8-K 1 mam02002.txt DECEMBER 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): December 26, 2002 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-05 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 December 26, 2002 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2002-2 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 2002-2 Trust, relating to the December 26, 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 2002-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 1/9/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the December 26, 2002 distribution. EX-99.1

Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 MARM Series: 2002-12 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 ~~576433AJ5~~576433AV8 SEN 56.~~86713~~03774% 6682,~~565~~276,~~745~~511.86 ~~325~~413,~~457~~739.9931 910,~~430~~994,~~702~~327.2071 A-R 576433BA3 RES 6.06525% 0.00 0.00 0.00 A-2 ~~576433AK2~~576433AW6 SEN 5.~~30000~~90021% 3283,~~713~~341,~~333~~023.7930 ~~144~~409,~~483~~540.8965 47,~~634~~870,~~661~~522.6497 A-3 ~~576433AL0~~576433AX4 SEN 05.~~56713~~95275% 034,930,366.0095 15173,~~460~~178.4765 02,432,150.0094 A-R4 ~~576433AM8~~576433AY2 ~~RES~~SEN 5.~~89855~~22907% 034,319,967.0071 0149,454.0090 0770,551.0051 A-LR5 ~~576433AN6~~576433AZ9 ~~RES~~SEN 5.~~89855~~61400% 038,599,632.0069 0180,473.0064 06,279,172.0086 B-1 ~~576433AP1~~576433BB1 SUB 5.~~86713~~81835% 16,~~551~~577,~~396~~104.4845 731,~~585~~871.2046 16,~~633~~753.1176 B-2 ~~576433AQ9~~576433BC9 SUB 5.~~86713~~81835% 12,~~163~~193,~~547~~030.3690 510,~~688~~627.9003 12,~~224~~251.8393 B-3 ~~576433AR7~~576433BD7 SUB 5.~~86713~~81835% 1,~~008~~753,~~804~~629.4942 48,~~932~~497.3277 1,~~061~~800.9473 B-4 ~~576433AS5~~576433BE5 SUB 5.~~86713~~81835% ~~310~~876,~~477~~814.6871 14,~~518~~248.0189 ~~326~~900.8337 B-5 ~~576433AT3~~576433BF2 SUB 5.~~86713~~81835% ~~154~~876,~~742~~814.8771 ~~756~~4,248.5889 ~~162~~900.8937 B-6 ~~576433AU0~~576433BG0 SUB 5.~~86713~~81835% ~~466~~877,~~635~~497.7460 24,~~281~~252.5120 ~~491~~901.2107 Totals ~~103~~286,~~934~~622,~~684~~394.2730 ~~508~~1,~~164~~390,133.8739 1428,~~070~~360,~~264~~234.6522

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 5771,~~135~~282,~~043~~184.6615 911,~~756~~408,~~160~~067.1902 0.00 A-R 0.00 0.00 0.00 0.00 A-2 0.00 2875,~~078~~470,~~672~~500.1532 48,~~779~~280,~~145~~063.5362 0.00 A-3 0.00 032,498,216.0001 152,~~460~~605,329.4759 0.00 A-R4 0.00 033,549,416.0020 0920,006.0041 0.00 A-LR5 0.00 032,320,459.0083 06,459,646.0050 0.00 B-1 0.00 16,~~549~~570,~~763~~350.3769 938,~~218~~625.3122 0.00 B-2 0.00 12,~~162~~190,~~322~~778.5396 612,~~913~~878.7396 0.00 B-3 0.00 1,~~007~~751,~~742~~828.5569 510,~~994~~298.2650 0.00 B-4 0.00 ~~310~~875,~~150~~914.8535 15,~~844~~149.8426 0.00 B-5 0.00 ~~154~~875,~~579~~914.9835 ~~919~~5,149.4726 0.00 B-6 0.00 ~~466~~876,~~144~~596.53 25,~~772~~153.7227 0.00 Totals 0.00 89258,~~864~~262,~~419~~160.6208 1429,~~578~~750,~~429~~367.5261 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 ~~101~~139,~~741~~777,000.00 6682,~~565~~276,~~745~~511.86 7073,~~071~~066.8554 910,~~360~~921,~~630~~261.3517 