8-K 1 bst02005_jul.txt JULY 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): July 26, 2004 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, 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 July 26, 2004 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 July 26, 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 2002-5 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: 8/3/2004 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 July 26, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 26/2930/2004 Distribution Date: 37/2526/2004 BST Series: 2002-5 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 43.~~04705~~82642% 1211,~~915~~993,~~477~~794.5516 4338,~~522~~059.09 4959,~~397~~431.6680 II-A 07384MLA8 SEN 5.~~34287~~39900% 42,~~184~~717,~~756~~283.7660 1812,~~616~~166.8126 5820,~~680~~235.3479 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 65.~~22058~~84125% 21,~~674~~347,~~288~~498.8786 136,~~851~~527.6043 45,~~542~~589.6918 IV-A1 07384MLG5 SEN 5.~~53394~~54758% 2417,~~621~~156,~~073~~805.3980 ~~113~~78,~~449~~931.3723 21,~~335~~967,~~116~~152.3666 IV-A2 07384MLH3 SEN 5.~~32894~~34258% 96,~~691~~753,~~273~~210.5779 4329,~~001~~920.3859 ~~919~~774,~~141~~304.5577 IV-A3 07384MMG4 SEN 5.~~22394~~23758% 53,~~238~~650,~~526~~384.2521 2215,~~785~~855.9943 ~~496~~418,~~833~~543.2712 IV-A4 07384MMH2 SEN 5.~~75394~~76758% 107,~~608~~392,~~015~~028.6603 5035,~~822~~356.9824 1847,~~006,087~~549.3782 IV-A5 07384MMJ8 SEN 5.~~75394~~76758% ~~138~~96,~~297~~370.0914 ~~662~~460.5894 1311,~~116~~049.4054 IV-X 07384MLJ9 SEN 0.51078% 0.00 2114,~~391~~846.4327 0.00 V-A 07384MLK6 SEN 6.~~12289~~11881% 86,~~917~~898,~~326~~397.8256 4535,~~462~~004.3049 ~~149~~336,~~963~~798.8225 VI-A 07384MLL4 SEN 5.~~99123~~95858% 3829,~~022~~434,~~718~~099.4387 ~~189~~145,~~679~~446.0425 12,~~855~~755,~~338~~908.6017 VII-A 07384MLM2 SEN 6.~~67067~~66986% ~~856~~854,~~640~~147.5633 4,~~758~~724.0453 ~~602~~632.3481 B-1 07384MLN0 SUB 5.~~86747~~83757% 86,~~039~~995,~~593~~435.8097 3933,~~277~~865.6436 ~~219~~337,~~431~~788.5754 B-2 07384MLP5 SUB 5.~~86747~~83757% 4,~~927~~287,~~504~~535.2710 2420,~~073~~756.4523 ~~134~~207,~~490~~032.6216 B-3 07384MLQ3 SUB 5.~~86747~~83757% 2,~~593~~256,~~349~~533.5827 1210,~~669~~924.8702 70108,~~782~~961.5320 B-4 07384MLR1 SUB 5.~~86747~~83757% 1,~~296~~128,~~733~~317.1542 65,~~335~~462.2226 3554,~~392~~483.8605 B-5 07384MLS9 SUB 5.~~86747~~83757% 1,~~296~~128,~~791~~368.5220 65,~~335~~462.5150 3554,~~394~~485.4550 B-6 07384MLT7 SUB 5.~~86747~~83757% 1,~~296~~128,~~862~~430.8124 65,~~335~~462.8680 3554,~~396~~488.3950 Totals ~~137~~105,~~319~~218,~~230~~640.0855 ~~663~~499,~~031~~231.1692 78,~~366~~814,~~708~~434.8286

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 1211,~~866~~934,~~079~~362.9036 9297,~~919~~490.7589 0.00 II-A 0.00 41,~~179~~897,~~076~~047.4280 24832,~~297~~402.1505 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 21,~~669~~341,~~746~~909.1868 1812,~~394~~116.2961 0.00 IV-A1 0.00 2215,~~285~~189,~~957~~653.0314 2,~~448~~046,~~565~~083.7389 0.00 IV-A2 0.00 85,~~772~~978,~~132~~906.02 ~~962~~804,~~142~~225.9336 0.00 IV-A3 0.00 43,~~741~~231,~~692~~841.9909 ~~519~~434,~~619~~398.2655 0.00 IV-A4 0.00 96,~~601~~544,~~928~~478.3021 1882,~~056,910~~906.3506 0.00 IV-A5 0.00 ~~125~~85,~~180~~320.6960 1311,~~778~~510.9848 0.00 IV-X 0.00 0.00 2114,~~391~~846.4327 0.00 V-A 0.00 86,~~767~~561,~~363~~599.0131 ~~195~~371,~~426~~802.1274 0.00 VI-A 0.00 3626,~~167~~678,~~379~~191.8271 2,~~045~~901,~~017~~354.6442 0.00 VII-A 0.00 ~~856~~853,~~038~~514.2252 5,~~360~~357.3834 0.00 B-1 0.00 76,~~820~~657,~~162~~647.2342 ~~258~~371,~~709~~653.2190 0.00 B-2 0.00 4,~~793~~080,~~013~~502.6594 ~~158~~227,~~564~~788.0739 0.00 B-3 0.00 2,~~522~~147,~~567~~572.0507 83119,~~452~~885.4022 0.00 B-4 0.00 1,~~261~~073,~~340~~834.3037 4159,~~728~~945.0831 0.00 B-5 0.00 1,~~261~~073,~~397~~882.0770 4159,~~729~~948.9600 0.00 B-6 013,862.0003 1,~~261~~060,~~466~~079.4171 4159,~~732~~951.2530 013,862.0003 Totals 013,862.0003 ~~129~~96,~~952~~390,~~521~~343.2965 89,~~029~~313,~~739~~666.9878 013,862.0003 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 1211,~~915~~993,~~477~~794.5516 