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): January 20, 2004
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 January 20, 2004, 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
January 20, 2004 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: January 20, 2004
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 January 20, 2004
Payment Date: 01/20/04
------------------------------------------------------------
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 70,601,443.01 6.458548% 5,954,193.01 379,985.67 6,334,178.68 0.00 0.00
A2 1,897,888.25 6.000000% 160,058.95 9,489.44 169,548.39 0.00 0.00
A3 5,440,612.99 3.500000% 458,835.66 15,868.45 474,704.12 0.00 0.00
A4 43,088,516.16 5.000000% 3,633,882.41 179,535.48 3,813,417.89 0.00 0.00
A5 9,489,441.26 4.500000% 800,294.76 35,585.40 835,880.16 0.00 0.00
A6 31,631,470.88 4.200000% 2,667,649.20 110,710.15 2,778,359.34 0.00 0.00
A7 104,383.85 4.500000% 8,803.24 391.44 9,194.68 0.00 0.00
AIO 91,652,313.41 1.855321% 0.00 141,703.68 141,703.68 0.00 0.00
Residual AR 0.00 6.458548% 0.00 0.12 0.12 0.00 0.00
AMR 0.00 6.458548% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.458548% 0.00 0.00 0.00 0.00 0.00
2A1 102,360,668.04 5.741288% 11,701,601.26 489,735.04 12,191,336.31 0.00 0.00
2A2 4,094,389.08 5.741288% 468,059.75 19,589.22 487,648.97 0.00 0.00
3A1 14,553,648.52 7.407970% 313,064.42 89,844.16 402,908.58 0.00 0.00
4A1 25,415,746.22 4.698000% 3,056,348.41 99,502.65 3,155,851.06 0.00 0.00
4IO 25,415,746.22 0.586268% 0.00 12,417.03 12,417.03 0.00 0.00
BIO 0.00 0.000000% 0.00 15,561.12 15,561.12 0.00 0.00
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Subordinate B1 10,984,320.91 4.550644% 491,796.02 41,654.78 533,450.79 0.00 0.00
B2 4,624,287.75 6.250644% 207,041.14 24,087.31 231,128.45 0.00 0.00
B3 2,312,143.88 6.250644% 103,520.57 12,043.66 115,564.23 0.00 0.00
B4 1,156,369.67 6.250644% 51,773.61 6,023.38 57,796.99 0.00 0.00
B5 1,155,774.21 6.250644% 51,746.95 6,020.28 57,767.23 0.00 0.00
B6 1,734,729.50 6.250644% 77,668.26 9,035.98 86,704.24 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 330,645,834.20 - 30,206,337.62 1,698,784.45 31,905,122.07 - -
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 64,647,250.00 0.00
A2 1,737,829.30 0.00
A3 4,981,777.33 0.00
A4 39,454,633.76 0.00
A5 8,689,146.51 0.00
A6 28,963,821.69 0.00
A7 95,580.61 0.00
AIO 83,922,789.19 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 90,659,066.78 0.00
2A2 3,626,329.33 0.00
3A1 14,240,584.11 0.00
4A1 22,359,397.80 0.00
4IO 22,359,397.80 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,492,524.90 0.00
B2 4,417,246.62 0.00
B3 2,208,623.31 0.00
B4 1,104,596.05 0.00
B5 1,104,027.26 0.00
B6 1,657,061.24 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 300,439,496.58 -
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Payment Date: 01/20/04
------------------------------------------------------------
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 70,601,443.01 6.458548% 06050HXK9 10.670597 0.680978 115.855287
A2 1,897,888.25 6.000000% 06050HXL7 10.670597 0.632629 115.855287
A3 5,440,612.99 3.500000% 06050HXM5 10.670597 0.369034 115.855287
A4 43,088,516.16 5.000000% 06050HXN3 10.670597 0.527191 115.855287
A5 9,489,441.26 4.500000% 06050HXP8 10.670597 0.474472 115.855287
A6 31,631,470.88 4.200000% 06050HXQ6 10.670597 0.442841 115.855287
A7 104,383.85 4.500000% 06050HXR4 10.670597 0.474472 115.855287
AIO 91,652,313.41 1.855321% 06050HXS2 0.000000 0.195622 115.855287
Residual AR 0.00 6.458548% 06050HXT0 0.000000 2.347265 0.000000
AMR 0.00 6.458548% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.458548% 06050HXV5 0.000000 0.000000 0.000000
2A1 102,360,668.04 5.741288% 06050HXW3 26.895348 1.125623 208.373805
2A2 4,094,389.08 5.741288% 06050HXX1 26.895348 1.125623 208.373805
3A1 14,553,648.52 7.407970% 06050HXY9 4.354891 1.249780 198.094037
4A1 25,415,746.22 4.698000% 06050HXZ6 31.220042 1.016401 228.397171
4IO 25,415,746.22 0.586268% 06050HYA0 0.000000 0.126838 228.397171
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,984,320.91 4.550644% 06050HYC6 26.659946 2.258079 568.793023
B2 4,624,287.75 6.250644% 06050HYD4 26.659946 3.101637 568.793023
B3 2,312,143.88 6.250644% 06050HYE2 26.659946 3.101637 568.793023
B4 1,156,369.67 6.250644% 06050HYF9 26.659946 3.101637 568.793023
B5 1,155,774.21 6.250644% 06050HYG7 26.659946 3.101637 568.793023
B6 1,734,729.50 6.250644% 06050HYH5 26.659961 3.101639 568.793347
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 330,645,834.20 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 162,437,559.97 99,312,113.01 15,083,909.29
Loan count 350 225 29
Avg loan rate 6.708548% 5.991288% 7.657970%
Prepay amount 14,015,321.46 12,331,785.05 300,566.69
Total
-----
Prin balance 23,605,913.02 300,439,495.29
Loan count 48 652
Avg loan rate 5.659268% 6.43
Prepay amount 3,101,347.99 29,749,021.19
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 36,815.91 23,287.96 3,209.69
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 8,356.49 71,670.04
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
- --------------------------------------------------------------------------------
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 93.634674% 100.000000% 308,678,208.28
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Junior 6.365326% 0.000000% 20,984,079.37
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,227,303.58
60 to 89 days 0 0.00
90 or more 1 472,563.82
Foreclosure 0 0.00
Totals: 7 2,699,867.40
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 378,505.60
Current Total Outstanding Number of Loans: 1
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OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 31,905,122.07 31,905,122.07
Principal remittance amount 30,206,337.62 30,206,337.62
Interest remittance amount 1,698,784.45 1,698,784.45