8-K 1 sam02ar2_oct.txt OCT. 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): October 19, 2004 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 90-0175053 of Incorporation) IRS EIN 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 October 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR2 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-AR2 Trust, relating to the October 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 10/19/04 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 October 19, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates, ~~Series 2002-AR2 Trust.~~ Record Date: 89/3130/~~2004~~04 Distribution Date: 910/2019/~~2004~~04 SAM Series: 2002-AR2 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-1 86358HNH8 SEN 12.~~95000~~16125% ~~175~~171,~~505~~352,~~048~~512.7470 ~~285~~308,~~195~~613.7104 42,~~152~~498,~~536~~790.0472 A-2 86358HNK1 SEN 23.~~80244~~10307% 3130,~~105~~784,~~617~~000.1028 7279,~~643~~604.0120 ~~321~~212,~~616~~283.8248 R-I 86358HNL9 RES 3.~~59555~~59502% 0.00 0.00 0.00 R-II 86358HNM7 RES 3.~~59555~~59502% 0.00 0.00 0.00 R-III 86358HNS4 RES 3.~~59555~~59502% 0.00 0.00 0.00 R-IV 86358HNT2 RES 3.~~59555~~59502% 0.00 0.00 0.00 A-3 86358HNR6 SEN 2.~~10000~~31125% 9,929,755.38 1719,~~377~~125.0712 0.00 B-1 86358HNN5 SUB 2.~~30000~~51125% 4,124,781.46 78,~~905~~631.8397 0.00 B-2 86358HNP0 SUB 2.~~60000~~81125% 2,902,486.96 6,~~288~~799.7268 0.00 B-3 86358HNQ8 SUB 2.~~60000~~81125% 1,833,291.76 34,~~972~~294.1387 0.00 B-4 86358HNU9 SUB 3.~~03049~~17820% 1,069,395.19 2,~~700~~832.6629 0.00 B-5 86358HNV7 SUB 3.~~03049~~17820% 610,997.25 1,~~543~~618.0222 0.00 B-6 86358HNW5 SUB 3.~~03049~~17820% 1,680,541.45 4,~~244~~450.0691 0.00 X 86358HNJ4 SEN 10.~~08967~~99852% 0.00 ~~176~~158,~~431~~217.9423 0.00 Totals ~~228~~224,~~761~~287,~~915~~762.2943 ~~578~~594,~~302~~187.1553 42,~~474~~711,~~152~~074.8620

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~171~~168,~~352~~853,~~512~~721.7098 42,~~437~~807,~~731~~403.7576 0.00 A-2 0.00 30,~~784~~571,~~000~~716.2880 ~~394~~291,~~259~~887.8368 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 A-3 0.00 9,929,755.38 1719,~~377~~125.0712 0.00 B-1 0.00 4,124,781.46 78,~~905~~631.8397 0.00 B-2 0.00 2,902,486.96 6,~~288~~799.7268 0.00 B-3 0.00 1,833,291.76 34,~~972~~294.1387 0.00 B-4 0.00 1,069,395.19 2,~~700~~832.6629 0.00 B-5 0.00 610,997.25 1,~~543~~618.0222 0.00 B-6 0.00 1,680,541.45 4,~~244~~450.0691 0.00 X 0.00 0.00 ~~176~~158,~~431~~217.9423 0.00 Totals 0.00 ~~224~~221,~~287~~576,~~762~~688.4323 53,~~052~~305,~~455~~261.0173 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-1 237,188,200.00 ~~175~~171,~~505~~352,~~048~~512.7470 0.00 42,~~152~~498,~~536~~790.0472 0.00 0.00 A-2 46,194,500.00 3130,~~105~~784,~~617~~000.1028 0.00 ~~321~~212,~~616~~283.8248 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 A-3 9,929,800.00 9,929,755.38 0.00 0.00 0.00 0.00 B-1 4,124,800.00 4,124,781.46 0.00 0.00 0.00 0.00 B-2 2,902,500.00 2,902,486.96 0.00 0.00 0.00 0.00 B-3 1,833,300.00 1,833,291.76 0.00 0.00 0.00 0.00 B-4 1,069,400.00 1,069,395.19 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 1,680,549.00 1,680,541.45 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 305,534,249.00 ~~228~~224,~~761~~287,~~915~~762.2943 0.00 42,~~474~~711,~~152~~074.8620 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 42,~~152~~498,~~536~~790.0472 ~~171~~168,~~352~~853,~~512~~721.7098 0.