-----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, TmxWnEusMpbC0Kljxl4YREKC7AN+Zou9jZm84hBY7cafCm7gwwu/oDqvZ0Y2Xg9c fJcGAAZ6q79O9bpyJ7Wd0A== 0001056404-03-000632.txt : 20030408 0001056404-03-000632.hdr.sgml : 20030408 20030408142540 ACCESSION NUMBER: 0001056404-03-000632 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030408 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: 03642530 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 MARCH 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): March 25, 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 March 25, 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 March 25, 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: 4/1/03 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 March 25, 2003 distribution.
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 2/28/03 Distribution Date: 3/25/03 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 7.70350% 4,770,889.68 30,218.23 857,796.77 R-I 07384MDE9 RES 6.43897% 0.00 0.00 0.00 R-II 07384MDF6 RES 6.52065% 0.00 0.00 0.00 R-III 07384MDG4 RES 6.52065% 0.00 0.00 0.00 II-A-1 07384MDH2 SEN 5.41397% 0.00 0.00 0.00 II-A-2 07384MDJ8 SEN 5.91397% 0.00 0.00 0.00 II-A-3 07384MDK5 SEN 5.95000% 73,491,268.59 359,529.33 10,788,404.46 II-A-4 07384MEH1 SEN 6.34576% 1,000.00 5.22 0.00 II-X 07384MDL3 SEN 0.39576% 0.00 23,914.00 0.00 III-A 07384MDM1 SEN 6.61334% 35,970,320.27 195,590.13 5,403,655.92 IV-A 07384MDN9 SEN 6.88673% 13,222,901.14 74,872.36 12,558.14 V-A 07384MDP4 SEN 6.61823% 12,197,509.98 66,373.44 2,016,607.28 VI-A 07384MDQ2 SEN 6.58924% 8,438,273.39 45,716.21 696,427.53 B-1 07384MDR0 SUB 6.56001% 5,402,610.13 29,140.02 356,922.24 B-2 07384MDS8 SUB 6.56001% 3,038,903.39 16,390.91 200,764.48 B-3 07384MDT6 SUB 6.56001% 2,025,952.88 10,927.37 133,844.13 B-4 07384MDV1 SUB 6.56001% 1,350,652.53 7,285.00 89,230.56 B-5 07384MDW9 SUB 6.56001% 675,352.19 3,642.64 44,616.99 B-6 07384MDX7 SUB 6.56001% 1,013,080.10 5,464.24 66,928.91 Totals 161,598,714.27 869,069.10 20,667,757.41
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 3,913,092.92 888,015.00 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 62,702,864.13 11,147,933.79 0.00 II-A-4 0.00 1,000.00 5.22 0.00 II-X 0.00 0.00 23,914.00 0.00 III-A 0.00 30,566,664.35 5,599,246.05 0.00 IV-A 0.00 13,210,343.00 87,430.50 0.00 V-A 0.00 10,180,902.70 2,082,980.72 0.00 VI-A 0.00 7,741,845.85 742,143.74 0.00 B-1 0.00 5,045,687.89 386,062.26 0.00 B-2 0.00 2,838,138.91 217,155.39 0.00 B-3 0.00 1,892,108.75 144,771.50 0.00 B-4 0.00 1,261,421.97 96,515.56 0.00 B-5 0.00 630,735.20 48,259.63 0.00 B-6 8,358.01 937,793.17 72,393.15 8,358.01 Totals 8,358.01 140,922,598.84 21,536,826.51 8,358.01 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 4,770,889.68 4,712.27 853,084.50 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 73,491,268.59 74,390.93 10,714,013.53 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 35,970,320.27 32,516.61 5,371,139.31 0.00 0.00 IV-A 79,734,300.00 13,222,901.14 10,508.32 2,049.82 0.00 0.00 V-A 145,181,800.00 12,197,509.98 11,410.97 2,005,196.31 0.00 0.00 VI-A 87,535,000.00 8,438,273.39 6,579.19 689,848.35 0.00 0.00 B-1 10,419,600.00 5,402,610.13 5,158.46 351,763.78 0.00 0.00 B-2 5,860,900.00 3,038,903.39 2,901.57 197,862.91 0.00 0.00 B-3 3,907,300.00 2,025,952.88 1,934.40 131,909.73 0.00 0.00 B-4 2,604,900.00 1,350,652.53 1,289.61 