10-K 1 gmac02j2_10k.txt GMAC 02J2 10K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Mark One) [ x] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended DECEMBER 31, 2002 or [ ] Transition Report Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934 For the transition period from _____________ to ________ Commission file Number 333-42510 Residential Asset Mortgage Products (Exact name of registrant as specified in its charter) Delaware 41-1955181 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 8400 Normandale Lake Blvd., Ste. 600 Bloomington, Minnesota 55437 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: NA GMACM Mortgage Pass-Through Certificates Series 2002-J2 (Title of each class of securities covered by this Form) Securities registered pursuant to Section 12(b) of the Act: NONE Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. X - Yes No PART I Item 1. Business Not applicable. Item 2. Properties Not applicable on reliance of Relief Letters Item 3. Legal Proceedings There were no legal proceedings. Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the Security Holders. PART II Item 5. Market for Registrant's Common Equity and Related Stockholder matters There is no established public trading market for the notes. There were less than 300 participants in the DTC system. Item 6. Selected Financial Data. Not applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not applicable. Item 8. Financial Statements and Supplementary Data. Not applicable. Item 9. Changes in and Disagreements with Accountants on Accounting and Not applicable. PART III Item 10. Directors and Executive Officers of the Registrant Not applicable. Item 11. Executive Compensation Not applicable. Item 12. Security Ownership of Certain Beneficial Owners and Management Not applicable. Item 13. Certain Relationships and Related Transactions. Not applicable. PART IV Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K (a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Report of Independent Accountants 99.4 Report of Management (b) Reports on Form 8-K The registrant has filed Current Reports on Form 8-K with the Securities and Exchange Commission dated: April 25,2002; May 28, 2002; June 25, 2002; July 25, 2002; August 26, 2002; September 25, 2002, October 25, 2002; November 25, 2002; December 26, 2002 (c) See (a) 3 above (d) Not Applicable SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Bank One, N.A., as Trustee: GMACM Mortgage Pass-Through Certificates Series 2002-J2 /s/ Keith Richardson Keith Richardson Vice President Bank One, N.A. Date: March 31, 2003 Sarbanes-Oxley Certification I, Keith Richardson, certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of GMACM Mortgage Pass-Through Certificates Series 2002-J2 2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; 3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports; 4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and 