30,~~822~~115.1332 1829,~~575~~316.5348 0.00 0.00 II-A 74,454,400.00 42,~~184~~717,~~756~~283.7660 53,~~261~~485.4080 ~~418~~816,750.9400 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 21,~~674~~347,~~288~~498.8786 31,~~237~~967.4277 13,~~305~~621.2740 0.00 0.00 IV-A1 188,000,000.00 2417,~~621~~156,~~073~~805.3980 2518,~~043~~097.0072 21,~~310~~949,~~073~~054.3694 0.00 0.00 IV-A2 74,000,000.00 96,~~691~~753,~~273~~210.5779 97,~~857~~123.3557 ~~909~~767,~~284~~181.20 0.00 0.00 IV-A3 40,000,000.00 53,~~238~~650,~~526~~384.2521 53,~~328~~850.3058 ~~491~~414,~~504~~692.9754 0.00 0.00 IV-A4 81,000,000.00 107,~~608~~392,~~015~~028.6603 107,~~789~~797.8042 ~~995~~839,~~297~~752.5740 0.00 0.00 IV-A5 1,056,000.00 ~~138~~96,~~297~~370.0914 ~~140~~101.6766 1210,~~975~~947.7388 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 86,~~917~~898,~~326~~397.8256 1210,~~148~~692.4080 ~~137~~326,~~815~~105.4245 0.00 0.00 VI-A 248,618,300.00 3829,~~022~~434,~~718~~099.4387 2924,~~521~~205.2426 12,~~825~~731,~~817~~702.3791 0.00 0.00 VII-A 13,632,100.00 ~~856~~854,~~640~~147.5633 ~~602~~617.3450 015.0031 0.00 0.00 B-1 13,774,900.00 86,~~039~~995,~~593~~435.8097 8,~~647~~006.8913 ~~210~~329,~~783~~782.6841 0.00 0.00 B-2 8,442,700.00 4,~~927~~287,~~504~~535.2710 54,~~300~~906.3399 ~~129~~202,~~190~~125.2917 0.00 0.00 B-3 4,443,400.00 2,~~593~~256,~~349~~533.5827 2,~~789~~582.5756 67106,~~992~~378.9664 0.00 0.00 B-4 2,221,800.00 1,~~296~~128,~~733~~317.1542 1,~~394~~291.8534 3353,~~998~~191.0172 0.00 0.00 B-5 2,221,900.00 1,~~296~~128,~~791~~368.5220 1,~~394~~291.9139 3353,~~999~~194.5411 0.00 0.00 B-6 2,222,022.00 1,~~296~~128,~~862~~430.8124 1,~~394~~291.9946 3453,~~001~~197.4103 0.00 013,862.0003 Totals 888,703,522.00 ~~137~~105,~~319~~218,~~230~~640.0855 ~~153~~127,~~674~~425.5927 78,~~213~~687,~~034~~009.2559 0.00 013,862.0003 (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 4959,~~397~~431.6680 1211,~~866~~934,~~079~~362.9036 0.~~36571935~~33923521 4959,~~397~~431.6680 II-A 5820,~~680~~235.3479 41,~~179~~897,~~076~~047.4280 0.~~05612934~~02547932 5820,~~680~~235.3479 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 45,~~542~~589.6918 21,~~669~~341,~~746~~909.1868 0.~~13763849~~06918201 45,~~542~~589.6918 IV-A1 21,~~335~~967,~~116~~152.3666 2215,~~285~~189,~~957~~653.0314 0.~~11854232~~08079603 21,~~335~~967,~~116~~152.3666 IV-A2 ~~919~~774,~~141~~304.5577 85,~~772~~978,~~132~~906.02 0.~~11854232~~08079603 ~~919~~774,~~141~~304.5577 IV-A3 ~~496~~418,~~833~~543.2712 43,~~741~~231,~~692~~841.9909 0.~~11854232~~08079603 ~~496~~418,~~833~~543.2712 IV-A4 1847,~~006,087~~549.3782 96,~~601~~544,~~928~~478.3021 0.~~11854232~~08079603 1847,~~006,087~~549.3782 IV-A5 1311,~~116~~049.4054 ~~125~~85,~~180~~320.6960 0.~~11854232~~08079602 1311,~~116~~049.4054 IV-X 0.00 0.00 0.00000000 0.00 V-A ~~149~~336,~~963~~798.8225 86,~~767~~561,~~363~~599.0131 0.~~10953891~~08198023 ~~149~~336,~~963~~798.8225 VI-A 12,~~855~~755,~~338~~908.6017 3626,~~167~~678,~~379~~191.8271 0.~~14547352~~10730582 12,~~855~~755,~~338~~908.6017 VII-A ~~602~~632.3481 ~~856~~853,~~038~~514.2252 0.~~06279577~~06261064 ~~602~~632.3481 B-1 ~~219~~337,~~431~~788.5754 76,~~820~~657,~~162~~647.2342 0.~~56771100~~48331730 ~~219~~337,~~431~~788.5754 B-2 ~~134~~207,~~490~~032.6216 4,~~793~~080,~~013~~502.6594 0.~~56771100~~48331730 ~~134~~207,~~490~~032.6216 B-3 70108,~~782~~961.5320 2,~~522~~147,~~567~~572.0507 0.~~56771100~~48331730 70108,~~782~~961.5320 B-4 3554,~~392~~483.8605 1,~~261~~073,~~340~~834.3037 0.~~56771100~~48331730 3554,~~392~~483.8605 B-5 3554,~~394~~485.4550 1,~~261~~073,~~397~~882.0770 0.~~56771100~~48331730 3554,~~394~~485.4550 B-6 3568,~~396~~350.3953 1,~~261~~060,~~466~~079.4171 0.~~56771104~~47707885 3554,~~396~~488.3950 Totals 78,~~366~~828,~~708~~296.8289 ~~129~~96,~~952~~390,~~521~~343.2965 0.~~14622708~~10846175 78,~~366~~814,~~708~~434.8286

