-----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, S4wRNzl2JBm45Wx3GuJaP/yKq5f8d6z5GOseE+pIcYpJqOaSHVgvAbCr2hAYtn8Q 8wBD4ejZS0ZeXefiF5cEcA== 0001056404-02-001145.txt : 20020909 0001056404-02-001145.hdr.sgml : 20020909 20020909151036 ACCESSION NUMBER: 0001056404-02-001145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTION ONE MORTGAGE ACCEPT CORP ASSET BACKED CER SER 2002-4 CENTRAL INDEX KEY: 0001175002 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: 333-82832-03 FILM NUMBER: 02759536 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 MAIL ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt02004.txt AUGUST 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): August 26, 2002 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-03 Pooling and Servicing Agreement) (Commission 52-2365710 (State or other File Number) 52-2365711 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 August 26, 2002 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed 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 Asset-Backed Certificates, Series 2002-4 Trust, relating to the August 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust By: Wells Fargo Bank, N. A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/29/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2002-4 Trust, relating to the August 26, 2002 distribution. EX-99.1
Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 7/31/02 Distribution Date: 8/26/02 OOMC 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 68389FCM4 SEN 2.09688% 271,415,914.96 505,890.31 2,601,186.35 M1 68389FCN2 MEZ 2.43688% 18,938,000.00 41,021.90 0.00 M2 68389FCP7 MEZ 2.96688% 18,114,000.00 47,770.72 0.00 M3 68389FCQ5 MEZ 3.63688% 16,138,000.00 52,170.64 0.00 C OPT02004C JUN 0.00000% 2,799,888.00 1,559,006.23 0.00 R1 OPT0204R1 JUN 0.00000% 0.00 0.00 0.00 R2 OPT0204R2 JUN 0.00000% 0.00 0.00 0.00 P OPT02004P JUN 0.00000% 100.00 53,838.81 0.00 Totals 327,405,902.96 2,259,698.61 2,601,186.35
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 268,814,728.61 3,107,076.66 0.00 M1 0.00 18,938,000.00 41,021.90 0.00 M2 0.00 18,114,000.00 47,770.72 0.00 M3 0.00 16,138,000.00 52,170.64 0.00 C 0.00 2,799,888.00 1,559,006.23 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 100.00 53,838.81 0.00 Totals 0.00 324,804,716.61 4,860,884.96 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 273,355,000.00 271,415,914.96 0.00 2,601,186.35 0.00 0.00 M1 18,938,000.00 18,938,000.00 0.00 0.00 0.00 0.00 M2 18,114,000.00 18,114,000.00 0.00 0.00 0.00 0.00 M3 16,138,000.00 16,138,000.00 0.00 0.00 0.00 0.00 C 2,799,888.31 2,799,888.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 329,344,988.31 327,405,902.96 0.00 2,601,186.35 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 2,601,186.35 268,814,728.61 0.98339057 2,601,186.35 M1 0.00 18,938,000.00 1.00000000 0.00 M2 0.00 18,114,000.00 1.00000000 0.00 M3 0.00 16,138,000.00 1.00000000 0.00 C 0.00 2,799,888.00 0.99999989 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2,601,186.35 324,804,716.61 0.98621424 2,601,186.35
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,355,000.00 992.90634874 0.00000000 9.51578113 0.00000000 M1 18,938,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 18,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 16,138,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 2,799,888.31 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 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 9.51578113 983.39056761 0.98339057 9.51578113 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.99988928 0.99999989 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 273,355,000.00 2.09688% 271,415,914.96 505,890.31 0.00 0.00 M1 18,938,000.00 2.43688% 18,938,000.00 41,021.90 0.00 0.00 M2 18,114,000.00 2.96688% 18,114,000.00 47,770.72 0.00 0.00 M3 16,138,000.00 3.63688% 16,138,000.00 52,170.64 0.00 0.00 C 2,799,888.31 0.00000% 2,799,888.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 329,344,988.31 646,853.57 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 0.00 505,890.31 0.00 268,814,728.61 M1 0.00 0.00 41,021.90 0.00 18,938,000.00 M2 0.00 0.00 47,770.72 0.00 18,114,000.00 M3 0.00 0.00 52,170.64 0.00 16,138,000.00 C 0.00 0.00 1,559,006.23 0.00 2,799,888.