8-K 1 bsa03ac6_nov.txt NOVEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 26, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-14 54-2132827 Pooling and Servicing Agreement) (Commission 54-2132828 (State or other File Number) 54-2132829 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2003-AC6 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC6 Trust, relating to the November 26, 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 ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC6 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC6 Trust, relating to the November 26, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 BSA Series: 2003-AC6 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 A-1 07384YNH5 SEN 5.25000% 4541,~~663~~921,~~725~~088.7741 ~~199~~183,~~778~~404.8076 1,~~757~~955,~~807~~426.4741 A-2 07384YNU6 SEN 5.00000% ~~188~~173,~~931~~446,~~065~~116.6057 ~~787~~722,~~212~~692.7715 78,~~272~~090,~~828~~465.3346 A-3 07384YNV4 SEN 5.00000% 3,~~805~~493,~~310~~424.4803 1514,~~855~~555.4693 ~~146~~162,~~483~~952.9620 A-4 07384YNW2 SEN 2.~~21500~~53250% 1716,~~521~~085,~~488~~412.1827 3233,~~341~~946.7592 ~~674~~750,~~482~~310.9167 A-5 07384YNX0 SEN 5.~~78500~~46750% 0.00 8473,~~468~~289.1716 0.00 M-1 07384YNJ1 MEZ 5.38500% 2119,~~200~~463,~~906~~262.8166 9587,~~139~~341.0739 ~~816~~907,~~120~~871.7189 M-2 07384YNK8 MEZ 3.~~26500~~58250% 1816,~~171~~682,~~879~~497.6713 5453,~~386~~124.9249 ~~699~~778,~~519~~161.4894 BA 07384YNL6 SUB 4.~~26500~~58250% 32,~~572~~951,~~248~~620.0624 1312,~~966~~022.0093 ~~291~~324,~~490~~261.7619 BB 07384YNN2 SUB 5.~~11500~~43250% 4,000,000.00 1819,~~755~~315.0056 0.00 C 07384YNP7 OC 0.00000% 2,785,668.00 ~~246~~219,~~620~~518.7505 0.00 P 07384YNQ5 SEN 0.00000% 100.00 ~~16,707~~0.6400 0.00 R-1 07384YNR3 RES 0.00000% 0.00 0.00 0.00 R-2 07384YNS1 RES 0.00000% 0.00 0.00 0.00 R-3 07384YNT9 RES 0.00000% 0.00 0.00 0.00 Totals ~~305~~280,~~652~~829,~~392~~189.5731 1,~~565~~419,~~232~~211.3334 1112,~~658~~969,~~733~~449.6276

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 4339,~~905~~965,~~918~~661.3099 12,~~957~~138,~~586~~831.2717 0.00 A-2 0.00 ~~181~~165,~~658~~355,~~237~~651.2711 8,~~060~~813,~~041~~157.1061 0.00 A-3 0.00 3,~~658~~330,~~826~~471.5383 ~~162~~177,~~339~~508.4213 0.00 A-4 0.00 1615,~~847~~335,~~005~~101.2760 ~~706~~784,~~824~~257.6659 0.00 A-5 0.00 0.00 8473,~~468~~289.1716 0.00 M-1 0.00 2018,~~384~~555,~~786~~390.1077 ~~911~~995,~~259~~213.7828 0.00 M-2 0.00 1715,~~472~~904,~~360~~335.19 ~~753~~831,~~906~~286.4043 0.00 BA 0.00 32,~~280~~627,~~757~~359.3005 ~~305~~336,~~456~~284.7612 0.00 BB 0.00 4,000,000.00 1819,~~755~~315.0056 0.00 C 0.00 2,785,668.00 ~~246~~219,~~620~~518.7505 0.00 P 0.00 100.00 ~~16,707~~0.6400 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 Totals 0.00 ~~293~~267,~~993~~859,~~658~~739.9654 1314,~~223~~388,~~965~~661.9510 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) A-1 60,000,000.00 4541,~~663~~921,~~725~~088.7741 0.00 1,~~757~~955,~~807~~426.4741 0.00 0.00 A-2 