8-K 1 abs02he2.txt AUGUST 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 15, 2002 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certs., Series 2002-HE2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-86750-01 Pooling and Servicing Agreement) (Commission (State or other File Number) 52-2365569 jurisdiction 52-2365566 of Incorporation) 52-2365568 52-2365570 52-2365567 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On August 15, 2002 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset-Backed Pass-Through Certs., Series 2002-HE2 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 Pass- Through Certs., Series 2002-HE2 Trust, relating to the August 15, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certs., Series 2002-HE2 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/27/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Pass-Through Certss., Series 2002-HE2 Trust, relating to the August 15, 2002 distribution. EX-99.1

Asset Backed Securities Corp Home Equity Loan Trust Mortgage Pass-Through Certificates Record Date: 67/3031/02 Distribution Date: 78/15/02 ABSC Series: 2002-HE2 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 R 045413CZ2 RES 0.00000% 0.00 0.00 0.00 A-IO 045413CU3 SEN IO 6.50000% 0.00 ~~592~~577,~~583~~416.3367 0.00 B-IO 045413DA6 SUB IO 3.50000% 0.00 204,166.67 0.00 A1 045413CT6 SEN 2.~~14000~~13875% ~~357~~354,~~582~~824,~~226~~927.1306 ~~595~~653,~~175~~481.7556 23,~~757~~666,~~299~~456.0745 A2 045413DB4 SEN 2.~~15000~~14875% ~~357~~355,~~734~~075,~~874~~767.4709 ~~598~~657,~~212~~001.2113 24,~~659~~901,~~107~~131.3895 M1 045413CV1 MEZ 2.~~54000~~53875% 62,161,000.00 ~~122~~135,~~802~~893.5101 0.00 M2 045413DC2 MEZ 2.~~97000~~96875% 45,020,000.00 ~~103~~115,~~996~~090.2019 0.00 B 045413CW9 SUB 3.~~99000~~98875% 34,295,390.00 ~~106~~117,~~430~~796.0233 0.00 X 045413CX7 SUB OC 0.00000% 0.00 5.4160 0.00 P 045413CY5 SEN 0.00000% 100.00 1543,~~716~~367.0394 0.00 Totals ~~856~~851,~~793~~377,~~590~~184.6015 2,~~339~~504,~~088~~219.1310 58,~~416~~567,~~406~~588.4540

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 ~~592~~577,~~583~~416.3367 0.00 B-IO 0.00 0.00 204,166.67 0.00 A1 0.00 ~~354~~351,~~824~~158,~~927~~470.0661 34,~~352~~319,~~474~~938.8201 0.00 A2 0.00 ~~355~~350,~~075~~174,~~767~~635.0914 35,~~257~~558,~~319~~133.5908 0.00 M1 0.00 62,161,000.00 ~~122~~135,~~802~~893.5101 0.00 M2 0.00 45,020,000.00 ~~103~~115,~~996~~090.2019 0.00 B 0.00 34,295,390.00 ~~106~~117,~~430~~796.0233 0.00 X 0.00 0.0001 5.4160 0.00 P 0.00 100.00 1543,~~716~~367.0394 0.00 Totals 0.00 ~~851~~842,~~377~~809,~~184~~595.1576 711,~~755~~071,~~494~~807.5850 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 A1 357,948,000.00 ~~357~~354,~~582~~824,~~226~~927.1306 0.00 23,~~757~~666,~~299~~456.0745 0.00 0.00 A2 357,948,000.00 ~~357~~355,~~734~~075,~~874~~767.4709 0.00 24,~~659~~901,~~107~~131.3895 0.00 0.00 M1 62,161,000.00 62,161,000.00 0.00 0.00 0.00 0.00 M2 45,020,000.00 45,020,000.00 0.00 0.00 0.00 0.00 B 34,295,390.00 34,295,390.00 0.00 0.00 0.00 0.00 X 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 857,372,490.00 ~~856~~851,~~793~~377,~~590~~184.6015 0.00 58,~~416~~567,~~406~~588.4540 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 R 0.00 0.00 0.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 A1 23,~~757~~666,~~299~~456.0745 ~~354~~351,~~824~~158,~~927~~470.0661 0.~~99127507~~98103208 23,~~757~~666,~~299~~456.0745 A2 24,~~659~~901,~~107~~131.3895 ~~355~~350,~~075~~174,~~767~~635.0914 0.~~99197584~~97828354 24,~~659~~901,~~107~~131.3895 M1 0.00 62,161,000.00 1.00000000 0.00 M2 0.00 45,020,000.00 1.00000000 0.00 B 0.00 34,295,390.00 1.00000000 0.00 X 0.00 0.0001 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 58,~~416~~567,~~406~~588.4540 ~~851~~842,~~377~~809,~~184~~595.1576 0.~~99300735~~98301451 58,~~416~~567,~~406~~588.4540

