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
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset-Backed Certificates, Series 2002-FF1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-84929-09
Pooling and Servicing Agreement) (Commission 52-2365555
(State or other File Number) 52-2365556
jurisdiction 52-2365557
of Incorporation) 52-2365558
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 FIRST FRANKLIN
MORTGAGE LOAN TRUST, Asset-Backed Certificates, Series 2002-FF1 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-FF1 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.
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset-Backed Certificates, Series 2002-FF1 Trust
By: Wells Fargo Bank Minnesota, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 1/9/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset-Backed Certificates, Series
2002-FF1 Trust, relating to the December 26, 2002
distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Asset-Backed Certificates
Record Date: 11/30/02
Distribution Date: 12/26/02
FFM Series: 2002-FF1
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
<s> <c> <c> <c> <c> <c> <c>
I-A-1 32027NAN1 SEN 1.51000% 32,266,307.37 41,955.16 7,381,955.64
I-A-2 32027NAP6 SEN 3.79000% 432,700,000.00 1,366,610.83 0.00
II-A-1 32027NAQ4 SEN 1.67000% 102,999,129.66 148,118.47 2,181,248.20
M-1 32027NAR2 SUB 2.08000% 14,264,000.00 25,548.41 0.00
M-2 32027NAS0 SUB 2.58000% 12,679,000.00 28,168.51 0.00
M-3 32027NAT8 SUB 3.23000% 12,679,000.00 35,265.23 0.00
C FFM02FF1C SEN 0.00000% 1,584,883.64 1,721,452.82 0.00
P FFM02FF1P SEN 0.00000% 100.00 237,573.58 0.00
DIV_CERT SEN 0.00000% 0.01 11,051.79 0.00
AUCADMIN SEN 0.00000% 0.00 0.00 0.00
R1 FFM2FF1R1 SEN 0.00000% 0.00 0.00 0.00
R2 FFM2FF1R2 SEN 0.00000% 0.00 0.00 0.00
R3 FFM2FF1R3 SEN 0.00000% 0.00 0.00 0.00
R4 FFM2FF1R4 SEN 0.00000% 0.00 0.00 0.00
Totals 609,172,420.68 3,615,744.80 9,563,203.84
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
I-A-1 0.00 24,884,351.73 7,423,910.80 0.00
I-A-2 0.00 432,700,000.00 1,366,610.83 0.00
II-A-1 0.00 100,817,881.46 2,329,366.67 0.00
M-1 0.00 14,264,000.00 25,548.41 0.00
M-2 0.00 12,679,000.00 28,168.51 0.00
M-3 0.00 12,679,000.00 35,265.23 0.00
C 0.00 1,584,883.64 1,721,452.82 0.01
P 0.00 100.00 237,573.58 0.00
DIV_CERT 0.00 0.01 11,051.79 0.00
AUCADMIN 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00
R4 0.00 0.00 0.00 0.00
Totals 0.00 599,609,216.84 13,178,948.64 0.01
<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-A-1 50,079,000.00 32,266,307.37 0.00 7,381,955.64 0.00 0.00
I-A-2 432,700,000.00 432,700,000.00 0.00 0.00 0.00 0.00
II-A-1 109,968,000.00 102,999,129.66 0.00 2,181,248.20 0.00 0.00
M-1 14,264,000.00 14,264,000.00 0.00 0.00 0.00 0.00
M-2 12,679,000.00 12,679,000.00 0.00 0.00 0.00 0.00
M-3 12,679,000.00 12,679,000.00 0.00 0.00 0.00 0.00
C 1,584,358.44 1,584,883.64 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
DIV_CERT 0.01 0.01 0.00 0.00 0.00 0.00
AUCADMIN 0.00 0.00 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00 0.00
R4 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Totals 633,953,458.45 609,172,420.68 0.00 9,563,203.84 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-A-1 7,381,955.64 24,884,351.73 0.49690193 7,381,955.64
I-A-2 0.00 432,700,000.00 1.00000000 0.00
II-A-1 2,181,248.20 100,817,881.46 0.91679290 2,181,248.20
M-1 0.00 14,264,000.00 1.00000000 0.00
M-2 0.00 12,679,000.00 1.00000000 0.00
M-3 0.00 12,679,000.00 1.00000000 0.00
C 0.00 1,584,883.64 1.00033149 0.00
P 0.00 100.00 1.00000000 0.00
DIV_CERT 0.00 0.01 1.00000000 0.00
AUCADMIN 0.00 0.00 0.00000000 0.00
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
R3 0.00 0.00 0.00000000 0.00
R4 0.00 0.00 0.00000000 0.00
R4 0.00 0.00 0.00000000 0.00
