8-K 1 sac02007.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 25, 2002 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-04 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 November 25, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-7 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 2002-7 Trust, relating to the November 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. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/6/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the November 25, 2002 distribution. EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: ~~9/30/02~~ 10/2531/02 Distribution Date: 11/25/02 SASC Series: 2002-7 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 A1 86358RF93 SEN 6.50000% 8578,~~251~~617,~~061~~649.4435 ~~461~~425,~~776~~845.5860 69,~~633~~548,~~412~~329.0961 A2 86358RG27 SEN 6.50000% 5853,~~193~~783,~~980~~671.2265 ~~315~~291,~~217~~328.3922 46,~~410~~348,~~308~~328.5763 A3 86358RG35 SEN 6.10000% 2624,~~362~~727,~~892~~084.4738 ~~134~~125,~~011~~696.3701 12,~~635~~354,~~808~~630.0956 A4 86358RJ32 SEN 2.~~46375~~48000% 54,~~272~~945,~~578~~416.4988 10,~~825~~220.2653 ~~327~~470,~~161~~926.6211 A5 86358RG43 SEN 6.50000% 30,289,000.00 164,065.42 0.00 A6 86358RG50 SEN 6.50000% 24,000,000.00 130,000.00 0.00 A7 86358RG68 SEN 6.50000% 29,340,000.00 158,925.00 0.00 A8 86358RG76 SEN 6.50000% 560,000.00 3,033.33 0.00 A9 86358RG84 SEN 6.~~03625~~02000% 0.00 2624,~~522~~809.1751 0.00 AP 86358RH26 PO 0.00000% 1,~~208~~206,~~282~~992.7928 0.00 122,~~290~~440.5155 AX 86358RH34 IO 6.50000% 0.00 3531,~~078~~708.0210 0.00 B1 86358RH42 SUB 6.50000% 5,~~224~~219,~~703~~945.5350 28,~~300~~274.4870 4,~~758~~804.0390 B2 86358RH59 SUB 6.50000% 1,~~940~~938,~~348~~581.1713 10,~~510~~500.2265 1,~~767~~784.0444 B3 86358RH67 SUB 6.50000% 1,~~492~~490,~~345~~986.7772 8,~~083~~076.5418 1,~~359~~372.0544 B4 86358RH83 SUB 6.50000% ~~596~~595,~~340~~797.9790 3,~~230~~227.1824 ~~543~~548.0843 B5 86358RH91 SUB 6.50000% ~~596~~595,~~340~~797.9790 3,~~230~~227.1824 ~~543~~548.0843 B6 86358RJ24 SUB 6.50000% ~~601~~600,~~349~~802.7208 3,~~257~~254.3134 ~~547~~553.6403 E SAC02007E SEN 0.00000% 0.00 0.00 0.00 P SAC02007P SEN 0.00000% 0.00 ~~10,391~~0.9900 0.00 PAX 86358RG92 IO 6.50000% 0.00 17,~~081~~068.0641 0.00 R 86358RH75 SEN 6.50000% 0.00 0.0817 0.00 Totals ~~270~~257,~~929~~911,~~224~~725.5477 1,~~523~~439,~~539~~260.5865 1318,~~017~~754,~~498~~267.8013

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 7869,~~617~~069,~~649~~319.3574 79,~~095~~974,~~188~~175.6721 0.00 A2 0.00 5347,~~783~~435,~~671~~343.6502 46,~~725~~639,~~525~~656.9685 0.00 A3 0.00 2422,~~727~~372,~~084~~453.3882 12,~~769~~480,~~819~~326.4657 0.00 A4 0.00 4,~~945~~474,~~416~~490.8876 ~~337~~481,~~986~~146.8864 0.00 A5 0.00 30,289,000.00 164,065.42 0.00 A6 0.00 24,000,000.00 130,000.00 0.00 A7 0.00 29,340,000.00 158,925.00 0.00 A8 0.00 560,000.00 3,033.33 0.00 A9 0.00 0.00 2624,~~522~~809.1751 0.00 AP 0.00 1,~~206~~184,~~992~~551.2873 122,~~290~~440.5155 0.00 AX 0.00 0.00 3531,~~078~~708.0210 0.00 B1 0.00 5,~~219~~215,~~945~~140.5060 33,~~058~~079.5160 0.00 B2 0.00 1,~~938~~936,~~581~~796.1369 