-----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, EGVK+WwuXmE9s/3pfenUzAaXyi62yBMK3mJm2N8Yq7cQszBawd7inYgNDjc2Xr0x aUPCtfrQKr1zDvvv4uK0aw== 0001056404-03-001496.txt : 20030905 0001056404-03-001496.hdr.sgml : 20030905 20030905081127 ACCESSION NUMBER: 0001056404-03-001496 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THR CERTS SERIES 2002-2 CENTRAL INDEX KEY: 0001168181 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-51279-21 FILM NUMBER: 03882572 BUSINESS ADDRESS: STREET 1: C/O WELLS FARGO BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044-3562 BUSINESS PHONE: 4108842084 MAIL ADDRESS: STREET 1: C/O WELLS FARGO BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044-3562 8-K 1 bst02002.txt AUGUST 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-21 45-0470721 Pooling and Servicing Agreement) (Commission 45-0470722 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the August 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 2002-2 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: 9/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the August 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 BST Series: 2002-2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MJB9 SEN 2.92923% 90,175,586.70 217,327.95 2,628,109.75 II-A 07384MJE3 SEN 6.24125% 13,862,145.22 71,182.85 1,091,592.94 III-A 07384MJF0 SEN 6.75713% 19,133,723.10 106,373.89 3,796,219.97 R-1 07384MJC7 RES 3.62317% 0.00 0.00 0.00 R-2 07384MJD5 RES 3.62317% 0.00 0.00 0.00 B-1 07384MJG8 SUB 4.82443% 4,671,846.42 18,544.17 3,214.25 B-2 07384MJH6 SUB 4.82443% 2,102,548.44 8,345.74 1,446.56 B-3 07384MJJ2 SUB 4.82443% 1,401,534.15 5,563.17 964.26 B-4 07384MJT0 SUB 4.82443% 934,389.06 3,708.91 642.86 B-5 07384MJU7 SUB 4.82443% 700,717.63 2,781.39 482.10 B-6 07384MJV5 SUB 4.82443% 700,980.80 2,782.43 482.28 Totals 133,683,471.52 436,610.50 7,523,154.97
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 87,547,476.95 2,845,437.70 0.00 II-A 0.00 12,770,552.28 1,162,775.79 0.00 III-A 0.00 15,337,503.13 3,902,593.86 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 B-1 0.00 4,668,632.16 21,758.42 0.00 B-2 0.00 2,101,101.88 9,792.30 0.00 B-3 0.00 1,400,569.89 6,527.43 0.00 B-4 0.00 933,746.20 4,351.77 0.00 B-5 0.00 700,235.53 3,263.49 0.00 B-6 0.00 700,498.52 3,264.71 0.00 Totals 0.00 126,160,316.54 7,959,765.47 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 106,205,800.00 90,175,586.70 0.00 2,628,109.75 0.00 0.00 II-A 48,612,400.00 13,862,145.22 16,836.59 1,074,756.35 0.00 0.00 III-A 70,774,500.00 19,133,723.10 26,427.35 3,769,792.62 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 B-1 4,724,400.00 4,671,846.42 3,214.25 0.00 0.00 0.00 B-2 2,126,200.00 2,102,548.44 1,446.56 0.00 0.00 0.00 B-3 1,417,300.00 1,401,534.15 964.26 0.00 0.00 0.00 B-4 944,900.00 934,389.06 642.86 0.00 0.00 0.00 B-5 708,600.00 700,717.63 482.10 0.00 0.00 0.00 B-6 708,866.18 700,980.80 482.28 0.00 0.00 0.00 Totals 236,223,066.18 133,683,471.52 50,496.25 7,472,658.72 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 2,628,109.75 87,547,476.95 0.82431917 2,628,109.75 II-A 1,091,592.94 12,770,552.28 0.26270154 1,091,592.94 III-A 3,796,219.97 15,337,503.13 0.21670945 3,796,219.97 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 B-1 3,214.25 4,668,632.16 0.98819578 3,214.25 B-2 1,446.56 2,101,101.88 0.98819579 1,446.56 B-3 964.26 1,400,569.89 0.98819579 964.26 B-4 642.86 933,746.20 0.98819579 642.86 B-5 482.10 700,235.53 0.98819578 482.10 B-6 482.28 700,498.52 0.98819571 482.28 Totals 7,523,154.97 126,160,316.54 0.53407281 7,523,154.97
