8-K 1 bsl02002_sep.txt SEPTEMBER 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): September 27, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-16 90-0071998 Pooling and Servicing Agreement) (Commission 90-0072002 (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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2002-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-2 Trust, relating to the September 27, 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2002-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 9/29/2004 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 September 27, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 78/31/042004 Distribution Date: 89/2527/042004 BSL Series: 2002-2 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 07386HAT8 SEN 12.~~95000~~11500% 7873,~~469~~115,~~817~~910.1551 ~~127~~141,~~513~~753.4745 56,~~353~~369,~~906~~652.6499 M-1 07386HAU5 SUB 2.~~15000~~31500% 8,426,600.00 1517,~~097~~881.6695 0.00 M-2 07386HAV3 SUB 2.~~45000~~61500% 7,415,500.00 1517,~~139~~775.9857 0.00 M-3 07386HAW1 SUB 3.~~45000~~61500% 3,876,200.00 1112,~~144~~844.0876 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~224~~226,~~528~~624.6179 0.00 XP 07386HAX9 SEN 0.00000% 100.00 ~~800~~10,293.0029 0.00 R-I 07386HBA8 SUB 0.00000% 0.00 0.00 0.00 R-II 07386HBB6 SUB 0.00000% 0.00 0.00 0.00 Totals 9994,~~873~~519,~~548~~641.1551 ~~394~~427,~~223~~173.8081 56,~~353~~369,~~906~~652.6499

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 7366,~~115~~746,~~910~~257.5152 56,~~481~~511,~~420~~406.1144 0.00 M-1 0.00 8,426,600.00 1517,~~097~~881.6695 0.00 M-2 0.00 7,415,500.00 1517,~~139~~775.9857 0.00 M-3 0.00 3,876,200.00 1112,~~144~~844.0876 0.00 B-IO 0.00 1,685,331.00 ~~224~~226,~~528~~624.6179 0.00 XP 0.00 100.00 ~~800~~10,293.0029 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 9488,~~519~~149,~~641~~988.5152 56,~~748~~796,~~130~~826.4480 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 317,347,800.00 7873,~~469~~115,~~817~~910.1551 0.00 56,~~353~~369,~~906~~652.6499 0.00 0.00 M-1 8,426,600.00 8,426,600.00 0.00 0.00 0.00 0.00 M-2 7,415,500.00 7,415,500.00 0.00 0.00 0.00 0.00 M-3 3,876,200.00 3,876,200.00 0.00 0.00 0.00 0.00 B-IO 92.56 1,685,331.00 0.00 0.00 0.00 0.00 XP 100.00 100.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 Totals 337,066,292.56 9994,~~873~~519,~~548~~641.1551 0.00 56,~~353~~369,~~906~~652.6499 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 56,~~353~~369,~~906~~652.6499 7366,~~115~~746,~~910~~257.5152 0.~~23039678~~21032526 56,~~353~~369,~~906~~652.6499 M-1 0.00 8,426,600.00 1.00000000 0.00 M-2 0.00 7,415,500.00 1.00000000 0.00 M-3 0.00 3,876,200.00 1.00000000 0.00 B-IO 0.00 1,685,331.00 18,207.98401037 0.00 XP 0.00 100.00 1.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 56,~~353~~369,~~906~~652.6499 9488,~~519~~149,~~641~~988.5152 0.~~28041855~~26152122 56,~~353~~369,~~906~~652.6499

