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 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 February 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
February 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: February 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 February 20, 2004
Payment Date: 02/20/04
------------------------------------------------------------
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 64,647,250.00 6.460811% 4,718,668.95 348,061.41 5,066,730.36 0.00 0.00
A2 1,737,829.30 6.000000% 126,845.94 8,689.15 135,535.09 0.00 0.00
A3 4,981,777.33 3.500000% 363,625.03 14,530.18 378,155.21 0.00 0.00
A4 39,454,633.76 5.000000% 2,879,834.10 164,394.31 3,044,228.41 0.00 0.00
A5 8,689,146.51 4.500000% 634,229.70 32,584.30 666,814.00 0.00 0.00
A6 28,963,821.69 4.200000% 2,114,098.99 101,373.38 2,215,472.37 0.00 0.00
A7 95,580.61 4.500000% 6,976.53 358.43 7,334.95 0.00 0.00
AIO 83,922,789.19 1.857584% 0.00 129,911.36 129,911.36 0.00 0.00
Residual AR 0.00 6.460811% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.460811% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.460811% 0.00 0.00 0.00 0.00 0.00
2A1 90,659,066.78 5.715543% 1,216,767.81 431,804.86 1,648,572.66 0.00 0.00
2A2 3,626,329.33 5.715543% 48,670.26 17,272.04 65,942.30 0.00 0.00
3A1 14,240,584.11 7.418913% 844,212.12 88,041.38 932,253.50 0.00 0.00
4A1 22,359,397.80 4.698000% 2,350,105.02 87,537.04 2,437,642.06 0.00 0.00
4IO 22,359,397.80 0.591816% 0.00 11,027.20 11,027.20 0.00 0.00
BIO 0.00 0.000000% 0.00 14,864.41 14,864.41 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,492,524.90 4.551228% 310,016.15 39,794.89 349,811.04 0.00 0.00
B2 4,417,246.62 6.251228% 130,513.66 23,011.01 153,524.67 0.00 0.00
B3 2,208,623.31 6.251228% 65,256.83 11,505.51 76,762.33 0.00 0.00
B4 1,104,596.05 6.251228% 32,636.82 5,754.23 38,391.05 0.00 0.00
B5 1,104,027.26 6.251228% 32,620.01 5,751.27 38,371.28 0.00 0.00
B6 1,657,061.24 6.251228% 48,960.15 8,632.22 57,592.38 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 300,439,496.58 - 15,924,038.06 1,544,898.57 17,468,936.63 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 59,928,581.05 0.00
A2 1,610,983.36 0.00
A3 4,618,152.30 0.00
A4 36,574,799.65 0.00
A5 8,054,916.81 0.00
A6 26,849,722.69 0.00
A7 88,604.08 0.00
AIO 77,797,178.90 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 89,442,298.97 0.00
2A2 3,577,659.07 0.00
3A1 13,396,371.99 0.00
4A1 20,009,292.78 0.00
4IO 20,009,292.78 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,182,508.75 0.00
B2 4,286,732.96 0.00
B3 2,143,366.48 0.00
B4 1,071,959.23 0.00
B5 1,071,407.25 0.00
B6 1,608,101.09 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 284,515,458.52 -
- --------------------------------------------------------------------------------
Payment Date: 02/20/04
------------------------------------------------------------
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 64,647,250.00 6.460811% 06050HXK9 8.456396 0.623766 107.398891
A2 1,737,829.30 6.000000% 06050HXL7 8.456396 0.579276 107.398891
A3 4,981,777.33 3.500000% 06050HXM5 8.456396 0.337911 107.398891
A4 39,454,633.76 5.000000% 06050HXN3 8.456396 0.482730 107.398891
A5 8,689,146.51 4.500000% 06050HXP8 8.456396 0.434457 107.398891
A6 28,963,821.69 4.200000% 06050HXQ6 8.456396 0.405494 107.398891
A7 95,580.61 4.500000% 06050HXR4 8.456396 0.434457 107.398891
AIO 83,922,789.19 1.857584% 06050HXS2 0.000000 0.179342 107.398891
Residual AR 0.00 6.460811% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.460811% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.460811% 06050HXV5 0.000000 0.000000 0.000000
2A1 90,659,066.78 5.715543% 06050HXW3 2.796659 0.992475 205.577146
2A2 3,626,329.33 5.715543% 06050HXX1 2.796659 0.992475 205.577146
3A1 14,240,584.11 7.418913% 06050HXY9 11.743436 1.224702 186.350601
4A1 22,359,397.80 4.698000% 06050HXZ6 24.005894 0.894175 204.391276
4IO 22,359,397.80 0.591816% 06050HYA0 0.000000 0.112641 204.391276
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,492,524.90 4.551228% 06050HYC6 16.805776 2.157255 551.987247
B2 4,417,246.62 6.251228% 06050HYD4 16.805776 2.963046 551.987247
B3 2,208,623.31 6.251228% 06050HYE2 16.805776 2.963046 551.987247
B4 1,104,596.05 6.251228% 06050HYF9 16.805776 2.963046 551.987247
B5 1,104,027.26 6.251228% 06050HYG7 16.805776 2.963046 551.987247
B6 1,657,061.24 6.251228% 06050HYH5 16.805782 2.963047 551.987566
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 300,439,496.58 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 0.00
Loan count 0
Avg loan rate 0.00
Prepay amount 0.00
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 0.00
Sub servicer fees 0.00
Trustee fees 0.00
Agg advances N/A
Adv this period 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00
Cumulative losses 0.00
Coverage Amounts 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 93.207888% 100.000000% 279,455,417.21
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Junior 6.792112% 0.000000% 20,364,075.75
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 17,468,936.63 17,468,936.63
Principal remittance amount 15,924,038.06 15,924,038.06
Interest remittance amount 1,544,898.57 1,544,898.57