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): September 25, 2003
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-7)
(Exact name of registrant as specified in charter)
North Carolina 333-74544-19 61-1430176/0175
(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 2002-7
On September 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2002-7, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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 2002-7 relating to the distribution date of September
25, 2003 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of July 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: September 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 September 25, 2003
Payment Date: 09/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
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 40,000,000.00 6.250000% 0.00 206,858.80 206,858.80 0.00 1,474.54
1-A-2 25,084,000.00 6.500000% 0.00 134,910.00 134,910.00 0.00 961.67
1-A-3 21,840,000.00 6.500000% 0.00 117,462.70 117,462.70 0.00 837.30
1-A-4 5,753,255.94 5.500000% 5,753,255.94 26,182.46 5,779,438.39 0.00 186.63
1-A-5 3,191,812.97 1.660000% 3,191,812.97 4,384.09 3,196,197.06 0.00 31.25
1-A-6 3,191,812.97 6.840000% 0.00 18,064.57 18,064.57 0.00 128.77
1-A-7 1,500,000.00 7.250000% 1,500,000.00 8,998.36 1,508,998.36 0.00 64.14
1-A-8 400,000.00 6.250000% 400,000.00 2,068.59 402,068.59 0.00 14.75
1-A-9 400,000.00 6.250000% 400,000.00 2,068.59 402,068.59 0.00 14.75
1-A-10 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-11 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-12 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-13 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-14 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-15 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-16 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-17 350,000.00 6.250000% 350,000.00 1,810.01 351,810.01 0.00 12.90
1-A-18 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-19 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-20 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-21 400,000.00 6.500000% 400,000.00 2,151.33 402,151.33 0.00 15.34
1-A-22 400,000.00 6.500000% 400,000.00 2,151.33 402,151.33 0.00 15.34
1-A-23 400,000.00 6.500000% 400,000.00 2,151.33 402,151.33 0.00 15.34
1-A-24 400,000.00 6.500000% 400,000.00 2,151.33 402,151.33 0.00 15.34
1-A-25 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-26 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-27 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-28 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-29 300,000.00 6.250000% 300,000.00 1,551.44 301,551.44 0.00 11.06
1-A-30 300,000.00 6.250000% 207,251.00 1,551.44 208,802.44 0.00 11.06
1-A-31 1,500,000.00 7.000000% 0.00 8,688.07 8,688.07 0.00 61.93
1-A-32 1,500,000.00 6.000000% 0.00 7,446.92 7,446.92 0.00 53.08
1-A-33 3,000,000.00 6.500000% 0.00 16,134.99 16,134.99 0.00 115.01
1-A-34 2,500,000.00 6.500000% 0.00 13,445.82 13,445.82 0.00 95.84
1-A-35 600,000.00 7.250000% 569,083.67 3,599.34 572,683.01 0.00 25.66
1-A-36 840,493.42 5.750000% 840,493.42 3,998.86 844,492.28 0.00 28.50
1-A-37 1,000,000.00 6.250000% 0.00 5,171.47 5,171.47 0.00 36.86
1-A-38 1,576,923.08 6.500000% 0.00 8,481.21 8,481.21 0.00 60.46
Residual 1-A-R 0.00 6.500000% 0.00 0.10 0.10 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-IO 77,642,256.02 0.210398% 0.00 13,516.76 13,516.76 0.00 96.35
2-A-1 26,992,516.16 5.750000% 4,872,988.79 125,839.29 4,998,828.08 0.00 3,499.85
2-A-2 2,716,057.76 1.660000% 490,332.91 3,655.54 493,988.46 0.00 101.67
2-A-3 2,716,057.76 6.840000% 0.00 15,062.61 15,062.61 0.00 418.92
2-A-4 168,063.44 5.750000% 30,340.68 783.51 31,124.19 0.00 21.79
2-A-IO 23,839,562.15 0.306638% 0.00 5,926.91 5,926.91 0.00 164.84
