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): August 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 August 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
August 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: August 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 August 20, 2004
Payment Date: 08/20/04
------------------------------------------------------------
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 36,070,525.78 6.438070% 2,596,792.61 193,520.47 2,790,313.08 0.00 0.00
A2 969,637.79 6.000000% 69,806.25 4,848.19 74,654.44 0.00 0.00
A3 2,779,628.33 3.500000% 200,111.26 8,107.25 208,218.51 0.00 0.00
A4 22,014,074.60 5.000000% 1,584,839.28 91,725.31 1,676,564.59 0.00 0.00
A5 4,848,188.95 4.500000% 349,031.26 18,180.71 367,211.97 0.00 0.00
A6 16,160,629.83 4.200000% 1,163,437.55 56,562.20 1,219,999.75 0.00 0.00
A7 53,330.08 4.500000% 3,839.34 199.99 4,039.33 0.00 0.00
AIO 46,825,489.58 1.834842% 0.00 71,597.83 71,597.83 0.00 0.00
Residual AR 0.00 6.438070% 0.00 0.02 0.02 0.00 0.00
AMR 0.00 6.438070% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.438070% 0.00 0.00 0.00 0.00 0.00
2A1 56,018,916.41 5.637856% 2,966,881.85 263,188.81 3,230,070.66 0.00 0.00
2A2 2,240,736.06 5.637856% 118,674.18 10,527.46 129,201.64 0.00 0.00
3A1 8,952,859.31 7.603262% 17,330.49 56,725.78 74,056.27 0.00 0.00
4A1 15,027,684.96 4.698000% 1,545,183.08 58,833.39 1,604,016.46 0.00 0.00
4IO 15,027,684.96 0.569926% 0.00 7,137.22 7,137.22 0.00 0.00
BIO 0.00 0.000000% 0.00 11,493.70 11,493.70 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,113,196.75 4.515778% 261,959.05 30,531.16 292,490.21 0.00 0.00
B2 3,415,573.59 6.215778% 110,282.10 17,692.04 127,974.14 0.00 0.00
B3 1,707,786.79 6.215778% 55,141.05 8,846.02 63,987.07 0.00 0.00
B4 854,113.30 6.215778% 27,577.63 4,424.15 32,001.78 0.00 0.00
B5 853,673.49 6.215778% 27,563.43 4,421.87 31,985.30 0.00 0.00
B6 1,281,299.27 6.215778% 41,370.61 6,636.89 48,007.51 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 181,361,855.28 - 11,139,821.02 925,200.46 12,065,021.48 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 33,473,733.18 0.00
A2 899,831.54 0.00
A3 2,579,517.07 0.00
A4 20,429,235.32 0.00
A5 4,499,157.68 0.00
A6 14,997,192.28 0.00
A7 49,490.73 0.00
AIO 43,454,424.63 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 53,052,034.57 0.00
2A2 2,122,061.87 0.00
3A1 8,935,528.81 0.00
4A1 13,482,501.89 0.00
4IO 13,482,501.89 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,851,237.70 0.00
B2 3,305,291.48 0.00
B3 1,652,645.74 0.00
B4 826,535.68 0.00
B5 826,110.07 0.00
B6 1,239,928.65 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 170,222,034.26 -
- --------------------------------------------------------------------------------
Payment Date: 08/20/04
------------------------------------------------------------
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 36,070,525.78 6.438070% 06050HXK9 4.653750 0.346811 59.988769
A2 969,637.79 6.000000% 06050HXL7 4.653750 0.323213 59.988769
A3 2,779,628.33 3.500000% 06050HXM5 4.653750 0.188541 59.988769
A4 22,014,074.60 5.000000% 06050HXN3 4.653750 0.269344 59.988769
A5 4,848,188.95 4.500000% 06050HXP8 4.653750 0.242409 59.988769
A6 16,160,629.83 4.200000% 06050HXQ6 4.653750 0.226249 59.988769
A7 53,330.08 4.500000% 06050HXR4 4.653750 0.242409 59.988769
AIO 46,825,489.58 1.834842% 06050HXS2 0.000000 0.098841 59.988769
Residual AR 0.00 6.438070% 06050HXT0 0.000000 0.487796 0.000000
AMR 0.00 6.438070% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.438070% 06050HXV5 0.000000 0.000000 0.000000
2A1 56,018,916.41 5.637856% 06050HXW3 6.819180 0.604922 121.936555
2A2 2,240,736.06 5.637856% 06050HXX1 6.819180 0.604922 121.936555
3A1 8,952,859.31 7.603262% 06050HXY9 0.241076 0.789086 124.297919
4A1 15,027,684.96 4.698000% 06050HXZ6 15.783763 0.600972 137.721298
4IO 15,027,684.96 0.569926% 06050HYA0 0.000000 0.072905 137.721298
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,113,196.75 4.515778% 06050HYC6 14.200631 1.655075 425.610544
B2 3,415,573.59 6.215778% 06050HYD4 14.200631 2.278141 425.610544
B3 1,707,786.79 6.215778% 06050HYE2 14.200631 2.278141 425.610544
B4 854,113.30 6.215778% 06050HYF9 14.200631 2.278141 425.610544
B5 853,673.49 6.215778% 06050HYG7 14.200631 2.278141 425.610544
B6 1,281,299.27 6.215778% 06050HYH5 14.200640 2.278142 425.610805
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 181,361,855.28 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 87,098,342.34 59,056,076.09 9,609,097.09
Loan count 195 145 18
Avg loan rate 6.688070% 5.887856% 7.853262%
Prepay amount 6,179,970.49 3,102,181.45 469.55
Total
-----
Prin balance 14,458,517.39 170,222,032.91
Loan count 31 389
Avg loan rate 5.642926% 6.38
Prepay amount 1,575,045.08 10,857,666.57
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 19,464.99 12,968.05 2,005.77
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 5,017.35 39,456.17
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 91.317227% 100.000000% 165,136,212.10
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Junior 8.682773% 0.000000% 15,701,749.32
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 1,366,071.09
60 to 89 days 1 533,627.13
90 or more 2 1,172,984.28
Foreclosure 1 530,648.82
Totals: 7 3,603,331.32
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 12,065,021.48 12,065,021.48
Principal remittance amount 11,139,821.02 11,139,821.02
Interest remittance amount 925,200.46 925,200.46