-----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, VL3SzlRP319sJUrkcc1CKad4T+FU4V7Knyvxqcb+3bHkIHJcA07ryPJkOuVIyBCV 4WYyPgw0eZNhLGtq3vmp8Q== 0001071787-03-000062.txt : 20030106 0001071787-03-000062.hdr.sgml : 20030106 20030106134714 ACCESSION NUMBER: 0001071787-03-000062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021225 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA MORT SEC INC MORT PASS THRU CER SER 1999-7 CENTRAL INDEX KEY: 0001208136 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: 333-67267-12 FILM NUMBER: 03504530 MAIL ADDRESS: STREET 1: 201 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 boa9907_8k0212.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, 2002 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1999-7 Trust) (Exact name of registrant as specified in charter) North Carolina 333-67267-06 13-4067089 (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 1999-7 Trust On December 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1999-7 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 1, 1999, among BOA as Depositor, BANK OF AMERICA 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 1999-7 Trust relating to the distribution date of December 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 1, 1999. 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, 2002 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 December 25, 2002 Payment Date: 12/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., 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 11,140,019.23 6.500000% 5,083,333.10 59,888.45 5,143,221.55 0.00 453.32 A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-3 18,242,322.29 6.500000% 7,618,916.44 98,070.25 7,716,986.69 0.00 742.33 A-4 7,909,058.62 6.500000% 1,024,490.86 42,518.89 1,067,009.75 0.00 321.84 A-5 4,459,000.00 7.000000% 0.00 25,815.43 25,815.43 0.00 195.41 A-6 3,776,000.00 7.000000% 0.00 21,861.19 21,861.19 0.00 165.48 A-7 2,650,000.00 7.000000% 0.00 15,342.20 15,342.20 0.00 116.13 A-8 2,309,000.00 7.000000% 0.00 13,367.98 13,367.98 0.00 101.19 A-9 1,823,000.00 7.000000% 0.00 10,554.28 10,554.28 0.00 79.89 A-10 1,551,000.00 7.000000% 0.00 8,979.53 8,979.53 0.00 67.97 A-11 1,245,000.00 7.000000% 0.00 7,207.94 7,207.94 0.00 54.56 A-12 808,000.00 7.000000% 0.00 4,677.92 4,677.92 0.00 35.41 A-13 1,363,000.00 7.000000% 0.00 7,891.10 7,891.10 0.00 59.73 A-14 553,929.00 7.000000% 0.00 3,206.98 3,206.98 0.00 24.27 A-15 2,090,000.00 7.000000% 0.00 12,100.08 12,100.08 0.00 91.59 A-16 1,665,000.00 7.000000% 0.00 9,639.53 9,639.53 0.00 72.97 A-17 1,053,000.00 7.250000% 0.00 6,314.08 6,314.08 0.00 47.79 A-18 1,776,000.00 7.250000% 0.00 10,649.39 10,649.39 0.00 80.61 A-19 4,520,812.21 6.500000% 2,062,904.37 24,303.77 2,087,208.14 0.00 183.97 A-20 22,041,827.23 6.500000% 8,723,865.38 118,496.28 8,842,361.66 0.00 896.95 A-21 19,401,000.00 6.500000% 0.00 104,299.27 104,299.27 0.00 789.48 A-22 4,088,006.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A-23 10,373,962.00 6.500000% 0.00 55,770.15 55,770.15 0.00 422.15 A-24 48,000,000.00 6.500000% 0.00 258,046.74 258,046.74 0.00 1,953.26 A25 16,405,103.00 7.250000% 0.00 98,369.56 98,369.56 0.00 744.60 A-PO 134,508.81 0.000000% 11,700.57 0.00 11,700.57 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 11,525,449.96 6.500000% 14,260.68 61,960.52 76,221.20 0.00 469.00 B-2 3,602,363.37 6.500000% 4,457.28 19,366.21 23,823.49 0.00 146.59 B-3 1,681,615.10 6.500000% 2,080.70 9,040.32 11,121.02 0.00 68.43 B-4 1,681,615.10 6.500000% 2,080.70 9,040.32 11,121.02 0.00 68.43 B-5 961,334.51 6.500000% 1,189.48 5,168.11 6,357.59 0.00 39.12 B-6 913,401.29 6.500000% 1,130.17 4,910.42 6,040.59 0.00 37.17 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 209,744,327.72 - 24,550,409.73 1,126,856.89 25,677,266.62 - 8,529.64 - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A-1 6,056,686.13 453.32 A-2 0.00 0.00 A-3 10,623,405.85 742.33 A-4 6,884,567.76 321.84 A-5 4,459,000.00 195.41 A-6 3,776,000.00 165.48 A-7 2,650,000.00 116.13 A-8 2,309,000.00 101.19 A-9 1,823,000.00 79.89 A-10 1,551,000.00 67.97 A-11 1,245,000.00 54.56 A-12 808,000.00 35.41 A-13 1,363,000.00 59.73 A-14 553,929.00 24.27 A-15 2,090,000.00 91.59 