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
ASSET BACKED FUNDING CORPORATION
ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-32857-01
Pooling and Servicing Agreement) (Commission Pending
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 26, 2002 a distribution was made to holders of ASSET BACKED FUNDING
CORPORATION, ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2
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 ABFC Mortgage Loan
Asset Backed Certificates,
Series 2002-WF2 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.
ASSET BACKED FUNDING CORPORATION
ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 Trust
By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 12/31/02
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of ABFC
Mortgage Loan Asset Backed Certificates, Series
2002-WF2 Trust, relating to the December 26, 2002
distribution.
EX-99.1
Asset Backed Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/02
Distribution Date: 12/26/02
ABFC Series: 2002-WF2
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>
A1 04542BBS0 SEN 2.70500% 24,010,687.84 54,124.09 2,998,177.76
A2 04542BBT8 SEN 2.85800% 189,463,000.00 451,237.71 0.00
AIO 04542BBU5 SEN 6.00000% 0.00 130,080.00 0.00
M1 04542BBV3 SUB 2.10000% 14,309,000.00 25,875.44 0.00
M2 04542BBW1 SUB 2.78000% 13,008,000.00 31,139.71 0.00
M3 04542BBX9 SUB 3.23000% 7,805,000.00 21,708.74 0.00
M4 04542BBY7 SUB 3.53000% 3,252,000.00 9,885.18 0.00
B 04542BBZ4 SUB 5.88000% 1,951,000.00 9,878.56 0.00
CE ABF02W2CE SUB 0.00000% 1,300,806.87 1,051,906.60 0.00
R1 ABF02W2R1 SUB 0.00000% 0.00 0.00 0.00
R2 ABF02W2R2 SUB 0.00000% 0.00 0.00 0.00
R3 ABF02W2R3 SUB 0.00000% 0.00 0.00 0.00
R4 ABF02W2R4 SUB 0.00000% 0.00 0.00 0.00
R5 ABF02W2R5 SUB 0.00000% 0.00 0.00 0.00
P ABF02WF2P SUB 0.00000% 0.00 56,325.96 0.00
Totals 255,099,494.71 1,842,161.99 2,998,177.76
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A1 0.00 21,012,510.08 3,052,301.85 0.00
A2 0.00 189,463,000.00 451,237.71 0.00
AIO 0.00 0.00 130,080.00 0.00
M1 0.00 14,309,000.00 25,875.44 0.00
M2 0.00 13,008,000.00 31,139.71 0.00
M3 0.00 7,805,000.00 21,708.74 0.00
M4 0.00 3,252,000.00 9,885.18 0.00
B 0.00 1,951,000.00 9,878.56 0.00
CE 0.00 1,300,806.87 1,051,906.60 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
R5 0.00 0.00 0.00 0.00
P 0.00 0.01 56,325.96 0.00
Totals 0.00 252,101,316.96 4,840,339.75 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>
A1 29,072,000.00 24,010,687.84 0.00 2,998,177.76 0.00 0.00
A2 189,463,000.00 189,463,000.00 0.00 0.00 0.00 0.00
AIO 0.00 0.00 0.00 0.00 0.00 0.00
M1 14,309,000.00 14,309,000.00 0.00 0.00 0.00 0.00
M2 13,008,000.00 13,008,000.00 0.00 0.00 0.00 0.00
M3 7,805,000.00 7,805,000.00 0.00 0.00 0.00 0.00
M4 3,252,000.00 3,252,000.00 0.00 0.00 0.00 0.00
B 1,951,000.00 1,951,000.00 0.00 0.00 0.00 0.00
CE 1,301,376.21 1,300,806.87 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
R5 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
Totals 260,161,376.21 255,099,494.71 0.00 2,998,177.76 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>
A1 2,998,177.76 21,012,510.08 0.72277484 2,998,177.76
A2 0.00 189,463,000.00 1.00000000 0.00
AIO 0.00 0.00 0.00000000 0.00
M1 0.00 14,309,000.00 1.00000000 0.00
M2 0.00 13,008,000.00 1.00000000 0.00
M3 0.00 7,805,000.00 1.00000000 0.00
M4 0.00 3,252,000.00 1.00000000 0.00
B 0.00 1,951,000.00 1.00000000 0.00
CE 0.00 1,300,806.87 0.99956251 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
R5 0.00 0.00 0.00000000 0.00
P 0.00 0.01 0.00000000 0.00
Totals 2,998,177.76 252,101,316.96 0.96901900 2,998,177.76
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>
A1 29,072,000.00 825.90423225 0.00000000 103.12939461 0.00000000
A2 189,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
M1 14,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 13,008,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 7,805,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M4 3,252,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 1,951,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 1,301,376.21 999.56250929 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
R5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1000.00 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>
A1 0.00000000 103.12939461 722.77483764 0.72277484 103.12939461
