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)
Delaware 333-97547-06 61-1430166/0169
(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 2002-10
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 2002-10. The monthly distributions were made pursuant to
the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of October 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 2002-10 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 2002-10 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 2002-10
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 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-2 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-3 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-4 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-5 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-6 1,121,916.67 6.000000% 0.00 5,609.58 5,609.58 0.00 0.00
1-A-7 4,218,000.00 5.500000% 0.00 19,332.50 19,332.50 0.00 0.00
1-A-8 2,862,000.00 5.500000% 0.00 13,117.50 13,117.50 0.00 0.00
1-A-9 3,013,000.00 5.500000% 0.00 13,809.58 13,809.58 0.00 0.00
1-A-10 1,657,000.00 5.500000% 0.00 7,594.58 7,594.58 0.00 0.00
1-A-11 755,000.00 5.500000% 0.00 3,460.42 3,460.42 0.00 0.00
1-A-12 958,000.00 5.500000% 0.00 4,390.83 4,390.83 0.00 0.00
1-A-13 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-14 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-15 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-16 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-17 7,902,739.51 1.770000% 997,843.58 11,656.54 1,009,500.12 0.00 0.00
1-A-18 7,902,739.51 6.730000% 0.00 44,321.20 44,321.20 0.00 0.00
1-A-19 2,951,021.57 5.750000% 524,994.84 14,140.31 539,135.15 0.00 0.00
1-A-20 0.00 4.750000% 0.00 0.00 0.00 0.00 0.00
1-A-21 14,214,403.30 4.750000% 1,794,789.14 56,265.35 1,851,054.48 0.00 0.00
1-A-22 1,817,351.34 5.750000% 459,056.44 8,708.14 467,764.58 0.00 0.00
1-A-23 80,915.02 5.750000% 20,438.84 387.72 20,826.56 0.00 0.00
1-A-24 797,000.00 5.750000% 0.00 3,818.96 3,818.96 0.00 0.00
1-A-25 2,309,091.00 5.750000% 0.00 11,064.39 11,064.39 0.00 0.00
1-A-26 15,000,000.00 6.000000% 0.00 75,000.00 75,000.00 0.00 0.00
1-A-27 5,981,279.76 3.000000% 5,981,279.76 14,953.20 5,996,232.96 0.00 0.00
1-A-28 18,531,837.26 2.750000% 2,776,846.22 42,468.79 2,819,315.01 0.00 0.00
1-A-29 8,636,000.00 4.500000% 136,417.43 32,385.00 168,802.43 0.00 0.00
1-A-30 1,543,074.00 4.750000% 0.00 6,108.00 6,108.00 0.00 0.00
1-A-31 11,356,926.00 5.250000% 0.00 49,686.55 49,686.55 0.00 0.00
1-A-32 75,000,000.00 5.500000% 0.00 343,750.00 343,750.00 0.00 0.00
1-A-33 15,817,000.00 6.000000% 0.00 79,085.00 79,085.00 0.00 0.00
1-A-34 250,000.00 6.000000% 0.00 1,250.00 1,250.00 0.00 0.00
1-A-35 23,178,807.89 6.000000% 0.00 115,894.04 115,894.04 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 0.15 0.15 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 192,639,142.35 0.314140% 0.00 50,429.77 50,429.77 0.00 0.00
2-A-1 22,390,808.06 5.000000% 527,098.49 93,295.03 620,393.53 0.00 0.00
2-A-2 0.00 5.500000% 0.00 0.00 0.00 0.00 0.00
2-A-3 9,752,460.22 5.500000% 320,872.52 44,698.78 365,571.30 0.00 0.00
2-A-4 3,878,000.00 5.500000% 0.00 17,774.17 17,774.17 0.00 0.00
2-A-5 3,797,304.51 1.620000% 89,391.75 5,126.36 94,518.11 0.00 0.00
2-A-6 3,797,304.51 6.880000% 0.00 21,771.21 21,771.21 0.00 0.00
2-A-7 393,019.55 5.000000% 9,252.01 1,637.58 10,889.59 0.00 0.00
2-A-WIO 41,294,392.29 0.372814% 0.00 12,829.26 12,829.26 0.00 0.00
1-A-PO 207,112.76 0.000000% 392.61 0.00 392.61 0.00 0.00
1-SES 0.00 0.000000% 0.00 34,443.42 34,443.42 0.00 7,386.05
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,184,320.19 6.000000% 6,289.57 30,921.60 37,211.17 0.00 0.00
1-B-2 2,968,592.32 6.000000% 3,019.11 14,842.96 17,862.07 0.00 0.00
