-----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, DnC/V87//ogiJRcOsZ4xjj9a8ymEP/Y4w8dSIULEhIBad/1jPzyK61t5z2rCijiH CJT5qw7FyypWtEfqc0MqWw== 0001056404-02-001560.txt : 20021210 0001056404-02-001560.hdr.sgml : 20021210 20021209173236 ACCESSION NUMBER: 0001056404-02-001560 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021210 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: 02852760 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 NOVEMBER 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): November 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 333-55240-01 Pooling and Servicing Agreement) (Commission 90-0030641 (State or other File Number) 90-0031689 jurisdiction 90-0031688 of Incorporation) IRS EIN 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 November 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 November 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: 12/3/02 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 November 25, 2002 distribution.
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 10/31/02 11/25/02 Distribution Date: 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 6.97939% 32,921,492.31 191,476.47 2,564,759.93 1-X-1 07384MBR2 Sen 0.50600% 0.00 13,881.90 0.00 1-A-2 07384MBS0 Sen 8.14682% 5,372,193.82 36,471.92 295,887.01 1-A-3 07384MBT8 Sen 7.94777% 3,853,973.14 25,525.40 117,508.75 2-A-1 07384MBZ4 Sen 6.88006% 164,031,297.32 940,454.28 22,940,241.43 2-A-2A 07384MCA8 Sen 5.72091% 0.00 0.00 0.00 2-A-2B 07384MCB6 Sen 5.92091% 0.00 0.00 0.00 2-A-2C 07384MCC4 Sen 5.95000% 81,102,981.87 402,135.62 11,342,481.68 2-X-2 07384MCD2 Sen 0.93006% 0.00 62,858.86 0.00 1-B-1 07384MBW1 Sub 7.63718% 2,708,448.05 17,237.43 88,421.52 1-B-2 07384MBX9 Sub 7.63718% 2,256,934.20 14,363.85 73,681.14 1-B-3 07384MBY7 Sub 7.63718% 1,173,670.44 7,469.61 38,316.31 1-B-4 07384MCK6 Sub 7.63718% 812,563.28 5,171.41 26,527.40 1-B-5 07384MCL4 Sub 7.63718% 631,923.10 4,021.76 20,630.12 1-B-6 07384MCM2 Sub 7.63718% 541,778.90 3,448.05 17,687.22 R-1 BST0102RI Res 7.50132% 0.00 0.00 0.00 R-2 07384MBU5 Res 7.50132% 0.00 0.01 0.00 R-X 07384MBV3 Res 0.00000% 0.00 5,894.31 0.00 2-B-1 07384MCG5 Sub 6.88006% 7,250,526.22 41,570.05 492,970.38 2-B-2 07384MCH3 Sub 6.88006% 3,172,086.27 18,186.79 215,673.25 2-B-3 07384MCJ9 Sub 6.88006% 3,172,086.27 18,186.79 215,673.25 2-B-4 07384MCN0 Sub 6.88006% 2,718,939.75 15,588.72 184,863.38 2-B-5 07384MCP5 Sub 6.88006% 906,293.04 5,196.13 61,619.75 2-B-6 07384MCQ3 Sub 6.88006% 906,374.91 5,196.59 61,625.32 Totals 313,533,562.89 1,834,335.95 38,758,567.84
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 30,356,732.38 2,756,236.40 0.00 1-X-1 0.00 0.00 13,881.90 0.00 1-A-2 0.00 5,076,306.82 332,358.93 0.00 1-A-3 0.00 3,736,464.39 143,034.15 0.00 2-A-1 0.00 141,091,055.89 23,880,695.71 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 69,760,500.19 11,744,617.30 0.00 2-X-2 0.00 0.00 62,858.86 0.00 1-B-1 0.00 2,620,026.53 105,658.95 0.00 1-B-2 0.00 2,183,253.06 88,044.99 0.00 1-B-3 0.00 1,135,354.14 45,785.92 0.00 1-B-4 0.00 786,035.88 31,698.81 0.00 1-B-5 0.00 611,292.99 24,651.88 0.00 1-B-6 0.00 524,091.68 21,135.27 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.01 0.00 R-X 0.00 0.00 5,894.31 0.00 2-B-1 0.00 6,757,555.85 534,540.43 0.00 2-B-2 0.00 2,956,413.02 233,860.04 0.00 2-B-3 0.00 2,956,413.02 233,860.04 0.00 2-B-4 0.00 2,534,076.38 