8-K 1 sam02ar5_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-AR5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-15 90-0073134 Pooling and Servicing Agreement) (Commission 90-0073140 (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 October 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR5 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-AR5 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-AR5 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: 10/19/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR5 Trust, relating to the October 19, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates, ~~Series 2002-AR5 Trust.~~ Record Date: 89/3130/~~2004~~04 Distribution Date: 910/2019/~~2004~~04 SAM Series: 2002-AR5 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 86358HRF8 SEN 2.~~05000~~26125% ~~308~~302,~~187~~540,~~799~~944.3254 ~~526~~570,~~487~~100.4861 58,~~646~~050,~~854~~034.7861 A-2 86358HRH4 SEN 2.~~40000~~61125% 15,400,000.00 3033,~~800~~511.0004 0.00 R-I 86358HRJ0 RES 0.00000% 0.00 0.00 0.00 R-II 86358HRK7 RES 0.00000% 0.00 0.0001 0.00 X 86358HRG6 SEN 10.~~04359~~89474% 0.00 ~~292~~246,~~020~~158.9692 0.00 B-1 86358HRL5 SUB 2.~~60000~~81125% 5,600,000.00 1213,~~133~~119.3317 0.00 B-2 86358HRM3 SUB 2.~~60000~~81125% 3,800,000.00 8,~~233~~902.3329 0.00 B-3 86358HRN1 SUB 2.~~60000~~81125% 2,800,000.00 6,~~066~~559.6758 0.00 B-4 86358HRP6 SUB 3.~~12963~~19264% 1,400,000.00 3,~~651~~724.2375 0.00 B-5 86358HRQ4 SUB 3.~~12963~~19264% 800,000.00 2,~~086~~128.4243 0.00 B-6 86358HRR2 SUB 3.~~12963~~19264% 2,200,000.00 5,~~737~~853.6518 0.00 Totals ~~340~~334,~~187~~540,~~799~~944.3254 ~~887~~890,~~217~~057.0798 58,~~646~~050,~~854~~034.7861

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~302~~294,~~540~~490,~~944~~909.5493 68,~~173~~620,~~342~~135.2622 0.00 A-2 0.00 15,400,000.00 3033,~~800~~511.0004 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0001 0.00 X 0.00 0.00 ~~292~~246,~~020~~158.9692 0.00 B-1 0.00 5,600,000.00 1213,~~133~~119.3317 0.00 B-2 0.00 3,800,000.00 8,~~233~~902.3329 0.00 B-3 0.00 2,800,000.00 6,~~066~~559.6758 0.00 B-4 0.00 1,400,000.00 3,~~651~~724.2375 0.00 B-5 0.00 800,000.00 2,~~086~~128.4243 0.00 B-6 0.00 2,200,000.00 5,~~737~~853.6518 0.00 Totals 0.00 ~~334~~326,~~540~~490,~~944~~909.5493 68,~~534~~940,~~071~~092.8559 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-1 368,000,000.00 ~~308~~302,~~187~~540,~~799~~944.3254 0.00 58,~~646~~050,~~854~~034.7861 0.00 0.00 A-2 15,400,000.00 15,400,000.00 0.00 0.00 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 X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 5,600,000.00 5,600,000.00 0.00 0.00 0.00 0.00 B-2 3,800,000.00 3,800,000.00 0.00 0.00 0.00 0.00 B-3 2,800,000.00 2,800,000.00 0.00 0.00 0.00 0.00 B-4 1,400,000.00 1,400,000.00 0.00 0.00 0.00 0.00 B-5 800,000.00 800,000.00 0.00 0.00 0.00 0.00 B-6 2,200,000.00 2,200,000.00 0.00 0.00 0.00 0.00 Totals 400,000,100.00 ~~340~~334,~~187~~540,~~799~~944.3254 0.00 58,~~646~~050,~~854~~034.7861 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 58,~~646~~050,~~854~~034.7861 ~~302~~294,~~540~~490,~~944~~909.5493 0.~~82212213~~80024704 58,~~646~~050,~~854~~034.7861 A-2 0.00 15,400,000.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 B-1 0.00 5,600,000.00 1.00000000 0.00 B-2 0.00 3,800,000.00 1.00000000 0.00 B-3 0.00 2,800,000.00 1.00000000 0.00 B-4 0.00 1,400,000.00 1.00000000 0.00 B-5 0.00 800,000.00 1.00000000 0.00 B-6 0.00 2,200,000.00 1.00000000 0.00 Totals 58,~~646~~050,~~854~~034.7861 ~~334~~326,~~540~~490,~~944~~909.5493 0.~~83635215~~81622707 58,~~646~~050,~~854~~034.7861

