8-K 1 arc02bc4.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 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-15 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 AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2002-BC4 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-BC4 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. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC4 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 Mortgage Pass-Through Certificates, Series 2002-BC4 Trust, relating to the November 25, 2002 distribution.

Amortizing Residential Collateral Mortgage Trus Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: ARC Series: 2002-BC4 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 86358RW45 SEN 2.~~10375~~12000% ~~527~~520,~~017~~214,~~089~~967.5765 ~~923~~949,~~926~~681.8332 611,~~802~~044,~~121~~228.9276 A-IO 86358RW52 SEN 6.00000% 0.00 1,097,401.9091 0.00 M-1 86358RW60 MEZ 2.~~51375~~53000% 39,905,000.00 8386,~~592~~937.6648 0.00 M-2 86358RW78 MEZ 2.~~96375~~98000% 36,580,000.00 9093,~~344~~868.9834 0.00 M-3 86358RW86 MEZ 3.~~71375~~73000% 29,929,000.00 9296,~~624~~130.0229 0.00 B-1 86358RW94 SUB 4.~~06375~~08000% 12,304,000.00 4143,~~666~~228.9805 0.00 B-2 ARN02B4B2 SUB 7.75000% 3937,~~178~~093,~~320~~866.0454 ~~253~~239,~~026~~564.6555 2,~~084~~090,~~453~~313.5082 X ARC02BC3X SEN 0.00000% 4,324,064.45 0.00 0.00 R1 ARC02B3R1 RES 0.00000% 0.00 0.00 0.00 R2 ARC02B3R2 RES 0.00000% 0.00 0.00 0.00 R3 ARC02B3R3 RES 0.00000% 0.00 0.00 0.00 Totals ~~689~~680,~~237~~350,~~474~~898.0664 2,~~582~~606,~~584~~811.0294 813,~~886~~134,~~575~~542.4258

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~520~~509,~~214~~170,~~967~~738.6589 711,~~726~~993,~~048~~910.7508 0.00 A-IO 0.00 0.00 1,097,401.9091 0.00 M-1 0.00 39,905,000.00 8386,~~592~~937.6648 0.00 M-2 0.00 36,580,000.00 9093,~~344~~868.9834 0.00 M-3 0.00 29,929,000.00 9296,~~624~~130.0229 0.00 B-1 0.00 12,304,000.00 4143,~~666~~228.9805 0.00 B-2 0.00 3735,~~093~~003,~~866~~552.5472 2,~~337~~329,~~480~~878.1537 0.00 X 0.00 4,324,064.45 0.00 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 Totals 0.00 ~~680~~667,~~350~~216,~~898~~356.6406 1115,~~469~~741,~~159~~354.4452 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 542,050,000.00 ~~527~~520,~~017~~214,~~089~~967.5765 0.00 611,~~802~~044,~~121~~228.9276 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 39,905,000.00 39,905,000.00 0.00 0.00 0.00 0.00 M-2 36,580,000.00 36,580,000.00 0.00 0.00 0.00 0.00 M-3 29,929,000.00 29,929,000.00 0.00 0.00 0.00 0.00 B-1 12,304,000.00 12,304,000.00 0.00 0.00 0.00 0.00 B-2 44,740,000.00 3937,~~178~~093,~~320~~866.0454 0.00 2,~~084~~090,~~453~~313.5082 0.00 0.00 X 4,324,064.45 4,324,064.45 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 Totals 709,832,064.45 ~~689~~680,~~237~~350,~~474~~898.0664 0.00 813,~~886~~134,~~575~~542.4258 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 611,~~802~~044,~~121~~228.9276 ~~520~~509,~~214~~170,~~967~~738.6589 0.~~95971768~~93934275 611,~~802~~044,~~121~~228.9276 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 39,905,000.00 1.00000000 0.00 M-2 0.00 36,580,000.00 1.00000000 0.00 M-3 0.00 29,929,000.00 1.00000000 0.00 B-1 0.00 12,304,000.00 1.00000000 0.00 B-2 2,~~084~~090,~~453~~313.5082 3735,~~093~~003,~~866~~552.5472 0.~~82909849~~78237713 2,~~084~~090,~~453~~313.5082 X 0.00 4,324,064.45 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 Totals 813,~~886~~134,~~575~~542.4258 ~~680~~667,~~350~~216,~~898~~356.6406 0.~~95846741~~93996368 813,~~886~~134,~~575~~542.4258

