8-K 1 baf0201_8k0502.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): February 20, 2005 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) 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 BAF 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 ------------------------------------------------------------ Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2002-1 Trust Bank of America, NA, as Servicer ------------------------------------------------------------

Payment Date: 02/20/05 ------------------------------------------------------------ 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 14,005,720.12 14,005,720.12 Loan count 82 82 Avg loan rate 7.475031% 7.48 Prepay amount 79,398.86 79,398.86 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 2,849.10 2,849.10 Sub servicer fees 0.00 0.00 Trustee fees 47.14 47.14 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 33,436.68 33,436.68 Cumulative losses 40,205.84 40,205.84 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 59.099746% 100.000000% 8,333,236.06 ----------------------------------------------------------------------------- Junior 40.900254% 0.000000% 5,767,054.73 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 2 672,605.97 60 to 89 days 1 252,738.35 90 or more 0 0.00 Foreclosure 2 425,607.59 Totals: 5 1,350,951.91 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 186,576.33 186,576.33 Principal remittance amount 100,969.60 100,969.60 Interest remittance amount 85,606.73 85,606.73

MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-1 8-K