Bear Stearns Asset Backed Securities Trust Asset-Backed Certificates, Series

Asset-Backed Certificates, Series 24-2 Monthly Report for Distribution dated Oct 25, 216 Global Corporate Trust Services

Asset-Backed Certificates, Series 24-2 DISTRIBUTION PACKAGE Distribution Date: Oct 25, 216 TABLE OF CONTENTS Statement to Certificateholders Page 1 Remittance Summary Group Page 5 Delinquency Report Page 6 Prepayment & Liquidation Loan Detail Report Page 7 Substitution In/Out Loan Detail Report Page 8 DATES First Distribution Date: October 25, 24 Settlement Date: September 3, 24 Cutoff Date: September 1, 24 PARTIES TO THE TRANSACTION Servicer(s): JPMorgan Chase Bank, N.A. Certificate Insurer(s): Underwriter(s): Bear, Stearns & Co. ADMINISTRATOR Name: Title: Phone: Fax: Email: Address: Savas Apostolakis Account Administrator 312-332-742 Savas.Apostolakis@usbank.com 19 S. LaSalle St. 7th Fl., Chicago, IL 663 Website: The Trustee, at the direction of the Depositor, and based upon information provided in the Mortgage Loan Schedule or by the Servicer, is furnishing this information to each Certificateholder. The Depositor and/or the Servicer may discontinue the furnishing of this Supplemental Report (other than the Payment Date Statement), or may change its format, at any time and without notice to any Certificateholder. While the above parties have undertaken efforts to ensure the reasonable accuracy of this information, this information has not been audited and the parties make no representation as to the accuracy or completeness of the information.

Bear Stearns Asset Backed Securities Trust Asset-Backed Asset-Backed Certificates, Certificates Series 24-2 STATEMENT TO Series CERTIFICATEHOLDERS 24-2 STATEMENT Distribution TO CERTIFICATEHOLDERS Date: Oct 25, 216 Distribution Date: Oct 25, 216 Determination Date 14-Oct-16 Accrual Periods: Begin End Record Date - Non Book-Entry Certificates 3-Sep-16 Libor Certificates 9/26/216 1/24/216 Record Date - Book-Entry Certificates 24-Oct-16 Others 9/1/216 9/3/216 Payment Detail: Pass Applied Applied Realized Through Original Beginning Principal Interest Total Realized Loss Loss Amount Ending Class Rate (1) Balance Balance Paid Paid Paid Amount Recovered Balance A-1 1.52528% 68,, 844,871.26 75,377.54 1,38.9 76,415.63 769,493.72 A-2 1.28528% 99,838, A-3 1.72528% 28,662, 1,596,558.2 142,441.38 2,218.91 144,66.29 1,454,116.82 A-4 1.1528% 6,, A-5 2.2528% 15,, 931,843.3 83,136.99 1,52.28 84,657.27 848,76.31 A-IO % 3,94, M-1 1.72528% 11,293, 1,736,642.93 14,921.88 14,921.88 1,736,642.93 M-2 3.37528% 15,6, 2,748,867.93 7,474.1 7,474.1 2,748,867.93 M-3 6.52528% 9,282, 1,626,937.4 8,551.96 8,551.96 1,626,937.4 B 6.52528% 2,321, B-IO % 39,42,64.68 19,455,772.16 19,77,298.39 R-1 % 5 R-2 % 5 R-3 % 5 Totals: 39,42,15 18,485,721.2 3,955.91 35,725.22 336,681.13 18,184,765.11 (1) Reflects the application of Net Funds Cap Amounts Per 1,: Applied Beginning Principal Interest Realized Loss Ending Class Cusip Balance Paid Paid Amount Balance Index Value A-1 73879GX 12.42457735 1.1849324.152663 11.3168412 LIBOR.52528% A-2 73879HX9 A-3 73879HY7 55.7295862 4.96969437.7741644 5.73326425 A-4 73879HZ4 A-5 73879JA7 62.12288667 5.542466.11352 56.584267 A-IO 73879GY8 M-1 73879GZ5 95.73434251 1.32133888 95.73434251 M-2 73879HA9 183.18458816.498741 183.18458816 M-3 73879HB7 175.27875458.92134885 175.27875458 B 73879HC5 B-IO 9ABSS4578 62.88172627 61.658486 R-1 9ABSS4586 R-2 9ABSS4594 R-3 9ABSS462 Page 1 of 8