A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.56250929 0.99956251 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
R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 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>
A1 29,072,000.00 2.70500% 24,010,687.84 54,124.09 0.00 0.00
A2 189,463,000.00 2.85800% 189,463,000.00 451,237.71 0.00 0.00
AIO 0.00 6.00000% 26,016,000.00 130,080.00 0.00 0.00
M1 14,309,000.00 2.10000% 14,309,000.00 25,875.44 0.00 0.00
M2 13,008,000.00 2.78000% 13,008,000.00 31,139.71 0.00 0.00
M3 7,805,000.00 3.23000% 7,805,000.00 21,708.74 0.00 0.00
M4 3,252,000.00 3.53000% 3,252,000.00 9,885.18 0.00 0.00
B 1,951,000.00 5.88000% 1,951,000.00 9,878.56 0.00 0.00
CE 1,301,376.21 0.00000% 1,300,806.87 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
R5 0.00 0.00000% 0.00 0.00 0.00 0.00
P 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 260,161,376.21 733,929.43 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>
A1 0.00 0.00 54,124.09 0.00 21,012,510.08
A2 0.00 0.00 451,237.71 0.00 189,463,000.00
AIO 0.00 0.00 130,080.00 0.00 26,016,000.00
M1 0.00 0.00 25,875.44 0.00 14,309,000.00
M2 0.00 0.00 31,139.71 0.00 13,008,000.00
M3 0.00 0.00 21,708.74 0.00 7,805,000.00
M4 0.00 0.00 9,885.18 0.00 3,252,000.00
B 0.00 0.00 9,878.56 0.00 1,951,000.00
CE 0.00 0.00 1,051,906.60 0.00 1,300,806.87
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
R5 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 56,325.96 0.00 0.01
Totals 0.00 0.00 1,842,161.99 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>
A1 29,072,000.00 2.70500% 825.90423225 1.86172572 0.00000000 0.00000000
A2 189,463,000.00 2.85800% 1000.00000000 2.38166666 0.00000000 0.00000000
AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
M1 14,309,000.00 2.10000% 1000.00000000 1.80833322 0.00000000 0.00000000
M2 13,008,000.00 2.78000% 1000.00000000 2.39388915 0.00000000 0.00000000
M3 7,805,000.00 3.23000% 1000.00000000 2.78138885 0.00000000 0.00000000
M4 3,252,000.00 3.53000% 1000.00000000 3.03972325 0.00000000 0.00000000
B 1,951,000.00 5.88000% 1000.00000000 5.06333162 0.00000000 0.00000000
CE 1,301,376.21 0.00000% 999.56250929 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
R5 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1000.00 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>
A1 0.00000000 0.00000000 1.86172572 0.00000000 722.77483764
A2 0.00000000 0.00000000 2.38166666 0.00000000 1000.00000000
AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
M1 0.00000000 0.00000000 1.80833322 0.00000000 1000.00000000
M2 0.00000000 0.00000000 2.39388915 0.00000000 1000.00000000
M3 0.00000000 0.00000000 2.78138885 0.00000000 1000.00000000
M4 0.00000000 0.00000000 3.03972325 0.00000000 1000.00000000
B 0.00000000 0.00000000 5.06333162 0.00000000 1000.00000000
CE 0.00000000 0.00000000 808.30323462 0.00000000 999.56250929
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
R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 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 4,922,516.92
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 30,491.87
Realized Losses 0.00
Prepayment Penalties 0.00
Total Deposits 4,953,008.79
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 112,669.04
Payment of Interest and Principal 4,840,339.75
Total Withdrawals (Pool Distribution Amount) 4,953,008.79
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 106,291.60
Certificate Admin Fee 2,657.22
Credit Risk Management Fee 3,720.22
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 112,669.04
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
2,576,474.43 0.00 0.00 0.00 2,576,474.43
60 Days 11 0 0 0 11
928,631.01 0.00 0.00 0.00 928,631.01
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 32 0 0 0 32
3,505,105.44 0.00 0.00 0.00 3,505,105.44
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 1.059536% 0.000000% 0.000000% 0.000000% 1.059536%
1.021396% 0.000000% 0.000000% 0.000000% 1.021396%
60 Days 0.554995% 0.000000% 0.000000% 0.000000% 0.554995%
0.368139% 0.000000% 0.000000% 0.000000% 0.368139%
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 1.614531% 0.000000% 0.000000% 0.000000% 1.614531%
1.389535% 0.000000% 0.000000% 0.000000% 1.389535%
<fn>
(7) All Forclosures, Bankruptcies and REO's are reported as 90 Day.
