Payment Date: 09/25/99


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12
                     Bank of America, FSB, Master Servicer
          ------------------------------------------------------------



Class Information                                Current Payment Information

- ----------------------------------------------------------------------------------------------------------------------------------
                                 Beginning       Pass Thru     Principal       Interest      Total           Principal  Interest
Type       Class Code   Name     Cert. Bal.      Rate          Dist. Amt.      Dist. Amt.    Dist.           Losses     Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                             
Senior                  A1                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A2                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A3                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A4                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A5                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A6                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        APO                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
Residual                AR                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate             B1                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        B2                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        B3                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        B4                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        B5                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        B6                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -                  0.00     -                    0.00          0.00            0.00     -          -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information

- --------------------------------------------------------------------------------
                                             Ending Cert.          Unpaid
Type             Class Code     Name         Notional Bal.         Interest
- --------------------------------------------------------------------------------
Senior                          A1        172,880,000.00              0.00
                                A2          3,092,000.00              0.00
                                A3          2,542,000.00              0.00
                                A4          2,043,000.00              0.00
                                A5         10,000,000.00              0.00
                                A6         22,500,000.00              0.00
                                APO         1,826,929.84              0.00
Residual                        AR                100.00              0.00
- --------------------------------------------------------------------------------
Subordinate                     B1          5,851,000.00              0.00
                                B2          1,688,000.00              0.00
                                B3          1,013,000.00              0.00
                                B4            676,000.00              0.00
                                B5            451,000.00              0.00
                                B6            450,708.29              0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals            -              -        225,013,738.13     -
- --------------------------------------------------------------------------------



                             Payment Date: 09/25/99


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12
                     Bank of America, FSB, Master Servicer
          ------------------------------------------------------------



Class Information                                Current Payment Information

                                                      Factors per $1,000

- ------------------------------------------------------------------------------------------------------------------------
                                   Beginning     Pass Thru    CUSIP       Principal     Interest    Ending Cert./
Type        Class Code    Name   Cert. Bal.(Face)  Rate       Numbers       Dist.         Dist.     Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
                                                                            
- ------------------------------------------------------------------------------------------------------------------------
Senior                     A1              0.00     0.000000% 060506KM3     0.000000      0.000000  1,000.000000
                           A2              0.00     0.000000% 060506KN1     0.000000      0.000000  1,000.000000
                           A3              0.00     0.000000% 060506KP6     0.000000      0.000000  1,000.000000
                           A4              0.00     0.000000% 060506KQ4     0.000000      0.000000  1,000.000000
                           A5              0.00     0.000000% 060506KR2     0.000000      0.000000  1,000.000000
                           A6              0.00     0.000000% 060506KS0     0.000000      0.000000  1,000.000000
                           APO             0.00     0.000000% 060506KT8     0.000000      0.000000  1,000.000000
Residual                   AR              0.00     0.000000% 060506KU5     0.000000      0.000000  1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate                B1              0.00     0.000000% 060506KV3     0.000000      0.000000  1,000.000000
                           B2              0.00     0.000000% 060506KW1     0.000000      0.000000  1,000.000000
                           B3              0.00     0.000000% 060506KX9     0.000000      0.000000  1,000.000000
                           B4              0.00     0.000000% 060506KY7     0.000000      0.000000  1,000.000000
                           B5              0.00     0.000000% 060506KZ4     0.000000      0.000000  1,000.000000
                           B6              0.00     0.000000% 060506LA8     0.000000      0.000000  1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals       -             -               0.00       -            -           -             -           -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------





          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12
                     Bank of America, FSB, Master Servicer
          ------------------------------------------------------------

- --------------------------------------------------------------------------------
                             COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Aggregated stated principal balance  225,013,738.13   225,013,738.13
Aggregated loan count                           610              610
Aggregated average loan rate              0.000000%             0.00
Aggregated prepayment amount                   0.00             0.00

- --------------------------------------------------------------------------------
                                FEES AND ADVANCES
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Monthly master servicing fees                  0.00             0.00
Monthly sub servicer fees                      0.00             0.00
Monthly trustee fees                           0.00             0.00


Aggregate advances                              N/A              N/A
Advances this periods                          0.00             0.00

- --------------------------------------------------------------------------------
                          LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------

                                                             Total
                                                             -----
Net realized losses (this period)              0.00             0.00
Cumulative losses (from Cut-Off)               0.00             0.00

Coverage Amounts                                             Total
- ----------------                                             -----
Bankruptcy                                     0.00             0.00
Fraud                                          0.00             0.00
Special Hazard                                 0.00             0.00


                         Aggregate Certificate Information
   -----------------------------------------------------------------------------
   Class            Aggregate           Aggregate                     Aggregate
   Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
   Senior            0.000000%           100.000000%                      0.00
   -----------------------------------------------------------------------------
   Junior          100.000000%             0.000000%             10,129,708.29
   -----------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                          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                    0.00                  0.00
Principal remittance amount                    0.00                  0.00
Interest remittance amount                     0.00                  0.00