8-K 1 frb02fr1.txt OCTOBER 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): October 15, 2002 FIRST REPUBLIC MORTGAGE LOAN TRUST Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-50248-02 Pooling and Servicing Agreement) (Commission (State or other File Number) pending 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 October 15, 2002 a distribution was made to holders of FIRST REPUBLIC Mortgage Loan Trust, Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 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 loan Pass- Through Certificates, Series 2002-FRB1 Trust, relating to the October 15, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST REPUBLIC MORTGAGE LOAN TRUST Mortgage loan Pass-Through Certificates, Series 2002-FRB1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/24/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage loan Pass-Through Certificates, Series 2002-FRB1 Trust, relating to the October 15, 2002 distribution EX-99.1

First Republic Bank Mortgage ~~Loan~~loan Pass-Through Certificates Record Date: 89/3130/02 Distribution Date: 910/1615/02 FRB Series: 2002-FR1 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 336161BJ2 SEN 2.~~12000~~12313% ~~391~~389,~~335~~884,~~000~~711.0012 ~~253~~666,~~498~~819.1150 1599,~~450,288~~229.8899 A-R 336161BL7 SEN 3.~~03146~~00718% ~~100~~0.00 0.2500 ~~100~~0.00 B-1 336161BM5 SUB 2.~~64646~~62218% 8,152,000.00 17,~~978~~813.2833 0.00 B-2 336161BN3 SUB 3.~~03146~~00718% 1,630,000.00 4,~~117~~084.7375 0.00 B-3 336161BP8 SUB 3.~~03146~~00718% 2,445,000.00 6,~~176~~127.6012 0.00 B-4 336161BQ6 SUB 3.~~03146~~00718% 1,630,000.00 4,~~117~~084.7375 0.00 B-5 336161BR4 SUB 3.~~03146~~00718% 1,222,000.00 3,~~087~~062.0431 0.00 B-6 336161BS2 SUB 3.~~03146~~00718% 1,226,937.13 3,~~099~~074.5168 0.00 X 336161BK9 SEN 20.~~21598~~94315% 0.00 ~~737~~312,~~712~~839.6681 0.00 Totals ~~407~~406,~~641~~190,~~037~~648.1325 1,~~029~~017,~~787~~906.9125 1599,~~450,388~~229.8899

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 389,~~884~~285,~~711~~481.1213 1,~~703~~266,~~786~~049.9949 0.00 A-R 0.00 0.00 ~~100~~0.2500 0.00 B-1 0.00 8,152,000.00 17,~~978~~813.2833 0.00 B-2 0.00 1,630,000.00 4,~~117~~084.7375 0.00 B-3 0.00 2,445,000.00 6,~~176~~127.6012 0.00 B-4 0.00 1,630,000.00 4,~~117~~084.7375 0.00 B-5 0.00 1,222,000.00 3,~~087~~062.0431 0.00 B-6 0.00 1,226,937.13 3,~~099~~074.5168 0.00 X 0.00 0.00 ~~737~~312,~~712~~839.6681 0.00 Totals 0.00 ~~406~~405,~~190~~591,~~648~~418.2526 21,~~480~~617,~~176~~136.7924 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 391,335,000.00 ~~391~~389,~~335~~884,~~000~~711.0012 37,~~619~~787.8826 1561,~~412,669~~442.0073 0.00 0.00 A-R 100.00 ~~100~~0.00 20.5900 970.4100 0.00 0.00 B-1 8,152,000.00 8,152,000.00 0.00 0.00 0.00 0.00 B-2 1,630,000.00 1,630,000.00 0.00 0.00 0.00 0.00 B-3 2,445,000.00 2,445,000.00 0.00 0.00 0.00 0.00 B-4 1,630,000.00 1,630,000.00 0.00 0.00 0.00 0.00 B-5 1,222,000.00 1,222,000.00 0.00 0.00 0.00 0.00 B-6 1,226,937.13 1,226,937.13 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 407,641,037.13 ~~407~~406,~~641~~190,~~037~~648.1325 37,~~622~~787.4726 1561,~~412,766~~442.4173 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 1599,~~450,288~~229.8899 389,~~884~~285,~~711~~481.1213 0.~~99629400~~99476275 1599,~~450,288~~229.8899 A-R ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 B-1 0.00 8,152,000.00 1.00000000 0.00 B-2 0.00 1,630,000.00 1.00000000 0.00 B-3 0.00 2,445,000.00 1.00000000 0.00 B-4 0.00 1,630,000.00 1.00000000 0.00 B-5 0.00 1,222,000.00 1.00000000 0.00 B-6 0.00 1,226,937.13 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 Totals 1599,~~450,388~~229.8899 ~~406~~405,~~190~~591,~~648~~418.2526 0.~~99644199~~99497200 1599,~~450,388~~229.8899

