-----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, PD+lPhTNBgoFjQIMJH1W2+efLnJd+2Vk8WFVjp0p67LGjVkYmuIx1ylgvac3mTRz taH74Z4FfoUIg+tZQgCSRA== 0001056404-03-000328.txt : 20030205 0001056404-03-000328.hdr.sgml : 20030205 20030205092046 ACCESSION NUMBER: 0001056404-03-000328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030127 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030205 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: 03539559 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 JAN 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): January 27, 2003 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 Pooling and Servicing Agreement) (Commission 90-0031963 (State or other File Number) 90-0042365 jurisdiction 90-0031697 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 January 27, 2003 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 January 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 2001-3 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: 2/3/03 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 January 27, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 12/31/02 Distribution Date: 1/27/03 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 6.60524% 5,992,506.91 32,640.01 563,482.69 R-I 07384MDE9 RES 6.43523% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.51772% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.51772% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.41023% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.91023% 0.00 0.00 0.00 II-A-3 07384MDK5 SEN 5.95000% 99,215,548.21 486,799.41 12,247,990.22 II-A-4 07384MEH1 SEN 6.31915% 1,000.00 5.21 0.00 II-X 07384MDL3 SEN 0.36915% 0.00 30,201.71 0.00 III-A 07384MDM1 SEN 6.63154% 49,512,887.36 270,760.91 7,438,431.15 IV-A 07384MDN9 SEN 6.89540% 19,405,769.57 110,342.76 3,403,477.89 V-A 07384MDP4 SEN 6.67732% 17,614,765.58 96,991.14 3,713,849.92 VI-A 07384MDQ2 SEN 6.55114% 11,416,855.11 61,676.04 1,561,467.67 B-1 07384MDR0 SUB 6.48450% 6,242,648.70 33,380.94 423,565.81 B-2 07384MDS8 SUB 6.48450% 3,511,415.00 18,776.38 238,250.69 B-3 07384MDT6 SUB 6.48450% 2,340,963.31 12,517.69 158,835.15 B-4 07384MDV1 SUB 6.48450% 1,560,662.18 8,345.23 105,891.45 B-5 07384MDW9 SUB 6.48450% 780,361.04 4,172.78 52,947.76 B-6 07384MDX7 SUB 6.48450% 1,170,601.43 6,259.49 79,425.70 Totals 218,765,984.40 1,172,869.70 29,987,616.10
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 5,429,024.22 596,122.70 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 0.00 0.00 II-A-3 0.00 86,967,557.98 12,734,789.63 0.00 II-A-4 0.00 1,000.00 5.21 0.00 II-X 0.00 0.00 30,201.71 0.00 III-A 0.00 42,074,456.21 7,709,192.06 0.00 IV-A 0.00 16,002,291.69 3,513,820.65 0.00 V-A 0.00 13,900,915.66 3,810,841.06 0.00 VI-A 0.00 9,855,387.43 1,623,143.71 0.00 B-1 0.00 5,819,082.89 456,946.75 0.00 B-2 0.00 3,273,164.32 257,027.07 0.00 B-3 0.00 2,182,128.16 171,352.84 0.00 B-4 0.00 1,454,770.72 114,236.68 0.00 B-5 0.00 727,413.29 57,120.54 0.00 B-6 0.00 1,091,175.73 85,685.19 0.00 Totals 0.00 188,778,368.30 31,160,485.80 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 5,992,506.91 5,825.30 557,657.39 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 0.00 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 99,215,548.21 101,384.26 12,146,605.96 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 49,512,887.36 42,743.30 7,395,687.85 0.00 0.00 IV-A 79,734,300.00 19,405,769.57 15,883.42 3,387,594.47 0.00 0.00 V-A 145,181,800.00 17,614,765.58 16,169.59 3,697,680.32 0.00 0.00 