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): August 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 August 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 August 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: August 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 08/25/01
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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
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior A1 79,601,485.07 6.750000% 1,862,613.29 447,758.35 2,310,371.64 0.00 0.00
A2 475,476.32 6.750000% 10,798.73 2,674.55 13,473.28 0.00 0.00
A3 189,754,614.38 6.750000% 4,499,871.71 1,067,369.71 5,567,241.42 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 31,505.62 31,505.62 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 47,678,366.02 7.000000% 1,022,305.58 278,123.80 1,300,429.38 0.00 0.00
A12 47,678,366.02 6.500000% 1,022,305.58 258,257.82 1,280,563.40 0.00 0.00
A13 6,715,053.57 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 1,932,243.19 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 216,132.49 6.750000% 3,904.71 1,215.75 5,120.46 0.00 0.00
APO 144,813.51 0.000000% 142.34 0.00 142.34 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,234,467.50 6.750000% 6,280.39 46,318.88 52,599.27 0.00 0.00
B2 3,743,574.71 6.750000% 2,855.21 21,057.61 23,912.82 0.00 0.00
B3 2,245,945.27 6.750000% 1,712.97 12,633.44 14,346.41 0.00 0.00
B4 1,248,190.82 6.750000% 951.99 7,021.07 7,973.06 0.00 0.00
B5 998,752.21 6.750000% 761.74 5,617.98 6,379.73 0.00 0.00
B6 998,917.02 6.750000% 761.87 5,618.91 6,380.78 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 481,083,398.09 - 8,435,266.11 2,656,638.50 11,091,904.61 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 77,738,871.79 0.00
A2 464,677.59 0.00
A3 185,254,742.67 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 46,656,060.44 0.00
A12 46,656,060.44 0.00
A13 6,752,825.75 0.00
A14 1,943,112.06 0.00
A15 50,000,000.00 0.00
A16 212,227.77 0.00
APO 144,671.16 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,228,187.11 0.00
B2 3,740,719.50 0.00
B3 2,244,232.30 0.00
B4 1,247,238.83 0.00
B5 997,990.46 0.00
B6 998,155.15 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 472,696,773.02 -
- --------------------------------------------------------------------------------
Payment Date: 08/25/01
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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 79,601,485.07 6.750000% 060506XZ0 22.216549 5.340693 927.239969
A2 475,476.32 6.750000% 060506YA4 21.597458 5.349109 929.355179
A3 189,754,614.38 6.750000% 060506YB2 22.499359 5.336849 926.273713
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 47,678,366.02 7.000000% 060506YK2 20.446112 5.562476 933.121209
A12 47,678,366.02 6.500000% 060506YL0 20.446112 5.165156 933.121209
A13 6,715,053.57 6.750000% 060506YM8 0.000000 0.000000 1,022.690557
A14 1,932,243.19 6.750000% 060506YN6 0.000000 0.000000 1,022.690557
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 216,132.49 6.750000% 060506YQ9 17.354272 5.403312 943.234551
APO 144,813.51 0.000000% 060506YR7 0.980140 0.000000 996.161173
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,234,467.50 6.750000% 060506YT3 0.760983 5.612369 996.993470
B2 3,743,574.71 6.750000% 060506YU0 0.760983 5.612369 996.993470
B3 2,245,945.27 6.750000% 060506YV8 0.760983 5.612369 996.993470
B4 1,248,190.82 6.750000% 060506YW6 0.760983 5.612369 996.993470
B5 998,752.21 6.750000% 060506YX4 0.760983 5.612369 996.993470
B6 998,917.02 6.750000% 060506YY2 0.760983 5.612369 996.993470
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 481,083,398.09 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 472,696,773.01 472,696,773.01
Loan count 1135 1135
Avg loan rate 7.567390% 7.57
Prepay amount 8,019,688.74 8,019,688.74
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 307,983.20 307,983.20
Sub servicer fees 0.00 0.00
Trustee fees 1,403.16 1,403.16
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 96.371314% 100.000000% 463,613,550.57
-----------------------------------------------------------------------------
Junior 3.628686% 0.000000% 17,456,523.35
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 22 8,641,735.53
60 to 89 days 1 316,631.37
90 or more 1 318,656.75
Foreclosure 0 0.00
Totals: 24 9,277,023.65
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 11,091,904.61 11,091,904.61
Principal remittance amount 8,435,266.11 8,435,266.11
Interest remittance amount 2,656,638.50 2,656,638.50