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): December 26, 2002
BEAR STEARNS ASSET BACKED SECURITIES TRUST
Asset Backed Certificates, Series 2002-AC5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-43091-15
Pooling and Servicing Agreement) (Commission 56-2302830
(State or other File Number) 56-2302979
jurisdiction 56-2302985
of Incorporation) IRS EIN
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 December 26, 2002 a distribution was made to holders of BEAR STEARNS ASSET
BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2002-AC5 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 Asset Backed
Certificates, Series 2002-AC5
Trust, relating to the December
26, 2002 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.
BEAR STEARNS ASSET BACKED SECURITIES TRUST
Asset Backed Certificates, Series 2002-AC5 Trust
By: Wells Fargo Bank Minnesota, N. A. as Master Servicer
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 1/7/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series 2002-AC5 Trust,
relating to the December 26, 2002 distribution.
EX-99.1
Bear Stearns Asset Backed Securities
Asset Backed Certificates
Record Date: 11/30/02
Distribution Date: 12/26/02
BSA Series: 2002-AC5
Contact: CTSLink Customer Service
Wells Fargo Bank Minnesota, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Telephone: (301) 815-6600
Fax: (301) 815-6600
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
I-A1 07384YFU5 SEN 1.93000% 71,255,365.77 114,602.38 348,102.36
I-A2 07384YFV3 SEN 6.57000% 0.00 390,123.12 0.00
I-X 07384YFX9 SEN 0.58419% 0.00 13,519.07 0.00
I-PO 07384YFW1 SEN 0.00000% 5,793,699.10 0.00 5,974.13
R-I 07384YGJ9 SEN 6.50000% 0.00 0.00 0.00
R-II 07384YGK6 SEN 6.50000% 0.00 0.41 0.00
R-III 07384YGL4 SEN 6.50000% 0.00 0.00 0.00
II-A1 07384YFZ4 SEN 6.00000% 77,933,917.12 389,669.58 6,025,170.47
II-A2 07384YGA8 SEN 6.50000% 2,849,850.00 15,436.69 0.00
II-A3 07384YGM2 SEN 8.50000% 48,539,275.71 343,819.87 3,752,633.27
II-A4 07384YGN0 SEN 5.62500% 55,455,338.04 259,946.89 5,134,493.16
II-A5 07384YGP5 SEN 5.62500% 10,957,914.00 51,365.22 0.00
II-X 07384YFY7 SEN 0.95408% 0.00 163,530.28 0.00
II-PO 07384YGQ3 SEN 0.00000% 129,884.10 0.00 239.85
III-A 07384YGB6 SEN 6.50000% 93,552,817.68 506,744.42 2,443,639.91
III-X 07384YGD2 SEN 1.31514% 0.00 112,491.61 0.00
III-PO 07384YGC4 SEN 0.00000% 11,315.30 0.00 2,786.34
B-1 07384YGF7 SUB 6.50000% 15,445,283.54 83,661.95 11,809.01
B-2 07384YGG5 SUB 6.50000% 8,236,751.78 44,615.74 6,297.58
B-3 07384YGH3 SUB 6.50000% 5,148,094.77 27,885.51 3,936.08
B-4 07384YGR1 SUB 6.91321% 3,707,187.81 21,357.15 2,834.41
B-5 07384YGS9 SUB 6.91321% 2,883,812.40 16,613.68 2,204.88
B-6 07384YGT7 SUB 6.91321% 2,680,003.91 15,439.53 2,049.05
BX 07384YGE0 SEN 6.50000% 0.00 9,927.10 0.00
XP BSA2AC5XP SEN 0.00000% 100.00 7,104.92 0.00
Totals 404,580,611.03 2,587,855.12 17,742,170.50
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
I-A1 0.00 70,907,263.41 462,704.74 0.00
I-A2 0.00 0.00 390,123.12 0.00
I-X 0.00 0.00 13,519.07 0.00
I-PO 0.00 5,787,724.97 5,974.13 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.41 0.00
R-III 0.00 0.00 0.00 0.00
II-A1 0.00 71,908,746.65 6,414,840.05 0.00
II-A2 0.00 2,849,850.00 15,436.69 0.00
II-A3 0.00 44,786,642.44 4,096,453.14 0.00
II-A4 0.00 50,320,844.88 5,394,440.05 0.00
II-A5 0.00 10,957,914.00 51,365.22 0.00
II-X 0.00 0.00 163,530.28 0.00
II-PO 0.00 129,644.25 239.85 0.00
III-A 0.00 91,109,177.77 2,950,384.33 0.00
III-X 0.00 0.00 112,491.61 0.00
III-PO 0.00 8,528.96 2,786.34 0.00
B-1 0.00 15,433,474.53 95,470.96 0.00
B-2 0.00 8,230,454.20 50,913.32 0.00
B-3 0.00 5,144,158.68 31,821.59 0.00
B-4 0.00 3,704,353.40 24,191.56 0.00
