8-K 1 bsl02002_aug.txt AUGUST 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): August 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2002-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) 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, 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 (Registrant) 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: 8/31/04 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, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 27/2931/~~2004~~04 Distribution Date: 38/25/~~2004~~04 BSL Series: 2002-2 Contact: Customer Service - CTSLink Wells Fargo Bank, 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.~~59000~~95000% ~~116~~78,~~234~~469,~~347~~817.7715 ~~148~~127,~~876~~513.8347 45,~~655~~353,~~891~~906.6964 M-1 07386HAU5 SUB 12.~~79000~~15000% 8,426,600.00 1215,~~150~~097.6966 0.00 M-2 07386HAV3 SUB 2.~~09000~~45000% 7,415,500.00 1215,~~484~~139.8298 0.00 M-3 07386HAW1 SUB 3.~~09000~~45000% 3,876,200.00 911,~~648~~144.5108 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~449~~224,~~960~~528.3861 0.00 XP 07386HAX9 SEN 0.00000% 100.00 0800.00 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 ~~137~~99,~~638~~873,~~078~~548.7715 ~~633~~394,~~121~~223.2380 45,~~655~~353,~~891~~906.6964

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~111~~73,~~578~~115,~~456~~910.0851 45,~~804~~481,~~768~~420.5211 0.00 M-1 0.00 8,426,600.00 1215,~~150~~097.6966 0.00 M-2 0.00 7,415,500.00 1215,~~484~~139.8298 0.00 M-3 0.00 3,876,200.00 911,~~648~~144.5108 0.00 B-IO 0.00 1,685,331.00 ~~449~~224,~~960~~528.3861 0.00 XP 0.00 100.00 0800.00 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 ~~132~~94,~~982~~519,~~187~~641.0851 5,~~289~~748,~~012~~130.9244 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 ~~116~~78,~~234~~469,~~347~~817.7715 0.00 45,~~655~~353,~~891~~906.6964 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 ~~137~~99,~~638~~873,~~078~~548.7715 0.00 45,~~655~~353,~~891~~906.6964 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 45,~~655~~353,~~891~~906.6964 ~~111~~73,~~578~~115,~~456~~910.0851 0.~~35159675~~23039678 45,~~655~~353,~~891~~906.6964 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 45,~~655~~353,~~891~~906.6964 ~~132~~94,~~982~~519,~~187~~641.0851 0.~~39452829~~28041855 45,~~655~~353,~~891~~906.6964

