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: 67/3031/042004 Distribution Date: 78/2625/042004 BST Series: 2003-8 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 07384MZQ8 SEN 4.~~33843~~33569% ~~128~~125,~~022~~754,~~434~~101.5952 ~~462~~454,~~846~~359.5440 23,~~268~~828,~~333~~208.0700 I-A-2 07384MZR6 SEN 4.~~33843~~33569% 8,~~179~~034,~~280~~357.3989 29,~~571~~028.0076 ~~144~~244,~~922~~582.5103 II-A-1 07384MZS4 SEN 4.~~91968~~91483% ~~172~~165,~~139~~370,~~391~~214.9559 ~~705~~677,~~724~~304.8482 65,~~769~~034,~~177~~355.3612 II-A-2 07384MZT2 SEN 4.~~91968~~91483% 10,~~997~~565,~~746~~272.0775 4543,~~087~~272.7806 ~~432~~321,~~473~~637.3294 III-A 07384MZU9 SEN 5.~~22397~~21919% 4038,~~158~~748,~~050~~615.7210 ~~174~~168,~~820~~530.2631 1359,~~409,435~~810.6180 IV-A-1 07384MZV7 SEN 4.~~79250~~78487% ~~175~~169,~~413~~285,~~760~~376.8214 ~~700~~675,~~558~~006.1542 6,~~128~~106,~~384~~734.6845 IV-A-2 07384MZW5 SEN 4.~~79250~~78487% 1110,~~207~~815,~~024~~487.6879 4443,~~758~~125.0254 ~~391~~390,~~536~~153.8968 V-A 07384MZX3 SEN 4.~~40086~~40091% 38,~~094~~047,~~167~~200.4672 139,~~705~~535.7816 46,~~966~~815.74 R-I 07384MZY1 SEN 4.~~38823~~38872% 0.00 0.00 0.00 R-II 07384MZZ8 SEN 4.~~38823~~38872% 0.00 0.00 0.00 B-1 07384MA28 SUB 4.~~73396~~72897% 15,~~831~~819,~~075~~157.6108 62,~~453~~340.0723 11,~~918~~976.5221 B-2 07384MA36 SUB 4.~~73396~~72897% 6,~~177~~173,~~958~~307.8877 24,~~371~~327.8581 4,~~651~~673.1163 B-3 07384MA44 SUB 4.~~73396~~72897% 4,~~633~~630,~~543~~055.7839 18,~~279~~246.1815 3,~~488~~505.3928 B-4 07384MA51 SUB 4.~~73396~~72897% 1,~~930~~928,~~444~~990.2691 7,~~615~~601.5478 1,~~453~~460.3538 B-5 07384MA69 SUB 4.~~73396~~72897% 2,~~316~~315,~~771~~027.8970 9,~~139~~123.5908 1,~~744~~752.2064 B-6 07384MA77 SUB 4.~~73396~~72897% 1,~~930~~929,~~919~~466.9727 7,~~617~~603.4265 1,~~453~~460.7074 Totals ~~617~~599,~~032~~416,~~571~~631.0762 2,~~432~~359,~~549~~405.02 17 16,~~615~~357,~~939~~126.4564

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~125~~121,~~754~~925,~~101~~893.52 24,~~731~~282,~~179~~567.6140 0.00 I-A-2 0.00 87,~~034~~789,~~357~~775.8986 ~~174~~273,~~493~~610.5179 0.00 II-A-1 0.00 ~~165~~160,~~370~~335,~~214~~859.5946 75,~~474~~711,~~902~~659.2094 0.00 II-A-2 0.00 10,~~565~~243,~~272~~634.7582 ~~477~~364,~~561~~910.1000 0.00 III-A 0.00 38,~~748~~388,~~615~~804.1030 1528,~~584,255~~341.8711 0.00 IV-A-1 0.00 ~~169~~163,~~285~~178,~~376~~641.1469 6,~~828~~781,~~942~~740.8387 0.00 IV-A-2 0.00 10,~~815~~425,~~487~~334.7912 ~~436~~433,~~294~~279.9122 0.00 V-A 0.00 38,~~047~~000,~~200~~384.7297 186,~~672~~350.5290 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 15,~~819~~807,~~157~~180.0887 74,~~371~~316.5944 0.00 B-2 0.00 6,~~173~~168,~~307~~634.7714 29,~~022~~001.9644 0.00 B-3 0.00 4,~~630~~626,~~055~~550.3911 21,~~767~~751.5743 0.00 B-4 0.00 1,~~928~~927,~~990~~530.9153 9,~~068~~062.8916 0.00 B-5 0.00 2,~~315~~313,~~027~~275.7006 10,~~883~~875.7972 0.00 B-6 0.00 1,~~929~~928,~~466~~005.2753 9,~~071~~064.1239 0.00 Totals 0.00 ~~599~~583,~~416~~059,~~631~~504.6298 2018,~~048~~716,~~488~~531.4781 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-1 166,273,200.00 ~~128~~125,~~022~~754,~~434~~101.5952 5756,~~288~~299.0246 23,~~211~~771,~~045~~908.0554 0.00 0.00 