8-K 1 bsl03003_sep.txt SEPTEMBER 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): September 27, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-23 54-2126368 Pooling and Servicing Agreement) (Commission 54-2126369 (State or other File Number) 54-2126370 jurisdiction 54-6553667 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) 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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-3 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 2003-3 Trust, relating to the September 27, 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 2003-3 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: 9/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the September 27, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 78/31/042004 Distribution Date: 89/2527/042004 BSL Series: 2003-3 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 07386HCE9 SEN 4.~~58601~~57085% ~~112~~105,~~539~~802,~~414~~863.1494 ~~430~~402,~~088~~786.6128 6,~~736~~438,~~550~~227.2017 I-X 07386HCF6 IO 0.26600% 0.00 87,~~011~~490.0448 0.00 II-A 07386HCT6 SEN 4.~~62318~~62642% ~~218~~214,~~486~~547,~~760~~642.4110 ~~841~~826,~~753~~702.0438 36,~~939~~853,~~118~~010.3008 II-X 07386HCG4 IO 0.18700% 0.00 3433,~~047~~415.5235 0.00 III-A 07386HCH2 SEN 1.~~80000~~96500% 8278,~~226~~330,~~545~~140.5917 ~~123~~141,~~339~~014.8285 32,~~896~~600,~~405~~293.4275 IV-A 07386HCJ8 SEN 4.~~30016~~21900% 1816,~~944~~626,~~591~~311.4580 6758,~~887~~423.3136 2682,~~318,279~~123.6474 V-A 07386HCK5 SEN 4.~~61836~~61832% 3837,~~015~~893,~~992~~346.0975 ~~146~~145,~~309~~756.5153 ~~122~~631,~~645~~648.3409 VI-A 07386HCL3 SEN 4.~~90680~~90679% 17,~~543~~536,~~158~~462.7061 71,~~733~~667.9720 6208,~~696~~493.0999 S SWAP 32.~~32306~~67723% 0.00 ~~227~~192,~~703~~126.2676 0.00 R-I 07386HCQ2 R 4.~~33558~~33810% 0.00 0.00 0.00 R-II 07386HCR0 R 4.~~33558~~33810% 0.00 0.00 0.00 R-III 07386HCS8 R 4.~~33558~~33810% 0.00 0.00 0.00 B-1 07386HCM1 SUB 4.~~78833~~77898% 13,~~234~~229,~~954~~833.3630 52,~~811~~658.0976 5,~~121~~106.0722 B-2 07386HCN9 SUB 4.~~78833~~77898% 10,~~448~~444,~~742~~699.5456 41,~~693~~573.3408 4,~~042~~031.9826 B-3 07386HCP4 SUB 4.~~78833~~77898% 6,~~269~~266,~~026~~600.4070 2524,~~015~~942.1398 2,~~425~~418.7167 B-4 07386HCU3 SUB 4.~~78833~~77898% 6,~~965~~963,~~927~~232.9660 27,~~795~~715.9678 2,~~695~~687.3655 B-5 07386HCV1 SUB 4.~~78833~~77898% 2,~~089~~088,~~609~~800.0753 8,~~338~~314.1106 ~~808~~806.5420 B-6 07386HCW9 SUB 4.~~78833~~77898% 2,~~090~~089,~~123~~314.3056 8,~~340~~316.1611 ~~808~~806.7440 Totals ~~528~~511,~~854~~819,~~846~~248.0162 2,~~114~~042,~~867~~903.8796 17,~~035~~429,~~597~~653.3912

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~105~~99,~~802~~364,~~863~~636.9477 76,~~166~~841,~~638~~013.8145 0.00 I-X 0.00 0.00 87,~~011~~490.0448 0.00 II-A 0.00 ~~214~~207,~~547~~694,~~642~~632.1002 47,~~780~~679,~~871~~712.3446 0.00 II-X 0.00 0.00 3433,~~047~~415.5235 0.00 III-A 0.00 7875,~~330~~729,~~140~~846.1743 42,~~019~~741,~~745~~308.2460 0.00 IV-A 0.00 1615,~~626~~944,~~311~~188.8006 2740,~~386,166~~547.9510 0.00 V-A 0.00 37,~~893~~261,~~346~~698.7566 ~~268~~777,~~954~~404.8562 0.00 VI-A 0.00 17,~~536~~327,~~462~~968.6162 78280,~~430~~161.0619 0.00 S 0.00 0.00 ~~227~~192,~~703~~126.2676 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 13,~~229~~224,~~833~~727.3008 57,~~932~~764.1698 0.00 B-2 0.00 10,~~444~~440,~~699~~668.5630 45,~~736~~604.3234 0.00 B-3 0.00 6,~~266~~264,~~600~~182.7003 27,~~440~~361.8465 0.00 B-4 0.00 6,~~963~~960,~~232~~545.6005 30,~~491~~403.3233 0.00 B-5 0.00 2,~~088~~087,~~800~~994.5333 9,~~146~~120.6526 0.00 B-6 0.00 2,~~089~~088,~~314~~508.5616 9,~~148~~122.9051 0.00 Totals 0.00 ~~511~~494,~~819~~389,~~248~~595.6251 19,~~150~~472,~~465~~557.2608 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 171,568,600.00 ~~112~~105,~~539~~802,~~414~~863.1494 5450,~~418~~185.4308 6,~~682~~388,~~131~~042.7709 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 