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): November 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 November 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
November 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: November 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 November 20, 2004
Payment Date: 11/20/04
------------------------------------------------------------
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 30,050,827.55 6.435101% 832,625.07 161,150.10 993,775.17 0.00 0.00
A2 807,817.94 6.000000% 22,382.39 4,039.09 26,421.48 0.00 0.00
A3 2,315,744.78 3.500000% 64,162.86 6,754.26 70,917.12 0.00 0.00
A4 18,340,213.93 5.000000% 508,156.45 76,417.56 584,574.01 0.00 0.00
A5 4,039,089.72 4.500000% 111,911.97 15,146.59 127,058.56 0.00 0.00
A6 13,463,632.41 4.200000% 373,039.91 47,122.71 420,162.62 0.00 0.00
A7 44,429.99 4.500000% 1,231.03 166.61 1,397.64 0.00 0.00
AIO 39,010,928.77 1.831874% 0.00 59,552.58 59,552.58 0.00 0.00
Residual AR 0.00 6.435101% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.435101% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.435101% 0.00 0.00 0.00 0.00 0.00
2A1 51,225,095.66 5.599176% 1,151,256.07 239,015.27 1,390,271.34 0.00 0.00
2A2 2,048,984.99 5.599176% 46,049.82 9,560.52 55,610.34 0.00 0.00
3A1 7,936,771.17 7.417360% 16,853.86 49,058.24 65,912.10 0.00 0.00
4A1 11,886,347.24 4.698000% 432,532.35 46,535.05 479,067.39 0.00 0.00
4IO 11,886,347.24 0.526268% 0.00 5,212.83 5,212.83 0.00 0.00
BIO 0.00 0.000000% 0.00 10,642.12 10,642.12 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,512,085.52 4.490622% 98,173.62 28,111.61 126,285.23 0.00 0.00
B2 3,162,511.85 6.190622% 41,330.10 16,314.93 57,645.03 0.00 0.00
B3 1,581,255.93 6.190622% 20,665.05 8,157.46 28,822.51 0.00 0.00
B4 790,831.58 6.190622% 10,335.19 4,079.78 14,414.97 0.00 0.00
B5 790,424.35 6.190622% 10,329.86 4,077.68 14,407.55 0.00 0.00
B6 1,186,367.16 6.190622% 15,504.31 6,120.29 21,624.60 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 157,182,431.76 - 3,756,539.92 797,235.29 4,553,775.21 - -
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 29,218,202.48 0.00
A2 785,435.55 0.00
A3 2,251,581.91 0.00
A4 17,832,057.48 0.00
A5 3,927,177.75 0.00
A6 13,090,592.51 0.00
A7 43,198.96 0.00
AIO 37,930,044.15 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 50,073,839.59 0.00
2A2 2,002,935.17 0.00
3A1 7,919,917.31 0.00
4A1 11,453,814.89 0.00
4IO 11,453,814.89 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,413,911.90 0.00
B2 3,121,181.75 0.00
B3 1,560,590.88 0.00
B4 780,496.39 0.00
B5 780,094.49 0.00
B6 1,170,862.85 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 153,425,891.84 -
- --------------------------------------------------------------------------------
Payment Date: 11/20/04
------------------------------------------------------------
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 30,050,827.55 6.435101% 06050HXK9 1.492160 0.288799 52.362370
A2 807,817.94 6.000000% 06050HXL7 1.492160 0.269273 52.362370
A3 2,315,744.78 3.500000% 06050HXM5 1.492160 0.157076 52.362370
A4 18,340,213.93 5.000000% 06050HXN3 1.492160 0.224394 52.362370
A5 4,039,089.72 4.500000% 06050HXP8 1.492160 0.201954 52.362370
A6 13,463,632.41 4.200000% 06050HXQ6 1.492160 0.188491 52.362370
A7 44,429.99 4.500000% 06050HXR4 1.492160 0.201954 52.362370
AIO 39,010,928.77 1.831874% 06050HXS2 0.000000 0.082212 52.362370
Residual AR 0.00 6.435101% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.435101% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.435101% 06050HXV5 0.000000 0.000000 0.000000
2A1 51,225,095.66 5.599176% 06050HXW3 2.646085 0.549361 115.091373
2A2 2,048,984.99 5.599176% 06050HXX1 2.646085 0.549361 115.091373
3A1 7,936,771.17 7.417360% 06050HXY9 0.234446 0.682426 110.170227
4A1 11,886,347.24 4.698000% 06050HXZ6 4.418239 0.475347 116.998630
4IO 11,886,347.24 0.526268% 06050HYA0 0.000000 0.053248 116.998630
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,512,085.52 4.490622% 06050HYC6 5.321929 1.523912 401.903393
B2 3,162,511.85 6.190622% 06050HYD4 5.321929 2.100815 401.903393
B3 1,581,255.93 6.190622% 06050HYE2 5.321929 2.100815 401.903393
B4 790,831.58 6.190622% 06050HYF9 5.321929 2.100815 401.903393
B5 790,424.35 6.190622% 06050HYG7 5.321929 2.100815 401.903393
B6 1,186,367.16 6.190622% 06050HYH5 5.321920 2.100816 401.903674
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 157,182,431.76 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2002-K Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 76,672,585.05 55,843,725.50 8,554,484.02
Loan count 173 137 16
Avg loan rate 6.685101% 5.849176% 7.667360%
Prepay amount 1,912,004.82 1,155,417.71 365.47
Total
-----
Prin balance 12,355,095.82 153,425,890.39
Loan count 27 353
Avg loan rate 5.599268% 6.35
Prepay amount 430,833.09 3,498,621.09
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 16,400.00 11,892.78 1,785.97
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 4,001.37 34,080.13
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
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Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 90.555126% 100.000000% 142,158,955.38
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Junior 9.444874% 0.000000% 14,827,138.25
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 2 747,143.41
60 to 89 days 0 0.00
90 or more 1 323,875.45
Foreclosure 3 1,760,853.25
Totals: 6 2,831,872.11
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 4,553,775.21 4,553,775.21
Principal remittance amount 3,756,539.92 3,756,539.92
Interest remittance amount 797,235.29 797,235.29