8-K 1 abf02wf2.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 ASSET BACKED FUNDING CORPORATION ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-32857-01 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 December 26, 2002 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 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 ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 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. ASSET BACKED FUNDING CORPORATION ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/31/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of ABFC Mortgage Loan Asset Backed Certificates, Series 2002-WF2 Trust, relating to the December 26, 2002 distribution. EX-99.1

Asset Backed Funding Corporation Mortgage Pass-Through Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 ABFC Series: 2002-WF2 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 A1 04542BBS0 SEN 2.70500% 2624,~~268~~010,~~894~~687.6284 5954,~~214~~124.4709 2,~~258~~998,~~206~~177.7876 A2 04542BBT8 SEN 2.85800% 189,463,000.00 451,237.7071 0.00 AIO 04542BBU5 SEN 6.00000% 0.00 130,080.00 0.00 M1 04542BBV3 SUB 2.~~55000~~10000% 14,309,000.00 3125,~~420~~875.1844 0.00 M2 04542BBW1 SUB 32.~~23000~~78000% 13,008,000.00 3631,~~180~~139.3171 0.00 M3 04542BBX9 SUB 3.~~68000~~23000% 7,805,000.00 2421,~~733~~708.1874 0.00 M4 04542BBY7 SUB 3.~~98000~~53000% 3,252,000.00 119,~~145~~885.3318 0.00 B 04542BBZ4 SUB 65.~~33000~~88000% 1,951,000.00 109,~~634~~878.5856 0.00 CE ABF02W2CE SUB 0.00000% 1,300,806.87 1,~~047~~051,~~864~~906.8960 0.00 R1 ABF02W2R1 SUB 0.00000% 0.00 0.00 0.00 R2 ABF02W2R2 SUB 0.00000% 0.00 0.00 0.00 R3 ABF02W2R3 SUB 0.00000% 0.00 0.00 0.00 R4 ABF02W2R4 SUB 0.00000% 0.00 0.00 0.00 R5 ABF02W2R5 SUB 0.00000% 0.00 0.00 0.00 P ABF02WF2P SUB 0.00000% 0.00 5356,~~941~~325.3596 0.00 Totals ~~257~~255,~~357~~099,~~701~~494.4971 1,~~856~~842,~~451~~161.99 2,~~258~~998,~~206~~177.7876

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 2421,~~010~~012,~~687~~510.8408 23,~~317~~052,~~421~~301.2585 0.00 A2 0.00 189,463,000.00 451,237.7071 0.00 AIO 0.00 0.00 130,080.00 0.00 M1 0.00 14,309,000.00 3125,~~420~~875.1844 0.00 M2 0.00 13,008,000.00 3631,~~180~~139.3171 0.00 M3 0.00 7,805,000.00 2421,~~733~~708.1874 0.00 M4 0.00 3,252,000.00 119,~~145~~885.3318 0.00 B 0.00 1,951,000.00 109,~~634~~878.5856 0.00 CE 0.00 1,300,806.87 1,~~047~~051,~~864~~906.8960 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 R4 0.00 0.00 0.00 0.00 R5 0.00 0.00 0.00 0.00 P 0.00 0.0001 5356,~~941~~325.3596 0.00 Totals 0.00 ~~255~~252,~~099~~101,~~494~~316.7196 4,~~114~~840,~~658~~339.7775 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 29,072,000.00 2624,~~268~~010,~~894~~687.6284 0.00 2,~~258~~998,~~206~~177.7876 0.00 0.00 A2 189,463,000.00 189,463,000.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 14,309,000.00 14,309,000.00 0.00 0.00 0.00 0.00 M2 13,008,000.00 13,008,000.00 0.00 0.00 0.00 0.00 M3 7,805,000.00 7,805,000.00 0.00 0.00 0.00 0.00 M4 3,252,000.00 3,252,000.00 0.00 0.00 0.00 0.00 B 1,951,000.00 1,951,000.00 0.00 0.00 0.00 0.00 CE 1,301,376.21 1,300,806.87 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 R4 0.00 0.00 0.00 0.00 0.00 0.00 R5 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 260,161,376.21 ~~257~~255,~~357~~099,~~701~~494.4971 0.00 2,~~258~~998,~~206~~177.7876 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 2,~~258~~998,~~206~~177.7876 2421,~~010~~012,~~687~~510.8408 0.~~82590423~~72277484 2,~~258~~998,~~206~~177.7876 A2 0.00 189,463,000.00 1.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 14,309,000.00 1.00000000 0.00 M2 0.00 13,008,000.00 1.00000000 0.00 M3 0.00 7,805,000.00 1.00000000 0.00 M4 0.00 3,252,000.00 1.00000000 0.00 B 0.00 1,951,000.00 1.00000000 0.00 CE 0.00 1,300,806.87 0.99956251 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 R4 0.00 0.00 0.00000000 0.00 R5 0.00 0.00 0.00000000 0.00 P 0.00 0.0001 0.00000000 0.00 Totals 2,~~258~~998,~~206~~177.7876 ~~255~~252,~~099~~101,~~494~~316.7196 0.~~98054330~~96901900 2,~~258~~998,~~206~~177.7876

