-----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, K8DobDaSPUvq2d1d4uBYCt31Yon7z9+NSJfA87soqUapNezCaKVgig3wmhlyrymr 6jRiNjBbJdXMWDlY120ZxA== 0001056404-04-001434.txt : 20040413 0001056404-04-001434.hdr.sgml : 20040413 20040413143036 ACCESSION NUMBER: 0001056404-04-001434 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040412 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOME EQ LOAN TRUST SER 2002 CIT1 ASST BACK PASS THRU CERTS CENTRAL INDEX KEY: 0001174444 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-83816-02 FILM NUMBER: 04730374 BUSINESS ADDRESS: STREET 1: 388 GREENWICH ST CITY: NEW YORK STATE: NY ZIP: 10013 8-K/A 1 sal02ct1_dec.txt DECEMBER 8KA UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K/A Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2002 SALOMON HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2002-CT1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83816-02 52-2365700 Pooling and Servicing Agreement) (Commission 52-2365701 (State or other File Number) 52-2365702 jurisdiction 52-2365703 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 Subsequent to filing the 8-K relating to the payment date on December 26, 2002, a revision was made to the SALOMON HOME EQUITY LOAN TRUST, Asset Backed Pass- Through Certificates, Series 2002-CT1 which was not included in the original 8-K filed. This revision was not previously disclosed in a 1934 Act filing. An amended 8-K will be filed. The revised data has been and will continue to be available on the Wells Fargo Bank, Minnesota, as Trustee, website at www.ctslink.com. 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 Amended monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2002-CT1 Trust, relating to the December 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. SALOMON HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2002-CT1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/14/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2002-CT1 Trust, relating to the December 26, 2002 distribution. EX-99.1
Salomon Brothers Mortgage Securities VII, Inc. Asset Backed Pass-Through Certificates Record Date: 11/30/02 Distribution Date: 12/26/02 SBMSVII Series: 2002-CT1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 79549AQH5 SEN 1.68000% 200,551,958.36 290,131.83 4,344,884.15 M-1 79549AQJ1 MEZ 2.11000% 15,504,000.00 28,169.91 0.00 M-2 79549AQK8 MEZ 2.58000% 6,822,000.00 15,156.21 0.00 M-3 79549AQL6 MEZ 2.83000% 1,860,000.00 4,532.72 0.00 M-4 79549AQM4 MEZ 3.28000% 3,101,000.00 8,758.60 0.00 M-5 79549AQN2 MEZ 3.73000% 1,861,000.00 5,977.43 0.00 R-1 ALOMO02CITR SEN 0.00000% 0.00 0.00 0.00 R-2 ALOMO02CITR SEN 0.00000% 0.00 0.00 0.00 R-3 ALOMO02CIR3 SEN 0.00000% 0.00 0.00 0.00 R-4 ALOMO02CIR4 SEN 0.00000% 0.00 0.00 0.00 P ALOMO02CITP SEN 0.00000% 100.00 143,599.00 0.00 CE SALOM02CTCE JUN 0.00000% 1,240,343.85 1,154,863.85 0.00 Totals 230,940,402.21 1,651,189.55 4,344,884.15
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 196,207,074.21 4,635,015.98 0.00 M-1 0.00 15,504,000.00 28,169.91 0.00 M-2 0.00 6,822,000.00 15,156.21 0.00 M-3 0.00 1,860,000.00 4,532.72 0.00 M-4 0.00 3,101,000.00 8,758.60 0.00 M-5 0.00 1,861,000.00 5,977.43 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 R-4 0.00 0.00 0.00 0.00 P 0.00 100.00 143,599.00 0.00 CE 0.00 1,240,343.85 1,154,863.85 0.00 Totals 0.00 226,595,518.06 5,996,073.70 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 217,680,000.00 200,551,958.36 212,757.66 4,132,126.49 0.00 0.00 M-1 15,504,000.00 15,504,000.00 0.00 0.00 0.00 0.00 M-2 6,822,000.00 6,822,000.00 0.00 0.00 0.00 0.00 M-3 1,860,000.00 1,860,000.00 0.00 0.00 0.00 0.00 M-4 3,101,000.00 3,101,000.00 0.00 0.00 0.00 0.00 M-5 1,861,000.00 1,861,000.00 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 R-4 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE 1,240,670.39 1,240,343.85 0.00 0.00 0.00 0.00 Totals 248,068,770.39 230,940,402.21 212,757.66 4,132,126.49 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 4,344,884.15 196,207,074.21 0.90135554 4,344,884.15 M-1 0.00 15,504,000.00 1.00000000 0.00 M-2 0.00 6,822,000.00 1.00000000 0.00 M-3 0.00 1,860,000.00 1.00000000 0.00 M-4 0.00 3,101,000.00 1.00000000 0.00 M-5 0.00 1,861,000.00 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 R-4 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CE 0.00 1,240,343.85 0.99973680 0.00 Totals 4,344,884.15 226,595,518.06 0.91343831 4,344,884.15
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 217,680,000.00 921.31550147 0.97738727 18.98257300 0.00000000 M-1 15,504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 6,822,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 1,860,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 3,101,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 1,861,000.00 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 R-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 100.00000000 0.00000000 0.00000000 0.00000000 CE 1,240,670.39 999.73680358 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination, except Class P which is per $100.00