261,860,600.00 ~~218~~214,~~486~~547,~~760~~642.4110 8281,~~078~~132.6626 36,~~857~~771,~~039~~877.6482 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 138,846,800.00 8278,~~226~~330,~~545~~140.5917 3231,~~037~~234.6982 32,~~864~~569,~~367~~058.7393 0.00 0.00 IV-A 25,932,300.00 1816,~~944~~626,~~591~~311.4580 1210,~~721~~532.3157 2671,~~305,558~~591.3317 0.00 0.00 V-A 41,583,300.00 3837,~~015~~893,~~992~~346.0975 1,~~757~~765.1602 ~~120~~629,~~888~~883.1807 0.00 0.00 VI-A 18,319,500.00 17,~~543~~536,~~158~~462.7061 0.00 6208,~~696~~493.0999 0.00 0.00 S 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 13,288,100.00 13,~~234~~229,~~954~~833.3630 5,~~121~~106.0722 0.00 0.00 0.00 B-2 10,490,700.00 10,~~448~~444,~~742~~699.5456 4,~~042~~031.9826 0.00 0.00 0.00 B-3 6,294,200.00 6,~~269~~266,~~026~~600.4070 2,~~425~~418.7167 0.00 0.00 0.00 B-4 6,993,900.00 6,~~965~~963,~~927~~232.9660 2,~~695~~687.3655 0.00 0.00 0.00 B-5 2,098,000.00 2,~~089~~088,~~609~~800.0753 ~~808~~806.5420 0.00 0.00 0.00 B-6 2,098,516.29 2,~~090~~089,~~123~~314.3056 ~~808~~806.7440 0.00 0.00 0.00 Totals 699,374,666.29 ~~528~~511,~~854~~819,~~846~~248.0162 ~~198~~190,~~915~~706.6505 1617,~~836~~238,~~681~~947.7407 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 6,~~736~~438,~~550~~227.2017 ~~105~~99,~~802~~364,~~863~~636.9477 0.~~61667965~~57915398 6,~~736~~438,~~550~~227.2017 I-X 0.00 0.00 0.00000000 0.00 II-A 36,~~939~~853,~~118~~010.3008 ~~214~~207,~~547~~694,~~642~~632.1002 0.~~81932006~~79314961 36,~~939~~853,~~118~~010.3008 II-X 0.00 0.00 0.00000000 0.00 III-A 32,~~896~~600,~~405~~293.4275 7875,~~330~~729,~~140~~846.1743 0.~~56414797~~54542018 32,~~896~~600,~~405~~293.4275 IV-A 2682,~~318,279~~123.6474 1615,~~626~~944,~~311~~188.8006 0.~~64114297~~61483895 2682,~~318,279~~123.6474 V-A ~~122~~631,~~645~~648.3409 37,~~893~~261,~~346~~698.7566 0.~~91126358~~89607363 ~~122~~631,~~645~~648.3409 VI-A 6208,~~696~~493.0999 17,~~536~~327,~~462~~968.6162 0.~~95725662~~94587563 6208,~~696~~493.0999 S 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 5,~~121~~106.0722 13,~~229~~224,~~833~~727.3008 0.~~99561512~~99523085 5,~~121~~106.0722 B-2 4,~~042~~031.9826 10,~~444~~440,~~699~~668.5630 0.~~99561512~~99523085 4,~~042~~031.9826 B-3 2,~~425~~418.7167 6,~~266~~264,~~600~~182.7003 0.~~99561512~~99523085 2,~~425~~418.7167 B-4 2,~~695~~687.3655 6,~~963~~960,~~232~~545.6005 0.~~99561512~~99523085 2,~~695~~687.3655 B-5 ~~808~~806.5420 2,~~088~~087,~~800~~994.5333 0.~~99561512~~99523085 ~~808~~806.5420 B-6 ~~808~~806.7440 2,~~089~~088,~~314~~508.5616 0.~~99561513~~99523085 ~~808~~806.7440 Totals 17,~~035~~429,~~597~~653.3912 ~~511~~494,~~819~~389,~~248~~595.6251 0.~~73182412~~70690235 17,~~035~~429,~~597~~653.3912

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 171,568,600.00 ~~655~~616.~~94411880~~67964849 0.~~31718176~~29250737 3837.~~94728855~~23316557 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 261,860,600.00 ~~834~~819.~~36286486~~32005846 0.~~31344410~~30982996 1425.~~72936226~~86062134 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 138,846,800.00 ~~592~~564.~~21059175~~14796862 0.~~23074129~~22495888 2718.~~83188183~~50283139 0.00000000 IV-A 25,932,300.00 ~~730~~641.~~54034737~~14296842 0.~~49055849~~40615641 8825.~~90682007~~89786367 0.00000000 V-A 41,583,300.00 ~~914~~911.~~21296747~~26357817 0.~~04225639~~04244540 215.~~90713291~~14750080 0.00000000 VI-A 18,319,500.00 957.~~62213488~~25661781 0.00000000 011.~~36551707~~38098693 0.00000000 S 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 13,288,100.00 ~~996~~995.~~00050873~~61512180 0.~~38538768~~38427014 0.00000000 0.00000000 B-2 10,490,700.00 ~~996~~995.~~00050902~~61512197 0.~~38538706~~38426988 0.00000000 0.00000000 B-3 6,294,200.00 ~~996~~995.~~00050840~~61512186 0.~~38538814~~38426965 0.00000000 0.00000000 B-4 6,993,900.00 ~~996~~995.~~00050901~~61512175 0.~~38538727~~38427058 0.00000000 0.00000000 B-5 2,098,000.00 ~~996~~995.