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): May 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 May 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 May
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: May 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 May 20, 2004
Payment Date: 05/20/04
------------------------------------------------------------
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 49,113,897.28 6.447606% 5,735,334.00 263,889.23 5,999,223.22 0.00 0.00
A2 1,320,266.06 6.000000% 154,175.65 6,601.33 160,776.98 0.00 0.00
A3 3,784,762.69 3.500000% 441,970.18 11,038.89 453,009.07 0.00 0.00
A4 29,974,528.37 5.000000% 3,500,311.34 124,893.87 3,625,205.21 0.00 0.00
A5 6,601,330.28 4.500000% 770,878.23 24,754.99 795,633.21 0.00 0.00
A6 22,004,434.26 4.200000% 2,569,594.08 77,015.52 2,646,609.60 0.00 0.00
A7 72,614.63 4.500000% 8,479.66 272.30 8,751.97 0.00 0.00
AIO 63,757,936.30 1.844379% 0.00 97,994.82 97,994.82 0.00 0.00
Residual AR 0.00 6.447606% 0.00 0.01 0.01 0.00 0.00
AMR 0.00 6.447606% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.447606% 0.00 0.00 0.00 0.00 0.00
2A1 76,331,235.44 5.672463% 9,666,316.73 360,821.77 10,027,138.50 0.00 0.00
2A2 3,053,221.35 5.672463% 386,649.11 14,432.74 401,081.85 0.00 0.00
3A1 9,763,205.99 7.558367% 348,388.91 61,494.91 409,883.82 0.00 0.00
4A1 18,824,377.44 4.698000% 1,584,111.99 73,697.44 1,657,809.43 0.00 0.00
4IO 18,824,377.44 0.592298% 0.00 9,291.36 9,291.36 0.00 0.00
BIO 0.00 0.000000% 0.00 13,210.05 13,210.05 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,324,742.02 4.526325% 516,339.46 35,172.34 551,511.80 0.00 0.00
B2 3,925,621.87 6.226325% 217,373.68 20,368.50 237,742.17 0.00 0.00
B3 1,962,810.93 6.226325% 108,686.84 10,184.25 118,871.09 0.00 0.00
B4 981,658.21 6.226325% 54,357.41 5,093.44 59,450.85 0.00 0.00
B5 981,152.72 6.226325% 54,329.42 5,090.81 59,420.24 0.00 0.00
B6 1,472,635.91 6.226325% 81,544.35 7,640.92 89,185.27 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 239,492,495.46 - 26,198,841.04 1,222,959.50 27,421,800.54 - -
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 43,378,563.28 0.00
A2 1,166,090.41 0.00
A3 3,342,792.51 0.00
A4 26,474,217.03 0.00
A5 5,830,452.05 0.00
A6 19,434,840.18 0.00
A7 64,134.97 0.00
AIO 56,312,527.16 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 66,664,918.71 0.00
2A2 2,666,572.23 0.00
3A1 9,414,817.08 0.00
4A1 17,240,265.44 0.00
4IO 17,240,265.44 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,808,402.57 0.00
B2 3,708,248.19 0.00
B3 1,854,124.09 0.00
B4 927,300.80 0.00
B5 926,823.30 0.00
B6 1,391,091.56 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 213,293,654.42 -
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Payment Date: 05/20/04
------------------------------------------------------------
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 49,113,897.28 6.447606% 06050HXK9 10.278376 0.472920 77.739361
A2 1,320,266.06 6.000000% 06050HXL7 10.278376 0.440089 77.739361
A3 3,784,762.69 3.500000% 06050HXM5 10.278376 0.256718 77.739361
A4 29,974,528.37 5.000000% 06050HXN3 10.278376 0.366741 77.739361
A5 6,601,330.28 4.500000% 06050HXP8 10.278376 0.330067 77.739361
A6 22,004,434.26 4.200000% 06050HXQ6 10.278376 0.308062 77.739361
A7 72,614.63 4.500000% 06050HXR4 10.278376 0.330067 77.739361
AIO 63,757,936.30 1.844379% 06050HXS2 0.000000 0.135282 77.739361
Residual AR 0.00 6.447606% 06050HXT0 0.000000 0.230399 0.000000
AMR 0.00 6.447606% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.447606% 06050HXV5 0.000000 0.000000 0.000000
2A1 76,331,235.44 5.672463% 06050HXW3 22.217383 0.829325 153.224860
2A2 3,053,221.35 5.672463% 06050HXX1 22.217383 0.829325 153.224860
3A1 9,763,205.99 7.558367% 06050HXY9 4.846273 0.855427 130.965072
4A1 18,824,377.44 4.698000% 06050HXZ6 16.181415 0.752806 176.106167
4IO 18,824,377.44 0.592298% 06050HYA0 0.000000 0.094910 176.106167
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,324,742.02 4.526325% 06050HYC6 27.990430 1.906670 477.497835
B2 3,925,621.87 6.226325% 06050HYD4 27.990430 2.622778 477.497835
B3 1,962,810.93 6.226325% 06050HYE2 27.990430 2.622778 477.497835
B4 981,658.21 6.226325% 06050HYF9 27.990430 2.622778 477.497835
B5 981,152.72 6.226325% 06050HYG7 27.990430 2.622778 477.497835
B6 1,472,635.91 6.226325% 06050HYH5 27.990446 2.622780 477.498119
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 239,492,495.46 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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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 111,180,409.36 73,667,009.50 10,107,371.97
Loan count 248 176 19
Avg loan rate 6.697606% 5.922463% 7.808367%
Prepay amount 13,666,156.98 10,228,243.12 342,539.53
Total
-----
Prin balance 18,338,862.26 213,293,653.09
Loan count 38 481
Avg loan rate 5.665298% 6.39
Prepay amount 1,605,571.47 25,842,511.10
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 26,051.21 17,501.58 2,180.95
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 6,240.80 51,974.53
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 92.612597% 100.000000% 220,843,873.79
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Junior 7.387403% 0.000000% 17,615,990.51
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 2 1,141,172.04
60 to 89 days 1 535,883.69
90 or more 2 815,186.69
Foreclosure 1 530,648.82
Totals: 6 3,022,891.24
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 27,421,800.54 27,421,800.54
Principal remittance amount 26,198,841.04 26,198,841.04
Interest remittance amount 1,222,959.50 1,222,959.50