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 (Date of earliest event reported): December 26, 2002
>
LONG BEACH SECURITIES CORP.
as Depositor, Long Beach Mortgage Company, as Master Servicer,
First Union National Bank, as trustee (the ""Trustee"") and
Bankers Trust Company of California, N.A., as trust administrator
(the ""Trust Administrator"") under the Pooling and Servicing Agreement
>,
dated as of April 1, 2002, providing for the issuance of Long Beach
>
Mortgage Loan Trust 2002-1 Asset-Backed Certificates 2002-1.
LONG BEACH MORT LOAN TRUST 2002-1 AS BACK CERT SER 2002-1
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-41712-07 33-0917586
(Commission File Number) (I.R.S. Employer Identification No.)
1100 TOWN & COUNTRY ROAD
SUITE 1600
ORANGE, CALIFORNIA 92868
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (714) 541-5378
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements to the
Certificateholders which was derived from the monthly information
submitted by the Master Servicer of the Trust to the Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
October 25, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
>
behalf by the undersigned, hereunto duly authorized.
Deutsche Bank National Trust Company
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
pursuant to the Pooling and Servicing
Agreement, dated as of April 1, 2002.
Date: Jan 02, 2003 By: /s/ Katie Wannenmacher
Katie Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of December 26, 2002.
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
December 26, 2002 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Contents
> 1
2. Certificate Payment
> Report 2
3. Collection Account
>Report 12
4. Credit Enhancement
>Report 15
5. Collateral Report
> 16
6. Delinquency Report
> 19
7. REO Report
> 22
8. Foreclosure Report
> 23
9. Prepayment Report
> 25
10. Prepayment Detail R
>eport 28
11. Realized Loss Repor
>t 32
12. Realized Loss Detai
>l Report 35
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 36
14. Additional Certific
>ate Report 37
Total Number of Pag
>es 37
CONTACTS
Administrator: Va
>lerie M Delgado
Direct Phone Number
>: (714)247-6273
Address: Deutsche
> Bank
17
>61 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://
>www.corporatetrust.db.com/invr
Factor Information:
> (800) 735-7777
Main Phone Number:
> (714) 247-6000
ISSUANCE INFORMATION
Seller: Long Beach Mortgage
> Cut-Off Date: April 1, 20
>02
Certificate Insurer(s):
> Closing Date: April 2, 2
>002
> First Payment Date: May 28, 2002
Servicer(s): Long Beach Mortgage Corp. Mas
>ter Servicer
> Distribution Date: December 26,
> 2002
Underwriter(s): Deutsche Banc Alex Brown Unde
>rwriter Record Date: December 2
>4, 2002
> No
>vember 29, 2002
> Page 1 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC I
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
LT1A-1 872499900
>800079215.8 6054891.41 17901558.96 23956450.37 65752.7
> 0 782111904.2
LT1A-2 0
> 0 0 0 0 0
> 0 0
LT1A-3 95000000
> 95000000 718947.17 0 718947.17 0
> 0 95000000
LT1A-4 15000000
> 15000000 113517.97 0 113517.97 0
> 0 15000000
LT1A-5 17500000
> 17500000 132437.64 0 132437.64 0
> 0 17500000
LT1A-P 100
> 100 424090.34 0 424090.34 0
> 0 100
R-1A 0
> 0 0 0 0 0
> 0 0
Total 1000000000
>927579315.8 7443884.53 17901558.96 25345443.49 65752.7
> 0 909612004.2
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
LT1A-1 37561 37589 A-30/360
> 872499900 916.996341 6.939704417 20.51754844 27.4
>5725285 896.4034313
LT1A-2 37561 37589 A-30/360
> 0 0 0 0
> 0 0
LT1A-3 37561 37589 A-30/360
> 95000000 1000 7.567864947 0 7.56
>7864947 1000
LT1A-4 37561 37589 A-30/360
> 15000000 1000 7.567864667 0 7.56
>7864667 1000
LT1A-5 37561 37589 A-30/360
> 17500000 1000 7.567865143 0 7.56
>7865143 1000
LT1A-P 37561 37589 A-30/360
> 100 1000 4240903.4 0 42
>40903.4 1000
R-1A 37561 37589 A-30/360
> 0 0 0 0
> 0 0
> Page 2 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC I
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
LT1A-1 872499900 51017405.92
> 0 90325329.18 90325329.18 141342735.1 65752.7
> 0 782111904.2
LT1A-2 0 0
> 0 0 0 0 0
> 0 0
LT1A-3 95000000 5752877.46
> 0 0 0 5752877.46 0
> 0 95000000
LT1A-4 15000000 908349.07
> 0 0 0 908349.07 0
> 0 15000000
LT1A-5 17500000 1059740.6
> 0 0 0 1059740.6 0
> 0 17500000
LT1A-P 100 1848305.21
> 0 0 0 1848305.21 0
> 0 100
R-1A 0 0
> 0 0 0 0 0
> 0 0
Total 1000000000 60586678.26
> 0 90325329.18 90325329.18 150912007.4 65752.7
> 0 909612004.2
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
LT1A-1 0.079163688 800079215.8
> 0 0 0 0 6054891.41 605
>4891.41 0
LT1A-2 0.079163688 0
> 0 0 0 0 0
> 0 0
LT1A-3 0.079163688 95000000
> 0 0 0 0 718947.17 71
>8947.17 0
LT1A-4 0.079163688 15000000
> 0 0 0 0 113517.97 11
>3517.97 0
LT1A-5 0.079163688 17500000
> 0 0 0 0 132437.64 13
>2437.64 0
LT1A-P 0.079163688 100
> 0 0 0 0 424090.34 42
>4090.34 0
R-1A 0.079163688 0
> 0 0 0 0 0
> 0 0
Total 927579315.8
> 0 0 0 0 7443884.53 744
>3884.53 0
> Page 3 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC II
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
LT1B-1 515530135.3
>445533113.2 2939170.38 14822206.08 17761376.46 0
> 0 430710907.1
LT1B-2 7969764.74
> 7969764.74 52576.33 0 52576.33 0
> 0 7969764.74
LT1B-3 57000000
> 57000000 376027.52 0 376027.52 0
> 0 57000000
LT1B-4 9000000
> 9000000 59372.77 0 59372.77 0
> 0 9000000
LT1B-5 10500000
> 10500000 69268.23 0 69268.23 0
> 0 10500000
LT1B-P 100
> 100 166006.28 0 166006.28 0
> 0 100
R-1B 0
> 0 0 0 0 0
> 0 0
Total 600000000
>530002977.9 3662421.51 14822206.08 18484627.59 0
> 0 515180771.9
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
LT1B-1 37561 37589 A-30/360
> 515530135.3 864.2232194 5.70125814 28.75138632 34.4
>5264446 835.4718331
LT1B-2 37561 37589 A-30/360
> 7969764.74 1000 6.596973903 0 6.59
>6973903 1000
LT1B-3 37561 37589 A-30/360
> 57000000 1000 6.596974035 0 6.59
>6974035 1000
LT1B-4 37561 37589 A-30/360
> 9000000 1000 6.596974444 0 6.59
>6974444 1000
LT1B-5 37561 37589 A-30/360
> 10500000 1000 6.596974286 0 6.59
>6974286 1000
LT1B-P 37561 37589 A-30/360
> 100 1000 1660062.8 0 16
>60062.8 1000
R-1B 37561 37589 A-30/360
> 0 0 0 0
> 0 0
> Page 4 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC II
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
LT1B-1 515530135.3 25519806.43
> 0 84819138.93 84819138.93 110338945.4 0
> 0 430710907.1
LT1B-2 7969764.74 420302.47
> 0 0 0 420302.47 0
> 0 7969764.74
LT1B-3 57000000 3006016.07
> 0 0 0 3006016.07 0
> 0 57000000
LT1B-4 9000000 474634.13
> 0 0 0 474634.13 0
> 0 9000000
LT1B-5 10500000 553739.81
> 0 0 0 553739.81 0
> 0 10500000
LT1B-P 100 671021.22
> 0 0 0 671021.22 0
> 0 100
R-1B 0 0
> 0 0 0 0 0
> 0 0
Total 600000000 30645520.13
> 0 84819138.93 84819138.93 115464659.1 0
> 0 515180771.9
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
LT1B-1 445533113.2
> 0 0 0 0 2939170.38 293
>9170.38 0
LT1B-2 7969764.74
> 0 0 0 0 52576.33 5
>2576.33 0
LT1B-3 57000000
> 0 0 0 0 376027.52 37
>6027.52 0
LT1B-4 0.079850079 9000000
> 0 0 0 0 59372.77 5
>9372.77 0
LT1B-5 0.079850079 10500000
> 0 0 0 0 69268.23 6
>9268.23 0
LT1B-P 0.079850079 100
> 0 0 0 0 166006.28 16
>6006.28 0
R-1B 0.079850079 0
> 0 0 0 0 0
> 0 0
Total 530002977.9
> 0 0 0 0 3662421.51 366
>2421.51 0
> Page 5 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC III
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
LT2A-1 979999902
>909027625.4 6250454.88 17543528.5 23793983.38 64437.65
> 0 891419659.2
LT2B-1 8875000
> 8125793.11 55872.78 179673.1239 235545.9039 0
> 0 7946119.99
LT2C-1 460000
> 460000 3162.95 0 3162.95 0
> 0 460000
LT2D-1 490000
> 490000 3369.23 0 3369.23 0
> 0 490000
LT2E-1 10174998
> 9475792.44 65155.35 179015.5969 244170.9469 1315.05
>657.527 9296119.32
LT2A-2 587999902
>519402816.4 3098493.21 14525762.58 17624255.79 0
> 0 504877053.8
LT2B-2 3867500
> 3336689.23 19904.99 112401.7342 132306.7242 0
> 0 3224287.5
LT2C-2 575000
> 405840.54 2421.04 35820.3329 38241.3729 0
> 0 370020.21
LT2D-2 396000
> 396000 2362.33 0 2362.33 0
> 0 396000
LT2E-2 261500
> 261500 1559.98 0 1559.98 0
> 0 261500
LT2F-2 330000
> 330000 1968.61 0 1968.61 0
> 0 330000
LT2G-2 270000
> 270000 1610.68 0 1610.68 0
> 0 270000
LT2H-2 210000
> 210000 1252.75 0 1252.75 0
> 0 210000
LT2I-2 24000
> 24000 143.17 0 143.17 0
> 0 24000
LT2J-2 6065998
> 5366028.85 32011 148222.0671 180233.0671 0
> 0 5217806.78
LT2S-1 0
> 0 557812.5 0 557812.5 0
> 0 0
LT2S-2 0
> 0 334687.5 0 334687.5 0
> 0 0
LT2P-1 100
> 100 0.67 0 0.67 0
> 0 100
LT2P-2 100
> 100 0.58 0 0.58 0
> 0 100
R-2 0
> 0 0 0 0 0
> 0 0
Total 1600000000
> 1457582286 10432244.2 32724423.93 43156668.13 65752.7
>657.527 1424792767
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
LT2A-1 37561 37589 A-30/360
> 979999902 927.5793023 6.378015821 17.90156148 24.
