8-K 1 bsl03003_dec.txt DEC. 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): December 27, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-23 Pooling and Servicing Agreement) (Commission 54-2126368 (State or other File Number) 54-2126369 jurisdiction 54-2126370 of Incorporation) 54-6553667 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the December 27, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/3/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the December 27, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 811/3130/~~2004~~04 Distribution Date: 912/27/~~2004~~04 ~~BSL~~Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Series: 2003-3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07386HCE9 SEN 4.~~57085~~54637% ~~105~~90,~~802~~502,~~863~~285.9445 ~~402~~342,~~786~~880.2891 65,~~438~~207,~~227~~649.1784 I-X 07386HCF6 IO 0.26600% 0.00 76,~~490~~933.4842 0.00 II-A 07386HCT6 SEN 4.~~62642~~59426% ~~214~~192,~~547~~030,~~642~~776.1003 ~~826~~735,~~702~~200.3818 63,~~853~~647,~~010~~409.0847 II-X 07386HCG4 IO 0.18700% 0.00 3329,~~415~~924.3580 0.00 III-A 07386HCH2 SEN 12.~~96500~~53063% 7865,~~330~~670,~~140~~135.1763 ~~141~~143,~~014~~105.8531 2,~~600~~718,~~293~~624.7536 IV-A 07386HCJ8 SEN 4.~~21900~~22753% 1615,~~626~~573,~~311~~006.8052 5854,~~423~~862.3674 ~~682~~571,~~123~~787.7448 V-A 07386HCK5 SEN 4.~~61832~~61905% 3736,~~893~~416,~~346~~896.75 ~~145~~140,~~756~~176.5320 ~~631~~445,~~648~~029.0991 VI-A 07386HCL3 SEN 4.~~90679~~90639% 17,~~536~~071,~~462~~259.6185 7169,~~667~~798.2061 ~~208~~2,~~493~~548.9989 S SWAP 2.~~67723~~39040% 0.00 ~~192~~135,~~126~~175.7657 0.00 R-I 07386HCQ2 R 4.~~33810~~32947% 0.00 0.00 0.00 R-II 07386HCR0 R 4.~~33810~~32947% 0.00 0.00 0.00 R-III 07386HCS8 R 4.~~33810~~32947% 0.00 0.00 0.00 B-1 07386HCM1 SUB 4.~~77898~~75569% 13,~~229~~211,~~833~~501.3078 52,~~658~~358.7620 5,~~106~~013.2291 B-2 07386HCN9 SUB 4.~~77898~~75569% 10,~~444~~430,~~699~~227.5618 41,~~573~~335.0879 43,~~031~~958.2639 B-3 07386HCP4 SUB 4.~~77898~~75569% 6,~~266~~257,~~600~~917.7057 24,~~942~~800.9861 2,~~418~~374.6795 B-4 07386HCU3 SUB 4.~~77898~~75569% 6,~~963~~953,~~232~~584.6021 27,~~715~~557.7859 2,~~687~~638.5596 B-5 07386HCV1 SUB 4.~~77898~~75569% 2,~~088~~085,~~800~~906.5324 8,~~314~~266.0661 ~~806~~791.2062 B-6 07386HCW9 SUB 4.~~77898~~75569% 2,~~089~~086,~~314~~334.5629 8,~~316~~268.1130 ~~806~~791.4079 Totals ~~511~~458,~~819~~289,~~248~~831.6250 21,~~042~~820,~~903~~644.9684 1712,~~429~~608,~~653~~619.1257

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 9985,~~364~~294,~~636~~635.7761 65,~~841~~550,~~013~~530.4575 0.00 I-X 0.00 0.00 76,~~490~~933.4842 0.00 II-A 0.00 ~~207~~188,~~694~~383,~~632~~366.0256 74,~~679~~382,~~712~~609.4665 0.00 II-X 0.00 0.00 3329,~~415~~924.3580 0.00 III-A 0.00 7562,~~729~~951,~~846~~511.4327 2,~~741~~861,~~308~~729.6067 0.00 IV-A 0.00 15,~~944~~001,~~188~~219.0604 ~~740~~626,~~547~~650.1022 0.00 V-A 0.00 3735,~~261~~971,~~698~~866.6684 ~~777~~585,~~404~~206.6211 0.00 VI-A 0.00 17,~~327~~068,~~968~~710.6296 ~~280~~72,~~161~~347.1950 0.00 S 0.00 0.00 ~~192~~135,~~126~~175.7657 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 B-1 0.00 13,~~224~~206,~~727~~487.0887 57,~~764~~372.9811 0.00 B-2 0.00 10,~~440~~426,~~668~~268.3079 45,~~604~~294.3418 0.00 B-3 0.00 6,~~264~~255,~~182~~542.0362 27,~~361~~175.6556 0.00 B-4 0.00 6,~~960~~950,~~545~~945.0524 30,~~403~~196.3355 0.00 B-5 0.00 2,~~087~~085,~~994~~114.3362 9,~~120~~058.2623 0.00 B-6 0.00 2,~~088~~085,~~508~~542.1651 9,~~122~~060.5109 085.0027 Totals 0.00 ~~494~~445,~~389~~681,~~595~~211.5193 1914,~~472~~429,~~557~~264.0841 085.0027 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 171,568,600.00 ~~105~~90,~~802~~502,~~863~~285.9445 5041,~~185~~932.0803 65,~~388~~165,~~042~~717.0981 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 261,860,600.00 ~~214~~192,~~547~~030,~~642~~776.1003 8173,~~132~~215.2618 63,~~771~~574,~~877~~194.8229 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 138,846,800.00 7865,~~330~~670,~~140~~135.1763 