8-K 1 boa0203_8k0311.txt 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 25, 2003 Bank of America Mortgage Securities, Inc. (Depositor) North Carolina 333-74544-07 03-0414271/Man (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 N. Tryon St. 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 Bank of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2002-3 On November 25, 2003, The Bank of New York, as Trustee for Mortgage Pass-Through Certificates made a monthly distribution of principal and/or interest to the Holders of the Series 2002-3. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of March 1, 2002 by and among Bank of America Mortgage Securities, Inc. as Depositor, EquiCredit Corporation of America, as Transferor and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks Capital Corp., as Expected Successor Servicer and The Bank of New York, as Trustee. All capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Pooling and Servicing Agreement. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of Series 2002-3 relating to the Distribution Date of November 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 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 25, 2003 By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Report to Holders of Series 2002-3 relating to the Distribution Date of November 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2002-3 Bank of America, NA, Master 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 1-A-1 0.00 1.620000% 0.00 0.00 0.00 0.00 0.00 1-A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 1-A-3 ~~1,636,704~~0.5400 6.500000% ~~1,636,704~~0.5400 ~~8,670~~0.0200 ~~1,645,374~~0.5600 0.00 ~~195~~0.4600 1-A-4 3172,~~210,000~~446.0035 6.500000% 3172,~~037,553~~446.6535 ~~17,004~~934.1508 3173,~~054,557~~380.8143 0.00 ~~383~~0.3500 1-A-5 2,868,000.00 6.500000% 01,225,713.0032 15,~~192~~535.4900 151,~~192~~241,248.4932 0.00 ~~342~~0.5100 1-A-6 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00 1-A-7 0.00 6.880000% 0.00 0.00 0.00 0.00 0.00 1-A-8 83,~~277~~262,~~116~~099.9601 6.500000% 51,~~015~~500,~~017~~087.9541 4317,~~845~~669.9070 51,~~058~~517,~~863~~757.8511 0.00 ~~988~~0.4800 1-A-9 13,260,000.00 6.500000% 0.00 7071,~~241~~825.4500 7071,~~241~~825.4500 0.00 ~~1,583~~0.5500 1-A-10 24,800,000.00 6.500000% 0.00 ~~131~~134,~~371~~333.6333 ~~131~~134,~~371~~333.6333 0.00 ~~2,961~~0.7000 1-A-11 155,000.00 6.500000% 0.00 ~~821~~839.0758 ~~821~~839.0758 0.00 180.5100 Residual 1-A-R 0.00 6.500000% 0.00 0.0003 0.0003 0.00 0.00 1-A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 2-A-1 3026,~~260~~839,~~567~~736.5998 6.500000% 3,~~420~~158,~~830~~137.6172 ~~163~~145,~~264~~381.3591 3,~~584~~303,~~094~~519.9662 0.00 ~~647~~0.0500 3-A-1 2220,~~094~~045,~~407~~158.5367 6.000000% 2,~~049~~483,~~248~~130.8601 ~~110~~100,~~472~~225.0479 2,~~159~~583,~~720~~355.9080 0.00 0.00 1-A-PO ~~952~~821,~~359~~876.1023 0.000000% ~~130~~14,~~482~~626.8887 0.00 ~~130~~14,~~482~~626.8887 