8-K 1 bsa02ac4.txt NOVEMBER 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): November 25, 2002 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-43091-14 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 November 25, 2002 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2002-AC4 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-AC4 Trust, relating to the November 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2002-AC4 Trust By: Wells Fargo Bank, N. A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-AC4 Trust, relating to the November 25, 2002 distribution.

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: BSA Series: 2002-AC4 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A1 07384YEX0 SEN 2.~~36375~~38000% ~~114~~113,~~014~~664,~~490~~179.9601 ~~224~~225,~~584~~433.7996 ~~350~~1,~~311~~000,213.9510 I-A2 07384YEY8 SEN 6.~~13625~~12000% 0.00 ~~583~~579,~~017~~687.8531 0.00 I-X 07384YFA9 SEN 0.~~49850~~49995% 0.00 31,~~266~~225.4150 0.00 I-PO 07384YEZ5 SEN 0.00000% 2,~~851~~848,~~677~~257.47 0.00 330,~~420~~466.0165 R-I 07384YFJ0 SEN 5.50000% 0.00 0.00 0.00 R-II 07384YFK7 SEN 5.50000% 0.00 0.4534 0.00 R-III 07384YFL5 SEN 5.50000% 0.00 0.00 0.00 R-IV 07384YFM3 SEN 5.50000% 0.00 0.00 0.00 II-A1 07384YFC5 SEN 5.50000% ~~175~~168,~~563~~365,~~090~~914.5704 ~~804~~771,~~664~~677.1711 76,~~197~~182,~~176~~691.5388 II-A2 07384YFD3 SEN 5.50000% 11,800,000.00 54,083.33 0.00 II-X 07384YFB7 SEN 2.~~19716~~19105% 0.00 ~~374~~360,~~511~~302.2205 0.00 B-1 07384YFF8 SUB 5.50000% 11,~~262~~254,~~785~~497.1322 51,~~621~~583.1011 8,~~287~~248.9207 B-2 07384YFG6 SUB 5.50000% 5,~~546~~542,~~954~~872.1533 25,~~423~~404.5483 4,~~081~~062.8220 B-3 07384YFH4 SUB 5.50000% 3,~~698~~695,~~302~~581.5307 16,~~950~~938.5508 2,~~721~~708.4638 B-4 07384YFN1 SUB 6.~~64199~~64213% 3,~~026~~024,~~792~~565.3100 16,~~753~~741.2829 2,~~227~~216.3261 B-5 07384YFQ4 SUB 6.~~64199~~64213% 2,~~186~~184,~~405~~796.2837 12,~~101~~093.7408 1,~~608~~601.9017 B-6 07384YFS0 SUB 6.~~64199~~64213% 2,~~017~~015,~~061~~577.6435 11,~~164~~156.43 1,~~484~~477.2915 BX 07384YFE1 SEN 8.50000% 0.00 19,~~516~~504.3730 0.00 XP BSA2AC4XP SEN 0.00000% 100.00 033,043.0066 0.00 Totals ~~331~~324,~~967~~396,~~660~~339.0486 2,~~225~~208,~~659~~874.2338 7,~~571~~233,~~320~~685.2021

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A1 0.00 ~~113~~112,~~664~~663,~~179~~965.0191 ~~574~~1,~~896~~225,647.7406 0.00 I-A2 0.00 0.00 ~~583~~579,~~017~~687.8531 0.00 I-X 0.00 0.00 31,~~266~~225.4150 0.00 I-PO 0.00 2,~~848~~817,~~257~~790.4782 330,~~420~~466.0165 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.4534 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 II-A1 0.00 ~~168~~162,~~365~~183,~~914~~222.0416 86,~~001~~954,~~840~~368.7099 0.00 II-A2 0.00 11,800,000.00 54,083.33 0.00 II-X 0.00 0.00 ~~374~~360,~~511~~302.2205 0.00 B-1 0.00 11,~~254~~246,~~497~~249.2214 59,~~909~~831.0218 0.00 B-2 0.00 5,~~542~~538,~~872~~810.3313 29,~~505~~467.3603 0.00 B-3 0.00 3,~~695~~692,~~581~~872.0769 19,~~672~~646.0146 