8-K 1 sami023sep03.txt SAMI 2002-3, SEP 2003, 8K UNITED STATES 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): September 28, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2002-3 (Pass-Through Certificates Series 2002-3) (Exact name of registrant as specified in its charter) Delaware (governing law of 333-68542-01 13-3633241 Trust and Pooling Agreement) (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification Number) 383 Madison Avenue, New York, New York 10179 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (212) 272-2000 Not Applicable (Former name or former address, if changed since last report) ITEM 5 Other Events On September 28, 2003 a distribution was made to holders of Structured Asset Mortgage Investments Trust 2002-3 Pass-Through Certificates. The distribution was made pursuant to the provisions of a Trust and Pooling Agreement, dated as of April 1, 2002, among Structured Asset Mortgage Investments Inc., as seller, U.S. Bank National Association, as trustee, and U.S. Bank Trust National Association, as Delaware trustee. ITEM 7. Financial Statements and Exhibits (C) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Structured Asset Mortgage Investments Trust 2002-3 Pass-Through Certificates, relating to the September 28, 2003 distribution. 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. STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2002-3 By: U.S. Bank National Association, as Trustee By: /s/ Sheryl Christopherson Name: Sheryl Christopherson Title: Vice President Dated: October 16, 2003 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Structured Asset Mortgage Investments Trust 2002-3 Pass-Through Certificates, relating to the September 28, 2003 distribution

~~UNITED~~Structured ~~STATESSECURITIES~~Assets ~~AND~~Mortgage ~~EXCHANGE COMMISSIONWashington~~Investment Trust Administrator: Sheryl Christopherson Pass-Through Certificates, DSeries 2002-3 US Bank, NA 60 Livingston Ave STATEMENT TO CERTIFICATEHOLDERS Saint Paul, MN 55107 Distribution Date: September,30 2003 Original Beginning Distribution Supp.C Dist Total Certificate Certificate Date Principal Date Principal Principal Class Face Value Balance Distribution Distribution (1) Distribution 1A 50000000.00 ~~20549FORM~~0.00 80.00 0.00 0.00 2A 114000000.00 0.00 0.00 0.00 0.00 3A 61000000.00 1693308.00 670024.16 0.00 670024.16 CC 51184155.00 32924300.90 4610299.88 0.00 4610299.88 R 0.00 0.00 0.00 0.00 0.00 CC-~~KCurrent~~1B ~~Report Pursuant~~22884163.00 to17211168.84 ~~Section~~3701284.77 130.00 or3701284.77 15CC-2B 10854768.00 5831876.36 943970.62 0.00 943970.62 CC-3B 8661995.00 9569896.79 -59811.85 0.00 -59811.85 CC-4A 8783229.00 311358.91 24856.34 0.00 24856.34 CC-IO 65061437.00 2026252.68 0.00 0.00 0.00 Total (d3) ~~ofthe~~276184155.00 ~~Securities~~34617608.90 ~~Exchange~~5280324.04 ~~Act~~0.00 ~~of 1934~~5280324.04

Distribution Supp. Dist Total Ending Date ofRealized ~~Report~~Date Realized Realized Certificate Class Losses Losses (~~date~~1) ofLosses ~~earliest~~Balance ~~event~~(2) ~~reported~~1A 0.00 0.00 0.00 0.00 2A 0.00 0.00 0.00 0.00 3A 0.00 0.00 0.00 1023283.84 CC 0.00 0.00 0.00 28314001.02 R 0.00 0.00 0.00 0.00 CC-1B 0.00 0.00 0.00 13509884.07 CC-2B 0.00 0.00 0.00 4887905.74 CC-3B 0.00 0.00 0.00 9629708.64 CC-4A 0.00 0.00 0.00 286502.57 CC-IO 0.00 0.00 0.00 1787694.64 Total (3): ~~August~~0.00 ~~28, 2003~~0.00 0.00 29337284.86

~~STRUCTURED~~Distribution ~~ASSET~~Supp. ~~MORTGAGE~~Dist ~~INVESTMENTS~~Total ~~TRUST 2002-3~~Date Interest Date Interest Interest Total Interest Certificate Class Distribution Distribution (~~Pass~~1) Distribution Distribution Shortfalls Rate 1A 0.00 0.00 0.00 0.00 0.00 6.7500% 2A 0.00 0.00 0.00 0.00 0.00 7.0000% 3A 10583.18 0.00 10583.18 680607.34 0.00 7.5000% CC 202722.51 0.00 202722.51 4813022.39 1656.03 N/A R 0.00 0.00 0.00 0.00 0.00 N/A CC-~~Through~~1B ~~Certificates~~95156.79 ~~Series~~0.00 ~~2002~~95156.79 3796441.56 1656.03 6.7500% CC-~~3)(Exact~~2B ~~name~~34019.28 of0.00 ~~registrant as~~34019.28 ~~specified~~977989.90 in0.00 ~~its~~7.0000% ~~charter~~CC-3B 59811.85 0.00 59811.85 0.00 0.00 7.5000% CC-4A 12116.51 0.00 12116.51 36972.85 0.00 46.6979% CC-IO 1618.08 0.00 1618.08 1618.08 0.00 0.9583% Total (3) 213305.69 0.00 213305.69 5493629.73 1656.03

(1) If applicable. (2) Class CC-1B Ending Balance includes accrual amount of 0.00 Class CC-2B Ending Balance includes accrual amount of 0.00 Class CC-3B Ending Balance includes accrual amount of 59811.85 (3) Totals do not include Class CC component breakout

~~Delaware~~AMOUNTS ~~(governing~~PER ~~law~~$1,000 ofUNIT ~~Trust~~Ending ~~andPooling~~Principal ~~Agreement)(State~~Interest orTotal ~~other~~Realized ~~jurisdiction~~Certificate ofClass ~~Incorporation)~~Cusip ~~333~~Distribution Distribution Distribution Losses Balance 1A 86358HNC9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A 86358HND7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3A 86358HNE5 10.98400262 0.17349475 11.15749738 0.00000000 16.77514492 CC 86358HNF2 90.07279460 3.96064983 94.03344443 0.00000000 553.17902620 CC-~~68542~~1B N/A 161.74001077 4.15819424 165.89820500 0.00000000 590.35954559 CC-~~01(CommissionFile~~2B ~~Number)~~N/A 1386.96368453 3.13404027 90.09772480 0.00000000 450.30034175 CC-~~3633241(IRS~~3B ~~Employer~~N/A ~~IdentificationNumber)~~-6.90508942 6.90508942 0.00000000 0.00000000 1111.71948725 CC-4A N/A 2.82997745 1.37950519 4.20948264 0.00000000 32.61927590 CC-IO N/A 0.00000000 0.02487003 0.02487003 0.00000000 27.47702360 R 86358HNG0 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