I-A-2 10,623,100.00 8,~~179~~034,~~280~~357.3989 3,~~660~~596.1094 ~~141~~240,~~262~~985.4109 0.00 0.00 II-A-1 224,194,900.00 ~~172~~165,~~139~~370,~~391~~214.9559 ~~126~~121,~~201~~377.3210 64,~~642~~912,~~976~~978.0402 0.00 0.00 II-A-2 14,323,500.00 10,~~997~~565,~~746~~272.0775 87,~~062~~754.8361 ~~424~~313,~~410~~883.4933 0.00 0.00 III-A 51,525,800.00 4038,~~158~~748,~~050~~615.7210 2423,~~819~~354.8420 1336,~~384,615~~456.7760 0.00 0.00 IV-A-1 222,318,100.00 ~~175~~169,~~413~~285,~~760~~376.8214 ~~189~~185,~~204~~198.8395 5,~~939~~921,~~179~~535.8550 0.00 0.00 IV-A-2 14,203,700.00 1110,~~207~~815,~~024~~487.6879 1211,~~088~~832.1219 ~~379~~378,~~448~~321.7748 0.00 0.00 V-A 39,738,800.00 38,~~094~~047,~~167~~200.4672 18,~~075~~151.9970 28,~~890~~664.7504 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 B-1 15,911,900.00 15,~~831~~819,~~075~~157.6108 11,~~918~~976.5221 0.00 0.00 0.00 B-2 6,209,500.00 6,~~177~~173,~~958~~307.8877 4,~~651~~673.1163 0.00 0.00 0.00 B-3 4,657,200.00 4,~~633~~630,~~543~~055.7839 3,~~488~~505.3928 0.00 0.00 0.00 B-4 1,940,300.00 1,~~930~~928,~~444~~990.2691 1,~~453~~460.3538 0.00 0.00 0.00 B-5 2,328,600.00 2,~~316~~315,~~771~~027.8970 1,~~744~~752.2064 0.00 0.00 0.00 B-6 1,940,777.96 1,~~930~~929,~~919~~466.9727 1,~~453~~460.7074 0.00 0.00 0.00 Totals 776,189,477.96 ~~617~~599,~~032~~416,~~571~~631.0762 ~~464~~452,~~110~~394.3203 1715,~~151~~904,~~829~~732.1360 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 23,~~268~~828,~~333~~208.0700 ~~125~~121,~~754~~925,~~101~~893.52 0.~~75631011~~73328650 23,~~268~~828,~~333~~208.0700 I-A-2 ~~144~~244,~~922~~582.5103 87,~~034~~789,~~357~~775.8986 0.~~75631011~~73328650 ~~144~~244,~~922~~582.5103 II-A-1 65,~~769~~034,~~177~~355.3612 ~~165~~160,~~370~~335,~~214~~859.5946 0.~~73761809~~71516283 65,~~769~~034,~~177~~355.3612 II-A-2 ~~432~~321,~~473~~637.3294 10,~~565~~243,~~272~~634.7582 0.~~73761809~~71516283 ~~432~~321,~~473~~637.3294 III-A 1359,~~409,435~~810.6180 38,~~748~~388,~~615~~804.1030 0.~~75202355~~74504043 1359,~~409,435~~810.6180 IV-A-1 6,~~128~~106,~~384~~734.6845 ~~169~~163,~~285~~178,~~376~~641.1469 0.~~76145566~~73398721 6,~~128~~106,~~384~~734.6845 IV-A-2 ~~391~~390,~~536~~153.8968 10,~~815~~425,~~487~~334.7912 0.~~76145566~~73398721 ~~391~~390,~~536~~153.8968 V-A 46,~~966~~815.74 38,~~047~~000,~~200~~384.7297 0.~~95743205~~95625396 46,~~966~~815.74 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 11,~~918~~976.5221 15,~~819~~807,~~157~~180.0887 0.~~99417147~~99341882 11,~~918~~976.5221 B-2 4,~~651~~673.1163 6,~~173~~168,~~307~~634.7714 0.~~99417147~~99341882 4,~~651~~673.1163 B-3 3,~~488~~505.3928 4,~~630~~626,~~055~~550.3911 0.~~99417147~~99341882 3,~~488~~505.3928 B-4 1,~~453~~460.3538 1,~~928~~927,~~990~~530.9153 0.~~99417147~~99341882 1,~~453~~460.3538 B-5 1,~~744~~752.2064 2,~~315~~313,~~027~~275.7006 0.~~99417148~~99341882 1,~~744~~752.2064 B-6 1,~~453~~460.7074 1,~~929~~928,~~466~~005.2753 0.~~99417157~~99341891 1,~~453~~460.7074 Totals 1716,~~615~~357,~~939~~126.4564 ~~599~~583,~~416~~059,~~631~~504.6298 0.~~77225555~~75118192 1716,~~615~~357,~~939~~126.4564

