8-K 1 opt02004.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 25, 2002 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-03 Pooling and Servicing Agreement) (Commission 52-2365710 (State or other File Number) 52-2365711 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On October 25, 2002 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2002-4 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-4 Trust, relating to the October 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 ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust By: Wells Fargo Bank, N. A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 11/1/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2002-4 Trust, relating to the October 25, 2002 distribution.

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 89/3130/02 ~~Distribution Date: 9~~10/25/02 Distribution Date: OOMC Series: 2002-4 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 68389FCM4 SEN 2.~~07000~~07375% ~~268~~265,~~814~~933,~~728~~257.6108 ~~463~~459,~~705~~565.4191 23,~~881~~830,~~471~~210.5369 M1 68389FCN2 MEZ 2.~~41000~~41375% 18,938,000.00 38,~~033~~093.8200 0.00 M2 68389FCP7 MEZ 2.~~94000~~94375% 18,114,000.00 44,~~379~~435.3091 0.00 M3 68389FCQ5 MEZ 3.~~61000~~61375% 16,138,000.00 48,~~548~~598.4891 0.00 C OPT02004C JUN 0.00000% 2,799,888.00 1,~~593~~577,~~567~~959.2431 0.00 R1 OPT0204R1 JUN 0.00000% 0.00 0.00 0.00 R2 OPT0204R2 JUN 0.00000% 0.00 0.00 0.00 P OPT02004P JUN 0.00000% 100.00 75101,~~035~~773.3073 0.00 Totals ~~324~~321,~~804~~923,~~716~~245.6108 2,~~263~~270,~~269~~426.5577 23,~~881~~830,~~471~~210.5369

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~265~~262,~~933~~103,~~257~~046.0839 34,~~345~~289,~~176~~776.9460 0.00 M1 0.00 18,938,000.00 38,~~033~~093.8200 0.00 M2 0.00 18,114,000.00 44,~~379~~435.3091 0.00 M3 0.00 16,138,000.00 48,~~548~~598.4891 0.00 C 0.00 2,799,888.00 1,~~593~~577,~~567~~959.2431 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 100.00 75101,~~035~~773.3073 0.00 Totals 0.00 ~~321~~318,~~923~~093,~~245~~034.0839 56,~~144~~100,~~741~~637.0846 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 273,355,000.00 ~~268~~265,~~814~~933,~~728~~257.6108 0.00 23,~~881~~830,~~471~~210.5369 0.00 0.00 M1 18,938,000.00 18,938,000.00 0.00 0.00 0.00 0.00 M2 18,114,000.00 18,114,000.00 0.00 0.00 0.00 0.00 M3 16,138,000.00 16,138,000.00 0.00 0.00 0.00 0.00 C 2,799,888.31 2,799,888.00 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 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~324~~321,~~804~~923,~~716~~245.6108 0.00 23,~~881~~830,~~471~~210.5369 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 23,~~881~~830,~~471~~210.5369 ~~265~~262,~~933~~103,~~257~~046.0839 0.~~97284943~~95883758 23,~~881~~830,~~471~~210.5369 M1 0.00 18,938,000.00 1.00000000 0.00 M2 0.00 18,114,000.00 1.00000000 0.00 M3 0.00 16,138,000.00 1.00000000 0.00 C 0.00 2,799,888.00 0.99999989 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 23,~~881~~830,~~471~~210.5369 ~~321~~318,~~923~~093,~~245~~034.0839 0.~~97746514~~96583536 23,~~881~~830,~~471~~210.5369

