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): July 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 July 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
July 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: July 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 July 20, 2004
Payment Date: 07/20/04
------------------------------------------------------------
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 38,467,180.40 6.447282% 2,396,654.61 206,673.96 2,603,328.57 0.00 0.00
A2 1,034,063.99 6.000000% 64,426.20 5,170.32 69,596.52 0.00 0.00
A3 2,964,316.77 3.500000% 184,688.44 8,645.92 193,334.36 0.00 0.00
A4 23,476,768.37 5.000000% 1,462,693.77 97,819.87 1,560,513.64 0.00 0.00
A5 5,170,319.95 4.500000% 322,131.00 19,388.70 341,519.70 0.00 0.00
A6 17,234,399.82 4.200000% 1,073,769.99 60,320.40 1,134,090.39 0.00 0.00
A7 56,873.52 4.500000% 3,543.44 213.28 3,756.72 0.00 0.00
AIO 49,936,742.41 1.844054% 0.00 76,738.39 76,738.39 0.00 0.00
Residual AR 0.00 6.447282% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.447282% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.447282% 0.00 0.00 0.00 0.00 0.00
2A1 62,245,660.39 5.660452% 6,226,743.98 293,615.46 6,520,359.44 0.00 0.00
2A2 2,489,803.52 5.660452% 249,067.47 11,744.51 260,811.98 0.00 0.00
3A1 9,392,179.48 7.603876% 439,320.17 59,514.14 498,834.31 0.00 0.00
4A1 15,643,897.01 4.698000% 616,212.05 61,245.86 677,457.91 0.00 0.00
4IO 15,643,897.01 0.564665% 0.00 7,361.30 7,361.30 0.00 0.00
BIO 0.00 0.000000% 0.00 11,898.56 11,898.56 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,398,981.68 4.524501% 285,784.93 31,667.67 317,452.60 0.00 0.00
B2 3,535,886.14 6.224501% 120,312.56 18,340.94 138,653.50 0.00 0.00
B3 1,767,943.07 6.224501% 60,156.28 9,170.47 69,326.75 0.00 0.00
B4 884,199.19 6.224501% 30,085.89 4,586.42 34,672.30 0.00 0.00
B5 883,743.88 6.224501% 30,070.39 4,584.05 34,654.45 0.00 0.00
B6 1,326,432.62 6.224501% 45,133.36 6,880.32 52,013.67 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 194,972,649.81 - 13,610,794.52 995,580.52 14,606,375.04 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 36,070,525.78 0.00
A2 969,637.79 0.00
A3 2,779,628.33 0.00
A4 22,014,074.60 0.00
A5 4,848,188.95 0.00
A6 16,160,629.83 0.00
A7 53,330.08 0.00
AIO 46,825,489.58 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 56,018,916.41 0.00
2A2 2,240,736.06 0.00
3A1 8,952,859.31 0.00
4A1 15,027,684.96 0.00
4IO 15,027,684.96 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,113,196.75 0.00
B2 3,415,573.59 0.00
B3 1,707,786.79 0.00
B4 854,113.30 0.00
B5 853,673.49 0.00
B6 1,281,299.27 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 181,361,855.28 -
- --------------------------------------------------------------------------------
Payment Date: 07/20/04
------------------------------------------------------------
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 38,467,180.40 6.447282% 06050HXK9 4.295080 0.370383 64.642519
A2 1,034,063.99 6.000000% 06050HXL7 4.295080 0.344688 64.642519
A3 2,964,316.77 3.500000% 06050HXM5 4.295080 0.201068 64.642519
A4 23,476,768.37 5.000000% 06050HXN3 4.295080 0.287240 64.642519
A5 5,170,319.95 4.500000% 06050HXP8 4.295080 0.258516 64.642519
A6 17,234,399.82 4.200000% 06050HXQ6 4.295080 0.241282 64.642519
A7 56,873.52 4.500000% 06050HXR4 4.295080 0.258516 64.642519
AIO 49,936,742.41 1.844054% 06050HXS2 0.000000 0.105937 64.642519
Residual AR 0.00 6.447282% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.447282% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.447282% 06050HXV5 0.000000 0.000000 0.000000
2A1 62,245,660.39 5.660452% 06050HXW3 14.311755 0.674856 128.755735
2A2 2,489,803.52 5.660452% 06050HXX1 14.311755 0.674856 128.755735
3A1 9,392,179.48 7.603876% 06050HXY9 6.111175 0.827873 124.538995
4A1 15,643,897.01 4.698000% 06050HXZ6 6.294494 0.625615 153.505061
4IO 15,643,897.01 0.564665% 06050HYA0 0.000000 0.075194 153.505061
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,398,981.68 4.524501% 06050HYC6 15.492217 1.716684 439.811175
B2 3,535,886.14 6.224501% 06050HYD4 15.492217 2.361697 439.811175
B3 1,767,943.07 6.224501% 06050HYE2 15.492217 2.361697 439.811175
B4 884,199.19 6.224501% 06050HYF9 15.492217 2.361697 439.811175
B5 883,743.88 6.224501% 06050HYG7 15.492217 2.361697 439.811175
B6 1,326,432.62 6.224501% 06050HYH5 15.492218 2.361698 439.811446
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 194,972,649.81 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 93,431,973.10 62,246,643.02 9,627,716.24
Loan count 206 150 18
Avg loan rate 6.697282% 5.910452% 7.853876%
Prepay amount 5,670,785.44 6,586,465.40 437,095.83
Total
-----
Prin balance 16,055,521.57 181,361,853.93
Loan count 33 407
Avg loan rate 5.637665% 6.39
Prepay amount 614,356.57 13,308,703.24
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 20,680.90 14,360.13 2,100.68
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 5,216.39 42,358.10
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 91.653523% 100.000000% 178,175,463.21
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Junior 8.346477% 0.000000% 16,225,643.18
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 5 2,147,024.19
60 to 89 days 1 700,420.46
90 or more 1 472,563.82
Foreclosure 1 530,648.82
Totals: 8 3,850,657.29
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 14,606,375.04 14,606,375.04
Principal remittance amount 13,610,794.52 13,610,794.52
Interest remittance amount 995,580.52 995,580.52