8-K 1 bsl02002.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 25, 2003 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-16 90-0071998 Pooling and Servicing Agreement) (Commission 90-0072002 (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 25, 2003 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2002-2 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 2002-2 Trust, relating to the August 25, 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2002-2 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: 9/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the August 25, 2003 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/25/03 BSL Series: 2002-2 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 07386HAT8 SEN 1.~~53500~~60000% ~~229~~213,~~183~~958,~~012~~174.5842 ~~293~~294,~~163~~786.2782 1525,~~224~~981,~~838~~984.1629 M-1 07386HAU5 SUB 1.~~73500~~80000% 8,426,600.00 1213,~~183~~061.4623 0.00 M-2 07386HAV3 SUB 2.~~03500~~10000% 7,415,500.00 1213,~~575~~409.4570 0.00 M-3 07386HAW1 SUB 3.~~03500~~10000% 3,876,200.00 910,~~803~~347.5630 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~841~~745,~~739~~313.9897 0.00 XP 07386HAX9 SEN 0.00000% 100.00 0.00 0.00 R-I 07386HBA8 SUB 0.00000% 0.00 0.00 0.00 R-II 07386HBB6 SUB 0.00000% 0.00 0.00 0.00 Totals ~~250~~235,~~586~~361,~~743~~905.5842 1,~~169~~076,~~465~~919.7202 1525,~~224~~981,~~838~~984.1629

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~213~~187,~~958~~976,~~174~~190.4213 1526,~~518~~276,~~001~~771.4311 0.00 M-1 0.00 8,426,600.00 1213,~~183~~061.4623 0.00 M-2 0.00 7,415,500.00 1213,~~575~~409.4570 0.00 M-3 0.00 3,876,200.00 910,~~803~~347.5630 0.00 B-IO 0.00 1,685,331.00 ~~841~~745,~~739~~313.9897 0.00 XP 0.00 100.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~235~~209,~~361~~379,~~905~~921.4213 1627,~~394~~058,~~303~~903.8831 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 317,347,800.00 ~~229~~213,~~183~~958,~~012~~174.5842 0.00 1525,~~224~~981,~~838~~984.1629 0.00 0.00 M-1 8,426,600.00 8,426,600.00 0.00 0.00 0.00 0.00 M-2 7,415,500.00 7,415,500.00 0.00 0.00 0.00 0.00 M-3 3,876,200.00 3,876,200.00 0.00 0.00 0.00 0.00 B-IO 92.56 1,685,331.00 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 Totals 337,066,292.56 ~~250~~235,~~586~~361,~~743~~905.5842 0.00 1525,~~224~~981,~~838~~984.1629 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 1525,~~224~~981,~~838~~984.1629 ~~213~~187,~~958~~976,~~174~~190.4213 0.~~67420721~~59233494 1525,~~224~~981,~~838~~984.1629 M-1 0.00 8,426,600.00 1.00000000 0.00 M-2 0.00 7,415,500.00 1.00000000 0.00 M-3 0.00 3,876,200.00 1.00000000 0.00 B-IO 0.00 1,685,331.00 18,207.98401037 0.00 XP 0.00 100.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 1525,~~224~~981,~~838~~984.1629 ~~235~~209,~~361~~379,~~905~~921.4213 0.~~69826592~~62118321 1525,~~224~~981,~~838~~984.1629

