SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported) : June 25, 2002
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (as company under a
Pooling and Servicing Agreement, dated as of April 1, 2002, providing for,
inter alia, the issuance of CSFB Mortgage Pass-Through Certificates, Series
2001-S12)
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
(Exact name of registrant as specified in its charter)
Delaware 333-77054-12 13-3320910
State or Other Jurisdiction (Commission (IRS Employer
of Incorporation ) File Number) Identification No.)
11 Madison Ave.
New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code :(212)538-3000
N/A
(Former name or former address, if changed since last report.)
Item 5. Other Events.
This report and the attached exhibit is being filed with respect to the
Registrant's CSFB Mortgage Pass-through Certificates, Series 2001-S12 (the
"Certificates") pursuant to "no-action" positions taken by the Securities and
Exchange Commission with respect to alternative means of satisfying the
Registrant's reporting obligations under the Securities Exchange Act of 1934, as
amended. The Certificates were issued, and this report and exhibit is being
filed, pursuant to the terms of the Pooling and Servicing Agreement, dated as of
April 1, 2002 among Credit Suisse First Boston Mortgage Securities Corp., as
depositor, DLJ Mortgage Capital Inc., as seller, Wilshire Credit Corporation and
Ocwen Federal Bank FSB as servicers, and JPMorgan Chase Bank, as trustee. On
June 25, 2002 distributions were made to the Certificateholders.
Specific information with respect to the distributions is filed as Exhibit
99.1. No other reportable transactions or matters have occurred during the
current reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) The following exhibits are filed as part of this report:
Statement to Certificateholders on June 25, 2002 is filed as
Exhibit 99.1 hereto.
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SIGNATURE
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.
JPMorgan Chase Bank, not in its individual
capacity but solely as Trustee
under the Agreement referred to herein
Date: July 1, 2002 By: /s/ Andreas Auer
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Andreas Auer
Assistant Vice President
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INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits
99.1 Monthly Certificateholder Statement on
June 25, 2002
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Exhibit 99.1
Monthly Certificateholder Statement on June 25, 2002
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<page>
CSFB Mortgage Pass-Through Certificates, Series 2002-S12
Statement to Certificate Holders
June 25, 2002
<s> <c> <c>
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DISTRIBUTION IN DOLLARS
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ORIGINAL BEGINNING
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
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A1 185,500,000.00 181,994,877.12 5,345,855.72 861,745.74 6,207,601.46 0.00 0.00 176,649,021.40
A2 163,000,000.00 159,920,026.80 4,697,436.56 271,153.29 4,968,589.85 0.00 0.00 155,222,590.24
A3 22,500,000.00 22,074,850.32 648,419.16 39,146.07 687,565.23 0.00 0.00 21,426,431.16
AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M1 40,000,000.00 40,000,000.00 0.00 91,466.67 91,466.67 0.00 0.00 40,000,000.00
M2 38,500,000.00 38,500,000.00 0.00 113,489.44 113,489.44 0.00 0.00 38,500,000.00
B1A 7,750,000.00 7,750,000.00 0.00 26,160.56 26,160.56 0.00 0.00 7,750,000.00
B1B 7,750,000.00 7,750,000.00 0.00 30,078.61 30,078.61 0.00 0.00 7,750,000.00
P 100.00 100.00 0.00 41,377.62 41,377.62 0.00 0.00 100.00
TOTALS 465,000,200.00 457,989,854.24 10,691,711.44 1,474,618.00 12,166,329.44 0.00 0.00 447,298,142.80
X1 465,000,100.00 457,989,854.24 0.00 6.13 6.13 0.00 0.00 447,298,142.80
X2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
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BEGINNING ENDING CURRENT
CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE
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A1 22540VL42 981.10445887 28.81862922 4.64552960 33.46415881 952.28582965 A1 5.682000 %
A2 22540VL59 981.10445890 28.81862920 1.66351712 30.48214632 952.28582969 A2 2.180000 %
A3 22540VM66 981.10445867 28.81862933 1.73982533 30.55845467 952.28582933 A3 2.280000 %
AR 22540VL67 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 11.878401 %
M1 22540VL75 1,000.00000000 0.00000000 2.28666675 2.28666675 1,000.00000000 M1 2.940000 %
M2 22540VL83 1,000.00000000 0.00000000 2.94777766 2.94777766 1,000.00000000 M2 3.790000 %
B1A 22540VL91 1,000.00000000 0.00000000 3.37555613 3.37555613 1,000.00000000 B1A 4.340000 %
B1B 22540VM25 1,000.00000000 0.00000000 3.88111097 3.88111097 1,000.00000000 B1B 4.990000 %
P 22540VM33 1,000.00000000 0.00000000 ###### ##### 1,000.00000000 P 11.878401 %
TOTALS 984.92399410 22.99291794 3.17122014 26.16413808 961.93107616
X1 22540VM41 984.92420591 0.00000000 0.00001318 0.00001318 961.93128303 X1 0.000000 %
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IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Scott B. Rubin
JPMorgan Chase Bank - Structured Finance Services
450 West 33rd St, 14th fl,
New York, New York 10001
Tel: (212) 946-8847
Fax: (212) 946-8919
Email: scott.b.rubin@chase.com
Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.
