8-K 1 sam02ar4_aug.txt AUGUST 8-K 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): August 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-14 80-0066646 Pooling and Servicing Agreement) (Commission 80-0066647 (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 August 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR4 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-AR4 Trust, relating to the August 19, 2003 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR4 Trust By: Wells Fargo Bank Minnesota, N.A as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR4 Trust, relating to the August 19, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/2119/03 SAM Series: 2002-AR4 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-1 86358HQR3 SEN 1.~~51250~~52000% ~~444~~439,~~565~~290,~~180~~066.0495 ~~560~~556,~~337~~434.3608 5,~~275~~246,113.0914 A-2 86358HQT9 SEN 1.~~64250~~65000% 22,249,999.93 30,~~454~~593.6975 0.00 R-I 86358HQU6 RES 3.~~46630~~46624% 0.00 0.00 0.00 R-II 86358HQV4 RES 3.~~46630~~46624% 0.00 0.00 0.00 X 86358HQS1 SEN 1.~~47982~~44229% 0.00 ~~593~~572,~~857~~458.4842 0.00 B-1 86358HQW2 SUB 1.~~94250~~95000% 6,999,999.98 11,~~331~~375.2500 0.00 B-2 86358HQX0 SUB 2.~~09250~~10000% 4,749,999.99 8,~~282~~312.8150 0.00 B-3 86358HQY8 SUB 2.~~09250~~10000% 2,999,999.99 5,~~231~~250.2500 0.00 B-4 86358HQZ5 SUB 32.~~01391~~98412% 1,749,999.99 4,~~395~~351.2885 0.00 B-5 86358HRB7 SUB 32.~~01391~~98412% 1,000,000.00 2,~~511~~486.5977 0.00 B-6 86358HRD3 SUB 32.~~01391~~98412% 2,749,999.99 6,~~906~~838.8862 0.00 Totals ~~487~~481,~~065~~790,~~179~~066.9182 1,~~223~~198,~~308~~100.5999 5,~~275~~246,113.0914

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~439~~434,~~290~~043,~~066~~953.9581 5,~~835~~802,~~450~~547.4522 0.00 A-2 0.00 22,249,999.93 30,~~454~~593.6975 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~593~~572,~~857~~458.4842 0.00 B-1 0.00 6,999,999.98 11,~~331~~375.2500 0.00 B-2 0.00 4,749,999.99 8,~~282~~312.8150 0.00 B-3 0.00 2,999,999.99 5,~~231~~250.2500 0.00 B-4 0.00 1,749,999.99 4,~~395~~351.2885 0.00 B-5 0.00 1,000,000.00 2,~~511~~486.5977 0.00 B-6 0.00 2,749,999.99 6,~~906~~838.8862 0.00 Totals 0.00 ~~481~~476,~~790~~543,~~066~~953.8268 6,~~498~~444,~~421~~214.6813 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-1 457,500,000.00 ~~444~~439,~~565~~290,~~180~~066.0495 0.00 5,~~275~~246,113.0914 0.00 0.00 A-2 22,250,000.00 22,249,999.93 0.00 0.00 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 X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,000,000.00 6,999,999.98 0.00 0.00 0.00 0.00 B-2 4,750,000.00 4,749,999.99 0.00 0.00 0.00 0.00 B-3 3,000,000.00 2,999,999.99 0.00 0.00 0.00 0.00 B-4 1,750,000.00 1,749,999.99 0.00 0.00 0.00 0.00 B-5 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00 B-6 2,750,000.00 2,749,999.99 0.00 0.00 0.00 0.00 Totals 500,000,100.00 ~~487~~481,~~065~~790,~~179~~066.9182 0.00 5,~~275~~246,113.0914 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-1 5,~~275~~246,113.0914 ~~439~~434,~~290~~043,~~066~~953.9581 0.~~96019687~~94872995 5,~~275~~246,113.0914 A-2 0.00 22,249,999.93 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 B-1 0.00 6,999,999.98 1.00000000 0.00 B-2 0.00 4,749,999.99 1.00000000 0.00 B-3 0.00 2,999,999.99 1.00000000 0.00 B-4 0.00 1,749,999.99 0.99999999 0.00 B-5 0.00 1,000,000.00 1.00000000 0.00 B-6 0.00 2,749,999.99 1.00000000 0.00 Totals 5,~~275~~246,113.0914 ~~481~~476,~~790~~543,~~066~~953.8268 0.~~96357994~~95308772 5,~~275~~246,113.0914

