8-K 1 e16004_8k.txt FORM 8-K 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: September 30, 2003 CIT HOME EQUITY LOAN TRUST 2002-2 (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) (Commission File Number) 333-65554 (IRS Employer Identification No.) c/o The CIT Group/Consumer Finance, Inc. 1 CIT Drive Livingston, New Jersey 07039-0491 Registrants' telephone number, including area code: (973) 740-5000 N/A (Former name or former address, if changed since last report) Item 5. Other Events CIT HOME EQUITY LOAN TRUST 2002-2 MONTHLY SERVICE REPORT COLLECTION PERIOD: 30-Sep-03 PAYMENT DATE: 27-Oct-03 DETERMINATION DATE: 22-Oct-03 The monthly distributions were made to holders of asset backed notes issued by CIT Home Equity Loan Trust 2002-2on: October 27, 2003 Item 7. Financial Statements and Exhibits (c.) Exhibits. The following are filed herewith. The exhibit numbers correspond with Item 601(b) of Regulation S-K. Exhibit No. 20.1 Monthly Servicer Report SIGNATURE 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. CIT Home Equity Loan Trust 2002-2 By: JPMorgan Chase Bank, as Trustee By: /s/ Kevin Crombie ----------------- Name: Kevin Crombie Title: Assistant Vice President/Relationship Manager Dated: October 27, 2003

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II GEOGRAPHIC DISTRIBUTION OF MORTGAGED PROPERTIES PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE STATE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS California 128 28,180,436 11.76% 7.485% 220,160 79.81% 84.23% 99.19% Ohio 284 24,925,527 10.41% 7.930% 87,766 81.06% 92.26% 93.20% Colorado 134 23,198,761 9.69% 7.493% 173,125 82.22% 85.29% 99.14% Texas 143 17,163,578 7.17% 8.296% 120,025 78.94% 72.16% 90.01% North Carolina 205 15,793,690 6.59% 8.509% 77,042 80.25% 92.41% 96.79% Washington 80 11,988,303 5.00% 8.227% 149,854 80.23% 75.75% 96.78% Florida 132 11,337,704 4.73% 8.444% 85,892 81.80% 89.73% 97.72% Michigan 108 9,517,515 3.97% 8.089% 88,125 81.00% 94.00% 95.70% Illinois 59 7,907,444 3.30% 7.936% 134,024 80.12% 89.21% 90.59% Pennsylvania 94 7,577,439 3.16% 8.281% 80,611 80.17% 87.82% 88.12% Indiana 97 7,451,686 3.11% 7.907% 76,822 80.88% 95.86% 96.79% Maryland 45 6,166,633 2.57% 7.813% 137,036 80.34% 89.27% 100.00% Tennessee 71 5,758,524 2.40% 8.354% 81,106 79.95% 99.32% 97.31% Utah 31 5,448,834 2.27% 8.431% 175,769 82.24% 75.44% 98.89% Arizona 52 5,443,132 2.27% 8.310% 104,676 81.77% 85.19% 95.56% Virginia 49 5,201,285 2.17% 7.835% 106,149 82.63% 100.00% 98.80% Georgia 56 5,061,322 2.11% 8.226% 90,381 81.29% 88.13% 91.42% Oregon 32 4,884,668 2.04% 7.910% 152,646 82.53% 81.63% 94.94% Nevada 33 4,345,985 1.81% 8.425% 131,697 81.91% 78.05% 93.96% Kentucky 60 4,144,187 1.73% 8.397% 69,070 81.26% 86.07% 92.22% Oklahoma 51 3,939,053 1.64% 8.467% 77,236 81.02% 88.68% 97.00% Missouri 46 3,623,361 1.51% 8.502% 78,769 79.72% 91.77% 94.20% New York 17 3,331,397 1.39% 7.822% 195,965 77.25% 64.15% 94.87% South Carolina 39 2,900,563 1.21% 8.392% 74,373 79.79% 88.87% 100.00% New Jersery 27 2,677,314 1.12% 7.897% 99,160 79.88% 87.24% 84.29% Massachusetts 10 1,723,384 0.72% 7.734% 172,338 83.36% 57.75% 100.00% West Virginia 21 1,596,893 0.67% 7.987% 76,043 82.27% 100.00% 100.00% Delaware 15 1,442,340 0.60% 8.940% 