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 2001-11)
(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 2001-11
On September 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-11, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of November 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 2001-11 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 November 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, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11
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 1-A1 267,274,471.48 6.500000% 12,378,330.48 1,447,736.72 13,826,067.20 0.00 0.00
1-A2 7,700,000.00 6.500000% 0.00 41,708.33 41,708.33 0.00 0.00
1-A3 35,000,000.00 6.500000% 0.00 189,583.33 189,583.33 0.00 0.00
1-APO 643,488.38 0.000000% 706.29 0.00 706.29 0.00 0.00
Residual 1-AR 0.00 6.500000% 0.00 0.03 0.03 0.00 0.00
2-A1 91,373,690.53 6.500000% 7,267,976.43 494,940.82 7,762,917.25 0.00 0.00
2-A2 12,000,000.00 6.500000% 0.00 65,000.00 65,000.00 0.00 0.00
2-A3 10,197,000.00 6.500000% 0.00 55,233.75 55,233.75 0.00 0.00
2-A4 15,000,000.00 6.500000% 0.00 81,250.00 81,250.00 0.00 0.00
2-APO 216,678.29 0.000000% 906.35 0.00 906.35 0.00 0.00
2-AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-B1 4,863,438.78 6.500000% 4,371.22 26,343.63 30,714.84 0.00 0.00
1-B2 2,431,223.22 6.500000% 2,185.16 13,169.13 15,354.29 0.00 0.00
1-B3 1,389,270.41 6.500000% 1,248.66 7,525.21 8,773.88 0.00 0.00
1-B4 695,627.54 6.500000% 625.22 3,767.98 4,393.21 0.00 0.00
1-B5 694,635.21 6.500000% 624.33 3,762.61 4,386.94 0.00 0.00
1-B6 694,977.04 6.500000% 624.41 3,764.46 4,388.87 0.00 0.00
2-B1 2,236,812.54 6.500000% 1,977.47 12,116.07 14,093.54 0.00 0.00
2-B2 746,265.76 6.500000% 659.74 4,042.27 4,702.02 0.00 0.00
2-B3 670,845.29 6.500000% 593.07 3,633.75 4,226.81 0.00 0.00
2-B4 298,704.78 6.500000% 264.07 1,617.98 1,882.06 0.00 0.00
2-B5 223,284.30 6.500000% 197.40 1,209.46 1,406.85 0.00 0.00
2-B6 298,956.05 6.500000% 264.29 1,619.35 1,883.64 0.00 0.00
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- ----------------------------------------------------------------------------------------------------------------------------------
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Totals - - 454,649,369.62 - 19,661,554.62 2,458,024.88 22,119,579.49 - -
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A1 254,896,141.00 0.00
1-A2 7,700,000.00 0.00
1-A3 35,000,000.00 0.00
1-APO 642,782.08 0.00
Residual 1-AR 0.00 0.00
2-A1 84,105,714.10 0.00
2-A2 12,000,000.00 0.00
2-A3 10,197,000.00 0.00
2-A4 15,000,000.00 0.00
2-APO 215,771.94 0.00
2-AR 0.00 0.00
1-B1 4,859,067.56 0.00
1-B2 2,429,038.06 0.00
1-B3 1,388,021.75 0.00
1-B4 695,002.32 0.00
1-B5 694,010.87 0.00
1-B6 694,352.63 0.00
2-B1 2,234,835.07 0.00
2-B2 745,606.02 0.00
2-B3 670,252.22 0.00
2-B4 298,440.71 0.00
2-B5 223,086.91 0.00
2-B6 298,691.76 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 434,987,815.01 -
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Payment Date: 09/25/02
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11
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 1-A1 267,274,471.48 6.500000% 06050HAK4 41.843140 4.893863 861.639205
1-A2 7,700,000.00 6.500000% 06050HAL2 0.000000 5.416667 1,000.000000
1-A3 35,000,000.00 6.500000% 06050HAM0 0.000000 5.416667 1,000.000000
1-APO 643,488.38 0.000000% 06050HAN8 1.025027 0.000000 932.855386
Residual 1-AR 0.00 6.500000% 06050HAP3 0.000000 0.293758 0.000000
2-A1 91,373,690.53 6.500000% 06050HAQ1 67.063220 4.566928 776.061953
2-A2 12,000,000.00 6.500000% 06050HAR9 0.000000 5.416667 1,000.000000
2-A3 10,197,000.00 6.500000% 06050HAS7 0.000000 5.416667 1,000.000000
2-A4 15,000,000.00 6.500000% 06050HAT5 0.000000 5.416667 1,000.000000
2-APO 216,678.29 0.000000% 06050HAU2 4.133410 0.000000 984.025340
2-AR 0.00 6.500000% 06050HAV0 0.000000 0.000000 0.000000
1-B1 4,863,438.78 6.500000% 06050HAW8 0.891903 5.375153 991.444105
1-B2 2,431,223.22 6.500000% 06050HAX6 0.891903 5.375153 991.444105
1-B3 1,389,270.41 6.500000% 06050HAY4 0.891903 5.375153 991.444105
1-B4 695,627.54 6.500000% 06050HBC1 0.891903 5.375153 991.444105
1-B5 694,635.21 6.500000% 06050HBD9 0.891903 5.375153 991.444105
1-B6 694,977.04 6.500000% 06050HBE7 0.891574 5.375155 991.444751
2-B1 2,236,812.54 6.500000% 06050HAZ1 0.877318 5.375363 991.497369
2-B2 746,265.76 6.500000% 06050HBA5 0.877318 5.375363 991.497369
2-B3 670,845.29 6.500000% 06050HBB3 0.877318 5.375363 991.497369
2-B4 298,704.78 6.500000% 06050HBF4 0.877318 5.375363 991.497369
2-B5 223,284.30 6.500000% 06050HBG2 0.877318 5.375363 991.497369
2-B6 298,956.05 6.500000% 06050HBH0 0.877318 5.375365 991.497844
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 454,649,369.62 - - - - -
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- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11
Bank of America, N.A., Master Servicer
------------------------------------------------------------
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COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 308,998,415.83 125,989,398.59 434,987,814.42
Loan count 688 281 969
Avg loan rate 6.979184% 6.997553% 6.98
Prepay amount 12,099,817.95 7,155,013.42 19,254,831.37
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 112,386.21 46,787.15 159,173.36
Sub servicer fees 0.00 0.00 0.00
Trustee fees 803.47 333.16 1,136.62
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 7,001,370.00 3,006,013.00 10,007,383.00
Special Hazard 3,441,574.67 1,982,757.64 5,424,332.31
Aggregate Certificate Information
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Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 454,649,369.62
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Junior 0.000000% 0.000000% 0.00
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,491,613.04
60 to 89 days 1 545,715.38
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 7 3,037,328.42
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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 22,119,579.49 22,119,579.49
Principal remittance amount 19,661,554.62 19,661,554.62
Interest remittance amount 2,458,024.88 2,458,024.88