FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 30, 2001
(Date of earliest event reported)
Bear Stearns Asset Backed Securities, Inc.
Sponsor)
(Asset Backed Securities Inc. Asset-Backed Certificates,
Series 2001-3)
Exact name of registrant as specified in charter)
Delaware (State or other jurisdiction of organization)
333-56242 (Commission File No.)
13-3836437(I.R.S. Employer Identification No.)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(212) 272-2000
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the monthly
distribution reported to the holders of Bear Stearns Asset Backed
Securities Inc. Asset-Backed Certificates, Series 2001-3 which was made
October 25, 2002.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND
EXHIBITS
Exhibit No. Description
99.1 Monthly distribution report pursuant to Section 5.05 of the
Pooling and Servicing Agreement for the distribution on October 25,
2002.
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report
to be signed on behalf of the Registrant by the undersigned
thereunto duly authorized.
LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND SERVICING AGREEMENT ON
BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES, INC.
By: /s/ Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President
Date: October 25, 2002.
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| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| | STATEMENT DATE: | | 10/25/2002 |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST | | PAYMENT DATE: | | 10/25/2002 |
| |
| 135 S. LASALLE STREET SUITE 1625 |
| CHICAGO, IL 60603-4159 |
| USA |
SERIES 2001-3 | | | PRIOR PAYMENT: | | 09/25/2002 |
| | NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
|
| ABN AMRO ACCT: 67-8905-80-3 |
| ADMINISTRATOR: | | REPORTING PACKAGE TABLE OF CONTENTS | | ANALYST: |
| CHRISTOPHER LEWIS (312) 904-7992 | | RHIANA PHI (714) 238-6727 |
| CHRISTOPHER.LEWIS@ABNAMRO.COM | | RHIANA.PHI@ABNAMRO.COM |
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| PAGE(S) |
| ISSUE ID: | | BSABS013 | | CLOSING DATE: | 11/30/2001 |
| STATEMENTS TO CERTIFICATEHOLDERS | PAGE 2 |
| CASH RECONCILIATION SUMMARY | PAGE 3 | | FIRST PAYMENT DATE: | 12/26/2001 |
| MONTHLY DATA FILE NAME: | | BOND INTEREST RECONCILIATION | PAGE 4 | | ASSUMED FINAL PAYMENT: DATE: | 10/27/2032 |
| BSABS013_200210_3.ZIP | | ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY PART II | PAGE 5 |
| ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY | PAGE 6 |
| REALIZED LOSS DETAIL | PAGE 7 |
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| PARTIES TO THE TRANSACTION |
| DEPOSITOR: EMC MORTGAGE CORPORATION |
| UNDERWRITER: BEAR STEARNS & CO. INC. |
| MASTER SERVICER: EMC MORTGAGE CORPORATION |
| RATING AGENCY: MOODY'S INVESTORS SERVICE, INC./STANDARD & POOR'S RATING SERVICES |
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| INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES |
| LASALLE WEB SITE | | WWW.ETRUSTEE.NET |
| SERVICER WEB SITE | | WWW.EMCMORTGAGECORP.COM |
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| LASALLE FACTOR LINE | | (800) 246-5761 |
