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): January 20, 2005
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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions.
[]Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01 Other Events
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
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: January 20, 2005
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 January 20, 2005
Payment Date: 01/20/05
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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 27,463,500.93 6.429005% 1,338,574.77 147,135.82 1,485,710.59 0.00 0.00
A2 738,266.15 6.000000% 35,983.19 3,691.33 39,674.52 0.00 0.00
A3 2,116,362.97 3.500000% 103,151.82 6,172.73 109,324.54 0.00 0.00
A4 16,761,151.80 5.000000% 816,940.82 69,838.13 886,778.95 0.00 0.00
A5 3,691,330.77 4.500000% 179,915.96 13,842.49 193,758.45 0.00 0.00
A6 12,304,435.90 4.200000% 599,719.88 43,065.53 642,785.40 0.00 0.00
A7 40,604.64 4.500000% 1,979.08 152.27 2,131.34 0.00 0.00
AIO 35,652,152.24 1.825778% 0.00 54,244.08 54,244.08 0.00 0.00
Residual AR 0.00 6.429005% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.429005% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.429005% 0.00 0.00 0.00 0.00 0.00
2A1 48,076,393.51 5.590667% 3,272,336.50 223,982.60 3,496,319.10 0.00 0.00
2A2 1,923,038.06 5.590667% 130,892.26 8,959.22 139,851.48 0.00 0.00
3A1 7,902,399.88 7.082180% 926,599.81 46,638.52 973,238.33 0.00 0.00
4A1 10,700,153.73 4.698000% 909,270.34 41,891.10 951,161.44 0.00 0.00
4IO 10,700,153.73 0.536196% 0.00 4,781.15 4,781.15 0.00 0.00
BIO 0.00 0.000000% 0.00 10,232.45 10,232.45 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,222,905.32 4.471266% 207,773.07 26,912.94 234,686.01 0.00 0.00
B2 3,040,769.92 6.171266% 87,470.36 15,637.83 103,108.19 0.00 0.00
B3 1,520,384.96 6.171266% 43,735.18 7,818.92 51,554.09 0.00 0.00
B4 760,388.25 6.171266% 21,873.22 3,910.47 25,783.69 0.00 0.00
B5 759,996.70 6.171266% 21,861.96 3,908.45 25,770.41 0.00 0.00
B6 1,140,697.60 6.171266% 32,813.12 5,866.29 38,679.41 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 146,162,781.10 - 8,730,891.33 738,682.31 9,469,573.64 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 26,124,926.16 0.00
A2 702,282.96 0.00
A3 2,013,211.16 0.00
A4 15,944,210.98 0.00
A5 3,511,414.81 0.00
A6 11,704,716.02 0.00
A7 38,625.56 0.00
AIO 33,914,461.49 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 44,804,057.01 0.00
2A2 1,792,145.80 0.00
3A1 6,975,800.07 0.00
4A1 9,790,883.39 0.00
4IO 9,790,883.39 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,015,132.25 0.00
B2 2,953,299.56 0.00
B3 1,476,649.78 0.00
B4 738,515.03 0.00
B5 738,134.75 0.00
B6 1,107,884.48 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 137,431,889.77 -
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Payment Date: 01/20/05
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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 27,463,500.93 6.429005% 06050HXK9 2.398880 0.263684 46.818864
A2 738,266.15 6.000000% 06050HXL7 2.398880 0.246089 46.818864
A3 2,116,362.97 3.500000% 06050HXM5 2.398880 0.143552 46.818864
A4 16,761,151.80 5.000000% 06050HXN3 2.398880 0.205074 46.818864
A5 3,691,330.77 4.500000% 06050HXP8 2.398880 0.184567 46.818864
A6 12,304,435.90 4.200000% 06050HXQ6 2.398880 0.172262 46.818864
A7 40,604.64 4.500000% 06050HXR4 2.398880 0.184567 46.818864
AIO 35,652,152.24 1.825778% 06050HXS2 0.000000 0.074884 46.818864
Residual AR 0.00 6.429005% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.429005% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.429005% 06050HXV5 0.000000 0.000000 0.000000
2A1 48,076,393.51 5.590667% 06050HXW3 7.521247 0.514809 102.979130
2A2 1,923,038.06 5.590667% 06050HXX1 7.521247 0.514809 102.979130
3A1 7,902,399.88 7.082180% 06050HXY9 12.889492 0.648766 97.037059
4A1 10,700,153.73 4.698000% 06050HXZ6 9.288031 0.427910 100.012088
4IO 10,700,153.73 0.536196% 06050HYA0 0.000000 0.048839 100.012088
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,222,905.32 4.471266% 06050HYC6 11.263244 1.458933 380.285805
B2 3,040,769.92 6.171266% 06050HYD4 11.263244 2.013628 380.285805
B3 1,520,384.96 6.171266% 06050HYE2 11.263244 2.013628 380.285805
B4 760,388.25 6.171266% 06050HYF9 11.263244 2.013628 380.285805
B5 759,996.70 6.171266% 06050HYG7 11.263244 2.013628 380.285805
B6 1,140,697.60 6.171266% 06050HYH5 11.263245 2.013629 380.286078
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 146,162,781.10 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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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 69,069,095.81 50,163,547.65 7,572,567.40
Loan count 154 124 15
Avg loan rate 6.679005% 5.840667% 7.332180%
Prepay amount 3,167,201.81 3,444,158.36 944,354.89
Total
-----
Prin balance 10,626,677.44 137,431,888.30
Loan count 23 316
Avg loan rate 5.609196% 6.32
Prepay amount 928,372.72 8,484,087.78
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 15,075.85 11,185.60 1,778.25
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 3,616.32 31,656.02
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
- --------------------------------------------------------------------------------
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 90.374010% 100.000000% 131,717,638.35
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Junior 9.625990% 0.000000% 14,029,615.85
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 1 335,299.75
60 to 89 days 1 529,783.97
90 or more 0 0.00
Foreclosure 3 1,554,944.73
Totals: 5 2,420,028.45
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 9,469,573.64 9,469,573.64
Principal remittance amount 8,730,891.33 8,730,891.33
Interest remittance amount 738,682.31 738,682.31