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 20, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K)
(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-K
On November 20, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-K, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of September 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-K relating to the distribution date of November
20, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of September 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 20, 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 20, 2002
Payment Date: 11/20/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K
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 A1 501,517,984.54 6.462475% 72,030,317.05 2,700,872.84 74,731,189.89 0.00 0.00
A2 13,481,666.25 6.000000% 1,936,298.85 67,408.33 2,003,707.18 0.00 0.00
A3 38,647,443.25 3.500000% 5,550,723.36 112,721.71 5,663,445.07 0.00 0.00
A4 306,079,661.56 5.000000% 43,960,567.21 1,275,331.92 45,235,899.13 0.00 0.00
A5 67,408,331.26 4.500000% 9,681,494.23 252,781.24 9,934,275.47 0.00 0.00
A6 224,694,437.52 4.200000% 32,271,647.43 786,430.53 33,058,077.96 0.00 0.00
A7 741,491.64 4.500000% 106,496.44 2,780.59 109,277.03 0.00 0.00
AIO 651,053,031.48 1.859247% 0.00 1,008,723.92 1,008,723.92 0.00 0.00
Residual AR 0.00 6.462475% 0.00 0.31 0.31 0.00 0.00
AMR 0.00 6.462475% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.462475% 0.00 0.00 0.00 0.00 0.00
2A1 410,622,147.20 5.815354% 21,934,300.88 1,989,927.75 23,924,228.62 0.00 0.00
2A2 16,424,734.88 5.815354% 877,363.97 79,596.38 956,960.35 0.00 0.00
3A1 65,290,158.39 7.047622% 2,953,764.29 383,450.27 3,337,214.56 0.00 0.00
4A1 93,706,573.59 4.698000% 11,687,000.45 366,861.24 12,053,861.68 0.00 0.00
4IO 93,706,573.59 0.582615% 0.00 45,495.73 45,495.73 0.00 0.00
BIO 0.00 0.000000% 0.00 26,019.46 26,019.46 0.00 0.00
B1 18,366,680.39 4.571468% 22,529.43 69,968.91 92,498.34 0.00 0.00
B2 7,732,186.26 6.271468% 9,484.66 40,410.13 49,894.79 0.00 0.00
B3 3,866,093.13 6.271468% 4,742.33 20,205.07 24,947.40 0.00 0.00
B4 1,933,544.39 6.271468% 2,371.78 10,105.13 12,476.91 0.00 0.00
B5 1,932,548.74 6.271468% 2,370.55 10,099.93 12,470.49 0.00 0.00
B6 2,900,607.54 6.271468% 3,558.02 15,159.22 18,717.24 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 1,775,346,290.54 - 203,035,030.91 9,264,350.63 212,299,381.53 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 429,487,667.49 0.00
A2 11,545,367.41 0.00
A3 33,096,719.90 0.00
A4 262,119,094.35 0.00
A5 57,726,837.03 0.00
A6 192,422,790.09 0.00
A7 634,995.21 0.00
AIO 557,545,803.98 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 388,687,846.32 0.00
2A2 15,547,370.91 0.00
3A1 62,336,394.10 0.00
4A1 82,019,573.14 0.00
4IO 82,019,573.14 0.00
BIO 0.00 0.00
B1 18,344,150.97 0.00
B2 7,722,701.60 0.00
B3 3,861,350.80 0.00
B4 1,931,172.61 0.00
B5 1,930,178.19 0.00
B6 2,897,049.52 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 1,572,311,259.63 -
- --------------------------------------------------------------------------------
Payment Date: 11/20/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K
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 A1 501,517,984.54 6.462475% 06050HXK9 129.086590 4.840274 769.691160
A2 13,481,666.25 6.000000% 06050HXL7 129.086590 4.493889 769.691160
A3 38,647,443.25 3.500000% 06050HXM5 129.086590 2.621435 769.691160
A4 306,079,661.56 5.000000% 06050HXN3 129.086590 3.744907 769.691160
A5 67,408,331.26 4.500000% 06050HXP8 129.086590 3.370417 769.691160
A6 224,694,437.52 4.200000% 06050HXQ6 129.086590 3.145722 769.691160
A7 741,491.64 4.500000% 06050HXR4 129.086590 3.370417 769.691160
AIO 651,053,031.48 1.859247% 06050HXS2 0.000000 1.392542 769.691160
Residual AR 0.00 6.462475% 06050HXT0 0.000000 6.120978 0.000000
AMR 0.00 6.462475% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.462475% 06050HXV5 0.000000 0.000000 0.000000
2A1 410,622,147.20 5.815354% 06050HXW3 50.414524 4.573716 893.373034
2A2 16,424,734.88 5.815354% 06050HXX1 50.414524 4.573716 893.373034
3A1 65,290,158.39 7.047622% 06050HXY9 41.088419 5.333996 867.132124
4A1 93,706,573.59 4.698000% 06050HXZ6 119.380578 3.747421 837.814980
4IO 93,706,573.59 0.582615% 06050HYA0 0.000000 0.464731 837.814980
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
B1 18,366,680.39 4.571468% 06050HYC6 1.221306 3.792970 994.424620
B2 7,732,186.26 6.271468% 06050HYD4 1.221306 5.203468 994.424620
B3 3,866,093.13 6.271468% 06050HYE2 1.221306 5.203468 994.424620
B4 1,933,544.39 6.271468% 06050HYF9 1.221306 5.203468 994.424620
B5 1,932,548.74 6.271468% 06050HYG7 1.221306 5.203468 994.424620
B6 2,900,607.54 6.271468% 06050HYH5 1.221306 5.203468 994.424620
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 1,775,346,290.54 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 1,011,807,509.89 412,865,657.23 63,726,025.80
Loan count 2092 800 146
Avg loan rate 6.712475% 6.065354% 7.297622%
Prepay amount 164,052,186.39 22,355,106.55 2,874,455.67
Total
-----
Prin balance 83,912,066.72 1,572,311,259.63
Loan count 163 3201
Avg loan rate 5.655615% 6.52
Prepay amount 11,580,089.61 200,861,838.22
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 6,704.29 66,972.58 10,055.85
Sub servicer fees 0.00 0.00 0.00
Trustee fees 0.00 0.00 0.00
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 8,918.19 92,650.91
Sub servicer fees 0.00 0.00
Trustee fees 0.00 0.00
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts
- ----------------
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00
Total
-----
Bankruptcy 0.00 0.00
Fraud 0.00 0.00
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 1,775,346,290.54
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Junior 0.000000% 0.000000% 0.00
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 15 6,774,885.67
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 15 6,774,885.67
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 212,299,381.53 212,299,381.53
Principal remittance amount 203,035,030.91 203,035,030.91
Interest remittance amount 9,264,350.63 9,264,350.63