8-K 1 arc02bc5.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 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-15 Pooling and Servicing Agreement) (Commission 52-2365714 (State or other File Number) 52-2365715 jurisdiction 52-2365716 of Incorporation) 52-7294446 IRS EIN 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 AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2002-BC5 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-BC5 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. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2002-BC5 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/31/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-BC5 Trust, relating to the December 26, 2002 distribution. EX-99.1

Amortizing Residential Collateral Mortgage Trus Mortgage Pass-Through Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 ARC Series: 2002-BC5 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 86358RZ42 SEN 21.~~15000~~70000% ~~671~~659,~~649~~809,~~742~~686.2169 1965,~~243,484~~888.8707 1110,~~840~~873,~~055~~238.5293 A-IO 86358RZ59 SEN 6.00000% 0.00 1,379,348.24 0.00 M1 86358RZ67 SUB 2.~~52000~~07000% 50,158,000.00 ~~108~~89,~~842~~406.8664 0.00 M2 86358RZ75 SUB 32.~~03000~~58000% 37,619,000.00 9883,~~154~~576.2488 0.00 M3 86358RZ83 SUB 3.~~83000~~38000% 37,619,000.00 ~~124~~109,~~069~~492.5519 0.00 B 86358RZ91 SUB 43.~~08000~~63000% 11,704,000.00 4136,~~120~~584.0575 0.00 X ARC02BC5X SUB 0.00000% 5,015,628.14 2,~~523~~792,~~759~~887.0679 0.00 P SEN 0.00000% 0.00 ~~217~~262,~~957~~243.7082 0.00 R ARC02B5R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~813~~801,~~765~~925,~~370~~314.3583 5,~~736~~719,~~736~~428.5738 1110,~~840~~873,~~055~~238.5293

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~659~~648,~~809~~936,~~686~~447.6976 1311,~~083~~839,~~540~~127.3900 0.00 A-IO 0.00 0.00 1,379,348.24 0.00 M1 0.00 50,158,000.00 ~~108~~89,~~842~~406.8664 0.00 M2 0.00 37,619,000.00 9883,~~154~~576.2488 0.00 M3 0.00 37,619,000.00 ~~124~~109,~~069~~492.5519 0.00 B 0.00 11,704,000.00 4136,~~120~~584.0575 0.00 X 0.00 5,015,628.14 2,~~523~~792,~~759~~887.0679 0.00 P 0.00 0.00 ~~217~~262,~~957~~243.7082 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~801~~791,~~925~~052,~~314~~075.8390 1716,~~576~~592,~~792~~667.0931 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 693,853,000.00 ~~671~~659,~~649~~809,~~742~~686.2169 0.00 1110,~~840~~873,~~055~~238.5293 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 50,158,000.00 50,158,000.00 0.00 0.00 0.00 0.00 M2 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 M3 37,619,000.00 37,619,000.00 0.00 0.00 0.00 0.00 B 11,704,000.00 11,704,000.00 0.00 0.00 0.00 0.00 X 5,015,628.14 5,015,628.14 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 835,968,628.14 ~~813~~801,~~765~~925,~~370~~314.3583 0.00 1110,~~840~~873,~~055~~238.5293 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 1110,~~840~~873,~~055~~238.5293 ~~659~~648,~~809~~936,~~686~~447.6976 0.~~95093584~~93526503 1110,~~840~~873,~~055~~238.5293 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 50,158,000.00 1.00000000 0.00 M2 0.00 37,619,000.00 1.00000000 0.00 M3 0.00 37,619,000.00 1.00000000 0.00 B 0.00 11,704,000.00 1.00000000 0.00 X 0.00 5,015,628.14 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1110,~~840~~873,~~055~~238.5293 ~~801~~791,~~925~~052,~~314~~075.8390 0.~~95927681~~94627005 1110,~~840~~873,~~055~~238.5293

