8-K 1 sac02al1.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 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82146-04 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 October 25, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-AL1 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-AL1 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. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust By: Wells Fargo Bank Minnesota, NA, 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 Mortgage Pass-Through Certificates, Series 2002-AL1 Trust, relating to the October 25, 2002 distribution. EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 89/3130/02 ~~Distribution Date: 9~~10/25/02 Distribution Date: SASC Series: 2002-AL1 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 86358RXX0 SEN 3.45000% ~~101~~100,~~994~~058,~~678~~220.0600 ~~293~~287,~~234~~667.6638 12,~~936~~323,~~458~~887.0741 A-2 86358RXY8 SEN 3.45000% ~~141~~138,~~107~~408,~~627~~970.3516 ~~405~~397,~~684~~925.3879 2,~~698~~253,~~657~~656.1971 A-3 86358RXZ5 SEN 3.45000% ~~387~~382,~~072~~031,~~253~~778.7260 1,~~112~~098,~~832~~341.5936 54,~~040~~650,~~475~~923.1238 A-PO 86358RYB7 PO 0.00000% 109,~~127~~957,~~339~~095.5053 0.00 ~~170~~137,~~243~~709.9823 A-IO 86358RYA9 IO 3.45000% 0.00 ~~107~~105,~~370~~865.5835 0.00 B-1 86358RYC5 SUB 3.45000% 20,~~656~~577,~~605~~031.9822 59,~~387~~158.7396 7984,~~574~~696.7647 B-2 86358RYD3 SUB 3.45000% 15,~~786~~725,~~182~~370.6809 45,~~385~~210.2744 6064,~~812~~726.5970 B-3 86358RYE1 SUB 3.45000% 11,~~839~~794,~~880~~270.9759 3433,~~039~~908.6553 4548,~~610~~546.3803 B-4 86358RXU6 SUB 3.45000% 9,~~810~~772,~~131~~340.3308 28,~~204~~095.1248 3740,~~791~~223.2462 B-5 86358RXV4 SUB 3.45000% 7,~~682~~653,~~797~~201.5738 22,~~088~~002.0495 2931,~~596~~501.1910 B-6 86358RXW2 SUB 3.45000% 17,~~508~~441,~~459~~011.2398 50,~~336~~142.8191 6462,~~193~~708.8354 O SAS02AL1O RES 3.45000% 100.00 0.29 0.00 Totals ~~723~~713,~~586~~419,~~056~~389.3963 2,~~158~~128,~~564~~319.1244 109,~~163~~698,~~413~~579.3519

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~100~~97,~~058~~734,~~220~~332.0059 2,~~229~~611,~~692~~554.7379 0.00 A-2 0.00 ~~138~~136,~~408~~155,~~970~~313.1644 32,~~104~~651,~~341~~582.5750 0.00 A-3 0.00 ~~382~~377,~~031~~380,~~778~~855.6022 65,~~153~~749,~~307~~264.7174 0.00 A-PO 0.00 9,~~957~~819,~~095~~386.5330 ~~170~~137,~~243~~709.9823 0.00 A-IO 0.00 0.00 ~~107~~105,~~370~~865.5835 0.00 B-1 0.00 20,~~577~~492,~~031~~334.2275 ~~138~~143,~~962~~855.4943 0.00 B-2 0.00 15,~~725~~660,~~370~~643.0939 ~~106~~109,~~197~~937.8614 0.00 B-3 0.00 11,~~794~~745,~~270~~724.5956 7982,~~650~~454.0356 0.00 B-4 0.00 9,~~772~~732,~~340~~116.0846 6568,~~995~~319.3610 0.00 B-5 0.00 7,~~653~~621,~~201~~700.3828 5153,~~684~~504.2305 0.00 B-6 39,~~253~~079.4386 17,~~441~~369,~~011~~223.9857 ~~114~~112,~~530~~851.6445 1423,~~610~~690.3016 O 0.00 100.00 0.29 0.00 Totals 39,~~253~~079.4386 ~~713~~703,~~419~~711,~~389~~730.6356 1211,~~321~~826,~~977~~898.4763 1423,~~610~~690.3016 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-1 117,197,000.00 ~~101~~100,~~994~~058,~~678~~220.0600 ~~474~~495,~~827~~217.3823 1,~~461~~828,~~630~~670.6917 0.00 0.00 A-2 155,630,000.00 ~~141~~138,~~107~~408,~~627~~970.3516 ~~547~~564,~~086~~836.5489 21,~~151~~688,~~570~~819.6582 0.00 0.00 A-3 416,837,000.00 ~~387~~382,~~072~~031,~~253~~778.7260 1,~~406~~495,~~752~~726.8986 3,~~633~~155,~~722~~196.2352 0.00 0.00 A-PO 11,064,295.07 109,~~127~~957,~~339~~095.5053 4243,~~440~~528.7442 ~~127~~94,~~803~~180.2381 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 21,168,000.00 20,~~656~~577,~~605~~031.9822 7984,~~574~~696.7647 0.00 0.00 0.00 B-2 16,177,000.00 15,~~786~~725,~~182~~370.6809 6064,~~812~~726.5970 0.00 0.00 0.00 B-3 12,133,000.00 11,~~839~~794,~~880~~270.9759 4548,~~610~~546.3803 0.00 0.00 0.00 B-4 10,053,000.00 9,~~810~~772,~~131~~340.3308 3740,~~791~~223.2462 0.00 0.00 0.00 B-5 7,873,000.00 7,~~682~~653,~~797~~201.5738 2931,~~596~~501.1910 0.00 0.00 0.00 B-6 17,942,015.00 17,~~508~~441,~~459~~011.2398 6462,~~193~~708.8354 0.00 0.00 39,~~253~~079.4386 O 100.00 100.00 0.00 0.00 0.00 0.00 Totals 786,074,410.07 ~~723~~713,~~586~~419,~~056~~389.3963 2,~~788~~931,~~686~~711.5486 76,~~374~~766,~~726~~867.8032 0.00 39,~~253~~079.4386 (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 12,~~936~~323,~~458~~887.0741 ~~100~~97,~~058~~734,~~220~~332.0059 0.~~85376093~~83393203 12,~~936~~323,~~458~~887.0741 A-2 2,~~698~~253,~~657~~656.1971 ~~138~~136,~~408~~155,~~970~~313.1644 0.~~88934634~~87486547 2,~~698~~253,~~657~~656.1971 A-3 54,~~040~~650,~~475~~923.1238 ~~382~~377,~~031~~380,~~778~~855.6022 0.~~91650160~~90534395 54,~~040~~650,~~475~~923.1238 A-PO ~~170~~137,~~243~~709.9823 9,~~957~~819,~~095~~386.5330 0.~~89993040~~88748413 ~~170~~137,~~243~~709.9823 A-IO 0.00 0.00 0.00000000 0.00 B-1 7984,~~574~~696.7647 20,~~577~~492,~~031~~334.2275 0.~~97208197~~96808082 7984,~~574~~696.7647 B-2 6064,~~812~~726.5970 15,~~725~~660,~~370~~643.0939 0.~~97208197~~96808082 6064,~~812~~726.5970 B-3 4548,~~610~~546.3803 11,~~794~~745,~~270~~724.5956 0.~~97208197~~96808082 4548,~~610~~546.3803 B-4 3740,~~791~~223.2462 9,~~772~~732,~~340~~116.0846 0.~~97208197~~96808082 3740,~~791~~223.2462 B-5 2931,~~596~~501.1910 7,~~653~~621,~~201~~700.3828 0.~~97208197~~96808082 2931,~~596~~501.1910 B-6 6771,~~447~~788.2640 17,~~441~~369,~~011~~223.9857 0.~~97207655~~96807541 6462,~~193~~708.8354 O 0.00 100.00 1.00000000 0.00 Totals 109,~~166~~707,~~666~~659.7805 ~~713~~703,~~419~~711,~~389~~730.6356 0.~~90757234~~89522280 109,~~163~~698,~~413~~579.3519

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 117,197,000.00 ~~870~~853.~~28403509~~76093245 4.~~05153187~~22551115 1215.~~47157086~~60338720 0.00000000 A-2 155,630,000.00 ~~906~~889.~~68654726~~34633528 3.~~51530258~~62935739 1310.~~82490940~~85150562 0.00000000 A-3 416,837,000.00 ~~928~~916.~~59379978~~50160278 3.~~37482731~~58827758 87.~~71736969~~56937729 0.00000000 A-PO 11,064,295.07 ~~915~~899.~~31719246~~93040379 3.~~83582865~~93413405 118.~~55096002~~51213832 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 21,168,000.00 ~~975~~972.~~84117441~~08197373 34.~~75920068~~00115599 0.00000000 0.00000000 B-2 16,177,000.00 ~~975~~972.~~84117451~~08197379 34.~~75920072~~00115596 0.00000000 0.00000000 B-3 12,133,000.00 ~~975~~972.~~84117448~~08197396 34.~~75920053~~00115635 0.00000000 0.00000000 B-4 10,053,000.00 ~~975~~972.~~84117477~~08197354 34.