-----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, WWrC8DjAf9DwSV2zWMWL0wXEJLScayzC3vgh/V+4Xdel0E43ZsTOWM+dj9j3RCWx nfNWrzDo3eOxihoAZLr7/Q== 0001056404-02-001086.txt : 20020905 0001056404-02-001086.hdr.sgml : 20020905 20020905101208 ACCESSION NUMBER: 0001056404-02-001086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020826 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP PASS THROUGH CERT SERIES 2002-AL1 CENTRAL INDEX KEY: 0001168950 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-82146-04 FILM NUMBER: 02757059 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sac02al1.txt AUGUST 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): August 26, 2002 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82146-04 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) 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 August 26, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-AL1 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 Mortgage Pass-Through Certificates, Series 2002-AL1 Trust, relating to the August 26 , 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. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/29/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AL1 Trust, relating to the August 26, 2002 distribution. EX-99.1
Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 SASC Series: 2002-AL1 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-1 86358RXX0 SEN 3.45000% 104,042,870.70 299,123.12 2,048,192.63 A-2 86358RXY8 SEN 3.45000% 143,619,029.16 412,904.53 2,511,401.81 A-3 86358RXZ5 SEN 3.45000% 392,078,609.63 1,127,225.53 5,006,355.91 A-PO 86358RYB7 PO 0.00000% 10,260,981.67 0.00 133,642.17 A-IO 86358RYA9 IO 3.45000% 0.00 108,859.68 0.00 B-1 86358RYC5 SUB 3.45000% 20,733,124.52 59,607.71 76,518.54 B-2 86358RYD3 SUB 3.45000% 15,844,659.65 45,553.38 58,476.97 B-3 86358RYE1 SUB 3.45000% 11,883,739.60 34,165.74 43,858.63 B-4 86358RXU6 SUB 3.45000% 9,846,471.13 28,308.59 36,339.80 B-5 86358RXV4 SUB 3.45000% 7,711,257.06 22,169.85 28,459.49 B-6 86358RXW2 SUB 3.45000% 17,573,316.05 50,523.26 63,215.24 O SAS02AL1O RES 3.45000% 100.00 0.29 0.00 Totals 733,594,159.17 2,188,441.68 10,006,461.19
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 101,994,678.06 2,347,315.75 0.00 A-2 0.00 141,107,627.35 2,924,306.34 0.00 A-3 0.00 387,072,253.72 6,133,581.44 0.00 A-PO 0.00 10,127,339.50 133,642.17 0.00 A-IO 0.00 0.00 108,859.68 0.00 B-1 0.00 20,656,605.98 136,126.25 0.00 B-2 0.00 15,786,182.68 104,030.35 0.00 B-3 0.00 11,839,880.97 78,024.37 0.00 B-4 0.00 9,810,131.33 64,648.39 0.00 B-5 0.00 7,682,797.57 50,629.34 0.00 B-6 1,641.58 17,508,459.23 113,738.50 11,356.87 O 0.00 100.00 0.29 0.00 Totals 1,641.58 723,586,056.39 12,194,902.87 11,356.87 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-1 117,197,000.00 104,042,870.70 453,771.80 1,594,420.83 0.00 0.00 A-2 155,630,000.00 143,619,029.16 533,895.24 1,977,506.58 0.00 0.00 A-3 416,837,000.00 392,078,609.63 1,374,826.07 3,631,529.84 0.00 0.00 A-PO 11,064,295.07 10,260,981.67 41,076.21 92,565.96 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 21,168,000.00 20,733,124.52 76,518.54 0.00 0.00 0.00 B-2 16,177,000.00 15,844,659.65 58,476.97 0.00 0.00 0.00 B-3 12,133,000.00 11,883,739.60 43,858.63 0.00 0.00 0.00 B-4 10,053,000.00 9,846,471.13 36,339.80 0.00 0.00 0.00 B-5 7,873,000.00 7,711,257.06 28,459.49 0.00 0.00 0.00 B-6 17,942,015.00 17,573,316.05 63,215.24 0.00 0.00 1,641.58 O 100.00 100.00 0.00 0.00 0.00 0.00 Totals 786,074,410.07 733,594,159.17 2,710,437.99 