~~72243270~~71189765 42,~~152~~498,~~536~~790.0472 A-2 ~~321~~212,~~616~~283.8248 30,~~784~~571,~~000~~716.2880 0.~~66639969~~66180426 ~~321~~212,~~616~~283.8248 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-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 4,124,781.46 0.99999551 0.00 B-2 0.00 2,902,486.96 0.99999551 0.00 B-3 0.00 1,833,291.76 0.99999551 0.00 B-4 0.00 1,069,395.19 0.99999550 0.00 B-5 0.00 610,997.25 0.99999550 0.00 B-6 0.00 1,680,541.45 0.99999551 0.00 X 0.00 0.00 0.00000000 0.00 Totals 42,~~474~~711,~~152~~074.8620 ~~224~~221,~~287~~576,~~762~~688.4323 0.~~73408387~~72521064 42,~~474~~711,~~152~~074.8620

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 237,188,200.00 ~~739~~722.~~94005073~~43270407 0.00000000 1710.~~50734666~~53505495 0.00000000 A-2 46,194,500.00 ~~673~~666.~~36191754~~39968568 0.00000000 64.~~96223187~~59542759 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 R-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 4,124,800.00 999.99550524 0.00000000 0.00000000 0.00000000 B-2 2,902,500.00 999.99550732 0.00000000 0.00000000 0.00000000 B-3 1,833,300.00 999.99550537 0.00000000 0.00000000 0.00000000 B-4 1,069,400.00 999.99550215 0.00000000 0.00000000 0.00000000 B-5 611,000.00 999.99549918 0.00000000 0.00000000 0.00000000 B-6 1,680,549.00 999.99550742 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 1710.~~50734666~~53505495 ~~722~~711.~~43270407~~89764912 0.~~72243270~~71189765 1710.~~50734666~~53505495 A-2 0.00000000 64.~~96223187~~59542759 ~~666~~661.~~39968568~~80425808 0.~~66639969~~66180426 64.~~96223187~~59542759 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-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 999.99550646 0.99999551 0.00000000 B-1 0.00000000 0.00000000 999.99550524 0.99999551 0.00000000 B-2 0.00000000 0.00000000 999.99550732 0.99999551 0.00000000 B-3 0.00000000 0.00000000 999.99550537 0.99999551 0.00000000 B-4 0.00000000 0.00000000 999.99550215 0.99999550 0.00000000 B-5 0.00000000 0.00000000 999.99549918 0.99999550 0.00000000 B-6 0.00000000 0.00000000 999.99550742 0.99999551 0.00000000 X 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-1 237,188,200.00 12.~~95000~~16125% ~~175~~171,~~505~~352,~~048~~512.7470 ~~285~~308,~~195~~613.7002 0.00 0.00 A-2 46,194,500.00 23.~~80244~~10307% 3130,~~105~~784,~~617~~000.1028 7279,~~643~~604.0120 0.00 0.00 R-I 50.00 3.~~59555~~59502% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~59555~~59502% 0.00 0.00 0.00 0.00 R-III 50.00 3.~~59555~~59502% 0.00 0.00 0.00 0.00 R-IV 50.00 3.~~59555~~59502% 0.00 0.00 0.00 0.00 A-3 9,929,800.00 2.~~10000~~31125% 9,929,755.38 1719,~~377~~125.0712 0.00 0.00 B-1 4,124,800.00 2.~~30000~~51125% 4,124,781.46 78,~~905~~631.8396 0.00 0.00 B-2 2,902,500.00 2.~~60000~~81125% 2,902,486.96 6,~~288~~799.7268 0.00 0.00 B-3 1,833,300.00 2.~~60000~~81125% 1,833,291.76 34,~~972~~294.1387 0.00 0.00 B-4 1,069,400.00 3.~~03049~~17820% 1,069,395.19 2,~~700~~832.6629 0.00 0.00 B-5 611,000.00 3.~~03049~~17820% 610,997.25 1,~~543~~618.0222 0.00 0.00 B-6 1,680,549.00 3.