8-K 1 opt02003.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 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 September 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 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. 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: 9/25/02 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 September 25, 2002 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 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.~~08688~~06000% ~~816~~809,~~411~~903,~~294~~690.5519 1,~~514~~390,~~446~~334.5867 67,~~507~~353,~~604~~689.3685 A2 68389FCG7 SEN 2.~~10688~~08000% ~~349~~345,~~728~~813,~~889~~606.1844 ~~654~~599,~~966~~410.0525 32,~~915~~831,~~282~~885.7498 S 68389FCL6 SEN 5.50000% 0.00 607,291.67 0.00 M1 68389FCH5 MEZ 2.~~48688~~46000% 53,000,000.00 ~~117~~108,~~159~~650.6800 0.00 M2 68389FCJ1 MEZ 2.~~96688~~94000% 46,375,000.00 ~~122~~113,~~301~~618.3975 0.00 M3 68389FCK8 MEZ 3.~~68688~~66000% 39,750,000.00 ~~130~~121,~~269~~237.7650 0.00 C OPT02003C JUN 0.00000% 6,624,900.00 5,~~455~~592,~~907~~110.3272 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 ~~179~~238,~~601~~157.6063 0.00 Totals 1,~~311~~301,~~890~~467,~~183~~296.7363 8,~~781~~770,~~944~~811.0519 10,~~422~~185,~~887~~575.1083

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~809~~802,~~903~~550,~~690~~000.1934 8,~~022~~744,~~050~~024.9452 0.00 A2 0.00 ~~345~~342,~~813~~981,~~606~~720.4446 43,~~570~~431,~~248~~296.7923 0.00 S 0.00 0.00 607,291.67 0.00 M1 0.00 53,000,000.00 ~~117~~108,~~159~~650.6800 0.00 M2 0.00 46,375,000.00 ~~122~~113,~~301~~618.3975 0.00 M3 0.00 39,750,000.00 ~~130~~121,~~269~~237.7650 0.00 C 0.00 6,624,900.00 5,~~455~~592,~~907~~110.3272 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 ~~179~~238,~~601~~157.6063 0.00 Totals 0.00 1,~~301~~291,~~467~~281,~~296~~720.6380 1918,~~204~~956,~~831~~387.1502 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 ~~816~~809,~~411~~903,~~294~~690.5519 0.00 67,~~507~~353,~~604~~689.3685 0.00 0.00 A2 353,750,000.00 ~~349~~345,~~728~~813,~~889~~606.1844 0.00 32,~~915~~831,~~282~~885.7498 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,~~311~~301,~~890~~467,~~183~~296.7363 0.00 10,~~422~~185,~~887~~575.1083 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 67,~~507~~353,~~604~~689.3685 ~~809~~802,~~903~~550,~~690~~000.1934 0.~~98110683~~97219867 67,~~507~~353,~~604~~689.3685 A2 32,~~915~~831,~~282~~885.7498 ~~345~~342,~~813~~981,~~606~~720.4446 0.~~97756497~~96955963 32,~~915~~831,~~282~~885.7498 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 10,~~422~~185,~~887~~575.1083 1,~~301~~291,~~467~~281,~~296~~720.6380 0.~~98223947~~97455224 10,~~422~~185,~~887~~575.1083

