8-K 1 opt02003.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 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 October 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 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 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: 11/1/02 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 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: 2002-3 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.~~06000~~06375% ~~809~~802,~~903~~550,~~690~~000.1934 1,~~390~~380,~~334~~218.6780 79,~~353~~435,~~689~~837.8583 A2 68389FCG7 SEN 2.~~08000~~08375% ~~345~~342,~~813~~981,~~606~~720.4446 ~~599~~595,~~410~~573.2547 24,~~831~~614,~~885~~756.9899 S 68389FCL6 SEN 5.50000% 0.00 607,291.67 0.00 M1 68389FCH5 MEZ 2.~~46000~~46375% 53,000,000.00 108,~~650~~815.0063 0.00 M2 68389FCJ1 MEZ 2.~~94000~~94375% 46,375,000.00 113,~~618~~763.7567 0.00 M3 68389FCK8 MEZ 3.~~66000~~66375% 39,750,000.00 121,~~237~~361.5072 0.00 C OPT02003C JUN 0.00000% 6,624,900.00 5,~~592~~537,~~110~~329.7222 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 ~~238~~261,~~157~~747.6316 0.00 Totals 1,~~301~~291,~~467~~281,~~296~~720.638 8,~~770~~726,~~811~~101.1934 1014,~~185~~050,~~575~~594.8382

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~802~~793,~~550~~114,~~000~~162.3451 810,~~744~~816,~~024~~056.5263 0.00 A2 0.00 ~~342~~338,~~981~~366,~~720~~963.4647 35,~~431~~210,~~296~~330.2346 0.00 S 0.00 0.00 607,291.67 0.00 M1 0.00 53,000,000.00 108,~~650~~815.0063 0.00 M2 0.00 46,375,000.00 113,~~618~~763.7567 0.00 M3 0.00 39,750,000.00 121,~~237~~361.5072 0.00 C 0.00 6,624,900.00 5,~~592~~537,~~110~~329.7222 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 ~~238~~261,~~157~~747.6316 0.00 Totals 0.00 1,~~291~~277,~~281~~231,~~720~~125.8098 1822,~~956~~776,~~387~~696.0216 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 ~~809~~802,~~903~~550,~~690~~000.1934 0.00 79,~~353~~435,~~689~~837.8583 0.00 0.00 A2 353,750,000.00 ~~345~~342,~~813~~981,~~606~~720.4446 0.00 24,~~831~~614,~~885~~756.9899 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 1,325,000,000.000 1,~~301~~291,~~467~~281,~~296~~720.6380 0.00 1014,~~185~~050,~~575~~594.8382 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 79,~~353~~435,~~689~~837.8583 ~~802~~793,~~550~~114,~~000~~162.3451 0.~~97219867~~96076822 79,~~353~~435,~~689~~837.8583 A2 24,~~831~~614,~~885~~756.9899 ~~342~~338,~~981~~366,~~720~~963.4647 0.~~96955963~~95651438 24,~~831~~614,~~885~~756.9899 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 1014,~~185~~050,~~575~~594.8382 1,~~291~~277,~~281~~231,~~720~~125.8098 0.~~97455224~~96394802 1014,~~185~~050,~~575~~594.8382

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 825,500,000.00 ~~981~~972.~~10683245~~19866789 0.00000000 811.~~90816457~~43045164 0.00000000 A2 353,750,000.00 ~~977~~969.~~56496520~~55963381 0.00000000 813.~~00533139~~04524944 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 (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 811.~~90816457~~43045164 ~~972~~960.~~19866789~~76821624 0.~~97219867~~96076822 811.~~90816457~~43045164 A2 0.00000000 813.~~00533139~~04524944 ~~969~~956.~~55963381~~51438437 0.~~96955963~~95651438 813.