8-K 1 bsa02ac4.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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2002-AC4 Trust (Exact name of registrant as specified in its charter) 54-2079889 54-2079834 New York (governing law of 333-43091-14 54-2019835 Pooling and Servicing Agreement) (Commission 54-2079836 (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 December 26, 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 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. 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: 1/7/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AC4 Trust, relating to the December 26, 2002 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 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 21.~~38000~~93000% ~~113~~112,~~664~~663,~~179~~965.0191 ~~225~~180,~~433~~939.9680 1,~~000~~641,~~213~~164.1089 I-A2 07384YEY8 SEN 6.~~12000~~57000% 0.00 ~~579~~615,~~687~~945.3134 0.00 I-X 07384YFA9 SEN 0.~~49995~~50162% 0.00 31,~~225~~045.5012 0.00 I-PO 07384YEZ5 SEN 0.00000% 2,~~848~~817,~~257~~790.4782 0.00 3017,~~466~~447.6562 R-I 07384YFJ0 SEN 5.50000% 0.00 0.00 0.00 R-II 07384YFK7 SEN 5.50000% 0.00 0.34 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% ~~168~~162,~~365~~183,~~914~~222.0416 ~~771~~742,~~677~~267.1139 68,~~182~~321,~~691~~536.8895 II-A2 07384YFD3 SEN 5.50000% 11,800,000.00 54,~~083~~005.3331 0.00 II-X 07384YFB7 SEN 2.~~19105~~17513% 0.00 ~~360~~345,~~302~~953.0513 0.00 B-1 07384YFF8 SUB 5.50000% 11,~~254~~246,~~497~~249.2214 51,~~583~~470.1195 8,~~248~~306.0724 B-2 07384YFG6 SUB 5.50000% 5,~~542~~538,~~872~~810.3313 25,~~404~~349.8359 4,~~062~~090.2085 B-3 07384YFH4 SUB 5.50000% 3,~~695~~692,~~581~~872.0769 16,~~938~~901.0825 2,~~708~~727.3848 B-4 07384YFN1 SUB 6.~~64213~~64225% 3,~~024~~022,~~565~~348.0039 16,~~741~~705.2920 2,~~216~~232.6124 B-5 07384YFQ4 SUB 6.~~64213~~64225% 2,~~184~~183,~~796~~195.3720 12,~~093~~067.0801 1,~~601~~612.1746 B-6 07384YFS0 SUB 6.~~64213~~64225% 2,~~015~~014,~~577~~100.3520 11,~~156~~132.4338 1,~~477~~487.1557 BX 07384YFE1 SEN 8.50000% 0.00 19,~~504~~464.3000 0.00 XP BSA2AC4XP SEN 0.00000% 100.00 3335,~~043~~778.6623 0.00 Totals ~~324~~317,~~396~~162,~~339~~654.8664 2,~~208~~159,~~874~~025.3804 710,~~233~~000,~~685~~606.2130

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A1 0.00 ~~112~~111,~~663~~022,~~965~~801.9102 1,~~225~~822,~~647~~104.0669 0.00 I-A2 0.00 0.00 ~~579~~615,~~687~~945.3134 0.00 I-X 0.00 0.00 31,~~225~~045.5012 0.00 I-PO 0.00 2,~~817~~800,~~790~~343.8220 3017,~~466~~447.6562 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.34 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 ~~162~~153,~~183~~861,~~222~~685.1621 69,~~954~~063,~~368~~804.9934 0.00 II-A2 0.00 11,800,000.00 54,~~083~~005.3331 0.00 II-X 0.00 0.00 ~~360~~345,~~302~~953.0513 0.00 B-1 0.00 11,~~246~~237,~~249~~942.1490 59,~~831~~777.1819 0.00 B-2 0.00 5,~~538~~534,~~810~~719.1328 29,~~467~~440.0344 0.00 B-3 0.00 3,~~692~~690,~~872~~145.6921 19,~~646~~628.4673 0.00 B-4 0.00 3,~~022~~020,~~348~~116.3914 18,~~957~~937.9044 0.00 B-5 