-----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, A44lhiKE8yIMsvUG1qqtjWFg1F6oSS2yKBgy6wRZTEC/eMXtXfI27Z9TXoPNpeSL wEqIzG9n7zCMtL+lpLBdLw== 0001071787-02-001073.txt : 20021114 0001071787-02-001073.hdr.sgml : 20021114 20021113173814 ACCESSION NUMBER: 0001071787-02-001073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020925 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS INC ASSET BACK CERT SERIES 2002-BC3 CENTRAL INDEX KEY: 0001184259 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-73712-10 FILM NUMBER: 02821183 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 cwa02bc3_edgar0209.txt 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): September 25, 2002 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2002-BC3) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 155 N. Lake Avenue, Pasadena, CA 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWA Asset Backed Certificates Series 2002-BC3 On September 25, 2002, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2002-BC3, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of August 1, 2002, among CWA as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWA, Asset Backed Certificates Series 2002-BC3 relating to the distribution date of September 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of August 1, 2002. SIGNATURES 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 thereunto duly authorized. Dated: September 25, 2002 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2002 Payment Date: 09/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior A 421,250,000.00 2.071000% 4,560,667.51 654,306.56 5,214,974.07 0.00 0.00 N 35,000,000.00 8.000000% 0.00 13,459.83 13,459.83 0.00 0.00 X 500,000,100.00 0.000000% 0.00 0.49 0.49 0.00 0.00 Residual AR 100.00 0.000000% 100.00 0.00 100.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 2.411000% 0.00 51,987.19 51,987.19 0.00 0.00 M2 27,500,000.00 2.961000% 0.00 61,070.63 61,070.63 0.00 0.00 B1 22,500,000.00 3.591000% 0.00 60,598.13 60,598.13 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 500,000,100.00 - 4,560,767.51 841,422.82 5,402,190.33 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A 416,689,332.49 0.00 N 35,000,000.00 219,873.50 X 497,991,914.59 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 0.00 M2 27,500,000.00 0.00 B1 22,500,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 495,439,332.49 219,873.50 - --------------------------------------------------------------------------------
Payment Date: 09/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------
Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior A 421,250,000.00 2.071000% 126671RD0 10.826510 1.553250 989.173490 N 35,000,000.00 8.000000% 126671RL2 0.000000 0.384567 1,000.000000 X 500,000,100.00 0.000000% 126671RK4 0.000000 0.000001 995.983630 Residual AR 100.00 0.000000% 126671RH1 1,000.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 28,750,000.00 2.411000% 126671RE8 0.000000 1.808250 1,000.000000 M2 27,500,000.00 2.961000% 126671RF5 0.000000 2.220750 1,000.000000 B1 22,500,000.00 3.591000% 126671RG3 0.000000 2.693250 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 500,000,100.00 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 497,991,914.59 497,991,914.59 Loan count 3766 3766 Avg loan rate 8.622332% 8.62 Prepay amount 1,655,717.41 1,655,717.41 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 208,332.65 208,332.65 Sub servicer fees 0.00 0.00 Trustee fees 3,750.00 3,750.00 Agg advances N/A N/A Adv this period 0.00 0.00 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 Fraud 10,000,002.00 10,000,002.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 84.250003% 100.000000% 421,250,100.00 ----------------------------------------------------------------------------- Junior 15.749997% 0.000000% 78,750,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 62 8,215,290.12 60 to 89 days 4 292,231.65 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 66 8,507,521.77 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 5,402,190.33 5,402,190.33 Principal remittance amount 4,560,767.51 4,560,767.51 Interest remittance amount 841,422.82 841,422.82 -----END PRIVACY-ENHANCED MESSAGE-----