-----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, SoLDFBTu1zY41L1F1UY7CC/3CIV+sKdBXnmP0nbpFUx1E+EZFVyITHVrIRMAxQ+2 W1zgkUzkmd+Ua4M148rm/A== 0001056404-03-000912.txt : 20030604 0001056404-03-000912.hdr.sgml : 20030604 20030604124107 ACCESSION NUMBER: 0001056404-03-000912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030604 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 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: 03731778 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 MAY 8-K 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): May 27, 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 May 27, 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 May 27, 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: 5/27/03 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 May 27, 2003 distribution.
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 4/30/03 Distribution Date: 5/27/03 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 6.50137% 3,575,529.02 19,371.54 604,161.21 R-I 07384MEK4 RES 6.63588% 0.00 0.00 0.00 R-II 07384MEL2 RES 6.63588% 0.00 0.00 0.00 II-A-1 07384MEM0 SEN 5.02059% 0.00 0.00 0.00 II-A-2 07384MEN8 SEN 5.97059% 0.00 0.00 0.00 II-A-3 07384MEP3 SEN 6.22000% 36,132,628.20 187,287.46 4,273,768.70 II-X 07384MEQ1 SEN 0.30771% 0.00 9,265.33 0.00 III-A 07384MER9 SEN 5.98013% 34,180,909.16 170,338.60 3,871,320.48 III-X 07384MEW8 SEN 0.30200% 0.00 8,602.20 0.00 IV-A 07384MES7 SEN 6.77669% 10,217,401.16 57,700.17 756,041.45 B-1 07384MET5 SUB 6.45767% 2,120,545.58 11,411.49 118,051.42 B-2 07384MEU2 SUB 6.45767% 1,130,895.98 6,085.80 62,957.32 B-3 07384MEV0 SUB 6.45767% 989,583.53 5,325.34 55,090.42 B-4 07384MEX6 SUB 6.45767% 565,447.99 3,042.90 31,478.66 B-5 07384MEY4 SUB 6.45767% 424,069.48 2,282.09 23,608.08 B-6 07384MEZ1 SUB 6.45767% 424,218.00 2,282.88 23,616.35 Totals 89,761,228.10 482,995.80 9,820,094.09
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 2,971,367.80 623,532.75 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 31,858,859.50 4,461,056.16 0.00 II-X 0.00 0.00 9,265.33 0.00 III-A 0.00 30,309,588.68 4,041,659.08 0.00 III-X 0.00 0.00 8,602.20 0.00 IV-A 0.00 9,461,359.71 813,741.62 0.00 B-1 0.00 2,002,494.16 129,462.91 0.00 B-2 0.00 1,067,938.66 69,043.12 0.00 B-3 0.00 934,493.11 60,415.76 0.00 B-4 0.00 533,969.33 34,521.56 0.00 B-5 0.00 400,461.40 25,890.17 0.00 B-6 0.00 400,601.65 25,899.23 0.00 Totals 0.00 79,941,134.00 10,303,089.89 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 3,575,529.02 5,921.41 598,239.80 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 36,132,628.20 0.00 4,273,768.70 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 156,507,600.00 34,180,909.16 6,704.17 3,864,616.31 0.00 0.00 III-X 0.00 0.00 0.00 0.00 0.00 0.00 IV-A 39,543,600.00 10,217,401.16 0.00 756,041.45 0.00 0.00 B-1 3,209,800.00 2,120,545.58 356.44 117,694.98 0.00 0.00 B-2 1,711,800.00 1,130,895.98 190.09 62,767.24 0.00 0.00 B-3 1,497,900.00 989,583.53 166.34 54,924.08 0.00 0.00 B-4 855,900.00 565,447.99 95.04 31,383.62 0.00 0.00 B-5 641,900.00 424,069.48 71.28 23,536.80 0.00 0.00 B-6 642,124.78 424,218.00 71.31 23,545.04 0.00 0.00 Totals 427,957,924.78 89,761,228.10 13,576.08 9,806,518.02 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 604,161.21 2,971,367.80 0.11764532 604,161.21 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 4,273,768.70 31,858,859.50 0.68381032 4,273,768.70 II-X 0.00 0.00 0.00000000 0.00 III-A 3,871,320.48 30,309,588.68 0.19366209 3,871,320.48 III-X 0.00 0.00 0.00000000 0.00 IV-A 756,041.45 9,461,359.71 0.23926399 756,041.45 B-1 118,051.42 2,002,494.16 0.62386883 118,051.42 B-2 62,957.32 1,067,938.66 0.62386883 62,957.32 B-3 55,090.42 934,493.11 0.62386882 55,090.42 B-4 31,478.66 533,969.33 0.62386883 31,478.66 B-5 23,608.08 400,461.40 0.62386883 23,608.08 B-6 23,616.35 400,601.65 0.62386885 23,616.35 Totals 9,820,094.09 79,941,134.00 0.18679671 9,820,094.09