0.00 2,~~183~~181,~~195~~582.2074 13,~~694~~679.2547 0.00 B-6 0.00 2,~~014~~012,~~100~~612.2062 12,~~633~~619.5895 0.00 BX 0.00 0.00 19,~~504~~464.3000 0.00 XP 0.00 100.00 3335,~~043~~778.6623 0.00 Totals 0.00 ~~317~~307,162,~~654~~048.6432 912,~~442~~159,~~559~~631.5934 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 ~~113~~112,~~664~~663,~~179~~965.0191 70,~~944~~931.8643 ~~929~~1,~~268~~570,233.2446 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,~~848~~817,~~257~~790.4782 2,~~643~~641.4551 2714,~~823~~806.2010 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 ~~168~~162,~~365~~183,~~914~~222.0416 ~~144~~140,~~076~~158.8987 68,~~038~~181,~~614~~378.9908 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,~~254~~246,~~497~~249.2214 8,~~248~~306.0724 0.00 0.00 0.00 B-2 5,551,000.00 5,~~542~~538,~~872~~810.3313 4,~~062~~090.2085 0.00 0.00 0.00 B-3 3,701,000.00 3,~~695~~692,~~581~~872.0769 2,~~708~~727.3848 0.00 0.00 0.00 B-4 3,029,000.00 3,~~024~~022,~~565~~348.0039 2,~~216~~232.6124 0.00 0.00 0.00 B-5 2,188,000.00 2,~~184~~183,~~796~~195.3720 1,~~601~~612.1746 0.00 0.00 0.00 B-6 2,018,533.00 2,~~015~~014,~~577~~100.3520 1,~~477~~487.1557 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 ~~324~~317,~~396~~162,~~339~~654.8664 ~~237~~234,~~978~~188.7865 69,~~995~~766,~~706~~417.4364 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 1,~~000~~641,~~213~~164.1089 ~~112~~111,~~663~~022,~~965~~801.9102 0.~~98286602~~96854871 1,~~000~~641,~~213~~164.1089 I-A2 0.00 0.00 0.00000000 0.00 I-X 0.00 0.00 0.00000000 0.00 I-PO 3017,~~466~~447.6562 2,~~817~~800,~~790~~343.8220 0.~~98393078~~97783833 3017,~~466~~447.6562 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 68,~~182~~321,~~691~~536.8895 ~~162~~153,~~183~~861,~~222~~685.1621 0.~~90398196~~85759911 68,~~182~~321,~~691~~536.8895 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,~~248~~306.0724 11,~~246~~237,~~249~~942.1490 0.~~99780402~~99706707 8,~~248~~306.0724 B-2 4,~~062~~090.2085 5,~~538~~534,~~810~~719.1328 0.~~99780402~~99706707 4,~~062~~090.2085 B-3 2,~~708~~727.3848 3,~~692~~690,~~872~~145.6921 0.~~99780402~~99706707 2,~~708~~727.3848 B-4 2,~~216~~232.6124 3,~~022~~020,~~348~~116.3914 0.~~99780402~~99706707 2,~~216~~232.6124 B-5 1,~~601~~612.1746 2,~~183~~181,~~195~~582.2074 0.~~99780402~~99706707 1,~~601~~612.1746 B-6 1,~~477~~487.1557 2,~~014~~012,~~100~~612.2062 0.~~99780395~~99706699 1,~~477~~487.1557 BX 0.00 0.00 0.00000000 0.00 XP 0.00 100.00 1.00000000 0.00 Totals 710,~~233~~000,~~685~~606.2130 ~~317~~307,162,~~654~~048.6432 0.~~94264470~~91292173 710,~~233~~000,~~685~~606.2130

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 ~~991~~982.~~59174905~~86601799 0.~~61891388~~61879672 813.~~10681718~~69851572 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 ~~994~~983.~~56928707~~93078451 0.~~92305355~~92237614 95.~~71544900~~17007064 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 ~~938~~903.~~44324022~~98195728 0.~~80306031~~78122193 3345.~~65822263~~60162310 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 ~~998~~997.