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
BA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2001-8)
(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
BA
Mortgage Pass-Through Certificates
Series 2001-8
On August 25, 2001, The Bank of New York, as Trustee for BA, Mortgage
Pass-Through Certificates Series 2001-8, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 1, 2001, among BA 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 BA, Mortgage Pass-Through Certificates
Series 2001-8 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 July 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
BA
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 08/25/01
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, 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 278,842,000.00 6.750000% 772,900.73 1,568,486.25 2,341,386.98 0.00 0.00
A2 83,300,000.00 6.750000% 206,215.33 468,562.50 674,777.83 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.88 46,861.88 0.00 0.00
A5 12,526,000.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 10,000,000.00 6.750000% 70,458.75 56,250.00 126,708.75 0.00 0.00
A7 25,000,000.00 6.000000% 0.00 125,000.00 125,000.00 0.00 0.00
A8 46,787,029.00 4.642500% 320,985.36 181,007.32 501,992.68 0.00 0.00
A9 12,129,971.00 14.878928% 83,218.43 150,400.81 233,619.24 0.00 0.00
A10 1,436,000.00 6.750000% 1,048.26 0.00 1,048.26 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.13 12,448.13 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 32,745,000.00 5.750000% 0.00 156,903.13 156,903.13 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 0.00 0.000000% 0.00 45,035.41 45,035.41 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 50.00 6.750000% 50.00 0.28 50.28 0.00 0.00
ALR 50.00 6.750000% 50.00 0.28 50.28 0.00 0.00
2A1 298,820,000.00 6.500000% 2,847,628.18 1,618,608.33 4,466,236.52 0.00 0.00
3A1 117,069,000.00 6.750000% 186,254.46 658,513.13 844,767.58 0.00 0.00
3A2 8,729,000.00 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 3,372,996.77 0.000000% 4,447.95 0.00 4,447.95 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,264,000.00 6.750000% 9,738.94 68,985.00 78,723.94 0.00 0.00
B2 5,411,000.00 6.750000% 4,296.92 30,436.88 34,733.79 0.00 0.00
B3 2,886,000.00 6.750000% 2,291.80 16,233.75 18,525.55 0.00 0.00
B4 1,804,000.00 6.750000% 1,432.57 10,147.50 11,580.07 0.00 0.00
B5 1,443,000.00 6.750000% 1,145.90 8,116.88 9,262.77 0.00 0.00
B6 1,442,985.06 6.750000% 1,145.89 8,116.79 9,262.68 0.00 0.00
2B1 1,976,000.00 6.500000% 6,378.14 10,703.33 17,081.48 0.00 0.00
2B2 1,064,000.00 6.500000% 3,434.38 5,763.33 9,197.72 0.00 0.00
2B3 608,000.00 6.500000% 1,962.51 3,293.33 5,255.84 0.00 0.00
2B4 304,000.00 6.500000% 981.25 1,646.67 2,627.92 0.00 0.00
2B5 304,000.00 6.500000% 981.25 1,646.67 2,627.92 0.00 0.00
2B6 304,706.60 6.500000% 983.53 1,650.49 2,634.03 0.00 0.00
3B1 2,842,000.00 6.750000% 2,271.28 15,986.25 18,257.53 0.00 0.00
3B2 802,000.00 6.750000% 640.94 4,511.25 5,152.19 0.00 0.00
3B3 438,000.00 6.750000% 350.04 2,463.75 2,813.79 0.00 0.00
3B4 438,000.00 6.750000% 350.04 2,463.75 2,813.79 0.00 0.00
3B5 292,000.00 6.750000% 233.36 1,642.50 1,875.86 0.00 0.00
3B6 292,247.89 6.750000% 233.56 1,643.89 1,877.45 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 1,170,973,036.32 - 4,532,109.77 6,376,909.03 10,909,018.80 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 278,069,099.27 0.00
A2 83,093,784.67 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 12,596,458.75 0.00
A6 9,929,541.25 0.00
A7 25,000,000.00 0.00
A8 46,466,043.64 0.00
A9 12,046,752.57 0.00
A10 1,443,029.24 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 32,745,000.00 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 0.00 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 295,972,371.82 0.00
3A1 116,882,745.54 0.00
3A2 8,778,100.63 0.00
3A3 14,500,000.00 0.00
APO 3,368,548.82 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,254,261.06 0.00
B2 5,406,703.08 0.00
B3 2,883,708.20 0.00
B4 1,802,567.43 0.00
B5 1,441,854.10 0.00
B6 1,441,839.17 0.00
2B1 1,969,621.86 0.00
2B2 1,060,565.62 0.00
2B3 606,037.49 0.00
2B4 303,018.75 0.00
2B5 303,018.75 0.00
