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 2001-8 trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-08 13-4186195/94
(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 2001-8 trust
On December 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2001-8 trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 1, 2001, 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 2001-8 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 July 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, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 trust
Bank of America, NA, 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 104,619,578.90 6.750000% 25,074,480.36 588,485.13 25,662,965.49 0.00 0.00
A2 36,816,236.93 6.750000% 6,690,047.11 207,091.33 6,897,138.44 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.88 46,861.88 0.00 0.00
A5 13,700,845.56 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 8,825,154.44 6.750000% 77,067.26 49,641.49 126,708.75 0.00 0.00
A7 16,205,496.74 6.000000% 3,884,018.79 81,027.48 3,965,046.27 0.00 0.00
A8 0.00 2.230000% 0.00 0.00 0.00 0.00 0.00
A9 0.00 24.184286% 0.00 0.00 0.00 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.13 12,448.13 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 12,363,914.60 5.750000% 9,001,135.86 59,243.76 9,060,379.61 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 4,009,709.21 6.750000% 0.00 22,554.61 22,554.61 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.03 0.03 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 142,529,794.74 6.500000% 19,401,694.94 772,036.39 20,173,731.33 0.00 0.00
3A1 52,130,047.01 6.750000% 9,639,618.74 293,231.51 9,932,850.25 0.00 0.00
3A2 9,548,639.05 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 2,831,655.21 0.000000% 175,514.45 0.00 175,514.45 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,097,488.75 6.750000% 11,217.68 68,048.37 79,266.06 0.00 0.00
B2 5,337,533.56 6.750000% 4,949.35 30,023.63 34,972.98 0.00 0.00
B3 2,846,816.09 6.750000% 2,639.78 16,013.34 18,653.12 0.00 0.00
B4 1,779,506.66 6.750000% 1,650.09 10,009.72 11,659.81 0.00 0.00
B5 1,423,408.05 6.750000% 1,319.89 8,006.67 9,326.56 0.00 0.00
B6 1,325,666.54 6.750000% 0.00 4,705.63 4,705.63 1,229.04 0.00
2B1 1,867,307.12 6.500000% 7,241.73 10,114.58 17,356.31 0.00 0.00
2B2 1,005,473.07 6.500000% 3,899.39 5,446.31 9,345.70 0.00 0.00
2B3 574,556.04 6.500000% 2,228.22 3,112.18 5,340.40 0.00 0.00
2B4 287,278.02 6.500000% 1,114.11 1,556.09 2,670.20 0.00 0.00
2B5 287,278.02 6.500000% 1,114.11 1,556.09 2,670.20 0.00 0.00
2B6 287,946.12 6.500000% 1,116.70 1,559.71 2,676.41 0.31 0.00
3B1 2,803,357.92 6.750000% 2,593.19 15,768.89 18,362.08 0.00 0.00
3B2 791,095.37 6.750000% 731.79 4,449.91 5,181.70 0.00 0.00
3B3 432,044.61 6.750000% 399.65 2,430.25 2,829.91 0.00 0.00
3B4 432,044.61 6.750000% 399.65 2,430.25 2,829.91 0.00 0.00
3B5 288,029.74 6.750000% 266.44 1,620.17 1,886.60 0.00 0.00
3B6 288,274.36 6.750000% 266.65 1,621.54 1,888.20 0.05 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 639,026,467.81 - 73,986,725.93 3,414,474.67 77,401,200.60 1,229.41 -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 79,545,098.54 0.00
A2 30,126,189.82 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 13,777,912.81 0.00
A6 8,748,087.19 0.00
A7 12,321,477.96 0.00
A8 0.00 0.00
A9 0.00 0.00
A10 0.00 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 3,362,778.74 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 2,244,649.96 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 123,128,099.80 0.00
3A1 42,490,428.28 0.00
3A2 9,602,350.14 0.00
3A3 14,500,000.00 0.00
APO 2,656,140.77 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,086,271.07 0.00
B2 5,332,584.21 0.00
B3 2,844,176.31 0.00
B4 1,777,856.57 0.00
B5 1,422,088.16 0.00
B6 1,324,437.49 2,751.24
2B1 1,860,065.39 0.00
2B2 1,001,573.67 0.00
2B3 572,327.81 0.00
2B4 286,163.91 0.00
2B5 286,163.91 0.00
2B6 286,829.10 0.00
3B1 2,800,764.73 0.00
3B2 790,363.59 0.00
3B3 431,644.95 0.00
3B4 431,644.95 0.00
3B5 287,763.30 0.00
3B6 288,007.65 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 565,169,290.83 2,751.24
- --------------------------------------------------------------------------------