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 ~~367~~340.~~12348281~~92455870 0.~~87612151~~85603038 0.~~52801093~~83332329 0.00000000 II-A 74,454,400.00 5636.~~20563405~~49594383 0.~~07066607~~04681792 010.~~00562680~~96980165 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 ~~137~~69.~~87268364~~47016312 0.~~16690485~~10144818 0.~~06729306~~18670090 0.00000000 IV-A1 188,000,000.00 ~~130~~91.~~96315633~~25960532 0.~~13320745~~09626447 1210.~~28762426~~36731351 0.00000000 IV-A2 74,000,000.00 ~~130~~91.~~96315635~~25960527 0.~~13320743~~09626446 1210.~~28762432~~36731351 0.00000000 IV-A3 40,000,000.00 ~~130~~91.~~96315625~~25960525 0.~~13320750~~09626450 1210.~~28762425~~36731350 0.00000000 IV-A4 81,000,000.00 ~~130~~91.~~96315630~~25960531 0.~~13320741~~09626444 1210.~~28762432~~36731358 0.00000000 IV-A5 1,056,000.00 ~~130~~91.~~96315341~~25960227 0.~~13321023~~09626894 1210.~~28762311~~36731061 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 ~~111~~86.~~41255016~~18816824 0.~~15178139~~13359521 14.~~72185765~~07434207 0.00000000 VI-A 248,618,300.00 ~~152~~118.~~93612107~~39072132 0.~~11874122~~09735912 710.~~34385751~~98753756 0.00000000 VII-A 13,632,100.00 62.~~83995569~~65706164 0.~~04418542~~04529750 0.~~00000000~~00112308 0.00000000 B-1 13,774,900.00 ~~583~~507.~~64081046~~83932878 0.~~62780056~~58121148 1523.~~30201163~~94082062 0.00000000 B-2 8,442,700.00 ~~583~~507.~~64081040~~83932865 0.~~62780035~~58121099 1523.~~30201120~~94082106 0.00000000 B-3 4,443,400.00 ~~583~~507.~~64081109~~83932799 0.~~62780078~~58121258 1523.~~30201197~~94082009 0.00000000 B-4 2,221,800.00 ~~583~~507.~~64080925~~83932847 0.~~62780178~~58121343 1523.~~30201188~~94082276 0.00000000 B-5 2,221,900.00 ~~583~~507.~~64081192~~83932670 0.~~62780053~~58120978 1523.~~30201179~~94082092 0.00000000 B-6 2,222,022.00 ~~583~~507.~~64085054~~83936433 0.~~62780206~~58120937 1523.~~30201321~~94082057 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 1.~~40413244~~68935367 ~~365~~339.~~71935066~~23520503 0.~~36571935~~33923521 1.~~40413244~~68935367 II-A 0.00000000 011.~~07629287~~01661943 5625.~~12934118~~47932426 0.~~05612934~~02547932 011.~~07629287~~01661943 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 0.~~23419791~~28814959 ~~137~~69.~~63848573~~18201353 0.~~13763849~~06918201 0.~~23419791~~28814959 IV-A1 0.00000000 1210.~~42083170~~46357798 ~~118~~80.~~54232463~~79602734 0.~~11854232~~08079603 1210.~~42083170~~46357798 IV-A2 0.00000000 1210.~~42083176~~46357797 ~~118~~80.~~54232459~~79602730 0.~~11854232~~08079603 1210.~~42083176~~46357797 IV-A3 0.00000000 1210.~~42083175~~46357800 ~~118~~80.~~54232475~~79602725 0.~~11854232~~08079603 1210.~~42083175~~46357800 IV-A4 0.00000000 1210.~~42083173~~46357802 ~~118~~80.~~54232469~~79602728 0.~~11854232~~08079603 1210.~~42083173~~46357802 IV-A5 0.00000000 1210.~~42083333~~46357955 ~~118~~80.~~54232008~~79602273 0.~~11854232~~08079602 1210.~~42083333~~46357955 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 14.~~87363904~~20793728 ~~109~~81.~~53891125~~98023096 0.~~10953891~~08198023 14.~~87363904~~20793728 VI-A 0.00000000 711.~~46259869~~08489669 ~~145~~107.~~47352234~~30582467 0.~~14547352~~10730582 711.~~46259869~~08489669 VII-A 0.00000000 0.~~04418542~~04642058 62.~~79577028~~61064106 0.~~06279577~~06261064 0.~~04418542~~04642058 B-1 0.00000000 1524.~~92981219~~52203210 ~~567~~483.~~71099826~~31729595 0.~~56771100~~48331730 1524.~~92981219~~52203210 B-2 0.00000000 1524.~~92981155~~52203205 ~~567~~483.~~71099885~~31729660 0.~~56771100~~48331730 1524.~~92981155~~52203205 B-3 0.00000000 1524.~~92981276~~52203268 ~~567~~483.~~71099833~~31729531 0.~~56771100~~48331730 1524.~~92981276~~52203268 B-4 0.00000000 1524.~~92981366~~52203169 ~~567~~483.~~71100009~~31729679 0.~~56771100~~48331730 1524.~~92981366~~52203169 B-5 0.00000000 1524.~~92981232~~52203069 ~~567~~483.~~71099959~~31729601 0.~~56771100~~48331730 1524.~~92981232~~52203069 B-6 06.~~00000000~~23847559 1530.~~92981078~~76051002 ~~567~~477.~~71103526~~07885430 0.~~56771104~~47707885 1524.~~92981078~~52203444 (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 43.~~04705~~82642% 1211,~~915~~993,~~477~~794.5516 4338,~~558~~244.0045 0.00 0.00 II-A 74,454,400.00 5.~~34287~~39900% 42,~~184~~717,~~756~~283.7660 1812,~~632~~225.1752 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 65.~~22058~~84125% 21,~~674~~347,~~288~~498.8786 136,~~863~~559.0323 0.00 0.00 IV-A1 188,000,000.00 5.