~~75920024~~00115587 0.00000000 0.00000000 B-5 7,873,000.00 ~~975~~972.~~84117490~~08197383 34.~~75920107~~00115585 0.00000000 0.00000000 B-6 17,942,015.00 ~~975~~972.~~83572581~~07654659 3.~~57784953~~49506675 0.00000000 0.00000000 O 100.00 1000.00000000 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 A-1 0.00000000 1619.~~52310272~~82889844 ~~853~~833.~~76093245~~93203401 0.~~85376093~~83393203 1619.~~52310272~~82889844 A-2 0.00000000 1714.~~34021198~~48086301 ~~889~~874.~~34633528~~86547221 0.~~88934634~~87486547 1714.~~34021198~~48086301 A-3 0.00000000 1211.~~09219700~~15765486 ~~916~~905.~~50160278~~34394792 0.~~91650160~~90534395 1211.~~09219700~~15765486 A-PO 0.00000000 1512.~~38678957~~44627237 ~~899~~887.~~93040379~~48413142 0.~~89993040~~88748413 1512.~~38678957~~44627237 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 34.~~75920068~~00115599 ~~972~~968.~~08197373~~08081774 0.~~97208197~~96808082 34.~~75920068~~00115599 B-2 0.00000000 34.~~75920072~~00115596 ~~972~~968.~~08197379~~08081783 0.~~97208197~~96808082 34.~~75920072~~00115596 B-3 0.00000000 34.~~75920053~~00115635 ~~972~~968.~~08197396~~08081760 0.~~97208197~~96808082 34.~~75920053~~00115635 B-4 0.00000000 34.~~75920024~~00115587 ~~972~~968.~~08197354~~08081767 0.~~97208197~~96808082 34.~~75920024~~00115587 B-5 0.00000000 34.~~75920107~~00115585 ~~972~~968.~~08197383~~08081799 0.~~97208197~~96808082 34.~~75920107~~00115585 B-6 0.~~18133025~~50606690 34.~~75917978~~00113365 ~~972~~968.~~07654659~~07541238 0.~~97207655~~96807541 3.~~57784953~~49506675 O 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-1 117,197,000.00 3.45000% ~~101~~100,~~994~~058,~~678~~220.0600 ~~293~~287,~~234~~667.7038 0.00 0.00 A-2 155,630,000.00 3.45000% ~~141~~138,~~107~~408,~~627~~970.3516 ~~405~~397,~~684~~925.4379 0.00 0.00 A-3 416,837,000.00 3.45000% ~~387~~382,~~072~~031,~~253~~778.7260 1,~~112~~098,~~832~~341.7336 0.00 0.00 A-PO 11,064,295.07 0.00000% 109,~~127~~957,~~339~~095.5053 0.00 0.00 0.00 A-IO 0.00 3.45000% 3736,~~346~~822,~~295~~731.2106 ~~107~~105,~~370~~865.5922 0.00 0.00 B-1 21,168,000.00 3.45000% 20,~~656~~577,~~605~~031.9822 59,~~387~~158.7496 0.00 0.00 B-2 16,177,000.00 3.45000% 15,~~786~~725,~~182~~370.6809 45,~~385~~210.2844 0.00 0.00 B-3 12,133,000.00 3.45000% 11,~~839~~794,~~880~~270.9759 3433,~~039~~908.6653 0.00 0.00 B-4 10,053,000.00 3.45000% 9,~~810~~772,~~131~~340.3308 28,~~204~~095.1348 0.00 0.00 B-5 7,873,000.00 3.45000% 7,~~682~~653,~~797~~201.5738 22,~~088~~002.0495 0.00 0.00 B-6 17,942,015.00 3.45000% 17,~~508~~441,~~459~~011.2398 50,~~336~~142.8291 0.00 0.00 O 100.00 3.45000% 100.00 0.29 0.00 0.00 Totals 786,074,410.07 2,~~158~~128,~~564~~319.4131 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 ~~293~~287,~~234~~667.6638 0.00 ~~100~~97,~~058~~734,~~220~~332.0059 A-2 0.00 0.00 ~~405~~397,~~684~~925.3879 0.00 ~~138~~136,~~408~~155,~~970~~313.1644 A-3 0.00 0.00 1,~~112~~098,~~832~~341.5936 0.00 ~~382~~377,~~031~~380,~~778~~855.6022 A-PO 0.00 0.00 0.00 0.00 9,~~957~~819,~~095~~386.5330 A-IO 0.00 0.00 ~~107~~105,~~370~~865.5835 0.00 36,~~822~~158,~~731~~191.0675 B-1 0.00 0.00 59,~~387~~158.7396 0.00 20,~~577~~492,~~031~~334.2275 B-2 0.00 0.00 45,~~385~~210.2744 0.00 15,~~725~~660,~~370~~643.0939 B-3 0.00 0.00 3433,~~039~~908.6553 0.00 11,~~794~~745,~~270~~724.5956 B-4 0.00 0.00 28,~~204~~095.1248 0.00 9,~~772~~732,~~340~~116.0846 B-5 0.00 0.00 22,~~088~~002.0495 0.00 7,~~653~~621,~~201~~700.3828 B-6 0.00 0.00 50,~~336~~142.8191 0.00 17,~~441~~369,~~011~~223.9857 O 0.00 0.00 0.29 0.00 100.00 Totals 0.00 0.00 2,~~158~~128,~~564~~319.1244 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-1 117,197,000.00 3.45000% ~~870~~853.