SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 25, 2002

LONG BEACH SECURITIES CORP.

(as Depositor, Long Beach Mortgage Company, as Master Servicer,

Federal National Mortgage Association, as Guarantor,

Wachovia Bank, National Association, as Trustee and

Deutsche Bank National Trust Company, as Trust Administrator

under the Pooling and Servicing Agreement,

dated as of June 1, 2002, providing for the issuance of Long Beach

Mortgage Loan Trust 2002-2 Asset-Backed Certificates 2002-2.)

LONG BEACH SECURITIES CORP ASSET BACKED CERT SER 2002 2

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-41712-08 33-0917586

(Commission File Number) (I.R.S. Employer Identification No.)

1100 TOWN & COUNTRY ROAD

SUITE 1600

ORANGE, CALIFORNIA 92868

(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (714) 541-5378

Item 5. Other Events

Attached hereto is a copy of the Monthly Remittance Statements to the

Certificateholders which was derived from the monthly information

submitted by the Master Servicer of the Trust to the Trustee.

Item 7. Financial Statement and Exhibits

Exhibits: (as noted in Item 5 above)

Monthly Remittance Statement to the Certificateholders dated as of

July 25, 2002.

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.

Deutsche Bank National Trust Company,

not in its individual capacity, but solely

as a duly authorized agent of the Registrant

pursuant to the Pooling and Servicing

Agreement, dated as of June 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of July 25, 2002.


	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates


	July 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				12
			4.	Credit Enhancement Report				15
			5.	Collateral Report				16
			6.	Delinquency Report				19
			7.	REO Report				22
			8.	Foreclosure Report				23
			9.	Prepayment Report				24
			10.	Prepayment Detail Report				27
			11.	Realized Loss Report				28
			12.	Realized Loss Detail Report				31
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				32
			14.	Additional Certificate Report				33



				Total Number of Pages				33




			CONTACTS

				Administrator: Valerie M Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www-apps.gis.deutsche-bank.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000




ISSUANCE INFORMATION

	Seller:		Long Beach Mortgage					Cut-Off Date: June 1, 2002
	Certificate Insurer(s):							Closing Date: June 4, 2002
								First Payment Date: July 25, 2002
	Servicer(s):		Long Beach Mortgage Corp. Master Servicer


								Distribution Date: July 25, 2002
	Underwriter(s):		CS First Boston Underwriter					Record Date: July 24, 2002





						Page 1 of 33					© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC1A Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

REMIC1A		587,676,192.67			587,676,192.67	2,712,002.89	3,718,374.97	6,430,377.86	-	-	583,957,817.70
REMIC1B		412,325,245.93			412,325,245.93	1,892,947.24	6,593,903.41	8,486,850.65	-	-	405,731,342.52


Total		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

REMIC1A	06/04/02	07/24/02		A-30/360		587,676,192.67	1,000.000000	4.614791	6.327251	10.942042	993.672749
REMIC1B	06/04/02	07/24/02		A-30/360		412,325,245.93	1,000.000000	4.590908	15.991995	20.582903	984.008005


							Page 2 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC1A Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

REMIC1A	587,676,192.67		2,712,002.89		-	3,718,374.97	3,718,374.97	6,430,377.86	-	-	583,957,817.70
REMIC1B	412,325,245.93		1,892,947.24		-	6,593,903.41	6,593,903.41	8,486,850.65	-	-	405,731,342.52


Total	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

REMIC1A	8.73726%	587,676,192.67			-	-	-	-	2,712,002.89	2,712,002.89	-
REMIC1B	8.73726%	412,325,245.93			-	-	-	-	1,892,947.24	1,892,947.24	-


Total		1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


							Page 3 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 2 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

REMIC2		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

REMIC2	06/04/02	07/24/02		A-30/360		1,000,001,438.60	1,000.000000	4.604944	10.312264	14.917207	989.687736


							Page 4 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 2 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

REMIC2	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

REMIC2	8.73726%	1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


Total		1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


							Page 5 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 3 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

REMIC3		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

REMIC3	06/04/02	07/24/02		A-30/360		1,000,001,438.60	1,000.000000	4.604944	10.312264	14.917207	989.687736


							Page 6 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 3 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

REMIC3	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

REMIC3	8.73726%	1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


Total		1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


							Page 7 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 4 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