96,156 76.23% 71.02% 91.65% New Mexico 10 1,342,339 0.56% 8.954% 134,234 77.80% 75.04% 96.65% Connecticut 4 886,718 0.37% 7.329% 221,680 72.99% 100.00% 100.00% Kansas 10 803,805 0.34% 8.422% 80,380 81.18% 90.51% 100.00% Idaho 10 745,103 0.31% 8.562% 74,510 76.61% 87.59% 100.00% Louisiana 7 650,109 0.27% 8.196% 92,873 78.12% 72.02% 100.00% Wisconsin 9 640,614 0.27% 8.464% 71,179 71.07% 100.00% 91.58% Rhode Island 4 552,422 0.23% 8.164% 138,106 85.98% 100.00% 100.00% Iowa 3 394,653 0.16% 7.220% 131,551 86.79% 100.00% 100.00% New England 3 306,956 0.13% 8.983% 102,319 82.78% 100.00% 78.06% Montana 2 187,709 0.08% 7.090% 93,855 75.48% 57.91% 100.00% Minnesota 2 165,581 0.07% 9.372% 82,791 77.72% 44.23% 100.00% Mississippi 2 124,633 0.05% 10.520% 62,317 80.63% 100.00% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY ORIGINAL PRINCIPAL BALANCE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE ORIGINAL PRINCIPAL BALANCE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 10,000.01 - 20,000.00 1 17,264 0.01% 8.400% 17,264 40.91% 100.00% 0.00% 20,000.01 - 30,000.00 18 473,740 0.20% 9.561% 26,319 62.72% 90.03% 82.70% 30,000.01 - 40,000.00 85 2,987,883 1.25% 8.877% 35,152 73.92% 90.28% 77.87% 40,000.01 - 50,000.00 145 6,433,875 2.69% 8.672% 44,372 76.33% 89.59% 83.29% 50,000.01 - 60,000.00 206 11,181,492 4.67% 8.610% 54,279 78.33% 93.30% 89.16% 60,000.01 - 70,000.00 232 14,983,660 6.26% 8.470% 64,585 79.18% 92.25% 91.41% 70,000.01 - 80,000.00 241 17,897,050 7.47% 8.399% 74,262 81.29% 92.60% 95.98% 80,000.01 - 90,000.00 197 16,590,466 6.93% 8.256% 84,216 80.23% 93.99% 94.50% 90,000.01 - 100,000.00 168 15,816,463 6.60% 8.321% 94,146 80.43% 93.45% 98.81% 100,000.01 - 120,000.00 238 25,680,410 10.72% 8.172% 107,901 81.00% 91.11% 95.03% 120,000.01 - 140,000.00 158 20,325,532 8.49% 7.972% 128,643 81.51% 80.28% 95.69% 140,000.01 - 160,000.00 119 17,614,818 7.35% 7.963% 148,024 82.59% 85.57% 98.29% 160,000.01 - 180,000.00 84 14,001,709 5.85% 7.810% 166,687 81.74% 83.12% 97.59% 180,000.01 - 200,000.00 65 12,182,012 5.09% 7.862% 187,416 82.42% 89.15% 96.84% 200,000.01 - 220,000.00 45 9,257,389 3.86% 7.702% 205,720 81.52% 75.35% 100.00% 220,000.01 - 240,000.00 40 8,749,612 3.65% 7.571% 218,740 81.96% 81.54% 92.06% 240,000.01 - 260,000.00 30 7,406,657 3.09% 7.537% 246,889 82.45% 86.69% 96.68% 260,000.01 - 280,000.00 24 6,101,531 2.55% 7.380% 254,230 82.25% 77.97% 100.00% 280,000.01 - 300,000.00 14 4,006,834 1.67% 7.644% 286,202 81.56% 78.20% 100.00% 300,000.01 - 320,000.00 17 5,215,592 2.18% 7.535% 306,800 82.48% 76.43% 100.00% 320,000.01 - 340,000.00 14 4,611,537 1.93% 7.532% 329,395 80.56% 78.63% 100.00% 340,000.01 - 360,000.00 8 2,776,524 1.16% 7.610% 347,065 84.54% 74.88% 100.00% 360,000.01 - 380,000.00 11 4,053,477 1.69% 6.997% 368,498 76.87% 72.77% 100.00% 380,000.01 - 400,000.00 11 4,279,717 1.79% 7.686% 389,065 78.95% 72.43% 100.00% 400,000.01 - 450,000.00 6 2,604,828 1.09% 7.992% 434,138 77.54% 66.45% 100.00% 450,000.01 - 500,000.00 3 1,463,336 0.61% 7.827% 487,779 82.10% 66.76% 100.00% 500,000.01 - 550,000.00 3 1,504,210 0.63% 7.493% 501,403 76.62% 65.34% 100.00% 550,000.01 - 600,000.00 1 574,764 0.24% 8.100% 574,764 79.99% 100.00% 100.00% 700,000.01 - 750,000.00 1 739,222 0.31% 8.490% 739,222 