8-K 1 efc2-1271_5290679fm8k.txt CWABS 2002-BC3 ----------------------------------------------------------------------------- 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 3, 2002 CWABS, INC. ------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-97873 95-4596514 ----------------------------- -------------- ------------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 4500 Park Granada Calabasas, California 91302 ----------------------------- ------------ (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (818) 225-3237 ---- --------- ------------------------------------------------------------------------------ Item 5. Other Events. ---- ------------ Description of the Mortgage Pool* -------------------------------- CWABS, Inc. (the "Company") entered into a Pooling and Servicing Agreement dated as of August 1, 2002 (the "Pooling and Servicing Agreement"), by and among the Company, as depositor, Countrywide Home Loans, Inc., as seller, Countrywide Home Loans Servicing LP, as master servicer, The Bank of New York, as trustee, and BNY Western Trust Company, as co-trustee, providing for the issuance of the Company's Asset-Backed Certificates, Series 2002-BC3. ____________________________ * Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Prospectus dated July 17, 2002 and the Prospectus Supplement dated July 17, 2002 of CWABS, Inc., relating to its Asset-Backed Certificates, Series 2002-BC3. 2 Mortgage Loan Statistics ------------------------ For purposes of this Form 8-K, "Tables" shall mean computer generated tables and/or charts describing the characteristics of the Mortgage Loans as of the Cut-off Date. All percentages in the Tables were calculated based on the principal balance of the Mortgage Loans as of the Cut-off Date. The sum of the columns may not equal the respective totals due to rounding.

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 A 421,250,000.00 2.071000% 4,560,667.51 654,306.56 5,214,974.07 0.00 0.00 N 35,000,000.00 8.000000% 0.00 13,459.83 13,459.83 0.00 0.00 X 500,000,100.00 0.000000% 0.00 0.49 0.49 0.00 0.00 Residual AR 100.00 0.000000% 100.00 0.00 100.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 2.411000% 0.00 51,987.19 51,987.19 0.00 0.00 M2 27,500,000.00 2.961000% 0.00 61,070.63 61,070.63 0.00 0.00 B1 22,500,000.00 3.591000% 0.00 60,598.13 60,598.13 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 500,000,100.00 - 4,560,767.51 841,422.82 5,402,190.33 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A 416,689,332.49 0.00 N 35,000,000.00 219,873.50 X 497,991,914.59 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 0.00 M2 27,500,000.00 0.00 B1 22,500,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 495,439,332.49 219,873.50 --------------------------------------------------------------------------------

10 Item 7. Financial Statements, Pro Forma Financial ---- Information and Exhibits. ------------------------ (a) Not applicable. (b) Not applicable. 11 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 hereunto duly authorized. CWABS, INC. By: /s/ Celia Coulter ------------------- Name: Celia Coulter Title: Vice President Dated: December 3, 2002 12

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 A 421,250,000.00 2.071000% 126671RD0 10.826510 1.553250 989.173490 N 35,000,000.00 8.000000% 126671RL2 0.000000 0.384567 1,000.000000 X 500,000,100.00 0.000000% 126671RK4 0.000000 0.000001 995.983630 Residual AR 100.00 0.000000% 126671RH1 1,000.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 28,750,000.00 2.411000% 126671RE8 0.000000 1.808250 1,000.000000 M2 27,500,000.00 2.961000% 126671RF5 0.000000 2.220750 1,000.000000 B1 22,500,000.00 3.591000% 126671RG3 0.000000 2.693250 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 500,000,100.00 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

Filing Compare · CWABS INC ASSET BACK CERT SERIES 2002-BC3