REMIC4		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total		1,000,001,438.60			1,000,001,438.60	4,604,950.13	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

REMIC4	06/04/02	07/24/02		A-30/360		1,000,001,438.60	1,000.000000	4.604944	10.312264	14.917207	989.687736


							Page 8 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC 4 Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

REMIC4	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


Total	1,000,001,438.60		4,604,950.13		-	10,312,278.38	10,312,278.38	14,917,228.51	-	-	989,689,160.22


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

REMIC4	8.73726%	1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


Total		1,000,001,438.60			-	-	-	-	4,604,950.13	4,604,950.13	-


							Page 9 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC V Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

I-A		521,540,000.00			521,540,000.00	1,443,524.93	3,719,354.43	5,162,879.36	-	-	517,820,645.57
II-A		342,200,000.00			342,200,000.00	1,029,558.60	6,594,590.62	7,624,149.22	-	-	335,605,409.38
II-M1		24,700,000.00			24,700,000.00	86,910.55	-	86,910.55	-	-	24,700,000.00
M2		54,400,000.00			54,400,000.00	234,571.67	-	234,571.67	-	-	54,400,000.00
M3		37,150,000.00			37,150,000.00	215,450.65	-	215,450.65	-	-	37,150,000.00
M4A		10,005,000.00			10,005,000.00	58,023.79	-	58,023.79	-	-	10,005,000.00
M4B		10,005,000.00			10,005,000.00	72,197.54	-	72,197.54	-	-	10,005,000.00
I-S1		-			-	501,900.00	-	501,900.00	-	-	-
II-S1		-			-	262,800.00	-	262,800.00	-	-	-
I-S2		-			-	170,672.92	-	170,672.92	-	-	-
II-S2		-			-	119,743.75	-	119,743.75	-	-	-
LT5-IC		1,092.97			1,092.97	-	-	-	-	1,714,555.89	1,715,648.86
LT5-IIC		145.93			145.93	-	-	-	-	1,070,566.55	1,070,712.48
LT5-IP		100.00			100.00	23,009.50	-	23,009.50	-	-	100.00
LT5-IIP		100.00			100.00	55,211.93	-	55,211.93	-	-	100.00
LT5-ICF		-			-	-	-	-	-	-	-
LT5-IICF		-			-	-	-	-	-	-	-
R		-			-	-	-	-	-	-	-


Total		1,000,001,438.90			1,000,001,438.90	4,273,575.83	10,313,945.05	14,587,520.88	-	2,785,122.44	992,472,616.29


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

I-A	06/04/02	07/24/02		A-Act/360	542514CE2	521,540,000.00	1,000.000000	2.767812	7.131485	9.899297	992.868515
II-A	06/04/02	07/24/02		A-Act/360	542514CG7	342,200,000.00	1,000.000000	3.008646	19.271159	22.279805	980.728841
II-M1	06/04/02	07/24/02		A-Act/360	542514CJ1	24,700,000.00	1,000.000000	3.518646	-	3.518646	1,000.000000
M2	06/04/02	07/24/02		A-Act/360	542514CK8	54,400,000.00	1,000.000000	4.311979	-	4.311979	1,000.000000
M3	06/04/02	07/24/02		A-Act/360	542514CL6	37,150,000.00	1,000.000000	5.799479	-	5.799479	1,000.000000
M4A	06/04/02	07/24/02		A-Act/360	542514CM4	10,005,000.00	1,000.000000	5.799479	-	5.799479	1,000.000000
M4B	06/04/02	07/24/02		A-Act/360	542514CN2	10,005,000.00	1,000.000000	7.216146	-	7.216146	1,000.000000
I-S1	06/04/02	07/24/02		A-30/360	542514CF9	114,720,000.00	1,000.000000	4.375000	-	4.375000	1,000.000000
II-S1	06/04/02	07/24/02		A-30/360	542514CH5	78,840,000.00	1,000.000000	3.333333	-	3.333333	1,000.000000
I-S2	06/04/02	07/24/02		A-30/360	LB0202101	48,190,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
II-S2	06/04/02	07/24/02		A-30/360	LB0202102	33,810,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
LT5-IC	06/04/02	07/24/02		A-30/360		5,811,092.97	1,000.000000	-	-	-	295.236863
LT5-IIC	06/04/02	07/24/02		A-30/360		145.93	1,000.000000	-	-	-	7,337,164.942096
LT5-IP	06/04/02	07/24/02		A-		100.00	1,000.000000	230,095.000000	-	230,095.000000	1,000.000000
LT5-IIP	06/04/02	07/24/02		A-30/360		100.00	1,000.000000	552,119.300000	-	552,119.300000	1,000.000000
LT5-ICF	06/04/02	07/24/02		A-30/360		-	-	-	-	-	-
LT5-IICF	06/04/02	07/24/02		A-30/360		-	-	-	-	-	-
R	06/04/02	07/24/02		A-	LB0202107	-	-	-	-	-	-


