-----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, CjhKz07NunLphbn6NIU8XD+YvoJR1QWtLHhwgwnnR8MbQh0OmTHDC+7Ux95nwtQO MPENTNeleo6fE0S8GMeHZA== 0001056404-02-001569.txt : 20021210 0001056404-02-001569.hdr.sgml : 20021210 20021209181105 ACCESSION NUMBER: 0001056404-02-001569 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: 20021210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMORTIZING RESI COLLAT TR MORT PAS THRU CERT SER 2002-BC5 CENTRAL INDEX KEY: 0001179080 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 742440850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-82904-16 FILM NUMBER: 02852800 BUSINESS ADDRESS: STREET 1: 101 HUDSON ST STREET 2: 33RD FL CITY: JERSEY CITY STATE: NJ ZIP: 07032 BUSINESS PHONE: 2015242437 MAIL ADDRESS: STREET 1: 101 HUDSON ST STREET 2: 33RD FL CITY: JERSEY CITY STATE: NJ ZIP: 07032 8-K 1 arc02bc5.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 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-15 Pooling and Servicing Agreement) (Commission 52-2365714 (State or other File Number) 52-2365715 jurisdiction 52-2365716 of Incorporation) 52-7294446 IRS EIN 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 AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2002-BC5 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-BC5 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. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC5 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-BC5 Trust, relating to the November 25, 2002 distribution.
Amortizing Residential Collateral Mortgage Trus Mortgage Pass-Through Certificates Record Date: 10/31/02 11/25/02 Distribution Date: ARC Series: 2002-BC5 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 86358RZ42 SEN 2.15000% 671,649,742.21 1,243,484.87 11,840,055.52 A-IO 86358RZ59 SEN 6.00000% 0.00 1,379,348.24 0.00 M1 86358RZ67 SUB 2.52000% 50,158,000.00 108,842.86 0.00 M2 86358RZ75 SUB 3.03000% 37,619,000.00 98,154.24 0.00 M3 86358RZ83 SUB 3.83000% 37,619,000.00 124,069.55 0.00 B 86358RZ91 SUB 4.08000% 11,704,000.00 41,120.05 0.00 X ARC02BC5X SUB 0.00000% 5,015,628.14 2,523,759.06 0.00 P SEN 0.00000% 0.00 217,957.70 0.00 R ARC02B5R1 SEN 0.00000% 0.00 0.00 0.00 Totals 813,765,370.35 5,736,736.57 11,840,055.52
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 659,809,686.69 13,083,540.39 0.00 A-IO 0.00 0.00 1,379,348.24 0.00 M1 0.00 50,158,000.00 108,842.86 0.00 M2 0.00 37,619,000.00 98,154.24 0.00 M3 0.00 37,619,000.00 124,069.55 0.00 B 0.00 11,704,000.00 41,120.05 0.00 X 0.00 5,015,628.14 2,523,759.06 0.00 P 0.00 0.00 217,957.70 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 801,925,314.83 17,576,792.09 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 693,853,000.00 671,649,742.21 0.00 11,840,055.52 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 50,158,000.00 50,158,000.00 0.00 0.00 0.00 0.00 M2 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 M3 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 B 11,704,000.00 11,704,000.00 0.00 0.00 0.00 0.00 X 5,015,628.14 5,015,628.14 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 835,968,628.14 813,765,370.35 0.00 11,840,055.52 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 11,840,055.52 659,809,686.69 0.95093584 11,840,055.52 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 50,158,000.00 1.00000000 0.00 M2 0.00 37,619,000.00 1.00000000 0.00 M3 0.00 37,619,000.00 1.00000000 0.00 B 0.00 11,704,000.00 1.00000000 0.00 X 0.00 5,015,628.14 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 11,840,055.52 801,925,314.83 0.95927681 11,840,055.52
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 693,853,000.00 968.00005507 0.00000000 17.06421320 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 50,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 11,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,015,628.14 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 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 0.00000000 17.06421320 950.93584187 0.95093584 17.06421320 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 693,853,000.00 2.15000% 671,649,742.21 1,243,484.87 0.00 0.00 A-IO 0.00 6.00000% 275,869,647.00 1,379,348.24 0.00 0.00 M1 50,158,000.00 2.52000% 50,158,000.00 108,842.86 0.00 0.00 M2 37,619,000.00 3.03000% 37,619,000.00 98,154.24 0.00 0.00 M3 37,619,000.00 3.83000% 37,619,000.00 124,069.55 0.00 0.00 B 11,704,000.00 4.08000% 11,704,000.00 41,120.05 0.00 0.00 X 5,015,628.14 0.00000% 5,015,628.14 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 