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 2002-10 Trust)
(Exact name of registrant as specified in charter)
Delaware 333-97547-06 61-1430166/0169
(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 2002-10 Trust
On March 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-10 Trust, 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 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
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: 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 2002-10 Trust
Bank of America, NA, as 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 66,653,880.65 6.000000% 11,808,733.21 333,269.40 12,142,002.61 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 4,817,000.00 6.000000% 854,000.00 24,085.00 878,085.00 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 28,611,878.99 1.986250% 1,497,273.03 47,358.62 1,544,631.65 0.00 0.00
1-A-18 28,611,878.99 6.513750% 0.00 155,308.86 155,308.86 0.00 0.00
1-A-19 13,846,708.58 5.750000% 787,759.35 66,348.81 854,108.16 0.00 0.00
1-A-20 1,463,266.16 4.750000% 1,463,266.16 5,792.10 1,469,058.25 0.00 0.00
1-A-21 50,000,000.00 4.750000% 1,229,830.66 197,916.67 1,427,747.33 0.00 0.00
1-A-22 11,344,559.88 5.750000% 688,818.21 54,359.35 743,177.56 0.00 0.00
1-A-23 505,100.62 5.750000% 30,668.66 2,420.27 33,088.94 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 51,907,439.00 3.000000% 470,559.87 129,768.60 600,328.47 0.00 0.00
1-A-28 39,377,897.10 2.750000% 213,588.93 90,241.01 303,829.94 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 57,433,503.26 6.000000% 0.00 287,167.52 287,167.52 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 1.58 1.58 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 446,342,660.94 0.320369% 0.00 119,161.87 119,161.87 0.00 0.00
2-A-1 70,901,112.80 5.000000% 3,153,039.84 295,421.30 3,448,461.14 0.00 0.00
2-A-2 24,283,229.14 5.500000% 1,919,420.86 111,298.13 2,030,718.99 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 12,024,269.73 1.836250% 534,730.70 18,399.64 553,130.33 0.00 0.00
2-A-6 12,024,269.73 6.663750% 0.00 66,772.27 66,772.27 0.00 0.00
2-A-7 1,244,507.28 5.000000% 55,344.42 5,185.45 60,529.87 0.00 0.00
2-A-WIO 127,943,789.68 0.395602% 0.00 42,179.06 42,179.06 0.00 0.00
1-A-PO 272,943.39 0.000000% 336.59 0.00 336.59 0.00 0.00
1-SES 0.00 0.000000% 0.00 80,677.48 80,677.48 0.00 19,609.70
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,232,905.30 6.000000% 5,889.63 31,164.53 37,054.16 0.00 0.00
1-B-2 2,991,914.10 6.000000% 2,827.13 14,959.57 17,786.71 0.00 0.00
1-B-3 1,495,458.90 6.000000% 1,413.10 7,477.29 8,890.39 0.00 0.00
1-B-4 997,304.70 6.000000% 942.38 4,986.52 5,928.90 0.00 0.00
1-B-5 748,227.60 6.000000% 707.02 3,741.14 4,448.16 0.00 0.00
1-B-6 748,212.07 6.000000% 707.00 3,741.06 4,448.06 0.00 0.00
2-B-1 1,036,857.41 5.500000% 3,869.40 4,752.26 8,621.67 0.00 0.00
2-B-2 296,667.38 5.500000% 1,107.12 1,359.73 2,466.85 0.00 0.00
2-B-3 221,761.33 5.500000% 827.58 1,016.41 1,843.99 0.00 0.00
2-B-4 73,920.44 5.500000% 275.86 338.80 614.66 0.00 0.00
2-B-5 73,920.44 5.500000% 275.86 338.80 614.66 0.00 0.00
2-B-6 148,766.63 5.500000% 555.12 681.85 1,236.97 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 601,722,800.63 - 24,726,767.70 3,195,443.03 27,922,210.73 - 19,609.70
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 54,845,147.45 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 3,963,000.00 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 27,114,605.97 0.00
1-A-18 27,114,605.97 0.00
1-A-19 13,058,949.23 0.00
1-A-20 0.00 0.00
1-A-21 48,770,169.34 0.00
1-A-22 10,655,741.68 0.00
1-A-23 474,431.95 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 51,436,879.13 0.00
1-A-28 39,164,308.17 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 57,082,529.32 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 427,314,698.65 0.00
2-A-1 67,748,072.97 0.00
2-A-2 22,363,808.28 0.00
2-A-3 15,000,000.00 0.00
2-A-4 3,878,000.00 0.00
2-A-5 11,489,539.03 0.00
2-A-6 11,489,539.03 0.00
2-A-7 1,189,162.86 0.00
2-A-WIO 122,279,662.76 0.00
1-A-PO 272,606.80 0.00
