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 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 August 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
August 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: August 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 August 20, 2003
Payment Date: 08/20/03
------------------------------------------------------------
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 134,877,329.08 6.439799% 19,748,605.62 723,819.13 20,472,424.75 0.00 0.00
A2 3,625,734.65 6.000000% 530,876.50 18,128.67 549,005.17 0.00 0.00
A3 10,393,772.67 3.500000% 1,521,845.95 30,315.17 1,552,161.12 0.00 0.00
A4 82,316,504.11 5.000000% 12,052,701.42 342,985.43 12,395,686.85 0.00 0.00
A5 18,128,673.26 4.500000% 2,654,382.48 67,982.52 2,722,365.00 0.00 0.00
A6 60,428,910.88 4.200000% 8,847,941.59 211,501.19 9,059,442.77 0.00 0.00
A7 199,415.41 4.500000% 29,198.21 747.81 29,946.02 0.00 0.00
AIO 175,093,010.99 1.836572% 0.00 267,975.77 267,975.77 0.00 0.00
Residual AR 0.00 6.439799% 0.00 0.17 0.17 0.00 0.00
AMR 0.00 6.439799% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.439799% 0.00 0.00 0.00 0.00 0.00
2A1 192,495,500.69 5.753564% 27,901,861.61 922,945.92 28,824,807.52 0.00 0.00
2A2 7,699,749.24 5.753564% 1,116,064.20 36,917.50 1,152,981.70 0.00 0.00
3A1 28,586,719.18 7.228714% 4,366,312.75 172,204.35 4,538,517.10 0.00 0.00
4A1 38,697,773.29 4.698000% 4,925,803.35 151,501.78 5,077,305.13 0.00 0.00
4IO 38,697,773.29 0.583743% 0.00 18,824.63 18,824.63 0.00 0.00
BIO 0.00 0.000000% 0.00 20,980.97 20,980.97 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 14,810,094.22 4.540847% 1,057,215.02 56,041.97 1,113,257.00 0.00 0.00
B2 6,234,899.54 6.240847% 445,076.81 32,425.88 477,502.68 0.00 0.00
B3 3,117,449.77 6.240847% 222,538.40 16,212.94 238,751.34 0.00 0.00
B4 1,559,126.31 6.240847% 111,297.86 8,108.56 119,406.41 0.00 0.00
B5 1,558,323.46 6.240847% 111,240.55 8,104.38 119,344.93 0.00 0.00
B6 2,338,924.66 6.240847% 166,963.58 12,164.06 179,127.63 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 607,068,900.43 - 85,809,925.88 3,119,888.79 88,929,814.67 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 115,128,723.46 0.00
A2 3,094,858.16 0.00
A3 8,871,926.72 0.00
A4 70,263,802.69 0.00
A5 15,474,290.79 0.00
A6 51,580,969.29 0.00
A7 170,217.20 0.00
AIO 149,456,064.85 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 164,593,639.09 0.00
2A2 6,583,685.03 0.00
3A1 24,220,406.43 0.00
4A1 33,771,969.94 0.00
4IO 33,771,969.94 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 13,752,879.20 0.00
B2 5,789,822.73 0.00
B3 2,894,911.36 0.00
B4 1,447,828.45 0.00
B5 1,447,082.91 0.00
B6 2,171,961.08 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 521,258,974.55 -
- --------------------------------------------------------------------------------
Payment Date: 08/20/03
------------------------------------------------------------
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 134,877,329.08 6.439799% 06050HXK9 35.391766 1.297167 206.323877
A2 3,625,734.65 6.000000% 06050HXL7 35.391766 1.208578 206.323877
A3 10,393,772.67 3.500000% 06050HXM5 35.391766 0.705004 206.323877
A4 82,316,504.11 5.000000% 06050HXN3 35.391766 1.007149 206.323877
A5 18,128,673.26 4.500000% 06050HXP8 35.391766 0.906434 206.323877
A6 60,428,910.88 4.200000% 06050HXQ6 35.391766 0.846005 206.323877
A7 199,415.41 4.500000% 06050HXR4 35.391766 0.906434 206.323877
AIO 175,093,010.99 1.836572% 06050HXS2 0.000000 0.369940 206.323877
Residual AR 0.00 6.439799% 06050HXT0 0.000000 3.359679 0.000000
AMR 0.00 6.439799% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.439799% 06050HXV5 0.000000 0.000000 0.000000
2A1 192,495,500.69 5.753564% 06050HXW3 64.130564 2.121329 378.307478
2A2 7,699,749.24 5.753564% 06050HXX1 64.130564 2.121329 378.307478
3A1 28,586,719.18 7.228714% 06050HXY9 60.737714 2.395453 336.918629
4A1 38,697,773.29 4.698000% 06050HXZ6 50.316183 1.547563 344.974513
4IO 38,697,773.29 0.583743% 06050HYA0 0.000000 0.192290 344.974513
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 14,810,094.22 4.540847% 06050HYC6 57.310946 3.037999 745.534732
B2 6,234,899.54 6.240847% 06050HYD4 57.310946 4.175364 745.534732
B3 3,117,449.77 6.240847% 06050HYE2 57.310946 4.175364 745.534732
B4 1,559,126.31 6.240847% 06050HYF9 57.310946 4.175364 745.534732
B5 1,558,323.46 6.240847% 06050HYG7 57.310946 4.175364 745.534732
B6 2,338,924.66 6.240847% 06050HYH5 57.310960 4.175365 745.534917
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 607,068,900.43 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 282,797,772.48 177,858,843.49 25,308,142.65
Loan count 601 367 54
Avg loan rate 6.689799% 6.003564% 7.478714%
Prepay amount 46,325,078.52 29,296,027.10 4,417,895.41
Total
-----
Prin balance 35,294,215.22 521,258,973.84
Loan count 74 1096
Avg loan rate 5.656743% 6.43
Prepay amount 4,980,006.29 85,019,007.32
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 68,664.57 43,206.97 6,200.68
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 12,600.71 130,672.92
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 95.453463% 100.000000% 577,450,082.48
-----------------------------------------------------------------------------
Junior 4.546537% 0.000000% 27,504,485.74
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 4,341,167.15
60 to 89 days 2 848,857.95
90 or more 1 789,353.13
Foreclosure 0 0.00
Totals: 12 5,979,378.23
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 88,929,814.67 88,929,814.67
Principal remittance amount 85,809,925.88 85,809,925.88
Interest remittance amount 3,119,888.79 3,119,888.79