-----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, CXnlzW8BbyXWRBEcRlFqbbnC3HIjxtO/VqSr8BnZIb2LIyvI9Z32H10lMrNc/wBk DVfPsvTp/4Tkrgo6Rm6+Pg== 0001056404-02-000520.txt : 20020415 0001056404-02-000520.hdr.sgml : 20020415 ACCESSION NUMBER: 0001056404-02-000520 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020408 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: 02604525 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 MARCH 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): March 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 Pending (State or other File Number) IRS EIN jurisdiction 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 March 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 March 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: 4/1/02 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 March 25, 2002 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 2/28/02 Distribution Date: 3/25/02 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 6.99770% 79,832,282.90 465,535.32 11,754,963.56 1-X-1 07384MBR2 Sen 0.50600% 0.00 33,662.61 0.00 1-A-2 07384MBS0 Sen 8.06411% 13,887,013.07 93,321.98 2,297,853.68 1-A-3 07384MBT8 Sen 8.05539% 10,729,161.89 72,023.01 2,212,724.15 2-A-1 07384MBZ4 Sen 6.92261% 409,284,525.27 2,361,097.51 46,257,691.76 2-A-2A 07384MCA8 Sen 5.66161% 0.00 0.00 0.00 2-A-2B 07384MCB6 Sen 5.86161% 56,506,311.89 276,014.95 22,871,469.03 2-A-2C 07384MCC4 Sen 5.95000% 145,858,700.00 723,216.05 0.00 2-X-2 07384MCD2 Sen 0.99729% 0.00 168,180.65 0.00 1-B-1 07384MBW1 Sub 7.64600% 4,087,898.01 26,046.72 300,302.93 1-B-2 07384MBX9 Sub 7.64600% 3,406,421.93 21,704.58 250,240.71 1-B-3 07384MBY7 Sub 7.64600% 1,771,436.99 11,287.00 130,132.34 1-B-4 07384MCK6 Sub 7.64600% 1,226,412.97 7,814.29 90,094.08 1-B-5 07384MCL4 Sub 7.64600% 953,770.26 6,077.10 70,065.35 1-B-6 07384MCM2 Sub 7.64600% 817,714.36 5,210.20 60,070.49 R-1 BST0102RI Res 7.50370% 0.00 0.00 0.00 R-2 07384MBU5 Res 7.50370% 0.00 0.00 0.00 R-X 07384MBV3 Res 0.00000% 0.00 10,923.54 0.00 2-B-1 07384MCG5 Sub 6.92261% 11,206,194.97 64,646.76 624,823.95 2-B-2 07384MCH3 Sub 6.92261% 4,902,681.01 28,282.79 273,358.84 2-B-3 07384MCJ9 Sub 6.92261% 4,902,681.01 28,282.79 273,358.84 2-B-4 07384MCN0 Sub 6.92261% 4,202,311.40 24,242.47 234,308.33 2-B-5 07384MCP5 Sub 6.92261% 1,400,739.22 8,080.64 78,101.03 2-B-6 07384MCQ3 Sub 6.92261% 1,400,865.76 8,081.37 78,108.09 Totals 756,377,122.91 4,443,732.33 87,857,667.16
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 68,077,319.34 12,220,498.88 0.00 1-X-1 0.00 0.00 33,662.61 0.00 1-A-2 0.00 11,589,159.39 2,391,175.66 0.00 1-A-3 0.00 8,516,437.74 2,284,747.16 0.00 2-A-1 0.00 363,026,833.51 48,618,789.27 0.00 2-A-2A 0.00 0.00 0.00 0.00 2-A-2B 0.00 33,634,842.86 23,147,483.98 0.00 2-A-2C 0.00 145,858,700.00 723,216.05 0.00 2-X-2 0.00 0.00 168,180.65 0.00 1-B-1 0.00 3,787,595.08 326,349.65 0.00 1-B-2 0.00 3,156,181.22 271,945.29 0.00 1-B-3 0.00 1,641,304.66 141,419.34 0.00 1-B-4 0.00 1,136,318.89 97,908.37 0.00 1-B-5 0.00 883,704.91 76,142.45 0.00 1-B-6 0.00 757,643.88 65,280.69 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 10,923.54 0.00 2-B-1 0.00 10,581,371.02 689,470.71 0.00 2-B-2 0.00 4,629,322.16 301,641.63 0.00 2-B-3 0.00 4,629,322.16 301,641.63 0.00 2-B-4 0.00 3,968,003.07 258,550.80 0.00 2-B-5 0.00 1,322,638.19 86,181.67 0.00 2-B-6 0.00 1,322,757.67 86,189.46 0.00 Totals 0.00 668,519,455.75 92,301,399.49 