0.00 B-4 0.00 3,~~024~~022,~~565~~348.0039 18,~~980~~957.6090 0.00 B-5 0.00 2,~~184~~183,~~796~~195.3720 13,~~710~~694.6425 0.00 B-6 0.00 2,~~015~~014,~~577~~100.3520 12,~~648~~633.7258 0.00 BX 0.00 0.00 19,~~516~~504.3730 0.00 XP 0.00 100.00 033,043.0066 0.00 Totals 0.00 ~~324~~317,~~396~~162,~~339~~654.8664 9,~~796~~442,~~979~~559.4359 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) I-A1 114,628,000.00 ~~114~~113,~~014~~664,~~490~~179.9601 70,~~537~~944.3786 ~~279~~929,~~774~~268.5824 0.00 0.00 I-A2 0.00 0.00 0.00 0.00 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 I-PO 2,863,810.00 2,~~851~~848,~~677~~257.47 2,~~621~~643.7945 ~~798~~27,823.2120 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 II-A1 179,409,800.00 ~~175~~168,~~563~~365,~~090~~914.5704 ~~151~~144,~~369~~076.4689 76,~~045~~038,~~807~~614.0799 0.00 0.00 II-A2 11,800,000.00 11,800,000.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,271,000.00 11,~~262~~254,~~785~~497.1322 8,~~287~~248.9207 0.00 0.00 0.00 B-2 5,551,000.00 5,~~546~~542,~~954~~872.1533 4,~~081~~062.8220 0.00 0.00 0.00 B-3 3,701,000.00 3,~~698~~695,~~302~~581.5307 2,~~721~~708.4638 0.00 0.00 0.00 B-4 3,029,000.00 3,~~026~~024,~~792~~565.3100 2,~~227~~216.3261 0.00 0.00 0.00 B-5 2,188,000.00 2,~~186~~184,~~405~~796.2837 1,~~608~~601.9017 0.00 0.00 0.00 B-6 2,018,533.00 2,~~017~~015,~~061~~577.6435 1,~~484~~477.2915 0.00 0.00 0.00 BX 0.00 0.00 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 Totals 336,460,443.00 ~~331~~324,~~967~~396,~~660~~339.0486 ~~244~~237,~~940~~978.3378 76,~~326~~995,~~379~~706.8643 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 I-A1 ~~350~~1,~~311~~000,213.9510 ~~113~~112,~~664~~663,~~179~~965.0191 0.~~99159175~~98286602 ~~350~~1,~~311~~000,213.9510 I-A2 0.00 0.00 0.00000000 0.00 I-X 0.00 0.00 0.00000000 0.00 I-PO 330,~~420~~466.0165 2,~~848~~817,~~257~~790.4782 0.~~99456929~~98393078 330,~~420~~466.0165 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 II-A1 76,~~197~~182,~~176~~691.5388 ~~168~~162,~~365~~183,~~914~~222.0416 0.~~93844324~~90398196 76,~~197~~182,~~176~~691.5388 II-A2 0.00 11,800,000.00 1.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 B-1 8,~~287~~248.9207 11,~~254~~246,~~497~~249.2214 0.~~99853582~~99780402 8,~~287~~248.9207 B-2 4,~~081~~062.8220 5,~~542~~538,~~872~~810.3313 0.~~99853582~~99780402 4,~~081~~062.8220 B-3 2,~~721~~708.4638 3,~~695~~692,~~581~~872.0769 0.~~99853582~~99780402 2,~~721~~708.4638 B-4 2,~~227~~216.3261 3,~~024~~022,~~565~~348.0039 0.~~99853582~~99780402 2,~~227~~216.3261 B-5 1,~~608~~601.9017 2,~~184~~183,~~796~~195.3720 0.~~99853582~~99780402 1,~~608~~601.9017 B-6 1,~~484~~477.2915 2,~~015~~014,~~577~~100.3520 0.~~99853574~~99780395 1,~~484~~477.2915 BX 0.00 0.00 0.00000000 0.00 XP 0.00 100.00 1.00000000 0.00 Totals 7,~~571~~233,~~320~~685.2021 ~~324~~317,~~396~~162,~~339~~654.8664 0.~~96414407~~94264470 7,~~571~~233,~~320~~685.2021

