8-K 1 bst03008_aug.txt AUGUST 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): August 25, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-05 54-2135818 Pooling and Servicing Agreement) (Commission 54-2135819 (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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-8 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-8 Trust, relating to the August 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 2003-8 Trust (Registrant) 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: 8/25/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-8 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/2004 Distribution Date: 78/2625/2004 BST Series: 2003-98 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-1 ~~07384MA85~~07384MZQ8 SEN 34.~~11769~~33569% 41125,~~670~~754,~~763~~101.8652 ~~108~~454,~~263~~359.6240 13,~~669~~828,~~831~~208.~~28 I-X-1 07384MA93 SEN 1.24000% 0.~~00 ~~43,059.79 0.00~~ I-A-2 ~~07384MB27~~07384MZR6 SEN 4.~~26769~~33569% ~~104~~8,~~129~~034,~~154~~357.9489 ~~370~~29,~~325~~028.4376 4244,~~172,664~~582.5903 ~~I-X-2 07384MB35 SEN 0.09000% 0.00 7,809.69 0.00 I-A-3 07384MB43 SEN 3.39569% 16,668,305.54 47,166.94 667,932.51 I-X-3 07384MB50 SEN 0.96200% 0.00 13,362.42 0.00~~ II-A-1 ~~07384MB68~~07384MZS4 SEN 4.~~60731~~91483% ~~166~~165,~~779~~370,~~223~~214.8759 ~~640~~677,~~336~~304.1382 45,~~190~~034,~~644~~355.7312 II-~~X-1 07384MB76 SEN 0.33400% 0.00 46,420.22 0.00 II-~~A-2 ~~07384MB84~~07384MZT2 SEN 4.~~74131~~91483% 3310,~~355~~565,~~844~~272.7775 ~~131~~43,~~791~~272.9606 ~~838~~321,~~128~~637.9594 IIIII-~~X-2~~A ~~07384MB92~~07384MZU9 SEN ~~0.20000% 0.00~~ 5~~,559~~.~~31 0.00 II-A-3 07384MC26 SEN 4.61731~~21919% 4738,~~401~~748,~~559~~615.5410 ~~182~~168,~~389~~530.6931 1359,~~191,054~~810.2180 IIIV-~~X-3 07384MC34 SEN 0.32400% 0.00 12,798.42 0.00 III-~~A-1 ~~07384MC42~~07384MZV7 SEN 4.~~50605~~78487% 70169,~~608~~285,~~839~~376.1014 ~~265~~675,~~139~~006.0742 16,~~543~~106,~~943~~734.7445 ~~III~~IV-~~X-1 07384MC59 SEN 0.56200% 0.00 33,068.47 0.00 III-~~A-2 ~~07384MC67~~07384MZW5 SEN 54.~~06805~~78487% 7710,~~068~~815,~~851~~487.1479 ~~325~~43,~~490~~125.5954 1390,~~685,199~~153.3668 ~~III~~V-A-3 ~~07384MC75~~07384MZX3 SEN 4.~~44305~~40091% 4738,~~772~~047,~~423~~200.2672 ~~176~~139,~~879~~535.~~34 1,044,599.~~16 ~~III-X-3 07384MC83 SEN 0.62500% 0.00 24~~46,~~881~~815.4774 ~~0.00 IV-A-1 07384MC91 SEN 4.97989% 111,939,594.58 464,538.91 1,209,983.68 IV-X-1 07384MD25 SEN 0.21900% 0.00 20,428.98 0.00~~ R-I ~~07384MD33~~07384MZY1 SEN 4.~~38076~~38872% 0.00 0.00 0.00 R-II ~~07384MD41~~07384MZZ8 SEN 4.~~38076~~38872% 0.00 0.00 0.00 ~~R-III 07384MD58 SEN 4.38076% 0.00 0.00 0.00~~ B-1 ~~07384MD66~~07384MA28 SUB 4.~~87902~~72897% 1215,~~725~~819,~~226~~157.0008 5162,~~738~~340.9023 411,~~913~~976.6821 B-2 ~~07384MD74~~07384MA36 SUB 4.~~87902~~72897% 76,~~459~~173,~~639~~307.3377 3024,~~329~~327.8081 24,~~880~~673.4563 B-3 ~~07384MD82~~07384MA44 SUB 4.~~87902~~72897% 4,~~387~~630,~~905~~055.7639 1718,~~840~~246.5815 13,~~694~~505.3328 B-4 ~~07384MD90~~07384MA51 SUB 4.~~87902~~72897% 31,~~949~~928,~~214~~990.9591 167,~~056~~601.9378 1,~~524~~460.9438 B-5 ~~07384ME24~~07384MA69 SUB 4.~~87902~~72897% 2,~~632~~315,~~843~~027.2270 109,~~704~~123.7508 1,~~016~~752.64 B-6 ~~07384ME32~~07384MA77 SUB 4.~~87902~~72897% 1,~~755~~929,~~457~~466.6127 7,~~137~~603.4365 ~~677~~1,460.8574 Totals ~~750~~599,~~304~~416,~~847~~631.4762 32,~~053~~359,~~518~~405.8417 1816,~~226~~357,~~690~~126.1064