~~53394~~54758% 2417,~~621~~156,~~073~~805.3980 ~~113~~79,~~542~~315.9865 0.00 0.00 IV-A2 74,000,000.00 5.~~32894~~34258% 96,~~691~~753,~~273~~210.5779 4330,~~036~~066.8632 0.00 0.00 IV-A3 40,000,000.00 5.~~22394~~23758% 53,~~238~~650,~~526~~384.2521 2215,~~804~~932.8065 0.00 0.00 IV-A4 81,000,000.00 5.~~75394~~76758% 107,~~608~~392,~~015~~028.6603 5035,~~864~~528.9244 0.00 0.00 IV-A5 1,056,000.00 5.~~75394~~76758% ~~138~~96,~~297~~370.0914 ~~663~~463.1319 0.00 0.00 IV-X 0.00 0.51078% 5035,~~297~~048,~~185~~798.9798 2114,~~409~~918.0858 0.00 0.00 V-A 80,038,800.00 6.~~12289~~11881% 86,~~917~~898,~~326~~397.8256 4535,~~499~~174.8198 0.00 0.00 VI-A 248,618,300.00 5.~~99123~~95858% 3829,~~022~~434,~~718~~099.4387 ~~189~~146,~~835~~154.5463 0.00 0.00 VII-A 13,632,100.00 6.~~67067~~66986% ~~856~~854,~~640~~147.5633 4,~~761~~747.9754 0.00 0.00 B-1 13,774,900.00 5.~~86747~~83757% 86,~~039~~995,~~593~~435.8097 3934,~~310~~030.0530 0.00 0.00 B-2 8,442,700.00 5.~~86747~~83757% 4,~~927~~287,~~504~~535.2710 2420,~~093~~857.3133 0.00 0.00 B-3 4,443,400.00 5.~~86747~~83757% 2,~~593~~256,~~349~~533.5827 1210,~~680~~977.3323 0.00 0.00 B-4 2,221,800.00 5.~~86747~~83757% 1,~~296~~128,~~733~~317.1542 65,~~340~~488.4586 0.00 0.00 B-5 2,221,900.00 5.~~86747~~83757% 1,~~296~~128,~~791~~368.5220 65,~~340~~489.7411 0.00 0.00 B-6 2,222,022.00 5.~~86747~~83757% 1,~~296~~128,~~862~~430.8124 65,~~341~~489.0841 0.00 0.00 Totals 888,703,522.00 ~~663~~501,~~578~~663.2542 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 35185.9136 0.00 4338,~~522~~059.09 0.00 1211,~~866~~934,~~079~~362.9036 II-A 1559.3625 0.00 1812,~~616~~166.8126 0.00 41,~~179~~897,~~076~~047.4280 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 1131.4379 0.00 136,~~851~~527.6043 0.00 21,~~669~~341,~~746~~909.1868 IV-A1 93384.6142 0.00 ~~113~~78,~~449~~931.3723 0.00 2215,~~285~~189,~~957~~653.0314 IV-A2 35145.4872 0.00 4329,~~001~~920.3859 0.00 85,~~772~~978,~~132~~906.02 IV-A3 1877.8022 0.00 2215,~~785~~855.9943 0.00 43,~~741~~231,~~692~~841.9909 IV-A4 41172.9320 0.00 5035,~~822~~356.9824 0.00 96,~~601~~544,~~928~~478.3021 IV-A5 02.5524 0.00 ~~662~~460.5894 0.00 ~~125~~85,~~180~~320.6960 IV-X 1772.6531 0.00 2114,~~391~~846.4327 0.00 4531,~~526~~030,~~891~~199.0307 V-A 37170.5148 0.00 4535,~~462~~004.3049 0.00 86,~~767~~561,~~363~~599.0131 VI-A ~~156~~708.5138 0.00 ~~189~~145,~~679~~446.0425 0.00 3626,~~167~~678,~~379~~191.8271 VII-A 323.9301 0.00 4,~~758~~724.0453 0.00 ~~856~~853,~~038~~514.2252 B-1 32164.4194 0.00 3933,~~277~~865.6436 0.00 76,~~820~~657,~~162~~647.2342 B-2 19101.8609 0.00 2420,~~073~~756.4523 0.00 4,~~793~~080,~~013~~502.6594 B-3 1053.4520 0.00 1210,~~669~~924.8702 0.00 2,~~522~~147,~~567~~572.0507 B-4 526.2360 0.00 65,~~335~~462.2226 0.00 1,~~261~~073,~~340~~834.3037 B-5 526.2360 0.00 65,~~335~~462.5150 0.00 1,~~261~~073,~~397~~882.0770 B-6 526.2361 0.00 65,~~335~~462.8680 0.00 1,~~261~~060,~~466~~079.4171 Totals ~~547~~2,431.0842 0.00 ~~663~~499,~~031~~231.1692 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 43.~~04705~~82642% ~~367~~340.~~12348281~~92455870 1.~~23813964~~08710155 0.00000000 0.00000000 II-A 74,454,400.00 5.~~34287~~39900% 5636.~~20563405~~49594383 0.~~25024941~~16420144 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 65.~~22058~~84125% ~~137~~69.~~87268364~~47016312 0.~~71470707~~33816042 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~53394~~54758% ~~130~~91.~~96315633~~25960532 0.~~60395202~~42189176 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~32894~~34258% ~~130~~91.~~96315635~~25960527 0.~~58157919~~40630162 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~22394~~23758% ~~130~~91.~~96315625~~25960525 0.~~57012000~~39831625 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~75394~~76758% ~~130~~91.~~96315630~~25960531 0.~~62796198~~43862272 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~75394~~76758% ~~130~~91.~~96315341~~25960227 0.~~62796402~~43862689 0.00000000 0.00000000 IV-X 0.00 0.51078% ~~130~~91.~~96315634~~25960532 0.~~05574468~~03884480 0.00000000 0.00000000 V-A 80,038,800.00 6.~~12289~~11881% ~~111~~86.~~41255016~~18816824 0.~~56847192~~43947411 0.00000000 0.00000000 VI-A 248,618,300.00 5.