ABN AMRO MORTGAGE CORP SERIES 2002-3 - 8-K - 20021024 - FINANCIAL_STATEMENTS_AND_EXHIBITS
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 October 25, 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: October 25, 2002.
ABN AMRO
LASALLE BANK
N.A.
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE:
10/25/2002
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
PAYMENT DATE:
10/25/2002
135 S. LASALLE STREET SUITE 1625
CHICAGO, IL 60603-4159
USA
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PRIOR PAYMENT:
09/25/2002
SERIES 2002-3
NEXT PAYMENT:
11/25/2002
RECORD DATE:
09/30/2002
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_200210_3.ZIP
OTHER RELATED INFORMATION
PAGE 5
ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY
PAGE 6
ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY
PAGE 7
MODIFIED LOAN DETAIL
PAGE 8
REALIZED LOSS DETAIL
PAGE 9
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 RATING SERVICES/FITCH RATINGS/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
10/23/2002 - 09:24 (H497-H509) 2002 LASALLE BANK N.A.
PAGE 1 OF 9
ABN AMRO
LASALLE BANK
N.A.
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
STATEMENT DATE:
10/25/2002
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PAYMENT DATE:
10/25/2002
WAC:
6.451270%
SERIES 2002-3
PRIOR PAYMENT:
09/25/2002
NEXT PAYMENT:
11/25/2002
WAMM:
170
RECORD DATE:
09/30/2002
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
12,207,247.22
924,645.15
0.00
0.00
11,282,602.07
55,949.88
0.00
5.50000000%
00077BH48
975.815128865
73.913693230
0.000000000
0.000000000
901.901435635
4.472485760
0.000000000
FIXED
A-2
54,746,000.00
52,144,818.17
4,037,565.47
0.00
0.00
48,107,252.70
260,724.09
0.00
6.00000000%
00077BH55
952.486358273
73.750876228
0.000000000
0.000000000
878.735482044
4.762431776
0.000000000
FIXED
A-3
46,594,773.00
42,609,210.69
3,812,722.02
0.00
0.00
38,796,488.67
221,922.97
0.00
6.25000000%
00077BH63
914.463317377
81.827247447
0.000000000
0.000000000
832.636069930
4.762829728
0.000000000
FIXED
A-4
57,728,683.00
43,745,166.28
3,585,721.48
0.00
0.00
40,159,444.80
236,952.98
0.00
6.50000000%
00077BH71
757.771769711
62.113342859
0.000000000
0.000000000
695.658426852
4.104597016
0.000000000
FIXED
A-X
1,124,123.00
N
692,733.76
0.00
0.00
0.00
635,246.70
3,752.31
0.00
6.50000000%
00077BH89
616.243738452
0.000000000
0.000000000
0.000000000
565.104263501
3.337988814
0.000000000
FIXED
A-P
26,970.00
26,307.86
112.18
0.00
0.00
26,195.68
0.00
0.00
N/A
00077BH97
975.449017427
4.159436411
0.000000000
0.000000000
971.289581016
0.000000000
0.000000000
M
956,000.00
935,972.45
3,422.75
0.00
0.00
932,549.70
4,679.86
0.00
6.00000000%
00077BJ20
979.050679916
3.580282427
0.000000000
0.000000000
975.470397490
4.895251046
0.000000000
FIXED
B-1
435,000.00
425,887.05
1,557.42
0.00
0.00
424,329.63
2,129.44
0.00
6.00000000%
00077BJ38
979.050689655
3.580275862
0.000000000
0.000000000
975.470413793
4.895264368
0.000000000
FIXED
B-2
347,000.00
339,730.59
1,242.36
0.00
0.00
338,488.23
1,698.65
0.00
6.00000000%
00077BJ46
979.050691643
3.580288184
0.000000000
0.000000000
975.470403458
4.895244957
0.000000000
FIXED
B-3
174,000.00
170,354.83
622.97
0.00
0.00
169,731.86
851.77
0.00
6.00000000%
00077BJ61
979.050747126
3.580287356
0.000000000
0.000000000
975.470459770
4.895229885
0.000000000
FIXED
B-4
86,890.00
85,069.71
311.09
0.00
0.00
84,758.62
425.35
0.00
6.00000000%
00077BJ79
979.050638739
3.580273910
0.000000000
0.000000000
975.470364829
4.895269881
0.000000000
FIXED
B-5
174,171.67
170,522.90
623.58
0.00
0.00
169,899.32
852.61
0.00
6.00000000%
00077BJ87
979.050726217
3.580260785
0.000000000
0.000000000
975.470465432
4.895227795
0.000000000
FIXED
R-2
100.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
N/A
00077BJ53
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
FIXED
TOTAL
173,779,382.67
152,860,287.75
12,368,546.47
0.00
0.00
140,491,741.28
789,939.91
0.00
TOTAL P&I PAYMENT
13,158,486.38
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
10/23/2002 - 09:24 (H497-H509) 2002 LASALLE BANK N.A.