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 50118,~~000~~094,000.00 3283,~~713~~341,~~333~~023.7930 3488,~~436~~214.3909 47,~~600~~782,~~225~~308.2588 0.00 0.00 A-3 040,144,000.00 034,930,366.0095 037,346.0007 02,394,804.0087 0.00 0.00 A-R4 50,044,000.00 034,319,967.0071 040,821.0011 0729,730.0040 0.00 0.00 A-LR5 5079,743,000.00 038,599,632.0069 042,472.0003 06,236,700.0083 0.00 0.00 B-1 16,~~564~~616,000.00 16,~~551~~577,~~396~~104.4845 16,~~633~~753.1176 0.00 0.00 0.00 B-2 12,~~173~~206,000.00 12,~~163~~193,~~547~~030.3690 12,~~224~~251.8393 0.00 0.00 0.00 B-3 1,~~017~~764,000.00 1,~~008~~753,~~804~~629.4942 1,~~061~~800.9473 0.00 0.00 0.00 B-4 ~~313~~882,000.00 ~~310~~876,~~477~~814.6871 ~~326~~900.8337 0.00 0.00 0.00 B-5 ~~156~~882,000.00 ~~154~~876,~~742~~814.8771 ~~162~~900.8937 0.00 0.00 0.00 B-6 ~~470~~882,~~426~~686.6891 ~~466~~877,~~635~~497.7460 ~~491~~901.2107 0.00 0.00 0.00 Totals ~~156~~441,~~434~~034,~~526~~786.6891 ~~103~~286,~~934~~622,~~684~~394.2730 ~~109~~295,~~409~~428.0507 1328,~~960~~064,~~855~~806.6015 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-1 910,~~430~~994,~~702~~327.2071 5771,~~135~~282,~~043~~184.6615 0.~~56157344~~50997077 910,~~430~~994,~~702~~327.2071 A-R 0.00 0.00 0.00000000 0.00 A-2 47,~~634~~870,~~661~~522.6497 2875,~~078~~470,~~672~~500.1532 0.~~56157344~~63907142 47,~~634~~870,~~661~~522.6497 A-3 02,432,150.0094 032,498,216.0001 0.~~00000000~~80954105 02,432,150.0094 A-R4 0770,551.0051 033,549,416.0020 0.~~00000000~~67039837 0770,551.0051 A-LR5 06,279,172.0086 032,320,459.0083 0.~~00000000~~40530780 06,279,172.0086 B-1 16,~~633~~753.1176 16,~~549~~570,~~763~~350.3769 0.~~99089730~~99310016 16,~~633~~753.1176 B-2 12,~~224~~251.8393 12,~~162~~190,~~322~~778.5396 0.~~99089730~~99310016 12,~~224~~251.8393 B-3 1,~~061~~800.9473 1,~~007~~751,~~742~~828.5569 0.~~99089730~~99310016 1,~~061~~800.9473 B-4 ~~326~~900.8337 ~~310~~875,~~150~~914.8535 0.~~99089728~~99310017 ~~326~~900.8337 B-5 ~~162~~900.8937 ~~154~~875,~~579~~914.9835 0.~~99089731~~99310017 ~~162~~900.8937 B-6 ~~491~~901.2107 ~~466~~876,~~144~~596.53 0.~~99089731~~99310018 ~~491~~901.2107 Totals 1428,~~070~~360,~~264~~234.6522 89258,~~864~~262,~~419~~160.6208 0.~~57445387~~58558229 1428,~~070~~360,~~264~~234.6522

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 ~~101~~139,~~741~~777,000.00 ~~654~~588.~~26667577~~62696910 0.~~68872775~~52273650 9278.~~00450507~~13346380 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 50118,~~000~~094,000.00 ~~654~~705.~~26667580~~71767660 0.~~68872780~~74698198 9265.~~00450500~~89927414 0.00000000 A-3 040,144,000.00 0870.~~00000000~~12671757 0.~~00000000~~93030266 059.~~00000000~~65536245 0.00000000 A-R4 50,044,000.00 0685.~~00000000~~79585385 0.~~00000000~~81570438 014.~~00000000~~58177604 0.00000000 A-LR5 5079,743,000.00 0484.~~00000000~~05042060 0.~~00000000~~53261139 078.~~00000000~~21001003 0.00000000 B-1 16,~~564~~616,000.00 ~~991~~994.~~94148338~~12098700 1.~~04418798~~02082225 0.00000000 0.00000000 B-2 12,~~173~~206,000.00 ~~991~~994.~~94148338~~12098821 1.~~04418585~~02082049 0.00000000 0.00000000 B-3 1,~~017~~764,000.00 ~~991~~994.