8-K 1 abf02wf2.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 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2002-WF2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-32857-01 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 ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2002-WF2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-WF2 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2002-WF2 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: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-WF2 Trust, relating to the November 25, 2002 distribution.

Asset Backed Funding Corporation Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: ABFC Series: 2002-WF2 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 04542BBS0 SEN 2.70500% 2926,~~072~~268,~~000~~894.0062 6559,~~533~~214.1347 2,~~803~~258,~~105~~206.3878 A2 04542BBT8 SEN 2.85800% 189,463,000.00 ~~436~~451,~~196~~237.4570 0.00 AIO 04542BBU5 SEN 6.00000% 0.00 130,080.00 0.00 M1 04542BBV3 SUB 2.~~53063~~55000% 14,309,000.00 2931,~~169~~420.8018 0.00 M2 04542BBW1 SUB 3.~~21063~~23000% 13,008,000.00 3336,~~643~~180.1231 0.00 M3 04542BBX9 SUB 3.~~66063~~68000% 7,805,000.00 2324,~~015~~733.7018 0.00 M4 04542BBY7 SUB 3.~~96063~~98000% 3,252,000.00 1011,~~375~~145.5333 0.00 B 04542BBZ4 SUB 6.~~31063~~33000% 1,951,000.00 910,~~918~~634.0358 0.00 CE ABF02W2CE SUB 0.00000% 1,~~301~~300,~~376~~806.2187 1,~~085~~047,~~646~~864.2389 0.00 R1 ABF02W2R1 SUB 0.00000% 0.00 0.00 0.00 R2 ABF02W2R2 SUB 0.00000% 0.00 0.00 0.00 R3 ABF02W2R3 SUB 0.00000% 0.00 0.00 0.00 R4 ABF02W2R4 SUB 0.00000% 0.00 0.00 0.00 R5 ABF02W2R5 SUB 0.00000% 0.00 0.00 0.00 P ABF02WF2P SUB 0.00000% 0.00 5653,~~894~~941.1235 0.00 Totals ~~260~~257,~~161~~357,~~376~~701.2149 1,~~880~~856,~~472~~451.1199 2,~~803~~258,~~105~~206.3878

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 2624,~~268~~010,~~894~~687.6284 2,~~868~~317,~~638~~421.5125 0.00 A2 0.00 189,463,000.00 ~~436~~451,~~196~~237.4570 0.00 AIO 0.00 0.00 130,080.00 0.00 M1 0.00 14,309,000.00 2931,~~169~~420.8018 0.00 M2 0.00 13,008,000.00 3336,~~643~~180.1231 0.00 M3 0.00 7,805,000.00 2324,~~015~~733.7018 0.00 M4 0.00 3,252,000.00 1011,~~375~~145.5333 0.00 B 0.00 1,951,000.00 910,~~918~~634.0358 0.00 CE 0.00 1,300,806.87 1,~~085~~047,~~646~~864.2389 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 R5 0.00 0.00 0.00 0.00 P 0.00 0.00 5653,~~894~~941.1235 0.00 Totals 0.00 ~~257~~255,~~357~~099,~~701~~494.4971 4,~~683~~114,~~577~~658.4977 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 29,072,000.00 2926,~~072~~268,~~000~~894.0062 0.00 2,~~803~~258,~~105~~206.3878 0.00 0.00 A2 189,463,000.00 189,463,000.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 14,309,000.00 14,309,000.00 0.00 0.00 0.00 0.00 M2 13,008,000.00 13,008,000.00 0.00 0.00 0.00 0.00 M3 7,805,000.00 7,805,000.00 0.00 0.00 0.00 0.00 M4 3,252,000.00 3,252,000.00 0.00 0.00 0.00 0.00 B 1,951,000.00 1,951,000.00 0.00 0.00 0.00 0.00 CE 1,301,376.21 1,~~301~~300,~~376~~806.2187 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 R3 0.00 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 0.00 R5 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 Totals 260,161,376.21 ~~260~~257,~~161~~357,~~376~~701.2149 0.00 2,~~803~~258,~~105~~206.3878 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 2,~~803~~258,~~105~~206.3878 2624,~~268~~010,~~894~~687.6284 0.~~90358058~~82590423 2,~~803~~258,~~105~~206.3878 A2 0.00 189,463,000.00 1.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 14,309,000.00 1.00000000 0.00 M2 0.00 13,008,000.00 1.00000000 0.00 M3 0.00 7,805,000.00 1.00000000 0.00 M4 0.00 3,252,000.00 1.00000000 0.00 B 0.00 1,951,000.00 1.00000000 0.00 CE 0.00 1,300,806.87 0.99956251 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 R4 0.00 0.00 0.00000000 0.00 R5 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 Totals 2,~~803~~258,~~105~~206.3878 ~~257~~255,~~357~~099,~~701~~494.4971 0.~~98922332~~98054330 2,~~803~~258,~~105~~206.3878

