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): November 25, 2003
BANK OF AMERICA MORTGAGE SECURITIES, INC.
(Depositor)
North Carolina 333-97547-04 61-1430148/Man
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
101 N. Tryon St. 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
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-9
On November 25, 2003, The Bank of New York, as Trustee for MORTGAGE PASS-THROUGH
CERTIFICATES made a monthly distribution of principal and/or interest to the
Holders of the Series 2002-9. The monthly distributions were made pursuant to
the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of September 1, 2002 by and among BANK OF AMERICA MORTGAGE
SECURITIES, INC. as Depositor, EquiCredit Corporation of America, as Transferor
and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks
Capital Corp., as Expected Successor Servicer and The Bank of New York, as
Trustee.
All capitalized terms used, but not defined herein, shall have the meanings
assigned to them in the Pooling and Servicing Agreement.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of Series 2002-9 relating to the
Distribution Date of November 25, 2003 prepared by the
Trustee pursuant to the terms of the Pooling and Servicing
Agreement.
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: November 25, 2003
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Report to Holders of Series 2002-9 relating to the
Distribution Date of November 25, 2003 prepared by the
Trustee pursuant to the terms of the Pooling and Servicing
Agreement.
99 Monthly Remittance Statement dated November 25, 2003
Payment Date: 11/25/03
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-9
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-A-1 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-2 0.00 5.000000% 0.00 0.00 0.00 0.00 0.00
1-A-3 0.00 1.670000% 0.00 0.00 0.00 0.00 0.00
1-A-4 0.00 6.830000% 0.00 0.00 0.00 0.00 0.00
1-A-5 9,899,302.88 6.250000% 1,477,281.62 51,558.87 1,528,840.49 0.00 0.00
1-A-6 5,000,000.00 6.250000% 0.00 26,041.67 26,041.67 0.00 0.00
1-A-7 52,677,662.41 6.250000% 7,701,822.32 274,362.83 7,976,185.14 0.00 0.00
1-A-8 25,000,000.00 6.000000% 0.00 125,000.00 125,000.00 0.00 0.00
1-A-9 720,000.00 6.250000% 0.00 3,750.00 3,750.00 0.00 0.00
1-A-10 0.00 1.670000% 0.00 0.00 0.00 0.00 0.00
1-A-11 0.00 6.830000% 0.00 0.00 0.00 0.00 0.00
1-A-12 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-13 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-14 0.00 5.500000% 0.00 0.00 0.00 0.00 0.00
1-A-15 54,000,000.00 6.250000% 0.00 281,250.00 281,250.00 0.00 0.00
1-A-16 6,000,000.00 6.250000% 0.00 31,250.00 31,250.00 0.00 0.00
Residual 1-A-R 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-MR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 97,621,204.00 0.205170% 0.00 16,690.77 16,690.77 0.00 0.00
2-A-1 39,391,360.40 5.750000% 2,094,187.97 188,750.27 2,282,938.24 0.00 0.00
2-A-WIO 38,561,729.84 0.252615% 0.00 8,117.73 8,117.73 0.00 0.00
3-A-1 45,513,645.26 6.000000% 4,708,982.66 227,568.23 4,936,550.89 0.00 0.00
3-A-WIO 42,770,563.91 0.412114% 0.00 14,688.63 14,688.63 0.00 0.00
1-A-PO 992,712.50 0.000000% 70,396.60 0.00 70,396.60 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 7,709,588.64 6.250000% 7,777.66 40,154.11 47,931.76 0.00 0.00
1-B-2 3,557,967.75 6.250000% 3,589.38 18,531.08 22,120.46 0.00 0.00
1-B-3 1,778,983.87 6.250000% 1,794.69 9,265.54 11,060.23 0.00 0.00
1-B-4 1,186,318.51 6.250000% 1,196.79 6,178.74 7,375.53 0.00 0.00
1-B-5 888,998.05 6.250000% 896.85 4,630.20 5,527.05 0.00 0.00
1-B-6 890,487.27 6.250000% 898.31 4,637.95 5,536.27 0.00 0.00
CB-1 2,890,707.16 5.898112% 12,982.99 14,208.10 27,191.08 0.00 0.00
CB-2 888,280.34 5.898112% 3,989.52 4,365.98 8,355.50 0.00 0.00
CB-3 667,159.27 5.898112% 2,996.40 3,279.15 6,275.55 0.00 0.00
CB-4 222,070.08 5.898112% 997.38 1,091.50 2,088.88 0.00 0.00
CB-5 223,019.10 5.898112% 1,001.64 1,096.16 2,097.80 0.00 0.00
CB-6 445,458.01 5.898112% 2,000.61 2,189.47 4,190.08 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 259,823,721.50 - 16,092,793.39 1,358,656.96 17,451,450.35 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A-1 0.00 0.00
1-A-2 0.00 0.00
1-A-3 0.00 0.00
1-A-4 0.00 0.00
1-A-5 8,422,021.25 0.00
1-A-6 5,000,000.00 0.00
1-A-7 44,975,840.09 0.00
1-A-8 25,000,000.00 0.00
1-A-9 720,000.00 0.00
1-A-10 0.00 0.00
1-A-11 0.00 0.00
1-A-12 0.00 0.00
1-A-13 0.00 0.00
1-A-14 0.00 0.00
1-A-15 54,000,000.00 0.00