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| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. | | PAGE 1 OF 7 |
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| | | ABN AMRO |
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| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST | STATEMENT DATE: | 10/25/2002 |
|
| SERIES 2001-3 | PAYMENT DATE: | 10/25/2002 |
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| WAC: | | 10.333716% | | PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| WAMM: | | 248 |
| RECORD DATE: | | 10/24/2002 |
| CURRENT INDEX: | | 1.813750% |
| NEXT INDEX: | | 1.830000% | REMIC III |
| ABN AMRO ACCT: 67-8905-80-3 |
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|
| ORIGINAL | | OPENING | | PRINCIPAL | | PRINCIPAL | | NEGATIVE | | CLOSING | | INTEREST | | INTEREST | PASS-THROUGH |
| CLASS | | FACE VALUE (1) | | BALANCE | | PAYMENT | | ADJ. OR LOSS | | AMORTIZATION | | BALANCE | | PAYMENT (2) | | ADJUSTMENT | RATE |
|
| CUSIP | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | NEXT RATE(3) |
| A-1 | 75,000,000.00 | | 52,503,948.10 | 1,656,456.22 | 0.00 | 0.00 | 50,847,491.88 | 99,046.51 | 0.00 | | 2.26375000% |
| 07384YBL9 | | 700.052641333 | 22.086082933 | 0.000000000 | 0.000000000 | 677.966558400 | | 1.320620133 | 0.000000000 | | 2.280000000% |
|
| A-2 | 77,831,000.00 | | 54,485,797.13 | 1,718,981.92 | 0.00 | 0.00 | 52,766,815.21 | 100,514.94 | 0.00 | | 2.21375000% |
| 07384YBM7 | | 700.052641364 | 22.086082923 | 0.000000000 | 0.000000000 | 677.966558441 | | 1.291451221 | 0.000000000 | | 2.230000000% |
|
| A-3 | 10,000,000.00 | | 7,000,526.39 | 220,860.83 | 0.00 | 0.00 | 6,779,665.56 | 14,372.96 | 0.00 | | 2.46375000% |
| 07384YBN5 | | 700.052639000 | 22.086083000 | 0.000000000 | 0.000000000 | 677.966556000 | | 1.437296000 | 0.000000000 | | 2.480000000% |
|
| A-IO | 18,193,400.00 | | N | | 18,193,000.00 | 0.00 | 0.00 | 0.00 | 18,193,000.00 | 121,286.67 | 0.00 | | 8.00000000% |
| 07384YBP0 | | 999.978014005 | 0.000000000 | 0.000000000 | 0.000000000 | 999.978014005 | | 6.666520277 | 0.000000000 | | N/A |
|
| M-1 | 10,461,000.00 | | 10,461,000.00 | 0.00 | 0.00 | 0.00 | 10,461,000.00 | 24,528.87 | 0.00 | | 2.81375000% |
| 07384YBQ8 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 2.344792085 | 0.000000000 | | 2.830000000% |
|
| M-2 | 5,913,000.00 | | 5,913,000.00 | 0.00 | 0.00 | 0.00 | 5,913,000.00 | 16,328.50 | 0.00 | | 3.31375000% |
| 07384YBR6 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 2.761457805 | 0.000000000 | | 3.330000000% |
|
| B | 2,729,000.00 | | 2,729,000.00 | 0.00 | 0.00 | 0.00 | 2,729,000.00 | 9,810.19 | 0.00 | | 4.31375000% |
| 07384YBS4 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 3.594792964 | 0.000000000 | | 4.330000000% |
|
| B-IO | 181,934,777.00 | | N | | 138,551,314.96 | 0.00 | 0.00 | 0.00 | 134,955,015.99 | 600,977.41 | 600,977.41 | | N/A |
| 9ABSG586 | | 761.543874374 | 0.000000000 | 0.000000000 | 0.000000000 | 741.776906072 | | 3.303257464 | 3.303257464 |
|
| R-I | 50.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 07384YBT2 | | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
