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): October 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 October 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 October 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: October 25, 2001
BAMS
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 10/25/01
------------------------------------------------------------
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 55,194,864.42 7.125000% 672,078.51 327,719.51 999,798.02 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 29,683.59 8.000000% 29,683.59 197.89 29,881.48 0.00 0.00
A6 0.00 8.000000% 0.00 0.00 0.00 0.00 0.00
A7 135,000.00 8.000000% 135,000.00 900.00 135,900.00 0.00 0.00
A8 8,265,000.00 8.000000% 2,511,000.00 55,100.00 2,566,100.00 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 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A14 7,786,000.00 7.500000% 3,809,000.00 48,662.50 3,857,662.50 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% 1,134,502.51 24,900.00 1,159,402.51 0.00 0.00
A18 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A19 51,619,982.41 9.839370% 13,855,985.10 379,448.98 14,235,434.09 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 7,952,153.88 7.750000% 0.00 51,357.66 51,357.66 0.00 0.00
A23 4,043,036.76 7.125000% 0.00 0.00 0.00 0.00 0.00
A24 620,676.64 7.750000% 41,920.33 4,008.54 45,928.87 0.00 0.00
A25 65,966,992.67 7.125000% 1,364,468.95 391,679.02 1,756,147.97 0.00 0.00
APO 1,651,877.52 0.000000% 31,935.82 0.00 31,935.82 0.00 0.00
Residual AR 0.00 7.750000% 0.00 7.21 7.21 0.00 0.00
ALR 0.00 7.750000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,813,781.67 7.750000% 9,295.61 82,755.67 92,051.28 0.00 0.00
B2 4,470,570.60 7.750000% 3,243.12 28,872.44 32,115.56 0.00 0.00
B3 2,682,739.66 7.750000% 1,946.16 17,326.03 19,272.19 0.00 0.00
B4 1,490,852.36 7.750000% 1,081.52 9,628.42 10,709.94 0.00 0.00
B5 1,192,880.54 7.750000% 865.36 7,704.02 8,569.38 0.00 0.00
B6 1,192,035.90 7.750000% 864.75 7,698.57 8,563.31 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 373,235,974.72 - 23,602,871.35 2,332,008.01 25,934,879.36 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 54,522,785.91 0.00
A2 21,960,000.00 0.00
A3 11,000,000.00 0.00
A4 113,007,000.00 0.00
A5 0.00 0.00
A6 0.00 0.00
A7 0.00 0.00
A8 5,754,000.00 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 3,977,000.00 0.00
A15 4,378,000.00 0.00
A16 0.00 0.00
A17 2,600,497.49 0.00
A18 0.00 0.00
A19 37,807,805.08 0.00
A20 0.00 0.00
A21 0.00 0.00
A22 7,895,949.70 0.00
A23 4,067,042.29 0.00
A24 578,756.30 0.00
A25 64,602,523.72 0.00
APO 1,619,941.70 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 12,804,486.06 0.00
B2 4,467,327.47 0.00
B3 2,680,793.49 0.00
B4 1,489,770.84 0.00
B5 1,192,015.17 0.00
B6 1,191,171.15 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 349,700,916.67 -
--------------------------------------------------------------------------------
Payment Date: 10/25/01
------------------------------------------------------------
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 55,194,864.42 7.125000% 060506QC9 11.266466 5.493764 913.999060
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 29,683.59 8.000000% 060506QG0 16.490882 0.109939 0.000000
A6 0.00 8.000000% 060506QH8 0.000000 0.000000 0.000000
A7 135,000.00 8.000000% 060506QJ4 16.463415 0.109756 0.000000
A8 8,265,000.00 8.000000% 060506QK1 303.811252 6.666667 696.188748
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 0.00 7.500000% 060506QQ8 0.000000 0.000000 0.000000
A14 7,786,000.00 7.500000% 060506QR6 394.224798 5.036483 411.612503
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 303.748999 6.666667 696.251001
A18 0.00 7.500000% 060506QV7 0.000000 0.000000 0.000000
A19 51,619,982.41 9.839370% 060506QW5 223.493544 6.120416 609.830357
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 7,952,153.88 7.750000% 060506QZ8 0.000000 6.173475 949.136799
A23 4,043,036.76 7.125000% 060506RA2 0.000000 0.000000 1,067.255077
A24 620,676.64 7.750000% 060506RB0 40.897886 3.910767 564.640297
A25 65,966,992.67 7.125000% 060506RC8 18.188554 5.221134 861.160304
APO 1,651,877.52 0.000000% 060506RD6 18.276585 0.000000 927.078125
Residual AR 0.00 7.750000% 060506RE4 0.000000 144.159097 0.000000
ALR 0.00 7.750000% 060506RF1 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,813,781.67 7.750000% 060506RG9 0.720534 6.414671 992.518879
B2 4,470,570.60 7.750000% 060506RH7 0.720534 6.414671 992.518879
B3 2,682,739.66 7.750000% 060506RJ3 0.720534 6.414671 992.518879
B4 1,490,852.36 7.750000% 060506RP9 0.720534 6.414671 992.518879
B5 1,192,880.54 7.750000% 060506RQ7 0.720534 6.414671 992.518879
B6 1,192,035.90 7.750000% 060506RR5 0.720534 6.414672 992.518946
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 373,235,974.72 - - - - -
------------------------------------------------------------------------------------------------------------------------
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------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-7
Bank of America, N.A., Master Servicer
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 349,701,445.60 349,701,445.60
Loan count 914 914
Avg loan rate 8.236504% 8.24
Prepay amount 23,264,783.30 23,264,783.30
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Master serv fees 103,915.82 103,915.82
Sub servicer fees 0.00 0.00
Trustee fees 1,088.61 1,088.61
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 93.616192% 100.000000% 349,393,114.00
-----------------------------------------------------------------------------
Junior 6.383808% 0.000000% 23,825,564.18
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 11 3,842,845.46
60 to 89 days 2 621,109.57
90 or more 1 398,520.05
Foreclosure 0 0.00
Totals: 14 4,862,475.08
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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 25,934,879.36 25,934,879.36
Principal remittance amount 23,602,871.35 23,602,871.35
Interest remittance amount 2,332,008.01 2,332,008.01