3124,~~234~~495.8294 2,~~569~~694,~~058~~128.9342 0.00 0.00 IV-A 25,932,300.00 1615,~~626~~573,~~311~~006.8052 10,~~532~~321.5737 ~~671~~561,~~591~~466.1711 0.00 0.00 V-A 41,583,300.00 3736,~~893~~416,~~346~~896.75 1,~~765~~412.0237 ~~629~~443,~~883~~617.0754 0.00 0.00 VI-A 18,319,500.00 17,~~536~~071,~~462~~259.6185 0.00 ~~208~~2,~~493~~548.9989 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 B-1 13,288,100.00 13,~~229~~211,~~833~~501.3078 5,~~106~~013.2291 0.00 0.00 0.00 B-2 10,490,700.00 10,~~444~~430,~~699~~227.5618 43,~~031~~958.2639 0.00 0.00 0.00 B-3 6,294,200.00 6,~~266~~257,~~600~~917.7057 2,~~418~~374.6795 0.00 0.00 0.00 B-4 6,993,900.00 6,~~963~~953,~~232~~584.6021 2,~~687~~638.5596 0.00 0.00 0.00 B-5 2,098,000.00 2,~~088~~085,~~800~~906.5324 ~~806~~791.2062 0.00 0.00 0.00 B-6 2,098,516.29 2,~~089~~086,~~314~~334.5629 ~~806~~791.4079 0.00 0.00 0.00 Totals 699,374,666.29 ~~511~~458,~~819~~289,~~248~~831.6250 ~~190~~166,~~706~~946.0551 1712,~~238~~441,~~947~~673.0706 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 65,~~438~~207,~~227~~649.1784 9985,~~364~~294,~~636~~635.7761 0.~~57915398~~49714596 65,~~438~~207,~~227~~649.1784 I-X 0.00 0.00 0.00000000 0.00 II-A 63,~~853~~647,~~010~~409.0847 ~~207~~188,~~694~~383,~~632~~366.0256 0.~~79314961~~71940325 63,~~853~~647,~~010~~409.0847 II-X 0.00 0.00 0.00000000 0.00 III-A 2,~~600~~718,~~293~~624.7536 7562,~~729~~951,~~846~~511.4327 0.~~54542018~~45338828 2,~~600~~718,~~293~~624.7536 IV-A ~~682~~571,~~123~~787.7448 15,~~944~~001,~~188~~219.0604 0.~~61483895~~57847623 ~~682~~571,~~123~~787.7448 V-A ~~631~~445,~~648~~029.0991 3735,~~261~~971,~~698~~866.6684 0.~~89607363~~86505561 ~~631~~445,~~648~~029.0991 VI-A ~~208~~2,~~493~~548.9989 17,~~327~~068,~~968~~710.6296 0.~~94587563~~93172363 ~~208~~2,~~493~~548.9989 S 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 B-1 5,~~106~~013.2291 13,~~224~~206,~~727~~487.0887 0.~~99523085~~99385825 5,~~106~~013.2291 B-2 43,~~031~~958.2639 10,~~440~~426,~~668~~268.3079 0.~~99523085~~99385825 43,~~031~~958.2639 B-3 2,~~418~~374.6795 6,~~264~~255,~~182~~542.0362 0.~~99523085~~99385825 2,~~418~~374.6795 B-4 2,~~687~~638.5596 6,~~960~~950,~~545~~945.0524 0.~~99523085~~99385825 2,~~687~~638.5596 B-5 ~~806~~791.2062 2,~~087~~085,~~994~~114.3362 0.~~99523085~~99385826 ~~806~~791.2062 B-6 ~~806~~791.4079 2,~~088~~085,~~508~~542.1651 0.~~99523085~~99381764 ~~806~~791.4079 Totals 1712,~~429~~608,~~653~~619.1257 ~~494~~445,~~389~~681,~~595~~211.5193 0.~~70690235~~63725673 1712,~~429~~608,~~653~~619.1257

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 171,568,600.00 ~~616~~527.~~67964849~~49911959 0.~~29250737~~24440387 3730.~~23316557~~10876005 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 261,860,600.00 ~~819~~733.~~32005846~~33207069 0.~~30982996~~27959601 2513.~~86062134~~64922516 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 138,846,800.00 ~~564~~472.~~14796862~~96830485 0.~~22495888~~17642423 1819.~~50283139~~40360469 0.00000000 IV-A 25,932,300.00 ~~641~~600.~~14296842~~52546515 0.~~40615641~~39801213 2521.~~89786367~~65122685 0.00000000 V-A 41,583,300.00 ~~911~~875.~~26357817~~75773808 0.~~04244540~~03396484 1510.~~14750080~~66816583 0.00000000 VI-A 18,319,500.00 ~~957~~931.~~25661781~~86276099 0.00000000 110.~~38098693~~13913535 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,288,100.00 ~~995~~994.~~61512180~~23557770 0.~~38427014~~37732332 0.00000000 0.00000000 B-2 10,490,700.00 ~~995~~994.~~61512197~~23557818 0.~~38426988~~37732372 0.00000000 0.00000000 B-3 6,294,200.00 ~~995~~994.~~61512186~~23557720 0.~~38426965~~37732357 0.00000000 0.00000000 B-4 6,993,900.00 ~~995~~994.~~61512175~~23557815 0.~~38427058~~37732310 0.00000000 0.00000000 B-5 2,098,000.00 ~~995~~994.~~61512393~~23557674 0.~~38427073~~37732126 0.00000000 0.00000000 B-6 2,098,516.29 ~~995~~994.~~61512577~~19494618 0.~~38427150~~37730944 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 3730.~~52567294~~35316392 ~~579~~497.~~15397555~~14595567 0.~~57915398~~49714596 3730.