|
| R-II | 50.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 07384YBU9 | | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
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| R-III | 50.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 07384YBV7 | | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
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| TOTAL | | 181,934,150.00 | | 133,093,271.62 | 3,596,298.97 | 0.00 | 0.00 | 129,496,972.65 | 986,866.05 | 600,977.41 |
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| TOTAL P&I PAYMENT | | 4,583,165.02 |
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| NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS |
| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. | | PAGE 2 OF 7 |
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| | | ABN AMRO |
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| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| | BEAR STEARNS ASSET BACKED SECURITIES TRUST | STATEMENT DATE: | 10/25/2002 |
| SERIES 2001-3 | PAYMENT DATE: | | 10/25/2002 |
| PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
| ABN AMRO ACCT: 67-8905-80-3 |
| CASH RECONCILIATION SUMMARY |
|
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| INTEREST SUMMARY | | SERVICING FEE SUMMARY | | PRINCIPAL SUMMARY |
| CURRENT SCHEDULED INTEREST | 204,734.36 | | CURRENT SERVICING FEES | 9,538.65 | | SCHEDULED: |
| LESS DEFERRED INTEREST | 0.00 | | PLUS FEES ADVANCED FOR COMP INT. | 0.00 | | CURRENT SCHEDULED PRINCIPAL | 29,765.13 |
| PLUS ADVANCE INTEREST | 940,231.36 | | LESS REDUCTION FOR COMP INT. | (557.67) | | ADVANCED SCHEDULED PRINCIPAL | 160,647.57 |
| PLUS UNSCHEDULED INTEREST | 0.00 | | PLUS DELINQUENT SERVICING FEES | | 48,159.20 | | SCHEDULED PRINCIPAL DISTRIBUTION | 190,412.70 |
| PPIS REDUCING SCHEDULED INTEREST | (589.54) | | TOTAL SERVICING FEES | 57,140.17 | | UNSCHEDULED: |
| LESS TOTAL FEES PAID TO SERVICER | (8,980.97) | | CURTAILMENTS | 4,185.63 |
| PLUS FEES ADVANCED FOR PPIS | 0.00 | | PREPAYMENTS IN FULL | 3,273,070.20 |
| LESS FEE STRIPS PAID BY SERVICER | 0.00 | | COMPENSATING INTEREST SUMMARY | | LIQUIDATION PROCEEDS | (17,590.81) |
| LESS MISC. FEES & EXPENSES | 0.00 | | GROSS COMP INT. | | 589.54 | | REPURCHASE PROCEEDS | 0.00 |
| LESS NON RECOVERABLE ADVANCES | 0.00 | | REDUCED BY PPIE | 0.00 | | OTHER PRINCIPAL PROCEEDS | 0.00 |
| REDUCED BY SHORTFALLS IN FEES | (31.87) | | UNSCHEDULED PRINCIPAL DISTRIBUTION | 3,259,665.02 |
| INTEREST DUE TRUST | 1,135,395.20 | | REDUCED BY OTHER AMOUNTS | 0.00 |
| EXTRA PRINCIPAL | 146,221.24 |
| LESS TRUSTEE FEE | (2,307.91) | | NET COMP INT. | 557.67 |
| LESS FEE STRIPS PAID BY TRUST | 0.00 | | COMP INT. REDUCING SERVICING FEE | 557.67 | | REMITTANCE PRINCIPAL | 3,596,298.96 |
| LESS MISC. FEES PAID BY TRUST | 0.00 | | COMP INT. ALLOCATED TO CERTIFICATES | 0.00 |
| SERVICER WIRE AMOUNT | 4,585,472.92 |
| LESS INTEREST RESERVE WITHHOLDING | | 0.00 | | POOL BALANCE SUMMARY |
| PLUS INTEREST RESERVE DEPOSIT | | 0.00 | | BALANCE/AMOUNT | | COUNT | | TRIGGER EVENT | NO |