							Page 10 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates
	REMIC V Series 2002-2
	Certificate Payment Report for July 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

I-A	521,540,000.00		1,443,524.93		1,713,576.73	2,005,777.70	3,719,354.43	5,162,879.36	-	-	517,820,645.57
II-A	342,200,000.00		1,029,558.60		1,069,879.34	5,524,711.28	6,594,590.62	7,624,149.22	-	-	335,605,409.38
II-M1	24,700,000.00		86,910.55		-	-	-	86,910.55	-	-	24,700,000.00
M2	54,400,000.00		234,571.67		-	-	-	234,571.67	-	-	54,400,000.00
M3	37,150,000.00		215,450.65		-	-	-	215,450.65	-	-	37,150,000.00
M4A	10,005,000.00		58,023.79		-	-	-	58,023.79	-	-	10,005,000.00
M4B	10,005,000.00		72,197.54		-	-	-	72,197.54	-	-	10,005,000.00
I-S1	-		501,900.00		-	-	-	501,900.00	-	-	-
II-S1	-		262,800.00		-	-	-	262,800.00	-	-	-
I-S2	-		170,672.92		-	-	-	170,672.92	-	-	-
II-S2	-		119,743.75		-	-	-	119,743.75	-	-	-
LT5-IC	1,092.97		-		-	-	-	-	-	1,714,555.89	1,715,648.86
LT5-IIC	145.93		-		-	-	-	-	-	1,070,566.55	1,070,712.48
LT5-IP	100.00		23,009.50		-	-	-	23,009.50	-	-	100.00
LT5-IIP	100.00		55,211.93		-	-	-	55,211.93	-	-	100.00
LT5-ICF	-		-		-	-	-	-	-	-	-
LT5-IICF	-		-		-	-	-	-	-	-	-
R	-		-		-	-	-	-	-	-	-


Total	1,000,001,438.90		4,273,575.83		2,783,456.07	7,530,488.98	10,313,945.05	14,587,520.88	-	2,785,122.44	992,472,616.29


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

I-A	1.95375%	521,540,000.00			1,443,524.93	-	-	-	1,443,524.93	1,443,524.93	-
II-A	2.12375%	342,200,000.00			1,029,558.60	-	-	-	1,029,558.60	1,029,558.60	-
II-M1	2.48375%	24,700,000.00			86,910.55	-	-	-	86,910.55	86,910.55	-
M2	3.04375%	54,400,000.00			234,571.67	-	-	-	234,571.67	234,571.67	-
M3	4.09375%	37,150,000.00			215,450.65	-	-	-	215,450.65	215,450.65	-
M4A	4.09375%	10,005,000.00			58,023.79	-	-	-	58,023.79	58,023.79	-
M4B	5.09375%	10,005,000.00			72,197.54	-	-	-	72,197.54	72,197.54	-
I-S1	5.25000%	114,720,000.00			501,900.00	-	-	-	501,900.00	501,900.00	-
II-S1	4.00000%	78,840,000.00			262,800.00	-	-	-	262,800.00	262,800.00	-
I-S2	4.25000%	48,190,000.00			170,672.92	-	-	-	170,672.92	170,672.92	-
II-S2	4.25000%	33,810,000.00			119,743.75	-	-	-	119,743.75	119,743.75	-
LT5-IC		5,811,092.97			-	-	-	-	-	1,714,555.89	-
LT5-IIC		145.93			-	-	-	-	-	1,070,566.55	-
LT5-IP		100.00			-	-	-	-	23,009.50	23,009.50	-
LT5-IIP		100.00			-	-	-	-	55,211.93	55,211.93	-
LT5-ICF		-			-	-	-	-	-	-	-
LT5-IICF		-			-	-	-	-	-	-	-
R		-			-	-	-	-	-	-	-


