8-K 1 sam02ar2.txt SEPTEMBER 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): September 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-05 90-0073004 Pooling and Servicing Agreement) (Commission 90-0073048 (State or other File Number) 90-0073071 jurisdiction IRS EIN 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 September 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR2 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-AR2 Trust, relating to the September 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-AR2 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: 9/22/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR2 Trust, relating to the September 19, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 79/312/03 Distribution Date: 89/19/03 SAM Series: 2002-~~AR4~~AR2 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~~86358HNH8 SEN 1.~~52000~~46000% ~~439~~208,~~290~~321,~~066~~162.9555 ~~556~~253,~~434~~457.0841 53,~~246~~531,~~113~~771.1452 A-2 ~~86358HQT9~~86358HNK1 SEN 12.~~65000~~97681% 2238,~~249~~625,~~999~~258.9318 3095,~~593~~816.7562 0971,884.0021 R-I ~~86358HQU6~~86358HNL9 RES 3.~~46624~~59884% 0.00 0.00 0.00 R-II ~~86358HQV4~~86358HNM7 RES 3.~~46624~~59884% 0.00 0.00 0.00 XR-III ~~86358HQS1~~86358HNS4 ~~SEN~~RES 13.~~44229~~59884% 0.00 ~~572~~0.00 0.00 R-IV 86358HNT2 RES 3.59884% 0.00 0.00 0.00 A-3 86358HNR6 SEN 1.61000% 9,~~458~~929,755.38 13,322.42 0.00 B-1 ~~86358HQW2~~86358HNN5 SUB 1.~~95000~~81000% 64,~~999~~124,~~999~~781.9846 116,~~375~~221.0055 0.00 B-2 ~~86358HQX0~~86358HNP0 SUB 2.~~10000~~11000% 42,~~749~~902,~~999~~486.9996 85,~~312~~103.5054 0.00 B-3 ~~86358HQY8~~86358HNQ8 SUB 2.~~10000~~11000% 21,~~999~~833,~~999~~291.9976 53,~~250~~223.0054 0.00 B-4 ~~86358HQZ5~~86358HNU9 SUB 2.~~98412~~84311% 1,~~749~~069,~~999~~395.9919 42,~~351~~533.8567 0.00 B-5 ~~86358HRB7~~86358HNV7 SUB 2.~~98412~~84311% 1610,~~000,000~~997.0025 21,~~486~~447.7761 0.00 B-6 ~~86358HRD3~~86358HNW5 SUB 2.~~98412~~84311% 21,~~749~~680,~~999~~541.9945 63,~~838~~981.6263 0.00 X 86358HNJ4 SEN 1.33275% 0.00 252,236.08 0.00 Totals ~~481~~269,~~790~~097,~~066~~670.8218 1637,~~198,100~~344.9907 54,~~246~~503,~~113~~655.1473

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~434~~204,~~043~~789,~~953~~391.8103 53,~~802~~785,~~547~~228.2293 0.00 A-2 0.00 2237,~~249~~653,~~999~~373.9397 301,~~593~~067,700.7583 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 XR-III 0.00 0.00 ~~572~~0.00 0.00 R-IV 0.00 0.00 0.00 0.00 A-3 0.00 9,~~458~~929,755.38 13,322.42 0.00 B-1 0.00 64,~~999~~124,~~999~~781.9846 116,~~375~~221.0055 0.00 B-2 0.00 42,~~749~~902,~~999~~486.9996 85,~~312~~103.5054 0.00 B-3 0.00 21,~~999~~833,~~999~~291.9976 53,~~250~~223.0054 0.00 B-4 0.00 1,~~749~~069,~~999~~395.9919 42,~~351~~533.8567 0.00 B-5 0.00 1610,~~000,000~~997.0025 21,~~486~~447.7761 0.00 B-6 0.00 21,~~749~~680,~~999~~541.9945 63,~~838~~981.6263 0.00 X 0.00 0.00 252,236.08 0.00 Totals 0.00 ~~476~~264,~~543~~594,~~953~~014.6845 65,~~444~~140,~~214~~999.1380 