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate 1-B-1 3,~~053~~050,~~339~~365.9639 6.500000% 2,~~974~~987.5709 16,~~174~~522.2881 19,~~148~~509.8690 0.00 ~~364~~0.6400 1-B-2 1,~~466~~464,~~154~~725.2289 6.500000% 1,~~428~~434.3334 7,~~766~~933.5893 9,~~194~~368.9127 0.00 ~~175~~0.0900 1-B-3 ~~855~~854,~~092~~259.6359 6.500000% ~~833~~836.0354 4,~~529~~627.6324 5,~~362~~463.6778 0.00 ~~102~~0.1200 1-B-4 ~~488~~487,~~062~~586.0860 6.500000% ~~475~~477.47 2,~~585~~641.3809 3,~~060~~118.8557 0.00 580.2900 1-B-5 ~~367~~366,~~030~~672.5599 6.500000% ~~357~~359.5607 1,~~944~~986.2515 2,~~301~~345.8121 0.00 430.8300 1-B-6 488,~~727~~250.0393 6.500000% ~~476~~478.1011 2,~~588~~644.9169 3,~~065~~122.0180 0.00 580.3700 2-B-1 1,~~419~~418,~~681~~258.7774 6.500000% 1,~~423~~416.0344 7,~~659~~682.5923 9,~~082~~098.6268 0.00 300.3600 2-B-2 1,~~194~~193,~~382~~185.3111 6.500000% 1,~~197~~191.2066 6,~~444~~463.0309 7,~~641~~654.2374 0.00 250.5400 2-B-3 672,~~946~~272.8733 6.500000% ~~674~~671.5341 3,~~630~~641.7448 4,~~305~~312.2789 0.00 140.3900 2-B-4 ~~298~~297,~~103~~804.6685 6.500000% ~~298~~297.8142 1,~~608~~613.3511 1,~~907~~910.1653 0.00 60.3700 2-B-5 224,~~315~~090.6278 6.500000% ~~224~~223.8480 1,~~210~~213.2583 1,~~435~~437.0963 0.00 40.8000 2-B-6 299,~~521~~221.9572 6.500000% ~~300~~298.2384 1,~~616~~620.0178 1,~~916~~919.2362 0.00 60.4000 3-B-1 ~~722~~720,~~845~~003.2274 6.000000% 2,~~841~~865.4757 3,~~614~~600.2302 6,~~455~~465.7059 0.00 0.00 3-B-2 ~~257~~256,~~824~~810.1767 6.000000% 1,~~013~~022.5009 1,~~289~~284.1205 2,~~302~~306.6214 0.00 0.00 3-B-3 155,~~632~~020.0426 6.000000% ~~611~~616.7897 ~~778~~775.1610 1,~~389~~392.9407 0.00 0.00 3-B-4 ~~103~~102,~~129~~724.6727 6.000000% ~~405~~408.4084 ~~515~~513.6562 ~~921~~922.0546 0.00 0.00 3-B-5 ~~103~~102,~~129~~724.6727 6.000000% ~~405~~408.4084 ~~515~~513.6562 ~~921~~922.0546 0.00 0.00 3-B-6 103,~~704~~296.5589 6.000000% ~~407~~411.6610 ~~518~~516.5248 ~~926~~927.1858 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~119~~104,~~787~~481,~~779~~592.6726 - 158,~~306~~570,~~187~~547.4027 ~~625~~552,~~872~~537.4476 159,~~932~~123,~~059~~085.8503 - ~~8,010.81~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1-A-1 0.00 0.00 1-A-2 0.00 0.00 1-A-3 0.00 ~~195~~0.4600 1-A-4 ~~172,446~~0.3500 ~~383~~0.3500 1-A-5 21,~~868~~642,~~000~~286.0068 ~~342~~0.5100 1-A-6 0.00 0.00 1-A-7 0.00 0.00 1-A-8 31,~~262~~762,~~099~~011.0160 ~~988~~0.4800 1-A-9 13,260,000.00 ~~1,583~~0.5500 1-A-10 24,800,000.00 ~~2,961~~0.7000 1-A-11 155,000.00 180.5100 Residual 1-A-R 0.00 0.00 1-A-LR 0.00 0.00 2-A-1 2623,~~839~~681,~~736~~599.9826 ~~647~~0.0500 3-A-1 2017,~~045~~562,~~158~~028.67 0.00 1-A-PO ~~821~~807,~~876~~249.2336 0.00 -------------------------------------------------------------------------------- Subordinate 1-B-1 3,~~050~~047,~~365~~378.3930 ~~364~~0.6400 1-B-2 1,~~464~~463,~~725~~291.8955 ~~175~~0.0900 1-B-3 ~~854~~853,~~259~~423.5906 ~~102~~0.1200 1-B-4 487,~~586~~109.6013 580.2900 1-B-5 366,~~672~~313.9992 