87,940.95 0.00 0.00 B-5 1,302,500.00 675,352.19 644.83 43,972.16 0.00 0.00 B-6 1,953,851.00 1,013,080.10 967.30 65,961.61 0.00 8,358.01 Totals 1,302,438,001.0 161,598,714.27 153,014.46 20,514,742.96 0.00 8,358.01 (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 857,796.77 3,913,092.92 0.04442022 857,796.77 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 10,788,404.46 62,702,864.13 0.42740316 10,788,404.46 II-A-4 0.00 1,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 III-A 5,403,655.92 30,566,664.35 0.14582184 5,403,655.92 IV-A 12,558.14 13,210,343.00 0.16567955 12,558.14 V-A 2,016,607.28 10,180,902.70 0.07012520 2,016,607.28 VI-A 696,427.53 7,741,845.85 0.08844286 696,427.53 B-1 356,922.24 5,045,687.89 0.48424967 356,922.24 B-2 200,764.48 2,838,138.91 0.48424967 200,764.48 B-3 133,844.13 1,892,108.75 0.48424967 133,844.13 B-4 89,230.56 1,261,421.97 0.48424967 89,230.56 B-5 44,616.99 630,735.20 0.48424967 44,616.99 B-6 75,286.92 937,793.17 0.47997169 66,928.91 Totals 20,676,115.42 140,922,598.84 0.10819908 20,667,757.41
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 54.15766682 0.05349223 9.68395189 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-3 146,706,600.00 500.94043888 0.50707282 73.03020812 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 209,616,500.00 171.60061479 0.15512429 25.62364752 0.00000000 IV-A 79,734,300.00 165.83705055 0.13179171 0.02570813 0.00000000 V-A 145,181,800.00 84.01542053 0.07859780 13.81162315 0.00000000 VI-A 87,535,000.00 96.39885063 0.07516068 7.88082881 0.00000000 B-1 10,419,600.00 518.50456160 0.49507275 33.75981612 0.00000000 B-2 5,860,900.00 518.50456244 0.49507243 33.75981675 0.00000000 B-3 3,907,300.00 518.50456325 0.49507332 33.75981624 0.00000000 B-4 2,604,900.00 518.50456064 0.49507083 33.75981804 0.00000000 B-5 1,302,500.00 518.50456046 0.49507102 33.75981574 0.00000000 B-6 1,953,851.00 518.50427694 0.49507358 33.75979540 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination
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 9.73744412 44.42022281 0.04442022 9.73744412 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 73.53728094 427.40315794 0.42740316 73.53728094 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 25.77877180 145.82184298 0.14582184 25.77877180 IV-A 0.00000000 0.15749985 165.67955071 0.16567955 0.15749985 V-A 0.00000000 13.89022095 70.12519958 0.07012520 13.89022095 VI-A 0.00000000 7.95598938 88.44286114 0.08844286 7.95598938 B-1 0.00000000 34.25488886 484.24967273 0.48424967 34.25488886 B-2 0.00000000 34.25488918 484.24967326 0.48424967 34.25488918 B-3 0.00000000 34.25488957 484.24967369 0.48424967 34.25488957 B-4 0.00000000 34.25488886 484.24967177 0.48424967 34.25488886 B-5 0.00000000 34.25488676 484.24967370 0.48424967 34.25488676 B-6 4.27771104 38.53258002 479.97169180 0.47997169 34.25486897 (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 7.70350% 4,770,889.68 30,627.12 0.00 0.00 R-I 50.00 6.43897% 0.00 0.00 0.00 0.00 R-II 50.00 6.52065% 0.00 0.00 0.00 0.00 R-III 50.00 6.52065% 0.00 0.00 0.00 0.00 II-A-1 324,215,300.00 5.41397% 0.00 0.00 0.00 0.00 II-A-2 195,305,700.00 5.91397% 0.00 0.00 0.00 0.00 II-A-3 146,706,600.00 5.95000% 73,491,268.59 364,394.21 0.00 0.00 II-A-4 1,000.00 6.34576% 1,000.00 5.29 0.00 0.00 II-X 0.00 0.39576% 73,491,268.59 24,237.59 0.00 0.00 III-A 209,616,500.00 6.61334% 35,970,320.27 198,236.71 