44.78% 100.00% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY CURRENT PRINCIPAL BALANCE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE CURRENT PRINCIPAL BALANCE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS .01 - 10,000.00 3 3,946 0.00% 7.415% 1,315 78.90% 100.00% 100.00% 10,000.01 - 20,000.00 4 67,469 0.03% 8.244% 16,867 55.44% 100.00% 52.54% 20,000.01 - 30,000.00 17 454,191 0.19% 9.633% 26,717 62.99% 89.60% 81.95% 30,000.01 - 40,000.00 92 3,310,817 1.38% 8.824% 35,987 73.77% 90.05% 80.48% 40,000.01 - 50,000.00 146 6,623,875 2.77% 8.658% 45,369 76.23% 89.04% 83.03% 50,000.01 - 60,000.00 201 10,994,936 4.59% 8.601% 54,701 78.65% 92.44% 89.43% 60,000.01 - 70,000.00 244 15,864,417 6.62% 8.486% 65,018 79.13% 91.63% 90.15% 70,000.01 - 80,000.00 237 17,757,240 7.41% 8.350% 74,925 81.27% 94.04% 97.05% 80,000.01 - 90,000.00 199 16,916,510 7.06% 8.244% 85,008 80.67% 94.05% 95.07% 90,000.01 - 100,000.00 166 15,779,785 6.59% 8.382% 95,059 80.15% 92.73% 96.92% 100,000.01 - 120,000.00 232 25,233,046 10.53% 8.134% 108,763 81.22% 91.74% 95.65% 120,000.01 - 140,000.00 158 20,491,543 8.55% 7.984% 129,693 81.52% 80.44% 96.30% 140,000.01 - 160,000.00 124 18,562,121 7.75% 7.909% 149,695 82.49% 86.30% 98.38% 160,000.01 - 180,000.00 82 13,877,702 5.79% 7.710% 169,240 81.86% 81.70% 97.57% 180,000.01 - 200,000.00 62 11,791,832 4.92% 7.907% 190,191 81.87% 88.62% 96.73% 200,000.01 - 220,000.00 44 9,181,831 3.83% 7.736% 208,678 81.42% 74.94% 100.00% 220,000.01 - 240,000.00 39 8,945,458 3.73% 7.556% 229,371 81.97% 81.67% 92.23% 240,000.01 - 260,000.00 27 6,734,148 2.81% 7.572% 249,413 83.23% 88.93% 96.35% 260,000.01 - 280,000.00 22 5,922,935 2.47% 7.517% 269,224 82.16% 77.31% 100.00% 280,000.01 - 300,000.00 14 4,088,332 1.71% 7.695% 292,024 82.47% 71.33% 100.00% 300,000.01 - 320,000.00 16 4,957,077 2.07% 7.563% 309,817 81.23% 74.83% 100.00% 320,000.01 - 340,000.00 14 4,653,067 1.94% 7.517% 332,362 81.75% 85.63% 100.00% 340,000.01 - 360,000.00 8 2,816,619 1.18% 7.421% 352,077 83.17% 75.24% 100.00% 360,000.01 - 380,000.00 10 3,716,524 1.55% 6.983% 371,652 76.57% 70.30% 100.00% 380,000.01 - 400,000.00 10 3,899,823 1.63% 7.768% 389,982 78.38% 69.74% 100.00% 400,000.01 - 450,000.00 6 2,604,828 1.09% 7.992% 434,138 77.54% 66.45% 100.00% 450,000.01 - 500,000.00 4 1,927,056 0.80% 7.778% 481,764 81.11% 74.76% 100.00% 500,000.01 - 550,000.00 2 1,040,489 0.43% 7.434% 520,245 76.00% 49.90% 100.00% 550,000.01 - 600,000.00 1 574,764 0.24% 8.100% 574,764 79.99% 100.00% 100.00% 700,000.01 - 750,000.00 1 739,222 0.31% 8.490% 739,222 44.78% 100.00% 100.00% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ==================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY CURRENT MORTGAGE RATES PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE MORTGATE RATE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 3.501% - 4.000% 3 653,143 0.27% 4.000% 217,714 83.31% 100.00% 100.00% 4.001% - 4.500% 1 236,026 0.10% 4.125% 236,026 90.00% 100.00% 100.00% 4.501% - 5.000% 8 1,026,435 0.43% 4.701% 128,304 77.39% 100.00% 100.00% 5.001% - 5.500% 4 521,034 0.22% 5.342% 130,259 71.22% 100.00% 100.00% 5.501% - 6.000% 20 2,479,121 1.03% 5.942% 123,956 77.02% 100.00% 98.31% 6.001% - 6.500% 68 9,821,136 4.10% 6.385% 144,428 