8-K 1 bst02005_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 2002-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-06 90-0072865 Pooling and Servicing Agreement) (Commission 90-0072867 (State or other File Number) 90-0073124 jurisdiction 90-0073141 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 ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-5 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 2002-5 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 2002-5 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: 9/29/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-5 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: 2002-5 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 07384MKZ4 SEN 3.~~84601~~90811% 11,~~934~~569,~~362~~969.3633 3837,~~249~~680.7060 ~~364~~31,~~393~~013.0306 II-A 07384MLA8 SEN 5.36850% 1,~~897~~894,~~047~~237.8053 8,~~486~~474.9135 2,~~810~~561.2784 R-1 07384MLB6 RES 5.65566% 0.00 0.00 0.00 R-2 07384MLC4 RES 5.65566% 0.00 0.00 0.00 R-3 07384MLD2 RES 5.65566% 0.00 0.00 0.00 R-4 07384MLE0 RES 5.65566% 0.00 0.00 0.00 III-A 07384MLF7 SEN 5.~~84194~~05812% 1,~~341~~339,~~909~~859.68 65,~~532~~647.8065 23,~~050~~466.0052 IV-A1 07384MLG5 SEN 5.~~57403~~58179% 1514,~~189~~391,~~653~~969.1476 7066,~~556~~944.3710 ~~797~~978,~~683~~176.3880 IV-A2 07384MLH3 SEN 5.~~36903~~37679% 5,~~978~~664,~~906~~924.0227 2625,~~750~~382.7958 ~~313~~385,~~981~~027.7504 IV-A3 07384MMG4 SEN 5.~~26403~~27179% 3,~~231~~062,~~841~~121.0923 1413,~~177~~452.1038 ~~169~~208,~~719~~122.8772 IV-A4 07384MMH2 SEN 5.~~79403~~80179% 6,~~544~~200,~~478~~795.2148 3129,~~599~~979.1175 ~~343~~421,~~682~~448.7351 IV-A5 07384MMJ8 SEN 5.~~79403~~80179% 8580,~~320~~840.6000 ~~411~~390.9685 45,~~480~~494.6044 IV-X 07384MLJ9 SEN 0.51078% 0.00 1312,~~208~~514.0644 0.00 V-A 07384MLK6 SEN 6.~~11323~~11335% 6,~~561~~546,~~599~~955.3138 33,~~427~~353.1619 1413,~~643~~405.9351 VI-A 07384MLL4 SEN 5.~~95560~~94152% 2623,~~678~~975,~~191~~281.7129 ~~132~~118,~~403~~707.7690 21,~~702~~041,~~910~~452.4292 VII-A 07384MLM2 SEN 6.~~66966~~66945% ~~853~~852,~~514~~877.5286 4,~~743~~740.8719 ~~636~~640.6653 B-1 07384MLN0 SUB 5.~~84408~~83019% 6,~~657~~485,~~647~~027.4231 3231,~~423~~507.1943 ~~172~~128,~~620~~073.1122 B-2 07384MLP5 SUB 5.~~84408~~83019% 43,~~080~~974,~~502~~703.9427 19,~~872~~311.3205 ~~105~~78,~~799~~496.6667 B-3 07384MLQ3 SUB 5.~~84408~~83019% 2,~~147~~091,~~572~~889.0762 10,~~458~~163.8242 5541,~~682~~312.4586 B-4 07384MLR1 SUB 5.~~84408~~83019% 1,~~073~~045,~~834~~991.3789 5,~~229~~081.6594 2720,~~842~~657.4836 B-5 07384MLS9 SUB 5.~~84408~~83019% 1,~~073~~046,~~882~~038.7097 5,~~229~~082.8817 2720,~~843~~658.7329 B-6 07384MLT7 SUB 5.~~84408~~83019% 1,~~060~~032,~~079~~593.7186 5,~~162~~016.6685 2719,~~422~~223.3319 Totals 9691,~~390~~256,~~343~~076.6573 ~~458~~433,~~924~~430.1184 53,~~134~~399,~~203~~231.4048

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 11,~~569~~538,~~969~~956.3327 ~~402~~68,~~642~~693.7366 0.00 II-A 0.00 1,~~894~~891,~~237~~675.5369 11,~~297~~036.1819 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 III-A 0.00 1,~~339~~336,~~859~~393.6817 89,~~582~~114.8017 0.00 IV-A1 0.00 1413,~~391~~413,~~969~~792.7696 ~~868~~1,~~239~~045,120.7590 0.00 IV-A2 0.00 5,~~664~~279,~~924~~897.2723 ~~340~~410,~~732~~409.5462 0.00 IV-A3 0.00 32,~~062~~853,~~121~~998.2350 ~~183~~221,~~896~~575.9710 0.00 IV-A4 0.00 65,~~200~~779,~~795~~346.4897 ~~375~~451,~~281~~428.8426 0.00 IV-A5 0.00 8075,~~840~~345.0056 45,~~892~~885.5629 0.00 IV-X 0.00 0.00 1312,~~208~~514.0644 0.00 V-A 0.00 6,~~546~~533,~~955~~549.3887 4846,~~071~~758.0970 0.00 VI-A 0.00 2322,~~975~~933,~~281~~828.2936 21,~~835~~160,~~314~~160.1882 0.00 VII-A 0.00 852,~~877~~237.8633 5,380.5372 0.00 B-1 0.00 6,~~485~~356,~~027~~954.3110 ~~205~~159,~~043~~580.3065 0.00 B-2 0.00 3,~~974~~896,~~703~~206.2760 ~~125~~97,~~671~~807.9872 0.00 B-3 0.00 2,~~091~~050,~~889~~576.6276 6651,~~141~~476.2728 0.00 B-4 0.00 1,~~045~~025,~~991~~334.8953 3325,~~072~~739.1330 0.00 B-5 0.00 1,~~046~~025,~~038~~380.9768 