430.8300 1-B-6 ~~488~~487,~~250~~772.9382 580.3700 2-B-1 1,~~418~~416,~~258~~842.74 30 0.3600 2-B-2 1,~~193~~191,~~185~~993.1145 250.5400 2-B-3 ~~672~~671,~~272~~600.3392 140.3900 2-B-4 297,~~804~~507.8543 60.3700 2-B-5 ~~224~~223,~~090~~866.7897 40.8000 2-B-6 ~~299~~298,~~221~~922.7289 60.4000 3-B-1 ~~720~~717,~~003~~138.7417 0.00 3-B-2 ~~256~~255,~~810~~788.6758 0.00 3-B-3 ~~155~~154,~~020~~403.2629 0.00 3-B-4 102,~~724~~315.2743 0.00 3-B-5 102,~~724~~315.2743 0.00 3-B-6 ~~103~~102,~~296~~885.8979 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~104~~95,~~481~~911,~~592~~045.2600 ~~8,010.81~~- --------------------------------------------------------------------------------

Payment Date: 11/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2002-3 Bank of America, NA, Master 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 1-A-1 0.00 1.620000% 06050HEE4 0.000000 0.000000 0.000000 1-A-2 0.00 6.500000% 06050HEF1 0.000000 0.000000 0.000000 1-A-3 ~~1,636,704~~0.5400 6.500000% 06050HEG9 ~~527~~0.~~458762~~000000 20.~~794077~~000000 0.000000 1-A-4 3172,~~210,000~~446.0035 6.500000% 06050HEH7 ~~946~~53.~~278397~~721603 50.~~297243~~290992 530.~~721603~~000000 1-A-5 2,868,000.00 6.500000% 06050HEJ3 0427.~~000000~~375636 5.~~297243~~416667 ~~1,000~~572.~~000000~~624364 1-A-6 0.00 6.250000% 06050HEK0 0.000000 0.000000 0.000000 1-A-7 0.00 6.880000% 06050HEL8 0.000000 0.000000 0.000000 1-A-8 83,~~277~~262,~~116~~099.9601 6.500000% 06050HEM6 ~~100~~30.~~300359~~001748 0.~~876918~~353394 6535.~~241980~~240232 1-A-9 13,260,000.00 6.500000% 06050HEN4 0.000000 5.~~297243~~416667 1,000.000000 1-A-10 24,800,000.00 6.500000% 06050HEP9 0.000000 5.~~297243~~416667 1,000.000000 1-A-11 155,000.00 6.500000% 06050HFS2 0.000000 5.~~297243~~416667 1,000.000000 Residual 1-A-R 0.00 6.500000% 06050HEQ7 0.000000 0.~~095537~~509531 0.000000 1-A-LR 0.00 6.500000% 06050HER5 0.000000 0.000000 0.000000 2-A-1 3026,~~260~~839,~~567~~736.5998 6.500000% 06050HES3 2321.~~241075~~456343 10.~~109216~~987723 ~~182~~160.~~348796~~892453 3-A-1 2220,~~094~~045,~~407~~158.5367 6.000000% 06050HET1 1822.~~865005~~859234 10.~~016985~~922660 ~~184~~161.~~532010~~672776 1-A-PO ~~952~~821,~~359~~876.1023 0.000000% 06050HEU8 849.~~419381~~463242 0.000000 ~~531~~522.~~734767~~271525 ------------------------------------------------------------------------------------------------------------------------ Subordinate 1-B-1 3,~~053~~050,~~339~~365.9639 6.500000% 06050HEV6 0.~~958612~~962646 5.~~212467~~324787 ~~983~~982.~~037508~~074863 1-B-2 1,~~466~~464,~~154~~725.2289 6.500000% 06050HEW4 0.~~958612~~962646 5.~~212467~~324787 ~~983~~982.~~037508~~074863 1-B-3 ~~855~~854,~~092~~259.6359 6.500000% 06050HEX2 0.~~958612~~962646 5.~~212467~~324787 ~~983~~982.~~037508~~074863 1-B-4 ~~488~~487,~~062~~586.0860 6.500000% 06050HFH6 0.~~958612~~962646 5.~~212467~~324787 ~~983~~982.~~037508~~074863 1-B-5 ~~367~~366,~~030~~672.5599 6.500000% 06050HFJ2 0.~~958612~~962646 5.~~212467~~324787 ~~983~~982.