-----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, D0PdoIw4DGpgB9qJ2NtaYQhNDaTxlg/eq6QpOQrfOWWpTJN9OxwmtLz8DOnl7mCr tqZNb7UnwDCp1JeV0pT27g== 0001056404-03-000107.txt : 20030114 0001056404-03-000107.hdr.sgml : 20030114 20030109125410 ACCESSION NUMBER: 0001056404-03-000107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021226 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030109 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: 03508834 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 DECEMBER 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): December 26, 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 December 26, 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 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. 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: 1/7/03 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 December 26, 2002 distribution. EX-99.1
Bear Stearns Asset Backed Securities Asset-Backed Certificates Record Date: 11/30/02 Distribution Date: 12/26/02 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% 0.00 0.00 0.00 A-2 07384YDE3 SEN 4.70000% 13,274,237.66 51,809.35 6,810,826.34 A-3 07384YDF0 SEN 1.73000% 15,549,820.93 22,339.44 7,978,396.40 A-4 07384YDG8 SEN 6.77000% 0.00 87,420.80 0.00 A-5 07384YDH6 SEN 1.88000% 21,322,795.06 33,289.15 2,464,870.39 A-6 07384YDJ2 SEN 6.62000% 0.00 117,220.30 0.00 A-7 07384YDK9 SEN 6.25000% 99,112,715.00 514,410.81 0.00 A-8 07384YDL7 SEN 0.50000% 0.00 41,152.87 0.00 A-9 07384YDM5 SEN 6.50000% 29,100,000.00 157,074.99 0.00 A-10 07384YDN3 SEN 0.50000% 0.00 12,082.69 0.00 PO 07384YDQ6 PO 0.00000% 1,320,048.05 0.00 95,423.28 X-1 07384YDP8 SEN 0.87567% 0.00 150,113.88 0.00 B-1 07384YDR4 SUB 7.00000% 9,399,852.25 54,641.14 7,162.15 B-2 07384YDS2 SUB 7.00000% 5,206,055.18 30,262.69 3,966.72 B-3 07384YDT0 SUB 7.00000% 4,627,593.55 26,900.10 3,525.96 B-4 07384YDW3 SUB 7.00000% 1,735,384.89 10,087.76 1,322.26 B-5 07384YDY9 SUB 7.00000% 2,024,615.71 11,769.05 1,542.64 B-6 07384YEA0 SUB 7.00000% 3,760,713.86 21,860.95 2,865.45 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 206,433,832.14 1,342,435.97 17,369,901.59
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 0.00 0.00 A-2 0.00 6,463,411.32 6,862,635.69 0.00 A-3 0.00 7,571,424.53 8,000,735.84 0.00 A-4 0.00 0.00 87,420.80 0.00 A-5 0.00 18,857,924.67 2,498,159.54 0.00 A-6 0.00 0.00 117,220.30 0.00 A-7 0.00 99,112,715.00 514,410.81 0.00 A-8 0.00 0.00 41,152.87 0.00 A-9 0.00 29,100,000.00 157,074.99 0.00 A-10 0.00 0.00 12,082.69 0.00 PO 0.00 1,224,624.78 95,423.28 0.00 X-1 0.00 0.00 150,113.88 0.00 B-1 0.00 9,392,690.09 61,803.29 0.00 B-2 0.00 5,202,088.46 34,229.41 0.00 B-3 0.00 4,624,067.58 30,426.06 0.00 B-4 0.00 1,734,062.63 11,410.02 0.00 B-5 0.00 2,023,073.06 13,311.69 0.00 B-6 0.00 3,757,848.41 24,726.40 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 189,063,930.53 18,712,337.56 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 0.00 0.00 0.00 0.00 0.00 A-2 27,775,724.00 13,274,237.66 53,644.68 6,757,181.65 0.00 0.00 A-3 32,537,276.00 15,549,820.93 62,840.91 7,915,555.48 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 33,314,285.00 21,322,795.06 19,414.27 2,445,456.13 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 