8-K 1 mam02001.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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-03 Pooling and Servicing Agreement) (Commission 74-3040739 (State or other File Number) 74-3040744 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 November 25, 2002 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2002-1 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 2002-1 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-1 Trust By: Wells Fargo Bank Minnesota, NA, as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/4/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-1 Trust, relating to the November 25, 2002 distribution. EX-99.1

Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: MARM Series: 2002-21 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~~576433AJ5 SEN 65.~~04966~~86713% ~~105~~66,~~720~~565,~~662~~745.0886 ~~532~~325,~~978~~457.5899 89,~~199~~430,~~186~~702.5720 A-~~R 576433BA3 RES 6.04966% 0.00 0.00 0.00 A-~~2 ~~576433AW6~~576433AK2 SEN 5.~~92843~~30000% 9632,~~296~~713,~~168~~333.6379 ~~475~~144,~~737~~483.2889 54,~~085~~634,~~442~~661.1364 A-3 ~~576433AX4~~576433AL0 SEN 50.~~98798~~56713% ~~39,293,090~~0.0900 ~~196~~15,~~071~~460.9447 ~~2,206,552~~0.4900 A-4R ~~576433AY2~~576433AM8 ~~SEN~~RES 5.~~25785~~89855% ~~40,814,817~~0.3800 ~~178,831~~0.8700 ~~5,244,443~~0.6600 A-5LR ~~576433AZ9~~576433AN6 ~~SEN~~RES 5.~~64833~~89855% ~~52,897,682~~0.4900 ~~248,986~~0.4800 ~~7,231,899~~0.2000 B-1 ~~576433BB1~~576433AP1 SUB 5.~~84306~~86713% 61,~~590~~551,~~358~~396.6948 327,~~089~~585.8820 61,~~595~~633.5811 B-2 ~~576433BC9~~576433AQ9 SUB 5.~~84306~~86713% 21,~~197~~163,~~450~~547.3136 105,~~699~~688.8690 21,~~199~~224.1983 B-3 ~~576433BD7~~576433AR7 SUB 5.~~84306~~86713% 1,~~757~~008,~~163~~804.3549 84,~~556~~932.0132 1,~~758~~061.5594 B-4 ~~576433BE5~~576433AS5 SUB 5.~~84306~~86713% ~~878~~310,~~581~~477.68 41,~~278~~518.0001 ~~879~~326.2883 B-5 ~~576433BF2~~576433AT3 SUB 5.~~84306~~86713% ~~878~~154,~~581~~742.6887 ~~4,278~~756.0058 ~~879~~162.2889 B-6 ~~576433BG0~~576433AU0 SUB 5.~~84306~~86713% ~~879~~466,~~265~~635.9474 42,281.3451 ~~879~~491.9621 Totals ~~348~~103,~~203~~934,~~822~~684.3227 1508,~~696,789~~164.2487 2714,~~980~~070,~~715~~264.8965

