8-K 1 msc02op1.txt OCTOBER 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): October 25, 2002 MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83986-07 52-2365726 Pooling and Servicing Agreement) (Commission 52-2365727 (State or other File Number) 52-7294448 jurisdiction IRS EIN of Incorporation) 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 October 25, 2002 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CAPITAL I INC., Mortgage Pass-Through Certificates, Series 2002-OP1 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-OP1 Trust, relating to the October 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. MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust By: Wells Fargo Bank Minnesota, NA as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/31/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-OP1 Trust, relating to the October 25, 2002 distribution. EX-99.1

Morgan Stanley Capital I Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/02 ~~Distribution Date: 9~~10/25/02 Distribution Date: MSMC Series: 2002-OP1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 61746WTC4 SEN 2.~~13625~~13875% ~~234~~232,~~847~~964,~~000~~842.0060 ~~376~~415,~~268~~211.9328 12,~~882~~008,~~157~~977.4081 A2 61746WSX9 SEN 2.~~11125~~11375% ~~104~~101,~~148~~843,~~000~~081.0083 ~~164~~179,~~911~~392.8534 21,~~304~~096,~~918~~789.1713 M1 61746WSY7 SUB 2.~~56125~~56375% 27,905,000.00 5359,~~603~~617.7687 0.00 M2 61746WSZ4 SUB 3.~~16125~~16375% 21,704,000.00 5157,~~458~~221.8369 0.00 B1 61746WTA8 SUB 3.~~76125~~76375% 15,503,000.00 4348,~~732~~624.9951 0.00 B2 61746WTB6 SUB 4.~~16125~~16375% 4,134,000.00 1214,~~901~~344.9612 0.00 X MSC02OP1X SEN 0.00000% 5,~~168~~167,~~421~~617.0075 2,~~180~~078,~~695~~783.2544 0.00 P MSC02OP1P SEN 0.00000% 0.0001 3064,~~378~~505.5322 0.00 R1 MSC2OP1R1 SEN 0.00000% 0.00 0.00 0.00 R2 MSC2OP1R2 SEN 0.00000% 0.00 0.00 0.00 Totals ~~413,~~409,~~421~~221,542.0019 2,~~913~~917,~~952~~700.1047 43,~~187~~105,~~075~~766.5794

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~232~~230,~~964~~955,~~842~~864.6079 2,~~258~~424,~~426~~189.3309 0.00 A2 0.00 ~~101~~100,~~843~~746,~~081~~292.8370 21,~~469~~276,~~830~~181.0247 0.00 M1 0.00 27,905,000.00 5359,~~603~~617.7687 0.00 M2 0.00 21,704,000.00 5157,~~458~~221.8369 0.00 B1 0.00 15,503,000.00 4348,~~732~~624.9951 0.00 B2 0.00 4,134,000.00 1214,~~901~~344.9612 0.00 X 0.00 5,167,617.75 2,~~180~~078,~~695~~783.2544 0.00 P 0.00 0.01 3064,~~378~~505.5322 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~409~~406,~~221~~115,~~542~~775.1925 76,~~101~~023,~~027~~467.6741 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) A1 234,847,000.00 ~~234~~232,~~847~~964,~~000~~842.0060 0.00 12,~~882~~008,~~157~~977.4081 0.00 0.00 A2 104,148,000.00 ~~104~~101,~~148~~843,~~000~~081.0083 0.00 21,~~304~~096,~~918~~789.1713 0.00 0.00 M1 27,905,000.00 27,905,000.00 0.00 0.00 0.00 0.00 M2 21,704,000.00 21,704,000.00 0.00 0.00 0.00 0.00 B1 15,503,000.00 15,503,000.00 0.00 0.00 0.00 0.00 B2 4,134,000.00 4,134,000.00 0.00 0.00 0.00 0.00 X 5,168,421.00 5,~~168~~167,~~421~~617.0075 0.00 0.00 0.00 0.00 P 0.00 0.0001 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 Totals 413,409,421.00 ~~413,~~409,~~421~~221,542.0019 0.00 43,~~187~~105,~~075~~766.5794 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 A1 12,~~882~~008,~~157~~977.4081 ~~232~~230,~~964~~955,~~842~~864.6079 0.~~99198560~~98343119 12,~~882~~008,~~157~~977.4081 A2 21,~~304~~096,~~918~~789.1713 ~~101~~100,~~843~~746,~~081~~292.8370 0.~~97786882~~96733776 21,~~304~~096,~~918~~789.1713 M1 0.00 27,905,000.00 1.00000000 0.00 M2 0.00 21,704,000.00 1.00000000 0.00 B1 0.00 15,503,000.00 1.00000000 0.00 B2 0.00 4,134,000.00 1.00000000 0.00 X 0.00 5,167,617.75 0.99984459 0.00 P 0.00 0.01 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 43,~~187~~105,~~075~~766.5794 ~~409~~406,~~221~~115,~~542~~775.1925 0.~~98986990~~98235733 43,~~187~~105,~~075~~766.5794

