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): December 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 December 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 December 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: December 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 December 25, 2003 prepared by the
Trustee pursuant to the terms of the Pooling and Servicing
Agreement.
99 Monthly Remittance Statement dated December 25, 2003
Payment Date: 12/25/03
------------------------------------------------------------
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 1.668750% 0.00 0.00 0.00 0.00 0.00
1-A-4 0.00 6.831250% 0.00 0.00 0.00 0.00 0.00
1-A-5 8,422,021.25 6.250000% 1,209,343.09 43,864.69 1,253,207.78 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 44,975,840.09 6.250000% 6,304,922.13 234,249.17 6,539,171.30 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 1.668750% 0.00 0.00 0.00 0.00 0.00
1-A-11 0.00 6.831250% 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 0.01 0.01 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 91,684,999.73 0.203876% 0.00 15,576.97 15,576.97 0.00 0.00
2-A-1 37,297,172.43 5.750000% 1,684,414.38 178,715.62 1,863,130.00 0.00 0.00
2-A-WIO 36,472,275.16 0.249005% 0.00 7,568.16 7,568.16 0.00 0.00
3-A-1 40,804,662.60 6.000000% 1,968,203.45 204,023.31 2,172,226.76 0.00 0.00
3-A-WIO 38,080,817.78 0.420673% 0.00 13,349.66 13,349.66 0.00 0.00
1-A-PO 922,315.90 0.000000% 35,323.83 0.00 35,323.83 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 7,701,810.98 6.250000% 7,843.64 40,113.60 47,957.24 0.00 0.00
1-B-2 3,554,378.37 6.250000% 3,619.83 18,512.39 22,132.22 0.00 0.00
1-B-3 1,777,189.18 6.250000% 1,809.92 9,256.19 11,066.11 0.00 0.00
1-B-4 1,185,121.72 6.250000% 1,206.95 6,172.51 7,379.45 0.00 0.00
1-B-5 888,101.20 6.250000% 904.46 4,625.53 5,529.98 0.00 0.00
1-B-6 889,588.96 6.250000% 905.97 4,633.28 5,539.25 0.00 0.00
CB-1 2,877,724.18 5.898065% 13,111.85 14,144.17 27,256.02 0.00 0.00
CB-2 884,290.82 5.898065% 4,029.12 4,346.34 8,375.46 0.00 0.00
CB-3 664,162.87 5.898065% 3,026.14 3,264.40 6,290.54 0.00 0.00
CB-4 221,072.70 5.898065% 1,007.28 1,086.58 2,093.86 0.00 0.00
CB-5 222,017.46 5.898065% 1,011.58 1,091.23 2,102.81 0.00 0.00
CB-6 443,457.39 5.898065% 2,020.52 2,179.62 4,200.14 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 243,730,928.11 - 11,242,704.14 1,274,065.09 12,516,769.23 - -
- ----------------------------------------------------------------------------------------------------------------------------------
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 7,212,678.16 0.00
1-A-6 5,000,000.00 0.00
1-A-7 38,670,917.96 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 88,113,930.98 0.00
2-A-1 35,612,758.05 0.00
2-A-WIO 34,792,593.71 0.00
3-A-1 38,836,459.15 0.00
3-A-WIO 36,546,010.42 0.00
1-A-PO 886,992.07 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 7,693,967.34 0.00
1-B-2 3,550,758.54 0.00
1-B-3 1,775,379.27 0.00
1-B-4 1,183,914.77 0.00
1-B-5 887,196.75 0.00
1-B-6 888,682.99 0.00
CB-1 2,864,612.32 0.00
CB-2 880,261.70 0.00
CB-3 661,136.72 0.00
CB-4 220,065.42 0.00
CB-5 221,005.88 0.00
CB-6 441,436.87 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 232,488,223.96 -
- --------------------------------------------------------------------------------
Payment Date: 12/25/03
------------------------------------------------------------
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 1.668750% 06050HVY1 0.000000 0.000000 0.000000
1-A-4 0.00 6.831250% 06050HVZ8 0.000000 0.000000 0.000000
1-A-5 8,422,021.25 6.250000% 06050HWA2 118.679400 4.304680 707.819250
1-A-6 5,000,000.00 6.250000% 06050HWB0 0.000000 5.208333 1,000.000000
1-A-7 44,975,840.09 6.250000% 06050HWC8 111.862785 4.156081 686.104678
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 1.668750% 06050HWE4 0.000000 0.000000 0.000000
1-A-11 0.00 6.831250% 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 0.257003 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 91,684,999.73 0.203876% 06050HWQ7 0.000000 0.042758 241.865982
2-A-1 37,297,172.43 5.750000% 06050HWR5 8.970817 0.951800 189.665637
2-A-WIO 36,472,275.16 0.249005% 06050HWS3 0.000000 0.041495 190.762096
3-A-1 40,804,662.60 6.000000% 06050HWT1 7.170610 0.743303 141.490004
3-A-WIO 38,080,817.78 0.420673% 06050HWU8 0.000000 0.052992 145.070012
1-A-PO 922,315.90 0.000000% 06050HWV6 14.835557 0.000000 372.525313
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 7,701,810.98 6.250000% 06050HWW4 1.004950 5.139475 985.774163
1-B-2 3,554,378.37 6.250000% 06050HWX2 1.004950 5.139475 985.774163
1-B-3 1,777,189.18 6.250000% 06050HWY0 1.004950 5.139475 985.774163
1-B-4 1,185,121.72 6.250000% 06050HXC7 1.004950 5.139475 985.774163
1-B-5 888,101.20 6.250000% 06050HXD5 1.004950 5.139475 985.774163
1-B-6 889,588.96 6.250000% 06050HXE3 1.004951 5.139477 985.774577
CB-1 2,877,724.18 5.898065% 06050HWZ7 4.304613 4.643523 940.450533
CB-2 884,290.82 5.898065% 06050HXA1 4.304613 4.643523 940.450533
CB-3 664,162.87 5.898065% 06050HXB9 4.304613 4.643523 940.450533
CB-4 221,072.70 5.898065% 06050HXF0 4.304613 4.643523 940.450533
CB-5 222,017.46 5.898065% 06050HXG8 4.304613 4.643523 940.450533
CB-6 443,457.39 5.898065% 06050HXH6 4.304578 4.643527 940.451481
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 243,730,928.11 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 152,580,364.72 37,784,696.17 42,123,162.24
Loan count 353 90 108
Avg loan rate 6.589120% 6.228910% 6.590311%
Prepay amount 7,383,685.32 1,532,080.31 1,787,158.14
Total
-----
Prin balance 232,488,223.13
Loan count 551
Avg loan rate 6.53
Prepay amount 10,702,923.77
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 21,522.45 4,274.15 5,472.05
Sub servicer fees 0.00 0.00 0.00
Trustee fees 133.44 32.90 36.77
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 31,268.66
Sub servicer fees 0.00
Trustee fees 203.11
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 91.272362% 100.000000% 222,422,012.28
-----------------------------------------------------------------------------
Junior 8.727638% 0.000000% 21,268,418.57
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,538,392.82
60 to 89 days 2 1,342,466.90
90 or more 1 420,028.44
Foreclosure 0 0.00
Totals: 7 3,300,888.16
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 12,516,769.23 12,516,769.23
Principal remittance amount 11,242,704.14 11,242,704.14
Interest remittance amount 1,274,065.09 1,274,065.09