8-K 1 srz9510902v1.txt CIT HOME EQUITY LOAN TRUST 2002-1 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 6, 2003 CIT HOME EQUITY LOAN TRUST 2002-1 (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) 333-65554 N/A (Commission File Number) (IRS Employer Identification No.) c/o The CIT Group/Consumer Finance, Inc. 1 CIT Drive Livingston, New Jersey 07039-0491 (Address of principal executive offices and zip code) (Zip Code) Registrants' telephone number, including area code: (973) 740-5000 (Former name or former address, if changed since last report) Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following is filed herewith. The exhibit number corresponds with Item 601(b) of Regulation S-K. EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Pool Data 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 2002-1 By: The CIT Group/Consumer Finance, Inc., as Servicer By: /s/ Barbara Callahan ------------------------ Name: Barbara Callahan Title: Vice President Dated: October 6, 2003 CIT HOME EQUITY LOAN TRUST 2002-1 AS OF JUNE 30, 2003 MORTGAGE POOL CHARACTERISTICS GROUP II MORTGAGE LOANS Number of loans: 1,313 Aggregate outstanding principal balance $118,676,855 Average outstanding principal balance: $90,386 Range of outstanding principal balance: $71 to $597,010 Range of mortgage rates: 0.00% to 14.275% Weighted average mortgage rate: 8.980% Range of original loan-to-value ratios: 25.00% to 100.00% Weighted average original loan-to-value ratio: 79.70% Range of remaining terms to stated maturity: 8 to 360 months Weighted average remaining term to stated maturity: 329 months Full documentation loans as a percentage of current balance: 79.91% Loan secured by owner occupied properties as a percentage of current balance: 92.55% Range of original term: 84 to 360 months Weighted average original term: 359 months Lien position: First 100% Weighted average FICO score: 567

CIT HOME EQUITY LOAN TRUST 2002-1 8-K