8-K 1 mst02001.txt MARCH 8-K 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): March 25, 2002 MASTR ASSET SECURITIZATION TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A., 11000 Broken Land Parkway Columbia, MD 21043 (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 March 25, 2002 a distribution was made to holders of MASTR ASSET SECURITIZATION TRUST, Mortgage Pass-Through Certificates, Series 2002-1 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 Mortgage Pass-Through Certificates, Series 2002-1 Trust, relating to the March 25, 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. MASTR ASSET SECURITIZATION TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 4/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-1 Trust, relating to the March 25, 2002 distribution. EX-99.1

~~Certificate~~Mortgage ~~Distribution~~Asset ~~Detail~~Securitization ~~Class~~Transactions, ~~CUSIP~~Inc Mortgage Pass-Through ~~Original~~Certificates ~~Beginning~~Record ~~Principal~~Date: ~~Rate~~2/28/02 ~~Balance~~Distribution ~~Balance~~Date: ~~Distribution~~3/25/02 AMASTR Series: 2002-1 ~~361849TP7~~Contact: ~~5.785000%~~Customer ~~144,484,000.00~~Service ~~144,484,000.00~~- ~~836,145.80~~SecuritiesLink ~~A-2~~Wells ~~361849TQ5~~Fargo ~~6.278000%~~Bank ~~405~~Minnesota,~~810,000.00~~ ~~405,810,000~~N.~~00 0~~A.00 BSecurities ~~361849TR3~~Administration ~~6.453000%~~Services ~~29,290,000.00~~7485 29New Horizon Way Frederick,~~290,000.00~~ ~~0.00~~MD C21703 ~~361849TS1~~Telephone: ~~6.551000%~~(301) ~~9,763,000.00~~846-8130 ~~9,763,000.00~~Fax: ~~0.00~~(301) D815-6660 ~~361849TT9~~Certificateholder ~~6.659000%~~Distribution ~~15,977,000.00~~Summary ~~15,977,000.00~~Certificate ~~0.00~~Certificate EBeginning ~~361849TU6~~Class ~~6.787000%~~Pass-Through ~~8,875,000.00~~Certificate ~~8,875,000.00~~Interest ~~0.00~~Principal FClass ~~361849TV4~~CUSIP ~~6.944000%~~Description ~~12,426,000.00~~Rate ~~12,426,000.00~~Balance ~~0.00~~Distribution GDistribution ~~361849TW2~~A-1 55265KCN7 SEN 6.~~971000~~00000% 10301,~~651~~313,000.00 101,~~651~~506,~~000~~564.0096 01,367,141.0094 HA-X ~~361849TX0~~55265KCR8 7SEN 0.~~211000~~19924% ~~8,876,000~~0.00 845,~~876,000~~049.0056 0.00 JPO ~~361849TY8~~55265KCP2 6PO 0.~~089000~~00000% 141,~~201~~096,~~000~~260.0057 ~~14,201,000~~0.00 04,735.0017 KA-R ~~361849TZ5~~55265KCQ0 SEN 6.~~089000~~00000% ~~12,426,000~~100.00 ~~12,426,000~~0.0050 0100.00 LB-1 ~~361849UA8~~55265KCS6 SUB 6.~~089000~~00000% 52,~~326~~302,000.00 511,~~326,000~~510.00 07,876.0057 MB-2 ~~361849UB6~~55265KCT4 SUB 6.~~089000~~00000% 5767,~~325,~~000.00 53,~~325,000~~835.00 02,624.0038 NB-3 ~~361849UC4~~55265KCU1 SUB 6.~~089000~~00000% 7460,~~988,~~000.00 72,~~988,000~~300.00 01,573.0094 OB-4 ~~361849UD2~~55265KCV9 SUB 6.~~089000~~00000% 3306,~~551,~~000.00 31,~~551,000~~530.00 01,047.0002 PB-5 ~~361849UE0~~55265KCW7 SUB 6.~~089000~~00000% 15307,~~088,789~~000.00 151,~~088,789~~535.00 01,050.0044 RB-I6 ~~361849UH3~~55265KCX5 ~~0.000000%~~SUB 06.~~00 0.00 0.00 R-II 361849UJ9 0.000000~~00000% 0308,460.0092 01,542.0030 01,055.0044 ~~R-III~~Totals ~~361849UK6 0.000000% 0.00 0.00 0.00 710~~306,~~057~~859,~~789~~821.0049 ~~710~~1,~~057~~573,~~789~~867.0032 ~~836~~1,~~145~~387,204.8090

~~Class~~Certificateholder ~~CUSIP~~Distribution ~~Interest~~Summary ~~Prepayment~~(continued) Current Ending Cumulative Realized ~~Loss/~~Certificate Total ~~Distribution~~Realized ~~Penalties~~Class ~~Additional~~Loss ~~Trust~~Balance Distribution ~~Fund~~Losses ~~Expenses~~ A-1 ~~361849TP7 696,533.28~~ 0.00 ~~0.00 1~~299,~~532~~945,~~679~~858.0806 A-2 ~~361849TQ5 2~~,~~123~~873,~~062~~706.6590 0.00 ~~0.00~~A-X ~~2,123,062.65 B 361849TR3 157,506.98~~ 0.00 0.00 ~~157~~45,~~506~~049.9856 ~~C 361849TS1 53,297.84~~ 0.00 PO 0.00 531,~~297~~091,525.8440 ~~D 361849TT9 88~~4,~~659~~735.0417 0.00 ~~0.00~~A-R ~~88,659.04 E 361849TU6 50,195.52~~ 0.00 0.00 ~~50,195~~100.5250 ~~F 361849TV4 71,905.12~~ 0.00 B-1 0.00 712,~~905.12 G 361849TW2 61~~294,~~873~~123.43 019,386.0057 0.00 ~~61,873.43~~B-2 ~~H 361849TX0 53,337.36~~ 0.00 ~~0.00 53~~764,~~337~~375.3662 ~~J 361849TY8 72~~6,~~058~~459.2438 0.00 B-3 0.00 72458,~~058~~426.2406 ~~K 361849TZ5 63~~3,~~051~~873.6094 0.00 B-4 0.00 63304,~~051~~952.6098 ~~L 361849UA8 27~~2,~~025~~577.0102 0.00 ~~0.00~~B-5 ~~27,025.01 M 361849UB6 27,019.94~~ 0.00 ~~0.00 27~~305,~~019~~949.9456 ~~N 361849UC4 40~~2,~~532~~585.44 0.00 B-6 0.00 40307,~~532~~405.4448 ~~O 361849UD2 18~~2,~~018~~597.3774 0.00 Totals 0.00 18305,~~018~~472,616.3759 ~~P 361849UE0 76~~2,~~563~~961,072.0322 0.00 ~~0.04~~All ~~76,563.03~~distributions ~~R-I~~required ~~361849UH3~~by ~~0.00~~the ~~0.00~~Pooling ~~0.00~~and ~~0.00~~Servicing ~~R-II~~Agreement ~~361849UJ9~~have ~~0.00~~been ~~0.00~~calculated ~~0.00~~by ~~0.00~~the ~~R-III~~Certificate ~~361849UK6~~Administrator ~~0.00~~on ~~0.00~~behalf ~~0.00~~of ~~0.00~~the ~~3,680,639~~Trustee.~~85 0.00 0.04 4,516,785.65~~