~~52567294~~35316392 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 2613.~~17045130~~92882117 ~~793~~719.~~14960716~~40324952 0.~~79314961~~71940325 2613.~~17045130~~92882117 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 1819.~~72779027~~58002892 ~~545~~453.~~42017843~~38827593 0.~~54542018~~45338828 1819.~~72779027~~58002892 IV-A 0.00000000 2622.~~30402008~~04923898 ~~614~~578.~~83894834~~47622617 0.~~61483895~~57847623 2622.~~30402008~~04923898 V-A 0.00000000 1510.~~18994620~~70213066 ~~896~~865.~~07363196~~05560742 0.~~89607363~~86505561 1510.~~18994620~~70213066 VI-A 0.00000000 110.~~38098693~~13913535 ~~945~~931.~~87563089~~72362564 0.~~94587563~~93172363 110.~~38098693~~13913535 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~38427014~~37732332 ~~995~~993.~~23085166~~85825438 0.~~99523085~~99385825 0.~~38427014~~37732332 B-2 0.00000000 0.~~38426988~~37732372 ~~995~~993.~~23085209~~85825445 0.~~99523085~~99385825 0.~~38426988~~37732372 B-3 0.00000000 0.~~38426965~~37732357 ~~995~~993.~~23085221~~85825363 0.~~99523085~~99385825 0.~~38426965~~37732357 B-4 0.00000000 0.~~38427058~~37732310 ~~995~~993.~~23085117~~85825362 0.~~99523085~~99385825 0.~~38427058~~37732310 B-5 0.00000000 0.~~38427073~~37732126 ~~995~~993.~~23085319~~85825548 0.~~99523085~~99385826 0.~~38427073~~37732126 B-6 0.00000000 0.~~38427150~~37730944 ~~995~~993.~~23085427~~81764151 0.~~99523085~~99381764 0.~~38427150~~37730944 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 171,568,600.00 4.~~57085~~54637% ~~105~~90,~~802~~502,~~863~~285.9445 ~~403~~342,~~007~~880.1290 0.00 0.00 I-X 0.00 0.26600% 3331,~~810~~278,~~146~~608.8073 76,~~494~~933.5842 0.00 0.00 II-A 261,860,600.00 4.~~62642~~59426% ~~214~~192,~~547~~030,~~642~~776.1003 ~~827~~735,~~155~~200.6617 0.00 0.00 II-X 0.00 0.18700% ~~214~~192,~~547~~030,~~642~~776.1003 3329,~~433~~924.6780 0.00 0.00 III-A 138,846,800.00 12.~~96500~~53063% 7865,~~330~~670,~~140~~135.1763 ~~141~~143,~~092~~105.1631 0.00 0.00 IV-A 25,932,300.00 4.~~21900~~22753% 1615,~~626~~573,~~311~~006.8052 5854,~~455~~862.4074 0.00 0.00 V-A 41,583,300.00 4.~~61832~~61905% 3736,~~893~~416,~~346~~896.75 ~~145~~140,~~836~~176.4520 0.00 0.00 VI-A 18,319,500.00 4.~~90679~~90639% 17,~~536~~071,~~462~~259.6185 7169,~~706~~798.5061 0.00 0.00 S 0.00 2.~~67723~~39040% 7865,~~330~~670,~~140~~135.1763 ~~192~~135,~~232~~175.1057 0.00 0.00 R-I 50.00 4.~~33810~~32947% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~33810~~32947% 0.00 0.00 0.00 0.00 R-III 50.00 4.~~33810~~32947% 0.00 0.00 0.00 0.00 B-1 13,288,100.00 4.~~77898~~75569% 13,~~229~~211,~~833~~501.3078 52,~~687~~358.6420 0.00 0.00 B-2 10,490,700.00 4.~~77898~~75569% 10,~~444~~430,~~699~~227.5618 41,~~595~~335.8879 0.00 0.00 B-3 6,294,200.00 4.~~77898~~75569% 6,~~266~~257,~~600~~917.7057 24,~~956~~800.6561 0.00 0.00 B-4 6,993,900.00 4.~~77898~~75569% 6,~~963~~953,~~232~~584.6021 27,~~730~~557.9859 0.00 0.00 B-5 2,098,000.00 4.~~77898~~75569% 2,~~088~~085,~~800~~906.5324 8,~~318~~266.6261 0.00 0.00 B-6 2,098,516.29 4.~~77898~~75569% 2,~~089~~086,~~314~~334.5629 8,~~320~~268.6730 0.00 0.00 Totals 699,374,666.29 21,~~044~~820,~~024~~644.0882 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 ~~220~~0.8400 0.00 ~~402~~342,~~786~~880.2891 0.00 9985,~~364~~294,~~636~~635.7761 I-X 40.1100 0.00 76,~~490~~933.4842 0.00 3230,~~930~~575,~~616~~725.9626 II-A ~~453~~(0.2701) 0.00 ~~826~~735,~~702~~200.3818 0.00 ~~207~~188,~~694~~383,~~632~~366.0256 II-X 180.3200 0.00 3329,~~415~~924.3580 0.00 ~~207~~188,~~694~~383,~~632~~366.0256 III-A 770.3200 0.00 ~~141~~143,~~014~~105.8531 0.00 7562,~~729~~951,~~846~~511.4327 IV-A 320.0300 0.00 5854,~~423~~862.3674 0.00 15,~~944~~001,~~188~~219.0604 V-A 790.9200 0.00 ~~145~~140,~~756~~176.5320 0.00 3735,~~261~~971,~~698~~866.6684 VI-A 390.2900 0.00 7169,~~667~~798.2061 0.00 17,~~327~~068,~~968~~710.6296 S ~~105~~0.3400 0.00 ~~192~~135,~~126~~175.7657 0.00 7562,~~729~~951,~~846~~511.4327 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 B-1 280.8700 0.00 52,~~658~~358.7620 0.00 13,~~224~~206,~~727~~487.0887 B-2 220.7900 0.00 41,~~573~~335.0879 0.00 10,~~440~~426,~~668~~268.3079 B-3 130.6800 0.00 24,~~942~~800.9861 0.00 6,~~264~~255,~~182~~542.0362 B-4 150.2000 0.00 27,~~715~~557.7859 0.00 6,~~960~~950,~~545~~945.0524 B-5 40.5600 0.00 8,~~314~~266.0661 0.00 2,~~087~~085,~~994~~114.3362 B-6 40.5600 0.00 8,~~316~~268.1130 0.00 2,~~088~~085,~~508~~542.1651 Totals ~~1,120~~(0.1001) 0.00 21,~~042~~820,~~903~~644.9684 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 171,568,600.00 4.