8-K 1 bsa03003_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 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-10 54-2126362 Pooling and Servicing Agreement) (Commission 54-2126363 (State or other File Number) 54-2126364 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 2003-3 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 2003-3 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 ASSET BACKED SECURITIES TRUST Asset Backed 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-3 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: 2003-3 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 A-1 07384YLR5 SEN 2.~~13250~~38000% 9790,~~732~~542,~~833~~120.2082 185,~~258~~561.0105 76,~~190~~672,~~712~~411.3808 A-IO 07384YLT1 SEN 5.00000% 0.00 114,770.83 0.00 A-2 07384YLS3 SEN 2.~~52250~~77000% 43,840,000.00 98104,~~299~~570.0257 0.00 M-1 07384YLU8 MEZ 23.~~75250~~00000% 16,527,000.00 4042,~~436~~694.0675 0.00 M-2 07384YLV6 MEZ 34.~~93250~~18000% 15,150,000.00 5254,~~957~~531.6658 0.00 B 07384YLW4 SUB 5.~~43250~~68000% 9,641,000.00 4647,~~555~~155.3220 0.00 B-IO 07384YMZ6 SUB 0.00000% 0.00 ~~820~~644,~~328~~281.3198 0.00 R-1 07384YLX2 RES 0.00000% 0.00 0.00 0.00 R-2 07384YLY0 RES 0.00000% 0.00 0.00 0.00 R-3 07384YLZ7 RES 0.00000% 0.00 0.00 0.00 OC BSA0303OC OC 0.00000% 8,539,085.13 0.00 0.00 Totals ~~191~~184,~~429~~239,~~918~~205.3395 1,~~358~~193,~~605~~565.2196 76,~~190~~672,~~712~~411.3808

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9083,~~542~~869,~~120~~709.8274 76,~~375~~857,~~970~~972.3913 0.00 A-IO 0.00 0.00 114,770.83 0.00 A-2 0.00 43,840,000.00 98104,~~299~~570.0257 0.00 M-1 0.00 16,527,000.00 4042,~~436~~694.0675 0.00 M-2 0.00 15,150,000.00 5254,~~957~~531.6658 0.00 B 0.00 9,641,000.00 4647,~~555~~155.3220 0.00 B-IO 0.00 0.00 ~~820~~644,~~328~~281.3198 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 OC 0.00 8,539,085.13 0.00 0.00 Totals 0.00 ~~184~~177,~~239~~566,~~205~~794.9587 87,~~549~~865,~~317~~977.5904 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-1 190,296,000.00 9790,~~732~~542,~~833~~120.2082 0.00 76,~~190~~672,~~712~~411.3808 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-2 43,840,000.00 43,840,000.00 0.00 0.00 0.00 0.00 M-1 16,527,000.00 16,527,000.00 0.00 0.00 0.00 0.00 M-2 15,150,000.00 15,150,000.00 0.00 0.00 0.00 0.00 B 9,641,000.00 9,641,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 OC 359.01 8,539,085.13 0.00 0.00 0.00 0.00 Totals 275,454,509.01 ~~191~~184,~~429~~239,~~918~~205.3395 0.00 76,~~190~~672,~~712~~411.3808 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 76,~~190~~672,~~712~~411.3808 9083,~~542~~869,~~120~~709.8274 0.~~47579624~~44073291 76,~~190~~672,~~712~~411.3808 A-IO 0.00 0.00 0.00000000 0.00 A-2 0.00 43,840,000.00 1.00000000 0.00 M-1 0.00 16,527,000.00 1.00000000 0.00 M-2 0.00 15,150,000.00 1.00000000 0.00 B 0.00 9,641,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 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 OC 0.00 8,539,085.13 23,785.08991393 0.00 Totals 76,~~190~~672,~~712~~411.3808 ~~184~~177,~~239~~566,~~205~~794.9587 0.~~66885529~~64463201 76,~~190~~672,~~712~~411.3808

