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 2001-8)
(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 2001-8
On September 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2001-8, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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 2001-8 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 July 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 2001-8
Bank of America, NA, 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 189,687,988.83 6.750000% 23,269,009.54 1,066,994.94 24,336,004.48 0.00 0.00
A2 59,513,084.94 6.750000% 6,208,334.84 334,761.10 6,543,095.94 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.88 46,861.88 0.00 0.00
A5 13,473,524.18 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 9,052,475.82 6.750000% 75,788.57 50,920.18 126,708.75 0.00 0.00
A7 23,441,137.95 6.000000% 251,848.49 117,205.69 369,054.18 0.00 0.00
A8 15,652,419.76 2.660000% 8,832,069.63 34,696.20 8,866,765.83 0.00 0.00
A9 4,058,034.92 22.525714% 2,289,795.93 76,175.11 2,365,971.04 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.13 12,448.13 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 29,132,368.38 5.750000% 583,653.84 139,592.60 723,246.44 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 7,297,884.72 6.750000% 0.00 41,050.60 41,050.60 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.20 0.20 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 200,786,230.15 6.500000% 12,809,838.70 1,087,592.08 13,897,430.78 0.00 0.00
3A1 85,245,556.98 6.750000% 12,775,891.59 479,506.26 13,255,397.85 0.00 0.00
3A2 9,389,301.66 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 3,109,770.98 0.000000% 42,229.70 0.00 42,229.70 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,130,425.73 6.750000% 10,868.90 68,233.64 79,102.55 0.00 0.00
B2 5,352,065.69 6.750000% 4,795.47 30,105.37 34,900.84 0.00 0.00
B3 2,854,566.92 6.750000% 2,557.70 16,056.94 18,614.64 0.00 0.00
B4 1,784,351.60 6.750000% 1,598.78 10,036.98 11,635.76 0.00 0.00
B5 1,427,283.46 6.750000% 1,278.85 8,028.47 9,307.32 0.00 0.00
B6 1,427,268.68 6.750000% 1,278.84 8,028.39 9,307.22 0.00 0.00
2B1 1,888,742.79 6.500000% 7,056.47 10,230.69 17,287.16 0.00 0.00
2B2 1,017,015.35 6.500000% 3,799.64 5,508.83 9,308.47 0.00 0.00
2B3 581,151.63 6.500000% 2,171.22 3,147.90 5,319.13 0.00 0.00
2B4 290,575.81 6.500000% 1,085.61 1,573.95 2,659.56 0.00 0.00
2B5 290,575.81 6.500000% 1,085.61 1,573.95 2,659.56 0.00 0.00
2B6 291,251.53 6.500000% 1,088.14 1,577.61 2,665.75 0.00 0.00
3B1 2,811,010.26 6.750000% 2,531.64 15,811.93 18,343.57 0.00 0.00
3B2 793,254.83 6.750000% 714.42 4,462.06 5,176.48 0.00 0.00
3B3 433,223.96 6.750000% 390.17 2,436.88 2,827.05 0.00 0.00
3B4 433,223.96 6.750000% 390.17 2,436.88 2,827.05 0.00 0.00
3B5 288,815.97 6.750000% 260.11 1,624.59 1,884.70 0.00 0.00
3B6 289,061.26 6.750000% 260.33 1,625.97 1,886.30 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 882,225,759.82 - 67,181,672.92 4,773,685.58 71,955,358.50 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 166,418,979.29 0.00
A2 53,304,750.10 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 13,549,312.75 0.00
A6 8,976,687.25 0.00
A7 23,189,289.46 0.00
A8 6,820,350.12 0.00
A9 1,768,239.00 0.00
A10 0.00 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 28,548,714.54 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 7,183,434.32 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 187,976,391.45 0.00
3A1 72,469,665.39 0.00
3A2 9,442,116.48 0.00
3A3 14,500,000.00 0.00
APO 3,067,541.28 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,119,556.83 0.00
B2 5,347,270.22 0.00
B3 2,852,009.21 0.00
B4 1,782,752.81 0.00
B5 1,426,004.61 0.00
B6 1,425,989.84 0.00
2B1 1,881,686.32 0.00
2B2 1,013,215.71 0.00
2B3 578,980.41 0.00
2B4 289,490.20 0.00
2B5 289,490.20 0.00
2B6 290,163.40 0.00
3B1 2,808,478.62 0.00
3B2 792,540.41 0.00
3B3 432,833.79 0.00
3B4 432,833.79 0.00
3B5 288,555.86 0.00
3B6 288,800.93 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 815,172,690.30 -
- --------------------------------------------------------------------------------
