8-K 1 sam02ar3_apr.txt APRIL 8-K 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): April 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-09 90-0072848 Pooling and Servicing Agreement) (Commission 90-0076014 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, 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 April 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR3 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-AR3 Trust, relating to the April 19, 2004 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-AR3 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/21/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR3 Trust, relating to the April 19, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 103/31/0304 Distribution Date: 114/19/0304 SAM Series: 2002-AR3 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 86358HNX3 SEN 1.~~45000~~42000% ~~472~~450,~~814~~339,~~261~~606.3146 ~~571~~532,~~317~~901.2387 56,~~750~~886,~~691~~077.6148 A-2 86358HNZ8 SEN 1.~~62000~~59000% 19,283,547.75 2625,~~032~~550.7970 0.00 R-I 86358HPA1 RES 3.~~48269~~48271% 0.00 0.00 0.00 R-II 86358HPB9 RES 3.~~48269~~48271% 0.00 0.00 0.00 B-1 86358HPE3 SUB 1.~~82000~~79000% 8,058,678.17 12,~~222~~020.3386 0.00 B-2 86358HPF0 SUB 2.~~12000~~09000% 5,756,284.40 10,~~169~~025.4453 0.00 B-3 86358HPG8 SUB 2.~~12000~~09000% 2,878,092.20 5,~~084~~012.6368 0.00 B-4 86358HPH6 SUB 2.~~82752~~84107% 1,726,895.32 4,~~069~~088.0252 0.00 B-5 86358HPJ2 SUB 2.~~82752~~84107% 1,151,296.88 2,~~712~~725.76 0.00 B-6 86358HPK9 SUB 2.~~82752~~84107% 2,878,160.20 6,~~781~~814.7020 0.00 X 86358HNY1 SEN 1.~~35384~~39630% 0.00 ~~574~~565,~~018~~868.2191 0.00 Totals ~~514~~492,~~547~~072,~~216~~561.2338 1,~~212~~165,~~408~~009.1103 56,~~750~~886,~~691~~077.6148

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~467~~443,~~063~~453,~~569~~528.7098 67,~~322~~418,~~008~~979.8435 0.00 A-2 0.00 19,283,547.75 2625,~~032~~550.7970 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 8,058,678.17 12,~~222~~020.3386 0.00 B-2 0.00 5,756,284.40 10,~~169~~025.4453 0.00 B-3 0.00 2,878,092.20 5,~~084~~012.6368 0.00 B-4 0.00 1,726,895.32 4,~~069~~088.0252 0.00 B-5 0.00 1,151,296.88 2,~~712~~725.76 0.00 B-6 0.00 2,878,160.20 6,~~781~~814.7020 0.00 X 0.00 0.00 ~~574~~565,~~018~~868.2191 0.00 Totals 0.00 ~~508~~485,~~796~~186,~~524~~483.6290 68,~~963~~051,~~099~~086.7251 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-1 533,894,100.00 ~~472~~450,~~814~~339,~~261~~606.3146 0.00 56,~~750~~886,~~691~~077.6148 0.00 0.00 A-2 19,283,600.00 19,283,547.75 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 B-1 8,058,700.00 8,058,678.17 0.00 0.00 0.00 0.00 B-2 5,756,300.00 5,756,284.40 0.00 0.00 0.00 0.00 B-3 2,878,100.00 2,878,092.20 0.00 0.00 0.00 0.00 B-4 1,726,900.00 1,726,895.32 0.00 0.00 0.00 0.00 B-5 1,151,300.00 1,151,296.88 0.00 0.00 0.00 0.00 B-6 2,878,168.00 2,878,160.20 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 575,627,268.00 ~~514~~492,~~547~~072,~~216~~561.2338 0.00 56,~~750~~886,~~691~~077.6148 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 56,~~750~~886,~~691~~077.6148 ~~467~~443,~~063~~453,~~569~~528.7098 0.