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): November 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-67267-04 13-4067086
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
101 Barclay St. 8W, New York, NY 10286
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 212-815-6140
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 1999-5 Trust
On November 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-5 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of May 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 1999-5 Trust relating to the distribution date of
November 25, 2002 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of May 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: November 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 November 25, 2002
Payment Date: 11/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, 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 47,596,461.18 6.500000% 12,396,963.54 257,814.16 12,654,777.70 0.00 0.00
A2 61,756,519.41 6.500000% 9,866,343.23 334,514.48 10,200,857.71 0.00 0.00
A3 38,438,989.80 6.500000% 9,257,725.27 208,211.19 9,465,936.47 0.00 0.00
A4 60,000,000.00 6.500000% 0.00 325,000.00 325,000.00 0.00 0.00
A5 3,282,000.00 6.750000% 0.00 18,461.25 18,461.25 0.00 0.00
A6 4,224,000.00 6.750000% 0.00 23,760.00 23,760.00 0.00 0.00
A7 1,431,000.00 6.750000% 0.00 8,049.38 8,049.38 0.00 0.00
A8 2,950,000.00 6.750000% 0.00 16,593.75 16,593.75 0.00 0.00
A9 3,113,000.00 6.750000% 0.00 17,510.63 17,510.63 0.00 0.00
A10 3,000,000.00 7.000000% 0.00 17,500.00 17,500.00 0.00 0.00
A11 2,000,000.00 7.000000% 0.00 11,666.67 11,666.67 0.00 0.00
A12 5,000,000.00 5.500000% 0.00 22,916.67 22,916.67 0.00 0.00
A13 3,325,000.00 7.000000% 0.00 19,395.83 19,395.83 0.00 0.00
A14 3,177,667.00 7.000000% 0.00 18,536.39 18,536.39 0.00 0.00
A15 5,000,000.00 6.250000% 0.00 26,041.67 26,041.67 0.00 0.00
A16 5,938,000.00 7.000000% 0.00 34,638.33 34,638.33 0.00 0.00
A17 3,160,000.00 7.000000% 0.00 18,433.33 18,433.33 0.00 0.00
A18 2,513,904.00 7.000000% 0.00 14,664.44 14,664.44 0.00 0.00
A19 1,393,429.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A20 13,117,156.62 6.500000% 73,665.82 71,051.27 144,717.08 0.00 0.00
A21 13,599,843.38 6.500000% 0.00 0.00 0.00 0.00 0.00
A22 100,000.00 6.500000% 0.00 541.67 541.67 0.00 0.00
APO 603,496.97 0.000000% 6,940.17 0.00 6,940.17 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,398,408.12 6.500000% 14,653.67 67,158.04 81,811.71 0.00 0.00
B2 4,324,892.07 6.500000% 5,111.59 23,426.50 28,538.08 0.00 0.00
B3 2,018,859.24 6.500000% 2,386.09 10,935.49 13,321.58 0.00 0.00
B4 2,018,859.24 6.500000% 2,386.09 10,935.49 13,321.58 0.00 0.00
B5 1,153,496.64 6.500000% 1,363.32 6,248.11 7,611.42 0.00 0.00
B6 1,153,828.81 6.500000% 1,363.71 6,249.91 7,613.62 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 307,788,811.47 - 31,628,902.48 1,590,254.63 33,219,157.11 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 35,199,497.64 0.00
A2 51,890,176.18 0.00
A3 29,181,264.53 0.00
A4 60,000,000.00 0.00
A5 3,282,000.00 0.00
A6 4,224,000.00 0.00
A7 1,431,000.00 0.00
A8 2,950,000.00 0.00
A9 3,113,000.00 0.00
A10 3,000,000.00 0.00
A11 2,000,000.00 0.00
A12 5,000,000.00 0.00
A13 3,325,000.00 0.00
A14 3,177,667.00 0.00
A15 5,000,000.00 0.00
A16 5,938,000.00 0.00
A17 3,160,000.00 0.00
A18 2,513,904.00 0.00
A19 1,393,429.00 0.00
A20 13,043,490.80 0.00
A21 13,673,509.20 0.00
A22 100,000.00 0.00
