-----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, CmXTFkKU2o5oZYzDI90bV8iWLIxDNF5RdWljB1XF4A4+plQ7dI2S4yzUDyIrrwTa MiNIs3UBB8bBjye2PpgTWw== 0001056404-02-000320.txt : 20020415 0001056404-02-000320.hdr.sgml : 20020415 ACCESSION NUMBER: 0001056404-02-000320 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020225 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-2 CENTRAL INDEX KEY: 0001137526 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56240-01 FILM NUMBER: 02568829 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 bst01002.txt FEB 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): February 25, 2002 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-01 Pooling and Servicing Agreement) (Commission (State or other File Number) Pending jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (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 February 25, 2002 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-2 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 2001-2 Trust, relating to the February 25, 2002 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 2001-2 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 3/5/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-2 Trust, relating to the February 25, 2002 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 1/31/02 Distribution Date: 2/25/02 BST Series: 2001-2 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 1-A-1 07384MBQ4 Sen 6.99414% 90,989,307.69 530,326.74 11,157,024.79 1-X-1 07384MBR2 Sen 0.50600% 0.00 38,367.16 0.00 1-A-2 07384MBS0 Sen 8.08226% 17,165,191.00 115,611.26 3,278,177.94 1-A-3 07384MBT8 Sen 8.06499% 12,015,118.67 80,751.47 1,285,956.78 2-A-1 07384MBZ4 Sen 6.92867% 459,631,700.51 2,653,863.82 50,347,175.24 2-A-2A 07384MCA8 Sen 5.66767% 0.00 0.00 0.00 2-A-2B 07384MCB6 Sen 5.86767% 81,399,768.85 398,022.52 24,893,456.96 2-A-2C 07384MCC4 Sen 5.95000% 145,858,700.00 723,216.05 0.00 2-X-2 07384MCD2 Sen 1.00816% 0.00 190,927.30 0.00 1-B-1 07384MBW1 Sub 7.64983% 4,367,349.30 27,841.23 279,451.29 1-B-2 07384MBX9 Sub 7.64983% 3,639,287.09 23,199.93 232,865.16 1-B-3 07384MBY7 Sub 7.64983% 1,892,533.55 12,064.63 121,096.55 1-B-4 07384MCK6 Sub 7.64983% 1,310,251.34 8,352.66 83,838.37 1-B-5 07384MCL4 Sub 7.64983% 1,018,970.60 6,495.79 65,200.34 1-B-6 07384MCM2 Sub 7.64983% 873,613.83 5,569.16 55,899.47 R-1 BST0102RI Res 7.50014% 0.00 0.00 0.00 R-2 07384MBU5 Res 7.50014% 0.00 0.00 0.00 R-X 07384MBV3 Res 0.00000% 0.00 19,712.34 0.00 2-B-1 07384MCG5 Sub 6.92867% 11,847,348.66 68,405.31 641,153.69 2-B-2 07384MCH3 Sub 6.92867% 5,183,184.07 29,927.15 280,503.06 2-B-3 07384MCJ9 Sub 6.92867% 5,183,184.07 29,927.15 280,503.06 2-B-4 07384MCN0 Sub 6.92867% 4,442,743.36 25,651.92 240,431.96 2-B-5 07384MCP5 Sub 6.92867% 1,480,881.42 8,550.45 80,142.20 2-B-6 07384MCQ3 Sub 6.92867% 1,481,015.20 8,551.22 80,149.44 Totals 849,780,149.21 5,005,335.26 93,403,026.30
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 79,832,282.90 11,687,351.53 0.00 1-X-1 0.00 0.00 38,367.16 0.00 1-A-2 0.00 13,887,013.07 3,393,789.20 0.00 1-A-3 0.00 10,729,161.89 1,366,708.25 0.00 2-A-1 0.00 409,284,525.27 53,001,039.06 0.00 2-A-2A 0.00 0.00 0.00 0.00 2-A-2B 0.00 56,506,311.89 25,291,479.48 0.00 2-A-2C 0.00 145,858,700.00 723,216.05 0.00 2-X-2 0.00 0.00 190,927.30 0.00 1-B-1 0.00 4,087,898.01 307,292.52 0.00 1-B-2 0.00 3,406,421.93 256,065.09 0.00 1-B-3 0.00 1,771,436.99 133,161.18 0.00 1-B-4 0.00 1,226,412.97 92,191.03 0.00 1-B-5 0.00 953,770.26 71,696.13 0.00 1-B-6 0.00 817,714.36 61,468.63 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-X 0.00 0.00 19,712.34 0.00 2-B-1 0.00 11,206,194.97 709,559.00 