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 368,000,000.00 ~~837~~822.~~46684598~~12213190 0.00000000 1521.~~34471408~~87509405 0.00000000 A-2 15,400,000.00 1000.00000000 0.00000000 0.00000000 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 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,200,000.00 1000.00000000 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 1521.~~34471408~~87509405 ~~822~~800.~~12213190~~24703785 0.~~82212213~~80024704 1521.~~34471408~~87509405 A-2 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 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 368,000,000.00 2.~~05000~~26125% ~~308~~302,~~187~~540,~~799~~944.3254 ~~526~~570,~~487~~100.4959 0.00 0.00 A-2 15,400,000.00 2.~~40000~~61125% 15,400,000.00 3033,~~800~~511.0004 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 10.~~04359~~89474% ~~335~~330,~~787~~140,~~799~~944.3254 ~~292~~246,~~020~~158.9692 0.00 0.0001 B-1 5,600,000.00 2.~~60000~~81125% 5,600,000.00 1213,~~133~~119.3317 0.00 0.00 B-2 3,800,000.00 2.~~60000~~81125% 3,800,000.00 8,~~233~~902.3329 0.00 0.00 B-3 2,800,000.00 2.~~60000~~81125% 2,800,000.00 6,~~066~~559.6758 0.00 0.00 B-4 1,400,000.00 3.~~12963~~19264% 1,400,000.00 3,~~651~~724.2375 0.00 0.00 B-5 800,000.00 3.~~12963~~19264% 800,000.00 2,~~086~~128.4243 0.00 0.00 B-6 2,200,000.00 3.~~12963~~19264% 2,200,000.00 5,~~737~~853.6518 0.00 0.00 Totals 400,000,100.00 ~~887~~890,~~217~~057.0895 0.00 0.0001

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 (0.0102) 0.00 ~~526~~570,~~487~~100.4861 0.00 ~~302~~294,~~540~~490,~~944~~909.5493 A-2 0.00 0.00 3033,~~800~~511.0004 0.00 15,400,000.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.0001 0.00 0.00 X (0.0001) 0.00 ~~292~~246,~~020~~158.9692 0.0001 ~~330~~322,~~140~~090,~~944~~909.5493 B-1 0.00 0.00 1213,~~133~~119.3317 0.00 5,600,000.00 B-2 0.00 0.00 8,~~233~~902.3329 0.00 3,800,000.00 B-3 0.00 0.00 6,~~066~~559.6758 0.00 2,800,000.00 B-4 0.00 0.00 3,~~651~~724.2375 0.00 1,400,000.00 B-5 0.00 0.00 2,~~086~~128.4243 0.00 800,000.00 B-6 0.00 0.00 5,~~737~~853.6518 0.00 2,200,000.00 Totals (0.0103) 0.00 ~~887~~890,~~217~~057.0798 0.0001 (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-1 368,000,000.00 2.~~05000~~26125% ~~837~~822.~~46684598~~12213190 1.~~43067253~~54918639 0.00000000 0.00000000 A-2 15,400,000.00 2.~~40000~~61125% 1000.00000000 2.~~00000000~~17604156 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 10.~~04359~~89474% ~~848~~834.~~80636835~~53221572 0.~~73817230~~62224196 0.00000000 0.~~00000000~~00000003 B-1 5,600,000.00 2.~~60000~~81125% 1000.00000000 2.~~16666607~~34270893 0.00000000 0.00000000 B-2 3,800,000.00 2.~~60000~~81125% 1000.00000000 2.~~16666579~~34270789 0.00000000 0.00000000 B-3 2,800,000.00 2.~~60000~~81125% 1000.00000000 2.~~16666786~~34270714 0.00000000 0.00000000 B-4 1,400,000.00 3.~~12963~~19264% 1000.00000000 2.~~60802143~~66053571 0.00000000 0.00000000 B-5 800,000.00 3.~~12963~~19264% 1000.00000000 2.~~60802500~~66053750 0.00000000 0.00000000 B-6 2,200,000.00 3.~~12963~~19264% 1000.00000000 2.~~60802273~~66053636 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.~~00000003~~00000005) 0.00000000 1.~~43067250~~54918644 0.00000000 ~~822~~800.~~12213190~~24703785 A-2 0.00000000 0.00000000 2.~~00000000~~17604156 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.~~00000000~~20000000 0.00000000 0.00000000 X (0.~~00000000~~00000003) 0.00000000 0.~~73817230~~62224196 0.~~00000000~~00000003 ~~834~~814.~~53221572~~18329103 B-1 0.00000000 0.00000000 2.~~16666607~~34270893 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~16666579~~34270789 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~16666786~~34270714 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~60802143~~66053571 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~60802500~~66053750 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~60802273~~66053636 0.00000000 1000.00000000 (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 69,~~648~~033,~~934~~661.9208 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 819,~~178~~153.0964 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 69,~~657~~052,~~113~~814.0172 Withdrawals Reimbursement for Servicer Advances 168,~~732~~178.4609 Payment of Service Fee ~~106~~104,~~308~~544.7004 Payment of Interest and Principal 68,~~534~~940,~~071~~092.8559 Total Withdrawals (Pool Distribution Amount) 69,~~657~~052,~~113~~814.0172 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2019,~~122~~867.2969 Additional Servicing Fee 8684,~~186~~676.4135 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~106~~104,~~308~~544.7004