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~247~~230.~~26756306~~39677764 0.00000000 1620.~~87078543~~07152087 0.00000000 M-1 8,426,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 7,415,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 3,876,200.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 92.56 18207984.01037160 0.00000000 0.00000000 0.00000000 XP 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) 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 1620.~~87078543~~07152087 ~~230~~210.~~39677764~~32525677 0.~~23039678~~21032526 1620.~~87078543~~07152087 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 18,207,984.01037160 18207.98401037 0.00000000 XP 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 (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 317,347,800.00 12.~~95000~~11500% 7873,~~469~~115,~~817~~910.1551 ~~127~~141,~~513~~753.4547 0.00 0.00 M-1 8,426,600.00 2.~~15000~~31500% 8,426,600.00 1517,~~097~~881.6695 0.00 0.00 M-2 7,415,500.00 2.~~45000~~61500% 7,415,500.00 1517,~~139~~775.9857 0.00 0.00 M-3 3,876,200.00 3.~~45000~~61500% 3,876,200.00 1112,~~144~~844.0876 0.00 0.00 B-IO 92.56 0.00000% 1,685,331.00 0.00 0.00 0.00 XP 100.00 0.00000% 100.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 337,066,292.56 ~~168~~190,~~895~~255.1775 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 (0.02) 0.00 ~~127~~141,~~513~~753.4745 0.00 7366,~~115~~746,~~910~~257.5152 M-1 0.00 0.00 1517,~~097~~881.6695 0.00 8,426,600.00 M-2 0.00 0.00 1517,~~139~~775.9857 0.00 7,415,500.00 M-3 0.00 0.00 1112,~~144~~844.0876 0.00 3,876,200.00 B-IO 0.00 0.00 ~~224~~226,~~528~~624.6179 0.00 1,685,331.00 XP 0.00 0.00 ~~800~~10,293.0029 0.00 100.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals (0.02) 0.00 ~~394~~427,~~223~~173.8081 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 317,347,800.00 12.~~95000~~11500% ~~247~~230.~~26756306~~39677764 0.~~40180978~~44668175 0.00000000 0.00000000 M-1 8,426,600.00 2.~~15000~~31500% 1000.00000000 12.~~79166686~~12208364 0.00000000 0.00000000 M-2 7,415,500.00 2.~~45000~~61500% 1000.00000000 2.~~04166678~~39708314 0.00000000 0.00000000 M-3 3,876,200.00 3.~~45000~~61500% 1000.00000000 23.~~87500129~~31375058 0.00000000 0.00000000 B-IO 92.56 0.00000% 18207984.01037160 0.00000000 0.00000000 0.00000000 XP 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1000 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 (0.00000006) 0.00000000 0.~~40180984~~44668168 0.00000000 ~~230~~210.~~39677764~~32525677 M-1 0.00000000 0.00000000 12.~~79166686~~12208364 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~04166678~~39708314 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~87500129~~31375058 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~2425762~~2448409.~~85652550~~57216940 0.00000000 18207984.01037160 XP 0.00000000 0.00000000 ~~8000~~102932.~~00000000~~90000000 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 (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 56,~~827~~835,~~958~~105.0243 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2115,~~838~~460.8386 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(45,211~~0.~~32)~~00 Prepayment Penalties ~~800~~0.00 Total Deposits 56,~~805~~850,~~385~~566.5329 Withdrawals Reimbursement for Servicer Advances 2321,~~415~~838.9783 Payment of Service Fee 3331,~~839~~900.1266 Payment of Interest and Principal 56,~~748~~796,~~130~~826.4480 Total Withdrawals (Pool Distribution Amount) 56,~~805~~850,~~385~~566.5329 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall (8,~~870~~803.4798) Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall (8,~~870~~803.4798)

SERVICING FEES Gross Servicing Fee 1615,~~160~~547.8861 Additional Servicing Fee 1716,~~678~~353.2405 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3331,~~839~~900.1266

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 1 234,000.00 0.00 0.00 234,000.00 30 Days 42 0 0 0 42 1334,~~260,868~~106.9356 0.00 0.00 0.00 1334,~~260,868~~106.9356 60 Days 2 0 0 0 2 352,~~519~~240.4896 0.00 0.00 0.00 352,~~519~~240.4896 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 10 0 10 0.00 0.00 ~~210,067~~0.7100 0.00 ~~210,067~~0.7100 180+ Days 0 0 34 4 78 0.00 0.00 ~~937~~1,~~276~~147,344.8960 613,574.26 1,~~550~~760,~~851~~918.1586 Totals 64 1 4 4 1513 1686,~~613,388~~347.4152 234,000.00 1,147,344.60 613,574.26 32,~~608~~681,~~307~~266.2738 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.~~265252~~280112% 0.000000% 0.000000% 0.~~265252~~280112% 0.~~247288~~265140% 0.000000% 0.000000% 0.~~247288~~265140% 30 Days 10.~~061008~~560224% 0.000000% 0.000000% 0.000000% 10.~~061008~~560224% 10.~~332466~~378568% 0.000000% 0.000000% 0.000000% 10.~~332466~~378568% 60 Days 0.~~530504~~560224% 0.000000% 0.000000% 0.000000% 0.~~530504~~560224% 0.~~372537~~399116% 0.000000% 0.000000% 0.000000% 0.~~372537~~399116% 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.~~265252~~000000% 0.000000% 0.~~265252~~000000% 0.000000% 0.000000% 0.~~221996~~000000% 0.000000% 0.~~221996~~000000% 180+ Days 0.000000% 0.000000% 01.~~795756~~120448% 1.~~061008~~120448% 12.~~856764~~240896% 0.000000% 0.000000% 01.~~990499~~300029% 0.~~648416~~695227% 1.~~638915~~995256% Totals 1.~~591512~~120448% 0.~~265252~~280112% 1.~~061008~~120448% 1.~~061008~~120448% 3.~~978780~~641457% 10.~~705003~~777684% 0.~~247288~~265140% 1.~~212496~~300029% 0.~~648416~~695227% 3.~~813202~~038081%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2115,~~838~~460.8386