Total		1,281,371,438.90			4,195,354.40	-	-	-	4,273,575.83	7,058,698.27	-


							Page 11 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Collection Account Report for July 25, 2002 Distribution


	Collection Account Report


SUMMARY						GROUP II	GROUP I	TOTAL

	Principal Collections					5,524,024.07	2,004,798.24	7,528,822.31

	TOTAL NET PRINCIPAL					5,524,024.07	2,004,798.24	7,528,822.31

	Interest Collections					3,032,109.97	4,590,574.51	7,622,684.48
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					55,211.93	23,009.50	78,221.43
	Interest Fees					(124,495.32)	(276,666.19)	(401,161.51)
	TOTAL NET INTEREST					2,962,826.58	4,336,917.82	7,299,744.40

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					8,486,850.65	6,341,716.06	14,828,566.71


PRINCIPAL - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Principal					265,287.86	319,613.85	584,901.71
	Prepayments In Full					5,240,418.38	1,630,167.27	6,870,585.65
	Curtailments					18,317.83	55,017.12	73,334.95
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(60,929.80)	(63,148.25)	(124,078.05)
	Advanced Principal					60,929.80	63,148.25	124,078.05

	TOTAL PRINCIPAL COLLECTED					5,524,024.07	2,004,798.24	7,528,822.31


				Page 12 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Collection Account Report for July 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Interest					3,079,416.84	4,647,435.20	7,726,852.04
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Prepayment Interest Shortfalls					(23,782.86)	(6,273.09)	(30,055.95)
	Compensating Interest					23,782.86	6,273.09	30,055.95
	Delinquent Interest					(917,189.47)	(1,151,726.36)	(2,068,915.83)
	Interest Advanced					869,882.60	1,094,865.67	1,964,748.27

	TOTAL INTEREST COLLECTED					3,032,109.97	4,590,574.51	7,622,684.48


				Page 13 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Collection Account Report for July 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP II	GROUP I	TOTAL

	Extraordinary Trust Fund Expenses					0.00	0.00	0.00



	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00


INTEREST - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL

	Prepayment Charges					55,211.93	23,009.50	78,221.43



	TOTAL INTEREST OTHER ACCOUNTS					55,211.93	23,009.50	78,221.43


INTEREST - FEES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					124,495.32	188,004.39	312,499.71

	Morgan Guaranty Insurance Payment						88,661.80	88,661.80



	TOTAL INTEREST OTHER FEES					124,495.32	276,666.19	401,161.51


				Page 14 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Credit Enhancement Report for July 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP II	GROUP I	TOTAL

	Overcollateralized Amount					145.93	1,092.97	1,238.90
	Overcollateralization Release Amount					0.00	0.00	0.00
	Overcollateralization Deficiency Amount					7,833,854.07	10,282,907.33	18,116,761.40
	Overcollateralization Target Amount					7,834,000.00	10,284,000.00	18,118,000.00
	Excess Overcollateralization Amount					0.00	0.00	0.00


				Page 15 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Collateral Report for July 25, 2002 Distribution


	Collateral Report


COLLATERAL						GROUP II	GROUP I	TOTAL
	Loan Count:
	*Original*					1936	4733	6669
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(17)	(11)	(28)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,919	4,722	6,641

	*Principal Balance:*
	Original					412,325,245.93	587,676,192.67	1,000,001,438.60
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Principal					(265,287.86)	(319,613.85)	(584,901.71)
	Partial and Full Voluntary Prepayments					(5,258,736.21)	(1,685,184.39)	(6,943,920.60)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					406,801,221.86	585,671,394.43	992,472,616.29

PREFUNDING						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group I
	Group II
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 16 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Collateral Report for July 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Coupon Original					8.962100%	9.489788%	9.272209%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current					8.962100%	9.489788%	9.272209%
	Weighted Average Months to Maturity Original					350	356	354
	Weighted Average Months to Maturity Prior					-	-	-
	Weighted Average Months to Maturity Current					350	356	354
	Weighted Avg Remaining Amortization Term Original					349	355	353
	Weighted Avg Remaining Amortization Term Prior					-	-	-
	Weighted Avg Remaining Amortization Term Current					349	355	353
	Weighted Average Seasoning Original					2.91	2.65	2.75
	Weighted Average Seasoning Prior					-	-	-
	Weighted Average Seasoning Current					2.91	2.65	2.75

Note: Original information refers to deal issue.


