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): March 25, 2003
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-3 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-74544-07 03-0414271/Man
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
101 N. Tryon St., Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 704-387-2111
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 2002-3 Trust
On March 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2002-3 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 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 2002-3 Trust relating to the distribution date of
March 25, 2003 prepared by The Bank of New York, as Trustee
under the Pooling and Servicing Agreement dated as of March
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: March 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 March 25, 2003
Payment Date: 03/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
Class Information Current Payment Information
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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 7,941,617.82 1.836250% 1,030,036.39 12,152.33 1,042,188.72 0.00 0.00
1-A-2 3,653,000.00 6.500000% 0.00 19,787.08 19,787.08 0.00 0.00
1-A-3 3,103,000.00 6.500000% 0.00 16,807.92 16,807.92 0.00 0.00
1-A-4 3,210,000.00 6.500000% 0.00 17,387.50 17,387.50 0.00 0.00
1-A-5 2,868,000.00 6.500000% 0.00 15,535.00 15,535.00 0.00 0.00
1-A-6 63,532,945.60 6.250000% 8,240,291.54 330,900.76 8,571,192.29 0.00 0.00
1-A-7 7,941,617.82 6.663750% 0.00 44,100.80 44,100.80 0.00 0.00
1-A-8 32,352,286.48 6.500000% 2,410,192.39 175,241.55 2,585,433.95 0.00 0.00
1-A-9 13,260,000.00 6.500000% 0.00 71,825.00 71,825.00 0.00 0.00
1-A-10 24,800,000.00 6.500000% 0.00 134,333.33 134,333.33 0.00 0.00
1-A-11 155,000.00 6.500000% 0.00 839.58 839.58 0.00 0.00
Residual 1-A-R 0.00 6.500000% 0.00 0.07 0.07 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
2-A-1 100,265,842.94 6.500000% 10,149,832.20 543,106.65 10,692,938.85 0.00 0.00
3-A-1 61,259,876.57 6.000000% 4,665,927.26 306,299.38 4,972,226.65 0.00 0.00
1-A-PO 1,481,397.15 0.000000% 12,124.27 0.00 12,124.27 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,073,530.88 6.500000% 2,833.43 16,648.29 19,481.72 0.00 0.00
1-B-2 1,475,849.51 6.500000% 1,360.56 7,994.18 9,354.74 0.00 0.00
1-B-3 860,747.13 6.500000% 793.51 4,662.38 5,455.89 0.00 0.00
1-B-4 491,289.50 6.500000% 452.91 2,661.15 3,114.06 0.00 0.00
1-B-5 369,457.63 6.500000% 340.60 2,001.23 2,341.83 0.00 0.00
1-B-6 491,958.69 6.500000% 453.52 2,664.78 3,118.30 0.00 0.00
2-B-1 1,429,180.81 6.500000% 1,318.80 7,741.40 9,060.20 0.00 0.00
2-B-2 1,202,373.88 6.500000% 1,109.51 6,512.86 7,622.37 0.00 0.00
2-B-3 677,449.53 6.500000% 625.13 3,669.52 4,294.65 0.00 0.00
2-B-4 300,098.26 6.500000% 276.92 1,625.53 1,902.45 0.00 0.00
2-B-5 225,816.51 6.500000% 208.38 1,223.17 1,431.55 0.00 0.00
2-B-6 301,526.01 6.500000% 278.22 1,633.27 1,911.49 0.00 0.00
3-B-1 742,184.18 6.000000% 2,700.74 3,710.92 6,411.66 0.00 0.00
3-B-2 264,721.98 6.000000% 963.30 1,323.61 2,286.91 0.00 0.00
3-B-3 159,795.81 6.000000% 581.48 798.98 1,380.46 0.00 0.00
3-B-4 105,888.79 6.000000% 385.32 529.44 914.76 0.00 0.00
3-B-5 105,888.79 6.000000% 385.32 529.44 914.76 0.00 0.00
3-B-6 106,479.02 6.000000% 387.47 532.40 919.86 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 330,267,203.46 - 26,523,859.17 1,754,779.50 28,278,638.68 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 6,911,581.42 0.00
1-A-2 3,653,000.00 0.00
1-A-3 3,103,000.00 0.00
1-A-4 3,210,000.00 0.00
1-A-5 2,868,000.00 0.00
1-A-6 55,292,654.07 0.00
1-A-7 6,911,581.42 0.00
1-A-8 29,942,094.08 0.00
1-A-9 13,260,000.00 0.00
1-A-10 24,800,000.00 0.00
1-A-11 155,000.00 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
2-A-1 90,116,010.74 0.00
3-A-1 56,593,949.30 0.00
1-A-PO 1,469,272.88 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 3,070,697.45 0.00
1-B-2 1,474,488.95 0.00
1-B-3 859,953.62 0.00
1-B-4 490,836.59 0.00
1-B-5 369,117.03 0.00
1-B-6 491,505.17 0.00
2-B-1 1,427,862.01 0.00
2-B-2 1,201,264.37 0.00
2-B-3 676,824.40 0.00