~~53581936~~80402271 0.~~73179576~~73695679 0.00000000 0.00000000 B-2 5,551,000.00 ~~998~~997.~~53581877~~80402270 0.~~73179607~~73695730 0.00000000 0.00000000 B-3 3,701,000.00 ~~998~~997.~~53582005~~80402324 0.~~73179681~~73695758 0.00000000 0.00000000 B-4 3,029,000.00 ~~998~~997.~~53582040~~80402443 0.~~73179597~~73695609 0.00000000 0.00000000 B-5 2,188,000.00 ~~998~~997.~~53581810~~80402194 0.~~73179616~~73695612 0.00000000 0.00000000 B-6 2,018,533.00 ~~998~~997.~~53574353~~80394970 0.~~73179383~~73695600 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 814.~~72573106~~31731244 ~~982~~968.~~86601799~~54870555 0.~~98286602~~96854871 814.~~72573106~~31731244 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 106.~~63850255~~09245027 ~~983~~977.~~93078451~~83833425 0.~~98393078~~97783833 106.~~63850255~~09245027 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 3446.~~46128294~~38284503 ~~903~~857.~~98195728~~59911226 0.~~90398196~~85759911 3446.~~46128294~~38284503 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.~~73179576~~73695679 997.~~80402271~~06706592 0.~~99780402~~99706707 0.~~73179576~~73695679 B-2 0.00000000 0.~~73179607~~73695730 997.~~80402270~~06706539 0.~~99780402~~99706707 0.~~73179607~~73695730 B-3 0.00000000 0.~~73179681~~73695758 997.~~80402324~~06706566 0.~~99780402~~99706707 0.~~73179681~~73695758 B-4 0.00000000 0.~~73179597~~73695609 997.~~80402443~~06706504 0.~~99780402~~99706707 0.~~73179597~~73695609 B-5 0.00000000 0.~~73179616~~73695612 997.~~80402194~~06706581 0.~~99780402~~99706707 0.~~73179616~~73695612 B-6 0.00000000 0.~~73179383~~73695600 997.~~80394970~~06698875 0.~~99780395~~99706699 0.~~73179383~~73695600 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 21.~~38000~~93000% ~~113~~112,~~664~~663,~~179~~965.0191 ~~225~~181,~~433~~201.9621 0.00 0.00 I-A2 0.00 6.~~12000~~57000% ~~113~~112,~~664~~663,~~179~~965.0191 ~~579~~616,~~687~~835.3121 0.00 0.00 I-X 0.00 0.~~49995~~50162% 74,~~949~~375,~~426~~054.5559 31,~~225~~089.5097 0.00 0.00 I-PO 2,863,810.00 0.00000% 2,~~848~~817,~~257~~790.4782 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% ~~168~~162,~~365~~183,~~914~~222.0416 ~~771~~743,~~677~~339.1177 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.~~19105~~17513% ~~197~~191,~~331~~135,~~632~~213.6046 ~~360~~346,~~302~~452.0594 0.00 0.00 B-1 11,271,000.00 5.50000% 11,~~254~~246,~~497~~249.2214 51,~~583~~545.1131 0.00 0.00 B-2 5,551,000.00 5.50000% 5,~~542~~538,~~872~~810.3313 25,~~404~~386.8321 0.00 0.00 B-3 3,701,000.00 5.50000% 3,~~695~~692,~~581~~872.0769 16,~~938~~925.0867 0.00 0.00 B-4 3,029,000.00 6.~~64213~~64225% 3,~~024~~022,~~565~~348.0039 16,~~741~~729.2933 0.00 0.00 B-5 2,188,000.00 6.~~64213~~64225% 2,~~184~~183,~~796~~195.3720 12,~~093~~084.0844 0.00 0.00 B-6 2,018,533.00 6.