>2795773 909.6119881
LT2B-1 37561 37589 A-30/360
> 8875000 915.5823223 6.295524507 20.24485903 26.5
>4038354 895.3374637
LT2C-1 37561 37589 A-30/360
> 460000 1000 6.875978261 0 6.87
>5978261 1000
LT2D-1 37561 37589 A-30/360
> 490000 1000 6.875979592 0 6.87
>5979592 1000
LT2E-1 37561 37589 A-30/360
> 10174998 931.2819953 6.40347546 17.59367392 23.9
>9714938 913.6237
LT2A-2 37561 37589 A-30/360
> 587999902 883.3382704 5.269547154 24.70368197 29.9
>7322912 858.6345884
LT2B-2 37561 37589 A-30/360
> 3867500 862.7509321 5.146733032 29.06315041 34.2
>0988344 833.6877828
LT2C-2 37561 37589 A-30/360
> 575000 705.8096348 4.210504348 62.29623113 66.5
>0673548 643.5134087
LT2D-2 37561 37589 A-30/360
> 396000 1000 5.965479798 0 5.96
>5479798 1000
LT2E-2 37561 37589 A-30/360
> 261500 1000 5.965506692 0 5.96
>5506692 1000
LT2F-2 37561 37589 A-30/360
> 330000 1000 5.965484848 0 5.96
>5484848 1000
LT2G-2 37561 37589 A-30/360
> 270000 1000 5.965481481 0 5.96
>5481481 1000
LT2H-2 37561 37589 A-30/360
> 210000 1000 5.96547619 0 5.9
>6547619 1000
LT2I-2 37561 37589 A-30/360
> 24000 1000 5.965416667 0 5.96
>5416667 1000
LT2J-2 37585 37589 A-30/360
> 6065998 884.6077513 5.277120105 24.43490207 29.7
>1202218 860.1728487
LT2S-1 37585 37589 A-30/360
> 0 0 0 0
> 0 0
LT2S-2 37585 37589 A-30/360
> 0 0 0 0
> 0 0
LT2P-1 37585 37589 A-30/360
> 100 1000 6.7 0
> 6.7 1000
LT2P-2 37585 37589 A-30/360
> 100 1000 5.8 0
> 5.8 1000
R-2 37585 37589 A-30/360
> 0 0 0 0
> 0 0
> Page 6 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC III
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
LT2A-1 979999902 52439166.53
> 0 88154878.59 88154878.59 140594045.1 64437.65
> 0 891419659.2
LT2B-1 8875000 471824.77
> 0 900197.1044 900197.1044 1372021.874 0
> 0 7946119.99
LT2C-1 460000 25375.99
> 0 0 0 25375.99 0
> 0 460000
LT2D-1 490000 27030.93
> 0 0 0 27030.93 0
> 0 490000
LT2E-1 10174998 545955.46
> 0 899539.5774 899539.5774 1445495.037 1315.05
>657.527 9296119.32
LT2A-2 587999902 26751059.25
> 0 83486729.94 83486729.94 110237789.2 0
> 0 504877053.8
LT2B-2 3867500 174229.36
> 0 646028.2673 646028.2673 820257.6273 0
> 0 3224287.5
LT2C-2 575000 23951.21
> 0 205877.1404 205877.1404 229828.3504 0
> 0 370020.21
LT2D-2 396000 19015.5
> 0 0 0 19015.5 0
> 0 396000
LT2E-2 261500 12556.95
> 0 0 0 12556.95 0
> 0 261500
LT2F-2 330000 15846.24
> 0 0 0 15846.24 0
> 0 330000
LT2G-2 270000 12965.1
> 0 0 0 12965.1 0
> 0 270000
LT2H-2 210000 10083.99
> 0 76852.6742 76852.6742 86936.6642 0
> 0 210000
LT2I-2 24000 1152.45
> 0 0 0 1152.45 0
> 0 24000
LT2J-2 6065998 276139.24
> 0 775052.7334 775052.7334 1051191.973 0
> 0 5217806.78
LT2S-1 0 4462500
> 0 0 0 4462500 0
> 0 0
LT2S-2 0 2677500
> 0 0 0 2677500 0
> 0 0
LT2P-1 100 5.17
> 0 0 0 5.17 0
> 0 100
LT2P-2 100 4.49
> 0 0 0 4.49 0
> 0 100
R-2 0 0
> 0 0 0 0 0
> 0 0
Total 1600000000 87946362.63
> 0 175145156 175145156 263091518.7 65752.7
>657.527 1424792767
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
LT2A-1 0.079850079 909027625.4
> 0 0 0 0 6250454.88 625
>0454.88 0
LT2B-1 0.069276678 8125793.11
> 0 0 0 0 55872.78 5
>5872.78 0
LT2C-1 0.069276678 460000
> 0 0 0 0 3162.95
>3162.95 0
LT2D-1 0.069276678 490000
> 0 0 0 0 3369.23
>3369.23 0
LT2E-1 0.069276678 9475792.44
> 0 0 0 0 65155.35 65
>812.877 0
LT2A-2 0.069276678 519402816.4
> 0 0 0 0 3098493.21 309
>8493.21 0
LT2B-2 0.069276678 3336689.23
> 0 0 0 0 19904.99 1
>9904.99 0
LT2C-2 0.069276678 405840.54
> 0 0 0 0 2421.04
>2421.04 0
LT2D-2 0.069276678 396000
> 0 0 0 0 2362.33
>2362.33 0
LT2E-2 0.069276678 261500
> 0 0 0 0 1559.98
>1559.98 0
LT2F-2 0.069276678 330000
> 0 0 0 0 1968.61
>1968.61 0
LT2G-2 0.0525 270000
> 0 0 0 0 1610.68
>1610.68 0
LT2H-2 0.0525 210000
> 0 0 0 0 1252.75
>1252.75 0
LT2I-2 0.079850079 24000
> 0 0 0 0 143.17
> 143.17 0
LT2J-2 0.015 5366028.85
> 0 0 0 0 32011
> 32011 0
LT2S-1 0.017 127500000
> 0 0 0 0 557812.5 5
>57812.5 0
LT2S-2 0.035 76500000
> 0 0 0 0 334687.5 3
>34687.5 0
LT2P-1 0.0492 100
> 0 0 0 0 0.67
> 0.67 0
LT2P-2 0.0646 100
> 0 0 0 0 0.58
> 0.58 0
R-2 0.0213 0
> 0 0 0 0 0
> 0 0
Total 1661582286
> 0 0 0 0 10432244.2 1043
>2901.73 0
> Page 7 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
I-A 887500000
>812579315.8 1049581.62 17967311.66 19016893.28 0
> 0 794612004.2
II-A1 386750000
> 333668925 488454.23 11240172.94 11728627.17 0
> 0 322428752
II-A2 57500000
>40584052.99 118370.15 3582033.14 3700403.29 0
> 0 37002019.85
II-A3 39600000
> 39600000 162360 0 162360 0
> 0 39600000
II-A4 26150000
> 26150000 140774.17 0 140774.17 0
> 0 26150000
II-M1 33000000
> 33000000 60527.5 0 60527.5 0
> 0 33000000
M2 73000000
> 73000000 173182.3611 0 173182.3611 0
> 0 73000000
M3 70000000
> 70000000 233877.7778 0 233877.7778 0
> 0 70000000
II-M4 2400000
> 2400000 9052 0 9052 0
> 0 2400000
I-S 0
> 0 557812.5 0 557812.5 0
> 0 0
II-S 0
> 0 334687.5 0 334687.5 0
> 0 0
LT3-IC 17499900
> 19999900 4989838.545 0 4989838.545 0
> 0 19999900
LT3-IIC 6599900
> 6599900 2047973.257 0 2047973.257 0
> 0 6599900
LT3-IP 100
> 100 424089.58 0 424089.58 0
> 0 100
LT3-IIP 100
> 100 166005.62 0 166005.62 0
> 0 100
R-3 0
> 0 0 0 0 0
> 0 0
Total 1600000000
> 1457582294 10956586.81 32789517.74 43746104.55 0
> 0 1424792776
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
I-A 37585 37614 A-Act/360 5425
>14CC6 887500000 915.5823277 1.182627177 20.24485821 21.4
>2748539 895.3374695
II-A1 37561 37614 A-Act/360 5425
>14BT0 386750000 862.7509372 1.262971506 29.06314917 30.3
>2612067 833.687788
II-A2 37561 37589 A-30/360 5425
>14BU7 57500000 705.8096172 2.058611304 62.29622852 64.3
>5483983 643.5133887
II-A3 37561 37589 A-30/360 5425
>14BV5 39600000 1000 4.1 0
> 4.1 1000
II-A4 37561 37589 A-30/360 5425
>14BW3 26150000 1000 5.383333461 0 5.38
>3333461 1000
II-M1 37591 37614 A-Act/360 5425
>14BY9 33000000 1000 1.834166667 0 1.83
>4166667 1000
M2 37591 37614 A-Act/360 5425
>14BZ6 73000000 1000 2.372361111 0 2.37
>2361111 1000
M3 37591 37614 A-Act/360 5425
>14CA0 70000000 1000 3.341111111 0 3.34
>1111111 1000
II-M4 37591 37614 A-Act/360 5425
>14CB8 2400000 1000 3.771666667 0 3.77
>1666667 1000
I-S 37561 37589 A-30/360 5425
>14CD4 0 0 0 0
> 0 0
II-S 37561 37589 A-30/360 5425
>14BX1 0 0 0 0
> 0 0
LT3-IC 37561 37589 A-30/360
> 17499900 1142.857959 285.1352605 0 285.
