8-K 1 d101009.txt MORTGAGE ASSET SECURITIZATION TRANSACTIONS INC -------------------------------------------------------------------------------- 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 3, 2002 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. (AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT, DATED AS OF OCTOBER 1, 2002, PROVIDING FOR THE ISSUANCE OF MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2002-NC1) Mortgage Asset Securitization Transactions, Inc. ------------------------------------------------ (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- Delaware 333-75724 06-1204982 -------- --------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 1285 Avenue of the Americas New York, New York 10019 ------------------ ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 713-2000 ================================================================================ -2- Item 2. Acquisition or Disposition of Assets ------------------------------------ Description of the Certificates and the Mortgage Pool On October 29, 2002, a single series of certificates, entitled MASTR Asset Securitization Trust 2002-NC1, Mortgage Pass-Through Certificates, Series 2002-NC1 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of October 1, 2002 (the "Agreement"), attached hereto as Exhibit 4.1, among Mortgage Asset Securitization Transactions, Inc. as depositor (the "Depositor"), Ocwen Federal Bank FSB as master servicer (the "Master Servicer") and U.S. Bank National Association as trustee (the "Trustee"). The Certificates consist of ten classes of certificates (collectively, the "Certificates"), designated as the "Class A-1 Certificates", "Class A-2 Certificates", "Class S Certificates", "Class M-1 Certificates", "Class M-2 Certificates", "Class M-3 Certificates", "Class M-4 Certificates", "Class CE Certificates", "Class P Certificates" and "Class R Certificates". The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool of mortgage loans (the "Mortgage Pool'") of conventional, one- to four- family, adjustable rate and fixed rate, first lien mortgage loans having original terms to maturity up to 30 years (the "Mortgage Loans"). The Mortgage Pool consist of Mortgage Loans having an aggregate principal balance of $897,469,069 as of October 1, 2002 (the "Cut-off Date"). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated October 25, 2002, UBS Warburg Real Estate Securities Inc. ("UBSRES"), the Depositor and New Century Mortgage Corporation (the "Purchase Agreement"). The Class A-1 Certificates, the Class A-2 Certificates, the Class S Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates and the Class M-4 Certificates were sold by the Depositor to UBS Warburg LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated October 25, 2002 (the "Underwriting Agreement") between the Depositor and the Underwriter. -3- The Certificates have the following initial Certificate Balances and Pass-Through Rates:

The Certificates, other than the Class CE Certificates, the Class P Certificates and the Class R Certificates, and the Mortgage Loans are more particularly described in the Prospectus, dated October 25, 2002 and the Prospectus Supplement, dated October 25, 2002, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class CE Certificates, the Class P Certificates and the Class R Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement. -4- Item 7. Financial Statements and Exhibits --------------------------------- (a) Not applicable (b) Not applicable (c) Exhibits Exhibit No. Description ----------- ----------- 4.1 Pooling and Servicing Agreement, dated as of October 1, 2002, by and among Mortgage Asset Securitization Transactions, Inc. as depositor (the "Depositor"), Ocwen Federal Bank FSB as master servicer (the "Master Servicer") and U.S. Bank National Association as trustee (the "Trustee"), relating to the Series 2002-NC1 Certificates. 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 3, 2002 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By: /s/ Jeffrey B. Lown ------------------------ Name: Jeffrey B. Lown Title: By: /s/ Glenn McIntyre ------------------------ Name: Glenn McIntyre Title:

Exhibit 4.1

MORTGAGE ASSET SEC TRANS INC MORT PAS THR CERT SER 2002-NC1 8-K