March 31, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: BA Mortgage Securities, Inc. Mortgage Pass-Through Certificates,
Series 1997-2; File No. 333-34225.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the trust fund (the
"Trust") created pursuant to a Pooling and Servicing Agreement dated
as of September 1, 1997 (the "Pooling and Servicing Agreement")
among BA Mortgage Securities, Inc. as the Depositor (the
"Depositor"), Bank of America, Federal Savings Bank and Bank of
America National Trust and Savings Association as Master Servicers
(together the "Master Servicers"), and Bankers Trust Company of
California, N.A., as trustee (the "trustee).
The Series 1997-2 Mortgage Pass-Through Certificates (the "Certificates"
will evidence the entire beneficial ownership interest in a trust fund
(the "Trust Fund") consisting primarily of a pool of conventional,
fixed-rate, one- to four-family first mortgage loans (the "Mortgage
Loans" to be deposited by BA Mortgage Securities, Inc. (the "Depositor")
into the Trust Fund for the benefit of the Certificateholders. Only
Class IA-2, Class IA-3, Class IA-4, Class IA-5, Class IA-6, Class IA-7,
Class IA-8, Class IIA-1, Class IIA-2, Class IIA-3, Class IIA-4, Class
IIA-5, Class I-X, Class II-X, Class M, Class B-1, Class B-2, Class R-I,
and Class R-II (the "Offered Certificates") are offered hereby.
The Offered Certificates were registered under the Securities Act of
1933, as amended, by a Registration Statement on Form S-11 (File No.
333-05201-01). As a result, the Trust is subject to the filing
requirements of Section 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). The Trust intends to fulfill these
filing requirements in the manner described herein:
The Trust will file, promptly after each Distribution Date (as
defined in the Pooling and Servicing Agreement), a Current Report on
Form 8-K in substantially the form enclosed herewith, including as
an exhibit thereto the applicable Distribution Date report. Each
such Current Report will also disclose under Item 5 any matter
occurring during the relevant reporting period which would be
reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q.
The Trust will file a Current Report on Form 8-K promptly after the
occurrence of any event described under Item 2, 3, 4 or 5 thereof,
responding to the requirements of the applicable Item.
Within 90 days after the end of each fiscal year, the Trust will file
an annual report of Form 10-K which responds to Items 2, 3, and 4 of
Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and
Item 14 of Part IV thereof, and include as exhibits thereto certain
information from the Distribution Date reports aggregated for such
year and a copy of the independent accountants' annual compliance
statement required under the Pooling and Servicing Agreement.
The Trust will follow the above procedures except for any fiscal year
as to which its reporting obligations under Section 15(d) of the
Exchange Act have been suspended pursuant to such Section. In such
event, the Trust will file a Form 15 as required under Rule 15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company of California, N.A.
S.E.C. Reporting Agent for BA Mortgage Securities, Inc. Mortgage
Pass-Through Certificates, Series 1997-2.
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): October 27, 1997
BA MORTGAGE SECURITIES, INC.
(as the Depositor (the "Depositor"), Bank of America, Federal
Savings Bank and Bank of America National Trust and Savings
Association, as master servicers (together the "Master Servicers",
and Bankers Trust Company of California, N.A., as trustee (the
"Trustee") under the Pooling and Servicing Agreement, dated as of
September 1, 1997, providing for the issuance of the Mortgage
Pass-Through Certificates, Series 1997-2
BA MORTGAGE SECURITIES, INC.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-34225 94-324470
(Commission File Number) (I.R.S. Employer Identification No.)
345 MONTGOMERY STREET,
LOWER LEVEL #2, UNIT #8152
SAN FRANCISCO, CALIFORNIA 94104
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (415) 622-3676
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements
to the Certificateholders which was derived from the monthly
information submitted by the Master Servicer of the Trust to the
Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Report to Certificateholders as to distributions made on October
27, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
Monthly Report to Certificateholders as to distributions made on November
25, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
Monthly Report to Certificateholders as to distributions made on December
26, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
Monthly Report to Certificateholders as to distributions made on January
26, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
Monthly Report to Certificateholders as to distributions made on February
25, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
Monthly Report to Certificateholders as to distributions made on March
25, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 31, 1998.
SIGNATURE
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, hereunto duly authorized.
Bankers Trust Company of California,
N.A., not in its individual
capacity, but solely as a duly
authorized agent of the Registrant
pursuant to the Pooling and
Servicing Agreement, dated as of
September 1, 1997.
Date: March 31, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders 5
dated as of October 27, 1997.
Monthly Remittance Statement to the Certificateholders 13
dated as of November 25, 1997.
Monthly Remittance Statement to the Certificateholders 23
dated as of December 26, 1997.
Monthly Remittance Statement to the Certificateholders 34
dated as of January 26, 1998.
Monthly Remittance Statement to the Certificateholders 44
dated as of February 25, 1998.
Monthly Remittance Statement to the Certificateholders 54
dated as of March 25, 1998.
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 50.00 0.30 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 168,123,904.52 696,216.66 1,689,212.93
U 4,744,326.00 4,744,326.00 0.00 27,733.21
V 961,465.76 961,465.76 0.00 1,243.59
W 173,839,660.00 173,839,660.00 1,007,377.74 1,067,310.79
X 18,147,601.00 18,147,601.00 109,641.75 12,042.71
Y 0.00 0.00 115,889.81 0.00
Z 0.00 0.00 53,350.53 0.00
R-I 50.00 50.00 0.30 50.00
Totals 427,002,263.00 427,002,263.00 2,351,520.06 2,797,643.23
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 50.30 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 2,385,429.59 0.00 348,813.21 168,123,904.52
U 27,733.21 0.00 0.00 4,716,592.79
V 1,243.59 0.00 0.00 960,222.17
W 2,074,688.53 0.00 42,903.53 172,815,252.74
X 121,684.46 0.00 0.00 18,135,558.29
Y 115,889.81 0.00 0.00 0.00
Z 53,350.53 0.00 0.00 0.00
R-I 50.30 0.00 0.00 0.00
Totals 5,149,163.29 0.00 391,716.74 424,596,336.51
