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 2002-10)
(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
On April 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-10, 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 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 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: 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 2002-10
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 1-A-1 54,845,147.45 6.000000% 19,880,821.47 274,225.74 20,155,047.21 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 3,963,000.00 6.000000% 1,437,000.00 19,815.00 1,456,815.00 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 27,114,605.97 1.955000% 2,476,596.20 44,174.21 2,520,770.42 0.00 0.00
1-A-18 27,114,605.97 6.545000% 0.00 147,887.58 147,887.58 0.00 0.00
1-A-19 13,058,949.23 5.750000% 1,303,010.06 62,574.13 1,365,584.19 0.00 0.00
1-A-20 0.00 4.750000% 0.00 0.00 0.00 0.00 0.00
1-A-21 48,770,169.34 4.750000% 4,454,573.91 193,048.59 4,647,622.49 0.00 0.00
1-A-22 10,655,741.68 5.750000% 1,139,354.37 51,058.76 1,190,413.13 0.00 0.00
1-A-23 474,431.95 5.750000% 50,728.16 2,273.32 53,001.48 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 51,436,879.13 3.000000% 521,437.17 128,592.20 650,029.37 0.00 0.00
1-A-28 39,164,308.17 2.750000% 236,682.33 89,751.54 326,433.87 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 57,082,529.32 6.000000% 0.00 285,412.65 285,412.65 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 4.40 4.40 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 427,314,698.65 0.322169% 0.00 114,722.80 114,722.80 0.00 0.00
2-A-1 67,748,072.97 5.000000% 5,644,827.53 282,283.64 5,927,111.17 0.00 0.00
2-A-2 22,363,808.28 5.500000% 3,436,302.83 102,500.79 3,538,803.62 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 11,489,539.03 1.805000% 957,318.24 17,282.18 974,600.43 0.00 0.00
2-A-6 11,489,539.03 6.695000% 0.00 64,102.05 64,102.05 0.00 0.00
2-A-7 1,189,162.86 5.000000% 99,082.07 4,954.85 104,036.91 0.00 0.00
2-A-WIO 122,279,662.76 0.398467% 0.00 40,603.63 40,603.63 0.00 0.00
1-A-PO 272,606.80 0.000000% 14,512.21 0.00 14,512.21 0.00 0.00
1-SES 0.00 0.000000% 0.00 49,170.51 49,170.51 0.00 46,995.63
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,227,015.67 6.000000% 5,949.28 31,135.08 37,084.36 0.00 0.00
1-B-2 2,989,086.97 6.000000% 2,855.77 14,945.43 17,801.20 0.00 0.00
1-B-3 1,494,045.80 6.000000% 1,427.41 7,470.23 8,897.64 0.00 0.00
1-B-4 996,362.32 6.000000% 951.92 4,981.81 5,933.73 0.00 0.00
1-B-5 747,520.58 6.000000% 714.18 3,737.60 4,451.78 0.00 0.00
1-B-6 747,505.07 6.000000% 714.17 3,737.53 4,451.69 0.00 0.00
2-B-1 1,032,988.01 5.500000% 3,893.13 4,734.53 8,627.66 0.00 0.00
2-B-2 295,560.26 5.500000% 1,113.91 1,354.65 2,468.56 0.00 0.00
2-B-3 220,933.75 5.500000% 832.66 1,012.61 1,845.27 0.00 0.00
2-B-4 73,644.58 5.500000% 277.55 337.54 615.09 0.00 0.00
2-B-5 73,644.58 5.500000% 277.55 337.54 615.09 0.00 0.00
2-B-6 148,211.51 5.500000% 558.58 679.30 1,237.88 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 576,996,032.93 - 41,671,812.66 3,036,654.49 44,708,467.15 - 46,995.63
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 34,964,325.98 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 2,526,000.00 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 24,638,009.76 0.00
1-A-18 24,638,009.76 0.00
1-A-19 11,755,939.17 0.00
1-A-20 0.00 0.00
1-A-21 44,315,595.43 0.00
1-A-22 9,516,387.31 0.00
1-A-23 423,703.80 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 50,915,441.96 0.00
1-A-28 38,927,625.84 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 56,693,607.81 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 397,245,279.75 0.00
2-A-1 62,103,245.43 0.00
2-A-2 18,927,505.45 0.00
2-A-3 15,000,000.00 0.00
2-A-4 3,878,000.00 0.00
2-A-5 10,532,220.79 0.00
2-A-6 10,532,220.79 0.00
2-A-7 1,090,080.79 0.00
2-A-WIO 112,140,423.83 0.00
1-A-PO 258,094.58 0.00
1-SES 0.00 46,995.63
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,221,066.39 0.00
1-B-2 2,986,231.20 0.00
1-B-3 1,492,618.39 0.00