0.00 2-B-2 0.00 4,902,681.01 310,430.21 0.00 2-B-3 0.00 4,902,681.01 310,430.21 0.00 2-B-4 0.00 4,202,311.40 266,083.88 0.00 2-B-5 0.00 1,400,739.22 88,692.65 0.00 2-B-6 0.00 1,400,865.76 88,700.66 0.00 Totals 0.00 756,377,122.91 98,408,361.56 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) 1-A-1 219,828,300.00 90,989,307.69 79,639.64 11,077,385.15 0.00 0.00 1-X-1 0.00 0.00 0.00 0.00 0.00 0.00 1-A-2 58,424,200.00 17,165,191.00 12,150.19 3,266,027.75 0.00 0.00 1-A-3 20,434,500.00 12,015,118.67 8,722.63 1,277,234.15 0.00 0.00 2-A-1 980,000,000.00 459,631,700.51 454,407.61 49,892,767.63 0.00 0.00 2-A-2A 197,774,400.00 0.00 0.00 0.00 0.00 0.00 2-A-2B 140,914,200.00 81,399,768.85 224,675.49 24,668,781.47 0.00 0.00 2-A-2C 145,858,700.00 145,858,700.00 0.00 0.00 0.00 0.00 2-X-2 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 4,691,500.00 4,367,349.30 3,638.63 275,812.66 0.00 0.00 1-B-2 3,909,400.00 3,639,287.09 3,032.05 229,833.10 0.00 0.00 1-B-3 2,033,000.00 1,892,533.55 1,576.75 119,519.80 0.00 0.00 1-B-4 1,407,500.00 1,310,251.34 1,091.63 82,746.74 0.00 0.00 1-B-5 1,094,600.00 1,018,970.60 848.95 64,351.39 0.00 0.00 1-B-6 938,455.00 873,613.83 727.85 55,171.62 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-X 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 11,955,500.00 11,847,348.66 11,712.69 629,441.00 0.00 0.00 2-B-2 5,230,500.00 5,183,184.07 5,124.27 275,378.79 0.00 0.00 2-B-3 5,230,500.00 5,183,184.07 5,124.27 275,378.79 0.00 0.00 2-B-4 4,483,300.00 4,442,743.36 4,392.25 236,039.72 0.00 0.00 2-B-5 1,494,400.00 1,480,881.42 1,464.05 78,678.15 0.00 0.00 2-B-6 1,494,535.00 1,481,015.20 1,464.18 78,685.26 0.00 0.00 Totals 1,807,197,590.00 849,780,149.21 819,793.13 92,583,233.17 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 1-A-1 11,157,024.79 79,832,282.90 0.36315744 11,157,024.79 1-X-1 0.00 0.00 0.00000000 0.00 1-A-2 3,278,177.94 13,887,013.07 0.23769282 3,278,177.94 1-A-3 1,285,956.78 10,729,161.89 0.52505135 1,285,956.78 2-A-1 50,347,175.24 409,284,525.27 0.41763727 50,347,175.24 2-A-2A 0.00 0.00 0.00000000 0.00 2-A-2B 24,893,456.96 56,506,311.89 0.40099800 24,893,456.96 2-A-2C 0.00 145,858,700.00 1.00000000 0.00 2-X-2 0.00 0.00 0.00000000 0.00 1-B-1 279,451.29 4,087,898.01 0.87134136 279,451.29 1-B-2 232,865.16 3,406,421.93 0.87134136 232,865.16 1-B-3 121,096.55 1,771,436.99 0.87134136 121,096.55 1-B-4 83,838.37 1,226,412.97 0.87134136 83,838.37 1-B-5 65,200.34 953,770.26 0.87134137 65,200.34 1-B-6 55,899.47 817,714.36 0.87134104 55,899.47 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-X 0.00 0.00 0.00000000 0.00 2-B-1 641,153.69 11,206,194.97 0.93732550 641,153.69 2-B-2 280,503.06 4,902,681.01 0.93732550 280,503.06 2-B-3 280,503.06 4,902,681.01 0.93732550 280,503.06 2-B-4 240,431.96 4,202,311.40 0.93732550 240,431.96 2-B-5 80,142.20 1,400,739.22 0.93732550 80,142.20 2-B-6 80,149.44 1,400,865.76 0.93732550 80,149.44 Totals 93,403,026.30 756,377,122.91 0.41853593 93,403,026.30
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 219,828,300.00 413.91080079 0.36228111 50.39107863 0.00000000 1-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,424,200.00 293.80275639 0.20796502 55.90196785 0.00000000 1-A-3 20,434,500.00 587.98202403 0.42685801 62.50381218 0.00000000 2-A-1 980,000,000.00 469.01193930 0.46368123 50.91098738 0.00000000 2-A-2A 197,774,400.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 577.65483429 1.59441341 175.06242430 0.00000000 2-A-2C 145,858,700.