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): December 26, 2002

LONG BEACH SECURITIES CORP.

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

Deutsche Bank National Trust Company, as trustee, and

Federal National Mortgage Association, as Guarantor

under the Pooling and Servicing Agreement,

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

Mortgage Loan Trust 2002-4 Asset-Backed Certificates 2002-4).

LONG BEACH SEC CORP MORTGAGE LOAN TRUST 2002-4

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-90550-02 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

December 26, 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 October 1, 2002.

Date: Jan 23, 2003 By: /s/ Katherine M. Wannenmacher

Katherine M. Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of December 26, 2002.


	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates


	December 26, 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.	Other Related Information				33
			15.	Additional Certificate Report				34


				Total Number of Pages				34



			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.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

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


								Distribution Date: December 26, 2002
	Underwriter(s):		Morgan Stanley & Co. Inc Co-Lead Underwriter					Record Date: December 24, 2002
								November 29, 2002






						Page 1 of 34					© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC II Series 2002-4
	Certificate Payment Report for December 26, 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		1,000,000,349.81			994,124,646.89	6,748,258.44	4,994,876.27	11,743,134.71	-	-	989,129,770.62


Total		1,000,000,349.81			994,124,646.89	6,748,258.44	4,994,876.27	11,743,134.71	-	-	989,129,770.62


	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	11/01/02	11/30/02		A-30/360		1,000,000,349.81	994.124299	6.748256	4.994875	11.743131	989.129425


							Page 2 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC II Series 2002-4
	Certificate Payment Report for December 26, 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	1,000,000,349.81		13,524,886.81		-	10,870,579.19	10,870,579.19	24,395,466.00	-	-	989,129,770.62


Total	1,000,000,349.81		13,524,886.81		-	10,870,579.19	10,870,579.19	24,395,466.00	-	-	989,129,770.62


	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	8.10622%	994,124,646.89			6,748,258.44	-	-	-	6,748,258.44	6,748,258.44	-


Total		994,124,646.89			6,748,258.44	-	-	-	6,748,258.44	6,748,258.44	-


							Page 3 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC III Series 2002-4
	Certificate Payment Report for December 26, 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		1,000,000,349.81			994,124,646.89	6,707,199.19	5,035,935.52	11,743,134.71	-	41,059.25	989,129,770.62


Total		1,000,000,349.81			994,124,646.89	6,707,199.19	5,035,935.52	11,743,134.71	-	41,059.25	989,129,770.62


	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	11/01/02	11/30/02		A-30/360		1,000,000,349.81	994.124299	6.707197	5.035934	11.743131	989.129425


							Page 4 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC III Series 2002-4
	Certificate Payment Report for December 26, 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	1,000,000,349.81		13,460,139.28		-	10,935,326.72	10,935,326.72	24,395,466.00	-	64,747.53	989,129,770.62


Total	1,000,000,349.81		13,460,139.28		-	10,935,326.72	10,935,326.72	24,395,466.00	-	64,747.53	989,129,770.62


	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	8.10622%	994,124,646.89			6,707,199.19	-	-	-	6,707,199.19	6,748,258.44	-


Total		994,124,646.89			6,707,199.19	-	-	-	6,707,199.19	6,748,258.44	-


							Page 5 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC IV Series 2002-4
	Certificate Payment Report for December 26, 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		599,765,000.00			595,749,127.03	810,549.78	5,888,478.96	6,699,028.74	-	-	589,860,648.07
II-A		400,235,000.00			396,006,342.20	627,450.05	3,212,321.96	3,839,772.01	-	-	392,794,020.24
I-S1		-			-	384,313.13	-	384,313.13	-	-	-
II-S1		-			-	342,396.25	-	342,396.25	-	-	-
I-S2		-			-	127,450.42	-	127,450.42	-	-	-
II-S2		-			-	85,049.58	-	85,049.58	-	-	-
LT4-IC		104.14			1,675,489.21	-	-	-	-	2,702,546.66	4,378,035.87
LT4-IIC		45.67			693,488.45	-	-	-	-	1,403,377.99	2,096,866.44
LT4-IP		100.00			100.00	21,946.50	-	21,946.50	-	-	100.00
LT4-IIP		100.00			100.00	10,815.00	-	10,815.00	-	-	100.00
R-4		-			-	-	-	-	-	-	-


Total		1,000,000,349.81			994,124,646.89	2,409,970.71	9,100,800.92	11,510,771.63	-	4,105,924.65	989,129,770.62