Pursuant to Section 3.06 (a) of the Pooling Agreement dated April 1, 2002 (i) Available Principal 5280324.04 Available Interest 213305.69 Total Available Funds 5493629.73 (ii) Amount of interest being distributed to each Class of Certificates and the Certificate Rates for each Class of Certificates. See Page 1 (iii) Accrual Amounts for the Class CC-1B, Class CC-2B and Class CC-3B Certificates See Page 1 (iv) Amount of reinvestment income distributed to the Trustee 0.00 (v) Amount of principal being distributed to each Class of Certificates See Page 1 (vi) Loss Amounts allocated to each Class of Certificates Class Current Period Since Issuance 1A 0.00 0.00 2A 0.00 0.00 3A 0.00 0.00 CC 0.00 0.00 CC-1B 0.00 0.00 CC-2B 0.00 0.00 CC-3B 0.00 0.00 CC-4A 0.00 0.00 (vii) Class Principal Balances for each Class of Certificates See Page 1 (viii) Aggregate Pooled Security Distribution Date Principal Balance as of the second immediately preceding Pooled Security Distribution 34617609.23 (ix) Aggregate Pooled Security Distribution Date Principal Balance as of the immediately preceding Pooled Security Distribution Date 0.00

~~383~~Structured ~~Madison~~Assets ~~Avenue~~Mortgage Investment Trust Administrator: Sheryl Christopherson Pass-Through Certificates, ~~New~~Series ~~York~~2002-3 US Bank, ~~New~~NA ~~York~~60 Livingston Ave STATEMENT TO CERTIFICATEHOLDERS St. Paul, MN 55107 Distribution Date: September,30 2003 Pursuant to Section 3.06 (~~Address~~b) of ~~principal~~the ~~executive~~Pooling ~~offices~~Agreement dated March 1, 2001 (i)~~Registrant's~~ ~~Telephone~~(A), ~~Number~~(B), ~~including~~(C), ~~area~~(E), ~~code:~~(G), ~~10179~~(~~Zip~~H) ~~Code~~Class A-1 and Class CC-1B Related Pooled Securities Issue Series Cusip Beginning Ending Principal Interest Total Certificate Number Balance Balance Distributed Distributed Distributed AMAC 98-1 (1A-1-5) 00077BEY5 8289802.00 7150203.16 1139598.84 46630.14 1186228.98 MRFC 98-2 (~~212~~A-11-2)* ~~272~~060506AB8 0.00 0.00 0.00 0.00 0.00 MRFC 98-~~2000~~2 (A-11-4) 16162TDC7 8921507.50 6359821.57 2561685.93 48526.65 2610212.58 Total 17211309.50 13510024.73 3701284.77 95156.79 3796441.56 Current Period Cumulative Stated Effective Realized Realized Interest Interest Interest Interest Losses Losses Shortfall $ Shortfall % Rate Rate AMAC 98-1 (1A-1-5) 0.00 0.00 0.00 0.000% 6.750% 6.750% MRFC 98-2 (A-11-2)* 0.00 0.00 0.00 0.000% 6.750% 0.000% MRFC 98-2 (A-11-4) 0.00 0.00 1656.83 0.223% 6.750% 6.527% Total 0.00 0.00 0.00 0.000% 0.000% *Interest is Deferred

~~Not~~Class ~~Applicable~~A-2 and Class CC-2B Related Pooled Securities Issue Series Cusip Beginning Ending Principal Interest Total Certificate Number Balance Balance Distributed Distributed Distributed AMAC 98-1 (~~Former~~1A-1-3) ~~name~~055240KN4 or0.00 ~~former address,~~0.00 if0.00 ~~changed~~0.00 ~~since~~0.00 ~~last~~CHEMPT ~~report~~94-3 (A-6 PAC) 055240KV6 2962783.01 2826457.74 136325.27 17282.90 153608.17 CHEMPT 94-3 (A-6 TAC) 055240LQ6 0.00 0.00 0.00 0.00 0.00 GECMS 96-6 (A-12B TAC) 172953JE2 0.00 0.00 0.00 0.00 0.00 GECMS 96-6 (A-12C TAC) 12669AK37 0.00 0.00 0.00 0.00 0.00 GECMS 97-9 (1-A11 4) 36157RWB7 0.00 0.00 0.00 0.00 0.00 HSMS 98-2 (1A-1 three) 36157RYG4 0.00 0.00 0.00 0.00 0.00 PHMSC 95-7 (A-11B) 66937REF2 0.00 0.00 0.00 0.00 0.00 PHMSC 95-7 (A-11C) 66937RGW3 0.00 0.00 0.00 0.00 0.00 PHMSC 96-6 (A-4 TAC ACC) 66937RQQ5 0.00 0.00 0.00 0.00 0.00 PHMSC 98-1 (II-A-1-2) 69348RAN6 0.00 0.00 0.00 0.00 0.00 PHMSC 98-1 (II-A-1-5) 69348RAU0 2869093.66 2061448.31 807645.35 16736.38 824381.73 Total 5831876.67 4887906.05 943970.62 34019.28 977989.90 Current Period Cumulative Stated Effective Issue Series Realized Realized Interest Interest Interest Interest Certificate Losses Losses Shortfall $ Shortfall % Rate Rate AMAC 98-1 (1A-1-3) 0.00 0.00 0.00 0.000% 7.000% 0.000% CHEMPT 94-3 (A-6 PAC) 0.00 0.00 0.00 0.000% 7.000% 7.000% CHEMPT 94-3 (A-6 TAC) 0.00 0.00 0.00 0.000% 7.000% 0.000% GECMS 96-6 (A-12B TAC) 0.00 0.00 0.00 0.000% 7.000% 0.000% GECMS 96-6 (A-12C TAC) 0.00 0.00 0.00 0.000% 7.000% 0.000% GECMS 97-9 (1-A11 4) 0.00 0.00 0.00 0.000% 7.000% 0.000% HSMS 98-2 (1A-1 three) 0.00 0.00 0.00 0.000% 7.000% 0.000% PHMSC 95-7 (A-11B) 0.00 0.00 0.00 0.000% 7.000% 0.000% PHMSC 95-7 (A-11C) 0.00 0.00 0.00 0.000% 7.000% 0.000% PHMSC 96-6 (A-4 TAC ACC) 0.00 0.00 0.00 0.000% 7.000% 0.000% PHMSC 98-1 (II-A-1-2) 0.00 0.00 0.00 0.000% 7.000% 0.000% PHMSC 98-1 (II-A-1-5) 0.00 0.00 0.00 0.000% 7.000% 7.000% Total 0.00 0.00 0.00 0.000% 7.000%