1-A-PO 693,201.27 0.000000% 89,032.72 0.00 89,032.72 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 4,457,288.53 6.500000% 4,343.42 23,972.76 28,316.19 0.00 170.88
1-B-2 3,241,664.38 6.500000% 3,158.85 17,434.74 20,593.59 0.00 124.28
1-B-3 1,418,228.17 6.500000% 1,382.00 7,627.70 9,009.70 0.00 54.37
1-B-4 607,812.07 6.500000% 592.28 3,269.01 3,861.30 0.00 23.30
1-B-5 405,208.05 6.500000% 394.86 2,179.34 2,574.20 0.00 15.53
1-B-6 1,013,896.36 6.500000% 988.00 5,453.07 6,441.06 0.00 38.87
2-B-1 603,189.86 6.000000% 2,320.80 2,934.34 5,255.14 0.00 81.61
2-B-2 214,743.22 6.000000% 826.23 1,044.66 1,870.90 0.00 29.05
2-B-3 129,800.35 6.000000% 499.41 631.44 1,130.85 0.00 17.56
2-B-4 85,897.29 6.000000% 330.49 417.86 748.36 0.00 11.62
2-B-5 85,897.29 6.000000% 330.49 417.86 748.36 0.00 11.62
2-B-6 86,511.62 6.000000% 332.86 420.85 753.71 0.00 11.70
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 159,129,538.15 - 25,160,091.79 855,601.60 26,015,693.39 - 9,349.07
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 40,000,000.00 1,474.54
1-A-2 25,084,000.00 961.67
1-A-3 21,840,000.00 837.30
1-A-4 0.00 186.63
1-A-5 0.00 31.25
1-A-6 0.00 128.77
1-A-7 0.00 64.14
1-A-8 0.00 14.75
1-A-9 0.00 14.75
1-A-10 0.00 12.90
1-A-11 0.00 12.90
1-A-12 0.00 12.90
1-A-13 0.00 12.90
1-A-14 0.00 12.90
1-A-15 0.00 12.90
1-A-16 0.00 12.90
1-A-17 0.00 12.90
1-A-18 0.00 11.06
1-A-19 0.00 11.06
1-A-20 0.00 11.06
1-A-21 0.00 15.34
1-A-22 0.00 15.34
1-A-23 0.00 15.34
1-A-24 0.00 15.34
1-A-25 0.00 11.06
1-A-26 0.00 11.06
1-A-27 0.00 11.06
1-A-28 0.00 11.06
1-A-29 0.00 11.06
1-A-30 92,749.00 11.06
1-A-31 1,500,000.00 61.93
1-A-32 1,500,000.00 53.08
1-A-33 3,000,000.00 115.01
1-A-34 2,500,000.00 95.84
1-A-35 30,916.33 25.66
1-A-36 0.00 28.50
1-A-37 1,000,000.00 36.86
1-A-38 1,576,923.08 60.46
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-IO 66,039,055.99 96.35
2-A-1 22,119,527.36 3,499.85
2-A-2 2,225,724.85 101.67
2-A-3 2,225,724.85 418.92
2-A-4 137,722.76 21.79
2-A-IO 20,281,416.45 164.84
1-A-PO 604,168.55 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 4,452,945.11 170.88
1-B-2 3,238,505.53 124.28
1-B-3 1,416,846.17 54.37
1-B-4 607,219.79 23.30
1-B-5 404,813.19 15.53
1-B-6 1,012,908.37 38.87
2-B-1 600,869.06 81.61
2-B-2 213,916.99 29.05
2-B-3 129,300.94 17.56
2-B-4 85,566.80 11.62
2-B-5 85,566.80 11.62
2-B-6 86,178.76 11.70
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 133,969,446.36 9,349.07
- --------------------------------------------------------------------------------
Payment Date: 09/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
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 40,000,000.00 6.250000% 06050HNS3 0.000000 5.171470 1,000.000000
1-A-2 25,084,000.00 6.500000% 06050HNT1 0.000000 5.378329 1,000.000000
1-A-3 21,840,000.00 6.500000% 06050HNU8 0.000000 5.378329 1,000.000000
1-A-4 5,753,255.94 5.500000% 06050HNV6 33.619737 0.153000 0.000000
1-A-5 3,191,812.97 1.660000% 06050HNW4 33.619737 0.046178 0.000000
1-A-6 3,191,812.97 6.840000% 06050HNX2 0.000000 0.190276 0.000000
1-A-7 1,500,000.00 7.250000% 06050HNY0 1,000.000000 5.998905 0.000000
1-A-8 400,000.00 6.250000% 06050HNZ7 1,000.000000 5.171470 0.000000
1-A-9 400,000.00 6.250000% 06050HPA0 1,000.000000 5.171470 0.000000
1-A-10 350,000.00 6.250000% 06050HPB8 1,000.000000 5.171470 0.000000
1-A-11 350,000.00 6.250000% 06050HPC6 1,000.000000 5.171470 0.000000
1-A-12 350,000.00 6.250000% 06050HPD4 1,000.000000 5.171470 0.000000
1-A-13 350,000.00 6.250000% 06050HPE2 1,000.000000 5.171470 0.000000
1-A-14 350,000.00 6.250000% 06050HPF9 1,000.000000 5.171470 0.000000
1-A-15 350,000.00 6.250000% 06050HPG7 1,000.000000 5.171470 0.000000
1-A-16 350,000.00 6.250000% 06050HPH5 1,000.000000 5.171470 0.000000
1-A-17 350,000.00 6.250000% 06050HPJ1 1,000.000000 5.171470 0.000000
1-A-18 300,000.00 6.250000% 06050HPK8 1,000.000000 5.171470 0.000000
