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)
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 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 2002-10. 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 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 2002-10 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 2002-10
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 6,904,895.94 1.768750% 522,964.70 10,177.53 533,142.23 0.00 0.00
1-A-18 6,904,895.94 6.731250% 0.00 38,732.15 38,732.15 0.00 0.00
1-A-19 2,426,026.73 5.750000% 275,147.10 11,624.71 286,771.81 0.00 0.00
1-A-20 0.00 4.750000% 0.00 0.00 0.00 0.00 0.00
1-A-21 12,419,614.16 4.750000% 940,639.78 49,160.97 989,800.75 0.00 0.00
1-A-22 1,358,294.90 5.750000% 240,589.13 6,508.50 247,097.62 0.00 0.00
1-A-23 60,476.18 5.750000% 10,711.89 289.78 11,001.68 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 0.00 3.000000% 0.00 0.00 0.00 0.00 0.00
1-A-28 15,754,991.04 2.750000% 1,455,330.86 36,105.19 1,491,436.05 0.00 0.00
1-A-29 8,499,582.57 4.500000% 3,206,253.71 31,873.43 3,238,127.15 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 18,649,938.62 6.000000% 0.00 93,249.69 93,249.69 0.00 0.00
Residual 1-A-R 0.00 6.000000% 0.00 0.08 0.08 0.00 0.00
1-A-LR 0.00 6.000000% 0.00 0.00 0.00 0.00 0.00
1-A-WIO 180,257,843.40 0.312869% 0.00 46,997.63 46,997.63 0.00 0.00
2-A-1 21,863,709.57 5.000000% 1,153,468.19 91,098.79 1,244,566.98 0.00 0.00
2-A-2 0.00 5.500000% 0.00 0.00 0.00 0.00 0.00
2-A-3 9,431,587.70 5.500000% 702,176.64 43,228.11 745,404.75 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 3,707,912.76 1.618750% 195,619.11 5,001.82 200,620.93 0.00 0.00
2-A-6 3,707,912.76 6.881250% 0.00 21,262.56 21,262.56 0.00 0.00
2-A-7 383,767.54 5.000000% 20,246.50 1,599.03 21,845.53 0.00 0.00
2-A-WIO 40,343,842.10 0.372879% 0.00 12,536.14 12,536.14 0.00 0.00
1-A-PO 206,720.15 0.000000% 516.04 0.00 516.04 0.00 0.00
1-SES 0.00 0.000000% 0.00 33,531.86 33,531.86 0.00 6,021.08
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,178,030.62 6.000000% 6,344.76 30,890.15 37,234.91 0.00 0.00
1-B-2 2,965,573.20 6.000000% 3,045.61 14,827.87 17,873.47 0.00 0.00
1-B-3 1,482,292.83 6.000000% 1,522.30 7,411.46 8,933.76 0.00 0.00
1-B-4 988,524.40 6.000000% 1,015.20 4,942.62 5,957.82 0.00 0.00
1-B-5 741,640.18 6.000000% 761.66 3,708.20 4,469.86 0.00 0.00
1-B-6 741,624.94 6.000000% 761.64 3,708.12 4,469.76 0.00 0.00
2-B-1 1,001,262.35 5.500000% 4,023.99 4,589.12 8,613.11 0.00 0.00
2-B-2 286,482.86 5.500000% 1,151.35 1,313.05 2,464.40 0.00 0.00
2-B-3 214,148.32 5.500000% 860.64 981.51 1,842.16 0.00 0.00
2-B-4 71,382.77 5.500000% 286.88 327.17 614.05 0.00 0.00
2-B-5 71,382.77 5.500000% 286.88 327.17 614.05 0.00 0.00
2-B-6 143,659.71 5.500000% 577.36 658.44 1,235.80 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 237,317,675.20 - 8,744,301.92 1,261,514.94 10,005,816.86 - 6,021.08
- ----------------------------------------------------------------------------------------------------------------------------------
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 6,381,931.24 0.00
1-A-18 6,381,931.24 0.00
1-A-19 2,150,879.63 0.00
1-A-20 0.00 0.00
1-A-21 11,478,974.38 0.00
1-A-22 1,117,705.78 0.00
1-A-23 49,764.28 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 14,299,660.19 0.00
1-A-29 5,293,328.86 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 17,060,070.98 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
1-A-WIO 174,096,250.57 0.00
2-A-1 20,710,241.38 0.00
2-A-2 0.00 0.00
2-A-3 8,729,411.06 0.00
2-A-4 3,878,000.00 0.00
2-A-5 3,512,293.65 0.00
2-A-6 3,512,293.65 0.00
2-A-7 363,521.04 0.00
2-A-WIO 38,268,367.96 0.00
1-A-PO 206,204.11 0.00
1-SES 0.00 6,021.08
- --------------------------------------------------------------------------------
Subordinate 1-B-1 6,171,685.86 0.00
1-B-2 2,962,527.60 0.00
1-B-3 1,480,770.54 0.00
1-B-4 987,509.20 0.00
1-B-5 740,878.53 0.00
1-B-6 740,863.30 0.00
2-B-1 997,238.36 0.00