Bear Stearns Asset Backed Securities Trust Asset-Backed Certificates, Series 24-2 Asset-Backed Certificates STATEMENT TO Series CERTIFICATEHOLDERS 24-2 STATEMENT Distribution TO CERTIFICATEHOLDERS Date: Oct 25, 216 Distribution Date: Oct 25, 216 Interest Detail: Index + Interest Allocation of Yield Maintenance Total Cumulative Margin or Accrued @ Net PPIS & Basis Risk Basis Risk Basis Risk Agreements Interest Interest Class Fix Rate PT Rate (1) Relief Act Paid Unpaid Allocations Paid (2) Shortfall A-1 1.52528% 1,38.9 1,38.9 A-2 1.28528% A-3 1.72528% 2,218.91 2,218.91 A-4 1.1528% A-5 2.2528% 1,52.28 1,52.28 A-IO % M-1 1.72528% 24,952.85 14,921.88 1,3.97 M-2 3.37528% 15,45.26 7,474.1 7,931.16 M-3 6.52528% 17,955.99 8,551.96 9,44.3 B 6.52528% B-IO N/A R-1 N/A R-2 N/A R-3 N/A (1) Includes interest shortfalls from previous payments dates plus interest thereon (2) Includes Applied Realized Loss Amount Paid Applied Loss Detail: Begin Applied Applied Realized Applied Realized Current Applied Outstanding Realized Loss Loss Amount Loss Amount Realized Loss Applied Realized Class Amount Recovered Paid Amount Loss Amount A-1 A-2 A-3 A-4 A-5 A-IO NA NA NA NA NA M-1 M-2 M-3 B B-IO NA NA NA NA R-1 R-2 R-3 Page 2 of 8

Bear Stearns Asset Backed Securities Trust Asset-Backed Certificates, Series 24-2 Asset-Backed Certificates STATEMENT TO Series CERTIFICATEHOLDERS 24-2 STATEMENT Distribution TO CERTIFICATEHOLDERS Date: Oct 25, 216 Distribution Date: Oct 25, 216 CREDIT ENHANCEMENT AND TRIGGERS Trigger Event: Stepdown Date: Relevant information: Relevant information: A) Current Balance of Loans 6+ days delinq, Bankruptcies, Foreclosures and REOs 6,194,893.99 Current Specified Enhancement Percentage 83.75926% B) Ending Collateral Balance 19,77,298.39 Current Specified Enhancement Percentage for purposes of SD 83.75926% C) Current Delinquency Rate (A/B) 32.4726% D) Current Specified Enhancement % 83.75926% (ii) The later to occur of (a) October 27 YES E) Delinquency Event Threshold % 5% (b) Date when Current Specified Enhancement % >= 28.2% YES F) Delinquency Event Threshold % multiplied by Current Specified Enhancement % 41.87963% YES G) Cumulative Realized Losses 24,819,143.28 H) Original Collateral Balance 39,42,64.68 I) Cumulative Realized Loss % ( G / H) 8.2163% J) Applicable Cumulative Loss Limit % 7.35% Excess Interest Distributions: K) Three Month Rolling Average Delinquency Percent (Aggregate) 32.42293% Excess available interest 25,977.76 Excess Cashflow Amount : A Trigger Event will occur if either (1) or (2) is True: Excess Yield Maintenance Amount 1) Delinquency percentage equals or exceeds applicable limit (K > = F). NO (A): 25,977.76 2) Cumulative Loss % exceeds applicable limit (I > J). YES YES 1) As additional principal to certificates 25,977.76 2) Interest Carry Forward Optional Termination Date: YES 3) Reimburse Realized Losses 4) Basis Risk Shortfall Carry Forward 5) Class B-IO Distribution Amount 6) Remaining amounts to Class R-III Overcollateralization: (B): 25,977.76 Ending Overcollateralization Amount 892,533.27 Target Overcollateralization Amount 1,547,13.2 (A)-(B): Overcollateralization amount per PSA 866,555.51 Overcollateralization release amount Page 4 of 8