5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports. In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Bank One, National Association, as Trustee GMAC, Mortgage Corporation, as Servicer Date: March 31, 2003 Signature: /s/ Keith Richardson Company: Bank One, N.A. Title: Vice President EXHIBIT INDEX Exhibit Number Description 99.1 Annual Summary Statement 99.2 Annual Statement of Compliance 99.3 Report of Independent Accountants 99.4 Report of Management EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year Amounts for the period ending December 31, 2002 GMACM Mortgage Pass-Through Certificates Series 2002-J2 Class Orig Bal Beg Balance Int Dist A-1 210,476,000.00 210,476,000.00 9,037,797.00 A-2 1,480,660.00 1,480,660.00 0.00 A-3 20,000,000.00 20,000,000.00 937,500.03 A-4 29,090,082.00 29,090,082.00 1,363,597.56 A-5 400,000.00 400,000.00 19,500.03 A-6 400,000.00 400,000.00 19,500.03 A-7 400,000.00 400,000.00 19,500.03 A-8 400,000.00 400,000.00 19,500.03 A-9 400,000.00 400,000.00 19,500.03 A-10 400,000.00 400,000.00 19,500.03 A-11 400,000.00 400,000.00 19,500.03 A-12 400,000.00 400,000.00 19,500.03 A-13 400,000.00 400,000.00 19,500.03 A-14 400,000.00 400,000.00 19,500.03 A-15 300,000.00 300,000.00 14,625.00 A-16 300,000.00 300,000.00 14,625.00 A-17 300,000.00 300,000.00 14,625.00 A-18 300,000.00 300,000.00 14,625.00 A-19 300,000.00 300,000.00 14,625.00 A-20 300,000.00 300,000.00 14,625.00 A-21 300,000.00 300,000.00 14,625.00 A-22 300,000.00 300,000.00 14,625.00 A-23 300,000.00 300,000.00 14,625.00 A-24 300,000.00 300,000.00 14,625.00 A-25 300,000.00 300,000.00 14,625.00 A-26 300,000.00 300,000.00 14,625.00 A-27 300,000.00 300,000.00 14,625.00 A-28 300,000.00 300,000.00 14,625.00 A-29 300,000.00 300,000.00 14,625.00 A-30 300,000.00 300,000.00 14,625.00 A-31 300,000.00 300,000.00 14,625.00 A-32 300,000.00 300,000.00 14,625.00 A-33 300,000.00 300,000.00 14,625.00 A-34 300,000.00 300,000.00 14,625.00 A-35 4,000,000.00 4,000,000.00 202,500.00 A-36 2,000,000.00 2,000,000.00 90,000.00 A-37 4,000,000.00 4,000,000.00 195,000.03 A-38 4,129,000.00 4,129,000.00 201,288.78 A-39 3,620,000.00 3,620,000.00 176,474.97 A-40 2,103,000.00 2,103,000.00 102,521.25 PO 409,618.00 409,618.00 0.00 IO 289,615,522.00 289,615,522.00 859,575.10 M-1 4,200,000.00 4,200,000.00 196,184.36 M-2 1,800,000.00 1,800,000.00 84,079.01 M-3 1,050,000.00 1,050,000.00 49,046.09 B-1 600,000.00 600,000.00 28,026.33 B-2 450,000.00 450,000.00 21,019.76 B-3 600,253.00 600,253.00 28,038.15 R-1 50.00 50.00 3,754.23 R-2 50.00 50.00 0.26 Totals300,008,713.00 300,008,713.00 14,063,903.21 Class Prin Dist PT Rate End Bal A-1 70,928,128.38 6.25 139,547,871.62 A-2 0.00 0.00 1,480,660.00 A-3 0.00 6.25 20,000,000.00 A-4 0.00 6.25 29,090,082.00 A-5 0.00 6.50 400,000.00 A-6 0.00 6.50 400,000.00 A-7 0.00 6.50 400,000.00 A-8 0.00 6.50 400,000.00 A-9 0.00 6.50 400,000.00 A-10 0.00 6.50 400,000.00 A-11 0.00 6.50 