SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Seciton 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported): January 27, 1997
AMERICAN SOUTHWEST FINANCIAL SECURITIES CORPORATION in respect of Commercial
Mortgage Pass-Through Certificates, Series 1996-FHA1
(Exact name of registrant as specified in its governing instruments)
Arizona 33-92146 0742739
(State or other Jurisdiction (Commission Fil(I.R.S. Employer
of Incorporation) Number) Identification No.)
2390 Camelback Road Suite 225
Phoenix, Arizona 85016
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 526-5594
Item 5 Other Events.
This current report on Form 8-K relates to the monthly
distribution reported to the holders of American Southwest
Financial Securities Corporation Commercial Mortgage
Pass-Through Certificates, Series 1996-FHA1, which was made
on October 25, 2002.
Not applicable
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c)Exhibits
Item 601(a) of
Exhibit Regulation S-K
Number Exhibit No. Description
1 5
99.1 Monthly distribution report pursuant to Section 4.03 of
the Pooling and Servicing Agreement for distribution on
October 25, 2002.
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to
be signed on behalf of the Registrant by the undersigned
thereunto duly authorized.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF AMERICAN SOUTHWEST FINANCIAL SECURITIES
CORPORATION
By: /s/Russell Goldenberg
Name: Russell Goldenberg
Title: Group Senior Vice President
Dated: October 25, 2002
ABN AMRO
LaSalle Bank N.A.
Administrator:
Jennifer Wilt (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60603-4159
American Southwest Financial Securities Corporation
(Greystone Servicing Corporation, Inc., as Master Servicer)
Commercial Mortgage Pass-Through Certificates
Series 1996-FHA1
ABN AMRO Acct: 67-7662-00-9
Statement Date: 10/25/02
Payment Date: 10/25/02
Prior Payment: 09/25/02
Record Date: 09/30/02
WAC: 8.433663%
WAMM: 336
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Loan Level Listing 3
14
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Remic III
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
S 266,510,464.00 N 125,810,063.87
02970K BF 3 1000.000000000 0.000000000 472.064255871
A-1 40,317,000.00 0.00
02970K BG 1 1000.000000000 0.000000000 0.000000000
A-2 38,978,000.00 0.00
02970K BH 9 1000.000000000 0.000000000 0.000000000
A-3 55,487,000.00 0.00
02970K BJ 5 1000.000000000 0.000000000 0.000000000
A-4 58,824,000.00 18,170,017.44
02970K BK 2 1000.000000000 0.000000000 308.887825377
A-Z 67,712,000.00 102,593,014.68
02970K BL 0 1000.000000000 0.000000000 1515.137858578
B 5,192,464.00 5,047,031.75
9ABSA236 1000.000000000 0.000000000 971.991669080
R-III 0.00 0.00
9ABSA237 1000.000000000 0.000000000 0.000000000
266,510,464.00 125,810,063.87
Notes: (1) N denotes notional balance not included in total
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
S 0.00 0.00 0.00
02970K BF 3 0.000000000 0.000000000 0.000000000
A-1 0.00 0.00 0.00
02970K BG 1 0.000000000 0.000000000 0.000000000
A-2 0.00 0.00 0.00
02970K BH 9 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
02970K BJ 5 0.000000000 0.000000000 0.000000000
