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 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 December 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 December
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: December 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 December 25, 2002
Payment Date: 12/25/02
------------------------------------------------------------
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 79,334,601.34 6.000000% 1,574,766.02 396,673.01 1,971,439.02 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 5,733,000.00 6.000000% 114,000.00 28,665.00 142,665.00 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 30,317,509.63 2.030000% 241,146.72 51,287.12 292,433.84 0.00 0.00
1-A-18 30,317,509.63 6.470000% 0.00 163,461.91 163,461.91 0.00 0.00
1-A-19 14,744,091.00 5.750000% 126,874.38 70,648.77 197,523.15 0.00 0.00
1-A-20 4,531,129.11 4.750000% 433,742.84 17,935.72 451,678.56 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 12,129,232.70 5.750000% 110,939.19 58,119.24 169,058.43 0.00 0.00
1-A-23 540,037.07 5.750000% 4,939.41 2,587.68 7,527.09 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 53,012,319.91 3.000000% 317,039.81 132,530.80 449,570.61 0.00 0.00
1-A-28 39,879,406.79 2.750000% 143,905.59 91,390.31 235,295.89 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 58,257,594.80 6.000000% 0.00 291,287.97 291,287.97 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 3.95 3.95 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 466,804,753.78 0.322292% 0.00 125,373.00 125,373.00 0.00 0.00
2-A-1 81,462,022.03 5.000000% 1,674,250.49 339,425.09 2,013,675.58 0.00 0.00
2-A-2 30,712,208.95 5.500000% 1,019,204.16 140,764.29 1,159,968.45 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 13,815,316.67 1.880000% 283,939.68 21,644.00 305,583.68 0.00 0.00
2-A-6 13,815,316.67 6.620000% 0.00 76,214.50 76,214.50 0.00 0.00
2-A-7 1,429,879.95 5.000000% 29,387.65 5,957.83 35,345.48 0.00 0.00
2-A-WIO 146,914,654.13 0.396716% 0.00 48,569.50 48,569.50 0.00 0.00
1-A-PO 288,100.80 0.000000% 340.53 0.00 340.53 0.00 0.00
1-SES 0.00 0.000000% 0.00 102,649.60 102,649.60 0.00 4,426.37
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,250,272.82 6.000000% 5,754.70 31,251.36 37,006.06 0.00 0.00
1-B-2 3,000,250.84 6.000000% 2,762.36 15,001.25 17,763.62 0.00 0.00
1-B-3 1,499,625.88 6.000000% 1,380.72 7,498.13 8,878.85 0.00 0.00
1-B-4 1,000,083.61 6.000000% 920.79 5,000.42 5,921.21 0.00 0.00
1-B-5 750,312.48 6.000000% 690.82 3,751.56 4,442.38 0.00 0.00
1-B-6 750,296.91 6.000000% 690.81 3,751.48 4,442.29 0.00 0.00
2-B-1 1,048,263.41 5.500000% 3,761.24 4,804.54 8,565.78 0.00 0.00
2-B-2 299,930.88 5.500000% 1,076.17 1,374.68 2,450.86 0.00 0.00
2-B-3 224,200.82 5.500000% 804.45 1,027.59 1,832.04 0.00 0.00
2-B-4 74,733.61 5.500000% 268.15 342.53 610.68 0.00 0.00
2-B-5 74,733.61 5.500000% 268.15 342.53 610.68 0.00 0.00
2-B-6 150,403.12 5.500000% 539.63 689.35 1,228.98 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 642,455,054.95 - 6,093,394.46 3,425,693.44 9,519,087.90 - 4,426.37
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 77,759,835.32 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 5,619,000.00 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 30,076,362.91 0.00
1-A-18 30,076,362.91 0.00
1-A-19 14,617,216.62 0.00
1-A-20 4,097,386.27 0.00
1-A-21 50,000,000.00 0.00
1-A-22 12,018,293.52 0.00
1-A-23 535,097.66 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 52,695,280.10 0.00
1-A-28 39,735,501.20 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 58,021,126.03 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 463,757,632.14 0.00
2-A-1 79,787,771.54 0.00
2-A-2 29,693,004.79 0.00
2-A-3 15,000,000.00 0.00
2-A-4 3,878,000.00 0.00
2-A-5 13,531,376.99 0.00
2-A-6 13,531,376.99 0.00
2-A-7 1,400,492.30 0.00
2-A-WIO 143,906,389.41 0.00
1-A-PO 287,760.27 0.00
1-SES 0.00 4,426.37
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,244,518.12 0.00
1-B-2 2,997,488.48 0.00
1-B-3 1,498,245.16 0.00
1-B-4 999,162.83 0.00
1-B-5 749,621.66 0.00
