-----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, E6bbwU/xdLFOzsJCa+yE0uiSpeUBs+ik1ypKBNqW3v5kHhIzlqStuklEc8DBbDhi scMxZ7cwZWRDbn9fRf5gpA== 0001056404-02-001547.txt : 20021209 0001056404-02-001547.hdr.sgml : 20021209 20021209160748 ACCESSION NUMBER: 0001056404-02-001547 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTR ADJUSTABLE RATE MORTGAGES TRUST 2002-2 CENTRAL INDEX KEY: 0001174706 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75724-05 FILM NUMBER: 02852442 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 1: C/O WELLS FARGO BANK MINNESOTA, N.A. STREET 2: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045 FORMER COMPANY: FORMER CONFORMED NAME: MORTGAGE ASSET SEC TRANS INC MOR PASS THR CER SER 2002-2 DATE OF NAME CHANGE: 20020603 8-K 1 mam02001.txt NOVEMBER 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): November 25, 2002 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-03 Pooling and Servicing Agreement) (Commission 74-3040739 (State or other File Number) 74-3040744 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 November 25, 2002 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2002-1 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 2002-1 Trust, relating to the November 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/4/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-1 Trust, relating to the November 25, 2002 distribution. EX-99.1
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 10/31/02 11/25/02 Distribution Date: MARM Series: 2002-1 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 576433AJ5 SEN 5.86713% 66,565,745.86 325,457.99 9,430,702.20 A-2 576433AK2 SEN 5.30000% 32,713,333.79 144,483.89 4,634,661.64 A-3 576433AL0 SEN 0.56713% 0.00 15,460.47 0.00 A-R 576433AM8 RES 5.89855% 0.00 0.00 0.00 A-LR 576433AN6 RES 5.89855% 0.00 0.00 0.00 B-1 576433AP1 SUB 5.86713% 1,551,396.48 7,585.20 1,633.11 B-2 576433AQ9 SUB 5.86713% 1,163,547.36 5,688.90 1,224.83 B-3 576433AR7 SUB 5.86713% 1,008,804.49 4,932.32 1,061.94 B-4 576433AS5 SUB 5.86713% 310,477.68 1,518.01 326.83 B-5 576433AT3 SUB 5.86713% 154,742.87 756.58 162.89 B-6 576433AU0 SUB 5.86713% 466,635.74 2,281.51 491.21 Totals 103,934,684.27 508,164.87 14,070,264.65
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 57,135,043.66 9,756,160.19 0.00 A-2 0.00 28,078,672.15 4,779,145.53 0.00 A-3 0.00 0.00 15,460.47 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 B-1 0.00 1,549,763.37 9,218.31 0.00 B-2 0.00 1,162,322.53 6,913.73 0.00 B-3 0.00 1,007,742.55 5,994.26 0.00 B-4 0.00 310,150.85 1,844.84 0.00 B-5 0.00 154,579.98 919.47 0.00 B-6 0.00 466,144.53 2,772.72 0.00 Totals 0.00 89,864,419.62 14,578,429.52 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-1 101,741,000.00 66,565,745.86 70,071.85 9,360,630.35 0.00 0.00 A-2 50,000,000.00 32,713,333.79 34,436.39 4,600,225.25 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 B-1 1,564,000.00 1,551,396.48 1,633.11 0.00 0.00 0.00 B-2 1,173,000.00 1,163,547.36 1,224.83 0.00 0.00 0.00 B-3 1,017,000.00 1,008,804.49 1,061.94 0.00 0.00 0.00 B-4 313,000.00 310,477.68 326.83 0.00 0.00 0.00 B-5 156,000.00 154,742.87 162.89 0.00 0.00 0.00 B-6 470,426.68 466,635.74 491.21 0.00 0.00 0.00 Totals 156,434,526.68 103,934,684.27 109,409.05 13,960,855.60 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 9,430,702.20 57,135,043.66 0.56157344 9,430,702.20 A-2 4,634,661.64 28,078,672.15 0.56157344 4,634,661.64 A-3 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 A-LR 0.00 0.00 0.00000000 0.00 B-1 1,633.11 1,549,763.37 0.99089730 1,633.11 B-2 1,224.83 1,162,322.53 0.99089730 1,224.83 B-3 1,061.94 1,007,742.55 0.99089730 1,061.94 B-4 326.83 310,150.85 0.99089728 326.83 B-5 162.89 154,579.98 0.99089731 162.89 B-6 491.21 466,144.53 0.99089731 491.21 Totals 14,070,264.65 89,864,419.62 0.57445387 14,070,264.65
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 101,741,000.00 654.26667577 0.68872775 92.00450507 0.00000000 A-2 50,000,000.00 654.26667580 0.68872780 92.00450500 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,564,000.00 991.94148338 1.04418798 0.00000000 0.00000000 B-2 1,173,000.00 991.94148338 1.04418585 0.00000000 0.00000000 B-3 1,017,000.00 991.94148476 1.04418879 0.00000000 0.00000000 B-4 313,000.00 991.94146965 1.04418530 0.00000000 0.00000000 B-5 156,000.00 991.94147436 1.04416667 0.00000000 0.00000000 B-6 470,426.68 991.94148597 1.04417972 0.00000000 0.00000000 (2) All Classes are per $1,000 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 92.69323282 561.57344296 0.56157344 92.69323282 A-2 0.00000000 92.69323280 561.57344300 0.56157344 92.69323280 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.04418798 990.89729540 0.99089730 1.04418798 B-2 0.00000000 1.04418585 990.89729753 0.99089730 1.04418585 B-3 0.00000000 1.04418879 990.89729597 0.99089730 1.04418879 B-4 