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9757,~~521~~135,~~475~~043.5166 89,~~732~~756,~~165~~160.1519 0.00 A-~~R 0.00 0.00 0.00 0.00 A-~~2 0.00 9128,~~210~~078,~~726~~672.5015 54,~~561~~779,~~179~~145.4153 0.00 A-3 0.00 ~~37,086,537~~0.5900 215,~~402,624~~460.4347 0.00 A-4R 0.00 ~~35,570,373~~0.7200 ~~5,423,275~~0.5300 0.00 A-5LR 0.00 ~~45,665,783~~0.3000 ~~7,480,885~~0.6800 0.00 B-1 0.00 61,~~583~~549,763.1237 389,~~685~~218.4631 0.00 B-2 0.00 21,~~195~~162,~~251~~322.1253 126,~~899~~913.0573 0.00 B-3 0.00 1,~~755~~007,~~404~~742.8055 105,~~314~~994.5626 0.00 B-4 0.00 ~~877~~310,~~702~~150.4085 51,~~157~~844.2884 0.00 B-5 0.00 ~~877~~154,~~702~~579.4098 ~~5,157~~919.2847 0.00 B-6 0.00 ~~878~~466,~~385~~144.9853 52,~~161~~772.3072 0.00 Totals 0.00 ~~320~~89,~~223~~864,~~106~~419.4462 2914,~~677~~578,~~505~~429.1352 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~~101,~~777~~741,000.00 ~~105~~66,~~720~~565,~~662~~745.0886 9170,~~312~~071.6285 89,~~107~~360,~~873~~630.9535 0.00 0.00 A-~~R 100.00 0.00 0.00 0.00 0.00 0.00 A-~~2 ~~118~~50,~~094~~000,000.00 9632,~~296~~713,~~168~~333.6379 9834,~~983~~436.5939 4,~~986~~600,~~458~~225.5425 0.00 0.00 A-3 ~~40,144,000~~0.00 ~~39,293,090~~0.0900 ~~41,052~~0.7900 ~~2,165,499~~0.7000 0.00 0.00 A-4R 50~~,044,000~~.00 ~~40,814,817~~0.3800 ~~47,336~~0.7200 ~~5,197,106~~0.9400 0.00 0.00 A-5LR ~~79,743,000~~50.00 ~~52,897,682~~0.4900 ~~57,085~~0.0700 ~~7,174,814~~0.1300 0.00 0.00 B-1 61,~~616~~564,000.00 61,~~590~~551,~~358~~396.6948 61,~~595~~633.5811 0.00 0.00 0.00 B-2 21,~~206~~173,000.00 21,~~197~~163,~~450~~547.3136 21,~~199~~224.1983 0.00 0.00 0.00 B-3 1,~~764~~017,000.00 1,~~757~~008,~~163~~804.3549 1,~~758~~061.5594 0.00 0.00 0.00 B-4 ~~882~~313,000.00 ~~878~~310,~~581~~477.68 ~~879~~326.2883 0.00 0.00 0.00 B-5 ~~882~~156,000.00 ~~878~~154,~~581~~742.6887 ~~879~~162.2889 0.00 0.00 0.00 B-6 ~~882~~470,~~686~~426.9168 ~~879~~466,~~265~~635.9474 ~~879~~491.9621 0.00 0.00 0.00 Totals ~~441~~156,~~034~~434,~~786~~526.9168 ~~348~~103,~~203~~934,~~822~~684.3227 ~~348~~109,~~962~~409.6305 2713,~~631~~960,~~753~~855.2660 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 89,~~199~~430,~~186~~702.5720 9757,~~521~~135,~~475~~043.5166 0.~~69769329~~56157344 89,~~199~~430,~~186~~702.5720 A-~~R 0.00 0.00 0.00000000 0.00 A-~~2 54,~~085~~634,~~442~~661.1364 9128,~~210~~078,~~726~~672.5015 0.~~77235699~~56157344 54,~~085~~634,~~442~~661.1364 A-3 ~~2,206,552~~0.4900 ~~37,086,537~~0.5900 0.~~92383762~~00000000 ~~2,206,552~~0.4900 A-4R ~~5,244,443~~0.6600 ~~35,570,373~~0.7200 0.~~71078199~~00000000 ~~5,244,443~~0.6600 A-5LR ~~7,231,899~~0.2000 ~~45,665,783~~0.3000 0.~~57266197~~00000000 ~~7,231,899~~0.2000 B-1 61,~~595~~633.5811 61,~~583~~549,763.1237 0.~~99512744~~99089730 61,~~595~~633.5811 B-2 21,~~199~~224.1983 21,~~195~~162,~~251~~322.1253 0.~~99512743~~99089730 21,~~199~~224.1983 B-3 1,~~758~~061.5594 1,~~755~~007,~~404~~742.8055 0.~~99512744~~99089730 1,~~758~~061.5594 B-4 ~~879~~326.2883 ~~877~~310,~~702~~150.4085 0.~~99512744~~99089728 ~~879~~326.2883 B-5 ~~879~~162.2889 ~~877~~154,~~702~~579.4098 0.~~99512744~~99089731 ~~879~~162.2889 B-6 ~~879~~491.9621 ~~878~~466,~~385~~144.9853 0.~~99512746~~99089731 ~~879~~491.9621 Totals 2714,~~980~~070,~~715~~264.8965 ~~320~~89,~~223~~864,~~106~~419.4462 0.~~72607222~~57445387 2714,~~980~~070,~~715~~264.8965

