-----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, LXRtd9VAVRKQMiulncYy/6TjjFAJbqI4wFwd3QSbVyyHcqU4rH1IX5WuU+/MbjE+ lGlLftq+n11h3HD2SFf69w== 0001056404-03-001028.txt : 20030625 0001056404-03-001028.hdr.sgml : 20030625 20030625112708 ACCESSION NUMBER: 0001056404-03-001028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030619 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV INC MORT PASS THR CERT 2002-AR3 CENTRAL INDEX KEY: 0001184485 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: 333-68542-09 FILM NUMBER: 03756026 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 8-K 1 sam02ar3.txt JUNE 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): June 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-09 90-0076014 Pooling and Servicing Agreement) (Commission 90-0072848 (State or other File Number) IRS EIN jurisdiction 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 June 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR3 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-AR3 Trust, relating to the June 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR3 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/20/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR3 Trust, relating to the June 19, 2003 distribution.
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 6/2/03 Distribution Date: 6/19/03 SAM Series: 2002-AR3 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 86358HNX3 SEN 1.64750% 506,731,764.65 695,700.49 4,448,246.83 A-2 86358HNZ8 SEN 1.81750% 19,283,547.75 29,206.54 0.00 R-I 86358HPA1 RES 3.48272% 0.00 0.00 0.00 R-II 86358HPB9 RES 3.48272% 0.00 0.00 0.00 B-1 86358HPE3 SUB 2.01750% 8,058,678.17 13,548.65 0.00 B-2 86358HPF0 SUB 2.31750% 5,756,284.40 11,116.82 0.00 B-3 86358HPG8 SUB 2.31750% 2,878,092.20 5,558.32 0.00 B-4 86358HPH6 SUB 3.00732% 1,726,895.32 4,327.77 0.00 B-5 86358HPJ2 SUB 3.00732% 1,151,296.88 2,885.26 0.00 B-6 86358HPK9 SUB 3.00732% 2,878,160.20 7,212.95 0.00 X 86358HNY1 SEN 1.33762% 0.00 604,948.84 0.00 Totals 548,464,719.57 1,374,505.64 4,448,246.83
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 502,283,517.82 5,143,947.32 0.00 A-2 0.00 19,283,547.75 29,206.54 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 8,058,678.17 13,548.65 0.00 B-2 0.00 5,756,284.40 11,116.82 0.00 B-3 0.00 2,878,092.20 5,558.32 0.00 B-4 0.00 1,726,895.32 4,327.77 0.00 B-5 0.00 1,151,296.88 2,885.26 0.00 B-6 0.00 2,878,160.20 7,212.95 0.00 X 0.00 0.00 604,948.84 0.00 Totals 0.00 544,016,472.74 5,822,752.47 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-1 533,894,100.00 506,731,764.65 0.00 4,448,246.83 0.00 0.00 A-2 19,283,600.00 19,283,547.75 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 8,058,700.00 8,058,678.17 0.00 0.00 0.00 0.00 B-2 5,756,300.00 5,756,284.40 0.00 0.00 0.00 0.00 B-3 2,878,100.00 2,878,092.20 0.00 0.00 0.00 0.00 B-4 1,726,900.00 1,726,895.32 0.00 0.00 0.00 0.00 B-5 1,151,300.00 1,151,296.88 0.00 0.00 0.00 0.00 B-6 2,878,168.00 2,878,160.20 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 575,627,268.00 548,464,719.57 0.00 4,448,246.83 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 4,448,246.83 502,283,517.82 0.94079241 4,448,246.83 A-2 0.00 19,283,547.75 0.99999729 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 0.00 8,058,678.17 0.99999729 0.00 B-2 0.00 5,756,284.40 0.99999729 0.00 B-3 0.00 2,878,092.20 0.99999729 0.00 B-4 0.00 1,726,895.32 0.99999729 0.00 B-5 0.00 1,151,296.88 0.99999729 0.00 B-6 0.00 2,878,160.20 0.99999729 0.00 X 0.00 0.00 0.00000000 0.00 Totals 4,448,246.83 544,016,472.74 0.94508461 4,448,246.83
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 533,894,100.00 949.12411403 0.00000000 8.33170254 0.00000000 A-2 19,283,600.00 999.99729044 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,058,700.00 999.99729113 0.00000000 0.00000000 0.00000000 B-2 5,756,300.00 999.99728993 0.00000000 0.00000000 0.00000000 B-3 2,878,100.00 999.99728988 0.00000000 0.00000000 0.00000000 B-4 1,726,900.00 999.99728994 0.00000000 0.00000000 0.00000000 B-5 1,151,300.00 999.99729002 0.00000000 0.00000000 0.00000000 B-6 2,878,168.00 999.99728994 0.00000000 0.00000000 0.00000000 X 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-1 0.00000000 8.33170254 940.79241149 0.94079241 8.33170254 A-2 0.00000000 0.00000000 999.99729044 0.99999729 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 999.99729113 0.99999729 0.00000000 B-2 0.00000000 0.00000000 999.99728993 0.99999729 0.00000000 B-3 0.00000000 0.00000000 999.99728988 0.99999729 0.00000000 B-4 0.00000000 0.00000000 999.99728994 0.99999729 0.00000000 B-5 0.00000000 0.00000000 999.99729002 0.99999729 0.00000000 B-6 0.00000000 0.00000000 999.99728994 0.99999729 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 533,894,100.00 1.64750% 506,731,764.65 695,700.49 0.00 0.00 A-2 19,283,600.00 1.81750% 19,283,547.75 29,206.54 0.00 