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): November 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon St., Charlotte, NC, , N/A 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 2002-10
On November 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-10, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of October 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 2002-10 relating to the distribution date of November
25, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of October 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: November 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 November 25, 2002
Payment Date: 11/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10
Bank of America, N.A., 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 83,018,000.00 6.000000% 3,683,398.66 415,090.00 4,098,488.66 0.00 0.00
1-A-2 6,842,000.00 6.000000% 0.00 34,210.00 34,210.00 0.00 0.00
1-A-3 5,537,000.00 6.000000% 0.00 27,685.00 27,685.00 0.00 0.00
1-A-4 15,974,000.00 6.000000% 0.00 79,870.00 79,870.00 0.00 0.00
1-A-5 6,000,000.00 6.000000% 267,000.00 30,000.00 297,000.00 0.00 0.00
1-A-6 1,121,916.67 6.000000% 0.00 5,609.58 5,609.58 0.00 0.00
1-A-7 4,218,000.00 5.500000% 0.00 19,332.50 19,332.50 0.00 0.00
1-A-8 2,862,000.00 5.500000% 0.00 13,117.50 13,117.50 0.00 0.00
1-A-9 3,013,000.00 5.500000% 0.00 13,809.58 13,809.58 0.00 0.00
1-A-10 1,657,000.00 5.500000% 0.00 7,594.58 7,594.58 0.00 0.00
1-A-11 755,000.00 5.500000% 0.00 3,460.42 3,460.42 0.00 0.00
1-A-12 958,000.00 5.500000% 0.00 4,390.83 4,390.83 0.00 0.00
1-A-13 2,000,000.00 6.000000% 0.00 10,000.00 10,000.00 0.00 0.00
1-A-14 4,000,000.00 6.000000% 0.00 20,000.00 20,000.00 0.00 0.00
1-A-15 6,000,000.00 6.000000% 0.00 30,000.00 30,000.00 0.00 0.00
1-A-16 6,000,000.00 6.000000% 0.00 30,000.00 30,000.00 0.00 0.00
1-A-17 30,803,909.00 2.465000% 486,399.37 63,276.36 549,675.73 0.00 0.00
1-A-18 30,803,909.00 6.035000% 0.00 154,917.99 154,917.99 0.00 0.00
1-A-19 15,000,000.00 5.750000% 255,909.00 71,875.00 327,784.00 0.00 0.00
1-A-20 5,406,000.00 4.750000% 874,870.89 21,398.75 896,269.64 0.00 0.00
1-A-21 50,000,000.00 4.750000% 0.00 197,916.67 197,916.67 0.00 0.00
1-A-22 12,353,000.00 5.750000% 223,767.30 59,191.46 282,958.76 0.00 0.00
1-A-23 550,000.00 5.750000% 9,962.93 2,635.42 12,598.34 0.00 0.00
1-A-24 797,000.00 5.750000% 0.00 3,818.96 3,818.96 0.00 0.00
1-A-25 2,309,091.00 5.750000% 0.00 11,064.39 11,064.39 0.00 0.00
1-A-26 15,000,000.00 6.000000% 0.00 75,000.00 75,000.00 0.00 0.00
1-A-27 53,278,000.00 3.000000% 265,680.09 133,195.00 398,875.09 0.00 0.00
1-A-28 40,000,000.00 2.750000% 120,593.21 91,666.67 212,259.88 0.00 0.00
1-A-29 8,636,000.00 4.500000% 0.00 32,385.00 32,385.00 0.00 0.00
1-A-30 1,543,074.00 4.750000% 0.00 6,108.00 6,108.00 0.00 0.00
1-A-31 11,356,926.00 5.250000% 0.00 49,686.55 49,686.55 0.00 0.00