~~28403509~~76093245 2.~~50206661~~45456266 0.00000000 0.00000000 A-2 155,630,000.00 3.45000% ~~906~~889.~~68654726~~34633528 2.~~60672383~~55687072 0.00000000 0.00000000 A-3 416,837,000.00 3.45000% ~~928~~916.~~59379978~~50160278 2.~~66970718~~63494210 0.00000000 0.00000000 A-PO 11,064,295.07 0.00000% ~~915~~899.~~31719246~~93040379 0.00000000 0.00000000 0.00000000 A-IO 0.00 3.45000% ~~906~~893.~~68651645~~97552189 2.~~60672352~~57017643 0.00000000 0.00000000 B-1 21,168,000.00 3.45000% ~~975~~972.~~84117441~~08197373 2.~~80554327~~79473545 0.00000000 0.00000000 B-2 16,177,000.00 3.45000% ~~975~~972.~~84117451~~08197379 2.~~80554367~~79473574 0.00000000 0.00000000 B-3 12,133,000.00 3.45000% ~~975~~972.~~84117448~~08197396 2.~~80554356~~79473584 0.00000000 0.00000000 B-4 10,053,000.00 3.45000% ~~975~~972.~~84117477~~08197354 2.~~80554362~~79473590 0.00000000 0.00000000 B-5 7,873,000.00 3.45000% ~~975~~972.~~84117490~~08197383 2.~~80554300~~79473517 0.00000000 0.00000000 B-6 17,942,015.00 3.45000% ~~975~~972.~~83572581~~07654659 2.~~80552770~~79472010 0.00000000 0.00000000 O 100.00 3.45000% 1000.00000000 2.90000000 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 A-1 0.00000000 0.00000000 2.~~50206626~~45456266 0.00000000 ~~853~~833.~~76093245~~93203401 A-2 0.00000000 0.00000000 2.~~60672351~~55687072 0.00000000 ~~889~~874.~~34633528~~86547221 A-3 0.00000000 0.00000000 2.~~66970684~~63494210 0.00000000 ~~916~~905.~~50160278~~34394792 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~899~~887.~~93040379~~48413142 A-IO 0.00000000 0.00000000 2.~~60672328~~57017958 0.00000000 ~~893~~877.~~97552189~~84195821 B-1 0.00000000 0.00000000 2.~~80554280~~79473545 0.00000000 ~~972~~968.~~08197373~~08081774 B-2 0.00000000 0.00000000 2.~~80554305~~79473574 0.00000000 ~~972~~968.~~08197379~~08081783 B-3 0.00000000 0.00000000 2.~~80554273~~79473584 0.00000000 ~~972~~968.~~08197396~~08081760 B-4 0.00000000 0.00000000 2.~~80554262~~79473590 0.00000000 ~~972~~968.~~08197354~~08081767 B-5 0.00000000 0.00000000 2.~~80554300~~79473517 0.00000000 ~~972~~968.~~08197383~~08081799 B-6 0.00000000 0.00000000 2.~~80552714~~79472010 0.00000000 ~~972~~968.~~07654659~~07541238 O 0.00000000 0.00000000 2.90000000 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-1 (a) 3.45000% 0.00 0.00 ~~60,324,383.98~~ 58,387,925.92 7756,064,038.~~30765589~~51 74.23074769% A-1 (b) 3.45000% 0.00 0.00 41,670,294.08 41,670,294.08 100.00000000% A-2 (1) 3.45000% 0.00 0.00 5,776,810.75 5,776,810.75 100.00000000% A-2 (2) 3.45000% 0.00 0.00 ~~135,330,816.60~~ 132,632,159.41 88130,378,502.~~50806584~~69 87.00415610% A-3 (1) 3.45000% 0.00 0.00 31,021,012.03 31,021,012.03 100.00000000% A-3 (2) 3.45000% 0.00 0.00 ~~87,300,289.95~~ 85,559,418.50 8884,105,611.