1-B-3 1,483,801.89 6.000000% 1,509.05 7,419.01 8,928.06 0.00 0.00
1-B-4 989,530.77 6.000000% 1,006.37 4,947.65 5,954.02 0.00 0.00
1-B-5 742,395.21 6.000000% 755.03 3,711.98 4,467.01 0.00 0.00
1-B-6 742,379.95 6.000000% 755.01 3,711.90 4,466.91 0.00 0.00
2-B-1 1,005,261.90 5.500000% 3,999.55 4,607.45 8,607.00 0.00 0.00
2-B-2 287,627.22 5.500000% 1,144.36 1,318.29 2,462.65 0.00 0.00
2-B-3 215,003.73 5.500000% 855.42 985.43 1,840.85 0.00 0.00
2-B-4 71,667.91 5.500000% 285.14 328.48 613.62 0.00 0.00
2-B-5 71,667.91 5.500000% 285.14 328.48 613.62 0.00 0.00
2-B-6 144,233.56 5.500000% 573.85 661.07 1,234.92 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 250,976,826.43 - 13,659,151.23 1,334,048.23 14,993,199.46 - 7,386.05
- ----------------------------------------------------------------------------------------------------------------------------------
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 0.00 0.00
1-A-6 1,121,916.67 0.00
1-A-7 4,218,000.00 0.00
1-A-8 2,862,000.00 0.00
1-A-9 3,013,000.00 0.00
1-A-10 1,657,000.00 0.00
1-A-11 755,000.00 0.00
1-A-12 958,000.00 0.00
1-A-13 0.00 0.00
1-A-14 0.00 0.00
1-A-15 0.00 0.00
1-A-16 0.00 0.00
1-A-17 6,904,895.94 0.00
1-A-18 6,904,895.94 0.00
1-A-19 2,426,026.73 0.00
1-A-20 0.00 0.00
1-A-21 12,419,614.16 0.00
1-A-22 1,358,294.90 0.00
1-A-23 60,476.18 0.00
1-A-24 797,000.00 0.00
1-A-25 2,309,091.00 0.00
1-A-26 15,000,000.00 0.00
1-A-27 0.00 0.00
1-A-28 15,754,991.04 0.00
1-A-29 8,499,582.57 0.00
1-A-30 1,543,074.00 0.00
1-A-31 11,356,926.00 0.00
1-A-32 75,000,000.00 0.00
1-A-33 15,817,000.00 0.00
1-A-34 250,000.00 0.00
1-A-35 18,649,938.62 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 180,257,843.40 0.00
2-A-1 21,863,709.57 0.00
2-A-2 0.00 0.00
2-A-3 9,431,587.70 0.00
2-A-4 3,878,000.00 0.00
2-A-5 3,707,912.76 0.00
2-A-6 3,707,912.76 0.00
2-A-7 383,767.54 0.00
2-A-WIO 40,343,842.10 0.00
1-A-PO 206,720.15 0.00
1-SES 0.00 7,386.05
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,178,030.62 0.00
1-B-2 2,965,573.20 0.00
1-B-3 1,482,292.83 0.00
1-B-4 988,524.40 0.00
1-B-5 741,640.18 0.00
1-B-6 741,624.94 0.00
2-B-1 1,001,262.35 0.00
2-B-2 286,482.86 0.00
2-B-3 214,148.32 0.00
2-B-4 71,382.77 0.00
2-B-5 71,382.77 0.00
2-B-6 143,659.71 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 237,317,675.20 7,386.05
- --------------------------------------------------------------------------------
Payment Date: 11/25/03
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-10
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 6.000000% 06050HYJ1 0.000000 0.000000 0.000000
1-A-2 0.00 6.000000% 06050HYK8 0.000000 0.000000 0.000000
1-A-3 0.00 6.000000% 06050HYL6 0.000000 0.000000 0.000000
1-A-4 0.00 6.000000% 06050HYM4 0.000000 0.000000 0.000000
1-A-5 0.00 6.000000% 06050HYN2 0.000000 0.000000 0.000000
1-A-6 1,121,916.67 6.000000% 06050HYP7 0.000000 5.000000 1,000.000000
1-A-7 4,218,000.00 5.500000% 06050HYQ5 0.000000 4.583333 1,000.000000
1-A-8 2,862,000.00 5.500000% 06050HYR3 0.000000 4.583333 1,000.000000
1-A-9 3,013,000.00 5.500000% 06050HYS1 0.000000 4.583333 1,000.000000
1-A-10 1,657,000.00 5.500000% 06050HYT9 0.000000 4.583333 1,000.000000
1-A-11 755,000.00 5.500000% 06050HYU6 0.000000 4.583333 1,000.000000
1-A-12 958,000.00 5.500000% 06050HYV4 0.000000 4.583333 1,000.000000
1-A-13 0.00 6.000000% 06050HYW2 0.000000 0.000000 0.000000
1-A-14 0.00 6.000000% 06050HYX0 0.000000 0.000000 0.000000
1-A-15 0.00 6.000000% 06050HYY8 0.000000 0.000000 0.000000
1-A-16 0.00 6.000000% 06050HYZ5 0.000000 0.000000 0.000000
1-A-17 7,902,739.51 1.770000% 06050HZA9 32.393408 0.378411 224.156484
1-A-18 7,902,739.51 6.730000% 06050HZB7 0.000000 1.438817 224.156484
1-A-19 2,951,021.57 5.750000% 06050HZC5 34.999656 0.942687 161.735115
