-----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, SFpbU79igelvQvpARnJynhfkqAz86laN1tL2/ok+4MobU0CQ5L/i0/MqDjcy3U9N 3DC+x/LO0/dlrx88D++D/Q== 0001056404-02-001419.txt : 20021112 0001056404-02-001419.hdr.sgml : 20021111 20021112114024 ACCESSION NUMBER: 0001056404-02-001419 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSDWCC HELOC TRUST 2002-1 CENTRAL INDEX KEY: 0001183945 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: 333-65702-03 FILM NUMBER: 02816047 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY 2ND FL CITY: NEW YORK STATE: NY ZIP: 10036 8-K 1 msh02001.txt OCTOBER 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): October 25, 2002 MORGAN STANLEY DEAN WITTER CREDIT CORP HELOC Asset-Backed Notes, Series 2002-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-65702-03 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, NA 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 October 25, 2002 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CREDIT CORP, HELOC Asset-Backed Notes, 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 HELOC Asset-Backed Notes, Series 2002-1 Trust, relating to the October 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. MORGAN STANLEY DEAN WITTER CREDIT CORP HELOC Asset-Backed Notes, Series 2002-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Indenture Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/31/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of HELOC Asset-Backed Notes, Series 2002-1 Trust, relating to the October 25, 2002 distribution. EX-99.1
Morgan Stanley Dean Witter Credit Corp HELOC Trust Mortgage Pass-Through Certificates Record Date: 9/30/02 10/25/02 Distribution Date: MSDWCC 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 Note 62474BAA0 SEN 2.16375% 471,420,437.32 850,029.98 855,120.16 Cert MSH02CERT SUB 0.00000% 0.00 0.00 0.00 OC OC 0.00000% 813,042.60 0.00 0.00 Totals 472,233,479.92 850,029.98 855,120.16
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses Note 0.00 470,565,317.16 1,705,150.14 0.00 Cert 0.00 0.00 0.00 0.00 OC 14,236.37 1,668,162.76 0.00 14,236.37 Totals 14,236.37 472,233,479.92 1,705,150.14 14,236.37 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) Note 472,233,000.00 471,420,437.32 0.00 855,120.16 0.00 0.00 Cert 0.00 0.00 0.00 0.00 0.00 0.00 OC 479.92 813,042.60 0.00 0.00 0.00 14,236.37 Totals 472,233,479.92 472,233,479.92 0.00 855,120.16 0.00 14,236.37 (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 Note 855,120.16 470,565,317.16 0.99646852 855,120.16 Cert 0.00 0.00 0.00000000 0.00 OC 14,236.37 1,668,162.76 3,475.91840307 0.00 Totals 869,356.53 472,233,479.92 1.00000000 855,120.16
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion Note 472,233,000.00 998.27931830 0.00000000 1.81080136 0.00000000 Cert 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 479.92 1694121.10351725 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 Note 0.00000000 1.81080136 996.46851694 0.99646852 1.81080136 Cert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 29,664.04817470 29,664.04817470 3,475,918.4030671 3475.91840307 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 Note 472,233,000.00 2.16375% 471,420,437.32 850,029.98 0.00 0.00 Cert 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 479.92 0.00000% 813,042.60 0.00 0.00 0.00 Totals 472,233,479.92 850,029.98 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 Note 0.00 0.00 850,029.98 0.00 470,565,317.16 Cert 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 1,668,162.76 Totals 0.00 0.00 850,029.98 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 Note 472,233,000.00 2.16375% 998.27931830 1.80002240 0.00000000 0.00000000 Cert 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 479.92 0.00000% 1694121.10351725 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 Note 0.00000000 0.00000000 1.80002240 0.00000000 996.46851694 Cert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 3475918.40306718 (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 1,952,739.50 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1,952,739.50 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 247,589.36 Payment of Interest and Principal 1,705,150.14 Total Withdrawals (Pool Distribution Amount) 1,952,739.50 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 196,268.81 Credit Enhancer Premium 51,070.55 Owner Trustee Fee 250.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 247,589.36
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 717,158.01 0.00 717,158.01 0.00
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 11 4 0 0 15 1,052,009.46 568,206.62 0.00 0.00 1,620,216.08 60 Days 3 0 0 0 3 115,142.92 0.00 0.00 0.00 115,142.92 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 14 4 0 0 18 1,167,152.38 568,206.62 0.00 0.00 1,735,359.00 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 0.151140% 0.054960% 0.000000% 0.000000% 0.206101% 0.222773% 0.120323% 0.000000% 0.000000% 0.343096% 60 Days 0.041220% 0.000000% 0.000000% 0.000000% 0.041220% 0.024383% 0.000000% 0.000000% 0.000000% 0.024383% 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 0.192361% 0.054960% 0.000000% 0.000000% 0.247321% 0.247156% 0.120323% 0.000000% 0.000000% 0.367479%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 4.998314% Weighted Average Net Coupon 4.499572% Weighted Average Pass-Through Rate 4.369160% Weighted Average Maturity(Stepdown Calculation ) 0 Beginning Scheduled Collateral Loan Count 7,368 Number Of Loans Paid In Full 90 Ending Scheduled Collateral Loan Count 7,278 Beginning Scheduled Collateral Balance 472,233,479.92 Ending Scheduled Collateral Balance 472,233,479.92 Ending Actual Collateral Balance at 30-Sep-2002 472,233,479.92 Monthly P &I Constant 0.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00
Principal Collections $0.00 Interest Collections $1,756,470.68 Investor P & I Collections $1,756,470.68 Substitute Adjustment Amount $0.00 Current Period Additional Balances $20,090,196.97 Credit Enhancement Draw Amount $0.00 Aggregate Unreimbursed Credit Enhancement $0.00 Sum of the Three Largest Loan Balances $9,564,911.97
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