8-K 1 bsa03ac6_dec.txt DECEMBER 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): December 27, 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 December 27, 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 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 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Mortgage~~Asset ~~Pass-Through~~Backed Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BSA~~Bear Stearns Asset Backed Securities Asset Backed Certificates 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% 4139,~~921~~965,~~088~~661.4199 ~~183~~174,~~404~~849.7677 1,~~955~~038,~~426~~648.4156 A-2 07384YNU6 SEN 5.00000% ~~173~~165,~~446~~355,~~116~~651.5711 ~~722~~688,~~692~~981.1588 84,~~090~~297,~~465~~349.4628 A-3 07384YNV4 SEN 5.00000% 3,~~493~~330,~~424~~471.0383 1413,~~555~~876.9397 ~~162~~86,~~952~~554.2005 A-4 07384YNW2 SEN 2.~~53250~~78000% 1615,~~085~~335,~~412~~101.2760 3335,~~946~~526.9232 ~~750~~398,~~310~~536.6765 A-5 07384YNX0 SEN 5.~~46750~~22000% 0.00 7366,~~289~~707.1669 0.00 M-1 07384YNJ1 MEZ 5.38500% 1918,~~463~~555,~~262~~390.6677 8783,~~341~~267.3932 ~~907~~482,~~871~~227.8922 M-2 07384YNK8 MEZ 3.~~58250~~83000% 1615,~~682~~904,~~497~~335.1319 5349,~~124~~069.4929 ~~778~~413,~~161~~330.9419 BA 07384YNL6 SUB 4.~~58250~~83000% 2,~~951~~627,~~620~~359.2405 1210,~~022~~222.9362 ~~324~~172,~~261~~235.1928 BB 07384YNN2 SUB 5.~~43250~~68000% 4,000,000.00 1918,~~315~~302.5622 0.00 C 07384YNP7 OC 0.00000% 2,785,668.00 ~~219~~210,~~518~~996.0575 0.00 P 07384YNQ5 SEN 0.00000% 100.00 047,287.0004 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 ~~280~~267,~~829~~859,~~189~~739.3154 1,~~419~~399,~~211~~087.3487 126,~~969~~888,~~449~~881.7623

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 3938,~~965~~927,~~661~~013.9943 21,~~138~~213,~~831~~498.1733 0.00 A-2 0.00 ~~165~~161,~~355~~058,~~651~~301.1183 84,~~813~~986,~~157~~331.6116 0.00 A-3 0.00 3,~~330~~243,~~471~~917.8379 ~~177~~100,~~508~~431.1302 0.00 A-4 0.00 1514,~~335~~936,~~101~~564.6095 ~~784~~434,~~257~~062.5997 0.00 A-5 0.00 0.00 7366,~~289~~707.1669 0.00 M-1 0.00 18,~~555~~073,~~390~~163.7755 ~~995~~565,~~213~~494.2854 0.00 M-2 0.00 15,~~904~~491,~~335~~005.1900 ~~831~~462,~~286~~399.4348 0.00 BA 0.00 2,~~627~~455,~~359~~123.0578 ~~336~~182,~~284~~457.1290 0.00 BB 0.00 4,000,000.00 1918,~~315~~302.5622 0.00 C 0.00 2,785,668.00 ~~219~~210,~~518~~996.0575 0.00 P 0.00 100.00 047,287.0004 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 ~~267~~260,~~859~~970,~~739~~858.5433 148,~~388~~287,~~661~~969.10 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 4139,~~921~~965,~~088~~661.4199 0.00 1,~~955~~038,~~426~~648.4156 0.00 0.00 A-2 248,246,584.00 ~~173~~165,~~446~~355,~~116~~651.5711 0.00 84,~~090~~297,~~465~~349.4628 0.00 0.00 A-3 5,000,000.00 3,~~493~~330,~~424~~471.0383 0.00 ~~162~~86,~~952~~554.2005 0.00 0.00 A-4 23,022,416.00 1615,~~085~~335,~~412~~101.2760 0.00 ~~750~~398,~~310~~536.6765 0.00 0.00 A-5 0.00 0.00 0.00 0.00 0.00 0.00 M-1 27,857,000.00 1918,~~463~~555,~~262~~390.6677 0.00 ~~907~~482,~~871~~227.8922 0.00 0.00 M-2 23,877,000.00 1615,~~682~~904,~~497~~335.1319 0.00 ~~778~~413,~~161~~330.9419 0.00 0.00 BA 5,949,579.80 2,~~951~~627,~~620~~359.2405 0.00 ~~324~~172,~~261~~235.1928 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 ~~280~~267,~~829~~859,~~189~~739.3154 0.00 126,~~969~~888,~~449~~881.7623 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,~~955~~038,~~426~~648.4156 3938,~~965~~927,~~661~~013.9943 0.