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): November 25, 2001
BA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2001-8)
(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
BA
Mortgage Pass-Through Certificates
Series 2001-8
On November 25, 2001, The Bank of New York, as Trustee for BA, Mortgage
Pass-Through Certificates Series 2001-8, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 1, 2001, among BA 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 BA, Mortgage Pass-Through Certificates
Series 2001-8 relating to the distribution date of November
25, 2001 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of July 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: November 25, 2001
BA
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 11/25/01
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
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 273,855,468.51 6.750000% 5,225,839.44 1,540,437.01 6,766,276.45 0.00 0.00
A2 81,969,558.45 6.750000% 1,394,290.59 461,078.77 1,855,369.36 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.88 46,861.88 0.00 0.00
A5 12,738,567.47 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 9,787,432.53 6.750000% 71,654.44 55,054.31 126,708.75 0.00 0.00
A7 25,000,000.00 6.000000% 0.00 125,000.00 125,000.00 0.00 0.00
A8 45,614,897.75 3.270000% 1,854,953.53 124,300.60 1,979,254.13 0.00 0.00
A9 11,826,085.11 20.172857% 480,913.90 198,804.94 679,718.84 0.00 0.00
A10 349,562.07 6.750000% 349,562.07 1,966.29 351,528.36 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.13 12,448.13 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 32,745,000.00 5.750000% 0.00 156,903.13 156,903.13 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 8,006,296.30 6.750000% 0.00 45,035.42 45,035.42 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 290,106,475.67 6.500000% 10,593,517.84 1,571,410.08 12,164,927.91 0.00 0.00
3A1 115,566,896.20 6.750000% 531,555.35 650,063.79 1,181,619.15 0.00 0.00
3A2 8,877,132.00 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 3,356,344.03 0.000000% 4,736.36 0.00 4,736.36 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,234,584.57 6.750000% 9,973.07 68,819.54 78,792.61 0.00 0.00
B2 5,398,021.62 6.750000% 4,400.22 30,363.87 34,764.09 0.00 0.00
B3 2,879,077.88 6.750000% 2,346.89 16,194.81 18,541.70 0.00 0.00
B4 1,799,673.07 6.750000% 1,467.01 10,123.16 11,590.17 0.00 0.00
B5 1,439,538.94 6.750000% 1,173.45 8,097.41 9,270.85 0.00 0.00
B6 1,439,524.03 6.750000% 1,173.43 8,097.32 9,270.76 0.00 0.00
2B1 1,956,714.03 6.500000% 6,532.78 10,598.87 17,131.64 0.00 0.00
2B2 1,053,615.25 6.500000% 3,517.65 5,707.08 9,224.73 0.00 0.00
2B3 602,065.86 6.500000% 2,010.09 3,261.19 5,271.28 0.00 0.00
2B4 301,032.93 6.500000% 1,005.04 1,630.60 2,635.64 0.00 0.00
2B5 301,032.93 6.500000% 1,005.04 1,630.60 2,635.64 0.00 0.00
2B6 301,732.69 6.500000% 1,007.38 1,634.39 2,641.76 0.00 0.00
3B1 2,835,134.21 6.750000% 2,323.61 15,947.63 18,271.24 0.00 0.00
3B2 800,062.50 6.750000% 655.71 4,500.35 5,156.06 0.00 0.00
3B3 436,941.87 6.750000% 358.11 2,457.80 2,815.91 0.00 0.00
3B4 436,941.87 6.750000% 358.11 2,457.80 2,815.91 0.00 0.00
3B5 291,294.58 6.750000% 238.74 1,638.53 1,877.27 0.00 0.00
3B6 291,541.87 6.750000% 238.94 1,639.92 1,878.86 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 1,151,891,950.47 - 20,546,808.79 6,277,544.76 26,824,353.55 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 268,629,629.07 0.00
A2 80,575,267.86 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 12,810,221.91 0.00
A6 9,715,778.09 0.00
A7 25,000,000.00 0.00
A8 43,759,944.22 0.00
A9 11,345,171.21 0.00
A10 0.00 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 32,745,000.00 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 8,006,296.30 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 279,512,957.83 0.00
3A1 115,035,340.85 0.00
3A2 8,927,065.87 0.00
3A3 14,500,000.00 0.00
APO 3,351,607.67 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,224,611.50 0.00
B2 5,393,621.40 0.00
B3 2,876,730.98 0.00
B4 1,798,206.06 0.00
B5 1,438,365.49 0.00
B6 1,438,350.60 0.00
2B1 1,950,181.26 0.00
2B2 1,050,097.60 0.00
2B3 600,055.77 0.00