~~ITEM~~Class 5A-3 and Class CC-3B Related Pooled Securities Issue Series Cusip Beginning Ending Principal Interest Total Certificate Number Balance Balance Distributed Distributed Distributed CHEMPT 94-3 (A-6 PAC) 060506DQ2 6913160. ~~Other~~37 ~~Events~~6595068.07 318092.30 43207.25 361299.55 CHEMPT 94-3 (A-6 TAC) 1616263L8 0.00 0.00 0.00 0.00 0.00 PHMSC 95-7 (A-11A) 16162TAA4 0.00 0.00 0.00 0.00 0.00 PHMSC 96-6 (A-4 TAC ACC) 16162TDC7 0.00 0.00 0.00 0.00 0.00 PHMSC 98-1 (II-A-1-2) 16162TMW3 0.00 0.00 0.00 0.00 0.00 PNCMS 95-2 (A-7 T-2) 172953EY3 4350044.44 4057924.43 292120.01 27187.78 319307.79 SASI 95-4 (A-8 ACCSCH) 12669ATF1 0.00 0.00 0.00 0.00 0.00 Total 11263204.81 10652992.50 610212.31 70395.03 680607.34 Current Period Cumulative Stated Effective Realized Realized Interest Interest Interest Interest Losses Losses Shortfall $ Shortfall % Rate Rate CHEMPT 94-3 (A-6 PAC) 0.00 0.00 0.00 0.000% 7.500% 7.500% CHEMPT 94-3 (A-6 TAC) 0.00 0.00 0.00 0.000% 7.500% 0.000% PHMSC 95-7 (A-11A) 0.00 0.00 0.00 0.000% 7.500% 0.000% PHMSC 96-6 (A-4 TAC ACC) 0.00 0.00 0.00 0.000% 7.500% 0.000% PHMSC 98-1 (II-A-1-2) 0.00 0.00 0.00 0.000% 7.500% 0.000% PNCMS 95-2 (A-7 T-2) 0.00 0.00 0.00 0.000% 7.500% 7.500% SASI 95-4 (A-8 ACCSCH) 0.00 0.00 0.00 0.000% 7.500% 0.000% Total 0.00 0.00 0.00 0.000% 7.500%

~~On August~~Class ~~28,~~CC-4A ~~2003~~Related aPooled ~~distribution~~Securities ~~was~~Issue ~~made~~Series toCusip ~~holders~~Beginning ofEnding ~~Structured~~Principal ~~Asset~~Interest ~~Mortgage Investments~~Total ~~Trust~~Certificate ~~2002~~Number Balance Balance Distributed Distributed Distributed AMAC 98-31 ~~Pass~~(1A-~~Through~~1-1) ~~Certificates~~00077BJM6 0.00 ~~The~~0.00 ~~distribution~~0.00 ~~was~~0.00 ~~made pursuant~~0.00 toAMAC ~~the~~98-1 ~~provisions~~(1A-1-4) of073914YT4 a81129.21 ~~Trust~~81018.25 ~~and~~110.96 ~~Pooling~~0.00 ~~Agreement,~~110.96 ~~dated~~AMAC as98-1 of(1A-1-6)** ~~April~~ 16162TNR3 553679.21 502859.96 0.00 3114.45 3114.45 GECMS 97-9 (1,-A11 ~~2002,~~B ~~among~~PO2) ~~Structured~~1729215M6 ~~Asset~~0.00 ~~Mortgage~~0.00 ~~Investments~~0.00 ~~Inc~~0.,00 as0.00 ~~seller,~~HSMS U98-2 (1A-1 One) 172953CA7 0.S00 0.00 ~~Bank National~~0.00 ~~Association,~~0.00 as0.00 ~~trustee,~~HSMS ~~and~~98-2 U(1A-1 Four) 172953FZ9 17273.S98 16068.54 ~~Bank~~1205.44 ~~Trust~~0.00 ~~National~~1205.44 ~~Association,~~HSMS ~~as Delaware~~98-2 ~~trustee~~(1A-1 Five)** 12669BDE9 570305.76 507459.93 0.00 3207.97 3207.97 MRFC 98-2 (A-11-5)** 12669BDF6 21517865.41 18304717.36 0.00 2351.37 2351.37 MRFC 98-2 (A-11-6) 12669BKC5 16625.78 16492.54 133.24 0.00 133.24 PHMSC 96-6 (A-4 PO) 36157RCL7 0.00 0.00 0.00 0.00 0.00 PHMSC 96-6 (A-4 IO B)** 36157RPZ2 0.00 0.00 0.00 0.00 0.00 PNCMS 95-2 (A-7 PO) 36158GGZ5 120959.33 120019.57 939.76 0.00 939.76 PNCMS 95-2 (A-7 W)** 36157R6S9 8605554.01 8077272.90 0.00 717.13 717.13 PHMSC 98-1 (II-A-1-1) 66937NXJ2 51753.15 29318.39 22434.76 0.00 22434.76 PHMSC 98-1 (II-A-1-4) 66937NL55 23618.13 23585.95 32.18 0.00 32.18 PHMSC 98-1 (II-A-1-6)** 66937RF53 467244.29 379756.23 0.00 2725.59 2725.59 SASI 95-4 (A-8 PO) 69348LTW9 0.00 0.00 0.00 0.00 0.00 Total 311359.58 286503.24 24856.34 12116.51 36972.85 **Denotes Notional Class Current Period Cumulative Stated Effective Issue Series Realized Realized Interest Interest Interest Interest Certificate Losses Losses Shortfall $ Shortfall % Rate Rate AMAC 98-1 (1A-1-1) 0.00 0.00 0.00 0.000% 0.000% 0.000% AMAC 98-1 (1A-1-4) 0.00 0.00 0.00 0.000% 0.000% 0.000% AMAC 98-1 (1A-1-6)** 0.00 0.00 0.00 0.000% 6.750% 6.750% GECMS 97-9 (1-A11 B PO2) 0.00 0.00 0.00 0.000% 0.000% 0.000% HSMS 98-2 (1A-1 One) 0.00 0.00 0.00 0.000% 0.000% 0.000% HSMS 98-2 (1A-1 Four) 0.00 0.00 0.00 0.000% 0.000% 0.000% HSMS 98-2 (1A-1 Five)** 0.00 0.00 0.00 0.000% 6.750% 6.750% MRFC 98-2 (A-11-5)** 0.00 0.00 0.00 0.000% 0.131% 0.131% MRFC 98-2 (A-11-6) 0.00 0.00 0.00 0.000% 0.000% 0.000% PHMSC 96-6 (A-4 PO) 0.00 0.00 0.00 0.000% 0.000% 0.000% PHMSC 96-6 (A-4 IO B)** 0.00 0.00 0.00 0.000% 0.000% 0.000% PNCMS 95-2 (A-7 PO) 0.00 0.00 0.00 0.000% 0.000% 0.000% PNCMS 95-2 (A-7 W)** 0.00 0.00 0.00 0.000% 0.100% 0.100% PHMSC 98-1 (II-A-1-1) 0.00 0.00 0.00 0.000% 0.000% 0.000% PHMSC 98-1 (II-A-1-4) 0.00 0.00 0.00 0.000% 0.000% 0.000% PHMSC 98-1 (II-A-1-6)** 0.00 0.00 0.00 0.000% 7.000% 7.000% SASI 95-4 (A-8 PO) 0.00 0.00 0.00 0.000% 0.000% 0.000% Total 0.00 0.00 0.00 0.000% 46.698% **Denotes Notional Class

