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 1999-5)
(Exact name of registrant as specified in charter)
North Carolina 33-63714 13-4078651
(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 1999-5
On July 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-5, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of May 1, 1999, 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 1999-5 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 May 1, 1999.
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
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
Bank of America, FSB, 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 77,918,455.99 6.500000% 4,985,164.18 422,058.30 5,407,222.48 0.00 0.00
A2 85,888,816.59 6.500000% 3,967,531.30 465,231.09 4,432,762.39 0.00 0.00
A3 61,082,655.47 6.500000% 3,722,789.07 330,864.38 4,053,653.46 0.00 0.00
A4 60,000,000.00 6.500000% 0.00 325,000.00 325,000.00 0.00 0.00
A5 3,282,000.00 6.750000% 0.00 18,461.25 18,461.25 0.00 0.00
A6 4,224,000.00 6.750000% 0.00 23,760.00 23,760.00 0.00 0.00
A7 1,431,000.00 6.750000% 0.00 8,049.38 8,049.38 0.00 0.00
A8 2,950,000.00 6.750000% 0.00 16,593.75 16,593.75 0.00 0.00
A9 3,113,000.00 6.750000% 0.00 17,510.63 17,510.63 0.00 0.00
A10 3,000,000.00 7.000000% 0.00 17,500.00 17,500.00 0.00 0.00
A11 2,000,000.00 7.000000% 0.00 11,666.67 11,666.67 0.00 0.00
A12 5,000,000.00 5.500000% 0.00 22,916.67 22,916.67 0.00 0.00
A13 3,325,000.00 7.000000% 0.00 19,395.83 19,395.83 0.00 0.00
A14 3,177,667.00 7.000000% 0.00 18,536.39 18,536.39 0.00 0.00
A15 5,000,000.00 6.250000% 0.00 26,041.67 26,041.67 0.00 0.00
A16 5,938,000.00 7.000000% 0.00 34,638.33 34,638.33 0.00 0.00
A17 3,160,000.00 7.000000% 0.00 18,433.33 18,433.33 0.00 0.00
A18 2,513,904.00 7.000000% 0.00 14,664.44 14,664.44 0.00 0.00
A19 1,393,429.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A20 13,407,872.48 6.500000% 72,091.11 72,625.98 144,717.08 0.00 0.00
A21 13,309,127.52 6.500000% 0.00 0.00 0.00 0.00 0.00
A22 100,000.00 6.500000% 0.00 541.67 541.67 0.00 0.00
APO 641,277.17 0.000000% 10,841.29 0.00 10,841.29 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,455,849.13 6.500000% 14,189.55 67,469.18 81,658.73 0.00 0.00
B2 4,344,929.01 6.500000% 4,949.69 23,535.03 28,484.72 0.00 0.00
B3 2,028,212.48 6.500000% 2,310.51 10,986.15 13,296.67 0.00 0.00
B4 2,028,212.48 6.500000% 2,310.51 10,986.15 13,296.67 0.00 0.00
B5 1,158,840.71 6.500000% 1,320.14 6,277.05 7,597.19 0.00 0.00
B6 1,159,174.26 6.500000% 1,320.52 6,278.86 7,599.38 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 385,031,423.29 - 12,784,817.87 2,010,022.18 14,794,840.05 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 72,933,291.82 0.00
A2 81,921,285.29 0.00
A3 57,359,866.40 0.00
A4 60,000,000.00 0.00
A5 3,282,000.00 0.00
A6 4,224,000.00 0.00
A7 1,431,000.00 0.00
A8 2,950,000.00 0.00
A9 3,113,000.00 0.00
A10 3,000,000.00 0.00
A11 2,000,000.00 0.00
A12 5,000,000.00 0.00
A13 3,325,000.00 0.00
A14 3,177,667.00 0.00
A15 5,000,000.00 0.00
A16 5,938,000.00 0.00
A17 3,160,000.00 0.00
A18 2,513,904.00 0.00
A19 1,393,429.00 0.00
A20 13,335,781.38 0.00
A21 13,381,218.62 0.00
A22 100,000.00 0.00
APO 630,435.88 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,441,659.58 0.00
B2 4,339,979.32 0.00
B3 2,025,901.96 0.00
B4 2,025,901.96 0.00
B5 1,157,520.58 0.00
B6 1,157,853.75 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 372,318,696.53 -
