-----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, NlmmWbDSy90vucvsdCMUDapGUvrlqABG0tyi2tvLaoaHKX1WCJFCtXUGFCNrQmFH 65BAXnEV2L9LbzqiuGgZ0Q== 0001056404-03-001490.txt : 20030829 0001056404-03-001490.hdr.sgml : 20030829 20030829145959 ACCESSION NUMBER: 0001056404-03-001490 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030719 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030829 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: 03873979 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 8-K 1 sam02ar3.txt JULY 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): July 21, 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 July 21, 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 July 21, 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: 7/21/03 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 July 21, 2003 distribution.
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/21/03 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 1.42250% 502,283,517.82 595,415.25 8,799,857.33 A-2 86358HNZ8 SEN 1.59250% 19,283,547.75 25,590.87 0.00 R-I 86358HPA1 RES 3.48249% 0.00 0.00 0.00 R-II 86358HPB9 RES 3.48249% 0.00 0.00 0.00 B-1 86358HPE3 SUB 1.79250% 8,058,678.17 12,037.65 0.00 B-2 86358HPF0 SUB 2.09250% 5,756,284.40 10,037.52 0.00 B-3 86358HPG8 SUB 2.09250% 2,878,092.20 5,018.67 0.00 B-4 86358HPH6 SUB 2.98444% 1,726,895.32 4,294.84 0.00 B-5 86358HPJ2 SUB 2.98444% 1,151,296.88 2,863.31 0.00 B-6 86358HPK9 SUB 2.98444% 2,878,160.20 7,158.07 0.00 X 86358HNY1 SEN 1.53956% 0.00 690,568.85 0.00 Totals 544,016,472.74 1,352,985.03 8,799,857.33
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 493,483,660.49 9,395,272.58 0.00 A-2 0.00 19,283,547.75 25,590.87 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 12,037.65 0.00 B-2 0.00 5,756,284.40 10,037.52 0.00 B-3 0.00 2,878,092.20 5,018.67 0.00 B-4 0.00 1,726,895.32 4,294.84 0.00 B-5 0.00 1,151,296.88 2,863.31 0.00 B-6 0.00 2,878,160.20 7,158.07 0.00 X 0.00 0.00 690,568.85 0.00 Totals 0.00 535,216,615.41 10,152,842.36 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-1 533,894,100.00 502,283,517.82 0.00 8,799,857.33 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 575,627,268.00 544,016,472.74 0.00 8,799,857.33 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 8,799,857.33 493,483,660.49 0.92431001 8,799,857.33 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 8,799,857.33 535,216,615.41 0.92979719 8,799,857.33
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 533,894,100.00 940.79241149 0.00000000 16.48240228 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 16.48240228 924.31000921 0.92431001 16.48240228 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, 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-1 533,894,100.00 1.42250% 502,283,517.82 595,415.25 0.00 0.00 A-2 19,283,600.00 1.59250% 19,283,547.75 25,590.87 0.00 0.00 R-I 50.00 3.48249% 0.00 0.00 0.00 0.00 R-II 50.00 3.48249% 0.00 0.00 0.00 0.00 B-1 8,058,700.00 1.79250% 8,058,678.17 12,037.65 0.00 0.00 B-2 5,756,300.00 2.09250% 5,756,284.40 10,037.52 0.00 0.00 B-3 2,878,100.00 2.09250% 2,878,092.20 5,018.67 0.00 0.00 B-4 1,726,900.00 2.98444% 1,726,895.32 4,294.84 0.00 0.00 B-5 1,151,300.00 2.98444% 1,151,296.88 2,863.31 0.00 0.00 B-6 2,878,168.00 2.98444% 2,878,160.20 7,158.07 0.00 0.00 X 0.00 1.53956% 538,260,120.35 690,568.85 0.00 0.00 Totals 575,627,268.00 1,352,985.03 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 0.00 595,415.25 0.00 493,483,660.49 A-2 0.00 0.00 25,590.87 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 12,037.65 0.00 8,058,678.17 B-2 0.00 0.00 10,037.52 0.00 5,756,284.40 B-3 0.00 0.00 5,018.67 0.00 2,878,092.20 B-4 0.00 0.00 4,294.84 0.00 1,726,895.32 B-5 0.00 0.00 2,863.31 0.00 1,151,296.88 B-6 0.00 0.00 7,158.07 0.00 2,878,160.20 X 0.00 0.00 690,568.85 0.00 