8-K 1 bsl03005_aug.txt AUGUST 8K 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-06 54-2135815 Pooling and Servicing Agreement) (Commission 54-2135816 (State or other File Number) 54-2135817 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) 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 ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-5 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 2003-5 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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-5 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: 8/30/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-5 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 27/2931/~~2004~~04 Distribution Date: 38/25/~~2004~~04 BSL Series: 2003-5 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-1 07386HDD0 SEN 3.~~09437~~07106% 4940,~~095~~019,~~729~~593.8295 ~~126~~101,~~600~~413.1434 12,~~157~~958,~~404~~074.0271 I-X-A-1 07386HDE8 SEN 1.88300% 0.00 7762,~~039~~180.3889 0.00 I-A-2 07386HDF5 SEN 3.~~17737~~15406% 4939,~~047~~979,~~072~~931.0132 ~~129~~104,~~867~~050.1097 12,~~156~~955,~~256~~143.9402 I-X-A-2 07386HDG3 SEN 1.80000% 0.00 7359,~~570~~381.6114 0.00 I-A-3 07386HDH1 SEN 3.~~83737~~81406% 1412,~~780~~047,~~296~~920.2257 4737,~~264~~916.5198 ~~348~~890,~~437~~530.1100 I-X-A-3 07386HDJ7 SEN 1.14000% 0.00 1411,~~041~~333.2816 0.00 II-A-1 07386HDL2 SEN 5.~~15181~~13770% ~~191~~160,~~685~~392,~~470~~156.7308 ~~822~~679,~~939~~963.2752 15,~~965~~517,~~896~~640.5389 II-A-2 07386HDM0 SEN 4.~~53181~~51770% ~~113~~95,~~843~~257,~~290~~980.6959 ~~429~~355,~~930~~101.1348 13,~~167~~276,~~559~~964.1805 II-X-A-2 07386HDN8 SEN 0.62000% 0.00 5848,~~819~~733.0343 0.00 III-A 07386HDP3 SEN 5.~~17455~~15342% 1413,~~679~~722,~~543~~300.5386 6358,~~300~~352.0307 17370,~~020~~500.3384 IV-A 07386HDQ1 SEN 5.~~16590~~16756% 1514,~~970~~062,~~827~~097.2196 6859,~~753~~961.0807 42,~~864~~795.9266 M 07386HDS7 SUB 5.~~10907~~09297% 18,~~645~~622,~~303~~740.8673 7978,~~383~~261.4558 4,~~478~~534.7944 B-1 07386HDT5 SUB 5.~~10907~~09297% 10,~~216~~204,~~859~~495.4780 4342,~~498~~884.8713 2,~~454~~484.1969 B-2 07386HDU2 SUB 5.~~10907~~09297% 7,~~406~~398,~~978~~014.2993 31,~~535~~089.6497 1,~~779~~801.2334 B-3 07386HDV0 SUB 5.~~10907~~09297% 5,~~619~~612,~~262~~462.71 23,~~924~~586.3323 1,~~349~~366.8058 B-4 07386HDW8 SUB 5.~~10907~~09297% 5,~~619~~612,~~062~~263.8609 23,~~923~~585.4839 1,~~349~~366.7653 B-5 07386HDX6 SUB 5.~~10907~~09297% 1,~~787~~785,~~915~~751.4383 7,~~612~~504.1558 ~~429~~434.4881 B-6 07386HDY4 SUB 5.~~10907~~09297% 1,~~788~~786,~~164~~000.2535 7,~~613~~505.2162 ~~429~~434.5487 R-1 07386HDR9 RES 4.~~97763~~96844% 0.00 0.00 0.00 Totals ~~500~~426,~~185~~503,~~777~~710.0877 21,~~129~~792,~~615~~805.6955 515,~~829~~984,~~709~~072.8243

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 4737,~~938~~061,~~325~~519.8024 13,~~284~~059,~~004~~488.1605 0.00 I-X-A-1 0.00 0.00 7762,~~039~~180.3889 0.00 I-A-2 0.00 4737,~~890~~024,~~815~~788.0730 13,~~286~~059,~~124~~193.0499 0.00 I-X-A-2 0.00 0.00 7359,~~570~~381.6114 0.00 I-A-3 0.00 1411,~~431~~157,~~859~~390.1157 ~~395~~928,~~701~~446.6298 0.00 I-X-A-3 0.00 0.00 1411,~~041~~333.2816 0.00 II-A-1 0.00 ~~189~~154,~~719~~874,~~574~~515.2019 26,~~788~~197,~~835~~604.8041 0.00 II-A-2 0.00 ~~112~~91,~~675~~981,~~731~~016.5254 13,~~597~~632,~~489~~065.3153 0.00 II-X-A-2 0.00 0.00 5848,~~819~~733.0343 0.00 III-A 0.00 1413,~~662~~351,~~523~~800.1902 80428,~~320~~852.3691 0.00 IV-A 0.00 1514,~~965~~059,~~962~~302.2930 7362,~~618~~756.0073 0.00 M 0.00 18,~~640~~618,~~825~~206.0729 8382,~~862~~796.2402 0.00 B-1 0.00 10,~~214~~202,~~405~~011.2711 45,~~953~~368.0682 0.00 B-2 0.00 7,~~405~~396,~~199~~213.0659 3332,~~314~~891.8731 0.00 B-3 0.00 5,~~617~~611,~~912~~096.9113 2524,~~274~~952.1381 0.00 B-4 0.00 5,~~617~~610,~~713~~896.1057 2524,~~273~~951.2492 