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 40121,~~000~~925,~~932~~893.5752 14,~~778~~282,~~094~~567.9040 0.00 I-~~X-1 0.00 0.00 43,059.79 0.00 I-~~A-2 0.00 ~~99,956,490.36 4,542,990.02 0.00 I-X-2 0.00 0.00~~ 7,~~809.69 0.00 I-A-3 0.00 16~~789,~~000,373~~775.0386 ~~715~~273,~~099~~610.4579 0.00 ~~I-X-3 0.00 0.00 13,362.42 0.00~~ II-A-1 0.00 ~~162~~160,~~588~~335,~~579~~859.1346 45,~~830~~711,~~980~~659.8694 0.00 II-~~X-1 0.00 0.00 46,420.22 0.00 II-~~A-2 0.00 3210,~~517~~243,~~715~~634.8382 ~~969~~364,~~920~~910.~~91 0.~~00 ~~II-X-2~~ 0.00 ~~0.00 5,559.31 0.00 II~~III-A-3 0.00 4638,~~210~~388,~~505~~804.3330 1528,~~373,443~~341.9011 0.00 IIIV-~~X-3 0.00 0.00 12,798.42 0.00 III-~~A-1 0.00 69163,~~064~~178,~~895~~641.3669 16,~~809~~781,~~082~~740.8187 0.00 ~~III~~IV-~~X-1 0.00 0.00 33,068.47 0.00 III-~~A-2 0.00 7510,~~383~~425,~~651~~334.7812 2433,~~010,689~~279.9522 0.00 ~~III~~V-A-3 0.00 4638,~~727~~000,~~824~~384.1197 1186,~~221,478~~350.~~50 0.00 III-X-3 0.00 0.00 24,881.47 0.00 IV-A-1 0.00 110,729,610.~~90 ~~1,674,522.59~~ 0.00 ~~IV-X-1 0.00 0.00 20,428.98 0.00~~ R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 ~~R-III 0.00 0.00 0.00 0.00~~ B-1 0.00 1215,~~720~~807,~~312~~180.3287 5674,~~652~~316.5844 0.00 B-2 0.00 76,~~456~~168,~~758~~634.8814 3329,~~210~~001.2544 0.00 B-3 0.00 4,~~386~~626,~~211~~550.4211 1921,~~534~~751.9143 0.00 B-4 0.00 31,~~947~~927,~~690~~530.0153 179,~~581~~062.8716 0.00 B-5 0.00 2,~~631~~313,~~826~~275.5806 1110,~~721~~875.3972 0.00 B-6 0.00 1,~~754~~928,~~779~~005.7753 79,~~815~~064.2839 0.00 Totals 0.00 ~~732~~583,~~078~~059,~~157~~504.3898 2118,~~280~~716,~~208~~531.9481 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 50166,~~000~~273,~~000~~200.00 41125,~~670~~754,~~763~~101.8652 1156,~~686~~299.6146 13,~~658~~771,~~144~~908.6754 0.00 0.00 I-~~X-1 0.00 0.00 0.00 0.00 0.00 0.00 I-~~A-2 ~~124~~10,~~942~~623,~~700~~100.00 ~~104~~8,~~129~~034,~~154~~357.9489 ~~29,203.14 4,143,461.44 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-~~3 20,~~000,000~~596.0094 16240,~~668,305~~985.5409 ~~4,674.65 663,257.87~~ 0.00 0.00 ~~I-X-3 0.00 0.00 0.00 0.00 0.00 0.00~~ II-A-1 ~~201~~224,~~000~~194,~~000~~900.00 ~~166~~165,~~779~~370,~~223~~214.8759 64121,~~379~~377.2110 4,~~126~~912,~~265~~978.5202 0.00 0.00 II-~~X-1 0.00 0.00 0.00 0.00 0.00 0.00 II-~~A-2 4014,~~200~~323,~~000~~500.00 ~~33,355,844.77 12,875.84 825,253.~~10 ~~0.00 0.00 II-X-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-3 57~~,~~127~~565,~~700~~272.0075 477,~~401,559~~754.5461 18313,~~297~~883.6933 ~~1,172,756.51~~ 0.00 0.00 ~~II-X-3 0.00 0.00 0.00 0.00 0.00 0.00~~ III-A-1 8251,~~547~~525,~~700~~800.00 7038,~~608~~748,~~839~~615.10 3323,~~323~~354.2720 1336,~~510,620~~456.4860 0.00 0.00 ~~III~~IV-XA-1 ~~0.00 0.00 0.00 0.00 0.00 0.00 III-A-2 90~~222,~~100~~318,~~000~~100.00 77169,~~068~~285,~~851~~376.14 36185,~~372~~198.0295 15,~~648~~921,~~827~~535.3450 0.00 0.00 ~~III~~IV-A-32 5514,~~850~~203,~~000~~700.00 4710,~~772~~815,~~423~~487.2679 2211,~~545~~832.8119 1378,~~022,053~~321.3548 0.00 0.00 ~~III~~V-~~X-3 0.00 0.00 0.00 0.00 0.00 0.00 IV-~~A-1 ~~124~~39,~~868~~738,~~600~~800.00 ~~111~~38,~~939~~047,~~594~~200.5872 4418,~~169~~151.8670 128,~~165,813~~664.8204 0.00 0.00 ~~IV-X-1 0.00 0.00 0.00 0.00 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 ~~R-III 50.00 0.00 0.00 0.00 0.00 0.00~~ B-1 1215,~~754~~911,~~500~~900.00 1215,~~725~~819,~~226~~157.0008 411,~~913~~976.6821 0.00 0.00 0.00 B-2 76,~~476~~209,~~800~~500.00 76,~~459~~173,~~639~~307.3377 24,~~880~~673.4563 0.00 0.00 0.00 B-3 4,~~398~~657,~~000~~200.00 4,~~387~~630,~~905~~055.7639 13,~~694~~505.3328 0.00 0.00 0.00 B-4 31,~~958~~940,300.00 31,~~949~~928,~~214~~990.9591 1,~~524~~460.9438 0.00 0.00 0.00 B-5 2,~~638~~328,~~900~~600.00 2,~~632~~315,~~843~~027.2270 1,~~016~~752.64 0.00 0.00 0.00 B-6 1,~~759~~940,~~495~~777.9996 1,~~755~~929,~~457~~466.6127 ~~677~~1,460.8574 0.00 0.00 0.00 Totals ~~879~~776,~~622~~189,~~845~~477.9996 ~~750~~599,~~304~~416,~~847~~631.4762 ~~290~~452,~~235~~394.9903 1715,~~936~~904,~~454~~732.1060 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 13,~~669~~828,~~831~~208.2800 40121,~~000~~925,~~932~~893.5752 0.~~80001865~~73328650 13,~~669~~828,~~831~~208.~~28 I-X-1 0.~~00 ~~0.00 0.00000000 0.00~~ I-A-2 4244,~~172,664~~582.5903 997,~~956~~789,~~490~~775.3686 0.~~80001865~~73328650 4244,~~172,664~~582.~~59 I-X-2 0.00 0.00 0.00000000 0.00 I-A-3 667,932.51 16,000,373.~~03 ~~0.80001865 667,932.51 I-X-3 0.00 0.00 0.00000000 0.00~~ II-A-1 45,~~190~~034,~~644~~355.7312 ~~162~~160,~~588~~335,~~579~~859.1346 0.~~80889840~~71516283 45,~~190~~034,~~644~~355.7312 II-~~X-1 0.00 0.00 0.00000000 0.00 II-~~A-2 ~~838~~321,~~128~~637.9594 3210,~~517~~243,~~715~~634.8382 0.