-----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, TZT0BJVhyUNuyXEuvjg7O7o7WzuRdA/lz+UdyPCCKkeE9bbe/G6MjSadByTsfKif aTBKTdRaGOjtUhME654Xgg== 0001056404-03-001982.txt : 20031104 0001056404-03-001982.hdr.sgml : 20031104 20031104151021 ACCESSION NUMBER: 0001056404-03-001982 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031104 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: 03976027 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_oct.txt OCTOBER 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): October 27, 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 October 27, 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 October 27, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/3/03 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 October 27, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/27/03 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 4.14901% 69,609,256.42 240,674.46 2,297,309.66 A2 07384MAB8 SEN 4.14901% 1,648,591.31 5,700.02 54,408.35 XP 07384MAG7 SEN 4.14901% 100.00 0.34 0.00 R 07384MAC6 SEN 7.55345% 0.00 0.00 0.00 B1 07384MAD4 SUB 4.14901% 1,421,263.92 4,914.03 23,367.69 B2 07384MAE2 SUB 4.14901% 758,007.43 2,620.82 12,462.77 B3 07384MAF9 SUB 4.14901% 758,007.43 2,620.82 12,462.77 B4 07384MAH5 SUB 4.14901% 947,509.28 3,276.02 15,578.46 B5 07384MAJ1 SUB 4.14901% 568,505.57 1,965.61 9,347.08 B6 07384MAK8 SUB 4.14901% 758,094.14 2,621.12 12,464.20 Totals 76,469,335.50 264,393.24 2,437,400.98
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 67,311,946.75 2,537,984.12 0.00 A2 0.00 1,594,182.96 60,108.37 0.00 XP 0.00 100.00 0.34 0.00 R 0.00 0.00 0.00 0.00 B1 0.00 1,397,896.23 28,281.72 0.00 B2 0.00 745,544.66 15,083.59 0.00 B3 0.00 745,544.66 15,083.59 0.00 B4 0.00 931,930.82 18,854.48 0.00 B5 0.00 559,158.49 11,312.69 0.00 B6 0.00 745,629.95 15,085.32 0.00 Totals 0.00 74,031,934.52 2,701,794.22 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 69,609,256.42 70,215.30 2,227,094.36 0.00 0.00 A2 5,359,400.00 1,648,591.31 1,662.94 52,745.40 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 1,421,263.92 1,433.64 21,934.06 0.00 0.00 B2 952,800.00 758,007.43 764.61 11,698.16 0.00 0.00 B3 952,800.00 758,007.43 764.61 11,698.16 0.00 0.00 B4 1,191,000.00 947,509.28 955.76 14,622.70 0.00 0.00 B5 714,600.00 568,505.57 573.46 8,773.62 0.00 0.00 B6 952,909.00 758,094.14 764.69 11,699.50 0.00 0.00 Totals 238,202,709.00 76,469,335.50 77,135.01 2,360,265.96 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 2,297,309.66 67,311,946.75 0.29745549 2,297,309.66 A2 54,408.35 1,594,182.96 0.29745549 54,408.35 XP 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 B1 23,367.69 1,397,896.23 0.78247760 23,367.69 B2 12,462.77 745,544.66 0.78247760 12,462.77 B3 12,462.77 745,544.66 0.78247760 12,462.77 B4 15,578.46 931,930.82 0.78247760 15,578.46 B5 9,347.08 559,158.49 0.78247760 9,347.08 B6 12,464.20 745,629.95 0.78247760 12,464.20 Totals 2,437,400.98 74,031,934.52 0.31079384 2,437,400.98
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 226,292,500.00 307.60743913 0.31028558 9.84166227 0.00000000 A2 5,359,400.00 307.60743927 0.31028473 9.84166138 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 1,786,500.00 795.55774979 0.80248531 12.27767142 0.00000000 B2 952,800.00 795.55775609 0.80248741 12.27766583 0.00000000 B3 952,800.00 795.55775609 0.80248741 12.27766583 0.00000000 B4 1,191,000.00 795.55774979 0.80248531 12.27766583 0.00000000 B5 714,600.00 795.55775259 0.80249090 12.27766583 0.00000000 B6 952,909.00 795.55775001 0.80247957 12.27766765 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 10.15194786 297.45549123 0.29745549 10.15194786 A2 0.00000000 10.15194798 297.45549129 0.29745549 10.15194798 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 13.08015113 782.47759866 0.78247760 13.08015113 B2 0.00000000 13.08015323 782.47760285 0.78247760 13.08015323 B3 0.00000000 13.08015323 782.47760285 0.78247760 13.08015323 B4 0.00000000 13.08015113 782.47759866 0.78247760 13.08015113 B5 0.00000000 13.08015673 782.47759586 0.78247760 13.08015673 B6 0.00000000 13.08015771 782.47760279 0.78247760 13.08015771 (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 A1 226,292,500.00 4.14901% 69,609,256.42 240,674.47 0.00 0.00 A2 5,359,400.00 4.14901% 1,648,591.31 5,700.02 0.00 0.00 XP 100.00 4.14901% 100.00 0.35 0.00 0.00 R 100.00 7.55345% 0.00 0.00 0.00 0.00 B1 1,786,500.00 