| AVAILABLE INTEREST | 1,133,087.28 | | BEGINNING POOL | | 138,551,314.96 | | 2,175 |
| LESS EXTRA PRINCIPAL | (146,221.24) | | SCHEDULED PRINCIPAL DISTRIBUTION | | 190,412.70 |
| UNSCHEDULED PRINCIPAL DISTRIBUTION | | 3,277,255.83 | | 44 | | OVER COLLATERALIZATION AMT | | 5,458,043.33 |
| REMITTANCE INTEREST | 986,866.04 |
| DEFERRED INTEREST | | 0.00 |
| LIQUIDATIONS | | 128,630.44 | | 4 |
| REPURCHASES | | 0.00 | | 0 |
| ENDING POOL | | 134,955,015.99 | | 2,127 |
| ADVANCES |
| PRIOR OUTSTANDING | CURRENT PERIOD | | RECOVERED | ENDING OUTSTANDING |
| PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST |
| MADE BY: SERVICER | | 244,272.21 | | 1,650,495.04 | 160,647.57 | | 940,231.36 | | 128,284.49 | 680,671.73 | | 276,635.29 | | 1,910,054.66 |
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| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. | | PAGE 3 OF 7 |
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| | | ABN AMRO |
| | LASALLE BANK |
| | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
|
| BEAR STEARNS ASSET BACKED SECURITIES TRUST | STATEMENT DATE: | 10/25/2002 |
| PAYMENT DATE: | | 10/25/2002 |
| SERIES 2001-3 |
| PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
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| ABN AMRO ACCT: 67-8905-80-3 |
| BOND INTEREST RECONCILIATION |
|
| ADDITIONS |
| APPLIED REALIZED |
| ACCRUAL | | ACCRUED | | PRIOR | | OTHER | | DISTRIBUTABLE | | INTEREST | | REMAINING | | LOSSES |
| CERTIFICATE | | INTEREST | | INT. CARRY- | | INTEREST | | CERTIFICATE | | PAYMENT | | INT. CARRY- | | |
| SCHED |
| PRIN |
| | | UNSCHED |
| PRIN |
| | | EXTRA |
| PRIN |
| LOSSES | | | | |
| CLASS | | METHOD DAYS | | PTR | | CAPPING | | INTEREST | | SHORTFALL | | PROCEEDS | | |
| INTEREST |
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| AMOUNT | | FORWARD AMT | | CURRENT | | CUMULATIVE | | A-1 | | ACT/360 | | 30 | | 2.263750% | | N | | 99,046.51 | | 0.00 | | 0.00 | | 0.00 | | 99,046.51 | | 99,046.51 | | 0.00 | | 87,704.14 | | 1,568,752.08 | | 67,349.54 | 0.00 | 0.00 |
| A-2 | | ACT/360 | | 30 | | 2.213750% | | N | | 100,514.94 | | 0.00 | | 0.00 | | 0.00 | | 100,514.94 | | 100,514.94 | | 0.00 | | 91,014.68 | | 1,627,967.24 | | 69,891.76 | 0.00 | 0.00 |
| A-3 | | ACT/360 | | 30 | | 2.463750% | | N | | 14,372.96 | | 0.00 | | 0.00 | | 0.00 | | 14,372.96 | | 14,372.96 | | 0.00 | | 11,693.89 | | 209,166.94 | | 8,979.94 | 0.00 | 0.00 |
| A-IO | | 30/360 | | 30 | | 8.000000% | | N | | 121,286.67 | | 0.00 | | 0.00 | | 0.00 | | 121,286.67 | | 121,286.67 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | 0.00 | 0.00 |
| M-1 | | ACT/360 | | 30 | | 2.813750% | | N | | 24,528.87 | | 0.00 | | 0.00 | | 0.00 | | 24,528.87 | | 24,528.87 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | 0.00 | 0.00 |
| M-2 | | ACT/360 | | 30 | | 3.313750% | | N | | 16,328.50 | | 0.00 | | 0.00 | | 0.00 | | 16,328.50 | | 16,328.50 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | 0.00 | 0.00 |
| B | | ACT/360 | | 30 | | 4.313750% | | N | | 9,810.19 | | 0.00 | | 0.00 | | 0.00 | | 9,810.19 | | 9,810.19 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | 0.00 | 0.00 |
