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Previous: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2000 2, 8-K, 2001-01-09 |
Next: CWMB INC CML MORTGAGE PASS THR TRUST 2000-8, 8-K, 2001-01-09 |
<TABLE>
<CAPTION>
Bear Stearns ARM Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/00
Distribution Date: 12/26/00
BST Series: 2000-2
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) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A1 07384MAA0 SEN 7.55690% 226,292,500.00 1,425,057.22 1,596,987.89
A2 07384MAB8 SEN 7.55690% 5,359,400.00 33,750.35 37,822.27
XP 07384MAG7 SEN 7.55690% 100.00 0.62 0.00
R 07384MAC6 SEN 7.55690% 100.00 0.63 100.00
B1 07384MAD4 SUB 7.55690% 1,786,500.00 11,250.33 292.57
B2 0738AMAE2 SUB 7.55690% 952,800.00 6,000.17 156.04
B3 07384MAF9 SUB 7.55690% 952,800.00 6,000.17 156.04
B4 07384MAH5 SUB 7.55690% 1,191,000.00 7,500.22 195.05
B5 07384MAJ1 SUB 7.55690% 714,600.00 4,500.13 117.03
B6 07384MAK8 SUB 7.55690% 952,909.00 6,000.86 156.05
Totals 238,202,709.00 1,500,060.70 1,635,982.94
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A1 0.00 224,695,512.11 3,022,045.11 0.00
A2 0.00 5,321,577.73 71,572.62 0.00
XP 0.00 100.00 0.62 0.00
R 0.00 0.00 100.63 0.00
B1 0.00 1,786,207.43 11,542.90 0.00
B2 0.00 952,643.96 6,156.21 0.00
B3 0.00 952,643.96 6,156.21 0.00
B4 0.00 1,190,804.95 7,695.27 0.00
B5 0.00 714,482.97 4,617.16 0.00
B6 0.00 952,752.95 6,156.91 0.00
Totals 0.00 236,566,726.06 3,136,043.64 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A1 226,292,500.00 226,292,500.00 37,056.96 1,559,930.94 0.00 0.00
A2 5,359,400.00 5,359,400.00 877.64 36,944.64 0.00 0.00
XP 100.00 100.00 0.00 0.00 0.00 0.00
R 100.00 100.00 2.32 97.68 0.00 0.00
B1 1,786,500.00 1,786,500.00 292.57 0.00 0.00 0.00
B2 952,800.00 952,800.00 156.04 0.00 0.00 0.00
B3 952,800.00 952,800.00 156.04 0.00 0.00 0.00
B4 1,191,000.00 1,191,000.00 195.05 0.00 0.00 0.00
B5 714,600.00 714,600.00 117.03 0.00 0.00 0.00
B6 952,909.00 952,909.00 156.05 0.00 0.00 0.00
Totals 238,202,709.00 238,202,709.00 39,009.70 1,596,973.26 0.00 0.00
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A1 1,596,987.89 224,695,512.11 0.99294282 1,596,987.89
A2 37,822.27 5,321,577.73 0.99294282 37,822.27
XP 0.00 100.00 1.00000000 0.00
R 100.00 0.00 0.00000000 100.00
B1 292.57 1,786,207.43 0.99983623 292.57
B2 156.04 952,643.96 0.99983623 156.04
B3 156.04 952,643.96 0.99983623 156.04
B4 195.05 1,190,804.95 0.99983623 195.05
B5 117.03 714,482.97 0.99983623 117.03
B6 156.05 952,752.95 0.99983624 156.05
Totals 1,635,982.94 236,566,726.06 0.99313197 1,635,982.94
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A1 226,292,500.00 1000.00000000 0.16375691 6.89342749 0.00000000
A2 5,359,400.00 1000.00000000 0.16375714 6.89342837 0.00000000
XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 100.00 1000.00000000 23.20000000 976.80000000 0.00000000
B1 1,786,500.00 1000.00000000 0.16376714 0.00000000 0.00000000
B2 952,800.00 1000.00000000 0.16376994 0.00000000 0.00000000
B3 952,800.00 1000.00000000 0.16376994 0.00000000 0.00000000
B4 1,191,000.00 1000.00000000 0.16376994 0.00000000 0.00000000
B5 714,600.00 1000.00000000 0.16376994 0.00000000 0.00000000
B6 952,909.00 1000.00000000 0.16376170 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A1 0.00000000 7.05718435 992.94281565 0.99294282 7.05718435
A2 0.00000000 7.05718364 992.94281636 0.99294282 7.05718364
XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
B1 0.00000000 0.16376714 999.83623286 0.99983623 0.16376714
B2 0.00000000 0.16376994 999.83623006 0.99983623 0.16376994
B3 0.00000000 0.16376994 999.83623006 0.99983623 0.16376994
B4 0.00000000 0.16376994 999.83623006 0.99983623 0.16376994
B5 0.00000000 0.16376994 999.83623006 0.99983623 0.16376994
B6 0.00000000 0.16376170 999.83623830 0.99983624 0.16376170
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
A1 226,292,500.00 7.55690% 226,292,500.00 1,425,057.22 0.00 0.00
A2 5,359,400.00 7.55690% 5,359,400.00 33,750.35 0.00 0.00
XP 100.00 7.55690% 100.00 0.63 0.00 0.01
R 100.00 7.55690% 100.00 0.63 0.00 0.00
B1 1,786,500.00 7.55690% 1,786,500.00 11,250.33 0.00 0.00
B2 952,800.00 7.55690% 952,800.00 6,000.17 0.00 0.00
