Payment Date: 03/25/00


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-1
                     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                  A-1       149,007,579.38    6.500000%     1,083,305.14    807,124.39    1,890,429.53       0.00       0.00
                        A-2        59,512,181.21    6.000000%       432,602.85    297,560.91      730,163.76       0.00       0.00
                        A-3        91,101,283.01    6.500000%       554,138.47    493,465.28    1,047,603.75       0.00       0.00
                        A-4                 0.00    6.250000%             0.00          0.00            0.00       0.00       0.00
                        A-5        24,491,909.44    6.250000%       151,014.58    127,562.03      278,576.60       0.00       0.00
                        A-6        17,780,156.33    6.377500%       108,150.71     94,494.12      202,644.83       0.00       0.00
                        A-7        17,780,156.33    2.122500%             0.00     31,448.65       31,448.65       0.00       0.00
                        A-8         7,068,000.00    6.500000%             0.00     38,285.00       38,285.00       0.00       0.00
                        A-9         3,556,666.00    6.400000%             0.00     18,968.89       18,968.89       0.00       0.00
                        A-10       17,755,000.00    6.500000%             0.00     96,172.92       96,172.92       0.00       0.00
                        A-11        4,843,000.00    6.500000%             0.00     26,232.92       26,232.92       0.00       0.00
                        A-12        2,183,000.00    6.500000%             0.00     11,824.58       11,824.58       0.00       0.00
                        A-13        1,136,000.00    6.500000%             0.00      6,153.33        6,153.33       0.00       0.00
                        A-14        1,578,000.00    6.500000%             0.00      8,547.50        8,547.50       0.00       0.00
                        A-15        1,868,444.00    6.500000%             0.00     10,120.74       10,120.74       0.00       0.00
                        A-16        2,000,000.00    6.500000%             0.00     10,833.33       10,833.33       0.00       0.00
                        A-17        1,000,000.00    7.000000%             0.00      5,833.33        5,833.33       0.00       0.00
                        A-18        1,625,000.00    6.877500%             0.00      9,313.28        9,313.28       0.00       0.00
                        A-19          375,000.00    4.864167%             0.00      1,520.05        1,520.05       0.00       0.00
                        A-20       45,687,589.54    6.400000%       268,541.24    243,667.14      512,208.39       0.00       0.00
                        A-21       23,695,024.90    7.000000%       129,212.28    138,220.98      267,433.26       0.00       0.00
                        A-22       11,608,445.00    6.000000%             0.00     58,042.22       58,042.22       0.00       0.00
                        A-23        3,200,334.00    6.250000%             0.00     16,668.41       16,668.41       0.00       0.00
                        A-24       60,000,000.00    6.500000%             0.00    325,000.00      325,000.00       0.00       0.00
                        A-PO        1,181,618.97    0.000000%         1,255.18          0.00        1,255.18       0.00       0.00
Residual                A-R                 0.00    6.500000%             0.00          0.00            0.00       0.00       0.00
                        A-LR                0.00    6.500000%             0.00          0.00            0.00       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate             B-1        12,766,659.85    6.500000%        11,798.09     69,152.74       80,950.83       0.00       0.00
                        B-2         4,453,486.45    6.500000%         4,115.61     24,123.05       28,238.66       0.00       0.00
                        B-3         2,078,294.34    6.500000%         1,920.62     11,257.43       13,178.05       0.00       0.00
                        B-4         2,078,294.34    6.500000%         1,920.62     11,257.43       13,178.05       0.00       0.00
                        B-5         1,187,597.05    6.500000%         1,097.50      6,432.82        7,530.31       0.00       0.00
                        B-6         1,187,703.54    6.500000%         1,097.60      6,433.39        7,530.99       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -        556,006,267.35     -            2,750,170.48  3,005,716.87    5,755,887.35     -          -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information

- --------------------------------------------------------------------------------
                                             Ending Cert.          Unpaid
Type             Class Code     Name         Notional Bal.         Interest
- --------------------------------------------------------------------------------
Senior                          A-1       147,924,274.24              0.00
                                A-2        59,079,578.36              0.00
                                A-3        90,547,144.54              0.00
                                A-4                 0.00              0.00
                                A-5        24,340,894.87              0.00
                                A-6        17,672,005.61              0.00
                                A-7        17,672,005.61              0.00
                                A-8         7,068,000.00              0.00
                                A-9         3,556,666.00              0.00
                                A-10       17,755,000.00              0.00
                                A-11        4,843,000.00              0.00
                                A-12        2,183,000.00              0.00
                                A-13        1,136,000.00              0.00
                                A-14        1,578,000.00              0.00
                                A-15        1,868,444.00              0.00
                                A-16        2,000,000.00              0.00
                                A-17        1,000,000.00              0.00
                                A-18        1,625,000.00              0.00
                                A-19          375,000.00              0.00
                                A-20       45,419,048.30              0.00
                                A-21       23,565,812.62              0.00
                                A-22       11,608,445.00              0.00
                                A-23        3,200,334.00              0.00
                                A-24       60,000,000.00              0.00
                                A-PO        1,180,363.78              0.00
Residual                        A-R                 0.00              0.00
                                A-LR                0.00              0.00
- --------------------------------------------------------------------------------
Subordinate                     B-1        12,754,861.76              0.00
                                B-2         4,449,370.84              0.00
                                B-3         2,076,373.72              0.00
                                B-4         2,076,373.72              0.00
                                B-5         1,186,499.55              0.00
                                B-6         1,186,605.94              0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals            -              -        553,256,096.87     -
- --------------------------------------------------------------------------------



