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): February 25, 2004
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-3)
(Exact name of registrant as specified in charter)
North Carolina 333-74544-07 03-0414271/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 2002-3
On February 25, 2004, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2002-3, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 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 2002-3 relating to the distribution date of February
25, 2004 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of March 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: February 25, 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 February 25, 2004
Payment Date: 02/25/04
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, 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 1.600000% 0.00 0.00 0.00 0.00 0.00
1-A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-3 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-4 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-5 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-6 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
1-A-7 0.00 6.900000% 0.00 0.00 0.00 0.00 0.00
1-A-8 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-9 10,870,552.85 6.500000% 2,473,819.08 58,882.16 2,532,701.24 0.00 0.00
1-A-10 24,800,000.00 6.500000% 0.00 134,333.33 134,333.33 0.00 0.00
1-A-11 127,069.06 6.500000% 28,917.19 688.29 29,605.48 0.00 0.00
Residual 1-A-R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
2-A-1 18,360,024.12 6.500000% 720,176.28 99,450.13 819,626.41 0.00 0.00
3-A-1 14,105,715.38 6.000000% 1,018,227.31 70,528.58 1,088,755.89 0.00 0.00
1-A-PO 720,008.54 0.000000% 12,350.38 0.00 12,350.38 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,041,323.51 6.500000% 3,062.63 16,473.84 19,536.46 0.00 0.00
1-B-2 1,460,384.15 6.500000% 1,470.61 7,910.41 9,381.03 0.00 0.00
1-B-3 851,727.40 6.500000% 857.69 4,613.52 5,471.22 0.00 0.00
1-B-4 486,141.30 6.500000% 489.55 2,633.27 3,122.81 0.00 0.00
1-B-5 365,586.10 6.500000% 368.15 1,980.26 2,348.41 0.00 0.00
1-B-6 486,803.69 6.500000% 490.20 2,636.85 3,127.06 0.00 0.00
2-B-1 1,413,972.24 6.500000% 1,456.21 7,659.02 9,115.23 0.00 0.00
2-B-2 1,189,578.87 6.500000% 1,225.12 6,443.55 7,668.67 0.00 0.00
2-B-3 670,240.48 6.500000% 690.26 3,630.47 4,320.73 0.00 0.00
2-B-4 296,904.77 6.500000% 305.77 1,608.23 1,914.01 0.00 0.00
2-B-5 223,413.49 6.500000% 230.09 1,210.16 1,440.24 0.00 0.00
2-B-6 298,317.39 6.500000% 307.22 1,615.89 1,923.11 0.00 0.00
3-B-1 711,341.07 6.000000% 2,922.38 3,556.71 6,479.09 0.00 0.00
3-B-2 253,720.87 6.000000% 1,042.35 1,268.60 2,310.96 0.00 0.00
3-B-3 153,155.15 6.000000% 629.20 765.78 1,394.98 0.00 0.00
3-B-4 101,488.35 6.000000% 416.94 507.44 924.38 0.00 0.00
3-B-5 101,488.35 6.000000% 416.94 507.44 924.38 0.00 0.00
3-B-6 102,054.10 6.000000% 419.26 510.27 929.53 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 81,191,011.23 - 4,270,290.84 429,414.20 4,699,705.04 - -
- ----------------------------------------------------------------------------------------------------------------------------------
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 0.00 0.00
1-A-7 0.00 0.00
1-A-8 0.00 0.00
1-A-9 8,396,733.77 0.00
1-A-10 24,800,000.00 0.00
1-A-11 98,151.87 0.00
Residual 1-A-R 0.00 0.00
1-A-LR 0.00 0.00
2-A-1 17,639,847.84 0.00
3-A-1 13,087,488.07 0.00
1-A-PO 707,658.16 0.00
- --------------------------------------------------------------------------------
Subordinate 1-B-1 3,038,260.88 0.00
1-B-2 1,458,913.54 0.00
1-B-3 850,869.71 0.00
1-B-4 485,651.76 0.00
1-B-5 365,217.95 0.00
1-B-6 486,313.48 0.00
2-B-1 1,412,516.03 0.00
2-B-2 1,188,353.75 0.00
2-B-3 669,550.22 0.00
2-B-4 296,599.00 0.00
2-B-5 223,183.41 0.00
2-B-6 298,010.16 0.00
3-B-1 708,418.68 0.00
3-B-2 252,678.52 0.00
3-B-3 152,525.94 0.00
