-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SjNdnPnB4/6hf5A91EwIhUWrjQvmBU3we9a1dBU6zqmDgh9Im9eed5PTiWfjIg/6 ZqGjD/suMsbo12Q2y/XZdA== 0001071787-03-000116.txt : 20030106 0001071787-03-000116.hdr.sgml : 20030106 20030106135932 ACCESSION NUMBER: 0001071787-03-000116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021225 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSET BACKED CERTIFICATES SERIES 2002-S1 CENTRAL INDEX KEY: 0001172482 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-73712-06 FILM NUMBER: 03504611 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 cwa02s1_8k0212.txt 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 25, 2002 CWA (Depositor) (Issuer in respect of Asset-Backed Securities, Series 2002-S1) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWA Asset-Backed Securities Series 2002-S1 On December 25, 2002, The Bank of New York, as Trustee for CWA, Asset-Backed Securities Series 2002-S1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2002, among CWA as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWA, Asset-Backed Securities Series 2002-S1 relating to the distribution date of December 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 1, 2002. SIGNATURES 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 thereunto duly authorized. Dated: December 25, 2002 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated December 25, 2002 Payment Date: 12/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2002-S1 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 176,759,195.01 1.530000% 28,893,616.50 232,880.24 29,126,496.74 0.00 0.00 A2A 54,050,259.66 4.670000% 3,114,015.64 210,345.59 3,324,361.23 0.00 0.00 A2B 70,600,000.00 5.151000% 0.00 303,050.50 303,050.50 0.00 0.00 A3 49,900,000.00 5.877000% 0.00 244,385.25 244,385.25 0.00 0.00 A4 23,900,000.00 6.150000% 0.00 122,487.50 122,487.50 0.00 0.00 A5 56,200,000.00 5.960000% 0.00 279,126.67 279,126.67 0.00 0.00 AIO 466,059,454.67 3.505239% 0.00 1,361,377.21 1,361,377.21 0.00 0.00 Residual AR 0.00 5.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 28,350,000.00 6.180000% 0.00 146,002.50 146,002.50 0.00 0.00 M2 6,300,000.00 6.695000% 0.00 35,148.75 35,148.75 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 466,059,454.67 - 32,007,632.14 2,934,804.21 34,942,436.35 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 147,865,578.51 0.00 A2A 50,936,244.02 0.00 A2B 70,600,000.00 0.00 A3 49,900,000.00 0.00 A4 23,900,000.00 0.00 A5 56,200,000.00 0.00 AIO 434,051,822.53 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 28,350,000.00 0.00 M2 6,300,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 434,051,822.53 - - --------------------------------------------------------------------------------
Payment Date: 12/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2002-S1 ------------------------------------------------------------
Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior A1 176,759,195.01 1.530000% 126671PM2 88.971875 0.717106 455.321258 A2A 54,050,259.66 4.670000% 126671PS9 44.485938 3.004937 727.660629 A2B 70,600,000.00 5.151000% 126671PX8 0.000000 4.292500 1,000.000000 A3 49,900,000.00 5.877000% 126671PT7 0.000000 4.897500 1,000.000000 A4 23,900,000.00 6.150000% 126671PU4 0.000000 5.125000 1,000.000000 A5 56,200,000.00 5.960000% 126671PV2 0.000000 4.966667 1,000.000000 AIO 466,059,454.67 3.505239% 126671PW0 0.000000 2.160916 688.971038 Residual AR 0.00 5.000000% 126671PN0 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 28,350,000.00 6.180000% 126671PP5 0.000000 5.150000 1,000.000000 M2 6,300,000.00 6.695000% 126671PQ3 0.000000 5.579167 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 466,059,454.67 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2002-S1 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 434,051,822.53 434,051,822.53 Loan count 14062 14062 Avg loan rate 9.170346% 9.17 Prepay amount 31,212,295.93 31,212,295.93 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 164,539.80 164,539.80 Sub servicer fees 429,358.43 429,358.43 Trustee fees 3,495.45 3,495.45 Agg advances N/A N/A Adv this period 63,634.23 63,634.23 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 Fraud 12,600,002.00 12,600,002.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 92.565326% 100.000000% 431,409,454.67 ----------------------------------------------------------------------------- Junior 7.434674% 0.000000% 34,650,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 131 4,583,790.14 60 to 89 days 24 873,162.12 90 or more 24 1,187,011.29 Foreclosure 0 0.00 Totals: 179 6,643,963.55 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 34,942,436.35 34,942,436.35 Principal remittance amount 32,007,632.14 32,007,632.14 Interest remittance amount 2,934,804.21 2,934,804.21 -----END PRIVACY-ENHANCED MESSAGE-----