8-K 1 bst030008_dec.txt DECEMBER 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2003-8 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-05 Pooling and Servicing Agreement) (Commission 54-2135818 (State or other File Number) 54-2135819 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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-8 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 2003-8 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2003-8 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-8 Trust, relating to the December 27, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BST~~Bear Stearns ARM Trust Mortgage Pass-Through Certificates Series: 2003-8 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-1 07384MZQ8 SEN 4.~~30780~~29937% ~~113~~108,~~646~~607,~~467~~499.8827 ~~407~~389,~~972~~120.0022 56,~~038~~937,~~968~~163.6123 I-A-2 07384MZR6 SEN 4.~~30780~~29937% 76,~~260~~938,~~808~~871.0724 2624,~~065~~860.1067 ~~321~~443,~~936~~211.8341 II-A-1 07384MZS4 SEN 4.~~90871~~90535% ~~150~~145,~~407~~424,~~529~~697.0317 ~~615~~594,~~256~~465.3398 49,~~982~~956,~~831~~506.8651 II-A-2 07384MZT2 SEN 4.~~90871~~90535% 9,~~609~~290,~~327~~981.6142 3937,~~307~~979.8760 ~~318~~636,~~346~~107.1934 III-A 07384MZU9 SEN 5.~~17494~~17332% 3433,~~823~~945,~~139~~521.6722 ~~150~~146,~~172~~342.9248 ~~877~~1,~~618~~297,516.4452 IV-A-1 07384MZV7 SEN 4.~~77756~~77058% ~~149~~144,~~383~~428,~~230~~322.6164 ~~594~~574,~~739~~171.2394 47,~~954~~283,~~907~~102.9886 IV-A-2 07384MZW5 SEN 4.~~77756~~77058% 9,~~543~~227,~~957~~393.9339 3736,~~997~~683.3532 ~~316~~465,~~564~~310.5478 V-A 07384MZX3 SEN 4.~~40120~~39856% 37,~~915~~413,~~191~~118.8899 ~~139~~137,~~060~~136.1945 ~~502~~39,~~072~~329.8917 R-I 07384MZY1 SEN 4.~~38728~~38722% 0.00 0.00 0.00 R-II 07384MZZ8 SEN 4.~~38728~~38722% 0.00 0.00 0.00 B-1 07384MA28 SUB 4.~~71487~~70928% 15,~~783~~770,~~029~~836.4294 6261,~~012~~891.4704 12,~~192~~273.4918 B-2 07384MA36 SUB 4.~~71487~~70928% 6,~~159~~154,~~209~~451.2220 24,~~199~~152.9051 4,~~758~~789.0352 B-3 07384MA44 SUB 4.~~71487~~70928% 4,~~619~~615,~~481~~912.3173 18,~~150~~114.2268 3,~~568~~592.5820 B-4 07384MA51 SUB 4.~~71487~~70928% 1,~~924~~923,~~585~~098.5074 7,~~561~~547.8100 1,~~486~~496.7559 B-5 07384MA69 SUB 4.~~71487~~70928% 2,~~309~~307,~~740~~956.6537 9,~~075~~057.1134 1,~~784~~796.2910 B-6 07384MA77 SUB 4.~~71487~~70928% 1,~~925~~923,~~059~~572.7765 7,~~563~~548.6786 1,~~487~~496.1296 Totals ~~545~~527,~~310~~972,~~758~~233.5597 2,~~139~~069,~~134~~072.1709 1727,~~338~~083,~~524~~692.6037

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~108~~101,~~607~~670,~~499~~336.2705 57,~~446~~326,~~940~~283.6145 0.00 I-A-2 0.00 6,~~938~~495,~~871~~659.2483 ~~348~~468,~~001~~072.9308 0.00 II-A-1 0.00 ~~145~~135,~~424~~468,~~697~~190.1766 510,~~598~~550,~~088~~972.1949 0.00 II-A-2 0.00 98,~~290~~654,~~981~~874.4208 ~~357~~674,~~654~~086.0694 0.00 III-A 0.00 3332,~~945~~648,~~521~~004.2270 1,~~027~~443,~~791~~859.3600 0.00 IV-A-1 0.00 ~~144~~137,~~428~~145,~~322~~219.6477 57,~~549~~857,~~647~~274.2180 0.00 IV-A-2 0.00 98,~~227~~762,~~393~~082.3961 ~~354~~501,~~561~~994.8910 0.00 V-A 0.00 37,~~413~~373,~~118~~789.9982 ~~641~~176,~~133~~465.0862 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 15,~~770~~758,~~836~~563.9476 74,~~204~~164.9622 0.00 B-2 0.00 6,~~154~~149,~~451~~661.2068 28,~~957~~942.9303 0.00 B-3 0.00 4,~~615~~612,~~912~~320.7354 21,~~718~~706.8088 0.00 B-4 0.00 1,~~923~~921,~~098~~602.7415 9,~~048~~043.5659 