7,296,023.21 0.00 1,641.58 (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-1 2,048,192.63 101,994,678.06 0.87028404 2,048,192.63 A-2 2,511,401.81 141,107,627.35 0.90668655 2,511,401.81 A-3 5,006,355.91 387,072,253.72 0.92859380 5,006,355.91 A-PO 133,642.17 10,127,339.50 0.91531719 133,642.17 A-IO 0.00 0.00 0.00000000 0.00 B-1 76,518.54 20,656,605.98 0.97584117 76,518.54 B-2 58,476.97 15,786,182.68 0.97584117 58,476.97 B-3 43,858.63 11,839,880.97 0.97584117 43,858.63 B-4 36,339.80 9,810,131.33 0.97584117 36,339.80 B-5 28,459.49 7,682,797.57 0.97584117 28,459.49 B-6 64,856.82 17,508,459.23 0.97583573 63,215.24 O 0.00 100.00 1.00000000 0.00 Totals 10,008,102.77 723,586,056.39 0.92050580 10,006,461.19
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 117,197,000.00 887.76052885 3.87187215 13.60462153 0.00000000 A-2 155,630,000.00 922.82355047 3.43054193 12.70646135 0.00000000 A-3 416,837,000.00 940.60414414 3.29823425 8.71211011 0.00000000 A-PO 11,064,295.07 927.39588063 3.71250132 8.36618686 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 21,168,000.00 979.45599584 3.61482143 0.00000000 0.00000000 B-2 16,177,000.00 979.45599617 3.61482166 0.00000000 0.00000000 B-3 12,133,000.00 979.45599604 3.61482156 0.00000000 0.00000000 B-4 10,053,000.00 979.45599622 3.61482145 0.00000000 0.00000000 B-5 7,873,000.00 979.45599644 3.61482154 0.00000000 0.00000000 B-6 17,942,015.00 979.45052716 3.52330772 0.00000000 0.00000000 O 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are 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-1 0.00000000 17.47649368 870.28403509 0.87028404 17.47649368 A-2 0.00000000 16.13700321 906.68654726 0.90668655 16.13700321 A-3 0.00000000 12.01034436 928.59379978 0.92859380 12.01034436 A-PO 0.00000000 12.07868817 915.31719246 0.91531719 12.07868817 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.61482143 975.84117441 0.97584117 3.61482143 B-2 0.00000000 3.61482166 975.84117451 0.97584117 3.61482166 B-3 0.00000000 3.61482156 975.84117448 0.97584117 3.61482156 B-4 0.00000000 3.61482145 975.84117477 0.97584117 3.61482145 B-5 0.00000000 3.61482154 975.84117490 0.97584117 3.61482154 B-6 0.09149363 3.61480135 975.83572581 0.97583573 3.52330772 O 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 117,197,000.00 3.45000% 104,042,870.70 299,123.25 0.00 0.00 A-2 155,630,000.00 3.45000% 143,619,029.16 412,904.71 0.00 0.00 A-3 416,837,000.00 3.45000% 392,078,609.63 1,127,226.00 0.00 0.00 A-PO 11,064,295.07 0.00000% 10,260,981.67 0.00 0.00 0.00 A-IO 0.00 3.45000% 37,864,235.15 108,859.68 0.00 0.00 B-1 21,168,000.00 3.45000% 20,733,124.52 59,607.73 0.00 0.00 B-2 16,177,000.00 3.45000% 15,844,659.65 45,553.40 0.00 0.00 B-3 12,133,000.00 3.45000% 11,883,739.60 34,165.75 0.00 0.00 B-4 10,053,000.00 3.45000% 9,846,471.13 28,308.60 0.00 0.00 B-5 7,873,000.00 3.45000% 7,711,257.06 22,169.86 0.00 0.00 B-6 17,942,015.00 3.45000% 17,573,316.05 50,523.28 0.00 0.00 O 100.00 3.45000% 100.00 0.29 0.00 0.00 Totals 786,074,410.07 2,188,442.55 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-1 0.00 0.00 299,123.12 0.00 101,994,678.06 A-2 0.00 0.00 412,904.53 0.00 141,107,627.35 A-3 0.00 0.00 1,127,225.53 0.00 387,072,253.72 A-PO 0.00 0.00 0.00 0.00 10,127,339.50 A-IO 0.00 0.00 108,859.68 0.00 37,346,295.21 B-1 0.00 0.00 59,607.71 0.00 20,656,605.98 B-2 0.00 0.00 45,553.38 0.00 15,786,182.68 B-3 0.00 0.00 34,165.74 0.00 11,839,880.97 B-4 0.00 0.00 28,308.59 0.00 9,810,131.33 B-5 0.00 0.00 22,169.85 0.00 7,682,797.57 B-6 0.00 0.00 50,523.26 0.00 17,508,459.23 