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 190,296,000.00 ~~513~~475.~~58322403~~79623755 0.00000000 3735.~~78698648~~06332808 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 43,840,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 16,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,641,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 359.01 23785089.91393000 0.00000000 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 A-1 0.00000000 3735.~~78698648~~06332808 ~~475~~440.~~79623755~~73290947 0.~~47579624~~44073291 3735.~~78698648~~06332808 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 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 OC 0.00000000 0.00000000 23,785,089.91393000 23785.08991393 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-1 190,296,000.00 2.~~13250~~38000% 9790,~~732~~542,~~833~~120.2082 185,~~258~~561.0105 0.00 0.00 A-IO 0.00 5.00000% 27,545,000.00 114,770.83 0.00 0.00 A-2 43,840,000.00 2.~~52250~~77000% 43,840,000.00 98104,~~299~~570.0258 0.00 0.00 M-1 16,527,000.00 23.~~75250~~00000% 16,527,000.00 4042,~~436~~694.0675 0.00 0.00 M-2 15,150,000.00 34.~~93250~~18000% 15,150,000.00 5254,~~957~~531.6758 0.00 0.00 B 9,641,000.00 5.~~43250~~68000% 9,641,000.00 4647,~~555~~155.3220 0.00 0.00 B-IO 0.00 0.00000% ~~191~~184,~~429~~239,~~918~~205.3395 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 OC 359.01 0.00000% 8,539,085.13 0.00 0.00 0.00 Totals 275,454,509.01 ~~538~~549,~~276~~283.9199 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 0.00 185,~~258~~561.0105 0.00 9083,~~542~~869,~~120~~709.8274 A-IO 0.00 0.00 114,770.83 0.00 27,545,000.00 A-2 0.00 0.00 98104,~~299~~570.0257 0.00 43,840,000.00 M-1 0.00 0.00 4042,~~436~~694.0675 0.00 16,527,000.00 M-2 0.00 0.00 5254,~~957~~531.6658 0.00 15,150,000.00 B 0.00 0.00 4647,~~555~~155.3220 0.00 9,641,000.00 B-IO 0.00 0.00 ~~820~~644,~~328~~281.3198 0.00 ~~184~~177,~~239~~566,~~205~~794.9587 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 OC 0.00 0.00 0.00 0.00 8,539,085.13 Totals 0.00 0.00 1,~~358~~193,~~605~~565.2196 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-1 190,296,000.00 2.~~13250~~38000% ~~513~~475.~~58322403~~79623755 0.~~97352551~~97511797 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666655 0.00000000 0.00000000 A-2 43,840,000.00 2.~~52250~~77000% 1000.00000000 2.~~24222217~~38527783 0.00000000 0.00000000 M-1 16,527,000.00 23.~~75250~~00000% 1000.00000000 2.~~44666667~~58333333 0.00000000 0.00000000 M-2 15,150,000.00 34.~~93250~~18000% 1000.00000000 3.~~49555578~~59944422 0.00000000 0.00000000 B 9,641,000.00 5.~~43250~~68000% 1000.00000000 4.~~82888912~~89111088 0.00000000 0.00000000 B-IO 0.00 0.00000% ~~694~~668.~~96056994~~85565584 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 359.01 0.00000% 23785089.91393000 0.00000000 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 A-1 0.00000000 0.00000000 0.~~97352551~~97511797 0.00000000 ~~475~~440.~~79623755~~73290947 A-IO 0.00000000 0.00000000 4.16666655 0.00000000 1000.00000000 A-2 0.00000000 0.00000000 2.