8-K 1 bst02007_sep.txt SEPT. 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): September 27, 2004 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-04 90-0072891 Pooling and Servicing Agreement) (Commission 90-0073006 (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 September 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2002-7 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: 9/29/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the September 27, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 78/31/~~2004~~04 Distribution Date: 89/2527/~~2004~~04 BST Series: 2002-7 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 07384MMR0 SEN 5.~~54694~~55441% 11,~~764~~219,~~901~~880.4619 5451,~~382~~933.7019 ~~545~~1,~~021~~043,945.2703 II-A 07384MMS8 SEN 5.~~77056~~86189% 54,~~588~~324,~~389~~214.2973 2621,~~873~~123.4639 15,~~264,174~~441.5619 III-A 07384MMT6 SEN 5.~~92717~~88986% 6,~~861~~137,~~290~~100.1782 3330,~~890~~122.0122 ~~724~~211,~~189~~697.3589 IV-A 07384MMU3 SEN 6.~~68878~~84718% 1,~~894~~601,~~257~~811.4278 109,~~558~~139.5691 ~~292~~432,~~445~~572.6496 V-A-1 07384MMV1 SEN 5.~~34830~~33644% 6,~~753~~367,~~871~~095.3850 3028,~~101~~314.4467 ~~386~~105,~~775~~603.8713 V-A-2 07384MNE8 SEN 5.~~84330~~83144% 1413,~~167~~356,~~702~~356.1229 6864,~~988~~905.4462 ~~811~~221,~~345~~525.8235 V-X 07384MNF5 SEN 0.49500% 0.00 2,~~785~~626.9743 0.00 VI-A 07384MMW9 SEN 5.~~57797~~60162% 1312,~~133~~165,~~380~~942.8680 6156,~~047~~790.9984 ~~967~~148,~~438~~187.0687 VI-X 07384MNG3 SEN 0.47900% 0.00 54,~~242~~856.4124 0.00 VII-A 07384MMX7 SEN 5.~~59474~~58700% 109,~~003~~649,~~835~~213.3093 4644,~~640~~925.6816 ~~354~~12,~~621~~300.3738 VII-X 07384MNH1 SEN 0.64700% 0.00 5,~~393~~202.7353 0.00 B-1 07384MNB4 SUB 5.~~93482~~94821% 4,~~413~~254,~~448~~123.5217 21,~~827~~087.5302 ~~159~~81,~~325~~106.3501 B-2 07384MNC2 SUB 5.~~93482~~94821% 32,~~001~~892,~~290~~943.3486 14,~~843~~339.4487 ~~108~~55,~~346~~154.4876 B-3 07384MND0 SUB 5.~~93482~~94821% 1,~~765~~701,~~389~~659.6414 8,~~731~~434.0686 6332,~~730~~442.5159 B-4 07384MNJ7 SUB 5.~~93482~~94821% ~~882~~850,~~720~~854.4123 4,~~365~~217.6655 3116,~~866~~221.1877 B-5 07384MNL2 SUB 5.~~93482~~94821% ~~706~~680,~~155~~663.8665 3,~~492~~373.4294 2512,~~492~~977.2004 B-6 07384MNN8 SUB 5.~~93482~~94821% ~~706~~680,~~316~~818.2829 3,~~493~~374.2271 2512,~~497~~979.99 R-I 07384MMZ2 SEN 5.~~64139~~64162% 0.00 0.00 0.00 R-II 07384MNA6 SEN 5.~~64139~~64162% 0.00 0.00 0.00 Totals 8175,~~642~~882,~~949~~678.0538 ~~402~~374,~~658~~768.7215 52,~~760~~392,~~270~~155.6596

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 1110,~~219~~175,~~880~~935.1916 ~~599~~1,~~403~~095,878.9722 0.00 II-A 0.00 4,~~324~~318,~~214~~773.7355 126,~~291,048~~564.0258 0.00 III-A 0.00 65,~~137~~925,~~100~~402.8293 ~~758~~241,~~079~~820.3611 0.00 IV-A 0.00 1,~~601~~169,~~811~~238.7882 ~~303~~441,~~004~~712.2087 0.00 V-A-1 0.00 6,~~367~~261,~~095~~492.5037 ~~416~~133,~~877~~917.3180 0.00 V-A-2 0.00 13,~~356~~134,~~356~~830.2995 ~~880~~286,~~334~~430.2697 0.00 V-X 0.00 0.00 2,~~785~~626.9743 0.00 VI-A 0.00 12,~~165~~017,~~942~~754.8094 1204,~~028,486~~978.0571 0.00 VI-X 0.00 0.00 54,~~242~~856.4124 0.00 VII-A 0.00 9,~~649~~636,~~213~~913.9355 ~~401~~57,~~262~~225.0554 0.00 VII-X 0.00 0.00 5,~~393~~202.7353 0.00 B-1 0.00 4,~~254~~173,~~123~~017.1716 ~~181~~102,~~152~~193.8803 0.00 B-2 0.00 2,~~892~~837,~~943~~789.8610 ~~123~~69,~~189~~494.9263 0.00 B-3 0.00 1,~~701~~669,~~659~~216.1454 7240,~~461~~877.5745 0.00 B-4 0.00 ~~850~~834,~~854~~632.2347 3620,~~231~~439.8432 0.00 B-5 0.00 ~~680~~667,~~663~~686.6562 2816,~~984~~350.6298 0.00 B-6 0.00 ~~680~~667,~~818~~838.2930 2816,~~991~~354.2170 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 7573,~~882~~490,~~678~~522.3846 62,~~162~~766,~~929~~924.3711 