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 2001-b)
(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-b
On October 25, 2001, The Bank of New York, as Trustee for BAMS, Mortgage
Pass-Through Certificates Series 2001-b, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of May 1, 2001, 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 2001-b 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 May 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: 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, Inc.
Mortgage Pass-Through Certificates, Series 2001-b
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 218,339,449.67 5.249000% 34,607,226.92 955,053.14 35,562,280.07 0.00 0.00
A2 220,313,000.00 6.069000% 0.00 1,114,233.00 1,114,233.00 0.00 0.00
A3 225,807,000.00 6.264000% 0.00 1,178,712.54 1,178,712.54 0.00 0.00
AIO 690,672,400.87 0.410429% 0.00 236,226.80 236,226.80 0.00 0.00
Residual ALR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
AR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,111,131.42 6.250000% 8,689.45 52,662.14 61,351.59 0.00 0.00
B2 5,990,932.57 6.250000% 5,148.57 31,202.77 36,351.35 0.00 0.00
B3 4,119,202.18 6.250000% 3,540.02 21,454.18 24,994.20 0.00 0.00
B4 1,871,730.39 6.250000% 1,608.55 9,748.60 11,357.15 0.00 0.00
B5 1,872,727.05 6.250000% 1,609.41 9,753.79 11,363.20 0.00 0.00
B6 2,247,227.58 6.250000% 1,931.26 11,704.31 13,635.57 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 690,672,400.87 - 34,629,754.19 3,620,751.34 38,250,505.53 - -
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Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 183,732,222.75 0.00
A2 220,313,000.00 0.00
A3 225,807,000.00 0.00
AIO 656,042,646.68 0.00
Residual ALR 0.00 0.00
AR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 10,102,441.97 0.00
B2 5,985,784.00 0.00
B3 4,115,662.16 0.00
B4 1,870,121.84 0.00
B5 1,871,117.64 0.00
B6 2,245,296.33 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 656,042,646.68 -
--------------------------------------------------------------------------------
Payment Date: 10/25/01
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-b
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 218,339,449.67 5.249000% 060506ZJ4 124.037572 3.423056 658.524271
A2 220,313,000.00 6.069000% 060506ZK1 0.000000 5.057500 1,000.000000
A3 225,807,000.00 6.264000% 060506ZL9 0.000000 5.220000 1,000.000000
AIO 690,672,400.87 0.410429% 060506ZM7 0.000000 0.314371 873.062552
Residual ALR 0.00 6.250000% 0.000000 0.000000 0.000000
AR 0.00 6.250000% 0.000000 0.000000 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,111,131.42 6.250000% 060506ZQ8 0.856525 5.190946 995.805024
B2 5,990,932.57 6.250000% 060506ZR6 0.856525 5.190946 995.805024
B3 4,119,202.18 6.250000% 060506ZS4 0.856525 5.190946 995.805024
B4 1,871,730.39 6.250000% 060506ZT2 0.856525 5.190946 995.805024
B5 1,872,727.05 6.250000% 060506ZU9 0.856525 5.190946 995.805024
B6 2,247,227.58 6.250000% 060506ZV7 0.856526 5.190946 995.805153
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 690,672,400.87 - - - - -
------------------------------------------------------------------------------------------------------------------------
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------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-b
Bank of America, NA, Master Servicer
------------------------------------------------------------
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COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Prin balance 656,042,646.38 656,042,646.38
Loan count 1366 1366
Avg loan rate 7.036828% 7.04
Prepay amount 34,036,194.12 34,036,194.12
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FEES AND ADVANCES
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Total
-----
Master serv fees 366,055.90 366,055.90
Sub servicer fees 0.00 0.00
Trustee fees 1,151.12 1,151.12
Agg advances N/A N/A
Adv this period 0.00 0.00
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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 96.207858% 100.000000% 664,459,449.67
-----------------------------------------------------------------------------
Junior 3.792142% 0.000000% 26,190,423.94
-----------------------------------------------------------------------------
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DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 5 2,122,202.43
60 to 89 days 1 997,586.66
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 6 3,119,789.09
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--------------------------------------------------------------------------------
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
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OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 38,250,505.53 38,250,505.53
Principal remittance amount 34,629,754.19 34,629,754.19
Interest remittance amount 3,620,751.34 3,620,751.34