Item 1. Business
Omitted.
Item 2.
Item 2. Properties
Omitted.
Item 3.
Item 3. Legal Proceedings
The Registrant is not aware of any material legal proceeding with respect to, the Company, the Master Servicer, the Servicers, the Trust Administrator or the Trustee, in each case if applicable, as related to the Trust.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote or consent of Holders of the Offered Certificates during the fiscal year covered by this report.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
The Trust does not issue stock. There is currently no established secondary market for the Certificates.
There are less than 300 participants in the DTC System.
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
There was no change of accountants or disagreement with accountants on any matter of accounting principles or practices or financial disclosure.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Omitted.
Item 11.
Item 11. Executive Compensation
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Omitted.
Item 13.
Item 13. Certain Relationships and Related Transactions
No reportable transactions have occurred.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) The following documents are filed as part of this report:
(1) Financial Statements: Omitted.
(2) Financial Statement Schedules: Omitted.
(3) Exhibits:
Annual Servicer's Statement of Compliance, filed as Exhibit 99.1 hereto. Annual Statement of Independent Accountants Report for the Servicer, filed as Exhibit 99.2 hereto.
(b) Reports on Form 8-K: The following Current Reports on Form 8-K were filed by the Registrant during the last quarter of 2002.
No reportable transactions have occurred.
(c) Exhibits to this report are listed in Item (14)(a)(3) above.
Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2002
CREDIT SUISSE FIRST BOSTON MORTGAGE ACCEPTANCE CORP. FIFTH THIRD MORTGAGE LOAN TRUST 2002-FTB1 MORTGAGAE PASS-THROUGH CERTIFICATES, SERIES 2002-FTB1 - -----------------------------------------------------
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CREDIT SUISSE FIRST BOSTON MORTGAGE ACCEPTANCE CORP.
Date: March 31, 2003 By: /s/ Matt Ruppel --------------------------------------- Name: Matt Ruppel Title: Vice President
CERTIFICATION
Re: Credit Suisse First Boston Mortgage Acceptance Corp., Fifth Third Mortgage Loan Trust 2002-FTB1 Mortgage Pass-Through Certificates, Series 2002-FTB1
I, Matt Ruppel, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution and servicing reports filed in respect of periods included in the year covered by this annual report, of Fifth Third Mortgage Loan Trust 2002-FTB1 (the "Trust");
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution information required to be prepared by the Trustee based upon the servicing information required to be provided by the Servicer under the Pooling and Servicing Agreement is included in these reports;
4. Based on my knowledge and upon the annual compliance statements included in the report and required to be delivered to the Trustee in accordance with the terms of the Pooling and Servicing Agreement and based upon the review required under the Pooling and Servicing Agreement, and except as disclosed in the report, the Servicer has fulfilled its obligations under the Pooling and Servicing Agreement; and
5. The reports disclose all significant deficiencies relating to the Servicer's compliance with the minimum servicing standards based, in each case, upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar standard as set forth in the Pooling and Servicing Agreement, that is included in these reports.
Capitalized terms used but not defined herein have the meanings ascribed to them in the Pooling and Servicing Agreement, dated December 1, 2002 (the "Pooling and Servicing Agreement"), among Credit Suisse First Boston Mortgage Acceptance Corp., as depositor (the "Depositor"), Fifth Third Mortgage Company, as servicer (in such capacity, the "Servicer") and as seller (in such capacity, the "Seller"), and JPMorgan Chase Bank, as trustee (the "Trustee").
Dated: March 31, 2003
By: /s/ Matt Ruppel - --------------------------------------------- Name: Matt Ruppel Title: Vice President
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
The registrant has not sent an annual report or proxy material to its security holders. The registrant will not be sending an annual report or proxy material to its security holders subsequent to the filing of this form.
EXHIBIT INDEX
Exhibit Description
99.1 Servicer's Annual Statement of Compliance 99.2 Servicer's Annual Independent Accountant's Report
EXHIBIT 99.1 - Servicer's Annual Statement of Compliance
FIFTH THIRD BANK
Officer's Certificate of the Servicer
I, David Powell, hereby certify that I am the duly elected Vice President Mortgage Loan Servicing of Fifth Third Mortgage Company, an Ohio corporation (the "Servicer"), and further certify as follows:
1. I have reviewed the activities of the Servicer during the year ended December 31, 2002 and its peformance under the Pooling and Servicing Agreement relating to the Fifth Third Mortgage Loan Trust 2002-FTB1, Mortgage Pass-Through Certificates, Series 2002-FTB1, dated as of December 1, 2002 (the "Pooling and Servicing Agreement"), among Credit Suisse First Boston Mortgage Acceptance Corp., as Depositor, Fifth Third Mortgage Company, as Seller and Servicer, and, JPMorgan Chase Bank, as Trustee, has been under my supervision; and
2. To the best of my knowledge, based on my review, the Servicer has fulfilled all of its obligations under the Pooling and Servicing Agreement throughout the year ended December 31, 2002.
IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of March 2003.
FIFTH THIRD MORTGAGE COMPANY
By: /s/ David Powell - --------------------------------------------- Name: David Powell Title: Vice President Mortgage Loan Servicing
EXHIBIT 99.2 - Servicer's Annual Independent Accountant's Report
Deloitte & Touche LLP Suite 1900 250 East Fifth Street Cincinnati, Ohio 45201-5340 Telephone: (513) 784-7100 Facsimile: (513) 784-7204 www.deloitte.com
INDEPENDENT ACCOUNTANTS' REPORT
To the Board of Directors of Fifth Third Mortgage Company:
We have examined management's assertion about Fifth Third Mortgage Company's (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2002 included in the accompanying management assertion. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2002 is fairly stated, in all material respects.
By: Deloitte & Touche LLP - --------------------------- Deloitte & Touche LLP
March 13, 2003
FIFTH THIRD BANK
March 13, 2003
Deloitte & Touche 250 East Fifth Street Cincinnati, Ohio 45201
As of and for the year ended December 31, 2002, Fifth Third Mortgage Company (the "Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of and for this same period, the Company had in effect an errors and omissions policy in the amount of $5,000,000 per mortgage and coverage on fidelity bond of $50,000,000 from January 1, 2002 to June 30, 2002 and $75,000,000 from July 1, 2002 to December 31, 2002.
By: /s/ Michael D. Baker - ------------------------- Michael D. Baker Executive Vice President
By: /s/ Scott Enders - ------------------------ Scott Enders Vice President & CFO-Consumer
By: /s/ David Powell - ----------------------- David Powell Vice President