248,246,584.00 ~~188~~173,~~931~~446,~~065~~116.6057 0.00 78,~~272~~090,~~828~~465.3346 0.00 0.00 A-3 5,000,000.00 3,~~805~~493,~~310~~424.4803 0.00 ~~146~~162,~~483~~952.9620 0.00 0.00 A-4 23,022,416.00 1716,~~521~~085,~~488~~412.1827 0.00 ~~674~~750,~~482~~310.9167 0.00 0.00 A-5 0.00 0.00 0.00 0.00 0.00 0.00 M-1 27,857,000.00 2119,~~200~~463,~~906~~262.8166 0.00 ~~816~~907,~~120~~871.7189 0.00 0.00 M-2 23,877,000.00 1816,~~171~~682,~~879~~497.6713 0.00 ~~699~~778,~~519~~161.4894 0.00 0.00 BA 5,949,579.80 32,~~572~~951,~~248~~620.0624 0.00 ~~291~~324,~~490~~261.7619 0.00 0.00 BB 4,000,000.00 4,000,000.00 0.00 0.00 0.00 0.00 C 0.00 2,785,668.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 397,952,679.80 ~~305~~280,~~652~~829,~~392~~189.5731 0.00 1112,~~658~~969,~~733~~449.6276 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 A-1 1,~~757~~955,~~807~~426.4741 4339,~~905~~965,~~918~~661.3099 0.~~73176530~~66609437 1,~~757~~955,~~807~~426.4741 A-2 78,~~272~~090,~~828~~465.3346 ~~181~~165,~~658~~355,~~237~~651.2711 0.~~73176531~~66609437 78,~~272~~090,~~828~~465.3346 A-3 ~~146~~162,~~483~~952.9620 3,~~658~~330,~~826~~471.5383 0.~~73176531~~66609437 ~~146~~162,~~483~~952.9620 A-4 ~~674~~750,~~482~~310.9167 1615,~~847~~335,~~005~~101.2760 0.~~73176531~~66609437 ~~674~~750,~~482~~310.9167 A-5 0.00 0.00 0.00000000 0.00 M-1 ~~816~~907,~~120~~871.7189 2018,~~384~~555,~~786~~390.1077 0.~~73176530~~66609437 ~~816~~907,~~120~~871.7189 M-2 ~~699~~778,~~519~~161.4894 1715,~~472~~904,~~360~~335.19 0.~~73176531~~66609437 ~~699~~778,~~519~~161.4894 BA ~~291~~324,~~490~~261.7619 32,~~280~~627,~~757~~359.3005 0.~~55142672~~44160414 ~~291~~324,~~490~~261.7619 BB 0.00 4,000,000.00 1.00000000 0.00 C 0.00 2,785,668.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 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 Totals 1112,~~658~~969,~~733~~449.6276 ~~293~~267,~~993~~859,~~658~~739.9654 0.~~73876537~~67309445 1112,~~658~~969,~~733~~449.6276

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 60,000,000.00 ~~761~~698.~~06209617~~68480683 0.00000000 2932.~~29679117~~59044017 0.00000000 A-2 248,246,584.00 ~~761~~698.~~06209623~~68480676 0.00000000 2932.~~29679117~~59044024 0.00000000 A-3 5,000,000.00 ~~761~~698.~~06209600~~68480600 0.00000000 2932.~~29679200~~59044000 0.00000000 A-4 23,022,416.00 ~~761~~698.~~06209618~~68480658 0.00000000 2932.~~29679101~~59044012 0.00000000 A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 27,857,000.00 ~~761~~698.~~06209606~~68480669 0.00000000 2932.~~29679111~~59044010 0.00000000 M-2 23,877,000.00 ~~761~~698.~~06209616~~68480672 0.00000000 2932.~~29679105~~59044017 0.00000000 BA 5,949,579.80 ~~600~~496.~~42022800~~10566447 0.00000000 4854.~~99350371~~50152799 0.00000000 BB 4,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 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 A-1 0.00000000 2932.~~29679117~~59044017 ~~731~~666.~~76530500~~09436650 0.~~73176530~~66609437 2932.~~29679117~~59044017 A-2 0.00000000 2932.~~29679117~~59044024 ~~731~~666.