8-K 1 sac02007.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 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-04 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 STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 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. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/27/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the September 25, 2002 distribution. EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 SASC Series: 2002-7 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 86358RF93 SEN 6.50000% 9591,~~128~~601,~~530~~667.3840 ~~515~~496,~~279~~175.5470 36,~~526~~350,~~862~~605.9896 A2 86358RG27 SEN 6.50000% 6462,~~761~~416,~~141~~261.3454 ~~350~~338,~~789~~088.5208 24,~~344~~222,~~879~~281.8031 A3 86358RG35 SEN 6.10000% 2827,~~798~~928,~~689~~960.2220 ~~146~~141,~~393~~972.3421 ~~869~~1,~~729~~566,067.0273 A4 86358RJ32 SEN 2.~~48688~~46000% 5,~~759~~585,~~737~~792.8404 11,~~936~~450.4887 ~~173~~313,~~945~~213.8055 A5 86358RG43 SEN 6.50000% 30,289,000.00 164,065.42 0.00 A6 86358RG50 SEN 6.50000% 24,000,000.00 130,000.00 0.00 A7 86358RG68 SEN 6.50000% 29,340,000.00 158,925.00 0.00 A8 86358RG76 SEN 6.50000% 560,000.00 3,033.33 0.00 A9 86358RG84 SEN 6.~~01312~~04000% 0.00 28,~~861~~115.6615 0.00 AP 86358RH26 PO 0.00000% 1,~~242~~216,~~318~~159.4158 0.00 267,~~158~~876.8379 AX 86358RH34 IO 6.50000% 0.00 4038,~~978~~012.1716 0.00 B1 86358RH42 SUB 6.50000% 5,~~234~~229,~~109~~424.8836 28,~~351~~326.4305 4,~~685~~720.5283 B2 86358RH59 SUB 6.50000% 1,~~943~~942,~~841~~101.4939 10,~~529~~519.1472 1,~~740~~753.1122 B3 86358RH67 SUB 6.50000% 1,~~495~~493,~~032~~694.5319 8,~~098~~090.0984 1,~~338~~348.3442 B4 86358RH83 SUB 6.50000% ~~597~~596,~~414~~879.6080 3,~~236~~233.0010 ~~534~~538.8083 B5 86358RH91 SUB 6.50000% ~~597~~596,~~414~~879.6080 3,~~236~~233.0010 ~~534~~538.8083 B6 86358RJ24 SUB 6.50000% ~~602~~601,~~432~~893.3007 3,~~263~~260.1725 ~~539~~543.2336 E SAC02007E SEN 0.00000% 0.00 0.00 0.00 P SAC02007P SEN 0.00000% 0.00 1013,~~172~~782.3117 0.00 PAX 86358RG92 IO 6.50000% 0.00 17,~~427~~094.8356 0.00 R 86358RH75 SEN 6.50000% 0.00 0.0005 0.00 Totals ~~290~~283,~~349~~398,~~662~~713.5937 1,~~634~~597,~~576~~377.4376 612,~~950~~469,~~949~~488.2383

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 9185,~~601~~251,~~667~~061.4044 46,~~042~~846,~~142~~781.5266 0.00 A2 0.00 6258,~~416~~193,~~261~~980.5422 24,~~695~~560,~~669~~369.3239 0.00 A3 0.00 2726,~~928~~362,~~960~~892.2047 1,~~016~~708,~~122~~039.3694 0.00 A4 0.00 5,~~585~~272,~~792~~578.0449 ~~185~~324,~~882~~664.2842 0.00 A5 0.00 30,289,000.00 164,065.42 0.00 A6 0.00 24,000,000.00 130,000.00 0.00 A7 0.00 29,340,000.00 158,925.00 0.00 A8 0.00 560,000.00 3,033.33 0.00 A9 0.00 0.00 28,~~861~~115.6615 0.00 AP 0.00 1,~~216~~208,~~159~~282.5879 267,~~158~~876.8379 0.00 AX 0.00 0.00 4038,~~978~~012.1716 0.00 B1 0.00 5,~~229~~224,~~424~~703.3653 33,~~036~~046.9588 0.00 B2 0.00 1,~~942~~940,~~101~~348.3917 12,~~269~~272.2594 0.00 B3 0.00 1,~~493~~492,~~694~~345.1977 9,~~436~~439.4326 0.00 B4 