-----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, KYS8uMm9C2HAVRWHqaNL8Yifhj2OS0Djn2eD0bCFvksz6RjpJlVxD1oTQGz0PG1U ePqTWGpuOTuVMz+xdRyrXg== 0001056404-03-000643.txt : 20030408 0001056404-03-000643.hdr.sgml : 20030408 20030408150107 ACCESSION NUMBER: 0001056404-03-000643 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-5 CENTRAL INDEX KEY: 0001144128 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56240-02 FILM NUMBER: 03642605 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBI STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bst01005.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, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-02 Pooling and Servicing Agreement) (Commission 90-0031691 (State or other File Number) 90-0031692 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 March 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-5 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 2001-5 Trust, relating to the March 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-5 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 4/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-5 Trust, relating to the March 25, 2003 distribution.
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 2/28/03 Distribution Date: 3/25/03 BST Series: 2001-5 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 I-A 07384MEJ7 SEN 6.54744% 6,031,426.74 32,848.86 1,612,680.43 R-I 07384MEK4 RES 6.63016% 0.00 0.00 0.00 R-II 07384MEL2 RES 6.63016% 0.00 0.00 0.00 II-A-1 07384MEM0 SEN 5.01711% 0.00 0.00 0.00 II-A-2 07384MEN8 SEN 5.96711% 0.00 0.00 0.00 II-A-3 07384MEP3 SEN 6.22000% 46,197,483.12 238,998.79 5,752,820.61 II-X 07384MEQ1 SEN 0.26194% 0.00 10,084.05 0.00 III-A 07384MER9 SEN 6.02700% 44,400,527.31 222,561.45 4,877,988.41 III-X 07384MEW8 SEN 0.30200% 0.00 11,174.13 0.00 IV-A 07384MES7 SEN 6.83547% 13,661,880.73 77,685.67 1,377,165.92 B-1 07384MET5 SUB 6.46300% 2,408,755.62 12,949.26 147,288.94 B-2 07384MEU2 SUB 6.46300% 1,284,599.63 6,905.89 78,549.82 B-3 07384MEV0 SUB 6.46300% 1,124,080.96 6,042.96 68,734.53 B-4 07384MEX6 SUB 6.46300% 642,299.81 3,452.95 39,274.91 B-5 07384MEY4 SUB 6.46300% 481,706.10 2,589.61 29,455.04 B-6 07384MEZ1 SUB 6.46300% 481,874.80 2,590.52 29,465.35 Totals 116,714,634.82 627,884.14 14,013,423.96
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 4,418,746.31 1,645,529.29 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 II-A-3 0.00 40,444,662.51 5,991,819.40 0.00 II-X 0.00 0.00 10,084.05 0.00 III-A 0.00 39,522,538.89 5,100,549.86 0.00 III-X 0.00 0.00 11,174.13 0.00 IV-A 0.00 12,284,714.81 1,454,851.59 0.00 B-1 0.00 2,261,466.68 160,238.20 0.00 B-2 0.00 1,206,049.80 85,455.71 0.00 B-3 0.00 1,055,346.42 74,777.49 0.00 B-4 0.00 603,024.90 42,727.86 0.00 B-5 0.00 452,251.06 32,044.65 0.00 B-6 0.00 452,409.45 32,055.87 0.00 Totals 0.00 102,701,210.83 14,641,308.10 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) I-A 25,257,000.00 6,031,426.74 6,747.50 1,605,932.93 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 0.00 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 0.00 0.00 0.00 0.00 0.00 II-A-3 46,590,200.00 46,197,483.12 1,191.91 5,751,628.70 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 156,507,600.00 44,400,527.31 9,030.32 4,868,958.09 0.00 0.00 III-X 0.00 0.00 0.00 0.00 0.00 0.00 IV-A 39,543,600.00 13,661,880.73 14.43 1,377,151.49 0.00 0.00 B-1 3,209,800.00 2,408,755.62 383.71 146,905.23 0.00 0.00 B-2 1,711,800.00 1,284,599.63 204.64 78,345.18 0.00 0.00 B-3 1,497,900.00 1,124,080.96 179.07 