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 357,948,000.00 ~~998~~991.~~97813685~~27506526 0.00000000 710.~~70307159~~24298627 0.00000000 A2 357,948,000.00 ~~999~~991.~~40459081~~97583752 0.00000000 713.~~42875328~~69230154 0.00000000 M1 62,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 45,020,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 34,295,390.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 710.~~70307159~~24298627 ~~991~~981.~~27506526~~03207899 0.~~99127507~~98103208 710.~~70307159~~24298627 A2 0.00000000 713.~~42875328~~69230154 ~~991~~978.~~97583752~~28353599 0.~~99197584~~97828354 713.~~42875328~~69230154 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A-IO 0.00 6.50000% ~~109~~106,~~400~~600,000.00 ~~592~~577,~~583~~416.3367 0.00 0.00 B-IO 0.00 3.50000% 70,000,000.00 204,166.67 0.00 0.00 A1 357,948,000.00 2.~~14000~~13875% ~~357~~354,~~582~~824,~~226~~927.1306 ~~595~~653,~~175~~481.7556 0.00 0.00 A2 357,948,000.00 2.~~15000~~14875% ~~357~~355,~~734~~075,~~874~~767.4709 ~~598~~657,~~212~~001.2113 0.00 0.00 M1 62,161,000.00 2.~~54000~~53875% 62,161,000.00 ~~122~~135,~~802~~893.5101 0.00 0.00 M2 45,020,000.00 2.~~97000~~96875% 45,020,000.00 ~~103~~115,~~996~~090.2019 0.00 0.00 B 34,295,390.00 3.~~99000~~98875% 34,295,390.00 ~~106~~117,~~430~~796.0333 0.00 0.00 X 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 857,372,490.00 2,~~323~~460,~~366~~845.7056 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 R 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 ~~592~~577,~~583~~416.3367 0.00 ~~106~~103,~~600~~900,000.00 B-IO 0.00 0.00 204,166.67 0.00 70,000,000.00 A1 0.00 0.00 ~~595~~653,~~175~~481.7556 0.00 ~~354~~351,~~824~~158,~~927~~470.0661 A2 0.00 0.00 ~~598~~657,~~212~~001.2113 0.00 ~~355~~350,~~075~~174,~~767~~635.0914 M1 0.00 0.00 ~~122~~135,~~802~~893.5101 0.00 62,161,000.00 M2 0.00 0.00 ~~103~~115,~~996~~090.2019 0.00 45,020,000.00 B 0.00 0.00 ~~106~~117,~~430~~796.0233 0.00 34,295,390.00 X 0.00 0.00 5.4160 0.00 0.0001 P 0.00 0.00 1543,~~716~~367.0394 0.00 100.00 Totals 0.00 0.00 2,~~339~~504,~~088~~219.1310 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 6.50000% ~~975~~950.~~21839900~~25851310 5.~~28243296~~14723364 0.00000000 0.00000000 B-IO 0.00 3.50000% 1000.00000000 2.91666671 0.00000000 0.00000000 A1 357,948,000.00 2.~~14000~~13875% ~~998~~991.~~97813685~~27506526 1.~~66274361~~82563266 0.00000000 0.00000000 A2 357,948,000.00 2.~~15000~~14875% ~~999~~991.~~40459081~~97583752 1.~~67122657~~83546529 0.00000000 0.00000000 M1 62,161,000.00 2.~~54000~~53875% 1000.00000000 12.~~97555557~~18614581 0.00000000 0.00000000 M2 45,020,000.00 2.~~97000~~96875% 1000.00000000 2.~~31000000~~55642359 0.00000000 0.00000000 B 34,295,390.00 3.~~99000~~98875% 1000.00000000 3.~~10333342~~43475697 0.00000000 0.00000000 X 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 (2) All Classes are per $1,000 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 5.~~28243296~~14723364 0.00000000 ~~950~~926.~~25851310~~19005170 B-IO 0.00000000 0.00000000 2.91666671 0.00000000 1000.00000000 A1 0.00000000 0.00000000 1.~~66274361~~82563266 0.00000000 ~~991~~981.~~27506526~~03207899 A2 0.00000000 0.00000000 1.~~67122657~~83546529 0.00000000 ~~991~~978.~~97583752~~28353599 M1 0.00000000 0.00000000 12.~~97555557~~18614581 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~31000000~~55642359 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~10333313~~43475697 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~157160~~433679.~~30000000~~40000000 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 711,~~649~~318,~~981~~355.5747 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~477~~95,~~104~~944.2744 Realized Losses 0.00 Prepayment Penalties 1543,~~716~~367.0394 Total Deposits 811,~~142~~457,~~801~~667.8785 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~387~~385,~~307~~860.2935 Payment of Interest and Principal 711,~~755~~071,~~494~~807.5850 Total Withdrawals (Pool Distribution Amount) 811,~~142~~457,~~801~~667.8785 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 356,~~966~~225.0497 Strip Amount 3029,~~341~~634.2538 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~387~~385,~~307~~860.2935