~~Current~~Principal ~~Subordination~~Distribution ~~Class~~Statement ~~CUSIP~~Original ~~Ending~~Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance ~~Level~~Distribution Distribution Accretion Loss (1) A-1 ~~361849TP7 143~~301,~~647~~313,~~854~~000.2000 ~~22.53% A-2 361849TQ5 405~~301,~~810~~313,000.00 221,030,879.~~53%~~71 B336,262.23 ~~361849TR3~~0.00 ~~29,290,000~~0.00 18A-X 0.~~40%~~00 C0.00 ~~361849TS1~~0.00 ~~9,763,000~~0.00 170.~~02%~~00 D0.00 ~~361849TT9~~PO 151,~~977~~096,~~000~~260.0057 141,096,260.~~77%~~57 E3,843.74 ~~361849TU6~~891.43 ~~8,875,000~~0.00 130.~~52%~~00 FA-R ~~361849TV4~~100.00 ~~12,426,000~~100.00 1175.~~76%~~40 G24.60 ~~361849TW2~~0.00 100.00 B-1 2,~~651~~302,000.00 102,302,000.~~26%~~00 ~~H 361849TX0 8~~7,876~~,000~~.57 0.00 90.~~01%~~00 J0.00 ~~361849TY8~~B-2 14767,~~201~~000.00 767,000.00 72,624.~~01%~~38 K0.00 ~~361849TZ5 12,426,000~~0.00 50.~~26%~~00 LB-3 ~~361849UA8~~460,000.00 5460,~~326,~~000.00 41,573.~~51%~~94 M0.00 ~~361849UB6 5,325,000~~0.00 30.~~75%~~00 NB-4 ~~361849UC4~~306,000.00 7306,~~988,~~000.00 21,047.~~63%~~02 O0.00 ~~361849UD2~~0.00 30.00 B-5 307,~~551,~~000.00 2307,000.~~13%~~00 ~~P 361849UE0 15~~1,~~088,788~~050.9644 0.00% ~~R-I 361849UH3~~ 0.00 0.00% RB-II6 ~~361849UJ9~~308,460.92 308,460.92 1,055.44 0.00 0.00% ~~R-III~~0.00 ~~361849UK6~~Totals 306,859,821.49 306,859,821.49 1,050,026.64 337,178.26 0.00 0.00% ~~709~~(1) Amount Does Not Include Excess Special Hazard,~~221~~ Bankruptcy,~~643~~ or Fraud Losses Unless Otherwise Disclosed.16 Please Refer to the Prospectus Supplement for a Full Description.

~~Original~~Principal ~~Beginning~~Distribution ~~Pass-Through~~Statement ~~Notional~~(continued) ~~Notional~~Total Ending Ending Total Principal Certificate Certificate Principal Class ~~CUSIP~~Reduction ~~Rate~~Balance ~~Amount~~Percentage ~~Amount~~Distribution XA-1 ~~361849UF7~~1,367,141.94 299,945,858.06 0.~~538265%~~99546272 ~~710~~1,~~057~~367,~~789~~141.94 A-X 0.00 ~~710~~0.00 0.00000000 0.00 PO 4,~~057~~735.17 1,~~789~~091,525.40 0.99568062 4,735.17 A-R 100.00 X0.00 0.00000000 100.00 B-1 7,876.57 2,294,123.43 ~~361849UG5~~0.99657838 7,876.57 B-2 2,624.38 764,375.62 0.~~891418%~~99657838 ~~416~~2,~~382~~624.38 B-3 1,~~000~~573.0094 ~~416~~458,~~382~~426.06 0.99657839 1,~~000~~573.0094 B-4 1,047.02 304,952.98 0.99657837 1,047.02 B-5 1,050.44 305,949.56 0.99657837 1,050.44 B-6 1,055.44 307,405.48 0.99657837 1,055.44 Totals 1,387,204.90 305,472,616.59 0.99547935 1,387,204.90

~~Ending~~Principal ~~Interest~~Distribution ~~Prepayment~~Factors ~~Total~~Statement ~~Notional~~Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class ~~CUSIP~~(2) ~~Distribution~~Amount ~~Penalties~~Balance Distribution ~~Amount~~Distribution XAccretion A-1 ~~361849UF7 318~~301,~~375~~313,000.1800 01000.0000000000 ~~318,375~~3.1842129185 ~~709,221,643~~1.1611598978 X0.00000000 A-2X ~~361849UG5~~0.00 ~~309,308~~0.7000000000 0.0000000000 ~~309,308~~0.7000000000 ~~416~~0.00000000 PO 1,~~382~~096,~~000~~260.0057 ~~(1)~~1000.00000000 ~~Calculated~~3.50622845 by0.81315522 ~~taking~~0.00000000 (A)-R ~~the~~100.00 ~~sum~~1000.00000000 of754.00000000 ~~the~~246.00000000 ~~ending~~0.00000000 ~~certificate~~B-1 ~~balance~~2,302,000.00 of1000.00000000 ~~all~~3.42162033 ~~classes~~0.00000000 ~~less~~0.00000000 (B)-2 ~~the~~767,000.00 ~~sum~~1000.00000000 of3.42161669 ~~(i)~~0.00000000 ~~the~~0.00000000 ~~ending~~B-3 ~~certificate~~460,000.00 ~~balance~~1000.00000000 of3.42160870 ~~the~~0.00000000 ~~designated~~0.00000000 ~~class~~B-4 ~~and~~306,000.00 ~~(ii)~~1000.00000000 ~~the~~3.42163399 ~~ending~~0.00000000 ~~certificate~~0.00000000 ~~balance~~B-5 of307,000.00 ~~all~~1000.00000000 ~~classes~~3.42162866 ~~which~~0.00000000 ~~are~~0.00000000 ~~not~~B-6 ~~subordinate~~308,460.92 to1000.00000000 ~~the~~3.42163280 ~~designated~~0.00000000 ~~class and dividing the result by (A)~~0.00000000

~~Certificate~~Principal ~~Factor~~Distribution ~~Detail~~Factors ~~Beginning~~Statement (continued) Total Ending Ending Total Realized Principal ~~Interest~~Certificate Certificate Principal Class ~~CUSIP~~Loss (3) Reduction Balance ~~Distribution~~Percentage Distribution A-1 ~~361849TP7 1,000~~0.00000000 54.~~78711691~~53728163 995.46271837 0.99546272 4.~~82083331~~53728163 A-2X ~~361849TQ5~~0.00000000 ~~1,000~~0.00000000 0.00000000 50.~~23166667~~00000000 ~~B 361849TR3 1,000~~0.00000000 PO 0.00000000 54.~~37750017~~31938367 ~~C 361849TS1 1,000~~995.~~00000000~~68061633 0.~~00000000~~99568062 54.~~45916624~~31938367 DA-R ~~361849TT9~~0.00000000 1,000.00000000 0.00000000 50.~~54916693~~00000000 ~~E 361849TU6~~ 1,000.00000000 B-1 0.00000000 53.~~65583324~~42162033 F996.57837967 ~~361849TV4~~0.99657838 ~~1,000~~3.~~00000000~~42162033 B-2 0.00000000 53.~~78666667~~42161669 ~~G 361849TW2 1,000~~996.~~00000000~~57838331 0.~~00000000~~99657838 53.~~80916628~~42161669 HB-3 ~~361849TX0 1,000~~0.00000000 03.~~00000000~~42160870 6996.~~00916629~~57839130 J0.99657839 ~~361849TY8 1,000~~3.~~00000000~~42160870 B-4 0.00000000 53.~~07416661~~42163399 ~~K 361849TZ5 1,000~~996.~~00000000~~57836601 0.~~00000000~~99657837 53.~~07416707~~42163399 LB-5 ~~361849UA8 1,000~~0.00000000 03.~~00000000~~42162866 5996.~~07416635~~57837134 M0.99657837 ~~361849UB6 1,000~~3.~~00000000~~42162866 B-6 0.00000000 53.~~07416714~~42163280 ~~N 361849UC4 1,000~~996.~~00000000~~57836720 0.~~00000000~~99657837 53.~~07416625~~42163280 O(3) ~~361849UD2~~Amount ~~1,000.00000000~~Does ~~0.00000000~~Not ~~5.07416784~~Include PExcess ~~361849UE0~~Special 1Hazard,~~000.00000000~~ ~~0.00000000~~Bankrupcy, ~~5.07416665~~or ~~R-I~~Fraud ~~361849UH3~~Losses ~~0.00000000~~Unless ~~0.00000000~~Otherwise 0Disclosed.~~00000000~~ ~~R-II~~Please ~~361849UJ9~~Refer ~~0.00000000~~to ~~0.00000000~~the ~~0.00000000~~Prospectus ~~R-III~~Supplement ~~361849UK6~~for ~~0.00000000~~a ~~0.00000000~~Full 0Description.~~00000000~~

