Item 2. Properties Not applicable on reliance of SEC Relief Letters
Item 3.
Item 3. Legal Proceedings There were no legal proceedings.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the security holders.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder matters There is no established public trading market for the certificates issued by the Trust.
There were less than 300 participants in the DTC system.
CENTEX HOME EQUITY LOAN TRUST 2002-A
Class AF-1 1 Class AF-2 1 Class AF-3 1 Class AF-4 1 Class AF-5 1 Class AF-6 1 Class MF-1 1 Class MF-2 1 Class BF 1 Class AV 1 Class MV-1 1 Class MV-2 1 Class BV 1 Class X-IO 1 Class R 1
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Information required by Item 304 of Reg. S-K.
There were no changes in and/or disagreements with accountants on accounting and financial disclosures.
PART IV
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management The certificates are represented by one or more certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. A beneficial owner of certificates is not entitled to receive a definitive certificate representing such certificates, except in limited circumstances. Accordingly, Cede & Co. is the sole holder of certificates, which it holds on behalf of brokers, dealers, banks and other participants in the DTC system. Such participants may hold certificates for their own accounts or for the accounts of their customers. The address of Cede & Co. is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004
Item 13.
Item 13. Certain Relationships and Related Transactions. There has not been, and there is not currently proposed, any transactions or series or transactions, to which any of the Trust, the Registrant, the Trustee or the Servicer is a party with any certificateholder who, to the knowledge of the Registrant and Servicer, owns of record or beneficially more than five percent of the certificates.
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Annual Independent Public Accountant's Servicing Report.
(b) Reports on Form 8-K The registrant has filed Current Reports on Form 8-K with respect to the Trust with the Securities and Exchange Commission dated: February 25, 2002; March 25, 2002; April 25,2002; May 28, 2002; June 25, 2002; July 25, 2002; August 26, 2002; September 25, 2002, October 25, 2002; November 25, 2002; December 26, 2002 (c) See (a) 3 above
(d) Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Servicer of the Trust has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CENTEX HOME EQUITY COMPANY, LLC, as Servicer of the Centex Home Equity Loan Trust 2002-A
By: /s/ Jay Bray Title: Executive Vice President and Chief Financial Officer
Date: March 17, 2003
Sarbanes-Oxley Certification
I, _____Jay Bray______________________, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of CENTEX HOME EQUITY LOAN TRUST 2002-A
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 or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based 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 procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
Bank One, National Association, as Trustee
Date: 3/17/03
By:	 /s/ Jay Bray
Company: Centex Home Equity Company, LLC as Servicer
Title: Executive Vice President and Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description 99.1 Annual Summary Statement 99.2 Annual Statement of Compliance 99.3 Report of Independent Accountants
EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year Amounts for the period ending December 31, 2002
CENTEX HOME EQUITY LOAN TRUST 2002-A
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY
Original Class Face Value Beg Bal Principal End Bal AF-1 80,500,000 80,500,000 43,971,588 36,528,412 AF-2 40,000,000 40,000,000 0 40,000,000 AF-3 36,000,000 36,000,000 0 36,000,000 AF-4 40,500,000 40,500,000 0 40,500,000 AF-5 9,040,000 9,040,000 0 9,040,000 AF-6 22,800,000 22,800,000 0 22,800,000 MF-1 15,300,000 15,300,000 0 15,300,000 MF-2 11,974,000 11,974,000 0 11,974,000 BF 9,980,000 9,980,000 0 9,980,000 AV 204,103,000 204,103,000 49,675,564 154,427,436 MV-1 18,046,000 18,046,000 0 18,046,000 MV-2 10,578,000 10,578,000 0 10,578,000 BV 16,179,000 16,179,000 0 16,179,000 X-IO 0 0 0 0 R 0 0 0 0 Total 515,000,000 515,000,000 93,647,152 421,352,848
