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): July 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 July 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 July 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: July 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 07/25/01
------------------------------------------------------------
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 56,967,311.18 7.125000% 549,913.64 337,020.43 886,934.07 0.00 1,222.98
A2 21,960,000.00 7.125000% 0.00 129,916.06 129,916.06 0.00 471.44
A3 11,000,000.00 7.125000% 0.00 65,076.35 65,076.35 0.00 236.15
A4 113,007,000.00 7.125000% 0.00 668,553.02 668,553.02 0.00 2,426.04
A5 1,800,000.00 8.000000% 429,949.03 11,956.61 441,905.64 0.00 43.39
A6 1,459,000.00 8.000000% 1,459,000.00 9,691.50 1,468,691.50 0.00 35.17
A7 8,200,000.00 8.000000% 1,959,000.00 54,469.01 2,013,469.01 0.00 197.66
A8 8,265,000.00 8.000000% 0.00 54,900.78 54,900.78 0.00 199.22
A9 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A10 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A11 500,951.73 7.500000% 500,951.73 3,119.63 504,071.36 0.00 11.32
A12 2,360,000.00 7.500000% 2,360,000.00 14,696.67 2,374,696.67 0.00 53.33
A13 6,476,000.00 7.500000% 904,604.48 40,328.66 944,933.13 0.00 146.34
A14 9,662,000.00 7.500000% 0.00 60,169.16 60,169.16 0.00 218.34
A15 4,378,000.00 7.500000% 0.00 27,263.57 27,263.57 0.00 98.93
A16 1,917,625.38 8.000000% 1,917,625.38 12,737.95 1,930,363.33 0.00 46.22
A17 3,735,000.00 8.000000% 0.00 24,809.97 24,809.97 0.00 90.03
A18 2,000,000.00 7.500000% 2,000,000.00 12,454.80 2,012,454.80 0.00 45.20
A19 64,828,062.83 9.580994% 0.00 102,320.44 102,320.44 0.00 1,871.46
A20 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
A21 34,712,277.88 7.500000% 21,338,929.38 216,167.31 21,555,096.69 0.00 784.43
A22 8,099,751.88 7.750000% 0.00 52,121.76 52,121.76 0.00 189.14
A23 3,971,951.74 7.125000% 0.00 0.00 0.00 0.00 85.27
A24 763,085.83 7.750000% 60,972.15 4,910.44 65,882.59 0.00 17.82
A25 69,565,454.03 7.125000% 1,116,447.08 411,551.45 1,527,998.53 0.00 1,493.43
APO 1,686,079.26 0.000000% 18,433.22 0.00 18,433.22 0.00 0.00
Residual AR 0.00 7.750000% 0.00 2.12 2.12 0.00 0.00
ALR 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,841,010.19 7.750000% 8,964.71 82,631.67 91,596.38 0.00 299.85
B2 4,480,070.29 7.750000% 3,127.68 28,829.17 31,956.85 0.00 104.62
B3 2,688,440.32 7.750000% 1,876.88 17,300.07 19,176.95 0.00 62.78
B4 1,494,020.33 7.750000% 1,043.02 9,613.99 10,657.02 0.00 34.89
B5 1,195,415.34 7.750000% 834.56 7,692.48 8,527.03 0.00 27.91
B6 1,194,568.90 7.750000% 833.97 7,687.03 8,521.00 0.00 27.89
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 453,108,325.23 - 34,632,506.91 2,467,992.09 37,100,498.99 - 10,541.25
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 56,417,397.54 1,222.98
A2 21,960,000.00 471.44
A3 11,000,000.00 236.15
A4 113,007,000.00 2,426.04
A5 1,370,050.97 43.39
A6 0.00 35.17
A7 6,241,000.00 197.66
A8 8,265,000.00 199.22
A9 0.00 0.00
A10 0.00 0.00
A11 0.00 11.32
A12 0.00 53.33
A13 5,571,395.52 146.34
A14 9,662,000.00 218.34
A15 4,378,000.00 98.93
A16 0.00 46.22
A17 3,735,000.00 90.03
A18 0.00 45.20
A19 65,241,468.68 1,871.46
A20 0.00 0.00
A21 13,373,348.50 784.43
A22 8,054,075.02 189.14
A23 3,995,449.93 85.27
A24 702,113.68 17.82
A25 68,449,006.95 1,493.43
APO 1,667,646.04 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,832,045.48 299.85
B2 4,476,942.62 104.62
B3 2,686,563.43 62.78
B4 1,492,977.31 34.89