68,555.47 0.00 0.00 B-4 855,900.00 642,299.81 102.32 39,172.59 0.00 0.00 B-5 641,900.00 481,706.10 76.74 29,378.30 0.00 0.00 B-6 642,124.78 481,874.80 76.76 29,388.59 0.00 0.00 Totals 427,957,924.78 116,714,634.82 18,007.40 13,995,416.57 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 I-A 1,612,680.43 4,418,746.31 0.17495135 1,612,680.43 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 0.00 0.00 0.00000000 0.00 II-A-3 5,752,820.61 40,444,662.51 0.86809377 5,752,820.61 II-X 0.00 0.00 0.00000000 0.00 III-A 4,877,988.41 39,522,538.89 0.25252792 4,877,988.41 III-X 0.00 0.00 0.00000000 0.00 IV-A 1,377,165.92 12,284,714.81 0.31066253 1,377,165.92 B-1 147,288.94 2,261,466.68 0.70455065 147,288.94 B-2 78,549.82 1,206,049.80 0.70455065 78,549.82 B-3 68,734.53 1,055,346.42 0.70455065 68,734.53 B-4 39,274.91 603,024.90 0.70455065 39,274.91 B-5 29,455.04 452,251.06 0.70455065 29,455.04 B-6 29,465.35 452,409.45 0.70455068 29,465.35 Totals 14,013,423.96 102,701,210.83 0.23997969 14,013,423.96
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 25,257,000.00 238.80218316 0.26715366 63.58367700 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 991.57082648 0.02558285 123.45147048 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 156,507,600.00 283.69566277 0.05769892 31.11004252 0.00000000 III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 39,543,600.00 345.48904829 0.00036491 34.82615366 0.00000000 B-1 3,209,800.00 750.43791513 0.11954327 45.76772073 0.00000000 B-2 1,711,800.00 750.43791915 0.11954668 45.76771819 0.00000000 B-3 1,497,900.00 750.43791975 0.11954737 45.76772148 0.00000000 B-4 855,900.00 750.43791331 0.11954668 45.76771819 0.00000000 B-5 641,900.00 750.43791868 0.11955133 45.76772083 0.00000000 B-6 642,124.78 750.43794448 0.11954063 45.76772446 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 I-A 0.00000000 63.85083066 174.95135250 0.17495135 63.85083066 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 123.47705333 868.09377315 0.86809377 123.47705333 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 31.16774144 252.52792126 0.25252792 31.16774144 III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 0.00000000 34.82651858 310.66252971 0.31066253 34.82651858 B-1 0.00000000 45.88726400 704.55065113 0.70455065 45.88726400 B-2 0.00000000 45.88726487 704.55064844 0.70455065 45.88726487 B-3 0.00000000 45.88726217 704.55065091 0.70455065 45.88726217 B-4 0.00000000 45.88726487 704.55064844 0.70455065 45.88726487 B-5 0.00000000 45.88727216 704.55064652 0.70455065 45.88727216 B-6 0.00000000 45.88726509 704.55067939 0.70455068 45.88726509 (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 I-A 25,257,000.00 6.54744% 6,031,426.74 32,908.67 0.00 0.00 R-I 50.00 6.63016% 0.00 0.00 0.00 0.00 R-II 50.00 6.63016% 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 5.01711% 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 5.96711% 0.00 0.00 0.00 0.00 II-A-3 46,590,200.00 6.22000% 46,197,483.12 239,456.95 0.00 0.00 II-X 0.00 0.26194% 46,197,483.12 10,084.05 0.00 0.00 III-A 156,507,600.00 6.02700% 44,400,527.31 223,001.79 0.00 0.00 III-X 0.00 0.30200% 44,400,527.31 11,174.13 0.00 0.00 IV-A 39,543,600.00 6.83547% 13,661,880.73 77,821.16 0.00 0.00 B-1 3,209,800.00 6.46300% 2,408,755.62 12,973.15 0.00 0.00 B-2 1,711,800.00 6.46300% 1,284,599.63 6,918.63 0.00 0.00 B-3 1,497,900.00 6.46300% 1,124,080.96 6,054.11 0.00 0.00 B-4 855,900.00 6.46300% 642,299.81 3,459.32 0.00 0.00 B-5 641,900.00 6.46300% 481,706.10 2,594.39 0.00 0.00 B-6 642,124.78 6.46300% 