8-K 1 sam02ar5.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 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-15 90-0073134 Pooling and Servicing Agreement) (Commission 90-0073140 (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 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR5 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-AR5 Trust, relating to the November 19, 2003 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR5 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/19/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR5 Trust, relating to the November 19, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/2019/03 SAM Series: 2002-AR5 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 86358HRF8 SEN 1.57000% ~~346~~342,~~910~~348,~~631~~964.5138 ~~453~~447,~~874~~906.7456 4,~~561~~143,~~667~~358.1321 A-2 86358HRH4 SEN 1.92000% 15,400,000.00 24,640.00 0.00 R-I 86358HRJ0 RES 0.00000% 0.00 0.00 0.00 R-II 86358HRK7 RES 0.00000% 0.00 0.00 0.00 X 86358HRG6 SEN 1.~~29590~~28887% 0.00 ~~404~~397,~~441~~347.2562 0.00 B-1 86358HRL5 SUB 2.12000% 5,600,000.00 9,893.33 0.00 B-2 86358HRM3 SUB 2.12000% 3,800,000.00 6,713.33 0.00 B-3 86358HRN1 SUB 2.12000% 2,800,000.00 4,946.67 0.00 B-4 86358HRP6 SUB 2.~~89821~~89158% 1,400,000.00 3,~~381~~373.2551 0.00 B-5 86358HRQ4 SUB 2.~~89821~~89158% 800,000.00 1,~~932~~927.1472 0.00 B-6 86358HRR2 SUB 2.~~89821~~89158% 2,200,000.00 5,~~313~~301.3923 0.00 Totals ~~378~~374,~~910~~348,~~631~~964.5138 ~~915~~902,~~136~~049.1097 4,~~561~~143,~~667~~358.1321

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~342~~338,~~348~~205,~~964~~606.3817 54,~~015~~591,~~541~~264.8777 0.00 A-2 0.00 15,400,000.00 24,640.00 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~404~~397,~~441~~347.2562 0.00 B-1 0.00 5,600,000.00 9,893.33 0.00 B-2 0.00 3,800,000.00 6,713.33 0.00 B-3 0.00 2,800,000.00 4,946.67 0.00 B-4 0.00 1,400,000.00 3,~~381~~373.2551 0.00 B-5 0.00 800,000.00 1,~~932~~927.1472 0.00 B-6 0.00 2,200,000.00 5,~~313~~301.3923 0.00 Totals 0.00 ~~374~~370,~~348~~205,~~964~~606.3817 5,~~476~~045,~~803~~408.2318 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-1 368,000,000.00 ~~346~~342,~~910~~348,~~631~~964.5138 0.00 4,~~561~~143,~~667~~358.1321 0.00 0.00 A-2 15,400,000.00 15,400,000.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 5,600,000.00 5,600,000.00 0.00 0.00 0.00 0.00 B-2 3,800,000.00 3,800,000.00 0.00 0.00 0.00 0.00 B-3 2,800,000.00 2,800,000.00 0.00 0.00 0.00 0.00 B-4 1,400,000.00 1,400,000.00 0.00 0.00 0.00 0.00 B-5 800,000.00 800,000.00 0.00 0.00 0.00 0.00 B-6 2,200,000.00 2,200,000.00 0.00 0.00 0.00 0.00 Totals 400,000,100.00 ~~378~~374,~~910~~348,~~631~~964.5138 0.00 4,~~561~~143,~~667~~358.1321 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 4,~~561~~143,~~667~~358.1321 ~~342~~338,~~348~~205,~~964~~606.3817 0.~~93029610~~91903697 4,~~561~~143,~~667~~358.1321 A-2 0.00 15,400,000.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 B-1 0.00 5,600,000.00 1.00000000 0.00 B-2 0.00 3,800,000.00 1.00000000 0.00 B-3 0.00 2,800,000.00 1.00000000 0.00 B-4 0.00 1,400,000.00 1.00000000 0.00 B-5 0.00 800,000.00 1.00000000 0.00 B-6 0.00 2,200,000.00 1.00000000 0.00 Totals 4,~~561~~143,~~667~~358.1321 ~~374~~370,~~348~~205,~~964~~606.3817 0.~~93587218~~92551378 4,~~561~~143,~~667~~358.1321