1-A-16 6,000,000.00 0.00
Residual 1-A-R 0.00 0.00
1-A-MR 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 91,684,999.73 0.00
2-A-1 37,297,172.43 0.00
2-A-WIO 36,472,275.16 0.00
3-A-1 40,804,662.60 0.00
3-A-WIO 38,080,817.78 0.00
1-A-PO 922,315.90 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 7,701,810.98 0.00
1-B-2 3,554,378.37 0.00
1-B-3 1,777,189.18 0.00
1-B-4 1,185,121.72 0.00
1-B-5 888,101.20 0.00
1-B-6 889,588.96 0.00
CB-1 2,877,724.18 0.00
CB-2 884,290.82 0.00
CB-3 664,162.87 0.00
CB-4 221,072.70 0.00
CB-5 222,017.46 0.00
CB-6 443,457.39 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 243,730,928.11 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/03
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-9
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-A-1 0.00 6.250000% 06050HVW5 0.000000 0.000000 0.000000
1-A-2 0.00 5.000000% 06050HVX3 0.000000 0.000000 0.000000
1-A-3 0.00 1.670000% 06050HVY1 0.000000 0.000000 0.000000
1-A-4 0.00 6.830000% 06050HVZ8 0.000000 0.000000 0.000000
1-A-5 9,899,302.88 6.250000% 06050HWA2 144.973663 5.059752 826.498651
1-A-6 5,000,000.00 6.250000% 06050HWB0 0.000000 5.208333 1,000.000000
1-A-7 52,677,662.41 6.250000% 06050HWC8 136.646777 4.867782 797.967463
1-A-8 25,000,000.00 6.000000% 06050HXJ2 0.000000 5.000000 1,000.000000
1-A-9 720,000.00 6.250000% 06050HWD6 0.000000 5.208333 1,000.000000
1-A-10 0.00 1.670000% 06050HWE4 0.000000 0.000000 0.000000
1-A-11 0.00 6.830000% 06050HWF1 0.000000 0.000000 0.000000
1-A-12 0.00 6.000000% 06050HWG9 0.000000 0.000000 0.000000
1-A-13 0.00 6.250000% 06050HWH7 0.000000 0.000000 0.000000
1-A-14 0.00 5.500000% 06050HWJ3 0.000000 0.000000 0.000000
1-A-15 54,000,000.00 6.250000% 06050HWK0 0.000000 5.208333 1,000.000000
1-A-16 6,000,000.00 6.250000% 06050HWL8 0.000000 5.208333 1,000.000000
Residual 1-A-R 0.00 6.250000% 06050HWM6 0.000000 0.000000 0.000000
1-A-MR 0.00 6.250000% 06050HWN4 0.000000 0.000000 0.000000
1-A-LR 0.00 6.250000% 06050HWP9 0.000000 0.000000 0.000000
1-A-WIO 97,621,204.00 0.205170% 06050HWQ7 0.000000 0.045815 251.668292
2-A-1 39,391,360.40 5.750000% 06050HWR5 11.153180 1.005242 198.636454
2-A-WIO 38,561,729.84 0.252615% 06050HWS3 0.000000 0.044508 199.971515
3-A-1 45,513,645.26 6.000000% 06050HWT1 17.155889 0.829083 148.660614
3-A-WIO 42,770,563.91 0.412114% 06050HWU8 0.000000 0.058307 151.162457
1-A-PO 992,712.50 0.000000% 06050HWV6 29.565669 0.000000 387.360870
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 7,709,588.64 6.250000% 06050HWW4 0.996497 5.144665 986.779114
1-B-2 3,557,967.75 6.250000% 06050HWX2 0.996497 5.144665 986.779114
1-B-3 1,778,983.87 6.250000% 06050HWY0 0.996497 5.144665 986.779114
1-B-4 1,186,318.51 6.250000% 06050HXC7 0.996497 5.144665 986.779114
1-B-5 888,998.05 6.250000% 06050HXD5 0.996497 5.144665 986.779114
1-B-6 890,487.27 6.250000% 06050HXE3 0.996456 5.144667 986.779528
CB-1 2,890,707.16 5.898112% 06050HWZ7 4.262307 4.664509 944.755146
CB-2 888,280.34 5.898112% 06050HXA1 4.262307 4.664509 944.755146
CB-3 667,159.27 5.898112% 06050HXB9 4.262307 4.664509 944.755146
CB-4 222,070.08 5.898112% 06050HXF0 4.262307 4.664509 944.755146
CB-5 223,019.10 5.898112% 06050HXG8 4.262307 4.664509 944.755146
CB-6 445,458.01 5.898112% 06050HXH6 4.262175 4.664513 944.756058
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 259,823,721.50 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 160,127,156.92 39,478,046.60 44,125,723.77
Loan count 369 93 112
Avg loan rate 6.589631% 6.233231% 6.590270%
Prepay amount 9,093,729.63 1,935,172.67 4,490,391.25
Total
-----
Prin balance 243,730,927.29
Loan count 574
Avg loan rate 6.53
Prepay amount 15,519,293.55
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 17,972.13 4,390.22 2,616.18
Sub servicer fees 0.00 0.00 0.00
Trustee fees 141.16 34.65 40.71
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 24,978.53
Sub servicer fees 0.00
Trustee fees 216.52
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 91.797436% 100.000000% 238,474,683.44
-----------------------------------------------------------------------------
Junior 8.202564% 0.000000% 21,308,915.83
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,403,312.50
60 to 89 days 2 1,343,715.53
90 or more 0 0.00
Foreclosure 1 420,028.44
Totals: 7 3,167,056.47
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 17,451,450.35 17,451,450.35
Principal remittance amount 16,092,793.39 16,092,793.39
Interest remittance amount 1,358,656.96 1,358,656.96