8-K 1 abn02003_200205.htm MONTHLY DISTRIBUTION STATEMENTS 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: April 22, 2002
(Date of earliest event reported)

ABN AMRO Mortgage Corporation (as depositor under Pooling and
Servicing Agreement, dated as of March 1, 2002 providing for,
inter alia, the issuance of ABN AMRO Mortgage Corporation
Mortgage Pass-through Certificates Series 2002-3)

Delaware (State or other jurisdiction of organization)
333-73036-03 (Commission File No.)
363886007 (I.R.S. Employer Identification No.)

135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, including area code
(312) 904-2000

(Former name or former address, if changed since
last report.)

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to
Section 4.01 of the Pooling and Servicing Agreement
for the distribution on May 28, 2002.

Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on behalf of the Registrant by the undersigned
thereunto duly authorized.

LASALLE BANK N.A. IN
ITS CAPACITY AS AGENT FOR THE
TRUSTEE UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF ABN AMRO Mortgage
Corporation, REGISTRANT

By:

/s/ Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President

Date: May 28, 2002.

ABN AMRO

LASALLE BANK

N.A.

ABN AMRO MORTGAGE CORPORATION

STATEMENT DATE:

05/28/2002

ABN AMRO MORTGAGE GROUP, INC., AS SERVICER

PAYMENT DATE:

05/28/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES

PRIOR PAYMENT:

04/25/2002

SERIES 2002-3

NEXT PAYMENT:

06/25/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8967-30-8

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

STEFANIE EDWARDS 312-904-8975

HUNG HUYNH 714-238-6716

STEFANIE.EDWARDS@ABNAMRO.COM

HUNG.B.HUYNH@ABNAMRO.COM

PAGE(S)

ISSUE ID:

ABN02003

CLOSING DATE:

3/28/2002

STATEMENTS TO CERTIFICATEHOLDERS

PAGE 2

CASH RECONCILIATION SUMMARY

PAGE 3

FIRST PAYMENT DATE:

4/25/2002

MONTHLY DATA FILE NAME:

BOND INTEREST RECONCILIATION

PAGE 4

ASSUMED FINAL PAYMENT: DATE:

4/25/2017

ABN02003_200205_3.ZIP

OTHER RELATED INFORMATION

PAGE 5

ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY

PAGE 6

REALIZED LOSS DETAIL

PAGE 7

PARTIES TO THE TRANSACTION

DEPOSITOR: ABN AMRO INC.

UNDERWRITER: GOLDMAN SACHS & CO.

MASTER SERVICER: ABN AMRO MORTGAGE GROUP, INC.

SPECIAL SERVICER: ABN AMRO MORTGAGE GROUP, INC.

RATING AGENCY: STANDARD & POOR'S CORPORATION/FITCH, INC./MOODY'S INVESTORS SERVICE, INC.

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

LASALLE FACTOR LINE

(800) 246-5761

05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.

PAGE 1 OF 7





	ABN AMRO

	LASALLE BANK		N.A.
*ABN AMRO MORTGAGE CORPORATION*

										*ABN AMRO MORTGAGE GROUP, INC., AS SERVICER*																											STATEMENT DATE:								05/28/2002

										*MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES*																											PAYMENT DATE:						05/28/2002

WAC:						6.489047%				*SERIES 2002-3*																											PRIOR PAYMENT:							04/25/2002
																																		NEXT PAYMENT:							06/25/2002
WAMM:						176
																																		RECORD DATE:								04/30/2002
										*REMIC II*
										*ABN AMRO ACCT: 67-8967-30-8*


									ORIGINAL							OPENING		PRINCIPAL			PRINCIPAL			NEGATIVE				CLOSING					INTEREST				INTEREST				PASS-THROUGH
				CLASS				FACE VALUE (1)								BALANCE		PAYMENT			ADJ. OR LOSS			AMORTIZATION				BALANCE					PAYMENT (2)				ADJUSTMENT				RATE