A-4 2,868,912.17 0.00 0.00
02970K BK 2 48.771116721 0.000000000 0.000000000
A-Z 0.00 0.00 619,661.81
02970K BL 0 0.000000000 0.000000000 9.151432685
B 0.00 0.00 0.00
9ABSA236 0.000000000 0.000000000 0.000000000
R-III 0.00 0.00 0.00
9ABSA237 0.000000000 0.000000000 0.000000000
2,868,912.17 0.00 619,661.81
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
S 123,560,813.51 150,273.73 48,361.09
02970K BF 3 463.624623422 0.563856772 0.181460380
A-1 0.00 0.00 0.00
02970K BG 1 0.000000000 0.000000000 0.000000000
A-2 0.00 0.00 0.00
02970K BH 9 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
02970K BJ 5 0.000000000 0.000000000 0.000000000
A-4 15,301,105.27 126,503.22 16,120.36
02970K BK 2 260.116708656 2.150537536 0.274043928
A-Z 103,212,676.49 0.00 0.00
02970K BL 0 1524.289291263 0.000000000 0.000000000
B 5,047,031.75 27,338.07 0.00
9ABSA236 971.991669080 5.264951283 0.000000000
R-III 0.00 0.00 0.00
9ABSA237 0.000000000 0.000000000 0.000000000
123,560,813.51 304,115.02 64,481.45
(2) Interest Paid minus Interest Adjustment minus Deferred Interest equals Accrual
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
S 0.97206185%
02970K BF 3 0.95858187%
A-1 6.67500000%
02970K BG 1 Fixed
A-2 7.00000000%
02970K BH 9 Fixed
A-3 7.12500000%
02970K BJ 5 Fixed
A-4 7.29000000%
02970K BK 2 Fixed
A-Z 7.24800000%
02970K BL 0 Fixed
B 6.50000000%
9ABSA236 Fixed
R-III
9ABSA237
(3) Estimated
Remic II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 -
None 1000.000000 0.000000
A-2 -
None 1000.000000 0.000000
A-3 -
None 1000.000000 0.000000
A-4 18,170,017.44
None 1000.000000 308.887825
A-Z 102,593,014.68
None 1000.000000 1515.137859
B 5,047,031.75
None 1000.000000 971.991669
R-II -
9ABSA238 1000.000000 0.000000
125,810,063.87
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-2 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-3 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-4 2,868,912.17 0.00 0.00
None 48.771117 0.000000 0.000000
A-Z 0.00 0.00 619,661.81
None 0.000000 0.000000 9.151433
B 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
R-II 0.00 0.00 0.00
9ABSA238 0.000000 0.000000 0.000000
2,868,912.17 0.00 619,661.81
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-2 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-3 0.00 0.00 0.00
None 0.000000 0.000000 0.000000
A-4 15,301,105.27 133,415.73 9,312.68
None 260.116709 2.268049 0.158314
A-Z 103,212,676.49 133,640.81 52,582.01
None 1524.289291 1.973665 0.776554
B 5,047,031.75 37,058.48 2,586.75
None 971.991669 7.136974 0.498174
R-II 0.00 0.00 0.00
9ABSA238 0.000000 0.000000 0.000000
123,560,813.51 304,115.02 64,481.44
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 8.19612068%
None 8.18122971%
A-2 8.19612068%
None 8.18122971%
A-3 8.19612068%
None 8.18122971%
A-4 8.19612068%
None 8.18122971%
A-Z 8.19612068%
None 8.18122971%
B 8.19612068%
None 8.18122971%
R-II 0.00000000%
9ABSA238 0.00000000%
Remic I
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 266,510,464.00 125,810,063.87
None 1000.000000 472.064256
R-I 0.00 0.00
9ABSA239 1000.000000 0.000000
266,510,464.00 125,810,063.87
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Interest 0.00 0.00