12,~~277~~285.2609 0.00 B3 0.00 1,~~490~~489,~~986~~614.7228 9,~~442~~448.5962 0.00 B4 0.00 595,~~797~~249.9047 3,~~773~~775.2667 0.00 B5 0.00 595,~~797~~249.9047 3,~~773~~775.2667 0.00 B6 0.00 600,~~802~~249.0805 3,~~804~~807.9537 0.00 E 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~10,391~~0.9900 0.00 PAX 0.00 0.00 17,~~081~~068.0641 0.00 R 0.00 0.00 0.0817 0.00 Totals 0.00 ~~257~~239,~~911~~157,~~725~~458.7763 1420,~~541~~193,~~038~~527.3878 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 100,000,000.00 8578,~~251~~617,~~061~~649.4435 ~~120~~115,~~416~~607.9495 69,~~512~~432,~~995~~721.1565 0.00 0.00 A2 68,000,000.00 5853,~~193~~783,~~980~~671.2265 8076,~~060~~863.7442 46,~~330~~271,~~247~~465.8421 0.00 0.00 A3 30,000,000.00 2624,~~362~~727,~~892~~084.4738 2928,~~694~~509.9707 12,~~606~~326,~~113~~121.1249 0.00 0.00 A4 6,000,000.00 54,~~272~~945,~~578~~416.4988 5,~~938~~701.9981 ~~321~~465,~~222~~224.6230 0.00 0.00 A5 30,289,000.00 30,289,000.00 0.00 0.00 0.00 0.00 A6 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 A7 29,340,000.00 29,340,000.00 0.00 0.00 0.00 0.00 A8 560,000.00 560,000.00 0.00 0.00 0.00 0.00 A9 0.00 0.00 0.00 0.00 0.00 0.00 AP 1,255,114.00 1,~~208~~206,~~282~~992.7928 1,~~191~~198.0815 9921,242.4340 0.00 0.00 AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 5,248,000.00 5,~~224~~219,~~703~~945.5350 4,~~758~~804.0390 0.00 0.00 0.00 B2 1,949,000.00 1,~~940~~938,~~348~~581.1713 1,~~767~~784.0444 0.00 0.00 0.00 B3 1,499,000.00 1,~~492~~490,~~345~~986.7772 1,~~359~~372.0544 0.00 0.00 0.00 B4 599,000.00 ~~596~~595,~~340~~797.9790 ~~543~~548.0843 0.00 0.00 0.00 B5 599,000.00 ~~596~~595,~~340~~797.9790 ~~543~~548.0843 0.00 0.00 0.00 B6 604,031.00 ~~601~~600,~~349~~802.7208 ~~547~~553.6403 0.00 0.00 0.00 E 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 PAX 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 299,942,245.00 ~~270~~257,~~929~~911,~~224~~725.5477 ~~246~~237,~~820~~492.6407 1218,~~770~~516,~~678~~775.1605 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 69,~~633~~548,~~412~~329.0961 7869,~~617~~069,~~649~~319.3574 0.~~78617649~~69069320 69,~~633~~548,~~412~~329.0961 A2 46,~~410~~348,~~308~~328.5763 5347,~~783~~435,~~671~~343.6502 0.~~79093635~~69757857 46,~~410~~348,~~308~~328.5763 A3 12,~~635~~354,~~808~~630.0956 2422,~~727~~372,~~084~~453.3882 0.~~82423615~~74574846 12,~~635~~354,~~808~~630.0956 A4 ~~327~~470,~~161~~926.6211 4,~~945~~474,~~416~~490.8876 0.~~82423615~~74574846 ~~327~~470,~~161~~926.6211 A5 0.00 30,289,000.00 1.00000000 0.00 A6 0.00 24,000,000.00 1.00000000 0.00 A7 0.00 29,340,000.00 1.00000000 0.00 A8 0.00 560,000.00 1.00000000 0.00 A9 0.00 0.00 0.00000000 0.00 AP 122,~~290~~440.5155 1,~~206~~184,~~992~~551.2873 0.~~96165948~~94378019 122,~~290~~440.5155 AX 0.00 0.00 0.00000000 0.00 B1 4,~~758~~804.0390 5,~~219~~215,~~945~~140.5060 0.~~99465425~~99373868 4,~~758~~804.0390 B2 1,~~767~~784.0444 1,~~938~~936,~~581~~796.1369 0.~~99465425~~99373868 1,~~767~~784.0444 B3 1,~~359~~372.0544 1,~~490~~489,~~986~~614.7228 0.~~99465425~~99373868 1,~~359~~372.0544 B4 ~~543~~548.0843 595,~~797~~249.9047 0.~~99465426~~99373868 ~~543~~548.0843 B5 ~~543~~548.0843 595,~~797~~249.9047 0.~~99465426~~99373868 ~~543~~548.0843 B6 ~~547~~553.6403 600,~~802~~249.0805 0.~~99465438~~99373881 ~~547~~553.6403 E 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 PAX 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1318,~~017~~754,~~498~~267.8013 ~~257~~239,~~911~~157,~~725~~458.7763 0.~~85987129~~79734503 1318,~~017~~754,~~498~~267.8013