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 29,072,000.00 ~~1000~~903.~~00000000~~58057994 0.00000000 9677.~~41942006~~67634769 0.00000000 A2 189,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 14,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 13,008,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,805,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 3,252,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 1,951,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 1,301,376.21 ~~1000~~999.~~00000000~~56250929 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 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1000.00 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 9677.~~41942006~~67634769 ~~903~~825.~~58057994~~90423225 0.~~90358058~~82590423 9677.~~41942006~~67634769 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.56250929 0.99956251 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 29,072,000.00 2.70500% 2926,~~072~~268,~~000~~894.0062 6559,~~533~~214.1347 0.00 0.00 A2 189,463,000.00 2.85800% 189,463,000.00 ~~436~~451,~~196~~237.4571 0.00 0.00 AIO 0.00 6.00000% 26,016,000.00 130,080.00 0.00 0.00 M1 14,309,000.00 2.~~53063~~55000% 14,309,000.00 2931,~~169~~420.8018 0.00 0.00 M2 13,008,000.00 3.~~21063~~23000% 13,008,000.00 3336,~~643~~180.1231 0.00 0.00 M3 7,805,000.00 3.~~66063~~68000% 7,805,000.00 2324,~~015~~733.7018 0.00 0.00 M4 3,252,000.00 3.~~96063~~98000% 3,252,000.00 1011,~~375~~145.5333 0.00 0.00 B 1,951,000.00 6.~~31063~~33000% 1,951,000.00 910,~~918~~634.0358 0.00 0.00 CE 1,301,376.21 0.00000% 1,~~301~~300,~~376~~806.2187 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 R5 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 Totals 260,161,376.21 ~~737~~754,~~931~~645.76 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 6559,~~533~~214.1347 0.00 2624,~~268~~010,~~894~~687.6284 A2 0.0001 0.00 ~~436~~451,~~196~~237.4570 0.00 189,463,000.00 AIO 0.00 0.00 130,080.00 0.00 26,016,000.00 M1 0.00 0.00 2931,~~169~~420.8018 0.00 14,309,000.00 M2 0.00 0.00 3336,~~643~~180.1231 0.00 13,008,000.00 M3 0.00 0.00 2324,~~015~~733.7018 0.00 7,805,000.00 M4 0.00 0.00 1011,~~375~~145.5333 0.00 3,252,000.00 B 0.00 0.00 910,~~918~~634.0358 0.00 1,951,000.00 CE 0.00 0.00 1,~~085~~047,~~646~~864.2389 0.00 1,300,806.87 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 R5 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 5653,~~894~~941.1235 0.00 0.00 Totals 0.0001 0.00 1,~~880~~856,~~472~~451.1199 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 29,072,000.00 2.70500% ~~1000~~903.~~00000000~~58057994 2.~~25416655~~03682134 0.00000000 0.00000000 A2 189,463,000.00 2.85800% 1000.00000000 2.~~30227775~~38166666 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 14,309,000.00 2.~~53063~~55000% 1000.00000000 2.~~03856314~~19583339 0.00000000 0.00000000 M2 13,008,000.00 3.~~21063~~23000% 1000.00000000 2.~~58634071~~78138915 0.00000000 0.00000000 M3 7,805,000.00 3.~~66063~~68000% 1000.00000000 23.~~94884049~~16888917 0.00000000 0.00000000 M4 3,252,000.00 3.~~96063~~98000% 1000.00000000 3.~~19050738~~42722325 0.00000000 0.00000000 B 1,951,000.00 6.~~31063~~33000% 1000.00000000 5.~~08356228~~45083547 0.00000000 0.00000000 CE 1,301,376.21 0.00000% ~~1000~~999.~~00000000~~56250929 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 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R5 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 (5) All Classes are per $1000.00 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 2.~~25416655~~03682134 0.00000000 ~~903~~825.~~58057994~~90423225 A2 0.~~00000000~~00000005 0.00000000 2.~~30227775~~38166661 0.00000000 1000.00000000 AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 2.~~03856314~~19583339 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~58634071~~78138915 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~94884049~~16888917 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~19050738~~42722325 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.~~08356228~~45083547 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~834~~805.~~22935017~~19751471 0.00000000 999.56250929 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 4,~~682~~219,839.2252 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 588,~~748~~485.7559 Realized Losses 0.00 Prepayment Penalties ~~56,894~~0.1200 Total Deposits 4,~~798~~228,~~482~~325.0911 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~114~~113,~~904~~666.6034 Payment of Interest and Principal 4,~~683~~114,~~577~~658.4977 Total Withdrawals (Pool Distribution Amount) 4,~~798~~228,~~482~~325.0911 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~108~~107,~~400~~232.5638 Certificate Admin Fee 2,~~710~~680.0182 Credit Risk Management Fee 3,~~794~~753.0314 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~114~~113,~~904~~666.6034