>1352605 1142.857959
LT3-IIC 37561 37589 A-30/360
> 6599900 1000 310.3036799 0 310.
>3036799 1000
LT3-IP 37561 37589 A-30/360
> 100 1000 4240895.8 0 42
>40895.8 1000
LT3-IIP 37561 37589 A-30/360
> 100 1000 1660056.2 0 16
>60056.2 1000
R-3 37561 37589 A-30/360
> 0 0 0 0
> 0 0
> Page 8 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
I-A 887500000 12209026.09
> 80849075.3 12038920.53 92887995.83 105097021.9 0
> 0 794612004.2
II-A1 386750000 5740035.62
>56401227.99 7920020 64321247.99 70061283.61 0
> 0 322428752
II-A2 57500000 1163405.99
>17974017.73 2523962.42 20497980.15 21661386.14 0
> 0 37002019.85
II-A3 39600000 1298880
> 0 0 0 1298880 0
> 0 39600000
II-A4 26150000 1126193.36
> 0 0 0 1126193.36 0
> 0 26150000
II-M1 33000000 623528.28
> 8.6402E-11 0 0 623528.28 0
> 0 33000000
M2 73000000 1718972.894
> 0 0 0 1718972.894 0
> 0 73000000
M3 70000000 2234580.172
> 0 0 0 2234580.172 0
> 0 70000000
II-M4 2400000 85547.52
> 0 0 0 85547.52 0
> 0 2400000
I-S 0 4462500
> 0 0 0 4462500 0
> 0 0
II-S 0 2677500
> 0 0 0 2677500 0
> 0 0
LT3-IC 17499900 36090293.2
> 0 0 0 36090293.2 0
>2500000 19999900
LT3-IIC 6599900 15953165.06
> 0 0 0 15953165.06 0
> 0 6599900
LT3-IP 100 1848299.15
> 0 0 0 1848299.15 0
> 0 100
LT3-IIP 100 671016.55
> 0 0 0 671016.55 0
> 0 100
R-3 0 0
> 0 0 0 0 0
> 0 0
Total 1600000000 87902943.89
> 155224321 22482902.95 177707224 265610167.9 0
>2500000 1424792776
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
I-A 0.015 812579315.8
> 0 0 0 0 1049581.62 104
>9581.62 0
II-A1 0.017 333668925
> 0 0 0 0 488454.23 48
>8454.23 0
II-A2 0.035 40584052.99
> 0 0 0 0 118370.15 11
>8370.15 0
II-A3 0.0492 39600000
> 0 0 0 0 162360
> 162360 0
II-A4 0.0646 26150000
> 0 0 0 0 140774.17 14
>0774.17 0
II-M1 0.0213 33000000
> 0 0 0 0 60527.5
>60527.5 0
M2 0.02755 73000000
> 0 0 0 0 173182.3611 1731
>82.3611 0
M3 0.0388 70000000
> 0 0 0 0 233877.7778 2338
>77.7778 0
II-M4 0.0438 2400000
> 0 0 0 0 9052
> 9052 0
I-S 0.0525 127500000
> 0 0 0 0 557812.5 5
>57812.5 0
II-S 0.0525 76500000
> 0 0 0 0 334687.5 3
>34687.5 0
LT3-IC 0.065403682 19999900
> 0 0 0 0 4989838.545 4989
>838.545 0
LT3-IIC 0.046368955 6599900
> 0 0 0 0 2047973.257 2047
>973.257 0
LT3-IP 100
> 0 0 0 0 424089.58 42
>4089.58 0
LT3-IIP 100
> 0 0 0 0 166005.62 16
>6005.62 0
R-3 0
> 0 0 0 0 0
> 0 0
Total 1661582294
> 0 0 0 0 10956586.81 1095
>6586.81 0
> Page 9 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC V
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
I-C 17499900
> 19999900 4989838.545 0 4989838.545 0
> 0 19999900
II-C 6599900
> 6599900 2047973.257 0 2047973.257 0
> 0 6599900
I-P 100
> 100 424089.58 0 424089.58 0
> 0 100
II-P 100
> 100 166005.62 0 166005.62 0
> 0 100
R-X 0
> 0 0 0 0 0
> 0 0
Total 24100000
> 26600000 7627907.002 0 7627907.002 0
> 0 26600000
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
I-C 37561 37589 A-30/360
> 17499900 1142.857959 285.1352605 0 285.
>1352605 1142.857959
II-C 37561 37589 A-30/360
> 6599900 1000 310.3036799 0 310.