Totals 9,563,203.84 599,609,216.84 0.94582529 9,563,203.84
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-A-1 50,079,000.00 644.30814054 0.00000000 147.40621099 0.00000000
I-A-2 432,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
II-A-1 109,968,000.00 936.62819784 0.00000000 19.83529936 0.00000000
M-1 14,264,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 12,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 12,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 1,584,358.44 1000.33149064 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.01 0.00000000 0.00000000 0.00000000 0.00000000
AUCADMIN 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are Per 1,000 Denomination
</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-A-1 0.00000000 147.40621099 496.90192955 0.49690193 147.40621099
I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
II-A-1 0.00000000 19.83529936 916.79289848 0.91679290 19.83529936
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C 0.00000000 0.00000000 1,000.33149064 1.00033149 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000
AUCADMIN 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R4 0.00000000 0.00000000 0.00000000 0.00000000 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-A-1 50,079,000.00 1.51000% 32,266,307.37 41,955.16 0.00 0.00
I-A-2 432,700,000.00 3.79000% 432,700,000.00 1,366,610.83 0.00 0.00
II-A-1 109,968,000.00 1.67000% 102,999,129.66 148,118.47 0.00 0.00
M-1 14,264,000.00 2.08000% 14,264,000.00 25,548.41 0.00 0.00
M-2 12,679,000.00 2.58000% 12,679,000.00 28,168.51 0.00 0.00
M-3 12,679,000.00 3.23000% 12,679,000.00 35,265.23 0.00 0.00
C 1,584,358.44 0.00000% 1,584,883.64 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
DIV_CERT 0.01 0.00000% 0.01 0.00 0.00 0.00
AUCADMIN 0.00 0.00000% 0.00 0.00 0.00 0.00
R1 0.00 0.00000% 0.00 0.00 0.00 0.00
R2 0.00 0.00000% 0.00 0.00 0.00 0.00
R3 0.00 0.00000% 0.00 0.00 0.00 0.00
R4 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 633,953,458.45 1,645,666.61 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-A-1 0.00 0.00 41,955.16 0.00 24,884,351.73
I-A-2 0.00 0.00 1,366,610.83 0.00 432,700,000.00
II-A-1 0.00 0.00 148,118.47 0.00 100,817,881.46
M-1 0.00 0.00 25,548.41 0.00 14,264,000.00
M-2 0.00 0.00 28,168.51 0.00 12,679,000.00
M-3 0.00 0.00 35,265.23 0.00 12,679,000.00
C 0.00 0.00 1,721,452.82 0.00 1,584,883.64
P 0.00 0.00 237,573.58 0.00 100.00
DIV_CERT 0.00 0.00 11,051.79 0.00 0.01
AUCADMIN 0.00 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
R4 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,615,744.80 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-A-1 50,079,000.00 1.51000% 644.30814054 0.83777951 0.00000000 0.00000000
I-A-2 432,700,000.00 3.79000% 1000.00000000 3.15833333 0.00000000 0.00000000
II-A-1 109,968,000.00 1.67000% 936.62819784 1.34692338 0.00000000 0.00000000
M-1 14,264,000.00 2.08000% 1000.00000000 1.79111119 0.00000000 0.00000000
M-2 12,679,000.00 2.58000% 1000.00000000 2.22166654 0.00000000 0.00000000
M-3 12,679,000.00 3.23000% 1000.00000000 2.78138891 0.00000000 0.00000000
C 1,584,358.44 0.00000% 1000.33149064 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
AUCADMIN 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are Per 1,000 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-A-1 0.00000000 0.00000000 0.83777951 0.00000000 496.90192955
I-A-2 0.00000000 0.00000000 3.15833333 0.00000000 1000.00000000
II-A-1 0.00000000 0.00000000 1.34692338 0.00000000 916.79289848
M-1 0.00000000 0.00000000 1.79111119 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.22166654 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.78138891 0.00000000 1000.00000000
C 0.00000000 0.00000000 1086.52990166 0.00000000 1000.33149064