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~722~~674.~~18245275~~20720868 0.00000000 4781.~~97524407~~87226850 0.00000000 M-1 8,426,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 7,415,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 3,876,200.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 92.56 18207984.01037170 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) Per $1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 4781.~~97524407~~87226850 ~~674~~592.~~20720868~~33494018 0.~~67420721~~59233494 4781.~~97524407~~87226850 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.0000000018,207,984.01037170 18207.98401037 0.00000000 XP 0.00000000 0.00000000 1,000.00000000 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 (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 317,347,800.00 1.~~53500~~60000% ~~229~~213,~~183~~958,~~012~~174.5842 ~~293~~294,~~163~~786.2782 0.00 0.00 M-1 8,426,600.00 1.~~73500~~80000% 8,426,600.00 1213,~~183~~061.4623 0.00 0.00 M-2 7,415,500.00 2.~~03500~~10000% 7,415,500.00 1213,~~575~~409.4570 0.00 0.00 M-3 3,876,200.00 3.~~03500~~10000% 3,876,200.00 910,~~803~~347.5630 0.00 0.00 B-IO 92.56 0.00000% 1,685,331.00 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 337,066,292.56 ~~327~~331,~~725~~605.7405 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 ~~293~~294,~~163~~786.2782 0.00 ~~213~~187,~~958~~976,~~174~~190.4213 M-1 0.00 0.00 1213,~~183~~061.4623 0.00 8,426,600.00 M-2 0.00 0.00 1213,~~575~~409.4570 0.00 7,415,500.00 M-3 0.00 0.00 910,~~803~~347.5630 0.00 3,876,200.00 B-IO 0.00 0.00 ~~841~~745,~~739~~313.9897 0.00 1,685,331.00 XP 0.00 0.00 0.00 0.00 100.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~169~~076,~~465~~919.7202 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 317,347,800.00 1.~~53500~~60000% ~~722~~674.~~18245275~~20720868 0.~~92379172~~92890772 0.00000000 0.00000000 M-1 8,426,600.00 1.~~73500~~80000% 1000.00000000 1.~~44583343~~55000000 0.00000000 0.00000000 M-2 7,415,500.00 2.~~03500~~10000% 1000.00000000 1.~~69583305~~80833390 0.00000000 0.00000000 M-3 3,876,200.00 3.~~03500~~10000% 1000.00000000 2.~~52916774~~66944430 0.00000000 0.00000000 B-IO 92.56 0.00000% 18207984.01037170 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 0.~~92379172~~92890772 0.00000000 ~~674~~592.~~20720868~~33494018 M-1 0.00000000 0.00000000 1.~~44583343~~55000000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~69583305~~80833390 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~52916774~~66944430 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~9093992~~8052225.~~86949006~~25929127 0.00000000 18207984.01037170 XP 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 1627,~~477~~143,~~148~~230.4115 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1511,~~433~~326.1991 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1627,~~492~~154,~~581~~557.6006 Withdrawals Reimbursement for Servicer Advances 1215,~~697~~433.2919 Payment of Service Fee 8580,~~580~~220.4357 Payment of Interest and Principal 1627,~~394~~058,~~303~~903.8830 Total Withdrawals (Pool Distribution Amount) 1627,~~492~~154,~~581~~557.6006 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 2539,~~407~~428.3303

SERVICING FEES Gross Servicing Fee 3634,~~335~~077.8926 Additional Servicing Fee 4946,~~244~~143.5431 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8580,~~580~~220.4357

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 10 0 10 0.00 ~~254,621~~0.9700 0.00 ~~254,621~~0.9700 30 Days 3 0 0 0 3 1591,~~545,114~~017.3625 0.00 0.00 0.00 1591,~~545,114~~017.3625 60 Days 1 0 0 0 1 ~~153~~645,~~782~~544.2750 0.00 0.00 0.00 ~~153~~645,~~782~~544.2750 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 40 0 0 0 40 ~~450,477~~0.0800 0.00 0.00 0.00 ~~450,477~~0.0800 180+ Days 04 0 0 0 04 0450,477.0008 0.00 0.00 0.00 0450,477.0008 Totals 8 0 10 0 98 21,~~149~~687,~~373~~038.7183 0.00 ~~254,621~~0.9700 0.00 21,~~403~~687,~~995~~038.6883 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.~~120048~~000000% 0.000000% 0.~~120048~~000000% 0.000000% 0.~~108089~~000000% 0.000000% 0.~~108089~~000000% 30 Days 0.~~360144~~396301% 0.000000% 0.000000% 0.000000% 0.~~360144~~396301% 0.~~655915~~282029% 0.000000% 0.000000% 0.000000% 0.~~655915~~282029% 60 Days 0.~~120048~~132100% 0.000000% 0.000000% 0.000000% 0.~~120048~~132100% 0.~~065282~~308049% 0.000000% 0.000000% 0.000000% 0.~~065282~~308049% 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.~~480192~~000000% 0.000000% 0.000000% 0.000000% 0.~~480192~~000000% 0.~~191232~~000000% 0.000000% 0.000000% 0.000000% 0.~~191232~~000000% 180+ Days 0.~~000000~~528402% 0.000000% 0.000000% 0.000000% 0.~~000000~~528402% 0.~~000000~~214965% 0.000000% 0.000000% 0.000000% 0.~~000000~~214965% Totals 01.~~960384~~056803% 0.000000% 0.~~120048~~000000% 0.000000% 1.~~080432~~056803% 0.~~912428~~805044% 0.000000% 0.~~108089~~000000% 0.000000% 10.~~020518~~805044%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1511,~~433~~326.1991