~~64213~~64225% 2,~~015~~014,~~577~~100.3520 11,~~156~~148.4347 0.00 0.00 BX 0.00 8.50000% 2,~~753~~751,~~547~~828.6397 19,~~504~~492.3012 0.00 0.00 XP 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 336,460,443.00 2,~~175~~126,~~830~~313.3898 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 0261.0041 0.00 ~~225~~180,~~433~~939.9680 0.00 ~~112~~111,~~663~~022,~~965~~801.9102 I-A2 0889.0087 0.00 ~~579~~615,~~687~~945.3134 0.00 ~~112~~111,~~663~~022,~~965~~801.9102 I-X 044.0085 0.00 31,~~225~~045.5012 0.00 7473,~~375~~164,~~054~~943.5979 I-PO 0.00 0.00 0.00 0.00 2,~~817~~800,~~790~~343.8220 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.34 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 01,072.0038 0.00 ~~771~~742,~~677~~267.1139 0.00 ~~162~~153,~~183~~861,~~222~~685.1621 II-A2 078.0002 0.00 54,~~083~~005.3331 0.00 11,800,000.00 II-X 0499.0081 0.00 ~~360~~345,~~302~~953.0513 0.00 ~~191~~182,~~135~~799,~~213~~859.4607 B-1 074.0036 0.00 51,~~583~~470.1195 0.00 11,~~246~~237,~~249~~942.1490 B-2 036.0062 0.00 25,~~404~~349.8359 0.00 5,~~538~~534,~~810~~719.1328 B-3 024.0042 0.00 16,~~938~~901.0825 0.00 3,~~692~~690,~~872~~145.6921 B-4 024.0013 0.00 16,~~741~~705.2920 0.00 3,~~022~~020,~~348~~116.3914 B-5 017.0043 0.00 12,~~093~~067.0801 0.00 2,~~183~~181,~~195~~582.2074 B-6 016.0008 0.00 11,~~156~~132.4338 0.00 2,~~014~~012,~~100~~612.2062 BX 028.0012 0.00 19,~~504~~464.3000 0.00 2,~~753~~751,~~547~~828.6397 XP 0.00 0.00 3335,~~043~~778.6623 0.00 0.00 Totals 03,067.0050 0.00 2,~~208~~159,~~874~~025.3804 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 21.~~38000~~93000% ~~991~~982.~~59174905~~86601799 1.~~96665701~~58077616 0.00000000 0.00000000 I-A2 0.00 6.~~12000~~57000% ~~991~~982.~~59174905~~86601799 5.~~05711789~~38119142 0.00000000 0.00000000 I-X 0.00 0.~~49995~~50162% ~~990~~982.~~01796323~~43099980 0.~~41246221~~41067197 0.00000000 0.00000000 I-PO 2,863,810.00 0.00000% ~~994~~983.~~56928707~~93078451 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% ~~938~~903.~~44324022~~98195728 4.~~30119821~~14325065 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.~~19105~~17513% ~~946~~917.~~87406750~~14123390 1.~~72886963~~66241621 0.00000000 0.00000000 B-1 11,271,000.00 5.50000% ~~998~~997.~~53581936~~80402271 4.~~57662231~~57326857 0.00000000 0.00000000 B-2 5,551,000.00 5.50000% ~~998~~997.~~53581877~~80402270 4.~~57662223~~57326788 0.00000000 0.00000000 B-3 3,701,000.00 5.50000% ~~998~~997.~~53582005~~80402324 4.~~57662253~~57326939 0.00000000 0.00000000 B-4 3,029,000.00 6.~~64213~~64225% ~~998~~997.~~53582040~~80402443 5.~~52700231~~52305381 0.00000000 0.00000000 B-5 2,188,000.00 6.~~64213~~64225% ~~998~~997.~~53581810~~80402194 5.~~52700183~~52305302 0.00000000 0.00000000 B-6 2,018,533.00 6.~~64213~~64225% ~~998~~997.~~53574353~~80394970 5.~~52699906~~52305561 0.00000000 0.00000000 BX 0.00 8.50000% 998.~~76842938~~14503601 7.~~07461126~~07019333 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~~00228051 0.00000000 1.~~96665701~~57849566 0.00000000 ~~982~~968.~~86601799~~54870555 I-A2 0.~~00000000~~00776311 0.00000000 5.~~05711789~~37342831 0.00000000 ~~982~~968.~~86601799~~54870555 I-X 0.~~00000000~~00059243 0.00000000 0.~~41246221~~41007954 0.00000000 ~~982~~966.~~43099980~~44646884 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~983~~977.