- --------------------------------------------------------------------------------
Payment Date: 07/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
Bank of America, FSB, 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 77,918,455.99 6.500000% 060506DQ2 30.726529 2.601396 449.531208
A2 85,888,816.59 6.500000% 060506DR0 25.931577 3.040726 535.433237
A3 61,082,655.47 6.500000% 060506DS8 30.009424 2.667100 462.378209
A4 60,000,000.00 6.500000% 060506DT6 0.000000 5.416667 1,000.000000
A5 3,282,000.00 6.750000% 060506DU3 0.000000 5.625000 1,000.000000
A6 4,224,000.00 6.750000% 060506DV1 0.000000 5.625000 1,000.000000
A7 1,431,000.00 6.750000% 060506DW9 0.000000 5.625000 1,000.000000
A8 2,950,000.00 6.750000% 060506DX7 0.000000 5.625000 1,000.000000
A9 3,113,000.00 6.750000% 060506DY5 0.000000 5.625000 1,000.000000
A10 3,000,000.00 7.000000% 060506DZ2 0.000000 5.833333 1,000.000000
A11 2,000,000.00 7.000000% 060506EA6 0.000000 5.833333 1,000.000000
A12 5,000,000.00 5.500000% 060506EB4 0.000000 4.583333 1,000.000000
A13 3,325,000.00 7.000000% 060506EC2 0.000000 5.833333 1,000.000000
A14 3,177,667.00 7.000000% 060506ED0 0.000000 5.833333 1,000.000000
A15 5,000,000.00 6.250000% 060506EE8 0.000000 5.208333 1,000.000000
A16 5,938,000.00 7.000000% 060506EF5 0.000000 5.833333 1,000.000000
A17 3,160,000.00 7.000000% 060506EG3 0.000000 5.833333 1,000.000000
A18 2,513,904.00 7.000000% 060506EH1 0.000000 5.833333 1,000.000000
A19 1,393,429.00 0.000000% 060506EJ7 0.000000 0.000000 1,000.000000
A20 13,407,872.48 6.500000% 060506EV0 4.557248 4.591060 843.023034
A21 13,309,127.52 6.500000% 060506EK4 0.000000 0.000000 1,227.860032
A22 100,000.00 6.500000% 060506EL2 0.000000 5.416667 1,000.000000
APO 641,277.17 0.000000% 060506EM0 14.599080 0.000000 848.956407
Residual AR 0.00 6.500000% 060506EN8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,455,849.13 6.500000% 060506EP3 1.099198 5.226523 963.797318
B2 4,344,929.01 6.500000% 060506EQ1 1.099198 5.226523 963.797318
B3 2,028,212.48 6.500000% 060506ER9 1.099198 5.226523 963.797318
B4 2,028,212.48 6.500000% 060506ES7 1.099198 5.226523 963.797318
B5 1,158,840.71 6.500000% 060506ET5 1.099198 5.226523 963.797316
B6 1,159,174.26 6.500000% 060506EU2 1.099269 5.226859 963.859339
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 385,031,423.29 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5
Bank of America, FSB, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 372,318,694.39 372,318,694.39
Loan count 1096 1096
Avg loan rate 7.046489% 7.05
Prepay amount 12,274,041.23 12,274,041.23
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 147,782.91 147,782.91
Sub servicer fees 0.00 0.00
Trustee fees 1,123.01 1,123.01
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 6,003,829.70 6,003,829.70
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 93.987399% 100.000000% 361,856,205.22
-----------------------------------------------------------------------------
Junior 6.012601% 0.000000% 23,148,817.15
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 3,109,695.47
60 to 89 days 1 243,381.15
90 or more 1 252,979.65
Foreclosure 3 989,824.33
Totals: 14 4,595,880.60
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 314,282.24
Current Total Outstanding Number of Loans: 1
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 14,794,840.05 14,794,840.05
Principal remittance amount 12,784,817.87 12,784,817.87
Interest remittance amount 2,010,022.18 2,010,022.18