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 79,832,282.90 70,785.23 11,684,178.33 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 13,887,013.07 9,974.64 2,287,879.03 0.00 0.00 1-A-3 20,434,500.00 10,729,161.89 7,907.36 2,204,816.78 0.00 0.00 2-A-1 980,000,000.00 409,284,525.27 409,754.12 45,847,937.65 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 56,506,311.89 202,597.20 22,668,871.83 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 4,087,898.01 3,454.56 296,848.37 0.00 0.00 1-B-2 3,909,400.00 3,406,421.93 2,878.67 247,362.04 0.00 0.00 1-B-3 2,033,000.00 1,771,436.99 1,496.99 128,635.35 0.00 0.00 1-B-4 1,407,500.00 1,226,412.97 1,036.41 89,057.68 0.00 0.00 1-B-5 1,094,600.00 953,770.26 806.00 69,259.35 0.00 0.00 1-B-6 938,455.00 817,714.36 691.03 59,379.46 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 11,206,194.97 11,219.05 613,604.90 0.00 0.00 2-B-2 5,230,500.00 4,902,681.01 4,908.31 268,450.54 0.00 0.00 2-B-3 5,230,500.00 4,902,681.01 4,908.31 268,450.54 0.00 0.00 2-B-4 4,483,300.00 4,202,311.40 4,207.13 230,101.19 0.00 0.00 2-B-5 1,494,400.00 1,400,739.22 1,402.35 76,698.69 0.00 0.00 2-B-6 1,494,535.00 1,400,865.76 1,402.47 76,705.62 0.00 0.00 Totals 1,807,197,590.00 756,377,122.91 739,429.83 87,118,237.35 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 11,754,963.56 68,077,319.34 0.30968405 11,754,963.56 1-X-1 0.00 0.00 0.00000000 0.00 1-A-2 2,297,853.68 11,589,159.39 0.19836231 2,297,853.68 1-A-3 2,212,724.15 8,516,437.74 0.41676761 2,212,724.15 2-A-1 46,257,691.76 363,026,833.51 0.37043554 46,257,691.76 2-A-2A 0.00 0.00 0.00000000 0.00 2-A-2B 22,871,469.03 33,634,842.86 0.23869023 22,871,469.03 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-1 300,302.93 3,787,595.08 0.80733136 300,302.93 1-B-2 250,240.71 3,156,181.22 0.80733136 250,240.71 1-B-3 130,132.34 1,641,304.66 0.80733136 130,132.34 1-B-4 90,094.08 1,136,318.89 0.80733136 90,094.08 1-B-5 70,065.35 883,704.91 0.80733136 70,065.35 1-B-6 60,070.49 757,643.88 0.80733107 60,070.49 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-1 624,823.95 10,581,371.02 0.88506303 624,823.95 2-B-2 273,358.84 4,629,322.16 0.88506303 273,358.84 2-B-3 273,358.84 4,629,322.16 0.88506303 273,358.84 2-B-4 234,308.33 3,968,003.07 0.88506303 234,308.33 2-B-5 78,101.03 1,322,638.19 0.88506303 78,101.03 2-B-6 78,108.09 1,322,757.67 0.88506303 78,108.09 Totals 87,857,667.16 668,519,455.75 0.36992051 87,857,667.16
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 219,828,300.00 363.15744106 0.32200235 53.15138374 0.00000000 1-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,424,200.00 237.69282369 0.17072788 39.15978362 0.00000000 1-A-3 20,434,500.00 525.05135384 0.38696127 107.89678142 0.00000000 2-A-1 980,000,000.00 417.63727068 0.41811645 46.78360985 0.00000000 2-A-2A 197,774,400.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 400.99799658 1.43773445 160.87003176 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 4,691,500.00 871.34136417 0.73634445 63.27365874 0.00000000 1-B-2 3,909,400.00 871.34136440 0.73634573 63.27365836 0.00000000 1-B-3 2,033,000.00 871.34136252 0.73634530 63.27365962 0.00000000 1-B-4 1,407,500.00 871.34136412 0.73634813 63.27366252 0.00000000 1-B-5 1,094,600.00 871.34136671 0.73634204 63.27366161 0.00000000 1-B-6 938,455.00 871.34104459 0.73634857 63.27363592 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 11,955,500.00 937.32549622 