Payment Date: 12/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 trust
Bank of America, NA, 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 104,619,578.90 6.750000% 060506P22 89.923614 2.110461 285.269431
A2 36,816,236.93 6.750000% 060506P30 80.312690 2.486090 361.658941
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 13,700,845.56 6.750000% 060506P63 0.000000 0.000000 1,099.945139
A6 8,825,154.44 6.750000% 060506P71 7.706726 4.964149 874.808719
A7 16,205,496.74 6.000000% 060506P89 155.360751 3.241099 492.859118
A8 0.00 2.230000% 060506P97 0.000000 0.000000 0.000000
A9 0.00 24.184286% 060506Q21 0.000000 0.000000 0.000000
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 12,363,914.60 5.750000% 060506Q88 274.885810 1.809246 102.695946
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 4,009,709.21 6.750000% 060506R38 0.000000 2.817110 280.360636
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 0.694147 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 142,529,794.74 6.500000% 060506R79 64.927699 2.583617 412.047720
3A1 52,130,047.01 6.750000% 060506R87 82.341343 2.504775 362.952005
3A2 9,548,639.05 6.750000% 060506R95 0.000000 0.000000 1,100.051568
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 2,831,655.21 0.000000% 060506S37 52.035165 0.000000 787.472075
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,097,488.75 6.750000% 060506S45 0.914684 5.548628 985.508078
B2 5,337,533.56 6.750000% 060506S52 0.914684 5.548628 985.508078
B3 2,846,816.09 6.750000% 060506S60 0.914684 5.548628 985.508078
B4 1,779,506.66 6.750000% 060506T51 0.914684 5.548628 985.508078
B5 1,423,408.05 6.750000% 060506T69 0.914684 5.548628 985.508078
B6 1,325,666.54 6.750000% 060506T77 0.000000 3.261040 917.845604
2B1 1,867,307.12 6.500000% 060506S78 3.664841 5.118715 941.328641
2B2 1,005,473.07 6.500000% 060506S86 3.664841 5.118715 941.328641
2B3 574,556.04 6.500000% 060506S94 3.664841 5.118715 941.328641
2B4 287,278.02 6.500000% 060506T85 3.664841 5.118715 941.328641
2B5 287,278.02 6.500000% 060506T93 3.664841 5.118715 941.328641
2B6 287,946.12 6.500000% 060506U26 3.664846 5.118721 941.328814
3B1 2,803,357.92 6.750000% 060506T28 0.912452 5.548518 985.490757
3B2 791,095.37 6.750000% 060506T36 0.912452 5.548518 985.490757
3B3 432,044.61 6.750000% 060506T44 0.912452 5.548518 985.490757
3B4 432,044.61 6.750000% 060506U34 0.912452 5.548518 985.490757
3B5 288,029.74 6.750000% 060506U42 0.912452 5.548518 985.490757
3B6 288,274.36 6.750000% 060506U59 0.912419 5.548520 985.490960
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 639,026,467.81 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 trust
Bank of America, NA, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 365,445,979.79 127,807,407.16 71,915,903.88
Loan count 913 311 178
Avg loan rate 7.181947% 6.916497% 7.202292%
Prepay amount 44,432,684.23 18,873,872.57 9,523,587.73
Total
-----
Prin balance 565,169,290.83
Loan count 1402
Avg loan rate 7.12
Prepay amount 72,830,144.53
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 77,564.39 25,474.44 17,641.90
Sub servicer fees 0.00 0.00 0.00
Trustee fees 683.77 245.42 135.86
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 120,680.73
Sub servicer fees 0.00
Trustee fees 1,065.04
Agg advances N/A
Adv this period 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 101,796.81 0.00 0.00
Total
-----
Realized losses 0.00
Cumulative losses 101,796.81
Coverage Amounts
- ----------------
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 6,390,264.68 0.00 0.00
Total
-----
Bankruptcy 0.00
Fraud 0.00
Special Hazard 6,390,264.68
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.661708% 100.000000% 604,871,363.18
-----------------------------------------------------------------------------
Junior 5.338292% 0.000000% 34,110,726.79
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 19 7,465,172.77
60 to 89 days 5 2,140,084.25
90 or more 1 305,474.54
Foreclosure 1 423,145.00
Totals: 26 10,333,876.56
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 77,401,200.60 77,401,200.60
Principal remittance amount 73,986,725.93 73,986,725.93
Interest remittance amount 3,414,474.67 3,414,474.67