~~80889840~~71516283 ~~838~~321,~~128~~637.9594 IIIII-~~X-2 0.00 0.00 0.00000000 0.00 II-~~A-3 1359,~~191,054~~810.2180 4638,~~210~~388,~~505~~804.3330 0.~~80889840~~74504043 1359,~~191,054~~810.2180 IIIV-~~X-3 0.00 0.00 0.00000000 0.00 III-~~A-1 16,~~543~~106,~~943~~734.7445 69163,~~064~~178,~~895~~641.3669 0.~~83666650~~73398721 16,~~543~~106,~~943~~734.7445 ~~III~~IV-~~X-1 0.00 0.00 0.00000000 0.00 III-~~A-2 1390,~~685,199~~153.3668 7510,~~383~~425,~~651~~334.7812 0.~~83666650~~73398721 1390,~~685,199~~153.3668 ~~III~~V-A-3 ~~1,044,599.16~~ 46,~~727,824~~815.1174 ~~0.83666650 1~~38,~~044~~000,~~599~~384.1697 ~~III-X-3~~ 0.0095625396 ~~0.00 0.00000000 0.00 IV-A-1 1~~46,~~209,983~~815.6874 ~~110,729,610.90 0.88676906 1,209,983.68 IV-X-1 0.00 0.00 0.00000000 0.00~~ R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 ~~R-III 0.00 0.00 0.00000000 0.00~~ B-1 411,~~913~~976.6821 1215,~~720~~807,~~312~~180.3287 0.~~99731956~~99341882 411,~~913~~976.6821 B-2 24,~~880~~673.4563 76,~~456~~168,~~758~~634.8814 0.~~99731956~~99341882 24,~~880~~673.4563 B-3 13,~~694~~505.3328 4,~~386~~626,~~211~~550.4211 0.~~99731956~~99341882 13,~~694~~505.3328 B-4 1,~~524~~460.9438 31,~~947~~927,~~690~~530.0153 0.~~99731956~~99341882 1,~~524~~460.9438 B-5 1,~~016~~752.64 2,~~631~~313,~~826~~275.5806 0.~~99731956~~99341882 1,~~016~~752.64 B-6 ~~677~~1,460.8574 1,~~754~~928,~~779~~005.7753 0.~~99731956~~99341891 ~~677~~1,460.8574 Totals 1816,~~226~~357,~~690~~126.1064 ~~732~~583,~~078~~059,~~157~~504.3898 0.~~83226369~~75118192 1816,~~226~~357,~~690~~126.1064

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50166,~~000~~273,~~000~~200.00 ~~833~~756.~~41527720~~31010602 0.~~23373220~~33859612 3322.~~16289340~~68500600 0.00000000 I-~~X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-~~A-2 ~~124~~10,~~942~~623,~~700~~100.00 ~~833~~756.~~41527708~~31010628 0.~~23373226~~33859608 3322.~~16289339~~68500626 0.00000000 ~~I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 20,000,000.00 833.41527700 0.23373250 33.16289350 0.00000000 I-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000~~ II-A-1 ~~201~~224,~~000~~194,~~000~~900.00 ~~829~~737.~~74738244~~61809296 0.~~32029458~~54139100 2021.~~52868418~~91387057 0.00000000 II-~~X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-~~A-2 4014,~~200~~323,~~000~~500.00 ~~829~~737.~~74738234~~61809264 0.~~32029453~~54139072 2021.~~52868408~~91387091 0.00000000 IIIII-~~X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-~~A-3 5751,~~127~~525,~~700~~800.00 ~~829~~752.~~74738244~~02355131 0.~~32029453~~45325255 206.~~52868416~~52986659 0.00000000 IIIV-~~X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-~~A-1 82222,~~547~~318,~~700~~100.00 ~~855~~761.~~37015689~~45566258 0.~~40368502~~83303586 1826.~~29997056~~63541790 0.00000000 ~~III~~IV-~~X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-~~A-2 9014,~~100~~203,~~000~~700.00 ~~855~~761.~~37015694~~45566226 0.~~40368502~~83303576 1826.~~29997048~~63541753 0.00000000 ~~III~~V-A-3 5539,~~850~~738,~~000~~800.00 ~~855~~957.~~37015685~~43204928 0.~~40368505~~45677524 ~~18.29997046~~ 0.~~00000000~~72131116 ~~III-X-3~~ 0.~~00 0.~~00000000 ~~0.00000000 0.00000000 0.00000000 IV-A-1 124,868,600.00 896.45911446 0.35373072 9.33632490 0.00000000 IV-X-1 0.00 0.00000000 0.00000000 0.00000000 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 ~~R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000~~ B-1 1215,~~754~~911,~~500~~900.00 ~~997~~994.~~70481007~~17147418 0.~~38525070~~75265745 0.00000000 0.00000000 B-2 76,~~476~~209,~~800~~500.00 ~~997~~994.~~70481088~~17147435 0.~~38525171~~75265802 0.00000000 0.00000000 B-3 4,~~398~~657,~~000~~200.00 ~~997~~994.~~70481128~~17147428 0.~~38525011~~75265825 0.00000000 0.00000000 B-4 31,~~958~~940,300.00 ~~997~~994.~~70481015~~17147348 0.~~38525124~~75265681 0.00000000 0.00000000 B-5 2,~~638~~328,~~900~~600.00 ~~997~~994.~~70480882~~17147642 0.~~38525143~~75265825 0.00000000 0.00000000 B-6 1,~~759~~940,~~495~~777.9996 ~~997~~994.~~70480864~~17156922 0.~~38525237~~75265694 0.00000000 0.00000000 All Classes are per $1,000 Denomination.