0.93840074 51.32406842 0.00000000 2-B-2 5,230,500.00 937.32549661 0.93840168 51.32406844 0.00000000 2-B-3 5,230,500.00 937.32549661 0.93840168 51.32406844 0.00000000 2-B-4 4,483,300.00 937.32549684 0.93840029 51.32406709 0.00000000 2-B-5 1,494,400.00 937.32549518 0.93840337 51.32406986 0.00000000 2-B-6 1,494,535.00 937.32549589 0.93839890 51.32407070 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 53.47338609 309.68405496 0.30968405 53.47338609 1-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 0.00000000 39.33051167 198.36231202 0.19836231 39.33051167 1-A-3 0.00000000 108.28374318 416.76761066 0.41676761 108.28374318 2-A-1 0.00000000 47.20172629 370.43554440 0.37043554 47.20172629 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 162.30776622 238.69023037 0.23869023 162.30776622 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 64.01000320 807.33136097 0.80733136 64.01000320 1-B-2 0.00000000 64.01000409 807.33136031 0.80733136 64.01000409 1-B-3 0.00000000 64.01000492 807.33136252 0.80733136 64.01000492 1-B-4 0.00000000 64.01000355 807.33136057 0.80733136 64.01000355 1-B-5 0.00000000 64.01000365 807.33136305 0.80733136 64.01000365 1-B-6 0.00000000 64.00998450 807.33107075 0.80733107 64.00998450 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 52.26246916 885.06302706 0.88506303 52.26246916 2-B-2 0.00000000 52.26246822 885.06302648 0.88506303 52.26246822 2-B-3 0.00000000 52.26246822 885.06302648 0.88506303 52.26246822 2-B-4 0.00000000 52.26246961 885.06302723 0.88506303 52.26246961 2-B-5 0.00000000 52.26246654 885.06302864 0.88506303 52.26246654 2-B-6 0.00000000 52.26246960 885.06302629 0.88506303 52.26246960 (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 6.99770% 79,832,282.90 465,535.32 0.00 0.00 1-X-1 0.00 0.50600% 79,832,282.90 33,662.61 0.00 0.00 1-A-2 58,424,200.00 8.06411% 13,887,013.07 93,321.98 0.00 0.00 1-A-3 20,434,500.00 8.05539% 10,729,161.89 72,023.01 0.00 0.00 2-A-1 980,000,000.00 6.92261% 409,284,525.27 2,361,097.51 0.00 0.00 2-A-2A 197,774,400.00 5.66161% 0.00 0.00 0.00 0.00 2-A-2B 140,914,200.00 5.86161% 56,506,311.89 276,014.95 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 0.99729% 202,365,011.89 168,180.65 0.00 0.00 1-B-1 4,691,500.00 7.64600% 4,087,898.01 26,046.72 0.00 0.00 1-B-2 3,909,400.00 7.64600% 3,406,421.93 21,704.58 0.00 0.00 1-B-3 2,033,000.00 7.64600% 1,771,436.99 11,287.00 0.00 0.00 1-B-4 1,407,500.00 7.64600% 1,226,412.97 7,814.29 0.00 0.00 1-B-5 1,094,600.00 7.64600% 953,770.26 6,077.10 0.00 0.00 1-B-6 938,455.00 7.64600% 817,714.36 5,210.20 0.00 0.00 R-1 50.00 7.50370% 0.00 0.00 0.00 0.00 R-2 50.00 7.50370% 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 6.92261% 11,206,194.97 64,646.76 0.00 0.00 2-B-2 5,230,500.00 6.92261% 4,902,681.01 28,282.79 0.00 0.00 2-B-3 5,230,500.00 6.92261% 4,902,681.01 28,282.79 0.00 0.00 2-B-4 4,483,300.00 6.92261% 4,202,311.40 24,242.47 0.00 0.00 2-B-5 1,494,400.00 6.92261% 1,400,739.22 8,080.64 0.00 0.00 2-B-6 1,494,535.00 6.92261% 1,400,865.76 8,081.37 0.00 0.00 Totals 1,807,197,590.00 4,432,808.79 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 0.00 465,535.32 0.00 68,077,319.34 1-X-1 0.00 0.00 33,662.61 0.00 68,077,319.34 1-A-2 0.00 0.00 93,321.98 0.00 11,589,159.39 1-A-3 0.00 0.00 72,023.01 0.00 8,516,437.74 2-A-1 0.00 0.00 2,361,097.51 0.00 363,026,833.51 2-A-2A 0.00 0.00 0.00 0.00 0.00 2-A-2B 0.00 0.00 276,014.95 0.00 33,634,842.86 2-A-2C 0.00 0.00 