B-5 0.00 2,881,607.52 18,818.56 0.00
B-6 0.00 2,677,954.85 17,488.58 0.00
BX 0.00 0.00 9,927.10 0.00
XP 0.00 100.00 7,104.92 0.00
Totals 0.00 386,838,440.51 20,330,025.62 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
I-A1 71,474,000.00 71,255,365.77 47,485.14 300,617.22 0.00 0.00
I-A2 0.00 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00 0.00
I-PO 5,804,423.40 5,793,699.10 5,024.98 949.16 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
R-III 50.00 0.00 0.00 0.00 0.00 0.00
II-A1 80,000,000.00 77,933,917.12 65,502.60 5,959,667.87 0.00 0.00
II-A2 2,849,850.00 2,849,850.00 0.00 0.00 0.00 0.00
II-A3 49,826,086.00 48,539,275.71 40,796.73 3,711,836.55 0.00 0.00
II-A4 57,216,000.00 55,455,338.04 55,819.61 5,078,673.56 0.00 0.00
II-A5 10,957,914.00 10,957,914.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00 0.00
II-PO 130,102.19 129,884.10 203.73 36.12 0.00 0.00
III-A 95,793,000.00 93,552,817.68 66,437.89 2,377,202.01 0.00 0.00
III-X 0.00 0.00 0.00 0.00 0.00 0.00
III-PO 11,328.32 11,315.30 13.06 2,773.28 0.00 0.00
B-1 15,457,000.00 15,445,283.54 11,809.01 0.00 0.00 0.00
B-2 8,243,000.00 8,236,751.78 6,297.58 0.00 0.00 0.00
B-3 5,152,000.00 5,148,094.77 3,936.08 0.00 0.00 0.00
B-4 3,710,000.00 3,707,187.81 2,834.41 0.00 0.00 0.00
B-5 2,886,000.00 2,883,812.40 2,204.88 0.00 0.00 0.00
B-6 2,682,037.48 2,680,003.91 2,049.05 0.00 0.00 0.00
BX 0.00 0.00 0.00 0.00 0.00 0.00
XP 100.00 100.00 0.00 0.00 0.00 0.00
Totals 412,192,991.39 404,580,611.03 310,414.75 17,431,755.77 0.00 0.00
<FN>
(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.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
I-A1 348,102.36 70,907,263.41 0.99207073 348,102.36
I-A2 0.00 0.00 0.00000000 0.00
I-X 0.00 0.00 0.00000000 0.00
I-PO 5,974.13 5,787,724.97 0.99712315 5,974.13
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-III 0.00 0.00 0.00000000 0.00
II-A1 6,025,170.47 71,908,746.65 0.89885933 6,025,170.47
II-A2 0.00 2,849,850.00 1.00000000 0.00
II-A3 3,752,633.27 44,786,642.44 0.89885933 3,752,633.27
II-A4 5,134,493.16 50,320,844.88 0.87948904 5,134,493.16
II-A5 0.00 10,957,914.00 1.00000000 0.00
II-X 0.00 0.00 0.00000000 0.00
II-PO 239.85 129,644.25 0.99648015 239.85
III-A 2,443,639.91 91,109,177.77 0.95110475 2,443,639.91
III-X 0.00 0.00 0.00000000 0.00
III-PO 2,786.34 8,528.96 0.75288834 2,786.34
B-1 11,809.01 15,433,474.53 0.99847801 11,809.01
B-2 6,297.58 8,230,454.20 0.99847801 6,297.58
B-3 3,936.08 5,144,158.68 0.99847800 3,936.08
B-4 2,834.41 3,704,353.40 0.99847801 2,834.41
B-5 2,204.88 2,881,607.52 0.99847800 2,204.88
B-6 2,049.05 2,677,954.85 0.99847779 2,049.05
BX 0.00 0.00 0.00000000 0.00
XP 0.00 100.00 1.00000000 0.00
Totals 17,742,170.50 386,838,440.51 0.93848864 17,742,170.50
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
I-A1 71,474,000.00 996.94106626 0.66436942 4.20596609 0.00000000
I-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
I-PO 5,804,423.40 998.15239185 0.86571562 0.16352356 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
R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000
II-A1 80,000,000.00 974.17396400 0.81878250 74.49584838 0.00000000
II-A2 2,849,850.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A3 49,826,086.00 974.17396402 0.81878255 74.49584842 0.00000000
II-A4 57,216,000.00 969.22780411 0.97559441 88.76317044 0.00000000
II-A5 10,957,914.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
II-PO 130,102.19 998.32370231 1.56592291 0.27762792 0.00000000
III-A 95,793,000.00 976.61434218 0.69355684 24.81603050 0.00000000
III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
III-PO 11,328.32 998.85066806 1.15286291 244.80946866 0.00000000