~~ITEM~~Class CC-IO Related Pooled Securities Issue Series Cusip Beginning Ending Principal Interest Total Certificate Number Balance Balance Distributed Distributed Distributed AMAC 98-1 (1A-1-2)** 1729215M6 0.00 0.00 0.00 0.00 0.00 GECMS 96-6 (A-12D IO)** 12669BKC5 0.00 0.00 0.00 0.00 0.00 GECMS 97-9 (1-A11 F IO6)** 12669BHC9 0.00 0.00 0.00 0.00 0.00 HSMS 98-2 (1A-1 Two)** 36157R6S9 0.00 0.00 0.00 0.00 0.00 MRFC 98-2 (A-11-3)** 66937RF53 0.00 0.00 0.00 0.00 0.00 PHMSC 95-7 (A-11A)** 74434UQW7 0. ~~Financial~~00 ~~Statements~~0.00 ~~and~~0.00 ~~Exhibits~~0.00 0.00 PHMSC 96-6 (A-4 IO a)** 76110FV34 0.00 0.00 0.00 0.00 0.00 PNCMS 95-2 (A-7-S-2) ** 760944QB7 1944893.84 1720138.09 0.00 1215.56 1215.56 PHMSC 98-1 (II-A-1-3)** 67556.55 67556.55 0.00 402.52 402.52 SASI 95-4 (A-8 IO)** 0.00 0.00 0.00 0.00 0.00 Total 2012450.39 1787694.64 0.00 1618.08 1618.08 **Denotes Notional Class Current Period Cumulative Stated Effective Issue Series Realized Realized Interest Interest Interest Interest Certificate Losses Losses Shortfall $ Shortfall % Rate Rate AMAC 98-1 (1A-1-2)** 0.00 0.00 0.00 0.000% 7.000% 0.000% GECMS 96-6 (A-12D IO)** 0.00 0.00 0.00 0.000% 7.000% 0.000% GECMS 97-9 (1-A11 F IO6)** 0.00 0.00 0.00 0.000% 0.500% 0.000% HSMS 98-2 (1A-1 Two)** 0.00 0.00 0.00 0.000% 7.000% 0.000% MRFC 98-2 (A-11-3)** 0.00 0.00 0.00 0.000% 6.750% 0.000% PHMSC 95-7 (A-11A)** 0.00 0.00 0.00 0.000% 1.100% 0.000% PHMSC 96-6 (A-4 IO a)** 0.00 0.00 0.00 0.000% 7.250% 0.000% PNCMS 95-2 (A-7-S-2) ** 0.00 0.00 0.00 0.000% 0.750% 0.750% PHMSC 98-1 (II-A-1-3)** 0.00 0.00 0.00 0.000% 7.150% 7.150% SASI 95-4 (A-8 IO)** 0.00 0.00 0.00 0.000% 7.500% 0.000% Total 0.00 0.00 0.00 0.000% 0.958% **Denotes Notional Class

CASH RECONCILIATION DEAL NAME: Structured Asset Mortgage Investment Trust 2002-3 SERIES: Pass-Through Certificates, Series 2002-3 ISSUE DATE: 04/30/02 DISTRIBUTION DATE: 09/30/03 RUN DATE: 10/16/03 CASH RECONCILIATION A. Collections on Underlying Certificates 5493629.73 Total Collections 5493629.73 DISTRIBUTION SUMMARY AND RECONCILIATION: B. Distributions (Section 3.05) 1A 0.00 2A 0.00 3A 680607.34 CC 4813022.39 R 0.00 CC-1B 3796441.56 CC-2B 977989.90 CC-3B 0.00 CC-4A 36972.85 CC-IO 1618.08 Total Amount Distributed 5493629.73 Difference between A and B 0.00

Exhibit NumberEX-99.1 DescriptionMonthly report distributed to holders of Structured Asset Mortgage Investments Trust 2002-3 Pass-Through Certificates, relating to the August 28, 2003 distribution

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.

STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2002-3By: U.S. Bank National Association, as TrusteeBy: /s/ Sheryl ChristophersonName: Sheryl ChristophersonTitle: Vice President

Dated: September 12, 2003

INDEX TO EXHIBITS

Exhibit NumberEX-99.1 DescriptionMonthly report distributed to holders of Structured Asset Mortgage Investments Trust 2002-3 Pass-Through Certificates, relating to the August 28, 2003 distribution