~~93078451~~83833425 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 6.80000000 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~~00597727 0.00000000 4.~~30119821~~13727338 0.00000000 ~~903~~857.~~98195728~~59911226 II-A2 0.~~00000000~~00661186 0.00000000 4.~~58333305~~57672119 0.00000000 1000.00000000 II-X 0.~~00000000~~00239828 0.00000000 1.~~72886963~~66001793 0.00000000 ~~917~~877.~~14123390~~14495550 B-1 0.~~00000000~~00659746 0.00000000 4.~~57662231~~56667110 0.00000000 997.~~80402271~~06706592 B-2 0.~~00000000~~00659701 0.00000000 4.~~57662223~~56667087 0.00000000 997.~~80402270~~06706539 B-3 0.~~00000000~~00659822 0.00000000 4.~~57662253~~56667117 0.00000000 997.~~80402324~~06706566 B-4 0.~~00000000~~00796633 0.00000000 5.~~52700231~~51508749 0.00000000 997.~~80402443~~06706504 B-5 0.~~00000000~~00796618 0.00000000 5.~~52700183~~51508684 0.00000000 997.~~80402194~~06706581 B-6 0.~~00000000~~00796618 0.00000000 5.~~52699906~~51508447 0.00000000 997.~~80394970~~06698875 BX 0.~~00000000~~01019970 0.00000000 7.~~07461126~~05999362 0.00000000 998.~~76842938~~14503601 XP 0.00000000 0.00000000 ~~330436~~357782.~~60000000~~30000000 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 912,~~429~~103,~~167~~814.9577 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 88110,~~702~~355.1361 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 912,~~517~~214,~~870~~170.0838 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7554,~~310~~539.4904 Payment of Interest and Principal 912,~~442~~159,~~559~~631.5934 Total Withdrawals (Pool Distribution Amount) 912,~~517~~214,~~870~~170.0838 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 628,~~727~~508.1997 Servicing Fee Support 625,~~727~~441.1949 Non-Supported Prepayment/Curtailment Interest Shortfall 03,067.0048

SERVICING FEES Gross Servicing Fee 7674,~~631~~694.0749 Master Servicing Fee 5,~~406~~286.6104 Supported Prepayment/Curtailment Interest Shortfall 625,~~727~~441.1949 Net Servicing Fee 7554,~~310~~539.4904

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 2127 0 0 0 2127 46,~~032~~300,~~306~~449.3818 0.00 0.00 0.00 46,~~032~~300,~~306~~449.3818 60 Days 136 0 0 0 136 4963,~~420,936~~413.9792 0.00 0.00 0.00 4963,~~420,936~~413.9792 90 Days 712 0 0 0 712 24,~~708~~851,~~771~~093.9158 0.00 0.00 0.00 24,~~708~~851,~~771~~093.9158 120 Days 06 0 0 0 06 01,885,133.0099 0.00 0.00 0.00 01,885,133.0099 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 4151 0 0 0 4151 1114,~~162~~000,~~015~~090.2667 0.00 0.00 0.00 1114,~~162~~000,~~015~~090.2667 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.~~500000~~972243% 0.000000% 0.000000% 0.000000% 1.~~500000~~972243% 12.~~270508~~049675% 0.000000% 0.000000% 0.000000% 12.~~270508~~049675% 60 Days 0.~~928571~~438276% 0.000000% 0.000000% 0.000000% 0.~~928571~~438276% 10.~~392958~~313420% 0.000000% 0.000000% 0.000000% 10.~~392958~~313420% 90 Days 0.~~500000~~876552% 0.000000% 0.000000% 0.000000% 0.~~500000~~876552% 01.~~853486~~578168% 0.000000% 0.000000% 0.000000% 01.~~853486~~578168% 120 Days 0.~~000000~~438276% 0.000000% 0.000000% 0.000000% 0.~~000000~~438276% 0.~~000000~~613276% 0.000000% 0.000000% 0.000000% 0.~~000000~~613276% 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.~~928571~~725347% 0.000000% 0.000000% 0.000000% 23.~~928571~~725347% 34.~~516952~~554538% 0.000000% 0.000000% 0.000000% 34.~~516952~~554538%