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 100,000,000.00 ~~852~~786.~~51061440~~17649350 1.~~20416940~~15607950 6594.~~12995150~~32721650 0.00000000 A2 68,000,000.00 ~~855~~790.~~79382676~~93634779 1.~~17736382~~13034441 6392.~~68011529~~22742956 0.00000000 A3 30,000,000.00 ~~878~~824.~~76308233~~23614600 0.~~98983233~~95030233 5377.~~53710400~~53738300 0.00000000 A4 6,000,000.00 ~~878~~824.~~76308167~~23614667 0.~~98983167~~95030167 5377.~~53710333~~53738333 0.00000000 A5 30,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 29,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AP 1,255,114.00 ~~962~~961.~~68768415~~65948272 0.~~94898153~~95461448 016.~~07921990~~92467776 0.00000000 AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 5,248,000.00 ~~995~~994.~~56088605~~65424924 0.~~90663681~~91556784 0.00000000 0.00000000 B2 1,949,000.00 ~~995~~994.~~56088763~~65424833 0.~~90663930~~91556696 0.00000000 0.00000000 B3 1,499,000.00 ~~995~~994.~~56088726~~65424950 0.~~90663776~~91557038 0.00000000 0.00000000 B4 599,000.00 ~~995~~994.~~56088481~~65425710 0.~~90664441~~91557596 0.00000000 0.00000000 B5 599,000.00 ~~995~~994.~~56088481~~65425710 0.~~90664441~~91557596 0.00000000 0.00000000 B6 604,031.00 ~~995~~994.~~56102253~~65438032 0.~~90664221~~91556559 0.00000000 0.00000000 E 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 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 6695.~~33412090~~48329610 ~~786~~690.~~17649350~~69319740 0.~~78617649~~69069320 6695.~~33412090~~48329610 A2 0.00000000 6493.~~85747897~~35777397 ~~790~~697.~~93634779~~57857382 0.~~79093635~~69757857 6493.~~85747897~~35777397 A3 0.00000000 5478.~~52693633~~48768533 ~~824~~745.~~23614600~~74846067 0.~~82423615~~74574846 5478.~~52693633~~48768533 A4 0.00000000 5478.~~52693667~~48768500 ~~824~~745.~~23614667~~74846000 0.~~82423615~~74574846 5478.~~52693667~~48768500 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AP 0.00000000 117.~~02820142~~87929224 ~~961~~943.~~65948272~~78019048 0.~~96165948~~94378019 117.~~02820142~~87929224 AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~90663681~~91556784 ~~994~~993.~~65424924~~73868140 0.~~99465425~~99373868 0.~~90663681~~91556784 B2 0.00000000 0.~~90663930~~91556696 ~~994~~993.~~65424833~~73868138 0.~~99465425~~99373868 0.~~90663930~~91556696 B3 0.00000000 0.~~90663776~~91557038 ~~994~~993.~~65424950~~73867912 0.~~99465425~~99373868 0.~~90663776~~91557038 B4 0.00000000 0.~~90664441~~91557596 ~~994~~993.~~65425710~~73868114 0.~~99465426~~99373868 0.~~90664441~~91557596 B5 0.00000000 0.~~90664441~~91557596 ~~994~~993.~~65425710~~73868114 0.~~99465426~~99373868 0.~~90664441~~91557596 B6 0.00000000 0.~~90664221~~91556559 ~~994~~993.~~65438032~~73881473 0.~~99465438~~99373881 0.