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 25,257,000.00 141.56586372 0.23444629 23.68609890 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 46,590,200.00 775.54138424 0.00000000 91.73106576 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 156,507,600.00 218.39775934 0.04283607 24.69283479 0.00000000 III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 39,543,600.00 258.38318110 0.00000000 19.11918616 0.00000000 B-1 3,209,800.00 660.64726151 0.11104742 36.66738738 0.00000000 B-2 1,711,800.00 660.64726019 0.11104685 36.66739105 0.00000000 B-3 1,497,900.00 660.64725950 0.11104880 36.66738768 0.00000000 B-4 855,900.00 660.64726019 0.11104101 36.66739105 0.00000000 B-5 641,900.00 660.64726593 0.11104533 36.66739368 0.00000000 B-6 642,124.78 660.64729662 0.11105318 36.66739041 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 I-A 0.00000000 23.92054520 117.64531813 0.11764532 23.92054520 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 91.73106576 683.81031848 0.68381032 91.73106576 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 24.73567086 193.66208849 0.19366209 24.73567086 III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 0.00000000 19.11918616 239.26399493 0.23926399 19.11918616 B-1 0.00000000 36.77843479 623.86882672 0.62386883 36.77843479 B-2 0.00000000 36.77843206 623.86882813 0.62386883 36.77843206 B-3 0.00000000 36.77843648 623.86882302 0.62386882 36.77843648 B-4 0.00000000 36.77843206 623.86882813 0.62386883 36.77843206 B-5 0.00000000 36.77843901 623.86882692 0.62386883 36.77843901 B-6 0.00000000 36.77844359 623.86885303 0.62386885 36.77844359 (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 6.50137% 3,575,529.02 19,371.54 0.00 0.00 R-I 50.00 6.63588% 0.00 0.00 0.00 0.00 R-II 50.00 6.63588% 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 5.02059% 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 5.97059% 0.00 0.00 0.00 0.00 II-A-3 46,590,200.00 6.22000% 36,132,628.20 187,287.46 0.00 0.00 II-X 0.00 0.30771% 36,132,628.20 9,265.33 0.00 0.00 III-A 156,507,600.00 5.98013% 34,180,909.16 170,338.60 0.00 0.00 III-X 0.00 0.30200% 34,180,909.16 8,602.20 0.00 0.00 IV-A 39,543,600.00 6.77669% 10,217,401.16 57,700.17 0.00 0.00 B-1 3,209,800.00 6.45767% 2,120,545.58 11,411.49 0.00 0.00 B-2 1,711,800.00 6.45767% 1,130,895.98 6,085.80 0.00 0.00 B-3 1,497,900.00 6.45767% 989,583.53 5,325.34 0.00 0.00 B-4 855,900.00 6.45767% 565,447.99 3,042.90 0.00 0.00 B-5 641,900.00 6.45767% 424,069.48 2,282.09 0.00 0.00 B-6 642,124.78 6.45767% 424,218.00 2,282.88 0.00 0.00 Totals 427,957,924.78 482,995.80 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 0.00 0.00 19,371.54 0.00 2,971,367.80 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 0.00 0.00 187,287.46 0.00 31,858,859.50 II-X 0.00 0.00 9,265.33 0.00 31,858,859.50 III-A 0.00 0.00 170,338.60 0.00 30,309,588.68 III-X 0.00 0.00 8,602.20 0.00 30,309,588.68 IV-A 0.00 0.00 57,700.17 0.00 9,461,359.71 B-1 0.00 0.00 11,411.49 0.00 2,002,494.16 B-2 0.00 0.00 6,085.80 0.00 1,067,938.66 B-3 0.00 0.00 5,325.34 0.00 934,493.11 B-4 0.00 0.00 3,042.90 0.00 533,969.33 B-5 0.00 0.00 2,282.09 0.00 400,461.40 B-6 0.00 0.00 2,282.88 0.00 400,601.65 Totals 0.00 0.00 482,995.80 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 6.50137% 141.56586372 0.76697708 0.00000000 0.00000000 R-I 50.00 6.63588% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.63588% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 5.02059% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 5.97059% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 6.22000% 775.54138424 4.01988959 0.00000000 0.00000000 II-X 0.00 0.30771% 182.40492563 0.04677329 0.00000000 0.00000000 III-A 156,507,600.00 5.98013% 218.39775934 1.08837271 0.00000000 0.00000000 III-X 0.00 0.30200% 218.39775934 0.05496347 0.00000000 0.00000000 IV-A 39,543,600.00 6.77669% 258.38318110 1.45915319 0.00000000 0.00000000 B-1 3,209,800.00 6.45767% 660.64726151 3.55520282 0.00000000 0.00000000 B-2 1,711,800.00 6.45767% 660.64726019 3.55520505 0.00000000 0.00000000 B-3 1,497,900.00 6.45767% 660.64725950 3.55520395 0.00000000 0.00000000 B-4 855,900.00 6.45767% 660.64726019 3.55520505 0.00000000 0.00000000 B-5 641,900.00 6.45767% 660.64726593 3.55521109 0.00000000 0.00000000 B-6 642,124.78 6.45767% 660.64729662 3.55519686 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 