~~76530506~~09436652 0.~~73176531~~66609437 2932.~~29679117~~59044024 A-3 0.00000000 2932.~~29679200~~59044000 ~~731~~666.~~76530600~~09436600 0.~~73176531~~66609437 2932.~~29679200~~59044000 A-4 0.00000000 2932.~~29679101~~59044012 ~~731~~666.~~76530517~~09436646 0.~~73176531~~66609437 2932.~~29679101~~59044012 A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 2932.~~29679111~~59044010 ~~731~~666.~~76530495~~09436659 0.~~73176530~~66609437 2932.~~29679111~~59044010 M-2 0.00000000 2932.~~29679105~~59044017 ~~731~~666.~~76530511~~09436655 0.~~73176531~~66609437 2932.~~29679105~~59044017 BA 0.00000000 4854.~~99350371~~50152799 ~~551~~441.~~42672429~~60413648 0.~~55142672~~44160414 4854.~~99350371~~50152799 BB 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 (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 A-1 60,000,000.00 5.25000% 4541,~~663~~921,~~725~~088.7741 ~~199~~183,~~778~~404.8076 0.00 0.00 A-2 248,246,584.00 5.00000% ~~188~~173,~~931~~446,~~065~~116.6057 ~~787~~722,~~212~~692.7715 0.00 0.00 A-3 5,000,000.00 5.00000% 3,~~805~~493,~~310~~424.4803 1514,~~855~~555.4693 0.00 0.00 A-4 23,022,416.00 2.~~21500~~53250% 1716,~~521~~085,~~488~~412.1827 3233,~~341~~946.7592 0.00 0.00 A-5 0.00 5.~~78500~~46750% 1716,~~521~~085,~~488~~412.1827 8473,~~468~~289.1716 0.00 0.00 M-1 27,857,000.00 5.38500% 2119,~~200~~463,~~906~~262.8166 9587,~~139~~341.0739 0.00 0.00 M-2 23,877,000.00 3.~~26500~~58250% 1816,~~171~~682,~~879~~497.6713 5453,~~386~~124.9249 0.00 0.00 BA 5,949,579.80 4.~~26500~~58250% 32,~~572~~951,~~248~~620.0624 1312,~~966~~022.0093 0.00 0.00 BB 4,000,000.00 5.~~11500~~43250% 4,000,000.00 1819,~~755~~315.0056 0.00 0.00 C 0.00 0.00000% 2,785,668.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 397,952,679.80 1,~~301~~199,~~903~~693.9429 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 A-1 0.00 0.00 ~~199~~183,~~778~~404.8076 0.00 4339,~~905~~965,~~918~~661.3099 A-2 0.00 0.00 ~~787~~722,~~212~~692.7715 0.00 ~~181~~165,~~658~~355,~~237~~651.2711 A-3 0.00 0.00 1514,~~855~~555.4693 0.00 3,~~658~~330,~~826~~471.5383 A-4 0.00 0.00 3233,~~341~~946.7592 0.00 1615,~~847~~335,~~005~~101.2760 A-5 0.00 0.00 8473,~~468~~289.1716 0.00 1615,~~847~~335,~~005~~101.2760 M-1 0.00 0.00 9587,~~139~~341.0739 0.00 2018,~~384~~555,~~786~~390.1077 M-2 0.00 0.00 5453,~~386~~124.9249 0.00 1715,~~472~~904,~~360~~335.19 BA 0.00 0.00 1312,~~966~~022.0093 0.00 32,~~280~~627,~~757~~359.3005 BB 0.00 0.00 1819,~~755~~315.0056 0.00 4,000,000.00 C 0.00 0.00 ~~246~~219,~~620~~518.7505 0.00 2,785,668.00 P 0.00 0.00 ~~16,707~~0.6400 0.00 100.00 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 Totals 0.00 0.00 1,~~565~~419,~~232~~211.3334 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 A-1 60,000,000.00 5.25000% ~~761~~698.~~06209617~~68480683 3.~~32964667~~05674600 0.00000000 0.00000000 A-2 248,246,584.00 5.00000% ~~761~~698.~~06209623~~68480676 32.~~17109205~~91118669 0.00000000 0.00000000 A-3 5,000,000.00 5.00000% ~~761~~698.~~06209600~~68480600 32.~~17109200~~91118600 0.00000000 0.00000000 A-4 23,022,416.00 2.