1,320,048.05 1,610.87 93,812.41 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,447,600.00 9,399,852.25 7,162.15 0.00 0.00 0.00 B-2 5,232,500.00 5,206,055.18 3,966.72 0.00 0.00 0.00 B-3 4,651,100.00 4,627,593.55 3,525.96 0.00 0.00 0.00 B-4 1,744,200.00 1,735,384.89 1,322.26 0.00 0.00 0.00 B-5 2,034,900.00 2,024,615.71 1,542.64 0.00 0.00 0.00 B-6 3,779,816.00 3,760,713.86 2,865.45 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 290,695,484.84 206,433,832.14 157,895.91 17,212,005.67 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 0.00 0.00 0.00000000 0.00 A-2 6,810,826.34 6,463,411.32 0.23270001 6,810,826.34 A-3 7,978,396.40 7,571,424.53 0.23270001 7,978,396.40 A-4 0.00 0.00 0.00000000 0.00 A-5 2,464,870.39 18,857,924.67 0.56606122 2,464,870.39 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 95,423.28 1,224,624.78 0.81355885 95,423.28 X-1 0.00 0.00 0.00000000 0.00 B-1 7,162.15 9,392,690.09 0.99418795 7,162.15 B-2 3,966.72 5,202,088.46 0.99418795 3,966.72 B-3 3,525.96 4,624,067.58 0.99418795 3,525.96 B-4 1,322.26 1,734,062.63 0.99418795 1,322.26 B-5 1,542.64 2,023,073.06 0.99418795 1,542.64 B-6 2,865.45 3,757,848.41 0.99418819 2,865.45 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 17,369,901.59 189,063,930.53 0.65038482 17,369,901.59
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 0.00000000 0.00000000 0.00000000 0.00000000 A-2 27,775,724.00 477.90789036 1.93135128 243.27652629 0.00000000 A-3 32,537,276.00 477.90789032 1.93135129 243.27652628 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 33,314,285.00 640.04960815 0.58276112 73.40563155 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 1,505,268.84 876.95168791 1.07015435 62.32269446 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,447,600.00 994.94604450 0.75809200 0.00000000 0.00000000 B-2 5,232,500.00 994.94604491 0.75809269 0.00000000 0.00000000 B-3 4,651,100.00 994.94604502 0.75809163 0.00000000 0.00000000 B-4 1,744,200.00 994.94604403 0.75808967 0.00000000 0.00000000 B-5 2,034,900.00 994.94604649 0.75809131 0.00000000 0.00000000 B-6 3,779,816.00 994.94627781 0.75809246 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 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 245.20787793 232.70001243 0.23270001 245.20787793 A-3 0.00000000 245.20787788 232.70001244 0.23270001 245.20787788 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 73.98839237 566.06121578 0.56606122 73.98839237 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 63.39284881 813.55884574 0.81355885 63.39284881 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.75809200 994.18795144 0.99418795 0.75809200 B-2 0.00000000 0.75809269 994.18795222 0.99418795 0.75809269 B-3 0.00000000 0.75809163 994.18795124 0.99418795 0.75809163 B-4 0.00000000 0.75808967 994.18795436 0.99418795 0.75808967 B-5 0.00000000 0.75809131 994.18795027 0.99418795 0.75809131 B-6 0.00000000 0.75809246 994.18818535 0.99418819 0.75809246 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% 0.00 0.00 0.00 0.00 A-2 27,775,724.00 4.70000% 13,274,237.66 51,990.76 0.00 0.00 A-3 32,537,276.00 1.73000% 15,549,820.93 22,417.66 0.00 0.00 A-4 0.00 6.77000% 15,549,820.93 87,726.91 0.00 0.00 A-5 33,314,285.00 1.88000% 21,322,795.06 