	Group I
	Group II
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 17 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Collateral Report for July 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Margin Original					4.517%	5.178%
	Weighted Average Margin Prior
	Weighted Average Margin Current					4.517%	5.178%
	Weighted Average Max Rate Original					13.853%	14.864%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current					13.853%	14.864%
	Weighted Average Min Rate Original					8.962%	9.490%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current					8.962%	9.490%
	Weighted Average Cap Up Original					0.815%	0.895%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current					0.815%	0.895%
	Weighted Average Cap Down Original					0.815%	0.895%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current					0.815%	0.895%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					124,495.32	188,004.39	312,499.71
	Delinquent Servicing Fees					47,306.87	56,860.69	104,167.56
	TOTAL SERVICING FEES					171,802.19	244,865.08	416,667.27


	Compensating Interest					(23,782.86)	(6,273.09)	(30,055.95)
	Delinquent Servicing Fees					(47,306.87)	(56,860.69)	(104,167.56)
	COLLECTED SERVICING FEES					100,712.46	181,731.30	282,443.76
	Total Advances					930,812.40	1,158,013.92	2,088,826.32

	Current Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						GROUP II	GROUP I	TOTAL

	Net Prepayment Interest Shortfall					0.00	0.00	0.00


				Page 18 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Delinquency Report for July 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			7,174,286.07	-	-	7,174,286.07
		% Balance			0.72%	0.00%	0.00%	0.72%
		# Loans			52	-	-	52
		% # Loans			0.78%	0.00%	0.00%	0.78%
FORECLOSURE		Balance		-	1,035,578.61	-	-	1,035,578.61
		% Balance		0.00%	0.10%	0.00%	0.00%	0.10%
		# Loans		-	2	-	-	2
		% # Loans		0.00%	0.03%	0.00%	0.00%	0.03%
BANKRUPTCY		Balance		2,183,973.72	160,074.92	-	-	2,344,048.64
		% Balance		0.22%	0.02%	0.00%	0.00%	0.24%
		# Loans		15	1	-	-	16
		% # Loans		0.23%	0.02%	0.00%	0.00%	0.24%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		2,183,973.72	8,369,939.60	-	-	10,553,913.32
		% Balance		0.22%	0.84%	0.00%	0.00%	1.06%
		# Loans		15	55	-	-	70
		% # Loans		0.23%	0.83%	0.00%	0.00%	1.05%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 19 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
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	Delinquency Report for July 25, 2002 Distribution


	Delinquency Report - Group I Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			934,503.57	-	-	934,503.57
		% Balance			0.16%	0.00%	0.00%	0.16%
		# Loans			9	-	-	9
		% # Loans			0.19%	0.00%	0.00%	0.19%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		1,454,065.63	-	-	-	1,454,065.63
		% Balance		0.25%	0.00%	0.00%	0.00%	0.25%
		# Loans		12	-	-	-	12
		% # Loans		0.25%	0.00%	0.00%	0.00%	0.25%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		1,454,065.63	934,503.57	-	-	2,388,569.20
		% Balance		0.25%	0.16%	0.00%	0.00%	0.41%
		# Loans		12	9	-	-	21
		% # Loans		0.25%	0.19%	0.00%	0.00%	0.44%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 20 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Asset Backed Certificates