82.46% 91.13% 100.00% 6.501% - 7.000% 203 28,971,758 12.10% 6.879% 142,718 82.81% 93.22% 97.47% 7.001% - 7.500% 273 36,137,491 15.09% 7.363% 132,372 82.53% 83.87% 97.00% 7.501% - 8.000% 406 50,616,708 21.13% 7.847% 124,672 81.26% 84.98% 96.46% 8.001% - 8.500% 421 42,920,298 17.92% 8.327% 101,948 80.08% 83.94% 95.56% 8.501% - 9.000% 364 32,424,234 13.54% 8.817% 89,078 79.00% 80.65% 91.78% 9.001% - 9.500% 175 14,677,929 6.13% 9.313% 83,874 78.71% 88.96% 95.86% 9.501% - 10.000% 128 9,919,223 4.14% 9.782% 77,494 77.16% 90.03% 93.55% 10.001% - 10.500% 55 4,432,131 1.85% 10.288% 80,584 78.37% 87.66% 89.86% 10.501% - 11.000% 33 2,853,205 1.19% 10.747% 86,461 73.91% 92.40% 92.36% 11.001% - 11.500% 10 696,084 0.29% 11.296% 69,608 80.93% 76.32% 84.90% 11.501% - 12.000% 7 751,732 0.31% 11.805% 107,390 86.92% 100.00% 100.00% 12.001% - 12.500% 2 79,864 0.03% 12.169% 39,932 79.94% 100.00% 100.00% 12.501% - 13.000% 2 249,477 0.10% 12.786% 124,739 78.63% 100.00% 100.00% 13.501% - 14.000% 1 35,400 0.01% 13.950% 35,400 60.00% 100.00% 0.00% 14.501% - 15.000% 1 29,174 0.01% 14.550% 29,174 65.00% 100.00% 100.00% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ===================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY GROSS MARGIN PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE GROSS MARGIN LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 2.501% - 3.000% 19 2,933,910 1.22% 5.475% 154,416 78.25% 100.00% 100.00% 3.001% - 3.500% 6 596,015 0.25% 6.453% 99,336 87.57% 100.00% 100.00% 3.501% - 4.000% 5 585,660 0.24% 8.086% 117,132 74.08% 88.24% 100.00% 4.001% - 4.500% 4 366,888 0.15% 6.878% 91,722 67.83% 100.00% 100.00% 4.501% - 5.000% 10 710,802 0.30% 7.639% 71,080 78.80% 100.00% 93.75% 5.001% - 5.500% 180 17,447,140 7.28% 7.181% 96,929 82.06% 94.83% 97.44% 5.501% - 6.000% 296 31,084,617 12.98% 7.738% 105,016 80.78% 75.37% 90.59% 6.001% - 6.500% 426 50,942,661 21.27% 7.814% 119,584 82.67% 81.09% 94.14% 6.501% - 7.000% 665 72,817,608 30.40% 8.168% 109,500 80.65% 88.32% 98.12% 7.001% - 7.500% 296 32,854,572 13.72% 8.386% 110,995 79.32% 89.68% 95.20% 7.501% - 8.000% 201 21,674,554 9.05% 8.701% 107,834 78.25% 91.04% 97.13% 8.001% - 8.500% 47 4,333,496 1.81% 9.128% 92,202 76.98% 90.23% 94.95% 8.501% - 9.000% 18 2,127,318 0.89% 9.628% 118,184 77.84% 78.82% 97.81% 9.001% - 9.500% 10 770,723 0.32% 10.062% 77,072 75.77% 100.00% 95.36% 10.501% - 11.000% 2 285,638 0.12% 10.967% 142,819 83.64% 100.00% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY MAXIMUM MORTGAGE RATES PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE MORTGAGE RATES LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 6.501% - 7.000% 1 220,953 0.09% 6.650% 220,953 93.00% 100.00% 100.00% 7.501% - 8.000% 1 134,567 0.06% 7.750% 134,567 86.26% 100.00% 100.00% 9.501% - 10.000% 1 55,552 0.02% 7.990% 55,552 85.15% 100.00% 100.00% 10.001% - 10.500% 2 340,580 0.14% 4.943% 170,290 84.78% 100.00% 100.00% 10.501% - 11.000% 7 1,056,991 0.44% 5.981% 150,999 87.11% 100.00% 100.00% 11.001% - 11.500% 13 2,113,639 0.88% 6.630% 162,588 79.54% 93.98% 100.00% 11.501% - 12.000% 28 3,426,937 1.43% 6.653% 122,391 77.79% 91.17% 100.00% 12.001% - 12.500% 80 10,879,772 4.54% 6.542% 135,997 81.94% 90.73% 100.00% 12.501% - 13.000% 199 28,317,089 