P 0.00000000 0.00000000 2375735.80000000 0.00000000 1000.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
AUCADMIN 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 13,553,503.37
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (28,865.72)
Prepayment Penalties 237,573.58
Total Deposits 13,762,211.23
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 583,262.59
Payment of Interest and Principal 13,178,948.64
Total Withdrawals (Pool Distribution Amount) 13,762,211.23
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 253,821.66
Radian Insurance Fee 326,649.24
Wells Fargo Bank Minnesota, N.A. 2,791.69
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 583,262.59
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 12 0 0 12
1,670,144.66 0.00 0.00 1,670,144.66
30 Days 30 0 0 0 30
4,662,185.29 0.00 0.00 0.00 4,662,185.29
60 Days 3 1 15 0 19
510,074.25 55,865.23 2,073,570.43 0.00 2,639,509.91
90 Days 2 5 37 4 48
177,700.95 876,245.39 5,942,296.95 238,709.37 7,234,952.66
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 35 18 52 4 109
5,349,960.49 2,602,255.28 8,015,867.38 238,709.37 16,206,792.52
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 0.299476% 0.000000% 0.000000% 0.299476%
0.278467% 0.000000% 0.000000% 0.278467%
30 Days 0.748690% 0.000000% 0.000000% 0.000000% 0.748690%
0.777336% 0.000000% 0.000000% 0.000000% 0.777336%
60 Days 0.074869% 0.024956% 0.374345% 0.000000% 0.474170%
0.085046% 0.009315% 0.345731% 0.000000% 0.440091%
90 Days 0.049913% 0.124782% 0.923384% 0.099825% 1.197904%
0.029628% 0.146098% 0.990771% 0.039800% 1.206298%
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 0.873471% 0.449214% 1.297729% 0.099825% 2.720240%
0.892010% 0.433879% 1.336502% 0.039800% 2.702191%
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 12 0 0 12
1,670,144.66 0.00 0.00 1,670,144.66
30 Days 29 0 0 0 29
4,322,037.49 0.00 0.00 0.00 4,322,037.49
60 Days 3 1 15 0 19
510,074.25 55,865.23 2,073,570.43 0.00 2,639,509.91
90 Days 2 5 32 4 43
177,700.95 876,245.39 4,045,080.39 238,709.37 5,337,736.10
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 34 18 47 4 103
5,009,812.69 2,602,255.28 6,118,650.82 238,709.37 13,969,428.16
0-29 Days 2.185792% 0.000000% 0.000000% 2.185792%
2.435963% 0.000000% 0.000000% 2.435963%
30 Days 5.282332% 0.000000% 0.000000% 0.000000% 5.282332%
6.303839% 0.000000% 0.000000% 0.000000% 6.303839%
60 Days 0.546448% 0.182149% 2.732240% 0.000000% 3.460838%
0.743961% 0.081481% 3.024373% 0.000000% 3.849815%
90 Days 0.364299% 0.910747% 5.828780% 0.728597% 7.832423%
0.259183% 1.278034% 5.899888% 0.348166% 7.785270%
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 6.193078% 3.278689% 8.561020% 0.728597% 18.761384%
7.306983% 3.795478% 8.924261% 0.348166% 20.374887%
<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 1 0 0 0 1
340,147.80 0.00 0.00 0.00 340,147.80
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 5 0 5
0.00 0.00 1,897,216.56 0.00 1,897,216.56
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 1 0 5 0 6
340,147.80 0.00 1,897,216.56 0.00 2,237,364.36
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.031566% 0.000000% 0.000000% 0.000000% 0.031566%
0.080469% 0.000000% 0.000000% 0.000000% 0.080469%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.157828% 0.000000% 0.157828%
0.000000% 0.000000% 0.448828% 0.000000% 0.448828%
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 0.031566% 0.000000% 0.157828% 0.000000% 0.189394%
0.080469% 0.000000% 0.448828% 0.000000% 0.529297%
<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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 4 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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 183,912.48