~~Prepayment~~Interest ~~Realized~~Distribution ~~Loss~~Statement Beginning Payment of Original Current Certificate/ ~~Ending~~Current ~~Class~~Unpaid ~~CUSIP~~Current ~~Penalties~~Face ~~Additional~~Certificate ~~Trust~~Notional Accrued Interest Interest Class Amount Rate Balance ~~Fund~~Interest ~~Expenses~~Shortfall Shortfall A-1 ~~361849TP7~~301,313,000.00 06.~~00000000~~00000% 301,313,000.00 1,506,565.00 0.~~00000000~~00 ~~994~~0.~~21288309~~00 A-2X ~~361849TQ5~~ 0.~~00000000~~00 0.~~00000000~~19924% 1271,~~000~~325,469.~~00000000~~48 B45,049.56 ~~361849TR3~~ 0.~~00000000~~00 0.~~00000000~~00 PO 1,~~000~~096,260.~~00000000~~57 ~~C 361849TS1~~ 0.~~00000000~~00000% ~~0.00000000~~ 1,~~000~~096,260.~~00000000~~57 ~~D 361849TT9~~ 0.~~00000000~~00 0.~~00000000~~00 ~~1,000~~0.~~00000000~~00 EA-R ~~361849TU6~~100.00 06.~~00000000~~00000% 0100.~~00000000~~00 ~~1,000~~0.~~00000000~~50 ~~F 361849TV4~~ 0.~~00000000~~00 0.~~00000000~~00 B-1 2,302,000.~~00000000~~00 ~~G 361849TW2 0~~6.~~00000000~~00000% 02,302,000.~~00000000~~00 111,~~000~~510.~~00000000~~00 ~~H 361849TX0~~ 0.~~00000000~~00 0.~~00000000~~00 1B-2 767,000.~~00000000~~00 ~~J 361849TY8 0~~6.~~00000000~~00000% 0767,000.~~00000000~~00 13,~~000~~835.~~00000000~~00 ~~K 361849TZ5~~ 0.~~00000000~~00 0.~~00000000~~00 1B-3 460,000.~~00000000~~00 L6.00000% ~~361849UA8~~460,000.00 2,300.00 0.~~00000000~~00 0.~~00000000~~00 1B-4 306,000.~~00000000~~00 ~~M 361849UB6 0~~6.~~00000000~~00000% 0306,000.~~00000000~~00 1,~~000~~530.~~00000000~~00 ~~N 361849UC4~~ 0.~~00000000~~00 0.~~00000000~~00 1B-5 307,000.~~00000000~~00 ~~O 361849UD2 0~~6.~~00000000~~00000% 0307,000.~~00000000~~00 1,~~000~~535.~~00000000~~00 ~~P 361849UE0~~ 0.~~00000000~~00 0.~~00000265~~00 ~~999.99999735 R~~B-I6 ~~361849UH3 0~~308,460.~~00000000~~92 06.~~00000000~~00000% 0308,460.~~00000000~~92 ~~R-II 361849UJ9 0~~1,542.~~00000000~~30 0.~~00000000~~00 0.~~00000000~~00 ~~R-III~~Totals ~~361849UK6~~306,859,821.49 01,573,867.~~00000000~~36 0.~~00000000~~00 0.~~00000000~~00

~~Beginnning~~Interest Distribution Statement (continued) Remaining Ending ~~Notional~~Non-Supported Total Unpaid Certificate/ Interest ~~Prepayment~~Realized Interest Interest Notional Class ~~CUSIP~~Shortfall ~~Amount~~Losses (4) Distribution ~~Penalties~~Shortfall ~~Amount~~Balance XA-1 ~~361849UF7~~0.04 0.00 1,~~000~~506,564.~~00000000~~96 0.~~44837925~~00 299,945,858.06 A-X 0.~~00000000~~00 ~~998~~0.~~82242565~~00 X45,049.56 0.00 270,101,866.28 PO 0.00 0.00 0.00 0.00 1,091,525.40 A-R 0.00 0.00 0.50 0.00 0.00 B-1 0.00 0.00 11,510.00 0.00 2,294,123.43 ~~361849UG5~~B-2 0.00 0.00 3,835.00 0.00 764,375.62 B-3 0.00 0.00 2,300.00 0.00 458,426.06 B-4 0.00 0.00 1,~~000~~530.~~00000000~~00 0.~~74284839~~00 304,952.98 B-5 0.~~00000000~~00 0.00 1,~~000~~535.~~0000000~~00 0.00 305,949.56 B-6 0.00 0.00 1,542.30 0.00 307,405.48 Totals 0.04 0.00 1,573,867.32 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.

~~Reconciliation~~Interest ~~Detail~~Distribution ~~Advance~~Factors ~~Summary~~Statement PBeginning &Payment Iof ~~Advances~~Original ~~Outstanding~~Current ~~445~~Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 301,~~099~~313,000.8900 ~~Servicing~~6.00000% ~~Advances~~1000.00000000 ~~Outstanding~~5.00000000 0.00000000 0.00000000 A-X 0.00 ~~Reimbursement~~0.19924% ~~for~~1000.00000000 ~~Interest~~0.16603513 on0.00000000 P0.00000000 &PO I1,096,260.57 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 ~~Advances~~6.00000% ~~paid~~1000.00000000 ~~from~~5.00000000 ~~general~~0.00000000 ~~collections~~0.00000000 ~~Reimbursement~~B-1 ~~for~~2,302,000.00 ~~Interest~~6.00000% on1000.00000000 ~~Servicing~~5.00000000 0.00000000 0.00000000 B-2 767,000.00 ~~Advances~~6.00000% ~~paid~~1000.00000000 ~~from~~5.00000000 ~~general~~0.00000000 ~~collections~~0.00000000 B-3 460,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 B-4 306,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 B-5 307,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 B-6 308,460.92 6.00000% 1000.00000000 4.99998509 0.00000000 0.00000000 (5) Per $1 denomination.

~~Servicing~~Interest ~~Fee~~Distribution ~~Summary~~Factors ~~Current~~Statement ~~Period~~(continued) ~~Accrued~~Remaining ~~Servicing~~Ending ~~Fees~~Non-Supported ~~46,024~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.2300000013 ~~Less~~0.00000000 ~~Servicing~~4.99999987 ~~Fees~~0.00000000 on995.46271837 ~~Delinquent~~A-X ~~Payments~~0.00000000 0.00000000 0.16603513 0.00000000 995.49027519 PO 0.00000000 0.00000000 0.00000000 0.00000000 995.68061633 A-R 0.00000000 0.00000000 5.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 5.00000000 0.00000000 996.57837967 B-2 0.00000000 0.00000000 5.00000000 0.00000000 996.57838331 B-3~~,860~~ 0.6500000000 ~~Less~~0.00000000 ~~Reductions~~5.00000000 to0.00000000 ~~Servicing~~996.57839130 ~~Fees~~B-4 0.0000000000 ~~Plus~~0.00000000 ~~Servicing~~5.00000000 ~~Fees~~0.00000000 ~~for~~996.57836601 ~~Delinquent~~B-5 ~~Payments~~0.00000000 ~~Received~~0.00000000 5.00000000 0.0000000000 ~~Plus~~996.57837134 ~~Additional~~B-6 ~~Servicing~~0.00000000 ~~Fees~~0.00000000 4.99998509 0.0000000000 ~~Total~~996.57836720 ~~Servicing~~(6) ~~Fees~~Amount ~~Collected~~Does 42Not Include Excess Special Hazard,~~163~~ Bankrupcy,or Fraud Losses Unless Otherwise Disclosed.58 Please Refer to the Prospectus Supplement for a Full Description.