~~57085~~54637% ~~616~~527.~~67964849~~49911959 21.~~34895616~~99850614 0.00000000 0.00000000 I-X 0.00 0.26600% ~~732~~677.~~46735588~~62379050 0.~~16236354~~15020650 0.00000000 0.00000000 II-A 261,860,600.00 4.~~62642~~59426% ~~819~~733.~~32005846~~33207069 32.~~15876333~~80760133 0.00000000 0.00000000 II-X 0.00 0.18700% ~~819~~733.~~32005846~~33207069 0.~~12767736~~11427760 0.00000000 0.00000000 III-A 138,846,800.00 12.~~96500~~53063% ~~564~~472.~~14796862~~96830485 1.~~01617149~~03067057 0.00000000 0.00000000 IV-A 25,932,300.00 4.~~21900~~22753% ~~641~~600.~~14296842~~52546515 2.~~25415409~~11561412 0.00000000 0.00000000 V-A 41,583,300.00 4.~~61832~~61905% ~~911~~875.~~26357817~~75773808 3.~~50709179~~37097344 0.00000000 0.00000000 VI-A 18,319,500.00 4.~~90679~~90639% ~~957~~931.~~25661781~~86276099 3.~~91421709~~81007178 0.00000000 0.00000000 S 0.00 2.~~67723~~39040% ~~564~~472.~~14796862~~96830485 10.~~38449068~~97355913 0.00000000 0.00000000 R-I 50.00 4.~~33810~~32947% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~33810~~32947% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.~~33810~~32947% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,288,100.00 4.~~77898~~75569% ~~995~~994.~~61512180~~23557770 3.~~96502435~~94023224 0.00000000 0.00000000 B-2 10,490,700.00 4.~~77898~~75569% ~~995~~994.~~61512197~~23557818 3.~~96502426~~94023182 0.00000000 0.00000000 B-3 6,294,200.00 4.~~77898~~75569% ~~995~~994.~~61512186~~23557720 3.~~96502335~~94023228 0.00000000 0.00000000 B-4 6,993,900.00 4.~~77898~~75569% ~~995~~994.~~61512175~~23557815 3.~~96502381~~94023220 0.00000000 0.00000000 B-5 2,098,000.00 4.~~77898~~75569% ~~995~~994.~~61512393~~23557674 3.~~96502383~~94023356 0.00000000 0.00000000 B-6 2,098,516.29 4.~~77898~~75569% ~~995~~994.~~61512577~~19494618 3.~~96502521~~94006949 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.~~00128718~~00000000 0.00000000 21.~~34766898~~99850620 0.00000000 ~~579~~497.~~15397555~~14595567 I-X 0.~~00008904~~00000000 0.00000000 0.~~16227472~~15020650 0.00000000 ~~713~~662.~~41310864~~39643287 II-A (0.~~00173096~~00000004) 0.00000000 32.~~15703233~~80760137 0.00000000 ~~793~~719.~~14960716~~40324952 II-X 0.~~00006996~~00000000 0.00000000 0.~~12760740~~11427760 0.00000000 ~~793~~719.~~14960716~~40324952 III-A 0.~~00055687~~00000000 0.00000000 1.~~01561469~~03067057 0.00000000 ~~545~~453.~~42017843~~38827593 IV-A 0.~~00123514~~00000000 0.00000000 2.~~25291856~~11561412 0.00000000 ~~614~~578.~~83894834~~47622617 V-A 0.~~00192193~~00000000 0.00000000 3.~~50516986~~37097344 0.00000000 ~~896~~865.~~07363196~~05560742 VI-A 0.~~00214471~~00000000 0.00000000 3.~~91207184~~81007178 0.00000000 ~~945~~931.~~87563089~~72362564 S 0.~~00075868~~00000000 0.00000000 10.~~38373200~~97355913 0.00000000 ~~545~~453.~~42017843~~38827593 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~00217262~~00000000 0.00000000 3.~~96285097~~94023224 0.00000000 ~~995~~993.~~23085166~~85825438 B-2 0.~~00217240~~00000000 0.00000000 3.~~96285091~~94023182 0.00000000 ~~995~~993.~~23085209~~85825445 B-3 0.~~00217343~~00000000 0.00000000 3.~~96285151~~94023228 0.00000000 ~~995~~993.~~23085221~~85825363 B-4 0.~~00217332~~00000000 0.00000000 3.~~96285048~~94023220 0.00000000 ~~995~~993.~~23085117~~85825362 B-5 0.~~00217350~~00000000 0.00000000 3.~~96285033~~94023356 0.00000000 ~~995~~993.~~23085319~~85825548 B-6 0.~~00217296~~00000000 0.00000000 3.~~96285225~~94006949 0.00000000 ~~995~~993.~~23085427~~81764151 (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 1914,~~647~~580,~~032~~055.1376 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1826,~~913~~942.6376 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1914,~~665~~606,~~945~~998.7652 Withdrawals Reimbursement for Servicer Advances 1821,~~609~~629.3807 Payment of Service Fee ~~174~~156,~~779~~105.2903 Payment of Interest and Principal 1914,~~472~~429,~~557~~264.0942 Total Withdrawals (Pool Distribution Amount) 1914,~~665~~606,~~945~~998.7652 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~1,120~~(0.1001)