B-1 15,457,000.00 999.24199651 0.76399107 0.00000000 0.00000000
B-2 8,243,000.00 999.24199685 0.76399127 0.00000000 0.00000000
B-3 5,152,000.00 999.24199728 0.76399068 0.00000000 0.00000000
B-4 3,710,000.00 999.24199730 0.76399191 0.00000000 0.00000000
B-5 2,886,000.00 999.24199584 0.76399168 0.00000000 0.00000000
B-6 2,682,037.48 999.24178166 0.76399007 0.00000000 0.00000000
BX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
I-A1 0.00000000 4.87033551 992.07073076 0.99207073 4.87033551
I-A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
I-PO 0.00000000 1.02923746 997.12315439 0.99712315 1.02923746
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A1 0.00000000 75.31463087 898.85933313 0.89885933 75.31463087
II-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A3 0.00000000 75.31463077 898.85933324 0.89885933 75.31463077
II-A4 0.00000000 89.73876468 879.48903943 0.87948904 89.73876468
II-A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-PO 0.00000000 1.84355083 996.48015149 0.99648015 1.84355083
III-A 0.00000000 25.50958744 951.10475473 0.95110475 25.50958744
III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
III-PO 0.00000000 245.96233157 752.88833649 0.75288834 245.96233157
B-1 0.00000000 0.76399107 998.47800543 0.99847801 0.76399107
B-2 0.00000000 0.76399127 998.47800558 0.99847801 0.76399127
B-3 0.00000000 0.76399068 998.47800466 0.99847800 0.76399068
B-4 0.00000000 0.76399191 998.47800539 0.99847801 0.76399191
B-5 0.00000000 0.76399168 998.47800416 0.99847800 0.76399168
B-6 0.00000000 0.76399007 998.47778786 0.99847779 0.76399007
BX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
XP 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
<FN>
(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.
</FN>
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
<s> <c> <c> <c> <c> <c> <c>
I-A1 71,474,000.00 1.93000% 71,255,365.77 114,602.38 0.00 0.00
I-A2 0.00 6.57000% 0.00 390,123.13 0.00 0.00
I-X 0.00 0.58419% 27,769,808.07 13,519.07 0.00 0.00
I-PO 5,804,423.40 0.00000% 5,793,699.10 0.00 0.00 0.00
R-I 50.00 6.50000% 0.00 0.00 0.00 0.00
R-II 50.00 6.50000% 0.00 0.00 0.00 0.00
R-III 50.00 6.50000% 0.00 0.00 0.00 0.00
II-A1 80,000,000.00 6.00000% 77,933,917.12 389,669.59 0.00 0.00
II-A2 2,849,850.00 6.50000% 2,849,850.00 15,436.69 0.00 0.00
II-A3 49,826,086.00 8.50000% 48,539,275.71 343,819.87 0.00 0.00
II-A4 57,216,000.00 5.62500% 55,455,338.04 259,946.90 0.00 0.00
II-A5 10,957,914.00 5.62500% 10,957,914.00 51,365.22 0.00 0.00
II-X 0.00 0.95408% 205,682,104.25 163,530.28 0.00 0.00
II-PO 130,102.19 0.00000% 129,884.10 0.00 0.00 0.00
III-A 95,793,000.00 6.50000% 93,552,817.68 506,744.43 0.00 0.00
III-X 0.00 1.31514% 102,643,442.21 112,491.61 0.00 0.00
III-PO 11,328.32 0.00000% 11,315.30 0.00 0.00 0.00
B-1 15,457,000.00 6.50000% 15,445,283.54 83,661.95 0.00 0.00
B-2 8,243,000.00 6.50000% 8,236,751.78 44,615.74 0.00 0.00
B-3 5,152,000.00 6.50000% 5,148,094.77 27,885.51 0.00 0.00
B-4 3,710,000.00 6.91321% 3,707,187.81 21,357.15 0.00 0.00
B-5 2,886,000.00 6.91321% 2,883,812.40 16,613.68 0.00 0.00
B-6 2,682,037.48 6.91321% 2,680,003.91 15,439.53 0.00 0.00
BX 0.00 6.50000% 1,832,696.28 9,927.10 0.00 0.00
XP 100.00 0.00000% 100.00 0.00 0.00 0.00
Totals 412,192,991.39 2,580,749.83 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
<s> <c> <c> <c> <c> <c>
I-A1 0.00 0.00 114,602.38 0.00 70,907,263.41
I-A2 0.00 0.00 390,123.12 0.00 0.00
I-X 0.00 0.00 13,519.07 0.00 27,457,210.70
I-PO 0.00 0.00 0.00 0.00 5,787,724.97
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.41 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
II-A1 0.00 0.00 389,669.58 0.00 71,908,746.65
