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): February 25, 2003
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-7)
(Exact name of registrant as specified in charter)
North Carolina 333-74544-19 95-4449516
(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 2002-7
On February 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2002-7, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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 2002-7 relating to the distribution date of February
25, 2003 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of July 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: February 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 February 25, 2003
Payment Date: 02/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
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 40,000,000.00 6.250000% 0.00 208,333.33 208,333.33 0.00 0.00
1-A-2 25,084,000.00 6.500000% 0.00 135,871.67 135,871.67 0.00 0.00
1-A-3 21,840,000.00 6.500000% 0.00 118,300.00 118,300.00 0.00 0.00
1-A-4 123,513,336.30 5.500000% 11,449,539.26 566,102.79 12,015,642.06 0.00 0.00
1-A-5 68,523,193.27 1.902500% 6,352,018.46 108,637.81 6,460,656.27 0.00 0.00
1-A-6 68,523,193.27 6.597500% 0.00 376,734.81 376,734.81 0.00 0.00
1-A-7 1,500,000.00 7.250000% 0.00 9,062.50 9,062.50 0.00 0.00
1-A-8 400,000.00 6.250000% 0.00 2,083.33 2,083.33 0.00 0.00
1-A-9 400,000.00 6.250000% 0.00 2,083.33 2,083.33 0.00 0.00
1-A-10 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-11 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-12 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-13 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-14 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-15 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-16 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-17 350,000.00 6.250000% 0.00 1,822.92 1,822.92 0.00 0.00
1-A-18 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-19 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-20 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-21 400,000.00 6.500000% 0.00 2,166.67 2,166.67 0.00 0.00
1-A-22 400,000.00 6.500000% 0.00 2,166.67 2,166.67 0.00 0.00
1-A-23 400,000.00 6.500000% 0.00 2,166.67 2,166.67 0.00 0.00
1-A-24 400,000.00 6.500000% 0.00 2,166.67 2,166.67 0.00 0.00
1-A-25 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-26 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-27 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-28 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-29 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-30 300,000.00 6.250000% 0.00 1,562.50 1,562.50 0.00 0.00
1-A-31 1,500,000.00 7.000000% 0.00 8,750.00 8,750.00 0.00 0.00
1-A-32 1,500,000.00 6.000000% 0.00 7,500.00 7,500.00 0.00 0.00
1-A-33 3,000,000.00 6.500000% 0.00 16,250.00 16,250.00 0.00 0.00
1-A-34 2,500,000.00 6.500000% 0.00 13,541.67 13,541.67 0.00 0.00
1-A-35 600,000.00 7.250000% 0.00 3,625.00 3,625.00 0.00 0.00
1-A-36 18,044,068.91 5.750000% 1,672,663.71 86,461.16 1,759,124.87 0.00 0.00
1-A-37 1,000,000.00 6.250000% 0.00 5,208.33 5,208.33 0.00 0.00
1-A-38 1,576,923.08 6.500000% 0.00 8,541.67 8,541.67 0.00 0.00
Residual 1-A-R 0.00 6.500000% 0.00 0.02 0.02 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-IO 198,175,571.04 0.206068% 0.00 34,031.29 34,031.29 0.00 0.00
2-A-1 63,165,241.51 5.750000% 6,572,369.57 302,666.78 6,875,036.35 0.00 0.00
2-A-2 6,355,852.24 1.902500% 661,329.06 10,076.67 671,405.73 0.00 0.00
2-A-3 6,355,852.24 6.597500% 0.00 34,943.95 34,943.95 0.00 0.00
2-A-4 393,285.59 5.750000% 40,921.53 1,884.49 42,806.02 0.00 0.00
2-A-IO 56,803,092.54 0.301954% 0.00 14,293.25 14,293.25 0.00 0.00
1-A-PO 1,193,335.38 0.000000% 5,182.98 0.00 5,182.98 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 4,486,340.00 6.500000% 4,026.07 24,301.01 28,327.08 0.00 0.00