1-A-20 0.00 4.750000% 06050HZD3 0.000000 0.000000 0.000000
1-A-21 14,214,403.30 4.750000% 06050HZE1 35.895783 1.125307 248.392283
1-A-22 1,817,351.34 5.750000% 06050HZF8 37.161535 0.704941 109.956683
1-A-23 80,915.02 5.750000% 06050HZG6 37.161535 0.704941 109.956683
1-A-24 797,000.00 5.750000% 06050HZH4 0.000000 4.791667 1,000.000000
1-A-25 2,309,091.00 5.750000% 06050HZJ0 0.000000 4.791667 1,000.000000
1-A-26 15,000,000.00 6.000000% 06050HZK7 0.000000 5.000000 1,000.000000
1-A-27 5,981,279.76 3.000000% 06050HZL5 112.265471 0.280664 0.000000
1-A-28 18,531,837.26 2.750000% 06050HZM3 69.421155 1.061720 393.874776
1-A-29 8,636,000.00 4.500000% 06050HZN1 15.796368 3.750000 984.203632
1-A-30 1,543,074.00 4.750000% 06050HZP6 0.000000 3.958333 1,000.000000
1-A-31 11,356,926.00 5.250000% 06050HZQ4 0.000000 4.375000 1,000.000000
1-A-32 75,000,000.00 5.500000% 06050HZR2 0.000000 4.583333 1,000.000000
1-A-33 15,817,000.00 6.000000% 06050HZS0 0.000000 5.000000 1,000.000000
1-A-34 250,000.00 6.000000% 06050HZT8 0.000000 5.000000 1,000.000000
1-A-35 23,178,807.89 6.000000% 06050HZU5 0.000000 1.982594 319.043664
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 2.917968 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO192,639,142.35 0.314140% 06050HZX9 0.000000 0.106719 381.460792
2-A-1 22,390,808.06 5.000000% 06050HZY7 6.380698 1.129367 264.667270
2-A-2 0.00 5.500000% 06050HZZ4 0.000000 0.000000 0.000000
2-A-3 9,752,460.22 5.500000% 06050HA24 21.391501 2.979918 628.772513
2-A-4 3,878,000.00 5.500000% 06050HA32 0.000000 4.583333 1,000.000000
2-A-5 3,797,304.51 1.620000% 06050HA40 6.380698 0.365915 264.667270
2-A-6 3,797,304.51 6.880000% 06050HA57 0.000000 1.554008 264.667270
2-A-7 393,019.55 5.000000% 06050HA65 6.380698 1.129367 264.667270
2-A-WIO 41,294,392.29 0.372814% 06050HA73 0.000000 0.086117 270.808613
1-A-PO 207,112.76 0.000000% 06050HA81 1.360218 0.000000 716.197917
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,184,320.19 6.000000% 06050HA99 1.005366 4.942711 987.536864
1-B-2 2,968,592.32 6.000000% 06050HB23 1.005366 4.942711 987.536864
1-B-3 1,483,801.89 6.000000% 06050HB31 1.005366 4.942711 987.536864
1-B-4 989,530.77 6.000000% 06050HB72 1.005366 4.942711 987.536864
1-B-5 742,395.21 6.000000% 06050HB80 1.005366 4.942711 987.536864
1-B-6 742,379.95 6.000000% 06050HB98 1.005366 4.942712 987.537062
2-B-1 1,005,261.90 5.500000% 06050HB49 3.801856 4.379706 951.770292
2-B-2 287,627.22 5.500000% 06050HB56 3.801856 4.379706 951.770292
2-B-3 215,003.73 5.500000% 06050HB64 3.801856 4.379706 951.770292
2-B-4 71,667.91 5.500000% 06050HC22 3.801856 4.379706 951.770292
2-B-5 71,667.91 5.500000% 06050HC30 3.801856 4.379706 951.770292
2-B-6 144,233.56 5.500000% 06050HC48 3.801863 4.379714 951.772188
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 250,976,826.43 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-10
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 196,263,991.52 41,053,683.24 237,317,674.76
Loan count 433 89 522
Avg loan rate 6.536656% 6.119434% 6.47
Prepay amount 12,492,850.74 786,628.46 13,279,479.20
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 27,442.18 7,792.39 35,234.57
Sub servicer fees 0.00 0.00 0.00
Trustee fees 522.42 105.02 627.44
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 94.068289% 100.000000% 236,070,343.87
-----------------------------------------------------------------------------
Junior 5.931711% 0.000000% 14,886,004.96
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,561,666.66
60 to 89 days 1 404,220.37
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 5 1,965,887.03
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 14,993,199.46 14,993,199.46
Principal remittance amount 13,659,151.23 13,659,151.23
Interest remittance amount 1,334,048.23 1,334,048.23