Interest Pass-Through Total Class Distribution Rate Distribution AF-1 1,751,127 2.91000% 45,722,715 AF-2 1,426,333 3.89000% 1,426,333 AF-3 1,531,200 4.64000% 1,531,200 AF-4 2,064,150 5.56000% 2,064,150 AF-5 495,543 5.98000% 495,543 AF-6 1,157,860 5.54000% 1,157,860 MF-1 861,135 6.14000% 861,135 MF-2 717,841 6.54000% 717,841 BF 615,683 6.73000% 615,683 AV 3,690,104 1.68000% 53,365,668 MV-1 444,850 2.23000% 444,850 MV-2 313,083 2.76000% 313,083 BV 610,233 3.63000% 610,233 X-IO 15,697,628 n/a 15,697,628 R 0 n/a 0 Total 31,376,770 125,023,922
AMOUNTS PER $1,000 UNIT
Principal Interest Class Cusip Distribution Distribution AF-1 152314 EF3 546.23090460 21.75313528 AF-2 152314 EG1 0.00000000 35.65833425 AF-3 152314 EH9 0.00000000 42.53333333 AF-4 152314 EJ5 0.00000000 50.96666667 AF-5 152314 EK2 0.00000000 54.81666261 AF-6 152314 EL0 0.00000000 50.78333333 MF-1 152314 EM8 0.00000000 56.28333333 MF-2 152314 EN6 0.00000000 59.95000000 BF 152314 EP1 0.00000000 61.69167034 AV 152314 EQ9 243.38478126 18.07961519 MV-1 152314 ER7 0.00000000 24.65090713 MV-2 152314 ES5 0.00000000 29.59757516 BV 152314 ET3 0.00000000 37.71757402 X-IO n/a n/a R n/a n/a
Total Ending Cert Class Cusip Distribution Balance AF-1 152314 EF3 567.98403988 453.7690954 AF-2 152314 EG1 35.65833425 1000.0000000 AF-3 152314 EH9 42.53333333 1000.0000000 AF-4 152314 EJ5 50.96666667 1000.0000000 AF-5 152314 EK2 54.81666261 1000.0000000 AF-6 152314 EL0 50.78333333 1000.0000000 MF-1 152314 EM8 56.28333333 1000.0000000 MF-2 152314 EN6 59.95000000 1000.0000000 BF 152314 EP1 61.69167034 1000.0000000 AV 152314 EQ9 261.46439646 756.6152187 MV-1 152314 ER7 24.65090713 1000.0000000 MV-2 152314 ES5 29.59757516 1000.0000000 BV 152314 ET3 37.71757402 1000.0000000 X-IO n/a n/a R n/a n/a
SEC. 7.09 (a) (ii) Group I Group II Total Scheduled Principal Received 2,654,531 1,365,955 4,020,486 Prepayments (incl. Curtailments) 35,578,560 43,214,303 78,792,863 Purchased Principal 0 0 0 Liquidation Proceeds 343,860 105,717 449,577 Extra Principal Distribution 5,287,204 4,989,399 10,276,603
SEC. 7.09 (a) (iv) & (v) Interest Principal Total Certificate Carryover Shortfall Amount 0 0 Class AF-1 Carryover Shortfall Amount 0 0 Class AF-2 Carryover Shortfall Amount 0 0 Class AF-3 Carryover Shortfall Amount 0 0 Class AF-4 Carryover Shortfall Amount 0 0 Class AF-5 Carryover Shortfall Amount 0 0 Class AF-6 Carryover Shortfall Amount 0 0 Class AV Carryover Shortfall Amount 0 0 Class MF-1 Carryover Shortfall Amount 0 0 Class MF-2 Carryover Shortfall Amount 0 0 Class BF Carryover Shortfall Amount 0 0 Class MV-1 Carryover Shortfall Amount 0 0 Class MV-2 Carryover Shortfall Amount 0 0 Class BV Carryover Shortfall Amount 0 0
SEC. 7.09 (a) (vi) Group I Group II Total Aggregate Loan Balance 227,444,386 204,208,552 431,652,938
SEC. 7.09 (a) (vii) O/C Amount 5,321,974 4,978,116 10,300,090 Required O/C Amount 5,321,974 4,978,116 10,300,090
SEC. 7.09 (a) (viii) Code Section 6049(d)(7)(C) Information-Required Market Discount Information Provided at Calendar Year End.
SEC. 7.09 (a) (ix) Group I Group II Total Substitution Amounts 0 0 0 Loan Purchase Prices 0 0 0
SEC. 7.09 (a) (x) Weighted Average Coupon 10.1746% 9.4229%
SEC. 7.09 (a) (xi) Group Monthly Interest 22,527,454 19,242,999
SEC. 7.09 (a) (xiii) Weighted Average Gross Margin (Group II) 7.5890%
SEC. 7.09 (a) (xiv) Largest Home Equity Loan Balance O 543,722 571,823
SEC. 7.09 (a) (xv) Basic Principal Amount 38,576,951 44,685,975
SEC. 7.09 (a) (xvi) Net WAC Cap Carryover Paid 0 0 Net WAC Cap Carryover Unpaid 0 0
SEC. 7.09 (a) (xviii) Group Net Wac Cap 9.6720% 8.6324%
SEC. 7.09 (a) (xix) Realized Loss Amounts applied to Subordinate Certificates Class M-1 0 0 Class M-2 0 0 Class B 0 0 SEC. 7.09 (a) (xx) Stepdown Date Occurrence NO NO
SEC. 7.09 (b) (i) Delinquencies(1)
Group I Number Percentage Prin Bal Percentage 30-59 Days 116 3.1912% 5,990,095 2.6337% 60-89 Days 45 1.2380% 2,587,284 1.1375% 90+ Days 38 1.0454% 1,626,287 0.7150% Group II 30-59 Days 53 2.7419% 4,616,791 2.2608% 60-89 Days 30 1.5520% 3,316,819 1.6242% 90+ Days 24 1.2416% 1,323,062 0.6479% TOTAL 30-59 Days 169 3.0352% 10,606,886 2.4573% 60-89 Days 75 1.3470% 5,904,104 1.3678% 90+ Days 62 1.1135% 2,949,349 0.6833%
Total Group I 3,635 100.0000% 227,444,386 100.0000% Total Group II 1,933 100.0000% 204,208,552 100.0000% Total 5,568 100.0000% 431,652,938 100.0000%
(1) Includes Bankruptcies, excludes Foreclosures and REOs; Based on each respective Group's loan count and balance.