~~21500~~53250% ~~761~~698.~~06209618~~68480658 1.~~40479392~~47451597 0.00000000 0.00000000 A-5 0.00 5.~~78500~~46750% ~~761~~698.~~06209618~~68480658 3.~~66895334~~18338266 0.00000000 0.00000000 M-1 27,857,000.00 5.38500% ~~761~~698.~~06209606~~68480669 3.~~41526618~~13534803 0.00000000 0.00000000 M-2 23,877,000.00 3.~~26500~~58250% ~~761~~698.~~06209616~~68480672 2.~~27779537~~22492315 0.00000000 0.00000000 BA 5,949,579.80 4.~~26500~~58250% ~~600~~496.~~42022800~~10566447 2.~~34739267~~02080322 0.00000000 0.00000000 BB 4,000,000.00 5.~~11500~~43250% 1000.00000000 4.~~68875000~~82889000 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 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 A-1 0.00000000 0.00000000 3.~~32964667~~05674600 0.00000000 ~~731~~666.~~76530500~~09436650 A-2 0.00000000 0.00000000 32.~~17109205~~91118669 0.00000000 ~~731~~666.~~76530506~~09436652 A-3 0.00000000 0.00000000 32.~~17109200~~91118600 0.00000000 ~~731~~666.~~76530600~~09436600 A-4 0.00000000 0.00000000 1.~~40479392~~47451597 0.00000000 ~~731~~666.~~76530517~~09436646 A-5 0.00000000 0.00000000 3.~~66895334~~18338266 0.00000000 ~~731~~666.~~76530517~~09436646 M-1 0.00000000 0.00000000 3.~~41526618~~13534803 0.00000000 ~~731~~666.~~76530495~~09436659 M-2 0.00000000 0.00000000 2.~~27779537~~22492315 0.00000000 ~~731~~666.~~76530511~~09436655 BA 0.00000000 0.00000000 2.~~34739267~~02080322 0.00000000 ~~551~~441.~~42672429~~60413648 BB 0.00000000 0.00000000 4.~~68875000~~82889000 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~167076~~0.~~40000000~~00000000 0.00000000 1000.00000000 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 (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 1314,~~285~~433,~~405~~284.0746 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3436,~~145~~012.2733 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1314,~~319~~469,~~550~~296.3479 Withdrawals Reimbursement for Servicer Advances 3122,~~906~~129.8362 Payment of Service Fee 6358,~~677~~506.5606 Payment of Interest and Principal 1314,~~223~~388,~~965~~661.9511 Total Withdrawals (Pool Distribution Amount) 1314,~~319~~469,~~550~~296.3479 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6358,~~677~~506.5606 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6358,~~677~~506.5606

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 1216 1 0 0 1317 12,~~841~~870,~~282~~679.3727 ~~135~~237,~~508~~599.4523 0.00 0.00 13,~~976~~108,~~790~~278.8250 60 Days 43 0 0 0 43 ~~605~~387,~~812~~546.0674 0.00 0.00 0.00 ~~605~~387,~~812~~546.0674 90 Days 20 10 10 0 40 ~~203,476~~0.9600 ~~139,484~~0.8100 ~~153,696~~0.1400 0.00 ~~496,657~~0.9100 120 Days 02 0 1 0 13 0160,949.0006 0.00 ~~172~~174,~~381~~408.2736 0.00 ~~172~~335,~~381~~357.2742 150 Days 1 0 1 0 02 197,818.80 0.00 ~~327~~105,~~317~~658.6516 0.00 ~~0.00 327~~203,~~317~~476.6596 180+ Days 0 1 24 2 0 5 ~~469,575~~0.1100 ~~316~~646,~~554~~574.0408 ~~827~~786,~~651~~495.4794 0.00 1,~~613~~433,~~780~~070.6202 Totals 1922 52 46 0 2830 3,~~120~~516,~~146~~993.5087 ~~918~~884,~~864~~173.9531 1,~~153~~066,~~728~~562.8846 0.00 5,~~192~~467,~~740~~729.3364 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 1.