Payment Date: 03/25/01


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-7
                     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        62,877,856.82    6.500000%       909,426.29    340,588.39    1,250,014.68       0.00       0.00
                        A-2        11,649,920.32    6.500000%       369,060.90     63,103.74      432,164.63       0.00       0.00
                        A-3        95,787,164.14    6.500000%     1,363,051.13    518,847.14    1,881,898.27       0.00       0.00
                        A-4        18,336,260.73    6.500000%       183,285.04     99,321.41      282,606.45       0.00       0.00
                        A-5         4,459,000.00    7.000000%             0.00     26,010.83       26,010.83       0.00       0.00
                        A-6         3,776,000.00    7.000000%             0.00     22,026.67       22,026.67       0.00       0.00
                        A-7         2,650,000.00    7.000000%             0.00     15,458.33       15,458.33       0.00       0.00
                        A-8         2,309,000.00    7.000000%             0.00     13,469.17       13,469.17       0.00       0.00
                        A-9         1,823,000.00    7.000000%             0.00     10,634.17       10,634.17       0.00       0.00
                        A-10        1,551,000.00    7.000000%             0.00      9,047.50        9,047.50       0.00       0.00
                        A-11        1,245,000.00    7.000000%             0.00      7,262.50        7,262.50       0.00       0.00
                        A-12          808,000.00    7.000000%             0.00      4,713.33        4,713.33       0.00       0.00
                        A-13        1,363,000.00    7.000000%             0.00      7,950.83        7,950.83       0.00       0.00
                        A-14          553,929.00    7.000000%             0.00      3,231.25        3,231.25       0.00       0.00
                        A-15        2,090,000.00    7.000000%             0.00     12,191.67       12,191.67       0.00       0.00
                        A-16        1,665,000.00    7.000000%             0.00      9,712.50        9,712.50       0.00       0.00
                        A-17        1,053,000.00    7.250000%             0.00      6,361.87        6,361.87       0.00       0.00
                        A-18        1,776,000.00    7.250000%             0.00     10,730.00       10,730.00       0.00       0.00
                        A-19       13,867,000.00    6.500000%             0.00     75,112.92       75,112.92       0.00       0.00
                        A-20      110,832,768.32    6.500000%     1,560,730.40    600,344.16    2,161,074.57       0.00       0.00
                        A-21       19,401,000.00    6.500000%             0.00    105,088.75      105,088.75       0.00       0.00
                        A-22        4,088,006.00    0.000000%             0.00          0.00            0.00       0.00       0.00
                        A-23       10,373,962.00    6.500000%             0.00     56,192.29       56,192.29       0.00       0.00
                        A-24       48,000,000.00    6.500000%             0.00    260,000.00      260,000.00       0.00       0.00
                        A25        16,405,103.00    7.250000%             0.00     99,114.16       99,114.16       0.00       0.00
                        A-PO          159,312.14    0.000000%           175.95          0.00          175.95       0.00       0.00
Residual                A-R                 0.00    6.500000%             0.00          0.00            0.00       0.00       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate             B-1        11,789,751.77    6.500000%        11,460.43     63,861.16       75,321.58       0.00       0.00
                        B-2         3,684,972.82    6.500000%         3,582.04     19,960.27       23,542.31       0.00       0.00
                        B-3         1,720,177.93    6.500000%         1,672.13      9,317.63       10,989.76       0.00       0.00
                        B-4         1,720,177.93    6.500000%         1,672.13      9,317.63       10,989.76       0.00       0.00
                        B-5           983,379.84    6.500000%           955.91      5,326.64        6,282.55       0.00       0.00
                        B-6           983,474.38    6.500000%           955.98      5,327.15        6,283.14  48,635.94       0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -        459,782,217.14     -            4,406,028.33  2,489,624.07    6,895,652.40  48,635.94     -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information

- --------------------------------------------------------------------------------
                                             Ending Cert.          Unpaid
Type             Class Code     Name         Notional Bal.         Interest
- --------------------------------------------------------------------------------
Senior                          A-1        61,968,430.53              0.00
                                A-2        11,280,859.42              0.00
                                A-3        94,424,113.01              0.00
                                A-4        18,152,975.69              0.00
                                A-5         4,459,000.00              0.00
                                A-6         3,776,000.00              0.00
                                A-7         2,650,000.00              0.00
                                A-8         2,309,000.00              0.00
                                A-9         1,823,000.00              0.00
                                A-10        1,551,000.00              0.00
                                A-11        1,245,000.00              0.00
                                A-12          808,000.00              0.00
                                A-13        1,363,000.00              0.00
                                A-14          553,929.00              0.00
                                A-15        2,090,000.00              0.00
                                A-16        1,665,000.00              0.00
                                A-17        1,053,000.00              0.00
                                A-18        1,776,000.00              0.00
                                A-19       13,867,000.00              0.00
                                A-20      109,272,037.92              0.00
                                A-21       19,401,000.00              0.00
                                A-22        4,088,006.00              0.00
                                A-23       10,373,962.00              0.00
                                A-24       48,000,000.00              0.00
                                A25        16,405,103.00              0.00
                                A-PO          159,136.18              0.00
Residual                        A-R                 0.00              0.00
- --------------------------------------------------------------------------------
Subordinate                     B-1        11,778,291.34              0.00
                                B-2         3,681,390.78              0.00
                                B-3         1,718,505.80              0.00
                                B-4         1,718,505.80              0.00
                                B-5           982,423.93              0.00
                                B-6           933,882.46              0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals            -              -        455,327,552.87     -
- --------------------------------------------------------------------------------