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 1,000.000000 6.000000 1,000.000000 1,006.000000
S 1,000.000000 6.166667 0.000000 6.166667
T 1,000.000000 4.108338 9.967957 14.076295
U 1,000.000000 0.000000 5.845553 5.845553
V 1,000.000000 0.000000 1.293431 1.293431
W 1,000.000000 5.794867 6.139628 11.934495
X 1,000.000000 6.041666 0.663598 6.705264
Y 0.000000 0.390351 0.000000 0.390351
Z 0.000000 0.507944 0.000000 0.507944
R-I 055240BU8 1,000.000000 6.000000 1,000.000000 1,006.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 992.090371 7.400000% 7.400000%
U 994.154447 0.000000% 0.000000%
V 998.706569 0.000000% 0.000000%
W 994.107172 7.250000% 7.250000%
X 999.336402 7.250000% 7.250000%
Y 0.0000000000 0.468421% NA
Z 0.0000000000 0.609532% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: David Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92614
Distribution Date: October, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 81,564,177.00 241,555.08 47,967.50
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 85,233,602.00 525,607.21 316,307.68
IA-4 8,219,304.00 8,219,304.00 0.00 880,160.97
IA-5 5,000,000.00 5,000,000.00 30,208.33 3,444.07
IA-6 26,000,000.00 26,000,000.00 157,083.33 17,909.14
IA-7 27,666,398.00 27,666,398.00 170,609.45 492,744.28
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 83,225,000.00 502,817.71 1,026,966.88
IIA-2 2,167,000.00 2,167,000.00 0.00 0.00
IIA-3 4,934,275.00 4,934,275.00 0.00 0.00
IIA-4 12,356,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 40,561.43 0.00
II-X 0.00 0.00 53,350.53 0.00
Totals 408,854,562.00 408,854,562.00 2,241,877.71 2,785,500.52
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 289,522.58 0.00 298,127.50 81,814,337.00
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 841,914.89 0.00 0.00 84,917,294.32
IA-4 880,160.97 0.00 50,685.71 7,389,828.74
IA-5 33,652.40 0.00 0.00 4,996,555.93
IA-6 174,992.47 0.00 0.00 25,982,090.86
IA-7 663,353.73 0.00 0.00 27,173,653.72
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 1,529,784.59 0.00 0.00 82,198,033.12
IIA-2 0.00 0.00 13,092.29 2,180,092.29
IIA-3 0.00 0.00 29,881.24 4,964,086.24
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 40,561.43 0.00 0.00 0.00
II-X 53,350.53 0.00 0.00 0.00
Totals 5,027,378.23 0.00 391,716.74 406,460,778.22
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,000.000000 2.961534 0.588095 3.549629
IA-2 055240BA2 1,000.000000 5.833333 0.000000 5.833333
IA-3 055240BB0 1,000.000000 6.166667 3.711068 9.877734
IA-4 055240BC8 1,000.000000 0.000000 107.084611 107.084611
IA-5 055240BD6 1,000.000000 6.041666 0.688814 6.730480
IA-6 055240BE4 1,000.000000 6.041667 0.688813 6.730480
IA-7 055240BF1 1,000.000000 6.166667 17.810207 23.976874
IA-8 055240BM6 0.00000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 1,000.000000 6.166667 12.339644 18.381311
IIA-2 055240BH7 1,000.000000 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,000.000000 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 6.041666 0.000000 6.041666
II-X 055240BQ7 0.000000 6.041667 0.000000 6.041667
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 1,003.067033 3.553841% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 996.288932 7.400000% 7.400000%
IA-4 899.082056 7.400000% 7.400000%
IA-5 999.311186 7.250000% 7.250000%
IA-6 999.311187 7.250000% 7.250000%
IA-7 982.189793 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 987.660356 7.250000% 7.250000%
IIA-2 1,006.041666 7.250000% 7.250000%
IIA-3 1,006.041666 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: David Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92614
Distribution Date: October 27, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,472,539.00 45,146.59 4,958.76
B-1 4,910,526.00 4,910,526.00 29,667.76 3,258.61
B-2 2,135,011.00 2,135,011.00 12,899.02 1,416.79
B-3 1,494,507.00 1,494,507.00 9,029.31 991.75
B-4 1,067,505.00 1,067,505.00 6,449.51 708.39
B-5 1,067,513.00 1,067,513.00 6,449.56 708.41
R-II 50.00 50.00 0.30 50.00
Totals 18,147,651.00 18,147,651.00 109,642.05 12,092.71
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,105.35 0.00 0.00 7,467,580.24
B-1 32,926.37 0.00 0.00 4,907,267.39
B-2 14,315.81 0.00 0.00 2,133,594.21
B-3 10,021.06 0.00 0.00 1,493,515.25
B-4 7,157.90 0.00 0.00 1,066,796.61
B-5 7,157.97 0.00 0.00 1,066,804.59
R-II 50.30 0.00 0.00 0.00
Totals 121,734.76 0.00 0.00 18,135,558.29
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240BR5 1,000.000000 6.041667 0.663598 6.705264
B-1 055240BS3 1,000.000000 6.041666 0.663597 6.705263
B-2 055240BT1 1,000.000000 6.041664 0.663598 6.705263
B-3 055240BX2 1,000.000000 6.041665 0.663597 6.705261
B-4 055240BY0 1,000.000000 6.041667 0.663594 6.705261
B-5 055240BZ7 1,000.000000 6.041669 0.663608 6.705277
R-II 055240BV6 1,000.000000 6.000000 1,000.000000 1,006.00000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 999.336402 7.250000% 7.250000%
B-1 999.336403 7.250000% 7.250000%
B-2 999.336402 7.250000% 7.250000%
B-3 999.336403 7.250000% 7.250000%
B-4 999.336406 7.250000% 7.250000%
B-5 999.336392 7.250000% 7.250000%
R-II 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: David Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92614
Distribution Date: October, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: October 27,1997
MORTGAGE POOL INFORMATION:
BEGINNING BALANCE OF POOL 305,791,586.97 121,210,676.56
LESS: SCEDULED PRINCIPAL (210,655.02) (101,721.09)
PRINCIPAL PREPAYMENTS (1,207,059.51) (866,491.40)
REPURCHASES 0.00 0.00
LIQUIDATIONS 0.00 0.00
OTHER UNSCHEDULED PRINCIPAL 0.00 0.00
ENDING BALANCE POOL 304,373,872.44 120,222,464.07
BEGINNING NUMBER OF LOANS IN POOL 960 448
ENDING NUMBER OF LOANS IN POOL 956 444
WEIGHTED AVERAGE REMAINING TERM TO MATURITY 355 336
WEIGHTED AVERAGE NET CONTRACT RATE 7.949362% 7.984337%
CURRENT RELIZED LOSSES ON THE POOL 0.00 0.00
CUMULATIVE REALIZED LOSSES ON THE POOL 0.00 0.00
DELINQUENT, BANKRUPTCY, FORCLOSURE, AND REO LOAN INFORMATION
LOANS LOANS LOANS
30 TO 59 60 TO 89 90PLUS BANKRUPTCY FORECLOSURE REO
GROUP I DAYS DAYS DAYS
PRINCIPAL BAL 0.00 0.00 0.00 0.00 0.00 0.00
% OF GROUP BAL 0.000% 0.000% 0.000% 0.000% 0.000% 0.00%
NUMBER OF LOANS
0 0 0 0 0 0
% OF LOANS 0.000% 0.000% 0.000% 0.000% 0.000% 0.00%
GROUP II
PRINCIPAL BAL 0.00 0.00 0.00 0.00 0.00 0.00
% OF GROUP BAL 0.000% 0.000% 0.000% 0.000% 0.000% 0.00%
NUMBER OF LOANS
0 0 0 0 0 0
% OF LOANS 0.000% 0.000% 0.000% 0.000% 0.000% 0.00%
GROUP I BOOK VALUE OF REO PROPERTIES NA
GROUP I BOOK VALUE OF REO PROPERTIES NA
SERVICING INFORMATION
SERVICING FEES ACCURED DURING THE CURRENT DUE PERIOD 63,706.58 25,252.22
PLUS: ADDITIONAL SERVICING COMPENSATION 0.00 0.00
LESS: AMTS. TO COVER PREPAYMENT INT. SHORTFALL (541.37) 0.00
DELINQUENT SERVICING FEES 0.00 0.00
SERVICING FEES COLLECED FOR THE CURRENT DUE PERIOD 63,165.21 25,252.22
ADVANCED PRINCIPAL 0.00 0.00
ADVANCED INTEREST 0.00 0.00
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: October 27,1997
OTHER CUM.
PREPAYMENT UNSCHED. CERTIF. UNPAID CUMUL.