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 166,273,200.00 ~~769~~756.~~95231096~~31010602 0.~~34454151~~33859612 1322.~~29766342~~68500600 0.00000000 I-A-2 10,623,100.00 ~~769~~756.~~95231053~~31010628 0.~~34454161~~33859608 1322.~~29766358~~68500626 0.00000000 II-A-1 224,194,900.00 ~~767~~737.~~81136391~~61809296 0.~~56290897~~54139100 2921.~~63036198~~91387057 0.00000000 II-A-2 14,323,500.00 ~~767~~737.~~81136384~~61809264 0.~~56290921~~54139072 2921.~~63036199~~91387091 0.00000000 III-A 51,525,800.00 ~~779~~752.~~37752970~~02355131 0.~~48169732~~45325255 266.~~87228088~~52986659 0.00000000 IV-A-1 222,318,100.00 ~~789~~761.~~02150036~~45566258 0.~~85105455~~83303586 26.~~71478323~~63541790 0.00000000 IV-A-2 14,203,700.00 ~~789~~761.~~02150003~~45566226 0.~~85105430~~83303576 26.~~71478347~~63541753 0.00000000 V-A 39,738,800.00 ~~958~~957.~~61393550~~43204928 0.~~45487005~~45677524 0.~~72701617~~72131116 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 B-1 15,911,900.00 994.~~92050666~~17147418 0.~~74903186~~75265745 0.00000000 0.00000000 B-2 6,209,500.00 994.~~92050568~~17147435 0.~~74903132~~75265802 0.00000000 0.00000000 B-3 4,657,200.00 994.~~92050588~~17147428 0.~~74903161~~75265825 0.00000000 0.00000000 B-4 1,940,300.00 994.~~92050714~~17147348 0.~~74903365~~75265681 0.00000000 0.00000000 B-5 2,328,600.00 994.~~92050588~~17147642 0.~~74903375~~75265825 0.00000000 0.00000000 B-6 1,940,777.96 994.~~92059875~~17156922 0.~~74902953~~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 1323.~~64220494~~02360212 ~~756~~733.~~31010602~~28650390 0.~~75631011~~73328650 1323.~~64220494~~02360212 I-A-2 0.00000000 1323.~~64220519~~02360234 ~~756~~733.~~31010628~~28650394 0.~~75631011~~73328650 1323.~~64220519~~02360234 II-A-1 0.00000000 3022.~~19327094~~45526156 ~~737~~715.~~61809296~~16283136 0.~~73761809~~71516283 3022.~~19327094~~45526156 II-A-2 0.00000000 3022.~~19327120~~45526163 ~~737~~715.~~61809264~~16283171 0.~~73761809~~71516283 3022.~~19327120~~45526163 III-A 0.00000000 276.~~35397820~~98311914 ~~752~~745.~~02355131~~04043217 0.~~75202355~~74504043 276.~~35397820~~98311914 IV-A-1 0.00000000 27.~~56583778~~46845376 ~~761~~733.~~45566258~~98720882 0.~~76145566~~73398721 27.~~56583778~~46845376 IV-A-2 0.00000000 27.~~56583777~~46845399 ~~761~~733.~~45566226~~98720897 0.~~76145566~~73398721 27.~~56583777~~46845399 V-A 0.00000000 1.~~18188622~~17808640 ~~957~~956.~~43204928~~25396263 0.~~95743205~~95625396 1.~~18188622~~17808640 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~74903186~~75265745 ~~994~~993.~~17147418~~41881673 0.~~99417147~~99341882 0.~~74903186~~75265745 B-2 0.00000000 0.~~74903132~~75265802 ~~994~~993.~~17147435~~41881633 0.~~99417147~~99341882 0.~~74903132~~75265802 B-3 0.00000000 0.~~74903161~~75265825 ~~994~~993.~~17147428~~41881603 0.~~99417147~~99341882 0.~~74903161~~75265825 B-4 0.00000000 0.~~74903365~~75265681 ~~994~~993.~~17147348~~41881668 0.~~99417147~~99341882 0.~~74903365~~75265681 B-5 0.00000000 0.~~74903375~~75265825 ~~994~~993.~~17147642~~41881817 0.~~99417148~~99341882 0.~~74903375~~75265825 B-6 0.00000000 0.~~74902953~~75265694 ~~994~~993.~~17156922~~41891228 0.~~99417157~~99341891 0.~~74902953~~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-1 166,273,200.00 4.~~33843~~33569% ~~128~~125,~~022~~754,~~434~~101.5952 ~~462~~454,~~846~~359.5440 0.00 0.00 I-A-2 10,623,100.00 4.