200,452.10 0.00 2-B-5 0.00 844,673.28 66,815.88 0.00 2-B-6 0.00 844,749.59 66,821.91 0.00 Totals 0.00 274,774,995.09 40,592,903.79 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 32,921,492.31 33,617.87 2,531,142.05 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 5,372,193.82 4,015.24 291,871.77 0.00 0.00 1-A-3 20,434,500.00 3,853,973.14 4,338.95 113,169.80 0.00 0.00 2-A-1 980,000,000.00 164,031,297.32 176,667.56 22,763,573.87 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 81,102,981.87 87,350.81 11,255,130.87 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 2,708,448.05 2,650.04 85,771.48 0.00 0.00 1-B-2 3,909,400.00 2,256,934.20 2,208.26 71,472.88 0.00 0.00 1-B-3 2,033,000.00 1,173,670.44 1,148.36 37,167.95 0.00 0.00 1-B-4 1,407,500.00 812,563.28 795.04 25,732.36 0.00 0.00 1-B-5 1,094,600.00 631,923.10 618.30 20,011.82 0.00 0.00 1-B-6 938,455.00 541,778.90 530.10 17,157.12 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 7,250,526.22 7,809.08 485,161.30 0.00 0.00 2-B-2 5,230,500.00 3,172,086.27 3,416.45 212,256.80 0.00 0.00 2-B-3 5,230,500.00 3,172,086.27 3,416.45 212,256.80 0.00 0.00 2-B-4 4,483,300.00 2,718,939.75 2,928.40 181,934.98 0.00 0.00 2-B-5 1,494,400.00 906,293.04 976.11 60,643.64 0.00 0.00 2-B-6 1,494,535.00 906,374.91 976.20 60,649.12 0.00 0.00 Totals 1,807,197,590.0 313,533,562.89 333,463.22 38,425,104.61 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 2,564,759.93 30,356,732.38 0.13809292 2,564,759.93 1-X-1 0.00 0.00 0.00000000 0.00 1-A-2 295,887.01 5,076,306.82 0.08688706 295,887.01 1-A-3 117,508.75 3,736,464.39 0.18285079 117,508.75 2-A-1 22,940,241.43 141,091,055.89 0.14397047 22,940,241.43 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 11,342,481.68 69,760,500.19 0.47827452 11,342,481.68 2-X-2 0.00 0.00 0.00000000 0.00 1-B-1 88,421.52 2,620,026.53 0.55846244 88,421.52 1-B-2 73,681.14 2,183,253.06 0.55846244 73,681.14 1-B-3 38,316.31 1,135,354.14 0.55846244 38,316.31 1-B-4 26,527.40 786,035.88 0.55846244 26,527.40 1-B-5 20,630.12 611,292.99 0.55846244 20,630.12 1-B-6 17,687.22 524,091.68 0.55846224 17,687.22 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-1 492,970.38 6,757,555.85 0.56522570 492,970.38 2-B-2 215,673.25 2,956,413.02 0.56522570 215,673.25 2-B-3 215,673.25 2,956,413.02 0.56522570 215,673.25 2-B-4 184,863.38 2,534,076.38 0.56522570 184,863.38 2-B-5 61,619.75 844,673.28 0.56522570 61,619.75 2-B-6 61,625.32 844,749.59 0.56522570 61,625.32 Totals 38,758,567.84 274,774,995.09 0.15204480 38,758,567.84
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 219,828,300.00 149.76002776 0.15292785 11.51417743 0.00000000 1-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,424,200.00 91.95151701 0.06872563 4.99573413 0.00000000 1-A-3 20,434,500.00 188.60129389 0.21233453 5.53817319 0.00000000 2-A-1 980,000,000.00 167.37887482 0.18027302 23.22813660 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 145,858,700.00 556.03801398 0.59887281 77.16461802 0.00000000 2-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 4,691,500.00 577.30961313 0.56485985 18.28231482 0.00000000 1-B-2 3,909,400.00 577.30961273 0.56485906 18.28231442 0.00000000 1-B-3 2,033,000.00 577.30961141 0.56485981 18.28231677 0.00000000 1-B-4 1,407,500.00 577.30961279 0.56485968 18.28231616 0.00000000 1-B-5 1,094,600.00 577.30961082 0.56486388 18.28231317 0.00000000 1-B-6 938,455.00 577.30940748 