VI-A 87,535,000.00 11,416,855.11 8,260.12 1,553,207.56 0.00 0.00 B-1 10,419,600.00 6,242,648.70 5,914.52 417,651.29 0.00 0.00 B-2 5,860,900.00 3,511,415.00 3,326.85 234,923.84 0.00 0.00 B-3 3,907,300.00 2,340,963.31 2,217.92 156,617.23 0.00 0.00 B-4 2,604,900.00 1,560,662.18 1,478.63 104,412.82 0.00 0.00 B-5 1,302,500.00 780,361.04 739.34 52,208.42 0.00 0.00 B-6 1,953,851.00 1,170,601.43 1,109.07 78,316.63 0.00 0.00 Totals 1,302,438,001.00 218,765,984.40 205,052.32 29,782,563.78 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 563,482.69 5,429,024.22 0.06162861 563,482.69 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 0.00 0.00 0.00000000 0.00 II-A-3 12,247,990.22 86,967,557.98 0.59279922 12,247,990.22 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 7,438,431.15 42,074,456.21 0.20072111 7,438,431.15 IV-A 3,403,477.89 16,002,291.69 0.20069521 3,403,477.89 V-A 3,713,849.92 13,900,915.66 0.09574834 3,713,849.92 VI-A 1,561,467.67 9,855,387.43 0.11258796 1,561,467.67 B-1 423,565.81 5,819,082.89 0.55847469 423,565.81 B-2 238,250.69 3,273,164.32 0.55847469 238,250.69 B-3 158,835.15 2,182,128.16 0.55847469 158,835.15 B-4 105,891.45 1,454,770.72 0.55847469 105,891.45 B-5 52,947.76 727,413.29 0.55847469 52,947.76 B-6 79,425.70 1,091,175.73 0.55847438 79,425.70 Totals 29,987,616.10 188,778,368.30 0.14494231 29,987,616.10
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 68.02508849 0.06612701 6.33035454 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 676.28551279 0.69106816 82.79522503 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 209,616,500.00 236.20701309 0.20391191 35.28199283 0.00000000 IV-A 79,734,300.00 243.38044693 0.19920436 42.48603763 0.00000000 V-A 145,181,800.00 121.32902044 0.11137477 25.46931034 0.00000000 VI-A 87,535,000.00 130.42617364 0.09436363 17.74384600 0.00000000 B-1 10,419,600.00 599.12556144 0.56763407 40.08323640 0.00000000 B-2 5,860,900.00 599.12556092 0.56763466 40.08323636 0.00000000 B-3 3,907,300.00 599.12556241 0.56763494 40.08323651 0.00000000 B-4 2,604,900.00 599.12556336 0.56763407 40.08323544 0.00000000 B-5 1,302,500.00 599.12555854 0.56763148 40.08323992 0.00000000 B-6 1,953,851.00 599.12523012 0.56763284 40.08321515 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 6.39648154 61.62860694 0.06162861 6.39648154 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 83.48629319 592.79921953 0.59279922 83.48629319 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 35.48590474 200.72110836 0.20072111 35.48590474 IV-A 0.00000000 42.68524198 200.69520507 0.20069521 42.68524198 V-A 0.00000000 25.58068518 95.74833526 0.09574834 25.58068518 VI-A 0.00000000 17.83820952 112.58796401 0.11258796 17.83820952 B-1 0.00000000 40.65087047 558.47469097 0.55847469 40.65087047 B-2 0.00000000 40.65087103 558.47469160 0.55847469 40.65087103 B-3 0.00000000 40.65087145 558.47469096 0.55847469 40.65087145 B-4 0.00000000 40.65086952 558.47469001 0.55847469 40.65086952 B-5 0.00000000 40.65087140 558.47469482 0.55847469 40.65087140 B-6 0.00000000 40.65084799 558.47438213 0.55847438 40.65084799 (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 6.60524% 5,992,506.91 32,984.94 0.00 0.00 R-I 50.00 6.43523% 0.00 0.00 0.00 0.00 R-II 50.00 6.51772% 0.00 0.00 0.00 0.00 R-III 50.00 6.51772% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.41023% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.91023% 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 5.95000% 99,215,548.21 491,943.76 0.00 0.00 II-A-4 1,000.00 6.31915% 1,000.00 5.27 0.00 