8-K 1 opt02003.txt 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): July 25, 2002 OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2002-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-02 Pooling and Servicing Agreement) (Commission 52-2365598 (State or other File Number) 52-2365599 jurisdiction 52-2365600 of Incorporation) IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 July 25, 2002 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset-Backed Certificates, Series 2002-3 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 Asset-Backed Certificates, Series 2002-3 Trust, relating to the July 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. OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2002-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/7/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-3 Trust, relating to the July 25, 2002 distribution. EX-99.1

Option One Mortgage Loan Trust ~~Asset~~Mortgage Pass-~~Backed~~Through Certificates Record Date: 46/30/02 Distribution Date: 57/2825/02 OOMC Series: 2002-3 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 68389FCF9 SEN 2.~~10000~~09000% ~~825~~821,~~500~~073,~~000~~065.0009 1,~~540~~430,~~933~~035.3359 14,~~787~~661,~~537~~770.1254 A2 68389FCG7 SEN 2.~~12000~~11000% ~~353~~351,~~750~~591,~~000~~203.0039 ~~666~~618,~~622~~214.2253 1,~~035~~862,~~936~~314.7321 S 68389FCL6 SEN 5.50000% 0.00 607,291.67 0.00 M1 68389FCH5 MEZ 2.~~50000~~49000% 53,000,000.00 ~~117~~109,~~777~~975.7800 0.00 M2 68389FCJ1 MEZ 2.~~98000~~97000% 46,375,000.00 ~~122~~114,~~842~~778.2213 0.00 M3 68389FCK8 MEZ 3.~~70000~~69000% 39,750,000.00 ~~130~~122,~~733~~231.3325 0.00 C OPT02003C JUN 0.00000% 6,624,900.00 35,~~908~~643,~~292~~993.8522 0.00 R1 OPT0203R1 JUN 0.00000% 0.00 0.00 0.00 R2 OPT0203R2 JUN 0.00000% 0.00 0.00 0.00 R3 OPT0203R3 JUN 0.00000% 0.00 0.00 0.00 P OPT02003P JUN 0.00000% 100.00 2114,~~524~~173.4480 0.00 Totals 1,~~325~~318,~~000~~414,~~000~~268.048 78,~~097~~760,~~017~~693.8419 26,~~823~~524,~~473~~084.8575

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~823~~816,~~712~~411,~~462~~294.8855 36,~~328~~091,~~470~~806.4513 0.00 A2 0.00 ~~352~~349,~~714~~728,~~063~~889.2718 12,~~702~~480,~~558~~528.9574 0.00 S 0.00 0.00 607,291.67 0.00 M1 0.00 53,000,000.00 ~~117~~109,~~777~~975.7800 0.00 M2 0.00 46,375,000.00 ~~122~~114,~~842~~778.2213 0.00 M3 0.00 39,750,000.00 ~~130~~122,~~733~~231.3325 0.00 C 0.00 6,624,900.00 35,~~908~~643,~~292~~993.8522 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 P 0.00 100.00 2114,~~524~~173.4480 0.00 Totals 0.00 1,~~322~~311,~~176~~890,~~526~~183.1573 915,~~920~~284,~~491~~777.6994 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 825,500,000.00 ~~825~~821,~~500~~073,~~000~~065.0009 0.00 14,~~787~~661,~~537~~770.1254 0.00 0.00 A2 353,750,000.00 ~~353~~351,~~750~~591,~~000~~203.0039 0.00 1,~~035~~862,~~936~~314.7321 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 M1 53,000,000.00 53,000,000.00 0.00 0.00 0.00 0.00 M2 46,375,000.00 46,375,000.00 0.00 0.00 0.00 0.00 M3 39,750,000.00 39,750,000.00 0.00 0.00 0.00 0.00 C 6,624,900.00 6,624,900.00 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 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,325,000,000.00 1,~~325~~318,~~000~~414,~~000~~268.0048 0.00 26,~~823~~524,~~473~~084.8575 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 14,~~787~~661,~~537~~770.1254 ~~823~~816,~~712~~411,~~462~~294.8855 0.~~99783460~~98899006 14,~~787~~661,~~537~~770.1254 A2 1,~~035~~862,~~936~~314.7321 ~~352~~349,~~714~~728,~~063~~889.2718 0.~~99707156~~98863290 1,~~035~~862,~~936~~314.7321 S 0.00 0.00 0.00000000 0.00 M1 0.00 53,000,000.00 1.00000000 0.00 M2 0.00 46,375,000.00 1.00000000 0.00 M3 0.00 39,750,000.00 1.00000000 0.00 C 0.00 6,624,900.00 1.00000000 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 P 0.00 100.00 1.00000000 0.00 Totals 26,~~823~~524,~~473~~084.8575 1,~~322~~311,~~176~~890,~~526~~183.1573 0.~~99786908~~99010580 26,~~823~~524,~~473~~084.8575