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 129,498,400.00 11,~~764~~219,~~901~~880.4619 14,~~846~~274.5179 ~~530~~1,~~174~~029,670.7625 0.00 0.00 II-A 59,280,900.00 54,~~588~~324,~~389~~214.2973 65,~~702~~122.0081 ~~1,257,472~~318.5538 0.00 0.00 III-A 30,541,200.00 6,~~861~~137,~~290~~100.1782 32,~~387~~983.8444 ~~720~~208,~~801~~714.5145 0.00 0.00 IV-A 46,458,500.00 1,~~894~~601,~~257~~811.4278 32,~~193~~827.1450 ~~289~~429,~~252~~745.5046 0.00 0.00 V-A-1 70,000,000.00 6,~~753~~367,~~871~~095.3850 8,~~799~~420.4942 ~~377~~97,~~976~~182.3871 0.00 0.00 V-A-2 146,840,100.00 1413,~~167~~356,~~702~~356.1229 1817,~~458~~663.8465 ~~792~~203,~~886~~861.9970 0.00 0.00 V-X 0.00 0.00 0.00 0.00 0.00 0.00 VI-A 73,744,800.00 1312,~~133~~165,~~380~~942.8680 1,~~203~~205.6181 ~~966~~146,~~234~~982.4406 0.00 0.00 VI-X 0.00 0.00 0.00 0.00 0.00 0.00 VII-A 111,119,500.00 109,~~003~~649,~~835~~213.3093 9,~~919~~647.1465 ~~344~~2,~~702~~652.2473 0.00 0.00 VII-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,700.00 4,~~413~~254,~~448~~123.5217 4,~~657~~544.9498 ~~154~~76,~~667~~561.4103 0.00 0.00 B-2 5,864,400.00 32,~~001~~892,~~290~~943.3486 3,~~167~~090.5574 ~~105~~52,~~178~~064.9302 0.00 0.00 B-3 3,449,500.00 1,~~765~~701,~~389~~659.6414 1,~~863~~818.1800 6130,~~867~~624.3259 0.00 0.00 B-4 1,724,800.00 ~~882~~850,~~720~~854.4123 ~~931~~909.6203 3015,~~934~~312.5674 0.00 0.00 B-5 1,379,800.00 ~~706~~680,~~155~~663.8665 ~~745~~727.2720 2412,~~746~~249.9384 0.00 0.00 B-6 1,380,114.00 ~~706~~680,~~316~~818.2829 ~~745~~727.4437 2412,~~752~~252.5562 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 Totals 689,905,814.00 8175,~~642~~882,~~949~~678.0538 7873,~~621~~963.5739 52,~~681~~318,~~649~~192.0758 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 ~~545~~1,~~021~~043,945.2703 1110,~~219~~175,~~880~~935.1916 0.~~08664107~~07857962 ~~545~~1,~~021~~043,945.2703 II-A 15,~~264,174~~441.5619 4,~~324~~318,~~214~~773.7355 0.~~07294449~~07285270 15,~~264,174~~441.5619 III-A ~~724~~211,~~189~~697.3589 65,~~137~~925,~~100~~402.8293 0.~~20094498~~19401343 ~~724~~211,~~189~~697.3589 IV-A ~~292~~432,~~445~~572.6496 1,~~601~~169,~~811~~238.7882 0.~~03447834~~02516738 ~~292~~432,~~445~~572.6496 V-A-1 ~~386~~105,~~775~~603.8713 6,~~367~~261,~~095~~492.5037 0.~~09095851~~08944989 ~~386~~105,~~775~~603.8713 V-A-2 ~~811~~221,~~345~~525.8235 13,~~356~~134,~~356~~830.2995 0.~~09095851~~08944989 ~~811~~221,~~345~~525.8235 V-X 0.00 0.00 0.00000000 0.00 VI-A ~~967~~148,~~438~~187.0687 12,~~165~~017,~~942~~754.8094 0.~~16497357~~16296410 ~~967~~148,~~438~~187.0687 VI-X 0.00 0.00 0.00000000 0.00 VII-A ~~354~~12,~~621~~300.3738 9,~~649~~636,~~213~~913.9355 0.~~08683637~~08672567 ~~354~~12,~~621~~300.3738 VII-X 0.00 0.00 0.00000000 0.00 B-1 ~~159~~81,~~325~~106.3501 4,~~254~~173,~~123~~017.1716 0.~~49330603~~48390101 ~~159~~81,~~325~~106.3501 B-2 ~~108~~55,~~346~~154.4876 2,~~892~~837,~~943~~789.8610 0.~~49330603~~48390101 ~~108~~55,~~346~~154.4876 B-3 6332,~~730~~442.5159 1,~~701~~669,~~659~~216.1454 0.~~49330603~~48390101 6332,~~730~~442.5159 B-4 3116,~~866~~221.1877 ~~850~~834,~~854~~632.2347 0.~~49330602~~48390101 3116,~~866~~221.1877 B-5 2512,~~492~~977.2004 ~~680~~667,~~663~~686.6562 0.~~49330602~~48390101 2512,~~492~~977.2004 B-6 2512,~~497~~979.99 ~~680~~667,~~818~~838.2930 0.~~49330584~~48390082 2512,~~497~~979.99 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 52,~~760~~392,~~270~~155.6596 7573,~~882~~490,~~678~~522.3846 0.~~10998991~~10652254 52,~~760~~392,~~270~~155.6596