Exhibit 99.1

<TABLE>
<CAPTION>
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STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
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DISTRIBUTION DATE:                           28-Aug-03
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                                                                                                    SUPP.
                                      DISTRIBUTION     SUPP.                        DISTRIBUTION   DIST
         ORIGINAL      BEGINNING          DATE        DIST DATE        TOTAL        DATE           DATE     TOTAL      ENDING
       CERTIFICATE    CERTIFICATE      PRINCIPAL      PRINCIPAL       PRINCIPAL     REALIZED      REALIZED  REALIZED  CERTIFICATE
CLASS  FACE VALUE       BALANCE       DISTRIBUTION   DISTRIBUTION (1) DISTRIBUTION   LOSSES       LOSSES (1) LOSSES    BALANCE (2)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>               <C>             <C>           <C>            <C>          <C>       <C>     <C>
 1A     $50,000,000.00          $0.00          $0.00       $0.00            $0.00        $0.00     $0.00    $0.00           $0.00
 2A    $114,000,000.00          $0.00          $0.00       $0.00            $0.00        $0.00     $0.00    $0.00           $0.00
 3A     $61,000,000.00  $3,633,650.07  $1,940,342.07       $0.00    $1,940,342.07        $0.00     $0.00    $0.00   $1,693,308.00
 CC     $51,184,155.00 $39,301,816.64  $6,377,515.74       $0.00    $6,377,515.74        $0.00     $0.00    $0.00  $32,924,300.90
  R              $0.00          $0.00          $0.00       $0.00            $0.00        $0.00     $0.00    $0.00           $0.00
CC-1B   $22,884,163.00 $21,670,484.49  $4,459,315.65       $0.00    $4,459,315.65        $0.00     $0.00    $0.00  $17,211,168.84
CC-2B   $10,854,768.00  $7,737,418.05  $1,905,541.69       $0.00    $1,905,541.69        $0.00     $0.00    $0.00   $5,831,876.36
CC-3B    $8,661,995.00  $9,510,456.44    ($59,440.35)      $0.00      ($59,440.35)       $0.00     $0.00    $0.00   $9,569,896.79
CC-4A    $8,783,229.00    $383,457.66     $72,098.75       $0.00       $72,098.75        $0.00     $0.00    $0.00     $311,358.91
CC-IO   $65,061,437.00  $2,286,836.67          $0.00       $0.00            $0.00        $0.00     $0.00    $0.00   $2,026,252.68
------------------------------------------------------------------------------------------------------------------------------------
TOTAL  $276,184,155.00 $42,935,466.71   $8,317,857.81      $0.00    $8,317,857.81        $0.00     $0.00    $0.00  $34,617,608.90
(3)
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</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
           DISTRIBUTION DATE    SUPP. DIST DATE     TOTAL
               INTEREST            INTEREST         INTEREST        TOTAL          INTEREST      CERTIFICATE
 CLASS        DISTRIBUTION      DISTRIBUTION (1)  DISTRIBUTION    DISTRIBUTION     SHORTFALLS       RATE
------------------------------------------------------------------------------------------------------------
<S>              <C>                  <C>        <C>             <C>                 <C>           <C>
     1A                  $0.00        $0.00             $0.00              $0.00         $0.00      6.7500%
     2A                  $0.00        $0.00             $0.00              $0.00         $0.00      7.0000%
     3A             $22,710.31        $0.00        $22,710.31      $1,963,052.38         $0.00      7.5000%
     CC            $239,208.42        $0.00       $239,208.42      $6,616,724.16     $2,288.22          N/A
     R                   $0.00        $0.00             $0.00              $0.00         $0.00          N/A
   CC-1B           $119,608.26        $0.00       $119,608.26      $4,578,923.91     $2,288.22      6.7500%
   CC-2B            $45,134.94        $0.00        $45,134.94      $1,950,676.63         $0.00      7.0000%
   CC-3B            $59,440.35        $0.00        $59,440.35              $0.00         $0.00      7.5000%
   CC-4A            $13,176.57        $0.00        $13,176.57         $85,275.32         $0.00     41.2350%
   CC-IO             $1,848.30        $0.00         $1,848.30          $1,848.30         $0.00      0.9699%
------------------------------------------------------------------------------------------------------------
TOTAL (3)          $261,918.73        $0.00       $261,918.73      $8,579,776.54     $2,288.22
------------------------------------------------------------------------------------------------------------
(1) If applicable.
(2) Class CC-1B Ending Balance includes accrual amount of             $0.00
    Class CC-2B Ending Balance includes accrual amount of             $0.00
    Class CC-3B Ending Balance includes accrual amount of        $59,440.35
(3) Totals do not include Class CC component breakout
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE:                           28-Aug-03

                                              AMOUNTS PER $1,000 UNIT
-------------------------------------------------------------------------------------------------------------
                                                                                                  ENDING
                                PRINCIPAL          INTEREST          TOTAL        REALIZED      CERTIFICATE
    CLASS         CUSIP         DISTRIBUTION      DISTRIBUTION    DISTRIBUTION    LOSSES         BALANCE
-------------------------------------------------------------------------------------------------------------
<S>              <C>              <C>              <C>               <C>          <C>            <C>
 lA            86358HNC9         0.00000000        0.00000000       0.00000000     0.00000000     0.00000000
 2A            86358HND7         0.00000000        0.00000000       0.00000000     0.00000000     0.00000000
 3A            86358HNE5        31.80888639        0.37230016      32.18118656     0.00000000    27.75914754
 CC            86358HNF2       124.59941441        4.67348568     129.27290009     0.00000000   643.25182080
CC-1B             N/A          194.86470403        5.22668254     200.09138657     0.00000000   752.09955636
CC-2B             N/A          175.54881781        4.15807505     179.70689286     0.00000000   537.26402628
CC-3B             N/A           -6.86220091        6.86220091       0.00000000     0.00000000  1104.81439784
CC-4A             N/A            8.20868385        1.50019657       9.70888041     0.00000000    35.44925334
CC-IO             N/A            0.00000000        0.02840853       0.02840853     0.00000000    31.14368163
  R            86358HNG0         0.00000000        0.00000000       0.00000000     0.00000000     0.00000000
-------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE:                           28-Aug-03

                                                    PURSUANT TO SECTION 3.06(a)
                                            OF THE POOLING AGREEMENT DATED APRIL 1,2002

<S>                                                                                      <C>
(i) Available Principal                                                                  $8,317,857.81
    Available Interest                                                                     $261,918.74

      Total Available Funds                                                              $8,579,776.55

(ii)   Amount of interest being distributed to each Class of Certificates and the
       Certificate Rates for each Class of Certificates.                                     See Page 1

(iii)  Accrual Amounts for the Class CC-1B, Class CC-2B and Class CC-3B Certificates         See Page 1

(iv)   Amount of reinvestment income distributed to the Trustee                                   $0.00

(v)    Amount of principal being distributed to each Class of Certificates                   See Page 1

(vi)   Loss Amounts allocated to each Class of Certificates                            ------------------------------------------
                                                                                       Class   Current Period    Since Issuance
                                                                                       ------------------------------------------
                                                                                       1A        $0.00               $0.00
                                                                                       2A        $0.00               $0.00
                                                                                       3A        $0.00               $0.00
                                                                                       CC        $0.00               $0.00
                                                                                       CC-lB     $0.00               $0.00
                                                                                       CC-2B     $0.00               $0.00
                                                                                       CC-3B     $0.00               $0.00
                                                                                       CC-4A     $0.00               $0.00

(vii)  Class Principal Balances for each Class of Certificates                               See Page 1

(viii) Aggregate Pooled Security Distribution Date Principal Balance as of the
       second immediately preceding Pooled Security Distribution Date                    $42,935,467.04