>3036799 1000
I-P 37561 37589 A-30/360
> 100 1000 4240895.8 0 42
>40895.8 1000
II-P 37561 37589 A-30/360
> 100 1000 1660056.2 0 16
>60056.2 1000
R-X 37561 37589 A-30/360
> 0 0 0 0
> 0 0
> Page 10 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REMIC V
Certificate Payment Report for December 26, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
I-C 17499900 36090293.2
> 0 0 0 36090293.2 0
>2500000 19999900
II-C 6599900 15953165.06
> 0 0 0 15953165.06 0
> 0 6599900
I-P 100 1848299.15
> 0 0 0 1848299.15 0
> 0 100
II-P 100 671016.55
> 0 0 0 671016.55 0
> 0 100
R-X 0 0
> 0 0 0 0 0
> 0 0
Total 24100000 54562773.97
> 0 0 0 54562773.97 0
>2500000 26600000
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
I-C 0.065403682 19999900
> 0 0 0 0 4989838.545 4989
>838.545 0
II-C 0.046368955 6599900
> 0 0 0 0 2047973.257 2047
>973.257 0
I-P 100
> 0 0 0 0 424089.58 42
>4089.58 0
II-P 100
> 0 0 0 0 166005.62 16
>6005.62 0
R-X 0
> 0 0 0 0 0
> 0 0
Total 26600000
> 0 0 0 0 7627907.002 7627
>907.002 0
> Page 11 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
SUMMARY
> GROUP II GROUP I TOTAL
Principal Collections
> 14,822,206.08 17,901,558.96 32,723,765.04
Principal Other Accounts
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL
> 14,822,206.08 17,901,558.96 32,723,765.04
Interest Collections
> 3,648,873.69 7,194,565.62 10,843,439.31
Interest Withdrawals
> 0.00 0.00 0.00
Interest Other Accounts
> 166,005.62 424,089.58 590,095.20
Interest Fees
> (152,457.80) (174,770.67) (411,195.00)
TOTAL NET INTEREST
> 3,662,421.51 7,443,884.53 11,022,339.51
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION
> 18,484,627.59 25,345,443.49 43,746,104.55
PRINCIPAL - COLLECTIONS
> GROUP II GROUP I TOTAL
Scheduled Principal Received
> 377,014.14 513,929.33 890,943.47
Prepayments In Full
> 14,414,230.84 16,877,060.06 31,291,290.90
Curtailments
> 30,961.10 205,938.83 236,899.93
Liquidations
> 0.00 370,383.44 370,383.44
Insurance Principal
> 0.00 0.00 0.00
Repurchased Principal Amounts
> 0.00 0.00 0.00
Other Principal
> 0.00 0.00 0.00
Total Realized Loss Of Principal
> 0.00 (65,752.70) (65,752.70)
Delinquent Principal
> (146,294.25) (258,442.08) (404,736.33)
Advanced Principal
> 146,294.25 258,442.08 404,736.33
TOTAL PRINCIPAL COLLECTED
> 14,822,206.08 17,901,558.96 32,723,765.04
Page 12 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS
> GROUP II GROUP I TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
> GROUP II GROUP I TOTAL
TOTAL OTHER ACCOUNTS PRINCIPAL
> 0.00 0.00 0.00
INTEREST - COLLECTIONS
> GROUP II GROUP I TOTAL
Scheduled Interest
> 3,741,386.11 7,403,477.74 11,144,863.85
Liquidation Interest
> 0.00 2,808.59 2,808.59
Repurchased Interest
> 0.00 0.00 0.00
Insurance Interest
> 0.00 0.00 0.00
Other Interest
> 0.00 0.00 0.00
Relief Act Interest Shortfalls
> 0.00 0.00 0.00
Prepayment Interest Shortfalls
> (48,707.07) (72,727.47) (121,434.54)
Compensating Interest
> 48,707.07 72,727.47 121,434.54
Delinquent Interest
> (1,631,266.72) (4,216,071.50) (5,847,338.22)
Interest Advanced
> 1,538,754.30 4,004,350.79 5,543,105.09
TOTAL INTEREST COLLECTED
> 3,648,873.69 7,194,565.62 10,843,439.31
Page 13 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
INTEREST - WITHDRAWALS
> GROUP II GROUP I TOTAL
Extraordinary Trust Fund Expenses
> 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWALS
> 0.00 0.00 0.00
INTEREST - OTHER ACCOUNTS
> GROUP II GROUP I TOTAL
Prepayment Charges
> 166,005.62 424,089.58 590,095.20
Capitalized Interest Requirement
> 0.00 0.00 0.00
TOTAL INTEREST OTHER ACCOUNTS
> 166,005.62 424,089.58 590,095.20
INTEREST - FEES
> GROUP II GROUP I TOTAL
Current Servicing Fees
> 128,322.15 174,770.67 303,092.82
Morgan Guaranty Insurance Payment
> 24,135.65 0.00 24,135.65
Guarantor Fee
> 83,966.53
California Tax Fee
> 0.00
TOTAL INTEREST OTHER FEES
> 152,457.80 174,770.67 411,195.00
Page 14 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Credit Enhancement Report for December 26, 2002 Distribution
Credit Enhancement Report
ACCOUNTS
> GROUP II GROUP I TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
> GROUP II GROUP I TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
> GROUP II GROUP I TOTAL
Overcollateralized Amount
> 6,599,900.00 19,999,900.00 26,599,800.00
Overcollateralization Release Amount
> 0.00 0.00 0.00
Overcollateralization Deficiency Amount
> 0.00 65,752.70 65,752.70
Overcollateralization Target Amount
> 6,599,900.00 19,999,900.00 26,599,800.00
Excess Overcollateralization Amount
> 0.00 0.00 0.00
Page 15 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
COLLATERAL
> GROUP II GROUP I TOTAL
Loan Count:
Original
> 2180 7849 10029
Prior
> 1979 7381 9360
Prefunding
> 0 0 0
Scheduled Paid Offs
> 0 0 0
Full Voluntary Prepayments
> -55 -117 -172
Repurchases
> 0 0 0
Liquidations
> 0 -2 -2
Current
> 1924 7262 9186
Principal Balance:
Original
> 599999910.8 1000003086 1600002997
Prior
> 530002977.9 927579315.8 1457582294
Prefunding
> 0 0 0
Scheduled Principal
> -377014.14 -513929.33 -890943.47
Partial and Full Voluntary Prepayments
> -14445191.94 -17082998.89 -31528190.83
Repurchases
> 0 0 0
Liquidations
> 0 -370383.44 -370383.44
Current
> 515180771.9 909612004.2 1424792776
PREFUNDING
> GROUP II GROUP I TOTAL
Number of Loans Repurchased in Current Period
> - - -
Balance of Loans Repurchased in Current Period
> 0.00 0.00 0.00
Number of Loans Substituted in Current Period
> - - -
Balance of Loans Substituted in Current Period
> 0.00 0.00 0.00
Group I
Group II
Current Prin Balance by Groups (in millions of dollars) Tota
>l Current Principal Balance (in millions of dollars)
Page 16 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
CHARACTERISTICS
> GROUP II GROUP I TOTAL
Weighted Average Coupon Original
> 0.084622219 0.095817985 0.091619581
Weighted Average Coupon Prior
> 0.084705038 0.095834108 0.091758281
Weighted Average Coupon Current
> 0.084710153 0.095814379 0.091776684
Weighted Average Months to Maturity Original
> 351 356 354.1320509
Weighted Average Months to Maturity Prior
> 346 350 348.5455285
Weighted Average Months to Maturity Current
> 345 349 347.5536682
Weighted Avg Remaining Amortization Term Original
> 350.7578826 355.5321574 353.7485369
Weighted Avg Remaining Amortization Term Prior
> 345.0994834 349.4553021 347.8714486
Weighted Avg Remaining Amortization Term Current
> 344.4295478 348.4146276 346.9736907
Weighted Average Seasoning Original
> 3.46347029 2.9134815 3.118951714
Weighted Average Seasoning Prior
> 9.27569848 8.8614554 9.012081589
Weighted Average Seasoning Current
> 10.25467694 9.86017159 10.002818
Note: Original information refers to deal issue.
Group I
Group II
WAC by Groups Tota
>l WAC
WARAT by Groups Tota
>l WARAT
Note: Dates correspond to distribution dates.
Page 17 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS
> GROUP II GROUP I TOTAL
Weighted Average Margin Original
> 0.03477427 0.05127648
Weighted Average Margin Prior
> 0.035545 0.05134901
Weighted Average Margin Current
> 0.03591835 0.05134947
Weighted Average Max Rate Original
> 0.11963249 0.14868478
Weighted Average Max Rate Prior
> 0.12067819 0.14875902
Weighted Average Max Rate Current
> 0.12124969 0.14875322
Weighted Average Min Rate Original
> 0.05353694 0.08483842
Weighted Average Min Rate Prior
> 0.05476053 0.08500151
Weighted Average Min Rate Current
> 0.0553031 0.08500724
Weighted Average Cap Up Original
> 0.00843009 0.01087758
Weighted Average Cap Up Prior
> 0.00838976 0.01086259
Weighted Average Cap Up Current
> 0.00850936 0.01089254
Weighted Average Cap Down Original
> 0.00652461 0.00879754