			CUSIP												PER $ 1000				PER $ 1000			PER $ 1000			PER $ 1000				PER $ 1000						PER $ 1000		PER $ 1000		NEXT RATE(3)
	A-1						12,509,795.00					12,460,918.39					46,276.72			0.00			0.00				12,414,641.67				57,112.54					0.00				5.50000000%
	00077BH48													996.092932778			3.699238876			0.000000000			0.000000000				992.393693901					4.565425732				0.000000000						FIXED

	A-2						54,746,000.00					53,978,073.69					210,951.57			0.00			0.00				53,767,122.12				269,890.37					0.00				6.00000000%
	00077BH55													985.972923867			3.853278230			0.000000000			0.000000000				982.119645636					4.929864648				0.000000000						FIXED

	A-3						46,594,773.00					45,821,559.02					189,991.42			0.00			0.00				45,631,567.60				238,653.95					0.00				6.25000000%
	00077BH63													983.405563967			4.077526464			0.000000000			0.000000000				979.328037503					5.121903910				0.000000000						FIXED

	A-4						57,728,683.00					57,532,228.60					888,411.91			0.00			0.00				56,643,816.69				311,632.90					0.00				6.50000000%
	00077BH71													996.596936050			15.389436651			0.000000000			0.000000000				981.207499399					5.398233318				0.000000000						FIXED

	A-X						1,124,123.00				N	1,120,399.77					0.00			0.00			0.00				1,116,560.04				6,068.83					0.00				6.50000000%
	00077BH89													996.687880241			0.000000000			0.000000000			0.000000000				993.272124136					5.398724161				0.000000000						FIXED

	A-P						26,970.00					26,860.93					109.58			0.00			0.00				26,751.35				0.00					0.00				N/A
	00077BH97													995.955876900			4.063033000			0.000000000			0.000000000				991.892843901					0.000000000				0.000000000

	M						956,000.00					952,717.54					3,305.70			0.00			0.00				949,411.84				4,763.59					0.00				6.00000000%
	00077BJ20													996.566464435			3.457845188			0.000000000			0.000000000				993.108619247					4.982834728				0.000000000						FIXED

	B-1						435,000.00					433,506.41					1,504.16			0.00			0.00				432,002.25				2,167.53					0.00				6.00000000%
	00077BJ38													996.566459770			3.457839080			0.000000000			0.000000000				993.108620690					4.982827586				0.000000000						FIXED

	B-2						347,000.00					345,808.56					1,199.87			0.00			0.00				344,608.69				1,729.04					0.00				6.00000000%
	00077BJ46													996.566455331			3.457838617			0.000000000			0.000000000				993.108616715					4.982824207				0.000000000						FIXED

	B-3						174,000.00					173,402.57					601.66			0.00			0.00				172,800.91				867.01					0.00				6.00000000%
	00077BJ61													996.566494253			3.457816092			0.000000000			0.000000000				993.108678161					4.982816092				0.000000000						FIXED

	B-4						86,890.00					86,591.66					300.45			0.00			0.00				86,291.21				432.96					0.00				6.00000000%
	00077BJ79													996.566463344			3.457820232			0.000000000			0.000000000				993.108643112					4.982851882				0.000000000						FIXED

	B-5						174,171.67					173,573.65					602.26			0.00			0.00				172,971.39				867.87					0.00				6.00000000%
	00077BJ87													996.566490980			3.457852818			0.000000000			0.000000000				993.108638161					4.982842502				0.000000000						FIXED

	R-2						100.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				6.00000000%
	00077BJ53													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000						FIXED



		TOTAL			173,779,382.67								171,985,241.02				1,343,255.30			0.00			0.00				170,641,985.72				894,186.59					0.00

																										TOTAL P&I PAYMENT				2,237,441.89


NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS
05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.																																						PAGE 2 OF 7

ABN AMRO

LASALLE BANK

N.A.