3325,~~073~~740.6146 0.00 B-6 631,169.5257 1,~~032~~012,~~593~~201.8610 3224,~~584~~240.9904 1315,~~925~~095.5512 Totals 631,169.5257 9187,~~256~~855,~~076~~675.7368 53,~~593~~832,~~127~~662.5132 1315,~~925~~095.5512 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 35,180,200.00 11,~~934~~569,~~362~~969.3633 3029,~~068~~427.6389 ~~334~~1,~~324~~585.4017 0.00 0.00 II-A 74,454,400.00 1,~~897~~894,~~047~~237.8053 2,~~479~~492.9261 ~~330~~69.3523 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 R-4 50.00 0.00 0.00 0.00 0.00 0.00 III-A 19,396,800.00 1,~~341~~339,~~909~~859.68 12,~~993~~221.4886 561,244.5266 0.00 0.00 IV-A1 188,000,000.00 1514,~~189~~391,~~653~~969.1476 15,~~957~~456.5193 ~~781~~962,~~725~~719.87 0.00 0.00 IV-A2 74,000,000.00 5,~~978~~664,~~906~~924.0227 6,~~281~~084.1511 ~~307~~378,~~700~~942.6193 0.00 0.00 IV-A3 40,000,000.00 3,~~231~~062,~~841~~121.0923 3,~~395~~288.2171 ~~166~~204,~~324~~834.6501 0.00 0.00 IV-A4 81,000,000.00 6,~~544~~200,~~478~~795.2148 6,~~875~~659.3164 ~~336~~414,~~807~~788.4288 0.00 0.00 IV-A5 1,056,000.00 8580,~~320~~840.6000 8986.6382 45,~~390~~407.9762 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 V-A 80,038,800.00 6,~~561~~546,~~599~~955.3138 10,~~391~~467.9012 42,~~252~~938.0340 0.00 0.00 VI-A 248,618,300.00 2623,~~678~~975,~~191~~281.7129 2220,~~893~~480.1598 21,~~680~~020,~~017~~971.2794 0.00 0.00 VII-A 13,632,100.00 ~~853~~852,~~514~~877.5286 ~~621~~625.3523 15.31 0.00 0.00 B-1 13,774,900.00 6,~~657~~485,~~647~~027.4231 7,~~751~~681.6434 ~~164~~120,~~868~~391.4788 0.00 0.00 B-2 8,442,700.00 43,~~080~~974,~~502~~703.9427 4,~~751~~707.0293 ~~101~~73,~~048~~788.6574 0.00 0.00 B-3 4,443,400.00 2,~~147~~091,~~572~~889.0762 2,~~500~~477.4679 5338,~~181~~835.9908 0.00 0.00 B-4 2,221,800.00 1,~~073~~045,~~834~~991.3789 1,~~250~~238.2995 2619,~~592~~418.1941 0.00 0.00 B-5 2,221,900.00 1,~~073~~046,~~882~~038.7097 1,~~250~~239.3400 2619,~~593~~419.3929 0.00 0.00 B-6 2,222,022.00 1,~~060~~032,~~079~~593.7186 1,~~234~~223.2708 2618,~~188~~000.0511 0.00 631,169.5257 Totals 888,703,522.00 9691,~~390~~256,~~343~~076.6573 ~~119~~115,~~785~~859.2699 53,~~014~~283,~~418~~371.1453 0.00 631,169.5257 (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 ~~364~~31,~~393~~013.0306 11,~~569~~538,~~969~~956.3327 0.~~32887730~~32799576 ~~364~~31,~~393~~013.0306 II-A 2,~~810~~561.2784 1,~~894~~891,~~237~~675.5369 0.~~02544158~~02540717 2,~~810~~561.2784 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 R-4 0.00 0.00 0.00000000 0.00 III-A 23,~~050~~466.0052 1,~~339~~336,~~859~~393.6817 0.~~06907633~~06889761 23,~~050~~466.0052 IV-A1 ~~797~~978,~~683~~176.3880 1413,~~391~~413,~~969~~792.7696 0.~~07655303~~07134996 ~~797~~978,~~683~~176.3880 IV-A2 ~~313~~385,~~981~~027.7504 5,~~664~~279,~~924~~897.2723 0.~~07655303~~07134996 ~~313~~385,~~981~~027.7504 IV-A3 ~~169~~208,~~719~~122.8772 32,~~062~~853,~~121~~998.2350 0.~~07655303~~07134996 ~~169~~208,~~719~~122.8772 IV-A4 ~~343~~421,~~682~~448.7351 65,~~200~~779,~~795~~346.4897 0.~~07655303~~07134996 ~~343~~421,~~682~~448.7351 IV-A5 45,~~480~~494.6044 8075,~~840~~345.0056 0.~~07655303~~07134996 45,~~480~~494.6044 IV-X 0.00 0.00 0.00000000 0.00 V-A 1413,~~643~~405.9351 6,~~546~~533,~~955~~549.3887 0.~~08179727~~08162978 1413,~~643~~405.9351 VI-A 21,~~702~~041,~~910~~452.4292 2322,~~975~~933,~~281~~828.2936 0.~~09643410~~09224513 21,~~702~~041,~~910~~452.4292 VII-A ~~636~~640.6653 852,~~877~~237.8633 0.~~06256394~~06251695 ~~636~~640.6653 B-1 ~~172~~128,~~620~~073.1122 6,~~485~~356,~~027~~954.3110 0.~~47078580~~46148822 ~~172~~128,~~620~~073.1122 B-2 ~~105~~78,~~799~~496.6667 3,~~974~~896,~~703~~206.2760 0.~~47078580~~46148822 ~~105~~78,~~799~~496.6667 B-3 5541,~~682~~312.4586 2,~~091~~050,~~889~~576.6276 0.~~47078580~~46148822 5541,~~682~~312.4586 B-4 2720,~~842~~657.4836 1,~~045~~025,~~991~~334.8953 0.~~47078580~~46148822 2720,~~842~~657.4836 B-5 2720,~~843~~658.7329 1,~~046~~025,~~038~~380.9768 0.~~47078580~~46148822 2720,~~843~~658.7329 B-6 2720,~~485~~392.8576 1,~~032~~012,~~593~~201.8610 0.~~46470911~~45553154 2719,~~422~~223.3319 Totals 53,~~134~~400,~~266~~401.9205 9187,~~256~~855,~~076~~675.7368 0.~~10268450~~09885825 53,~~134~~399,~~203~~231.4048