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A1 114,628,000.00 ~~994~~991.~~64782566~~59174905 0.~~61535899~~61891388 28.~~44071763~~10681718 0.00000000 I-A2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 2,863,810.00 ~~995~~994.~~76350037~~56928707 0.~~91549020~~92305355 09.~~27872310~~71544900 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A1 179,409,800.00 ~~978~~938.~~55908969~~44324022 0.~~84370787~~80306031 3933.~~27214160~~65822263 0.00000000 II-A2 11,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,271,000.00 ~~999~~998.~~27114985~~53581936 0.~~73533138~~73179576 0.00000000 0.00000000 B-2 5,551,000.00 ~~999~~998.~~27114934~~53581877 0.~~73533057~~73179607 0.00000000 0.00000000 B-3 3,701,000.00 ~~999~~998.~~27115104~~53582005 0.~~73533099~~73179681 0.00000000 0.00000000 B-4 3,029,000.00 ~~999~~998.~~27114889~~53582040 0.~~73533179~~73179597 0.00000000 0.00000000 B-5 2,188,000.00 ~~999~~998.~~27115174~~53581810 0.~~73532907~~73179616 0.00000000 0.00000000 B-6 2,018,533.00 ~~999~~998.~~27107459~~53574353 0.~~73533105~~73179383 0.00000000 0.00000000 BX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 XP 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 I-A1 0.00000000 38.~~05607661~~72573106 ~~991~~982.~~59174905~~86601799 0.~~99159175~~98286602 38.~~05607661~~72573106 I-A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 0.00000000 110.~~19421680~~63850255 ~~994~~983.~~56928707~~93078451 0.~~99456929~~98393078 110.~~19421680~~63850255 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A1 0.00000000 4034.~~11584947~~46128294 ~~938~~903.~~44324022~~98195728 0.~~93844324~~90398196 4034.~~11584947~~46128294 II-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~73533138~~73179576 ~~998~~997.~~53581936~~80402271 0.~~99853582~~99780402 0.~~73533138~~73179576 B-2 0.00000000 0.~~73533057~~73179607 ~~998~~997.~~53581877~~80402270 0.~~99853582~~99780402 0.~~73533057~~73179607 B-3 0.00000000 0.~~73533099~~73179681 ~~998~~997.~~53582005~~80402324 0.~~99853582~~99780402 0.~~73533099~~73179681 B-4 0.00000000 0.~~73533179~~73179597 ~~998~~997.~~53582040~~80402443 0.~~99853582~~99780402 0.~~73533179~~73179597 B-5 0.00000000 0.~~73532907~~73179616 ~~998~~997.~~53581810~~80402194 0.~~99853582~~99780402 0.~~73532907~~73179616 B-6 0.00000000 0.~~73533105~~73179383 ~~998~~997.~~53574353~~80394970 0.~~99853574~~99780395 0.~~73533105~~73179383 BX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 XP 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 I-A1 114,628,000.00 2.~~36375~~38000% ~~114~~113,~~014~~664,~~490~~179.9601 ~~224~~225,~~584~~433.7996 0.00 0.00 I-A2 0.00 6.~~13625~~12000% ~~114~~113,~~014~~664,~~490~~179.9601 ~~583~~579,~~017~~687.8531 0.00 0.00 I-X 0.00 0.~~49850~~49995% 7574,~~264~~949,~~734~~426.9055 31,~~266~~225.4150 0.00 0.00 I-PO 2,863,810.00 0.00000% 2,~~851~~848,~~677~~257.47 0.00 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 R-III 50.00 5.50000% 0.00 0.00 0.00 0.00 R-IV 50.00 5.50000% 0.00 0.00 0.00 0.00 II-A1 179,409,800.00 5.50000% ~~175~~168,~~563~~365,~~090~~914.5704 ~~804~~771,~~664~~677.1711 0.00 0.00 II-A2 11,800,000.00 5.50000% 11,800,000.00 54,083.33 0.00 0.00 II-X 0.00 2.