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 129,498,400.00 9086.~~84978239~~64107194 0.~~11464628~~11023140 47.~~09406417~~95121986 0.00000000 II-A 59,280,900.00 9472.~~26964317~~94448515 0.~~11305496~~08641586 210.~~21210289~~00537070 0.00000000 III-A 30,541,200.00 ~~224~~200.~~65686253~~94497990 0.~~11092688~~09768575 236.~~60095576~~83386540 0.00000000 IV-A 46,458,500.00 4034.~~77310761~~47833615 0.~~06873102~~06086077 69.~~22604044~~25009331 0.00000000 V-A-1 70,000,000.00 9690.~~48387686~~95850714 0.~~12570700~~12029171 51.~~39966257~~38832443 0.00000000 V-A-2 146,840,100.00 9690.~~48387682~~95850718 0.~~12570708~~12029173 51.~~39966256~~38832444 0.00000000 V-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 73,744,800.00 ~~178~~164.~~09229749~~97356831 0.~~01632129~~01635112 131.~~10240776~~99311762 0.00000000 VI-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 111,119,500.00 9086.~~02772061~~83636922 0.~~08926552~~08682229 30.~~10208595~~02387277 0.00000000 VII-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,700.00 ~~511~~493.~~78131429~~30602526 0.~~54013243~~52703364 178.~~93515660~~87797929 0.00000000 B-2 5,864,400.00 ~~511~~493.~~78131437~~30602619 0.~~54013198~~52703431 178.~~93515620~~87797899 0.00000000 B-3 3,449,500.00 ~~511~~493.~~78131323~~30602696 0.~~54013045~~52703290 178.~~93515582~~87797942 0.00000000 B-4 1,724,800.00 ~~511~~493.~~78131378~~30602389 0.~~54013219~~52703502 178.~~93515770~~87798006 0.00000000 B-5 1,379,800.00 ~~511~~493.~~78131613~~30602261 0.~~54012900~~52703290 178.~~93515727~~87798232 0.00000000 B-6 1,380,114.00 ~~511~~493.~~78111373~~30583560 0.~~54012929~~52703617 178.~~93514884~~87797675 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

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 48.~~20871046~~06145118 8678.~~64107194~~57962075 0.~~08664107~~07857962 48.~~20871046~~06145118 II-A 0.00000000 210.~~32515802~~09178656 72.~~94448515~~85269876 0.~~07294449~~07285270 210.~~32515802~~09178656 III-A 0.00000000 236.~~71188264~~93155115 ~~200~~194.~~94497990~~01342875 0.~~20094498~~19401343 236.~~71188264~~93155115 IV-A 0.00000000 69.~~29477146~~31095408 3425.~~47833615~~16738207 0.~~03447834~~02516738 69.~~29477146~~31095408 V-A-1 0.00000000 51.~~52536957~~50861614 9089.~~95850714~~44989100 0.~~09095851~~08944989 51.~~52536957~~50861614 V-A-2 0.00000000 51.~~52536957~~50861618 9089.~~95850718~~44989107 0.~~09095851~~08944989 51.~~52536957~~50861618 V-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VI-A 0.00000000 132.~~11872918~~00946874 ~~164~~162.~~97356831~~96409971 0.~~16497357~~16296410 132.~~11872918~~00946874 VI-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 VII-A 0.00000000 30.~~19135138~~11069506 86.~~83636922~~72567416 0.~~08683637~~08672567 30.~~19135138~~11069506 VII-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 189.~~47528903~~40501293 ~~493~~483.~~30602526~~90101233 0.~~49330603~~48390101 189.~~47528903~~40501293 B-2 0.00000000 189.~~47528818~~40501330 ~~493~~483.~~30602619~~90101289 0.~~49330603~~48390101 189.~~47528818~~40501330 B-3 0.00000000 189.~~47528917~~40501232 ~~493~~483.~~30602696~~90101174 0.~~49330603~~48390101 189.~~47528917~~40501232 B-4 0.00000000 189.~~47528989~~40501507 ~~493~~483.~~30602389~~90101461 0.~~49330602~~48390101 189.~~47528989~~40501507 B-5 0.00000000 189.~~47528627~~40501522 ~~493~~483.~~30602261~~90101464 0.~~49330602~~48390101 189.~~47528627~~40501522 B-6 0.00000000 189.~~47527813~~40501292 ~~493~~483.~~30583560~~90082269 0.~~49330584~~48390082 189.~~47527813~~40501292 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 129,498,400.00 5.~~54694~~55441% 11,~~764~~219,~~901~~880.4619 5451,~~382~~933.7019 0.00 0.00 II-A 59,280,900.00 5.~~77056~~86189% 54,~~588~~324,~~389~~214.2973 2621,~~873~~123.4639 0.00 0.00 III-A 30,541,200.00 5.~~92717~~88986% 6,~~861~~137,~~290~~100.1782 3330,~~890~~122.0222 0.00 0.00 IV-A 46,458,500.00 6.~~68878~~84718% 1,~~894~~601,~~257~~811.4278 109,~~558~~139.5691 0.00 0.00 V-A-1 70,000,000.00 5.