PRINCIPAL PRINCIPAL INT. INT. REALIZED
DIST. DIST. SHORTFALL SHORTFALL LOSSES
CLASS
CLASS IA-1 33,300.86 0.00 0.00 0.00 0.00
CLASS IA-2 0.00 0.00 0.00 0.00 0.00
CLASS IA-3 217,112.78 0.00 0.00 0.00 0.00
CLASS IA-4 604,140.23 0.00 0.00 0.00 0.00
CLASS IA-5 2,364.00 0.00 0.00 0.00 0.00
CLASS IA-6 12,292.79 0.00 0.00 0.00 0.00
CLASS IA-7 338,218.41 0.00 0.00 0.00 0.00
CLASS IA-8 0.00 0.00 0.00 0.00 0.00
CLASS IIA-1 886,121.32 0.00 0.00 0.00 0.00
CLASS IIA-2 0.00 0.00 0.00 0.00 0.00
CLASS IIA-3 0.00 0.00 0.00 0.00 0.00
CLASS IIA-4 0.00 0.00 0.00 0.00 0.00
CLASS IIA-5 0.00 0.00 0.00 0.00 0.00
CLASS I-X 0.00 0.00 0.00 0.00 0.00
CLASS II-X 0.00 0.00 0.00 0.00 0.00
CLASS M 0.00 0.00 0.00 0.00 0.00
CLASS B-1 0.00 0.00 0.00 0.00 0.00
CLASS B-2 0.00 0.00 0.00 0.00 0.00
CLASS B-3 0.00 0.00 0.00 0.00 0.00
CLASS B-4 0.00 0.00 0.00 0.00 0.00
CLASS B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 2,093,550.38 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS
GROUP I PERCENTAGE 95.75%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 96.94%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 12,042.71
HAS THE CREDIT SUPPORT DEPLETION DATE OCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: David Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92614
Distribution Date: October 27, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 0.00 0.00 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 168,123,904.52 691,227.51 2,947,288.53
U 4,744,326.00 4,716,592.79 0.00 53,831.50
V 961,465.76 960,222.17 0.00 1,351.35
W 173,839,660.00 172,815,252.74 1,000,929.42 2,479,540.25
X 18,147,601.00 18,135,558.29 109,569.00 12,045.12
Y 0.00 0.00 115,084.01 0.00
Z 0.00 0.00 52,716.14 0.00
R-I 50.00 0.00 0.00 0.00
Totals 427,002,263.00 424,596,336.51 2,338,569.05 5,494,056.75
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 0.00 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 3,638,516.04 0.00 345,536.56 165,522,152.55
U 53,831.50 0.00 0.00 4,662,761.29
V 1,351.35 0.00 0.00 958,870.82
W 3,480,469.67 0.00 43,162.74 170,378,875.23
X 121,614.12 0.00 0.00 18,123,513.17
Y 115,084.01 0.00 0.00 0.00
Z 52,716.14 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 7,832,625.80 0.00 388,699.30 419,490,979.06
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 0.000000 0.000000 0.000000 0.000000
S 1,000.000000 6.166667 0.000000 6.166667
T 992.090371 4.078897 17.391796 21.470693
U 994.154447 0.000000 11.346501 11.346501
V 998.706569 0.000000 1.405510 1.405510
W 994.107172 5.757774 14.263375 20.021149
X 999.336402 6.037658 0.663731 6.701388
Y 0.00000000 0.387637 0.000000 0.387637
Z 0.00000000 0.501904 0.000000 0.501904
R-I 055240BU8 0.00000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 976.737569 7.400000% 7.400000%
U 982.807946 0.000000% 0.000000%
V 997.301058 0.000000% 0.000000%
W 980.092087 7.250000% 7.250000%
X 998.672671 7.250000% 7.250000%
Y 0.0000000000 0.467385% NA
Z 0.0000000000 0.607854% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 81,814,337.00 240,916.58 74,299.21
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 84,917,294.32 523,656.65 441,773.02
IA-4 8,219,304.00 7,389,828.74 0.00 2,009,567.73
IA-5 5,000,000.00 4,996,555.93 30,187.53 3,455.11
IA-6 26,000,000.00 25,982,090.86 156,975.13 17,966.56
IA-7 27,666,398.00 27,173,653.72 167,570.86 495,947.78
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 82,198,033.12 496,613.12 2,439,002.22
IIA-2 2,167,000.00 2,180,092.29 0.00 0.00
IIA-3 4,934,275.00 4,964,086.24 0.00 0.00
IIA-4 12,356,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 40,279.40 0.00
II-X 0.00 0.00 52,716.14 0.00
Totals 408,854,562.00 406,460,778.22 2,229,000.05 5,482,011.63
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 315,215.79 0.00 299,965.95 82,040,003.74
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 965,429.67 0.00 0.00 84,475,521.30
IA-4 2,009,567.73 0.00 45,570.61 5,425,831.62
IA-5 33,642.64 0.00 0.00 4,993,100.82
IA-6 174,941.69 0.00 0.00 25,964,123.30
IA-7 663,518.64 0.00 0.00 26,677,705.94
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 2,935,615.34 0.00 0.00 79,759,030.90
IIA-2 0.00 0.00 13,171.39 2,193,263.68
IIA-3 0.00 0.00 29,991.35 4,994,077.59
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 40,279.40 0.00 0.00 0.00
II-X 52,716.14 0.00 0.00 0.00
Totals 7,711,011.68 0.00 388,699.30 401,367,465.89
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,003.067033 2.953706 0.910929 3.864635
IA-2 055240BA2 1,000.000000 5.833333 0.0000000 5.8333333
IA-3 055240BB0 996.288932 6.143782 5.183085 11.326867
IA-4 055240BC8 899.082056 0.000000 244.493662 244.493662
IA-5 055240BD6 999.311186 6.037506 0.691022 6.728528
IA-6 055240BE4 999.311187 6.037505 0.691022 6.728527
IA-7 055240BF1 982.189793 6.056837 17.925997 23.982834
IA-8 055240BM6 0.00000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 987.660356 5.967115 29.306125 35.273239
IIA-2 055240BH7 1,066.041666 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,066.041666 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 5.999657 0.000000 5.999657
II-X 055240BQ7 0.000000 5.969826 0.000000 5.969826
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 1,005.833771 3.533609% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 991.105847 7.400000% 7.400000%
IA-4 660.132734 7.400000% 7.400000%
IA-5 998.620164 7.250000% 7.250000%
IA-6 998.620165 7.250000% 7.250000%
IA-7 964.263795 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 958.354231 7.250000% 7.250000%
IIA-2 1,012.119834 7.250000% 7.250000%
IIA-3 1,012.119833 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,467,580.24 45,116.63 4,959.75
B-1 4,910,526.00 4,907,267.39 29,648.07 3,259.27
B-2 2,135,011.00 2,133,594.21 12,890.47 1,417.07
B-3 1,494,507.00 1,493,515.25 9,023.32 991.95
B-4 1,067,505.00 1,066,796.61 6,445.23 708.54
B-5 1,067,513.00 1,066,804.59 6,445.28 708.54
R-II 50.00 0.00 0.00 0.00
Totals 18,147,651.00 18,135,558.29 109,569.00 12,045.12
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,076.38 0.00 0.00 7,462,620.49
B-1 32,907.34 0.00 0.00 4,904,008.12
B-2 14,307.54 0.00 0.00 2,132,177.14
B-3 10,015.27 0.00 0.00 1,492,523.30
B-4 7,153.77 0.00 0.00 1,066,088.07
B-5 7,155.82 0.00 0.00 1,066,096.05
R-II 0.00 0.00 0.00 0.00
Totals 121,614.12 0.00 0.00 18,123,513.17
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240BR5 999.336402 6.037657 0.663730 6.701388
B-1 055240BS3 999.336403 6.037657 0.663731 6.701388
B-2 055240BT1 999.336402 6.037660 0.663730 6.701389
B-3 055240BX2 999.336403 6.037657 0.663731 6.701387
B-4 055240BY0 999.336406 6.037658 0.663735 6.701392
B-5 055240BZ7 999.336392 6.037659 0.663730 6.701389
R-II 055240BV6 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 998.672672 7.250000% 7.250000%
B-1 998.672672 7.250000% 7.250000%
B-2 998.672672 7.250000% 7.250000%
B-3 998.672673 7.250000% 7.250000%
B-4 998.672671 7.250000% 7.250000%
B-5 998.672663 7.250000% 7.250000%
R-II 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS GROUP I GROUP II
MORTGAGE POOL INFORMATION:
Beginning Number of Pool 304,373,872.97 120,222,464.07
Less: Scheduled Principal (210,496.45) (100,075.67)
Principal Prepayments (2,494,813.86)(2,299,972.00)