~~90664221~~91556559 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 100,000,000.00 6.50000% 8578,~~251~~617,~~061~~649.4435 ~~461~~425,~~776~~845.5860 0.00 0.00 A2 68,000,000.00 6.50000% 5853,~~193~~783,~~980~~671.2265 ~~315~~291,~~217~~328.3922 0.00 0.00 A3 30,000,000.00 6.10000% 2624,~~362~~727,~~892~~084.4738 ~~134~~125,~~011~~696.3701 0.00 0.00 A4 6,000,000.00 2.~~46375~~48000% 54,~~272~~945,~~578~~416.4988 10,~~825~~220.2653 0.00 0.00 A5 30,289,000.00 6.50000% 30,289,000.00 164,065.42 0.00 0.00 A6 24,000,000.00 6.50000% 24,000,000.00 130,000.00 0.00 0.00 A7 29,340,000.00 6.50000% 29,340,000.00 158,925.00 0.00 0.00 A8 560,000.00 6.50000% 560,000.00 3,033.33 0.00 0.00 A9 0.00 6.~~03625~~02000% 54,~~272~~945,~~578~~416.4988 2624,~~522~~809.1751 0.00 0.00 AP 1,255,114.00 0.00000% 1,~~208~~206,~~282~~992.7928 0.00 0.00 0.00 AX 0.00 6.50000% 65,~~475~~853,~~942~~802.0534 3531,~~078~~708.0210 0.00 0.00 B1 5,248,000.00 6.50000% 5,~~224~~219,~~703~~945.5350 28,~~300~~274.4870 0.00 0.00 B2 1,949,000.00 6.50000% 1,~~940~~938,~~348~~581.1713 10,~~510~~500.2265 0.00 0.00 B3 1,499,000.00 6.50000% 1,~~492~~490,~~345~~986.7772 8,~~083~~076.5418 0.00 0.00 B4 599,000.00 6.50000% ~~596~~595,~~340~~797.9790 3,~~230~~227.1824 0.00 0.00 B5 599,000.00 6.50000% ~~596~~595,~~340~~797.9790 3,~~230~~227.1824 0.00 0.00 B6 604,031.00 6.50000% ~~601~~600,~~349~~802.7208 3,~~257~~254.3134 0.00 0.00 E 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 PAX 0.00 6.50000% 3,~~153~~151,~~427~~090.0473 17,~~081~~068.0641 0.00 0.00 R 100.00 6.50000% 0.00 0.00 0.00 0.00 Totals 299,942,245.00 1,~~513~~439,~~147~~260.5148 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 ~~461~~425,~~776~~845.5860 0.00 7869,~~617~~069,~~649~~319.3574 A2 0.00 0.00 ~~315~~291,~~217~~328.3922 0.00 5347,~~783~~435,~~671~~343.6502 A3 0.00 0.00 ~~134~~125,~~011~~696.3701 0.00 2422,~~727~~372,~~084~~453.3882 A4 0.00 0.00 10,~~825~~220.2653 0.00 4,~~945~~474,~~416~~490.8876 A5 0.00 0.00 164,065.42 0.00 30,289,000.00 A6 0.00 0.00 130,000.00 0.00 24,000,000.00 A7 0.00 0.00 158,925.00 0.00 29,340,000.00 A8 0.00 0.00 3,033.33 0.00 560,000.00 A9 0.00 0.00 2624,~~522~~809.1751 0.00 4,~~945~~474,~~416~~490.8876 AP 0.00 0.00 0.00 0.00 1,~~206~~184,~~992~~551.2873 AX 0.00 0.00 3531,~~078~~708.0210 0.00 5,~~853~~289,~~802~~038.3459 B1 0.00 0.00 28,~~300~~274.4870 0.00 5,~~219~~215,~~945~~140.5060 B2 0.00 0.00 10,~~510~~500.2265 0.00 1,~~938~~936,~~581~~796.1369 B3 0.00 0.00 8,~~083~~076.5418 0.00 1,~~490~~489,~~986~~614.7228 B4 0.00 0.00 3,~~230~~227.1824 0.00 595,~~797~~249.9047 B5 0.00 0.00 3,~~230~~227.1824 0.00 595,~~797~~249.9047 B6 0.00 0.00 3,~~257~~254.3134 0.00 600,~~802~~249.0805 E 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~10,391~~0.9900 0.00 0.00 PAX 0.00 0.00 17,~~081~~068.0641 0.00 3,~~151~~148,~~090~~458.7323 R 0.00 0.00 0.0817 0.00 0.00 Totals 0.00 0.00 1,~~523~~439,~~539~~260.5865 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 100,000,000.00 6.50000% ~~852~~786.~~51061440~~17649350 4.~~61776580~~25845600 0.00000000 0.00000000 A2 68,000,000.00 6.50000% ~~855~~790.~~79382676~~93634779 4.