1-A-32 75,000,000.00 5.500000% 0.00 343,750.00 343,750.00 0.00 0.00
1-A-33 15,817,000.00 6.000000% 0.00 79,085.00 79,085.00 0.00 0.00
1-A-34 250,000.00 6.000000% 0.00 1,250.00 1,250.00 0.00 0.00
1-A-35 58,455,756.17 6.000000% 0.00 292,278.78 292,278.78 0.00 0.00
Residual 1-A-R 50.00 6.000000% 50.00 0.43 50.43 0.00 0.00
1-A-LR 50.00 6.000000% 50.00 0.25 50.25 0.00 0.00
1-A-WIO 472,546,188.15 0.322792% 0.00 127,111.73 127,111.73 0.00 0.00
2-A-1 82,608,286.00 5.000000% 1,146,263.97 344,201.19 1,490,465.16 0.00 0.00
2-A-2 31,410,000.00 5.500000% 697,791.05 143,962.50 841,753.55 0.00 0.00
2-A-3 15,000,000.00 5.500000% 0.00 68,750.00 68,750.00 0.00 0.00
2-A-4 3,878,000.00 5.500000% 0.00 17,774.17 17,774.17 0.00 0.00
2-A-5 14,009,714.00 2.315000% 194,397.33 27,027.07 221,424.40 0.00 0.00
2-A-6 14,009,714.00 6.185000% 0.00 72,208.40 72,208.40 0.00 0.00
2-A-7 1,450,000.00 5.000000% 20,120.05 6,041.67 26,161.72 0.00 0.00
2-A-WIO 148,975,476.53 0.397093% 0.00 49,297.55 49,297.55 0.00 0.00
1-A-PO 288,635.51 0.000000% 534.71 0.00 534.71 0.00 0.00
1-SES 0.00 0.000000% 0.00 108,453.44 108,453.44 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,256,000.00 6.000000% 5,727.18 31,280.00 37,007.18 0.00 0.00
1-B-2 3,003,000.00 6.000000% 2,749.16 15,015.00 17,764.16 0.00 0.00
1-B-3 1,501,000.00 6.000000% 1,374.12 7,505.00 8,879.12 0.00 0.00
1-B-4 1,001,000.00 6.000000% 916.39 5,005.00 5,921.39 0.00 0.00
1-B-5 751,000.00 6.000000% 687.52 3,755.00 4,442.52 0.00 0.00
1-B-6 750,984.41 6.000000% 687.50 3,754.92 4,442.43 0.00 0.00
2-B-1 1,052,000.00 5.500000% 3,736.59 4,821.67 8,558.26 0.00 0.00
2-B-2 301,000.00 5.500000% 1,069.12 1,379.58 2,448.70 0.00 0.00
2-B-3 225,000.00 5.500000% 799.18 1,031.25 1,830.43 0.00 0.00
2-B-4 75,000.00 5.500000% 266.39 343.75 610.14 0.00 0.00
2-B-5 75,000.00 5.500000% 266.39 343.75 610.14 0.00 0.00
2-B-6 150,939.18 5.500000% 536.06 691.80 1,227.86 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 650,720,659.10 - 8,265,604.15 3,474,425.13 11,740,029.28 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 79,334,601.34 0.00
1-A-2 6,842,000.00 0.00
1-A-3 5,537,000.00 0.00
1-A-4 15,974,000.00 0.00
1-A-5 5,733,000.00 0.00
1-A-6 1,121,916.67 0.00
1-A-7 4,218,000.00 0.00
1-A-8 2,862,000.00 0.00
1-A-9 3,013,000.00 0.00
1-A-10 1,657,000.00 0.00
1-A-11 755,000.00 0.00
1-A-12 958,000.00 0.00
1-A-13 2,000,000.00 0.00
1-A-14 4,000,000.00 0.00
1-A-15 6,000,000.00 0.00
1-A-16 6,000,000.00 0.00
1-A-17 30,317,509.63 0.00
1-A-18 30,317,509.63 0.00
1-A-19 14,744,091.00 0.00
1-A-20 4,531,129.11 0.00
1-A-21 50,000,000.00 0.00
1-A-22 12,129,232.70 0.00
1-A-23 540,037.07 0.00
1-A-24 797,000.00 0.00
1-A-25 2,309,091.00 0.00
1-A-26 15,000,000.00 0.00
1-A-27 53,012,319.91 0.00
1-A-28 39,879,406.79 0.00
1-A-29 8,636,000.00 0.00
1-A-30 1,543,074.00 0.00
1-A-31 11,356,926.00 0.00
1-A-32 75,000,000.00 0.00
1-A-33 15,817,000.00 0.00
1-A-34 250,000.00 0.00
