8-K 1 bsl02002.txt MARCH 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): March 25, 2004 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, 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 March 25, 2004 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 March 25, 2004 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, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 3/31/2004 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 March 25, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 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.~~61875~~59000% ~~142~~116,~~004~~234,~~043~~347.8477 ~~197~~148,~~942~~876.7983 94,~~173~~655,~~529~~891.5369 M-1 07386HAU5 SUB 1.~~81875~~79000% 8,426,600.00 1312,~~197~~150.2869 0.00 M-2 07386HAV3 SUB 2.~~11875~~09000% 7,415,500.00 1312,~~529~~484.4382 0.00 M-3 07386HAW1 SUB 3.~~11875~~09000% 3,876,200.00 109,~~409~~648.8951 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~518~~449,~~414~~960.4538 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 ~~163~~137,~~407~~638,~~774~~078.8477 ~~753~~633,~~493~~121.8423 94,~~173~~655,~~529~~891.5369

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~132~~111,~~830~~578,~~514~~456.3108 94,~~371~~804,~~472~~768.3252 0.00 M-1 0.00 8,426,600.00 1312,~~197~~150.2869 0.00 M-2 0.00 7,415,500.00 1312,~~529~~484.4382 0.00 M-3 0.00 3,876,200.00 109,~~409~~648.8951 0.00 B-IO 0.00 1,685,331.00 ~~518~~449,~~414~~960.4538 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 ~~154~~132,~~234~~982,~~245~~187.3108 95,~~927~~289,~~023~~012.3792 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 ~~142~~116,~~004~~234,~~043~~347.8477 0.00 94,~~173~~655,~~529~~891.5369 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 ~~163~~137,~~407~~638,~~774~~078.8477 0.00 94,~~173~~655,~~529~~891.5369 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 94,~~173~~655,~~529~~891.5369 ~~132~~111,~~830~~578,~~514~~456.3108 0.~~41856447~~35159675 94,~~173~~655,~~529~~891.5369 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 94,~~173~~655,~~529~~891.5369 ~~154~~132,~~234~~982,~~245~~187.3108 0.~~45757837~~39452829 94,~~173~~655,~~529~~891.5369

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~447~~366.~~47133536~~26801185 0.00000000 2814.~~90686348~~67125876 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 2814.~~90686348~~67125876 ~~418~~351.~~56447188~~59675309 0.~~41856447~~35159675 2814.~~90686348~~67125876 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~~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, 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.~~61875~~59000% ~~142~~116,~~004~~234,~~043~~347.8477 ~~197~~148,~~942~~876.7983 0.00 0.00 M-1 8,426,600.00 1.~~81875~~79000% 8,426,600.00 1312,~~197~~150.2869 0.00 0.00 M-2 7,415,500.00 2.~~11875~~09000% 7,415,500.00 1312,~~529~~484.4382 0.00 0.00 M-3 3,876,200.00 3.~~11875~~09000% 3,876,200.00 109,~~409~~648.8951 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 ~~235~~183,~~079~~160.3985 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 (0.0001) 0.00 ~~197~~148,~~942~~876.7983 0.00 ~~132~~111,~~830~~578,~~514~~456.3108 M-1 0.00 0.00 1312,~~197~~150.2869 0.00 8,426,600.00 M-2 0.00 0.00 1312,~~529~~484.4382 0.00 7,415,500.00 M-3 0.00 0.00 109,~~409~~648.8951 0.00 3,876,200.00 B-IO 0.00 0.00 ~~518~~449,~~414~~960.4538 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 (0.0001) 0.00 ~~753~~633,~~493~~121.8423 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.~~61875~~59000% ~~447~~366.~~47133536~~26801185 0.~~62374086~~46912829 0.00000000 0.00000000 M-1 8,426,600.00 1.~~81875~~79000% 1000.00000000 1.~~56614530~~44194456 0.00000000 0.00000000 M-2 7,415,500.00 2.~~11875~~09000% 1000.00000000 1.~~82447981~~68361135 0.00000000 0.00000000 M-3 3,876,200.00 3.~~11875~~09000% 1000.00000000 2.~~68559156~~48916723 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~~00000003) 0.00000000 0.~~62374086~~46912829 0.00000000 ~~418~~351.~~56447188~~59675309 M-1 0.00000000 0.00000000 1.~~56614530~~44194456 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.~~82447981~~68361135 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~68559156~~48916723 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~5600847~~4861283.~~55834054~~27571305 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 95,~~984~~335,~~057~~704.8353 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1519,~~543~~412.8587 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 95,~~999~~355,~~601~~117.6840 Withdrawals Reimbursement for Servicer Advances 1719,~~016~~523.8192 Payment of Service Fee 5546,~~561~~580.5156 Payment of Interest and Principal 95,~~927~~289,~~023~~012.3692 Total Withdrawals (Pool Distribution Amount) 95,~~999~~355,~~601~~117.6840 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 (0.0001)

SERVICING FEES Gross Servicing Fee 2521,~~384~~575.3011 Additional Servicing Fee 3025,~~177~~005.2145 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5546,~~561~~580.5156

