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): September 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2)
(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 2001-2
On September 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-2, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of February 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 2001-2 relating to the distribution date of September
25, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of February 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: September 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 September 25, 2002
Payment Date: 09/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
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 3,434,205.62 7.000000% 3,434,205.62 20,032.87 3,454,238.49 0.00 0.00
A2 55,000,000.00 7.000000% 0.00 320,833.33 320,833.33 0.00 0.00
A3 16,865,026.38 7.000000% 6,348,218.87 0.00 6,348,218.87 0.00 0.00
A4 9,363,000.00 6.750000% 0.00 52,666.87 52,666.87 0.00 0.00
A5 3,518,000.00 7.000000% 0.00 20,521.67 20,521.67 0.00 0.00
A6 3,646,000.00 7.000000% 0.00 21,268.33 21,268.33 0.00 0.00
A7 3,302,000.00 7.250000% 0.00 19,949.58 19,949.58 0.00 0.00
A8 3,302,000.00 6.750000% 0.00 18,573.75 18,573.75 0.00 0.00
A9 2,981,000.00 7.000000% 0.00 17,389.17 17,389.17 0.00 0.00
A10 3,251,000.00 7.000000% 0.00 18,964.17 18,964.17 0.00 0.00
A11 2,565,000.00 7.250000% 0.00 15,496.87 15,496.87 0.00 0.00
A12 2,659,000.00 7.250000% 0.00 16,064.79 16,064.79 0.00 0.00
A13 1,640,000.00 7.250000% 0.00 9,908.33 9,908.33 0.00 0.00
A14 3,176,000.00 7.250000% 0.00 19,188.33 19,188.33 0.00 0.00
A15 2,174,000.00 7.250000% 0.00 13,134.58 13,134.58 0.00 0.00
A16 2,373,000.00 7.250000% 0.00 14,336.87 14,336.87 0.00 0.00
A17 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A18 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A19 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A20 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A21 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A22 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A23 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A24 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A25 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A26 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A27 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A28 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A29 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A30 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A31 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A32 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A33 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A34 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A35 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A36 30,784.01 7.000000% 30,784.01 179.57 30,963.59 0.00 0.00
A37 200,000.00 7.000000% 200,000.00 1,166.67 201,166.67 0.00 0.00
A38 200,000.00 7.000000% 200,000.00 1,166.67 201,166.67 0.00 0.00
A39 200,000.00 7.000000% 200,000.00 1,166.67 201,166.67 0.00 0.00
A40 200,000.00 7.000000% 200,000.00 1,166.67 201,166.67 0.00 0.00
A41 2,565,000.00 6.750000% 0.00 14,428.12 14,428.12 0.00 0.00
A42 2,659,000.00 6.750000% 0.00 14,956.87 14,956.87 0.00 0.00
APO 19,888.66 0.000000% 18.48 0.00 18.48 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,670,845.11 7.000000% 10,454.53 68,079.93 78,534.46 0.00 0.00
B2 4,071,431.47 7.000000% 3,647.11 23,750.02 27,397.13 0.00 0.00
B3 2,443,056.14 7.000000% 2,188.44 14,251.16 16,439.61 0.00 0.00
B4 1,357,143.82 7.000000% 1,215.70 7,916.67 9,132.38 0.00 0.00
B5 1,085,912.32 7.000000% 972.74 6,334.49 7,307.23 0.00 0.00
B6 1,059,225.41 7.000000% 948.83 6,178.81 7,127.64 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 147,011,518.95 - 10,632,654.34 759,071.86 11,391,726.20 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 55,000,000.00 0.00
A3 10,615,186.83 0.00
A4 9,363,000.00 0.00
A5 3,518,000.00 0.00
A6 3,646,000.00 0.00
A7 3,302,000.00 0.00
A8 3,302,000.00 0.00
A9 2,981,000.00 0.00
A10 3,251,000.00 0.00
A11 2,565,000.00 0.00
A12 2,659,000.00 0.00
A13 1,640,000.00 0.00
A14 3,176,000.00 0.00
A15 2,174,000.00 0.00
A16 2,373,000.00 0.00
A17 0.00 0.00
A18 0.00 0.00
A19 0.00 0.00
A20 0.00 0.00
A21 0.00 0.00
A22 0.00 0.00
A23 0.00 0.00
A24 0.00 0.00
A25 0.00 0.00
A26 0.00 0.00
A27 0.00 0.00
A28 0.00 0.00
A29 0.00 0.00
A30 0.00 0.00
A31 0.00 0.00
A32 0.00 0.00
A33 0.00 0.00
A34 0.00 0.00
A35 0.00 0.00
A36 0.00 0.00
A37 0.00 0.00
A38 0.00 0.00
A39 0.00 0.00
A40 0.00 0.00
A41 2,565,000.00 0.00
A42 2,659,000.00 0.00
APO 19,870.18 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 11,660,390.58 0.00
B2 4,067,784.36 0.00