0.56486459 18.28230443 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 11,955,500.00 606.45947221 0.65317887 40.58059471 0.00000000 2-B-2 5,230,500.00 606.45947233 0.65317847 40.58059459 0.00000000 2-B-3 5,230,500.00 606.45947233 0.65317847 40.58059459 0.00000000 2-B-4 4,483,300.00 606.45947182 0.65317958 40.58059465 0.00000000 2-B-5 1,494,400.00 606.45947537 0.65317853 40.58059422 0.00000000 2-B-6 1,494,535.00 606.45947402 0.65317975 40.58059530 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 11.66710533 138.09292243 0.13809292 11.66710533 1-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 0.00000000 5.06445976 86.88705742 0.08688706 5.06445976 1-A-3 0.00000000 5.75050772 182.85078617 0.18285079 5.75050772 2-A-1 0.00000000 23.40840962 143.97046519 0.14397047 23.40840962 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 77.76349083 478.27452315 0.47827452 77.76349083 2-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 18.84717468 558.46243845 0.55846244 18.84717468 1-B-2 0.00000000 18.84717348 558.46243925 0.55846244 18.84717348 1-B-3 0.00000000 18.84717659 558.46243974 0.55846244 18.84717659 1-B-4 0.00000000 18.84717584 558.46243694 0.55846244 18.84717584 1-B-5 0.00000000 18.84717705 558.46244290 0.55846244 18.84717705 1-B-6 0.00000000 18.84716902 558.46223847 0.55846224 18.84716902 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 41.23377358 565.22569947 0.56522570 41.23377358 2-B-2 0.00000000 41.23377306 565.22569926 0.56522570 41.23377306 2-B-3 0.00000000 41.23377306 565.22569926 0.56522570 41.23377306 2-B-4 0.00000000 41.23377423 565.22569982 0.56522570 41.23377423 2-B-5 0.00000000 41.23377275 565.22569593 0.56522570 41.23377275 2-B-6 0.00000000 41.23377505 565.22569896 0.56522570 41.23377505 (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 6.97939% 32,921,492.31 191,476.47 0.00 0.00 1-X-1 0.00 0.50600% 32,921,492.31 13,881.90 0.00 0.00 1-A-2 58,424,200.00 8.14682% 5,372,193.82 36,471.92 0.00 0.00 1-A-3 20,434,500.00 7.94777% 3,853,973.14 25,525.40 0.00 0.00 2-A-1 980,000,000.00 6.88006% 164,031,297.32 940,454.28 0.00 0.00 2-A-2A 197,774,400.00 5.72091% 0.00 0.00 0.00 0.00 2-A-2B 140,914,200.00 5.92091% 0.00 0.00 0.00 0.00 2-A-2C 145,858,700.00 5.95000% 81,102,981.87 402,135.62 0.00 0.00 2-X-2 0.00 0.93006% 81,102,981.87 62,858.86 0.00 0.00 1-B-1 4,691,500.00 7.63718% 2,708,448.05 17,237.43 0.00 0.00 1-B-2 3,909,400.00 7.63718% 2,256,934.20 14,363.85 0.00 0.00 1-B-3 2,033,000.00 7.63718% 1,173,670.44 7,469.61 0.00 0.00 1-B-4 1,407,500.00 7.63718% 812,563.28 5,171.41 0.00 0.00 1-B-5 1,094,600.00 7.63718% 631,923.10 4,021.76 0.00 0.00 1-B-6 938,455.00 7.63718% 541,778.90 3,448.05 0.00 0.00 R-1 50.00 7.50132% 0.00 0.00 0.00 0.00 R-2 50.00 7.50132% 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 6.88006% 7,250,526.22 41,570.05 0.00 0.00 2-B-2 5,230,500.00 6.88006% 3,172,086.27 18,186.79 0.00 0.00 2-B-3 5,230,500.00 6.88006% 3,172,086.27 18,186.79 0.00 0.00 2-B-4 4,483,300.00 6.88006% 2,718,939.75 15,588.72 0.00 0.00 2-B-5 1,494,400.00 6.88006% 906,293.04 5,196.13 0.00 0.00 2-B-6 1,494,535.00 6.88006% 906,374.91 5,196.59 0.00 0.00 Totals 1,807,197,590.0 1,828,441.63 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 0.00 191,476.47 0.00 30,356,732.38 1-X-1 0.00 0.00 13,881.90 0.00 30,356,732.38 1-A-2 0.00 0.00 36,471.92 0.00 5,076,306.82 1-A-3 0.00 0.00 25,525.40 0.00 3,736,464.39 2-A-1 