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 29,072,000.00 ~~903~~825.~~58057994~~90423225 0.00000000 77103.~~67634769~~12939461 0.00000000 A2 189,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 14,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 13,008,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,805,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 3,252,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 1,951,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 1,301,376.21 999.56250929 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 R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1000.00 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 77103.~~67634769~~12939461 ~~825~~722.~~90423225~~77483764 0.~~82590423~~72277484 77103.~~67634769~~12939461 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AIO 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 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.56250929 0.99956251 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 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 29,072,000.00 2.70500% 2624,~~268~~010,~~894~~687.6284 5954,~~214~~124.4709 0.00 0.00 A2 189,463,000.00 2.85800% 189,463,000.00 451,237.71 0.00 0.00 AIO 0.00 6.00000% 26,016,000.00 130,080.00 0.00 0.00 M1 14,309,000.00 2.~~55000~~10000% 14,309,000.00 3125,~~420~~875.1844 0.00 0.00 M2 13,008,000.00 32.~~23000~~78000% 13,008,000.00 3631,~~180~~139.3171 0.00 0.00 M3 7,805,000.00 3.~~68000~~23000% 7,805,000.00 2421,~~733~~708.1874 0.00 0.00 M4 3,252,000.00 3.~~98000~~53000% 3,252,000.00 119,~~145~~885.3318 0.00 0.00 B 1,951,000.00 65.~~33000~~88000% 1,951,000.00 109,~~634~~878.5856 0.00 0.00 CE 1,301,376.21 0.00000% 1,300,806.87 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 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 R5 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 260,161,376.21 ~~754~~733,~~645~~929.7643 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 5954,~~214~~124.4709 0.00 2421,~~010~~012,~~687~~510.8408 A2 0.0100 0.00 451,237.7071 0.00 189,463,000.00 AIO 0.00 0.00 130,080.00 0.00 26,016,000.00 M1 0.00 0.00 3125,~~420~~875.1844 0.00 14,309,000.00 M2 0.00 0.00 3631,~~180~~139.3171 0.00 13,008,000.00 M3 0.00 0.00 2421,~~733~~708.1874 0.00 7,805,000.00 M4 0.00 0.00 119,~~145~~885.3318 0.00 3,252,000.00 B 0.00 0.00 109,~~634~~878.5856 0.00 1,951,000.00 CE 0.00 0.00 1,~~047~~051,~~864~~906.8960 0.00 1,300,806.87 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 R4 0.00 0.00 0.00 0.00 0.00 R5 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 5356,~~941~~325.3596 0.00 0.0001 Totals 0.0100 0.00 1,~~856~~842,~~451~~161.99 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 29,072,000.00 2.70500% ~~903~~825.~~58057994~~90423225 21.~~03682134~~86172572 0.00000000 0.00000000 A2 189,463,000.00 2.85800% 1000.00000000 2.38166666 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 14,309,000.00 2.~~55000~~10000% 1000.00000000 21.~~19583339~~80833322 0.00000000 0.00000000 M2 13,008,000.00 32.~~23000~~78000% 1000.00000000 2.~~78138915~~39388915 0.00000000 0.00000000 M3 7,805,000.00 3.~~68000~~23000% 1000.00000000 32.~~16888917~~78138885 0.00000000 0.00000000 M4 3,252,000.00 3.~~98000~~53000% 1000.00000000 3.~~42722325~~03972325 0.00000000 0.00000000 B 1,951,000.00 65.~~33000~~88000% 1000.00000000 5.~~45083547~~06333162 0.00000000 0.00000000 CE 1,301,376.21 0.00000% 999.56250929 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 R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1000.00 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 21.~~03682134~~86172572 0.00000000 ~~825~~722.~~90423225~~77483764 A2 0.~~00000005~~00000000 0.00000000 2.~~38166661~~38166666 0.00000000 1000.00000000 AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 21.~~19583339~~80833322 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~78138915~~39388915 0.00000000 1000.00000000 M3 0.00000000 0.00000000 32.~~16888917~~78138885 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~42722325~~03972325 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.~~45083547~~06333162 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~805~~808.~~19751471~~30323462 0.00000000 999.56250929 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 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 4,~~219~~922,~~839~~516.5292 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 830,~~485~~491.5987 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 4,~~228~~953,~~325~~008.1179 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~113~~112,~~666~~669.3404 Payment of Interest and Principal 4,~~114~~840,~~658~~339.7775 Total Withdrawals (Pool Distribution Amount) 4,~~228~~953,~~325~~008.1179 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~107~~106,~~232~~291.3860 Certificate Admin Fee 2,~~680~~657.8222 Credit Risk Management Fee 3,~~753~~720.1422 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~113~~112,~~666~~669.3404

