8-K 1 bsl03005.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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-06 54-2135817 Pooling and Servicing Agreement) (Commission 54-2135815 (State or other File Number) 54-2135816 jurisdiction IRS EIN 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 ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-5 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 2003-5 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-5 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: 3/31/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-5 Trust, relating to the March 25, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 BSL Series: 2003-5 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-1 07386HDD0 SEN 3.~~09672~~09437% 5049,~~450~~095,~~000~~729.0082 ~~130~~126,~~191~~600.1014 151,~~490~~157,404.4102 I-X-A-1 07386HDE8 SEN 1.88300% 0.00 7977,~~164~~039.4638 0.00 I-A-2 07386HDF5 SEN 3.~~17972~~17737% 5049,~~400~~047,~~000~~072.0001 ~~133~~129,~~548~~867.0710 151,~~475~~156,256.0694 I-X-A-2 07386HDG3 SEN 1.80000% 0.00 7573,~~600~~570.0061 0.00 I-A-3 07386HDH1 SEN 3.~~83972~~83737% 1514,~~188~~780,~~000~~296.0022 4847,~~598~~264.0151 4348,~~663~~437.4011 I-X-A-3 07386HDJ7 SEN 1.14000% 0.00 14,~~428~~041.6028 0.00 II-A-1 07386HDL2 SEN 5.~~16105~~15181% ~~196~~191,~~200~~685,~~000~~470.0073 ~~843~~822,~~831~~939.5927 ~~196~~1,~~055~~965,896.3953 II-A-2 07386HDM0 SEN 4.~~54105~~53181% ~~116~~113,~~524~~843,~~500~~290.0069 ~~440~~429,~~952~~930.9313 ~~116~~1,~~438~~167,559.6218 II-X-A-2 07386HDN8 SEN 0.62000% 0.00 6058,~~204~~819.3203 0.00 III-A 07386HDP3 SEN 5.~~15506~~17455% 1514,~~301~~679,~~600~~543.0053 6563,~~733~~300.9303 317,~~084~~020.5633 IV-A 07386HDQ1 SEN 5.~~16522~~16590% 1615,~~016~~970,~~400~~827.0021 68,~~940~~753.2108 ~~825~~4,864.3392 M 07386HDS7 SUB 5.~~11526~~10907% 18,~~658~~645,~~700~~303.0086 79,~~536~~383.7745 4,~~462~~478.0579 B-1 07386HDT5 SUB 5.~~11526~~10907% 10,~~224~~216,~~200~~859.0047 43,~~582~~498.8887 2,~~445~~454.0219 B-2 07386HDU2 SUB 5.~~11526~~10907% 7,~~412~~406,~~300~~978.0029 31,~~596~~535.5464 1,~~772~~779.5823 B-3 07386HDV0 SUB 5.~~11526~~10907% 5,~~623~~619,~~300~~262.0071 23,~~970~~924.5433 1,~~344~~349.7680 B-4 07386HDW8 SUB 5.~~11526~~10907% 5,~~623~~619,~~100~~062.0086 23,~~969~~923.6948 1,~~344~~349.7176 B-5 07386HDX6 SUB 5.~~11526~~10907% 1,~~789~~787,~~200~~915.0043 7,~~626~~612.8515 ~~427~~429.8748 B-6 07386HDY4 SUB 5.~~11526~~10907% 1,~~789~~788,~~449~~164.0025 7,~~627~~613.9221 ~~427~~429.9354 R-1 07386HDR9 RES 4.~~97972~~97763% ~~100~~0.00 0.4100 ~~100~~0.00 Totals ~~511~~500,~~200~~185,~~849~~777.0008 2,~~179~~129,~~104~~615.8269 ~~364~~5,~~357~~829,709.6982

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 5047,~~434~~938,~~509~~325.5980 ~~145~~1,~~681~~284,004.5116 0.00 I-X-A-1 0.00 0.00 7977,~~164~~039.4638 0.00 I-A-2 0.00 5047,~~384~~890,~~524~~815.9407 ~~149~~1,~~023~~286,124.1304 0.00 I-X-A-2 0.00 0.00 7573,~~600~~570.0061 0.00 I-A-3 0.00 1514,~~183~~431,~~336~~859.6011 53395,~~261~~701.4162 0.00 I-X-A-3 0.00 0.00 14,~~428~~041.6028 0.00 II-A-1 0.00 ~~196~~189,~~003~~719,~~944~~574.6120 12,~~039~~788,~~886~~835.9880 0.00 II-A-2 0.00 ~~116~~112,~~408~~675,~~061~~731.3852 ~~557~~1,~~391~~597,489.5531 0.00 II-X-A-2 0.00 0.00 6058,~~204~~819.3203 0.00 III-A 0.00 1514,~~298~~662,~~515~~523.4419 6880,~~818~~320.4936 0.00 IV-A 0.00 1615,~~015~~965,~~574~~962.6729 6973,~~765~~618.5400 0.00 M 0.00 18,~~654~~640,~~237~~825.9507 83,~~998~~862.8224 0.00 B-1 0.00 10,~~221~~214,~~754~~405.9827 4645,~~027~~953.9006 0.00 B-2 0.00 7,~~410~~405,~~527~~199.4206 33,~~369~~314.1287 0.00 B-3 0.00 5,~~621~~617,~~955~~912.2491 