Repurchases 0.00 0.00
Liquidations 0.00 0.00
Other Unscheduled Principal 0.00 0.00
Ending Balance of Pool 301,668,562.66 117,822,416.40
Beginning Number of Loans in Pool 956 444
Ending Number of Loans in Pool 948 436
Weighted Average Remaining Term to Maturity 352 331
Weighted Average Net Contract Rate 7.948282% 7.982050%
Current Realized Losses on the Pool 0.00 0.00
Cumulative Realized Losses on the Pool 0.00 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Group I
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0810% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group II
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group I Book Value of REO Properties NA
Group II Book Value of REO Properties NA
Servicing Information: Group I Group II
Services Fees Accrued during the current due period 63,411.22 25,046.35
Plus: Additional servicing compensation 0.00 0.00
Less: Amts. To cover prepayment Int. Shortfall (3,645.20) (2,966.80)
Delinquent Services Fees 0.00 0.00
Servicing Fees Collected for the Current Due Period 59,766.02 22,079.55
Advanced Principal 0.00 0.00
Advanced Interest 0.00 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: November 25, 1997
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
IA-1 61,390.03 0.00 0.00 0.00 0.00
IA-2 0.00 0.00 0.00 0.00 0.00
IA-3 362,183.94 0.00 0.00 0.00 0.00
IA-4 1,647,527.39 0.00 0.00 0.00 0.00
IA-5 2,832.64 0.00 0.00 0.00 0.00
IA-6 14,729.73 0.00 0.00 0.00 0.00
IA-7 406,598.66 0.00 0.00 0.00 0.00
IA-8 0.00 0.00 0.00 0.00 0.00
IIA-1 2,299,522.93 0.00 0.00 0.00 0.00
IIA-2 0.00 0.00 0.00 0.00 0.00
IIA-3 0.00 0.00 0.00 0.00 0.00
IIA-4 0.00 0.00 0.00 0.00 0.00
IIA-5 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 4,794,785.33 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
GROUP I PERCENTAGE 95.73%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 96.92%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 12,045.12
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92614
Distribution Date: November 25, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 0.00 0.00 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 165,522,152.55 685,444.93 3,240,746.03
U 4,744,326.00 4,662,761.29 0.00 60,113.19
V 961,465.76 958,870.82 0.00 1,004.19
W 173,839,660.00 170,378,875.23 985,948.85 2,706,506.33
X 18,147,601.00 18,123,513.17 109,496.23 12,145.94
Y 0.00 0.00 113,378.43 0.00
Z 0.00 0.00 51,399.81 0.00
R-I 50.00 0.00 0.00 0.00
Totals 427,002,263.00 419,490,979.06 2,314,711.19 6,020,515.68
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 0.00 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 3,926,190.93 0.00 335,275.03 162,616,681.55
U 60,113.19 0.00 0.00 4,602,648.10
V 1,004.19 0.00 0.00 957,866.63
W 3,692,455.18 0.00 43,423.52 167,715,792.42
X 121,642.17 0.00 0.00 18,111,367.23
Y 113,378.43 0.00 0.00 0.00
Z 51,399.81 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 8,335,226.87 0.00 378,698.55 413,849,161.93
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 0.000000 0.000000 0.000000 0.000000
S 1,000.000000 6.166667 0.000000 6.166667
T 976.737569 4.044775 19.123473 23.168247
U 982.807946 0.000000 12.670544 12.670544
V 997.301058 0.000000 1.044437 1.044437
W 980.092087 5.671599 15.568981 21.240580
X 998.672671 6.033648 0.669286 6.702934
Y 0.00000000 0.381892 0.000000 0.381892
Z 0.00000000 0.489371 0.000000 0.489371
R-I 055240BU8 0.00000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 959.592536 7.400000% 7.400000%
U 970.137402 0.000000% 0.000000%
V 996.256622 0.000000% 0.000000%
W 964.772897 7.250000% 7.250000%
X 998.003385 7.250000% 7.250000%
Y 0.0000000000 0.464699% NA
Z 0.0000000000 0.606501% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1997 Irvine, CA 92614
Distribution Date: December 26, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 82,040,003.74 239,692.46 80,301.20
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 84,475,521.30 520,932.38 567,067.79
IA-4 8,219,304.00 5,425,831.62 0.00 2,174,602.56
IA-5 5,000,000.00 4,993,100.82 30,166.65 3,486.23
IA-6 26,000,000.00 25,964,124.30 156,866.58 18,128.39
IA-7 27,666,398.00 26,677,705.94 164,512.52 499,075.68
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 79,759,030.90 481,877.48 2,665,707.89
IIA-2 2,167,000.00 2,193,263.68 0.00 0.00
IIA-3 4,934,275.00 4,994,077.59 0.00 0.00
IIA-4 12,356,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 39,682.75 0.00
II-X 0.00 0.00 51,399.81 0.00
Totals 408,854,562.00 401,367,465.89 2,205,214.96 6,008,369.74
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 319,993.66 0.00 301,815.74 82,261,518.28
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 1,088,000.17 0.00 0.00 83,908,453.51
IA-4 2,174,602.56 0.00 33,459.29 3,284,688.35
IA-5 33,652.88 0.00 0.00 4,989,614.59
IA-6 174,994.97 0.00 0.00 25,945,995.91
IA-7 663,588.20 0.00 0.00 26,178,630.26
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 3,147,585.39 0.00 0.00 77,093,323.01
IIA-2 0.00 0.00 13,250.97 2,206,514.65
IIA-3 0.00 0.00 30,172.55 5,024,250.14
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 39,682.44 0.00 0.00 0.00
II-X 51,399.81 0.00 0.00 0.00
Totals 8,213,584.70 0.00 378,698.55 395,737,794.70
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,005.833771 2.938698 0.984516 3.923213
IA-2 055240BA2 1,000.000000 5.833333 0.0000000 5.8333333
IA-3 055240BB0 991.105847 6.111819 6.653101 12.764921
IA-4 055240BC8 660.132734 0.000000 264.572592 264.572592
IA-5 055240BD6 998.620164 6.033330 0.697246 6.730576
IA-6 055240BE4 998.620165 6.033330 0.697246 6.730576
IA-7 055240BF1 964.263795 5.946293 18.039055 23.985349
IA-8 055240BM6 0.00000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 958.354231 5.790057 32.030134 37.820191
IIA-2 055240BH7 1,012.119834 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,012.119833 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 5.910740 0.000000 5.910740
II-X 055240BQ7 0.000000 5.820758 0.000000 5.820758
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 1,008.549602 7.920646% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 984.452746 7.400000% 7.400000%
IA-4 399.630960 7.400000% 7.400000%
IA-5 997.922918 7.250000% 7.250000%
IA-6 997.922920 7.250000% 7.250000%
IA-7 946.224740 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 926.324097 7.250000% 7.250000%
IIA-2 1,018.234725 7.250000% 7.250000%
IIA-3 1,018.234723 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1997 Irvine, CA 92614
Distribution Date: December 26, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,462,620.49 45,086.67 5,001.27
B-1 4,910,526.00 4,904,008.12 29,628.38 3,286.55
B-2 2,135,011.00 2,132,177.14 12,881.90 1,428.93
B-3 1,494,507.00 1,492,523.30 9,017.33 1,000.25
B-4 1,067,505.00 1,066,088.07 6,440.95 714.47
B-5 1,067,513.00 1,066,096.05 6,441.00 714.47
R-II 50.00 0.00 0.00 0.00
Totals 18,147,651.00 18,123,513.17 109,496.23 12,145.94
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,087.94 0.00 0.00 7,457,619.22
B-1 32,914.93 0.00 0.00 4,900,721.57
B-2 14,310.83 0.00 0.00 2,130,748.20
B-3 10,017.58 0.00 0.00 1,491,523.05
B-4 7,155.42 0.00 0.00 1,065,373.60
B-5 7,155.47 0.00 0.00 1,065,381.58
R-II 0.00 0.00 0.00 0.00
Totals 121,642.17 0.00 0.00 18,111,367.23
