8-K 1 bst02007.txt MARCH 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): March 25, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, 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 March 25, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 Trust, relating to the March 25, 2004 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 2002-7 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the March 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 BST Series: 2002-7 Contact: ~~CTSLink~~ Customer Service - CTSLink Wells Fargo Bank ~~Minnesota~~, N.A. ~~Corporate~~Securities ~~Trust~~Administration Services ~~9062~~7485 ~~Old~~New ~~Annapolis~~Horizon ~~Road~~Way ~~Columbia~~Frederick, MD ~~21045-1951~~21703 Telephone: (301) 815-6600 Fax: (301) 815-~~6600~~6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MMR0 SEN 5.~~60767~~54755% 2819,~~256~~196,~~400~~105.2289 ~~132~~88,~~043~~742.8073 31,~~674~~303,~~455~~942.2892 II-A 07384MMS8 SEN 5.~~77593~~80395% 98,~~367~~988,~~875~~231.9473 4543,~~090~~472.1868 111,~~361~~776,438.9085 III-A 07384MMT6 SEN 6.~~02319~~01607% 1110,~~503~~360,~~410~~563.0775 5751,~~739~~941.3553 ~~568~~926,~~955~~758.9325 IV-A 07384MMU3 SEN 6.~~56357~~52951% 3,~~778~~427,~~757~~011.9915 2018,~~668~~647.4525 9831,~~917~~557.0571 V-A-1 07384MMV1 SEN 5.~~30361~~30200% 1210,~~127~~283,~~045~~267.6016 5345,~~597~~434.6491 ~~642~~341,~~180~~091.6891 V-A-2 07384MNE8 SEN 5.~~79861~~79700% 2521,~~439~~571,~~094~~371.11 ~~122~~104,~~926~~207.2471 1715,~~347,112~~513.5187 V-X 07384MNF5 SEN 0.49500% 0.00 54,~~002~~241.4185 0.00 VI-A 07384MMW9 SEN 5.~~63888~~58627% 2118,~~460~~031,~~336~~828.1838 ~~100~~83,~~843~~942.4922 1366,~~860,992~~654.1187 VI-X 07384MNG3 SEN 0.47900% 0.00 87,~~566~~197.2570 0.00 VII-A 07384MMX7 SEN 5.~~65038~~65870% 1714,~~251~~447,~~017~~012.5222 8168,~~228~~126.9505 ~~859~~903,~~398~~005.6876 VII-X 07384MNH1 SEN 0.64700% 0.00 97,~~301~~789.1735 0.00 B-1 07384MNB4 SUB 5.~~93732~~92737% 5,~~856~~355,~~386~~796.5055 2826,~~976~~454.0180 ~~180~~186,~~541~~895.4492 B-2 07384MNC2 SUB 5.~~93732~~92737% 3,~~982~~642,~~535~~118.6903 1917,~~704~~990.6414 ~~122~~127,~~774~~095.1338 B-3 07384MND0 SUB 5.~~93732~~92737% 2,~~342~~142,~~568~~331.1804 1110,~~590~~581.4798 7274,~~216~~758.9980 B-4 07384MNJ7 SUB 5.~~93732~~92737% 1,~~171~~071,~~318~~196.0557 5,~~795~~291.4014 3637,~~109~~380.5449 B-5 07384MNL2 SUB 5.~~93732~~92737% ~~937~~856,~~027~~932.2742 4,~~636~~232.1979 2829,~~886~~903.8052 B-6 07384MNN8 SUB 5.~~93732~~92737% ~~937~~857,~~240~~127.1409 4,~~637~~233.2475 2829,~~893~~910.3631 R-I 07384MMZ2 SEN 5.~~64012~~64053% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64012~~64053% 0.00 0.00 0.00 Totals ~~144~~120,~~411~~230,~~013~~893.4609 ~~712~~592,~~347~~528.8858 97,~~443~~650,~~796~~908.4056

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 2417,~~581~~892,~~944~~162.9497 31,~~806~~392,~~499~~685.0865 0.00 II-A 0.00 97,~~356~~211,~~514~~792.0488 561,~~452~~819,911.0853 0.00 III-A 0.00 109,~~934~~433,~~454~~805.1450 ~~626~~978,~~695~~699.2878 0.00 IV-A 0.00 32,~~768~~595,~~840~~453.9344 30850,~~585~~204.5096 0.00 V-A-1 0.00 119,~~484~~942,~~864~~175.9124 ~~695~~386,~~778~~526.3282 0.00 V-A-2 0.00 2420,~~091~~855,~~981~~857.6124 1819,~~470,038~~721.7558 0.00 V-X 0.00 0.00 54,~~002~~241.4185 0.00 VI-A 0.00 1917,~~599~~665,~~344~~173.0751 1450,~~961,835~~597.6009 0.00 VI-X 0.00 0.00 87,~~566~~197.2570 0.00 VII-A 0.00 1613,~~391~~544,~~618~~006.8346 ~~940~~971,~~627~~131.6381 0.00 VII-X 0.00 0.00 97,~~301~~789.1735 0.00 B-1 0.00 5,~~675~~168,~~845~~900.0662 ~~209~~213,~~517~~350.4572 0.00 B-2 0.00 3,~~859~~515,~~761~~022.5665 ~~142~~145,~~478~~085.7752 0.00 B-3 0.00 2,~~270~~067,~~351~~572.1924 8385,~~807~~340.4678 0.00 B-4 0.00 1,~~135~~033,~~208~~816.5009 4142,~~904~~671.9463 0.00 B-5 0.00 ~~908~~827,~~140~~028.4789 3334,~~522~~136.9931 0.00 B-6 0.00 ~~908~~827,~~346~~216.78 3334,~~530~~144.6006 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~134~~112,~~967~~579,~~217~~984.0351 108,~~156~~243,~~144~~437.2814 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 