None 8.439632 0.000000 0.000000
R-I 0.00 0.00 0.00
9ABSA239 0.000000 0.000000 0.000000
2,249,250.36 0.00 0.00
Closing Interest Interest
Class Balance Payment Adjustment
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Interest 123,560,813.51 923,776.83 64,481.44
None 463.624623 3.466193 0.241947
R-I 0.00 0.00 0.00
9ABSA239 0.000000 0.000000 0.000000
123,560,813.51 923,776.83 64,481.44
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
Regular Interest 8.19612068%
None 8.18122971%
R-I 0.00000000%
9ABSA239 0.00000000%
Other Related Information
Beginning
Loan Beginning
Asset Type Count Balance
Mortgage Loans: 33 90,388,113.64
GNMA Certificates: 12 35,421,950.25
FHA Debentures: 0 0.00
Total: 45125,810,063.89
Current Wtd. Avg
Wtd. Avg. Term to
Asset Type Note Rate Maturity
Mortgage Loans: 8.569% 329
GNMA Certificates: 8.047% 353
FHA Debentures: 0.000% 0
Total: 8.434% 336
Ending
Loan Ending
Asset Type Count Balance
Mortgage Loans: 32 88,164,537.24
GNMA Certificates: 12 35,396,276.29
FHA Debentures: 0 0.00
Total: 44123,560,813.53
Available Distribution Amount: 3,173,027.19
Servicing Activity:
Prior Unreimbursed Advances: 13,877.64
Current Advances Made: 16,966.26
Reimbursed Prior Advances: 5,543.85
Advances Outstanding: 25,300.05
Aggregate Amount of Unpaid Advance Interest: 0.00
Current Accrued Servicing Fees Retained by The Master Servicer: 14,139.72
Aggregate Amount of Advance Interest Paid to Master Servicer: 0.00
Aggregate Amount of Advance Interest Paid to Trustee: 0.00
Accrued Net
Certificate Prepayment
Class Interest Int. Shortfalls
S 101,912.64 0.00
A-1 0.00 0.00
A-2 0.00 0.00
A-3 0.00 0.00
A-4 110,382.86 0.00
A-Z 619,661.81 0.00
B 27,338.09 0.00
R-III 0.00 0.00
Totals: 859,295.40 0.00
Allocated Prior Ending
Prepayment Unpaid Unpaid
Class Premiums Interest Interest
S 48,361.09 0.00 0.00
A-1 0.00 0.00 0.00
A-2 0.00 0.00 0.00
A-3 0.00 0.00 0.00
A-4 16,120.36 0.00 0.00
A-Z 0.00 0.00 0.00
B 0.00 7,719.45 7,719.45
R-III 0.00 0.00 0.00
Totals: 64,481.45 7,719.45 7,719.45
Other Actual
Interest Distribution
Class Shortfalls of Interest
S 0.00 150,273.73
A-1 0.00 0.00
A-2 0.00 0.00
A-3 0.00 0.00
A-4 0.00 126,503.22
A-Z 0.00 0.00
B 0.00 27,338.07
R-III 0.00 0.00
Totals: 0.00 304,115.02
Summary of Defaulted/Liquidated Mortgage Loans:
FHA Project Id *Status Date of Default
0 0.00 0.00
66 1.00 35,612.00
51.00
45 1N/A
0 0 0
0 0 0
0 0 0
0 0 0.00
0 0 0.00
Ending
FHA Project Id Balance FHA Benefits
0 0.00 0.00
66 0.00 980,669.95
51
45 0N/A
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Liquidation Realized
FHA Project Id Proceeds Loss
0 0.00 0.00
66 71,069.95 19,367.64
51
45 181696.92 73259.77
0 0 0
0 0 0
0 0.00 0
0 0.00 0.00
0 0.00 0.00
FHA Project Id Description of Final Recovery Determination
0 0
66 Loan has been removed from the pool.
51
45 Loan has been removed from the pool.
0 0
0 0
0 0
0 0
0 0
Status of Claims Made Under the FHA Mortgage Insurance:
All remaining Insurance Proceeds have been received on # 66 & 51.
Aggrregate Realized Loss Information :
Cumulative realized losses on the Collateral Pool as of Cutoff : 153,151.70
Cumulative Principal realized losses on the Certificates as of Cutoff : 145,432.25