25,~~315~~274.3013 0.00 B-4 0.00 5,~~621~~617,~~755~~713.2910 25,~~314~~273.4024 0.00 B-5 0.00 1,~~788~~787,~~772~~485.1396 8,~~054~~041.7263 0.00 B-6 0.00 1,~~789~~787,~~021~~734.0772 8,~~055~~042.8575 0.00 R-1 0.00 0.00 ~~100~~0.4100 0.00 Totals 0.00 ~~510~~494,~~836~~356,~~491~~067.3127 27,~~543~~959,~~462~~325.51 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-1 50,450,000.00 5049,~~450~~095,~~000~~729.0082 15,~~465~~082.9319 241,142,321.4884 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 50,400,000.00 5049,~~400~~047,~~000~~072.0001 15,~~450~~067.60 24 1,141,189.4670 0.00 0.00 I-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 15,188,000.00 1514,~~188~~780,~~000~~296.0022 4,~~656~~540.0350 7343,896.3761 0.00 0.00 I-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 196,200,000.00 ~~196~~191,~~200~~685,~~000~~470.0073 4443,~~367~~568.4183 ~~151~~1,~~687~~922,327.9870 0.00 0.00 II-A-2 116,524,500.00 ~~116~~113,~~524~~843,~~500~~290.0069 2625,~~350~~875.1082 901,~~088~~141,683.5136 0.00 0.00 II-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 III-A 15,301,600.00 1514,~~301~~679,~~600~~543.0053 2,~~808~~834.9647 ~~275~~14,185.6086 0.00 0.00 IV-A 16,016,400.00 1615,~~016~~970,~~400~~827.0021 ~~825~~835.1264 04,029.2128 0.00 0.00 M 18,658,700.00 18,~~658~~645,~~700~~303.0086 4,~~462~~478.0579 0.00 0.00 0.00 B-1 10,224,200.00 10,~~224~~216,~~200~~859.0047 2,~~445~~454.0219 0.00 0.00 0.00 B-2 7,412,300.00 7,~~412~~406,~~300~~978.0029 1,~~772~~779.5823 0.00 0.00 0.00 B-3 5,623,300.00 5,~~623~~619,~~300~~262.0071 1,~~344~~349.7680 0.00 0.00 0.00 B-4 5,623,100.00 5,~~623~~619,~~100~~062.0086 1,~~344~~349.7176 0.00 0.00 0.00 B-5 1,789,200.00 1,~~789~~787,~~200~~915.0043 ~~427~~429.8748 0.00 0.00 0.00 B-6 1,789,449.00 1,~~789~~788,~~449~~164.0025 ~~427~~429.9354 0.00 0.00 0.00 R-1 100.00 ~~100~~0.00 990.8400 0.1600 0.00 0.00 Totals 511,200,849.00 ~~511~~500,~~200~~185,~~849~~777.0008 ~~122~~120,~~248~~075.9148 ~~242~~5,~~108~~709,634.7735 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-1 151,~~490~~157,404.4102 5047,~~434~~938,~~509~~325.5980 0.~~99969296~~95021458 151,~~490~~157,404.4102 I-X-A-1 0.00 0.00 0.00000000 0.00 I-A-2 151,~~475~~156,256.0694 5047,~~384~~890,~~524~~815.9407 0.~~99969296~~95021458 151,~~475~~156,256.0694 I-X-A-2 0.00 0.00 0.00000000 0.00 I-A-3 4348,~~663~~437.4011 1514,~~183~~431,~~336~~859.6011 0.~~99969295~~95021458 4348,~~663~~437.4011 I-X-A-3 0.00 0.00 0.00000000 0.00 II-A-1 ~~196~~1,~~055~~965,896.3953 ~~196~~189,~~003~~719,~~944~~574.6120 0.~~99900074~~96697031 ~~196~~1,~~055~~965,896.3953 II-A-2 ~~116~~1,~~438~~167,559.6218 ~~116~~112,~~408~~675,~~061~~731.3852 0.~~99900074~~96697031 ~~116~~1,~~438~~167,559.6218 II-X-A-2 0.00 0.00 0.00000000 0.00 III-A 317,~~084~~020.5633 1514,~~298~~662,~~515~~523.4419 0.~~99979842~~95823464 317,~~084~~020.5633 IV-A ~~825~~4,864.3392 1615,~~015~~965,~~574~~962.6729 0.~~99994847~~99685087 ~~825~~4,864.3392 M 4,~~462~~478.0579 18,~~654~~640,~~237~~825.9507 0.~~99976086~~99904201 4,~~462~~478.0579 B-1 2,~~445~~454.0219 10,~~221~~214,~~754~~405.9827 0.~~99976086~~99904201 2,~~445~~454.0219 B-2 1,~~772~~779.5823 7,~~410~~405,~~527~~199.4206 0.~~99976086~~99904201 1,~~772~~779.5823 B-3 1,~~344~~349.7680 5,~~621~~617,~~955~~912.2491 0.~~99976086~~99904201 1,~~344~~349.7680 B-4 1,~~344~~349.7176 5,~~621~~617,~~755~~713.2910 0.~~99976086~~99904201 1,~~344~~349.7176 B-5 ~~427~~429.8748 1,~~788~~787,~~772~~485.1396 0.~~99976086~~99904201 ~~427~~429.8748 B-6 ~~427~~429.9354 1,~~789~~787,~~021~~734.0772 0.~~99976086~~99904201 ~~427~~429.9354 R-1 ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 Totals ~~364~~5,~~357~~829,709.6982 ~~510~~494,~~836~~356,~~491~~067.3127 0.~~99928725~~96704860 ~~364~~5,~~357~~829,709.6982