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 35,180,200.00 ~~339~~328.~~23520503~~87730399 0.~~85470321~~83649013 90.~~50319782~~04505858 0.00000000 II-A 74,454,400.00 25.~~47932426~~44157941 0.~~03330790~~03347834 0.~~00443694~~00092983 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 69.~~18201353~~07632599 0.~~10277365~~11454776 0.~~00291388~~06416832 0.00000000 IV-A1 188,000,000.00 8076.~~79602734~~55303064 0.~~08488037~~08221771 45.~~15811633~~12085037 0.00000000 IV-A2 74,000,000.00 8076.~~79602730~~55303068 0.~~08488041~~08221770 45.~~15811635~~12085041 0.00000000 IV-A3 40,000,000.00 8076.~~79602725~~55303075 0.~~08488025~~08221775 45.~~15811625~~12085025 0.00000000 IV-A4 81,000,000.00 8076.~~79602728~~55303062 0.~~08488037~~08221778 45.~~15811630~~12085037 0.00000000 IV-A5 1,056,000.00 8076.~~79602273~~55303030 0.~~08487689~~08221591 45.~~15811553~~12085227 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A 80,038,800.00 81.~~98023096~~79727057 0.~~12983578~~13077557 0.~~05312461~~03671219 0.00000000 VI-A 248,618,300.00 ~~107~~96.~~30582467~~43409713 0.~~09208152~~08237921 104.~~77964603~~10658403 0.00000000 VII-A 13,632,100.00 62.~~61064106~~56393806 0.~~04557992~~04586454 0.00112308 0.00000000 B-1 13,774,900.00 ~~483~~470.~~31729595~~78579953 0.~~56273657~~55763309 118.~~96875985~~73994584 0.00000000 B-2 8,442,700.00 ~~483~~470.~~31729660~~78579957 0.~~56273704~~55763322 118.~~96875999~~73994575 0.00000000 B-3 4,443,400.00 ~~483~~470.~~31729531~~78579916 0.~~56273574~~55763379 118.~~96876041~~73994689 0.00000000 B-4 2,221,800.00 ~~483~~470.~~31729679~~78579980 0.~~56273742~~55763345 118.~~96875956~~73994509 0.00000000 B-5 2,221,900.00 ~~483~~470.~~31729601~~78580044 0.~~56273460~~55763086 118.~~96876097~~73994779 0.00000000 B-6 2,222,022.00 ~~477~~464.~~07885430~~70910729 0.~~55547155~~55043559 118.~~78568439~~10077938 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 100.~~35790104~~88154871 ~~328~~327.~~87730399~~99575528 0.~~32887730~~32799576 100.~~35790104~~88154871 II-A 0.00000000 0.~~03774485~~03440817 25.~~44157941~~40717124 0.~~02544158~~02540717 0.~~03774485~~03440817 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 0.~~10568754~~17871608 6968.~~07632599~~89761043 0.~~06907633~~06889761 0.~~10568754~~17871608 IV-A1 0.00000000 45.~~24299670~~20306809 7671.~~55303064~~34996255 0.~~07655303~~07134996 45.~~24299670~~20306809 IV-A2 0.00000000 45.~~24299662~~20306811 7671.~~55303068~~34996257 0.~~07655303~~07134996 45.~~24299662~~20306811 IV-A3 0.00000000 45.~~24299675~~20306800 7671.~~55303075~~34996250 0.~~07655303~~07134996 45.~~24299675~~20306800 IV-A4 0.00000000 45.~~24299667~~20306802 7671.~~55303062~~34996259 0.~~07655303~~07134996 45.~~24299667~~20306802 IV-A5 0.00000000 45.~~24299242~~20306818 7671.~~55303030~~34996212 0.~~07655303~~07134996 45.~~24299242~~20306818 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A 0.00000000 0.~~18296039~~16748764 81.~~79727057~~62978293 0.~~08179727~~08162978 0.~~18296039~~16748764 VI-A 0.00000000 104.~~87172754~~18896324 9692.~~43409713~~24513385 0.~~09643410~~09224513 104.~~87172754~~18896324 VII-A 0.00000000 0.~~04670300~~04698689 62.~~56393806~~51695117 0.~~06256394~~06251695 0.~~04670300~~04698689 B-1 0.00000000 129.~~53149642~~29757893 ~~470~~461.~~78579953~~48822133 0.~~47078580~~46148822 129.~~53149642~~29757893 B-2 0.00000000 129.~~53149585~~29757897 ~~470~~461.~~78579957~~48822059 0.~~47078580~~46148822 129.~~53149585~~29757897 B-3 0.00000000 129.~~53149615~~29757843 ~~470~~461.~~78579916~~48822073 0.~~47078580~~46148822 129.~~53149615~~29757843 B-4 0.00000000 129.~~53149698~~29757854 ~~470~~461.~~78579980~~48822126 0.~~47078580~~46148822 129.~~53149698~~29757854 B-5 0.00000000 129.~~53149557~~29757865 ~~470~~461.~~78580044~~48822179 0.~~47078580~~46148822 129.~~53149557~~29757865 B-6 0.~~02858658~~52635392 129.