-----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, DW1O8Smh4Z1dk041MP/w4X8sXRbsb9rVh0i4/2HTPbiW0uPCGSxQ/63cOUO1xWs/ pY1M/GfT9lepDgSOabkOWg== 0001071787-03-000790.txt : 20030702 0001071787-03-000790.hdr.sgml : 20030702 20030702112911 ACCESSION NUMBER: 0001071787-03-000790 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030702 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: 03770187 MAIL ADDRESS: STREET 1: 201 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 boa9907_8k0306.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): June 25, 2003 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 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 BOA Mortgage Pass-Through Certificates Series 1999-7 Trust On June 25, 2003, 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 June 25, 2003 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: June 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 June 25, 2003 Payment Date: 06/25/03 ------------------------------------------------------------ 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 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-3 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-4 2,943,960.90 6.500000% 471,285.68 15,900.07 487,185.75 0.00 46.39 A-5 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-6 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-7 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-8 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-9 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-10 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-11 1,142,227.05 7.000000% 633,010.02 6,643.61 639,653.63 0.00 19.38 A-12 628,787.09 7.000000% 628,787.09 3,657.26 632,444.35 0.00 10.67 A-13 1,363,000.00 7.000000% 475,040.03 7,927.71 482,967.73 0.00 23.13 A-14 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-15 1,917,000.00 7.000000% 1,063,000.00 11,149.97 1,074,149.97 0.00 32.53 A-16 1,527,000.00 7.000000% 846,000.00 8,881.59 854,881.59 0.00 25.91 A-17 819,470.14 7.250000% 819,470.14 4,936.56 824,406.71 0.00 14.40 A-18 1,776,000.00 7.250000% 618,911.67 10,698.79 629,610.46 0.00 31.21 A-19 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-20 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-21 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-22 805,557.23 0.000000% 446,431.21 0.00 446,431.21 0.00 0.00 A-23 9,517,606.45 6.500000% 5,274,555.76 51,403.74 5,325,959.50 0.00 149.96 A-24 48,000,000.00 6.500000% 0.00 259,243.69 259,243.69 0.00 756.31 A25 0.00 7.250000% 0.00 0.00 0.00 0.00 0.00 A-PO 94,007.95 0.000000% 4,951.85 0.00 4,951.85 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 5.93 5.93 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 11,435,648.06 6.500000% 15,965.16 61,762.91 77,728.07 0.00 180.19 B-2 3,574,295.13 6.500000% 4,990.03 19,304.45 24,294.47 0.00 56.32 B-3 1,668,512.60 6.500000% 2,329.39 9,011.49 11,340.88 0.00 26.29 B-4 1,668,512.60 6.500000% 2,329.39 9,011.49 11,340.88 0.00 26.29 B-5 953,844.16 6.500000% 1,331.65 5,151.63 6,483.28 0.00 15.03 B-6 906,284.40 6.500000% 1,265.25 4,894.76 6,160.01 0.00 14.28 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 90,741,713.76 - 11,309,654.33 489,585.62 11,799,239.94 - 1,428.29 - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A-1 0.00 0.00 A-2 0.00 0.00 A-3 0.00 0.00 A-4 2,472,675.21 46.39 A-5 0.00 0.00 A-6 0.00 0.00 A-7 0.00 0.00 A-8 0.00 0.00 A-9 0.00 0.00 A-10 0.00 0.00 A-11 509,217.03 19.38 A-12 0.00 10.67 A-13 887,959.97 23.13 A-14 0.00 0.00 A-15 854,000.00 32.53 A-16 681,000.00 25.91 A-17 0.00 14.40 A-18 1,157,088.33 31.21 A-19 0.00 0.00 A-20 0.00 0.00 A-21 0.00 0.00 A-22 359,126.03 0.00 A-23 4,243,050.68 149.96 A-24 48,000,000.00 756.31 A25 0.00 0.00 A-PO 89,056.10 0.00 Residual A-R 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate B-1 11,419,682.90 180.19 B-2 3,569,305.10 56.32 B-3 1,666,183.21 26.29 B-4 1,666,183.21 26.29 B-5 952,512.51 15.03 B-6 905,019.14 14.28 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 79,432,059.43 1,428.29 - --------------------------------------------------------------------------------