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1998 Irvine, CA 92614
Distribution Date: December 26, 1998 Factor Information (800)735-7777
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240BR5 998.672672 6.033648 0.669287 6.702935
B-1 055240BS3 998.672672 6.033647 0.669287 6.702934
B-2 055240BT1 998.672672 6.033646 0.669285 6.702930
B-3 055240BX2 998.672672 6.033649 0.669284 6.702933
B-4 055240BY0 998.672671 6.033649 0.669290 6.702938
B-5 055240BZ7 998.672663 6.033650 0.669285 6.702935
R-II 055240BV6 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 998.003385 7.250000% 7.250000%
B-1 998.003385 7.250000% 7.250000%
B-2 998.003387 7.250000% 7.250000%
B-3 998.003388 7.250000% 7.250000%
B-4 998.003382 7.250000% 7.250000%
B-5 998.003378 7.250000% 7.250000%
R-II 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1997 Irvine, CA 92614
Distribution Date: December 26, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS GROUP I GROUP II
MORTGAGE POOL INFORMATION:
Beginning Number of Pool 301,668,562.66 117,822,416.40
Less: Scheduled Principal (210,650.48) (98,741.05)
Principal Prepayments (2,805,001.73)(2,527,423.87)
Repurchases 0.00 0.00
Liquidations 0.00 0.00
Other Unscheduled Principal 0.00 0.00
Ending Balance of Pool 298,652,910.45 115,196,251.48
Beginning Number of Loans in Pool 948 436
Ending Number of Loans in Pool 942 426
Weighted Average Remaining Term to Maturity 351 330
Weighted Average Net Contract Rate 7.945523% 7.978533%
Current Realized Losses on the Pool 0.00 0.00
Cumulative Realized Losses on the Pool 0.00 0.00
Beginning Balance of Premium Loans 292,778,849.20 101,697,737.12
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Group I
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0810% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group II
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group I Book Value of REO Properties NA
Group II Book Value of REO Properties NA
Servicing Information: Group I Group II
Services Fees Accrued during the current due period 62,847.62 24,546.34
Plus: Additional servicing compensation 0.00 0.00
Less: Amts. To cover prepayment Int. Shortfall (4,395.03) (4,519.15)
Delinquent Services Fees (413.86) (650.06)
Servicing Fees Collected for the Current Due Period 58,038.73 19,377.13
Advanced Principal 1,409.10 2,494.03
Advanced Interest 12,593.77 20,117.02
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1997 Irvine, CA 92614
Distribution Date: December 26, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: December 26, 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
IA-1 67,505.49 0.00 0.00 0.00 0.00
IA-2 0.00 0.00 0.00 0.00 0.00
IA-3 475,851.63 0.00 0.00 0.00 0.00
IA-4 1,824,805.07 0.00 0.00 0.00 0.00
IA-5 2,925.45 0.00 0.00 0.00 0.00
IA-6 15,212.33 0.00 0.00 0.00 0.00
IA-7 418,796.45 0.00 0.00 0.00 0.00
IA-8 0.00 0.00 0.00 0.00 0.00
IIA-1 2,527,329.17 0.00 0.00 0.00 0.00
IIA-2 0.00 0.00 0.00 0.00 0.00
IIA-3 0.00 0.00 0.00 0.00 0.00
IIA-4 0.00 0.00 0.00 0.00 0.00
IIA-5 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 5,332,425.60 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
GROUP I PERCENTAGE 95.69%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 96.85%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 12,145.94
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: November 28, 1997 Irvine, CA 92614
Distribution Date: December 26, 1997 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 0.00 0.00 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 162,616,681.55 678,870.35 6,400,081.88
U 4,744,326.00 4,602,648.10 0.00 125,713.42
V 961,465.76 957,866.63 0.00 1,173.18
W 173,839,660.00 167,715,792.42 969,597.05 2,515,647.38
X 18,147,601.00 18,111,367.23 109,422.85 13,530.36
Y 0.00 0.00 111,629.38 0.00
Z 0.00 0.00 49,727.03 0.00
R-I 50.00 0.00 0.00 0.00
Totals 427,002,263.00 413,849,161.93 2,288,289.63 9,056,146.22
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 0.00 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 7,078,952.23 0.00 323,932.52 156,540,532.19
U 125,713.42 0.00 0.00 4,476,934.68
V 1,173.18 0.00 0.00 956,693.45
W 3,485,244.43 0.00 43,685.87 165,243,830.91
X 122,953.21 0.00 0.00 18,097,836.87
Y 111,629.38 0.00 0.00 0.00
Z 49,727.03 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 11,344,435.85 0.00 367,618.39 405,160,634.10
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 0.000000 0.000000 0.000000 0.000000
S 1,000.0000 6.166667 0.000000 6.166667
T 959.592536 4.005978 37.766549 41.772527
U 970.137402 0.000000 26.497635 26.497635
V 996.256622 0.000000 1.220199 1.220199
W 964.772897 5.577537 14.471079 20.048615
X 998.003385 6.029604 0.745573 6.775177
Y 0.00000000 0.376001 0.000000 0.376001
Z 0.00000000 0.473445 0.000000 0.473445
R-I 055240BU8 0.00000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 923.737497 7.400000% 7.400000%
U 943.639767 0.000000% 0.000000%
V 995.036442 0.000000% 0.000000%
W 950.553118 7.250000% 7.250000%
X 997.257812 7.250000% 7.250000%
Y 0.0000000000 0.462279% NA
Z 0.0000000000 0.602206% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: December 31, 1997 Irvine, CA 92614
Distribution Date: January 26, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 82,261,518.28 234,439.70 338,405.13
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 83,908,453.51 517,435.46 1,048,403.67
IA-4 8,219,304.00 3,284,688.35 0.00 3,284,688.35
IA-5 5,000,000.00 4,989,614.59 30,145.59 3,526.41
IA-6 26,000,000.00 25,945,995.91 156,757.06 18,337.34
IA-7 27,666,398.00 26,178,630.26 161,434.89 1,874,876.03
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 77,093,323.01 465,772.16 2,474,378.93
IIA-2 2,167,000.00 2,206,514.65 0.00 0.00
IIA-3 4,934,275.00 5,024,250.14 0.00 0.00
IIA-4 12,356,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 39,070.25 0.00
II-X 0.00 0.00 49,727.03 0.00
Totals 408,854,562.00 395,737,794.70 2,178,866.78 9,042,615.86
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 576,844.83 0.00 303,676.94 82,226,790.09
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 1,565,839.13 0.00 0.00 82,860,049.84
IA-4 3,284,688.35 0.00 20,255.58 20,255.58
IA-5 33,672.00 0.00 0.00 4,986,088.18
IA-6 175,094.40 0.00 0.00 25,927,658.57
IA-7 2,036,310.92 0.00 0.00 24,303,754.23
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 2,940,151.09 0.00 0.00 74,618,944.08
IIA-2 0.00 0.00 13,331.03 2,219,845.68
IIA-3 0.00 0.00 30,354.84 5,054,604.98
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 39,070.25 0.00 0.00 0.00
II-X 49,727.03 0.00 0.00 0.00
Totals 11,221,482.64 0.00 367,618.39 387,062,797.23
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,008.549602 2.923339 4.148943 7.072282
IA-2 055240BA2 1,000.000000 5.833333 0.0000000 5.8333333
IA-3 055240BB0 984.452746 6.070792 12.300356 18.371148
IA-4 055240BC8 399.630960 0.000000 399.630960 399.630960
IA-5 055240BD6 1,000.000000 7.209560 0.000000 6.705665
IA-6 055240BE4 997.922918 6.029118 0.705282 6.734400
IA-7 055240BF1 946.224740 5.835053 67.767262 73.602314
IA-8 055240BM6 0.000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 926.324097 5.596541 29.731198 35.327739
