-----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, KI+zcrC1B/4IVNCfxHio69/PmBv7Q5W4B17uV0tDfgAWpt4g3+s2YHyvE/DV+77k 0VWOUtSMCOaWchKZGVU1cg== 0001056404-02-001256.txt : 20021008 0001056404-02-001256.hdr.sgml : 20021008 20021008110731 ACCESSION NUMBER: 0001056404-02-001256 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020926 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ASSET BCK SEC TR AS-BCK CER SER 2002-AC2 CENTRAL INDEX KEY: 0001174472 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: 333-43091-12 FILM NUMBER: 02783740 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 410-884-2000 MAIL ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 8-K 1 bsa02ac2.txt SEPTEMBER 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): September 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-43091-12 Pooling and Servicing Agreement) (Commission 02-0606786 (State or other File Number) 01-0698820 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 September 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2002-AC2 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 Asset-Backed Certificates, Series 2002-AC2 Trust, relating to the September 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC2 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/1/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-AC2 Trust, relating to the September 25, 2002 distribution. EX-99.1
Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 8/31/02 Distribution Date: 9/25/02 BSA Series: 2002-AC2 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-1 07384YDD5 SEN 6.75000% 8,106,360.00 45,571.66 8,106,360.00 A-2 07384YDE3 SEN 4.70000% 27,775,724.00 108,724.75 509,143.15 A-3 07384YDF0 SEN 2.16000% 32,537,276.00 58,532.91 596,424.82 A-4 07384YDG8 SEN 6.34000% 0.00 171,804.93 0.00 A-5 07384YDH6 SEN 2.31000% 27,922,011.80 53,718.50 1,535,321.29 A-6 07384YDJ2 SEN 6.19000% 0.00 143,946.97 0.00 A-7 07384YDK9 SEN 6.25000% 99,112,715.00 515,910.74 0.00 A-8 07384YDL7 SEN 0.50000% 0.00 41,272.86 0.00 A-9 07384YDM5 SEN 6.50000% 29,100,000.00 157,532.99 0.00 A-10 07384YDN3 SEN 0.50000% 0.00 12,117.92 0.00 PO 07384YDQ6 PO 0.00000% 1,464,159.12 0.00 47,369.75 X-1 07384YDP8 SEN 0.86088% 0.00 181,275.82 0.00 B-1 07384YDR4 SUB 7.00000% 9,420,744.41 54,922.26 6,884.01 B-2 07384YDS2 SUB 7.00000% 5,217,626.18 30,418.39 3,812.67 B-3 07384YDT0 SUB 7.00000% 4,637,878.86 27,038.50 3,389.03 B-4 07384YDW3 SUB 7.00000% 1,739,241.97 10,139.66 1,270.91 B-5 07384YDY9 SUB 7.00000% 2,029,115.63 11,829.60 1,482.73 B-6 07384YEA0 SUB 7.00000% 3,769,072.44 21,973.42 2,754.17 R-1 07384YDU7 RES 7.00000% 0.00 0.00 0.00 R-2 07384YDV5 RES 7.00000% 0.00 0.00 0.00 Totals 252,831,925.41 1,646,731.88 10,814,212.53
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 8,151,931.66 0.00 A-2 0.00 27,266,580.85 617,867.90 0.00 A-3 0.00 31,940,851.18 654,957.73 0.00 A-4 0.00 0.00 171,804.93 0.00 A-5 0.00 26,386,690.51 1,589,039.79 0.00 A-6 0.00 0.00 143,946.97 0.00 A-7 0.00 99,112,715.00 515,910.74 0.00 A-8 0.00 0.00 41,272.86 0.00 A-9 0.00 29,100,000.00 157,532.99 0.00 A-10 0.00 0.00 12,117.92 0.00 PO 0.00 1,416,789.36 47,369.75 0.00 X-1 0.00 0.00 181,275.82 0.00 B-1 0.00 9,413,860.40 61,806.27 0.00 B-2 0.00 5,213,813.51 34,231.06 0.00 B-3 0.00 4,634,489.83 30,427.53 0.00 B-4 0.00 1,737,971.05 11,410.57 0.00 B-5 0.00 2,027,632.89 13,312.33 0.00 B-6 0.00 3,766,318.27 24,727.59 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 242,017,712.85 12,460,944.41 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-1 40,460,000.00 8,106,360.00 123,767.33 7,982,592.67 0.00 0.00 A-2 27,775,724.00 27,775,724.00 7,773.56 501,369.59 0.00 0.00 A-3 32,537,276.00 32,537,276.00 9,106.17 587,318.65 