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 1113 0 0 0 1113 12,~~825~~534,~~554~~168.7696 0.00 0.00 0.00 12,~~825~~534,~~554~~168.7696 60 Days 32 0 0 0 32 ~~735~~442,~~846~~787.0593 0.00 0.00 0.00 ~~735~~442,~~846~~787.0593 90 Days 53 0 0 0 53 21,~~165~~234,~~792~~896.8334 0.00 0.00 0.00 21,~~165~~234,~~792~~896.8334 120 Days 04 0 0 0 04 01,342,154.0091 0.00 0.00 0.00 01,342,154.0091 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 1922 0 0 0 1922 45,~~727~~554,~~193~~008.6414 0.00 0.00 0.00 45,~~727~~554,~~193~~008.6414 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~544944~~849218% 0.000000% 0.000000% 0.000000% 1.~~544944~~849218% 12.~~447659~~036309% 0.000000% 0.000000% 0.000000% 12.~~447659~~036309% 60 Days 0.~~421348~~284495% 0.000000% 0.000000% 0.000000% 0.~~421348~~284495% 0.~~583523~~355798% 0.000000% 0.000000% 0.000000% 0.~~583523~~355798% 90 Days 0.~~702247~~426743% 0.000000% 0.000000% 0.000000% 0.~~702247~~426743% 10.~~717466~~992290% 0.000000% 0.000000% 0.000000% 10.~~717466~~992290% 120 Days 0.~~000000~~568990% 0.000000% 0.000000% 0.000000% 0.~~000000~~568990% 01.~~000000~~078476% 0.000000% 0.000000% 0.000000% 01.~~000000~~078476% 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.~~668539~~129445% 0.000000% 0.000000% 0.000000% 23.~~668539~~129445% 34.~~748648~~462873% 0.000000% 0.000000% 0.000000% 34.~~748648~~462873% 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 1014 0 0 0 1014 23,~~206~~766,~~751~~280.6222 0.00 0.00 0.00 23,~~206~~766,~~751~~280.6222 60 Days 104 0 0 0 104 3520,~~685,090~~625.9299 0.00 0.00 0.00 3520,~~685,090~~625.9299 90 Days 29 0 0 0 29 ~~542~~3,~~979~~616,197.0824 0.00 0.00 0.00 ~~542~~3,~~979~~616,197.0824 120 Days 02 0 0 0 02 0542,979.0008 0.00 0.00 0.00 0542,979.0008 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 2229 0 0 0 2229 68,~~434~~446,~~821~~082.6253 0.00 0.00 0.00 68,~~434~~446,~~821~~082.6253 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~453488~~102102% 0.000000% 0.000000% 0.000000% 12.~~453488~~102102% 12.~~153715~~058768% 0.000000% 0.000000% 0.000000% 12.~~153715~~058768% 60 Days 10.~~453488~~600601% 0.000000% 0.000000% 0.000000% 10.~~453488~~600601% 10.~~926607~~284591% 0.000000% 0.000000% 0.000000% 10.~~926607~~284591% 90 Days 01.~~290698~~351351% 0.000000% 0.000000% 0.000000% 01.~~290698~~351351% 01.~~283876~~976728% 0.000000% 0.000000% 0.000000% 01.~~283876~~976728% 120 Days 0.~~000000~~300300% 0.000000% 0.000000% 0.000000% 0.~~000000~~300300% 0.~~000000~~296810% 0.000000% 0.000000% 0.000000% 0.~~000000~~296810% 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 34.~~197674~~354354% 0.000000% 0.000000% 0.000000% 34.~~197674~~354354% 34.~~364198~~616896% 0.000000% 0.000000% 0.000000% 34.~~364198~~616896%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 88110,~~702~~355.1361