Cumulative Additional trust fund expenses applied to the Certificates
since the closing date : 0.00
*Status code
1. Final Settlement has been made.
2. Final Settlement has not been made.
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
43 09/01/02 16,966.26 16,966.26
Total 16,966.26 16,966.26
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
7. P&I Advance - Loan in Foreclosure
8. P&I Advance - Loan in Bankruptcy
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances Description (1)Transfer Date
43 0.00 B
Total 0.00 0
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
43
Total
Loan Level Detail
Property
Disclosure Type Maturity
Control # Group Code Date
2 FHA Multifamily 09/01/27
4 FHA Multifamily 03/01/21
5 FHA Multifamily 02/01/21
6 FHA Multifamily 11/01/29
7 FHA Health Care 12/01/34
8 FHA Multifamily 06/01/20
9 FHA Multifamily 09/01/31
11 FHA Health Care 10/01/31
13 FHA Health Care 05/01/31
17 FHA Multifamily 06/01/31
18 FHA Multifamily 07/01/36
19 FHA Health Care 05/01/31
20 FHA Health Care 03/01/26
21 FHA Multifamily 09/01/29
22 FHA Health Care 10/01/26
23 FHA Health Care 08/01/30
24 FHA Multifamily 04/01/30
25 FHA Multifamily 06/01/36
27 FHA Multifamily 06/01/25
28 FHA Multifamily 12/01/20
29 FHA Health Care 10/01/31
30 FHA Health Care 12/01/31
31 FHA Multifamily 06/01/21
32 FHA Multifamily 10/01/23
34 FHA Multifamily 12/01/31
36 FHA Health Care 11/01/31
37 FHA Health Care 11/01/31
38 FHA Health Care 11/01/31
39 FHA Health Care 10/01/26
40 FHA Multifamily 06/01/31
41 FHA Health Care 11/01/17
43 FHA Health Care 03/01/36
44 FHA Multifamily 04/01/35
45 FHA Health Care 10/01/28
46 FHA Health Care 11/01/25
47 FHA Health Care 10/01/26
49 FHA Health Care 06/01/32
51 FHA Multifamily 10/01/33
52 FHA Multifamily 05/01/22
53 FHA Health Care 05/01/36
54 FHA Health Care 05/01/32
56 FHA Health Care 12/01/34
58 FHA Multifamily 01/01/25
60 FHA Health Care 10/01/26
62 FHA Multifamily 09/01/27
63 FHA Multifamily 08/01/28
64 FHA Multifamily 11/01/29
66 FHA Multifamily 04/01/30
67 FHA Multifamily 05/01/30
68 FHA Health Care 12/01/35
69 FHA Multifamily 06/01/31
70 FHA Health Care 10/01/35
72 FHA Health Care 10/01/30
73 FHA Health Care 01/01/36
74 FHA Multifamily 12/01/27
76 FHA Health Care 11/01/30
77 FHA Multifamily 11/01/26
78 FHA Multifamily 01/01/36
79 FHA Multifamily 10/01/07
80 FHA Multifamily 08/01/34
81 FHA Multifamily 02/01/35
1 GNMA Multifamily 10/01/29
3 GNMA Health Care 02/01/30
10 GNMA Multifamily 03/01/31
12 GNMA Health Care 11/01/36
14 GNMA Multifamily 04/01/23
15 GNMA Multifamily 10/01/26
16 GNMA Multifamily 12/01/31
26 GNMA Multifamily 10/01/31
33 GNMA Multifamily 10/01/31
35 GNMA Multifamily 07/15/29
42 GNMA Multifamily 10/01/34
48 GNMA Health Care 08/15/31
50 GNMA Multifamily 11/01/26
55 GNMA Multifamily 04/01/24
57 GNMA Multifamily 01/01/30
59 GNMA Multifamily 11/01/25
61 GNMA Multifamily 10/01/31
65 GNMA Multifamily 07/01/30
71 GNMA Multifamily 12/01/21
75 GNMA Multifamily 11/01/34
* NOI and DSCR, if available and reportable under the terms of the trust agreement,
are based on information obtained from the related borrower, and no other party to the
agreement shall be held liable for the accuracy or methodology used to determine such
figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
Operating
Disclosure Statement
Control # DSCR NOI Date
2
4
5
6
7
8
9
11
13
17
18
19
20
21
22
23
24
25
27
28
29
30
31
32
34
36
37
38
39
40
41
43
44
45
46
47
49
51
52
53
54
56
58
60
62
63
64
66
67
68
69
70
72
73
74
76
77
78
79
80
81
1
3
10
12
14
15
16
26
33
35
42
48
50
55
57
59
61
65
71
75
Ending
Disclosure Principal Note Scheduled
Control # Balance Rate P&I
2
4
5
6 7,663,343.48 7.500% 55,180
7
8
9 7,498,278.68 8.250% 56,823
11
13 5,676,943.63 7.875% 41,676
17 4,811,795.15 8.275% 36,626
18 4,840,652.38 9.125% 38,605
19 4,560,084.91 7.875% 33,477
20 4,241,992.33 9.000% 36,256
21
22 3,727,861.78 8.500% 30,718
23 3,815,050.55 8.300% 29,321
24
25
27 3,495,745.53 9.750% 31,938
28
29 3,351,013.03 8.500% 25,977
30 3,322,162.74 10.500% 30,515
31 2,999,828.60 8.250% 26,290
32
34
36 2,731,886.10 8.250% 20,674
37 2,675,956.21 8.250% 20,251
38 2,647,654.82 8.250% 20,036
39 2,548,289.84 8.500% 20,771
40 2,365,118.98 8.275% 18,002
41
43 2,163,730.90 9.125% 17,282
44 9.250% 17,434
45
46 2,044,130.75 9.750% 18,584
47 2,004,632.49 8.500% 16,339
49 1,755,234.79 10.500% 16,082
51
52
53
54 1,666,747.37 10.500% 15,277
56
58
60 1,341,076.47 8.500% 10,931
62 1,231,599.58 8.000% 9,516
63
64
66
67
68
69
70
72
73 683,931.40 8.750% 5,278
74
76 559,081.20 8.500% 4,365
77 524,383.22 9.250% 4,535
78 471,363.48 8.625% 3,594
79 273,867.54 8.500% 5,619
80 299,847.81 8.750% 2,332
81 171,251.51 9.500% 1,422
1
3
10 7,247,742.21 7.750% 52,672
12 6,383,843.54 7.875% 44,993
