8-K 1 msc02op1.txt DECEMBER 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): December 26, 2002 MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83986-07 52-7294448 Pooling and Servicing Agreement) (Commission 52-2365726 (State or other File Number) 52-2365727 jurisdiction IRS EIN of Incorporation) 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 December 26, 2002 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CAPITAL I INC., Mortgage Pass-Through Certificates, Series 2002-OP1 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-OP1 Trust, relating to the December 26, 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. MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust By: Wells Fargo Bank Minnesota, NA as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 1/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-OP1 Trust, relating to the December 26, 2002 distribution. EX-99.1

Morgan Stanley Capital I Inc. Mortgage Pass-Through Certificates Record Date: 1011/3130/02 Distribution Date: 1112/2526/02 MSMC Series: 2002-OP1 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 A1 61746WTC4 SEN 21.~~15500~~70500% ~~230~~228,~~955~~608,~~864~~079.7903 ~~428~~335,~~583~~641.5210 23,~~347~~213,~~785~~815.7626 A2 61746WSX9 SEN 21.~~13000~~68000% ~~100~~99,~~746~~697,~~292~~757.7005 ~~184~~144,~~785~~229.4942 1,~~048~~911,~~535~~706.6510 M1 61746WSY7 SUB 2.~~58000~~13000% 27,905,000.00 6151,~~995~~182.6142 0.00 M2 61746WSZ4 SUB 32.~~18000~~73000% 21,704,000.00 5951,~~432~~022.7949 0.00 B1 61746WTA8 SUB 3.~~78000~~33000% 15,503,000.00 5044,~~462~~454.2785 0.00 B2 61746WTB6 SUB 43.~~18000~~73000% 4,134,000.00 1413,~~880~~278.1018 0.00 X MSC02OP1X SEN 0.00000% 5,167,617.75 2,~~030~~165,~~024~~523.9357 0.00 P MSC02OP1P SEN 0.00000% 0.01 7392,~~588~~058.6573 0.00 R1 MSC2OP1R1 SEN 0.00000% 0.00 0.00 0.00 R2 MSC2OP1R2 SEN 0.00000% 0.00 0.00 0.00 Totals ~~406~~402,~~115~~719,~~775~~453.2584 2,~~903~~897,~~753~~390.3676 35,~~396~~125,~~321~~521.4136

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~228~~225,~~608~~394,~~079~~263.0377 23,~~776~~549,~~369~~456.2836 0.00 A2 0.00 9997,~~697~~786,~~757~~050.0595 12,~~233~~055,~~321~~935.1452 0.00 M1 0.00 27,905,000.00 6151,~~995~~182.6142 0.00 M2 0.00 21,704,000.00 5951,~~432~~022.7949 0.00 B1 0.00 15,503,000.00 5044,~~462~~454.2785 0.00 B2 0.00 4,134,000.00 1413,~~880~~278.1018 0.00 X 0.00 5,167,617.75 2,~~030~~165,~~024~~523.9357 0.00 P 0.00 0.01 7392,~~588~~058.6573 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~402~~397,~~719~~593,~~453~~932.8448 68,~~300~~022,~~074~~912.7712 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 234,847,000.00 ~~230~~228,~~955~~608,~~864~~079.7903 0.00 23,~~347~~213,~~785~~815.7626 0.00 0.00 A2 104,148,000.00 ~~100~~99,~~746~~697,~~292~~757.7005 0.00 1,~~048~~911,~~535~~706.6510 0.00 0.00 M1 27,905,000.00 27,905,000.00 0.00 0.00 0.00 0.00 M2 21,704,000.00 21,704,000.00 0.00 0.00 0.00 0.00 B1 15,503,000.00 15,503,000.00 0.00 0.00 0.00 0.00 B2 4,134,000.00 4,134,000.00 0.00 0.00 0.00 0.00 X 5,168,421.00 5,167,617.75 0.00 0.00 0.00 0.00 P 0.00 0.01 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 Totals 413,409,421.00 ~~406~~402,~~115~~719,~~775~~453.2584 0.00 35,~~396~~125,~~321~~521.4136 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 23,~~347~~213,~~785~~815.7626 ~~228~~225,~~608~~394,~~079~~263.0377 0.~~97343410~~95974938 23,~~347~~213,~~785~~815.7626 A2 1,~~048~~911,~~535~~706.6510 9997,~~697~~786,~~757~~050.0595 0.~~95727001~~93891434 1,~~048~~911,~~535~~706.6510 M1 0.00 27,905,000.00 1.00000000 0.00 M2 0.00 21,704,000.00 1.00000000 0.00 B1 0.00 15,503,000.00 1.00000000 0.00 B2 0.00 4,134,000.00 1.00000000 0.00 X 0.00 5,167,617.75 0.99984459 0.00 P 0.00 0.01 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 35,~~396~~125,~~321~~521.4136 ~~402~~397,~~719~~593,~~453~~932.8448 0.~~97414194~~96174376 35,~~396~~125,~~321~~521.4136

