8-K 1 csfb02ht41202.txt CSFB02HT4,8K,1202 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 reported26-Dec-02 Credit Suisse First Boston Mortgage Securities Corp. Home Equity Asset Trust Mortgage Pass-Through Certificates, HEAT Series 2002-4 (Exact name of registrant as specified in its charter) Delaware 333-61840 13-3320910 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 11 Madison Avenue, 5th Floor New York, New York 10010 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 325-2000 Item 5. Other Events On 26-Dec-02 a scheduled distribution was made from the Trust to holders of the Certificates. The Trustee has caused to be filed with the Commission, the Monthly Report dated 26-Dec-02 The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area. A. Monthly Report Information See Exhibit No.1 B. Have and deficiencies occurred? NO. Date: Amount: C. Item 1: Legal Proceedings: NONE D. Item 2: Changes in Securities: NONE E. Item 4: Submission of Matters to a Vote of Certificateholders: NONE F. Item 5: Other Information - Form 10-Q, PartII - Items 1,2,4,5 if applicable: NOT APPLICABLE Item 7. Monthly Statements and Exhibits Exhibit No. 1. Monthly Distribution Report Dated 26-Dec-02 Credit Suisse First Boston Mortgage Securities Corp. Home Equity Asset Trust Mortgage Pass-Through Certificates, HEAT Series 2002-4 STATEMENT TO CERTIFICATEHOLDERS Distribution Date: 26-Dec-02 DISTRIBUTION SUMMARY Beginning Current Perio Accrued Original Current Principa Principal Pass-Through Interest Class Face Value Amount Distribution Rate Distributed (1) A-1 475,000,000 471,588,533 2,342,910 1.74000% 706,597 A-2 356,250,000 354,212,606 3,188,115 1.79000% 545,979 A-3 210,000,000 208,799,010 1,879,310 1.86000% 334,426 A-IO 697,637,500 693,182,099 0 6.62000% 3,968,876 M-1 70,500,000 70,500,000 0 2.38000% 144,486 M-2 58,000,000 58,000,000 0 3.43000% 171,309 B-1 41,750,000 41,750,000 0 4.13000% 148,479 B-2 13,500,000 13,500,000 0 4.88000% 56,730 X 1,225,000,050 1,218,350,149 0 1.86000% 1,975,177 R 50 0 0 1.38000% 0 Total1,225,000,050 1,218,350,148 7,410,335 8,052,060 Certificate Ending Realized Loss Interest Current Prin Principal Shortfall Amount Class A-1 N/A 0 469,245,624 A-2 N/A 0 351,024,490 A-3 N/A 0 206,919,700 A-IO N/A 0 688,217,175 M-1 0.00 0 70,500,000 M-2 0.00 0 58,000,000 B-1 0.00 0 41,750,000 B-2 0.00 0 13,500,000 X N/A 0 1,210,939,814 R N/A 0 0 Total 0 0 1,210,939,814 AMOUNTS PER $1,000 UNIT Interest Ending Prin Int Carry-forward Curr Prin ClassCusip Distribution Distribution Amount Amount A-1 22541NQG7 4.93244135 1.48757225 0.00000000 987.88552322 A-2 22541NQH5 8.94909493 1.53257367 0.00000000 985.33190313 A-3 22541NQJ1 8.94909490 1.59250671 0.00000000 985.33190319 A-IO 22541NQK8 0.00000000 5.68902383 0.00000000 986.49681987 M-1 22541NQM4 0.00000000 2.04944440 0.00000000 1000.00000000 M-2 22541NQN2 0.00000000 2.95361103 0.00000000 1000.00000000 B-1 22541NQP7 0.00000000 3.55638898 0.00000000 1000.00000000 B-2 22541NQQ5 0.00000000 4.20222222 0.00000000 1000.00000000 X 22541NQR3 0.00000000 1.65361311 0.00000000 988.52225691 R 22541NQL6 0.00000000 0.00000000 0.00000000 0.00000000 GROUP 1 GROUP 2 Principal Distributions: Beginning Balance 520,915,268.0 570,528,346.18 Scheduled Principal 345,969.79 367,499.52 Prepayments (Includes Curtailments) 1,996,939.85 4,699,925.48 Net Liquidation Proceeds 0.00 0.00 Loan Purchase Prices 0.00 0.00 Total Principal Remittance 2,342,909.64 5,067,425.00 Net Realized Losses 0.00 0.00 Ending Balance 518,572,358.4 565,460,921.18 Ending Count 3,973 3,427 TOTAL Principal Distributions: Beginning Balance 1,091,443,614.27 Scheduled Principal 713,469.31 Prepayments (Includes Curtailments) 6,696,865.33 Net Liquidation Proceeds 0.00 Loan Purchase Prices 0.00 Total Principal Remittance 7,410,334.64 Net Realized Losses 0.00 Ending Balance 1,084,033,279.63 Ending Count 7,400 GROUP 1 GROUP 2 Aggregate Ending Collateral Balance 553,069,153.4 657,870,660.67 TOTAL Aggregate Ending Collateral Balance 1,210,939,814.14 Ending Overcollateralization Amount 0.45 Prefunding Account: GROUP 1 GROUP 2 Beginning Balance 50,317,595.53 93,115,353.52 Subsequent Transfer 15,820,800.51 705,614.03 Added to available certificate principal 0.00 0.00 Amount on Deposit in Prefunding Account 34,496,795.02 92,409,739.49 Prefunding Account: TOTAL Beginning Balance 143,432,949.05 Subsequent Transfer 16,526,414.54 Added to available certificate principal 0.00 Amount on Deposit in Prefunding Account 126,906,534.51 Interest Distributions: GROUP 1 GROUP 2 Scheduled Interest - Net of Servicing Fee & LP3,528,334.71 3,832,578.25 Less Relief Act Interest Shortfall 0.00 0.00 Less Net Prepayment Interest Shortfall 0.00 0.00 3,528,334.71 3,832,578.25 Interest Distributions: TOTAL Scheduled Interest - Net of Servicing Fee & LP7,360,912.96 Less Relief Act Interest Shortfall 0.00 Less Net Prepayment Interest Shortfall 0.00 7,360,912.96 Capitalized Interest Account: Beginning Balance GROUP 1 GROUP 2 less: Capitalized Interest Requirement 166,032.81 444,767.36 less: Withdrawal of Overfunded Interest Amount 0.00 0.00 Ending Balance 0.00 0.00 Capitalized Interest Account: TOTAL Beginning Balance 1,468,455.71 less: Capitalized Interest Requirement 610,800.17 less: Withdrawal of Overfunded Interest Amount 465,289.64 Ending Balance 392,365.90 GROUP 1 GROUP 2 TOTAL Servicing Fee 214,678.70 216,354.36 431,033.06 Trustee Fee 651.14 713.16 1,364.30 FSA Premium 23,579.43 23,614.17 47,193.60 Credit Risk Manager Fee 7,596.68 8,320.21 15,916.89 LPMI 3,868.78 9,082.02 12,950.80 Advances Current Aggregate Advances as of determination date Not Available Outstanding Aggregate Advances as of end of prior calen 1,785,150.73 Has Fairbanks failed the Termination Test NO Delinquency Information 30-59 days delinquent 60-89 days delinquent Count Balance Count Balance Group 38 5,167,188.97 5 820,548.66 Group 79 11,744,645.15 152,944,488.58 Total 117 16,911,834.12 203,765,037.24 *Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties. 90 or more days delinquent Count Balance Group 1 95,732.90 Group 2 187,755.65 Total 3 283,488.55 *Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties. Outstanding Loans Foreclosure Count Balance Count Balance Group 3973 518,572,358.45 0 0.00 Group 3427 565,460,921.18 0 0.00 Total 74001,084,033,279.63 0 0.00 Bankruptcy REO Count Balance Count Balance Market Value Group 1 219,511.34 0 0.00 0.00 Group 2 280,445.20 0 0.00 0.00 Total 3 499,956.54 0 0.00 0.00 Number of Loans for which Prepayment Premiums were collected 21 Principal Balance of Loans for which Prepayment Premiums wer 3,842,148.88 Current amount of Prepayment Premiums 144,821.78 Current Delinquency Rate (60+days) 0.37562% Rolling Three Month Delinquency Rate (60+days) 0.22660% Number of Loans Repurchased 0 Principal Balance of Loans Repurchased 0.00 Realized Losses incurred during the related Due Period 0.00 Cumulative Realized Losses since Startup Day 0.00 Weighted Average Term to Maturity of Mortgage Loans 354 Weighted Average Gross Coupon of Mortgage Loans 8.58118% Weighted Average Net Coupon of Mortgage Loans 8.07404% Aggregate number of Mortgage Loans in the pool 7400 Insured Payment on Class As 0.00 Senior Enhancement Percentage 15.08187% Net Excess Spread 1.57879% Deposit to Basis Risk Reserve Fund 0.00 Basis Risk Reserve Fund Balance 5,000.00 Interest Rate Cap Account Beginning Balance 0.00 Deposits 0.00 Withdrawals 0.00 Ending Balance 0.00 Target Amount for the preceding Distribution Date 15,312,502.99 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. Credit Suisse First Boston Mortgage Securities Corp. Home Equity Asset Trust Mortgage Pass-Through Certificates, HEAT Series 2002-4 By: /s/ Sheryl Christopherson Name: Sheryl Christopherson Title: Vice President US Bank, NA