~~00533139~~04524944 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.~~06000~~06375% ~~809~~802,~~903~~550,~~690~~000.1934 1,~~390~~380,~~334~~218.6780 0.00 0.00 A2 353,750,000.00 2.~~08000~~08375% ~~345~~342,~~813~~981,~~606~~720.4446 ~~599~~595,~~410~~573.2547 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.~~46000~~46375% 53,000,000.00 108,~~650~~815.0063 0.00 0.00 M2 46,375,000.00 2.~~94000~~94375% 46,375,000.00 113,~~618~~763.7567 0.00 0.00 M3 39,750,000.00 3.~~66000~~66375% 39,750,000.00 121,~~237~~361.5072 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 1,325,000,000.000 2,~~940~~927,~~542~~024.8496 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,~~390~~380,~~334~~218.6780 0.00 ~~802~~793,~~550~~114,~~000~~162.3451 A2 0.00 0.00 ~~599~~595,~~410~~573.2547 0.00 ~~342~~338,~~981~~366,~~720~~963.4647 S 0.00 0.00 607,291.67 0.00 132,500,000.00 M1 0.00 0.00 108,~~650~~815.0063 0.00 53,000,000.00 M2 0.00 0.00 113,~~618~~763.7567 0.00 46,375,000.00 M3 0.00 0.00 121,~~237~~361.5072 0.00 39,750,000.00 C 0.00 0.00 5,~~592~~537,~~110~~329.7222 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 ~~238~~261,~~157~~747.6316 0.00 100.00 Totals 0.00 0.00 8,~~770~~726,~~811~~101.1934 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.~~06000~~06375% ~~981~~972.~~10683245~~19866789 1.~~68423340~~67197916 0.00000000 0.00000000 A2 353,750,000.00 2.~~08000~~08375% ~~977~~969.~~56496520~~55963381 1.~~69444594~~68359992 0.00000000 0.00000000 S 0.00 5.50000% 1000.00000000 4.58333336 0.00000000 0.00000000 M1 53,000,000.00 2.~~46000~~46375% 1000.00000000 2.~~05000000~~05312509 0.00000000 0.00000000 M2 46,375,000.00 2.~~94000~~94375% 1000.00000000 2.~~45000000~~45312496 0.00000000 0.00000000 M3 39,750,000.00 3.~~66000~~66375% 1000.00000000 3.~~05000000~~05312503 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~~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 1.~~68423340~~67197916 0.00000000 ~~972~~960.~~19866789~~76821624 A2 0.00000000 0.00000000 1.~~69444594~~68359992 0.00000000 ~~969~~956.~~55963381~~51438437 S 0.00000000 0.00000000 4.58333336 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~05000000~~05312509 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~45000000~~45312496 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~05000000~~05312503 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~844~~835.~~10492536~~83589488 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 ~~81576~~2617471.~~30000000~~60000000 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 1923,~~700~~489,~~433~~539.0457 Liquidations, Insurance Proceeds, Reserve Funds 1.2013 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties ~~238~~261,~~157~~747.6316 Total Deposits 1923,~~938~~751,~~591~~287.8786 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~982~~974,~~204~~591.8570 Payment of Interest and Principal 1822,~~956~~776,~~387~~696.0216 Total Withdrawals (Pool Distribution Amount) 1923,~~938~~751,~~591~~287.8786 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~325~~322,~~366~~820.9235 Radian PMI Policy Fee ~~653~~648,~~591~~550.9088 Wells Fargo 3,~~246~~220.0347 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~982~~974,~~204~~591.8570