~~009251~~473297% 0.~~084104~~092081% 0.000000% 0.000000% 1.~~093356~~565378% 01.~~625631~~070465% 0.~~046043~~088600% 0.000000% 0.000000% 01.~~671674~~159065% 60 Days 0.~~336417~~276243% 0.000000% 0.000000% 0.000000% 0.~~336417~~276243% 0.~~205843~~144515% 0.000000% 0.000000% 0.000000% 0.~~205843~~144515% 90 Days 0.~~168209~~000000% 0.~~084104~~000000% 0.~~084104~~000000% 0.000000% 0.~~336417~~000000% 0.~~069137~~000000% 0.~~047394~~000000% 0.~~052223~~000000% 0.000000% 0.~~168754~~000000% 120 Days 0.~~000000~~184162% 0.000000% 0.~~084104~~092081% 0.000000% 0.~~084104~~276243% 0.~~000000~~060017% 0.000000% 0.~~058572~~065036% 0.000000% 0.~~058572~~125053% 150 Days 0.~~000000~~092081% 0.~~084104~~000000% 0.~~000000~~092081% 0.000000% 0.~~084104~~184162% 0.~~000000~~036476% 0.~~111216~~000000% 0.~~000000~~039400% 0.000000% 0.~~111216~~075876% 180+ Days 0.~~084104~~000000% 0.~~168209~~092081% 0.~~168209~~368324% 0.000000% 0.~~420521~~460405% 0.~~159552~~000000% 0.~~107559~~241105% 0.~~281219~~293281% 0.000000% 0.~~548330~~534386% Totals 12.~~597981~~025783% 0.~~420521~~184162% 0.~~336417~~552486% 0.000000% 2.~~354920~~762431% 1.~~060163~~311474% 0.~~312212~~329705% 0.~~392014~~397717% 0.000000% 12.~~764388~~038895%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3436,~~145~~012.2733

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~349708~~323864% Weighted Average Net Coupon 6.~~099708~~073864% Weighted Average Pass-Through Rate 6.~~099708~~073864% Weighted Average Maturity(Stepdown Calculation ) ~~337~~335 Beginning Scheduled Collateral Loan Count 1,~~233~~138 Number Of Loans Paid In Full 4452 Ending Scheduled Collateral Loan Count 1,~~189~~086 Beginning Scheduled Collateral Balance ~~305~~280,~~652~~829,~~292~~089.5832 Ending Scheduled Collateral Balance ~~293~~267,~~993~~859,~~558~~639.9655 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~294~~268,~~308~~171,~~220~~163.7471 Monthly P &I Constant 1,~~964~~809,~~247~~117.2105 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~293~~267,~~993~~859,~~558~~639.9655 Scheduled Principal ~~346~~329,~~911~~179.5949 Unscheduled Principal 1112,~~311~~640,~~822~~270.0328 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,785,668.00 Overcollateralized Amount 2,785,668.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~263~~219,~~328~~518.3905

Miscellaneous Reporting Net WAC Rate Carryover Amount Class A-1 0.00 Net WAC Rate Carryover Amount Class A-2 0.00 Net WAC Rate Carryover Amount Class A-3 0.00 Net WAC Rate Carryover Amount Class A-4 0.00 Net WAC Rate Carryover Amount Class A-5 0.00 Net WAC Rate Carryover Amount Class BA 0.00 Net WAC Rate Carryover Amount Class BB 0.00 Net WAC Rate Carryover Amount Class M-1 0.00 Net WAC Rate Carryover Amount Class M-2 0.00 Three month rolling average 0.~~009162~~009132%

Filing Compare · BEAR STEARNS ASSET BACKED CERTS SERIES 2003-AC6