0.00 0.00 IV-A 79,734,300.00 6.88673% 13,222,901.14 75,885.47 0.00 0.00 V-A 145,181,800.00 6.61823% 12,197,509.98 67,271.56 0.00 0.00 VI-A 87,535,000.00 6.58924% 8,438,273.39 46,334.81 0.00 0.00 B-1 10,419,600.00 6.56001% 5,402,610.13 29,534.32 0.00 0.00 B-2 5,860,900.00 6.56001% 3,038,903.39 16,612.70 0.00 0.00 B-3 3,907,300.00 6.56001% 2,025,952.88 11,075.23 0.00 0.00 B-4 2,604,900.00 6.56001% 1,350,652.53 7,383.58 0.00 0.00 B-5 1,302,500.00 6.56001% 675,352.19 3,691.93 0.00 0.00 B-6 1,953,851.00 6.56001% 1,013,080.10 5,538.18 0.00 0.00 Totals 1,302,438,001.0 880,828.70 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 408.89 0.00 30,218.23 0.00 3,913,092.92 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 4,864.87 0.00 359,529.33 0.00 62,702,864.13 II-A-4 0.07 0.00 5.22 0.00 1,000.00 II-X 323.59 0.00 23,914.00 0.00 62,702,864.13 III-A 2,646.57 0.00 195,590.13 0.00 30,566,664.35 IV-A 1,013.11 0.00 74,872.36 0.00 13,210,343.00 V-A 898.11 0.00 66,373.44 0.00 10,180,902.70 VI-A 618.60 0.00 45,716.21 0.00 7,741,845.85 B-1 394.30 0.00 29,140.02 0.00 5,045,687.89 B-2 221.79 0.00 16,390.91 0.00 2,838,138.91 B-3 147.86 0.00 10,927.37 0.00 1,892,108.75 B-4 98.58 0.00 7,285.00 0.00 1,261,421.97 B-5 49.29 0.00 3,642.64 0.00 630,735.20 B-6 73.94 0.00 5,464.24 0.00 937,793.17 Totals 11,759.57 0.00 869,069.10 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 7.70350% 54.15766682 0.34766961 0.00000000 0.00000000 R-I 50.00 6.43897% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.52065% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 6.52065% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 324,215,300.00 5.41397% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 195,305,700.00 5.91397% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 146,706,600.00 5.95000% 500.94043888 2.48382970 0.00000000 0.00000000 II-A-4 1,000.00 6.34576% 1000.00000000 5.29000000 0.00000000 0.00000000 II-X 0.00 0.39576% 110.30955276 0.03638035 0.00000000 0.00000000 III-A 209,616,500.00 6.61334% 171.60061479 0.94571138 0.00000000 0.00000000 IV-A 79,734,300.00 6.88673% 165.83705055 0.95172931 0.00000000 0.00000000 V-A 145,181,800.00 6.61823% 84.01542053 0.46336083 0.00000000 0.00000000 VI-A 87,535,000.00 6.58924% 96.39885063 0.52932895 0.00000000 0.00000000 B-1 10,419,600.00 6.56001% 518.50456160 2.83449653 0.00000000 0.00000000 B-2 5,860,900.00 6.56001% 518.50456244 2.83449641 0.00000000 0.00000000 B-3 3,907,300.00 6.56001% 518.50456325 2.83449697 0.00000000 0.00000000 B-4 2,604,900.00 6.56001% 518.50456064 2.83449653 0.00000000 0.00000000 B-5 1,302,500.00 6.56001% 518.50456046 2.83449520 0.00000000 0.00000000 B-6 1,953,851.00 6.56001% 518.50427694 2.83449454 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 0.00464159 0.00000000 0.34302802 0.00000000 44.42022281 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 0.03316054 0.00000000 2.45066909 0.00000000 427.40315794 II-A-4 0.07000000 0.00000000 5.22000000 0.00000000 1000.00000000 II-X 0.00048570 0.00000000 0.03589464 0.00000000 94.11628118 III-A 0.01262577 0.00000000 0.93308556 0.00000000 145.82184298 IV-A 0.01270608 0.00000000 0.93902323 0.00000000 165.67955071 V-A 0.00618611 0.00000000 0.45717466 0.00000000 70.12519958 VI-A 0.00706689 0.00000000 0.52226207 0.00000000 88.44286114 B-1 0.03784214 0.00000000 2.79665438 0.00000000 484.24967273 B-2 0.03784231 0.00000000 2.79665410 