PAGE 2 OF 9
ABN AMRO
LASALLE BANK
N.A.
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
STATEMENT DATE:
10/25/2002
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PAYMENT DATE:
10/25/2002
PRIOR PAYMENT:
09/25/2002
SERIES 2002-3
NEXT PAYMENT:
11/25/2002
RECORD DATE:
09/30/2002
ABN AMRO ACCT: 67-8967-30-8
CASH RECONCILIATION SUMMARY
INTEREST SUMMARY
SERVICING FEE SUMMARY
PRINCIPAL SUMMARY
CURRENT SCHEDULED INTEREST
758,925.42
CURRENT SERVICING FEES
29,397.47
SCHEDULED:
LESS DEFERRED INTEREST
0.00
PLUS FEES ADVANCED FOR PPIS
0.00
CURRENT SCHEDULED PRINCIPAL
504,170.62
PLUS ADVANCE INTEREST
60,411.98
LESS REDUCTION FOR PPIS
0.00
ADVANCED SCHEDULED PRINCIPAL
43,939.12
PLUS UNSCHEDULED INTEREST
0.00
PLUS DELINQUENT SERVICING FEES
2,448.43
SCHEDULED PRINCIPAL DISTRIBUTION
548,109.74
PPIS REDUCING SCHEDULED INTEREST
0.00
TOTAL SERVICING FEES
31,845.89
UNSCHEDULED:
LESS TOTAL FEES PAID TO SERVICER
(29,397.47)
CURTAILMENTS
68,401.31
PLUS FEES ADVANCED FOR PPIS
0.00
PREPAYMENTS IN FULL
11,752,035.43
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
791,213.77
REDUCED BY SHORTFALLS IN FEES
0.00
UNSCHEDULED PRINCIPAL DISTRIBUTION
11,820,436.74
LESS TRUSTEE FEE
(1,273.84)
REDUCED BY OTHER AMOUNTS
0.00
REMITTANCE PRINCIPAL
12,368,546.48
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
13,159,760.25
LESS INTEREST RESERVE WITHHOLDING
0.00
PPIS ALLOCATED TO CERTIFICATES
0.00
PLUS INTEREST RESERVE DEPOSIT
0.00
REMITTANCE INTEREST
789,939.94
POOL BALANCE SUMMARY
BALANCE/AMOUNT
COUNT
BEGINNING POOL
152,860,290.45
320
SCHEDULED PRINCIPAL DISTRIBUTION
548,109.74
UNSCHEDULED PRINCIPAL DISTRIBUTION
11,820,436.74
23
DEFERRED INTEREST
0.00
LIQUIDATIONS
0.00
0
REPURCHASES
0.00
0
ENDING POOL
140,491,743.97
297
ADVANCES
PRIOR OUTSTANDING
CURRENT PERIOD
RECOVERED
ENDING OUTSTANDING
PRINCIPAL
INTEREST
PRINCIPAL
INTEREST
PRINCIPAL
INTEREST
PRINCIPAL
INTEREST
MADE BY: SERVICER
39,731.21
58,648.60
43,939.12
60,411.98
39,731.21
58,648.60
43,939.12
60,411.98
10/23/2002 - 09:24 (H497-H509) 2002 LASALLE BANK N.A.
PAGE 3 OF 9
ABN AMRO
LASALLE BANK
N.A.
