8-K 1 cwa02bc3_8k0212.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): December 25, 2002 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2002-BC3) (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) , , N/A 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-BC3 On December 25, 2002, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2002-BC3, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of August 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-BC3 relating to the distribution date of December 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of August 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: December 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 December 25, 2002 Payment Date: 12/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------

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 ~~411~~404,~~447~~150,~~662~~609.9246 21.~~090000~~640000% 7,~~297~~387,~~053~~304.4639 ~~740~~570,~~491~~750.5047 87,~~037~~958,~~544~~054.9686 0.00 0.00 N 3534,~~000~~384,~~000~~902.0058 8.000000% ~~615~~2,~~097~~517,829.4228 ~~635~~229,~~337~~232.9568 12,~~250~~747,~~435~~061.3796 0.00 0.00 X ~~495~~489,~~202~~150,~~835~~610.6571 0.000000% 0.00 52.1039 52.1039 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 21.~~430000~~980000% 0.00 6049,~~159~~018.3875 6049,~~159~~018.3875 0.00 0.00 M2 27,500,000.00 2.~~980000~~530000% 0.00 7059,~~568~~911.0681 7059,~~568~~911.0681 0.00 0.00 B1 22,500,000.00 3.~~610000~~160000% 0.00 6961,~~943~~225.7500 6961,~~943~~225.7500 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~490~~482,~~197~~900,~~662~~609.9246 - 79,~~912~~905,~~150~~133.8867 1970,~~576,505~~141.7310 910,~~488~~875,~~656~~274.6277 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A ~~404~~396,~~150~~763,~~609~~305.4607 0.00 N 3431,~~384~~867,~~902~~073.5829 0.00 X ~~489~~481,~~150~~763,~~610~~306.7132 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 28,750,000.00 0.00 M2 27,500,000.00 0.00 B1 22,500,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~482~~475,~~900~~513,~~609~~305.4607 - --------------------------------------------------------------------------------

Payment Date: 12/25/02 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------

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 ~~411~~404,~~447~~150,~~662~~609.9246 21.~~090000~~640000% 126671RD0 17.~~322382~~536628 1.~~757843~~354897 ~~959~~941.~~407975~~871347 N 3534,~~000~~384,~~000~~902.0058 8.000000% 126671RL2 1771.~~574212~~937979 186.~~152513~~549505 ~~982~~910.~~425788~~487808 X ~~495~~489,~~202~~150,~~835~~610.6571 0.000000% 126671RK4 0.000000 0.~~000010~~000005 ~~978~~963.~~301026~~526420 Residual AR 0.00 0.000000% 126671RH1 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 28,750,000.00 21.~~430000~~980000% 126671RE8 0.000000 21.~~092500~~705000 1,000.000000 M2 27,500,000.00 2.~~980000~~530000% 126671RF5 0.000000 2.~~566111~~178611 1,000.000000 B1 22,500,000.00 3.~~610000~~160000% 126671RG3 0.000000 32.~~108611~~721111 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~490~~482,~~197~~900,~~662~~609.9246 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2002-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 481,763,306.32 481,763,306.32 Loan count 3670 3670 Avg loan rate 8.616672% 8.62 Prepay amount 7,037,591.43 7,037,591.43 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 194,397.37 194,397.37 Sub servicer fees 0.00 0.00 Trustee fees 3,668.63 3,668.63 Agg advances N/A N/A Adv this period 281,283.91 281,283.91 -------------------------------------------------------------------------------- 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 83.692296% 100.000000% 404,150,609.46 ----------------------------------------------------------------------------- Junior 16.307704% 0.000000% 78,750,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 190 23,127,950.40 60 to 89 days 60 7,361,631.13 90 or more 9 1,702,498.97 Foreclosure 15 1,657,315.12 Totals: 274 33,849,395.62 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 10,875,274.77 10,875,274.77 Principal remittance amount 9,905,133.67 9,905,133.67 Interest remittance amount 970,141.10 970,141.10

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