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 ~~139~~101,~~777~~741,000.00 ~~756~~654.~~35234752~~26667577 0.~~65327357~~68872775 5892.~~00578028~~00450507 0.00000000 A-~~R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-~~2 ~~118~~50,~~094~~000,000.00 ~~815~~654.~~41965409~~26667580 0.~~83817628~~68872780 4292.~~22448676~~00450500 0.00000000 A-3 ~~40,144,000~~0.00 ~~978~~0.~~80355944~~00000000 10.~~02263825~~00000000 530.~~94329663~~00000000 0.00000000 A-4R 50~~,044,000~~.00 ~~815~~0.~~57863840~~00000000 0.~~94590201~~00000000 ~~103~~0.~~85075014~~00000000 0.00000000 A-5LR ~~79,743,000~~50.00 ~~663~~0.~~35204958~~00000000 0.~~71586309~~00000000 890.~~97421880~~00000000 0.00000000 B-1 61,~~616~~564,000.00 ~~996~~991.~~12434855~~94148338 01.~~99691354~~04418798 0.00000000 0.00000000 B-2 21,~~206~~173,000.00 ~~996~~991.~~12434723~~94148338 01.~~99691296~~04418585 0.00000000 0.00000000 B-3 1,~~764~~017,000.00 ~~996~~991.~~12434807~~94148476 01.~~99691043~~04418879 0.00000000 0.00000000 B-4 ~~882~~313,000.00 ~~996~~991.~~12435374~~94146965 01.~~99691610~~04418530 0.00000000 0.00000000 B-5 ~~882~~156,000.00 ~~996~~991.~~12435374~~94147436 01.~~99691610~~04416667 0.00000000 0.00000000 B-6 ~~882~~470,~~686~~426.9168 ~~996~~991.~~12436759~~94148597 01.~~99691067~~04417972 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 A-1 0.00000000 5892.~~65905385~~69323282 ~~697~~561.~~69329367~~57344296 0.~~69769329~~56157344 5892.~~65905385~~69323282 A-R2 0.00000000 092.~~00000000~~69323280 0561.~~00000000~~57344300 0.~~00000000~~56157344 092.~~00000000~~69323280 A-23 0.00000000 430.~~06266305~~00000000 ~~772~~0.~~35699104~~00000000 0.~~77235699~~00000000 430.~~06266305~~00000000 A-3R 0.00000000 540.~~96593488~~00000000 ~~923~~0.~~83762430~~00000000 0.~~92383762~~00000000 540.~~96593488~~00000000 A-4LR 0.00000000 ~~104~~0.~~79665215~~00000000 ~~710.78198625~~ 0.~~71078199~~00000000 ~~104.79665215 A-5~~ 0.00000000 ~~90.69008189 572.66196782~~ 0.~~57266197~~00000000 ~~90.69008189~~ B-1 0.00000000 01.~~99691354~~04418798 ~~995~~990.~~12743652~~89729540 0.~~99512744~~99089730 01.~~99691354~~04418798 B-2 0.00000000 01.~~99691296~~04418585 ~~995~~990.~~12743427~~89729753 0.~~99512743~~99089730 01.~~99691296~~04418585 B-3 0.00000000 01.~~99691043~~04418879 ~~995~~990.~~12743764~~89729597 0.~~99512744~~99089730 01.~~99691043~~04418879 B-4 0.00000000 01.~~99691610~~04418530 ~~995~~990.~~12743764~~89728435 0.~~99512744~~99089728 01.~~99691610~~04418530 B-5 0.00000000 01.~~99691610~~04416667 ~~995~~990.~~12743764~~89730769 0.~~99512744~~99089731 01.~~99691610~~04416667 B-6 0.00000000 01.~~99691067~~04417972 ~~995~~990.~~12745691~~89730625 0.~~99512746~~99089731 01.~~99691067~~04417972 (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~~101,~~777~~741,000.00 65.~~04966~~86713% ~~105~~66,~~720~~565,~~662~~745.0886 ~~532~~325,~~978~~457.5899 0.00 0.00 A-~~R 100.00 6.04966% 0.00 0.00 0.00 0.00 A-~~2 ~~118~~50,~~094~~000,000.00 5.~~92843~~30000% 9632,~~296~~713,~~168~~333.6379 ~~475~~144,~~737~~483.2889 0.00 0.00 A-3 ~~40,144,000~~0.00 50.~~98798~~56713% 3932,~~293~~713,~~090~~333.0979 ~~196~~15,~~071~~460.9447 0.00 0.00 A-4R 50~~,044,000~~.00 5.~~25785~~89855% ~~40,814,817~~0.3800 ~~178,831~~0.8700 0.00 0.00 A-5LR ~~79,743,000~~50.00 5.~~64833~~89855% ~~52,897,682~~0.4900 ~~248,986~~0.4800 0.00 0.00 B-1 61,~~616~~564,000.00 5.~~84306~~86713% 61,~~590~~551,~~358~~396.6948 327,~~089~~585.8820 0.00 0.00 B-2 21,~~206~~173,000.00 5.~~84306~~86713% 21,~~197~~163,~~450~~547.3136 105,~~699~~688.8690 0.00 0.00 B-3 1,~~764~~017,000.00 5.~~84306~~86713% 1,~~757~~008,~~163~~804.3549 84,~~556~~932.0132 0.00 0.00 B-4 ~~882~~313,000.00 5.~~84306~~86713% ~~878~~310,~~581~~477.68 41,~~278~~518.0001 0.00 0.00 B-5 ~~882~~156,000.00 5.~~84306~~86713% ~~878~~154,~~581~~742.6887 ~~4,278~~756.0058 0.00 0.00 B-6 ~~882~~470,~~686~~426.9168 5.