400,000.00 A-12 0.00 6.50 400,000.00 A-13 0.00 6.50 400,000.00 A-14 0.00 6.50 400,000.00 A-15 0.00 6.50 300,000.00 A-16 0.00 6.50 300,000.00 A-17 0.00 6.50 300,000.00 A-18 0.00 6.50 300,000.00 A-19 0.00 6.50 300,000.00 A-20 0.00 6.50 300,000.00 A-21 0.00 6.50 300,000.00 A-22 0.00 6.50 300,000.00 A-23 0.00 6.50 300,000.00 A-24 0.00 6.50 300,000.00 A-25 0.00 6.50 300,000.00 A-26 0.00 6.50 300,000.00 A-27 0.00 6.50 300,000.00 A-28 0.00 6.50 300,000.00 A-29 0.00 6.50 300,000.00 A-30 0.00 6.50 300,000.00 A-31 0.00 6.50 300,000.00 A-32 0.00 6.50 300,000.00 A-33 0.00 6.50 300,000.00 A-34 0.00 6.50 300,000.00 A-35 0.00 6.75 4,000,000.00 A-36 0.00 6.00 2,000,000.00 A-37 0.00 6.50 4,000,000.00 A-38 0.00 6.50 4,129,000.00 A-39 0.00 6.50 3,620,000.00 A-40 0.00 6.50 2,103,000.00 PO 4,788.78 0.00 404,829.22 IO 0.00 0.401853 218,724,390.16 M-1 33,753.36 6.25 4,166,246.64 M-2 14,465.72 6.25 1,785,534.28 M-3 8,438.34 6.25 1,041,561.66 B-1 4,821.91 6.25 595,178.09 B-2 3,616.43 6.25 446,383.57 B-3 4,823.89 6.25 595,429.11 R-1 50.00 6.25 0.00 R-2 50.00 6.25 0.00 Totals 71,002,936.81 229,005,776.19 Amounts Per 1000 Class Cusip Prin Int End Bal A-1 36185NPT1 336.9891502 42.9397984 663.0108498 A-2 36185NPU8 0 0 1000 A-3 36185NPV6 0 46.8750015 1000 A-4 36185NPW4 0 46.8749988 1000 A-5 36185NPX2 0 48.7500750 1000 A-6 36185NPY0 0 48.7500750 1000 A-7 36185NPZ7 0 48.7500750 1000 A-8 36185NQA1 0 48.7500750 1000 A-9 36185NQB9 0 48.7500750 1000 A-10 36185NQC7 0 48.7500750 1000 A-11 36185NQD5 0 48.7500750 1000 A-12 36185NQE3 0 48.7500750 1000 A-13 36185NQF0 0 48.7500750 1000 A-14 36185NQG8 0 48.7500750 1000 A-15 36185NQH6 0 48.7500000 1000 A-16 36185NQJ2 0 48.7500000 1000 A-17 36185NQK9 0 48.7500000 1000 A-18 36185NQL7 0 48.7500000 1000 A-19 36185NQM5 0 48.7500000 1000 A-20 36185NQN3 0 48.7500000 1000 A-21 36185NQP8 0 48.7500000 1000 A-22 36185NQQ6 0 48.7500000 1000 A-23 36185NQR4 0 48.7500000 1000 A-24 36185NQS2 0 48.7500000 1000 A-25 36185NQT0 0 48.7500000 1000 A-26 36185NQU7 0 48.7500000 1000 A-27 36185NQV5 0 48.7500000 1000 A-28 36185NQW3 0 48.7500000 1000 A-29 36185NQX1 0 48.7500000 1000 A-30 36185NQY9 0 48.7500000 1000 A-31 36185NQZ6 0 48.7500000 1000 A-32 36185NRA0 0 48.7500000 1000 A-33 36185NRB8 0 48.7500000 1000 A-34 36185NRC6 0 48.7500000 1000 A-35 36185NRD4 0 50.6250000 1000 A-36 36185NRE2 0 45.0000000 1000 A-37 36185NRF9 0 48.7500075 1000 A-38 36185NRG7 0 48.7500073 1000 A-39 36185NRH5 0 48.7499917 1000 A-40 36185NRJ1 0 48.7500000 1000 PO 36185NRK8 11.6908437 0 988.3091563 IO 36185NRL6 0 2.9679870 755.2232997 M-1 36185NRP7 8.0365143 46.7105619 991.9634857 M-2 36185NRQ5 8.0365111 46.7105611 991.9634889 M-3 36185NRR3 8.0365143 46.7105619 991.9634857 B-1 36185NSN1 8.0365167 46.7105500 991.9634833 B-2 36185NSP6 8.0365111 46.7105778 991.9634889 B-3 36185NSQ4 8.0364280 46.7105537 991.9635720 R-1 36185NRM4 1000 75084.6000000 0 R-2 36185NRN2 1000 5.20000000 0 Totals 236.6695824 44.0131487 763.3304176 