SERVICING FEES Gross Servicing Fee ~~116~~101,~~043~~514.0280 Additional Servicing Fee 5854,~~736~~590.2723 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~174~~156,~~779~~105.2903

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 1,~~178~~921,~~315~~087.2223 0.00 0.00 0.00 1,~~178~~921,~~315~~087.2223 60 Days 24 10 0 0 34 ~~698~~1,~~037~~224,485.7071 ~~129,000~~0.00 0.00 0.00 ~~827~~1,~~037~~224,485.7071 90 Days 0 0 10 0 10 0.00 0.00 ~~473,999~~0.9800 0.00 ~~473,999~~0.9800 120 Days 0 10 20 0 30 0.00 ~~194,320~~0.00 ~~594,566~~0.7000 0.00 ~~788,886~~0.7000 150 Days 0 12 0 0 12 0.00 ~~336~~675,~~800~~400.00 0.00 0.00 ~~336~~675,~~800~~400.00 180+ Days 0 01 42 05 48 0.00 0336,800.00 ~~348~~949,~~612~~846.4299 0526,690.0002 ~~348~~1,~~612~~813,337.4201 Totals 79 3 72 05 1719 13,~~876~~145,~~352~~572.9294 ~~660~~1,~~120~~012,200.00 1949,~~417,179~~846.1099 0526,690.0002 35,~~953~~634,~~652~~309.0295 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~297974~~324886% 0.000000% 0.000000% 0.000000% 0.~~297974~~324886% 0.~~238269~~430916% 0.000000% 0.000000% 0.000000% 0.~~238269~~430916% 60 Days 0.~~119190~~259909% 0.~~059595~~000000% 0.000000% 0.000000% 0.~~178784~~259909% 0.~~141152~~274662% 0.~~026085~~000000% 0.000000% 0.000000% 0.~~167237~~274662% 90 Days 0.000000% 0.000000% 0.~~059595~~000000% 0.000000% 0.~~059595~~000000% 0.000000% 0.000000% 0.~~095848~~000000% 0.000000% 0.~~095848~~000000% 120 Days 0.000000% 0.~~059595~~000000% 0.~~119190~~000000% 0.000000% 0.~~178784~~000000% 0.000000% 0.~~039294~~000000% 0.~~120229~~000000% 0.000000% 0.~~159522~~000000% 150 Days 0.000000% 0.~~059595~~129955% 0.000000% 0.000000% 0.~~059595~~129955% 0.000000% 0.~~068105~~151498% 0.000000% 0.000000% 0.~~068105~~151498% 180+ Days 0.000000% 0.~~000000~~064977% 0.~~238379~~129955% 0.~~000000~~324886% 0.~~238379~~519818% 0.000000% 0.~~000000~~075547% 0.~~070494~~213058% 0.~~000000~~118141% 0.~~070494~~406746% Totals 0.~~417163~~584795% 0.~~178784~~194932% 0.~~417163~~129955% 0.~~000000~~324886% 1.~~013111~~234568% 0.~~379421~~705578% 0.~~133484~~227045% 0.~~286571~~213058% 0.~~000000~~118141% 01.~~799476~~263822%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1A No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 02 0 0 0 02 0701,985.0071 0.00 0.00 0.00 0701,985.0071 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 20 0 20 0.00 0.00 ~~594,566~~0.7000 0.00 ~~594,566~~0.7000 150 Days 0 10 0 0 10 0.00 ~~336,800~~0.00 0.00 0.00 ~~336,800~~0.00 180 Days 0 01 01 01 03 0.00 0336,800.00 0475,847.0001 0118,719.0069 0931,366.0070 Totals 02 1 21 01 35 0701,985.0071 336,800.00 ~~594~~475,~~566~~847.7001 0118,719.0069 ~~931~~1,~~366~~633,352.7041 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 01.~~000000~~162791% 0.000000% 0.000000% 0.000000% 01.~~000000~~162791% 01.~~000000~~072857% 0.000000% 0.000000% 0.000000% 01.~~000000~~072857% 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.~~990099~~000000% 0.000000% 0.~~990099~~000000% 0.000000% 0.000000% 0.~~770563~~000000% 0.000000% 0.~~770563~~000000% 150 Days 0.000000% 0.~~495050~~000000% 0.000000% 0.000000% 0.~~495050~~000000% 0.000000% 0.~~436496~~000000% 0.000000% 0.000000% 0.~~436496~~000000% 180 Days 0.000000% 0.~~000000~~581395% 0.~~000000~~581395% 0.~~000000~~581395% 01.~~000000~~744186% 0.000000% 0.~~000000~~514737% 0.~~000000~~727245% 0.~~000000~~181441% 01.~~000000~~423424% Totals 01.~~000000~~162791% 0.~~495050~~581395% 0.~~990099~~581395% 0.~~000000~~581395% 12.~~485149~~906977% 01.~~000000~~072857% 0.~~436496~~514737% 0.~~770563~~727245% 0.~~000000~~181441% 12.