-----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, MwypwnJ2Mul2qV6Pxn15qNhgaykSzalGV1xgOpNQHVXoS7TfXgTOpNGP4qfO3yB8 7IQpRj5PHQPkKszNV7RPog== 0001056404-02-001138.txt : 20020909 0001056404-02-001138.hdr.sgml : 20020909 20020909120811 ACCESSION NUMBER: 0001056404-02-001138 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020909 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: 02759293 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 AUGUST 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): August 26, 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 333-55240-01 90-0030641 Pooling and Servicing Agreement) (Commission 90-0031689 (State or other File Number) 90-0031688 jurisdiction IRS EIN 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 August 26, 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 August 26 , 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: 8/28/02 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 August 26, 2002 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 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 6.99954% 45,244,807.17 263,910.68 5,495,940.23 1-X-1 07384MBR2 Sen 0.50600% 0.00 19,078.23 0.00 1-A-2 07384MBS0 Sen 8.11092% 7,441,077.35 50,295.00 674,845.82 1-A-3 07384MBT8 Sen 7.92843% 5,703,642.13 37,684.10 1,025,224.43 2-A-1 07384MBZ4 Sen 6.88391% 243,072,310.69 1,394,406.20 24,137,337.69 2-A-2A 07384MCA8 Sen 5.62291% 0.00 0.00 0.00 2-A-2B 07384MCB6 Sen 5.82291% 0.00 0.00 0.00 2-A-2C 07384MCC4 Sen 5.95000% 120,183,705.97 595,910.88 11,934,369.19 2-X-2 07384MCD2 Sen 0.93391% 0.00 93,533.78 0.00 1-B-1 07384MBW1 Sub 7.64490% 3,134,175.09 19,967.03 175,525.00 1-B-2 07384MBX9 Sub 7.64490% 2,611,690.10 16,638.41 146,263.97 1-B-3 07384MBY7 Sub 7.64490% 1,358,153.68 8,652.45 76,061.46 1-B-4 07384MCK6 Sub 7.64490% 940,285.93 5,990.32 52,659.37 1-B-5 07384MCL4 Sub 7.64490% 731,251.85 4,658.62 40,952.71 1-B-6 07384MCM2 Sub 7.64490% 626,938.34 3,994.06 35,110.79 R-1 BST0102RI Res 7.50554% 0.00 0.00 0.00 R-2 07384MBU5 Res 7.50554% 0.00 0.00 0.00 R-X 07384MBV3 Res 0.00000% 0.00 6,265.86 0.00 2-B-1 07384MCG5 Sub 6.88391% 8,730,059.95 50,080.78 425,521.99 2-B-2 07384MCH3 Sub 6.88391% 3,819,378.41 21,910.21 186,164.76 2-B-3 07384MCJ9 Sub 6.88391% 3,819,378.41 21,910.21 186,164.76 2-B-4 07384MCN0 Sub 6.88391% 3,273,763.35 18,780.24 159,570.30 2-B-5 07384MCP5 Sub 6.88391% 1,091,230.11 6,259.94 53,188.91 2-B-6 07384MCQ3 Sub 6.88391% 1,091,328.69 6,260.51 53,193.72 Totals 452,873,177.22 2,646,187.51 44,858,095.10
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 39,748,866.93 5,759,850.91 0.00 1-X-1 0.00 0.00 19,078.23 0.00 1-A-2 0.00 6,766,231.53 725,140.82 0.00 1-A-3 0.00 4,678,417.70 1,062,908.53 0.00 2-A-1 0.00 218,934,973.01 25,531,743.89 0.00 2-A-2A 0.00 0.00 0.00 0.00 2-A-2B 0.00 0.00 0.00 0.00 2-A-2C 0.00 108,249,336.78 12,530,280.07 0.00 2-X-2 0.00 0.00 93,533.78 0.00 1-B-1 0.00 2,958,650.10 195,492.03 0.00 1-B-2 0.00 2,465,426.13 162,902.38 0.00 1-B-3 0.00 1,282,092.22 84,713.91 0.00 1-B-4 0.00 887,626.56 58,649.69 0.00 1-B-5 0.00 690,299.14 45,611.33 0.00 1-B-6 0.00 591,827.55 39,104.85 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 6,265.86 0.00 2-B-1 0.00 8,304,537.96 475,602.77 0.00 2-B-2 0.00 3,633,213.65 208,074.97 0.00 2-B-3 0.00 3,633,213.65 208,074.97 0.00 2-B-4 0.00 3,114,193.05 178,350.54 0.00 2-B-5 0.00 1,038,041.20 59,448.85 0.00 2-B-6 0.00 1,038,134.97 59,454.23 0.00 Totals 0.00 408,015,082.13 47,504,282.61 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 