ABN AMRO MORTGAGE CORPORATION

ABN AMRO MORTGAGE GROUP, INC., AS SERVICER

STATEMENT DATE:

05/28/2002

MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES

PAYMENT DATE:

05/28/2002

PRIOR PAYMENT:

04/25/2002

SERIES 2002-3

NEXT PAYMENT:

06/25/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8967-30-8

CASH RECONCILIATION SUMMARY

INTEREST SUMMARY

SERVICING FEE SUMMARY

PRINCIPAL SUMMARY

CURRENT SCHEDULED INTEREST

164,464.13

CURRENT SERVICING FEES

6,351.11

SCHEDULED:

LESS DEFERRED INTEREST

0.00

PLUS FEES ADVANCED FOR PPIS

0.00

CURRENT SCHEDULED PRINCIPAL

101,047.99

PLUS ADVANCE INTEREST

736,073.60

LESS REDUCTION FOR PPIS

0.00

ADVANCED SCHEDULED PRINCIPAL

479,332.51

PLUS UNSCHEDULED INTEREST

0.00

PLUS DELINQUENT SERVICING FEES

29,479.15

SCHEDULED PRINCIPAL DISTRIBUTION

580,380.50

PPIS REDUCING SCHEDULED INTEREST

0.00

TOTAL SERVICING FEES

35,830.26

UNSCHEDULED:

LESS TOTAL FEES PAID TO SERVICER

(6,351.11)

CURTAILMENTS

69,683.57

PLUS FEES ADVANCED FOR PPIS

0.00

PREPAYMENTS IN FULL

693,191.24

LESS FEE STRIPS PAID BY SERVICER

0.00

PPIS SUMMARY

LIQUIDATION PROCEEDS

0.00

LESS MISC. FEES & EXPENSES

0.00

GROSS PPIS

0.00

REPURCHASE PROCEEDS

0.00

LESS NON RECOVERABLE ADVANCES

0.00

REDUCED BY PPIE

0.00

OTHER PRINCIPAL PROCEEDS

0.00

INTEREST DUE TRUST

895,619.82

REDUCED BY SHORTFALLS IN FEES

0.00

UNSCHEDULED PRINCIPAL DISTRIBUTION

762,874.81

LESS TRUSTEE FEE

(1,433.21)

REDUCED BY OTHER AMOUNTS

0.00

REMITTANCE PRINCIPAL

1,343,255.31

LESS FEE STRIPS PAID BY TRUST

0.00

NET PPIS

0.00

LESS MISC. FEES PAID BY TRUST

0.00

PPIS REDUCING SERVICING FEE

0.00

SERVICER WIRE AMOUNT

2,238,875.13

LESS INTEREST RESERVE WITHHOLDING

0.00

PPIS ALLOCATED TO CERTIFICATES

0.00

PLUS INTEREST RESERVE DEPOSIT

0.00

REMITTANCE INTEREST

894,186.61

POOL BALANCE SUMMARY

BALANCE/AMOUNT

COUNT

BEGINNING POOL

171,985,243.73

348

SCHEDULED PRINCIPAL DISTRIBUTION

580,380.50

UNSCHEDULED PRINCIPAL DISTRIBUTION

762,874.81

DEFERRED INTEREST

0.00

LIQUIDATIONS

0.00

REPURCHASES

0.00

ENDING POOL

170,641,988.42

347

ADVANCES

PRIOR OUTSTANDING

CURRENT PERIOD

RECOVERED

ENDING OUTSTANDING

PRINCIPAL

INTEREST

PRINCIPAL

INTEREST

PRINCIPAL

INTEREST

PRINCIPAL

INTEREST

MADE BY: SERVICER

12,929.82

20,436.02

479,332.51

736,073.60

11,832.81

18,553.92

480,429.52

737,955.70

05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.