~~87482437~~83060204 56,~~750~~886,~~691~~077.6148 A-2 0.00 19,283,547.75 0.99999729 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 0.00 8,058,678.17 0.99999729 0.00 B-2 0.00 5,756,284.40 0.99999729 0.00 B-3 0.00 2,878,092.20 0.99999729 0.00 B-4 0.00 1,726,895.32 0.99999729 0.00 B-5 0.00 1,151,296.88 0.99999729 0.00 B-6 0.00 2,878,160.20 0.99999729 0.00 X 0.00 0.00 0.00000000 0.00 Totals 56,~~750~~886,~~691~~077.6148 ~~508~~485,~~796~~186,~~524~~483.6290 0.~~88389927~~84288308 56,~~750~~886,~~691~~077.6148

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 533,894,100.00 ~~885~~843.~~59559154~~49987471 0.00000000 1012.~~77122150~~89783401 0.00000000 A-2 19,283,600.00 999.99729044 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 B-1 8,058,700.00 999.99729113 0.00000000 0.00000000 0.00000000 B-2 5,756,300.00 999.99728993 0.00000000 0.00000000 0.00000000 B-3 2,878,100.00 999.99728988 0.00000000 0.00000000 0.00000000 B-4 1,726,900.00 999.99728994 0.00000000 0.00000000 0.00000000 B-5 1,151,300.00 999.99729002 0.00000000 0.00000000 0.00000000 B-6 2,878,168.00 999.99728994 0.00000000 0.00000000 0.00000000 X 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-1 0.00000000 1012.~~77122150~~89783401 ~~874~~830.~~82437004~~60204070 0.~~87482437~~83060204 1012.~~77122150~~89783401 A-2 0.00000000 0.00000000 999.99729044 0.99999729 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 B-1 0.00000000 0.00000000 999.99729113 0.99999729 0.00000000 B-2 0.00000000 0.00000000 999.99728993 0.99999729 0.00000000 B-3 0.00000000 0.00000000 999.99728988 0.99999729 0.00000000 B-4 0.00000000 0.00000000 999.99728994 0.99999729 0.00000000 B-5 0.00000000 0.00000000 999.99729002 0.99999729 0.00000000 B-6 0.00000000 0.00000000 999.99728994 0.99999729 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 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-1 533,894,100.00 1.~~45000~~42000% ~~472~~450,~~814~~339,~~261~~606.3146 ~~571~~532,~~317~~901.2387 0.00 0.00 A-2 19,283,600.00 1.~~62000~~59000% 19,283,547.75 2625,~~032~~550.7970 0.00 0.00 R-I 50.00 3.~~48269~~48271% 0.00 0.00 0.00 0.00 R-II 50.00 3.~~48269~~48271% 0.00 0.00 0.00 0.00 B-1 8,058,700.00 1.~~82000~~79000% 8,058,678.17 12,~~222~~020.3386 0.00 0.00 B-2 5,756,300.00 2.~~12000~~09000% 5,756,284.40 10,~~169~~025.4453 0.00 0.00 B-3 2,878,100.00 2.~~12000~~09000% 2,878,092.20 5,~~084~~012.6368 0.00 0.00 B-4 1,726,900.00 2.~~82752~~84107% 1,726,895.32 4,~~069~~088.0252 0.00 0.00 B-5 1,151,300.00 2.~~82752~~84107% 1,151,296.88 2,~~712~~725.76 0.00 0.00 B-6 2,878,168.00 2.~~82752~~84107% 2,878,160.20 6,~~781~~814.7020 0.00 0.00 X 0.00 1.