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 33,314,285.00 27,922,011.80 23,441.18 1,511,880.11 0.00 0.00 A-6 0.00 0.00 0.00 0.00 0.00 0.00 A-7 99,112,715.00 99,112,715.00 0.00 0.00 0.00 0.00 A-8 0.00 0.00 0.00 0.00 0.00 0.00 A-9 29,100,000.00 29,100,000.00 0.00 0.00 0.00 0.00 A-10 0.00 0.00 0.00 0.00 0.00 0.00 PO 1,505,268.84 1,464,159.12 1,705.03 45,664.72 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,447,600.00 9,420,744.41 6,884.01 0.00 0.00 0.00 B-2 5,232,500.00 5,217,626.18 3,812.67 0.00 0.00 0.00 B-3 4,651,100.00 4,637,878.86 3,389.03 0.00 0.00 0.00 B-4 1,744,200.00 1,739,241.97 1,270.91 0.00 0.00 0.00 B-5 2,034,900.00 2,029,115.63 1,482.73 0.00 0.00 0.00 B-6 3,779,816.00 3,769,072.44 2,754.17 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 Totals 290,695,484.84 252,831,925.41 185,386.79 10,628,825.74 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-1 8,106,360.00 0.00 0.00000000 8,106,360.00 A-2 509,143.15 27,266,580.85 0.98166949 509,143.15 A-3 596,424.82 31,940,851.18 0.98166949 596,424.82 A-4 0.00 0.00 0.00000000 0.00 A-5 1,535,321.29 26,386,690.51 0.79205333 1,535,321.29 A-6 0.00 0.00 0.00000000 0.00 A-7 0.00 99,112,715.00 1.00000000 0.00 A-8 0.00 0.00 0.00000000 0.00 A-9 0.00 29,100,000.00 1.00000000 0.00 A-10 0.00 0.00 0.00000000 0.00 PO 47,369.75 1,416,789.36 0.94122015 47,369.75 X-1 0.00 0.00 0.00000000 0.00 B-1 6,884.01 9,413,860.40 0.99642876 6,884.01 B-2 3,812.67 5,213,813.51 0.99642876 3,812.67 B-3 3,389.03 4,634,489.83 0.99642877 3,389.03 B-4 1,270.91 1,737,971.05 0.99642876 1,270.91 B-5 1,482.73 2,027,632.89 0.99642876 1,482.73 B-6 2,754.17 3,766,318.27 0.99642900 2,754.17 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 10,814,212.53 242,017,712.85 0.83254720 10,814,212.53
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 40,460,000.00 200.35491844 3.05900470 197.29591374 0.00000000 A-2 27,775,724.00 1000.00000000 0.27986885 18.05063983 0.00000000 A-3 32,537,276.00 1000.00000000 0.27986885 18.05063983 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 33,314,285.00 838.13930871 0.70363749 45.38233704 0.00000000 A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-7 99,112,715.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-9 29,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-10 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 1,505,268.84 972.68944995 1.13270796 30.33658758 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,447,600.00 997.15741670 0.72865172 0.00000000 0.00000000 B-2 5,232,500.00 997.15741615 0.72865170 0.00000000 0.00000000 B-3 4,651,100.00 997.15741653 0.72865129 0.00000000 0.00000000 B-4 1,744,200.00 997.15741887 0.72864924 0.00000000 0.00000000 B-5 2,034,900.00 997.15741805 0.72865006 0.00000000 0.00000000 B-6 3,779,816.00 997.15765000 0.72865187 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 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-1 0.00000000 200.35491844 0.00000000 0.00000000 200.35491844 A-2 0.00000000 18.33050868 981.66949132 0.98166949 18.33050868 A-3 0.00000000 18.33050868 981.66949132 0.98166949 18.33050868 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 46.08597453 792.05333418 0.79205333 46.08597453 A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 31.46929554 941.22014776 0.94122015 31.46929554 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.72865172 996.42876498 0.99642876 0.72865172 B-2 0.00000000 0.72865170 996.42876445 0.99642876 0.72865170 B-3 0.00000000 0.72865129 996.42876524 0.99642877 0.72865129 B-4 0.00000000 0.72864924 996.42876390 0.99642876 0.72864924 B-5 0.00000000 0.72865006 996.42876308 0.99642876 0.72865006 B-6 0.00000000 0.72865187 996.42899813 0.99642900 0.72865187 