-----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, IWvkcElt1l2IUPjnpIfBe9xasogIYB8826jN1gpx3WuKTEtVBlf+8zSsbtoQgsid VTdYdsR1+Ac0Gzy5OLqA+A== 0001056404-03-000947.txt : 20030604 0001056404-03-000947.hdr.sgml : 20030604 20030604153904 ACCESSION NUMBER: 0001056404-03-000947 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030525 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THRU CERT SERS 2002-6 CENTRAL INDEX KEY: 0001176988 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: 333-68542-07 FILM NUMBER: 03732563 MAIL ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 8-K 1 bst02006.txt MAY 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): May 27, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-07 Pooling and Servicing Agreement) (Commission 52-2365549 (State or other File Number) 52-2365550 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 May 27, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-6 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 2002-6 Trust, relating to the May 27, 2003 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2002-6 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 5/28/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-6 Trust, relating to the May 27, 2003 distribution.
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 4/30/03 Distribution Date: 5/27/03 BST Series: 2002-6 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 07384MLX8 SEN 5.14284% 44,307,198.58 189,887.19 7,722,327.78 A-2 07384MLY6 SEN 5.79134% 61,698,003.65 297,761.53 10,753,381.45 A-3 07384MLZ3 SEN 5.79134% 6,534,349.64 31,535.51 527,176.57 X 07384MMC3 SEN 0.64850% 0.00 23,944.35 0.00 R-1 07384MMA7 SEN 5.84846% 0.00 0.00 0.00 R-2 07384MMB5 SEN 5.84846% 0.00 0.00 0.00 B-1 07384MMD1 SUB 5.79134% 4,667,371.15 22,525.26 376,552.96 B-2 07384MME9 SUB 5.79134% 3,360,531.25 16,218.30 271,120.07 B-3 07384MMF6 SUB 5.79134% 1,680,265.63 8,109.15 135,560.03 B-4 07384MMK5 SUB 5.79134% 933,489.24 4,505.12 75,311.80 B-5 07384MML3 SUB 5.79134% 746,776.38 3,604.03 60,248.23 B-6 07384MMM1 SUB 5.79134% 746,795.76 3,604.12 60,249.80 Totals 124,674,781.28 601,694.56 19,981,928.69
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 36,584,870.80 7,912,214.97 0.00 A-2 0.00 50,944,622.20 11,051,142.98 0.00 A-3 0.00 6,007,173.07 558,712.08 0.00 X 0.00 0.00 23,944.35 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 B-1 0.00 4,290,818.19 399,078.22 0.00 B-2 0.00 3,089,411.18 287,338.37 0.00 B-3 0.00 1,544,705.59 143,669.18 0.00 B-4 0.00 858,177.44 79,816.92 0.00 B-5 0.00 686,528.15 63,852.26 0.00 B-6 0.00 686,545.97 63,853.92 0.00 Totals 0.00 104,692,852.59 20,583,623.25 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-1 197,485,800.00 44,307,198.58 47,987.73 7,674,340.05 0.00 0.00 A-2 275,000,000.00 61,698,003.65 66,823.17 10,686,558.29 0.00 0.00 A-3 8,703,700.00 6,534,349.64 7,077.15 520,099.42 0.00 0.00 X 0.00 0.00 0.00 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 B-1 6,216,900.00 4,667,371.15 5,055.08 371,497.88 0.00 0.00 B-2 4,476,200.00 3,360,531.25 3,639.69 267,480.38 0.00 0.00 B-3 2,238,100.00 1,680,265.63 1,819.84 133,740.19 0.00 0.00 B-4 1,243,400.00 933,489.24 1,011.03 74,300.77 0.00 0.00 B-5 994,700.00 746,776.38 808.81 59,439.42 0.00 0.00 B-6 994,726.15 746,795.76 808.83 59,440.96 0.00 0.00 Totals 497,353,626.15 124,674,781.28 135,031.33 19,846,897.36 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 7,722,327.78 36,584,870.80 0.18525317 7,722,327.78 A-2 10,753,381.45 50,944,622.20 0.18525317 10,753,381.45 A-3 527,176.57 6,007,173.07 0.69018614 527,176.57 X 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 B-1 376,552.96 4,290,818.19 0.69018614 376,552.96 B-2 271,120.07 3,089,411.18 0.69018614 271,120.07 B-3 135,560.03 1,544,705.59 0.69018614 135,560.03 B-4 75,311.80 858,177.44 0.69018613 75,311.80 B-5 60,248.23 686,528.15 0.69018614 60,248.23 B-6 60,249.80 686,545.97 0.69018591 60,249.80 Totals 19,981,928.69 104,692,852.59 0.21049983 19,981,928.69
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 197,485,800.00 224.35637691 0.24299332 38.86021197 0.00000000 A-2 275,000,000.00 224.35637691 0.24299335 38.86021196 0.00000000 A-3 8,703,700.00 750.75538449 0.81311971 59.75612900 0.00000000 X 0.00 0.00000000 0.00000000 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 B-1 6,216,900.00 750.75538452 0.81311908 59.75612926 0.00000000 B-2 4,476,200.00 750.75538403 0.81312050 59.75612797 0.00000000 B-3 2,238,100.00 750.75538627 0.81311827 59.75612797 0.00000000 B-4 1,243,400.00 750.75538041 0.81311726 59.75612836 0.00000000 B-5 994,700.00 750.75538353 0.81311953 59.75612748 0.00000000 B-6 994,726.15 750.75512994 0.81311826 59.75610473 0.00000000