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 4,691,500.00 930.90681019 0.77557924 58.78986678 0.00000000 1-B-2 3,909,400.00 930.90681179 0.77557937 58.78986545 0.00000000 1-B-3 2,033,000.00 930.90681259 0.77557796 58.78986719 0.00000000 1-B-4 1,407,500.00 930.90681350 0.77558082 58.78986856 0.00000000 1-B-5 1,094,600.00 930.90681527 0.77558012 58.78986845 0.00000000 1-B-6 938,455.00 930.90646861 0.77558327 58.78984075 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-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 11,955,500.00 990.95384216 0.97969052 52.64865543 0.00000000 2-B-2 5,230,500.00 990.95384189 0.97969028 52.64865500 0.00000000 2-B-3 5,230,500.00 990.95384189 0.97969028 52.64865500 0.00000000 2-B-4 4,483,300.00 990.95384204 0.97969130 52.64865612 0.00000000 2-B-5 1,494,400.00 990.95384101 0.97969085 52.64865498 0.00000000 2-B-6 1,494,535.00 990.95384183 0.97968933 52.64865661 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 50.75335974 363.15744106 0.36315744 50.75335974 1-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 0.00000000 56.10993287 237.69282369 0.23769282 56.10993287 1-A-3 0.00000000 62.93067019 525.05135384 0.52505135 62.93067019 2-A-1 0.00000000 51.37466861 417.63727068 0.41763727 51.37466861 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 176.65683771 400.99799658 0.40099800 176.65683771 2-A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 59.56544602 871.34136417 0.87134136 59.56544602 1-B-2 0.00000000 59.56544738 871.34136440 0.87134136 59.56544738 1-B-3 0.00000000 59.56544515 871.34136252 0.87134136 59.56544515 1-B-4 0.00000000 59.56544938 871.34136412 0.87134136 59.56544938 1-B-5 0.00000000 59.56544857 871.34136671 0.87134137 59.56544857 1-B-6 0.00000000 59.56542402 871.34104459 0.87134104 59.56542402 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-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 53.62834595 937.32549622 0.93732550 53.62834595 2-B-2 0.00000000 53.62834528 937.32549661 0.93732550 53.62834528 2-B-3 0.00000000 53.62834528 937.32549661 0.93732550 53.62834528 2-B-4 0.00000000 53.62834519 937.32549684 0.93732550 53.62834519 2-B-5 0.00000000 53.62834582 937.32549518 0.93732550 53.62834582 2-B-6 0.00000000 53.62834594 937.32549589 0.93732550 53.62834594 (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 1-A-1 219,828,300.00 6.99414% 90,989,307.69 530,326.74 0.00 0.00 1-X-1 0.00 0.50600% 90,989,307.69 38,367.16 0.00 0.00 1-A-2 58,424,200.00 8.08226% 17,165,191.00 115,611.26 0.00 0.00 1-A-3 20,434,500.00 8.06499% 12,015,118.67 80,751.47 0.00 0.00 2-A-1 980,000,000.00 6.92867% 459,631,700.51 2,653,863.82 0.00 0.00 2-A-2A 197,774,400.00 5.66767% 0.00 0.00 0.00 0.00 2-A-2B 140,914,200.00 5.86767% 81,399,768.85 398,022.52 0.00 0.00 2-A-2C 145,858,700.00 5.95000% 145,858,700.00 723,216.05 0.00 0.00 2-X-2 0.00 1.00816% 227,258,468.85 190,927.30 0.00 0.00 1-B-1 4,691,500.00 7.64983% 4,367,349.30 27,841.23 0.00 0.00 1-B-2 3,909,400.00 7.64983% 3,639,287.09 23,199.93 0.00 0.00 1-B-3 2,033,000.00 7.64983% 1,892,533.55 12,064.63 0.00 0.00 1-B-4 1,407,500.00 7.64983% 1,310,251.34 8,352.66 0.00 0.00 1-B-5 1,094,600.00 7.64983% 1,018,970.60 6,495.79 0.00 0.00 1-B-6 938,455.00 7.64983% 873,613.83 5,569.16 0.00 0.00 R-1 50.00 7.50014% 0.00 0.00 0.00 0.00 R-2 50.00 7.50014% 0.00 0.00 0.00 0.00 R-X 0.00 0.00000% 0.00 0.00 0.00 0.00 2-B-1 11,955,500.00 6.92867% 11,847,348.66 68,405.31 0.00 0.00 2-B-2 5,230,500.00 6.92867% 5,183,184.07 29,927.15 0.00 0.00 2-B-3 5,230,500.00 6.92867% 5,183,184.07 29,927.15 0.00 0.00 2-B-4 4,483,300.00 6.92867% 4,442,743.36 25,651.92 0.00 0.00 2-B-5 1,494,400.00 6.92867% 1,480,881.42 8,550.45 0.00 0.00 2-B-6 1,494,535.00 6.92867% 1,481,015.20 8,551.22 0.00 0.00 Totals 1,807,197,590.00 4,985,622.92 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 