Asset-Backed Certificates, Series 24-2 COLLATERAL / REMITTANCE SUMMARY - GROUP Distribution Date: Oct 25, 216 POOL BALANCE INFORMATION: Beginning Balance Less: Principal Remittance Plus: Negative Amortization Plus: Draws (If Applicable) Less: Net Realized Losses Ending Balance PRINCIPAL REMITTANCE: Scheduled Principal Prepayments Curtailments Net Liquidation Proceeds Repurchase Principal Total Principal Remittance (A) INTEREST REMITTANCE: Gross Interest Less: Total Retained Fees Less: Deferred Interest Less: Relief Act Interest Shortfall Less: Net Prepayment Interest Shortfall Less: Net Nonrecoverable Advances Less: Interest Loss Net Interest Remittance From Servicer(s) (B) Prepayment Premiums (C) Other Funds (D) REMITTANCE TO TRUST (A+B+C+D): OTHER INFORMATION: Beginning Loan Count Ending Loan Count Ending Pool Factor Weighted Average Coupon Weighted Average Net Coupon Weighted Average Maximum Net Coupon Liquidated Loans - Balance Negative Amortization - Count Negative Amortization - Balance Substitution In Loans Substitution Out Loans Substitution Adjustment - Principal Loans w/ Prepayment Penalties - Balance Loans w/ Prepayment Penalties - Count Repurchase Loans - Count Subsequent Recoveries NON-RETAINED FEES: Excess Servicing Fee RETAINED FEES: Servicing Fee LPMI Special Servicing Fee Additional Master Servicing Fee Backup Servicing Fee Supplemental Insurance Fee Retained Interest 19,455,772.16 274,978.14 13,495.63 19,77,298.39 14,251.1 641.45-25,297.41 195,383.9 274,978.14 16,133.83 6,636.36 38,783.97 6,713.5 1,278.95 336,97.59 369 363.61658486 8.5679% 7.54679% 1797% 298,878.72 6,636.36 Page 5 of 8