1-A-35 58,257,594.80 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 466,804,753.78 0.00
2-A-1 81,462,022.03 0.00
2-A-2 30,712,208.95 0.00
2-A-3 15,000,000.00 0.00
2-A-4 3,878,000.00 0.00
2-A-5 13,815,316.67 0.00
2-A-6 13,815,316.67 0.00
2-A-7 1,429,879.95 0.00
2-A-WIO 146,914,654.13 0.00
1-A-PO 288,100.80 0.00
1-SES 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,250,272.82 0.00
1-B-2 3,000,250.84 0.00
1-B-3 1,499,625.88 0.00
1-B-4 1,000,083.61 0.00
1-B-5 750,312.48 0.00
1-B-6 750,296.91 0.00
2-B-1 1,048,263.41 0.00
2-B-2 299,930.88 0.00
2-B-3 224,200.82 0.00
2-B-4 74,733.61 0.00
2-B-5 74,733.61 0.00
2-B-6 150,403.12 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 642,455,054.95 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10
Bank of America, N.A., 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 83,018,000.00 6.000000% 06050HYJ1 44.368675 5.000000 955.631325
1-A-2 6,842,000.00 6.000000% 06050HYK8 0.000000 5.000000 1,000.000000
1-A-3 5,537,000.00 6.000000% 06050HYL6 0.000000 5.000000 1,000.000000
1-A-4 15,974,000.00 6.000000% 06050HYM4 0.000000 5.000000 1,000.000000
1-A-5 6,000,000.00 6.000000% 06050HYN2 44.500000 5.000000 955.500000
1-A-6 1,121,916.67 6.000000% 06050HYP7 0.000000 5.000000 1,000.000000
1-A-7 4,218,000.00 5.500000% 06050HYQ5 0.000000 4.583333 1,000.000000
1-A-8 2,862,000.00 5.500000% 06050HYR3 0.000000 4.583333 1,000.000000
1-A-9 3,013,000.00 5.500000% 06050HYS1 0.000000 4.583333 1,000.000000
1-A-10 1,657,000.00 5.500000% 06050HYT9 0.000000 4.583333 1,000.000000
1-A-11 755,000.00 5.500000% 06050HYU6 0.000000 4.583333 1,000.000000
1-A-12 958,000.00 5.500000% 06050HYV4 0.000000 4.583333 1,000.000000
1-A-13 2,000,000.00 6.000000% 06050HYW2 0.000000 5.000000 1,000.000000
1-A-14 4,000,000.00 6.000000% 06050HYX0 0.000000 5.000000 1,000.000000
1-A-15 6,000,000.00 6.000000% 06050HYY8 0.000000 5.000000 1,000.000000
1-A-16 6,000,000.00 6.000000% 06050HYZ5 0.000000 5.000000 1,000.000000
1-A-17 30,803,909.00 2.465000% 06050HZA9 15.790183 2.054167 984.209817
1-A-18 30,803,909.00 6.035000% 06050HZB7 0.000000 5.029167 984.209817
1-A-19 15,000,000.00 5.750000% 06050HZC5 17.060600 4.791667 982.939400
1-A-20 5,406,000.00 4.750000% 06050HZD3 161.833313 3.958333 838.166687
1-A-21 50,000,000.00 4.750000% 06050HZE1 0.000000 3.958333 1,000.000000
1-A-22 12,353,000.00 5.750000% 06050HZF8 18.114409 4.791667 981.885591
1-A-23 550,000.00 5.750000% 06050HZG6 18.114409 4.791667 981.885591
1-A-24 797,000.00 5.750000% 06050HZH4 0.000000 4.791667 1,000.000000
1-A-25 2,309,091.00 5.750000% 06050HZJ0 0.000000 4.791667 1,000.000000
1-A-26 15,000,000.00 6.000000% 06050HZK7 0.000000 5.000000 1,000.000000
1-A-27 53,278,000.00 3.000000% 06050HZL5 4.986675 2.500000 995.013325
1-A-28 40,000,000.00 2.750000% 06050HZM3 3.014830 2.291667 996.985170
1-A-29 8,636,000.00 4.500000% 06050HZN1 0.000000 3.750000 1,000.000000
1-A-30 1,543,074.00 4.750000% 06050HZP6 0.000000 3.958333 1,000.000000