APO 596,556.80 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,383,754.45 0.00
B2 4,319,780.49 0.00
B3 2,016,473.15 0.00
B4 2,016,473.15 0.00
B5 1,152,133.32 0.00
B6 1,152,465.10 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 276,233,574.81 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, 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 47,596,461.18 6.500000% 060506DQ2 76.409852 1.589062 216.955417
A2 61,756,519.41 6.500000% 060506DR0 64.485903 2.186369 339.151478
A3 38,438,989.80 6.500000% 060506DS8 74.626576 1.678392 235.230339
A4 60,000,000.00 6.500000% 060506DT6 0.000000 5.416667 1,000.000000
A5 3,282,000.00 6.750000% 060506DU3 0.000000 5.625000 1,000.000000
A6 4,224,000.00 6.750000% 060506DV1 0.000000 5.625000 1,000.000000
A7 1,431,000.00 6.750000% 060506DW9 0.000000 5.625000 1,000.000000
A8 2,950,000.00 6.750000% 060506DX7 0.000000 5.625000 1,000.000000
A9 3,113,000.00 6.750000% 060506DY5 0.000000 5.625000 1,000.000000
A10 3,000,000.00 7.000000% 060506DZ2 0.000000 5.833333 1,000.000000
A11 2,000,000.00 7.000000% 060506EA6 0.000000 5.833333 1,000.000000
A12 5,000,000.00 5.500000% 060506EB4 0.000000 4.583333 1,000.000000
A13 3,325,000.00 7.000000% 060506EC2 0.000000 5.833333 1,000.000000
A14 3,177,667.00 7.000000% 060506ED0 0.000000 5.833333 1,000.000000
A15 5,000,000.00 6.250000% 060506EE8 0.000000 5.208333 1,000.000000
A16 5,938,000.00 7.000000% 060506EF5 0.000000 5.833333 1,000.000000
A17 3,160,000.00 7.000000% 060506EG3 0.000000 5.833333 1,000.000000
A18 2,513,904.00 7.000000% 060506EH1 0.000000 5.833333 1,000.000000
A19 1,393,429.00 0.000000% 060506EJ7 0.000000 0.000000 1,000.000000
A20 13,117,156.62 6.500000% 060506EV0 4.656794 4.491514 824.545850
A21 13,599,843.38 6.500000% 060506EK4 0.000000 0.000000 1,254.680602
A22 100,000.00 6.500000% 060506EL2 0.000000 5.416667 1,000.000000
APO 603,496.97 0.000000% 060506EM0 9.345756 0.000000 803.334231
Residual AR 0.00 6.500000% 060506EN8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,398,408.12 6.500000% 060506EP3 1.135151 5.202420 959.311678
B2 4,324,892.07 6.500000% 060506EQ1 1.135151 5.202420 959.311678
B3 2,018,859.24 6.500000% 060506ER9 1.135151 5.202420 959.311678
B4 2,018,859.24 6.500000% 060506ES7 1.135151 5.202420 959.311678
B5 1,153,496.64 6.500000% 060506ET5 1.135151 5.202420 959.311677
B6 1,153,828.81 6.500000% 060506EU2 1.135224 5.202756 959.373545
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 307,788,811.47 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 276,233,572.51 276,233,572.51
Loan count 815 815
Avg loan rate 7.033890% 7.03
Prepay amount 31,191,405.48 31,191,405.48
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 85,897.47 85,897.47
Sub servicer fees 0.00 0.00
Trustee fees 897.72 897.72
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 6,003,829.70 6,003,829.70
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 92.513334% 100.000000% 284,720,467.35
-----------------------------------------------------------------------------
Junior 7.486666% 0.000000% 23,041,079.66
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 3,392,894.16
60 to 89 days 4 1,028,782.14
90 or more 0 0.00
Foreclosure 1 252,979.65
Totals: 15 4,674,655.95
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 569,161.77
Current Total Outstanding Number of Loans: 2
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 33,219,157.11 33,219,157.11
Principal remittance amount 31,628,902.48 31,628,902.48
Interest remittance amount 1,590,254.63 1,590,254.63