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 211 0 0 0 211 ~~112~~743,~~435~~175.6890 0.00 0.00 0.00 ~~112~~743,~~435~~175.6890 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 02 0 0 03 070,875.00 0121,556.0073 0.00 0.00 0192,431.0073 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 12 2 0 0 014 ~~2 112~~814,~~435~~050.6890 0121,556.0073 0.00 0.00 ~~112~~935,~~435~~607.6863 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.~~098961~~548628% 0.000000% 0.000000% 0.000000% 0.~~098961~~548628% 0.~~043664~~291165% 0.000000% 0.000000% 0.000000% 0.~~043664~~291165% 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~~049875% 0.~~000000~~099751% 0.000000% 0.000000% 0.~~000000~~149626% 0.~~000000~~027768% 0.~~000000~~047624% 0.000000% 0.000000% 0.~~000000~~075392% 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.~~098961~~598504% 0.~~000000~~099751% 0.000000% 0.000000% 0.~~098961~~698254% 0.~~043664~~318932% 0.~~000000~~047624% 0.000000% 0.000000% 0.~~043664~~366556%

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 211 0 0 0 211 ~~112~~743,~~435~~175.6890 0.00 0.00 0.00 ~~112~~743,~~435~~175.6890 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 02 0 0 03 070,875.00 0121,556.0073 0.00 0.00 0192,431.0073 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 12 2 0 0 014 ~~2 112~~814,~~435~~050.6890 0121,556.0073 0.00 0.00 ~~112~~935,~~435~~607.6863 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~131234~~727995% 0.000000% 0.000000% 0.000000% 0.~~131234~~727995% 0.~~057366~~382923% 0.000000% 0.000000% 0.000000% 0.~~057366~~382923% 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~~066181% 0.~~000000~~132363% 0.000000% 0.000000% 0.~~000000~~198544% 0.~~000000~~036519% 0.~~000000~~062632% 0.000000% 0.000000% 0.~~000000~~099151% 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.~~131234~~794176% 0.~~000000~~132363% 0.000000% 0.000000% 0.~~131234~~926539% 0.~~057366~~419442% 0.~~000000~~062632% 0.000000% 0.000000% 0.~~057366~~482074% 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 588,~~748~~485.7559