~~94148476~~12098639 1.~~04418879~~02082200 0.00000000 0.00000000 B-4 ~~313~~882,000.00 ~~991~~994.~~94146965~~12098639 1.~~04418530~~02082766 0.00000000 0.00000000 B-5 ~~156~~882,000.00 ~~991~~994.~~94147436~~12098639 1.~~04416667~~02082766 0.00000000 0.00000000 B-6 ~~470~~882,~~426~~686.6891 ~~991~~994.~~94148597~~12100719 1.~~04417972~~02082629 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 9278.~~69323282~~65620030 ~~561~~509.~~57344296~~97076880 0.~~56157344~~50997077 9278.~~69323282~~65620030 A-2R 0.00000000 920.~~69323280~~00000000 ~~561~~0.~~57344300~~00000000 0.~~56157344~~00000000 920.~~69323280~~00000000 A-32 0.00000000 066.~~00000000~~64625612 0639.~~00000000~~07142039 0.~~00000000~~63907142 066.~~00000000~~64625612 A-R3 0.00000000 060.~~00000000~~58566511 0809.~~00000000~~54105246 0.~~00000000~~80954105 060.~~00000000~~58566511 A-LR4 0.00000000 015.~~00000000~~39748042 670.39837343 0.~~00000000~~67039837 15.39748042 A-5 0.00000000 78.74262142 405.30779918 0.~~00000000~~40530780 78.74262142 B-1 0.00000000 1.~~04418798~~02082225 ~~990~~993.~~89729540~~10016475 0.~~99089730~~99310016 1.~~04418798~~02082225 B-2 0.00000000 1.~~04418585~~02082049 ~~990~~993.~~89729753~~10016319 0.~~99089730~~99310016 1.~~04418585~~02082049 B-3 0.00000000 1.~~04418879~~02082200 ~~990~~993.~~89729597~~10016440 0.~~99089730~~99310016 1.~~04418879~~02082200 B-4 0.00000000 1.~~04418530~~02082766 ~~990~~993.~~89728435~~10017007 0.~~99089728~~99310017 1.~~04418530~~02082766 B-5 0.00000000 1.~~04416667~~02082766 ~~990~~993.~~89730769~~10017007 0.~~99089731~~99310017 1.~~04416667~~02082766 B-6 0.00000000 1.~~04417972~~02082629 ~~990~~993.~~89730625~~10018090 0.~~99089731~~99310018 1.~~04417972~~02082629 (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 ~~101~~139,~~741~~777,000.00 56.~~86713~~03774% 6682,~~565~~276,~~745~~511.86 ~~325~~413,~~457~~969.9998 0.00 0.00 A-R 100.00 6.06525% 0.00 0.00 0.00 0.00 A-2 50118,~~000~~094,000.00 5.~~30000~~90021% 3283,~~713~~341,~~333~~023.7930 ~~144~~409,~~483~~774.8930 0.00 0.00 A-3 040,144,000.00 05.~~56713~~95275% 3234,~~713~~930,~~333~~366.7995 15173,~~460~~276.4758 0.00 0.00 A-R4 50,044,000.00 5.~~89855~~22907% 034,319,967.0071 0149,551.0012 0.00 0.00 A-LR5 5079,743,000.00 5.~~89855~~61400% 038,599,632.0069 0180,581.0086 0.00 0.00 B-1 16,~~564~~616,000.00 5.~~86713~~81835% 16,~~551~~577,~~396~~104.4845 731,~~585~~889.2090 0.00 0.00 B-2 12,~~173~~206,000.00 5.~~86713~~81835% 12,~~163~~193,~~547~~030.3690 510,~~688~~633.9018 0.00 0.00 B-3 1,~~017~~764,000.00 5.~~86713~~81835% 1,~~008~~753,~~804~~629.4942 48,~~932~~502.3269 0.00 0.00 B-4 ~~313~~882,000.00 5.~~86713~~81835% ~~310~~876,~~477~~814.6871 14,~~518~~251.0134 0.00 0.00 B-5 ~~156~~882,000.00 5.~~86713~~81835% ~~154~~876,~~742~~814.8771 ~~756~~4,251.5834 0.00 0.00 B-6 ~~470~~882,~~426~~686.6891 5.