	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	11/25/02	12/25/02		A-Act/360	542514CV4	599,765,000.00	993.304256	1.351446	9.817977	11.169423	983.486279
II-A	11/25/02	12/25/02		A-Act/360	542514CT9	400,235,000.00	989.434563	1.567704	8.026090	9.593794	981.408473
I-S1	11/01/02	11/30/02		A-30/360	542514CW2	89,965,000.00	976.413050	4.271807	-	4.271807	953.215139
II-S1	11/01/02	11/30/02		A-30/360	542514CU6	80,047,000.00	977.700601	4.277440	-	4.277440	955.626070
I-S2	11/01/02	11/30/02		A-30/360		35,986,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
II-S2	11/01/02	11/30/02		A-30/360		24,014,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
LT4-IC	11/01/02	11/30/02		A-30/360		104.14	16,088,815.152679	-	-	-	42,039,906.568081
LT4-IIC	11/01/02	11/30/02		A-30/360		45.67	15,184,770.089775	-	-	-	45,913,432.012262
LT4-IP	11/01/02	11/30/02		A-30/360		100.00	1,000.000000	219,465.000000	-	219,465.000000	1,000.000000
LT4-IIP	11/01/02	11/30/02		A-30/360		100.00	1,000.000000	108,150.000000	-	108,150.000000	1,000.000000
R-4	11/01/02	11/30/02		A-30/360		-	-	-	-	-	-


							Page 6 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC IV Series 2002-4
	Certificate Payment Report for December 26, 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	599,765,000.00		2,543,204.22		4,377,931.73	5,526,420.20	9,904,351.93	12,447,556.15	-	-	589,860,648.07
II-A	400,235,000.00		1,933,994.97		2,096,820.77	5,344,158.99	7,440,979.76	9,374,974.73	-	-	392,794,020.24
I-S1	-		777,910.01		-	-	-	777,910.01	-	-	-
II-S1	-		692,601.88		-	-	-	692,601.88	-	-	-
I-S2	-		254,900.84		-	-	-	254,900.84	-	-	-
II-S2	-		170,099.16		-	-	-	170,099.16	-	-	-
LT4-IC	104.14		-		-	-	-	-	-	4,377,931.73	4,378,035.87
LT4-IIC	45.67		-		-	-	-	-	-	2,096,820.76	2,096,866.44
LT4-IP	100.00		41,397.00		-	-	-	41,397.00	-	-	100.00
LT4-IIP	100.00		10,815.00		-	-	-	10,815.00	-	-	100.00
R-4	-		-		-	-	-	-	-	-	-


Total	1,000,000,349.81		6,424,923.08		6,474,752.50	10,870,579.19	17,345,331.69	23,770,254.77	-	6,474,752.49	989,129,770.62


	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	1.58000%	595,749,127.03			810,549.78	-	-	-	810,549.78	810,549.78	-
II-A	1.84000%	396,006,342.20			627,450.05	-	-	-	627,450.05	627,450.05	-
I-S1	5.25000%	87,843,000.00			384,313.13	-	-	-	384,313.13	384,313.13	-
II-S1	5.25000%	78,262,000.00			342,396.25	-	-	-	342,396.25	342,396.25	-
I-S2	4.25000%	35,986,000.00			127,450.42	-	-	-	127,450.42	127,450.42	-
II-S2	4.25000%	24,014,000.00			85,049.58	-	-	-	85,049.58	85,049.58	-
LT4-IC	5.42839%	1,675,489.21			-	-	-	-	-	2,702,546.66	-
LT4-IIC	4.24516%	693,488.45			-	-	-	-	-	1,403,377.99	-
LT4-IP		100.00			21,946.50	-	-	-	21,946.50	21,946.50	-
LT4-IIP		100.00			10,815.00	-	-	-	10,815.00	10,815.00	-
R-4		-			-	-	-	-	-	-	-


Total		1,220,229,646.89			2,409,970.71	-	-	-	2,409,970.71	6,515,895.36	-


							Page 7 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC CX Series 2002-4
	Certificate Payment Report for December 26, 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-C		104.14			1,675,489.21	-	-	-	-	2,702,546.66	4,378,035.87
II-C		45.67			693,488.45	-	-	-	-	1,403,377.99	2,096,866.44
R-CX		-			-	-	-	-	-	-	-