~~00051001~~61512393 0.~~38538608~~38427073 0.00000000 0.00000000 B-6 2,098,516.29 ~~996~~995.~~00051234~~61512577 0.~~38538657~~38427150 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 0.00000000 3937.~~26447031~~52567294 ~~616~~579.~~67964849~~15397555 0.~~61667965~~57915398 3937.~~26447031~~52567294 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 1526.~~04280636~~17045130 ~~819~~793.~~32005846~~14960716 0.~~81932006~~79314961 1526.~~04280636~~17045130 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 2818.~~06262312~~72779027 ~~564~~545.~~14796862~~42017843 0.~~56414797~~54542018 2818.~~06262312~~72779027 IV-A 0.00000000 8926.~~39737856~~30402008 ~~641~~614.~~14296842~~83894834 0.~~64114297~~61483895 8926.~~39737856~~30402008 V-A 0.00000000 215.~~94938930~~18994620 ~~911~~896.~~26357817~~07363196 0.~~91126358~~89607363 215.~~94938930~~18994620 VI-A 0.00000000 011.~~36551707~~38098693 ~~957~~945.~~25661781~~87563089 0.~~95725662~~94587563 011.~~36551707~~38098693 S 0.00000000 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.~~38538768~~38427014 995.~~61512180~~23085166 0.~~99561512~~99523085 0.~~38538768~~38427014 B-2 0.00000000 0.~~38538706~~38426988 995.~~61512197~~23085209 0.~~99561512~~99523085 0.~~38538706~~38426988 B-3 0.00000000 0.~~38538814~~38426965 995.~~61512186~~23085221 0.~~99561512~~99523085 0.~~38538814~~38426965 B-4 0.00000000 0.~~38538727~~38427058 995.~~61512175~~23085117 0.~~99561512~~99523085 0.~~38538727~~38427058 B-5 0.00000000 0.~~38538608~~38427073 995.~~61512393~~23085319 0.~~99561512~~99523085 0.~~38538608~~38427073 B-6 0.00000000 0.~~38538657~~38427150 995.~~61512577~~23085427 0.~~99561513~~99523085 0.~~38538657~~38427150 (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 171,568,600.00 4.~~58601~~57085% ~~112~~105,~~539~~802,~~414~~863.1494 ~~430~~403,~~088~~007.6012 0.00 0.00 I-X 0.00 0.26600% 3633,~~140~~810,~~010~~146.8280 87,~~011~~494.0458 0.00 0.00 II-A 261,860,600.00 4.~~62318~~62642% ~~218~~214,~~486~~547,~~760~~642.4110 ~~841~~827,~~753~~155.0366 0.00 0.00 II-X 0.00 0.18700% ~~218~~214,~~486~~547,~~760~~642.4110 3433,~~047~~433.5267 0.00 0.00 III-A 138,846,800.00 1.~~80000~~96500% 8278,~~226~~330,~~545~~140.5917 ~~123~~141,~~339~~092.8216 0.00 0.00 IV-A 25,932,300.00 4.~~30016~~21900% 1816,~~944~~626,~~591~~311.4580 6758,~~887~~455.3040 0.00 0.00 V-A 41,583,300.00 4.~~61836~~61832% 3837,~~015~~893,~~992~~346.0975 ~~146~~145,~~309~~836.5145 0.00 0.00 VI-A 18,319,500.00 4.~~90680~~90679% 17,~~543~~536,~~158~~462.7061 71,~~733~~706.9750 0.00 0.00 S 0.00 32.~~32306~~67723% 8278,~~226~~330,~~545~~140.5917 ~~227~~192,~~703~~232.2510 0.00 0.00 R-I 50.00 4.~~33558~~33810% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~33558~~33810% 0.00 0.00 0.00 0.00 R-III 50.00 4.~~33558~~33810% 0.00 0.00 0.00 0.00 B-1 13,288,100.00 4.~~78833~~77898% 13,~~234~~229,~~954~~833.3630 52,~~811~~687.0964 0.00 0.00 B-2 10,490,700.00 4.~~78833~~77898% 10,~~448~~444,~~742~~699.5456 41,~~693~~595.3488 0.00 0.00 B-3 6,294,200.00 4.~~78833~~77898% 6,~~269~~266,~~026~~600.4070 2524,~~015~~956.1365 0.00 0.00 B-4 6,993,900.00 4.~~78833~~77898% 6,~~965~~963,~~927~~232.9660 27,~~795~~730.9698 0.00 0.00 B-5 2,098,000.00 4.~~78833~~77898% 2,~~089~~088,~~609~~800.0753 8,~~338~~318.1162 0.00 0.00 B-6 2,098,516.29 4.~~78833~~77898% 2,~~090~~089,~~123~~314.3056 8,~~340~~320.1667 0.00 0.00 Totals 699,374,666.29 2,~~114~~044,~~867~~024.8308 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 (0220.~~01)~~84 0.00 ~~430~~402,~~088~~786.6128 0.00 ~~105~~99,~~802~~364,~~863~~636.9477 I-X 04.0011 0.00 87,~~011~~490.0448 0.00 3332,~~810~~930,~~146~~616.8096 II-A (0453.