8-K 1 bst02005.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 2002-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-06 90-0073141 Pooling and Servicing Agreement) (Commission 90-0072865 (State or other File Number) 90-0072867 jurisdiction 90-0073124 of Incorporation) IRS EIN 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 2002-5 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-5 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 2002-5 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 2002-5 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: 2002-5 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 07384MKZ4 SEN 4.~~46569~~22602% 1513,~~314~~762,~~766~~430.6086 5648,~~039~~442.2018 ~~928~~42,~~437~~151.9366 II-A 07384MLA8 SEN 5.~~45425~~33794% 64,~~524~~496,~~069~~987.7539 2919,~~157~~993.2869 1297,~~740,106~~602.5842 R-1 07384MLB6 RES 5.65566% 0.00 0.00 0.00 R-2 07384MLC4 RES 5.65566% 0.00 0.00 0.00 R-3 07384MLD2 RES 5.65566% 0.00 0.00 0.00 R-4 07384MLE0 RES 5.65566% 0.00 0.00 0.00 III-A 07384MLF7 SEN 6.~~22751~~25254% 3,~~975~~688,~~440~~298.9422 2019,~~285~~207.8291 ~~279~~5,~~380~~138.1710 IV-A1 07384MLG5 SEN 5.~~55889~~53963% 4031,~~763~~192,~~668~~152.5123 ~~185~~143,~~675~~920.3392 52,~~347~~056,~~279~~607.16 IV-A2 07384MLH3 SEN 5.~~35389~~33463% 1612,~~045~~277,~~273~~762.7705 7054,~~389~~553.7534 2809,~~104,780~~515.1058 IV-A3 07384MMG4 SEN 5.~~24889~~22963% 86,~~673~~636,~~120~~628.9613 3728,~~302~~907.3188 1437,~~137,718~~575.9799 IV-A4 07384MMH2 SEN 5.~~77889~~75963% 1713,~~563~~439,~~069~~171.9497 8364,~~164~~471.4508 2886,~~303,880~~091.9238 IV-A5 07384MMJ8 SEN 5.~~77889~~75963% ~~228~~175,~~970~~206.3998 ~~1,084~~840.2251 3011,~~035~~552.7801 IV-X 07384MLJ9 SEN 0.51078% 0.00 3427,~~852~~109.8710 0.00 V-A 07384MLK6 SEN 6.~~13757~~14043% 1511,~~692~~185,~~524~~724.4312 7857,~~919~~208.0648 31,~~781~~190,~~731~~113.3693 VI-A 07384MLL4 SEN 5.~~98633~~98095% 5342,~~265~~801,~~081~~398.7304 ~~261~~213,~~273~~218.8596 61,~~235~~684,~~608~~220.1628 VII-A 07384MLM2 SEN 6.~~72795~~47920% 31,~~104~~395,~~568~~677.9652 177,~~115~~531.0189 ~~368,495~~638.0691 B-1 07384MLN0 SUB 5.~~92615~~88608% 98,~~843~~747,~~819~~368.5800 4742,~~800~~884.1457 ~~663~~232,~~857~~948.8148 B-2 07384MLP5 SUB 5.~~92615~~88608% 65,~~033~~361,~~322~~302.6136 2926,~~296~~284.9315 ~~406~~142,~~881~~775.5320 B-3 07384MLQ3 SUB 5.~~92615~~88608% 32,~~175~~821,~~342~~657.6887 1513,~~419~~833.0037 ~~214~~75,142.0871 B-4 07384MLR1 SUB 5.~~92615~~88608% 1,~~587~~410,~~742~~892.8044 76,~~709~~917.8500 ~~107~~37,~~075~~573.8604 B-5 07384MLS9 SUB 5.~~92615~~88608% 1,~~587~~410,~~814~~955.2794 76,~~710~~917.1931 ~~107~~37,~~080~~574.6874 B-6 07384MLT7 SUB 5.~~92615~~88608% 1,~~587~~411,~~901~~033.5651 76,~~710~~917.6269 ~~107~~37,~~086~~576.5780 Totals ~~204~~162,~~966~~214,~~499~~647.4863 ~~990~~789,~~905~~160.8803 257,~~863~~984,~~578~~798.7239

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 1413,~~386~~720,~~328~~279.6820 ~~984~~90,~~477~~593.1384 0.00 II-A 0.00 4,~~783~~199,~~963~~384.1797 1317,~~769,263~~596.8611 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 III-A 0.00 3,~~696~~683,~~060~~160.7712 ~~299~~24,~~665~~346.9901 0.00 IV-A1 0.00 3529,~~416~~135,~~389~~545.3407 52,~~532~~200,~~954~~528.4908 0.00 IV-A2 0.00 1311,~~940~~468,~~493~~246.6846 2864,~~175,169~~068.8592 0.00 IV-A3 0.00 76,~~535~~199,~~401~~052.9914 1466,~~175,021~~483.2887 0.00 IV-A4 0.00 1512,~~259~~553,~~189~~080.0359 2950,~~387,045~~562.3746 0.00 IV-A5 0.00 ~~198~~163,~~934~~654.6198 3112,~~120~~392.0052 0.00 IV-X 0.00 0.00 3427,~~852~~109.8710 0.00 V-A 0.00 119,~~910~~995,~~793~~610.0719 31,~~860~~247,~~650~~322.4241 0.00 VI-A 0.00 4741,~~029~~117,~~473~~177.5777 61,~~496~~897,~~882~~439.0124 0.00 VII-A 0.00 21,~~736~~395,~~073~~038.8961 ~~385~~8,~~610~~170.0780 0.00 B-1 0.00 98,~~179~~514,~~961~~419.7752 ~~711~~275,~~657~~833.9505 0.00 B-2 0.00 5,~~626~~218,~~441~~527.0816 ~~436~~169,~~178~~059.4635 0.00 B-3 0.00 2,~~961~~746,~~200~~515.6016 ~~229~~88,~~561~~976.08 0.00 B-4 0.00 1,~~480~~373,~~666~~319.9439 ~~114~~44,~~785~~490.7104 0.00 B-5 0.00 1,~~480~~373,~~733~~381.5920 ~~114~~44,~~790~~492.8705 0.00 B-6 0.00 1,~~480~~373,~~814~~456.9971 ~~114~~44,~~797~~494.1949 0.00 Totals 0.00 ~~179~~154,~~102~~229,~~920~~849.7724 268,~~854~~773,~~484~~958.6042 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 