-----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, H6BRR2JVzrNeLl0SC1UeaariBMhqGNBcVlhp5EChm7mygj/aLIw3jWite7G6JqET 0zeIqk7TG5eVYhifEiC1Dw== 0001056404-02-001497.txt : 20021206 0001056404-02-001497.hdr.sgml : 20021206 20021206132617 ACCESSION NUMBER: 0001056404-02-001497 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS AS BCK SEC TR 2001-AC1 AS-BCK CER SER 2001-AC1 CENTRAL INDEX KEY: 0001158443 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56242-02 FILM NUMBER: 02850706 BUSINESS ADDRESS: STREET 1: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 8-K 1 bsa01ac1.txt NOVEMBER 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): November 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2001-AC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56242-02 Pooling and Servicing Agreement) (Commission 52-2316422 (State or other File Number) 52-2316423 jurisdiction 52-2316421 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 November 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2001-AC1 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 Asset-Backed Certificates, Series 2001-AC1 Trust, relating to the November 25, 2002 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 ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2001-AC1 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: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2001-AC1 Trust, relating to the November 25, 2002 distribution. EX-99.1
Bear Stearns Asset Backed Securities Asset-Backed Certificates Record Date: 10/31/02 Distribution Date: 11/25/02 BSA Series: 2001-AC1 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 A-IO 07384YAS5 IO 8.00000% 0.00 161,333.33 0.00 I-A1 07384YAM8 SEN 1.98000% 0.00 0.00 0.00 I-A2 07384YAN6 SEN 5.64000% 36,637,703.80 172,197.21 5,839,624.32 I-A3 07384YAP1 SEN 6.35000% 16,107,000.00 85,232.88 0.00 I-A4 07384YAQ9 SEN 6.90000% 24,405,000.00 140,328.75 0.00 I-A5 07384YAW6 SEN 7.14133% 13,250,000.00 78,852.23 0.00 II-A 07384YAR7 SEN 7.00000% 43,442,661.88 253,415.53 2,340,907.25 M-1 07384YAT3 SUB 6.85000% 4,841,000.00 27,634.04 0.00 M-2 07384YAU0 SUB 7.00000% 4,236,000.00 24,710.00 0.00 B 07384YAV8 SUB 7.00000% 3,025,000.00 17,645.83 0.00 B-IO BSA1ACBIO IO 0.00000% 605,159.64 36,875.08 0.00 P BSA01AC1P SUB 0.00000% 100.00 6,109.44 0.00 R-1 BSA01ACR1 RES 0.00000% 0.00 0.00 0.00 R-2 BSA01ACR2 RES 0.00000% 0.00 0.00 0.00 R-3 BSA01ACR3 RES 0.00000% 0.00 0.00 0.00 Totals 146,549,625.32 1,004,334.32 8,180,531.57
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 161,333.33 0.00 I-A1 0.00 0.00 0.00 0.00 I-A2 0.00 30,798,079.48 6,011,821.53 0.00 I-A3 0.00 16,107,000.00 85,232.88 0.00 I-A4 0.00 24,405,000.00 140,328.75 0.00 I-A5 0.00 13,250,000.00 78,852.23 0.00 II-A 0.00 41,101,754.63 2,594,322.78 0.00 M-1 0.00 4,841,000.00 27,634.04 0.00 M-2 0.00 4,236,000.00 24,710.00 0.00 B 0.00 3,025,000.00 17,645.83 0.00 B-IO 0.00 605,159.64 36,875.08 0.00 P 0.00 100.00 6,109.44 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 138,369,093.75 9,184,865.89 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) A-IO 0.00 0.00 0.00 0.00 0.00 0.00 I-A1 38,552,000.00 0.00 0.00 0.00 0.00 0.00 I-A2 40,056,000.00 36,637,703.80 0.00 5,839,624.32 0.00 0.00 I-A3 16,107,000.00 16,107,000.00 0.00 0.00 0.00 0.00 I-A4 24,405,000.00 24,405,000.00 0.00 0.00 0.00 0.00 I-A5 13,250,000.00 13,250,000.00 0.00 0.00 0.00 0.00 II-A 97,591,000.00 43,442,661.88 0.00 2,340,907.25 0.00 0.00 M-1 4,841,000.00 4,841,000.00 0.00 0.00 0.00 0.00 M-2 4,236,000.00 4,236,000.00 0.00 0.00 0.00 0.00 B 3,025,000.00 3,025,000.00 0.00 0.00 0.00 0.00 B-IO 756.67 605,159.64 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 242,063,856.67 146,549,625.32 0.00 8,180,531.57 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 A-IO 0.00 0.00 0.00000000 0.00 I-A1 0.00 0.00 0.00000000 0.00 I-A2 5,839,624.32 30,798,079.48 0.76887556 5,839,624.32 I-A3 0.00 16,107,000.00 1.00000000 0.00 I-A4 0.00 24,405,000.00 1.00000000 0.00 I-A5 0.00 13,250,000.00 1.00000000 0.00 II-A 2,340,907.25 41,101,754.63 0.42116337 2,340,907.25 M-1 0.00 4,841,000.00 1.00000000 0.00 M-2 0.00 4,236,000.00 1.00000000 0.00 B 0.00 3,025,000.00 1.00000000 0.00 B-IO 0.00 605,159.64 799.76692614 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 8,180,531.57 138,369,093.75 0.57162228 8,180,531.57
