8-K 1 bsl02002_dec.txt DEC.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): December 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 Pooling and Servicing Agreement) (Commission 90-0071998 (State or other File Number) 90-0072002 jurisdiction IRS EIN 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 December 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 December 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: 1/3/05 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 27, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 811/3130/~~2004~~04 Distribution Date: 912/27/~~2004~~04 ~~BSL~~Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates 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 2.~~11500~~68063% 7357,~~115~~978,~~910~~139.5139 ~~141~~133,~~753~~832.4510 63,~~369~~496,~~652~~134.9930 M-1 07386HAU5 SUB 2.~~31500~~88063% 8,426,600.00 1720,~~881~~902.9554 0.00 M-2 07386HAV3 SUB 23.~~61500~~18063% 7,415,500.00 1720,~~775~~310.5713 0.00 M-3 07386HAW1 SUB 34.~~61500~~18063% 3,876,200.00 1213,~~844~~954.7627 0.00 B-IO 07386HAZ4 SUB 0.00000% 1,685,331.00 ~~226~~166,~~624~~364.7968 0.00 XP 07386HAX9 SEN 0.00000% 100.00 1019,~~293~~450.2942 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 9479,~~519~~381,~~641~~870.5139 ~~427~~374,~~173~~814.8114 63,~~369~~496,~~652~~134.9930

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 6654,~~746~~482,~~257~~005.5209 63,~~511~~629,~~406~~966.4440 0.00 M-1 0.00 8,426,600.00 1720,~~881~~902.9554 0.00 M-2 0.00 7,415,500.00 1720,~~775~~310.5713 0.00 M-3 0.00 3,876,200.00 1213,~~844~~954.7627 0.00 B-IO 0.00 1,685,331.00 ~~226~~166,~~624~~364.7968 0.00 XP 0.00 100.00 1019,~~293~~450.2942 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 8875,~~149~~885,~~988~~736.5209 63,~~796~~870,~~826~~948.8044 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 7357,~~115~~978,~~910~~139.5139 0.00 63,~~369~~496,~~652~~134.9930 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 9479,~~519~~381,~~641~~870.5139 0.00 63,~~369~~496,~~652~~134.9930 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 63,~~369~~496,~~652~~134.9930 6654,~~746~~482,~~257~~005.5209 0.~~21032526~~17167916 63,~~369~~496,~~652~~134.9930 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 63,~~369~~496,~~652~~134.9930 8875,~~149~~885,~~988~~736.5209 0.~~26152122~~22513594 63,~~369~~496,~~652~~134.9930

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 317,347,800.00 ~~230~~182.~~39677764~~69589198 0.00000000 2011.~~07152087~~01672770 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 2011.~~07152087~~01672770 ~~210~~171.~~32525677~~67916428 0.~~21032526~~17167916 2011.~~07152087~~01672770 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 2.~~11500~~68063% 7357,~~115~~978,~~910~~139.5139 ~~141~~133,~~753~~832.4711 0.00 0.00 M-1 8,426,600.00 2.~~31500~~88063% 8,426,600.00 1720,~~881~~902.9554 0.00 0.00 M-2 7,415,500.00 23.~~61500~~18063% 7,415,500.00 1720,~~775~~310.5713 0.00 0.00 M-3 3,876,200.00 34.~~61500~~18063% 3,876,200.00 1213,~~844~~954.7627 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 ~~190~~188,~~255~~999.7505 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 0.0201 0.00 ~~141~~133,~~753~~832.4510 0.00 6654,~~746~~482,~~257~~005.5209 M-1 0.00 0.00 1720,~~881~~902.9554 0.00 8,426,600.00 M-2 0.00 0.00 1720,~~775~~310.5713 0.00 7,415,500.00 M-3 0.00 0.00 1213,~~844~~954.7627 0.00 3,876,200.00 B-IO 0.00 0.00 ~~226~~166,~~624~~364.7968 0.00 1,685,331.00 XP 0.00 0.00 1019,~~293~~450.2942 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 0.0201 0.00 ~~427~~374,~~173~~814.8114 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 2.~~11500~~68063% ~~230~~182.~~39677764~~69589198 0.~~44668175~~42172062 0.00000000 0.00000000 M-1 8,426,600.00 2.~~31500~~88063% 1000.00000000 2.~~12208364~~48054257 0.00000000 0.00000000 M-2 7,415,500.00 23.~~61500~~18063% 1000.00000000 2.~~39708314~~73887533 0.00000000 0.00000000 M-3 3,876,200.00 34.~~61500~~18063% 1000.00000000 3.~~31375058~~59998710 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~~00000003 0.00000000 0.~~44668168~~42172059 0.00000000 ~~210~~171.~~32525677~~67916428 M-1 0.00000000 0.00000000 2.~~12208364~~48054257 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~39708314~~73887533 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~31375058~~59998710 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~2448409~~1797371.~~57216940~~21866897 0.00000000 18207984.01037160 XP 0.00000000 0.00000000 ~~102932~~194504.~~90000000~~20000000 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 63,~~835~~906,~~105~~450.4357 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 15,~~460~~990.8695 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 63,~~850~~922,~~566~~441.2952 Withdrawals Reimbursement for Servicer Advances 2124,~~838~~626.8330 Payment of Service Fee 3126,~~900~~866.6678 Payment of Interest and Principal 63,~~796~~870,~~826~~948.8044 Total Withdrawals (Pool Distribution Amount) 63,~~850~~922,~~566~~441.2952 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~(8,803~~0.~~98)~~00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~(8,803~~0.~~98)~~01