~~207059~~496281% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1B No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~355,788~~0.4500 0.00 0.00 0.00 ~~355,788~~0.4500 60 Days 02 0 0 0 02 0522,500.00 0.00 0.00 0.00 0522,500.00 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 12 0 0 0 12 ~~355~~522,~~788~~500.4500 0.00 0.00 0.00 ~~355~~522,~~788~~500.4500 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~925926~~000000% 0.000000% 0.000000% 0.000000% 0.~~925926~~000000% 10.~~080085~~000000% 0.000000% 0.000000% 0.000000% 10.~~080085~~000000% 60 Days 01.~~000000~~980198% 0.000000% 0.000000% 0.000000% 01.~~000000~~980198% 01.~~000000~~708340% 0.000000% 0.000000% 0.000000% 01.~~000000~~708340% 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 01.~~925926~~980198% 0.000000% 0.000000% 0.000000% 01.~~925926~~980198% 1.~~080085~~708340% 0.000000% 0.000000% 0.000000% 1.~~080085~~708340% 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 23 0 0 0 23 ~~354~~1,~~250~~304,287.0023 0.00 0.00 0.00 ~~354~~1,~~250~~304,287.0023 60 Days 20 10 0 0 30 ~~698,037~~0.7000 ~~129,000~~0.00 0.00 0.00 ~~827,037~~0.7000 90 Days 0 0 10 0 10 0.00 0.00 ~~473,999~~0.9800 0.00 ~~473,999~~0.9800 120 Days 0 10 0 0 10 0.00 ~~194,320~~0.00 0.00 0.00 ~~194,320~~0.00 150 Days 0 02 0 0 02 0.00 0675,400.00 0.00 0.00 0675,400.00 180 Days 0 0 41 0 4 5 0.00 0.00 ~~348~~473,~~612~~999.4298 0407,970.0033 ~~348~~881,~~612~~970.4231 Totals 43 2 51 04 1110 1,~~052~~304,287.7023 ~~323~~675,~~320~~400.00 ~~822~~473,~~612~~999.4098 0407,970.0033 2,~~198~~861,~~220~~657.1054 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~239234~~388601% 0.000000% 0.000000% 0.000000% 0.~~239234~~388601% 0.~~158077~~636997% 0.000000% 0.000000% 0.000000% 0.~~158077~~636997% 60 Days 0.~~239234~~000000% 0.~~119617~~000000% 0.000000% 0.000000% 0.~~358852~~000000% 0.~~311486~~000000% 0.~~057564~~000000% 0.000000% 0.000000% 0.~~369050~~000000% 90 Days 0.000000% 0.000000% 0.~~119617~~000000% 0.000000% 0.~~119617~~000000% 0.000000% 0.000000% 0.~~211513~~000000% 0.000000% 0.~~211513~~000000% 120 Days 0.000000% 0.~~119617~~000000% 0.000000% 0.000000% 0.~~119617~~000000% 0.000000% 0.~~086712~~000000% 0.000000% 0.000000% 0.~~086712~~000000% 150 Days 0.000000% 0.~~000000~~259067% 0.000000% 0.000000% 0.~~000000~~259067% 0.000000% 0.~~000000~~329857% 0.000000% 0.000000% 0.~~000000~~329857% 180 Days 0.000000% 0.000000% 0.~~478469~~129534% 0.~~000000~~518135% 0.~~478469~~647668% 0.000000% 0.000000% 0.~~155562~~231496% 0.~~000000~~199248% 0.~~155562~~430743% Totals 0.~~478469~~388601% 0.~~239234~~259067% 0.~~598086~~129534% 0.~~000000~~518135% 1.~~315789~~295337% 0.~~469563~~636997% 0.~~144275~~329857% 0.~~367075~~231496% 0.~~000000~~199248% 01.~~980914~~397598% 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 12 0 0 0 12 ~~360~~616,~~000~~800.00 0.00 0.00 0.00 ~~360~~616,~~000~~800.00 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 12 0 0 0 12 ~~360~~616,~~000~~800.00 0.00 0.00 0.00 ~~360~~616,~~000~~800.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~458716~~063830% 0.000000% 0.000000% 0.000000% 01.~~458716~~063830% 0.~~426437~~861097% 0.000000% 0.000000% 0.000000% 0.~~426437~~861097% 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 01.~~458716~~063830% 0.000000% 0.000000% 0.000000% 01.~~458716~~063830% 0.~~426437~~861097% 0.000000% 0.000000% 0.000000% 0.~~426437~~861097% 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 10 0 0 0 10 ~~108,276~~0.7700 0.00 0.00 0.00 ~~108,276~~0.7700 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 ~~108,276~~0.7700 0.00 0.00 0.00 ~~108,276~~0.7700 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~574713~~000000% 0.000000% 0.000000% 0.000000% 0.~~574713~~000000% 0.~~271581~~000000% 0.000000% 0.000000% 0.000000% 0.~~271581~~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.~~574713~~000000% 0.000000% 0.000000% 0.000000% 0.~~574713~~000000% 0.~~271581~~000000% 0.000000% 0.000000% 0.000000% 0.~~271581~~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 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 1826,~~913~~942.6376