0.00000000 484.24967326 B-3 0.03784199 0.00000000 2.79665498 0.00000000 484.24967369 B-4 0.03784406 0.00000000 2.79665246 0.00000000 484.24967177 B-5 0.03784261 0.00000000 2.79665259 0.00000000 484.24967370 B-6 0.03784321 0.00000000 2.79665133 0.00000000 479.97169180 (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 21,598,575.64 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,060.01 Realized Losses (8,358.01) Prepayment Penalties 0.00 Total Deposits 21,612,277.64 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 75,451.13 Payment of Interest and Principal 21,536,826.51 Total Withdrawals (Pool Distribution Amount) 21,612,277.64 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 11,759.57 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 11,759.57
SERVICING FEES Gross Servicing Fee 58,246.76 Supplemental PMI Insurance Fee 17,204.37 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 75,451.13
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 5 0 0 0 5 1,541,196.86 0.00 0.00 0.00 1,541,196.86 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 1 0 0 0 1 397,824.53 0.00 0.00 0.00 397,824.53 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 3 3 0.00 0.00 0.00 1,308,092.23 1,308,092.23 Totals 6 0 0 3 9 1,939,021.39 0.00 0.00 1,308,092.23 3,247,113.62 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 1.492537% 0.000000% 0.000000% 0.000000% 1.492537% 1.092608% 0.000000% 0.000000% 0.000000% 1.092608% 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 0.298507% 0.000000% 0.000000% 0.000000% 0.298507% 0.282032% 0.000000% 0.000000% 0.000000% 0.282032% 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% 0.895522% 0.895522% 0.000000% 0.000000% 0.000000% 0.927352% 0.927352% Totals 1.791045% 0.000000% 0.000000% 0.895522% 2.686567% 1.374640% 0.000000% 0.000000% 0.927352% 2.301993%
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 1 0 0 0 1 324,345.12 0.00 0.00 0.00 324,345.12 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 3 3 0.00 0.00 0.00 1,308,092.23 1,308,092.23 Totals 1 0 0 3 4 324,345.12 0.00 0.00 1,308,092.23 1,632,437.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.621118% 0.000000% 0.000000% 0.000000% 0.621118% 0.467407% 0.000000% 0.000000% 0.000000% 0.467407% 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% 1.863354% 1.863354% 0.000000% 0.000000% 0.000000% 1.885066% 1.885066% Totals 0.621118% 0.000000% 0.000000% 1.863354% 2.484472% 0.467407% 0.000000% 0.000000% 1.885066% 2.352474% 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 3 0 0 0 3 960,272.93 0.00 0.00 0.00 960,272.93 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 3 0 0 0 3 960,272.93 0.00 0.00 0.00 960,272.93 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% 2.928425% 0.000000% 0.000000% 0.000000% 2.928425% 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% 2.928425% 0.000000% 0.000000% 0.000000% 2.928425% 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 1 256,578.81 0.00 0.00 0.00 256,578.81 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 1 256,578.81 0.00 0.00 0.00 256,578.81 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 1.815411% 0.000000% 0.000000% 0.000000% 1.815411% 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 3.125000% 0.000000% 0.000000% 0.000000% 3.125000% 1.815411% 0.000000% 0.000000% 0.000000% 1.815411% 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 