~~19716~~19105% ~~204~~197,~~542~~331,~~688~~632.4260 ~~374~~360,~~511~~302.2205 0.00 0.00 B-1 11,271,000.00 5.50000% 11,~~262~~254,~~785~~497.1322 51,~~621~~583.1011 0.00 0.00 B-2 5,551,000.00 5.50000% 5,~~546~~542,~~954~~872.1533 25,~~423~~404.5483 0.00 0.00 B-3 3,701,000.00 5.50000% 3,~~698~~695,~~302~~581.5307 16,~~950~~938.5508 0.00 0.00 B-4 3,029,000.00 6.~~64199~~64213% 3,~~026~~024,~~792~~565.3100 16,~~753~~741.2829 0.00 0.00 B-5 2,188,000.00 6.~~64199~~64213% 2,~~186~~184,~~405~~796.2837 12,~~101~~093.7408 0.00 0.00 B-6 2,018,533.00 6.~~64199~~64213% 2,~~017~~015,~~061~~577.6435 11,~~164~~156.43 0.00 0.00 BX 0.00 8.50000% 2,~~755~~753,~~252~~547.2263 19,~~516~~504.3730 0.00 0.00 XP 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 336,460,443.00 2,~~225~~175,~~658~~830.7838 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 I-A1 0.00 0.00 ~~224~~225,~~584~~433.7996 0.00 ~~113~~112,~~664~~663,~~179~~965.0191 I-A2 0.00 0.00 ~~583~~579,~~017~~687.8531 0.00 ~~113~~112,~~664~~663,~~179~~965.0191 I-X 0.00 0.00 31,~~266~~225.4150 0.00 74,~~949~~375,~~426~~054.5559 I-PO 0.00 0.00 0.00 0.00 2,~~848~~817,~~257~~790.4782 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.4534 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 II-A1 0.00 0.00 ~~804~~771,~~664~~677.1711 0.00 ~~168~~162,~~365~~183,~~914~~222.0416 II-A2 0.00 0.00 54,083.33 0.00 11,800,000.00 II-X 0.00 0.00 ~~374~~360,~~511~~302.2205 0.00 ~~197~~191,~~331~~135,~~632~~213.6046 B-1 0.00 0.00 51,~~621~~583.1011 0.00 11,~~254~~246,~~497~~249.2214 B-2 0.00 0.00 25,~~423~~404.5483 0.00 5,~~542~~538,~~872~~810.3313 B-3 0.00 0.00 16,~~950~~938.5508 0.00 3,~~695~~692,~~581~~872.0769 B-4 0.00 0.00 16,~~753~~741.2829 0.00 3,~~024~~022,~~565~~348.0039 B-5 0.00 0.00 12,~~101~~093.7408 0.00 2,~~184~~183,~~796~~195.3720 B-6 0.00 0.00 11,~~164~~156.43 0.00 2,~~015~~014,~~577~~100.3520 BX 0.00 0.00 19,~~516~~504.3730 0.00 2,753,547.63 XP 0.00 0.00 033,043.0066 0.00 0.00 Totals 0.00 0.00 2,~~225~~208,~~659~~874.2338 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 I-A1 114,628,000.00 2.~~36375~~38000% ~~994~~991.~~64782566~~59174905 1.~~95924896~~96665701 0.00000000 0.00000000 I-A2 0.00 6.~~13625~~12000% ~~994~~991.~~64782566~~59174905 5.~~08617310~~05711789 0.00000000 0.00000000 I-X 0.00 0.~~49850~~49995% ~~994~~990.~~18291745~~01796323 0.~~41300259~~41246221 0.00000000 0.00000000 I-PO 2,863,810.00 0.00000% ~~995~~994.~~76350037~~56928707 0.00000000 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A1 179,409,800.00 5.50000% ~~978~~938.~~55908969~~44324022 4.~~48506252~~30119821 0.00000000 0.00000000 II-A2 11,800,000.00 5.50000% 1000.00000000 4.58333305 0.00000000 0.00000000 II-X 0.00 2.~~19716~~19105% ~~981~~946.~~47552326~~87406750 1.~~79705077~~72886963 0.00000000 0.00000000 B-1 11,271,000.00 5.50000% ~~999~~998.~~27114985~~53581936 4.~~57999290~~57662231 0.00000000 0.00000000 B-2 5,551,000.00 5.50000% ~~999~~998.~~27114934~~53581877 4.