-----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, O1bYujHxDBKXerC1al4JXZ6fOfuUlPFkgDePRFwopdZGUNUWwkahZUSNH1ADdDUf 6TVX1M6Eioa5r4p0b96VCw== 0001056404-02-001448.txt : 20021126 0001056404-02-001448.hdr.sgml : 20021126 20021126091950 ACCESSION NUMBER: 0001056404-02-001448 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021015 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MELLON RESIDENTIAL FUNDING CORP MOR PS THR CER SER 2002 TBC1 CENTRAL INDEX KEY: 0001169764 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: 333-67192-02 FILM NUMBER: 02840034 BUSINESS ADDRESS: STREET 1: ONE MELLON BANK CENTER STREET 2: ROOM 410 CITY: PITTSBURGH STATE: PA ZIP: 15258 8-K 1 mrf02bc1.txt OCTOBER 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): October 15, 2002 MELLON RESIDENTIAL FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2002-BC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-67192-02 Pooling and Servicing Agreement) (Commission 22-3844519 (State or other File Number) 22-3844520 jurisdiction IRS EIN 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 October 15, 2002 a distribution was made to holders of MELLON RESIDENTIAL FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2002-BC1 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-BC1 Trust, relating to the October 15, 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. MELLON RESIDENTIAL FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2002-BC1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/24/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-BC1 Trust, relating to the October 15, 2002 distribution. EX-99.1
Mellon Residential Funding Corporation Mortgage Pass-Through Certificates Record Date: 9/30/02 Distribution Date: 10/15/02 MRF Series: 2002-BC1 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 585525FN3 SEN 2.19313% 125,735,956.58 229,796.08 6,976,009.05 A-R 585525FQ6 SEN 5.57960% 0.00 0.00 0.00 X 585525FP8 SEN 3.29761% 0.00 361,082.25 0.00 B-1 585525FR4 SUB 2.82313% 1,617,000.00 3,804.17 0.00 B-2 585525FS2 SUB 3.22313% 808,000.00 2,170.24 0.00 B-3 585525FT0 SUB 3.82313% 647,000.00 2,061.30 0.00 B-4 585525FU7 SUB 5.57960% 1,295,000.00 6,021.32 0.00 B-5 585525FV5 SUB 5.57960% 647,000.00 3,008.33 0.00 B-6 585525FW3 SUB 5.57960% 647,716.59 3,011.67 0.00 R MELLON02R SUB 0.00000% 0.00 0.00 0.00 Totals 131,397,673.17 610,955.36 6,976,009.05
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 118,759,947.53 7,205,805.13 0.00 A-R 0.00 0.00 0.00 0.00 X 0.00 0.00 361,082.25 0.00 B-1 0.00 1,617,000.00 3,804.17 0.00 B-2 0.00 808,000.00 2,170.24 0.00 B-3 0.00 647,000.00 2,061.30 0.00 B-4 0.00 1,295,000.00 6,021.32 0.00 B-5 0.00 647,000.00 3,008.33 0.00 B-6 0.00 647,716.59 3,011.67 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 124,421,664.12 7,586,964.41 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 156,109,000.00 125,735,956.58 117,310.01 6,858,699.04 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 1,617,000.00 1,617,000.00 0.00 0.00 0.00 0.00 B-2 808,000.00 808,000.00 0.00 0.00 0.00 0.00 B-3 647,000.00 647,000.00 0.00 0.00 0.00 0.00 B-4 1,295,000.00 1,295,000.00 0.00 0.00 0.00 0.00 B-5 647,000.00 647,000.00 0.00 0.00 0.00 0.00 B-6 647,716.63 647,716.59 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 161,770,816.63 131,397,673.17 117,310.01 6,858,699.04 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 6,976,009.05 118,759,947.53 0.76075017 6,976,009.05 A-R 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 B-1 0.00 1,617,000.00 1.00000000 0.00 B-2 0.00 808,000.00 1.00000000 0.00 B-3 0.00 647,000.00 1.00000000 0.00 B-4 0.00 1,295,000.00 1.00000000 0.00 B-5 0.00 647,000.00 1.00000000 0.00 B-6 0.00 647,716.59 0.99999994 0.00 R 0.00 0.00 0.00000000 0.00 Totals 6,976,009.05 124,421,664.12 0.76912305 6,976,009.05