~~33843~~33569% 8,~~179~~034,~~280~~357.3989 29,~~571~~028.0076 0.00 0.00 II-A-1 224,194,900.00 4.~~91968~~91483% ~~172~~165,~~139~~370,~~391~~214.9559 ~~705~~677,~~724~~304.8482 0.00 0.00 II-A-2 14,323,500.00 4.~~91968~~91483% 10,~~997~~565,~~746~~272.0775 4543,~~087~~272.7806 0.00 0.00 III-A 51,525,800.00 5.~~22397~~21919% 4038,~~158~~748,~~050~~615.7210 ~~174~~168,~~820~~530.2631 0.00 0.00 IV-A-1 222,318,100.00 4.~~79250~~78487% ~~175~~169,~~413~~285,~~760~~376.8214 ~~700~~675,~~558~~006.1542 0.00 0.00 IV-A-2 14,203,700.00 4.~~79250~~78487% 1110,~~207~~815,~~024~~487.6879 4443,~~758~~125.0254 0.00 0.00 V-A 39,738,800.00 4.~~40086~~40091% 38,~~094~~047,~~167~~200.4672 139,~~705~~535.7816 0.00 0.00 R-I 50.00 4.~~38823~~38872% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~38823~~38872% 0.00 0.00 0.00 0.00 B-1 15,911,900.00 4.~~73396~~72897% 15,~~831~~819,~~075~~157.6108 62,~~453~~340.0723 0.00 0.00 B-2 6,209,500.00 4.~~73396~~72897% 6,~~177~~173,~~958~~307.8877 24,~~371~~327.8581 0.00 0.00 B-3 4,657,200.00 4.~~73396~~72897% 4,~~633~~630,~~543~~055.7839 18,~~279~~246.1815 0.00 0.00 B-4 1,940,300.00 4.~~73396~~72897% 1,~~930~~928,~~444~~990.2691 7,~~615~~601.5478 0.00 0.00 B-5 2,328,600.00 4.~~73396~~72897% 2,~~316~~315,~~771~~027.8970 9,~~139~~123.5908 0.00 0.00 B-6 1,940,777.96 4.~~73396~~72897% 1,~~930~~929,~~919~~466.9727 7,~~617~~603.4265 0.00 0.00 Totals 776,189,477.96 2,~~432~~359,~~549~~405.0217 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 ~~462~~454,~~846~~359.5440 0.00 ~~125~~121,~~754~~925,~~101~~893.52 I-A-2 0.00 0.00 29,~~571~~028.0076 0.00 87,~~034~~789,~~357~~775.8986 II-A-1 0.00 0.00 ~~705~~677,~~724~~304.8482 0.00 ~~165~~160,~~370~~335,~~214~~859.5946 II-A-2 0.00 0.00 4543,~~087~~272.7806 0.00 10,~~565~~243,~~272~~634.7582 III-A 0.00 0.00 ~~174~~168,~~820~~530.2631 0.00 38,~~748~~388,~~615~~804.1030 IV-A-1 0.00 0.00 ~~700~~675,~~558~~006.1542 0.00 ~~169~~163,~~285~~178,~~376~~641.1469 IV-A-2 0.00 0.00 4443,~~758~~125.0254 0.00 10,~~815~~425,~~487~~334.7912 V-A 0.00 0.00 139,~~705~~535.7816 0.00 38,~~047~~000,~~200~~384.7297 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 62,~~453~~340.0723 0.00 15,~~819~~807,~~157~~180.0887 B-2 0.00 0.00 24,~~371~~327.8581 0.00 6,~~173~~168,~~307~~634.7714 B-3 0.00 0.00 18,~~279~~246.1815 0.00 4,~~630~~626,~~055~~550.3911 B-4 0.00 0.00 7,~~615~~601.5478 0.00 1,~~928~~927,~~990~~530.9153 B-5 0.00 0.00 9,~~139~~123.5908 0.00 2,~~315~~313,~~027~~275.7006 B-6 0.00 0.00 7,~~617~~603.4265 0.00 1,~~929~~928,~~466~~005.2753 Totals 0.00 0.00 2,~~432~~359,~~549~~405.0217 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-1 166,273,200.00 4.~~33843~~33569% ~~769~~756.~~95231096~~31010602 2.~~78365088~~73260754 0.00000000 0.00000000 I-A-2 10,623,100.00 4.~~33843~~33569% ~~769~~756.~~95231053~~31010628 2.~~78365072~~73260724 0.00000000 0.00000000 II-A-1 224,194,900.00 4.~~91968~~91483% ~~767~~737.~~81136391~~61809296 3.~~14781844~~02105365 0.00000000 0.00000000 II-A-2 14,323,500.00 4.~~91968~~91483% ~~767~~737.~~81136384~~61809264 3.~~14781862~~02105351 0.00000000 0.00000000 III-A 51,525,800.00 5.~~22397~~21919% ~~779~~752.~~37752970~~02355131 3.~~39286843~~27079463 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.~~79250~~78487% ~~789~~761.~~02150036~~45566258 3.