129,498,400.00 2819,~~256~~196,~~400~~105.2289 3222,~~685~~822.7212 31,~~641~~281,~~769~~120.5680 0.00 0.00 II-A 59,280,900.00 98,~~367~~988,~~875~~231.9473 10,~~664~~387.2767 ~~697~~1,766,051.6318 0.00 0.00 III-A 30,541,200.00 1110,~~503~~360,~~410~~563.0775 5,~~471~~151.8920 ~~563~~921,~~484~~607.0405 0.00 0.00 IV-A 46,458,500.00 3,~~778~~427,~~757~~011.9915 54,~~059~~837.7329 4826,~~857~~720.3242 0.00 0.00 V-A-1 70,000,000.00 1210,~~127~~283,~~045~~267.6016 1412,~~354~~603.0095 ~~627~~328,~~826~~487.6997 0.00 0.00 V-A-2 146,840,100.00 2521,~~439~~571,~~094~~371.11 3026,~~110~~439.6050 1689,~~317,001~~074.9037 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 2118,~~460~~031,~~336~~828.1838 1,~~176~~187.8327 1365,~~859,815~~467.2860 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 1714,~~251~~447,~~017~~012.5222 1715,~~487~~892.5745 ~~841~~887,~~911~~113.1131 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 5,~~856~~355,~~386~~796.5055 5,~~736~~459.0935 ~~174~~181,~~805~~436.3558 0.00 0.00 B-2 5,864,400.00 3,~~982~~642,~~535~~118.6903 3,~~900~~712.7354 ~~118~~123,~~873~~382.4085 0.00 0.00 B-3 3,449,500.00 2,~~342~~142,~~568~~331.1804 2,~~294~~183.4575 6972,~~922~~575.5505 0.00 0.00 B-4 1,724,800.00 1,~~171~~071,~~318~~196.0557 1,~~147~~091.2691 3436,~~962~~288.2958 0.00 0.00 B-5 1,379,800.00 ~~937~~856,~~027~~932.2742 ~~917~~873.7850 2729,~~969~~030.02 0.00 0.00 B-6 1,380,114.00 ~~937~~857,~~240~~127.1409 ~~917~~873.9970 2729,~~975~~036.3762 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 Totals 689,905,814.00 ~~144~~120,~~411~~230,~~013~~893.4609 ~~131~~113,~~924~~516.9120 97,~~311~~537,~~871~~392.5140 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 31,~~674~~303,~~455~~942.2892 2417,~~581~~892,~~944~~162.9497 0.~~18982431~~13816513 31,~~674~~303,~~455~~942.2892 II-A 111,~~361~~776,438.9085 97,~~356~~211,~~514~~792.0488 0.~~15783354~~12165458 111,~~361~~776,438.9085 III-A ~~568~~926,~~955~~758.9325 109,~~934~~433,~~454~~805.1450 0.~~35802307~~30888785 ~~568~~926,~~955~~758.9325 IV-A 9831,~~917~~557.0571 32,~~768~~595,~~840~~453.9344 0.~~08112274~~05586606 9831,~~917~~557.0571 V-A-1 ~~642~~341,~~180~~091.6891 119,~~484~~942,~~864~~175.9124 0.~~16406950~~14203107 ~~642~~341,~~180~~091.6891 V-A-2 1715,~~347,112~~513.5187 2420,~~091~~855,~~981~~857.6124 0.~~16406950~~14203107 1715,~~347,112~~513.5187 V-X 0.00 0.00 0.00000000 0.00 VI-A 1366,~~860,992~~654.1187 1917,~~599~~665,~~344~~173.0751 0.~~26577256~~23954467 1366,~~860,992~~654.1187 VI-X 0.00 0.00 0.00000000 0.00 VII-A ~~859~~903,~~398~~005.6876 1613,~~391~~544,~~618~~006.8346 0.~~14751343~~12188686 ~~859~~903,~~398~~005.6876 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~180~~186,~~541~~895.4492 5,~~675~~168,~~845~~900.0662 0.~~65816819~~59938317 ~~180~~186,~~541~~895.4492 B-2 ~~122~~127,~~774~~095.1338 3,~~859~~515,~~761~~022.5665 0.~~65816819~~59938317 ~~122~~127,~~774~~095.1338 B-3 7274,~~216~~758.9980 2,~~270~~067,~~351~~572.1924 0.~~65816820~~59938317 7274,~~216~~758.9980 B-4 3637,~~109~~380.5449 1,~~135~~033,~~208~~816.5009 0.~~65816819~~59938317 3637,~~109~~380.5449 B-5 2829,~~886~~903.8052 ~~908~~827,~~140~~028.4789 0.~~65816819~~59938316 2829,~~886~~903.8052 B-6 2829,~~893~~910.3631 ~~908~~827,~~346~~216.78 0.~~65816793~~59938294 2829,~~893~~910.3631 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 97,~~443~~650,~~796~~908.4056 ~~134~~112,~~967~~579,~~217~~984.0351 0.~~19563137~~16318167 97,~~443~~650,~~796~~908.4056