B5 1,194,580.78 27.91
B6 1,193,734.93 27.89
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 418,912,722.37 10,541.25
- --------------------------------------------------------------------------------
Payment Date: 07/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
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 56,967,311.18 7.125000% 060506QC9 9.218541 5.649681 945.759602
A2 21,960,000.00 7.125000% 060506QD7 0.000000 5.916032 1,000.000000
A3 11,000,000.00 7.125000% 060506QE5 0.000000 5.916032 1,000.000000
A4 113,007,000.00 7.125000% 060506QF2 0.000000 5.916032 1,000.000000
A5 1,800,000.00 8.000000% 060506QG0 238.860574 6.642562 761.139426
A6 1,459,000.00 8.000000% 060506QH8 120.578512 0.800950 0.000000
A7 8,200,000.00 8.000000% 060506QJ4 238.902439 6.642562 761.097561
A8 8,265,000.00 8.000000% 060506QK1 0.000000 6.642562 1,000.000000
A9 0.00 7.500000% 060506QL9 0.000000 0.000000 0.000000
A10 0.00 7.500000% 060506QM7 0.000000 0.000000 0.000000
A11 500,951.73 7.500000% 060506QN5 101.325189 0.630993 0.000000
A12 2,360,000.00 7.500000% 060506QP0 1,000.000000 6.227402 0.000000
A13 6,476,000.00 7.500000% 060506QQ8 139.685682 6.227402 860.314318
A14 9,662,000.00 7.500000% 060506QR6 0.000000 6.227402 1,000.000000
A15 4,378,000.00 7.500000% 060506QS4 0.000000 6.227402 1,000.000000
A16 1,917,625.38 8.000000% 060506QT2 120.605370 0.801129 0.000000
A17 3,735,000.00 8.000000% 060506QU9 0.000000 6.642562 1,000.000000
A18 2,000,000.00 7.500000% 060506QV7 1,000.000000 6.227402 0.000000
A19 64,828,062.83 9.580994% 060506QW5 0.000000 1.650403 1,052.328429
A20 0.00 7.750000% 060506QX3 0.000000 0.000000 0.000000
A21 34,712,277.88 7.500000% 060506QY1 182.715085 1.850938 114.509611
A22 8,099,751.88 7.750000% 060506QZ8 0.000000 6.265323 968.144336
A23 3,971,951.74 7.125000% 060506RA2 0.000000 0.000000 1,048.468132
A24 763,085.83 7.750000% 060506RB0 59.485024 4.790677 684.988956
A25 69,565,454.03 7.125000% 060506RC8 14.882389 5.486036 912.434442
APO 1,686,079.26 0.000000% 060506RD6 10.549165 0.000000 954.378893
Residual AR 0.00 7.750000% 060506RE4 0.000000 42.303822 0.000000
ALR 0.00 7.750000% 060506RF1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,841,010.19 7.750000% 060506RG9 0.694885 6.405059 994.655103
B2 4,480,070.29 7.750000% 060506RH7 0.694885 6.405059 994.655103
B3 2,688,440.32 7.750000% 060506RJ3 0.694885 6.405059 994.655103
B4 1,494,020.33 7.750000% 060506RP9 0.694885 6.405059 994.655103
B5 1,195,415.34 7.750000% 060506RQ7 0.694885 6.405059 994.655103
B6 1,194,568.90 7.750000% 060506RR5 0.694885 6.405060 994.655170
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 453,108,325.23 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 418,913,066.85 418,913,066.85
Loan count 1090 1090
Avg loan rate 8.254694% 8.25
Prepay amount 33,879,118.08 33,879,118.08
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 105,737.87 105,737.87
Sub servicer fees 0.00 0.00
Trustee fees 1,321.57 1,321.57
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 94.730239% 100.000000% 429,214,799.86
-----------------------------------------------------------------------------
Junior 5.269761% 0.000000% 23,876,844.55
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 15 5,171,603.95
60 to 89 days 5 1,624,760.41
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 20 6,796,364.36
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 37,100,498.99 37,100,498.99
Principal remittance amount 34,632,506.91 34,632,506.91
Interest remittance amount 2,467,992.09 2,467,992.09