~~03049~~17820% 1,680,541.45 4,~~244~~450.0691 0.00 0.00 X 0.00 10.~~08967~~99852% ~~194~~190,~~295~~142,~~364~~828.2925 ~~176~~158,~~431~~217.9423 0.00 0.00 Totals 305,534,249.00 ~~578~~594,~~302~~187.1450 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 (0.0103) 0.00 ~~285~~308,~~195~~613.7104 0.00 ~~171~~168,~~352~~853,~~512~~721.7098 A-2 0.00 0.00 7279,~~643~~604.0120 0.00 30,~~784~~571,~~000~~716.2880 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 A-3 0.00 0.00 1719,~~377~~125.0712 0.00 9,929,755.38 B-1 0.00 0.00 78,~~905~~631.8397 0.00 4,124,781.46 B-2 0.00 0.00 6,~~288~~799.7268 0.00 2,902,486.96 B-3 0.00 0.00 34,~~972~~294.1387 0.00 1,833,291.76 B-4 0.00 0.00 2,~~700~~832.6629 0.00 1,069,395.19 B-5 0.00 0.00 1,~~543~~618.0222 0.00 610,997.25 B-6 0.00 0.00 4,~~244~~450.0691 0.00 1,680,541.45 X 0.00 0.00 ~~176~~158,~~431~~217.9423 0.00 ~~190~~187,~~142~~644,~~828~~037.2553 Totals (0.0103) 0.00 ~~578~~594,~~302~~187.1553 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-1 237,188,200.00 12.~~95000~~16125% ~~739~~722.~~94005073~~43270407 1.~~20240256~~30113142 0.00000000 0.00000000 A-2 46,194,500.00 23.~~80244~~10307% ~~673~~666.~~36191754~~39968568 1.~~57254673~~72323978 0.00000000 0.00000000 R-I 50.00 3.~~59555~~59502% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~59555~~59502% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.~~59555~~59502% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 3.~~59555~~59502% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 9,929,800.00 2.~~10000~~31125% 999.99550646 1.~~74999194~~92603275 0.00000000 0.00000000 B-1 4,124,800.00 2.~~30000~~51125% 999.99550524 12.~~91665778~~09269783 0.00000000 0.00000000 B-2 2,902,500.00 2.~~60000~~81125% 999.99550732 2.~~16665633~~34269767 0.00000000 0.00000000 B-3 1,833,300.00 2.~~60000~~81125% 999.99550537 2.~~16665576~~34269896 0.00000000 0.00000000 B-4 1,069,400.00 3.~~03049~~17820% 999.99550215 2.~~52539742~~64848513 0.00000000 0.00000000 B-5 611,000.00 3.~~03049~~17820% 999.99549918 2.~~52540098~~64847791 0.00000000 0.00000000 B-6 1,680,549.00 3.~~03049~~17820% 999.99550742 2.~~52540093~~64848570 0.00000000 0.00000000 X 0.00 10.~~08967~~99852% ~~759~~742.~~02971690~~80751692 0.~~68924488~~61808772 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.~~00000004~~00000013) 0.00000000 1.~~20240261~~30113151 0.00000000 ~~722~~711.~~43270407~~89764912 A-2 0.00000000 0.00000000 1.~~57254673~~72323978 0.00000000 ~~666~~661.~~39968568~~80425808 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-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.~~74999194~~92603275 0.00000000 999.99550646 B-1 0.00000000 0.00000000 12.~~91665778~~09270025 0.00000000 999.99550524 B-2 0.00000000 0.00000000 2.~~16665633~~34269767 0.00000000 999.99550732 B-3 0.00000000 0.00000000 2.~~16665576~~34269896 0.00000000 999.99550537 B-4 0.00000000 0.00000000 2.~~52539742~~64848513 0.00000000 999.99550215 B-5 0.00000000 0.00000000 2.~~52540098~~64847791 0.00000000 999.99549918 B-6 0.00000000 0.00000000 2.~~52540093~~64848570 0.00000000 999.99550742 X 0.00000000 0.00000000 0.~~68924488~~61808772 0.00000000 ~~742~~733.