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 542,050,000.00 ~~972~~959.~~26656133~~71767854 0.00000000 1220.~~54888280~~37492622 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 39,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 36,580,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 29,929,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 12,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 44,740,000.00 ~~875~~829.~~68886992~~09849218 0.00000000 46.~~59037774~~72136388 0.00000000 X 4,324,064.45 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 (2) All classes are per $1000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 1220.~~54888280~~37492622 ~~959~~939.~~71767854~~34275231 0.~~95971768~~93934275 1220.~~54888280~~37492622 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 46.~~59037774~~72136388 ~~829~~782.~~09849218~~37712830 0.~~82909849~~78237713 46.~~59037774~~72136388 X 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 (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 542,050,000.00 2.~~10375~~12000% ~~527~~520,~~017~~214,~~089~~967.5765 ~~923~~949,~~926~~681.8432 0.00 0.00 A-IO 0.00 6.00000% 219,480,381.00 1,097,401.9091 0.00 0.00 M-1 39,905,000.00 2.~~51375~~53000% 39,905,000.00 8386,~~592~~937.6648 0.00 0.00 M-2 36,580,000.00 2.~~96375~~98000% 36,580,000.00 9093,~~344~~868.9834 0.00 0.00 M-3 29,929,000.00 3.~~71375~~73000% 29,929,000.00 9296,~~624~~130.0229 0.00 0.00 B-1 12,304,000.00 4.~~06375~~08000% 12,304,000.00 4143,~~666~~228.9805 0.00 0.00 B-2 44,740,000.00 7.75000% 3937,~~178~~093,~~320~~866.0454 ~~253~~239,~~026~~564.6555 0.00 0.00 X 4,324,064.45 0.00000% 4,324,064.45 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 Totals 709,832,064.45 2,~~582~~606,~~584~~811.0394 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.0100 0.00 ~~923~~949,~~926~~681.8332 0.00 ~~520~~509,~~214~~170,~~967~~738.6589 A-IO 0.0100 0.00 1,097,401.9091 0.00 219,480,381.00 M-1 0.00 0.00 8386,~~592~~937.6648 0.00 39,905,000.00 M-2 0.00 0.00 9093,~~344~~868.9834 0.00 36,580,000.00 M-3 0.00 0.00 9296,~~624~~130.0229 0.00 29,929,000.00 B-1 0.00 0.00 4143,~~666~~228.9805 0.00 12,304,000.00 B-2 0.00 0.00 ~~253~~239,~~026~~564.6555 0.00 3735,~~093~~003,~~866~~552.5472 X 0.00 0.00 0.00 0.00 4,324,064.45 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 Totals 0.0200 0.00 2,~~582~~606,~~584~~811.0294 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 542,050,000.00 2.~~10375~~12000% ~~972~~959.~~26656133~~71767854 1.~~70450482~~75201793 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 45.~~99999998~~00000002 0.00000000 0.00000000 M-1 39,905,000.00 2.~~51375~~53000% 1000.00000000 2.~~09479163~~17861120 0.00000000 0.00000000 M-2 36,580,000.00 2.~~96375~~98000% 1000.00000000 2.~~46979169~~56611099 0.00000000 0.00000000 M-3 29,929,000.00 3.~~71375~~73000% 1000.00000000 3.~~09479167~~21194460 0.00000000 0.00000000 B-1 12,304,000.00 4.~~06375~~08000% 1000.00000000 3.~~38645806~~51333306 0.00000000 0.00000000 B-2 44,740,000.00 7.75000% ~~875~~829.~~68886992~~09849218 5.~~65549061~~35459432 0.00000000 0.00000000 X 4,324,064.45 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 (5) All classes are per $1000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.~~00000002~~00000000 0.00000000 1.~~70450481~~75201793 0.00000000 ~~959~~939.~~71767854~~34275231 A-IO 0.~~00000005~~00000000 0.00000000 45.~~99999998~~00000002 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~09479163~~17861120 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~46979169~~56611099 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~09479167~~21194460 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~38645806~~51333306 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 5.~~65549061~~35459432 0.00000000 ~~829~~782.~~09849218~~37712830 X 0.00000000 0.00000000 0.00000000 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 (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 1115,~~527~~680,~~929~~793.7800 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~141~~179,~~934~~682.6866 Realized Losses 0.00 Prepayment Penalties 84162,~~032~~584.2233 Total Deposits 1116,~~753~~023,~~896~~059.6899 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~284~~281,~~737~~705.2447 Payment of Interest and Principal 1115,~~469~~741,~~159~~354.4452 Total Withdrawals (Pool Distribution Amount) 1116,~~753~~023,~~896~~059.6899 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~273~~270,~~902~~984.9354 Credit Risk Manager's Fee 8,~~125~~040.7471 Securities Administrator Fee 2,~~708~~680.5722 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~284~~281,~~737~~705.2447