45,244,807.17 43,190.90 5,452,749.34 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 7,441,077.35 5,468.69 669,377.13 0.00 0.00 1-A-3 20,434,500.00 5,703,642.13 4,707.77 1,020,516.66 0.00 0.00 2-A-1 980,000,000.00 243,072,310.69 254,928.47 23,882,409.21 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 0.00 0.00 0.00 0.00 0.00 2-A-2C 145,858,700.00 120,183,705.97 126,045.82 11,808,323.37 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 3,134,175.09 2,838.73 172,686.26 0.00 0.00 1-B-2 3,909,400.00 2,611,690.10 2,365.50 143,898.47 0.00 0.00 1-B-3 2,033,000.00 1,358,153.68 1,230.13 74,831.33 0.00 0.00 1-B-4 1,407,500.00 940,285.93 851.65 51,807.72 0.00 0.00 1-B-5 1,094,600.00 731,251.85 662.32 40,290.39 0.00 0.00 1-B-6 938,455.00 626,938.34 567.84 34,542.95 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 8,730,059.95 9,155.88 416,366.11 0.00 0.00 2-B-2 5,230,500.00 3,819,378.41 4,005.67 182,159.09 0.00 0.00 2-B-3 5,230,500.00 3,819,378.41 4,005.67 182,159.09 0.00 0.00 2-B-4 4,483,300.00 3,273,763.35 3,433.45 156,136.86 0.00 0.00 2-B-5 1,494,400.00 1,091,230.11 1,144.46 52,044.46 0.00 0.00 2-B-6 1,494,535.00 1,091,328.69 1,144.56 52,049.16 0.00 0.00 Totals 1,807,197,590.00 452,873,177.22 465,747.51 44,392,347.60 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 5,495,940.23 39,748,866.93 0.18081779 5,495,940.23 1-X-1 0.00 0.00 0.00000000 0.00 1-A-2 674,845.82 6,766,231.53 0.11581214 674,845.82 1-A-3 1,025,224.43 4,678,417.70 0.22894701 1,025,224.43 2-A-1 24,137,337.69 218,934,973.01 0.22340303 24,137,337.69 2-A-2A 0.00 0.00 0.00000000 0.00 2-A-2B 0.00 0.00 0.00000000 0.00 2-A-2C 11,934,369.19 108,249,336.78 0.74215207 11,934,369.19 2-X-2 0.00 0.00 0.00000000 0.00 1-B-1 175,525.00 2,958,650.10 0.63064054 175,525.00 1-B-2 146,263.97 2,465,426.13 0.63064054 146,263.97 1-B-3 76,061.46 1,282,092.22 0.63064054 76,061.46 1-B-4 52,659.37 887,626.56 0.63064054 52,659.37 1-B-5 40,952.71 690,299.14 0.63064054 40,952.71 1-B-6 35,110.79 591,827.55 0.63064031 35,110.79 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-1 425,521.99 8,304,537.96 0.69462072 425,521.99 2-B-2 186,164.76 3,633,213.65 0.69462072 186,164.76 2-B-3 186,164.76 3,633,213.65 0.69462072 186,164.76 2-B-4 159,570.30 3,114,193.05 0.69462071 159,570.30 2-B-5 53,188.91 1,038,041.20 0.69462072 53,188.91 2-B-6 53,193.72 1,038,134.97 0.69462071 53,193.72 Totals 44,858,095.10 408,015,082.13 0.22577226 44,858,095.10
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 219,828,300.00 205.81884666 0.19647561 24.80458312 0.00000000 1-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,424,200.00 127.36293094 0.09360316 11.45718949 0.00000000 1-A-3 20,434,500.00 279.11826225 0.23038342 49.94086765 0.00000000 2-A-1 980,000,000.00 248.03297009 0.26013109 24.36980532 0.00000000 2-A-2A 197,774,400.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2C 145,858,700.00 823.97351663 0.86416388 80.95727831 0.00000000 2-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 4,691,500.00 668.05394650 0.60507940 36.80832570 0.00000000 1-B-2 3,909,400.00 668.05394690 0.60508006 36.80832609 0.00000000 1-B-3 2,033,000.00 668.05394983 0.60508116 36.80832759 0.00000000 1-B-4 1,407,500.00 668.05394671 0.60507993 36.80832682 0.00000000 1-B-5 1,094,600.00 668.05394665 0.60507948 36.80832267 0.00000000 1-B-6 938,455.00 668.05370529 0.60507963 36.80831793 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 11,955,500.00 730.21286855 0.76582995 34.82632345 0.00000000 2-B-2 5,230,500.00 730.21286875 0.76582927 34.82632444 0.00000000 2-B-3 5,230,500.00 730.21286875 0.76582927 34.82632444 0.00000000 2-B-4 4,483,300.00 730.21286775 0.76583097 34.82632436 0.00000000 2-B-5 1,494,400.00 730.21286804 0.76583244 34.82632495 0.00000000 2-B-6 1,494,535.00 730.21286889 0.76583017 34.82632391 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000
