-----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, DmTV7b/d6IeuC9tKZ0w5XZCdcUqwy/shxBV+IZ7AuByDruHXFQYmw/vjbuNKIuu2 oXiwL2j2DhrfLNPO29fU+g== 0001056404-02-001330.txt : 20021106 0001056404-02-001330.hdr.sgml : 20021106 20021106152528 ACCESSION NUMBER: 0001056404-02-001330 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS-THRO CERT SERIES 2001-3 CENTRAL INDEX KEY: 0001144325 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: 333-51279-14 FILM NUMBER: 02811127 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 bst01003.txt OCTOBER 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): October 25, 2002 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-14 90-0031697 Pooling and Servicing Agreement) (Commission 90-0042365 (State or other File Number) 90-0031963 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 October 25, 2002 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-3 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 2001-3 Trust, relating to the October 25, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-3 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: 10/25/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the October 25, 2002 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 9/30/02 Distribution Date: 10/25/02 BST Series: 2001-3 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 07384MDD1 SEN 6.51150% 11,069,323.24 59,690.47 1,323,836.67 R-I 07384MDE9 RES 6.31023% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.51150% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.51150% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.28523% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.78523% 7,009,617.40 33,582.88 7,009,617.40 II-A-3 07384MDK5 SEN 5.95000% 146,706,600.00 722,885.64 11,709,304.73 II-A-4 07384MEH1 SEN 6.31023% 1,000.00 5.23 0.00 II-X 07384MDL3 SEN 0.36774% 0.00 46,813.15 0.00 III-A 07384MDM1 SEN 6.65425% 82,545,136.54 454,876.26 11,204,816.71 IV-A 07384MDN9 SEN 6.90407% 30,188,219.88 172,601.96 3,622,649.82 V-A 07384MDP4 SEN 6.68552% 33,554,512.41 185,775.86 4,660,482.59 VI-A 07384MDQ2 SEN 6.52226% 18,595,601.46 100,441.09 2,481,106.86 B-1 07384MDR0 SUB 6.48119% 7,832,659.48 42,040.38 484,757.06 B-2 07384MDS8 SUB 6.48119% 4,405,776.99 23,647.21 272,670.03 B-3 07384MDT6 SUB 6.48119% 2,937,209.72 15,764.94 181,781.57 B-4 07384MDV1 SUB 6.48119% 1,958,164.87 10,510.10 121,189.27 B-5 07384MDW9 SUB 6.48119% 979,120.02 5,255.25 60,596.96 B-6 07384MDX7 SUB 6.48119% 1,468,755.14 7,883.28 90,900.09 Totals 349,251,697.15 1,881,773.70 43,223,709.76
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 9,745,486.57 1,383,527.14 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 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 7,043,200.28 0.00 II-A-3 0.00 134,997,295.27 12,432,190.37 0.00 II-A-4 0.00 1,000.00 5.23 0.00 II-X 0.00 0.00 46,813.15 0.00 III-A 0.00 71,340,319.83 11,659,692.97 0.00 IV-A 0.00 26,565,570.06 3,795,251.78 0.00 V-A 0.00 28,894,029.82 4,846,258.45 0.00 VI-A 0.00 16,114,494.60 2,581,547.95 0.00 B-1 0.00 7,347,902.42 526,797.44 0.00 B-2 0.00 4,133,106.96 296,317.24 0.00 B-3 0.00 2,755,428.15 197,546.51 0.00 B-4 0.00 1,836,975.61 131,699.37 0.00 B-5 0.00 918,523.06 65,852.21 0.00 B-6 0.00 1,377,855.06 98,783.37 0.00 Totals 0.00 306,027,987.41 45,105,483.46 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 88,092,600.00 11,069,323.24 10,983.07 1,312,853.60 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 0.00 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 7,009,617.40 57,151.10 6,952,466.29 0.00 0.00 II-A-3 146,706,600.00 146,706,600.00 95,468.79 11,613,835.94 0.00 0.00 II-A-4 1,000.00 1,000.