2B4 300,027.89 0.00
2B5 300,027.89 0.00
2B6 300,725.32 0.00
3B1 2,832,810.60 0.00
3B2 799,406.79 0.00
3B3 436,583.76 0.00
3B4 436,583.76 0.00
3B5 291,055.84 0.00
3B6 291,302.93 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 1,131,466,729.99 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/01
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
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 273,855,468.51 6.750000% 060506P22 18.741221 5.524408 963.375779
A2 81,969,558.45 6.750000% 060506P30 16.738182 5.535159 967.290130
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 12,738,567.47 6.750000% 060506P63 0.000000 0.000000 1,022.690557
A6 9,787,432.53 6.750000% 060506P71 7.165444 5.505431 971.577809
A7 25,000,000.00 6.000000% 060506P89 0.000000 5.000000 1,000.000000
A8 45,614,897.75 3.270000% 060506P97 39.646748 2.656732 935.300769
A9 11,826,085.11 20.172857% 060506Q21 39.646748 16.389564 935.300769
A10 349,562.07 6.750000% 060506Q39 243.427624 1.369280 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 32,745,000.00 5.750000% 060506Q88 0.000000 4.791667 1,000.000000
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 8,006,296.30 6.750000% 060506R38 0.000000 5.625001 1,000.000162
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 0.000000 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 290,106,475.67 6.500000% 060506R79 35.451167 5.258718 935.389056
3A1 115,566,896.20 6.750000% 060506R87 4.540530 5.552826 982.628543
3A2 8,877,132.00 6.750000% 060506R95 0.000000 0.000000 1,022.690557
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 3,356,344.03 0.000000% 060506S37 1.404200 0.000000 993.658724
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,234,584.57 6.750000% 060506S45 0.813199 5.611508 996.788283
B2 5,398,021.62 6.750000% 060506S52 0.813199 5.611508 996.788283
B3 2,879,077.88 6.750000% 060506S60 0.813199 5.611508 996.788283
B4 1,799,673.07 6.750000% 060506T51 0.813199 5.611508 996.788283
B5 1,439,538.94 6.750000% 060506T69 0.813199 5.611508 996.788283
B6 1,439,524.03 6.750000% 060506T77 0.813199 5.611508 996.788283
2B1 1,956,714.03 6.500000% 060506S78 3.306061 5.363799 986.933834
2B2 1,053,615.25 6.500000% 060506S86 3.306061 5.363799 986.933834
2B3 602,065.86 6.500000% 060506S94 3.306061 5.363799 986.933834
2B4 301,032.93 6.500000% 060506T85 3.306061 5.363799 986.933834
2B5 301,032.93 6.500000% 060506T93 3.306061 5.363799 986.933834
2B6 301,732.69 6.500000% 060506U26 3.306062 5.363801 986.934038
3B1 2,835,134.21 6.750000% 060506T28 0.817597 5.611411 996.766572
3B2 800,062.50 6.750000% 060506T36 0.817597 5.611411 996.766572
3B3 436,941.87 6.750000% 060506T44 0.817597 5.611411 996.766572
3B4 436,941.87 6.750000% 060506U34 0.817597 5.611411 996.766572
3B5 291,294.58 6.750000% 060506U42 0.817597 5.611411 996.766572
3B6 291,541.87 6.750000% 060506U59 0.817597 5.611411 996.766572
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 1,151,891,950.47 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 703,081,093.40 284,496,962.73 143,888,674.14 1,131,466,730.27
Loan count 1695 628 341 2664
Avg loan rate 7.242534% 6.960958% 7.241759% 7.17
Prepay amount 8,747,704.37 9,625,115.45 367,829.14 18,740,648.96
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 287,685.30 101,626.13 60,283.68 449,595.11
Sub servicer fees 0.00 0.00 0.00 0.00
Trustee fees 1,187.35 491.85 240.62 1,919.82
Agg advances N/A N/A N/A N/A
Adv this period 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 7,213,603.79 3,038,703.84 1,457,422.73 11,709,730.36
Special Hazard 7,213,603.79 7,213,603.79 7,213,603.79 21,640,811.37
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 96.982361% 100.000000% 1,117,093,419.79
-----------------------------------------------------------------------------
Junior 3.017639% 0.000000% 34,758,745.42
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 4,158,054.28
60 to 89 days 1 317,952.96
90 or more 1 623,812.39
Foreclosure 0 0.00
Totals: 12 5,099,819.63
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 26,824,353.55 26,824,353.55
Principal remittance amount 20,546,808.79 20,546,808.79
Interest remittance amount 6,277,544.76 6,277,544.76