0.00 B-5 0.00 2,~~307~~306,~~956~~160.3727 10,~~859~~853.4044 0.00 B-6 0.00 1,~~923~~922,~~572~~075.6569 9,~~050~~045.7982 0.00 Totals 0.00 ~~527~~500,~~972~~888,~~233~~541.9761 1929,~~477~~152,~~658~~764.7746 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 166,273,200.00 ~~113~~108,~~646~~607,~~467~~499.8827 5351,~~587~~876.2987 46,~~985~~885,~~381~~286.3236 0.00 0.00 I-A-2 10,623,100.00 76,~~260~~938,~~808~~871.0724 3,~~423~~314.6638 ~~318~~439,~~513~~897.1702 0.00 0.00 II-A-1 224,194,900.00 ~~150~~145,~~407~~424,~~529~~697.0317 ~~112~~109,~~889~~912.7031 49,~~869~~846,~~942~~594.1621 0.00 0.00 II-A-2 14,323,500.00 9,~~609~~290,~~327~~981.6142 7,~~212~~022.3714 ~~311~~629,~~133~~085.8219 0.00 0.00 III-A 51,525,800.00 3433,~~823~~945,~~139~~521.6722 2120,~~373~~993.4502 ~~856~~1,~~244~~276,523.9950 0.00 0.00 IV-A-1 222,318,100.00 ~~149~~144,~~383~~428,~~230~~322.6164 ~~165~~160,~~047~~803.4509 47,~~789~~122,~~860~~299.5277 0.00 0.00 IV-A-2 14,203,700.00 9,~~543~~227,~~957~~393.9339 10,~~544~~273.7356 ~~306~~455,~~019~~037.8122 0.00 0.00 V-A 39,738,800.00 37,~~915~~413,~~191~~118.8899 1817,~~373~~855.6587 ~~483~~21,~~699~~473.2430 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 B-1 15,911,900.00 15,~~783~~770,~~029~~836.4294 12,~~192~~273.4918 0.00 0.00 0.00 B-2 6,209,500.00 6,~~159~~154,~~209~~451.2220 4,~~758~~789.0352 0.00 0.00 0.00 B-3 4,657,200.00 4,~~619~~615,~~481~~912.3173 3,~~568~~592.5820 0.00 0.00 0.00 B-4 1,940,300.00 1,~~924~~923,~~585~~098.5074 1,~~486~~496.7559 0.00 0.00 0.00 B-5 2,328,600.00 2,~~309~~307,~~740~~956.6537 1,~~784~~796.2910 0.00 0.00 0.00 B-6 1,940,777.96 1,~~925~~923,~~059~~572.7765 1,~~487~~496.1296 0.00 0.00 0.00 Totals 776,189,477.96 ~~545~~527,~~310~~972,~~758~~233.5597 ~~417~~407,~~729~~495.5679 1626,~~920~~676,~~795~~196.0357 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-1 56,~~038~~937,~~968~~163.6123 ~~108~~101,~~607~~670,~~499~~336.2705 0.~~65318704~~61146556 56,~~038~~937,~~968~~163.6123 I-A-2 ~~321~~443,~~936~~211.8341 6,~~938~~495,~~871~~659.2483 0.~~65318704~~61146556 ~~321~~443,~~936~~211.8341 II-A-1 49,~~982~~956,~~831~~506.8651 ~~145~~135,~~424~~468,~~697~~190.1766 0.~~64865301~~60424296 49,~~982~~956,~~831~~506.8651 II-A-2 ~~318~~636,~~346~~107.1934 98,~~290~~654,~~981~~874.4208 0.~~64865301~~60424296 ~~318~~636,~~346~~107.1934 III-A ~~877~~1,~~618~~297,516.4452 3332,~~945~~648,~~521~~004.2270 0.~~65880629~~63362441 ~~877~~1,~~618~~297,516.4452 IV-A-1 47,~~954~~283,~~907~~102.9886 ~~144~~137,~~428~~145,~~322~~219.6477 0.~~64964716~~61688733 47,~~954~~283,~~907~~102.9886 IV-A-2 ~~316~~465,~~564~~310.5478 98,~~227~~762,~~393~~082.3961 0.~~64964716~~61688733 ~~316~~465,~~564~~310.5478 V-A ~~502~~39,~~072~~329.8917 37,~~413~~373,~~118~~789.9982 0.~~94147581~~94048612 ~~502~~39,~~072~~329.8917 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 12,~~192~~273.4918 15,~~770~~758,~~836~~563.9476 0.~~99113474~~99036342 12,~~192~~273.4918 B-2 4,~~758~~789.0352 6,~~154~~149,~~451~~661.2068 0.~~99113475~~99036342 4,~~758~~789.0352 B-3 3,~~568~~592.5820 4,~~615~~612,~~912~~320.7354 0.~~99113474~~99036342 3,~~568~~592.5820 B-4 1,~~486~~496.7559 1,~~923~~921,~~098~~602.7415 0.~~99113474~~99036342 1,~~486~~496.7559 B-5 1,~~784~~796.2910 2,~~307~~306,~~956~~160.3727 0.~~99113475~~99036342 1,~~784~~796.2910 B-6 1,~~487~~496.1296 1,~~923~~922,~~572~~075.6569 0.~~99113484~~99036352 1,~~487~~496.1296 Totals 1727,~~338~~083,~~524~~692.6037 ~~527~~500,~~972~~888,~~233~~541.9761 0.~~68021050~~64531736 1727,~~338~~083,~~524~~692.6037

