8-K 1 mam02002.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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-05 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 MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2002-2 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 2002-2 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer 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 2002-2 Trust, relating to the August 26, 2002 distribution. EX-99.1

Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 67/3031/02 Distribution Date: 78/2526/02 MARM Series: 2002-2 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 576433AV8 SEN 6.~~06932~~06520% ~~137~~133,~~876~~274,~~203~~126.7724 ~~697~~673,~~345~~611.1992 411,~~602~~784,~~077~~592.5355 A-R 576433BA3 RES 6.~~06932~~06520% 0.00 0.00 0.00 A-2 576433AW6 SEN 5.~~95282~~94898% ~~115~~111,~~874~~274,~~598~~285.8937 ~~574~~551,~~817~~640.2218 48,~~600~~589,~~313~~537.5268 A-3 576433AX4 SEN 5.~~99322~~99327% 40,~~093~~045,~~682~~882.0409 200,~~242~~004.0276 4753,~~799~~173.9506 A-4 576433AY2 SEN 5.~~28961~~28792% 4948,~~420~~426,~~800~~836.3284 ~~217~~213,~~847~~397.4684 ~~993~~3,~~963~~899,753.4864 A-5 576433AZ9 SEN 5.~~67006~~66138% 7871,~~292~~592,~~231~~114.9906 ~~369~~337,~~934~~758.8035 69,~~700~~595,~~117~~473.9305 B-1 576433BB1 SUB 5.~~86450~~86021% 6,~~609~~603,~~670~~275.9627 32,~~302~~247.0015 6,~~395~~435.6994 B-2 576433BC9 SUB 5.~~86450~~86021% 2,~~203~~201,~~889~~757.6814 10,~~770~~752.5930 2,~~132~~145.5496 B-3 576433BD7 SUB 5.~~86450~~86021% 1,~~762~~760,~~312~~607.5125 8,~~612~~597.5694 1,~~705~~715.2699 B-4 576433BE5 SUB 5.~~86450~~86021% ~~881~~880,~~156~~303.2663 4,~~306~~298.2897 ~~852~~858.6300 B-5 576433BF2 SUB 5.~~86450~~86021% ~~881~~880,~~156~~303.2663 4,~~306~~298.2897 ~~852~~858.6300 B-6 576433BG0 SUB 5.~~86450~~86021% ~~881~~880,~~842~~990.5122 4,~~309~~302.6432 ~~852~~859.2965 Totals ~~434~~417,~~777~~820,~~545~~481.1974 2,~~124~~040,~~794~~910.0470 1633,~~957~~935,~~063~~403.4552

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~133~~121,~~274~~489,~~126~~533.2469 512,~~299~~458,~~422~~204.7247 0.00 A-R 0.00 0.00 0.00 0.00 A-2 0.00 ~~111~~102,~~274~~684,~~285~~747.3769 59,~~175~~141,~~130~~177.7486 0.00 A-3 0.00 4039,~~045~~992,~~882~~709.0903 ~~248~~253,~~041~~177.9782 0.00 A-4 0.00 4844,~~426~~527,~~836~~083.8420 14,~~211~~113,~~810~~151.9448 0.00 A-5 0.00 7161,~~592~~996,~~114~~641.0601 79,~~070~~933,~~052~~231.7340 0.00 B-1 0.00 6,~~603~~596,~~275~~839.2733 38,~~697~~683.6909 0.00 B-2 0.00 2,~~201~~199,~~757~~611.1418 12,~~903~~898.1326 0.00 B-3 0.00 1,~~760~~758,~~607~~891.2526 10,~~317~~313.8293 0.00 B-4 0.00 ~~880~~879,~~303~~445.63 5,~~158~~156.9197 0.00 B-5 0.00 ~~880~~879,~~303~~445.63 5,~~158~~156.9197 0.00 B-6 0.00 880,~~990~~130.2257 5,161.9397 0.00 Totals 0.00 ~~417~~383,~~820~~885,~~481~~078.7422 1935,~~081~~976,~~857~~314.4922 0.00 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-1 139,777,000.00 ~~137~~133,~~876~~274,~~203~~126.7724 ~~115~~113,~~977~~043.2274 