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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-1 40,460,000.00 6.75000% 8,106,360.00 45,598.27 0.00 0.00 A-2 27,775,724.00 4.70000% 27,775,724.00 108,788.25 0.00 0.00 A-3 32,537,276.00 2.16000% 32,537,276.00 58,567.10 0.00 0.00 A-4 0.00 6.34000% 32,537,276.00 171,905.27 0.00 0.00 A-5 33,314,285.00 2.31000% 27,922,011.80 53,749.87 0.00 0.00 A-6 0.00 6.19000% 27,922,011.80 144,031.04 0.00 0.00 A-7 99,112,715.00 6.25000% 99,112,715.00 516,212.06 0.00 0.00 A-8 0.00 0.50000% 99,112,715.00 41,296.96 0.00 0.00 A-9 29,100,000.00 6.50000% 29,100,000.00 157,625.00 0.00 0.00 A-10 0.00 0.50000% 29,100,000.00 12,125.00 0.00 0.00 PO 1,505,268.84 0.00000% 1,464,159.12 0.00 0.00 0.00 X-1 0.00 0.86088% 252,831,926.24 181,381.70 0.00 0.00 B-1 9,447,600.00 7.00000% 9,420,744.41 54,954.34 0.00 0.00 B-2 5,232,500.00 7.00000% 5,217,626.18 30,436.15 0.00 0.00 B-3 4,651,100.00 7.00000% 4,637,878.86 27,054.29 0.00 0.00 B-4 1,744,200.00 7.00000% 1,739,241.97 10,145.58 0.00 0.00 B-5 2,034,900.00 7.00000% 2,029,115.63 11,836.51 0.00 0.00 B-6 3,779,816.00 7.00000% 3,769,072.44 21,986.26 0.00 0.00 R-1 50.00 7.00000% 0.00 0.00 0.00 0.00 R-2 50.00 7.00000% 0.00 0.00 0.00 0.00 Totals 290,695,484.84 1,647,693.65 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-1 26.62 0.00 45,571.66 0.00 0.00 A-2 63.50 0.00 108,724.75 0.00 27,266,580.85 A-3 34.19 0.00 58,532.91 0.00 31,940,851.18 A-4 100.34 0.00 171,804.93 0.00 31,940,851.18 A-5 31.37 0.00 53,718.50 0.00 26,386,690.51 A-6 84.07 0.00 143,946.97 0.00 26,386,690.51 A-7 301.32 0.00 515,910.74 0.00 99,112,715.00 A-8 24.11 0.00 41,272.86 0.00 99,112,715.00 A-9 92.01 0.00 157,532.99 0.00 29,100,000.00 A-10 7.08 0.00 12,117.92 0.00 29,100,000.00 PO 0.00 0.00 0.00 0.00 1,416,789.36 X-1 105.87 0.00 181,275.82 0.00 242,017,713.65 B-1 32.08 0.00 54,922.26 0.00 9,413,860.40 B-2 17.77 0.00 30,418.39 0.00 5,213,813.51 B-3 15.79 0.00 27,038.50 0.00 4,634,489.83 B-4 5.92 0.00 10,139.66 0.00 1,737,971.05 B-5 6.91 0.00 11,829.60 0.00 2,027,632.89 B-6 12.83 0.00 21,973.42 0.00 3,766,318.27 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 961.78 0.00 1,646,731.88 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-1 40,460,000.00 6.75000% 200.35491844 1.12699629 0.00000000 0.00000000 A-2 27,775,724.00 4.70000% 1000.00000000 3.91666658 0.00000000 0.00000000 A-3 32,537,276.00 2.16000% 1000.00000000 1.80000010 0.00000000 0.00000000 A-4 0.00 6.34000% 1000.00000000 5.28333318 0.00000000 0.00000000 A-5 33,314,285.00 2.31000% 838.13930871 1.61341809 0.00000000 0.00000000 A-6 0.00 6.19000% 838.13930871 4.32340181 0.00000000 0.00000000 A-7 99,112,715.00 6.25000% 1000.00000000 5.20833336 0.00000000 0.00000000 A-8 0.00 0.50000% 1000.00000000 0.41666662 0.00000000 0.00000000 A-9 29,100,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A-10 0.00 0.50000% 1000.00000000 0.41666667 0.00000000 0.00000000 PO 1,505,268.84 0.00000% 972.68944995 0.00000000 0.00000000 0.00000000 X-1 0.00 0.86088% 869.74837447 0.62395775 0.00000000 0.00000000 B-1 9,447,600.00 7.00000% 997.15741670 5.81675134 0.00000000 0.00000000 B-2 5,232,500.00 7.00000% 997.15741615 5.81675108 0.00000000 0.00000000 B-3 4,651,100.00 7.00000% 997.15741653 5.81675088 0.00000000 0.00000000 B-4 1,744,200.00 7.00000% 997.15741887 5.81675267 0.00000000 0.00000000 B-5 2,034,900.00 7.00000% 997.15741805 5.81675267 0.00000000 0.00000000 B-6 3,779,816.00 7.00000% 997.15765000 5.81675404 0.00000000 0.00000000 R-1 50.