~~99123~~95858% ~~152~~118.~~93612107~~39072132 0.~~76356222~~58786755 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~67067~~66986% 62.~~83995569~~65706164 0.~~34932035~~34826182 0.00000000 0.00000000 B-1 13,774,900.00 5.~~86747~~83757% ~~583~~507.~~64081046~~83932878 2.~~85374485~~47045714 0.00000000 0.00000000 B-2 8,442,700.00 5.~~86747~~83757% ~~583~~507.~~64081040~~83932865 2.~~85374466~~47045732 0.00000000 0.00000000 B-3 4,443,400.00 5.~~86747~~83757% ~~583~~507.~~64081109~~83932799 2.~~85374488~~47045731 0.00000000 0.00000000 B-4 2,221,800.00 5.~~86747~~83757% ~~583~~507.~~64080925~~83932847 2.~~85374471~~47045639 0.00000000 0.00000000 B-5 2,221,900.00 5.~~86747~~83757% ~~583~~507.~~64081192~~83932670 2.~~85374679~~47045772 0.00000000 0.00000000 B-6 2,222,022.00 5.~~86747~~83757% ~~583~~507.~~64085054~~83936433 2.~~85374312~~47045709 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.~~00102074~~00526887 0.00000000 1.~~23711889~~08183268 0.00000000 ~~365~~339.~~71935066~~23520503 II-A 0.~~00020630~~00079579 0.00000000 0.~~25004311~~16340552 0.00000000 5625.~~12934118~~47932426 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.~~00058927~~00163893 0.00000000 0.~~71411779~~33652097 0.00000000 ~~137~~69.~~63848573~~18201353 IV-A1 0.~~00049793~~00204479 0.00000000 0.~~60345410~~41984697 0.00000000 ~~118~~80.~~54232463~~79602734 IV-A2 0.~~00047946~~00196919 0.00000000 0.~~58109973~~40433230 0.00000000 ~~118~~80.~~54232459~~79602730 IV-A3 0.~~00047000~~00193050 0.00000000 0.~~56964975~~39638575 0.00000000 ~~118~~80.~~54232475~~79602725 IV-A4 0.~~00051765~~00212593 0.00000000 0.~~62744420~~43649679 0.00000000 ~~118~~80.~~54232469~~79602728 IV-A5 0.~~00052083~~00212121 0.00000000 0.~~62744318~~43649621 0.00000000 ~~118~~80.~~54232008~~79602273 IV-X 0.~~00004596~~00018828 0.00000000 0.~~05569873~~03865652 0.00000000 ~~118~~80.~~54232463~~79602732 V-A 0.~~00046865~~00212997 0.00000000 0.~~56800327~~43734401 0.00000000 ~~109~~81.~~53891125~~98023096 VI-A 0.~~00062952~~00284927 0.00000000 0.~~76293274~~58501828 0.00000000 ~~145~~107.~~47352234~~30582467 VII-A 0.~~00028829~~00168793 0.00000000 0.~~34903206~~34657390 0.00000000 62.~~79577028~~61064106 B-1 0.~~00235283~~01197395 0.00000000 2.~~85139202~~45848318 0.00000000 ~~567~~483.~~71099826~~31729595 B-2 0.~~00235233~~01197366 0.00000000 2.~~85139233~~45848248 0.00000000 ~~567~~483.~~71099885~~31729660 B-3 0.~~00235180~~01197281 0.00000000 2.~~85139083~~45848224 0.00000000 ~~567~~483.~~71099833~~31729531 B-4 0.~~00235395~~01197227 0.00000000 2.~~85139076~~45848411 0.00000000 ~~567~~483.~~71100009~~31729679 B-5 0.~~00235384~~01197174 0.00000000 2.~~85139295~~45848148 0.00000000 ~~567~~483.~~71099959~~31729601 B-6 0.~~00235371~~01197558 0.00000000 2.~~85139391~~45848151 0.00000000 ~~567~~477.~~71103526~~07885430 (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 89,~~072~~362,233.0523 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1516,~~391~~130.7813 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(13,862.0003) Prepayment Penalties 0.00 Total Deposits 89,~~087~~364,~~624~~501.8333 Withdrawals Reimbursement for Servicer Advances 1820,~~790~~489.1257 Payment of Service Fee 3930,~~094~~344.7598 Payment of Interest and Principal 89,~~029~~313,~~739~~666.9678 Total Withdrawals (Pool Distribution Amount) 89,~~087~~364,~~624~~501.8333 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 02,431.0042 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~547~~2,431.0842

SERVICING FEES Gross Servicing Fee 3930,~~094~~344.7598 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3930,~~094~~344.7598

