-----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, IhNpqB+zcd/p9KbUlFXAqdCQuG+A3vJwEm3uq9ea+d+KsYRMb89xZi6Gfc5CWW8A 6zj420dqHha1LaZBBIB5aA== 0001056404-02-001496.txt : 20021206 0001056404-02-001496.hdr.sgml : 20021206 20021206132256 ACCESSION NUMBER: 0001056404-02-001496 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: 20021206 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: 02850705 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 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 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 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) Pending jurisdiction 90-0042354 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 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 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 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: 12/3/02 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 November 25, 2002 distribution. EX-99.1
Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 10/31/02 Distribution Date: 11/25/02 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% 104,936,583.10 565,783.06 5,118,678.01 II-A 07384YAC0 SEN 2.15000% 58,652,107.58 108,587.85 2,618,964.39 III-A 07384YAD8 SEN 7.50000% 17,695,837.71 110,598.98 2,131,330.12 A-IO 07384YAE6 IO 7.00000% 0.00 210,000.00 0.00 M-1 07384YAF3 MEZ 2.53000% 10,781,000.00 23,487.61 0.00 M-2 07384YAG1 MEZ 2.99000% 10,421,000.00 26,831.18 0.00 B 07384YAH9 SUB 3.98000% 9,343,000.00 32,020.54 0.00 B-IO BSA012BIO IO 0.00000% 0.00 417,807.98 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 213,626,310.14 1,495,117.20 9,868,972.52
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 99,817,905.09 5,684,461.07 0.00 II-A 0.00 56,033,143.19 2,727,552.24 0.00 III-A 0.00 15,564,507.59 2,241,929.10 0.00 A-IO 0.00 0.00 210,000.00 0.00 M-1 0.00 10,781,000.00 23,487.61 0.00 M-2 0.00 10,421,000.00 26,831.18 0.00 B 0.00 9,343,000.00 32,020.54 0.00 B-IO 0.00 0.00 417,807.98 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 0.00 203,757,337.62 11,364,089.72 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-2 178,033,000.00 104,936,583.10 0.00 5,118,678.01 0.00 0.00 II-A 93,995,000.00 58,652,107.58 0.00 2,618,964.39 0.00 0.00 III-A 35,783,000.00 17,695,837.71 0.00 2,131,330.12 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 359,356,500.59 213,626,310.14 0.00 9,868,972.52 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 5,118,678.01 99,817,905.09 0.56067080 5,118,678.01 II-A 2,618,964.39 56,033,143.19 0.59612898 2,618,964.39 III-A 2,131,330.12 15,564,507.59 0.43496933 2,131,330.12 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 9,868,972.52 203,757,337.62 0.56700613 9,868,972.52
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-2 178,033,000.00 589.42209085 0.00000000 28.75128774 0.00000000 II-A 93,995,000.00 623.99178233 0.00000000 27.86280536 0.00000000 III-A 35,783,000.00 494.53197636 0.00000000 59.56264483 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 28.75128774 560.67080311 0.56067080 28.75128774 II-A 0.00000000 27.86280536 596.12897697 0.59612898 27.86280536 III-A 0.00000000 59.56264483 434.96933153 0.43496933 59.56264483 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 5,125,022.8186770 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% 104,936,583.10 565,783.08 0.00 0.00 II-A 93,995,000.00 2.15000% 58,652,107.58 108,587.86 0.00 0.00 III-A 35,783,000.00 7.50000% 17,695,837.71 110,598.99 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 2.53000% 10,781,000.00 23,487.61 0.00 0.00 M-2 10,421,000.00 2.99000% 10,421,000.00 