Class Current Losses Cumulative Losses Total Distribution A-1 0.00 0.00 79965925.38 A-2 0.00 0.00 0.00 A-3 0.00 0.00 937500.03 A-4 0.00 0.00 1363597.56 A-5 0.00 0.00 19500.03 A-6 0.00 0.00 19500.03 A-7 0.00 0.00 19500.03 A-8 0.00 0.00 19500.03 A-9 0.00 0.00 19500.03 A-10 0.00 0.00 19500.03 A-11 0.00 0.00 19500.03 A-12 0.00 0.00 19500.03 A-13 0.00 0.00 19500.03 A-14 0.00 0.00 19500.03 A-15 0.00 0.00 14625.00 A-16 0.00 0.00 14625.00 A-17 0.00 0.00 14625.00 A-18 0.00 0.00 14625.00 A-19 0.00 0.00 14625.00 A-20 0.00 0.00 14625.00 A-21 0.00 0.00 14625.00 A-22 0.00 0.00 14625.00 A-23 0.00 0.00 14625.00 A-24 0.00 0.00 14625.00 A-25 0.00 0.00 14625.00 A-26 0.00 0.00 14625.00 A-27 0.00 0.00 14625.00 A-28 0.00 0.00 14625.00 A-29 0.00 0.00 14625.00 A-30 0.00 0.00 14625.00 A-31 0.00 0.00 14625.00 A-32 0.00 0.00 14625.00 A-33 0.00 0.00 14625.00 A-34 0.00 0.00 14625.00 A-35 0.00 0.00 202500.00 A-36 0.00 0.00 90000.00 A-37 0.00 0.00 195000.03 A-38 0.00 0.00 201288.78 A-39 0.00 0.00 176474.97 A-40 0.00 0.00 102521.25 PO 0.00 0.00 4788.78 IO 0.00 0.00 859575.10 M-1 0.00 0.00 229937.72 M-2 0.00 0.00 98544.73 M-3 0.00 0.00 57484.43 B-1 0.00 0.00 32848.24 B-2 0.00 0.00 24636.19 B-3 0.00 0.00 32862.04 R-1 0.00 0.00 3804.23 R-2 0.00 0.00 50.26 Totals 0.00 0.00 85066840.02 Class Sched Prin Dist Accretion Prin Unsched Prin Adj A-1 70,928,128.38 0.00 0.00 A-2 0.00 0.00 0.00 A-3 0.00 0.00 0.00 A-4 0.00 0.00 0.00 A-5 0.00 0.00 0.00 A-6 0.00 0.00 0.00 A-7 0.00 0.00 0.00 A-8 0.00 0.00 0.00 A-9 0.00 0.00 0.00 A-10 0.00 0.00 0.00 A-11 0.00 0.00 0.00 A-12 0.00 0.00 0.00 A-13 0.00 0.00 0.00 A-14 0.00 0.00 0.00 A-15 0.00 0.00 0.00 A-16 0.00 0.00 0.00 A-17 0.00 0.00 0.00 A-18 0.00 0.00 0.00 A-19 0.00 0.00 0.00 A-20 0.00 0.00 0.00 A-21 0.00 0.00 0.00 A-22 0.00 0.00 0.00 A-23 0.00 0.00 0.00 A-24 0.00 0.00 0.00 A-25 0.00 0.00 0.00 A-26 0.00 0.00 0.00 A-27 0.00 0.00 0.00 A-28 0.00 0.00 0.00 A-29 0.00 0.00 0.00 A-30 0.00 0.00 0.00 A-31 0.00 0.00 0.00 A-32 0.00 0.00 0.00 A-33 0.00 0.00 0.00 A-34 0.00 0.00 0.00 A-35 0.00 0.00 0.00 A-36 0.00 0.00 0.00 A-37 0.00 0.00 0.00 A-38 0.00 0.00 0.00 A-39 0.00 0.00 0.00 A-40 0.00 0.00 0.00 PO 4,788.78 0.00 0.00 IO 0.00 0.00 0.00 M-1 33,753.36 0.00 0.00 M-2 14,465.72 0.00 0.00 M-3 8,438.34 0.00 0.00 B-1 4,821.91 0.00 0.00 B-2 3,616.43 0.00 0.00 B-3 4,823.93 0.00 0.00 R-1 50.00 0.00 0.00 R-2 50.00 0.00 0.00 Totals 71,002,936.85 0.00 0.00 Class Net Prin Dist End Cert Factor A-1 70,928,128.38 0.663010850 A-2 0.00 1 A-3 0.00 1 A-4 0.00 1 A-5 0.00 1 A-6 0.00 1 A-7 0.00 1 A-8 0.00 1 A-9 0.00 1 A-10 0.00 1 A-11 0.00 1 A-12 0.00 1 A-13 0.00 1 A-14 0.00 1 A-15 0.00 1 A-16 0.00 1 A-17 0.00 1 A-18 0.00 1 A-19 0.00 1 A-20 0.00 1 A-21 0.00 1 A-22 0.00 1 A-23 0.00 1 A-24 0.00 1 A-25 0.00 1 A-26 0.00 1 A-27 0.00 1 A-28 0.00 1 A-29 0.00 1 A-30 0.00 1 A-31 0.00 1 A-32 0.00 1 A-33 0.00 1 A-34 0.00 1 A-35 0.00 1 A-36 0.00 1 A-37 0.00 1 A-38 0.00 1 A-39 0.00 1 A-40 0.00 1 PO 4,788.78 0.988309156 IO 0.00 