Payment Date: 05/25/99


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
                     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
                        A7                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A8                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A9                  0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A10                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A11                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A12                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A13                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A14                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A15                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A16                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A17                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A18                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A19                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A20                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A21                 0.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A22                 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        162,243,000.00              0.00
                                A2        153,000,000.00              0.00
                                A3        124,054,000.00              0.00
                                A4         60,000,000.00              0.00
                                A5          3,282,000.00              0.00
                                A6          4,224,000.00              0.00
                                A7          1,431,000.00              0.00
                                A8          2,950,000.00              0.00
                                A9          3,113,000.00              0.00
                                A10         3,000,000.00              0.00
                                A11         2,000,000.00              0.00
                                A12         5,000,000.00              0.00
                                A13         3,325,000.00              0.00
                                A14         3,177,667.00              0.00
                                A15         5,000,000.00              0.00
                                A16         5,938,000.00              0.00
                                A17         3,160,000.00              0.00
                                A18         2,513,904.00              0.00
                                A19         1,393,429.00              0.00
                                A20        15,819,000.00              0.00
                                A21        10,898,000.00              0.00
                                A22           100,000.00              0.00
                                APO           742,601.70              0.00
Residual                        AR                100.00              0.00
- --------------------------------------------------------------------------------
Subordinate                     B1         12,909,000.00              0.00
                                B2          4,503,000.00              0.00
                                B3          2,102,000.00              0.00
                                B4          2,102,000.00              0.00
                                B5          1,201,000.00              0.00
                                B6          1,201,268.38              0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals            -              -        600,382,970.08     -
- --------------------------------------------------------------------------------



                             Payment Date: 05/25/99


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
                     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% 060506DQ2     0.000000      0.000000  1,000.000000
                           A2              0.00     0.000000% 060506DR0     0.000000      0.000000  1,000.000000
                           A3              0.00     0.000000% 060506DS8     0.000000      0.000000  1,000.000000
                           A4              0.00     0.000000% 060506DT6     0.000000      0.000000  1,000.000000
                           A5              0.00     0.000000% 060506DU3     0.000000      0.000000  1,000.000000
                           A6              0.00     0.000000% 060506DV1     0.000000      0.000000  1,000.000000
                           A7              0.00     0.000000% 060506DW9     0.000000      0.000000  1,000.000000
                           A8              0.00     0.000000% 060506DX7     0.000000      0.000000  1,000.000000
                           A9              0.00     0.000000% 060506DY5     0.000000      0.000000  1,000.000000
                           A10             0.00     0.000000% 060506DZ2     0.000000      0.000000  1,000.000000
                           A11             0.00     0.000000% 060506EA6     0.000000      0.000000  1,000.000000
                           A12             0.00     0.000000% 060506EB4     0.000000      0.000000  1,000.000000
                           A13             0.00     0.000000% 060506EC2     0.000000      0.000000  1,000.000000
                           A14             0.00     0.000000% 060506ED0     0.000000      0.000000  1,000.000000
                           A15             0.00     0.000000% 060506EE8     0.000000      0.000000  1,000.000000
                           A16             0.00     0.000000% 060506EF5     0.000000      0.000000  1,000.000000
                           A17             0.00     0.000000% 060506EG3     0.000000      0.000000  1,000.000000
                           A18             0.00     0.000000% 060506EH1     0.000000      0.000000  1,000.000000
                           A19             0.00     0.000000% 060506EJ7     0.000000      0.000000  1,000.000000
                           A20             0.00     0.000000% 060506EV0     0.000000      0.000000  1,000.000000
                           A21             0.00     0.000000% 060506EK4     0.000000      0.000000  1,000.000000
                           A22             0.00     0.000000% 060506EL2     0.000000      0.000000  1,000.000000
                           APO             0.00     0.000000% 060506EM0     0.000000      0.000000  1,000.000943
Residual                   AR              0.00     0.000000% 060506EN8     0.000000      0.000000  1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate                B1              0.00     0.000000% 060506EP3     0.000000      0.000000  1,000.000000
                           B2              0.00     0.000000% 060506EQ1     0.000000      0.000000  1,000.000000
                           B3              0.00     0.000000% 060506ER9     0.000000      0.000000  1,000.000000
                           B4              0.00     0.000000% 060506ES7     0.000000      0.000000  1,000.000000
                           B5              0.00     0.000000% 060506ET5     0.000000      0.000000  1,000.000000
                           B6              0.00     0.000000% 060506EU2     0.000000      0.000000  1,000.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals       -             -               0.00       -            -           -             -           -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------





          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
                     Bank of America, FSB, Master Servicer
          ------------------------------------------------------------

- --------------------------------------------------------------------------------
                             COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Aggregated stated principal balance  600,382,970.08   600,382,970.08
Aggregated loan count                          1718             1718
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%             24,018,268.38
   -----------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                          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