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 25.00105869 180.81778793 0.18081779 25.00105869 1-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 0.00000000 11.55079265 115.81213829 0.11581214 11.55079265 1-A-3 0.00000000 50.17125107 228.94701118 0.22894701 50.17125107 2-A-1 0.00000000 24.62993642 223.40303368 0.22340303 24.62993642 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2C 0.00000000 81.82144219 742.15207444 0.74215207 81.82144219 2-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 37.41340723 630.64054140 0.63064054 37.41340723 1-B-2 0.00000000 37.41340615 630.64054075 0.63064054 37.41340615 1-B-3 0.00000000 37.41340876 630.64054107 0.63064054 37.41340876 1-B-4 0.00000000 37.41340675 630.64053996 0.63064054 37.41340675 1-B-5 0.00000000 37.41340216 630.64054449 0.63064054 37.41340216 1-B-6 0.00000000 37.41339755 630.64030774 0.63064031 37.41339755 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 35.59215340 694.62071515 0.69462072 35.59215340 2-B-2 0.00000000 35.59215371 694.62071504 0.69462072 35.59215371 2-B-3 0.00000000 35.59215371 694.62071504 0.69462072 35.59215371 2-B-4 0.00000000 35.59215310 694.62071465 0.69462071 35.59215310 2-B-5 0.00000000 35.59215070 694.62071734 0.69462072 35.59215070 2-B-6 0.00000000 35.59215408 694.62071480 0.69462071 35.59215408 (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 6.99954% 45,244,807.17 263,910.68 0.00 0.00 1-X-1 0.00 0.50600% 45,244,807.17 19,078.23 0.00 0.00 1-A-2 58,424,200.00 8.11092% 7,441,077.35 50,295.00 0.00 0.00 1-A-3 20,434,500.00 7.92843% 5,703,642.13 37,684.10 0.00 0.00 2-A-1 980,000,000.00 6.88391% 243,072,310.69 1,394,406.20 0.00 0.00 2-A-2A 197,774,400.00 5.62291% 0.00 0.00 0.00 0.00 2-A-2B 140,914,200.00 5.82291% 0.00 0.00 0.00 0.00 2-A-2C 145,858,700.00 5.95000% 120,183,705.97 595,910.88 0.00 0.00 2-X-2 0.00 0.93391% 120,183,705.97 93,533.78 0.00 0.00 1-B-1 4,691,500.00 7.64490% 3,134,175.09 19,967.03 0.00 0.00 1-B-2 3,909,400.00 7.64490% 2,611,690.10 16,638.41 0.00 0.00 1-B-3 2,033,000.00 7.64490% 1,358,153.68 8,652.45 0.00 0.00 1-B-4 1,407,500.00 7.64490% 940,285.93 5,990.32 0.00 0.00 1-B-5 1,094,600.00 7.64490% 731,251.85 4,658.62 0.00 0.00 1-B-6 938,455.00 7.64490% 626,938.34 3,994.06 0.00 0.00 R-1 50.00 7.50554% 0.00 0.00 0.00 0.00 R-2 50.00 7.50554% 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 6.88391% 8,730,059.95 50,080.78 0.00 0.00 2-B-2 5,230,500.00 6.88391% 3,819,378.41 21,910.21 0.00 0.00 2-B-3 5,230,500.00 6.88391% 3,819,378.41 21,910.21 0.00 0.00 2-B-4 4,483,300.00 6.88391% 3,273,763.35 18,780.24 0.00 0.00 2-B-5 1,494,400.00 6.88391% 1,091,230.11 6,259.94 0.00 0.00 2-B-6 1,494,535.00 6.88391% 1,091,328.69 6,260.51 0.00 0.00 Totals 1,807,197,590.00 2,639,921.65 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 0.00 263,910.68 0.00 39,748,866.93 1-X-1 0.00 0.00 19,078.23 0.00 39,748,866.93 1-A-2 0.00 0.00 50,295.00 0.00 6,766,231.53 1-A-3 0.00 0.00 37,684.10 0.00 4,678,417.70 2-A-1 0.00 0.00 1,394,406.20 0.00 218,934,973.01 2-A-2A 0.00 0.00 0.00 0.00 0.00 2-A-2B 0.00 0.00 0.00 0.00 0.00 2-A-2C 0.00 0.00 595,910.88 0.00 108,249,336.78 2-X-2 0.00 0.00 93,533.78 0.00 108,249,336.78 1-B-1 0.00 0.00 