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 3323.~~39662560~~02360212 ~~800~~733.~~01865140~~28650390 0.~~80001865~~73328650 3323.~~39662560~~02360212 I-~~X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-~~A-2 0.00000000 3323.~~39662573~~02360234 ~~800~~733.~~01865143~~28650394 0.~~80001865~~73328650 3323.~~39662573~~02360234 ~~I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 33.39662550 800.01865150 0.80001865 33.39662550 I-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000~~ II-A-1 0.00000000 2022.~~84897876~~45526156 ~~808~~715.~~89840363~~16283136 0.~~80889840~~71516283 2022.~~84897876~~45526156 II-~~X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-~~A-2 0.00000000 2022.~~84897886~~45526163 ~~808~~715.~~89840373~~16283171 0.~~80889840~~71516283 2022.~~84897886~~45526163 IIIII-~~X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-~~A-3 0.00000000 206.~~84897887~~98311914 ~~808~~745.~~89840358~~04043217 0.~~80889840~~74504043 206.~~84897887~~98311914 IIIV-~~X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-~~A-1 0.00000000 1827.~~70365546~~46845376 ~~836~~733.~~66650143~~98720882 0.~~83666650~~73398721 1827.~~70365546~~46845376 ~~III~~IV-~~X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-~~A-2 0.00000000 1827.~~70365549~~46845399 ~~836~~733.~~66650144~~98720897 0.~~83666650~~73398721 1827.~~70365549~~46845399 ~~III~~V-A-3 0.00000000 ~~18.70365551 836.66650152 0.83666650 18.70365551 III-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-~~1 0.~~00000000~~17808640 9956.~~69005563~~25396263 ~~886.76905883~~ 0.~~88676906~~95625396 ~~9.69005563 IV-X-~~1 0.~~00000000~~17808640 ~~0.00000000 0.00000000 0.00000000 0.00000000~~ R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ~~R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000~~ B-1 0.00000000 0.~~38525070~~75265745 ~~997~~993.~~31955937~~41881673 0.~~99731956~~99341882 0.~~38525070~~75265745 B-2 0.00000000 0.~~38525171~~75265802 ~~997~~993.~~31955917~~41881633 0.~~99731956~~99341882 0.~~38525171~~75265802 B-3 0.00000000 0.~~38525011~~75265825 ~~997~~993.~~31955889~~41881603 0.~~99731956~~99341882 0.~~38525011~~75265825 B-4 0.00000000 0.~~38525124~~75265681 ~~997~~993.~~31955890~~41881668 0.~~99731956~~99341882 0.~~38525124~~75265681 B-5 0.00000000 0.~~38525143~~75265825 ~~997~~993.~~31955739~~41881817 0.~~99731956~~99341882 0.~~38525143~~75265825 B-6 0.00000000 0.~~38525237~~75265694 ~~997~~993.~~31956195~~41891228 0.~~99731956~~99341891 0.~~38525237~~75265694 (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 50166,~~000~~273,~~000~~200.00 34.~~11769~~33569% 41125,~~670~~754,~~763~~101.8652 ~~108~~454,~~263~~359.6240 0.00 0.00 I-~~X-1 0.00 1.24000% 41,670,763.86 43,059.79 0.00 0.00 I-~~A-2 ~~124~~10,~~942~~623,~~700~~100.00 4.~~26769~~33569% ~~104~~8,~~129~~034,~~154~~357.9489 ~~370~~29,~~325~~028.4376 0.00 0.00 ~~I-X-2 0.00 0.09000% 104,129,154.94 7,809.69 0.00 0.00 I-A-3 20,000,000.00 3.39569% 16,668,305.54 47,166.94 0.00 0.00 I-X-3 0.00 0.96200% 16,668,305.54 13,362.42 0.00 0.00~~ II-A-1 ~~201~~224,~~000~~194,~~000~~900.00 4.~~60731~~91483% ~~166~~165,~~779~~370,~~223~~214.8759 ~~640~~677,~~336~~304.1382 0.00 0.00 II-~~X-1 0.00 0.33400% 166,779,223.87 46,420.22 0.00 0.00 II-~~A-2 4014,~~200~~323,~~000~~500.00 4.~~74131~~91483% 3310,~~355~~565,~~844~~272.7775 ~~131~~43,~~791~~272.9606 0.00 0.00 IIIII-~~X-2 0.00 0.20000% 33,355,844.77 5,559.31 0.00 0.00 II-X-3 0.00 0.32400% 47,401,559.54 12,798.42 0.00 0.00 II-~~A-3 5751,~~127~~525,~~700~~800.00 45.~~61731~~21919% 4738,~~401~~748,~~559~~615.5410 ~~182~~168,~~389~~530.6931 0.00 0.00 ~~III~~IV-A-1 82222,~~547~~318,~~700~~100.00 4.~~50605~~78487% 70169,~~608~~285,~~839~~376.1014 ~~265~~675,~~139~~006.0742 0.00 0.00 ~~III~~IV-~~X-1 0.00 0.56200% 70,608,839.10 33,068.47 0.00 0.00 III-~~A-2 ~~90,100,000.00 5.06805% 77,068,851.~~14 ~~325~~,~~490.59 0.00 0.00 III-A-3 55~~203,~~850,000~~700.00 4.~~44305~~78487% 4710,~~772~~815,~~423~~487.2679 ~~176~~43,~~879~~125.3454 0.00 0.00 ~~III~~V-~~X-3 0.00 0.62500% 47,772,423.26 24,881.47 0.00 0.00 IV-~~A-1 ~~124~~39,~~868~~738,~~600~~800.00 4.~~97989~~40091% ~~111~~38,~~939~~047,~~594~~200.5872 ~~464~~139,~~538~~535.9116 0.00 0.00 ~~IV-X-1 0.00 0.21900% 111,939,594.58 20,428.98 0.00 0.00~~ R-I 50.00 4.~~38076~~38872% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~38076~~38872% 0.00 0.00 0.00 0.00 ~~R-III 50.00 4.38076% 0.00 0.00 0.00 0.00~~ B-1 1215,~~754~~911,~~500~~900.00 4.~~87902~~72897% 1215,~~725~~819,~~226~~157.0008 5162,~~738~~340.9023 0.00 0.00 B-2 76,~~476~~209,~~800~~500.00 4.~~87902~~72897% 76,~~459~~173,~~639~~307.3377 3024,~~329~~327.8081 0.00 0.00 B-3 4,~~398~~657,~~000~~200.00 4.~~87902~~72897% 4,~~387~~630,~~905~~055.7639 1718,~~840~~246.5815 0.00 0.00 B-4 31,~~958~~940,300.00 4.~~87902~~72897% 31,~~949~~928,~~214~~990.9591 167,~~056~~601.9378 0.00 0.00 B-5 2,~~638~~328,~~900~~600.00 4.~~87902~~72897% 2,~~632~~315,~~843~~027.2270 109,~~704~~123.7508 0.00 0.00 B-6 1,~~759~~940,~~495~~777.9996 4.