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 5.4160 5.4160 5,000.00

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 60 0 0 60 ~~367,924~~0.1300 0.00 0.00 ~~367,924~~0.1300 30 Days ~~410~~103 20 10 0 ~~413~~103 5711,~~284~~429,~~571~~837.5558 ~~102,900~~0.00 ~~36,523~~0.6500 0.00 5711,~~423~~429,~~995~~837.2058 60 Days 12 0 10 0 2 84106,~~500~~852.0003 0.00 ~~84,500~~0.00 0.00 ~~169~~106,~~000~~852.0003 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 ~~411~~105 80 20 0 ~~421~~105 5711,~~369~~536,~~071~~689.5561 ~~470,824~~0.1300 ~~121,023~~0.6500 0.00 5711,~~960~~536,~~919~~689.3361 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.~~097991~~000000% 0.000000% 0.000000% 0.~~097991~~000000% 0.~~043035~~000000% 0.000000% 0.000000% 0.~~043035~~000000% 30 Days 61.~~696064~~692409% 0.~~032664~~000000% 0.~~016332~~000000% 0.000000% 61.~~745060~~692409% 61.~~700402~~345018% 0.~~012036~~000000% 0.~~004272~~000000% 0.000000% 61.~~716710~~345018% 60 Days 0.~~016332~~032862% 0.000000% 0.~~016332~~000000% 0.000000% 0.~~032664~~032862% 0.~~009884~~012574% 0.000000% 0.~~009884~~000000% 0.000000% 0.~~019767~~012574% 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 61.~~712396~~725271% 0.~~130655~~000000% 0.~~032664~~000000% 0.000000% 61.~~875715~~725271% 61.~~710285~~357592% 0.~~055071~~000000% 0.~~014156~~000000% 0.000000% 61.~~779512~~357592% The 90 day category for delinquent, bankruptcy, foreclosure, and REO contains loans that are 90 days or more delinquent.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~477~~95,~~104~~944.2744

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 8.~~790516~~789896% Weighted Average Net Coupon 8.~~290515~~289896% Weighted Average Pass-Through Rate 8.~~248016~~248301% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 56,~~180~~123 Number Of Loans Paid In Full ~~(943)~~37 Ending Scheduled Collateral Loan Count 6,~~123~~086 Beginning Scheduled Collateral Balance ~~716~~854,~~793~~942,~~590~~340.6158 Ending Scheduled Collateral Balance ~~854~~849,~~942~~790,~~340~~424.5868 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2002 ~~854~~849,~~942~~790,~~340~~424.5868 Monthly P &I Constant 6,~~844~~836,~~072~~756.8153 Special Servicing Fee 0.00 Prepayment Penalties 1543,~~716~~367.0394 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~854~~849,~~942~~790,~~340~~424.5868 Scheduled Principal ~~568~~574,~~242~~378.4411 Unscheduled Principal 14,~~207~~577,~~821~~537.9979 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 15,004,019.00 Overcollateralized Amount 36,~~565~~980,~~156~~828.4493 Overcollateralized Deficiency Amount 1511,~~004~~438,~~019~~862.0057 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 3,~~565~~415,~~156~~672.4450 Excess Cash Amount 3,~~565~~415,~~156~~672.4450

~~Miscellaneous~~Group ~~Reporting~~Level ~~Credit~~Collateral ~~Enhancement~~Statement ~~Percentage~~Group 161 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 8.~~965068%~~663877 ~~Payment~~8.915845 ~~under~~8.789896 ~~the~~Weighted ~~CAP~~Average ~~Agreement~~Net $0Rate 8.00163877 A18.415845 ~~PTR~~8.289896 ~~for~~Weighted ~~next~~Average ~~Distribution~~Maturity ~~Date~~(3) (3) 346 Beginning Loan Count 2~~.13875%~~,577 A23,546 ~~PTR~~6,123 ~~for~~Loans ~~next~~Paid ~~Distribution~~In ~~Date~~Full 14 23 37 Ending Loan Count 2,563 3,523 6,086 Beginning Scheduled Balance 427,352,774.~~14875%~~24 B427,589,566.34 ~~PTR~~854,942,340.58 ~~for~~Ending ~~next~~scheduled ~~Distribution~~Balance 425,148,037.69 424,642,386.99 849,790,424.68 Record Date 07/31/2002 07/31/2002 07/31/2002 Principal And Interest Constant 3,395,010.~~98875%~~98 M13,441,745.55 ~~PTR~~6,836,756.53 ~~for~~Scheduled ~~next~~Principal ~~Distribution~~309,567.87 ~~Date~~264,810.24 2574,378.~~53875%~~11 M2Unscheduled ~~PTR~~Principal ~~for~~1,895,168.68 ~~next~~2,682,369.11 ~~Distribution~~4,577,537.79 DaScheduled 2Interest 3,128,811.~~96875%~~05 ~~Prefunding~~3,176,935.31 ~~Account~~6,305,746.36 ~~Balance~~Servicing ~~$75~~Fees 178,~~185~~063.5765 ~~Subsequent~~178,162.32 ~~Transfer~~356,225.97 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount ~~$139~~0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 2,~~924~~950,~~814~~747.4340 2,998,772.99 5,949,520.39 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.163877 8.415845 8.248301

Filing Compare · ASSET BACKED PASS THROUGH CERTIFICATES SERIES 2002 HE2