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 391,335,000.00 ~~1000~~996.~~00000000~~29399650 0.~~09613216~~09655988 31.~~60987134~~43468570 0.00000000 A-R 100.00 ~~1000~~0.00000000 250.~~90000000~~00000000 ~~974~~0.~~10000000~~00000000 0.00000000 B-1 8,152,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,630,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,445,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,630,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,222,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,226,937.13 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) 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 A 0.00000000 31.~~70600350~~53124558 ~~996~~994.~~29399650~~76275092 0.~~99629400~~99476275 31.~~70600350~~53124558 A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 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 A 391,335,000.00 2.~~12000~~12313% ~~391~~389,~~335~~884,~~000~~711.0012 ~~253~~666,~~498~~819.1250 0.00 0.00 A-R 100.00 3.~~03146~~00718% ~~100~~0.00 0.2500 0.00 0.00 B-1 8,152,000.00 2.~~64646~~62218% 8,152,000.00 17,~~978~~813.2833 0.00 0.00 B-2 1,630,000.00 3.~~03146~~00718% 1,630,000.00 4,~~117~~084.7375 0.00 0.00 B-3 2,445,000.00 3.~~03146~~00718% 2,445,000.00 6,~~176~~127.6012 0.00 0.00 B-4 1,630,000.00 3.~~03146~~00718% 1,630,000.00 4,~~117~~084.7375 0.00 0.00 B-5 1,222,000.00 3.~~03146~~00718% 1,222,000.00 3,~~087~~062.0431 0.00 0.00 B-6 1,226,937.13 3.~~03146~~00718% 1,226,937.13 3,~~099~~074.5168 0.00 0.00 X 0.00 20.~~21598~~94315% ~~399~~398,~~487~~036,~~000~~711.0012 ~~737~~312,~~712~~839.6781 0.00 0.00 Totals 407,641,037.13 1,~~029~~017,~~787~~906.9325 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 ~~253~~666,~~498~~819.1150 0.00 389,~~884~~285,~~711~~481.1213 A-R 0.00 0.00 0.2500 0.00 0.00 B-1 0.00 0.00 17,~~978~~813.2833 0.00 8,152,000.00 B-2 0.00 0.00 4,~~117~~084.7375 0.00 1,630,000.00 B-3 0.00 0.00 6,~~176~~127.6012 0.00 2,445,000.00 B-4 0.00 0.00 4,~~117~~084.7375 0.00 1,630,000.00 B-5 0.00 0.00 3,~~087~~062.0431 0.00 1,222,000.00 B-6 0.00 0.00 3,~~099~~074.5168 0.00 1,226,937.13 X 0.00 0.00 ~~737~~312,~~712~~839.6681 0.00 ~~398~~397,~~036~~437,~~711~~481.1213 Totals 0.00 0.00 1,~~029~~017,~~787~~906.9125 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 391,335,000.00 2.~~12000~~12313% ~~1000~~996.~~00000000~~29399650 01.~~64777779~~70396080 0.00000000 0.00000000 A-R 100.00 3.~~03146~~00718% ~~1000~~0.00000000 20.~~50000000~~00000000 0.00000000 0.00000000 B-1 8,152,000.00 2.~~64646~~62218% 1000.00000000 2.~~20538273~~18514843 0.00000000 0.00000000 B-2 1,630,000.00 3.~~03146~~00718% 1000.00000000 2.~~52621472~~50598160 0.00000000 0.00000000 B-3 2,445,000.00 3.~~03146~~00718% 1000.00000000 2.~~52621677~~50597955 0.00000000 0.00000000 B-4 1,630,000.00 3.~~03146~~00718% 1000.00000000 2.~~52621472~~50598160 0.00000000 0.00000000 B-5 1,222,000.00 3.~~03146~~00718% 1000.00000000 2.~~52621931~~50598200 0.00000000 0.00000000 B-6 1,226,937.13 3.~~03146~~00718% 1000.00000000 2.~~52621746~~50598007 0.00000000 0.00000000 X 0.00 20.~~21598~~94315% ~~1000~~996.~~00000000~~36962184 10.~~84665000~~78310386 0.00000000 0.00000000 (5) 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 A 0.00000000 0.00000000 01.~~64777776~~70396080 0.00000000 ~~996~~994.~~29399650~~76275092 A-R 0.00000000 0.00000000 20.~~50000000~~00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.~~20538273~~18514843 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~52621472~~50598160 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~52621677~~50597955 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~52621472~~50598160 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~52621931~~50598200 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~52621746~~50598007 0.00000000 1000.00000000 X 0.00000000 0.00000000 10.~~84664998~~78310386 0.00000000 ~~996~~994.~~36962184~~86962312 (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 21,~~583~~720,~~785~~376.5535 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 21,~~583~~720,~~785~~376.5535 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 103,~~608~~240.7611 Payment of Interest and Principal 21,~~480~~617,~~176~~136.7924 Total Withdrawals (Pool Distribution Amount) 21,~~583~~720,~~785~~376.5535 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 101,~~910~~547.2666 Special Servicing Fee 0.00 Trustee Fee 1,~~698~~692.5045 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 103,~~608~~240.7611