19,967.03 0.00 2,958,650.10 1-B-2 0.00 0.00 16,638.41 0.00 2,465,426.13 1-B-3 0.00 0.00 8,652.45 0.00 1,282,092.22 1-B-4 0.00 0.00 5,990.32 0.00 887,626.56 1-B-5 0.00 0.00 4,658.62 0.00 690,299.14 1-B-6 0.00 0.00 3,994.06 0.00 591,827.55 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 6,265.86 0.00 0.00 2-B-1 0.00 0.00 50,080.78 0.00 8,304,537.96 2-B-2 0.00 0.00 21,910.21 0.00 3,633,213.65 2-B-3 0.00 0.00 21,910.21 0.00 3,633,213.65 2-B-4 0.00 0.00 18,780.24 0.00 3,114,193.05 2-B-5 0.00 0.00 6,259.94 0.00 1,038,041.20 2-B-6 0.00 0.00 6,260.51 0.00 1,038,134.97 Totals 0.00 0.00 2,646,187.51 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 6.99954% 205.81884666 1.20053096 0.00000000 0.00000000 1-X-1 0.00 0.50600% 205.81884666 0.08678696 0.00000000 0.00000000 1-A-2 58,424,200.00 8.11092% 127.36293094 0.86085903 0.00000000 0.00000000 1-A-3 20,434,500.00 7.92843% 279.11826225 1.84414104 0.00000000 0.00000000 2-A-1 980,000,000.00 6.88391% 248.03297009 1.42286347 0.00000000 0.00000000 2-A-2A 197,774,400.00 5.62291% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 5.82291% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2C 145,858,700.00 5.95000% 823.97351663 4.08553538 0.00000000 0.00000000 2-X-2 0.00 0.93391% 248.03297009 0.19303333 0.00000000 0.00000000 1-B-1 4,691,500.00 7.64490% 668.05394650 4.25600128 0.00000000 0.00000000 1-B-2 3,909,400.00 7.64490% 668.05394690 4.25600092 0.00000000 0.00000000 1-B-3 2,033,000.00 7.64490% 668.05394983 4.25600098 0.00000000 0.00000000 1-B-4 1,407,500.00 7.64490% 668.05394671 4.25600000 0.00000000 0.00000000 1-B-5 1,094,600.00 7.64490% 668.05394665 4.25600219 0.00000000 0.00000000 1-B-6 938,455.00 7.64490% 668.05370529 4.25599523 0.00000000 0.00000000 R-1 50.00 7.50554% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.50554% 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 6.88391% 730.21286855 4.18893229 0.00000000 0.00000000 2-B-2 5,230,500.00 6.88391% 730.21286875 4.18893222 0.00000000 0.00000000 2-B-3 5,230,500.00 6.88391% 730.21286875 4.18893222 0.00000000 0.00000000 2-B-4 4,483,300.00 6.88391% 730.21286775 4.18893226 0.00000000 0.00000000 2-B-5 1,494,400.00 6.88391% 730.21286804 4.18893201 0.00000000 0.00000000 2-B-6 1,494,535.00 6.88391% 730.21286889 4.18893502 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 1.20053096 0.00000000 180.81778793 1-X-1 0.00000000 0.00000000 0.08678696 0.00000000 180.81778793 1-A-2 0.00000000 0.00000000 0.86085903 0.00000000 115.81213829 1-A-3 0.00000000 0.00000000 1.84414104 0.00000000 228.94701118 2-A-1 0.00000000 0.00000000 1.42286347 0.00000000 223.40303368 2-A-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2C 0.00000000 0.00000000 4.08553538 0.00000000 742.15207444 2-X-2 0.00000000 0.00000000 0.19303333 0.00000000 223.40303368 1-B-1 0.00000000 0.00000000 4.25600128 0.00000000 630.64054140 1-B-2 0.00000000 0.00000000 4.25600092 0.00000000 630.64054075 1-B-3 0.00000000 0.00000000 4.25600098 0.00000000 630.64054107 1-B-4 0.00000000 0.00000000 4.25600000 0.00000000 630.64053996 1-B-5 0.00000000 0.00000000 4.25600219 0.00000000 630.64054449 1-B-6 0.00000000 0.00000000 4.25599523 0.00000000 630.64030774 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 4.18893229 0.00000000 694.62071515 2-B-2 0.00000000 0.00000000 4.18893222 0.00000000 694.62071504 2-B-3 0.00000000 0.00000000 4.18893222 0.00000000 694.62071504 2-B-4 0.00000000 0.00000000 4.18893226 0.00000000 694.62071465 2-B-5 0.00000000 0.00000000 4.18893201 0.00000000 694.62071734 2-B-6 0.00000000 0.00000000 4.18893502 0.00000000 694.62071480 (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 47,575,996.