33,405.71 0.00 0.00 A-6 0.00 6.62000% 21,322,795.06 117,630.75 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% 1,320,048.05 0.00 0.00 0.00 X-1 0.00 0.87567% 206,433,832.81 150,639.52 0.00 0.00 B-1 9,447,600.00 7.00000% 9,399,852.25 54,832.47 0.00 0.00 B-2 5,232,500.00 7.00000% 5,206,055.18 30,368.66 0.00 0.00 B-3 4,651,100.00 7.00000% 4,627,593.55 26,994.30 0.00 0.00 B-4 1,744,200.00 7.00000% 1,735,384.89 10,123.08 0.00 0.00 B-5 2,034,900.00 7.00000% 2,024,615.71 11,810.26 0.00 0.00 B-6 3,779,816.00 7.00000% 3,760,713.86 21,937.50 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 1,347,136.60 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 A-1 0.00 0.00 0.00 0.00 0.00 A-2 181.41 0.00 51,809.35 0.00 6,463,411.32 A-3 78.22 0.00 22,339.44 0.00 7,571,424.53 A-4 306.11 0.00 87,420.80 0.00 7,571,424.53 A-5 116.56 0.00 33,289.15 0.00 18,857,924.67 A-6 410.45 0.00 117,220.30 0.00 18,857,924.67 A-7 1,801.24 0.00 514,410.81 0.00 99,112,715.00 A-8 144.10 0.00 41,152.87 0.00 99,112,715.00 A-9 550.01 0.00 157,074.99 0.00 29,100,000.00 A-10 42.31 0.00 12,082.69 0.00 29,100,000.00 PO 0.00 0.00 0.00 0.00 1,224,624.78 X-1 525.63 0.00 150,113.88 0.00 189,063,931.15 B-1 191.33 0.00 54,641.14 0.00 9,392,690.09 B-2 105.97 0.00 30,262.69 0.00 5,202,088.46 B-3 94.19 0.00 26,900.10 0.00 4,624,067.58 B-4 35.32 0.00 10,087.76 0.00 1,734,062.63 B-5 41.21 0.00 11,769.05 0.00 2,023,073.06 B-6 76.55 0.00 21,860.95 0.00 3,757,848.41 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 4,700.61 0.00 1,342,435.97 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% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 27,775,724.00 4.70000% 477.90789036 1.87180575 0.00000000 0.00000000 A-3 32,537,276.00 1.73000% 477.90789032 0.68898392 0.00000000 0.00000000 A-4 0.00 6.77000% 477.90789032 2.69619712 0.00000000 0.00000000 A-5 33,314,285.00 1.88000% 640.04960815 1.00274432 0.00000000 0.00000000 A-6 0.00 6.62000% 640.04960815 3.53094026 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% 876.95168791 0.00000000 0.00000000 0.00000000 X-1 0.00 0.87567% 710.13773139 0.51820385 0.00000000 0.00000000 B-1 9,447,600.00 7.00000% 994.94604450 5.80385177 0.00000000 0.00000000 B-2 5,232,500.00 7.00000% 994.94604491 5.80385284 0.00000000 0.00000000 B-3 4,651,100.00 7.00000% 994.94604502 5.80385285 0.00000000 0.00000000 B-4 1,744,200.00 7.00000% 994.94604403 5.80385277 0.00000000 0.00000000 B-5 2,034,900.00 7.00000% 994.94604649 5.80385277 0.00000000 0.00000000 B-6 3,779,816.00 7.00000% 994.94627781 5.80385394 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00653124 0.00000000 1.86527451 0.00000000 232.70001243 A-3 0.00240401 0.00000000 0.68657991 0.00000000 232.70001244 A-4 0.00940798 0.00000000 2.68678915 0.00000000 232.70001244 A-5 0.00349880 0.00000000 0.99924552 0.00000000 566.06121578 A-6 0.01232054 0.00000000 3.51861972 0.00000000 566.06121578 A-7 0.01817365 0.00000000 5.19015961 0.00000000 1000.00000000 A-8 0.00145390 0.00000000 0.41521282 0.00000000 1000.00000000 A-9 0.01890069 0.00000000 5.39776598 0.00000000 1000.00000000 A-10 0.00145395 0.00000000 0.41521271 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 813.55884574 X-1 0.00180818 0.00000000 0.51639564 0.00000000 650.38481980 B-1 0.02025170 