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 106,205,800.00 849.06461512 0.00000000 24.74544469 0.00000000 II-A 48,612,400.00 285.15656952 0.34634353 22.10868729 0.00000000 III-A 70,774,500.00 270.34769726 0.37340214 53.26484285 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,724,400.00 988.87613665 0.68035094 0.00000000 0.00000000 B-2 2,126,200.00 988.87613583 0.68034992 0.00000000 0.00000000 B-3 1,417,300.00 988.87613773 0.68034996 0.00000000 0.00000000 B-4 944,900.00 988.87613504 0.68034713 0.00000000 0.00000000 B-5 708,600.00 988.87613604 0.68035563 0.00000000 0.00000000 B-6 708,866.18 988.87606685 0.68035408 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 24.74544469 824.31917042 0.82431917 24.74544469 II-A 0.00000000 22.45503082 262.70153870 0.26270154 22.45503082 III-A 0.00000000 53.63824499 216.70945227 0.21670945 53.63824499 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.68035094 988.19578359 0.98819578 0.68035094 B-2 0.00000000 0.68034992 988.19578591 0.98819579 0.68034992 B-3 0.00000000 0.68034996 988.19578777 0.98819579 0.68034996 B-4 0.00000000 0.68034713 988.19578791 0.98819579 0.68034713 B-5 0.00000000 0.68035563 988.19578041 0.98819578 0.68035563 B-6 0.00000000 0.68035408 988.19571276 0.98819571 0.68035408 (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 106,205,800.00 2.92923% 90,175,586.70 220,120.76 0.00 0.00 II-A 48,612,400.00 6.24125% 13,862,145.22 72,097.59 0.00 0.00 III-A 70,774,500.00 6.75713% 19,133,723.10 107,740.87 0.00 0.00 R-1 50.00 3.62317% 0.00 0.00 0.00 0.00 R-2 50.00 3.62317% 0.00 0.00 0.00 0.00 B-1 4,724,400.00 4.82443% 4,671,846.42 18,782.48 0.00 0.00 B-2 2,126,200.00 4.82443% 2,102,548.44 8,452.99 0.00 0.00 B-3 1,417,300.00 4.82443% 1,401,534.15 5,634.66 0.00 0.00 B-4 944,900.00 4.82443% 934,389.06 3,756.57 0.00 0.00 B-5 708,600.00 4.82443% 700,717.63 2,817.13 0.00 0.00 B-6 708,866.18 4.82443% 700,980.80 2,818.19 0.00 0.00 Totals 236,223,066.18 442,221.24 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 2,792.81 0.00 217,327.95 0.00 87,547,476.95 II-A 914.75 0.00 71,182.85 0.00 12,770,552.28 III-A 1,366.97 0.00 106,373.89 0.00 15,337,503.13 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 B-1 238.30 0.00 18,544.17 0.00 4,668,632.16 B-2 107.25 0.00 8,345.74 0.00 2,101,101.88 B-3 71.49 0.00 5,563.17 0.00 1,400,569.89 B-4 47.66 0.00 3,708.91 0.00 933,746.20 B-5 35.74 0.00 2,781.39 0.00 700,235.53 B-6 35.76 0.00 2,782.43 0.00 700,498.52 Totals 5,610.73 0.00 436,610.50 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 106,205,800.00 2.92923% 849.06461512 2.07258700 0.00000000 0.00000000 II-A 48,612,400.00 6.24125% 285.15656952 1.48311110 0.00000000 0.00000000 III-A 70,774,500.00 6.75713% 270.34769726 1.52231199 0.00000000 0.00000000 R-1 50.00 3.62317% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 3.62317% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,724,400.00 4.82443% 988.87613665 3.97563288 0.00000000 0.00000000 B-2 2,126,200.00 4.82443% 988.87613583 3.97563258 0.00000000 0.00000000 B-3 1,417,300.00 4.82443% 988.87613773 3.97562972 0.00000000 0.00000000 B-4 944,900.00 4.82443% 988.87613504 3.97562705 0.00000000 0.00000000 B-5 708,600.00 4.82443% 988.87613604 3.97562800 0.00000000 0.00000000 B-6 708,866.18 4.82443% 988.87606685 3.97563049 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.02629621 0.00000000 2.04629079 0.00000000 824.31917042 II-A 0.01881722 0.00000000 1.46429409 0.00000000 262.70153870 III-A 