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 693,853,000.00 ~~968~~950.~~00005507~~93584187 0.00000000 1715.~~06421320~~67081058 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 50,158,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 37,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 11,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,015,628.14 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A 0.00000000 1715.~~06421320~~67081058 ~~950~~935.~~93584187~~26503130 0.~~95093584~~93526503 1715.~~06421320~~67081058 A-IO 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 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 693,853,000.00 21.~~15000~~70000% ~~671~~659,~~649~~809,~~742~~686.2169 1965,~~243,484~~888.8707 0.00 0.00 A-IO 0.00 6.00000% 275,869,647.00 1,379,348.24 0.00 0.00 M1 50,158,000.00 2.~~52000~~07000% 50,158,000.00 ~~108~~89,~~842~~406.8664 0.00 0.00 M2 37,619,000.00 32.~~03000~~58000% 37,619,000.00 9883,~~154~~576.2488 0.00 0.00 M3 37,619,000.00 3.~~83000~~38000% 37,619,000.00 ~~124~~109,~~069~~492.5519 0.00 0.00 B 11,704,000.00 43.~~08000~~63000% 11,704,000.00 4136,~~120~~584.0575 0.00 0.00 X 5,015,628.14 0.00000% 5,015,628.14 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 835,968,628.14 2,~~995~~664,~~019~~296.8177 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 0.00 0.00 1965,~~243,484~~888.8707 0.00 ~~659~~648,~~809~~936,~~686~~447.6976 A-IO 0.00 0.00 1,379,348.24 0.00 275,869,647.00 M1 0.00 0.00 ~~108~~89,~~842~~406.8664 0.00 50,158,000.00 M2 0.00 0.00 9883,~~154~~576.2488 0.00 37,619,000.00 M3 0.00 0.00 ~~124~~109,~~069~~492.5519 0.00 37,619,000.00 B 0.00 0.00 4136,~~120~~584.0575 0.00 11,704,000.00 X 0.00 0.00 2,~~523~~792,~~759~~887.0679 0.00 5,015,628.14 P 0.00 0.00 ~~217~~262,~~957~~243.7082 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~736~~719,~~736~~428.5738 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 693,853,000.00 21.~~15000~~70000% ~~968~~950.~~00005507~~93584187 1.~~79214455~~39206441 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000002 0.00000000 0.00000000 M1 50,158,000.00 2.~~52000~~07000% 1000.00000000 21.~~17000000~~78250010 0.00000000 0.00000000 M2 37,619,000.00 32.~~03000~~58000% 1000.00000000 2.~~60916664~~22166671 0.00000000 0.00000000 M3 37,619,000.00 3.~~83000~~38000% 1000.00000000 32.~~29805550~~91055557 0.00000000 0.00000000 B 11,704,000.00 43.~~08000~~63000% 1000.00000000 3.~~51333305~~12583305 0.00000000 0.00000000 X 5,015,628.14 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 1.~~79214455~~39206441 0.00000000 ~~950~~935.~~93584187~~26503130 A-IO 0.00000000 0.00000000 5.00000002 0.00000000 1000.00000000 M1 0.00000000 0.00000000 21.~~17000000~~78250010 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~60916664~~22166671 0.00000000 1000.00000000 M3 0.00000000 0.00000000 32.~~29805550~~91055557 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~51333305~~12583305 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~503~~556.~~17906144~~83709239 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 1716,~~373~~388,~~861~~539.6120 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~571~~286,~~969~~096.9117 Realized Losses ~~(8,035~~0.~~44)~~00 Prepayment Penalties 0262,243.0082 Total Deposits 1716,~~937~~936,~~796~~879.0819 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~361~~341,~~003~~392.9923 Payment of Interest and Principal 1716,~~576~~333,~~792~~243.0914 Total Withdrawals (Pool Distribution Amount) 1716,~~937~~674,~~796~~635.0837 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~347~~338,~~441~~050.2689 Credit Risk Manager's Fee ~~10,172~~0.0700 Trustee Fee 3,~~390~~341.6634 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~361~~341,~~003~~392.9923