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~~237,~~500~~188,~~000~~200.00 ~~439~~208,~~290~~321,~~066~~162.9555 0.00 53,~~246~~531,~~113~~771.1452 0.00 0.00 A-2 2246,~~250~~194,~~000~~500.00 2238,~~249~~625,~~999~~258.9318 0.00 0971,884.0021 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 XR-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 B0.00 0.00 0.00 0.00 A-13 79,~~000~~929,~~000~~800.00 69,~~999~~929,~~999~~755.9838 0.00 0.00 0.00 0.00 B-21 4,~~750~~124,~~000~~800.00 4,~~749~~124,~~999~~781.9946 0.00 0.00 0.00 0.00 B-32 32,~~000~~902,~~000~~500.00 2,~~999~~902,~~999~~486.9996 0.00 0.00 0.00 0.00 B-43 1,~~750~~833,~~000~~300.00 1,~~749~~833,~~999~~291.9976 0.00 0.00 0.00 0.00 B-54 1,~~000~~069,~~000~~400.00 1,~~000~~069,395.19 0.00 0.00 0.00 0.00 B-5 611,000.00 610,997.25 0.00 0.00 0.00 0.00 B-6 21,~~750~~680,~~000~~549.00 21,~~749~~680,~~999~~541.9945 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals ~~500~~305,~~000~~534,~~100~~249.00 ~~481~~269,~~790~~097,~~066~~670.8218 0.00 54,~~246~~503,~~113~~655.1473 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 53,~~246~~531,~~113~~771.1452 ~~434~~204,~~043~~789,~~953~~391.8103 0.~~94872995~~86340463 53,~~246~~531,~~113~~771.1452 A-2 0971,884.0021 2237,~~249~~653,~~999~~373.9397 10.81510513 971,884.21 R-I 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IIIII 0.00 0.00 0.00000000 0.00 XR-IV 0.00 0.00 0.00000000 0.00 A-3 0.00 9,929,755.38 0.99999551 0.00 B-1 0.00 64,~~999~~124,~~999~~781.9846 10.~~00000000~~99999551 0.00 B-2 0.00 42,~~749~~902,~~999~~486.9996 10.~~00000000~~99999551 0.00 B-3 0.00 21,~~999~~833,~~999~~291.9976 10.~~00000000~~99999551 0.00 B-4 0.00 1,~~749~~069,~~999~~395.9919 0.~~99999999~~99999550 0.00 B-5 0.00 1610,~~000,000~~997.0025 10.~~00000000~~99999550 0.00 B-6 0.00 21,~~749~~680,~~999~~541.9945 10.99999551 0.00 X 0.00 0.00 0.00000000 0.00 Totals 54,~~246~~503,~~113~~655.1473 ~~476~~264,~~543~~594,~~953~~014.6845 0.~~95308772~~86600443 54,~~246~~503,~~113~~655.1473

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 ~~457~~237,~~500~~188,~~000~~200.00 ~~960~~878.~~19686765~~29479945 0.00000000 1114.~~46691397~~89016536 0.00000000 A-2 2246,~~250~~194,~~000~~500.00 ~~999~~836.~~99999685~~14409031 0.00000000 021.~~00000000~~03895940 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 XR-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-3 9,929,800.00 999.99550646 0.00000000 0.00000000 0.00000000 B-1 74,~~000~~124,~~000~~800.00 999.~~99999714~~99550524 0.00000000 0.00000000 0.00000000 B-2 42,~~750~~902,~~000~~500.00 999.~~99999789~~99550732 0.00000000 0.00000000 0.00000000 B-3 31,~~000~~833,~~000~~300.00 999.~~99999667~~99550537 0.00000000 0.00000000 0.00000000 B-4 1,~~750~~069,~~000~~400.00 999.~~99999429~~99550215 0.00000000 0.00000000 0.00000000 B-5 1611,000~~,000~~.00 ~~1000~~999.~~00000000~~99549918 0.00000000 0.00000000 0.00000000 B-6 21,~~750~~680,~~000~~549.00 999.~~99999636~~99550742 0.00000000 0.00000000 0.00000000 X 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 A-1 0.00000000 1114.~~46691397~~89016536 ~~948~~863.