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund ~~800~~759,~~329~~079.2595 4140,~~249~~386.3029 0.00 ~~759~~718,~~079~~693.9566 Reserve Fund 1,000.00 0.00 0.00 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 68 0 0 68 ~~643~~841,~~303~~347.9024 0.00 0.00 ~~643~~841,~~303~~347.9024 30 Days 8186 1 0 0 8287 810,~~889~~017,~~535~~968.5012 87,~~899~~873.06 0.00 0.00 810,~~977~~105,~~434~~841.5618 60 Days 1533 1 133 0 2937 13,~~833~~930,~~270~~194.9156 25,~~994~~898.3066 2407,~~213,422~~203.2187 0.00 4,~~072~~363,~~687~~297.4209 90 Days 410 0 1613 0 2023 ~~394~~1,~~343~~422,725.0412 0.00 21,~~924~~768,~~223~~691.6313 0.00 3,~~318~~191,~~566~~416.6725 120 Days 2 1 17 0 520 ~~1 7 32~~132,~~016~~334.4995 0327,257.0032 ~~266~~2,~~209~~720,842.0696 0.00 ~~298~~3,~~225~~180,435.5523 150 Days 01 0 14 0 15 032,016.0049 0.00 72210,~~131~~343.7526 0.00 72242,~~131~~359.75 180+ Days 0 0 01 0 01 0.00 0.00 072,131.0075 0.00 072,131.0075 Totals ~~101~~132 811 3538 10 ~~145~~181 1115,~~149~~535,~~165~~239.9424 ~~757~~1,~~197~~282,376.2628 5,~~475~~179,~~986~~212.6597 0.00 1721,~~382~~996,~~349~~828.8549 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.~~133482~~180750% 0.000000% 0.000000% 0.~~133482~~180750% 0.~~099946~~132994% 0.000000% 0.000000% 0.~~099946~~132994% 30 Days 1.~~802002~~943064% 0.~~022247~~022594% 0.000000% 0.000000% 1.~~824249~~965657% 1.~~381107~~583568% 0.~~013656~~013890% 0.000000% 0.000000% 1.~~394764~~597459% 60 Days 0.~~333704~~745594% 0.~~022247~~022594% 0.~~289210~~067781% 0.000000% 0.~~645161~~835969% 0.~~284823~~621257% 0.~~004039~~004094% 0.~~343885~~064368% 0.000000% 0.~~632746~~689719% 90 Days 0.~~088988~~225938% 0.000000% 0.~~355951~~293719% 0.000000% 0.~~444939~~519657% 0.~~061266~~224894% 0.000000% 0.~~454317~~279582% 0.000000% 0.~~515583~~504476% 120 Days 0.~~022247~~045188% 0.~~000000~~022594% 0.~~111235~~384094% 0.~~022247~~000000% 0.~~155729~~451875% 0.~~004974~~020919% 0.~~000000~~051730% 0.~~041359~~430091% 0.000000% 0.~~046333~~502740% 150 Days 0.~~000000~~022594% 0.000000% 0.~~022247~~090375% 0.000000% 0.~~022247~~112969% 0.~~000000~~005061% 0.000000% 0.~~011207~~033250% 0.000000% 0.~~011207~~038310% 180+ Days 0.000000% 0.000000% 0.~~000000~~022594% 0.000000% 0.~~000000~~022594% 0.000000% 0.000000% 0.~~000000~~011402% 0.000000% 0.~~000000~~011402% Totals 2.~~246941~~982377% 0.~~177976~~248531% 0.~~778643~~858563% 0.~~022247~~000000% 34.~~225806~~089471% 12.~~732171~~455699% 0.~~117641~~202709% 0.~~850767~~818693% 0.000000% 23.~~700579~~477100%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~141~~179,~~934~~682.6866

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 8.~~915688~~909398% Weighted Average Net Coupon 8.~~405065~~403874% Weighted Average Pass-Through Rate 8.~~410066~~398874% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count 4,~~541~~495 Number Of Loans Paid In Full 4669 Ending Scheduled Collateral Loan Count 4,~~495~~426 Beginning Scheduled Collateral Balance ~~650~~643,~~059~~257,~~154~~032.0210 Ending Scheduled Collateral Balance ~~643~~632,~~257~~212,~~032~~803.1034 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~643~~632,~~652~~619,~~784~~943.5005 Monthly P &I Constant 5,~~260~~209,~~584~~449.8005 Special Servicing Fee 0.00 Prepayment Penalties 84162,~~032~~584.2233 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~643~~632,~~257~~212,~~032~~803.1034 Scheduled Principal ~~434~~433,~~091~~588.5339 Unscheduled Principal 610,~~368~~610,~~030~~640.3937 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 4,324,064.45 Overcollateralized Amount 4,324,064.45 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,~~212~~126,~~198~~907.6375

Libor Rate Used 1.~~81375~~83%

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2002 BC4