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 66,506.97 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 47,642,503.96 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 138,221.35 Payment of Interest and Principal 47,504,282.61 Total Withdrawals (Pool Distribution Amount) 47,642,503.96 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 94,348.57 Supplemental PMI 43,872.78 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 138,221.35
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 1 0 0 1 272,407.38 0.00 0.00 272,407.38 30 Days 10 0 0 0 10 4,869,000.99 0.00 0.00 0.00 4,869,000.99 60 Days 5 0 0 0 5 1,947,713.92 0.00 0.00 0.00 1,947,713.92 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 2 0 1 0 3 1,225,716.22 0.00 310,366.85 0.00 1,536,083.07 150 Days 0 0 1 0 1 0.00 0.00 348,053.24 0.00 348,053.24 180+ Days 1 0 1 0 2 455,876.22 0.00 329,754.61 0.00 785,630.83 Totals 18 1 3 0 22 8,498,307.35 272,407.38 988,174.70 0.00 9,758,889.43 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 0.093721% 0.000000% 0.000000% 0.093721% 0.066704% 0.000000% 0.000000% 0.066704% 30 Days 0.937207% 0.000000% 0.000000% 0.000000% 0.937207% 1.192260% 0.000000% 0.000000% 0.000000% 1.192260% 60 Days 0.468604% 0.000000% 0.000000% 0.000000% 0.468604% 0.476932% 0.000000% 0.000000% 0.000000% 0.476932% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.187441% 0.000000% 0.093721% 0.000000% 0.281162% 0.300138% 0.000000% 0.075999% 0.000000% 0.376137% 150 Days 0.000000% 0.000000% 0.093721% 0.000000% 0.093721% 0.000000% 0.000000% 0.085227% 0.000000% 0.085227% 180+ Days 0.093721% 0.000000% 0.093721% 0.000000% 0.187441% 0.111629% 0.000000% 0.080746% 0.000000% 0.192375% Totals 1.686973% 0.093721% 0.281162% 0.000000% 2.061856% 2.080959% 0.066704% 0.241972% 0.000000% 2.389634%
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 1 666,460.05 0.00 0.00 0.00 666,460.05 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 1 476,343.45 0.00 0.00 0.00 476,343.45 150 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 2 0 0 0 2 1,142,803.50 0.00 0.00 0.00 1,142,803.50 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.847458% 0.000000% 0.000000% 0.000000% 0.847458% 1.435423% 0.000000% 0.000000% 0.000000% 1.435423% 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 0.847458% 0.000000% 0.000000% 0.000000% 0.847458% 1.025950% 0.000000% 0.000000% 0.000000% 1.025950% 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 1.694915% 0.000000% 0.000000% 0.000000% 1.694915% 2.461373% 0.000000% 0.000000% 0.000000% 2.461373% 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 1 612,636.17 0.00 0.00 0.00 612,636.17 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 1 612,636.17 0.00 0.00 0.00 612,636.17 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% 7.287519% 0.000000% 0.000000% 0.000000% 7.287519% 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% 7.287519% 0.000000% 0.000000% 0.000000% 7.287519% 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 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 1 0 0 1 272,407.38 0.00 0.00 272,407.38 30 Days 8 0 0 0 8 3,589,904.77 0.00 0.00 0.00 3,589,904.77 60 Days 5 0 0 0 5 1,947,713.92 0.00 0.00 0.00 1,947,713.92 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 1 0 2 749,372.77 0.00 310,366.85 0.00 1,059,739.62 150 Days 0 0 1 0 1 0.00 0.00 348,053.24 0.00 348,053.24 180 Days 1 0 1 0 2 