~~24222217~~38527760 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~44666667~~58333333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~49555512~~59944422 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~82888912~~89111088 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 2.~~97809159~~33897907 0.00000000 ~~668~~644.~~85565584~~63236490 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 OC 0.00000000 0.00000000 0.00000000 0.00000000 23785089.91393000 (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 8,~~633~~078,~~677~~169.2040 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~302~~299,~~669~~630.3536 Realized Loss (Gains, Subsequent Expenses & Recoveries) (16130,~~874~~851.5271) Prepayment Penalties 0.00 Total Deposits 8,~~919~~246,~~472~~948.0305 Withdrawals Reimbursement for Servicer Advances ~~288~~302,~~796~~669.7135 Payment of Service Fee 8178,~~357~~301.7366 Payment of Interest and Principal 87,~~549~~865,~~317~~977.5904 Total Withdrawals (Pool Distribution Amount) 8,~~919~~246,~~472~~948.0305 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7976,~~762~~766.4734 Master Servicing Fee 1,~~595~~535.2632 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8178,~~357~~301.7366

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 ~~120~~117 0 0 ~~120~~117 65,~~258~~999,~~600~~507.1054 0.00 0.00 65,~~258~~999,~~600~~507.1054 30 Days ~~171~~178 1011 43 0 ~~185~~192 910,~~401~~143,~~199~~877.2176 ~~414~~515,~~332~~046.6795 ~~346~~69,~~945~~318.1332 0.00 10,~~162~~728,~~477~~243.0103 60 Days 6059 8 34 0 71 3,~~737~~112,~~701~~789.9176 ~~380~~413,~~830~~648.6564 ~~153~~386,~~428~~526.7546 0.00 43,~~271~~912,~~961~~964.3186 90 Days 3121 159 1516 0 6146 1,~~971~~367,~~742~~243.0623 1477,~~005,810~~889.3348 1,~~303~~947,~~712~~602.1652 0.00 43,~~281~~792,~~264~~735.5523 120 Days 914 613 2117 0 3644 ~~362~~831,~~258~~872.1117 ~~241~~1,~~168~~255,379.5277 21,~~105~~150,~~722~~371.2573 0.00 23,~~709~~237,~~148~~623.8867 150 Days 59 69 711 2 2031 ~~678~~360,~~877~~536.3224 ~~941~~788,~~286~~516.3983 ~~676~~904,~~965~~020.6106 ~~246~~53,~~090~~857.3049 2,~~543~~106,~~219~~930.62 180+ Days 2725 40 5249 1416 ~~133~~130 1,~~472~~583,~~000~~520.9197 2,~~588~~464,~~990~~596.6817 43,~~333~~906,~~206~~878.9425 1,~~138~~468,~~641~~095.1292 9,~~532~~423,~~839~~091.6531 Totals ~~303~~306 ~~205~~207 ~~102~~100 1618 ~~626~~631 17,~~623~~399,~~779~~840.5213 11,~~831~~914,~~019~~585.3438 8,~~919~~364,~~980~~717.8434 1,~~384~~521,~~731~~953.4241 39,~~759~~201,~~511~~096.1226 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 4.~~071938~~069565% 0.000000% 0.000000% 4.~~071938~~069565% 3.~~387569~~369035% 0.000000% 0.000000% 3.~~387569~~369035% 30 Days 56.~~802511~~191304% 0.~~339328~~382609% 0.~~135731~~104348% 0.000000% 6.~~277570~~678261% 5.~~088552~~696314% 0.~~224264~~289226% 0.~~187790~~038926% 0.000000% 56.~~500606~~024465% 60 Days 2.~~035969~~052174% 0.~~271463~~278261% 0.~~101798~~139130% 0.000000% 2.~~409230~~469565% 21.~~023092~~747993% 0.~~206131~~232285% 0.~~083046~~217055% 0.000000% 2.~~312269~~197333% 90 Days 10.~~051917~~730435% 0.~~508992~~313043% 0.~~508992~~556522% 0.000000% 21.~~069902~~600000% 10.~~067237~~767778% 0.~~544411~~268360% 01.~~705655~~093680% 0.000000% 2.~~317304~~129818% 120 Days 0.~~305395~~486957% 0.~~203597~~452174% 0.