0.00 B-5 0.00 1,~~787~~785,~~485~~317.9602 87,~~041~~939.6339 0.00 B-6 0.00 1,~~787~~785,~~734~~565.7248 87,~~042~~940.7549 0.00 R-1 0.00 0.00 0.00 0.00 Totals 0.00 ~~494~~410,~~356~~519,~~067~~638.2735 717,~~959~~776,~~325~~877.5198 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 50,450,000.00 4940,~~095~~019,~~729~~593.8295 1512,~~082~~247.1993 12,~~142~~945,~~321~~826.8478 0.00 0.00 I-X-A-1 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 50,400,000.00 4939,~~047~~979,~~072~~931.0132 1512,~~067~~235.2479 12,~~141~~942,~~189~~907.7023 0.00 0.00 I-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 15,188,000.00 1412,~~780~~047,~~296~~920.2257 43,~~540~~687.5025 ~~343~~886,~~896~~842.6176 0.00 0.00 I-X-A-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 196,200,000.00 ~~191~~160,~~685~~392,~~470~~156.7308 4337,~~568~~268.8336 15,~~922~~480,~~327~~372.7053 0.00 0.00 II-A-2 116,524,500.00 ~~113~~95,~~843~~257,~~290~~980.6959 2522,~~875~~133.8293 13,~~141~~254,~~683~~830.3612 0.00 0.00 II-X-A-2 0.00 0.00 0.00 0.00 0.00 0.00 III-A 15,301,600.00 1413,~~679~~722,~~543~~300.5386 2,~~834~~596.4700 14367,~~185~~904.8684 0.00 0.00 IV-A 16,016,400.00 1514,~~970~~062,~~827~~097.2196 ~~835~~844.6418 41,~~029~~951.2848 0.00 0.00 M 18,658,700.00 18,~~645~~622,~~303~~740.8673 4,~~478~~534.7944 0.00 0.00 0.00 B-1 10,224,200.00 10,~~216~~204,~~859~~495.4780 2,~~454~~484.1969 0.00 0.00 0.00 B-2 7,412,300.00 7,~~406~~398,~~978~~014.2993 1,~~779~~801.2334 0.00 0.00 0.00 B-3 5,623,300.00 5,~~619~~612,~~262~~462.71 1,~~349~~366.8058 0.00 0.00 0.00 B-4 5,623,100.00 5,~~619~~612,~~062~~263.8609 1,~~349~~366.7653 0.00 0.00 0.00 B-5 1,789,200.00 1,~~787~~785,~~915~~751.4383 ~~429~~434.4881 0.00 0.00 0.00 B-6 1,789,449.00 1,~~788~~786,~~164~~000.2535 ~~429~~434.5487 0.00 0.00 0.00 R-1 100.00 0.00 0.00 0.00 0.00 0.00 Totals 511,200,849.00 ~~500~~426,~~185~~503,~~777~~710.0877 ~~120~~103,~~075~~436.4870 515,~~709~~880,~~634~~635.3574 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 12,~~157~~958,~~404~~074.0271 4737,~~938~~061,~~325~~519.8024 0.~~95021458~~73461882 12,~~157~~958,~~404~~074.0271 I-X-A-1 0.00 0.00 0.00000000 0.00 I-A-2 12,~~156~~955,~~256~~143.9402 4737,~~890~~024,~~815~~788.0730 0.~~95021458~~73461882 12,~~156~~955,~~256~~143.9402 I-X-A-2 0.00 0.00 0.00000000 0.00 I-A-3 ~~348~~890,~~437~~530.1100 1411,~~431~~157,~~859~~390.1157 0.~~95021458~~73461882 ~~348~~890,~~437~~530.1100 I-X-A-3 0.00 0.00 0.00000000 0.00 II-A-1 15,~~965~~517,~~896~~640.5389 ~~189~~154,~~719~~874,~~574~~515.2019 0.~~96697031~~78937062 15,~~965~~517,~~896~~640.5389 II-A-2 13,~~167~~276,~~559~~964.1805 ~~112~~91,~~675~~981,~~731~~016.5254 0.~~96697031~~78937062 13,~~167~~276,~~559~~964.1805 II-X-A-2 0.00 0.00 0.00000000 0.00 III-A 17370,~~020~~500.3384 1413,~~662~~351,~~523~~800.1902 0.~~95823464~~87257542 17370,~~020~~500.3384 IV-A 42,~~864~~795.9266 1514,~~965~~059,~~962~~302.2930 0.~~99685087~~87780664 42,~~864~~795.9266 M 4,~~478~~534.7944 18,~~640~~618,~~825~~206.0729 0.~~99904201~~99782977 4,~~478~~534.7944 B-1 2,~~454~~484.1969 10,~~214~~202,~~405~~011.2711 0.~~99904201~~99782977 2,~~454~~484.1969 B-2 1,~~779~~801.2334 7,~~405~~396,~~199~~213.0659 0.~~99904201~~99782977 1,~~779~~801.2334 B-3 1,~~349~~366.8058 5,~~617~~611,~~912~~096.9113 0.~~99904201~~99782977 1,~~349~~366.8058 B-4 1,~~349~~366.7653 5,~~617~~610,~~713~~896.1057 0.~~99904201~~99782977 1,~~349~~366.7653 B-5 ~~429~~434.4881 1,~~787~~785,~~485~~317.9602 0.~~99904201~~99782977 ~~429~~434.4881 B-6 ~~429~~434.5487 1,~~787~~785,~~734~~565.7248 0.~~99904201~~99782977 ~~429~~434.5487 R-1 0.00 0.00 0.00000000 0.00 Totals 515,~~829~~984,~~709~~072.8243 ~~494~~410,~~356~~519,~~067~~638.2735 0.~~96704860~~80304960 515,~~829~~984,~~709~~072.8243

