10-K/A 1 fnt014_10ka2002.txt DECEMBER 31, 2001 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A [X] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the period from August 1, 2001 (Commencement of Operations) to December 31, 2001 [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number 333-61840-18 CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (Exact name of registrant as specified in its charter) Delaware 13-3320910 (State or other jurisdiction of I.R.S. Employer incorporation or organization) Identification No.) 11 Madison Ave. New York, New York 10010 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code :(212)325-2000 CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. FNT MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES FNT 2001-4 (Title of each class of securities covered by this Form) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] Documents incorporated by reference: None Page 1 of 5 This report consists 13 of consecutively numbered pages. AMENDMENT NUMBER 1 OF 1 -2- CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. FNT MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES FNT 2001-4 ----------------------------------------------------------------------- PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K (a) The following documents are filed as part of this report: (1) Financial Statements: Omitted. (2) Financial Statement Schedules: Omitted. (3) Exhibits: Annual Servicer Statement of Compliance, filed as Exhibit 99.1 hereto. Annual Statement of Independent Accountants Report for the Servicer, filed as Exhibit 99.2 hereto. (b) Reports on Form 8-K: The following Current Reports on Form 8-K were filed by the Registrant during the last quarter of 2001. Current Reports on Form 8-K, dated October 22 AND 25, 2001, November 21 AND 26,2001, and December 21 AND 26, 2001, were filed for the purpose of filing the Monthly Statement sent to the Holders of the Offered Certificates for payments made on the same dates. The items reported in such Current Report were Item 5 (Other Events). (c) Exhibits to this report are listed in Item (14)(a)(3) above. -3- SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. JPMORGAN CHASE BANK, not in its individual capacity but solely as Trust Administrator under the Agreement referred to herein Date: August 22, 2002 By: /s/ Thomas M. Britt ----------------------------- Thomas M. Britt Trust Officer -4- EXHIBIT INDEX Exhibit Description Page 99.1 Servicer's Annual Statement of Compliance 6 and Officers' Certification 99.2 Servicer's Annual Independent Accountant's Report 10 -5- EXHIBIT 99.1 Servicer's Annual Statement of Compliance and Officers' Certification -6- Washington Mutual Mortgage Securities Corporation 75 North Fairway Drive Vernon Hills, IL 60061 May 16, 2002 Chase Manhattan Bank of Connecticut, N.A. 300 Tice Boulevard 3rd Floor-North WoodCliff, NJ 07675 Attn: Fran Ambrosia, Docs Control RE: ANNUAL STATEMENT AS TO COMPLIANCE FOR WAMU MORTGAGE SECURITIES CORP. MORTGAGE PASS-THROUGH CERTIFICATES Dear Ms. Ambrosia: Please be advised that, in accordance with the pooling and servicing agreements (each, an "Agreement") executed in connection with the series of mortgage pass-through certificates listed on the schedule attached to the correspondence attached to this letter. I have reviewed the activities of Washington Mutual Mortgage Securities Corp. (f/k/a PNC Mortgage Securities Corp.) (the "Master Servicer"), acting in its capacity as master servicer under each Agreement, during the preceding calendar year and its performance under the Agreements and, to the best of my knowledge, the Master Servicer has fulfilled all of its obligations under the Agreements during such year. Please find enclosed the "Report of Independent Auditors" for the year ended December 31, 2001. Sincerely, /s/ Richie Moore Richie Moore Vice President Master Servicing Division RM/aa enclosures WASHINGTON MUTUAL BANK, FA SCHEDULE OF AGREEMENTS WITH THE CHSE MANHATTAN BANK COMPANY Servicing in compliance with the terms of the agreement Description POOLING AND SERVICING AGREEMENT, dated June 1, 2001, FNT Mortgage-Backed Pass-Through Certificates, Series FNT 2001-4, between Credit Suisse First Boston Mortgage Securities Corp. (Depositor), DLJ Mortgage Capital, Inc. (Seller), Greenpoint Mortgage Funding, Inc. (Seller), First Nationwide Mortgage Corporation (Seller and Servicer), WMMSC (Seller and Servicer), Chase Manhattan Mortgage Corporation (Master Servicer), Vesta Servicing, L.P. (Special Servicer), Bank One, N.A. (Trustee), and The Chase Manhattan Bank (Chase)(Trust Administrator). -7- Chase Manhattan Mortgage Corporation 3415 Vision Drive Columbus, OH 43219 1-800-848-9136 Customer Service 1-800-582-0542 TDD/ Text Telephone Chase Manhattan Mortgage Corporation Master Servicing 1400 East Newport Center Drive Deerfield Beach, FL 33442 RE: Annual Certification Pursuant to the servicing agreement, the undersigned Officer certifies to the following: a) All hazard (or mortgage impairment, if applicable) flood or other casualty insurance and primary mortgage guaranty insurance premiums, taxes, ground rents, assessments and other changes have been paid by/in connection with the Mortgaged Properties; b) All property inspections have been completed; c) Compliance relative to Adjustable Rate Mortgages have been met; d) Compliance with IRS Foreclosure reporting regulations enacted as IRS Section 6060J by the Deficit Reduction Act, regarding Acquired and/or Abandonment property have been completed; e) All loans CMMC services in state that have statutes requiring payment of interest on escrow/impound accounts have been completed; f) That such officer has confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy, and any other bonds required under the terms of the Servicing Agreement are in full force