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 53,838.81 0.00 100.00 Totals 0.00 0.00 2,259,698.61 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 273,355,000.00 2.09688% 992.90634874 1.85067151 0.00000000 0.00000000 M1 18,938,000.00 2.43688% 1000.00000000 2.16611575 0.00000000 0.00000000 M2 18,114,000.00 2.96688% 1000.00000000 2.63722645 0.00000000 0.00000000 M3 16,138,000.00 3.63688% 1000.00000000 3.23278225 0.00000000 0.00000000 C 2,799,888.31 0.00000% 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 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 1.85067151 0.00000000 983.39056761 M1 0.00000000 0.00000000 2.16611575 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.63722645 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.23278225 0.00000000 1000.00000000 C 0.00000000 0.00000000 556.81015004 0.00000000 999.99988928 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 538388.10000000 0.00000000 1000.00000000 (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 4,945,783.29 Liquidations, Insurance Proceeds, Reserve Funds 1.12 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 53,838.81 Total Deposits 4,999,623.22 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 138,738.26 Payment of Interest and Principal 4,860,884.96 Total Withdrawals (Pool Distribution Amount) 4,999,623.22 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 136,419.13 Wells Fargo 2,319.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 138,738.26
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.12 1.12 1,000.00
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 3 0 0 3 327,249.66 0.00 0.00 327,249.66 30 Days 30 0 0 0 30 3,202,797.92 0.00 0.00 0.00 3,202,797.92 60 Days 0 0 7 0 7 0.00 0.00 897,993.05 0.00 897,993.05 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 30 3 7 0 40 3,202,797.92 327,249.66 897,993.05 0.00 4,428,040.63 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 0.142653% 0.000000% 0.000000% 0.142653% 0.100736% 0.000000% 0.000000% 0.100736% 30 Days 1.426534% 0.000000% 0.000000% 0.000000% 1.426534% 0.985901% 0.000000% 0.000000% 0.000000% 0.985901% 60 Days 0.000000% 0.000000% 0.332858% 0.000000% 0.332858% 0.000000% 0.000000% 0.276425% 0.000000% 0.276425% 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 1.426534% 0.142653% 0.332858% 0.000000% 1.902045% 0.985901% 0.100736% 0.276425% 0.000000% 1.363062%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 66,466.20
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.593358% Weighted Average Net Coupon 8.093358% Weighted Average Pass-Through Rate 8.084858% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 2,116 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 2,103 Beginning Scheduled Collateral Balance 327,405,902.96 Ending Scheduled Collateral Balance 324,804,716.61 Ending Actual Collateral Balance at 31-Jul-2002 324,859,914.79 Monthly P &I Constant 2,571,509.00 Special Servicing Fee 0.00 Prepayment Penalties 53,838.81 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 324,804,716.61 Scheduled Principal 226,912.16 Unscheduled Principal 2,374,274.19
Credit Enhancement Percentage 17.1010625660% Net WAC Rate Carryover Amount 0.00 Trigger Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 2,374,274.19 Unscheduled Principal - Involuntary 0.00
Miscellaneous Reporting General Excess Available Amt 1,559,006.23 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 2,799,888.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Target Overcollateralization Amt 2,799,888.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.166025 8.800517 8.593358 Weighted Average Net Rate 7.666025 8.300516 8.093358 Pass-Through Rate 7.657526 8.292016 8.084858 Weighted Average Maturity 340 347 346 Beginning Loan Count 502 1,614 2,116 Loans Paid In Full 4 9 13 Ending Loan Count 498 1,605 2,103 Beginning Scheduled Balance 106,896,421.23 220,509,481.73 327,405,902.96 Ending scheduled Balance 105,959,619.26 218,845,097.35 324,804,716.61 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal And Interest Constant 821,394.63 1,750,114.37 2,571,509.00 Scheduled Principal 93,962.24 132,949.92 226,912.16 Unscheduled Principal 842,839.73 1,531,434.46 2,374,274.19 Scheduled Interest 727,432.39 1,617,164.45 2,344,596.84 Servicing Fees 44,540.18 91,878.95 136,419.13 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 757.18 1,561.95 2,319.13 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 682,892.20 1,525,285.41 2,208,177.61 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
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