0.00 596,~~879~~340.8097 3,~~770~~771.8093 0.00 B5 0.00 596,~~879~~340.8097 3,~~770~~771.8093 0.00 B6 0.00 601,~~893~~349.0772 3,~~802~~803.4061 0.00 E 0.00 0.00 0.00 0.00 P 0.00 0.00 1013,~~172~~782.3117 0.00 PAX 0.00 0.00 17,~~427~~094.8356 0.00 R 0.00 0.00 0.0005 0.00 Totals 0.00 ~~283~~270,~~398~~929,~~713~~224.3754 814,~~585~~066,~~525~~866.6659 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 100,000,000.00 9591,~~128~~601,~~530~~667.3840 ~~127~~125,~~210~~100.8744 36,~~399~~225,~~652~~505.1152 0.00 0.00 A2 68,000,000.00 6462,~~761~~416,~~141~~261.3454 8483,~~577~~174.7762 24,~~260~~139,~~302~~106.0369 0.00 0.00 A3 30,000,000.00 2827,~~798~~928,~~689~~960.2220 3130,~~370~~849.3793 ~~838~~1,~~358~~535,217.6580 0.00 0.00 A4 6,000,000.00 5,~~759~~585,~~737~~792.8404 6,~~274~~169.0799 ~~167~~307,~~671~~043.7356 0.00 0.00 A5 30,289,000.00 30,289,000.00 0.00 0.00 0.00 0.00 A6 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 A7 29,340,000.00 29,340,000.00 0.00 0.00 0.00 0.00 A8 560,000.00 560,000.00 0.00 0.00 0.00 0.00 A9 0.00 0.00 0.00 0.00 0.00 0.00 AP 1,255,114.00 1,~~242~~216,~~318~~159.4158 1,~~205~~190.5501 246,~~953~~686.2878 0.00 0.00 AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 5,248,000.00 5,~~234~~229,~~109~~424.8836 4,~~685~~720.5283 0.00 0.00 0.00 B2 1,949,000.00 1,~~943~~942,~~841~~101.4939 1,~~740~~753.1122 0.00 0.00 0.00 B3 1,499,000.00 1,~~495~~493,~~032~~694.5319 1,~~338~~348.3442 0.00 0.00 0.00 B4 599,000.00 ~~597~~596,~~414~~879.6080 ~~534~~538.8083 0.00 0.00 0.00 B5 599,000.00 ~~597~~596,~~414~~879.6080 ~~534~~538.8083 0.00 0.00 0.00 B6 604,031.00 ~~602~~601,~~432~~893.3007 ~~539~~543.2336 0.00 0.00 0.00 E 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 PAX 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 299,942,245.00 ~~290~~283,~~349~~398,~~662~~713.5937 ~~260~~255,~~011~~928.4348 612,~~690~~213,~~937~~560.8035 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 36,~~526~~350,~~862~~605.9896 9185,~~601~~251,~~667~~061.4044 0.~~91601667~~85251061 36,~~526~~350,~~862~~605.9896 A2 24,~~344~~222,~~879~~281.8031 6258,~~416~~193,~~261~~980.5422 0.~~91788620~~85579383 24,~~344~~222,~~879~~281.8031 A3 ~~869~~1,~~729~~566,067.0273 2726,~~928~~362,~~960~~892.2047 0.~~93096534~~87876308 ~~869~~1,~~729~~566,067.0273 A4 ~~173~~313,~~945~~213.8055 5,~~585~~272,~~792~~578.0449 0.~~93096534~~87876308 ~~173~~313,~~945~~213.8055 A5 0.00 30,289,000.00 1.00000000 0.00 A6 0.00 24,000,000.00 1.00000000 0.00 A7 0.00 29,340,000.00 1.00000000 0.00 A8 0.00 560,000.00 1.00000000 0.00 A9 0.00 0.00 0.00000000 0.00 AP 267,~~158~~876.8379 1,~~216~~208,~~159~~282.5879 0.~~96896344~~96268768 267,~~158~~876.8379 AX 0.00 0.00 0.00000000 0.00 B1 4,~~685~~720.5283 5,~~229~~224,~~424~~703.3653 0.~~99646043~~99556089 4,~~685~~720.5283 B2 1,~~740~~753.1122 1,~~942~~940,~~101~~348.3917 0.~~99646044~~99556089 1,~~740~~753.1122 B3 1,~~338~~348.3442 1,~~493~~492,~~694~~345.1977 0.~~99646043~~99556089 1,~~338~~348.3442 B4 ~~534~~538.8083 596,~~879~~340.8097 0.~~99646043~~99556088 ~~534~~538.8083 B5 ~~534~~538.8083 596,~~879~~340.8097 0.~~99646043~~99556088 ~~534~~538.8083 B6 ~~539~~543.2336 601,~~893~~349.0772 0.~~99646056~~99556102 ~~539~~543.2336 E 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 PAX 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 612,~~950~~469,~~949~~488.2383 ~~283~~270,~~398~~929,~~713~~224.3754 0.~~94484428~~90327131 612,~~950~~469,~~949~~488.2383