PAGE 3 OF 7





	ABN AMRO

	LASALLE BANK	N.A.

				*ABN AMRO MORTGAGE CORPORATION*

															*ABN AMRO MORTGAGE GROUP, INC., AS SERVICER*																																		STATEMENT DATE:								05/28/2002
																																																	PAYMENT DATE:								05/28/2002
															*MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES*
																																																	PRIOR PAYMENT:									04/25/2002
															*SERIES 2002-3*
																																																	NEXT PAYMENT:										06/25/2002
																																	RECORD DATE:								04/30/2002


															*ABN AMRO ACCT: 67-8967-30-8*
															*BOND INTEREST RECONCILIATION*


																							DEDUCTIONS																							ADDITIONS
																																	REMAINING
															ACCRUAL							PASS							ACCRUED								ADD.
DEFERRED &

					PRIOR						PREPAY-					OTHER	DISTRIBUTABLE							INTEREST			OUTSTANDING
																																	CREDIT SUPPORT
													THRU								CERTIFICATE							ALLOCABLE				TRUST				ACCRETION				INTEREST			INT. SHORT-							MENT					INTEREST					CERTIFICATE		PAYMENT			INTEREST
			CLASS			METHOD DAYS								RATE						INTEREST							PPIS					EXPENSE (1)			INTEREST				LOSSES			FALLS DUE									PENALTIES			PROCEEDS (2)
INTEREST

			AMOUNT					SHORTFALLS				ORIGINAL							CURRENT(3)

		A-1					30/360		30	5.500000000%								57,112.54								0.00					0.00				0.00			0.00							0.00		0.00					0.00				57,112.54					57,112.54		0.00			0.60%	0.61%
		A-2					30/360		30	6.000000000%								269,890.37								0.00					0.00				0.00			0.00							0.00		0.00					0.00				269,890.37					269,890.37		0.00			0.60%	0.61%
		A-3					30/360		30	6.250000000%								238,653.95								0.00					0.00				0.00			0.00							0.00		0.00					0.00				238,653.95					238,653.95		0.00			0.60%	0.61%
		A-4					30/360		30	6.500000000%								311,632.90								0.00					0.00				0.00			0.00							0.00		0.00					0.00				311,632.90					311,632.90		0.00			0.60%	0.61%
		A-X					30/360		30	6.500000000%								6,068.83								0.00					0.00				0.00			0.00							0.00		0.00					0.00				6,068.83					6,068.83		0.00			0.60%	0.61%
		M					30/360		30	6.000000000%								4,763.59								0.00					0.00				0.00			0.00							0.00		0.00					0.00				4,763.59					4,763.59		0.00			0.05%	0.05%
		B-1					30/360		30	6.000000000%								2,167.53								0.00					0.00				0.00			0.00							0.00		0.00					0.00				2,167.53					2,167.53		0.00			0.00%	0.00%
		B-2					30/360		30	6.000000000%								1,729.04								0.00					0.00				0.00			0.00							0.00		0.00					0.00				1,729.04					1,729.04		0.00			0.00%	0.00%
		B-3					30/360		30	6.000000000%								867.01								0.00					0.00				0.00			0.00							0.00		0.00					0.00				867.01					867.01		0.00			0.00%	0.00%
		B-4					30/360		30	6.000000000%								432.96								0.00					0.00				0.00			0.00							0.00		0.00					0.00				432.96					432.96		0.00			0.00%	0.00%
		B-5					30/360		30	6.000000000%								867.87								0.00					0.00				0.00			0.00							0.00		0.00					0.00				867.87					867.87		0.00			0.00%	0.00%
																			894,186.59						0.00					0.00				0.00				0.00						0.00				0.00					0.00			894,186.59					894,186.59			0.00