| B-IO | | 30 | | 0.000000% | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 1,163,338.05 | | 600,977.41 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | 0.00 | 0.00 |
| 385,888.64 | | 0.00 | | 0.00 | | 0.00 | | 1,549,226.69 | | 986,866.05 | | 0.00 | | 190,412.71 | | 3,405,886.26 | | 146,221.24 | | 0.00 | | 0.00 |
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| PAGE 4 OF 7 |
| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. |
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| | | ABN AMRO |
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| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| | BEAR STEARNS ASSET BACKED SECURITIES TRUST | | STATEMENT DATE: | | 10/25/2002 |
| PAYMENT DATE: | | 10/25/2002 |
| SERIES 2001-3 | PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
| ABN AMRO ACCT: 67-8905-80-3 |
| ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY |
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| ENDING POOL (1) | | PAYOFFS(2) | | INSURANCE | | SUBSTITUTION | | LIQUIDATION | | REALIZED LOSSES (2) | | REO | | REMAINING TERM | | CURR WEIGHTED AVG. |
| |
| DISTRIBUTION |
| DATE |
| | # BALANCE | | # BALANCE | | PROCEEDS | | PROCEEDS | | PROCEEDS | | # AMOUNT | # BALANCE | LIFE | | COUPON REMIT |
| 10/25/02 | | 2,127 | | 134,955,016 | | 44 | | 3,273,070 | | 0 | | 0 | | (17,591) | | 4 | | 146,221 | | 12 | 889,758 | | 248 | | 10.33% | | 9.81% |
| 78.72% | | 74.18% | | 2.02% | | 2.36% | | 0.18% | | 0.11% |
| 9/25/02 | | 2,175 | | 138,551,315 | | 57 | | 8,203,617 | | 0 | | 0 | | (20,814) | | 6 | | 136,910 | | 10 | 798,392 | | 248 | | 10.35% | | 9.83% |
| 80.50% | | 76.15% | | 2.55% | | 5.58% | | 0.27% | | 0.09% |
| 8/26/02 | | 2,238 | | 147,078,324 | | 37 | | 2,703,979 | | 0 | | 0 | | 103,936 | | 2 | | 59,924 | | 6 | 565,940 | | 247 | | 10.37% | | 9.85% |
| 82.83% | | 80.84% | | 1.62% | | 1.80% | | 0.09% | | 0.04% |
| 7/25/02 | | 2,277 | | 150,170,007 | | 42 | | 2,762,435 | | 0 | | 0 | | 103,854 | | 2 | | 6,435 | | 6 | 644,581 | | 247 | | 10.41% | | 9.89% |
| 84.27% | | 82.54% | | 1.81% | | 1.80% | | 0.09% | | 0.00% |
| 6/25/02 | | 2,321 | | 153,260,074 | | 52 | | 3,563,522 | | 0 | | 0 | | (12,777) | | 4 | | 159,742 | | 6 | 644,852 | | 248 | | 10.45% | | 9.93% |
| 85.90% | | 84.24% | | 2.19% | | 2.27% | | 0.17% | | 0.10% |
| 5/28/02 | | 2,377 | | 157,213,882 | | 53 | | 4,274,930 | | 0 | | 0 | | 119,491 | | 3 | | 106,440 | | 1 | 145,717 | | 248 | | 10.48% | | 9.96% |
| 87.97% | | 86.41% | | 2.18% | | 2.64% | | 0.12% | | 0.07% |
| 4/25/02 | | 2,433 | | 161,949,832 | | 63 | | 5,089,211 | | 0 | | 0 | | 537 | | 2 | | 36,673 | | 0 | 0 | | 250 | | 10.53% | | 10.01% |
| 90.04% | | 89.02% | | 2.52% | | 3.04% | | 0.08% | | 0.02% |
| 3/25/02 | | 2,498 | | 167,304,927 | | 55 | | 3,407,646 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 251 | | 10.59% | | 10.07% |
| 92.45% | | 91.96% | | 2.15% | | 1.99% | | 0.00% | | 0.00% |
| 2/25/02 | | 2,553 | | 170,955,492 | | 45 | | 2,583,627 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 251 | | 10.62% | | 10.10% |
| 94.49% | | 93.97% | | 1.73% | | 1.49% | | 0.00% | | 0.00% |