1-B-2 3,262,792.73 6.500000% 2,928.05 17,673.46 20,601.51 0.00 0.00
1-B-3 1,427,471.82 6.500000% 1,281.02 7,732.14 9,013.16 0.00 0.00
1-B-4 611,773.64 6.500000% 549.01 3,313.77 3,862.78 0.00 0.00
1-B-5 407,849.09 6.500000% 366.01 2,209.18 2,575.19 0.00 0.00
1-B-6 1,020,504.52 6.500000% 915.81 5,527.73 6,443.54 0.00 0.00
2-B-1 619,068.31 6.000000% 2,217.41 3,095.34 5,312.75 0.00 0.00
2-B-2 220,396.16 6.000000% 789.42 1,101.98 1,891.41 0.00 0.00
2-B-3 133,217.23 6.000000% 477.16 666.09 1,143.25 0.00 0.00
2-B-4 88,158.46 6.000000% 315.77 440.79 756.56 0.00 0.00
2-B-5 88,158.46 6.000000% 315.77 440.79 756.56 0.00 0.00
2-B-6 88,788.88 6.000000% 318.03 443.94 761.97 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 400,066,832.51 - 26,768,524.10 2,179,242.60 28,947,766.70 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 40,000,000.00 0.00
1-A-2 25,084,000.00 0.00
1-A-3 21,840,000.00 0.00
1-A-4 112,063,797.04 0.00
1-A-5 62,171,174.81 0.00
1-A-6 62,171,174.81 0.00
1-A-7 1,500,000.00 0.00
1-A-8 400,000.00 0.00
1-A-9 400,000.00 0.00
1-A-10 350,000.00 0.00
1-A-11 350,000.00 0.00
1-A-12 350,000.00 0.00
1-A-13 350,000.00 0.00
1-A-14 350,000.00 0.00
1-A-15 350,000.00 0.00
1-A-16 350,000.00 0.00
1-A-17 350,000.00 0.00
1-A-18 300,000.00 0.00
1-A-19 300,000.00 0.00
1-A-20 300,000.00 0.00
1-A-21 400,000.00 0.00
1-A-22 400,000.00 0.00
1-A-23 400,000.00 0.00
1-A-24 400,000.00 0.00
1-A-25 300,000.00 0.00
1-A-26 300,000.00 0.00
1-A-27 300,000.00 0.00
1-A-28 300,000.00 0.00
1-A-29 300,000.00 0.00
1-A-30 300,000.00 0.00
1-A-31 1,500,000.00 0.00
1-A-32 1,500,000.00 0.00
1-A-33 3,000,000.00 0.00
1-A-34 2,500,000.00 0.00
1-A-35 600,000.00 0.00
1-A-36 16,371,405.20 0.00
1-A-37 1,000,000.00 0.00
1-A-38 1,576,923.08 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-IO 184,729,868.66 0.00
2-A-1 56,592,871.94 0.00
2-A-2 5,694,523.18 0.00
2-A-3 5,694,523.18 0.00
2-A-4 352,364.06 0.00
2-A-IO 51,753,483.35 0.00
1-A-PO 1,188,152.39 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 4,482,313.93 0.00
1-B-2 3,259,864.68 0.00
1-B-3 1,426,190.80 0.00
1-B-4 611,224.63 0.00
1-B-5 407,483.08 0.00
1-B-6 1,019,588.72 0.00
2-B-1 616,850.91 0.00
2-B-2 219,606.73 0.00
2-B-3 132,740.07 0.00
2-B-4 87,842.69 0.00
2-B-5 87,842.69 0.00
2-B-6 88,470.85 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 373,298,308.41 -
- --------------------------------------------------------------------------------
Payment Date: 02/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
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 40,000,000.00 6.250000% 06050HNS3 0.000000 5.208333 1,000.000000
1-A-2 25,084,000.00 6.500000% 06050HNT1 0.000000 5.416667 1,000.000000
1-A-3 21,840,000.00 6.500000% 06050HNU8 0.000000 5.416667 1,000.000000
1-A-4 123,513,336.30 5.500000% 06050HNV6 66.906548 3.308079 654.856208
1-A-5 68,523,193.27 1.902500% 06050HNW4 66.906548 1.144295 654.856208
1-A-6 68,523,193.27 6.597500% 06050HNX2 0.000000 3.968191 654.856208
1-A-7 1,500,000.00 7.250000% 06050HNY0 0.000000 6.041667 1,000.000000
1-A-8 400,000.00 6.250000% 06050HNZ7 0.000000 5.208333 1,000.000000
1-A-9 400,000.00 6.250000% 06050HPA0 0.000000 5.208333 1,000.000000
1-A-10 350,000.00 6.250000% 06050HPB8 0.000000 5.208333 1,000.000000
1-A-11 350,000.00 6.250000% 06050HPC6 0.000000 5.208333 1,000.000000
1-A-12 350,000.00 6.250000% 06050HPD4 0.000000 5.208333 1,000.000000
1-A-13 350,000.00 6.250000% 06050HPE2 0.000000 5.208333 1,000.000000
1-A-14 350,000.00 6.250000% 06050HPF9 0.000000 5.208333 1,000.000000
1-A-15 350,000.00 6.250000% 06050HPG7 0.000000 5.208333 1,000.000000
1-A-16 350,000.00 6.250000% 06050HPH5 0.000000 5.208333 1,000.000000
1-A-17 350,000.00 6.250000% 06050HPJ1 0.000000 5.208333 1,000.000000
1-A-18 300,000.00 6.250000% 06050HPK8 0.000000 5.208333 1,000.000000