~~50806584~~53 87.00415610% A-3 (3) 3.45000% 0.00 0.00 ~~268,750,951.74~~ 265,451,348.07 91262,254,231.~~80482555~~65 90.69912118% A-PO (1) 0.00000% 0.00 0.00 2,~~782~~741,~~775~~552.3884 2,~~741~~696,~~552~~716.8482 8987.~~11324661~~65586696% A-PO (2) 0.00000% 0.00 0.00 4,~~427~~341,~~003~~439.9058 4,~~341~~274,~~439~~415.5848 8988.~~73295304~~34763596% A-PO (3) 0.00000% 0.00 0.00 2,~~917~~874,~~560~~103.2212 2,~~874~~848,~~103~~254.1200 9190.~~25192225~~43122035% A-IO (1) 3.45000% 4,~~254~~145,~~484~~048.5979 4,~~145~~059,~~048~~436.7953 0.00 0.00 8987.~~31432063~~46961356% A-IO (2) 3.45000% 9,~~874~~706,~~182~~468.9245 9,~~706~~401,~~468~~477.4591 0.00 0.00 8481.~~19616445~~55060558% A-IO (3) 3.45000% 2322,~~217~~971,~~627~~213.7082 22,~~971~~697,~~213~~277.8231 0.00 0.00 9190.~~80956582~~71471762%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1211,~~382~~894,~~939~~619.9104 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8987,~~583~~633.5714 Realized Losses 0(6,925.0054) Prepayment Penalties 0.00 Total Deposits 1211,~~472~~975,~~523~~326.4864 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~150~~148,~~546~~428.01 Payment of Interest and Principal 1211,~~321~~826,~~977~~898.4763 Total Withdrawals (Pool Distribution Amount) 1211,~~472~~975,~~523~~326.4864 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~150~~148,~~546~~428.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~150~~148,~~546~~428.01

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 ~~558~~407 0 0 0 ~~558~~407 1511,~~220~~482,~~138~~574.3359 0.00 0.00 0.00 1511,~~220~~482,~~138~~574.3359 60 Days ~~187~~123 0 0 0 ~~187~~123 53,~~354~~538,~~983~~595.6264 0.00 0.00 0.00 53,~~354~~538,~~983~~595.6264 90 Days 63107 0 0 0 63107 12,~~431~~818,~~299~~564.2298 0.00 0.00 0.00 12,~~431~~818,~~299~~564.2298 120 Days 3141 0 0 0 3141 ~~951~~809,~~860~~870.7207 0.00 0.00 0.00 ~~951~~809,~~860~~870.7207 150 Days 2124 0 0 0 2124 ~~715~~733,~~247~~859.0989 0.00 0.00 0.00 ~~715~~733,~~247~~859.0989 180+ Days 5669 0 0 0 5669 12,~~566~~119,~~302~~136.2935 0.00 0.00 0.00 12,~~566~~119,~~302~~136.2935 Totals ~~916~~771 0 0 0 ~~916~~771 2521,~~239~~502,~~831~~601.2752 0.00 0.00 0.00 2521,~~239~~502,~~831~~601.2752 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 21.~~428515~~794137% 0.000000% 0.000000% 0.000000% 21.~~428515~~794137% 21.~~133407~~631716% 0.000000% 0.000000% 0.000000% 21.~~133407~~631716% 60 Days 0.~~813857~~542209% 0.000000% 0.000000% 0.000000% 0.~~813857~~542209% 0.~~750608~~502847% 0.000000% 0.000000% 0.000000% 0.~~750608~~502847% 90 Days 0.~~274187~~471677% 0.000000% 0.000000% 0.000000% 0.~~274187~~471677% 0.~~200625~~400528% 0.000000% 0.000000% 0.000000% 0.~~200625~~400528% 120 Days 0.~~134918~~180736% 0.000000% 0.000000% 0.000000% 0.~~134918~~180736% 0.~~133422~~115085% 0.000000% 0.000000% 0.000000% 0.~~133422~~115085% 150 Days 0.~~091396~~105797% 0.000000% 0.000000% 0.000000% 0.~~091396~~105797% 0.~~100256~~104284% 0.000000% 0.000000% 0.000000% 0.~~100256~~104284% 180+ Days 0.~~243722~~304166% 0.000000% 0.000000% 0.000000% 0.~~243722~~304166% 0.~~219549~~301137% 0.000000% 0.000000% 0.000000% 0.~~219549~~301137% Totals 3.~~986595~~398722% 0.000000% 0.000000% 0.000000% 3.~~986595~~398722% 3.~~537867~~055598% 0.000000% 0.000000% 0.000000% 3.~~537867~~055598%