~~01)~~27 0.00 ~~841~~826,~~753~~702.0438 0.00 ~~214~~207,~~547~~694,~~642~~632.1002 II-X 018.0032 0.00 3433,~~047~~415.5235 0.00 ~~214~~207,~~547~~694,~~642~~632.1002 III-A 077.0032 0.00 ~~123~~141,~~339~~014.8285 0.00 7875,~~330~~729,~~140~~846.1743 IV-A 032.0003 0.00 6758,~~887~~423.3136 0.00 1615,~~626~~944,~~311~~188.8006 V-A 079.0092 0.00 ~~146~~145,~~309~~756.5153 0.00 37,~~893~~261,~~346~~698.7566 VI-A 039.0029 0.00 71,~~733~~667.9720 0.00 17,~~536~~327,~~462~~968.6162 S 0105.0034 0.00 ~~227~~192,~~703~~126.2676 0.00 7875,~~330~~729,~~140~~846.1743 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-1 028.0087 0.00 52,~~811~~658.0976 0.00 13,~~229~~224,~~833~~727.3008 B-2 022.0079 0.00 41,~~693~~573.3408 0.00 10,~~444~~440,~~699~~668.5630 B-3 013.0068 0.00 2524,~~015~~942.1398 0.00 6,~~266~~264,~~600~~182.7003 B-4 015.0020 0.00 27,~~795~~715.9678 0.00 6,~~963~~960,~~232~~545.6005 B-5 04.0056 0.00 8,~~338~~314.1106 0.00 2,~~088~~087,~~800~~994.5333 B-6 04.0056 0.00 8,~~340~~316.1611 0.00 2,~~089~~088,~~314~~508.5616 Totals (01,120.~~02)~~10 0.00 2,~~114~~042,~~867~~903.8796 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 171,568,600.00 4.~~58601~~57085% ~~655~~616.~~94411880~~67964849 2.~~50680253~~34895616 0.00000000 0.00000000 I-X 0.00 0.26600% ~~782~~732.~~94182878~~46735588 0.~~17355220~~16236354 0.00000000 0.00000000 II-A 261,860,600.00 4.~~62318~~62642% ~~834~~819.~~36286486~~32005846 3.~~21450814~~15876333 0.00000000 0.00000000 II-X 0.00 0.18700% ~~834~~819.~~36286486~~32005846 0.~~13002155~~12767736 0.00000000 0.00000000 III-A 138,846,800.00 1.~~80000~~96500% ~~592~~564.~~21059175~~14796862 01.~~88831590~~01617149 0.00000000 0.00000000 IV-A 25,932,300.00 4.~~30016~~21900% ~~730~~641.~~54034737~~14296842 2.~~61786652~~25415409 0.00000000 0.00000000 V-A 41,583,300.00 4.~~61836~~61832% ~~914~~911.~~21296747~~26357817 3.~~51846799~~50709179 0.00000000 0.00000000 VI-A 18,319,500.00 4.~~90680~~90679% 957.~~62213488~~25661781 3.~~91571659~~91421709 0.00000000 0.00000000 S 0.00 32.~~32306~~67723% ~~592~~564.~~21059175~~14796862 1.~~63996037~~38449068 0.00000000 0.00000000 R-I 50.00 4.~~33558~~33810% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~33558~~33810% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.~~33558~~33810% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,288,100.00 4.~~78833~~77898% ~~996~~995.~~00050873~~61512180 3.~~97431461~~96502435 0.00000000 0.00000000 B-2 10,490,700.00 4.~~78833~~77898% ~~996~~995.~~00050902~~61512197 3.~~97431439~~96502426 0.00000000 0.00000000 B-3 6,294,200.00 4.~~78833~~77898% ~~996~~995.~~00050840~~61512186 3.~~97431445~~96502335 0.00000000 0.00000000 B-4 6,993,900.00 4.~~78833~~77898% ~~996~~995.~~00050901~~61512175 3.~~97431476~~96502381 0.00000000 0.00000000 B-5 2,098,000.00 4.~~78833~~77898% ~~996~~995.~~00051001~~61512393 3.~~97431363~~96502383 0.00000000 0.00000000 B-6 2,098,516.29 4.~~78833~~77898% ~~996~~995.~~00051234~~61512577 3.~~97431273~~96502521 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A (0.~~00000006)~~00128718 0.00000000 2.~~50680259~~34766898 0.00000000 ~~616~~579.~~67964849~~15397555 I-X 0.~~00000000~~00008904 0.00000000 0.~~17355220~~16227472 0.00000000 ~~732~~713.~~46735588~~41310864 II-A (0.~~00000004)~~00173096 0.00000000 3.~~21450818~~15703233 0.00000000 ~~819~~793.~~32005846~~14960716 II-X 0.~~00000000~~00006996 0.00000000 0.~~13002155~~12760740 0.00000000 ~~819~~793.~~32005846~~14960716 III-A 0.~~00000000~~00055687 0.00000000 01.~~88831590~~01561469 0.00000000 ~~564~~545.~~14796862~~42017843 IV-A 0.~~00000000~~00123514 0.00000000 2.~~61786691~~25291856 0.00000000 ~~641~~614.~~14296842~~83894834 V-A 0.~~00000000~~00192193 0.00000000 3.~~51846799~~50516986 0.00000000 ~~911~~896.~~26357817~~07363196 VI-A 0.~~00000000~~00214471 0.00000000 3.~~91571659~~91207184 0.00000000 ~~957~~945.~~25661781~~87563089 S 0.~~00000000~~00075868 0.00000000 1.~~63996045~~38373200 0.00000000 ~~564~~545.~~14796862~~42017843 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~~00217262 0.00000000 3.~~97431461~~96285097 0.00000000 995.~~61512180~~23085166 B-2 0.~~00000000~~00217240 0.00000000 3.~~97431439~~96285091 0.00000000 995.~~61512197~~23085209 B-3 0.~~00000000~~00217343 0.00000000 3.~~97431445~~96285151 0.00000000 995.~~61512186~~23085221 B-4 0.