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 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 December 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
December 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: 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
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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 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
A2 1,475,224.93 7.500000% 1,475,224.93 9,123.37 1,484,348.31 0.00 96.78
A3 2,542,000.00 7.500000% 2,542,000.00 15,720.73 2,557,720.73 0.00 166.77
A4 2,043,000.00 7.500000% 1,087,100.29 12,634.72 1,099,735.00 0.00 134.03
A5 10,000,000.00 7.500000% 0.00 61,843.94 61,843.94 0.00 656.06
A6 22,500,000.00 7.500000% 0.00 139,148.87 139,148.87 0.00 1,476.13
APO 852,285.11 0.000000% 89,749.35 0.00 89,749.35 0.00 0.00
Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,672,933.57 7.500000% 5,993.97 35,083.66 41,077.62 0.00 372.18
B2 1,636,628.25 7.500000% 1,729.25 10,121.55 11,850.80 0.00 107.37
B3 982,170.86 7.500000% 1,037.75 6,074.13 7,111.88 0.00 64.44
B4 655,426.95 7.500000% 692.52 4,053.42 4,745.94 0.00 43.00
B5 437,274.79 7.500000% 462.02 2,704.28 3,166.30 0.00 28.69
B6 266,639.26 7.500000% 281.73 1,649.00 1,930.73 0.00 17.49
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 49,063,583.73 - 5,204,271.80 298,157.67 5,502,429.47 - 3,162.95
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 0.00 96.78
A3 0.00 166.77
A4 955,899.71 134.03
A5 10,000,000.00 656.06
A6 22,500,000.00 1,476.13
APO 762,535.76 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 5,666,939.60 372.18
B2 1,634,899.00 107.37
B3 981,133.11 64.44
B4 654,734.44 43.00
B5 436,812.77 28.69
B6 266,357.53 17.49
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 43,859,311.93 3,162.95
- --------------------------------------------------------------------------------
Payment Date: 12/25/02
------------------------------------------------------------
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 0.00 7.500000% 060506KM3 0.000000 0.000000 0.000000
A2 1,475,224.93 7.500000% 060506KN1 477.110263 2.950638 0.000000
A3 2,542,000.00 7.500000% 060506KP6 1,000.000000 6.184394 0.000000
A4 2,043,000.00 7.500000% 060506KQ4 532.109783 6.184394 467.890217
A5 10,000,000.00 7.500000% 060506KR2 0.000000 6.184394 1,000.000000
A6 22,500,000.00 7.500000% 060506KS0 0.000000 6.184394 1,000.000000
APO 852,285.11 0.000000% 060506KT8 49.125778 0.000000 417.386448
Residual AR 0.00 7.500000% 060506KU5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 5,672,933.57 7.500000% 060506KV3 1.024434 5.996181 968.542062
B2 1,636,628.25 7.500000% 060506KW1 1.024434 5.996181 968.542062
B3 982,170.86 7.500000% 060506KX9 1.024434 5.996181 968.542063
B4 655,426.95 7.500000% 060506KY7 1.024434 5.996181 968.542066
B5 437,274.79 7.500000% 060506KZ4 1.024435 5.996185 968.542730
B6 266,639.26 7.500000% 060506LA8 0.625079 3.658691 590.975450
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 49,063,583.73 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
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 43,859,312.04 43,859,312.04
Loan count 122 122
Avg loan rate 7.813989% 7.81
Prepay amount 5,152,322.38 5,152,322.38
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 4,596.13 4,596.13
Sub servicer fees 0.00 0.00
Trustee fees 183.99 183.99
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 1,902,187.52 1,902,187.52
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 80.346155% 100.000000% 39,412,510.04
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Junior 19.653845% 0.000000% 9,640,876.46
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 3 856,049.29
60 to 89 days 1 465,477.86
90 or more 0 0.00
Foreclosure 3 827,523.19
Totals: 7 2,149,050.34
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- --------------------------------------------------------------------------------
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 5,502,429.47 5,502,429.47
Principal remittance amount 5,204,271.80 5,204,271.80
Interest remittance amount 298,157.67 298,157.67