723,216.05 0.00 145,858,700.00 2-X-2 0.00 0.00 168,180.65 0.00 179,493,542.86 1-B-1 0.00 0.00 26,046.72 0.00 3,787,595.08 1-B-2 0.00 0.00 21,704.58 0.00 3,156,181.22 1-B-3 0.00 0.00 11,287.00 0.00 1,641,304.66 1-B-4 0.00 0.00 7,814.29 0.00 1,136,318.89 1-B-5 0.00 0.00 6,077.10 0.00 883,704.91 1-B-6 0.00 0.00 5,210.20 0.00 757,643.88 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 10,923.54 0.00 0.00 2-B-1 0.00 0.00 64,646.76 0.00 10,581,371.02 2-B-2 0.00 0.00 28,282.79 0.00 4,629,322.16 2-B-3 0.00 0.00 28,282.79 0.00 4,629,322.16 2-B-4 0.00 0.00 24,242.47 0.00 3,968,003.07 2-B-5 0.00 0.00 8,080.64 0.00 1,322,638.19 2-B-6 0.00 0.00 8,081.37 0.00 1,322,757.67 Totals 0.00 0.00 4,443,732.33 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 6.99770% 363.15744106 2.11772242 0.00000000 0.00000000 1-X-1 0.00 0.50600% 363.15744106 0.15313138 0.00000000 0.00000000 1-A-2 58,424,200.00 8.06411% 237.69282369 1.59731721 0.00000000 0.00000000 1-A-3 20,434,500.00 8.05539% 525.05135384 3.52457902 0.00000000 0.00000000 2-A-1 980,000,000.00 6.92261% 417.63727068 2.40928317 0.00000000 0.00000000 2-A-2A 197,774,400.00 5.66161% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 5.86161% 400.99799658 1.95874475 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 0.99729% 417.63727069 0.34708820 0.00000000 0.00000000 1-B-1 4,691,500.00 7.64600% 871.34136417 5.55189598 0.00000000 0.00000000 1-B-2 3,909,400.00 7.64600% 871.34136440 5.55189543 0.00000000 0.00000000 1-B-3 2,033,000.00 7.64600% 871.34136252 5.55189375 0.00000000 0.00000000 1-B-4 1,407,500.00 7.64600% 871.34136412 5.55189343 0.00000000 0.00000000 1-B-5 1,094,600.00 7.64600% 871.34136671 5.55189110 0.00000000 0.00000000 1-B-6 938,455.00 7.64600% 871.34104459 5.55189114 0.00000000 0.00000000 R-1 50.00 7.50370% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.50370% 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 6.92261% 937.32549622 5.40728200 0.00000000 0.00000000 2-B-2 5,230,500.00 6.92261% 937.32549661 5.40728229 0.00000000 0.00000000 2-B-3 5,230,500.00 6.92261% 937.32549661 5.40728229 0.00000000 0.00000000 2-B-4 4,483,300.00 6.92261% 937.32549684 5.40728258 0.00000000 0.00000000 2-B-5 1,494,400.00 6.92261% 937.32549518 5.40728051 0.00000000 0.00000000 2-B-6 1,494,535.00 6.92261% 937.32549589 5.40728053 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 2.11772242 0.00000000 309.68405496 1-X-1 0.00000000 0.00000000 0.15313138 0.00000000 309.68405496 1-A-2 0.00000000 0.00000000 1.59731721 0.00000000 198.36231202 1-A-3 0.00000000 0.00000000 3.52457902 0.00000000 416.76761066 2-A-1 0.00000000 0.00000000 2.40928317 0.00000000 370.43554440 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 0.00000000 1.95874475 0.00000000 238.69023037 2-A-2C 0.00000000 0.00000000 4.95833330 0.00000000 1000.00000000 2-X-2 0.00000000 0.00000000 0.34708820 0.00000000 370.43554439 1-B-1 0.00000000 0.00000000 5.55189598 0.00000000 807.33136097 1-B-2 0.00000000 0.00000000 5.55189543 0.00000000 807.33136031 1-B-3 0.00000000 0.00000000 5.55189375 0.00000000 807.33136252 1-B-4 0.00000000 0.00000000 5.55189343 0.00000000 807.33136057 1-B-5 0.00000000 0.00000000 5.55189110 0.00000000 807.33136305 1-B-6 0.00000000 0.00000000 5.55189114 0.00000000 807.33107075 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 5.40728200 0.00000000 885.06302706 2-B-2 0.00000000 0.00000000 5.40728229 0.00000000 885.06302648 2-B-3 0.00000000 0.00000000 5.40728229 