~~86713~~81835% ~~466~~877,~~635~~497.7460 24,~~281~~254.5166 0.00 0.00 Totals ~~156~~441,~~434~~034,~~526~~786.6891 ~~508~~1,~~164~~390,936.8795 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 0230.0067 0.00 ~~325~~413,~~457~~739.9931 0.00 5771,~~135~~282,~~043~~184.6615 A-2R 0.00 0.00 ~~144,483~~0.8900 0.00 ~~28,078,672~~0.1500 A-32 0233.0065 0.00 15409,~~460~~540.4765 0.00 2875,~~078~~470,~~672~~500.1532 A-R3 097.0093 0.00 0173,178.0065 0.00 032,498,216.0001 A-LR4 096.0022 0.00 149,454.90 0.00 33,549,416.20 A-5 108.22 0.00 180,473.64 0.00 32,320,459.83 B-1 018.0044 0.00 731,~~585~~871.2046 0.00 16,~~549~~570,~~763~~350.3769 B-2 06.0015 0.00 510,~~688~~627.9003 0.00 12,~~162~~190,~~322~~778.5396 B-3 04.0092 0.00 48,~~932~~497.3277 0.00 1,~~007~~751,~~742~~828.5569 B-4 02.0046 0.00 14,~~518~~248.0189 0.00 ~~310~~875,~~150~~914.8535 B-5 02.0046 0.00 ~~756~~4,248.5889 0.00 ~~154~~875,~~579~~914.9835 B-6 02.0046 0.00 24,~~281~~252.5120 0.00 ~~466~~876,~~144~~596.53 Totals 0803.0058 0.00 ~~508~~1,~~164~~390,133.8739 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 ~~101~~139,~~741~~777,000.00 56.~~86713~~03774% ~~654~~588.~~26667577~~62696910 32.~~19888727~~96164591 0.00000000 0.00000000 A-R 100.00 6.06525% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 50118,~~000~~094,000.00 5.~~30000~~90021% ~~654~~705.~~26667580~~71767660 23.~~88967780~~46989940 0.00000000 0.00000000 A-3 040,144,000.00 05.~~56713~~95275% ~~654~~870.~~26667580~~12671757 04.~~30920940~~31637555 0.00000000 0.00000000 A-R4 50,044,000.00 5.~~89855~~22907% 0685.~~00000000~~79585385 02.~~00000000~~98839261 0.00000000 0.00000000 A-LR5 5079,743,000.00 5.~~89855~~61400% 0484.~~00000000~~05042060 02.~~00000000~~26454811 0.00000000 0.00000000 B-1 16,~~564~~616,000.00 5.~~86713~~81835% ~~991~~994.~~94148338~~12098700 4.~~84987212~~82011790 0.00000000 0.00000000 B-2 12,~~173~~206,000.00 5.~~86713~~81835% ~~991~~994.~~94148338~~12098821 4.~~84987212~~82011786 0.00000000 0.00000000 B-3 1,~~017~~764,000.00 5.~~86713~~81835% ~~991~~994.~~94148476~~12098639 4.~~84987217~~82011905 0.00000000 0.00000000 B-4 ~~313~~882,000.00 5.~~86713~~81835% ~~991~~994.~~94146965~~12098639 4.~~84987220~~82011338 0.00000000 0.00000000 B-5 ~~156~~882,000.00 5.~~86713~~81835% ~~991~~994.~~94147436~~12098639 4.~~84987179~~82011338 0.00000000 0.00000000 B-6 ~~470~~882,~~426~~686.6891 5.~~86713~~81835% ~~991~~994.~~94148597~~12100719 4.~~84987374~~82012359 0.00000000 0.00000000 (5) ~~All~~Per ~~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~~00165027 0.00000000 32.~~19888727~~95999564 0.00000000 ~~561~~509.~~57344296~~97076880 A-2R 0.00000000 0.00000000 20.~~88967780~~00000000 0.00000000 ~~561~~0.~~57344300~~00000000 A-32 0.~~00000000~~00197851 0.00000000 03.~~30920940~~46792089 0.00000000 ~~561~~639.~~57344300~~07142039 A-R3 0.~~00000000~~00243947 0.00000000 04.~~00000000~~31393608 0.00000000 0809.~~00000000~~54105246 A-LR4 0.~~00000000~~00192271 0.00000000 2.98646991 0.00000000 670.39837343 A-5 0.00135711 0.00000000 2.26319100 0.00000000 405.30779918 B-1 0.~~00000000~~00278718 0.00000000 4.~~84987212~~81733071 0.00000000 ~~990~~993.~~89729540~~10016475 B-2 0.~~00000000~~00278785 0.00000000 4.~~84987212~~81733001 0.00000000 ~~990~~993.~~89729753~~10016319 B-3 0.~~00000000~~00278912 0.00000000 4.~~84987217~~81732993 0.00000000 ~~990~~993.~~89729597~~10016440 B-4 0.~~00000000~~00278912 0.00000000 4.~~84987220~~81733560 0.00000000 ~~990~~993.