(ix) Aggregate Pooled Security Distribution Date Principal Balance as of the
     immediately preceding Pooled Security Distribution Date                             $34,617,609.23
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE:                           28-Aug-03

                                                    PURSUANT TO SECTION 3.06(b)
                                            OF THE POOLING AGREEMENT DATED MARCH 1,2001

(i)(A),(B),(C),(E),(G),(H)

CLASS A-1 AND CLASS CC-1B RELATED POOLED SECURITIES
------------------------------------------------------------------------------------------------
ISSUE
SERIES               BEGINNING      ENDING         PRINCIPAL       INTEREST        TOTAL
CERTIFICATE          BALANCE        BALANCE        DISTRIBUTED     DISTRIBUTED     DISTRIBUTED
------------------------------------------------------------------------------------------------
<S>                  <C>            <C>            <C>             <C>             <C>
AMAC98-1(1A-1-5)     $9,969,510.12  $8,289,802.00  $1,679,708.12   $56,078.49      $1,735,786.61
MRFC 98-2(A-11-2)*           $0.00          $0.00          $0.00        $0.00              $0.00
MRFC 98-2(A-11-4)   $11,701,115.03  $8,921,507.50  $2,779,607.53   $63,529.77      $2,843,137.30
------------------------------------------------------------------------------------------------
     TOTAL          $21,670,625.15 $17,211,309.50  $4,459,315.65  $119,608.26       $4,578,923.91
------------------------------------------------------------------------------------------------
* Interest is Deferred

-------------------------------------------------------------------------------------------------------
                     CURRENT
ISSUE                PERIOD        CUMULATIVE                                   STATED       EFFECTIVE
SERIES               REALIZED      REALIZED      INTEREST        INTEREST       INTEREST     INTEREST
CERTIFICATE          LOSSES        LOSSES        SHORTFALL$      SHORTFALL%     RATE         RATE
-------------------------------------------------------------------------------------------------------
AMAC98-1(1A-1-5)      $0.00         $0.00           $0.00         0.000%        6.750%        6.750%
MRFC 98-2(A-11-2)*    $0.00         $0.00           $0.00         0.000%        6.750%        0.000%
MRFC 98-2(A-11-4)     $0.00         $0.00       $2,289.00         0.235%        6.750%        6.515%
-------------------------------------------------------------------------------------------------------
     TOTAL            $0.00         $0.00       $2,289.00         0.127%                      6.623%
-------------------------------------------------------------------------------------------------------
* Interest is Deferred
</TABLE>


<TABLE>
<CAPTION>
CLASS A-2 AND CLASS CC-2B RELATED POOLED SECURITIES
------------------------------------------------------------------------------------------------------------------
                                                                                                           CURRENT
ISSUE                                                                                                       PERIOD
SERIES                      BEGINNING          ENDING       PRINCIPAL         INTEREST         TOTAL      REALIZED
CERTIFICATE                  BALANCE          BALANCE       DISTRIBUTED     DISTRIBUTED     DISTRIBUTED     LOSSES
------------------------------------------------------------------------------------------------------------------
<S>                               <C>            <C>            <C>              <C>            <C>           <C>
AMAC 98-1(1A-1-3)                $0.00            $0.00          0.00           $0.00          $0.00        $0.00
CHEMPT 94-3(A-6 PAC)     $3,099,490.65     2,962,783.01    136,707.63      $18,080.36    $154,787.99        $0.00
CHEMPT 94-3(A-6 TAC)       $315,992.72            $0.00   $315,992.72       $1,843.29    $317,836.01        $0.00
GECMS 96-6(A-12B TAC)            $0.00            $0.00          0.00           $0.00          $0.00        $0.00
GECMS 96-6(A-12C TAC)            $0.00            $0.00          0.00           $0.00          $0.00        $0.00
GECMS 97-9(1-A11 4)              $0.00            $0.00          0.00           $0.00          $0.00        $0.00
HSMS  98-2(1A-1 three)           $0.00            $0.00          0.00           $0.00          $0.00        $0.00
PHMSC 95-7(A-11B)                $0.00            $0.00          0.00           $0.00          $0.00        $0.00
PHMSC 95-7(A-11C)                $0.00            $0.00          0.00           $0.00          $0.00        $0.00
PHMSC 96-6(A-4 TAC ACC)          $0.00            $0.00          0.00           $0.00          $0.00        $0.00
PHMSC 98-1(II-A-1-2)             $0.00            $0.00          0.00           $0.00          $0.00        $0.00
PHMSC 98-1(II-A-1-5)     $4,321,935.00    $2,869,093.66 $1,452,841.34       25,211.29  $1,478,052.63        $0.00
------------------------------------------------------------------------------------------------------------------
     TOTAL               $7,737,418.37    $5,831,876.67 $1,905,541.69      $45,134.94  $1,950,676.63        $0.00
------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------
ISSUE                       CUMULATIVE                                  STATED     EFFECTIVE
SERIES                      REALIZED     INTEREST        INTEREST       INTEREST   INTEREST
CERTIFICATE                 LOSSES       SHORTFALL $     SHORTFALL %    RATE       RATE
--------------------------------------------------------------------------------------------
AMAC 98-1(1A-1-3)             $0.00          $0.00          0.000%         7.000%    0.000%
CHEMPT 94-3(A-6 PAC)          $0.00          $0.00          0.000%         7.000%    7.000%
CHEMPT 94-3(A-6 TAC)          $0.00          $0.00          0.000%         7.000%    7.000%
GECMS 96-6(A-12B TAC)         $0.00          $0.00          0.000%         7.000%    0.000%
GECMS 96-6(A-12C TAC)         $0.00          $0.00          0.000%         7.000%    0.000%
GECMS 97-9(1-A11 4)           $0.00          $0.00          0.000%         7.000%    0.000%
HSMS  98-2(1A-1 three)        $0.00          $0.00          0.000%         7.000%    0.000%
PHMSC 95-7(A-11B)             $0.00          $0.00          0.000%         7.000%    0.000%
PHMSC 95-7(A-11C)             $0.00          $0.00          0.000%         7.000%    0.000%
PHMSC 96-6(A-4 TAC ACC)       $0.00          $0.00          0.000%         7.000%    0.000%
PHMSC 98-1(II-A-1-2)          $0.00          $0.00          0.000%         7.000%    0.000%
PHMSC 98-1(II-A-1-5)          $0.00          $0.00          0.000%         7.000%    0.000%
--------------------------------------------------------------------------------------------
 TOTAL                        $0.00          $0.00          0.000%                   7.000%
--------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE:                           28-Aug-03

