8-K 1 mam02002.txt SEPTEMBER 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): September 25, 2002 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-05 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction 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 September 25, 2002 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2002-2 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 2002-2 Trust, relating to the September 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 ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/25/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the September 25, 2002 distribution. EX-99.1

Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 MARM Series: 2002-2 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-1 576433AV8 SEN 6.~~06520~~05575% ~~133~~121,~~274~~489,~~126~~533.2469 ~~673~~613,~~611~~091.9256 1115,~~784~~768,~~592~~871.5561 A-R 576433BA3 RES 6.~~06520~~05575% 0.00 0.00 0.00 A-2 576433AW6 SEN 5.~~94898~~93891% ~~111~~102,~~274~~684,~~285~~747.3769 ~~551~~508,~~640~~196.18 86,~~589~~388,~~537~~579.6806 A-3 576433AX4 SEN 5.~~99327~~99328% 4039,~~045~~992,~~882~~709.0903 ~~200~~199,~~004~~739.7656 53699,~~173~~618.0695 A-4 576433AY2 SEN 5.~~28792~~26988% 4844,~~426~~527,~~836~~083.8420 ~~213~~195,~~397~~543.8482 3,~~899~~712,~~753~~265.6482 A-5 576433AZ9 SEN 5.~~66138~~65727% 7161,~~592~~996,~~114~~641.0601 ~~337~~292,~~758~~276.3541 9,~~595~~098,~~473~~958.0552 B-1 576433BB1 SUB 5.~~86021~~85149% 6,~~603~~596,~~275~~839.2733 32,~~247~~167.1578 6,~~435~~480.9463 B-2 576433BC9 SUB 5.~~86021~~85149% 2,~~201~~199,~~757~~611.1418 10,~~752~~725.3083 2,~~145~~160.9686 B-3 576433BD7 SUB 5.~~86021~~85149% 1,~~760~~758,~~607~~891.2526 8,~~597~~576.9478 1,~~715~~727.9991 B-4 576433BE5 SUB 5.~~86021~~85149% ~~880~~879,~~303~~445.63 4,~~298~~288.9739 ~~858~~863.0095 B-5 576433BF2 SUB 5.~~86021~~85149% ~~880~~879,~~303~~445.63 4,~~298~~288.9739 ~~858~~863.0095 B-6 576433BG0 SUB 5.~~86021~~85149% 880,~~990~~130.2257 4,~~302~~291.3273 ~~859~~864.6563 Totals ~~417~~383,~~820~~885,~~481~~078.7422 21,~~040~~873,~~910~~186.7043 3335,~~935~~681,~~403~~255.5289

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~121~~105,~~489~~720,~~533~~662.6908 1216,~~458~~381,~~204~~963.4717 0.00 A-R 0.00 0.00 0.00 0.00 A-2 0.00 ~~102~~96,~~684~~296,~~747~~168.6963 96,~~141~~896,~~177~~775.8624 0.00 A-3 0.00 39,~~992~~293,~~709~~090.0309 ~~253~~899,~~177~~358.8251 0.00 A-4 0.00 4440,~~527~~814,~~083~~817.2038 43,~~113~~907,~~151~~809.4864 0.00 A-5 0.00 6152,~~996~~897,~~641~~682.0149 9,~~933~~391,~~231~~234.4093 0.00 B-1 0.00 6,~~596~~590,~~839~~358.3369 38,~~683~~648.0941 0.00 B-2 0.00 2,~~199~~197,~~611~~450.1831 12,~~898~~886.2669 0.00 B-3 0.00 1,~~758~~757,~~891~~163.2635 10,~~313~~304.9369 0.00 B-4 0.00 ~~879~~878,~~445~~581.6368 5,~~156~~152.9734 0.00 B-5 0.00 ~~879~~878,~~445~~581.6368 5,~~156~~152.9734 0.00 B-6 0.00 ~~880~~879,~~130~~265.5794 5,~~161~~156.9736 0.00 Totals 0.00 ~~383~~348,~~885~~203,~~078~~822.2232 3537,~~976~~554,~~314~~442.2232 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-1 