Payment Date: 01/25/00


          ------------------------------------------------------------
                   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        154,712,624.43    6.500000%     1,110,698.07    837,947.94    1,948,646.01       0.00      78.78
                        A2        147,006,817.09    6.500000%       883,968.75    796,212.07    1,680,180.83       0.00      74.85
                        A3        118,430,514.22    6.500000%       829,440.02    641,438.31    1,470,878.33       0.00      60.30
                        A4         60,000,000.00    6.500000%             0.00    324,969.45      324,969.45       0.00      30.55
                        A5          3,282,000.00    6.750000%             0.00     18,459.51       18,459.51       0.00       1.74
                        A6          4,224,000.00    6.750000%             0.00     23,757.77       23,757.77       0.00       2.23
                        A7          1,431,000.00    6.750000%             0.00      8,048.62        8,048.62       0.00       0.76
                        A8          2,950,000.00    6.750000%             0.00     16,592.19       16,592.19       0.00       1.56
                        A9          3,113,000.00    6.750000%             0.00     17,508.98       17,508.98       0.00       1.65
                        A10         3,000,000.00    7.000000%             0.00     17,498.35       17,498.35       0.00       1.65
                        A11         2,000,000.00    7.000000%             0.00     11,665.57       11,665.57       0.00       1.10
                        A12         5,000,000.00    5.500000%             0.00     22,914.51       22,914.51       0.00       2.15
                        A13         3,325,000.00    7.000000%             0.00     19,394.01       19,394.01       0.00       1.82
                        A14         3,177,667.00    7.000000%             0.00     18,534.65       18,534.65       0.00       1.74
                        A15         5,000,000.00    6.250000%             0.00     26,039.22       26,039.22       0.00       2.45
                        A16         5,938,000.00    7.000000%             0.00     34,635.08       34,635.08       0.00       3.26
                        A17         3,160,000.00    7.000000%             0.00     18,431.60       18,431.60       0.00       1.73
                        A18         2,513,904.00    7.000000%             0.00     14,663.06       14,663.06       0.00       1.38
                        A19         1,393,429.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A20        15,399,048.14    6.500000%        61,299.81     83,403.67      144,703.48       0.00       7.84
                        A21        11,317,951.86    6.500000%             0.00          0.00            0.00       0.00       5.76
                        A22           100,000.00    6.500000%             0.00        541.62          541.62       0.00       0.05
                        APO           736,603.39    0.000000%           852.37          0.00          852.37       0.00       0.00
Residual                AR                  0.00    6.500000%             0.00          0.00            0.00       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate             B1         12,833,058.76    6.500000%        11,183.82     69,505.87       80,689.68       0.00       6.53
                        B2          4,476,509.69    6.500000%         3,901.21     24,245.48       28,146.69       0.00       2.28
                        B3          2,089,634.33    6.500000%         1,821.08     11,317.79       13,138.87       0.00       1.06
                        B4          2,089,634.33    6.500000%         1,821.08     11,317.79       13,138.87       0.00       1.06
                        B5          1,193,934.74    6.500000%         1,040.50      6,466.54        7,507.03       0.00       0.61
                        B6          1,194,201.54    6.500000%         1,040.73      6,467.98        7,508.71       0.00       0.61
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -        581,088,532.51     -            2,907,067.44  3,081,977.63    5,989,045.07     -          295.51
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information

- --------------------------------------------------------------------------------
                                             Ending Cert.          Unpaid
Type             Class Code     Name         Notional Bal.         Interest
- --------------------------------------------------------------------------------
Senior                          A1        153,601,926.36             78.78
                                A2        146,122,848.34             74.85
                                A3        117,601,074.20             60.30
                                A4         60,000,000.00             30.55
                                A5          3,282,000.00              1.74
                                A6          4,224,000.00              2.23
                                A7          1,431,000.00              0.76
                                A8          2,950,000.00              1.56
                                A9          3,113,000.00              1.65
                                A10         3,000,000.00              1.65
                                A11         2,000,000.00              1.10
                                A12         5,000,000.00              2.15
                                A13         3,325,000.00              1.82
                                A14         3,177,667.00              1.74
                                A15         5,000,000.00              2.45
                                A16         5,938,000.00              3.26
                                A17         3,160,000.00              1.73
                                A18         2,513,904.00              1.38
                                A19         1,393,429.00              0.00
                                A20        15,337,748.33              7.84
                                A21        11,379,251.67              5.76
                                A22           100,000.00              0.05
                                APO           735,751.02              0.00
Residual                        AR                  0.00              0.00
- --------------------------------------------------------------------------------
Subordinate                     B1         12,821,874.94              6.53
                                B2          4,472,608.48              2.28
                                B3          2,087,813.24              1.06
                                B4          2,087,813.24              1.06
                                B5          1,192,894.24              0.61
                                B6          1,193,160.81              0.61
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals            -              -        578,242,764.87            295.51
- --------------------------------------------------------------------------------