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 ~~218~~148.~~19883659~~23430938 0.~~25240250~~17623476 289.~~12212012~~89294694 0.00000000 II-A 59,280,900.00 ~~158~~151.~~02519766~~62104034 0.~~17989386~~17522794 029.~~01176821~~79123428 0.00000000 III-A 30,541,200.00 ~~376~~339.~~65219670~~23237299 0.~~17916421~~16866397 1830.~~44996398~~17586244 0.00000000 IV-A 46,458,500.00 8173.~~33620306~~76499779 0.~~10890860~~10412067 017.~~10455180~~79481516 0.00000000 V-A-1 70,000,000.00 ~~173~~146.~~24350857~~90381657 0.~~20505714~~18005643 84.~~96895271~~69268529 0.00000000 V-A-2 146,840,100.00 ~~173~~146.~~24350848~~90381653 0.~~20505707~~18005640 84.~~96895262~~69268524 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~291~~244.~~00812776~~51660836 0.~~01595814~~01609971 254.~~21961250~~95584231 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 ~~155~~130.~~24743650~~01329398 0.~~15737625~~14302125 7.~~57662795~~98341704 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~679~~621.~~10369099~~05552721 0.~~66515417~~63306353 2021.~~27034220~~03929636 0.00000000 B-2 5,864,400.00 ~~679~~621.~~10369177~~05552657 0.~~66515415~~63306391 2021.~~27034309~~03929643 0.00000000 B-3 3,449,500.00 ~~679~~621.~~10369039~~05552689 0.~~66515437~~63306276 2021.~~27034353~~03929555 0.00000000 B-4 1,724,800.00 ~~679~~621.~~10369318~~05552528 0.~~66515538~~63306470 2021.~~27034439~~03929731 0.00000000 B-5 1,379,800.00 ~~679~~621.~~10368894~~05552979 0.~~66515437~~63306276 2021.~~27034353~~03929555 0.00000000 B-6 1,380,114.00 ~~679~~621.~~10342189~~05528239 0.~~66515520~~63306365 2021.~~27033274~~03929096 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

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 2810.~~37452262~~06918170 ~~189~~138.~~82431397~~16512768 0.~~18982431~~13816513 2810.~~37452262~~06918170 II-A 0.00000000 029.~~19166207~~96646222 ~~157~~121.~~83353559~~65457812 0.~~15783354~~12165458 029.~~19166207~~96646222 III-A 0.00000000 1830.~~62912819~~34452641 ~~358~~308.~~02306851~~88784658 0.~~35802307~~30888785 1830.~~62912819~~34452641 IV-A 0.00000000 017.~~21346040~~89893582 8155.~~12274245~~86606197 0.~~08112274~~05586606 017.~~21346040~~89893582 V-A-1 0.00000000 94.~~17400971~~87274157 ~~164~~142.~~06949871~~03107486 0.~~16406950~~14203107 94.~~17400971~~87274157 V-A-2 0.00000000 94.~~17400976~~87274164 ~~164~~142.~~06949879~~03107489 0.~~16406950~~14203107 94.~~17400976~~87274164 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 254.~~23557064~~97194202 ~~265~~239.~~77255712~~54466634 0.~~26577256~~23954467 254.~~23557064~~97194202 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 78.~~73400420~~12643829 ~~147~~121.~~51343221~~88685568 0.~~14751343~~12188686 78.~~73400420~~12643829 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2021.~~93549636~~67235873 ~~658~~599.~~16819463~~38316732 0.~~65816819~~59938317 2021.~~93549636~~67235873 B-2 0.00000000 2021.~~93549724~~67235864 ~~658~~599.~~16819453~~38316793 0.~~65816819~~59938317 2021.~~93549724~~67235864 B-3 0.00000000 2021.~~93549500~~67235831 ~~658~~599.~~16819539~~38316858 0.~~65816820~~59938317 2021.~~93549500~~67235831 B-4 0.00000000 2021.~~93549397~~67236201 ~~658~~599.~~16819341~~38316906 0.~~65816819~~59938317 2021.~~93549397~~67236201 B-5 0.00000000 2021.~~93549790~~67235831 ~~658~~599.~~16819104~~38316423 0.~~65816819~~59938316 2021.~~93549790~~67235831 B-6 0.00000000 2021.~~93548794~~67234736 ~~658~~599.~~16793395~~38293503 0.~~65816793~~59938294 2021.~~93548794~~67234736 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 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 129,498,400.00 5.~~60767~~54755% 2819,~~256~~196,~~400~~105.2289 ~~132~~88,~~043~~742.8173 0.00 0.00 II-A 59,280,900.00 5.~~77593~~80395% 98,~~367~~988,~~875~~231.9473 4543,~~090~~472.1968 0.00 0.00 III-A 30,541,200.00 6.~~02319~~01607% 1110,~~503~~360,~~410~~563.0775 5751,~~739~~941.3553 0.00 0.00 IV-A 46,458,500.00 6.~~56357~~52951% 3,~~778~~427,~~757~~011.9915 2018,~~668~~647.4525 0.00 0.00 V-A-1 70,000,000.00 5.~~30361~~30200% 1210,~~127~~283,~~045~~267.6016 5345,~~597~~434.6491 0.00 0.00 V-A-2 146,840,100.00 5.~~79861~~79700% 2521,~~439~~571,~~094~~371.11 ~~122~~104,~~926~~207.2571 0.00 0.00 V-X 0.00 0.49500% 1210,~~127~~283,~~045~~267.6016 54,~~002~~241.4185 0.00 0.00 VI-A 73,744,800.00 5.~~63888~~58627% 2118,~~460~~031,~~336~~828.1838 ~~100~~83,~~843~~942.5023 0.00 0.00 VI-X 0.00 0.47900% 2118,~~460~~031,~~336~~828.1838 87,~~566~~197.2570 0.00 0.00 VII-A 111,119,500.00 5.~~65038~~65870% 1714,~~251~~447,~~017~~012.5222 8168,~~228~~126.9505 0.00 0.00 VII-X 0.00 0.64700% 1714,~~251~~447,~~017~~012.5222 97,~~301~~789.1735 0.00 0.00 B-1 8,623,700.00 5.