139,777,000.00 ~~133~~121,~~274~~489,~~126~~533.2469 ~~113~~103,~~043~~468.7470 1115,~~671~~665,~~548~~402.8191 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 118,094,000.00 ~~111~~102,~~274~~684,~~285~~747.3769 ~~110~~102,~~525~~982.8410 86,~~479~~285,~~011~~596.8496 0.00 0.00 A-3 40,144,000.00 4039,~~045~~992,~~882~~709.0903 3940,~~835~~109.9271 13659,~~337~~509.1424 0.00 0.00 A-4 50,044,000.00 4844,~~426~~527,~~836~~083.8420 5451,~~853~~038.8992 3,~~844~~661,~~899~~226.7590 0.00 0.00 A-5 79,743,000.00 7161,~~592~~996,~~114~~641.0601 7566,~~852~~218.8109 9,~~519~~032,~~620~~740.2443 0.00 0.00 B-1 6,616,000.00 6,~~603~~596,~~275~~839.2733 6,~~435~~480.9463 0.00 0.00 0.00 B-2 2,206,000.00 2,~~201~~199,~~757~~611.1418 2,~~145~~160.9686 0.00 0.00 0.00 B-3 1,764,000.00 1,~~760~~758,~~607~~891.2526 1,~~715~~727.9991 0.00 0.00 0.00 B-4 882,000.00 ~~880~~879,~~303~~445.63 ~~858~~863.0095 0.00 0.00 0.00 B-5 882,000.00 ~~880~~879,~~303~~445.63 ~~858~~863.0095 0.00 0.00 0.00 B-6 882,686.91 880,~~990~~130.2257 ~~859~~864.6563 0.00 0.00 0.00 Totals 441,034,786.91 ~~417~~383,~~820~~885,~~481~~078.7422 ~~406~~376,~~985~~779.7445 3335,~~528~~304,~~417~~476.7844 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-1 1115,~~784~~768,~~592~~871.5561 ~~121~~105,~~489~~720,~~533~~662.6908 0.~~86916684~~75635235 1115,~~784~~768,~~592~~871.5561 A-R 0.00 0.00 0.00000000 0.00 A-2 86,~~589~~388,~~537~~579.6806 ~~102~~96,~~684~~296,~~747~~168.6963 0.~~86951706~~81541965 86,~~589~~388,~~537~~579.6806 A-3 53699,~~173~~618.0695 39,~~992~~293,~~709~~090.0309 0.~~99623129~~97880356 53699,~~173~~618.0695 A-4 3,~~899~~712,~~753~~265.6482 4440,~~527~~814,~~083~~817.2038 0.~~88975868~~81557864 3,~~899~~712,~~753~~265.6482 A-5 9,~~595~~098,~~473~~958.0552 6152,~~996~~897,~~641~~682.0149 0.~~77745559~~66335205 9,~~595~~098,~~473~~958.0552 B-1 6,~~435~~480.9463 6,~~596~~590,~~839~~358.3369 0.~~99710389~~99612435 6,~~435~~480.9463 B-2 2,~~145~~160.9686 2,~~199~~197,~~611~~450.1831 0.~~99710389~~99612435 2,~~145~~160.9686 B-3 1,~~715~~727.9991 1,~~758~~757,~~891~~163.2635 0.~~99710389~~99612435 1,~~715~~727.9991 B-4 ~~858~~863.0095 ~~879~~878,~~445~~581.6368 0.~~99710389~~99612435 ~~858~~863.0095 B-5 ~~858~~863.0095 ~~879~~878,~~445~~581.6368 0.~~99710389~~99612435 ~~858~~863.0095 B-6 ~~859~~864.6563 ~~880~~879,~~130~~265.5794 0.~~99710391~~99612437 ~~859~~864.6563 Totals 3335,~~935~~681,~~403~~255.5289 ~~383~~348,~~885~~203,~~078~~822.2232 0.~~87041905~~78951555 3335,~~935~~681,~~403~~255.5289

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 139,777,000.00 ~~953~~869.~~47679690~~16684211 0.~~80874350~~74024124 83112.~~50121129~~07425335 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 118,094,000.00 ~~942~~869.~~25181101~~51706005 0.~~93591410~~87203499 7153.~~79883686~~22537098 0.00000000 A-3 40,144,000.00 ~~997~~996.~~55585119~~23129309 0.~~99232563~~99914583 016.~~33223246~~42858808 0.00000000 A-4 50,044,000.00 ~~967~~889.~~68517385~~75867636 1.~~09611322~~01988090 7673.~~83038426~~16015706 0.00000000 A-5 79,743,000.00 ~~897~~777.