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 166,273,200.00 ~~683~~653.~~49239613~~18703958 0.~~32228459~~31199778 2941.~~98307196~~40947765 0.00000000 I-A-2 10,623,100.00 ~~683~~653.~~49239582~~18703956 0.~~32228446~~31199744 2941.~~98307180~~40947746 0.00000000 II-A-1 224,194,900.00 ~~670~~648.~~87845901~~65301204 0.~~50353376~~49025339 2143.~~72191321~~91979572 0.00000000 II-A-2 14,323,500.00 ~~670~~648.~~87845918~~65301218 0.~~50353405~~49025308 2143.~~72191294~~91979544 0.00000000 III-A 51,525,800.00 ~~675~~658.~~83889372~~80629161 0.~~41481064~~40742735 1624.~~61779128~~77445280 0.00000000 IV-A-1 222,318,100.00 ~~671~~649.~~93463155~~64716161 0.~~74239322~~72330184 2132.~~54507672~~03652681 0.00000000 IV-A-2 14,203,700.00 ~~671~~649.~~93463182~~64716166 0.~~74239318~~72330167 2132.~~54507699~~03652710 0.00000000 V-A 39,738,800.00 ~~954~~941.~~11013619~~47581180 0.~~46236046~~44933088 120.~~17196392~~54036106 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 B-1 15,911,900.00 991.~~90099360~~13474444 0.~~76624979~~77132084 0.00000000 0.00000000 B-2 6,209,500.00 991.~~90099364~~13474515 0.~~76625010~~77132136 0.00000000 0.00000000 B-3 4,657,200.00 991.~~90099416~~13474405 0.~~76625011~~77132182 0.00000000 0.00000000 B-4 1,940,300.00 991.~~90099469~~13474205 0.~~76624749~~77131887 0.00000000 0.00000000 B-5 2,328,600.00 991.~~90099201~~13474620 0.~~76625011~~77132182 0.00000000 0.00000000 B-6 1,940,777.96 991.~~90108795~~13483853 0.~~76624943~~77131956 0.00000000 0.00000000 All Classes are per $1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 3041.~~30535655~~72147544 ~~653~~611.~~18703958~~46556420 0.~~65318704~~61146556 3041.~~30535655~~72147544 I-A-2 0.00000000 3041.~~30535625~~72147584 ~~653~~611.~~18703956~~46556372 0.~~65318704~~61146556 3041.~~30535625~~72147584 II-A-1 0.00000000 2244.~~22544697~~41004907 ~~648~~604.~~65301204~~24296298 0.~~64865301~~60424296 2244.~~22544697~~41004907 II-A-2 0.00000000 2244.~~22544699~~41004922 ~~648~~604.~~65301218~~24296296 0.~~64865301~~60424296 2244.~~22544699~~41004922 III-A 0.00000000 1725.~~03260192~~18188015 ~~658~~633.~~80629161~~62441146 0.~~65880629~~63362441 1725.~~03260192~~18188015 IV-A-1 0.00000000 2232.~~28746998~~75982864 ~~649~~616.~~64716161~~88733293 0.~~64964716~~61688733 2232.~~28746998~~75982864 IV-A-2 0.00000000 2232.~~28747017~~75982878 ~~649~~616.~~64716166~~88733288 0.~~64964716~~61688733 2232.~~28747017~~75982878 V-A 0.00000000 120.~~63432439~~98969194 ~~941~~940.~~47581180~~48611986 0.~~94147581~~94048612 120.~~63432439~~98969194 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~76624979~~77132084 ~~991~~990.~~13474444~~36342360 0.~~99113474~~99036342 0.~~76624979~~77132084 B-2 0.00000000 0.~~76625010~~77132136 ~~991~~990.~~13474515~~36342379 0.~~99113475~~99036342 0.~~76625010~~77132136 B-3 0.00000000 0.~~76625011~~77132182 ~~991~~990.~~13474405~~36342438 0.~~99113474~~99036342 0.~~76625011~~77132182 B-4 0.00000000 0.~~76624749~~77131887 ~~991~~990.~~13474205~~36342318 0.~~99113474~~99036342 0.~~76624749~~77131887 B-5 0.00000000 0.~~76625011~~77132182 ~~991~~990.~~13474620~~36342438 0.~~99113475~~99036342 0.~~76625011~~77132182 B-6 0.00000000 0.~~76624943~~77131956 ~~991~~990.~~13483853~~36351897 0.~~99113484~~99036352 0.~~76624943~~77131956 (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-1 166,273,200.00 4.~~30780~~29937% ~~113~~108,~~646~~607,~~467~~499.8827 ~~407~~389,~~972~~120.0022 0.00 0.00 I-A-2 10,623,100.00 4.