8-K 1 sam02ar3_dec.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 20, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-09 Pooling and Servicing Agreement) (Commission 90-0072848 (State or other File Number) 90-0076014 jurisdiction IRS EIN 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 December 20, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR3 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-AR3 Trust, relating to the December 20, 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-AR3 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: 12/22/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR3 Trust, relating to the December 20, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 911/30/042004 Distribution Date: 1012/1920/042004 ~~SAM~~Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Series: 2002-AR3 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 86358HNX3 SEN 2.~~14125~~46000% ~~404~~388,~~101~~389,~~547~~170.8762 ~~721~~796,~~068~~197.6979 8,~~738~~304,~~525~~852.6189 A-2 86358HNZ8 SEN 2.~~31125~~63000% 19,283,547.75 3742,~~140~~263.9211 0.00 R-I 86358HPA1 RES 3.48334% 0.00 0.00 0.00 R-II 86358HPB9 RES 3.48334% 0.00 0.00 0.00 B-1 86358HPE3 SUB 2.~~51125~~83000% 8,058,678.17 1619,~~864~~005.4605 0.00 B-2 86358HPF0 SUB 23.~~81125~~13000% 5,756,284.40 1315,~~485~~014.3031 0.00 B-3 86358HPG8 SUB 23.~~81125~~13000% 2,878,092.20 67,~~742~~507.5302 0.00 B-4 86358HPH6 SUB 3.~~23793~~48952% 1,726,895.32 45,~~659~~021.6469 0.00 B-5 86358HPJ2 SUB 3.~~23793~~48952% 1,151,296.88 3,~~106~~347.5289 0.00 B-6 86358HPK9 SUB 3.~~23793~~48952% 2,878,160.20 78,~~766~~369.0849 0.00 X 86358HNY1 SEN 1.~~06931~~00114% 0.00 ~~392~~354,~~151~~039.5836 0.00 Totals ~~445~~430,~~834~~122,~~502~~125.7954 1,~~202~~250,~~985~~765.7271 8,~~738~~304,~~525~~852.6189

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~395~~380,~~363~~084,~~022~~317.2673 9,~~459~~101,~~594~~050.3068 0.00 A-2 0.00 19,283,547.75 3742,~~140~~263.9211 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 8,058,678.17 1619,~~864~~005.4605 0.00 B-2 0.00 5,756,284.40 1315,~~485~~014.3031 0.00 B-3 0.00 2,878,092.20 67,~~742~~507.5302 0.00 B-4 0.00 1,726,895.32 45,~~659~~021.6469 0.00 B-5 0.00 1,151,296.88 3,~~106~~347.5289 0.00 B-6 0.00 2,878,160.20 78,~~766~~369.0849 0.00 X 0.00 0.00 ~~392~~354,~~151~~039.5836 0.00 Totals 0.00 ~~437~~421,~~095~~817,~~977~~272.1865 9,~~941~~555,~~511~~618.3360 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-1 533,894,100.00 ~~404~~388,~~101~~389,~~547~~170.8762 0.00 8,~~738~~304,~~525~~852.6189 0.00 0.00 A-2 19,283,600.00 19,283,547.75 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 B-1 8,058,700.00 8,058,678.17 0.00 0.00 0.00 0.00 B-2 5,756,300.00 5,756,284.40 0.00 0.00 0.00 0.00 B-3 2,878,100.00 2,878,092.20 0.00 0.00 0.00 0.00 B-4 1,726,900.00 1,726,895.32 0.00 0.00 0.00 0.00 B-5 1,151,300.00 1,151,296.88 0.00 0.00 0.00 0.00 B-6 2,878,168.00 2,878,160.20 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 575,627,268.00 ~~445~~430,~~834~~122,~~502~~125.7954 0.00 8,~~738~~304,~~525~~852.6189 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 8,~~738~~304,~~525~~852.6189 ~~395~~380,~~363~~084,~~022~~317.2673 0.