~~84306~~86713% ~~879~~466,~~265~~635.9474 42,281.3451 0.00 0.00 Totals ~~441~~156,~~034~~434,~~786~~526.9168 1508,~~696,789~~164.2487 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 ~~532~~325,~~978~~457.5899 0.00 9757,~~521~~135,~~475~~043.5166 A-~~R 0.00 0.00 0.00 0.00 0.00 A-~~2 0.00 0.00 ~~475~~144,~~737~~483.2889 0.00 9128,~~210~~078,~~726~~672.5015 A-3 0.00 0.00 ~~196~~15,~~071~~460.9447 0.00 3728,~~086~~078,~~537~~672.5915 A-4R 0.00 0.00 ~~178,831~~0.8700 0.00 ~~35,570,373~~0.7200 A-5LR 0.00 0.00 ~~248,986~~0.4800 0.00 ~~45,665,783~~0.3000 B-1 0.00 0.00 327,~~089~~585.8820 0.00 61,~~583~~549,763.1237 B-2 0.00 0.00 105,~~699~~688.8690 0.00 21,~~195~~162,~~251~~322.1253 B-3 0.00 0.00 84,~~556~~932.0132 0.00 1,~~755~~007,~~404~~742.8055 B-4 0.00 0.00 41,~~278~~518.0001 0.00 ~~877~~310,~~702~~150.4085 B-5 0.00 0.00 ~~4,278~~756.0058 0.00 ~~877~~154,~~702~~579.4098 B-6 0.00 0.00 42,281.3451 0.00 ~~878~~466,~~385~~144.9853 Totals 0.00 0.00 1508,~~696,789~~164.2487 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~~101,~~777~~741,000.00 65.~~04966~~86713% ~~756~~654.~~35234752~~26667577 3.~~81306352~~19888727 0.00000000 0.00000000 A-~~R 100.00 6.04966% 0.00000000 0.00000000 0.00000000 0.00000000 A-~~2 ~~118~~50,~~094~~000,000.00 5.~~92843~~30000% ~~815~~654.~~41965409~~26667580 42.~~02846275~~88967780 0.00000000 0.00000000 A-3 ~~40,144,000~~0.00 50.~~98798~~56713% ~~978~~654.~~80355944~~26667580 40.~~88421532~~30920940 0.00000000 0.00000000 A-4R 50~~,044,000~~.00 5.~~25785~~89855% ~~815~~0.~~57863840~~00000000 30.~~57349273~~00000000 0.00000000 0.00000000 A-5LR ~~79,743,000~~50.00 5.~~64833~~89855% ~~663~~0.~~35204958~~00000000 30.~~12236159~~00000000 0.00000000 0.00000000 B-1 61,~~616~~564,000.00 5.~~84306~~86713% ~~996~~991.~~12434855~~94148338 4.~~85034462~~84987212 0.00000000 0.00000000 B-2 21,~~206~~173,000.00 5.~~84306~~86713% ~~996~~991.~~12434723~~94148338 4.~~85034451~~84987212 0.00000000 0.00000000 B-3 1,~~764~~017,000.00 5.~~84306~~86713% ~~996~~991.~~12434807~~94148476 4.~~85034580~~84987217 0.00000000 0.00000000 B-4 ~~882~~313,000.00 5.~~84306~~86713% ~~996~~991.~~12435374~~94146965 4.~~85034014~~84987220 0.00000000 0.00000000 B-5 ~~882~~156,000.00 5.~~84306~~86713% ~~996~~991.~~12435374~~94147436 4.~~85034014~~84987179 0.00000000 0.00000000 B-6 ~~882~~470,~~686~~426.9168 5.~~84306~~86713% ~~996~~991.~~12436759~~94148597 4.~~85034949~~84987374 0.00000000 0.00000000 (5) ~~Per~~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 A-1 0.00000000 0.00000000 3.~~81306352~~19888727 0.00000000 ~~697~~561.~~69329367~~57344296 A-R2 0.00000000 0.00000000 02.~~00000000~~88967780 0.00000000 0561.~~00000000~~57344300 A-23 0.00000000 0.00000000 40.~~02846275~~30920940 0.00000000 ~~772~~561.~~35699104~~57344300 A-3R 0.00000000 0.00000000 40.~~88421532~~00000000 0.00000000 ~~923~~0.~~83762430~~00000000 A-4LR 0.00000000 0.00000000 ~~3.57349273~~ 0.00000000 ~~710.78198625 A-5~~ 0.00000000 0.00000000 ~~3.12236159 0.00000000 572.66196782~~ B-1 0.00000000 0.00000000 4.~~85034462~~84987212 0.00000000 ~~995~~990.~~12743652~~89729540 B-2 0.00000000 0.00000000 4.~~85034451~~84987212 0.00000000 ~~995~~990.~~12743427~~89729753 B-3 0.00000000 0.00000000 4.~~85034580~~84987217 0.00000000 ~~995~~990.~~12743764~~89729597 B-4 0.00000000 0.00000000 4.~~85034014~~84987220 0.00000000 ~~995~~990.~~12743764~~89728435 B-5 0.00000000 0.00000000 4.~~85034014~~84987179 0.00000000 ~~995~~990.~~12743764~~89730769 B-6 0.00000000 0.00000000 4.~~85034949~~84987374 0.00000000 ~~995~~990.~~12745691~~89730625 (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 2914,~~750~~598,~~827~~442.8852 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 94,~~622~~783.4217 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 2914,~~760~~603,~~450~~225.3069 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 8224,~~945~~796.17 Payment of Interest and Principal 2914,~~677~~578,~~505~~429.1352 Total Withdrawals (Pool Distribution Amount) 2914,~~760~~603,~~450~~225.3069 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8222,~~945~~414.1734 Master Servicing Fee 02,381.0083 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8224,~~945~~796.17