0.755223300 M-1 33,753.36 0.991963486 M-2 14,465.72 0.991963489 M-3 8,438.34 0.991963486 B-1 4,821.91 0.991963483 B-2 3,616.43 0.991963489 B-3 4,823.89 0.991963572 R-1 50.00 0 R-2 50.00 0 Totals 71,002,936.81 Class Accrued Int Cum Unpaid Int Deferred Int A-1 9,037,797.00 0.00 0.00 A-2 0.00 0.00 0.00 A-3 937,500.03 0.00 0.00 A-4 1,363,597.56 0.00 0.00 A-5 19,500.03 0.00 0.00 A-6 19,500.03 0.00 0.00 A-7 19,500.03 0.00 0.00 A-8 19,500.03 0.00 0.00 A-9 19,500.03 0.00 0.00 A-10 19,500.03 0.00 0.00 A-11 19,500.03 0.00 0.00 A-12 19,500.03 0.00 0.00 A-13 19,500.03 0.00 0.00 A-14 19,500.03 0.00 0.00 A-15 14,625.00 0.00 0.00 A-16 14,625.00 0.00 0.00 A-17 14,625.00 0.00 0.00 A-18 14,625.00 0.00 0.00 A-19 14,625.00 0.00 0.00 A-20 14,625.00 0.00 0.00 A-21 14,625.00 0.00 0.00 A-22 14,625.00 0.00 0.00 A-23 14,625.00 0.00 0.00 A-24 14,625.00 0.00 0.00 A-25 14,625.00 0.00 0.00 A-26 14,625.00 0.00 0.00 A-27 14,625.00 0.00 0.00 A-28 14,625.00 0.00 0.00 A-29 14,625.00 0.00 0.00 A-30 14,625.00 0.00 0.00 A-31 14,625.00 0.00 0.00 A-32 14,625.00 0.00 0.00 A-33 14,625.00 0.00 0.00 A-34 14,625.00 0.00 0.00 A-35 202,500.00 0.00 0.00 A-36 90,000.00 0.00 0.00 A-37 195,000.03 0.00 0.00 A-38 201,288.78 0.00 0.00 A-39 176,474.97 0.00 0.00 A-40 102,521.25 0.00 0.00 PO 0.00 0.00 0.00 IO 859,575.10 0.00 0.00 M-1 196,184.36 0.00 0.00 M-2 84,079.01 0.00 0.00 M-3 49,046.09 0.00 0.00 B-1 28,026.33 0.00 0.00 B-2 21,019.76 0.00 0.00 B-3 28,038.15 0.00 0.00 R-1 0.26 0.00 0.00 R-2 0.26 0.00 0.00 Totals 14,060,149.24 0.00 0.00 Class Total Int Due Net PPIS Unsch Int Adj A-1 9,037,797.00 0.00 0.00 A-2 0.00 0.00 0.00 A-3 937,500.03 0.00 0.00 A-4 1,363,597.56 0.00 0.00 A-5 19,500.03 0.00 0.00 A-6 19,500.03 0.00 0.00 A-7 19,500.03 0.00 0.00 A-8 19,500.03 0.00 0.00 A-9 19,500.03 0.00 0.00 A-10 19,500.03 0.00 0.00 A-11 19,500.03 0.00 0.00 A-12 19,500.03 0.00 0.00 A-13 19,500.03 0.00 0.00 A-14 19,500.03 0.00 0.00 A-15 14,625.00 0.00 0.00 A-16 14,625.00 0.00 0.00 A-17 14,625.00 0.00 0.00 A-18 14,625.00 0.00 0.00 A-19 14,625.00 0.00 0.00 A-20 14,625.00 0.00 0.00 A-21 14,625.00 0.00 0.00 A-22 14,625.00 0.00 0.00 A-23 14,625.00 0.00 0.00 A-24 14,625.00 0.00 0.00 A-25 14,625.00 0.00 0.00 A-26 14,625.00 0.00 0.00 A-27 14,625.00 0.00 0.00 A-28 14,625.00 0.00 0.00 A-29 14,625.00 0.00 0.00 A-30 14,625.00 0.00 0.00 A-31 14,625.00 0.00 0.00 A-32 14,625.00 0.00 0.00 A-33 14,625.00 0.00 0.00 A-34 14,625.00 0.00 0.00 A-35 202,500.00 0.00 0.00 A-36 90,000.00 0.00 0.00 A-37 195,000.03 0.00 0.00 A-38 201,288.78 0.00 0.00 A-39 176,474.97 0.00 0.00 A-40 102,521.25 0.00 0.00 PO 0.00 0.00 0.00 IO 859,575.10 0.00 0.00 M-1 196,184.36 0.00 0.00 M-2 84,079.01 0.00 0.00 M-3 49,046.09 0.00 0.00 B-1 28,026.33 0.00 0.00 B-2 21,019.76 0.00 0.00 B-3 28,038.15 0.00 0.00 R-1 0.26 0.00 0.00 R-2 0.26 0.00 0.00 Totals 14,060,149.24 0.00 0.00 Class Beg Bal Factor Class Desc Cert Rate Type A-1 1000 Senior Fix- 30/ 360 A-2 1000 Strip PO Fix- 30/ 360 A-3 1000 Senior