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 156,109,000.00 805.43694841 0.75146218 43.93532109 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,617,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 808,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 647,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,295,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 647,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 647,716.63 999.99993824 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) Per $1000 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 44.68678327 760.75016514 0.76075017 44.68678327 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 999.99993824 0.99999994 0.00000000 R 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 156,109,000.00 2.19313% 125,735,956.58 229,796.08 0.00 0.00 A-R 100.00 5.57960% 0.00 0.00 0.00 0.00 X 0.00 3.29761% 131,397,673.17 361,082.25 0.00 0.00 B-1 1,617,000.00 2.82313% 1,617,000.00 3,804.17 0.00 0.00 B-2 808,000.00 3.22313% 808,000.00 2,170.24 0.00 0.00 B-3 647,000.00 3.82313% 647,000.00 2,061.30 0.00 0.00 B-4 1,295,000.00 5.57960% 1,295,000.00 6,021.32 0.00 0.00 B-5 647,000.00 5.57960% 647,000.00 3,008.33 0.00 0.00 B-6 647,716.63 5.57960% 647,716.59 3,011.67 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 161,770,816.63 610,955.36 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 0.00 0.00 229,796.08 0.00 118,759,947.53 A-R 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 361,082.25 0.00 124,421,664.12 B-1 0.00 0.00 3,804.17 0.00 1,617,000.00 B-2 0.00 0.00 2,170.24 0.00 808,000.00 B-3 0.00 0.00 2,061.30 0.00 647,000.00 B-4 0.00 0.00 6,021.32 0.00 1,295,000.00 B-5 0.00 0.00 3,008.33 0.00 647,000.00 B-6 0.00 0.00 3,011.67 0.00 647,716.59 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 610,955.36 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 156,109,000.00 2.19313% 805.43694841 1.47202327 0.00000000 0.00000000 A-R 100.00 5.57960% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 3.29761% 812.24584203 2.23206050 0.00000000 0.00000000 B-1 1,617,000.00 2.82313% 1000.00000000 2.35260977 0.00000000 0.00000000 B-2 808,000.00 3.22313% 1000.00000000 2.68594059 0.00000000 0.00000000 B-3 647,000.00 3.82313% 1000.00000000 3.18593509 0.00000000 0.00000000 B-4 1,295,000.00 5.57960% 1000.00000000 4.64966795 0.00000000 0.00000000 B-5 647,000.00 5.57960% 1000.00000000 4.64965997 0.00000000 0.00000000 B-6 647,716.63 5.57960% 999.99993824 4.64967219 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1000 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 0.00000000 0.00000000 1.47202327 0.00000000 760.75016514 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 2.23206050 0.00000000 769.12305144 B-1 0.00000000 0.00000000 2.35260977 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.68594059 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 3.18593509 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 4.64966795 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 4.64965997 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 4.64967219 0.00000000 999.99993824 R 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 7,616,528.88 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 7,616,528.88 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 29,564.47 Payment of Interest and Principal 7,586,964.41 Total Withdrawals (Pool Distribution Amount) 7,616,528.88 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 27,374.51 Trustee Fee 2,189.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 29,564.47
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.06181585% 100,000.00 0.08037186% Fraud 3,235,416.00 1.99999979% 3,235,416.00 2.60036387% Special Hazard 5,661,716.00 3.49983768% 5,661,716.00 4.55042620% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.849599% Weighted Average Net Coupon 5.599599% Weighted Average Pass-Through Rate 5.579599% Weighted Average Maturity(Stepdown Calculation ) 265 Beginning Scheduled Collateral Loan Count 207 Number Of Loans Paid In Full 8 Ending Scheduled Collateral Loan Count 199 Beginning Scheduled Collateral Balance 131,397,673.17 Ending Scheduled Collateral Balance 124,421,664.12 Ending Actual Collateral Balance at 30-Sep-2002 124,421,664.12 Monthly P &I Constant 757,829.85 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 124,421,664.12 Scheduled Principal 117,310.01 Unscheduled Principal 6,858,699.04
Miscellaneous Reporting Senior Percentage 100.000000% Senior PrePayment Percentage 100.000000% Subordinate Percentage 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----