4.14901% 1,421,263.92 4,914.03 0.00 0.00 B2 952,800.00 4.14901% 758,007.43 2,620.82 0.00 0.00 B3 952,800.00 4.14901% 758,007.43 2,620.82 0.00 0.00 B4 1,191,000.00 4.14901% 947,509.28 3,276.02 0.00 0.00 B5 714,600.00 4.14901% 568,505.57 1,965.61 0.00 0.00 B6 952,909.00 4.14901% 758,094.14 2,621.12 0.00 0.00 Totals 238,202,709.00 264,393.26 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 0.00 240,674.46 0.00 67,311,946.75 A2 0.00 0.00 5,700.02 0.00 1,594,182.96 XP 0.00 0.00 0.34 0.18 100.00 R 0.00 0.00 0.00 0.00 0.00 B1 0.00 0.00 4,914.03 0.00 1,397,896.23 B2 0.00 0.00 2,620.82 0.00 745,544.66 B3 0.00 0.00 2,620.82 0.00 745,544.66 B4 0.00 0.00 3,276.02 0.00 931,930.82 B5 0.00 0.00 1,965.61 0.00 559,158.49 B6 0.00 0.00 2,621.12 0.00 745,629.95 Totals 0.01 0.00 264,393.24 0.18 (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 A1 226,292,500.00 4.14901% 307.60743913 1.06355478 0.00000000 0.00000000 A2 5,359,400.00 4.14901% 307.60743927 1.06355562 0.00000000 0.00000000 XP 100.00 4.14901% 1000.00000000 3.50000000 0.00000000 0.00000000 R 100.00 7.55345% 0.00000000 0.00000000 0.00000000 0.00000000 B1 1,786,500.00 4.14901% 795.55774979 2.75064652 0.00000000 0.00000000 B2 952,800.00 4.14901% 795.55775609 2.75065071 0.00000000 0.00000000 B3 952,800.00 4.14901% 795.55775609 2.75065071 0.00000000 0.00000000 B4 1,191,000.00 4.14901% 795.55774979 2.75064652 0.00000000 0.00000000 B5 714,600.00 4.14901% 795.55775259 2.75064372 0.00000000 0.00000000 B6 952,909.00 4.14901% 795.55775001 2.75065090 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 1.06355474 0.00000000 297.45549123 A2 0.00000000 0.00000000 1.06355562 0.00000000 297.45549129 XP 0.00000000 0.00000000 3.40000000 1.80000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.00000000 2.75064652 0.00000000 782.47759866 B2 0.00000000 0.00000000 2.75065071 0.00000000 782.47760285 B3 0.00000000 0.00000000 2.75065071 0.00000000 782.47760285 B4 0.00000000 0.00000000 2.75064652 0.00000000 782.47759866 B5 0.00000000 0.00000000 2.75064372 0.00000000 782.47759586 B6 0.00000000 0.00000000 2.75065090 0.00000000 782.47760279 (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 2,726,049.91 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,293.33 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,727,343.24 Withdrawals Reimbursement for Servicer Advances 1,333.75 Payment of Service Fee 24,215.27 Payment of Interest and Principal 2,701,794.22 Total Withdrawals (Pool Distribution Amount) 2,727,343.24 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 23,896.66 Trustee Fee 318.61 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 24,215.27
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 0.943396% 0.000000% 0.000000% 0.000000% 0.943396% 0.524098% 0.000000% 0.000000% 0.000000% 0.524098% 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 0.943396% 0.000000% 0.000000% 0.000000% 0.943396% 0.524098% 0.000000% 0.000000% 0.000000% 0.524098%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,293.33
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 6,550,809.00 2.75009960% 5,125,804.81 6.92377543% 93.076361% 96.592494% Class R 6,550,709.00 2.75005762% 5,125,804.81 6.92377543% 0.000000% 0.000000% Class B-1 4,764,109.00 2.00002385% 3,727,808.58 5.03540623% 1.888234% 0.929304% Class B-2 3,811,309.00 1.60002823% 2,982,263.92 4.02834802% 1.007058% 0.495629% Class B-3 2,858,509.00 1.20003262% 2,236,719.26 3.02128981% 1.007058% 0.495629% Class B-4 1,667,509.00 0.70003809% 1,304,788.44 1.76246706% 1.258823% 0.619536% Class B-5 952,909.00 0.40004138% 745,629.95 1.00717341% 0.755294% 0.371722% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.007173% 0.495686% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.529008% Weighted Average Net Coupon 4.154008% Weighted Average Pass-Through Rate 4.149008% Weighted Average Maturity(Stepdown Calculation ) 299 Beginning Scheduled Collateral Loan Count 108 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 106 Beginning Scheduled Collateral Balance 76,469,334.29 Ending Scheduled Collateral Balance 74,031,933.31 Ending Actual Collateral Balance at 30-Sep-2003 74,031,933.31 Monthly P &I Constant 365,743.53 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2,598,092.49 Ending Scheduled Balance for Premium Loans 74,031,933.31 Scheduled Principal 77,135.01 Unscheduled Principal 2,360,265.97
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