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 1121 0 0 0 1121 ~~743~~2,~~175~~576,474.9043 0.00 0.00 0.00 ~~743~~2,~~175~~576,474.9043 60 Days 011 0 0 0 011 0928,631.0001 0.00 0.00 0.00 0928,631.0001 90 Days 10 20 0 0 30 ~~70,875~~0.00 ~~121,556~~0.7300 0.00 0.00 ~~192,431~~0.7300 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 1232 20 0 0 1432 ~~814~~3,~~050~~505,105.9044 ~~121,556~~0.7300 0.00 0.00 ~~935~~3,~~607~~505,105.6344 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 01.~~548628~~059536% 0.000000% 0.000000% 0.000000% 01.~~548628~~059536% 01.~~291165~~021396% 0.000000% 0.000000% 0.000000% 01.~~291165~~021396% 60 Days 0.~~000000~~554995% 0.000000% 0.000000% 0.000000% 0.~~000000~~554995% 0.~~000000~~368139% 0.000000% 0.000000% 0.000000% 0.~~000000~~368139% 90 Days 0.~~049875~~000000% 0.~~099751~~000000% 0.000000% 0.000000% 0.~~149626~~000000% 0.~~027768~~000000% 0.~~047624~~000000% 0.000000% 0.000000% 0.~~075392~~000000% 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 01.~~598504~~614531% 0.~~099751~~000000% 0.000000% 0.000000% 01.~~698254~~614531% 01.~~318932~~389535% 0.~~047624~~000000% 0.000000% 0.000000% 01.~~366556~~389535% (7) All Forclosures, Bankruptcies and REO's are reported as 90 Day.

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 ARM Loans 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 1116 0 0 0 1116 ~~743~~2,~~175~~201,562.9057 0.00 0.00 0.00 ~~743~~2,~~175~~201,562.9057 60 Days 011 0 0 0 011 0928,631.0001 0.00 0.00 0.00 0928,631.0001 90 Days 10 20 0 0 30 ~~70,875~~0.00 ~~121,556~~0.7300 0.00 0.00 ~~192,431~~0.7300 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 1227 20 0 0 1427 ~~814~~3,~~050~~130,193.9058 ~~121,556~~0.7300 0.00 0.00 ~~935~~3,~~607~~130,193.6358 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~727995~~070950% 0.000000% 0.000000% 0.000000% 01.~~727995~~070950% 01.~~382923~~147335% 0.000000% 0.000000% 0.000000% 01.~~382923~~147335% 60 Days 0.~~000000~~736278% 0.000000% 0.000000% 0.000000% 0.~~000000~~736278% 0.~~000000~~483952% 0.000000% 0.000000% 0.000000% 0.~~000000~~483952% 90 Days 0.~~066181~~000000% 0.~~132363~~000000% 0.000000% 0.000000% 0.~~198544~~000000% 0.~~036519~~000000% 0.~~062632~~000000% 0.000000% 0.000000% 0.~~099151~~000000% 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 01.~~794176~~807229% 0.~~132363~~000000% 0.000000% 0.000000% 01.~~926539~~807229% 01.~~419442~~631287% 0.~~062632~~000000% 0.000000% 0.000000% 01.~~482074~~631287% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 Fixed Loan 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 05 0 0 0 05 0374,911.0086 0.00 0.00 0.00 0374,911.0086 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 05 0 0 0 05 0374,911.0086 0.00 0.00 0.00 0374,911.0086 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~024590% 0.000000% 0.000000% 0.000000% 01.~~000000~~024590% 0.~~000000~~621071% 0.000000% 0.000000% 0.000000% 0.~~000000~~621071% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 01.~~000000~~024590% 0.000000% 0.000000% 0.000000% 01.~~000000~~024590% 0.~~000000~~621071% 0.000000% 0.000000% 0.000000% 0.~~000000~~621071%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 830,~~485~~491.5987