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 234,847,000.00 ~~1000~~991.~~00000000~~98560169 0.00000000 8.~~01439831~~55441121 0.00000000 A2 104,148,000.00 ~~1000~~977.~~00000000~~86881966 0.00000000 2210.~~13118034~~53106281 0.00000000 M1 27,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 21,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 15,503,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 4,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,168,421.00 ~~1000~~999.~~00000000~~84458503 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 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 (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 A1 0.00000000 8.~~01439831~~55441121 ~~991~~983.~~98560169~~43119048 0.~~99198560~~98343119 8.~~01439831~~55441121 A2 0.00000000 2210.~~13118034~~53106281 ~~977~~967.~~86881966~~33775685 0.~~97786882~~96733776 2210.~~13118034~~53106281 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.84458503 0.99984459 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 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 A1 234,847,000.00 2.~~13625~~13875% ~~234~~232,~~847~~964,~~000~~842.0060 ~~376~~415,~~268~~211.9330 0.00 0.00 A2 104,148,000.00 2.~~11125~~11375% ~~104~~101,~~148~~843,~~000~~081.0083 ~~164~~179,~~911~~392.8535 0.00 0.00 M1 27,905,000.00 2.~~56125~~56375% 27,905,000.00 5359,~~603~~617.7687 0.00 0.00 M2 21,704,000.00 3.~~16125~~16375% 21,704,000.00 5157,~~458~~221.8369 0.00 0.00 B1 15,503,000.00 3.~~76125~~76375% 15,503,000.00 4348,~~732~~624.9951 0.00 0.00 B2 4,134,000.00 4.~~16125~~16375% 4,134,000.00 1214,~~901~~344.9612 0.00 0.00 X 5,168,421.00 0.00000% 0.00 ~~2,180,695~~0.2500 0.00 0.00 P 0.00 0.00000% 0.0001 ~~30,378~~0.5300 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 Totals 413,409,421.00 2774,~~913,952~~411.1084 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 A1 0.00 0.00 ~~376~~415,~~268~~211.9328 0.00 ~~232~~230,~~964~~955,~~842~~864.6079 A2 0.00 0.00 ~~164~~179,~~911~~392.8534 0.00 ~~101~~100,~~843~~746,~~081~~292.8370 M1 0.00 0.00 5359,~~603~~617.7687 0.00 27,905,000.00 M2 0.00 0.00 5157,~~458~~221.8369 0.00 21,704,000.00 B1 0.00 0.00 4348,~~732~~624.9951 0.00 15,503,000.00 B2 0.00 0.00 1214,~~901~~344.9612 0.00 4,134,000.00 X 0.00 0.00 2,~~180~~078,~~695~~783.2544 0.00 0.00 P 0.00 0.00 3064,~~378~~505.5322 0.00 0.01 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~913~~917,~~952~~700.1047 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 A1 234,847,000.00 2.~~13625~~13875% ~~1000~~991.~~00000000~~98560169 1.~~60218751~~76800768 0.00000000 0.00000000 A2 104,148,000.00 2.~~11125~~11375% ~~1000~~977.~~00000000~~86881966 1.~~58343751~~72247523 0.00000000 0.00000000 M1 27,905,000.00 2.~~56125~~56375% 1000.00000000 12.~~92093747~~13645834 0.00000000 0.00000000 M2 21,704,000.00 3.~~16125~~16375% 1000.00000000 2.~~37093762~~63645826 0.00000000 0.00000000 B1 15,503,000.00 3.~~76125~~76375% 1000.00000000 23.~~82093724~~13645810 0.00000000 0.00000000 B2 4,134,000.00 4.~~16125~~16375% 1000.00000000 3.~~12093856~~46979197 0.00000000 0.00000000 X 5,168,421.00 0.00000% 0.00000000 ~~421~~0.~~92678383~~00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 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 (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 A1 0.00000000 0.00000000 1.~~60218751~~76800760 0.00000000 ~~991~~983.~~98560169~~43119048 A2 0.00000000 0.00000000 1.~~58343751~~72247513 0.00000000 ~~977~~967.~~86881966~~33775685 M1 0.00000000 0.00000000 12.~~92093747~~13645834 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~37093762~~63645826 0.00000000 1000.00000000 B1 0.00000000 0.00000000 23.~~82093724~~13645810 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~12093856~~46979197 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~421~~402.~~92678383~~20861265 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 76,~~244~~131,~~625~~176.5926 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 3064,~~378~~505.5322 Total Deposits 76,~~275~~195,~~004~~681.1248 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~173~~172,~~976~~214.4507 Payment of Interest and Principal 76,~~101~~023,~~027~~467.6741 Total Withdrawals (Pool Distribution Amount) 76,~~275~~195,~~004~~681.1248 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~172~~170,~~253~~509.9300 Trustee Fee Wells Fargo Bank, N.A. 1,~~722~~705.5207 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~173~~172,~~976~~214.4507