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 32 0 0 0 32 1810,~~768,717~~372.8758 0.00 0.00 0.00 1810,~~768,717~~372.8758 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 32 0 0 0 32 1810,~~768,717~~372.8758 0.00 0.00 0.00 1810,~~768,717~~372.8758 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 0.~~375000~~925926% 0.000000% 0.000000% 0.000000% 0.~~375000~~925926% 0.~~551886~~901024% 0.000000% 0.000000% 0.000000% 0.~~551886~~901024% 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.~~375000~~925926% 0.000000% 0.000000% 0.000000% 0.~~375000~~925926% 0.~~551886~~901024% 0.000000% 0.000000% 0.000000% 0.~~551886~~901024%

~~Delinquency~~OTHER ~~Status~~INFORMATION ByCurrent ~~Groups~~Period ~~DELINQUENT~~Class ~~BANKRUPTCY~~A ~~FORECLOSURE~~Insufficient ~~REO~~Funds ~~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 1 0 0 0 1 675,000.00 0.00 0.00 0.00 675,000.00 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 1 0 0 0 1 675,000.00 0.00 0.00 0.00 675,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.458716% 0.000000% 0.000000% 0.000000% 0.458716% 0.662407% 0.000000% 0.000000% 0.000000% 0.662407% 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 0.458716% 0.000000% 0.000000% 0.000000% 0.458716% 0.662407% 0.000000% 0.000000% 0.000000% 0.662407% 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 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 No of ~~Loans~~Contaminated NoProperties ~~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~~Periodic ~~0.00~~Advance 0.00 30 Days 1 0 0 0 1 610,131.25 0.00 0.00 0.00 610,131.25 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 1 0 0 0 1 610,131.25 0.00 0.00 0.00 610,131.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.010101% 0.000000% 0.000000% 0.000000% 1.010101% 1.590693% 0.000000% 0.000000% 0.000000% 1.590693% 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 1.010101% 0.000000% 0.000000% 0.000000% 1.010101% 1.590693% 0.000000% 0.000000% 0.000000% 1.590693% 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 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 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 1 0 0 0 1 483,~~586~~783.62 0.00 0.00 0.00 483,586.62 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 1 0 0 0 1 483,586.62 0.00 0.00 0.00 483,586.62 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.740741% 0.000000% 0.000000% 0.000000% 0.740741% 1.004095% 0.000000% 0.000000% 0.000000% 1.004095% 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 0.740741% 0.000000% 0.000000% 0.000000% 0.740741% 1.004095% 0.000000% 0.000000% 0.000000% 1.004095%17