~~36974701~~17756890 ~~464~~455.~~70910729~~53153839 0.~~46470911~~45553154 128.~~34116044~~65121497 (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 35,180,200.00 3.~~84601~~90811% 11,~~934~~569,~~362~~969.3633 3837,~~249~~680.7060 0.00 0.00 II-A 74,454,400.00 5.36850% 1,~~897~~894,~~047~~237.8053 8,~~486~~474.9135 0.00 0.00 R-1 50.00 5.65566% 0.00 0.00 0.00 0.00 R-2 50.00 5.65566% 0.00 0.00 0.00 0.00 R-3 50.00 5.65566% 0.00 0.00 0.00 0.00 R-4 50.00 5.65566% 0.00 0.00 0.00 0.00 III-A 19,396,800.00 5.~~84194~~05812% 1,~~341~~339,~~909~~859.68 65,~~532~~647.8065 0.00 0.00 IV-A1 188,000,000.00 5.~~57403~~58179% 1514,~~189~~391,~~653~~969.1476 7066,~~556~~944.3709 0.00 0.00 IV-A2 74,000,000.00 5.~~36903~~37679% 5,~~978~~664,~~906~~924.0227 2625,~~750~~382.7958 0.00 0.00 IV-A3 40,000,000.00 5.~~26403~~27179% 3,~~231~~062,~~841~~121.0923 1413,~~177~~452.1038 0.00 0.00 IV-A4 81,000,000.00 5.~~79403~~80179% 6,~~544~~200,~~478~~795.2148 3129,~~599~~979.1175 0.00 0.00 IV-A5 1,056,000.00 5.~~79403~~80179% 8580,~~320~~840.6000 ~~411~~390.9685 0.00 0.00 IV-X 0.00 0.51078% 3129,~~030~~400,~~199~~650.0774 1312,~~208~~514.0644 0.00 0.00 V-A 80,038,800.00 6.~~11323~~11335% 6,~~561~~546,~~599~~955.3138 33,~~427~~353.1619 0.00 0.00 VI-A 248,618,300.00 5.~~95560~~94152% 2623,~~678~~975,~~191~~281.7129 ~~132~~118,~~403~~707.7690 0.00 0.00 VII-A 13,632,100.00 6.~~66966~~66945% ~~853~~852,~~514~~877.5286 4,~~743~~740.8719 0.00 0.00 B-1 13,774,900.00 5.~~84408~~83019% 6,~~657~~485,~~647~~027.4231 3231,~~423~~507.1943 0.00 0.00 B-2 8,442,700.00 5.~~84408~~83019% 43,~~080~~974,~~502~~703.9427 19,~~872~~311.3205 0.00 0.00 B-3 4,443,400.00 5.~~84408~~83019% 2,~~147~~091,~~572~~889.0762 10,~~458~~163.8242 0.00 0.00 B-4 2,221,800.00 5.~~84408~~83019% 1,~~073~~045,~~834~~991.3789 5,~~229~~081.6594 0.00 0.00 B-5 2,221,900.00 5.~~84408~~83019% 1,~~073~~046,~~882~~038.7097 5,~~229~~082.8817 0.00 0.00 B-6 2,222,022.00 5.~~84408~~83019% 1,~~060~~032,~~079~~593.7186 5,~~162~~016.6685 0.00 0.00 Totals 888,703,522.00 ~~458~~433,~~924~~430.1183 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 3837,~~249~~680.7060 0.00 11,~~569~~538,~~969~~956.3327 II-A 0.00 0.00 8,~~486~~474.9135 0.00 1,~~894~~891,~~237~~675.5369 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 0.00 III-A 0.00 0.00 65,~~532~~647.8065 0.00 1,~~339~~336,~~859~~393.6817 IV-A1 0.00 0.00 7066,~~556~~944.3710 0.00 1413,~~391~~413,~~969~~792.7696 IV-A2 0.00 0.00 2625,~~750~~382.7958 0.00 5,~~664~~279,~~924~~897.2723 IV-A3 0.00 0.00 1413,~~177~~452.1038 0.00 32,~~062~~853,~~121~~998.2350 IV-A4 0.00 0.00 3129,~~599~~979.1175 0.00 65,~~200~~779,~~795~~346.4897 IV-A5 0.00 0.00 ~~411~~390.9685 0.00 8075,~~840~~345.0056 IV-X 0.00 0.00 1312,~~208~~514.0644 0.00 2927,~~400~~402,~~650~~381.7422 V-A 0.00 0.00 33,~~427~~353.1619 0.00 6,~~546~~533,~~955~~549.3887 VI-A 0.0100 0.00 ~~132~~118,~~403~~707.7690 0.00 2322,~~975~~933,~~281~~828.2936 VII-A 0.00 0.00 4,~~743~~740.8719 0.00 852,~~877~~237.8633 B-1 0.00 0.00 3231,~~423~~507.1943 0.00 6,~~485~~356,~~027~~954.3110 B-2 0.00 0.00 19,~~872~~311.3205 0.00 3,~~974~~896,~~703~~206.2760 B-3 0.00 0.00 10,~~458~~163.8242 0.00 2,~~091~~050,~~889~~576.6276 B-4 0.00 0.00 5,~~229~~081.6594 0.00 1,~~045~~025,~~991~~334.8953 B-5 0.00 0.00 5,~~229~~082.8817 0.00 1,~~046~~025,~~038~~380.9768 B-6 0.00 0.00 5,~~162~~016.6685 0.00 1,~~032~~012,~~593~~201.8610 Totals 0.0100 0.00 ~~458~~433,~~924~~430.1184 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 35,180,200.00 3.~~84601~~90811% ~~339~~328.~~23520503~~87730399 1.~~08725078~~07107407 0.00000000 0.00000000 II-A 74,454,400.00 5.36850% 25.~~47932426~~44157941 0.~~11398802~~11381933 0.00000000 0.00000000 R-1 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 R-4 50.00 5.65566% 0.00000000 0.00000000 0.00000000 0.00000000 III-A 19,396,800.00 5.~~84194~~05812% 69.~~18201353~~07632599 0.~~33679782~~29116401 0.00000000 0.00000000 IV-A1 188,000,000.00 5.~~57403~~58179% 8076.~~79602734~~55303064 0.~~37529984~~35608559 0.00000000 0.00000000 IV-A2 74,000,000.00 5.