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): October 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 October 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
October 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: October 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 October 20, 2004
Payment Date: 10/20/04
------------------------------------------------------------
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 31,632,218.05 6.436366% 1,581,390.50 169,663.78 1,751,054.28 0.00 0.00
A2 850,328.44 6.000000% 42,510.50 4,251.64 46,762.14 0.00 0.00
A3 2,437,608.20 3.500000% 121,863.43 7,109.69 128,973.12 0.00 0.00
A4 19,305,346.75 5.000000% 965,132.82 80,438.94 1,045,571.77 0.00 0.00
A5 4,251,642.21 4.500000% 212,552.49 15,943.66 228,496.14 0.00 0.00
A6 14,172,140.70 4.200000% 708,508.29 49,602.49 758,110.78 0.00 0.00
A7 46,768.06 4.500000% 2,338.08 175.38 2,513.46 0.00 0.00
AIO 41,063,834.37 1.833138% 0.00 62,729.75 62,729.75 0.00 0.00
Residual AR 0.00 6.436366% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.436366% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.436366% 0.00 0.00 0.00 0.00 0.00
2A1 51,676,841.31 5.602593% 451,745.64 241,270.24 693,015.89 0.00 0.00
2A2 2,067,054.65 5.602593% 18,069.66 9,650.72 27,720.38 0.00 0.00
3A1 7,953,616.34 7.417040% 16,845.17 49,160.24 66,005.41 0.00 0.00
4A1 12,470,956.87 4.698000% 584,609.63 48,823.80 633,433.42 0.00 0.00
4IO 12,470,956.87 0.532910% 0.00 5,538.25 5,538.25 0.00 0.00
BIO 0.00 0.000000% 0.00 10,842.55 10,842.55 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,653,567.46 4.494515% 141,481.95 28,665.90 170,147.84 0.00 0.00
B2 3,222,074.32 6.194515% 59,562.47 16,632.66 76,195.12 0.00 0.00
B3 1,611,037.16 6.194515% 29,781.23 8,316.33 38,097.56 0.00 0.00
B4 805,726.03 6.194515% 14,894.45 4,159.24 19,053.69 0.00 0.00
B5 805,311.13 6.194515% 14,886.78 4,157.09 19,043.88 0.00 0.00
B6 1,208,711.07 6.194515% 22,343.91 6,239.48 28,583.39 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 162,170,948.74 - 4,988,516.98 823,371.83 5,811,888.81 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 30,050,827.55 0.00
A2 807,817.94 0.00
A3 2,315,744.78 0.00
A4 18,340,213.93 0.00
A5 4,039,089.72 0.00
A6 13,463,632.41 0.00
A7 44,429.99 0.00
AIO 39,010,928.77 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 51,225,095.66 0.00
2A2 2,048,984.99 0.00
3A1 7,936,771.17 0.00
4A1 11,886,347.24 0.00
4IO 11,886,347.24 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,512,085.52 0.00
B2 3,162,511.85 0.00
B3 1,581,255.93 0.00
B4 790,831.58 0.00
B5 790,424.35 0.00
B6 1,186,367.16 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 157,182,431.76 -
- --------------------------------------------------------------------------------
Payment Date: 10/20/04
------------------------------------------------------------
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 31,632,218.05 6.436366% 06050HXK9 2.834033 0.304057 53.854530
A2 850,328.44 6.000000% 06050HXL7 2.834033 0.283443 53.854530
A3 2,437,608.20 3.500000% 06050HXM5 2.834033 0.165342 53.854530
A4 19,305,346.75 5.000000% 06050HXN3 2.834033 0.236202 53.854530
A5 4,251,642.21 4.500000% 06050HXP8 2.834033 0.212582 53.854530
A6 14,172,140.70 4.200000% 06050HXQ6 2.834033 0.198410 53.854530
A7 46,768.06 4.500000% 06050HXR4 2.834033 0.212582 53.854530
AIO 41,063,834.37 1.833138% 06050HXS2 0.000000 0.086598 53.854530
Residual AR 0.00 6.436366% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.436366% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.436366% 06050HXV5 0.000000 0.000000 0.000000
2A1 51,676,841.31 5.602593% 06050HXW3 1.038307 0.554544 117.737458
2A2 2,067,054.65 5.602593% 06050HXX1 1.038307 0.554544 117.737458
3A1 7,953,616.34 7.417040% 06050HXY9 0.234325 0.683845 110.404674
4A1 12,470,956.87 4.698000% 06050HXZ6 5.971681 0.498726 121.416869
4IO 12,470,956.87 0.532910% 06050HYA0 0.000000 0.056572 121.416869
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,653,567.46 4.494515% 06050HYC6 7.669645 1.553960 407.225322
B2 3,222,074.32 6.194515% 06050HYD4 7.669645 2.141728 407.225322
B3 1,611,037.16 6.194515% 06050HYE2 7.669645 2.141728 407.225322
B4 805,726.03 6.194515% 06050HYF9 7.669645 2.141728 407.225322
B5 805,311.13 6.194515% 06050HYG7 7.669645 2.141728 407.225322
B6 1,208,711.07 6.194515% 06050HYH5 7.669641 2.141729 407.225595
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 162,170,948.74 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 78,720,001.56 57,085,357.94 8,572,673.59
Loan count 178 140 16
Avg loan rate 6.686366% 5.852593% 7.667040%
Prepay amount 3,735,197.20 402,821.21 465.89
Total
-----
Prin balance 12,804,397.25 157,182,430.34
Loan count 28 362
Avg loan rate 5.605910% 6.35
Prepay amount 587,468.37 4,725,952.67
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 17,207.26 11,994.65 1,789.76
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 4,190.92 35,182.59
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 90.719833% 100.000000% 146,864,521.58
-----------------------------------------------------------------------------
Junior 9.280167% 0.000000% 15,023,476.38
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 58 19,943,179.75
60 to 89 days 1 323,875.45
90 or more 1 472,563.82
Foreclosure 3 1,764,696.41
Totals: 63 22,504,315.43
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 5,811,888.81 5,811,888.81
Principal remittance amount 4,988,516.98 4,988,516.98
Interest remittance amount 823,371.83 823,371.83