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 825,500,000.00 ~~988~~981.~~99006002~~10683245 0.00000000 78.~~88322757~~90816457 0.00000000 A2 353,750,000.00 ~~988~~977.~~63290228~~56496520 0.00000000 118.~~06793707~~00533139 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 78.~~88322757~~90816457 ~~981~~972.~~10683245~~19866789 0.~~98110683~~97219867 78.~~88322757~~90816457 A2 0.00000000 118.~~06793707~~00533139 ~~977~~969.~~56496520~~55963381 0.~~97756497~~96955963 118.~~06793707~~00533139 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.~~08688~~06000% ~~816~~809,~~411~~903,~~294~~690.5519 1,~~514~~390,~~446~~334.5867 0.00 0.00 A2 353,750,000.00 2.~~10688~~08000% ~~349~~345,~~728~~813,~~889~~606.1844 ~~654~~599,~~966~~410.0525 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.~~48688~~46000% 53,000,000.00 ~~117~~108,~~159~~650.6800 0.00 0.00 M2 46,375,000.00 2.~~96688~~94000% 46,375,000.00 ~~122~~113,~~301~~618.3975 0.00 0.00 M3 39,750,000.00 3.~~68688~~66000% 39,750,000.00 ~~130~~121,~~269~~237.7650 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 32,~~146~~940,~~435~~542.1384 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,~~514~~390,~~446~~334.5867 0.00 ~~809~~802,~~903~~550,~~690~~000.1934 A2 0.00 0.00 ~~654~~599,~~966~~410.0525 0.00 ~~345~~342,~~813~~981,~~606~~720.4446 S 0.00 0.00 607,291.67 0.00 132,500,000.00 M1 0.00 0.00 ~~117~~108,~~159~~650.6800 0.00 53,000,000.00 M2 0.00 0.00 ~~122~~113,~~301~~618.3975 0.00 46,375,000.00 M3 0.00 0.00 ~~130~~121,~~269~~237.7650 0.00 39,750,000.00 C 0.00 0.00 5,~~455~~592,~~907~~110.3272 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 ~~179~~238,~~601~~157.6063 0.00 100.00 Totals 0.00 0.00 8,~~781~~770,~~944~~811.0519 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.~~08688~~06000% ~~988~~981.~~99006002~~10683245 1.~~83458096~~68423340 0.00000000 0.00000000 A2 353,750,000.00 2.~~10688~~08000% ~~988~~977.~~63290228~~56496520 1.~~85149413~~69444594 0.00000000 0.00000000 S 0.00 5.50000% 1000.00000000 4.58333336 0.00000000 0.00000000 M1 53,000,000.00 2.~~48688~~46000% 1000.00000000 2.~~21056000~~05000000 0.00000000 0.00000000 M2 46,375,000.00 2.~~96688~~94000% 1000.00000000 2.~~63722674~~45000000 0.00000000 0.00000000 M3 39,750,000.00 3.~~68688~~66000% 1000.00000000 3.~~27722667~~05000000 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.~~83458096~~68423340 0.00000000 ~~981~~972.~~10683245~~19866789 A2 0.00000000 0.00000000 1.~~85149413~~69444594 0.00000000 ~~977~~969.~~56496520~~55963381 S 0.00000000 0.00000000 4.58333336 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~21056000~~05000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~63722674~~45000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~27722667~~05000000 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~823~~844.~~54561125~~10492536 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 ~~1796016~~81576.~~00000000~~30000000 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 2019,~~015~~700,~~445~~433.7804 Liquidations, Insurance Proceeds, Reserve Funds 1.2620 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties ~~179~~238,~~601~~157.6063 Total Deposits 2019,~~195~~938,~~048~~591.6487 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~990~~982,~~217~~204.4985 Payment of Interest and Principal 1918,~~204~~956,~~831~~387.1502 Total Withdrawals (Pool Distribution Amount) 2019,~~195~~938,~~048~~591.6487 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~327~~325,~~972~~366.6092 Radian PMI Policy Fee ~~658~~653,~~972~~591.8490 Wells Fargo 3,~~272~~246.0503 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~990~~982,~~217~~204.4985