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 2911 0 0 0 2911 2911,~~595~~588,~~599~~238.0691 0.00 0.00 0.00 2911,~~595~~588,~~599~~238.0691 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 2911 0 0 0 2911 2911,~~595~~588,~~599~~238.0691 0.00 0.00 0.00 2911,~~595~~588,~~599~~238.0691 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 62.~~728538~~558140% 0.000000% 0.000000% 0.000000% 62.~~728538~~558140% 72.~~286135~~857121% 0.000000% 0.000000% 0.000000% 72.~~286135~~857121% 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 62.~~728538~~558140% 0.000000% 0.000000% 0.000000% 62.~~728538~~558140% 72.~~286135~~857121% 0.000000% 0.000000% 0.000000% 72.~~286135~~857121%

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02453139% 100,000.00 0.~~02461898~~02465535% Fraud 8,152,821.00 2.00000006% 8,152,821.00 2.~~00714148~~01010688% Special Hazard 12,229,231.00 2.99999997% 12,229,231.00 3.~~01071210~~01516020% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~336454~~312178% Weighted Average Net Coupon 3.~~036454~~012178% Weighted Average Pass-Through Rate 3.~~031454~~007178% Weighted Average Maturity(Stepdown Calculation ) ~~358~~357 Beginning Scheduled Collateral Loan Count ~~433~~431 Number Of Loans Paid In Full 21 Ending Scheduled Collateral Loan Count ~~431~~430 Beginning Scheduled Collateral Balance ~~407~~406,~~641~~190,~~037~~648.1325 Ending Scheduled Collateral Balance ~~406~~405,~~190~~591,~~648~~418.2526 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 ~~406~~405,~~190~~591,~~648~~418.2526 Monthly P &I Constant 1,~~171~~158,~~018~~933.8563 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 ~~406~~405,~~190~~591,~~648~~418.2526 Scheduled Principal 37,~~622~~787.4726 Unscheduled Principal 1561,~~412,766~~442.4173

Miscellaneous Reporting Senior Prepayment Percentage 100.00000000% Senior Percentage 100.00000000% Subordinate Percentage 0.00000000%

Filing Compare · GREENWICH CAPITAL ACCEPTANCE INC MRT LN PS TH CRT SR 01 FRB1