~~30780~~29937% 76,~~260~~938,~~808~~871.0724 2624,~~065~~860.1067 0.00 0.00 II-A-1 224,194,900.00 4.~~90871~~90535% ~~150~~145,~~407~~424,~~529~~697.0317 ~~615~~594,~~256~~465.3397 0.00 0.00 II-A-2 14,323,500.00 4.~~90871~~90535% 9,~~609~~290,~~327~~981.6142 3937,~~307~~979.8760 0.00 0.00 III-A 51,525,800.00 5.~~17494~~17332% 3433,~~823~~945,~~139~~521.6722 ~~150~~146,~~172~~342.9248 0.00 0.00 IV-A-1 222,318,100.00 4.~~77756~~77058% ~~149~~144,~~383~~428,~~230~~322.6164 ~~594~~574,~~739~~171.2394 0.00 0.00 IV-A-2 14,203,700.00 4.~~77756~~77058% 9,~~543~~227,~~957~~393.9339 3736,~~997~~683.3532 0.00 0.00 V-A 39,738,800.00 4.~~40120~~39856% 37,~~915~~413,~~191~~118.8899 ~~139~~137,~~060~~136.1945 0.00 0.00 R-I 50.00 4.~~38728~~38722% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~38728~~38722% 0.00 0.00 0.00 0.00 B-1 15,911,900.00 4.~~71487~~70928% 15,~~783~~770,~~029~~836.4294 6261,~~012~~891.4704 0.00 0.00 B-2 6,209,500.00 4.~~71487~~70928% 6,~~159~~154,~~209~~451.2220 24,~~199~~152.9051 0.00 0.00 B-3 4,657,200.00 4.~~71487~~70928% 4,~~619~~615,~~481~~912.3173 18,~~150~~114.2268 0.00 0.00 B-4 1,940,300.00 4.~~71487~~70928% 1,~~924~~923,~~585~~098.5074 7,~~561~~547.8100 0.00 0.00 B-5 2,328,600.00 4.~~71487~~70928% 2,~~309~~307,~~740~~956.6537 9,~~075~~057.1134 0.00 0.00 B-6 1,940,777.96 4.~~71487~~70928% 1,~~925~~923,~~059~~572.7765 7,~~563~~548.6786 0.00 0.00 Totals 776,189,477.96 2,~~139~~069,~~134~~072.1708 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-1 0.00 0.00 ~~407~~389,~~972~~120.0022 0.00 ~~108~~101,~~607~~670,~~499~~336.2705 I-A-2 0.00 0.00 2624,~~065~~860.1067 0.00 6,~~938~~495,~~871~~659.2483 II-A-1 (0.0001) 0.00 ~~615~~594,~~256~~465.3398 0.00 ~~145~~135,~~424~~468,~~697~~190.1766 II-A-2 0.00 0.00 3937,~~307~~979.8760 0.00 98,~~290~~654,~~981~~874.4208 III-A 0.00 0.00 ~~150~~146,~~172~~342.9248 0.00 3332,~~945~~648,~~521~~004.2270 IV-A-1 (0.0001) 0.00 ~~594~~574,~~739~~171.2394 0.00 ~~144~~137,~~428~~145,~~322~~219.6477 IV-A-2 0.00 0.00 3736,~~997~~683.3532 0.00 98,~~227~~762,~~393~~082.3961 V-A 0.00 0.00 ~~139~~137,~~060~~136.1945 0.00 37,~~413~~373,~~118~~789.9982 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 6261,~~012~~891.4704 0.00 15,~~770~~758,~~836~~563.9476 B-2 0.00 0.00 24,~~199~~152.9051 0.00 6,~~154~~149,~~451~~661.2068 B-3 0.00 0.00 18,~~150~~114.2268 0.00 4,~~615~~612,~~912~~320.7354 B-4 0.00 0.00 7,~~561~~547.8100 0.00 1,~~923~~921,~~098~~602.7415 B-5 0.00 0.00 9,~~075~~057.1134 0.00 2,~~307~~306,~~956~~160.3727 B-6 0.00 0.00 7,~~563~~548.6786 0.00 1,~~923~~922,~~572~~075.6569 Totals (0.0002) 0.00 2,~~139~~069,~~134~~072.1709 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-1 166,273,200.00 4.~~30780~~29937% ~~683~~653.~~49239613~~18703958 2.~~45362452~~34024617 0.00000000 0.00000000 I-A-2 10,623,100.00 4.~~30780~~29937% ~~683~~653.~~49239582~~18703956 2.~~45362465~~34024626 0.00000000 0.00000000 II-A-1 224,194,900.00 4.~~90871~~90535% ~~670~~648.~~87845901~~65301204 2.~~74429227~~65155884 0.00000000 0.00000000 II-A-2 14,323,500.00 4.~~90871~~90535% ~~670~~648.~~87845918~~65301218 2.~~74429225~~65155863 0.00000000 0.00000000 III-A 51,525,800.00 5.~~17494~~17332% ~~675~~658.~~83889372~~80629161 2.~~91451894~~84017871 0.00000000 0.00000000 IV-A-1 222,318,100.00 4.~~77756~~77058% ~~671~~649.~~93463155~~64716161 2.~~67517233~~58265944 0.00000000 0.00000000 IV-A-2 14,203,700.00 4.~~77756~~77058% ~~671~~649.~~93463182~~64716166 2.~~67517267~~58265945 0.00000000 0.00000000 V-A 39,738,800.00 4.