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 2001-5)
(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 September 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 September
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: 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
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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 31,944,198.14 6.750000% 5,614,311.31 179,686.11 5,793,997.42 0.00 0.00
A2 198,407.75 6.750000% 32,672.53 1,116.04 33,788.58 0.00 0.00
A3 74,760,403.23 6.750000% 13,541,115.03 420,527.27 13,961,642.30 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 21,448,543.49 7.000000% 3,093,078.15 125,116.50 3,218,194.65 0.00 0.00
A12 21,448,543.49 6.500000% 3,093,078.15 116,179.61 3,209,257.76 0.00 0.00
A13 7,222,871.14 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 2,078,366.68 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 115,947.29 6.750000% 11,814.06 652.20 12,466.26 0.00 0.00
APO 142,390.69 0.000000% 6,183.15 0.00 6,183.15 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,148,321.85 6.750000% 7,059.13 45,834.31 52,893.44 0.00 0.00
B2 3,704,410.95 6.750000% 3,209.24 20,837.31 24,046.55 0.00 0.00
B3 2,222,449.11 6.750000% 1,925.37 12,501.28 14,426.65 0.00 0.00
B4 1,235,132.76 6.750000% 1,070.03 6,947.62 8,017.65 0.00 0.00
B5 988,303.67 6.750000% 856.20 5,559.21 6,415.40 0.00 0.00
B6 988,467.16 6.750000% 856.34 5,560.13 6,416.47 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 266,063,757.39 - 25,407,228.68 1,443,488.24 26,850,716.92 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 26,329,886.83 0.00
A2 165,735.21 0.00
A3 61,219,288.20 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 18,355,465.34 0.00
A12 18,355,465.34 0.00
A13 7,263,499.79 0.00
A14 2,090,057.49 0.00
A15 50,000,000.00 0.00
A16 104,133.24 0.00
APO 136,207.54 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,141,262.72 0.00
B2 3,701,201.71 0.00
B3 2,220,523.73 0.00
B4 1,234,062.72 0.00
B5 987,447.47 0.00
B6 987,610.83 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 240,708,848.17 -
- --------------------------------------------------------------------------------
Payment Date: 09/25/02
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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 31,944,198.14 6.750000% 060506XZ0 66.965390 2.143228 314.052969
A2 198,407.75 6.750000% 060506YA4 65.345066 2.232087 331.470427
A3 74,760,403.23 6.750000% 060506YB2 67.705575 2.102636 306.096441
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 21,448,543.49 7.000000% 060506YK2 61.861563 2.502330 367.109307
A12 21,448,543.49 6.500000% 060506YL0 61.861563 2.323592 367.109307
A13 7,222,871.14 6.750000% 060506YM8 0.000000 0.000000 1,100.030257
A14 2,078,366.68 6.750000% 060506YN6 0.000000 0.000000 1,100.030257
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 115,947.29 6.750000% 060506YQ9 52.506921 2.898682 462.814385
APO 142,390.69 0.000000% 060506YR7 42.575240 0.000000 937.883277
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,148,321.85 6.750000% 060506YT3 0.855341 5.553654 986.461010
B2 3,704,410.95 6.750000% 060506YU0 0.855341 5.553654 986.461010
B3 2,222,449.11 6.750000% 060506YV8 0.855341 5.553654 986.461010
B4 1,235,132.76 6.750000% 060506YW6 0.855341 5.553654 986.461010
B5 988,303.67 6.750000% 060506YX4 0.855341 5.553654 986.461010
B6 988,467.16 6.750000% 060506YY2 0.855342 5.553657 986.461421
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 266,063,757.39 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 240,708,847.74 240,708,847.74
Loan count 601 601
Avg loan rate 7.479817% 7.48
Prepay amount 25,124,396.37 25,124,396.37
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 108,864.38 108,864.38
Sub servicer fees 0.00 0.00
Trustee fees 776.02 776.02
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 2,660,637.57 2,660,637.57
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 93.507916% 100.000000% 248,776,671.89
-----------------------------------------------------------------------------
Junior 6.492084% 0.000000% 17,272,109.19
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 12 5,313,831.82
60 to 89 days 1 279,524.32
90 or more 1 371,617.59
Foreclosure 2 796,312.95
Totals: 16 6,761,286.68
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 319,558.09
Current Total Outstanding Number of Loans: 1
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 26,850,716.92 26,850,716.92
Principal remittance amount 25,407,228.68 25,407,228.68
Interest remittance amount 1,443,488.24 1,443,488.24