8-K 1 frb02fr1.txt NOVEMBER 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): November 15, 2002 FIRST REPUBLIC MORTGAE LOAN TRUST Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-50248-02 52-2365731 Pooling and Servicing Agreement) (Commission 52-2365732 (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 November 15, 2002 a distribution was made to holders of FIRST REPUBLIC Mortgage Loan Trust, Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 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 Loan Pass- Through Certificates, Series 2002-FRB1 Trust, relating to the November 15, 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. FIRST REPUBLIC MORTGAGE LOAN TRUST Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 Trust By: Wells Fargo Bank Minnesota, NA, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 11/22/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Pass-Through Certificates, Series 2002-FRB1 Trust, relating to the November 15, 2002 distribution. EX-99.1

First Republic ~~Bank~~ Mortgage loan Trust Mortgage Loan Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/15/02 Distribution Date: FRB Series: 2002-~~FR1~~FRB1 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 336161BJ2 SEN 2.~~12313~~10000% 389,~~884~~285,~~711~~481.1213 ~~666~~703,~~819~~957.5091 ~~599~~408,~~229~~567.9943 A-R 336161BL7 SEN 32.~~00718~~93422% 0.00 0.00 0.00 B-1 336161BM5 SUB 2.~~62218~~64046% 8,152,000.00 17,~~813~~937.3353 0.00 B-2 336161BN3 SUB 3.~~00718~~02546% 1,630,000.00 4,~~084~~109.7558 0.00 B-3 336161BP8 SUB 3.~~00718~~02546% 2,445,000.00 6,~~127~~164.1238 0.00 B-4 336161BQ6 SUB 3.~~00718~~02546% 1,630,000.00 4,~~084~~109.7558 0.00 B-5 336161BR4 SUB 3.~~00718~~02546% 1,222,000.00 3,~~062~~080.3193 0.00 B-6 336161BS2 SUB 3.~~00718~~02546% 1,226,937.13 3,~~074~~093.6838 0.00 X 336161BK9 SEN 0.~~94315~~84581% 0.00 ~~312~~280,~~839~~130.8195 0.00 Totals ~~406~~405,~~190~~591,~~648~~418.2526 1,~~017~~022,~~906~~584.2524 ~~599~~408,~~229~~567.9943

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~389~~388,~~285~~876,~~481~~913.1370 1,~~266~~112,~~049~~525.4934 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 8,152,000.00 17,~~813~~937.3353 0.00 B-2 0.00 1,630,000.00 4,~~084~~109.7558 0.00 B-3 0.00 2,445,000.00 6,~~127~~164.1238 0.00 B-4 0.00 1,630,000.00 4,~~084~~109.7558 0.00 B-5 0.00 1,222,000.00 3,~~062~~080.3193 0.00 B-6 0.00 1,226,937.13 3,~~074~~093.6838 0.00 X 0.00 0.00 ~~312~~280,~~839~~130.8195 0.00 Totals 0.00 405,~~591~~182,~~418~~850.2683 1,~~617~~431,~~136~~151.2467 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 391,335,000.00 389,~~884~~285,~~711~~481.1213 37,~~787~~773.2657 ~~561~~370,~~442~~793.7386 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 8,152,000.00 8,152,000.00 0.00 0.00 0.00 0.00 B-2 1,630,000.00 1,630,000.00 0.00 0.00 0.00 0.00 B-3 2,445,000.00 2,445,000.00 0.00 0.00 0.00 0.00 B-4 1,630,000.00 1,630,000.00 0.00 0.00 0.00 0.00 B-5 1,222,000.00 1,222,000.00 0.00 0.00 0.00 0.00 B-6 1,226,937.13 1,226,937.13 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 407,641,037.13 ~~406~~405,~~190~~591,~~648~~418.2526 37,~~787~~773.2657 ~~561~~370,~~442~~793.7386 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 ~~599~~408,~~229~~567.9943 ~~389~~388,~~285~~876,~~481~~913.1370 0.~~99476275~~99371872 ~~599~~408,~~229~~567.9943 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 8,152,000.00 1.00000000 0.00 B-2 0.00 1,630,000.00 1.00000000 0.00 B-3 0.00 2,445,000.00 1.00000000 0.00 B-4 0.00 1,630,000.00 1.00000000 0.00 B-5 0.00 1,222,000.00 1.00000000 0.00 B-6 0.00 1,226,937.13 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 Totals ~~599~~408,~~229~~567.9943 405,~~591~~182,~~418~~850.2683 0.~~99497200~~99396973 ~~599~~408,~~229~~567.9943