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 209,616,500.00 82,545,136.54 69,011.48 11,135,805.23 0.00 0.00 IV-A 79,734,300.00 30,188,219.88 26,107.62 3,596,542.20 0.00 0.00 V-A 145,181,800.00 33,554,512.41 30,154.36 4,630,328.23 0.00 0.00 VI-A 87,535,000.00 18,595,601.46 11,555.18 2,469,551.68 0.00 0.00 B-1 10,419,600.00 7,832,659.48 7,227.75 477,529.31 0.00 0.00 B-2 5,860,900.00 4,405,776.99 4,065.52 268,604.51 0.00 0.00 B-3 3,907,300.00 2,937,209.72 2,710.37 179,071.20 0.00 0.00 B-4 2,604,900.00 1,958,164.87 1,806.94 119,382.33 0.00 0.00 B-5 1,302,500.00 979,120.02 903.50 59,693.46 0.00 0.00 B-6 1,953,851.00 1,468,755.14 1,355.32 89,544.76 0.00 0.00 Totals 1,302,438,001.00 349,251,697.15 318,501.00 42,905,208.74 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 1,323,836.67 9,745,486.57 0.11062775 1,323,836.67 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 7,009,617.40 0.00 0.00000000 7,009,617.40 II-A-3 11,709,304.73 134,997,295.27 0.92018556 11,709,304.73 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 11,204,816.71 71,340,319.83 0.34033733 11,204,816.71 IV-A 3,622,649.82 26,565,570.06 0.33317619 3,622,649.82 V-A 4,660,482.59 28,894,029.82 0.19901964 4,660,482.59 VI-A 2,481,106.86 16,114,494.60 0.18409202 2,481,106.86 B-1 484,757.06 7,347,902.42 0.70520005 484,757.06 B-2 272,670.03 4,133,106.96 0.70520005 272,670.03 B-3 181,781.57 2,755,428.15 0.70520005 181,781.57 B-4 121,189.27 1,836,975.61 0.70520005 121,189.27 B-5 60,596.96 918,523.06 0.70520005 60,596.96 B-6 90,900.09 1,377,855.06 0.70519966 90,900.09 Totals 43,223,709.76 306,027,987.41 0.23496549 43,223,709.76
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 88,092,600.00 125.65554019 0.12467642 14.90310877 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 35.89049065 0.29262382 35.59786678 0.00000000 II-A-3 146,706,600.00 1000.00000000 0.65074639 79.16369093 0.00000000 II-A-4 1,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 209,616,500.00 393.79121653 0.32922733 53.12465970 0.00000000 IV-A 79,734,300.00 378.61020765 0.32743274 45.10658775 0.00000000 V-A 145,181,800.00 231.12065293 0.20770069 31.89331053 0.00000000 VI-A 87,535,000.00 212.43618507 0.13200640 28.21216291 0.00000000 B-1 10,419,600.00 751.72362471 0.69366866 45.82990806 0.00000000 B-2 5,860,900.00 751.72362436 0.69366821 45.82990838 0.00000000 B-3 3,907,300.00 751.72362501 0.69366826 45.82990812 0.00000000 B-4 2,604,900.00 751.72362471 0.69366962 45.82990902 0.00000000 B-5 1,302,500.00 751.72362380 0.69366603 45.82991171 0.00000000 B-6 1,953,851.00 751.72320714 0.69366600 45.82988160 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 15.02778519 110.62775500 0.11062775 15.02778519 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 35.89049065 0.00000000 0.00000000 35.89049065 II-A-3 0.00000000 79.81443732 920.18556268 0.92018556 79.81443732 II-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 53.45388703 340.33732950 0.34033733 53.45388703 IV-A 0.00000000 45.43402049 333.17618716 0.33317619 45.43402049 V-A 0.00000000 32.10101121 199.01964172 0.19901964 32.10101121 VI-A 0.00000000 28.34416930 184.09201577 0.18409202 28.34416930 B-1 0.00000000 46.52357672 705.20004799 0.70520005 46.52357672 B-2 0.00000000 46.52357658 705.20004777 0.70520005 46.52357658 B-3 0.00000000 46.52357638 705.20004863 0.70520005 46.52357638 B-4 0.00000000 46.52357864 705.20004991 0.70520005 46.52357864 B-5 0.00000000 46.52357774 705.20004607 0.70520005 46.52357774 B-6 0.00000000 46.52355272 705.19965954 0.70519966 46.52355272 (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 88,092,600.00 6.51150% 11,069,323.24 60,064.90 0.00 0.00 R-I 50.00 6.31023% 0.00 0.00 0.00 