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 457,500,000.00 ~~971~~960.~~72716949~~19686765 0.00000000 11.~~53030184~~46691397 0.00000000 A-2 22,250,000.00 999.99999685 0.00000000 0.00000000 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 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,000,000.00 999.99999714 0.00000000 0.00000000 0.00000000 B-2 4,750,000.00 999.99999789 0.00000000 0.00000000 0.00000000 B-3 3,000,000.00 999.99999667 0.00000000 0.00000000 0.00000000 B-4 1,750,000.00 999.99999429 0.00000000 0.00000000 0.00000000 B-5 1,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,750,000.00 999.99999636 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-1 0.00000000 11.~~53030184~~46691397 ~~960~~948.~~19686765~~72995368 0.~~96019687~~94872995 11.~~53030184~~46691397 A-2 0.00000000 0.00000000 999.99999685 1.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 999.99999714 1.00000000 0.00000000 B-2 0.00000000 0.00000000 999.99999789 1.00000000 0.00000000 B-3 0.00000000 0.00000000 999.99999667 1.00000000 0.00000000 B-4 0.00000000 0.00000000 999.99999429 0.99999999 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 999.99999636 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 A-1 457,500,000.00 1.~~51250~~52000% ~~444~~439,~~565~~290,~~180~~066.0495 ~~560~~556,~~337~~434.3608 0.00 0.00 A-2 22,250,000.00 1.~~64250~~65000% 22,249,999.93 30,~~454~~593.6975 0.00 0.00 R-I 50.00 3.~~46630~~46624% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~46630~~46624% 0.00 0.00 0.00 0.00 X 0.00 1.~~47982~~44229% ~~481~~476,~~565~~290,~~179~~066.9384 ~~593~~572,~~857~~458.4842 0.00 0.00 B-1 7,000,000.00 1.~~94250~~95000% 6,999,999.98 11,~~331~~375.2500 0.00 0.00 B-2 4,750,000.00 2.~~09250~~10000% 4,749,999.99 8,~~282~~312.8150 0.00 0.00 B-3 3,000,000.00 2.~~09250~~10000% 2,999,999.99 5,~~231~~250.2500 0.00 0.00 B-4 1,750,000.00 32.~~01391~~98412% 1,749,999.99 4,~~395~~351.2885 0.00 0.00 B-5 1,000,000.00 32.~~01391~~98412% 1,000,000.00 2,~~511~~486.5977 0.00 0.00 B-6 2,750,000.00 32.~~01391~~98412% 2,749,999.99 6,~~906~~838.8862 0.00 0.00 Totals 500,000,100.00 1,~~223~~198,~~308~~100.5999 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-1 0.00 0.00 ~~560~~556,~~337~~434.3608 0.00 ~~439~~434,~~290~~043,~~066~~953.9581 A-2 0.00 0.00 30,~~454~~593.6975 0.00 22,249,999.93 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~593~~572,~~857~~458.4842 0.00 ~~476~~471,~~290~~043,~~066~~953.8470 B-1 0.00 0.00 11,~~331~~375.2500 0.00 6,999,999.98 B-2 0.00 0.00 8,~~282~~312.8150 0.00 4,749,999.99 B-3 0.00 0.00 5,~~231~~250.2500 0.00 2,999,999.99 B-4 0.00 0.00 4,~~395~~351.2885 0.00 1,749,999.99 B-5 0.00 0.00 2,~~511~~486.5977 0.00 1,000,000.00 B-6 0.00 0.00 6,~~906~~838.8862 0.00 2,749,999.99 Totals 0.00 0.00 1,~~223~~198,~~308~~100.5999 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-1 457,500,000.00 1.~~51250~~52000% ~~971~~960.~~72716949~~19686765 1.~~22478111~~21624936 0.00000000 0.00000000 A-2 22,250,000.00 1.~~64250~~65000% 999.99999685 1.~~36875011~~37500000 0.00000000 0.00000000 R-I 50.00 3.~~46630~~46624% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~46630~~46624% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 1.~~47982~~44229% ~~973~~963.~~84262878~~17505933 1.~~20092514~~15765100 0.00000000 0.00000000 B-1 7,000,000.00 1.~~94250~~95000% 999.99999714 1.~~61875000~~62500000 0.00000000 0.00000000 B-2 4,750,000.00 2.~~09250~~10000% 999.99999789 1.~~74374947~~75000000 0.00000000 0.00000000 B-3 3,000,000.00 2.~~09250~~10000% 999.99999667 1.~~74375000~~75000000 0.00000000 0.00000000 B-4 1,750,000.00 32.~~01391~~98412% 999.99999429 2.~~51158857~~48677143 0.00000000 0.00000000 B-5 1,000,000.00 32.~~01391~~98412% 1000.00000000 2.~~51159000~~48677000 0.00000000 0.00000000 B-6 2,750,000.00 32.~~01391~~98412% 999.99999636 2.~~51159273~~48677091 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-1 0.00000000 0.00000000 1.~~22478111~~21624936 0.00000000 ~~960~~948.~~19686765~~72995368 A-2 0.00000000 0.00000000 1.~~36875011~~37500000 0.00000000 999.99999685 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 1.~~20092514~~15765100 0.00000000 ~~963~~952.~~17505933~~56613488 B-1 0.00000000 0.00000000 1.~~61875000~~62500000 0.00000000 999.99999714 B-2 0.00000000 0.00000000 1.~~74374947~~75000000 0.00000000 999.99999789 B-3 0.00000000 0.00000000 1.~~74375000~~75000000 0.00000000 999.99999667 B-4 0.00000000 0.00000000 2.~~51158857~~48677143 0.00000000 999.99999429 B-5 0.00000000 0.00000000 2.~~51159000~~48677000 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~51159273~~48677091 0.00000000 999.99999636 (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 6,~~650~~594,~~315~~279.9515 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1511,~~301~~303.7450 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 6,~~665~~605,~~617~~582.6965 Withdrawals Reimbursement for Servicer Advances 1915,~~064~~301.5574 Payment of Service Fee ~~148~~146,~~131~~066.4678 Payment of Interest and Principal 6,~~498~~444,~~421~~214.6813 Total Withdrawals (Pool Distribution Amount) 6,~~665~~605,~~617~~582.6965 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 4,~~076~~492.4065 Servicing Fee Support 4,~~076~~492.4065 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 20,~~294~~074.3760 Additional Servicing Fee ~~131~~130,~~913~~484.4983 Supported Prepayment/Curtailment Interest Shortfall 4,~~076~~492.4065 Net Servicing Fee ~~148~~146,~~131~~066.4678