11.82% 6.894% 142,297 82.33% 92.09% 98.17% 13.001% - 13.500% 262 34,276,393 14.31% 7.391% 130,826 82.38% 83.76% 97.04% 13.501% - 14.000% 368 46,989,324 19.62% 7.848% 127,688 81.62% 86.20% 95.86% 14.001% - 14.500% 374 39,231,504 16.38% 8.335% 104,897 80.17% 81.62% 94.97% 14.501% - 15.000% 330 30,400,516 12.69% 8.759% 92,123 79.33% 81.27% 93.13% 15.001% - 15.500% 181 15,421,691 6.44% 9.142% 85,203 78.57% 87.47% 94.59% 15.501% - 16.000% 134 10,461,193 4.37% 9.453% 78,069 77.07% 86.70% 93.95% 16.001% - 16.500% 69 5,680,052 2.37% 9.411% 82,320 79.12% 92.15% 91.95% 16.501% - 17.000% 50 3,386,050 1.41% 9.544% 67,721 76.42% 91.60% 90.13% 17.001% - 17.500% 34 2,468,617 1.03% 9.354% 72,606 77.13% 95.32% 94.56% 17.501% - 18.000% 34 3,420,301 1.43% 10.107% 100,597 78.91% 98.25% 94.95% 18.001% - 18.500% 6 462,298 0.19% 10.405% 77,050 81.51% 77.27% 77.27% 18.501% - 19.000% 5 415,993 0.17% 9.402% 83,199 81.69% 100.00% 100.00% 19.001% - 19.500% 2 57,540 0.02% 11.077% 28,770 63.48% 100.00% 51.71% 19.501% - 20.000% 2 249,477 0.10% 12.786% 124,739 78.63% 100.00% 100.00% 20.501% - 21.000% 2 64,574 0.03% 14.221% 32,287 62.26% 100.00% 45.18% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY MONTHS TO NEXT RATE RESET DATE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MONTH OF MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE NEXT RESET DATE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS July-2003 13 885,196 0.37% 9.466% 68,092 79.51% 100.00% 95.56% August-2003 41 3,171,635 1.32% 9.362% 77,357 81.29% 93.61% 91.84% September-2003 89 8,007,915 3.34% 8.844% 89,977 79.88% 95.53% 94.02% October-2003 47 4,879,962 2.04% 8.876% 103,829 75.34% 80.01% 91.19% November-2003 107 10,481,538 4.38% 7.947% 97,958 81.39% 91.53% 96.81% December-2003 115 13,506,664 5.64% 7.220% 117,449 80.94% 90.52% 96.51% January-2004 117 11,826,432 4.94% 8.101% 101,081 81.46% 90.17% 96.86% February-2004 139 12,966,624 5.41% 8.060% 93,285 81.99% 88.53% 92.56% March-2004 369 37,914,082 15.83% 8.103% 102,748 79.83% 85.23% 95.54% April-2004 379 38,345,689 16.01% 8.194% 101,176 80.11% 83.60% 94.53% May-2004 10 861,358 0.36% 8.090% 86,136 82.05% 100.00% 100.00% June-2004 7 2,018,614 0.84% 7.671% 288,373 64.04% 71.74% 100.00% July-2004 11 1,225,322 0.51% 7.450% 111,393 83.78% 93.87% 96.01% August-2004 4 418,998 0.17% 8.323% 104,750 80.04% 67.83% 100.00% September-2004 5 375,988 0.16% 8.796% 75,198 80.21% 52.53% 100.00% October-2004 3 322,135 0.13% 8.346% 107,378 79.00% 100.00% 100.00% November-2004 55 7,142,776 2.98% 7.786% 129,869 83.15% 92.65% 97.18% December-2004 60 9,904,706 4.14% 7.120% 165,078 81.90% 89.54% 99.59% January-2005 47 6,258,775 2.61% 7.674% 133,165 83.52% 85.52% 98.36% February-2005 70 9,550,051 3.99% 8.013% 136,429 82.64% 75.93% 97.15% March-2005 267 33,556,856 14.01% 7.909% 125,681 80.71% 82.60% 95.87% April-2005 221 23,567,551 9.84% 8.319% 106,641 80.46% 86.59% 95.38% May-2005 8 1,879,013 0.78% 7.836% 234,877 84.84% 100.00% 100.00% OTHER (1) 1 463,721 0.19% 7.625% 463,721 78.00% 100.00% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ==================================================================================================================================== (1) ARM loan converted to a long-term fixed rate.