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~783455~~809404% Weighted Average Net Coupon 5.~~589279~~612015% Weighted Average Pass-Through Rate 5.~~376871~~404400% Weighted Average Maturity(Stepdown Calculation ) ~~332~~331 Beginning Scheduled Collateral Loan Count ~~396~~377 Number Of Loans Paid In Full 1920 Ending Scheduled Collateral Loan Count ~~377~~357 Beginning Scheduled Collateral Balance 9994,~~873~~519,~~448~~541.1551 Ending Scheduled Collateral Balance 9488,~~519~~149,~~541~~888.5152 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 9488,~~626~~255,~~698~~276.3408 Monthly P &I Constant ~~597~~567,~~889~~446.7077 Special Servicing Fee 0.00 Prepayment Penalties ~~800~~0.00 Realized Loss Amount ~~45,211~~0.3200 Cumulative Realized Loss 85,396.07 Ending Scheduled Balance for Premium Loans 9488,~~519~~149,~~541~~888.5152 Scheduled Principal ~~116~~109,~~545~~861.0262 Unscheduled Principal 56,~~237~~259,~~361~~791.6237 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,685,331.00 Overcollateralized Amount 1,685,331.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~45,211~~0.3200 Excess Cash Amount ~~269~~226,~~739~~624.9577

Group Level Collateral Statement Group Cap Loan Pool Non Cap Loan Pool Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~267229~~275024 5.~~260216~~306514 5.~~783455~~809404 Weighted Average Net Rate 6.~~148417~~155314 45.~~984527~~025228 5.~~589279~~612015 Weighted Average Maturity ~~333~~332 330 331 ~~332~~ Beginning Loan Count ~~200~~190 ~~196~~187 ~~396~~377 Loans Paid In Full 1014 96 1920 Ending Loan Count ~~190~~176 ~~187~~181 ~~377~~357 Beginning Scheduled Balance 5149,~~893~~078,~~815~~387.9324 4745,~~979~~441,~~632~~154.2227 9994,~~873~~519,~~448~~541.1551 Ending scheduled Balance 4944,~~078~~599,~~387~~672.2448 4543,~~441~~550,~~154~~216.2704 9488,~~519~~149,~~541~~888.5152 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant ~~332~~314,~~556~~652.1336 ~~265~~252,~~333~~794.5741 ~~597~~567,~~889~~446.7077 Scheduled Principal 6158,~~530~~012.7931 5551,~~014~~849.2331 ~~116~~109,~~545~~861.0262 Unscheduled Principal 24,~~753~~420,~~897~~702.9045 21,~~483~~839,~~463~~088.7292 56,~~237~~259,~~361~~791.6237 Scheduled Interest ~~271~~256,~~025~~640.3405 ~~210~~200,~~319~~945.3410 ~~481~~457,~~344~~585.6815 Servicing Fees 54,~~138~~895.0197 1110,~~022~~651.8764 1615,~~160~~547.8861 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1211,~~219~~352.9614 5,~~458~~000.2891 1716,~~678~~353.2405 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 ~~253~~240,~~667~~391.3794 ~~193~~185,~~838~~292.1955 ~~447~~425,~~505~~684.5649 Realized Loss Amount 0.00 ~~45,211~~0.3200 ~~45,211~~0.3200 Cumulative Realized Loss 0.00 85,396.07 85,396.07 Percentage of Cumulative Losses 0.0000 0.0611 0.0253 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~865841~~877747 4.~~848011~~893165 5.~~376871~~404400

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PASS THR CERT SER 2002-2