~~72995368~~40463408 0.~~94872995~~86340463 1114.~~46691397~~89016536 A-2 0.00000000 21.03895940 815.10513091 0.81510513 21.03895940 R-I 0.00000000 ~~999~~0.~~99999685~~00000000 10.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IIIII 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 XR-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BA-13 0.00000000 0.00000000 999.~~99999714~~99550646 0.99999551 0.00000000 B-1 0.00000000 0.00000000 999.99550524 0.99999551 0.00000000 B-2 0.00000000 0.00000000 999.~~99999789~~99550732 10.~~00000000~~99999551 0.00000000 B-3 0.00000000 0.00000000 999.~~99999667~~99550537 10.~~00000000~~99999551 0.00000000 B-4 0.00000000 0.00000000 999.~~99999429~~99550215 0.~~99999999~~99999550 0.00000000 B-5 0.00000000 0.00000000 ~~1,000~~999.~~00000000~~99549918 10.~~00000000~~99999550 0.00000000 B-6 0.00000000 0.00000000 999.~~99999636~~99550742 10.99999551 0.00000000 X 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-1 ~~457~~237,~~500~~188,~~000~~200.00 1.~~52000~~46000% ~~439~~208,~~290~~321,~~066~~162.9555 ~~556~~253,~~434~~457.0841 0.00 0.00 A-2 2246,~~250~~194,~~000~~500.00 12.~~65000~~97681% 2238,~~249~~625,~~999~~258.9318 3095,~~593~~816.7562 0.00 0.00 R-I 50.00 3.~~46624~~59884% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~46624~~59884% 0.00 0.00 0.00 0.00 XR-III 50.00 3.59884% 0.00 0.00 0.00 0.00 R-IV 50.00 3.59884% 0.00 0.00 0.00 0.00 A-3 9,929,800.00 1.~~44229~~61000% ~~476~~9,~~290~~929,~~066~~755.8438 ~~572~~13,~~458~~322.42 0.00 0.00 B-1 74,~~000~~124,~~000~~800.00 1.~~95000~~81000% 64,~~999~~124,~~999~~781.9846 116,~~375~~221.0055 0.00 0.00 B-2 42,~~750~~902,~~000~~500.00 2.~~10000~~11000% 42,~~749~~902,~~999~~486.9996 85,~~312~~103.5054 0.00 0.00 B-3 31,~~000~~833,~~000~~300.00 2.~~10000~~11000% 21,~~999~~833,~~999~~291.9976 53,~~250~~223.0054 0.00 0.00 B-4 1,~~750~~069,~~000~~400.00 2.~~98412~~84311% 1,~~749~~069,~~999~~395.9919 42,~~351~~533.8567 0.00 0.00 B-5 1611,000~~,000~~.00 2.~~98412~~84311% 1610,~~000,000~~997.0025 21,~~486~~447.7761 0.00 0.00 B-6 21,~~750~~680,~~000~~549.00 2.~~98412~~84311% 21,~~749~~680,~~999~~541.9945 63,~~838~~981.6263 0.00 0.00 ~~Totals~~X ~~500~~0.00 1.33275% 227,~~000~~111,~~100~~478.10 252,236.08 0.00 10.00 Totals 305,~~198~~534,~~100~~249.9900 637,344.07 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 0.0001 0.00 ~~556~~253,~~434~~457.0841 0.00 ~~434~~204,~~043~~789,~~953~~391.8103 A-2 0.00 0.00 3095,~~593~~816.7562 0.00 2237,~~249~~653,~~999~~373.9397 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 XR-III 0.00 0.00 ~~572~~0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 A-3 0.00 0.00 13,~~458~~322.42 0.00 ~~471~~9,~~043~~929,~~953~~755.7038 B-1 0.00 0.00 116,~~375~~221.0055 0.00 64,~~999~~124,~~999~~781.9846 B-2 0.00 0.00 85,~~312~~103.5054 0.00 42,~~749~~902,~~999~~486.9996 B-3 0.00 0.00 53,~~250~~223.0054 0.00 21,~~999~~833,~~999~~291.9976 B-4 0.00 0.00 42,~~351~~533.8567 0.00 1,~~749~~069,~~999~~395.9919 B-5 0.00 0.00 21,~~486~~447.7761 0.00 1610,~~000,000~~997.0025 B-6 0.00 0.00 63,~~838~~981.6263 0.00 21,~~749~~680,~~999~~541.9945 ~~Totals~~X 0.00 0.00 1252,~~198~~236.08 0.00 223,~~100~~579,706.9958 Totals 0.01 0.00 637,344.07 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~~237,~~500~~188,~~000~~200.00 1.