529,460,263.02 Totals 0.00 0.00 1,352,985.03 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-1 533,894,100.00 1.42250% 940.79241149 1.11523100 0.00000000 0.00000000 A-2 19,283,600.00 1.59250% 999.99729044 1.32707949 0.00000000 0.00000000 R-I 50.00 3.48249% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.48249% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,058,700.00 1.79250% 999.99729113 1.49374589 0.00000000 0.00000000 B-2 5,756,300.00 2.09250% 999.99728993 1.74374511 0.00000000 0.00000000 B-3 2,878,100.00 2.09250% 999.99728988 1.74374414 0.00000000 0.00000000 B-4 1,726,900.00 2.98444% 999.99728994 2.48702299 0.00000000 0.00000000 B-5 1,151,300.00 2.98444% 999.99729002 2.48702336 0.00000000 0.00000000 B-6 2,878,168.00 2.98444% 999.99728994 2.48702300 0.00000000 0.00000000 X 0.00 1.53956% 944.53009410 1.21179897 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 1.11523100 0.00000000 924.31000921 A-2 0.00000000 0.00000000 1.32707949 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 1.49374589 0.00000000 999.99729113 B-2 0.00000000 0.00000000 1.74374511 0.00000000 999.99728993 B-3 0.00000000 0.00000000 1.74374414 0.00000000 999.99728988 B-4 0.00000000 0.00000000 2.48702299 0.00000000 999.99728994 B-5 0.00000000 0.00000000 2.48702336 0.00000000 999.99729002 B-6 0.00000000 0.00000000 2.48702300 0.00000000 999.99728994 X 0.00000000 0.00000000 1.21179897 0.00000000 929.08824776 (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 10,303,538.38 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 19,376.14 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 10,322,914.52 Withdrawals Reimbursement for Servicer Advances 10,205.88 Payment of Service Fee 159,866.27 Payment of Interest and Principal 10,152,842.37 Total Withdrawals (Pool Distribution Amount) 10,322,914.52 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 10,138.85 Servicing Fee Support 10,138.85 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 91,575.33 Additional Servicing Fee 78,429.79 Supported Prepayment/Curtailment Interest Shortfall 10,138.85 Net Servicing Fee 159,866.27
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 2 0 0 2 433,350.00 0.00 0.00 433,350.00 30 Days 25 0 0 0 25 6,384,108.47 0.00 0.00 0.00 6,384,108.47 60 Days 3 0 0 0 3 983,260.89 0.00 0.00 0.00 983,260.89 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 28 2 0 0 30 7,367,369.36 433,350.00 0.00 0.00 7,800,719.36 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 0.105541% 0.000000% 0.000000% 0.105541% 0.080974% 0.000000% 0.000000% 0.080974% 30 Days 1.319261% 0.000000% 0.000000% 0.000000% 1.319261% 1.192904% 0.000000% 0.000000% 0.000000% 1.192904% 60 Days 0.158311% 0.000000% 0.000000% 0.000000% 0.158311% 0.183727% 0.000000% 0.000000% 0.000000% 0.183727% 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 1.477573% 0.105541% 0.000000% 0.000000% 1.583113% 1.376631% 0.080974% 0.000000% 0.000000% 1.457605%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 19,376.14
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.359435% Weighted Average Net Coupon 3.157437% Weighted Average Pass-Through Rate 2.984435% Weighted Average Maturity(Stepdown Calculation ) 293 Beginning Scheduled Collateral Loan Count 1,919 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 1,895 Beginning Scheduled Collateral Balance 544,016,473.37 Ending Scheduled Collateral Balance 535,216,616.04 Ending Actual Collateral Balance at 30-Jun-2003 535,173,876.72 Monthly P &I Constant 1,522,990.19 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 535,216,616.04 Scheduled Principal 0.00 Unscheduled Principal 8,799,857.33
Miscellaneous Reporting Senior Percentage 92.328733% Senior Prep Percentage 100.000000% Subordinate Percentage 7.671267% Subordinate Prep Percentage 0.000000%
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