~~037508~~074863 1-B-6 488,~~727~~250.0393 6.500000% 06050HFK9 0.~~958582~~962623 5.~~212472~~324792 ~~983~~982.~~038491~~075868 2-B-1 1,~~419~~418,~~681~~258.7774 6.500000% 06050HEY0 0.~~986160~~981596 5.~~308099~~323794 ~~982~~981.~~854290~~872693 2-B-2 1,~~194~~193,~~382~~185.3111 6.500000% 06050HEZ7 0.~~986160~~981596 5.~~308099~~323794 ~~982~~981.~~854290~~872693 2-B-3 672,~~946~~272.8733 6.500000% 06050HFA1 0.~~986160~~981596 5.~~308099~~323794 ~~982~~981.~~854290~~872693 2-B-4 ~~298~~297,~~103~~804.6685 6.500000% 06050HFL7 0.~~986160~~981596 5.~~308099~~323794 ~~982~~981.~~854290~~872693 2-B-5 224,~~315~~090.6278 6.500000% 06050HFM5 0.~~986160~~981596 5.~~308099~~323794 ~~982~~981.~~854290~~872693 2-B-6 299,~~521~~221.9572 6.500000% 06050HFN3 0.~~986161~~981597 5.~~308101~~323796 ~~982~~981.~~854652~~873055 3-B-1 ~~722~~720,~~845~~003.2274 6.000000% 06050HFB9 3.~~685436~~716693 4.~~687712~~669285 ~~933~~930.~~856996~~140303 3-B-2 ~~257~~256,~~824~~810.1767 6.000000% 06050HFC7 3.~~685436~~716693 4.~~687712~~669285 ~~933~~930.~~856996~~140303 3-B-3 155,~~632~~020.0426 6.000000% 06050HFD5 3.~~685436~~716693 4.~~687712~~669285 ~~933~~930.~~856996~~140303 3-B-4 ~~103~~102,~~129~~724.6727 6.000000% 06050HFP8 3.~~685436~~716693 4.~~687712~~669285 ~~933~~930.~~856996~~140303 3-B-5 ~~103~~102,~~129~~724.6727 6.000000% 06050HFQ6 3.~~685436~~716693 4.~~687712~~669285 ~~933~~930.~~856996~~140303 3-B-6 103,~~704~~296.5589 6.000000% 06050HFR4 3.~~685441~~716521 4.~~687718~~669291 ~~933~~930.~~858144~~141623 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~119~~104,~~787~~481,~~779~~592.6726 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2002-3 Bank of America, NA, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 48,858,671.80 28,054,833.73 18,997,538.70 Loan count 111 67 45 Avg loan rate 6.918390% 6.854020% 6.696959% Prepay amount 2,854,910.76 3,131,867.60 2,416,268.34 Total ----- Prin balance 95,911,044.23 Loan count 223 Avg loan rate 6.85 Prepay amount 8,403,046.70 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 12,556.95 8,011.80 8,703.61 Sub servicer fees 0.00 0.00 0.00 Trustee fees 129.41 78.04 53.75 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 29,272.35 Sub servicer fees 0.00 Trustee fees 261.20 Agg advances N/A Adv this period 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 Cumulative losses 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 Fraud 0.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 88.282346% 100.000000% 92,224,317.23 ----------------------------------------------------------------------------- Junior 11.717654% 0.000000% 12,240,869.43 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 2 817,974.64 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 2 817,974.64 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 9,123,085.03 9,123,085.03 Principal remittance amount 8,570,547.27 8,570,547.27 Interest remittance amount 552,537.76 552,537.76

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