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 1 0 0 1 436,500.00 0.00 0.00 436,500.00 30 Days 26 0 0 0 26 ~~192~~1,~~816~~089,116.2057 0.00 0.00 0.00 ~~192~~1,~~816~~089,116.2057 60 Days 1 0 0 0 1 ~~642~~185,~~021~~874.6562 0.00 0.00 0.00 ~~642~~185,~~021~~874.6562 90 Days 10 0 21 0 31 ~~689,554~~0.1300 0.00 ~~295~~409,~~255~~091.2403 0.00 ~~984~~409,~~809~~091.3703 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 01 0 01 0.00 0.00 0642,021.0065 0.00 0642,021.0065 180+ Days 3 0 0 12 43 ~~332,578.87~~5 0.00 0.00 ~~117~~295,~~898~~255.2124 ~~450~~332,~~477~~578.0887 627,834.11 Totals 7 1 24 13 1115 1,~~856~~274,~~970~~991.8519 436,500.00 ~~295~~1,~~255~~346,367.2492 ~~117~~332,~~898~~578.2187 23,~~706~~390,~~624~~437.3098 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.~~171527~~195695% 0.000000% 0.000000% 0.~~171527~~195695% 0.~~282723~~327872% 0.000000% 0.000000% 0.~~282723~~327872% 30 Days 01.~~343053~~174168% 0.000000% 0.000000% 0.000000% 01.~~343053~~174168% 0.~~124888~~818078% 0.000000% 0.000000% 0.000000% 0.~~124888~~818078% 60 Days 0.~~171527~~195695% 0.000000% 0.000000% 0.000000% 0.~~171527~~195695% 0.~~415841~~139618% 0.000000% 0.000000% 0.000000% 0.~~415841~~139618% 90 Days 0.~~171527~~000000% 0.000000% 0.~~343053~~195695% 0.000000% 0.~~514580~~195695% 0.~~446628~~000000% 0.000000% 0.~~191238~~307284% 0.000000% 0.~~637866~~307284% 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~~195695% 0.000000% 0.~~000000~~195695% 0.000000% 0.000000% 0.~~000000~~482248% 0.000000% 0.~~000000~~482248% 180+ Days 0.~~514580~~000000% 0.000000% 0.~~000000~~391389% 0.~~171527~~587084% 0.~~686106~~978474% 0.~~215413~~000000% 0.000000% 0.~~000000~~221778% 0.~~076363~~249813% 0.~~291776~~471591% Totals 1.~~200686~~369863% 0.~~171527~~195695% 0.~~343053~~782779% 0.~~171527~~587084% 12.~~886792~~935421% 10.~~202770~~957696% 0.~~282723~~327872% 01.~~191238~~011310% 0.~~076363~~249813% 12.~~753095~~546691%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1519,~~543~~412.8587

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 65.~~060188~~936505% Weighted Average Net Coupon 5.~~873776~~748402% Weighted Average Pass-Through Rate 5.~~652167~~530391% Weighted Average Maturity(Stepdown Calculation ) ~~340~~337 Beginning Scheduled Collateral Loan Count ~~615~~528 Number Of Loans Paid In Full 3217 Ending Scheduled Collateral Loan Count ~~583~~511 Beginning Scheduled Collateral Balance ~~163~~137,~~407~~637,~~674~~978.8477 Ending Scheduled Collateral Balance ~~154~~132,~~234~~982,~~145~~087.3108 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~154~~133,~~391~~131,~~165~~126.3247 Monthly P &I Constant ~~998~~832,~~744~~212.8649 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 ~~154~~132,~~234~~982,~~145~~087.3108 Scheduled Principal ~~173~~151,~~510~~305.4537 Unscheduled Principal 94,~~000~~504,~~019~~586.0832 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 ~~518~~449,~~414~~960.4539

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.~~327206~~274262 5.~~726966~~512577 65.~~060188~~936505 Weighted Average Net Rate 6.~~196446~~148166 5.~~471104~~246648 5.~~873776~~748402 Weighted Average Maturity ~~341~~338 ~~339~~336 ~~340~~337 Beginning Loan Count ~~322~~279 ~~293~~249 ~~615~~528 Loans Paid In Full 1711 156 3217 Ending Loan Count ~~305~~268 ~~278~~243 ~~583~~511 Beginning Scheduled Balance 9076,~~715~~604,~~514~~552.5980 7261,~~692~~033,~~160~~425.2597 ~~163~~137,~~407~~637,~~674~~978.8477 Ending scheduled Balance 8573,~~196~~562,~~088~~994.3097 6959,~~038~~419,~~057~~092.0111 ~~154~~132,~~234~~982,~~145~~087.3108 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~573~~483,~~876~~950.8656 ~~424~~348,~~868~~261.0093 ~~998~~832,~~744~~212.8649 Scheduled Principal 9583,~~563~~419.7067 7767,~~946~~885.7570 ~~173~~151,~~510~~305.4537 Unscheduled Principal 52,~~423~~958,~~862~~138.5916 31,~~576~~546,~~156~~448.4916 94,~~000~~504,~~019~~586.0832 Scheduled Interest ~~478~~400,~~313~~530.1689 ~~346~~280,~~921~~376.2523 ~~825~~680,~~234~~907.4112 Servicing Fees 98,~~885~~049.0165 1513,~~499~~525.2946 2521,~~384~~575.3011 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 2017,~~719~~650.5182 97,~~457~~354.7063 3025,~~177~~005.2145 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 ~~447~~374,~~708~~830.6442 ~~321~~259,~~964~~496.2614 ~~769~~634,~~672~~326.9056 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~922365~~871668 5.~~314976~~102047 5.~~652167~~530391

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