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): July 20, 2003
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-97547-05 61-1430151/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-K Trust
On July 20, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-K Trust, 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 Trust relating to the distribution date of
July 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: July 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 July 20, 2003
Payment Date: 07/20/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K 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 A1 155,542,343.95 6.433495% 20,665,014.87 833,900.75 21,498,915.63 0.00 0.00
A2 4,181,245.81 6.000000% 555,511.15 20,906.23 576,417.38 0.00 0.00
A3 11,986,237.98 3.500000% 1,592,465.30 34,959.86 1,627,425.16 0.00 0.00
A4 94,928,496.01 5.000000% 12,611,991.90 395,535.40 13,007,527.30 0.00 0.00
A5 20,906,229.03 4.500000% 2,777,555.76 78,398.36 2,855,954.12 0.00 0.00
A6 69,687,430.09 4.200000% 9,258,519.21 243,906.01 9,502,425.21 0.00 0.00
A7 229,968.52 4.500000% 30,553.11 862.38 31,415.50 0.00 0.00
AIO 201,919,607.43 1.830268% 0.00 307,972.43 307,972.43 0.00 0.00
Residual AR 0.00 6.433495% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.433495% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.433495% 0.00 0.00 0.00 0.00 0.00
2A1 213,456,474.41 5.769705% 20,960,973.72 1,026,317.44 21,987,291.16 0.00 0.00
2A2 8,538,180.48 5.769705% 838,431.24 41,052.32 879,483.56 0.00 0.00
3A1 31,313,318.55 7.212612% 2,726,599.37 188,209.03 2,914,808.39 0.00 0.00
4A1 43,158,834.73 4.698000% 4,461,061.43 168,966.84 4,630,028.27 0.00 0.00
4IO 43,158,834.73 0.575992% 0.00 20,715.96 20,715.96 0.00 0.00
BIO 0.00 0.000000% 0.00 22,313.07 22,313.07 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 15,750,402.04 4.541403% 940,307.82 59,607.43 999,915.25 0.00 0.00
B2 6,630,759.59 6.241403% 395,860.06 34,487.70 430,347.76 0.00 0.00
B3 3,315,379.80 6.241403% 197,930.03 17,243.85 215,173.88 0.00 0.00
B4 1,658,116.81 6.241403% 98,990.50 8,624.15 107,614.65 0.00 0.00
B5 1,657,262.99 6.241403% 98,939.53 8,619.70 107,559.23 0.00 0.00
B6 2,487,425.30 6.241403% 148,500.64 12,937.52 161,438.16 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 685,428,106.08 - 78,359,205.65 3,525,536.43 81,884,742.08 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 134,877,329.08 0.00
A2 3,625,734.65 0.00
A3 10,393,772.67 0.00
A4 82,316,504.11 0.00
A5 18,128,673.26 0.00
A6 60,428,910.88 0.00
A7 199,415.41 0.00
AIO 175,093,010.99 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 192,495,500.69 0.00
2A2 7,699,749.24 0.00
3A1 28,586,719.18 0.00
4A1 38,697,773.29 0.00
4IO 38,697,773.29 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 14,810,094.22 0.00
B2 6,234,899.54 0.00
B3 3,117,449.77 0.00
B4 1,559,126.31 0.00
B5 1,558,323.46 0.00
B6 2,338,924.66 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 607,068,900.43 -
- --------------------------------------------------------------------------------
Payment Date: 07/20/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K 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 A1 155,542,343.95 6.433495% 06050HXK9 37.034077 1.494446 241.715644
A2 4,181,245.81 6.000000% 06050HXL7 37.034077 1.393749 241.715644
A3 11,986,237.98 3.500000% 06050HXM5 37.034077 0.813020 241.715644
A4 94,928,496.01 5.000000% 06050HXN3 37.034077 1.161457 241.715644
A5 20,906,229.03 4.500000% 06050HXP8 37.034077 1.045311 241.715644
A6 69,687,430.09 4.200000% 06050HXQ6 37.034077 0.975624 241.715644
A7 229,968.52 4.500000% 06050HXR4 37.034077 1.045311 241.715644
AIO 201,919,607.43 1.830268% 06050HXS2 0.000000 0.425155 241.715644
Residual AR 0.00 6.433495% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.433495% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.433495% 06050HXV5 0.000000 0.000000 0.000000
2A1 213,456,474.41 5.769705% 06050HXW3 48.177397 2.358922 442.438042
2A2 8,538,180.48 5.769705% 06050HXX1 48.177397 2.358922 442.438042
3A1 31,313,318.55 7.212612% 06050HXY9 37.928435 2.618087 397.656343
4A1 43,158,834.73 4.698000% 06050HXZ6 45.568929 1.725965 395.290696
4IO 43,158,834.73 0.575992% 06050HYA0 0.000000 0.211610 395.290696
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 15,750,402.04 4.541403% 06050HYC6 50.973482 3.231281 802.845678
B2 6,630,759.59 6.241403% 06050HYD4 50.973482 4.440858 802.845678
B3 3,315,379.80 6.241403% 06050HYE2 50.973482 4.440858 802.845678
B4 1,658,116.81 6.241403% 06050HYF9 50.973482 4.440858 802.845678
B5 1,657,262.99 6.241403% 06050HYG7 50.973482 4.440858 802.845678
B6 2,487,425.30 6.241403% 06050HYH5 50.973479 4.440859 802.845877
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 685,428,106.08 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 329,589,931.13 207,393,452.59 29,763,244.71
Loan count 705 423 63
Avg loan rate 6.683495% 6.019705% 7.462612%
Prepay amount 48,329,242.23 21,907,093.30 2,740,058.59
Total
-----
Prin balance 40,322,271.29 607,068,899.72
Loan count 82 1273
Avg loan rate 5.648992% 6.43
Prepay amount 4,495,899.28 77,472,293.40
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 78,844.01 47,825.54 6,779.82
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 14,022.23 147,471.60
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 95.666897% 100.000000% 653,928,759.55
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Junior 4.333103% 0.000000% 29,618,817.95
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 8 4,256,396.71
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 1 789,353.13
Totals: 9 5,045,749.84
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 81,884,742.08 81,884,742.08
Principal remittance amount 78,359,205.65 78,359,205.65
Interest remittance amount 3,525,536.43 3,525,536.43