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 20, 2003
BANK OF AMERICA MORTGAGE SECURITIES, INC.
(Depositor)
North Carolina 333-74544-12 61-1430145
(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-E Trust
On December 20, 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-E Trust. The monthly distributions were made pursuant
to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of May 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-E Trust relating to the
Distribution Date of December 20, 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 20, 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-E Trust relating to the
Distribution Date of December 20, 2003 prepared by the
Trustee pursuant to the terms of the Pooling and Servicing
Agreement.
99 Monthly Remittance Statement dated December 20, 2003
Payment Date: 12/20/03
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MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-E 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 94,504,420.25 6.966307% 10,188,605.95 524,677.65 10,713,283.60 0.00 23,944.68
Residual AR 0.00 6.966307% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,557,768.13 6.966307% 283,275.22 30,856.09 314,131.31 0.00 1,408.18
B2 3,382,780.91 6.966307% 172,417.77 18,780.81 191,198.58 0.00 857.10
B3 1,932,949.20 6.966307% 98,520.95 10,731.51 109,252.46 0.00 489.75
B4 966,714.24 6.966307% 49,272.69 5,367.09 54,639.78 0.00 244.94
B5 966,234.96 6.966307% 49,248.26 5,364.43 54,612.69 0.00 244.82
B6 967,000.74 6.966307% 49,287.22 5,368.68 54,655.90 0.00 245.01
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 108,277,868.42 - 10,890,628.08 601,146.25 11,491,774.32 - 27,434.47
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 84,315,814.29 23,944.68
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 5,274,492.91 1,408.18
B2 3,210,363.14 857.10
B3 1,834,428.24 489.75
B4 917,441.55 244.94
B5 916,986.69 244.82
B6 917,713.52 245.01
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 97,387,240.34 27,434.47
- --------------------------------------------------------------------------------
Payment Date: 12/20/03
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-E 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 94,504,420.25 6.966307% 06050HJH2 10.400941 0.535612 86.072994
Residual AR 0.00 6.966307% 06050HJJ7 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,557,768.13 6.966307% 06050HJK5 24.428701 2.660925 454.854511
B2 3,382,780.91 6.966307% 06050HJL3 24.428701 2.660925 454.854511
B3 1,932,949.20 6.966307% 06050HJM1 24.428701 2.660925 454.854511
B4 966,714.24 6.966307% 06050HJX7 24.428701 2.660925 454.854511
B5 966,234.96 6.966307% 06050HJY5 24.428701 2.660925 454.854511
B6 967,000.74 6.966307% 06050HJZ2 24.428670 2.660926 454.854642
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 108,277,868.42 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-E Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 97,387,239.92 97,387,239.92
Loan count 190 190
Avg loan rate 7.216307% 7.22
Prepay amount 10,743,574.82 10,743,574.82
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 0.00 0.00
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
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts 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 87.849107% 100.000000% 94,504,420.25
-----------------------------------------------------------------------------
Junior 12.150893% 0.000000% 13,071,426.05
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 14 8,362,448.86
60 to 89 days 2 1,785,306.97
90 or more 0 0.00
Foreclosure 4 2,517,561.61
Totals: 20 12,665,317.44
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- --------------------------------------------------------------------------------
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 11,491,774.32 11,491,774.32
Principal remittance amount 10,890,628.08 10,890,628.08
Interest remittance amount 601,146.25 601,146.25