-----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, WTxo6U4mVC+x8aRbhJckpyOYWWyE4my6XtHetDx0K36UWL23yEMuCfcwF1zE7oGv UyXlt4rSuxNPLPHRCp7Vsw== 0001056404-02-001077.txt : 20020905 0001056404-02-001077.hdr.sgml : 20020905 20020905085934 ACCESSION NUMBER: 0001056404-02-001077 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: 20020905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ASSET BACKED SECURITIES TRUST 2001-2 CENTRAL INDEX KEY: 0001144242 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: 333-56242-01 FILM NUMBER: 02756993 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 bsa01002.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 ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2001-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-01 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 ASSET BACKED SECURITIES TRUST, Asset Backed 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 Asset Backed 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 ASSET BACKED SECURITIES TRUST Asset Backed 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: 9/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2001-2 Trust, relating to the August 26, 2002 distribution. EX-99.1
Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 BSA 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 I-A-1 07384YAA4 SEN 6.85000% 0.00 0.00 0.00 I-A-2 07384YAB2 SEN 6.47000% 120,644,839.91 650,476.76 5,063,171.26 II-A 07384YAC0 SEN 2.15688% 63,767,584.40 122,256.91 1,608,719.97 III-A 07384YAD8 SEN 7.50000% 21,953,736.74 137,210.85 345,826.28 A-IO 07384YAE6 IO 7.00000% 0.00 210,000.00 0.00 M-1 07384YAF3 MEZ 2.53688% 10,781,000.00 24,311.20 0.00 M-2 07384YAG1 MEZ 2.99688% 10,421,000.00 27,760.43 0.00 B 07384YAH9 SUB 3.98688% 9,343,000.00 33,110.60 0.00 B-IO BSA012BIO IO 0.00000% 0.00 417,579.80 0.00 OC BSA0102OC OC 0.00000% 1,796,781.75 0.00 0.00 R-1 07384YAJ5 RES 0.00000% 0.00 0.00 0.00 R-2 07384YAK2 RES 0.00000% 0.00 0.00 0.00 R-3 07384YAL0 RES 0.00000% 0.00 0.00 0.00 Totals 238,707,942.80 1,622,706.55 7,017,717.51
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 0.00 0.00 0.00 I-A-2 0.00 115,581,668.64 5,713,648.02 0.00 II-A 0.00 62,158,864.43 1,730,976.88 0.00 III-A 0.00 21,607,910.46 483,037.13 0.00 A-IO 0.00 0.00 210,000.00 0.00 M-1 0.00 10,781,000.00 24,311.20 0.00 M-2 0.00 10,421,000.00 27,760.43 0.00 B 0.00 9,343,000.00 33,110.60 0.00 B-IO 0.00 0.00 417,579.80 0.00 OC 0.00 1,796,781.75 0.00 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 231,690,225.28 8,640,424.06 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-1 21,000,000.00 0.00 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 120,644,839.91 0.00 5,063,171.26 0.00 0.00 II-A 93,995,000.00 63,767,584.40 0.00 1,608,719.97 0.00 0.00 III-A 35,783,000.00 21,953,736.74 0.00 345,826.28 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 10,781,000.00 10,781,000.00 0.00 0.00 0.00 0.00 M-2 10,421,000.00 10,421,000.00 0.00 0.00 0.00 0.00 B 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 OC 350.59 1,796,781.75 0.00 0.00 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-3 50.00 0.00 0.00 0.00 0.00 0.00 Totals 359,356,500.59 238,707,942.80 0.00 7,017,717.51 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 0.00 0.00 0.00000000 0.00 I-A-2 5,063,171.26 115,581,668.64 0.64921486 5,063,171.26 II-A 1,608,719.97 62,158,864.43 0.66129969 1,608,719.97 III-A 345,826.28 21,607,910.46 0.60385967 345,826.28 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 10,781,000.00 1.00000000 0.00 M-2 0.00 10,421,000.00 1.00000000 0.00 B 0.00 9,343,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 OC 0.00 1,796,781.75 5,125.02281868 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 7,017,717.51 231,690,225.28 0.64473642 7,017,717.51
