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): May 25, 2002
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-3)
(Exact name of registrant as specified in charter)
North Carolina 333-80941 13-4147977/78
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon St., Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 704-388-5770
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
BOA
Mortgage Pass-Through Certificates
Series 2002-3
On May 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through
Certificates Series 2002-3, made a monthly distribution to Certificate holders
of principal and/or interest pursuant to the Pooling and Servicing Agreement,
dated as of March 1, 2002, among BOA as Depositor, Bank of America Mortgage
Securities, Inc., Seller and Master Servicer and The Bank of New York, as
Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BOA, Mortgage Pass-Through Certificates
Series 2002-3 relating to the distribution date of May 25,
2002 prepared by The Bank of New York, as Trustee under the
Pooling and Servicing Agreement dated as of March 1, 2002.
SIGNATURES
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 thereunto duly authorized.
Dated: May 25, 2002
BOA
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated May 25, 2002
Payment Date: 05/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior 1-A-1 15,431,999.27 2.350000% 190,080.26 30,221.00 220,301.26 0.00 0.00
1-A-2 3,653,000.00 6.500000% 0.00 19,787.08 19,787.08 0.00 0.00
1-A-3 3,103,000.00 6.500000% 0.00 16,807.92 16,807.92 0.00 0.00
1-A-4 3,210,000.00 6.500000% 0.00 17,387.50 17,387.50 0.00 0.00
1-A-5 2,868,000.00 6.500000% 0.00 15,535.00 15,535.00 0.00 0.00
1-A-6 123,456,000.13 6.250000% 1,520,642.18 643,000.00 2,163,642.18 0.00 0.00
1-A-7 15,431,999.27 6.150000% 0.00 79,089.00 79,089.00 0.00 0.00
1-A-8 49,879,104.50 6.500000% 444,770.70 270,178.48 714,949.18 0.00 0.00
1-A-9 13,260,000.00 6.500000% 0.00 71,825.00 71,825.00 0.00 0.00
1-A-10 24,800,000.00 6.500000% 0.00 134,333.33 134,333.33 0.00 0.00
1-A-11 155,000.00 6.500000% 0.00 839.58 839.58 0.00 0.00
Residual 1-A-R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
2-A-1 147,054,193.15 6.500000% 470,456.06 796,543.55 1,266,999.61 0.00 0.00
3-A-1 108,252,559.63 6.000000% 381,579.83 541,262.80 922,842.63 0.00 0.00
1-A-PO 1,544,060.78 0.000000% 1,764.25 0.00 1,764.25 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,100,417.98 6.500000% 2,598.71 16,793.93 19,392.64 0.00 0.00
1-B-2 1,488,760.17 6.500000% 1,247.85 8,064.12 9,311.97 0.00 0.00
1-B-3 868,276.90 6.500000% 727.77 4,703.17 5,430.94 0.00 0.00
1-B-4 495,587.28 6.500000% 415.39 2,684.43 3,099.82 0.00 0.00
1-B-5 372,689.63 6.500000% 312.38 2,018.74 2,331.12 0.00 0.00
1-B-6 496,262.00 6.500000% 415.96 2,688.09 3,104.04 0.00 0.00
2-B-1 1,441,786.88 6.500000% 1,220.62 7,809.68 9,030.30 0.00 0.00
2-B-2 1,212,979.40 6.500000% 1,026.91 6,570.31 7,597.22 0.00 0.00
2-B-3 683,424.97 6.500000% 578.59 3,701.89 4,280.47 0.00 0.00
2-B-4 302,745.27 6.500000% 256.30 1,639.87 1,896.17 0.00 0.00
2-B-5 227,808.32 6.500000% 192.86 1,233.96 1,426.82 0.00 0.00
2-B-6 304,185.54 6.500000% 257.52 1,647.67 1,905.20 0.00 0.00
3-B-1 768,464.12 6.000000% 2,550.96 3,842.32 6,393.28 0.00 0.00
3-B-2 274,095.50 6.000000% 909.88 1,370.48 2,280.35 0.00 0.00
3-B-3 165,454.01 6.000000% 549.23 827.27 1,376.50 0.00 0.00
3-B-4 109,638.20 6.000000% 363.95 548.19 912.14 0.00 0.00
3-B-5 109,638.20 6.000000% 363.95 548.19 912.14 0.00 0.00
3-B-6 110,249.22 6.000000% 365.98 551.25 917.23 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 509,199,381.07 - 3,023,648.10 2,704,053.78 5,727,701.88 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 15,241,919.01 0.00
1-A-2 3,653,000.00 0.00
1-A-3 3,103,000.00 0.00
1-A-4 3,210,000.00 0.00
1-A-5 2,868,000.00 0.00
1-A-6 121,935,357.96 0.00
1-A-7 15,241,919.01 0.00
1-A-8 49,434,333.81 0.00
1-A-9 13,260,000.00 0.00
1-A-10 24,800,000.00 0.00
1-A-11 155,000.00 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
2-A-1 146,583,737.10 0.00
3-A-1 107,870,979.81 0.00
