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): April 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 April 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
April 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: April 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 April 20, 2004
Payment Date: 04/20/04
------------------------------------------------------------
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 55,084,206.65 6.452479% 5,970,309.38 296,191.42 6,266,500.80 0.00 0.00
A2 1,480,758.24 6.000000% 160,492.19 7,403.79 167,895.98 0.00 0.00
A3 4,244,840.30 3.500000% 460,077.60 12,380.78 472,458.39 0.00 0.00
A4 33,618,246.70 5.000000% 3,643,718.33 140,076.03 3,783,794.36 0.00 0.00
A5 7,403,791.22 4.500000% 802,460.94 27,764.22 830,225.15 0.00 0.00
A6 24,679,304.06 4.200000% 2,674,869.79 86,377.56 2,761,247.36 0.00 0.00
A7 81,441.70 4.500000% 8,827.07 305.41 9,132.48 0.00 0.00
AIO 71,508,382.22 1.849252% 0.00 110,197.51 110,197.51 0.00 0.00
Residual AR 0.00 6.452479% 0.00 0.01 0.01 0.00 0.00
AMR 0.00 6.452479% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.452479% 0.00 0.00 0.00 0.00 0.00
2A1 86,323,899.02 5.721723% 9,992,663.58 411,601.18 10,404,264.76 0.00 0.00
2A2 3,452,924.22 5.721723% 399,702.87 16,463.90 416,166.76 0.00 0.00
3A1 11,699,160.90 7.546059% 1,935,954.92 73,568.80 2,009,523.72 0.00 0.00
4A1 19,379,264.78 4.698000% 554,887.35 75,869.82 630,757.17 0.00 0.00
4IO 19,379,264.78 0.581218% 0.00 9,386.31 9,386.31 0.00 0.00
BIO 0.00 0.000000% 0.00 13,940.78 13,940.78 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,840,551.95 4.543745% 515,809.92 37,260.80 553,070.72 0.00 0.00
B2 4,142,772.61 6.243745% 217,150.75 21,555.35 238,706.09 0.00 0.00
B3 2,071,386.31 6.243745% 108,575.37 10,777.67 119,353.05 0.00 0.00
B4 1,035,959.88 6.243745% 54,301.67 5,390.22 59,691.89 0.00 0.00
B5 1,035,426.43 6.243745% 54,273.71 5,387.45 59,661.15 0.00 0.00
B6 1,554,096.63 6.243745% 81,460.72 8,086.15 89,546.87 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 267,128,031.61 - 27,635,536.15 1,369,985.16 29,005,521.31 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 49,113,897.28 0.00
A2 1,320,266.06 0.00
A3 3,784,762.69 0.00
A4 29,974,528.37 0.00
A5 6,601,330.28 0.00
A6 22,004,434.26 0.00
A7 72,614.63 0.00
AIO 63,757,936.30 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 76,331,235.44 0.00
2A2 3,053,221.35 0.00
3A1 9,763,205.99 0.00
4A1 18,824,377.44 0.00
4IO 18,824,377.44 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 9,324,742.02 0.00
B2 3,925,621.87 0.00
B3 1,962,810.93 0.00
B4 981,658.21 0.00
B5 981,152.72 0.00
B6 1,472,635.91 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 239,492,495.46 -
- --------------------------------------------------------------------------------
Payment Date: 04/20/04
------------------------------------------------------------
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 55,084,206.65 6.452479% 06050HXK9 10.699479 0.530809 88.017737
A2 1,480,758.24 6.000000% 06050HXL7 10.699479 0.493586 88.017737
A3 4,244,840.30 3.500000% 06050HXM5 10.699479 0.287925 88.017737
A4 33,618,246.70 5.000000% 06050HXN3 10.699479 0.411322 88.017737
A5 7,403,791.22 4.500000% 06050HXP8 10.699479 0.370190 88.017737
A6 24,679,304.06 4.200000% 06050HXQ6 10.699479 0.345510 88.017737
A7 81,441.70 4.500000% 06050HXR4 10.699479 0.370190 88.017737
AIO 71,508,382.22 1.849252% 06050HXS2 0.000000 0.152128 88.017737
Residual AR 0.00 6.452479% 06050HXT0 0.000000 0.163181 0.000000
AMR 0.00 6.452479% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.452479% 06050HXV5 0.000000 0.000000 0.000000
2A1 86,323,899.02 5.721723% 06050HXW3 22.967469 0.946038 175.442243
2A2 3,452,924.22 5.721723% 06050HXX1 22.967469 0.946038 175.442243
3A1 11,699,160.90 7.546059% 06050HXY9 26.930154 1.023381 135.811345
4A1 19,379,264.78 4.698000% 06050HXZ6 5.668073 0.774996 192.287582
4IO 19,379,264.78 0.581218% 06050HYA0 0.000000 0.095879 192.287582
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,840,551.95 4.543745% 06050HYC6 27.961724 2.019884 505.488265
B2 4,142,772.61 6.243745% 06050HYD4 27.961724 2.775605 505.488265
B3 2,071,386.31 6.243745% 06050HYE2 27.961724 2.775605 505.488265
B4 1,035,959.88 6.243745% 06050HYF9 27.961724 2.775605 505.488265
B5 1,035,426.43 6.243745% 06050HYG7 27.961724 2.775605 505.488265
B6 1,554,096.63 6.243745% 06050HYH5 27.961741 2.775606 505.488566
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 267,128,031.61 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 125,045,789.08 84,007,600.77 10,468,557.00
Loan count 276 199 20
Avg loan rate 6.702479% 5.971723% 7.796059%
Prepay amount 14,177,679.99 10,549,650.72 1,977,487.41
Total
-----
Prin balance 19,970,547.28 239,492,494.13
Loan count 41 536
Avg loan rate 5.654218% 6.41
Prepay amount 545,141.18 27,249,959.30
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 29,049.91 19,724.88 2,597.22
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 6,419.49 57,791.50
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 92.991781% 100.000000% 247,447,837.80
-----------------------------------------------------------------------------
Junior 7.008219% 0.000000% 18,648,621.67
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 3,102,274.20
60 to 89 days 1 468,242.79
90 or more 2 1,003,212.64
Foreclosure 1 378,505.60
Totals: 10 4,952,235.23
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 29,005,521.31 29,005,521.31
Principal remittance amount 27,635,536.15 27,635,536.15
Interest remittance amount 1,369,985.16 1,369,985.16