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): May 25, 2001
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-2)
(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 St., 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 2000-2
On May 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2000-2, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 1, 2000, 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 2000-2 relating to the distribution date
of May 25, 2001 prepared by The Bank of New York, as Trustee
under the Pooling and Servicing Agreement dated as of March
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: May 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 May 25, 2001
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-2
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 23,069,663.45 7.500000% 4,388,234.96 144,113.78 4,532,348.74 0.00 71.62
A2 23,261,069.34 7.500000% 5,224,670.28 145,309.47 5,369,979.76 0.00 72.21
A3 57,015,971.51 7.500000% 4,136,701.36 356,172.83 4,492,874.19 0.00 177.00
A4 1,855,638.00 7.500000% 0.00 11,591.98 11,591.98 0.00 5.76
A5 3,500,000.00 7.875000% 0.00 22,957.34 22,957.34 0.00 11.41
A6 5,500,000.00 8.000000% 0.00 36,648.45 36,648.45 0.00 18.21
A7 2,250,001.00 8.125000% 0.00 15,226.82 15,226.82 0.00 7.57
A8 1,865,006.00 8.250000% 0.00 12,815.55 12,815.55 0.00 6.37
A9 1,164,997.00 8.500000% 0.00 8,247.96 8,247.96 0.00 4.10
A10 3,250,000.00 7.750000% 0.00 20,979.16 20,979.16 0.00 10.43
A11 8,500,000.00 7.500000% 0.00 53,098.61 53,098.61 0.00 26.39
A12 108,334.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A13 1,071,001.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A14 10,000,000.00 7.500000% 0.00 62,468.96 62,468.96 0.00 31.04
A15 22,250,000.00 7.500000% 0.00 138,993.43 138,993.43 0.00 69.07
A16 22,500,000.00 7.500000% 0.00 140,555.15 140,555.15 0.00 69.85
APO 349,939.56 0.000000% 963.13 0.00 963.13 0.00 0.00
Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,358,121.43 7.500000% 4,326.00 33,471.63 37,797.62 0.00 16.63
B2 1,675,093.98 7.500000% 1,352.42 10,464.14 11,816.56 0.00 5.20
B3 893,515.54 7.500000% 721.40 5,581.70 6,303.10 0.00 2.77
B4 670,631.95 7.500000% 541.45 4,189.37 4,730.82 0.00 2.08
B5 446,757.77 7.500000% 360.70 2,790.85 3,151.55 0.00 1.39
B6 447,096.85 7.500000% 360.97 2,792.97 3,153.94 0.00 1.39
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- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 197,002,838.37 - 13,758,232.68 1,228,470.14 14,986,702.82 - 610.47
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 18,681,428.49 71.62
A2 18,036,399.05 72.21
A3 52,879,270.15 177.00
A4 1,855,638.00 5.76
A5 3,500,000.00 11.41
A6 5,500,000.00 18.21
A7 2,250,001.00 7.57
A8 1,865,006.00 6.37
A9 1,164,997.00 4.10
A10 3,250,000.00 10.43
A11 8,500,000.00 26.39
A12 108,334.00 0.00
A13 1,071,001.00 0.00
A14 10,000,000.00 31.04
A15 22,250,000.00 69.07
A16 22,500,000.00 69.85
APO 348,976.43 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 5,353,795.43 16.63
B2 1,673,741.56 5.20
B3 892,794.14 2.77
B4 670,090.50 2.08
B5 446,397.07 1.39
B6 446,735.87 1.39
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 183,244,605.69 610.47
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Payment Date: 05/25/01
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-2
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 23,069,663.45 7.500000% 060506LT7 136.750458 4.491014 582.168897
A2 23,261,069.34 7.500000% 060506LU4 153.666773 4.273808 530.482325
A3 57,015,971.51 7.500000% 060506LV2 63.137758 5.436204 807.087162
A4 1,855,638.00 7.500000% 060506LW0 0.000000 6.246896 1,000.000000
A5 3,500,000.00 7.875000% 060506LX8 0.000000 6.559240 1,000.000000
A6 5,500,000.00 8.000000% 060506LY6 0.000000 6.663355 1,000.000000
A7 2,250,001.00 8.125000% 060506LZ3 0.000000 6.767470 1,000.000000
A8 1,865,006.00 8.250000% 060506MA7 0.000000 6.871585 1,000.000000
A9 1,164,997.00 8.500000% 060506MB5 0.000000 7.079815 1,000.000000
A10 3,250,000.00 7.750000% 060506MC3 0.000000 6.455126 1,000.000000
A11 8,500,000.00 7.500000% 060506MD1 0.000000 6.246896 1,000.000000
A12 108,334.00 0.000000% 060506ME9 0.000000 0.000000 1,000.000000
A13 1,071,001.00 0.000000% 060506MF6 0.000000 0.000000 1,000.000000
A14 10,000,000.00 7.500000% 060506MG4 0.000000 6.246896 1,000.000000
A15 22,250,000.00 7.500000% 060506MH2 0.000000 6.246896 1,000.000000
A16 22,500,000.00 7.500000% 060506MJ8 0.000000 6.246896 1,000.000000
APO 349,939.56 0.000000% 060506MK5 2.706273 0.000000 980.576363
Residual AR 0.00 7.500000% 060506ML3 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,358,121.43 7.500000% 060506MM1 0.799778 6.188136 989.793942
B2 1,675,093.98 7.500000% 060506MN9 0.799778 6.188136 989.793942
B3 893,515.54 7.500000% 060506MP4 0.799778 6.188136 989.793942
B4 670,631.95 7.500000% 060506MQ2 0.799778 6.188136 989.793942
B5 446,757.77 7.500000% 060506MR0 0.799778 6.188136 989.793942
B6 447,096.85 7.500000% 060506MS8 0.799778 6.188136 989.793942
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 197,002,838.37 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-2
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 183,244,605.35 183,244,605.35
Loan count 516 516
Avg loan rate 8.143983% 8.14
Prepay amount 13,599,153.21 13,599,153.21
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 66,128.12 66,128.12
Sub servicer fees 0.00 0.00
Trustee fees 738.76 738.76
Agg advances N/A N/A
Adv this period 0.00 0.00
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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 95.185895% 100.000000% 187,511,620.86
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Junior 4.814105% 0.000000% 9,483,554.57
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,352,848.99
60 to 89 days 0 0.00
90 or more 2 1,151,148.60
Foreclosure 1 292,018.03
Totals: 9 3,796,015.62
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- --------------------------------------------------------------------------------
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 14,986,702.82 14,986,702.82
Principal remittance amount 13,758,232.68 13,758,232.68
Interest remittance amount 1,228,470.14 1,228,470.14