SERVICING FEES Gross Servicing Fee 1513,~~547~~743.6167 Additional Servicing Fee 1613,~~353~~123.0511 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3126,~~900~~866.6678

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 2 0 0 0 2 ~~334~~365,~~106~~178.5671 0.00 0.00 0.00 ~~334~~365,~~106~~178.5671 60 Days 20 0 0 0 20 ~~352,240~~0.9600 0.00 0.00 0.00 ~~352,240~~0.9600 90 Days 0 0 02 0 02 0.00 0.00 0599,980.0053 0.00 0599,980.0053 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 42 45 87 0.00 0.00 1751,~~147,344~~474.6057 ~~613~~799,~~574~~376.2658 1,~~760~~550,~~918~~851.8615 Totals 42 1 4 45 1312 ~~686~~365,~~347~~178.5271 234,000.00 1,~~147~~351,~~344~~455.6010 ~~613~~799,~~574~~376.2658 2,~~681~~750,~~266~~010.3839 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.~~280112~~312500% 0.000000% 0.000000% 0.~~280112~~312500% 0.~~265140~~307937% 0.000000% 0.000000% 0.~~265140~~307937% 30 Days 0.~~560224~~625000% 0.000000% 0.000000% 0.000000% 0.~~560224~~625000% 0.~~378568~~480564% 0.000000% 0.000000% 0.000000% 0.~~378568~~480564% 60 Days 0.~~560224~~000000% 0.000000% 0.000000% 0.000000% 0.~~560224~~000000% 0.~~399116~~000000% 0.000000% 0.000000% 0.000000% 0.~~399116~~000000% 90 Days 0.000000% 0.000000% 0.~~000000~~625000% 0.000000% 0.~~000000~~625000% 0.000000% 0.000000% 0.~~000000~~789556% 0.000000% 0.~~000000~~789556% 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% 10.~~120448~~625000% 1.~~120448~~562500% 2.~~240896~~187500% 0.000000% 0.000000% 10.~~300029~~988917% 01.~~695227~~051955% 12.~~995256~~040872% Totals 10.~~120448~~625000% 0.~~280112~~312500% 1.~~120448~~250000% 1.~~120448~~562500% 3.~~641457~~750000% 0.~~777684~~480564% 0.~~265140~~307937% 1.~~300029~~778473% 01.~~695227~~051955% 3.~~038081~~618928%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 15,~~460~~990.8695

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~809404~~801938% Weighted Average Net Coupon 5.~~612015~~594177% Weighted Average Pass-Through Rate 5.~~404400~~395798% Weighted Average Maturity(Stepdown Calculation ) ~~331~~328 Beginning Scheduled Collateral Loan Count ~~377~~329 Number Of Loans Paid In Full 209 Ending Scheduled Collateral Loan Count ~~357~~320 Beginning Scheduled Collateral Balance 9479,~~519~~381,~~541~~770.5139 Ending Scheduled Collateral Balance 8875,~~149~~885,~~888~~636.5209 Ending Actual Collateral Balance at 3130-~~Aug~~Nov-2004 8875,~~255~~989,~~276~~638.0829 Monthly P &I Constant ~~567~~480,~~446~~612.7735 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 85,396.07 Ending Scheduled Balance for Premium Loans 8875,~~149~~885,~~888~~636.5209 Scheduled Principal ~~109~~96,~~861~~805.6260 Unscheduled Principal 63,~~259~~399,~~791~~328.3770 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 0.00 Excess Cash Amount ~~226~~166,~~624~~364.7766

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.~~275024~~261600 5.~~306514~~380597 5.~~809404~~801938 Weighted Average Net Rate 6.~~155314~~137049 5.~~025228~~096565 5.~~612015~~594177 Weighted Average Maturity ~~332~~329 ~~330~~327 ~~331~~328 Beginning Loan Count ~~190~~154 ~~187~~175 ~~377~~329 Loans Paid In Full 142 67 209 Ending Loan Count ~~176~~152 ~~181~~168 ~~357~~320 Beginning Scheduled Balance 4937,~~078~~964,~~387~~407.2494 4541,~~441~~417,~~154~~362.2745 9479,~~519~~381,~~541~~770.5139 Ending scheduled Balance 4437,~~599~~456,~~672~~370.4850 4338,~~550~~429,~~216~~265.0459 8875,~~149~~885,~~888~~636.5209 Record Date 0811/3130/2004 0811/3130/2004 0811/3130/2004 Principal And Interest Constant ~~314~~245,~~652~~909.3655 ~~252~~234,~~794~~702.4180 ~~567~~480,~~446~~612.7735 Scheduled Principal 5847,~~012~~811.3126 5148,~~849~~994.3134 ~~109~~96,~~861~~805.6260 Unscheduled Principal 4460,~~420,702~~226.4518 12,~~839~~939,~~088~~102.9252 63,~~259~~399,~~791~~328.3770 Scheduled Interest ~~256~~198,~~640~~098.0529 ~~200~~185,~~945~~708.1046 ~~457~~383,~~585~~806.1575 Servicing Fees 43,~~895~~940.9743 109,~~651~~803.6424 1513,~~547~~743.6167 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 118,~~352~~655.14 54,~~000~~467.9197 1613,~~353~~123.0511 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 ~~240~~185,~~391~~502.9472 ~~185~~171,~~292~~437.5525 ~~425~~356,~~684~~939.4997 Realized Loss Amount 0.00 0.00 0.00 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.~~877747~~863473 4.~~893165~~967113 5.~~404400~~395798

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