Total		149.81			2,368,977.66	-	-	-	-	4,105,924.65	6,474,902.31


	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-C	11/01/02	11/30/02		A-30/360		104.14	16,088,815.152679	-	-	-	42,039,906.568081
II-C	11/01/02	11/30/02		A-30/360		45.67	15,184,770.089775	-	-	-	45,913,432.012262
R-CX	11/01/02	11/30/02		A-30/360		-	-	-	-	-	-


							Page 8 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC CX Series 2002-4
	Certificate Payment Report for December 26, 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-C	104.14		-		-	-	-	-	-	4,377,931.73	4,378,035.87
II-C	45.67		-		-	-	-	-	-	2,096,820.76	2,096,866.44
R-CX	-		-		-	-	-	-	-	-	-


Total	149.81		-		-	-	-	-	-	6,474,752.49	6,474,902.31


	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-C	5.42839%	1,675,489.21			-	-	-	-	-	2,702,546.66	-
II-C	4.24516%	693,488.45			-	-	-	-	-	1,403,377.99	-
R-CX		-			-	-	-	-	-	-	-


Total		2,368,977.66			-	-	-	-	-	4,105,924.65	-


							Page 9 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC PX Series 2002-4
	Certificate Payment Report for December 26, 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-P		100.00			100.00	21,946.50	-	21,946.50	-	-	100.00
II-P		100.00			100.00	10,815.00	-	10,815.00	-	-	100.00
R-PX		-			-	-	-	-	-	-	-


Total		200.00			200.00	32,761.50	-	32,761.50	-	-	200.00


	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-P	11/01/02	11/30/02		A-30/360		100.00	1,000.000000	219,465.000000	-	219,465.000000	1,000.000000
II-P	11/01/02	11/30/02		A-30/360		100.00	1,000.000000	108,150.000000	-	108,150.000000	1,000.000000
R-PX	11/01/02	11/30/02		A-30/360		-	-	-	-	-	-


							Page 10 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates
	REMIC PX Series 2002-4
	Certificate Payment Report for December 26, 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-P	100.00		41,397.00		-	-	-	41,397.00	-	-	100.00
II-P	100.00		10,815.00		-	-	-	10,815.00	-	-	100.00
R-PX	-		-		-	-	-	-	-	-	-


Total	200.00		52,212.00		-	-	-	52,212.00	-	-	200.00


	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-P		100.00			21,946.50	-	-	-	21,946.50	21,946.50	-
II-P		100.00			10,815.00	-	-	-	10,815.00	10,815.00	-
R-PX		-			-	-	-	-	-	-	-


Total		200.00			32,761.50	-	-	-	32,761.50	32,761.50	-


							Page 11 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collection Account Report for December 26, 2002 Distribution


	Collection Account Report


SUMMARY						GROUP II	GROUP I	TOTAL

	Principal Collections					1,808,943.97	3,185,932.30	4,994,876.27

	TOTAL NET PRINCIPAL					1,808,943.97	3,185,932.30	4,994,876.27

	Interest Collections					2,639,752.57	4,349,647.71	6,989,400.28
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					10,815.00	21,946.50	32,761.50
	Interest Fees					(112,616.44)	(159,630.03)	(272,246.47)
	TOTAL NET INTEREST					2,537,951.13	4,211,964.18	6,749,915.31

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					4,346,895.10	7,397,896.48	11,744,791.58


PRINCIPAL - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Principal					308,199.57	373,015.26	681,214.83
	Prepayments In Full					1,485,209.29	2,783,369.74	4,268,579.03
	Curtailments					15,535.11	29,547.30	45,082.41
	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					(91,204.82)	(116,274.50)	(207,479.32)
	Advanced Principal					91,204.82	116,274.50	207,479.32

	TOTAL PRINCIPAL COLLECTED					1,808,943.97	3,185,932.30	4,994,876.27


				Page 12 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collection Account Report for December 26, 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					2,692,427.77	4,438,944.65	7,131,372.42
	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					(7,757.53)	(11,263.47)	(19,021.00)
	Compensating Interest					7,757.53	11,263.47	19,021.00
	Delinquent Interest					(889,034.26)	(1,704,787.45)	(2,593,821.71)
	Interest Advanced					836,359.06	1,615,490.51	2,451,849.57

	TOTAL INTEREST COLLECTED					2,639,752.57	4,349,647.71	6,989,400.28


				Page 13 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collection Account Report for December 26, 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					10,815.00	21,946.50	32,761.50