O 0.00 0.00 0.29 0.00 100.00 Totals 0.00 0.00 2,188,441.68 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-1 117,197,000.00 3.45000% 887.76052885 2.55231149 0.00000000 0.00000000 A-2 155,630,000.00 3.45000% 922.82355047 2.65311772 0.00000000 0.00000000 A-3 416,837,000.00 3.45000% 940.60414414 2.70423691 0.00000000 0.00000000 A-PO 11,064,295.07 0.00000% 927.39588063 0.00000000 0.00000000 0.00000000 A-IO 0.00 3.45000% 919.26096747 2.64287538 0.00000000 0.00000000 B-1 21,168,000.00 3.45000% 979.45599584 2.81593585 0.00000000 0.00000000 B-2 16,177,000.00 3.45000% 979.45599617 2.81593621 0.00000000 0.00000000 B-3 12,133,000.00 3.45000% 979.45599604 2.81593588 0.00000000 0.00000000 B-4 10,053,000.00 3.45000% 979.45599622 2.81593554 0.00000000 0.00000000 B-5 7,873,000.00 3.45000% 979.45599644 2.81593548 0.00000000 0.00000000 B-6 17,942,015.00 3.45000% 979.45052716 2.81592006 0.00000000 0.00000000 O 100.00 3.45000% 1000.00000000 2.90000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
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-1 0.00000000 0.00000000 2.55231038 0.00000000 870.28403509 A-2 0.00000000 0.00000000 2.65311656 0.00000000 906.68654726 A-3 0.00000000 0.00000000 2.70423578 0.00000000 928.59379978 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 915.31719246 A-IO 0.00000000 0.00000000 2.64287538 0.00000000 906.68651645 B-1 0.00000000 0.00000000 2.81593490 0.00000000 975.84117441 B-2 0.00000000 0.00000000 2.81593497 0.00000000 975.84117451 B-3 0.00000000 0.00000000 2.81593505 0.00000000 975.84117448 B-4 0.00000000 0.00000000 2.81593455 0.00000000 975.84117477 B-5 0.00000000 0.00000000 2.81593421 0.00000000 975.84117490 B-6 0.00000000 0.00000000 2.81591895 0.00000000 975.83572581 O 0.00000000 0.00000000 2.90000000 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-1 (a) 3.45000% 0.00 0.00 62,372,576.62 60,324,383.98 79.87159409% A-1 (b) 3.45000% 0.00 0.00 41,670,294.08 41,670,294.08 100.00000000% A-2 (1) 3.45000% 0.00 0.00 5,776,810.75 5,776,810.75 100.00000000% A-2 (2) 3.45000% 0.00 0.00 137,842,218.41 135,330,816.60 90.30893321% A-3 (1) 3.45000% 0.00 0.00 31,021,012.03 31,021,012.03 100.00000000% A-3 (2) 3.45000% 0.00 0.00 88,920,365.20 87,300,289.95 90.30893321% A-3 (3) 3.45000% 0.00 0.00 272,137,232.39 268,750,951.74 92.94597454% A-PO (1) 0.00000% 0.00 0.00 2,821,448.44 2,782,775.38 90.45317131% A-PO (2) 0.00000% 0.00 0.00 4,491,649.03 4,427,003.90 91.50147681% A-PO (3) 0.00000% 0.00 0.00 2,947,884.20 2,917,560.22 92.63167229% A-IO (1) 3.45000% 4,314,074.12 4,254,484.59 0.00 0.00 91.67235901% A-IO (2) 3.45000% 10,053,720.32 9,874,182.92 0.00 0.00 85.65095876% A-IO (3) 3.45000% 23,496,440.71 23,217,627.70 0.00 0.00 92.79441370%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 12,275,086.28 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 72,447.48 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 12,347,533.76 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 152,630.89 Payment of Interest and Principal 12,194,902.87 Total Withdrawals (Pool Distribution Amount) 12,347,533.76 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 152,630.89 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 152,630.89