~~15115211~~03621891 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.~~79250~~78487% ~~789~~761.~~02150003~~45566226 3.~~15115216~~03621873 0.00000000 0.00000000 V-A 39,738,800.00 4.~~40086~~40091% ~~958~~957.~~61393550~~43204928 3.~~51560138~~51130784 0.00000000 0.00000000 R-I 50.00 4.~~38823~~38872% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~38823~~38872% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.~~73396~~72897% 994.~~92050666~~17147418 3.~~92492851~~91783696 0.00000000 0.00000000 B-2 6,209,500.00 4.~~73396~~72897% 994.~~92050568~~17147435 3.~~92492954~~91783718 0.00000000 0.00000000 B-3 4,657,200.00 4.~~73396~~72897% 994.~~92050588~~17147428 3.~~92492914~~91783690 0.00000000 0.00000000 B-4 1,940,300.00 4.~~73396~~72897% 994.~~92050714~~17147348 3.~~92492913~~91783745 0.00000000 0.00000000 B-5 2,328,600.00 4.~~73396~~72897% 994.~~92050588~~17147642 3.~~92492914~~91783904 0.00000000 0.00000000 B-6 1,940,777.96 4.~~73396~~72897% 994.~~92059875~~17156922 3.~~92493122~~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.~~78365088~~73260754 0.00000000 ~~756~~733.~~31010602~~28650390 I-A-2 0.00000000 0.00000000 2.~~78365072~~73260724 0.00000000 ~~756~~733.~~31010628~~28650394 II-A-1 0.00000000 0.00000000 3.~~14781844~~02105365 0.00000000 ~~737~~715.~~61809296~~16283136 II-A-2 0.00000000 0.00000000 3.~~14781862~~02105351 0.00000000 ~~737~~715.~~61809264~~16283171 III-A 0.00000000 0.00000000 3.~~39286843~~27079463 0.00000000 ~~752~~745.~~02355131~~04043217 IV-A-1 0.00000000 0.00000000 3.~~15115211~~03621891 0.00000000 ~~761~~733.~~45566258~~98720882 IV-A-2 0.00000000 0.00000000 3.~~15115216~~03621873 0.00000000 ~~761~~733.~~45566226~~98720897 V-A 0.00000000 0.00000000 3.~~51560138~~51130784 0.00000000 ~~957~~956.~~43204928~~25396263 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~92492851~~91783696 0.00000000 ~~994~~993.~~17147418~~41881673 B-2 0.00000000 0.00000000 3.~~92492954~~91783718 0.00000000 ~~994~~993.~~17147435~~41881633 B-3 0.00000000 0.00000000 3.~~92492914~~91783690 0.00000000 ~~994~~993.~~17147428~~41881603 B-4 0.00000000 0.00000000 3.~~92492913~~91783745 0.00000000 ~~994~~993.~~17147348~~41881668 B-5 0.00000000 0.00000000 3.~~92492914~~91783904 0.00000000 ~~994~~993.~~17147642~~41881817 B-6 0.00000000 0.00000000 3.~~92493122~~91783612 0.00000000 ~~994~~993.~~17156922~~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 2018,~~177~~852,~~405~~820.2757 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4440,~~460~~287.1124 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2018,~~221~~893,~~865~~107.3881 Withdrawals Reimbursement for Servicer Advances 3744,~~368~~460.5711 Payment of Service Fee ~~136~~132,~~008~~115.3489 Payment of Interest and Principal 2018,~~048~~716,~~488~~531.4781 Total Withdrawals (Pool Distribution Amount) 2018,~~221~~893,~~865~~107.3881 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~132~~129,~~902~~187.3665 Miscellaneous Fee 32,~~105~~928.9824 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~136~~132,~~008~~115.3489