2-B-4 299,821.34 0.00
2-B-5 225,608.13 0.00
2-B-6 301,247.79 0.00
3-B-1 739,483.44 0.00
3-B-2 263,758.68 0.00
3-B-3 159,214.33 0.00
3-B-4 105,503.47 0.00
3-B-5 105,503.47 0.00
3-B-6 106,091.55 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 303,743,344.28 -
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3 Trust
Bank of America, NA, as 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 7,941,617.82 1.836250% 06050HEE4 66.524064 0.784848 446.378876
1-A-2 3,653,000.00 6.500000% 06050HEF1 0.000000 5.416667 1,000.000000
1-A-3 3,103,000.00 6.500000% 06050HEG9 0.000000 5.416667 1,000.000000
1-A-4 3,210,000.00 6.500000% 06050HEH7 0.000000 5.416667 1,000.000000
1-A-5 2,868,000.00 6.500000% 06050HEJ3 0.000000 5.416667 1,000.000000
1-A-6 63,532,945.60 6.250000% 06050HEK0 66.524064 2.671369 446.378876
1-A-7 7,941,617.82 6.663750% 06050HEL8 0.000000 2.848214 446.378876
1-A-8 32,352,286.48 6.500000% 06050HEM6 48.203848 3.504831 598.841882
1-A-9 13,260,000.00 6.500000% 06050HEN4 0.000000 5.416667 1,000.000000
1-A-10 24,800,000.00 6.500000% 06050HEP9 0.000000 5.416667 1,000.000000
1-A-11 155,000.00 6.500000% 06050HFS2 0.000000 5.416667 1,000.000000
Residual 1-A-R 0.00 6.500000% 06050HEQ7 0.000000 1.377508 0.000000
1-A-LR 0.00 6.500000% 06050HER5 0.000000 0.000000 0.000000
2-A-1 100,265,842.94 6.500000% 06050HES3 68.957818 3.689859 612.246912
3-A-1 61,259,876.57 6.000000% 06050HET1 42.953660 2.819735 520.993393
1-A-PO 1,481,397.15 0.000000% 06050HEU8 7.844122 0.000000 950.585315
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,073,530.88 6.500000% 06050HEV6 0.913127 5.365225 989.589897
1-B-2 1,475,849.51 6.500000% 06050HEW4 0.913127 5.365225 989.589897
1-B-3 860,747.13 6.500000% 06050HEX2 0.913127 5.365225 989.589897
1-B-4 491,289.50 6.500000% 06050HFH6 0.913127 5.365225 989.589897
1-B-5 369,457.63 6.500000% 06050HFJ2 0.913127 5.365225 989.589897
1-B-6 491,958.69 6.500000% 06050HFK9 0.913111 5.365228 989.590536
2-B-1 1,429,180.81 6.500000% 06050HEY0 0.913931 5.364793 989.509362
2-B-2 1,202,373.88 6.500000% 06050HEZ7 0.913931 5.364793 989.509362
2-B-3 677,449.53 6.500000% 06050HFA1 0.913931 5.364793 989.509362
2-B-4 300,098.26 6.500000% 06050HFL7 0.913931 5.364793 989.509362
2-B-5 225,816.51 6.500000% 06050HFM5 0.913931 5.364793 989.509362
2-B-6 301,526.01 6.500000% 06050HFN3 0.913870 5.364794 989.509673
3-B-1 742,184.18 6.000000% 06050HFB9 3.502904 4.813127 959.122485
3-B-2 264,721.98 6.000000% 06050HFC7 3.502904 4.813127 959.122485
3-B-3 159,795.81 6.000000% 06050HFD5 3.502904 4.813127 959.122485
3-B-4 105,888.79 6.000000% 06050HFP8 3.502904 4.813127 959.122485
3-B-5 105,888.79 6.000000% 06050HFQ6 3.502904 4.813127 959.122485
3-B-6 106,479.02 6.000000% 06050HFR4 3.502908 4.813131 959.123368
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 330,267,203.46 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 150,954,135.33 94,701,502.67 58,087,705.77
Loan count 327 216 134
Avg loan rate 6.930344% 6.930053% 6.685840%
Prepay amount 11,538,685.20 10,066,972.69 4,443,008.60
Total
-----
Prin balance 303,743,343.77
Loan count 677
Avg loan rate 6.88
Prepay amount 26,048,666.49
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 40,058.96 21,693.11 29,605.80
Sub servicer fees 0.00 0.00 0.00
Trustee fees 406.61 262.16 156.90
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 91,357.87
Sub servicer fees 0.00
Trustee fees 825.67
Agg advances N/A
Adv this period 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
Cumulative losses 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
Fraud 0.00
Special Hazard 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 96.254741% 100.000000% 317,882,966.55
-----------------------------------------------------------------------------
Junior 3.745259% 0.000000% 12,368,781.80
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 2,618,311.64
60 to 89 days 0 0.00
90 or more 1 409,672.13
Foreclosure 0 0.00
Totals: 8 3,027,983.77
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 28,278,638.68 28,278,638.68
Principal remittance amount 26,523,859.17 26,523,859.17
Interest remittance amount 1,754,779.50 1,754,779.50