-----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, Q3oT+RaSpRSMVqUwMb1zsJYNnHqPUMysc68HfHU70618AslrrGrR/IpFX2rrdzaQ kyojmMKh1I9sb3D87YrYxg== 0001056404-03-001447.txt : 20030811 0001056404-03-001447.hdr.sgml : 20030811 20030811080707 ACCESSION NUMBER: 0001056404-03-001447 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THR CERT SERIES 2002-4 CENTRAL INDEX KEY: 0001174471 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-03 FILM NUMBER: 03833174 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1961 BUSINESS PHONE: 4108812220 8-K 1 bst02004.txt JULY 8-K 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): July 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-03 52-2365547 Pooling and Servicing Agreement) (Commission 52-2365548 (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 July 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-4 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 2002-4 Trust, relating to the July 25, 2003 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-4 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-4 Trust, relating to the July 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 BST Series: 2002-4 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 07384MKL5 SEN 5.60414% 204,189,424.20 953,587.74 19,436,166.12 X 07384MKP6 SEN 0.27760% 0.00 47,235.82 0.00 R-1 07384MKM3 SEN 5.93846% 0.00 0.00 0.00 R-2 07384MKN1 SEN 5.93846% 0.00 0.00 0.00 B-1 07384MKQ4 SUB 5.88174% 4,505,827.58 22,085.07 113.45 B-2 07384MKR2 SUB 5.88174% 3,433,130.50 16,827.31 86.44 B-3 07384MKS0 SUB 5.88174% 2,360,133.51 11,568.07 59.42 B-4 07384MKT8 SUB 5.88174% 858,257.63 4,206.70 21.61 B-5 07384MKV3 SUB 5.88174% 858,257.63 4,206.70 21.61 B-6 07384MKX9 SUB 5.88174% 858,358.30 4,207.20 21.61 Totals 217,063,389.35 1,063,924.61 19,436,490.26
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 184,753,258.08 20,389,753.86 0.00 X 0.00 0.00 47,235.82 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 B-1 0.00 4,505,714.13 22,198.52 0.00 B-2 0.00 3,433,044.07 16,913.75 0.00 B-3 0.00 2,360,074.09 11,627.49 0.00 B-4 0.00 858,236.02 4,228.31 0.00 B-5 0.00 858,236.02 4,228.31 0.00 B-6 0.00 858,336.69 4,228.81 0.00 Totals 0.00 197,626,899.10 20,500,414.87 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 416,373,900.00 204,189,424.20 5,141.00 19,431,025.12 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 B-1 4,507,100.00 4,505,827.58 113.45 0.00 0.00 0.00 B-2 3,434,100.00 3,433,130.50 86.44 0.00 0.00 0.00 B-3 2,360,800.00 2,360,133.51 59.42 0.00 0.00 0.00 B-4 858,500.00 858,257.63 21.61 0.00 0.00 0.00 B-5 858,500.00 858,257.63 21.61 0.00 0.00 0.00 B-6 858,600.73 858,358.30 21.61 0.00 0.00 0.00 Totals 429,251,600.73 217,063,389.35 5,465.14 19,431,025.12 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 19,436,166.12 184,753,258.08 0.44371959 19,436,166.12 X 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 B-1 113.45 4,505,714.13 0.99969251 113.45 B-2 86.44 3,433,044.07 0.99969252 86.44 B-3 59.42 2,360,074.09 0.99969252 59.42 B-4 21.61 858,236.02 0.99969251 21.61 B-5 21.61 858,236.02 0.99969251 21.61 B-6 21.61 858,336.69 0.99969248 21.61 Totals 19,436,490.26 197,626,899.10 0.46039875 19,436,490.26
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 416,373,900.00 490.39919217 0.01234708 46.66725056 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,507,100.00 999.71768543 0.02517140 0.00000000 0.00000000 B-2 3,434,100.00 999.71768440 0.02517108 0.00000000 0.00000000 B-3 2,360,800.00 999.71768468 0.02516943 0.00000000 0.00000000 B-4 858,500.00 999.71768200 0.02517181 0.00000000 0.00000000 B-5 858,500.00 999.71768200 0.02517181 0.00000000 0.00000000 B-6 858,600.73 999.71764524 0.02516886 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 46.67959764 443.71959453 0.44371959 46.67959764 X 0.00000000 0.00000000 0.00000000 0.00000000 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 B-1 0.00000000 0.02517140 999.69251403 0.99969251 0.02517140 B-2 0.00000000 0.02517108 999.69251623 0.99969252 0.02517108 B-3 0.00000000 0.02516943 999.69251525 0.99969252 0.02516943 B-4 0.00000000 0.02517181 999.69251019 0.99969251 0.02517181 B-5 0.00000000 0.02517181 999.69251019 0.99969251 0.02517181 B-6 0.00000000 0.02516886 999.69247639 0.99969248 0.02516886 (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 416,373,900.00 5.60414% 204,189,424.20 953,587.74 0.00 0.00 X 