35,180,200.00 1513,~~314~~762,~~766~~430.6086 3231,~~830~~055.4549 ~~895~~11,~~607~~096.4817 0.00 0.00 II-A 74,454,400.00 64,~~524~~496,~~069~~987.7539 75,~~736~~523.0888 1292,~~732,370~~078.5054 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 R-4 50.00 0.00 0.00 0.00 0.00 0.00 III-A 19,396,800.00 3,~~975~~688,~~440~~298.9422 54,~~168~~774.4711 ~~274,211~~363.7099 0.00 0.00 IV-A1 188,000,000.00 4031,~~763~~192,~~668~~152.5123 4030,~~193~~939.4128 52,~~307~~025,~~085~~667.7687 0.00 0.00 IV-A2 74,000,000.00 1612,~~045~~277,~~273~~762.7705 1512,~~820~~178.8123 2797,~~088,959~~337.2935 0.00 0.00 IV-A3 40,000,000.00 86,~~673~~636,~~120~~628.9613 86,~~551~~582.7983 1430,~~129,167~~993.1816 0.00 0.00 IV-A4 81,000,000.00 1713,~~563~~439,~~069~~171.9497 1713,~~317~~330.3722 2872,~~286,563~~761.5416 0.00 0.00 IV-A5 1,056,000.00 ~~228~~175,~~970~~206.3998 ~~225~~173.7779 2911,~~810~~378.0122 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 1511,~~692~~185,~~524~~724.4312 1815,~~451~~419.7252 31,~~763~~174,~~279~~694.6341 0.00 0.00 VI-A 248,618,300.00 5342,~~265~~801,~~081~~398.7304 3831,~~175~~863.7922 61,~~197~~652,~~432~~357.3706 0.00 0.00 VII-A 13,632,100.00 31,~~104~~395,~~568~~677.9652 ~~1,985~~623.0523 ~~366,510~~15.0167 0.00 0.00 B-1 13,774,900.00 98,~~843~~747,~~819~~368.5800 9,~~878~~131.1172 ~~653~~223,~~979~~816.7076 0.00 0.00 B-2 8,442,700.00 65,~~033~~361,~~322~~302.6136 65,~~054~~596.3487 ~~400~~137,~~827~~178.1833 0.00 0.00 B-3 4,443,400.00 32,~~175~~821,~~342~~657.6887 32,~~186~~945.4064 ~~210~~72,~~955~~197.6807 0.00 0.00 B-4 2,221,800.00 1,~~587~~410,~~742~~892.8044 1,~~593~~472.2789 ~~105~~36,~~482~~100.5916 0.00 0.00 B-5 2,221,900.00 1,~~587~~410,~~814~~955.2794 1,~~593~~472.3595 ~~105~~36,~~487~~101.3378 0.00 0.00 B-6 2,222,022.00 1,~~587~~411,~~901~~033.5651 1,~~593~~473.4303 ~~105~~36,~~493~~103.1377 0.00 0.00 Totals 888,703,522.00 ~~204~~162,~~966~~214,~~499~~647.4863 ~~210~~174,~~355~~556.6190 257,~~653~~810,~~223~~241.0847 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 ~~928~~42,~~437~~151.9366 1413,~~386~~720,~~328~~279.6820 0.~~40893254~~39000003 ~~928~~42,~~437~~151.9366 II-A 1297,~~740,106~~602.5842 4,~~783~~199,~~963~~384.1797 0.~~06425360~~05640211 1297,~~740,106~~602.5842 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 R-4 0.00 0.00 0.00000000 0.00 III-A ~~279~~5,~~380~~138.1710 3,~~696~~683,~~060~~160.7712 0.~~19055003~~18988494 ~~279~~5,~~380~~138.1710 IV-A1 52,~~347~~056,~~279~~607.16 3529,~~416~~135,~~389~~545.3407 0.~~18838505~~15497630 52,~~347~~056,~~279~~607.16 IV-A2 2809,~~104,780~~515.1058 1311,~~940~~468,~~493~~246.6846 0.~~18838505~~15497630 2809,~~104,780~~515.1058 IV-A3 1437,~~137,718~~575.9799 76,~~535~~199,~~401~~052.9914 0.~~18838505~~15497630 1437,~~137,718~~575.9799 IV-A4 2886,~~303,880~~091.9238 1512,~~259~~553,~~189~~080.0359 0.~~18838505~~15497630 2886,~~303,880~~091.9238 IV-A5 3011,~~035~~552.7801 ~~198~~163,~~934~~654.6198 0.~~18838505~~15497631 3011,~~035~~552.7801 IV-X 0.00 0.00 0.00000000 0.00 V-A 31,~~781~~190,~~731~~113.3693 119,~~910~~995,~~793~~610.0719 0.~~14881274~~12488456 31,~~781~~190,~~731~~113.3693 VI-A 61,~~235~~684,~~608~~220.1628 4741,~~029~~117,~~473~~177.5777 0.~~18916336~~16538275 61,~~235~~684,~~608~~220.1628 VII-A ~~368,495~~638.0691 21,~~736~~395,~~073~~038.8961 0.~~20070817~~10233483 ~~368,495~~638.0691 B-1 ~~663~~232,~~857~~948.8148 98,~~179~~514,~~961~~419.7752 0.~~66642675~~61811117 ~~663~~232,~~857~~948.8148 B-2 ~~406~~142,~~881~~775.5320 5,~~626~~218,~~441~~527.0816 0.~~66642674~~61811117 ~~406~~142,~~881~~775.5320 B-3 ~~214~~75,142.0871 2,~~961~~746,~~200~~515.6016 0.~~66642675~~61811117 ~~214~~75,142.0871 B-4 ~~107~~37,~~075~~573.8604 1,~~480~~373,~~666~~319.9439 0.~~66642674~~61811117 ~~107~~37,~~075~~573.8604 B-5 ~~107~~37,~~080~~574.6874 1,~~480~~373,~~733~~381.5920 0.~~66642675~~61811117 ~~107~~37,~~080~~574.6874 B-6 ~~107~~37,~~086~~576.5780 1,~~480~~373,~~814~~456.9971 0.~~66642679~~61811121 ~~107~~37,~~086~~576.5780 Totals 257,~~863~~984,~~578~~798.7239 ~~179~~154,~~102~~229,~~920~~849.7724 0.~~20153281~~17354477 257,~~863~~984,~~578~~798.7239