~~OTHER~~CREDIT ~~INFORMATION~~ENHANCEMENT Original $ Original % Current ~~Period~~$ ~~Class~~Current A% ~~Insufficient~~Bankruptcy ~~Funds~~100,000.00 0.06392451% 100,000.00 ~~Principal~~0.11127875% ~~Balance~~Fraud of3,135,218.64 ~~Contaminated~~2.00417306% ~~Properties~~3,135,218.64 03.0048883201% ~~Periodic~~Special ~~Advance~~Hazard 93,~~622~~354,233.4200 2.14417691% 3,354,233.00 3.73254845% Limit of Subordinate's Exposure to Certain Types of Losses

~~CREDIT~~COLLATERAL ~~ENHANCEMENT~~STATEMENT ~~Original~~Collateral $Description ~~Original~~Mixed %ARM ~~Current~~Weighted $Average ~~Current~~Gross Coupon 6.153415% ~~Bankruptcy~~Weighted ~~100,000.00~~Average 0Net Coupon 5.~~02267395~~894626% ~~100,000.00~~Weighted 0Average Pass-Through Rate 5.~~03122823~~867126% ~~Fraud~~Weighted 7Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 246 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 216 Beginning Scheduled Collateral Balance 103,~~683~~934,~~932~~684.0027 1Ending Scheduled Collateral Balance 89,864,419.~~74225078%~~61 8Ending Actual Collateral Balance at 31-Oct-2002 89,~~820~~939,~~696~~097.0096 2Monthly P &I Constant 642,370.~~75454701%~~12 Special ~~Hazard~~Servicing ~~8,820,696~~Fee 0.00 2Prepayment Penalties 0.~~00000006%~~00 ~~7,683,932~~Realized Loss Amount 0.00 2Cumulative Realized Loss 0.~~39955576%~~00 ~~Limit~~Ending ofScheduled ~~Subordinate's~~Balance ~~Exposure~~for toPremium ~~Certain~~Loans ~~Types~~89,864,419.61 ofScheduled ~~Losses~~Principal 109,409.06 Unscheduled Principal 13,960,855.60