14
15
16 4,846,539.89 7.875% 35,392
26 3,615,670.50 8.250% 27,381
33 2,798,731.89 7.875% 20,468
35
42 2,316,658.55 8.750% 17,998
48 1,757,760.05 8.250% 13,330
50
55 1,576,332.38 9.000% 13,835
57 1,544,169.69 7.750% 11,356
59 1,405,790.44 8.250% 11,369
61 1,294,497.13 8.000% 9,579
65
71
75 608,540.02 9.000% 4,836
123,560,813.54 984,934
Loan
Disclosure Prepayment Status
Control # Prepayment Date Code (1)
2 12/1/97 5
4 4/1/02 5
5 2/1/02 5
6
7 12/1/01 5
8 4/1/02 5
9
11 1/1/02 5
13
17
18
19
20
21 11/17/99 5
22
23
24 8/1/02 5
25 3/1/01 5
27
28 12/1/97 5
29
30
31
32 7/1/01 5
34 5/1/02 5
36
37
38
39
40
41 8/1/02 5
43 B
44 2,148,515.96 10/1/02 5
45 7/1/00 5
46
47
49
51 10/1/99 5
52 6/1/00 5
53 6/1/02 5
54
56 12/1/01 5
58 7/1/02 5
60
62
63 3/1/02 5
64 1/1/02 5
66 3/1/98 5
67 9/1/02 5
68 8/1/02 5
69 7/1/02 5
70 6/1/02 5
72 6/1/02 5
73
74 2/1/01 5
76
77
78
79
80
81
1 12/1/01 5
3 1/1/98 5
10
12
14 12/1/01 5
15 12/1/01 5
16
26
33
35 12/1/01 5
42
48
50 6/1/02 5
55
57
59
61
65 2/1/02 5
71 12/1/01 5
75
2,148,515.96
Specially Serviced Loan Detail
Ending
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
0
0 0 0 0
(1)
Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Specially
Disclosure Property Serviced
Control # Type Status Code (1)Comments
0 0
0 0
0 0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Realized Loss Detail
Dist. Disclosure Appraisal
Date Control # Date
0 0 0
35879 66 0
36708 45 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Current Total 0 0
Cumulative 0 0
* Aggregate liquidation expenses also include outstanding P&I
advances and unpaid servicing fees, unpaid trustee fees, etc..
Beginning
Disclosure Appraisal Scheduled
Control # Value Balance
0 0.00 0.00
66 0.00 1,009,467.78
45 0.00 254,956.69
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
Gross Proceeds
Disclosure Gross as a % of
Control # Proceeds Sched Principal
0 0.00
66 990,100.14 0.980814009
45 181,696.92 0.712657981
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 0.00 0
0 1,171,797.06 0
Aggregate Net
Disclosure Liquidation Liquidation
Control # Expenses * Proceeds
0 0.00
66 0.00 990,100.14
45 0.00 181,696.92
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 0.00
0 0.00 1,171,797.06
Net Proceeds
Disclosure as a % of Realized
Control # Sched. Balance Loss
0
66 0.980814009 19,367.64
45 0.712657981 73,259.77
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 0.00
0 0 92,627.41
Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months
Date # Balance # Balance # Balance
10/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
09/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
08/26/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
07/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
06/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
05/28/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
04/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
03/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
02/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
01/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
12/26/01 1 3529567 1 7183888 0 0
1.45% 1.682% 1.45% 3.424% 0.00% 0.000%
11/26/01 1 7188231 0 0 0 0
1.45% 3.378% 0.00% 0.000% 0.00% 0.000%
10/25/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
09/25/01 1 2173950 0 0 0 0
1.45% 1.020% 0.00% 0.000% 0.00% 0.000%
08/27/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
07/25/01 2 9380734 0 0 0 0
2.86% 4.341% 0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
Distribution Foreclosure/Bankruptcy REO Modifications
Date # Balance # Balance # Balance
10/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
09/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
08/26/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
07/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
06/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
05/28/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
04/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
03/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
02/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
01/25/02 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
12/26/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
11/26/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
10/25/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
09/25/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
08/27/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
07/25/01 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
01/00/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
Note: Foreclosure and REO Totals are Included in the Appropriate Delinquency Aging Category
Distribution Prepayments Curr Weighted Avg.