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.2620 1.2620 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 1012 0 0 1012 1,~~466~~713,~~694~~982.4850 0.00 0.00 1,~~466~~713,~~694~~982.4850 30 Days 88105 2 23 0 92110 1215,~~230~~578,~~548~~088.1009 ~~213~~371,~~342~~343.6190 ~~146~~219,~~034~~984.6061 0.00 1216,~~589~~169,~~925~~416.3160 60 Days 56 14 2652 0 3262 ~~725~~1,~~487~~374,290.8903 82436,~~555~~914.5613 35,~~143~~490,~~270~~990.4267 0.00 37,~~951~~302,~~313~~194.8783 90 Days 02 01 1135 0 1138 0275,650.0054 082,523.0073 14,~~154~~299,~~828~~376.6592 0.00 14,~~154~~657,~~828~~551.6519 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 93113 1319 3990 0 ~~145~~222 1217,~~956~~228,~~035~~028.9966 12,~~762~~604,~~592~~764.6526 410,~~444~~010,~~133~~352.6720 0.00 1929,~~162~~843,~~762~~145.3112 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.~~107170~~129450% 0.000000% 0.000000% 0.~~107170~~129450% 0.~~112675~~132701% 0.000000% 0.000000% 0.~~112675~~132701% 30 Days 01.~~943093~~132686% 0.~~021434~~021575% 0.~~021434~~032362% 0.000000% 01.~~985961~~186624% 01.~~939584~~206094% 0.~~016390~~028750% 0.~~011219~~017032% 0.000000% 01.~~967193~~251876% 60 Days 0.~~053585~~064725% 0.~~010717~~043150% 0.~~278641~~560949% 0.000000% 0.~~342943~~668824% 0.~~055734~~106401% 0.~~006342~~033827% 0.~~241475~~425126% 0.000000% 0.~~303551~~565354% 90 Days 0.~~000000~~021575% 0.~~000000~~010787% 0.~~117887~~377562% 0.000000% 0.~~117887~~409924% 0.~~000000~~021342% 0.~~000000~~006389% 0.~~088717~~332868% 0.000000% 0.~~088717~~360599% 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.~~996678~~218986% 0.~~139321~~204962% 0.~~417962~~970874% 0.000000% 12.~~553960~~394822% 01.~~995318~~333837% 0.~~135407~~201667% 0.~~341411~~775026% 0.000000% 12.~~472136~~310530%

~~OTHER~~Delinquency ~~INFORMATION~~Status ~~Current~~By ~~Period~~Groups ~~Class~~DELINQUENT ABANKRUPTCY ~~Insufficient~~FORECLOSURE ~~Funds~~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 2 0 0 2 171,469.08 0.00 0.00 171,469.08 30 Days 14 0 0 0 14 1,581,677.16 0.00 0.00 0.00 1,581,677.16 60 Days 0 2 6 0 8 0.00 223,680.74 483,673.03 0.00 707,353.77 90 Days 0 0 5 0 5 0.00 0.00 482,092.54 0.00 482,092.54 120 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 4 11 0 29 1,581,677.16 395,149.82 965,765.57 0.00 2,942,592.55 0-29 Days 0.152672% 0.000000% 0.000000% 0.152672% 0.106208% 0.000000% 0.000000% 0.106208% 30 Days 1.068702% 0.000000% 0.000000% 0.000000% 1.068702% 0.979687% 0.000000% 0.000000% 0.000000% 0.979687% 60 Days 0.000000% 0.152672% 0.458015% 0.000000% 0.610687% 0.000000% 0.138547% 0.299586% 0.000000% 0.438133% 90 Days 0.000000% 0.000000% 0.381679% 0.000000% 0.381679% 0.000000% 0.000000% 0.298607% 0.000000% 0.298607% 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 