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 50,450,000.00 ~~973~~793.~~15619068~~25260555 0.~~29895322~~24277364 2258.~~64265292~~39101645 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 50,400,000.00 ~~973~~793.~~15619067~~25260556 0.~~29895317~~24277361 2258.~~64265278~~39101647 0.00000000 I-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 15,188,000.00 ~~973~~793.~~15619041~~25260535 0.~~29895312~~24277390 2258.~~64265275~~39101659 0.00000000 I-X-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 196,200,000.00 ~~976~~817.~~99016682~~49315025 0.~~22206335~~18995087 927.~~79779664~~93258170 0.00000000 II-A-2 116,524,500.00 ~~976~~817.~~99016679~~49315028 0.~~22206334~~18995087 927.~~79779669~~93258173 0.00000000 II-X-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 15,301,600.00 ~~959~~896.~~34696568~~78862733 0.~~18524011~~16965546 024.~~92708344~~04355362 0.00000000 IV-A 16,016,400.00 ~~997~~877.~~15461714~~98119178 0.~~05217402~~05270723 0.~~25157214~~12184261 0.00000000 M 18,658,700.00 ~~999~~998.~~28204323~~07278803 0.~~24003762~~24302015 0.00000000 0.00000000 B-1 10,224,200.00 ~~999~~998.~~28204358~~07278809 0.~~24003736~~24302048 0.00000000 0.00000000 B-2 7,412,300.00 ~~999~~998.~~28204336~~07278847 0.~~24003751~~24302039 0.00000000 0.00000000 B-3 5,623,300.00 ~~999~~998.~~28204257~~07278822 0.~~24003699~~24302100 0.00000000 0.00000000 B-4 5,623,100.00 ~~999~~998.~~28204371~~07278725 0.~~24003841~~24302075 0.00000000 0.00000000 B-5 1,789,200.00 ~~999~~998.~~28204225~~07278672 0.~~24004024~~24301923 0.00000000 0.00000000 B-6 1,789,449.00 ~~999~~998.~~28204157~~07278665 0.~~24004037~~24301894 0.00000000 0.00000000 R-1 100.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 2258.~~94160595~~63379009 ~~950~~734.~~21458474~~61881546 0.~~95021458~~73461882 2258.~~94160595~~63379009 I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 2258.~~94160595~~63379008 ~~950~~734.~~21458472~~61881548 0.~~95021458~~73461882 2258.~~94160595~~63379008 I-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 2258.~~94160587~~63378983 ~~950~~734.~~21458454~~61881551 0.~~95021458~~73461882 2258.~~94160587~~63378983 I-X-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 1028.~~01985999~~12253257 ~~966~~789.~~97030683~~37061769 0.~~96697031~~78937062 1028.~~01985999~~12253257 II-A-2 0.00000000 1028.~~01986003~~12253260 ~~966~~789.~~97030685~~37061768 0.~~96697031~~78937062 1028.~~01986003~~12253260 II-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 124.~~11232355~~21320908 ~~958~~872.~~23464148~~57541826 0.~~95823464~~87257542 124.~~11232355~~21320908 IV-A 0.00000000 0.~~30374616~~17454984 ~~996~~877.~~85087098~~80664194 0.~~99685087~~87780664 0.~~30374616~~17454984 M 0.00000000 0.~~24003762~~24302015 ~~999~~997.~~04200561~~82976788 0.~~99904201~~99782977 0.~~24003762~~24302015 B-1 0.00000000 0.~~24003736~~24302048 ~~999~~997.~~04200524~~82976761 0.~~99904201~~99782977 0.~~24003736~~24302048 B-2 0.00000000 0.~~24003751~~24302039 ~~999~~997.~~04200586~~82976809 0.~~99904201~~99782977 0.~~24003751~~24302039 B-3 0.00000000 0.~~24003699~~24302100 ~~999~~997.~~04200558~~82976722 0.~~99904201~~99782977 0.~~24003699~~24302100 B-4 0.00000000 0.~~24003841~~24302075 ~~999~~997.~~04200530~~82976828 0.~~99904201~~99782977 0.~~24003841~~24302075 B-5 0.00000000 0.~~24004024~~24301923 ~~999~~997.~~04200760~~82976749 0.~~99904201~~99782977 0.~~24004024~~24301923 B-6 0.00000000 0.~~24004037~~24301894 ~~999~~997.~~04200679~~82976771 0.~~99904201~~99782977 0.~~24004037~~24301894 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 50,450,000.00 3.~~09437~~07106% 4940,~~095~~019,~~729~~593.8295 ~~126~~102,~~600~~418.1485 0.00 0.00 I-X-A-1 0.00 1.88300% 4940,~~095~~019,~~729~~593.8295 7762,~~039~~797.3841 0.00 0.00 I-A-2 50,400,000.00 3.~~17737~~15406% 4939,~~047~~979,~~072~~931.0132 ~~129~~105,~~867~~082.1063 0.00 0.00 I-X-A-2 0.00 1.80000% 4939,~~047~~979,~~072~~931.0132 7359,~~570~~969.6190 0.00 0.00 I-A-3 15,188,000.00 3.