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 825,500,000.00 ~~1000~~994.~~00000000~~63726843 0.00000000 25.~~16539930~~64720841 0.00000000 A2 353,750,000.00 ~~1000~~993.~~00000000~~89739474 0.00000000 25.~~92844305~~26449247 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 53,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 46,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 39,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 6,624,900.00 1000.00000000 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 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 25.~~16539930~~64720841 ~~997~~988.~~83460070~~99006002 0.~~99783460~~98899006 25.~~16539930~~64720841 A2 0.00000000 25.~~92844305~~26449247 ~~997~~988.~~07155695~~63290228 0.~~99707156~~98863290 25.~~92844305~~26449247 S 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 C 0.00000000 0.00000000 1,000.00000000 1.00000000 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 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 825,500,000.00 2.~~10000~~09000% ~~825~~821,~~500~~073,~~000~~065.0009 1,~~540~~430,~~933~~035.3359 0.00 0.00 A2 353,750,000.00 2.~~12000~~11000% ~~353~~351,~~750~~591,~~000~~203.0039 ~~666~~618,~~622~~214.2253 0.00 0.00 S 0.00 5.50000% 132,500,000.00 607,291.67 0.00 0.00 M1 53,000,000.00 2.~~50000~~49000% 53,000,000.00 ~~117~~109,~~777~~975.7800 0.00 0.00 M2 46,375,000.00 2.~~98000~~97000% 46,375,000.00 ~~122~~114,~~842~~778.2213 0.00 0.00 M3 39,750,000.00 3.~~70000~~69000% 39,750,000.00 ~~130~~122,~~733~~231.3325 0.00 0.00 C 6,624,900.00 0.00000% 6,624,900.00 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 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 1,325,000,000.00 3,~~186~~002,~~200~~526.5517 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 1,~~540~~430,~~933~~035.3359 0.00 ~~823~~816,~~712~~411,~~462~~294.8855 A2 0.00 0.00 ~~666~~618,~~622~~214.2253 0.00 ~~352~~349,~~714~~728,~~063~~889.2718 S 0.00 0.00 607,291.67 0.00 132,500,000.00 M1 0.00 0.00 ~~117~~109,~~777~~975.7800 0.00 53,000,000.00 M2 0.00 0.00 ~~122~~114,~~842~~778.2213 0.00 46,375,000.00 M3 0.00 0.00 ~~130~~122,~~733~~231.3325 0.00 39,750,000.00 C 0.00 0.00 35,~~908~~643,~~292~~993.8522 0.00 6,624,900.00 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 P 0.00 0.00 2114,~~524~~173.4480 0.00 100.00 Totals 0.00 0.00 78,~~097~~760,~~017~~693.8419 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 825,500,000.00 2.~~10000~~09000% ~~1000~~994.~~00000000~~63726843 1.~~86666666~~73232658 0.00000000 0.00000000 A2 353,750,000.00 2.~~12000~~11000% ~~1000~~993.~~00000000~~89739474 1.~~88444444~~74760291 0.00000000 0.00000000 S 0.00 5.50000% 1000.00000000 4.58333336 0.00000000 0.00000000 M1 53,000,000.00 2.~~50000~~49000% 1000.00000000 2.~~22222226~~07500000 0.00000000 0.00000000 M2 46,375,000.00 2.~~98000~~97000% 1000.00000000 2.~~64888884~~47500011 0.00000000 0.00000000 M3 39,750,000.00 3.~~70000~~69000% 1000.00000000 3.~~28888881~~07500000 0.00000000 0.00000000 C 6,624,900.00 0.00000% 1000.00000000 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 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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.~~86666666~~73232658 0.00000000 ~~997~~988.~~83460070~~99006002 A2 0.00000000 0.00000000 1.~~88444444~~74760291 0.00000000 ~~997~~988.~~07155695~~63290228 S 0.00000000 0.00000000 4.58333336 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~22222226~~07500000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~64888884~~47500011 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~28888881~~07500000 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~589~~851.~~93990098~~93636432 0.00000000 1000.00000000 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 P 0.00000000 0.00000000 ~~25244~~1141738.~~40000000~~00000000 0.00000000 1000.00000000 (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 1016,~~678~~164,~~558~~862.0605 Liquidations, Insurance Proceeds, Reserve Funds 01.2123 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 2114,~~524~~173.4480 Total Deposits 1016,~~681~~279,~~082~~037.7108 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~760~~994,~~591~~259.0214 Payment of Interest and Principal 915,~~920~~284,~~491~~777.6994 Total Withdrawals (Pool Distribution Amount) 1016,~~681~~279,~~082~~037.7108 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~244~~329,~~423~~560.3460 Radian PMI Policy Fee ~~512~~661,~~855~~402.1851 Wells Fargo 3,~~312~~296.5003 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~760~~994,~~591~~259.0214

