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): October 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 October 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
October 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: October 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 October 20, 2003
Payment Date: 10/20/03
------------------------------------------------------------
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 98,870,131.47 6.451065% 14,849,798.16 528,355.01 15,378,153.17 0.00 3,159.67
A2 2,657,799.23 6.000000% 399,188.12 13,210.00 412,398.12 0.00 79.00
A3 7,619,024.47 3.500000% 1,144,339.28 22,090.05 1,166,429.34 0.00 132.10
A4 60,341,079.11 5.000000% 9,062,927.62 249,926.55 9,312,854.17 0.00 1,494.61
A5 13,288,996.17 4.500000% 1,995,940.61 49,537.49 2,045,478.10 0.00 296.24
A6 44,296,653.88 4.200000% 6,653,135.38 154,116.64 6,807,252.02 0.00 921.65
A7 146,178.96 4.500000% 21,955.35 544.91 22,500.26 0.00 3.26
AIO 128,349,731.82 1.847837% 0.00 196,466.27 196,466.27 0.00 1,174.91
Residual AR 0.00 6.451065% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.451065% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.451065% 0.00 0.00 0.00 0.00 0.00
2A1 139,950,920.36 5.770424% 22,722,710.72 668,979.54 23,391,690.26 0.00 4,000.63
2A2 5,597,985.35 5.770424% 908,900.07 26,758.94 935,659.01 0.00 160.02
3A1 21,260,407.23 7.312873% 2,624,234.58 128,792.02 2,753,026.60 0.00 770.20
4A1 30,690,197.78 4.698000% 2,076,331.61 119,437.86 2,195,769.47 0.00 714.26
4IO 30,690,197.78 0.590128% 0.00 15,002.91 15,002.91 0.00 89.72
BIO 0.00 0.000000% 0.00 18,039.59 18,039.59 0.00 107.88
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Subordinate B1 12,809,977.28 4.555096% 923,502.59 48,336.50 971,839.09 0.00 289.06
B2 5,392,870.58 6.255096% 388,785.23 27,943.66 416,728.89 0.00 167.11
B3 2,696,435.29 6.255096% 194,392.61 13,971.83 208,364.44 0.00 83.55
B4 1,348,564.86 6.255096% 97,221.34 6,987.71 104,209.05 0.00 41.79
B5 1,347,870.43 6.255096% 97,171.28 6,984.12 104,155.39 0.00 41.77
B6 2,023,050.72 6.255096% 145,846.47 10,482.62 156,329.10 0.00 62.69
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- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 450,338,143.18 - 64,306,381.01 2,305,964.23 66,612,345.23 - 13,790.13
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 84,020,333.31 3,159.67
A2 2,258,611.11 79.00
A3 6,474,685.18 132.10
A4 51,278,151.49 1,494.61
A5 11,293,055.55 296.24
A6 37,643,518.51 921.65
A7 124,223.61 3.26
AIO 109,072,245.46 1,174.91
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 117,228,209.64 4,000.63
2A2 4,689,085.28 160.02
3A1 18,636,172.66 770.20
4A1 28,613,866.18 714.26
4IO 28,613,866.18 89.72
BIO 0.00 107.88
- --------------------------------------------------------------------------------
Subordinate B1 11,886,474.69 289.06
B2 5,004,085.35 167.11
B3 2,502,042.68 83.55
B4 1,251,343.52 41.79
B5 1,250,699.16 41.77
B6 1,877,204.25 62.69
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 386,031,762.17 13,790.13
- --------------------------------------------------------------------------------
Payment Date: 10/20/03
------------------------------------------------------------
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 98,870,131.47 6.451065% 06050HXK9 26.612542 0.946873 150.574074
A2 2,657,799.23 6.000000% 06050HXL7 26.612542 0.880667 150.574074
A3 7,619,024.47 3.500000% 06050HXM5 26.612542 0.513722 150.574074
A4 60,341,079.11 5.000000% 06050HXN3 26.612542 0.733889 150.574074
A5 13,288,996.17 4.500000% 06050HXP8 26.612542 0.660500 150.574074
A6 44,296,653.88 4.200000% 06050HXQ6 26.612542 0.616467 150.574074
A7 146,178.96 4.500000% 06050HXR4 26.612542 0.660500 150.574074
AIO 128,349,731.82 1.847837% 06050HXS2 0.000000 0.271221 150.574074
Residual AR 0.00 6.451065% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.451065% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.451065% 06050HXV5 0.000000 0.000000 0.000000
2A1 139,950,920.36 5.770424% 06050HXW3 52.226632 1.537605 269.441204
2A2 5,597,985.35 5.770424% 06050HXX1 52.226632 1.537605 269.441204
3A1 21,260,407.23 7.312873% 06050HXY9 36.504487 1.791565 259.238992
4A1 30,690,197.78 4.698000% 06050HXZ6 21.209349 1.220036 292.285424
4IO 30,690,197.78 0.590128% 06050HYA0 0.000000 0.153252 292.285424
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,809,977.28 4.555096% 06050HYC6 50.062481 2.620290 644.358145
B2 5,392,870.58 6.255096% 06050HYD4 50.062481 3.598205 644.358145
B3 2,696,435.29 6.255096% 06050HYE2 50.062481 3.598205 644.358145
B4 1,348,564.86 6.255096% 06050HYF9 50.062481 3.598205 644.358145
B5 1,347,870.43 6.255096% 06050HYG7 50.062481 3.598205 644.358145
B6 2,023,050.72 6.255096% 06050HYH5 50.062424 3.598206 644.358377
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 450,338,143.18 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 208,808,899.33 127,608,666.45 19,595,882.93
Loan count 446 277 39
Avg loan rate 6.701065% 6.020424% 7.562873%
Prepay amount 35,018,327.62 23,947,309.00 2,656,693.18
Total
-----
Prin balance 30,018,312.54 386,031,761.25
Loan count 62 824
Avg loan rate 5.663128% 6.44
Prepay amount 2,086,029.36 63,708,359.15
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 50,870.07 31,611.63 4,642.17
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 10,044.87 97,168.74
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 94.699595% 100.000000% 424,719,374.01
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Junior 5.300405% 0.000000% 23,771,849.65
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 5,104,168.90
60 to 89 days 0 0.00
90 or more 5 2,647,798.79
Foreclosure 0 0.00
Totals: 15 7,751,967.69
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 66,612,345.23 66,612,345.23
Principal remittance amount 64,306,381.01 64,306,381.01
Interest remittance amount 2,305,964.23 2,305,964.23