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): June 25, 2001
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 91110-7137
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
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 2001-5
On June 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-5, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of April 1, 2001, 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 2001-5 relating to the distribution date
of June 25, 2001 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of April 1, 2001.
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: June 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 June 25, 2001
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
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 82,285,660.22 6.750000% 1,428,616.15 462,856.84 1,891,472.99 0.00 0.00
A2 491,003.79 6.750000% 8,268.52 2,761.90 11,030.41 0.00 0.00
A3 196,245,569.74 6.750000% 3,453,951.09 1,103,881.33 4,557,832.42 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 31,505.63 31,505.63 0.00 0.00
A5 1,000,000.00 6.750000% 0.00 5,625.00 5,625.00 0.00 0.00
A6 3,393,000.00 7.000000% 0.00 19,792.50 19,792.50 0.00 0.00
A7 2,447,000.00 7.000000% 0.00 14,274.17 14,274.17 0.00 0.00
A8 5,772,000.00 7.000000% 0.00 33,670.00 33,670.00 0.00 0.00
A9 4,796,000.00 7.000000% 0.00 27,976.67 27,976.67 0.00 0.00
A10 16,408,000.00 6.500000% 0.00 88,876.67 88,876.67 0.00 0.00
A11 49,148,337.09 7.000000% 782,772.67 286,698.63 1,069,471.30 0.00 0.00
A12 49,148,337.09 6.500000% 782,772.67 266,220.16 1,048,992.82 0.00 0.00
A13 6,640,141.88 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 1,910,687.50 6.750000% 0.00 0.00 0.00 0.00 0.00
A15 50,000,000.00 6.750000% 0.00 281,250.00 281,250.00 0.00 0.00
A16 221,747.06 6.750000% 2,989.81 1,247.33 4,237.14 0.00 0.00
APO 145,102.51 0.000000% 146.97 0.00 146.97 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,246,891.30 6.750000% 6,220.25 46,388.76 52,609.02 0.00 0.00
B2 3,749,222.85 6.750000% 2,827.87 21,089.38 23,917.25 0.00 0.00
B3 2,249,333.86 6.750000% 1,696.57 12,652.50 14,349.07 0.00 0.00
B4 1,250,074.04 6.750000% 942.87 7,031.67 7,974.54 0.00 0.00
B5 1,000,259.08 6.750000% 754.45 5,626.46 6,380.91 0.00 0.00
B6 1,000,424.14 6.750000% 754.57 5,627.39 6,381.96 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 493,149,792.14 - 6,472,714.47 2,725,053.02 9,197,767.49 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 80,857,044.07 0.00
A2 482,735.27 0.00
A3 192,791,618.64 0.00
A4 5,601,000.00 0.00
A5 1,000,000.00 0.00
A6 3,393,000.00 0.00
A7 2,447,000.00 0.00
A8 5,772,000.00 0.00
A9 4,796,000.00 0.00
A10 16,408,000.00 0.00
A11 48,365,564.43 0.00
A12 48,365,564.43 0.00
A13 6,677,492.67 0.00
A14 1,921,435.12 0.00
A15 50,000,000.00 0.00
A16 218,757.25 0.00
APO 144,955.54 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,240,671.05 0.00
B2 3,746,394.98 0.00
B3 2,247,637.29 0.00
B4 1,249,131.16 0.00
B5 999,504.63 0.00
B6 999,669.56 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 486,725,176.09 -
- --------------------------------------------------------------------------------
Payment Date: 06/25/01
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
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 82,285,660.22 6.750000% 060506XZ0 17.039995 5.520782 964.432353
A2 491,003.79 6.750000% 060506YA4 16.537032 5.523793 965.470546
A3 196,245,569.74 6.750000% 060506YB2 17.269755 5.519407 963.958093
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.625000 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 0.000000 5.625000 1,000.000000
A6 3,393,000.00 7.000000% 060506YE6 0.000000 5.833333 1,000.000000
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.833333 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.833333 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.833333 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 0.000000 5.416667 1,000.000000
A11 49,148,337.09 7.000000% 060506YK2 15.655453 5.733973 967.311289
A12 49,148,337.09 6.500000% 060506YL0 15.655453 5.324403 967.311289
A13 6,640,141.88 6.750000% 060506YM8 0.000000 0.000000 1,011.281641
A14 1,910,687.50 6.750000% 060506YN6 0.000000 0.000000 1,011.281641
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 221,747.06 6.750000% 060506YQ9 13.288052 5.543677 972.254442
APO 145,102.51 0.000000% 060506YR7 1.011992 0.000000 998.119314
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,246,891.30 6.750000% 060506YT3 0.753696 5.620836 998.506125
B2 3,749,222.85 6.750000% 060506YU0 0.753696 5.620836 998.506125
B3 2,249,333.86 6.750000% 060506YV8 0.753696 5.620836 998.506125
B4 1,250,074.04 6.750000% 060506YW6 0.753696 5.620836 998.506125
B5 1,000,259.08 6.750000% 060506YX4 0.753696 5.620836 998.506125
B6 1,000,424.14 6.750000% 060506YY2 0.753696 5.620836 998.506125
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 493,149,792.14 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 486,725,176.08 486,725,176.08
Loan count 1165 1165
Avg loan rate 7.579749% 7.58
Prepay amount 6,052,640.13 6,052,640.13
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 323,341.42 323,341.42
Sub servicer fees 0.00 0.00
Trustee fees 1,438.35 1,438.35
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 96.454733% 100.000000% 475,653,586.88
-----------------------------------------------------------------------------
Junior 3.545267% 0.000000% 17,483,008.67
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 20 8,564,845.24
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 20 8,564,845.24
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 9,197,767.49 9,197,767.49
Principal remittance amount 6,472,714.47 6,472,714.47
Interest remittance amount 2,725,053.02 2,725,053.02