~~93732~~92737% 5,~~856~~355,~~386~~796.5055 2826,~~976~~454.0180 0.00 0.00 B-2 5,864,400.00 5.~~93732~~92737% 3,~~982~~642,~~535~~118.6903 1917,~~704~~990.6414 0.00 0.00 B-3 3,449,500.00 5.~~93732~~92737% 2,~~342~~142,~~568~~331.1804 1110,~~590~~581.4798 0.00 0.00 B-4 1,724,800.00 5.~~93732~~92737% 1,~~171~~071,~~318~~196.0557 5,~~795~~291.4014 0.00 0.00 B-5 1,379,800.00 5.~~93732~~92737% ~~937~~856,~~027~~932.2742 4,~~636~~232.1979 0.00 0.00 B-6 1,380,114.00 5.~~93732~~92737% ~~937~~857,~~240~~127.1409 4,~~637~~233.2475 0.00 0.00 R-I 50.00 5.~~64012~~64053% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64012~~64053% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~712~~592,~~347~~528.9259 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 ~~132~~88,~~043~~742.8073 0.00 2417,~~581~~892,~~944~~162.9497 II-A 0.00 0.00 4543,~~090~~472.1868 0.00 97,~~356~~211,~~514~~792.0488 III-A 0.00 0.00 5751,~~739~~941.3553 0.00 109,~~934~~433,~~454~~805.1450 IV-A 0.00 0.00 2018,~~668~~647.4525 0.00 32,~~768~~595,~~840~~453.9344 V-A-1 0.00 0.00 5345,~~597~~434.6491 0.00 119,~~484~~942,~~864~~175.9124 V-A-2 0.00 0.00 ~~122~~104,~~926~~207.2471 0.00 2420,~~091~~855,~~981~~857.6124 V-X 0.00 0.00 54,~~002~~241.4185 0.00 119,~~484~~942,~~864~~175.9124 VI-A 0.00 0.00 ~~100~~83,~~843~~942.4922 0.00 1917,~~599~~665,~~344~~173.0751 VI-X 0.00 0.00 87,~~566~~197.2570 0.00 1917,~~599~~665,~~344~~173.0751 VII-A 0.00 0.00 8168,~~228~~126.9505 0.00 1613,~~391~~544,~~618~~006.8346 VII-X 0.00 0.00 97,~~301~~789.1735 0.00 1613,~~391~~544,~~618~~006.8346 B-1 0.00 0.00 2826,~~976~~454.0180 0.00 5,~~675~~168,~~845~~900.0662 B-2 0.00 0.00 1917,~~704~~990.6414 0.00 3,~~859~~515,~~761~~022.5665 B-3 0.00 0.00 1110,~~590~~581.4798 0.00 2,~~270~~067,~~351~~572.1924 B-4 0.00 0.00 5,~~795~~291.4014 0.00 1,~~135~~033,~~208~~816.5009 B-5 0.00 0.00 4,~~636~~232.1979 0.00 ~~908~~827,~~140~~028.4789 B-6 0.00 0.00 4,~~637~~233.2475 0.00 ~~908~~827,~~346~~216.78 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~712~~592,~~347~~528.8858 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 129,498,400.00 5.~~60767~~54755% ~~218~~148.~~19883659~~23430938 10.~~01965592~~68528051 0.00000000 0.00000000 II-A 59,280,900.00 5.~~77593~~80395% ~~158~~151.~~02519766~~62104034 0.~~76061919~~73333367 0.00000000 0.00000000 III-A 30,541,200.00 6.~~02319~~01607% ~~376~~339.~~65219670~~23237299 1.~~89053966~~70070364 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~56357~~52951% 8173.~~33620306~~76499779 0.~~44487984~~40137434 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~30361~~30200% ~~173~~146.~~24350857~~90381657 0.~~76568057~~64907014 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~79861~~79700% ~~173~~146.~~24350848~~90381653 0.~~83714360~~70966793 0.00000000 0.00000000 V-X 0.00 0.49500% ~~173~~146.~~24350857~~90381657 0.~~07146300~~06059786 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~63888~~58627% ~~291~~244.~~00812776~~51660836 1.~~36746591~~13827999 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~291~~244.~~00812776~~51660836 0.~~11616073~~09760281 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~65038~~65870% ~~155~~130.~~24743650~~01329398 0.~~73100536~~61308816 0.00000000 0.00000000 VII-X 0.00 0.64700% ~~155~~130.~~24743650~~01329398 0.~~08370421~~07009886 0.00000000 0.00000000 B-1 8,623,700.00 5.~~93732~~92737% ~~679~~621.~~10369099~~05552721 3.~~36004383~~06768556 0.00000000 0.00000000 B-2 5,864,400.00 5.~~93732~~92737% ~~679~~621.~~10369177~~05552657 3.~~36004365~~06768638 0.00000000 0.00000000 B-3 3,449,500.00 5.~~93732~~92737% ~~679~~621.~~10369039~~05552689 3.~~36004348~~06768517 0.00000000 0.00000000 B-4 1,724,800.00 5.~~93732~~92737% ~~679~~621.~~10369318~~05552528 3.~~36004174~~06768321 0.00000000 0.00000000 B-5 1,379,800.00 5.~~93732~~92737% ~~679~~621.~~10368894~~05552979 3.~~36004493~~06768372 0.00000000 0.00000000 B-6 1,380,114.00 5.~~93732~~92737% ~~679~~621.~~10342189~~05528239 3.~~36004127~~06768137 0.00000000 0.00000000 R-I 50.00 5.