-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TLCFeMNNgT2NS1ZCXICAO6cFn9DgFaxSyZ1bMo3Fiu55CfsfGQTBI2VO7eu0hucP QyS+z56PMbfA7XiBObs9VA== 0001056404-03-001840.txt : 20031007 0001056404-03-001840.hdr.sgml : 20031007 20031007082938 ACCESSION NUMBER: 0001056404-03-001840 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2000 2 CENTRAL INDEX KEY: 0001128900 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-51279-08 FILM NUMBER: 03930509 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bst00002.txt SEPTEMBER 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): September 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2000-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-08 52-2267476 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, 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) ITEM 5. Other Events On September 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2000-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2000-2 Trust, relating to the September 25, 2003 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 2000-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2000-2 Trust, relating to the September 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 BST Series: 2000-2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, 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 A1 07384MAA0 SEN 4.18952% 76,405,381.78 266,751.32 6,796,125.36 A2 07384MAB8 SEN 4.18952% 1,809,547.39 6,317.61 160,956.08 XP 07384MAG7 SEN 4.18952% 100.00 12,876.87 0.00 R 07384MAC6 SEN 7.55278% 0.00 0.00 0.00 B1 07384MAD4 SUB 4.18952% 1,485,869.21 5,187.56 64,605.29 B2 07384MAE2 SUB 4.18952% 792,463.58 2,766.70 34,456.15 B3 07384MAF9 SUB 4.18952% 792,463.58 2,766.70 34,456.15 B4 07384MAH5 SUB 4.18952% 990,579.47 3,458.37 43,070.19 B5 07384MAJ1 SUB 4.18952% 594,347.68 2,075.02 25,842.11 B6 07384MAK8 SUB 4.18952% 792,554.24 2,767.02 34,460.09 Totals 83,663,306.93 304,967.17 7,193,971.42
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 69,609,256.42 7,062,876.68 0.00 A2 0.00 1,648,591.31 167,273.69 0.00 XP 0.00 100.00 12,876.87 0.00 R 0.00 0.00 0.00 0.00 B1 0.00 1,421,263.92 69,792.85 0.00 B2 0.00 758,007.43 37,222.85 0.00 B3 0.00 758,007.43 37,222.85 0.00 B4 0.00 947,509.28 46,528.56 0.00 B5 0.00 568,505.57 27,917.13 0.00 B6 0.00 758,094.14 37,227.11 0.00 Totals 0.00 76,469,335.50 7,498,938.59 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) A1 226,292,500.00 76,405,381.78 74,289.57 6,721,835.79 0.00 0.00 A2 5,359,400.00 1,809,547.39 1,759.44 159,196.64 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 B1 1,786,500.00 1,485,869.21 1,444.72 63,160.56 0.00 0.00 B2 952,800.00 792,463.58 770.52 33,685.63 0.00 0.00 B3 952,800.00 792,463.58 770.52 33,685.63 0.00 0.00 B4 1,191,000.00 990,579.47 963.15 42,107.04 0.00 0.00 B5 714,600.00 594,347.68 577.89 25,264.23 0.00 0.00 B6 952,909.00 792,554.24 770.61 33,689.49 0.00 0.00 Totals 238,202,709.00 83,663,306.93 81,346.42 7,112,625.01 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 A1 6,796,125.36 69,609,256.42 0.30760744 6,796,125.36 A2 160,956.08 1,648,591.31 0.30760744 160,956.08 XP 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 B1 64,605.29 1,421,263.92 0.79555775 64,605.29 B2 34,456.15 758,007.43 0.79555776 34,456.15 B3 34,456.15 758,007.43 0.79555776 34,456.15 B4 43,070.19 947,509.28 0.79555775 43,070.19 B5 25,842.11 568,505.57 0.79555775 25,842.11 B6 34,460.09 758,094.14 0.79555775 34,460.09 Totals 7,193,971.42 76,469,335.50 0.32102630 7,193,971.42
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 226,292,500.00 337.63992081 0.32829002 29.70419165 0.00000000 A2 5,359,400.00 337.63992051 0.32829048 29.70419077 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 1,786,500.00 831.72080045 0.80868738 35.35435768 0.00000000 B2 952,800.00 831.72080185 0.80869018 35.35435558 0.00000000 B3 952,800.00 831.72080185 0.80869018 35.35435558 0.00000000 B4 1,191,000.00 831.72079765 0.80869018 35.35435768 0.00000000 B5 714,600.00 831.72079485 0.80869018 35.35436608 0.00000000 B6 952,909.00 831.72080440 0.80869212 35.35436227 0.00000000 All denominations are Per $1000.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 30.03248168 307.60743913 0.30760744 30.03248168 A2 0.00000000 30.03248125 307.60743927 0.30760744 30.03248125 XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 36.16305066 795.55774979 0.79555775 36.16305066 B2 0.00000000 36.16304576 795.55775609 0.79555776 36.16304576 B3 0.00000000 36.16304576 795.55775609 0.79555776 36.16304576 B4 0.00000000 36.16304786 795.55774979 0.79555775 36.16304786 B5 0.00000000 36.16304226 795.55775259 0.79555775 36.16304226 B6 0.00000000 36.16304390 795.55775001 0.79555775 36.16304390 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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 A1 226,292,500.00 4.18952% 76,405,381.78 266,751.33 0.00 0.00 A2 5,359,400.00 4.18952% 1,809,547.39 6,317.61 0.00 