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY REMAINING MONTHS TO STATED MATURITY PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MONTH OF MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE NEXT RESET DATE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 1 - 12 1 91,321 0.04% 6.500% 91,321 90.05% 100.00% 100.00% 97 - 108 3 247,509 0.10% 8.481% 82,503 78.75% 24.72% 100.00% 121 - 132 1 19,549 0.01% 7.900% 19,549 56.41% 100.00% 100.00% 157 - 168 14 1,024,913 0.43% 7.681% 73,208 77.08% 65.18% 78.10% 205 - 216 2 258,768 0.11% 7.877% 129,384 75.04% 100.00% 100.00% 217 - 228 8 644,720 0.27% 7.473% 80,590 75.58% 80.28% 100.00% 229 - 240 1 157,715 0.07% 10.375% 157,715 80.00% 100.00% 100.00% 241 - 252 11 1,866,179 0.78% 5.348% 169,653 77.94% 100.00% 100.00% 253 - 264 15 1,588,408 0.66% 6.270% 105,894 78.58% 95.67% 100.00% 265 - 276 17 1,115,580 0.47% 9.060% 65,622 71.13% 100.00% 94.41% 277 - 288 10 994,450 0.42% 9.363% 99,445 74.19% 100.00% 96.26% 289 - 300 29 2,541,162 1.06% 9.188% 87,626 80.13% 66.77% 88.13% 301 - 312 8 780,718 0.33% 8.888% 97,590 85.20% 89.79% 100.00% 313 - 324 20 1,704,853 0.71% 9.278% 85,243 74.74% 96.48% 89.47% 325 - 336 46 3,722,840 1.55% 9.432% 80,931 76.50% 94.56% 87.10% 337 - 348 1,755 197,837,763 82.59% 7.975% 112,728 80.89% 85.90% 95.76% 349 - 360 244 24,935,156 10.41% 8.374% 102,193 80.90% 87.39% 97.62% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY NUMBER OF MONTHS OF SEASONING (1) PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MONTH OF MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE SEASONING LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 13 - 18 1,513 165,520,237 69.10% 8.101% 109,399 80.73% 84.62% 95.33% 19 - 24 407 49,635,665 20.72% 7.687% 121,955 82.11% 89.28% 97.67% 25 - 30 91 8,174,441 3.41% 8.378% 89,829 75.72% 88.50% 94.68% 31 - 36 30 2,512,641 1.05% 8.930% 83,755 79.98% 91.94% 88.16% 37 - 42 34 2,803,242 1.17% 9.956% 82,448 73.38% 100.00% 89.35% 43 - 48 7 552,994 0.23% 7.555% 78,999 82.44% 100.00% 100.00% 49 - 54 5 327,697 0.14% 8.122% 65,539 74.75% 81.70% 100.00% 55 - 60 2 390,353 0.16% 7.664% 195,176 79.74% 100.00% 100.00% 61 - 66 2 102,183 0.04% 8.384% 51,091 85.79% 100.00% 100.00% 67 - 72 27 2,286,826 0.95% 9.060% 84,697 81.07% 69.00% 86.81% 73 - 78 8 851,009 0.36% 9.115% 106,376 82.11% 74.71% 100.00% 79 - 84 3 266,369 0.11% 8.228% 88,790 76.72% 100.00% 100.00% 85 - 90 9 445,853 0.19% 9.103% 49,539 73.48% 100.00% 86.02% 91 - 96 18 1,587,783 0.66% 9.660% 88,210 70.37% 100.00% 100.00% 103 - 108 14 2,460,684 1.03% 6.353% 175,763 79.57% 97.20% 100.00% 109 - 114 14 1,437,167 0.60% 5.393% 102,655 77.85% 100.00% 100.00% 133 - 138 1 176,457 0.07% 4.750% 176,457 80.00% 100.00% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ==================================================================================================================================== (1) Seasoning calculated from each Mortgage Loan's interest start date, based upon a calendar month deemed to have 30 days, and a calendar year deemed to have 360 days.