481,874.80 2,595.30 0.00 0.00 Totals 427,957,924.78 629,041.65 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 I-A 59.82 0.00 32,848.86 0.00 4,418,746.31 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 0.00 II-A-3 458.16 0.00 238,998.79 0.00 40,444,662.51 II-X 0.00 0.00 10,084.05 0.00 40,444,662.51 III-A 440.34 0.00 222,561.45 0.00 39,522,538.89 III-X 0.00 0.00 11,174.13 0.00 39,522,538.89 IV-A 135.49 0.00 77,685.67 0.00 12,284,714.81 B-1 23.89 0.00 12,949.26 0.00 2,261,466.68 B-2 12.74 0.00 6,905.89 0.00 1,206,049.80 B-3 11.15 0.00 6,042.96 0.00 1,055,346.42 B-4 6.37 0.00 3,452.95 0.00 603,024.90 B-5 4.78 0.00 2,589.61 0.00 452,251.06 B-6 4.78 0.00 2,590.52 0.00 452,409.45 Totals 1,157.52 0.00 627,884.14 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 I-A 25,257,000.00 6.54744% 238.80218316 1.30295245 0.00000000 0.00000000 R-I 50.00 6.63016% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.63016% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 5.01711% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 5.96711% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 6.22000% 991.57082648 5.13964203 0.00000000 0.00000000 II-X 0.00 0.26194% 233.21437971 0.05090635 0.00000000 0.00000000 III-A 156,507,600.00 6.02700% 283.69566277 1.42486237 0.00000000 0.00000000 III-X 0.00 0.30200% 283.69566277 0.07139672 0.00000000 0.00000000 IV-A 39,543,600.00 6.83547% 345.48904829 1.96798369 0.00000000 0.00000000 B-1 3,209,800.00 6.46300% 750.43791513 4.04173157 0.00000000 0.00000000 B-2 1,711,800.00 6.46300% 750.43791915 4.04172801 0.00000000 0.00000000 B-3 1,497,900.00 6.46300% 750.43791975 4.04173176 0.00000000 0.00000000 B-4 855,900.00 6.46300% 750.43791331 4.04173385 0.00000000 0.00000000 B-5 641,900.00 6.46300% 750.43791868 4.04173547 0.00000000 0.00000000 B-6 642,124.78 6.46300% 750.43794448 4.04173781 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 I-A 0.00236845 0.00000000 1.30058439 0.00000000 174.95135250 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00983383 0.00000000 5.12980820 0.00000000 868.09377315 II-X 0.00000000 0.00000000 0.05090635 0.00000000 204.17296015 III-A 0.00281354 0.00000000 1.42204883 0.00000000 252.52792126 III-X 0.00000000 0.00000000 0.07139672 0.00000000 252.52792126 IV-A 0.00342634 0.00000000 1.96455735 0.00000000 310.66252971 B-1 0.00744283 0.00000000 4.03428874 0.00000000 704.55065113 B-2 0.00744246 0.00000000 4.03428555 0.00000000 704.55064844 B-3 0.00744375 0.00000000 4.03428800 0.00000000 704.55065091 B-4 0.00744246 0.00000000 4.03429139 0.00000000 704.55064844 B-5 0.00744664 0.00000000 4.03428883 0.00000000 704.55064652 B-6 0.00744404 0.00000000 4.03429377 0.00000000 704.55067939 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage II-X-1 1.46200% 0.00 0.00 0.00 0.00 0.00000000% II-X-2 0.51200% 0.00 0.00 0.00 0.00 0.00000000% II-X-3 0.26194% 46,197,483.12 40,444,662.51 0.00 0.00 86.80937732%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 14,666,062.65 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 21,964.04 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 14,688,026.69 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 46,718.59 Payment of Interest and Principal 14,641,308.10 Total Withdrawals (Pool Distribution Amount) 14,688,026.69 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 3,169.70 Servicing Fee Support 2,012.20 Non-Supported Prepayment/Curtailment Interest Shortfall 1,157.50
SERVICING FEES Gross Servicing Fee 35,539.57 Supplemental PMI Insurance Fee 13,191.22 Supported Prepayment/Curtailment Interest Shortfall 2,012.20 Net Servicing Fee 46,718.59