~~00000000~~00217332 0.00000000 3.~~97431476~~96285048 0.00000000 995.~~61512175~~23085117 B-5 0.~~00000000~~00217350 0.00000000 3.~~97431363~~96285033 0.00000000 995.~~61512393~~23085319 B-6 0.~~00000000~~00217296 0.00000000 3.~~97431273~~96285225 0.00000000 995.~~61512577~~23085427 (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 19,~~323~~647,~~503~~032.2713 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,~~609~~913.3863 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 19,~~342~~665,~~112~~945.6576 Withdrawals Reimbursement for Servicer Advances 1018,~~845~~609.0838 Payment of Service Fee ~~180~~174,~~802~~779.3129 Payment of Interest and Principal 19,~~150~~472,~~465~~557.2609 Total Withdrawals (Pool Distribution Amount) 19,~~342~~665,~~112~~945.6576 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall (01,120.~~02)~~10

SERVICING FEES Gross Servicing Fee ~~120~~116,~~842~~043.3402 Additional Servicing Fee 5958,~~959~~736.9727 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~180~~174,~~802~~779.3129

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 10 0 0 65 21,~~002~~178,~~103~~315.3422 ~~129,000~~0.00 0.00 0.00 21,~~131~~178,~~103~~315.3422 60 Days 2 1 0 0 03 ~~1 473~~698,~~999~~037.9870 0129,000.00 0.00 0.00 ~~473~~827,~~999~~037.9870 90 Days 20 0 1 0 01 ~~3 594,566~~0.~~70 194,320.~~00 0.00 473,999.98 0.00 ~~788~~473,~~886~~999.7098 120 Days 0 1 02 0 03 ~~1 336,800~~0.00 0194,320.00 0594,566.0070 0.00 ~~336~~788,~~800~~886.0070 150 Days 0 0 1 0 0 1 0.00 0336,800.00 ~~134,962~~0.0900 0.00 ~~134~~336,~~962~~800.0900 180+ Days 0 0 34 0 34 0.00 0.00 ~~213~~348,~~650~~612.3342 0.00 ~~213~~348,~~650~~612.3342 Totals 97 23 47 0 1517 31,~~407~~876,~~470~~352.0292 ~~323~~660,~~320~~120.00 ~~348~~1,~~612~~417,179.4210 0.00 43,~~079~~953,~~402~~652.4402 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~288850~~297974% 0.~~057770~~000000% 0.000000% 0.000000% 0.~~346620~~297974% 0.~~391066~~238269% 0.~~025197~~000000% 0.000000% 0.000000% 0.~~416264~~238269% 60 Days 0.~~057770~~119190% 0.~~000000~~059595% 0.000000% 0.000000% 0.~~057770~~178784% 0.~~092585~~141152% 0.~~000000~~026085% 0.000000% 0.000000% 0.~~092585~~167237% 90 Days 0.~~115540~~000000% 0.~~057770~~000000% 0.~~000000~~059595% 0.000000% 0.~~173310~~059595% 0.~~116135~~000000% 0.~~037956~~000000% 0.~~000000~~095848% 0.000000% 0.~~154091~~095848% 120 Days 0.~~057770~~000000% 0.~~000000~~059595% 0.~~000000~~119190% 0.000000% 0.~~057770~~178784% 0.~~065786~~000000% 0.~~000000~~039294% 0.~~000000~~120229% 0.000000% 0.~~065786~~159522% 150 Days 0.000000% 0.~~000000~~059595% 0.~~057770~~000000% 0.000000% 0.~~057770~~059595% 0.000000% 0.~~000000~~068105% 0.~~026362~~000000% 0.000000% 0.~~026362~~068105% 180+ Days 0.000000% 0.000000% 0.~~173310~~238379% 0.000000% 0.~~173310~~238379% 0.000000% 0.000000% 0.~~041732~~070494% 0.000000% 0.~~041732~~070494% Totals 0.~~519931~~417163% 0.~~115540~~178784% 0.~~231080~~417163% 0.000000% 01.~~866551~~013111% 0.~~665574~~379421% 0.~~063153~~133484% 0.~~068094~~286571% 0.000000% 0.~~796821~~799476%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1A 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 20 0 0 0 20 ~~594,566~~0.7000 0.00 0.00 0.00 ~~594,566~~0.7000 120 Days 1 0 0 2 0 12 ~~336,800~~0.00 0.00 0594,566.0070 0.00 ~~336~~594,~~800~~566.0070 150 Days 0 01 0 0 01 0.00 0336,800.00 0.00 0.00 0336,800.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 01 2 0 3 ~~931,366.70~~ 0.00 0336,800.00 594,566.70 0.00 931,366.70 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.~~925926~~000000% 0.000000% 0.000000% 0.000000% 0.~~925926~~000000% 0.~~718710~~000000% 0.000000% 0.000000% 0.000000% 0.~~718710~~000000% 120 Days 0.~~462963~~000000% 0.000000% 0.~~000000~~990099% 0.000000% 0.~~462963~~990099% 0.~~407123~~000000% 0.000000% 0.~~000000~~770563% 0.000000% 0.~~407123~~770563% 150 Days 0.000000% 0.~~000000~~495050% 0.000000% 0.000000% 0.~~000000~~495050% 0.000000% 0.