~~57999279~~57662223 0.00000000 0.00000000 B-3 3,701,000.00 5.50000% ~~999~~998.~~27115104~~53582005 4.~~57999189~~57662253 0.00000000 0.00000000 B-4 3,029,000.00 6.~~64199~~64213% ~~999~~998.~~27114889~~53582040 5.~~53096071~~52700231 0.00000000 0.00000000 B-5 2,188,000.00 6.~~64199~~64213% ~~999~~998.~~27115174~~53581810 5.~~53095978~~52700183 0.00000000 0.00000000 B-6 2,018,533.00 6.~~64199~~64213% ~~999~~998.~~27107459~~53574353 5.~~53096234~~52699906 0.00000000 0.00000000 BX 0.00 8.50000% ~~999~~998.~~38671928~~76842938 7.~~07898930~~07461126 0.00000000 0.00000000 XP 100.00 0.00000% 0.00000000 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 I-A1 0.00000000 0.00000000 1.~~95924896~~96665701 0.00000000 ~~991~~982.~~59174905~~86601799 I-A2 0.00000000 0.00000000 5.~~08617310~~05711789 0.00000000 ~~991~~982.~~59174905~~86601799 I-X 0.00000000 0.00000000 0.~~41300259~~41246221 0.00000000 ~~990~~982.~~01796323~~43099980 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~994~~983.~~56928707~~93078451 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 96.~~00000000~~80000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A1 0.00000000 0.00000000 4.~~48506252~~30119821 0.00000000 ~~938~~903.~~44324022~~98195728 II-A2 0.00000000 0.00000000 4.58333305 0.00000000 1000.00000000 II-X 0.00000000 0.00000000 1.~~79705077~~72886963 0.00000000 ~~946~~917.~~87406750~~14123390 B-1 0.00000000 0.00000000 4.~~57999290~~57662231 0.00000000 ~~998~~997.~~53581936~~80402271 B-2 0.00000000 0.00000000 4.~~57999279~~57662223 0.00000000 ~~998~~997.~~53581877~~80402270 B-3 0.00000000 0.00000000 4.~~57999189~~57662253 0.00000000 ~~998~~997.~~53582005~~80402324 B-4 0.00000000 0.00000000 5.~~53096071~~52700231 0.00000000 ~~998~~997.~~53582040~~80402443 B-5 0.00000000 0.00000000 5.~~53095978~~52700183 0.00000000 ~~998~~997.~~53581810~~80402194 B-6 0.00000000 0.00000000 5.~~53096234~~52699906 0.00000000 ~~998~~997.~~53574353~~80394970 BX 0.00000000 0.00000000 7.~~07898930~~07461126 0.00000000 998.76842938 XP 0.00000000 0.00000000 0330436.~~00000000~~60000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,~~806~~429,~~655~~167.5095 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7288,~~038~~702.0413 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 9,~~878~~517,~~693~~870.5408 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 8175,~~714~~310.1149 Payment of Interest and Principal 9,~~796~~442,~~979~~559.4359 Total Withdrawals (Pool Distribution Amount) 9,~~878~~517,~~693~~870.5408 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 26,~~286~~727.4619 Servicing Fee Support 26,~~286~~727.4619 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 7876,~~467~~631.8707 Master Servicing Fee 5,~~532~~406.7061 Supported Prepayment/Curtailment Interest Shortfall 26,~~286~~727.4619 Net Servicing Fee 8175,~~714~~310.1149