0.00 0.00 940,454.28 0.00 141,091,055.89 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 0.00 402,135.62 0.00 69,760,500.19 2-X-2 0.00 0.00 62,858.86 0.00 69,760,500.19 1-B-1 0.00 0.00 17,237.43 0.00 2,620,026.53 1-B-2 0.00 0.00 14,363.85 0.00 2,183,253.06 1-B-3 0.00 0.00 7,469.61 0.00 1,135,354.14 1-B-4 0.00 0.00 5,171.41 0.00 786,035.88 1-B-5 0.00 0.00 4,021.76 0.00 611,292.99 1-B-6 0.00 0.00 3,448.05 0.00 524,091.68 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.01 0.00 0.00 R-X 0.00 0.00 5,894.31 0.00 0.00 2-B-1 0.00 0.00 41,570.05 0.00 6,757,555.85 2-B-2 0.00 0.00 18,186.79 0.00 2,956,413.02 2-B-3 0.00 0.00 18,186.79 0.00 2,956,413.02 2-B-4 0.00 0.00 15,588.72 0.00 2,534,076.38 2-B-5 0.00 0.00 5,196.13 0.00 844,673.28 2-B-6 0.00 0.00 5,196.59 0.00 844,749.59 Totals 0.00 0.00 1,834,335.95 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 6.97939% 149.76002776 0.87102739 0.00000000 0.00000000 1-X-1 0.00 0.50600% 149.76002776 0.06314883 0.00000000 0.00000000 1-A-2 58,424,200.00 8.14682% 91.95151701 0.62426049 0.00000000 0.00000000 1-A-3 20,434,500.00 7.94777% 188.60129389 1.24913259 0.00000000 0.00000000 2-A-1 980,000,000.00 6.88006% 167.37887482 0.95964722 0.00000000 0.00000000 2-A-2A 197,774,400.00 5.72091% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2B 140,914,200.00 5.92091% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-2C 145,858,700.00 5.95000% 556.03801398 2.75702183 0.00000000 0.00000000 2-X-2 0.00 0.93006% 167.37887482 0.12972698 0.00000000 0.00000000 1-B-1 4,691,500.00 7.63718% 577.30961313 3.67418310 0.00000000 0.00000000 1-B-2 3,909,400.00 7.63718% 577.30961273 3.67418274 0.00000000 0.00000000 1-B-3 2,033,000.00 7.63718% 577.30961141 3.67418101 0.00000000 0.00000000 1-B-4 1,407,500.00 7.63718% 577.30961279 3.67418117 0.00000000 0.00000000 1-B-5 1,094,600.00 7.63718% 577.30961082 3.67418235 0.00000000 0.00000000 1-B-6 938,455.00 7.63718% 577.30940748 3.67417724 0.00000000 0.00000000 R-1 50.00 7.50132% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.50132% 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 6.88006% 606.45947221 3.47706495 0.00000000 0.00000000 2-B-2 5,230,500.00 6.88006% 606.45947233 3.47706529 0.00000000 0.00000000 2-B-3 5,230,500.00 6.88006% 606.45947233 3.47706529 0.00000000 0.00000000 2-B-4 4,483,300.00 6.88006% 606.45947182 3.47706377 0.00000000 0.00000000 2-B-5 1,494,400.00 6.88006% 606.45947537 3.47706772 0.00000000 0.00000000 2-B-6 1,494,535.00 6.88006% 606.45947402 3.47706143 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 0.87102739 0.00000000 138.09292243 1-X-1 0.00000000 0.00000000 0.06314883 0.00000000 138.09292243 1-A-2 0.00000000 0.00000000 0.62426049 0.00000000 86.88705742 1-A-3 0.00000000 0.00000000 1.24913259 0.00000000 182.85078617 2-A-1 0.00000000 0.00000000 0.95964722 0.00000000 143.97046519 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 2.75702183 0.00000000 478.27452315 2-X-2 0.00000000 0.00000000 0.12972698 0.00000000 143.97046520 1-B-1 0.00000000 0.00000000 3.67418310 0.00000000 558.46243845 1-B-2 0.00000000 0.00000000 3.67418274 0.00000000 558.46243925 1-B-3 0.00000000 0.00000000 3.67418101 0.00000000 558.46243974 1-B-4 0.00000000 0.00000000 3.67418117 0.00000000 558.46243694 1-B-5 0.00000000 0.00000000 3.67418235 0.00000000 558.46244290 1-B-6 0.00000000 0.00000000 3.67417724 0.00000000 558.46223847 