~~40120~~39856% ~~954~~941.~~11013619~~47581180 3.~~49935554~~45094593 0.00000000 0.00000000 R-I 50.00 4.~~38728~~38722% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~38728~~38722% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,911,900.00 4.~~71487~~70928% 991.~~90099360~~13474444 3.~~89723854~~88960715 0.00000000 0.00000000 B-2 6,209,500.00 4.~~71487~~70928% 991.~~90099364~~13474515 3.~~89723810~~88960625 0.00000000 0.00000000 B-3 4,657,200.00 4.~~71487~~70928% 991.~~90099416~~13474405 3.~~89723868~~88960749 0.00000000 0.00000000 B-4 1,940,300.00 4.~~71487~~70928% 991.~~90099469~~13474205 3.~~89723754~~88960470 0.00000000 0.00000000 B-5 2,328,600.00 4.~~71487~~70928% 991.~~90099201~~13474620 3.~~89723868~~88960749 0.00000000 0.00000000 B-6 1,940,777.96 4.~~71487~~70928% 991.~~90108795~~13483853 3.~~89723614~~88960518 0.00000000 0.00000000 All Classes are per $1,000 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-1 0.00000000 0.00000000 2.~~45362452~~34024617 0.00000000 ~~653~~611.~~18703958~~46556420 I-A-2 0.00000000 0.00000000 2.~~45362465~~34024626 0.00000000 ~~653~~611.~~18703956~~46556372 II-A-1 (0.~~00000000~~00000004) 0.00000000 2.~~74429227~~65155889 0.00000000 ~~648~~604.~~65301204~~24296298 II-A-2 0.00000000 0.00000000 2.~~74429225~~65155863 0.00000000 ~~648~~604.~~65301218~~24296296 III-A 0.00000000 0.00000000 2.~~91451894~~84017871 0.00000000 ~~658~~633.~~80629161~~62441146 IV-A-1 (0.~~00000000~~00000004) 0.00000000 2.~~67517233~~58265944 0.00000000 ~~649~~616.~~64716161~~88733293 IV-A-2 0.00000000 0.00000000 2.~~67517267~~58265945 0.00000000 ~~649~~616.~~64716166~~88733288 V-A 0.00000000 0.00000000 3.~~49935554~~45094593 0.00000000 ~~941~~940.~~47581180~~48611986 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.~~89723854~~88960715 0.00000000 ~~991~~990.~~13474444~~36342360 B-2 0.00000000 0.00000000 3.~~89723810~~88960625 0.00000000 ~~991~~990.~~13474515~~36342379 B-3 0.00000000 0.00000000 3.~~89723868~~88960749 0.00000000 ~~991~~990.~~13474405~~36342438 B-4 0.00000000 0.00000000 3.~~89723754~~88960470 0.00000000 ~~991~~990.~~13474205~~36342318 B-5 0.00000000 0.00000000 3.~~89723868~~88960749 0.00000000 ~~991~~990.~~13474620~~36342438 B-6 0.00000000 0.00000000 3.~~89723614~~88960518 0.00000000 ~~991~~990.~~13483853~~36351897 (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 1929,~~575~~275,~~407~~105.3741 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5145,~~381~~751.8485 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1929,~~626~~320,~~789~~857.2126 Withdrawals Reimbursement for Servicer Advances 2851,~~599~~381.8084 Payment of Service Fee ~~120~~116,~~530~~710.6496 Payment of Interest and Principal 1929,~~477~~152,~~658~~764.7746 Total Withdrawals (Pool Distribution Amount) 1929,~~626~~320,~~789~~857.2126 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~117~~114,~~860~~153.5652 Miscellaneous Fee 2,~~670~~557.0844 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~120~~116,~~530~~710.6496

