570,098,850.00 94.53639555% ~~57,706,840~~0.6800 960.~~30784128~~00000000% 0.000000% 0.000000% Class 2A 522,481,950.00 86.64034367% ~~50,737,925~~0.6900 840.~~67731099~~00000000% 110.~~630530~~000000% 40.~~755213~~000000% Class 3A 354,294,550.00 58.75074072% ~~43,011,992~~0.9200 710.~~78338198~~00000000% 120.~~893929~~000000% 50.~~271761~~000000% Class B-1 12,965,850.00 2.15005648% ~~5,979,068~~0.1000 90.~~97855947~~00000000% 60.~~397393~~000000% 20.~~615613~~000000% Class B-2 7,538,550.00 1.25007680% ~~3,423,637~~0.5300 50.~~71376176~~00000000% 40.~~264798~~000000% 10.~~743688~~000000% Class B-3 4,221,650.00 0.70005329% ~~1,861,883~~0.5000 30.~~10732625~~00000000% 20.~~606436~~000000% 10.~~065657~~000000% Class B-4 2,713,950.00 0.45003959% ~~1,151,986~~0.7400 10.~~92256853~~00000000% 10.~~184758~~000000% 0.~~484395~~000000% Class B-5 1,206,450.00 0.20005905% ~~442,184~~0.1500 0.~~73796798~~00000000% 10.~~184601~~000000% 0.~~484331~~000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~737968~~000000% 0.~~301723~~000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~655348~~704979% Weighted Average Net Coupon 6.~~315883~~362047% Weighted Average Pass-Through Rate 6.~~315883~~362046% Weighted Average Maturity(Stepdown Calculation ) ~~332~~0 Beginning Scheduled Collateral Loan Count ~~197~~175 Number Of Loans Paid In Full 2211 Ending Scheduled Collateral Loan Count ~~175~~164 Beginning Scheduled Collateral Balance 6959,~~630~~919,~~867~~150.9483 Ending Scheduled Collateral Balance ~~59,919,150~~0.8300 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2003 5956,~~962~~672,~~716~~410.3613 Monthly P &I Constant ~~443~~381,~~134~~221.5963 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 154,827.12 Class A Optimal Amount 950,~~128~~373,~~617~~245.2295 Ending Scheduled Balance for Premium Loans ~~59,919,150~~0.8300 Scheduled Principal 5646,~~953~~424.1942 Unscheduled Principal 959,~~654~~872,~~763~~726.9241

Miscellaneous Reporting Senior Percentage Group 1 8685.~~609186~~408892% Senior Prepayment Pct Group 1 9392.~~304593~~704446% Subordinate Percentage Group 1 1314.~~390814~~591108% Subordinate Prepayment Pct Group 1 67.~~695407~~295554% Avg. Loss Severity Group 1 0 Senior Percentage Group 2 88.~~578452~~081508% Senior Prepayment Pct Group 2 94.~~289226~~040754% Subordinate Percentage Group 2 11.~~421548~~918492% Subordinate Prepayment Pct Group 2 5.~~710774~~959246% Avg. Loss Severity Group 2 0 Senior Percentage Group 3 7772.~~440928~~317389% Senior Prepayment Pct Group 3 8886.~~720464~~158694% Subordinate Percentage Group 3 2227.~~559072~~682611% Subordinate Prepayment Pct Group 3 1113.~~279536~~841306% Avg. Loss Severity Group 3 0 Senior Percentage Group 4 8786.~~074702~~677119% Senior Prepayment Pct Group 4 93.~~537351~~338560% Subordinate Percentage Group 4 1213.~~925298~~322881% Subordinate Prepayment Pct Group 4 6.~~462649~~661441% Avg. Loss Severity Group 4 0 Senior Percentage Group 5 8381.~~672198~~595662% Senior Prepayment Pct Group 5 9190.~~836099~~797831% Subordinate Percentage Group 5 1618.~~327802~~404338% Subordinate Prepayment Pct Group 5 89.~~163901~~202169% Avg. Loss Severity Group 5 0 Senior Percentage Group 6 86.~~793390~~243958% Senior Prepayment Pct Group 6 93.~~396695~~121979% Subordinate Percentage Group 6 13.~~206610~~756042% Subordinate Prepayment Pct Group 6 6.~~603305~~878021% Avg. Loss Severity Group 6 0 Senior Percentage Group 7 87.~~296185~~294630% Senior Prepayment Pct Group 7 93.~~648093~~647315% Subordinate Percentage Group 7 12.~~703815~~705370% Subordinate Prepayment Pct Group 7 6.~~351908~~352685% 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.~~085311~~123016 6.~~249498~~286867 5.~~931723~~923141 Weighted Average Net Rate 6.~~710313~~748013 5.~~881428~~919389 5.~~681724~~673141 Weighted Average Maturity ~~330~~329 331 332 ~~333~~ Beginning Loan Count 87 2220 3626 Loans Paid In Full 1 20 101 Ending Loan Count 76 20 2625 Beginning Scheduled Balance ~~3,057,582.67 8,610,184.34 15,556,144.10 Ending scheduled Balance~~ 2,590,257.42 7,911,893.35 10,683,367.90 Ending scheduled Balance 0.00 0.00 0.00 Record Date 1011/3130/2003 1011/3130/2003 1011/3130/2003 Principal And Interest Constant 2117,~~019~~892.9293 5450,~~650~~472.3521 9667,~~932~~078.1270 Scheduled Principal 2,~~966~~517.6556 9,~~809~~021.2436 2014,~~036~~346.5012 Unscheduled Principal ~~464~~2,~~358~~587,739.6086 ~~688~~7,~~481~~902,871.7599 410,~~852~~669,~~739~~021.7078 Scheduled Interest 1815,~~053~~375.2737 4441,~~841~~450.1185 7652,~~895~~732.6258 Servicing Fees ~~955~~809.4946 2,~~640~~422.9687 32,~~240~~225.8670 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 1714,~~097~~565.7891 4239,~~200~~027.1598 7350,~~654~~506.7688 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 154,827.12 0.00 0.00 Percentage of Cumulative Losses 0.4535 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~710311~~748016 5.~~881428~~919389 5.~~681723~~673141

Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~931935~~920181 6.~~831177~~843755 6.~~990538~~991071 Weighted Average Net Rate 6.~~546183~~533774 6.~~526167~~546332 6.~~613137~~620745 Weighted Average Maturity ~~333~~ 332 ~~332~~331 331 Beginning Loan Count 3534 2218 5551 Loans Paid In Full 1 4 40 5 Ending Loan Count 3430 18 5146 Beginning Scheduled Balance 98,~~050~~521,~~553~~914.0568 86,~~365~~662,~~374~~237.3452 1817,~~609~~171,~~744~~591.26 Ending scheduled Balance ~~8,521,914~~0.6800 ~~6,662,237~~0.5200 ~~17,171,591~~0.2600 Record Date 1011/3130/2003 1011/3130/2003 1011/3130/2003 Principal And Interest Constant 5652,~~649~~922.6148 5644,~~179~~830.1387 ~~117~~108,~~790~~120.2150 Scheduled Principal 43,~~368~~778.0715 86,~~558~~835.0027 98,~~380~~080.1065 Unscheduled Principal ~~524~~8,~~270~~518,136.3053 16,~~694~~655,~~578~~402.8225 117,~~428~~163,~~772~~510.9061 Scheduled Interest 5249,~~281~~144.5433 4737,~~621~~995.1360 ~~108~~100,~~410~~039.1185 Servicing Fees 2,~~909~~744.3911 21,~~126~~651.2725 5,~~852~~299.7925 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 4946,~~372~~400.1522 4536,~~494~~344.8635 ~~102~~94,~~557~~740.3260 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~546184~~533773 6.~~526168~~546333 6.~~613137~~620744

Group Level Collateral Statement Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~160680~~160733 6.~~655348~~704979 Weighted Average Net Rate 6.~~789857~~789912 6.~~315883~~362047 Weighted Average Maturity ~~332~~331.00 ~~332~~0.00 Record Date 1011/3130/2003 1011/3130/2003 Principal And Interest Constant 39,~~913~~903.2594 ~~443~~381,~~134~~221.5963 Beginning Loan Count 19 ~~197~~175 Loans Paid In Full 0 2211 Ending Loan Count 19 ~~175~~164 Beginning Scheduled Balance 6,~~381~~377,~~285~~888.1870 6959,~~630~~919,~~867~~150.9483 Ending Scheduled Balance ~~6,377,888~~0.7000 ~~59,919,150~~0.8300 Scheduled Principal 1,~~834~~845.6331 5646,~~953~~424.1942 Unscheduled Principal 16,~~561~~376,043.8539 959,~~654~~872,~~763~~726.9241 Scheduled Interest 38,~~078~~058.6263 ~~386~~334,~~181~~797.4021 Servicing Fee 1,~~971~~970.9488 1917,~~697~~123.7052 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 36,~~106~~087.6875 ~~366~~317,~~483~~673.7069 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 154,827.12 Percentage of Cumulative Losses 0.0000 0.0257 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~789857~~789912 6.~~315883~~362046

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