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): May 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 May 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 May 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: May 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 May 25, 2002
Payment Date: 05/25/02
------------------------------------------------------------
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 47,918,670.64 6.750000% 3,860,276.29 269,542.52 4,129,818.81 0.00 0.00
A2 291,296.63 6.750000% 22,445.12 1,638.54 24,083.67 0.00 0.00
A3 113,302,762.54 6.750000% 9,314,187.09 637,328.04 9,951,515.13 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 30,242,246.82 7.000000% 2,124,858.76 176,413.11 2,301,271.87 0.00 0.00
A12 30,242,246.82 6.500000% 2,124,858.76 163,812.17 2,288,670.93 0.00 0.00
A13 7,062,753.27 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 2,032,293.08 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 149,534.97 6.750000% 8,115.93 841.13 8,957.06 0.00 0.00
APO 143,484.31 0.000000% 160.15 0.00 160.15 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,175,963.28 6.750000% 6,804.04 45,989.79 52,793.84 0.00 0.00
B2 3,716,977.37 6.750000% 3,093.27 20,908.00 24,001.27 0.00 0.00
B3 2,229,988.29 6.750000% 1,855.80 12,543.68 14,399.48 0.00 0.00
B4 1,239,322.68 6.750000% 1,031.37 6,971.19 8,002.56 0.00 0.00
B5 991,656.28 6.750000% 825.26 5,578.07 6,403.32 0.00 0.00
B6 991,819.95 6.750000% 825.24 5,578.99 6,404.23 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 338,148,016.93 - 17,469,337.08 1,850,115.86 19,319,452.94 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 44,058,394.35 0.00
A2 268,851.50 0.00
A3 103,988,575.45 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 28,117,388.06 0.00
A12 28,117,388.06 0.00
A13 7,102,481.25 0.00
A14 2,043,724.73 0.00
A15 50,000,000.00 0.00
A16 141,419.04 0.00
APO 143,324.16 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,169,159.24 0.00
B2 3,713,884.10 0.00
B3 2,228,132.49 0.00
B4 1,238,291.31 0.00
B5 990,831.02 0.00
B6 990,994.71 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 320,729,839.48 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/02
------------------------------------------------------------
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 47,918,670.64 6.750000% 060506XZ0 46.043921 3.215002 525.511926
A2 291,296.63 6.750000% 060506YA4 44.890245 3.277087 537.703007
A3 113,302,762.54 6.750000% 060506YB2 46.570935 3.186640 519.942877
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 30,242,246.82 7.000000% 060506YK2 42.497175 3.528262 562.347761
A12 30,242,246.82 6.500000% 060506YL0 42.497175 3.276243 562.347761
A13 7,062,753.27 6.750000% 060506YM8 0.000000 0.000000 1,075.644594
A14 2,032,293.08 6.750000% 060506YN6 0.000000 0.000000 1,075.644594
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 149,534.97 6.750000% 060506YQ9 36.070796 3.738374 628.529081
APO 143,484.31 0.000000% 060506YR7 1.102745 0.000000 986.886152
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,175,963.28 6.750000% 060506YT3 0.824433 5.572494 989.841177
B2 3,716,977.37 6.750000% 060506YU0 0.824433 5.572494 989.841177
B3 2,229,988.29 6.750000% 060506YV8 0.824433 5.572494 989.841177
B4 1,239,322.68 6.750000% 060506YW6 0.824433 5.572494 989.841177
B5 991,656.28 6.750000% 060506YX4 0.824433 5.572494 989.841177
B6 991,819.95 6.750000% 060506YY2 0.824279 5.572494 989.841364
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 338,148,016.93 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 320,729,839.28 320,729,839.28
Loan count 793 793
Avg loan rate 7.506200% 7.51
Prepay amount 17,136,755.81 17,136,755.81
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 178,031.85 178,031.85
Sub servicer fees 0.00 0.00
Trustee fees 986.27 986.27
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 147,974.56 147,974.56
Fraud 0.00 0.00
Special Hazard 3,381,480.17 3,381,480.17
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.874424% 100.000000% 320,802,289.09
-----------------------------------------------------------------------------
Junior 5.125576% 0.000000% 17,331,292.86
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,362,888.82
60 to 89 days 2 683,097.02
90 or more 0 0.00
Foreclosure 3 1,152,566.17
Totals: 11 4,198,552.01
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 19,319,452.94 19,319,452.94
Principal remittance amount 17,469,337.08 17,469,337.08
Interest remittance amount 1,850,115.86 1,850,115.86