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 1999-9)
(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., 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 1999-9
On September 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-9, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of August 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 1999-9 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 August 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: 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 1999-9
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 1,129,482.91 7.000000% 1,129,482.91 6,588.65 1,136,071.56 0.00 0.00
A2 6,026,975.93 7.000000% 4,220,048.80 35,157.36 4,255,206.16 0.00 0.00
A3 17,940,244.63 7.000000% 10,740,927.19 104,651.43 10,845,578.61 0.00 0.00
A4 18,869,488.25 7.000000% 448,067.01 110,072.01 558,139.03 0.00 0.00
A5 39,333,000.00 7.000000% 377,276.76 229,442.50 606,719.26 0.00 0.00
A6 24,658,511.75 7.000000% 0.00 0.00 0.00 0.00 0.00
A7 14,647,000.00 7.000000% 0.00 85,440.83 85,440.83 0.00 0.00
A8 40,000,000.00 7.000000% 0.00 233,333.33 233,333.33 0.00 0.00
A9 39,000,000.00 7.000000% 0.00 227,500.00 227,500.00 0.00 0.00
A10 1,000,000.00 7.000000% 0.00 5,833.33 5,833.33 0.00 0.00
APO 3,547,183.20 0.000000% 265,320.60 0.00 265,320.60 0.00 0.00
Residual AR 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,257,674.98 7.000000% 11,249.18 59,836.44 71,085.62 0.00 0.00
B2 2,903,553.40 7.000000% 3,184.21 16,937.39 20,121.61 0.00 0.00
B3 1,548,948.56 7.000000% 1,698.67 9,035.53 10,734.20 0.00 0.00
B4 1,162,194.87 7.000000% 1,274.53 6,779.47 8,054.00 0.00 0.00
B5 774,474.28 7.000000% 849.34 4,517.77 5,367.10 0.00 0.00
B6 774,853.39 7.000000% 849.75 4,519.98 5,369.73 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 223,573,586.15 - 17,200,228.96 1,139,646.03 18,339,874.99 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 1,806,927.13 0.00
A3 7,199,317.45 0.00
A4 18,421,421.24 0.00
A5 38,955,723.24 0.00
A6 24,802,353.07 0.00
A7 14,647,000.00 0.00
A8 40,000,000.00 0.00
A9 39,000,000.00 0.00
A10 1,000,000.00 0.00
APO 3,281,862.60 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 10,246,425.80 0.00
B2 2,900,369.18 0.00
B3 1,547,249.89 0.00
B4 1,160,920.33 0.00
B5 773,624.95 0.00
B6 774,003.64 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 206,517,198.51 -
- --------------------------------------------------------------------------------
Payment Date: 09/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
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 1,129,482.91 7.000000% 060506HP0 56.474145 0.329433 0.000000
A2 6,026,975.93 7.000000% 060506HQ8 84.400976 0.703147 36.138543
A3 17,940,244.63 7.000000% 060506HR6 82.710954 0.805873 55.438642
A4 18,869,488.25 7.000000% 060506HS4 19.043991 4.678341 782.957380
A5 39,333,000.00 7.000000% 060506HT2 9.591863 5.833333 990.408137
A6 24,658,511.75 7.000000% 060506HU9 0.000000 0.000000 1,240.117653
A7 14,647,000.00 7.000000% 060506HV7 0.000000 5.833333 1,000.000000
A8 40,000,000.00 7.000000% 060506HW5 0.000000 5.833333 1,000.000000
A9 39,000,000.00 7.000000% 060506HX3 0.000000 5.833333 1,000.000000
A10 1,000,000.00 7.000000% 060506HY1 0.000000 5.833333 1,000.000000
APO 3,547,183.20 0.000000% 060506HZ8 53.613786 0.000000 663.171567
Residual AR 0.00 7.000000% 060506JA1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 10,257,674.98 7.000000% 060506JB9 1.060344 5.640158 965.823904
B2 2,903,553.40 7.000000% 060506JC7 1.060344 5.640158 965.823904
B3 1,548,948.56 7.000000% 060506JR4 1.060344 5.640158 965.823904
B4 1,162,194.87 7.000000% 060506JD5 1.060344 5.640158 965.823904
B5 774,474.28 7.000000% 060506JE3 1.060344 5.640158 965.823904
B6 774,853.39 7.000000% 060506JF0 1.060344 5.640158 965.823904
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 223,573,586.15 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-9
Bank of America, N.A., Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 206,517,187.05 206,517,187.05
Loan count 623 623
Avg loan rate 7.221028% 7.22
Prepay amount 16,811,079.35 16,811,079.35
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 35,406.82 35,406.82
Sub servicer fees 0.00 0.00
Trustee fees 745.25 745.25
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 4,003,362.30 4,003,362.30
Special Hazard 2,235,735.75 2,235,735.75
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 92.215502% 100.000000% 206,151,886.67
-----------------------------------------------------------------------------
Junior 7.784498% 0.000000% 17,402,593.80
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,051,212.91
60 to 89 days 2 911,598.73
90 or more 1 278,364.35
Foreclosure 1 295,002.77
Totals: 8 2,536,178.76
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 18,339,874.99 18,339,874.99
Principal remittance amount 17,200,228.96 17,200,228.96
Interest remittance amount 1,139,646.03 1,139,646.03