</fn>
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 ARM Loans 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 16 0 0 0 16
2,201,562.57 0.00 0.00 0.00 2,201,562.57
60 Days 11 0 0 0 11
928,631.01 0.00 0.00 0.00 928,631.01
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 27 0 0 0 27
3,130,193.58 0.00 0.00 0.00 3,130,193.58
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.070950% 0.000000% 0.000000% 0.000000% 1.070950%
1.147335% 0.000000% 0.000000% 0.000000% 1.147335%
60 Days 0.736278% 0.000000% 0.000000% 0.000000% 0.736278%
0.483952% 0.000000% 0.000000% 0.000000% 0.483952%
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 1.807229% 0.000000% 0.000000% 0.000000% 1.807229%
1.631287% 0.000000% 0.000000% 0.000000% 1.631287%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Fixed Loan 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 5 0 0 0 5
374,911.86 0.00 0.00 0.00 374,911.86
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 5 0 0 0 5
374,911.86 0.00 0.00 0.00 374,911.86
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.024590% 0.000000% 0.000000% 0.000000% 1.024590%
0.621071% 0.000000% 0.000000% 0.000000% 0.621071%
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 1.024590% 0.000000% 0.000000% 0.000000% 1.024590%
0.621071% 0.000000% 0.000000% 0.000000% 0.621071%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 30,491.87
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 8.930657%
Weighted Average Net Coupon 8.430657%
Weighted Average Pass-Through Rate 8.400657%
Weighted Average Maturity(Stepdown Calculation ) 335
Beginning Scheduled Collateral Loan Count 2,005
Number Of Loans Paid In Full 23
Ending Scheduled Collateral Loan Count 1,982
Beginning Scheduled Collateral Balance 255,099,494.72
Ending Scheduled Collateral Balance 252,101,316.96
Ending Actual Collateral Balance at 30-Nov-2002 252,250,253.89
Monthly P &I Constant 2,067,780.28
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 252,101,316.96
Scheduled Principal 169,275.30
Unscheduled Principal 2,828,902.46
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 1,300,806.88
Overcollateralized Amount 1,300,806.88
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,051,906.60
Group Level Collateral Statement
Group Group 1 ARM Loans Group 2 Fixed Loan Total
Collateral Description 6 Month LIBOR ARM Mixed Fixed Mixed Fixed & Arm
Weighted Average Coupon Rate 9.180076 8.139012 8.930657
Weighted Average Net Rate 8.680076 7.639012 8.430657
Weighted Average Maturity 335 335 335
Beginning Loan Count 1,511 494 2,005
Loans Paid In Full 17 6 23
Ending Loan Count 1,494 488 1,982
Beginning Scheduled Balance 193,982,464.33 61,117,030.39 255,099,494.72
Ending scheduled Balance 191,782,052.94 60,319,264.02 252,101,316.96
Record Date 11/30/2002 11/30/2002 11/30/2002
Principal And Interest Constant 1,594,160.59 473,619.69 2,067,780.28
Scheduled Principal 110,182.47 59,092.83 169,275.30
Unscheduled Principal 2,090,228.92 738,673.54 2,828,902.46
Scheduled Interest 1,483,978.12 414,526.86 1,898,504.98
Servicing Fees 80,826.02 25,465.44 106,291.46
Master Servicing Fees 0.00 0.00 0.00
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 4,849.56 1,527.93 6,377.49
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 1,398,302.54 387,533.49 1,785,836.03
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 8.650076 7.609012 8.400657