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 7 0 0 0 7 2,619,809.20 0.00 0.00 0.00 2,619,809.20 60 Days 1 0 0 0 1 287,191.69 0.00 0.00 0.00 287,191.69 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 1 1 0.00 0.00 0.00 641,837.08 641,837.08 Totals 8 0 0 1 9 2,907,000.89 0.00 0.00 641,837.08 3,548,837.97 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 2.755906% 0.000000% 0.000000% 0.000000% 2.755906% 2.550428% 0.000000% 0.000000% 0.000000% 2.550428% 60 Days 0.393701% 0.000000% 0.000000% 0.000000% 0.393701% 0.279586% 0.000000% 0.000000% 0.000000% 0.279586% 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% 0.393701% 0.393701% 0.000000% 0.000000% 0.000000% 0.624839% 0.624839% Totals 3.149606% 0.000000% 0.000000% 0.393701% 3.543307% 2.830014% 0.000000% 0.000000% 0.624839% 3.454853%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 1 352,869.36 0.00 0.00 0.00 352,869.36 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 1 1 0.00 0.00 0.00 641,837.08 641,837.08 Totals 1 0 0 1 2 352,869.36 0.00 0.00 641,837.08 994,706.44 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 9.090909% 0.000000% 0.000000% 0.000000% 9.090909% 7.372538% 0.000000% 0.000000% 0.000000% 7.372538% 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% 9.090909% 9.090909% 0.000000% 0.000000% 0.000000% 13.409973% 13.409973% Totals 9.090909% 0.000000% 0.000000% 9.090909% 18.181818% 7.372538% 0.000000% 0.000000% 13.409973% 20.782511% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 4 0 0 0 4 1,626,939.84 0.00 0.00 0.00 1,626,939.84 60 Days 1 0 0 0 1 287,191.69 0.00 0.00 0.00 287,191.69 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 5 0 0 0 5 1,914,131.53 0.00 0.00 0.00 1,914,131.53 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.571429% 0.000000% 0.000000% 0.000000% 3.571429% 3.761543% 0.000000% 0.000000% 0.000000% 3.761543% 60 Days 0.892857% 0.000000% 0.000000% 0.000000% 0.892857% 0.663997% 0.000000% 0.000000% 0.000000% 0.663997% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.464286% 0.000000% 0.000000% 0.000000% 4.464286% 4.425540% 0.000000% 0.000000% 0.000000% 4.425540% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 640,000.00 0.00 0.00 0.00 640,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 640,000.00 0.00 0.00 0.00 640,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.000000% 0.000000% 0.000000% 0.000000% 2.000000% 1.530858% 0.000000% 0.000000% 0.000000% 1.530858% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.000000% 0.000000% 0.000000% 0.000000% 2.000000% 1.530858% 0.000000% 0.000000% 0.000000% 1.530858% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 21,964.04
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 402,700,924.78 94.09825155% 98,282,464.52 95.69747397% 4.302526% 96.834853% Class R-I 402,700,874.78 94.09823986% 98,282,464.52 95.69747397% 0.000000% 0.000000% Class R-II 402,700,824.78 94.09822818% 98,282,464.52 95.69747397% 0.000000% 0.000000% Class 2A1 308,700,824.78 72.13345209% 98,282,464.52 95.69747397% 0.000000% 0.000000% Class 2A2 251,200,824.78 58.69755182% 98,282,464.52 95.69747397% 0.000000% 0.000000% Class 2A3 204,610,624.78 47.81092085% 57,837,802.01 56.31657264% 39.380901% 21.227473% Class 3A 48,103,024.78 11.24012945% 18,315,263.12 17.83354156% 38.483031% 20.743494% Class B-1 5,349,624.78 1.25003522% 3,769,081.63 3.66994858% 2.201986% 1.186936% Class B-2 3,637,824.78 0.85004263% 2,563,031.83 2.49561988% 1.174329% 0.632998% Class B-3 