1-A-19 300,000.00 6.250000% 06050HPL6 0.000000 5.208333 1,000.000000
1-A-20 300,000.00 6.250000% 06050HPM4 0.000000 5.208333 1,000.000000
1-A-21 400,000.00 6.500000% 06050HPN2 0.000000 5.416667 1,000.000000
1-A-22 400,000.00 6.500000% 06050HPP7 0.000000 5.416667 1,000.000000
1-A-23 400,000.00 6.500000% 06050HPQ5 0.000000 5.416667 1,000.000000
1-A-24 400,000.00 6.500000% 06050HPR3 0.000000 5.416667 1,000.000000
1-A-25 300,000.00 6.250000% 06050HPS1 0.000000 5.208333 1,000.000000
1-A-26 300,000.00 6.250000% 06050HPT9 0.000000 5.208333 1,000.000000
1-A-27 300,000.00 6.250000% 06050HPU6 0.000000 5.208333 1,000.000000
1-A-28 300,000.00 6.250000% 06050HPV4 0.000000 5.208333 1,000.000000
1-A-29 300,000.00 6.250000% 06050HPW2 0.000000 5.208333 1,000.000000
1-A-30 300,000.00 6.250000% 06050HPX0 0.000000 5.208333 1,000.000000
1-A-31 1,500,000.00 7.000000% 06050HPY8 0.000000 5.833333 1,000.000000
1-A-32 1,500,000.00 6.000000% 06050HPZ5 0.000000 5.000000 1,000.000000
1-A-33 3,000,000.00 6.500000% 06050HQA9 0.000000 5.416667 1,000.000000
1-A-34 2,500,000.00 6.500000% 06050HQB7 0.000000 5.416667 1,000.000000
1-A-35 600,000.00 7.250000% 06050HQC5 0.000000 6.041667 1,000.000000
1-A-36 18,044,068.91 5.750000% 06050HQD3 66.906548 3.458447 654.856208
1-A-37 1,000,000.00 6.250000% 06050HQE1 0.000000 5.208333 1,000.000000
1-A-38 1,576,923.08 6.500000% 06050HQF8 0.000000 5.416667 1,000.000049
Residual 1-A-R 0.00 6.500000% 06050HQG6 0.000000 0.360547 0.000000
1-A-LR 0.00 6.500000% 06050HQH4 0.000000 0.000000 0.000000
1-A-IO198,175,571.04 0.206068% 06050HQJ0 0.000000 0.133141 722.721434
2-A-1 63,165,241.51 5.750000% 06050HQK7 81.843057 3.768987 704.728123
2-A-2 6,355,852.24 1.902500% 06050HQL5 81.843057 1.247043 704.728123
2-A-3 6,355,852.24 6.597500% 06050HQM3 0.000000 4.324503 704.728123
2-A-4 393,285.59 5.750000% 06050HQN1 81.843057 3.768987 704.728123
2-A-IO 56,803,092.54 0.301954% 06050HQP6 0.000000 0.196003 709.694031
1-A-PO 1,193,335.38 0.000000% 06050HQQ4 3.948624 0.000000 905.186787
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 4,486,340.00 6.500000% 06050HQR2 0.892698 5.388250 993.861183
1-B-2 3,262,792.73 6.500000% 06050HQS0 0.892698 5.388250 993.861183
1-B-3 1,427,471.82 6.500000% 06050HQT8 0.892698 5.388250 993.861183
1-B-4 611,773.64 6.500000% 06050HRJ9 0.892698 5.388250 993.861183
1-B-5 407,849.09 6.500000% 06050HRK6 0.892698 5.388250 993.861183
1-B-6 1,020,504.52 6.500000% 06050HRL4 0.892698 5.388251 993.861257
2-B-1 619,068.31 6.000000% 06050HQU5 3.508554 4.897692 976.029919
2-B-2 220,396.16 6.000000% 06050HQV3 3.508554 4.897692 976.029919
2-B-3 133,217.23 6.000000% 06050HQW1 3.508554 4.897692 976.029919
2-B-4 88,158.46 6.000000% 06050HRM2 3.508554 4.897692 976.029919
2-B-5 88,158.46 6.000000% 06050HRN0 3.508554 4.897692 976.029919
2-B-6 88,788.88 6.000000% 06050HRP5 3.508561 4.897703 976.031950
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 400,066,832.51 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 309,382,381.86 63,915,926.22 373,298,308.08
Loan count 671 134 805
Avg loan rate 6.854461% 6.490193% 6.79
Prepay amount 19,192,987.58 7,025,327.77 26,218,315.35
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 38,801.19 2,230.87 41,032.06
Sub servicer fees 0.00 0.00 0.00
Trustee fees 822.18 177.99 1,000.17
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 96.890402% 100.000000% 387,612,313.20
-----------------------------------------------------------------------------
Junior 3.109598% 0.000000% 12,440,019.79
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,976,749.28
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 6 2,976,749.28
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 28,947,766.70 28,947,766.70
Principal remittance amount 26,768,524.10 26,768,524.10
Interest remittance amount 2,179,242.60 2,179,242.60