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 1999-5 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-67267-04 13-4067086
(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 1999-5 Trust
On January 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-5 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of May 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 1999-5 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 May 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: 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
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, 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 22,989,840.74 6.500000% 11,185,595.96 122,249.68 11,307,845.64 0.00 2,278.62
A2 42,172,904.26 6.500000% 8,902,254.86 224,256.63 9,126,511.49 0.00 4,179.94
A3 20,063,414.91 6.500000% 8,353,107.93 106,688.26 8,459,796.19 0.00 1,988.57
A4 60,000,000.00 6.500000% 0.00 319,053.15 319,053.15 0.00 5,946.85
A5 3,282,000.00 6.750000% 0.00 18,123.45 18,123.45 0.00 337.80
A6 4,224,000.00 6.750000% 0.00 23,325.24 23,325.24 0.00 434.76
A7 1,431,000.00 6.750000% 0.00 7,902.09 7,902.09 0.00 147.29
A8 2,950,000.00 6.750000% 0.00 16,290.12 16,290.12 0.00 303.63
A9 3,113,000.00 6.750000% 0.00 17,190.22 17,190.22 0.00 320.41
A10 3,000,000.00 7.000000% 0.00 17,179.78 17,179.78 0.00 320.22
A11 2,000,000.00 7.000000% 0.00 11,453.19 11,453.19 0.00 213.48
A12 5,000,000.00 5.500000% 0.00 22,497.34 22,497.34 0.00 419.33
A13 3,325,000.00 7.000000% 0.00 19,040.93 19,040.93 0.00 354.91
A14 3,177,667.00 7.000000% 0.00 18,197.21 18,197.21 0.00 339.18
A15 5,000,000.00 6.250000% 0.00 25,565.16 25,565.16 0.00 476.51
A16 5,938,000.00 7.000000% 0.00 34,004.52 34,004.52 0.00 633.81
A17 3,160,000.00 7.000000% 0.00 18,096.04 18,096.04 0.00 337.29
A18 2,513,904.00 7.000000% 0.00 14,396.11 14,396.11 0.00 268.33
A19 1,393,429.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A20 12,969,908.51 6.500000% 73,100.88 68,968.17 142,069.05 0.00 1,285.50
A21 13,747,091.49 6.500000% 0.00 0.00 0.00 0.00 1,362.53
A22 100,000.00 6.500000% 0.00 531.76 531.76 0.00 9.91
APO 557,007.00 0.000000% 14,737.16 0.00 14,737.16 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,368,892.92 6.500000% 14,861.70 65,772.24 80,633.93 0.00 1,225.93
B2 4,314,596.39 6.500000% 5,184.15 22,943.09 28,127.25 0.00 427.64
B3 2,014,053.21 6.500000% 2,419.96 10,709.83 13,129.80 0.00 199.62
B4 2,014,053.21 6.500000% 2,419.96 10,709.83 13,129.80 0.00 199.62
B5 1,150,750.67 6.500000% 1,382.67 6,119.18 7,501.85 0.00 114.06
B6 1,151,082.14 6.500000% 1,383.05 6,120.94 7,503.99 4,889.78 114.09
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 245,121,595.44 - 28,556,448.29 1,227,384.14 29,783,832.43 4,889.78 24,239.83
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 11,804,244.78 2,278.62
A2 33,270,649.39 4,179.94
A3 11,710,306.98 1,988.57
A4 60,000,000.00 5,946.85
A5 3,282,000.00 337.80
A6 4,224,000.00 434.76
A7 1,431,000.00 147.29
A8 2,950,000.00 303.63
A9 3,113,000.00 320.41
A10 3,000,000.00 320.22
A11 2,000,000.00 213.48
A12 5,000,000.00 419.33
A13 3,325,000.00 354.91
A14 3,177,667.00 339.18
A15 5,000,000.00 476.51
A16 5,938,000.00 633.81
A17 3,160,000.00 337.29
A18 2,513,904.00 268.33
A19 1,393,429.00 0.00
A20 12,896,807.63 1,285.50
A21 13,820,192.37 1,362.53
A22 100,000.00 9.91
APO 542,269.84 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,354,031.22 1,225.93
B2 4,309,412.24 427.64
B3 2,011,633.25 199.62
B4 2,011,633.25 199.62