0.00 II-X 0.00 0.36915% 99,215,548.21 30,520.87 0.00 0.00 III-A 209,616,500.00 6.63154% 49,512,887.36 273,622.23 0.00 0.00 IV-A 79,734,300.00 6.89540% 19,405,769.57 111,508.83 0.00 0.00 V-A 145,181,800.00 6.67732% 17,614,765.58 98,016.11 0.00 0.00 VI-A 87,535,000.00 6.55114% 11,416,855.11 62,327.81 0.00 0.00 B-1 10,419,600.00 6.48450% 6,242,648.70 33,733.70 0.00 0.00 B-2 5,860,900.00 6.48450% 3,511,415.00 18,974.80 0.00 0.00 B-3 3,907,300.00 6.48450% 2,340,963.31 12,649.97 0.00 0.00 B-4 2,604,900.00 6.48450% 1,560,662.18 8,433.42 0.00 0.00 B-5 1,302,500.00 6.48450% 780,361.04 4,216.87 0.00 0.00 B-6 1,953,851.00 6.48450% 1,170,601.43 6,325.63 0.00 0.00 Totals 1,302,438,001.00 1,185,264.21 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 344.93 0.00 32,640.01 0.00 5,429,024.22 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 0.00 0.00 0.00 0.00 0.00 II-A-3 5,144.35 0.00 486,799.41 0.00 86,967,557.98 II-A-4 0.06 0.00 5.21 0.00 1,000.00 II-X 319.16 0.00 30,201.71 0.00 86,967,557.98 III-A 2,861.32 0.00 270,760.91 0.00 42,074,456.21 IV-A 1,166.07 0.00 110,342.76 0.00 16,002,291.69 V-A 1,024.97 0.00 96,991.14 0.00 13,900,915.66 VI-A 651.77 0.00 61,676.04 0.00 9,855,387.43 B-1 352.76 0.00 33,380.94 0.00 5,819,082.89 B-2 198.42 0.00 18,776.38 0.00 3,273,164.32 B-3 132.28 0.00 12,517.69 0.00 2,182,128.16 B-4 88.19 0.00 8,345.23 0.00 1,454,770.72 B-5 44.10 0.00 4,172.78 0.00 727,413.29 B-6 66.15 0.00 6,259.49 0.00 1,091,175.73 Totals 12,394.53 0.00 1,172,869.70 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 6.60524% 68.02508849 0.37443486 0.00000000 0.00000000 R-I 50.00 6.43523% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.51772% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.51772% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.41023% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.91023% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% 676.28551279 3.35324900 0.00000000 0.00000000 II-A-4 1,000.00 6.31915% 1000.00000000 5.27000000 0.00000000 0.00000000 II-X 0.00 0.36915% 148.92140195 0.04581148 0.00000000 0.00000000 III-A 209,616,500.00 6.63154% 236.20701309 1.30534681 0.00000000 0.00000000 IV-A 79,734,300.00 6.89540% 243.38044693 1.39850516 0.00000000 0.00000000 V-A 145,181,800.00 6.67732% 121.32902044 0.67512670 0.00000000 0.00000000 VI-A 87,535,000.00 6.55114% 130.42617364 0.71203302 0.00000000 0.00000000 B-1 10,419,600.00 6.48450% 599.12556144 3.23752351 0.00000000 0.00000000 B-2 5,860,900.00 6.48450% 599.12556092 3.23752325 0.00000000 0.00000000 B-3 3,907,300.00 6.48450% 599.12556241 3.23752207 0.00000000 0.00000000 B-4 2,604,900.00 6.48450% 599.12556336 3.23752159 0.00000000 0.00000000 B-5 1,302,500.00 6.48450% 599.12555854 3.23752015 0.00000000 0.00000000 B-6 1,953,851.00 6.48450% 599.12523012 3.23751914 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 0.00391554 0.00000000 0.37051932 0.00000000 61.62860694 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 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.03506557 0.00000000 3.31818344 0.00000000 592.79921953 II-A-4 0.06000000 0.00000000 5.21000000 0.00000000 1000.00000000 II-X 0.00047906 0.00000000 0.04533242 0.00000000 130.53730884 III-A 0.01365026 0.00000000 1.29169655 0.00000000 200.72110836 IV-A 0.01462445 0.00000000 1.38388071 0.00000000 200.69520507 V-A 0.00705991 0.00000000 0.66806680 0.00000000 95.74833526 VI-A 0.00744582 0.00000000 0.70458719 0.00000000 112.58796401 B-1 0.03385543 0.00000000 3.20366809 0.00000000 558.47469097 B-2 0.03385487 0.00000000 3.20366838 