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 03 0 0 03 0402,621.0005 0.00 0.00 0402,621.0005 30 Days 029 01 0 0 030 04,312,884.0025 0169,511.0089 0.00 0.00 04,482,396.0014 60 Days 05 0 016 0 021 01,523,284.0046 0.00 01,855,830.0091 0.00 03,379,115.0037 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 034 04 016 0 054 05,836,168.0071 0572,132.0094 01,855,830.0091 0.00 08,264,132.0056 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~~105746% 0.000000% 0.000000% 0.~~000000~~105746% 0.~~000000~~099139% 0.000000% 0.000000% 0.~~000000~~099139% 30 Days 01.~~000000~~022207% 0.~~000000~~035249% 0.000000% 0.000000% 01.~~000000~~057455% 01.~~000000~~061984% 0.~~000000~~041740% 0.000000% 0.000000% 01.~~000000~~103724% 60 Days 0.~~000000~~176243% 0.000000% 0.~~000000~~563976% 0.000000% 0.~~000000~~740219% 0.~~000000~~375086% 0.000000% 0.~~000000~~456971% 0.000000% 0.~~000000~~832057% 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~~198449% 0.~~000000~~140994% 0.~~000000~~563976% 0.000000% 01.~~000000~~903419% 01.~~000000~~437070% 0.~~000000~~140879% 0.~~000000~~456971% 0.000000% 02.~~000000~~034920%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Arm Loans 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 2 Fixed Loan 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 3 Arm Loans 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 Fixed Loan 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%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~872793~~871701% Weighted Average Net Coupon 8.~~372794~~371701% Weighted Average Pass-Through Rate 8.~~367793~~366701% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count 2,~~876~~856 Number Of Loans Paid In Full 2019 Ending Scheduled Collateral Loan Count 2,~~856~~837 Beginning Scheduled Collateral Balance ~~413,~~409,~~421~~221,542.0019 Ending Scheduled Collateral Balance ~~409~~406,~~221~~115,~~542~~775.1925 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2002 ~~409~~406,~~221~~115,~~542~~775.1925 Monthly P &I Constant 43,~~752~~318,~~646~~700.0399 Special Servicing Fee 0.00 Prepayment Penalties 3064,~~378~~505.5322 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~409~~406,~~221~~115,~~542~~775.1925 Scheduled Principal 1293,~~695,898~~291.9163 Unscheduled Principal 2,~~491~~812,~~979~~475.5631 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~802~~0.9000 Specified O/C Amount 5,167,617.76 Overcollateralized Amount 5,167,617.76 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