26,831.18 0.00 0.00 B 9,343,000.00 3.98000% 9,343,000.00 32,020.54 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 1,077,309.26 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 0.01 0.00 565,783.06 0.00 99,817,905.09 II-A 0.01 0.00 108,587.85 0.00 56,033,143.19 III-A 0.00 0.00 110,598.98 0.00 15,564,507.59 A-IO 0.00 0.00 210,000.00 0.00 36,000,000.00 M-1 0.00 0.00 23,487.61 0.00 10,781,000.00 M-2 0.00 0.00 26,831.18 0.00 10,421,000.00 B 0.00 0.00 32,020.54 0.00 9,343,000.00 B-IO 0.00 0.00 417,807.98 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 0.02 0.00 1,495,117.20 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% 589.42209085 3.17796746 0.00000000 0.00000000 II-A 93,995,000.00 2.15000% 623.99178233 1.15525145 0.00000000 0.00000000 III-A 35,783,000.00 7.50000% 494.53197636 3.09082497 0.00000000 0.00000000 A-IO 0.00 7.00000% 1000.00000000 5.83333333 0.00000000 0.00000000 M-1 10,781,000.00 2.53000% 1000.00000000 2.17861145 0.00000000 0.00000000 M-2 10,421,000.00 2.99000% 1000.00000000 2.57472220 0.00000000 0.00000000 B 9,343,000.00 3.98000% 1000.00000000 3.42722252 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 0.00000006 0.00000000 3.17796734 0.00000000 560.67080311 II-A 0.00000011 0.00000000 1.15525134 0.00000000 596.12897697 III-A 0.00000000 0.00000000 3.09082469 0.00000000 434.96933153 A-IO 0.00000000 0.00000000 5.83333333 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.17861145 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.57472220 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.42722252 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 11,308,973.26 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 256,746.36 Realized Losses (132,636.62) Prepayment Penalties 0.00 Total Deposits 11,433,083.00 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 68,993.28 Payment of Interest and Principal 11,364,089.72 Total Withdrawals (Pool Distribution Amount) 11,433,083.00 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 13,419.84 Servicing Fee Support 7,275.19 Non-Supported Prepayment/Curtailment Interest Shortfall 6,144.65
SERVICING FEES Gross Servicing Fee 74,488.25 Master Servicing Fee 1,780.22 Supported Prepayment/Curtailment Interest Shortfall 7,275.19 Net Servicing Fee 68,993.28
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 129 0 0 129 3,841,754.42 0.00 0.00 3,841,754.42 30 Days 203 13 0 0 216 7,537,966.64 481,006.60 0.00 0.00 8,018,973.24 60 Days 49 7 0 0 56 2,566,305.95 148,954.42 0.00 0.00 2,715,260.37 90 Days 22 12 9 0 43 1,245,610.98 548,794.66 247,234.00 0.00 2,041,639.64 120 Days 22 9 11 0 42 587,589.37 208,428.60 366,081.44 0.00 1,162,099.41 150 Days 12 6 13 0 31 576,881.83 276,074.83 493,953.46 0.00 1,346,910.12 180+ Days 28 31 51 29 139 1,734,959.50 1,231,504.24 2,349,302.78 937,114.16 6,252,880.68 Totals 336 207 84 29 656 14,249,314.27 6,736,517.77 3,456,571.68 937,114.16 25,379,517.88 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 2.570233% 0.000000% 0.000000% 2.570233% 1.884248% 0.000000% 0.000000% 1.884248% 30 Days 4.044630% 0.259016% 0.000000% 0.000000% 4.303646% 3.697113% 0.235917% 0.000000% 0.000000% 3.933030% 60 Days 0.976290% 0.139470% 0.000000% 0.000000% 1.115760% 1.258685% 0.073057% 0.000000% 0.000000% 1.331742% 90 Days 0.438334% 0.239091% 0.179319% 0.000000% 0.856744% 0.610929% 0.269165% 0.121260% 0.000000% 1.001354% 120 Days 0.438334% 0.179319% 0.219167% 0.000000% 0.836820% 0.288192% 0.102227% 0.179550% 0.000000% 0.569970% 150 Days 0.239091% 0.119546% 0.259016% 0.000000% 0.617653% 0.282941% 0.135405% 0.242267% 0.000000% 0.660613% 180+ Days 0.557880% 0.617653% 1.016139% 0.577804% 2.769476% 0.850938% 0.604010% 1.152252% 0.459622% 3.066823% Totals 6.694561% 4.124328% 1.673640% 0.577804% 13.070333% 6.988798% 3.304030% 1.695329% 0.459622% 12.447780%