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,355,000.00 ~~983~~972.~~39056761~~84943418 0.00000000 1014.~~54113343~~01185524 0.00000000 M1 18,938,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 18,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 16,138,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 2,799,888.31 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 1014.~~54113343~~01185524 ~~972~~958.~~84943418~~83757894 0.~~97284943~~95883758 1014.~~54113343~~01185524 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.99988928 0.99999989 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 273,355,000.00 2.~~07000~~07375% ~~268~~265,~~814~~933,~~728~~257.6108 ~~463~~459,~~705~~565.4191 0.00 0.00 M1 18,938,000.00 2.~~41000~~41375% 18,938,000.00 38,~~033~~093.8200 0.00 0.00 M2 18,114,000.00 2.~~94000~~94375% 18,114,000.00 44,~~379~~435.3091 0.00 0.00 M3 16,138,000.00 3.~~61000~~61375% 16,138,000.00 48,~~548~~598.4891 0.00 0.00 C 2,799,888.31 0.00000% 2,799,888.00 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 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~594~~590,~~667~~693.0173 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 ~~463~~459,~~705~~565.4191 0.00 ~~265~~262,~~933~~103,~~257~~046.0839 M1 0.00 0.00 38,~~033~~093.8200 0.00 18,938,000.00 M2 0.00 0.00 44,~~379~~435.3091 0.00 18,114,000.00 M3 0.00 0.00 48,~~548~~598.4891 0.00 16,138,000.00 C 0.00 0.00 1,~~593~~577,~~567~~959.2431 0.00 2,799,888.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 75101,~~035~~773.3073 0.00 100.00 Totals 0.00 0.00 2,~~263~~270,~~269~~426.5577 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 273,355,000.00 2.~~07000~~07375% ~~983~~972.~~39056761~~84943418 1.~~69634874~~68120543 0.00000000 0.00000000 M1 18,938,000.00 2.~~41000~~41375% 1000.00000000 2.~~00833351~~01145844 0.00000000 0.00000000 M2 18,114,000.00 2.~~94000~~94375% 1000.00000000 2.~~45000000~~45312521 0.00000000 0.00000000 M3 16,138,000.00 3.~~61000~~61375% 1000.00000000 3.~~00833313~~01145805 0.00000000 0.00000000 C 2,799,888.31 0.00000% 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 1.~~69634874~~68120543 0.00000000 ~~972~~958.~~84943418~~83757894 M1 0.00000000 0.00000000 2.~~00833351~~01145844 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~45000000~~45312521 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~00833313~~01145805 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~569~~563.~~15386028~~57937721 0.00000000 999.99988928 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~50353~~1017737.~~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 56,~~207~~135,~~340~~277.6658 Liquidations, Insurance Proceeds, Reserve Funds 1.1007 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 75101,~~035~~773.3073 Total Deposits 56,~~282~~237,~~377~~052.0638 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~137~~136,~~635~~414.9892 Payment of Interest and Principal 56,~~144~~100,~~741~~637.0846 Total Withdrawals (Pool Distribution Amount) 56,~~282~~237,~~377~~052.0638 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~135~~134,~~335~~134.3265 Wells Fargo 2,~~300~~280.6627 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~137~~136,~~635~~414.9892

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.1007 1.1007 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 43 0 0 43 ~~425~~363,~~015~~800.1575 0.00 0.00 ~~425~~363,~~015~~800.1575 30 Days 2243 01 01 0 2245 26,~~110~~056,~~620~~855.0186 0184,309.0067 086,771.0050 0.00 26,~~110~~327,~~620~~937.0103 60 Days 64 0 1210 0 1814 ~~663~~313,~~872~~962.5180 0.00 1,~~098~~128,~~887~~804.6743 0.00 1,~~762~~442,~~760~~767.1823 90 Days 0 0 516 0 516 0.00 0.00 ~~706~~1,~~927~~760,370.1057 0.00 ~~706~~1,~~927~~760,370.1057 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 2847 4 1727 0 4978 26,~~774~~370,~~492~~818.5266 ~~425~~548,~~015~~110.1542 12,~~805~~975,~~814~~946.7750 0.00 59,~~005~~894,~~322~~875.4458 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.~~191479~~145208% 0.000000% 0.000000% 0.~~191479~~145208% 0.~~131989~~114344% 0.000000% 0.000000% 0.~~131989~~114344% 30 Days 12.~~053135~~081317% 0.~~000000~~048403% 0.~~000000~~048403% 0.000000% 12.~~053135~~178122% 01.~~655454~~903690% 0.~~000000~~057929% 0.~~000000~~027273% 0.000000% 01.~~655454~~988892% 60 Days 0.~~287219~~193611% 0.000000% 0.~~574438~~484027% 0.000000% 0.~~861656~~677638% 0.~~206166~~098680% 0.000000% 0.~~341260~~354787% 0.000000% 0.~~547426~~453467% 90 Days 0.000000% 0.000000% 0.~~239349~~774443% 0.000000% 0.~~239349~~774443% 0.000000% 0.000000% 0.~~219536~~553290% 0.000000% 0.~~219536~~553290% 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 12.~~340354~~274927% 0.~~191479~~193611% 01.~~813787~~306873% 0.000000% 23.~~345620~~775411% 02.~~861619~~002370% 0.~~131989~~172273% 0.~~560796~~935350% 0.000000% 13.~~554404~~109992%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~119,045~~0.3100

