-----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, Dx5iNomKPhPUzCsdVOGVnueMoR4NFxMqBAEHr4E5o2aP9Cn44peZ/xB5HL74UHsE kaqRHykRY5YEqBFug1FaqA== 0001056404-02-001514.txt : 20021209 0001056404-02-001514.hdr.sgml : 20021209 20021209140907 ACCESSION NUMBER: 0001056404-02-001514 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: 20021209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SECURITIES CORP MORT BACK NOTES SER 2002 9 CENTRAL INDEX KEY: 0001172436 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: 333-82904-05 FILM NUMBER: 02852008 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sac02009.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 STRUCTURED ASSET SECURITIES CORPORATION Mortgage-Backed Notes, Series 2002-9 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-05 Pooling and Servicing Agreement) (Commission (State or other File Number) Pending 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 November 25, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage-Backed Notes, Series 2002-9 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-Backed Notes, Series 2002-9 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. STRUCTURED ASSET SECURITIES CORPORATION Mortgage-Backed Notes, Series 2002-9 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/6/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2002-9 Trust, relating to the November 25, 2002 distribution. EX-99.1
Structured Asset Securities Corporation Mortgage-Backed Notes Record Date: 10/31/02 Distribution Date: 11/25/02 SASC Series: 2002-9 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 R SAC02009R 0.00000% 0.00 28,550.12 0.00 A-1 86358RB55 SEN 2.13000% 314,157,417.02 576,217.06 8,706,603.05 A-2 86358RC21 SEN 2.13000% 166,935,916.69 306,188.29 3,745,116.77 M-1 86358RB63 MEZ 2.48000% 7,441,000.00 15,890.67 0.00 M-2 86358RB71 MEZ 2.98000% 5,953,000.00 15,276.06 0.00 B-1 86358RB89 SUB 3.48000% 4,465,000.00 13,380.12 0.00 B-2 86358RB97 SUB 9.00000% 1,967,520.03 14,756.40 1,281,360.94 Totals 500,919,853.74 970,258.72 13,733,080.76
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 28,550.12 0.00 A-1 0.00 305,450,813.97 9,282,820.11 0.00 A-2 0.00 163,190,799.92 4,051,305.06 0.00 M-1 0.00 7,441,000.00 15,890.67 0.00 M-2 0.00 5,953,000.00 15,276.06 0.00 B-1 0.00 4,465,000.00 13,380.12 0.00 B-2 0.00 686,159.09 1,296,117.34 0.00 Totals 0.00 487,186,772.98 14,703,339.48 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A-1 381,668,000.00 314,157,417.02 0.00 8,706,603.05 0.00 0.00 A-2 195,745,000.00 166,935,916.69 0.00 3,745,116.77 0.00 0.00 M-1 7,441,000.00 7,441,000.00 0.00 0.00 0.00 0.00 M-2 5,953,000.00 5,953,000.00 0.00 0.00 0.00 0.00 B-1 4,465,000.00 4,465,000.00 0.00 0.00 0.00 0.00 B-2 10,000,000.00 1,967,520.03 0.00 1,281,360.94 0.00 0.00 Totals 605,272,000.00 500,919,853.74 0.00 13,733,080.76 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 R 0.00 0.00 0.00000000 0.00 A-1 8,706,603.05 305,450,813.97 0.80030501 8,706,603.05 A-2 3,745,116.77 163,190,799.92 0.83369077 3,745,116.77 M-1 0.00 7,441,000.00 1.00000000 0.00 M-2 0.00 5,953,000.00 1.00000000 0.00 B-1 0.00 4,465,000.00 1.00000000 0.00 B-2 1,281,360.94 686,159.09 0.06861591 1,281,360.94 Totals 13,733,080.76 487,186,772.98 0.80490552 13,733,080.76
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 381,668,000.00 823.11699440 0.00000000 22.81198070 0.00000000 A-2 195,745,000.00 852.82340131 0.00000000 19.13263057 0.00000000 M-1 7,441,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 5,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 10,000,000.00 196.75200300 0.00000000 128.13609400 0.00000000 (2) All classes are per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 22.81198070 800.30501370 0.80030501 22.81198070 A-2 0.00000000 19.13263057 833.69077075 0.83369077 19.13263057 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-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 128.13609400 68.61590900 0.06861591 128.13609400 (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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A-1 381,668,000.00 2.13000% 314,157,417.02 576,217.06 0.00 0.00 A-2 195,745,000.00 2.13000% 166,935,916.69 306,188.29 0.00 0.00 M-1 7,441,000.00 2.48000% 7,441,000.00 15,890.67 0.00 0.00 M-2 5,953,000.00 2.98000% 5,953,000.00 15,276.06 0.00 0.00 B-1 4,465,000.00 3.48000% 4,465,000.00 13,380.12 0.00 0.00 B-2 10,000,000.00 9.00000% 1,967,520.03 14,756.40 0.00 0.00 Totals 605,272,000.00 941,708.60 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 R 0.00 0.00 28,550.12 0.00 0.00 A-1 0.00 0.00 576,217.06 0.00 305,450,813.97 A-2 0.00 0.00 306,188.29 0.00 163,190,799.92 M-1 0.00 0.00 15,890.67 0.00 7,441,000.00 M-2 0.00 0.00 15,276.06 0.00 5,953,000.00 B-1 0.00 0.00 13,380.12 0.00 4,465,000.00 B-2 0.00 0.00 14,756.40 0.00 686,159.09 Totals 0.00 0.00 970,258.72 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 381,668,000.00 2.13000% 823.11699440 1.50973375 0.00000000 0.00000000 A-2 195,745,000.00 2.13000% 852.82340131 1.56422024 0.00000000 0.00000000 M-1 7,441,000.00 2.48000% 1000.00000000 2.13555570 0.00000000 0.00000000 M-2 5,953,000.00 2.98000% 1000.00000000 2.56611120 0.00000000 0.00000000 B-1 4,465,000.00 3.48000% 1000.00000000 2.99666741 0.00000000 0.00000000 B-2 10,000,000.00 9.00000% 196.75200300 1.47564000 0.00000000 0.00000000 (5) All classes are 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.50973375 0.00000000 800.30501370 A-2 0.00000000 0.00000000 1.56422024 0.00000000 833.69077075 M-1 0.00000000 0.00000000 2.13555570 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.56611120 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.99666741 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.47564000 0.00000000 68.61590900 (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 14,533,553.89 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 377,939.41 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 14,911,493.30 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 208,153.82 Payment of Interest and Principal 14,703,339.48 Total Withdrawals (Pool Distribution Amount) 14,911,493.30 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 151,095.05 GEMICO Pool Insurance Premium 31,005.03 Master Servicing Fee 11,769.75 PMI Pool Insurance Premium 14,283.99 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 208,153.82
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class B2 Interest Reserve Fund 58,062.92 28,550.12 0.00 29,512.80 Reserve Fund 0.00 110,075.26 110,075.26 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 85 4 0 89 11,526,042.50 755,095.29 0.00 12,281,137.79 30 Days 130 12 2 0 144 15,990,663.17 1,668,906.59 620,824.23 0.00 18,280,393.99 60 Days 40 8 3 0 51 5,034,118.18 870,406.83 435,689.57 0.00 6,340,214.58 90 Days 14 31 12 0 57 2,582,117.62 3,703,207.03 2,022,951.27 0.00 8,308,275.92 120 Days 4 6 7 0 17 600,165.16 1,027,680.98 979,798.93 0.00 2,607,645.07 150 Days 2 6 3 0 11 125,583.97 874,015.14 690,472.46 0.00 1,690,071.57 180+ Days 12 31 19 6 68 3,547,547.42 4,185,671.24 2,939,510.08 564,234.45 11,236,963.19 Totals 202 179 50 6 437 27,880,195.52 23,855,930.31 8,444,341.83 564,234.45 60,744,702.11 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 2.429960% 0.114351% 0.000000% 2.544311% 2.330375% 0.152668% 0.000000% 2.483042% 30 Days 3.716409% 0.343053% 0.057176% 0.000000% 4.116638% 3.233047% 0.337425% 0.125520% 0.000000% 3.695993% 60 Days 1.143511% 0.228702% 0.085763% 0.000000% 1.457976% 1.017815% 0.175982% 0.088089% 0.000000% 1.281886% 90 Days 0.400229% 0.886221% 0.343053% 0.000000% 1.629503% 0.522061% 0.748727% 0.409007% 0.000000% 1.679796% 120 Days 0.114351% 0.171527% 0.200114% 0.000000% 0.485992% 0.121343% 0.207780% 0.198099% 0.000000% 0.527223% 150 Days 0.057176% 0.171527% 0.085763% 0.000000% 0.314465% 0.025391% 0.176711% 0.139602% 0.000000% 0.341704% 180+ Days 0.343053% 0.886221% 0.543168% 0.171527% 1.943968% 0.717255% 0.846273% 0.594320% 0.114079% 2.271928% Totals 5.774728% 5.117210% 1.429388% 0.171527% 12.492853% 5.636913% 4.823274% 1.707306% 0.114079% 12.281572%