1-A-1 0.00 0.00 530,326.74 0.00 79,832,282.90 1-X-1 0.00 0.00 38,367.16 0.00 79,832,282.90 1-A-2 0.00 0.00 115,611.26 0.00 13,887,013.07 1-A-3 0.00 0.00 80,751.47 0.00 10,729,161.89 2-A-1 0.00 0.00 2,653,863.82 0.00 409,284,525.27 2-A-2A 0.00 0.00 0.00 0.00 0.00 2-A-2B 0.00 0.00 398,022.52 0.00 56,506,311.89 2-A-2C 0.00 0.00 723,216.05 0.00 145,858,700.00 2-X-2 0.00 0.00 190,927.30 0.00 202,365,011.89 1-B-1 0.00 0.00 27,841.23 0.00 4,087,898.01 1-B-2 0.00 0.00 23,199.93 0.00 3,406,421.93 1-B-3 0.00 0.00 12,064.63 0.00 1,771,436.99 1-B-4 0.00 0.00 8,352.66 0.00 1,226,412.97 1-B-5 0.00 0.00 6,495.79 0.00 953,770.26 1-B-6 0.00 0.00 5,569.16 0.00 817,714.36 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-X 0.00 0.00 19,712.34 0.00 0.00 2-B-1 0.00 0.00 68,405.31 0.00 11,206,194.97 2-B-2 0.00 0.00 29,927.15 0.00 4,902,681.01 2-B-3 0.00 0.00 29,927.15 0.00 4,902,681.01 2-B-4 0.00 0.00 25,651.92 0.00 4,202,311.40 2-B-5 0.00 0.00 8,550.45 0.00 1,400,739.22 2-B-6 0.00 0.00 8,551.22 0.00 1,400,865.76 Totals 0.00 0.00 5,005,335.26 0.00 (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 1-A-1 219,828,300.00 6.99414% 413.91080079 2.41245891 0.00000000 0.00000000 1-X-1 0.00 0.50600% 413.91080079 0.17453240 0.00000000 0.00000000 1-A-2 58,424,200.00 8.08226% 293.80275639 1.97882487 0.00000000 0.00000000 1-A-3 20,434,500.00 8.06499% 587.98202403 3.95172233 0.00000000 0.00000000 2-A-1 980,000,000.00 6.92867% 469.01193930 2.70802431 0.00000000 0.00000000 2-A-2A 197,774,400.00 5.66767% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 5.86767% 577.65483429 2.82457353 0.00000000 0.00000000 2-A-2C 145,858,700.00 5.95000% 1000.00000000 4.95833330 0.00000000 0.00000000 2-X-2 0.00 1.00816% 469.01193929 0.39403233 0.00000000 0.00000000 1-B-1 4,691,500.00 7.64983% 930.90681019 5.93439838 0.00000000 0.00000000 1-B-2 3,909,400.00 7.64983% 930.90681179 5.93439658 0.00000000 0.00000000 1-B-3 2,033,000.00 7.64983% 930.90681259 5.93439744 0.00000000 0.00000000 1-B-4 1,407,500.00 7.64983% 930.90681350 5.93439432 0.00000000 0.00000000 1-B-5 1,094,600.00 7.64983% 930.90681527 5.93439613 0.00000000 0.00000000 1-B-6 938,455.00 7.64983% 930.90646861 5.93439217 0.00000000 0.00000000 R-1 50.00 7.50014% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.50014% 0.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 11,955,500.00 6.92867% 990.95384216 5.72166032 0.00000000 0.00000000 2-B-2 5,230,500.00 6.92867% 990.95384189 5.72166141 0.00000000 0.00000000 2-B-3 5,230,500.00 6.92867% 990.95384189 5.72166141 0.00000000 0.00000000 2-B-4 4,483,300.00 6.92867% 990.95384204 5.72166038 0.00000000 0.00000000 2-B-5 1,494,400.00 6.92867% 990.95384101 5.72166087 0.00000000 0.00000000 2-B-6 1,494,535.00 6.92867% 990.95384183 5.72165925 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 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 1-A-1 0.00000000 0.00000000 2.41245891 0.00000000 363.15744106 1-X-1 0.00000000 0.00000000 0.17453240 0.00000000 363.15744106 1-A-2 0.00000000 0.00000000 1.97882487 0.00000000 237.69282369 1-A-3 0.00000000 0.00000000 3.95172233 0.00000000 525.05135384 2-A-1 0.00000000 0.00000000 2.70802431 0.00000000 417.63727068 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 0.00000000 2.82457353 0.00000000 400.99799658 2-A-2C 0.00000000 0.00000000 4.95833330 0.00000000 1000.00000000 2-X-2 0.00000000 0.00000000 0.39403233 0.00000000 417.63727069 1-B-1 0.00000000 0.00000000 5.93439838 0.00000000 871.34136417 1-B-2 0.00000000 0.00000000 5.93439658 0.00000000 871.34136440 1-B-3 0.00000000 0.00000000 5.93439744 0.00000000 871.34136252 1-B-4 0.00000000 0.00000000 5.93439432 0.00000000 871.34136412 