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 1 0 0 1 75,~~185~~101.3247 0.00 0.00 75,~~185~~101.3247 30 Days 1413 0 0 0 1413 5,~~855~~582,~~711~~508.1999 0.00 0.00 0.00 5,~~855~~582,~~711~~508.1999 60 Days 42 0 0 0 4 2 1,~~154~~584,~~782~~047.9700 0.00 0.00 0.00 21,~~154~~584,~~782~~047.9700 90 Days 12 0 0 0 12 ~~309~~568,~~135~~439.8805 0.00 0.00 0.00 ~~309~~568,~~135~~439.8805 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 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 1917 1 0 1 2119 87,~~319~~734,~~630~~995.04 75,~~185~~101.3247 0.00 560,000.00 8,~~954~~370,~~815~~096.3651 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.~~066934~~068776% 0.000000% 0.000000% 0.~~066934~~068776% 0.~~012535~~012873% 0.000000% 0.000000% 0.~~012535~~012873% 30 Days 0.~~937082~~894085% 0.000000% 0.000000% 0.000000% 0.~~937082~~894085% 0.~~976305~~956881% 0.000000% 0.000000% 0.000000% 0.~~976305~~956881% 60 Days 0.~~267738~~137552% 0.000000% 0.000000% 0.000000% 0.~~267738~~137552% 0.~~359260~~271517% 0.000000% 0.000000% 0.000000% 0.~~359260~~271517% 90 Days 0.~~066934~~137552% 0.000000% 0.000000% 0.000000% 0.~~066934~~137552% 0.~~051541~~097434% 0.000000% 0.000000% 0.000000% 0.~~051541~~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.~~066934~~068776% 0.~~066934~~068776% 0.000000% 0.000000% 0.000000% 0.~~093367~~095988% 0.~~093367~~095988% Totals 1.~~271754~~169188% 0.~~066934~~068776% 0.000000% 0.~~066934~~068776% 1.~~405622~~306740% 1.~~387106~~325832% 0.~~012535~~012873% 0.000000% 0.~~093367~~095988% 1.~~493009~~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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 35 0 0 0 35 12,~~247~~411,~~765~~881.9614 0.00 0.00 0.00 12,~~247~~411,~~765~~881.9614 60 Days 21 0 0 0 21 ~~906~~596,~~899~~911.5326 0.00 0.00 0.00 ~~906~~596,~~899~~911.5326 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 1 1 0.00 0.00 0.00 560,000.00 560,000.00 Totals 56 0 0 1 67 23,~~154~~008,~~665~~792.4940 0.00 0.00 560,000.00 23,~~714~~568,~~665~~792.4940 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~079137~~845018% 0.000000% 0.000000% 0.000000% 1.~~079137~~845018% 01.~~880814~~753032% 0.000000% 0.000000% 0.000000% 01.~~880814~~753032% 60 Days 0.~~719424~~369004% 0.000000% 0.000000% 0.000000% 0.~~719424~~369004% 0.~~640192~~433854% 0.000000% 0.000000% 0.000000% 0.~~640192~~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.~~359712~~369004% 0.~~359712~~369004% 0.000000% 0.000000% 0.000000% 0.~~395311~~407026% 0.~~395311~~407026% Totals 12.~~798561~~214022% 0.000000% 0.000000% 0.~~359712~~369004% 2.~~158273~~583026% 12.~~521006~~186886% 0.000000% 0.000000% 0.~~395311~~407026% 12.~~916317~~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 42 0 0 0 4 2 1,~~228~~028,~~569~~467.2064 0.00 0.00 0.00 21,~~228~~028,~~569~~467.2064 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 42 0 0 0 4 2 1,~~228~~028,~~569~~467.2064 0.00 0.00 0.00 21,~~228~~028,~~569~~467.2064 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~028278~~527704% 0.000000% 0.000000% 0.000000% 10.~~028278~~527704% 10.~~194457~~567583% 0.000000% 0.000000% 0.000000% 10.~~194457~~567583% 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 10.~~028278~~527704% 0.000000% 0.000000% 0.000000% 10.~~028278~~527704% 10.~~194457~~567583% 0.000000% 0.000000% 0.000000% 10.