SEC. 7.09(b) (ii) Group I Group II Total Foreclosure Count 38 19 57 Foreclosure Balance 2,005,350 1,566,651 3,572,001 New Foreclosure Count 10 1 11 New Foreclosure Balance 529,168 45,734 574,902
SEC. 7.09 (b) (iii) Bankruptcy: Count 64 28 92 Bankruptcy: Balance 3,595,784 2,218,329 5,814,113 Balloon Loans: Count 404 0 404 Balloon Loans: Balance 25,059,310 0 25,059,310
SEC. 7.09 (b) (iv) REO: Count 16 7 23
SEC. 7.09 (b) (v) REO: Book Value 922,762 778,798 1,701,560
SEC. 7.09 (b) (vi) Cumulative Realized Losses 77,363 11,283 88,646
SEC. 7.09 (b) (vii) Net Liquidation Proceeds 343,860 105,717 449,577
SEC. 7.09 (b) (viii) 3-Month Rolling Average 60+ Day Delinq 2.7239% 2.7706%
SEC. 7.09 (b) (ix) Trigger Event Occurrence NO NO
SEC. 7.08 (1) - (4) Excess Interest Amount in Group I Group II Cert Account
Total: 11,901,149 14,179,237 125,033,645
Class AF-1 Allocation 5,287,204 45,610,583 Class AF-2 Allocation 0 1,426,333 Class AF-3 Allocation 0 1,531,200 Class AF-4 Allocation 0 2,064,150 Class AF-5 Allocation 0 495,543 Class AF-6 Allocation 0 1,157,860 Class MF-1 Allocation 0 861,135 Class MF-2 Allocation 0 717,841 Class BF Allocation 0 615,683 Class AV Allocation 4,989,399 53,365,668 Class MV-1 Allocation 0 444,850 Class MV-2 Allocation 0 313,083 Class BV Allocation 0 610,233 Total Class A 5,287,204 4,989,399 109,214,162
SEC. 7.08 (5) Beginning Principal Ending Class Balance Distribution Balance AF-1 80,500,000 43,971,588 36,528,412 AF-2 40,000,000 0 40,000,000 AF-3 36,000,000 0 36,000,000 AF-4 40,500,000 0 40,500,000 AF-5 9,040,000 0 9,040,000 AF-6 22,800,000 0 22,800,000 MF-1 15,300,000 0 15,300,000 MF-2 11,974,000 0 11,974,000 BF 9,980,000 0 9,980,000 AV 204,103,000 49,675,564 154,427,436 MV-1 18,046,000 0 18,046,000 MV-2 10,578,000 0 10,578,000 BV 16,179,000 0 16,179,000
SEC. 7.08 (6) Group I Group II Total Current Period Realized Losses 32,065 0 32,065
Applied Loss Amt Class M-1 0 0 Class M-2 0 0 Class B 0 0
SEC. 7.08 (7) Subordination Increase Amount 5,399,337 4,989,399 Excess Overcollateralization Amt 0 0 Required Overcollateralization 5,321,974 4,978,116
SEC. 7.09 (b) (iv & v)
REO Status
Group Loan Number Book Value Status
1 240807640 60,739 New REO 1 240808192 54,811 New REO 1 242910981 31,568 New REO 1 242911016 58,733 New REO 1 243607608 255,442 New REO 1 245404940 42,924 New REO 1 245602711 57,583 New REO 1 246802980 42,480 New REO 1 246803042 63,921 New REO 1 247401498 34,918 New REO 1 247401579 26,098 New REO 1 247700580 41,609 New REO 1 255403172 38,778 New REO 1 255704657 48,750 New REO 1 258902134 32,915 New REO 1 259904725 31,492 New REO 2 240103803 96,642 New REO 2 242108393 300,000 New REO 2 243903626 95,972 New REO 2 245104086 72,176 New REO 2 246803182 118,467 New REO 2 247202694 50,636 New REO 2 259904656 44,905 New REO
EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance To be supplied by amendment to this Form 10-K upon receipt by the Trustee
EXHIBIT 99.3 -- Report of Independent Auditors To be supplied by amendment to this Form 10-K upon receipt by the Trustee