~~36903~~37679% 8076.~~79602730~~55303068 0.~~36149716~~34300784 0.00000000 0.00000000 IV-A3 40,000,000.00 5.~~26403~~27179% 8076.~~79602725~~55303075 0.~~35442750~~33630950 0.00000000 0.00000000 IV-A4 81,000,000.00 5.~~79403~~80179% 8076.~~79602728~~55303062 0.~~39011247~~37012037 0.00000000 0.00000000 IV-A5 1,056,000.00 5.~~79403~~80179% 8076.~~79602273~~55303030 0.~~39011364~~37012311 0.00000000 0.00000000 IV-X 0.00 0.51078% 8076.~~79602732~~55303065 0.~~03439097~~03258494 0.00000000 0.00000000 V-A 80,038,800.00 6.~~11323~~11335% 81.~~98023096~~79727057 0.~~41763695~~41671277 0.00000000 0.00000000 VI-A 248,618,300.00 5.~~95560~~94152% ~~107~~96.~~30582467~~43409713 0.~~53255838~~47747048 0.00000000 0.00000000 VII-A 13,632,100.00 6.~~66966~~66945% 62.~~61064106~~56393806 0.~~34799261~~34772265 0.00000000 0.00000000 B-1 13,774,900.00 5.~~84408~~83019% ~~483~~470.~~31729595~~78579953 2.~~35378769~~28730735 0.00000000 0.00000000 B-2 8,442,700.00 5.~~84408~~83019% ~~483~~470.~~31729660~~78579957 2.~~35378730~~28730738 0.00000000 0.00000000 B-3 4,443,400.00 5.~~84408~~83019% ~~483~~470.~~31729531~~78579916 2.~~35378764~~28730702 0.00000000 0.00000000 B-4 2,221,800.00 5.~~84408~~83019% ~~483~~470.~~31729679~~78579980 2.~~35378972~~28730759 0.00000000 0.00000000 B-5 2,221,900.00 5.~~84408~~83019% ~~483~~470.~~31729601~~78580044 2.~~35378730~~28730816 0.00000000 0.00000000 B-6 2,222,022.00 5.~~84408~~83019% ~~477~~464.~~07885430~~70910729 2.~~32340634~~25778593 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 1.~~08725078~~07107407 0.00000000 ~~328~~327.~~87730399~~99575528 II-A 0.00000000 0.00000000 0.~~11398802~~11381933 0.00000000 25.~~44157941~~40717124 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 0.00000000 0.~~33679782~~29116401 0.00000000 6968.~~07632599~~89761043 IV-A1 0.00000000 0.00000000 0.~~37529984~~35608564 0.00000000 7671.~~55303064~~34996255 IV-A2 0.00000000 0.00000000 0.~~36149716~~34300784 0.00000000 7671.~~55303068~~34996257 IV-A3 0.00000000 0.00000000 0.~~35442750~~33630950 0.00000000 7671.~~55303075~~34996250 IV-A4 0.00000000 0.00000000 0.~~39011247~~37012037 0.00000000 7671.~~55303062~~34996259 IV-A5 0.00000000 0.00000000 0.~~39011364~~37012311 0.00000000 7671.~~55303030~~34996212 IV-X 0.00000000 0.00000000 0.~~03439097~~03258494 0.00000000 7671.~~55303065~~34996256 V-A 0.00000000 0.00000000 0.~~41763695~~41671277 0.00000000 81.~~79727057~~62978293 VI-A 0.~~00000004~~00000000 0.00000000 0.~~53255838~~47747048 0.00000000 9692.~~43409713~~24513385 VII-A 0.00000000 0.00000000 0.~~34799261~~34772265 0.00000000 62.~~56393806~~51695117 B-1 0.00000000 0.00000000 2.~~35378769~~28730735 0.00000000 ~~470~~461.~~78579953~~48822133 B-2 0.00000000 0.00000000 2.~~35378730~~28730738 0.00000000 ~~470~~461.~~78579957~~48822059 B-3 0.00000000 0.00000000 2.~~35378764~~28730702 0.00000000 ~~470~~461.~~78579916~~48822073 B-4 0.00000000 0.00000000 2.~~35378972~~28730759 0.00000000 ~~470~~461.~~78579980~~48822126 B-5 0.00000000 0.00000000 2.~~35378730~~28730816 0.00000000 ~~470~~461.~~78580044~~48822179 B-6 0.00000000 0.00000000 2.~~32340634~~25778593 0.00000000 ~~464~~455.~~70910729~~53153839 (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 53,~~623~~864,~~976~~531.6933 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 139,~~314~~092.4421 Realized Loss (Gains, Subsequent Expenses & Recoveries) (631,169.5257) Prepayment Penalties 0.00 Total Deposits 53,~~637~~872,~~227~~453.6197 Withdrawals Reimbursement for Servicer Advances 1613,~~130~~314.1344 Payment of Service Fee 2726,~~969~~476.9796 Payment of Interest and Principal 53,~~593~~832,~~127~~662.5157 Total Withdrawals (Pool Distribution Amount) 53,~~637~~872,~~227~~453.6197 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2726,~~969~~476.9796 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2726,~~969~~476.9796