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 39.10320529 185.25317162 0.18525317 39.10320529 A-2 0.00000000 39.10320527 185.25317164 0.18525317 39.10320527 A-3 0.00000000 60.56924871 690.18613578 0.69018614 60.56924871 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 60.56924834 690.18613618 0.69018614 60.56924834 B-2 0.00000000 60.56924847 690.18613556 0.69018614 60.56924847 B-3 0.00000000 60.56924624 690.18613556 0.69018614 60.56924624 B-4 0.00000000 60.56924562 690.18613479 0.69018613 60.56924562 B-5 0.00000000 60.56924701 690.18613652 0.69018614 60.56924701 B-6 0.00000000 60.56923305 690.18590695 0.69018591 60.56923305 (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-1 197,485,800.00 5.14284% 44,307,198.58 189,887.19 0.00 0.00 A-2 275,000,000.00 5.79134% 61,698,003.65 297,761.53 0.00 0.00 A-3 8,703,700.00 5.79134% 6,534,349.64 31,535.51 0.00 0.00 X 0.00 0.64850% 44,307,198.58 23,944.35 0.00 0.00 R-1 50.00 5.84846% 0.00 0.00 0.00 0.00 R-2 50.00 5.84846% 0.00 0.00 0.00 0.00 B-1 6,216,900.00 5.79134% 4,667,371.15 22,525.26 0.00 0.00 B-2 4,476,200.00 5.79134% 3,360,531.25 16,218.30 0.00 0.00 B-3 2,238,100.00 5.79134% 1,680,265.63 8,109.15 0.00 0.00 B-4 1,243,400.00 5.79134% 933,489.24 4,505.12 0.00 0.00 B-5 994,700.00 5.79134% 746,776.38 3,604.03 0.00 0.00 B-6 994,726.15 5.79134% 746,795.76 3,604.12 0.00 0.00 Totals 497,353,626.15 601,694.56 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 0.00 189,887.19 0.00 36,584,870.80 A-2 0.00 0.00 297,761.53 0.00 50,944,622.20 A-3 0.00 0.00 31,535.51 0.00 6,007,173.07 X 0.00 0.00 23,944.35 0.00 36,584,870.80 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,525.26 0.00 4,290,818.19 B-2 0.00 0.00 16,218.30 0.00 3,089,411.18 B-3 0.00 0.00 8,109.15 0.00 1,544,705.59 B-4 0.00 0.00 4,505.12 0.00 858,177.44 B-5 0.00 0.00 3,604.03 0.00 686,528.15 B-6 0.00 0.00 3,604.12 0.00 686,545.97 Totals 0.00 0.00 601,694.56 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-1 197,485,800.00 5.14284% 224.35637691 0.96152326 0.00000000 0.00000000 A-2 275,000,000.00 5.79134% 224.35637691 1.08276920 0.00000000 0.00000000 A-3 8,703,700.00 5.79134% 750.75538449 3.62323035 0.00000000 0.00000000 X 0.00 0.64850% 224.35637691 0.12124593 0.00000000 0.00000000 R-1 50.00 5.84846% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 5.84846% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,216,900.00 5.79134% 750.75538452 3.62323023 0.00000000 0.00000000 B-2 4,476,200.00 5.79134% 750.75538403 3.62322953 0.00000000 0.00000000 B-3 2,238,100.00 5.79134% 750.75538627 3.62322953 0.00000000 0.00000000 B-4 1,243,400.00 5.79134% 750.75538041 3.62322664 0.00000000 0.00000000 B-5 994,700.00 5.79134% 750.75538353 3.62323314 0.00000000 0.00000000 B-6 994,726.15 5.79134% 750.75512994 3.62322836 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-1 0.00000000 0.00000000 0.96152326 0.00000000 185.25317162 A-2 0.00000000 0.00000000 1.08276920 0.00000000 185.25317164 A-3 0.00000000 0.00000000 3.62323035 0.00000000 690.18613578 X 0.00000000 0.00000000 0.12124593 0.00000000 185.25317162 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 3.62323023 0.00000000 690.18613618 B-2 0.00000000 0.00000000 3.62322953 0.00000000 690.18613556 B-3 0.00000000 0.00000000 3.62322953 0.00000000 690.18613556 B-4 0.00000000 0.00000000 3.62322664 0.00000000 690.18613479 B-5 0.00000000 0.00000000 3.62323314 0.00000000 690.18613652 B-6 0.00000000 0.00000000 3.62322836 0.00000000 690.18590695 (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 20,619,568.57 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,015.55 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 20,622,584.12 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 38,960.87 Payment of Interest and Principal 20,583,623.25 Total Withdrawals (Pool Distribution Amount) 20,622,584.12 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 38,960.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 38,960.87
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 1 0 0 0 1 519,211.34 0.00 0.00 0.00 519,211.34 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 1 0 0 0 1 519,211.34 0.00 0.00 0.00 519,211.34 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 0.403226% 0.000000% 0.000000% 0.000000% 0.403226% 0.495500% 0.000000% 0.000000% 0.000000% 0.495500% 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 0.403226% 0.000000% 0.000000% 0.000000% 0.403226% 0.495500% 0.000000% 0.000000% 0.000000% 0.495500%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,015.55
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.166335% Weighted Average Net Coupon 5.791335% Weighted Average Pass-Through Rate 5.791335% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 294 Number Of Loans Paid In Full 46 Ending Scheduled Collateral Loan Count 248 Beginning Scheduled Collateral Balance 124,674,781.29 Ending Scheduled Collateral Balance 104,692,852.60 Ending Actual Collateral Balance at 30-Apr-2003 104,785,396.79 Monthly P &I Constant 775,686.77 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 135,031.33 Unscheduled Principal 19,846,897.36
Miscellaneous Reporting Average Loss Severity 0 Senior Percentage 85.025377% Senior Prepayment Percentage 92.512688% Senior Mezzanine and Subordinate Pct. 14.974623% Subordinate Prepayment Percentage 7.487312%
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