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 21 0 0 0 21 54,~~532~~032,~~999~~306.8138 0.00 0.00 0.00 54,~~532~~032,~~999~~306.8138 60 Days 913 0 0 0 913 34,~~419~~420,~~227~~936.2797 0.00 0.00 0.00 34,~~419~~420,~~227~~936.2797 90 Days 07 0 0 0 07 02,708,771.0091 0.00 0.00 0.00 02,708,771.0091 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 3041 0 0 0 3041 811,~~952~~162,~~227~~015.0826 0.00 0.00 0.00 811,~~952~~162,~~227~~015.0826 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 1.~~476793~~500000% 0.000000% 0.000000% 0.000000% 1.~~476793~~500000% 1.~~704503~~270508% 0.000000% 0.000000% 0.000000% 1.~~704503~~270508% 60 Days 0.~~632911~~928571% 0.000000% 0.000000% 0.000000% 0.~~632911~~928571% 1.~~053331~~392958% 0.000000% 0.000000% 0.000000% 1.~~053331~~392958% 90 Days 0.~~000000~~500000% 0.000000% 0.000000% 0.000000% 0.~~000000~~500000% 0.~~000000~~853486% 0.000000% 0.000000% 0.000000% 0.~~000000~~853486% 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 2.~~109705~~928571% 0.000000% 0.000000% 0.000000% 2.~~109705~~928571% 23.~~757834~~516952% 0.000000% 0.000000% 0.000000% 23.~~757834~~516952%

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 611 0 0 0 611 1,~~222~~825,~~071~~554.5476 0.00 0.00 0.00 1,~~222~~825,~~071~~554.5476 60 Days 63 0 0 0 63 2735,~~446,631~~846.8005 0.00 0.00 0.00 2735,~~446,631~~846.8005 90 Days 05 0 0 0 05 02,165,792.0083 0.00 0.00 0.00 02,165,792.0083 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 1219 0 0 0 1219 34,~~668~~727,~~703~~193.3464 0.00 0.00 0.00 34,~~668~~727,~~703~~193.3464 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~837989~~544944% 0.000000% 0.000000% 0.000000% 01.~~837989~~544944% 01.~~961185~~447659% 0.000000% 0.000000% 0.000000% 01.~~961185~~447659% 60 Days 0.~~837989~~421348% 0.000000% 0.000000% 0.000000% 0.~~837989~~421348% 10.~~924327~~583523% 0.000000% 0.000000% 0.000000% 10.~~924327~~583523% 90 Days 0.~~000000~~702247% 0.000000% 0.000000% 0.000000% 0.~~000000~~702247% 01.~~000000~~717466% 0.000000% 0.000000% 0.000000% 01.~~000000~~717466% 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.~~675978~~668539% 0.000000% 0.000000% 0.000000% 12.~~675978~~668539% 23.~~885512~~748648% 0.000000% 0.000000% 0.000000% 23.~~885512~~748648% 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 1510 0 0 0 1510 42,~~310~~206,~~928~~751.2762 0.00 0.00 0.00 42,~~310~~206,~~928~~751.2762 60 Days 310 0 0 0 310 ~~972~~3,~~595~~685,090.4792 0.00 0.00 0.00 ~~972~~3,~~595~~685,090.4792 90 Days 02 0 0 0 02 0542,979.0008 0.00 0.00 0.00 0542,979.0008 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 1822 0 0 0 1822 56,~~283~~434,~~523~~821.7462 0.00 0.00 0.00 56,~~283~~434,~~523~~821.7462 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~124646~~453488% 0.000000% 0.000000% 0.000000% 21.~~124646~~453488% 21.~~183095~~153715% 0.000000% 0.000000% 0.000000% 21.~~183095~~153715% 60 Days 01.~~424929~~453488% 0.000000% 0.000000% 0.000000% 01.~~424929~~453488% 01.~~492532~~926607% 0.000000% 0.000000% 0.000000% 01.~~492532~~926607% 90 Days 0.~~000000~~290698% 0.000000% 0.000000% 0.000000% 0.~~000000~~290698% 0.~~000000~~283876% 0.000000% 0.000000% 0.000000% 0.~~000000~~283876% 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 23.~~549575~~197674% 0.000000% 0.000000% 0.000000% 23.~~549575~~197674% 23.~~675627~~364198% 0.000000% 0.000000% 0.000000% 23.~~675627~~364198%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7288,~~038~~702.0413