~~000000~~436496% 0.000000% 0.000000% 0.~~000000~~436496% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~388889~~000000% 0.~~000000~~495050% 0.~~000000~~990099% 0.000000% 1.~~388889~~485149% 10.~~125833~~000000% 0.~~000000~~436496% 0.~~000000~~770563% 0.000000% 1.~~125833~~207059% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1B 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 1 0 0 0 1 ~~649~~355,~~000~~788.0045 0.00 0.00 0.00 ~~649~~355,~~000~~788.0045 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 1 0 0 0 1 ~~649~~355,~~000~~788.0045 0.00 0.00 0.00 ~~649~~355,~~000~~788.0045 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~900901~~925926% 0.000000% 0.000000% 0.000000% 0.~~900901~~925926% 1.~~919028~~080085% 0.000000% 0.000000% 0.000000% 1.~~919028~~080085% 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.~~900901~~925926% 0.000000% 0.000000% 0.000000% 0.~~900901~~925926% 1.~~919028~~080085% 0.000000% 0.000000% 0.000000% 1.~~919028~~080085% 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 32 10 0 0 42 1354,~~089,447~~250.7000 ~~129,000~~0.00 0.00 0.00 1354,~~218,447~~250.7000 60 Days 2 1 0 0 03 ~~1 473~~698,~~999~~037.9870 0129,000.00 0.00 0.00 ~~473~~827,~~999~~037.9870 90 Days 0 0 1 0 0 1 0.00 ~~194,320~~0.00 0473,999.0098 0.00 ~~194~~473,~~320~~999.0098 120 Days 0 01 0 0 01 0.00 0194,320.00 0.00 0.00 0194,320.00 150 Days 0 0 10 0 10 0.00 0.00 ~~134,962~~0.0900 0.00 ~~134,962~~0.0900 180 Days 0 0 34 0 34 0.00 0.00 ~~213~~348,~~650~~612.3342 0.00 ~~213~~348,~~650~~612.3342 Totals 4 2 45 0 1011 1,~~563~~052,~~447~~287.6870 323,320.00 ~~348~~822,612.4240 0.00 2,~~235~~198,~~380~~220.10 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~348837~~239234% 0.~~116279~~000000% 0.000000% 0.000000% 0.~~465116~~239234% 0.~~471715~~158077% 0.~~055855~~000000% 0.000000% 0.000000% 0.~~527570~~158077% 60 Days 0.~~116279~~239234% 0.~~000000~~119617% 0.000000% 0.000000% 0.~~116279~~358852% 0.~~205235~~311486% 0.~~000000~~057564% 0.000000% 0.000000% 0.~~205235~~369050% 90 Days 0.000000% 0.~~116279~~000000% 0.~~000000~~119617% 0.000000% 0.~~116279~~119617% 0.000000% 0.~~084138~~000000% 0.~~000000~~211513% 0.000000% 0.~~084138~~211513% 120 Days 0.000000% 0.~~000000~~119617% 0.000000% 0.000000% 0.~~000000~~119617% 0.000000% 0.~~000000~~086712% 0.000000% 0.000000% 0.~~000000~~086712% 150 Days 0.000000% 0.000000% 0.~~116279~~000000% 0.000000% 0.~~116279~~000000% 0.000000% 0.000000% 0.~~058437~~000000% 0.000000% 0.~~058437~~000000% 180 Days 0.000000% 0.000000% 0.~~348837~~478469% 0.000000% 0.~~348837~~478469% 0.000000% 0.000000% 0.~~092508~~155562% 0.000000% 0.~~092508~~155562% Totals 0.~~465116~~478469% 0.~~232558~~239234% 0.~~465116~~598086% 0.000000% 1.~~162791~~315789% 0.~~676951~~469563% 0.~~139993~~144275% 0.~~150944~~367075% 0.000000% 0.~~967888~~980914% 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 01 0 0 0 01 0360,000.00 0.00 0.00 0.00 0360,000.00 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 01 0 0 0 01 0360,000.00 0.00 0.00 0.00 0360,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~458716% 0.000000% 0.000000% 0.000000% 0.~~000000~~458716% 0.~~000000~~426437% 0.000000% 0.000000% 0.000000% 0.~~000000~~426437% 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~~458716% 0.000000% 0.000000% 0.000000% 0.~~000000~~458716% 0.~~000000~~426437% 0.000000% 0.000000% 0.000000% 0.~~000000~~426437% 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% 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 1 0 0 0 1 ~~263~~108,~~655~~276.6477 0.00 0.00 0.00 ~~263~~108,~~655~~276.6477 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 1 0 0 0 1 ~~263~~108,~~655~~276.6477 0.00 0.00 0.00 ~~263~~108,~~655~~276.6477 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~568182~~574713% 0.000000% 0.000000% 0.000000% 0.~~568182~~574713% 0.~~650973~~271581% 0.000000% 0.000000% 0.000000% 0.~~650973~~271581% 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.~~568182~~574713% 0.000000% 0.000000% 0.000000% 0.~~568182~~574713% 0.~~650973~~271581% 0.000000% 0.000000% 0.000000% 0.~~650973~~271581% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 18,~~609~~913.3863