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 35,180,200.00 ~~435~~391.~~32346604~~19819842 0.~~93320817~~88275479 250.~~45771428~~31540952 0.00000000 II-A 74,454,400.00 8760.~~62503962~~39921603 0.~~10390360~~07419145 233.~~26753691~~92291846 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 ~~204~~190.~~95344284~~14982987 0.~~26645993~~24612874 140.~~13695558~~01876547 0.00000000 IV-A1 188,000,000.00 ~~216~~165.~~82802399~~91570335 0.~~21379473~~16457064 2810.~~22917957~~77482910 0.00000000 IV-A2 74,000,000.00 ~~216~~165.~~82802392~~91570338 0.~~21379473~~16457068 2810.~~22917959~~77482905 0.00000000 IV-A3 40,000,000.00 ~~216~~165.~~82802400~~91570325 0.~~21379475~~16457075 2810.~~22917950~~77482900 0.00000000 IV-A4 81,000,000.00 ~~216~~165.~~82802395~~91570333 0.~~21379469~~16457062 2810.~~22917951~~77482914 0.00000000 IV-A5 1,056,000.00 ~~216~~165.~~82802083~~91570076 0.~~21379735~~16457386 2810.~~22917614~~77482955 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 ~~196~~139.~~06146556~~75377092 0.~~23053469~~19265056 4714.~~01819155~~67656199 0.00000000 VI-A 248,618,300.00 ~~214~~172.~~24441294~~15706985 0.~~15355181~~12816120 246.~~92749878~~64616024 0.00000000 VII-A 13,632,100.00 ~~227~~102.~~73959698~~38169614 0.~~14561586~~04571783 260.~~88580703~~00114949 0.00000000 B-1 13,774,900.00 ~~714~~635.~~62003935~~02225062 0.~~71710938~~66292459 4716.~~47618495~~24815861 0.00000000 B-2 8,442,700.00 ~~714~~635.~~62003980~~02225118 0.~~71710946~~66292418 4716.~~47618416~~24815876 0.00000000 B-3 4,443,400.00 ~~714~~635.~~62003871~~02225098 0.~~71710852~~66292479 4716.~~47618490~~24815907 0.00000000 B-4 2,221,800.00 ~~714~~635.~~62003781~~02225223 0.~~71710775~~66292646 4716.~~47618598~~24815915 0.00000000 B-5 2,221,900.00 ~~714~~635.~~62004141~~02225123 0.~~71711148~~66292362 4716.~~47618255~~24815698 0.00000000 B-6 2,222,022.00 ~~714~~635.~~62008927~~02229501 0.~~71710811~~66292323 4716.~~47618610~~24816046 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 261.~~39092245~~19816431 ~~408~~390.~~93254387~~00003411 0.~~40893254~~39000003 261.~~39092245~~19816431 II-A 0.00000000 233.~~37144051~~99710991 6456.~~25359912~~40210612 0.~~06425360~~05640211 233.~~37144051~~99710991 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 140.~~40341551~~26489421 ~~190~~189.~~55002732~~88493566 0.~~19055003~~18988494 140.~~40341551~~26489421 IV-A1 0.00000000 2810.~~44297426~~93939979 ~~188~~154.~~38504968~~97630356 0.~~18838505~~15497630 2810.~~44297426~~93939979 IV-A2 0.00000000 2810.~~44297432~~93939973 ~~188~~154.~~38504973~~97630351 0.~~18838505~~15497630 2810.~~44297432~~93939973 IV-A3 0.00000000 2810.~~44297425~~93939975 ~~188~~154.~~38504975~~97630350 0.~~18838505~~15497630 2810.~~44297425~~93939975 IV-A4 0.00000000 2810.~~44297432~~93939975 ~~188~~154.~~38504975~~97630358 0.~~18838505~~15497630 2810.~~44297432~~93939975 IV-A5 0.00000000 2810.~~44297348~~93940341 ~~188~~154.~~38504735~~97630682 0.~~18838505~~15497631 2810.~~44297348~~93940341 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 4714.~~24872637~~86921256 ~~148~~124.~~81273920~~88455836 0.~~14881274~~12488456 4714.~~24872637~~86921256 VI-A 0.00000000 256.~~08105059~~77432144 ~~189~~165.~~16336235~~38274845 0.~~18916336~~16538275 256.~~08105059~~77432144 VII-A 0.00000000 270.~~03142289~~04686805 ~~200~~102.~~70817336~~33482809 0.~~20070817~~10233483 270.~~03142289~~04686805 B-1 0.00000000 4816.~~19329433~~91108320 ~~666~~618.~~42674502~~11116741 0.~~66642675~~61811117 4816.~~19329433~~91108320 B-2 0.00000000 4816.~~19329480~~91108295 ~~666~~618.~~42674500~~11116823 0.~~66642674~~61811117 4816.~~19329480~~91108295 B-3 0.00000000 4816.~~19329342~~91108385 ~~666~~618.~~42674529~~11116712 0.~~66642675~~61811117 4816.~~19329342~~91108385 B-4 0.00000000 4816.~~19329373~~91108111 ~~666~~618.~~42674408~~11116662 0.~~66642674~~61811117 4816.~~19329373~~91108111 B-5 0.00000000 4816.~~19329403~~91108511 ~~666~~618.~~42674738~~11116612 0.~~66642675~~61811117 4816.~~19329403~~91108511 B-6 0.00000000 4816.~~19329872~~91108369 ~~666~~618.~~42679055~~11121132 0.~~66642679~~61811121 4816.~~19329872~~91108369 (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 35,180,200.00 4.~~46569~~22602% 1513,~~314~~762,~~766~~430.6086 5648,~~992~~466.5087 0.00 0.00 II-A 74,454,400.00 5.~~45425~~33794% 64,~~524~~496,~~069~~987.7539 2920,~~653~~003.2888 0.00 0.00 R-1 50.00 5.65566% 0.00 0.00 0.00 0.00 R-2 50.00 5.65566% 0.00 0.00 0.00 0.00 R-3 50.00 5.65566% 0.00 0.00 0.00 0.00 R-4 50.00 5.65566% 0.00 0.00 0.00 0.00 III-A 19,396,800.00 6.~~22751~~25254% 3,~~975~~688,~~440~~298.9422 2019,~~630~~217.9070 0.00 0.00 IV-A1 188,000,000.00 5.