2,139,924.78 0.50003158% 1,507,685.41 1.46803080% 1.027589% 0.553901% Class B-4 1,284,024.78 0.30003529% 904,660.51 0.88086645% 0.587164% 0.316499% Class B-5 642,124.78 0.15004390% 452,409.45 0.44051034% 0.440356% 0.237365% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.440510% 0.237448% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.968509% Weighted Average Net Coupon 6.603109% Weighted Average Pass-Through Rate 6.467483% Weighted Average Maturity(Stepdown Calculation ) 338 Beginning Scheduled Collateral Loan Count 284 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 254 Beginning Scheduled Collateral Balance 116,714,634.82 Ending Scheduled Collateral Balance 102,701,210.85 Ending Actual Collateral Balance at 28-Feb-2003 102,720,363.55 Monthly P &I Constant 695,779.85 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,215,102.12 Ending Scheduled Balance for Premium Loans 102,701,210.85 Scheduled Principal 18,007.40 Unscheduled Principal 13,995,416.57
Miscellaneous Reporting Senior Percentage Group I 93.669705% Senior Percentage Group II 93.926006% Senior Percentage Group III 94.858144% Senior Percentage Group IV 95.649119% Senior Prepayment Percentage Group I 96.834853% Senior Prepayment Percentage Group II 96.963003% Senior Prepayment Percentage Group III 97.429072% Senior Prepayment Percentage Group IV 97.824559% Stop-Loss Amount 8559158.50 Subordinate Percentage Group I 6.330295% Subordinate Percentage Group II 6.073994% Subordinate Percentage Group III 5.141856% Subordinate Percentage Group IV 4.350881% Subordinate Prep. Percentage Group I 3.165147 Subordinate Prep. Percentage Group II 3.036997 Subordinate Prep. Percentage Group III 2.570928 Subordinate Prep. Percentage Group IV 2.175441
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.056824 6.987897 6.823602 Weighted Average Net Rate 6.681824 6.612897 6.472540 Weighted Average Maturity 337 337 338 Beginning Loan Count 14 125 112 Loans Paid In Full 3 13 12 Ending Loan Count 11 112 100 Beginning Scheduled Balance 6,439,036.76 49,184,975.71 46,807,290.81 Ending scheduled Balance 4,773,408.75 43,251,930.14 41,800,332.35 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal And Interest Constant 45,069.46 287,685.26 275,681.74 Scheduled Principal 7,203.50 1,268.99 9,519.82 Unscheduled Principal 1,658,424.51 5,931,776.58 4,997,438.64 Scheduled Interest 37,865.96 286,416.27 266,161.92 Servicing Fees 2,012.20 15,370.30 13,693.53 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 721.08 5,367.68 5,598.78 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 35,132.68 265,678.29 246,869.61 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 6.547441 6.481938 6.329004
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.336801 6.968509 Weighted Average Net Rate 6.961801 6.603109 Weighted Average Maturity 68 338 Beginning Loan Count 33 284 Loans Paid In Full 2 30 Ending Loan Count 31 254 Beginning Scheduled Balance 14,283,331.54 116,714,634.82 Ending scheduled Balance 12,875,539.61 102,701,210.85 Record Date 02/28/2003 02/28/2003 Principal And Interest Constant 87,343.39 695,779.85 Scheduled Principal 15.09 18,007.40 Unscheduled Principal 1,407,776.84 13,995,416.57 Scheduled Interest 87,328.30 677,772.45 Servicing Fees 4,463.54 35,539.57 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 1,503.68 13,191.22 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 81,361.08 629,041.66 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 6.835471 6.467483
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