~~712589~~591304% 0.000000% 1.~~221581~~530435% 0.~~196078~~467139% 0.~~130536~~704961% 10.~~139756~~645993% 0.000000% 1.~~466371~~818094% 150 Days 0.~~169664~~313043% 0.~~203597~~313043% 0.~~237530~~382609% 0.~~067866~~069565% 01.~~678656~~078261% 0.~~367453~~202460% 0.~~509487~~442793% 0.~~366419~~507654% 0.~~133200~~030244% 1.~~376559~~183151% 180+ Days 0.~~916186~~869565% 1.~~357313~~391304% 1.~~764506~~704348% 0.~~475059~~556522% 4.~~513064~~521739% 0.~~796744~~889229% 1.~~401333~~383999% 2.~~345419~~193915% 0.~~616308~~824412% 5.~~159805~~291555% Totals 10.~~281642~~643478% 67.~~956227~~200000% 3.~~461147~~478261% 0.~~542925~~626087% 21.~~241941~~947826% 9.~~539157~~770913% 6.~~403732~~690658% 4.~~828085~~697223% 0.~~749508~~854656% 2122.~~520482~~013449%

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 4946 0 0 4946 21,~~029~~945,~~127~~873.1028 0.00 0.00 21,~~029~~945,~~127~~873.1028 30 Days 7067 67 21 0 7875 2,~~639~~698,~~391~~390.8813 ~~238~~276,~~551~~576.0778 3415,~~796~~831.9860 0.00 2,~~912~~990,~~739~~798.9351 60 Days 2225 36 1 0 2632 1,~~383~~225,~~074~~751.1493 ~~106~~197,~~002~~350.1557 25,~~172~~008.7837 0.00 1,~~514~~448,~~249~~110.0787 90 Days 127 84 63 0 2614 ~~723~~514,~~524~~224.9461 ~~372~~229,~~567~~621.2527 ~~369~~83,~~906~~714.6891 0.00 1827,~~465,998~~560.8779 120 Days 64 67 48 0 1619 ~~202~~159,~~700~~263.3363 ~~241~~682,~~168~~897.5240 76421,~~698~~900.5330 0.00 ~~520~~1,~~567~~264,061.3833 150 Days 37 47 4 2 131 ~~370~~17 213,~~754~~904.5511 ~~416~~264,~~581~~176.4515 ~~336~~62,~~238~~814.6234 ~~246~~18,~~090~~302.3026 1559,~~369,664~~196.9286 180 Days 1513 1819 15 5 5352 ~~620~~536,~~918~~199.3807 ~~897~~903,~~023~~174.3221 1,~~076~~067,~~337~~385.8992 ~~327~~515,~~848~~808.7870 23,~~922~~022,~~128~~567.3790 Totals ~~128~~123 9496 3230 76 ~~261~~255 5,~~940~~347,~~364~~733.2248 4,~~301~~499,~~020~~669.8666 1,~~919~~676,~~151~~655.4844 ~~573~~534,~~939~~110.0896 12,~~734~~058,~~475~~169.6454 0-29 Days 3.~~667665~~560372% 0.000000% 0.000000% 3.~~667665~~560372% 2.~~649698~~690101% 0.000000% 0.000000% 2.~~649698~~690101% 30 Days 5.~~239521~~185759% 0.~~449102~~541796% 0.~~149701~~077399% 0.000000% 5.~~838323~~804954% 3.~~446602~~730429% 0.~~311508~~382358% 0.~~045439~~021887% 0.000000% 34.~~803548~~134673% 60 Days 1.~~646707~~934985% 0.~~224551~~464396% 0.~~074850~~077399% 0.000000% 12.~~946108~~476780% 1.~~806062~~694559% 0.~~138421~~272830% 0.~~032871~~034573% 0.000000% 12.~~977354~~001962% 90 Days 0.~~898204~~541796% 0.~~598802~~309598% 0.~~449102~~232198% 0.000000% 1.~~946108~~083591% 0.~~944802~~710897% 0.~~486510~~317443% 0.~~483036~~115733% 0.000000% 1.~~914348~~144073% 120 Days 0.~~449102~~309598% 0.~~449102~~541796% 0.~~299401~~619195% 0.000000% 1.~~197605~~470588% 0.~~264693~~220176% 0.~~314925~~944081% 0.~~100155~~583262% 0.000000% 01.~~679773~~747520% 150 Days 0.~~224551~~541796% 0.~~299401~~541796% 0.~~299401~~154799% 0.~~149701~~077399% 01.~~973054~~315789% 0.~~484143~~295715% 0.~~543985~~365214% 0.~~439071~~086839% 0.~~321353~~025302% 10.~~788552~~773070% 180 Days 1.~~122754~~006192% 1.~~347305~~470588% 1.~~122754~~160991% 0.~~374251~~386997% 34.~~967066~~024768% 0.