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 6242 0 0 0 6242 1,~~501~~372,~~027~~001.8591 0.00 0.00 0.00 1,~~501~~372,~~027~~001.8591 60 Days 1014 0 0 0 1014 399,~~517~~868.3109 0.00 0.00 0.00 399,~~517~~868.3109 90 Days 13 0 0 0 13 4163,~~808~~522.9822 0.00 0.00 0.00 4163,~~808~~522.9822 120 Days 10 0 0 0 10 ~~30,534~~0.0300 0.00 0.00 0.00 ~~30,534~~0.0300 150 Days 01 0 0 0 01 030,534.0003 0.00 0.00 0.00 030,534.0003 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7460 0 0 0 7460 1,~~972~~865,~~888~~926.1725 0.00 0.00 0.00 1,~~972~~865,~~888~~926.1725 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~275720~~876644% 0.000000% 0.000000% 0.000000% 10.~~275720~~876644% 0.~~948455~~880482% 0.000000% 0.000000% 0.000000% 0.~~948455~~880482% 60 Days 0.~~205761~~292215% 0.000000% 0.000000% 0.000000% 0.~~205761~~292215% 0.~~252443~~256615% 0.000000% 0.000000% 0.000000% 0.~~252443~~256615% 90 Days 0.~~020576~~062617% 0.000000% 0.000000% 0.000000% 0.~~020576~~062617% 0.~~026418~~040765% 0.000000% 0.000000% 0.000000% 0.~~026418~~040765% 120 Days 0.~~020576~~000000% 0.000000% 0.000000% 0.000000% 0.~~020576~~000000% 0.~~019294~~000000% 0.000000% 0.000000% 0.000000% 0.~~019294~~000000% 150 Days 0.~~000000~~020872% 0.000000% 0.000000% 0.000000% 0.~~000000~~020872% 0.~~000000~~019595% 0.000000% 0.000000% 0.000000% 0.~~000000~~019595% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~522634~~252348% 0.000000% 0.000000% 0.000000% 1.~~522634~~252348% 1.~~246610~~197457% 0.000000% 0.000000% 0.000000% 1.~~246610~~197457% 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 ~~116~~84 0 0 0 ~~116~~84 32,~~854~~934,~~281~~404.3713 0.00 0.00 0.00 32,~~854~~934,~~281~~404.3713 60 Days 5224 0 0 0 5224 2801,~~039,544~~076.7404 0.00 0.00 0.00 2801,~~039,544~~076.7404 90 Days 1432 0 0 0 1432 ~~295~~1,~~484~~149,495.3828 0.00 0.00 0.00 ~~295~~1,~~484~~149,495.3828 120 Days 910 0 0 0 910 ~~159~~193,~~652~~422.8061 0.00 0.00 0.00 ~~159~~193,~~652~~422.8061 150 Days 48 0 0 0 48 ~~194~~158,~~555~~124.1447 0.00 0.00 0.00 ~~194~~158,~~555~~124.1447 180 Days 1214 0 0 0 1214 ~~303~~446,~~120~~864.8533 0.00 0.00 0.00 ~~303~~446,~~120~~864.8533 Totals ~~207~~172 0 0 0 ~~207~~172 65,~~846~~683,~~639~~386.2886 0.00 0.00 0.00 65,~~846~~683,~~639~~386.2886 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~640968~~209329% 0.000000% 0.000000% 0.000000% 1.~~640968~~209329% 1.~~527943~~181551% 0.000000% 0.000000% 0.000000% 1.~~527943~~181551% 60 Days 0.~~735606~~345523% 0.000000% 0.000000% 0.000000% 0.~~735606~~345523% 0.~~808532~~322557% 0.000000% 0.000000% 0.000000% 0.~~808532~~322557% 90 Days 0.~~198048~~460697% 0.000000% 0.000000% 0.000000% 0.~~198048~~460697% 0.~~117138~~462850% 0.000000% 0.000000% 0.000000% 0.~~117138~~462850% 120 Days 0.~~127316~~143968% 0.000000% 0.000000% 0.000000% 0.~~127316~~143968% 0.~~063291~~077882% 0.000000% 0.000000% 0.000000% 0.~~063291~~077882% 150 Days 0.~~056585~~115174% 0.000000% 0.000000% 0.000000% 0.~~056585~~115174% 0.~~077127~~063670% 0.000000% 0.000000% 0.000000% 0.~~077127~~063670% 180 Days 0.~~169755~~201555% 0.000000% 0.000000% 0.000000% 0.~~169755~~201555% 0.~~120165~~179932% 0.000000% 0.000000% 0.000000% 0.