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,450,000.00 ~~1000~~973.~~00000000~~15619068 0.~~30655956~~29895322 022.~~00048523~~64265292 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 50,400,000.00 ~~1000~~973.~~00000000~~15619067 0.~~30655952~~29895317 022.~~00048532~~64265278 0.00000000 I-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 15,188,000.00 ~~1000~~973.~~00000000~~15619041 0.~~30655978~~29895312 022.~~00048525~~64265275 0.00000000 I-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 196,200,000.00 ~~1000~~976.~~00000000~~99016682 0.~~22613359~~22206335 09.~~77312936~~79779664 0.00000000 II-A-2 116,524,500.00 ~~1000~~976.~~00000000~~99016679 0.~~22613356~~22206334 09.~~77312934~~79779669 0.00000000 II-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 15,301,600.00 ~~1000~~959.~~00000000~~34696568 0.~~18357296~~18524011 0.~~01801119~~92708344 0.00000000 IV-A 16,016,400.00 ~~1000~~997.~~00000000~~15461714 0.~~05151719~~05217402 0.~~00001311~~25157214 0.00000000 M 18,658,700.00 ~~1000~~999.~~00000000~~28204323 0.~~23914045~~24003762 0.00000000 0.00000000 B-1 10,224,200.00 ~~1000~~999.~~00000000~~28204358 0.~~23914047~~24003736 0.00000000 0.00000000 B-2 7,412,300.00 ~~1000~~999.~~00000000~~28204336 0.~~23914035~~24003751 0.00000000 0.00000000 B-3 5,623,300.00 ~~1000~~999.~~00000000~~28204257 0.~~23914072~~24003699 0.00000000 0.00000000 B-4 5,623,100.00 ~~1000~~999.~~00000000~~28204371 0.~~23914033~~24003841 0.00000000 0.00000000 B-5 1,789,200.00 ~~1000~~999.~~00000000~~28204225 0.~~23914040~~24004024 0.00000000 0.00000000 B-6 1,789,449.00 ~~1000~~999.~~00000000~~28204157 0.~~23914065~~24004037 0.00000000 0.00000000 R-1 100.00 ~~1000~~0.00000000 ~~998~~0.~~40000000~~00000000 10.~~60000000~~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-1 0.00000000 022.~~30704480~~94160595 ~~999~~950.~~69295520~~21458474 0.~~99969296~~95021458 022.~~30704480~~94160595 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 022.~~30704484~~94160595 ~~999~~950.~~69295516~~21458472 0.~~99969296~~95021458 022.~~30704484~~94160595 I-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 022.~~30704504~~94160587 ~~999~~950.~~69295496~~21458454 0.~~99969295~~95021458 022.~~30704504~~94160587 I-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 010.~~99926295~~01985999 ~~999~~966.~~00073705~~97030683 0.~~99900074~~96697031 010.~~99926295~~01985999 II-A-2 0.00000000 010.~~99926299~~01986003 ~~999~~966.~~00073701~~97030685 0.~~99900074~~96697031 010.~~99926299~~01986003 II-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 01.~~20158415~~11232355 ~~999~~958.~~79841585~~23464148 0.~~99979842~~95823464 01.~~20158415~~11232355 IV-A 0.00000000 0.~~05153031~~30374616 ~~999~~996.~~94846969~~85087098 0.~~99994847~~99685087 0.~~05153031~~30374616 M 0.00000000 0.~~23914045~~24003762 999.~~76085955~~04200561 0.~~99976086~~99904201 0.~~23914045~~24003762 B-1 0.00000000 0.~~23914047~~24003736 999.~~76085953~~04200524 0.~~99976086~~99904201 0.~~23914047~~24003736 B-2 0.00000000 0.~~23914035~~24003751 999.~~76085965~~04200586 0.~~99976086~~99904201 0.~~23914035~~24003751 B-3 0.00000000 0.~~23914072~~24003699 999.~~76085928~~04200558 0.~~99976086~~99904201 0.~~23914072~~24003699 B-4 0.00000000 0.~~23914033~~24003841 999.~~76085967~~04200530 0.~~99976086~~99904201 0.~~23914033~~24003841 B-5 0.00000000 0.~~23914040~~24004024 999.~~76085960~~04200760 0.~~99976086~~99904201 0.~~23914040~~24004024 B-6 0.00000000 0.~~23914065~~24004037 999.~~76085935~~04200679 0.~~99976086~~99904201 0.~~23914065~~24004037 R-1 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 50,450,000.00 3.