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 234,847,000.00 ~~983~~973.~~43119048~~43410403 0.00000000 913.~~99708644~~68471924 0.00000000 A2 104,148,000.00 ~~967~~957.~~33775685~~27001047 0.00000000 1018.~~06774638~~35566790 0.00000000 M1 27,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 21,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 15,503,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 4,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,168,421.00 999.84458503 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 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 (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 913.~~99708644~~68471924 ~~973~~959.~~43410403~~74938479 0.~~97343410~~95974938 913.~~99708644~~68471924 A2 0.00000000 1018.~~06774638~~35566790 ~~957~~938.~~27001047~~91434257 0.~~95727001~~93891434 1018.~~06774638~~35566790 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.84458503 0.99984459 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 234,847,000.00 21.~~15500~~70500% ~~230~~228,~~955~~608,~~864~~079.7903 ~~428~~335,~~583~~641.5211 0.00 0.00 A2 104,148,000.00 21.~~13000~~68000% ~~100~~99,~~746~~697,~~292~~757.7005 ~~184~~144,~~785~~229.4942 0.00 0.00 M1 27,905,000.00 2.~~58000~~13000% 27,905,000.00 6151,~~995~~182.6142 0.00 0.00 M2 21,704,000.00 32.~~18000~~73000% 21,704,000.00 5951,~~432~~022.7949 0.00 0.00 B1 15,503,000.00 3.~~78000~~33000% 15,503,000.00 5044,~~462~~454.2785 0.00 0.00 B2 4,134,000.00 43.~~18000~~73000% 4,134,000.00 1413,~~880~~278.1018 0.00 0.00 X 5,168,421.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 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 Totals 413,409,421.00 ~~800~~639,~~139~~808.7847 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 ~~428~~335,~~583~~641.5210 0.00 ~~228~~225,~~608~~394,~~079~~263.0377 A2 0.00 0.00 ~~184~~144,~~785~~229.4942 0.00 9997,~~697~~786,~~757~~050.0595 M1 0.00 0.00 6151,~~995~~182.6142 0.00 27,905,000.00 M2 0.00 0.00 5951,~~432~~022.7949 0.00 21,704,000.00 B1 0.00 0.00 5044,~~462~~454.2785 0.00 15,503,000.00 B2 0.00 0.00 1413,~~880~~278.1018 0.00 4,134,000.00 X 0.00 0.00 2,~~030~~165,~~024~~523.9357 0.00 0.00 P 0.00 0.00 7392,~~588~~058.6573 0.00 0.01 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~903~~897,~~753~~390.3676 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 234,847,000.00 21.~~15500~~70500% ~~983~~973.~~43119048~~43410403 1.~~82494782~~42919054 0.00000000 0.00000000 A2 104,148,000.00 21.~~13000~~68000% ~~967~~957.~~33775685~~27001047 1.~~77425865~~38485060 0.00000000 0.00000000 M1 27,905,000.00 2.~~58000~~13000% 1000.00000000 21.~~22166673~~83416664 0.00000000 0.00000000 M2 21,704,000.00 32.~~18000~~73000% 1000.00000000 2.~~73833349~~35083349 0.00000000 0.00000000 B1 15,503,000.00 3.~~78000~~33000% 1000.00000000 32.~~25500032~~86749984 0.00000000 0.00000000 B2 4,134,000.00 43.~~18000~~73000% 1000.00000000 3.~~59944364~~21194485 0.00000000 0.00000000 X 5,168,421.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 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 (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 A1 0.00000000 0.00000000 1.~~82494782~~42919049 0.00000000 ~~973~~959.~~43410403~~74938479 A2 0.00000000 0.00000000 1.~~77425865~~38485060 0.00000000 ~~957~~938.~~27001047~~91434257 M1 0.00000000 0.00000000 21.~~22166673~~83416664 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~73833349~~35083349 0.00000000 1000.00000000 B1 0.00000000 0.00000000 32.~~25500032~~86749984 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~59944364~~21194485 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~392~~418.~~77468496~~99132636 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 68,~~397~~100,~~393~~331.1819 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 7392,~~588~~058.6573 Total Deposits 68,~~470~~192,~~981~~389.8392 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~170~~169,~~907~~477.0680 Payment of Interest and Principal 68,~~300~~022,~~074~~912.7712 Total Withdrawals (Pool Distribution Amount) 68,~~470~~192,~~981~~389.8392 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~169~~167,~~214~~799.9179 Trustee Fee Wells Fargo Bank, N.A. 1,~~692~~678.1501 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~170~~169,~~907~~477.0680