~~64012~~64053% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64012~~64053% 0.00000000 0.00000000 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 0.00000000 0.00000000 10.~~01965584~~68528051 0.00000000 ~~189~~138.~~82431397~~16512768 II-A 0.00000000 0.00000000 0.~~76061902~~73333367 0.00000000 ~~157~~121.~~83353559~~65457812 III-A 0.00000000 0.00000000 1.~~89053966~~70070364 0.00000000 ~~358~~308.~~02306851~~88784658 IV-A 0.00000000 0.00000000 0.~~44487984~~40137434 0.00000000 8155.~~12274245~~86606197 V-A-1 0.00000000 0.00000000 0.~~76568057~~64907014 0.00000000 ~~164~~142.~~06949871~~03107486 V-A-2 0.00000000 0.00000000 0.~~83714353~~70966793 0.00000000 ~~164~~142.~~06949879~~03107489 V-X 0.00000000 0.00000000 0.~~07146300~~06059786 0.00000000 ~~164~~142.~~06949871~~03107486 VI-A 0.00000000 0.00000000 1.~~36746577~~13827985 0.00000000 ~~265~~239.~~77255712~~54466634 VI-X 0.00000000 0.00000000 0.~~11616073~~09760281 0.00000000 ~~265~~239.~~77255712~~54466634 VII-A 0.00000000 0.00000000 0.~~73100536~~61308816 0.00000000 ~~147~~121.~~51343221~~88685568 VII-X 0.00000000 0.00000000 0.~~08370421~~07009886 0.00000000 ~~147~~121.~~51343221~~88685568 B-1 0.00000000 0.00000000 3.~~36004383~~06768556 0.00000000 ~~658~~599.~~16819463~~38316732 B-2 0.00000000 0.00000000 3.~~36004365~~06768638 0.00000000 ~~658~~599.~~16819453~~38316793 B-3 0.00000000 0.00000000 3.~~36004348~~06768517 0.00000000 ~~658~~599.~~16819539~~38316858 B-4 0.00000000 0.00000000 3.~~36004174~~06768321 0.00000000 ~~658~~599.~~16819341~~38316906 B-5 0.00000000 0.00000000 3.~~36004493~~06768372 0.00000000 ~~658~~599.~~16819104~~38316423 B-6 0.00000000 0.00000000 3.~~36004127~~06768137 0.00000000 ~~658~~599.~~16793395~~38293503 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 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 108,~~185~~263,~~785~~259.9612 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2431,~~738~~090.9311 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 108,~~210~~294,~~524~~349.8923 Withdrawals Reimbursement for Servicer Advances 1619,~~201~~407.5195 Payment of Service Fee 3831,~~179~~504.0611 Payment of Interest and Principal 108,~~156~~243,~~144~~437.3217 Total Withdrawals (Pool Distribution Amount) 108,~~210~~294,~~524~~349.8923 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 3831,~~179~~504.0611 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3831,~~179~~504.0611

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 78 0 0 0 78 23,~~941~~939,~~711~~192.9997 0.00 0.00 0.00 23,~~941~~939,~~711~~192.9997 60 Days 12 0 0 0 12 ~~516~~819,~~383~~790.3860 0.00 0.00 0.00 ~~516~~819,~~383~~790.3860 90 Days 0 0 10 0 10 0.00 0.00 ~~360,968~~0.1300 0.00 ~~360,968~~0.1300 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 1 0 1 0.00 0.00 496,117.44 0.00 496,117.44 Totals 810 0 21 0 1011 34,~~458~~758,~~095~~983.3757 0.00 ~~857~~496,~~085~~117.5744 0.00 45,~~315~~255,~~180~~101.9401 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 12.~~955307~~614379% 0.000000% 0.000000% 0.000000% 12.~~955307~~614379% 23.~~177805~~496209% 0.000000% 0.000000% 0.000000% 23.~~177805~~496209% 60 Days 0.~~279330~~653595% 0.000000% 0.000000% 0.000000% 0.~~279330~~653595% 0.~~382288~~727601% 0.000000% 0.000000% 0.000000% 0.~~382288~~727601% 90 Days 0.000000% 0.000000% 0.~~279330~~000000% 0.000000% 0.~~279330~~000000% 0.000000% 0.000000% 0.~~267232~~000000% 0.000000% 0.~~267232~~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.~~279330~~326797% 0.000000% 0.~~279330~~326797% 0.000000% 0.000000% 0.~~367285~~440326% 0.000000% 0.~~367285~~440326% Totals 23.~~234637~~267974% 0.000000% 0.~~558659~~326797% 0.000000% 23.~~793296~~594771% 24.~~560094~~223809% 0.000000% 0.~~634517~~440326% 0.000000% 34.~~194610~~664136%