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 68 0 0 68 1,677,454.23 0.00 0.00 1,677,454.23 30 Days 106 6 0 0 112 3,913,736.44 221,106.61 0.00 0.00 4,134,843.05 60 Days 21 4 0 0 25 827,293.92 51,857.59 0.00 0.00 879,151.51 90 Days 12 8 3 0 23 744,555.94 344,379.62 68,688.51 0.00 1,157,624.07 120 Days 9 4 6 0 19 151,165.72 87,191.83 217,040.74 0.00 455,398.29 150 Days 4 2 8 0 14 105,644.56 48,322.74 362,018.54 0.00 515,985.84 180 Days 10 10 29 11 60 471,073.97 323,795.24 1,104,722.56 310,092.09 2,209,683.86 Totals 162 102 46 11 321 6,213,470.55 2,754,107.86 1,752,470.35 310,092.09 11,030,140.85 0-29 Days 2.191428% 0.000000% 0.000000% 2.191428% 1.401214% 0.000000% 0.000000% 1.401214% 30 Days 3.416049% 0.193361% 0.000000% 0.000000% 3.609410% 3.269230% 0.184695% 0.000000% 0.000000% 3.453925% 60 Days 0.676764% 0.128908% 0.000000% 0.000000% 0.805672% 0.691057% 0.043318% 0.000000% 0.000000% 0.734375% 90 Days 0.386723% 0.257815% 0.096681% 0.000000% 0.741218% 0.621944% 0.287668% 0.057377% 0.000000% 0.966989% 120 Days 0.290042% 0.128908% 0.193361% 0.000000% 0.612311% 0.126272% 0.072833% 0.181299% 0.000000% 0.380404% 150 Days 0.128908% 0.064454% 0.257815% 0.000000% 0.451176% 0.088247% 0.040365% 0.302402% 0.000000% 0.431014% 180 Days 0.322269% 0.322269% 0.934579% 0.354496% 1.933613% 0.393498% 0.270473% 0.922799% 0.259027% 1.845797% Totals 5.220754% 3.287141% 1.482436% 0.354496% 10.344828% 5.190248% 2.300567% 1.463877% 0.259027% 9.213719% 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 61 0 0 61 2,164,300.19 0.00 0.00 2,164,300.19 30 Days 96 7 0 0 103 3,330,083.06 259,899.99 0.00 0.00 3,589,983.05 60 Days 25 3 0 0 28 862,934.54 97,096.83 0.00 0.00 960,031.37 90 Days 10 4 6 0 20 501,055.04 204,415.04 178,545.49 0.00 884,015.57 120 Days 13 5 5 0 23 436,423.65 121,236.77 149,040.70 0.00 706,701.12 150 Days 8 4 5 0 17 471,237.27 227,752.09 131,934.92 0.00 830,924.28 180 Days 18 21 21 18 78 1,263,885.53 907,709.00 917,533.92 627,022.07 3,716,150.52 Totals 170 105 37 18 330 6,865,619.09 3,982,409.91 1,377,055.03 627,022.07 12,852,106.10 0-29 Days 3.284868% 0.000000% 0.000000% 3.284868% 3.335152% 0.000000% 0.000000% 3.335152% 30 Days 5.169628% 0.376952% 0.000000% 0.000000% 5.546581% 5.131605% 0.400502% 0.000000% 0.000000% 5.532107% 60 Days 1.346257% 0.161551% 0.000000% 0.000000% 1.507808% 1.329768% 0.149625% 0.000000% 0.000000% 1.479393% 90 Days 0.538503% 0.215401% 0.323102% 0.000000% 1.077006% 0.772118% 0.315000% 0.275136% 0.000000% 1.362254% 120 Days 0.700054% 0.269251% 0.269251% 0.000000% 1.238557% 0.672522% 0.186824% 0.229669% 0.000000% 1.089015% 150 Days 0.430802% 0.215401% 0.269251% 0.000000% 0.915455% 0.726169% 0.350962% 0.203310% 0.000000% 1.280441% 180 Days 0.969305% 1.130856% 1.130856% 0.969305% 4.200323% 1.947628% 1.398765% 1.413905% 0.966231% 5.726529% Totals 9.154550% 5.654281% 1.992461% 0.969305% 17.770598% 10.579810% 6.136830% 2.122020% 0.966231% 19.804891% 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 1 0 0 0 1 294,147.14 0.00 0.00 0.00 294,147.14 60 Days 3 0 0 0 3 876,077.49 0.00 0.00 0.00 876,077.49 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 0.00 327,046.30 0.00 327,046.30 Totals 4 0 1 0 5 1,170,224.63 0.00 327,046.30 0.00 1,497,270.93 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.694915% 0.000000% 0.000000% 0.000000% 1.694915% 1.525660% 0.000000% 0.000000% 0.000000% 1.525660% 60 Days 5.084746% 0.000000% 0.000000% 0.000000% 5.084746% 4.543973% 0.000000% 0.000000% 0.000000% 4.543973% 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% 1.694915% 0.000000% 1.694915% 0.000000% 0.000000% 1.696299% 0.000000% 1.696299% Totals 6.779661% 0.000000% 1.694915% 0.000000% 8.474576% 6.069634% 0.000000% 1.696299% 0.000000% 7.765933%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 256,746.36