~~87902~~72897% 1,~~755~~929,~~457~~466.6127 7,~~137~~603.4365 0.00 0.00 Totals ~~879~~776,~~622~~189,~~845~~477.9996 32,~~053~~359,~~518~~405.8417 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 ~~108~~454,~~263~~359.~~62 0.00~~ 40~~,000,932.57~~ ~~I-X-1~~ 0.00 ~~0.00 43~~121,~~059.79 0.00 40~~925,~~000,932~~893.5752 I-A-2 0.00 0.00 ~~370~~29,~~325~~028.4376 0.00 ~~99,956,490.36 I-X-2 0.00 0.00~~ 7,~~809.69 0.00 99~~789,~~956,490~~775.3686 ~~I-A-3 0.00 0.00 47,166.94 0.00 16,000,373.03 I-X-3 0.00 0.00 13,362.42 0.00 16,000,373.03~~ II-A-1 0.00 0.00 ~~640~~677,~~336~~304.1382 0.00 ~~162~~160,~~588~~335,~~579~~859.~~13 II-X-1 0.00 0.00~~ 46~~,420.22~~ ~~0.00 162,588,579.13~~ II-A-2 0.00 0.00 ~~131~~43,~~791~~272.9606 0.00 3210,~~517~~243,~~715~~634.8382 IIIII-~~X-2~~A 0.00 0.00 5168,~~559~~530.31 0.00 3238,~~517~~388,~~715~~804.8330 IIIV-~~X-3 0.00 0.00 12,798.42 0.00 46,210,505.33 II-~~A-~~3 0.00 0.00 182,389.69 0.00 46,210,505.33 III-A-~~1 0.00 0.00 ~~265~~675,~~139~~006.0742 0.00 69163,~~064~~178,~~895~~641.~~36 III-X-1 0.00 0.00 33,068.47 0.00~~ 69~~,064,895.36~~ ~~III~~IV-A-2 0.00 0.00 ~~325~~43,~~490~~125.5954 0.00 7510,~~383~~425,~~651~~334.7812 ~~III~~V-A-3 0.00 0.00 ~~176~~139,~~879~~535.3416 0.00 4638,~~727~~000,~~824~~384.1197 ~~III-X-3 0.00 0.00 24,881.47 0.00 46,727,824.11 IV-A-1 0.00 0.00 464,538.91 0.00 110,729,610.90 IV-X-1 0.00 0.00 20,428.98 0.00 110,729,610.90~~ R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 ~~R-III 0.00 0.00 0.00 0.00 0.00~~ B-1 0.00 0.00 5162,~~738~~340.9023 0.00 1215,~~720~~807,~~312~~180.3287 B-2 0.00 0.00 3024,~~329~~327.8081 0.00 76,~~456~~168,~~758~~634.8814 B-3 0.00 0.00 1718,~~840~~246.5815 0.00 4,~~386~~626,~~211~~550.4211 B-4 0.00 0.00 167,~~056~~601.9378 0.00 31,~~947~~927,~~690~~530.0153 B-5 0.00 0.00 109,~~704~~123.7508 0.00 2,~~631~~313,~~826~~275.5806 B-6 0.00 0.00 7,~~137~~603.4365 0.00 1,~~754~~928,~~779~~005.7753 Totals 0.00 0.00 32,~~053~~359,~~518~~405.8417 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 50166,~~000~~273,~~000~~200.00 34.~~11769~~33569% ~~833~~756.~~41527720~~31010602 2.~~16527240~~73260754 0.00000000 0.00000000 I-~~X-1 0.00 1.24000% 833.41527720 0.86119580 0.00000000 0.00000000 I-~~A-2 ~~124~~10,~~942~~623,~~700~~100.00 4.~~26769~~33569% ~~833~~756.~~41527708~~31010628 2.~~96396212~~73260724 0.00000000 0.00000000 I-X-2 0.00 0.09000% 833.41527708 0.06250617 0.00000000 0.00000000 I-A-3 20,000,000.00 3.39569% 833.41527700 2.35834700 0.00000000 0.00000000 I-X-3 0.00 0.96200% 833.41527700 0.66812100 0.00000000 0.00000000 II-A-1 ~~201~~224,~~000~~194,~~000~~900.00 4.~~60731~~91483% ~~829~~737.~~74738244~~61809296 3.~~18575189~~02105365 0.00000000 0.00000000 II-~~X-1 0.00 0.33400% 829.74738244 0.23094637 0.00000000 0.00000000 II-~~A-2 4014,~~200~~323,~~000~~500.00 4.~~74131~~91483% ~~829~~737.~~74738234~~61809264 3.~~27840697~~02105351 0.00000000 0.00000000 IIIII-~~X-2 0.00 0.20000% 829.74738234 0.13829129 0.00000000 0.00000000 II-X-3 0.00 0.32400% 829.74738244 0.22403177 0.00000000 0.00000000 II-~~A-3 5751,~~127~~525,~~700~~800.00 45.~~61731~~21919% ~~829~~752.~~74738244~~02355131 3.~~19266643~~27079463 0.00000000 0.00000000 ~~III~~IV-A-1 82222,~~547~~318,~~700~~100.00 4.~~50605~~78487% ~~855~~761.~~37015689~~45566258 3.~~21194982~~03621891 0.00000000 0.00000000 ~~III~~IV-~~X-1 0.00 0.56200% 855.37015689 0.40059832 0.00000000 0.00000000 III-~~A-2 9014,~~100~~203,~~000~~700.00 ~~5.06805% 855.37015694 3.61254817 0.00000000 0.00000000 III-A-3 55,850,000.00~~ 4.~~44305~~78487% ~~855~~761.~~37015685~~45566226 3.~~16704279~~03621873 0.00000000 0.00000000 ~~III~~V-~~X-3 0.00 0.62500% 855.37015685 0.44550528 0.00000000 0.00000000 IV-~~A-1 ~~124~~39,~~868~~738,~~600~~800.00 4.~~97989~~40091% ~~896~~957.~~45911446~~43204928 3.~~72022198~~51130784 0.00000000 0.00000000 ~~IV-X-1 0.00 0.21900% 896.45911446 0.16360382 0.00000000 0.00000000~~ R-I 50.00 4.~~38076~~38872% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~38076~~38872% 0.00000000 0.00000000 0.00000000 0.00000000 ~~R-III 50.00 4.38076% 0.00000000 0.00000000 0.00000000 0.00000000~~ B-1 1215,~~754~~911,~~500~~900.00 4.~~87902~~72897% ~~997~~994.~~70481007~~17147418 43.~~05652123~~91783696 0.00000000 0.00000000 B-2 76,~~476~~209,~~800~~500.00 4.~~87902~~72897% ~~997~~994.~~70481088~~17147435 43.~~05652151~~91783718 0.00000000 0.00000000 B-3 4,~~398~~657,~~000~~200.00 4.~~87902~~72897% ~~997~~994.~~70481128~~17147428 43.~~05652115~~91783690 0.00000000 0.00000000 B-4 31,~~958~~940,300.00 4.~~87902~~72897% ~~997~~994.~~70481015~~17147348 43.~~05652174~~91783745 0.00000000 0.00000000 B-5 2,~~638~~328,~~900~~600.00 4.~~87902~~72897% ~~997~~994.~~70480882~~17147642 43.~~05651976~~91783904 0.00000000 0.00000000 B-6 1,~~759~~940,~~495~~777.9996 4.~~87902~~72897% ~~997~~994.~~70480864~~17156922 43.~~05651962~~91783612 0.00000000 0.00000000 All Classes are per $1,000 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.