0.00000000 885.06302648 2-B-4 0.00000000 0.00000000 5.40728258 0.00000000 885.06302723 2-B-5 0.00000000 0.00000000 5.40728051 0.00000000 885.06302864 2-B-6 0.00000000 0.00000000 5.40728053 0.00000000 885.06302629 (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 92,449,202.77 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 82,486.91 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 92,531,689.68 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 230,290.19 Payment of Interest and Principal 92,301,399.49 Total Withdrawals (Pool Distribution Amount) 92,531,689.68 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 157,578.55 Supplemental PMI 72,711.64 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 230,290.19
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 24 0 0 0 24 9,756,503.51 0.00 0.00 0.00 9,756,503.51 60 Days 4 0 0 0 4 1,589,173.55 0.00 0.00 0.00 1,589,173.55 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 288,237.03 0.00 0.00 0.00 288,237.03 150 Days 1 0 0 0 1 329,754.61 0.00 0.00 0.00 329,754.61 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 30 0 0 0 30 11,963,668.70 0.00 0.00 0.00 11,963,668.70 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 1.392919% 0.000000% 0.000000% 0.000000% 1.392919% 1.458171% 0.000000% 0.000000% 0.000000% 1.458171% 60 Days 0.232153% 0.000000% 0.000000% 0.000000% 0.232153% 0.237512% 0.000000% 0.000000% 0.000000% 0.237512% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.058038% 0.000000% 0.000000% 0.000000% 0.058038% 0.043079% 0.000000% 0.000000% 0.000000% 0.043079% 150 Days 0.058038% 0.000000% 0.000000% 0.000000% 0.058038% 0.049284% 0.000000% 0.000000% 0.000000% 0.049284% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.741149% 0.000000% 0.000000% 0.000000% 1.741149% 1.788046% 0.000000% 0.000000% 0.000000% 1.788046%
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 1 0 0 0 1 273,557.35 0.00 0.00 0.00 273,557.35 60 Days 1 0 0 0 1 477,501.63 0.00 0.00 0.00 477,501.63 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 288,237.03 0.00 0.00 0.00 288,237.03 150 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 1,039,296.01 0.00 0.00 0.00 1,039,296.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.510204% 0.000000% 0.000000% 0.000000% 0.510204% 0.356963% 0.000000% 0.000000% 0.000000% 0.356963% 60 Days 0.510204% 0.000000% 0.000000% 0.000000% 0.510204% 0.623089% 0.000000% 0.000000% 0.000000% 0.623089% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.510204% 0.000000% 0.000000% 0.000000% 0.510204% 0.376119% 0.000000% 0.000000% 0.000000% 0.376119% 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 1.530612% 0.000000% 0.000000% 0.000000% 1.530612% 1.356170% 0.000000% 0.000000% 0.000000% 1.356170% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1 306,212.27 0.00 0.00 0.00 306,212.27 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 1 306,212.27 0.00 0.00 0.00 306,212.27 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.555556% 0.000000% 0.000000% 0.000000% 5.555556% 3.286993% 0.000000% 0.000000% 0.000000% 3.286993% 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 5.555556% 0.000000% 0.000000% 0.000000% 5.555556% 3.286993% 0.000000% 0.000000% 0.000000% 3.286993% 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 22 0 0 0 22 9,176,733.89 0.00 0.00 0.00 9,176,733.89 60 Days 3 0 0 0 3 1,111,671.92 0.00 0.00 0.00 1,111,671.92 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 