~~63554985~~28423853 0.00000000 0.00000000 A3 30,000,000.00 6.10000% ~~878~~824.~~76308233~~23614600 4.~~46704567~~18986700 0.00000000 0.00000000 A4 6,000,000.00 2.~~46375~~48000% ~~878~~824.~~76308167~~23614667 1.~~80421000~~70342167 0.00000000 0.00000000 A5 30,289,000.00 6.50000% 1000.00000000 5.41666678 0.00000000 0.00000000 A6 24,000,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A7 29,340,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A8 560,000.00 6.50000% 1000.00000000 5.41666071 0.00000000 0.00000000 A9 0.00 6.~~03625~~02000% ~~878~~824.~~76308167~~23614667 4.~~42036167~~13491833 0.00000000 0.00000000 AP 1,255,114.00 0.00000% ~~962~~961.~~68768415~~65948272 0.00000000 0.00000000 0.00000000 AX 0.00 6.50000% ~~790~~714.~~60635631~~65329721 43.~~28245117~~87103918 0.00000000 0.00000000 B1 5,248,000.00 6.50000% ~~995~~994.~~56088605~~65424924 5.~~39262195~~38770960 0.00000000 0.00000000 B2 1,949,000.00 6.50000% ~~995~~994.~~56088763~~65424833 5.~~39262186~~38771165 0.00000000 0.00000000 B3 1,499,000.00 6.50000% ~~995~~994.~~56088726~~65424950 5.~~39262175~~38771181 0.00000000 0.00000000 B4 599,000.00 6.50000% ~~995~~994.~~56088481~~65425710 5.~~39262104~~38771285 0.00000000 0.00000000 B5 599,000.00 6.50000% ~~995~~994.~~56088481~~65425710 5.~~39262104~~38771285 0.00000000 0.00000000 B6 604,031.00 6.50000% ~~995~~994.~~56102253~~65438032 5.~~39262058~~38770361 0.00000000 0.00000000 E 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 6.50000% ~~972~~971.~~03490591~~31474500 5.~~26518811~~26128878 0.00000000 0.00000000 R 100.00 6.50000% 0.00000000 0.00000000 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 A1 0.00000000 0.00000000 4.~~61776580~~25845600 0.00000000 ~~786~~690.~~17649350~~69319740 A2 0.00000000 0.00000000 4.~~63554985~~28423853 0.00000000 ~~790~~697.~~93634779~~57857382 A3 0.00000000 0.00000000 4.~~46704567~~18986700 0.00000000 ~~824~~745.~~23614600~~74846067 A4 0.00000000 0.00000000 1.~~80421000~~70342167 0.00000000 ~~824~~745.~~23614667~~74846000 A5 0.00000000 0.00000000 5.41666678 0.00000000 1000.00000000 A6 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A7 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A8 0.00000000 0.00000000 5.41666071 0.00000000 1000.00000000 A9 0.00000000 0.00000000 4.~~42036167~~13491833 0.00000000 ~~824~~745.~~23614667~~74846000 AP 0.00000000 0.00000000 0.00000000 0.00000000 ~~961~~943.~~65948272~~78019048 AX 0.00000000 0.00000000 43.~~28245117~~87103918 0.00000000 ~~714~~645.~~65329721~~70490219 B1 0.00000000 0.00000000 5.~~39262195~~38770960 0.00000000 ~~994~~993.~~65424924~~73868140 B2 0.00000000 0.00000000 5.~~39262186~~38771165 0.00000000 ~~994~~993.~~65424833~~73868138 B3 0.00000000 0.00000000 5.~~39262175~~38771181 0.00000000 ~~994~~993.~~65424950~~73867912 B4 0.00000000 0.00000000 5.~~39262104~~38771285 0.00000000 ~~994~~993.~~65425710~~73868114 B5 0.00000000 0.00000000 5.~~39262104~~38771285 0.00000000 ~~994~~993.~~65425710~~73868114 B6 0.00000000 0.00000000 5.~~39262058~~38770361 0.00000000 ~~994~~993.~~65438032~~73881473 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 5.~~26518811~~26128878 0.00000000 ~~971~~970.~~31474500~~50328437 R 0.00000000 0.00000000 01.