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): March 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: March 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 March 20, 2005
Payment Date: 03/20/05
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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 25,951,953.88 6.427743% 741,018.54 139,010.41 880,028.95 0.00 0.00
A2 697,633.17 6.000000% 19,919.85 3,488.17 23,408.02 0.00 0.00
A3 1,999,881.75 3.500000% 57,103.58 5,832.99 62,936.57 0.00 0.00
A4 15,838,644.88 5.000000% 452,248.39 65,994.35 518,242.75 0.00 0.00
A5 3,488,165.84 4.500000% 99,599.27 13,080.62 112,679.89 0.00 0.00
A6 11,627,219.48 4.200000% 331,997.55 40,695.27 372,692.82 0.00 0.00
A7 38,369.82 4.500000% 1,095.59 143.89 1,239.48 0.00 0.00
AIO 33,689,914.95 1.824516% 0.00 51,223.15 51,223.15 0.00 0.00
Residual AR 0.00 6.427743% 0.00 0.07 0.07 0.00 0.00
AMR 0.00 6.427743% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.427743% 0.00 0.00 0.00 0.00 0.00
2A1 43,392,997.16 5.579409% 893,649.85 201,756.06 1,095,405.91 0.00 0.00
2A2 1,735,703.93 5.579409% 35,745.67 8,070.17 43,815.83 0.00 0.00
3A1 6,595,945.21 6.951403% 399,015.14 38,209.23 437,224.37 0.00 0.00
4A1 8,783,199.63 4.698000% 413,144.81 34,386.23 447,531.03 0.00 0.00
4IO 8,783,199.63 0.490508% 0.00 3,590.19 3,590.19 0.00 0.00
BIO 0.00 0.000000% 0.00 9,830.68 9,830.68 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 6,939,303.73 4.464176% 100,825.50 25,815.23 126,640.73 0.00 0.00
B2 2,921,376.53 6.164176% 42,446.51 15,006.57 57,453.08 0.00 0.00
B3 1,460,688.26 6.164176% 21,223.26 7,503.28 28,726.54 0.00 0.00
B4 730,532.22 6.164176% 10,614.36 3,752.61 14,366.97 0.00 0.00
B5 730,156.04 6.164176% 10,608.90 3,750.68 14,359.57 0.00 0.00
B6 1,095,909.12 6.164176% 15,923.15 5,629.48 21,552.63 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 134,027,680.66 - 3,646,179.91 676,769.31 4,322,949.22 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 25,210,935.34 0.00
A2 677,713.32 0.00
A3 1,942,778.17 0.00
A4 15,386,396.49 0.00
A5 3,388,566.58 0.00
A6 11,295,221.93 0.00
A7 37,274.23 0.00
AIO 32,727,950.71 0.00
Residual AR 0.00 0.00
AMR 0.00 0.00
ALR 0.00 0.00
2A1 42,499,347.31 0.00
2A2 1,699,958.26 0.00
3A1 6,196,930.07 0.00
4A1 8,370,054.83 0.00
4IO 8,370,054.83 0.00
BIO 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 6,838,478.24 0.00
B2 2,878,930.01 0.00
B3 1,439,465.01 0.00
B4 719,917.86 0.00
B5 719,547.15 0.00
B6 1,079,985.96 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 130,381,500.75 -
- --------------------------------------------------------------------------------
Payment Date: 03/20/05
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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 25,951,953.88 6.427743% 06050HXK9 1.327990 0.249123 45.180888
A2 697,633.17 6.000000% 06050HXL7 1.327990 0.232544 45.180888
A3 1,999,881.75 3.500000% 06050HXM5 1.327990 0.135651 45.180888
A4 15,838,644.88 5.000000% 06050HXN3 1.327990 0.193787 45.180888
A5 3,488,165.84 4.500000% 06050HXP8 1.327990 0.174408 45.180888
A6 11,627,219.48 4.200000% 06050HXQ6 1.327990 0.162781 45.180888
A7 38,369.82 4.500000% 06050HXR4 1.327990 0.174408 45.180888
AIO 33,689,914.95 1.824516% 06050HXS2 0.000000 0.070713 45.180888
Residual AR 0.00 6.427743% 06050HXT0 0.000000 1.317053 0.000000
AMR 0.00 6.427743% 06050HXU7 0.000000 0.000000 0.000000
ALR 0.00 6.427743% 06050HXV5 0.000000 0.000000 0.000000
2A1 43,392,997.16 5.579409% 06050HXW3 2.053994 0.463723 97.681909
2A2 1,735,703.93 5.579409% 06050HXX1 2.053994 0.463723 97.681909
3A1 6,595,945.21 6.951403% 06050HXY9 5.550511 0.531511 86.202566
4A1 8,783,199.63 4.698000% 06050HXZ6 4.220199 0.351249 85.498583
4IO 8,783,199.63 0.490508% 06050HYA0 0.000000 0.036673 85.498583
BIO 0.00 0.000000% 06050HYB8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 6,939,303.73 4.464176% 06050HYC6 5.465685 1.399427 370.709505
B2 2,921,376.53 6.164176% 06050HYD4 5.465685 1.932342 370.709505
B3 1,460,688.26 6.164176% 06050HYE2 5.465685 1.932342 370.709505
B4 730,532.22 6.164176% 06050HYF9 5.465685 1.932342 370.709505
B5 730,156.04 6.164176% 06050HYG7 5.465685 1.932342 370.709505
B6 1,095,909.12 6.164176% 06050HYH5 5.465690 1.932343 370.709795
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 134,027,680.66 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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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 66,804,170.09 47,671,991.33 6,759,908.91
Loan count 149 118 12
Avg loan rate 6.677743% 5.829409% 7.201403%
Prepay amount 1,708,757.19 890,541.82 399,991.32
Total
-----
Prin balance 9,145,428.88 130,381,499.21
Loan count 20 299
Avg loan rate 5.563508% 6.32
Prepay amount 416,718.41 3,416,008.74
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 14,298.98 10,133.13 1,495.09
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 2,992.84 28,920.05
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 89.780521% 100.000000% 120,149,714.76
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Junior 10.219479% 0.000000% 13,676,324.23
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 1,371,722.26
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 4 2,084,728.70
Totals: 7 3,456,450.96
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 4,322,949.22 4,322,949.22
Principal remittance amount 3,646,179.91 3,646,179.91
Interest remittance amount 676,769.31 676,769.31