0.00000000 0.00000000 0.76697708 0.00000000 117.64531813 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 0.00000000 4.01988959 0.00000000 683.81031848 II-X 0.00000000 0.00000000 0.04677329 0.00000000 160.83006378 III-A 0.00000000 0.00000000 1.08837271 0.00000000 193.66208849 III-X 0.00000000 0.00000000 0.05496347 0.00000000 193.66208849 IV-A 0.00000000 0.00000000 1.45915319 0.00000000 239.26399493 B-1 0.00000000 0.00000000 3.55520282 0.00000000 623.86882672 B-2 0.00000000 0.00000000 3.55520505 0.00000000 623.86882813 B-3 0.00000000 0.00000000 3.55520395 0.00000000 623.86882302 B-4 0.00000000 0.00000000 3.55520505 0.00000000 623.86882813 B-5 0.00000000 0.00000000 3.55521109 0.00000000 623.86882692 B-6 0.00000000 0.00000000 3.55519686 0.00000000 623.86885303 (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 0.30771% 36,132,628.20 31,858,859.50 0.00 0.00 68.38103185%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,329,553.56 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,695.11 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 10,340,248.67 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 37,158.78 Payment of Interest and Principal 10,303,089.89 Total Withdrawals (Pool Distribution Amount) 10,340,248.67 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 254.23 Servicing Fee Support 254.23 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 27,325.65 Supplemental PMI Insurance Fee 10,087.36 Supported Prepayment/Curtailment Interest Shortfall 254.23 Net Servicing Fee 37,158.78
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 3 0 0 0 3 804,864.82 0.00 0.00 0.00 804,864.82 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 4 0 0 1 5 1,092,056.51 0.00 0.00 641,837.08 1,733,893.59 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 1.500000% 0.000000% 0.000000% 0.000000% 1.500000% 1.006576% 0.000000% 0.000000% 0.000000% 1.006576% 60 Days 0.500000% 0.000000% 0.000000% 0.000000% 0.500000% 0.359166% 0.000000% 0.000000% 0.000000% 0.359166% 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% 0.500000% 0.500000% 0.000000% 0.000000% 0.000000% 0.802691% 0.802691% Totals 2.000000% 0.000000% 0.000000% 0.500000% 2.500000% 1.365742% 0.000000% 0.000000% 0.802691% 2.168432%
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 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 1 1 0.00 0.00 0.00 641,837.08 641,837.08 Totals 0 0 0 1 1 0.00 0.00 0.00 641,837.08 641,837.08 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% 12.500000% 12.500000% 0.000000% 0.000000% 0.000000% 19.566700% 19.566700% Totals 0.000000% 0.000000% 0.000000% 12.500000% 12.500000% 0.000000% 0.000000% 0.000000% 19.566700% 19.566700% 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 2 0 0 0 2 524,864.82 0.00 0.00 0.00 524,864.82 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 3 0 0 0 3 812,056.51 0.00 0.00 0.00 812,056.51 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 1.527119% 0.000000% 0.000000% 0.000000% 1.527119% 60 Days 1.136364% 0.000000% 0.000000% 0.000000% 1.136364% 0.835598% 0.000000% 0.000000% 0.000000% 0.835598% 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 3.409091% 0.000000% 0.000000% 0.000000% 3.409091% 2.362717% 0.000000% 0.000000% 0.000000% 2.362717% 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 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 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 1 0 0 0 1 280,000.00 0.00 0.00 0.00 280,000.00 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 1 0 0 0 1 280,000.00 0.00 0.00 0.00 280,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.166667% 0.000000% 0.000000% 0.000000% 4.166667% 2.804461% 0.000000% 0.000000% 0.000000% 2.804461% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.166667% 0.000000% 0.000000% 0.000000% 4.166667% 2.804461% 0.000000% 0.000000% 0.000000% 2.804461%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,695.11