~~55889~~53963% 4031,~~763~~192,~~668~~152.5123 ~~188~~143,~~833~~994.9026 0.00 0.00 IV-A2 74,000,000.00 5.~~35389~~33463% 1612,~~045~~277,~~273~~762.7705 7154,~~587~~581.1714 0.00 0.00 IV-A3 40,000,000.00 5.~~24889~~22963% 86,~~673~~636,~~120~~628.9613 3728,~~936~~922.8762 0.00 0.00 IV-A4 81,000,000.00 5.~~77889~~75963% 1713,~~563~~439,~~069~~171.9497 8464,~~579~~503.1893 0.00 0.00 IV-A5 1,056,000.00 5.~~77889~~75963% ~~228~~175,~~970~~206.3998 ~~1,102~~840.6694 0.00 0.00 IV-X 0.00 0.51078% 8363,~~274~~720,~~103~~921.5837 3527,~~445~~122.7692 0.00 0.00 V-A 80,038,800.00 6.~~13757~~14043% 1511,~~692~~185,~~524~~724.4312 8057,~~261~~237.5764 0.00 0.00 VI-A 248,618,300.00 5.~~98633~~98095% 5342,~~265~~801,~~081~~398.7304 ~~265~~213,~~718~~327.4561 0.00 0.00 VII-A 13,632,100.00 6.~~72795~~47920% 31,~~104~~395,~~568~~677.9652 177,~~406~~535.1673 0.00 0.00 B-1 13,774,900.00 5.~~92615~~88608% 98,~~843~~747,~~819~~368.5800 4842,~~613~~906.2842 0.00 0.00 B-2 8,442,700.00 5.~~92615~~88608% 65,~~033~~361,~~322~~302.6136 2926,~~795~~297.3055 0.00 0.00 B-3 4,443,400.00 5.~~92615~~88608% 32,~~175~~821,~~342~~657.6887 1513,~~681~~840.2942 0.00 0.00 B-4 2,221,800.00 5.~~92615~~88608% 1,~~587~~410,~~742~~892.8044 76,~~841~~920.0052 0.00 0.00 B-5 2,221,900.00 5.~~92615~~88608% 1,~~587~~410,~~814~~955.2794 76,~~841~~920.3583 0.00 0.00 B-6 2,222,022.00 5.~~92615~~88608% 1,~~587~~411,~~901~~033.5651 76,~~841~~921.7821 0.00 0.00 Totals 888,703,522.00 1789,~~007,762~~562.4019 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 ~~953~~24.3069 0.00 5648,~~039~~442.2018 0.00 1413,~~386~~720,~~328~~279.6820 II-A ~~496~~10.0019 0.00 2919,~~157~~993.2869 0.00 4,~~783~~199,~~963~~384.1797 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 0.00 III-A ~~345~~9.0979 0.00 2019,~~285~~207.8291 0.00 3,~~696~~683,~~060~~160.7712 IV-A1 ~~3,158~~73.5734 0.00 ~~185~~143,~~675~~920.3392 0.00 3529,~~416~~135,~~389~~545.3407 IV-A2 ~~1,197~~27.4280 0.00 7054,~~389~~553.7534 0.00 1311,~~940~~468,~~493~~246.6846 IV-A3 ~~634~~14.5673 0.00 3728,~~302~~907.3188 0.00 76,~~535~~199,~~401~~052.9914 IV-A4 ~~1,414~~32.7385 0.00 8364,~~164~~471.4508 0.00 1512,~~259~~553,~~189~~080.0359 IV-A5 180.4443 0.00 ~~1,084~~840.2251 0.00 ~~198~~163,~~934~~654.6198 IV-X ~~592~~13.8981 0.00 3427,~~852~~109.8710 0.00 7259,~~350~~519,~~408~~579.6525 V-A ~~1,342~~29.5115 0.00 7857,~~919~~208.0648 0.00 119,~~910~~995,~~793~~610.0719 VI-A ~~4,444~~108.5965 0.00 ~~261~~213,~~273~~218.8596 0.00 4741,~~029~~117,~~473~~177.5777 VII-A ~~291~~3.1584 0.00 177,~~115~~531.0189 0.00 21,~~736~~395,~~073~~038.8961 B-1 ~~813~~21.1485 0.00 4742,~~800~~884.1457 0.00 98,~~179~~514,~~961~~419.7752 B-2 ~~498~~13.3839 0.00 2926,~~296~~284.9315 0.00 5,~~626~~218,~~441~~527.0816 B-3 ~~262~~7.3005 0.00 1513,~~419~~833.0037 0.00 2,~~961~~746,~~200~~515.6016 B-4 ~~131~~3.1552 0.00 76,~~709~~917.8500 0.00 1,~~480~~373,~~666~~319.9439 B-5 ~~131~~3.1652 0.00 76,~~710~~917.1931 0.00 1,~~480~~373,~~733~~381.5920 B-6 ~~131~~3.1753 0.00 76,~~710~~917.6269 0.00 1,~~480~~373,~~814~~456.9971 Totals ~~16,856~~402.5513 0.00 ~~990~~789,~~905~~160.8803 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 35,180,200.00 4.~~46569~~22602% ~~435~~391.~~32346604~~19819842 1.~~62001637~~37767466 0.00000000 0.00000000 II-A 74,454,400.00 5.~~45425~~33794% 8760.~~62503962~~39921603 0.~~39827438~~26867291 0.00000000 0.00000000 R-1 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 6.~~22751~~25254% ~~204~~190.~~95344284~~14982987 10.~~06362390~~99076652 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~55889~~53963% ~~216~~165.~~82802399~~91570335 10.~~00443564~~76592691 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~35389~~33463% ~~216~~165.~~82802392~~91570338 0.~~96739419~~73758297 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~24889~~22963% ~~216~~165.~~82802400~~91570325 0.~~94842175~~72306550 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~77889~~75963% ~~216~~165.~~82802395~~91570333 10.~~04418741~~79634481 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~77889~~75963% ~~216~~165.~~82802083~~91570076 10.~~04418561~~79634470 0.00000000 0.00000000 IV-X 0.00 0.51078% ~~216~~165.~~82802399~~91570336 0.~~09229321~~07062231 0.00000000 0.00000000 V-A 80,038,800.00 6.~~13757~~14043% ~~196~~139.~~06146556~~75377092 10.~~00278328~~71512367 0.00000000 0.00000000 VI-A 248,618,300.00 5.