8-K 1 cwa02bc1_edgar0210.txt 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 25, 2002 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2002-BC1) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 155 N. Lake Avenue, Pasadena, CA 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWA Asset Backed Certificates Series 2002-BC1 On October 25, 2002, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2002-BC1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of January 1, 2002, among CWA as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWA, Asset Backed Certificates Series 2002-BC1 relating to the distribution date of October 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of January 1, 2002. SIGNATURES 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 thereunto duly authorized. Dated: October 25, 2002 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated October 25, 2002 Payment Date: 10/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC1 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior A ~~432~~422,~~702~~921,~~111~~013.8718 2.~~140000~~143750% 915,~~781~~293,~~098~~174.6992 ~~771~~755,~~652~~530.1077 1016,~~552~~048,~~750~~705.7969 0.00 0.00 AIO ~~460~~450,~~202~~421,~~111~~013.8718 4.~~626904~~613356% 0.00 1,~~774~~731,~~425~~627.8121 1,~~774~~731,~~425~~627.8121 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 8,750,000.00 2.~~760000~~763750% 0.00 20,~~125~~152.0034 20,~~125~~152.0034 0.00 0.00 M2 6,250,000.00 3.~~260000~~263750% 0.00 16,~~979~~998.1770 16,~~979~~998.1770 0.00 0.00 B1 2,500,000.00 3.~~760000~~763750% 0.00 7,~~833~~841.3315 7,~~833~~841.3315 0.00 0.00 B2 6,000,000.00 6.~~810000~~813750% 0.00 34,~~050~~068.0075 34,~~050~~068.0075 0.00 0.00 B3 2,000,000.00 6.~~810000~~813750% 0.00 11,~~350~~356.0025 11,~~350~~356.0025 0.00 0.00 B4 2,000,000.00 6.~~810000~~813750% 0.00 11,~~350~~356.0025 11,~~350~~356.0025 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~460~~450,~~202~~421,~~111~~013.8718 - 915,~~781~~293,~~098~~174.6992 2,~~647~~588,~~765~~931.4142 1217,~~428~~882,~~864~~106.1034 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A ~~422~~407,~~921~~627,~~013~~838.1826 0.00 AIO ~~450~~435,~~421~~127,~~013~~838.1826 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 8,750,000.00 0.00 M2 6,250,000.00 0.00 B1 2,500,000.00 0.00 B2 6,000,000.00 0.00 B3 2,000,000.00 0.00 B4 2,000,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~450~~435,~~421~~127,~~013~~838.1826 - --------------------------------------------------------------------------------

Payment Date: 10/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC1 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A ~~432~~422,~~702~~921,~~111~~013.8718 2.~~140000~~143750% 126671NS1 2032.~~700738~~366508 1.~~633126~~599007 ~~895~~862.~~070927~~704420 AIO ~~460~~450,~~202~~421,~~111~~013.8718 4.~~626904~~613356% 126671NW2 0.000000 3.~~548851~~463254 ~~900~~870.~~841846~~255502 Residual AR 0.00 0.000000% 126671NV4 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 8,750,000.00 2.~~760000~~763750% 126671NT9 0.000000 2.~~300000~~303125 1,000.000000 M2 6,250,000.00 3.~~260000~~263750% 126671NU6 0.000000 2.~~716667~~719792 1,000.000000 B1 2,500,000.00 3.~~760000~~763750% 126671NX0 0.000000 3.~~133333~~136458 1,000.000000 B2 6,000,000.00 6.~~810000~~813750% 126671NY8 0.000000 5.~~675000~~678125 1,000.000000 B3 2,000,000.00 6.~~810000~~813750% 126671NZ5 0.000000 5.~~675000~~678125 1,000.000000 B4 2,000,000.00 6.~~810000~~813750% 126671PA8 0.000000 5.~~675000~~678125 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~460~~450,~~202~~421,~~111~~013.8718 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 435,127,838.26 435,127,838.26 Loan count 3149 3149 Avg loan rate 8.576099% 8.58 Prepay amount 14,712,156.32 14,712,156.32 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 178,410.46 178,410.46 Sub servicer fees 0.00 0.00 Trustee fees 3,378.16 3,378.16 Agg advances N/A N/A Adv this period 440,852.43 440,852.43 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 10,000,002.00 10,000,002.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 93.894601% 100.000000% 422,921,013.18 ----------------------------------------------------------------------------- Junior 6.105399% 0.000000% 27,500,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 237 28,277,233.52 60 to 89 days 66 9,175,488.76 90 or more 25 2,419,688.25 Foreclosure 77 9,355,251.78 Totals: 405 49,227,662.31 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 589,993.72 Current Total Outstanding Number of Loans: 7 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 17,882,106.34 17,882,106.34 Principal remittance amount 15,293,174.92 15,293,174.92 Interest remittance amount 2,588,931.42 2,588,931.42

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