-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IIYwvQ8f7mO+KTfw5UcRFaBsjwQ8DjiN5Tn7pZ6Ah/jE955deUKMp/5VEFE2vXky aZVzdgwXxObeDnWAZ8oe1A== 0001071787-03-001663.txt : 20031210 0001071787-03-001663.hdr.sgml : 20031210 20031209180237 ACCESSION NUMBER: 0001071787-03-001663 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001225 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA MORT SEC INC MORT PASS THR CERT SER 1999-2 CENTRAL INDEX KEY: 0001082514 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 134078651 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-67267-01 FILM NUMBER: 031045650 BUSINESS ADDRESS: STREET 1: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043885770 MAIL ADDRESS: STREET 1: 100 N TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 boa9902_8k0012.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): December 25, 2000 BANK OF AMERICA MORTGAGE SECURITIES, INC. (Depositor) North Carolina 333-67267-01 13-4058845/8847 (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 1999-2 Trust On December 25, 2000, 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 1999-2 Trust. 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, 1999 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 1999-2 Trust relating to the Distribution Date of December 25, 2000 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: December 25, 2000 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 1999-2 Trust relating to the Distribution Date of December 25, 2000 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated December 25, 2000 Payment Date: 12/25/00 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-2 Trust BANK OF AMERICA, FSB, 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 A-1 85,525,877.42 6.500000% 1,005,617.47 463,265.17 1,468,882.64 0.00 0.00 A-2 87,781,013.56 6.500000% 848,937.56 475,480.49 1,324,418.05 0.00 0.00 A-3 26,800,000.00 6.500000% 0.00 145,166.67 145,166.67 0.00 0.00 A-4 4,826,000.00 6.500000% 0.00 26,140.83 26,140.83 0.00 0.00 A-5 7,621,000.00 6.500000% 0.00 41,280.42 41,280.42 0.00 0.00 A-6 6,009,000.00 6.500000% 0.00 32,548.75 32,548.75 0.00 0.00 A-7 8,456,429.00 6.900000% 0.00 48,624.47 48,624.47 0.00 0.00 A-8 3,382,571.00 5.500000% 0.00 15,503.45 15,503.45 0.00 0.00 A-9 291,256.60 6.500000% 2,344.39 1,577.64 3,922.03 0.00 0.00 A-10 7,912,316.24 6.500000% 0.00 0.00 0.00 0.00 0.00 A-11 41,798,227.92 5.750000% 1,363,507.71 200,283.18 1,563,790.88 0.00 0.00 A-12 48,883,000.00 5.900000% 0.00 240,341.42 240,341.42 0.00 0.00 A-13 61,895,452.51 6.350000% 464,597.24 327,530.10 792,127.34 0.00 0.00 PAC IO A 38,633,728.24 8.310925% 0.00 85,103.99 85,103.99 0.00 0.00 A-PO 702,719.62 0.000000% 1,025.08 0.00 1,025.08 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 7.97 7.97 0.00 0.00 A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 10,568,235.07 6.500000% 10,385.81 57,244.61 67,630.42 0.00 0.00 B-2 3,686,593.74 6.500000% 3,622.96 19,969.05 23,592.01 0.00 0.00 B-3 1,720,411.07 6.500000% 1,690.71 9,318.89 11,009.61 0.00 0.00 B-4 1,720,411.07 6.500000% 1,690.71 9,318.89 11,009.61 0.00 0.00 B-5 983,092.32 6.500000% 966.12 5,325.08 6,291.21 0.00 0.00 B-6 983,471.51 6.500000% 966.50 5,327.14 6,293.63 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 450,180,806.87 - 3,705,352.25 2,209,358.20 5,914,710.45 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A-1 84,520,259.95 0.00 A-2 86,932,076.00 0.00 A-3 26,800,000.00 0.00 A-4 4,826,000.00 0.00 A-5 7,621,000.00 0.00 A-6 