3-B-4 101,071.41 0.00
3-B-5 101,071.41 0.00
3-B-6 101,634.84 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 76,920,720.38 -
- --------------------------------------------------------------------------------
Payment Date: 02/25/04
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, 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 1.600000% 06050HEE4 0.000000 0.000000 0.000000
1-A-2 0.00 6.500000% 06050HEF1 0.000000 0.000000 0.000000
1-A-3 0.00 6.500000% 06050HEG9 0.000000 0.000000 0.000000
1-A-4 0.00 6.500000% 06050HEH7 0.000000 0.000000 0.000000
1-A-5 0.00 6.500000% 06050HEJ3 0.000000 0.000000 0.000000
1-A-6 0.00 6.250000% 06050HEK0 0.000000 0.000000 0.000000
1-A-7 0.00 6.900000% 06050HEL8 0.000000 0.000000 0.000000
1-A-8 0.00 6.500000% 06050HEM6 0.000000 0.000000 0.000000
1-A-9 10,870,552.85 6.500000% 06050HEN4 186.562525 4.440585 633.237841
1-A-10 24,800,000.00 6.500000% 06050HEP9 0.000000 5.416667 1,000.000000
1-A-11 127,069.06 6.500000% 06050HFS2 186.562525 4.440585 633.237841
Residual 1-A-R 0.00 6.500000% 06050HEQ7 0.000000 0.000000 0.000000
1-A-LR 0.00 6.500000% 06050HER5 0.000000 0.000000 0.000000
2-A-1 18,360,024.12 6.500000% 06050HES3 4.892868 0.675663 119.844879
3-A-1 14,105,715.38 6.000000% 06050HET1 9.373612 0.649273 120.480986
1-A-PO 720,008.54 0.000000% 06050HEU8 7.990408 0.000000 457.838342
- ------------------------------------------------------------------------------------------------------------------------
Subordinate 1-B-1 3,041,323.51 6.500000% 06050HEV6 0.986989 5.309003 979.136603
1-B-2 1,460,384.15 6.500000% 06050HEW4 0.986989 5.309003 979.136603
1-B-3 851,727.40 6.500000% 06050HEX2 0.986989 5.309003 979.136603
1-B-4 486,141.30 6.500000% 06050HFH6 0.986989 5.309003 979.136603
1-B-5 365,586.10 6.500000% 06050HFJ2 0.986989 5.309003 979.136603
1-B-6 486,803.69 6.500000% 06050HFK9 0.986970 5.309008 979.137665
2-B-1 1,413,972.24 6.500000% 06050HEY0 1.009157 5.307704 978.874588
2-B-2 1,189,578.87 6.500000% 06050HEZ7 1.009157 5.307704 978.874588
2-B-3 670,240.48 6.500000% 06050HFA1 1.009157 5.307704 978.874588
2-B-4 296,904.77 6.500000% 06050HFL7 1.009157 5.307704 978.874588
2-B-5 223,413.49 6.500000% 06050HFM5 1.009157 5.307704 978.874588
2-B-6 298,317.39 6.500000% 06050HFN3 1.009136 5.307706 978.875035
3-B-1 711,341.07 6.000000% 06050HFB9 3.790380 4.613107 918.830976
3-B-2 253,720.87 6.000000% 06050HFC7 3.790380 4.613107 918.830976
3-B-3 153,155.15 6.000000% 06050HFD5 3.790380 4.613107 918.830976
3-B-4 101,488.35 6.000000% 06050HFP8 3.790380 4.613107 918.830976
3-B-5 101,488.35 6.000000% 06050HFQ6 3.790380 4.613107 918.830976
3-B-6 102,054.10 6.000000% 06050HFR4 3.790301 4.613113 918.832365
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 81,191,011.23 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-3
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 40,465,493.52 21,949,682.12 14,505,543.91
Loan count 92 53 35
Avg loan rate 6.917277% 6.836883% 6.707205%
Prepay amount 2,478,051.74 701,466.43 960,275.53
Total
-----
Prin balance 76,920,719.55
Loan count 180
Avg loan rate 6.85
Prepay amount 4,139,793.70
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 11,032.20 6,889.44 8,987.08
Sub servicer fees 0.00 0.00 0.00
Trustee fees 107.47 56.69 38.82
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 26,908.71
Sub servicer fees 0.00
Trustee fees 202.98
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 84.981880% 100.000000% 68,983,369.94
-----------------------------------------------------------------------------
Junior 15.018120% 0.000000% 12,190,840.69
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 1 982,555.24
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 1 982,555.24
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 4,699,705.04 4,699,705.04
Principal remittance amount 4,270,290.84 4,270,290.84
Interest remittance amount 429,414.20 429,414.20