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 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 September 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 September 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: 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 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 77,738,871.79 6.750000% 2,129,219.57 437,281.15 2,566,500.72 0.00 0.00
A2 464,677.59 6.750000% 12,353.13 2,613.81 14,966.94 0.00 0.00
A3 185,254,742.67 6.750000% 5,142,370.97 1,042,057.93 6,184,428.89 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 46,656,060.44 7.000000% 1,169,459.03 272,160.35 1,441,619.39 0.00 0.00
A12 46,656,060.44 6.500000% 1,169,459.03 252,720.33 1,422,179.36 0.00 0.00
A13 6,752,825.75 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 1,943,112.06 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 212,227.77 6.750000% 4,466.77 1,193.78 5,660.55 0.00 0.00
APO 144,671.16 0.000000% 141.75 0.00 141.75 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,228,187.11 6.750000% 6,303.90 46,283.55 52,587.45 0.00 0.00
B2 3,740,719.50 6.750000% 2,865.89 21,041.55 23,907.44 0.00 0.00
B3 2,244,232.30 6.750000% 1,719.38 12,623.81 14,343.19 0.00 0.00
B4 1,247,238.83 6.750000% 955.55 7,015.72 7,971.27 0.00 0.00
B5 997,990.46 6.750000% 764.60 5,613.70 6,378.29 0.00 0.00
B6 998,155.15 6.750000% 764.72 5,614.62 6,379.34 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 472,696,773.02 - 9,640,844.30 2,609,190.98 12,250,035.28 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 75,609,652.22 0.00
A2 452,324.46 0.00
A3 180,112,371.71 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 45,486,601.41 0.00
A12 45,486,601.41 0.00
A13 6,790,810.39 0.00
A14 1,954,042.06 0.00
A15 50,000,000.00 0.00
A16 207,761.01 0.00
APO 144,529.41 0.00
Residual AR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 8,221,883.21 0.00
B2 3,737,853.60 0.00
B3 2,242,512.92 0.00
B4 1,246,283.28 0.00
B5 997,225.87 0.00
B6 997,390.43 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 463,104,843.37 -
--------------------------------------------------------------------------------
Payment Date: 09/25/01
------------------------------------------------------------
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 77,738,871.79 6.750000% 060506XZ0 25.396529 5.215725 901.843441
A2 464,677.59 6.750000% 060506YA4 24.706255 5.227623 904.648924
A3 185,254,742.67 6.750000% 060506YB2 25.711855 5.210290 900.561859
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 46,656,060.44 7.000000% 060506YK2 23.389181 5.443207 909.732028
A12 46,656,060.44 6.500000% 060506YL0 23.389181 5.054407 909.732028
A13 6,752,825.75 6.750000% 060506YM8 0.000000 0.000000 1,028.443191
A14 1,943,112.06 6.750000% 060506YN6 0.000000 0.000000 1,028.443191
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 212,227.77 6.750000% 060506YQ9 19.852293 5.305694 923.382258
APO 144,671.16 0.000000% 060506YR7 0.976078 0.000000 995.185094
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,228,187.11 6.750000% 060506YT3 0.763831 5.608088 996.229639
B2 3,740,719.50 6.750000% 060506YU0 0.763831 5.608088 996.229639
B3 2,244,232.30 6.750000% 060506YV8 0.763831 5.608088 996.229639
B4 1,247,238.83 6.750000% 060506YW6 0.763831 5.608088 996.229639
B5 997,990.46 6.750000% 060506YX4 0.763831 5.608088 996.229639
B6 998,155.15 6.750000% 060506YY2 0.763831 5.608088 996.229639
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 472,696,773.02 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 463,104,843.36 463,104,843.36
Loan count 1116 1116
Avg loan rate 7.561294% 7.56
Prepay amount 9,229,763.75 9,229,763.75
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FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 297,984.75 297,984.75
Sub servicer fees 0.00 0.00
Trustee fees 1,378.70 1,378.70
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 96.309761% 100.000000% 455,240,249.67
-----------------------------------------------------------------------------
Junior 3.690239% 0.000000% 17,443,149.30
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 5 1,697,214.67
60 to 89 days 0 0.00
90 or more 1 317,322.29
Foreclosure 1 319,558.09
Totals: 7 2,334,095.05
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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 12,250,035.28 12,250,035.28
Principal remittance amount 9,640,844.30 9,640,844.30
Interest remittance amount 2,609,190.98 2,609,190.98