-----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, AhDTPbfF16A8NLHRH8DzzIDtlFsQejRgj5gjl1S3jDaSrbP+YF9pLtn/tXNtSVfi SQ6NiwW1q9DdmUc/iE791g== 0001056404-04-001410.txt : 20040408 0001056404-04-001410.hdr.sgml : 20040408 20040408153236 ACCESSION NUMBER: 0001056404-04-001410 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040408 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: 04724880 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1961 BUSINESS PHONE: 4108812220 8-K 1 bst02004.txt MARCH 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): March 25, 2004 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, 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 March 25, 2004 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 March 25, 2004 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, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/6/2004 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 March 25, 2004 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 2/29/2004 Distribution Date: 3/25/2004 BST Series: 2002-4 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 5.60834% 92,510,544.33 432,358.94 6,531,063.68 X 07384MKP6 SEN 0.27760% 0.00 21,400.77 0.00 R-1 07384MKM3 SEN 5.93842% 0.00 0.00 0.00 R-2 07384MKN1 SEN 5.93842% 0.00 0.00 0.00 B-1 07384MKQ4 SUB 5.88594% 3,263,490.00 16,007.26 109,726.04 B-2 07384MKR2 SUB 5.88594% 2,486,554.77 12,196.43 83,603.69 B-3 07384MKS0 SUB 5.88594% 1,709,402.32 8,384.54 57,474.04 B-4 07384MKT8 SUB 5.88594% 621,620.59 3,049.02 20,900.31 B-5 07384MKV3 SUB 5.88594% 621,620.59 3,049.02 20,900.31 B-6 07384MKX9 SUB 5.88594% 621,693.50 3,049.38 20,902.77 Totals 101,834,926.10 499,495.36 6,844,570.84
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 85,979,480.65 6,963,422.62 0.00 X 0.00 0.00 21,400.77 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 3,153,763.96 125,733.30 0.00 B-2 0.00 2,402,951.08 95,800.12 0.00 B-3 0.00 1,651,928.28 65,858.58 0.00 B-4 0.00 600,720.28 23,949.33 0.00 B-5 0.00 600,720.28 23,949.33 0.00 B-6 0.00 600,790.73 23,952.15 0.00 Totals 0.00 94,990,355.26 7,344,066.20 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 92,510,544.33 2,978.17 6,528,085.51 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 3,263,490.00 105.06 109,620.98 0.00 0.00 B-2 3,434,100.00 2,486,554.77 80.05 83,523.64 0.00 0.00 B-3 2,360,800.00 1,709,402.32 55.03 57,419.01 0.00 0.00 B-4 858,500.00 621,620.59 20.01 20,880.30 0.00 0.00 B-5 858,500.00 621,620.59 20.01 20,880.30 0.00 0.00 B-6 858,600.73 621,693.50 20.01 20,882.75 0.00 0.00 Totals 429,251,600.73 101,834,926.10 3,278.34 6,841,292.49 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 6,531,063.68 85,979,480.65 0.20649585 6,531,063.68 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-1 109,726.04 3,153,763.96 0.69973241 109,726.04 B-2 83,603.69 2,402,951.08 0.69973241 83,603.69 B-3 57,474.04 1,651,928.28 0.69973241 57,474.04 B-4 20,900.31 600,720.28 0.69973242 20,900.31 B-5 20,900.31 600,720.28 0.69973242 20,900.31 B-6 20,902.77 600,790.73 0.69973238 20,902.77 Totals 6,844,570.84 94,990,355.26 0.22129296 6,844,570.84
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 416,373,900.00 222.18141994 0.00715263 15.67842151 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 4,507,100.00 724.07756651 0.02330989 24.32184331 0.00000000 B-2 3,434,100.00 724.07756617 0.02331033 24.32184270 0.00000000 B-3 2,360,800.00 724.07756693 0.02330989 24.32184429 0.00000000 B-4 858,500.00 724.07756552 0.02330810 24.32184042 0.00000000 B-5 858,500.00 724.07756552 0.02330810 24.32184042 0.00000000 B-6 858,600.73 724.07753485 0.02330536 24.32184049 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 15.68557414 206.49584580 0.20649585 15.68557414 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 24.34515320 699.73241330 0.69973241 24.34515320 B-2 0.00000000 24.34515302 699.73241315 0.69973241 24.34515302 B-3 0.00000000 24.34515419 699.73241274 0.69973241 24.34515419 B-4 0.00000000 24.34514851 699.73241701 0.69973242 24.34514851 B-5 0.00000000 24.34514851 699.73241701 0.69973242 24.34514851 B-6 0.00000000 24.34515750 699.73237735 0.69973238 24.34515750 (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 