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): April 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2)
(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 2001-2
On April 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-2, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of February 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 2001-2 relating to the distribution date of April 25,
2002 prepared by The Bank of New York, as Trustee under the
Pooling and Servicing Agreement dated as of February 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: April 25, 2002
BOA
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated April 25, 2002
Payment Date: 04/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
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 70,486,516.54 7.000000% 23,780,726.40 402,372.61 24,183,099.02 0.00 8,798.73
A2 55,000,000.00 7.000000% 0.00 313,967.76 313,967.76 0.00 6,865.57
A3 16,385,413.62 7.000000% 0.00 0.00 0.00 0.00 2,045.37
A4 9,363,000.00 6.750000% 0.00 51,539.85 51,539.85 0.00 1,127.03
A5 3,518,000.00 7.000000% 0.00 20,082.52 20,082.52 0.00 439.15
A6 3,646,000.00 7.000000% 0.00 20,813.21 20,813.21 0.00 455.13
A7 3,302,000.00 7.250000% 0.00 19,522.68 19,522.68 0.00 426.90
A8 3,302,000.00 6.750000% 0.00 18,176.29 18,176.29 0.00 397.46
A9 2,981,000.00 7.000000% 0.00 17,017.05 17,017.05 0.00 372.11
A10 3,251,000.00 7.000000% 0.00 18,558.35 18,558.35 0.00 405.82
A11 2,565,000.00 7.250000% 0.00 15,165.25 15,165.25 0.00 331.62
A12 2,659,000.00 7.250000% 0.00 15,721.02 15,721.02 0.00 343.77
A13 1,640,000.00 7.250000% 0.00 9,696.30 9,696.30 0.00 212.03
A14 3,176,000.00 7.250000% 0.00 18,777.72 18,777.72 0.00 410.61
A15 2,174,000.00 7.250000% 0.00 12,853.51 12,853.51 0.00 281.07
A16 2,373,000.00 7.250000% 0.00 14,030.08 14,030.08 0.00 306.80
A17 12,398,708.21 7.000000% 5,752,901.80 70,778.08 5,823,679.89 0.00 1,547.71
A18 253,000.00 7.000000% 0.00 1,444.25 1,444.25 0.00 31.58
A19 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A20 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A21 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A22 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A23 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A24 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A25 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A26 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A27 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A28 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A29 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A30 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A31 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A32 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A33 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A34 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A35 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A36 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A37 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A38 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A39 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A40 200,000.00 7.000000% 0.00 1,141.70 1,141.70 0.00 24.97
A41 2,565,000.00 6.750000% 0.00 14,119.37 14,119.37 0.00 308.75
A42 2,659,000.00 6.750000% 0.00 14,636.81 14,636.81 0.00 320.06
APO 50,613.76 0.000000% 30,652.14 0.00 30,652.14 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,720,512.67 7.000000% 9,423.84 66,906.60 76,330.45 0.00 1,463.06
B2 4,088,758.24 7.000000% 3,287.55 23,340.70 26,628.25 0.00 510.39
B3 2,453,453.05 7.000000% 1,972.69 14,005.55 15,978.24 0.00 306.26
B4 1,362,919.41 7.000000% 1,095.85 7,780.23 8,876.08 0.00 170.13
B5 1,090,533.63 7.000000% 876.84 6,225.32 7,102.16 0.00 136.13
B6 1,090,593.84 7.000000% 876.89 6,225.66 7,102.55 0.00 136.14
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 229,955,022.98 - 29,581,814.02 1,218,874.20 30,800,688.22 - 28,698.64
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 46,705,790.13 8,798.73
A2 55,000,000.00 6,865.57
A3 16,478,949.83 2,045.37
A4 9,363,000.00 1,127.03
A5 3,518,000.00 439.15
A6 3,646,000.00 455.13
A7 3,302,000.00 426.90
A8 3,302,000.00 397.46
A9 2,981,000.00 372.11
A10 3,251,000.00 405.82
A11 2,565,000.00 331.62
A12 2,659,000.00 343.77
A13 1,640,000.00 212.03
A14 3,176,000.00 410.61
A15 2,174,000.00 281.07
A16 2,373,000.00 306.80
A17 6,645,806.41 1,547.71
A18 253,000.00 31.58
A19 200,000.00 24.97
A20 200,000.00 24.97
A21 200,000.00 24.97
A22 200,000.00 24.97
A23 200,000.00 24.97
A24 200,000.00 24.97
A25 200,000.00 24.97
A26 200,000.00 24.97
A27 200,000.00 24.97
A28 200,000.00 24.97
A29 200,000.00 24.97
A30 200,000.00 24.97
A31 200,000.00 24.97
A32 200,000.00 24.97
A33 200,000.00 24.97
A34 200,000.00 24.97
A35 200,000.00 24.97
A36 200,000.00 24.97
A37 200,000.00 24.97
A38 200,000.00 24.97
A39 200,000.00 24.97
A40 200,000.00 24.97
A41 2,565,000.00 308.75