1.068702% 0.305344% 0.839695% 0.000000% 2.213740% 0.979687% 0.244755% 0.598193% 0.000000% 1.822634% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ofPrincipal ~~Contaminated~~Balance ~~Properties~~Principal Balance Principal Balance Principal Balance 0-29 Days 10 0 0 10 1,542,513.42 0.00 ~~Periodic~~0.00 ~~Advance~~1,542,513.42 ~~373~~30 Days 91 2 3 0 96 13,~~698~~996,410.6693 371,343.90 219,984.61 0.00 14,587,739.44 60 Days 6 2 46 0 54 1,374,290.03 213,233.39 5,007,317.64 0.00 6,594,841.06 90 Days 2 1 30 0 33 275,650.54 82,523.73 3,817,284.38 0.00 4,175,458.65 120 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 99 15 79 0 193 15,646,351.50 2,209,614.44 9,044,586.63 0.00 26,900,552.57 0-29 Days 0.185529% 0.000000% 0.000000% 0.185529% 0.207506% 0.000000% 0.000000% 0.207506% 30 Days 1.688312% 0.037106% 0.055659% 0.000000% 1.781076% 1.882857% 0.049955% 0.029593% 0.000000% 1.962405% 60 Days 0.111317% 0.037106% 0.853432% 0.000000% 1.001855% 0.184875% 0.028685% 0.673606% 0.000000% 0.887166% 90 Days 0.037106% 0.018553% 0.556586% 0.000000% 0.612245% 0.037082% 0.011101% 0.513517% 0.000000% 0.561701% 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 1.836735% 0.278293% 1.465677% 0.000000% 3.580705% 2.104814% 0.297247% 1.216717% 0.000000% 3.618778% 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 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%

~~COLLATERAL~~OTHER ~~STATEMENT~~INFORMATION ~~Collateral~~Current ~~Description~~Period ~~Mixed~~Class ~~Fixed~~A &Insufficient ~~Arm~~Funds Weighted Average Gross Coupon 8.774942% Weighted Average Net Coupon 8.474942% Weighted Average Pass-Through Rate 7.869180% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 9,389 Number Of Loans Paid In Full 58 Ending Scheduled Collateral Loan Count 9,331 Beginning Scheduled Collateral Balance 1,311,890,183.73 Ending Scheduled Collateral Balance 1,301,467,296.63 Ending Actual Collateral Balance at 31-Jul-2002 1,301,697,843.04 Monthly P &I Constant 10,434,497.58 Special Servicing Fee 0.00 ~~Prepayment~~Principal ~~Penalties~~Balance ~~179,601.60~~of ~~Realized~~Contaminated ~~Loss~~Properties ~~Amount~~ 0.00 ~~Cumulative~~Periodic ~~Realized~~Advance ~~Loss 0.00 Ending Scheduled Balance for Premium Loans 1~~526,~~301,467,296~~714.~~63 Scheduled Principal 841,363.85 Unscheduled Principal 9,581,523.25~~79

~~Credit~~COLLATERAL ~~Enhancement~~STATEMENT ~~Percenatge~~Collateral ~~11.1099161963%~~Description ~~Net~~Mixed ~~WAC~~Fixed ~~Carryover~~& ~~Amount~~Arm ~~0.00~~Weighted ~~Payment~~Average ~~Rec'd~~Gross onCoupon ~~PMI Claims during Pre-Fund Period 0~~8.00773097% ~~Payment~~Weighted ~~Rec'd~~Average onNet ~~PMI~~Coupon ~~Claims since Closing 0~~8.00473097% ~~Claims~~Weighted ~~Denied~~Average ~~by PMI during Pre~~Pass-~~Fund~~Through ~~Period~~Rate 07.00867468% ~~Claims~~Weighted ~~Denied~~Average byMaturity(Stepdown ~~PMI~~Calculation ~~since~~) ~~Closing~~347 ~~0.00~~Beginning ~~Trigger~~Scheduled ~~Event~~Collateral ~~Not~~Loan ~~Triggered~~Count In9,331 ~~Effect~~Number ~~Since~~Of ~~N/A~~Loans ~~Comments~~Paid ~~N/A Stepdown Date Do Not Step Down~~ In ~~Effect~~Full ~~Since~~61 ~~N/A~~Ending ~~Comments~~Scheduled ~~N/A~~Collateral ~~Unscheduled~~Loan ~~Principal~~Count ~~- Voluntary~~ 9,~~581,523.25~~270 ~~Unscheduled~~Beginning ~~Principal~~Scheduled -Collateral ~~Involuntary~~Balance 01,301,467,296.0063 #Ending ofScheduled ~~Subsequent~~Collateral ~~Mortgage~~Balance ~~Loans Purchased 0 Amount of Subsequent Mortgage Loans Purchased 0.00 Group~~ 1 ~~Pre-Funding Acct Begin Bal 0~~,291,281,720.0080 ~~Group~~Ending 1Actual ~~Pre-Funding~~Collateral ~~Acct~~Balance ~~Dist~~at ~~Amount 0.00 Group 1 Pre~~31-~~Funding Acct RI to Int Cov Acct 0.00 Group 1 Pre~~Aug-~~Funding~~2002 ~~Acct End Bal 0.00 Group~~ 1 ~~Inv Cov Acct Begin Bal 0~~,291,614,447.0043 ~~Group~~Monthly 1P ~~Inv~~&I ~~Cov~~Constant ~~Acct Deposits 0~~10,356,854.0079 ~~Group~~Special 1Servicing ~~Inv~~Fee ~~Cov Acct Release to Servicer~~ 0.00 ~~Group~~Prepayment 1Penalties ~~Inv Cov Acct Dist Amount to Bond 0~~238,157.0063 ~~Group~~Realized 1Loss ~~Inv Cov Acct End Bal 0.00 Group 2 Pre-Funding Acct Begin Bal 0.00 Group 2 Pre-Funding Acct Dist~~ Amount 0.00 ~~Group~~Cumulative 2Realized ~~Pre-Funding~~Loss ~~Acct RI Transfer to Inv Cov Acct~~ 0.00 ~~Group~~Ending 2Scheduled ~~Pre-Funding~~Balance ~~Acct~~for ~~End~~Premium ~~Bal~~Loans 01,291,281,720.0080 ~~Group~~Scheduled 2Principal ~~Int Cov Acct Begin Bal 0~~841,938.0070 ~~Group~~Unscheduled 2Principal ~~Int Cov Acct Deposits 0~~9,343,637.00 Group 2 Int Cov Acct Release to Servicer 0.00 Group 2 Int Cov Acct Dist Amount to Bond 0.00 Group 2 Int Cov Acct End Bal 0.00 Liquidated Loans with Losses covered by MI 0 Losses prior to Proceeds from MI 0.00 MI Proceeds received to reduce Losses 0.0013

~~Miscellaneous~~Credit ~~Reporting~~Enhancement ~~General~~Percenatge ~~Excess~~11.1988906965% ~~Available~~Net ~~Amt~~WAC ~~5,455,907~~Carryover Amount 0.3200 ~~Extra~~Payment ~~Principal~~Rec'd ~~Distribution~~on ~~Amt~~PMI Claims during Pre-Fund Period 0.00 ~~Overcollateralization~~Payment ~~Amt~~Rec'd ~~6,624,900~~on PMI Claims since Closing 0.00 ~~Excess~~Claims ~~Overcollateralized~~Denied ~~Amt~~by PMI during Pre-Fund Period 0.00 ~~Overcollateralization~~Claims ~~Deficit~~Denied ~~Amt~~by PMI since Closing 0.00 ~~Overcollateralization~~Trigger ~~Increase~~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 9,343,637.13 Unscheduled Principal - Involuntary 0.00 ~~Overcollateralization~~Liquidated ~~Release~~Loans ~~Amt~~with Losses covered by MI 0 Losses prior to Proceeds from MI 0.00 ~~Target~~MI ~~Overcollateralization~~Proceeds ~~Amt~~received ~~6,624,900~~to reduce Losses 0.00