~~09672~~09437% 5049,~~450~~095,~~000~~729.0082 ~~130~~126,~~191~~600.1114 0.00 0.00 I-X-A-1 0.00 1.88300% 5049,~~450~~095,~~000~~729.0082 7977,~~164~~039.4638 0.00 0.00 I-A-2 50,400,000.00 3.~~17972~~17737% 5049,~~400~~047,~~000~~072.0001 ~~133~~129,~~548~~867.0810 0.00 0.00 I-X-A-2 0.00 1.80000% 5049,~~400~~047,~~000~~072.0001 7573,~~600~~570.0061 0.00 0.00 I-A-3 15,188,000.00 3.~~83972~~83737% 1514,~~188~~780,~~000~~296.0022 4847,~~598~~264.0151 0.00 0.00 I-X-A-3 0.00 1.14000% 1514,~~188~~780,~~000~~296.0022 14,~~428~~041.6028 0.00 0.00 II-A-1 196,200,000.00 5.~~16105~~15181% ~~196~~191,~~200~~685,~~000~~470.0073 ~~843~~822,~~831~~939.6027 0.00 0.00 II-A-2 116,524,500.00 4.~~54105~~53181% ~~116~~113,~~524~~843,~~500~~290.0069 ~~440~~429,~~952~~930.9414 0.00 0.00 II-X-A-2 0.00 0.62000% ~~116~~113,~~524~~843,~~500~~290.0069 6058,~~204~~819.3303 0.00 0.00 III-A 15,301,600.00 5.~~15506~~17455% 1514,~~301~~679,~~600~~543.0053 6563,~~733~~300.9303 0.00 0.00 IV-A 16,016,400.00 5.~~16522~~16590% 1615,~~016~~970,~~400~~827.0021 68,~~940~~753.2108 0.00 0.00 M 18,658,700.00 5.~~11526~~10907% 18,~~658~~645,~~700~~303.0086 79,~~536~~383.7746 0.00 0.00 B-1 10,224,200.00 5.~~11526~~10907% 10,~~224~~216,~~200~~859.0047 43,~~582~~498.8887 0.00 0.00 B-2 7,412,300.00 5.~~11526~~10907% 7,~~412~~406,~~300~~978.0029 31,~~596~~535.5464 0.00 0.00 B-3 5,623,300.00 5.~~11526~~10907% 5,~~623~~619,~~300~~262.0071 23,~~970~~924.5433 0.00 0.00 B-4 5,623,100.00 5.~~11526~~10907% 5,~~623~~619,~~100~~062.0086 23,~~969~~923.6948 0.00 0.00 B-5 1,789,200.00 5.~~11526~~10907% 1,~~789~~787,~~200~~915.0043 7,~~626~~612.8515 0.00 0.00 B-6 1,789,449.00 5.~~11526~~10907% 1,~~789~~788,~~449~~164.0025 7,~~627~~613.9221 0.00 0.00 R-1 100.00 4.~~97972~~97763% ~~100~~0.00 0.4100 0.00 0.00 Totals 511,200,849.00 2,~~179~~129,~~104~~615.8771 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-1 0.00 0.00 ~~130~~126,~~191~~600.1014 0.00 5047,~~434~~938,~~509~~325.5980 I-X-A-1 0.00 0.00 7977,~~164~~039.4638 0.00 5047,~~434~~938,~~509~~325.5980 I-A-2 0.00 0.00 ~~133~~129,~~548~~867.0710 0.00 5047,~~384~~890,~~524~~815.9407 I-X-A-2 0.00 0.00 7573,~~600~~570.0061 0.00 5047,~~384~~890,~~524~~815.9407 I-A-3 0.00 0.00 4847,~~598~~264.0151 0.00 1514,~~183~~431,~~336~~859.6011 I-X-A-3 0.00 0.00 14,~~428~~041.6028 0.00 1514,~~183~~431,~~336~~859.6011 II-A-1 0.00 0.00 ~~843~~822,~~831~~939.5927 0.00 ~~196~~189,~~003~~719,~~944~~574.6120 II-A-2 0.00 0.00 ~~440~~429,~~952~~930.9313 0.00 ~~116~~112,~~408~~675,~~061~~731.3852 II-X-A-2 0.00 0.00 6058,~~204~~819.3203 0.00 ~~116~~112,~~408~~675,~~061~~731.3852 III-A 0.00 0.00 6563,~~733~~300.9303 0.00 1514,~~298~~662,~~515~~523.4419 IV-A 0.00 0.00 68,~~940~~753.2108 0.00 1615,~~015~~965,~~574~~962.6729 M 0.00 0.00 79,~~536~~383.7745 0.00 18,~~654~~640,~~237~~825.9507 B-1 0.00 0.00 43,~~582~~498.8887 0.00 10,~~221~~214,~~754~~405.9827 B-2 0.00 0.00 31,~~596~~535.5464 0.00 7,~~410~~405,~~527~~199.4206 B-3 0.00 0.00 23,~~970~~924.5433 0.00 5,~~621~~617,~~955~~912.2491 B-4 0.00 0.00 23,~~969~~923.6948 0.00 5,~~621~~617,~~755~~713.2910 B-5 0.00 0.00 7,~~626~~612.8515 0.00 1,~~788~~787,~~772~~485.1396 B-6 0.00 0.00 7,~~627~~613.9221 0.00 1,~~789~~787,~~021~~734.0772 R-1 0.00 0.00 0.4100 0.00 0.00 Totals 0.00 0.00 2,~~179~~129,~~104~~615.8269 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-1 50,450,000.00 3.~~09672~~09437% ~~1000~~973.~~00000000~~15619068 2.~~58059683~~50941804 0.00000000 0.00000000 I-X-A-1 0.00 1.88300% ~~1000~~973.~~00000000~~15619068 1.~~56916670~~52704420 0.00000000 0.00000000 I-A-2 50,400,000.00 3.~~17972~~17737% ~~1000~~973.~~00000000~~15619067 2.~~64976349~~57672817 0.00000000 0.00000000 I-X-A-2 0.00 1.80000% ~~1000~~973.