8-K 1 csfb02ar33_8kapr03.txt APRIL 25, 2003 PDS 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) : April 25, 2003 CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (as depositor under a Pooling and Servicing Agreement, dated as of December 1, 2002, providing for, inter alia, the issuance of CSFB Mortgage-Backed Pass-Through Certificates, Series 2002-AR33) CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (Exact name of registrant as specified in its charter) Delaware 333-77054-36 13-3320910 State or Other Jurisdiction (Commission (IRS Employer of Incorporation ) File Number) Identification No.) 11 Madison Ave. New York, New York 10010 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code :(212)325-2000 N/A (Former name or former address, if changed since last report.) Item 5. Other Events. This report and exhibit is being filed, pursuant to the terms of the Pooling and Servicing Agreement, dated as of December 1, 2002 among Credit Suisse First Boston Mortgage Securities Corp., as depositor, DLJ Mortgage Capital, Inc., as seller, Chase Manhattan Mortgage Corporation, as master servicer, Washington Mutual Mortgage Securities Corp., as seller and servicer, Fairbanks Capital Corp., as servicer and special servicer, Bank One, National Association, as trustee, and JPMorgan Chase Bank, as trust administrator. On April 25, 2003 distribution was made to the Certificateholders. Specific information with respect to the distribution is filed as Exhibit 99.1. Item 7. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) The following exhibits are filed as part of this report: Statement to Certificateholders on April 25, 2003 is filed as Exhibit 99.1 hereto. -2- CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. CSFB MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 2002-AR33 --------------------------------------------------------------------- SIGNATURE 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. JPMORGAN CHASE BANK, not in its individual capacity but solely as Trust Administrator under the Agreement referred to herein Date: April 28, 2003 By: /s/ Mark Volosov --------------------------------------- Mark Volosov Assistant Vice President -3- INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on April 25, 2003 -4- Exhibit 99.1 Monthly Certificateholder Statement on April 25, 2003 -5- CSFB Mortgage-Backed Pass-Through Certificates, Series 2002-AR33 Statement to Certificate Holders April 25, 2003 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- IA1 96,796,000.00 83,080,011.35 3,939,663.39 358,012.64 4,297,676.03 0.00 0.00 79,140,347.96 IIA1 120,977,000.00 98,190,847.85 5,747,381.46 371,015.46 6,118,396.92 0.00 0.00 92,443,466.39 IIIA1 50,000,000.00 43,923,383.38 3,180,581.90 177,068.33 3,357,650.23 0.00 0.00 40,742,801.48 IIIA2 145,000,000.00 127,377,811.83 9,223,687.50 552,348.40 9,776,035.90 0.00 0.00 118,154,124.33 IIIA3 150,407,000.00 132,127,686.51 9,567,635.63 561,714.42 10,129,350.05 0.00 0.00 122,560,050.88 IIIA4 150,000,000.00 131,770,150.17 9,541,745.69 481,132.34 10,022,878.03 0.00 0.00 122,228,404.48 IVA1 45,198,000.00 43,613,946.57 815,990.56 193,764.76 1,009,755.32 0.00 0.00 42,797,956.01 VA1 156,573,000.00 140,536,592.43 8,475,951.30 218,436.81 8,694,388.11 0.00 0.00 132,060,641.13 AR 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VM1 3,670,000.00 3,670,000.00 0.00 7,442.45 7,442.45 0.00 0.00 3,670,000.00 VM2 2,854,060.00 2,854,060.00 0.00 8,122.58 8,122.58 0.00 0.00 2,854,060.00 CB1 11,742,000.00 11,711,536.03 10,132.87 50,867.96 61,000.83 0.00 0.00 11,701,403.16 CB2 4,696,000.00 4,683,816.48 4,052.46 20,343.72 24,396.18 0.00 0.00 4,679,764.02 CB3 3,130,000.00 3,121,879.38 2,701.06 13,559.59 16,260.65 0.00 0.00 3,119,178.32 CB4 1,566,000.00 1,561,937.10 1,351.39 6,784.13 8,135.52 0.00 0.00 1,560,585.71 CB5 1,565,000.00 1,560,939.69 1,350.53 6,779.80 8,130.33 0.00 0.00 1,559,589.16 CB6 1,565,591.00 1,561,529.16 1,351.04 6,782.36 8,133.40 0.00 0.00 1,560,178.12 VX 0.00 0.00 0.00 612,874.63 612,874.63 0.00 0.00 0.00 TOTALS 945,739,751.00 831,346,127.93 50,513,576.78 3,647,050.38 54,160,627.16 0.00 0.00 780,832,551.15 IIX 120,977,000.00 98,190,847.85 0.00 57,359.82 57,359.82 0.00 0.00 92,443,466.39 IIIX 350,407,000.00 307,821,220.09 0.00 114,890.04 114,890.04 0.00 0.00 285,531,256.87 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES --------------------------------------------------------------------------------------------------------- ---------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE --------------------------------------------------------------------------------------------------------- ---------------------- IA1 22541NXT1 858.30004701 40.70068381 3.69863052 44.39931433 817.59936320 IA1 5.171102 % IIA1 22541NXU8 811.64889070 47.50805079 3.06682642 50.57487721 764.14083991 IIA1 4.534216 % IIIA1 22541NXV6 878.46766760 63.61163800 3.54136660 67.15300460 814.85602960 IIIA1 4.837560 % IIIA2 22541NXW4 878.46766779 63.61163793 3.80929931 67.42093724 814.85602986 IIIA2 5.203560 % IIIA3 22541NXX2 878.46766779 63.61163796 3.73462951 67.34626746 814.85602984 IIIA3 5.101560 % IIIA4 22541NXY0 878.46766780 63.61163793 3.20754893 66.81918687 814.85602987 IIIA4 4.381560 % IVA1 22541NXZ7 964.95301938 18.05368733 4.28702066 22.34070800 946.89933205 IVA1 5.331270 % VA1 22541NYA1 897.57871683 54.13418214 1.39511161 55.52929375 843.44453469 VA1 1.805000 % AR 22541NYN3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 5.171102 % VM1 22541NYD5 1,000.00000000 0.00000000 