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): October 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 October 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 October
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: October 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 October 25, 2002
Payment Date: 10/25/02
------------------------------------------------------------
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 26,329,886.83 6.750000% 6,744,028.26 141,625.91 6,885,654.17 0.00 6,479.70
A2 165,735.21 6.750000% 39,263.27 891.47 40,154.74 0.00 40.79
A3 61,219,288.20 6.750000% 16,262,886.06 329,292.62 16,592,178.68 0.00 15,065.88
A4 5,601,000.00 6.750000% 0.00 30,127.24 30,127.24 0.00 1,378.39
A5 1,000,000.00 6.750000% 0.00 5,378.90 5,378.90 0.00 246.10
A6 3,393,000.00 7.000000% 0.00 18,926.57 18,926.57 0.00 865.93
A7 2,447,000.00 7.000000% 0.00 13,649.66 13,649.66 0.00 624.50
A8 5,772,000.00 7.000000% 0.00 32,196.92 32,196.92 0.00 1,473.08
A9 4,796,000.00 7.000000% 0.00 26,752.67 26,752.67 0.00 1,224.00
A10 16,408,000.00 6.500000% 0.00 84,988.26 84,988.26 0.00 3,888.40
A11 18,355,465.34 7.000000% 3,717,016.60 102,389.02 3,819,405.62 0.00 4,684.53
A12 18,355,465.34 6.500000% 3,717,016.60 95,075.52 3,812,092.11 0.00 4,349.92
A13 7,263,499.79 6.750000% 0.00 0.00 0.00 0.00 1,787.53
A14 2,090,057.49 6.750000% 0.00 0.00 0.00 0.00 514.36
A15 50,000,000.00 6.750000% 0.00 268,945.15 268,945.15 0.00 12,304.85
A16 104,133.24 6.750000% 14,197.20 560.12 14,757.32 0.00 25.63
APO 136,207.54 0.000000% 11,709.98 0.00 11,709.98 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,141,262.72 6.750000% 7,099.95 43,791.06 50,891.02 0.00 2,003.54
B2 3,701,201.71 6.750000% 3,227.80 19,908.41 23,136.20 0.00 910.85
B3 2,220,523.73 6.750000% 1,936.51 11,943.98 13,880.49 0.00 546.46
B4 1,234,062.72 6.750000% 1,076.22 6,637.90 7,714.12 0.00 303.70
B5 987,447.47 6.750000% 861.15 5,311.38 6,172.53 0.00 243.01
B6 987,610.83 6.750000% 861.17 5,312.26 6,173.43 1,624.27 243.05
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 240,708,848.17 - 30,521,180.75 1,243,705.03 31,764,885.78 1,624.27 59,204.19
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 19,585,858.58 6,479.70
A2 126,471.95 40.79
A3 44,956,402.14 15,065.88
A4 5,601,000.00 1,378.39
A5 1,000,000.00 246.10
A6 3,393,000.00 865.93
A7 2,447,000.00 624.50
A8 5,772,000.00 1,473.08
A9 4,796,000.00 1,224.00
A10 16,408,000.00 3,888.40
A11 14,638,448.75 4,684.53
A12 14,638,448.75 4,349.92
A13 7,302,569.45 1,787.53
A14 2,101,299.70 514.36
A15 50,000,000.00 12,304.85
A16 89,936.04 25.63
APO 124,497.56 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,134,162.77 2,003.54
B2 3,697,973.91 910.85
B3 2,218,587.23 546.46
B4 1,232,986.50 303.70
B5 986,586.32 243.01
B6 985,125.38 243.05
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 210,236,355.02 59,204.19
- --------------------------------------------------------------------------------
Payment Date: 10/25/02
------------------------------------------------------------
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 26,329,886.83 6.750000% 060506XZ0 80.440228 1.689260 233.612741
A2 165,735.21 6.750000% 060506YA4 78.526531 1.782947 252.943896
A3 61,219,288.20 6.750000% 060506YB2 81.314430 1.646463 224.782011
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.378903 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 0.000000 5.378903 1,000.000000
A6 3,393,000.00 7.000000% 060506YE6 0.000000 5.578122 1,000.000000
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.578122 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.578122 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.578122 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 0.000000 5.179684 1,000.000000
A11 18,355,465.34 7.000000% 060506YK2 74.340332 2.047780 292.768975
A12 18,355,465.34 6.500000% 060506YL0 74.340332 1.901510 292.768975
A13 7,263,499.79 6.750000% 060506YM8 0.000000 0.000000 1,105.947213
A14 2,090,057.49 6.750000% 060506YN6 0.000000 0.000000 1,105.947213
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.378903 1,000.000000
A16 104,133.24 6.750000% 060506YQ9 63.098664 2.489434 399.715721
APO 136,207.54 0.000000% 060506YR7 80.631302 0.000000 857.251975
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,141,262.72 6.750000% 060506YT3 0.860288 5.306078 985.600723
B2 3,701,201.71 6.750000% 060506YU0 0.860288 5.306078 985.600723
B3 2,220,523.73 6.750000% 060506YV8 0.860288 5.306078 985.600723
B4 1,234,062.72 6.750000% 060506YW6 0.860288 5.306078 985.600723
B5 987,447.47 6.750000% 060506YX4 0.860288 5.306078 985.600723
B6 987,610.83 6.750000% 060506YY2 0.860170 5.306080 983.978872
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 240,708,848.17 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5
Bank of America, N.A. Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 210,236,354.48 210,236,354.48
Loan count 531 531
Avg loan rate 7.482114% 7.48
Prepay amount 29,779,259.73 29,779,259.73
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 37,567.50 37,567.50
Sub servicer fees 0.00 0.00
Trustee fees 702.07 702.07
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 1,624.27 1,624.27
Cumulative losses 1,624.27 1,624.27
Coverage Amounts Total
- ---------------- -----
Bankruptcy 147,974.56 147,974.56
Fraud 0.00 0.00
Special Hazard 2,407,088.48 2,407,088.48
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 92.830916% 100.000000% 223,436,738.98
-----------------------------------------------------------------------------
Junior 7.169084% 0.000000% 17,255,422.12
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 3,684,552.93
60 to 89 days 2 667,943.71
90 or more 0 0.00
Foreclosure 1 310,142.86
Totals: 13 4,662,639.50
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 31,764,885.78 31,764,885.78
Principal remittance amount 30,521,180.75 30,521,180.75
Interest remittance amount 1,243,705.03 1,243,705.03