~~98633~~98095% ~~214~~172.~~24441294~~15706985 10.~~06878074~~85805273 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~72795~~47920% ~~227~~102.~~73959698~~38169614 10.~~27685096~~55279304 0.00000000 0.00000000 B-1 13,774,900.00 5.~~92615~~88608% ~~714~~635.~~62003935~~02225062 3.~~52912036~~11482624 0.00000000 0.00000000 B-2 8,442,700.00 5.~~92615~~88608% ~~714~~635.~~62003980~~02225118 3.~~52911983~~11482701 0.00000000 0.00000000 B-3 4,443,400.00 5.~~92615~~88608% ~~714~~635.~~62003871~~02225098 3.~~52911959~~11482648 0.00000000 0.00000000 B-4 2,221,800.00 5.~~92615~~88608% ~~714~~635.~~62003781~~02225223 3.~~52912053~~11482582 0.00000000 0.00000000 B-5 2,221,900.00 5.~~92615~~88608% ~~714~~635.~~62004141~~02225123 3.~~52911922~~11482515 0.00000000 0.00000000 B-6 2,222,022.00 5.~~92615~~88608% ~~714~~635.~~62008927~~02229501 3.~~52911897~~11482515 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.~~02709763~~00070182 0.00000000 1.~~59291874~~37697284 0.00000000 ~~408~~390.~~93254387~~00003411 II-A 0.~~00666180~~00013686 0.00000000 0.~~39161258~~26853604 0.00000000 6456.~~25359912~~40210612 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.~~01779108~~00050472 0.00000000 10.~~04583333~~99026180 0.00000000 ~~190~~189.~~55002732~~88493566 IV-A1 0.~~01680090~~00039011 0.00000000 0.~~98763473~~76553681 0.00000000 ~~188~~154.~~38504968~~97630356 IV-A2 0.~~01618135~~00037568 0.00000000 0.~~95121284~~73720730 0.00000000 ~~188~~154.~~38504973~~97630351 IV-A3 0.~~01586400~~00036825 0.00000000 0.~~93255775~~72269700 0.00000000 ~~188~~154.~~38504975~~97630350 IV-A4 0.~~01746580~~00040556 0.00000000 10.~~02672160~~79593926 0.00000000 ~~188~~154.~~38504975~~97630358 IV-A5 0.~~01746212~~00040720 0.00000000 10.~~02672348~~79593750 0.00000000 ~~188~~154.~~38504735~~97630682 IV-X 0.~~00154376~~00003596 0.00000000 0.~~09074945~~07058632 0.00000000 ~~188~~154.~~38504971~~97630359 V-A 0.~~01677324~~00036420 0.00000000 0.~~98601004~~71475934 0.00000000 ~~148~~124.~~81273920~~88455836 VI-A 0.~~01787716~~00043702 0.00000000 10.~~05090353~~85761571 0.00000000 ~~189~~165.~~16336235~~38274845 VII-A 0.~~02135768~~00028169 0.00000000 10.~~25549328~~55251135 0.00000000 ~~200~~102.~~70817336~~33482809 B-1 0.~~05903056~~00158622 0.00000000 3.~~47008980~~11324002 0.00000000 ~~666~~618.~~42674502~~11116741 B-2 0.~~05903088~~00158599 0.00000000 3.~~47009014~~11323984 0.00000000 ~~666~~618.~~42674500~~11116823 B-3 0.~~05903137~~00158662 0.00000000 3.~~47009047~~11323986 0.00000000 ~~666~~618.~~42674529~~11116712 B-4 0.~~05902872~~00158430 0.00000000 3.~~47009182~~11324152 0.00000000 ~~666~~618.~~42674408~~11116662 B-5 0.~~05903056~~00158423 0.00000000 3.~~47008866~~11324092 0.00000000 ~~666~~618.~~42674738~~11116612 B-6 0.~~05903182~~00158864 0.00000000 3.~~47009166~~11324100 0.00000000 ~~666~~618.~~42679055~~11121132 (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 268,~~935~~822,~~618~~310.3153 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1316,~~420~~144.3598 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 268,~~949~~838,~~038~~455.6651 Withdrawals Reimbursement for Servicer Advances 3618,~~844~~585.5380 Payment of Service Fee 5745,~~709~~911.5329 Payment of Interest and Principal 268,~~854~~773,~~484~~958.6042 Total Withdrawals (Pool Distribution Amount) 268,~~949~~838,~~038~~455.6651 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0402.0013 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~16,856~~402.5513

SERVICING FEES Gross Servicing Fee 5745,~~709~~911.5329 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5745,~~709~~911.5329

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 35 0 0 0 35 ~~848~~1,~~792~~495,483.2999 0.00 0.00 0.00 ~~848~~1,~~792~~495,483.2999 60 Days 21 0 0 0 21 ~~358~~105,~~574~~599.9099 0.00 0.00 0.00 ~~358~~105,~~574~~599.9099 90 Days 0 10 0 0 10 0.00 ~~312,713~~0.6300 0.00 0.00 ~~312,713~~0.6300 120 Days 1 0 0 1 0 1 ~~346,813.63~~ 0.00 0.00 252,974.91 0.00 ~~346~~252,~~813~~974.6391 150 Days 0 1 0 0 0 1 ~~396,880.30~~ 0.00 312,713.63 0.00 0.00 ~~396~~312,~~880~~713.3063 180+ Days 01 0 0 0 01 0396,880.0030 0.00 0.00 0.00 0396,880.0030 Totals 7 1 01 0 89 1,~~951~~997,~~061~~964.1228 312,713.63 0252,974.0091 0.00 2,~~263~~563,~~774~~652.7582 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 01.~~681818~~298701% 0.000000% 0.000000% 0.000000% 01.