Weighted Average Cap Down Prior
> 0.00656083 0.00881281
Weighted Average Cap Down Current
> 0.00662592 0.00881498
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES
> GROUP II GROUP I TOTAL
Current Servicing Fees
> 128,322.15 174,770.67 303,092.82
Delinquent Servicing Fees
> 92,512.42 211,720.71 304,233.13
TOTAL SERVICING FEES
> 220,834.57 386,491.38 607,325.95
Compensating Interest
> (48,707.07) (72,727.47) (121,434.54)
Delinquent Servicing Fees
> (92,512.42) (211,720.71) (304,233.13)
COLLECTED SERVICING FEES
> 79,615.08 102,043.20 181,658.28
Aggregate Advances with respect to this Distribution
> 1,685,048.55 4,262,792.87 5,947,841.42
Current Nonrecoverable Advances
> 0.00 0.00 0.00
ADDITIONAL COLLATERAL INFORMATION
> GROUP II GROUP I TOTAL
Net Prepayment Interest Shortfall
> 0.00 0.00 0.00
Page 18 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
>55935626.22 18396942.22 23905131.98 98237700.42
% Balance
> 0.03925878 0.012912013 0.016777971 0.068948764
# Loans
> 452 158 197 807
% # Loans
>0.049205312 0.017200087 0.021445678 0.087851078
FORECLOSURE Balance 0
> 0 106679.58 18679094.47 18785774.05
% Balance 0
> 0 7.48738E-05 0.013110043 0.013184917
# Loans 0
> 0 2 131 133
% # Loans 0
> 0 0.000217723 0.014260832 0.014478554
BANKRUPTCY Balance 6042726.71
> 1056739.66 986726.2 5479971.83 13566164.4
% Balance 0.004241127
> 0.00074168 0.00069254 0.003846154 0.0095215
# Loans 46
> 4 8 45 103
% # Loans 0.00500762
>0.000435445 0.00087089 0.004898759 0.011212715
REO Balance 0
> 0 0 367809.76 367809.76
% Balance 0
> 0 0 0.00025815 0.00025815
# Loans 0
> 0 0 4 4
% # Loans 0
> 0 0 0.000435445 0.000435445
TOTAL Balance 6042726.71
>56992365.88 19490348 48432008.04 130957448.6
% Balance 0.004241127
> 0.04000046 0.013679426 0.033992317 0.09191333
# Loans 46
> 456 168 377 1047
% # Loans 0.00500762
>0.049640758 0.0182887 0.041040714 0.113977792
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 19 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Group I Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
>44549455.84 15293721.63 19070579.58 78913757.05
% Balance
>0.048976328 0.016813456 0.02096562 0.086755404
# Loans
> 403 144 172 719
% # Loans
>0.055494354 0.019829248 0.023684935 0.099008538
FORECLOSURE Balance 0
> 0 106679.58 13339786.77 13446466.35
% Balance 0
> 0 0.00011728 0.014665359 0.01478264
# Loans 0
> 0 2 111 113
% # Loans 0
> 0 0.000275406 0.015285045 0.015560452
BANKRUPTCY Balance 3981534.54
> 117839.19 897195.03 4889651.6 9886220.36
% Balance 0.004377179
>0.000129549 0.000986349 0.005375535 0.010868612
# Loans 37
> 2 7 41 87
% # Loans 0.005095015
>0.000275406 0.000963922 0.005645828 0.011980171
REO Balance 0
> 0 0 367809.76 367809.76
% Balance 0
> 0 0 0.000404359 0.000404359
# Loans 0
> 0 0 4 4
% # Loans 0
> 0 0 0.000550812 0.000550812
TOTAL Balance 3981534.54
>44667295.03 16297596.24 37667827.71 102614253.5
% Balance 0.004377179
>0.049105877 0.017917086 0.041410874 0.112811015
# Loans 37
> 405 153 328 923
% # Loans 0.005095015
> 0.05576976 0.021068576 0.045166621 0.127099972
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 20 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Group II Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
>11386170.38 3103220.59 4834552.4 19323943.37
% Balance
>0.022101311 0.006023557 0.009384186 0.037509054
# Loans
> 49 14 25 88
% # Loans
>0.025467775 0.007276507 0.012993763 0.045738046
FORECLOSURE Balance 0
> 0 0 5339307.7 5339307.7
% Balance 0
> 0 0 0.01036395 0.01036395
# Loans 0
> 0 0 20 20
% # Loans 0
> 0 0 0.01039501 0.01039501
BANKRUPTCY Balance 2061192.17
> 938900.47 89531.17 590320.23 3679944.04
% Balance 0.004000911
>0.001822468 0.000173786 0.001145851 0.007143015
# Loans 9
> 2 1 4 16
% # Loans 0.004677755
>0.001039501 0.000519751 0.002079002 0.008316008
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 2061192.17
>12325070.85 3192751.76 10764180.33 28343195.11
% Balance 0.004000911
>0.023923779 0.006197343 0.020893987 0.055016019
# Loans 9
> 51 15 49 124
% # Loans 0.004677755
>0.026507277 0.007796258 0.025467775 0.064449064
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 21 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
REO Report for December 26, 2002 Distribution
REO Report - Mortgage Loans that Become REO During Current Dis
>tribution
SUMMARY LOAN GROUP
Total Loan Count = 3 Loan Group 1
>= Group I Group; REO Book Value = Not Available
Total Original Principal Balance = 326,600.00 Loan Group 2
> = Group II Group; REO Book Value = Not Available
Total Current Balance = 325,438.63
REO Book Value = Not Available
REO Book Value reported corresponds to total REO loans, including loans that be
>come REO during current distribution.
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
44367498 1 95200 94875.25 37347
> 0.114TX - 85.00% 360 37273
44385946 1 71400 71204.16 37316
> 0.124NE - 85.00% 360 37287
44394864 1 160000 159359.22 37316
> 0.1065CO - 80.00% 360 37294
Page 22 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Foreclosure Report for December 26, 2002 Distribution
Foreclosure Report - Mortgage Loans that Become Foreclosure Du
>ring Current Distribution
SUMMARY LOAN GROUP
Total Loan Count = 54 Loan Group 1
>= Group I Group
Total Original Principal Balance = 8,988,610.00 Loan Group 2
> = Group II Group
Total Current Balance = 8,945,530.10
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
44326700 1 261000 259862.24 37408
> 0.1115CA - 90.00% 360 37230
44330959 1 259250 257565.28 37408
> 0.088CO - 85.00% 360 37242
44332047 1 205200 204020.53 37377
> 0.094CO - 90.00% 360 37242
44334563 1 228000 226756.95 37377
> 0.09775CA - 80.00% 360 37244
44336576 1 68000 67781.91 37377
> 0.1215OH - 80.00% 360 37245
44340479 1 144000 143395.76 37377
> 0.109IL - 80.00% 360 37249
44341857 1 89520 89262.98 37377
> 0.1265NC - 80.00% 360 37251
44343234 1 42400 42253.4 37377
> 0.118TX - 71.26% 360 37252
44345619 1 138000 137162.16 37408
> 0.1015WA - 53.49% 360 37253
44347052 1 87550 87173.38 37377
> 0.1115MD - 85.00% 360 37253
44348316 1 81000 80641.57 37377
> 0.1065SC - 90.00% 360 37256
44351369 1 220000 219170.66 37377
> 0.114UT - 84.62% 360 37256
44353811 1 48800 48548.61 37377
> 0.1199NY - 80.00% 360 37256
44367829 1 36750 36637.53 37408
> 0.119MO - 75.00% 360 37274
44368421 1 44625 44426.29 37377
> 0.1015IN - 85.00% 360 37274
44371078 1 76500 76067.7 37316
> 0.09GA - 85.00% 360 37279
44371839 1 128800 127807.1 37408
> 0.0745TX - 70.00% 360 37279
44373488 1 68850 68543.33 37469
> 0.1015UT - 85.00% 360 37280
44378784 1 168800 168283.52 37347
> 0.119CO - 80.00% 360 37285
44379766 1 48000 47868.29 37377
> 0.124MS - 80.00% 360 37285
44384337 1 72000 71767.32 37438
> 0.1165AR - 80.00% 360 37287
44385250 1 281250 280290.86 37408
> 0.114CO - 75.00% 360 37287
44386423 1 110500 110033.42 37408
> 0.104TX - 85.00% 360 37287
44387868 1 128775 128358.94 37377
> 0.1165OR - 85.00% 360 37287
44388064 1 193500 192638.71 37377
> 0.1015CO - 90.00% 360 37287
44388858 1 78200 77957.56 37377
> 0.1184NC - 85.00% 360 37287
44389377 1 100300 99545.02 37347
> 0.095CO - 85.00% 360 37287
44389435 1 68000 67682.72 37408
> 0.102AZ - 80.00% 360 37287
44392736 1 46400 46123.9 37408
> 0.114OH - 80.00% 360 37292
44398675 1 39920 39832.24 37377
> 0.129MO - 80.00% 360 37299
44398980 1 38250 38136.25 37469
> 0.11525AZ - 85.00% 360 37299
44400737 1 73110 72802.6 37377
> 0.099ID - 85.00% 360 37301
44401883 1 80000 79792.48 37347
> 0.1215NC - 80.00% 360 37302
44406650 1 174000 173268.43 37408
> 0.099CT - 60.00% 360 37307
44407401 1 93500 93249.16 37377
> 0.125FL - 83.78% 360 37287
44409472 1 201500 201005.2 37347