                             Payment Date: 01/25/00


          ------------------------------------------------------------
                   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    154,712,624.43     6.500000% 060506DQ2     6.845892      5.164771    946.739929
                           A2    147,006,817.09     6.500000% 060506DR0     5.777574      5.204000    955.051296
                           A3    118,430,514.22     6.500000% 060506DS8     6.686121      5.170638    947.982928
                           A4     60,000,000.00     6.500000% 060506DT6     0.000000      5.416157  1,000.000000
                           A5      3,282,000.00     6.750000% 060506DU3     0.000000      5.624471  1,000.000000
                           A6      4,224,000.00     6.750000% 060506DV1     0.000000      5.624471  1,000.000000
                           A7      1,431,000.00     6.750000% 060506DW9     0.000000      5.624471  1,000.000000
                           A8      2,950,000.00     6.750000% 060506DX7     0.000000      5.624471  1,000.000000
                           A9      3,113,000.00     6.750000% 060506DY5     0.000000      5.624471  1,000.000000
                           A10     3,000,000.00     7.000000% 060506DZ2     0.000000      5.832785  1,000.000000
                           A11     2,000,000.00     7.000000% 060506EA6     0.000000      5.832785  1,000.000000
                           A12     5,000,000.00     5.500000% 060506EB4     0.000000      4.582902  1,000.000000
                           A13     3,325,000.00     7.000000% 060506EC2     0.000000      5.832785  1,000.000000
                           A14     3,177,667.00     7.000000% 060506ED0     0.000000      5.832785  1,000.000000
                           A15     5,000,000.00     6.250000% 060506EE8     0.000000      5.207844  1,000.000000
                           A16     5,938,000.00     7.000000% 060506EF5     0.000000      5.832785  1,000.000000
                           A17     3,160,000.00     7.000000% 060506EG3     0.000000      5.832785  1,000.000000
                           A18     2,513,904.00     7.000000% 060506EH1     0.000000      5.832785  1,000.000000
                           A19     1,393,429.00     0.000000% 060506EJ7     0.000000      0.000000  1,000.000000
                           A20    15,399,048.14     6.500000% 060506EV0     3.875075      5.272373    969.577617
                           A21    11,317,951.86     6.500000% 060506EK4     0.000000      0.000000  1,044.159632
                           A22       100,000.00     6.500000% 060506EL2     0.000000      5.416157  1,000.000000
                           APO       736,603.39     0.000000% 060506EM0     1.147817      0.000000    990.775688
Residual                   AR              0.00     6.500000% 060506EN8     0.000000      0.000000      0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate                B1     12,833,058.76     6.500000% 060506EP3     0.866358      5.384295    993.250828
                           B2      4,476,509.69     6.500000% 060506EQ1     0.866358      5.384295    993.250828
                           B3      2,089,634.33     6.500000% 060506ER9     0.866358      5.384295    993.250828
                           B4      2,089,634.33     6.500000% 060506ES7     0.866358      5.384295    993.250828
                           B5      1,193,934.74     6.500000% 060506ET5     0.866358      5.384295    993.250828
                           B6      1,194,201.54     6.500000% 060506EU2     0.866358      5.384295    993.250828
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals       -             -     581,088,532.51       -            -           -             -           -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------





          ------------------------------------------------------------
                   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  578,242,764.22   578,242,764.22
Aggregated loan count                          1679             1679
Aggregated average loan rate              7.090448%             7.09
Aggregated prepayment amount           2,339,286.31     2,339,286.31

- --------------------------------------------------------------------------------
                                FEES AND ADVANCES
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Monthly master servicing fees            285,049.60       285,049.60
Monthly sub servicer fees                      0.00             0.00
Monthly trustee fees                       1,694.84         1,694.84


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                                 12,007,659.40    12,007,659.40
Special Hazard                                 0.00             0.00


                         Aggregate Certificate Information
   -----------------------------------------------------------------------------
   Class            Aggregate           Aggregate                     Aggregate
   Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
   Senior           95.894426%           100.000000%            557,211,559.13
   -----------------------------------------------------------------------------
   Junior            4.105574%             0.000000%             23,856,164.96
   -----------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                          DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance
- ------                             ----------    ---------------------
30 to 59 days                           3                 1,078,502.75
60 to 89 days                           0                         0.00
90 or more                              1                   315,216.22
Foreclosure                             0                         0.00

Totals:                                 4                 1,393,718.97
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                                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            5,989,045.07          5,989,045.07
Principal remittance amount            2,907,067.44          2,907,067.44
Interest remittance amount             3,081,977.63          3,081,977.63