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): January 25, 2003
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-15 13-4197522/24
(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 2001-11 Trust
On January 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2001-11 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, 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 2001-11 Trust relating to the distribution date of
January 25, 2003 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of November 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: January 25, 2003
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 January 25, 2003
Payment Date: 01/25/03
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 Trust
Bank of America, N.A., Servicer
------------------------------------------------------------
Class Information Current Payment Information
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Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior 1-A1 194,393,314.72 6.500000% 23,424,647.31 1,052,294.04 24,476,941.35 0.00 669.75
1-A2 7,700,000.00 6.500000% 0.00 41,681.80 41,681.80 0.00 26.53
1-A3 35,000,000.00 6.500000% 0.00 189,462.75 189,462.75 0.00 120.59
1-APO 589,648.91 0.000000% 14,586.98 0.00 14,586.98 0.00 0.00
Residual 1-AR 0.00 6.500000% 0.00 0.03 0.03 0.00 0.00
2-A1 55,338,921.65 6.500000% 9,873,397.75 295,071.84 10,168,469.59 0.00 4,680.65
2-A2 12,000,000.00 6.500000% 0.00 63,985.02 63,985.02 0.00 1,014.98
2-A3 10,197,000.00 6.500000% 0.00 54,371.27 54,371.27 0.00 862.48
2-A4 15,000,000.00 6.500000% 0.00 79,981.28 79,981.28 0.00 1,268.72
2-APO 212,564.62 0.000000% 902.51 0.00 902.51 0.00 0.00
2-AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-B1 4,845,715.16 6.500000% 4,550.45 26,230.93 30,781.38 0.00 16.70
1-B2 2,422,363.22 6.500000% 2,274.76 13,112.79 15,387.55 0.00 8.35
1-B3 1,384,207.55 6.500000% 1,299.86 7,493.02 8,792.89 0.00 4.77
1-B4 693,092.50 6.500000% 650.86 3,751.86 4,402.72 0.00 2.39
1-B5 692,103.78 6.500000% 649.93 3,746.51 4,396.44 0.00 2.38
1-B6 692,444.68 6.500000% 650.25 3,748.36 4,398.61 0.00 2.39
2-B1 2,228,804.62 6.500000% 2,106.14 11,884.18 13,990.32 0.00 188.52
2-B2 743,594.09 6.500000% 702.67 3,964.91 4,667.58 0.00 62.89
2-B3 668,443.62 6.500000% 631.66 3,564.20 4,195.85 0.00 56.54
2-B4 297,635.40 6.500000% 281.25 1,587.02 1,868.27 0.00 25.17
2-B5 222,484.93 6.500000% 210.24 1,186.31 1,396.55 0.00 18.82
2-B6 297,885.98 6.500000% 281.49 1,588.35 1,869.85 0.00 25.20
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Totals - - 345,620,225.44 - 33,327,824.12 1,858,706.46 35,186,530.58 - 9,057.81
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A1 170,968,667.41 669.75
1-A2 7,700,000.00 26.53
1-A3 35,000,000.00 120.59
1-APO 575,061.93 0.00
Residual 1-AR 0.00 0.00
2-A1 45,465,523.90 4,680.65
2-A2 12,000,000.00 1,014.98
2-A3 10,197,000.00 862.48
2-A4 15,000,000.00 1,268.72
2-APO 211,662.11 0.00
2-AR 0.00 0.00
1-B1 4,841,164.71 16.70
1-B2 2,420,088.46 8.35
1-B3 1,382,907.69 4.77
1-B4 692,441.64 2.39
1-B5 691,453.85 2.38
1-B6 691,794.43 2.39
2-B1 2,226,698.48 188.52
2-B2 742,891.42 62.89
2-B3 667,811.97 56.54
2-B4 297,354.15 25.17
2-B5 222,274.69 18.82
2-B6 297,604.49 25.20
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- --------------------------------------------------------------------------------
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Totals - - 312,292,401.32 9,057.81
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Payment Date: 01/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 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 1-A1 194,393,314.72 6.500000% 06050HAK4 79.183602 3.557126 577.934629
1-A2 7,700,000.00 6.500000% 06050HAL2 0.000000 5.413221 1,000.000000
1-A3 35,000,000.00 6.500000% 06050HAM0 0.000000 5.413221 1,000.000000
1-APO 589,648.91 0.000000% 06050HAN8 21.169758 0.000000 834.574631
Residual 1-AR 0.00 6.500000% 06050HAP3 0.000000 0.313892 0.000000
2-A1 55,338,921.65 6.500000% 06050HAQ1 91.104016 2.722693 419.520405
2-A2 12,000,000.00 6.500000% 06050HAR9 0.000000 5.332085 1,000.000000
2-A3 10,197,000.00 6.500000% 06050HAS7 0.000000 5.332085 1,000.000000
2-A4 15,000,000.00 6.500000% 06050HAT5 0.000000 5.332085 1,000.000000
2-APO 212,564.62 0.000000% 06050HAU2 4.115881 0.000000 965.282527
2-AR 0.00 6.500000% 06050HAV0 0.000000 0.000000 0.000000
1-B1 4,845,715.16 6.500000% 06050HAW8 0.928474 5.352158 987.791207
1-B2 2,422,363.22 6.500000% 06050HAX6 0.928474 5.352158 987.791207
1-B3 1,384,207.55 6.500000% 06050HAY4 0.928474 5.352158 987.791207
1-B4 693,092.50 6.500000% 06050HBC1 0.928474 5.352158 987.791207
1-B5 692,103.78 6.500000% 06050HBD9 0.928474 5.352158 987.791207
1-B6 692,444.68 6.500000% 06050HBE7 0.928475 5.352163 987.791977
2-B1 2,228,804.62 6.500000% 06050HAZ1 0.934402 5.272483 987.887526
2-B2 743,594.09 6.500000% 06050HBA5 0.934402 5.272483 987.887526
2-B3 668,443.62 6.500000% 06050HBB3 0.934402 5.272483 987.887526
2-B4 297,635.40 6.500000% 06050HBF4 0.934402 5.272483 987.887526
2-B5 222,484.93 6.500000% 06050HBG2 0.934402 5.272483 987.887526
2-B6 297,885.98 6.500000% 06050HBH0 0.934403 5.272489 987.888693
- ------------------------------------------------------------------------------------------------------------------------
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Totals - - 345,620,225.44 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 Trust
Bank of America, N.A., Servicer
------------------------------------------------------------
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COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 224,963,579.58 87,328,820.86 312,292,400.44
Loan count 513 202 715
Avg loan rate 6.957611% 6.985143% 6.97
Prepay amount 23,216,007.11 9,786,649.29 33,002,656.40
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 44,696.77 11,752.46 56,449.23
Sub servicer fees 0.00 0.00 0.00
Trustee fees 621.03 243.02 864.05
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 3,335,071.34 1,975,580.12 5,310,651.46
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 345,620,225.44
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Junior 0.000000% 0.000000% 0.00
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DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 3,376,965.34
60 to 89 days 1 521,394.89
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 8 3,898,360.23
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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 35,186,530.58 35,186,530.58
Principal remittance amount 33,327,824.12 33,327,824.12
Interest remittance amount 1,858,706.46 1,858,706.46