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
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9)
(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 1999-9
On November 25, 2001, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-9, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of August 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 1999-9 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 August 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: November 25, 2001
BAMS
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 1999-9
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 12,909,651.73 7.000000% 848,975.91 75,306.30 924,282.21 0.00 0.00
A2 33,477,715.34 7.000000% 1,978,326.19 195,286.67 2,173,612.86 0.00 0.00
A3 87,808,250.20 7.000000% 5,035,263.46 512,214.79 5,547,478.25 0.00 0.00
A4 20,262,809.07 7.000000% 135,713.61 118,199.72 253,913.33 0.00 0.00
A5 39,333,000.00 7.000000% 0.00 229,442.50 229,442.50 0.00 0.00
A6 23,265,190.93 7.000000% 0.00 0.00 0.00 0.00 0.00
A7 14,647,000.00 7.000000% 0.00 85,440.83 85,440.83 0.00 0.00
A8 40,000,000.00 7.000000% 0.00 233,333.33 233,333.33 0.00 0.00
A9 39,000,000.00 7.000000% 0.00 227,500.00 227,500.00 0.00 0.00
A10 1,000,000.00 7.000000% 0.00 5,833.33 5,833.33 0.00 0.00
APO 4,412,629.60 0.000000% 66,959.00 0.00 66,959.00 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,365,916.76 7.000000% 10,458.41 60,467.85 70,926.26 0.00 0.00
B2 2,934,192.48 7.000000% 2,960.37 17,116.12 20,076.50 0.00 0.00
B3 1,565,293.49 7.000000% 1,579.26 9,130.88 10,710.14 0.00 0.00
B4 1,174,458.66 7.000000% 1,184.94 6,851.01 8,035.95 0.00 0.00
B5 782,646.75 7.000000% 789.63 4,565.44 5,355.07 0.00 0.00
B6 783,029.85 7.000000% 790.02 4,567.67 5,357.69 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 333,721,784.87 - 8,083,000.80 1,785,256.46 9,868,257.26 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 12,060,675.82 0.00
A2 31,499,389.16 0.00
A3 82,772,986.74 0.00
A4 20,127,095.46 0.00
A5 39,333,000.00 0.00
A6 23,400,904.54 0.00
A7 14,647,000.00 0.00
A8 40,000,000.00 0.00
A9 39,000,000.00 0.00
A10 1,000,000.00 0.00
APO 4,345,670.60 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,355,458.35 0.00
B2 2,931,232.11 0.00
B3 1,563,714.23 0.00
B4 1,173,273.72 0.00
B5 781,857.12 0.00
B6 782,239.84 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 325,774,497.68 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
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 12,909,651.73 7.000000% 060506HP0 42.448796 3.765315 603.033791
A2 33,477,715.34 7.000000% 060506HQ8 39.566524 3.905733 629.987783
A3 87,808,250.20 7.000000% 060506HR6 38.774254 3.944331 637.396807
A4 20,262,809.07 7.000000% 060506HS4 5.768175 5.023790 855.452884
A5 39,333,000.00 7.000000% 060506HT2 0.000000 5.833333 1,000.000000
A6 23,265,190.93 7.000000% 060506HU9 0.000000 0.000000 1,170.045227
A7 14,647,000.00 7.000000% 060506HV7 0.000000 5.833333 1,000.000000
A8 40,000,000.00 7.000000% 060506HW5 0.000000 5.833333 1,000.000000
A9 39,000,000.00 7.000000% 060506HX3 0.000000 5.833333 1,000.000000
A10 1,000,000.00 7.000000% 060506HY1 0.000000 5.833333 1,000.000000
APO 4,412,629.60 0.000000% 060506HZ8 13.530519 0.000000 878.137062
Residual AR 0.00 7.000000% 060506JA1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,365,916.76 7.000000% 060506JB9 0.985806 5.699675 976.101268
B2 2,934,192.48 7.000000% 060506JC7 0.985806 5.699675 976.101268
B3 1,565,293.49 7.000000% 060506JR4 0.985806 5.699675 976.101268
B4 1,174,458.66 7.000000% 060506JD5 0.985806 5.699675 976.101268
B5 782,646.75 7.000000% 060506JE3 0.985806 5.699675 976.101268
B6 783,029.85 7.000000% 060506JF0 0.985806 5.699675 976.101268
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 333,721,784.87 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 325,774,487.02 325,774,487.02
Loan count 955 955
Avg loan rate 7.254055% 7.25
Prepay amount 7,610,469.68 7,610,469.68
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 85,935.79 85,935.79
Sub servicer fees 0.00 0.00
Trustee fees 1,112.41 1,112.41
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 4,003,362.30 4,003,362.30
Special Hazard 3,337,217.74 3,337,217.74
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.729529% 100.000000% 316,116,246.87
-----------------------------------------------------------------------------
Junior 5.270471% 0.000000% 17,587,775.36
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 2,468,572.93
60 to 89 days 3 936,230.23
90 or more 1 295,002.77
Foreclosure 0 0.00
Totals: 11 3,699,805.93
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 9,868,257.26 9,868,257.26
Principal remittance amount 8,083,000.80 8,083,000.80
Interest remittance amount 1,785,256.46 1,785,256.46