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000 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-1 0.00065793 0.00000000 1.12633861 0.00000000 0.00000000 A-2 0.00228617 0.00000000 3.91438041 0.00000000 981.66949132 A-3 0.00105079 0.00000000 1.79894930 0.00000000 981.66949132 A-4 0.00308385 0.00000000 5.28024934 0.00000000 981.66949132 A-5 0.00094164 0.00000000 1.61247645 0.00000000 792.05333418 A-6 0.00252354 0.00000000 4.32087827 0.00000000 792.05333418 A-7 0.00304018 0.00000000 5.20529319 0.00000000 1000.00000000 A-8 0.00024326 0.00000000 0.41642346 0.00000000 1000.00000000 A-9 0.00316186 0.00000000 5.41350481 0.00000000 1000.00000000 A-10 0.00024330 0.00000000 0.41642337 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 941.22014776 X-1 0.00036420 0.00000000 0.62359352 0.00000000 832.54720308 B-1 0.00339557 0.00000000 5.81335577 0.00000000 996.42876498 B-2 0.00339608 0.00000000 5.81335690 0.00000000 996.42876445 B-3 0.00339490 0.00000000 5.81335598 0.00000000 996.42876524 B-4 0.00339411 0.00000000 5.81335856 0.00000000 996.42876390 B-5 0.00339574 0.00000000 5.81335692 0.00000000 996.42876308 B-6 0.00339435 0.00000000 5.81335705 0.00000000 996.42899813 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 12,498,791.26 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 65,846.99 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 12,564,638.25 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 103,693.84 Payment of Interest and Principal 12,460,944.41 Total Withdrawals (Pool Distribution Amount) 12,564,638.25 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 961.78 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 961.78
SERVICING FEES Gross Servicing Fee 99,479.96 Master Servicing Fee 4,213.88 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 103,693.84
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 9 0 0 0 9 3,998,147.37 0.00 0.00 0.00 3,998,147.37 60 Days 1 0 0 0 1 997,221.88 0.00 0.00 0.00 997,221.88 90 Days 2 0 0 0 2 940,298.58 0.00 0.00 0.00 940,298.58 120 Days 3 0 0 0 3 1,188,871.80 0.00 0.00 0.00 1,188,871.80 150 Days 3 0 0 0 3 1,369,109.62 0.00 0.00 0.00 1,369,109.62 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 18 0 0 0 18 8,493,649.25 0.00 0.00 0.00 8,493,649.25 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 1.587302% 0.000000% 0.000000% 0.000000% 1.587302% 1.650793% 0.000000% 0.000000% 0.000000% 1.650793% 60 Days 0.176367% 0.000000% 0.000000% 0.000000% 0.176367% 0.411742% 0.000000% 0.000000% 0.000000% 0.411742% 90 Days 0.352734% 0.000000% 0.000000% 0.000000% 0.352734% 0.388239% 0.000000% 0.000000% 0.000000% 0.388239% 120 Days 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.490873% 0.000000% 0.000000% 0.000000% 0.490873% 150 Days 0.529101% 0.000000% 0.000000% 0.000000% 0.529101% 0.565291% 0.000000% 0.000000% 0.000000% 0.565291% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.174603% 0.000000% 0.000000% 0.000000% 3.174603% 3.506937% 0.000000% 0.000000% 0.000000% 3.506937%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 65,846.99
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 8.312499% Weighted Average Net Coupon 7.840343% Weighted Average Pass-Through Rate 7.820343% Weighted Average Maturity(Stepdown Calculation ) 338 Beginning Scheduled Collateral Loan Count 594 Number Of Loans Paid In Full 27 Ending Scheduled Collateral Loan Count 567 Beginning Scheduled Collateral Balance 252,831,925.42 Ending Scheduled Collateral Balance 242,017,712.86 Ending Actual Collateral Balance at 31-Aug-2002 242,195,628.08 Monthly P &I Constant 1,936,774.32 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 242,017,712.86 Scheduled Principal 185,386.81 Unscheduled Principal 10,628,825.75
Miscellaneous Reporting Senior Percent 89.332889% Senior Prep Percent 100.000000% Subordinate Percent 10.667111% Subordinate Prep Percent 0.000000% Three Month Rolling Average 4,480,547.28 Prepayment Penalties 0.00
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