~~78556187~~45558870 0.~~95121591~~83039376 ~~119~~113.~~37875726~~27314535 0.00000000 B-1 6,616,000.00 ~~998~~997.~~07667322~~10388906 0.~~97278416~~97953900 0.00000000 0.00000000 B-2 2,206,000.00 ~~998~~997.~~07667271~~10388939 0.~~97278332~~97953762 0.00000000 0.00000000 B-3 1,764,000.00 ~~998~~997.~~07667234~~10388889 0.~~97278345~~97954082 0.00000000 0.00000000 B-4 882,000.00 ~~998~~997.~~07667800~~10388889 0.~~97278912~~97953515 0.00000000 0.00000000 B-5 882,000.00 ~~998~~997.~~07667800~~10388889 0.~~97278912~~97953515 0.00000000 0.00000000 B-6 882,686.91 ~~998~~997.~~07781221~~10391083 0.~~97390138~~97954324 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-1 0.00000000 84112.~~30995479~~81449459 ~~869~~756.~~16684211~~35234752 0.~~86916684~~75635235 84112.~~30995479~~81449459 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 7254.~~73475096~~09740596 ~~869~~815.~~51706005~~41965409 0.~~86951706~~81541965 7254.~~73475096~~09740596 A-3 0.00000000 117.~~32455809~~42773391 ~~996~~978.~~23129309~~80355944 0.~~99623129~~97880356 117.~~32455809~~42773391 A-4 0.00000000 7774.~~92649748~~18003797 ~~889~~815.~~75867636~~57863840 0.~~88975868~~81557864 7774.~~92649748~~18003797 A-5 0.00000000 ~~120~~114.~~32997316~~10353912 ~~777~~663.~~45558870~~35204958 0.~~77745559~~66335205 ~~120~~114.~~32997316~~10353912 B-1 0.00000000 0.~~97278416~~97953900 ~~997~~996.~~10388906~~12434855 0.~~99710389~~99612435 0.~~97278416~~97953900 B-2 0.00000000 0.~~97278332~~97953762 ~~997~~996.~~10388939~~12434723 0.~~99710389~~99612435 0.~~97278332~~97953762 B-3 0.00000000 0.~~97278345~~97954082 ~~997~~996.~~10388889~~12434807 0.~~99710389~~99612435 0.~~97278345~~97954082 B-4 0.00000000 0.~~97278912~~97953515 ~~997~~996.~~10388889~~12435374 0.~~99710389~~99612435 0.~~97278912~~97953515 B-5 0.00000000 0.~~97278912~~97953515 ~~997~~996.~~10388889~~12435374 0.~~99710389~~99612435 0.~~97278912~~97953515 B-6 0.00000000 0.~~97390138~~97954324 ~~997~~996.~~10391083~~12436759 0.~~99710391~~99612437 0.~~97390138~~97954324 (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-1 139,777,000.00 6.~~06520~~05575% ~~133~~121,~~274~~489,~~126~~533.2469 ~~673~~613,~~611~~091.9256 0.00 0.00 A-R 100.00 6.~~06520~~05575% 0.00 0.00 0.00 0.00 A-2 118,094,000.00 5.~~94898~~93891% ~~111~~102,~~274~~684,~~285~~747.3769 ~~551~~508,~~640~~196.18 0.00 0.00 A-3 40,144,000.00 5.~~99327~~99328% 4039,~~045~~992,~~882~~709.0903 ~~200~~199,~~004~~739.7656 0.00 0.00 A-4 50,044,000.00 5.~~28792~~26988% 4844,~~426~~527,~~836~~083.8420 ~~213~~195,~~397~~543.8482 0.00 0.00 A-5 79,743,000.00 5.~~66138~~65727% 7161,~~592~~996,~~114~~641.0601 ~~337~~292,~~758~~276.3541 0.00 0.00 B-1 6,616,000.00 5.~~86021~~85149% 6,~~603~~596,~~275~~839.2733 32,~~247~~167.1578 0.00 0.00 B-2 2,206,000.00 5.~~86021~~85149% 2,~~201~~199,~~757~~611.1418 10,~~752~~725.3083 0.00 0.00 B-3 1,764,000.00 5.~~86021~~85149% 1,~~760~~758,~~607~~891.2526 8,~~597~~576.9478 0.00 0.00 B-4 882,000.00 5.~~86021~~85149% ~~880~~879,~~303~~445.63 4,~~298~~288.9739 0.00 0.00 B-5 882,000.00 5.~~86021~~85149% ~~880~~879,~~303~~445.63 4,~~298~~288.9739 0.00 0.00 B-6 882,686.91 5.