8-K 1 msc02op1.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 MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust (Exact name of registrant as specified in its charter) 52-2365726 New York (governing law of 333-83986-07 52-2365727 Pooling and Servicing Agreement) (Commission 52-7294448 (State or other File Number) IRS EIN jurisdiction of Incorporation) Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On November 25, 2002 a distribution was made to holders of MORGAN STANLEY DEAN WITTER CAPITAL I INC., Mortgage Pass-Through Certificates, Series 2002-OP1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-OP1 Trust, relating to the 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. MORGAN STANLEY DEAN WITTER CAPITAL I INC. Mortgage Pass-Through Certificates, Series 2002-OP1 Trust By: Wells Fargo Bank Minnesota, NA as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-OP1 Trust, relating to the November 25, 2002 distribution. EX-99.1

Morgan Stanley Capital I Inc. Mortgage Pass-Through Certificates Record Date: ~~9/30/02~~ 10/2531/02 Distribution Date: 11/25/02 MSMC Series: 2002-OP1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 61746WTC4 SEN 2.~~13875~~15500% ~~232~~230,~~964~~955,~~842~~864.6079 ~~415~~428,~~211~~583.2852 2,~~008~~347,~~977~~785.8176 A2 61746WSX9 SEN 2.~~11375~~13000% ~~101~~100,~~843~~746,~~081~~292.8370 ~~179~~184,~~392~~785.3449 1,~~096~~048,~~789~~535.1365 M1 61746WSY7 SUB 2.~~56375~~58000% 27,905,000.00 5961,~~617~~995.8761 0.00 M2 61746WSZ4 SUB 3.~~16375~~18000% 21,704,000.00 5759,~~221~~432.6979 0.00 B1 61746WTA8 SUB 3.~~76375~~78000% 15,503,000.00 4850,~~624~~462.5127 0.00 B2 61746WTB6 SUB 4.~~16375~~18000% 4,134,000.00 14,~~344~~880.1210 0.00 X MSC02OP1X SEN 0.00000% 5,167,617.75 2,~~078~~030,~~783~~024.4493 0.00 P MSC02OP1P SEN 0.00000% 0.01 6473,~~505~~588.2265 0.00 R1 MSC2OP1R1 SEN 0.00000% 0.00 0.00 0.00 R2 MSC2OP1R2 SEN 0.00000% 0.00 0.00 0.00 Totals ~~409~~406,~~221~~115,~~542~~775.1925 2,~~917~~903,~~700~~753.4736 3,~~105~~396,~~766~~321.9441

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 ~~230~~228,~~955~~608,~~864~~079.7903 2,~~424~~776,~~189~~369.0928 0.00 A2 0.00 ~~100~~99,~~746~~697,~~292~~757.7005 1,~~276~~233,~~181~~321.4714 0.00 M1 0.00 27,905,000.00 5961,~~617~~995.8761 0.00 M2 0.00 21,704,000.00 5759,~~221~~432.6979 0.00 B1 0.00 15,503,000.00 4850,~~624~~462.5127 0.00 B2 0.00 4,134,000.00 14,~~344~~880.1210 0.00 X 0.00 5,167,617.75 2,~~078~~030,~~783~~024.4493 0.00 P 0.00 0.01 6473,~~505~~588.2265 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~406~~402,~~115~~719,~~775~~453.2584 6,~~023~~300,~~467~~074.4177 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 234,847,000.00 ~~232~~230,~~964~~955,~~842~~864.6079 0.00 2,~~008~~347,~~977~~785.8176 0.00 0.00 A2 104,148,000.00 ~~101~~100,~~843~~746,~~081~~292.8370 0.00 1,~~096~~048,~~789~~535.1365 0.00 0.00 M1 27,905,000.00 27,905,000.00 0.00 0.00 0.00 0.00 M2 21,704,000.00 21,704,000.00 0.00 0.00 0.00 0.00 B1 15,503,000.00 15,503,000.00 0.00 0.00 0.00 0.00 B2 4,134,000.00 4,134,000.00 0.00 0.00 0.00 0.00 X 5,168,421.00 5,167,617.75 0.00 0.00 0.00 0.00 P 0.00 0.01 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 413,409,421.00 ~~409~~406,~~221~~115,~~542~~775.1925 0.00 3,~~105~~396,~~766~~321.9441 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,~~008~~347,~~977~~785.8176 ~~230~~228,~~955~~608,~~864~~079.7903 0.~~98343119~~97343410 2,~~008~~347,~~977~~785.8176 A2 1,~~096~~048,~~789~~535.1365 ~~100~~99,~~746~~697,~~292~~757.7005 0.~~96733776~~95727001 1,~~096~~048,~~789~~535.1365 M1 0.00 27,905,000.00 1.00000000 0.00 M2 0.00 21,704,000.00 1.00000000 0.00 B1 0.00 15,503,000.00 1.00000000 0.00 B2 0.00 4,134,000.00 1.00000000 0.00 X 0.00 5,167,617.75 0.99984459 0.00 P 0.00 0.01 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals 3,~~105~~396,~~766~~321.9441 ~~406~~402,~~115~~719,~~775~~453.2584 0.~~98235733~~97414194 3,~~105~~396,~~766~~321.9441

