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): March 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-3)
(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 2001-3
On March 25, 2002, 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 March 25,
2002 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: March 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 March 25, 2002
Payment Date: 03/25/02
------------------------------------------------------------
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 132,668,243.34 7.000000% 19,271,646.44 773,898.09 20,045,544.52 0.00 0.00
A2 257,377.29 7.000000% 22,464.10 1,501.37 23,965.46 0.00 0.00
A3 12,809,201.76 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 133,006.34 0.000000% 148.34 0.00 148.34 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.03 0.03 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,601,611.89 7.000000% 7,622.17 56,009.40 63,631.57 0.00 0.00
B2 3,349,653.24 7.000000% 2,659.10 19,539.64 22,198.74 0.00 0.00
B3 2,009,593.56 7.000000% 1,595.30 11,722.63 13,317.93 0.00 0.00
B4 1,116,881.71 7.000000% 886.63 6,515.14 7,401.77 0.00 0.00
B5 893,703.75 7.000000% 709.46 5,213.27 5,922.73 0.00 0.00
B6 893,468.48 7.000000% 709.27 5,211.90 5,921.17 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 238,199,741.36 - 19,308,440.80 1,314,002.30 20,622,443.11 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 113,396,596.90 0.00
A2 234,913.19 0.00
A3 12,883,922.10 0.00
A4 29,467,000.00 0.00
A5 45,000,000.00 0.00
APO 132,858.00 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 9,593,989.72 0.00
B2 3,346,994.14 0.00
B3 2,007,998.26 0.00
B4 1,115,995.08 0.00
B5 892,994.29 0.00
B6 892,759.21 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 218,966,020.90 -
- --------------------------------------------------------------------------------
Payment Date: 03/25/02
------------------------------------------------------------
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 132,668,243.34 7.000000% 06423JAA2 55.848513 2.242728 328.619112
A2 257,377.29 7.000000% 06423JAB0 44.483359 2.973005 465.174637
A3 12,809,201.76 7.000000% 06423JAC8 0.000000 0.000000 1,072.230534
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 133,006.34 0.000000% 06423JAF1 1.096048 0.000000 981.673265
Residual AR 0.00 7.000000% 06423JAG9 0.000000 0.259786 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 9,601,611.89 7.000000% 06423JAH7 0.787414 5.786095 991.114640
B2 3,349,653.24 7.000000% 06423JAJ3 0.787414 5.786095 991.114640
B3 2,009,593.56 7.000000% 06423JAK0 0.787414 5.786095 991.114640
B4 1,116,881.71 7.000000% 06423JAL8 0.787414 5.786095 991.114640
B5 893,703.75 7.000000% 06423JAM6 0.787414 5.786095 991.114640
B6 893,468.48 7.000000% 06423JAN4 0.787415 5.786098 991.115069
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 238,199,741.36 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
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 218,966,020.47 218,966,020.47
Loan count 552 552
Avg loan rate 7.842730% 7.84
Prepay amount 19,044,607.03 19,044,607.03
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 122,223.31 122,223.31
Sub servicer fees 0.00 0.00
Trustee fees 794.00 794.00
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 92.505536% 100.000000% 220,334,828.72
-----------------------------------------------------------------------------
Junior 7.494464% 0.000000% 17,850,730.70
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 3,984,580.76
60 to 89 days 2 768,290.18
90 or more 2 608,609.65
Foreclosure 2 873,819.63
Totals: 16 6,235,300.22
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 20,622,443.11 20,622,443.11
Principal remittance amount 19,308,440.80 19,308,440.80
Interest remittance amount 1,314,002.30 1,314,002.30