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 2000-7)
(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 May 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 May 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: 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
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 57,943,278.87 7.125000% 467,272.53 344,038.22 811,310.75 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 6,809,000.00 8.000000% 2,688,000.00 45,393.33 2,733,393.33 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 1,648,801.45 7.500000% 1,648,801.45 10,305.01 1,659,106.46 0.00 0.00
A10 6,288,000.00 7.500000% 4,570,644.86 39,300.00 4,609,944.86 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 8,947,611.22 8.000000% 3,531,756.88 59,650.74 3,591,407.63 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 64,006,707.98 9.801875% 0.00 113,175.63 113,175.63 0.00 0.00
A20 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
A21 80,471,908.34 7.500000% 22,986,245.63 502,949.43 23,489,195.05 0.00 0.00
A22 8,180,413.16 7.750000% 0.00 52,831.84 52,831.84 0.00 0.00
A23 3,925,233.08 7.125000% 0.00 0.00 0.00 0.00 0.00
A24 892,914.89 7.750000% 65,100.13 5,766.74 70,866.87 0.00 0.00
A25 71,546,885.62 7.125000% 948,667.22 424,809.63 1,373,476.85 0.00 0.00
APO 1,712,904.64 0.000000% 13,265.34 0.00 13,265.34 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 12,858,704.06 7.750000% 8,780.58 83,045.80 91,826.38 0.00 0.00
B2 4,486,243.47 7.750000% 3,063.44 28,973.66 32,037.09 0.00 0.00
B3 2,692,144.77 7.750000% 1,838.33 17,386.77 19,225.10 0.00 0.00
B4 1,496,078.97 7.750000% 1,021.60 9,662.18 10,683.78 0.00 0.00
B5 1,197,062.52 7.750000% 817.42 7,731.03 8,548.44 0.00 0.00
B6 1,196,214.92 7.750000% 816.84 7,725.55 8,542.39 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 525,906,694.80 - 36,936,092.24 2,952,466.28 39,888,558.53 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 57,476,006.34 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 4,121,000.00 0.00
A7 8,200,000.00 0.00
A8 8,265,000.00 0.00
A9 0.00 0.00
A10 1,717,355.14 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 5,415,854.33 0.00
A17 3,735,000.00 0.00
A18 2,000,000.00 0.00
A19 64,416,353.81 0.00
A20 0.00 0.00
A21 57,485,662.72 0.00
A22 8,141,869.92 0.00
A23 3,948,539.15 0.00
A24 827,814.76 0.00
A25 70,598,218.40 0.00
APO 1,699,639.30 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,849,923.48 0.00
B2 4,483,180.03 0.00
B3 2,690,306.44 0.00
B4 1,495,057.37 0.00
B5 1,196,245.11 0.00
B6 1,195,398.08 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 489,403,554.46 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/01
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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 57,943,278.87 7.125000% 060506QC9 7.833177 5.767325 963.505714
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 6,809,000.00 8.000000% 060506QH8 222.148760 3.751515 340.578512
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 1,648,801.45 7.500000% 060506QL9 118.687118 0.741794 0.000000
A10 6,288,000.00 7.500000% 060506QM7 726.883724 6.250000 273.116276
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 8,947,611.22 8.000000% 060506QT2 222.123074 3.751619 340.619769
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 64,006,707.98 9.801875% 060506QW5 0.000000 1.825494 1,039.019534
A20 0.00 7.750000% 060506QX3 0.000000 0.000000 0.000000
A21 80,471,908.34 7.500000% 060506QY1 196.820269 4.306516 492.222341
A22 8,180,413.16 7.750000% 060506QZ8 0.000000 6.350679 978.697768
A23 3,925,233.08 7.125000% 060506RA2 0.000000 0.000000 1,036.158014
A24 892,914.89 7.750000% 060506RB0 63.512320 5.626090 807.624157
A25 71,546,885.62 7.125000% 060506RC8 12.645861 5.662769 941.083719
APO 1,712,904.64 0.000000% 060506RD6 7.591637 0.000000 972.688348
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 12,858,704.06 7.750000% 060506RG9 0.680613 6.437160 996.040887
B2 4,486,243.47 7.750000% 060506RH7 0.680613 6.437160 996.040887
B3 2,692,144.77 7.750000% 060506RJ3 0.680613 6.437160 996.040887
B4 1,496,078.97 7.750000% 060506RP9 0.680613 6.437160 996.040887
B5 1,197,062.52 7.750000% 060506RQ7 0.680613 6.437160 996.040887
B6 1,196,214.92 7.750000% 060506RR5 0.680612 6.437160 996.040954
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 525,906,694.80 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 489,404,055.20 489,404,055.20
Loan count 1275 1275
Avg loan rate 8.273001% 8.27
Prepay amount 36,143,569.10 36,143,569.10
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 130,289.01 130,289.01
Sub servicer fees 0.00 0.00
Trustee fees 1,533.90 1,533.90
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 95.453404% 100.000000% 501,980,246.08
-----------------------------------------------------------------------------
Junior 4.546596% 0.000000% 23,910,110.51
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 15 4,842,117.08
60 to 89 days 0 0.00
90 or more 1 349,290.75
Foreclosure 0 0.00
Totals: 16 5,191,407.83
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 39,888,558.53 39,888,558.53
Principal remittance amount 36,936,092.24 36,936,092.24
Interest remittance amount 2,952,466.28 2,952,466.28