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 122 0 0 122 1139,~~904,572~~878.1109 0.00 0.00 1139,~~904,572~~878.1109 30 Days ~~374~~115 20 0 0 ~~376~~115 4213,~~776~~601,~~533~~978.7126 ~~53,780~~0.5400 0.00 0.00 4213,~~830~~601,~~314~~978.2526 60 Days 9527 24 25 0 156 ~~98 11~~3,~~710~~753,~~678~~691.0291 ~~184~~649,~~129~~984.1316 03,316,284.0023 0.00 117,~~894~~719,~~807~~960.1530 90 Days 287 1 2437 0 5345 3680,~~908,017~~093.0250 32,460.28 35,~~288~~692,~~198~~783.3509 0.00 76,~~228~~405,~~675~~336.6587 120 Days 63 01 24 10 3128 ~~820~~315,~~618~~234.7797 061,182.0011 3,~~569~~727,~~739~~451.5836 ~~55,977~~0.7400 4,~~446~~103,~~336~~868.0944 150 Days 0 12 1513 0 1615 0.00 41675,~~965~~565.48 21,~~678~~934,~~036~~673.3441 0.00 2,~~720~~610,~~001~~238.8289 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~503~~152 1810 6399 20 ~~586~~261 5918,~~215~~350,~~847~~998.5264 21,~~216~~559,~~907~~070.5412 914,~~535~~671,~~974~~192.2709 ~~55,977~~0.7400 7134,~~024~~581,~~707~~260.0785 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.~~228094~~038543% 0.000000% 0.000000% 0.~~228094~~038543% 0.~~237350~~017670% 0.000000% 0.000000% 0.~~237350~~017670% 30 Days 72.~~108915~~216227% 0.~~038016~~000000% 0.000000% 0.000000% 72.~~146930~~216227% 51.~~330854~~718301% 0.~~006702~~000000% 0.000000% 0.000000% 51.~~337556~~718301% 60 Days 10.~~805740~~520331% 0.~~038016~~077086% 0.~~000000~~481788% 0.~~019008~~000000% 1.~~862764~~079206% 10.~~459396~~474194% 0.~~022946~~082111% 0.~~000000~~418937% 0.000000% 10.~~482343~~975242% 90 Days 0.~~532218~~134901% 0.~~019008~~019272% 0.~~456187~~713047% 0.000000% 10.~~007413~~867219% 0.~~487021~~085914% 0.~~004045~~004101% 0.~~409779~~719154% 0.000000% 0.~~900845~~809169% 120 Days 0.~~114047~~057815% 0.~~000000~~019272% 0.~~456187~~462517% 0.~~019008~~000000% 0.~~589242~~539603% 0.~~102266~~039823% 0.~~000000~~007729% 0.~~444865~~470879% 0.~~006976~~000000% 0.~~554107~~518431% 150 Days 0.000000% 0.~~019008~~038543% 0.~~285117~~250530% 0.000000% 0.~~304125~~289073% 0.000000% 0.~~005230~~085342% 0.~~333740~~244402% 0.000000% 0.~~338969~~329744% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 92.~~560920~~929273% 0.~~342140~~192715% 1.~~197491~~907882% 0.~~038016~~000000% 115.~~138567~~029871% 72.~~379538~~318232% 0.~~276273~~196953% 1.~~188383~~853372% 0.~~006976~~000000% 84.~~851170~~368558%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~571~~286,~~969~~096.9117

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 8.~~704511~~696202% Weighted Average Net Coupon 8.~~192165~~184145% Weighted Average Pass-Through Rate 8.~~187164~~179145% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count 5,~~343~~261 Number Of Loans Paid In Full 8272 Ending Scheduled Collateral Loan Count 5,~~261~~189 Beginning Scheduled Collateral Balance ~~813~~801,~~765~~925,~~370~~314.3583 Ending Scheduled Collateral Balance ~~801~~791,~~925~~052,~~314~~075.8390 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~802~~791,~~432~~594,~~992~~486.6115 Monthly P &I Constant 6,~~466~~373,~~650~~894.3432 Special Servicing Fee 0.00 Prepayment Penalties 0262,243.0082 Realized Loss Amount ~~8,035~~0.4400 Cumulative Realized Loss 8,035.44 Ending Scheduled Balance for Premium Loans ~~801~~791,~~925~~052,~~314~~075.8390 Scheduled Principal ~~565~~562,~~890~~473.5879 Unscheduled Principal 1110,~~274~~310,~~164~~765.9414 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,015,628.14 Overcollateralized Amount 5,015,628.14 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~8,035~~0.4400 Excess Cash Amount 2,~~536~~792,~~700~~887.6779

Filing Compare · AMORTIZING RESI COLLAT TR MORT PAS THRU CERT SER 2002-BC5