~~86021~~85149% 880,~~990~~130.2257 4,~~302~~291.3273 0.00 0.00 Totals 441,034,786.91 21,~~040~~873,~~910~~186.7043 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-1 0.00 0.00 ~~673~~613,~~611~~091.9256 0.00 ~~121~~105,~~489~~720,~~533~~662.6908 A-R 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 ~~551~~508,~~640~~196.18 0.00 ~~102~~96,~~684~~296,~~747~~168.6963 A-3 0.00 0.00 ~~200~~199,~~004~~739.7656 0.00 39,~~992~~293,~~709~~090.0309 A-4 0.00 0.00 ~~213~~195,~~397~~543.8482 0.00 4440,~~527~~814,~~083~~817.2038 A-5 0.00 0.00 ~~337~~292,~~758~~276.3541 0.00 6152,~~996~~897,~~641~~682.0149 B-1 0.00 0.00 32,~~247~~167.1578 0.00 6,~~596~~590,~~839~~358.3369 B-2 0.00 0.00 10,~~752~~725.3083 0.00 2,~~199~~197,~~611~~450.1831 B-3 0.00 0.00 8,~~597~~576.9478 0.00 1,~~758~~757,~~891~~163.2635 B-4 0.00 0.00 4,~~298~~288.9739 0.00 ~~879~~878,~~445~~581.6368 B-5 0.00 0.00 4,~~298~~288.9739 0.00 ~~879~~878,~~445~~581.6368 B-6 0.00 0.00 4,~~302~~291.3273 0.00 ~~880~~879,~~130~~265.5794 Totals 0.00 0.00 21,~~040~~873,~~910~~186.7043 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-1 139,777,000.00 6.~~06520~~05575% ~~953~~869.~~47679690~~16684211 4.~~81919000~~38621204 0.00000000 0.00000000 A-R 100.00 6.~~06520~~05575% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 118,094,000.00 5.~~94898~~93891% ~~942~~869.~~25181101~~51706005 4.~~67119566~~30331922 0.00000000 0.00000000 A-3 40,144,000.00 5.~~99327~~99328% ~~997~~996.~~55585119~~23129309 4.~~98218314~~97557692 0.00000000 0.00000000 A-4 50,044,000.00 5.~~28792~~26988% ~~967~~889.~~68517385~~75867636 43.~~26420430~~90743785 0.00000000 0.00000000 A-5 79,743,000.00 5.~~66138~~65727% ~~897~~777.~~78556187~~45558870 43.~~23558620~~66522968 0.00000000 0.00000000 B-1 6,616,000.00 5.~~86021~~85149% ~~998~~997.~~07667322~~10388906 4.~~87411578~~86211911 0.00000000 0.00000000 B-2 2,206,000.00 5.~~86021~~85149% ~~998~~997.~~07667271~~10388939 4.~~87411605~~86211695 0.00000000 0.00000000 B-3 1,764,000.00 5.~~86021~~85149% ~~998~~997.~~07667234~~10388889 4.~~87411565~~86212018 0.00000000 0.00000000 B-4 882,000.00 5.~~86021~~85149% ~~998~~997.~~07667800~~10388889 4.~~87411565~~86212018 0.00000000 0.00000000 B-5 882,000.00 5.~~86021~~85149% ~~998~~997.~~07667800~~10388889 4.~~87411565~~86212018 0.00000000 0.00000000 B-6 882,686.91 5.~~86021~~85149% ~~998~~997.~~07781221~~10391083 4.~~87411782~~86212036 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-1 0.00000000 0.00000000 4.~~81919000~~38621204 0.00000000 ~~869~~756.~~16684211~~35234752 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 4.~~67119566~~30331922 0.00000000 ~~869~~815.~~51706005~~41965409 A-3 0.00000000 0.00000000 4.~~98218314~~97557692 0.00000000 ~~996~~978.~~23129309~~80355944 A-4 0.00000000 0.00000000 43.~~26420430~~90743785 0.00000000 ~~889~~815.~~75867636~~57863840 A-5 0.00000000 0.00000000 43.~~23558620~~66522968 0.00000000 ~~777~~663.~~45558870~~35204958 B-1 0.00000000 0.00000000 4.~~87411578~~86211911 0.00000000 ~~997~~996.~~10388906~~12434855 B-2 0.00000000 0.00000000 4.