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): December 25, 2001
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-3)
(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
BOA
MORTGAGE PASS-THROUGH CERTIFICATES
Series 2001-3
On December 25, 2001, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-3, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 1, 2001, among BOA 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 BOA, MORTGAGE PASS-THROUGH CERTIFICATES
Series 2001-3 relating to the distribution date of December
25, 2001 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of March 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: December 25, 2001
BOA
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 12/25/01
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-3
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 218,792,098.94 7.000000% 30,633,743.50 1,276,287.24 31,910,030.74 0.00 0.00
A2 357,900.30 7.000000% 35,761.44 2,087.75 37,849.19 0.00 0.00
A3 12,588,329.79 7.000000% 0.00 0.00 0.00 0.00 0.00
A4 29,467,000.00 7.000000% 0.00 171,890.83 171,890.83 0.00 0.00
A5 45,000,000.00 7.000000% 0.00 262,500.00 262,500.00 0.00 0.00
APO 134,020.88 0.000000% 140.40 0.00 140.40 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,623,892.75 7.000000% 7,309.59 56,139.37 63,448.97 0.00 0.00
B2 3,357,426.22 7.000000% 2,550.05 19,584.99 22,135.04 0.00 0.00
B3 2,014,256.89 7.000000% 1,529.88 11,749.83 13,279.71 0.00 0.00
B4 1,119,473.47 7.000000% 850.27 6,530.26 7,380.53 0.00 0.00
B5 895,777.62 7.000000% 680.37 5,225.37 5,905.74 0.00 0.00
B6 895,541.74 7.000000% 680.12 5,223.99 5,904.12 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 324,245,718.61 - 30,683,245.63 1,817,219.65 32,500,465.27 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 188,158,355.44 0.00
A2 322,138.86 0.00
A3 12,661,761.71 0.00
A4 29,467,000.00 0.00
A5 45,000,000.00 0.00
APO 133,880.48 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 9,616,583.16 0.00
B2 3,354,876.17 0.00
B3 2,012,727.01 0.00
B4 1,118,623.21 0.00
B5 895,097.25 0.00
B6 894,861.62 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 293,635,904.91 -
- --------------------------------------------------------------------------------
Payment Date: 12/25/01
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-3
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 218,792,098.94 7.000000% 06423JAA2 88.775447 3.698633 545.275902
A2 357,900.30 7.000000% 06423JAB0 70.814738 4.134162 637.898731
A3 12,588,329.79 7.000000% 06423JAC8 0.000000 0.000000 1,053.741820
A4 29,467,000.00 7.000000% 06423JAD6 0.000000 5.833333 1,000.000000
A5 45,000,000.00 7.000000% 06423JAE4 0.000000 5.833333 1,000.000000
APO 134,020.88 0.000000% 06423JAF1 1.037395 0.000000 989.228230
Residual AR 0.00 7.000000% 06423JAG9 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,623,892.75 7.000000% 06423JAH7 0.755123 5.799522 993.448673
B2 3,357,426.22 7.000000% 06423JAJ3 0.755123 5.799522 993.448673
B3 2,014,256.89 7.000000% 06423JAK0 0.755123 5.799522 993.448673
B4 1,119,473.47 7.000000% 06423JAL8 0.755123 5.799522 993.448673
B5 895,777.62 7.000000% 06423JAM6 0.755123 5.799522 993.448673
B6 895,541.74 7.000000% 06423JAN4 0.755054 5.799524 993.449102
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 324,245,718.61 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-3
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 293,635,904.48 293,635,904.48
Loan count 744 744
Avg loan rate 7.886413% 7.89
Prepay amount 30,363,521.14 30,363,521.14
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 190,192.44 190,192.44
Sub servicer fees 0.00 0.00
Trustee fees 1,080.82 1,080.82
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 94.481494% 100.000000% 306,339,349.91
-----------------------------------------------------------------------------
Junior 5.518506% 0.000000% 17,892,768.41
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 3,122,224.44
60 to 89 days 0 0.00
90 or more 2 803,784.70
Foreclosure 1 289,241.90
Totals: 12 4,215,251.04
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 32,500,465.27 32,500,465.27
Principal remittance amount 30,683,245.63 30,683,245.63
Interest remittance amount 1,817,219.65 1,817,219.65