411,~~486~~671,~~100~~548.3181 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 118,094,000.00 ~~115~~111,~~874~~274,~~598~~285.8937 ~~114~~110,~~160~~525.3884 48,~~486~~479,~~153~~011.1484 0.00 0.00 A-3 40,144,000.00 40,~~093~~045,~~682~~882.0409 39,~~590~~835.2392 813,~~209~~337.7214 0.00 0.00 A-4 50,044,000.00 4948,~~420~~426,~~800~~836.3284 5554,~~336~~853.1089 ~~938~~3,~~627~~844,899.3875 0.00 0.00 A-5 79,743,000.00 7871,~~292~~592,~~231~~114.9906 8275,~~823~~852.0081 69,~~617~~519,~~294~~620.9324 0.00 0.00 B-1 6,616,000.00 6,~~609~~603,~~670~~275.9627 6,~~395~~435.6994 0.00 0.00 0.00 B-2 2,206,000.00 2,~~203~~201,~~889~~757.6814 2,~~132~~145.5496 0.00 0.00 0.00 B-3 1,764,000.00 1,~~762~~760,~~312~~607.5125 1,~~705~~715.2699 0.00 0.00 0.00 B-4 882,000.00 ~~881~~880,~~156~~303.2663 ~~852~~858.6300 0.00 0.00 0.00 B-5 882,000.00 ~~881~~880,~~156~~303.2663 ~~852~~858.6300 0.00 0.00 0.00 B-6 882,686.91 ~~881~~880,~~842~~990.5122 ~~852~~859.2965 0.00 0.00 0.00 Totals 441,034,786.91 ~~434~~417,~~777~~820,~~545~~481.1974 ~~420~~406,~~677~~985.9774 1633,~~536~~528,~~385~~417.4878 0.00 0.00 (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-1 411,~~602~~784,~~077~~592.5355 ~~133~~121,~~274~~489,~~126~~533.2469 0.~~95347680~~86916684 411,~~602~~784,~~077~~592.5355 A-R 0.00 0.00 0.00000000 0.00 A-2 48,~~600~~589,~~313~~537.5268 ~~111~~102,~~274~~684,~~285~~747.3769 0.~~94225181~~86951706 48,~~600~~589,~~313~~537.5268 A-3 4753,~~799~~173.9506 4039,~~045~~992,~~882~~709.0903 0.~~99755585~~99623129 4753,~~799~~173.9506 A-4 ~~993~~3,~~963~~899,753.4864 4844,~~426~~527,~~836~~083.8420 0.~~96768517~~88975868 ~~993~~3,~~963~~899,753.4864 A-5 69,~~700~~595,~~117~~473.9305 7161,~~592~~996,~~114~~641.0601 0.~~89778556~~77745559 69,~~700~~595,~~117~~473.9305 B-1 6,~~395~~435.6994 6,~~603~~596,~~275~~839.2733 0.~~99807667~~99710389 6,~~395~~435.6994 B-2 2,~~132~~145.5496 2,~~201~~199,~~757~~611.1418 0.~~99807667~~99710389 2,~~132~~145.5496 B-3 1,~~705~~715.2699 1,~~760~~758,~~607~~891.2526 0.~~99807667~~99710389 1,~~705~~715.2699 B-4 ~~852~~858.6300 ~~880~~879,~~303~~445.63 0.~~99807668~~99710389 ~~852~~858.6300 B-5 ~~852~~858.6300 ~~880~~879,~~303~~445.63 0.~~99807668~~99710389 ~~852~~858.6300 B-6 ~~852~~859.2965 880,~~990~~130.2257 0.~~99807781~~99710391 ~~852~~859.2965 Totals 1633,~~957~~935,~~063~~403.4552 ~~417~~383,~~820~~885,~~481~~078.7422 0.~~94736400~~87041905 1633,~~957~~935,~~063~~403.4552

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 139,777,000.00 ~~986~~953.~~40122316~~47679690 0.~~82973036~~80874350 3283.~~09469591~~50121129 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 118,094,000.00 ~~981~~942.~~20648712~~25181101 0.~~96669077~~93591410 3771.~~98798533~~79883686 0.00000000 A-3 40,144,000.00 ~~998~~997.~~74656337~~55585119 0.~~98620541~~99232563 0.~~20450678~~33223246 0.00000000 A-4 50,044,000.00 ~~987~~967.~~54696507~~68517385 1.~~10574894~~09611322 1876.~~75604228~~83038426 0.00000000 A-5 79,743,000.00 ~~981~~897.~~80695472~~78556187 10.~~03862408~~95121591 82119.