Fix- 30/ 360 A-4 1000 Senior Fix- 30/ 360 A-5 1000 Senior Fix- 30/ 360 A-6 1000 Senior Fix- 30/ 360 A-7 1000 Senior Fix- 30/ 360 A-8 1000 Senior Fix- 30/ 360 A-9 1000 Senior Fix- 30/ 360 A-10 1000 Senior Fix- 30/ 360 A-11 1000 Senior Fix- 30/ 360 A-12 1000 Senior Fix- 30/ 360 A-13 1000 Senior Fix- 30/ 360 A-14 1000 Senior Fix- 30/ 360 A-15 1000 Senior Fix- 30/ 360 A-16 1000 Senior Fix- 30/ 360 A-17 1000 Senior Fix- 30/ 360 A-18 1000 Senior Fix- 30/ 360 A-19 1000 Senior Fix- 30/ 360 A-20 1000 Senior Fix- 30/ 360 A-21 1000 Senior Fix- 30/ 360 A-22 1000 Senior Fix- 30/ 360 A-23 1000 Senior Fix- 30/ 360 A-24 1000 Senior Fix- 30/ 360 A-25 1000 Senior Fix- 30/ 360 A-26 1000 Senior Fix- 30/ 360 A-27 1000 Senior Fix- 30/ 360 A-28 1000 Senior Fix- 30/ 360 A-29 1000 Senior Fix- 30/ 360 A-30 1000 Senior Fix- 30/ 360 A-31 1000 Senior Fix- 30/ 360 A-32 1000 Senior Fix- 30/ 360 A-33 1000 Senior Fix- 30/ 360 A-34 1000 Senior Fix- 30/ 360 A-35 1000 Senior Fix- 30/ 360 A-36 1000 Senior Fix- 30/ 360 A-37 1000 Senior Fix- 30/ 360 A-38 1000 Senior Fix- 30/ 360 A-39 1000 Senior Fix- 30/ 360 A-40 1000 Senior Fix- 30/ 360 PO 1000 Strip PO Fix- 30/ 360 IO 1000 Strip IO Fix- 30/ 360 M-1 1000 Mezzanine Fix- 30/ 360 M-2 1000 Mezzanine Fix- 30/ 360 M-3 1000 Mezzanine Fix- 30/ 360 B-1 1000 Junior Fix- 30/ 360 B-2 1000 Junior Fix- 30/ 360 B-3 1000 Junior Fix- 30/ 360 R-1 1000 Senior Fix- 30/ 360 R-2 1000 Senior Fix- 30/ 360 Totals 1000 Pool Level Data Distribution Date 12/25/02 Cut-off Date 3/1/02 Determination Date 4/1/02 Accrual Period 30/360 Begin 3/1/02 End 12/1/02 Number of Days in 30/360 Accrual Period 274 Group 1 Cut-Off Date Balance 300,008,713.08 Beginning Aggregate Pool Stated Principal Balance 300,008,713.08 Ending Aggregate Pool Stated Principal Balance 229,005,776.15 Beginning Aggregate Certificate Stated Principal Balance 300,008,713.00 Ending Aggregate Certificate Stated Principal Balance 229,005,776.20 Beginning Aggregate Loan Count 736 Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement 165 Ending Aggregate Loan Count 571 Beginning Weighted Average Loan Rate (WAC) 6.915366% Ending Weighted Average Loan Rate (WAC) 6.869504% Beginning Net Weighted Average Loan Rate 6.665366% Ending Net Weighted Average Loan Rate 6.619504% Weighted Average Maturity (WAM) (Months) 346 Servicer Advances Aggregate Pool Prepayment 15,987,404.68 Pool Prepayment Rate 55.5052 CPR Prepayment Compensation Total Gross Prepayment Interest Shortfall 39,240 Compensation for Gross PPIS from Servicing Fees 39,240 Other Gross PPIS Compensation Total Net PPIS (Non-Supported PPIS) Master Servicing Fees Paid 1,095,573.52 Insurance Premium(s) Paid 11,940.80 Total Fees 1,107,514.32 Delinquency Information Group 1 Delinquency 30 - 59 Days 60 - 89 Days 90+ Days Total Scheduled Principal 4,416,442.52 696,618.93 648,747.99 5,761,809.44 Percentage of Total 1.9285% 0.3042% 0.2833% 2.5160% Number of Loans 10 2 1 13 Percentage of