0.00000000 558.47469160 B-3 0.03385458 0.00000000 3.20366749 0.00000000 558.47469096 B-4 0.03385543 0.00000000 3.20366617 0.00000000 558.47469001 B-5 0.03385797 0.00000000 3.20366987 0.00000000 558.47469482 B-6 0.03385622 0.00000000 3.20366804 0.00000000 558.47438213 (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 31,231,698.65 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 31,603.86 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 31,263,302.51 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 102,816.71 Payment of Interest and Principal 31,160,485.80 Total Withdrawals (Pool Distribution Amount) 31,263,302.51 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 12,394.54 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 12,394.53
SERVICING FEES Gross Servicing Fee 79,264.94 Supplemental PMI Insurance Fee 23,551.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 102,816.71
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 6 0 0 0 6 2,178,083.71 0.00 0.00 0.00 2,178,083.71 60 Days 2 0 0 0 2 730,125.42 0.00 0.00 0.00 730,125.42 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 1 1 1 2 5 290,612.49 316,772.82 312,267.34 991,319.41 1,910,972.06 Totals 9 1 1 2 13 3,198,821.62 316,772.82 312,267.34 991,319.41 4,819,181.19 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 1.342282% 0.000000% 0.000000% 0.000000% 1.342282% 1.152743% 0.000000% 0.000000% 0.000000% 1.152743% 60 Days 0.447427% 0.000000% 0.000000% 0.000000% 0.447427% 0.386416% 0.000000% 0.000000% 0.000000% 0.386416% 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 0.223714% 0.223714% 0.223714% 0.447427% 1.118568% 0.153806% 0.167651% 0.165266% 0.524652% 1.011375% Totals 2.013423% 0.223714% 0.223714% 0.447427% 2.908277% 1.692965% 0.167651% 0.165266% 0.524652% 2.550535%
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 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 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 2 720,228.28 0.00 0.00 0.00 720,228.28 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 1 1 1 2 5 290,612.49 316,772.82 312,267.34 991,319.41 1,910,972.06 Totals 3 1 1 2 7 1,010,840.77 316,772.82 312,267.34 991,319.41 2,631,200.34 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.913242% 0.000000% 0.000000% 0.000000% 0.913242% 0.759989% 0.000000% 0.000000% 0.000000% 0.759989% 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 0.456621% 0.456621% 0.456621% 0.913242% 2.283105% 0.306656% 0.334260% 0.329506% 1.046045% 2.016467% Totals 1.369863% 0.456621% 0.456621% 0.913242% 3.196347% 1.066644% 0.334260% 0.329506% 1.046045% 2.776456% 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 1 0 0 0 1 283,142.22 0.00 0.00 0.00 283,142.22 60 Days 1 0 0 0 1 332,300.89 0.00 0.00 0.00 332,300.89 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 2 615,443.11 0.00 0.00 0.00 615,443.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.840336% 0.000000% 0.000000% 0.000000% 0.840336% 0.634020% 0.000000% 0.000000% 0.000000% 0.634020% 60 Days 0.840336% 0.000000% 0.000000% 0.000000% 0.840336% 0.744097% 0.000000% 0.000000% 0.000000% 0.744097% 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 1.680672% 0.000000% 0.000000% 0.000000% 1.680672% 1.378117% 0.000000% 0.000000% 0.000000% 1.378117% 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 1 257,148.49 0.00 0.00 0.00 257,148.49 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 1 257,148.49 0.00 0.00 0.00 257,148.49 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.777778% 0.000000% 0.000000% 0.000000% 