~~98276877~~37875726 0.00000000 B-1 6,616,000.00 ~~999~~998.~~04337364~~07667322 0.~~96670042~~97278416 0.00000000 0.00000000 B-2 2,206,000.00 ~~999~~998.~~04337262~~07667271 0.~~96669991~~97278332 0.00000000 0.00000000 B-3 1,764,000.00 ~~999~~998.~~04337302~~07667234 0.~~96670068~~97278345 0.00000000 0.00000000 B-4 882,000.00 ~~999~~998.~~04337868~~07667800 0.~~96670068~~97278912 0.00000000 0.00000000 B-5 882,000.00 ~~999~~998.~~04337868~~07667800 0.~~96670068~~97278912 0.00000000 0.00000000 B-6 882,686.91 ~~999~~998.~~04337541~~07781221 0.~~96556320~~97390138 0.00000000 0.00000000

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 3284.~~92442626~~30995479 ~~953~~869.~~47679690~~16684211 0.~~95347680~~86916684 3284.~~92442626~~30995479 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 3872.~~95467611~~73475096 ~~942~~869.~~25181101~~51706005 0.~~94225181~~86951706 3872.~~95467611~~73475096 A-3 0.00000000 1.~~19071219~~32455809 ~~997~~996.~~55585119~~23129309 0.~~99755585~~99623129 1.~~19071219~~32455809 A-4 0.00000000 1977.~~86179122~~92649748 ~~967~~889.~~68517385~~75867636 0.~~96768517~~88975868 1977.~~86179122~~92649748 A-5 0.00000000 84120.~~02139285~~32997316 ~~897~~777.~~78556187~~45558870 0.~~89778556~~77745559 84120.~~02139285~~32997316 B-1 0.00000000 0.~~96670042~~97278416 ~~998~~997.~~07667322~~10388906 0.~~99807667~~99710389 0.~~96670042~~97278416 B-2 0.00000000 0.~~96669991~~97278332 ~~998~~997.~~07667271~~10388939 0.~~99807667~~99710389 0.~~96669991~~97278332 B-3 0.00000000 0.~~96670068~~97278345 ~~998~~997.~~07667234~~10388889 0.~~99807667~~99710389 0.~~96670068~~97278345 B-4 0.00000000 0.~~96670068~~97278912 ~~998~~997.~~07667800~~10388889 0.~~99807668~~99710389 0.~~96670068~~97278912 B-5 0.00000000 0.~~96670068~~97278912 ~~998~~997.~~07667800~~10388889 0.~~99807668~~99710389 0.~~96670068~~97278912 B-6 0.00000000 0.~~96556320~~97390138 ~~998~~997.~~07781221~~10391083 0.~~99807781~~99710391 0.~~96556320~~97390138 (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-1 139,777,000.00 6.~~06932~~06520% ~~137~~133,~~876~~274,~~203~~126.7724 ~~697~~673,~~345~~611.1992 0.00 0.00 A-R 100.00 6.~~06932~~06520% 0.00 0.00 0.00 0.00 A-2 118,094,000.00 5.~~95282~~94898% ~~115~~111,~~874~~274,~~598~~285.8937 ~~574~~551,~~817~~640.2218 0.00 0.00 A-3 40,144,000.00 5.~~99322~~99327% 40,~~093~~045,~~682~~882.0409 200,~~242~~004.0276 0.00 0.00 A-4 50,044,000.00 5.~~28961~~28792% 4948,~~420~~426,~~800~~836.3284 ~~217~~213,~~847~~397.4684 0.00 0.00 A-5 79,743,000.00 5.~~67006~~66138% 7871,~~292~~592,~~231~~114.9906 ~~369~~337,~~934~~758.8035 0.00 0.00 B-1 6,616,000.00 5.~~86450~~86021% 6,~~609~~603,~~670~~275.9627 32,~~302~~247.0015 0.00 0.00 B-2 2,206,000.00 5.~~86450~~86021% 2,~~203~~201,~~889~~757.6814 10,~~770~~752.5930 0.00 0.00 B-3 1,764,000.00 5.~~86450~~86021% 1,~~762~~760,~~312~~607.5125 8,~~612~~597.5694 0.00 0.00 B-4 882,000.00 5.~~86450~~86021% ~~881~~880,~~156~~303.2663 4,~~306~~298.2897 0.00 0.00 B-5 882,000.00 5.~~86450~~86021% ~~881~~880,~~156~~303.2663 4,~~306~~298.2897 0.00 0.00 B-6 882,686.91 5.