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 81 3 0 84 10,252,821.71 447,897.74 0.00 10,700,719.45 30 Days 123 11 1 0 135 13,897,162.53 1,503,334.78 167,791.70 0.00 15,568,289.01 60 Days 37 8 2 0 47 4,509,128.21 870,406.83 285,836.12 0.00 5,665,371.16 90 Days 12 30 9 0 51 1,324,841.33 3,391,305.28 1,279,375.70 0.00 5,995,522.31 120 Days 3 4 6 0 13 225,272.63 540,760.55 695,335.66 0.00 1,461,368.84 150 Days 2 6 3 0 11 125,583.97 874,015.14 690,472.46 0.00 1,690,071.57 180 Days 6 22 10 1 39 738,893.84 2,672,764.23 1,436,427.21 8,231.45 4,856,316.73 Totals 183 162 34 1 380 20,820,882.51 20,105,408.52 5,003,136.59 8,231.45 45,937,659.07 0-29 Days 2.660972% 0.098555% 0.000000% 2.759527% 3.208638% 0.140170% 0.000000% 3.348809% 30 Days 4.040736% 0.361367% 0.032852% 0.000000% 4.434954% 4.349141% 0.470471% 0.052511% 0.000000% 4.872123% 60 Days 1.215506% 0.262812% 0.065703% 0.000000% 1.544021% 1.411139% 0.272395% 0.089453% 0.000000% 1.772988% 90 Days 0.394218% 0.985545% 0.295664% 0.000000% 1.675427% 0.414611% 1.061315% 0.400383% 0.000000% 1.876309% 120 Days 0.098555% 0.131406% 0.197109% 0.000000% 0.427070% 0.070499% 0.169232% 0.217606% 0.000000% 0.457338% 150 Days 0.065703% 0.197109% 0.098555% 0.000000% 0.361367% 0.039302% 0.273525% 0.216085% 0.000000% 0.528911% 180 Days 0.197109% 0.722733% 0.328515% 0.032852% 1.281209% 0.231238% 0.836446% 0.449532% 0.002576% 1.519793% Totals 6.011827% 5.321945% 1.116951% 0.032852% 12.483574% 6.515931% 6.292022% 1.565740% 0.002576% 14.376270% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Reserve Asset Grp2 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 1 0 0 0 1 65,774.20 0.00 0.00 0.00 65,774.20 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 1 0 0 1 0.00 15,592.96 0.00 0.00 15,592.96 Totals 1 1 0 0 2 65,774.20 15,592.96 0.00 0.00 81,367.16 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 5.882353% 0.000000% 0.000000% 0.000000% 5.882353% 12.668439% 0.000000% 0.000000% 0.000000% 12.668439% 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% 5.882353% 0.000000% 0.000000% 5.882353% 0.000000% 3.003282% 0.000000% 0.000000% 3.003282% Totals 5.882353% 5.882353% 0.000000% 0.000000% 11.764706% 12.668439% 3.003282% 0.000000% 0.000000% 15.671720% 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 4 1 0 5 1,273,220.79 307,197.55 0.00 1,580,418.34 30 Days 7 0 1 0 8 2,093,500.64 0.00 453,032.53 0.00 2,546,533.17 60 Days 1 0 1 0 2 391,415.67 0.00 149,853.45 0.00 541,269.12 90 Days 2 1 2 0 5 1,257,276.29 311,901.75 401,339.62 0.00 1,970,517.66 120 Days 1 1 1 0 3 374,892.53 375,866.26 284,463.27 0.00 1,035,222.06 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 6 2 3 0 11 2,808,653.58 731,270.66 680,851.00 0.00 4,220,775.24 Totals 17 8 9 0 34 6,925,738.71 2,692,259.46 2,276,737.42 0.00 11,894,735.59 0-29 Days 0.973236% 0.243309% 0.000000% 1.216545% 0.745629% 0.179902% 0.000000% 0.925532% 30 Days 1.703163% 0.000000% 0.243309% 0.000000% 1.946472% 1.226005% 0.000000% 0.265307% 0.000000% 1.491312% 60 Days 0.243309% 0.000000% 0.243309% 0.000000% 0.486618% 0.229223% 0.000000% 0.087758% 0.000000% 0.316980% 90 Days 0.486618% 0.243309% 0.486618% 0.000000% 1.216545% 0.736292% 0.182657% 0.235034% 0.000000% 1.153983% 120 Days 0.243309% 0.243309% 0.243309% 0.000000% 0.729927% 0.219546% 0.220116% 0.166589% 0.000000% 0.606251% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 1.459854% 0.486618% 0.729927% 0.000000% 2.676399% 1.644816% 0.428250% 0.398723% 0.000000% 2.471789% Totals 4.136253% 1.946472% 2.189781% 0.000000% 8.272506% 4.055882% 1.576653% 1.333313% 0.000000% 6.965848% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Reserve Asset Grp1 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 1 0 0 1 0.00 165,571.81 0.00 0.00 165,571.81 60 Days 1 0 0 0 1 67,800.10 0.00 0.00 0.00 67,800.10 90 Days 0 0 1 0 1 0.00 0.00 342,235.95 0.00 342,235.95 120 Days 0 1 0 0 1 0.00 111,054.17 0.00 0.00 111,054.17 