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 1999-9)
(Exact name of registrant as specified in charter)
North Carolina 33-63714 13-4078651
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon., 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 1999-9
On April 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-9, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 1999, among BAMS as Depositor, BANK
OF AMERICA MORTGAGE SECURITIES, INC., 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 1999-9 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 August 1, 1999.
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, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
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 16,843,092.09 7.000000% 489,377.66 98,251.37 587,629.03 0.00 0.00
A2 42,643,615.07 7.000000% 1,140,372.34 248,754.42 1,389,126.77 0.00 0.00
A3 111,137,426.27 7.000000% 2,902,491.63 648,301.65 3,550,793.28 0.00 0.00
A4 21,191,020.14 7.000000% 130,299.05 123,614.28 253,913.33 0.00 0.00
A5 39,333,000.00 7.000000% 0.00 229,442.50 229,442.50 0.00 0.00
A6 22,336,979.86 7.000000% 0.00 0.00 0.00 0.00 0.00
A7 14,647,000.00 7.000000% 0.00 85,440.83 85,440.83 0.00 0.00
A8 40,000,000.00 7.000000% 0.00 233,333.33 233,333.33 0.00 0.00
A9 39,000,000.00 7.000000% 0.00 227,500.00 227,500.00 0.00 0.00
A10 1,000,000.00 7.000000% 0.00 5,833.33 5,833.33 0.00 0.00
APO 4,682,550.75 0.000000% 50,916.58 0.00 50,916.58 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,436,591.88 7.000000% 9,890.78 60,880.12 70,770.90 0.00 0.00
B2 2,954,197.89 7.000000% 2,799.70 17,232.82 20,032.52 0.00 0.00
B3 1,575,965.71 7.000000% 1,493.55 9,193.13 10,686.68 0.00 0.00
B4 1,182,466.16 7.000000% 1,120.63 6,897.72 8,018.34 0.00 0.00
B5 787,982.85 7.000000% 746.77 4,596.57 5,343.34 0.00 0.00
B6 788,368.57 7.000000% 747.14 4,598.82 5,345.96 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 370,540,257.23 - 4,730,255.83 2,003,870.91 6,734,126.74 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 16,353,714.42 0.00
A2 41,503,242.72 0.00
A3 108,234,934.64 0.00
A4 21,060,721.09 0.00
A5 39,333,000.00 0.00
A6 22,467,278.91 0.00
A7 14,647,000.00 0.00
A8 40,000,000.00 0.00
A9 39,000,000.00 0.00
A10 1,000,000.00 0.00
APO 4,631,634.17 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,426,701.10 0.00
B2 2,951,398.19 0.00
B3 1,574,472.16 0.00
B4 1,181,345.53 0.00
B5 787,236.08 0.00
B6 787,621.43 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 365,940,300.45 -
- --------------------------------------------------------------------------------
Payment Date: 04/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
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 16,843,092.09 7.000000% 060506HP0 24.468883 4.912569 817.685721
A2 42,643,615.07 7.000000% 060506HQ8 22.807447 4.975088 830.064854
A3 111,137,426.27 7.000000% 060506HR6 22.350757 4.992274 833.467590
A4 21,191,020.14 7.000000% 060506HS4 5.538042 5.253922 895.134354
A5 39,333,000.00 7.000000% 060506HT2 0.000000 5.833333 1,000.000000
A6 22,336,979.86 7.000000% 060506HU9 0.000000 0.000000 1,123.363945
A7 14,647,000.00 7.000000% 060506HV7 0.000000 5.833333 1,000.000000
A8 40,000,000.00 7.000000% 060506HW5 0.000000 5.833333 1,000.000000
A9 39,000,000.00 7.000000% 060506HX3 0.000000 5.833333 1,000.000000
A10 1,000,000.00 7.000000% 060506HY1 0.000000 5.833333 1,000.000000
APO 4,682,550.75 0.000000% 060506HZ8 10.288800 0.000000 935.922208
Residual AR 0.00 7.000000% 060506JA1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,436,591.88 7.000000% 060506JB9 0.932301 5.738535 982.816580
B2 2,954,197.89 7.000000% 060506JC7 0.932301 5.738535 982.816580
B3 1,575,965.71 7.000000% 060506JR4 0.932301 5.738535 982.816580
B4 1,182,466.16 7.000000% 060506JD5 0.932301 5.738535 982.816580
B5 787,982.85 7.000000% 060506JE3 0.932301 5.738535 982.816580
B6 788,368.57 7.000000% 060506JF0 0.932301 5.738535 982.816580
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 370,540,257.23 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 365,940,290.42 365,940,290.42
Loan count 1068 1068
Avg loan rate 7.264121% 7.26
Prepay amount 4,248,662.54 4,248,662.54
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 98,767.95 98,767.95
Sub servicer fees 0.00 0.00
Trustee fees 1,235.13 1,235.13
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 4,003,362.30 4,003,362.30
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.220606% 100.000000% 352,814,684.17
-----------------------------------------------------------------------------
Junior 4.779394% 0.000000% 17,708,774.50
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,412,104.23
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 6 2,412,104.23
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 6,734,126.74 6,734,126.74
Principal remittance amount 4,730,255.83 4,730,255.83
Interest remittance amount 2,003,870.91 2,003,870.91