~~80751692~~04579965 (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 53,~~125~~375,~~857~~363.1943 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,~~754~~742.5473 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 53,~~130~~380,~~611~~106.7316 Withdrawals Reimbursement for Servicer Advances 64,~~668~~754.6354 Payment of Service Fee 7170,~~488~~089.0989 Payment of Interest and Principal 53,~~052~~305,~~455~~261.0173 Total Withdrawals (Pool Distribution Amount) 53,~~130~~380,~~611~~106.7316 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7170,~~488~~089.0989 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7170,~~488~~089.0989

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 1 114,400.00 0.00 0.00 114,400.00 30 Days 1 0 1 0 2 84253,~~585~~500.8500 0.00 319,991.08 0.00 ~~404~~573,~~576~~491.9308 60 Days 1 0 0 0 1 117,500.00 0.00 0.00 0.00 117,500.00 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 10 0 10 0.00 0.00 ~~532,000~~0.00 0.00 ~~532,000~~0.00 180+ Days 0 1 1 1 3 0.00 364,000.00 ~~308~~532,~~750~~000.00 144,000.40 ~~816~~1,~~750~~040,000.40 Totals 2 2 32 1 87 ~~202~~371,~~085~~000.8500 478,400.00 1851,~~160,741~~991.08 144,000.40 1,~~985~~845,~~227~~391.3348 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.~~149031~~151515% 0.000000% 0.000000% 0.~~149031~~151515% 0.~~051006~~051630% 0.000000% 0.000000% 0.~~051006~~051630% 30 Days 0.~~149031~~151515% 0.000000% 0.~~149031~~151515% 0.000000% 0.~~298063~~303030% 0.~~037713~~114407% 0.000000% 0.~~142670~~144416% 0.000000% 0.~~180383~~258823% 60 Days 0.~~149031~~151515% 0.000000% 0.000000% 0.000000% 0.~~149031~~151515% 0.~~052388~~053029% 0.000000% 0.000000% 0.000000% 0.~~052388~~053029% 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.~~149031~~000000% 0.000000% 0.~~149031~~000000% 0.000000% 0.000000% 0.~~237195~~000000% 0.000000% 0.~~237195~~000000% 180+ Days 0.000000% 0.~~149031~~151515% 0.~~149031~~151515% 0.~~149031~~151515% 0.~~447094~~454545% 0.000000% 0.~~162292~~164277% 0.~~137658~~240097% 0.~~064203~~064989% 0.~~364153~~469364% Totals 0.~~298063~~303030% 0.~~298063~~303030% 0.~~447094~~303030% 0.~~149031~~151515% 1.~~192250~~060606% 0.~~090101~~167436% 0.~~213297~~215907% 0.~~517523~~384513% 0.~~064203~~064989% 0.~~885125~~832846%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 1 114,400.00 0.00 0.00 114,400.00 30 Days 01 0 0 0 01 0253,500.00 0.00 0.00 0.00 0253,500.00 60 Days 1 0 0 0 1 117,500.00 0.00 0.00 0.00 117,500.00 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 10 0 10 0.00 0.00 ~~532,000~~0.00 0.00 ~~532,000~~0.00 180 Days 0 1 1 1 3 0.00 364,000.00 ~~308~~532,~~750~~000.00 144,000.40 ~~816~~1,~~750~~040,000.40 Totals 1 2 2 1 1 6 ~~117~~371,~~500~~000.00 478,400.00 ~~840~~532,~~750~~000.00 144,000.40 1,~~580~~525,~~650~~400.40 0-29 Days 0.~~181159~~184162% 0.000000% 0.000000% 0.~~181159~~184162% 0.~~060245~~061048% 0.000000% 0.000000% 0.~~060245~~061048% 30 Days 0.184162% 0.000000% 0.000000% 0.000000% 0.184162% 0.135276% 0.000000% 0.000000% 0.000000% 0.135276% 60 Days 0.184162% 0.000000% 0.000000% 0.000000% 0.184162% 0.062702% 0.000000% 0.000000% 0.000000% 0.062702% 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% 0.184162% 0.184162% 0.184162% 0.552486% 0.000000% 0.194243% 0.283894% 0.076844% 0.554981% Totals 0.368324% 0.368324% 0.184162% 0.184162% 1.104972% 0.197979% 0.255291% 0.283894% 0.076844% 0.814007% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 1 0 1 0.00 0.00 319,991.08 0.00 319,991.08 60 Days 0 0 0 0 0 0.