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 1999-6)
(Exact name of registrant as specified in charter)
North Carolina 33-63714 13-4078651
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon,. 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 1999-6
On September 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-6, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of June 1, 1999, among BAMS 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 BAMS, MORTGAGE PASS-THROUGH
CERTIFICATES Series 1999-6 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 June 1, 1999.
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, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, 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 74,617,712.38 6.250000% 1,175,224.75 388,633.92 1,563,858.67 0.00 0.00
A2 114,157,948.89 6.250000% 2,352,987.29 594,572.65 2,947,559.94 0.00 0.00
A3 8,614,000.00 6.250000% 0.00 44,864.58 44,864.58 0.00 0.00
A4 37,010,857.46 6.250000% 163,582.88 192,764.88 356,347.76 0.00 0.00
APO 483,435.97 0.000000% 2,340.28 0.00 2,340.28 0.00 0.00
Residual AR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,036,954.61 6.250000% 9,003.06 10,609.14 19,612.20 0.00 0.00
B2 951,061.44 6.250000% 4,203.56 4,953.45 9,157.01 0.00 0.00
B3 951,061.44 6.250000% 4,203.56 4,953.45 9,157.01 0.00 0.00
B4 543,851.50 6.250000% 2,403.75 2,832.56 5,236.31 0.00 0.00
B5 272,378.20 6.250000% 1,203.87 1,418.64 2,622.51 0.00 0.00
B6 407,871.07 6.250000% 1,802.73 2,124.33 3,927.06 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 240,047,132.96 - 3,716,955.74 1,247,727.59 4,964,683.33 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 73,442,487.62 0.00
A2 111,804,961.60 0.00
A3 8,614,000.00 0.00
A4 36,847,274.58 0.00
APO 481,095.68 0.00
Residual AR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 2,027,951.55 0.00
B2 946,857.88 0.00
B3 946,857.88 0.00
B4 541,447.75 0.00
B5 271,174.33 0.00
B6 406,068.34 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 236,330,177.22 -
--------------------------------------------------------------------------------
Payment Date: 09/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, 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 74,617,712.38 6.250000% 060506EW8 12.564814 4.155046 785.204020
A2 114,157,948.89 6.250000% 060506EX6 15.606158 3.943496 741.544982
A3 8,614,000.00 6.250000% 060506EY4 0.000000 5.208333 1,000.000000
A4 37,010,857.46 6.250000% 060506EZ1 3.999581 4.713078 900.911359
APO 483,435.97 0.000000% 060506FA5 4.174844 0.000000 858.229222
Residual AR 0.00 6.250000% 060506FB3 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,036,954.61 6.250000% 060506FC1 3.999582 4.713078 900.911395
B2 951,061.44 6.250000% 060506FD9 3.999582 4.713078 900.911401
B3 951,061.44 6.250000% 060506FE7 3.999582 4.713078 900.911401
B4 543,851.50 6.250000% 060506FF4 3.999582 4.713078 900.911393
B5 272,378.20 6.250000% 060506FG2 3.999582 4.713078 900.911397
B6 407,871.07 6.250000% 060506FH0 3.999582 4.713078 900.911386
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 240,047,132.96 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, Master Servicer
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 236,330,177.00 236,330,177.00
Loan count 710 710
Avg loan rate 6.790515% 6.79
Prepay amount 2,655,948.71 2,655,948.71
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 108,814.08 108,814.08
Sub servicer fees 0.00 0.00
Trustee fees 800.16 800.16
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 3,000,863.98 3,000,863.98
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 97.858401% 100.000000% 234,883,954.70
-----------------------------------------------------------------------------
Junior 2.141599% 0.000000% 5,140,357.73
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 4 1,002,338.45
60 to 89 days 0 0.00
90 or more 1 350,430.74
Foreclosure 1 277,415.73
Totals: 6 1,630,184.92
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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 4,964,683.33 4,964,683.33
Principal remittance amount 3,716,955.74 3,716,955.74
Interest remittance amount 1,247,727.59 1,247,727.59