Asset-Backed Certificates, Series 24-2 DELINQUENCY SUMMARY REPORT Distribution Date: Oct 25, 216 Delinquent Bankruptcy Foreclosure REO TOTAL Loan Count Sched Bal Percentage* Actual Bal Loan Count Sched Bal Percentage* Actual Bal Loan Count Sched Bal Percentage* Actual Bal Loan Count Sched Bal Percentage* Actual Bal Loan Count Sched Bal Percentage* Actual Bal Current 3-59 days 6-89 days 9-119 days 12 + days TOTAL 261 17 8 4 1 3 11,77,791.83 1,111,612.57 359,222.87 33,339.81 756,26.6 14,327,993.14 61.7% 5.83% 1.88% 1.73% 3.96% 75.1% 12,247,728.15 1,126,998.23 363,475.72 353,221.61 765,329.93 14,856,753.64 3 1 1 14 9,48.27 38,481.58 668,432.66 796,962.51.47%.2% % % 3.5% 4.18% 9,668.94 39,9.59 79,195.62 919,874.15 42 42 3,432,88.32 3,432,88.32 % % % % 17.99% 17.99% 3,824,989.24 3,824,989.24 7 7 52,254.42 52,254.42 % % % % 2.73% 2.73% 551,17.25 551,17.25 264 18 8 4 69 363 11,86,84.1 1,15,94.15 359,222.87 33,339.81 5,376,81.46 19,77,298.39 62.17% 6.3% 1.88% 1.73% 28.18% 1% 12,338,397.9 1,166,7.82 363,475.72 353,221.61 5,931,532.4 2,152,634.28 12 + days 9-119 days 6-89 days Current 62.2% 3-59 days 6.% 6-89 days 1.9% 9-119 days 1.7% 12 + days 28.2% Total: 1.% Current 3-59 days * Percentages are based on scheduled balance as a percent of total pool scheduled balance. 3-59 days 6-89 days 9-119 days 12 + days TOTAL Count Balance ($) % of Bal* Count Balance ($) % of Bal* Count Balance ($) % of Bal* Count Balance ($) % of Bal* Count Balance ($) % of Bal* Delinquent 17 1,111,612.57 15.4% 8 359,222.87 4.98% 4 33,339.81 4.58% 1 756,26.6 1.48% 39 2,557,21.31 35.44% Bankruptcy 1 38,481.58.53% % % 1 668,432.66 9.26% 11 76,914.24 9.8% Foreclosure % % % 42 3,432,88.32 47.56% 42 3,432,88.32 47.56% REO % % % 7 52,254.42 7.21% 7 52,254.42 7.21% TOTAL 18 1,15,94.15 15.94% 8 359,222.87 4.98% 4 33,339.81 4.58% 69 5,376,81.46 74.51% 99 7,216,458.29 1% % 8 7 6 5 4 3 2 1 74.51 4.58 4.98 15.94 8 7 6 5 4 3 12 % % 5 4 3 2 1 7.21 47.56 9.8 35.44 % 5 4 3 2 1 3-59 days Delinquent 6-89 days Bankruptcy Group 9-119 days Group Foreclosure 12 + days REO Distribution of Delinquencies By Group and Days. (total 1%) Distribution of Delinquencies By Group and Status Type. (total 1%) * Percentages are based on scheduled balance as a percent of total delinquent scheduled balance. Page 6 of 8

Asset-Backed Certificates, Series 24-2 PREPAYMENT & LIQUIDATION LOAN DETAIL REPORT Distribution Date: Oct 25, 216 Original Group Count Balance Prepayment Liquidation Begin Balance 6 512,396.68 641.45 194,67.44 19,455,772.16 % 1.% 99.% Prepayment % Liquidation 1.% Beginning Balance 99.% Total: 1% Loan Num Original Beginning Scheduled Prepayments Liquidation Loss Add'l Loss Payoff Description Paid Off Add'l Loss Loan Loss Prepay State Lien Balance Balance Principal Incl Curtail Proceeds Date Date Rate Severit Penalty 331135 326,25 239,873.9 765.11 168,83.81 7,277.98 Liquidation 1/17/216 6.65% 29.3% NY 1 5427 23,2 17,668.35 65.2 68.35 16,994.8 Liquidation 1/17/216 12.99% 96.19% TN 1 5386164 52,46.68 39,597.11 15.44 24,963.18 14,483.49 Liquidation 1/17/216 1.8% 36.58% FL 1 5675889 29,8 1,739.36 334.9-334.9 1,739.36 Liquidation 1/17/216 12.25% 1% NJ 1 5751755 16,1 84.81 84.81 Voluntary PIF 9/19/216 1.75% TX 1 7166762 65, 1,249.92 68.47 641.45 Voluntary PIF 9/23/216 9.8% NY 1 Total: 6 512,396.68 3,213.45 2,8.93 641.45 194,67.44 13,495.63 Page 7 of 8

Asset-Backed Certificates, Series 24-2 SUBSTITUTION IN/OUT LOAN DETAIL REPORT Distribution Date: Oct 25, 216 Sub Period: # None # TOTAL SUBSTITUTIONS OUT: IN: Page 8 of 8