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.20000000 0.00000000 0.00000000 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 0.00000000 3.47706495 0.00000000 565.22569947 2-B-2 0.00000000 0.00000000 3.47706529 0.00000000 565.22569926 2-B-3 0.00000000 0.00000000 3.47706529 0.00000000 565.22569926 2-B-4 0.00000000 0.00000000 3.47706377 0.00000000 565.22569982 2-B-5 0.00000000 0.00000000 3.47706772 0.00000000 565.22569593 2-B-6 0.00000000 0.00000000 3.47706143 0.00000000 565.22569896 (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 40,635,197.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 53,035.29 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 40,688,233.05 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 95,329.26 Payment of Interest and Principal 40,592,903.79 Total Withdrawals (Pool Distribution Amount) 40,688,233.05 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 65,319.50 Supplemental PMI 30,009.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 95,329.26
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 9 1 0 0 10 3,719,647.44 271,891.18 0.00 0.00 3,991,538.62 60 Days 2 0 0 0 2 1,027,201.81 0.00 0.00 0.00 1,027,201.81 90 Days 1 0 0 0 1 286,028.49 0.00 0.00 0.00 286,028.49 120 Days 0 0 1 0 1 0.00 0.00 348,114.01 0.00 348,114.01 150 Days 1 0 0 0 1 475,935.93 0.00 0.00 0.00 475,935.93 180+ Days 0 0 3 0 3 0.00 0.00 1,555,470.83 0.00 1,555,470.83 Totals 13 1 4 0 18 5,508,813.67 271,891.18 1,903,584.84 0.00 7,684,289.69 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 1.243094% 0.138122% 0.000000% 0.000000% 1.381215% 1.352248% 0.098844% 0.000000% 0.000000% 1.451092% 60 Days 0.276243% 0.000000% 0.000000% 0.000000% 0.276243% 0.373431% 0.000000% 0.000000% 0.000000% 0.373431% 90 Days 0.138122% 0.000000% 0.000000% 0.000000% 0.138122% 0.103983% 0.000000% 0.000000% 0.000000% 0.103983% 120 Days 0.000000% 0.000000% 0.138122% 0.000000% 0.138122% 0.000000% 0.000000% 0.126554% 0.000000% 0.126554% 150 Days 0.138122% 0.000000% 0.000000% 0.000000% 0.138122% 0.173023% 0.000000% 0.000000% 0.000000% 0.173023% 180+ Days 0.000000% 0.000000% 0.414365% 0.000000% 0.414365% 0.000000% 0.000000% 0.565479% 0.000000% 0.565479% Totals 1.795580% 0.138122% 0.552486% 0.000000% 2.486188% 2.002686% 0.098844% 0.692033% 0.000000% 2.793563%
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 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 1 0 0 0 1 286,028.49 0.00 0.00 0.00 286,028.49 120 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 1 0 1 0.00 0.00 476,343.45 0.00 476,343.45 Totals 1 0 1 0 2 286,028.49 0.00 476,343.45 0.00 762,371.94 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 1.086957% 0.000000% 0.000000% 0.000000% 1.086957% 0.788642% 0.000000% 0.000000% 0.000000% 0.788642% 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% 1.086957% 0.000000% 1.086957% 0.000000% 0.000000% 1.313380% 0.000000% 1.313380% Totals 1.086957% 0.000000% 1.086957% 0.000000% 2.173913% 0.788642% 0.000000% 1.313380% 0.000000% 2.102022% 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 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 9 1 0 0 10 3,719,647.44 271,891.18 0.00 0.00 3,991,538.62 60 Days 2 0 0 0 2 1,027,201.81 0.00 0.00 0.00 1,027,201.81 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 1 0 1 0.00 0.00 348,114.01 0.00 348,114.01 150 Days 1 0 0 0 1 475,935.93 0.00 0.00 0.00 475,935.93 180 Days 0 0 2 0 2 0.00 0.00 1,079,127.38 0.00 1,079,127.38 Totals 12 1 3 0 16 5,222,785.18 271,891.18 1,427,241.39 0.00 6,921,917.