8-K 1 sac02al1.txt AUGUST 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): August 26, 2002 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82146-04 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 26, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-AL1 Trust. 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 Mortgage Pass-Through Certificates, Series 2002-AL1 Trust, relating to the August 26 , 2002 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 hereunto duly authorized. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-AL1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/29/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AL1 Trust, relating to the August 26, 2002 distribution. EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 67/3031/02 Distribution Date: 78/2526/02 SASC Series: 2002-AL1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 86358RXX0 SEN 3.45000% ~~106~~104,~~490~~042,~~353~~870.5870 ~~306~~299,~~159~~123.7712 2,~~447~~048,~~482~~192.8863 A-2 86358RXY8 SEN 3.45000% ~~145~~143,~~553~~619,~~727~~029.5016 ~~418~~412,~~466~~904.9753 12,~~934~~511,~~698~~401.3581 A-3 86358RXZ5 SEN 3.45000% ~~396~~392,~~768~~078,~~145~~609.8063 1,~~140~~127,~~708~~225.4253 45,~~689~~006,~~536~~355.1791 A-PO 86358RYB7 PO 0.00000% 10,~~392~~260,~~728~~981.5267 0.00 ~~131~~133,~~746~~642.8417 A-IO 86358RYA9 IO 3.45000% 0.00 ~~110~~108,~~706~~859.8768 0.00 B-1 86358RYC5 SUB 3.45000% 20,~~810~~733,~~930~~124.4752 59,~~831~~607.4371 7776,~~805~~518.9554 B-2 86358RYD3 SUB 3.45000% 15,~~904~~844,~~120~~659.4865 45,~~724~~553.3538 5958,~~460~~476.8397 B-3 86358RYE1 SUB 3.45000% 11,~~928~~883,~~336~~739.1460 34,~~293~~165.9774 4443,~~596~~858.5463 B-4 86358RXU6 SUB 3.45000% 9,~~883~~846,~~422~~471.3413 28,~~414~~308.8459 36,~~951~~339.2180 B-5 86358RXV4 SUB 3.45000% 7,~~740~~711,~~195~~257.3706 22,~~253~~169.0685 28,~~938~~459.3149 B-6 86358RXW2 SUB 3.45000% 17,~~639~~573,~~264~~316.0805 50,~~712~~523.8826 6163,~~938~~215.2224 O SAS02AL1O RES 3.45000% 100.00 0.29 0.00 Totals ~~743~~733,~~111~~594,~~324~~159.2817 2,~~217~~188,~~272~~441.8568 910,~~513~~006,~~155~~461.3019

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~104~~101,~~042~~994,~~870~~678.7006 2,~~753~~347,~~642~~315.6575 0.00 A-2 0.00 ~~143~~141,~~619~~107,~~029~~627.1635 2,~~353~~924,~~165~~306.3234 0.00 A-3 0.00 ~~392~~387,~~078~~072,~~609~~253.6372 56,~~830~~133,~~244~~581.5944 0.00 A-PO 0.00 10,~~260~~127,~~981~~339.6750 ~~131~~133,~~746~~642.8417 0.00 A-IO 0.00 0.00 ~~110~~108,~~706~~859.8768 0.00 B-1 0.00 20,~~733~~656,~~124~~605.5298 ~~137~~136,~~637~~126.3825 0.00 B-2 0.00 15,~~844~~786,~~659~~182.6568 ~~105~~104,~~185~~030.1835 0.00 B-3 0.00 11,~~883~~839,~~739~~880.6097 78,~~890~~024.5137 0.00 B-4 0.00 9,~~846~~810,~~471~~131.1333 6564,~~366~~648.0539 0.00 B-5 0.00 7,~~711~~682,~~257~~797.0657 5150,~~191~~629.3734 0.00 B-6 41,~~009~~641.8058 17,~~573~~508,~~316~~459.0523 ~~112~~113,~~651~~738.1050 911,~~715~~356.2987 O 0.00 100.00 0.29 0.00 Totals 41,~~009~~641.8058 ~~733~~723,~~594~~586,~~159~~056.1739 1112,~~730~~194,~~428~~902.1587 911,~~715~~356.2987 