~~120165~~179932% Totals 2.~~928278~~476245% 0.000000% 0.000000% 0.000000% 2.~~928278~~476245% 2.~~714197~~288442% 0.000000% 0.000000% 0.000000% 2.~~714197~~288442% 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 ~~380~~281 0 0 0 ~~380~~281 97,~~864~~176,~~829~~168.1155 0.00 0.00 0.00 97,~~864~~176,~~829~~168.1155 60 Days ~~125~~85 0 0 0 ~~125~~85 2,~~915~~337,~~921~~651.5751 0.00 0.00 0.00 2,~~915~~337,~~921~~651.5751 90 Days 4872 0 0 0 4872 1,~~094~~605,~~005~~547.8648 0.00 0.00 0.00 1,~~094~~605,~~005~~547.8648 120 Days 2131 0 0 0 2131 ~~761~~616,~~673~~447.8946 0.00 0.00 0.00 ~~761~~616,~~673~~447.8946 150 Days 1715 0 0 0 1715 ~~520~~545,~~691~~201.9539 0.00 0.00 0.00 ~~520~~545,~~691~~201.9539 180 Days 4455 0 0 0 4455 1,~~263~~672,~~181~~272.4402 0.00 0.00 0.00 1,~~263~~672,~~181~~272.4402 Totals ~~635~~539 0 0 0 ~~635~~539 1613,~~420~~953,~~303~~288.8241 0.00 0.00 0.00 1613,~~420~~953,~~303~~288.8241 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 32.~~439537~~566679% 0.000000% 0.000000% 0.000000% 32.~~439537~~566679% 32.~~256727~~395763% 0.000000% 0.000000% 0.000000% 32.~~256727~~395763% 60 Days 10.~~131427~~776398% 0.000000% 0.000000% 0.000000% 10.~~131427~~776398% 0.~~962648~~780425% 0.000000% 0.000000% 0.000000% 0.~~962648~~780425% 90 Days 0.~~434468~~657654% 0.000000% 0.000000% 0.000000% 0.~~434468~~657654% 0.~~361170~~536012% 0.000000% 0.000000% 0.000000% 0.~~361170~~536012% 120 Days 0.~~190080~~283157% 0.000000% 0.000000% 0.000000% 0.~~190080~~283157% 0.~~251455~~205801% 0.000000% 0.000000% 0.000000% 0.~~251455~~205801% 150 Days 0.~~153874~~137011% 0.000000% 0.000000% 0.000000% 0.~~153874~~137011% 0.~~171899~~182015% 0.000000% 0.000000% 0.000000% 0.~~171899~~182015% 180 Days 0.~~398262~~502375% 0.000000% 0.000000% 0.000000% 0.~~398262~~502375% 0.~~417021~~558288% 0.000000% 0.000000% 0.000000% 0.~~417021~~558288% Totals 54.~~747647~~923274% 0.000000% 0.000000% 0.000000% 54.~~747647~~923274% 54.~~420920~~658303% 0.000000% 0.000000% 0.000000% 54.~~420920~~658303%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8987,~~583~~633.5714

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 372,522.00 0.04739017% 372,522.00 0.~~05221641~~05293673% Fraud 23,582,230.00 2.99999971% 23,582,230.00 3.~~30552132~~35112078% Special Hazard 24,500,000.00 3.11675329% 24,500,000.00 3.~~43416514~~48153923% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon ~~Rate~~ 3.~~829444~~829579% Weighted Average ~~Net Rate 3.579778% Weighted Average~~ Pass -Through Rate 3.~~579778~~576295% Weighted Average Maturity(Stepdown 1Calculation ~~Record~~) ~~Date~~1 ~~08/31/2002~~Beginning ~~Principal~~Scheduled ~~and~~Collateral ~~Interest Constant 5,101,050.21 Beginning~~ Loan Count 2322,~~292~~977 Number Of Loans Paid inIn Full ~~315~~292 Ending Scheduled Collateral Loan Count 22,~~977~~685 Beginning Scheduled Collateral Balance ~~723~~713,~~586~~419,~~056~~389.3862 Ending Scheduled Collateral Balance ~~713~~703,~~419~~711,~~389~~730.6255 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 ~~713~~703,~~419~~711,~~389~~730.6255 ~~Scheduled~~Monthly ~~Principal~~P ~~2,791,939.96~~&I ~~Unscheduled~~Constant ~~Principal 7~~5,~~374~~215,~~726~~384.8023 ~~Scheduled~~Special ~~Interest 2,309,110.25~~ Servicing