	TOTAL INTEREST OTHER ACCOUNTS					10,815.00	21,946.50	32,761.50


INTEREST - FEES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					112,616.44	159,630.03	272,246.47
	Fannie Mae Guaranty Fee						61,560.74	61,560.74
	Certificate Insurance Fee					68,201.09	102,601.24	170,802.33
	Trustee Fee					661.17	995.71	1,656.87
	TOTAL INTEREST OTHER FEES					181,478.70	324,787.72	506,266.42


				Page 14 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Credit Enhancement Report for December 26, 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

	Beginning Overcollateralized Amount					693,488.45	1,675,489.21	2,368,977.66
	Ending Overcollateralized Amount					2,096,866.44	4,378,035.87	6,474,902.31
	Overcollateralization Release Amount					0.00	0.00	0.00
	Overcollateralization Deficiency Amount					6,910,979.32	9,720,049.67	16,631,028.99
	Overcollateralization Target Amount					7,604,467.77	11,395,538.88	19,000,006.65
	Excess Overcollateralization Amount					0.00	0.00	0.00


				Page 15 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collateral Report for December 26, 2002 Distribution


	Collateral Report


COLLATERAL						GROUP II	GROUP I	TOTAL
	Loan Count:
	*Original*					1635	4589	6224
	Prior					1,627	4,575	6,202
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(6)	(16)	(22)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,621	4,559	6,180

	*Principal Balance:*
	Original					400,235,145.67	599,765,204.14	1,000,000,349.81
	Prior					396,699,930.65	597,424,716.24	994,124,646.89
	Prefunding					-	-	-
	Scheduled Principal					(308,199.57)	(373,015.26)	(681,214.83)
	Partial and Full Voluntary Prepayments					(1,500,744.40)	(2,812,917.04)	(4,313,661.44)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					394,890,986.68	594,238,783.94	989,129,770.62

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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collateral Report for December 26, 2002 Distribution


	Collateral Report


CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Coupon Original					8.150103%	8.917916%	8.610611%
	Weighted Average Coupon Prior					8.150103%	8.917916%	8.610611%
	Weighted Average Coupon Current					8.144477%	8.916159%	8.608223%
	Weighted Average Months to Maturity Original					346	355	351
	Weighted Average Months to Maturity Prior					346	355	351
	Weighted Average Months to Maturity Current					345	354	350
	Weighted Avg Remaining Amortization Term Original					346	355	351
	Weighted Avg Remaining Amortization Term Prior					346	355	351
	Weighted Avg Remaining Amortization Term Current					345	354	350
	Weighted Average Seasoning Original					2.61	2.56	2.58
	Weighted Average Seasoning Prior					2.61	2.56	2.58
	Weighted Average Seasoning Current					3.61	3.55	3.57

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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Collateral Report for December 26, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Margin Original					4.109%	4.791%
	Weighted Average Margin Prior					4.109%	4.791%
	Weighted Average Margin Current					4.105%	4.790%
	Weighted Average Max Rate Original					11.510%	13.218%
	Weighted Average Max Rate Prior					11.510%	13.218%
	Weighted Average Max Rate Current					11.494%	13.216%
	Weighted Average Min Rate Original					6.196%	7.706%
	Weighted Average Min Rate Prior					6.196%	7.706%
	Weighted Average Min Rate Current					6.184%	7.704%
	Weighted Average Cap Up Original					0.783%	0.857%
	Weighted Average Cap Up Prior					0.783%	0.857%
	Weighted Average Cap Up Current					0.782%	0.857%
	Weighted Average Cap Down Original					0.783%	0.857%
	Weighted Average Cap Down Prior					0.783%	0.857%
	Weighted Average Cap Down Current					0.782%	0.857%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					112,616.44	159,630.03	272,246.47
	Delinquent Servicing Fees					52,675.19	89,296.93	141,972.12
	TOTAL SERVICING FEES					165,291.63	248,926.96	414,218.59


	Compensating Interest					(7,757.53)	(11,263.47)	(19,021.00)
	Delinquent Servicing Fees					(52,675.19)	(89,296.93)	(141,972.12)
	COLLECTED SERVICING FEES					104,858.91	148,366.56	253,225.47
	Total Advances					927,563.88	1,731,765.01	2,659,328.89