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~938667~~934694% Weighted Average Net Coupon 8.~~438667~~434694% Weighted Average Pass-Through Rate 8.~~408667~~404694% Weighted Average Maturity(Stepdown Calculation ) ~~337~~336 Beginning Scheduled Collateral Loan Count 2,~~038~~021 Number Of Loans Paid In Full 1716 Ending Scheduled Collateral Loan Count 2,~~021~~005 Beginning Scheduled Collateral Balance ~~260~~257,~~161~~357,~~376~~701.2250 Ending Scheduled Collateral Balance ~~257~~255,~~357~~099,~~701~~494.5072 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~257~~255,~~501~~242,~~693~~478.0979 Monthly P &I Constant 2,~~107~~085,~~362~~764.1567 Special Servicing Fee 0.00 Prepayment Penalties ~~56,894~~0.1200 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~257~~255,~~357~~099,~~701~~494.5072 Scheduled Principal 169,~~448~~587.9072 Unscheduled Principal 2,~~634~~088,~~225~~619.8406 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~569~~0.3600 Specified O/C Amount 1,300,806.88 Overcollateralized Amount 1,300,806.88 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,~~085~~047,~~646~~864.2389

Group Level Collateral Statement Group Group 1 ARM Loans Group 2 Fixed Loan Total Collateral Description 6 Month LIBOR ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 9.~~186395~~181619 8.~~147267~~147625 8.~~938667~~934694 Weighted Average Net Rate 8.~~686395~~681619 7.~~647267~~647625 8.~~438667~~434694 Weighted Average Maturity ~~337~~336 ~~337~~336 ~~337~~336 Beginning Loan Count 1,~~537~~524 ~~501~~497 2,~~038~~021 Loans Paid In Full 13 43 1716 Ending Loan Count 1,~~524~~511 ~~497~~494 2,~~021~~005 Beginning Scheduled Balance ~~198~~195,~~139~~898,~~008~~937.2820 6261,~~022~~458,~~367~~764.9630 ~~260~~257,~~161~~357,~~376~~701.2450 Ending scheduled Balance ~~195~~193,~~898~~982,~~937~~464.2033 61,~~458~~117,~~764~~030.3039 ~~257~~255,~~357~~099,~~701~~494.5072 Record Date 0910/3031/2002 0910/3031/2002 0910/3031/2002 Principal And Interest Constant 1,~~627~~609,~~085~~129.3442 ~~480~~476,~~276~~635.8125 2,~~107~~085,~~362~~764.1567 Scheduled Principal 110,~~266~~238.0728 59,~~182~~349.8344 169,~~448~~587.9072 Unscheduled Principal 21,~~129~~806,~~805~~234.0159 ~~504~~282,~~420~~384.8347 2,~~634~~088,~~225~~619.8406 Scheduled Interest 1,~~516~~498,~~819~~891.2714 ~~421~~417,~~093~~285.9881 1,~~937~~916,~~913~~176.2595 Servicing Fees 8281,~~557~~624.9257 25,~~842~~607.6481 ~~108~~107,~~400~~232.5638 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 4,~~953~~897.4850 1,~~550~~536.5646 6,~~504~~433.0496 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,~~429~~412,~~307~~369.8707 ~~393~~390,~~700~~141.7854 1,~~823~~802,~~008~~510.6561 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 8.~~656395~~651619 7.~~617267~~617625 8.~~408667~~404694

Filing Compare · ABFC MORTGAGE LOAN ASSET BACKED CERTIFICATES SERIES 2002 WF2