	(1) ADDITIONAL TRUST EXPENSES ARE FEES ALLOCATED DIRECTLY TO THE BOND RESULTING IN A DEDUCTION TO ACCRUED INTEREST.
	(2) OTHER INTEREST PROCEEDS INCLUDE DEFAULT INTEREST, PPIE, INTEREST DUE ON OUTSTANDING LOSSES, INTEREST DUE ON OUTSTANDING SHORTFALLS AND RECOVERIES OF INTEREST.
	(3) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
																																	PAGE 4 OF 7
	05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

ABN AMRO MORTGAGE CORPORATION

ABN AMRO MORTGAGE GROUP, INC., AS SERVICER

STATEMENT DATE:

05/28/2002

MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES

PAYMENT DATE:

05/28/2002

PRIOR PAYMENT:

04/25/2002

SERIES 2002-3

NEXT PAYMENT:

06/25/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8967-30-8

OTHER RELATED INFORMATION

SPECIAL HAZARD COVERAGE

FRAUD LOSS COVERAGE

BANKRUPTCY LOSS COVERAGE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

2,467,142.00

0.00

2,467,142.00

1,737,794.00

0.00

1,737,794.00

100,000.00

0.00

100,000.00

TOTAL

NUMBER OF PAYOFFS:

AGGREGATE PAYOFF AMOUNTS:

693,191.24

NUMBER OF CURTAILMENTS:

AGGREGATE CURTAILMENT AMOUNTS:

0.00

NUMBER OF LOANS IN FORECLOSURE:

BOOK VALUE OF LOANS IN FORECLOSURE:

0.00

PRIOR REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:

0.00

CURRENT REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:

0.00

CUMULATIVE REALIZED LOSSES ALLOCATED TO THE CERTIFICATES SINCE CUTOFF:

0.00

05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.

PAGE 5 OF 7





		ABN AMRO

		LASALLE BANK		N.A.
		*ABN AMRO MORTGAGE CORPORATION*

																																	STATEMENT DATE:							05/28/2002
												*ABN AMRO MORTGAGE GROUP, INC., AS SERVICER*																															PAYMENT DATE:							05/28/2002
																																											*MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES*
												PRIOR PAYMENT:									04/25/2002
												*SERIES 2002-3*
																																											NEXT PAYMENT:									06/25/2002
																																	RECORD DATE:									04/30/2002

												*ABN AMRO ACCT: 67-8967-30-8*

												*ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY*



											DELINQUENCY AGING CATEGORIES																									SPECIAL EVENT CATEGORIES (1)


DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE							REO				MODIFICATIONS									SPECIALLY SERVICED						BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE						# BALANCE							# BALANCE							# BALANCE							# BALANCE


					5/28/02		6		2,190,632						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						1.73%				1.28%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%				0.00%
					4/25/02		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%				0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.																																											PAGE 6 OF 7

ABN AMRO

LASALLE BANK

N.A.

ABN AMRO MORTGAGE CORPORATION

STATEMENT DATE:

05/28/2002

ABN AMRO MORTGAGE GROUP, INC., AS SERVICER

PAYMENT DATE:

05/28/2002

MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES

PRIOR PAYMENT:

04/25/2002

SERIES 2002-3

NEXT PAYMENT:

06/25/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8967-30-8

REALIZED LOSS DETAIL

BEGINNING

SCHEDULED

BALANCE

GROSS PROCEEDS

AS A % OF

SCHED. BALANCE

AGGREGATE

LIQUIDATION

EXPENSES *

NET

LIQUIDATION

PROCEEDS

NET PROCEEDS

AS A % OF

SCHED. BALANCE

PERIOD

DISCLOSURE

CONTROL #

APPRAISAL

DATE

APPRAISAL

VALUE

GROSS

PROCEEDS

REALIZED

LOSS

CURRENT TOTAL

CUMULATIVE

* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..

05/20/2002 - 13:56 (H497-H509) 2002 LASALLE BANK N.A.

PAGE 7 OF 7

ABN AMRO MORTGAGE CORP SERIES 2002-3 8-K