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 527,806,066.29 75.46828499% ~~406~~395,~~016~~024,~~384~~958.6874 79.~~32808035~~90155182% 91.~~973244~~693469% 0.000000% Class II-A 265,945,466.29 38.02617954% ~~191~~187,~~468~~330,~~742~~326.5872 37.~~40944545~~89123567% 4142.~~918635~~010316% ~~522~~505.~~236329~~750429% Class III-A 127,098,666.29 18.17318705% ~~113~~111,~~138~~600,~~602~~480.4129 22.~~10518708~~57338774% 15.~~304258~~317848% ~~190~~184.~~665553~~407281% Class S 127,098,666.29 18.17318705% ~~113~~111,~~138~~600,~~602~~480.4129 22.~~10518708~~57338774% 0.000000% 0.000000% Class IV-A 101,166,366.29 14.46526035% 9695,~~512~~656,~~290~~292.6123 1819.~~85671375~~34836273% 3.~~248473~~225025% 4038.~~470564~~825173% Class V-A 59,582,916.29 8.51945590% 58,~~618~~394,~~943~~593.8657 11.~~45305575~~81145277% 7.~~403658~~536910% 9290.~~237240~~734748% Class B-1 27,975,316.29 4.00004713% 27,~~852~~841,~~647~~897.9587 5.~~44189146~~63157035% 2.~~584864~~674961% 32.203102% Class B-2 17,484,616.29 2.50003569% 17,~~407~~401,~~948~~229.3957 3.~~40119064~~51974025% 2.~~040701~~111830% 25.423731% Class B-3 11,190,416.29 1.60006029% 11,~~141~~137,~~347~~047.6954 2.~~17681295~~25268647% 1.~~224378~~267054% 15.~~253705~~253706% Class B-4 4,196,516.29 0.60003836% 4,~~178~~176,~~115~~502.0949 0.~~81632629~~84477961% 1.~~360487~~407907% 16.949396% Class B-5 2,098,516.29 0.30005609% 2,~~089~~088,~~314~~508.5616 0.~~40821336~~42244177% 0.~~408113~~422338% 5.084407% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~408213~~422442% 5.085658% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~208999~~202157% Weighted Average Net Coupon 4.~~934801~~930085% Weighted Average Pass-Through Rate 4.~~798749~~792373% Weighted Average Maturity(Stepdown Calculation ) ~~346~~345 Beginning Scheduled Collateral Loan Count 1,~~772~~731 Number Of Loans Paid In Full 4153 Ending Scheduled Collateral Loan Count 1,~~731~~678 Beginning Scheduled Collateral Balance ~~528~~511,~~854~~819,~~845~~248.8748 Ending Scheduled Collateral Balance ~~511~~494,~~819~~389,~~248~~595.4836 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 ~~511~~494,~~959~~530,~~945~~482.5654 Monthly P &I Constant 2,~~494~~409,~~585~~509.8141 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1819,~~970~~294,~~569~~210.0347 Ending Scheduled Balance for Premium Loans ~~511~~494,~~819~~389,~~248~~595.4836 Scheduled Principal ~~198~~190,~~915~~706.6505 Unscheduled Principal 1617,~~836~~238,~~681~~947.7407

Miscellaneous Reporting Group 1 Senior % 9190.~~315679~~817571% Group 1 Senior Prepayment % 100.000000% Group 1 Subordinate % 89.~~684321~~182429% Group 1 Subordinate Prepayment % 0.000000% Group 2 Senior % 9392.~~035837~~919503% Group 2 Senior Prepayment % 100.000000% Group 2 Subordinate % 67.~~964163~~080497% Group 2 Subordinate Prepayment % 0.000000% Group 3 Senior % 90.~~459625~~035854% Group 3 Senior Prepayment % 100.000000% Group 3 Subordinate % 9.~~540375~~964146% Group 3 Subordinate Prepayment % 0.000000% Group 4 Senior % 9291.~~149384~~157013% Group 4 Senior Prepayment % 100.000000% Group 4 Subordinate % 78.~~850616~~842987% Group 4 Subordinate Prepayment % 0.000000% Group 5 Senior % 93.~~584319~~565169% Group 5 Senior Prepayment % 100.000000% Group 5 Subordinate % 6.~~415681~~434831% Group 5 Subordinate Prepayment % 0.000000% Group 6 Senior % 93.~~854745~~852543% Group 6 Senior Prepayment % 100.000000% Group 6 Subordinate % 6.~~145255~~147457% Group 6 Subordinate Prepayment % 0.000000%

