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): February 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5)
(Exact name of registrant as specified in charter)
North Carolina 333-80941 13-4147977/78
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. 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 2001-5
On February 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-5, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of April 1, 2001, among BOA as Depositor, BANK OF
AMERICA MORTGAGE SECURITIES, 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 2001-5 relating to the distribution date of February
25, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of April 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: February 25, 2002
BOA
By: /s/ Brian Morro
------------------------------
Name: Brian Morro
Assistant Treasurer
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated February 25, 2002
Payment Date: 02/25/02
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
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 57,266,846.73 6.750000% 3,165,841.09 322,126.01 3,487,967.10 0.00 0.00
A2 345,614.17 6.750000% 18,396.53 1,944.08 20,340.61 0.00 0.00
A3 135,864,952.16 6.750000% 7,640,621.69 764,240.36 8,404,862.05 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 31,505.63 31,505.63 0.00 0.00
A5 1,000,000.00 6.750000% 0.00 5,625.00 5,625.00 0.00 0.00
A6 3,393,000.00 7.000000% 0.00 19,792.50 19,792.50 0.00 0.00
A7 2,447,000.00 7.000000% 0.00 14,274.17 14,274.17 0.00 0.00
A8 5,772,000.00 7.000000% 0.00 33,670.00 33,670.00 0.00 0.00
A9 4,796,000.00 7.000000% 0.00 27,976.67 27,976.67 0.00 0.00
A10 16,408,000.00 6.500000% 0.00 88,876.67 88,876.67 0.00 0.00
A11 35,384,437.79 7.000000% 1,741,582.34 206,409.22 1,947,991.56 0.00 0.00
A12 35,384,437.79 6.500000% 1,741,582.34 191,665.70 1,933,248.05 0.00 0.00
A13 6,944,897.66 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 1,998,380.37 6.750000% 0.00 0.00 0.00 0.00 0.00
A15 50,000,000.00 6.750000% 0.00 281,250.00 281,250.00 0.00 0.00
A16 169,175.65 6.750000% 6,652.00 951.61 7,603.61 0.00 0.00
APO 143,942.25 0.000000% 144.19 0.00 144.19 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,195,984.54 6.750000% 6,609.74 46,102.41 52,712.16 0.00 0.00
B2 3,726,079.49 6.750000% 3,004.94 20,959.20 23,964.14 0.00 0.00
B3 2,235,449.07 6.750000% 1,802.80 12,574.40 14,377.20 0.00 0.00
B4 1,242,357.53 6.750000% 1,001.91 6,988.26 7,990.17 0.00 0.00
B5 994,084.64 6.750000% 801.69 5,591.73 6,393.42 0.00 0.00
B6 994,248.71 6.750000% 801.82 5,592.65 6,394.47 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 380,307,888.52 - 14,328,843.10 2,088,116.34 16,416,959.44 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 54,101,005.64 0.00
A2 327,217.64 0.00
A3 128,224,330.47 0.00
A4 5,601,000.00 0.00
A5 1,000,000.00 0.00
A6 3,393,000.00 0.00
A7 2,447,000.00 0.00
A8 5,772,000.00 0.00
A9 4,796,000.00 0.00
A10 16,408,000.00 0.00
A11 33,642,855.44 0.00
A12 33,642,855.44 0.00
A13 6,983,962.71 0.00
A14 2,009,621.25 0.00
A15 50,000,000.00 0.00
A16 162,523.65 0.00
APO 143,798.07 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,189,374.80 0.00
B2 3,723,074.55 0.00
B3 2,233,646.27 0.00
B4 1,241,355.61 0.00
B5 993,282.95 0.00
B6 993,446.88 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 366,029,351.36 -
- --------------------------------------------------------------------------------
Payment Date: 02/25/02
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
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 57,266,846.73 6.750000% 060506XZ0 37.760960 3.842198 645.296409
A2 345,614.17 6.750000% 060506YA4 36.793061 3.888159 654.435277
A3 135,864,952.16 6.750000% 060506YB2 38.203108 3.821202 641.121652
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.625000 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 0.000000 5.625000 1,000.000000
A6 3,393,000.00 7.000000% 060506YE6 0.000000 5.833333 1,000.000000
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.833333 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.833333 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.833333 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 0.000000 5.416667 1,000.000000
A11 35,384,437.79 7.000000% 060506YK2 34.831647 4.128184 672.857109
A12 35,384,437.79 6.500000% 060506YL0 34.831647 3.833314 672.857109
A13 6,944,897.66 6.750000% 060506YM8 0.000000 0.000000 1,057.695397
A14 1,998,380.37 6.750000% 060506YN6 0.000000 0.000000 1,057.695397
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 169,175.65 6.750000% 060506YQ9 29.564441 4.229391 722.327319
APO 143,942.25 0.000000% 060506YR7 0.992833 0.000000 990.149295
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,195,984.54 6.750000% 060506YT3 0.800890 5.586140 992.290657
B2 3,726,079.49 6.750000% 060506YU0 0.800890 5.586140 992.290657
B3 2,235,449.07 6.750000% 060506YV8 0.800890 5.586140 992.290657
B4 1,242,357.53 6.750000% 060506YW6 0.800890 5.586140 992.290657
B5 994,084.64 6.750000% 060506YX4 0.800890 5.586140 992.290657
B6 994,248.71 6.750000% 060506YY2 0.800890 5.586140 992.290686
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 380,307,888.52 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 366,029,351.32 366,029,351.32
Loan count 897 897
Avg loan rate 7.522861% 7.52
Prepay amount 13,971,818.11 13,971,818.11
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 216,831.78 216,831.78
Sub servicer fees 0.00 0.00
Trustee fees 1,109.23 1,109.23
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 5,001,384.94 5,001,384.94
Special Hazard 3,803,078.88 3,803,078.88
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.431380% 100.000000% 362,919,684.55
-----------------------------------------------------------------------------
Junior 4.568620% 0.000000% 17,374,181.06
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 3,176,061.91
60 to 89 days 1 311,148.96
90 or more 1 346,837.99
Foreclosure 1 319,558.09
Totals: 10 4,153,606.95
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 16,416,959.44 16,416,959.44
Principal remittance amount 14,328,843.10 14,328,843.10
Interest remittance amount 2,088,116.34 2,088,116.34