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.576383% Weighted Average Net Coupon 9.157961% Weighted Average Pass-Through Rate 9.153558% Weighted Average Maturity(Stepdown Calculation ) 209 Beginning Scheduled Collateral Loan Count 5,159 Number Of Loans Paid In Full 140 Ending Scheduled Collateral Loan Count 5,019 Beginning Scheduled Collateral Balance 213,626,310.15 Ending Scheduled Collateral Balance 203,757,337.62 Ending Actual Collateral Balance at 31-Oct-2002 203,887,905.27 Monthly P &I Constant 2,675,892.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 132,636.62 Cumulative Realized Loss 1,048,164.36 Ending Scheduled Balance for Premium Loans 203,757,337.62 Scheduled Principal 971,086.36 Unscheduled Principal 8,897,886.17 Required Overcollateralization Amount 1,796,781.75 Overcollateralized Increase Amount 132,636.62 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,796,781.75 Overcollateralized Amount 1,796,781.75 Overcollateralized Deficiency Amount 132,636.62 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 132,636.62 Excess Cash Amount 550,444.57
Miscellaneous Reporting BSSP Group 1 - Stated Principal Balance 10,054,517.77 BSSP Group 2 - Stated Principal Balance 147,299.48 BSSP Group 3 - Stated Principal Balance 198,462.45 Three Month Rolling Average 6.151780% 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 9.541046 10.169501 7.907663 Weighted Average Net Rate 9.140304 9.681284 7.606663 Weighted Average Maturity 109 16 232 Beginning Loan Count 3,188 1,905 66 Loans Paid In Full 85 48 7 Ending Loan Count 3,103 1,857 59 Beginning Scheduled Balance 124,726,993.75 67,536,005.21 21,363,311.19 Ending scheduled Balance 119,609,486.60 64,887,225.39 19,260,625.63 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal And Interest Constant 1,621,084.49 880,470.23 174,337.74 Scheduled Principal 629,396.16 308,130.68 33,559.52 Unscheduled Principal 4,488,110.99 2,340,649.14 2,069,126.04 Scheduled Interest 991,688.33 572,339.55 140,778.22 Servicing Fees 41,652.78 27,476.84 5,358.63 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 659.89 0.00 123.89 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 949,375.66 544,862.71 135,295.70 Realized Loss Amount 67,622.94 65,013.68 0.00 Cumulative Realized Loss 498,393.92 549,484.25 286.19 Percentage of Cumulative Losses 0.00 0.01 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 9.133955 9.681284 7.599704
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 9.576383 Weighted Average Net Rate 9.157961 Weighted Average Maturity 209 Beginning Loan Count 5,159 Loans Paid In Full 140 Ending Loan Count 5,019 Beginning Scheduled Balance 213,626,310.15 Ending scheduled Balance 203,757,337.62 Record Date 10/31/2002 Principal And Interest Constant 2,675,892.46 Scheduled Principal 971,086.36 Unscheduled Principal 8,897,886.17 Scheduled Interest 1,704,806.10 Servicing Fees 74,488.25 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 783.78 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,629,534.07 Realized Loss Amount 132,636.62 Cumulative Realized Loss 1,048,164.36 Percentage of Cumulative Losses 0.01 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 9.153558
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