II-A2 0.00 0.00 15,436.69 0.00 2,849,850.00
II-A3 0.00 0.00 343,819.87 0.00 44,786,642.44
II-A4 0.00 0.00 259,946.89 0.00 50,320,844.88
II-A5 0.00 0.00 51,365.22 0.00 10,957,914.00
II-X 0.00 0.00 163,530.28 0.00 190,776,751.31
II-PO 0.00 0.00 0.00 0.00 129,644.25
III-A 0.00 0.00 506,744.42 0.00 91,109,177.77
III-X 0.00 0.00 112,491.61 0.00 100,315,143.88
III-PO 0.00 0.00 0.00 0.00 8,528.96
B-1 0.00 0.00 83,661.95 0.00 15,433,474.53
B-2 0.00 0.00 44,615.74 0.00 8,230,454.20
B-3 0.00 0.00 27,885.51 0.00 5,144,158.68
B-4 0.00 0.00 21,357.15 0.00 3,704,353.40
B-5 0.00 0.00 16,613.68 0.00 2,881,607.52
B-6 0.00 0.00 15,439.53 0.00 2,677,954.85
BX 0.00 0.00 9,927.10 0.00 1,831,474.96
XP 0.00 0.00 7,104.92 0.00 100.00
Totals 0.00 0.00 2,587,855.12 0.00
<FN>
(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.
</FN>
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
<s> <c> <c> <c> <c> <c> <c>
I-A1 71,474,000.00 1.93000% 996.94106626 1.60341355 0.00000000 0.00000000
I-A2 0.00 6.57000% 0.00000000 5.45825237 0.00000000 0.00000000
I-X 0.00 0.58419% 996.33108570 0.48504007 0.00000000 0.00000000
I-PO 5,804,423.40 0.00000% 998.15239185 0.00000000 0.00000000 0.00000000
R-I 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
R-III 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
II-A1 80,000,000.00 6.00000% 974.17396400 4.87086988 0.00000000 0.00000000
II-A2 2,849,850.00 6.50000% 1000.00000000 5.41666754 0.00000000 0.00000000
II-A3 49,826,086.00 8.50000% 974.17396402 6.90039892 0.00000000 0.00000000
II-A4 57,216,000.00 5.62500% 969.22780411 4.54325538 0.00000000 0.00000000
II-A5 10,957,914.00 5.62500% 1000.00000000 4.68749983 0.00000000 0.00000000
II-X 0.00 0.95408% 975.73138243 0.77576815 0.00000000 0.00000000
II-PO 130,102.19 0.00000% 998.32370231 0.00000000 0.00000000 0.00000000
III-A 95,793,000.00 6.50000% 976.61434218 5.28999436 0.00000000 0.00000000
III-X 0.00 1.31514% 978.58373829 1.07247436 0.00000000 0.00000000
III-PO 11,328.32 0.00000% 998.85066806 0.00000000 0.00000000 0.00000000
B-1 15,457,000.00 6.50000% 999.24199651 5.41256065 0.00000000 0.00000000
B-2 8,243,000.00 6.50000% 999.24199685 5.41256096 0.00000000 0.00000000
B-3 5,152,000.00 6.50000% 999.24199728 5.41256017 0.00000000 0.00000000
B-4 3,710,000.00 6.91321% 999.24199730 5.75664420 0.00000000 0.00000000
B-5 2,886,000.00 6.91321% 999.24199584 5.75664588 0.00000000 0.00000000
B-6 2,682,037.48 6.91321% 999.24178166 5.75664215 0.00000000 0.00000000
BX 0.00 6.50000% 999.33906186 5.41308394 0.00000000 0.00000000
XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
I-A1 0.00000000 0.00000000 1.60341355 0.00000000 992.07073076
I-A2 0.00000000 0.00000000 5.45825223 0.00000000 0.00000000
I-X 0.00000000 0.00000000 0.48504007 0.00000000 985.11565071
I-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.12315439
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 8.20000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
II-A1 0.00000000 0.00000000 4.87086975 0.00000000 898.85933313
II-A2 0.00000000 0.00000000 5.41666754 0.00000000 1000.00000000
II-A3 0.00000000 0.00000000 6.90039892 0.00000000 898.85933324
II-A4 0.00000000 0.00000000 4.54325521 0.00000000 879.48903943
II-A5 0.00000000 0.00000000 4.68749983 0.00000000 1000.00000000
II-X 0.00000000 0.00000000 0.77576815 0.00000000 905.02216500
II-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.48015149
III-A 0.00000000 0.00000000 5.28999426 0.00000000 951.10475473
III-X 0.00000000 0.00000000 1.07247436 0.00000000 956.38616936
III-PO 0.00000000 0.00000000 0.00000000 0.00000000 752.88833649
B-1 0.00000000 0.00000000 5.41256065 0.00000000 998.47800543