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.475410% 0.163934% 0.000000% 0.000000% 1.639344% 1.631470% 0.119254% 0.000000% 0.000000% 1.750724% 60 Days 0.327869% 0.000000% 0.000000% 0.000000% 0.327869% 0.450540% 0.000000% 0.000000% 0.000000% 0.450540% 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% 0.163934% 0.000000% 0.163934% 0.000000% 0.000000% 0.152686% 0.000000% 0.152686% 150 Days 0.163934% 0.000000% 0.000000% 0.000000% 0.163934% 0.208750% 0.000000% 0.000000% 0.000000% 0.208750% 180 Days 0.000000% 0.000000% 0.327869% 0.000000% 0.327869% 0.000000% 0.000000% 0.473315% 0.000000% 0.473315% Totals 1.967213% 0.163934% 0.491803% 0.000000% 2.622951% 2.290760% 0.119254% 0.626001% 0.000000% 3.036015%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 53,035.29
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.362928% Weighted Average Net Coupon 7.112928% Weighted Average Pass-Through Rate 6.998070% Weighted Average Maturity(Stepdown Calculation ) 332 Beginning Scheduled Collateral Loan Count 826 Number Of Loans Paid In Full 102 Ending Scheduled Collateral Loan Count 724 Beginning Scheduled Collateral Balance 313,533,563.20 Ending Scheduled Collateral Balance 274,774,995.37 Ending Actual Collateral Balance at 31-Oct-2002 275,071,303.90 Monthly P &I Constant 2,257,234.09 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 274,774,995.37 Scheduled Principal 333,463.21 Unscheduled Principal 38,425,104.62
Group Level Collateral Statement Group Group 1 Group 1 Group 1 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.735385 8.396822 8.197766 Weighted Average Net Rate 7.485385 8.146824 7.947763 Weighted Average Maturity 331 336 336 Beginning Loan Count 100 14 9 Loans Paid In Full 8 1 0 Ending Loan Count 92 13 9 Beginning Scheduled Balance 39,016,012.42 6,851,192.10 4,405,772.75 Ending scheduled Balance 36,230,591.59 6,518,883.94 4,280,082.35 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal And Interest Constant 291,344.53 53,060.86 35,058.10 Scheduled Principal 39,841.31 5,120.66 4,960.19 Unscheduled Principal 2,745,579.52 327,187.50 120,730.21 Scheduled Interest 251,503.22 47,940.20 30,097.91 Servicing Fees 8,128.33 1,427.32 917.88 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 243,374.89 46,512.88 29,180.03 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 7.485385 8.146822 7.947766
Group Level Collateral Statement Group Group 2 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.266851 7.362928 Weighted Average Net Rate 7.016851 7.112928 Weighted Average Maturity 328 332 Beginning Loan Count 703 826 Loans Paid In Full 93 102 Ending Loan Count 610 724 Beginning Scheduled Balance 263,260,585.93 313,533,563.20 Ending scheduled Balance 227,745,437.49 274,774,995.37 Record Date 10/31/2002 10/31/2002 Principal And Interest Constant 1,877,770.60 2,257,234.09 Scheduled Principal 283,541.05 333,463.21 Unscheduled Principal 35,231,607.39 38,425,104.62 Scheduled Interest 1,594,229.55 1,923,770.88 Servicing Fees 54,845.97 65,319.50 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 30,009.76 30,009.76 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 1,509,373.82 1,828,441.62 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 6.880060 6.998070
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