Date # Balance Coupon Remit
10/25/02 1 2148516 8.4337% 8.1961%
2.22% 1.708%
09/25/02 1 871324 8.4392% 8.2011%
2.17% 0.687%
08/26/02 3 6711661 8.4779% 8.2330%
6.12% 5.024%
07/25/02 3 7411653 8.4674% 8.2222%
5.77% 5.252%
06/25/02 4 4853669 8.4810% 8.2345%
7.14% 3.322%
05/28/02 1 2799828 8.4743% 8.2260%
1.75% 1.879%
04/25/02 2 15511406 8.5491% 8.3059%
3.33% 9.420%
03/25/02 1 1257187 8.5602% 8.3173%
1.64% 0.757%
02/25/02 1 7433857 8.5599% 8.3213%
1.61% 4.256%
01/25/02 2 8275074 8.5637% 8.3263%
3.13% 4.519%
12/26/01 5 26549533 8.5454% 8.3042%
7.25% 12.653%
11/26/01 0 0 8.5442% 8.3026%
0.00% 0.000%
10/25/01 0 0 8.5442% 8.3026%
0.00% 0.000%
09/25/01 0 0 8.5443% 8.3026%
0.00% 0.000%
08/27/01 0 0 8.5443% 8.3026%
0.00% 0.000%
07/25/01 1 2581798 8.5438% 8.3012%
1.43% 1.195%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
Delinquent Loan Detail
Paid Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance Advances**
43 09/01/02 16,966.26 16,966.26
Total 16,966.26 16,966.26
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the current period P&I Advance
Out. Property Special
Disclosure Doc Protection Advance Servicer
Control # Advances Description Transfer Date
43 0.00 B
Total 0.00
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
43
Pool Total
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
0 to 500,000 4 1,216,330 0.98%
500,000 to 1,000,000 4 2,375,936 1.92%
1,000,000 to 1,500,000 4 5,272,964 4.27%
1,500,000 to 2,000,000 5 8,300,244 6.72%
2,000,000 to 2,500,000 510,894,272 8.82%
2,500,000 to 3,000,000 616,402,347 13.27%
3,000,000 to 3,500,000 310,168,921 8.23%
3,500,000 to 4,000,000 311,158,583 9.03%
4,000,000 to 5,000,000 523,301,065 18.86%
5,000,000 to 6,000,000 1 5,676,944 4.59%
6,000,000 to 7,000,000 1 6,383,844 5.17%
7,000,000 to 8,000,000 322,409,364 18.14%
8,000,000 to 9,000,000 0 0 0.00%
9,000,000 to 10,000,000 0 0 0.00%
10,000,000 to 11,000,000 0 0 0.00%
11,000,000 to 12,000,000 0 0 0.00%
12,000,000 to 13,000,000 0 0 0.00%
13,000,000 to 14,000,000 0 0 0.00%
14,000,000 to 15,000,000 0 0 0.00%
15,000,000 & Above 0 0 0.00%
Total 44123,560,814 100.00%
Average Scheduled Balance is 2,745,796
Maximum Scheduled Balance is 7,663,343
Minimum Scheduled Balance is 171,252
Number Scheduled Based on
Property Types of Loans Balance Balance
MF- Housing 2363,901,749 51.72%
Nursing Home 2159,659,065 48.28%
Total 44123,560,814 100.00%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000%or less 0 0 0.00%
7.000%to 7.125% 0 0 0.00%
7.125%to 7.375% 0 0 0.00%
7.375%to 7.625% 1 7,663,343 6.20%
7.625%to 7.875% 733,058,056 26.75%
7.875%to 8.125% 2 2,526,097 2.04%
8.125%to 8.375% 1136,324,790 29.40%
8.375%to 8.625% 814,277,186 11.55%
8.625%to 8.875% 3 3,300,438 2.67%
8.875%to 9.125% 513,431,248 10.87%
9.125%to 9.375% 1 524,383 0.42%
9.375%to 9.625% 1 171,252 0.14%