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 1 0 0 0 1 397,824.53 0.00 0.00 0.00 397,824.53 150 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 1 397,824.53 0.00 0.00 0.00 397,824.53 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 4.000000% 0.000000% 0.000000% 0.000000% 4.000000% 3.462544% 0.000000% 0.000000% 0.000000% 3.462544% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 4.000000% 0.000000% 0.000000% 0.000000% 4.000000% 3.462544% 0.000000% 0.000000% 0.000000% 3.462544% 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 22,060.01
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,214,345,401.0 93.23633064% 137,009,505.92 97.22323250% 2.776767% 92.286359% Class R-I 1,214,345,351.0 93.23632680% 137,009,505.92 97.22323250% 0.000000% 0.000000% Class R-II 1,214,345,301.0 93.23632296% 137,009,505.92 97.22323250% 0.000000% 0.000000% Class R-III 1,214,345,251.0 93.23631912% 137,009,505.92 97.22323250% 0.000000% 0.000000% Class 2A1 890,129,951.00 68.34336455% 137,009,505.92 97.22323250% 0.000000% 0.000000% Class 2A2 694,824,251.00 53.34797130% 137,009,505.92 97.22323250% 0.000000% 0.000000% Class 2A3 548,117,651.00 42.08397256% 74,306,641.79 52.72869107% 44.494541% 38.368377% Class 2A4 548,116,651.00 42.08389578% 74,305,641.79 52.72798146% 0.000710% 0.000612% Class 3A 338,500,151.00 25.98973239% 43,738,977.44 31.03758928% 21.690392% 18.703983% Class B-1 15,629,451.00 1.20001497% 7,560,198.00 5.36478752% 3.580468% 3.087496% Class B-2 9,768,551.00 0.75002042% 4,722,059.09 3.35081749% 2.013970% 1.736680% Class B-3 5,861,251.00 0.45002150% 2,829,950.34 2.00815935% 1.342658% 1.157796% Class B-4 3,256,351.00 0.25001966% 1,568,528.37 1.11304247% 0.895117% 0.771874% Class B-5 1,953,851.00 0.15001490% 937,793.17 0.66546684% 0.447576% 0.385952% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.665467% 0.573843% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.066048% Weighted Average Net Coupon 6.633519% Weighted Average Pass-Through Rate 6.505763% Weighted Average Maturity(Stepdown Calculation ) 335 Beginning Scheduled Collateral Loan Count 386 Number Of Loans Paid In Full 51 Ending Scheduled Collateral Loan Count 335 Beginning Scheduled Collateral Balance 161,598,714.28 Ending Scheduled Collateral Balance 140,922,598.85 Ending Actual Collateral Balance at 28-Feb-2003 141,056,650.45 Monthly P &I Constant 1,104,568.01 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 8,358.01 Cumulative Realized Loss 8,358.01 Class A Optimal Amount 20,582,442.85 Ending Scheduled Balance for Premium Loans 140,922,598.85 Scheduled Principal 153,014.45 Unscheduled Principal 20,523,100.98
Miscellaneous Reporting Average Loss Severity Group I 0.00 Average Loss Severity Group II 8.358.01 Average Loss Severity Group III 0.00 Average Loss Severity Group IV 0.00 Average Loss Severity Group V 0.00 Average Loss Severity Group VI 0.00 Senior Percentage Group I 84.572719% Senior Percentage Group II 91.164853% Senior Percentage Group III 93.811009% Senior Percentage Group IV 93.540228% Senior Percentage Group V 89.655222% Senior Percentage Group VI 91.140877% Senior Prepayment Percentage Group I 92.286359% Senior Prepayment Percentage Group II 95.582426% Senior Prepayment Percentage Group III 96.905504% Senior Prepayment Percentage Group IV 96.770114% Senior Prepayment Percentage Group V 94.827611% Senior Prepayment Percentage Group VI 