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 2001-8)
(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 2001-8
On May 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through
Certificates Series 2001-8, made a monthly distribution to Certificate holders
of principal and/or interest pursuant to the Pooling and Servicing Agreement,
dated as of July 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 2001-8 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 July 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, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, 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 225,508,340.11 6.750000% 6,675,294.79 1,268,484.41 7,943,779.20 0.00 0.00
A2 69,070,205.73 6.750000% 1,781,015.44 388,519.91 2,169,535.34 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.87 46,861.87 0.00 0.00
A5 13,174,585.50 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 9,351,414.50 6.750000% 74,107.04 52,601.71 126,708.75 0.00 0.00
A7 24,323,243.99 6.000000% 201,508.94 121,616.22 323,125.16 0.00 0.00
A8 27,946,014.00 2.700000% 2,193,167.76 62,878.53 2,256,046.29 0.00 0.00
A9 7,245,263.20 22.371428% 568,599.07 135,072.41 703,671.48 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.12 12,448.12 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 31,176,631.47 5.750000% 466,992.95 149,388.03 616,380.97 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 7,698,750.29 6.750000% 0.00 43,305.47 43,305.47 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 228,920,487.08 6.500000% 4,935,792.06 1,239,985.97 6,175,778.04 0.00 0.00
3A1 101,764,950.82 6.750000% 1,924,213.99 572,427.85 2,496,641.84 0.00 0.00
3A2 9,180,980.11 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 3,239,326.39 0.000000% 25,718.80 0.00 25,718.80 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,173,347.18 6.750000% 10,590.35 68,475.08 79,065.43 0.00 0.00
B2 5,371,003.07 6.750000% 4,672.57 30,211.89 34,884.46 0.00 0.00
B3 2,864,667.32 6.750000% 2,492.15 16,113.75 18,605.91 0.00 0.00
B4 1,790,665.22 6.750000% 1,557.81 10,072.49 11,630.30 0.00 0.00
B5 1,432,333.66 6.750000% 1,246.08 8,056.88 9,302.95 0.00 0.00
B6 1,432,318.83 6.750000% 1,246.06 8,056.79 9,302.86 0.00 0.00
2B1 1,916,581.56 6.500000% 6,887.58 10,381.48 17,269.06 0.00 0.00
2B2 1,032,005.45 6.500000% 3,708.70 5,590.03 9,298.73 0.00 0.00
2B3 589,717.40 6.500000% 2,119.26 3,194.30 5,313.56 0.00 0.00
2B4 294,858.70 6.500000% 1,059.63 1,597.15 2,656.78 0.00 0.00
2B5 294,858.70 6.500000% 1,059.63 1,597.15 2,656.78 0.00 0.00
2B6 295,544.21 6.500000% 1,061.98 1,600.86 2,662.84 0.00 0.00
3B1 2,820,909.15 6.750000% 2,441.30 15,867.61 18,308.91 0.00 0.00
3B2 796,048.25 6.750000% 688.92 4,477.77 5,166.69 0.00 0.00
3B3 434,749.54 6.750000% 376.25 2,445.47 2,821.71 0.00 0.00
3B4 434,749.54 6.750000% 376.25 2,445.47 2,821.71 0.00 0.00
3B5 289,833.03 6.750000% 250.83 1,630.31 1,881.14 0.00 0.00
3B6 290,079.13 6.750000% 250.99 1,631.70 1,882.68 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 990,755,712.85 - 18,888,497.15 5,380,416.28 24,268,913.42 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 218,833,045.32 0.00
A2 67,289,190.29 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 13,248,692.55 0.00
A6 9,277,307.45 0.00
A7 24,121,735.04 0.00
A8 25,752,846.25 0.00
A9 6,676,664.13 0.00
A10 0.00 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 30,709,638.53 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 7,607,176.27 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 223,984,695.02 0.00
3A1 99,840,736.83 0.00
3A2 9,232,623.12 0.00
3A3 14,500,000.00 0.00
APO 3,213,607.59 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,162,756.83 0.00
B2 5,366,330.50 0.00
B3 2,862,175.17 0.00
B4 1,789,107.41 0.00
B5 1,431,087.58 0.00
B6 1,431,072.77 0.00
2B1 1,909,693.98 0.00
2B2 1,028,296.76 0.00
2B3 587,598.15 0.00
2B4 293,799.07 0.00
2B5 293,799.07 0.00
2B6 294,482.23 0.00
3B1 2,818,467.85 0.00