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 1 0 0 1 100,~~520~~375.5021 0.00 0.00 100,~~520~~375.5021 30 Days 1614 0 0 0 1614 86,~~648~~534,~~157~~647.7322 0.00 0.00 0.00 86,~~648~~534,~~157~~647.7322 60 Days 12 0 0 0 12 ~~494~~1,~~502~~496,693.0161 0.00 0.00 0.00 ~~494~~1,~~502~~496,693.0161 90 Days 1 0 0 0 1 ~~515~~494,~~360~~502.4401 0.00 0.00 0.00 ~~515~~494,~~360~~502.4401 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 10 0 0 0 10 ~~596,911~~0.2600 0.00 0.00 0.00 ~~596,911~~0.2600 180+ Days 01 0 0 1 12 0596,911.0026 0.00 0.00 560,000.00 ~~560~~1,~~000~~156,911.0026 Totals 1918 1 0 1 2120 109,~~254~~122,~~931~~754.4410 100,~~520~~375.5021 0.00 560,000.00 109,~~915~~783,~~451~~129.9431 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.~~075758~~079745% 0.000000% 0.000000% 0.~~075758~~079745% 0.~~019027~~020026% 0.000000% 0.000000% 0.~~019027~~020026% 30 Days 1.~~212121~~116427% 0.000000% 0.000000% 0.000000% 1.~~212121~~116427% 1.~~636966~~303757% 0.000000% 0.000000% 0.000000% 1.~~636966~~303757% 60 Days 0.~~075758~~159490% 0.000000% 0.000000% 0.000000% 0.~~075758~~159490% 0.~~093602~~298612% 0.000000% 0.000000% 0.000000% 0.~~093602~~298612% 90 Days 0.~~075758~~079745% 0.000000% 0.000000% 0.000000% 0.~~075758~~079745% 0.~~097550~~098660% 0.000000% 0.000000% 0.000000% 0.~~097550~~098660% 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.~~075758~~000000% 0.000000% 0.000000% 0.000000% 0.~~075758~~000000% 0.~~112986~~000000% 0.000000% 0.000000% 0.000000% 0.~~112986~~000000% 180+ Days 0.~~000000~~079745% 0.000000% 0.000000% 0.~~075758~~079745% 0.~~075758~~159490% 0.~~000000~~119092% 0.000000% 0.000000% 0.~~106000~~111728% 0.~~106000~~230821% Totals 1.~~439394~~435407% 0.~~075758~~079745% 0.000000% 0.~~075758~~079745% 1.~~590909~~594896% 1.~~941104~~820122% 0.~~019027~~020026% 0.000000% 0.~~106000~~111728% 21.~~066131~~951877%

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 64 0 0 0 64 2,~~842~~430,~~775~~793.7697 0.00 0.00 0.00 2,~~842~~430,~~775~~793.7697 60 Days 01 0 0 0 01 0514,012.0058 0.00 0.00 0.00 0514,012.0058 90 Days 10 0 0 0 10 ~~515,360~~0.4400 0.00 0.00 0.00 ~~515,360~~0.4400 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 10 0 0 0 10 ~~596,911~~0.2600 0.00 0.00 0.00 ~~596,911~~0.2600 180 Days 01 0 0 1 12 0596,911.0026 0.00 0.00 560,000.00 ~~560~~1,~~000~~156,911.0026 Totals 86 0 0 1 97 3,~~955~~541,~~047~~717.4681 0.00 0.00 560,000.00 4,~~515~~101,~~047~~717.4681 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~500000~~777778% 0.000000% 0.000000% 0.000000% 21.~~500000~~777778% 2.~~303608~~095119% 0.000000% 0.000000% 0.000000% 2.~~303608~~095119% 60 Days 0.~~000000~~444444% 0.000000% 0.000000% 0.000000% 0.~~000000~~444444% 0.~~000000~~443031% 0.000000% 0.000000% 0.000000% 0.~~000000~~443031% 90 Days 0.~~416667~~000000% 0.000000% 0.000000% 0.000000% 0.~~416667~~000000% 0.~~417616~~000000% 0.000000% 0.000000% 0.000000% 0.~~417616~~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.~~416667~~000000% 0.000000% 0.000000% 0.000000% 0.~~416667~~000000% 0.~~483700~~000000% 0.000000% 0.000000% 0.000000% 0.~~483700~~000000% 180 Days 0.~~000000~~444444% 0.000000% 0.000000% 0.~~416667~~444444% 0.~~416667~~888889% 0.~~000000~~514482% 0.000000% 0.000000% 0.~~453789~~482668% 0.~~453789~~997150% Totals 32.~~333333~~666667% 0.000000% 0.000000% 0.~~416667~~444444% 3.~~750000~~111111% 3.~~204923~~052632% 0.000000% 0.000000% 0.~~453789~~482668% 3.~~658712~~535300% 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 74 0 0 0 7 4 2,~~124~~235,~~198~~942.1075 0.00 0.00 0.00 42,~~124~~235,~~198~~942.1075 60 Days 10 0 0 0 10 ~~494,502~~0.0100 0.00 0.00 0.00 ~~494,502~~0.0100 90 Days 01 0 0 0 01 0494,502.0001 0.00 0.00 0.00 0494,502.0001 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 85 0 0 0 85 42,~~618~~730,~~700~~444.1176 0.00 0.00 0.00 42,~~618~~730,~~700~~444.1176 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~023121~~234568% 0.000000% 0.000000% 0.000000% 21.~~023121~~234568% 21.