8-K 1 bsl02002.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/29/03 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 December 26, 2003 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 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.~~62000~~61875% ~~166~~142,~~797~~004,~~187~~043.9584 ~~240~~197,~~187~~942.9579 149,~~858~~173,~~339~~529.3453 M-1 07386HAU5 SUB 1.~~82000~~81875% 8,426,600.00 13,~~632~~197.3728 0.00 M-2 07386HAV3 SUB 2.~~12000~~11875% 7,415,500.00 13,~~974~~529.1043 0.00 M-3 07386HAW1 SUB 3.~~12000~~11875% 3,876,200.00 10,~~749~~409.9989 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~588~~518,~~479~~414.5045 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 ~~188~~163,~~200~~407,~~918~~774.9584 ~~867~~753,~~023~~493.9184 149,~~858~~173,~~339~~529.3453

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~151~~132,~~938~~830,~~848~~514.6131 159,~~098~~371,~~527~~472.2932 0.00 M-1 0.00 8,426,600.00 13,~~632~~197.3728 0.00 M-2 0.00 7,415,500.00 13,~~974~~529.1043 0.00 M-3 0.00 3,876,200.00 10,~~749~~409.9989 0.00 B-IO 0.00 1,685,331.00 ~~588~~518,~~479~~414.5045 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 ~~173~~154,~~342~~234,~~579~~245.6131 159,~~725~~927,~~363~~023.2537 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 ~~166~~142,~~797~~004,~~187~~043.9584 0.00 149,~~858~~173,~~339~~529.3453 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 ~~188~~163,~~200~~407,~~918~~774.9584 0.00 149,~~858~~173,~~339~~529.3453 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 149,~~858~~173,~~339~~529.3453 ~~151~~132,~~938~~830,~~848~~514.6131 0.~~47877707~~41856447 149,~~858~~173,~~339~~529.3453 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 149,~~858~~173,~~339~~529.3453 ~~173~~154,~~342~~234,~~579~~245.6131 0.~~51426851~~45757837 149,~~858~~173,~~339~~529.3453

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~525~~447.~~59742954~~47133536 0.00000000 4628.~~82036346~~90686348 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 4628.~~82036346~~90686348 ~~478~~418.~~77706608~~56447188 0.~~47877707~~41856447 4628.~~82036346~~90686348 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 0.00000000 18,207,984.01037170 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, Bankruptcy, 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.~~62000~~61875% ~~166~~142,~~797~~004,~~187~~043.9584 ~~240~~197,~~187~~942.9579 0.00 0.00 M-1 8,426,600.00 1.~~82000~~81875% 8,426,600.00 13,~~632~~197.3728 0.00 0.00 M-2 7,415,500.00 2.~~12000~~11875% 7,415,500.00 13,~~974~~529.1043 0.00 0.00 M-3 3,876,200.00 3.~~12000~~11875% 3,876,200.00 10,~~749~~409.9989 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 ~~278~~235,~~544~~079.4139 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 ~~240~~197,~~187~~942.9579 0.00 ~~151~~132,~~938~~830,~~848~~514.6131 M-1 0.00 0.00 13,~~632~~197.3728 0.00 8,426,600.00 M-2 0.00 0.00 13,~~974~~529.1043 0.00 7,415,500.00 M-3 0.00 0.00 10,~~749~~409.9989 0.00 3,876,200.00 B-IO 0.00 0.00 ~~588~~518,~~479~~414.5045 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 ~~867~~753,~~023~~493.9184 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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.~~62000~~61875% ~~525~~447.~~59742954~~47133536 0.~~75686030~~62374086 0.00000000 0.00000000 M-1 8,426,600.00 1.~~82000~~81875% 1000.00000000 1.~~61777823~~56614530 0.00000000 0.00000000 M-2 7,415,500.00 2.~~12000~~11875% 1000.00000000 1.~~88444474~~82447981 0.00000000 0.00000000 M-3 3,876,200.00 3.~~12000~~11875% 1000.00000000 2.~~77333213~~68559156 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.~~75686030~~62374086 0.00000000 ~~478~~418.~~77706608~~56447188 M-1 0.00000000 0.00000000 1.~~61777823~~56614530 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~88444474~~82447981 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~77333213~~68559156 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~6357816~~5600847.~~55142610~~55834054 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, Bankruptcy,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 159,~~778~~984,~~454~~057.4083 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1415,~~290~~543.2885 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 159,~~792~~999,~~744~~601.68 Withdrawals Reimbursement for Servicer Advances 317,~~002~~016.81 Payment of Service Fee 6455,~~378~~561.6251 Payment of Interest and Principal 159,~~725~~927,~~363~~023.2536 Total Withdrawals (Pool Distribution Amount) 159,~~792~~999,~~744~~601.68 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2825,~~428~~384.4130 Additional Servicing Fee 3530,~~950~~177.21 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6455,~~378~~561.6251