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 100,000,000.00 ~~951~~916.~~28530380~~01667400 1.~~27210870~~25100440 3362.~~99652110~~25505520 0.00000000 A2 68,000,000.00 ~~952~~917.~~36972559~~88619912 1.~~24379074~~22315618 3360.~~23973574~~86921603 0.00000000 A3 30,000,000.00 ~~959~~930.~~95630733~~96534000 1.~~04567900~~02833100 2751.~~94528833~~17392667 0.00000000 A4 6,000,000.00 ~~959~~930.~~95630667~~96534000 1.~~04567833~~02833167 2751.~~94528833~~17392667 0.00000000 A5 30,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 29,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AP 1,255,114.00 ~~989~~968.~~80523682~~96344077 0.~~96051036~~94812901 195.~~88128568~~32762761 0.00000000 AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 5,248,000.00 ~~997~~996.~~35325457~~46043445 0.~~89282012~~89954840 0.00000000 0.00000000 B2 1,949,000.00 ~~997~~996.~~35325295~~46043612 0.~~89282196~~89954849 0.00000000 0.00000000 B3 1,499,000.00 ~~997~~996.~~35325550~~46043362 0.~~89282188~~89954636 0.00000000 0.00000000 B4 599,000.00 ~~997~~996.~~35325543~~46043406 0.~~89282137~~89954925 0.00000000 0.00000000 B5 599,000.00 ~~997~~996.~~35325543~~46043406 0.~~89282137~~89954925 0.00000000 0.00000000 B6 604,031.00 ~~997~~996.~~35328154~~46056245 0.~~89271908~~89955648 0.00000000 0.00000000 E 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 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 A1 0.00000000 3563.~~26862980~~50605960 ~~916~~852.~~01667400~~51061440 0.~~91601667~~85251061 3563.~~26862980~~50605960 A2 0.00000000 3462.~~48352647~~09237221 ~~917~~855.~~88619912~~79382676 0.~~91788620~~85579383 3462.~~48352647~~09237221 A3 0.00000000 2852.~~99096733~~20225767 ~~930~~878.~~96534000~~76308233 0.~~93096534~~87876308 2852.~~99096733~~20225767 A4 0.00000000 2852.~~99096667~~20225833 ~~930~~878.~~96534000~~76308167 0.~~93096534~~87876308 2852.~~99096667~~20225833 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AP 0.00000000 206.~~84179604~~27575662 ~~968~~962.~~96344077~~68768415 0.~~96896344~~96268768 206.~~84179604~~27575662 AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~89282012~~89954840 ~~996~~995.~~46043445~~56088605 0.~~99646043~~99556089 0.~~89282012~~89954840 B2 0.00000000 0.~~89282196~~89954849 ~~996~~995.~~46043612~~56088763 0.~~99646044~~99556089 0.~~89282196~~89954849 B3 0.00000000 0.~~89282188~~89954636 ~~996~~995.~~46043362~~56088726 0.~~99646043~~99556089 0.~~89282188~~89954636 B4 0.00000000 0.~~89282137~~89954925 ~~996~~995.~~46043406~~56088481 0.~~99646043~~99556088 0.~~89282137~~89954925 B5 0.00000000 0.~~89282137~~89954925 ~~996~~995.~~46043406~~56088481 0.~~99646043~~99556088 0.~~89282137~~89954925 B6 0.00000000 0.