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): February 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: February 20, 2005
BOA
By: /s/ Melissa Minneci
------------------------------
Name: Melissa Minneci
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated February 20, 2005
Payment Date: 02/20/05
------------------------------------------------------------
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 26,124,926.16 6.426053% 172,972.28 139,900.14 312,872.42 0.00 0.00
A2 702,282.96 6.000000% 4,649.79 3,511.41 8,161.21 0.00 0.00
A3 2,013,211.16 3.500000% 13,329.41 5,871.87 19,201.27 0.00 0.00
A4 15,944,210.98 5.000000% 105,566.10 66,434.21 172,000.31 0.00 0.00
A5 3,511,414.81 4.500000% 23,248.96 13,167.81 36,416.77 0.00 0.00
A6 11,704,716.02 4.200000% 77,496.54 40,966.51 118,463.05 0.00 0.00
A7 38,625.56 4.500000% 255.74 144.85 400.58 0.00 0.00
AIO 33,914,461.49 1.822826% 0.00 51,516.80 51,516.80 0.00 0.00
Residual AR 0.00 6.426053% 0.00 0.00 0.00 0.00 0.00
AMR 0.00 6.426053% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.426053% 0.00 0.00 0.00 0.00 0.00
2A1 44,804,057.01 5.576952% 1,411,059.85 208,225.07 1,619,284.92 0.00 0.00
2A2 1,792,145.80 5.576952% 56,441.88 8,328.93 64,770.80 0.00 0.00
3A1 6,975,800.07 6.966363% 379,854.86 40,496.63 420,351.49 0.00 0.00
4A1 9,790,883.39 4.698000% 1,007,683.75 38,331.31 1,046,015.06 0.00 0.00
4IO 9,790,883.39 0.518519% 0.00 4,230.63 4,230.63 0.00 0.00
BIO 0.00 0.000000% 0.00 9,938.10 9,938.10 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,015,132.25 4.461077% 75,828.51 26,079.20 101,907.72 0.00 0.00
B2 2,953,299.56 6.161077% 31,923.04 15,162.92 47,085.96 0.00 0.00
B3 1,476,649.78 6.161077% 15,961.52 7,581.46 23,542.98 0.00 0.00
B4 738,515.03 6.161077% 7,982.81 3,791.71 11,774.52 0.00 0.00
B5 738,134.75 6.161077% 7,978.70 3,789.75 11,768.46 0.00 0.00
B6 1,107,884.48 6.161077% 11,975.36 5,688.13 17,663.50 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 137,431,889.77 - 3,404,209.11 693,157.44 4,097,366.55 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 25,951,953.88 0.00
A2 697,633.17 0.00
A3 1,999,881.75 0.00
A4 15,838,644.88 0.00
A5 3,488,165.84 0.00
A6 11,627,219.48 0.00
A7 38,369.82 0.00
AIO 33,689,914.95 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 43,392,997.16 0.00
2A2 1,735,703.93 0.00
3A1 6,595,945.21 0.00
4A1 8,783,199.63 0.00
4IO 8,783,199.63 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 6,939,303.73 0.00
B2 2,921,376.53 0.00
B3 1,460,688.26 0.00
B4 730,532.22 0.00
B5 730,156.04 0.00
B6 1,095,909.12 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 134,027,680.66 -
- --------------------------------------------------------------------------------
Payment Date: 02/20/05
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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 26,124,926.16 6.426053% 06050HXK9 0.309986 0.250717 46.508878
A2 702,282.96 6.000000% 06050HXL7 0.309986 0.234094 46.508878
A3 2,013,211.16 3.500000% 06050HXM5 0.309986 0.136555 46.508878
A4 15,944,210.98 5.000000% 06050HXN3 0.309986 0.195079 46.508878
A5 3,511,414.81 4.500000% 06050HXP8 0.309986 0.175571 46.508878
A6 11,704,716.02 4.200000% 06050HXQ6 0.309986 0.163866 46.508878
A7 38,625.56 4.500000% 06050HXR4 0.309986 0.175571 46.508878
AIO 33,914,461.49 1.822826% 06050HXS2 0.000000 0.071119 46.508878
Residual AR 0.00 6.426053% 06050HXT0 0.000000 0.000000 0.000000
AMR 0.00 6.426053% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.426053% 06050HXV5 0.000000 0.000000 0.000000
2A1 44,804,057.01 5.576952% 06050HXW3 3.243227 0.478591 99.735904
2A2 1,792,145.80 5.576952% 06050HXX1 3.243227 0.478591 99.735904
3A1 6,975,800.07 6.966363% 06050HXY9 5.283982 0.563329 91.753077
4A1 9,790,883.39 4.698000% 06050HXZ6 10.293306 0.391547 89.718782
4IO 9,790,883.39 0.518519% 06050HYA0 0.000000 0.043215 89.718782
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,015,132.25 4.461077% 06050HYC6 4.110615 1.413737 376.175190
B2 2,953,299.56 6.161077% 06050HYD4 4.110615 1.952475 376.175190
B3 1,476,649.78 6.161077% 06050HYE2 4.110615 1.952475 376.175190
B4 738,515.03 6.161077% 06050HYF9 4.110615 1.952475 376.175190
B5 738,134.75 6.161077% 06050HYG7 4.110615 1.952475 376.175190
B6 1,107,884.48 6.161077% 06050HYH5 4.110594 1.952476 376.175484
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 137,431,889.77 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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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 68,635,111.69 48,639,044.56 7,176,439.30
Loan count 153 120 14
Avg loan rate 6.676053% 5.826952% 7.216363%
Prepay amount 310,115.24 1,445,914.40 379,263.80
Total
-----
Prin balance 9,577,083.57 134,027,679.12
Loan count 21 308
Avg loan rate 5.591519% 6.31
Prepay amount 1,033,457.94 3,168,751.38
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 14,389.39 10,450.74 1,577.62
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 3,320.84 29,738.59
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 89.890777% 100.000000% 123,402,273.93
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Junior 10.109223% 0.000000% 13,877,965.90
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,502,009.62
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 4 2,084,728.70
Totals: 8 3,586,738.32
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 4,097,366.55 4,097,366.55
Principal remittance amount 3,404,209.11 3,404,209.11
Interest remittance amount 693,157.44 693,157.44