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A1 38,552,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A2 40,056,000.00 914.66206810 0.00000000 145.78650689 0.00000000 I-A3 16,107,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A4 24,405,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A5 13,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A 97,591,000.00 445.15028927 0.00000000 23.98691734 0.00000000 M-1 4,841,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 4,236,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 3,025,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 756.67 799766.92613689 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A2 0.00000000 145.78650689 768.87556121 0.76887556 145.78650689 I-A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A 0.00000000 23.98691734 421.16337193 0.42116337 23.98691734 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 799,766.92613689 799.76692614 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 A-IO 0.00 8.00000% 24,200,000.00 161,333.33 0.00 0.00 I-A1 38,552,000.00 1.98000% 0.00 0.00 0.00 0.00 I-A2 40,056,000.00 5.64000% 0.00 172,197.21 0.00 0.00 I-A3 16,107,000.00 6.35000% 0.00 85,232.88 0.00 0.00 I-A4 24,405,000.00 6.90000% 0.00 140,328.75 0.00 0.00 I-A5 13,250,000.00 7.14133% 0.00 78,852.23 0.00 0.00 II-A 97,591,000.00 7.00000% 0.00 253,415.53 0.00 0.00 M-1 4,841,000.00 6.85000% 0.00 27,634.04 0.00 0.00 M-2 4,236,000.00 7.00000% 0.00 24,710.00 0.00 0.00 B 3,025,000.00 7.00000% 0.00 17,645.83 0.00 0.00 B-IO 756.67 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 242,063,856.67 961,349.80 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 A-IO 0.00 0.00 161,333.33 0.00 24,200,000.00 I-A1 0.00 0.00 0.00 0.00 0.00 I-A2 0.00 0.00 172,197.21 0.00 0.00 I-A3 0.00 0.00 85,232.88 0.00 0.00 I-A4 0.00 0.00 140,328.75 0.00 0.00 I-A5 0.00 0.00 78,852.23 0.00 0.00 II-A 0.00 0.00 253,415.53 0.00 0.00 M-1 0.00 0.00 27,634.04 0.00 0.00 M-2 0.00 0.00 24,710.00 0.00 0.00 B 0.00 0.00 17,645.83 0.00 0.00 B-IO 0.00 0.00 36,875.08 0.00 0.00 P 0.00 0.00 6,109.44 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,004,334.32 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 A-IO 0.00 8.00000% 1000.00000000 6.66666653 0.00000000 0.00000000 I-A1 38,552,000.00 1.98000% 0.00000000 0.00000000 0.00000000 0.00000000 I-A2 40,056,000.00 5.64000% 0.00000000 4.29891177 0.00000000 0.00000000 I-A3 16,107,000.00 6.35000% 0.00000000 5.29166698 0.00000000 0.00000000 I-A4 24,405,000.00 6.90000% 0.00000000 5.75000000 0.00000000 0.00000000 I-A5 13,250,000.00 7.14133% 0.00000000 5.95111170 0.00000000 0.00000000 II-A 97,591,000.00 7.00000% 0.00000000 2.59671004 0.00000000 0.00000000 M-1 4,841,000.00 6.85000% 0.00000000 5.70833299 0.00000000 0.00000000 M-2 4,236,000.00 7.00000% 0.00000000 5.83333333 0.00000000 0.00000000 B 3,025,000.00 7.00000% 0.00000000 5.83333223 0.00000000 0.00000000 B-IO 756.67 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All denominations are per $1,000.