~~83737~~81406% 1412,~~780~~047,~~296~~920.2257 4738,~~264~~292.5192 0.00 0.00 I-X-A-3 0.00 1.14000% 1412,~~780~~047,~~296~~920.2257 1411,~~041~~445.2852 0.00 0.00 II-A-1 196,200,000.00 5.~~15181~~13770% ~~191~~160,~~685~~392,~~470~~156.7308 ~~822~~686,~~939~~705.2733 0.00 0.00 II-A-2 116,524,500.00 4.~~53181~~51770% ~~113~~95,~~843~~257,~~290~~980.6959 ~~429~~358,~~930~~622.1430 0.00 0.00 II-X-A-2 0.00 0.62000% ~~113~~95,~~843~~257,~~290~~980.6959 5849,~~819~~216.0362 0.00 0.00 III-A 15,301,600.00 5.~~17455~~15342% 1413,~~679~~722,~~543~~300.5386 6358,~~300~~930.0363 0.00 0.00 IV-A 16,016,400.00 5.~~16590~~16756% 1514,~~970~~062,~~827~~097.2196 6860,~~753~~555.0858 0.00 0.00 M 18,658,700.00 5.~~10907~~09297% 18,~~645~~622,~~303~~740.8673 79,~~383~~037.4654 0.00 0.00 B-1 10,224,200.00 5.~~10907~~09297% 10,~~216~~204,~~859~~495.4780 43,~~498~~309.8732 0.00 0.00 B-2 7,412,300.00 5.~~10907~~09297% 7,~~406~~398,~~978~~014.2993 31,~~535~~398.6422 0.00 0.00 B-3 5,623,300.00 5.~~10907~~09297% 5,~~619~~612,~~262~~462.71 23,~~924~~820.3309 0.00 0.00 B-4 5,623,100.00 5.~~10907~~09297% 5,~~619~~612,~~062~~263.8609 23,~~923~~819.4824 0.00 0.00 B-5 1,789,200.00 5.~~10907~~09297% 1,~~787~~785,~~915~~751.4383 7,~~612~~578.1598 0.00 0.00 B-6 1,789,449.00 5.~~10907~~09297% 1,~~788~~786,~~164~~000.2535 7,~~613~~580.2104 0.00 0.00 R-1 100.00 4.~~97763~~96844% 0.00 0.00 0.00 0.00 Totals 511,200,849.00 21,~~129~~810,~~615~~581.7112 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 01,005.0051 0.00 ~~126~~101,~~600~~413.1434 0.00 4737,~~938~~061,~~325~~519.8024 I-X-A-1 0616.0052 0.00 7762,~~039~~180.3889 0.00 4737,~~938~~061,~~325~~519.8024 I-A-2 01,031.0066 0.00 ~~129~~104,~~867~~050.1097 0.00 4737,~~890~~024,~~815~~788.0730 I-X-A-2 0588.0076 0.00 7359,~~570~~381.6114 0.00 4737,~~890~~024,~~815~~788.0730 I-A-3 0375.0095 0.00 4737,~~264~~916.5198 0.00 1411,~~431~~157,~~859~~390.1157 I-X-A-3 0112.0037 0.00 1411,~~041~~333.2816 0.00 1411,~~431~~157,~~859~~390.1157 II-A-1 06,741.0081 0.00 ~~822~~679,~~939~~963.2752 0.00 ~~189~~154,~~719~~874,~~574~~515.2019 II-A-2 03,520.0082 0.00 ~~429~~355,~~930~~101.1348 0.00 ~~112~~91,~~675~~981,~~731~~016.5254 II-X-A-2 0483.0019 0.00 5848,~~819~~733.0343 0.00 ~~112~~91,~~675~~981,~~731~~016.5254 III-A 0578.0056 0.00 6358,~~300~~352.0307 0.00 1413,~~662~~351,~~523~~800.1902 IV-A 0594.0051 0.00 6859,~~753~~961.0807 0.00 1514,~~965~~059,~~962~~302.2930 M 0775.0096 0.00 7978,~~383~~261.4558 0.00 18,~~640~~618,~~825~~206.0729 B-1 0425.0019 0.00 4342,~~498~~884.8713 0.00 10,~~214~~202,~~405~~011.2711 B-2 0308.0026 0.00 31,~~535~~089.6497 0.00 7,~~405~~396,~~199~~213.0659 B-3 0233.0086 0.00 23,~~924~~586.3323 0.00 5,~~617~~611,~~912~~096.9113 B-4 0233.0085 0.00 23,~~923~~585.4839 0.00 5,~~617~~610,~~713~~896.1057 B-5 074.0041 0.00 7,~~612~~504.1558 0.00 1,~~787~~785,~~485~~317.9602 B-6 074.0042 0.00 7,~~613~~505.2162 0.00 1,~~787~~785,~~734~~565.7248 R-1 0.00 0.00 0.00 0.00 0.00 Totals 017,775.0061 0.00 21,~~129~~792,~~615~~805.6955 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 50,450,000.00 3.~~09437~~07106% ~~973~~793.~~15619068~~25260555 2.~~50941804~~03010605 0.00000000 0.00000000 I-X-A-1 0.00 1.88300% ~~973~~793.~~15619068~~25260555 1.~~52704420~~24474549 0.00000000 0.00000000 I-A-2 50,400,000.00 3.~~17737~~15406% ~~973~~793.~~15619067~~25260556 2.~~57672817~~08497282 0.00000000 0.00000000 I-X-A-2 0.00 1.80000% ~~973~~793.~~15619067~~25260556 1.~~45973433~~18987897 0.00000000 0.00000000 I-A-3 15,188,000.00 3.~~83737~~81406% ~~973~~793.~~15619041~~25260535 32.~~11196405~~52126152 0.00000000 0.00000000 I-X-A-3 0.00 1.14000% ~~973~~793.~~15619041~~25260535 0.~~92449829~~75358968 0.00000000 0.00000000 II-A-1 196,200,000.00 5.~~15181~~13770% ~~976~~817.~~99016682~~49315025 43.~~19438976~~50002717 0.00000000 0.00000000 II-A-2 116,524,500.00 4.~~53181~~51770% ~~976~~817.