~~34830~~33644% 6,~~753~~367,~~871~~095.3850 3028,~~101~~314.4467 0.00 0.00 V-A-2 146,840,100.00 5.~~84330~~83144% 1413,~~167~~356,~~702~~356.1229 6864,~~988~~905.4463 0.00 0.00 V-X 0.00 0.49500% 6,~~753~~367,~~871~~095.3850 2,~~785~~626.9743 0.00 0.00 VI-A 73,744,800.00 5.~~57797~~60162% 1312,~~133~~165,~~380~~942.8680 6156,~~047~~790.9984 0.00 0.00 VI-X 0.00 0.47900% 1312,~~133~~165,~~380~~942.8680 54,~~242~~856.4124 0.00 0.00 VII-A 111,119,500.00 5.~~59474~~58700% 109,~~003~~649,~~835~~213.3093 4644,~~640~~925.6816 0.00 0.00 VII-X 0.00 0.64700% 109,~~003~~649,~~835~~213.3093 5,~~393~~202.7353 0.00 0.00 B-1 8,623,700.00 5.~~93482~~94821% 4,~~413~~254,~~448~~123.5217 21,~~827~~087.5302 0.00 0.00 B-2 5,864,400.00 5.~~93482~~94821% 32,~~001~~892,~~290~~943.3486 14,~~843~~339.4487 0.00 0.00 B-3 3,449,500.00 5.~~93482~~94821% 1,~~765~~701,~~389~~659.6414 8,~~731~~434.0686 0.00 0.00 B-4 1,724,800.00 5.~~93482~~94821% ~~882~~850,~~720~~854.4123 4,~~365~~217.6655 0.00 0.00 B-5 1,379,800.00 5.~~93482~~94821% ~~706~~680,~~155~~663.8665 3,~~492~~373.4294 0.00 0.00 B-6 1,380,114.00 5.~~93482~~94821% ~~706~~680,~~316~~818.2829 3,~~493~~374.2271 0.00 0.00 R-I 50.00 5.~~64139~~64162% 0.00 0.00 0.00 0.00 R-II 50.00 5.~~64139~~64162% 0.00 0.00 0.00 0.00 Totals 689,905,814.00 ~~402~~374,~~658~~768.7316 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 0.00 0.00 5451,~~382~~933.7019 0.00 1110,~~219~~175,~~880~~935.1916 II-A 0.00 0.00 2621,~~873~~123.4639 0.00 4,~~324~~318,~~214~~773.7355 III-A 0.00 0.00 3330,~~890~~122.0122 0.00 65,~~137~~925,~~100~~402.8293 IV-A 0.00 0.00 109,~~558~~139.5691 0.00 1,~~601~~169,~~811~~238.7882 V-A-1 0.00 0.00 3028,~~101~~314.4467 0.00 6,~~367~~261,~~095~~492.5037 V-A-2 0.00 0.00 6864,~~988~~905.4462 0.00 13,~~356~~134,~~356~~830.2995 V-X 0.00 0.00 2,~~785~~626.9743 0.00 6,~~367~~261,~~095~~492.5037 VI-A 0.00 0.00 6156,~~047~~790.9984 0.00 12,~~165~~017,~~942~~754.8094 VI-X 0.00 0.00 54,~~242~~856.4124 0.00 12,~~165~~017,~~942~~754.8094 VII-A 0.00 0.00 4644,~~640~~925.6816 0.00 9,~~649~~636,~~213~~913.9355 VII-X 0.00 0.00 5,~~393~~202.7353 0.00 9,~~649~~636,~~213~~913.9355 B-1 0.00 0.00 21,~~827~~087.5302 0.00 4,~~254~~173,~~123~~017.1716 B-2 0.00 0.00 14,~~843~~339.4487 0.00 2,~~892~~837,~~943~~789.8610 B-3 0.00 0.00 8,~~731~~434.0686 0.00 1,~~701~~669,~~659~~216.1454 B-4 0.00 0.00 4,~~365~~217.6655 0.00 ~~850~~834,~~854~~632.2347 B-5 0.00 0.00 3,~~492~~373.4294 0.00 ~~680~~667,~~663~~686.6562 B-6 0.00 0.00 3,~~493~~374.2271 0.00 ~~680~~667,~~818~~838.2930 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~402~~374,~~658~~768.7215 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 129,498,400.00 5.~~54694~~55441% 9086.~~84978239~~64107194 0.~~41994882~~40103345 0.00000000 0.00000000 II-A 59,280,900.00 5.~~77056~~86189% 9472.~~26964317~~94448515 0.~~45332409~~35632708 0.00000000 0.00000000 III-A 30,541,200.00 5.~~92717~~88986% ~~224~~200.~~65686253~~94497990 10.~~10964926~~98628148 0.00000000 0.00000000 IV-A 46,458,500.00 6.~~68878~~84718% 4034.~~77310761~~47833615 0.~~22726864~~19673278 0.00000000 0.00000000 V-A-1 70,000,000.00 5.~~34830~~33644% 9690.~~48387686~~95850714 0.~~43002057~~40449529 0.00000000 0.00000000 V-A-2 146,840,100.00 5.~~84330~~83144% 9690.~~48387682~~95850718 0.~~46982016~~44201570 0.00000000 0.00000000 V-X 0.00 0.49500% 9690.~~48387686~~95850714 0.~~03979957~~03752043 0.00000000 0.00000000 VI-A 73,744,800.00 5.~~57797~~60162% ~~178~~164.~~09229749~~97356831 0.~~82782772~~77009959 0.00000000 0.00000000 VI-X 0.00 0.47900% ~~178~~164.~~09229749~~97356831 0.~~07108854~~06585197 0.00000000 0.00000000 VII-A 111,119,500.00 5.~~59474~~58700% 9086.~~02772061~~83636922 0.~~41973443~~40429592 0.00000000 0.00000000 VII-X 0.00 0.64700% 9086.~~02772061~~83636922 0.~~04853991~~04681924 0.00000000 0.00000000 B-1 8,623,700.00 5.~~93482~~94821% ~~511~~493.