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.2013 1.2013 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 1211 03 0 1214 1,~~713~~589,~~982~~796.5045 0248,827.0061 0.00 1,~~713~~838,~~982~~624.5006 30 Days ~~105~~160 2 32 0 ~~110~~164 1521,~~578~~426,~~088~~467.0912 ~~371~~314,~~343~~561.9042 ~~219~~284,~~984~~263.6169 0.00 1622,~~169~~025,~~416~~292.6023 60 Days 69 4 5248 0 6261 1,~~374~~138,~~290~~375.0326 ~~436~~714,~~914~~624.1371 57,~~490~~146,~~990~~619.6750 0.00 78,~~302~~999,~~194~~619.8347 90 Days 23 19 3575 02 3889 ~~275~~395,~~650~~270.5402 82963,~~523~~568.7399 48,~~299~~997,~~376~~777.9214 0150,123.0012 410,~~657~~506,~~551~~739.1927 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 ~~113~~172 1926 90128 02 ~~222~~328 1722,~~228~~960,~~028~~112.6640 23,~~604~~582,~~764~~551.2657 1016,~~010~~677,~~352~~487.2094 0150,123.0012 2943,~~843~~370,~~145~~275.1203 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.~~129450~~119813% 0.~~000000~~032676% 0.000000% 0.~~129450~~152489% 0.~~132701~~124442% 0.~~000000~~019477% 0.000000% 0.~~132701~~143919% 30 Days 1.~~132686~~742730% 0.~~021575~~021784% 0.~~032362~~021784% 0.000000% 1.~~186624~~786298% 1.~~206094~~677166% 0.~~028750~~024622% 0.~~017032~~022251% 0.000000% 1.~~251876~~724040% 60 Days 0.~~064725~~098029% 0.~~043150~~043568% 0.~~560949~~522819% 0.000000% 0.~~668824~~664416% 0.~~106401~~089107% 0.~~033827~~055938% 0.~~425126~~559405% 0.000000% 0.~~565354~~704449% 90 Days 0.~~021575~~032676% 0.~~010787~~098029% 0.~~377562~~816904% 0.~~000000~~021784% 0.~~409924~~969393% 0.~~021342~~030940% 0.~~006389~~075424% 0.~~332868~~704305% 0.~~000000~~011751% 0.~~360599~~822420% 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.~~218986~~873434% 0.~~204962~~283194% 01.~~970874~~394184% 0.~~000000~~021784% 23.~~394822~~572596% 1.~~333837~~797213% 0.~~201667~~280426% 01.~~775026~~305438% 0.~~000000~~011751% 23.~~310530~~394828%

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 2 01 0 23 171,~~469~~365.0877 069,839.0022 0.00 ~~171~~241,~~469~~204.0899 30 Days 1419 0 0 0 1419 12,~~581~~117,~~677~~850.1635 0.00 0.00 0.00 12,~~581~~117,~~677~~850.1635 60 Days 3 0 27 6 0 810 318,473.11 0.00 ~~223~~707,~~680~~409.7442 ~~483,673.03~~ 0.00 ~~707~~1,~~353~~025,882.7753 90 Days 0 03 58 01 512 0.00 0300,644.0089 ~~482~~750,~~092~~853.5418 067,101.0071 ~~482~~1,~~092~~118,599.5478 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 1422 45 1116 01 2944 12,~~581~~436,~~677~~323.1646 ~~395~~472,~~149~~010.8266 ~~965~~1,~~765~~528,101.5782 067,101.0071 24,~~942~~503,~~592~~537.5565 0-29 Days 0.~~152672~~154321% 0.~~000000~~077160% 0.000000% 0.~~152672~~231481% 0.~~106208~~107765% 0.~~000000~~043919% 0.000000% 0.~~106208~~151684% 30 Days 1.~~068702~~466049% 0.000000% 0.000000% 0.000000% 1.~~068702~~466049% 01.~~979687~~331833% 0.000000% 0.000000% 0.000000% 01.~~979687~~331833% 60 Days 0.~~000000~~231481% 0.~~152672~~000000% 0.~~458015~~540123% 0.000000% 0.~~610687~~771605% 0.~~000000~~200275% 0.~~138547~~000000% 0.~~299586~~444862% 0.000000% 0.~~438133~~645137% 90 Days 0.000000% 0.~~000000~~231481% 0.~~381679~~617284% 0.~~000000~~077160% 0.~~381679~~925926% 0.000000% 0.~~000000~~189064% 0.~~298607~~472182% 0.~~000000~~042198% 0.