A42 2,659,000.00 320.06
APO 19,961.62 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 11,711,088.83 1,463.06
B2 4,085,470.69 510.39
B3 2,451,480.35 306.26
B4 1,361,823.56 170.13
B5 1,089,656.79 136.13
B6 1,089,716.95 136.14
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 200,466,745.17 28,698.64
- --------------------------------------------------------------------------------
Payment Date: 04/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
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 70,486,516.54 7.000000% 060506UE0 72.224546 1.222048 141.850356
A2 55,000,000.00 7.000000% 060506UF7 0.000000 5.708505 1,000.000000
A3 16,385,413.62 7.000000% 060506UG5 0.000000 0.000000 1,084.426812
A4 9,363,000.00 6.750000% 060506UH3 0.000000 5.504630 1,000.000000
A5 3,518,000.00 7.000000% 060506UJ9 0.000000 5.708505 1,000.000000
A6 3,646,000.00 7.000000% 060506UK6 0.000000 5.708505 1,000.000000
A7 3,302,000.00 7.250000% 060506UL4 0.000000 5.912380 1,000.000000
A8 3,302,000.00 6.750000% 060506UM2 0.000000 5.504630 1,000.000000
A9 2,981,000.00 7.000000% 060506UN0 0.000000 5.708505 1,000.000000
A10 3,251,000.00 7.000000% 060506UP5 0.000000 5.708505 1,000.000000
A11 2,565,000.00 7.250000% 060506UQ3 0.000000 5.912380 1,000.000000
A12 2,659,000.00 7.250000% 060506UR1 0.000000 5.912380 1,000.000000
A13 1,640,000.00 7.250000% 060506US9 0.000000 5.912380 1,000.000000
A14 3,176,000.00 7.250000% 060506UT7 0.000000 5.912380 1,000.000000
A15 2,174,000.00 7.250000% 060506UU4 0.000000 5.912380 1,000.000000
A16 2,373,000.00 7.250000% 060506UV2 0.000000 5.912380 1,000.000000
A17 12,398,708.21 7.000000% 060506UW0 76.705357 0.943708 88.610752
A18 253,000.00 7.000000% 060506UX8 0.000000 5.708505 1,000.000000
A19 200,000.00 7.000000% 060506UY6 0.000000 5.708505 1,000.000000
A20 200,000.00 7.000000% 060506UZ3 0.000000 5.708505 1,000.000000
A21 200,000.00 7.000000% 060506VA7 0.000000 5.708505 1,000.000000
A22 200,000.00 7.000000% 060506VB5 0.000000 5.708505 1,000.000000
A23 200,000.00 7.000000% 060506VC3 0.000000 5.708505 1,000.000000
A24 200,000.00 7.000000% 060506VD1 0.000000 5.708505 1,000.000000
A25 200,000.00 7.000000% 060506VE9 0.000000 5.708505 1,000.000000
A26 200,000.00 7.000000% 060506VF6 0.000000 5.708505 1,000.000000
A27 200,000.00 7.000000% 060506VG4 0.000000 5.708505 1,000.000000
A28 200,000.00 7.000000% 060506VH2 0.000000 5.708505 1,000.000000
A29 200,000.00 7.000000% 060506VJ8 0.000000 5.708505 1,000.000000
A30 200,000.00 7.000000% 060506VK5 0.000000 5.708505 1,000.000000
A31 200,000.00 7.000000% 060506VL3 0.000000 5.708505 1,000.000000
A32 200,000.00 7.000000% 060506VM1 0.000000 5.708505 1,000.000000
A33 200,000.00 7.000000% 060506VN9 0.000000 5.708505 1,000.000000
A34 200,000.00 7.000000% 060506VP4 0.000000 5.708505 1,000.000000
A35 200,000.00 7.000000% 060506VQ2 0.000000 5.708505 1,000.000000
A36 200,000.00 7.000000% 060506VR0 0.000000 5.708505 1,000.000000
A37 200,000.00 7.000000% 060506VS8 0.000000 5.708505 1,000.000000
A38 200,000.00 7.000000% 060506VT6 0.000000 5.708505 1,000.000000
A39 200,000.00 7.000000% 060506VU3 0.000000 5.708505 1,000.000000
A40 200,000.00 7.000000% 060506VV1 0.000000 5.708505 1,000.000000
A41 2,565,000.00 6.750000% 060506VW9 0.000000 5.504630 1,000.000000
A42 2,659,000.00 6.750000% 060506VX7 0.000000 5.504630 1,000.000000
APO 50,613.76 0.000000% 060506VY5 596.538691 0.000000 388.484267
Residual AR 0.00 7.000000% 060506VZ2 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,720,512.67 7.000000% 060506WA6 0.796404 5.654238 989.697357
B2 4,088,758.24 7.000000% 060506WB4 0.796404 5.654238 989.697357
B3 2,453,453.05 7.000000% 060506WC2 0.796404 5.654238 989.697357
B4 1,362,919.41 7.000000% 060506WD0 0.796404 5.654238 989.697357
B5 1,090,533.63 7.000000% 060506WE8 0.796404 5.654238 989.697357
B6 1,090,593.84 7.000000% 060506WF5 0.796404 5.654238 989.697357
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 229,955,022.98 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 200,466,744.34 200,466,744.34
Loan count 520 520
Avg loan rate 7.982426% 7.98
Prepay amount 29,303,372.26 29,303,372.26
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 111,280.17 111,280.17
Sub servicer fees 0.00 0.00
Trustee fees 670.70 670.70
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 100,000.00 100,000.00
Fraud 0.00 0.00
Special Hazard 2,299,550.22 2,299,550.22
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 90.523843% 100.000000% 208,148,252.13
-----------------------------------------------------------------------------
Junior 9.476157% 0.000000% 21,789,237.18
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 8 3,375,928.94
60 to 89 days 3 1,103,477.01
90 or more 3 947,903.53
Foreclosure 1 626,623.88
Totals: 15 6,053,933.36
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 30,800,688.22 30,800,688.22
Principal remittance amount 29,581,814.02 29,581,814.02
Interest remittance amount 1,218,874.20 1,218,874.20