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY ORIGINAL LOAN-TO-VALUE RATIO (2) PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED COMBINED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE LOAN-TO-VALUE RATIO LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Not Available 4 224,203 0.09% 10.043% 56,051 0.00% 100.00% 100.00% 10.01 - 15.00 1 21,860 0.01% 8.900% 21,860 14.67% 100.00% 100.00% 20.01 - 25.00 2 63,453 0.03% 9.306% 31,726 22.82% 58.66% 41.34% 25.01 - 30.00 1 48,831 0.02% 10.100% 48,831 28.00% 100.00% 100.00% 30.01 - 35.00 1 49,083 0.02% 5.471% 49,083 35.00% 100.00% 100.00% 35.01 - 40.00 2 166,464 0.07% 7.616% 83,232 38.22% 0.00% 100.00% 40.01 - 45.00 9 1,282,582 0.54% 8.876% 142,509 44.04% 75.74% 98.65% 45.01 - 50.00 17 1,419,665 0.59% 7.977% 83,510 48.10% 97.73% 96.21% 50.01 - 55.00 17 1,170,948 0.49% 8.271% 68,879 53.15% 60.41% 100.00% 55.01 - 60.00 29 2,709,246 1.13% 8.502% 93,422 58.24% 43.19% 93.71% 60.01 - 65.00 44 4,277,053 1.79% 8.046% 97,206 63.28% 78.60% 94.65% 65.01 - 70.00 100 10,099,548 4.22% 8.549% 100,995 68.51% 67.89% 95.38% 70.01 - 75.00 219 22,184,440 9.26% 8.518% 101,299 73.89% 78.99% 95.43% 75.01 - 80.00 631 67,134,842 28.03% 8.108% 106,394 79.17% 82.17% 93.28% 80.01 - 85.00 567 59,309,471 24.76% 8.054% 104,602 82.98% 87.67% 95.22% 85.01 - 90.00 454 56,246,376 23.48% 7.726% 123,891 87.11% 95.86% 98.33% 90.01 - 95.00 82 12,388,740 5.17% 7.443% 151,082 91.35% 100.00% 100.00% 95.01 - 100.00 5 734,799 0.31% 9.960% 146,960 99.24% 100.00% 100.00% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% =================================================================================================================================== (2) The Combined Loan-to-Value Ratios for the first lien mortgages do not reflect the principal balance of any second lien mortgages, including those financed by CIT Consumer Finance or any of its affiliates.

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY BORROWER FICO SCORE (1) PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE BORROWER FICO SCORE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Not available 19 1,553,567 0.65% 8.996% 81,767 76.66% 88.12% 100.00% 451 - 500 13 1,081,382 0.45% 9.262% 83,183 78.78% 86.37% 100.00% 501 - 550 260 23,421,531 9.78% 8.927% 90,083 75.84% 90.54% 98.05% 551 - 600 956 100,495,038 41.95% 8.179% 105,120 80.33% 89.44% 97.66% 601 - 650 638 72,549,033 30.29% 7.851% 113,713 81.49% 84.20% 93.64% 651 - 700 209 28,259,437 11.80% 7.597% 135,213 83.60% 79.63% 93.62% 701 - 750 64 8,165,960 3.41% 7.221% 127,593 81.08% 77.19% 89.95% 751 - 800 23 3,654,390 1.53% 6.973% 158,887 81.27% 85.44% 95.53% 801 - 850 3 351,265 0.15% 7.205% 117,088 85.19% 45.43% 79.87% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ==================================================================================================================================== (1) Generally, FICO scores are determined at time of origination of the related Mortgage Loan; except that, in the case of Mortgage Loans from Institutional Bulk Portfolios, FICO scores are determined either at the time of origination or, if such score were unavailable or issued longer than three months prior to acquisition by CIT Consumer Finance or one of its affiliates, at the time of acquisition.