3B2 795,359.33 0.00
3B3 434,373.30 0.00
3B4 434,373.30 0.00
3B5 289,582.20 0.00
3B6 289,828.14 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 971,992,965.76 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, 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 225,508,340.11 6.750000% 060506P22 23.939345 4.549115 784.792267
A2 69,070,205.73 6.750000% 060506P30 21.380738 4.664105 807.793401
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 13,174,585.50 6.750000% 060506P63 0.000000 0.000000 1,057.695397
A6 9,351,414.50 6.750000% 060506P71 7.410704 5.260171 927.730745
A7 24,323,243.99 6.000000% 060506P89 8.060358 4.864649 964.869402
A8 27,946,014.00 2.700000% 060506P97 46.875551 1.343931 550.427048
A9 7,245,263.20 22.371428% 060506Q21 46.875551 11.135427 550.427048
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 31,176,631.47 5.750000% 060506Q88 14.261504 4.562163 937.842068
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 7,698,750.29 6.750000% 060506R38 0.000000 5.408928 950.149385
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 0.000000 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 228,920,487.08 6.500000% 060506R79 16.517609 4.149608 749.563935
3A1 101,764,950.82 6.750000% 060506R87 16.436580 4.889662 852.836676
3A2 9,180,980.11 6.750000% 060506R95 0.000000 0.000000 1,057.695397
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 3,239,326.39 0.000000% 060506S37 7.624911 0.000000 952.745528
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,173,347.18 6.750000% 060506S45 0.863531 5.583421 991.744686
B2 5,371,003.07 6.750000% 060506S52 0.863531 5.583421 991.744686
B3 2,864,667.32 6.750000% 060506S60 0.863531 5.583421 991.744686
B4 1,790,665.22 6.750000% 060506T51 0.863531 5.583421 991.744686
B5 1,432,333.66 6.750000% 060506T69 0.863531 5.583421 991.744686
B6 1,432,318.83 6.750000% 060506T77 0.863531 5.583421 991.744686
2B1 1,916,581.56 6.500000% 060506S78 3.485617 5.253787 966.444322
2B2 1,032,005.45 6.500000% 060506S86 3.485617 5.253787 966.444322
2B3 589,717.40 6.500000% 060506S94 3.485617 5.253787 966.444322
2B4 294,858.70 6.500000% 060506T85 3.485617 5.253787 966.444322
2B5 294,858.70 6.500000% 060506T93 3.485617 5.253787 966.444322
2B6 295,544.21 6.500000% 060506U26 3.485249 5.253790 966.445207
3B1 2,820,909.15 6.750000% 060506T28 0.859007 5.583256 991.719862
3B2 796,048.25 6.750000% 060506T36 0.859007 5.583256 991.719862
3B3 434,749.54 6.750000% 060506T44 0.859007 5.583256 991.719862
3B4 434,749.54 6.750000% 060506U34 0.859007 5.583256 991.719862
3B5 289,833.03 6.750000% 060506U42 0.859007 5.583256 991.719862
3B6 290,079.13 6.750000% 060506U59 0.858817 5.583257 991.720209
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 990,755,712.85 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 614,177,278.55 228,844,288.12 128,971,399.05 971,992,965.72
Loan count 1501 526 309 2336
Avg loan rate 7.218782% 6.939557% 7.220920% 7.15
Prepay amount 11,386,947.28 4,113,440.72 1,764,042.61 17,264,430.61
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 219,449.80 78,824.67 45,561.52 343,836.00
Sub servicer fees 0.00 0.00 0.00 0.00
Trustee fees 1,043.52 389.66 218.08 1,651.26
Agg advances N/A N/A N/A N/A
Adv this period 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 7,213,603.79 3,038,703.84 1,457,422.73 11,709,730.36
Special Hazard 7,213,603.79 7,213,603.79 7,213,603.79 21,640,811.37
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 96.516432% 100.000000% 956,201,442.89
-----------------------------------------------------------------------------
Junior 3.483568% 0.000000% 34,512,183.64
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 14 5,043,129.57
60 to 89 days 1 423,812.32
90 or more 0 0.00
Foreclosure 1 623,812.39
Totals: 16 6,090,754.28
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 24,268,913.42 24,268,913.42
Principal remittance amount 18,888,497.15 18,888,497.15
Interest remittance amount 5,380,416.28 5,380,416.28