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 01 0 0 01 0429,236.0015 0.00 0.00 0429,236.0015 30 Days 2013 0 0 0 2013 42,~~417~~569,~~381~~906.6104 0.00 0.00 0.00 42,~~417~~569,~~381~~906.6104 60 Days 12 0 0 0 12 ~~400~~221,~~000~~856.00 0.00 0.00 0.00 ~~400~~221,~~000~~856.00 90 Days 01 0 0 0 01 0400,000.00 0.00 0.00 0.00 0400,000.00 120 Days 10 0 0 0 10 ~~562,500~~0.00 0.00 0.00 0.00 ~~562,500~~0.00 150 Days 0 0 01 0 01 0.00 0.00 0562,500.00 0.00 0562,500.00 180+ Days 01 0 0 0 01 0249,973.0096 0.00 0.00 0.00 0249,973.0096 Totals 2217 01 01 0 2219 53,~~379~~441,~~881~~736.6100 0429,236.0015 0562,500.00 0.00 54,~~379~~433,~~881~~472.6115 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~~059595% 0.000000% 0.000000% 0.~~000000~~059595% 0.~~000000~~090075% 0.000000% 0.000000% 0.~~000000~~090075% 30 Days 10.~~182732~~774732% 0.000000% 0.000000% 0.000000% 10.~~182732~~774732% 0.~~916888~~539292% 0.000000% 0.000000% 0.000000% 0.~~916888~~539292% 60 Days 0.~~059137~~119190% 0.000000% 0.000000% 0.000000% 0.~~059137~~119190% 0.~~083026~~046556% 0.000000% 0.000000% 0.000000% 0.~~083026~~046556% 90 Days 0.~~000000~~059595% 0.000000% 0.000000% 0.000000% 0.~~000000~~059595% 0.~~000000~~083940% 0.000000% 0.000000% 0.000000% 0.~~000000~~083940% 120 Days 0.~~059137~~000000% 0.000000% 0.000000% 0.000000% 0.~~059137~~000000% 0.~~116755~~000000% 0.000000% 0.000000% 0.000000% 0.~~116755~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~059595% 0.000000% 0.~~000000~~059595% 0.000000% 0.000000% 0.~~000000~~118040% 0.000000% 0.~~000000~~118040% 180+ Days 0.~~000000~~059595% 0.000000% 0.000000% 0.000000% 0.~~000000~~059595% 0.~~000000~~052457% 0.000000% 0.000000% 0.000000% 0.~~000000~~052457% Totals 1.~~301005~~013111% 0.~~000000~~059595% 0.~~000000~~059595% 0.000000% 1.~~301005~~132300% 10.~~116669~~722244% 0.~~000000~~090075% 0.~~000000~~118040% 0.000000% 10.~~116669~~930359%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1511,~~301~~303.7450

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~388909~~359124% Weighted Average Net Coupon 3.~~338909~~309124% Weighted Average Pass-Through Rate 32.~~013909~~984124% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 1,~~706~~691 Number Of Loans Paid In Full 1513 Ending Scheduled Collateral Loan Count 1,~~691~~678 Beginning Scheduled Collateral Balance ~~487~~481,~~065~~790,~~179~~066.9182 Ending Scheduled Collateral Balance ~~481~~476,~~790~~543,~~066~~953.8268 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~481~~476,~~779~~533,~~617~~504.4329 Monthly P &I Constant 1,~~375~~348,~~516~~660.4638 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 ~~481~~476,~~790~~543,~~066~~953.8268 Scheduled Principal 0.00 Unscheduled Principal 5,~~275~~246,113.0914

Miscellaneous Reporting Average Loss Severity for Prior Month 0.00 Senior Percentage 91.~~274268~~178731% Senior Prepayment Percentage 100.000000% Subordinate Percentage 8.~~725732~~821269% Subordinate Prepayment Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PASS THR CRT SR 2002-AR4