> 0.124WA - 65.00% 360 37309
44416972 1 99900 99471.09 37408
> 0.098OH - 90.00% 360 37314
44419869 1 48000 47894.48 37408
> 0.129MO - 80.00% 360 37315
44424174 1 60000 59806.53 37377
> 0.1115OH - 80.00% 360 37315
44425742 1 104000 103690.82 37377
> 0.11525CO - 80.00% 360 37315
44427334 1 67915 67727.83 37438
> 0.119OH - 85.00% 360 37316
44338549 2 488750 486699.33 37377
> 0.109CA - 85.00% 360 37246
44352516 2 338400 336646.63 37377
> 0.099CO - 90.00% 360 37256
44357879 2 403750 401537.69 37347
> 0.0915TN - 85.00% 360 37264
Page 23 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Foreclosure Report for December 26, 2002 Distribution
Foreclosure Report - Mortage Loans that Become Foreclosure Dur
>ing Current Distribution
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
44364958 2 37995 37920.38 37377
> 0.139TX - 85.00% 360 37271
44369817 2 352000 350391.53 37408
> 0.10025NE - 80.00% 360 37278
44374346 2 615000 611074.84 37408
> 0.084IL - 72.35% 360 37280
44376267 2 812000 806040.87 37438
> 0.077UT - 60.15% 360 37284
44377158 2 74850 74681.82 37377
> 0.1415TX - 62.90% 360 37284
44385888 2 31500 31434.54 37347
> 0.1365OK - 78.95% 360 37287
44391894 2 450500 448386.77 37347
> 0.099CA - 85.00% 360 37292
44393247 2 65100 64983.04 37377
> 0.138TX - 70.00% 360 37293
44405959 2 649900 646923.99 37438
> 0.0949TX - 79.74% 360 37307
59600858 2 64800 64503.92 37288
> 0.105MO - 80.00% 360 37228
Page 24 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS
> GROUP II GROUP I TOTAL
Current
Number of Paid in Full Loans
> 55 117 172
Number of Repurchased Loans
> 0 0 0
Total Number of Loans Prepaid in Full
> 55 117 172
Paid in Full Balance
> 14414230.84 16877060.06 31291290.9
Repurchased Loans Balance
> 0 0 0
Curtailments Amount
> 30961.1 205938.83 236899.93
Total Prepayment Amount
> 14445191.94 17082998.89 31528190.83
Cumulative
Number of Paid in Full Loans
> 279 582 861
Number of Repurchased Loans
> 24 96 120
Total Number of Loans Prepaid in Full
> 303 678 981
Paid in Full Balance
> 81272578.58 85058485.29 166331063.9
Repurchased Loans Balance
> 4910154.22 10415414.35 15325568.57
Curtailments Amount
> -4566225.81 -9637170.64 -14203396.45
Total Prepayment Amount
> 81616506.99 85836729 167453236
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 25 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES
> GROUP II GROUP I TOTAL
SMM
> 0.027274327 0.018426962 0.0216437
3 Months Avg SMM
> 0.023569436 0.016440422 0.019041651
12 Months Avg SMM
Avg SMM Since Cut-off
> 0.018179312 0.011189019 0.013768615
CPR
> 0.282396518 0.200034153 0.230932338
3 Months Avg CPR
> 0.248902391 0.180388462 0.206025022
12 Months Avg CPR
Avg CPR Since Cut-off
> 0.197608818 0.126305964 0.153268281
PSA
> 13.76915722 10.1435432 11.54336399
3 Months Avg PSA Approximation
> 13.41551703 10.17866406 11.43018327
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
> 14.90973251 10.27037866 12.11616171
Group I
Group II
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 26 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Group I
Group II
CPR Avg since Cut-Off by Groups Tota
>l CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups Tota
>l PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full p
>repayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn
>,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (Avg
>CPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and
>mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,W
>ASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and
> include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
Page 27 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Detail Report for December 26, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 172
> Loan Group 1 = Group I Group
Total Original Principal Balance = 31,514,959.65
> Loan Group 2 = Group II Group
Total Prepayment Amount = 31,291,290.90
Loan Number Original
> Current State & Type Prepayment
& Loan Principal Prepayment Prep
>ayment Note LTV at & Origination
Loan Group Status Balance Amount Date
> Rate Origination Original Term Date
44322170 1 281000 279996.47
> 37566 0.1165CA - 63.86% Paid Off - 36 37231
44322543 1 172200 171612.74
> 37589 0.114UT - 70.00% Paid Off - 36 37231
44332427 1 118915 118588.91
> 37575 0.124MA - 82.01% Paid Off - 36 37243
44334936 1 176250 175189.68
> 37589 0.0949MI - 75.00% Paid Off - 36 37244
44335008 1 66759 66357.91
> 37561 0.087AZ - 79.94% Paid Off - 36 37244
44335289 1 180000 179442.96
> 37561 0.1215CA - 80.00% Paid Off - 36 37244
44335941 1 71100 70747.54
> 37586 0.0965GA - 82.67% Paid Off - 36 37245
44338051 1 195500 194451.39
> 37561 0.094AZ - 85.00% Paid Off - 36 37246
44338077 1 231000 229825.25
> 37561 0.0965CA - 74.52% Paid Off - 36 37246
44338499 1 161500 160458.81
> 37574 0.0835CO - 85.00% Paid Off - 36 37246
44341469 1 247000 245476.22
> 37587 0.0865CA - 65.00% Paid Off - 36 37251
44343457 1 202400 201499.02
> 37580 0.1015CO - 80.00% Paid Off - 36 37252
44344133 1 235000 233734.32
> 37572 0.094CA - 83.93% Paid Off - 36 37252
44344141 1 130900 130228.38
> 37578 0.09525CO - 84.45% Paid Off - 36 37252
44344455 1 260000 258155.76
> 37574 0.08CA - 80.00% Paid Off - 36 37252
44345726 1 126000 125171.18
> 37585 0.0825CA - 63.00% Paid Off - 36 37253
44346427 1 285000 283516.76
> 37561 0.094CA - 48.72% Paid Off - 36 37253
44347342 1 105000 104184.1
> 37566 0.07755CA - 38.89% Paid Off - 36 37253
44348654 1 238000 236883.57
> 37564 0.099CA - 85.00% Paid Off - 36 37256
44349405 1 255500 254476.82
> 37589 0.1065NY - 70.00% Paid Off - 36 37256
44349777 1 132000 131441.74
> 37582 0.104IL - 80.00% Paid Off - 36 37256
44350130 1 140000 138698.04
> 37586 0.1065MD - 80.00% Paid Off - 36 37256
44350148 1 45000 44819.44
> 37565 0.1065TX - 75.00% Paid Off - 36 37256
44350338 1 48000 47742.29
> 37580 0.0925OH - 80.00% Paid Off - 36 37256
44351021 1 220000 218967.96
> 37561 0.099FL - 80.00% Paid Off - 36 37256
44351278 1 184000 182693.34
> 37574 0.0799CA - 80.00% Paid Off - 36 37256
44351666 1 115515 114973.07
> 37574 0.099LA - 85.00% Paid Off - 36 37256
44352318 1 136000 135191.28
> 37573 0.0875CO - 80.00% Paid Off - 36 37256
44353423 1 274320 272022.9
> 37561 0.0835CO - 90.00% Paid Off - 36 37256
44355188 1 112200 111752.39
> 37585 0.1015MI - 85.00% Paid Off - 36 37259
44355964 1 222500 221514.98
> 37585 0.109IL - 50.00% Paid Off - 36 37260
44356152 1 150000 148379.51
> 37568 0.089CA - 69.77% Paid Off - 36 37260
44356475 1 66725 66541.96
> 37579 0.124OK - 85.00% Paid Off - 36 37260
44358638 1 183600 182562.56
> 37587 0.09CA - 85.00% Paid Off - 36 37256
44358729 1 192000 191134.04
> 37567 0.0965CA - 73.85% Paid Off - 36 37265
44359495 1 118400 117925.76
> 37586 0.1065CA - 80.00% Paid Off - 36 37265
44359677 1 85850 85518.29
> 37567 0.104FL - 85.00% Paid Off - 36 37265
44359685 1 144900 144189.98
> 37568 0.099CA - 90.00% Paid Off - 36 37265
44362994 1 217500 216576.68
> 37574 0.099NY - 75.00% Paid Off - 36 37270
44364271 1 229500 228667.67
> 37589 0.106IL - 85.00% Paid Off - 36 37271
44366946 1 157250 156469.45
> 37580 0.091CA - 85.00% Paid Off - 36 37273
44367357 1 105000 104544.45
> 37589 0.0975IL - 75.00% Paid Off - 36 37273
44368140 1 63000 62817.66
> 37567 0.1165AL - 56.76% Paid Off - 36 37274
44368447 1 161500 159896.59
> 37589 0.0965CO - 79.95% Paid Off - 36 37274
Page
> 28 of 37 COPYRIGHT 2002 Deutsc
>he Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Detail Report for December 26, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
Loan Number Original
> Current State &
& Loan Principal Prepayment Prep
>ayment Note LTV at Original Origination