1-B-5 0.00000000 0.00000000 5.93439613 0.00000000 871.34136671 1-B-6 0.00000000 0.00000000 5.93439217 0.00000000 871.34104459 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-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 0.00000000 5.72166032 0.00000000 937.32549622 2-B-2 0.00000000 0.00000000 5.72166141 0.00000000 937.32549661 2-B-3 0.00000000 0.00000000 5.72166141 0.00000000 937.32549661 2-B-4 0.00000000 0.00000000 5.72166038 0.00000000 937.32549684 2-B-5 0.00000000 0.00000000 5.72166087 0.00000000 937.32549518 2-B-6 0.00000000 0.00000000 5.72165925 0.00000000 937.32549589 (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 98,607,204.27 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 59,532.29 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 98,666,736.56 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 258,375.00 Payment of Interest and Principal 98,408,361.56 Total Withdrawals (Pool Distribution Amount) 98,666,736.56 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 177,037.59 Supplemental PMI 81,337.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 258,375.00
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 15 0 0 0 15 5,823,132.34 0.00 0.00 0.00 5,823,132.34 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 288,237.03 0.00 0.00 0.00 288,237.03 120 Days 1 0 0 0 1 329,754.61 0.00 0.00 0.00 329,754.61 150 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 17 0 0 0 17 6,441,123.98 0.00 0.00 0.00 6,441,123.98 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 0.773196% 0.000000% 0.000000% 0.000000% 0.773196% 0.769261% 0.000000% 0.000000% 0.000000% 0.769261% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.051546% 0.000000% 0.000000% 0.000000% 0.051546% 0.038077% 0.000000% 0.000000% 0.000000% 0.038077% 120 Days 0.051546% 0.000000% 0.000000% 0.000000% 0.051546% 0.043562% 0.000000% 0.000000% 0.000000% 0.043562% 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 0.876289% 0.000000% 0.000000% 0.000000% 0.876289% 0.850900% 0.000000% 0.000000% 0.000000% 0.850900%
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 2 0 0 0 2 751,290.72 0.00 0.00 0.00 751,290.72 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 288,237.03 0.00 0.00 0.00 288,237.03 120 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 3 0 0 0 3 1,039,527.75 0.00 0.00 0.00 1,039,527.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.873362% 0.000000% 0.000000% 0.000000% 0.873362% 0.843791% 0.000000% 0.000000% 0.000000% 0.843791% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.436681% 0.000000% 0.000000% 0.000000% 0.436681% 0.323725% 0.000000% 0.000000% 0.000000% 0.323725% 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 1.310044% 0.000000% 0.000000% 0.000000% 1.310044% 1.167517% 0.000000% 0.000000% 0.000000% 1.167517% 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 1 0 0 0 1 782,420.36 0.00 0.00 0.00 782,420.36 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 1 782,420.36 0.00 0.00 0.00 782,420.36 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 4.846557% 0.000000% 0.000000% 0.000000% 4.846557% 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 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 4.846557% 0.000000% 0.000000% 0.000000% 4.846557% 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 1 0 0 0 1 421,825.73 0.00 0.00 0.00 421,825.73 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 1 421,825.73 0.00 0.00 0.00 421,825.73 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 3.630789% 0.000000% 0.000000% 0.000000% 3.630789% 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 4.545455% 0.000000% 0.000000% 