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 0436,500.00 0.00 0.00 0436,500.00 30 Days 72 0 0 0 72 1192,~~688,884~~816.7420 0.00 0.00 0.00 1192,~~688,884~~816.7420 60 Days 01 0 0 0 01 0642,021.0065 0.00 0.00 0.00 0642,021.0065 90 Days 01 0 02 0 03 0689,554.0013 0.00 0295,255.0024 0.00 0984,809.0037 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 43 0 0 01 4 ~~450~~332,~~477~~578.0887 0.00 0.00 0117,898.0021 450,477.08 Totals 117 01 02 01 11 21,~~139~~856,~~361~~970.8285 0436,500.00 0295,255.0024 0117,898.0021 2,~~139~~706,~~361~~624.8230 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~~171527% 0.000000% 0.000000% 0.~~000000~~171527% 0.~~000000~~282723% 0.000000% 0.000000% 0.~~000000~~282723% 30 Days 10.~~076923~~343053% 0.000000% 0.000000% 0.000000% 10.~~076923~~343053% 0.~~973407~~124888% 0.000000% 0.000000% 0.000000% 0.~~973407~~124888% 60 Days 0.~~000000~~171527% 0.000000% 0.000000% 0.000000% 0.~~000000~~171527% 0.~~000000~~415841% 0.000000% 0.000000% 0.000000% 0.~~000000~~415841% 90 Days 0.~~000000~~171527% 0.000000% 0.~~000000~~343053% 0.000000% 0.~~000000~~514580% 0.~~000000~~446628% 0.000000% 0.~~000000~~191238% 0.000000% 0.~~000000~~637866% 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.~~615385~~514580% 0.000000% 0.000000% 0.~~000000~~171527% 0.~~615385~~686106% 0.~~259637~~215413% 0.000000% 0.000000% 0.~~000000~~076363% 0.~~259637~~291776% Totals 1.~~692308~~200686% 0.~~000000~~171527% 0.~~000000~~343053% 0.~~000000~~171527% 1.~~692308~~886792% 1.~~233045~~202770% 0.~~000000~~282723% 0.~~000000~~191238% 0.~~000000~~076363% 1.~~233045~~753095%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1415,~~290~~543.2885

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~095221~~060188% Weighted Average Net Coupon 5.~~913957~~873776% Weighted Average Pass-Through Rate 5.~~684732~~652167% Weighted Average Maturity(Stepdown Calculation ) ~~342~~340 Beginning Scheduled Collateral Loan Count ~~696~~615 Number Of Loans Paid In Full 4632 Ending Scheduled Collateral Loan Count ~~650~~583 Beginning Scheduled Collateral Balance ~~188~~163,~~200~~407,~~818~~674.9584 Ending Scheduled Collateral Balance ~~173~~154,~~342~~234,~~479~~145.6131 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~173~~154,~~502~~391,~~337~~165.5032 Monthly P &I Constant 1998,~~154,027~~744.3486 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 ~~173~~154,~~342~~234,~~479~~145.6131 Scheduled Principal ~~198~~173,~~089~~510.3245 Unscheduled Principal 149,~~660~~000,~~250~~019.0208 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 ~~588~~518,~~479~~414.5045

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.~~321823~~327206 5.~~820887~~726966 6.~~095221~~060188 Weighted Average Net Rate 6.~~195358~~196446 5.~~573280~~471104 5.~~913957~~873776 Weighted Average Maturity ~~343~~ 341 ~~342~~339 340 Beginning Loan Count ~~364~~322 ~~332~~293 ~~696~~615 Loans Paid In Full 2517 2115 4632 Ending Loan Count ~~339~~305 ~~311~~278 ~~650~~583 Beginning Scheduled Balance ~~103~~90,~~066~~715,~~949~~514.5659 8572,~~133~~692,~~869~~160.3925 ~~188~~163,~~200~~407,~~818~~674.9584 Ending scheduled Balance 9585,~~852~~196,~~576~~088.4430 7769,~~489~~038,~~903~~057.1701 ~~173~~154,~~342~~234,~~479~~145.6131 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~650~~573,~~849~~876.8286 ~~503~~424,~~177~~868.5200 1998,~~154,027~~744.3486 Scheduled Principal ~~107~~95,~~874~~563.0070 9077,~~215~~946.3275 ~~198~~173,~~089~~510.3245 Unscheduled Principal 75,~~106~~423,~~499~~862.1259 73,~~553~~576,~~750~~156.9049 149,~~660~~000,~~250~~019.0208 Scheduled Interest ~~542~~478,~~975~~313.8216 ~~412~~346,~~962~~921.2025 ~~955~~825,~~938~~234.0241 Servicing Fees 109,~~861~~885.9701 1715,~~566~~499.4429 2825,~~428~~384.4130 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 2420,~~174~~719.2751 119,~~775~~457.9470 3530,~~950~~177.21 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 ~~507~~447,~~939~~708.5864 ~~383~~321,~~619~~964.8226 ~~891~~769,~~559~~672.4090 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~913898~~922365 5.~~407293~~314976 5.~~684732~~652167

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