0.00 R-II 50.00 6.51150% 0.00 0.00 0.00 0.00 R-III 50.00 6.51150% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.28523% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.78523% 7,009,617.40 33,793.54 0.00 0.00 II-A-3 146,706,600.00 5.95000% 146,706,600.00 727,420.22 0.00 0.00 II-A-4 1,000.00 6.31023% 1,000.00 5.26 0.00 0.00 II-X 0.00 0.36774% 153,716,217.40 47,106.80 0.00 0.00 III-A 209,616,500.00 6.65425% 82,545,136.54 457,729.65 0.00 0.00 IV-A 79,734,300.00 6.90407% 30,188,219.88 173,684.68 0.00 0.00 V-A 145,181,800.00 6.68552% 33,554,512.41 186,941.21 0.00 0.00 VI-A 87,535,000.00 6.52226% 18,595,601.46 101,071.15 0.00 0.00 B-1 10,419,600.00 6.48119% 7,832,659.48 42,304.10 0.00 0.00 B-2 5,860,900.00 6.48119% 4,405,776.99 23,795.55 0.00 0.00 B-3 3,907,300.00 6.48119% 2,937,209.72 15,863.83 0.00 0.00 B-4 2,604,900.00 6.48119% 1,958,164.87 10,576.02 0.00 0.00 B-5 1,302,500.00 6.48119% 979,120.02 5,288.21 0.00 0.00 B-6 1,953,851.00 6.48119% 1,468,755.14 7,932.73 0.00 0.00 Totals 1,302,438,001.00 1,893,577.85 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 374.43 0.00 59,690.47 0.00 9,745,486.57 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 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-2 210.66 0.00 33,582.88 0.00 0.00 II-A-3 4,534.58 0.00 722,885.64 0.00 134,997,295.27 II-A-4 0.03 0.00 5.23 0.00 1,000.00 II-X 293.65 0.00 46,813.15 0.00 134,997,295.27 III-A 2,853.39 0.00 454,876.26 0.00 71,340,319.83 IV-A 1,082.71 0.00 172,601.96 0.00 26,565,570.06 V-A 1,165.35 0.00 185,775.86 0.00 28,894,029.82 VI-A 630.06 0.00 100,441.09 0.00 16,114,494.60 B-1 263.71 0.00 42,040.38 0.00 7,347,902.42 B-2 148.34 0.00 23,647.21 0.00 4,133,106.96 B-3 98.89 0.00 15,764.94 0.00 2,755,428.15 B-4 65.93 0.00 10,510.10 0.00 1,836,975.61 B-5 32.97 0.00 5,255.25 0.00 918,523.06 B-6 49.45 0.00 7,883.28 0.00 1,377,855.06 Totals 11,804.15 0.00 1,881,773.70 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 88,092,600.00 6.51150% 125.65554019 0.68183820 0.00000000 0.00000000 R-I 50.00 6.31023% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.51150% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.51150% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.28523% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.78523% 35.89049065 0.17302895 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% 1000.00000000 4.95833330 0.00000000 0.00000000 II-A-4 1,000.00 6.31023% 1000.00000000 5.26000000 0.00000000 0.00000000 II-X 0.00 0.36774% 230.72628243 0.07070677 0.00000000 0.00000000 III-A 209,616,500.00 6.65425% 393.79121653 2.18365277 0.00000000 0.00000000 IV-A 79,734,300.00 6.90407% 378.61020765 2.17829316 0.00000000 0.00000000 V-A 145,181,800.00 6.68552% 231.12065293 1.28763530 0.00000000 0.00000000 VI-A 87,535,000.00 6.52226% 212.43618507 1.15463700 0.00000000 0.00000000 B-1 10,419,600.00 6.48119% 751.72362471 4.06005029 0.00000000 0.00000000 B-2 5,860,900.00 6.48119% 751.72362436 4.06005050 0.00000000 0.00000000 B-3 3,907,300.00 6.48119% 751.72362501 4.06004914 0.00000000 0.00000000 B-4 2,604,900.00 6.48119% 751.72362471 4.06004837 0.00000000 0.00000000 B-5 1,302,500.00 6.48119% 751.72362380 4.06004607 0.00000000 0.00000000 B-6 1,953,851.00 6.48119% 751.72320714 4.06004859 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 0.00425041 0.00000000 0.67758779 0.00000000 110.62775500 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 0.00107862 0.00000000 0.17195033 0.00000000 0.00000000 II-A-3 0.03090918 0.00000000 4.92742412 0.00000000 920.18556268 II-A-4 0.03000000 0.00000000 5.23000000 0.00000000 1000.00000000 II-X 0.00044077 0.00000000 0.07026600 0.00000000 202.62939462 III-A 0.01361243 0.00000000 