~~99016679~~49315028 3.~~68961154~~07765577 0.00000000 0.00000000 II-X-A-2 0.00 0.62000% ~~976~~817.~~99016679~~49315028 0.~~50477822~~42237143 0.00000000 0.00000000 III-A 15,301,600.00 5.~~17455~~15342% ~~959~~896.~~34696568~~78862733 43.~~13682425~~85127242 0.00000000 0.00000000 IV-A 16,016,400.00 5.~~16590~~16756% ~~997~~877.~~15461714~~98119178 43.~~29266752~~78084838 0.00000000 0.00000000 M 18,658,700.00 5.~~10907~~09297% ~~999~~998.~~28204323~~07278803 4.~~25450112~~23596178 0.00000000 0.00000000 B-1 10,224,200.00 5.~~10907~~09297% ~~999~~998.~~28204358~~07278809 4.~~25450109~~23596174 0.00000000 0.00000000 B-2 7,412,300.00 5.~~10907~~09297% ~~999~~998.~~28204336~~07278847 4.~~25450130~~23596185 0.00000000 0.00000000 B-3 5,623,300.00 5.~~10907~~09297% ~~999~~998.~~28204257~~07278822 4.~~25450003~~23596287 0.00000000 0.00000000 B-4 5,623,100.00 5.~~10907~~09297% ~~999~~998.~~28204371~~07278725 4.~~25450019~~23596237 0.00000000 0.00000000 B-5 1,789,200.00 5.~~10907~~09297% ~~999~~998.~~28204225~~07278672 4.~~25449922~~23596021 0.00000000 0.00000000 B-6 1,789,449.00 5.~~10907~~09297% ~~999~~998.~~28204157~~07278665 4.~~25449957~~23596314 0.00000000 0.00000000 R-1 100.00 4.~~97763~~96844% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.~~00000000~~01993082 0.00000000 2.~~50941804~~01017522 0.00000000 ~~950~~734.~~21458474~~61881546 I-X-A-1 0.~~00000000~~01222042 0.00000000 1.~~52704420~~23252507 0.00000000 ~~950~~734.~~21458474~~61881546 I-A-2 0.~~00000000~~02046944 0.00000000 2.~~57672817~~06450337 0.00000000 ~~950~~734.~~21458472~~61881548 I-X-A-2 0.~~00000000~~01168175 0.00000000 1.~~45973433~~17819722 0.00000000 ~~950~~734.~~21458472~~61881548 I-A-3 0.~~00000000~~02475309 0.00000000 32.~~11196405~~49650909 0.00000000 ~~950~~734.~~21458454~~61881551 I-X-A-3 0.~~00000000~~00739860 0.00000000 0.~~92449829~~74619173 0.00000000 ~~950~~734.~~21458454~~61881551 II-A-1 0.~~00000000~~03436193 0.00000000 43.~~19438976~~46566524 0.00000000 ~~966~~789.~~97030683~~37061769 II-A-2 0.~~00000000~~03021528 0.00000000 3.~~68961146~~04744050 0.00000000 ~~966~~789.~~97030685~~37061768 II-X-A-2 0.~~00000000~~00414668 0.00000000 0.~~50477822~~41822475 0.00000000 ~~966~~789.~~97030685~~37061768 III-A 0.~~00000000~~03781043 0.00000000 43.~~13682425~~81346199 0.00000000 ~~958~~872.~~23464148~~57541826 IV-A 0.~~00000000~~03711883 0.00000000 43.~~29266752~~74372955 0.00000000 ~~996~~877.~~85087098~~80664194 M 0.~~00000000~~04158703 0.00000000 4.~~25450058~~19437474 0.00000000 ~~999~~997.~~04200561~~82976788 B-1 0.~~00000000~~04158663 0.00000000 4.~~25450109~~19437511 0.00000000 ~~999~~997.~~04200524~~82976761 B-2 0.~~00000000~~04158763 0.00000000 4.~~25450130~~19437556 0.00000000 ~~999~~997.~~04200586~~82976809 B-3 0.~~00000000~~04158768 0.00000000 4.~~25450003~~19437519 0.00000000 ~~999~~997.~~04200558~~82976722 B-4 0.~~00000000~~04158738 0.00000000 4.~~25450019~~19437499 0.00000000 ~~999~~997.~~04200530~~82976828 B-5 0.~~00000000~~04158842 0.00000000 4.~~25449922~~19437738 0.00000000 ~~999~~997.~~04200760~~82976749 B-6 0.~~00000000~~04158822 0.00000000 4.~~25449957~~19437492 0.00000000 ~~999~~997.~~04200679~~82976771 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 817,~~119~~898,~~937~~671.0993 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5620,~~442~~803.4781 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 817,~~176~~919,~~379~~475.5674 Withdrawals Reimbursement for Servicer Advances 609,~~745~~315.9840 Payment of Service Fee ~~156~~133,~~308~~282.0736 Payment of Interest and Principal 717,~~959~~776,~~325~~877.5198 Total Withdrawals (Pool Distribution Amount) 817,~~176~~919,~~379~~475.5674 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 017,775.0058 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 017,775.0061