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 117,197,000.00 ~~106~~104,~~490~~042,~~353~~870.5870 ~~468~~453,~~685~~771.7580 1,~~978~~594,~~797~~420.1383 0.00 0.00 A-2 155,630,000.00 ~~145~~143,~~553~~619,~~727~~029.5016 ~~553~~533,~~105~~895.5324 1,~~381~~977,~~592~~506.8158 0.00 0.00 A-3 416,837,000.00 ~~396~~392,~~768~~078,~~145~~609.8063 1,~~404~~374,~~831~~826.2407 3,~~284~~631,~~704~~529.9384 0.00 0.00 A-PO 11,064,295.07 10,~~392~~260,~~728~~981.5267 4341,~~223~~076.1721 8892,~~523~~565.6796 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 21,168,000.00 20,~~810~~733,~~930~~124.4752 7776,~~805~~518.9554 0.00 0.00 0.00 B-2 16,177,000.00 15,~~904~~844,~~120~~659.4865 5958,~~460~~476.8397 0.00 0.00 0.00 B-3 12,133,000.00 11,~~928~~883,~~336~~739.1460 4443,~~596~~858.5463 0.00 0.00 0.00 B-4 10,053,000.00 9,~~883~~846,~~422~~471.3413 36,~~951~~339.2180 0.00 0.00 0.00 B-5 7,873,000.00 7,~~740~~711,~~195~~257.3706 28,~~938~~459.3149 0.00 0.00 0.00 B-6 17,942,015.00 17,~~639~~573,~~264~~316.0805 6163,~~938~~215.2224 0.00 0.00 41,~~009~~641.8058 O 100.00 100.00 0.00 0.00 0.00 0.00 Totals 786,074,410.07 ~~743~~733,~~111~~594,~~324~~159.2817 2,~~779~~710,~~536~~437.7599 67,~~733~~296,~~618~~023.5421 0.00 41,~~009~~641.8058 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 2,~~447~~048,~~482~~192.8863 ~~104~~101,~~042~~994,~~870~~678.7006 0.~~88776053~~87028404 2,~~447~~048,~~482~~192.8863 A-2 12,~~934~~511,~~698~~401.3581 ~~143~~141,~~619~~107,~~029~~627.1635 0.~~92282355~~90668655 12,~~934~~511,~~698~~401.3581 A-3 45,~~689~~006,~~536~~355.1791 ~~392~~387,~~078~~072,~~609~~253.6372 0.~~94060414~~92859380 45,~~689~~006,~~536~~355.1791 A-PO ~~131~~133,~~746~~642.8417 10,~~260~~127,~~981~~339.6750 0.~~92739588~~91531719 ~~131~~133,~~746~~642.8417 A-IO 0.00 0.00 0.00000000 0.00 B-1 7776,~~805~~518.9554 20,~~733~~656,~~124~~605.5298 0.~~97945600~~97584117 7776,~~805~~518.9554 B-2 5958,~~460~~476.8397 15,~~844~~786,~~659~~182.6568 0.~~97945600~~97584117 5958,~~460~~476.8397 B-3 4443,~~596~~858.5463 11,~~883~~839,~~739~~880.6097 0.~~97945600~~97584117 4443,~~596~~858.5463 B-4 36,~~951~~339.2180 9,~~846~~810,~~471~~131.1333 0.~~97945600~~97584117 36,~~951~~339.2180 B-5 28,~~938~~459.3149 7,~~711~~682,~~257~~797.0657 0.~~97945600~~97584117 28,~~938~~459.3149 B-6 6564,~~948~~856.0282 17,~~573~~508,~~316~~459.0523 0.~~97945053~~97583573 6163,~~938~~215.2224 O 0.00 100.00 1.00000000 0.00 Totals 910,~~517~~008,~~165~~102.1077 ~~733~~723,~~594~~586,~~159~~056.1739 0.~~93323755~~92050580 910,~~513~~006,~~155~~461.3019

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 117,197,000.00 ~~908~~887.~~64402314~~76052885 3.~~99912754~~87187215 1613.~~88436675~~60462153 0.00000000 A-2 155,630,000.00 ~~935~~922.~~25494763~~82355047 3.~~55397758~~43054193 812.~~87741958~~70646135 0.00000000 A-3 416,837,000.00 ~~951~~940.~~85443183~~60414414 3.~~37021723~~29823425 78.~~88007046~~71211011 0.00000000 A-PO 11,064,295.07 ~~939~~927.~~30326824~~39588063 3.~~90654531~~71250132 8.~~00084139~~36618686 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 21,168,000.00 ~~983~~979.