1-A-19 300,000.00 6.250000% 06050HPL6 1,000.000000 5.171470 0.000000
1-A-20 300,000.00 6.250000% 06050HPM4 1,000.000000 5.171470 0.000000
1-A-21 400,000.00 6.500000% 06050HPN2 1,000.000000 5.378329 0.000000
1-A-22 400,000.00 6.500000% 06050HPP7 1,000.000000 5.378329 0.000000
1-A-23 400,000.00 6.500000% 06050HPQ5 1,000.000000 5.378329 0.000000
1-A-24 400,000.00 6.500000% 06050HPR3 1,000.000000 5.378329 0.000000
1-A-25 300,000.00 6.250000% 06050HPS1 1,000.000000 5.171470 0.000000
1-A-26 300,000.00 6.250000% 06050HPT9 1,000.000000 5.171470 0.000000
1-A-27 300,000.00 6.250000% 06050HPU6 1,000.000000 5.171470 0.000000
1-A-28 300,000.00 6.250000% 06050HPV4 1,000.000000 5.171470 0.000000
1-A-29 300,000.00 6.250000% 06050HPW2 1,000.000000 5.171470 0.000000
1-A-30 300,000.00 6.250000% 06050HPX0 690.836651 5.171470 309.163349
1-A-31 1,500,000.00 7.000000% 06050HPY8 0.000000 5.792046 1,000.000000
1-A-32 1,500,000.00 6.000000% 06050HPZ5 0.000000 4.964611 1,000.000000
1-A-33 3,000,000.00 6.500000% 06050HQA9 0.000000 5.378329 1,000.000000
1-A-34 2,500,000.00 6.500000% 06050HQB7 0.000000 5.378329 1,000.000000
1-A-35 600,000.00 7.250000% 06050HQC5 948.472775 5.998905 51.527225
1-A-36 840,493.42 5.750000% 06050HQD3 33.619737 0.159954 0.000000
1-A-37 1,000,000.00 6.250000% 06050HQE1 0.000000 5.171470 1,000.000000
1-A-38 1,576,923.08 6.500000% 06050HQF8 0.000000 5.378329 1,000.000049
Residual 1-A-R 0.00 6.500000% 06050HQG6 0.000000 1.929777 0.000000
1-A-LR 0.00 6.500000% 06050HQH4 0.000000 0.000000 0.000000
1-A-IO 77,642,256.02 0.210398% 06050HQJ0 0.000000 0.052882 258.365589
2-A-1 26,992,516.16 5.750000% 06050HQK7 60.681357 1.567026 275.445519
2-A-2 2,716,057.76 1.660000% 06050HQL5 60.681357 0.452394 275.445519
2-A-3 2,716,057.76 6.840000% 06050HQM3 0.000000 1.864079 275.445519
2-A-4 168,063.44 5.750000% 06050HQN1 60.681357 1.567026 275.445519
2-A-IO 23,839,562.15 0.306638% 06050HQP6 0.000000 0.081276 278.118481
1-A-PO 693,201.27 0.000000% 06050HQQ4 67.829045 0.000000 460.282191
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 4,457,288.53 6.500000% 06050HQR2 0.963065 5.315468 987.349247
1-B-2 3,241,664.38 6.500000% 06050HQS0 0.963065 5.315468 987.349247
1-B-3 1,418,228.17 6.500000% 06050HQT8 0.963065 5.315468 987.349247
1-B-4 607,812.07 6.500000% 06050HRJ9 0.963065 5.315468 987.349247
1-B-5 405,208.05 6.500000% 06050HRK6 0.963065 5.315468 987.349247
1-B-6 1,013,896.36 6.500000% 06050HRL4 0.963065 5.315470 987.349473
2-B-1 603,189.86 6.000000% 06050HQU5 3.672148 4.642942 950.742185
2-B-2 214,743.22 6.000000% 06050HQV3 3.672148 4.642942 950.742185
2-B-3 129,800.35 6.000000% 06050HQW1 3.672148 4.642942 950.742185
2-B-4 85,897.29 6.000000% 06050HRM2 3.672148 4.642942 950.742185
2-B-5 85,897.29 6.000000% 06050HRN0 3.672148 4.642942 950.742185
2-B-6 86,511.62 6.000000% 06050HRP5 3.672159 4.642956 950.745021
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 159,129,538.15 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-7
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 108,246,877.44 25,722,568.35 133,969,445.79
Loan count 241 54 295
Avg loan rate 6.847411% 6.480309% 6.78
Prepay amount 19,635,893.74 5,279,658.02 24,915,551.76
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 0.00 0.00 0.00
Sub servicer fees 0.00 0.00 0.00
Trustee fees 320.02 77.80 397.82
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 92.247926% 100.000000% 146,779,400.95
-----------------------------------------------------------------------------
Junior 7.752074% 0.000000% 12,334,637.50
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 1,316,585.76
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 3 1,316,585.76
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 26,015,693.39 26,015,693.39
Principal remittance amount 25,160,091.79 25,160,091.79
Interest remittance amount 855,601.60 855,601.60