                                                    PURSUANT TO SECTION 3.06(b)
                                            OF THE POOLING AGREEMENT DATED MARCH 1,2001

(i)(A),(B),(C),(E),(G),(H)

CLASS A-3 AND CLASS CC-3B RELATED POOLED SECURITIES
-----------------------------------------------------------------------------------------------------------
                                                                                                   CURRENT
ISSUE                                                                                              PERIOD
SERIES                    BEGINNING        ENDING        PRINCIPAL      INTEREST      TOTAL        REALIZED
CERTIFICATE                BALANCE        BALANCE       DISTRIBUTED   DISTRIBUTED   DISTRIBUTED    LOSSES
-----------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>             <C>            <C>          <C>            <C>
CHEMPT 94-3(A-6 PAC)     $7,232,144.84   $6,913,160.37  $318,984.48  $45,200.91    $364,185.39       $0.00
CHEMPT 94-3(A-6 TAC)       $737,316.34           $0.00  $737,316.34   $4,608.23    $741,924.57       $0.00
PHMSC 95-7(A-11A)                $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PHMSC 96-6(A-4 TAC ACC)          $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PHMSC 98-1(II-A-1-2)             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PNCMS 95-2(A-7 T-2)      $5,174,645.34    4,350,044.44  $824,600.90  $32,341.53    $856,942.43       $0.00
SASI 95-4(A-8 ACCSCH)            $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
-----------------------------------------------------------------------------------------------------------
     Total              $13,144,106.52  $11,263,204.81$1,880,901.72  $82,150.67  $1,963,052.39      $0.00
---------------------------------------------------------------------------------

ISSUE                    CUMULATIVE                           STATED    EFFECTIVE
SERIES                    REALIZED   INTEREST    INTEREST     INTEREST   INTEREST
CERTIFICATE               LOSSES     SHORTFALL $ SHORTFALL %   RATE        RATE
----------------------------------------------------------------------------------
CHEMPT 94-3(A-6 PAC)       $0.00     $0.00        0.000%      7.500%     7.500%
CHEMPT 94-3(A-6 TAC)       $0.00     $0.00        0.000%      7.500%     7.500%
PHMSC 95-7(A-11 A)         $0.00     $0.00        0.000%      7.500%     0.000%
PHMSC 96-6(A-4 TAC ACC)    $0.00     $0.00        0.000%      7.500%     0.000%
PHMSC 98-1(II-A-1-2)       $0.00     $0.00        0.000%      7.500%     0.000%
PNCMS 95-2(A-7 T-2)        $0.00     $0.00        0.000%      7.500%     7.500%
SASI 95-4(A-8 ACCSCH)      $0.00     $0.00        0.000%      7.500%     0.000%
----------------------------------------------------------------------------------
     Total                 $0.00     $0.00        0.000%                 7.500%
----------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
STRUCTURED ASSETS MORTGAGE INVESTMENT TRUST                                     ADMINISTRATOR: SHERYL CHRISTOPHERSON
PASS-THROUGH CERTIFICATES, SERIES 2002-3                                        US BANK, NA
                                                                                180 EAST FIFTH STREET
STATEMENT TO CERTIFICATEHOLDERS                                                 ST. PAUL, MN 55101
------------------------------------------------------------------------------------------------------------------------------------

DISTRIBUTION DATE:                           28-Aug-03

                                                    PURSUANT TO SECTION 3.06(b)
                                            OF THE POOLING AGREEMENT DATED MARCH 1,2001

(i) (A),(B),(C),(E),(G),(H)

CLASS CC-4A RELATED POOLED SECURITIES
-----------------------------------------------------------------------------------------------------------
                                                                                                   CURRENT
ISSUE                                                                                              PERIOD
SERIES                    BEGINNING        ENDING        PRINCIPAL      INTEREST      TOTAL        REALIZED
CERTIFICATE                BALANCE        BALANCE       DISTRIBUTED   DISTRIBUTED   DISTRIBUTED    LOSSES
-----------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>             <C>            <C>          <C>            <C>
AMAC 98-1 (1A-1-1)               $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
AMAC 98-1 (1A-1-4)         $106,509.47      $81,129.21   $25,380.26       $0.00     $25,380.26       $0.00
AMAC 98-1 (1A-1-6)**       $587,860.04     $553,679.21        $0.00   $3,306.71      $3,306.71       $0.00
GECMS 97-9 (1-A11 B PO2)         $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
HSMS 98-2 (1A-1 One)             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
HSMS 98-2 (1A-1 Four)       $17,839.91      $17,273.98      $565.93       $0.00        $565.93       $0.00
HSMS 98-2 (1A-1 Five)**    $626,683.88     $570,305.76        $0.00   $3,525.10      $3,525.10       $0.00
MRFC 98-2 (A-11-5)**    $24,978,544.18  $21,517,865.41        $0.00   $2,702.64      $2,702.64       $0.00
MRFC 98-2 (A-11-6)          $35,126.67      $16,625.78   $18,500.89       $0.00     $18,500.89       $0.00
PHMSC 96-6 (A-4 PO)              $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PHMSC 96-6 (A-4 IO B)**          $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PNCMS 95-2 (A-7 PO)        $138,005.46     $120,959.33   $17,046.13       $0.00     $17,046.13       $0.00
PNCMS 95-2 (A-7 W)**     $9,265,456.46   $8,605,554.01        $0.00     $772.12        $772.12       $0.00
PHMSC 98-1 (II-A-1-1)       $62,326.69      $51,753.15   $10,573.54       $0.00     $10,573.54       $0.00
PHMSC 98-1 (II-A-1-4)       $23,650.13      $23,618.13       $32.00       $0.00         $32.00       $0.00
PHMSC 98-1 (II-A-1-6)**    $492,000.14     $467,244.33        $0.00   $2,870.00      $2,870.00       $0.00
SASI 95-4 (A-8 PO)               $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
------------------------------------------------------------------------------------------------------------------------
     TOTAL                 $383,458.33      $311,359.58  $72,098.75  $13,176.57     $85,275.32       $0.00
---------------------------------------------------------------------------------------------------------------------
**Denotes Notional Class