B5 1,149,368.00 114.06
B6 1,144,809.32 114.09
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 216,633,358.26 24,239.83
- --------------------------------------------------------------------------------
Payment Date: 01/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, 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 22,989,840.74 6.500000% 060506DQ2 68.943473 0.753497 72.756574
A2 42,172,904.26 6.500000% 060506DR0 58.184672 1.465730 217.455225
A3 20,063,414.91 6.500000% 060506DS8 67.334451 0.860015 94.396851
A4 60,000,000.00 6.500000% 060506DT6 0.000000 5.317552 1,000.000000
A5 3,282,000.00 6.750000% 060506DU3 0.000000 5.522074 1,000.000000
A6 4,224,000.00 6.750000% 060506DV1 0.000000 5.522074 1,000.000000
A7 1,431,000.00 6.750000% 060506DW9 0.000000 5.522074 1,000.000000
A8 2,950,000.00 6.750000% 060506DX7 0.000000 5.522074 1,000.000000
A9 3,113,000.00 6.750000% 060506DY5 0.000000 5.522074 1,000.000000
A10 3,000,000.00 7.000000% 060506DZ2 0.000000 5.726595 1,000.000000
A11 2,000,000.00 7.000000% 060506EA6 0.000000 5.726595 1,000.000000
A12 5,000,000.00 5.500000% 060506EB4 0.000000 4.499467 1,000.000000
A13 3,325,000.00 7.000000% 060506EC2 0.000000 5.726595 1,000.000000
A14 3,177,667.00 7.000000% 060506ED0 0.000000 5.726595 1,000.000000
A15 5,000,000.00 6.250000% 060506EE8 0.000000 5.113031 1,000.000000
A16 5,938,000.00 7.000000% 060506EF5 0.000000 5.726595 1,000.000000
A17 3,160,000.00 7.000000% 060506EG3 0.000000 5.726595 1,000.000000
A18 2,513,904.00 7.000000% 060506EH1 0.000000 5.726595 1,000.000000
A19 1,393,429.00 0.000000% 060506EJ7 0.000000 0.000000 1,000.000000
A20 12,969,908.51 6.500000% 060506EV0 4.621081 4.359831 815.273256
A21 13,747,091.49 6.500000% 060506EK4 0.000000 0.000000 1,268.140243
A22 100,000.00 6.500000% 060506EL2 0.000000 5.317552 1,000.000000
APO 557,007.00 0.000000% 060506EM0 19.845331 0.000000 730.230420
Residual AR 0.00 6.500000% 060506EN8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,368,892.92 6.500000% 060506EP3 1.151266 5.095068 957.009158
B2 4,314,596.39 6.500000% 060506EQ1 1.151266 5.095068 957.009158
B3 2,014,053.21 6.500000% 060506ER9 1.151266 5.095068 957.009158
B4 2,014,053.21 6.500000% 060506ES7 1.151266 5.095068 957.009158
B5 1,150,750.67 6.500000% 060506ET5 1.151266 5.095068 957.009156
B6 1,151,082.14 6.500000% 060506EU2 1.151321 5.095397 953.000460
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 245,121,595.44 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 216,633,355.84 216,633,355.84
Loan count 648 648
Avg loan rate 7.027192% 7.03
Prepay amount 27,941,828.42 27,941,828.42
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 34,683.77 34,683.77
Sub servicer fees 0.00 0.00
Trustee fees 714.94 714.94
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 4,889.78 4,889.78
Cumulative losses 4,889.78 4,889.78
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 6,003,829.70 6,003,829.70
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 90.623454% 100.000000% 222,108,166.90
-----------------------------------------------------------------------------
Junior 9.376546% 0.000000% 22,980,887.27
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 8 2,687,966.11
60 to 89 days 2 540,512.64
90 or more 5 1,537,198.52
Foreclosure 0 0.00
Totals: 15 4,765,677.27
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 29,783,832.43 29,783,832.43
Principal remittance amount 28,556,448.29 28,556,448.29
Interest remittance amount 1,227,384.14 1,227,384.14