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): June 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 June 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 June 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: June 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 June 25, 2002
Payment Date: 06/25/02
------------------------------------------------------------
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 44,058,394.35 6.750000% 3,925,167.50 247,828.47 4,172,995.97 0.00 0.00
A2 268,851.50 6.750000% 22,823.17 1,512.29 24,335.46 0.00 0.00
A3 103,988,575.45 6.750000% 9,470,622.24 584,935.74 10,055,557.98 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 28,117,388.06 7.000000% 2,160,648.21 164,018.10 2,324,666.30 0.00 0.00
A12 28,117,388.06 6.500000% 2,160,648.21 152,302.52 2,312,950.73 0.00 0.00
A13 7,102,481.25 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 2,043,724.73 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 141,419.04 6.750000% 8,252.63 795.48 9,048.11 0.00 0.00
APO 143,324.16 0.000000% 442.76 0.00 442.76 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,169,159.24 6.750000% 6,882.19 45,951.52 52,833.71 0.00 0.00
B2 3,713,884.10 6.750000% 3,128.80 20,890.60 24,019.40 0.00 0.00
B3 2,228,132.49 6.750000% 1,877.11 12,533.25 14,410.36 0.00 0.00
B4 1,238,291.31 6.750000% 1,043.21 6,965.39 8,008.60 0.00 0.00
B5 990,831.02 6.750000% 834.74 5,573.42 6,408.16 0.00 0.00
B6 990,994.71 6.750000% 834.80 5,574.35 6,409.14 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 320,729,839.48 - 17,763,205.56 1,751,851.74 19,515,057.30 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 40,133,226.86 0.00
A2 246,028.33 0.00
A3 94,517,953.21 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 25,956,739.86 0.00
A12 25,956,739.86 0.00
A13 7,142,432.71 0.00
A14 2,055,220.68 0.00
A15 50,000,000.00 0.00
A16 133,166.42 0.00
APO 142,881.40 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,162,277.04 0.00
B2 3,710,755.30 0.00
B3 2,226,255.38 0.00
B4 1,237,248.10 0.00
B5 989,996.28 0.00
B6 990,159.91 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 303,018,081.33 -
- --------------------------------------------------------------------------------
Payment Date: 06/25/02
------------------------------------------------------------
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 44,058,394.35 6.750000% 060506XZ0 46.817919 2.956005 478.694007
A2 268,851.50 6.750000% 060506YA4 45.646341 3.024579 492.056666
A3 103,988,575.45 6.750000% 060506YB2 47.353111 2.924679 472.589766
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 28,117,388.06 7.000000% 060506YK2 43.212964 3.280362 519.134797
A12 28,117,388.06 6.500000% 060506YL0 43.212964 3.046050 519.134797
A13 7,102,481.25 6.750000% 060506YM8 0.000000 0.000000 1,081.695095
A14 2,043,724.73 6.750000% 060506YN6 0.000000 0.000000 1,081.695095
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 141,419.04 6.750000% 060506YQ9 36.678344 3.535476 591.850737
APO 143,324.16 0.000000% 060506YR7 3.048700 0.000000 983.837452
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,169,159.24 6.750000% 060506YT3 0.833902 5.567857 989.007275
B2 3,713,884.10 6.750000% 060506YU0 0.833902 5.567857 989.007275
B3 2,228,132.49 6.750000% 060506YV8 0.833902 5.567857 989.007275
B4 1,238,291.31 6.750000% 060506YW6 0.833902 5.567857 989.007275
B5 990,831.02 6.750000% 060506YX4 0.833902 5.567857 989.007275
B6 990,994.71 6.750000% 060506YY2 0.833825 5.567858 989.007539
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 320,729,839.48 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 303,018,081.05 303,018,081.05
Loan count 751 751
Avg loan rate 7.496978% 7.50
Prepay amount 17,441,541.77 17,441,541.77
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 168,571.01 168,571.01
Sub servicer fees 0.00 0.00
Trustee fees 935.46 935.46
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 3,207,298.39 3,207,298.39
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.600602% 100.000000% 303,398,546.62
-----------------------------------------------------------------------------
Junior 5.399398% 0.000000% 17,316,692.01
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 3,568,753.26
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 3 1,152,566.17
Totals: 13 4,721,319.43
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 19,515,057.30 19,515,057.30
Principal remittance amount 17,763,205.56 17,763,205.56
Interest remittance amount 1,751,851.74 1,751,851.74