2-B-2 285,331.51 0.00
2-B-3 213,287.67 0.00
2-B-4 71,095.89 0.00
2-B-5 71,095.89 0.00
2-B-6 143,082.36 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 228,573,373.28 6,021.08
- --------------------------------------------------------------------------------
Payment Date: 12/25/03
------------------------------------------------------------
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 6,904,895.94 1.768750% 06050HZA9 16.977219 0.330397 207.179265
1-A-18 6,904,895.94 6.731250% 06050HZB7 0.000000 1.257378 207.179265
1-A-19 2,426,026.73 5.750000% 06050HZC5 18.343140 0.774981 143.391975
1-A-20 0.00 4.750000% 06050HZD3 0.000000 0.000000 0.000000
1-A-21 12,419,614.16 4.750000% 06050HZE1 18.812796 0.983219 229.579488
1-A-22 1,358,294.90 5.750000% 06050HZF8 19.476170 0.526876 90.480513
1-A-23 60,476.18 5.750000% 06050HZG6 19.476170 0.526876 90.480513
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 0.00 3.000000% 06050HZL5 0.000000 0.000000 0.000000
1-A-28 15,754,991.04 2.750000% 06050HZM3 36.383271 0.902630 357.491505
1-A-29 8,499,582.57 4.500000% 06050HZN1 371.266062 3.690764 612.937570
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 18,649,938.62 6.000000% 06050HZU5 0.000000 1.595218 291.845869
Residual 1-A-R 0.00 6.000000% 06050HZV3 0.000000 1.524118 0.000000
1-A-LR 0.00 6.000000% 06050HZW1 0.000000 0.000000 0.000000
1-A-WIO180,257,843.40 0.312869% 06050HZX9 0.000000 0.099456 368.421659
2-A-1 21,863,709.57 5.000000% 06050HZY7 13.963105 1.102780 250.704165
2-A-2 0.00 5.500000% 06050HZZ4 0.000000 0.000000 0.000000
2-A-3 9,431,587.70 5.500000% 06050HA24 46.811776 2.881874 581.960737
2-A-4 3,878,000.00 5.500000% 06050HA32 0.000000 4.583333 1,000.000000
2-A-5 3,707,912.76 1.618750% 06050HA40 13.963105 0.357025 250.704165
2-A-6 3,707,912.76 6.881250% 06050HA57 0.000000 1.517701 250.704165
2-A-7 383,767.54 5.000000% 06050HA65 13.963105 1.102780 250.704165
2-A-WIO 40,343,842.10 0.372879% 06050HA73 0.000000 0.084149 256.876963
1-A-PO 206,720.15 0.000000% 06050HA81 1.787859 0.000000 714.410058
1-SES 0.00 0.000000% 06050HC55 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 6,178,030.62 6.000000% 06050HA99 1.014188 4.937684 986.522676
1-B-2 2,965,573.20 6.000000% 06050HB23 1.014188 4.937684 986.522676
1-B-3 1,482,292.83 6.000000% 06050HB31 1.014188 4.937684 986.522676
1-B-4 988,524.40 6.000000% 06050HB72 1.014188 4.937684 986.522676
1-B-5 741,640.18 6.000000% 06050HB80 1.014188 4.937684 986.522676
1-B-6 741,624.94 6.000000% 06050HB98 1.014188 4.937685 986.522874
2-B-1 1,001,262.35 5.500000% 06050HB49 3.825086 4.362281 947.945206
2-B-2 286,482.86 5.500000% 06050HB56 3.825086 4.362281 947.945206
2-B-3 214,148.32 5.500000% 06050HB64 3.825086 4.362281 947.945206
2-B-4 71,382.77 5.500000% 06050HC22 3.825086 4.362281 947.945206
2-B-5 71,382.77 5.500000% 06050HC30 3.825086 4.362281 947.945206
2-B-6 143,659.71 5.500000% 06050HC48 3.825093 4.362289 947.947095
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 237,317,675.20 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-10
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 189,598,388.91 38,974,983.93 228,573,372.84
Loan count 418 85 503
Avg loan rate 6.534046% 6.119380% 6.46
Prepay amount 6,464,027.72 1,913,707.98 8,377,735.70
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 28,165.81 5,366.05 33,531.86
Sub servicer fees 0.00 0.00 0.00
Trustee fees 490.66 102.63 593.29
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 93.735545% 100.000000% 222,431,670.25
-----------------------------------------------------------------------------
Junior 6.264455% 0.000000% 14,865,366.69
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,841,941.85
60 to 89 days 0 0.00
90 or more 1 404,220.37
Foreclosure 0 0.00
Totals: 5 2,246,162.22
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 10,005,816.86 10,005,816.86
Principal remittance amount 8,744,301.92 8,744,301.92
Interest remittance amount 1,261,514.94 1,261,514.94