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-IO 0.00000000 0.00000000 6.66666653 0.00000000 1000.00000000 I-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A2 0.00000000 0.00000000 4.29891177 0.00000000 0.00000000 I-A3 0.00000000 0.00000000 5.29166698 0.00000000 0.00000000 I-A4 0.00000000 0.00000000 5.75000000 0.00000000 0.00000000 I-A5 0.00000000 0.00000000 5.95111170 0.00000000 0.00000000 II-A 0.00000000 0.00000000 2.59671004 0.00000000 0.00000000 M-1 0.00000000 0.00000000 5.70833299 0.00000000 0.00000000 M-2 0.00000000 0.00000000 5.83333333 0.00000000 0.00000000 B 0.00000000 0.00000000 5.83333223 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 48733.37121863 0.00000000 0.00000000 P 0.00000000 0.00000000 61094.40000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 9,141,646.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 108,720.88 Realized Losses (35,241.64) Prepayment Penalties 0.00 Total Deposits 9,215,126.05 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 30,260.16 Payment of Interest and Principal 9,184,865.89 Total Withdrawals (Pool Distribution Amount) 9,215,126.05 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 271.00 Servicing Fee Support 271.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 30,531.16 Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 271.00 Net Servicing Fee 30,260.16
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 2 0 0 2 371,086.48 0.00 0.00 371,086.48 30 Days 16 0 0 0 16 2,471,836.10 0.00 0.00 0.00 2,471,836.10 60 Days 8 2 0 0 10 1,285,537.82 231,895.73 0.00 0.00 1,517,433.55 90 Days 7 0 0 0 7 1,853,681.98 0.00 0.00 0.00 1,853,681.98 120 Days 1 3 4 0 8 79,499.36 367,944.35 390,858.41 0.00 838,302.12 150 Days 2 2 6 0 10 677,486.45 381,986.79 1,084,243.87 0.00 2,143,717.11 180+ Days 5 1 13 9 28 703,662.94 153,472.99 2,389,972.53 1,329,182.97 4,576,291.43 Totals 39 10 23 9 81 7,071,704.65 1,506,386.34 3,865,074.81 1,329,182.97 13,772,348.77 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 0.238095% 0.000000% 0.000000% 0.238095% 0.268055% 0.000000% 0.000000% 0.268055% 30 Days 1.904762% 0.000000% 0.000000% 0.000000% 1.904762% 1.785537% 0.000000% 0.000000% 0.000000% 1.785537% 60 Days 0.952381% 0.238095% 0.000000% 0.000000% 1.190476% 0.928611% 0.167510% 0.000000% 0.000000% 1.096122% 90 Days 0.833333% 0.000000% 0.000000% 0.000000% 0.833333% 1.339012% 0.000000% 0.000000% 0.000000% 1.339012% 120 Days 0.119048% 0.357143% 0.476190% 0.000000% 0.952381% 0.057427% 0.265786% 0.282338% 0.000000% 0.605550% 150 Days 0.238095% 0.238095% 0.714286% 0.000000% 1.190476% 0.489384% 0.275929% 0.783206% 0.000000% 1.548519% 180+ Days 0.595238% 0.119048% 1.547619% 1.071429% 3.333333% 0.508293% 0.110862% 1.726403% 0.960139% 3.305696% Totals 4.642857% 1.190476% 2.738095% 1.071429% 9.642857% 5.108264% 1.088142% 2.791947% 0.960139% 9.948491%
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 2 0 0 2 371,086.48 0.00 0.00 371,086.48 30 Days 15 0 0 0 15 2,196,491.73 0.00 0.00 0.00 2,196,491.73 60 Days 7 2 0 0 9 972,815.38 231,895.73 0.00 0.00 1,204,711.11 90 Days 4 0 0 0 4 520,183.18 0.00 0.00 0.00 520,183.18 120 Days 1 3 4 0 8 79,499.36 367,944.35 390,858.41 0.00 838,302.12 150 Days 1 2 4 0 7 169,113.48 381,986.79 454,244.83 0.00 1,005,345.10 180 Days 5 1 10 7 23 703,662.94 153,472.99 1,175,901.84 622,251.27 2,655,289.04 Totals 33 10 18 7 68 4,641,766.07 1,506,386.34 2,021,005.08 622,251.27 8,791,408.76 0-29 Days 0.275103% 0.000000% 0.000000% 0.275103% 0.404598% 0.000000% 0.000000% 0.404598% 30 Days 2.063274% 0.000000% 0.000000% 0.000000% 2.063274% 2.394852% 0.000000% 0.000000% 0.000000% 2.394852% 60 Days 0.962861% 0.275103% 0.000000% 0.000000% 1.237964% 1.060668% 0.252838% 0.000000% 0.000000% 1.313506% 90 Days 0.550206% 0.000000% 0.000000% 0.000000% 0.550206% 0.567160% 0.000000% 0.000000% 0.000000% 0.567160% 120 Days 0.137552% 0.412655% 0.550206% 0.000000% 1.100413% 0.086679% 0.401173% 0.426156% 0.000000% 0.914007% 150 Days 