~~810815~~741276% 1.~~171361~~248606% 1.~~405516~~475623% 0.~~428115~~713087% 34.~~815808~~178593% Totals 9.~~580838~~520124% 7.~~035928~~430341% 2.~~395210~~321981% 0.~~523952~~464396% 19.~~535928~~736842% 7.~~757116~~393052% 56.~~616409~~220634% 2.~~506089~~317917% 0.~~749468~~738389% 16.~~629082~~669992% 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 71 0 0 71 4,~~229~~053,~~473~~634.0026 0.00 0.00 4,~~229~~053,~~473~~634.0026 30 Days ~~101~~111 4 2 0 ~~107~~117 67,~~761~~445,~~807~~487.3363 ~~175~~238,~~781~~470.6017 ~~312~~53,~~148~~486.1572 0.00 7,~~249,~~737,444.0852 60 Days 3834 5 2 3 0 4539 21,~~354~~887,~~627~~037.7783 ~~274~~216,~~828~~298.5007 ~~128~~361,~~255~~518.9709 0.00 2,~~757~~464,~~712~~853.2499 90 Days 1914 75 913 0 3532 1853,~~248,217~~018.1262 ~~633~~248,~~243~~268.0821 ~~933~~1,~~805~~863,887.4861 0.00 2,~~815~~965,~~265~~174.6844 120 Days 310 06 179 0 2025 ~~159~~672,~~557~~608.7854 0572,482.0037 2728,~~029,023~~471.7243 0.00 21,~~188~~973,~~581~~562.5034 150 Days 2 2 39 01 714 ~~308~~146,~~122~~632.7713 524,~~704~~340.9468 ~~340~~841,~~726~~205.9972 035,555.0023 1,~~173~~547,~~554~~733.7076 180 Days 12 2221 3734 911 8078 ~~851~~1,~~082~~047,321.5390 1,~~691~~561,~~967~~421.3696 32,~~256~~839,~~869~~492.0533 ~~810~~952,~~792~~287.3422 6,~~610~~400,~~711~~523.2841 Totals ~~175~~183 111 70 912 ~~365~~376 1112,~~683~~052,~~415~~106.3065 7,~~529~~414,~~998~~915.4872 76,~~000~~688,~~829~~061.3690 ~~810~~987,~~792~~842.3445 27,~~025~~142,~~035~~926.4872 0-29 Days 4.~~407200~~485155% 0.000000% 0.000000% 4.~~407200~~485155% 3.~~909937~~833465% 0.000000% 0.000000% 3.~~909937~~833465% 30 Days 67.~~269398~~012003% 0.~~248293~~252685% 0.~~124146~~126342% 0.000000% 67.~~641837~~391030% 67.~~250954~~041093% 0.~~162501~~225518% 0.~~288565~~050582% 0.000000% 67.~~702021~~317192% 60 Days 2.~~358783~~147821% 0.~~310366~~126342% 0.~~124146~~189514% 0.000000% 2.~~793296~~463677% 21.~~176736~~784545% 0.~~254065~~204550% 0.~~118566~~341883% 0.000000% 2.~~549368~~330978% 90 Days 10.~~179392~~884397% 0.~~434513~~315856% 0.~~558659~~821226% 0.000000% 2.~~172564~~021478% 10.~~153915~~806688% 0.~~585402~~234784% 01.~~863257~~762652% 0.000000% 2.~~602573~~804124% 120 Days 0.~~186220~~631712% 0.~~000000~~379027% 10.~~055245~~568541% 0.000000% 1.~~241465~~579280% 0.~~147503~~636076% 0.~~000000~~541389% 10.~~875731~~688905% 0.000000% 21.~~023235~~866370% 150 Days 0.~~124146~~126342% 0.~~124146~~126342% 0.~~186220~~568541% 0.~~000000~~063171% 0.~~434513~~884397% 0.~~284844~~138668% 0.~~485064~~495862% 0.~~314985~~795516% 0.~~000000~~033624% 1.~~084893~~463670% 180 Days 0.~~744879~~758054% 1.~~365611~~326595% 2.~~296710~~147821% 0.~~558659~~694883% 4.~~965860~~927353% 0.~~786783~~990438% 1.~~564140~~476615% 32.~~010813~~685268% 0.~~749537~~900565% 6.~~111273~~052885% Totals 1011.~~862818~~560328% 67.~~890130~~012003% 4.~~345127~~421984% 0.~~558659~~758054% 2223.~~656735~~752369% 1011.~~800736~~397507% 67.~~961109~~012181% 6.~~471918~~324806% 0.~~749537~~934189% 2425.~~983299~~668683%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~302~~299,~~669~~630.3536