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 57 0 0 57 ~~724~~1,~~757~~323,259.1962 0.00 0.00 ~~724~~1,~~757~~323,259.1962 30 Days 3330 0 1 0 3431 34,~~447~~420,~~984~~659.1674 0.00 83151,~~119~~707.2120 0.00 34,~~531~~572,~~103~~366.3794 60 Days 2 1 140 12 0 1713 ~~610~~54,~~864~~748.9511 ~~169,511~~0.8900 2767,~~203,444~~973.6470 0.00 2822,~~983,821~~721.4881 90 Days 23 0 1526 01 1730 ~~899~~1,~~510~~068,817.0005 0.00 13,~~839~~631,~~485~~490.8804 055,200.00 24,~~738~~755,~~995~~507.8809 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 3734 67 3039 01 7381 45,~~958~~544,~~359~~224.1190 ~~894~~1,~~269~~323,259.0862 4,~~126~~551,~~049~~170.7394 055,200.00 911,~~978~~473,~~677~~855.9246 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.~~177557~~251256% 0.000000% 0.000000% 0.~~177557~~251256% 0.~~179966~~332817% 0.000000% 0.000000% 0.~~179966~~332817% 30 Days 1.~~171875~~076813% 0.000000% 0.~~035511~~035894% 0.000000% 1.~~207386~~112706% 01.~~856175~~111853% 0.000000% 0.~~020639~~038156% 0.000000% 01.~~876815~~150009% 60 Days 0.~~071023~~035894% 0.~~035511~~000000% 0.~~497159~~430725% 0.000000% 0.~~603693~~466619% 0.~~151685~~013770% 0.~~042092~~000000% 0.~~547141~~193155% 0.000000% 0.~~740918~~206925% 90 Days 0.~~071023~~107681% 0.000000% 0.~~532670~~933238% 0.~~000000~~035894% 01.~~603693~~076813% 0.~~223359~~268821% 0.000000% 0.~~456766~~913367% 0.~~000000~~013884% 01.~~680125~~196071% 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.~~313920~~220388% 0.~~213068~~251256% 1.~~065341~~399856% 0.~~000000~~035894% 2.~~592330~~907394% 1.~~231219~~394444% 0.~~222058~~332817% 1.~~024547~~144678% 0.~~000000~~013884% 2.~~477824~~885823%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~867634~~864165% Weighted Average Net Coupon 8.~~367634~~364165% Weighted Average Pass-Through Rate 8.~~362634~~359165% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 2,~~837~~816 Number Of Loans Paid In Full 2130 Ending Scheduled Collateral Loan Count 2,~~816~~786 Beginning Scheduled Collateral Balance ~~406~~402,~~115~~719,~~775~~453.2584 Ending Scheduled Collateral Balance ~~402~~397,~~719~~593,~~453~~932.8448 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~402~~397,~~719~~593,~~453~~932.8448 Monthly P &I Constant 3,~~264~~237,~~614~~216.3956 Special Servicing Fee 0.00 Prepayment Penalties 7392,~~588~~058.6573 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~402~~397,~~719~~593,~~453~~932.8448 Scheduled Principal ~~263~~262,~~542~~406.6375 Unscheduled Principal 34,~~132~~863,~~778~~114.7861 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,167,617.76 Overcollateralized Amount 5,167,617.76 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 ~~Extra principal distribution Amount 0.00 Excess Cash Amount 0.00~~