1-SES 0.00 19,609.70
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,227,015.67 0.00
1-B-2 2,989,086.97 0.00
1-B-3 1,494,045.80 0.00
1-B-4 996,362.32 0.00
1-B-5 747,520.58 0.00
1-B-6 747,505.07 0.00
2-B-1 1,032,988.01 0.00
2-B-2 295,560.26 0.00
2-B-3 220,933.75 0.00
2-B-4 73,644.58 0.00
2-B-5 73,644.58 0.00
2-B-6 148,211.51 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 576,996,032.93 19,609.70
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10 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 66,653,880.65 6.000000% 06050HYJ1 142.243046 4.014423 660.641637
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 4,817,000.00 6.000000% 06050HYN2 142.333333 4.014167 660.500000
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 28,611,878.99 1.986250% 06050HZA9 48.606592 1.537422 880.232634
1-A-18 28,611,878.99 6.513750% 06050HZB7 0.000000 5.041855 880.232634
1-A-19 13,846,708.58 5.750000% 06050HZC5 52.517290 4.423254 870.596615
1-A-20 1,463,266.16 4.750000% 06050HZD3 270.674465 1.071420 0.000000
1-A-21 50,000,000.00 4.750000% 06050HZE1 24.596613 3.958333 975.403387
1-A-22 11,344,559.88 5.750000% 06050HZF8 55.761209 4.400498 862.603552
1-A-23 505,100.62 5.750000% 06050HZG6 55.761209 4.400498 862.603552
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 51,907,439.00 3.000000% 06050HZL5 8.832161 2.435688 965.443131
1-A-28 39,377,897.10 2.750000% 06050HZM3 5.339723 2.256025 979.107704
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 57,433,503.26 6.000000% 06050HZU5 0.000000 4.912562 976.508270
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 31.647796 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO446,342,660.94 0.320369% 06050HZX9 0.000000 0.252170 904.281337
2-A-1 70,901,112.80 5.000000% 06050HZY7 38.168566 3.576170 820.112319
2-A-2 24,283,229.14 5.500000% 06050HZZ4 61.108592 3.543398 711.996443
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 12,024,269.73 1.836250% 06050HA40 38.168566 1.313349 820.112319
2-A-6 12,024,269.73 6.663750% 06050HA57 0.000000 4.766141 820.112319
2-A-7 1,244,507.28 5.000000% 06050HA65 38.168566 3.576170 820.112319
2-A-WIO127,943,789.68 0.395602% 06050HA73 0.000000 0.283128 820.803971
1-A-PO 272,943.39 0.000000% 06050HA81 1.166148 0.000000 944.467286
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,232,905.30 6.000000% 06050HA99 0.941437 4.981542 995.366955
1-B-2 2,991,914.10 6.000000% 06050HB23 0.941437 4.981542 995.366955
1-B-3 1,495,458.90 6.000000% 06050HB31 0.941437 4.981542 995.366955
1-B-4 997,304.70 6.000000% 06050HB72 0.941437 4.981542 995.366955
1-B-5 748,227.60 6.000000% 06050HB80 0.941437 4.981542 995.366955
1-B-6 748,212.07 6.000000% 06050HB98 0.941437 4.981542 995.366955
2-B-1 1,036,857.41 5.500000% 06050HB49 3.678140 4.517360 981.927763
2-B-2 296,667.38 5.500000% 06050HB56 3.678140 4.517360 981.927763
2-B-3 221,761.33 5.500000% 06050HB64 3.678140 4.517360 981.927763
2-B-4 73,920.44 5.500000% 06050HC22 3.678140 4.517360 981.927763
2-B-5 73,920.44 5.500000% 06050HC30 3.678140 4.517360 981.927763
2-B-6 148,766.63 5.500000% 06050HC48 3.677761 4.517363 981.928703
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 601,722,800.63 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 453,482,643.53 123,514,239.08 576,996,882.61
Loan count 969 249 1218
Avg loan rate 6.552151% 6.144777% 6.46
Prepay amount 18,610,240.26 5,187,354.70 23,797,594.96
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 64,592.91 16,084.57 80,677.48
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,181.35 322.96 1,504.31
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 97.499346% 100.000000% 586,656,884.33
-----------------------------------------------------------------------------
Junior 2.500654% 0.000000% 15,046,519.09
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 4,661,446.02
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 10 4,661,446.02
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 27,922,210.73 27,922,210.73
Principal remittance amount 24,726,767.70 24,726,767.70
Interest remittance amount 3,195,443.03 3,195,443.03