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): January 25, 2003
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 January 25, 2003, 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 January
25, 2003 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: January 25, 2003
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 January 25, 2003
Payment Date: 01/25/03
------------------------------------------------------------
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 77,759,835.32 6.000000% 2,124,898.37 388,799.18 2,513,697.55 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 5,619,000.00 6.000000% 153,000.00 28,095.00 181,095.00 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 30,076,362.91 2.070000% 315,689.96 51,881.73 367,571.68 0.00 0.00
1-A-18 30,076,362.91 6.430000% 0.00 161,159.18 161,159.18 0.00 0.00
1-A-19 14,617,216.62 5.750000% 166,093.77 70,040.83 236,134.60 0.00 0.00
1-A-20 4,097,386.27 4.750000% 567,821.37 16,218.82 584,040.19 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 12,018,293.52 5.750000% 145,232.69 57,587.66 202,820.35 0.00 0.00
1-A-23 535,097.66 5.750000% 6,466.28 2,564.01 9,030.29 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 52,695,280.10 3.000000% 368,328.35 131,738.20 500,066.55 0.00 0.00
1-A-28 39,735,501.20 2.750000% 167,185.65 91,060.52 258,246.17 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 58,021,126.03 6.000000% 0.00 290,105.63 290,105.63 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 4.98 4.98 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 463,757,632.14 0.321993% 0.00 124,438.86 124,438.86 0.00 0.00
2-A-1 79,787,771.54 5.000000% 2,930,528.60 332,449.05 3,262,977.64 0.00 0.00
2-A-2 29,693,004.79 5.500000% 1,783,966.59 136,092.94 1,920,059.53 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 13,531,376.99 1.920000% 496,994.54 21,650.20 518,644.75 0.00 0.00
2-A-6 13,531,376.99 6.580000% 0.00 74,197.05 74,197.05 0.00 0.00
2-A-7 1,400,492.30 5.000000% 51,438.74 5,835.38 57,274.13 0.00 0.00
2-A-WIO 143,906,389.41 0.395947% 0.00 47,482.70 47,482.70 0.00 0.00
1-A-PO 287,760.27 0.000000% 352.54 0.00 352.54 0.00 0.00
1-SES 0.00 0.000000% 0.00 102,148.26 102,148.26 0.00 3,912.18
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,244,518.12 6.000000% 5,792.27 31,222.59 37,014.86 0.00 0.00
1-B-2 2,997,488.48 6.000000% 2,780.40 14,987.44 17,767.84 0.00 0.00
1-B-3 1,498,245.16 6.000000% 1,389.74 7,491.23 8,880.96 0.00 0.00
1-B-4 999,162.83 6.000000% 926.80 4,995.81 5,922.61 0.00 0.00
1-B-5 749,621.66 6.000000% 695.33 3,748.11 4,443.44 0.00 0.00
1-B-6 749,606.10 6.000000% 695.32 3,748.03 4,443.35 0.00 0.00
2-B-1 1,044,502.16 5.500000% 3,805.07 4,787.30 8,592.37 0.00 0.00
2-B-2 298,854.71 5.500000% 1,088.71 1,369.75 2,458.46 0.00 0.00
2-B-3 223,396.38 5.500000% 813.82 1,023.90 1,837.72 0.00 0.00
2-B-4 74,465.46 5.500000% 271.27 341.30 612.57 0.00 0.00
2-B-5 74,465.46 5.500000% 271.27 341.30 612.57 0.00 0.00
2-B-6 149,863.49 5.500000% 545.94 686.87 1,232.82 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 636,361,660.49 - 9,297,073.41 3,393,962.55 12,691,035.96 - 3,912.18
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 75,634,936.95 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 5,466,000.00 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 29,760,672.96 0.00
1-A-18 29,760,672.96 0.00
1-A-19 14,451,122.85 0.00
1-A-20 3,529,564.90 0.00
1-A-21 50,000,000.00 0.00
1-A-22 11,873,060.82 0.00
1-A-23 528,631.38 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 52,326,951.75 0.00
1-A-28 39,568,315.55 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 57,746,402.96 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 459,761,685.80 0.00
2-A-1 76,857,242.95 0.00
2-A-2 27,909,038.21 0.00
2-A-3 15,000,000.00 0.00
2-A-4 3,878,000.00 0.00
2-A-5 13,034,382.44 0.00
2-A-6 13,034,382.44 0.00
2-A-7 1,349,053.56 0.00
2-A-WIO 138,642,346.82 0.00
1-A-PO 287,407.73 0.00
1-SES 0.00 3,912.18
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,238,725.85 0.00
1-B-2 2,994,708.08 0.00
1-B-3 1,496,855.42 0.00
1-B-4 998,236.03 0.00