~~194457~~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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 42 0 0 0 42 1668,~~814,589~~525.5607 0.00 0.00 0.00 1668,~~814,589~~525.5607 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 42 0 0 0 42 1668,~~814,589~~525.5607 0.00 0.00 0.00 1668,~~814,589~~525.5607 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 42.~~123711~~083333% 0.000000% 0.000000% 0.000000% 42.~~123711~~083333% 41.~~420948~~643273% 0.000000% 0.000000% 0.000000% 41.~~420948~~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 42.~~123711~~083333% 0.000000% 0.000000% 0.000000% 42.~~123711~~083333% 41.~~420948~~643273% 0.000000% 0.000000% 0.000000% 41.~~420948~~643273% 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,~~185~~101.3247 0.00 0.00 75,~~185~~101.3247 30 Days 34 0 0 0 34 ~~564~~1,~~786~~473,635.4714 0.00 0.00 0.00 ~~564~~1,~~786~~473,635.4714 60 Days 21 0 0 0 2 1 987,~~247,883~~135.4474 0.00 0.00 0.00 1987,~~247,883~~135.4474 90 Days 12 0 0 0 12 ~~309~~568,~~135~~439.8805 0.00 0.00 0.00 ~~309~~568,~~135~~439.8805 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 23,~~121~~029,~~805~~209.7993 75,~~185~~101.3247 0.00 0.00 23,~~196~~104,~~991~~311.1140 0-29 Days 0.~~153139~~158479% 0.000000% 0.000000% 0.~~153139~~158479% 0.~~039430~~040779% 0.000000% 0.000000% 0.~~039430~~040779% 30 Days 0.~~459418~~633914% 0.000000% 0.000000% 0.000000% 0.~~459418~~633914% 0.~~296192~~800157% 0.000000% 0.000000% 0.000000% 0.~~296192~~800157% 60 Days 0.~~306279~~158479% 0.000000% 0.000000% 0.000000% 0.~~306279~~158479% 0.~~654430~~535997% 0.000000% 0.000000% 0.000000% 0.~~654430~~535997% 90 Days 0.~~153139~~316957% 0.000000% 0.000000% 0.000000% 0.~~153139~~316957% 0.~~162121~~308652% 0.000000% 0.000000% 0.000000% 0.~~162121~~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 01.~~918836~~109350% 0.~~153139~~158479% 0.000000% 0.000000% 1.~~071975~~267829% 1.~~112742~~644806% 0.~~039430~~040779% 0.000000% 0.000000% 1.~~152172~~685585% 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4440,~~460~~287.1124

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 4.~~995310~~987892% Weighted Average Net Coupon 4.~~736842~~729265% Weighted Average Pass-Through Rate 4.~~730802~~723403% Weighted Average Maturity(Stepdown Calculation ) ~~351~~350 Beginning Scheduled Collateral Loan Count 1,~~538~~494 Number Of Loans Paid In Full 4440 Ending Scheduled Collateral Loan Count 1,~~494~~454 Beginning Scheduled Collateral Balance ~~617~~599,~~032~~416,~~570~~631.7832 Ending Scheduled Collateral Balance ~~599~~583,~~416~~059,~~631~~504.3268 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~599~~583,~~783~~406,~~176~~814.8856 Monthly P &I Constant 32,~~032~~943,~~667~~915.6911 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 ~~599~~583,~~416~~059,~~631~~504.3268 Scheduled Principal ~~464~~452,~~110~~394.3304 Unscheduled Principal 1715,~~151~~904,~~829~~732.1360

Miscellaneous Reporting Senior Percentage Group 1 94.~~564427~~474139% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 5.~~435573~~525861% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 94.~~560387~~354212% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 5.~~439613~~645788% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 94.~~633948~~452837% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 5.~~366052~~547163% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 94.