0.00 R-I 50.00 3.48272% 0.00 0.00 0.00 0.00 R-II 50.00 3.48272% 0.00 0.00 0.00 0.00 B-1 8,058,700.00 2.01750% 8,058,678.17 13,548.65 0.00 0.00 B-2 5,756,300.00 2.31750% 5,756,284.40 11,116.82 0.00 0.00 B-3 2,878,100.00 2.31750% 2,878,092.20 5,558.32 0.00 0.00 B-4 1,726,900.00 3.00732% 1,726,895.32 4,327.77 0.00 0.00 B-5 1,151,300.00 3.00732% 1,151,296.88 2,885.26 0.00 0.00 B-6 2,878,168.00 3.00732% 2,878,160.20 7,212.95 0.00 0.00 X 0.00 1.33762% 542,708,367.18 604,948.84 0.00 0.00 Totals 575,627,268.00 1,374,505.64 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 0.00 695,700.49 0.00 502,283,517.82 A-2 0.00 0.00 29,206.54 0.00 19,283,547.75 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,548.65 0.00 8,058,678.17 B-2 0.00 0.00 11,116.82 0.00 5,756,284.40 B-3 0.00 0.00 5,558.32 0.00 2,878,092.20 B-4 0.00 0.00 4,327.77 0.00 1,726,895.32 B-5 0.00 0.00 2,885.26 0.00 1,151,296.88 B-6 0.00 0.00 7,212.95 0.00 2,878,160.20 X 0.00 0.00 604,948.84 0.00 538,260,120.35 Totals 0.00 0.00 1,374,505.64 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 533,894,100.00 1.64750% 949.12411403 1.30306832 0.00000000 0.00000000 A-2 19,283,600.00 1.81750% 999.99729044 1.51457923 0.00000000 0.00000000 R-I 50.00 3.48272% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.48272% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,058,700.00 2.01750% 999.99729113 1.68124511 0.00000000 0.00000000 B-2 5,756,300.00 2.31750% 999.99728993 1.93124403 0.00000000 0.00000000 B-3 2,878,100.00 2.31750% 999.99728988 1.93124631 0.00000000 0.00000000 B-4 1,726,900.00 3.00732% 999.99728994 2.50609184 0.00000000 0.00000000 B-5 1,151,300.00 3.00732% 999.99729002 2.50608877 0.00000000 0.00000000 B-6 2,878,168.00 3.00732% 999.99728994 2.50609068 0.00000000 0.00000000 X 0.00 1.33762% 952.33580520 1.06155437 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-1 0.00000000 0.00000000 1.30306832 0.00000000 940.79241149 A-2 0.00000000 0.00000000 1.51457923 0.00000000 999.99729044 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.68124511 0.00000000 999.99729113 B-2 0.00000000 0.00000000 1.93124403 0.00000000 999.99728993 B-3 0.00000000 0.00000000 1.93124631 0.00000000 999.99728988 B-4 0.00000000 0.00000000 2.50609184 0.00000000 999.99728994 B-5 0.00000000 0.00000000 2.50608877 0.00000000 999.99729002 B-6 0.00000000 0.00000000 2.50609068 0.00000000 999.99728994 X 0.00000000 0.00000000 1.06155437 0.00000000 944.53009410 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 5,988,306.73 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 10,205.88 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,998,512.61 Withdrawals Reimbursement for Servicer Advances 11,103.28 Payment of Service Fee 164,656.86 Payment of Interest and Principal 5,822,752.47 Total Withdrawals (Pool Distribution Amount) 5,998,512.61 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 6,738.36 Servicing Fee Support 6,738.36 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 92,156.79 Additional Servicing Fee 79,238.43 Supported Prepayment/Curtailment Interest Shortfall 6,738.36 Net Servicing Fee 164,656.86
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00
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 1 0 0 1 283,800.00 0.00 0.00 283,800.00 30 Days 12 0 0 0 12 3,423,513.90 0.00 0.00 0.00 3,423,513.90 60 Days 1 0 0 0 1 351,500.00 0.00 0.00 0.00 351,500.00 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 13 1 0 0 14 3,775,013.90 283,800.00 0.00 0.00 4,058,813.90 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 0.052110% 0.000000% 0.000000% 0.052110% 0.052172% 0.000000% 0.000000% 0.052172% 30 Days 0.625326% 0.000000% 0.000000% 0.000000% 0.625326% 0.629353% 0.000000% 0.000000% 0.000000% 0.629353% 60 Days 0.052110% 0.000000% 0.000000% 0.000000% 0.052110% 0.064617% 0.000000% 0.000000% 0.000000% 0.064617% 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 0.677436% 0.052110% 0.000000% 0.000000% 0.729547% 0.693971% 0.052172% 0.000000% 0.000000% 0.746142%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,205.88
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.382316% Weighted Average Net Coupon 3.180684% Weighted Average Pass-Through Rate 3.007316% Weighted Average Maturity(Stepdown Calculation ) 294 Beginning Scheduled Collateral Loan Count 1,930 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 1,919 Beginning Scheduled Collateral Balance 548,464,720.20 Ending Scheduled Collateral Balance 544,016,473.37 Ending Actual Collateral Balance at 02-Jun-2003 543,973,213.00 Monthly P &I Constant 1,545,900.86 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 544,016,473.37 Scheduled Principal 0.00 Unscheduled Principal 4,448,246.83
Miscellaneous Reporting Senior Percentage 92.390950% Senior Prep Percentage 100.000000% Subordinate Percentage 7.609050% Subordinate Prep Percentage 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----