Group Level Collateral Statement Group Group 1 Arm Loans Group 2 Fixed Loan Group 3 Arm Loans Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 8.~~999710~~999730 8.~~866505~~855601 8.~~564543~~559868 Weighted Average Net Rate 8.~~499710~~499730 8.~~366505~~355601 8.~~064542~~059868 Weighted Average Maturity ~~347~~346 ~~347~~346 ~~347~~346 Beginning Loan Count 1,~~737~~723 ~~548~~547 ~~362~~360 Loans Paid In Full 1416 15 23 Ending Loan Count 1,~~723~~707 ~~547~~542 ~~360~~357 Beginning Scheduled Balance ~~226~~224,~~433~~341,~~676~~208.0075 5655,~~074~~819,~~342~~023.4998 8988,~~247~~505,~~454~~939.3028 Ending scheduled Balance ~~224~~221,~~341~~663,~~208~~789.7563 55,~~819~~282,~~023~~627.9884 8887,~~505~~612,~~939~~438.2803 Record Date 1011/3130/2002 1011/3130/2002 1011/3130/2002 Principal And Interest Constant 1,~~828~~812,~~954~~791.9035 ~~462~~460,~~768~~414.0546 ~~694~~688,~~108~~281.0072 Scheduled Principal 130,~~757~~282.0373 48,~~448~~488.5363 5756,~~138~~949.3111 Unscheduled Principal 12,~~961~~547,~~710~~136.2239 ~~206~~487,~~869~~907.9851 ~~684~~836,~~376~~552.7114 Scheduled Interest 1,~~698~~682,~~197~~508.8762 ~~414~~411,~~319~~925.5283 ~~636~~631,~~969~~332.6961 Servicing Fees 9493,~~347~~475.3750 23,~~364~~257.3094 3736,~~186~~877.4547 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~943~~934.4775 ~~233~~232.6458 ~~371~~368.8678 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~602~~588,~~907~~098.0337 ~~390~~388,~~721~~435.5831 ~~599~~594,~~411~~086.3836 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 7392,~~588~~058.6573 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~494710~~494730 8.~~361505~~350601 8.~~059543~~054868

Group Level Collateral Statement Group Group 4 Fixed Loan Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~786349~~775991 8.~~867634~~864165 Weighted Average Net Rate 8.~~286349~~275991 8.~~367634~~364165 Weighted Average Maturity ~~347~~346 ~~347~~346 Beginning Loan Count ~~190~~186 2,~~837~~816 Loans Paid In Full 46 2130 Ending Loan Count ~~186~~180 2,~~816~~786 Beginning Scheduled Balance 34,~~360~~053,~~302~~281.4683 ~~406~~402,~~115~~719,~~775~~453.2584 Ending scheduled Balance 3433,~~053~~035,~~281~~076.8398 ~~402~~397,~~719~~593,~~453~~932.8448 Record Date 1011/3130/2002 1011/3130/2002 Principal And Interest Constant ~~278~~275,~~783~~729.4403 3,~~264~~237,~~614~~216.3956 Scheduled Principal 2726,~~198~~686.7628 ~~263~~262,~~542~~406.6375 Unscheduled Principal ~~279~~991,~~821~~518.8757 34,~~132~~863,~~778~~114.7861 Scheduled Interest ~~251~~249,~~584~~042.6875 32,~~001~~974,~~071~~809.7681 Servicing Fees 14,~~316~~188.7988 ~~169~~167,~~214~~799.9179 Master Servicing Fees 0.00 0.00 Trustee Fee ~~143~~141.1890 1,~~692~~678.1501 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 ~~237~~234,~~124~~711.7197 2,~~830~~805,~~164~~332.7001 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 7392,~~588~~058.6573 Special Servicing Fee 0.00 0.00 Pass-Through Rate 8.~~281349~~270991 8.~~362634~~359165

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-OP1