~~35384~~39630% ~~508~~486,~~790~~316,~~863~~208.8499 ~~574~~565,~~018~~868.2191 0.00 0.00 Totals 575,627,268.00 1,~~212~~165,~~408~~009.1103 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 ~~571~~532,~~317~~901.2387 0.00 ~~467~~443,~~063~~453,~~569~~528.7098 A-2 0.00 0.00 2625,~~032~~550.7970 0.00 19,283,547.75 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 12,~~222~~020.3386 0.00 8,058,678.17 B-2 0.00 0.00 10,~~169~~025.4453 0.00 5,756,284.40 B-3 0.00 0.00 5,~~084~~012.6368 0.00 2,878,092.20 B-4 0.00 0.00 4,~~069~~088.0252 0.00 1,726,895.32 B-5 0.00 0.00 2,~~712~~725.76 0.00 1,151,296.88 B-6 0.00 0.00 6,~~781~~814.7020 0.00 2,878,160.20 X 0.00 0.00 ~~574~~565,~~018~~868.2191 0.00 ~~503~~479,~~040~~430,~~172~~131.2351 Totals 0.00 0.00 1,~~212~~165,~~408~~009.1103 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-1 533,894,100.00 1.~~45000~~42000% ~~885~~843.~~59559154~~49987471 10.~~07009467~~99814152 0.00000000 0.00000000 A-2 19,283,600.00 1.~~62000~~59000% 999.99729044 1.~~34999637~~32499637 0.00000000 0.00000000 R-I 50.00 3.~~48269~~48271% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.~~48269~~48271% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,058,700.00 1.~~82000~~79000% 999.99729113 1.~~51666274~~49166243 0.00000000 0.00000000 B-2 5,756,300.00 2.~~12000~~09000% 999.99728993 1.~~76666261~~74166218 0.00000000 0.00000000 B-3 2,878,100.00 2.~~12000~~09000% 999.99728988 1.~~76666203~~74166290 0.00000000 0.00000000 B-4 1,726,900.00 2.~~82752~~84107% 999.99728994 2.~~35625688~~36754879 0.00000000 0.00000000 B-5 1,151,300.00 2.~~82752~~84107% 999.99729002 2.~~35625814~~36754973 0.00000000 0.00000000 B-6 2,878,168.00 2.~~82752~~84107% 999.99728994 2.~~35625578~~36754769 0.00000000 0.00000000 X 0.00 1.~~35384~~39630% ~~892~~853.~~81792266~~37976431 10.~~00727781~~99297755 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 10.~~07009467~~99814152 0.00000000 ~~874~~830.~~82437004~~60204070 A-2 0.00000000 0.00000000 1.~~34999637~~32499637 0.00000000 999.99729044 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.~~51666274~~49166243 0.00000000 999.99729113 B-2 0.00000000 0.00000000 1.~~76666261~~74166218 0.00000000 999.99728993 B-3 0.00000000 0.00000000 1.~~76666203~~74166290 0.00000000 999.99728988 B-4 0.00000000 0.00000000 2.~~35625688~~36754879 0.00000000 999.99728994 B-5 0.00000000 0.00000000 2.~~35625814~~36754973 0.00000000 999.99729002 B-6 0.00000000 0.00000000 2.~~35625578~~36754769 0.00000000 999.99728994 X 0.00000000 0.00000000 10.~~00727781~~99297755 0.00000000 ~~882~~841.~~72670267~~29618768 (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 78,~~127~~219,~~469~~642.5025 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1218,~~382~~528.1883 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 78,~~139~~238,~~851~~171.6808 Withdrawals Reimbursement for Servicer Advances 1533,~~955~~311.9790 Payment of Service Fee ~~160~~153,~~795~~772.9967 Payment of Interest and Principal 68,~~963~~051,~~099~~086.7251 Total Withdrawals (Pool Distribution Amount) 78,~~139~~238,~~851~~171.6808 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8581,~~899~~472.6800 Additional Servicing Fee 7472,~~896~~300.3167 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~160~~153,~~795~~772.9967