~~181159~~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 0 0 1 0 1 0.00 0.00 319,991.08 0.00 319,991.08 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.~~181159~~000000% 0.~~061877~~000000% 0.000000% 0.000000% 30 Days 0.000000% 0.~~061877~~000000% 0.854701% 0.000000% 0.854701% 0.000000% 0.000000% 0.936120% 0.000000% 0.936120% 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.~~181159~~000000% 0.000000% 0.~~181159~~000000% 0.000000% 0.000000% 0.~~280158~~000000% 0.000000% 0.~~280158~~000000% 180 Days 0.000000% 0.~~181159~~000000% 0.~~181159~~000000% 0.~~181159~~000000% 0.~~543478~~000000% 0.000000% 0.~~191687~~000000% 0.~~162592~~000000% 0.~~075832~~000000% 0.~~430111~~000000% Totals 0.~~181159~~000000% 0.~~362319~~000000% 0.~~362319~~854701% 0.~~181159~~000000% 10.~~086957~~854701% 0.~~061877~~000000% 0.~~251932~~000000% 0.~~442750~~936120% 0.~~075832~~000000% 0.~~832391~~936120%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Class ~~Group~~A IIInsufficient NoFunds ~~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 0 0 0 0~~.00 ~~0.00~~Principal ~~0.00~~Balance ~~0.00~~of 30Contaminated ~~Days~~Properties 1 0 ~~1 0 2 84,585~~.~~85 0.~~00 ~~319,991.08~~Periodic ~~0.00~~Advance ~~404~~4,~~576~~742.93 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 0 1 0 2 84,585.85 0.00 319,991.08 0.00 404,576.93 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.840336% 0.000000% 0.840336% 0.000000% 1.680672% 0.245925% 0.000000% 0.930343% 0.000000% 1.176268% 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 0.840336% 0.000000% 0.840336% 0.000000% 1.680672% 0.245925% 0.000000% 0.930343% 0.000000% 1.176268%73

~~OTHER~~COLLATERAL ~~INFORMATION~~STATEMENT ~~Current~~Collateral ~~Period~~Description ~~Class~~Mixed AARM ~~Insufficient~~Weighted ~~Funds~~Average Gross Coupon 3.554063% Weighted Average Net Coupon 3.179064% Weighted Average Pass-Through Rate 3.179063% Weighted Average Maturity(Stepdown Calculation ) 273 Beginning Scheduled Collateral Loan Count 671 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 660 Beginning Scheduled Collateral Balance 224,287,762.43 Ending Scheduled Collateral Balance 221,576,688.23 Ending Actual Collateral Balance at 30-Sep-2004 221,576,682.08 Monthly P &I Constant 664,277.43 Special Servicing Fee 0.00 ~~Principal~~Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance offor ~~Contaminated~~Premium ~~Properties~~Loans 221,576,688.23 Scheduled Principal 0.00 ~~Periodic~~Unscheduled ~~Advance~~Principal 42,~~754~~711,074.5420

~~COLLATERAL~~Miscellaneous ~~STATEMENT~~Reporting ~~Collateral~~Senior ~~Description~~Percentage ~~Mixed~~Group ~~ARM~~I ~~Weighted Average Gross Coupon 3~~90.~~408558~~236449% ~~Weighted~~Senior ~~Average~~Percentage ~~Net~~Group ~~Coupon~~II 389.~~033558~~501458% ~~Weighted~~Senior ~~Average~~Prep ~~Pass-Through~~Percentage ~~Rate~~Group 3I 100.