~~78131429~~30602526 2.~~53110962~~44524044 0.00000000 0.00000000 B-2 5,864,400.00 5.~~93482~~94821% ~~511~~493.~~78131437~~30602619 2.~~53110975~~44524077 0.00000000 0.00000000 B-3 3,449,500.00 5.~~93482~~94821% ~~511~~493.~~78131323~~30602696 2.~~53110886~~44524134 0.00000000 0.00000000 B-4 1,724,800.00 5.~~93482~~94821% ~~511~~493.~~78131378~~30602389 2.~~53111085~~44524003 0.00000000 0.00000000 B-5 1,379,800.00 5.~~93482~~94821% ~~511~~493.~~78131613~~30602261 2.~~53110596~~44523844 0.00000000 0.00000000 B-6 1,380,114.00 5.~~93482~~94821% ~~511~~493.~~78111373~~30583560 2.~~53110975~~44524003 0.00000000 0.00000000 R-I 50.00 5.~~64139~~64162% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.~~64139~~64162% 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 0.00000000 0.00000000 0.~~41994882~~40103345 0.00000000 8678.~~64107194~~57962075 II-A 0.00000000 0.00000000 0.~~45332409~~35632708 0.00000000 72.~~94448515~~85269876 III-A 0.00000000 0.00000000 10.~~10964893~~98628148 0.00000000 ~~200~~194.~~94497990~~01342875 IV-A 0.00000000 0.00000000 0.~~22726864~~19673278 0.00000000 3425.~~47833615~~16738207 V-A-1 0.00000000 0.00000000 0.~~43002057~~40449529 0.00000000 9089.~~95850714~~44989100 V-A-2 0.00000000 0.00000000 0.~~46982016~~44201563 0.00000000 9089.~~95850718~~44989107 V-X 0.00000000 0.00000000 0.~~03979957~~03752043 0.00000000 9089.~~95850714~~44989100 VI-A 0.00000000 0.00000000 0.~~82782772~~77009959 0.00000000 ~~164~~162.~~97356831~~96409971 VI-X 0.00000000 0.00000000 0.~~07108854~~06585197 0.00000000 ~~164~~162.~~97356831~~96409971 VII-A 0.00000000 0.00000000 0.~~41973443~~40429592 0.00000000 86.~~83636922~~72567416 VII-X 0.00000000 0.00000000 0.~~04853991~~04681924 0.00000000 86.~~83636922~~72567416 B-1 0.00000000 0.00000000 2.~~53110962~~44524044 0.00000000 ~~493~~483.~~30602526~~90101233 B-2 0.00000000 0.00000000 2.~~53110975~~44524077 0.00000000 ~~493~~483.~~30602619~~90101289 B-3 0.00000000 0.00000000 2.~~53110886~~44524134 0.00000000 ~~493~~483.~~30602696~~90101174 B-4 0.00000000 0.00000000 2.~~53111085~~44524003 0.00000000 ~~493~~483.~~30602389~~90101461 B-5 0.00000000 0.00000000 2.~~53110596~~44523844 0.00000000 ~~493~~483.~~30602261~~90101464 B-6 0.00000000 0.00000000 2.~~53110975~~44524003 0.00000000 ~~493~~483.~~30583560~~90082269 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 62,~~178~~792,~~466~~795.3609 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1913,~~057~~163.6469 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 62,~~197~~805,~~524~~958.0078 Withdrawals Reimbursement for Servicer Advances 1319,~~174~~057.9064 Payment of Service Fee 2119,~~419~~977.7204 Payment of Interest and Principal 62,~~162~~766,~~929~~924.3810 Total Withdrawals (Pool Distribution Amount) 62,~~197~~805,~~524~~958.0078 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2119,~~419~~977.7204 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2119,~~419~~977.7204

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 53 0 0 0 53 21,~~100~~410,~~811~~742.3833 0.00 0.00 0.00 21,~~100~~410,~~811~~742.3833 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 10 0 10 0.00 0.00 ~~332,644~~0.0500 0.00 ~~332,644~~0.0500 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~369,860~~0.0100 0.00 ~~369,860~~0.0100 180+ Days 0 0 0 1 1 2 0.00 0.00 0369,860.0001 496,117.44 ~~496~~865,~~117~~977.4445 Totals 53 0 21 1 85 21,~~100~~410,~~811~~742.3833 0.00 ~~702~~369,~~504~~860.0601 496,117.44 32,~~299~~276,~~432~~719.8878 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 21.~~336449~~442308% 0.000000% 0.000000% 0.000000% 21.~~336449~~442308% 21.~~766156~~917970% 0.000000% 0.000000% 0.000000% 21.~~766156~~917970% 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.~~467290~~000000% 0.000000% 0.~~467290~~000000% 0.000000% 0.000000% 0.