~~Certificate~~CERTIFICATEHOLDER ~~Interest~~ACCOUNT ~~Reconciliation~~STATEMENT ~~Class~~CERTIFICATE ~~Accrued~~ACCOUNT ~~Net~~Beginning ~~Aggregate~~Balance ~~Distributable Distributable Certificate Prepayment Certificate Certificate Interest Interest Shortfall Interest Interest Adjustment A-1 696,533.28~~ 0.00 ~~696,533.28~~Deposits ~~0.00~~Payments ~~A-2~~of ~~2,123,062.65~~Interest ~~0.00~~and 2Principal 3,~~123~~017,~~062~~395.6545 ~~0.00 X-1 318~~Liquidations,~~375.18~~ ~~0.00~~Insurance ~~318~~Proceeds,~~375.18~~ ~~0.00~~Reserve ~~X-2~~Funds ~~309,308.70~~ 0.00 ~~309,308.70~~Proceeds ~~0.00~~from BRepurchased ~~157,506.98~~Loans 0.00 ~~157,506.98~~Other ~~0.00~~Amounts C(Servicer ~~53,297.84~~Advances) ~~0.00 53~~8,~~297~~801.8499 ~~0.00~~Realized DLosses ~~88,659.04~~ 0.00 ~~88,659.04~~Prepayment ~~0.00~~Penalties ~~E 50,195.52~~ 0.00 ~~50,195.52~~Total ~~0.00~~Deposits ~~F 71~~3,~~905.12 0.00 71~~026,~~905~~197.1244 ~~0.00~~Withdrawals GReimbursement ~~61,873.43~~for ~~0.00~~Servicer ~~61,873.43~~Advances 0.00 HPayment ~~53,337.36~~of ~~0.00~~Service ~~53,337.36~~Fee ~~0.00 J 72~~65,~~058~~125.2422 ~~0.00~~Payment ~~72,058.24~~of ~~0.00~~Interest Kand ~~63,051.60~~Principal ~~0.00 63~~2,~~051.60 0.00 L 27~~961,~~025~~072.0122 ~~0.00~~Total ~~27,025.01~~Withdrawals ~~0.00~~(Pool MDistribution ~~27,019.94~~Amount) ~~0.00 27~~3,~~019.94 0.00 N 40~~026,~~532~~197.44 ~~0.00~~Ending ~~40,532.44~~Balance 0.00 ~~O 18,018.37 0.00 18,018.37 0.00 P 76,563.03 0.00 76,563.03 0.00 Total 4,308,323.73 0.00 4,308,323.73 0.00~~

~~Additional~~PREPAYMENT/CURTAILMENT ~~Total~~INTEREST ~~Unpaid~~SHORTFALL ~~Trust~~Total ~~Fund~~Prepayment/Curtailment Interest ~~Interest~~Shortfall ~~Distributable Class Expenses Distribution Distribution Certificate Int. A-1~~ 0.00 ~~696,533.28~~Servicing ~~696,533.28~~Fee ~~0.00~~Support ~~A-2~~ 0.00 ~~2,123,062.65 2,123,062.65 0.00 X~~Non-1Supported ~~0.00~~Prepayment/Curtailment ~~318,375.18~~Interest ~~318,375.18~~Shortfall 0.00 X-2 0.00 309,308.70 309,308.70 0.00 B 0.00 157,506.98 157,506.98 0.00 C 0.00 53,297.84 53,297.84 0.00 D 0.00 88,659.04 88,659.04 0.00 E 0.00 50,195.52 50,195.52 0.00 F 0.00 71,905.12 71,905.12 0.00 G 0.00 61,873.43 61,873.43 0.00 H 0.00 53,337.36 53,337.36 0.00 J 0.00 72,058.24 72,058.24 0.00 K 0.00 63,051.60 63,051.60 0.00 L 0.00 27,025.01 27,025.01 0.00 M 0.00 27,019.94 27,019.94 0.00 N 0.00 40,532.44 40,532.44 0.00 O 0.00 18,018.37 18,018.37 0.00 P 0.00 76,563.03 76,563.03 0.00 Total 0.00 4,308,323.73 4,308,323.73 0.00

~~Other~~SERVICING ~~Required~~FEES ~~Information~~Gross Available Distribution Amount(1) 5,144,469.53 Aggregate Number of Outstanding Loans 108 Aggregate Stated Principal Balance of Loans before Distributions 710,057,788.96 Aggregate Stated Principal Balance of Loans after Distributions 709,221,643.16 Percentage of Cut-off Date Principal Balance after Distributions 99.88% Aggregate Amount of Servicing Fee 4265,~~163~~125.5822 ~~Aggregate~~Supported ~~Amount~~Prepayment/Curtailment ofInterest ~~Special~~Shortfall ~~Servicing Fee~~ 0.00 ~~Aggregate~~Net ~~Amount~~Servicing ~~of Trustee~~ Fee 165,~~893~~125.49 Aggregate Additional Trust Fund Expenses 0.00 Specially Serviced Loans not Delinquent Number of Outstanding Loans 0 Aggregate Unpaid Principal Balance 0.00 Aggregate Balance of Loans Subject to, or Intended for, Bankruptcy 0.00 Proceedings Interest Reserve Account Deposits 0.00 Withdrawals 286,091.5422

~~Appraisal~~LOAN ~~Reduction~~STATUS ~~Amount~~STRATIFICATION/CREDIT ~~Appraisal~~ENHANCEMENT ~~Cumulative~~STATEMENT ~~Date~~DELINQUENCY ~~Appraisal~~STATUS ~~Loan~~DELINQUENT ~~Reduction~~BANKRUPTCY ~~ASER~~FORECLOSURE ~~Reduction~~REO ~~Number~~Total ~~Amount~~No ~~Amount~~of ~~Effected~~Loans ~~None~~No ~~Total~~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 2 0 0 0 2 1,013,366.70 0.00 0.00 0.00 1,013,366.70 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 2 0 0 0 2 1,013,366.70 0.00 0.00 0.00 1,013,366.70 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 0.281294% 0.000000% 0.000000% 0.000000% 0.281294% 0.330847% 0.000000% 0.000000% 0.000000% 0.330847% 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 0.281294% 0.000000% 0.000000% 0.000000% 0.281294% 0.330847% 0.000000% 0.000000% 0.000000% 0.330847%

~~Ratings~~OTHER ~~Detail~~INFORMATION ~~Original~~Current ~~Ratings~~Period Class ~~Cusip Fitch Moody's S&P~~ A-1 ~~361849TP7~~Insufficient XFunds ~~Aaa~~0.00 ~~AAA~~Principal ~~A-2~~Balance ~~361849TQ5~~of XContaminated ~~Aaa~~Properties ~~AAA~~0.00 ~~X-1~~Periodic ~~361849UF7~~Advance X Aaa AAA X-2 361849UG5 X Aaa AAA B 361849TR3 X Aa2 AA C 361849TS1 X Aa3 AA- D 361849TT9 X A2 A E 361849TU6 X A3 A- F 361849TV4 X Baa1 BBB+ G 361849TW2 X Baa2 BBB H 361849TX0 X Baa3 BBB- J 361849TY8 X Ba1 BB+ K 361849TZ5 X Ba2 BB L 361849UA8 X Ba3 BB- M 361849UB6 X B1 B+ N 361849UC4 X B2 B O 361849UD2 X B3 B- P 361849UE0 X NR NR8,801.99

~~Current~~CREDIT ~~Ratings(1)~~ENHANCEMENT ~~Class~~Original ~~Cusip~~$ ~~Fitch~~Original ~~Moody's~~% ~~S&P~~Current ~~A-1~~$ ~~361849TP7~~Current X% ~~Aaa~~Bankruptcy ~~AAA~~100,000.00 A-2 361849TQ5 X Aaa AAA X-1 361849UF7 X Aaa AAA X-2 361849UG5 X Aaa AAA B 361849TR3 X Aa2 AA C 361849TS1 X Aa3 AA- D 361849TT9 X A2 A E 361849TU6 X A3 A- F 361849TV4 X Baa1 BBB+ G 361849TW2 X Baa2 BBB H 361849TX0 X Baa3 BBB- J 361849TY8 X Ba1 BB+ K 361849TZ5 X Ba2 BB L 361849UA8 X Ba3 BB- M 361849UB6 X B1 B+ N 361849UC4 X B2 B O 361849UD2 X B3 B- P 361849UE0 X NR NR NR - Designates that the class was not rated by the above agency at the time of original issuance0.03258817% ~~X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance~~100,000.00 ~~N/A - Data not available this period~~0.03273616% 1)Fraud ~~For any class not rated at the time of original issuance by any particular rating agency~~3, ~~no request has been made subsequent to issuance to obtain rating information~~068,280.00 if0.99989630% ~~any~~3, ~~from such rating agency~~068,280.00 ~~The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above~~1.00443700% ~~The~~Special ~~ratings~~Hazard ~~may have changed since they were obtained. Because the ratings may have changed~~3, ~~you may want to obtain current ratings directly from the rating agencies~~068,598.00 ~~Fitch, Inc~~0.99999993% ~~One State Street Plaza New York~~3, ~~New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York~~068,598.00 ~~New~~1.00454111% ~~York~~Limit ~~10007~~of ~~(212) 553-0300 Standard & Poor~~Subordinate's ~~Rating~~Exposure ~~Services~~to 55Certain ~~Water~~Types ~~Street~~of ~~New York, New York 10041 (212) 438-2000~~Losses