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 234,847,000.00 ~~991~~983.~~98560169~~43119048 0.00000000 89.~~55441121~~99708644 0.00000000 A2 104,148,000.00 ~~977~~967.~~86881966~~33775685 0.00000000 10.~~53106281~~06774638 0.00000000 M1 27,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 21,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 15,503,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 4,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,168,421.00 999.84458503 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 89.~~55441121~~99708644 ~~983~~973.~~43119048~~43410403 0.~~98343119~~97343410 89.~~55441121~~99708644 A2 0.00000000 10.~~53106281~~06774638 ~~967~~957.~~33775685~~27001047 0.~~96733776~~95727001 10.~~53106281~~06774638 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.84458503 0.99984459 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 234,847,000.00 2.~~13875~~15500% ~~232~~230,~~964~~955,~~842~~864.6079 ~~415~~428,~~211~~583.3052 0.00 0.00 A2 104,148,000.00 2.~~11375~~13000% ~~101~~100,~~843~~746,~~081~~292.8370 ~~179~~184,~~392~~785.3549 0.00 0.00 M1 27,905,000.00 2.~~56375~~58000% 27,905,000.00 5961,~~617~~995.8761 0.00 0.00 M2 21,704,000.00 3.~~16375~~18000% 21,704,000.00 5759,~~221~~432.6979 0.00 0.00 B1 15,503,000.00 3.~~76375~~78000% 15,503,000.00 4850,~~624~~462.5127 0.00 0.00 B2 4,134,000.00 4.~~16375~~18000% 4,134,000.00 14,~~344~~880.1210 0.00 0.00 X 5,168,421.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.01 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 Totals 413,409,421.00 ~~774~~800,~~411~~139.8478 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 ~~415~~428,~~211~~583.2852 0.00 ~~230~~228,~~955~~608,~~864~~079.7903 A2 0.00 0.00 ~~179~~184,~~392~~785.3449 0.00 ~~100~~99,~~746~~697,~~292~~757.7005 M1 0.00 0.00 5961,~~617~~995.8761 0.00 27,905,000.00 M2 0.00 0.00 5759,~~221~~432.6979 0.00 21,704,000.00 B1 0.00 0.00 4850,~~624~~462.5127 0.00 15,503,000.00 B2 0.00 0.00 14,~~344~~880.1210 0.00 4,134,000.00 X 0.00 0.00 2,~~078~~030,~~783~~024.4493 0.00 0.00 P 0.00 0.00 6473,~~505~~588.2265 0.00 0.01 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~917~~903,~~700~~753.4736 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 234,847,000.00 2.~~13875~~15500% ~~991~~983.~~98560169~~43119048 1.~~76800768~~82494782 0.00000000 0.00000000 A2 104,148,000.00 2.~~11375~~13000% ~~977~~967.~~86881966~~33775685 1.~~72247523~~77425865 0.00000000 0.00000000 M1 27,905,000.00 2.~~56375~~58000% 1000.00000000 2.~~13645834~~22166673 0.00000000 0.00000000 M2 21,704,000.00 3.~~16375~~18000% 1000.00000000 2.~~63645826~~73833349 0.00000000 0.00000000 B1 15,503,000.00 3.~~76375~~78000% 1000.00000000 3.~~13645810~~25500032 0.00000000 0.00000000 B2 4,134,000.00 4.~~16375~~18000% 1000.00000000 3.~~46979197~~59944364 0.00000000 0.00000000 X 5,168,421.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 1.~~76800760~~82494782 0.00000000 ~~983~~973.~~43119048~~43410403 A2 0.00000000 0.00000000 1.~~72247513~~77425865 0.00000000 ~~967~~957.~~33775685~~27001047 M1 0.00000000 0.00000000 2.~~13645834~~22166673 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~63645826~~73833349 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~13645810~~25500032 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~46979197~~59944364 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~402~~392.~~20861265~~77468496 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,~~131~~397,~~176~~393.2618 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 6473,~~505~~588.2265 Total Deposits 6,~~195~~470,~~681~~981.4883 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~172~~170,~~214~~907.0706 Payment of Interest and Principal 6,~~023~~300,~~467~~074.4177 Total Withdrawals (Pool Distribution Amount) 6,~~195~~470,~~681~~981.4883 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~170~~169,~~509~~214.0091 Trustee Fee Wells Fargo Bank, N.A. 1,~~705~~692.0715 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~172~~170,~~214~~907.0706