0.00000000 1.04418530 990.89728435 0.99089728 1.04418530 B-5 0.00000000 1.04416667 990.89730769 0.99089731 1.04416667 B-6 0.00000000 1.04417972 990.89730625 0.99089731 1.04417972 (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-1 101,741,000.00 5.86713% 66,565,745.86 325,457.99 0.00 0.00 A-2 50,000,000.00 5.30000% 32,713,333.79 144,483.89 0.00 0.00 A-3 0.00 0.56713% 32,713,333.79 15,460.47 0.00 0.00 A-R 50.00 5.89855% 0.00 0.00 0.00 0.00 A-LR 50.00 5.89855% 0.00 0.00 0.00 0.00 B-1 1,564,000.00 5.86713% 1,551,396.48 7,585.20 0.00 0.00 B-2 1,173,000.00 5.86713% 1,163,547.36 5,688.90 0.00 0.00 B-3 1,017,000.00 5.86713% 1,008,804.49 4,932.32 0.00 0.00 B-4 313,000.00 5.86713% 310,477.68 1,518.01 0.00 0.00 B-5 156,000.00 5.86713% 154,742.87 756.58 0.00 0.00 B-6 470,426.68 5.86713% 466,635.74 2,281.51 0.00 0.00 Totals 156,434,526.68 508,164.87 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 0.00 325,457.99 0.00 57,135,043.66 A-2 0.00 0.00 144,483.89 0.00 28,078,672.15 A-3 0.00 0.00 15,460.47 0.00 28,078,672.15 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 7,585.20 0.00 1,549,763.37 B-2 0.00 0.00 5,688.90 0.00 1,162,322.53 B-3 0.00 0.00 4,932.32 0.00 1,007,742.55 B-4 0.00 0.00 1,518.01 0.00 310,150.85 B-5 0.00 0.00 756.58 0.00 154,579.98 B-6 0.00 0.00 2,281.51 0.00 466,144.53 Totals 0.00 0.00 508,164.87 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-1 101,741,000.00 5.86713% 654.26667577 3.19888727 0.00000000 0.00000000 A-2 50,000,000.00 5.30000% 654.26667580 2.88967780 0.00000000 0.00000000 A-3 0.00 0.56713% 654.26667580 0.30920940 0.00000000 0.00000000 A-R 50.00 5.89855% 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 5.89855% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,564,000.00 5.86713% 991.94148338 4.84987212 0.00000000 0.00000000 B-2 1,173,000.00 5.86713% 991.94148338 4.84987212 0.00000000 0.00000000 B-3 1,017,000.00 5.86713% 991.94148476 4.84987217 0.00000000 0.00000000 B-4 313,000.00 5.86713% 991.94146965 4.84987220 0.00000000 0.00000000 B-5 156,000.00 5.86713% 991.94147436 4.84987179 0.00000000 0.00000000 B-6 470,426.68 5.86713% 991.94148597 4.84987374 0.00000000 0.00000000 (5) All Classes are per $1,000 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 3.19888727 0.00000000 561.57344296 A-2 0.00000000 0.00000000 2.88967780 0.00000000 561.57344300 A-3 0.00000000 0.00000000 0.30920940 0.00000000 561.57344300 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.84987212 0.00000000 990.89729540 B-2 0.00000000 0.00000000 4.84987212 0.00000000 990.89729753 B-3 0.00000000 0.00000000 4.84987217 0.00000000 990.89729597 B-4 0.00000000 0.00000000 4.84987220 0.00000000 990.89728435 B-5 0.00000000 0.00000000 4.84987179 0.00000000 990.89730769 B-6 0.00000000 0.00000000 4.84987374 0.00000000 990.89730625 (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 14,598,442.52 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,783.17 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 14,603,225.69 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 24,796.17 Payment of Interest and Principal 14,578,429.52 Total Withdrawals (Pool Distribution Amount) 14,603,225.69 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 22,414.34 Master Servicing Fee 2,381.83 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 24,796.17
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 2 0 0 0 2 810,372.58 0.00 0.00 0.00 810,372.58 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 2 0 0 0 2 810,372.58 0.00 0.00 0.00 810,372.58 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 0.925926% 0.000000% 0.000000% 0.000000% 0.925926% 0.901024% 0.000000% 0.000000% 0.000000% 0.901024% 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 0.925926% 0.000000% 0.000000% 0.000000% 0.925926% 0.901024% 0.000000% 0.000000% 0.000000% 0.901024%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,783.17
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.06392451% 100,000.00 0.11127875% Fraud 3,135,218.64 2.00417306% 3,135,218.64 3.48883201% Special Hazard 3,354,233.00 2.14417691% 3,354,233.00 3.73254845% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.153415% Weighted Average Net Coupon 5.894626% Weighted Average Pass-Through Rate 5.867126% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 246 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 216 Beginning Scheduled Collateral Balance 103,934,684.27 Ending Scheduled Collateral Balance 89,864,419.61 Ending Actual Collateral Balance at 31-Oct-2002 89,939,097.96 Monthly P &I Constant 642,370.12 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 89,864,419.61 Scheduled Principal 109,409.06 Unscheduled Principal 13,960,855.60
Miscellaneous Reporting Senior Percentage 95.520644% Senior Prepayment Percentage 100.000000% Junior Percentage 4.479356%
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