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY PROPERTY TYPE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE PROPERTY TYPE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Single Family 1,563 178,076,078 74.34% 7.972% 113,932 80.48% 85.97% 96.98% Manufactured Housing 371 28,801,863 12.02% 8.622% 77,633 81.83% 94.95% 96.94% PUD 98 16,432,268 6.86% 7.853% 167,676 81.16% 78.64% 94.48% 2-4 Family 85 8,908,533 3.72% 8.253% 104,806 78.06% 79.77% 67.72% Condo 68 7,312,860 3.05% 7.632% 107,542 82.04% 83.28% 96.92% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ===================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY LOAN PURPOSE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE LOAN PURPOSE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Refinance and/or Cashout 1,524 168,364,268 70.29% 8.018% 110,475 80.88% 85.65% 95.84% Purchase 354 37,821,115 15.79% 8.188% 106,839 81.26% 92.00% 94.07% Home Improvement 269 30,127,064 12.58% 7.985% 111,997 78.79% 81.75% 97.33% Debt Consolidation 36 2,942,778 1.23% 8.207% 81,744 77.47% 90.25% 94.33% Other 2 276,377 0.12% 7.126% 138,188 86.40% 100.00% 80.80% ---------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ==================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY OCCUPANCY STATUS PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE OCCUPANCY STATUS LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Owner Occupied 2,044 229,257,671 95.71% 8.021% 112,161 80.75% 86.98% 100.00% Non-Owner Occupied 141 10,273,931 4.29% 8.508% 72,865 78.28% 69.55% 0.00% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ===================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY BORROWER INCOME DOCUMENTATION TYPE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE DOCUMENTATION TYPE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Full Documentation 1,948 206,560,675 86.24% 8.022% 106,037 81.37% 100.00% 96.54% No Income Verification/ 226 31,604,517 13.19% 8.157% 139,843 75.98% 0.00% 90.36% Stated Lite Documentation 11 1,366,411 0.57% 8.366% 124,219 78.67% 0.00% 94.05% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602 100.00% 0.000% 109,625 80.64% 86.24% 95.71% ====================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY PRODUCT TYPE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE PRODUCT TYPE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS 2/28 ARM 1,371 137,759,670 57.51% 8.155% 100,481 80.40% 86.77% 95.03% 3/27 ARM 776 96,965,997 40.48% 7.957% 124,956 81.02% 84.86% 96.47% 1/29 ARM 20 2,833,813 1.18% 6.178% 141,691 81.88% 100.00% 100.00% 6 Month LIBOR 18 1,972,122 0.82% 6.948% 109,562 77.11% 96.51% 100.00% ----------------------------------------------------------------------------------------------------------------------------------- Total: 2,185 239,531,602 100.00% 8.042% 109,625 80.64% 86.24% 95.71% ===================================================================================================================================

CIT HOME EQUITY LOAN TRUST 2002-2 AS OF JUNE 30, 2003 GROUP II DISTRIBUTION BY INDEX TYPE PERCENTAGE OF MORTGAGE POOL BY AGGREGATE WEIGHTED PERCENT OF PERCENT OF AGGREGATE PRINCIPAL AVERAGE AVERAGE FULL OWNER- NUMBER OF PRINCIPAL BALANCE OF WEIGHTED PRINCIPAL COMBINED DOCUMENTATION OCCUPIED MORTGAGE BALANCE MORTGAGE AVERAGE BALANCE LOAN-TO-VALUE MORTGAGE MORTGAGE PRODUCT TYPE LOANS OUTSTANDING LOANS COUPON OUTSTANDING RATIO LOANS LOANS Libor - 6 Month 2,165 236,603,828.72 98.78% 8.065% 109,285.83 80.64% 86.14% 95.66% Treasury - 1 Year 20 2,927,773.37 1.22% 6.214% 146,388.67 81.37% 93.99% 100.00% ------------------------------------------------------------------------------------------------------------------------------------ Total: 2,185 239,531,602.09 100.00% 8.042% 109,625.45 80.64% 86.24% 95.71% ====================================================================================================================================

Filing Compare · CIT HOME EQUITY TRUST 2002-2