~~66609437~~64878356 1,~~955~~038,~~426~~648.4156 A-2 84,~~090~~297,~~465~~349.4628 ~~165~~161,~~355~~058,~~651~~301.1183 0.~~66609437~~64878356 84,~~090~~297,~~465~~349.4628 A-3 ~~162~~86,~~952~~554.2005 3,~~330~~243,~~471~~917.8379 0.~~66609437~~64878356 ~~162~~86,~~952~~554.2005 A-4 ~~750~~398,~~310~~536.6765 1514,~~335~~936,~~101~~564.6095 0.~~66609437~~64878356 ~~750~~398,~~310~~536.6765 A-5 0.00 0.00 0.00000000 0.00 M-1 ~~907~~482,~~871~~227.8922 18,~~555~~073,~~390~~163.7755 0.~~66609437~~64878356 ~~907~~482,~~871~~227.8922 M-2 ~~778~~413,~~161~~330.9419 15,~~904~~491,~~335~~005.1900 0.~~66609437~~64878356 ~~778~~413,~~161~~330.9419 BA ~~324~~172,~~261~~235.1928 2,~~627~~455,~~359~~123.0578 0.~~44160414~~41265499 ~~324~~172,~~261~~235.1928 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 126,~~969~~888,~~449~~881.7623 ~~267~~260,~~859~~970,~~739~~858.5433 0.~~67309445~~65578364 126,~~969~~888,~~449~~881.7623

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 ~~698~~666.~~68480683~~09436650 0.00000000 3217.~~59044017~~31080933 0.00000000 A-2 248,246,584.00 ~~698~~666.~~68480676~~09436652 0.00000000 3217.~~59044024~~31080932 0.00000000 A-3 5,000,000.00 ~~698~~666.~~68480600~~09436600 0.00000000 3217.~~59044000~~31081000 0.00000000 A-4 23,022,416.00 ~~698~~666.~~68480658~~09436646 0.00000000 3217.~~59044012~~31080917 0.00000000 A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 27,857,000.00 ~~698~~666.~~68480669~~09436659 0.00000000 3217.~~59044010~~31080949 0.00000000 M-2 23,877,000.00 ~~698~~666.~~68480672~~09436655 0.00000000 3217.~~59044017~~31080915 0.00000000 BA 5,949,579.80 ~~496~~441.~~10566447~~60413648 0.00000000 5428.~~50152799~~94915032 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 3217.~~59044017~~31080933 ~~666~~648.~~09436650~~78355717 0.~~66609437~~64878356 3217.~~59044017~~31080933 A-2 0.00000000 3217.~~59044024~~31080932 ~~666~~648.~~09436652~~78355720 0.~~66609437~~64878356 3217.~~59044024~~31080932 A-3 0.00000000 3217.~~59044000~~31081000 ~~666~~648.~~09436600~~78355800 0.~~66609437~~64878356 3217.~~59044000~~31081000 A-4 0.00000000 3217.~~59044012~~31080917 ~~666~~648.~~09436646~~78355729 0.~~66609437~~64878356 3217.~~59044012~~31080917 A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 3217.~~59044010~~31080949 ~~666~~648.~~09436659~~78355710 0.~~66609437~~64878356 3217.~~59044010~~31080949 M-2 0.00000000 3217.~~59044017~~31080915 ~~666~~648.~~09436655~~78355740 0.~~66609437~~64878356 3217.~~59044017~~31080915 BA 0.00000000 5428.~~50152799~~94915032 ~~441~~412.~~60413648~~65498784 0.~~44160414~~41265499 5428.~~50152799~~94915032 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% 4139,~~921~~965,~~088~~661.4199 ~~183~~174,~~404~~849.7677 0.00 0.00 A-2 248,246,584.00 5.00000% ~~173~~165,~~446~~355,~~116~~651.5711 ~~722~~688,~~692~~981.1588 0.00 0.00 A-3 5,000,000.00 5.00000% 3,~~493~~330,~~424~~471.0383 1413,~~555~~876.9397 0.00 0.00 A-4 23,022,416.00 2.~~53250~~78000% 1615,~~085~~335,~~412~~101.2760 3335,~~946~~526.9232 0.00 0.00 A-5 0.00 5.~~46750~~22000% 1615,~~085~~335,~~412~~101.2760 7366,~~289~~707.1669 0.00 0.00 M-1 27,857,000.00 5.38500% 1918,~~463~~555,~~262~~390.6677 8783,~~341~~267.3932 0.00 0.00 M-2 23,877,000.00 3.~~58250~~83000% 1615,~~682~~904,~~497~~335.1319 5349,~~124~~069.4929 0.00 0.00 BA 5,949,579.80 4.