2.17004034 0.00000000 340.33732950 IV-A 0.01357897 0.00000000 2.16471406 0.00000000 333.17618716 V-A 0.00802683 0.00000000 1.27960846 0.00000000 199.01964172 VI-A 0.00719781 0.00000000 1.14743920 0.00000000 184.09201577 B-1 0.02530903 0.00000000 4.03474030 0.00000000 705.20004799 B-2 0.02531011 0.00000000 4.03474040 0.00000000 705.20004777 B-3 0.02530904 0.00000000 4.03474010 0.00000000 705.20004863 B-4 0.02530999 0.00000000 4.03474222 0.00000000 705.20004991 B-5 0.02531286 0.00000000 4.03474088 0.00000000 705.20004607 B-6 0.02530899 0.00000000 4.03473960 0.00000000 705.19965954 (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 45,160,529.17 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 37,895.60 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 45,198,424.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 92,941.31 Payment of Interest and Principal 45,105,483.46 Total Withdrawals (Pool Distribution Amount) 45,198,424.77 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 83,793.39 Servicing Fee Support 71,989.23 Non-Supported Prepayment/Curtailment Interest Shortfall 11,804.15
SERVICING FEES Gross Servicing Fee 127,539.93 Supplemental PMI Insurance Fee 37,390.61 Supported Prepayment/Curtailment Interest Shortfall 71,989.23 Net Servicing Fee 92,941.31
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 8 0 0 0 8 2,542,619.80 0.00 0.00 0.00 2,542,619.80 60 Days 1 0 0 0 1 444,235.37 0.00 0.00 0.00 444,235.37 90 Days 1 0 0 0 1 410,345.87 0.00 0.00 0.00 410,345.87 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 316,454.68 0.00 316,454.68 180+ Days 1 1 2 1 5 290,612.49 316,772.82 721,425.64 582,161.11 1,910,972.06 Totals 11 1 3 1 16 3,687,813.53 316,772.82 1,037,880.32 582,161.11 5,624,627.78 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 1.117318% 0.000000% 0.000000% 0.000000% 1.117318% 0.830129% 0.000000% 0.000000% 0.000000% 0.830129% 60 Days 0.139665% 0.000000% 0.000000% 0.000000% 0.139665% 0.145037% 0.000000% 0.000000% 0.000000% 0.145037% 90 Days 0.139665% 0.000000% 0.000000% 0.000000% 0.139665% 0.133972% 0.000000% 0.000000% 0.000000% 0.133972% 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% 0.139665% 0.000000% 0.139665% 0.000000% 0.000000% 0.103318% 0.000000% 0.103318% 180+ Days 0.139665% 0.139665% 0.279330% 0.139665% 0.698324% 0.094881% 0.103422% 0.235535% 0.190067% 0.623905% Totals 1.536313% 0.139665% 0.418994% 0.139665% 2.234637% 1.204019% 0.103422% 0.338853% 0.190067% 1.836362%
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 50,483.78 0.00 0.00 0.00 50,483.78 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 50,483.78 0.00 0.00 0.00 50,483.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.448276% 0.000000% 0.000000% 0.000000% 3.448276% 0.461052% 0.000000% 0.000000% 0.000000% 0.461052% 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 3.448276% 0.000000% 0.000000% 0.000000% 3.448276% 0.461052% 0.000000% 0.000000% 0.000000% 0.461052% 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 1 0 0 0 1 286,850.19 0.00 0.00 0.00 286,850.19 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 1 0 1 0.00 0.00 316,454.68 0.00 316,454.68 180 Days 1 1 2 1 5 290,612.49 316,772.82 721,425.64 582,161.11 1,910,972.06 Totals 2 1 3 1 7 577,462.68 316,772.82 1,037,880.32 582,161.11 2,514,276.93 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.298507% 0.000000% 0.000000% 0.000000% 0.298507% 0.198390% 0.000000% 0.000000% 0.000000% 0.198390% 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% 0.298507% 0.000000% 0.298507% 0.000000% 0.000000% 0.218865% 0.000000% 0.218865% 180 Days 0.298507% 0.298507% 0.597015% 0.298507% 1.492537% 0.200992% 0.219085% 0.498949% 0.402632% 