Payment Date: 06/25/03 ------------------------------------------------------------ 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 0.00 6.500000% 060506FM9 0.000000 0.000000 0.000000 A-2 0.00 6.500000% 060506FN7 0.000000 0.000000 0.000000 A-3 0.00 6.500000% 060506FP2 0.000000 0.000000 0.000000 A-4 2,943,960.90 6.500000% 060506FQ0 23.564284 0.795003 123.633761 A-5 0.00 7.000000% 060506FR8 0.000000 0.000000 0.000000 A-6 0.00 7.000000% 060506FS6 0.000000 0.000000 0.000000 A-7 0.00 7.000000% 060506FT4 0.000000 0.000000 0.000000 A-8 0.00 7.000000% 060506FU1 0.000000 0.000000 0.000000 A-9 0.00 7.000000% 060506FV9 0.000000 0.000000 0.000000 A-10 0.00 7.000000% 060506FW7 0.000000 0.000000 0.000000 A-11 1,142,227.05 7.000000% 060506FX5 508.441786 5.336232 409.009661 A-12 628,787.09 7.000000% 060506GS5 778.201846 4.526306 0.000000 A-13 1,363,000.00 7.000000% 060506FY3 348.525330 5.816365 651.474670 A-14 0.00 7.000000% 060506FZ0 0.000000 0.000000 0.000000 A-15 1,917,000.00 7.000000% 060506GA4 508.612440 5.334914 408.612440 A-16 1,527,000.00 7.000000% 060506GB2 508.108108 5.334288 409.009009 A-17 819,470.14 7.250000% 060506GC0 778.224258 4.688095 0.000000 A-18 1,776,000.00 7.250000% 060506GD8 348.486300 6.024092 651.513700 A-19 0.00 6.500000% 060506GE6 0.000000 0.000000 0.000000 A-20 0.00 6.500000% 060506GF3 0.000000 0.000000 0.000000 A-21 0.00 6.500000% 060506GG1 0.000000 0.000000 0.000000 A-22 805,557.23 0.000000% 060506GH9 109.205126 0.000000 87.848703 A-23 9,517,606.45 6.500000% 060506GJ5 508.441786 4.955073 409.009661 A-24 48,000,000.00 6.500000% 060506GK2 0.000000 5.400910 1,000.000000 A25 0.00 7.250000% 060506GL0 0.000000 0.000000 0.000000 A-PO 94,007.95 0.000000% 060506GM8 24.305607 0.000000 437.121602 Residual A-R 0.00 6.500000% 060506GN6 0.000000 59.293905 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 11,435,648.06 6.500000% 060506GP1 1.330319 5.146480 951.560945 B-2 3,574,295.13 6.500000% 060506GQ9 1.330319 5.146480 951.560945 B-3 1,668,512.60 6.500000% 060506GR7 1.330319 5.146480 951.560945 B-4 1,668,512.60 6.500000% 060506FJ6 1.330319 5.146480 951.560945 B-5 953,844.16 6.500000% 060506FK3 1.330319 5.146480 951.560945 B-6 906,284.40 6.500000% 060506FL1 1.263866 4.889401 904.028121 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 90,741,713.76 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ 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 79,432,890.73 79,432,890.73 Loan count 251 251 Avg loan rate 7.082053% 7.08 Prepay amount 11,183,180.06 11,183,180.06 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 23,925.72 23,925.72 Sub servicer fees 0.00 0.00 Trustee fees 264.67 264.67 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 77.755367% 100.000000% 70,534,616.81 ----------------------------------------------------------------------------- Junior 22.244633% 0.000000% 20,178,886.08 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 2 738,021.71 60 to 89 days 2 553,422.98 90 or more 2 609,963.02 Foreclosure 2 638,858.12 Totals: 8 2,540,265.83 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 11,799,239.94 11,799,239.94 Principal remittance amount 11,309,654.33 11,309,654.33 Interest remittance amount 489,585.62 489,585.62 -----END PRIVACY-ENHANCED MESSAGE-----