                             Payment Date: 03/25/00


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-1
                     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                     A-1   149,007,579.38     6.500000% 060506AA0     6.510091      4.850391    888.946625
                           A-2    59,512,181.21     6.000000% 060506AB8     6.509300      4.477347    888.960119
                           A-3    91,101,283.01     6.500000% 060506AC6     5.541385      4.934653    905.471445
                           A-4             0.00     6.250000% 060506AD4     0.000000      0.000000      0.000000
                           A-5    24,491,909.44     6.250000% 060506AE2     6.040583      5.102481    973.635795
                           A-6    17,780,156.33     6.377500% 060506AF9     5.541385      4.841654    905.471445
                           A-7    17,780,156.33     2.122500% 060506AG7     0.000000      1.611354    905.471445
                           A-8     7,068,000.00     6.500000% 060506AH5     0.000000      5.416667  1,000.000000
                           A-9     3,556,666.00     6.400000% 060506AJ1     0.000000      5.333333  1,000.000000
                           A-10   17,755,000.00     6.500000% 060506AK8     0.000000      5.416667  1,000.000000
                           A-11    4,843,000.00     6.500000% 060506AL6     0.000000      5.416667  1,000.000000
                           A-12    2,183,000.00     6.500000% 060506AM4     0.000000      5.416667  1,000.000000
                           A-13    1,136,000.00     6.500000% 060506AN2     0.000000      5.416667  1,000.000000
                           A-14    1,578,000.00     6.500000% 060506AP7     0.000000      5.416667  1,000.000000
                           A-15    1,868,444.00     6.500000% 060506AQ5     0.000000      5.416667  1,000.000000
                           A-16    2,000,000.00     6.500000% 060506AR3     0.000000      5.416667  1,000.000000
                           A-17    1,000,000.00     7.000000% 060506AS1     0.000000      5.833333  1,000.000000
                           A-18    1,625,000.00     6.877500% 060506AT9     0.000000      5.731250  1,000.000000
                           A-19      375,000.00     4.864167% 060506AU6     0.000000      4.053472  1,000.000000
                           A-20   45,687,589.54     6.400000% 060506AV4     5.370825      4.873343    908.380966
                           A-21   23,695,024.90     7.000000% 060506AW2     5.014058      5.363639    914.466924
                           A-22   11,608,445.00     6.000000% 060506AX0     0.000000      5.000000  1,000.000000
                           A-23    3,200,334.00     6.250000% 060506AY8     0.000000      5.208333  1,000.000000
                           A-24   60,000,000.00     6.500000% 060506AZ5     0.000000      5.416667  1,000.000000
                           A-PO    1,181,618.97     0.000000% 060506BA9     1.031475      0.000000    969.991136
Residual                   A-R             0.00     6.500000% 060506BB7     0.000000      0.000000      0.000000
                           A-LR            0.00     6.500000% 060506BC5     0.000000      0.000000      0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate                B-1    12,766,659.85     6.500000% 060506BD3     0.914451      5.359922    988.609572
                           B-2     4,453,486.45     6.500000% 060506BE1     0.914451      5.359922    988.609572
                           B-3     2,078,294.34     6.500000% 060506BF8     0.914451      5.359922    988.609572
                           B-4     2,078,294.34     6.500000% 060506BG6     0.914451      5.359922    988.609572
                           B-5     1,187,597.05     6.500000% 060506BH4     0.914451      5.359922    988.609572
                           B-6     1,187,703.54     6.500000% 060506BJ0     0.914451      5.359922    988.609572
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals       -             -     556,006,267.35       -            -           -             -           -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------





          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-1
                     BANK OF AMERICA, FSB, MASTER SERVICER
          ------------------------------------------------------------

- --------------------------------------------------------------------------------
                             COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Aggregated stated principal balance  553,256,096.27   553,256,096.27
Aggregated loan count                          1671             1671
Aggregated average loan rate              7.068764%             7.07
Aggregated prepayment amount           2,236,228.97     2,236,228.97

- --------------------------------------------------------------------------------
                                FEES AND ADVANCES
- --------------------------------------------------------------------------------
                                                             Total
                                                             -----
Monthly master servicing fees            264,217.11       264,217.11
Monthly sub servicer fees                      0.00             0.00
Monthly trustee fees                       1,621.68         1,621.68


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                                  6,000,845.77     6,000,845.77
Special Hazard                         5,560,062.67     5,560,062.67


                         Aggregate Certificate Information
   -----------------------------------------------------------------------------
   Class            Aggregate           Aggregate                     Aggregate
   Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
   Senior           95.731879%           100.000000%            532,254,231.78
   -----------------------------------------------------------------------------
   Junior            4.268121%             0.000000%             23,730,085.54
   -----------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                          DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance
- ------                             ----------    ---------------------
30 to 59 days                           1                   282,479.08
60 to 89 days                           0                         0.00
90 or more                              1                   318,441.62
Foreclosure                             0                         0.00

Totals:                                 2                   600,920.70
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                                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            5,755,887.35          5,755,887.35
Principal remittance amount            2,750,170.48          2,750,170.48
Interest remittance amount             3,005,716.87          3,005,716.87