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): August 25, 2003
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-2)
(Exact name of registrant as specified in charter)
North Carolina 333-74544-03 03-0403521/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 2002-2
On August 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-2, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of February 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 2002-2 relating to the distribution date of August
25, 2003 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of February 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: August 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 August 25, 2003
Payment Date: 08/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-2
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-A1 50,581,177.95 6.500000% 26,978,347.57 269,242.24 27,247,589.80 0.00 4,739.14
1-A2 25,356,000.00 6.500000% 0.00 134,969.30 134,969.30 0.00 2,375.70
1-A3 15,588,000.00 6.500000% 0.00 82,974.50 82,974.50 0.00 1,460.50
1-A4 3,112,000.00 6.500000% 0.00 16,565.09 16,565.09 0.00 291.58
1-A5 4,470,000.00 6.500000% 0.00 23,793.69 23,793.69 0.00 418.81
1-A6 1,200,000.00 6.500000% 0.00 6,387.57 6,387.57 0.00 112.43
1-A7 5,100,000.00 6.500000% 0.00 27,147.16 27,147.16 0.00 477.84
1-A8 35,000,000.00 6.500000% 0.00 186,304.05 186,304.05 0.00 3,279.28
Residual 1-AR 0.00 6.500000% 0.00 0.20 0.20 0.00 0.00
1-A-PO 3,167,696.77 0.000000% 464,953.49 0.00 464,953.49 0.00 0.00
2-A1 54,593,855.81 6.500000% 10,537,410.76 293,432.28 10,830,843.04 0.00 2,284.43
3-A1 46,762,295.54 6.000000% 10,754,016.20 228,365.40 10,982,381.60 0.00 5,446.08
3-A2 591,927.79 6.000000% 136,126.79 2,890.70 139,017.49 0.00 68.94
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B1 4,480,988.46 6.500000% 4,508.61 23,852.18 28,360.79 0.00 419.84
1-B2 1,895,954.26 6.500000% 1,907.64 10,092.11 11,999.76 0.00 177.64
1-B3 1,379,144.30 6.500000% 1,387.65 7,341.15 8,728.79 0.00 129.22
1-B4 516,809.96 6.500000% 520.00 2,750.97 3,270.96 0.00 48.42
1-B5 516,809.96 6.500000% 520.00 2,750.97 3,270.96 0.00 48.42
1-B6 690,232.34 6.500000% 694.49 3,674.09 4,368.58 0.00 64.67
2-B1 1,908,210.06 6.500000% 1,879.18 10,256.29 12,135.47 0.00 79.85
2-B2 806,410.75 6.500000% 794.14 4,334.31 5,128.46 0.00 33.74
2-B3 586,838.59 6.500000% 577.91 3,154.15 3,732.06 0.00 24.56
2-B4 220,556.79 6.500000% 217.20 1,185.45 1,402.65 0.00 9.23
2-B5 220,556.79 6.500000% 217.20 1,185.45 1,402.65 0.00 9.23
2-B6 294,134.80 6.500000% 289.66 1,580.92 1,870.58 0.00 12.31
3-B1 847,176.78 6.000000% 3,553.12 4,137.22 7,690.34 0.00 98.66
3-B2 352,207.64 6.000000% 1,477.18 1,720.02 3,197.20 0.00 41.02
3-B3 212,263.81 6.000000% 890.25 1,036.60 1,926.85 0.00 24.72
3-B4 140,883.06 6.000000% 590.87 688.01 1,278.88 0.00 16.41
3-B5 70,441.53 6.000000% 295.44 344.00 639.44 0.00 8.20
3-B6 141,437.86 6.000000% 593.20 690.72 1,283.92 0.00 16.47
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 260,804,011.59 - 48,891,768.54 1,352,846.79 50,244,615.33 - 22,217.35
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A1 23,602,830.38 4,739.14
1-A2 25,356,000.00 2,375.70
1-A3 15,588,000.00 1,460.50
1-A4 3,112,000.00 291.58
1-A5 4,470,000.00 418.81
1-A6 1,200,000.00 112.43
1-A7 5,100,000.00 477.84
1-A8 35,000,000.00 3,279.28
Residual 1-AR 0.00 0.00
1-A-PO 2,702,743.29 0.00
2-A1 44,056,445.05 2,284.43
3-A1 36,008,279.33 5,446.08
3-A2 455,801.00 68.94
- --------------------------------------------------------------------------------
Subordinate 1-B1 4,476,479.85 419.84
1-B2 1,894,046.62 177.64
1-B3 1,377,756.65 129.22
1-B4 516,289.97 48.42
1-B5 516,289.97 48.42
1-B6 689,537.86 64.67
2-B1 1,906,330.88 79.85
2-B2 805,616.61 33.74
2-B3 586,260.68 24.56
2-B4 220,339.59 9.23
2-B5 220,339.59 9.23