1.321658% Totals 0.597015% 0.298507% 0.895522% 0.298507% 2.089552% 0.399382% 0.219085% 0.717814% 0.402632% 1.738914% 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 5 0 0 0 5 1,630,707.67 0.00 0.00 0.00 1,630,707.67 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 410,345.87 0.00 0.00 0.00 410,345.87 120 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 6 0 0 0 6 2,041,053.54 0.00 0.00 0.00 2,041,053.54 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.590674% 0.000000% 0.000000% 0.000000% 2.590674% 2.183988% 0.000000% 0.000000% 0.000000% 2.183988% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.518135% 0.000000% 0.000000% 0.000000% 0.518135% 0.549571% 0.000000% 0.000000% 0.000000% 0.549571% 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 3.108808% 0.000000% 0.000000% 0.000000% 3.108808% 2.733559% 0.000000% 0.000000% 0.000000% 2.733559% 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% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 1 574,578.16 0.00 0.00 0.00 574,578.16 60 Days 1 0 0 0 1 444,235.37 0.00 0.00 0.00 444,235.37 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 1,018,813.53 0.00 0.00 0.00 1,018,813.53 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.853360% 0.000000% 0.000000% 0.000000% 1.853360% 60 Days 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.432926% 0.000000% 0.000000% 0.000000% 1.432926% 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 3.174603% 0.000000% 0.000000% 0.000000% 3.174603% 3.286286% 0.000000% 0.000000% 0.000000% 3.286286% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 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 37,895.60
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.00 93.23633064% 296,282,500.84 96.81549173% 3.184508% 94.862184% Class R-I 1,214,345,351.00 93.23632680% 296,282,500.84 96.81549173% 0.000000% 0.000000% Class R-II 1,214,345,301.00 93.23632296% 296,282,500.84 96.81549173% 0.000000% 0.000000% Class R-III 1,214,345,251.00 93.23631912% 296,282,500.84 96.81549173% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% 296,282,500.84 96.81549173% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% 296,282,500.84 96.81549173% 0.000000% 0.000000% Class 2A3 548,117,651.00 42.08397256% 161,285,205.57 52.70276321% 44.112729% 37.757166% Class 2A4 548,116,651.00 42.08389578% 161,284,205.57 52.70243645% 0.000327% 0.000280% Class 3A 338,500,151.00 25.98973239% 89,943,885.74 29.39073857% 23.311698% 19.953054% Class B-1 15,629,451.00 1.20001497% 11,021,888.84 3.60159505% 2.401056% 2.055122% Class B-2 9,768,551.00 0.75002042% 6,888,781.88 2.25103002% 1.350565% 1.155982% Class B-3 5,861,251.00 0.45002150% 4,133,353.73 1.35064566% 0.900384% 0.770661% Class B-4 3,256,351.00 0.25001966% 2,296,378.12 0.75038173% 0.600264% 0.513781% Class B-5 1,953,851.00 0.15001490% 1,377,855.06 0.45023825% 0.300143% 0.256900% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.450238% 0.385370% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.072865% Weighted Average Net Coupon 6.634648% Weighted Average Pass-Through Rate 6.506177% Weighted Average Maturity(Stepdown Calculation ) 340 Beginning Scheduled Collateral Loan Count 811 Number Of Loans Paid In Full 95 Ending Scheduled Collateral Loan Count 716 Beginning Scheduled Collateral Balance 349,251,697.16 Ending Scheduled Collateral Balance 306,027,987.40 Ending Actual Collateral Balance at 30-Sep-2002 306,291,967.94 Monthly P &I Constant 2,377,009.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 43,799,632.19 Ending Scheduled Balance for Premium Loans 306,027,987.40 Scheduled Principal 318,501.01 Unscheduled Principal 42,905,208.75