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 35 0 0 35 ~~402~~724,~~621~~757.0519 0.00 0.00 ~~402~~724,~~621~~757.0519 30 Days 2933 0 1 0 034 ~~30 4~~3,~~312~~447,~~884~~984.2516 ~~169,511.89~~ 0.00 83,119.21 0.00 43,~~482~~531,~~396~~103.1437 60 Days 52 01 1614 0 2117 1610,~~523,284~~864.4695 0169,511.0089 12,~~855~~203,~~830~~444.9164 0.00 32,~~379~~983,~~115~~821.3748 90 Days 02 0 015 0 017 0899,510.00 0.00 01,839,485.0088 0.00 02,738,995.0088 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 3437 46 1630 0 5473 54,~~836~~958,~~168~~359.7111 ~~572~~894,~~132~~269.9408 14,~~855~~126,~~830~~049.9173 0.00 89,~~264~~978,~~132~~677.5692 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.~~105746~~177557% 0.000000% 0.000000% 0.~~105746~~177557% 0.~~099139~~179966% 0.000000% 0.000000% 0.~~099139~~179966% 30 Days 1.~~022207~~171875% 0.~~035249~~000000% 0.~~000000~~035511% 0.000000% 1.~~057455~~207386% 10.~~061984~~856175% 0.~~041740~~000000% 0.~~000000~~020639% 0.000000% 10.~~103724~~876815% 60 Days 0.~~176243~~071023% 0.~~000000~~035511% 0.~~563976~~497159% 0.000000% 0.~~740219~~603693% 0.~~375086~~151685% 0.~~000000~~042092% 0.~~456971~~547141% 0.000000% 0.~~832057~~740918% 90 Days 0.~~000000~~071023% 0.000000% 0.~~000000~~532670% 0.000000% 0.~~000000~~603693% 0.~~000000~~223359% 0.000000% 0.~~000000~~456766% 0.000000% 0.~~000000~~680125% 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.~~198449~~313920% 0.~~140994~~213068% 01.~~563976~~065341% 0.000000% 12.~~903419~~592330% 1.~~437070~~231219% 0.~~140879~~222058% 01.~~456971~~024547% 0.000000% 2.~~034920~~477824%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~871701~~867634% Weighted Average Net Coupon 8.~~371701~~367634% Weighted Average Pass-Through Rate 8.~~366701~~362634% Weighted Average Maturity(Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count 2,~~856~~837 Number Of Loans Paid In Full 1921 Ending Scheduled Collateral Loan Count 2,~~837~~816 Beginning Scheduled Collateral Balance ~~409~~406,~~221~~115,~~542~~775.1925 Ending Scheduled Collateral Balance ~~406~~402,~~115~~719,~~775~~453.2584 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~406~~402,~~115~~719,~~775~~453.2584 Monthly P &I Constant 3,~~318~~264,~~700~~614.9939 Special Servicing Fee 0.00 Prepayment Penalties 6473,~~505~~588.2265 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~406~~402,~~115~~719,~~775~~453.2584 Scheduled Principal ~~293~~263,~~291~~542.63 Unscheduled Principal 23,~~812~~132,~~475~~778.3178 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,167,617.76 Overcollateralized Amount 5,167,617.76 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 0.00