2-B6 293,845.14 12.31
3-B1 843,623.66 98.66
3-B2 350,730.46 41.02
3-B3 211,373.56 24.72
3-B4 140,292.18 16.41
3-B5 70,146.09 8.20
3-B6 140,844.66 16.47
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 211,912,243.05 22,217.35
- --------------------------------------------------------------------------------
Payment Date: 08/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-2
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-A1 50,581,177.95 6.500000% 06050HCX4 109.406127 1.091866 95.717288
1-A2 25,356,000.00 6.500000% 06050HCY2 0.000000 5.322973 1,000.000000
1-A3 15,588,000.00 6.500000% 06050HCZ9 0.000000 5.322973 1,000.000000
1-A4 3,112,000.00 6.500000% 06050HDA3 0.000000 5.322973 1,000.000000
1-A5 4,470,000.00 6.500000% 06050HDB1 0.000000 5.322973 1,000.000000
1-A6 1,200,000.00 6.500000% 06050HDC9 0.000000 5.322973 1,000.000000
1-A7 5,100,000.00 6.500000% 06050HDD7 0.000000 5.322973 1,000.000000
1-A8 35,000,000.00 6.500000% 06050HDE5 0.000000 5.322973 1,000.000000
Residual 1-AR 0.00 6.500000% 06050HDF2 0.000000 2.040982 0.000000
1-A-PO 3,167,696.77 0.000000% 06050HDU9 89.015079 0.000000 517.438658
2-A1 54,593,855.81 6.500000% 06050HDG0 73.167826 2.037484 305.911420
3-A1 46,762,295.54 6.000000% 06050HDH8 73.482746 1.560433 246.046426
3-A2 591,927.79 6.000000% 06050HDJ4 73.482746 1.560433 246.046426
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B1 4,480,988.46 6.500000% 06050HDK1 0.990469 5.239934 983.409458
1-B2 1,895,954.26 6.500000% 06050HDL9 0.990469 5.239934 983.409458
1-B3 1,379,144.30 6.500000% 06050HDM7 0.990469 5.239934 983.409458
1-B4 516,809.96 6.500000% 06050HDV7 0.990469 5.239934 983.409458
1-B5 516,809.96 6.500000% 06050HDW5 0.990469 5.239934 983.409458
1-B6 690,232.34 6.500000% 06050HDX3 0.990469 5.239936 983.409751
2-B1 1,908,210.06 6.500000% 06050HDN5 0.969648 5.292203 983.658863
2-B2 806,410.75 6.500000% 06050HDP0 0.969648 5.292203 983.658863
2-B3 586,838.59 6.500000% 06050HDQ8 0.969648 5.292203 983.658863
2-B4 220,556.79 6.500000% 06050HDY1 0.969648 5.292203 983.658863
2-B5 220,556.79 6.500000% 06050HDZ8 0.969648 5.292203 983.658863
2-B6 294,134.80 6.500000% 06050HEA2 0.969650 5.292212 983.660501
3-B1 847,176.78 6.000000% 06050HDR6 3.939156 4.586717 935.281221
3-B2 352,207.64 6.000000% 06050HDS4 3.939156 4.586717 935.281221
3-B3 212,263.81 6.000000% 06050HDT2 3.939156 4.586717 935.281221
3-B4 140,883.06 6.000000% 06050HEB0 3.939156 4.586717 935.281221
3-B5 70,441.53 6.000000% 06050HEC8 3.939156 4.586717 935.281221
3-B6 141,437.86 6.000000% 06050HED6 3.939160 4.586721 935.282021
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 260,804,011.59 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-2
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 125,080,085.83 48,535,127.86 38,297,028.51
Loan count 286 104 91
Avg loan rate 6.765125% 6.779169% 6.533403%
Prepay amount 27,183,200.07 10,583,565.69 10,706,730.66
Total
-----
Prin balance 211,912,242.20
Loan count 481
Avg loan rate 6.72
Prepay amount 48,473,496.42
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 1,199.24 1,797.04 6,235.97
Sub servicer fees 0.00 0.00 0.00
Trustee fees 381.04 147.94 123.03
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 9,232.25
Sub servicer fees 0.00
Trustee fees 652.01
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 94.148339% 100.000000% 245,522,953.85
-----------------------------------------------------------------------------
Junior 5.851661% 0.000000% 15,260,144.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 1,515,164.36
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 3 1,515,164.36
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 50,244,615.33 50,244,615.33
Principal remittance amount 48,891,768.54 48,891,768.54
Interest remittance amount 1,352,846.79 1,352,846.79