	Delinquency Report for July 25, 2002 Distribution


	Delinquency Report - Group II Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			6,239,782.50	-	-	6,239,782.50
		% Balance			1.53%	0.00%	0.00%	1.53%
		# Loans			43	-	-	43
		% # Loans			2.24%	0.00%	0.00%	2.24%
FORECLOSURE		Balance		-	1,035,578.61	-	-	1,035,578.61
		% Balance		0.00%	0.25%	0.00%	0.00%	0.25%
		# Loans		-	2	-	-	2
		% # Loans		0.00%	0.10%	0.00%	0.00%	0.10%
BANKRUPTCY		Balance		729,908.09	160,074.92	-	-	889,983.01
		% Balance		0.18%	0.04%	0.00%	0.00%	0.22%
		# Loans		3	1	-	-	4
		% # Loans		0.16%	0.05%	0.00%	0.00%	0.21%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		729,908.09	7,435,436.03	-	-	8,165,344.12
		% Balance		0.18%	1.83%	0.00%	0.00%	2.01%
		# Loans		3	46	-	-	49
		% # Loans		0.16%	2.40%	0.00%	0.00%	2.55%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 21 of 33				© COPYRIGHT 2002 Deutsche Bank
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	REO Report for July 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group I Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 22 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Foreclosure Report for July 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 2				Loan Group 1 = Group I Group
Total Original Principal Balance = 1,037,500.00				Loan Group 2 = Group II Group
Total Current Balance = 1,035,578.61


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

4157210 2		1,000,000.00	998,122.27	Apr-01-02	8.375%	MO - 63.69%	360	Mar-20-02
4256509 2		37,500.00	37,456.34	Apr-01-02	10.650%	IL - 50.00%	360	Mar-27-02


				Page 23 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Prepayment Report for July 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP II	GROUP I	TOTAL

	*Current*
	Number of Paid in Full Loans					17	11	28
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					17	11	28

	Paid in Full Balance					5,240,418.38	1,630,167.27	6,870,585.65
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					18,317.83	55,017.12	73,334.95
	Total Prepayment Amount					5,258,736.21	1,685,184.39	6,943,920.60

	*Cumulative*
	Number of Paid in Full Loans					17	11	28
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					17	11	28

	Paid in Full Balance					5,240,418.38	1,630,167.27	6,870,585.65
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					18,317.83	55,017.12	73,334.95
	Total Prepayment Amount					5,258,736.21	1,685,184.39	6,943,920.60

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 24 of 33				© COPYRIGHT 2002 Deutsche Bank
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	Prepayment Report for July 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP II	GROUP I	TOTAL

	SMM					1.28%	0.29%	0.69%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.28%	0.29%	0.69%

	CPR					14.28%	3.39%	8.03%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					14.28%	3.39%	8.03%

	PSA					2456.42%	639.96%	1457.03%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					2456.42%	639.96%	1457.03%



	Group I
	Group II


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 25 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
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	Prepayment Report for July 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Group I
	Group II

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 26 of 33				© COPYRIGHT 2002 Deutsche Bank


	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Prepayment Detail Report for July 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 28						Loan Group 1 = Group I Group
Total Original Principal Balance = 6,874,914.21						Loan Group 2 = Group II Group
Total Prepayment Amount = 6,870,585.65


