8-K 1 opt02004.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 26, 2002 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-03 Pooling and Servicing Agreement) (Commission 52-2365710 (State or other File Number) 52-2365711 jurisdiction IRS EIN of Incorporation) 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 26, 2002 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2002-4 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 2002-4 Trust, relating to the August 26 , 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 ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust By: Wells Fargo Bank, N. A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/29/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2002-4 Trust, relating to the August 26, 2002 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 67/3031/02 Distribution Date: 78/2526/02 OOMC Series: 2002-4 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 A 68389FCM4 SEN 2.~~10000~~09688% ~~273~~271,~~355~~415,~~000~~914.0096 ~~701~~505,~~611~~890.1731 12,~~939~~601,~~085~~186.0435 M1 68389FCN2 MEZ 2.~~44000~~43688% 18,938,000.00 5641,~~477~~021.3290 0.00 M2 68389FCP7 MEZ 2.~~97000~~96688% 18,114,000.00 6547,~~753~~770.8272 0.00 M3 68389FCQ5 MEZ 3.~~64000~~63688% 16,138,000.00 7152,~~796~~170.1764 0.00 C OPT02004C JUN 0.00000% 2,799,888.3100 1,~~323~~559,~~883~~006.6623 0.00 R1 OPT0204R1 JUN 0.00000% 0.00 0.00 0.00 R2 OPT0204R2 JUN 0.00000% 0.00 0.00 0.00 P OPT02004P JUN 0.00000% 100.00 2753,~~233~~838.6281 0.00 Totals ~~329~~327,~~344~~405,~~988~~902.3196 2,~~246~~259,~~755~~698.7661 12,~~939~~601,~~085~~186.0435

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~271~~268,~~415~~814,~~914~~728.9661 23,~~640~~107,~~696~~076.2166 0.00 M1 0.00 18,938,000.00 5641,~~477~~021.3290 0.00 M2 0.00 18,114,000.00 6547,~~753~~770.8272 0.00 M3 0.00 16,138,000.00 7152,~~796~~170.1764 0.00 C 0.00 2,799,888.00 1,~~323~~559,~~883~~006.6623 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 100.00 2753,~~233~~838.6281 0.00 Totals 0.00 ~~327~~324,~~405~~804,~~902~~716.9661 4,~~185~~860,~~840~~884.8096 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) A 273,355,000.00 ~~273~~271,~~355~~415,~~000~~914.0096 0.00 12,~~939~~601,~~085~~186.0435 0.00 0.00 M1 18,938,000.00 18,938,000.00 0.00 0.00 0.00 0.00 M2 18,114,000.00 18,114,000.00 0.00 0.00 0.00 0.00 M3 16,138,000.00 16,138,000.00 0.00 0.00 0.00 0.00 C 2,799,888.31 2,799,888.3100 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 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~329~~327,~~344~~405,~~988~~902.3196 0.00 12,~~939~~601,~~085~~186.0435 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 A 12,~~939~~601,~~085~~186.0435 ~~271~~268,~~415~~814,~~914~~728.9661 0.~~99290635~~98339057 12,~~939~~601,~~085~~186.0435 M1 0.00 18,938,000.00 1.00000000 0.00 M2 0.00 18,114,000.00 1.00000000 0.00 M3 0.00 16,138,000.00 1.00000000 0.00 C 0.00 2,799,888.00 0.99999989 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 12,~~939~~601,~~085~~186.0435 ~~327~~324,~~405~~804,~~902~~716.9661 0.~~99411230~~98621424 12,~~939~~601,~~085~~186.0435