~~87411605~~86211695 0.00000000 ~~997~~996.~~10388939~~12434723 B-3 0.00000000 0.00000000 4.~~87411565~~86212018 0.00000000 ~~997~~996.~~10388889~~12434807 B-4 0.00000000 0.00000000 4.~~87411565~~86212018 0.00000000 ~~997~~996.~~10388889~~12435374 B-5 0.00000000 0.00000000 4.~~87411565~~86212018 0.00000000 ~~997~~996.~~10388889~~12435374 B-6 0.00000000 0.00000000 4.~~87411782~~86212036 0.00000000 ~~997~~996.~~10391083~~12436759 (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 3637,~~062~~634,~~556~~248.1386 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1311,~~539~~688.7196 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3637,~~076~~645,~~095~~937.8482 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 9991,~~781~~495.6250 Payment of Interest and Principal 3537,~~976~~554,~~314~~442.2232 Total Withdrawals (Pool Distribution Amount) 3637,~~076~~645,~~095~~937.8482 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9991,~~781~~495.6250 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9991,~~781~~495.6250

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 56 0 0 0 56 2,~~456~~081,~~086~~625.4647 0.00 0.00 0.00 2,~~456~~081,~~086~~625.4647 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 56 0 0 0 56 2,~~456~~081,~~086~~625.4647 0.00 0.00 0.00 2,~~456~~081,~~086~~625.4647 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.~~539374~~701754% 0.000000% 0.000000% 0.000000% 0.~~539374~~701754% 0.~~639320~~597356% 0.000000% 0.000000% 0.000000% 0.~~639320~~597356% 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.~~539374~~701754% 0.000000% 0.000000% 0.000000% 0.~~539374~~701754% 0.~~639320~~597356% 0.000000% 0.000000% 0.000000% 0.~~639320~~597356%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 20 0 0 0 20 ~~1,175,078~~0.7900 0.00 0.00 0.00 ~~1,175,078~~0.7900 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 20 0 0 0 20 ~~1,175,078~~0.7900 0.00 0.00 0.00 ~~1,175,078~~0.7900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~763359~~000000% 0.000000% 0.000000% 0.000000% 0.~~763359~~000000% 0.~~933470~~000000% 0.000000% 0.000000% 0.000000% 0.~~933470~~000000% 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.~~763359~~000000% 0.000000% 0.000000% 0.000000% 0.~~763359~~000000% 0.~~933470~~000000% 0.000000% 0.000000% 0.000000% 0.~~933470~~000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 14 0 0 0 14 ~~309~~1,~~410~~286,295.19 0.00 0.00 0.00 ~~309~~1,~~410~~286,295.19 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 14 0 0 0 14 ~~309~~1,~~410~~286,295.19 0.00 0.00 0.00 ~~309~~1,~~410~~286,295.19 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~340136~~428571% 0.000000% 0.000000% 0.000000% 01.~~340136~~428571% 01.~~290775~~286082% 0.000000% 0.000000% 0.000000% 01.~~290775~~286082% 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 01.~~340136~~428571% 0.000000% 0.000000% 0.000000% 01.~~340136~~428571% 01.~~290775~~286082% 0.000000% 0.000000% 0.000000% 01.