~~437995~~000000% 0.000000% 0.~~437995~~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.~~467290~~000000% 0.000000% 0.~~467290~~000000% 0.000000% 0.000000% 0.~~486998~~000000% 0.000000% 0.~~486998~~000000% 180+ Days 0.000000% 0.000000% 0.~~000000~~480769% 0.~~467290~~480769% 0.~~467290~~961538% 0.000000% 0.000000% 0.~~000000~~502842% 0.~~653242~~674495% 01.~~653242~~177337% Totals 21.~~336449~~442308% 0.000000% 0.~~934579~~480769% 0.~~467290~~480769% 32.~~738318~~403846% 21.~~766156~~917970% 0.000000% 0.~~924993~~502842% 0.~~653242~~674495% 43.~~344391~~095307%

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 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 10 0 10 0.00 0.00 ~~369,860~~0.0100 0.00 ~~369,860~~0.0100 180 Days 0 0 0 1 1 2 0.00 0.00 0369,860.0001 496,117.44 ~~496~~865,~~117~~977.4445 Totals 0 0 1 1 2 0.00 0.00 369,860.01 496,117.44 865,977.45 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% 30.~~703704~~000000% 0.000000% 30.~~703704~~000000% 0.000000% 0.000000% 20.~~803394~~000000% 0.000000% 20.~~803394~~000000% 180 Days 0.000000% 0.000000% 04.000000% 34.~~703704~~000000% 38.~~703704~~000000% 0.000000% 0.000000% 03.~~000000~~065729% 34.~~760376~~112263% 37.~~760376~~177992% Totals 0.000000% 0.000000% 34.~~703704~~000000% 34.~~703704~~000000% 78.~~407407~~000000% 0.000000% 0.000000% 23.~~803394~~065729% 34.~~760376~~112263% 67.~~563770~~177992% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 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 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 1 0 0 0 1 ~~538~~537,~~369~~785.2456 0.00 0.00 0.00 ~~538~~537,~~369~~785.2456 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 10 0 10 0.00 0.00 ~~332,644~~0.0500 0.00 ~~332,644~~0.0500 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 10 0 21 ~~538~~537,~~369~~785.2456 0.00 ~~332,644~~0.0500 0.00 ~~871~~537,~~013~~785.2956 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~030303~~125000% 0.000000% 0.000000% 0.000000% 3.~~030303~~125000% 78.~~956366~~219409% 0.000000% 0.000000% 0.000000% 78.~~956366~~219409% 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% 30.~~030303~~000000% 0.000000% 30.~~030303~~000000% 0.000000% 0.000000% 40.~~916027~~000000% 0.000000% 40.~~916027~~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 3.~~030303~~125000% 0.000000% 30.~~030303~~000000% 0.000000% 63.~~060606~~125000% 78.~~956366~~219409% 0.000000% 40.~~916027~~000000% 0.000000% 128.~~872393~~219409% 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 21 0 0 0 21 ~~767~~356,~~537~~573.9339 0.00 0.00 0.00 ~~767~~356,~~537~~573.9339 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 21 0 0 0 21 ~~767~~356,~~537~~573.9339 0.00 0.00 0.00 ~~767~~356,~~537~~573.9339 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 31.~~278689~~666667% 0.000000% 0.000000% 0.000000% 31.~~278689~~666667% 31.~~283321~~549053% 0.000000% 0.000000% 0.000000% 31.~~283321~~549053% 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 31.~~278689~~666667% 0.000000% 0.000000% 0.000000% 31.~~278689~~666667% 31.~~283321~~549053% 0.000000% 0.000000% 0.000000% 31.~~283321~~549053% 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 21 0 0 0 21 ~~794~~516,~~904~~383.2138 0.00 0.00 0.00 ~~794~~516,~~904~~383.2138 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 21 0 0 0 21 ~~794~~516,~~904~~383.2138 0.00 0.00 0.00 ~~794~~516,~~904~~383.2138 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 42.~~081633~~083333% 0.000000% 0.000000% 0.000000% 42.~~081633~~083333% 53.~~844181~~840674% 0.000000% 0.000000% 0.000000% 53.~~844181~~840674% 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.~~081633~~083333% 0.000000% 0.000000% 0.000000% 42.~~081633~~083333% 53.~~844181~~840674% 0.000000% 0.000000% 0.000000% 53.~~844181~~840674% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 7 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1913,~~057~~163.6469