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 391,335,000.00 ~~996~~994.~~29399650~~76275092 0.~~09655988~~09652490 10.~~43468570~~94751009 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,152,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,630,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,445,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,630,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,222,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,226,937.13 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) 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 0.00000000 1.~~53124558~~04403498 ~~994~~993.~~76275092~~71871593 0.~~99476275~~99371872 1.~~53124558~~04403498 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 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 A 391,335,000.00 2.~~12313~~10000% 389,~~884~~285,~~711~~481.1213 ~~666~~703,~~819~~957.5091 0.00 0.00 A-R 100.00 32.~~00718~~93422% 0.00 0.00 0.00 0.00 B-1 8,152,000.00 2.~~62218~~64046% 8,152,000.00 17,~~813~~937.3353 0.00 0.00 B-2 1,630,000.00 3.~~00718~~02546% 1,630,000.00 4,~~084~~109.7558 0.00 0.00 B-3 2,445,000.00 3.~~00718~~02546% 2,445,000.00 6,~~127~~164.1238 0.00 0.00 B-4 1,630,000.00 3.~~00718~~02546% 1,630,000.00 4,~~084~~109.7558 0.00 0.00 B-5 1,222,000.00 3.~~00718~~02546% 1,222,000.00 3,~~062~~080.3193 0.00 0.00 B-6 1,226,937.13 3.~~00718~~02546% 1,226,937.13 3,~~074~~093.6838 0.00 0.00 X 0.00 0.~~94315~~84581% ~~398~~397,~~036~~437,~~711~~481.1213 ~~312~~280,~~839~~130.8195 0.00 0.00 Totals 407,641,037.13 1,~~017~~022,~~906~~584.2524 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 ~~666~~703,~~819~~957.5091 0.00 ~~389~~388,~~285~~876,~~481~~913.1370 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 17,~~813~~937.3353 0.00 8,152,000.00 B-2 0.00 0.00 4,~~084~~109.7558 0.00 1,630,000.00 B-3 0.00 0.00 6,~~127~~164.1238 0.00 2,445,000.00 B-4 0.00 0.00 4,~~084~~109.7558 0.00 1,630,000.00 B-5 0.00 0.00 3,~~062~~080.3193 0.00 1,222,000.00 B-6 0.00 0.00 3,~~074~~093.6838 0.00 1,226,937.13 X 0.00 0.00 ~~312~~280,~~839~~130.8195 0.00 397,~~437~~028,~~481~~913.1370 Totals 0.00 0.00 1,~~017~~022,~~906~~584.2524 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 391,335,000.00 2.~~12313~~10000% ~~996~~994.~~29399650~~76275092 1.~~70396080~~79886264 0.00000000 0.00000000 A-R 100.00 32.~~00718~~93422% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,152,000.00 2.~~62218~~64046% 1000.00000000 2.~~18514843~~20038395 0.00000000 0.00000000 B-2 1,630,000.00 3.~~00718~~02546% 1000.00000000 2.~~50598160~~52121472 0.00000000 0.00000000 B-3 2,445,000.00 3.~~00718~~02546% 1000.00000000 2.~~50597955~~52121881 0.00000000 0.00000000 B-4 1,630,000.00 3.~~00718~~02546% 1000.00000000 2.~~50598160~~52121472 0.00000000 0.00000000 B-5 1,222,000.00 3.~~00718~~02546% 1000.00000000 2.~~50598200~~52121931 0.00000000 0.00000000 B-6 1,226,937.13 3.~~00718~~02546% 1000.00000000 2.~~50598007~~52122128 0.00000000 0.00000000 X 0.00 0.~~94315~~84581% ~~996~~994.~~36962184~~86962312 0.~~78310386~~70122670 0.00000000 0.00000000 (5) 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 0.00000000 0.00000000 1.~~70396080~~79886264 0.00000000 ~~994~~993.~~76275092~~71871593 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.~~18514843~~20038395 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~50598160~~52121472 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~50597955~~52121881 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~50598160~~52121472 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~50598200~~52121931 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~50598007~~52122128 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.~~78310386~~70122670 0.00000000 ~~994~~993.~~86962312~~84689289 (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 1,~~720~~534,~~376~~239.3548 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 0.00 Total Deposits 1,~~720~~534,~~376~~239.3548 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 103,~~240~~087.1181 Payment of Interest and Principal 1,~~617~~431,~~136~~151.2467 Total Withdrawals (Pool Distribution Amount) 1,~~720~~534,~~376~~239.3548 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 101,~~547~~397.6684 Special Servicing Fee 0.00 Trustee Fee 1,~~692~~689.4597 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 103,~~240~~087.1181

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 111 0 0 0 111 11600,~~588,238~~000.9100 0.00 0.00 0.00 11600,~~588,238~~000.9100 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 111 0 0 0 111 11600,~~588,238~~000.9100 0.00 0.00 0.00 11600,~~588,238~~000.9100 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 20.~~558140~~232558% 0.000000% 0.000000% 0.000000% 20.~~558140~~232558% 20.~~857121~~148081% 0.000000% 0.000000% 0.000000% 20.~~857121~~148081% 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.~~558140~~232558% 0.000000% 0.000000% 0.000000% 20.~~558140~~232558% 20.~~857121~~148081% 0.000000% 0.000000% 0.000000% 20.~~857121~~148081%

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02453139% 100,000.00 0.~~02465535~~02468022% Fraud 8,152,821.00 2.00000006% 8,152,821.00 2.~~01010688~~01213378% Special Hazard 12,229,231.00 2.99999997% 12,229,231.00 3.~~01516020~~01820054% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~312178~~330461% Weighted Average Net Coupon 3.~~012178~~030461% Weighted Average Pass-Through Rate 3.~~007178~~025461% Weighted Average Maturity(Stepdown Calculation ) ~~357~~356 Beginning Scheduled Collateral Loan Count ~~431~~430 Number Of Loans Paid In Full 10 Ending Scheduled Collateral Loan Count 430 Beginning Scheduled Collateral Balance ~~406~~405,~~190~~591,~~648~~418.2526 Ending Scheduled Collateral Balance 405,~~591~~182,~~418~~850.2683 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 405,~~591~~182,~~418~~850.2683 Monthly P &I Constant 1,~~158~~163,~~933~~445.6362 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 405,~~591~~182,~~418~~850.2683 Scheduled Principal 37,~~787~~773.2657 Unscheduled Principal ~~561~~370,~~442~~793.7386

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