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 368,000,000.00 ~~942~~930.~~69193345~~29609886 0.00000000 1211.~~39583459~~25912557 0.00000000 A-2 15,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,200,000.00 1000.00000000 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-1 0.00000000 1211.~~39583459~~25912557 ~~930~~919.~~29609886~~03697329 0.~~93029610~~91903697 1211.~~39583459~~25912557 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 368,000,000.00 1.57000% ~~346~~342,~~910~~348,~~631~~964.5138 ~~453~~447,~~874~~906.7456 0.00 0.00 A-2 15,400,000.00 1.92000% 15,400,000.00 24,640.00 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 1.~~29590~~28887% ~~374~~369,~~510~~948,~~631~~964.5138 ~~404~~397,~~441~~347.2562 0.00 0.00 B-1 5,600,000.00 2.12000% 5,600,000.00 9,893.33 0.00 0.00 B-2 3,800,000.00 2.12000% 3,800,000.00 6,713.33 0.00 0.00 B-3 2,800,000.00 2.12000% 2,800,000.00 4,946.67 0.00 0.00 B-4 1,400,000.00 2.~~89821~~89158% 1,400,000.00 3,~~381~~373.2551 0.00 0.00 B-5 800,000.00 2.~~89821~~89158% 800,000.00 1,~~932~~927.1472 0.00 0.00 B-6 2,200,000.00 2.~~89821~~89158% 2,200,000.00 5,~~313~~301.3923 0.00 0.00 Totals 400,000,100.00 ~~915~~902,~~136~~049.1097 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 ~~453~~447,~~874~~906.7456 0.00 ~~342~~338,~~348~~205,~~964~~606.3817 A-2 0.00 0.00 24,640.00 0.00 15,400,000.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 ~~404~~397,~~441~~347.2562 0.00 ~~369~~365,~~948~~805,~~964~~606.3817 B-1 0.00 0.00 9,893.33 0.00 5,600,000.00 B-2 0.00 0.00 6,713.33 0.00 3,800,000.00 B-3 0.00 0.00 4,946.67 0.00 2,800,000.00 B-4 0.00 0.00 3,~~381~~373.2551 0.00 1,400,000.00 B-5 0.00 0.00 1,~~932~~927.1472 0.00 800,000.00 B-6 0.00 0.00 5,~~313~~301.3923 0.00 2,200,000.00 Totals 0.00 0.00 ~~915~~902,~~136~~049.1097 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 368,000,000.00 1.57000% ~~942~~930.~~69193345~~29609886 1.~~23335527~~21713739 0.00000000 0.00000000 A-2 15,400,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 1.~~29590~~28887% ~~946~~935.~~69017065~~15916173 1.~~02234896~~00441764 0.00000000 0.00000000 B-1 5,600,000.00 2.12000% 1000.00000000 1.76666607 0.00000000 0.00000000 B-2 3,800,000.00 2.12000% 1000.00000000 1.76666579 0.00000000 0.00000000 B-3 2,800,000.00 2.12000% 1000.00000000 1.76666786 0.00000000 0.00000000 B-4 1,400,000.00 2.~~89821~~89158% 1000.00000000 2.~~41517857~~40965000 0.00000000 0.00000000 B-5 800,000.00 2.~~89821~~89158% 1000.00000000 2.~~41517500~~40965000 0.00000000 0.00000000 B-6 2,200,000.00 2.~~89821~~89158% 1000.00000000 2.~~41517727~~40965000 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-1 0.00000000 0.00000000 1.~~23335527~~21713739 0.00000000 ~~930~~919.~~29609886~~03697329 A-2 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 1.~~02234896~~00441764 0.00000000 ~~935~~924.~~15916173~~68555655 B-1 0.00000000 0.00000000 1.76666607 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.76666579 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 1.76666786 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~41517857~~40965000 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~41517500~~40965000 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~41517727~~40965000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 5,~~586~~172,~~974~~591.7062 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 188,~~525~~326.8545 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,~~605~~180,~~500~~918.5507 Withdrawals Reimbursement for Servicer Advances 1018,~~287~~525.6985 Payment of Service Fee ~~118~~116,~~409~~984.6304 Payment of Interest and Principal 5,~~476~~045,~~803~~408.2318 Total Withdrawals (Pool Distribution Amount) 5,~~605~~180,~~500~~918.5507 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 22,~~271~~010.5429 Additional Servicing Fee 9694,~~138~~973.0975 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~118~~116,~~409~~984.6304