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 480 0 0 0 480 13,536,131.51 0.00 0.00 0.00 13,536,131.51 60 Days 103 0 0 0 103 2,539,517.20 0.00 0.00 0.00 2,539,517.20 90 Days 37 0 0 0 37 1,223,865.61 0.00 0.00 0.00 1,223,865.61 120 Days 25 0 0 0 25 855,038.48 0.00 0.00 0.00 855,038.48 150 Days 18 0 0 0 18 419,878.56 0.00 0.00 0.00 419,878.56 180+ Days 40 0 0 0 40 1,140,275.84 0.00 0.00 0.00 1,140,275.84 Totals 703 0 0 0 703 19,714,707.20 0.00 0.00 0.00 19,714,707.20 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 2.060793% 0.000000% 0.000000% 0.000000% 2.060793% 1.870701% 0.000000% 0.000000% 0.000000% 1.870701% 60 Days 0.442212% 0.000000% 0.000000% 0.000000% 0.442212% 0.350963% 0.000000% 0.000000% 0.000000% 0.350963% 90 Days 0.158853% 0.000000% 0.000000% 0.000000% 0.158853% 0.169139% 0.000000% 0.000000% 0.000000% 0.169139% 120 Days 0.107333% 0.000000% 0.000000% 0.000000% 0.107333% 0.118167% 0.000000% 0.000000% 0.000000% 0.118167% 150 Days 0.077280% 0.000000% 0.000000% 0.000000% 0.077280% 0.058027% 0.000000% 0.000000% 0.000000% 0.058027% 180+ Days 0.171733% 0.000000% 0.000000% 0.000000% 0.171733% 0.157587% 0.000000% 0.000000% 0.000000% 0.157587% Totals 3.018204% 0.000000% 0.000000% 0.000000% 3.018204% 2.724584% 0.000000% 0.000000% 0.000000% 2.724584%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 45 0 0 0 45 1,681,352.50 0.00 0.00 0.00 1,681,352.50 60 Days 6 0 0 0 6 168,609.76 0.00 0.00 0.00 168,609.76 90 Days 2 0 0 0 2 59,466.90 0.00 0.00 0.00 59,466.90 120 Days 1 0 0 0 1 20,958.22 0.00 0.00 0.00 20,958.22 150 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 54 0 0 0 54 1,930,387.38 0.00 0.00 0.00 1,930,387.38 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.914262% 0.000000% 0.000000% 0.000000% 0.914262% 1.048865% 0.000000% 0.000000% 0.000000% 1.048865% 60 Days 0.121902% 0.000000% 0.000000% 0.000000% 0.121902% 0.105183% 0.000000% 0.000000% 0.000000% 0.105183% 90 Days 0.040634% 0.000000% 0.000000% 0.000000% 0.040634% 0.037097% 0.000000% 0.000000% 0.000000% 0.037097% 120 Days 0.020317% 0.000000% 0.000000% 0.000000% 0.020317% 0.013074% 0.000000% 0.000000% 0.000000% 0.013074% 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 1.097115% 0.000000% 0.000000% 0.000000% 1.097115% 1.204219% 0.000000% 0.000000% 0.000000% 1.204219% 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 106 0 0 0 106 3,773,405.25 0.00 0.00 0.00 3,773,405.25 60 Days 20 0 0 0 20 505,580.90 0.00 0.00 0.00 505,580.90 90 Days 9 0 0 0 9 161,754.81 0.00 0.00 0.00 161,754.81 120 Days 5 0 0 0 5 241,003.06 0.00 0.00 0.00 241,003.06 150 Days 4 0 0 0 4 76,734.73 0.00 0.00 0.00 76,734.73 180 Days 11 0 0 0 11 253,215.42 0.00 0.00 0.00 253,215.42 Totals 155 0 0 0 155 5,011,694.17 0.00 0.00 0.00 5,011,694.17 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.468958% 0.000000% 0.000000% 0.000000% 1.468958% 1.468831% 0.000000% 0.000000% 0.000000% 1.468831% 60 Days 0.277162% 0.000000% 0.000000% 0.000000% 0.277162% 0.196802% 0.000000% 0.000000% 0.000000% 0.196802% 90 Days 0.124723% 0.000000% 0.000000% 0.000000% 0.124723% 0.062964% 0.000000% 0.000000% 0.000000% 0.062964% 120 Days 0.069290% 0.000000% 0.000000% 0.000000% 0.069290% 0.093813% 0.000000% 0.000000% 0.000000% 0.093813% 150 Days 0.055432% 0.000000% 0.000000% 0.000000% 0.055432% 0.029870% 0.000000% 0.000000% 0.000000% 0.029870% 180 Days 0.152439% 0.000000% 0.000000% 0.000000% 0.152439% 0.098566% 0.000000% 0.000000% 0.000000% 0.098566% Totals 2.148004% 0.000000% 0.000000% 0.000000% 2.148004% 1.950845% 0.000000% 0.000000% 0.000000% 1.950845% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 329 0 0 0 329 8,081,373.76 0.00 0.00 0.00 8,081,373.76 60 Days 77 0 0 0 77 1,865,326.54 0.00 0.00 0.00 1,865,326.54 90 Days 26 0 0 0 26 1,002,643.90 0.00 0.00 0.00 1,002,643.90 120 Days 19 0 0 0 19 593,077.20 0.00 0.00 0.00 593,077.20 150 Days 14 0 0 0 14 