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 67 0 0 0 67 1,~~571~~615,~~805~~757.5048 0.00 0.00 0.00 1,~~571~~615,~~805~~757.5048 60 Days 01 0 0 0 01 0412,174.0034 0.00 0.00 0.00 0412,174.0034 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 1 1 0 2 0 32 396,~~880~~174.3042 252,974.91 0.00 ~~565,688.54~~ 0.00 ~~962~~649,~~568~~149.8433 Totals 79 1 0 2 0 910 12,~~968~~424,~~685~~106.8024 252,974.91 0.00 ~~565,688.54~~ 0.00 2,~~534~~677,~~374~~081.3415 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.~~829268~~800000% 0.000000% 0.000000% 0.000000% 12.~~829268~~800000% 1.~~208267~~674440% 0.000000% 0.000000% 0.000000% 1.~~208267~~674440% 60 Days 0.~~000000~~400000% 0.000000% 0.000000% 0.000000% 0.~~000000~~400000% 0.~~000000~~427144% 0.000000% 0.000000% 0.000000% 0.~~000000~~427144% 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.~~304878~~400000% 0.~~000000~~400000% 0.~~609756~~000000% 0.000000% 0.~~914634~~800000% 0.~~305087~~410563% 0.~~000000~~262163% 0.~~434852~~000000% 0.000000% 0.~~739939~~672726% Totals 23.~~134146~~600000% 0.~~000000~~400000% 0.~~609756~~000000% 0.000000% 24.~~743902~~000000% 12.~~513354~~512147% 0.~~000000~~262163% 0.~~434852~~000000% 0.000000% 12.~~948206~~774309%

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 10 0 0 0 10 ~~403,035~~0.9500 0.00 0.00 0.00 ~~403,035~~0.9500 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 ~~403,035~~0.9500 0.00 0.00 0.00 ~~403,035~~0.9500 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~777778~~000000% 0.000000% 0.000000% 0.000000% 20.~~777778~~000000% 20.~~881876~~000000% 0.000000% 0.000000% 0.000000% 20.~~881876~~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 20.~~777778~~000000% 0.000000% 0.000000% 0.000000% 20.~~777778~~000000% 20.~~881876~~000000% 0.000000% 0.000000% 0.000000% 20.~~881876~~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 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 1 0 0 1 0.00 ~~0.00~~ 252,974.91 0.00 0.00 252,974.91 Totals 0 0 1 0 0 1 0.00 ~~0.00~~ 252,974.91 0.00 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 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% 012.~~000000~~500000% 60.~~666667~~000000% 0.000000% 612.~~666667~~500000% 0.000000% 08.~~000000~~282548% 40.~~401268~~000000% 0.000000% 48.~~401268~~282548% Totals 0.000000% 012.~~000000~~500000% 60.~~666667~~000000% 0.000000% 612.~~666667~~500000% 0.000000% 08.~~000000~~282548% 40.~~401268~~000000% 0.000000% 48.~~401268~~282548% 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 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 1 0 0 0 1 396,~~880~~174.3042 0.00 0.00 0.00 396,~~880~~174.3042 Totals 1 0 0 0 1 396,~~880~~174.3042 0.00 0.00 0.00 396,~~880~~174.3042 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 1220.~~500000~~000000% 0.000000% 0.000000% 0.000000% 1220.~~500000~~000000% 1223.~~861749~~967415% 0.000000% 0.000000% 0.000000% 1223.~~861749~~967415% Totals 1220.~~500000~~000000% 0.000000% 0.000000% 0.000000% 1220.~~500000~~000000% 1223.~~861749~~967415% 0.000000% 0.000000% 0.000000% 1223.~~861749~~967415% 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 43 0 0 0 43 1766,~~042,859~~673.5589 0.00 0.00 0.00 1766,~~042,859~~673.5589 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 43 0 0 0 43 1766,~~042,859~~673.5589 0.00 0.00 0.00 1766,~~042,859~~673.5589 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~857143~~941176% 0.000000% 0.000000% 0.000000% 2.~~857143~~941176% 12.~~943327~~024550% 0.000000% 0.000000% 0.000000% 12.~~943327~~024550% 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 2.~~857143~~941176% 0.000000% 0.000000% 0.000000% 2.~~857143~~941176% 12.~~943327~~024550% 0.000000% 0.000000% 0.000000% 12.~~943327~~024550% 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 14 0 0 0 14 ~~125~~849,~~910~~083.0059 0.00 0.00 0.00 ~~125~~849,~~910~~083.0059 60 Days 01 0 0 0 01 0412,174.0034 0.00 0.00 0.00 0412,174.0034 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 10 0 10 0.00 0.00 ~~312,713~~0.6300 0.00 ~~312,713~~0.6300 Totals 15 0 10 0 25 ~~125~~1,~~910~~261,257.0093 0.00 ~~312,713~~0.6300 0.00 ~~438~~1,~~623~~261,257.6393 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 04.~~917431~~705882% 0.000000% 0.000000% 0.000000% 04.~~917431~~705882% 02.~~300680~~685310% 0.000000% 0.000000% 0.000000% 02.~~300680~~685310% 60 Days 01.~~000000~~176471% 0.000000% 0.000000% 0.000000% 01.~~000000~~176471% 01.~~000000~~303542% 0.000000% 0.000000% 0.000000% 01.~~000000~~303542% 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.~~917431~~000000% 0.000000% 0.~~917431~~000000% 0.000000% 0.000000% 0.~~746777~~000000% 0.000000% 0.~~746777~~000000% Totals 05.~~917431~~882353% 0.000000% 0.~~917431~~000000% 0.000000% 15.~~834862~~882353% 03.~~300680~~988852% 0.000000% 0.~~746777~~000000% 0.000000% 13.~~047457~~988852% 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 1516,~~391~~130.7813