~~89728435~~10017007 B-5 0.~~00000000~~00278912 0.00000000 4.~~84987179~~81733560 0.00000000 ~~990~~993.~~89730769~~10017007 B-6 0.~~00000000~~00278695 0.00000000 4.~~84987374~~81733665 0.00000000 ~~990~~993.~~89730625~~10018090 (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 1429,~~598~~802,~~442~~519.5282 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 415,~~783~~808.1744 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 1429,~~603~~818,~~225~~328.6926 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 2467,~~796~~960.1765 Payment of Interest and Principal 1429,~~578~~750,~~429~~367.5261 Total Withdrawals (Pool Distribution Amount) 1429,~~603~~818,~~225~~328.6926 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0803.0056 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0803.0058

SERVICING FEES Gross Servicing Fee 2267,~~414~~960.3465 Master Servicing Fee ~~2,381~~0.8300 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2467,~~796~~960.1765

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 25 0 0 0 25 ~~810~~2,~~372~~042,896.5897 0.00 0.00 0.00 ~~810~~2,~~372~~042,896.5897 60 Days 02 0 0 0 02 0718,607.0076 0.00 0.00 0.00 0718,607.0076 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 27 0 0 0 27 ~~810~~2,~~372~~761,504.5873 0.00 0.00 0.00 ~~810~~2,~~372~~761,504.5873 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.~~925926~~758725% 0.000000% 0.000000% 0.000000% 0.~~925926~~758725% 0.~~901024~~790334% 0.000000% 0.000000% 0.000000% 0.~~901024~~790334% 60 Days 0.~~000000~~303490% 0.000000% 0.000000% 0.000000% 0.~~000000~~303490% 0.~~000000~~278007% 0.000000% 0.000000% 0.000000% 0.~~000000~~278007% 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 01.~~925926~~062215% 0.000000% 0.000000% 0.000000% 01.~~925926~~062215% 01.~~901024~~068342% 0.000000% 0.000000% 0.000000% 01.~~901024~~068342%

~~OTHER~~Delinquency ~~INFORMATION~~Status ~~Current~~By ~~Period~~Groups ~~Class~~DELINQUENT ABANKRUPTCY ~~Insufficient~~FORECLOSURE ~~Funds~~REO 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 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 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 4 0 0 0 4 1,717,286.41 0.00 0.00 0.00 1,717,286.41 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 4 0 0 0 4 1,717,286.41 0.00 0.00 0.00 1,717,286.41 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.724138% 0.000000% 0.000000% 0.000000% 1.724138% 2.169044% 0.000000% 0.000000% 0.000000% 2.169044% 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 1.724138% 0.000000% 0.000000% 0.000000% 1.724138% 2.169044% 0.000000% 0.000000% 0.000000% 2.169044% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of ~~Contaminated~~Loans ~~Properties~~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 ~~Periodic~~0.00 ~~Advance~~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 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 1 0 0 0 1 325,~~783~~610.1756 0.00 0.00 0.00 325,610.56 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 1 325,610.56 0.00 0.00 0.00 325,610.