~~13163596~~45599584 3.~~67564012~~61482143 0.00000000 0.00000000 B-2 16,177,000.00 ~~983~~979.~~13163627~~45599617 3.~~67564011~~61482166 0.00000000 0.00000000 B-3 12,133,000.00 ~~983~~979.~~13163603~~45599604 3.~~67563999~~61482156 0.00000000 0.00000000 B-4 10,053,000.00 ~~983~~979.~~13163633~~45599622 3.~~67564011~~61482145 0.00000000 0.00000000 B-5 7,873,000.00 ~~983~~979.~~13163597~~45599644 3.~~67563953~~61482154 0.00000000 0.00000000 B-6 17,942,015.00 ~~983~~979.~~12614720~~45052716 3.~~45213288~~52330772 0.00000000 0.00000000 O 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 2017.~~88349429~~47649368 ~~887~~870.~~76052885~~28403509 0.~~88776053~~87028404 2017.~~88349429~~47649368 A-2 0.00000000 1216.~~43139722~~13700321 ~~922~~906.~~82355047~~68654726 0.~~92282355~~90668655 1216.~~43139722~~13700321 A-3 0.00000000 1112.~~25028769~~01034436 ~~940~~928.~~60414414~~59379978 0.~~94060414~~92859380 1112.~~25028769~~01034436 A-PO 0.00000000 1112.~~90738670~~07868817 ~~927~~915.~~39588063~~31719246 0.~~92739588~~91531719 1112.~~90738670~~07868817 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~67564012~~61482143 ~~979~~975.~~45599584~~84117441 0.~~97945600~~97584117 3.~~67564012~~61482143 B-2 0.00000000 3.~~67564011~~61482166 ~~979~~975.~~45599617~~84117451 0.~~97945600~~97584117 3.~~67564011~~61482166 B-3 0.00000000 3.~~67563999~~61482156 ~~979~~975.~~45599604~~84117448 0.~~97945600~~97584117 3.~~67563999~~61482156 B-4 0.00000000 3.~~67564011~~61482145 ~~979~~975.~~45599622~~84117477 0.~~97945600~~97584117 3.~~67564011~~61482145 B-5 0.00000000 3.~~67563953~~61482154 ~~979~~975.~~45599644~~84117490 0.~~97945600~~97584117 3.~~67563953~~61482154 B-6 0.~~22348660~~09149363 3.~~67561949~~61480135 ~~979~~975.~~45052716~~83572581 0.~~97945053~~97583573 3.~~45213288~~52330772 O 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 117,197,000.00 3.45000% ~~106~~104,~~490~~042,~~353~~870.5870 ~~306~~299,~~159~~123.7725 0.00 0.00 A-2 155,630,000.00 3.45000% ~~145~~143,~~553~~619,~~727~~029.5016 ~~418~~412,~~466~~904.9771 0.00 0.00 A-3 416,837,000.00 3.45000% ~~396~~392,~~768~~078,~~145~~609.8063 1,~~140~~127,~~708~~226.4200 0.00 0.00 A-PO 11,064,295.07 0.00000% 10,~~392~~260,~~728~~981.5267 0.00 0.00 0.00 A-IO 0.00 3.45000% 3837,~~506~~864,~~737~~235.7115 ~~106~~108,~~698~~859.6168 0.00 0.00 B-1 21,168,000.00 3.45000% 20,~~810~~733,~~930~~124.4752 59,~~831~~607.4373 0.00 0.00 B-2 16,177,000.00 3.45000% 15,~~904~~844,~~120~~659.4865 45,~~724~~553.3540 0.00 0.00 B-3 12,133,000.00 3.45000% 11,~~928~~883,~~336~~739.1460 34,~~293~~165.9775 0.00 0.00 B-4 10,053,000.00 3.45000% 9,~~883~~846,~~422~~471.3413 28,~~414~~308.8460 0.00 0.00 B-5 7,873,000.00 3.45000% 7,~~740~~711,~~195~~257.3706 22,~~253~~169.0686 0.00 0.00 B-6 17,942,015.00 3.45000% 17,~~639~~573,~~264~~316.0805 50,~~712~~523.8828 0.00 0.00 O 100.00 3.45000% 100.00 0.29 0.00 0.00 Totals 786,074,410.07 2,~~213~~188,~~264~~442.5955 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~306~~299,~~159~~123.7712 0.00 ~~104~~101,~~042~~994,~~870~~678.7006 A-2 0.00 0.00 ~~418~~412,~~466~~904.9753 0.00 ~~143~~141,~~619~~107,~~029~~627.1635 A-3 0.00 0.00 1,~~140~~127,~~708~~225.4253 0.00 ~~392~~387,~~078~~072,~~609~~253.6372 A-PO 0.00 0.00 0.00 0.00 10,~~260~~127,~~981~~339.6750 A-IO 0.00 0.00 ~~110~~108,~~706~~859.8768 0.00 37,~~864~~346,~~235~~295.1521 B-1 0.00 0.00 59,~~831~~607.4371 0.00 20,~~733~~656,~~124~~605.5298 B-2 0.00 0.00 45,~~724~~553.3538 0.00 15,~~844~~786,~~659~~182.6568 B-3 0.00 0.00 34,~~293~~165.9774 0.00 11,~~883~~839,~~739~~880.6097 B-4 0.00 0.00 28,~~414~~308.8459 0.00 9,~~846~~810,~~471~~131.1333 B-5 0.00 0.00 22,~~253~~169.0685 0.00 7,~~711~~682,~~257~~797.0657 B-6 0.00 0.00 50,~~712~~523.8826 0.00 17,~~573~~508,~~316~~459.0523 O 0.00 0.00 0.29 0.00 100.00 Totals 0.00 0.00 2,~~217~~188,~~272~~441.8568 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 117,197,000.00 3.45000% ~~908~~887.~~64402314~~76052885 2.~~61235160~~55231149 0.00000000 0.00000000 A-2 155,630,000.00 3.45000% ~~935~~922.~~25494763~~82355047 2.~~68885800~~65311772 0.00000000 0.00000000 A-3 416,837,000.00 3.45000% ~~951~~940.~~85443183~~60414414 2.~~73658149~~70423691 0.00000000 0.00000000 A-PO 11,064,295.07 0.00000% ~~939~~927.~~30326824~~39588063 0.00000000 0.00000000 0.00000000 A-IO 0.00 3.45000% ~~934~~919.~~85948907~~26096747 2.~~59040921~~64287538 0.00000000 0.00000000 B-1 21,168,000.00 3.45000% ~~983~~979.~~13163596~~45599584 2.~~82650368~~81593585 0.00000000 0.00000000 B-2 16,177,000.00 3.45000% ~~983~~979.~~13163627~~45599617 2.~~82650368~~81593621 0.00000000 0.00000000 B-3 12,133,000.00 3.45000% ~~983~~979.~~13163603~~45599604 2.~~82650375~~81593588 0.00000000 0.00000000 B-4 10,053,000.00 3.45000% ~~983~~979.~~13163633~~45599622 2.~~82650353~~81593554 0.00000000 0.00000000 B-5 7,873,000.00 3.45000% ~~983~~979.~~13163597~~45599644 2.~~82650324~~81593548 0.00000000 0.00000000 B-6 17,942,015.00 3.45000% ~~983~~979.~~12614720~~45052716 2.~~82648744~~81592006 0.00000000 0.00000000 O 100.00 3.45000% 1000.00000000 2.90000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.~~61235160~~55231038 0.00000000 ~~887~~870.~~76052885~~28403509 A-2 0.00000000 0.00000000 2.~~68885800~~65311656 0.00000000 ~~922~~906.~~82355047~~68654726 A-3 0.00000000 0.00000000 2.~~73658149~~70423578 0.00000000 ~~940~~928.~~60414414~~59379978 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~927~~915.~~39588063~~31719246 A-IO 0.00000000 0.00000000 2.~~68772101~~64287538 0.00000000 ~~919~~906.~~26093020~~68651645 B-1 0.00000000 0.00000000 2.~~82650368~~81593490 0.00000000 ~~979~~975.~~45599584~~84117441 B-2 0.00000000 0.00000000 2.~~82650368~~81593497 0.00000000 ~~979~~975.~~45599617~~84117451 B-3 0.00000000 0.00000000 2.~~82650375~~81593505 0.00000000 ~~979~~975.~~45599604~~84117448 B-4 0.00000000 0.00000000 2.~~82650353~~81593455 0.00000000 ~~979~~975.~~45599622~~84117477 B-5 0.00000000 0.00000000 2.~~82650324~~81593421 0.00000000 ~~979~~975.~~45599644~~84117490 B-6 0.00000000 0.00000000 2.~~82648744~~81591895 0.00000000 ~~979~~975.~~45052716~~83572581 O 0.00000000 0.00000000 2.90000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-1 (a) 3.45000% 0.00 0.00 ~~64,820,059.50~~ 62,372,576.62 8260,324,383.