Group Level Collateral Statement Group Group 1 Arm Loans Group 2 Fixed Loan Group 3 Arm Loans Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 98.~~002581~~999710 8.~~863550~~866505 8.~~564400~~564543 Weighted Average Net Rate 8.~~502581~~499710 8.~~363550~~366505 8.~~064400~~064542 Weighted Average Maturity ~~348~~347 ~~348~~347 ~~348~~347 Beginning Loan Count 1,~~748~~737 ~~553~~548 362 Loans Paid In Full 1114 51 02 Ending Loan Count 1,~~737~~723 ~~548~~547 ~~362~~360 Beginning Scheduled Balance ~~228~~226,~~020~~433,~~551~~676.5800 56,~~496~~074,~~444~~342.7249 89,~~307~~247,~~850~~454.5630 Ending scheduled Balance ~~226~~224,~~433~~341,~~676~~208.0075 5655,~~074~~819,~~342~~023.4998 8988,~~247~~505,~~454~~939.3028 Record Date 0910/3031/2002 0910/3031/2002 0910/3031/2002 Principal And Interest Constant 1,~~860~~828,~~203~~954.1390 ~~471~~462,~~926~~768.0405 ~~697~~694,~~786~~108.4200 Scheduled Principal ~~149~~130,~~558~~757.5903 5448,~~626~~448.8153 6057,~~396~~138.2631 Unscheduled Principal 1,~~437~~961,~~316~~710.9922 ~~367~~206,~~475~~869.4298 0684,376.0071 Scheduled Interest 1,~~710~~698,~~644~~197.5487 ~~417~~414,~~299~~319.2352 ~~637~~636,~~390~~969.1669 Servicing Fees 9594,~~008~~347.5637 23,~~540~~364.2030 37,~~211~~186.6145 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~950~~943.0847 ~~235~~233.4164 ~~372~~371.1086 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~614~~602,~~685~~907.9003 ~~393~~390,~~523~~721.6258 599,~~806~~411.4538 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 6473,~~505~~588.2265 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.~~497581~~494710 8.~~358550~~361505 8.~~059400~~059543

Group Level Collateral Statement Group Group 4 Fixed Loan Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~816939~~786349 8.~~871701~~867634 Weighted Average Net Rate 8.~~316939~~286349 8.~~371701~~367634 Weighted Average Maturity ~~348~~347 ~~348~~347 Beginning Loan Count ~~193~~190 2,~~856~~837 Loans Paid In Full 34 1921 Ending Loan Count ~~190~~186 2,~~837~~816 Beginning Scheduled Balance 3534,~~396~~360,~~695~~302.3346 ~~409~~406,~~221~~115,~~542~~775.1925 Ending scheduled Balance 34,~~360~~053,~~302~~281.4683 ~~406~~402,~~115~~719,~~775~~453.2584 Record Date 0910/3031/2002 0910/3031/2002 Principal And Interest Constant ~~288~~278,~~785~~783.4044 3,~~318~~264,~~700~~614.9939 Scheduled Principal 2827,~~709~~198.9776 ~~293~~263,~~291~~542.63 Unscheduled Principal 1279,~~007,682~~821.9087 23,~~812~~132,~~475~~778.3178 Scheduled Interest ~~260~~251,~~075~~584.4368 3,~~025~~001,~~409~~071.3676 Servicing Fees 14,~~748~~316.6379 ~~170~~169,~~509~~214.0091 Master Servicing Fees 0.00 0.00 Trustee Fee ~~147~~143.4818 1,~~705~~692.0715 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest ~~245~~237,~~179~~124.3271 2,~~853~~830,~~195~~164.2970 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 6473,~~505~~588.2265 Special Servicing Fee 0.00 0.00 Pass-Through Rate 8.~~311939~~281349 8.~~366701~~362634

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-OP1