1-A-PO 1,542,296.53 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 3,097,819.27 0.00
1-B-2 1,487,512.32 0.00
1-B-3 867,549.13 0.00
1-B-4 495,171.89 0.00
1-B-5 372,377.24 0.00
1-B-6 495,846.05 0.00
2-B-1 1,440,566.26 0.00
2-B-2 1,211,952.49 0.00
2-B-3 682,846.38 0.00
2-B-4 302,488.97 0.00
2-B-5 227,615.46 0.00
2-B-6 303,928.02 0.00
3-B-1 765,913.15 0.00
3-B-2 273,185.62 0.00
3-B-3 164,904.78 0.00
3-B-4 109,274.25 0.00
3-B-5 109,274.25 0.00
3-B-6 109,883.25 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 506,175,732.97 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Senior 1-A-1 15,431,999.27 2.350000% 06050HEE4 12.276179 1.951799 984.386967
1-A-2 3,653,000.00 6.500000% 06050HEF1 0.000000 5.416667 1,000.000000
1-A-3 3,103,000.00 6.500000% 06050HEG9 0.000000 5.416667 1,000.000000
1-A-4 3,210,000.00 6.500000% 06050HEH7 0.000000 5.416667 1,000.000000
1-A-5 2,868,000.00 6.500000% 06050HEJ3 0.000000 5.416667 1,000.000000
1-A-6 123,456,000.13 6.250000% 06050HEK0 12.276179 5.190954 984.386967
1-A-7 15,431,999.27 6.150000% 06050HEL8 0.000000 5.107899 984.386967
1-A-8 49,879,104.50 6.500000% 06050HEM6 8.895414 5.403570 988.686676
1-A-9 13,260,000.00 6.500000% 06050HEN4 0.000000 5.416667 1,000.000000
1-A-10 24,800,000.00 6.500000% 06050HEP9 0.000000 5.416667 1,000.000000
1-A-11 155,000.00 6.500000% 06050HFS2 0.000000 5.416667 1,000.000000
Residual 1-A-R 0.00 6.500000% 06050HEQ7 0.000000 0.025719 0.000000
1-A-LR 0.00 6.500000% 06050HER5 0.000000 0.000000 0.000000
2-A-1 147,054,193.15 6.500000% 06050HES3 3.196272 5.411706 995.887852
3-A-1 108,252,559.63 6.000000% 06050HET1 3.512753 4.982765 993.040218
1-A-PO 1,544,060.78 0.000000% 06050HEU8 1.141429 0.000000 997.829916
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,100,417.98 6.500000% 06050HEV6 0.837482 5.412159 998.330414
1-B-2 1,488,760.17 6.500000% 06050HEW4 0.837482 5.412159 998.330414
1-B-3 868,276.90 6.500000% 06050HEX2 0.837482 5.412159 998.330414
1-B-4 495,587.28 6.500000% 06050HFH6 0.837482 5.412159 998.330414
1-B-5 372,689.63 6.500000% 06050HFJ2 0.837482 5.412159 998.330414
1-B-6 496,262.00 6.500000% 06050HFK9 0.837482 5.412159 998.330414
2-B-1 1,441,786.88 6.500000% 06050HEY0 0.845890 5.412113 998.313420
2-B-2 1,212,979.40 6.500000% 06050HEZ7 0.845890 5.412113 998.313420
2-B-3 683,424.97 6.500000% 06050HFA1 0.845890 5.412113 998.313420
2-B-4 302,745.27 6.500000% 06050HFL7 0.845890 5.412113 998.313420
2-B-5 227,808.32 6.500000% 06050HFM5 0.845890 5.412113 998.313420
2-B-6 304,185.54 6.500000% 06050HFN3 0.845890 5.412113 998.313420
3-B-1 768,464.12 6.000000% 06050HFB9 3.308642 4.983555 993.402272
3-B-2 274,095.50 6.000000% 06050HFC7 3.308642 4.983555 993.402272
3-B-3 165,454.01 6.000000% 06050HFD5 3.308642 4.983555 993.402272
3-B-4 109,638.20 6.000000% 06050HFP8 3.308642 4.983555 993.402272
3-B-5 109,638.20 6.000000% 06050HFQ6 3.308642 4.983555 993.402272
3-B-6 110,249.22 6.000000% 06050HFR4 3.308642 4.983555 993.402272
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 509,199,381.07 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 245,518,528.71 151,239,053.61 109,418,150.65 506,175,732.97
Loan count 509 332 219 1060
Avg loan rate 6.994350% 6.973097% 6.704738% 6.93
Prepay amount 1,954,714.78 346,018.42 22,228.88 2,322,962.08
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 104,221.94 61,246.56 64,285.86 229,754.36
Sub servicer fees 0.00 0.00 0.00 0.00
Trustee fees 619.20 379.28 274.51 1,273.00
Agg advances N/A N/A N/A N/A
Adv this period 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 0.00 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 97.541540% 100.000000% 496,666,917.47
-----------------------------------------------------------------------------
Junior 2.458460% 0.000000% 12,518,108.77
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 12 5,297,285.98
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 12 5,297,285.98
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 5,727,701.88 5,727,701.88
Principal remittance amount 3,023,648.10 3,023,648.10
Interest remittance amount 2,704,053.78 2,704,053.78