-----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, SNjCuW73KWugok2Zc64LqqdDSuLyLdfuYopJ570S3dSjt5MXsjdV1Bpj8GsmIE8d eyoq4ppjnw9P7kZbyk1CHw== 0001071787-03-000190.txt : 20030204 0001071787-03-000190.hdr.sgml : 20030204 20030204101053 ACCESSION NUMBER: 0001071787-03-000190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030125 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA MORT SEC INC MORT PASS THRU CER SER 1998-7 CENTRAL INDEX KEY: 0001206211 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53933-05 FILM NUMBER: 03537534 BUSINESS ADDRESS: STREET 1: 201 NORTH TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28255-7137 8-K 1 boa9807_8k0301.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): January 25, 2003 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-7 Trust) (Exact name of registrant as specified in charter) North Carolina 333-53933-05 13-4048100 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 Barclay St. 8W, New York, NY 10286 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 212-815-6140 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events BOA Mortgage Pass-Through Certificates Series 1998-7 Trust On January 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1998-7 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of December 1, 1998, among BOA as Depositor, BA MORTGAGE SECURITIES, INC., 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 BOA, Mortgage Pass-Through Certificates Series 1998-7 Trust relating to the distribution date of January 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of December 1, 1998. 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: January 25, 2003 BOA By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated January 25, 2003 Payment Date: 01/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-7 Trust Bank of America, FSB, 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 A-1 2,505,649.22 6.250000% 2,505,649.22 13,050.26 2,518,699.48 0.00 0.00 A-2 29,619,450.23 6.250000% 8,080,410.69 154,267.97 8,234,678.66 0.00 0.00 A-3 14,967,450.99 6.250000% 4,083,234.16 77,955.47 4,161,189.63 0.00 0.00 A-4 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00 A-5 12,990,000.00 6.250000% 1,721,681.42 67,656.25 1,789,337.67 0.00 0.00 A-6 17,177,000.00 6.250000% 0.00 89,463.54 89,463.54 0.00 0.00 A-7 40,000,000.00 6.250000% 0.00 208,333.33 208,333.33 0.00 0.00 Residual R 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 7,435,510.30 6.250000% 9,680.63 38,726.62 48,407.25 0.00 0.00 B-2 3,241,094.21 6.250000% 4,219.73 16,880.70 21,100.43 0.00 0.00 B-3 1,525,221.20 6.250000% 1,985.76 7,943.86 9,929.62 0.00 0.00 B-4 1,334,568.43 6.250000% 1,737.54 6,950.88 8,688.41 0.00 0.00 B-5 762,611.07 6.250000% 992.88 3,971.93 4,964.81 0.00 0.00 B-6 932,886.21 6.250000% 1,214.57 4,858.78 6,073.35 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 132,491,441.86 - 16,410,806.60 690,059.59 17,100,866.19 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A-1 0.00 0.00 A-2 21,539,039.54 0.00 A-3 10,884,216.83 0.00 A-4 0.00 0.00 A-5 11,268,318.58 0.00 A-6 17,177,000.00 0.00 A-7 40,000,000.00 0.00 Residual R 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate B-1 7,425,829.67 0.00 B-2 3,236,874.48 0.00 B-3 1,523,235.44 0.00 B-4 1,332,830.89 0.00 B-5 761,618.19 0.00 B-6 931,671.64 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 116,080,635.26 - - --------------------------------------------------------------------------------
Payment Date: 01/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-7 Trust Bank of America, FSB, 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 A-1 2,505,649.22 6.250000% 055240LQ6 35.044045 0.182521 0.000000 A-2 29,619,450.23 6.250000% 055240LR4 50.033503 0.955220 133.368666 A-3 14,967,450.99 6.250000% 055240LS2 72.129203 1.377062 192.266681 A-4 0.00 6.250000% 055240LT0 0.000000 0.000000 0.000000 A-5 12,990,000.00 6.250000% 055240LU7 132.538986 5.208333 867.461014 A-6 17,177,000.00 6.250000% 055240LV5 0.000000 5.208333 1,000.000000 A-7 40,000,000.00 6.250000% 055240LW3 0.000000 5.208333 1,000.000000 Residual R 0.00 6.250000% 055240MA0 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 7,435,510.30 6.250000% 055240LX1 1.238590 4.954882 950.098795 B-2 3,241,094.21 6.250000% 055240LY9 1.238590 4.954882 950.098795 B-3 1,525,221.20 6.250000% 055240LZ6 1.238590 4.954882 950.098796 B-4 1,334,568.43 6.250000% 055240MB8 1.238590 4.954882 950.098793 B-5 762,611.07 6.250000% 055240MC6 1.238590 4.954882 950.098791 B-6 932,886.21 6.250000% 055240MD4 1.212114 4.848968 929.789709 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 132,491,441.86 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-7 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 116,080,677.65 116,080,677.65 Loan count 363 363 Avg loan rate 7.089622% 7.09 Prepay amount 16,238,309.88 16,238,309.88 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 56,146.64 56,146.64 Sub servicer fees 0.00 0.00 Trustee fees 496.84 496.84 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 9,851.06 9,851.06 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 Fraud 0.00 0.00 Special Hazard 1,324,914.84 1,324,914.84 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 88.516739% 100.000000% 117,259,550.45 ----------------------------------------------------------------------------- Junior 11.483261% 0.000000% 15,212,060.32 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 4 1,264,247.32 60 to 89 days 0 0.00 90 or more 1 237,691.95 Foreclosure 0 0.00 Totals: 5 1,501,939.27 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 17,100,866.19 17,100,866.19 Principal remittance amount 16,410,806.60 16,410,806.60 Interest remittance amount 690,059.59 690,059.59 -----END PRIVACY-ENHANCED MESSAGE-----