0.00 XP 100.00 4.18952% 100.00 0.35 0.00 0.00 R 100.00 7.55278% 0.00 0.00 0.00 0.00 B1 1,786,500.00 4.18952% 1,485,869.21 5,187.56 0.00 0.00 B2 952,800.00 4.18952% 792,463.58 2,766.70 0.00 0.00 B3 952,800.00 4.18952% 792,463.58 2,766.70 0.00 0.00 B4 1,191,000.00 4.18952% 990,579.47 3,458.37 0.00 0.00 B5 714,600.00 4.18952% 594,347.68 2,075.02 0.00 0.00 B6 952,909.00 4.18952% 792,554.24 2,767.02 0.00 0.00 Totals 238,202,709.00 292,090.66 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 A1 0.01 0.00 266,751.32 0.00 69,609,256.42 A2 0.00 0.00 6,317.61 0.00 1,648,591.31 XP 0.00 0.00 12,876.87 0.18 100.00 R 0.00 0.00 0.00 0.00 0.00 B1 0.00 0.00 5,187.56 0.00 1,421,263.92 B2 0.00 0.00 2,766.70 0.00 758,007.43 B3 0.00 0.00 2,766.70 0.00 758,007.43 B4 0.00 0.00 3,458.37 0.00 947,509.28 B5 0.00 0.00 2,075.02 0.00 568,505.57 B6 0.00 0.00 2,767.02 0.00 758,094.14 Totals 0.01 0.00 304,967.17 0.18 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, 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 A1 226,292,500.00 4.18952% 337.63992081 1.17878997 0.00000000 0.00000000 A2 5,359,400.00 4.18952% 337.63992051 1.17879054 0.00000000 0.00000000 XP 100.00 4.18952% 1000.00000000 3.50000000 0.00000000 0.00000000 R 100.00 7.55278% 0.00000000 0.00000000 0.00000000 0.00000000 B1 1,786,500.00 4.18952% 831.72080045 2.90375595 0.00000000 0.00000000 B2 952,800.00 4.18952% 831.72080185 2.90375735 0.00000000 0.00000000 B3 952,800.00 4.18952% 831.72080185 2.90375735 0.00000000 0.00000000 B4 1,191,000.00 4.18952% 831.72079765 2.90375315 0.00000000 0.00000000 B5 714,600.00 4.18952% 831.72079485 2.90375035 0.00000000 0.00000000 B6 952,909.00 4.18952% 831.72080440 2.90376101 0.00000000 0.00000000 All denominations are Per $1000.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000004 0.00000000 1.17878993 0.00000000 307.60743913 A2 0.00000000 0.00000000 1.17879054 0.00000000 307.60743927 XP 0.00000000 0.00000000 128768.70000000 1.80000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.00000000 2.90375595 0.00000000 795.55774979 B2 0.00000000 0.00000000 2.90375735 0.00000000 795.55775609 B3 0.00000000 0.00000000 2.90375735 0.00000000 795.55775609 B4 0.00000000 0.00000000 2.90375315 0.00000000 795.55774979 B5 0.00000000 0.00000000 2.90375035 0.00000000 795.55775259 B6 0.00000000 0.00000000 2.90376101 0.00000000 795.55775001 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,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 7,524,098.22 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,333.75 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,525,431.97 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 26,493.38 Payment of Interest and Principal 7,498,938.59 Total Withdrawals (Pool Distribution Amount) 7,525,431.97 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 0.00
SERVICING FEES Gross Servicing Fee 26,144.78 Trustee Fee 348.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 26,493.38
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 1 0 0 0 1 388,000.00 0.00 0.00 0.00 388,000.00 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 1 0 0 0 1 388,000.00 0.00 0.00 0.00 388,000.00 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 0.925926% 0.000000% 0.000000% 0.000000% 0.925926% 0.507393% 0.000000% 0.000000% 0.000000% 0.507393% 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 0.925926% 0.000000% 0.000000% 0.000000% 0.925926% 0.507393% 0.000000% 0.000000% 0.000000% 0.507393%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,333.75
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 6,550,809.00 2.75009960% 5,211,487.77 6.81513422% 93.184998% 96.743922% Class R 6,550,709.00 2.75005762% 5,211,487.77 6.81513422% 0.000000% 0.000000% Class B-1 4,764,109.00 2.00002385% 3,790,123.85 4.95639708% 1.858606% 0.888006% Class B-2 3,811,309.00 1.60002823% 3,032,116.42 3.96514034% 0.991257% 0.473603% Class B-3 2,858,509.00 1.20003262% 2,274,108.99 2.97388360% 0.991257% 0.473603% Class B-4 1,667,509.00 0.70003809% 1,326,599.71 1.73481268% 1.239071% 0.592004% Class B-5 952,909.00 0.40004138% 758,094.14 0.99137013% 0.743443% 0.355203% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.991370% 0.473658% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.569516% Weighted Average Net Coupon 4.194516% Weighted Average Pass-Through Rate 4.189516% Weighted Average Maturity(Stepdown Calculation ) 300 Beginning Scheduled Collateral Loan Count 117 Number Of Loans Paid In Full 9 Ending Scheduled Collateral Loan Count 108 Beginning Scheduled Collateral Balance 83,663,305.72 Ending Scheduled Collateral Balance 76,469,334.29 Ending Actual Collateral Balance at 31-Aug-2003 76,469,334.29 Monthly P &I Constant 399,930.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,230,150.38 Ending Scheduled Balance for Premium Loans 76,469,334.29 Scheduled Principal 81,346.41 Unscheduled Principal 7,112,625.02
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