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 560,407,414.00 81.22955375% 6463,~~662~~314,~~798~~587.1930 8586.~~21417477~~15340481% 1413.~~785825~~846595% 0.000000% Class 2A 501,126,514.00 72.63694606% 6058,~~338~~995,~~583~~813.4675 7980.~~51562166~~27676465% 5.~~698553~~876640% 39.~~094027~~803703% Class 3A 470,585,314.00 68.21008092% 5453,~~201~~070,~~482~~410.6482 7172.~~42800410~~21395229% 8.~~087618~~062812% 5554.~~483828~~611102% Class B-1 13,798,714.00 2.00008664% 6,~~806~~677,~~939~~163.1703 89.~~97034648~~08574712% 5.~~606185~~678307% 38.460349% Class B-2 7,934,314.00 1.15005756% 3,~~913~~839,~~995~~373.3193 5.~~15795619~~22431166% 3.~~812390~~861435% 26.154304% Class B-3 4,484,814.00 0.65006178% 2,~~212~~170,~~336~~157.1739 2.~~91546927~~95297586% 2.~~242487~~271336% 15.384229% Class B-4 2,760,014.00 0.40005664% 1,~~361~~335,~~481~~524.9492 1.~~79419331~~81727504% 1.~~121276~~135701% 7.692337% Class B-5 1,380,214.00 0.20005832% ~~680~~667,~~818~~838.2930 0.~~89719855~~90874072% 0.~~896995~~908534% 6.~~153691~~153692% Class B-6 100.00 0.00001449% 0.00 0.00000000% 0.~~897199~~908741% 6.~~155090~~155089% Class R-I 50.00 0.00000725% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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 6.~~233167~~242455% Weighted Average Net Coupon 5.~~918337~~926541% Weighted Average Pass-Through Rate 5.~~918337~~926541% Weighted Average Maturity(Stepdown Calculation ) ~~331~~330 Beginning Scheduled Collateral Loan Count ~~229~~214 Number Of Loans Paid In Full 156 Ending Scheduled Collateral Loan Count ~~214~~208 Beginning Scheduled Collateral Balance 8175,~~642~~882,~~949~~678.0540 Ending Scheduled Collateral Balance 7573,~~882~~490,~~678~~522.4045 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 7573,~~946~~553,~~961~~925.5333 Monthly P &I Constant ~~502~~468,~~700~~708.0258 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 52,~~691~~501,~~917~~214.3401 Ending Scheduled Balance for Premium Loans 7573,~~882~~490,~~678~~522.4045 Scheduled Principal 7873,~~621~~963.5839 Unscheduled Principal 52,~~681~~318,~~649~~192.0756

Miscellaneous Reporting Average Loss Severity Group 1 0 Senior Percentage Group 1 85.~~509013~~194545% Senior Prepayment Percentage Grp 1 92.~~754506~~597273% Subordinate Percentage Group 1 14.~~490987~~805455% Subordinate Prepayment Pct Group 1 7.~~245494~~402727% Average Loss Severity Group 2 0 Senior Percentage Group 2 8482.~~536298~~525307% Senior Prepayment Percentage Grp 2 9291.~~268149~~262653% Subordinate Percentage Group 2 1517.~~463702~~474693% Subordinate Prepayment Pct Group 2 78.~~731851~~737347% Average Loss Severity Group 3 0 Senior Percentage Group 3 9190.~~251483~~763848% Senior Prepayment Percentage Grp 3 95.~~625742~~381924% Subordinate Percentage Group 3 89.~~748517~~236152% Subordinate Prepayment Pct Group 3 4.~~374258~~618076% Average Loss Severity Group 4 0 Senior Percentage Group 4 7371.~~018246~~018318% Senior Prepayment Percentage Grp 4 8685.~~509123~~509159% Subordinate Percentage Group 4 2628.~~981754~~981682% Subordinate Prepayment Pct Group 4 1314.~~490877~~490841% Average Loss Severity Group 5 0 Senior Percentage Group 5 84.~~868859~~458490% Senior Prepayment Percentage Grp 5 92.~~434430~~229245% Subordinate Percentage Group 5 15.~~131141~~541510% Subordinate Prepayment Pct Group 5 7.~~565570~~770755% Average Loss Severity Group 6 0 Senior Percentage Group 6 89.~~827208~~446509% Senior Prepayment Percentage Grp 6 94.~~913604~~723255% Subordinate Percentage Group 6 10.~~172792~~553491% Subordinate Prepayment Pct Group 6 5.~~086396~~276745% Average Loss Severity Group 7 0 Senior Percentage Group 7 8483.