0.00 0.27760% 204,189,424.20 47,235.82 0.00 0.00 R-1 50.00 5.93846% 0.00 0.00 0.00 0.00 R-2 50.00 5.93846% 0.00 0.00 0.00 0.00 B-1 4,507,100.00 5.88174% 4,505,827.58 22,085.07 0.00 0.00 B-2 3,434,100.00 5.88174% 3,433,130.50 16,827.31 0.00 0.00 B-3 2,360,800.00 5.88174% 2,360,133.51 11,568.07 0.00 0.00 B-4 858,500.00 5.88174% 858,257.63 4,206.70 0.00 0.00 B-5 858,500.00 5.88174% 858,257.63 4,206.70 0.00 0.00 B-6 858,600.73 5.88174% 858,358.30 4,207.20 0.00 0.00 Totals 429,251,600.73 1,063,924.61 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 0.00 953,587.74 0.00 184,753,258.08 X 0.00 0.00 47,235.82 0.00 184,753,258.08 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,085.07 0.00 4,505,714.13 B-2 0.00 0.00 16,827.31 0.00 3,433,044.07 B-3 0.00 0.00 11,568.07 0.00 2,360,074.09 B-4 0.00 0.00 4,206.70 0.00 858,236.02 B-5 0.00 0.00 4,206.70 0.00 858,236.02 B-6 0.00 0.00 4,207.20 0.00 858,336.69 Totals 0.00 0.00 1,063,924.61 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 416,373,900.00 5.60414% 490.39919217 2.29021978 0.00000000 0.00000000 X 0.00 0.27760% 490.39919217 0.11344568 0.00000000 0.00000000 R-1 50.00 5.93846% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.93846% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,507,100.00 5.88174% 999.71768543 4.90006212 0.00000000 0.00000000 B-2 3,434,100.00 5.88174% 999.71768440 4.90006406 0.00000000 0.00000000 B-3 2,360,800.00 5.88174% 999.71768468 4.90006354 0.00000000 0.00000000 B-4 858,500.00 5.88174% 999.71768200 4.90005824 0.00000000 0.00000000 B-5 858,500.00 5.88174% 999.71768200 4.90005824 0.00000000 0.00000000 B-6 858,600.73 5.88174% 999.71764524 4.90006572 0.00000000 0.00000000 (5) Per $1 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 2.29021978 0.00000000 443.71959453 X 0.00000000 0.00000000 0.11344568 0.00000000 443.71959453 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.90006212 0.00000000 999.69251403 B-2 0.00000000 0.00000000 4.90006406 0.00000000 999.69251623 B-3 0.00000000 0.00000000 4.90006354 0.00000000 999.69251525 B-4 0.00000000 0.00000000 4.90005824 0.00000000 999.69251019 B-5 0.00000000 0.00000000 4.90005824 0.00000000 999.69251019 B-6 0.00000000 0.00000000 4.90006572 0.00000000 999.69247639 (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 20,542,910.15 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,414.23 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 20,561,324.38 Withdrawals Reimbursement for Servicer Advances 15,687.97 Payment of Service Fee 45,221.54 Payment of Interest and Principal 20,500,414.87 Total Withdrawals (Pool Distribution Amount) 20,561,324.38 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 45,221.54 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 45,221.54
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 5 0 0 0 5 2,596,132.73 0.00 0.00 0.00 2,596,132.73 60 Days 1 0 0 0 1 998,836.78 0.00 0.00 0.00 998,836.78 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 6 0 0 0 6 3,594,969.51 0.00 0.00 0.00 3,594,969.51 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 1.228501% 0.000000% 0.000000% 0.000000% 1.228501% 1.313638% 0.000000% 0.000000% 0.000000% 1.313638% 60 Days 0.245700% 0.000000% 0.000000% 0.000000% 0.245700% 0.505410% 0.000000% 0.000000% 0.000000% 0.505410% 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 1.474201% 0.000000% 0.000000% 0.000000% 1.474201% 1.819048% 0.000000% 0.000000% 0.000000% 1.819048%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,414.23
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.131736% Weighted Average Net Coupon 5.881736% Weighted Average Pass-Through Rate 5.881736% Weighted Average Maturity(Stepdown Calculation ) 342 Beginning Scheduled Collateral Loan Count 445 Number Of Loans Paid In Full 38 Ending Scheduled Collateral Loan Count 407 Beginning Scheduled Collateral Balance 217,063,389.37 Ending Scheduled Collateral Balance 197,626,899.11 Ending Actual Collateral Balance at 30-Jun-2003 197,629,176.82 Monthly P &I Constant 1,114,611.29 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 197,626,899.11 Scheduled Principal 5,465.14 Unscheduled Principal 19,431,025.12
Miscellaneous Reporting Average Loss Severity 0 Senior Percentage 94.069030% Senior Prepayment Percentage 100.000000% Subordinate Percentage 5.930970% Subordinate Prepayment Percentage 0.000000%
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