A-16 1,665,000.00 72.97 A-17 1,053,000.00 47.79 A-18 1,776,000.00 80.61 A-19 2,457,907.84 183.97 A-20 13,317,961.86 896.95 A-21 19,401,000.00 789.48 A-22 4,088,006.00 0.00 A-23 10,373,962.00 422.15 A-24 48,000,000.00 1,953.26 A25 16,405,103.00 744.60 A-PO 122,808.23 0.00 Residual A-R 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate B-1 11,511,189.28 469.00 B-2 3,597,906.09 146.59 B-3 1,679,534.41 68.43 B-4 1,679,534.41 68.43 B-5 960,145.03 39.12 B-6 912,271.12 37.17 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 185,193,917.99 8,529.64 - --------------------------------------------------------------------------------
Payment Date: 12/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., 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 11,140,019.23 6.500000% 060506FM9 71.462375 0.841922 85.145940 A-2 0.00 6.500000% 060506FN7 0.000000 0.000000 0.000000 A-3 18,242,322.29 6.500000% 060506FP2 70.441165 0.906715 98.219359 A-4 7,909,058.62 6.500000% 060506FQ0 51.224543 2.125945 344.228388 A-5 4,459,000.00 7.000000% 060506FR8 0.000000 5.789510 1,000.000000 A-6 3,776,000.00 7.000000% 060506FS6 0.000000 5.789510 1,000.000000 A-7 2,650,000.00 7.000000% 060506FT4 0.000000 5.789510 1,000.000000 A-8 2,309,000.00 7.000000% 060506FU1 0.000000 5.789510 1,000.000000 A-9 1,823,000.00 7.000000% 060506FV9 0.000000 5.789510 1,000.000000 A-10 1,551,000.00 7.000000% 060506FW7 0.000000 5.789510 1,000.000000 A-11 1,245,000.00 7.000000% 060506FX5 0.000000 5.789510 1,000.000000 A-12 808,000.00 7.000000% 060506GS5 0.000000 5.789510 1,000.000000 A-13 1,363,000.00 7.000000% 060506FY3 0.000000 5.789510 1,000.000000 A-14 553,929.00 7.000000% 060506FZ0 0.000000 5.789510 1,000.000000 A-15 2,090,000.00 7.000000% 060506GA4 0.000000 5.789510 1,000.000000 A-16 1,665,000.00 7.000000% 060506GB2 0.000000 5.789510 1,000.000000 A-17 1,053,000.00 7.250000% 060506GC0 0.000000 5.996278 1,000.000000 A-18 1,776,000.00 7.250000% 060506GD8 0.000000 5.996278 1,000.000000 A-19 4,520,812.21 6.500000% 060506GE6 148.763566 1.752633 177.248709 A-20 22,041,827.23 6.500000% 060506GF3 69.790923 0.947970 106.543695 A-21 19,401,000.00 6.500000% 060506GG1 0.000000 5.375974 1,000.000000 A-22 4,088,006.00 0.000000% 060506GH9 0.000000 0.000000 1,000.000000 A-23 10,373,962.00 6.500000% 060506GJ5 0.000000 5.375974 1,000.000000 A-24 48,000,000.00 6.500000% 060506GK2 0.000000 5.375974 1,000.000000 A25 16,405,103.00 7.250000% 060506GL0 0.000000 5.996278 1,000.000000 A-PO 134,508.81 0.000000% 060506GM8 57.430922 0.000000 602.790079 Residual A-R 0.00 6.500000% 060506GN6 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 11,525,449.96 6.500000% 060506GP1 1.188291 5.162946 959.185841 B-2 3,602,363.37 6.500000% 060506GQ9 1.188291 5.162946 959.185841 B-3 1,681,615.10 6.500000% 060506GR7 1.188291 5.162946 959.185841 B-4 1,681,615.10 6.500000% 060506FJ6 1.188291 5.162946 959.185841 B-5 961,334.51 6.500000% 060506FK3 1.188291 5.162946 959.185841 B-6 913,401.29 6.500000% 060506FL1 1.128933 4.905044 911.272154 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 209,744,327.72 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., SERVICER ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 185,193,917.99 185,193,917.99 Loan count 564 564 Avg loan rate 7.087217% 7.09 Prepay amount 24,290,890.02 24,290,890.02 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 50,528.32 50,528.32 Sub servicer fees 0.00 0.00 Trustee fees 611.75 611.75 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 46,027.88 46,027.88 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 Fraud 5,000,099.29 5,000,099.29 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 90.301037% 100.000000% 189,378,548.39 ----------------------------------------------------------------------------- Junior 9.698963% 0.000000% 20,340,580.33 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 4 1,433,597.92 60 to 89 days 2 468,332.66 90 or more 2 741,066.14 Foreclosure 1 258,170.28 Totals: 9 2,901,167.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 25,677,266.62 25,677,266.62 Principal remittance amount 24,550,409.73 24,550,409.73 Interest remittance amount 1,126,856.89 1,126,856.89 -----END PRIVACY-ENHANCED MESSAGE-----