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 62 0 0 0 62 1263,~~605,991~~492.3022 0.00 0.00 0.00 1263,~~605,991~~492.3022 60 Days 02 0 0 0 02 0628,456.0008 0.00 0.00 0.00 0628,456.0008 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 1 1 0 0 2 ~~396,174~~0.4200 252,974.91 0396,174.0042 0.00 649,149.33 Totals 74 1 01 0 86 2891,~~002,165~~948.7230 252,974.91 0396,174.0042 0.00 21,~~255~~541,~~140~~097.63 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 20.~~531646~~881057% 0.000000% 0.000000% 0.000000% 20.~~531646~~881057% 10.~~757973~~299560% 0.000000% 0.000000% 0.000000% 10.~~757973~~299560% 60 Days 0.~~000000~~881057% 0.000000% 0.000000% 0.000000% 0.~~000000~~881057% 0.~~000000~~714481% 0.000000% 0.000000% 0.000000% 0.~~000000~~714481% 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.~~421941~~000000% 0.~~421941~~440529% 0.~~000000~~440529% 0.000000% 0.~~843882~~881057% 0.~~433666~~000000% 0.~~276915~~287603% 0.~~000000~~450404% 0.000000% 0.~~710581~~738007% Totals 21.~~953586~~762115% 0.~~421941~~440529% 0.~~000000~~440529% 0.000000% 32.~~375527~~643172% 21.~~191639~~014041% 0.~~276915~~287603% 0.~~000000~~450404% 0.000000% 21.~~468554~~752048%

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 10 0 0 0 10 ~~397,793~~0.5600 0.00 0.00 0.00 ~~397,793~~0.5600 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~397,793~~0.5600 0.00 0.00 0.00 ~~397,793~~0.5600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~941176~~000000% 0.000000% 0.000000% 0.000000% 20.~~941176~~000000% 30.~~150597~~000000% 0.000000% 0.000000% 0.000000% 30.~~150597~~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.~~941176~~000000% 0.000000% 0.000000% 0.000000% 20.~~941176~~000000% 30.~~150597~~000000% 0.000000% 0.000000% 0.000000% 30.~~150597~~000000% 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 1 0 0 1 0.00 252,974.91 0.00 0.00 252,974.91 Totals 0 1 0 0 1 0.00 252,974.91 0.00 0.00 252,974.91 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% 12.500000% 0.000000% 0.000000% 12.500000% 0.000000% 8.~~293785~~304032% 0.000000% 0.000000% 8.~~293785~~304032% Totals 0.000000% 12.500000% 0.000000% 0.000000% 12.500000% 0.000000% 8.~~293785~~304032% 0.000000% 0.000000% 8.~~293785~~304032% 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 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 1 0 0 1 0 1 ~~396,174.42~~ 0.00 0.00 396,174.42 0.00 396,174.42 Totals 1 0 0 1 0 1 ~~396,174.42~~ 0.00 0.00 396,174.42 0.00 396,174.42 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 200.000000% 0.000000% 020.000000% 0.000000% 20.000000% 230.~~984490~~000000% 0.000000% 024.~~000000~~032241% 0.000000% 2324.~~984490~~032241% Totals 200.000000% 0.000000% 020.000000% 0.000000% 20.000000% 230.~~984490~~000000% 0.000000% 024.~~000000~~032241% 0.000000% 2324.~~984490~~032241% 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 31 0 0 0 31 ~~766~~137,~~038~~582.3022 0.00 0.00 0.00 ~~766~~137,~~038~~582.3022 60 Days 02 0 0 0 02 0628,456.0008 0.00 0.00 0.00 0628,456.0008 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 3 0 0 0 3 766,038.30 0.00 0.00 0.00 766,038.30 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 31.~~092784~~098901% 0.000000% 0.000000% 0.000000% 31.~~092784~~098901% 20.~~123699~~406209% 0.000000% 0.000000% 0.000000% 20.~~123699~~406209% 60 Days 02.~~000000~~197802% 0.000000% 0.000000% 0.000000% 02.~~000000~~197802% 01.~~000000~~855506% 0.000000% 0.000000% 0.000000% 01.~~000000~~855506% 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 3.~~092784~~296703% 0.000000% 0.000000% 0.000000% 3.~~092784~~296703% 2.~~123699~~261715% 0.000000% 0.000000% 0.000000% 2.~~123699~~261715% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 ~~442~~125,~~159~~910.4400 0.00 0.00 0.00 ~~442~~125,~~159~~910.4400 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 ~~442~~125,~~159~~910.4400 0.00 0.00 0.00 ~~442~~125,~~159~~910.4400 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~564103~~351351% 0.000000% 0.000000% 0.000000% 21.~~564103~~351351% 10.~~541568~~457092% 0.000000% 0.000000% 0.000000% 10.~~541568~~457092% 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 21.~~564103~~351351% 0.000000% 0.000000% 0.000000% 21.~~564103~~351351% 10.~~541568~~457092% 0.000000% 0.000000% 0.000000% 10.~~541568~~457092% 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 139,~~314~~092.4421