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 1 0 0 0 1 ~~371~~820,~~484~~373.7211 0.00 0.00 0.00 ~~371~~820,~~484~~373.7211 60 Days 01 0 0 0 01 0370,676.0050 0.00 0.00 0.00 0370,676.0050 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 1 0 1 0.00 0.00 496,117.44 0.00 496,117.44 Totals 12 0 1 0 23 ~~371~~1,~~484~~191,049.7261 0.00 496,117.44 0.00 ~~867~~1,~~602~~687,167.1605 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~923077~~564103% 0.000000% 0.000000% 0.000000% 12.~~923077~~564103% 14.~~355266~~034538% 0.000000% 0.000000% 0.000000% 14.~~355266~~034538% 60 Days 02.~~000000~~564103% 0.000000% 0.000000% 0.000000% 02.~~000000~~564103% 01.~~000000~~822962% 0.000000% 0.000000% 0.000000% 01.~~000000~~822962% 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% 12.~~923077~~564103% 0.000000% 12.~~923077~~564103% 0.000000% 0.000000% 12.~~809956~~439871% 0.000000% 12.~~809956~~439871% Totals 15.~~923077~~128205% 0.000000% 12.~~923077~~564103% 0.000000% 37.~~846154~~692308% 15.~~355266~~857500% 0.000000% 12.~~809956~~439871% 0.000000% 38.~~165222~~297371% 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 10 0 0 0 10 ~~503,750~~0.5600 0.00 0.00 0.00 ~~503,750~~0.5600 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~503,750~~0.5600 0.00 0.00 0.00 ~~503,750~~0.5600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 40.000000% 0.000000% 0.000000% 0.000000% 40.000000% 40.~~726335~~000000% 0.000000% 0.000000% 0.000000% 40.~~726335~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 40.000000% 0.000000% 0.000000% 0.000000% 40.000000% 40.~~726335~~000000% 0.000000% 0.000000% 0.000000% 40.~~726335~~000000% 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 02 0 0 0 02 0611,240.0044 0.00 0.00 0.00 0611,240.0044 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 0611,240.0044 0.00 0.00 0.00 0611,240.0044 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~000000~~166667% 0.000000% 0.000000% 0.000000% 04.~~000000~~166667% 05.~~000000~~990776% 0.000000% 0.000000% 0.000000% 05.~~000000~~990776% 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 04.~~000000~~166667% 0.000000% 0.000000% 0.000000% 04.~~000000~~166667% 05.~~000000~~990776% 0.000000% 0.000000% 0.000000% 05.~~000000~~990776% 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 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 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 32 0 0 0 32 1811,~~296,620~~730.3531 0.00 0.00 0.00 1811,~~296,620~~730.3531 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 10 0 10 0.00 0.00 ~~360,968~~0.1300 0.00 ~~360,968~~0.1300 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 32 0 10 0 42 1811,~~296,620~~730.3531 0.00 ~~360,968~~0.1300 0.00 1811,~~657,588~~730.4831 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~912621~~222222% 0.000000% 0.000000% 0.000000% 2.~~912621~~222222% 32.~~211150~~301122% 0.000000% 0.000000% 0.000000% 32.~~211150~~301122% 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.~~970874~~000000% 0.000000% 0.~~970874~~000000% 0.000000% 0.000000% 0.~~893957~~000000% 0.000000% 0.~~893957~~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 2.~~912621~~222222% 0.000000% 0.~~970874~~000000% 0.000000% 32.~~883495~~222222% 32.~~211150~~301122% 0.000000% 0.~~893957~~000000% 0.000000% 42.~~105107~~301122% 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 02 0 0 0 02 01,299,767.0021 0.00 0.00 0.00 01,299,767.0021 60 Days 10 0 0 0 10 ~~516,383~~0.3800 0.00 0.00 0.00 ~~516,383~~0.3800 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 ~~516~~1,~~383~~299,767.3821 0.00 0.00 0.00 ~~516~~1,~~383~~299,767.3821 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~000000~~225806% 0.000000% 0.000000% 0.000000% 03.~~000000~~225806% 06.~~000000~~709608% 0.000000% 0.000000% 0.000000% 06.~~000000~~709608% 60 Days 10.~~492537~~000000% 0.000000% 0.000000% 0.000000% 10.~~492537~~000000% 20.~~413977~~000000% 0.000000% 0.000000% 0.000000% 20.~~413977~~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 13.~~492537~~225806% 0.000000% 0.000000% 0.000000% 13.~~492537~~225806% 26.~~413977~~709608% 0.000000% 0.000000% 0.000000% 26.~~413977~~709608% 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 21 0 0 0 21 ~~769~~396,~~856~~081.3690 0.00 0.00 0.00 ~~769~~396,~~856~~081.3690 60 Days 01 0 0 0 01 0449,114.0010 0.00 0.00 0.00 0449,114.0010 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 ~~769~~845,~~856~~196.3600 0.00 0.00 0.00 ~~769~~845,~~856~~196.3600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 42.