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~366~~247.~~26801185~~26756306 0.00000000 1416.~~67125876~~87078543 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~~01037160 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 1416.~~67125876~~87078543 ~~351~~230.~~59675309~~39677764 0.~~35159675~~23039678 1416.~~67125876~~87078543 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~~00000000 18,207,984.~~01037170~~01037160 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.~~59000~~95000% ~~116~~78,~~234~~469,~~347~~817.7715 ~~148~~127,~~876~~513.8345 0.00 0.00 M-1 8,426,600.00 12.~~79000~~15000% 8,426,600.00 1215,~~150~~097.6966 0.00 0.00 M-2 7,415,500.00 2.~~09000~~45000% 7,415,500.00 1215,~~484~~139.8298 0.00 0.00 M-3 3,876,200.00 3.~~09000~~45000% 3,876,200.00 911,~~648~~144.5108 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 ~~183~~168,~~160~~895.8517 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 (0.0102) 0.00 ~~148~~127,~~876~~513.8347 0.00 ~~111~~73,~~578~~115,~~456~~910.0851 M-1 0.00 0.00 1215,~~150~~097.6966 0.00 8,426,600.00 M-2 0.00 0.00 1215,~~484~~139.8298 0.00 7,415,500.00 M-3 0.00 0.00 911,~~648~~144.5108 0.00 3,876,200.00 B-IO 0.00 0.00 ~~449~~224,~~960~~528.3861 0.00 1,685,331.00 XP 0.00 0.00 0800.00 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 (0.0102) 0.00 ~~633~~394,~~121~~223.2380 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.~~59000~~95000% ~~366~~247.~~26801185~~26756306 0.~~46912829~~40180978 0.00000000 0.00000000 M-1 8,426,600.00 12.~~79000~~15000% 1000.00000000 1.~~44194456~~79166686 0.00000000 0.00000000 M-2 7,415,500.00 2.~~09000~~45000% 1000.00000000 12.~~68361135~~04166678 0.00000000 0.00000000 M-3 3,876,200.00 3.~~09000~~45000% 1000.00000000 2.~~48916723~~87500129 0.00000000 0.00000000 B-IO 92.56 0.00000% 18207984.~~01037170~~01037160 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.~~00000003~~00000006) 0.00000000 0.~~46912829~~40180984 0.00000000 ~~351~~230.~~59675309~~39677764 M-1 0.00000000 0.00000000 1.~~44194456~~79166686 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 12.~~68361135~~04166678 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~48916723~~87500129 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~4861283~~2425762.~~27571305~~85652550 0.00000000 18207984.~~01037170~~01037160 XP 0.00000000 0.00000000 08000.00000000 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 5,~~335~~827,~~704~~958.5302 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1921,~~412~~838.8783 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(45,211.0032) Prepayment Penalties 0800.00 Total Deposits 5,~~355~~805,~~117~~385.4053 Withdrawals Reimbursement for Servicer Advances 1923,~~523~~415.9297 Payment of Service Fee 4633,~~580~~839.5612 Payment of Interest and Principal 5,~~289~~748,~~012~~130.9244 Total Withdrawals (Pool Distribution Amount) 5,~~355~~805,~~117~~385.4053 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 08,870.0047 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall (08,870.~~01)~~47

SERVICING FEES Gross Servicing Fee 2116,~~575~~160.1188 Additional Servicing Fee 2517,~~005~~678.4524 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4633,~~580~~839.5612

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~~234,~~500~~000.00 0.00 0.00 ~~436~~234,~~500~~000.00 30 Days 64 0 0 0 64 1,~~089~~260,~~116~~868.5793 0.00 0.00 0.00 1,~~089~~260,~~116~~868.5793 60 Days 12 0 0 0 12 ~~185~~352,~~874~~519.6248 0.00 0.00 0.00 ~~185~~352,~~874~~519.6248 90 Days 0 0 10 0 10 0.00 0.00 ~~409,091~~0.0300 0.00 ~~409,091~~0.0300 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 ~~642~~210,~~021~~067.6571 0.00 ~~642~~210,~~021~~067.6571 180+ Days 0 0 2 3 54 7 0.00 0.00 ~~295~~937,~~255~~276.2489 ~~332~~613,~~578~~574.8726 ~~627~~1,~~834~~550,851.1115 Totals 76 1 4 34 15 1,~~274~~613,~~991~~388.1941 ~~436~~234,~~500~~000.00 1,~~346~~147,~~367~~344.9260 ~~332~~613,~~578~~574.8726 3,~~390~~608,~~437~~307.9827 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.~~195695~~265252% 0.000000% 0.000000% 0.~~195695~~265252% 0.~~327872~~247288% 0.000000% 0.000000% 0.~~327872~~247288% 30 Days 1.~~174168~~061008% 0.000000% 0.000000% 0.000000% 1.~~174168~~061008% 01.~~818078~~332466% 0.000000% 0.000000% 0.000000% 01.~~818078~~332466% 60 Days 0.~~195695~~530504% 0.000000% 0.000000% 0.000000% 0.~~195695~~530504% 0.~~139618~~372537% 0.000000% 0.000000% 0.000000% 0.~~139618~~372537% 90 Days 0.000000% 0.000000% 0.~~195695~~000000% 0.000000% 0.~~195695~~000000% 0.000000% 0.000000% 0.~~307284~~000000% 0.000000% 0.~~307284~~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.~~195695~~265252% 0.000000% 0.~~195695~~265252% 0.000000% 0.000000% 0.~~482248~~221996% 0.000000% 0.~~482248~~221996% 180+ Days 0.000000% 0.000000% 0.~~391389~~795756% 01.~~587084~~061008% 01.~~978474~~856764% 0.000000% 0.000000% 0.~~221778~~990499% 0.~~249813~~648416% 01.~~471591~~638915% Totals 1.~~369863~~591512% 0.~~195695~~265252% 01.~~782779~~061008% 01.~~587084~~061008% 23.~~935421~~978780% 01.~~957696~~705003% 0.~~327872~~247288% 1.~~011310~~212496% 0.~~249813~~648416% 23.~~546691~~813202%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1921,~~412~~838.8783