~~74052705~~71190957 8,~~738~~304,~~525~~852.6189 A-2 0.00 19,283,547.75 0.99999729 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 0.00 8,058,678.17 0.99999729 0.00 B-2 0.00 5,756,284.40 0.99999729 0.00 B-3 0.00 2,878,092.20 0.99999729 0.00 B-4 0.00 1,726,895.32 0.99999729 0.00 B-5 0.00 1,151,296.88 0.99999729 0.00 B-6 0.00 2,878,160.20 0.99999729 0.00 X 0.00 0.00 0.00000000 0.00 Totals 8,~~738~~304,~~525~~852.6189 ~~437~~421,~~095~~817,~~977~~272.1865 0.~~75933855~~73279585 8,~~738~~304,~~525~~852.6189

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 533,894,100.00 ~~756~~727.~~89457492~~46481113 0.00000000 1615.~~36752609~~55524380 0.00000000 A-2 19,283,600.00 999.99729044 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 B-1 8,058,700.00 999.99729113 0.00000000 0.00000000 0.00000000 B-2 5,756,300.00 999.99728993 0.00000000 0.00000000 0.00000000 B-3 2,878,100.00 999.99728988 0.00000000 0.00000000 0.00000000 B-4 1,726,900.00 999.99728994 0.00000000 0.00000000 0.00000000 B-5 1,151,300.00 999.99729002 0.00000000 0.00000000 0.00000000 B-6 2,878,168.00 999.99728994 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 1615.~~36752609~~55524380 ~~740~~711.~~52704883~~90956733 0.~~74052705~~71190957 1615.~~36752609~~55524380 A-2 0.00000000 0.00000000 999.99729044 0.99999729 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 B-1 0.00000000 0.00000000 999.99729113 0.99999729 0.00000000 B-2 0.00000000 0.00000000 999.99728993 0.99999729 0.00000000 B-3 0.00000000 0.00000000 999.99728988 0.99999729 0.00000000 B-4 0.00000000 0.00000000 999.99728994 0.99999729 0.00000000 B-5 0.00000000 0.00000000 999.99729002 0.99999729 0.00000000 B-6 0.00000000 0.00000000 999.99728994 0.99999729 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-1 533,894,100.00 2.~~14125~~46000% ~~404~~388,~~101~~389,~~547~~170.8762 ~~721~~796,~~068~~197.7080 0.00 0.00 A-2 19,283,600.00 2.~~31125~~63000% 19,283,547.75 3742,~~140~~263.9211 0.00 0.00 R-I 50.00 3.48334% 0.00 0.00 0.00 0.00 R-II 50.00 3.48334% 0.00 0.00 0.00 0.00 B-1 8,058,700.00 2.~~51125~~83000% 8,058,678.17 1619,~~864~~005.4605 0.00 0.00 B-2 5,756,300.00 23.~~81125~~13000% 5,756,284.40 1315,~~485~~014.3031 0.00 0.00 B-3 2,878,100.00 23.~~81125~~13000% 2,878,092.20 67,~~742~~507.5302 0.00 0.00 B-4 1,726,900.00 3.~~23793~~48952% 1,726,895.32 45,~~659~~021.6469 0.00 0.00 B-5 1,151,300.00 3.~~23793~~48952% 1,151,296.88 3,~~106~~347.5289 0.00 0.00 B-6 2,878,168.00 3.~~23793~~48952% 2,878,160.20 78,~~766~~369.0849 0.00 0.00 X 0.00 1.~~06931~~00114% ~~440~~424,~~078~~365,~~150~~773.4015 ~~392~~354,~~151~~039.5836 0.00 0.00 Totals 575,627,268.00 1,~~202~~250,~~985~~765.7372 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 0.01 0.00 ~~721~~796,~~068~~197.6979 0.00 ~~395~~380,~~363~~084,~~022~~317.2673 A-2 0.00 0.00 3742,~~140~~263.9211 0.00 19,283,547.75 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 1619,~~864~~005.4605 0.00 8,058,678.17 B-2 0.00 0.00 1315,~~485~~014.3031 0.00 5,756,284.40 B-3 0.00 0.00 67,~~742~~507.5302 0.00 2,878,092.20 B-4 0.00 0.00 45,~~659~~021.6469 0.00 1,726,895.32 B-5 0.00 0.00 3,~~106~~347.5289 0.00 1,151,296.88 B-6 0.00 0.00 78,~~766~~369.0849 0.00 2,878,160.20 X 0.00 0.00 ~~392~~354,~~151~~039.5836 0.00 ~~431~~416,~~339~~060,~~624~~920.7926 Totals 0.01 0.00 1,~~202~~250,~~985~~765.7271 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-1 533,894,100.00 2.