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 21,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 677.65436694 0.00000000 28.43950987 0.00000000 II-A 93,995,000.00 678.41464333 0.00000000 17.11495260 0.00000000 III-A 35,783,000.00 613.52420814 0.00000000 9.66454126 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 10,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,421,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 5125022.81867709 0.00000000 0.00000000 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-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 28.43950987 649.21485702 0.64921486 28.43950987 II-A 0.00000000 17.11495260 661.29969073 0.66129969 17.11495260 III-A 0.00000000 9.66454126 603.85966688 0.60385967 9.66454126 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 5,125,022.81867709 5125.02281868 0.00000000 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-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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-1 21,000,000.00 6.85000% 0.00 0.00 0.00 0.00 I-A-2 178,033,000.00 6.47000% 120,644,839.91 650,476.76 0.00 0.00 II-A 93,995,000.00 2.15688% 63,767,584.40 122,256.91 0.00 0.00 III-A 35,783,000.00 7.50000% 21,953,736.74 137,210.85 0.00 0.00 A-IO 0.00 7.00000% 36,000,000.00 210,000.00 0.00 0.00 M-1 10,781,000.00 2.53688% 10,781,000.00 24,311.20 0.00 0.00 M-2 10,421,000.00 2.99688% 10,421,000.00 27,760.43 0.00 0.00 B 9,343,000.00 3.98688% 9,343,000.00 33,110.60 0.00 0.00 B-IO 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 350.59 0.00000% 1,796,781.75 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 359,356,500.59 1,205,126.75 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-1 0.00 0.00 0.00 0.00 0.00 I-A-2 0.00 0.00 650,476.76 0.00 115,581,668.64 II-A 0.00 0.00 122,256.91 0.00 62,158,864.43 III-A 0.00 0.00 137,210.85 0.00 21,607,910.46 A-IO 0.00 0.00 210,000.00 0.00 36,000,000.00 M-1 0.00 0.00 24,311.20 0.00 10,781,000.00 M-2 0.00 0.00 27,760.43 0.00 10,421,000.00 B 0.00 0.00 33,110.60 0.00 9,343,000.00 B-IO 0.00 0.00 417,579.80 0.00 0.00 OC 0.00 0.00 0.00 0.00 1,796,781.75 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-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,622,706.55 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-1 21,000,000.00 6.85000% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 178,033,000.00 6.47000% 677.65436694 3.65368645 0.00000000 0.00000000 II-A 93,995,000.00 2.15688% 678.41464333 1.30067461 0.00000000 0.00000000 III-A 35,783,000.00 7.50000% 613.52420814 3.83452617 0.00000000 0.00000000 A-IO 0.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000 M-1 10,781,000.00 2.53688% 1000.00000000 2.25500417 0.00000000 0.00000000 M-2 10,421,000.00 2.99688% 1000.00000000 2.66389310 0.00000000 0.00000000 B 9,343,000.00 3.98688% 1000.00000000 3.54389382 0.00000000 0.00000000 B-IO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 350.59 0.00000% 5125022.81867709 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 0.00000000 3.65368645 0.00000000 649.21485702 II-A 0.00000000 0.00000000 1.30067461 0.00000000 661.29969073 III-A 0.00000000 0.00000000 3.83452617 0.00000000 603.85966688 A-IO 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.25500417 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.66389310 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.54389382 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 5125022.81867709 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-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 8,660,986.67 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 248,794.02 Realized Losses (190,388.40) Prepayment Penalties 0.00 Total Deposits 8,719,392.29 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 78,968.23 Payment of Interest and Principal 8,640,424.06 Total Withdrawals (Pool Distribution Amount) 8,719,392.29 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 10,990.24 Servicing Fee Support 6,291.47 Non-Supported Prepayment/Curtailment Interest Shortfall 4,698.77
SERVICING FEES Gross Servicing Fee 83,270.47 Master Servicing Fee 1,989.23 Supported Prepayment/Curtailment Interest Shortfall 6,291.47 Net Servicing Fee 78,968.23
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Financial Guaranty 0.00 0.00 0.00 0.00