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% ~~117~~84,~~086~~455,~~441~~981.3929 9087.~~09939956~~61871581% 912.~~900600~~381284% 0.000000% Class 2A 779,068,922.00 87.66353484% ~~112~~82,~~907~~558,~~364~~933.9749 8685.~~88355090~~65062676% 31.~~215849~~968089% 2211.~~088204~~787651% Class R-I 779,068,872.00 87.66352922% ~~112~~82,~~907~~558,~~364~~933.9749 8685.~~88355090~~65062676% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% ~~112~~82,~~907~~558,~~364~~933.9749 8685.~~88355090~~65062676% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% ~~112~~82,~~907~~558,~~364~~933.9749 8685.~~88355090~~65062676% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% ~~112~~82,~~907~~558,~~364~~933.9749 8685.~~88355090~~65062676% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% ~~110~~81,~~237~~217,~~618~~023.7981 84.~~82914968~~25846482% 21.~~054401~~392162% 148.~~110749~~338199% Class V-A 295,577,122.00 33.25936204% 5543,~~943~~625,~~364~~225.7544 4345.~~04907992~~25891679% 6.~~746589~~807320% 4640.~~339258~~771687% Class B-1 19,551,822.00 2.20003877% 119,~~099~~435,~~784~~871.4879 89.~~54141526~~78922933% 6.~~017707~~906965% 41.~~332898~~368500% Class B-2 11,109,122.00 1.25003690% 65,~~306~~355,~~770~~368.8385 45.~~85313464~~55591841% 34.~~688281~~233311% 25.~~333124~~354945% Class B-3 6,665,722.00 0.75005014% 3,~~784~~207,~~203~~796.78 23.~~91198950~~32792338% 12.~~941145~~227995% 13.~~332844~~344328% Class B-4 4,443,922.00 0.50004550% 2,~~522~~133,~~863~~962.4841 12.~~94137325~~21387571% 01.~~970616~~114048% 6.~~666722~~672465% Class B-5 2,222,022.00 0.25002962% 1,~~261~~060,~~466~~079.4171 01.~~97071330~~09977791% 01.~~970660~~114098% 6.~~667022~~672765% Class B-6 0.00 0.00000000% 0.00 0.00000000% 01.~~970713~~099778% 6.~~667389~~586998% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~140492~~067462% Weighted Average Net Coupon 5.~~798852~~721383% Weighted Average Pass-Through Rate 5.~~798852~~721382% Weighted Average Maturity(Stepdown Calculation ) ~~331~~327 Beginning Scheduled Collateral Loan Count ~~346~~270 Number Of Loans Paid In Full 1820 Ending Scheduled Collateral Loan Count ~~328~~250 Beginning Scheduled Collateral Balance ~~137~~105,~~319~~218,~~230~~640.0756 Ending Scheduled Collateral Balance ~~129~~96,~~952~~390,~~521~~343.2867 Ending Actual Collateral Balance at 2930-~~Feb~~Jun-2004 ~~130~~96,~~087~~495,~~599~~415.1868 Monthly P &I Constant ~~856~~659,~~347~~433.5767 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 013,862.0003 Cumulative Realized Loss 013,862.0003 Class A Optimal Amount 78,~~404~~416,~~292~~527.6708 Ending Scheduled Balance for Premium Loans ~~129~~96,~~952~~390,~~521~~343.2867 Scheduled Principal ~~153~~127,~~674~~425.5728 Unscheduled Principal 78,~~213~~700,~~034~~871.2261

Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage 1 9291.~~187818~~941651% Senior Percentage 2 7267.~~814218~~437670% Senior Percentage 3 8681.~~712029~~464795% Senior Percentage 4 8582.~~598753~~988481% Senior Percentage 5 8280.~~501636~~341574% Senior Percentage 6 8685.~~738388~~070429% Senior Percentage 7 79.~~762614~~761970% Senior Prep Percentage 1 9695.~~093909~~970825% Senior Prep Percentage 2 8683.~~407109~~718835% Senior Prep Percentage 3 9390.~~356014~~732398% Senior Prep Percentage 4 9291.~~799377~~494240% Senior Prep Percentage 5 9190.~~250818~~170787% Senior Prep Percentage 6 9392.~~369194~~535215% Senior Prep Percentage 7 89.~~881307~~880985% Subordinate Percentage 1 78.~~812182~~058349% Subordinate Percentage 2 2732.~~185782~~562330% Subordinate Percentage 3 1318.~~287971~~535205% Subordinate Percentage 4 1417.~~401247~~011519% Subordinate Percentage 5 1719.~~498364~~658426% Subordinate Percentage 6 1314.~~261612~~929571% Subordinate Percentage 7 20.~~237386~~238030% Subordinate Prep Percentage 1 34.~~906091~~029175 Subordinate Prep Percentage 2 1316.~~592891~~281165 Subordinate Prep Percentage 3 69.~~643986~~267602 Subordinate Prep Percentage 4 78.~~200623~~50576 Subordinate Prep Percentage 5 89.~~749182~~829213 Subordinate Prep Percentage 6 67.~~630806~~464785 Subordinate Prep Percentage 7 10.~~118693~~119015