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 01.2123 01.2123 1,000.00

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 19 0 0 19 ~~482~~1,~~623~~211,105.2290 0.00 0.00 ~~482~~1,~~623~~211,105.2290 30 Days 1057 0 02 0 1059 16,~~043~~483,~~453~~022.1508 0.00 0339,404.0006 0.00 16,~~043~~822,~~453~~426.1514 60 Days 0 0 03 0 03 0.00 0.00 0362,338.0025 0.00 0362,338.0025 90 Days 0 0 09 0 09 0.00 0.00 0905,815.0012 0.00 0905,815.0012 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 1057 19 014 0 1180 16,~~043~~483,~~453~~022.1508 ~~482~~1,~~623~~211,105.2290 01,607,557.0043 0.00 19,~~526~~301,~~076~~685.3741 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.~~013858~~095857% 0.000000% 0.000000% 0.~~013858~~095857% 0.~~047849~~092304% 0.000000% 0.000000% 0.~~047849~~092304% 30 Days 0.~~138581~~607093% 0.000000% 0.~~000000~~021302% 0.000000% 0.~~138581~~628395% 0.~~103451~~494103% 0.000000% 0.~~000000~~025868% 0.000000% 0.~~103451~~519971% 60 Days 0.000000% 0.000000% 0.~~000000~~031952% 0.000000% 0.~~000000~~031952% 0.000000% 0.000000% 0.~~000000~~027616% 0.000000% 0.~~000000~~027616% 90 Days 0.000000% 0.000000% 0.~~000000~~095857% 0.000000% 0.~~000000~~095857% 0.000000% 0.000000% 0.~~000000~~069037% 0.000000% 0.~~000000~~069037% 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.~~138581~~607093% 0.~~013858~~095857% 0.~~000000~~149111% 0.000000% 0.~~152439~~852061% 0.~~103451~~494103% 0.~~047849~~092304% 0.~~000000~~122520% 0.000000% 0.~~151300~~708927%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5271,~~057~~495.2184