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 145 0 0 145 4,309,469.13 0.00 0.00 4,309,469.13 30 Days 195 19 0 0 214 7,440,795.54 617,697.42 0.00 0.00 8,058,492.96 60 Days 69 13 2 0 84 2,781,214.30 496,356.66 102,486.82 0.00 3,380,057.78 90 Days 18 8 12 0 38 948,063.76 247,925.83 579,895.67 0.00 1,775,885.26 120 Days 8 3 20 0 31 531,473.19 60,939.73 526,476.44 0.00 1,118,889.36 150 Days 8 2 9 1 20 508,915.39 56,167.42 502,150.23 19,191.79 1,086,424.83 180+ Days 22 20 61 23 126 1,057,629.48 672,334.10 3,034,657.42 673,596.26 5,438,217.26 Totals 320 210 104 24 658 13,268,091.66 6,460,890.29 4,745,666.58 692,788.05 25,167,436.58 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 2.674783% 0.000000% 0.000000% 2.674783% 1.858875% 0.000000% 0.000000% 1.858875% 30 Days 3.597122% 0.350489% 0.000000% 0.000000% 3.947611% 3.209563% 0.266442% 0.000000% 0.000000% 3.476005% 60 Days 1.272828% 0.239808% 0.036894% 0.000000% 1.549530% 1.199668% 0.214102% 0.044207% 0.000000% 1.457977% 90 Days 0.332042% 0.147574% 0.221361% 0.000000% 0.700978% 0.408944% 0.106942% 0.250136% 0.000000% 0.766022% 120 Days 0.147574% 0.055340% 0.368936% 0.000000% 0.571850% 0.229249% 0.026286% 0.227094% 0.000000% 0.482629% 150 Days 0.147574% 0.036894% 0.166021% 0.018447% 0.368936% 0.219519% 0.024228% 0.216601% 0.008278% 0.468626% 180+ Days 0.405829% 0.368936% 1.125254% 0.424276% 2.324294% 0.456205% 0.290009% 1.308990% 0.290554% 2.345757% Totals 5.902970% 3.873824% 1.918465% 0.442723% 12.137982% 5.723148% 2.786884% 2.047028% 0.298832% 10.855892%
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 74 0 0 74 1,942,377.26 0.00 0.00 1,942,377.26 30 Days 107 12 0 0 119 3,710,322.06 432,664.45 0.00 0.00 4,142,986.51 60 Days 37 5 0 0 42 1,497,470.39 122,088.17 0.00 0.00 1,619,558.56 90 Days 5 6 5 0 16 338,067.18 160,785.78 249,404.69 0.00 748,257.65 120 Days 4 3 8 0 15 175,853.39 60,939.73 213,777.98 0.00 450,571.10 150 Days 3 0 6 0 9 173,341.03 0.00 462,943.19 0.00 636,284.22 180 Days 8 13 25 12 58 284,401.83 446,080.38 945,395.52 243,591.00 1,919,468.73 Totals 164 113 44 12 333 6,179,455.88 3,164,935.77 1,871,521.38 243,591.00 11,459,504.03 0-29 Days 2.194543% 0.000000% 0.000000% 2.194543% 1.433239% 0.000000% 0.000000% 1.433239% 30 Days 3.173191% 0.355872% 0.000000% 0.000000% 3.529063% 2.737767% 0.319254% 0.000000% 0.000000% 3.057021% 60 Days 1.097272% 0.148280% 0.000000% 0.000000% 1.245552% 1.104951% 0.090086% 0.000000% 0.000000% 1.195038% 90 Days 0.148280% 0.177936% 0.148280% 0.000000% 0.474496% 0.249453% 0.118640% 0.184030% 0.000000% 0.552123% 120 Days 0.118624% 0.088968% 0.237248% 0.000000% 0.444840% 0.129758% 0.044966% 0.157742% 0.000000% 0.332467% 150 Days 0.088968% 0.000000% 0.177936% 0.000000% 0.266904% 0.127905% 0.000000% 0.341596% 0.000000% 0.469501% 180 Days 0.237248% 0.385528% 0.741400% 0.355872% 1.720047% 0.209854% 0.329153% 0.697587% 0.179741% 1.416335% Totals 4.863582% 3.351127% 1.304864% 0.355872% 9.875445% 4.559688% 2.335338% 1.380956% 0.179741% 8.455723% 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 71 0 0 71 2,367,091.87 0.00 0.00 2,367,091.87 30 Days 85 7 0 0 92 3,103,613.96 185,032.97 0.00 0.00 3,288,646.93 60 Days 32 8 2 0 42 1,283,743.91 374,268.49 102,486.82 0.00 1,760,499.22 90 Days 13 2 7 0 22 609,996.58 87,140.05 330,490.98 0.00 1,027,627.61 120 Days 4 0 12 0 16 355,619.80 0.00 312,698.46 0.00 668,318.26 150 Days 5 2 3 1 11 335,574.36 56,167.42 39,207.04 19,191.79 450,140.61 180 Days 14 7 35 11 67 773,227.65 226,253.72 1,761,552.37 430,005.26 3,191,039.00 Totals 153 97 59 12 321 6,461,776.26 3,295,954.52 2,546,435.67 449,197.05 12,753,363.50 0-29 Days 3.600406% 0.000000% 0.000000% 3.600406% 3.328111% 0.000000% 0.000000% 3.328111% 30 Days 4.310345% 0.354970% 0.000000% 0.000000% 4.665314% 4.363654% 0.260155% 0.000000% 0.000000% 4.623809% 60 Days 1.622718% 0.405680% 0.101420% 0.000000% 2.129817% 1.804933% 0.526218% 0.144096% 0.000000% 2.475247% 90 Days 0.659229% 0.101420% 0.354970% 0.000000% 1.115619% 0.857650% 0.122518% 0.464667% 0.000000% 1.444835% 120 Days 0.202840% 0.000000% 0.608519% 0.000000% 0.811359% 0.499998% 0.000000% 0.439651% 0.000000% 0.939650% 150 