~~298607~~703444% 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~~697531% 0.~~305344~~385802% 01.~~839695~~234568% 0.~~000000~~077160% 23.~~213740~~395062% 01.~~979687~~532108% 0.~~244755~~296829% 0.~~598193~~960963% 0.~~000000~~042198% 12.~~822634~~832098% 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 100 0 0 100 ~~1,542,513~~0.4200 0.00 0.00 ~~1,542,513~~0.4200 30 Days 910 20 30 0 960 ~~13,996,410~~0.9300 ~~371,343~~0.9000 ~~219,984~~0.6100 0.00 ~~14,587,739~~0.4400 60 Days 60 20 460 0 540 ~~1,374,290~~0.0300 ~~213,233~~0.3900 ~~5,007,317~~0.6400 0.00 ~~6,594,841~~0.0600 90 Days 20 10 300 0 330 ~~275,650~~0.5400 ~~82,523~~0.7300 ~~3,817,284~~0.3800 0.00 ~~4,175,458~~0.6500 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 990 150 790 0 ~~193~~0 ~~15,646,351~~0.5000 ~~2,209,614~~0.4400 ~~9,044,586~~0.6300 0.00 ~~26,900,552~~0.5700 0-29 Days 0.~~185529~~000000% 0.000000% 0.000000% 0.~~185529~~000000% 0.~~207506~~000000% 0.000000% 0.000000% 0.~~207506~~000000% 30 Days 10.~~688312~~000000% 0.~~037106~~000000% 0.~~055659~~000000% 0.000000% 10.~~781076~~000000% 10.~~882857~~000000% 0.~~049955~~000000% 0.~~029593~~000000% 0.000000% 10.~~962405~~000000% 60 Days 0.~~111317~~000000% 0.~~037106~~000000% 0.~~853432~~000000% 0.000000% 10.~~001855~~000000% 0.~~184875~~000000% 0.~~028685~~000000% 0.~~673606~~000000% 0.000000% 0.~~887166~~000000% 90 Days 0.~~037106~~000000% 0.~~018553~~000000% 0.~~556586~~000000% 0.000000% 0.~~612245~~000000% 0.~~037082~~000000% 0.~~011101~~000000% 0.~~513517~~000000% 0.000000% 0.~~561701~~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 10.~~836735~~000000% 0.~~278293~~000000% 10.~~465677~~000000% 0.000000% 30.~~580705~~000000% 20.~~104814~~000000% 0.~~297247~~000000% 10.~~216717~~000000% 0.000000% 30.~~618778~~000000% 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 09 02 0 011 01,418,430.0068 0178,988.0039 0.00 01,597,419.0007 30 Days 0141 02 02 0 0145 019,308,616.0077 0314,561.0042 0284,263.0069 0.00 019,907,441.0088 60 Days 06 04 041 0 051 0819,902.0015 0714,624.0071 06,439,210.0008 0.00 07,973,736.0094 90 Days 03 06 067 01 077 0395,270.0002 0662,924.0010 08,246,923.0096 083,021.0041 09,388,139.0049 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 0150 021 0112 01 0284 020,523,788.0094 03,110,540.0091 015,149,386.0012 083,021.0041 038,866,737.0038 0-29 Days 01.~~000000~~530612% 0.~~000000~~340136% 0.000000% 01.~~000000~~870748% 02.~~000000~~078716% 0.~~000000~~262308% 0.000000% 02.~~000000~~341024% 30 Days 023.~~000000~~979592% 0.~~000000~~340136% 0.~~000000~~340136% 0.000000% 024.~~000000~~659864% 028.~~000000~~296852% 0.~~000000~~460991% 0.~~000000~~416590% 0.000000% 029.~~000000~~174433% 60 Days 01.~~000000~~020408% 0.~~000000~~680272% 06.~~000000~~972789% 0.000000% 08.~~000000~~673469% 01.~~000000~~201570% 01.~~000000~~047285% 09.~~000000~~436687% 0.000000% 011.~~000000~~685542% 90 Days 0.~~000000~~510204% 01.~~000000~~020408% 011.~~000000~~394558% 0.~~000000~~170068% 013.~~000000~~095238% 0.~~000000~~579270% 0.~~000000~~971518% 012.~~000000~~085899% 0.~~000000~~121668% 013.~~000000~~758355% 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 025.~~000000~~510204% 03.~~000000~~571429% 019.~~000000~~047619% 0.~~000000~~170068% 048.~~000000~~299320% 030.~~000000~~077692% 04.~~000000~~558510% 022.~~000000~~201484% 0.~~000000~~121668% 056.~~000000~~959353% 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% (7) Deliquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field. Group 1 is reported in the Group 1 and Group 2 is reported in the Group 3 section.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~526,714~~0.7900