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.351351% 0.000000% 0.000000% 0.000000% 1.351351% 0.927212% 0.000000% 0.000000% 0.000000% 0.927212% 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 1.351351% 0.000000% 0.000000% 0.000000% 1.351351% 0.927212% 0.000000% 0.000000% 0.000000% 0.927212% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 2 0 0 0 2 718,607.76 0.00 0.00 0.00 718,607.76 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 2 0 0 0 2 718,607.76 0.00 0.00 0.00 718,607.76 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 1.941748% 0.000000% 0.000000% 0.000000% 1.941748% 2.064888% 0.000000% 0.000000% 0.000000% 2.064888% 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 1.941748% 0.000000% 0.000000% 0.000000% 1.941748% 2.064888% 0.000000% 0.000000% 0.000000% 2.064888%

~~CREDIT~~OTHER ~~ENHANCEMENT~~INFORMATION ~~Original $ Original %~~ Current $Period ~~Current~~Class %A ~~Bankruptcy~~Insufficient ~~100,000.00~~Funds 0.~~06392451% 100,000.~~00 ~~0.11127875%~~Principal ~~Fraud~~Balance ~~3,135,218.64~~of ~~2.00417306%~~Contaminated ~~3,135,218.64~~Properties 30.~~48883201%~~00 ~~Special~~Periodic ~~Hazard~~Advance 315,~~354,233~~808.~~00 2.14417691% 3,354,233.00 3.73254845% Limit of Subordinate's Exposure to Certain Types of Losses~~44

~~COLLATERAL~~CREDIT ~~STATEMENT~~ENHANCEMENT ~~Collateral~~Original ~~Description~~$ ~~Mixed~~Original ~~ARM~~% ~~Weighted~~Current ~~Average~~$ ~~Gross~~Current ~~Coupon 6.153415~~% ~~Weighted~~Bankruptcy ~~Average~~100,000.00 ~~Net Coupon 5~~0.~~894626~~02267395% ~~Weighted~~100,000.00 ~~Average Pass-Through Rate 5~~0.~~867126~~03872035% ~~Weighted~~Fraud Average 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 1037,~~934~~683,~~684~~932.2700 ~~Ending Scheduled Collateral Balance 89,864,419~~1.6174225078% ~~Ending Actual Collateral Balance at 31-Oct-2002 89~~8,~~939~~820,~~097~~696.9600 ~~Monthly P &I Constant 642,370~~3.1241540394% Special ~~Servicing~~Hazard ~~Fee 0~~8,820,696.00 ~~Prepayment Penalties 0~~2.0000000006% ~~Realized Loss Amount 0~~7,683,932.00 ~~Cumulative Realized Loss 0~~2.0097524500% ~~Ending~~Limit ~~Scheduled~~of ~~Balance~~Subordinate's ~~for~~Exposure ~~Premium~~to ~~Loans~~Certain ~~89,864,419.61~~Types ~~Scheduled~~of ~~Principal 109,409.06 Unscheduled Principal 13,960,855.60~~Losses

~~Miscellaneous~~COLLATERAL ~~Reporting~~STATEMENT ~~Senior~~Collateral ~~Percentage~~Description 95Mixed ARM Weighted Average Gross Coupon 6.~~520644~~107957% ~~Senior~~Weighted ~~Prepayment~~Average ~~Percentage~~Net ~~100~~Coupon 5.~~000000~~823426% ~~Junior~~Weighted ~~Percentage~~Average 4Pass-Through Rate 5.~~479356~~823426% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 725 Number Of Loans Paid In Full 66 Ending Scheduled Collateral Loan Count 659 Beginning Scheduled Collateral Balance 286,622,394.34 Ending Scheduled Collateral Balance 258,262,160.12 Ending Actual Collateral Balance at 30-Nov-2002 258,485,135.29 Monthly P &I Constant 1,754,325.67 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 258,262,160.12 Scheduled Principal 295,428.07 Unscheduled Principal 28,064,806.15

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2002-2