2B6 303,723.07 0.00
3B1 2,839,728.72 0.00
3B2 801,359.06 0.00
3B3 437,649.96 0.00
3B4 437,649.96 0.00
3B5 291,766.64 0.00
3B6 292,014.33 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 1,166,568,563.43 -
- --------------------------------------------------------------------------------
Payment Date: 08/25/01
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Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, 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 278,842,000.00 6.750000% 060506P22 2.771823 5.625000 997.228177
A2 83,300,000.00 6.750000% 060506P30 2.475574 5.625000 997.524426
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 12,526,000.00 6.750000% 060506P63 0.000000 0.000000 1,005.625000
A6 10,000,000.00 6.750000% 060506P71 7.045875 5.625000 992.954125
A7 25,000,000.00 6.000000% 060506P89 0.000000 5.000000 1,000.000000
A8 46,787,029.00 4.642500% 060506P97 6.860563 3.868750 993.139437
A9 12,129,971.00 14.878928% 060506Q21 6.860563 12.399107 993.139437
A10 1,436,000.00 6.750000% 060506Q39 0.729987 0.000000 1,004.895013
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 32,745,000.00 5.750000% 060506Q88 0.000000 4.791667 1,000.000000
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 0.00 0.000000% 060506R38 0.000000 0.000000 0.000000
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 50.00 6.750000% 060506R53 1,000.000000 5.625000 0.000000
ALR 50.00 6.750000% 060506R61 1,000.000000 5.625000 0.000000
2A1 298,820,000.00 6.500000% 060506R79 9.529577 5.416667 990.470423
3A1 117,069,000.00 6.750000% 060506R87 1.590980 5.625000 998.409020
3A2 8,729,000.00 6.750000% 060506R95 0.000000 0.000000 1,005.625000
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 3,372,996.77 0.000000% 060506S37 1.318694 0.000000 998.681306
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,264,000.00 6.750000% 060506S45 0.794108 5.625000 999.205892
B2 5,411,000.00 6.750000% 060506S52 0.794108 5.625000 999.205892
B3 2,886,000.00 6.750000% 060506S60 0.794108 5.625000 999.205892
B4 1,804,000.00 6.750000% 060506T51 0.794108 5.625000 999.205892
B5 1,443,000.00 6.750000% 060506T69 0.794108 5.625000 999.205892
B6 1,442,985.06 6.750000% 060506T77 0.794108 5.625000 999.205892
2B1 1,976,000.00 6.500000% 060506S78 3.227805 5.416667 996.772195
2B2 1,064,000.00 6.500000% 060506S86 3.227805 5.416667 996.772195
2B3 608,000.00 6.500000% 060506S94 3.227805 5.416667 996.772195
2B4 304,000.00 6.500000% 060506T85 3.227805 5.416667 996.772195
2B5 304,000.00 6.500000% 060506T93 3.227805 5.416667 996.772195
2B6 304,706.60 6.500000% 060506U26 3.227804 5.416667 996.772196
3B1 2,842,000.00 6.750000% 060506T28 0.799183 5.625000 999.200817
3B2 802,000.00 6.750000% 060506T36 0.799183 5.625000 999.200817
3B3 438,000.00 6.750000% 060506T44 0.799183 5.625000 999.200817
3B4 438,000.00 6.750000% 060506U34 0.799183 5.625000 999.200817
3B5 292,000.00 6.750000% 060506U42 0.799183 5.625000 999.200817
3B6 292,247.89 6.750000% 060506U59 0.799183 5.625000 999.200817
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 1,170,973,036.32 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 719,961,473.39 301,006,382.57 145,600,707.47 1,166,568,563.43
Loan count 1727 651 344 2722
Avg loan rate 7.247063% 6.967847% 7.245683% 7.17
Prepay amount 825,872.05 1,883,113.19 25,061.65 2,734,046.89
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 307,904.77 111,571.31 61,871.42 481,347.50
Sub servicer fees 0.00 0.00 0.00 0.00
Trustee fees 1,202.27 506.45 242.90 1,951.62
Agg advances N/A N/A N/A N/A
Adv this period 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 0.00 0.00 0.00 0.00
Special Hazard 0.00 0.00 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 97.021431% 100.000000% 1,136,057,096.77
-----------------------------------------------------------------------------
Junior 2.978569% 0.000000% 34,877,087.24
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 1 431,250.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 1 431,250.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 10,909,018.80 10,909,018.80
Principal remittance amount 4,532,109.77 4,532,109.77
Interest remittance amount 6,376,909.03 6,376,909.03