~~COLLATERAL~~Miscellaneous ~~STATEMENT~~Reporting ~~Collateral~~Senior ~~Description~~Percentage ~~Mixed ARM Weighted Average Gross Coupon 6~~95.~~133423~~520644% ~~Weighted~~Senior ~~Average~~Prepayment ~~Net~~Percentage ~~Coupon 5~~100.~~847573~~000000% ~~Weighted~~Junior ~~Average~~Percentage ~~Pass-Through Rate 5~~4.~~847573~~479356% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 855 Number Of Loans Paid In Full 55 Ending Scheduled Collateral Loan Count 800 Beginning Scheduled Collateral Balance 348,203,822.34 Ending Scheduled Collateral Balance 320,223,106.47 Ending Actual Collateral Balance at 30-Sep-2002 320,486,330.67 Monthly P &I Constant 2,128,697.04 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 320,223,106.47 Scheduled Principal 348,962.63 Unscheduled Principal 27,631,753.25

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.365060 6.178426 6.237982 Weighted Average Net Rate 6.049662 5.928426 5.987982 Weighted Average Maturity 353 353 352 Beginning Loan Count 233 280 104 Loans Paid In Full 15 10 5 Ending Loan Count 218 270 99 Beginning Scheduled Balance 110,029,172.79 99,934,608.60 40,530,416.35 Ending scheduled Balance 101,826,264.91 94,845,426.49 38,322,571.12 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant 678,652.51 617,255.75 253,035.55 Scheduled Principal 95,033.95 102,723.57 42,345.53 Unscheduled Principal 8,107,873.94 4,986,458.54 2,165,499.70 Scheduled Interest 583,618.57 514,532.18 210,690.02 Servicing Fees 28,919.13 20,819.70 8,443.85 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 554,699.44 493,712.48 202,246.17 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 6.049662 5.928426 5.987982

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.628928 5.901212 6.133423 Weighted Average Net Rate 5.257851 5.648334 5.847573 Weighted Average Maturity 353 352 353 Beginning Loan Count 87 151 855 Loans Paid In Full 9 16 55 Ending Loan Count 78 135 800 Beginning Scheduled Balance 42,355,789.71 55,353,834.89 348,203,822.34 Ending scheduled Balance 37,109,558.84 48,119,285.11 320,223,106.47 Record Date 09/30/2002 09/30/2002 09/30/2002 Principal And Interest Constant 247,805.34 331,947.89 2,128,697.04 Scheduled Principal 49,123.93 59,735.65 348,962.63 Unscheduled Principal 5,197,106.94 7,174,814.13 27,631,753.25 Scheduled Interest 198,681.41 272,212.24 1,779,734.42 Servicing Fees 13,097.71 11,664.78 82,945.17 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 185,583.70 260,547.46 1,696,789.25 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 5.257851 5.648334 5.847573

Miscellaneous Reporting Group Group 1 Senior Percentage Group 1 96.084211% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 3.915789% Group Group 2 Senior Percentage Group 2 96.359179% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 3.640821% Group Group 3 Senior Percentage Group 3 96.947166% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 3.052834%

Miscellaneous Reporting Group Group 4 Senior Percentage Group 4 96.361838% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 3.638162% Group Group 5 Senior Percentage Group 5 95.562814% Senior Prepayment Percentage Group 5 100.000000% Subordinate Percentage Group 5 4.437186%

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2002-2