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,355,000.00 ~~1000~~992.~~00000000~~90634874 0.00000000 79.~~09365126~~51578113 0.00000000 M1 18,938,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 18,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 16,138,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 2,799,888.31 ~~1000~~999.~~00000000~~99988928 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 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 A 0.00000000 79.~~09365126~~51578113 ~~992~~983.~~90634874~~39056761 0.~~99290635~~98339057 79.~~09365126~~51578113 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 999.99988928 0.99999989 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 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 A 273,355,000.00 2.~~10000~~09688% ~~273~~271,~~355~~415,~~000~~914.0096 ~~701~~505,~~611~~890.1731 0.00 0.00 M1 18,938,000.00 2.~~44000~~43688% 18,938,000.00 5641,~~477~~021.3290 0.00 0.00 M2 18,114,000.00 2.~~97000~~96688% 18,114,000.00 6547,~~753~~770.8272 0.00 0.00 M3 16,138,000.00 3.~~64000~~63688% 16,138,000.00 7152,~~796~~170.1764 0.00 0.00 C 2,799,888.31 0.00000% 2,799,888.3100 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 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~895~~646,~~638~~853.4857 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 A 0.00 0.00 ~~701~~505,~~611~~890.1731 0.00 ~~271~~268,~~415~~814,~~914~~728.9661 M1 0.00 0.00 5641,~~477~~021.3290 0.00 18,938,000.00 M2 0.00 0.00 6547,~~753~~770.8272 0.00 18,114,000.00 M3 0.00 0.00 7152,~~796~~170.1764 0.00 16,138,000.00 C 0.00 0.00 1,~~323~~559,~~883~~006.6623 0.00 2,799,888.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 2753,~~233~~838.6281 0.00 100.00 Totals 0.00 0.00 2,~~246~~259,~~755~~698.7661 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 A 273,355,000.00 2.~~10000~~09688% ~~1000~~992.~~00000000~~90634874 21.~~56666668~~85067151 0.00000000 0.00000000 M1 18,938,000.00 2.~~44000~~43688% 1000.00000000 2.~~98222199~~16611575 0.00000000 0.00000000 M2 18,114,000.00 2.~~97000~~96688% 1000.00000000 32.~~63000000~~63722645 0.00000000 0.00000000 M3 16,138,000.00 3.~~64000~~63688% 1000.00000000 43.~~44888896~~23278225 0.00000000 0.00000000 C 2,799,888.31 0.00000% ~~1000~~999.~~00000000~~99988928 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 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 A 0.00000000 0.00000000 21.~~56666668~~85067151 0.00000000 ~~992~~983.~~90634874~~39056761 M1 0.00000000 0.00000000 2.~~98222199~~16611575 0.00000000 1000.00000000 M2 0.00000000 0.00000000 32.~~63000000~~63722645 0.00000000 1000.00000000 M3 0.00000000 0.00000000 43.~~44888896~~23278225 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~472~~556.~~83445389~~81015004 0.00000000 999.99988928 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~272336~~538388.~~20000000~~10000000 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 4,~~298~~945,~~166~~783.5029 Liquidations, Insurance Proceeds, Reserve Funds 01.6112 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 2753,~~233~~838.6281 Total Deposits 4,~~325~~999,~~400~~623.7322 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~139~~138,~~559~~738.9326 Payment of Interest and Principal 4,~~185~~860,~~840~~884.8096 Total Withdrawals (Pool Distribution Amount) 4,~~325~~999,~~400~~623.7322 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~137~~136,~~227~~419.0613 Wells Fargo 2,~~332~~319.8713 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~139~~138,~~559~~738.9326

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 01.6112 01.6112 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 13 0 0 13 53327,~~961~~249.7266 0.00 0.00 53327,~~961~~249.7266 30 Days 1230 0 0 0 1230 13,~~751~~202,~~042~~797.6692 0.00 0.00 0.00 13,~~751~~202,~~042~~797.6692 60 Days 0 0 07 0 07 0.00 0.00 0897,993.0005 0.00 0897,993.0005 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 1230 13 07 0 1340 13,~~751~~202,~~042~~797.6692 53327,~~961~~249.7266 0897,993.0005 0.00 14,~~805~~428,~~004~~040.3863 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.~~047259~~142653% 0.000000% 0.000000% 0.~~047259~~142653% 0.~~016479~~100736% 0.000000% 0.000000% 0.~~016479~~100736% 30 Days 01.~~567108~~426534% 0.000000% 0.000000% 0.000000% 01.~~567108~~426534% 0.~~534745~~985901% 0.000000% 0.000000% 0.000000% 0.~~534745~~985901% 60 Days 0.000000% 0.000000% 0.~~000000~~332858% 0.000000% 0.~~000000~~332858% 0.000000% 0.000000% 0.~~000000~~276425% 0.000000% 0.~~000000~~276425% 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 01.~~567108~~426534% 0.~~047259~~142653% 0.~~000000~~332858% 0.000000% 01.~~614367~~902045% 0.~~534745~~985901% 0.~~016479~~100736% 0.~~000000~~276425% 0.000000% 01.~~551224~~363062%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1866,~~561~~466.8820

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~595538~~593358% Weighted Average Net Coupon 8.~~095538~~093358% Weighted Average Pass-Through Rate 8.~~087038~~084858% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 2,~~129~~116 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 2,~~116~~103 Beginning Scheduled Collateral Balance ~~329~~327,~~344~~405,~~988~~902.3196 Ending Scheduled Collateral Balance ~~327~~324,~~405~~804,~~902~~716.9661 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2002 ~~327~~324,~~453~~859,~~782~~914.3979 Monthly P &I Constant 2,~~585~~571,~~646~~509.3700 Special Servicing Fee 0.00 Prepayment Penalties 2753,~~233~~838.6281 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~327~~324,~~405~~804,~~902~~716.9661 Scheduled Principal 226,~~565~~912.1416 Unscheduled Principal 12,~~712~~374,~~520~~274.2119

Credit Enhancement Percentage 17.~~0003765952~~1010625660% Net WAC Rate Carryover Amount 0.00 Trigger Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 12,~~712~~374,~~520~~274.2119 Unscheduled Principal - Involuntary 0.00

Miscellaneous Reporting General Excess Available Amt 1,~~323~~559,~~883~~006.3523 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 2,799,888.00 Excess Overcollateralized Amt 0.3100 Overcollateralization ~~Deficicit~~Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.3100 Target Overcollateralization Amt 2,799,888.00

Filing Compare · OPTION ONE MORTGAGE ACCEPT CORP ASSET BACKED CER SER 2002-4