Fee ~~150,546.01 Master Servicing Fee~~ 0.00 ~~Trustee~~Prepayment ~~Fee~~Penalties 0.00 ~~FRY~~Realized Loss Amount 06,925.0054 ~~Special~~Cumulative ~~Hazard~~Realized ~~Fee~~Loss 06,925.0054 ~~Other~~Class ~~Fee~~A ~~0.00~~Non-PO ~~Pool~~Optimal ~~Insurance~~Amount ~~Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2~~10,~~158~~980,~~564~~558.2429 ~~Realized~~Class ~~Loss~~AP Deferred Amount 0.00 ~~Cumulative~~Ending ~~Realized~~Scheduled ~~Loss~~Balance ~~0.00~~for ~~Percentage~~Premium ofLoans ~~Cumulative Losses 0~~703,711,730.0055 ~~Special~~Scheduled ~~Servicing~~Principal ~~Fee 0~~2,940,791.0074 ~~Prepayment~~Unscheduled ~~Penalties~~Principal 06,766,867.0033

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 3.~~731673~~730594 3.~~772881~~773098 3.~~928025~~928333 Weighted Average Net Rate 3.~~481674~~480594 3.~~523152~~523374 3.~~678586~~678899 Weighted Average Maturity ~~319~~318 ~~314~~313 ~~316~~315 Beginning Loan Count 4,~~922~~860 7,~~216~~069 11,~~154~~048 Loans Paid In Full 6269 ~~147~~123 ~~106~~100 Ending Loan Count 4,~~860~~791 76,~~069~~946 1110,~~048~~948 Beginning Scheduled Balance ~~160~~158,~~302~~260,~~025~~278.7244 ~~256~~252,~~898~~252,~~612~~886.6385 ~~306~~302,~~385~~906,~~418~~224.0333 Ending scheduled Balance ~~158~~155,~~260~~824,~~278~~023.4460 ~~252~~248,~~252~~351,~~886~~831.8589 ~~302~~299,~~906~~535,~~224~~875.3306 Record Date 0809/3130/2002 0809/3130/2002 0809/3130/2002 Principal And Interest Constant 1,~~047~~064,~~355~~798.3027 1,~~845~~866,~~612~~280.9675 2,~~208~~284,~~081~~305.9521 Scheduled Principal ~~548~~572,~~859~~794.6422 1,~~037~~073,~~906~~216.4820 1,~~205~~294,~~173~~781.8432 Unscheduled Principal 1,~~492~~863,~~887~~460.6462 32,~~607~~827,~~819~~838.3076 2,~~274~~075,~~019~~567.8695 Scheduled Interest ~~498~~492,~~495~~004.6605 ~~807~~793,~~706~~064.4855 1989,~~002,908~~523.1189 Servicing Fees 3332,~~396~~970.2186 5352,~~462~~494.5056 6362,~~687~~962.3059 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 ~~465~~459,~~099~~033.4519 ~~754~~740,~~243~~569.9899 ~~939~~926,~~220~~561.8130 Realized Loss Amount 0.00 0.00 06,925.0054 Cumulative Realized Loss 0.00 0.00 06,925.0054 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 3.~~481673~~480594 3.~~523152~~523374 3.~~678586~~678899

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 3.~~829444~~829579 Weighted Average Net Rate 3.~~579778~~576295 Weighted Average Maturity 1 Beginning Loan Count 2322,~~292~~977 Loans Paid In Full ~~315~~292 Ending Loan Count 22,~~977~~685 Beginning Scheduled Balance ~~723~~713,~~586~~419,~~056~~389.3862 Ending scheduled Balance ~~713~~703,~~419~~711,~~389~~730.6255 Record Date 0809/3130/2002 Principal And Interest Constant 5,~~101~~215,~~050~~384.2123 Scheduled Principal 2,~~791~~940,~~939~~791.9674 Unscheduled Principal 76,~~374~~766,~~726~~867.8033 Scheduled Interest 2,~~309~~274,~~110~~592.2549 Servicing Fees ~~150~~148,~~546~~428.01 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~158~~126,~~564~~164.2448 Realized Loss Amount 06,925.0054 Cumulative Realized Loss 06,925.0054 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 3.~~579778~~576295

Filing Compare · STRUCTURED ASSET SEC CORP PASS THROUGH CERT SERIES 2002-AL1