8-K 1 opt02004.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2002 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-03 Pooling and Servicing Agreement) (Commission 52-2365710 (State or other File Number) 52-2365711 jurisdiction IRS EIN 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 September 25, 2002 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2002-4 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 Asset-Backed Certificates, Series 2002-4 Trust, relating to the September 25, 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2002-4 Trust By: Wells Fargo Bank, N. A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/25/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2002-4 Trust, relating to the September 25, 2002 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 OOMC Series: 2002-4 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 68389FCM4 SEN 2.~~09688~~07000% ~~271~~268,~~415~~814,~~914~~728.9661 ~~505~~463,~~890~~705.3141 2,~~601~~881,~~186~~471.3553 M1 68389FCN2 MEZ 2.~~43688~~41000% 18,938,000.00 4138,~~021~~033.9082 0.00 M2 68389FCP7 MEZ 2.~~96688~~94000% 18,114,000.00 4744,~~770~~379.7230 0.00 M3 68389FCQ5 MEZ 3.~~63688~~61000% 16,138,000.00 5248,~~170~~548.6448 0.00 C OPT02004C JUN 0.00000% 2,799,888.00 1,~~559~~593,~~006~~567.2324 0.00 R1 OPT0204R1 JUN 0.00000% 0.00 0.00 0.00 R2 OPT0204R2 JUN 0.00000% 0.00 0.00 0.00 P OPT02004P JUN 0.00000% 100.00 5375,~~838~~035.8130 0.00 Totals ~~327~~324,~~405~~804,~~902~~716.9661 2,~~259~~263,~~698~~269.6155 2,~~601~~881,~~186~~471.3553

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~268~~265,~~814~~933,~~728~~257.6108 3,~~107~~345,~~076~~176.6694 0.00 M1 0.00 18,938,000.00 4138,~~021~~033.9082 0.00 M2 0.00 18,114,000.00 4744,~~770~~379.7230 0.00 M3 0.00 16,138,000.00 5248,~~170~~548.6448 0.00 C 0.00 2,799,888.00 1,~~559~~593,~~006~~567.2324 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 P 0.00 100.00 5375,~~838~~035.8130 0.00 Totals 0.00 ~~324~~321,~~804~~923,~~716~~245.6108 45,~~860~~144,~~884~~741.9608 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 273,355,000.00 ~~271~~268,~~415~~814,~~914~~728.9661 0.00 2,~~601~~881,~~186~~471.3553 0.00 0.00 M1 18,938,000.00 18,938,000.00 0.00 0.00 0.00 0.00 M2 18,114,000.00 18,114,000.00 0.00 0.00 0.00 0.00 M3 16,138,000.00 16,138,000.00 0.00 0.00 0.00 0.00 C 2,799,888.31 2,799,888.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~327~~324,~~405~~804,~~902~~716.9661 0.00 2,~~601~~881,~~186~~471.3553 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 2,~~601~~881,~~186~~471.3553 ~~268~~265,~~814~~933,~~728~~257.6108 0.~~98339057~~97284943 2,~~601~~881,~~186~~471.3553 M1 0.00 18,938,000.00 1.00000000 0.00 M2 0.00 18,114,000.00 1.00000000 0.00 M3 0.00 16,138,000.00 1.00000000 0.00 C 0.00 2,799,888.00 0.99999989 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2,~~601~~881,~~186~~471.3553 ~~324~~321,~~804~~923,~~716~~245.6108 0.~~98621424~~97746514 2,~~601~~881,~~186~~471.3553