SERVICING FEES Gross Servicing Fee 2017,~~841~~770.0896 Additional Servicing Fee ~~135~~115,~~466~~511.9940 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~156~~133,~~308~~282.0736

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 10 0 0 10 ~~322,292~~0.3100 0.00 0.00 ~~322,292~~0.3100 30 Days 346 0 0 0 346 92,~~240~~741,~~151~~369.6394 0.00 0.00 0.00 92,~~240~~741,~~151~~369.6394 60 Days 41 0 0 0 4 1 356,~~485,467~~000.6900 0.00 0.00 0.00 1356,~~485,467~~000.6900 90 Days 10 10 0 0 20 ~~359,997~~0.5000 ~~206,050~~0.00 0.00 0.00 ~~566,047~~0.5000 120 Days 1 0 0 1 0 1 ~~238,000~~0.00 0.00 0359,997.0049 0.00 ~~238~~359,~~000~~997.0049 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 02 0 02 0.00 0.00 0666,050.00 0.00 0666,050.00 Totals 407 2 0 3 0 4210 113,~~323~~097,~~616~~369.8294 ~~528,342.31~~ 0.00 1,026,047.49 0.00 114,~~851~~123,~~959~~417.1343 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.~~059988~~000000% 0.000000% 0.000000% 0.~~059988~~000000% 0.~~065203~~000000% 0.000000% 0.000000% 0.~~065203~~000000% 30 Days 20.~~039592~~416089% 0.000000% 0.000000% 0.000000% 20.~~039592~~416089% 10.~~869379~~667665% 0.000000% 0.000000% 0.000000% 10.~~869379~~667665% 60 Days 0.~~239952~~069348% 0.000000% 0.000000% 0.000000% 0.~~239952~~069348% 0.~~300526~~086704% 0.000000% 0.000000% 0.000000% 0.~~300526~~086704% 90 Days 0.~~059988~~000000% 0.~~059988~~000000% 0.000000% 0.000000% 0.~~119976~~000000% 0.~~072831~~000000% 0.~~041686~~000000% 0.000000% 0.000000% 0.~~114517~~000000% 120 Days 0.~~059988~~000000% 0.000000% 0.~~000000~~069348% 0.000000% 0.~~059988~~069348% 0.~~048150~~000000% 0.000000% 0.~~000000~~087678% 0.000000% 0.~~048150~~087678% 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~~138696% 0.000000% 0.~~000000~~138696% 0.000000% 0.000000% 0.~~000000~~162218% 0.000000% 0.~~000000~~162218% Totals 20.~~399520~~485437% 0.~~119976~~000000% 0.~~000000~~208044% 0.000000% 20.~~519496~~693481% 20.~~290886~~754369% 0.~~106889~~000000% 0.~~000000~~249895% 0.000000% 21.~~397775~~004265%

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 123 0 0 0 12 3 1,~~427~~267,~~506~~280.3942 0.00 0.00 0.00 31,~~427~~267,~~506~~280.3942 60 Days 1 0 0 0 1 ~~505~~356,~~707~~000.6900 0.00 0.00 0.00 ~~505~~356,~~707~~000.6900 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 134 0 0 0 134 31,~~933~~623,~~214~~280.0842 0.00 0.00 0.00 31,~~933~~623,~~214~~280.0842 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~970297~~895522% 0.000000% 0.000000% 0.000000% 20.~~970297~~895522% 21.~~782935~~291552% 0.000000% 0.000000% 0.000000% 21.~~782935~~291552% 60 Days 0.~~247525~~298507% 0.000000% 0.000000% 0.000000% 0.~~247525~~298507% 0.~~410605~~362818% 0.000000% 0.000000% 0.000000% 0.~~410605~~362818% 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 31.~~217822~~194030% 0.000000% 0.000000% 0.000000% 31.~~217822~~194030% 31.~~193540~~654371% 0.000000% 0.000000% 0.000000% 31.~~193540~~654371% 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 10 0 0 10 ~~322,292~~0.3100 0.00 0.00 ~~322,292~~0.3100 30 Days 203 0 0 0 203 51,~~336~~474,~~669~~089.2052 0.00 0.00 0.00 51,~~336~~474,~~669~~089.2052 60 Days 30 0 0 0 30 ~~979,760~~0.00 0.00 0.00 0.00 ~~979,760~~0.00 90 Days 10 10 0 0 20 ~~359,997~~0.5000 ~~206,050~~0.00 0.00 0.00 ~~566,047~~0.5000 120 Days 1 0 0 1 0 1 ~~238,000~~0.00 0.00 0359,997.0049 0.00 ~~238~~359,~~000~~997.0049 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 02 0 02 0.00 0.00 0666,050.00 0.00 0666,050.00 Totals 253 2 0 3 0 27 6 1,~~914~~474,~~426~~089.7052 ~~528,342.31~~ 0.00 1,026,047.49 0.00 72,~~442~~500,~~769~~137.01 0-29 Days 0.~~088261~~000000% 0.000000% 0.000000% 0.~~088261~~000000% 0.~~095595~~000000% 0.000000% 0.000000% 0.~~095595~~000000% 30 Days 10.~~765225~~304569% 0.000000% 0.000000% 0.000000% 10.~~765225~~304569% 10.~~582915~~523508% 0.000000% 0.000000% 0.000000% 10.~~582915~~523508% 60 Days 0.~~264784~~000000% 0.000000% 0.000000% 0.000000% 0.