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~General ~~Statement~~Excess ~~Group~~Available ~~Group~~Amt 1 Group 2 Group 3 Collateral Description Fixed 30 Year Mixed ARM Fixed 30 Year Weighted Average Coupon Rate 8.747757 8.784948 8.901515 Weighted Average Net Rate 8.447757 8.484948 8.601516 Pass-Through Rate 7.727098 7.901335 7.921207 Weighted Average Maturity 348 348 348 Beginning Loan Count 1,323 5,~~462 608 Loans Paid In Full 5 35 5 Ending Loan Count 1~~592,~~318 5,427 603 Beginning Scheduled Balance 163,168,409~~110.9072 ~~755,270,884.65~~Extra ~~70,292,589.47 Ending scheduled Balance 162,635,681.68 749,296,008.51 69,892,748.94 Record Date 07/31/2002 07/31/2002 07/31/2002~~ Principal ~~And~~Distribution ~~Interest~~Amt Constant 1,325,182.21 5,980,184.88 581,797.73 Scheduled Principal 135,717.56 451,005.07 60,372.26 Unscheduled Principal 397,010.66 5,523,871.07 339,468.27 Scheduled Interest 1,189,464.65 5,529,179.81 521,425.47 Servicing Fees 40,792.13 188,817.73 17,573.17 Master Servicing Fees 0.00 ~~0.00~~Overcollateralization ~~0.00~~Amt ~~Trustee Fee 406.28 1~~6,~~883~~624,900.~~89 175.23 FRY Amount 0.~~00 ~~0.00~~Excess ~~0.00~~Overcollateralized ~~Special~~Amt ~~Hazard Fee~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Deficit ~~Other~~Amt ~~Fee 97,584.46 365,437.50 39,675.57 Pool Insurance Fee~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Increase ~~Spread~~Amt ~~Fee 1~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Release ~~Spread~~Amt ~~Fee 2~~ 0.00 ~~0.00~~Target ~~0.00~~Overcollateralization ~~Spread~~Amt ~~Fee 3 0.00 0.00 0.00 Net Interest 1~~6,~~148~~624,~~672~~900.~~52 5,340,362.05 503,852.35 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~~

Group Level Collateral Statement Group Group 41 ~~Total~~Group 2 Group 3 Collateral Description ~~Mixed~~Fixed ~~ARM~~30 Year Mixed ARM Fixed &30 ~~Arm~~Year Weighted Average Coupon Rate 8.~~737750~~745266 8.~~774942~~782689 8.902736 Weighted Average Net Rate 8.~~437750~~445265 8.~~474942~~482689 ~~Pass-Through Rate 7~~8.~~854450~~602737 ~~7.869180~~ Weighted Average Maturity ~~348~~347 ~~348~~347 347 Beginning Loan Count 1,~~996~~318 95,~~389~~427 603 Loans Paid In Full 138 5837 5 Ending Loan Count 1,~~983~~310 95,~~331~~390 598 Beginning Scheduled Balance ~~323~~162,~~158~~635,~~299~~681.7168 1749,~~311~~296,~~890~~008.51 69,~~183~~892,748.7394 Ending scheduled Balance ~~319~~161,~~642~~409,~~857~~055.5075 1743,~~301~~168,~~467~~944.59 69,~~296~~513,386.6367 Record Date 0708/31/2002 0708/31/2002 08/31/2002 Principal And Interest Constant 21,~~547~~320,~~332~~761.7607 105,~~434~~935,~~497~~267.5886 579,143.02 Scheduled Principal ~~194~~135,~~268~~517.9645 ~~841~~451,~~363~~239.85 60,612.42 Unscheduled Principal 31,~~321~~091,~~173~~108.2548 95,~~581~~675,~~523~~824.2507 318,749.85 Scheduled Interest 21,~~353~~185,~~063~~243.8062 95,~~593~~484,~~133~~028.7301 518,530.60 Servicing Fees 8040,~~789~~659.5707 ~~327~~187,~~972~~324.6002 17,473.14 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~806~~404.6593 31,~~272~~868.0599 174.24 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~156~~97,~~275~~350.3102 ~~658~~362,~~972~~399.8437 39,579.40 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 21,~~272~~144,~~274~~584.2153 95,~~265~~296,~~161~~704.1312 501,057.42 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 7.723983 7.899311 7.920200

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