455,876.22 0.00 329,754.61 0.00 785,630.83 Totals 15 1 3 0 19 6,742,867.68 272,407.38 988,174.70 0.00 8,003,449.76 0-29 Days 0.108578% 0.000000% 0.000000% 0.108578% 0.078219% 0.000000% 0.000000% 0.078219% 30 Days 0.868621% 0.000000% 0.000000% 0.000000% 0.868621% 1.030802% 0.000000% 0.000000% 0.000000% 1.030802% 60 Days 0.542888% 0.000000% 0.000000% 0.000000% 0.542888% 0.559265% 0.000000% 0.000000% 0.000000% 0.559265% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.108578% 0.000000% 0.108578% 0.000000% 0.217155% 0.215174% 0.000000% 0.089118% 0.000000% 0.304293% 150 Days 0.000000% 0.000000% 0.108578% 0.000000% 0.108578% 0.000000% 0.000000% 0.099940% 0.000000% 0.099940% 180 Days 0.108578% 0.000000% 0.108578% 0.000000% 0.217155% 0.130900% 0.000000% 0.094685% 0.000000% 0.225585% Totals 1.628664% 0.108578% 0.325733% 0.000000% 2.062975% 1.936140% 0.078219% 0.283743% 0.000000% 2.298102% 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 66,506.97
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.361380% Weighted Average Net Coupon 7.111380% Weighted Average Pass-Through Rate 6.995128% Weighted Average Maturity(Stepdown Calculation ) 335 Beginning Scheduled Collateral Loan Count 1,181 Number Of Loans Paid In Full 114 Ending Scheduled Collateral Loan Count 1,067 Beginning Scheduled Collateral Balance 452,873,177.51 Ending Scheduled Collateral Balance 408,015,082.42 Ending Actual Collateral Balance at 31-Jul-2002 408,384,204.65 Monthly P &I Constant 3,243,890.50 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 408,015,082.42 Scheduled Principal 465,747.51 Unscheduled Principal 44,392,347.58
Group Level Collateral Statement Group Group 1 Group 1 Group 1 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.755539 8.360922 8.178429 Weighted Average Net Rate 7.505539 8.110922 7.928432 Pass-Through Rate 7.505539 8.110922 7.928429 Weighted Average Maturity 334 339 339 Beginning Loan Count 133 20 12 Loans Paid In Full 15 2 2 Ending Loan Count 118 18 10 Beginning Scheduled Balance 52,284,397.08 9,145,437.75 6,362,186.83 Ending scheduled Balance 46,388,161.18 8,400,556.97 5,280,719.74 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal And Interest Constant 387,822.34 70,441.52 48,611.91 Scheduled Principal 49,910.92 6,721.28 5,251.33 Unscheduled Principal 5,846,324.98 738,159.50 1,076,215.76 Scheduled Interest 337,911.42 63,720.24 43,360.58 Servicing Fees 10,892.59 1,905.30 1,325.44 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 327,018.83 61,814.94 42,035.14 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
Group Level Collateral Statement Group Group 2 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.270626 7.361380 Weighted Average Net Rate 7.020626 7.111380 Pass-Through Rate 6.883908 6.995128 Weighted Average Maturity 331 335 Beginning Loan Count 1,016 1,181 Loans Paid In Full 95 114 Ending Loan Count 921 1,067 Beginning Scheduled Balance 385,081,155.85 452,873,177.51 Ending scheduled Balance 347,945,644.53 408,015,082.42 Record Date 07/31/2002 07/31/2002 Principal And Interest Constant 2,737,014.73 3,243,890.50 Scheduled Principal 403,863.98 465,747.51 Unscheduled Principal 36,731,647.34 44,392,347.58 Scheduled Interest 2,333,150.75 2,778,142.99 Servicing Fees 80,225.24 94,348.57 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 43,872.78 43,872.78 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 2,209,052.73 2,639,921.64 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
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