~~264784~~000000% 0.~~290608~~000000% 0.000000% 0.000000% 0.000000% 0.~~290608~~000000% 90 Days 0.~~088261~~000000% 0.~~088261~~000000% 0.000000% 0.000000% 0.~~176523~~000000% 0.~~106779~~000000% 0.~~061117~~000000% 0.000000% 0.000000% 0.~~167896~~000000% 120 Days 0.~~088261~~000000% 0.000000% 0.~~000000~~101523% 0.000000% 0.~~088261~~101523% 0.~~070593~~000000% 0.000000% 0.~~000000~~127849% 0.000000% 0.~~070593~~127849% 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~~203046% 0.000000% 0.~~000000~~203046% 0.000000% 0.000000% 0.~~000000~~236541% 0.000000% 0.~~000000~~236541% Totals 20.~~206531~~304569% 0.~~176523~~000000% 0.~~000000~~304569% 0.000000% 20.~~383054~~609137% 20.~~050895~~523508% 0.~~156712~~000000% 0.~~000000~~364390% 0.000000% 20.~~207607~~887898% 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 20 0 0 0 20 ~~475,976~~0.0400 0.00 0.00 0.00 ~~475,976~~0.0400 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 20 0 0 0 20 ~~475,976~~0.0400 0.00 0.00 0.00 ~~475,976~~0.0400 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~666667~~000000% 0.000000% 0.000000% 0.000000% 20.~~666667~~000000% 20.~~908957~~000000% 0.000000% 0.000000% 0.000000% 20.~~908957~~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.~~666667~~000000% 0.000000% 0.000000% 0.000000% 20.~~666667~~000000% 20.~~908957~~000000% 0.000000% 0.000000% 0.000000% 20.~~908957~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5620,~~442~~803.4781

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 460,750,849.00 90.13108055% ~~446~~373,~~417~~458,~~741~~119.4711 90.~~30287495~~97204712% 8987.~~669131~~574454% 0.000000% Class IA2 410,350,849.00 80.27194200% ~~398~~336,~~526~~433,~~926~~330.4081 8081.~~61536058~~95304174% 9.~~687514~~019005% 9372.~~772505~~584379% Class IA3 395,162,849.00 77.30089842% ~~384~~325,~~095~~275,~~067~~940.2924 7779.~~69603582~~23517163% 2.~~919325~~717870% 2821.~~258270~~873245% Class 2A1 198,962,849.00 38.92068047% ~~194~~170,~~375~~401,~~493~~425.0905 3941.~~31892534~~50871457% 3837.~~377110~~726457% ~~371~~303.~~479996~~620117% Class 2A2 82,438,349.00 16.12641082% 8178,~~699~~420,~~761~~408.5751 1619.~~52650123~~10271790% 22.~~792424~~405997% ~~220~~180.~~624469~~322030% Class 3A 67,136,749.00 13.13314505% 6765,~~037~~068,~~238~~608.3849 1315.~~56051696~~85030346% 23.~~965984~~252414% 2826.~~709921~~175224% Class M 32,461,649.00 6.35007729% 32,~~430~~391,~~451~~099.0290 67.~~56014018~~89026805% 34.~~770728~~535278% 36.499627% Class B-1 22,237,449.00 4.35004148% 22,~~216~~189,~~045~~088.7579 45.~~49393609~~40512236% 2.~~066204~~485146% 20.000294% Class B-2 14,825,149.00 2.90006345% 14,~~810~~792,~~846~~875.6920 23.~~99598764~~60345129% 1.~~497948~~801671% 14.499734% Class B-3 9,201,849.00 1.80004572% 9,~~192~~181,~~933~~779.7807 12.~~85957741~~23662359% 1.~~136410~~366828% 11.000142% Class B-4 3,578,749.00 0.70006711% 3,~~575~~570,~~220~~882.6850 0.~~72320761~~86984450% 1.~~136370~~366779% 10.999751% Class B-5 1,789,549.00 0.35006769% 1,~~787~~785,~~734~~565.7248 0.~~36162896~~43495251% 0.~~361579~~434892% 3.499983% Class B-6 100.00 0.00001956% 0.00 0.00000000% 0.~~361629~~434953% 3.500470% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~484179~~469205% Weighted Average Net Coupon 5.~~434179~~419205% Weighted Average Pass-Through Rate 5.~~109179~~094205% Weighted Average Maturity(Stepdown Calculation ) ~~354~~349 Beginning Scheduled Collateral Loan Count 1,~~685~~486 Number Of Loans Paid In Full 1844 Ending Scheduled Collateral Loan Count 1,~~667~~442 Beginning Scheduled Collateral Balance ~~500~~426,~~185~~503,~~777~~711.3605 Ending Scheduled Collateral Balance ~~494~~410,~~356~~519,~~067~~638.5363 Ending Actual Collateral Balance at 2931-~~Feb~~Jul-2004 ~~494~~410,~~289~~590,~~857~~662.6065 Monthly P &I Constant 2,~~405~~047,~~999~~300.2523 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 717,~~729~~565,~~563~~686.6188 Ending Scheduled Balance for Premium Loans ~~494~~410,~~356~~519,~~067~~638.5363 Scheduled Principal ~~120~~103,~~075~~436.4868 Unscheduled Principal 515,~~709~~880,~~634~~635.3574

