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): September 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 September 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
September 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: September 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 September 20, 2004
Payment Date: 09/20/04
------------------------------------------------------------
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 33,473,733.18 6.440384% 1,841,515.13 179,653.09 2,021,168.22 0.00 0.00
A2 899,831.54 6.000000% 49,503.09 4,499.16 54,002.25 0.00 0.00
A3 2,579,517.07 3.500000% 141,908.87 7,523.59 149,432.46 0.00 0.00
A4 20,429,235.32 5.000000% 1,123,888.56 85,121.81 1,209,010.38 0.00 0.00
A5 4,499,157.68 4.500000% 247,515.47 16,871.84 264,387.32 0.00 0.00
A6 14,997,192.28 4.200000% 825,051.58 52,490.17 877,541.75 0.00 0.00
A7 49,490.73 4.500000% 2,722.67 185.59 2,908.26 0.00 0.00
AIO 43,454,424.63 1.837157% 0.00 66,527.17 66,527.17 0.00 0.00
Residual AR 0.00 6.440384% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.440384% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.440384% 0.00 0.00 0.00 0.00 0.00
2A1 53,052,034.57 5.606107% 1,375,193.26 247,846.14 1,623,039.40 0.00 0.00
2A2 2,122,061.87 5.606107% 55,007.22 9,913.75 64,920.98 0.00 0.00
3A1 8,935,528.81 7.514116% 981,912.47 55,952.17 1,037,864.64 0.00 0.00
4A1 13,482,501.89 4.698000% 1,011,545.02 52,783.99 1,064,329.01 0.00 0.00
4IO 13,482,501.89 0.539417% 0.00 6,060.58 6,060.58 0.00 0.00
BIO 0.00 0.000000% 0.00 11,122.59 11,122.59 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,851,237.70 4.505409% 197,670.24 29,477.53 227,147.76 0.00 0.00
B2 3,305,291.48 6.205409% 83,217.17 17,092.24 100,309.40 0.00 0.00
B3 1,652,645.74 6.205409% 41,608.58 8,546.12 50,154.70 0.00 0.00
B4 826,535.68 6.205409% 20,809.65 4,274.16 25,083.81 0.00 0.00
B5 826,110.07 6.205409% 20,798.93 4,271.96 25,070.89 0.00 0.00
B6 1,239,928.65 6.205409% 31,217.59 6,411.89 37,629.47 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
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Totals - - 170,222,034.26 - 8,051,085.52 866,625.53 8,917,711.05 - -
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 31,632,218.05 0.00
A2 850,328.44 0.00
A3 2,437,608.20 0.00
A4 19,305,346.75 0.00
A5 4,251,642.21 0.00
A6 14,172,140.70 0.00
A7 46,768.06 0.00
AIO 41,063,834.37 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 51,676,841.31 0.00
2A2 2,067,054.65 0.00
3A1 7,953,616.34 0.00
4A1 12,470,956.87 0.00
4IO 12,470,956.87 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,653,567.46 0.00
B2 3,222,074.32 0.00
B3 1,611,037.16 0.00
B4 805,726.03 0.00
B5 805,311.13 0.00
B6 1,208,711.07 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 162,170,948.74 -
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Payment Date: 09/20/04
------------------------------------------------------------
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 33,473,733.18 6.440384% 06050HXK9 3.300206 0.321959 56.688563
A2 899,831.54 6.000000% 06050HXL7 3.300206 0.299944 56.688563
A3 2,579,517.07 3.500000% 06050HXM5 3.300206 0.174967 56.688563
A4 20,429,235.32 5.000000% 06050HXN3 3.300206 0.249953 56.688563
A5 4,499,157.68 4.500000% 06050HXP8 3.300206 0.224958 56.688563
A6 14,997,192.28 4.200000% 06050HXQ6 3.300206 0.209961 56.688563
A7 49,490.73 4.500000% 06050HXR4 3.300206 0.224958 56.688563
AIO 43,454,424.63 1.837157% 06050HXS2 0.000000 0.091841 56.688563
Residual AR 0.00 6.440384% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.440384% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.440384% 06050HXV5 0.000000 0.000000 0.000000
2A1 53,052,034.57 5.606107% 06050HXW3 3.160790 0.569658 118.775766
2A2 2,122,061.87 5.606107% 06050HXX1 3.160790 0.569658 118.775766
3A1 8,935,528.81 7.514116% 06050HXY9 13.658920 0.778324 110.638999
4A1 13,482,501.89 4.698000% 06050HXZ6 10.332748 0.539179 127.388550
4IO 13,482,501.89 0.539417% 06050HYA0 0.000000 0.061908 127.388550
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,851,237.70 4.505409% 06050HYC6 10.715576 1.597958 414.894967
B2 3,305,291.48 6.205409% 06050HYD4 10.715576 2.200906 414.894967
B3 1,652,645.74 6.205409% 06050HYE2 10.715576 2.200906 414.894967
B4 826,535.68 6.205409% 06050HYF9 10.715576 2.200906 414.894967
B5 826,110.07 6.205409% 06050HYG7 10.715576 2.200906 414.894967
B6 1,239,928.65 6.205409% 06050HYH5 10.715570 2.200907 414.895236
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 170,222,034.26 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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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 82,594,863.75 57,574,302.84 8,590,849.71
Loan count 187 141 16
Avg loan rate 6.690384% 5.856107% 7.764116%
Prepay amount 4,358,829.89 1,394,406.35 999,790.25
Total
-----
Prin balance 13,410,931.05 162,170,947.35
Loan count 29 373
Avg loan rate 5.612417% 6.37
Prepay amount 1,027,353.47 7,780,379.96
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 18,145.49 12,303.35 2,001.90
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 4,518.29 36,969.02
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
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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
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Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 90.987032% 100.000000% 154,520,284.95
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Junior 9.012968% 0.000000% 15,306,427.16
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,683,669.05
60 to 89 days 0 0.00
90 or more 2 1,006,190.95
Foreclosure 2 1,231,069.28
Totals: 8 3,920,929.28
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 8,917,711.05 8,917,711.05
Principal remittance amount 8,051,085.52 8,051,085.52
Interest remittance amount 866,625.53 866,625.53