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~479025~~774598% Weighted Average Net Coupon 8.~~189031~~474636% Weighted Average Pass-Through Rate 7.~~577552~~869787% Weighted Average Maturity(Stepdown Calculation ) ~~351~~349 Beginning Scheduled Collateral Loan Count 7,~~227~~198 Number Of Loans Paid In Full 1135 Ending Scheduled Collateral Loan Count 79,~~216~~389 Beginning Scheduled Collateral Balance 1,~~324~~004,~~999~~843,~~900~~466.0091 Ending Scheduled Collateral Balance 1,~~008~~311,~~605~~890,~~724~~183.5873 Ending Actual Collateral Balance at 30-~~Apr~~Jun-2002 1,~~008~~312,~~641~~078,~~820~~679.0090 Monthly P &I Constant 710,~~763~~479,~~239~~374.5031 Special Servicing Fee 0.00 Prepayment Penalties 2114,~~524~~173.4480 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~008~~311,~~605~~890,~~724~~183.5873 Scheduled Principal ~~616~~838,~~628~~911.6545 Unscheduled Principal 25,~~206~~685,~~845~~173.2030

Credit Enhancement Percenatge 1011.~~9999924528~~0563811536% Net WAC Carryover Amount 0.00 Payment Rec'd on PMI Claims during Pre-FuFund Period 0.00 Payment Rec'd on PMI Claims since Closing 0.00 Claims Denied by PMI during Pre-Fund ~~Peri~~Period 0.00 Claims Denied by PMI since Closing 0.00 Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 25,~~206~~685,~~845~~173.2030 Unscheduled Principal - Involuntary 0.00 # of Subsequent Mortgage Loans Purchased 02,226 Amount of Subsequent Mortgage Loans ~~Purch~~Purchased 0313,398,894.0045 Group 1 Pre-Funding Acct Begin Bal 222,372,709.38 Group 1 Pre-Funding Acct Dist Amount 0222,372,709.0038 Group 1 Pre-Funding Acct RI to Int Cov AcAcct 46236,~~337~~277.1422 Group 1 Pre-Funding Acct End Bal ~~222,372,709~~0.3800 Group 1 Inv Cov Acct Begin Bal 1,~~512~~022,~~575~~247.0051 Group 1 Inv Cov Acct Deposits 46237,~~652~~506.3228 Group 1 Inv Cov Acct Release to Servicer ~~315~~1,259,441.1812 Group 1 Inv Cov Acct Dist Amount to Bond ~~434,989~~312.2567 Group 1 Inv Cov Acct End Bal ~~1,123,922~~0.8900 Group 2 Pre-Funding Acct Begin Bal 91,198,092.19 Group 2 Pre-Funding Acct Dist Amount 091,198,092.0019 Group 2 Pre-Funding Acct RI Transfer to IInv 19Cov Acct 96,~~003~~891.5055 Group 2 Pre-Funding Acct End Bal ~~91,198,092~~0.1900 Group 2 Int Cov Acct Begin Bal ~~648~~447,~~247~~156.0099 Group 2 Int Cov Acct Deposits 1997,~~138~~426.5842 Group 2 Int Cov Acct Release to Servicer ~~135~~544,582.0819 Group 2 Int Cov Acct Dist Amount to Bond ~~178,395~~1.0522 Group 2 Int Cov Acct End Bal ~~488,855~~0.4500 ~~Group~~Liquidated 1Loans ~~Initial~~with ~~Deposit~~Losses ~~Release~~covered by MI 0 Losses prior to ~~Bond~~Proceeds ~~66,562~~from MI 0.00 ~~Group~~MI 2Proceeds ~~Initial~~received ~~Deposit Release~~ to ~~Bond~~reduce ~~28,527~~Losses 0.00

Miscellaneous Reporting General Excess Available Amt 35,~~908~~643,~~292~~993.8522 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 6,624,900.00 Excess Overcollateralized AmAmt 0.00 Overcollateralization ~~Defici~~Deficit Amt 0.00 Overcollateralization ~~Increa~~Increase 0.00 Overcollateralization ~~Releas~~Release Amt 0.00 Target Overcollateralization Amt 6,624,900.00