~~033558~~000000% ~~Weighted~~Senior ~~Average~~Prep ~~Maturity(Stepdown~~Percentage ~~Calculation~~Group )II ~~274 Beginning Scheduled Collateral Loan Count 685 Number Of Loans Paid In Full 14 Ending Scheduled Collateral Loan Count 671 Beginning Scheduled Collateral Balance 228,761,915~~100.29000000% ~~Ending~~Subordinate ~~Scheduled~~Percentage ~~Collateral~~Group ~~Balance 224,287,762.43 Ending Actual Collateral Balance at 31-Aug-2004 224,287,756.57 Monthly P &~~I ~~Constant 649,790~~9.24763551% ~~Special~~Subordinate ~~Servicing~~Percentage ~~Fee~~Group ~~0.00~~II ~~Prepayment Penalties 0~~10.00498542% ~~Realized~~Subordinate ~~Loss~~Prep ~~Amount~~Percentage ~~0.00~~Group ~~Cumulative~~I ~~Realized Loss~~ 0.00000000% ~~Ending~~Subordinate ~~Scheduled~~Prep ~~Balance~~Percentage ~~for~~Group ~~Premium~~II ~~Loans 224,287,762.43 Scheduled Principal~~ 0.~~00 Unscheduled Principal 4,474,152.86~~000000%

~~Miscellaneous~~Group ~~Reporting~~Level ~~Senior~~Collateral ~~Percentage~~Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.567827 3.478074 3.554063 Weighted Average Net Rate 3.192827 3.103075 3.179064 Weighted Average Maturity 273 275 273 Beginning Loan Count 552 119 671 Loans Paid In Full 9 2 11 Ending Loan Count 543 117 660 Beginning Scheduled Balance 189,892,791.53 34,394,970.90 224,287,762.~~445388%~~43 ~~Senior~~Ending ~~Percentage~~scheduled ~~Group~~Balance II187,394,000.81 8934,182,687.~~598717%~~42 ~~Senior~~221,576,688.23 ~~Prep~~Record ~~Percentage~~Date ~~Group~~09/30/2004 I09/30/2004 ~~100~~09/30/2004 Principal And Interest Constant 564,587.~~000000%~~21 ~~Senior~~99,690.22 ~~Prep~~664,277.43 ~~Percentage~~Scheduled ~~Group~~Principal II0.00 ~~100~~0.~~000000%~~00 ~~Subordinate~~0.00 ~~Percentage~~Unscheduled ~~Group~~Principal I2,498,790.72 9212,283.~~554612%~~48 ~~Subordinate~~2,711,074.20 ~~Percentage~~Scheduled ~~Group~~Interest II564,587.21 99,690.22 664,277.43 Servicing Fees 59,341.47 10,748.~~401283%~~42 ~~Subordinate~~70,089.89 ~~Prep~~Master ~~Percentage~~Servicing ~~Group~~Fees I0.00 0.~~000000%~~00 ~~Subordinate~~0.00 ~~Prep~~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 0.00 0.00 0.00 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 505,245.74 88,941.80 594,187.54 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage ~~Group~~of IICumulative Losses 0.~~000000%~~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 3.192827 3.103074 3.179063

Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.449908 3.177439 3.408558 Weighted Average Net Rate 3.074908 2.802440 3.033558 Weighted Average Maturity 274 276 274 Beginning Loan Count 565 120 685 Loans Paid In Full 13 1 14 Ending Loan Count 552 119 671 Beginning Scheduled Balance 194,045,327.57 34,716,587.72 228,761,915.29 Ending scheduled Balance 189,892,791.53 34,394,970.90 224,287,762.43 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 557,865.36 91,924.88 649,790.24 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,152,536.04 321,616.82 4,474,152.86 Scheduled Interest 557,865.36 91,924.88 649,790.24 Servicing Fees 60,639.16 10,848.93 71,488.09 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 0.00 0.00 0.00 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 497,226.20 81,075.95 578,302.15 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 3.074908 2.802439 3.033558

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