~~00000000~~15619067 1.~~50000000~~45973433 0.00000000 0.00000000 I-A-3 15,188,000.00 3.~~83972~~83737% ~~1000~~973.~~00000000~~15619041 3.~~19976363~~11196405 0.00000000 0.00000000 I-X-A-3 0.00 1.14000% ~~1000~~973.~~00000000~~15619041 0.~~95000000~~92449829 0.00000000 0.00000000 II-A-1 196,200,000.00 5.~~16105~~15181% ~~1000~~976.~~00000000~~99016682 4.~~30087462~~19438976 0.00000000 0.00000000 II-A-2 116,524,500.00 4.~~54105~~53181% ~~1000~~976.~~00000000~~99016679 3.~~78420796~~68961154 0.00000000 0.00000000 II-X-A-2 0.00 0.62000% ~~1000~~976.~~00000000~~99016679 0.~~51666671~~50477822 0.00000000 0.00000000 III-A 15,301,600.00 5.~~15506~~17455% ~~1000~~959.~~00000000~~34696568 4.~~29588605~~13682425 0.00000000 0.00000000 IV-A 16,016,400.00 5.~~16522~~16590% ~~1000~~997.~~00000000~~15461714 4.~~30435117~~29266752 0.00000000 0.00000000 M 18,658,700.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204323 4.~~26271766~~25450112 0.00000000 0.00000000 B-1 10,224,200.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204358 4.~~26271787~~25450109 0.00000000 0.00000000 B-2 7,412,300.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204336 4.~~26271738~~25450130 0.00000000 0.00000000 B-3 5,623,300.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204257 4.~~26271762~~25450003 0.00000000 0.00000000 B-4 5,623,100.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204371 4.~~26271807~~25450019 0.00000000 0.00000000 B-5 1,789,200.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204225 4.~~26271518~~25449922 0.00000000 0.00000000 B-6 1,789,449.00 5.~~11526~~10907% ~~1000~~999.~~00000000~~28204157 4.~~26271998~~25449957 0.00000000 0.00000000 R-1 100.00 4.~~97972~~97763% ~~1000~~0.00000000 40.~~10000000~~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-1 0.00000000 0.00000000 2.~~58059663~~50941804 0.00000000 ~~999~~950.~~69295520~~21458474 I-X-A-1 0.00000000 0.00000000 1.~~56916670~~52704420 0.00000000 ~~999~~950.~~69295520~~21458474 I-A-2 0.00000000 0.00000000 2.~~64976329~~57672817 0.00000000 ~~999~~950.~~69295516~~21458472 I-X-A-2 0.00000000 0.00000000 1.~~50000000~~45973433 0.00000000 ~~999~~950.~~69295516~~21458472 I-A-3 0.00000000 0.00000000 3.~~19976363~~11196405 0.00000000 ~~999~~950.~~69295496~~21458454 I-X-A-3 0.00000000 0.00000000 0.~~95000000~~92449829 0.00000000 ~~999~~950.~~69295496~~21458454 II-A-1 0.00000000 0.00000000 4.~~30087457~~19438976 0.00000000 ~~999~~966.~~00073705~~97030683 II-A-2 0.00000000 0.00000000 3.~~78420787~~68961146 0.00000000 ~~999~~966.~~00073701~~97030685 II-X-A-2 0.00000000 0.00000000 0.~~51666662~~50477822 0.00000000 ~~999~~966.~~00073701~~97030685 III-A 0.00000000 0.00000000 4.~~29588605~~13682425 0.00000000 ~~999~~958.~~79841585~~23464148 IV-A 0.00000000 0.00000000 4.~~30435117~~29266752 0.00000000 ~~999~~996.~~94846969~~85087098 M 0.00000000 0.00000000 4.~~26271766~~25450058 0.00000000 999.~~76085955~~04200561 B-1 0.00000000 0.00000000 4.~~26271787~~25450109 0.00000000 999.~~76085953~~04200524 B-2 0.00000000 0.00000000 4.~~26271738~~25450130 0.00000000 999.~~76085965~~04200586 B-3 0.00000000 0.00000000 4.~~26271762~~25450003 0.00000000 999.~~76085928~~04200558 B-4 0.00000000 0.00000000 4.~~26271807~~25450019 0.00000000 999.~~76085967~~04200530 B-5 0.00000000 0.00000000 4.~~26271518~~25449922 0.00000000 999.~~76085960~~04200760 B-6 0.00000000 0.00000000 4.~~26271998~~25449957 0.00000000 999.~~76085935~~04200679 R-1 0.00000000 0.00000000 40.