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): December 25, 2002
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-02 13-4186206
(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 2001-5 Trust
On December 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-5 Trust, 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 Trust relating to the distribution date of
December 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: December 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 December 25, 2002
Payment Date: 12/25/02
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 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 12,327,489.86 6.750000% 5,384,900.62 68,213.31 5,453,113.94 0.00 1,128.82
A2 84,211.08 6.750000% 31,334.69 465.98 31,800.66 0.00 7.71
A3 27,453,784.51 6.750000% 12,988,310.76 151,913.62 13,140,224.38 0.00 2,513.92
A4 5,601,000.00 6.750000% 0.00 30,992.75 30,992.75 0.00 512.88
A5 1,000,000.00 6.750000% 0.00 5,533.43 5,533.43 0.00 91.57
A6 3,393,000.00 7.000000% 0.00 19,470.30 19,470.30 0.00 322.20
A7 2,447,000.00 7.000000% 0.00 14,041.80 14,041.80 0.00 232.37
A8 5,772,000.00 7.000000% 0.00 33,121.89 33,121.89 0.00 548.11
A9 4,796,000.00 7.000000% 0.00 27,521.24 27,521.24 0.00 455.43
A10 16,408,000.00 6.500000% 0.00 87,429.85 87,429.85 0.00 1,446.82
A11 10,637,652.21 7.000000% 2,966,425.47 61,042.81 3,027,468.28 0.00 1,010.16
A12 10,637,652.21 6.500000% 2,966,425.47 56,682.61 3,023,108.08 0.00 938.00
A13 7,342,744.61 6.750000% 0.00 0.00 0.00 0.00 672.37
A14 2,112,860.03 6.750000% 0.00 0.00 0.00 0.00 193.47
A15 50,000,000.00 6.750000% 0.00 276,671.55 276,671.55 0.00 4,578.45
A16 74,654.94 6.750000% 11,330.31 413.10 11,743.40 0.00 6.84
APO 117,401.20 0.000000% 12,268.49 0.00 12,268.49 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,126,971.06 6.750000% 7,273.72 44,970.03 52,243.76 0.00 744.18
B2 3,694,704.40 6.750000% 3,306.80 20,444.39 23,751.19 0.00 338.32
B3 2,216,625.69 6.750000% 1,983.90 12,265.55 14,249.45 0.00 202.97
B4 1,231,896.38 6.750000% 1,102.56 6,816.61 7,919.17 0.00 112.80
B5 985,714.05 6.750000% 882.22 5,454.38 6,336.60 0.00 90.26
B6 984,254.46 6.750000% 880.92 5,446.30 6,327.22 0.00 90.13
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- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 177,445,616.67 - 24,376,425.93 928,911.56 25,305,337.49 - 16,237.78
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 6,942,589.23 1,128.82
A2 52,876.40 7.71
A3 14,465,473.75 2,513.92
A4 5,601,000.00 512.88
A5 1,000,000.00 91.57
A6 3,393,000.00 322.20
A7 2,447,000.00 232.37
A8 5,772,000.00 548.11
A9 4,796,000.00 455.43
A10 16,408,000.00 1,446.82
A11 7,671,226.74 1,010.16
A12 7,671,226.74 938.00
A13 7,383,375.18 672.37
A14 2,124,551.39 193.47
A15 50,000,000.00 4,578.45
A16 63,324.63 6.84
APO 105,132.71 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,119,697.34 744.18
B2 3,691,397.60 338.32
B3 2,214,641.79 202.97
B4 1,230,793.82 112.80
B5 984,831.82 90.26
B6 983,373.54 90.13
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 153,121,512.67 16,237.78
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Payment Date: 12/25/02
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, N.A. Servicer
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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 12,327,489.86 6.750000% 060506XZ0 64.229066 0.813623 82.808588
A2 84,211.08 6.750000% 060506YA4 62.669373 0.931952 105.752794
A3 27,453,784.51 6.750000% 060506YB2 64.941554 0.759568 72.327369
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.533431 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 0.000000 5.533431 1,000.000000
A6 3,393,000.00 7.000000% 060506YE6 0.000000 5.738373 1,000.000000
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.738373 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.738373 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.738373 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 0.000000 5.328489 1,000.000000
A11 10,637,652.21 7.000000% 060506YK2 59.328509 1.220856 153.424535
A12 10,637,652.21 6.500000% 060506YL0 59.328509 1.133652 153.424535
A13 7,342,744.61 6.750000% 060506YM8 0.000000 0.000000 1,118.184943
A14 2,112,860.03 6.750000% 060506YN6 0.000000 0.000000 1,118.184943
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.533431 1,000.000000
A16 74,654.94 6.750000% 060506YQ9 50.356913 1.835991 281.442804
APO 117,401.20 0.000000% 060506YR7 84.477053 0.000000 723.911532
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,126,971.06 6.750000% 060506YT3 0.881343 5.448932 983.847975
B2 3,694,704.40 6.750000% 060506YU0 0.881343 5.448932 983.847975
B3 2,216,625.69 6.750000% 060506YV8 0.881343 5.448932 983.847975
B4 1,231,896.38 6.750000% 060506YW6 0.881343 5.448932 983.847975
B5 985,714.05 6.750000% 060506YX4 0.881343 5.448932 983.847975
B6 984,254.46 6.750000% 060506YY2 0.879893 5.439965 982.229065
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 177,445,616.67 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, N.A. Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 153,121,512.07 153,121,512.07
Loan count 393 393
Avg loan rate 7.473099% 7.47
Prepay amount 24,165,276.94 24,165,276.94
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 53,862.85 53,862.85
Sub servicer fees 0.00 0.00
Trustee fees 517.55 517.55
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 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 147,974.56 147,974.56
Fraud 0.00 0.00
Special Hazard 1,968,361.82 1,968,361.82
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 90.292105% 100.000000% 160,205,450.64
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Junior 9.707895% 0.000000% 17,224,735.91
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 9 3,316,041.20
60 to 89 days 1 385,027.34
90 or more 1 433,969.77
Foreclosure 1 296,758.58
Totals: 12 4,431,796.89
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 25,305,337.49 25,305,337.49
Principal remittance amount 24,376,425.93 24,376,425.93
Interest remittance amount 928,911.56 928,911.56