Payment Date: 09/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, 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 189,687,988.83 6.750000% 060506P22 83.448726 3.826522 596.821782
A2 59,513,084.94 6.750000% 060506P30 74.529830 4.018741 639.912966
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 13,473,524.18 6.750000% 060506P63 0.000000 0.000000 1,081.695095
A6 9,052,475.82 6.750000% 060506P71 7.578857 5.092018 897.668725
A7 23,441,137.95 6.000000% 060506P89 10.073940 4.688228 927.571578
A8 15,652,419.76 2.660000% 060506P97 188.771756 0.741577 145.774380
A9 4,058,034.92 22.525714% 060506Q21 188.771756 6.279909 145.774380
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 29,132,368.38 5.750000% 060506Q88 17.824213 4.263020 871.849581
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 7,297,884.72 6.750000% 060506R38 0.000000 5.127291 897.223287
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 3.904891 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 200,786,230.15 6.500000% 060506R79 42.868077 3.639623 629.062283
3A1 85,245,556.98 6.750000% 060506R87 109.131295 4.095929 619.033778
3A2 9,389,301.66 6.750000% 060506R95 0.000000 0.000000 1,081.695095
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 3,109,770.98 0.000000% 060506S37 12.519934 0.000000 909.440920
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,130,425.73 6.750000% 060506S45 0.886244 5.563735 988.222181
B2 5,352,065.69 6.750000% 060506S52 0.886244 5.563735 988.222181
B3 2,854,566.92 6.750000% 060506S60 0.886244 5.563735 988.222181
B4 1,784,351.60 6.750000% 060506T51 0.886244 5.563735 988.222181
B5 1,427,283.46 6.750000% 060506T69 0.886244 5.563735 988.222181
B6 1,427,268.68 6.750000% 060506T77 0.886244 5.563735 988.222181
2B1 1,888,742.79 6.500000% 060506S78 3.571089 5.177475 952.270405
2B2 1,017,015.35 6.500000% 060506S86 3.571089 5.177475 952.270405
2B3 581,151.63 6.500000% 060506S94 3.571089 5.177475 952.270405
2B4 290,575.81 6.500000% 060506T85 3.571089 5.177475 952.270405
2B5 290,575.81 6.500000% 060506T93 3.571089 5.177475 952.270405
2B6 291,251.53 6.500000% 060506U26 3.571093 5.177480 952.271455
3B1 2,811,010.26 6.750000% 060506T28 0.890795 5.563664 988.205003
3B2 793,254.83 6.750000% 060506T36 0.890795 5.563664 988.205003
3B3 433,223.96 6.750000% 060506T44 0.890795 5.563664 988.205003
3B4 433,223.96 6.750000% 060506U34 0.890795 5.563664 988.205003
3B5 288,815.97 6.750000% 060506U42 0.890795 5.563664 988.205003
3B6 289,061.26 6.750000% 060506U59 0.890796 5.563666 988.205349
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 882,225,759.82 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 520,626,772.30 192,763,537.49 101,782,380.42
Loan count 1285 455 248
Avg loan rate 7.204461% 6.927383% 7.216696%
Prepay amount 40,991,856.19 12,060,347.88 12,625,778.46
Total
-----
Prin balance 815,172,690.21
Loan count 1988
Avg loan rate 7.14
Prepay amount 65,677,982.53
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 148,388.20 52,672.45 27,100.91
Sub servicer fees 0.00 0.00 0.00
Trustee fees 936.87 342.65 190.85
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 228,161.56
Sub servicer fees 0.00
Trustee fees 1,470.38
Agg advances N/A
Adv this period 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Total
-----
Realized losses 0.00
Cumulative losses 0.00
Coverage Amounts
- ----------------
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 7,213,603.79 7,213,603.79 7,213,603.79
Total
-----
Bankruptcy 0.00
Fraud 0.00
Special Hazard 21,640,811.37
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 96.107308% 100.000000% 847,841,894.57
-----------------------------------------------------------------------------
Junior 3.892692% 0.000000% 34,340,653.18
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 17 6,652,421.49
60 to 89 days 3 1,551,446.38
90 or more 1 355,154.28
Foreclosure 1 423,145.00
Totals: 22 8,982,167.15
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 623,812.39
Current Total Outstanding Number of Loans: 1
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 71,955,358.50 71,955,358.50
Principal remittance amount 67,181,672.92 67,181,672.92
Interest remittance amount 4,773,685.58 4,773,685.58