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 402,700,924.78 94.09825155% 76,969,766.20 96.28305524% 3.716945% 95.870182% Class R-I 402,700,874.78 94.09823986% 76,969,766.20 96.28305524% 0.000000% 0.000000% Class R-II 402,700,824.78 94.09822818% 76,969,766.20 96.28305524% 0.000000% 0.000000% Class 2A1 308,700,824.78 72.13345209% 76,969,766.20 96.28305524% 0.000000% 0.000000% Class 2A2 251,200,824.78 58.69755182% 76,969,766.20 96.28305524% 0.000000% 0.000000% Class 2A3 204,610,624.78 47.81092085% 45,110,906.70 56.43015610% 39.852899% 24.639011% Class 3A 48,103,024.78 11.24012945% 14,801,318.02 18.51527153% 37.914885% 23.440836% Class B-1 5,349,624.78 1.25003522% 3,337,464.15 4.17490219% 2.504961% 1.548689% Class B-2 3,637,824.78 0.85004263% 2,269,525.49 2.83899587% 1.335906% 0.825923% Class B-3 2,139,924.78 0.50003158% 1,335,032.38 1.67001932% 1.168977% 0.722718% Class B-4 1,284,024.78 0.30003529% 801,063.05 1.00206616% 0.667953% 0.412961% Class B-5 642,124.78 0.15004390% 400,601.65 0.50112080% 0.500945% 0.309709% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.501121% 0.309817% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.957242% Weighted Average Net Coupon 6.591931% Weighted Average Pass-Through Rate 6.457075% Weighted Average Maturity(Stepdown Calculation ) 336 Beginning Scheduled Collateral Loan Count 225 Number Of Loans Paid In Full 25 Ending Scheduled Collateral Loan Count 200 Beginning Scheduled Collateral Balance 89,761,228.08 Ending Scheduled Collateral Balance 79,941,133.99 Ending Actual Collateral Balance at 30-Apr-2003 79,960,690.36 Monthly P &I Constant 533,984.87 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,957,857.13 Ending Scheduled Balance for Premium Loans 79,941,133.99 Scheduled Principal 13,576.07 Unscheduled Principal 9,806,518.02
Miscellaneous Reporting Senior Percentage Group I 91.740365% Senior Percentage Group II 93.136749% Senior Percentage Group III 94.139302% Senior Percentage Group IV 94.960092% Senior Prepayment Percentage Group I 95.870182% Senior Prepayment Percentage Group II 96.568374% Senior Prepayment Percentage Group III 97.069651% Senior Prepayment Percentage Group IV 97.480046% Stop-Loss Amount 8,559,158.50 Subordinate Percentage Group I 8.259635% Subordinate Percentage Group II 6.863251% Subordinate Percentage Group III 5.860698% Subordinate Percentage Group IV 5.039908% Subordinate Prep. Percentage Group I 4.129818% Subordinate Prep. Percentage Group II 3.431626% Subordinate Prep. Percentage Group III 2.930349% Subordinate Prep. Percentage Group IV 2.519954%
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.994132 7.032944 6.774461 Weighted Average Net Rate 6.619133 6.657945 6.423413 Weighted Average Maturity 335 335 336 Beginning Loan Count 10 99 90 Loans Paid In Full 2 11 10 Ending Loan Count 8 88 80 Beginning Scheduled Balance 3,897,443.64 38,795,243.24 36,308,862.07 Ending scheduled Balance 3,266,978.82 34,369,603.14 32,320,458.76 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal And Interest Constant 29,170.56 227,370.66 212,099.02 Scheduled Principal 6,454.53 0.00 7,121.54 Unscheduled Principal 624,010.29 4,425,640.10 3,981,281.77 Scheduled Interest 22,716.03 227,370.66 204,977.48 Servicing Fees 1,217.95 12,123.51 10,621.79 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 382.47 4,210.38 4,274.83 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 21,115.61 211,036.77 190,080.86 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 6.501372 6.527711 6.282131
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.287723 6.957242 Weighted Average Net Rate 6.912722 6.591931 Weighted Average Maturity 66 336 Beginning Loan Count 26 225 Loans Paid In Full 2 25 Ending Loan Count 24 200 Beginning Scheduled Balance 10,759,679.13 89,761,228.08 Ending scheduled Balance 9,984,093.27 79,941,133.99 Record Date 04/30/2003 04/30/2003 Principal And Interest Constant 65,344.63 533,984.87 Scheduled Principal 0.00 13,576.07 Unscheduled Principal 775,585.86 9,806,518.02 Scheduled Interest 65,344.63 520,408.80 Servicing Fees 3,362.40 27,325.65 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 1,219.68 10,087.36 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 60,762.55 482,995.79 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 6.776694 6.457075
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