~~Current~~COLLATERAL ~~Mortgage~~STATEMENT ~~Loan~~Collateral ~~and~~Description ~~Property~~Fixed ~~Stratification~~15 ~~Tables~~Year ~~Scheduled~~Weighted ~~Balance~~Average %Gross ofCoupon ~~Scheduled~~6.409412% #Weighted ofAverage ~~Scheduled~~Pass-Through ~~Agg~~Rate ~~WAM~~6.154735% Weighted ~~Balance~~Average ~~Loans~~Maturity(Stepdown ~~Balance~~Calculation ~~Bal. (2~~) ~~WAC~~176 ~~Avg~~Beginning ~~DSCR(1)~~Scheduled ~~1,999,999~~Collateral orLoan ~~Less~~Count 11711 ~~18,617,690.64~~Number ~~2.63~~Of ~~110~~Loans ~~7.3640~~Paid ~~1.430586~~In ~~2,000,000.00~~Full to0 ~~2,999,999.99~~Ending 20Scheduled ~~51,010,185.66~~Collateral ~~7.19~~Loan ~~122~~Count ~~7.4188~~711 ~~1.289285~~Beginning ~~3,000,000.00~~Scheduled toCollateral ~~3,999,999.99~~Balance ~~16 56~~306,~~352~~859,~~467~~821.1249 ~~7.95~~Ending ~~120~~Scheduled ~~7.2874~~Collateral ~~1.316901~~Balance 4305,~~000~~472,~~000~~616.0060 toEnding ~~4,999,999.99~~Actual 12Collateral ~~54,541,647.97~~Balance ~~7.69~~at ~~114~~28-Feb-2002 ~~7.2898 1.376004 5~~306,~~000~~294,~~000~~641.0005 toMonthly ~~5,999,999.99~~P 2&I 11Constant 2,~~383~~689,~~546~~019.9818 ~~1.61~~Special ~~114~~Servicing ~~8.0669~~Fee 10.~~357115 6,000,000.~~00 toPrepayment ~~6,999,999.99~~Penalties ~~8 51,597,296~~0.9000 ~~7.28~~Realized ~~102~~Loss ~~7.3137~~Amount 10.~~393535 7,000,000.~~00 toCumulative ~~7,999,999.99~~Realized 18Loss ~~157,730,702~~0.0300 ~~22.24~~Class ~~106~~A ~~7.3382~~Optimal ~~1.400021~~Amount 102,~~000~~873,~~000~~807.0044 toClass ~~14,999,999.99~~AP 14Deferred ~~162,742,352.67~~Amount 220.~~95 113 7.3209 1.379965 15,000,000.~~00 toEnding ~~19,999,999.99~~Scheduled 4Balance ~~68,308,306.49~~for ~~9.63~~Premium ~~112~~Loans ~~7.4730 1.279189 20~~270,~~000~~101,~~000~~866.0028 toEnding ~~29,999,999.99~~scheduled 2Balance ~~43,556,021.97~~For ~~6.14~~discounted ~~114~~Loans ~~7.4084 1.293988 30~~35,~~000~~370,~~000~~750.0032 ~~and~~Scheduled ~~Greater~~Principal 1 33,~~381~~050,~~424~~026.7363 ~~4.71~~Unscheduled ~~115~~Principal ~~7.5000 1.640000 Totals 108 709~~337,~~221,643~~178.~~16 100.00 112 7.3678 1.371790~~26

Miscellaneous Reporting Senior Percentage 98.54% Senior Prepayment Percentage 100.00% Junior Percentage 1.46% Junior Prepayment Percentage 0.00% Remaining Class Unpaid Interest Shortfal $0.00

State (3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Alabama 2 16,844,965.28 2.38 116 6.8205 1.331879 Arizona 4 73,512,773.00 10.37 108 7.5107 1.284939 California 18 128,693,617.84 18.15 101 7.3550 1.375388 Colorado 2 14,957,266.39 2.11 114 7.4554 1.521032 Connecticut 1 3,296,180.72 0.46 114 7.7500 1.290000 Florida 9 73,175,007.94 10.32 114 7.2681 1.290293 Georgia 5 27,459,309.33 3.87 114 7.4137 1.300761 Hawaii 1 13,088,978.22 1.85 117 7.2500 1.280000 Idaho 2 7,865,539.05 1.11 115 7.2395 1.226889 Illinois 1 2,986,455.02 0.42 113 7.4900 1.740000 Louisiana 4 37,909,779.54 5.35 121 7.3889 1.451541 Maryland 11 37,951,512.77 5.35 129 7.3879 1.379732 Massachusetts 3 49,735,537.36 7.01 112 7.6522 1.519486 Michigan 4 30,398,355.37 4.29 109 7.7980 1.323581 Mississippi 3 26,387,330.60 3.72 115 7.4000 1.363578 Missouri 2 5,593,200.04 0.79 116 7.0896 1.516074 Nevada 1 10,287,695.57 1.45 108 7.6300 1.280000 New Jersey 5 67,883,721.64 9.57 113 7.4901 1.317855 New York 6 66,103,897.54 9.32 115 7.0863 1.365153 North Carolina 3 22,942,290.18 3.23 112 7.1884 1.414001 Ohio 2 13,983,226.47 1.97 102 7.2709 1.331713 Oklahoma 2 6,389,719.18 0.90 173 7.5186 1.251923 Oregon 3 26,259,603.02 3.70 103 7.1633 1.227763 Pennsylvania 1 4,045,297.97 0.57 114 7.7100 1.290000 South Carolina 2 8,639,605.91 1.22 115 7.2366 1.294451 Tennessee 2 9,408,789.10 1.33 114 7.4161 1.595309 Texas 8 100,895,494.52 14.23 111 7.2893 1.317072 Utah 1 18,477,597.87 2.61 120 7.2000 1.580000 Virginia 3 23,186,572.01 3.27 112 7.4723 1.676570 Washington 4 66,500,078.98 9.38 115 7.4727 1.570601 Wisconsin 2 9,992,723.96 1.41 113 7.4220 1.442013 Totals 117 709,221,643.16 100.00 112 7.3678 1.371790

Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 6.4900% or less 0 0.00 0.00 0 0.0000 0.000000 6.5001% to 6.7499% 2 17,960,000.00 2.53 116 6.6800 1.303185 6.7500% to 6.9999% 12 85,889,831.13 12.11 105 6.8749 1.324950 7.0000% to 7.2499% 29 127,111,216.42 17.92 112 7.1217 1.401832 7.2500% to 7.4999% 31 244,933,905.78 34.54 114 7.3816 1.329837 7.5000% to 7.7499% 21 165,739,067.14 23.37 112 7.5880 1.419748 7.7500% to 7.9999% 9 39,930,729.08 5.63 115 7.9067 1.424436 8.0000% to 8.2499% 2 12,165,137.78 1.72 108 8.0147 1.554076 8.2500% to 8.4999% 1 9,904,646.68 1.40 104 8.2500 1.390000 8.500% or Greater 1 5,587,109.15 0.79 116 8.7900 1.240000 Totals 108 709,221,643.16 100.00 112 7.3678 1.371790

Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 106 696,007,980.67 98.14 111 7.3537 1.373298 13 to 24 months 2 13,213,662.49 1.86 150 8.1098 1.292335 25 to 36 months 0 0.00 0.00 0 0.0000 0.000000 37 to 48 months 0 0.00 0.00 0 0.0000 0.000000 49 months and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 709,221,643.16 100.00 112 7.3678 1.371790