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 19.95996026 901.35554121 0.90135554 19.95996026 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 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 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 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 100.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.73680358 0.99973680 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 217,680,000.00 1.68000% 200,551,958.36 290,131.83 0.00 0.00 M-1 15,504,000.00 2.11000% 15,504,000.00 28,169.91 0.00 0.00 M-2 6,822,000.00 2.58000% 6,822,000.00 15,156.21 0.00 0.00 M-3 1,860,000.00 2.83000% 1,860,000.00 4,532.72 0.00 0.00 M-4 3,101,000.00 3.28000% 3,101,000.00 8,758.60 0.00 0.00 M-5 1,861,000.00 3.73000% 1,861,000.00 5,977.43 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 R-4 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 CE 1,240,670.39 0.00000% 1,240,343.85 0.00 0.00 0.00 Totals 248,068,770.39 352,726.70 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 0.00 290,131.83 0.00 196,207,074.21 M-1 0.00 0.00 28,169.91 0.00 15,504,000.00 M-2 0.00 0.00 15,156.21 0.00 6,822,000.00 M-3 0.00 0.00 4,532.72 0.00 1,860,000.00 M-4 0.00 0.00 8,758.60 0.00 3,101,000.00 M-5 0.00 0.00 5,977.43 0.00 1,861,000.00 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 R-4 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 143,599.00 0.00 100.00 CE 194.44 0.00 1,154,863.85 0.00 1,240,343.85 Totals 194.44 0.00 1,651,189.55 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 217,680,000.00 1.68000% 921.31550147 1.33283641 0.00000000 0.00000000 M-1 15,504,000.00 2.11000% 1000.00000000 1.81694466 0.00000000 0.00000000 M-2 6,822,000.00 2.58000% 1000.00000000 2.22166667 0.00000000 0.00000000 M-3 1,860,000.00 2.83000% 1000.00000000 2.43694624 0.00000000 0.00000000 M-4 3,101,000.00 3.28000% 1000.00000000 2.82444373 0.00000000 0.00000000 M-5 1,861,000.00 3.73000% 1000.00000000 3.21194519 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 R-4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 100.00000000 0.00000000 0.00000000 0.00000000 CE 1,240,670.39 0.00000% 999.73680358 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination, except Class P which is per $100.00
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 1.33283641 0.00000000 901.35554121 M-1 0.00000000 0.00000000 1.81694466 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.22166667 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.43694624 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.82444373 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.21194519 0.00000000 1000.00000000 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 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 143599.00000000 0.00000000 100.00000000 CE 0.15672172 0.00000000 930.83856865 0.00000000 999.73680358 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 6,124,947.96 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (29,762.31) Prepayment Penalties 0.00 Total Deposits 6,095,185.65 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 99,111.95 Payment of Interest and Principal 5,996,073.70 Total Withdrawals (Pool Distribution Amount) 6,095,185.65 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 96,225.18 Special Servicing Fee 0.00 Trustee-Wells Fargo Bank, N.A. 2,886.77 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 99,111.95
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Net WAC Rate Carryover Reserve Fund 1,000.00 0.00 0.87 1,000.00
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 124 1 0 0 125 11,986,165.01 198,450.44 0.00 0.00 12,184,615.45 60 Days 20 1 0 0 21 1,848,420.35 97,584.28 0.00 0.00 1,946,004.63 90 Days 22 4 24 0 50 1,867,173.84 347,230.55 1,996,766.04 0.00 4,211,170.43 120 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 166 6 24 0 196 15,701,759.20 643,265.27 1,996,766.04 0.00 18,341,790.51 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 5.188285% 0.041841% 0.000000% 0.000000% 5.230126% 5.289674% 0.087579% 0.000000% 0.000000% 5.377254% 60 Days 0.836820% 0.041841% 0.000000% 0.000000% 0.878661% 0.815736% 0.043065% 0.000000% 0.000000% 0.858801% 90 Days 0.920502% 0.167364% 1.004184% 0.000000% 2.092050% 0.824012% 0.153238% 0.881203% 0.000000% 1.858453% 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 6.945607% 0.251046% 1.004184% 0.000000% 8.200837% 6.929422% 0.283883% 0.881203% 0.000000% 8.094507%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 9.250478% Weighted Average Net Coupon 8.750478% Weighted Average Pass-Through Rate 8.735478% Weighted Average Maturity(Stepdown Calculation ) 327 Beginning Scheduled Collateral Loan Count 2,429 Number Of Loans Paid In Full 39 Ending Scheduled Collateral Loan Count 2,390 Beginning Scheduled Collateral Balance 230,940,402.21 Ending Scheduled Collateral Balance 226,595,518.06 Ending Actual Collateral Balance at 30-Nov-2002 226,595,518.06 Monthly P &I Constant 1,993,015.21 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 29,762.31 Cumulative Realized Loss 29,762.31 Scheduled Principal 212,757.66 Unscheduled Principal 4,132,126.49
Miscellaneous Reporting Credit Enhancement Percentage 13.410832% Overcollateralization Increase Amount 0.00 Overcollateralization Reduction Amount 0.00 Overcollateralization Target Amount 1,240,343.85 Special Servicing Fee 0.00
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