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~592987~~592359% Weighted Average Net Coupon 8.~~092988~~092359% Weighted Average Pass-Through Rate 8.~~084487~~083859% Weighted Average Maturity(Stepdown Calculation ) ~~345~~344 Beginning Scheduled Collateral Loan Count 2,~~103~~089 Number Of Loans Paid In Full 1423 Ending Scheduled Collateral Loan Count 2,~~089~~066 Beginning Scheduled Collateral Balance ~~324~~321,~~804~~923,~~716~~245.6108 Ending Scheduled Collateral Balance ~~321~~318,~~923~~093,~~245~~034.0839 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 ~~322~~318,~~009~~163,~~094~~971.2250 Monthly P &I Constant 2,~~552~~532,~~955~~625.5312 Special Servicing Fee 0.00 Prepayment Penalties 75101,~~035~~773.3073 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~321~~318,~~923~~093,~~245~~034.0839 Scheduled Principal 227,~~086~~558.5234 Unscheduled Principal 23,~~654~~602,~~385~~652.0135

Credit Enhancement Percentage 17.~~2380157820~~3923098644% Net WAC Rate Carryover Amount 0.00 Trigger Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 23,~~654~~602,~~385~~652.0135 Unscheduled Principal - Involuntary 0.00

Miscellaneous Reporting General Excess Available Amt 1,~~593~~577,~~567~~959.2431 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 2,799,888.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Target Overcollateralization Amt 2,799,888.00

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~168254~~160876 8.~~798633~~798967 8.~~592987~~592359 Weighted Average Net Rate 7.~~668255~~660877 8.~~298633~~298966 8.~~092988~~092359 Weighted Average Maturity ~~339~~338 ~~346~~ 345 344 Beginning Loan Count ~~498~~491 1,~~605~~598 2,~~103~~089 Loans Paid In Full 75 718 1423 Ending Loan Count ~~491~~486 1,~~598~~580 2,~~089~~066 Beginning Scheduled Balance ~~105~~104,~~959~~235,~~619~~795.2602 ~~218~~217,~~845~~687,~~097~~450.3506 ~~324~~321,~~804~~923,~~716~~245.6108 Ending scheduled Balance ~~104~~103,~~235~~410,~~795~~310.02 ~~217~~214,~~687~~682,~~450~~724.0637 ~~321~~318,~~923~~093,~~245~~034.0839 Record Date 0809/3130/2002 0809/3130/2002 0809/3130/2002 Principal And Interest Constant ~~814~~803,~~955~~757.0087 1,~~738~~728,~~000~~867.5325 2,~~552~~532,~~955~~625.5312 Scheduled Principal 9394,~~700~~878.7233 ~~133~~132,~~385~~680.8001 227,~~086~~558.5234 Unscheduled Principal 1730,~~630,123~~606.5267 12,~~024~~872,~~261~~045.4968 23,~~654~~602,~~385~~652.0135 Scheduled Interest ~~721~~708,~~254~~879.2854 1,~~604~~596,~~614~~187.7324 2,~~325~~305,~~869~~066.0178 Servicing Fees 4443,~~149~~431.8757 9190,~~185~~703.4508 ~~135~~134,~~335~~134.3265 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~750~~738.5231 1,~~550~~541.1496 2,~~300~~280.6627 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 ~~677~~665,~~104~~447.5197 1,~~513~~505,~~429~~484.3300 2,~~190~~170,~~533~~931.8497 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.~~659754~~652376 8.~~290133~~290467 8.~~084487~~083859

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