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~773097~~771750% Weighted Average Net Coupon 8.~~473097~~471750% Weighted Average Pass-Through Rate 7.~~867468~~866052% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 9,~~331~~270 Number Of Loans Paid In Full 6189 Ending Scheduled Collateral Loan Count 9,~~270~~181 Beginning Scheduled Collateral Balance 1,~~301~~291,~~467~~281,~~296~~720.6380 Ending Scheduled Collateral Balance 1,~~291~~277,~~281~~231,~~720~~125.8098 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 1,~~291~~277,~~614~~539,~~447~~757.4310 Monthly P &I Constant 10,~~356~~279,~~854~~262.7992 Special Servicing Fee 0.00 Prepayment Penalties ~~238~~261,~~157~~747.6316 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~291~~277,~~281~~231,~~720~~125.8098 Scheduled Principal ~~841~~840,~~938~~262.7044 Unscheduled Principal 913,~~343~~210,~~637~~332.1338

~~Credit~~Miscellaneous ~~Enhancement~~Reporting ~~Percenatge~~General ~~11.1988906965%~~Excess ~~Net~~Available ~~WAC~~Amt ~~Carryover Amount 0~~5,537,329.0022 ~~Payment~~Extra ~~Rec'd~~Principal onDistribution ~~PMI~~Amt ~~Claims during Pre-Fund Period~~ 0.00 ~~Payment~~Overcollateralization ~~Rec'd~~Amt ~~on PMI Claims since Closing 0~~6,624,900.00 ~~Claims~~Excess ~~Denied~~Overcollateralized byAmt ~~PMI during Pre-Fund Period~~ 0.00 ~~Claims~~Overcollateralization ~~Denied~~Deficit byAmt ~~PMI since Closing~~ 0.00 ~~Trigger~~Overcollateralization ~~Event~~Increase ~~Not~~Amt ~~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 ~~Liquidated~~Overcollateralization ~~Loans~~Release ~~with~~Amt ~~Losses covered by MI~~ 0 ~~Losses prior to Proceeds from MI 0~~.00 MITarget ~~Proceeds~~Overcollateralization ~~received~~Amt ~~to reduce Losses 0~~6,624,900.00

~~Miscellaneous~~Group ~~Reporting~~Level ~~General~~Collateral ~~Excess~~Statement ~~Available~~Group ~~Amt~~Group 1 Group 2 Group 3 Collateral Description Fixed 30 Year Mixed ARM Fixed 30 Year Weighted Average Coupon Rate 8.739759 8.784352 8.890854 Weighted Average Net Rate 8.439759 8.484352 8.590855 Weighted Average Maturity 346 346 346 Beginning Loan Count 1,310 5,~~592~~390 598 Loans Paid In Full 14 46 10 Ending Loan Count 1,~~110~~296 5,344 588 Beginning Scheduled Balance 161,409,055.7275 ~~Extra~~743,168,944.59 69,513,386.67 Ending scheduled Balance 158,985,335.40 736,156,827.11 68,224,175.74 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal ~~Distribution~~And ~~Amt~~Interest 0Constant 1,310,428.0084 ~~Overcollateralization~~5,891,136.70 ~~Amt~~575,327.22 Scheduled Principal 134,865.31 450,921.80 60,299.43 Unscheduled Principal 2,288,855.04 6,~~624~~561,~~900~~195.68 1,228,911.50 Scheduled Interest 1,175,563.53 5,440,214.90 515,027.79 Servicing Fees 40,352.24 185,792.17 17,378.36 Master Servicing Fees 0.00 ~~Excess~~0.00 ~~Overcollateralized~~0.00 ~~Amt~~Trustee Fee 401.85 1,853.62 173.29 FRY Amount 0.00 ~~Overcollateralization~~0.00 ~~Deficit~~0.00 ~~Amt~~Special Hazard Fee 0.00 ~~Overcollateralization~~0.00 ~~Increase~~0.00 ~~Amt~~Other Fee 96,703.75 358,955.90 39,539.93 Pool Insurance Fee 0.00 ~~Overcollateralization~~0.00 ~~Release~~0.00 ~~Amt~~Spread Fee 1 0.00 ~~Target~~0.00 ~~Overcollateralization~~0.00 ~~Amt~~Spread 6Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~624~~135,~~900~~211.34 5,254,422.56 497,649.51 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 7.717824 7.901750 7.905292

Group Level Collateral Statement Group Group 14 ~~Group~~Total ~~2 Group 3~~ Collateral Description ~~Fixed 30 Year~~ Mixed ARM Mixed Fixed 30& ~~Year~~Arm Weighted Average Coupon Rate 8.~~745266~~732401 8.~~782689~~771750 ~~8.902736~~ Weighted Average Net Rate 8.~~445265~~432401 8.~~482689~~471750 ~~8.602737~~ Weighted Average Maturity ~~347~~346 ~~347~~346 ~~347~~ Beginning Loan Count 1,~~318~~972 59,~~427~~270 ~~603~~ Loans Paid In Full 819 3789 5 Ending Loan Count 1,~~310~~953 59,~~390~~181 ~~598~~ Beginning Scheduled Balance ~~162~~317,~~635~~190,~~681~~333.6879 ~~749~~1,~~296~~291,~~008.51 69~~281,~~892,748~~720.9480 Ending scheduled Balance ~~161~~313,~~409~~864,~~055~~787.7573 ~~743~~1,~~168~~277,~~944.59 69~~231,~~513,386~~125.6798 Record Date 0809/3130/2002 0809/3130/2002 ~~08/31/2002~~ Principal And Interest Constant 12,~~320~~502,~~761~~370.0716 510,~~935~~279,~~267~~262.8692 ~~579,143.02~~ Scheduled Principal ~~135~~194,~~517~~175.4590 ~~451~~840,~~239~~262.8544 ~~60,612.42~~ Unscheduled Principal 13,~~091~~131,~~108~~370.4816 513,~~675~~210,~~824~~332.0738 ~~318,749.85~~ Scheduled Interest 12,~~185~~308,~~243~~194.6226 59,~~484~~439,~~028~~000.0148 ~~518,530.60~~ Servicing Fees 4079,~~659~~297.0758 ~~187~~322,~~324~~820.0235 ~~17,473.14~~ Master Servicing Fees 0.00 0.00 ~~0.00~~ Trustee Fee ~~404~~791.9371 13,~~868~~220.9947 ~~174.24~~ FRY Amount 0.00 0.00 ~~0.00~~ Special Hazard Fee 0.00 0.00 ~~0.00~~ Other Fee 97153,~~350~~351.0230 ~~362~~648,~~399~~550.3788 ~~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 12,~~144~~228,~~584~~896.5372 59,~~296~~116,~~704~~180.1213 ~~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~~849243 7.~~899311 7.920200~~866052

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.736427 8.773097 Weighted Average Net Rate 8.436427 8.473097 Weighted Average Maturity 347 347 Beginning Loan Count 1,983 9,331 Loans Paid In Full 11 61 Ending Loan Count 1,972 9,270 Beginning Scheduled Balance 319,642,857.50 1,301,467,296.63 Ending scheduled Balance 317,190,333.79 1,291,281,720.80 Record Date 08/31/2002 08/31/2002 Principal And Interest Constant 2,521,682.84 10,356,854.79 Scheduled Principal 194,568.98 841,938.70 Unscheduled Principal 2,257,954.73 9,343,637.13 Scheduled Interest 2,327,113.86 9,514,916.09 Servicing Fees 79,910.69 325,366.92 Master Servicing Fees 0.00 0.00 Trustee Fee 797.87 3,246.03 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 154,263.11 653,591.90 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 2,247,203.10 9,189,549.17 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.854299 7.867468

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