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~131788~~100740% Weighted Average Net Coupon 5.~~957784~~926996% Weighted Average Pass-Through Rate 5.~~721964~~691733% Weighted Average Maturity(Stepdown Calculation ) ~~345~~344 Beginning Scheduled Collateral Loan Count ~~879~~833 Number Of Loans Paid In Full 4676 Ending Scheduled Collateral Loan Count ~~833~~757 Beginning Scheduled Collateral Balance ~~250~~235,~~586~~361,~~643~~805.5842 Ending Scheduled Collateral Balance ~~235~~209,~~361~~379,~~805~~821.4213 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~235~~209,~~566~~558,~~287~~716.7997 Monthly P &I Constant 1,~~537~~441,~~940~~816.7095 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 ~~235~~209,~~361~~379,~~805~~821.4213 Scheduled Principal ~~257~~245,~~487~~249.2030 Unscheduled Principal 1425,~~967~~736,~~350~~734.9699 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,685,331.00 Overcollateralized Amount 1,685,331.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~841~~745,~~739~~313.9897

Group Level Collateral Statement Group Cap Loan Pool Non Cap Loan Pool Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~277395~~273285 5.~~932597~~867798 6.~~131788~~100740 Weighted Average Net Rate 6.~~151486~~148708 5.~~692798~~627676 5.~~957784~~926996 Weighted Average Maturity ~~346~~345 343 344 ~~345~~ Beginning Loan Count ~~476~~451 ~~403~~382 ~~879~~833 Loans Paid In Full 2547 2129 4676 Ending Loan Count ~~451~~404 ~~382~~353 ~~833~~757 Beginning Scheduled Balance ~~144~~135,~~765~~209,~~174~~457.9765 ~~105~~100,~~821~~152,~~468~~347.6177 ~~250~~235,~~586~~361,~~643~~805.5842 Ending scheduled Balance ~~135~~118,~~209~~264,~~457~~402.65 ~~100~~91,~~152~~115,~~347~~418.7748 ~~235~~209,~~361~~379,~~805~~821.4213 Record Date 0607/3031/2003 0607/3031/2003 0607/3031/2003 Principal And Interest Constant ~~907~~849,~~837~~356.9767 ~~630~~592,~~102~~460.7328 1,~~537~~441,~~940~~816.7095 Scheduled Principal ~~150~~142,~~547~~517.8716 ~~106~~102,~~939~~732.3314 ~~257~~245,~~487~~249.2030 Unscheduled Principal 916,~~405~~802,~~169~~537.4584 58,~~562~~934,~~181~~197.5115 1425,~~967~~736,~~350~~734.9699 Scheduled Interest ~~757~~706,~~290~~839.1051 ~~523~~489,~~163~~728.4014 1,~~280~~196,~~453~~567.5065 Servicing Fees 1514,~~189~~036.3763 2120,~~146~~040.5263 3634,~~335~~077.8926 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 3331,~~835~~724.7113 1514,~~408~~419.8318 4946,~~244~~143.5431 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 ~~708~~661,~~265~~078.0275 ~~486~~455,~~608~~268.0533 1,~~194~~116,~~873~~347.0708 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 5.~~871011~~867152 5.~~518064~~454909 5.~~721964~~691733

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PASS THR CERT SER 2002-2