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): January 25, 2002
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1999-2)
(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 Tryon St., 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
BOA
Mortgage Pass-Through Certificates
Series 1999-2
On January 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 1999-2, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of March 1, 1999, 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 1999-2 relating to the distribution date of January
25, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of March 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: January 25, 2002
BOA
By: /s/ Courtney Bartholomew
------------------------------
Name: Courtney Bartholomew
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
Payment Date: 01/25/02
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 1999-2
BANK OF AMERICA, FSB, 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 A-1 61,828,788.95 6.500000% 4,777,995.08 334,905.94 5,112,901.02 0.00 0.00
A-2 67,776,042.54 6.500000% 4,033,561.05 367,120.23 4,400,681.28 0.00 0.00
A-3 26,800,000.00 6.500000% 0.00 145,166.67 145,166.67 0.00 0.00
A-4 4,826,000.00 6.500000% 0.00 26,140.83 26,140.83 0.00 0.00
A-5 7,621,000.00 6.500000% 0.00 41,280.42 41,280.42 0.00 0.00
A-6 6,009,000.00 6.500000% 0.00 32,548.75 32,548.75 0.00 0.00
A-7 8,456,429.00 6.900000% 0.00 48,624.47 48,624.47 0.00 0.00
A-8 3,382,571.00 5.500000% 0.00 15,503.45 15,503.45 0.00 0.00
A-9 236,011.77 6.500000% 11,138.90 1,278.40 12,417.30 0.00 0.00
A-10 8,487,947.40 6.500000% 3,385,224.30 0.00 3,385,224.30 0.00 0.00
A-11 23,315,173.97 5.750000% 1,474,021.99 111,718.54 1,585,740.53 0.00 0.00
A-12 48,883,000.00 5.900000% 0.00 240,341.42 240,341.42 0.00 0.00
A-13 39,583,090.54 6.350000% 2,997,775.69 209,460.52 3,207,236.21 0.00 0.00
PAC IO A 41,084,408.18 7.784031% 0.00 70,763.04 70,763.04 0.00 0.00
A-PO 650,445.58 0.000000% 1,340.59 0.00 1,340.59 0.00 0.00
Residual A-R 0.00 6.500000% 0.00 8.06 8.06 0.00 0.00
A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B-1 10,426,439.53 6.500000% 11,622.69 56,476.55 68,099.23 0.00 0.00
B-2 3,637,130.18 6.500000% 4,054.43 19,701.12 23,755.55 0.00 0.00
B-3 1,697,328.06 6.500000% 1,892.07 9,193.86 11,085.93 0.00 0.00
B-4 1,697,328.06 6.500000% 1,892.07 9,193.86 11,085.93 0.00 0.00
B-5 969,902.03 6.500000% 1,081.18 5,253.64 6,334.82 0.00 0.00
B-6 970,276.13 6.500000% 1,081.60 5,255.66 6,337.26 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 368,338,312.91 - 16,702,681.62 1,749,935.42 18,452,617.04 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A-1 57,050,793.87 0.00
A-2 63,742,481.48 0.00
A-3 26,800,000.00 0.00
A-4 4,826,000.00 0.00
A-5 7,621,000.00 0.00
A-6 6,009,000.00 0.00
A-7 8,456,429.00 0.00
A-8 3,382,571.00 0.00
A-9 224,872.87 0.00
A-10 5,148,699.48 0.00
A-11 21,841,151.98 0.00
A-12 48,883,000.00 0.00
A-13 36,585,314.85 0.00
PAC IO A 41,280,147.06 0.00
A-PO 649,104.99 0.00
Residual A-R 0.00 0.00
A-LR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B-1 10,414,816.84 0.00
B-2 3,633,075.75 0.00
B-3 1,695,436.00 0.00
B-4 1,695,436.00 0.00
B-5 968,820.85 0.00
B-6 969,194.53 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 351,877,346.55 -
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Payment Date: 01/25/02
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 1999-2
BANK OF AMERICA, FSB, 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 A-1 61,828,788.95 6.500000% 060506BK7 47.779951 3.349059 570.507939
A-2 67,776,042.54 6.500000% 060506BL5 40.335611 3.671202 637.424815
A-3 26,800,000.00 6.500000% 060506BM3 0.000000 5.416667 1,000.000000
A-4 4,826,000.00 6.500000% 060506BN1 0.000000 5.416667 1,000.000000
A-5 7,621,000.00 6.500000% 060506BP6 0.000000 5.416667 1,000.000000
A-6 6,009,000.00 6.500000% 060506BQ4 0.000000 5.416667 1,000.000000
A-7 8,456,429.00 6.900000% 060506BR2 0.000000 5.750000 1,000.000000
A-8 3,382,571.00 5.500000% 060506BS0 0.000000 4.583333 1,000.000000
A-9 236,011.77 6.500000% 060506BT8 34.273541 3.933529 691.916511
A-10 8,487,947.40 6.500000% 060506BU5 302.279159 0.000000 459.746360
A-11 23,315,173.97 5.750000% 060506BV3 29.154493 2.209667 431.993354
A-12 48,883,000.00 5.900000% 060506BW1 0.000000 4.916667 1,000.000000
A-13 39,583,090.54 6.350000% 060506BX9 39.254857 2.742815 479.072307
PAC IO A 41,084,408.18 7.784031% 060506BY7 0.000000 2.011228 1,173.264753
A-PO 650,445.58 0.000000% 060506BZ4 1.789920 0.000000 866.667012
Residual A-R 0.00 6.500000% 060506CA8 0.000000 80.648575 0.000000
A-LR 0.00 6.500000% 060506CB6 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B-1 10,426,439.53 6.500000% 060506CC4 1.080366 5.249678 968.090906
B-2 3,637,130.18 6.500000% 060506CD2 1.080366 5.249678 968.090906
B-3 1,697,328.06 6.500000% 060506CE0 1.080366 5.249678 968.090906
B-4 1,697,328.06 6.500000% 060506CF7 1.080366 5.249678 968.090906
B-5 969,902.03 6.500000% 060506CQ5 1.080366 5.249678 968.090906
B-6 970,276.13 6.500000% 060506CH3 1.080365 5.249674 968.090162
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 368,338,312.91 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 1999-2
BANK OF AMERICA, FSB, MASTER SERVICER
------------------------------------------------------------
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COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 351,878,817.93 351,878,817.93
Loan count 1078 1078
Avg loan rate 7.144975% 7.14
Prepay amount 16,050,325.04 16,050,325.04
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 162,972.47 162,972.47
Sub servicer fees 0.00 0.00
Trustee fees 1,074.32 1,074.32
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 5,003,766.00 5,003,766.00
Special Hazard 3,683,397.84 3,683,397.84
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.739098% 100.000000% 348,939,908.93
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Junior 5.260902% 0.000000% 19,376,779.97
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 3,536,333.71
60 to 89 days 1 370,240.45
90 or more 1 248,159.00
Foreclosure 0 0.00
Totals: 11 4,154,733.16
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 18,452,617.04 18,452,617.04
Principal remittance amount 16,702,681.62 16,702,681.62
Interest remittance amount 1,749,935.42 1,749,935.42