~~290775~~286082% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~563~~326,~~092~~812.1573 0.00 0.00 0.00 ~~563~~326,~~092~~812.1573 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 1 0 0 0 1 ~~563~~326,~~092~~812.1573 0.00 0.00 0.00 ~~563~~326,~~092~~812.1573 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~052632~~149425% 0.000000% 0.000000% 0.000000% 1.~~052632~~149425% 10.~~221249~~770975% 0.000000% 0.000000% 0.000000% 10.~~221249~~770975% 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 1.~~052632~~149425% 0.000000% 0.000000% 0.000000% 1.~~052632~~149425% 10.~~221249~~770975% 0.000000% 0.000000% 0.000000% 10.~~221249~~770975% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~408~~468,~~505~~517.3355 0.00 0.00 0.00 ~~408~~468,~~505~~517.3355 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 1 0 0 0 1 ~~408~~468,~~505~~517.3355 0.00 0.00 0.00 ~~408~~468,~~505~~517.3355 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~584795~~662252% 0.000000% 0.000000% 0.000000% 0.~~584795~~662252% 0.~~633238~~845686% 0.000000% 0.000000% 0.000000% 0.~~633238~~845686% 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.~~584795~~662252% 0.000000% 0.000000% 0.000000% 0.~~584795~~662252% 0.~~633238~~845686% 0.000000% 0.000000% 0.000000% 0.~~633238~~845686%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1311,~~539~~688.7196

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02267395% 100,000.00 0.~~02604946~~02871881% Fraud 7,683,932.00 1.74225078% 8,820,696.00 2.~~29774391~~53319907% Special Hazard 8,820,696.00 2.00000006% 7,683,932.00 2.~~00162299~~20673396% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~148169~~141469% Weighted Average Net Coupon 5.~~861591~~855460% Weighted Average Pass-Through Rate 5.~~861591~~855460% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count ~~994~~927 Number Of Loans Paid In Full 6772 Ending Scheduled Collateral Loan Count ~~927~~855 Beginning Scheduled Collateral Balance ~~417~~383,~~820~~885,~~480~~078.7522 Ending Scheduled Collateral Balance ~~383~~348,~~885~~203,~~078~~822.2234 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~384~~348,~~171~~473,~~704~~266.8010 Monthly P &I Constant 2,~~547~~341,~~677~~461.0738 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~383~~348,~~885~~203,~~078~~822.2234 Scheduled Principal ~~406~~376,~~984~~779.7646 Unscheduled Principal 3335,~~528~~304,~~417~~476.7843

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~381342~~370361 6.~~198977~~188909 6.~~243268~~243279 Weighted Average Net Rate 6.~~065201~~055747 5.~~948977~~938910 5.~~993268~~993279 ~~Pass-Through Rate 6.065201 5.948977 5.993268~~ Weighted Average Maturity ~~355~~354 ~~355~~ 354 353 Beginning Loan Count ~~283~~262 ~~311~~294 105 Loans Paid In Full 2129 1714 01 Ending Loan Count ~~262~~233 ~~294~~280 ~~105~~104 Beginning Scheduled Balance ~~137~~125,~~589~~801,~~970~~716.2093 ~~114~~106,~~919~~326,~~999~~840.1730 41,~~285~~231,~~683~~277.8549 Ending scheduled Balance ~~125~~110,~~801~~029,~~716~~172.9379 ~~106~~99,~~326~~934,~~840~~608.3060 4140,~~231~~530,~~277~~416.4935 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant ~~848~~774,~~378~~976.3451 ~~707~~655,~~802~~007.4339 