IIA-2 055240BH7 1,018.234725 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,018.234723 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 5.819553 0.000000 5.819553
II-X 055240BQ7 0.000000 5.631325 0.000000 5.631325
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 1,008.123825 7.908193% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 972.152389 7.400000% 7.400000%
IA-4 2.464391 7.400000% 7.400000%
IA-5 997.217636 7.250000% 7.250000%
IA-6 997.217637 7.250000% 7.250000%
IA-7 878.457478 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 896.592900 7.250000% 7.250000%
IIA-2 1,024.386562 7.250000% 7.250000%
IIA-3 1,024.3865557 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: December 31, 1997 Irvine, CA 92614
Distribution Date: January 26, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,457,619.22 45,056.45 5,571.32
B-1 4,910,526.00 4,900,721.57 29,608.53 3,661.16
B-2 2,135,011.00 2,130,748.21 12,873.27 1,591.81
B-3 1,494,507.00 1,491,523.05 9,011.29 1,114.26
B-4 1,067,505.00 1,065,373.60 6,436.63 795.90
B-5 1,067,513.00 1,065,381.58 6,436.68 795.91
R-II 50.00 0.00 0.00 0.00
Totals 18,147,651.00 18,111,367.23 109,422.85 13,530.36
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,627.77 0.00 0.00 7,452,047.90
B-1 33,269.69 0.00 0.00 4,897,060.41
B-2 14,465.08 0.00 0.00 2,129,156.40
B-3 10,125.55 0.00 0.00 1,490,408.79
B-4 7,232.53 0.00 0.00 1,064,577.70
B-5 7,232.59 0.00 0.00 1,064,585.67
R-II 0.00 0.00 0.00 0.00
Totals 122,953.21 0.00 0.00 18,097,836.87
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92614
Distribution Date: January 26, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS GROUP I GROUP II
MORTGAGE POOL INFORMATION:
Beginning Number of Pool 298,652,910.45 115,196,251.48
Less: Scheduled Principal (211,095.24) (97,857.93)
Principal Prepayments (6,041,421.66)(2,338,153.00)
Repurchases 0.00 0.00
Liquidations 0.00 0.00
Other Unscheduled Principal 0.00 0.00
Ending Balance of Pool 292,400,393.55 112,760,240.55
Beginning Number of Loans in Pool 942 426
Ending Number of Loans in Pool 925 421
Weighted Average Remaining Term to Maturity 353 336
Weighted Average Net Contract Rate 7.942999% 7.972067%
Current Realized Losses on the Pool 0.00 0.00
Cumulative Realized Losses on the Pool 0.00 0.00
Beginning Balance of Premium Loans 289,771,746.12 99,089,727.44
Stripped Interest Rate 0.462279% 0.602206%
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Group I
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0810% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group II
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group I Book Value of REO Properties NA
Group II Book Value of REO Properties NA
Servicing Information: Group I Group II
Services Fees Accrued during the current due period 62,219.35 23,999.22
Plus: Additional servicing compensation 0.00 0.00
Less: Amts. To cover prepayment Int. Shortfall (3,423.67) (4,848.65)
Delinquent Services Fees (390.02) 376.54
Servicing Fees Collected for the Current Due Period 58,405.66 19,527.11
Advanced Principal 1,270.68 1,359.21
Advanced Interest 12,301.19 11,703.55
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: December 31, 1997 Irvine, CA 92614
Distribution Date: January 26, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: January 26, 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
IA-1 311,545.17 0.00 0.00 0.00 0.00
IA-2 0.00 0.00 0.00 0.00 0.00
IA-3 964,308.99 0.00 0.00 0.00 0.00
IA-4 3,021,216.56 0.00 0.00 0.00 0.00
IA-5 3,243.55 0.00 0.00 0.00 0.00
IA-6 16,866.46 0.00 0.00 0.00 0.00
IA-7 1,724,488.27 0.00 0.00 0.00 0.00
IA-8 0.00 0.00 0.00 0.00 0.00
IIA-1 2,337,905.66 0.00 0.00 0.00 0.00
IIA-2 0.00 0.00 0.00 0.00 0.00
IIA-3 0.00 0.00 0.00 0.00 0.00
IIA-4 0.00 0.00 0.00 0.00 0.00
IIA-5 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 8,379,574.66 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
GROUP I PERCENTAGE 95.56%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 95.51%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 13,530.36
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: December 31, 1997 Irvine, CA 92614
Distribution Date: January 26, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 0.00 0.00 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 156,540,532.19 660,843.46 6,420,848.10
U 4,744,326.00 4,476,934.68 0.00 126,545.33
V 961,465.76 956,693.45 0.00 31,606.84
W 173,839,660.00 165,243,830.91 954,398.34 2,684,668.43
X 18,147,601.00 18,097,836.87 109,341.09 13,655.26
Y 0.00 0.00 108,323.81 0.00
Z 0.00 0.00 47,983.20 0.00
R-I 50.00 0.00 0.00 0.00
Totals 427,002,263.00 405,160,634.10 2,249,932.87 9,277,323.96
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 0.00 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 7,081,691.56 0.00 304,489.82 150,424,173.91
U 126,545.33 0.00 0.00 4,350,389.35
V 31,606.84 0.00 0.00 925,086.61
W 3,639,066.77 0.00 43,949.81 162,603,112.29
X 122,996.35 0.00 0.00 18,084,181.61
Y 108,323.81 0.00 0.00 0.00
Z 47,983.20 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 11,527,256.83 0.00 348,439.63 396,231,749.77
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 0.000000 0.000000 0.000000 0.000000
S 1,000.000000 6.166667 0.000000 6.166667
T 923.737497 3.899603 37.889089 41.788692
U 943.639767 0.000000 26.672984 26.672984
V 995.036422 0.000000 32.873599 32.873599
W 950.553118 5.490107 15.443360 20.933467
X 997.257812 6.025099 0.752455 6.777554
Y 0.00000000 0.364867 0.000000 0.364867
Z 0.00000000 0.456842 0.000000 0.456842
R-I 055240BU8 0.00000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 887.645186 7.400000% 7.400000%
U 916.966783 0.000000% 0.000000%
V 962.162823 0.000000% 0.000000%
W 935.362577 7.250000% 7.250000%
X 996.505357 7.250000% 7.250000%
Y 0.0000000000 0.458468% NA
Z 0.0000000000 0.595608% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 27, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 82,226,790.09 236,173.82 817,803.60
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 82,860,049.84 510,970.31 418,807.01
IA-4 8,219,304.00 20,255.58 0.00 20,380.49
IA-5 5,000,000.00 4,986,088.18 30,124.28 3,562.75
IA-6 26,000,000.00 25,927,658.57 156,646.27 18,526.30
IA-7 27,666,398.00 24,303,754.23 149,873.15 5,341,613.84
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 74,618,944.08 450,822.79 2,642,974.71
IIA-2 2,167,000.00 2,219,845.68 0.00 0.00
IIA-3 4,934,275.00 5,054,604.98 0.00 0.00
IIA-4 1,000,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 37,913.32 0.00
II-X 0.00 0.00 47,198.74 0.00
Totals 408,854,562.00 387,062,797.23 2,140,591.78 9,263,668.70
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 1,053,977.42 0.00 304,364.91 81,713,351.40
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 929,777.32 0.00 0.00 82,441,242.83
IA-4 20,380.49 0.00 124.91 0.00
IA-5 33,687.03 0.00 0.00 4,982,525.43
IA-6 175,172.57 0.00 0.00 25,909,132.27
IA-7 5,491,486.99 0.00 0.00 18,962,140.39
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 3,093,797.50 0.00 0.00 71,975,969.37
IIA-2 0.00 0.00 13,411.57 2,233,257.25
IIA-3 0.00 0.00 30,538.24 5,085,143.22
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 37,913.32 0.00 0.00 0.00
II-X 47,983.20 0.00 0.00 0.00
Totals 11,404,260.48 0.00 348,439.63 378,147,568.16