9.625%to 9.875% 2 5,539,876 4.48%
9.875%to 10.125% 0 0 0.00%
10.125%& Above 3 6,744,145 5.46%
Total 44123,560,814 100.00%
W/Avg Mortgage Interest Rate is 8.4337%
Minimum Mortgage Interest Rate is 7.5000%
Maximum Mortgage Interest Rate is 10.5000%
Number Scheduled Based on
Geographic Location of Loans Balance Balance
New York 619,402,850 15.70%
Texas 717,180,735 13.90%
Ohio 312,778,734 10.34%
Michigan 312,424,202 10.06%
Virginia 512,103,365 9.80%
Connecticut 210,237,029 8.29%
Colorado 3 8,055,497 6.52%
Massachusetts 1 7,247,742 5.87%
New Jersey 1 6,383,844 5.17%
New Hampshire 3 6,333,921 5.13%
Georgia 1 4,846,540 3.92%
Maryland 1 1,405,790 1.14%
Illinois 1 1,294,497 1.05%
South Dakota 1 1,231,600 1.00%
Pennsylvania 1 608,540 0.49%
Indiana 1 559,081 0.45%
California 1 524,383 0.42%
Arizona 1 471,363 0.38%
Florida 2 471,099 0.38%
Minnesota 0 0 0.00%
Maine 0 0 0.00%
North Carolina 0 0 0.00%
Kentucky 0 0 0.00%
Alabama 0 0 0.00%
Missouri
Nebraska
Oregon
Total 44123,560,814 100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 0 0 0.00%
1+ to 2 years 0 0 0.00%
2+ to 3 years 0 0 0.00%
3+ to 4 years 0 0 0.00%
4+ to 5 years 0 0 0.00%
5+ to 6 years 1749,967,901 40.44%
6+ to 7 years 1448,567,366 39.31%
7+ to 8 years 6 9,012,216 7.29%
8+ to 9 years 2 4,541,840 3.68%
9+ to 10 years 2 3,421,982 2.77%
10 years or more 3 8,049,508 6.51%
Total 44123,560,814 100.00%
Weighted Average Seasoning is 6.9
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 44123,560,814 100.00%
Total 44123,560,814 100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 1 273,868 0.22%
61 to 120 months 0 0 0.00%
121 to 200 months 0 0 0.00%
201 to 300 months 1227,141,663 21.97%
301 to 500 months 3196,145,283 77.81%
Total 44123,560,814 100.00%
Weighted Average Months to Maturity is 336
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
0.500or less 0 0 0.00%
0.500to 0.625 0 0 0.00%
0.625to 0.750 0 0 0.00%
0.750to 0.875 0 0 0.00%
0.875to 1.000 0 0 0.00%
1.000to 1.125 0 0 0.00%
1.125to 1.250 0 0 0.00%
1.250to 1.375 0 0 0.00%
1.375to 1.500 0 0 0.00%
1.500to 1.625 0 0 0.00%
1.625to 1.750 0 0 0.00%
1.750to 1.875 0 0 0.00%
1.875to 2.000 0 0 0.00%
2.000to 2.125 0 0 0.00%
2.125& above 0 0 0.00%
Unknown 44123,560,814 100.00%
Total 44123,560,814 100.00%
Weighted Average Debt Service Coverage Ratio is 0
(1) Debt Service Coverage Ratios are calculated as described in the prospectus, values are
updated periodically as new NOI figures became available from borrowers on an asset level.
Neither the Trustee, Servicer, Special Servicer or Underwriter makes any representation
as to the accuracy of the data provided by the borrower for this calculation.
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 0 0 0.00%
1 to 2 years 0 0 0.00%
2 Years or More 0 0 0.00%
Unknown 44123,560,814 100.00%
Total 44123,560,814 100.00%