1-B-6 749,606.10 0.00
2-B-1 1,044,502.16 0.00
2-B-2 298,854.71 0.00
2-B-3 223,396.38 0.00
2-B-4 74,465.46 0.00
2-B-5 74,465.46 0.00
2-B-6 149,863.49 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 636,361,660.49 4,426.37
- --------------------------------------------------------------------------------
Payment Date: 12/25/02
------------------------------------------------------------
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 79,334,601.34 6.000000% 06050HYJ1 18.968971 4.778157 936.662354
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 5,733,000.00 6.000000% 06050HYN2 19.000000 4.777500 936.500000
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 30,317,509.63 2.030000% 06050HZA9 7.828445 1.664955 976.381371
1-A-18 30,317,509.63 6.470000% 06050HZB7 0.000000 5.306531 976.381371
1-A-19 14,744,091.00 5.750000% 06050HZC5 8.458292 4.709918 974.481108
1-A-20 4,531,129.11 4.750000% 06050HZD3 80.233600 3.317743 757.933087
1-A-21 50,000,000.00 4.750000% 06050HZE1 0.000000 3.958333 1,000.000000
1-A-22 12,129,232.70 5.750000% 06050HZF8 8.980748 4.704868 972.904842
1-A-23 540,037.07 5.750000% 06050HZG6 8.980748 4.704868 972.904842
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 53,012,319.91 3.000000% 06050HZL5 5.950670 2.487533 989.062654
1-A-28 39,879,406.79 2.750000% 06050HZM3 3.597640 2.284758 993.387530
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 58,257,594.80 6.000000% 06050HZU5 0.000000 4.983050 992.564802
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 79.049027 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO466,804,753.78 0.322292% 06050HZX9 0.000000 0.265314 981.401699
2-A-1 81,462,022.03 5.000000% 06050HZY7 20.267343 4.108850 965.856761
2-A-2 30,712,208.95 5.500000% 06050HZZ4 32.448397 4.481512 945.336033
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 13,815,316.67 1.880000% 06050HA40 20.267343 1.544928 965.856761
2-A-6 13,815,316.67 6.620000% 06050HA57 0.000000 5.440118 965.856761
2-A-7 1,429,879.95 5.000000% 06050HA65 20.267343 4.108850 965.856761
2-A-WIO146,914,654.13 0.396716% 06050HA73 0.000000 0.326023 965.973681
1-A-PO 288,100.80 0.000000% 06050HA81 1.179797 0.000000 996.967656
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,250,272.82 6.000000% 06050HA99 0.919868 4.995423 998.164662
1-B-2 3,000,250.84 6.000000% 06050HB23 0.919868 4.995423 998.164662
1-B-3 1,499,625.88 6.000000% 06050HB31 0.919868 4.995423 998.164662
1-B-4 1,000,083.61 6.000000% 06050HB72 0.919868 4.995423 998.164662
1-B-5 750,312.48 6.000000% 06050HB80 0.919868 4.995423 998.164662
1-B-6 750,296.91 6.000000% 06050HB98 0.919868 4.995423 998.164662
2-B-1 1,048,263.41 5.500000% 06050HB49 3.575325 4.567054 992.872780
2-B-2 299,930.88 5.500000% 06050HB56 3.575325 4.567054 992.872780
2-B-3 224,200.82 5.500000% 06050HB64 3.575325 4.567054 992.872780
2-B-4 74,733.61 5.500000% 06050HC22 3.575325 4.567054 992.872780
2-B-5 74,733.61 5.500000% 06050HC30 3.575325 4.567054 992.872780
2-B-6 150,403.12 5.500000% 06050HC48 3.575176 4.567056 992.873341
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 642,455,054.95 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
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 491,205,759.26 145,156,875.27 636,362,634.53
Loan count 1037 286 1323
Avg loan rate 6.553885% 6.146328% 6.46
Prepay amount 2,624,589.01 2,481,857.04 5,106,446.05
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 98,861.94 20,268.69 119,130.63
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,235.71 370.43 1,606.14
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 97.648920% 100.000000% 627,331,946.96
-----------------------------------------------------------------------------
Junior 2.351080% 0.000000% 15,104,190.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 45 21,533,794.43
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 45 21,533,794.43
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 9,519,087.90 9,519,087.90
Principal remittance amount 6,093,394.46 6,093,394.46
Interest remittance amount 3,425,693.44 3,425,693.44