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 273,355,000.00 ~~992~~983.~~90634874~~39056761 0.00000000 910.~~51578113~~54113343 0.00000000 M1 18,938,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 18,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 16,138,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 2,799,888.31 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 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 0.00000000 910.~~51578113~~54113343 ~~983~~972.~~39056761~~84943418 0.~~98339057~~97284943 910.~~51578113~~54113343 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.99988928 0.99999989 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 273,355,000.00 2.~~09688~~07000% ~~271~~268,~~415~~814,~~914~~728.9661 ~~505~~463,~~890~~705.3141 0.00 0.00 M1 18,938,000.00 2.~~43688~~41000% 18,938,000.00 4138,~~021~~033.9082 0.00 0.00 M2 18,114,000.00 2.~~96688~~94000% 18,114,000.00 4744,~~770~~379.7230 0.00 0.00 M3 16,138,000.00 3.~~63688~~61000% 16,138,000.00 5248,~~170~~548.6448 0.00 0.00 C 2,799,888.31 0.00000% 2,799,888.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 329,344,988.31 ~~646~~594,~~853~~667.5701 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 0.00 0.00 ~~505~~463,~~890~~705.3141 0.00 ~~268~~265,~~814~~933,~~728~~257.6108 M1 0.00 0.00 4138,~~021~~033.9082 0.00 18,938,000.00 M2 0.00 0.00 4744,~~770~~379.7230 0.00 18,114,000.00 M3 0.00 0.00 5248,~~170~~548.6448 0.00 16,138,000.00 C 0.00 0.00 1,~~559~~593,~~006~~567.2324 0.00 2,799,888.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 5375,~~838~~035.8130 0.00 100.00 Totals 0.00 0.00 2,~~259~~263,~~698~~269.6155 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 273,355,000.00 2.~~09688~~07000% ~~992~~983.~~90634874~~39056761 1.~~85067151~~69634874 0.00000000 0.00000000 M1 18,938,000.00 2.~~43688~~41000% 1000.00000000 2.~~16611575~~00833351 0.00000000 0.00000000 M2 18,114,000.00 2.~~96688~~94000% 1000.00000000 2.~~63722645~~45000000 0.00000000 0.00000000 M3 16,138,000.00 3.~~63688~~61000% 1000.00000000 3.~~23278225~~00833313 0.00000000 0.00000000 C 2,799,888.31 0.00000% 999.99988928 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 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 0.00000000 0.00000000 1.~~85067151~~69634874 0.00000000 ~~983~~972.~~39056761~~84943418 M1 0.00000000 0.00000000 2.~~16611575~~00833351 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~63722645~~45000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~23278225~~00833313 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~556~~569.~~81015004~~15386028 0.00000000 999.99988928 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~538388~~50353.~~10000000~~00000000 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 45,~~945~~207,~~783~~340.2966 Liquidations, Insurance Proceeds, Reserve Funds 1.1210 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 5375,~~838~~035.8130 Total Deposits 45,~~999~~282,~~623~~377.2206 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~138~~137,~~738~~635.2698 Payment of Interest and Principal 45,~~860~~144,~~884~~741.9608 Total Withdrawals (Pool Distribution Amount) 45,~~999~~282,~~623~~377.2206 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~136~~135,~~419~~335.1332 Wells Fargo 2,~~319~~300.1366 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~138~~137,~~738~~635.2698

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 1.1210 1.1210 1,000.00

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 34 0 0 34 ~~327~~425,~~249~~015.6615 0.00 0.00 ~~327~~425,~~249~~015.6615 30 Days 3022 0 0 0 3022 32,~~202~~110,~~797~~620.9201 0.00 0.00 0.00 32,~~202~~110,~~797~~620.9201 60 Days 06 0 712 0 718 0663,872.0051 0.00 ~~897~~1,~~993~~098,887.0567 0.00 ~~897~~1,~~993~~762,760.0518 90 Days 0 0 05 0 05 0.00 0.00 0706,927.0010 0.00 0706,927.0010 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 3028 34 717 0 4049 32,~~202~~774,~~797~~492.9252 ~~327~~425,~~249~~015.6615 ~~897~~1,~~993~~805,814.0577 0.00 45,~~428~~005,~~040~~322.6344 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.~~142653~~191479% 0.000000% 0.000000% 0.~~142653~~191479% 0.~~100736~~131989% 0.000000% 0.000000% 0.~~100736~~131989% 30 Days 1.~~426534~~053135% 0.000000% 0.000000% 0.000000% 1.~~426534~~053135% 0.~~985901~~655454% 0.000000% 0.000000% 0.000000% 0.~~985901~~655454% 60 Days 0.~~000000~~287219% 0.000000% 0.~~332858~~574438% 0.000000% 0.~~332858~~861656% 0.~~000000~~206166% 0.000000% 0.~~276425~~341260% 0.000000% 0.~~276425~~547426% 90 Days 0.000000% 0.000000% 0.~~000000~~239349% 0.000000% 0.~~000000~~239349% 0.000000% 0.000000% 0.~~000000~~219536% 0.000000% 0.~~000000~~219536% 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 1.~~426534~~340354% 0.~~142653~~191479% 0.~~332858~~813787% 0.000000% 12.~~902045~~345620% 0.~~985901~~861619% 0.~~100736~~131989% 0.~~276425~~560796% 0.000000% 1.~~363062~~554404%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 66119,~~466~~045.2031

