Item 1. Business
Information not provided pursuant to Exemptive Order.
Item 2.
Item 2. Properties
Pursuant to the Exemptive Order, GMAC Mortgage Corporation's (the "Servicer") Annual Statement as to Compliance, dated March 31, 2003 is filed as Exhibit 99.1 under Item 16 (a) hereof.
Item 3.
Item 3. Legal Proceedings
There are no material pending legal proceedings related to any series of Securities that involve the Trustee, Custodian, the Servicer or the Registrant with respect to any such series.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to a vote of Security Holders.
PART II
Item 5.
Item 5. Market for the Registrant's Common Equity and Related Matters.
(a) There is no established public trading market for the Securities.
(b) At December 31, 2002, the number of holders of record of each outstanding series of Securities were as follows: Series 2002-HE1 Class A-1: * Series 2002-HE1 Class A-2: *
* - To be provided upon receipt.
(c) Not applicable.
Item 6.
Item 6. Selected Financial Data
Information not provided pursuant to Exemptive Order.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Information not provided pursuant to Exemptive Order.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Information not provided pursuant to Exemptive Order.
Item 8.
Item 8. Financial Statements and Supplementary Financial Data
See the Servicer's Annual Statement of Compliance that is filed as Exhibit 99.1 under Item 16 (a) hereof; see also report dated March 7, 2003 prepared by the Servicer's independent accountant, concerning the Servicer's servicing activities that is filed as Exhibit 99.2 under Item 16 (a) hereof.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Information not provided pursuant to Exemptive Order.
Item 11.
Item 11. Executive Compensation
Information not provided pursuant to Exemptive Order.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
(a) Each holder of record of more than five percent (5%) of the fractional undivided interest in a Mortgage Pool evidenced by a series of Securities, outstanding at December 31, 2002 was as follows: Series 2002-HE1 Class A-1: Cede & Co. Series 2002-HE1 Class A-2: Cede & Co.
(b) Not applicable.
(c) Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions
Information not provided pursuant to Exemptive Order.
Item 14.
Item 14. Controls and Procedures
Information not required pursuant to Rule 307(c) of Regulation S-K.
Item 15.
Item 15. Principal Accountant Fees and Services.
Not applicable.
PART IV
Item 16. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) Exhibit #
Officer's Annual Compliance Statements 99.1 GMAC Mortgage Corporation
GMAC Mortgage Corporation's Independent Auditor's 99.2 Report on the Uniform Single Audit Program for Mortgage Bankers
Audited financial statements for the year ended 99.3 December 31, 2002 for Financial Guaranty Insurance Corporation.
Audited financial statements for the year ended December 31, 2002 for Financial Guaranty Insurance Corporation.*
(b) See Item 2.
(c) Not Applicable
(d) Not Applicable. No annual report or proxy material has been sent to security holders.
_________________
* Attached hereto as Exhibit 99.3. **
** - To be provided upon receipt.
SIGNATURES
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, thereto duly authorized, on this 31st day of March, 2003.
GMACM HOME EQUITY LOAN TRUST 2002-HE1
By: GMAC Mortgage Corporation, as Servicer
By: /s/ William J. Maguire Name: William J. Maguire Title: Senior Vice President
CERTIFICATION
I, William J. Maguire, 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 GMACM Home Equity Loan Trust 2002-HE1.
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.
Date: March 31, 2003
/s/ William J. Maguire William J. Maguire Senior Vice President