~~89271908~~89955648 ~~996~~995.~~46056245~~56102253 0.~~99646056~~99556102 0.~~89271908~~89955648 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 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 100,000,000.00 6.50000% 9591,~~128~~601,~~530~~667.3840 ~~515~~496,~~279~~175.5470 0.00 0.00 A2 68,000,000.00 6.50000% 6462,~~761~~416,~~141~~261.3454 ~~350~~338,~~789~~088.5208 0.00 0.00 A3 30,000,000.00 6.10000% 2827,~~798~~928,~~689~~960.2220 ~~146~~141,~~393~~972.3421 0.00 0.00 A4 6,000,000.00 2.~~48688~~46000% 5,~~759~~585,~~737~~792.8404 11,~~936~~450.4887 0.00 0.00 A5 30,289,000.00 6.50000% 30,289,000.00 164,065.42 0.00 0.00 A6 24,000,000.00 6.50000% 24,000,000.00 130,000.00 0.00 0.00 A7 29,340,000.00 6.50000% 29,340,000.00 158,925.00 0.00 0.00 A8 560,000.00 6.50000% 560,000.00 3,033.33 0.00 0.00 A9 0.00 6.~~01312~~04000% 5,~~759~~585,~~737~~792.8404 28,~~861~~115.6615 0.00 0.00 AP 1,255,114.00 0.00000% 1,~~242~~216,~~318~~159.4158 0.00 0.00 0.00 AX 0.00 6.50000% 7,~~565~~017,~~201~~629.1132 4038,~~978~~012.1716 0.00 0.00 B1 5,248,000.00 6.50000% 5,~~234~~229,~~109~~424.8836 28,~~351~~326.4305 0.00 0.00 B2 1,949,000.00 6.50000% 1,~~943~~942,~~841~~101.4939 10,~~529~~519.1472 0.00 0.00 B3 1,499,000.00 6.50000% 1,~~495~~493,~~032~~694.5319 8,~~098~~090.0984 0.00 0.00 B4 599,000.00 6.50000% ~~597~~596,~~414~~879.6080 3,~~236~~233.0010 0.00 0.00 B5 599,000.00 6.50000% ~~597~~596,~~414~~879.6080 3,~~236~~233.0010 0.00 0.00 B6 604,031.00 6.50000% ~~602~~601,~~432~~893.3007 3,~~263~~260.1725 0.00 0.00 E 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 PAX 0.00 6.50000% 3,~~217~~155,~~445~~919.1346 17,~~427~~094.8356 0.00 0.00 R 100.00 6.50000% 0.00 0.00 0.00 0.00 Totals 299,942,245.00 1,~~624~~583,~~404~~595.1254 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 ~~515~~496,~~279~~175.5470 0.00 9185,~~601~~251,~~667~~061.4044 A2 0.00 0.00 ~~350~~338,~~789~~088.5208 0.00 6258,~~416~~193,~~261~~980.5422 A3 0.00 0.00 ~~146~~141,~~393~~972.3421 0.00 2726,~~928~~362,~~960~~892.2047 A4 0.00 0.00 11,~~936~~450.4887 0.00 5,~~585~~272,~~792~~578.0449 A5 0.00 0.00 164,065.42 0.00 30,289,000.00 A6 0.00 0.00 130,000.00 0.00 24,000,000.00 A7 0.00 0.00 158,925.00 0.00 29,340,000.00 A8 0.00 0.00 3,033.33 0.00 560,000.00 A9 0.00 0.00 28,~~861~~115.6615 0.00 5,~~585~~272,~~792~~578.0449 AP 0.00 0.00 0.00 0.00 1,~~216~~208,~~159~~282.5879 AX 0.00 0.00 4038,~~978~~012.1716 0.00 76,~~017~~475,~~629~~942.3205 B1 0.00 0.00 28,~~351~~326.4305 0.00 5,~~229~~224,~~424~~703.3653 B2 0.00 0.00 10,~~529~~519.1472 0.00 1,~~942~~940,~~101~~348.3917 B3 0.00 0.00 8,~~098~~090.0984 0.00 1,~~493~~492,~~694~~345.1977 B4 0.00 0.00 3,~~236~~233.0010 0.00 596,~~879~~340.8097 B5 0.00 0.00 3,~~236~~233.0010 0.00 596,~~879~~340.8097 B6 0.00 0.00 3,~~263~~260.1725 0.00 601,~~893~~349.0772 E 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 1013,~~172~~782.3117 0.00 0.00 PAX 0.00 0.00 17,~~427~~094.8356 0.00 3,~~155~~153,~~919~~427.4604 R 0.00 0.00 0.0005 0.00 0.00 Totals 0.00 0.00 1,~~634~~597,~~576~~377.4376 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 100,000,000.00 6.50000% ~~951~~916.