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 6 6 5 17 0.00 766,043.39 822,231.87 556,003.00 2,144,278.26 Totals 1 8 7 5 21 67,800.10 1,042,669.37 1,164,467.82 556,003.00 2,830,940.29 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 3.846154% 0.000000% 0.000000% 3.846154% 0.000000% 4.374182% 0.000000% 0.000000% 4.374182% 60 Days 3.846154% 0.000000% 0.000000% 0.000000% 3.846154% 1.791186% 0.000000% 0.000000% 0.000000% 1.791186% 90 Days 0.000000% 0.000000% 3.846154% 0.000000% 3.846154% 0.000000% 0.000000% 9.041408% 0.000000% 9.041408% 120 Days 0.000000% 3.846154% 0.000000% 0.000000% 3.846154% 0.000000% 2.933900% 0.000000% 0.000000% 2.933900% 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% 23.076923% 23.076923% 19.230769% 65.384615% 0.000000% 20.237825% 21.722248% 14.688843% 56.648915% Totals 3.846154% 30.769231% 26.923077% 19.230769% 80.769231% 1.791186% 27.545907% 30.763656% 14.688843% 74.789592%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 377,939.41
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.491923% Weighted Average Net Coupon 6.133506% Weighted Average Pass-Through Rate 5.982207% Weighted Average Maturity(Stepdown Calculation ) 246 Beginning Scheduled Collateral Loan Count 3,587 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 3,498 Beginning Scheduled Collateral Balance 505,874,267.85 Ending Scheduled Collateral Balance 493,422,548.11 Ending Actual Collateral Balance at 31-Oct-2002 494,600,390.84 Monthly P &I Constant 3,770,506.24 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.02 Ending Scheduled Balance for Premium Loans 493,422,548.11 Scheduled Principal 1,033,758.86 Unscheduled Principal 11,417,960.96 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 6,921,934.22 Overcollateralized Amount 6,921,934.22 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 84,824.46
Group Level Collateral Statement Group Group 1 Group 2 Reserve Asset Grp1 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.672989 6.120584 7.213325 Weighted Average Net Rate 6.289111 5.811412 6.804128 Weighted Average Maturity 240 245 240 Beginning Loan Count 3,124 418 26 Loans Paid In Full 80 7 0 Ending Loan Count 3,044 411 26 Beginning Scheduled Balance 327,466,828.84 174,118,188.78 3,717,007.70 Ending scheduled Balance 318,760,225.87 170,457,896.47 3,710,023.82 Record Date 10/31/2002 10/31/2002 10/31/2002 Principal And Interest Constant 2,582,190.79 1,151,025.05 29,327.20 Scheduled Principal 761,205.25 262,937.55 6,983.88 Unscheduled Principal 7,945,397.80 3,397,354.76 0.00 Scheduled Interest 1,820,985.54 888,087.50 22,343.32 Servicing Fees 104,756.17 44,860.46 1,267.49 Master Servicing Fees 6,822.24 3,627.45 77.44 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 38,474.47 7,190.02 855.76 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 1,670,932.66 832,409.57 20,142.63 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.02 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 6.112592 5.736859 6.502857
Group Level Collateral Statement Group Reserve Asset Grp2 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 11.179218 6.491923 Weighted Average Net Rate 10.736895 6.133506 Weighted Average Maturity 101 246 Beginning Loan Count 19 3,587 Loans Paid In Full 2 89 Ending Loan Count 17 3,498 Beginning Scheduled Balance 572,242.53 505,874,267.85 Ending scheduled Balance 494,401.95 493,422,548.11 Record Date 10/31/2002 10/31/2002 Principal And Interest Constant 7,963.20 3,770,506.24 Scheduled Principal 2,632.18 1,033,758.86 Unscheduled Principal 75,208.40 11,417,960.96 Scheduled Interest 5,331.02 2,736,747.38 Servicing Fees 210.93 151,095.05 Master Servicing Fees 11.92 10,539.05 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 46,520.25 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 5,108.17 2,528,593.03 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.02 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 10.711891 5.982207
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