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): September 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 September 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 September 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: September 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 09/25/01
------------------------------------------------------------
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 55,826,496.19 7.125000% 631,631.77 331,469.82 963,101.59 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 561,075.23 8.000000% 531,391.65 3,740.50 535,132.15 0.00 0.00
A6 0.00 8.000000% 0.00 0.00 0.00 0.00 0.00
A7 2,556,000.00 8.000000% 2,421,000.00 17,040.00 2,438,040.00 0.00 0.00
A8 8,265,000.00 8.000000% 0.00 55,100.00 55,100.00 0.00 0.00
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 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A12 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A13 1,077,085.89 7.500000% 1,077,085.89 6,731.79 1,083,817.68 0.00 0.00
A14 9,662,000.00 7.500000% 1,876,000.00 60,387.50 1,936,387.50 0.00 0.00
A15 4,378,000.00 7.500000% 0.00 27,362.50 27,362.50 0.00 0.00
A16 0.00 8.000000% 0.00 0.00 0.00 0.00 0.00
A17 3,735,000.00 8.000000% 0.00 24,900.00 24,900.00 0.00 0.00
A18 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A19 62,313,024.29 9.493231% 10,736,591.08 449,410.76 11,186,001.84 0.00 0.00
A20 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
A21 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A22 8,004,870.53 7.750000% 0.00 51,698.12 51,698.12 0.00 0.00
A23 4,019,172.92 7.125000% 0.00 0.00 0.00 0.00 0.00
A24 653,733.53 7.750000% 33,056.89 4,222.03 37,278.92 0.00 0.00
A25 67,249,345.71 7.125000% 1,282,353.04 399,292.99 1,681,646.03 0.00 0.00
APO 1,653,764.88 0.000000% 1,887.36 0.00 1,887.36 0.00 0.00
Residual AR 0.00 7.750000% 0.00 2.39 2.39 0.00 0.00
ALR 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,822,970.33 7.750000% 9,188.66 82,815.02 92,003.68 0.00 0.00
B2 4,473,776.41 7.750000% 3,205.81 28,893.14 32,098.95 0.00 0.00
B3 2,684,663.43 7.750000% 1,923.77 17,338.45 19,262.22 0.00 0.00
B4 1,491,921.44 7.750000% 1,069.08 9,635.33 10,704.40 0.00 0.00
B5 1,193,735.94 7.750000% 855.41 7,709.54 8,564.95 0.00 0.00
B6 1,192,890.70 7.750000% 854.80 7,704.09 8,558.89 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 391,776,656.89 - 18,608,095.21 2,452,133.03 21,060,228.24 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 55,194,864.42 0.00
A2 21,960,000.00 0.00
A3 11,000,000.00 0.00
A4 113,007,000.00 0.00
A5 29,683.59 0.00
A6 0.00 0.00
A7 135,000.00 0.00
A8 8,265,000.00 0.00
A9 0.00 0.00
A10 0.00 0.00
A11 0.00 0.00
A12 0.00 0.00
A13 0.00 0.00
A14 7,786,000.00 0.00
A15 4,378,000.00 0.00
A16 0.00 0.00
A17 3,735,000.00 0.00
A18 0.00 0.00
A19 51,619,982.41 0.00
A20 0.00 0.00
A21 0.00 0.00
A22 7,952,153.88 0.00
A23 4,043,036.76 0.00
A24 620,676.64 0.00
A25 65,966,992.67 0.00
APO 1,651,877.52 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 12,813,781.67 0.00
B2 4,470,570.60 0.00
B3 2,682,739.66 0.00
B4 1,490,852.36 0.00
B5 1,192,880.54 0.00
B6 1,192,035.90 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 373,235,974.72 -
--------------------------------------------------------------------------------
Payment Date: 09/25/01
------------------------------------------------------------
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 55,826,496.19 7.125000% 060506QC9 10.588433 5.556633 925.265526
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 561,075.23 8.000000% 060506QG0 295.217581 2.078056 16.490882
A6 0.00 8.000000% 060506QH8 0.000000 0.000000 0.000000
A7 2,556,000.00 8.000000% 060506QJ4 295.243902 2.078049 16.463415
A8 8,265,000.00 8.000000% 060506QK1 0.000000 6.666667 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 0.00 7.500000% 060506QN5 0.000000 0.000000 0.000000
A12 0.00 7.500000% 060506QP0 0.000000 0.000000 0.000000
A13 1,077,085.89 7.500000% 060506QQ8 166.319625 1.039498 0.000000
A14 9,662,000.00 7.500000% 060506QR6 194.162699 6.250000 805.837301
A15 4,378,000.00 7.500000% 060506QS4 0.000000 6.250000 1,000.000000
A16 0.00 8.000000% 060506QT2 0.000000 0.000000 0.000000
A17 3,735,000.00 8.000000% 060506QU9 0.000000 6.666667 1,000.000000
A18 0.00 7.500000% 060506QV7 0.000000 0.000000 0.000000
A19 62,313,024.29 9.493231% 060506QW5 173.178505 7.248882 832.617292
A20 0.00 7.750000% 060506QX3 0.000000 0.000000 0.000000
A21 0.00 7.500000% 060506QY1 0.000000 0.000000 0.000000
A22 8,004,870.53 7.750000% 060506QZ8 0.000000 6.214400 955.892852
A23 4,019,172.92 7.125000% 060506RA2 0.000000 0.000000 1,060.955653
A24 653,733.53 7.750000% 060506RB0 32.250628 4.119053 605.538183
A25 67,249,345.71 7.125000% 060506RC8 17.093938 5.322629 879.348859
APO 1,653,764.88 0.000000% 060506RD6 1.080120 0.000000 945.354710
Residual AR 0.00 7.750000% 060506RE4 0.000000 47.827878 0.000000
ALR 0.00 7.750000% 060506RF1 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,822,970.33 7.750000% 060506RG9 0.712244 6.419271 993.239413
B2 4,473,776.41 7.750000% 060506RH7 0.712244 6.419271 993.239413
B3 2,684,663.43 7.750000% 060506RJ3 0.712244 6.419271 993.239413
B4 1,491,921.44 7.750000% 060506RP9 0.712244 6.419271 993.239413
B5 1,193,735.94 7.750000% 060506RQ7 0.712244 6.419271 993.239413
B6 1,192,890.70 7.750000% 060506RR5 0.712244 6.419272 993.239480
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 391,776,656.89 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 373,237,111.16 373,237,111.16
Loan count 974 974
Avg loan rate 8.241552% 8.24
Prepay amount 18,258,690.22 18,258,690.22
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 121,469.73 121,469.73
Sub servicer fees 0.00 0.00
Trustee fees 1,142.68 1,142.68
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 93.913905% 100.000000% 367,916,698.65
-----------------------------------------------------------------------------
Junior 6.086095% 0.000000% 23,842,860.71
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 7 2,416,357.90
60 to 89 days 5 1,696,488.21
90 or more 2 667,512.22
Foreclosure 1 354,279.95
Totals: 15 5,134,638.28
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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 21,060,228.24 21,060,228.24
Principal remittance amount 18,608,095.21 18,608,095.21
Interest remittance amount 2,452,133.03 2,452,133.03