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-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
BOA
Mortgage Pass-Through Certificates
Series 2001-b
On December 25, 2001, The Bank of New York, as Trustee for BOA, 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 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-b 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 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: 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-b
Bank of America, NA, Master Servicer
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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 122,541,643.76 5.249000% 48,646,255.35 536,017.57 49,182,272.93 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 594,829,396.01 0.289899% 0.00 143,700.60 143,700.60 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 10,093,696.81 6.250000% 8,819.64 52,571.34 61,390.97 0.00 0.00
B2 5,980,602.42 6.250000% 5,225.71 31,148.97 36,374.68 0.00 0.00
B3 4,112,099.45 6.250000% 3,593.06 21,417.18 25,010.24 0.00 0.00
B4 1,868,502.97 6.250000% 1,632.65 9,731.79 11,364.44 0.00 0.00
B5 1,869,497.91 6.250000% 1,633.52 9,736.97 11,370.49 0.00 0.00
B6 2,243,352.69 6.250000% 1,960.19 11,684.13 13,644.32 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 594,829,396.01 - 48,669,120.12 3,108,954.16 51,778,074.28 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 73,895,388.40 0.00
A2 220,313,000.00 0.00
A3 225,807,000.00 0.00
AIO 546,160,275.89 0.00
Residual ALR 0.00 0.00
AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,084,877.18 0.00
B2 5,975,376.71 0.00
B3 4,108,506.40 0.00
B4 1,866,870.31 0.00
B5 1,867,864.39 0.00
B6 2,241,392.50 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 546,160,275.89 -
- --------------------------------------------------------------------------------
Payment Date: 12/25/01
------------------------------------------------------------
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 122,541,643.76 5.249000% 060506ZJ4 174.355589 1.921169 264.852327
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 594,829,396.01 0.289899% 060506ZM7 0.000000 0.191237 726.830926
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 10,093,696.81 6.250000% 060506ZQ8 0.869358 5.181995 994.073650
B2 5,980,602.42 6.250000% 060506ZR6 0.869358 5.181995 994.073650
B3 4,112,099.45 6.250000% 060506ZS4 0.869358 5.181995 994.073650
B4 1,868,502.97 6.250000% 060506ZT2 0.869358 5.181995 994.073650
B5 1,869,497.91 6.250000% 060506ZU9 0.869358 5.181995 994.073650
B6 2,243,352.69 6.250000% 060506ZV7 0.869358 5.181996 994.073778
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 594,829,396.01 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
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 546,160,275.59 546,160,275.59
Loan count 1161 1161
Avg loan rate 7.017958% 7.02
Prepay amount 48,149,372.16 48,149,372.16
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 277,787.59 277,787.59
Sub servicer fees 0.00 0.00
Trustee fees 991.38 991.38
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 15,028,537.09 15,028,537.09
Special Hazard 12,675,990.67 12,675,990.67
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.604472% 100.000000% 568,661,643.76
-----------------------------------------------------------------------------
Junior 4.395528% 0.000000% 26,144,887.49
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 8 4,324,353.72
60 to 89 days 1 382,971.46
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 9 4,707,325.18
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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
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 51,778,074.28 51,778,074.28
Principal remittance amount 48,669,120.12 48,669,120.12
Interest remittance amount 3,108,954.16 3,108,954.16