1 0 0 0 1 329,754.61 0.00 0.00 0.00 329,754.61 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 26 0 0 0 26 10,618,160.42 0.00 0.00 0.00 10,618,160.42 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.487492% 0.000000% 0.000000% 0.000000% 1.487492% 1.611455% 0.000000% 0.000000% 0.000000% 1.611455% 60 Days 0.202840% 0.000000% 0.000000% 0.000000% 0.202840% 0.195212% 0.000000% 0.000000% 0.000000% 0.195212% 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 0.067613% 0.000000% 0.000000% 0.000000% 0.067613% 0.057906% 0.000000% 0.000000% 0.000000% 0.057906% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.757945% 0.000000% 0.000000% 0.000000% 1.757945% 1.864573% 0.000000% 0.000000% 0.000000% 1.864573% Delinquencies are stratified according to the information the Servicer has proveded. 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 82,486.91
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.398054% Weighted Average Net Coupon 7.148054% Weighted Average Pass-Through Rate 7.032696% Weighted Average Maturity(Stepdown Calculation) 340 Beginning Scheduled Collateral Loan Count 1,940 Number Of Loans Paid In Full 217 Ending Scheduled Collateral Loan Count 1,723 Beginning Scheduled Collateral Balance 756,377,123.21 Ending Scheduled Collateral Balance 668,519,456.05 Ending Actual Collateral Balance at 28-Feb-2002 669,091,788.08 Monthly P &I Constant 5,402,528.83 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 668,519,456.05 Scheduled Principal 739,429.82 Unscheduled Principal 87,118,237.34
Group Level Collateral Statement Group Group 1 Group 1 Group 1 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.753700 8.314108 8.305393 Weighted Average Net Rate 7.503700 8.064108 8.055393 Weighted Average Maturity 339 344 344 Beginning Loan Count 229 35 22 Loans Paid In Full 33 5 4 Ending Loan Count 196 30 18 Beginning Scheduled Balance 88,968,286.22 16,134,097.56 11,609,728.63 Ending scheduled Balance 76,572,838.52 13,663,381.79 9,309,444.82 Record Date 02/28/2002 02/28/2002 02/28/2002 Principal And Interest Constant 653,747.07 123,372.52 88,909.14 Scheduled Principal 78,885.89 11,588.66 8,556.34 Unscheduled Principal 12,316,561.81 2,459,127.11 2,291,727.47 Scheduled Interest 574,861.18 111,783.86 80,352.80 Servicing Fees 18,535.05 3,361.27 2,418.69 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 556,326.13 108,422.59 77,934.11 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 7.503700 8.064108 8.055393
Group Level Collateral Statement Group Group 2 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.309015 7.398054 Weighted Average Net Rate 7.059015 7.148054 Weighted Average Maturity 336 340 Beginning Loan Count 1,654 1,940 Loans Paid In Full 175 217 Ending Loan Count 1,479 1,723 Beginning Scheduled Balance 639,665,010.80 756,377,123.21 Ending scheduled Balance 568,973,790.92 668,519,456.05 Record Date 02/28/2002 02/28/2002 Principal And Interest Constant 4,536,500.10 5,402,528.83 Scheduled Principal 640,398.93 739,429.82 Unscheduled Principal 70,050,820.95 87,118,237.34 Scheduled Interest 3,896,101.17 4,663,099.01 Servicing Fees 133,263.54 157,578.55 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 72,711.64 72,711.64 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 3,690,125.99 4,432,808.82 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 6.922610 7.032696
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