~~16527240~~73260754 0.00000000 ~~800~~733.~~01865140~~28650390 I-~~X-1 0.00000000 0.00000000 0.86119580 0.00000000 800.01865140 I-~~A-2 0.00000000 0.00000000 2.~~96396212~~73260724 0.00000000 ~~800~~733.~~01865143~~28650394 ~~I-X-2 0.00000000 0.00000000 0.06250617 0.00000000 800.01865143 I-A-3 0.00000000 0.00000000 2.35834700 0.00000000 800.01865150 I-X-3 0.00000000 0.00000000 0.66812100 0.00000000 800.01865150~~ II-A-1 0.00000000 0.00000000 3.~~18575189~~02105365 0.00000000 ~~808~~715.~~89840363~~16283136 II-~~X-1 0.00000000 0.00000000 0.23094637 0.00000000 808.89840363 II-~~A-2 0.00000000 0.00000000 3.~~27840697~~02105351 0.00000000 ~~808~~715.~~89840373~~16283171 IIIII-~~X-2 0.00000000 0.00000000 0.13829129 0.00000000 808.89840373 II-X-3 0.00000000 0.00000000 0.22403177 0.00000000 808.89840358 II-~~A-3 0.00000000 0.00000000 3.~~19266643~~27079463 0.00000000 ~~808~~745.~~89840358~~04043217 ~~III~~IV-A-1 0.00000000 0.00000000 3.~~21194982~~03621891 0.00000000 ~~836~~733.~~66650143~~98720882 ~~III~~IV-~~X-1 0.00000000 0.00000000 0.40059832 0.00000000 836.66650143 III-~~A-2 0.00000000 0.00000000 3.~~61254817~~03621873 0.00000000 ~~836~~733.~~66650144~~98720897 ~~III~~V-A-3 0.00000000 0.00000000 3.~~16704279~~51130784 0.00000000 ~~836~~956.~~66650152~~25396263 ~~III-X-3 0.00000000 0.00000000 0.44550528 0.00000000 836.66650152 IV-A-1 0.00000000 0.00000000 3.72022198 0.00000000 886.76905883 IV-X-1 0.00000000 0.00000000 0.16360382 0.00000000 886.76905883~~ R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ~~R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000~~ B-1 0.00000000 0.00000000 43.~~05652123~~91783696 0.00000000 ~~997~~993.~~31955937~~41881673 B-2 0.00000000 0.00000000 43.~~05652151~~91783718 0.00000000 ~~997~~993.~~31955917~~41881633 B-3 0.00000000 0.00000000 43.~~05652115~~91783690 0.00000000 ~~997~~993.~~31955889~~41881603 B-4 0.00000000 0.00000000 43.~~05652174~~91783745 0.00000000 ~~997~~993.~~31955890~~41881668 B-5 0.00000000 0.00000000 43.~~05651976~~91783904 0.00000000 ~~997~~993.~~31955739~~41881817 B-6 0.00000000 0.00000000 43.~~05651962~~91783612 0.00000000 ~~997~~993.~~31956195~~41891228 (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 2118,~~478~~852,~~677~~820.1357 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3140,~~245~~287.6624 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2118,~~509~~893,~~922~~107.7981 Withdrawals Reimbursement for Servicer Advances 5444,~~743~~460.9311 Payment of Service Fee ~~174~~132,~~969~~115.9289 Payment of Interest and Principal 2118,~~280~~716,~~208~~531.9481 Total Withdrawals (Pool Distribution Amount) 2118,~~509~~893,~~922~~107.7981 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~147~~129,~~980~~187.3965 ~~Additional Alliance Service Fee 21,321.64~~ Miscellaneous Fee 52,~~667~~928.8924 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~174~~132,~~969~~115.9289

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 21 0 0 21 ~~493~~75,~~824~~101.4847 0.00 0.00 ~~493~~75,~~824~~101.4847 30 Days 1613 0 0 0 1613 5,~~135~~582,~~599~~508.5999 0.00 0.00 0.00 5,~~135~~582,~~599~~508.5999 60 Days 42 0 0 0 42 1,584,~~402~~047.9100 0.00 0.00 0.00 1,584,~~402~~047.9100 90 Days 2 0 1 0 0 12 0568,439.0005 ~~128,000~~0.00 0.00 0.00 ~~128~~568,~~000~~439.0005 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 01 01 0.00 0.00 0.00 0560,000.00 0560,000.00 Totals 2017 31 0 01 2319 67,~~720~~734,~~002~~995.5004 ~~621~~75,~~824~~101.4847 0.00 0560,000.00 78,~~341~~370,~~826~~096.9851 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.~~098377~~068776% 0.000000% 0.000000% 0.~~098377~~068776% 0.~~067436~~012873% 0.000000% 0.000000% 0.~~067436~~012873% 30 Days 0.~~787014~~894085% 0.000000% 0.000000% 0.000000% 0.~~787014~~894085% 0.~~701305~~956881% 0.000000% 0.000000% 0.000000% 0.~~701305~~956881% 60 Days 0.~~196754~~137552% 0.000000% 0.000000% 0.000000% 0.~~196754~~137552% 0.~~216362~~271517% 0.000000% 0.000000% 0.000000% 0.~~216362~~271517% 90 Days 0.~~000000~~137552% 0.~~049188~~000000% 0.000000% 0.000000% 0.~~049188~~137552% 0.~~000000~~097434% 0.~~017479~~000000% 0.000000% 0.000000% 0.~~017479~~097434% 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~~068776% 0.~~000000~~068776% 0.000000% 0.000000% 0.000000% 0.~~000000~~095988% 0.~~000000~~095988% Totals 01.~~983768~~169188% 0.~~147565~~068776% 0.000000% 0.~~000000~~068776% 1.~~131333~~306740% 01.~~917668~~325832% 0.~~084915~~012873% 0.000000% 0.~~000000~~095988% 1.~~002583~~434693%