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 527,806,066.29 75.46828499% ~~395~~360,~~024~~386,~~958~~576.7432 7980.~~90155182~~86196294% 9190.~~693469~~798378% 0.000000% Class II-A 265,945,466.29 38.02617954% ~~187~~172,~~330~~003,~~326~~209.7276 3738.~~89123567~~59332752% 42.~~010316~~268635% ~~505~~459.~~750429~~360688% Class III-A 127,098,666.29 18.17318705% ~~111~~109,~~600~~051,~~480~~698.2949 2224.~~57338774~~46854290% 1514.~~317848~~124785% ~~184~~153.~~407281~~503200% Class S 127,098,666.29 18.17318705% ~~111~~109,~~600~~051,~~480~~698.2949 2224.~~57338774~~46854290% 0.000000% 0.000000% Class IV-A 101,166,366.29 14.46526035% 9594,~~656~~050,~~292~~479.2345 1921.~~34836273~~10263501% 3.~~225025~~365908% 3836.~~825173~~579505% Class V-A 59,582,916.29 8.51945590% 58,~~394~~078,~~593~~612.5761 1113.~~81145277~~03142495% 78.~~536910~~071210% 9087.~~734748~~715077% Class B-1 27,975,316.29 4.00004713% 27,~~841~~803,~~897~~413.8778 56.~~63157035~~23840832% 2.~~674961~~963214% 32.~~203102~~203169% Class B-2 17,484,616.29 2.50003569% 17,~~401~~377,~~229~~144.5799 3.~~51974025~~89900775% 2.~~111830~~339401% 25.~~423731~~423784% Class B-3 11,190,416.29 1.60006029% 11,~~137~~121,~~047~~602.5437 2.~~25268647~~49541647% 1.~~267054~~403591% 15.~~253706~~253737% Class B-4 4,196,516.29 0.60003836% 4,~~176~~170,~~502~~657.4913 0.~~84477961~~93579380% 1.~~407907~~559623% 16.~~949396~~949432% Class B-5 2,098,516.29 0.30005609% 2,~~088~~085,~~508~~542.1651 0.~~42244177~~46794490% 0.~~422338~~467849% 5.~~084407~~084418% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~422442~~467945% 5.~~085658~~085461% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~202157~~175982% Weighted Average Net Coupon 4.~~930085~~910172% Weighted Average Pass-Through Rate 4.~~792373~~767232% Weighted Average Maturity(Stepdown Calculation ) ~~345~~342 Beginning Scheduled Collateral Loan Count 1,~~731~~574 Number Of Loans Paid In Full 5335 Ending Scheduled Collateral Loan Count 1,~~678~~539 Beginning Scheduled Collateral Balance ~~511~~458,~~819~~289,~~248~~831.4837 Ending Scheduled Collateral Balance ~~494~~445,~~389~~681,~~595~~211.3679 Ending Actual Collateral Balance at 3130-~~Aug~~Nov-2004 ~~494~~445,~~530~~815,~~482~~252.5464 Monthly P &I Constant 2,~~409~~143,~~509~~696.4136 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 085.0027 Class A Optimal Amount 1914,~~294~~251,~~210~~107.4768 Ending Scheduled Balance for Premium Loans ~~494~~445,~~389~~681,~~595~~211.3679 Scheduled Principal ~~190~~166,~~706~~946.0552 Unscheduled Principal 1712,~~238~~441,~~947~~673.0706

Miscellaneous Reporting Group 1 Senior % 9089.~~817571~~442374% Group 1 Senior Prepayment % 100.000000% Group 1 Subordinate % 910.~~182429~~557626% Group 1 Subordinate Prepayment % 0.000000% Group 2 Senior % 92.~~919503~~167135% Group 2 Senior Prepayment % 100.000000% Group 2 Subordinate % 7.~~080497~~832865% Group 2 Subordinate Prepayment % 0.000000% Group 3 Senior % 9088.~~035854~~350814% Group 3 Senior Prepayment % 100.000000% Group 3 Subordinate % 911.~~964146~~649186% Group 3 Subordinate Prepayment % 0.000000% Group 4 Senior % 9190.~~157013~~631341% Group 4 Senior Prepayment % 100.000000% Group 4 Subordinate % 89.~~842987~~368659% Group 4 Subordinate Prepayment % 0.000000% Group 5 Senior % 93.~~565169~~322466% Group 5 Senior Prepayment % 100.000000% Group 5 Subordinate % 6.~~434831~~677534% Group 5 Subordinate Prepayment % 0.000000% Group 6 Senior % 93.~~852543~~695582% Group 6 Senior Prepayment % 100.000000% Group 6 Subordinate % 6.~~147457~~304418% Group 6 Subordinate Prepayment % 0.000000%

