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 20, 2003
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 February 20, 2003, 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 February
20, 2003 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: February 20, 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 20, 2003
Payment Date: 02/20/03
------------------------------------------------------------
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 318,347,546.94 6.462479% 39,893,261.19 1,714,428.52 41,607,689.71 0.00 0.00
A2 8,557,729.76 6.000000% 1,072,399.49 42,788.65 1,115,188.14 0.00 0.00
A3 24,532,158.64 3.500000% 3,074,211.88 71,552.13 3,145,764.01 0.00 0.00
A4 194,289,561.75 5.000000% 24,347,114.68 809,539.84 25,156,654.52 0.00 0.00
A5 42,788,648.78 4.500000% 5,361,997.47 160,457.43 5,522,454.90 0.00 0.00
A6 142,628,829.27 4.200000% 17,873,324.91 499,200.90 18,372,525.81 0.00 0.00
A7 470,675.14 4.500000% 58,981.97 1,765.03 60,747.00 0.00 0.00
AIO 413,267,603.34 1.859251% 0.00 640,306.90 640,306.90 0.00 0.00
Residual AR 0.00 6.462479% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.462479% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.462479% 0.00 0.00 0.00 0.00 0.00
2A1 336,371,197.06 5.785269% 20,210,650.93 1,621,664.99 21,832,315.93 0.00 0.00
2A2 13,454,724.18 5.785269% 808,418.60 64,866.00 873,284.61 0.00 0.00
3A1 51,285,418.13 7.087082% 4,702,138.29 302,886.62 5,005,024.91 0.00 0.00
4A1 71,047,827.79 4.698000% 4,239,818.66 278,152.25 4,517,970.91 0.00 0.00
4IO 71,047,827.79 0.578302% 0.00 34,239.26 34,239.26 0.00 0.00
BIO 0.00 0.000000% 0.00 25,923.24 25,923.24 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 18,298,755.52 4.565582% 23,054.51 69,620.40 92,674.91 0.00 0.00
B2 7,703,590.58 6.265582% 9,705.72 40,222.90 49,928.62 0.00 0.00
B3 3,851,795.29 6.265582% 4,852.86 20,111.45 24,964.31 0.00 0.00
B4 1,926,393.63 6.265582% 2,427.05 10,058.32 12,485.37 0.00 0.00
B5 1,925,401.66 6.265582% 2,425.80 10,053.14 12,478.94 0.00 0.00
B6 2,889,880.72 6.265582% 3,640.77 15,088.99 18,729.76 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 1,240,370,134.82 - 121,688,424.80 6,432,926.95 128,121,351.75 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 278,454,285.75 0.00
A2 7,485,330.26 0.00
A3 21,457,946.75 0.00
A4 169,942,447.07 0.00
A5 37,426,651.31 0.00
A6 124,755,504.37 0.00
A7 411,693.16 0.00
AIO 361,479,572.93 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 316,160,546.13 0.00
2A2 12,646,305.58 0.00
3A1 46,583,279.84 0.00
4A1 66,808,009.13 0.00
4IO 66,808,009.13 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 18,275,701.01 0.00
B2 7,693,884.86 0.00
B3 3,846,942.43 0.00
B4 1,923,966.57 0.00
B5 1,922,975.86 0.00
B6 2,886,239.95 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 1,118,681,710.02 -
- --------------------------------------------------------------------------------
Payment Date: 02/20/03
------------------------------------------------------------
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 318,347,546.94 6.462479% 06050HXK9 71.493300 3.072453 499.022017
A2 8,557,729.76 6.000000% 06050HXL7 71.493300 2.852577 499.022017
A3 24,532,158.64 3.500000% 06050HXM5 71.493300 1.664003 499.022017
A4 194,289,561.75 5.000000% 06050HXN3 71.493300 2.377147 499.022017
A5 42,788,648.78 4.500000% 06050HXP8 71.493300 2.139432 499.022017
A6 142,628,829.27 4.200000% 06050HXQ6 71.493300 1.996804 499.022017
A7 470,675.14 4.500000% 06050HXR4 71.493300 2.139432 499.022017
AIO 413,267,603.34 1.859251% 06050HXS2 0.000000 0.883943 499.022017
Residual AR 0.00 6.462479% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.462479% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.462479% 06050HXV5 0.000000 0.000000 0.000000
2A1 336,371,197.06 5.785269% 06050HXW3 46.452830 3.727289 726.673883
2A2 13,454,724.18 5.785269% 06050HXX1 46.452830 3.727289 726.673883
3A1 51,285,418.13 7.087082% 06050HXY9 65.409224 4.213313 647.997995
4A1 71,047,827.79 4.698000% 06050HXZ6 43.308974 2.841274 682.431628
4IO 71,047,827.79 0.578302% 06050HYA0 0.000000 0.349748 682.431628
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 18,298,755.52 4.565582% 06050HYC6 1.249770 3.774077 990.713992
B2 7,703,590.58 6.265582% 06050HYD4 1.249770 5.179359 990.713992
B3 3,851,795.29 6.265582% 06050HYE2 1.249770 5.179359 990.713992
B4 1,926,393.63 6.265582% 06050HYF9 1.249770 5.179359 990.713992
B5 1,925,401.66 6.265582% 06050HYG7 1.249770 5.179359 990.713992
B6 2,889,880.72 6.265582% 06050HYH5 1.249711 5.179360 990.714188
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 1,240,370,134.82 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 664,610,301.85 337,409,244.19 47,968,271.14
Loan count 1407 683 109
Avg loan rate 6.712479% 6.035269% 7.337082%
Prepay amount 90,706,870.52 20,637,996.91 4,644,084.49
Total
-----
Prin balance 68,693,892.27 1,118,681,709.45
Loan count 136 2335
Avg loan rate 5.651302% 6.48
Prepay amount 4,155,284.03 120,144,235.95
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 7,526.85 45,033.95 2,187.38
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 17,557.68 72,305.86
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 97.053213% 100.000000% 1,203,774,317.43
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Junior 2.946787% 0.000000% 36,549,710.67
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 14 5,944,529.78
60 to 89 days 2 663,894.54
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 16 6,608,424.32
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 128,121,351.75 128,121,351.75
Principal remittance amount 121,688,424.80 121,688,424.80
Interest remittance amount 6,432,926.95 6,432,926.95