6,009,000.00 0.00 A-7 8,456,429.00 0.00 A-8 3,382,571.00 0.00 A-9 288,912.21 0.00 A-10 7,955,174.62 0.00 A-11 40,434,720.21 0.00 A-12 48,883,000.00 0.00 A-13 61,430,855.27 0.00 PAC IO A 38,816,192.60 0.00 A-PO 701,694.54 0.00 Residual A-R 0.00 0.00 A-LR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate B-1 10,557,849.26 0.00 B-2 3,682,970.79 0.00 B-3 1,718,720.35 0.00 B-4 1,718,720.35 0.00 B-5 982,126.20 0.00 B-6 982,505.01 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 446,700,777.36 - - --------------------------------------------------------------------------------
Payment Date: 12/25/00 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-2 Trust BANK OF AMERICA, FSB, 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 A-1 85,525,877.42 6.500000% 060506BK7 10.056175 4.632652 845.202599 A-2 87,781,013.56 6.500000% 060506BL5 8.489376 4.754805 869.320760 A-3 26,800,000.00 6.500000% 060506BM3 0.000000 5.416667 1,000.000000 A-4 4,826,000.00 6.500000% 060506BN1 0.000000 5.416667 1,000.000000 A-5 7,621,000.00 6.500000% 060506BP6 0.000000 5.416667 1,000.000000 A-6 6,009,000.00 6.500000% 060506BQ4 0.000000 5.416667 1,000.000000 A-7 8,456,429.00 6.900000% 060506BR2 0.000000 5.750000 1,000.000000 A-8 3,382,571.00 5.500000% 060506BS0 0.000000 4.583333 1,000.000000 A-9 291,256.60 6.500000% 060506BT8 7.213501 4.854277 888.960641 A-10 7,912,316.24 6.500000% 060506BU5 0.000000 0.000000 710.346872 A-11 41,798,227.92 5.750000% 060506BV3 26.968645 3.961375 799.753164 A-12 48,883,000.00 5.900000% 060506BW1 0.000000 4.916667 1,000.000000 A-13 61,895,452.51 6.350000% 060506BX9 6.083743 4.288896 804.416244 PAC IO A 38,633,728.24 8.310925% 060506BY7 0.000000 2.418826 1,103.234214 A-PO 702,719.62 0.000000% 060506BZ4 1.368655 0.000000 936.883118 Residual A-R 0.00 6.500000% 060506CA8 0.000000 79.667259 0.000000 A-LR 0.00 6.500000% 060506CB6 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 10,568,235.07 6.500000% 060506CC4 0.965395 5.321071 981.386232 B-2 3,686,593.74 6.500000% 060506CD2 0.965395 5.321071 981.386232 B-3 1,720,411.07 6.500000% 060506CE0 0.965395 5.321071 981.386232 B-4 1,720,411.07 6.500000% 060506CF7 0.965395 5.321071 981.386232 B-5 983,092.32 6.500000% 060506CQ5 0.965395 5.321071 981.386232 B-6 983,471.51 6.500000% 060506CH3 0.965394 5.321067 981.385477 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 450,180,806.87 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-2 Trust BANK OF AMERICA, FSB, SERVICER ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 446,702,248.74 446,702,248.74 Loan count 1352 1352 Avg loan rate 7.162856% 7.16 Prepay amount 3,037,558.68 3,037,558.68 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 245,632.50 245,632.50 Sub servicer fees 0.00 0.00 Trustee fees 1,313.03 1,313.03 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 5,003,766.00 5,003,766.00 Special Hazard 4,682,971.29 4,682,971.29 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 95.636479% 100.000000% 430,518,592.09 ----------------------------------------------------------------------------- Junior 4.363521% 0.000000% 19,642,891.96 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 9 3,124,459.25 60 to 89 days 0 0.00 90 or more 3 1,262,714.82 Foreclosure 0 0.00 Totals: 12 4,387,174.07 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 5,914,710.45 5,914,710.45 Principal remittance amount 3,705,352.25 3,705,352.25 Interest remittance amount 2,209,358.20 2,209,358.20 -----END PRIVACY-ENHANCED MESSAGE-----