SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 25, 2001
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7)
(Exact name of registrant as specified in charter)
North Carolina 333-80941 134147976
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
201 N. Tryon Street, NC1-02205-10, Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 704-388-5770
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
BAMS
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2000-7
On April 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2000-7, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of November 1, 2000, among BAMS as Depositor, BANK
OF AMERICA MORTGAGE SECURITIES, Seller and Master Servicer and The Bank of New
York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BAMS, MORTGAGE PASS-THROUGH
CERTIFICATES Series 2000-7 relating to the distribution date
of April 25, 2001 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of November 1, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: April 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated April 25, 2001
Payment Date: 04/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., 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 58,368,951.39 7.125000% 425,672.52 346,565.65 772,238.17 0.00 0.00
A2 21,960,000.00 7.125000% 0.00 130,387.50 130,387.50 0.00 0.00
A3 11,000,000.00 7.125000% 0.00 65,312.50 65,312.50 0.00 0.00
A4 113,007,000.00 7.125000% 0.00 670,979.06 670,979.06 0.00 0.00
A5 1,800,000.00 8.000000% 0.00 12,000.00 12,000.00 0.00 0.00
A6 8,930,000.00 8.000000% 2,121,000.00 59,533.33 2,180,533.33 0.00 0.00
A7 8,200,000.00 8.000000% 0.00 54,666.67 54,666.67 0.00 0.00
A8 8,265,000.00 8.000000% 0.00 55,100.00 55,100.00 0.00 0.00
A9 6,557,455.51 7.500000% 4,908,654.06 40,984.10 4,949,638.16 0.00 0.00
A10 6,288,000.00 7.500000% 0.00 39,300.00 39,300.00 0.00 0.00
A11 4,944,000.00 7.500000% 0.00 30,900.00 30,900.00 0.00 0.00
A12 2,360,000.00 7.500000% 0.00 14,750.00 14,750.00 0.00 0.00
A13 6,476,000.00 7.500000% 0.00 40,475.00 40,475.00 0.00 0.00
A14 9,662,000.00 7.500000% 0.00 60,387.50 60,387.50 0.00 0.00
A15 4,378,000.00 7.500000% 0.00 27,362.50 27,362.50 0.00 0.00
A16 11,735,025.39 8.000000% 2,787,414.17 78,233.50 2,865,647.67 0.00 0.00
A17 3,735,000.00 8.000000% 0.00 24,900.00 24,900.00 0.00 0.00
A18 2,000,000.00 7.500000% 0.00 12,500.00 12,500.00 0.00 0.00
A19 63,599,668.91 9.894803% 0.00 117,382.76 117,382.76 0.00 0.00
A20 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
A21 98,688,656.55 7.500000% 18,216,748.21 616,804.10 18,833,552.31 0.00 0.00
A22 8,215,368.77 7.750000% 0.00 53,057.59 53,057.59 0.00 0.00
A23 3,902,064.57 7.125000% 0.00 0.00 0.00 0.00 0.00
A24 944,578.78 7.750000% 51,663.89 6,100.40 57,764.30 0.00 0.00
A25 72,411,095.58 7.125000% 864,209.96 429,940.88 1,294,150.84 0.00 0.00
APO 1,741,536.14 0.000000% 28,631.50 0.00 28,631.50 0.00 0.00
Residual AR 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,867,372.62 7.750000% 8,668.55 83,101.78 91,770.33 0.00 0.00
B2 4,489,267.82 7.750000% 3,024.35 28,993.19 32,017.54 0.00 0.00
B3 2,693,959.65 7.750000% 1,814.88 17,398.49 19,213.37 0.00 0.00
B4 1,497,087.54 7.750000% 1,008.56 9,668.69 10,677.26 0.00 0.00
B5 1,197,869.51 7.750000% 806.99 7,736.24 8,543.23 0.00 0.00
B6 1,197,021.33 7.750000% 806.41 7,730.76 8,537.18 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 554,896,611.28 - 29,420,124.05 3,142,252.20 32,562,376.25 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 57,943,278.87 0.00
A2 21,960,000.00 0.00
A3 11,000,000.00 0.00
A4 113,007,000.00 0.00
A5 1,800,000.00 0.00
A6 6,809,000.00 0.00
A7 8,200,000.00 0.00
A8 8,265,000.00 0.00
A9 1,648,801.45 0.00
A10 6,288,000.00 0.00
A11 4,944,000.00 0.00
A12 2,360,000.00 0.00
A13 6,476,000.00 0.00
A14 9,662,000.00 0.00
A15 4,378,000.00 0.00
A16 8,947,611.22 0.00
A17 3,735,000.00 0.00
A18 2,000,000.00 0.00