	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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Delinquency Report for December 26, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			5,517,662.44	-	-	5,517,662.44
		% Balance			0.56%	0.00%	0.00%	0.56%
		# Loans			58	-	-	58
		% # Loans			0.94%	0.00%	0.00%	0.94%
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		591,997.52	181,365.36	-	-	773,362.88
		% Balance		0.06%	0.02%	0.00%	0.00%	0.08%
		# Loans		6	2	-	-	8
		% # Loans		0.10%	0.03%	0.00%	0.00%	0.13%
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		591,997.52	5,699,027.80	-	-	6,291,025.32
		% Balance		0.06%	0.58%	0.00%	0.00%	0.64%
		# Loans		6	60	-	-	66
		% # Loans		0.10%	0.97%	0.00%	0.00%	1.07%
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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Delinquency Report for December 26, 2002 Distribution


	Delinquency Report - Group I Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			4,628,240.78	-	-	4,628,240.78
		% Balance			0.78%	0.00%	0.00%	0.78%
		# Loans			46	-	-	46
		% # Loans			1.01%	0.00%	0.00%	1.01%
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		591,997.52	181,365.36	-	-	773,362.88
		% Balance		0.10%	0.03%	0.00%	0.00%	0.13%
		# Loans		6	2	-	-	8
		% # Loans		0.13%	0.04%	0.00%	0.00%	0.18%
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		591,997.52	4,809,606.14	-	-	5,401,603.66
		% Balance		0.10%	0.81%	0.00%	0.00%	0.91%
		# Loans		6	48	-	-	54
		% # Loans		0.13%	1.05%	0.00%	0.00%	1.18%
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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Delinquency Report for December 26, 2002 Distribution


	Delinquency Report - Group II Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			889,421.66	-	-	889,421.66
		% Balance			0.23%	0.00%	0.00%	0.23%
		# Loans			12	-	-	12
		% # Loans			0.74%	0.00%	0.00%	0.74%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	889,421.66	-	-	889,421.66
		% Balance		0.00%	0.23%	0.00%	0.00%	0.23%
		# Loans		-	12	-	-	12
		% # Loans		0.00%	0.74%	0.00%	0.00%	0.74%
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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	REO Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Foreclosure Report for December 26, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group I Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group
Total Current Balance = 000.00


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 23 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Prepayment Report for December 26, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP II	GROUP I	TOTAL

	*Current*
	Number of Paid in Full Loans					6	16	22
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					6	16	22

	Paid in Full Balance					1,485,209.29	2,783,369.74	4,268,579.03
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					15,535.11	29,547.30	45,082.41
	Total Prepayment Amount					1,500,744.40	2,812,917.04	4,313,661.44

	*Cumulative*
	Number of Paid in Full Loans					14	30	44
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					14	30	44

	Paid in Full Balance					4,616,823.86	4,695,245.94	9,312,069.80
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					112,902.19	86,374.26	199,276.45
	Total Prepayment Amount					4,729,726.05	4,781,620.20	9,511,346.25

SPACE INTENTIONALLY LEFT BLANK


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


				Page 24 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Prepayment Report for December 26, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP II	GROUP I	TOTAL

	SMM					0.38%	0.47%	0.43%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.59%	0.40%	0.48%

	CPR					4.45%	5.51%	5.09%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					6.89%	4.69%	5.58%

	PSA					617.05%	775.50%	711.89%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1109.14%	768.50%	907.08%



	Group I
	Group II


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 25 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Prepayment Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank


	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Prepayment Detail Report for December 26, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 22						Loan Group 1 = Group I Group
Total Original Principal Balance = 4,276,150.00						Loan Group 2 = Group II Group
Total Prepayment Amount = 4,268,579.03