Group Level Collateral Statement Group Group 1A Group 1B Group 2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~992730~~950444 5.~~321150~~332670 5.~~206322~~173733 Weighted Average Net Rate 4.~~552731~~510444 4.~~881150~~892670 54.~~013916~~983485 Weighted Average Maturity ~~346~~343 ~~346~~343 ~~245~~242 Beginning Loan Count ~~216~~181 ~~111~~104 ~~860~~784 Loans Paid In Full 149 3 2412 Ending Loan Count ~~202~~172 ~~108~~101 ~~836~~772 Beginning Scheduled Balance 8269,~~690~~906,~~287~~412.01 33 31,~~810~~278,~~146~~608.8073 ~~230~~208,~~896~~350,~~244~~598.0513 Ending scheduled Balance 7765,~~126~~396,~~515~~696.5437 3230,~~930~~575,~~616~~725.9626 ~~224~~204,~~037~~696,~~051~~966.6644 Record Date 0811/3130/2004 0811/3130/2004 0811/3130/2004 Principal And Interest Constant ~~387~~324,~~711~~677.5477 ~~161~~149,~~513~~592.6643 1977,~~089,081~~729.4037 Scheduled Principal 4336,~~669~~287.6195 1110,~~589~~593.6167 8779,~~314~~437.5740 Unscheduled Principal 54,~~520~~473,~~101~~428.8601 ~~867~~692,~~940~~289.2380 63,~~771~~574,~~877~~194.8229 Scheduled Interest ~~344~~288,~~041~~389.9382 ~~149~~138,~~924~~998.0576 1898,~~001,766~~291.8397 Servicing Fees 3025,~~319~~632.7735 1211,~~397~~468.0583 3733,~~021~~031.5882 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 3835,~~578~~110.7368 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 ~~313~~262,~~722~~757.1647 ~~137~~127,~~527~~529.0093 ~~926~~830,~~166~~149.5247 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 085.0027 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~552730~~510444 4.~~881150~~892670 4.~~813417~~781265

Group Level Collateral Statement Group Group 3 Group 4 Group 5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~546452~~525067 4.~~601457~~610430 5.~~000861~~001316 Weighted Average Net Rate 5.~~106452~~085067 4.~~473884~~488719 4.~~950861~~951316 Weighted Average Maturity ~~344~~341 340 343 ~~346~~ Beginning Loan Count ~~224~~196 6663 ~~176~~171 Loans Paid In Full 68 2 21 Ending Loan Count ~~218~~188 6461 ~~174~~170 Beginning Scheduled Balance 8674,~~998~~328,~~830~~840.2531 1817,~~239~~182,~~202~~804.0385 4039,~~499~~022,~~415~~647.8630 Ending scheduled Balance 8471,~~395~~606,~~079~~986.7912 1716,~~556~~609,~~056~~950.5444 3938,~~867~~577,~~646~~516.3833 Record Date 0811/3130/2004 0811/3130/2004 0811/3130/2004 Principal And Interest Constant ~~436~~369,~~803~~952.9131 8177,~~493~~405.4006 ~~170~~164,~~663~~150.0460 Scheduled Principal 3427,~~691~~725.5377 11,~~554~~388.3230 1,~~886~~513.4143 Unscheduled Principal 2,~~569~~694,~~058~~128.9342 ~~671~~561,~~591~~466.1711 ~~629~~443,~~883~~617.0754 Scheduled Interest ~~402~~342,~~112~~226.3854 6966,~~939~~016.0876 ~~168~~162,~~776~~637.6317 Servicing Fees 3127,~~899~~253.5891 1,~~939~~742.0278 1,~~687~~625.4794 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 3,~~874~~740.0103 1110,~~222~~804.9896 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 ~~370~~314,~~212~~972.8063 6460,~~126~~533.0595 ~~155~~150,~~866~~206.1827 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.~~106452~~085067 4.~~219004~~227526 4.~~618324~~619049

Group Level Collateral Statement Group Group 6 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~281793~~281395 5.~~202157~~175982 Weighted Average Net Rate 5.~~231793~~231394 4.~~930085~~910172 Weighted Average Maturity ~~347~~344.00 ~~345~~342.00 Record Date 0811/3130/2004 0811/3130/2004 Principal And Interest Constant 8280,~~242~~188.4682 2,~~409~~143,~~509~~696.4136 Beginning Loan Count 7875 1,~~731~~574 Loans Paid In Full 20 5335 Ending Loan Count 7675 1,~~678~~539 Beginning Scheduled Balance 18,~~685~~219,~~122~~919.4872 ~~511~~458,~~819~~289,~~248~~831.4837 Ending Scheduled Balance 18,~~476~~217,~~628~~370.4983 ~~494~~445,~~389~~681,~~595~~211.3679 Scheduled Principal 0.00 ~~190~~166,~~706~~946.0552 Unscheduled Principal ~~208~~2,~~493~~548.9989 1712,~~238~~441,~~947~~673.0706 Scheduled Interest 8280,~~242~~188.4682 21,~~218~~976,~~803~~749.3684 Servicing Fee ~~778~~759.5517 ~~116~~101,~~043~~514.0280 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 54,~~060~~934.5556 5854,~~736~~590.2723 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 7674,~~403~~495.3609 21,~~044~~820,~~024~~644.0781 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 085.0027 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.~~906793~~906395 4.~~792373~~767232

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