1-B-4 995,410.40 0.00
1-B-5 746,806.40 0.00
1-B-6 746,790.90 0.00
2-B-1 1,029,094.88 0.00
2-B-2 294,446.35 0.00
2-B-3 220,101.09 0.00
2-B-4 73,367.03 0.00
2-B-5 73,367.03 0.00
2-B-6 147,652.93 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 535,324,220.27 46,995.63
- --------------------------------------------------------------------------------
Payment Date: 04/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10
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 1-A-1 54,845,147.45 6.000000% 06050HYJ1 239.476035 3.303208 421.165602
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 3,963,000.00 6.000000% 06050HYN2 239.500000 3.302500 421.000000
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 27,114,605.97 1.955000% 06050HZA9 80.398764 1.434046 799.833870
1-A-18 27,114,605.97 6.545000% 06050HZB7 0.000000 4.800935 799.833870
1-A-19 13,058,949.23 5.750000% 06050HZC5 86.867337 4.171609 783.729278
1-A-20 0.00 4.750000% 06050HZD3 0.000000 0.000000 0.000000
1-A-21 48,770,169.34 4.750000% 06050HZE1 89.091478 3.860972 886.311909
1-A-22 10,655,741.68 5.750000% 06050HZF8 92.233010 4.133309 770.370542
1-A-23 474,431.95 5.750000% 06050HZG6 92.233010 4.133309 770.370542
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 51,436,879.13 3.000000% 06050HZL5 9.787101 2.413608 955.656030
1-A-28 39,164,308.17 2.750000% 06050HZM3 5.917058 2.243788 973.190646
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 57,082,529.32 6.000000% 06050HZU5 0.000000 4.882541 969.855007
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 88.006903 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO427,314,698.65 0.322169% 06050HZX9 0.000000 0.242776 840.648575
2-A-1 67,748,072.97 5.000000% 06050HZY7 68.332462 3.417135 751.779857
2-A-2 22,363,808.28 5.500000% 06050HZZ4 109.401555 3.263317 602.594888
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 11,489,539.03 1.805000% 06050HA40 68.332462 1.233586 751.779857
2-A-6 11,489,539.03 6.695000% 06050HA57 0.000000 4.575543 751.779857
2-A-7 1,189,162.86 5.000000% 06050HA65 68.332462 3.417135 751.779857
2-A-WIO122,279,662.76 0.398467% 06050HA73 0.000000 0.272552 752.744186
1-A-PO 272,606.80 0.000000% 06050HA81 50.278684 0.000000 894.188602
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,227,015.67 6.000000% 06050HA99 0.950972 4.976835 994.415983
1-B-2 2,989,086.97 6.000000% 06050HB23 0.950972 4.976835 994.415983
1-B-3 1,494,045.80 6.000000% 06050HB31 0.950972 4.976835 994.415983
1-B-4 996,362.32 6.000000% 06050HB72 0.950972 4.976835 994.415983
1-B-5 747,520.58 6.000000% 06050HB80 0.950972 4.976835 994.415983
1-B-6 747,505.07 6.000000% 06050HB98 0.950972 4.976835 994.415983
2-B-1 1,032,988.01 5.500000% 06050HB49 3.700694 4.500502 978.227069
2-B-2 295,560.26 5.500000% 06050HB56 3.700694 4.500502 978.227069
2-B-3 220,933.75 5.500000% 06050HB64 3.700694 4.500502 978.227069
2-B-4 73,644.58 5.500000% 06050HC22 3.700694 4.500502 978.227069
2-B-5 73,644.58 5.500000% 06050HC30 3.700694 4.500502 978.227069
2-B-6 148,211.51 5.500000% 06050HC48 3.700698 4.500507 978.228005
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 576,996,032.93 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-10
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 421,955,461.58 113,369,752.16 535,325,213.74
Loan count 907 231 1138
Avg loan rate 6.552980% 6.147454% 6.47
Prepay amount 31,093,905.01 9,678,985.87 40,772,890.88
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 42,571.44 6,599.07 49,170.51
Sub servicer fees 0.00 0.00 0.00
Trustee fees 1,133.71 308.79 1,442.49
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 97.395569% 100.000000% 561,949,513.84
-----------------------------------------------------------------------------
Junior 2.604431% 0.000000% 15,026,952.99
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,550,391.63
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 4 1,550,391.63
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 44,708,467.15 44,708,467.15
Principal remittance amount 41,671,812.66 41,671,812.66
Interest remittance amount 3,036,654.49 3,036,654.49