~~681818~~298701% 0.~~473492~~968719% 0.000000% 0.000000% 0.000000% 0.~~473492~~968719% 60 Days 0.~~454545~~259740% 0.000000% 0.000000% 0.000000% 0.~~454545~~259740% 0.~~200028~~068404% 0.000000% 0.000000% 0.000000% 0.~~200028~~068404% 90 Days 0.000000% 0.~~227273~~000000% 0.000000% 0.000000% 0.~~227273~~000000% 0.000000% 0.~~174445~~000000% 0.000000% 0.000000% 0.~~174445~~000000% 120 Days 0.~~227273~~000000% 0.000000% 0.~~000000~~259740% 0.000000% 0.~~227273~~259740% 0.~~193467~~000000% 0.000000% 0.~~000000~~163868% 0.000000% 0.~~193467~~163868% 150 Days 0.~~227273~~000000% 0.~~000000~~259740% 0.000000% 0.000000% 0.~~227273~~259740% 0.~~221397~~000000% 0.~~000000~~202564% 0.000000% 0.000000% 0.~~221397~~202564% 180+ Days 0.~~000000~~259740% 0.000000% 0.000000% 0.000000% 0.~~000000~~259740% 0.~~000000~~257084% 0.000000% 0.000000% 0.000000% 0.~~000000~~257084% Totals 1.~~590909~~818182% 0.~~227273~~259740% 0.~~000000~~259740% 0.000000% 12.~~818182~~337662% 1.~~088385~~294208% 0.~~174445~~202564% 0.~~000000~~163868% 0.000000% 1.~~262830~~660640%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 10 0 0 0 10 ~~252,974~~0.9100 0.00 0.00 0.00 ~~252,974~~0.9100 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 01 0 01 0.00 0.00 0252,974.0091 0.00 0252,974.0091 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 1 0 1 ~~252,974.91~~ 0.00 0.00 252,974.91 0.00 252,974.91 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 50.~~882353~~000000% 0.000000% 0.000000% 0.000000% 50.~~882353~~000000% 30.~~923472~~000000% 0.000000% 0.000000% 0.000000% 30.~~923472~~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% 06.~~000000~~666667% 0.000000% 06.~~000000~~666667% 0.000000% 0.000000% 04.~~000000~~381533% 0.000000% 04.~~000000~~381533% 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 50.~~882353~~000000% 0.000000% 06.~~000000~~666667% 0.000000% 56.~~882353~~666667% 30.~~923472~~000000% 0.000000% 04.~~000000~~381533% 0.000000% 34.~~923472~~381533% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0317,547.0036 0.00 0.00 0.00 0317,547.0036 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 10 0 0 0 10 ~~396,880~~0.3000 0.00 0.00 0.00 ~~396,880~~0.3000 180 Days 01 0 0 0 01 0396,880.0030 0.00 0.00 0.00 0396,880.0030 Totals 12 0 0 0 12 ~~396~~714,~~880~~427.3066 0.00 0.00 0.00 ~~396~~714,~~880~~427.3066 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 09.~~000000~~090909% 0.000000% 0.000000% 0.000000% 09.~~000000~~090909% 07.~~000000~~625108% 0.000000% 0.000000% 0.000000% 07.~~000000~~625108% 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 90.~~090909~~000000% 0.000000% 0.000000% 0.000000% 90.~~090909~~000000% 90.~~499972~~000000% 0.000000% 0.000000% 0.000000% 90.~~499972~~000000% 180 Days 09.~~000000~~090909% 0.000000% 0.000000% 0.000000% 09.~~000000~~090909% 09.~~000000~~530091% 0.000000% 0.000000% 0.000000% 09.~~000000~~530091% Totals 918.~~090909~~181818% 0.000000% 0.000000% 0.000000% 918.~~090909~~181818% 917.~~499972~~155199% 0.000000% 0.000000% 0.000000% 917.~~499972~~155199% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 23 0 0 0 23 ~~722~~1,~~882~~052,026.2963 0.00 0.00 0.00 ~~722~~1,~~882~~052,026.2963 60 Days 1 0 0 0 1 105,599.99 0.00 0.00 0.00 105,599.99 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 34 0 0 0 34 ~~828~~1,~~482~~157,626.2862 0.00 0.00 0.00 ~~828~~1,~~482~~157,626.2862 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~956938~~685393% 0.000000% 0.000000% 0.000000% 01.~~956938~~685393% 01.~~877090~~530823% 0.000000% 0.000000% 0.000000% 01.~~877090~~530823% 60 Days 0.~~478469~~561798% 0.000000% 0.000000% 0.000000% 0.~~478469~~561798% 0.~~128127~~153660% 0.000000% 0.000000% 0.000000% 0.~~128127~~153660% 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.~~435407~~247191% 0.000000% 0.000000% 0.000000% 12.~~435407~~247191% 1.~~005217~~684484% 0.000000% 0.000000% 0.000000% 1.~~005217~~684484% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 Group 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 1 125,910.00 0.00 0.00 0.00 125,910.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 10 0 0 10 0.00 ~~312,713~~0.6300 0.00 0.00 ~~312,713~~0.6300 120 Days 10 0 0 0 10 ~~346,813~~0.6300 0.00 0.00 0.00 ~~346,813~~0.6300 150 Days 0 01 0 0 01 0.00 0312,713.0063 0.00 0.00 0312,713.0063 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 21 1 0 0 32 ~~472~~125,~~723~~910.6300 312,713.63 0.00 0.00 ~~785~~438,~~437~~623.2663 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~735294~~826446% 0.000000% 0.000000% 0.000000% 0.