Miscellaneous Reporting Senior Percentage Group 1 8987.~~760825~~740023% Senior Percentage Group 2 8988.~~794750~~053933% Senior Percentage Group 3 8988.~~625363~~991164% Senior Percentage Group 4 8988.~~975506~~770361% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Senior Prepayment Percentage Group 3 100.000000% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 1 1012.~~239175~~259977% Subordinate Percentage Group 2 1011.~~205250~~946067% Subordinate Percentage Group 3 1011.~~374637~~008836% Subordinate Percentage Group 4 1011.~~024494~~229639% Average Loss Severity Group 1 0.000000% Average Loss Severity Group 2 0.000000% Average Loss Severity Group 3 0.000000% Average Loss Severity Group 4 0.000000% Subordinate Prepay Percent Group 1 0.000000% Subordinate Prepay Percent Group 2 0.000000% Subordinate Prepay Percent Group 3 0.000000% Subordinate Prepay Percent Group 4 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~352366~~329061 5.~~526810~~512698 5.~~549550~~528418 Weighted Average Net Rate 5.~~302366~~279061 5.~~476810~~462698 5.~~499549~~478420 Weighted Average Maturity ~~354~~349 ~~354~~349 ~~354~~349 Beginning Loan Count ~~412~~352 1,~~143~~011 7572 Loans Paid In Full 817 1026 01 Ending Loan Count ~~404~~335 ~~1,133~~985 7571 Beginning Scheduled Balance ~~125~~104,~~804~~909,~~433~~301.6373 ~~340~~290,~~252~~333,~~366~~579.6073 1615,~~378~~419,~~782~~846.7440 Ending scheduled Balance ~~123~~98,~~138~~101,~~378~~617.4165 ~~337~~281,~~111~~530,~~018~~915.4582 1615,~~361~~049,~~434~~024.3042 Record Date 0207/2931/2004 0207/2931/2004 0207/2931/2004 Principal And Interest Constant ~~599~~497,~~773~~997.2539 1,~~644~~401,~~428~~228.9196 7873,~~908~~956.3161 Scheduled Principal 3832,~~647~~107.0731 7767,~~337~~461.0926 32,~~162~~917.5814 Unscheduled Principal 26,~~627~~775,~~408~~576.1577 38,~~064~~735,~~011~~202.0665 14367,~~185~~904.8684 Scheduled Interest ~~561~~465,~~126~~890.1808 1,~~567~~333,~~091~~767.8270 7571,~~745~~039.7347 Servicing Fees 54,~~241~~371.8422 1412,~~177~~097.1922 ~~682~~642.4648 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 3428,~~072~~412.0593 9278,~~151~~631.6999 4,~~435~~176.9121 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 ~~521~~433,~~812~~105.2993 1,~~460~~243,~~762~~038.9449 7066,~~627~~220.3678 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.~~977366~~954061 5.~~151810~~137698 5.~~174550~~153418

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~540900~~542557 5.~~484179~~469205 Weighted Average Net Rate 5.~~490900~~492558 5.~~434179~~419205 Weighted Average Maturity ~~355~~350 ~~354~~349 Beginning Loan Count 5551 1,~~685~~486 Loans Paid In Full 0 1844 Ending Loan Count 5551 1,~~667~~442 Beginning Scheduled Balance 1715,~~750~~840,~~194~~983.3919 ~~500~~426,~~185~~503,~~777~~711.3605 Ending scheduled Balance 1715,~~745~~838,~~236~~080.3774 ~~494~~410,~~356~~519,~~067~~638.5363 Record Date 0207/2931/2004 0207/2931/2004 Principal And Interest Constant 8274,~~888~~117.7827 2,~~405~~047,~~999~~300.2523 Scheduled Principal ~~928~~950.7497 ~~120~~103,~~075~~436.4868 Unscheduled Principal 41,~~029~~951.2848 515,~~709~~880,~~634~~635.3574 Scheduled Interest 8173,~~960~~166.0430 21,~~285~~943,~~923~~863.7755 Servicing Fees ~~739~~660.5904 2017,~~841~~770.0896 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 4,~~807~~290.3427 ~~135~~115,~~466~~511.9940 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 7668,~~413~~215.1199 21,~~129~~810,~~615~~581.7019 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~165900~~167557 5.~~109179~~094205

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