8-K 1 arc02bc5.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-BC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-15 Pooling and Servicing Agreement) (Commission 52-2365714 (State or other File Number) 52-2365715 jurisdiction 52-2365716 of Incorporation) 52-7294446 IRS EIN 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-BC5 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-BC5 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-BC5 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee 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-BC5 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-BC5 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 86358RZ42 SEN 2.~~13375~~15000% ~~678~~671,~~616~~649,~~099~~742.2021 1,~~206~~243,~~664~~484.2587 611,~~966~~840,~~356~~055.9952 A-IO 86358RZ59 SEN 6.00000% 0.00 1,379,348.2324 0.00 M1 86358RZ67 SUB 2.~~50375~~52000% 50,158,000.00 ~~104~~108,~~652~~842.5886 0.00 M2 86358RZ75 SUB 3.~~01375~~03000% 37,619,000.00 9498,~~478~~154.5524 0.00 M3 86358RZ83 SUB 3.~~81375~~83000% 37,619,000.00 ~~119~~124,~~557~~069.8855 0.00 B 86358RZ91 SUB 4.~~06375~~08000% 11,704,000.00 3941,~~635~~120.1105 0.00 X ARC02BC5X SUB 0.00000% 5,015,628.14 2,~~640~~523,~~121~~759.4806 0.00 P SEN 0.00000% 0.00 ~~209~~217,~~892~~957.6570 0.00 R ARC02B5R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~820~~813,~~731~~765,~~727~~370.3435 5,~~794~~736,~~350~~736.7357 611,~~966~~840,~~356~~055.9952

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~671~~659,~~649~~809,~~742~~686.2169 813,~~173~~083,~~021~~540.2439 0.00 A-IO 0.00 0.00 1,379,348.2324 0.00 M1 0.00 50,158,000.00 ~~104~~108,~~652~~842.5886 0.00 M2 0.00 37,619,000.00 9498,~~478~~154.5524 0.00 M3 0.00 37,619,000.00 ~~119~~124,~~557~~069.8855 0.00 B 0.00 11,704,000.00 3941,~~635~~120.1105 0.00 X 0.00 5,015,628.14 2,~~640~~523,~~121~~759.4806 0.00 P 0.00 0.00 ~~209~~217,~~892~~957.6570 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~813~~801,~~765~~925,~~370~~314.3583 1217,~~760~~576,~~707~~792.7209 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 693,853,000.00 ~~678~~671,~~616~~649,~~099~~742.2021 0.00 611,~~966~~840,~~356~~055.9952 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 50,158,000.00 50,158,000.00 0.00 0.00 0.00 0.00 M2 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 M3 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 B 11,704,000.00 11,704,000.00 0.00 0.00 0.00 0.00 X 5,015,628.14 5,015,628.14 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 835,968,628.14 ~~820~~813,~~731~~765,~~727~~370.3435 0.00 611,~~966~~840,~~356~~055.9952 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,~~966~~840,~~356~~055.9952 ~~671~~659,~~649~~809,~~742~~686.2169 0.~~96800006~~95093584 611,~~966~~840,~~356~~055.9952 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 50,158,000.00 1.00000000 0.00 M2 0.00 37,619,000.00 1.00000000 0.00 M3 0.00 37,619,000.00 1.00000000 0.00 B 0.00 11,704,000.00 1.00000000 0.00 X 0.00 5,015,628.14 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 611,~~966~~840,~~356~~055.9952 ~~813~~801,~~765~~925,~~370~~314.3583 0.~~97344008~~95927681 611,~~966~~840,~~356~~055.9952