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 7.960403%
Weighted Average Net Coupon 7.460403%
Weighted Average Pass-Through Rate 6.811441%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 4,056
Number Of Loans Paid In Full 49
Ending Scheduled Collateral Loan Count 4,007
Beginning Scheduled Collateral Balance 609,172,420.67
Ending Scheduled Collateral Balance 599,609,216.83
Ending Actual Collateral Balance at 30-Nov-2002 599,764,866.00
Monthly P &I Constant 4,490,421.86
Special Servicing Fee 0.00
Prepayment Penalties 237,573.58
Realized Loss Amount 28,865.72
Cumulative Realized Loss 28,865.72
Ending Scheduled Balance for Premium Loans 599,609,216.83
Scheduled Principal 449,373.31
Unscheduled Principal 9,113,830.53
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 28,865.72
Overcollateralized reduction Amount 0.00
Specified O/C Amount 1,584,883.65
Overcollateralized Amount 1,584,883.65
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 28,865.72
Excess Cash Amount 0.00
Dividend Account Deposit 61,800.00
Dividend Account Withdrawal 11,051.79
Dividend Account Balance 421,146.38
Credit Enhancement Percentage 6.50423%
Trigger Event Not Triggered
Stepdown Date Do Not Step Down
Class I-A-1 Pass-Through Rate for next distribution date 1.550%
Class I-A-2 Pass-Through Rate for next distribution date 3.790%
Class II-A-1 Pass-Through Rate for next distribution date 1.710%
Class M-1 Pass-Through Rate for next distribution date 2.120%
Class M-2 Pass-Through Rate for next distribution date 2.620%
Class M-3 Pass-Through Rate for next distribution date 3.270%
Other Income 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.373340 8.007095 7.641966
Weighted Average Net Rate 7.873339 7.507095 7.141967
Weighted Average Maturity 350 350 349
Beginning Loan Count 553 3,207 41
Loans Paid In Full 4 39 0
Ending Loan Count 549 3,168 41
Beginning Scheduled Balance 69,162,759.38 429,365,931.80 14,354,378.88
Ending scheduled Balance 68,548,250.27 422,591,901.36 14,342,144.85
Record Date 11/30/2002 11/30/2002 11/30/2002
Principal And Interest Constant 538,961.38 3,171,351.00 103,246.13
Scheduled Principal 56,358.65 306,372.90 11,833.07
Unscheduled Principal 558,150.46 6,467,657.54 400.96
Scheduled Interest 482,602.73 2,864,978.10 91,413.06
Servicing Fees 28,817.85 178,902.30 5,980.99
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 317.03 1,967.52 65.80
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 38,362.00 224,909.99 8,408.33
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 453,784.88 2,686,075.80 85,432.07
Realized Loss Amount 0.00 28,865.72 0.00
Cumulative Realized Loss 0.00 28,865.72 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 7.202245 6.873011 6.433544
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM
Weighted Average Coupon Rate 7.503068 7.960403
Weighted Average Net Rate 7.003068 7.460403
Weighted Average Maturity 349 349
Beginning Loan Count 255 4,056
Loans Paid In Full 6 49
Ending Loan Count 249 4,007
Beginning Scheduled Balance 96,289,350.61 609,172,420.67
Ending scheduled Balance 94,126,920.35 599,609,216.83
Record Date 11/30/2002 11/30/2002
Principal And Interest Constant 676,863.35 4,490,421.86
Scheduled Principal 74,808.69 449,373.31
Unscheduled Principal 2,087,621.57 9,113,830.53
Scheduled Interest 602,054.66 4,041,048.55
Servicing Fees 40,120.52 253,821.66
Master Servicing Fees 0.00 0.00
Trustee Fee 441.34 2,791.69
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 54,968.92 326,649.24
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 561,934.14 3,787,226.89
Realized Loss Amount 0.00 28,865.72
Cumulative Realized Loss 0.00 28,865.72
Percentage of Cumulative Losses 0.00 0.00
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.312521 6.811441