2.02791553 2.02791553 1,000.00000000 VM1 2.355000 % VM2 22541NYE3 1,000.00000000 0.00000000 2.84597381 2.84597381 1,000.00000000 VM2 3.305000 % CB1 22541NYF0 997.40555527 0.86295946 4.33213763 5.19509709 996.54259581 CB1 5.212088 % CB2 22541NYG8 997.40555366 0.86295997 4.33213799 5.19509796 996.54259370 CB2 5.212088 % CB3 22541NYH6 997.40555272 0.86295847 4.33213738 5.19509585 996.54259425 CB3 5.212088 % CB4 22541NYJ2 997.40555556 0.86295658 4.33213921 5.19509579 996.54259898 CB4 5.212088 % CB5 22541NYK9 997.40555272 0.86295847 4.33214058 5.19509904 996.54259425 CB5 5.212088 % CB6 22541NYL7 997.40555484 0.86295846 4.33214039 5.19509885 996.54259637 CB6 5.212088 % TOTALS 879.04323261 53.41170943 3.85629384 57.26800328 825.63152318 IIX 22541NYB9 811.64889070 0.00000000 0.47413822 0.47413822 764.14083991 IIX 0.701000 % IIIX 22541NYC7 878.46766785 0.00000000 0.32787598 0.32787598 814.85602990 IIIX 0.447884 % --------------------------------------------------------------------------------------------------------- ------------------------ IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Jon Saraniti JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th Floor New York, New York 10004 Tel: (212) 623-4527 Fax: 212) 623-5930 Email: jon.c.saraniti@chase.com Copyright 2001 J.P. Morgan Chase & Co. All rights reserved. Section 4.04(a)(i) Scheduled Principal Payments (Total) 710,831.52 Group 1 57,845.29 Group 2 98,456.72 Group 3 415,638.73 Group 4 17,898.08 Group 5 120,992.70 Principal Prepayments (Total) 49,802,745.27 Group 1 3,883,892.82 Group 2 5,652,648.68 Group 3 31,112,578.77 Group 4 798,666.40 Group 5 8,354,958.60 Repurchase Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Substitution Amounts (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Net Liquidation Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Insurance Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Other Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Section 4.04(a)(v) Beginning Number of Loans Outstanding (Total) 2,161 Group 1 239 Group 2 251 Group 3 1,141 Group 4 110 Group 5 420 Beginning Aggregate Loan Balances (Total) 832,161,613.57 Group 1 86,170,666.46 Group 2 102,050,718.91 Group 3 451,005,291.70 Group 4 45,058,798.77 Group 5 147,876,137.73 Ending Number of Loans Outstanding (Total) 2,051 Group 1 230 Group 2 239 Group 3 1,072 Group 4 109 Group 5 401 Ending Aggregate Loan Balances (Total) 781,648,036.78 Group 1 82,228,928.35 Group 2 96,299,613.51 Group 3 419,477,074.20 Group 4 44,242,234.29 Group 5 139,400,186.43 Servicing Fees (Total, including PMI Fees) 238,948.32 Group 1 23,212.58 Group 2 29,902.92 Group 3 132,976.35 Group 4 12,334.61 Group 5 40,521.86 Trust Administrator Fees (Total) 646.40 Group 1 33.49 Group 2 102.71 Group 3 456.14 Group 4 40.39 Group 5 13.67 Section 4.04(a)(viii) Current Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Group 4 N/A Group 5 N/A Outstanding Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Group 4 N/A Group 5 N/A Section 4.04(a)(ix) Delinquent Mortgage Loans Group 1 Principal Category Number Balance Percentage 1 Month 1 575,860.39 0.70 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 1 575,860.39 0.70 % Group 2 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 3 Principal Category Number Balance Percentage 1 Month 6 3,627,409.19 0.86 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 6 3,627,409.19 0.86 % Group 4 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 1 368,000.00 0.83 % 3 Month 0 0.00 0.00 % Total 1 368,000.00 0.83 % Group 5 Principal Category Number Balance Percentage 1 Month 5 1,551,055.71 1.11 % 2 Month 4 1,686,887.17 1.21 % 3 Month 0 0.00 0.00 % Total 9 3,237,942.88 2.32 % Group Totals Principal Category Number Balance Percentage 1 Month 12 5,754,325.29 0.74 % 2 Month 5 2,054,887.17 0.26 % 3 Month 0 0.00 0.00 % Total 17 7,809,212.46 1.00 % * Delinquent Bankruptcies are included in the table above. Bankruptcies Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group 5 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % * Only Current Bankruptcies are reflected in the table above. Foreclosures Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group 5 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Section 4.04(a)(xi) REO Properties Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group 5 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Section 4.04(a)(xii) Current Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Cumulative Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Group 5 0.00 Section 4.04(a)(xiii) Weighted Average Term to Maturity (Deal) 351 Group 1 349 Group 2 352 Group 3 353 Group 4 351 Group 5 346 Group 5 Trigger Event Trigger Event Occurrence NO (Is Rolling 3 Month Delinquency Rate > the lessor of 5.25% and the Sr. Enhancement% x 50%?) Rolling 3 Month Delinquency Rate 0.40337 % The lessor of 5.25% and the Sr. Enhancement% x 50% 2.63255 % Group 5 O/C Reporting Targeted Overcollateralization Amount 815,485.30 Ending Overcollateralization Amount 815,485.30 Ending Overcollateralization Deficiency 0.00 Group I Monthly Excess Interest 1,436.18 Group II Monthly Excess Interest 1,700.85 Group III Monthly Excess Interest 7,516.75 Group IV Monthly Excess Interest 750.98 Overcollateralization Release Amount 0.00 Monthly Excess Interest 612,870.58 Payment to Class V-X 612,870.58 Amounts on Deposit in the Basis Risk Reserve Fund in excess of Required Amount to Class V-X 4.05 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