| 1/25/02 | | 2,598 | | 173,771,553 | | 68 | | 5,221,244 | | 0 | | 0 | | (814) | | 1 | | 29,168 | | 0 | 0 | | 252 | | 10.67% | | 10.15% |
| 96.15% | | 95.51% | | 2.55% | | 2.91% | | 0.04% | | 0.02% |
| 12/26/01 | | 2,667 | | 179,377,311 | | 35 | | 2,325,382 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 253 | | 10.73% | | 10.21% |
| 98.70% | | 98.59% | | 1.30% | | 1.28% | | 0.00% | | 0.00% |
| (1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD. |
| PAGE 5 OF 7 |
| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. |
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| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| | STATEMENT DATE: | | 10/25/2002 |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST |
| PAYMENT DATE: | | 10/25/2002 |
| SERIES 2001-3 | PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
|
| ABN AMRO ACCT: 67-8905-80-3 |
| ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY |
|
|
| |
| DELINQUENCY AGING CATEGORIES |
| | | IN FORECLOSURE AND DELINQUENT |
| | | IN BANKRUPTCY AND DELINQUENT |
| | |
|
| 3 MONTH AVG |
| AVG 60 + |
|
| |
| DISTRIBUTION |
| DATE |
| 31 - 60 DAYS | | 61 - 90 DAYS | | 90 + DAYS | | 31 - 60 DAYS | | 61 - 90 DAYS | | 90 + DAYS | | 31 - 60 DAYS | | 61 - 90 DAYS | | 90 + DAYS | | | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | |
|
| 10/25/02 | | 230 | | 14,232,004 | | 72 | 4,742,270 | | 122 | | 8,272,518 | | 0 | | 0 | | 0 | | 0 | | 119 | | 8,809,915 | | 14 | 498,025 | | 4 | | 192,195 | | 35 | | 2,623,137 | | 10.00% |
| 10.81% | | 10.55% | | 3.39% | | 3.51% | | 5.74% | | 6.13% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 5.59% | | 6.53% | | 0.66% | | 0.37% | | 0.19% | | 0.14% | | 1.65% | | 1.94% |
| 9/25/02 | | 195 | | 14,316,286 | | 88 | 6,089,789 | | 116 | | 6,948,458 | | 0 | | 0 | | 0 | | 0 | | 111 | | 8,686,501 | | 10 | 494,403 | | 4 | | 204,593 | | 35 | | 2,342,501 | | 9.25% |
| 8.97% | | 10.33% | | 4.05% | | 4.40% | | 5.33% | | 5.02% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 5.10% | | 6.27% | | 0.46% | | 0.36% | | 0.18% | | 0.15% | | 1.61% | | 1.69% |
| 8/26/02 | | 192 | | 13,112,213 | | 77 | 4,356,461 | | 109 | | 6,678,094 | | 0 | | 0 | | 0 | | 0 | | 108 | | 8,703,845 | | 8 | 491,783 | | 4 | | 201,721 | | 30 | | 1,983,225 | | 7.76% |
| 8.58% | | 8.92% | | 3.44% | | 2.96% | | 4.87% | | 4.54% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 4.83% | | 5.92% | | 0.36% | | 0.33% | | 0.18% | | 0.14% | | 1.34% | | 1.35% |
| 7/25/02 | | 220 | | 13,811,516 | | 69 | 4,046,805 | | 120 | | 8,387,146 | | 0 | | 0 | | 0 | | 0 | | 84 | | 6,814,314 | | 11 | 512,172 | | 5 | | 337,497 | | 30 | | 2,143,131 | | 6.38% |
| 9.66% | | 9.20% | | 3.03% | | 2.69% | | 5.27% | | 5.59% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 3.69% | | 4.54% | | 0.48% | | 0.34% | | 0.22% | | 0.22% | | 1.32% | | 1.43% |
| 6/25/02 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | | 181,250 | | 69 | | 5,672,858 | | 9 | 440,913 | | 3 | | 111,188 | | 26 | | 1,673,363 | | 5.44% |
|
|
| 5/28/02 | | 198 | | 12,892,706 | | 69 | 4,322,327 | | 90 | | 6,444,272 | | 0 | | 0 | | 1 | | 103,137 | | 75 | | 6,133,879 | | 9 | 413,721 | | 5 | | 300,776 | | 19 | | 1,172,356 | | 5.10% |