~~52000~~46000% ~~960~~878.~~19686765~~29479945 1.~~21624936~~06859199 0.00000000 0.00000000 A-2 2246,~~250~~194,~~000~~500.00 12.~~65000~~97681% ~~999~~836.~~99999685~~14409031 12.~~37500000~~07419974 0.00000000 0.00000000 R-I 50.00 3.~~46624~~59884% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~46624~~59884% 0.00000000 0.00000000 0.00000000 0.00000000 XR-III 50.00 3.59884% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 3.59884% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 9,929,800.00 1.~~44229~~61000% ~~963~~999.~~17505933~~99550646 1.~~15765100~~34166046 0.00000000 0.00000000 B-1 74,~~000~~124,~~000~~800.00 1.~~95000~~81000% 999.~~99999714~~99550524 1.~~62500000~~50832768 0.00000000 0.00000000 B-2 42,~~750~~902,~~000~~500.00 2.~~10000~~11000% 999.~~99999789~~99550732 1.~~75000000~~75832558 0.00000000 0.00000000 B-3 31,~~000~~833,~~000~~300.00 2.~~10000~~11000% 999.~~99999667~~99550537 1.~~75000000~~75832652 0.00000000 0.00000000 B-4 1,~~750~~069,~~000~~400.00 2.~~98412~~84311% 999.~~99999429~~99550215 2.~~48677143~~36924444 0.00000000 0.00000000 B-5 1611,000~~,000~~.00 2.~~98412~~84311% ~~1000~~999.~~00000000~~99549918 2.~~48677000~~36924714 0.00000000 0.00000000 B-6 21,~~750~~680,~~000~~549.00 2.~~98412~~84311% 999.~~99999636~~99550742 2.~~48677091~~36924362 0.00000000 0.00000000 X 0.00 1.33275% 887.22837808 0.98537956 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~~00000004 0.00000000 1.~~21624936~~06859199 0.00000000 ~~948~~863.~~72995368~~40463408 A-2 0.00000000 0.00000000 12.~~37500000~~07419974 0.00000000 ~~999~~815.~~99999685~~10513091 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 XR-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 0.00000000 0.00000000 1.~~15765100~~34166046 0.00000000 ~~952~~999.~~56613488~~99550646 B-1 0.00000000 0.00000000 1.~~62500000~~50832768 0.00000000 999.~~99999714~~99550524 B-2 0.00000000 0.00000000 1.~~75000000~~75832558 0.00000000 999.~~99999789~~99550732 B-3 0.00000000 0.00000000 1.~~75000000~~75832652 0.00000000 999.~~99999667~~99550537 B-4 0.00000000 0.00000000 2.~~48677143~~36924444 0.00000000 999.~~99999429~~99550215 B-5 0.00000000 0.00000000 2.~~48677000~~36924714 0.00000000 ~~1000~~999.~~00000000~~99549918 B-6 0.00000000 0.00000000 2.~~48677091~~36924362 0.00000000 999.~~99999636~~99550742 X 0.00000000 0.00000000 0.98537956 0.00000000 873.43124222 (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 65,~~594~~224,~~279~~366.1523 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 113,~~303~~209.5056 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 65,~~605~~227,~~582~~575.6579 Withdrawals Reimbursement for Servicer Advances 152,~~301~~482.7496 Payment of Service Fee ~~146~~84,~~066~~093.7803 Payment of Interest and Principal 65,~~444~~140,~~214~~999.1380 Total Withdrawals (Pool Distribution Amount) 65,~~605~~227,~~582~~575.6579 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~4,492~~0.6500 Servicing Fee Support ~~4,492~~0.6500 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 2084,~~074~~093.6003 ~~Additional Servicing Fee 130,484.83~~ Supported Prepayment/Curtailment Interest Shortfall ~~4,492~~0.6500 Net Servicing Fee ~~146~~84,~~066~~093.7803