0.01931444 0.00000000 1.50299741 0.00000000 216.70945227 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.05044027 0.00000000 3.92519050 0.00000000 988.19578359 B-2 0.05044210 0.00000000 3.92519048 0.00000000 988.19578591 B-3 0.05044098 0.00000000 3.92518874 0.00000000 988.19578777 B-4 0.05043920 0.00000000 3.92518785 0.00000000 988.19578791 B-5 0.05043748 0.00000000 3.92519052 0.00000000 988.19578041 B-6 0.05044676 0.00000000 3.92518373 0.00000000 988.19571276 (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 7,976,759.83 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,515.48 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,992,275.31 Withdrawals Reimbursement for Servicer Advances 5,050.06 Payment of Service Fee 27,459.78 Payment of Interest and Principal 7,959,765.47 Total Withdrawals (Pool Distribution Amount) 7,992,275.31 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 21,041.08 Servicing Fee Support 15,430.35 Non-Supported Prepayment/Curtailment Interest Shortfall 5,610.73
SERVICING FEES Gross Servicing Fee 41,776.10 Master Servicing Fee 1,114.03 Supported Prepayment/Curtailment Interest Shortfall 15,430.35 Net Servicing Fee 27,459.78
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 1 0 0 1 167,600.00 0.00 0.00 167,600.00 30 Days 4 0 0 0 4 2,891,161.97 0.00 0.00 0.00 2,891,161.97 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 1 2 0 3 0.00 139,522.63 287,050.00 0.00 426,572.63 Totals 4 2 2 0 8 2,891,161.97 307,122.63 287,050.00 0.00 3,485,334.60 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 0.289017% 0.000000% 0.000000% 0.289017% 0.132807% 0.000000% 0.000000% 0.132807% 30 Days 1.156069% 0.000000% 0.000000% 0.000000% 1.156069% 2.290970% 0.000000% 0.000000% 0.000000% 2.290970% 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% 0.289017% 0.578035% 0.000000% 0.867052% 0.000000% 0.110558% 0.227460% 0.000000% 0.338018% Totals 1.156069% 0.578035% 0.578035% 0.000000% 2.312139% 2.290970% 0.243365% 0.227460% 0.000000% 2.761795%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 167,600.00 0.00 0.00 167,600.00 30 Days 2 0 0 0 2 1,006,542.21 0.00 0.00 0.00 1,006,542.21 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 1 2 0 3 0.00 139,522.63 287,050.00 0.00 426,572.63 Totals 2 2 2 0 6 1,006,542.21 307,122.63 287,050.00 0.00 1,600,714.84 0-29 Days 0.352113% 0.000000% 0.000000% 0.352113% 0.181087% 0.000000% 0.000000% 0.181087% 30 Days 0.704225% 0.000000% 0.000000% 0.000000% 0.704225% 1.087543% 0.000000% 0.000000% 0.000000% 1.087543% 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% 0.352113% 0.704225% 0.000000% 1.056338% 0.000000% 0.150751% 0.310150% 0.000000% 0.460901% Totals 0.704225% 0.704225% 0.704225% 0.000000% 2.112676% 1.087543% 0.331838% 0.310150% 0.000000% 1.729531% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 1,884,619.76 0.00 0.00 0.00 1,884,619.76 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 2 0 0 0 2 1,884,619.76 0.00 0.00 0.00 1,884,619.76 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 6.666667% 0.000000% 0.000000% 0.000000% 6.666667% 12.534431% 0.000000% 0.000000% 0.000000% 12.534431% 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 6.666667% 0.000000% 0.000000% 0.000000% 6.666667% 12.534431% 0.000000% 0.000000% 0.000000% 12.534431% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 15,515.48