1-B-5 748,926.33 0.00
1-B-6 748,910.78 0.00
2-B-1 1,040,697.10 0.00
2-B-2 297,766.00 0.00
2-B-3 222,582.55 0.00
2-B-4 74,194.18 0.00
2-B-5 74,194.18 0.00
2-B-6 149,317.54 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 627,064,587.08 3,912.18
- --------------------------------------------------------------------------------
Payment Date: 01/25/03
------------------------------------------------------------
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 77,759,835.32 6.000000% 06050HYJ1 25.595634 4.683312 911.066720
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 5,619,000.00 6.000000% 06050HYN2 25.500000 4.682500 911.000000
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 30,076,362.91 2.070000% 06050HZA9 10.248373 1.684258 966.132998
1-A-18 30,076,362.91 6.430000% 06050HZB7 0.000000 5.231777 966.132998
1-A-19 14,617,216.62 5.750000% 06050HZC5 11.072918 4.669389 963.408190
1-A-20 4,097,386.27 4.750000% 06050HZD3 105.035400 3.000152 652.897687
1-A-21 50,000,000.00 4.750000% 06050HZE1 0.000000 3.958333 1,000.000000
1-A-22 12,018,293.52 5.750000% 06050HZF8 11.756876 4.661836 961.147966
1-A-23 535,097.66 5.750000% 06050HZG6 11.756876 4.661836 961.147966
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 52,695,280.10 3.000000% 06050HZL5 6.913329 2.472657 982.149325
1-A-28 39,735,501.20 2.750000% 06050HZM3 4.179641 2.276513 989.207889
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 58,021,126.03 6.000000% 06050HZU5 0.000000 4.962824 987.865126
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 99.531961 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO463,757,632.14 0.321993% 06050HZX9 0.000000 0.263337 972.945497
2-A-1 79,787,771.54 5.000000% 06050HZY7 35.474996 4.024403 930.381765
2-A-2 29,693,004.79 5.500000% 06050HZZ4 56.796135 4.332790 888.539898
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 13,531,376.99 1.920000% 06050HA40 35.474996 1.545371 930.381765
2-A-6 13,531,376.99 6.580000% 06050HA57 0.000000 5.296115 930.381765
2-A-7 1,400,492.30 5.000000% 06050HA65 35.474996 4.024403 930.381765
2-A-WIO143,906,389.41 0.395947% 06050HA73 0.000000 0.318728 930.638720
1-A-PO 287,760.27 0.000000% 06050HA81 1.221404 0.000000 995.746251
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,244,518.12 6.000000% 06050HA99 0.925875 4.990823 997.238787
1-B-2 2,997,488.48 6.000000% 06050HB23 0.925875 4.990823 997.238787
1-B-3 1,498,245.16 6.000000% 06050HB31 0.925875 4.990823 997.238787
1-B-4 999,162.83 6.000000% 06050HB72 0.925875 4.990823 997.238787
1-B-5 749,621.66 6.000000% 06050HB80 0.925875 4.990823 997.238787
1-B-6 749,606.10 6.000000% 06050HB98 0.925875 4.990823 997.238787
2-B-1 1,044,502.16 5.500000% 06050HB49 3.616983 4.550667 989.255797
2-B-2 298,854.71 5.500000% 06050HB56 3.616983 4.550667 989.255797
2-B-3 223,396.38 5.500000% 06050HB64 3.616983 4.550667 989.255797
2-B-4 74,465.46 5.500000% 06050HC22 3.616983 4.550667 989.255797
2-B-5 74,465.46 5.500000% 06050HC30 3.616983 4.550667 989.255797
2-B-6 149,863.49 5.500000% 06050HC48 3.616985 4.550669 989.256356
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 636,361,660.49 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
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 487,177,839.71 139,887,147.61 627,064,987.32
Loan count 1030 278 1308
Avg loan rate 6.553494% 6.145510% 6.46
Prepay amount 3,572,265.86 4,740,928.90 8,313,194.76
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 98,154.20 20,280.64 118,434.84
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,228.01 362.89 1,590.91
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 97.629404% 100.000000% 621,257,470.49
-----------------------------------------------------------------------------
Junior 2.370596% 0.000000% 15,085,114.05
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 14 6,146,553.79
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 14 6,146,553.79
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 12,691,035.96 12,691,035.96
Principal remittance amount 9,297,073.41 9,297,073.41
Interest remittance amount 3,393,962.55 3,393,962.55