~~86450~~86021% ~~881~~880,~~842~~990.5122 4,~~309~~302.6432 0.00 0.00 Totals 441,034,786.91 2,~~124~~040,~~794~~910.0470 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 ~~697~~673,~~345~~611.1992 0.00 ~~133~~121,~~274~~489,~~126~~533.2469 A-R 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 ~~574~~551,~~817~~640.2218 0.00 ~~111~~102,~~274~~684,~~285~~747.3769 A-3 0.00 0.00 200,~~242~~004.0276 0.00 4039,~~045~~992,~~882~~709.0903 A-4 0.00 0.00 ~~217~~213,~~847~~397.4684 0.00 4844,~~426~~527,~~836~~083.8420 A-5 0.00 0.00 ~~369~~337,~~934~~758.8035 0.00 7161,~~592~~996,~~114~~641.0601 B-1 0.00 0.00 32,~~302~~247.0015 0.00 6,~~603~~596,~~275~~839.2733 B-2 0.00 0.00 10,~~770~~752.5930 0.00 2,~~201~~199,~~757~~611.1418 B-3 0.00 0.00 8,~~612~~597.5694 0.00 1,~~760~~758,~~607~~891.2526 B-4 0.00 0.00 4,~~306~~298.2897 0.00 ~~880~~879,~~303~~445.63 B-5 0.00 0.00 4,~~306~~298.2897 0.00 ~~880~~879,~~303~~445.63 B-6 0.00 0.00 4,~~309~~302.6432 0.00 880,~~990~~130.2257 Totals 0.00 0.00 2,~~124~~040,~~794~~910.0470 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-1 139,777,000.00 6.~~06932~~06520% ~~986~~953.~~40122316~~47679690 4.~~98898381~~81919000 0.00000000 0.00000000 A-R 100.00 6.~~06932~~06520% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 118,094,000.00 5.~~95282~~94898% ~~981~~942.~~20648712~~25181101 4.~~86745491~~67119566 0.00000000 0.00000000 A-3 40,144,000.00 5.~~99322~~99327% ~~998~~997.~~74656337~~55585119 4.~~98809336~~98218314 0.00000000 0.00000000 A-4 50,044,000.00 5.~~28961~~28792% ~~987~~967.~~54696507~~68517385 4.~~35311846~~26420430 0.00000000 0.00000000 A-5 79,743,000.00 5.~~67006~~66138% ~~981~~897.~~80695472~~78556187 4.~~63908807~~23558620 0.00000000 0.00000000 B-1 6,616,000.00 5.~~86450~~86021% ~~999~~998.~~04337364~~07667322 4.~~88240629~~87411578 0.00000000 0.00000000 B-2 2,206,000.00 5.~~86450~~86021% ~~999~~998.~~04337262~~07667271 4.~~88240707~~87411605 0.00000000 0.00000000 B-3 1,764,000.00 5.~~86450~~86021% ~~999~~998.~~04337302~~07667234 4.~~88240363~~87411565 0.00000000 0.00000000 B-4 882,000.00 5.~~86450~~86021% ~~999~~998.~~04337868~~07667800 4.~~88240363~~87411565 0.00000000 0.00000000 B-5 882,000.00 5.~~86450~~86021% ~~999~~998.~~04337868~~07667800 4.~~88240363~~87411565 0.00000000 0.00000000 B-6 882,686.91 5.~~86450~~86021% ~~999~~998.~~04337541~~07781221 4.~~88241068~~87411782 0.00000000 0.00000000 (5) Per $1 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 4.~~98898381~~81919000 0.00000000 ~~953~~869.~~47679690~~16684211 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 4.~~86745491~~67119566 0.00000000 ~~942~~869.~~25181101~~51706005 A-3 0.00000000 0.00000000 4.~~98809336~~98218314 0.00000000 ~~997~~996.~~55585119~~23129309 A-4 0.00000000 0.00000000 4.~~35311846~~26420430 0.00000000 ~~967~~889.~~68517385~~75867636 A-5 0.00000000 0.00000000 4.~~63908807~~23558620 0.00000000 ~~897~~777.~~78556187~~45558870 B-1 0.00000000 0.00000000 4.~~88240629~~87411578 0.00000000 ~~998~~997.~~07667322~~10388906 B-2 0.00000000 0.00000000 4.