Group Level Collateral Statement Group Group 1 Arm Loans Group 2 Fixed Loan Group 3 Arm Loans Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 9.~~016789~~002581 8.~~873815~~863550 8.~~531190~~564400 Weighted Average Net Rate 8.~~516789~~502581 8.~~373815~~363550 8.~~031191~~064400 Weighted Average Maturity ~~349~~348 ~~349~~348 ~~349~~348 Beginning Loan Count 1,~~759~~748 ~~555~~553 ~~368~~362 Loans Paid In Full 11 25 60 Ending Loan Count 1,~~748~~737 ~~553~~548 362 Beginning Scheduled Balance ~~229~~228,~~724~~020,~~403~~551.6358 56,~~675~~496,~~110~~444.9972 9189,~~548~~307,~~022~~850.1256 Ending scheduled Balance ~~228~~226,~~020~~433,~~551~~676.5800 56,~~496~~074,~~444~~342.7249 89,~~307~~247,~~850~~454.5630 Record Date 0809/3130/2002 0809/3130/2002 0809/3130/2002 Principal And Interest Constant 21,~~652~~860,~~115~~203.7313 ~~568~~471,~~401~~926.9404 1697,~~241,593~~786.8742 Scheduled Principal ~~925~~149,~~968~~558.6659 ~~149~~54,~~298~~626.2581 ~~590~~60,~~749~~396.1926 Unscheduled Principal ~~777~~1,~~883~~437,316.3999 29367,~~368~~475.0242 ~~1,649,422~~0.3700 Scheduled Interest 1,~~726~~710,~~147~~644.0754 ~~419~~417,~~103~~299.6923 ~~650~~637,~~844~~390.6816 Servicing Fees 95,~~718~~008.5156 23,~~614~~540.6320 3837,~~145~~211.0061 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~957~~950.1608 ~~236~~235.1541 ~~381~~372.4610 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 1,~~629~~614,~~471~~685.4090 ~~395~~393,~~252~~523.9162 ~~612~~599,~~318~~806.2245 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 3064,~~378~~505.5322 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~511789~~497581 8.~~368815~~358550 8.~~026190~~059400

Group Level Collateral Statement Group Group 4 Fixed Loan Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~820231~~816939 8.~~872793~~871701 Weighted Average Net Rate 8.~~320231~~316939 8.~~372794~~371701 Weighted Average Maturity ~~349~~348 ~~349~~348 Beginning Loan Count ~~194~~193 2,~~876~~856 Loans Paid In Full 13 2019 Ending Loan Count ~~193~~190 2,~~856~~837 Beginning Scheduled Balance 35,~~461~~396,~~883~~695.9233 ~~413,~~409,~~420~~221,542.6619 Ending scheduled Balance 3534,~~396~~360,~~695~~302.3346 ~~409~~406,~~221~~115,~~542~~775.1925 Record Date 0809/3130/2002 0809/3130/2002 Principal And Interest Constant ~~290~~288,~~534~~785.4940 43,~~752~~318,~~646~~700.0399 Scheduled Principal 2928,~~882~~709.8197 1293,~~695,898~~291.9163 Unscheduled Principal 351,~~305~~007,682.7890 2,~~491~~812,~~979~~475.5631 Scheduled Interest 260,~~651~~075.6843 3,~~056~~025,~~747~~409.1236 Servicing Fees 14,~~775~~748.7963 ~~172~~170,~~253~~509.9300 Master Servicing Fees 0.00 0.00 Trustee Fee 147.7548 1,~~722~~705.5207 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 245,~~728~~179.1432 2,~~882~~853,~~770~~195.6729 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 3064,~~378~~505.5322 Special Servicing Fee 0.00 0.00 Pass-Through Rate 8.~~315231~~311939 8.~~367793~~366701

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-OP1