835,968,628.14 2,995,019.81 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 1,243,484.87 0.00 659,809,686.69 A-IO 0.00 0.00 1,379,348.24 0.00 275,869,647.00 M1 0.00 0.00 108,842.86 0.00 50,158,000.00 M2 0.00 0.00 98,154.24 0.00 37,619,000.00 M3 0.00 0.00 124,069.55 0.00 37,619,000.00 B 0.00 0.00 41,120.05 0.00 11,704,000.00 X 0.00 0.00 2,523,759.06 0.00 5,015,628.14 P 0.00 0.00 217,957.70 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,736,736.57 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 693,853,000.00 2.15000% 968.00005507 1.79214455 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000002 0.00000000 0.00000000 M1 50,158,000.00 2.52000% 1000.00000000 2.17000000 0.00000000 0.00000000 M2 37,619,000.00 3.03000% 1000.00000000 2.60916664 0.00000000 0.00000000 M3 37,619,000.00 3.83000% 1000.00000000 3.29805550 0.00000000 0.00000000 B 11,704,000.00 4.08000% 1000.00000000 3.51333305 0.00000000 0.00000000 X 5,015,628.14 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 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 0.00000000 0.00000000 1.79214455 0.00000000 950.93584187 A-IO 0.00000000 0.00000000 5.00000002 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.17000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.60916664 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.29805550 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.51333305 0.00000000 1000.00000000 X 0.00000000 0.00000000 503.17906144 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 17,373,861.61 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 571,969.91 Realized Losses (8,035.44) Prepayment Penalties 0.00 Total Deposits 17,937,796.08 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 361,003.99 Payment of Interest and Principal 17,576,792.09 Total Withdrawals (Pool Distribution Amount) 17,937,796.08 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 347,441.26 Credit Risk Manager's Fee 10,172.07 Trustee Fee 3,390.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 361,003.99
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 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 12 0 0 12 1,904,572.11 0.00 0.00 1,904,572.11 30 Days 374 2 0 0 376 42,776,533.71 53,780.54 0.00 0.00 42,830,314.25 60 Days 95 2 0 1 98 11,710,678.02 184,129.13 0.00 0.00 11,894,807.15 90 Days 28 1 24 0 53 3,908,017.02 32,460.28 3,288,198.35 0.00 7,228,675.65 120 Days 6 0 24 1 31 820,618.77 0.00 3,569,739.58 55,977.74 4,446,336.09 150 Days 0 1 15 0 16 0.00 41,965.48 2,678,036.34 0.00 2,720,001.82 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 503 18 63 2 586 59,215,847.52 2,216,907.54 9,535,974.27 55,977.74 71,024,707.07 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 0.228094% 0.000000% 0.000000% 0.228094% 0.237350% 0.000000% 0.000000% 0.237350% 30 Days 7.108915% 0.038016% 0.000000% 0.000000% 7.146930% 5.330854% 0.006702% 0.000000% 0.000000% 5.337556% 60 Days 1.805740% 0.038016% 0.000000% 0.019008% 1.862764% 1.459396% 0.022946% 0.000000% 0.000000% 1.482343% 90 Days 0.532218% 0.019008% 0.456187% 0.000000% 1.007413% 0.487021% 0.004045% 0.409779% 0.000000% 0.900845% 120 Days 0.114047% 0.000000% 0.456187% 0.019008% 0.589242% 0.102266% 0.000000% 0.444865% 0.006976% 0.554107% 150 Days 0.000000% 0.019008% 0.285117% 0.000000% 0.304125% 0.000000% 0.005230% 0.333740% 0.000000% 0.338969% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 9.560920% 0.342140% 1.197491% 0.038016% 11.138567% 7.379538% 0.276273% 1.188383% 0.006976% 8.851170%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 571,969.91
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 8.704511% Weighted Average Net Coupon 8.192165% Weighted Average Pass-Through Rate 8.187164% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 5,343 Number Of Loans Paid In Full 82 Ending Scheduled Collateral Loan Count 5,261 Beginning Scheduled Collateral Balance 813,765,370.35 Ending Scheduled Collateral Balance 801,925,314.83 Ending Actual Collateral Balance at 31-Oct-2002 802,432,992.61 Monthly P &I Constant 6,466,650.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 8,035.44 Cumulative Realized Loss 8,035.44 Ending Scheduled Balance for Premium Loans 801,925,314.83 Scheduled Principal 565,890.58 Unscheduled Principal 11,274,164.94 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,015,628.14 Overcollateralized Amount 5,015,628.14 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 8,035.44 Excess Cash Amount 2,536,700.67
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