~~88240707~~87411605 0.00000000 ~~998~~997.~~07667271~~10388939 B-3 0.00000000 0.00000000 4.~~88240363~~87411565 0.00000000 ~~998~~997.~~07667234~~10388889 B-4 0.00000000 0.00000000 4.~~88240363~~87411565 0.00000000 ~~998~~997.~~07667800~~10388889 B-5 0.00000000 0.00000000 4.~~88240363~~87411565 0.00000000 ~~998~~997.~~07667800~~10388889 B-6 0.00000000 0.00000000 4.~~88241068~~87411782 0.00000000 ~~998~~997.~~07781221~~10391083 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1936,~~163~~062,~~847~~556.8213 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2113,~~662~~539.1971 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1936,~~185~~076,~~510~~095.0184 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~103~~99,~~652~~781.5262 Payment of Interest and Principal 1935,~~081~~976,~~857~~314.4922 Total Withdrawals (Pool Distribution Amount) 1936,~~185~~076,~~510~~095.0184 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~103~~99,~~652~~781.5262 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~103~~99,~~652~~781.5262

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 115 0 0 0 115 32,~~906~~456,~~882~~086.5946 0.00 0.00 0.00 32,~~906~~456,~~882~~086.5946 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 115 0 0 0 115 32,~~906~~456,~~882~~086.5946 0.00 0.00 0.00 32,~~906~~456,~~882~~086.5946 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 10.~~106640~~539374% 0.000000% 0.000000% 0.000000% 10.~~106640~~539374% 0.~~934335~~639320% 0.000000% 0.000000% 0.000000% 0.~~934335~~639320% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~106640~~539374% 0.000000% 0.000000% 0.000000% 10.~~106640~~539374% 0.~~934335~~639320% 0.000000% 0.000000% 0.000000% 0.~~934335~~639320%

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 2 0 0 0 2 1,~~043~~175,~~922~~078.9279 0.00 0.00 0.00 1,~~043~~175,~~922~~078.9279 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 1,~~043~~175,~~922~~078.9279 0.00 0.00 0.00 1,~~043~~175,~~922~~078.9279 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~706714~~763359% 0.000000% 0.000000% 0.000000% 0.~~706714~~763359% 0.~~758206~~933470% 0.000000% 0.000000% 0.000000% 0.~~758206~~933470% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~706714~~763359% 0.000000% 0.000000% 0.000000% 0.~~706714~~763359% 0.~~758206~~933470% 0.000000% 0.000000% 0.000000% 0.~~758206~~933470% 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 71 0 0 0 7 1 309,~~908,089~~410.7019 0.00 0.00 0.00 1309,~~908,089~~410.7019 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 71 0 0 0 7 1 309,~~908,089~~410.7019 0.00 0.00 0.00 1309,~~908,089~~410.7019 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~250804~~340136% 0.000000% 0.000000% 0.000000% 20.~~250804~~340136% 10.~~659028~~290775% 0.000000% 0.000000% 0.000000% 10.~~659028~~290775% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~250804~~340136% 0.000000% 0.000000% 0.000000% 20.~~250804~~340136% 10.~~659028~~290775% 0.000000% 0.000000% 0.000000% 10.