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Credit Suisse First Boston, Mortgage Pass-Through Certificates, Series 2002-S12
Statement to Certificate Holders
June 25, 2002
Sec. 4.06(a)(i) Amounts Allocable to Principal
Scheduled Principal 297,304.79
Principal Prepayments 7,025,951.02
Repurchase Principal 0.00
Curtailments 404,322.01
Curtailment Adjustments 1,626.74
Other Principal Adjustments -5,684.15
Liquidation Proceeds 0.00
Prepayment Penalties (distributed to the Class P Certificates) 41,376.63
Sec. 4.06(a)(ii)
Sec. 4.06(a)(iv) Principal Balance of the Mortgage Loans
Beginning Principal Balance of the Mortgage Loans 457,989,577.05
Ending Principal Balance of the Mortgage Loans 450,250,190.73
Sec. 4.06(a)(v) Servicing Fees 190,828.99
Trustee Fee 2,099.12
Credit Risk Manager Fee 6,679.01
FSA Premium 28,492.91
Prepayment Penalties 41,376.63
Sec. 4.06(a)(vii) Servicer Advances 0.00
Cumulative Servicer Advances 0.00
Sec. 4.06(a)(viii)(A) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
(Excluding Bankruptcies, Foreclosures and REOs)
Group 1
Principal
Category Number Balance Percentage
1 Month 105 5,377,624.15 1.19 %
2 Month 8 391,065.69 0.09 %
3 Month 2 64,456.26 0.01 %
Total 115 5,833,146.10 1.29 %
Number and Aggregate Principal Amounts of Mortgage Loans in Bankruptcy
Group 1
Principal
Number Balance Percentage
19 521,376.33 0.12 %
Sec. 4.06(a)(viii)(B) Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
Number of Loans in Foreclosure and Delinquent 31 to 60 days 0.00
Principal Balance of Loans in Foreclosure and Delinquent 31 to 60 days 0.00
Number of Loans in Foreclosure and Delinquent 61 to 90 days 0.00
Principal Balance of Loans in Foreclosure and Delinquent 61 to 90 days 0.00
Number of Loans in Foreclosure and Delinquent 91 or more days 0.00
Principal Balance of Loans in Foreclosure and Delinquent 91 or more days 0.00
Sec. 4.06(a)(xi) 60+ Delinquent Scheduled Payments - 12 Month Period
This Period (1) 5,537.66
(2) 2,297.86
(3) 0.00
(4) 0.00
(5) 0.00
(6) 0.00
(7) 0.00
(8) 0.00
(9) 0.00
(10) 0.00
(11) 0.00
(12) 0.00
Sec. 4.06(a)(x) REO Loans - Loan Level
Sec. 4.06(a)(xi) Number and Aggregate Principal Amounts of REO Loans
Group 1
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Principal
Number Balance Percentage
0 0.00 0.00%
Sec. 4.06(a)(xii) Current Realized Losses 15,865.91
Cumulative Realized Losses 15,865.91
Sec. 4.06(a)(xiii) Rolling Three Month Delinquency Rate 0.1331%
Sec. 4.06(a)(xiv) Amount on Deposit in Pre-Funding Account 277.19
Capitalized Interest Requirement 0.89
Sec. 4.06(a)(xiv) Amount of Insured Payment 0.00
Additional Prepayment Net Interest 15,754.54
Servicing Fee on Additional Prepayment Net Interest 286.55
Prepayment Interest Shortfall Allocated to Class A-1 0.00
Prepayment Interest Shortfall Allocated to Class A-2 0.00
Prepayment Interest Shortfall Allocated to Class A-3 0.00
Prepayment Interest Shortfall Allocated to Class P 0.00
Prepayment Interest Shortfall Allocated to Class A-R 0.00
Prepayment Interest Shortfall Allocated to Class M-1 0.00
Prepayment Interest Shortfall Allocated to Class M-2 0.00
Prepayment Interest Shortfall Allocated to Class B-1A 0.00
Prepayment Interest Shortfall Allocated to Class B-1B 0.00
Total Prepayment Interest Shortfall Allocated 0.00
Overcollateralization Amount 2,952,325.11
Target Overcollateralization Amount 17,437,514.14
Overcollateralization Release Amount 0.00
Overcollateralization Increase Amount 2,952,325.11