B-2 0.00000000 0.00000000 5.41256096 0.00000000 998.47800558
B-3 0.00000000 0.00000000 5.41256017 0.00000000 998.47800466
B-4 0.00000000 0.00000000 5.75664420 0.00000000 998.47800539
B-5 0.00000000 0.00000000 5.75664588 0.00000000 998.47800416
B-6 0.00000000 0.00000000 5.75664215 0.00000000 998.47778786
BX 0.00000000 0.00000000 5.41308394 0.00000000 998.67309620
XP 0.00000000 0.00000000 71049.20000000 0.00000000 1000.00000000
<FN>
(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.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 20,371,898.87
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 49,157.45
Realized Losses 0.00
Prepayment Penalties 0.00
Total Deposits 20,421,056.32
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 91,030.70
Payment of Interest and Principal 20,330,025.62
Total Withdrawals (Pool Distribution Amount) 20,421,056.32
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 84,287.71
Master Servicing Fee 6,742.99
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 91,030.70
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
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 0 0 0
0.00 0.00 0.00 0.00
30 Days 21 0 0 0 21
4,242,250.28 0.00 0.00 0.00 4,242,250.28
60 Days 9 0 0 0 9
2,267,400.08 0.00 0.00 0.00 2,267,400.08
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 30 0 0 0 30
6,509,650.36 0.00 0.00 0.00 6,509,650.36
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.186441% 0.000000% 0.000000% 0.000000% 1.186441%
1.095892% 0.000000% 0.000000% 0.000000% 1.095892%
60 Days 0.508475% 0.000000% 0.000000% 0.000000% 0.508475%
0.585733% 0.000000% 0.000000% 0.000000% 0.585733%
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 1.694915% 0.000000% 0.000000% 0.000000% 1.694915%
1.681625% 0.000000% 0.000000% 0.000000% 1.681625%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 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 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
1,618,303.24 0.00 0.00 0.00 1,618,303.24
60 Days 4 0 0 0 4
724,720.40 0.00 0.00 0.00 724,720.40
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 0 0 0 13
2,343,023.64 0.00 0.00 0.00 2,343,023.64
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.792829% 0.000000% 0.000000% 0.000000% 1.792829%
1.912563% 0.000000% 0.000000% 0.000000% 1.912563%
60 Days 0.796813% 0.000000% 0.000000% 0.000000% 0.796813%
0.856498% 0.000000% 0.000000% 0.000000% 0.856498%
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 2.589641% 0.000000% 0.000000% 0.000000% 2.589641%
2.769061% 0.000000% 0.000000% 0.000000% 2.769061%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 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 0 0 0
0.00 0.00 0.00 0.00
30 Days 4 0 0 0 4
1,356,997.63 0.00 0.00 0.00 1,356,997.63
60 Days 4 0 0 0 4
1,431,492.86 0.00 0.00 0.00 1,431,492.86
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 8 0 0 0 8
2,788,490.49 0.00 0.00 0.00 2,788,490.49
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.766284% 0.000000% 0.000000% 0.000000% 0.766284%
0.673263% 0.000000% 0.000000% 0.000000% 0.673263%
60 Days 0.766284% 0.000000% 0.000000% 0.000000% 0.766284%
0.710223% 0.000000% 0.000000% 0.000000% 0.710223%
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 1.532567% 0.000000% 0.000000% 0.000000% 1.532567%
1.383486% 0.000000% 0.000000% 0.000000% 1.383486%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 3 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 0 0 0
0.00 0.00 0.00 0.00
30 Days 8 0 0 0 8
1,266,949.41 0.00 0.00 0.00 1,266,949.41
60 Days 1 0 0 0 1
111,186.82 0.00 0.00 0.00 111,186.82
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 9 0 0 0 9