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
STATEMENT DATE:
10/25/2002
PAYMENT DATE:
10/25/2002
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PRIOR PAYMENT:
09/25/2002
SERIES 2002-3
NEXT PAYMENT:
11/25/2002
RECORD DATE:
09/30/2002
ABN AMRO ACCT: 67-8967-30-8
BOND INTEREST RECONCILIATION
DEDUCTIONS
ADDITIONS
REMAINING
ACCRUAL
PASS
ACCRUED
DEFERRED &
PRIOR
INT ACCRUAL
PREPAY-
OTHER
DISTRIBUTABLE
INTEREST
CURRENT PERIOD
OUTSTANDING
CREDIT SUPPORT
THRU
CERTIFICATE
ALLOCABLE
ACCRETION
INTEREST
INT. SHORT-
ON PRIOR
MENT
INTEREST
CERTIFICATE
PAYMENT
(SHORTFALL)/
INTEREST
CLASS
METHOD DAYS
RATE
INTEREST
PPIS
INTEREST
LOSS/EXP
FALLS DUE
SHORTFALL (3)
PENALTIES
PROCEEDS (1)
INTEREST (2)
AMOUNT
RECOVERY
SHORTFALLS
ORIGINAL
CURRENT(4)
A-1
30/360
30
5.500000000%
55,949.88
0.00
0.00
0.00
0.00
0.00
0.00
0.00
55,949.88
55,949.88
0.00
0.00
0.60%
1.06%
A-2
30/360
30
6.000000000%
260,724.09
0.00
0.00
0.00
0.00
0.00
0.00
0.00
260,724.09
260,724.09
0.00
0.00
0.60%
1.06%
A-3
30/360
30
6.250000000%
221,922.97
0.00
0.00
0.00
0.00
0.00
0.00
0.00
221,922.97
221,922.97
0.00
0.00
0.60%
1.06%
A-4
30/360
30
6.500000000%
236,952.98
0.00
0.00
0.00
0.00
0.00
0.00
0.00
236,952.98
236,952.98
0.00
0.00
0.60%
1.06%
A-X
30/360
30
6.500000000%
3,752.31
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3,752.31
3,752.31
0.00
0.00
0.60%
1.06%
A-P
30/360
30
0.000000000%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.60%
1.06%
M
30/360
30
6.000000000%
4,679.86
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4,679.86
4,679.86
0.00
0.00
0.05%
0.39%
B-1
30/360
30
6.000000000%
2,129.44
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,129.44
2,129.44
0.00
0.00
0.00%
0.09%
B-2
30/360
30
6.000000000%
1,698.65
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,698.65
1,698.65
0.00
0.00
0.00%
0.00%
B-3
30/360
30
6.000000000%
851.77
0.00
0.00
0.00
0.00
0.00
0.00
0.00
851.77
851.77
0.00
0.00
0.00%
0.00%
B-4
30/360
30
6.000000000%
425.35
0.00
0.00
0.00
0.00
0.00
0.00
0.00
425.35
425.35
0.00
0.00
0.00%
0.00%
B-5
30/360
30
6.000000000%
852.61
0.00
0.00
0.00
0.00
0.00
0.00
0.00
852.61
852.61
0.00
0.00
0.00%
0.00%
789,939.91
0.00
0.00
0.00
0.00
0.00
0.00
0.00
789,939.91
789,939.91
0.00
0.00
(1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST.
(2) ACCRUED - DEDUCTIONS + ADDITIONS INTEREST
(3) WHERE APPLICABLE.
(4) 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 9
10/23/2002 - 09:24 (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:
10/25/2002
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PAYMENT DATE:
10/25/2002
PRIOR PAYMENT:
09/25/2002
SERIES 2002-3
NEXT PAYMENT:
11/25/2002
RECORD DATE:
09/30/2002
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:
23
AGGREGATE PAYOFF AMOUNTS:
11,752,035.43
NUMBER OF CURTAILMENTS:
75
AGGREGATE CURTAILMENT AMOUNTS:
69,481.33
NUMBER OF LOANS IN FORECLOSURE:
0
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
10/23/2002 - 09:24 (H497-H509) 2002 LASALLE BANK N.A.
PAGE 5 OF 9
ABN AMRO
LASALLE BANK
N.A.
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE:
10/25/2002
ABN AMRO MORTGAGE GROUP, INC., AS SERVICER
PAYMENT DATE:
10/25/2002
MULTI-CLASS MORTGAGE PASS THROUGH CERTIFICATES
PRIOR PAYMENT:
09/25/2002
SERIES 2002-3
NEXT PAYMENT:
11/25/2002
RECORD DATE:
09/30/2002
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
10/25/02
1
358,077
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.34%
0.25%
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%
9/25/02
1
359,427
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.31%
0.24%
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%
8/26/02
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%
7/25/02
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%
6/25/02
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%
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
10/23/2002 - 09:24 (H497-H509) 2002 LASALLE BANK N.A.