~~494779~~445286% 0.000000% 0.000000% 0.000000% 21.~~494779~~445286% 60 Days 0.~~289017~~000000% 0.000000% 0.000000% 0.000000% 0.~~289017~~000000% 0.~~299130~~000000% 0.000000% 0.000000% 0.000000% 0.~~299130~~000000% 90 Days 0.~~000000~~308642% 0.000000% 0.000000% 0.000000% 0.~~000000~~308642% 0.~~000000~~319640% 0.000000% 0.000000% 0.000000% 0.~~000000~~319640% 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.~~312139~~543210% 0.000000% 0.000000% 0.000000% 21.~~312139~~543210% 21.~~793909~~764926% 0.000000% 0.000000% 0.000000% 21.~~793909~~764926% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~339~~302,~~366~~993.0721 0.00 0.00 0.00 ~~339~~302,~~366~~993.0721 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~339~~302,~~366~~993.0721 0.00 0.00 0.00 ~~339~~302,~~366~~993.0721 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~149425~~176471% 0.000000% 0.000000% 0.000000% 1.~~149425~~176471% 0.~~936629~~867315% 0.000000% 0.000000% 0.000000% 0.~~936629~~867315% 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 1.~~149425~~176471% 0.000000% 0.000000% 0.000000% 1.~~149425~~176471% 0.~~936629~~867315% 0.000000% 0.000000% 0.000000% 0.~~936629~~867315% 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 1 0 0 1 100,~~520~~375.5021 0.00 0.00 100,~~520~~375.5021 30 Days 25 0 0 0 25 1,~~341~~564,~~817~~917.8029 0.00 0.00 0.00 1,~~341~~564,~~817~~917.8029 60 Days 01 0 0 0 01 0982,681.0003 0.00 0.00 0.00 0982,681.0003 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 26 1 0 0 37 12,~~341~~547,~~817~~598.8032 100,~~520~~375.5021 0.00 0.00 12,~~442~~647,~~338~~973.3053 0-29 Days 0.~~175131~~183824% 0.000000% 0.000000% 0.~~175131~~183824% 0.~~061229~~064173% 0.000000% 0.000000% 0.~~061229~~064173% 30 Days 0.~~350263~~919118% 0.000000% 0.000000% 0.000000% 0.~~350263~~919118% 01.~~817330~~000500% 0.000000% 0.000000% 0.000000% 01.~~817330~~000500% 60 Days 0.~~000000~~183824% 0.000000% 0.000000% 0.000000% 0.~~000000~~183824% 0.~~000000~~628259% 0.000000% 0.000000% 0.000000% 0.~~000000~~628259% 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.~~350263~~102941% 0.~~175131~~183824% 0.000000% 0.000000% 01.~~525394~~286765% 01.~~817330~~628759% 0.~~061229~~064173% 0.000000% 0.000000% 01.~~878559~~692932% 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5145,~~381~~751.8485

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 4.~~972573~~967950% Weighted Average Net Coupon 4.~~713212~~708497% Weighted Average Pass-Through Rate 4.~~707336~~702684% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 1,~~362~~320 Number Of Loans Paid In Full 4266 Ending Scheduled Collateral Loan Count 1,~~320~~254 Beginning Scheduled Collateral Balance ~~545~~527,~~310~~972,~~758~~233.2667 Ending Scheduled Collateral Balance ~~527~~500,~~972~~888,~~233~~541.6729 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~528~~501,~~304~~216,~~053~~512.8964 Monthly P &I Constant 2,~~677~~593,~~394~~278.3687 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 ~~527~~500,~~972~~888,~~233~~541.6729 Scheduled Principal ~~417~~407,~~729~~495.5681 Unscheduled Principal 1626,~~920~~676,~~795~~196.0357