~~711106~~535691% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 5.~~288894~~464309% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.~~587890~~584688% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.~~412110~~415312% Subordinate Prepay Percentage Group 5 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 4.~~593907~~591267 5.~~177960~~173422 5.~~500344~~496468 Weighted Average Net Rate 4.~~343907~~341267 4.~~927960~~923422 5.~~228802~~224192 Weighted Average Maturity ~~352~~351 ~~352~~351 ~~352~~351 Beginning Loan Count ~~284~~278 ~~404~~389 ~~100~~97 Loans Paid In Full 67 1510 31 Ending Loan Count ~~278~~271 ~~389~~379 9796 Beginning Scheduled Balance ~~144~~141,~~030~~613,~~610~~851.6072 ~~193~~186,~~672~~462,~~164~~790.8458 4241,~~435~~024,~~144~~302.9901 Ending scheduled Balance ~~141~~137,~~613~~537,~~851~~558.7231 ~~186~~181,~~462~~099,~~790~~070.5878 4140,~~024~~663,~~302~~119.0163 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant ~~615~~605,~~837~~222.4829 ~~977~~940,~~676~~734.6204 ~~220~~212,~~733~~633.8008 Scheduled Principal 6463,~~451~~399.4278 ~~141~~136,~~987~~858.7345 2624,~~227~~725.2178 Unscheduled Principal 24,~~352~~012,~~307~~893.4663 75,~~067~~226,~~386~~861.5335 1336,~~384,615~~456.7760 Scheduled Interest ~~551~~541,~~386~~822.0651 ~~835~~803,~~688~~875.8959 ~~194~~187,~~506~~907.5930 Servicing Fees 3029,~~006~~502.3889 4038,~~348~~846.3741 9,~~602~~308.4429 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 657.9071 1,~~337~~335.1473 171.00 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 ~~520~~511,~~721~~661.7891 ~~794~~763,~~003~~693.3845 ~~184~~178,~~733~~428.1501 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.~~338426~~335694 4.~~919675~~914826 5.~~223967~~219190

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~055591~~047038 4.~~722577~~722622 4.~~995310~~987892 Weighted Average Net Rate 4.~~798220~~789676 4.~~400856~~400907 4.~~736842~~729265 Weighted Average Maturity 348 349 350 ~~351~~ Beginning Loan Count ~~673~~653 77 1,~~538~~494 Loans Paid In Full 2022 0 4440 Ending Loan Count ~~653~~631 77 1,~~494~~454 Beginning Scheduled Balance ~~197~~190,~~042~~510,~~144~~982.6944 39,~~852~~804,~~505~~704.6657 ~~617~~599,~~032~~416,~~570~~631.7832 Ending scheduled Balance ~~190~~184,~~510~~002,~~982~~705.4461 39,~~804~~757,~~704~~050.5735 ~~599~~583,~~416~~059,~~631~~504.3268 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 1,~~042~~009,~~670~~683.6938 175,~~749~~642.1032 32,~~032~~943,~~667~~915.6911 Scheduled Principal ~~212~~208,~~533~~419.6385 18,~~910~~990.3418 ~~464~~452,~~110~~394.3304 Unscheduled Principal 6,~~318~~299,~~628~~856.6298 28,~~890~~664.7504 1715,~~151~~904,~~829~~732.1360 Scheduled Interest ~~830~~801,~~137~~263.0653 156,~~838~~652.7614 2,~~568~~491,~~557~~521.3607 Servicing Fees 4240,~~260~~858.6959 10,~~684~~671.4847 ~~132~~129,~~902~~187.3665 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 ~~939~~763.9480 0.00 32,~~105~~928.9824 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 ~~786~~759,~~936~~641.4314 ~~146~~145,~~154~~980.2867 2,~~432~~359,~~549~~405.0218 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.~~792496~~784865 4.~~400856~~400907 4.~~730802~~723403

Filing Compare · BEAR STEARNS ARM TRUST MORT PASS THR CERTS SER 2003-8