---------------------------------------------------------------------------------
ISSUE                    CUMULATIVE                           STATED    EFFECTIVE
SERIES                    REALIZED   INTEREST    INTEREST     INTEREST   INTEREST
CERTIFICATE               LOSSES     SHORTFALL $ SHORTFALL %   RATE        RATE
----------------------------------------------------------------------------------
AMAC 98-1(1A-1-1)          $0.00     $0.00        0.000%      0.000%     0.000%
AMAC 98-1(1A-1-4)          $0.00     $0.00        0.000%      0.000%     0.000%
AMAC 98-1(1A-1-6)**        $0.00     $0.00        0.000%      6.750%     6.750%
GECMS 97-9(1-A11 B PO2)    $0.00     $0.00        0.000%      0.000%     0.000%
HSMS 98-2(1A-1 One)        $0.00     $0.00        0.000%      0.000%     0.000%
HSMS 98-2(1A-1 Four)       $0.00     $0.00        0.000%      0.000%     0.000%
HSMS 98-2(1A-1 Five)**     $0.00     $0.00        0.000%      6.750%     6.750%
MRFC 98-2(A-11-5)**        $0.00     $0.00        0.000%      0.130%     0.130%
MRFC 98-2(A-11-6)          $0.00     $0.00        0.000%      0.000%     0.000%
PHMSC 96-6(A-4 PO)         $0.00     $0.00        0.000%      0.000%     0.000%
PHMSC 96-6(A-4 IO B)**     $0.00     $0.00        0.000%      0.000%     0.000%
PNCMS 95-2(A-7 PO)         $0.00     $0.00        0.000%      0.000%     0.000%
PNCMS 95-2(A-7 W)**        $0.00     $0.00        0.000%      0.100%     0.100%
PHMSC 98-1(II-A-1-1)       $0.00     $0.00        0.000%      0.000%     0.000%
PHMSC 98-1(II-A-1-4)       $0.00     $0.00        0.000%      0.000%     0.000%
PHMSC 98-1(II-A-1-6)**     $0.00     $0.00        0.000%      7.000%     7.000%
SASI 95-4(A-8 PO)          $0.00     $0.00        0.000%      0.000%     0.000%
---------------------------------------------------------------------------------------
        TOTAL              $0.00     $0.00        0.000%                41.235%
---------------------------------------------------------------------------------------
**Denotes Notional Class
</TABLE>


<TABLE>
<CAPTION>
CLASS CC-IO RELATED POOLED SECURITIES
-----------------------------------------------------------------------------------------------------------
                                                                                                   CURRENT
ISSUE                                                                                              PERIOD
SERIES                    BEGINNING        ENDING        PRINCIPAL      INTEREST      TOTAL        REALIZED
CERTIFICATE                BALANCE        BALANCE       DISTRIBUTED   DISTRIBUTED   DISTRIBUTED    LOSSES
-----------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>             <C>            <C>          <C>            <C>
AMAC 98-1 (1A-1-2)**             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
GECMS 96-6 (A-12D IO)**          $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
GECMS 97-9 (1-A11 F IO6)**       $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
HSMS 98-2 (1A-1 Two)**           $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
MRFC 98-2 (A-11-3)**             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PHMSC 95-7 (A-11A)**             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PHMSC 96-6 (A-4 IO a)**          $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
PNCMS 95-2 (A-7-S-2) **  $2,181,657.86   $1,944,893.84        $0.00   $1,363.54      $1,363.54       $0.00
PHMSC 98-1 (II-A-1-3)**     $81,358.84      $81,358.84        $0.00     $484.76        $484.76       $0.00
SASI 95-4 (A-8 IO)**             $0.00           $0.00        $0.00       $0.00          $0.00       $0.00
---------------------------------------------------------------------------------------------------------------------------
     Total               $2,263,016.70   $2,026,252.68        $0.00   $1,848.30      $1,848.30       $0.00
---------------------------------------------------------------------------------------------------------------------------
**Denotes Notional Class

---------------------------------------------------------------------------------
ISSUE                    CUMULATIVE                           STATED    EFFECTIVE
SERIES                    REALIZED   INTEREST    INTEREST     INTEREST   INTEREST
CERTIFICATE               LOSSES     SHORTFALL $ SHORTFALL %   RATE        RATE
----------------------------------------------------------------------------------
AMAC 98-1(1A-1-2)**        $0.00     $0.00        0.000%      7.000%     0.000%
GECMS 96-6(A-12D IO)**     $0.00     $0.00        0.000%      7.000%     0.000%
GECMS 97-9(1-All F IO6)**  $0.00     $0.00        0.000%      0.500%     0.000%
HSMS 98-2(1A-1 Two)**      $0.00     $0.00        0.000%      7.000%     0.000%
MRFC 98-2(A-11-3)**        $0.00     $0.00        0.000%      6.750%     0.000%
PHMSC 95-7(A-11A)**        $0.00     $0.00        0.000%      1.100%     0.000%
PHMSC 96-6(A-4 IO a)**     $0.00     $0.00        0.000%      7.250%     0.000%
PNCMS 95-2(A-7-S-2)**      $0.00     $0.00        0.000%      0.750%     0.750%
PHMSC 98-1(II-A-1-3)**     $0.00     $0.00        0.000%      7.150%     7.150%
SASI 95-4(A-8 IO)**        $0.00     $0.00        0.000%      7.500%     0.000%
----------------------------------------------------------------------------------------
     Total                 $0.00     $0.00        0.000%                 0.970%
----------------------------------------------------------------------------------------
**Denotes Notional Class
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                                                U.S. BANK TRUST, NA.
-------------------------------------------------------------------------------------------------------------------
DEAL NAME:      Structured Asset Mortgage Investment Trust 2002-3     ISSUE DATE:         30-Apr-02
SERIES:         Pass-Through Certificates, Series 2002-3              DISTRIBUTION DATE:  28-Aug-03
                                                                      RUN DATE:           27-Aug-03     01:54:46 PM
-------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------
CASH RECONCILIATION
-------------------------------------------------------------------------------------------------------------------
A.
<S>                                                                             <C>
Collections on Underlying Certificates                                          8,579,776.55
                                                                                -------------
Total Collections                                                               8,579,776.55

-------------------------------------------------------------------------------------------------------------------
DISTRIBUTION SUMMARY AND RECONCILIATION:
-------------------------------------------------------------------------------------------------------------------
B.
Distributions (Section 3.05)
----------------------------
                                           1A                                        0.00
                                           2A                                        0.00
                                           3A                                 1,963,052.38
                                           CC                                 6,616,724.16
                                            R                                         0.00
                                          CC-lB                               4,578,923.91
                                          CC-2B                               1,950,676.63
                                          CC-3B                                       0.00
                                          CC-4A                                  85,275.32
                                          CC-IO                                   1,848.30
                                                                               -------------
Total Amount Distributed (only CC Total reflected in total distributed)       8,579,776.54
                                                                               =============

                                                                               -------------
Difference between A and B                                                             0.01
                                                                               =============
</TABLE>

Filing Compare · STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2002-3