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,008.123825 2.895558 10.026505 12.922063
IA-2 055240BA2 1,000.000000 5.833333 0.0000000 5.8333333
IA-3 055240BB0 972.152389 5.994940 4.913637 10.908577
IA-4 055240BC8 2.464391 0.000000 2.479588 2.479588
IA-5 055240BD6 997.217636 6.024856 0.712550 6.737406
IA-6 055240BE4 997.217637 6.024857 0.712550 6.737407
IA-7 055240BF1 878.457478 5.417154 193.07255 198.489409
IA-8 055240BM6 0.000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 864.592900 5.416915 31.756981 37.173896
IIA-2 055240BH7 1,024.386562 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,024.386557 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 5.647227 0.000000 5.647227
II-X 055240BQ7 0.000000 5.433845 0.000000 5.433845
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 1,001.828921 7.888505% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 967.238752 7.400000% 7.400000%
IA-4 0.000000 7.400000% 7.400000%
IA-5 996.505086 7.250000% 7.250000%
IA-6 996.50587 7.250000% 7.250000%
IA-7 685.385224 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 864.835919 7.250000% 7.250000%
IIA-2 1,030.575565 7.250000% 7.250000%
IIA-3 1,030.575560 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,452,047.90 45,022.79 5,622.75
B-1 4,910,526.00 4,897,060.41 29,586.41 3,694.95
B-2 2,135,011.00 2,129,156.40 12,863.65 1,606.50
B-3 1,494,507.00 1,490,408.79 9,004.55 1,124.55
B-4 1,067,505.00 1,064,577.70 6,431.82 803.25
B-5 1,067,513.00 1,064,585.67 6,431.87 803.26
R-II 50.00 0.00 0.00 0.00
Totals 18,147,651.00 18,097,836.87 109,341.09 13,655.26
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,645.54 0.00 0.00 7,446,425.15
B-1 33,281.36 0.00 0.00 4,893,365.46
B-2 14,470.15 0.00 0.00 2,127,549.90
B-3 10,129.10 0.00 0.00 1,489,284.24
B-4 7,235.07 0.00 0.00 1,063,774.45
B-5 7,235.13 0.00 0.00 1,063,782.41
R-II 0.00 0.00 0.00 0.00
Totals 122,996.35 0.00 0.00 18,084,181.61
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240BR5 997.257813 6.025099 0.752455 6.777554
B-1 055240BS3 997.257811 6.025100 0.752455 6.777555
B-2 055240BT1 997.257813 6.025098 0.752455 6.777553
B-3 055240BX2 997.257818 6.025097 0.752455 6.777553
B-4 055240BY0 997.257811 6.025096 0.752455 6.777551
B-5 055240BZ7 997.257804 6.025098 0.752459 6.777557
R-II 055240BV6 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 996.505358 7.250000% 7.250000%
B-1 996.505356 7.250000% 7.250000%
B-3 996.505363 7.250000% 7.250000%
B-4 996.505356 7.250000% 7.250000%
B-5 996.505345 7.250000% 7.250000%
R-II 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS GROUP I GROUP II
MORTGAGE POOL INFORMATION:
Beginning Number of Pool 292,400,393.55 112,760,240.55
Less: Scheduled Principal (208,953.21) (96,514.39)
Principal Prepayments (6,085,116.02)(2,538,300.71)
Repurchases 0.00 0.00
Liquidations 0.00 0.00
Other Unscheduled Principal 0.00 0.00
Ending Balance of Pool 286,106,324.32 110,125,425.45
Beginning Number of Loans in Pool 925 421
Ending Number of Loans in Pool 907 414
Weighted Average Remaining Term to Maturity 352 334
Weighted Average Net Contract Rate 7.938911% 7.963769%
Current Realized Losses on the Pool 0.00 0.00
Cumulative Realized Losses on the Pool 0.00 0.00
Beginning Balance of Premium Loans 283,528,433.87 96,674,108.61
Stripped Interest Rate 0.458468% 0.595608%
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Group I
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group II
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group I Book Value of REO Properties NA
Group II Book Value of REO Properties NA
Servicing Information: Group I Group II
Services Fees Accrued during the current due period 60,916.75 23,491.71
Plus: Additional servicing compensation 0.00 0.00
Less: Amts. To cover prepayment Int. Shortfall (166.76) (7,793.44)
Delinquent Services Fees (1,198.85) 1398.54
Servicing Fees Collected for the Current Due Period 59,551.14 17,096.81
Advanced Principal 4,140.33 5,327.57
Advanced Interest 36,784.17 43,266.92
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 27, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: February 25, 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
IA-1 782,456.86 0.00 0.00 0.00 0.00
IA-2 0.00 0.00 0.00 0.00 0.00
IA-3 384,047.12 0.00 0.00 0.00 0.00
IA-4 18,731.74 0.00 0.00 0.00 0.00
IA-5 3,274.53 0.00 0.00 0.00 0.00
IA-6 17,027.55 0.00 0.00 0.00 0.00
IA-7 4,909,484.78 0.00 0.00 0.00 0.00
IA-8 0.00 0.00 0.00 0.00 0.00
IIA-1 2,507,590.08 0.00 0.00 0.00 0.00
IIA-2 0.00 0.00 0.00 0.00 0.00
IIA-3 0.00 0.00 0.00 0.00 0.00
IIA-4 0.00 0.00 0.00 0.00 0.00
IIA-5 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 8,623,416.73 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
GROUP I PERCENTAGE 95.56%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 95.41%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 13,655.26
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: January 27, 1998 Irvine, CA 92614
Distribution Date: February 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
R 50.00 0.00 0.00 0.00
S 59,844,806.00 59,844,806.00 369,042.97 0.00
T 169,464,304.24 150,424,173.91 625,320.86 19,586,848.13
U 4,744,326.00 4,350,389.35 0.00 398,990.72
V 961,465.76 925,086.61 1,049.66 1,049.66
W 173,839,660.00 162,603,112.29 938,178.47 6,729,163.81
X 18,147,601.00 18,084,181.61 13,176.75 122,435.35
Y 0.00 0.00 105,335.81 0.00
Z 0.00 0.00 47,198.74 0.00
R-I 50.00 0.00 0.00 0.00
Totals 427,002,263.00 396,231,749.77 2,194,335.45 26,729,229.07
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
R 0.00 0.00 0.00 0.00
S 369,042.97 0.00 0.00 59,844,806.00
T 20,212,168.99 0.00 302,294.88 131,139,620.66
U 398,990.72 0.00 0.00 3,951,398.63
V 1,049.66 0.00 0.00 924,036.95
W 7,667,342.28 0.00 44,215.34 155,918,163.82
X 122,435.35 0.00 0.00 18,071,004.86
Y 105,335.81 0.00 0.00 0.00
Z 47,198.74 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 28,923,564.52 0.00 346,510.22 369,849,030.92
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
R 0.000000 0.000000 0.000000 0.000000
S 1,000.000000 6.166667 115.580967 119.270953
T 916.966783 0.000000 84.098504 84.098504
U 916.966783 0.000000 84.098504 84.098504
V 962.162823 0.000000 1.091729 1.091729
W 935.362577 5.396803 38.709025 44.105829
X 996.505357 6.020553 0.726088 6.746641
Y 0.00000000 0.354802 0.000000 0.354802
Z 0.00000000 0.449373 0.000000 0.000000
R-I 055240BU8 0.00000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
R 0.000000 7.250000% 7.250000%
S 1,000.000000 7.400000% 7.400000%
T 773.84804600 7.400000% 7.400000%
U 832.00000000 0.000000% 0.000000%
V 961.07109400 0.000000% 0.000000%
W 896.00000000 7.250000% 7.250000%
X 995.77926900 7.250000% 7.250000%
Y 0.0000000000 0.455928% NA
Z 0.0000000000 0.0597334% NA
R-I 0.0000000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
IA-1 81,564,177.00 81,713,351.40 234,113.19 2,377,574.97
IA-2 59,844,806.00 59,844,806.00 349,094.70 0.00
IA-3 85,233,602.00 82,441,242.83 508,387.66 4,984,242.32
IA-4 8,219,304.00 0.00 0.00 0.00
IA-5 5,000,000.00 4,982,525.43 30,102.76 3,425.57
IA-6 26,000,000.00 25,909,132.27 156,534.34 17,812.94
IA-7 27,666,398.00 18,962,140.39 116,933.20 12,643,921.00
IA-8 0.00 0.00 19,948.27 0.00