Miscellaneous Reporting Senior Percentage Group I 89.724368% Senior Percentage Group II 93.863569% Senior Percentage Group III 95.926551% Senior Percentage Group IV 95.738082% Senior Percentage Group V 93.763700% Senior Percentage Group VI 94.015348% Senior Prepayment Percentage Group I 94.862184% Senior Prepayment Percentage Group II 96.931784% Senior Prepayment Percentage Group III 97.963276% Senior Prepayment Percentage Group IV 97.869041% Senior Prepayment Percentage Group V 96.881850% Senior Prepayment Percentage Group VI 97.007674% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 10.275632% Subordinate Percentage Group II 6.136431% Subordinate Percentage Group III 4.073449% Subordinate Percentage Group IV 4.261918% Subordinate Percentage Group V 6.236300% Subordinate Percentage Group VI 5.984652% Subordinate Prep. Percentage Group I 5.137816% Subordinate Prep. Percentage Group II 3.068216% Subordinate Prep. Percentage Group III 2.036724% Subordinate Prep. Percentage Group IV 2.130959% Subordinate Prep. Percentage Group V 3.118150% Subordinate Prep. Percentage Group VI 2.992326%
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.002189 6.989191 7.080834 Weighted Average Net Rate 6.634080 6.433597 6.783065 Weighted Average Maturity 340 140 340 Beginning Loan Count 32 375 219 Loans Paid In Full 3 40 26 Ending Loan Count 29 335 193 Beginning Scheduled Balance 12,337,031.16 163,766,644.90 86,050,353.80 Ending scheduled Balance 10,940,831.40 144,450,059.44 74,611,085.45 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant 84,229.42 1,116,427.91 579,698.89 Scheduled Principal 12,240.90 162,597.58 71,942.00 Unscheduled Principal 1,383,958.86 19,153,987.88 11,367,326.35 Scheduled Interest 71,988.52 953,830.33 507,756.89 Servicing Fees 3,784.48 75,823.21 21,352.59 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 1,260.23 16,836.12 9,237.50 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 66,943.81 861,171.00 477,166.80 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 6.511499 6.310230 6.654245
Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.390551 7.192802 7.051620 Weighted Average Net Rate 7.039845 6.817802 6.676620 Weighted Average Maturity 330 341 341 Beginning Loan Count 73 74 38 Loans Paid In Full 10 11 5 Ending Loan Count 63 63 33 Beginning Scheduled Balance 31,532,091.64 35,786,250.31 19,779,325.35 Ending scheduled Balance 27,829,970.02 30,974,734.65 17,221,306.44 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant 221,469.44 246,662.78 128,520.98 Scheduled Principal 27,269.84 32,159.95 12,290.74 Unscheduled Principal 3,674,851.78 4,779,355.71 2,545,728.17 Scheduled Interest 194,199.60 214,502.83 116,230.24 Servicing Fees 9,215.41 11,183.20 6,181.04 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 3,567.70 3,944.80 2,544.26 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 181,416.49 199,374.83 107,504.94 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 6.904071 6.685523 6.522262
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.072865 Weighted Average Net Rate 6.634648 Weighted Average Maturity 340.00 Record Date 09/30/2002 Principal And Interest Constant 2,377,009.42 Beginning Loan Count 811 Loans Paid In Full 95 Ending Loan Count 716 Beginning Scheduled Balance 349,251,697.16 Ending Scheduled Balance 306,027,987.40 Scheduled Principal 318,501.01 Unscheduled Principal 42,905,208.75 Scheduled Interest 2,058,508.41 Servicing Fee 127,539.93 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 37,390.61 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,893,577.87 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.506177
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