~~80000000~~70000000 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 1419,~~570~~000,~~948~~977.2268 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 161,~~141~~246,281.7256 Realized Losses 0.00 Prepayment Penalties ~~10,391~~0.9900 Total Deposits 1420,~~597~~247,~~481~~259.9324 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5653,~~443~~731.5546 Payment of Interest and Principal 1420,~~541~~193,~~038~~527.3878 Total Withdrawals (Pool Distribution Amount) 1420,~~597~~247,~~481~~259.9324 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5653,~~443~~731.5546 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5653,~~443~~731.5546

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 5427 0 0 0 5427 1186,~~934~~567,~~584~~370.7460 0.00 0.00 0.00 1186,~~934~~567,~~584~~370.7460 60 Days 010 0 0 0 010 04,354,900.0078 0.00 0.00 0.00 04,354,900.0078 90 Days 1 0 0 0 1 ~~461~~460,~~403~~687.5716 0.00 0.00 0.00 ~~461~~460,~~403~~687.5716 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 6438 0 0 0 6438 2191,~~395~~382,~~988~~958.3154 0.00 0.00 0.00 2191,~~395~~382,~~988~~958.3154 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 078.~~856164~~348624% 0.000000% 0.000000% 0.000000% 078.~~856164~~348624% 077.~~749536~~952318% 0.000000% 0.000000% 0.000000% 077.~~749536~~952318% 60 Days 01.~~000000~~834862% 0.000000% 0.000000% 0.000000% 01.~~000000~~834862% 01.~~000000~~819582% 0.000000% 0.000000% 0.000000% 01.~~000000~~819582% 90 Days 0.~~171233~~183486% 0.000000% 0.000000% 0.000000% 0.~~171233~~183486% 0.~~178766~~192486% 0.000000% 0.000000% 0.000000% 0.~~178766~~192486% 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 180.~~027397~~366972% 0.000000% 0.000000% 0.000000% 180.~~027397~~366972% 079.~~928303~~964386% 0.000000% 0.000000% 0.000000% 079.~~928303~~964386%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 161,~~141~~246,281.7256

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03333975% 100,000.00 0.~~03877296~~04181346% Fraud 5,998,845.00 2.00000003% 5,998,845.00 2.~~32592953~~50832445% Special Hazard 2,999,423.00 1.00000018% 2,~~909~~905,~~503~~799.1282 1.~~12810037~~21501534% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Ratio Strip Weighted Average Gross Coupon 6.~~952035~~946526% Weighted Average Pass-Through Rate 6.~~702035~~696527% Weighted Average Maturity(Stepdown Calculation ) ~~346~~345 Beginning Scheduled Collateral Loan Count ~~613~~584 Number Of Loans Paid In Full 2939 Ending Scheduled Collateral Loan Count ~~584~~545 Beginning Scheduled Collateral Balance ~~270~~257,~~929~~911,~~224~~725.5070 Ending Scheduled Collateral Balance ~~257~~239,~~911~~157,~~725~~458.7057 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~258~~239,~~104~~335,~~246~~244.9476 Monthly P &I Constant 1,~~816~~730,~~411~~484.7919 Special Servicing Fee 0.00 Prepayment Penalties ~~10,391~~0.9900 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1420,~~463~~104,~~225~~915.9703 Class AP Deferred Amount 0.00 Scheduled Principal ~~246~~237,~~820~~492.6408 Unscheduled Principal 1218,~~770~~516,~~678~~775.1605

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2002 7