~~659028~~290775% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 01 0 0 0 01 0563,092.0015 0.00 0.00 0.00 0563,092.0015 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 0563,092.0015 0.00 0.00 0.00 0563,092.0015 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~052632% 0.000000% 0.000000% 0.000000% 01.~~000000~~052632% 01.~~000000~~221249% 0.000000% 0.000000% 0.000000% 01.~~000000~~221249% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~000000~~052632% 0.000000% 0.000000% 0.000000% 01.~~000000~~052632% 01.~~000000~~221249% 0.000000% 0.000000% 0.000000% 01.~~000000~~221249% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 21 0 0 0 21 ~~954~~408,~~869~~505.9733 0.00 0.00 0.00 ~~954~~408,~~869~~505.9733 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 21 0 0 0 21 ~~954~~408,~~869~~505.9733 0.00 0.00 0.00 ~~954~~408,~~869~~505.9733 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~036269~~584795% 0.000000% 0.000000% 0.000000% 10.~~036269~~584795% 10.~~288310~~633238% 0.000000% 0.000000% 0.000000% 10.~~288310~~633238% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~036269~~584795% 0.000000% 0.000000% 0.000000% 10.~~036269~~584795% 10.~~288310~~633238% 0.000000% 0.000000% 0.000000% 10.~~288310~~633238%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2113,~~662~~539.1971

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02267395% 100,000.00 0.~~02393372~~02604946% Fraud 7,683,932.00 1.74225078% 8,820,696.00 2.~~11112102~~29774391% Special Hazard 8,820,696.00 2.00000006% 7,683,932.00 12.~~83905106~~00162299% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~150581~~148169% Weighted Average Net Coupon 5.~~864497~~861591% Weighted Average Pass-Through Rate 5.~~864497~~861591% Weighted Average Maturity(Stepdown Calculation ) ~~356~~355 Beginning Scheduled Collateral Loan Count ~~1,030~~994 Number Of Loans Paid In Full 3667 Ending Scheduled Collateral Loan Count ~~994~~927 Beginning Scheduled Collateral Balance ~~434~~417,~~777~~820,~~545~~480.1875 Ending Scheduled Collateral Balance ~~417~~383,~~820~~885,~~480~~078.7522 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2002 ~~418~~384,~~145~~171,~~821~~704.7780 Monthly P &I Constant 2,~~649~~547,~~124~~677.5207 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~417~~383,~~820~~885,~~480~~078.7522 Scheduled Principal ~~420~~406,~~678~~984.9776 Unscheduled Principal 1633,~~536~~528,~~385~~417.4778

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~385294~~381342 6.~~202820~~198977 6.~~243224~~243268 Weighted Average Net Rate 6.~~069316~~065201 5.~~952820~~948977 5.~~993224~~993268 Pass-Through Rate 6.065201 5.948977 5.993268 Weighted Average Maturity ~~356~~355 ~~356~~ 355 354 Beginning Loan Count ~~292~~283 ~~321~~311 105 Loans Paid In Full 921 1017 0 Ending Loan Count ~~283~~262 ~~311~~294 105 Beginning Scheduled Balance ~~142~~137,~~195~~589,~~681~~970.1220 ~~119~~114,~~523~~919,~~908~~999.0117 41,~~334~~285,~~709~~683.2485 Ending scheduled Balance ~~137~~125,~~589~~801,~~970~~716.2093 ~~114~~106,~~919~~326,~~999~~840.1730 41,~~285~~231,~~683~~277.8549 Record Date 0607/3031/2002 