0.137552% 0.275103% 0.550206% 0.000000% 0.962861% 0.184386% 0.416483% 0.495267% 0.000000% 1.096136% 180 Days 0.687758% 0.137552% 1.375516% 0.962861% 3.163686% 0.767209% 0.167333% 1.282095% 0.678445% 2.895082% Totals 4.539202% 1.375516% 2.475928% 0.962861% 9.353508% 5.060953% 1.642425% 2.203517% 0.678445% 9.585341% 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 1 0 0 0 1 275,344.37 0.00 0.00 0.00 275,344.37 60 Days 1 0 0 0 1 312,722.44 0.00 0.00 0.00 312,722.44 90 Days 3 0 0 0 3 1,333,498.80 0.00 0.00 0.00 1,333,498.80 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 2 0 3 508,372.97 0.00 629,999.04 0.00 1,138,372.01 180 Days 0 0 3 2 5 0.00 0.00 1,214,070.69 706,931.70 1,921,002.39 Totals 6 0 5 2 13 2,429,938.58 0.00 1,844,069.73 706,931.70 4,980,940.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.884956% 0.000000% 0.000000% 0.000000% 0.884956% 0.589358% 0.000000% 0.000000% 0.000000% 0.589358% 60 Days 0.884956% 0.000000% 0.000000% 0.000000% 0.884956% 0.669364% 0.000000% 0.000000% 0.000000% 0.669364% 90 Days 2.654867% 0.000000% 0.000000% 0.000000% 2.654867% 2.854276% 0.000000% 0.000000% 0.000000% 2.854276% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.884956% 0.000000% 1.769912% 0.000000% 2.654867% 1.088143% 0.000000% 1.348476% 0.000000% 2.436619% 180 Days 0.000000% 0.000000% 2.654867% 1.769912% 4.424779% 0.000000% 0.000000% 2.598647% 1.513146% 4.111793% Totals 5.309735% 0.000000% 4.424779% 1.769912% 11.504425% 5.201141% 0.000000% 3.947123% 1.513146% 10.661410%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 108,720.88
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 8.762414% Weighted Average Net Coupon 8.512415% Weighted Average Pass-Through Rate 8.486352% Weighted Average Maturity(Stepdown Calculation ) 319 Beginning Scheduled Collateral Loan Count 886 Number Of Loans Paid In Full 46 Ending Scheduled Collateral Loan Count 840 Beginning Scheduled Collateral Balance 146,549,625.32 Ending Scheduled Collateral Balance 138,369,093.75 Ending Actual Collateral Balance at 31-Oct-2002 138,436,563.68 Monthly P &I Constant 1,170,476.15 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 35,241.64 Cumulative Realized Loss 140,918.86 Ending Scheduled Balance for Premium Loans 138,369,093.75 Scheduled Principal 106,478.46 Unscheduled Principal 8,074,053.11 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 35,241.64 Overcollateralized reduction Amount 0.00 Specified O/C Amount 605,159.64 Overcollateralized Amount 605,159.64 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 35,241.64 Excess Cash Amount 78,226.16
Miscellaneous Reporting 3 Month Rolling Delinquency Average 7.765841%
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 8.785784 8.715926 8.762414 Weighted Average Net Rate 8.535784 8.465926 8.512415 Weighted Average Maturity 313 327 319 Beginning Loan Count 767 119 886 Loans Paid In Full 40 6 46 Ending Loan Count 727 113 840 Beginning Scheduled Balance 97,524,756.21 49,024,869.11 146,549,625.32 Ending scheduled Balance 91,675,047.29 46,694,046.46 138,369,093.75 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal And Interest Constant 785,442.62 385,033.53 1,170,476.15 Scheduled Principal 71,416.42 35,062.04 106,478.46 Unscheduled Principal 5,778,292.50 2,295,760.61 8,074,053.11 Scheduled Interest 714,026.20 356,080.93 1,070,107.13 Servicing Fees 20,317.65 10,213.51 30,531.16 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 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 693,708.55 345,867.42 1,039,575.97 Realized Loss Amount 35,241.64 0.00 35,241.64 Cumulative Realized Loss 37,054.94 103,863.92 140,918.86 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 8.535784 8.465926 8.486352
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