Loan Group Status Balance Amount Date
> Rate Origination Term Date
44369015 1 268000 267229.01
> 37575 0.1215WA - 80.00% Paid Off - 36 37274
44369353 1 62050 61773.73
> 37589 0.0965OR - 76.61% Paid Off - 36 37278
44371409 1 183750 182567.29
> 37582 0.0845NY - 75.00% Paid Off - 36 37279
44371946 1 29250 29155.38
> 37568 0.1265MO - 50.43% Paid Off - 36 37279
44374973 1 205110 204448.72
> 37585 0.1115NY - 90.00% Paid Off - 36 37281
44376051 1 187500 186098.7
> 37561 0.086CA - 75.00% Paid Off - 36 37284
44376341 1 94350 93973.61
> 37565 0.1015RI - 85.00% Paid Off - 36 37284
44376648 1 51000 50860.27
> 37579 0.119KS - 85.00% Paid Off - 36 37284
44377695 1 92000 91369.23
> 37587 0.082NC - 80.00% Paid Off - 36 37284
44378123 1 185000 184330.31
> 37586 0.109CA - 81.14% Paid Off - 36 37285
44378347 1 35000 34873.36
> 37574 0.1115CT - 50.00% Paid Off - 36 37285
44378768 1 145600 145130.55
> 37575 0.1115MO - 59.67% Paid Off - 36 37285
44379287 1 175000 174034.19
> 37585 0.0858CA - 71.43% Paid Off - 36 37285
44379634 1 149600 149063.18
> 37578 0.1065OR - 80.00% Paid Off - 36 37285
44380426 1 145600 145222.26
> 37568 0.1215CA - 80.00% Paid Off - 36 37286
44383081 1 112000 111503.9
> 37566 0.0965FL - 80.00% Paid Off - 36 37286
44383305 1 195000 193938.96
> 37579 0.0865MA - 75.00% Paid Off - 36 37286
44383917 1 128000 127338.03
> 37587 0.089CO - 80.00% Paid Off - 36 37286
44385656 1 117600 117130.83
> 37565 0.1015AZ - 80.00% Paid Off - 36 37287
44387017 1 97000 96457.38
> 37574 0.087CA - 74.62% Paid Off - 36 37287
44387231 1 104650 104108.86
> 37568 0.089CA - 64.80% Paid Off - 36 37287
44387611 1 111000 110622.34
> 37574 0.109AZ - 82.22% Paid Off - 36 37287
44389146 1 94500 94045.23
> 37580 0.0925MT - 70.00% Paid Off - 36 37287
44389450 1 152000 151347.46
> 37572 0.098MA - 80.00% Paid Off - 36 37274
44390151 1 116000 114988.41
> 37565 0.104AZ - 80.00% Paid Off - 36 37288
44390508 1 106000 105653.55
> 37578 0.1115CO - 57.92% Paid Off - 36 37288
44390722 1 55250 54986.77
> 37589 0.093MI - 85.00% Paid Off - 36 37288
44393528 1 68000 67759.92
> 37567 0.1015TN - 80.00% Paid Off - 36 37293
44393874 1 238000 236945.73
> 37573 0.0965CA - 85.00% Paid Off - 36 37293
44395283 1 29100 28881.36
> 37566 0.1215OH - 44.77% Paid Off - 36 37295
44396877 1 203000 201805.89
> 37581 0.0795CA - 76.60% Paid Off - 36 37298
44398295 1 202400 201285.64
> 37565 0.0799CA - 80.00% Paid Off - 36 37299
44399806 1 92800 92587.04
> 37572 0.1215WI - 80.00% Paid Off - 36 37300
44400497 1 110500 110129.37
> 37572 0.104CA - 85.00% Paid Off - 36 37300
44400562 1 180000 179132.51
> 37566 0.0865CA - 75.00% Paid Off - 36 37300
44401479 1 121550 121015.76
> 37561 0.091CA - 85.00% Paid Off - 36 37301
44404259 1 88800 88532.66
> 37587 0.109MO - 80.00% Paid Off - 36 37306
44404523 1 141300 140791.16
> 37561 0.104SC - 90.00% Paid Off - 36 37306
44405033 1 113000 112600.98
> 37581 0.1015MN - 52.56% Paid Off - 36 37306
44405041 1 140250 139812.93
> 37581 0.109CO - 85.00% Paid Off - 36 37306
44405561 1 220000 219043
> 37579 0.0915CO - 80.00% Paid Off - 36 37306
44406205 1 141950 141421.72
> 37585 0.099CA - 85.00% Paid Off - 36 37307
44407633 1 263305 261855.24
> 37580 0.0799CA - 90.00% Paid Off - 36 37308
44407773 1 261000 259633.24
> 37574 0.0824CA - 74.57% Paid Off - 36 37308
44408292 1 79600 79223.48
> 37585 0.0875CA - 80.00% Paid Off - 36 37308
44408573 1 113000 112641.2
> 37578 0.1065NY - 59.47% Paid Off - 36 37308
44409597 1 108750 108276.94
> 37565 0.0915IN - 75.00% Paid Off - 36 37309
44411882 1 126000 125531.03
> 37586 0.099MI - 76.36% Paid Off - 36 37312
44412971 1 64000 63591.16
> 37567 0.0805FL - 80.00% Paid Off - 36 37312
44413508 1 172800 172242.44
> 37581 0.109MA - 80.00% Paid Off - 36 37313
44414001 1 60000 59799.03
> 37579 0.104MI - 73.17% Paid Off - 36 37313
44415008 1 57000 56807.02
> 37585 0.1035OR - 39.86% Paid Off - 36 37313
Page
> 29 of 37 COPYRIGHT 2002 Deutsc
>he Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Detail Report for December 26, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
Loan Number Original
> Current State &
& Loan Principal Prepayment Prep
>ayment Note LTV at Original Origination
Loan Group Status Balance Amount Date
> Rate Origination Term Date
44418457 1 152000 151520.96
> 37565 0.1099CA - 80.00% Paid Off - 36 37314
44419125 1 234000 232711.64
> 37585 0.0799CO - 90.00% Paid Off - 36 37314
44420388 1 222400 221655.18
> 37579 0.104CO - 84.99% Paid Off - 36 37315
44420909 1 108000 107691.96
> 37565 0.1115CA - 80.00% Paid Off - 36 37315
44421303 1 74750 74497.45
> 37575 0.119LA - 65.00% Paid Off - 36 37315
44422459 1 189750 188898.67
> 37572 0.09WA - 55.00% Paid Off - 36 37315
44423325 1 178000 177006.23
> 37582 0.0795CA - 80.00% Paid Off - 36 37315
44423408 1 192000 191060.5
> 37586 0.0874MT - 80.00% Paid Off - 36 37315
44425973 1 220000 219572.49
> 37567 0.129CA - 80.00% Paid Off - 36 37314
44427250 1 172250 171595.98
> 37568 0.1065IL - 65.00% Paid Off - 36 37316
44427722 1 47000 46804.94
> 37580 0.094NE - 64.38% Paid Off - 36 37319
44427839 1 231000 229886.73
> 37573 0.0865NY - 78.84% Paid Off - 36 37319
44428381 1 113050 112521.58
> 37586 0.088FL - 85.00% Paid Off - 36 37319
44428852 1 77600 77251.15
> 37585 0.0899NE - 80.00% Paid Off - 36 37320
44431039 1 65800 65427
> 37582 0.0825OR - 70.00% Paid Off - 36 37321
44431161 1 210000 208661.29
> 37586 0.0725CA - 79.25% Paid Off - 36 37321
44584514 1 67950 67838.16
> 37564 0.104AL - 90.00% Paid Off - 36 37425
44589539 1 77350 77245.21
> 37564 0.113KY - 85.00% Paid Off - 36 37426
44598258 1 130400 130229.03
> 37564 0.1145NC - 80.00% Paid Off - 36 37433
44609527 1 51000 50939.42
> 37564 0.119MO - 85.00% Paid Off - 36 37438
44609576 1 105600 105406.71
> 37564 0.099MO - 80.00% Paid Off - 36 37438
34004622 2 106082 100723.41
> 37567 0.08CT - 89.90% Paid Off - 36 36669
43708098 2 344400 339546.64
> 37580 0.075CA - 80.09% Paid Off - 36 36983
43894948 2 112375 110834.96
> 37561 0.07CA - 89.90% Paid Off - 36 37054
44223725 2 337500 335707.06
> 37564 0.1099MI - 90.00% Paid Off - 36 37134
44281228 2 207800 206014.96
> 37573 0.0905TX - 94.96% Paid Off - 36 37194
44283380 2 279000 277054.59
> 37589 0.089CO - 90.00% Paid Off - 36 37195
44284909 2 123500 122514.63
> 37575 0.0895IL - 95.00% Paid Off - 36 37195
44297489 2 212000 210418.53
> 37578 0.08125MA - 80.00% Paid Off - 36 37209
44302339 2 198841.65 197710.55
> 37589 0.0945AZ - 94.97% Paid Off - 36 37214
44306744 2 387000 383705.05
> 37578 0.088CA - 90.00% Paid Off - 36 37221
44318988 2 232750 231282.9
> 37566 0.0895CA - 94.23% Paid Off - 36 37228
44322261 2 204250 203195.91
> 37574 0.0945CA - 95.00% Paid Off - 36 37231
44323913 2 54000 52773.86
> 37574 0.125CA - 20.00% Paid Off - 12 37235
44326098 2 300000 298203.29
> 37568 0.088CA - 88.24% Paid Off - 36 37236
44327328 2 315000 312688.33
> 37589 0.077CO - 78.75% Paid Off - 36 37237
44328383 2 343000 340721.12
> 37580 0.082CA - 70.00% Paid Off - 36 37238
44332344 2 48000 47909.09
> 37586 0.1415MI - 60.00% Paid Off - 36 37243
44332864 2 361250 359080.08
> 37566 0.087CA - 85.00% Paid Off - 36 37243
44335024 2 571500 568285.14
> 37580 0.094CA - 90.00% Paid Off - 36 37244
44340271 2 121600 121278.48
> 37585 0.1315CO - 80.00% Paid Off - 36 37249
44341121 2 232000 230728.78
> 37575 0.0915TX - 85.93% Paid Off - 36 37251
44342590 2 236700 235189.32
> 37589 0.084CA - 90.00% Paid Off - 36 37252
44342954 2 190000 184656.79
> 37578 0.088NY - 95.00% Paid Off - 12 37252
44345767 2 137750 136963.42
> 37585 0.0895OR - 95.00% Paid Off - 36 37253
44350593 2 600000 595224.52
> 37572 0.074CA - 82.99% Paid Off - 36 37256