~~58347277~~98 79.87159409% A-1 (b) 3.45000% 0.00 0.00 41,670,294.08 41,670,294.08 100.00000000% A-2 (1) 3.45000% 0.00 0.00 5,776,810.75 5,776,810.75 100.00000000% A-2 (2) 3.45000% 0.00 0.00 ~~139,776,916.75~~ 137,842,218.41 91135,330,816.~~98484136~~60 90.30893321% A-3 (1) 3.45000% 0.00 0.00 31,021,012.03 31,021,012.03 100.00000000% A-3 (2) 3.45000% 0.00 0.00 ~~90,168,415.95~~ 88,920,365.20 9187,300,289.~~98484136~~95 90.30893321% A-3 (3) 3.45000% 0.00 0.00 ~~275,578,717.82~~ 272,137,232.39 94268,750,951.~~11710027~~74 92.94597454% A-PO (1) 0.00000% 0.00 0.00 2,~~865~~821,~~857~~448.8044 2,~~821~~782,~~448~~775.4438 9190.~~71022603~~45317131% A-PO (2) 0.00000% 0.00 0.00 4,~~546~~491,~~814~~649.8303 4,~~491~~427,~~649~~003.0390 9291.~~83762311~~50147681% A-PO (3) 0.00000% 0.00 0.00 2,~~980~~947,~~055~~884.8820 2,~~947~~917,~~884~~560.2022 9392.~~59444967~~63167229% A-IO (1) 3.45000% 4,~~386~~314,~~699~~074.2912 4,~~314~~254,~~074~~484.1259 0.00 0.00 9291.~~95634834~~67235901% A-IO (2) 3.45000% 10,~~349~~053,~~450~~720.8232 109,~~053~~874,~~720~~182.3292 0.00 0.00 8785.~~20830792~~65095876% A-IO (3) 3.45000% 23,~~770~~496,~~587~~440.6071 23,~~496~~217,~~440~~627.7170 0.00 0.00 9392.~~90875192~~79441370%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1112,~~823~~275,~~556~~086.7628 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6172,~~255~~447.9848 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1112,~~884~~347,~~812~~533.7476 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~154~~152,~~384~~630.5989 Payment of Interest and Principal 1112,~~730~~194,~~428~~902.1587 Total Withdrawals (Pool Distribution Amount) 1112,~~884~~347,~~812~~533.7476 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~154~~152,~~384~~630.5989 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~154~~152,~~384~~630.5989

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~346~~480 0 0 0 ~~346~~480 1013,~~364~~536,~~077~~131.0051 0.00 0.00 0.00 1013,~~364~~536,~~077~~131.0051 60 Days 65103 0 0 0 65103 2,~~338~~539,~~102~~517.3320 0.00 0.00 0.00 2,~~338~~539,~~102~~517.3320 90 Days 3237 0 0 0 3237 ~~982~~1,~~900~~223,865.9961 0.00 0.00 0.00 ~~982~~1,~~900~~223,865.9961 120 Days 2325 0 0 0 2325 ~~724~~855,~~967~~038.9348 0.00 0.00 0.00 ~~724~~855,~~967~~038.9348 150 Days 2718 0 0 0 2718 ~~687~~419,~~052~~878.5556 0.00 0.00 0.00 ~~687~~419,~~052~~878.5556 180+ Days 2640 0 0 0 2640 ~~780~~1,~~511~~140,275.6684 0.00 0.00 0.00 ~~780~~1,~~511~~140,275.6684 Totals ~~519~~703 0 0 0 ~~519~~703 1519,~~877~~714,~~612~~707.4620 0.00 0.00 0.00 1519,~~877~~714,~~612~~707.4620 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~466288~~060793% 0.000000% 0.000000% 0.000000% 12.~~466288~~060793% 1.~~412781~~870701% 0.000000% 0.000000% 0.000000% 1.~~412781~~870701% 60 Days 0.~~275459~~442212% 0.000000% 0.000000% 0.000000% 0.~~275459~~442212% 0.~~318719~~350963% 0.000000% 0.000000% 0.000000% 0.~~318719~~350963% 90 Days 0.~~135610~~158853% 0.000000% 0.000000% 0.000000% 0.~~135610~~158853% 0.~~133984~~169139% 0.000000% 0.000000% 0.000000% 0.~~133984~~169139% 120 Days 0.