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 10 0 0 10 ~~297,824~~0.4800 0.00 0.00 ~~297,824~~0.4800 30 Days 85 0 0 0 85 32,~~061~~411,~~510~~881.3414 0.00 0.00 0.00 32,~~061~~411,~~510~~881.3414 60 Days 1 0 0 0 1 ~~283~~596,~~460~~911.9026 0.00 0.00 0.00 ~~283~~596,~~460~~911.9026 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 01 01 0.00 0.00 0.00 0560,000.00 0560,000.00 Totals 96 1 0 0 101 7 3,~~344~~008,~~971~~792.2440 ~~297,824~~0.4800 0.00 0560,000.00 3,~~642~~568,~~795~~792.7240 0-29 Days 0.~~202429~~000000% 0.000000% 0.000000% 0.~~202429~~000000% 0.~~182074~~000000% 0.000000% 0.000000% 0.~~182074~~000000% 30 Days 1.~~619433~~845018% 0.000000% 0.000000% 0.000000% 1.~~619433~~845018% 1.~~871647~~753032% 0.000000% 0.000000% 0.000000% 1.~~871647~~753032% 60 Days 0.~~202429~~369004% 0.000000% 0.000000% 0.000000% 0.~~202429~~369004% 0.~~173293~~433854% 0.000000% 0.000000% 0.000000% 0.~~173293~~433854% 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~~369004% 0.~~000000~~369004% 0.000000% 0.000000% 0.000000% 0.~~000000~~407026% 0.~~000000~~407026% Totals 12.~~821862~~214022% 0.~~202429~~000000% 0.000000% 0.~~000000~~369004% 2.~~024291~~583026% 2.~~044941~~186886% 0.~~182074~~000000% 0.000000% 0.~~000000~~407026% 2.~~227015~~593911% 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 2 0 0 0 2 ~~460~~1,~~336~~028,467.3364 0.00 0.00 0.00 ~~460~~1,~~336~~028,467.3364 60 Days 20 0 0 0 20 ~~866,764~~0.2400 0.00 0.00 0.00 ~~866,764~~0.2400 90 Days 0 10 0 0 10 0.00 ~~128,000~~0.00 0.00 0.00 ~~128,000~~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 42 10 0 0 52 1,~~327~~028,~~100~~467.5764 ~~128,000~~0.00 0.00 0.00 1,~~455~~028,~~100~~467.5764 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~294551~~527704% 0.000000% 0.000000% 0.000000% 0.~~294551~~527704% 0.~~181963~~567583% 0.000000% 0.000000% 0.000000% 0.~~181963~~567583% 60 Days 0.~~294551~~000000% 0.000000% 0.000000% 0.000000% 0.~~294551~~000000% 0.~~342617~~000000% 0.000000% 0.000000% 0.000000% 0.~~342617~~000000% 90 Days 0.000000% 0.~~147275~~000000% 0.000000% 0.000000% 0.~~147275~~000000% 0.000000% 0.~~050596~~000000% 0.000000% 0.000000% 0.~~050596~~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.~~589102~~527704% 0.~~147275~~000000% 0.000000% 0.000000% 0.~~736377~~527704% 0.~~524580~~567583% 0.~~050596~~000000% 0.000000% 0.000000% 0.~~575176~~567583% 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 10 0 0 10 ~~196,000~~0.00 0.00 0.00 ~~196,000~~0.00 30 Days 52 0 0 0 52 1668,~~516~~525.07 0.00 0.00 0.00 668,~~779~~525.1507 60 Days 0 0 0 0 0 0.00 0.00 0.00 10.00 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 2 0 0 0 2 668,~~516~~525.07 0.00 0.00 0.00 668,~~779~~525.1507 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.083333% 0.000000% 0.000000% 0.000000% 2.083333% 1.643273% 0.000000% 0.000000% 0.000000% 1.643273% 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 2.083333% 0.000000% 0.000000% 0.000000% 2.083333% 1.643273% 0.000000% 0.000000% 0.000000% 1.643273% ~~434~~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 1 0 0 1 75,~~177~~101.7747 0.00 0.00 75,101.47 30 Days 4 0 0 0 4 1,473,635.14 0.00 ~~434~~0.00 0.00 1,~~177~~473,635.7714 9060 Days 01 0 0 0 1 987,135.74 0.00 0.00 0.00 987,135.74 90 Days 2 0 0 0 2 568,439.05 0.00 0.00 0.00 568,439.05 120 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 67 1 0 0 78 13,~~950~~029,~~956~~209.9293 ~~196~~75,~~000~~101.0047 0.00 0.00 23,~~146~~104,~~956~~311.9240 0-29 Days 0.~~174520~~158479% 0.000000% 0.000000% 0.~~174520~~158479% 0.~~097940~~040779% 0.000000% 0.000000% 0.~~097940~~040779% 30 Days 0.~~872600~~633914% 0.000000% 0.000000% 0.000000% 0.~~872600~~633914% 0.~~757925~~800157% 0.000000% 0.000000% 0.000000% 0.~~757925~~800157% 60 Days 0.~~174520~~158479% 0.000000% 0.000000% 0.000000% 0.~~174520~~158479% 0.~~216956~~535997% 0.000000% 0.000000% 0.000000% 0.~~216956~~535997% 90 Days 0.~~000000~~316957% 0.000000% 0.000000% 0.000000% 0.~~000000~~316957% 0.~~000000~~308652% 0.000000% 0.000000% 0.000000% 0.~~000000~~308652% 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 1.~~047120~~109350% 0.~~174520~~158479% 0.000000% 0.000000% 1.~~221640~~267829% 01.~~974881~~644806% 0.~~097940~~040779% 0.000000% 0.000000% 1.~~072821~~685585% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 45 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 ~~96,973~~0.7700 0.00 0.00 0.00 ~~96,973~~0.7700 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 ~~96,973~~0.7700 0.00 0.00 0.00 ~~96,973~~0.7700 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~348432~~000000% 0.000000% 0.000000% 0.000000% 0.~~348432~~000000% 0.~~083878~~000000% 0.000000% 0.000000% 0.000000% 0.~~083878~~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.~~348432~~000000% 0.000000% 0.000000% 0.000000% 0.~~348432~~000000% 0.~~083878~~000000% 0.000000% 0.000000% 0.000000% 0.~~083878~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3140,~~245~~287.6624