~~10000000~~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 28,~~701~~119,~~573~~937.2909 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 156,~~639~~442.4947 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 28,~~703~~176,~~212~~379.7856 Withdrawals Reimbursement for Servicer Advances 060,745.0098 Payment of Service Fee ~~159~~156,~~750~~308.2707 Payment of Interest and Principal 27,~~543~~959,~~462~~325.51 Total Withdrawals (Pool Distribution Amount) 28,~~703~~176,~~212~~379.7856 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2120,~~300~~841.0508 Additional Servicing Fee ~~133~~135,~~845~~466.5699 ~~Supplemental Pool Insurance Fee 4,604.66~~ Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~159~~156,~~750~~308.2707

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 01 0 0 01 0322,292.0031 0.00 0.00 0322,292.0031 30 Days 134 0 0 0 134 ~~369~~9,~~461~~240,151.0663 0.00 0.00 0.00 ~~369~~9,~~461~~240,151.0663 60 Days 04 0 0 0 04 01,485,467.0069 0.00 0.00 0.00 01,485,467.0069 90 Days 01 01 0 0 02 0359,997.0050 0206,050.00 0.00 0.00 0566,047.0050 120 Days 01 0 0 0 01 0238,000.00 0.00 0.00 0.00 0238,000.00 150 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 140 02 0 0 142 ~~369~~11,~~461~~323,616.0682 0528,342.0031 0.00 0.00 ~~369~~11,~~461~~851,959.0613 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~~059988% 0.000000% 0.000000% 0.~~000000~~059988% 0.~~000000~~065203% 0.000000% 0.000000% 0.~~000000~~065203% 30 Days 02.~~058514~~039592% 0.000000% 0.000000% 0.000000% 02.~~058514~~039592% 01.~~072325~~869379% 0.000000% 0.000000% 0.000000% 01.~~072325~~869379% 60 Days 0.~~000000~~239952% 0.000000% 0.000000% 0.000000% 0.~~000000~~239952% 0.~~000000~~300526% 0.000000% 0.000000% 0.000000% 0.~~000000~~300526% 90 Days 0.~~000000~~059988% 0.~~000000~~059988% 0.000000% 0.000000% 0.~~000000~~119976% 0.~~000000~~072831% 0.~~000000~~041686% 0.000000% 0.000000% 0.~~000000~~114517% 120 Days 0.~~000000~~059988% 0.000000% 0.000000% 0.000000% 0.~~000000~~059988% 0.~~000000~~048150% 0.000000% 0.000000% 0.000000% 0.~~000000~~048150% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~058514~~399520% 0.~~000000~~119976% 0.000000% 0.000000% 02.~~058514~~519496% 02.~~072325~~290886% 0.~~000000~~106889% 0.000000% 0.000000% 02.~~072325~~397775%

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 012 0 0 0 012 03,427,506.0039 0.00 0.00 0.00 03,427,506.0039 60 Days 01 0 0 0 01 0505,707.0069 0.00 0.00 0.00 0505,707.0069 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 013 0 0 0 013 03,933,214.0008 0.00 0.00 0.00 03,933,214.0008 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~970297% 0.000000% 0.000000% 0.000000% 02.~~000000~~970297% 02.~~000000~~782935% 0.000000% 0.000000% 0.000000% 02.~~000000~~782935% 60 Days 0.~~000000~~247525% 0.000000% 0.000000% 0.000000% 0.~~000000~~247525% 0.~~000000~~410605% 0.000000% 0.000000% 0.000000% 0.~~000000~~410605% 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 03.~~000000~~217822% 0.000000% 0.000000% 0.000000% 03.~~000000~~217822% 03.~~000000~~193540% 0.000000% 0.000000% 0.000000% 03.~~000000~~193540% 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 01 0 0 01 0322,292.0031 0.00 0.00 0322,292.0031 30 Days 020 0 0 0 020 05,336,669.0020 0.00 0.00 0.00 05,336,669.0020 60 Days 03 0 0 0 03 0979,760.00 0.00 0.00 0.00 0979,760.00 90 Days 01 01 0 0 02 0359,997.0050 0206,050.00 0.00 0.00 0566,047.0050 120 Days 01 0 0 0 01 0238,000.00 0.00 0.00 0.00 0238,000.00 150 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 025 02 0 0 027 06,914,426.0070 0528,342.0031 0.00 0.00 07,442,769.0001 0-29 Days 0.~~000000~~088261% 0.000000% 0.000000% 0.~~000000~~088261% 0.~~000000~~095595% 0.000000% 0.000000% 0.~~000000~~095595% 30 Days 01.~~000000~~765225% 0.000000% 0.000000% 0.000000% 01.~~000000~~765225% 01.~~000000~~582915% 0.000000% 0.000000% 0.000000% 01.