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~934694~~930657% Weighted Average Net Coupon 8.~~434694~~430657% Weighted Average Pass-Through Rate 8.~~404694~~400657% Weighted Average Maturity(Stepdown Calculation ) ~~336~~335 Beginning Scheduled Collateral Loan Count 2,~~021~~005 Number Of Loans Paid In Full 1623 Ending Scheduled Collateral Loan Count 21,~~005~~982 Beginning Scheduled Collateral Balance ~~257~~255,~~357~~099,~~701~~494.5072 Ending Scheduled Collateral Balance ~~255~~252,~~099~~101,~~494~~316.7296 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~255~~252,~~242~~250,~~478~~253.7989 Monthly P &I Constant 2,~~085~~067,~~764~~780.6728 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~255~~252,~~099~~101,~~494~~316.7296 Scheduled Principal 169,~~587~~275.7230 Unscheduled Principal 2,~~088~~828,~~619~~902.0646 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,300,806.88 Overcollateralized Amount 1,300,806.88 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,~~047~~051,~~864~~906.8960

Group Level Collateral Statement Group Group 1 ARM Loans Group 2 Fixed Loan Total Collateral Description 6 Month LIBOR ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 9.~~181619~~180076 8.~~147625~~139012 8.~~934694~~930657 Weighted Average Net Rate 8.~~681619~~680076 7.~~647625~~639012 8.~~434694~~430657 Weighted Average Maturity ~~336~~335 ~~336~~335 ~~336~~335 Beginning Loan Count 1,~~524~~511 ~~497~~494 2,~~021~~005 Loans Paid In Full 1317 36 1623 Ending Loan Count 1,~~511~~ 494 2488 1,~~005~~982 Beginning Scheduled Balance ~~195~~193,~~898~~982,~~937~~464.2033 61,~~458~~117,~~764~~030.3039 ~~257~~255,~~357~~099,~~701~~494.5072 Ending scheduled Balance ~~193~~191,~~982~~782,~~464~~052.3394 6160,~~117~~319,~~030~~264.3902 ~~255~~252,~~099~~101,~~494~~316.7296 Record Date 1011/3130/2002 1011/3130/2002 1011/3130/2002 Principal And Interest Constant 1,~~609~~594,~~129~~160.4259 ~~476~~473,~~635~~619.2569 2,~~085~~067,~~764~~780.6728 Scheduled Principal 110,~~238~~182.2847 59,~~349~~092.4483 169,~~587~~275.7230 Unscheduled Principal 12,~~806~~090,~~234~~228.5992 ~~282~~738,~~384~~673.4754 2,~~088~~828,~~619~~902.0646 Scheduled Interest 1,~~498~~483,~~891~~978.1412 ~~417~~414,~~285~~526.8186 1,~~916~~898,~~176~~504.9598 Servicing Fees 8180,~~624~~826.5702 25,~~607~~465.8144 ~~107~~106,~~232~~291.3846 Master Servicing Fees 0.00 0.00 0.00 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 4,~~897~~849.5056 1,~~536~~527.4693 6,~~433~~377.9649 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,~~412~~398,~~369~~302.0754 ~~390~~387,~~141~~533.5449 1,~~802~~785,~~510~~836.6103 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.~~651619~~650076 7.~~617625~~609012 8.~~404694~~400657

Filing Compare · ABFC MORTGAGE LOAN ASSET BACKED CERTIFICATES SERIES 2002 WF2