~~58250~~83000% 2,~~951~~627,~~620~~359.2405 1210,~~022~~222.9362 0.00 0.00 BB 4,000,000.00 5.~~43250~~68000% 4,000,000.00 1918,~~315~~302.5622 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,~~199~~140,~~693~~804.2908 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 ~~183~~174,~~404~~849.7677 0.00 3938,~~965~~927,~~661~~013.9943 A-2 0.00 0.00 ~~722~~688,~~692~~981.1588 0.00 ~~165~~161,~~355~~058,~~651~~301.1183 A-3 0.00 0.00 1413,~~555~~876.9397 0.00 3,~~330~~243,~~471~~917.8379 A-4 0.00 0.00 3335,~~946~~526.9232 0.00 1514,~~335~~936,~~101~~564.6095 A-5 0.00 0.00 7366,~~289~~707.1669 0.00 1514,~~335~~936,~~101~~564.6095 M-1 0.00 0.00 8783,~~341~~267.3932 0.00 18,~~555~~073,~~390~~163.7755 M-2 0.00 0.00 5349,~~124~~069.4929 0.00 15,~~904~~491,~~335~~005.1900 BA 0.00 0.00 1210,~~022~~222.9362 0.00 2,~~627~~455,~~359~~123.0578 BB 0.00 0.00 1918,~~315~~302.5622 0.00 4,000,000.00 C 0.00 0.00 ~~219~~210,~~518~~996.0575 0.00 2,785,668.00 P 0.00 0.00 047,287.0004 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,~~419~~399,~~211~~087.3487 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% ~~698~~666.~~68480683~~09436650 32.~~05674600~~91416283 0.00000000 0.00000000 A-2 248,246,584.00 5.00000% ~~698~~666.~~68480676~~09436652 2.~~91118669~~77539320 0.00000000 0.00000000 A-3 5,000,000.00 5.00000% ~~698~~666.~~68480600~~09436600 2.~~91118600~~77539400 0.00000000 0.00000000 A-4 23,022,416.00 2.~~53250~~78000% ~~698~~666.~~68480658~~09436646 1.~~47451597~~54311867 0.00000000 0.00000000 A-5 0.00 5.~~46750~~22000% ~~698~~666.~~68480658~~09436646 32.~~18338266~~89751041 0.00000000 0.00000000 M-1 27,857,000.00 5.38500% ~~698~~666.~~68480669~~09436659 32.~~13534803~~98909861 0.00000000 0.00000000 M-2 23,877,000.00 3.~~58250~~83000% ~~698~~666.~~68480672~~09436655 2.~~22492315~~05508607 0.00000000 0.00000000 BA 5,949,579.80 4.~~58250~~83000% ~~496~~441.~~10566447~~60413648 21.~~02080322~~71820874 0.00000000 0.00000000 BB 4,000,000.00 5.~~43250~~68000% 1000.00000000 4.~~82889000~~57555500 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 32.~~05674600~~91416283 0.00000000 ~~666~~648.~~09436650~~78355717 A-2 0.00000000 0.00000000 2.~~91118669~~77539320 0.00000000 ~~666~~648.~~09436652~~78355720 A-3 0.00000000 0.00000000 2.~~91118600~~77539400 0.00000000 ~~666~~648.~~09436600~~78355800 A-4 0.00000000 0.00000000 1.~~47451597~~54311867 0.00000000 ~~666~~648.~~09436646~~78355729 A-5 0.00000000 0.00000000 32.~~18338266~~89751041 0.00000000 ~~666~~648.~~09436646~~78355729 M-1 0.00000000 0.00000000 32.~~13534803~~98909861 0.00000000 ~~666~~648.~~09436659~~78355710 M-2 0.00000000 0.00000000 2.~~22492315~~05508607 0.00000000 ~~666~~648.~~09436655~~78355740 BA 0.00000000 0.00000000 21.~~02080322~~71820874 0.00000000 ~~441~~412.~~60413648~~65498784 BB 0.00000000 0.00000000 4.~~82889000~~57555500 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0472870.~~00000000~~40000000 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 148,~~433~~352,~~284~~385.4694 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3627,~~012~~399.3357 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 148,~~469~~379,~~296~~785.7951 Withdrawals Reimbursement for Servicer Advances 2236,~~129~~012.6233 Payment of Service Fee 5855,~~506~~804.0609 Payment of Interest and Principal 148,~~388~~287,~~661~~969.1109 Total Withdrawals (Pool Distribution Amount) 148,~~469~~379,~~296~~785.7951 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5855,~~506~~804.0609 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5855,~~506~~804.0609