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~593358~~592987% Weighted Average Net Coupon 8.~~093358~~092988% Weighted Average Pass-Through Rate 8.~~084858~~084487% Weighted Average Maturity(Stepdown Calculation ) ~~346~~345 Beginning Scheduled Collateral Loan Count 2,~~116~~103 Number Of Loans Paid In Full 1314 Ending Scheduled Collateral Loan Count 2,~~103~~089 Beginning Scheduled Collateral Balance ~~327~~324,~~405~~804,~~902~~716.9661 Ending Scheduled Collateral Balance ~~324~~321,~~804~~923,~~716~~245.6108 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~324~~322,~~859~~009,~~914~~094.7922 Monthly P &I Constant 2,~~571~~552,~~509~~955.0053 Special Servicing Fee 0.00 Prepayment Penalties 5375,~~838~~035.8130 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~324~~321,~~804~~923,~~716~~245.6108 Scheduled Principal ~~226~~227,~~912~~086.1652 Unscheduled Principal 2,~~374~~654,~~274~~385.1901

Credit Enhancement Percentage 17.~~1010625660~~2380157820% Net WAC Rate Carryover Amount 0.00 Trigger Event Not Triggered In Effect Since N/A Comments N/A Step Down Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 2,~~374~~654,~~274~~385.1901 Unscheduled Principal - Involuntary 0.00

Miscellaneous Reporting General Excess Available Amt 1,~~559~~593,~~006~~567.2324 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 2,799,888.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Target Overcollateralization Amt 2,799,888.00

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~166025~~168254 8.~~800517~~798633 8.~~593358~~592987 Weighted Average Net Rate 7.~~666025~~668255 8.~~300516~~298633 8.~~093358~~092988 ~~Pass-Through Rate 7.657526 8.292016 8.084858~~ Weighted Average Maturity ~~340~~339 ~~347~~ 346 345 Beginning Loan Count ~~502~~498 1,~~614~~605 2,~~116~~103 Loans Paid In Full 47 97 1314 Ending Loan Count ~~498~~491 1,~~605~~598 2,~~103~~089 Beginning Scheduled Balance ~~106~~105,~~896~~959,~~421~~619.2326 ~~220~~218,~~509~~845,~~481~~097.7335 ~~327~~324,~~405~~804,~~902~~716.9661 Ending scheduled Balance ~~105~~104,~~959~~235,~~619~~795.2602 ~~218~~217,~~845~~687,~~097~~450.3506 ~~324~~321,~~804~~923,~~716~~245.6108 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant ~~821~~814,~~394~~955.6300 1,~~750~~738,~~114~~000.3753 2,~~571~~552,~~509~~955.0053 Scheduled Principal 93,~~962~~700.2472 ~~132~~133,~~949~~385.9280 ~~226~~227,~~912~~086.1652 Unscheduled Principal ~~842~~1,~~839~~630,123.7352 1,~~531~~024,~~434~~261.4649 2,~~374~~654,~~274~~385.1901 Scheduled Interest ~~727~~721,~~432~~254.3928 1,~~617~~604,~~164~~614.4573 2,~~344~~325,~~596~~869.8401 Servicing Fees 44,~~540~~149.1887 91,~~878~~185.9545 ~~136~~135,~~419~~335.1332 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~757~~750.1852 1,~~561~~550.9514 2,~~319~~300.1366 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 ~~682~~677,~~892~~104.2051 1,~~525~~513,~~285~~429.4133 2,~~208~~190,~~177~~533.6184 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 7.659754 8.290133 8.084487

Filing Compare · OPTION ONE MORTGAGE ACCEPT CORP ASSET BACKED CER SER 2002-4