~~735294~~826446% 0.~~235403~~266869% 0.000000% 0.000000% 0.000000% 0.~~235403~~266869% 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.~~735294~~000000% 0.000000% 0.000000% 0.~~735294~~000000% 0.000000% 0.~~584654~~000000% 0.000000% 0.000000% 0.~~584654~~000000% 120 Days 0.~~735294~~000000% 0.000000% 0.000000% 0.000000% 0.~~735294~~000000% 0.~~648408~~000000% 0.000000% 0.000000% 0.000000% 0.~~648408~~000000% 150 Days 0.000000% 0.~~000000~~826446% 0.000000% 0.000000% 0.~~000000~~826446% 0.000000% 0.~~000000~~662804% 0.000000% 0.000000% 0.~~000000~~662804% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~470588~~826446% 0.~~735294~~826446% 0.000000% 0.000000% 21.~~205882~~652893% 0.~~883811~~266869% 0.~~584654~~662804% 0.000000% 0.000000% 10.~~468465~~929673% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 1316,~~420~~144.3598

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% ~~164~~140,~~716~~509,~~592~~570.0904 91.~~96756333~~10400530% 8.~~032437~~895995% 0.000000% Class 2A 779,068,922.00 87.66353484% ~~159~~136,~~932~~310,~~628~~185.9207 8988.~~29649401~~38119581% 2.~~671069~~722809% 2120.~~539857~~385741% Class R-I 779,068,872.00 87.66352922% ~~159~~136,~~932~~310,~~628~~185.9207 8988.~~29649401~~38119581% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% ~~159~~136,~~932~~310,~~628~~185.9207 8988.~~29649401~~38119581% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% ~~159~~136,~~932~~310,~~628~~185.9207 8988.~~29649401~~38119581% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% ~~159~~136,~~932~~310,~~628~~185.9207 8988.~~29649401~~38119581% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% ~~156~~132,~~236~~627,~~568~~024.1595 8785.~~23284214~~99309770% 2.~~063652~~388098% 1617.~~641562~~879749% Class V-A 295,577,122.00 33.25936204% 7163,~~975~~111,~~366~~835.4352 40.~~18659557~~92063620% 6.~~650251~~480983% 5348.~~628501~~523277% Class B-1 19,551,822.00 2.20003877% 1312,~~029~~085,~~857~~199.2062 7.~~27506684~~83583702% 5.~~125523~~520604% 41.332898% Class B-2 11,109,122.00 1.25003690% 76,~~403~~866,~~416~~672.1246 4.~~13360993~~45223314% 3.~~141457~~383604% 25.333124% Class B-3 6,665,722.00 0.75005014% 4,~~442~~120,~~215~~157.5230 2.~~48025856~~67143962% 1.~~653351~~780794% 13.332844% Class B-4 4,443,922.00 0.50004550% 2,~~961~~746,~~548~~837.5891 1.~~65354566~~78100278% 0.~~826713~~890437% 6.666722% Class B-5 2,222,022.00 0.25002962% 1,~~480~~373,~~814~~456.9971 0.~~82679556~~89052587% 0.~~826750~~890477% 6.667022% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~826796~~890526% 6.667389% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~237928~~180503% Weighted Average Net Coupon 5.~~900061~~840870% Weighted Average Pass-Through Rate 5.~~900061~~840870% Weighted Average Maturity(Stepdown Calculation ) ~~336~~334 Beginning Scheduled Collateral Loan Count ~~498~~403 Number Of Loans Paid In Full 5818 Ending Scheduled Collateral Loan Count ~~440~~385 Beginning Scheduled Collateral Balance ~~204~~162,~~966~~214,~~499~~647.4863 Ending Scheduled Collateral Balance ~~179~~154,~~102~~229,~~920~~849.7725 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~179~~154,~~262~~377,~~101~~403.2061 Monthly P &I Constant 1,~~275~~010,~~827~~030.5537 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 258,~~147~~106,~~602~~962.5964 Ending Scheduled Balance for Premium Loans ~~179~~154,~~102~~229,~~920~~849.7725 Scheduled Principal ~~210~~174,~~355~~556.6290 Unscheduled Principal 257,~~653~~810,~~223~~241.0948

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage 1 92.~~769735~~399741% Senior Percentage 2 7773.~~657793~~596125% Senior Percentage 3 88.~~996893~~609754% Senior Percentage 4 8887.~~648831~~100513% Senior Percentage 5 8684.~~588445~~222444% Senior Percentage 6 8887.~~684352~~441713% Senior Percentage 7 8984.~~506335~~084079% Senior Prep Percentage 1 96.~~384868~~199871% Senior Prep Percentage 2 8886.~~828897~~798062% Senior Prep Percentage 3 94.~~498446~~304877% Senior Prep Percentage 4 9493.~~324416~~550257% Senior Prep Percentage 5 9392.~~294222~~111222% Senior Prep Percentage 6 9493.~~342176~~720856% Senior Prep Percentage 7 9492.~~753167~~042039% Subordinate Percentage 1 7.