1-A-31 11,356,926.00 5.250000% 06050HZQ4 0.000000 4.375000 1,000.000000
1-A-32 75,000,000.00 5.500000% 06050HZR2 0.000000 4.583333 1,000.000000
1-A-33 15,817,000.00 6.000000% 06050HZS0 0.000000 5.000000 1,000.000000
1-A-34 250,000.00 6.000000% 06050HZT8 0.000000 5.000000 1,000.000000
1-A-35 58,455,756.17 6.000000% 06050HZU5 0.000000 5.000000 996.610062
Residual 1-A-R 50.00 6.000000% 06050HZV3 1,000.000000 8.661904 0.000000
1-A-LR 50.00 6.000000% 06050HZW1 1,000.000000 5.000000 0.000000
1-A-WIO472,546,188.15 0.322792% 06050HZX9 0.000000 0.268993 987.850004
2-A-1 82,608,286.00 5.000000% 06050HZY7 13.875896 4.166667 986.124104
2-A-2 31,410,000.00 5.500000% 06050HZZ4 22.215570 4.583333 977.784430
2-A-3 15,000,000.00 5.500000% 06050HA24 0.000000 4.583333 1,000.000000
2-A-4 3,878,000.00 5.500000% 06050HA32 0.000000 4.583333 1,000.000000
2-A-5 14,009,714.00 2.315000% 06050HA40 13.875896 1.929167 986.124104
2-A-6 14,009,714.00 6.185000% 06050HA57 0.000000 5.154167 986.124104
2-A-7 1,450,000.00 5.000000% 06050HA65 13.875896 4.166667 986.124104
2-A-WIO148,975,476.53 0.397093% 06050HA73 0.000000 0.330911 986.166700
1-A-PO 288,635.51 0.000000% 06050HA81 1.852547 0.000000 998.147453
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,256,000.00 6.000000% 06050HA99 0.915470 5.000000 999.084530
1-B-2 3,003,000.00 6.000000% 06050HB23 0.915470 5.000000 999.084530
1-B-3 1,501,000.00 6.000000% 06050HB31 0.915470 5.000000 999.084530
1-B-4 1,001,000.00 6.000000% 06050HB72 0.915470 5.000000 999.084530
1-B-5 751,000.00 6.000000% 06050HB80 0.915470 5.000000 999.084530
1-B-6 750,984.41 6.000000% 06050HB98 0.915470 5.000000 999.084530
2-B-1 1,052,000.00 5.500000% 06050HB49 3.551894 4.583333 996.448106
2-B-2 301,000.00 5.500000% 06050HB56 3.551894 4.583333 996.448106
2-B-3 225,000.00 5.500000% 06050HB64 3.551894 4.583333 996.448106
2-B-4 75,000.00 5.500000% 06050HC22 3.551894 4.583333 996.448106
2-B-5 75,000.00 5.500000% 06050HC30 3.551894 4.583333 996.448106
2-B-6 150,939.18 5.500000% 06050HC48 3.551483 4.583333 996.448517
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 650,720,659.10 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 494,285,464.91 148,170,377.93 642,455,842.84
Loan count 1042 290 1332
Avg loan rate 6.554320% 6.146737% 6.46
Prepay amount 5,741,365.65 1,531,627.56 7,272,993.21
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 104,267.72 31,299.09 135,566.80
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,251.21 375.59 1,626.80
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 97.675877% 100.000000% 635,578,735.51
-----------------------------------------------------------------------------
Junior 2.324123% 0.000000% 15,123,107.99
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 11,740,029.28 11,740,029.28
Principal remittance amount 8,265,604.15 8,265,604.15
Interest remittance amount 3,474,425.13 3,474,425.13