~~097470~~107333% 0.000000% 0.000000% 0.000000% 0.~~097470~~107333% 0.~~098824~~118167% 0.000000% 0.000000% 0.000000% 0.~~098824~~118167% 150 Days 0.~~114421~~077280% 0.000000% 0.000000% 0.000000% 0.~~114421~~077280% 0.~~093656~~058027% 0.000000% 0.000000% 0.000000% 0.~~093656~~058027% 180+ Days 0.~~110183~~171733% 0.000000% 0.000000% 0.000000% 0.~~110183~~171733% 0.~~106396~~157587% 0.000000% 0.000000% 0.000000% 0.~~106396~~157587% Totals 23.~~199432~~018204% 0.000000% 0.000000% 0.000000% 23.~~199432~~018204% 2.~~164359~~724584% 0.000000% 0.000000% 0.000000% 2.~~164359~~724584%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3045 0 0 0 3045 1,~~139~~681,~~177~~352.5450 0.00 0.00 0.00 1,~~139~~681,~~177~~352.5450 60 Days 46 0 0 0 46 ~~116~~168,~~182~~609.6976 0.00 0.00 0.00 ~~116~~168,~~182~~609.6976 90 Days 02 0 0 0 02 059,466.0090 0.00 0.00 0.00 059,466.0090 120 Days 1 0 0 0 1 6620,~~959~~958.5922 0.00 0.00 0.00 6620,~~959~~958.5922 150 Days 10 0 0 0 10 ~~20,958~~0.2200 0.00 0.00 0.00 ~~20,958~~0.2200 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3654 0 0 0 3654 1,~~343~~930,~~278~~387.0438 0.00 0.00 0.00 1,~~343~~930,~~278~~387.0438 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~602410~~914262% 0.000000% 0.000000% 0.000000% 0.~~602410~~914262% 01.~~701251~~048865% 0.000000% 0.000000% 0.000000% 01.~~701251~~048865% 60 Days 0.~~080321~~121902% 0.000000% 0.000000% 0.000000% 0.~~080321~~121902% 0.~~071519~~105183% 0.000000% 0.000000% 0.000000% 0.~~071519~~105183% 90 Days 0.~~000000~~040634% 0.000000% 0.000000% 0.000000% 0.~~000000~~040634% 0.~~000000~~037097% 0.000000% 0.000000% 0.000000% 0.~~000000~~037097% 120 Days 0.~~020080~~020317% 0.000000% 0.000000% 0.000000% 0.~~020080~~020317% 0.~~041219~~013074% 0.000000% 0.000000% 0.000000% 0.~~041219~~013074% 150 Days 0.~~020080~~000000% 0.000000% 0.000000% 0.000000% 0.~~020080~~000000% 0.~~012901~~000000% 0.000000% 0.000000% 0.000000% 0.~~012901~~000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~722892~~097115% 0.000000% 0.000000% 0.000000% 01.~~722892~~097115% 01.~~826890~~204219% 0.000000% 0.000000% 0.000000% 01.~~826890~~204219% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 72106 0 0 0 72106 23,~~549~~773,~~944~~405.4725 0.00 0.00 0.00 23,~~549~~773,~~944~~405.4725 60 Days 1720 0 0 0 1720 ~~804~~505,~~818~~580.1190 0.00 0.00 0.00 ~~804~~505,~~818~~580.1190 90 Days 109 0 0 0 109 ~~373~~161,~~729~~754.2281 0.00 0.00 0.00 ~~373~~161,~~729~~754.2281 120 Days 5 0 0 0 5 ~~220~~241,~~246~~003.3806 0.00 0.00 0.00 ~~220~~241,~~246~~003.3806 150 Days 94 0 0 0 94 8076,~~545~~734.4373 0.00 0.00 0.00 8076,~~545~~734.4373 180 Days 311 0 0 0 311 54253,~~522~~215.4742 0.00 0.00 0.00 54253,~~522~~215.4742 Totals ~~116~~155 0 0 0 ~~116~~155 45,~~083~~011,~~806~~694.0817 0.00 0.00 0.00 45,~~083~~011,~~806~~694.0817 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~980259~~468958% 0.000000% 0.000000% 0.000000% 01.~~980259~~468958% 01.~~976202~~468831% 0.000000% 0.000000% 0.000000% 01.~~976202~~468831% 60 Days 0.~~231450~~277162% 0.000000% 0.000000% 0.000000% 0.~~231450~~277162% 0.