~~000000~~582915% 60 Days 0.~~000000~~264784% 0.000000% 0.000000% 0.000000% 0.~~000000~~264784% 0.~~000000~~290608% 0.000000% 0.000000% 0.000000% 0.~~000000~~290608% 90 Days 0.~~000000~~088261% 0.~~000000~~088261% 0.000000% 0.000000% 0.~~000000~~176523% 0.~~000000~~106779% 0.~~000000~~061117% 0.000000% 0.000000% 0.~~000000~~167896% 120 Days 0.~~000000~~088261% 0.000000% 0.000000% 0.000000% 0.~~000000~~088261% 0.~~000000~~070593% 0.000000% 0.000000% 0.000000% 0.~~000000~~070593% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~000000~~206531% 0.~~000000~~176523% 0.000000% 0.000000% 02.~~000000~~383054% 02.~~000000~~050895% 0.~~000000~~156712% 0.000000% 0.000000% 02.~~000000~~207607% 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 12 0 0 0 12 ~~369~~475,~~461~~976.0604 0.00 0.00 0.00 ~~369~~475,~~461~~976.0604 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~369~~475,~~461~~976.0604 0.00 0.00 0.00 ~~369~~475,~~461~~976.0604 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~333333~~666667% 0.000000% 0.000000% 0.000000% 12.~~333333~~666667% 2.~~173527~~908957% 0.000000% 0.000000% 0.000000% 2.~~173527~~908957% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~333333~~666667% 0.000000% 0.000000% 0.000000% 12.~~333333~~666667% 2.~~173527~~908957% 0.000000% 0.000000% 0.000000% 2.~~173527~~908957% 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 156,~~639~~442.4947

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 460,750,849.00 90.13108055% ~~460~~446,~~401~~417,~~981~~741.7247 90.~~12707379~~30287495% 89.~~995228~~669131% 0.000000% Class IA2 410,350,849.00 80.27194200% ~~410~~398,~~017~~526,~~456~~926.7840 80.~~26393250~~61536058% 9.~~863141~~687514% 9893.~~584373~~772505% Class IA3 395,162,849.00 77.30089842% ~~394~~384,~~834~~095,~~120~~067.1829 77.~~29168270~~69603582% 2.~~972250~~919325% 2928.~~708322~~258270% Class 2A1 198,962,849.00 38.92068047% ~~198~~194,~~830~~375,~~175~~493.5709 3839.~~92246910~~31892534% 38.~~369214~~377110% ~~383~~371.~~509142~~479996% Class 2A2 82,438,349.00 16.12641082% 8281,~~422~~699,~~114~~761.1957 16.~~13473500~~52650123% 22.~~787734~~792424% ~~227~~220.~~768660~~624469% Class 3A 67,136,749.00 13.13314505% 67,~~123~~037,~~598~~238.7538 13.~~13993809~~56051696% 2.~~994797~~965984% 2928.~~933686~~709921% Class M 32,461,649.00 6.35007729% 32,~~453~~430,~~786~~451.1302 6.~~35306731~~56014018% 3.~~651704~~770728% 36.499627% Class B-1 22,237,449.00 4.35004148% 22,~~232~~216,~~031~~045.1575 4.~~35208360~~49393609% 2.~~000984~~066204% 20.000294% Class B-2 14,825,149.00 2.90006345% 14,~~821~~810,~~503~~846.7369 2.~~90141835~~99598764% 1.~~450665~~497948% 14.499734% Class B-3 9,201,849.00 1.80004572% 9,~~199~~192,~~548~~933.4978 1.~~80087927~~85957741% 1.~~100539~~136410% 11.000142% Class B-4 3,578,749.00 0.70006711% 3,~~577~~575,~~793~~220.2068 0.~~70037933~~72320761% 1.~~100500~~136370% 10.999751% Class B-5 1,789,549.00 0.35006769% 1,~~789~~787,~~021~~734.0772 0.~~35021403~~36162896% 0.~~350165~~361579% 3.499983% Class B-6 100.00 0.00001956% 0.00 0.00000000% 0.~~350214~~361629% 3.500470% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~490261~~484179% Weighted Average Net Coupon 5.~~440261~~434179% Weighted Average Pass-Through Rate 5.~~115261~~109179% Weighted Average Maturity(Stepdown Calculation ) ~~357~~354 Beginning Scheduled Collateral Loan Count 1,~~710~~685 Number Of Loans Paid In Full 118 Ending Scheduled Collateral Loan Count 1,~~709~~667 Beginning Scheduled Collateral Balance ~~511~~500,~~200~~185,~~849~~777.0036 Ending Scheduled Collateral Balance ~~510~~494,~~836~~356,~~491~~067.5953 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~510~~494,~~836~~289,~~953~~857.9560 Monthly P &I Constant 2,~~461~~405,~~104~~999.0325 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 27,~~313~~729,~~326~~563.4261 Ending Scheduled Balance for Premium Loans ~~510~~494,~~836~~356,~~491~~067.5953 Scheduled Principal ~~122~~120,~~248~~075.9248 Unscheduled Principal ~~242~~5,~~108~~709,634.7735