~~347826~~564103% 0.000000% 0.000000% 0.000000% 42.~~347826~~564103% 42.~~100951~~519342% 0.000000% 0.000000% 0.000000% 42.~~100951~~519342% 60 Days 02.~~000000~~564103% 0.000000% 0.000000% 0.000000% 02.~~000000~~564103% 02.~~000000~~856662% 0.000000% 0.000000% 0.000000% 02.~~000000~~856662% 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 45.~~347826~~128205% 0.000000% 0.000000% 0.000000% 45.~~347826~~128205% 45.~~100951~~376005% 0.000000% 0.000000% 0.000000% 45.~~100951~~376005%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2431,~~738~~090.9311

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% ~~110~~94,~~385~~687,~~272~~821.0954 8184.~~78672903~~10715453% 1815.~~213271~~892845% 0.000000% Class 2A 501,126,514.00 72.63694606% ~~101~~87,~~028~~476,~~758~~028.0566 7477.~~85429444~~70122641% 6.~~932435~~405928% 6353.~~401096~~660941% Class 3A 470,585,314.00 68.21008092% 9078,~~094~~042,~~303~~223.9116 6669.~~75273143~~32157923% 8.~~101563~~379647% 7470.~~093446~~194317% Class B-1 13,798,714.00 2.00008664% 98,~~081~~270,~~808~~656.5065 67.~~72889958~~34647165% 4.~~205351~~591314% 38.460349% Class B-2 7,934,314.00 1.15005756% 54,~~222~~755,~~046~~634.9400 34.~~86912248~~22422691% 23.~~859777~~122245% 26.154304% Class B-3 4,484,814.00 0.65006178% 2,~~951~~688,~~695~~061.7576 2.~~18697237~~38769065% 1.~~682150~~836536% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,~~816~~654,~~487~~245.2567 1.~~34587294~~46939589% 0.~~841099~~918295% 7.692337% Class B-5 1,380,214.00 0.20005832% ~~908~~827,~~346~~216.78 0.~~67301290~~73478139% 0.~~672860~~734614% 6.153691% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~673013~~734781% 6.~~155089~~155090% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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 6.~~236591~~228343% Weighted Average Net Coupon 5.~~919337~~913907% Weighted Average Pass-Through Rate 5.~~919337~~913907% Weighted Average Maturity(Stepdown Calculation ) ~~339~~336 Beginning Scheduled Collateral Loan Count ~~380~~325 Number Of Loans Paid In Full 2219 Ending Scheduled Collateral Loan Count ~~358~~306 Beginning Scheduled Collateral Balance ~~144~~120,~~411~~230,~~013~~893.4609 Ending Scheduled Collateral Balance ~~134~~112,~~967~~579,~~217~~984.0551 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~135~~112,~~076~~670,~~909~~418.1797 Monthly P &I Constant ~~882~~737,~~451~~548.8889 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 97,~~611~~688,~~382~~708.1214 Ending Scheduled Balance for Premium Loans ~~134~~112,~~967~~579,~~217~~984.0551 Scheduled Principal ~~131~~113,~~924~~516.9119 Unscheduled Principal 97,~~311~~537,~~871~~392.5039

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 9088.~~453977~~501289% Senior Prepayment Percentage Grp 1 9594.~~226988~~250645% Subordinate Percentage Group 1 911.~~546023~~498711% Subordinate Prepayment Pct Group 1 45.~~773012~~749355% Average Loss Severity Group 2 0 Senior Percentage Group 2 87.~~879651~~661042% Senior Prepayment Percentage Grp 2 93.~~939826~~830521% Subordinate Percentage Group 2 12.~~120349~~338958% Subordinate Prepayment Pct Group 2 6.~~060174~~169479% Average Loss Severity Group 3 0 Senior Percentage Group 3 9392.~~192571~~842069% Senior Prepayment Percentage Grp 3 96.~~596285~~421034% Subordinate Percentage Group 3 67.~~807429~~157931% Subordinate Prepayment Pct Group 3 3.~~403715~~578966% Average Loss Severity Group 4 0 Senior Percentage Group 4 8079.~~116885~~258946% Senior Prepayment Percentage Grp 4 9089.~~058443~~629473% Subordinate Percentage Group 4 1920.~~883115~~741054% Subordinate Prepayment Pct Group 4 910.~~941557~~370527% Average Loss Severity Group 5 0 Senior Percentage Group 5 8887.~~494532~~579844% Senior Prepayment Percentage Grp 5 9493.~~247266~~789922% Subordinate Percentage Group 5 1112.~~505468~~420156% Subordinate Prepayment Pct Group 5 56.~~752734~~210078% Average Loss Severity Group 6 0 Senior Percentage Group 6 91.~~988843~~281019% Senior Prepayment Percentage Grp 6 95.