Total 1.7513% 0.3503% 0.1751% 2.2767% Foreclosure 30 - 59 Days 60 - 89 Days 90+ Days Total Scheduled Principal 0.00 0.00 0.00 0.00 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% Number of Loans 0 0 0 0 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% Bankruptcy 30 - 59 Days 60 - 89 Days 90+ Days Total Scheduled Principal 0.00 0.00 0.00 0.00 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% Number of Loans 0 0 0 0 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% REO 30 - 59 Days 60 - 89 Days 90+ Days Total Scheduled Principal 0.00 0.00 0.00 0.00 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% Number of Loans 0 0 0 0 Percentage of Total 0.0000% 0.0000% 0.0000% 0.0000% Book Value of all REO Loans 0.00 Percentage of Total Pool Balance 0.00 Current Realized Losses 0.00 Additional Gains (Recoveries)/Losses 0.00 Total Realized Losses 0.00 Subordination/Credit Enhancement Information Protection Original Current Bankruptcy Loss 0.00 0.00 Bankruptcy Percentage 0.00000% 0.00000% Credit/Fraud Loss 0.00 6,000,174.26 Credit/Fraud Loss Percentage 0.00000% 2.62010% Special Hazard Loss 0.00 0.00 Special Hazard Loss Percentage 0.00000% 0.00000% Credit Support Original Current Class A 291,308,460.00 220,375,442.84 Class A Percentage 97.10000% 96.23139% Class M-1 4,200,000.00 4,166,246.64 Class M-1 Percentage 1.39996% 1.81928% Class M-2 1,800,000.00 1,785,534.28 Class M-2 Percentage 0.59998% 0.77969% Class M-3 1,050,000.00 1,041,561.66 Class M-3 Percentage 0.34999% 0.45482% Class B-1 600,000.00 595,178.09 Class B-1 Percentage 0.19999% 0.25990% Class B-2 450,000.00 446,383.57 Class B-2 Percentage 0.15000% 0.19492% Class B-3 600,253.00 595,429.11 Class B-3 Percentage 0.20008% 0.26001% EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance Officer's Certificate GMAC Mortgage Corporation I, William Maguire, hereby certify that I am the duly elected Senior VicePresident of GMAC Mortgager Corporation (the "Servicer"), a corporationorganized under the laws of the Commonwealth of Pennsylvania, that I have made such reasonable investigation as I have deemed necessary to deliver this Certificate, including discussions with responsible officers of the Servicer and further certify to the best of my knowledge as follows: 1. A review of the activities of the Servicer during the calendar year beginning January 1, 2002 and ending on December 31, 2002 (the Calendar Year") and of its performance under the servicing agreements, including the servicer agreement dated as of March 27, 2002 (the "Servicing Agreement"), by and among the Servicer, and the Issuer, has been made under my supervision. 