1,378,136.23 0.00 0.00 0.00 1,378,136.23
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.072386% 0.000000% 0.000000% 0.000000% 1.072386%
1.255212% 0.000000% 0.000000% 0.000000% 1.255212%
60 Days 0.134048% 0.000000% 0.000000% 0.000000% 0.134048%
0.110157% 0.000000% 0.000000% 0.000000% 0.110157%
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 1.206434% 0.000000% 0.000000% 0.000000% 1.206434%
1.365369% 0.000000% 0.000000% 0.000000% 1.365369%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 49,157.45
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 8.054971%
Weighted Average Pass-Through Rate 7.675667%
Weighted Average Maturity(Stepdown Calculation ) 342
Beginning Scheduled Collateral Loan Count 1,824
Number Of Loans Paid In Full 54
Ending Scheduled Collateral Loan Count 1,770
Beginning Scheduled Collateral Balance 404,580,611.02
Ending Scheduled Collateral Balance 386,838,440.52
Ending Actual Collateral Balance at 30-Nov-2002 387,104,852.75
Monthly P &I Constant 3,019,047.27
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 20,065,288.35
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 386,838,440.52
Scheduled Principal 310,414.74
Unscheduled Principal 17,431,755.76
Miscellaneous Reporting
3 Month Rolling Average 0.000000%
Prepayment Penalties Group 1 7,104.92
Prepayment Penalties Group 2 0.00
Senior Percentage Group 1 90.051893%
Senior Prepayment Percentage Group 1 100.000000%
Subordinate Percentage Group 1 9.948107%
Subordinate Prepayment Pct. Group 1 0.000000%
Senior Percentage Group 2 90.532022%
Senior Prepayment Percentage Group 2 100.000000%
Subordinate Percentage Group 2 9.467978%
Subordinate Prepayment Pct. Group 2 0.000000%
Senior Percentage Group 3 90.553672%
Senior Prepayment Percentage Group 3 100.000000%
Subordinate Percentage Group 3 9.446328%
Subordinate Prepayment Pct. Group 3 0.000000%
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed
Weighted Average Coupon Rate 8.481523 7.742613 8.358400
Weighted Average Net Rate 8.231523 7.492612 8.108400
Weighted Average Maturity 330 343 348
Beginning Loan Count 505 559 760
Loans Paid In Full 3 37 14
Ending Loan Count 502 522 746
Beginning Scheduled Balance 84,920,703.76 216,336,582.63 103,323,324.63
Ending scheduled Balance 84,561,381.54 201,407,091.23 100,869,967.75
Record Date 11/30/2002 11/30/2002 11/30/2002
Principal And Interest Constant 650,865.00 1,575,119.25 793,063.02
Scheduled Principal 57,755.84 179,277.31 73,381.59
Unscheduled Principal 301,566.38 14,750,214.09 2,379,975.29
Scheduled Interest 600,214.08 1,395,841.94 719,681.43
Servicing Fees 17,691.83 45,070.16 21,525.72
Master Servicing Fees 1,415.33 3,605.62 1,722.04
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 12,516.21 24,335.53
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 581,106.92 1,334,649.95 672,098.14
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 8.211523 7.403186 7.805767
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 8.054971
Weighted Average Net Rate 7.804970
Weighted Average Maturity 342
Beginning Loan Count 1,824
Loans Paid In Full 54
Ending Loan Count 1,770
Beginning Scheduled Balance 404,580,611.02
Ending scheduled Balance 386,838,440.52
Record Date 11/30/2002
Principal And Interest Constant 3,019,047.27
Scheduled Principal 310,414.74
Unscheduled Principal 17,431,755.76
Scheduled Interest 2,715,737.45
Servicing Fees 84,287.71
Master Servicing Fees 6,742.99
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 36,851.74
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,587,855.01
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.00
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 7.675667