8-K 1 baf0201_8k0405.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): May 20, 2004 BAF (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 2002-1 Trust) (Exact name of registrant as specified in charter) North Carolina 333-38154-01 61-1430172 (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 BAF Mortgage Pass-Through Certificates Series 2002-1 Trust On May 20, 2004, The Bank of New York, as Trustee for BAF, Mortgage Pass-Through Certificates Series 2002-1 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 1, 2002, among BAF as Depositor, Banc of America Funding Corporation, 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 BAF, Mortgage Pass-Through Certificates Series 2002-1 Trust relating to the distribution date of May 20, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of May 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: May 20, 2004 BAF By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated May 20, 2004 Payment Date: 05/20/04 ------------------------------------------------------------ Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2002-1 Trust Bank of America, NA, as Servicer ------------------------------------------------------------

Payment Date: 05/20/04 ------------------------------------------------------------ Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2002-1 Trust Bank of America, NA, as Servicer ------------------------------------------------------------

------------------------------------------------------------ Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2002-1 Trust Bank of America, NA, as Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 22,571,267.10 22,571,267.10 Loan count 118 118 Avg loan rate 7.456782% 7.46 Prepay amount 554,261.06 554,261.06 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 3,605.25 3,605.25 Sub servicer fees 0.00 0.00 Trustee fees 77.17 77.17 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts 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 74.667512% 100.000000% 17,281,395.95 ----------------------------------------------------------------------------- Junior 25.332488% 0.000000% 5,863,068.64 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 1,089,772.33 60 to 89 days 2 699,396.38 90 or more 1 155,187.57 Foreclosure 3 421,665.06 Totals: 11 2,366,021.34 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 183,958.75 Current Total Outstanding Number of Loans: 2 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 718,576.35 718,576.35 Principal remittance amount 586,955.97 586,955.97 Interest remittance amount 131,620.38 131,620.38

MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-1 8-K