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 1999-12 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-67267-11 13-4094909
(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 1999-12 Trust
On November 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-12 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of November 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 1999-12 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 November 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 1999-12 Trust
Bank of America, N.A., 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 4,673,584.31 7.500000% 4,673,584.31 28,349.78 4,701,934.09 0.00 860.12
A2 3,092,000.00 7.500000% 1,616,775.07 18,755.95 1,635,531.02 0.00 569.05
A3 2,542,000.00 7.500000% 0.00 15,419.67 15,419.67 0.00 467.83
A4 2,043,000.00 7.500000% 0.00 12,392.76 12,392.76 0.00 375.99
A5 10,000,000.00 7.500000% 0.00 60,659.62 60,659.62 0.00 1,840.38
A6 22,500,000.00 7.500000% 0.00 136,484.13 136,484.13 0.00 4,140.87
APO 1,003,350.64 0.000000% 151,065.53 0.00 151,065.53 0.00 0.00
Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,678,871.76 7.500000% 5,938.19 34,447.82 40,386.01 0.00 1,045.13
B2 1,638,341.40 7.500000% 1,713.15 9,938.12 11,651.27 0.00 301.52
B3 983,198.96 7.500000% 1,028.10 5,964.05 6,992.14 0.00 180.95
B4 656,113.03 7.500000% 686.07 3,979.96 4,666.03 0.00 120.75
B5 437,732.51 7.500000% 457.72 2,655.27 3,112.99 0.00 80.56
B6 266,918.37 7.500000% 279.11 1,619.12 1,898.22 0.00 49.12
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 55,515,110.98 - 6,451,527.25 330,666.24 6,782,193.49 - 10,032.26
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 860.12
A2 1,475,224.93 569.05
A3 2,542,000.00 467.83
A4 2,043,000.00 375.99
A5 10,000,000.00 1,840.38
A6 22,500,000.00 4,140.87
APO 852,285.11 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 5,672,933.57 1,045.13
B2 1,636,628.25 301.52
B3 982,170.86 180.95
B4 655,426.95 120.75
B5 437,274.79 80.56
B6 266,639.26 49.12
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 49,063,583.73 10,032.26
- --------------------------------------------------------------------------------
Payment Date: 11/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Trust
Bank of America, N.A., 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 4,673,584.31 7.500000% 060506KM3 27.033690 0.163985 0.000000
A2 3,092,000.00 7.500000% 060506KN1 522.889737 6.065962 477.110263
A3 2,542,000.00 7.500000% 060506KP6 0.000000 6.065962 1,000.000000
A4 2,043,000.00 7.500000% 060506KQ4 0.000000 6.065962 1,000.000000
A5 10,000,000.00 7.500000% 060506KR2 0.000000 6.065962 1,000.000000
A6 22,500,000.00 7.500000% 060506KS0 0.000000 6.065962 1,000.000000
APO 1,003,350.64 0.000000% 060506KT8 82.688197 0.000000 466.512227
Residual AR 0.00 7.500000% 060506KU5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,678,871.76 7.500000% 060506KV3 1.014902 5.887509 969.566496
B2 1,638,341.40 7.500000% 060506KW1 1.014902 5.887509 969.566497
B3 983,198.96 7.500000% 060506KX9 1.014902 5.887509 969.566497
B4 656,113.03 7.500000% 060506KY7 1.014902 5.887509 969.566500
B5 437,732.51 7.500000% 060506KZ4 1.014903 5.887513 969.567165
B6 266,918.37 7.500000% 060506LA8 0.619263 3.592382 591.600529
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 55,515,110.98 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Trust
Bank of America, N.A., Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 49,063,583.84 49,063,583.84
Loan count 135 135
Avg loan rate 7.797873% 7.80
Prepay amount 6,393,354.96 6,393,354.96
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 0.00 0.00
Sub servicer fees 0.00 0.00
Trustee fees 208.18 208.18
Agg advances N/A N/A
Adv this period 0.00 0.00
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 174,498.99 174,498.99
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 2,250,137.38 2,250,137.38
Special Hazard 1,931,647.06 1,931,647.06
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 82.612247% 100.000000% 45,853,934.95
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Junior 17.387753% 0.000000% 9,651,073.69
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 1,918,593.68
60 to 89 days 0 0.00
90 or more 1 272,857.02
Foreclosure 2 554,666.17
Totals: 9 2,746,116.87
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 6,782,193.49 6,782,193.49
Principal remittance amount 6,451,527.25 6,451,527.25
Interest remittance amount 330,666.24 330,666.24