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): February 25, 2003
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 February 25, 2003, 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
February 25, 2003 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: February 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 February 25, 2003
Payment Date: 02/25/03
------------------------------------------------------------
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 3,146,951.69 6.750000% 2,865,245.21 17,701.60 2,882,946.81 0.00 0.00
A2 30,810.26 6.750000% 16,639.03 173.31 16,812.34 0.00 0.00
A3 5,306,672.49 6.750000% 5,306,672.49 29,850.03 5,336,522.52 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 31,505.63 31,505.63 0.00 0.00
A5 1,000,000.00 6.750000% 0.00 5,625.00 5,625.00 0.00 0.00
A6 3,393,000.00 7.000000% 0.00 19,792.50 19,792.50 0.00 0.00
A7 2,447,000.00 7.000000% 0.00 14,274.17 14,274.17 0.00 0.00
A8 5,772,000.00 7.000000% 0.00 33,670.00 33,670.00 0.00 0.00
A9 4,796,000.00 7.000000% 0.00 27,976.67 27,976.67 0.00 0.00
A10 16,408,000.00 6.500000% 0.00 88,876.67 88,876.67 0.00 0.00
A11 5,582,246.51 7.000000% 1,575,201.86 32,563.10 1,607,764.96 0.00 0.00
A12 5,582,246.51 6.500000% 1,575,201.86 30,237.17 1,605,439.03 0.00 0.00
A13 7,424,317.84 6.750000% 1,610,438.14 0.00 1,610,438.14 0.00 0.00
A14 2,136,332.56 6.750000% 0.00 0.00 0.00 0.00 0.00
A15 50,000,000.00 6.750000% 0.00 281,250.00 281,250.00 0.00 0.00
A16 55,345.74 6.750000% 6,016.51 311.32 6,327.83 0.00 0.00
APO 105,021.97 0.000000% 7,945.84 0.00 7,945.84 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,112,363.13 6.750000% 7,411.12 45,632.04 53,043.17 0.00 0.00
B2 3,688,063.31 6.750000% 3,369.26 20,745.36 24,114.62 0.00 0.00
B3 2,212,641.39 6.750000% 2,021.38 12,446.11 14,467.49 0.00 0.00
B4 1,229,682.09 6.750000% 1,123.39 6,916.96 8,040.35 0.00 0.00
B5 983,942.26 6.750000% 898.89 5,534.68 6,433.56 0.00 0.00
B6 982,485.30 6.750000% 897.56 5,526.48 6,424.04 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 135,996,123.05 - 12,979,082.54 710,608.83 13,689,691.37 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 281,706.48 0.00
A2 14,171.23 0.00
A3 0.00 0.00
A4 5,601,000.00 0.00
A5 1,000,000.00 0.00
A6 3,393,000.00 0.00
A7 2,447,000.00 0.00
A8 5,772,000.00 0.00
A9 4,796,000.00 0.00
A10 16,408,000.00 0.00
A11 4,007,044.65 0.00
A12 4,007,044.65 0.00
A13 5,855,641.48 0.00
A14 2,148,349.43 0.00
A15 50,000,000.00 0.00
A16 49,329.23 0.00
APO 97,076.14 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,104,952.00 0.00
B2 3,684,694.04 0.00
B3 2,210,620.01 0.00
B4 1,228,558.70 0.00
B5 983,043.37 0.00
B6 981,587.74 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 123,070,819.17 -
- --------------------------------------------------------------------------------
Payment Date: 02/25/03
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 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 3,146,951.69 6.750000% 060506XZ0 34.175565 0.211138 3.360089
A2 30,810.26 6.750000% 060506YA4 33.278070 0.346615 28.342457
A3 5,306,672.49 6.750000% 060506YB2 26.533362 0.149250 0.000000
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.625000 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 0.000000 5.625000 1,000.000000
A6 3,393,000.00 7.000000% 060506YE6 0.000000 5.833333 1,000.000000
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.833333 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.833333 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.833333 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 0.000000 5.416667 1,000.000000
A11 5,582,246.51 7.000000% 060506YK2 31.504037 0.651262 80.140893
A12 5,582,246.51 6.500000% 060506YL0 31.504037 0.604743 80.140893
A13 7,424,317.84 6.750000% 060506YM8 243.894918 0.000000 886.815309
A14 2,136,332.56 6.750000% 060506YN6 0.000000 0.000000 1,130.710227
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.625000 1,000.000000
A16 55,345.74 6.750000% 060506YQ9 26.740029 1.383644 219.241039
APO 105,021.97 0.000000% 060506YR7 54.712583 0.000000 668.436443
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,112,363.13 6.750000% 060506YT3 0.897991 5.529146 982.061312
B2 3,688,063.31 6.750000% 060506YU0 0.897991 5.529146 982.061312
B3 2,212,641.39 6.750000% 060506YV8 0.897991 5.529146 982.061312
B4 1,229,682.09 6.750000% 060506YW6 0.897991 5.529146 982.061312
B5 983,942.26 6.750000% 060506YX4 0.897991 5.529146 982.061312
B6 982,485.30 6.750000% 060506YY2 0.896514 5.520048 980.445347
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 135,996,123.05 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, N.A. Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 123,070,818.56 123,070,818.56
Loan count 318 318
Avg loan rate 7.489311% 7.49
Prepay amount 12,801,053.07 12,801,053.07
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 56,582.46 56,582.46
Sub servicer fees 0.00 0.00
Trustee fees 396.66 396.66
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
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 1,965,119.58 1,965,119.58
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 87.355931% 100.000000% 118,786,945.57
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Junior 12.644069% 0.000000% 17,193,455.87
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 2,706,797.38
60 to 89 days 0 0.00
90 or more 3 1,086,510.87
Foreclosure 3 1,115,755.69
Totals: 13 4,909,063.94
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 13,689,691.37 13,689,691.37
Principal remittance amount 12,979,082.54 12,979,082.54
Interest remittance amount 710,608.83 710,608.83