2. To the best of my knowledge, based on such review, the Servicer has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations in all material respects throughout the Calendar Year. Capitalized terms not defined herein have the meanings set forth in the Servicing Agreement. IN WITNESS WHEREOF, I have hereunto signed my name and affixed the seal of the Servicer. Dated: March 31, 2003 Re: 301500000000/ GMAC 02-J2 GMAC MORTGAGE CORPORTATION By: /s/ William Maguire Name: William Maguire Title: Senior Vice President EXHIBIT 99.3 -- Report of Independent Auditors Pricewaterhouse Coopers LLP 160 Federal Street Boston, MA 02110-9862 Telephone (617) 428 8400 Facsimile (617) 439 7393 Report of Independent Accountants To the Board of Directors and Stockholder of GMAC Mortgage Corporation: We have examined management's assertion about GMAC Mortgage Corporation and its subsidiaries' (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") exclusive of standards I.4., III.3., III.4., V.3. and V.4., (collectively the "Applicable Standards") solely for the purposes of servicing the home equity loans underlying the Consumer Lending Portfolio as of and for the year ended December 31, 2002 included in the accompanying management assertion (see Exhibit I). As the loans applicable to management's assertion are home equity loans, rather than first mortgage loans, certain USAP minimum servicing standards relating to escrows are not applicable. Therefore, USAP minimum servicing standards I.4., III.3., III.4., V.3. and V.4., were not addressed during our examination. Further, management's assertion and this report relate only to the servicing of home equity loans underlying the Notes and not loans in the general consumer loan servicing population. Management is responsible for the Company's compliance with those Applicable Standards. Our responsibility is to express an opinion exclusively on management's assertion about the entity's compliance with the Applicable Standards based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the Applicable Standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the Applicable Standards. In our opinion, management's assertion that the Company complied with the Applicable Standards solely for the purpose of servicing loans underlying the Consumer Lending Portfolio as of and for the year December 31, 2002 is fairly stated, in all material respects. /s/Pricewaterhouse Coopers LLP Pricewaterhouse Coopers LLP March 7, 2003 EXHIBIT 99.4 -- Report of Management GMAC Mortgage Corporation 4 Walnut Grove Dr. P.O. Box 965 Horsham, PA 19044-0965 Exhibit 1 Management's Assertion Concerning Compliance With USAP Minimum Servicing Standards March 7, 2003 As of and for the year ended December 31, 2002, GMAC Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards (the "Standards") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). As of and for this same period, the Company had in effect fidelity bond and errors and omissions policies in the amounts of $400,000,000 and $400,000,000, respectively. /s/ David Applegate David Applegate Chief Executive Officer GMAC Residential Holding Corp /s/ Ralph Hall Ralph Hall Chief Operating Officer GMAC Residential Holding Corp