2.777778% 1.511555% 0.000000% 0.000000% 0.000000% 1.511555% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.777778% 0.000000% 0.000000% 0.000000% 2.777778% 1.511555% 0.000000% 0.000000% 0.000000% 1.511555% 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 1 442,611.27 0.00 0.00 0.00 442,611.27 60 Days 1 0 0 0 1 397,824.53 0.00 0.00 0.00 397,824.53 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 2 840,435.80 0.00 0.00 0.00 840,435.80 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 2.872354% 0.000000% 0.000000% 0.000000% 2.872354% 60 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 2.581708% 0.000000% 0.000000% 0.000000% 2.581708% 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 5.714286% 0.000000% 0.000000% 0.000000% 5.714286% 5.454062% 0.000000% 0.000000% 0.000000% 5.454062% 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 1 0 0 0 1 474,953.45 0.00 0.00 0.00 474,953.45 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 1 474,953.45 0.00 0.00 0.00 474,953.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.000000% 0.000000% 0.000000% 0.000000% 5.000000% 4.421050% 0.000000% 0.000000% 0.000000% 4.421050% 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 5.000000% 0.000000% 0.000000% 0.000000% 5.000000% 4.421050% 0.000000% 0.000000% 0.000000% 4.421050%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 31,603.86
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.00 93.23633064% 183,349,344.08 97.12412800% 2.875872% 93.066436% Class R-I 1,214,345,351.00 93.23632680% 183,349,344.08 97.12412800% 0.000000% 0.000000% Class R-II 1,214,345,301.00 93.23632296% 183,349,344.08 97.12412800% 0.000000% 0.000000% Class R-III 1,214,345,251.00 93.23631912% 183,349,344.08 97.12412800% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% 183,349,344.08 97.12412800% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% 183,349,344.08 97.12412800% 0.000000% 0.000000% Class 2A3 548,117,651.00 42.08397256% 96,381,786.10 51.05552451% 46.068603% 41.449416% Class 2A4 548,116,651.00 42.08389578% 96,380,786.10 51.05499479% 0.000530% 0.000477% Class 3A 338,500,151.00 25.98973239% 54,306,329.89 28.76724191% 22.287753% 20.053014% Class B-1 15,629,451.00 1.20001497% 8,728,652.22 4.62375658% 3.082495% 2.773420% Class B-2 9,768,551.00 0.75002042% 5,455,487.90 2.88989038% 1.733866% 1.560016% Class B-3 5,861,251.00 0.45002150% 3,273,359.74 1.73396972% 1.155921% 1.040019% Class B-4 3,256,351.00 0.25001966% 1,818,589.02 0.96334608% 0.770624% 0.693355% Class B-5 1,953,851.00 0.15001490% 1,091,175.73 0.57801947% 0.385327% 0.346691% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.578019% 0.520063% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.065528% Weighted Average Net Coupon 6.630735% Weighted Average Pass-Through Rate 6.501546% Weighted Average Maturity(Stepdown Calculation ) 337 Beginning Scheduled Collateral Loan Count 519 Number Of Loans Paid In Full 72 Ending Scheduled Collateral Loan Count 447 Beginning Scheduled Collateral Balance 218,765,984.39 Ending Scheduled Collateral Balance 188,778,368.31 Ending Actual Collateral Balance at 31-Dec-2002 188,947,850.10 Monthly P &I Constant 1,493,133.22 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 30,029,629.35 Ending Scheduled Balance for Premium Loans 188,778,368.31 Scheduled Principal 205,052.31 Unscheduled Principal 29,782,563.77
