-----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, WV/c9CQw1nJ6Ah9vvQ9xtaxx2R3EO2o1IA8lG5sBOq38oE+0/vyPTzxVoNr4gtWM lXJqw733OdpqK0xdXUZqMQ== 0001071787-03-001457.txt : 20031203 0001071787-03-001457.hdr.sgml : 20031203 20031203101329 ACCESSION NUMBER: 0001071787-03-001457 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031125 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031203 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: 031034034 MAIL ADDRESS: STREET 1: 201 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 boa9907_8k0311.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): November 25, 2003 BANK OF AMERICA MORTGAGE SECURITIES, INC. (Depositor) 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. 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 1999-7 Trust On November 25, 2003, 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 1999-7 Trust. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of June 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 1999-7 Trust relating to the Distribution Date of November 25, 2003 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: November 25, 2003 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 1999-7 Trust relating to the Distribution Date of November 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ 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-4 885,583.31 6.500000% 885,583.31 4,796.91 890,380.22 0.00 0.00 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 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-12 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-13 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-14 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-15 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A-16 0.01 7.000000% 0.00 0.00 0.00 0.00 0.00 A-17 0.00 7.250000% 0.00 0.00 0.00 0.00 0.00 A-18 0.00 7.250000% 0.00 0.00 0.00 0.00 0.00 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 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A-23 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-24 20,304,215.84 6.500000% 20,304,215.84 109,981.17 20,414,197.01 0.00 0.00 A25 0.00 7.250000% 0.00 0.00 0.00 0.00 0.00 A-PO 24,268.52 0.000000% 24,268.52 0.00 24,268.52 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 0.04 0.04 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 11,355,275.58 6.500000% 11,355,275.58 61,507.74 11,416,783.32 0.00 0.00 B-2 3,549,174.13 6.500000% 3,549,174.13 19,224.69 3,568,398.82 0.00 0.00 B-3 1,656,785.90 6.500000% 1,656,785.90 8,974.26 1,665,760.15 0.00 0.00 B-4 1,656,785.90 6.500000% 1,656,785.90 8,974.26 1,665,760.15 0.00 0.00 B-5 947,140.31 6.500000% 947,140.31 5,130.34 952,270.65 0.00 0.00 B-6 784,723.65 6.500000% 784,723.65 4,250.59 788,974.24 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 41,163,953.14 - 41,163,953.13 222,840.00 41,386,793.13 - - - ---------------------------------------------------------------------------------------------------------------------------------- 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 0.00 0.00 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 0.00 0.00 A-12 0.00 0.00 A-13 0.00 0.00 A-14 0.00 0.00 A-15 0.00 0.00 A-16 0.00 0.00 A-17 0.00 0.00 A-18 0.00 0.00 A-19 0.00 0.00 A-20 0.00 0.00 A-21 0.00 0.00 A-22 0.00 0.00 A-23 0.00 0.00 A-24 0.00 0.00 A25 0.00 0.00 A-PO 0.00 0.00 Residual A-R 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate B-1 0.00 0.00 B-2 0.00 0.00 B-3 0.00 0.00 B-4 0.00 0.00 B-5 0.00 0.00 B-6 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 0.00 - - --------------------------------------------------------------------------------
Payment Date: 11/25/03 ------------------------------------------------------------ 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-4 885,583.31 6.500000% 060506FQ0 44.279166 0.239845 0.000000 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 0.00 7.000000% 060506FX5 0.000000 0.000000 0.000000 A-12 0.00 7.000000% 060506GS5 0.000000 0.000000 0.000000 A-13 0.00 7.000000% 060506FY3 0.000000 0.000000 0.000000 A-14 0.00 7.000000% 060506FZ0 0.000000 0.000000 0.000000 A-15 0.00 7.000000% 060506GA4 0.000000 0.000000 0.000000 A-16 0.01 7.000000% 060506GB2 0.000000 0.000000 0.000000 A-17 0.00 7.250000% 060506GC0 0.000000 0.000000 0.000000 A-18 0.00 7.250000% 060506GD8 0.000000 0.000000 0.000000 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 0.00 0.000000% 060506GH9 0.000000 0.000000 0.000000 A-23 0.00 6.500000% 060506GJ5 0.000000 0.000000 0.000000 A-24 20,304,215.84 6.500000% 060506GK2 423.004497 2.291274 0.000000 A25 0.00 7.250000% 060506GL0 0.000000 0.000000 0.000000 A-PO 24,268.52 0.000000% 060506GM8 119.119226 0.000000 0.000000 Residual A-R 0.00 6.500000% 060506GN6 0.000000 0.374467 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 11,355,275.58 6.500000% 060506GP1 946.194115 5.125218 0.000000 B-2 3,549,174.13 6.500000% 060506GQ9 946.194115 5.125218 0.000000 B-3 1,656,785.90 6.500000% 060506GR7 946.194115 5.125218 0.000000 B-4 1,656,785.90 6.500000% 060506FJ6 946.194115 5.125218 0.000000 B-5 947,140.31 6.500000% 060506FK3 946.194115 5.125218 0.000000 B-6 784,723.65 6.500000% 060506FL1 783.864355 4.245932 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 41,163,953.14 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Mortgage Pass-Through Certificates Series 1999-7 Trust BANK OF AMERICA, N.A., SERVICER ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 0.00 0.00 Loan count 0 0 Avg loan rate 7.108114% 7.11 Prepay amount 41,104,808.03 41,104,808.03 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 14,109.76 14,109.76 Sub servicer fees 0.00 0.00 Trustee fees 120.06 120.06 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 161,219.05 161,219.05 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 100.000000% 100.000000% 21,214,067.68 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 0 0.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 0 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 41,386,793.13 41,386,793.13 Principal remittance amount 41,163,953.13 41,163,953.13 Interest remittance amount 222,840.00 222,840.00 -----END PRIVACY-ENHANCED MESSAGE-----