~~230264~~600259% Subordinate Percentage 2 2226.~~342207~~403875% Subordinate Percentage 3 11.~~003107~~390246% Subordinate Percentage 4 1112.~~351169~~899487% Subordinate Percentage 5 1315.~~411555~~777556% Subordinate Percentage 6 1112.~~315648~~558287% Subordinate Percentage 7 1015.~~493665~~915921% Subordinate Prep Percentage 1 3.~~615132~~800129% Subordinate Prep Percentage 2 1113.~~171103~~201938% Subordinate Prep Percentage 3 5.~~501554~~695123% Subordinate Prep Percentage 4 56.~~675584~~449743% Subordinate Prep Percentage 5 67.~~705778~~888778% Subordinate Prep Percentage 6 56.~~657824~~279144% Subordinate Prep Percentage 7 57.~~246833~~957961%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~840690~~601015 5.~~704254~~587942 6.~~602507~~627542 Weighted Average Net Rate 4.~~465690~~226015 5.~~454254~~337942 6.~~227507~~252543 Weighted Average Maturity ~~298~~296 ~~340~~338 ~~324~~322 Beginning Loan Count 4037 2216 1211 Loans Paid In Full 20 5 1 0 Ending Loan Count 3837 1715 11 Beginning Scheduled Balance 1614,~~508~~894,~~365~~447.0640 86,~~401~~110,~~049~~358.6294 4,~~466~~162,~~943~~406.5355 Ending scheduled Balance 1514,~~543~~849,~~776~~302.6297 65,~~440~~766,~~854~~349.8175 4,~~170~~156,~~960~~632.1879 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~101~~90,~~982~~717.4191 4935,~~896~~959.5328 3028,~~384~~376.9956 Scheduled Principal 3533,~~389~~609.1893 97,~~961~~505.7667 5,~~807~~387.4779 Unscheduled Principal ~~929~~11,~~199~~534.2650 1336,~~950,233~~503.0552 ~~290,175~~385.8897 Scheduled Interest 6657,~~593~~107.2398 3928,~~934~~453.7761 2422,~~577~~988.5277 Servicing Fees 54,~~158~~654.8652 1,~~750~~272.2299 1,~~395~~300.9275 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 6152,~~434~~453.3746 3827,~~184~~180.5562 2321,~~181~~688.6002 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.~~465690~~226015 5.~~454254~~337942 6.~~227507~~252542

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~350045~~332656 6.~~512565~~515431 6.~~361326~~355953 Weighted Average Net Rate 6.~~044888~~025634 6.~~137564~~140430 5.~~986326~~980953 Weighted Average Maturity ~~338~~336 ~~332~~330 ~~341~~339 Beginning Loan Count ~~237~~189 2921 ~~151~~125 Loans Paid In Full 2811 62 154 Ending Loan Count ~~209~~178 2319 ~~136~~121 Beginning Scheduled Balance 9373,~~937~~157,~~057~~917.6642 1813,~~123~~281,~~116~~167.1685 6048,~~061~~948,~~420~~490.8203 Ending scheduled Balance 8268,~~350~~661,~~501~~914.0339 1411,~~068~~987,~~030~~559.8276 5347,~~449~~148,~~273~~988.4838 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~589~~458,~~710~~634.0477 ~~119~~90,~~666~~418.3253 ~~361~~295,~~438~~701.7128 Scheduled Principal 9272,~~622~~564.9384 2118,~~309~~308.6809 4336,~~046~~439.8238 Unscheduled Principal 114,~~493~~423,~~933~~438.7019 41,~~033~~275,~~775~~300.6600 61,~~569~~763,~~100~~062.5227 Scheduled Interest ~~497~~386,~~087~~069.1193 9872,~~356~~110.6444 ~~318~~259,~~391~~261.8990 Servicing Fees 2318,~~887~~717.9355 54,~~663~~150.4837 1815,~~769~~296.2040 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 ~~473~~367,~~199~~352.1838 9267,~~693~~960.1607 ~~299~~243,~~622~~965.6950 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~044888~~025634 6.~~137565~~140431 5.~~986326~~980953

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 76.~~102953~~854200 6.~~237928~~180503 Weighted Average Net Rate 6.~~727953~~479197 5.~~900061~~840870 Weighted Average Maturity ~~336~~334.00 ~~336~~334.00 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant 2210,~~748~~222.5504 1,~~275~~010,~~827~~030.5537 Beginning Loan Count 74 ~~498~~403 Loans Paid In Full 10 5818 Ending Loan Count 64 ~~440~~385 Beginning Scheduled Balance 31,~~468~~659,~~546~~859.6344 ~~204~~162,~~966~~214,~~499~~647.4863 Ending Scheduled Balance 31,~~079~~659,~~523~~101.8321 ~~179~~154,~~102~~229,~~920~~849.7725 Scheduled Principal ~~2,217~~741.7820 ~~210~~174,~~355~~556.6290 Unscheduled Principal ~~386,805~~17.0203 257,~~653~~810,~~223~~241.0948 Scheduled Interest 209,~~530~~480.7784 1835,~~065,471~~473.9347 Servicing Fee ~~1,083~~518.9271 5745,~~709~~911.5329 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 198,~~446~~962.8513 1789,~~007,762~~562.4018 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~727953~~479200 5.~~900061~~840870

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THRU CERT SERS 2002-5