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 853,523,322.00 96.04140194% 7976,~~686~~316,~~107~~719.4041 8786.~~32142587~~86600930% 1213.~~678574~~133991% 0.000000% Class 2A 779,068,922.00 87.66353484% 7774,~~791~~425,~~869~~043.8772 8584.~~24568735~~71284655% 2.~~075739~~153163% 12.~~083490~~310264% Class R-I 779,068,872.00 87.66352922% 7774,~~791~~425,~~869~~043.8772 8584.~~24568735~~71284655% 0.000000% 0.000000% Class R-II 779,068,822.00 87.66352359% 7774,~~791~~425,~~869~~043.8772 8584.~~24568735~~71284655% 0.000000% 0.000000% Class R-III 779,068,772.00 87.66351796% 7774,~~791~~425,~~869~~043.8772 8584.~~24568735~~71284655% 0.000000% 0.000000% Class R-IV 779,068,722.00 87.66351234% 7774,~~791~~425,~~869~~043.8772 8584.~~24568735~~71284655% 0.000000% 0.000000% Class 3A 759,671,922.00 85.48091718% 7673,~~452~~088,~~010~~650.1955 83.~~77744576~~19172323% 1.~~468242~~521123% 8.~~547070~~696709% Class V-A 295,577,122.00 33.25936204% 4039,~~504~~152,~~404~~719.0746 44.~~38543220~~56481514% 7.~~174268~~436685% 4142.~~763544~~517714% Class B-1 19,551,822.00 2.20003877% 9,~~191~~009,~~217~~699.6167 10.~~07189651~~25511397% 7.~~106406~~235678% 41.368500% Class B-2 11,109,122.00 1.25003690% 5,~~216~~113,~~514~~493.3407 5.~~71634737~~82033321% 4.~~355549~~434781% 25.354945% Class B-3 6,665,722.00 0.75005014% 3,~~124~~062,~~624~~916.7231 3.~~42401825~~48630443% 2.~~292329~~334029% 13.344329% Class B-4 4,443,922.00 0.50004550% 2,~~078~~037,~~632~~581.8378 2.~~27780210~~31923750% 1.~~146216~~167067% 6.672465% Class B-5 2,222,022.00 0.25002962% 1,~~032~~012,~~593~~201.8610 1.~~13153436~~15211805% 1.~~146268~~167119% 6.672765% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.~~131534~~152118% 6.~~586997~~586998% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~061529~~047700% Weighted Average Net Coupon 5.~~713320~~699533% Weighted Average Pass-Through Rate 5.~~713321~~699533% Weighted Average Maturity(Stepdown Calculation ) ~~326~~325 Beginning Scheduled Collateral Loan Count ~~250~~237 Number Of Loans Paid In Full 1310 Ending Scheduled Collateral Loan Count ~~237~~227 Beginning Scheduled Collateral Balance 9691,~~390~~256,~~343~~076.6774 Ending Scheduled Collateral Balance 9187,~~256~~855,~~076~~675.7468 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 9187,~~354~~959,~~722~~772.0657 Monthly P &I Constant ~~606~~575,~~679~~767.3375 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 631,169.5257 Cumulative Realized Loss 1315,~~925~~095.5512 Class A Optimal Amount 53,~~097~~448,~~540~~077.2485 Ending Scheduled Balance for Premium Loans 9187,~~256~~855,~~076~~675.7468 Scheduled Principal ~~119~~115,~~785~~859.2797 Unscheduled Principal 53,~~014~~284,~~481~~541.6609

Miscellaneous Reporting Average Loss Severity 01,169.0057 Senior Percentage 1 91.~~932170~~820641% Senior Percentage 2 62.~~227460~~224933% Senior Percentage 3 81.~~442345~~441994% Senior Percentage 4 8281.~~010200~~572267% Senior Percentage 5 79.~~908667~~902871% Senior Percentage 6 8483.~~440861~~652040% Senior Percentage 7 79.~~761809~~761647% Senior Prep Percentage 1 95.~~966085~~910321% Senior Prep Percentage 2 81.~~113730~~112467% Senior Prep Percentage 3 90.~~721173~~720997% Senior Prep Percentage 4 9190.~~005100~~786134% Senior Prep Percentage 5 89.~~954333~~951436% Senior Prep Percentage 6 9291.~~220431~~826020% Senior Prep Percentage 7 89.~~880904~~880824% Subordinate Percentage 1 8.~~067830~~179359% Subordinate Percentage 2 37.~~772540~~775067% Subordinate Percentage 3 18.~~557655~~558006% Subordinate Percentage 4 1718.~~989800~~427733% Subordinate Percentage 5 20.~~091333~~097129% Subordinate Percentage 6 1516.~~559139~~347960% Subordinate Percentage 7 20.~~238191~~238353% Subordinate Prep Percentage 1 4.~~033915~~089679% Subordinate Prep Percentage 2 18.~~886270~~887533% Subordinate Prep Percentage 3 9.~~278827~~279003% Subordinate Prep Percentage 4 89.