Miscellaneous Reporting Senior Percentage Group 1 89.~~999943~~760825% Senior Percentage Group 2 89.~~999986~~794750% Senior Percentage Group 3 89.~~999989~~625363% Senior Percentage Group 4 89.~~999780~~975506% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 1 10.~~000057~~239175% Subordinate Percentage Group 2 10.~~000014~~205250% Subordinate Percentage Group 3 10.~~000011~~374637% Subordinate Percentage Group 4 10.~~000220~~024494% Average Loss Severity Group 1 0.000000% Average Loss Severity Group 2 0.000000% Average Loss Severity Group 3 0.000000% Average Loss Severity Group 4 0.000000% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Subordinate Prepay Percent Group 4 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~354716~~352366 5.~~536050~~526810 5.~~530064~~549550 Weighted Average Net Rate 5.~~304716~~302366 5.~~486050~~476810 5.~~480063~~499549 Weighted Average Maturity ~~357~~354 ~~357~~354 ~~357~~354 Beginning Loan Count ~~421~~412 1,~~159~~143 75 Loans Paid In Full 08 110 0 Ending Loan Count ~~421~~404 1,~~158~~133 75 Beginning Scheduled Balance ~~128~~125,~~931~~804,~~304~~433.0063 ~~347~~340,~~471~~252,~~722~~366.0060 1716,~~001~~378,~~780~~782.0074 Ending scheduled Balance ~~128~~123,~~891~~138,~~611~~378.4441 ~~347~~337,~~151~~111,~~370~~018.6145 16,~~998~~361,~~383~~434.1230 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~614~~599,~~961~~773.4625 1,~~681~~644,~~592~~428.2591 8178,~~471~~908.8431 Scheduled Principal 3938,~~636~~647.0207 7877,~~575~~337.0309 3,~~121~~162.0758 Unscheduled Principal 562,627,408.4715 ~~241~~3,~~776~~064,011.4906 ~~275~~14,185.6086 Scheduled Interest ~~575~~561,~~325~~126.4418 1,~~603~~567,~~017~~091.2282 7875,~~350~~745.7773 Servicing Fees 5,~~372~~241.1584 14,~~477~~177.9819 ~~708~~682.4246 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 34,~~918~~072.8805 9492,~~106~~151.9269 4,~~604~~435.6691 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 ~~535~~521,~~034~~812.4129 1,~~494~~460,~~432~~762.3294 7370,~~037~~627.6936 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 4.~~979716~~977366 5.~~161050~~151810 5.~~155064~~174550

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~540221~~540900 5.~~490261~~484179 Weighted Average Net Rate 5.~~490221~~490900 5.~~440261~~434179 Weighted Average Maturity ~~358~~355 ~~357~~354 Beginning Loan Count 55 1,~~710~~685 Loans Paid In Full 0 118 Ending Loan Count 55 1,~~709~~667 Beginning Scheduled Balance 17,~~796~~750,~~043~~194.0039 ~~511~~500,~~200~~185,~~849~~777.0036 Ending scheduled Balance 17,~~795~~745,~~126~~236.4237 ~~510~~494,~~836~~356,~~491~~067.5953 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant 8382,~~078~~888.4878 2,~~461~~405,~~104~~999.0325 Scheduled Principal ~~916~~928.8074 ~~122~~120,~~248~~075.9248 Unscheduled Principal 04,029.2128 ~~242~~5,~~108~~709,634.7735 Scheduled Interest 8281,~~161~~960.6804 2,~~338~~285,~~855~~923.1177 Servicing Fees ~~741~~739.5059 2120,~~300~~841.0508 Master Servicing Fees 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 4,~~819~~807.7634 ~~138~~135,~~450~~466.2299 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 76,~~600~~413.4211 2,~~179~~129,~~104~~615.8470 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 5.~~165221~~165900 5.~~115261~~109179

Filing Compare · BEAR STEARNS ALT A TRUST MORT PASS THR CERTS SER 2003-5