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 693,853,000.00 ~~978~~968.~~04016009~~00005507 0.00000000 1017.~~04010502~~06421320 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 50,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 11,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,015,628.14 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 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 0.00000000 1017.~~04010502~~06421320 ~~968~~950.~~00005507~~93584187 0.~~96800006~~95093584 1017.~~04010502~~06421320 A-IO 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 693,853,000.00 2.~~13375~~15000% ~~678~~671,~~616~~649,~~099~~742.2021 1,~~206~~243,~~664~~484.2587 0.00 0.00 A-IO 0.00 6.00000% 275,869,647.00 1,379,348.2324 0.00 0.00 M1 50,158,000.00 2.~~50375~~52000% 50,158,000.00 ~~104~~108,~~652~~842.5886 0.00 0.00 M2 37,619,000.00 3.~~01375~~03000% 37,619,000.00 9498,~~478~~154.5524 0.00 0.00 M3 37,619,000.00 3.~~81375~~83000% 37,619,000.00 ~~119~~124,~~557~~069.8855 0.00 0.00 B 11,704,000.00 4.~~06375~~08000% 11,704,000.00 3941,~~635~~120.1105 0.00 0.00 X 5,015,628.14 0.00000% 5,015,628.14 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 835,968,628.14 2,~~944~~995,~~336~~019.6081 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 1,~~206~~243,~~664~~484.2587 0.00 ~~671~~659,~~649~~809,~~742~~686.2169 A-IO 0.00 0.00 1,379,348.2324 0.00 275,869,647.00 M1 0.00 0.00 ~~104~~108,~~652~~842.5886 0.00 50,158,000.00 M2 0.00 0.00 9498,~~478~~154.5524 0.00 37,619,000.00 M3 0.00 0.00 ~~119~~124,~~557~~069.8855 0.00 37,619,000.00 B 0.00 0.00 3941,~~635~~120.1105 0.00 11,704,000.00 X 0.00 0.00 2,~~640~~523,~~121~~759.4806 0.00 5,015,628.14 P 0.00 0.00 ~~209~~217,~~892~~957.6570 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~794~~736,~~350~~736.7357 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 693,853,000.00 2.~~13375~~15000% ~~978~~968.~~04016009~~00005507 1.~~73907766~~79214455 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 45.~~99999998~~00000002 0.00000000 0.00000000 M1 50,158,000.00 2.~~50375~~52000% 1000.00000000 2.~~08645839~~17000000 0.00000000 0.00000000 M2 37,619,000.00 3.~~01375~~03000% 1000.00000000 2.~~51145831~~60916664 0.00000000 0.00000000 M3 37,619,000.00 3.~~81375~~83000% 1000.00000000 3.~~17812488~~29805550 0.00000000 0.00000000 B 11,704,000.00 4.~~06375~~08000% 1000.00000000 3.~~38645848~~51333305 0.00000000 0.00000000 X 5,015,628.14 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 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 0.00000000 0.00000000 1.~~73907766~~79214455 0.00000000 ~~968~~950.~~00005507~~93584187 A-IO 0.00000000 0.00000000 45.~~99999998~~00000002 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~08645839~~17000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~51145831~~60916664 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~17812488~~29805550 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~38645848~~51333305 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~526~~503.~~37903096~~17906144 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 1217,~~725~~373,~~326~~861.9561 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~185~~571,~~465~~969.4391 Realized Losses 0(8,035.0044) Prepayment Penalties ~~209,892~~0.6500 Total Deposits 1317,~~120~~937,~~685~~796.0308 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~359~~361,~~977~~003.3199 Payment of Interest and Principal 1217,~~760~~576,~~707~~792.7209 Total Withdrawals (Pool Distribution Amount) 1317,~~120~~937,~~685~~796.0308 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~346~~347,~~298~~441.3626 Credit Risk Manager's Fee 10,~~259~~172.1507 Trustee Fee 3,~~419~~390.8066 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~359~~361,~~977~~003.3199