and effect. g) Enclosed is a copy of our most recent independent audit statement. CERTIFIED BY: /s/ Lucy P. Gambino Date: March 29, 2002 ------------------------------ Lucy P. Gambino Vice President Chase Manhattan Mortgage Corporation 3415 Vision Drive Columbus, OH 43219 Exhibit I Management's Assertion Concerning Compliance With USAP Minimum Servicing Standards March 15, 2002 As of and for the year ended December 31, 2001, Chase Manhattan Mortgage Corporation ("CMMC") and Chase Mortgage Company ("CMC") and their subsidiaries (collectively, the "Group") have complied in all material respects with the mininum servicing standards (the "Standards") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). These standards are applicable only to Chase Manhattan Mortgage Corporation's prime and subprime mortgage portfolios. As of and for same period, the Group had in effect fidelity bond and errors and omissions policy in the amounts of $250,000,000 and $25,000,000 respectively. /s/ Steve Rotella -------------------------- Steve Rotella Chief Executive Officer /s/ Glenn Mouridy -------------------------- Glenn Mouridy Executive Vice President of Servicing /s/ Terry L. Gentry -------------------------- Terry L. Gentry Senior Vice President of Servicing /s/ Lucy Gambino -------------------------- Lucy Gambino Vice President of Risk Management -8- OLYMPUS Servicing, LP 9600 Great Hills Trail, Suite #200W Austin, TX 78759 Tel: 512.349.8300 Fax: 512.349.8371 www.OlympusServicing.com OFFICER CERTIFICATE A review of the activities of the Servicer during the preceding calendar year and of its performance under servicing agreements, including this Servicing Agreement has been made under such officer's supervision and to the best of such officer's knowledge. Based on such review, the Servicer has compiled in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations in all material respects throughout such year. /s/ Jeff Neal Jeff Neal Chief Operating Officer -9- EXHIBIT 99.2 Servicer's Annual Independent Accountant's Report -10- DELOITTE & TOUCHE LLP 700 Fifth Avenue, Suite 4500 Seattle, Washington 98104-5044 Tel: 206.292.1800 Fax: 206.343.7809 www.us.deloitte.com INDEPENDENT AUDITORS' REPORT ON AGREEMENTS WITH THE CHASE MANHATTAN BANK Board of Directors Washington Mutual Bank, FA We have audited, in accordance with auditing standards generally accepted in the United States of America, the consolidated statement of financial condition of Washington Mutual Bank, FA and subsidiaries (including Washington Mutual Mortgage Securities Corp. (WMMSC)) as of December 31, 2001, and the related consolidated statements of income, stockholder's equity and comprehensive income, and of cash flows for the year then ended, and have issued our report thereon dated February 19, 2002 (March 1, 2002, as to Note2)(which report expresses an unqualified opinion and includes an explanatory paragraph relating to the adoption of Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities, as amended, on January 1, 2001). In connection with our audit, nothing came to our attention that caused us to believe that WMMSC failed to comply with the terms, covenants, provisions, or conditions of the sections of the agreements between WMMSC and The Chase Manhattan Bank (Chase), as listed in the accompanying schedule, insofar as they relate to financial and accounting matters. However, our audit was not directed primarily toward obtaining knowledge of noncompliance. This report is intended solely for the information and use of the Board of Directors, management of Washington Mutual Bank FA, and Chase, and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche February 19, 2002 -11- PricewaterhouseCoopers LLP 1177 Avenue of the Americas New York, NY 10036 Telephone (646) 471-4000 Facsimile (646) 471-4100 Report of Independent Accountants To the Board of Directors and Stockholder Of Chase Manhattan Mortgage Corporation: We have examined management's assertion about Chase Manhattan Mortgage Corporation's (the "Company") compliance with the minimum servicing standards ("standards") identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year December 31, 2001 included in the accompanying management assertion (see Exhibit I). The Company performs loan subservicing functions for the residential loan servicing portfolios of its affiliates Chase Mortgage Company and Chase Mortgage Company West. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the standards. In our opinion, management's assertion that the Company complied with the aforementioned standards as of and for the year ended December 31, 2001 is fairly stated, in all material respects. /s/ PricewaterhouseCoopers LLP March 15, 2002 -12- KPMG 111 Congress Avenue, Suite 1100 Austin, TX 78701 Tel: 512.320.5200 Fax: 512.320.5100 INDEPENDENT ACCOUNTANTS' REPORT General and Limited Partners Olympus Servicing L.P. We have examined management's assertion, included in the accompanying Management Assertion, that Olympus Servicing L.P. complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation program for Mortgage Bankers as of and for the year ended December 31, 2001. Management is responsible for Olympus Servicing L.P.'s compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Partnership's compliance based on our examination. Our examination was made in accordance with attestations standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Olympus Servicing L.P.'s compliance with the minimum servicing standards specified above and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Olympus Servicing L.P.'s compliance with the minimum servicing standards. In our opinion, management's assertion that Olympus Servicing L.P. complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2001 is fairly stated, in all material respects. /s/ KPMG LLP January 25, 2002 -13-