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~936505~~783455% Weighted Average Net Coupon 5.~~748402~~589279% Weighted Average Pass-Through Rate 5.~~530391~~376871% Weighted Average Maturity(Stepdown Calculation ) ~~337~~332 Beginning Scheduled Collateral Loan Count ~~528~~396 Number Of Loans Paid In Full 1719 Ending Scheduled Collateral Loan Count ~~511~~377 Beginning Scheduled Collateral Balance ~~137~~99,~~637~~873,~~978~~448.7715 Ending Scheduled Collateral Balance ~~132~~94,~~982~~519,~~087~~541.0851 Ending Actual Collateral Balance at 2931-~~Feb~~Jul-2004 ~~133~~94,~~131~~626,~~126~~698.4734 Monthly P &I Constant ~~832~~597,~~212~~889.4970 Special Servicing Fee 0.00 Prepayment Penalties 0800.00 Realized Loss Amount 045,211.0032 Cumulative Realized Loss 085,396.0007 Ending Scheduled Balance for Premium Loans ~~132~~94,~~982~~519,~~087~~541.0851 Scheduled Principal ~~151~~116,~~305~~545.3702 Unscheduled Principal 45,~~504~~237,~~586~~361.3262 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 045,211.0032 Excess Cash Amount ~~449~~269,~~960~~739.3995

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.~~274262~~267229 5.~~512577~~260216 5.~~936505~~783455 Weighted Average Net Rate 6.~~148166~~148417 54.~~246648~~984527 5.~~748402~~589279 Weighted Average Maturity ~~338~~333 ~~336~~331 ~~337~~332 Beginning Loan Count ~~279~~200 ~~249~~196 ~~528~~396 Loans Paid In Full 1110 69 1719 Ending Loan Count ~~268~~190 ~~243~~187 ~~511~~377 Beginning Scheduled Balance 7651,~~604~~893,~~552~~815.8093 6147,~~033~~979,~~425~~632.9722 ~~137~~99,~~637~~873,~~978~~448.7715 Ending scheduled Balance 7349,~~562~~078,~~994~~387.9724 5945,~~419~~441,~~092~~154.1127 ~~132~~94,~~982~~519,~~087~~541.0851 Record Date 0207/2931/2004 0207/2931/2004 0207/2931/2004 Principal And Interest Constant ~~483~~332,~~950~~556.5613 ~~348~~265,~~261~~333.9357 ~~832~~597,~~212~~889.4970 Scheduled Principal 8361,~~419~~530.6779 6755,~~885~~014.7023 ~~151~~116,~~305~~545.3702 Unscheduled Principal 2,~~958~~753,~~138~~897.1690 12,~~546~~483,~~448~~463.1672 45,~~504~~237,~~586~~361.3262 Scheduled Interest ~~400~~271,~~530~~025.8934 ~~280~~210,~~376~~319.2334 ~~680~~481,~~907~~344.1268 Servicing Fees 85,~~049~~138.6501 1311,~~525~~022.4687 2116,~~575~~160.1188 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 1712,~~650~~219.8296 75,~~354~~458.6328 2517,~~005~~678.4524 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 ~~374~~253,~~830~~667.4237 ~~259~~193,~~496~~838.1419 ~~634~~447,~~326~~505.56 Realized Loss Amount 0.00 045,211.0032 045,211.0032 Cumulative Realized Loss 0.00 085,396.0007 085,396.0007 Percentage of Cumulative Losses 0.0000 0.~~0000~~0611 0.~~0000~~0253 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~871668~~865841 54.~~102047~~848011 5.~~530391~~376871

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