~~994900~~213866% Subordinate Prep Percentage 5 10.~~045667~~048564% Subordinate Prep Percentage 6 78.~~779569~~17398% Subordinate Prep Percentage 7 10.~~119096~~119176%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~221007~~283110 5.~~618496~~618503 65.~~216943~~433124 Weighted Average Net Rate 3.~~846006~~908111 5.~~368496~~368504 5.~~841943~~058121 Weighted Average Maturity ~~288~~287 ~~330~~329 ~~314~~313 Beginning Loan Count 3534 8 5 Loans Paid In Full 10 0 0 Ending Loan Count 34 8 5 Beginning Scheduled Balance 12,~~981~~600,~~704~~619.2518 3,~~048~~044,~~570~~177.2169 1,~~647~~645,~~680~~170.5553 Ending scheduled Balance 12,~~600~~566,~~619~~917.1810 3,~~044~~040,~~177~~086.6954 1,~~645~~641,~~170~~070.5342 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 7877,~~370~~024.6319 18,258.90 10,~~984~~176.0083 Scheduled Principal 32,~~707~~049.4132 34,~~985~~005.2580 2,~~447~~728.7215 Unscheduled Principal ~~348~~1,~~377~~652.6676 ~~407~~85.2735 621,371.3096 Scheduled Interest 4544,~~663~~974.2287 14,~~273~~253.6510 87,~~536~~448.2868 Servicing Fees 43,~~056~~937.7969 ~~635~~634.1220 514.9012 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 41,~~606~~037.4318 13,~~638~~618.5390 86,~~021~~934.3856 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 3.~~846007~~908110 5.~~368496~~368503 5.~~841943~~058124

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~376854~~385406 6.~~488234~~488350 6.~~330595~~316515 Weighted Average Net Rate 6.~~060034~~067787 6.~~113233~~113350 5.~~955596~~941514 Weighted Average Maturity ~~328~~327 ~~322~~321 ~~331~~330 Beginning Loan Count ~~102~~97 12 8578 Loans Paid In Full 56 0 74 Ending Loan Count 9791 12 7874 Beginning Scheduled Balance 3736,~~836~~042,~~999~~458.6268 8,~~211~~193,~~373~~642.7818 3128,~~593~~660,~~936~~725.0632 Ending scheduled Balance 3633,~~042~~837,~~458~~456.6858 8,~~193~~177,~~642~~275.1873 2827,~~660~~524,~~725~~387.3205 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~240~~230,~~817~~497.2161 57,402.48 ~~193~~175,~~785~~346.1578 Scheduled Principal 3938,~~749~~709.7049 13,~~004~~099.7280 2724,~~111~~483.4654 Unscheduled Principal 12,~~754~~166,~~791~~292.2461 43,~~726~~266.8865 21,~~906~~111,~~099~~854.2873 Scheduled Interest ~~201~~191,~~067~~788.5112 44,~~397~~302.7668 ~~166~~150,~~673~~863.6924 Servicing Fees 9,~~989~~539.6081 2,~~566~~560.0651 98,~~873~~956.1048 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 ~~191~~182,~~077~~248.9131 41,~~831~~742.7017 ~~156~~141,~~800~~906.5976 Realized Loss Amount 0.00 0.00 631,169.5257 Cumulative Realized Loss 0.00 0.00 1315,~~925~~095.5512 Percentage of Cumulative Losses 0.0000 0.0000 0.~~0054~~0058 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~060034~~067787 6.~~113234~~113350 5.~~955595~~941515

Group Level Collateral Statement Group Group 7 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~044656~~044446 6.~~061529~~047700 Weighted Average Net Rate 6.~~669656~~669448 5.~~713320~~699533 Weighted Average Maturity ~~326~~325.00 ~~326~~325.00 Record Date 0708/31/2004 0708/31/2004 Principal And Interest Constant 7,060.96 ~~606~~575,~~679~~767.3375 Beginning Loan Count 3 ~~250~~237 Loans Paid In Full 0 1310 Ending Loan Count 3 ~~237~~227 Beginning Scheduled Balance 1,~~070~~069,~~079~~283.2016 9691,~~390~~256,~~343~~076.6774 Ending Scheduled Balance 1,~~069~~068,~~283~~482.1626 9187,~~256~~855,~~076~~675.7468 Scheduled Principal ~~779~~783.0187 ~~119~~115,~~785~~859.2797 Unscheduled Principal 17.03 53,~~014~~284,~~481~~541.6609 Scheduled Interest 6,~~281~~277.9509 ~~486~~459,~~894~~907.0678 Servicing Fee 334.4015 2726,~~969~~476.9796 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 5,~~947~~942.5594 ~~458~~433,~~924~~430.0982 Realized Loss Amount 0.00 631,169.5257 Cumulative Realized Loss 0.00 1315,~~925~~095.5512 Percentage of Cumulative Losses 0.0000 0.~~0016~~0017 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~669656~~669446 5.~~713321~~699533

Filing Compare · BEAR STEARNS ARM TRUST MORTGAGE PASS THRU CERT SERS 2002-5