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 ~~149~~110,~~600~~950.00 0.00 0.00 ~~149~~110,~~600~~950.00 30 Days 1620 0 0 0 1620 34,~~244~~619,~~300~~314.5173 0.00 0.00 0.00 34,~~244~~619,~~300~~314.5173 60 Days 3 1 0 0 04 ~~1 382~~651,~~100~~012.0099 0422,147.0090 0.00 0.00 ~~382~~1,~~100~~073,160.0089 90 Days 2 0 0 0 2 ~~588~~436,~~700~~147.0050 0.00 0.00 0.00 ~~588~~436,~~700~~147.0050 120 Days 01 0 01 0 02 0143,639.0019 0.00 0706,309.0018 0.00 0849,948.0037 150 Days 0 0 10 0 10 0.00 0.00 ~~422,147~~0.9000 0.00 ~~422,147~~0.9000 180+ Days 1 0 0 0 1 ~~186~~237,~~557~~200.8400 0.00 0.00 0.00 ~~186~~237,~~557~~200.8400 Totals 2027 12 1 0 2230 46,~~401~~087,~~658~~314.3541 ~~149~~533,~~600~~097.0090 ~~422~~706,~~147~~309.9018 0.00 47,~~973~~326,~~406~~721.2549 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.~~055586~~057604% 0.000000% 0.000000% 0.~~055586~~057604% 0.~~029403~~022868% 0.000000% 0.000000% 0.~~029403~~022868% 30 Days 01.~~889383~~152074% 0.000000% 0.000000% 0.000000% 01.~~889383~~152074% 0.~~637642~~952072% 0.000000% 0.000000% 0.000000% 0.~~637642~~952072% 60 Days 0.~~055586~~172811% 0.~~000000~~057604% 0.000000% 0.000000% 0.~~055586~~230415% 0.~~075099~~134178% 0.~~000000~~087008% 0.000000% 0.000000% 0.~~075099~~221186% 90 Days 0.~~111173~~115207% 0.000000% 0.000000% 0.000000% 0.~~111173~~115207% 0.~~115704~~089893% 0.000000% 0.000000% 0.000000% 0.~~115704~~089893% 120 Days 0.~~000000~~057604% 0.000000% 0.~~000000~~057604% 0.000000% 0.~~000000~~115207% 0.~~000000~~029605% 0.000000% 0.~~000000~~145575% 0.000000% 0.~~000000~~175180% 150 Days 0.000000% 0.000000% 0.~~055586~~000000% 0.000000% 0.~~055586~~000000% 0.000000% 0.000000% 0.~~082970~~000000% 0.000000% 0.~~082970~~000000% 180+ Days 0.~~055586~~057604% 0.000000% 0.000000% 0.000000% 0.~~055586~~057604% 0.~~036666~~048889% 0.000000% 0.000000% 0.000000% 0.~~036666~~048889% Totals 1.~~111729~~555300% 0.~~055586~~115207% 0.~~055586~~057604% 0.000000% 1.~~222902~~728111% 01.~~865112~~254636% 0.~~029403~~109875% 0.~~082970~~145575% 0.000000% 01.~~977484~~510087%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1218,~~382~~528.1883

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.~~202515~~216066% Weighted Average Net Coupon 3.~~002184~~017384% Weighted Average Pass-Through Rate 2.~~827515~~841066% Weighted Average Maturity(Stepdown Calculation ) ~~289~~284 Beginning Scheduled Collateral Loan Count 1,~~821~~754 Number Of Loans Paid In Full 2218 Ending Scheduled Collateral Loan Count 1,~~799~~736 Beginning Scheduled Collateral Balance ~~514~~492,~~547~~072,~~216~~562.8601 Ending Scheduled Collateral Balance ~~508~~485,~~796~~186,~~525~~484.2553 Ending Actual Collateral Balance at 31-~~Oct~~Mar-~~2003~~2004 ~~508~~485,~~796~~185,~~528~~519.3267 Monthly P &I Constant 1,~~373~~318,~~204~~781.1171 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 ~~508~~485,~~796~~186,~~525~~484.2553 Scheduled Principal 0.00 Unscheduled Principal 56,~~750~~886,~~691~~077.6148

Miscellaneous Reporting Senior Percentage 91.~~889383~~518943% Senior Prep Percentage 100.000000% Subordinate Percentage 8.~~110617~~481057% Subordinate Prep Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PASS THR CERT 2002-AR3