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 30 Year Mixed ARM Fixed 30 Year Weighted Average Coupon Rate 8.~~409490~~741091 8.~~457284~~784178 8.~~635849~~904355 Weighted Average Net Rate 8.~~119690~~441403 8.~~167445~~484176 8.~~345004~~604357 Weighted Average Maturity ~~351~~349 ~~351~~349 ~~351~~349 Beginning Loan Count ~~939~~935 4,~~022~~006 ~~573~~570 Loans Paid In Full 26 517 2 Ending Loan Count ~~937~~1,323 45,~~017~~462 ~~571~~608 Beginning Scheduled Balance ~~118~~117,~~311~~399,~~971~~657.7127 ~~586~~583,~~843~~328,~~318~~698.9144 62,~~537~~041,~~503~~937.9924 Ending scheduled Balance ~~117~~163,~~924~~168,~~564~~409.7490 ~~585~~755,~~443~~270,~~188~~884.7665 6270,~~337~~292,~~819~~589.6747 Record Date 0406/30/2002 0406/30/2002 0406/30/2002 Principal And Interest Constant ~~920~~1,~~602~~331,418.2493 46,~~471~~004,~~523~~444.4555 ~~501~~583,~~843~~109.6833 Scheduled Principal 91134,~~482~~542.7701 ~~335~~449,~~606~~984.1870 5160,~~789~~075.9962 Unscheduled Principal ~~295~~1,~~924~~007,464.2003 13,~~064~~069,~~523~~779.9780 ~~147~~134,~~894~~241.3306 Scheduled Interest ~~829~~1,~~119~~196,876.4792 45,~~135~~554,~~917~~459.2785 ~~450~~523,~~053~~033.6971 Servicing Fees 2841,~~572~~034.3182 ~~141~~189,~~741~~697.8266 1517,~~157~~621.2657 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~295~~408.7971 21,~~023~~899.0304 ~~156~~175.3773 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7398,~~296~~002.8259 ~~290~~366,~~066~~710.4394 3439,~~630~~760.0495 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 ~~800~~1,~~547~~155,842.1601 35,~~994~~364,~~175~~761.4534 ~~434~~505,~~896~~412.4311 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~~FeePass-Through Rate 0.00 0.00 0.00 ~~Pass-Through Rate~~ 7.~~373255~~722828 7.~~571300~~901389 7.~~677494~~924629

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~524884~~741013 8.~~479025~~774598 Weighted Average Net Rate 8.~~234643~~441011 8.~~189031~~474636 Weighted Average Maturity ~~351~~349 ~~351~~349 Beginning Loan Count 1,~~693~~687 7,~~227~~198 Loans Paid In Full 210 1135 Ending Loan Count 1,~~691~~996 79,~~216~~389 Beginning Scheduled Balance ~~243~~242,~~736~~073,~~403~~173.8296 1,~~011~~004,~~429~~843,~~198~~466.4391 Ending scheduled Balance ~~242~~323,~~900~~158,~~151~~299.4171 1,~~008~~311,~~605~~890,~~724~~183.5873 Record Date 0406/30/2002 0406/30/2002 Principal And Interest Constant 12,~~869~~560,~~270~~401.1350 710,~~763~~479,~~239~~374.5031 Scheduled Principal ~~137~~194,~~749~~309.7112 ~~616~~838,~~628~~911.6545 Unscheduled Principal ~~698~~1,~~502~~473,688.7041 25,~~206~~685,~~845~~173.2030 Scheduled Interest 12,~~731~~366,~~520~~092.4238 79,~~146~~640,~~610~~462.8586 Servicing Fees 5881,~~951~~206.9555 ~~244~~329,~~423~~560.3460 Master Servicing Fees 0.00 0.00 Trustee Fee ~~837~~812.3155 3,~~312~~296.5003 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~114~~156,~~861~~928.8903 ~~512~~661,~~855~~402.1851 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 12,~~672~~284,~~568~~885.4737 69,~~902~~310,~~187~~900.5183 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing ~~Fee~~FeePass-Through Rate 0.00 0.00 ~~Pass-Through Rate~~ 7.~~666130~~858403 7.~~577552~~869787

Filing Compare · OPTION ONE MORT ACCEPT CORP ASSET BACKED CERT SER 2002-3