~~14125~~46000% ~~756~~727.~~89457492~~46481113 1.~~35058376~~49130286 0.00000000 0.00000000 A-2 19,283,600.00 2.~~31125~~63000% 999.99729044 12.~~92603663~~19166079 0.00000000 0.00000000 R-I 50.00 3.48334% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.48334% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,058,700.00 2.~~51125~~83000% 999.99729113 2.~~09270230~~35832703 0.00000000 0.00000000 B-2 5,756,300.00 23.~~81125~~13000% 999.99728993 2.~~34270278~~60832653 0.00000000 0.00000000 B-3 2,878,100.00 23.~~81125~~13000% 999.99728988 2.~~34270178~~60832494 0.00000000 0.00000000 B-4 1,726,900.00 3.~~23793~~48952% 999.99728994 2.~~69826857~~90792171 0.00000000 0.00000000 B-5 1,151,300.00 3.~~23793~~48952% 999.99729002 2.~~69827152~~90792148 0.00000000 0.00000000 B-6 2,878,168.00 3.~~23793~~48952% 999.99728994 2.~~69827196~~90792268 0.00000000 0.00000000 X 0.00 1.~~06931~~00114% ~~772~~744.~~24197204~~67014830 0.~~68814121~~62126250 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 0.00000002 0.00000000 1.~~35058374~~49130284 0.00000000 ~~740~~711.~~52704883~~90956733 A-2 0.00000000 0.00000000 12.~~92603663~~19166079 0.00000000 999.99729044 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.~~09270230~~35832703 0.00000000 999.99729113 B-2 0.00000000 0.00000000 2.~~34270278~~60832653 0.00000000 999.99728993 B-3 0.00000000 0.00000000 2.~~34270178~~60832494 0.00000000 999.99728988 B-4 0.00000000 0.00000000 2.~~69826857~~90792171 0.00000000 999.99728994 B-5 0.00000000 0.00000000 2.~~69827152~~90792148 0.00000000 999.99729002 B-6 0.00000000 0.00000000 2.~~69827196~~90792268 0.00000000 999.99728994 X 0.00000000 0.00000000 0.~~68814121~~62126250 0.00000000 ~~756~~730.~~90774960~~09692769 (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 109,~~067~~692,~~284~~200.4784 Liquidations, Insurance Proceeds, Reserve Funds 092.0065 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3335,~~519~~358.1323 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 109,~~100~~727,~~803~~651.6072 Withdrawals Reimbursement for Servicer Advances 1937,~~968~~619.9897 Payment of Service Fee ~~139~~134,~~323~~413.2915 Payment of Interest and Principal 9,~~941~~555,~~511~~618.3360 Total Withdrawals (Pool Distribution Amount) 109,~~100~~727,~~803~~651.6072 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7371,~~972~~724.6308 Additional Servicing Fee 6562,~~350~~689.6607 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~139~~134,~~323~~413.2915