0.000000% 4.545455% 3.630789% 0.000000% 0.000000% 0.000000% 3.630789% 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 11 0 0 0 11 3,867,595.53 0.00 0.00 0.00 3,867,595.53 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 1 0 0 0 1 329,754.61 0.00 0.00 0.00 329,754.61 150 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 12 0 0 0 12 4,197,350.14 0.00 0.00 0.00 4,197,350.14 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.665054% 0.000000% 0.000000% 0.000000% 0.665054% 0.604143% 0.000000% 0.000000% 0.000000% 0.604143% 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 0.060459% 0.000000% 0.000000% 0.000000% 0.060459% 0.051510% 0.000000% 0.000000% 0.000000% 0.051510% 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 0.725514% 0.000000% 0.000000% 0.000000% 0.725514% 0.655653% 0.000000% 0.000000% 0.000000% 0.655653% Delinquencies are stratified according to the information the Servicer has provided. All 90 day delinquencies reported are 90+ day delinquencies.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 59,532.29
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.405206% Weighted Average Net Coupon 7.155206% Weighted Average Pass-Through Rate 7.040347% Weighted Average Maturity(Stepdown Calculation ) 341 Beginning Scheduled Collateral Loan Count 2,172 Number Of Loans Paid In Full 232 Ending Scheduled Collateral Loan Count 1,940 Beginning Scheduled Collateral Balance 849,780,149.52 Ending Scheduled Collateral Balance 756,377,123.21 Ending Actual Collateral Balance at 31-Jan-2002 756,977,711.33 Monthly P &I Constant 6,063,791.03 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 756,377,123.21 Scheduled Principal 819,793.13 Unscheduled Principal 92,583,233.17
Group Level Collateral Statement Group Group 1 Group 1 Group 1 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.750141 8.332259 8.314986 Weighted Average Net Rate 7.500141 8.082258 8.064987 Weighted Average Maturity 340 345 345 Beginning Loan Count 257 42 25 Loans Paid In Full 28 7 3 Ending Loan Count 229 35 22 Beginning Scheduled Balance 100,694,677.45 19,633,057.81 12,943,887.83 Ending scheduled Balance 88,968,286.22 16,134,097.56 11,609,728.63 Record Date 01/31/2002 01/31/2002 01/31/2002 Principal And Interest Constant 738,466.06 150,220.14 99,087.10 Scheduled Principal 88,134.40 13,897.04 9,396.89 Unscheduled Principal 11,638,256.83 3,485,063.21 1,324,762.31 Scheduled Interest 650,331.66 136,323.10 89,690.21 Servicing Fees 20,978.06 4,090.23 2,696.64 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 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 629,353.60 132,232.87 86,993.57 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.500141 8.082259 8.064986
Group Level Collateral Statement Group Group 2 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.314893 7.405206 Weighted Average Net Rate 7.064893 7.155206 Weighted Average Maturity 337 341 Beginning Loan Count 1,848 2,172 Loans Paid In Full 194 232 Ending Loan Count 1,654 1,940 Beginning Scheduled Balance 716,508,526.43 849,780,149.52 Ending scheduled Balance 639,665,010.80 756,377,123.21 Record Date 01/31/2002 01/31/2002 Principal And Interest Constant 5,076,017.73 6,063,791.03 Scheduled Principal 708,364.82 819,793.15 Unscheduled Principal 76,135,150.81 92,583,233.16 Scheduled Interest 4,367,652.91 5,243,997.88 Servicing Fees 149,272.59 177,037.52 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 81,337.42 81,337.42 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 4,137,042.90 4,985,622.94 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.928670 7.040347
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