Miscellaneous Reporting Senior Percentage Group 1 93.~~929037~~668008% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 6.~~070963~~331992% Subordinate Prepay Percentage Group 1 0.000000% Senior Percentage Group 2 93.~~840021~~646843% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 6.~~159979~~353157% Subordinate Prepay Percentage Group 2 0.000000% Senior Percentage Group 3 93.~~876404~~731624% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 6.~~123596~~268376% Subordinate Prepay Percentage Group 3 0.000000% Senior Percentage Group 4 93.~~871427~~681020% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 6.~~128573~~318980% Subordinate Prepay Percentage Group 4 0.000000% Senior Percentage Group 5 95.~~576085~~521452% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.~~423915~~478548% Subordinate Prepay Percentage Group 5 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 4.~~563927~~554687 5.~~166311~~163183 5.~~455071~~452745 Weighted Average Net Rate 4.~~313927~~304686 4.~~916311~~913183 5.~~180467~~178984 Weighted Average Maturity ~~348~~347 ~~348~~347 ~~348~~347 Beginning Loan Count ~~251~~240 ~~357~~346 8987 Loans Paid In Full 1115 1122 2 Ending Loan Count ~~240~~225 ~~346~~324 8785 Beginning Scheduled Balance ~~128~~123,~~721~~357,~~944~~354.4418 ~~170~~165,~~520~~211,~~917~~855.5357 3736,~~094~~215,~~669~~656.2460 Ending scheduled Balance ~~123~~115,~~357~~973,~~354~~248.1860 ~~165~~154,~~211~~611,~~855~~308.5769 3634,~~215~~916,~~656~~736.6015 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~550~~527,~~260~~133.4593 ~~862~~835,~~122~~716.7170 ~~191~~186,~~396~~959.0224 Scheduled Principal 6058,~~695~~922.7720 ~~127~~124,~~985~~867.9848 22,~~767~~396.6595 Unscheduled Principal 57,~~303~~325,~~894~~183.4938 510,~~181~~475,~~075~~679.9840 ~~856~~1,~~244~~276,523.9950 Scheduled Interest ~~489~~468,~~564~~211.6873 ~~734~~710,~~136~~849.7322 ~~168~~164,~~628~~562.3729 Servicing Fees 2625,~~817~~699.0745 3534,~~525~~419.2014 8,~~488~~262.6104 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 ~~657~~546.1311 1,~~079~~078.4831 171.00 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 ~~462~~441,~~090~~966.4817 ~~697~~675,~~532~~351.0577 ~~159~~156,~~968~~129.7625 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~307801~~299374 4.~~908714~~905351 5.~~174935~~173318

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~040918~~034358 4.~~722924~~719654 4.~~972573~~967950 Weighted Average Net Rate 4.~~782963~~776151 4.~~401197~~398557 4.~~713212~~708497 Weighted Average Maturity 344 345 346 ~~347~~ Beginning Loan Count ~~588~~571 7776 1,~~362~~320 Loans Paid In Full 1727 10 4266 Ending Loan Count ~~571~~544 76 1,~~320~~254 Beginning Scheduled Balance ~~169~~164,~~303~~020,~~058~~122.8547 39,~~670~~167,~~168~~244.2085 ~~545~~527,~~310~~972,~~758~~233.2667 Ending scheduled Balance ~~164~~156,~~020~~260,~~122~~169.4735 39,~~167~~127,~~244~~078.8550 ~~527~~500,~~972~~888,~~233~~541.6729 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~898~~870,~~258~~729.42 ~~175~~172,~~356~~739.7658 2,~~677~~593,~~394~~278.3687 Scheduled Principal ~~187~~182,~~056~~616.0513 1918,~~224~~693.1105 ~~417~~407,~~729~~495.5681 Unscheduled Principal 57,~~095~~577,~~880~~336.3399 ~~483~~21,~~699~~473.2430 1626,~~920~~676,~~795~~196.0357 Scheduled Interest ~~711~~688,~~202~~113.3729 ~~156~~154,~~132~~046.6553 2,~~259~~185,~~664~~783.8006 Servicing Fees 3635,~~393~~292.8850 10,~~635~~480.8039 ~~117~~114,~~860~~153.5652 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 762.4702 0.00 2,~~670~~557.0844 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 ~~674~~652,~~046~~058.0277 ~~145~~143,~~496~~566.8514 2,~~139~~069,~~134~~072.1610 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~777558~~770576 4.~~401197~~398557 4.~~707336~~702684

Filing Compare · BEAR STEARNS ARM TRUST MORT PASS THR CERTS SER 2003-8