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 01 0 0 01 0124,347.0088 0.00 0.00 0124,347.0088 30 Days 1610 12 0 0 1712 21,~~870~~304,~~679~~911.2736 ~~237~~347,~~599~~688.2311 0.00 0.00 31,~~108~~652,~~278~~599.5047 60 Days 32 0 0 0 32 ~~387~~448,~~546~~559.7456 0.00 0.00 0.00 ~~387~~448,~~546~~559.7456 90 Days 0 0 01 0 01 0.00 0.00 080,992.0096 0.00 080,992.0096 120 Days 20 0 10 0 30 ~~160,949~~0.0600 0.00 ~~174,408~~0.3600 0.00 ~~335,357~~0.4200 150 Days 1 0 12 0 23 9777,~~818~~455.8063 0.00 ~~105~~257,~~658~~901.1679 0.00 ~~203~~335,~~476~~357.9642 180+ Days 0 1 4 0 56 0~~.00~~ 7 646,574.08 ~~786~~0.00 989,~~495~~972.9490 0.00 1,~~433~~636,~~070~~546.0298 Totals 2214 23 69 0 3026 32,~~516~~477,~~993~~500.8763 ~~884~~472,~~173~~035.3199 1,~~066~~328,~~562~~867.4665 0.00 54,~~467~~278,~~729~~404.6427 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~~094607% 0.000000% 0.000000% 0.~~000000~~094607% 0.~~000000~~047592% 0.000000% 0.000000% 0.~~000000~~047592% 30 Days 10.~~473297~~946074% 0.~~092081~~189215% 0.000000% 0.000000% 1.~~565378~~135289% 10.~~070465~~499434% 0.~~088600~~133072% 0.000000% 0.000000% 10.~~159065~~632506% 60 Days 0.~~276243~~189215% 0.000000% 0.000000% 0.000000% 0.~~276243~~189215% 0.~~144515~~171679% 0.000000% 0.000000% 0.000000% 0.~~144515~~171679% 90 Days 0.000000% 0.000000% 0.~~000000~~094607% 0.000000% 0.~~000000~~094607% 0.000000% 0.000000% 0.~~000000~~030999% 0.000000% 0.~~000000~~030999% 120 Days 0.~~184162~~000000% 0.000000% 0.~~092081~~000000% 0.000000% 0.~~276243~~000000% 0.~~060017~~000000% 0.000000% 0.~~065036~~000000% 0.000000% 0.~~125053~~000000% 150 Days 0.~~092081~~094607% 0.000000% 0.~~092081~~189215% 0.000000% 0.~~184162~~283822% 0.~~036476~~029645% 0.000000% 0.~~039400~~098708% 0.000000% 0.~~075876~~128353% 180+ Days 0.~~000000~~094607% 0.~~092081~~000000% 0.~~368324~~567644% 0.000000% 0.~~460405~~662252% 0.~~000000~~247466% 0.~~241105~~000000% 0.~~293281~~378896% 0.000000% 0.~~534386~~626362% Totals 21.~~025783~~324503% 0.~~184162~~283822% 0.~~552486~~851466% 0.000000% 2.~~762431~~459792% 10.~~311474~~948224% 0.~~329705~~180664% 0.~~397717~~508603% 0.000000% 21.~~038895~~637491%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3627,~~012~~399.3357

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~323864~~306011% Weighted Average Net Coupon 6.~~073864~~056011% Weighted Average Pass-Through Rate 6.~~073864~~056011% Weighted Average Maturity(Stepdown Calculation ) ~~335~~334 Beginning Scheduled Collateral Loan Count 1,~~138~~086 Number Of Loans Paid In Full 5229 Ending Scheduled Collateral Loan Count 1,~~086~~057 Beginning Scheduled Collateral Balance ~~280~~267,~~829~~859,~~089~~639.3255 Ending Scheduled Collateral Balance ~~267~~260,~~859~~970,~~639~~758.5532 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~268~~261,~~171~~278,~~163~~050.7181 Monthly P &I Constant 1,~~809~~726,~~117~~510.0533 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 ~~267~~260,~~859~~970,~~639~~758.5532 Scheduled Principal ~~329~~318,~~179~~905.4942 Unscheduled Principal 126,~~640~~569,~~270~~975.2881 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 ~~219~~255,~~518~~608.0513

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.~~009132~~008678%

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