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-c)
(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-c
On May 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through
Certificates Series 2001-c, made a monthly distribution to Certificate holders
of principal and/or interest pursuant to the Pooling and Servicing Agreement,
dated as of June 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-c 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 June 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-c
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 8,092,264.00 4.958000% 8,092,264.00 33,434.54 8,125,698.53 0.00 0.00
A2 11,701,070.62 5.601000% 1,201,833.58 54,614.75 1,256,448.33 0.00 0.00
A3 99,377,000.00 5.983000% 5,376,516.64 495,477.16 5,871,993.80 0.00 0.00
A4 163,015,000.00 6.097000% 0.00 828,252.05 828,252.05 0.00 0.00
A5 63,338,907.60 5.953000% 3,313,088.66 314,213.76 3,627,302.42 0.00 0.00
A6 63,338,907.60 6.229700% 3,313,088.66 328,818.69 3,641,907.34 0.00 0.00
A7 50,000,000.00 6.214000% 2,705,111.16 258,916.67 2,964,027.83 0.00 0.00
AIO 485,027,636.47 0.169283% 0.00 68,422.38 68,422.38 0.00 0.00
Residual AR 0.00 6.229700% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.229700% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 13,512,225.14 6.229700% 12,653.73 70,147.60 82,801.33 0.00 0.00
B2 4,465,090.17 6.229700% 4,181.40 23,180.15 27,361.55 0.00 0.00
B3 2,604,718.53 6.229700% 2,439.23 13,522.18 15,961.41 0.00 0.00
B4 2,233,040.65 6.229700% 2,091.17 11,592.65 13,683.81 0.00 0.00
B5 1,488,693.77 6.229700% 1,394.11 7,728.43 9,122.54 0.00 0.00
B6 1,860,718.40 6.229700% 1,742.50 9,659.77 11,402.26 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 485,027,636.47 - 24,026,404.84 2,517,980.82 26,544,385.66 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 10,499,237.03 0.00
A3 94,000,483.36 0.00
A4 163,015,000.00 0.00
A5 60,025,818.94 0.00
A6 60,025,818.94 0.00
A7 47,294,888.84 0.00
AIO 461,001,231.63 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 13,499,571.41 0.00
B2 4,460,908.77 0.00
B3 2,602,279.30 0.00
B4 2,230,949.49 0.00
B5 1,487,299.66 0.00
B6 1,858,975.90 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 461,001,231.63 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-c
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 8,092,264.00 4.958000% 060506M25 43.259102 0.178732 0.000000
A2 11,701,070.62 5.601000% 060506M33 48.073343 2.184590 419.969481
A3 99,377,000.00 5.983000% 060506M41 54.102223 4.985833 945.897777
A4 163,015,000.00 6.097000% 060506M58 0.000000 5.080833 1,000.000000
A5 63,338,907.60 5.953000% 060506M66 33.130887 3.142138 600.258189
A6 63,338,907.60 6.229700% 060506M74 33.130887 3.288187 600.258189
A7 50,000,000.00 6.214000% 060506M82 54.102223 5.178333 945.897777
AIO 485,027,636.47 0.169283% 060506M90 0.000000 0.091126 613.968018
Residual AR 0.00 6.229700% 060506N24 0.000000 0.000000 0.000000
ALR 0.00 6.229700% 060506N32 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 13,512,225.14 6.229700% 060506N40 0.928169 5.145426 990.212823
B2 4,465,090.17 6.229700% 060506N57 0.928169 5.145426 990.212823
B3 2,604,718.53 6.229700% 060506N65 0.928169 5.145426 990.212823
B4 2,233,040.65 6.229700% 060506N73 0.928169 5.145426 990.212823
B5 1,488,693.77 6.229700% 060506N81 0.928169 5.145426 990.212823
B6 1,860,718.40 6.229700% 060506N99 0.928169 5.145427 990.212990
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 485,027,636.47 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-c
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 461,001,231.32 461,001,231.32
Loan count 980 980
Avg loan rate 6.825700% 6.83
Prepay amount 23,572,193.23 23,572,193.23
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 198,303.11 198,303.11
Sub servicer fees 0.00 0.00
Trustee fees 808.38 808.38
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 7,508,554.50 7,508,554.50
Special Hazard 7,287,417.87 7,287,417.87
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.610347% 100.000000% 458,863,149.81
-----------------------------------------------------------------------------
Junior 5.389653% 0.000000% 26,139,984.52
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 3,754,156.42
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 6 3,754,156.42
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 26,544,385.66 26,544,385.66
Principal remittance amount 24,026,404.84 24,026,404.84
Interest remittance amount 2,517,980.82 2,517,980.82