| 8.33% | | 8.20% | | 2.90% | | 2.75% | | 3.79% | | 4.10% | | 0.00% | | 0.00% | | 0.04% | | 0.07% | | 3.16% | | 3.90% | | 0.38% | | 0.26% | | 0.21% | | 0.19% | | 0.80% | | 0.75% |
| 4/25/02 | | 208 | | 13,768,208 | | 50 | 3,771,433 | | 70 | | 4,458,003 | | 1 | | 103,223 | | 2 | | 384,828 | | 75 | | 6,441,224 | | 8 | 488,825 | | 2 | | 182,107 | | 21 | | 1,253,106 | | 9.02% |
| 8.55% | | 8.50% | | 2.06% | | 2.33% | | 2.88% | | 2.75% | | 0.04% | | 0.06% | | 0.08% | | 0.24% | | 3.08% | | 3.98% | | 0.33% | | 0.30% | | 0.08% | | 0.11% | | 0.86% | | 0.77% |
| 3/25/02 | | 197 | | 13,869,566 | | 66 | 5,766,775 | | 69 | | 4,545,904 | | 0 | | 0 | | 6 | | 242,547 | | 61 | | 5,616,479 | | 10 | 611,747 | | 5 | | 206,692 | | 18 | | 1,131,351 | | 8.28% |
| 7.89% | | 8.29% | | 2.64% | | 3.45% | | 2.76% | | 2.72% | | 0.00% | | 0.00% | | 0.24% | | 0.14% | | 2.44% | | 3.36% | | 0.40% | | 0.37% | | 0.20% | | 0.12% | | 0.72% | | 0.68% |
| 2/25/02 | | 251 | | 16,697,028 | | 75 | 4,681,872 | | 66 | | 5,340,085 | | 3 | | 110,368 | | 0 | | 0 | | 44 | | 3,619,837 | | 10 | 570,913 | | 8 | | 381,986 | | 12 | | 870,513 | | 7.12% |
| 9.83% | | 9.77% | | 2.94% | | 2.74% | | 2.59% | | 3.12% | | 0.12% | | 0.06% | | 0.00% | | 0.00% | | 1.72% | | 2.12% | | 0.39% | | 0.33% | | 0.31% | | 0.22% | | 0.47% | | 0.51% |
| 1/25/02 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 3 | | 139,929 | | 18 | | 1,747,428 | | 18 | 928,761 | | 3 | | 141,128 | | 4 | | 392,926 | | 6.67% |
|
|
| 12/26/01 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 | | 1 | | 45,224 | | 1 | | 58,315 | | 0 | | 0 | | 10 | 421,235 | | 5 | | 425,618 | | 0 | | 0 | | 6.21% |
|
|
|
|
| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. | | PAGE 6 OF 7 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | BEAR STEARNS ASSET BACKED SECURITIES, INC. |
| | STATEMENT DATE: | | 10/25/2002 |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST | PAYMENT DATE: | | 10/25/2002 |
| SERIES 2001-3 | PRIOR PAYMENT: | | 09/25/2002 |
| NEXT PAYMENT: | | 11/25/2002 |
| RECORD DATE: | | 10/24/2002 |
|
| ABN AMRO ACCT: 67-8905-80-3 |
| REALIZED LOSS DETAIL |
|
| |
| BEGINNING |
| SCHEDULED |
| BALANCE |
| | | GROSS PROCEEDS |
| AS A % OF |
| SCHED. BALANCE |
| | | AGGREGATE |
| LIQUIDATION |
| EXPENSES * |
| | | NET |
| LIQUIDATION |
| PROCEEDS |
| | | NET PROCEEDS |
| AS A % OF |
| SCHED. BALANCE |
| |
|
| PERIOD |
| | | DISCLOSURE |
| CONTROL # |
| | | APPRAISAL |
| DATE |
| | | APPRAISAL |
| VALUE |
| | | | GROSS |
| PROCEEDS |
| | | | | | | REALIZED |
| LOSS |
| | | | | | | | | | |
| | | | | | |
|
| 200210 | | 1044 | | NOT AVAIL. | | NOT AVAIL. | | 34,276.52 | | 0.00 | | 0.00% | | 163.20 | | (2,314.08) | | - -6.75% | | 36,590.60 |
| 200210 | | 1373 | | NOT AVAIL. | | NOT AVAIL. | | 40,225.03 | | (405.71) | | - -1.01% | | 4,240.31 | | (8,925.79) | | - -22.19% | | 49,150.82 |
| 200210 | | 2119 | | NOT AVAIL. | | NOT AVAIL. | | 22,223.28 | | 0.00 | | 0.00% | | 1,306.20 | | (3,395.72) | | - -15.28% | | 25,619.00 |