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 54.~~163483~~987892% Weighted Average Net Coupon 4.~~926811~~729265% Weighted Average Pass-Through Rate 4.~~883645~~723403% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count 21,~~078~~494 Number Of Loans Paid In Full 4540 Ending Scheduled Collateral Loan Count 21,~~033~~454 Beginning Scheduled Collateral Balance ~~750~~599,~~304~~416,~~847~~631.4332 Ending Scheduled Collateral Balance ~~732~~583,~~078~~059,~~157~~504.3368 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~732~~583,~~291~~406,~~398~~814.7056 Monthly P &I Constant 32,~~518~~943,~~724~~915.7011 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~732~~583,~~078~~059,~~157~~504.3368 Scheduled Principal ~~290~~452,~~235~~394.9904 Unscheduled Principal 1715,~~936~~904,~~454~~732.1160

Miscellaneous Reporting ~~Average~~Senior ~~Loss~~Percentage ~~Severity~~ Group 1 094.00474139% ~~Average~~Senior ~~Loss~~Prepayment ~~Severity~~Percentage Group 21 0100.00000000% ~~Average~~Subordinate ~~Loss~~Percentage ~~Severity~~ Group 31 05.00525861% ~~Average~~Subordinate ~~Loss~~Prepay ~~Severity~~Percentage Group 41 0.00000000% Senior Percentage Group 12 9594.~~541128~~354212% Senior Prepayment Percentage Group 2 95100.~~524997~~000000% ~~Senior~~Subordinate Percentage Group 32 955.~~655004~~645788% ~~Senior~~Subordinate Prepay Percentage Group 42 950.~~844230~~000000% Senior ~~Prepay~~ Percentage Group 13 ~~100~~94.~~000000~~452837% Senior ~~Prepay~~Prepayment Percentage Group 23 100.000000% ~~Senior~~Subordinate ~~Prepay~~ Percentage Group 3 ~~100~~5.~~000000~~547163% ~~Senior~~Subordinate Prepay Percentage Group 43 ~~100~~0.000000% ~~Subordinate~~Senior Percentage Group 1 4 94.~~458872~~535691% ~~Subordinate~~Senior Prepayment Percentage Group 2 4 100.~~475003~~000000% Subordinate Percentage Group 3 4 5.~~344996~~464309% Subordinate Prepay Percentage Group 4 40.~~155770~~000000% ~~Subordinate~~Senior ~~Prepay~~ Percentage Group 15 095.~~000000~~584688% ~~Subordinate~~Senior ~~Prepay~~Prepayment Percentage Group 25 0100.000000% Subordinate ~~Prepay~~ Percentage Group 35 04.~~000000~~415312% Subordinate Prepay Percentage Group 45 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description ~~Mixed~~Fixed 15/30 & ARM ~~Mixed~~Fixed 15/30 & ARM ~~Mixed~~Fixed 15/30 & ARM Weighted Average Coupon Rate 4.~~633794~~591267 5.~~228552~~173422 5.~~333726~~496468 Weighted Average Net Rate 4.~~402454~~341267 54.~~017160~~923422 5.~~086684~~224192 Weighted Average Maturity ~~352~~351 ~~352~~351 ~~352~~351 Beginning Loan Count ~~510~~278 ~~694~~389 ~~584~~97 Loans Paid In Full 167 1510 111 Ending Loan Count ~~494~~271 ~~679~~379 ~~573~~96 Beginning Scheduled Balance ~~170~~141,~~050~~613,~~570~~851.1772 ~~259~~186,~~132~~462,~~843~~790.3458 ~~204~~41,~~328~~024,~~174~~302.4801 Ending scheduled Balance ~~163~~137,~~538~~537,~~015~~558.31 ~~252~~181,~~908~~099,~~539~~070.1578 ~~200~~40,~~050~~663,~~242~~119.3063 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant ~~704~~605,~~340~~222.3729 1940,~~229,103~~734.6704 1212,~~004,623~~633.1608 Scheduled Principal 4763,~~690~~399.8878 ~~100~~136,~~029~~858.0545 9624,~~431~~725.0178 Unscheduled Principal 64,~~464~~012,~~863~~893.9863 65,~~124~~226,~~275~~861.1435 4336,~~181,501~~456.1760 Scheduled Interest ~~656~~541,~~649~~822.4951 1803,~~129,074~~875.6259 ~~908~~187,~~192~~907.1530 Servicing Fees 3229,~~782~~502.9189 4538,~~648~~846.7941 429,~~064~~308.7129 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 ~~6,344~~657.1371 161,~~379~~335.7273 ~~3,173~~171.1300 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 ~~617~~511,~~522~~661.4591 1763,~~067,046~~693.1145 ~~862~~178,~~954~~428.3101 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.~~357686~~335694 4.~~941309~~914826 5.~~068049~~219190

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description ~~Mixed~~Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~492500~~047038 54.~~163483~~722622 4.987892 Weighted Average Net Rate 54.~~210114~~789676 4.~~926811~~400907 4.729265 Weighted Average Maturity ~~352~~348 ~~352~~349 350 Beginning Loan Count ~~290~~653 277 1,~~078~~494 Loans Paid In Full 322 450 40 Ending Loan Count ~~287~~631 277 1,~~033~~454 Beginning Scheduled Balance ~~116~~190,~~793~~510,~~259~~982.44 ~~750~~39,~~304~~804,~~847~~704.4357 599,416,631.32 Ending scheduled Balance ~~115~~184,~~581~~002,~~360~~705.5761 ~~732~~39,~~078~~757,~~157~~050.3335 583,059,504.68 Record Date 0607/3031/2004 0607/3031/2004 07/31/2004 Principal And Interest Constant ~~580~~1,~~657~~009,683.5038 3175,~~518~~642.32 2,~~724~~943,915.7011 Scheduled Principal 46208,~~085~~419.0585 ~~290~~18,~~235~~990.9918 452,394.04 Unscheduled Principal 16,~~165~~299,~~813~~856.8298 1728,~~936~~664.04 15,~~454~~904,732.1160 Scheduled Interest ~~534~~801,~~572~~263.4553 3156,~~228~~652.14 2,~~488~~491,521.7107 Servicing Fees 2740,~~483~~858.9859 ~~147~~10,~~980~~671.3947 129,187.65 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 ~~1,092~~763.5580 260.00 2,~~989~~928.5324 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 ~~505~~759,~~995~~641.9214 3145,~~053~~980.67 2,~~518~~359,405.7918 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 54.~~198888~~784865 4.~~883645~~400907 4.723403

Filing Compare · MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-9