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 1 0 0 1 380,000.00 0.00 0.00 380,000.00 30 Days 159 1 0 0 1610 32,~~198~~289,~~906~~085.4969 130,814.21 0.00 0.00 32,~~329~~419,~~720~~899.7090 60 Days 61 0 0 0 6 1 128,~~218,105~~800.4000 0.00 0.00 0.00 1128,~~218,105~~800.4000 90 Days 1 0 0 0 1 ~~249~~102,~~529~~732.9933 0.00 0.00 0.00 ~~249~~102,~~529~~732.9933 120 Days 0 0 10 0 10 0.00 0.00 ~~340,000~~0.00 0.00 ~~340,000~~0.00 150 Days 2 0 0 1 0 21 ~~707,992~~0.6200 0.00 0340,000.00 0.00 ~~707~~340,~~992~~000.6200 180+ Days 40 0 0 0 40 ~~939,293~~0.6200 0.00 0.00 0.00 ~~939,293~~0.6200 Totals 2811 2 1 0 3114 62,~~313~~520,~~828~~618.1202 510,814.21 340,000.00 0.00 73,~~164~~371,~~642~~432.3323 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.~~078989~~079808% 0.000000% 0.000000% 0.~~078989~~079808% 0.~~101510~~102646% 0.000000% 0.000000% 0.~~101510~~102646% 30 Days 10.~~184834~~718276% 0.~~078989~~079808% 0.000000% 0.000000% 10.~~263823~~798085% 0.~~854525~~618328% 0.~~034944~~035336% 0.000000% 0.000000% 0.~~889470~~653664% 60 Days 0.~~473934~~079808% 0.000000% 0.000000% 0.000000% 0.~~473934~~079808% 0.~~325393~~034791% 0.000000% 0.000000% 0.000000% 0.~~325393~~034791% 90 Days 0.~~078989~~079808% 0.000000% 0.000000% 0.000000% 0.~~078989~~079808% 0.~~066657~~027750% 0.000000% 0.000000% 0.000000% 0.~~066657~~027750% 120 Days 0.000000% 0.000000% 0.~~078989~~000000% 0.000000% 0.~~078989~~000000% 0.000000% 0.000000% 0.~~090824~~000000% 0.000000% 0.~~090824~~000000% 150 Days 0.~~157978~~000000% 0.000000% 0.~~000000~~079808% 0.000000% 0.~~157978~~079808% 0.~~189126~~000000% 0.000000% 0.~~000000~~091841% 0.000000% 0.~~189126~~091841% 180+ Days 0.~~315956~~000000% 0.000000% 0.000000% 0.000000% 0.~~315956~~000000% 0.~~250914~~000000% 0.000000% 0.000000% 0.000000% 0.~~250914~~000000% Totals 20.~~211690~~877893% 0.~~157978~~159617% 0.~~078989~~079808% 0.000000% 21.~~448657~~117318% 10.~~686616~~680870% 0.~~136454~~137981% 0.~~090824~~091841% 0.000000% 10.~~913894~~910692%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 188,~~525~~326.8545

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~273212~~266580% Weighted Average Net Coupon 3.~~202679~~196025% Weighted Average Pass-Through Rate 2.~~898212~~891580% Weighted Average Maturity(Stepdown Calculation ) ~~306~~305 Beginning Scheduled Collateral Loan Count 1,~~279~~266 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 1,~~266~~253 Beginning Scheduled Collateral Balance ~~378~~374,~~910~~348,~~631~~964.5138 Ending Scheduled Collateral Balance ~~374~~370,~~348~~205,~~964~~606.3817 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2003 ~~374~~370,~~348~~205,~~964~~606.3817 Monthly P &I Constant 1,~~033~~019,~~572~~034.4722 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 ~~374~~370,~~348~~205,~~964~~606.3817 Scheduled Principal 0.00 Unscheduled Principal 4,~~561~~143,~~667~~358.1321

Miscellaneous Reporting Average Loss Severity for Prior Month 0.00 Senior Percentage 91.~~554737~~451826% Senior Prepayment Percentage 100.000000% Subordinate Percentage 8.~~445263~~548174% Subordinate Prepayment Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PS THR CERT SER 2002-AR5