B3 2,440,867.70 0.00
B4 1,355,928.12 0.00
B5 1,084,939.58 0.00
B6 1,058,276.58 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 136,477,243.93 -
- --------------------------------------------------------------------------------
Payment Date: 09/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
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 3,434,205.62 7.000000% 060506UE0 10.430041 0.060842 0.000000
A2 55,000,000.00 7.000000% 060506UF7 0.000000 5.833333 1,000.000000
A3 16,865,026.38 7.000000% 060506UG5 417.755914 0.000000 698.551384
A4 9,363,000.00 6.750000% 060506UH3 0.000000 5.625000 1,000.000000
A5 3,518,000.00 7.000000% 060506UJ9 0.000000 5.833333 1,000.000000
A6 3,646,000.00 7.000000% 060506UK6 0.000000 5.833333 1,000.000000
A7 3,302,000.00 7.250000% 060506UL4 0.000000 6.041667 1,000.000000
A8 3,302,000.00 6.750000% 060506UM2 0.000000 5.625000 1,000.000000
A9 2,981,000.00 7.000000% 060506UN0 0.000000 5.833333 1,000.000000
A10 3,251,000.00 7.000000% 060506UP5 0.000000 5.833333 1,000.000000
A11 2,565,000.00 7.250000% 060506UQ3 0.000000 6.041667 1,000.000000
A12 2,659,000.00 7.250000% 060506UR1 0.000000 6.041667 1,000.000000
A13 1,640,000.00 7.250000% 060506US9 0.000000 6.041667 1,000.000000
A14 3,176,000.00 7.250000% 060506UT7 0.000000 6.041667 1,000.000000
A15 2,174,000.00 7.250000% 060506UU4 0.000000 6.041667 1,000.000000
A16 2,373,000.00 7.250000% 060506UV2 0.000000 6.041667 1,000.000000
A17 0.00 7.000000% 060506UW0 0.000000 0.000000 0.000000
A18 0.00 7.000000% 060506UX8 0.000000 0.000000 0.000000
A19 0.00 7.000000% 060506UY6 0.000000 0.000000 0.000000
A20 0.00 7.000000% 060506UZ3 0.000000 0.000000 0.000000
A21 0.00 7.000000% 060506VA7 0.000000 0.000000 0.000000
A22 0.00 7.000000% 060506VB5 0.000000 0.000000 0.000000
A23 0.00 7.000000% 060506VC3 0.000000 0.000000 0.000000
A24 0.00 7.000000% 060506VD1 0.000000 0.000000 0.000000
A25 0.00 7.000000% 060506VE9 0.000000 0.000000 0.000000
A26 0.00 7.000000% 060506VF6 0.000000 0.000000 0.000000
A27 0.00 7.000000% 060506VG4 0.000000 0.000000 0.000000
A28 0.00 7.000000% 060506VH2 0.000000 0.000000 0.000000
A29 0.00 7.000000% 060506VJ8 0.000000 0.000000 0.000000
A30 0.00 7.000000% 060506VK5 0.000000 0.000000 0.000000
A31 0.00 7.000000% 060506VL3 0.000000 0.000000 0.000000
A32 0.00 7.000000% 060506VM1 0.000000 0.000000 0.000000
A33 0.00 7.000000% 060506VN9 0.000000 0.000000 0.000000
A34 0.00 7.000000% 060506VP4 0.000000 0.000000 0.000000
A35 0.00 7.000000% 060506VQ2 0.000000 0.000000 0.000000
A36 30,784.01 7.000000% 060506VR0 153.920066 0.897867 0.000000
A37 200,000.00 7.000000% 060506VS8 1,000.000000 5.833333 0.000000
A38 200,000.00 7.000000% 060506VT6 1,000.000000 5.833333 0.000000
A39 200,000.00 7.000000% 060506VU3 1,000.000000 5.833333 0.000000
A40 200,000.00 7.000000% 060506VV1 1,000.000000 5.833333 0.000000
A41 2,565,000.00 6.750000% 060506VW9 0.000000 5.625000 1,000.000000
A42 2,659,000.00 6.750000% 060506VX7 0.000000 5.625000 1,000.000000
APO 19,888.66 0.000000% 060506VY5 0.359668 0.000000 386.704867
Residual AR 0.00 7.000000% 060506VZ2 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,670,845.11 7.000000% 060506WA6 0.883506 5.753396 985.412878
B2 4,071,431.47 7.000000% 060506WB4 0.883506 5.753396 985.412878
B3 2,443,056.14 7.000000% 060506WC2 0.883506 5.753396 985.412878
B4 1,357,143.82 7.000000% 060506WD0 0.883506 5.753396 985.412878
B5 1,085,912.32 7.000000% 060506WE8 0.883506 5.753396 985.412878
B6 1,059,225.41 7.000000% 060506WF5 0.861738 5.611693 961.142736
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 147,011,518.95 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-2
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 136,477,243.03 136,477,243.03
Loan count 359 359
Avg loan rate 7.952997% 7.95
Prepay amount 10,402,584.17 10,402,584.17
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 96,789.46 96,789.46
Sub servicer fees 0.00 0.00
Trustee fees 428.78 428.78
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 26,746.87 26,746.87
Coverage Amounts Total
- ---------------- -----
Bankruptcy 100,000.00 100,000.00
Fraud 0.00 0.00
Special Hazard 1,971,852.50 1,971,852.50
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 85.258944% 100.000000% 125,323,904.68
-----------------------------------------------------------------------------
Junior 14.741056% 0.000000% 21,668,186.91
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 3,881,484.14
60 to 89 days 3 1,187,359.22
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 13 5,068,843.36
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 11,391,726.20 11,391,726.20
Principal remittance amount 10,632,654.34 10,632,654.34
Interest remittance amount 759,071.86 759,071.86