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): July 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 July 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 July 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: July 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 July 25, 2002
Payment Date: 07/25/02
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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 40,133,226.86 6.750000% 3,331,028.19 225,749.40 3,556,777.59 0.00 0.00
A2 246,028.33 6.750000% 19,357.98 1,383.91 20,741.89 0.00 0.00
A3 94,517,953.21 6.750000% 8,039,009.38 531,663.49 8,570,672.86 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 31,505.62 31,505.62 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 25,956,739.86 7.000000% 1,832,601.84 151,414.32 1,984,016.15 0.00 0.00
A12 25,956,739.86 6.500000% 1,832,601.84 140,599.01 1,973,200.84 0.00 0.00
A13 7,142,432.71 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 2,055,220.68 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 133,166.42 6.750000% 6,999.65 749.06 7,748.71 0.00 0.00
APO 142,881.40 0.000000% 161.82 0.00 161.82 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,162,277.04 6.750000% 6,950.87 45,912.81 52,863.68 0.00 0.00
B2 3,710,755.30 6.750000% 3,160.02 20,873.00 24,033.02 0.00 0.00
B3 2,226,255.38 6.750000% 1,895.85 12,522.69 14,418.53 0.00 0.00
B4 1,237,248.10 6.750000% 1,053.62 6,959.52 8,013.14 0.00 0.00
B5 989,996.28 6.750000% 843.07 5,568.73 6,411.80 0.00 0.00
B6 990,159.91 6.750000% 843.10 5,569.65 6,412.75 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 303,018,081.33 - 15,076,507.22 1,651,936.20 16,728,443.42 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 36,802,198.66 0.00
A2 226,670.35 0.00
A3 86,478,943.83 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 24,124,138.02 0.00
A12 24,124,138.02 0.00
A13 7,182,608.89 0.00
A14 2,066,781.30 0.00
A15 50,000,000.00 0.00
A16 126,166.77 0.00
APO 142,719.59 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,155,326.17 0.00
B2 3,707,595.27 0.00
B3 2,224,359.53 0.00
B4 1,236,194.48 0.00
B5 989,153.22 0.00
B6 989,316.82 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 287,993,310.91 -
- --------------------------------------------------------------------------------
Payment Date: 07/25/02
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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 40,133,226.86 6.750000% 060506XZ0 39.731249 2.692654 438.962758
A2 246,028.33 6.750000% 060506YA4 38.715960 2.767819 453.340706
A3 94,517,953.21 6.750000% 060506YB2 40.195047 2.658317 432.394719
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 25,956,739.86 7.000000% 060506YK2 36.652037 3.028286 482.482760
A12 25,956,739.86 6.500000% 060506YL0 36.652037 2.811980 482.482760
A13 7,142,432.71 6.750000% 060506YM8 0.000000 0.000000 1,087.779629
A14 2,055,220.68 6.750000% 060506YN6 0.000000 0.000000 1,087.779629
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 133,166.42 6.750000% 060506YQ9 31.109554 3.329160 560.741184
APO 142,881.40 0.000000% 060506YR7 1.114237 0.000000 982.723214
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,162,277.04 6.750000% 060506YT3 0.842224 5.563166 988.165051
B2 3,710,755.30 6.750000% 060506YU0 0.842224 5.563166 988.165051
B3 2,226,255.38 6.750000% 060506YV8 0.842224 5.563166 988.165051
B4 1,237,248.10 6.750000% 060506YW6 0.842224 5.563166 988.165051
B5 989,996.28 6.750000% 060506YX4 0.842224 5.563166 988.165051
B6 990,159.91 6.750000% 060506YY2 0.842115 5.563167 988.165425
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 303,018,081.33 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 287,993,310.52 287,993,310.52
Loan count 713 713
Avg loan rate 7.490932% 7.49
Prepay amount 14,766,710.80 14,766,710.80
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 145,263.27 145,263.27
Sub servicer fees 0.00 0.00
Trustee fees 883.80 883.80
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 3,030,180.81 3,030,180.81
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.289850% 100.000000% 285,701,389.32
-----------------------------------------------------------------------------
Junior 5.710150% 0.000000% 17,301,945.48
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 12 4,516,146.47
60 to 89 days 1 310,142.86
90 or more 0 0.00
Foreclosure 3 1,152,566.17
Totals: 16 5,978,855.50
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 16,728,443.42 16,728,443.42
Principal remittance amount 15,076,507.22 15,076,507.22
Interest remittance amount 1,651,936.20 1,651,936.20