~~28530380~~01667400 54.~~15279540~~96175700 0.00000000 0.00000000 A2 68,000,000.00 6.50000% ~~952~~917.~~36972559~~88619912 54.~~15866941~~97188353 0.00000000 0.00000000 A3 30,000,000.00 6.10000% ~~959~~930.~~95630733~~96534000 4.~~87977800~~73240700 0.00000000 0.00000000 A4 6,000,000.00 2.~~48688~~46000% ~~959~~930.~~95630667~~96534000 1.~~98941333~~90847833 0.00000000 0.00000000 A5 30,289,000.00 6.50000% 1000.00000000 5.41666678 0.00000000 0.00000000 A6 24,000,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A7 29,340,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A8 560,000.00 6.50000% 1000.00000000 5.41666071 0.00000000 0.00000000 A9 0.00 6.~~01312~~04000% ~~959~~930.~~95630667~~96534000 4.~~81027667~~68585833 0.00000000 0.00000000 AP 1,255,114.00 0.00000% ~~989~~968.~~80523682~~96344077 0.00000000 0.00000000 0.00000000 AX 0.00 6.50000% ~~923~~856.~~58702998~~73749144 54.~~00276275~~64066156 0.00000000 0.00000000 B1 5,248,000.00 6.50000% ~~997~~996.~~35325457~~46043445 5.~~40233041~~39749428 0.00000000 0.00000000 B2 1,949,000.00 6.50000% ~~997~~996.~~35325295~~46043612 5.~~40232940~~39749615 0.00000000 0.00000000 B3 1,499,000.00 6.50000% ~~997~~996.~~35325550~~46043362 5.~~40232822~~39749166 0.00000000 0.00000000 B4 599,000.00 6.50000% ~~997~~996.~~35325543~~46043406 5.~~40233723~~39749583 0.00000000 0.00000000 B5 599,000.00 6.50000% ~~997~~996.~~35325543~~46043406 5.~~40233723~~39749583 0.00000000 0.00000000 B6 604,031.00 6.50000% ~~997~~996.~~35328154~~46056245 5.~~40232207~~39748788 0.00000000 0.00000000 E 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 6.50000% ~~991~~972.~~76829986~~80318728 5.~~37207897~~26934944 0.00000000 0.00000000 R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) 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 A1 0.00000000 0.00000000 54.~~15279540~~96175700 0.00000000 ~~916~~852.~~01667400~~51061440 A2 0.00000000 0.00000000 54.~~15866941~~97188353 0.00000000 ~~917~~855.~~88619912~~79382676 A3 0.00000000 0.00000000 4.~~87977800~~73240700 0.00000000 ~~930~~878.~~96534000~~76308233 A4 0.00000000 0.00000000 1.~~98941333~~90847833 0.00000000 ~~930~~878.~~96534000~~76308167 A5 0.00000000 0.00000000 5.41666678 0.00000000 1000.00000000 A6 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A7 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A8 0.00000000 0.00000000 5.41666071 0.00000000 1000.00000000 A9 0.00000000 0.00000000 4.~~81027667~~68585833 0.00000000 ~~930~~878.~~96534000~~76308167 AP 0.00000000 0.00000000 0.00000000 0.00000000 ~~968~~962.~~96344077~~68768415 AX 0.00000000 0.00000000 54.~~00276275~~64066156 0.00000000 ~~856~~790.~~73749144~~60635631 B1 0.00000000 0.00000000 5.~~40233041~~39749428 0.00000000 ~~996~~995.~~46043445~~56088605 B2 0.00000000 0.00000000 5.~~40232940~~39749615 0.00000000 ~~996~~995.~~46043612~~56088763 B3 0.00000000 0.00000000 5.~~40232822~~39749166 0.00000000 ~~996~~995.~~46043362~~56088726 B4 0.00000000 0.00000000 5.~~40233723~~39749583 0.00000000 ~~996~~995.