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) January 9, 2003
Credit Suisse First Boston Mortgage Securities Corp.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation)	333-77054 (Commission File Number)		13-3320910 (IRS Employer ID Number)
11 Madison Avenue, New York, N.Y.		10010
(Address of principal executive offices)		(Zip Code)
Registrant’s Telephone Number, including area code:		(212) 325-2000
N/A
(Former name or former address, if changed since last report)

Item 5. Other Events.

This Current Report on Form 8-K is being filed to file a copy of the Pooling and Servicing Agreement dated as of September 1, 2002, among Credit Suisse First Boston Mortgage Securities Corp., as depositor, DLJ Mortgage Capital, Inc., as seller, Fairbanks Capital Corp., as servicer and special servicer, and U.S. Bank National Association, as trustee (the “Pooling and Servicing Agreement”), in connection with the issuance by Home Equity Asset Trust 2002-4 of Home Equity Pass-Through Certificates, Series 2002-4.

Item 7.

Financial Statements, Pro Forma Financial Information and Exhibits.

(q)

Not applicable.

(r)

Not applicable.

(s)

Exhibits:

4.1

Pooling and Servicing Agreement

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.

CREDIT SUISSE FIRST BOSTON MORTGAGE CORP.

By:

/s/ Brian Simons

Name:

Brian Simons

Title:

Vice President

Dated: January 9, 2003

EXHIBIT 4.1

Filing Compare · HOME EQUITY PASS THROUGH CERTIFICATES SERIES 2002-4