0.00000000 5.78360007 0.00000000 994.18795144 B-2 0.02025227 0.00000000 5.78360057 0.00000000 994.18795222 B-3 0.02025112 0.00000000 5.78359958 0.00000000 994.18795124 B-4 0.02024997 0.00000000 5.78360280 0.00000000 994.18795436 B-5 0.02025161 0.00000000 5.78360116 0.00000000 994.18795027 B-6 0.02025231 0.00000000 5.78360164 0.00000000 994.18818535 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 18,714,914.47 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 66,474.23 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 18,781,388.70 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 69,051.14 Payment of Interest and Principal 18,712,337.56 Total Withdrawals (Pool Distribution Amount) 18,781,388.70 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 17,971.91 Servicing Fee Support 13,271.32 Non-Supported Prepayment/Curtailment Interest Shortfall 4,700.61
SERVICING FEES Gross Servicing Fee 78,881.95 Master Servicing Fee 3,440.51 Supported Prepayment/Curtailment Interest Shortfall 13,271.32 Net Servicing Fee 69,051.14
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 8 0 0 0 8 3,507,543.45 0.00 0.00 0.00 3,507,543.45 60 Days 5 0 0 0 5 2,626,302.80 0.00 0.00 0.00 2,626,302.80 90 Days 3 0 0 0 3 1,115,856.19 0.00 0.00 0.00 1,115,856.19 120 Days 1 0 0 0 1 996,653.70 0.00 0.00 0.00 996,653.70 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 1 0 0 0 1 381,146.77 0.00 0.00 0.00 381,146.77 Totals 18 0 0 0 18 8,627,502.91 0.00 0.00 0.00 8,627,502.91 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 1.789709% 0.000000% 0.000000% 0.000000% 1.789709% 1.853784% 0.000000% 0.000000% 0.000000% 1.853784% 60 Days 1.118568% 0.000000% 0.000000% 0.000000% 1.118568% 1.388037% 0.000000% 0.000000% 0.000000% 1.388037% 90 Days 0.671141% 0.000000% 0.000000% 0.000000% 0.671141% 0.589745% 0.000000% 0.000000% 0.000000% 0.589745% 120 Days 0.223714% 0.000000% 0.000000% 0.000000% 0.223714% 0.526745% 0.000000% 0.000000% 0.000000% 0.526745% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.223714% 0.000000% 0.000000% 0.000000% 0.223714% 0.201441% 0.000000% 0.000000% 0.000000% 0.201441% Totals 4.026846% 0.000000% 0.000000% 0.000000% 4.026846% 4.559752% 0.000000% 0.000000% 0.000000% 4.559752%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 66,474.23
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 8.309446% Weighted Average Pass-Through Rate 7.830906% Weighted Average Maturity(Stepdown Calculation ) 335 Beginning Scheduled Collateral Loan Count 485 Number Of Loans Paid In Full 38 Ending Scheduled Collateral Loan Count 447 Beginning Scheduled Collateral Balance 206,433,832.14 Ending Scheduled Collateral Balance 189,063,930.54 Ending Actual Collateral Balance at 30-Nov-2002 189,209,921.72 Monthly P &I Constant 1,587,344.97 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,445,163.45 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 189,063,930.54 Scheduled Principal 157,895.93 Unscheduled Principal 17,212,005.67
Miscellaneous Reporting Senior Percent 86.956403% Senior Prep Percent 100.000000% Subordinate Percent 13.043597% Subordinate Prep Percent 0.000000% Three Month Rolling Average 0.019487% Prepayment Penalties 49,164.88
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