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 8.~~474492~~482990% Weighted Average Pass-Through Rate 8.~~171020~~180380% Weighted Average Maturity(Stepdown Calculation ) ~~322~~321 Beginning Scheduled Collateral Loan Count 1,~~422~~400 Number Of Loans Paid In Full 2231 Ending Scheduled Collateral Loan Count 1,~~400~~369 Beginning Scheduled Collateral Balance ~~324~~317,~~396~~162,~~339~~654.8564 Ending Scheduled Collateral Balance ~~317~~307,162,~~654~~048.6435 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~317~~307,~~377~~387,~~551~~722.3811 Monthly P &I Constant 2,~~495~~440,~~847~~483.0353 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 911,~~205~~935,~~314~~704.2427 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~317~~307,162,~~654~~048.6435 Scheduled Principal ~~237~~234,~~978~~188.7865 Unscheduled Principal 69,~~995~~766,~~706~~417.4364

Miscellaneous Reporting Three Month Delinquency Rolling Avg. 0.~~019148~~036455% Class XP Prepayment Penalty 3335,~~043~~778.6623 Senior Percentage Group 1 91.~~504933~~440862% Senior Prepayment Pct. Group 1 100.000000% Subordinate Percentage Group 1 8.~~495067~~559138% Subordinate Prepayment Pct. Group 1 0.000000% Senior Percentage Group 2 91.~~301081~~026253% Senior Prepayment Pct. Group 2 100.000000% Subordinate Percentage Group 2 8.~~698919~~973747% Subordinate Prepayment Pct. Group 2 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 9.~~186424~~216653 87.~~016069~~999240 8.~~474492~~482990 Weighted Average Net Rate 8.~~936423~~966654 7.~~711045~~695128 8.~~191020~~200380 Weighted Average Maturity ~~282~~281 ~~346~~345 ~~322~~321 Beginning Loan Count ~~716~~712 ~~706~~688 1,~~422~~400 Loans Paid In Full 49 18 22 31 Ending Loan Count ~~712~~703 ~~688~~666 1,~~400~~369 Beginning Scheduled Balance ~~127~~126,~~064~~027,~~707~~441.2518 ~~197~~191,~~331~~135,~~632~~213.6046 ~~324~~317,~~396~~162,~~339~~654.8564 Ending scheduled Balance ~~126~~124,~~027~~362,~~441~~189.1828 ~~191~~182,~~135~~799,~~213~~859.4607 ~~317~~307,162,~~654~~048.6435 Record Date 1011/3130/2002 1011/3130/2002 1011/3130/2002 Principal And Interest Constant 1,~~019~~012,~~856~~393.1545 1,~~475~~428,~~990~~090.8808 2,~~495~~440,~~847~~483.0353 Scheduled Principal 80,~~174~~212.6334 ~~157~~153,~~804~~976.1531 ~~237~~234,~~978~~188.7865 Unscheduled Principal ~~957~~1,~~091~~585,039.4456 68,~~038~~181,~~614~~378.9908 69,~~995~~766,~~706~~417.4364 Scheduled Interest ~~972~~967,~~725~~959.1834 1,~~318~~274,~~186~~113.7377 2,~~290~~242,~~911~~073.9111 Servicing Fees 26,~~471~~255.8567 5048,~~159~~438.2282 7674,~~631~~694.0749 Master Servicing Fees 2,~~117~~100.7545 3,~~288~~185.8659 5,~~406~~286.6104 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 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~944~~939,~~135~~603.5822 1,~~264~~222,~~738~~489.6536 2,~~208~~162,~~874~~092.2358 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 8.~~916423~~946654 7.~~691045~~675128 8.~~171020~~180380

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