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Carryover Shortfall Reserve Fund 5,000.00 0.00 0.00 5,000.00

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 12 0 0 12 ~~429~~246,~~236~~760.1548 0.00 0.00 ~~429~~246,~~236~~760.1548 30 Days 132 0 0 0 13 2 851,~~569,906~~991.0408 0.00 0.00 0.00 2851,~~569,906~~991.0408 60 Days 2 0 0 1 0 21 ~~221,856~~0.00 0.00 0364,000.00 0.00 ~~221~~364,~~856~~000.00 90 Days 1 0 0 0 1 ~~400~~144,000.0040 0.00 0.00 0.00 ~~400~~144,000.0040 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~562,500~~0.00 0.00 ~~562,500~~0.00 180+ Days 10 0 0 0 10 ~~249,973~~0.9600 0.00 0.00 0.00 ~~249,973~~0.9600 Totals 173 12 1 0 196 3995,~~441,736~~991.0048 ~~429~~246,~~236~~760.1548 ~~562~~364,~~500~~000.00 0.00 41,~~433~~606,~~472~~751.1596 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.~~059595~~250941% 0.000000% 0.000000% 0.~~059595~~250941% 0.~~090075~~093260% 0.000000% 0.000000% 0.~~090075~~093260% 30 Days 0.~~774732~~250941% 0.000000% 0.000000% 0.000000% 0.~~774732~~250941% 0.~~539292~~321999% 0.000000% 0.000000% 0.000000% 0.~~539292~~321999% 60 Days 0.~~119190~~000000% 0.000000% 0.~~000000~~125471% 0.000000% 0.~~119190~~125471% 0.~~046556~~000000% 0.000000% 0.~~000000~~137569% 0.000000% 0.~~046556~~137569% 90 Days 0.~~059595~~125471% 0.000000% 0.000000% 0.000000% 0.~~059595~~125471% 0.~~083940~~054423% 0.000000% 0.000000% 0.000000% 0.~~083940~~054423% 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.~~059595~~000000% 0.000000% 0.~~059595~~000000% 0.000000% 0.000000% 0.~~118040~~000000% 0.000000% 0.~~118040~~000000% 180+ Days 0.~~059595~~000000% 0.000000% 0.000000% 0.000000% 0.~~059595~~000000% 0.~~052457~~000000% 0.000000% 0.000000% 0.000000% 0.~~052457~~000000% Totals 10.~~013111~~376412% 0.~~059595~~250941% 0.~~059595~~125471% 0.000000% 10.~~132300~~752823% 0.~~722244~~376423% 0.~~090075~~093260% 0.~~118040~~137569% 0.000000% 0.~~930359~~607252%

Delinquency Status By Groups

~~OTHER~~DELINQUENT ~~INFORMATION~~BANKRUPTCY ~~Current~~FORECLOSURE ~~Period~~REO ~~Class~~Total AGroup ~~Insufficient~~I ~~Funds~~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 1 0 0 1 127,178.07 0.00 0.00 127,178.07 30 Days 1 0 0 0 1 532,000.00 0.00 0.00 0.00 532,000.00 60 Days 0 0 1 0 1 0.00 0.00 364,000.00 0.00 364,000.00 90 Days 1 0 0 0 1 144,000.40 0.00 0.00 0.00 144,000.40 120 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 2 1 1 0 4 676,000.40 127,178.07 364,000.00 0.00 1,167,178.47 0-29 Days 0.153139% 0.000000% 0.000000% 0.153139% 0.056946% 0.000000% 0.000000% 0.056946% 30 Days 0.153139% 0.000000% 0.000000% 0.000000% 0.153139% 0.238213% 0.000000% 0.000000% 0.000000% 