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 9.~~132350~~136999% Weighted Average Net Coupon 8.~~632350~~636999% Weighted Average Pass-Through Rate 8.~~622350~~626999% Weighted Average Maturity(Stepdown Calculation ) ~~266~~265 Beginning Scheduled Collateral Loan Count 32,~~028~~947 Number Of Loans Paid In Full 8172 Ending Scheduled Collateral Loan Count 2,~~947~~875 Beginning Scheduled Collateral Balance ~~191~~184,~~429~~239,~~918~~205.3395 Ending Scheduled Collateral Balance ~~184~~177,~~239~~566,~~205~~794.9587 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~184~~178,~~751~~077,~~950~~937.3520 Monthly P &I Constant 1,~~758~~698,~~586~~436.0228 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 16130,~~874~~851.5271 Cumulative Realized Loss ~~673~~804,~~690~~541.0879 Ending Scheduled Balance for Premium Loans ~~184~~177,~~239~~566,~~205~~794.9587 Scheduled Principal ~~301~~295,~~748~~608.5639 Unscheduled Principal 6,~~888~~376,~~963~~802.8269 Required Overcollateralization Amount 8,539,085.13 Overcollateralized Increase Amount 0127,885.0019 Overcollateralized reduction Amount ~~2,858~~0.4400 Specified O/C Amount 8,539,085.13 Overcollateralized Amount 8,539,085.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0127,885.0019 Excess Cash Amount ~~837~~775,~~202~~133.8268

Miscellaneous Reporting Three Month Rolling 89.~~856463~~334005% Trigger Event NO Yield Maintenance Amount 0

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.~~262370~~225627 9.~~039609~~074308 9.~~132350~~136999 Weighted Average Net Rate 8.~~762370~~725628 8.~~539609~~574308 8.~~632350~~636999 Weighted Average Maturity ~~246~~245 ~~281~~280 ~~266~~265 Beginning Loan Count 1,~~387~~336 1,~~641~~611 32,~~028~~947 Loans Paid In Full 5144 3028 8172 Ending Loan Count 1,~~336~~292 1,~~611~~583 2,~~947~~875 Beginning Scheduled Balance 7976,~~696~~329,~~631~~503.4295 ~~111~~107,~~733~~909,~~286~~702.9100 ~~191~~184,~~429~~239,~~918~~205.3395 Ending scheduled Balance 7672,~~329~~091,~~503~~222.9561 ~~107~~105,~~909~~475,~~702~~572.0026 ~~184~~177,~~239~~566,~~205~~794.9587 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~775~~744,~~470~~585.5968 ~~983~~953,~~115~~850.4360 1,~~758~~698,~~586~~436.0228 Scheduled Principal ~~160~~157,~~320~~762.8671 ~~141~~137,~~427~~845.7068 ~~301~~295,~~748~~608.5639 Unscheduled Principal 34,~~206~~080,~~806~~518.6163 32,~~682~~296,~~157~~284.2106 6,~~888~~376,~~963~~802.8269 Scheduled Interest ~~615~~586,~~149~~822.7397 ~~841~~816,~~687~~004.7392 1,~~456~~402,~~837~~827.4689 Servicing Fees 3331,~~206~~803.9395 4644,~~555~~962.5439 7976,~~762~~766.4734 Master Servicing Fees ~~664~~636.1409 ~~931~~899.1223 1,~~595~~535.2632 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~581~~554,~~278~~382.6693 ~~794~~770,~~201~~143.0730 1,~~375~~324,~~479~~526.7323 Realized Loss Amount 544,~~903~~114.4979 1086,~~971~~736.0392 16130,~~874~~851.5271 Cumulative Realized Loss ~~582~~626,~~750~~865.8362 90177,~~939~~676.2517 ~~673~~804,~~690~~541.0879 Percentage of Cumulative Losses 0.~~4951~~5326 0.~~0576~~1126 0.~~2446~~2921 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~752370~~715627 8.~~529609~~564308 8.~~622350~~626999

Filing Compare · BEAR STEARNS ASSET BACK SECURITIES TRUST 2003-3