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 1112 0 0 1112 1,~~451~~904,~~404~~572.1511 0.00 0.00 1,~~451~~904,~~404~~572.1511 30 Days ~~104~~374 12 0 0 ~~105~~376 1342,~~448~~776,~~686~~533.0371 9853,~~906~~780.8654 0.00 0.00 1342,~~547~~830,~~592~~314.8925 60 Days 3695 2 0 3 1 4098 511,~~641~~710,~~750~~678.6102 184,129.13 0.00 ~~254,886~~0.8900 5511,~~977.74 5~~894,~~952,615~~807.2415 90 Days 1428 1 524 0 2053 13,~~969~~908,~~031~~017.3402 4132,~~965~~460.4828 13,~~060~~288,~~797~~198.5335 0.00 37,~~071~~228,~~794~~675.3565 120 Days 06 0 124 0 1 031 820,618.0077 0.00 703,~~375~~569,739.2058 055,977.0074 704,~~375~~446,336.2009 150 Days 0 01 015 0 016 0.00 041,965.0048 02,678,036.0034 0.00 02,720,001.0082 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~154~~503 1318 963 12 ~~177~~586 2159,~~059~~215,~~467~~847.9852 12,~~592~~216,~~276~~907.4954 19,~~386~~535,~~059~~974.6227 55,977.74 2471,~~093~~024,~~781~~707.8307 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.~~205877~~228094% 0.000000% 0.000000% 0.~~205877~~228094% 0.~~178248~~237350% 0.000000% 0.000000% 0.~~178248~~237350% 30 Days 17.~~946472~~108915% 0.~~018716~~038016% 0.000000% 0.000000% 17.~~965188~~146930% 15.~~651646~~330854% 0.~~012147~~006702% 0.000000% 0.000000% 15.~~663793~~337556% 60 Days 01.~~673779~~805740% 0.~~000000~~038016% 0.~~056148~~000000% 0.~~018716~~019008% 01.~~748643~~862764% 01.~~692869~~459396% 0.~~000000~~022946% 0.~~031303~~000000% 0.~~006875~~000000% 01.~~731047~~482343% 90 Days 0.~~262025~~532218% 0.~~018716~~019008% 0.~~093580~~456187% 0.000000% 01.~~374322~~007413% 0.~~241819~~487021% 0.~~005154~~004045% 0.~~130278~~409779% 0.000000% 0.~~377250~~900845% 120 Days 0.~~000000~~114047% 0.000000% 0.~~018716~~456187% 0.~~000000~~019008% 0.~~018716~~589242% 0.~~000000~~102266% 0.000000% 0.~~008643~~444865% 0.~~000000~~006976% 0.~~008643~~554107% 150 Days 0.000000% 0.~~000000~~019008% 0.~~000000~~285117% 0.000000% 0.~~000000~~304125% 0.000000% 0.~~000000~~005230% 0.~~000000~~333740% 0.000000% 0.~~000000~~338969% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 29.~~882276~~560920% 0.~~243309~~342140% 01.~~168445~~197491% 0.~~018716~~038016% 311.~~312746~~138567% 27.~~586334~~379538% 0.~~195549~~276273% 01.~~170223~~188383% 0.~~006875~~006976% 28.~~958981~~851170%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~185~~571,~~465~~969.4391

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 8.~~712977~~704511% Weighted Average Net Coupon 8.~~206651~~192165% Weighted Average Pass-Through Rate 8.~~201651~~187164% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 5,~~398~~343 Number Of Loans Paid In Full 5582 Ending Scheduled Collateral Loan Count 5,~~343~~261 Beginning Scheduled Collateral Balance ~~820~~813,~~731~~765,~~727~~370.3435 Ending Scheduled Collateral Balance ~~813~~801,~~765~~925,~~370~~314.3583 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~814~~802,~~259~~432,~~428~~992.5661 Monthly P &I Constant 6,~~524~~466,~~436~~650.1334 Special Servicing Fee 0.00 Prepayment Penalties ~~209,892~~0.6500 Realized Loss Amount 08,035.0044 Cumulative Realized Loss 08,035.0044 Ending Scheduled Balance for Premium Loans ~~813~~801,~~765~~925,~~370~~314.3583 Scheduled Principal 565,~~255~~890.3658 Unscheduled Principal 611,~~401~~274,~~101~~164.6394 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,015,628.14 Overcollateralized Amount 5,015,628.14 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 08,035.0044 Excess Cash Amount 2,~~654~~536,~~866~~700.7367

Basis Risk Cap $2,559.71

Filing Compare · AMORTIZING RESI COLLAT TR MORT PAS THRU CERT SER 2002-BC5