Group Level Collateral Statement Group Group 1A Group 1B Group 2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 54.~~013256~~992730 5.~~322731~~321150 5.~~203205~~206322 Weighted Average Net Rate 4.~~573257~~552731 4.~~882731~~881150 5.~~009979~~013916 Weighted Average Maturity ~~347~~346 ~~347~~346 ~~246~~245 Beginning Loan Count ~~226~~216 ~~118~~111 ~~873~~860 Loans Paid In Full 1014 73 1324 Ending Loan Count ~~216~~202 ~~111~~108 ~~860~~836 Beginning Scheduled Balance 8782,~~102~~690,~~148~~287.5001 3633,~~140~~810,~~010~~146.8280 ~~234~~230,~~841~~896,~~506~~244.3205 Ending scheduled Balance 8277,~~690~~126,~~287~~515.0154 3332,~~810~~930,~~146~~616.8096 ~~230~~224,~~896~~037,~~244~~051.0566 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~410~~387,~~057~~711.9154 ~~173~~161,~~726~~513.6366 1,~~106~~089,~~496~~081.4540 Scheduled Principal 4643,~~170~~669.0761 1311,~~423~~589.6761 8887,~~222~~314.6357 Unscheduled Principal 45,~~365~~520,~~691~~101.4286 2867,~~316,440~~940.3523 36,~~857~~771,~~039~~877.6482 Scheduled Interest ~~363~~344,~~887~~041.8493 ~~160~~149,~~302~~924.9605 1,~~018~~001,~~273~~766.8283 Servicing Fees 3130,~~937~~319.4577 1312,~~251~~397.3305 37,~~814~~021.5958 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 3938,~~100~~578.9673 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 ~~331~~313,~~950~~722.3916 ~~147~~137,~~051~~527.6300 ~~941~~926,~~358~~166.2752 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.~~573256~~552730 4.~~882731~~881150 4.~~810180~~813417

Group Level Collateral Statement Group Group 3 Group 4 Group 5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~563062~~546452 4.~~684138~~601457 5.~~000874~~000861 Weighted Average Net Rate 5.~~123062~~106452 4.~~565177~~473884 4.~~950874~~950861 Weighted Average Maturity ~~345~~ 344 ~~347~~343 346 Beginning Loan Count ~~232~~224 6866 ~~177~~176 Loans Paid In Full 86 2 12 Ending Loan Count ~~224~~218 6664 ~~176~~174 Beginning Scheduled Balance 9086,~~898~~998,~~614~~830.5425 2018,~~558~~239,~~565~~202.4603 40,~~622~~499,~~181~~415.6686 Ending scheduled Balance 8684,~~998~~395,~~830~~079.2579 1817,~~239~~556,~~202~~056.0354 4039,~~499~~867,~~415~~646.8638 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~456~~436,~~812~~803.0891 9481,~~054~~493.40 ~~171~~170,~~166~~663.3104 Scheduled Principal 3534,~~416~~691.5653 1311,~~805~~554.1032 1,~~877~~886.6241 Unscheduled Principal 32,~~864~~569,~~367~~058.7393 2671,~~305,558~~591.3317 ~~120~~629,~~888~~883.1807 Scheduled Interest ~~421~~402,~~395~~112.5238 8069,~~249~~939.3008 ~~169~~168,~~288~~776.6963 Servicing Fees 3331,~~329~~899.4958 21,~~038~~939.0502 1,~~692~~687.6047 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 43,~~540~~874.3301 11,~~256~~222.3298 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 ~~388~~370,~~066~~212.0380 7364,~~670~~126.9205 ~~156~~155,~~339~~866.7718 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 5.~~123062~~106452 4.~~300160~~219004 4.~~618357~~618324

Group Level Collateral Statement Group Group 6 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~281799~~281793 5.~~208999~~202157 Weighted Average Net Rate 5.~~231799~~231793 4.~~934801~~930085 Weighted Average Maturity ~~348~~347.00 ~~346~~345.00 Record Date 0708/31/2004 0708/31/2004 Principal And Interest Constant 82,~~272~~242.0346 2,~~494~~409,~~585~~509.8141 Beginning Loan Count 78 1,~~772~~731 Loans Paid In Full 02 4153 Ending Loan Count 7876 1,~~731~~678 Beginning Scheduled Balance 18,~~691~~685,~~818~~122.5748 ~~528~~511,~~854~~819,~~845~~248.8748 Ending Scheduled Balance 18,~~685~~476,~~122~~628.4849 ~~511~~494,~~819~~389,~~248~~595.4836 Scheduled Principal 0.00 ~~198~~190,~~915~~706.6505 Unscheduled Principal 6208,~~696~~493.0999 1617,~~836~~238,~~681~~947.7407 Scheduled Interest 82,~~272~~242.0346 2,~~295~~218,~~670~~803.1636 Servicing Fee 778.8355 ~~120~~116,~~842~~043.3402 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 5,~~062~~060.3655 5958,~~959~~736.9727 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 76,~~430~~403.8436 2,~~114~~044,~~867~~024.8507 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 4.~~906799~~906793 4.~~798749~~792373

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PAS THR CERTS SER 2003-3