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

44561660 1			116,400.00	115,951.23	Nov-14-02	7.370%	TX - 80.00%	Paid Off - 360	May-31-02
44597573 1			95,200.00	95,092.49	Nov-15-02	12.250%	NY - 57.70%	Paid Off - 360	Jun-26-02
44622454 1			191,250.00	191,084.16	Nov-04-02	12.000%	CA - 75.00%	Paid Off - 360	Jul-15-02
44638997 1			201,600.00	201,096.42	Nov-25-02	6.950%	AZ - 80.00%	Paid Off - 360	Jul-26-02
44654994 1			124,800.00	124,673.78	Nov-29-02	11.300%	CA - 60.88%	Paid Off - 360	Aug-01-02
44659480 1			136,500.00	136,191.12	Nov-27-02	7.450%	CA - 70.00%	Paid Off - 360	Aug-07-02
44660488 1			185,500.00	185,364.18	Nov-14-02	10.900%	NY - 70.00%	Paid Off - 360	Aug-08-02
44669984 1			195,700.00	195,459.58	Nov-19-02	8.450%	MO - 95.00%	Paid Off - 360	Aug-16-02
44677789 1			150,000.00	149,835.51	Nov-04-02	9.000%	WA - 75.00%	Paid Off - 360	Aug-22-02
44689412 1			230,000.00	229,833.42	Nov-08-02	10.950%	CA - 51.11%	Paid Off - 360	Aug-29-02
44694784 1			120,000.00	119,912.14	Nov-01-02	10.900%	CA - 75.00%	Paid Off - 360	Aug-30-02
44694792 1			285,000.00	284,767.54	Nov-18-02	10.400%	CA - 75.00%	Paid Off - 360	Aug-30-02
44694891 1			202,300.00	201,950.20	Nov-29-02	6.750%	CA - 85.00%	Paid Off - 360	Aug-30-02
59610550 1			164,000.00	163,402.36	Nov-26-02	10.000%	KS - 80.00%	Paid Off - 360	Feb-12-02
59613109 1			188,000.00	187,463.10	Nov-26-02	10.500%	MA - 79.66%	Paid Off - 360	Mar-18-02
59616144 1			201,750.00	201,292.51	Nov-04-02	8.875%	NJ - 84.06%	Paid Off - 360	Jun-07-02
44560944 2			22,000.00	21,882.70	Nov-22-02	11.750%	CA - 20.00%	Paid Off - 240	May-31-02
44569713 2			340,000.00	338,970.39	Nov-12-02	7.450%	CA - 78.16%	Paid Off - 360	Jun-10-02
44621845 2			21,800.00	21,493.19	Nov-01-02	10.250%	TX - 20.00%	Paid Off - 180	Jul-12-02
44645208 2			387,600.00	386,748.78	Nov-15-02	7.600%	CA - 85.00%	Paid Off - 360	Jul-30-02
44658268 2			356,250.00	355,821.56	Nov-13-02	10.500%	CA - 75.00%	Paid Off - 360	Aug-06-02
44683571 2			360,500.00	360,292.67	Nov-06-02	12.000%	CA - 70.00%	Paid Off - 360	Aug-27-02


					Page 27 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Realized Loss Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Realized Loss Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Realized Loss Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank


	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Realized Loss Detail Report for December 26, 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 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 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					0.00	0.00	0.00
	Beginning Pool Balance					396,699,930.65	597,424,716.24	994,124,646.89
	Delinquency Percentage					0.00%	0.00%


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


ADDITIONAL INFORMATION						GROUP II	GROUP I	TOTAL

	Libor for Current Period							1.380000%
	Libor Date for Current Period							Nov-21-2002

	Libor for Next Period							1.420000%
	Libor Date for Next Period							Dec-23-2002

	Cumulative Loss Percentage					0.000000%	0.000000%
	Aggregate Realized Losses					0.00	0.00	0.00
	Class I-A next Pass-through-Rate							1.620000%
	Class II-A next Pass-through-Rate							1.880000%


				Page 32 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Other Related Information for December 26, 2002 Distribution


	Other Related Information


ADDITIONAL INFORMATION						GROUP II	GROUP I	TOTAL

	NET WAC CARRYOVER AMOUNTS
	Class I-A							0.00
	Class II-A							0.00

	Reserve Fund Balance					1,000.00	1,000.00

	Guarantor Deficiency Amount							0.00
	Guarantor Reimbursement Amount							0.00
	Payments Received from the Guarantor							0.00

	Current Loan Level losses in Current Period							0.00
	Current Recoveries or Losses from Prior Periods							0.00
	Current Total Losses							0.00


				Page 33 of 34				© COPYRIGHT 2002 Deutsche Bank
	Long Beach Mortgage Loan Trust 2002-04
	Asset Backed Pass-Through Certificates

	Additional Certificate Report for December 26, 2002 Distribution


	Additional Certificate Report

SPACE INTENTIONALLY LEFT BLANK
	CLASS


				Page 34 of 34				© COPYRIGHT 2002 Deutsche Bank

LONG BEACH SEC CORP MORTGAGE LOAN TRUST 2002-4 8-K/A