0607/3031/2002 0607/3031/2002 Principal And Interest Constant ~~876~~848,~~245~~378.0034 ~~735~~707,~~576~~802.8043 255,867.22 Scheduled Principal ~~119~~116,~~610~~704.6347 ~~117~~114,~~755~~147.7003 4041,~~815~~069.6722 Unscheduled Principal 411,~~486~~671,~~100~~548.3081 48,~~486~~479,~~153~~011.1484 813,~~209~~337.7214 Scheduled Interest ~~756~~731,~~634~~673.3888 ~~617~~593,~~821~~655.1040 ~~215~~214,~~051~~798.5500 Servicing Fees 3736,~~442~~248.31 24 23,~~900~~941.8166 8,~~611~~601.3920 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 ~~719~~695,~~192~~425.0764 ~~592~~569,~~920~~713.2974 206,~~440~~196.1680 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 ~~FeePass-Through~~Fee ~~Rate~~ 0.00 0.00 0.00 ~~6.069316 5.952820 5.993224~~

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~660222~~658449 5.~~922040~~913533 6.~~150581~~148169 Weighted Average Net Rate 5.~~289614~~287924 5.~~670061~~661378 5.~~864497~~861591 Pass-Through Rate 5.287924 5.661378 5.861591 Weighted Average Maturity ~~356~~ 355 ~~356~~354 355 Beginning Loan Count ~~104~~102 ~~208~~193 ~~1,030~~994 Loans Paid In Full 27 1522 3667 Ending Loan Count ~~102~~95 ~~193~~171 ~~994~~927 Beginning Scheduled Balance 5049,~~967~~971,~~021~~327.7700 8074,~~756~~053,~~225~~500.0453 ~~434~~417,~~777~~820,~~545~~480.1875 Ending scheduled Balance 4946,~~971~~069,~~327~~823.0089 7464,~~053~~455,~~500~~419.5361 ~~417~~383,~~820~~885,~~480~~078.7522 Record Date 0607/3031/2002 0607/3031/2002 0607/3031/2002 Principal And Interest Constant ~~297~~292,~~471~~236.2786 ~~483~~443,~~964~~392.2322 2,~~649~~547,~~124~~677.5207 Scheduled Principal 5756,~~067~~603.3936 8578,~~429~~460.5868 ~~420~~406,~~678~~984.9776 Unscheduled Principal ~~938~~3,~~627~~844,899.3875 69,~~617~~519,~~294~~620.9324 1633,~~536~~528,~~385~~417.4778 Scheduled Interest ~~240~~235,~~403~~633.8850 ~~398~~364,~~534~~931.6554 2,~~228~~140,~~445~~692.5632 Servicing Fees 15,~~740~~429.6670 1615,~~957~~560.3582 ~~103~~99,~~652~~781.5262 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 ~~224~~220,~~663~~203.2280 ~~381~~349,~~577~~370.3072 2,~~124~~040,~~793~~910.0470 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 ~~FeePass-Through~~Fee ~~Rate~~ 0.00 0.00 0.00 ~~5.289614 5.670061 5.864497~~

Miscellaneous Reporting Group Group 1 Senior Percentage Group 1 96.~~962301~~863257% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 3.~~037699~~136743% Group Group 2 Senior Percentage Group 2 96.~~946796~~827607% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 3.~~053204~~172393% Group Group 3 Senior Percentage Group 3 96.~~997615~~997018% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 3.~~002385~~002982%

Miscellaneous Reporting Group Group 4 Senior Percentage Group 4 96.~~966232~~909247% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 3.~~033768~~090753% Group Group 5 Senior Percentage Group 5 96.~~948851~~676205% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 3.~~051149~~323795%

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2002-2