~~994422~~640510% Subordinate Percentage Group 6 8.~~011157~~718981% Subordinate Prepayment Pct Group 6 4.~~005578~~359490% Average Loss Severity Group 7 0 Senior Percentage Group 7 8786.~~689161~~624008% Senior Prepayment Percentage Grp 7 93.~~844581~~312004% Subordinate Percentage Group 7 1213.~~310839~~375992% Subordinate Prepayment Pct Group 7 6.~~155419~~687996%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~978835~~918945 6.~~030267~~058437 6.~~343480~~334671 Weighted Average Net Rate 5.~~607670~~547546 5.~~775932~~803946 6.~~023190~~016066 Weighted Average Maturity ~~340~~337 ~~338~~335 ~~340~~337 Beginning Loan Count 6042 2524 5751 Loans Paid In Full 83 04 3 Ending Loan Count 5239 2520 5448 Beginning Scheduled Balance 3121,~~238~~690,~~427~~199.8013 10,~~659~~253,~~892~~393.0667 1211,~~343~~159,~~698~~341.5975 Ending scheduled Balance 2720,~~377~~305,~~988~~141.5773 108,~~647~~359,~~014~~372.3451 1110,~~754~~197,~~487~~978.7505 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~191~~132,~~776~~773.3625 6563,~~703~~616.4209 7164,~~123~~457.2732 Scheduled Principal 3625,~~135~~787.1933 1211,~~135~~849.0981 5,~~871~~548.6035 Unscheduled Principal 31,~~824~~359,~~304~~270.0407 ~~742~~1,882,171.6335 ~~583~~955,~~339~~815.2435 Scheduled Interest ~~155~~106,~~641~~985.1792 5351,~~568~~766.3328 6558,~~251~~908.6797 Servicing Fees 96,~~662~~713.1811 2,~~259~~174.3249 32,~~294~~962.6486 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 ~~145~~100,~~978~~272.9981 5149,~~309~~591.0179 6155,~~957~~946.0311 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 5.~~607670~~547546 5.~~775933~~803947 6.~~023190~~016067

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~813570~~779508 6.~~066521~~064213 6.~~486481~~432743 Weighted Average Net Rate 6.~~563569~~529507 5.~~798615~~797001 6.~~117877~~065271 Weighted Average Maturity ~~327~~324 ~~339~~336 ~~341~~338 Beginning Loan Count 1110 ~~109~~92 7064 Loans Paid In Full 02 62 32 Ending Loan Count 118 ~~103~~90 6762 Beginning Scheduled Balance 4,~~716~~323,~~556~~816.3018 4236,~~450~~372,~~238~~111.3808 2319,~~329~~754,~~281~~192.4963 Ending scheduled Balance 43,~~704~~395,~~847~~337.34 40 35,~~336~~242,~~454~~592.3286 2119,~~390~~370,~~582~~765.0159 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant 3330,~~095~~530.9394 ~~264~~228,~~849~~387.9927 ~~127~~107,~~383~~195.4438 Scheduled Principal 6,~~315~~103.4415 5044,~~245~~580.5940 1,~~279~~300.3268 Unscheduled Principal 5922,~~393~~375.5263 21,~~063~~084,~~538~~937.4782 1382,~~937,420~~126.1636 Scheduled Interest 2624,~~780~~427.4979 ~~214~~183,~~604~~806.4087 ~~126~~105,~~104~~894.1270 Servicing Fees ~~982~~900.6280 98,~~477~~099.2624 76,~~166~~049.0626 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 2523,~~797~~526.8799 ~~205~~175,~~127~~707.1463 ~~118~~99,~~938~~845.0644 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.~~563570~~529508 5.~~798614~~797001 6.~~117877~~065271

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~622919~~636987 6.~~236591~~228343 Weighted Average Net Rate 6.~~297376~~305696 5.~~919337~~913907 Weighted Average Maturity ~~340~~337.00 ~~339~~336.00 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~128~~110,~~519~~588.4764 ~~882~~737,~~451~~548.8889 Beginning Loan Count 4842 ~~380~~325 Loans Paid In Full 23 2219 Ending Loan Count 4639 ~~358~~306 Beginning Scheduled Balance 1916,~~672~~677,~~918~~838.8465 ~~144~~120,~~411~~230,~~013~~893.4609 Ending Scheduled Balance 1815,~~755~~708,~~842~~796.7237 ~~134~~112,~~967~~579,~~217~~984.0551 Scheduled Principal 1918,~~942~~346.6847 ~~131~~113,~~924~~516.9119 Unscheduled Principal ~~897~~950,~~133~~695.4481 97,~~311~~537,~~871~~392.5039 Scheduled Interest ~~108~~92,~~576~~242.7917 ~~750~~624,~~526~~032.9770 Servicing Fee 54,~~336~~604.9835 3831,~~179~~504.0611 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 ~~103~~87,~~239~~637.8182 ~~712~~592,~~347~~528.9159 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~297377~~305697 5.~~919337~~913907

Filing Compare · BEAR STEARNS ARM TRUST 2002-7