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 8.~~348981~~474492% Weighted Average Pass-Through Rate 8.~~045335~~171020% Weighted Average Maturity(Stepdown Calculation ) ~~323~~322 Beginning Scheduled Collateral Loan Count 1,~~443~~422 Number Of Loans Paid In Full 2122 Ending Scheduled Collateral Loan Count 1,~~422~~400 Beginning Scheduled Collateral Balance ~~331~~324,~~967~~396,~~660~~339.0585 Ending Scheduled Collateral Balance ~~324~~317,~~396~~162,~~339~~654.8564 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~324~~317,~~610~~377,~~807~~551.5738 Monthly P &I Constant 2,~~554~~495,~~600~~847.1303 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,~~619~~205,~~616~~314.2524 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~324~~317,~~396~~162,~~339~~654.8564 Scheduled Principal ~~244~~237,~~940~~978.3478 Unscheduled Principal 76,~~326~~995,~~379~~706.8643

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~Three ~~Statement~~Month ~~Group~~Delinquency ~~Group~~Rolling ~~1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 8~~Avg.~~874222~~ 80.~~021770~~019148% ~~8.348981~~Class ~~Weighted~~XP ~~Average~~Prepayment ~~Net~~Penalty ~~Rate 8~~33,043.~~624222~~66 ~~7.717162~~Senior ~~8.065335~~Percentage ~~Weighted~~Group ~~Average Maturity 283 347 323 Beginning Loan Count 717 726~~ 1~~,443~~ ~~Loans Paid In Full 1 20 21 Ending Loan Count 716 706 1,422 Beginning Scheduled Balance 127,424,971~~91.63504933% ~~204,542,688.42~~Senior ~~331,967,660.05~~Prepayment ~~Ending scheduled Balance 127,064,707~~Pct.25 ~~197,331,632.60~~Group ~~324,396,339.85 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant~~ 1~~,022,022.78~~ ~~1,532,577~~100.35000000% ~~2,554,600.13~~Subordinate ~~Scheduled~~Percentage ~~Principal~~Group ~~79,691.59 165,248.75 244,940.34 Unscheduled Principal 280,572.79 7,045,807.07 7,326,379.86 Scheduled Interest 942,331.19~~ 1~~,367,328.60~~ ~~2,309,659~~8.79495067% ~~Servicing~~Subordinate ~~Fees~~Prepayment ~~26,546~~Pct.85 ~~51,921.02~~Group 78,467.87 Master Servicing Fees 2,123.66 3,409.04 5,532.70 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 0.00000000% ~~0.00~~Senior ~~0.00~~Percentage ~~Spread~~Group ~~Fee~~ 2 091.00301081% ~~0.00~~Senior ~~0.00~~Prepayment ~~Spread Fee 3 0~~Pct.00 ~~0.00~~Group ~~0.00 Net Interest 913,660.68 1,311,998.54~~ 2~~,225,659.22~~ ~~Realized Loss Amount 0~~100.00000000% ~~0.00~~Subordinate ~~0.00 Cumulative Realized Loss 0.00 0.00 0.00~~ Percentage ofGroup ~~Cumulative~~2 ~~Losses 0~~8.00698919% ~~0.00~~Subordinate ~~0.00~~ Prepayment ~~Penalties 0~~Pct.00 ~~0.00~~Group ~~0.00~~2 ~~Special Servicing Fee~~ 0.~~00 0.00 0.00 Pass-Through Rate 8.604223 7.697162 8.045335~~000000%

Filing Compare · BEAR STEARNS ASSET BACKED CERTIFICATES SERIES 2002-AC4