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~422052~~201424 5.~~592868~~649002 6.~~595584~~216245 Weighted Average Net Rate 43.~~047052~~826423 5.~~342868~~399003 65.~~220581~~841247 Weighted Average Maturity ~~293~~289 ~~335~~331 ~~319~~315 Beginning Loan Count 3635 1510 85 Loans Paid In Full 0 02 0 Ending Loan Count 3635 15 8 5 Beginning Scheduled Balance 1413,~~009~~045,~~961~~006.2635 54,~~747~~029,~~169~~326.8004 31,~~084~~654,~~103~~087.6734 Ending scheduled Balance 1312,~~957~~981,~~196~~704.6025 53,~~739~~048,~~459~~570.1721 31,~~078~~647,~~971~~680.9855 Record Date 0206/2930/2004 0206/2930/2004 0206/2930/2004 Principal And Interest Constant 8578,~~061~~427.3782 3424,~~011~~136.7698 2010,~~684~~984.7500 Scheduled Principal 3332,~~434~~754.0682 75,~~225~~168.7992 32,~~733~~415.5349 Unscheduled Principal 1930,~~330~~547.6028 ~~484~~975,586.8491 13,~~398~~991.1630 Scheduled Interest 5145,~~627~~673.3100 2618,~~785~~968.9706 168,~~951~~568.2251 Servicing Fees 4,~~378~~076.1157 ~~1,197~~839.3344 ~~963~~516.7990 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 4741,~~249~~596.2043 2518,~~588~~128.6462 158,~~987~~051.4361 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 43.~~047052~~826424 5.~~342868~~399002 65.~~220584~~841245

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~329205~~348456 6.~~497886~~493809 6.~~366225~~333584 Weighted Average Net Rate 6.~~019942~~033582 6.~~122885~~118809 5.~~991225~~958584 Weighted Average Maturity ~~333~~329 ~~327~~323 ~~336~~332 Beginning Loan Count ~~153~~112 1713 ~~114~~92 Loans Paid In Full 1310 01 57 Ending Loan Count ~~140~~102 1712 ~~109~~85 Beginning Scheduled Balance 5842,~~759~~233,~~250~~330.5411 108,~~808~~586,~~666~~336.7006 4334,~~836~~599,~~090~~684.5325 Ending scheduled Balance 5337,~~614~~836,~~174~~999.5262 108,~~642~~211,~~912~~373.4278 4131,~~846~~593,~~574~~936.1806 Record Date 0206/2930/2004 0206/2930/2004 0206/2930/2004 Principal And Interest Constant ~~369~~267,~~682~~979.3284 7359,~~252~~774.9420 ~~266~~211,~~593~~069.4787 Scheduled Principal 5944,~~766~~549.1949 1413,~~725~~309.0418 3428,~~034~~453.8020 Unscheduled Principal 54,~~085~~351,~~309~~781.8300 ~~151~~361,~~029~~653.2410 12,~~955~~977,~~481~~294.5599 Scheduled Interest ~~309~~223,~~916~~430.1335 5846,~~527~~465.9002 ~~232~~182,~~558~~616.67 Servicing Fees 1511,~~143~~081.4280 32,~~377~~683.7123 1310,~~698~~812.7739 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 ~~294~~212,~~772~~348.71 55 43,~~150~~781.1979 ~~218~~171,~~859~~804.9028 Realized Loss Amount 0.00 0.00 013,862.0003 Cumulative Realized Loss 0.00 0.00 013,862.0003 Percentage of Cumulative Losses 0.0000 0.0000 0.~~0000~~0054 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~019941~~033582 6.~~122886~~118809 5.~~991225~~958584

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~045668~~044864 6.~~140492~~067462 Weighted Average Net Rate 6.~~670669~~669860 5.~~798852~~721383 Weighted Average Maturity ~~331~~327.00 ~~331~~327.00 Record Date 0206/2930/2004 0206/2930/2004 Principal And Interest Constant 7,060.96 ~~856~~659,~~347~~433.5767 Beginning Loan Count 3 ~~346~~270 Loans Paid In Full 0 1820 Ending Loan Count 3 ~~328~~250 Beginning Scheduled Balance 1,~~073~~070,~~987~~870.5741 ~~137~~105,~~319~~218,~~230~~640.0756 Ending Scheduled Balance 1,~~073~~070,~~232~~079.4120 ~~129~~96,~~952~~390,~~521~~343.2867 Scheduled Principal ~~755~~774.1618 ~~153~~127,~~674~~425.5728 Unscheduled Principal 017.0003 78,~~213~~700,~~034~~871.2261 Scheduled Interest 6,~~305~~286.8078 ~~702~~532,~~673~~008.0039 Servicing Fee ~~335~~334.6265 3930,~~094~~344.7598 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 5,~~970~~952.1813 ~~663~~501,~~578~~663.2541 Realized Loss Amount 0.00 013,862.0003 Cumulative Realized Loss 0.00 013,862.0003 Percentage of Cumulative Losses 0.0000 0.~~0000~~0016 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~670668~~669864 5.~~798852~~721382

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