~~151039~~893107% Senior Prepayment Percentage Grp 7 9291.~~075519~~946554% Subordinate Percentage Group 7 1516.~~848961~~106893% Subordinate Prepayment Pct Group 7 78.~~924481~~053446%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~916297~~923519 6.~~027486~~120611 6.~~248669~~213059 Weighted Average Net Rate 5.~~546943~~554411 5.~~770562~~861888 5.~~927166~~889859 Weighted Average Maturity ~~332~~331 ~~330~~329 ~~332~~331 Beginning Loan Count 2827 1612 3633 Loans Paid In Full 12 40 31 Ending Loan Count 2725 12 3332 Beginning Scheduled Balance 13,~~758~~169,~~668~~716.3663 65,~~610~~239,~~638~~865.8008 76,~~519~~761,~~099~~613.8974 Ending scheduled Balance 1312,~~169~~040,~~716~~973.6345 5,~~239~~233,~~865~~308.0866 6,~~761~~539,~~613~~506.7499 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 8581,~~196~~764.1574 4132,~~132~~933.5754 4238,~~866~~295.2863 Scheduled Principal 1716,~~362~~755.5152 76,~~927~~207.9656 3,~~712~~287.6404 Unscheduled Principal ~~571,589.22~~ 1,~~362~~111,~~845~~987.7666 ~~753~~348.86 218,~~773~~819.5171 Scheduled Interest 6765,~~833~~009.6422 3326,~~204~~725.6198 3935,~~153~~008.6459 Servicing Fees 4,~~234~~050.8587 1,~~415~~129.3673 21,~~014~~821.5113 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 6360,~~598~~958.7935 3125,~~789~~596.25 3733,~~139~~187.1346 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.~~546943~~554411 5.~~770563~~861888 5.~~927168~~889859

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 67.~~938780~~097181 6.~~107637~~096561 6.~~421862~~444771 Weighted Average Net Rate 6.~~688782~~847183 5.~~843299~~831437 6.~~056969~~080622 Weighted Average Maturity ~~319~~318 ~~331~~330 ~~333~~332 Beginning Loan Count 65 6461 5149 Loans Paid In Full 1 31 21 Ending Loan Count 54 6160 4948 Beginning Scheduled Balance 2,~~594~~255,~~224~~491.7701 2423,~~651~~352,~~649~~834.2087 1413,~~620~~601,~~715~~361.8119 Ending scheduled Balance 21,~~255~~748,~~491~~937.0121 2322,~~352~~995,~~834~~542.8714 13,~~601~~444,~~361~~843.1913 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 1917,~~373~~321.7006 ~~157~~149,~~587~~527.6220 7974,~~583~~396.4313 Scheduled Principal 43,~~373~~981.0737 3230,~~118~~883.1889 1,~~339~~348.9208 Unscheduled Principal ~~334~~502,~~360~~572.6943 1326,~~266,696~~408.1584 1155,~~018,014~~169.7098 Scheduled Interest 1513,~~000~~339.6369 ~~125~~118,~~469~~643.4431 7873,~~243~~048.5105 Servicing Fees ~~540~~469.4689 5,~~430~~159.3049 4,~~445~~127.8344 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1412,~~460~~869.1780 ~~120~~113,~~039~~483.1482 7368,~~797~~920.6861 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 6.~~688780~~847181 5.~~843300~~831437 6.~~056969~~080622

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~578725~~569793 6.~~233167~~242455 Weighted Average Net Rate 6.~~241737~~234003 5.~~918337~~926541 Weighted Average Maturity ~~332~~331.00 ~~331~~330.00 Record Date 0708/31/2004 0708/31/2004 Principal And Interest Constant 7674,~~960~~470.2728 ~~502~~468,~~700~~708.0258 Beginning Loan Count 2827 ~~229~~214 Loans Paid In Full 10 156 Ending Loan Count 27 ~~214~~208 Beginning Scheduled Balance 11,~~887~~501,~~952~~795.2288 8175,~~642~~882,~~949~~678.0540 Ending Scheduled Balance 11,~~501~~487,~~795~~410.8887 7573,~~882~~490,~~678~~522.4045 Scheduled Principal 11,~~787~~499.3093 7873,~~621~~963.5839 Unscheduled Principal ~~374~~2,~~369~~885.0408 52,~~681~~318,~~649~~192.0756 Scheduled Interest 6562,~~172~~970.9735 ~~424~~394,~~078~~745.4419 Servicing Fee 3,~~338~~218.4149 2119,~~419~~977.7204 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 6159,~~834~~751.5686 ~~402~~374,~~658~~768.7215 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 6.~~241736~~234004 5.~~918337~~926541

Filing Compare · BEAR STEARNS ARM TRUST 2002-7