0.238213% 60 Days 0.000000% 0.000000% 0.153139% 0.000000% 0.153139% 0.000000% 0.000000% 0.162988% 0.000000% 0.162988% 90 Days 0.153139% 0.000000% 0.000000% 0.000000% 0.153139% 0.064479% 0.000000% 0.000000% 0.000000% 0.064479% 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 0.306279% 0.153139% 0.153139% 0.000000% 0.612557% 0.302692% 0.056946% 0.162988% 0.000000% 0.522626% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ofPrincipal ~~Contaminated~~Balance ~~Properties~~Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 119,582.41 0.00 ~~Periodic~~0.00 ~~Advance~~119,582.41 1130 Days 1 0 0 0 1 319,~~303~~991.5008 0.00 0.00 0.00 319,991.08 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 1 1 0 0 2 319,991.08 119,582.41 0.00 0.00 439,573.49 0-29 Days 0.694444% 0.000000% 0.000000% 0.694444% 0.289796% 0.000000% 0.000000% 0.289796% 30 Days 0.694444% 0.000000% 0.000000% 0.000000% 0.694444% 0.775466% 0.000000% 0.000000% 0.000000% 0.775466% 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 0.694444% 0.694444% 0.000000% 0.000000% 1.388889% 0.775466% 0.289796% 0.000000% 0.000000% 1.065262%

~~COLLATERAL~~OTHER ~~STATEMENT~~INFORMATION ~~Collateral~~Current ~~Description~~Period ~~Mixed~~Class ~~ARM~~A ~~Weighted~~Insufficient ~~Average~~Funds Gross Coupon 3.359124% Weighted Average Net Coupon 3.309124% Weighted Average Pass-Through Rate 2.984124% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 1,691 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 1,678 Beginning Scheduled Collateral Balance 481,790,066.82 Ending Scheduled Collateral Balance 476,543,953.68 Ending Actual Collateral Balance at 31-Jul-2003 476,533,504.29 Monthly P &I Constant 1,348,660.38 Special Servicing Fee 0.00 ~~Prepayment~~Principal ~~Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled~~ Balance ~~for~~of ~~Premium~~Contaminated ~~Loans~~Properties ~~476,543,953.68 Scheduled Principal~~ 0.00 ~~Unscheduled~~Periodic ~~Principal~~Advance 53,~~246,113~~209.1456

~~Miscellaneous~~COLLATERAL ~~Reporting~~STATEMENT ~~Average~~Collateral ~~Loss~~Description ~~Severity~~Mixed ~~for~~ARM ~~Prior~~Weighted ~~Month~~Average 0Gross Coupon 3.00217139% ~~Senior~~Weighted ~~Percentage~~Average 91Net Coupon 2.~~178731~~842139% ~~Senior~~Weighted ~~Prepayment~~Average ~~Percentage~~Pass-Through ~~100~~Rate 2.~~000000~~842139% ~~Subordinate~~Weighted ~~Percentage~~Average 8Maturity(Stepdown Calculation ) 286 Beginning Scheduled Collateral Loan Count 811 Number Of Loans Paid In Full 14 Ending Scheduled Collateral Loan Count 797 Beginning Scheduled Collateral Balance 269,097,670.~~821269%~~18 ~~Subordinate~~Ending Scheduled Collateral Balance 264,594,014.45 Ending Actual Collateral Balance at 02-Sep-2003 264,594,014.45 Monthly P &I Constant 721,437.09 Special Servicing Fee 0.00 Prepayment ~~Percentage~~Penalties 0.~~000000%~~00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 264,594,014.45 Scheduled Principal 0.00 Unscheduled Principal 4,503,655.73

Filing Compare · STRUCTURED ASSET MORTGAGE INVEST MORT PA THR CE SER 2002-AR2