B3 952,800.00 7.55690% 952,800.00 6,000.17 0.00 0.00
B4 1,191,000.00 7.55690% 1,191,000.00 7,500.22 0.00 0.00
B5 714,600.00 7.55690% 714,600.00 4,500.13 0.00 0.00
B6 952,909.00 7.55690% 952,909.00 6,000.86 0.00 0.00
Totals 238,202,709.00 1,500,060.71 0.00 0.01
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A1 0.00 0.00 1,425,057.22 0.00 224,695,512.11
A2 0.00 0.00 33,750.35 0.00 5,321,577.73
XP 0.00 0.00 0.62 0.01 100.00
R 0.00 0.00 0.63 0.00 0.00
B1 0.00 0.00 11,250.33 0.00 1,786,207.43
B2 0.00 0.00 6,000.17 0.00 952,643.96
B3 0.00 0.00 6,000.17 0.00 952,643.96
B4 0.00 0.00 7,500.22 0.00 1,190,804.95
B5 0.00 0.00 4,500.13 0.00 714,482.97
B6 0.00 0.00 6,000.86 0.00 952,752.95
Totals 0.00 0.00 1,500,060.70 0.01
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
A1 226,292,500.00 7.55690% 1000.00000000 6.29741251 0.00000000 0.00000000
A2 5,359,400.00 7.55690% 1000.00000000 6.29741202 0.00000000 0.00000000
XP 100.00 7.55690% 1000.00000000 6.30000000 0.00000000 0.10000000
R 100.00 7.55690% 1000.00000000 6.30000000 0.00000000 0.00000000
B1 1,786,500.00 7.55690% 1000.00000000 6.29741394 0.00000000 0.00000000
B2 952,800.00 7.55690% 1000.00000000 6.29740764 0.00000000 0.00000000
B3 952,800.00 7.55690% 1000.00000000 6.29740764 0.00000000 0.00000000
B4 1,191,000.00 7.55690% 1000.00000000 6.29741394 0.00000000 0.00000000
B5 714,600.00 7.55690% 1000.00000000 6.29741114 0.00000000 0.00000000
B6 952,909.00 7.55690% 1000.00000000 6.29741140 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 6.29741251 0.00000000 992.94281565
A2 0.00000000 0.00000000 6.29741202 0.00000000 992.94281636
XP 0.00000000 0.00000000 6.20000000 0.10000000 1000.00000000
R 0.00000000 0.00000000 6.30000000 0.00000000 0.00000000
B1 0.00000000 0.00000000 6.29741394 0.00000000 999.83623286
B2 0.00000000 0.00000000 6.29740764 0.00000000 999.83623006
B3 0.00000000 0.00000000 6.29740764 0.00000000 999.83623006
B4 0.00000000 0.00000000 6.29741394 0.00000000 999.83623006
B5 0.00000000 0.00000000 6.29741114 0.00000000 999.83623006
B6 0.00000000 0.00000000 6.29741140 0.00000000 999.83623830
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,211,474.52
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 3,211,474.52
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 75,430.87
Payment of Interest and Principal 3,136,043.65
Total Withdrawals (Pool Distribution Amount) 3,211,474.52
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 74,438.33
Trustee Fee 992.51
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 75,430.84
</TABLE>
<TABLE>
<CAPTION> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
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
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 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%
<FN>
Delinquencies are stratified according to the information the Servicer has
provided. All 90 day delinquencies reported are 90+ day delinquencies.
</FN>
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 6,550,809.00 2.75009960% 6,549,636.22 2.76862108% 97.231422% 100.000000%
Class R 6,550,709.00 2.75005762% 6,549,636.22 2.76862108% 0.000000% 0.000000%
Class B-1 4,764,109.00 2.00002385% 4,763,328.79 2.01352443% 0.755054% 0.000000%
Class B-2 3,811,309.00 1.60002823% 3,810,684.83 1.61082876% 0.402696% 0.000000%
Class B-3 2,858,509.00 1.20003262% 2,858,040.87 1.20813308% 0.402696% 0.000000%
Class B-4 1,667,509.00 0.70003809% 1,667,235.92 0.70476350% 0.503370% 0.000000%
Class B-5 952,909.00 0.40004138% 952,752.95 0.40274174% 0.302022% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.402742% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 7.936895%
Weighted Average Net Coupon 7.556895%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 333
Beginning Scheduled Collateral Loan Count 311
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 308
Beginning Scheduled Collateral Balance 238,202,609.00
Ending Scheduled Collateral Balance 236,566,724.86
Ending Actual Collateral Balance at 30-Nov-2000 236,566,724.86
Monthly P &I Constant 1,614,501.26
Class A Optimal Amount 3,093,718.37
Ending Scheduled Balance for Premium Loans 236,566,724.86
</TABLE>
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