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 01 0 12 ~~188~~187,~~000~~500.00 0303,133.0061 0.00 ~~188~~490,~~000~~633.0061 30 Days 2832 0 0 0 2832 87,~~550~~574,~~765~~325.4376 0.00 0.00 0.00 87,~~550~~574,~~765~~325.4376 60 Days 43 0 0 0 43 ~~742~~479,~~181~~009.5719 0.00 0.00 0.00 ~~742~~479,~~181~~009.5719 90 Days 12 0 0 0 12 ~~351~~1,~~500~~256,828.0012 0.00 0.00 0.00 ~~351~~1,~~500~~256,828.0012 120 Days 0 0 10 0 10 0.00 0.00 ~~706,309~~0.1800 0.00 ~~706,309~~0.1800 150 Days 1 0 0 1 0 1 0351,500.00 0.00 ~~382,100~~0.00 0.00 ~~382~~351,~~100~~500.00 180+ Days 0 1 3 01 45 0.00 92,999.34 ~~717~~1,~~118~~080,279.5557 0343,148.0016 ~~810~~1,~~117~~516,427.8907 Totals 3338 2 54 01 4045 9,~~644~~661,~~447~~663.0007 280,~~999~~499.34 1,~~805~~383,~~527~~413.7318 0343,148.0016 11,~~730~~668,~~974~~723.0775 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.~~063251~~065445% 0.~~000000~~065445% 0.000000% 0.~~063251~~130890% 0.~~043011~~044451% 0.~~000000~~071864% 0.000000% 0.~~043011~~116314% 30 Days 12.~~771031~~094241% 0.000000% 0.000000% 0.000000% 12.~~771031~~094241% 1.~~956267~~795641% 0.000000% 0.000000% 0.000000% 1.~~956267~~795641% 60 Days 0.~~253004~~196335% 0.000000% 0.000000% 0.000000% 0.~~253004~~196335% 0.~~169798~~113558% 0.000000% 0.000000% 0.000000% 0.~~169798~~113558% 90 Days 0.~~063251~~130890% 0.000000% 0.000000% 0.000000% 0.~~063251~~130890% 0.~~080417~~297955% 0.000000% 0.000000% 0.000000% 0.~~080417~~297955% 120 Days 0.000000% 0.000000% 0.~~063251~~000000% 0.000000% 0.~~063251~~000000% 0.000000% 0.000000% 0.~~161591~~000000% 0.000000% 0.~~161591~~000000% 150 Days 0.~~000000~~065445% 0.000000% 0.~~063251~~000000% 0.000000% 0.~~063251~~065445% 0.~~000000~~083330% 0.000000% 0.~~087418~~000000% 0.000000% 0.~~087418~~083330% 180+ Days 0.000000% 0.~~063251~~065445% 0.~~189753~~196335% 0.~~000000~~065445% 0.~~253004~~327225% 0.000000% 0.~~021277~~022047% 0.~~164064~~256101% 0.~~000000~~081350% 0.~~185341~~359498% Totals 2.~~087287~~486911% 0.~~126502~~130890% 0.~~316256~~261780% 0.~~000000~~065445% 2.~~530044~~945026% 2.~~206482~~290485% 0.~~064288~~066498% 0.~~413073~~327965% 0.~~000000~~081350% 2.~~683843~~766297%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3335,~~519~~358.1323

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~612934~~864259% Weighted Average Net Coupon 3.~~413831~~664156% Weighted Average Pass-Through Rate 3.~~237934~~489259% Weighted Average Maturity (Stepdown Calculation ) ~~278~~276 Beginning Scheduled Collateral Loan Count 1,~~607~~557 Number Of Loans Paid In Full 2629 Ending Scheduled Collateral Loan Count 1,~~581~~528 Beginning Scheduled Collateral Balance ~~445~~430,~~834~~122,~~503~~126.4217 Ending Scheduled Collateral Balance ~~437~~421,~~095~~817,~~977~~273.8128 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2004 ~~437~~421,~~096~~817,~~127~~399.1029 Monthly P &I Constant 1,~~342~~385,~~309~~086.0125 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 ~~437~~421,~~095~~817,~~977~~273.8128 Scheduled Principal 0.00 Unscheduled Principal 8,~~738~~304,~~525~~852.6189

Miscellaneous Reporting Senior Percentage 90.~~639362~~297417% Senior Prep Percentage 100.000000% Subordinate Percentage 9.~~360638~~702583% Subordinate Prep Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PASS THR CERT 2002-AR3