Debt Service Coverage Ratio (1) Debt Service # of Scheduled % of Weighted Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1.09 or less 2 14,625,442.84 2.06 152 7.3573 1.007737 1.10 to 1.19 3 7,008,245.34 0.99 191 7.6640 1.148061 1.20 to 1.29 46 292,397,323.54 41.23 108 7.3113 1.257521 1.30 to 1.39 30 201,754,143.45 28.45 113 7.4041 1.339123 1.40 to 1.49 9 40,929,418.86 5.77 105 7.3617 1.435608 1.50 to 1.59 6 40,074,266.65 5.65 116 7.3522 1.529483 1.60 to 1.69 6 64,071,645.76 9.03 113 7.5766 1.641469 1.70 to 1.79 4 36,691,619.59 5.17 114 7.1733 1.743473 1.80 to 1.89 0 0.00 0.00 0 0.0000 0.000000 1.90 to 1.99 1 9,696,001.86 1.37 110 7.6250 1.930000 2.00 to 2.19 0 0.00 0.00 0 0.0000 0.000000 2.20 or Greater 1 1,973,535.27 0.28 116 7.0600 2.200000 Totals 108 709,221,643.16 100.00 112 7.3678 1.371790

Property Type (3) Property # of Scheduled % of Weighted Type Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 17 170,408,798.54 24.03 114 7.5231 1.468928 Lodging 3 43,730,299.27 6.17 109 7.8466 1.728126 Mixed Use 2 28,859,852.47 4.07 116 7.0647 1.685294 Mobile Home Park 3 16,258,790.27 2.29 95 7.3317 1.560748 Multi-Family 41 267,058,607.12 37.66 109 7.0310 1.323679 Office 18 185,967,147.60 26.22 109 7.5691 1.349309 Other 1 19,476,294.12 2.75 113 7.2600 1.010000 Retail 32 273,092,333.01 38.51 117 7.4437 1.324421 Totals 117 709,221,643.16 100.00 112 7.3678 1.371790

Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 90 months or less 9 49,734,307.67 7.01 68 7.3448 1.279028 91 to 110 months 8 69,016,287.94 9.73 108 7.7630 1.529399 111 months or greater 88 582,226,162.42 82.09 114 7.3174 1.365154 Totals 105 700,976,758.03 98.84 110 7.3632 1.375215

Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 50 months or less 0 0.00 0.00 0 0.0000 0.000000 51 to 60 months 0 0.00 0.00 0 0.0000 0.000000 61 to 80 months 0 0.00 0.00 0 0.0000 0.000000 81 to 90 months 0 0.00 0.00 0 0.0000 0.000000 91 to 110 months 0 0.00 0.00 0 0.0000 0.000000 111 to 120 months 0 0.00 0.00 0 0.0000 0.000000 121 to 130 months 0 0.00 0.00 0 0.0000 0.000000 131 to 220 months 1 2,295,779.14 0.32 219 7.8000 1.140000 221 to 230 months 1 2,640,090.18 0.37 225 7.8000 1.130000 231 or greater months 1 3,309,015.81 0.47 286 7.6900 1.000000 Totals 3 8,244,885.13 1.16 248 7.7559 1.080610

Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 220 months or less 0 0.00 0.00 0 0.0000 0.000000 221 to 240 months 2 6,102,231.44 0.86 116 6.9769 1.277578 241 to 280 months 0 0.00 0.00 0 0.0000 0.000000 281 to 300 months 15 94,036,097.26 13.26 113 7.4709 1.422875 301 to 320 months 2 13,540,958.20 1.91 116 6.8838 1.273353 321 to 340 months 3 28,900,000.00 4.07 116 6.7254 1.264125 341 and greater 83 558,397,471.13 78.73 110 7.3939 1.376475 Totals 105 700,976,758.03 98.84 110 7.3632 1.375215

Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Underwriter' Information 108 709,221,643.16 100.00 112 7.3678 1.371790 1 year or less 0 0.00 0.00 0 0.0000 0.000000 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 108 709,221,643.16 100.00 112 7.3678 1.371790 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date balance of each property as disclosed in the offering document.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 11032073 1 IN Seattle WA 194,954.13 39,282.73 7.500% 991084073 2 RT Southlake TX 130,043.01 27,077.10 7.370% 11032302 3 RT Lakewood NJ 121,229.45 24,887.28 7.450% 991084093 4 IN Boca Raton FL 115,391.30 23,767.49 7.450% 11032554 5 IN Milford MA 98,728.57 19,583.41 7.610% 991084072 6 OF Tempe AZ 95,117.29 18,735.69 7.680% 991084071 7 MF Portland OR 88,303.09 26,317.20 7.150% 991084092 8 MU New York NY 81,496.48 18,298.89 7.000% 991084070 9 RT Mesa AZ 83,187.50 17,207.57 7.400% 11033290 10 OF Houston TX 82,886.44 16,905.47 7.480% 991084091 11 RT Marietta GA 68,052.23 13,864.23 7.470% 11030437 12 LO Metairie LA 69,913.97 18,084.43 7.900% 991084090 13 OT New York NY 63,977.87 13,773.97 7.260% 11032602 14 IN Los Angeles CA 63,887.09 12,987.57 7.480% 11030882 15 OF Princeton NJ 63,758.72 13,154.88 7.500% 991084612 16 MF Haverstraw NY 57,860.44 0.00 6.800% 11031433 17 RT Salinas CA 62,268.93 12,547.02 7.500% 991084069 18 MF Baton Rouge LA 54,085.73 0.00 6.680% 11030441 19 LO Worcester MA 64,656.33 16,384.38 8.000% 991084089 20 MF Olive Branch MS 58,248.64 12,356.60 7.250% 991084068 21 MF Hoover AL 53,340.00 0.00 6.750% 11032526 22 OF Plano TX 59,133.82 11,679.95 7.630% 11031712 23 IN Various Various 58,040.62 11,812.37 7.490% 11027320 24 OF Detroit MI 63,628.60 11,498.06 8.250% 991084067 25 MF Roseville CA 53,654.03 12,243.99 6.980% 11031426 26 LO Herndon VA 57,595.34 15,624.49 7.625% 11032975 27 OF West Valley City UT 54,136.22 11,706.24 7.200% 991084621 28 OF Kapolei Oahu Islan HI 54,026.36 15,363.10 7.250% 991084088 29 MF Melbourne FL 50,310.45 11,375.42 6.970% 991084066 30 MF Aberdeen NC 51,642.40 11,117.82 7.250% 991084613 31 MF Passaic NJ 47,600.00 0.00 6.800% 991084615 32 RT Palm Springs CA 47,273.06 13,442.72 7.250% 11030760 33 RT Tucson AZ 48,395.04 9,512.55 7.690% 991084065 34 OF Las Vegas NV 47,452.82 9,552.26 7.630% 991084086 35 MF San Antonio TX 43,402.46 9,768.02 6.990% 991084064 36 MF Houston TX 39,226.44 0.00 6.680% 991084099 37 RT Antioch CA 43,354.79 8,881.03 7.460% 991084074 38 OF Tustin CA 41,924.79 8,467.97 7.510% 11033160 39 IN Westfield MA 40,494.41 8,523.91 7.300% 991084051 40 IN Glenn Burnie MD 37,486.33 8,615.68 6.900% 991084085 41 MF Vero Beach FL 36,786.14 8,317.51 6.970% 11029301 42 RT Chestertown MD 37,768.13 7,973.97 7.410% 991084063 43 OF Pepper Pike OH 35,821.58 7,860.50 7.100% 991084062 44 RT Littleton CO 38,434.67 7,488.71 7.710% 991084061 45 MH San Jose CA 34,928.26 7,657.14 7.190% 991084060 46 MF Houston TX 34,988.59 7,341.86 7.350% 991084059 47 OF Anaheim CA 37,646.80 6,985.33 7.970% 991084098 48 RT Franklin WI 33,246.89 3,562.17 7.370% 11025879 49 IN West Orange NJ 38,238.07 5,977.23 8.790% 11033940 50 RT Fredericksburg VA 27,494.52 5,938.11 7.150% 11031167 51 RT Temple Hills MD 30,433.31 5,681.21 7.940% 991084058 52 RT Surfside Beach SC 27,445.74 5,881.25 7.220% 11032993 53 RT Miami FL 27,013.86 5,730.60 7.250% 991084057 54 MF Concord NC 24,928.88 5,899.68 6.860% 991084084 55 MF Oxford MS 24,935.65 6,577.52 7.050% 991084056 56 IN Lynnwood WA 26,329.56 5,320.18 7.560% 11131053 57 MF Various NY 25,773.83 7,217.78 7.410% 991084083 58 MF Laurel MD 23,633.98 5,306.68 7.000% 11032684 59 RT River Ridge LA 24,571.38 5,127.65 7.375% 11033326 60 RT Dallas TX 24,210.30 6,690.86 7.450% 991084055 61 MF Boise ID 22,868.89 4,933.68 7.190% 991084622 62 MF Colorado Springs CO 22,062.02 4,819.26 7.100% 991084100 63 OF Westlake OH 23,447.59 4,685.51 7.560% 11029075 64 OF Sterling Heights MI 23,450.40 4,602.62 7.660% 991084101 65 MF Blackman Township MI 20,360.45 9,293.75 6.750% 991084103 66 MF Palm Bay FL 20,793.81 4,615.42 7.050% 991084054 67 OF Jackson MS 23,528.20 4,328.37 7.990% 991084095 68 RT Oviedo FL 21,518.50 4,017.02 7.940% 11033566 69 MF Los Angeles CA 18,905.47 4,186.65 7.060% 11033885 70 RT Madison FL 19,068.24 5,575.12 7.150% 991084053 71 MF Houston TX 17,692.50 0.00 6.750% 991084082 72 RT Gaithersburg MD 19,822.11 5,103.11 7.690% 11031982 73 MF Royal Oak MI 19,142.71 3,908.78 7.490% 11033888 74 RT Americus GA 18,181.34 5,315.82 7.150% 991084616 75 MF Beaverton OR 18,164.02 3,896.60 7.200% 991084052 76 MF Birmingham AL 17,460.03 3,915.69 7.040% 991084619 77 MF Billings MO 16,213.18 3,709.47 6.900% 991084102 78 IN Hellam PA 17,936.81 3,472.69 7.710% 11032593 79 OF Moorestown NJ 16,743.16 3,620.49 7.200% 991084081 80 RT Winston-Salem NC 17,690.68 4,713.75 7.620% 991084097 81 MH Aberdeen MD 17,985.91 4,530.48 7.910% 991084614 82 RT Palm Springs CA 16,151.63 4,592.93 7.250% 991084079 83 MU San Diego CA 15,670.61 3,171.22 7.480% 991084078 84 RT Oklahoma City OK 17,194.21 5,172.30 7.800% 991084620 85 MF Bellingham WA 14,719.29 3,178.99 7.150% 11032253 86 OF Tucson AZ 14,152.42 3,070.45 7.150% 11033565 87 MF Sherman Oaks CA 13,973.61 3,094.48 7.060% 991084096 88 MF North Hollywood CA 14,756.03 2,930.22 7.620% 11031181 89 MF Lynnwood WA 13,829.35 4,016.45 7.200% 11031688 90 OF Middlebury CT 14,875.12 2,856.08 7.750% 11032936 91 MF Tulsa OK 13,394.53 2,896.39 7.200% 991084077 92 MF Memphis TN 13,048.99 2,777.50 7.250% 991084076 93 RT Lafayette LA 13,963.43 5,885.06 7.800% 11033887 94 RT Jesup GA 12,638.25 3,695.14 7.150% 991084075 95 RT Yucca Valley CA 12,831.35 5,116.06 7.370% 11031898 96 RT Sandersville GA 12,513.42 2,759.31 7.200% 11032099 97 MF Boise ID 11,845.07 2,471.39 7.340% 11033562 98 MH Stockton CA 10,850.10 2,402.77 7.060% 11032349 99 MF Tampa FL 11,024.01 2,359.94 7.260% 991084617 100 MF Hillsboro OR 10,060.07 2,158.12 7.200% 11030742 101 RT Duluth GA 11,291.92 2,041.54 8.100% 11032569 102 RT Mt. Pleasant SC 9,968.65 2,107.70 7.280% 11032083 103 RT Roanoke VA 9,994.24 1,997.35 7.590% 11033564 104 MF Toluca Lake CA 8,767.75 1,941.64 7.060% 11032346 105 MF Lakeland FL 8,971.07 1,920.46 7.260% 11030805 106 RT Amherst NY 9,008.40 1,829.42 7.500% 991084094 107 MF Madison WI 9,153.89 1,822.24 7.630% 11033563 108 MF Sherman Oaks CA 7,671.78 1,698.94 7.060% Totals 4,070,150.54 836,145.80

Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 11032073 N/A 10/05/2011 N 33,420,707.46 33,381,424.73 03/05/2002 991084073 N/A 09/01/2011 N 22,686,317.43 22,659,240.33 03/01/2002 11032302 N/A 08/05/2011 N 20,921,668.92 20,896,781.64 03/05/2002 991084093 N/A 07/01/2011 N 19,914,125.86 19,890,358.37 03/01/2002 11032554 N/A 08/05/2011 N 16,680,253.58 16,660,670.17 03/05/2002 991084072 N/A 06/01/2011 N 15,923,652.95 15,904,917.26 03/01/2002 991084071 N/A 07/01/2011 N 15,878,677.89 15,852,360.69 03/01/2002 991084092 N/A 11/01/2011 N 14,968,742.01 14,950,443.12 03/01/2002 991084070 N/A 09/01/2011 N 14,453,425.91 14,436,218.34 03/01/2002 11033290 N/A 08/05/2011 N 14,247,096.08 14,230,190.61 03/05/2002 991084091 N/A 09/01/2011 N 11,712,949.11 11,699,084.88 03/01/2002 11030437 N/A 03/01/2011 N 11,378,403.31 11,360,318.88 03/01/2002 991084090 N/A 08/01/2011 N 11,330,201.00 11,316,427.03 03/01/2002 11032602 N/A 09/05/2011 N 10,981,355.46 10,968,367.89 03/05/2002 11030882 N/A 04/05/2011 N 10,930,066.70 10,916,911.82 03/05/2002 991084612 N/A 11/01/2011 N 10,940,000.00 10,940,000.00 02/01/2002 11031433 N/A 10/05/2011 N 10,674,673.73 10,662,126.71 03/05/2002 991084069 N/A 11/01/2011 N 10,410,000.00 10,410,000.00 03/01/2002 11030441 N/A 03/01/2011 N 10,391,196.11 10,374,811.73 03/01/2002 991084089 N/A 11/01/2011 N 10,329,808.26 10,317,451.66 03/01/2002 991084068 N/A 11/01/2011 N 10,160,000.00 10,160,000.00 03/01/2002 11032526 N/A 08/05/2011 N 9,964,507.70 9,952,827.75 02/05/2002 11031712 N/A 08/05/2011 N 9,963,105.53 9,951,293.16 03/05/2002 11027320 N/A 11/05/2010 N 9,916,144.74 9,904,646.68 03/05/2002 991084067 N/A 08/01/2006 N 9,883,059.78 9,870,815.79 03/01/2002 11031426 N/A 05/01/2011 N 9,711,626.35 9,696,001.86 03/01/2002 11032975 N/A 03/05/2012 N 9,667,181.97 9,655,475.73 03/05/2002 991084621 N/A 12/01/2011 N 9,581,028.71 9,565,665.61 03/01/2002 991084088 N/A 11/01/2011 N 9,280,468.51 9,269,093.09 03/01/2002 991084066 N/A 07/01/2011 N 9,158,257.42 9,147,139.60 02/01/2002 991084613 N/A 11/01/2011 N 9,000,000.00 9,000,000.00 03/01/2002 991084615 N/A 12/01/2011 N 8,383,400.12 8,369,957.40 03/01/2002 11030760 N/A 06/05/2008 N 8,091,312.30 8,081,799.75 02/05/2002 991084065 N/A 03/01/2011 N 7,996,168.38 7,986,616.12 03/01/2002 991084086 N/A 11/01/2008 N 7,983,285.69 7,973,517.67 03/01/2002 991084064 N/A 11/01/2011 N 7,550,000.00 7,550,000.00 03/01/2002 991084099 N/A 08/01/2011 N 7,472,100.72 7,463,219.69 03/01/2002 991084074 N/A 09/01/2011 N 7,177,536.08 7,169,068.11 03/01/2002 11033160 N/A 10/05/2011 N 7,132,087.93 7,123,564.02 03/05/2002 991084051 N/A 11/01/2011 N 6,985,030.76 6,976,415.08 03/01/2002 991084085 N/A 11/01/2011 N 6,785,718.91 6,777,401.40 03/01/2002 11029301 N/A 03/05/2011 N 6,553,174.74 6,545,200.77 03/05/2002 991084063 N/A 11/01/2011 N 6,486,804.48 6,478,943.98 03/01/2002 991084062 N/A 07/01/2011 N 6,409,339.30 6,401,850.59 03/01/2002 991084061 N/A 06/01/2008 N 6,245,863.92 6,238,206.78 03/01/2002 991084060 N/A 08/01/2011 N 6,120,452.31 6,113,110.45 03/01/2002 991084059 N/A 06/01/2006 N 6,073,153.18 6,066,167.85 03/01/2002 991084098 N/A 08/01/2011 N 5,800,000.00 5,796,437.83 03/01/2002 11025879 N/A 11/05/2011 N 5,593,086.38 5,587,109.15 02/05/2002 11033940 N/A 12/05/2011 N 4,944,070.30 4,938,132.19 03/05/2002 11031167 N/A 06/05/2011 N 4,928,028.36 4,922,347.15 03/05/2002 991084058 N/A 10/01/2011 N 4,887,447.97 4,881,566.72 03/01/2002 11032993 N/A 11/05/2011 N 4,790,635.71 4,784,905.11 03/05/2002 991084057 N/A 06/01/2011 N 4,672,218.97 4,666,319.29 02/01/2002 991084084 N/A 11/01/2011 N 4,547,535.72 4,540,958.20 02/01/2002 991084056 N/A 06/01/2011 N 4,477,815.80 4,472,495.62 03/01/2002 11131053 N/A 08/05/2011 N 4,472,035.46 4,464,817.68 03/05/2002 991084083 N/A 11/01/2011 N 4,340,935.18 4,335,628.50 03/01/2002 11032684 N/A 08/05/2011 N 4,283,630.59 4,278,502.94 03/05/2002 11033326 N/A 09/05/2011 N 4,178,189.35 4,171,498.49 03/05/2002 991084055 N/A 10/01/2011 N 4,089,409.76 4,084,476.08 03/01/2002 991084622 N/A 12/01/2011 N 3,995,133.72 3,990,314.46 03/01/2002 991084100 N/A 09/01/2008 N 3,987,685.36 3,982,999.85 03/01/2002 11029075 N/A 08/05/2011 N 3,936,097.69 3,931,495.07 03/05/2002 991084101 N/A 11/01/2011 N 3,878,181.83 3,868,888.08 03/01/2002 991084103 N/A 11/01/2011 N 3,792,183.87 3,787,568.45 03/01/2002 991084054 N/A 07/01/2011 N 3,786,049.92 3,781,721.55 03/01/2002 991084095 N/A 06/01/2011 N 3,484,464.48 3,480,447.46 03/01/2002 11033566 N/A 11/05/2011 N 3,442,922.34 3,438,735.69 03/05/2002 11033885 N/A 11/05/2011 N 3,428,853.83 3,423,278.71 03/05/2002 991084053 N/A 11/01/2011 N 3,370,000.00 3,370,000.00 03/01/2002 991084082 N/A 01/15/2026 N 3,314,118.92 3,309,015.81 02/15/2002 11031982 N/A 07/05/2011 N 3,285,988.65 3,282,079.87 03/05/2002 11033888 N/A 11/05/2011 N 3,269,372.23 3,264,056.41 03/05/2002 991084616 N/A 11/01/2008 N 3,243,574.44 3,239,677.84 02/01/2002 991084052 N/A 09/01/2011 N 3,188,722.83 3,184,807.14 03/01/2002 991084619 N/A 12/01/2011 N 3,021,090.20 3,017,380.73 03/01/2002 991084102 N/A 09/01/2011 N 2,991,130.28 2,987,657.59 03/01/2002 11032593 N/A 09/05/2011 N 2,989,850.08 2,986,229.59 03/05/2002 991084081 N/A 09/01/2011 N 2,984,929.35 2,980,215.60 03/01/2002 991084097 N/A 08/01/2011 N 2,923,481.54 2,918,951.06 03/01/2002 991084614 N/A 12/01/2011 N 2,864,328.37 2,859,735.44 03/01/2002 991084079 N/A 10/01/2011 N 2,693,572.43 2,690,401.21 03/01/2002 991084078 N/A 12/15/2020 N 2,645,262.48 2,640,090.18 02/15/2002 991084620 N/A 12/01/2011 N 2,646,825.50 2,643,646.51 03/01/2002 11032253 N/A 11/05/2011 N 2,544,891.12 2,541,820.67 03/05/2002 11033565 N/A 11/05/2011 N 2,544,768.69 2,541,674.21 03/05/2002 991084096 N/A 07/01/2006 N 2,489,769.25 2,486,839.03 03/01/2002 11031181 N/A 10/05/2011 N 2,469,526.88 2,465,510.43 03/05/2002 11031688 N/A 09/05/2011 N 2,467,761.89 2,464,905.81 03/05/2002 11032936 N/A 09/05/2011 N 2,391,880.06 2,388,983.67 03/05/2002 991084077 N/A 10/01/2011 N 2,314,106.29 2,311,328.79 03/01/2002 991084076 N/A 06/15/2020 N 2,301,664.20 2,295,779.14 02/01/2002 11033887 N/A 11/05/2011 N 2,272,612.41 2,268,917.27 03/05/2002 991084075 N/A 11/01/2011 N 2,238,459.42 2,233,343.36 03/01/2002 11031898 N/A 04/05/2011 N 2,234,539.39 2,231,780.08 03/05/2002 11032099 N/A 10/05/2011 N 2,074,847.41 2,072,376.02 03/05/2002 11033562 N/A 11/05/2011 N 1,975,938.04 1,973,535.27 03/05/2002 11032349 N/A 08/05/2011 N 1,952,304.53 1,949,944.59 03/05/2002 991084617 N/A 11/01/2008 N 1,796,441.23 1,794,283.11 03/01/2002 11030742 N/A 06/05/2011 N 1,792,367.59 1,790,326.05 03/05/2002 11032569 N/A 10/05/2011 N 1,760,553.54 1,758,445.84 03/05/2002 11032083 N/A 07/05/2011 N 1,692,983.31 1,690,985.96 03/05/2002 11033564 N/A 11/05/2011 N 1,596,717.60 1,594,775.96 03/05/2002 11032346 N/A 08/05/2011 N 1,588,737.62 1,586,817.16 03/05/2002 11030805 N/A 07/05/2011 N 1,544,297.06 1,542,467.64 03/05/2002 991084094 N/A 06/01/2011 N 1,542,502.34 1,540,680.10 03/01/2002 11033563 N/A 11/05/2011 N 1,397,127.90 1,395,428.96 03/05/2002 Totals 710,057,788.96 709,221,643.16

Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 03/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00

Prepayments Distribution Curtailments Payoff Date # Amount # Amount 03/15/2002 0 $0.00 0 $0.00

Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 03/15/2002 7.367766% 7.281246% 112 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.

Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross Delinq. Date Advances Advances** Loan(1) Reference 991084612 16 0 02/01/2002 57,860.44 57,860.44 A 11032526 22 0 02/05/2002 70,813.77 70,813.77 A 991084066 30 0 02/01/2002 62,760.22 62,760.22 A 11030760 33 0 02/05/2002 57,907.59 57,907.59 A 11025879 49 0 02/05/2002 44,215.30 44,215.30 A 991084057 54 0 02/01/2002 30,828.56 30,828.56 A 991084084 55 0 02/01/2002 31,513.17 31,513.17 A 991084082 72 0 02/15/2002 24,925.22 24,925.22 A 991084616 75 0 02/01/2002 22,060.62 22,060.62 A 991084078 84 0 02/15/2002 22,366.51 22,366.51 A 991084076 93 0 02/01/2002 19,848.49 19,848.49 A Totals 11 445,099.89 445,099.89

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances Date Date 991084612 10,940,000.00 0.00 11032526 9,964,507.70 0.00 991084066 9,158,257.42 0.00 11030760 8,091,312.31 0.00 11025879 5,593,086.38 0.00 991084057 4,672,218.97 0.00 991084084 4,547,535.72 0.00 991084082 3,314,118.92 0.00 991084616 3,243,574.44 0.00 991084078 2,645,262.48 0.00 991084076 2,301,664.20 0.00 Totals 64,471,538.54 0.00

Filing Compare · MASTR ASSET SECURITIZATION TRUST 2002-1