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): February 25, 2003 Credit Suisse First Boston Mortgage Securities Corp., CSFB Series 2002-AR33, Mortgage-Backed Pass-Through Certificates, Series 2002-AR33

CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
(Exact name of registrant as specified in its charter)
Delaware	333-61840	13-3320910
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
11 Madison Avenue New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (212) 325-2000

Item 5.

Other Events.

Credit Suisse First Boston Mortgage Securities Corp. (the “Company”) entered into a Pooling and Servicing Agreement dated as of December 1, 2002 (the “Agreement”) among the Company, in its capacity as depositor (in such capacity, the “Depositor”), DLJ Mortgage Capital, Inc. as a seller (in such capacity, a “Seller”), Chase Manhattan Mortgage Corporation in its capacity as master servicer (in such capacity, the “Master Servicer”), Washington Mutual Mortgage Securities Corp., in its capacity as a seller (in such capacity a “Seller”) and in its capacity as a servicer (in such capacity, a “Servicer”), Fairbanks Capital Corp., in its capacity as a servicer (in such capacity, a “Servicer”) and as special servicer (in such capacity, the “Special Servicer”), Bank One, National Association, as trustee (the “Trustee”) and JPMorgan Chase Bank, as trust administrator (the “Trust Administrator”). The Certificates were issued on December 27, 2002. The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

1.1

The Pooling and Servicing Agreement dated as of December 1, 2002, by and among the Company, the Sellers, the Servicers, the Special Servicer, the Master Servicer, the Trustee and the Trust Administrator.

SIGNATURES

Filings Made by the Registrant. The registrant has duly caused this form to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on February 25, 2003.

CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

By: /s/ John P. Graham

Name: John Graham

Title: Vice President

Exhibit Index

Exhibit

Page

99.1

Pooling and Servicing Agreement dated as of December 1, 2002,

by and among the Company, the Seller, the Servicers, the Master Servicer,

the Special Servicer, the Trustee and the Trust Administrator.

EXHIBIT 99.1

Filing Compare · CSFB MORTGAGE BACKED PASS THR CERTS SERIES 2002-AR33