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 130,017,266.18 55.04003833% 38,612,839.59 30.60616892% 69.393831% 100.000000% Class R-I 130,017,216.18 55.04001717% 38,612,839.59 30.60616892% 0.000000% 0.000000% Class R-II 130,017,166.18 55.03999600% 38,612,839.59 30.60616892% 0.000000% 0.000000% Class 2A 81,404,766.18 34.46097263% 25,842,287.31 20.48368934% 10.122480% 0.000000% Class 3A 10,630,266.18 4.50009660% 10,504,784.18 8.32653600% 12.157153% 0.000000% Class B-1 5,905,866.18 2.50012256% 5,836,152.02 4.62598080% 3.700555% 0.000000% Class B-2 3,779,666.18 1.60004111% 3,735,050.14 2.96055863% 1.665422% 0.000000% Class B-3 2,362,366.18 1.00005737% 2,334,480.25 1.85040773% 1.110151% 0.000000% Class B-4 1,417,466.18 0.60005409% 1,400,734.05 1.11028102% 0.740127% 0.000000% Class B-5 708,866.18 0.30008339% 700,498.52 0.55524474% 0.555036% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.555245% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.354567% Weighted Average Net Coupon 3.979567% Weighted Average Pass-Through Rate 3.969567% Weighted Average Maturity(Stepdown Calculation ) 297 Beginning Scheduled Collateral Loan Count 363 Number Of Loans Paid In Full 17 Ending Scheduled Collateral Loan Count 346 Beginning Scheduled Collateral Balance 133,683,471.52 Ending Scheduled Collateral Balance 126,160,316.54 Ending Actual Collateral Balance at 31-Jul-2003 126,198,172.89 Monthly P &I Constant 535,607.62 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,915,881.88 Ending Scheduled Balance for Premium Loans 126,160,316.54 Scheduled Principal 50,496.26 Unscheduled Principal 7,472,658.72
Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 94.742075% Senior Percentage Group 2 86.043965% Senior Percentage Group 3 85.445682% Senior Prep Percentage Group 1 100.000000% Senior Prep Percentage Group 2 100.000000% Senior Prep Percentage Group 3 100.000000% Subordinate Percentage Group 1 5.257925% Subordinate Percentage Group 2 13.956035% Subordinate Percentage Group 3 14.554318% Subordinate Prep Percentage Group 1 0.000000% Subordinate Prep Percentage Group 2 0.000000% Subordinate Prep Percentage Group 3 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 3.314229 6.626250 7.142129 Weighted Average Net Rate 2.939229 6.251249 6.767129 Weighted Average Maturity 273 315 313 Beginning Loan Count 292 33 38 Loans Paid In Full 8 3 6 Ending Loan Count 284 30 32 Beginning Scheduled Balance 95,180,084.47 16,110,537.47 22,392,849.58 Ending scheduled Balance 92,551,974.72 15,016,213.69 18,592,128.13 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 262,873.80 108,527.80 164,206.02 Scheduled Principal 0.00 19,567.43 30,928.83 Unscheduled Principal 2,628,109.75 1,074,756.35 3,769,792.62 Scheduled Interest 262,873.80 88,960.37 133,277.19 Servicing Fees 29,743.78 5,034.55 6,997.77 Master Servicing Fees 793.17 134.26 186.60 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 232,336.85 83,791.56 126,092.82 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 2.929229 6.241250 6.757129
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.354567 Weighted Average Net Rate 3.979567 Weighted Average Maturity 297 Beginning Loan Count 363 Loans Paid In Full 17 Ending Loan Count 346 Beginning Scheduled Balance 133,683,471.52 Ending scheduled Balance 126,160,316.54 Record Date 07/31/2003 Principal And Interest Constant 535,607.62 Scheduled Principal 50,496.26 Unscheduled Principal 7,472,658.72 Scheduled Interest 485,111.36 Servicing Fees 41,776.10 Master Servicing Fees 1,114.03 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 442,221.23 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 3.969567
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