343,143.83 0.00 0.00 0.00 343,143.83 180 Days 29 0 0 0 29 887,060.42 0.00 0.00 0.00 887,060.42 Totals 494 0 0 0 494 12,772,625.65 0.00 0.00 0.00 12,772,625.65 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.949614% 0.000000% 0.000000% 0.000000% 2.949614% 2.637650% 0.000000% 0.000000% 0.000000% 2.637650% 60 Days 0.690335% 0.000000% 0.000000% 0.000000% 0.690335% 0.608817% 0.000000% 0.000000% 0.000000% 0.608817% 90 Days 0.233100% 0.000000% 0.000000% 0.000000% 0.233100% 0.327249% 0.000000% 0.000000% 0.000000% 0.327249% 120 Days 0.170342% 0.000000% 0.000000% 0.000000% 0.170342% 0.193572% 0.000000% 0.000000% 0.000000% 0.193572% 150 Days 0.125516% 0.000000% 0.000000% 0.000000% 0.125516% 0.111997% 0.000000% 0.000000% 0.000000% 0.111997% 180 Days 0.259996% 0.000000% 0.000000% 0.000000% 0.259996% 0.289524% 0.000000% 0.000000% 0.000000% 0.289524% Totals 4.428904% 0.000000% 0.000000% 0.000000% 4.428904% 4.168810% 0.000000% 0.000000% 0.000000% 4.168810%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 72,447.48
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 372,522.00 0.04739017% 372,522.00 0.05148275% Fraud 23,582,230.00 2.99999971% 23,582,230.00 3.25907745% Special Hazard 24,500,000.00 3.11675329% 24,500,000.00 3.38591378% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 3.826810% Weighted Average Pass-Through Rate 3.577139% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 23,597 Number Of Loans Paid In Full 305 Ending Scheduled Collateral Loan Count 23,292 Beginning Scheduled Collateral Balance 733,594,159.16 Ending Scheduled Collateral Balance 723,586,056.38 Ending Actual Collateral Balance at 31-Jul-2002 723,586,056.38 Monthly P &I Constant 5,051,517.20 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,514,064.29 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 723,586,056.38 Scheduled Principal 2,712,079.57 Unscheduled Principal 7,296,023.21
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 3.731698 3.772993 3.922018 Weighted Average Net Rate 3.481698 3.523261 3.672571 Weighted Average Maturity 320 315 317 Beginning Loan Count 4,980 7,345 11,272 Loans Paid In Full 58 129 118 Ending Loan Count 4,922 7,216 11,154 Beginning Scheduled Balance 162,449,421.77 261,210,763.49 309,933,973.90 Ending scheduled Balance 160,302,025.72 256,898,612.63 306,385,418.03 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal And Interest Constant 1,028,720.95 1,832,437.00 2,190,359.25 Scheduled Principal 523,544.14 1,011,148.26 1,177,387.17 Unscheduled Principal 1,623,851.91 3,301,002.60 2,371,168.70 Scheduled Interest 505,176.81 821,288.74 1,012,972.08 Servicing Fees 33,843.57 54,360.68 64,426.64 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 471,333.24 766,928.06 948,545.44 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 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 3.481698 3.523261 3.672571
Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 3.826810 Weighted Average Net Rate 3.577139 Weighted Average Maturity 1 Beginning Loan Count 23,597 Loans Paid In Full 305 Ending Loan Count 23,292 Beginning Scheduled Balance 733,594,159.16 Ending scheduled Balance 723,586,056.38 Record Date 07/31/2002 Principal And Interest Constant 5,051,517.20 Scheduled Principal 2,712,079.57 Unscheduled Principal 7,296,023.21 Scheduled Interest 2,339,437.63 Servicing Fees 152,630.89 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,186,806.74 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 3.577139
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