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 0141,650.00 0.00 0.00 0141,650.00 30 Days 819 0 0 0 819 15,~~468~~202,~~013~~186.2785 0.00 0.00 0.00 15,~~468~~202,~~013~~186.2785 60 Days 21 0 0 0 21 ~~508~~245,~~027~~089.0328 0.00 0.00 0.00 ~~508~~245,~~027~~089.0328 90 Days 1 0 0 0 1 ~~156~~96,~~000~~027.0003 0.00 0.00 0.00 ~~156~~96,~~000~~027.0003 120 Days 0 0 01 0 01 0.00 0.00 0156,000.00 0.00 0156,000.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 1 0 1 10 12 3325,541.48 0.00 225,954.71 ~~340,000~~0.00 ~~128~~551,~~800~~496.0019 ~~694,754.71~~ Totals 1122 1 12 10 1425 25,~~132~~868,~~040~~844.3064 ~~225~~141,~~954~~650.7100 ~~340~~381,~~000~~954.0071 ~~128,800~~0.00 26,~~826~~392,~~795~~449.0135 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~~090009% 0.000000% 0.000000% 0.~~000000~~090009% 0.~~000000~~043386% 0.000000% 0.000000% 0.~~000000~~043386% 30 Days 01.~~706090~~710171% 0.000000% 0.000000% 0.000000% 01.~~706090~~710171% 01.~~438815~~593360% 0.000000% 0.000000% 0.000000% 01.~~438815~~593360% 60 Days 0.~~176523~~090009% 0.000000% 0.000000% 0.000000% 0.~~176523~~090009% 0.~~151858~~075068% 0.000000% 0.000000% 0.000000% 0.~~151858~~075068% 90 Days 0.~~088261~~090009% 0.000000% 0.000000% 0.000000% 0.~~088261~~090009% 0.~~046631~~029412% 0.000000% 0.000000% 0.000000% 0.~~046631~~029412% 120 Days 0.000000% 0.000000% 0.~~000000~~090009% 0.000000% 0.~~000000~~090009% 0.000000% 0.000000% 0.~~000000~~047781% 0.000000% 0.~~000000~~047781% 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~~090009% 0.~~088261~~000000% 0.~~088261~~090009% 0.~~088261~~000000% 0.~~264784~~180018% 0.~~000000~~099709% 0.~~067542~~000000% 0.~~101632~~069207% 0.~~038501~~000000% 0.~~207674~~168916% Totals 01.~~970874~~980198% 0.~~088261~~090009% 0.~~088261~~180018% 0.~~088261~~000000% 12.~~235658~~250225% 01.~~637304~~797549% 0.~~067542~~043386% 0.~~101632~~116988% 0.~~038501~~000000% 01.~~844978~~957922%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 819,~~178~~153.0964

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~504626~~567642% Weighted Average Net Coupon 3.~~433645~~496377% Weighted Average Pass-Through Rate 3.~~129626~~192642% Weighted Average Maturity(Stepdown Calculation ) ~~295~~294 Beginning Scheduled Collateral Loan Count 1,~~152~~133 Number Of Loans Paid In Full 1922 Ending Scheduled Collateral Loan Count 1,~~133~~111 Beginning Scheduled Collateral Balance ~~340~~334,~~187~~540,~~799~~944.3254 Ending Scheduled Collateral Balance ~~334~~326,~~540~~490,~~944~~909.5493 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2004 ~~334~~326,~~540~~491,~~697~~515.8998 Monthly P &I Constant ~~993~~994,~~525~~602.7773 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 ~~334~~326,~~540~~490,~~944~~909.5493 Scheduled Principal 0.00 Unscheduled Principal 58,~~646~~050,~~854~~034.7861

Miscellaneous Reporting Average Loss Severity for Prior Month 0.00 Senior Percentage 90.~~593431~~434654% Senior Prepayment Percentage 100.000000% Subordinate Percentage 9.~~406569~~565346% Subordinate Prepayment Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PS THR CERT SER 2002-AR5