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): April 25, 2003
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-3)
(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
On April 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2002-3, 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 relating to the distribution date of April 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: April 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 April 25, 2003
Payment Date: 04/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
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 6,911,581.42 1.805000% 1,589,141.95 10,314.99 1,599,456.94 0.00 81.18
1-A-2 3,653,000.00 6.500000% 0.00 19,632.57 19,632.57 0.00 154.51
1-A-3 3,103,000.00 6.500000% 0.00 16,676.67 16,676.67 0.00 131.25
1-A-4 3,210,000.00 6.500000% 0.00 17,251.73 17,251.73 0.00 135.77
1-A-5 2,868,000.00 6.500000% 0.00 15,413.69 15,413.69 0.00 121.31
1-A-6 55,292,654.07 6.250000% 12,713,136.18 285,733.81 12,998,869.99 0.00 2,248.76
1-A-7 6,911,581.42 6.695000% 0.00 38,259.76 38,259.76 0.00 301.11
1-A-8 29,942,094.08 6.500000% 3,718,449.04 160,919.88 3,879,368.92 0.00 1,266.46
1-A-9 13,260,000.00 6.500000% 0.00 71,264.14 71,264.14 0.00 560.86
1-A-10 24,800,000.00 6.500000% 0.00 133,284.37 133,284.37 0.00 1,048.97
1-A-11 155,000.00 6.500000% 0.00 833.03 833.03 0.00 6.56
Residual 1-A-R 0.00 6.500000% 0.00 0.09 0.09 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
2-A-1 90,116,010.74 6.500000% 10,892,654.05 488,128.39 11,380,782.44 0.00 0.00
3-A-1 56,593,949.30 6.000000% 6,561,198.45 282,969.75 6,844,168.20 0.00 0.00
1-A-PO 1,469,272.88 0.000000% 138,047.26 0.00 138,047.26 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,070,697.45 6.500000% 2,842.30 16,503.06 19,345.37 0.00 129.88
1-B-2 1,474,488.95 6.500000% 1,364.82 7,924.45 9,289.27 0.00 62.37
1-B-3 859,953.62 6.500000% 795.99 4,621.71 5,417.70 0.00 36.37
1-B-4 490,836.59 6.500000% 454.33 2,637.94 3,092.27 0.00 20.76
1-B-5 369,117.03 6.500000% 341.66 1,983.77 2,325.43 0.00 15.61
1-B-6 491,505.17 6.500000% 454.91 2,641.53 3,096.44 0.00 20.79
2-B-1 1,427,862.01 6.500000% 1,331.75 7,734.25 9,066.00 0.00 0.00
2-B-2 1,201,264.37 6.500000% 1,120.40 6,506.85 7,627.25 0.00 0.00
2-B-3 676,824.40 6.500000% 631.27 3,666.13 4,297.40 0.00 0.00
2-B-4 299,821.34 6.500000% 279.64 1,624.03 1,903.67 0.00 0.00
2-B-5 225,608.13 6.500000% 210.42 1,222.04 1,432.47 0.00 0.00
2-B-6 301,247.79 6.500000% 280.97 1,631.76 1,912.73 0.00 0.00
3-B-1 739,483.44 6.000000% 2,719.25 3,697.42 6,416.67 0.00 0.00
3-B-2 263,758.68 6.000000% 969.90 1,318.79 2,288.70 0.00 0.00
3-B-3 159,214.33 6.000000% 585.47 796.07 1,381.54 0.00 0.00
3-B-4 105,503.47 6.000000% 387.96 527.52 915.48 0.00 0.00
3-B-5 105,503.47 6.000000% 387.96 527.52 915.48 0.00 0.00
3-B-6 106,091.55 6.000000% 390.12 530.46 920.58 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 303,743,344.28 - 35,628,176.05 1,606,778.16 37,234,954.21 - 6,342.52
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 5,322,439.48 81.18
1-A-2 3,653,000.00 154.51
1-A-3 3,103,000.00 131.25
1-A-4 3,210,000.00 135.77
1-A-5 2,868,000.00 121.31
1-A-6 42,579,517.89 2,248.76
1-A-7 5,322,439.48 301.11
1-A-8 26,223,645.05 1,266.46
1-A-9 13,260,000.00 560.86
1-A-10 24,800,000.00 1,048.97
1-A-11 155,000.00 6.56
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
2-A-1 79,223,356.68 0.00
3-A-1 50,032,750.85 0.00
1-A-PO 1,331,225.62 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 3,067,855.15 129.88
1-B-2 1,473,124.13 62.37
1-B-3 859,157.63 36.37
1-B-4 490,382.26 20.76
1-B-5 368,775.37 15.61
1-B-6 491,050.26 20.79
2-B-1 1,426,530.26 0.00
2-B-2 1,200,143.96 0.00
2-B-3 676,193.14 0.00
2-B-4 299,541.70 0.00
2-B-5 225,397.71 0.00
2-B-6 300,966.82 0.00
3-B-1 736,764.18 0.00
3-B-2 262,788.78 0.00
3-B-3 158,628.86 0.00
3-B-4 105,115.51 0.00
3-B-5 105,115.51 0.00