| 200210 | | 919 | | NOT AVAIL. | | NOT AVAIL. | | 31,905.61 | | 0.00 | | 0.00% | | 264.50 | | (2,955.22) | | - -9.26% | | 34,860.83 |
| 200209 | | 113 | | NOT AVAIL. | | NOT AVAIL. | | 11,491.12 | | 0.00 | | 0.00% | | 760.29 | | (1,394.01) | | - -12.13% | | 12,885.13 |
| 200209 | | 1555 | | NOT AVAIL. | | NOT AVAIL. | | 5,505.13 | | 0.00 | | 0.00% | | 711.10 | | (2,219.05) | | - -40.31% | | 7,724.18 |
| 200209 | | 2113 | | NOT AVAIL. | | NOT AVAIL. | | 33,159.46 | | (487.86) | | - -1.47% | | 1,065.20 | | (5,925.43) | | - -17.87% | | 39,084.89 |
| 200209 | | 2236 | | NOT AVAIL. | | NOT AVAIL. | | 2,191.41 | | 0.00 | | 0.00% | | 546.98 | | (2,008.84) | | - -91.67% | | 4,200.25 |
| 200209 | | 278 | | NOT AVAIL. | | NOT AVAIL. | | 15,988.68 | | 0.00 | | 0.00% | | 3,418.39 | | (4,809.23) | | - -30.08% | | 20,797.91 |
| 200209 | | 777 | | NOT AVAIL. | | NOT AVAIL. | | 47,759.62 | | 0.00 | | 0.00% | | 1,896.96 | | (4,457.71) | | - -9.33% | | 52,217.33 |
| 200208 | | 1148 | | NOT AVAIL. | | NOT AVAIL. | | 18,256.03 | | 0.00 | | 0.00% | | 113.85 | | (2,377.65) | | - -13.02% | | 20,633.68 |
| 200208 | | 1417 | | NOT AVAIL. | | NOT AVAIL. | | 145,603.64 | | 130,578.47 | | 89.68% | | 11,733.61 | | 106,313.40 | | 73.02% | | 39,290.24 |
| 200207 | | 2467 | | NOT AVAIL. | | NOT AVAIL. | | 64,184.63 | | 65,120.23 | | 101.46% | | 471.44 | | 61,636.80 | | 96.03% | | 2,547.83 |
| 200207 | | 66 | | NOT AVAIL. | | NOT AVAIL. | | 46,104.18 | | 45,240.62 | | 98.13% | | 247.70 | | 42,217.34 | | 91.57% | | 3,886.84 |
| 200206 | | 1191 | | NOT AVAIL. | | NOT AVAIL. | | 37,541.43 | | 0.00 | | 0.00% | | 105.90 | | (3,171.82) | | - -8.45% | | 40,713.25 |
| 200206 | | 1387 | | NOT AVAIL. | | NOT AVAIL. | | 28,279.83 | | 0.00 | | 0.00% | | 29.45 | | (2,414.41) | | - -8.54% | | 30,694.24 |
| 200206 | | 432 | | NOT AVAIL. | | NOT AVAIL. | | 11,143.35 | | (285.14) | | - -2.56% | | 121.50 | | (1,366.46) | | - -12.26% | | 12,509.81 |
| 200206 | | 999 | | NOT AVAIL. | | NOT AVAIL. | | 70,000.00 | | 0.00 | | 0.00% | | 107.95 | | (5,824.59) | | - -8.32% | | 75,824.59 |
| 200205 | | 1298 | | NOT AVAIL. | | NOT AVAIL. | | 86,200.00 | | 34,172.11 | | 39.64% | | 200.00 | | 29,080.25 | | 33.74% | | 57,119.75 |
| 200205 | | 406 | | NOT AVAIL. | | NOT AVAIL. | | 105,699.92 | | 106,047.30 | | 100.33% | | 7,102.74 | | 92,533.92 | | 87.54% | | 13,166.00 |
| 200205 | | 976 | | NOT AVAIL. | | NOT AVAIL. | | 34,031.90 | | 0.00 | | 0.00% | | 165.90 | | (2,122.74) | | - -6.24% | | 36,154.64 |
| 200204 | | 1160 | | NOT AVAIL. | | NOT AVAIL. | | 25,507.59 | | 0.00 | | 0.00% | | 0.00 | | 0.00 | | 0.00% | | 26,936.09 |
| 200204 | | 986 | | NOT AVAIL. | | NOT AVAIL. | | 9,210.01 | | 0.00 | | 0.00% | | 0.00 | | 0.00 | | 0.00% | | 9,737.00 |
| 200201 | | 1377 | | NOT AVAIL. | | NOT AVAIL. | | 28,354.03 | | 0.00 | | 0.00% | | 814.34 | | (814.34) | | - -2.87% | | 29,168.37 |
| CURRENT TOTAL | | 128,630.44 | | (405.71) | | 5,974.21 | | (17,590.81) | | 146,221.25 |
| CUMULATIVE | | 954,842.40 | | 379,980.02 | | 35,587.51 | | 275,284.62 | | 681,513.27 |
| * AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC.. |
| 10/23/2002 - 09:11 (G579-G589) 2002 LASALLE BANK N.A. | | PAGE 7 OF 7 |