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

4206504 1			132,935.69	132,896.14	Jun-28-02	11.900%	MA - 70.00%	Paid Off - 360	Mar-08-02
4209094 1			95,161.34	95,122.34	Jun-27-02	10.400%	NJ - 70.00%	Paid Off - 360	Mar-19-02
4212395 1			229,401.67	229,302.51	Jun-25-02	10.150%	NJ - 85.00%	Paid Off - 360	Mar-11-02
4213468 1			161,194.35	161,138.18	Jun-18-02	11.150%	MN - 75.00%	Paid Off - 360	Mar-07-02
4215356 1			125,000.00	124,928.82	Jun-04-02	8.800%	NY - 79.11%	Paid Off - 360	Apr-05-02
4217691 1			274,378.30	274,255.59	Jun-19-02	9.990%	IL - 90.00%	Paid Off - 360	Mar-11-02
4231262 1			75,960.59	75,920.88	Jun-06-02	9.250%	CA - 72.38%	Paid Off - 360	Mar-15-02
4247151 1			97,875.94	97,821.48	Jun-19-02	8.950%	CA - 70.00%	Paid Off - 360	Mar-26-02
4250528 1			118,965.18	118,930.02	Jun-18-02	11.900%	NV - 85.00%	Paid Off - 360	Mar-26-02
4292991 1			152,000.00	151,919.53	Jun-14-02	9.150%	OR - 80.00%	Paid Off - 360	Apr-10-02
4323747 1			168,000.00	167,931.78	Jun-04-02	10.400%	FL - 70.00%	Paid Off - 360	Apr-16-02
4002754 2			566,637.11	566,290.26	Jun-03-02	8.600%	IL - 80.00%	Paid Off - 360	Dec-10-01
4152021 2			390,456.04	390,254.94	Jun-25-02	9.400%	IL - 86.90%	Paid Off - 360	Feb-01-02
4238333 2			319,784.85	319,568.26	Jun-03-02	7.990%	TX - 80.00%	Paid Off - 360	Mar-21-02
4253308 2			749,578.72	749,157.31	Jun-25-02	8.900%	MI - 50.00%	Paid Off - 360	Mar-18-02
4255683 2			500,000.00	499,440.22	Jun-03-02	8.900%	CO - 68.49%	Paid Off - 360	Mar-22-02
4260949 2			247,000.00	246,873.28	Jun-25-02	9.300%	NY - 95.00%	Paid Off - 360	Apr-05-02
4264842 2			225,600.00	225,322.85	Jun-03-02	8.450%	CO - 75.45%	Paid Off - 360	Mar-15-02
4278016 2			67,916.10	67,831.47	Jun-03-02	10.500%	TX - 20.00%	Paid Off - 240	Mar-28-02
4294419 2			319,740.28	319,479.03	Jun-12-02	7.050%	CA - 80.00%	Paid Off - 360	Mar-29-02
4294526 2			79,901.29	79,801.72	Jun-13-02	10.500%	CA - 20.00%	Paid Off - 240	Mar-29-02
4307815 2			79,500.00	79,415.49	Jun-06-02	9.150%	CA - 75.00%	Paid Off - 360	Apr-08-02
4320305 2			100,000.00	99,876.62	Jun-03-02	10.500%	AZ - 20.00%	Paid Off - 240	Apr-11-02
4321428 2			189,000.00	188,894.59	Jun-18-02	8.900%	CO - 90.00%	Paid Off - 360	Apr-15-02
4322871 2			432,000.00	431,682.58	Jun-03-02	7.550%	CO - 80.00%	Paid Off - 360	Apr-11-02
4330551 2			89,536.76	89,536.76	Jun-25-02	7.750%	CO - 80.00%	Paid Off - 360	Apr-17-02
4344511 2			485,000.00	484,823.26	Jun-07-02	10.900%	CA - 58.08%	Paid Off - 360	Apr-12-02
4357323 2			402,390.00	402,169.74	Jun-24-02	8.990%	CA - 85.00%	Paid Off - 360	Apr-16-02


					Page 27 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Realized Loss Report for July 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						GROUP II	GROUP I	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Group I						3 Months Moving Average
	Group II

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 28 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Realized Loss Report for July 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP II	GROUP I	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group I
	Group II
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 29 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Realized Loss Report for July 25, 2002 Distribution


	Realized Loss Report - Collateral

	Group I
	Group II

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 30 of 33				© COPYRIGHT 2002 Deutsche Bank


	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Realized Loss Detail Report for July 25, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Group I Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group II Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 31 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP II	GROUP I	TOTAL

	Trigger Event in effect					No	No
	Stepdown Date has occurred					No	No

	Balances 60+ days					9,012,804.87	789,541.45	9,802,346.32
	Beginning Balance					412,325,245.93	587,676,192.67	1,000,001,438.60
	Delinquency Percentage					2.19%	0.13%

	Balance of Mezzanine and C Class					48,925,145.93	66,136,092.67	115,061,238.60

	*Credit Enhancement Percentage*					11.87%	11.25%


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						GROUP II	GROUP I	TOTAL

	NET WAC CARRYOVER AMOUNTS
	CLASS I-A							0.00
	CLASS II-A							0.00
	CLASS II-M1							0.00
	CLASS I-M2							0.00
	CLASS II-M2							0.00
	CLASS I-M3							0.00
	CLASS II-M3							0.00
	CLASS I-M4A							0.00
	CLASS II-M4A							0.00
	CLASS I-M4B							0.00
	CLASS II-M4B							0.00



				Page 32 of 33				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-2
	Asset Backed Certificates

	Additional Certificate Report for July 25, 2002 Distribution


	Additional Certificate Report

SPACE INTENTIONALLY LEFT BLANK
	CLASS


				Page 33 of 33				© COPYRIGHT 2002 Deutsche Bank

LONG BEACH SECURITIES CORP ASSET BACKED CERT SER 2002 2 8-K/A