                             Payment Date: 03/25/01


          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-7
                     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    62,877,856.82     6.500000% 060506FM9    12.784872      4.788050    871.162899
                           A-2    11,649,920.32     6.500000% 060506FN7    24.604060      4.206916    752.057295
                           A-3    95,787,164.14     6.500000% 060506FP2    12.602174      4.797033    873.004003
                           A-4    18,336,260.73     6.500000% 060506FQ0     9.164252      4.966071    907.648784
                           A-5     4,459,000.00     7.000000% 060506FR8     0.000000      5.833333  1,000.000000
                           A-6     3,776,000.00     7.000000% 060506FS6     0.000000      5.833333  1,000.000000
                           A-7     2,650,000.00     7.000000% 060506FT4     0.000000      5.833333  1,000.000000
                           A-8     2,309,000.00     7.000000% 060506FU1     0.000000      5.833333  1,000.000000
                           A-9     1,823,000.00     7.000000% 060506FV9     0.000000      5.833333  1,000.000000
                           A-10    1,551,000.00     7.000000% 060506FW7     0.000000      5.833333  1,000.000000
                           A-11    1,245,000.00     7.000000% 060506FX5     0.000000      5.833333  1,000.000000
                           A-12      808,000.00     7.000000% 060506GS5     0.000000      5.833333  1,000.000000
                           A-13    1,363,000.00     7.000000% 060506FY3     0.000000      5.833333  1,000.000000
                           A-14      553,929.00     7.000000% 060506FZ0     0.000000      5.833333  1,000.000000
                           A-15    2,090,000.00     7.000000% 060506GA4     0.000000      5.833333  1,000.000000
                           A-16    1,665,000.00     7.000000% 060506GB2     0.000000      5.833333  1,000.000000
                           A-17    1,053,000.00     7.250000% 060506GC0     0.000000      6.041667  1,000.000000
                           A-18    1,776,000.00     7.250000% 060506GD8     0.000000      6.041667  1,000.000000
                           A-19   13,867,000.00     6.500000% 060506GE6     0.000000      5.416667  1,000.000000
                           A-20  110,832,768.32     6.500000% 060506GF3    12.485843      4.802753    874.176303
                           A-21   19,401,000.00     6.500000% 060506GG1     0.000000      5.416667  1,000.000000
                           A-22    4,088,006.00     0.000000% 060506GH9     0.000000      0.000000  1,000.000000
                           A-23   10,373,962.00     6.500000% 060506GJ5     0.000000      5.416667  1,000.000000
                           A-24   48,000,000.00     6.500000% 060506GK2     0.000000      5.416667  1,000.000000
                           A25    16,405,103.00     7.250000% 060506GL0     0.000000      6.041667  1,000.000000
                           A-PO      159,312.14     0.000000% 060506GM8     0.863643      0.000000    781.101659
Residual                   A-R             0.00     6.500000% 060506GN6     0.000000      0.000000      0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate                B-1    11,789,751.77     6.500000% 060506GP1     0.954956      5.321320    981.442491
                           B-2     3,684,972.82     6.500000% 060506GQ9     0.954956      5.321320    981.442491
                           B-3     1,720,177.93     6.500000% 060506GR7     0.954956      5.321320    981.442491
                           B-4     1,720,177.93     6.500000% 060506FJ6     0.954956      5.321320    981.442491
                           B-5       983,379.84     6.500000% 060506FK3     0.954956      5.321320    981.442491
                           B-6       983,474.38     6.500000% 060506FL1     0.954935      5.321320    932.859830
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals       -             -     459,782,217.14       -            -           -             -           -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------





          ------------------------------------------------------------
                   BANK OF AMERICA MORTGAGE SECURITIES, INC.
               Mortgage Pass-Through Certificates, Series 1999-7
                     BANK OF AMERICA, FSB, MASTER SERVICER
          ------------------------------------------------------------

- --------------------------------------------------------------------------------
                             COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
                                           Total
                                           -----
Prin balance       455,327,551.90   455,327,551.90
Loan count                   1333             1333
Avg loan rate           7.142455%             7.14
Prepay amount        3,656,947.14     3,656,947.14

- --------------------------------------------------------------------------------
                                FEES AND ADVANCES
- --------------------------------------------------------------------------------
                                           Total
                                           -----
Master serv fees       240,244.14       240,244.14
Sub servicer fees            0.00             0.00
Trustee fees             1,341.03         1,341.03


Agg advances                  N/A              N/A
Adv this period              0.00             0.00

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

                                           Total
                                           -----
Realized losses         48,635.94        48,635.94
Cumulative losses       48,635.94        48,635.94

Coverage Amounts                           Total
- ----------------                           -----
Bankruptcy                   0.00             0.00
Fraud                5,000,099.29     5,000,099.29
Special Hazard               0.00             0.00


                         Aggregate Certificate Information
   -----------------------------------------------------------------------------
   Class            Aggregate           Aggregate                     Aggregate
   Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
   Senior           95.472613%           100.000000%            438,900,282.46
   -----------------------------------------------------------------------------
   Junior            4.527387%             0.000000%             20,813,000.12
   -----------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                          DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance
- ------                             ----------    ---------------------
30 to 59 days                           1                   341,764.16
60 to 89 days                           2                   977,862.83
90 or more                              0                         0.00
Foreclosure                             0                         0.00

Totals:                                 3                 1,319,626.99
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                                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            6,895,652.40          6,895,652.40
Principal remittance amount            4,406,028.33          4,406,028.33
Interest remittance amount             2,489,624.07          2,489,624.07