Miscellaneous Reporting Senior Percentage Group I 86.132873% Senior Percentage Group II 92.377109% Senior Percentage Group III 94.725912% Senior Percentage Group IV 94.676775% Senior Percentage Group V 91.372123% Senior Percentage Group VI 92.366932% Senior Prepayment Percentage Group I 93.066436% Senior Prepayment Percentage Group II 96.188554% Senior Prepayment Percentage Group III 97.362956% Senior Prepayment Percentage Group IV 97.338387% Senior Prepayment Percentage Group V 95.686062% Senior Prepayment Percentage Group VI 96.183466% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 13.867127% Subordinate Percentage Group II 7.622891% Subordinate Percentage Group III 5.274088% Subordinate Percentage Group IV 5.323225% Subordinate Percentage Group V 8.627877% Subordinate Percentage Group VI 7.633068% Subordinate Prep. Percentage Group I 6.933564% Subordinate Prep. Percentage Group II 3.811446% Subordinate Prep. Percentage Group III 2.637044% Subordinate Prep. Percentage Group IV 2.661613% Subordinate Prep. Percentage Group V 4.313938% Subordinate Prep. Percentage Group VI 3.816534%
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.113662 6.982599 7.059545 Weighted Average Net Rate 6.748030 6.442156 6.759547 Weighted Average Maturity 337 137 337 Beginning Loan Count 19 251 138 Loans Paid In Full 1 32 19 Ending Loan Count 18 219 119 Beginning Scheduled Balance 6,957,282.07 107,403,825.06 52,269,634.11 Ending scheduled Balance 6,351,315.37 94,666,162.68 44,628,513.31 Record Date 12/31/2002 12/31/2002 12/31/2002 Principal And Interest Constant 48,006.28 734,715.29 352,622.98 Scheduled Principal 6,763.15 109,750.42 45,123.13 Unscheduled Principal 599,203.55 12,627,911.96 7,595,997.67 Scheduled Interest 41,243.13 624,964.87 307,499.85 Servicing Fees 2,119.84 48,371.41 13,067.32 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 827.88 11,009.74 5,575.73 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 38,295.41 565,583.72 288,856.80 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 6.605237 6.319146 6.631540
Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.378163 7.187598 7.075507 Weighted Average Net Rate 7.037464 6.812598 6.700507 Weighted Average Maturity 327 338 338 Beginning Loan Count 45 41 25 Loans Paid In Full 9 6 5 Ending Loan Count 36 35 20 Beginning Scheduled Balance 20,496,863.78 19,278,052.14 12,360,327.23 Ending scheduled Balance 16,999,862.75 15,395,968.10 10,736,546.10 Record Date 12/31/2002 12/31/2002 12/31/2002 Principal And Interest Constant 142,800.80 133,165.50 81,822.37 Scheduled Principal 16,776.47 17,696.42 8,942.72 Unscheduled Principal 3,480,224.56 3,864,387.62 1,614,838.41 Scheduled Interest 126,024.33 115,469.08 72,879.65 Servicing Fees 5,819.38 6,024.39 3,862.60 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 2,426.52 2,173.34 1,538.56 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 117,778.43 107,271.35 67,478.49 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 6.895402 6.677315 6.551137
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.065528 Weighted Average Net Rate 6.630735 Weighted Average Maturity 337.00 Record Date 12/31/2002 Principal And Interest Constant 1,493,133.22 Beginning Loan Count 519 Loans Paid In Full 72 Ending Loan Count 447 Beginning Scheduled Balance 218,765,984.39 Ending Scheduled Balance 188,778,368.31 Scheduled Principal 205,052.31 Unscheduled Principal 29,782,563.77 Scheduled Interest 1,288,080.91 Servicing Fee 79,264.94 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 23,551.77 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,185,264.20 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 6.501546
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