255,867.22 Scheduled Principal ~~116~~107,~~704~~141.4725 ~~114~~106,~~147~~634.0374 41,~~069~~351.2290 Unscheduled Principal 1115,~~671~~665,~~548~~402.8190 86,~~479~~285,~~011~~596.8496 13659,~~337~~509.1424 Scheduled Interest ~~731~~667,~~673~~835.8827 ~~593~~548,~~655~~372.4065 214,~~798~~515.0032 Servicing Fees 3632,~~248~~982.2446 2322,~~941~~151.6641 8,~~601~~589.2086 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 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 ~~695~~634,~~425~~852.6481 ~~569~~526,~~713~~221.7424 ~~206~~205,~~196~~925.8046 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 6.055747 5.938909 5.993279

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~658449~~640036 5.~~913533~~909743 6.~~148169~~141469 Weighted Average Net Rate 5.~~287924~~269884 5.~~661378~~657269 5.~~861591~~855460 ~~Pass-Through Rate 5.287924 5.661378 5.861591~~ Weighted Average Maturity ~~355~~ 354 ~~355~~353 354 Beginning Loan Count ~~102~~95 ~~193~~171 ~~994~~927 Loans Paid In Full 78 2220 6772 Ending Loan Count 9587 ~~171~~151 ~~927~~855 Beginning Scheduled Balance 4946,~~971~~069,~~327~~823.0089 7464,~~053~~455,~~500~~419.5361 ~~417~~383,~~820~~885,~~480~~078.7522 Ending scheduled Balance 4642,~~069~~355,~~823~~789.8971 6455,~~455~~353,~~419~~834.6189 ~~383~~348,~~885~~203,~~078~~822.2234 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant ~~292~~269,~~236~~336.8683 ~~443~~386,~~392~~273.2243 2,~~547~~341,~~677~~461.0738 Scheduled Principal 5652,~~603~~807.3628 7868,~~460~~844.6829 ~~406~~376,~~984~~779.7646 Unscheduled Principal 3,~~844~~661,~~899~~226.7590 9,~~519~~032,~~620~~740.2443 3335,~~528~~304,~~417~~476.7843 Scheduled Interest ~~235~~216,~~633~~529.5055 ~~364~~317,~~931~~429.5414 21,~~140~~964,~~692~~681.3293 Servicing Fees 1514,~~429~~210.7069 1513,~~560~~561.8208 9991,~~781~~495.6250 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 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 ~~220~~202,~~203~~318.8086 ~~349~~303,~~370~~868.7206 21,~~040~~873,~~910~~186.7043 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 5.269884 5.657269 5.855460

Miscellaneous Reporting Group Group 1 Senior Percentage Group 1 96.~~863257~~572238% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 3.~~136743~~427762% Group Group 2 Senior Percentage Group 2 96.~~827607~~574625% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 3.~~172393~~425375% Group Group 3 Senior Percentage Group 3 96.~~997018~~996046% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 3.~~002982~~003954% Group Group 4 Senior Percentage Group 4 96.651299% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 3.348701% Group Group 5 Senior Percentage Group 5 96.185304% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 3.814696%

Miscellaneous Reporting Group Group 4 Senior Percentage Group 4 96.909247% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 3.090753% Group Group 5 Senior Percentage Group 5 96.676205% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 3.323795%

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2002-2