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
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-97547-05 61-1430151/Man
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
101 N. Tryon St., Charlotte, NC 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
BOA
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-K Trust
On December 20, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2002-K Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of September 1, 2002, among BOA as Depositor, BANK
OF AMERICA MORTGAGE SECURITIES, INC., Seller and Master Servicer and The Bank of
New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BOA, MORTGAGE PASS-THROUGH CERTIFICATES
Series 2002-K Trust relating to the distribution date of
December 20, 2003 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of September 1, 2002.
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
BOA
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated December 20, 2003
Payment Date: 12/20/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K 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 75,652,851.43 6.461972% 5,051,408.42 407,388.86 5,458,797.28 0.00 0.00
A2 2,033,678.80 6.000000% 135,790.55 10,168.39 145,958.94 0.00 0.00
A3 5,829,879.23 3.500000% 389,266.24 17,003.81 406,270.05 0.00 0.00
A4 46,171,423.31 5.000000% 3,082,907.15 192,380.93 3,275,288.08 0.00 0.00
A5 10,168,394.01 4.500000% 678,952.74 38,131.48 717,084.22 0.00 0.00
A6 33,894,646.70 4.200000% 2,263,175.82 118,631.26 2,381,807.08 0.00 0.00
A7 111,852.33 4.500000% 7,468.48 419.45 7,887.93 0.00 0.00
AIO 98,209,874.39 1.858745% 0.00 152,122.58 152,122.58 0.00 0.00
Residual AR 0.00 6.461972% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.461972% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.461972% 0.00 0.00 0.00 0.00 0.00
2A1 106,140,687.80 5.736491% 3,780,019.76 507,395.95 4,287,415.70 0.00 0.00
2A2 4,245,588.48 5.736491% 151,199.40 20,295.65 171,495.05 0.00 0.00
3A1 16,739,164.97 7.361716% 2,185,516.45 102,690.82 2,288,207.27 0.00 0.00
4A1 27,051,974.57 4.698000% 1,636,228.36 105,908.48 1,742,136.84 0.00 0.00
4IO 27,051,974.57 0.586487% 0.00 13,221.36 13,221.36 0.00 0.00
BIO 0.00 0.000000% 0.00 16,048.03 16,048.03 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,328,023.65 4.553444% 343,702.74 42,984.60 386,687.34 0.00 0.00
B2 4,768,983.12 6.253444% 144,695.37 24,852.14 169,547.51 0.00 0.00
B3 2,384,491.56 6.253444% 72,347.68 12,426.07 84,773.75 0.00 0.00
B4 1,192,552.82 6.253444% 36,183.16 6,214.64 42,397.79 0.00 0.00
B5 1,191,938.74 6.253444% 36,164.53 6,211.44 42,375.96 0.00 0.00
B6 1,789,009.51 6.253444% 54,280.01 9,322.89 63,602.91 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 350,695,141.05 - 20,049,306.85 1,803,818.84 21,853,125.68 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 70,601,443.01 0.00
A2 1,897,888.25 0.00
A3 5,440,612.99 0.00
A4 43,088,516.16 0.00
A5 9,489,441.26 0.00
A6 31,631,470.88 0.00
A7 104,383.85 0.00
AIO 91,652,313.41 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 102,360,668.04 0.00
2A2 4,094,389.08 0.00
3A1 14,553,648.52 0.00
4A1 25,415,746.22 0.00
4IO 25,415,746.22 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,984,320.91 0.00
B2 4,624,287.75 0.00
B3 2,312,143.88 0.00
B4 1,156,369.67 0.00
B5 1,155,774.21 0.00
B6 1,734,729.50 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 330,645,834.20 -
- --------------------------------------------------------------------------------
Payment Date: 12/20/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K 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 75,652,851.43 6.461972% 06050HXK9 9.052703 0.730088 126.525884
A2 2,033,678.80 6.000000% 06050HXL7 9.052703 0.677893 126.525884
A3 5,829,879.23 3.500000% 06050HXM5 9.052703 0.395438 126.525884
A4 46,171,423.31 5.000000% 06050HXN3 9.052703 0.564911 126.525884
A5 10,168,394.01 4.500000% 06050HXP8 9.052703 0.508420 126.525884
A6 33,894,646.70 4.200000% 06050HXQ6 9.052703 0.474525 126.525884
A7 111,852.33 4.500000% 06050HXR4 9.052703 0.508420 126.525884
AIO 98,209,874.39 1.858745% 06050HXS2 0.000000 0.210005 126.525884
Residual AR 0.00 6.461972% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.461972% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.461972% 06050HXV5 0.000000 0.000000 0.000000
2A1 106,140,687.80 5.736491% 06050HXW3 8.688123 1.166216 235.269154
2A2 4,245,588.48 5.736491% 06050HXX1 8.688123 1.166216 235.269154
3A1 16,739,164.97 7.361716% 06050HXY9 30.401687 1.428483 202.448928
4A1 27,051,974.57 4.698000% 06050HXZ6 16.713774 1.081836 259.617212
4IO 27,051,974.57 0.586487% 06050HYA0 0.000000 0.135054 259.617212
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,328,023.65 4.553444% 06050HYC6 18.631904 2.330168 595.452969
B2 4,768,983.12 6.253444% 06050HYD4 18.631904 3.200121 595.452969
B3 2,384,491.56 6.253444% 06050HYE2 18.631904 3.200121 595.452969
B4 1,192,552.82 6.253444% 06050HYF9 18.631904 3.200121 595.452969
B5 1,191,938.74 6.253444% 06050HYG7 18.631904 3.200121 595.452969
B6 1,789,009.51 6.253444% 06050HYH5 18.631846 3.200123 595.453308
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 350,695,141.05 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 176,716,351.89 111,782,210.63 15,406,512.91
Loan count 380 247 30
Avg loan rate 6.711972% 5.986491% 7.611716%
Prepay amount 11,823,610.52 3,886,921.16 2,219,813.24
Total
-----
Prin balance 26,740,757.48 330,645,832.91
Loan count 54 711
Avg loan rate 5.659487% 6.43
Prepay amount 1,642,685.79 19,573,030.71
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 39,336.52 24,127.32 3,677.21
Sub servicer fees 0.00 0.00 0.00
Trustee fees 0.00 0.00 0.00
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 8,880.67 76,021.71
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
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 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 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 93.723675% 100.000000% 328,040,141.64
-----------------------------------------------------------------------------
Junior 6.276325% 0.000000% 21,967,625.92
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 3,967,925.27
60 to 89 days 0 0.00
90 or more 2 1,003,212.64
Foreclosure 1 378,505.60
Totals: 10 5,349,643.51
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 21,853,125.68 21,853,125.68
Principal remittance amount 20,049,306.85 20,049,306.85
Interest remittance amount 1,803,818.84 1,803,818.84