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 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 September 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
September 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: September 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 September 20, 2003
Payment Date: 09/20/03
------------------------------------------------------------
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 115,128,723.46 6.448796% 16,258,591.99 617,139.63 16,875,731.62 0.00 1,561.77
A2 3,094,858.16 6.000000% 437,058.92 15,435.23 452,494.15 0.00 39.06
A3 8,871,926.72 3.500000% 1,252,902.25 25,811.13 1,278,713.38 0.00 65.32
A4 70,263,802.69 5.000000% 9,922,723.59 292,026.82 10,214,750.41 0.00 739.02
A5 15,474,290.79 4.500000% 2,185,294.62 57,882.11 2,243,176.73 0.00 146.48
A6 51,580,969.29 4.200000% 7,284,315.41 180,077.68 7,464,393.08 0.00 455.72
A7 170,217.20 4.500000% 24,038.24 636.70 24,674.94 0.00 1.61
AIO 149,456,064.85 1.845569% 0.00 229,279.32 229,279.32 0.00 580.23
Residual AR 0.00 6.448796% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.448796% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.448796% 0.00 0.00 0.00 0.00 0.00
2A1 164,593,639.09 5.747372% 24,642,718.73 786,327.44 25,429,046.17 0.00 1,989.93
2A2 6,583,685.03 5.747372% 985,699.69 31,452.81 1,017,152.50 0.00 79.60
3A1 24,220,406.43 7.232300% 2,959,999.20 145,605.89 3,105,605.09 0.00 368.48
4A1 33,771,969.94 4.698000% 3,081,772.16 131,883.51 3,213,655.67 0.00 333.75
4IO 33,771,969.94 0.578941% 0.00 16,252.19 16,252.19 0.00 41.13
BIO 0.00 0.000000% 0.00 19,434.06 19,434.06 0.00 49.18
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 13,752,879.20 4.544532% 942,901.92 51,952.19 994,854.11 0.00 131.47
B2 5,789,822.73 6.244532% 396,952.15 30,052.89 427,005.04 0.00 76.05
B3 2,894,911.36 6.244532% 198,476.07 15,026.45 213,502.52 0.00 38.03
B4 1,447,828.45 6.244532% 99,263.59 7,515.16 106,778.75 0.00 19.02
B5 1,447,082.91 6.244532% 99,212.48 7,511.29 106,723.77 0.00 19.01
B6 2,171,961.08 6.244532% 148,910.36 11,273.87 160,184.23 0.00 28.53
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 521,258,974.55 - 70,920,831.37 2,672,576.36 73,593,407.73 - 6,763.40
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 98,870,131.47 1,561.77
A2 2,657,799.23 39.06
A3 7,619,024.47 65.32
A4 60,341,079.11 739.02
A5 13,288,996.17 146.48
A6 44,296,653.88 455.72
A7 146,178.96 1.61
AIO 128,349,731.82 580.23
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 139,950,920.36 1,989.93
2A2 5,597,985.35 79.60
3A1 21,260,407.23 368.48
4A1 30,690,197.78 333.75
4IO 30,690,197.78 41.13
BIO 0.00 49.18
- --------------------------------------------------------------------------------
Subordinate B1 12,809,977.28 131.47
B2 5,392,870.58 76.05
B3 2,696,435.29 38.03
B4 1,348,564.86 19.02
B5 1,347,870.43 19.01
B6 2,023,050.72 28.53
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 450,338,143.18 6,763.40
- --------------------------------------------------------------------------------
Payment Date: 09/20/03
------------------------------------------------------------
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 115,128,723.46 6.448796% 06050HXK9 29.137262 1.105985 177.186616
A2 3,094,858.16 6.000000% 06050HXL7 29.137262 1.029015 177.186616
A3 8,871,926.72 3.500000% 06050HXM5 29.137262 0.600259 177.186616
A4 70,263,802.69 5.000000% 06050HXN3 29.137262 0.857513 177.186616
A5 15,474,290.79 4.500000% 06050HXP8 29.137262 0.771761 177.186616
A6 51,580,969.29 4.200000% 06050HXQ6 29.137262 0.720311 177.186616
A7 170,217.20 4.500000% 06050HXR4 29.137262 0.771761 177.186616
AIO 149,456,064.85 1.845569% 06050HXS2 0.000000 0.316520 177.186616
Residual AR 0.00 6.448796% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.448796% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.448796% 06050HXV5 0.000000 0.000000 0.000000
2A1 164,593,639.09 5.747372% 06050HXW3 56.639642 1.807321 321.667836
2A2 6,583,685.03 5.747372% 06050HXX1 56.639642 1.807321 321.667836
3A1 24,220,406.43 7.232300% 06050HXY9 41.175150 2.025455 295.743479
4A1 33,771,969.94 4.698000% 06050HXZ6 31.479741 1.347166 313.494773
4IO 33,771,969.94 0.578941% 06050HYA0 0.000000 0.166013 313.494773
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 13,752,879.20 4.544532% 06050HYC6 51.114106 2.816295 694.420626
B2 5,789,822.73 6.244532% 06050HYD4 51.114106 3.869803 694.420626
B3 2,894,911.36 6.244532% 06050HYE2 51.114106 3.869803 694.420626
B4 1,447,828.45 6.244532% 06050HYF9 51.114106 3.869803 694.420626
B5 1,447,082.91 6.244532% 06050HYG7 51.114106 3.869803 694.420626
B6 2,171,961.08 6.244532% 06050HYH5 51.114116 3.869804 694.420801
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 521,258,974.55 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 244,176,324.17 151,735,827.99 22,282,411.87
Loan count 519 317 46
Avg loan rate 6.698796% 5.997372% 7.482300%
Prepay amount 38,222,164.69 25,914,156.18 2,992,734.39
Total
-----
Prin balance 32,143,578.43 450,338,142.46
Loan count 67 949
Avg loan rate 5.651941% 6.43
Prepay amount 3,107,933.95 70,236,989.21
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 58,916.20 37,053.93 5,272.53
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 11,029.44 112,272.10
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 95.067368% 100.000000% 493,754,488.81
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Junior 4.932632% 0.000000% 25,618,769.16
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 4,500,660.03
60 to 89 days 3 1,412,670.44
90 or more 1 378,505.60
Foreclosure 1 789,353.13
Totals: 12 7,081,189.20
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 73,593,407.73 73,593,407.73
Principal remittance amount 70,920,831.37 70,920,831.37
Interest remittance amount 2,672,576.36 2,672,576.36