95.570439% Stop-Loss Amount 19,536,570.00 Subordinate Percentage Group I 15.427281% Subordinate Percentage Group II 8.835147% Subordinate Percentage Group III 6.188991% Subordinate Percentage Group IV 6.459772% Subordinate Percentage Group V 10.344778% Subordinate Percentage Group VI 8.859123% Subordinate Prep. Percentage Group I 7.713641% Subordinate Prep. Percentage Group II 4.417574% Subordinate Prep. Percentage Group III 3.094496% Subordinate Prep. Percentage Group IV 3.229886% Subordinate Prep. Percentage Group V 5.172389% Subordinate Prep. Percentage Group VI 4.429561%
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.202716 6.998827 7.041135 Weighted Average Net Rate 6.839251 6.466879 6.741276 Weighted Average Maturity 335 135 335 Beginning Loan Count 16 189 101 Loans Paid In Full 2 28 14 Ending Loan Count 14 161 87 Beginning Scheduled Balance 5,641,168.63 80,614,695.84 38,343,389.26 Ending scheduled Balance 4,711,208.27 69,315,549.72 32,766,070.86 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal And Interest Constant 39,431.63 551,774.06 259,645.99 Scheduled Principal 5,571.85 81,600.45 34,661.83 Unscheduled Principal 924,388.51 11,217,545.67 5,542,656.57 Scheduled Interest 33,859.78 470,173.61 224,984.16 Servicing Fees 1,708.64 35,735.69 9,581.35 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 663.44 8,136.47 4,087.84 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 31,487.70 426,301.45 211,314.97 Realized Loss Amount 0.00 8,358.01 0.00 Cumulative Realized Loss 0.00 8,358.01 0.00 Percentage of Cumulative Losses 0.00 8,358.01 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.698123 6.345763 6.613342
Group Level Collateral Statement Group 4 5 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.374356 7.133284 7.101718 Weighted Average Net Rate 7.028325 6.758284 6.726718 Weighted Average Maturity 325 336 336 Beginning Loan Count 32 30 18 Loans Paid In Full 0 5 2 Ending Loan Count 32 25 16 Beginning Scheduled Balance 14,136,058.34 13,604,907.39 9,258,494.82 Ending scheduled Balance 14,122,706.09 11,477,609.68 8,529,454.23 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal And Interest Constant 98,104.28 93,600.67 62,011.38 Scheduled Principal 11,234.01 12,727.61 7,218.70 Unscheduled Principal 2,118.24 2,114,570.10 721,821.89 Scheduled Interest 86,870.27 80,873.06 54,792.68 Servicing Fees 4,076.26 4,251.54 2,893.28 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 1,667.98 1,587.91 1,060.73 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 81,126.03 75,033.61 50,838.67 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 6.886731 6.618225 6.589236
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.066048 Weighted Average Net Rate 6.633519 Weighted Average Maturity 335.00 Record Date 02/28/2003 Principal And Interest Constant 1,104,568.01 Beginning Loan Count 386 Loans Paid In Full 51 Ending Loan Count 335 Beginning Scheduled Balance 161,598,714.28 Ending Scheduled Balance 140,922,598.85 Scheduled Principal 153,014.45 Unscheduled Principal 20,523,100.98 Scheduled Interest 951,553.56 Servicing Fee 58,246.76 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 17,204.37 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 876,102.43 Realized Loss Amount 8,358.01 Cumulative Realized Loss 8,358.01 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.505763
-----END PRIVACY-ENHANCED MESSAGE-----