IIA-1 83,225,000.00 71,975,969.37 434,854.81 6,689,075.52
IIA-2 2,167,000.00 2,233,257.25 0.00 0.00
IIA-3 4,934,275.00 5,085,143.22 0.00 0.00
IIA-4 12,356,079.00 12,356,079.00 74,651.31 0.00
IIA-5 12,643,921.00 12,643,921.00 76,390.36 0.00
I-X 0.00 0.00 36,867.51 0.00
II-X 0.00 0.00 47,198.74 0.00
Totals 408,854,562.00 378,147,568.16 2,085,076.85 26,716,052.32
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
IA-1 2,611,688.16 0.00 302,294.88 79,638,071.31
IA-2 349,094.70 0.00 0.00 59,844,806.00
IA-3 5,492,629.98 0.00 0.00 77,457,000.51
IA-4 0.00 0.00 0.00 0.00
IA-5 33,528.33 0.00 0.00 4,979,099.86
IA-6 174,347.28 0.00 0.00 25,891,319.33
IA-7 12,760,854.20 0.00 0.00 6,318,219.39
IA-8 19,948.27 0.00 0.00 0.00
IIA-1 7,123,930.33 0.00 0.00 65,286,893.85
IIA-2 0.00 0.00 13,492.60 2,246,749.85
IIA-3 0.00 0.00 30,722.74 5,115,865.96
IIA-4 74,651.31 0.00 0.00 12,356,079.00
IIA-5 76,390.36 0.00 0.00 12,643,921.00
I-X 36,867.51 0.00 0.00 0.00
II-X 47,198.74 0.00 0.00 0.00
Totals 28,801,129.17 0.00 346,510.22 351,778,026.06
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
IA-1 055240AZ8 1,001.828921 2.870294 29.149745 32.020039
IA-2 055240BA2 1,000.000000 5.833333 0.0000000 5.8333333
IA-3 055240BB0 967.238752 5.964639 58.477434 64.442073
IA-4 055240BC8 0.000000 0.000000 0.000000 0.0000000
IA-5 055240BD6 1,000.000000 7.209560 0.000000 6.705665
IA-6 055240BE4 996.505087 6.020552 0.685113 6.705665
IA-7 055240BF1 685.385224 4.226542 457.013631 461.240173
IA-8 055240BM6 0.000000 6.166667 0.000000 6.166667
IIA-1 055240BG9 864.835919 5.225050 80.373392 85.598442
IIA-2 055240BH7 1,030.575565 0.000000 0.000000 0.000000
IIA-3 055240BJ3 1,030.575560 0.000000 0.000000 0.000000
IIA-4 055240BK0 1,000.000000 6.041667 0.000000 6.041667
IIA-5 055240BL8 1,000.000000 6.041667 0.000000 6.041667
I-X 055240BP9 0.000000 5.491453 0.000000 5.491453
II-X 055240BQ7 0.000000 5.345009 0.000000 5.345009
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
IA-1 976.385397 7.877411% NA
IA-2 1,000.000000 7.000000% 7.000000%
IA-3 908.761318 7.400000% 7.400000%
IA-4 0.000000 7.400000% 7.400000%
IA-5 995.819972 7.250000% 7.250000%
IA-6 995.819974 7.250000% 7.250000%
IA-7 228.371593 7.400000% 7.400000%
IA-8 0.000000 7.400000% 7.400000%
IIA-1 784.462527 7.250000% 7.250000%
IIA-2 1,036.801961 7.250000% 7.250000%
IIA-3 1,036.801954 7.250000% 7.250000%
IIA-4 1,000.000000 7.250000% 7.250000%
IIA-5 1,000.000000 7.250000% 7.250000%
I-X 0.000000 7.250000% 7.250000%
II-X 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
DISTRIBUTIONS IN DOLLARS
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 7,472,539.00 7,446,425.15 44,988.82 5,425.72
B-1 4,910,526.00 4,893,365.46 29,564.08 3,565.47
B-2 2,135,011.00 2,127,549.90 12,853.95 1,550.21
B-3 1,494,507.00 1,489,284.24 8,997.76 1,085.14
B-4 1,067,505.00 1,063,774.45 6,426.97 775.10
B-5 1,067,513.00 1,063,782.41 6,427.02 775.11
R-II 50.00 0.00 0.00 0.00
Totals 18,147,651.00 18,084,181.61 109,258.60 13,176.75
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 50,414.54 0.00 0.00 7,440,999.43
B-1 33,129.55 0.00 0.00 4,889,799.99
B-2 14,404.16 0.00 0.00 2,125,999.69
B-3 10,082.90 0.00 0.00 1,448,199.10
B-4 7,202.07 0.00 0.00 1,062,999.35
B-5 7,202.13 0.00 0.00 1,063,007.30
R-II 0.00 0.00 0.00 0.00
Totals 122,435.35 0.00 0.00 18,071,004.86
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240BR5 996.505358 6.020553 0.726088 6.746641
B-1 055240BS3 996.505356 6.020553 0.726087 6.746640
B-2 055240BT1 996.505358 6.020554 0.726090 6.746644
B-3 055240BX2 996.505363 6.020554 0.726086 6.746640
B-4 055240BY0 996.505356 6.020554 0.726086 6.746638
B-5 055240BZ7 996.505345 6.020554 0.726090 6.746644
R-II 055240BV6 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 995.779270 7.250000% 7.250000%
B-1 995.779269 7.250000% 7.250000%
B-3 995.779268 7.250000% 7.250000%
B-4 995.779268 7.250000% 7.250000%
B-5 995.779268 7.250000% 7.250000%
B-6 995.779270 7.250000% 7.250000%
B-7 995.779255 7.250000% 7.250000%
R-II 0.000000 7.250000% 7.250000%
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS GROUP I GROUP II
MORTGAGE POOL INFORMATION:
Beginning Number of Pool 286,106,324.32 110,125,425.45
Less: Scheduled Principal (196,732.20) (91,776.56)
Principal Prepayments (19,536,127.95)(6,558,082.14)
Repurchases 0.00 0.00
Liquidations 0.00 0.00
Other Unscheduled Principal 0.00 (4,406,783.49)
Ending Balance of Pool 266,373,464.17 103,475,566.75
Beginning Number of Loans in Pool 907 414
Ending Number of Loans in Pool 844 391
Weighted Average Remaining Term to Maturity 350 334
Weighted Average Net Contract Rate 7.936040% 7.968383%
Current Realized Losses on the Pool 0.00 0.00
Cumulative Realized Losses on the Pool 0.00 0.00
Beginning Balance of Premium Loans 277,243,082.12 94,818,856.73
Stripped Interest Rate 0.455928% 0.597334%
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Group I
Principal Balance 259,618.41 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0072% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 1 0 0 0 0 0
% of Loans 0.0810% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group II
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Group Balance0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Group I Book Value of REO Properties NA
Group II Book Value of REO Properties NA
Servicing Information: Group I Group II
Services Fees Accrued during the current due period 59,605.48 22,942.79
Plus: Additional servicing compensation 0.00 0.00
Less: Amts. To cover prepayment Int. Shortfall (13,033.53) (1,561.20)
Delinquent Services Fees (1,292.86) (921.62)
Servicing Fees Collected for the Current Due Period 45,279.09 22,303.21
Advanced Principal 4,418.93 3,533.40
Advanced Interest 40,232.20 28,406.04
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777
BA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
Series 1997-2
STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: March 25, 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
IA-1 2,319,456.86 0.00 0.00 0.00 0.00
IA-2 0.00 0.00 0.00 0.00 0.00
IA-3 4,862,047.12 0.00 0.00 0.00 0.00
IA-4 0.00 0.00 0.00 0.00 0.00
IA-5 3,341.59 0.00 0.00 0.00 0.00
IA-6 17,376.23 0.00 0.00 0.00 0.00
IA-7 12,333,938.78 0.00 0.00 0.00 0.00
IA-8 0.00 0.00 0.00 0.00 0.00
IIA-1 6,558,049.51 0.00 0.00 0.00 0.00
IIA-2 0.00 0.00 0.00 0.00 0.00
IIA-3 0.00 0.00 0.00 0.00 0.00
IIA-4 0.00 0.00 0.00 0.00 0.00
IIA-5 0.00 0.00 0.00 0.00 0.00
I-X 0.00 0.00 0.00 0.00 0.00
II-X 0.00 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 26,094,210.09 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
GROUP I PERCENTAGE 95.47%
GROUP I PREPAYMENT PERCENTAGE 100.00%
GROUP II PERCENTAGE 95.31%
GROUP II PREPAYMENT PERCENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 13,176.75
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 8,540,045.27
SPECIAL HAZARD AMOUNT 4,270,023.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GROUP I EXTRAORDINARY LOSSES 0.00
GROUP II EXTRAORDINARY LOSSES 0.00
Seller: Bank of America Administrator: Kelly Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin, & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92614
Distribution Date: March 25, 1998 Factor Information (800)735-7777