~~308111~~196802% 0.000000% 0.000000% 0.000000% 0.~~308111~~196802% 90 Days 0.~~136147~~124723% 0.000000% 0.000000% 0.000000% 0.~~136147~~124723% 0.~~143076~~062964% 0.000000% 0.000000% 0.000000% 0.~~143076~~062964% 120 Days 0.~~068074~~069290% 0.000000% 0.000000% 0.000000% 0.~~068074~~069290% 0.~~084317~~093813% 0.000000% 0.000000% 0.000000% 0.~~084317~~093813% 150 Days 0.~~122532~~055432% 0.000000% 0.000000% 0.000000% 0.~~122532~~055432% 0.~~030835~~029870% 0.000000% 0.000000% 0.000000% 0.~~030835~~029870% 180 Days 0.~~040844~~152439% 0.000000% 0.000000% 0.000000% 0.~~040844~~152439% 0.~~020873~~098566% 0.000000% 0.000000% 0.000000% 0.~~020873~~098566% Totals 12.~~579306~~148004% 0.000000% 0.000000% 0.000000% 12.~~579306~~148004% 1.~~563414~~950845% 0.000000% 0.000000% 0.000000% 1.~~563414~~950845% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~244~~329 0 0 0 ~~244~~329 68,~~674~~081,~~954~~373.9976 0.00 0.00 0.00 68,~~674~~081,~~954~~373.9976 60 Days 4477 0 0 0 4477 1,~~417~~865,~~101~~326.5354 0.00 0.00 0.00 1,~~417~~865,~~101~~326.5354 90 Days 2226 0 0 0 2226 ~~609~~1,~~171~~002,643.7790 0.00 0.00 0.00 ~~609~~1,~~171~~002,643.7790 120 Days 1719 0 0 0 1719 ~~437~~593,~~761~~077.9620 0.00 0.00 0.00 ~~437~~593,~~761~~077.9620 150 Days 1714 0 0 0 1714 ~~585~~343,~~548~~143.9083 0.00 0.00 0.00 ~~585~~343,~~548~~143.9083 180 Days 2329 0 0 0 2329 ~~725~~887,~~989~~060.1942 0.00 0.00 0.00 ~~725~~887,~~989~~060.1942 Totals ~~367~~494 0 0 0 ~~367~~494 1012,~~450~~772,~~528~~625.3465 0.00 0.00 0.00 1012,~~450~~772,~~528~~625.3465 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~164656~~949614% 0.000000% 0.000000% 0.000000% 2.~~164656~~949614% 2.~~153670~~637650% 0.000000% 0.000000% 0.000000% 2.~~153670~~637650% 60 Days 0.~~390348~~690335% 0.000000% 0.000000% 0.000000% 0.~~390348~~690335% 0.~~457227~~608817% 0.000000% 0.000000% 0.000000% 0.~~457227~~608817% 90 Days 0.~~195174~~233100% 0.000000% 0.000000% 0.000000% 0.~~195174~~233100% 0.~~196549~~327249% 0.000000% 0.000000% 0.000000% 0.~~196549~~327249% 120 Days 0.~~150816~~170342% 0.000000% 0.000000% 0.000000% 0.~~150816~~170342% 0.~~141244~~193572% 0.000000% 0.000000% 0.000000% 0.~~141244~~193572% 150 Days 0.~~150816~~125516% 0.000000% 0.000000% 0.000000% 0.~~150816~~125516% 0.~~188927~~111997% 0.000000% 0.000000% 0.000000% 0.~~188927~~111997% 180 Days 0.~~204045~~259996% 0.000000% 0.000000% 0.000000% 0.~~204045~~259996% 0.~~234240~~289524% 0.000000% 0.000000% 0.000000% 0.~~234240~~289524% Totals 34.~~255855~~428904% 0.000000% 0.000000% 0.000000% 34.~~255855~~428904% 34.~~371856~~168810% 0.000000% 0.000000% 0.000000% 34.~~371856~~168810%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6172,~~255~~447.9848