3-B-6 105,701.43 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 268,115,168.23 6,342.52
- --------------------------------------------------------------------------------
Payment Date: 04/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
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 6,911,581.42 1.805000% 06050HEE4 102.633443 0.666185 343.745433
1-A-2 3,653,000.00 6.500000% 06050HEF1 0.000000 5.374370 1,000.000000
1-A-3 3,103,000.00 6.500000% 06050HEG9 0.000000 5.374370 1,000.000000
1-A-4 3,210,000.00 6.500000% 06050HEH7 0.000000 5.374370 1,000.000000
1-A-5 2,868,000.00 6.500000% 06050HEJ3 0.000000 5.374370 1,000.000000
1-A-6 55,292,654.07 6.250000% 06050HEK0 102.633443 2.306736 343.745433
1-A-7 6,911,581.42 6.695000% 06050HEL8 0.000000 2.470975 343.745433
1-A-8 29,942,094.08 6.500000% 06050HEM6 74.368981 3.218398 524.472901
1-A-9 13,260,000.00 6.500000% 06050HEN4 0.000000 5.374370 1,000.000000
1-A-10 24,800,000.00 6.500000% 06050HEP9 0.000000 5.374370 1,000.000000
1-A-11 155,000.00 6.500000% 06050HFS2 0.000000 5.374370 1,000.000000
Residual 1-A-R 0.00 6.500000% 06050HEQ7 0.000000 1.742427 0.000000
1-A-LR 0.00 6.500000% 06050HER5 0.000000 0.000000 0.000000
2-A-1 90,116,010.74 6.500000% 06050HES3 74.004539 3.316337 538.242373
3-A-1 56,593,949.30 6.000000% 06050HET1 60.401175 2.604967 460.592218
1-A-PO 1,469,272.88 0.000000% 06050HEU8 89.313358 0.000000 861.271956
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,070,697.45 6.500000% 06050HEV6 0.915985 5.318422 988.673912
1-B-2 1,474,488.95 6.500000% 06050HEW4 0.915985 5.318422 988.673912
1-B-3 859,953.62 6.500000% 06050HEX2 0.915985 5.318422 988.673912
1-B-4 490,836.59 6.500000% 06050HFH6 0.915985 5.318422 988.673912
1-B-5 369,117.03 6.500000% 06050HFJ2 0.915985 5.318422 988.673912
1-B-6 491,505.17 6.500000% 06050HFK9 0.915901 5.318425 988.674635
2-B-1 1,427,862.01 6.500000% 06050HEY0 0.922903 5.359842 988.586459
2-B-2 1,201,264.37 6.500000% 06050HEZ7 0.922903 5.359842 988.586459
2-B-3 676,824.40 6.500000% 06050HFA1 0.922903 5.359842 988.586459
2-B-4 299,821.34 6.500000% 06050HFL7 0.922903 5.359842 988.586459
2-B-5 225,608.13 6.500000% 06050HFM5 0.922903 5.359842 988.586459
2-B-6 301,247.79 6.500000% 06050HFN3 0.922903 5.359844 988.586770
3-B-1 739,483.44 6.000000% 06050HFB9 3.526916 4.795612 955.595569
3-B-2 263,758.68 6.000000% 06050HFC7 3.526916 4.795612 955.595569
3-B-3 159,214.33 6.000000% 06050HFD5 3.526916 4.795612 955.595569
3-B-4 105,503.47 6.000000% 06050HFP8 3.526916 4.795612 955.595569
3-B-5 105,503.47 6.000000% 06050HFQ6 3.526916 4.795612 955.595569
3-B-6 106,091.55 6.000000% 06050HFR4 3.526919 4.795617 955.596449
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 303,743,344.28 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 132,855,959.08 83,738,196.84 51,521,011.76
Loan count 290 191 120
Avg loan rate 6.925900% 6.921306% 6.685105%
Prepay amount 17,958,364.63 10,874,950.89 6,353,089.70
Total
-----
Prin balance 268,115,167.68
Loan count 601
Avg loan rate 6.88
Prepay amount 35,186,405.22
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 20,836.07 16,389.73 22,204.00
Sub servicer fees 0.00 0.00 0.00
Trustee fees 377.39 236.75 145.22
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 59,429.81
Sub servicer fees 0.00
Trustee fees 759.36
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 95.932795% 100.000000% 291,374,562.49
-----------------------------------------------------------------------------
Junior 4.067205% 0.000000% 12,353,232.67
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,453,123.46
60 to 89 days 0 0.00
90 or more 1 409,672.13
Foreclosure 0 0.00
Totals: 7 2,862,795.59
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 37,234,954.21 37,234,954.21
Principal remittance amount 35,628,176.05 35,628,176.05
Interest remittance amount 1,606,778.16 1,606,778.16