Days 0.253550% 0.101420% 0.152130% 0.050710% 0.557809% 0.471815% 0.078971% 0.055125% 0.026983% 0.632894% 180 Days 0.709939% 0.354970% 1.774848% 0.557809% 3.397566% 1.087151% 0.318111% 2.476727% 0.604584% 4.486573% Totals 7.758621% 4.918864% 2.991886% 0.608519% 16.277890% 9.085201% 4.634083% 3.580266% 0.631567% 17.931118% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 0 3 626,859.52 0.00 0.00 0.00 626,859.52 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 1 0 1 0.00 0.00 327,709.53 0.00 327,709.53 Totals 3 0 1 0 4 626,859.52 0.00 327,709.53 0.00 954,569.05 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.896104% 0.000000% 0.000000% 0.000000% 3.896104% 2.489097% 0.000000% 0.000000% 0.000000% 2.489097% 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% 1.298701% 0.000000% 1.298701% 0.000000% 0.000000% 1.301250% 0.000000% 1.301250% Totals 3.896104% 0.000000% 1.298701% 0.000000% 5.194805% 2.489097% 0.000000% 1.301250% 0.000000% 3.790347%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 248,794.02
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.543150% Weighted Average Net Coupon 9.124544% Weighted Average Pass-Through Rate 9.124544% Weighted Average Maturity(Stepdown Calculation ) 212 Beginning Scheduled Collateral Loan Count 5,532 Number Of Loans Paid In Full 111 Ending Scheduled Collateral Loan Count 5,421 Beginning Scheduled Collateral Balance 238,707,942.80 Ending Scheduled Collateral Balance 231,690,225.28 Ending Actual Collateral Balance at 31-Jul-2002 231,832,057.05 Monthly P &I Constant 2,925,459.97 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 190,388.40 Cumulative Realized Loss 359,630.98 Ending Scheduled Balance for Premium Loans 231,690,225.28 Scheduled Principal 1,027,105.31 Unscheduled Principal 5,990,612.21 Required Overcollateralization Amount 1,796,781.75 Overcollateralized Increase Amount 190,388.40 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,796,781.75 Overcollateralized Amount 1,796,781.75 Overcollateralized Deficiency Amount 190,388.40 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 190,388.40 Excess Cash Amount 607,968.20
Miscellaneous Reporting BSSP Group 1 - Stated Principal Balance 11,466,379.93 BSSP Group 2 - Stated Principal Balance 149,502.71 BSSP Group 3 - Stated Principal Balance 203,809.90 Three Month Rolling Average 5.040938% Trigger Event NO
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 9.567663 10.134737 7.717308 Weighted Average Net Rate 9.163581 9.647537 7.414798 Weighted Average Maturity 112 19 235 Beginning Loan Count 3,447 2,007 78 Loans Paid In Full 75 35 1 Ending Loan Count 3,372 1,972 77 Beginning Scheduled Balance 140,349,429.20 72,865,250.73 25,493,262.87 Ending scheduled Balance 135,414,959.41 71,118,447.13 25,156,818.74 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal And Interest Constant 1,788,073.98 934,671.25 202,714.74 Scheduled Principal 669,060.56 319,279.47 38,765.28 Unscheduled Principal 4,265,409.23 1,427,524.13 297,678.85 Scheduled Interest 1,119,013.42 615,391.78 163,949.46 Servicing Fees 47,260.57 29,583.26 6,426.64 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 1,071,752.85 585,808.52 157,522.82 Realized Loss Amount 8,660.72 181,727.68 0.00 Cumulative Realized Loss 58,871.30 300,759.68 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 9.163581 9.647537 7.414798
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 9.543150 Weighted Average Net Rate 9.124544 Weighted Average Maturity 212 Beginning Loan Count 5,532 Loans Paid In Full 111 Ending Loan Count 5,421 Beginning Scheduled Balance 238,707,942.80 Ending scheduled Balance 231,690,225.28 Record Date 07/31/2002 Principal And Interest Constant 2,925,459.97 Scheduled Principal 1,027,105.31 Unscheduled Principal 5,990,612.21 Scheduled Interest 1,898,354.66 Servicing Fees 83,270.47 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,815,084.19 Realized Loss Amount 190,388.40 Cumulative Realized Loss 359,630.98 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 9.124544
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