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 372,522.00 0.04739017% 372,522.00 0.~~05078039~~05148275% Fraud 23,582,230.00 2.99999971% 23,582,230.00 3.~~21461529~~25907745% Special Hazard 24,500,000.00 3.11675329% 24,500,000.00 3.~~33972125~~38591378% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 3.~~830201~~826810% Weighted Average Pass-Through Rate 3.~~574051~~577139% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 23,~~870~~597 Number Of Loans Paid In Full ~~273~~305 Ending Scheduled Collateral Loan Count 23,~~597~~292 Beginning Scheduled Collateral Balance ~~743~~733,~~111~~594,~~324~~159.2616 Ending Scheduled Collateral Balance ~~733~~723,~~594~~586,~~159~~056.1638 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2002 ~~733~~723,~~594~~586,~~159~~056.1638 Monthly P &I Constant 5,~~151~~051,~~195~~517.9620 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,~~043~~514,~~751~~064.4529 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~733~~723,~~594~~586,~~159~~056.1638 Scheduled Principal 2,~~783~~712,~~546~~079.5657 Unscheduled Principal 67,~~733~~296,~~618~~023.5421

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 3.~~731799~~731698 3.~~775404~~772993 3.~~928224~~922018 Weighted Average Net Rate 3.~~481799~~481698 3.~~525811~~523261 3.~~679527~~672571 Weighted Average Maturity ~~321~~320 ~~316~~315 ~~318~~317 Beginning Loan Count 54,~~039~~980 7,~~450~~345 11,~~381~~272 Loans Paid In Full 5958 ~~105~~129 ~~109~~118 Ending Loan Count 4,~~980~~922 7,~~345~~216 11,~~272~~154 Beginning Scheduled Balance ~~165~~162,~~002~~449,~~967~~421.5877 ~~264~~261,~~567~~210,~~689~~763.0849 ~~313~~309,~~540~~933,~~667~~973.6090 Ending scheduled Balance ~~162~~160,~~449~~302,~~421~~025.7772 ~~261~~256,~~210~~898,~~763~~612.4963 ~~309~~306,~~933~~385,~~973~~418.9003 Record Date 0607/3031/2002 0607/3031/2002 0607/3031/2002 Principal And Interest Constant 1,~~053~~028,~~152~~720.0295 1,~~877~~832,~~383~~437.1000 2,~~220~~190,~~660~~359.8425 Scheduled Principal ~~540~~523,~~020~~544.3914 1,~~045~~011,~~499~~148.6526 1,~~198~~177,~~026~~387.5217 Unscheduled Principal 21,~~013~~623,~~525~~851.4291 23,~~311~~301,~~425~~002.9460 2,~~408~~371,~~667~~168.1870 Scheduled Interest ~~513~~505,~~131~~176.6381 ~~831~~821,~~883~~288.4574 1,~~022~~012,~~634~~972.3208 Servicing Fees 3433,~~375~~843.6257 5554,~~028~~360.5568 64,~~980~~426.4264 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~478~~471,~~756~~333.0124 ~~776~~766,~~854~~928.9006 ~~957~~948,~~653~~545.9044 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.~~481799~~481698 3.~~525669~~523261 3.~~678771~~672571

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed Weighted Average Coupon Rate 3.~~830201~~826810 Weighted Average Net Rate 3.~~574051~~577139 Weighted Average Maturity 1 Beginning Loan Count 23,~~870~~597 Loans Paid In Full ~~273~~305 Ending Loan Count 23,~~597~~292 Beginning Scheduled Balance ~~743~~733,~~111~~594,~~324~~159.2616 Ending scheduled Balance ~~733~~723,~~594~~586,~~159~~056.1638 Record Date 0607/3031/2002 Principal And Interest Constant 5,~~151~~051,~~195~~517.9620 Scheduled Principal 2,~~783~~712,~~546~~079.5657 Unscheduled Principal 67,~~733~~296,~~618~~023.5421 Scheduled Interest 2,~~367~~339,~~649~~437.4063 Servicing Fees ~~154~~152,~~384~~630.5989 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~213~~186,~~264~~806.8174 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 3.~~574051~~577139

Filing Compare · STRUCTURED ASSET SEC CORP PASS THROUGH CERT SERIES 2002-AL1