-----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, RXVO0iV7lqPIeIcq2AUYkpH0oET9gNObbfGJUv8hyfdB90WCmy87njdi2g2Fki6n O8buraelPEgnoXKMzCi9BQ== 0001056404-03-000132.txt : 20030114 0001056404-03-000132.hdr.sgml : 20030114 20030109142739 ACCESSION NUMBER: 0001056404-03-000132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021226 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABFC MORTGAGE LOAN ASSET BACKED CERTIFICATES SERIES 2002 WF2 CENTRAL INDEX KEY: 0001201861 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-32857-15 FILM NUMBER: 03509053 BUSINESS ADDRESS: STREET 1: 100 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 abf02wf2.txt DECEMBER 8K 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 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 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 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 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 (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.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 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 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 (2) All Classes are per $1000.00 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 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 (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.
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 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 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 (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.
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 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 (5) All Classes are per $1000.00 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 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 (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.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT 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 Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES 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 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% (7) All Forclosures, Bankruptcies and REO's are reported as 90 Day.
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 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
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