A19 64,006,707.98 0.00
A20 0.00 0.00
A21 80,471,908.34 0.00
A22 8,180,413.16 0.00
A23 3,925,233.08 0.00
A24 892,914.89 0.00
A25 71,546,885.62 0.00
APO 1,712,904.64 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,858,704.06 0.00
B2 4,486,243.47 0.00
B3 2,692,144.77 0.00
B4 1,496,078.97 0.00
B5 1,197,062.52 0.00
B6 1,196,214.92 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 525,906,694.80 -
- --------------------------------------------------------------------------------
Payment Date: 04/25/01
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., 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 58,368,951.39 7.125000% 060506QC9 7.135811 5.809694 971.338891
A2 21,960,000.00 7.125000% 060506QD7 0.000000 5.937500 1,000.000000
A3 11,000,000.00 7.125000% 060506QE5 0.000000 5.937500 1,000.000000
A4 113,007,000.00 7.125000% 060506QF2 0.000000 5.937500 1,000.000000
A5 1,800,000.00 8.000000% 060506QG0 0.000000 6.666667 1,000.000000
A6 8,930,000.00 8.000000% 060506QH8 175.289256 4.920110 562.727273
A7 8,200,000.00 8.000000% 060506QJ4 0.000000 6.666667 1,000.000000
A8 8,265,000.00 8.000000% 060506QK1 0.000000 6.666667 1,000.000000
A9 6,557,455.51 7.500000% 060506QL9 353.343943 2.950194 118.687118
A10 6,288,000.00 7.500000% 060506QM7 0.000000 6.250000 1,000.000000
A11 4,944,000.00 7.500000% 060506QN5 0.000000 6.250000 1,000.000000
A12 2,360,000.00 7.500000% 060506QP0 0.000000 6.250000 1,000.000000
A13 6,476,000.00 7.500000% 060506QQ8 0.000000 6.250000 1,000.000000
A14 9,662,000.00 7.500000% 060506QR6 0.000000 6.250000 1,000.000000
A15 4,378,000.00 7.500000% 060506QS4 0.000000 6.250000 1,000.000000
A16 11,735,025.39 8.000000% 060506QT2 175.309067 4.920346 562.742844
A17 3,735,000.00 8.000000% 060506QU9 0.000000 6.666667 1,000.000000
A18 2,000,000.00 7.500000% 060506QV7 0.000000 6.250000 1,000.000000
A19 63,599,668.91 9.894803% 060506QW5 0.000000 1.893354 1,032.412050
A20 0.00 7.750000% 060506QX3 0.000000 0.000000 0.000000
A21 98,688,656.55 7.500000% 060506QY1 155.981335 5.281400 689.042610
A22 8,215,368.77 7.750000% 060506QZ8 0.000000 6.377816 983.330879
A23 3,902,064.57 7.125000% 060506RA2 0.000000 0.000000 1,030.042138
A24 944,578.78 7.750000% 060506RB0 50.403800 5.951614 871.136477
A25 72,411,095.58 7.125000% 060506RC8 11.520035 5.731170 953.729580
APO 1,741,536.14 0.000000% 060506RD6 16.385549 0.000000 980.279985
Residual AR 0.00 7.750000% 060506RE4 0.000000 0.000000 0.000000
ALR 0.00 7.750000% 060506RF1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,867,372.62 7.750000% 060506RG9 0.671929 6.441499 996.721499
B2 4,489,267.82 7.750000% 060506RH7 0.671929 6.441499 996.721499
B3 2,693,959.65 7.750000% 060506RJ3 0.671929 6.441499 996.721499
B4 1,497,087.54 7.750000% 060506RP9 0.671929 6.441499 996.721499
B5 1,197,869.51 7.750000% 060506RQ7 0.671929 6.441499 996.721499
B6 1,197,021.33 7.750000% 060506RR5 0.671929 6.441500 996.721566
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 554,896,611.28 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 525,906,884.96 525,906,884.96
Loan count 1365 1365
Avg loan rate 8.280799% 8.28
Prepay amount 28,616,178.06 28,616,178.06
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 168,845.51 168,845.51
Sub servicer fees 0.00 0.00
Trustee fees 1,618.45 1,618.45
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 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 95.688000% 100.000000% 530,954,032.82
-----------------------------------------------------------------------------
Junior 4.312000% 0.000000% 23,926,448.71
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 12 4,248,344.96
60 to 89 days 5 1,610,908.44
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 17 5,859,253.40
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 32,562,376.25 32,562,376.25
Principal remittance amount 29,420,124.05 29,420,124.05
Interest remittance amount 3,142,252.20 3,142,252.20