416,373,900.00 5.60834% 92,510,544.33 432,358.94 0.00 0.00 X 0.00 0.27760% 92,510,544.33 21,400.77 0.00 0.00 R-1 50.00 5.93842% 0.00 0.00 0.00 0.00 R-2 50.00 5.93842% 0.00 0.00 0.00 0.00 B-1 4,507,100.00 5.88594% 3,263,490.00 16,007.26 0.00 0.00 B-2 3,434,100.00 5.88594% 2,486,554.77 12,196.43 0.00 0.00 B-3 2,360,800.00 5.88594% 1,709,402.32 8,384.54 0.00 0.00 B-4 858,500.00 5.88594% 621,620.59 3,049.02 0.00 0.00 B-5 858,500.00 5.88594% 621,620.59 3,049.02 0.00 0.00 B-6 858,600.73 5.88594% 621,693.50 3,049.38 0.00 0.00 Totals 429,251,600.73 499,495.36 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 0.00 432,358.94 0.00 85,979,480.65 X 0.00 0.00 21,400.77 0.00 85,979,480.65 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 16,007.26 0.00 3,153,763.96 B-2 0.00 0.00 12,196.43 0.00 2,402,951.08 B-3 0.00 0.00 8,384.54 0.00 1,651,928.28 B-4 0.00 0.00 3,049.02 0.00 600,720.28 B-5 0.00 0.00 3,049.02 0.00 600,720.28 B-6 0.00 0.00 3,049.38 0.00 600,790.73 Totals 0.00 0.00 499,495.36 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 416,373,900.00 5.60834% 222.18141994 1.03839107 0.00000000 0.00000000 X 0.00 0.27760% 222.18141994 0.05139796 0.00000000 0.00000000 R-1 50.00 5.93842% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.93842% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,507,100.00 5.88594% 724.07756651 3.55156531 0.00000000 0.00000000 B-2 3,434,100.00 5.88594% 724.07756617 3.55156518 0.00000000 0.00000000 B-3 2,360,800.00 5.88594% 724.07756693 3.55156727 0.00000000 0.00000000 B-4 858,500.00 5.88594% 724.07756552 3.55156669 0.00000000 0.00000000 B-5 858,500.00 5.88594% 724.07756552 3.55156669 0.00000000 0.00000000 B-6 858,600.73 5.88594% 724.07753485 3.55156931 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 1.03839107 0.00000000 206.49584580 X 0.00000000 0.00000000 0.05139796 0.00000000 206.49584580 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 3.55156531 0.00000000 699.73241330 B-2 0.00000000 0.00000000 3.55156518 0.00000000 699.73241315 B-3 0.00000000 0.00000000 3.55156727 0.00000000 699.73241274 B-4 0.00000000 0.00000000 3.55156669 0.00000000 699.73241701 B-5 0.00000000 0.00000000 3.55156669 0.00000000 699.73241701 B-6 0.00000000 0.00000000 3.55156931 0.00000000 699.73237735 (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 7,357,046.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,122.83 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,368,169.22 Withdrawals Reimbursement for Servicer Advances 2,887.41 Payment of Service Fee 21,215.61 Payment of Interest and Principal 7,344,066.20 Total Withdrawals (Pool Distribution Amount) 7,368,169.22 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 21,215.61 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 21,215.61
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 3 0 0 0 3 2,191,232.90 0.00 0.00 0.00 2,191,232.90 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 3 0 0 0 3 2,191,232.90 0.00 0.00 0.00 2,191,232.90 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 1.470588% 0.000000% 0.000000% 0.000000% 1.470588% 2.306725% 0.000000% 0.000000% 0.000000% 2.306725% 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 1.470588% 0.000000% 0.000000% 0.000000% 1.470588% 2.306725% 0.000000% 0.000000% 0.000000% 2.306725%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,122.83
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.135942% Weighted Average Net Coupon 5.885942% Weighted Average Pass-Through Rate 5.885942% Weighted Average Maturity(Stepdown Calculation ) 334 Beginning Scheduled Collateral Loan Count 217 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 204 Beginning Scheduled Collateral Balance 101,834,926.08 Ending Scheduled Collateral Balance 94,990,355.23 Ending Actual Collateral Balance at 29-Feb-2004 94,993,260.42 Monthly P &I Constant 523,989.31 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 94,990,355.23 Scheduled Principal 3,278.35 Unscheduled Principal 6,841,292.50
Miscellaneous Reporting Average Loss Severity 0 Senior Percentage 90.843631% Senior Prepayment Percentage 95.421815% Subordinate Percentage 9.156369% Subordinate Prepayment Percentage 4.578185%
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