~~46043406~~56088481 B5 0.00000000 0.00000000 5.~~40233723~~39749583 0.00000000 ~~996~~995.~~46043406~~56088481 B6 0.00000000 0.00000000 5.~~40232207~~39748788 0.00000000 ~~996~~995.~~46056245~~56102253 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 5.~~37207897~~26934944 0.00000000 972.~~80318728~~03490591 R 0.00000000 0.00000000 0.~~00000000~~50000000 0.00000000 0.00000000 (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 814,~~640~~114,~~355~~419.1679 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 511,~~660~~488.0417 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 814,~~646~~125,~~015~~907.2096 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6059,~~489~~041.5437 Payment of Interest and Principal 814,~~585~~066,~~525~~866.6659 Total Withdrawals (Pool Distribution Amount) 814,~~646~~125,~~015~~907.2096 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6059,~~489~~041.5437 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6059,~~489~~041.5437

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 13 0 0 0 13 511,~~290~~282,239.8778 0.00 0.00 0.00 511,~~290~~282,239.8778 60 Days 21 0 0 0 21 ~~807~~461,~~802~~403.4057 0.00 0.00 0.00 ~~807~~461,~~802~~403.4057 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 34 0 0 0 34 ~~859~~1,~~093~~743,643.2735 0.00 0.00 0.00 ~~859~~1,~~093~~743,643.2735 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.~~156986~~489396% 0.000000% 0.000000% 0.000000% 0.~~156986~~489396% 0.~~018086~~472951% 0.000000% 0.000000% 0.000000% 0.~~018086~~472951% 60 Days 0.~~313972~~163132% 0.000000% 0.000000% 0.000000% 0.~~313972~~163132% 0.~~284848~~170187% 0.000000% 0.000000% 0.000000% 0.~~284848~~170187% 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.~~470958~~652529% 0.000000% 0.000000% 0.000000% 0.~~470958~~652529% 0.~~302934~~643138% 0.000000% 0.000000% 0.000000% 0.~~302934~~643138%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 511,~~660~~488.0417

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03333975% 100,000.00 0.~~03528598~~03691001% Fraud 5,998,845.00 2.00000003% 5,998,845.00 2.~~11675097~~21417420% Special Hazard 2,999,423.00 1.00000018% 2,~~918~~912,~~124~~395.4672 1.~~02968868~~07496551% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Ratio Strip Weighted Average Gross Coupon 6.~~963577~~955446% Weighted Average Net Coupon 6.~~713577~~705446% Weighted Average Pass-Through Rate 6.~~713577~~705446% Weighted Average Maturity(Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count ~~651~~637 Number Of Loans Paid In Full 1424 Ending Scheduled Collateral Loan Count ~~637~~613 Beginning Scheduled Collateral Balance ~~290~~283,~~349~~398,~~662~~713.6233 Ending Scheduled Collateral Balance ~~283~~270,~~398~~929,~~713~~224.3350 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~283~~271,~~590~~114,~~652~~993.4122 Monthly P &I Constant 1,~~944~~898,~~905~~565.0846 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~260~~255,~~011~~928.4948 Unscheduled Principal 612,~~690~~213,~~937~~560.8035

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2002 7