44351674 2 156750 155936.77
> 37566 0.0955CA - 95.00% Paid Off - 36 37256
44352250 2 350000 347897.62
> 37586 0.087CA - 53.03% Paid Off - 36 37256
44354702 2 400000 397126.02
> 37580 0.0825WA - 80.00% Paid Off - 36 37258
44363505 2 73600 73197.44
> 37572 0.08625CA - 80.00% Paid Off - 36 37270
44363513 2 73600 73197.44
> 37572 0.08625CA - 80.00% Paid Off - 36 37270
44368397 2 105000 104440.11
> 37574 0.0875GA - 75.00% Paid Off - 36 37274
Page
> 30 of 37 COPYRIGHT 2002 Deutsc
>he Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Prepayment Detail Report for December 26, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
Loan Number Original
> Current State &
& Loan Principal Prepayment Prep
>ayment Note LTV at Original Origination
Loan Group Status Balance Amount Date
> Rate Origination Term Date
44374296 2 311950 310385.68
> 37582 0.0905CO - 85.00% Paid Off - 36 37280
44377737 2 23000 22522.28
> 37587 0.1299NC - 20.00% Paid Off - 12 37284
44378107 2 350000 348422.56
> 37580 0.114NJ - 57.00% Paid Off - 36 37285
44381770 2 576000 571692.25
> 37581 0.0705CA - 80.00% Paid Off - 36 37286
44382521 2 504000 492531.29
> 37587 0.0799MI - 81.82% Paid Off - 36 37286
44383388 2 384000 381931.67
> 37587 0.087CO - 80.00% Paid Off - 36 37286
44387363 2 268000 266209.2
> 37568 0.07625CA - 80.00% Paid Off - 36 37287
44390573 2 408000 405462.47
> 37578 0.0809AZ - 80.00% Paid Off - 36 37288
44391332 2 257400 256068.96
> 37586 0.089GA - 78.00% Paid Off - 36 37291
44399400 2 166500 165721.75
> 37564 0.088NC - 78.54% Paid Off - 36 37300
44400125 2 376000 374153.5
> 37585 0.0875CO - 79.16% Paid Off - 36 37300
44403632 2 325000 322891.05
> 37581 0.0825MD - 69.15% Paid Off - 36 37277
44409019 2 19900 19738.59
> 37585 0.1225CA - 20.00% Paid Off - 24 37308
44412997 2 16000 15837.08
> 37567 0.105FL - 20.00% Paid Off - 24 37312
44416220 2 500000 496684.78
> 37564 0.0815MA - 50.00% Paid Off - 36 37314
44418713 2 274500 273113.66
> 37586 0.088NV - 90.00% Paid Off - 36 37314
44422483 2 263862 262508.26
> 37564 0.0865WA - 90.00% Paid Off - 36 37315
44426013 2 212000 206874.52
> 37581 0.0775GA - 80.00% Paid Off - 12 37313
44432318 2 331500 329938.76
> 37568 0.0835CA - 85.00% Paid Off - 36 37322
44600765 2 112200 112021.21
> 37564 0.1055AZ - 85.00% Paid Off - 36 37434
59600379 2 59500 59219.41
> 37589 0.09875IA - 85.00% Paid Off - 36 37256
59601005 2 82800 82476.52
> 37578 0.1025IA - 90.00% Paid Off - 36 37266
63545115 2 900000 866487.51
> 37561 0.065CA - 45.00% Paid Off - 12 37224
66012915 2 420000 417131.07
> 37581 0.07625CA - 70.00% Paid Off - 36 37271
Page
> 31 of 37 COPYRIGHT 2002 Deutsc
>he Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES
> GROUP II GROUP I TOTAL
Current
Number of Loans Liquidated
> 0 2 2
Collateral Realized Loss/(Gain) Amount
> 0 65752.7 65752.7
Net Liquidation Proceeds
> 0 304630.74 304630.74
Cumulative
Number of Loans Liquidated
> 0 2 2
Collateral Realized Loss/(Gain) Amount
> 0 65752.7 65752.7
Net Liquidation Proceeds
> 0 304630.74 304630.74
Note: Collateral realized losses may include adjustments to loan
>s liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
Group I
> 3 Months Moving Average
Group II
Collateral Loss Severity Approximation by Groups Coll
>ateral Loss Severity Approximation
Page 32 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS
> GROUP II GROUP I TOTAL
MDR
> 0 0.000399301 0.000254108
3 Months Avg MDR
> 0 0.000133118 8.47099E-05
12 Months Avg MDR
Avg MDR Since Cut-off
> 0 4.99214E-05 3.1767E-05
CDR
> 0 0.004781104 0.003045039
3 Months Avg CDR
> 0 0.001596248 0.001016045
12 Months Avg CDR
Avg CDR Since Cut-off
> 0 0.000598892 0.000381138
SDA
> 0 0.024244528 0.015220905
3 Months Avg SDA Approximation
> 0 0.009007046 0.005636976
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation
> 0 0.004869799 0.003012971
Loss Severity Approximation for Current Period
> 0.177526025 0.177526025
3 Months Avg Loss Severity Approximation
> 0.177526025 0.177526025
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
> 0.177526025 0.177526025
Group I
Group II
CDR by Groups Tota
>l CDR
SDA by Groups Tota
>l SDA
Page 33 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
Group I
Group II
CDR Avg since Cut-Off by Groups Tota
>l CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups Tota
>l SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquida
>ted Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.
>02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn
>,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (Avg
>CDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and
>mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX
>(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of mo
>nths in the period n,m)
Loss Severity Approximation for current period: sum(Realized Los
>s Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth mont
>h and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and in
>clude realized gains and additional realized losses and gains from prior period
>s.
Dates correspond to distribution dates.
Page 34 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Realized Loss Detail Report for December 26, 2002 Distribution
Realized Loss Detail Report - Loans Liquidated During Current
>Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 2
> Loan Group 1 = Group I Group
Total Original Principal Balance = 372,500.00
> Loan Group 2 = Group II Group
Total Prior Principal Balance = 370,383.44
Total Realized Loss Amount = 65,752.70
Total Net Liquidation Proceeds = 304,630.74
Loan Number Original Prior
> Current State &
& Loan Principal Principal Real
>ized Note LTV at Original Origination
Loan Group Status Balance Balance Loss
>/(Gain) Rate Origination Term Date
44327492 1 279000 277332.16
> 36507.59 0.092CO - 90.00% 360 37237
44396117 1 93500 93051.28
> 29245.11 0.088OH - 85.00% 360 37295
Page
> 35 of 37 COPYRIGHT 2002 Deutsc
>he Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for December
>26, 2002 Distribution
Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS
> GROUP II GROUP I TOTAL
Trigger Event in effect
> No No
Stepdown Date has occurred
> No No
Balances 60+ days
> 13,956,932.09 53,965,423.95 67,922,356.04
Beginning Balance
> 530,002,977.94 927,579,315.83 1,457,582,293.77
Delinquency Percentage
> 2.63% 5.82%
Balance of Mezzanine and C Class
> 89,999,900.00 114,999,900.00 204,999,800.00
Beginning Balance
> 530,002,977.94 927,579,315.83 1,457,582,293.77
Credit Enhancement Percentage
> 16.98% 12.40%
Cumulative Loss Percentage
> 0.000000% 0.006575%
ADJUSTABLE RATE CERTIFICATE INFORMATION
> GROUP II GROUP I TOTAL
NET WAC RATE CARRYOVER AMT CLASS I-A
> 0.00
NET WAC RATE CARRYOVER AMT CLASS II-A1
> 0.00
NET WAC RATE CARRYOVER AMT CLASS II-A2
> 0.00
NET WAC RATE CARRYOVER AMT CLASS II-A3
> 0.00
NET WAC RATE CARRYOVER AMT CLASS II-A4
> 0.00
NET WAC RATE CARRYOVER AMT CLASS II-M1
> 0.00
NET WAC RATE CARRYOVER AMT CLASS M2
> 0.00
ADDITIONAL INFORMATION
> GROUP II GROUP I TOTAL
Current Loan Level losses in Current Period
> 65,752.70
Current Total Losses
> 65,752.70
Libor for Current Period
> 1.380000%
Page 36 of 37
> COPYRIGHT 2002 Deutsche Bank
Long Beach Mortgage Loan Trust 2002-1
Asset Backed Certificates
Additional Certificate Report for December 26, 2002 Distribution
>
Additional Certificate Report
CLASS Ending Balance Principal Paid Inte
>rest Paid CEnding Balance Principal Paid Interest Paid Component I
M2 27,000,000.00 0.00 64,0
>53.75 46,000,000.00 0.00 109,128.61
M3 21,000,000.00 0.00 70,1
>63.33 49,000,000.00 0.00 163,714.44
Page 37 of 37
> COPYRIGHT 2002 Deutsche Bank