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): March 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 N. Tryon St., Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 704-387-2111
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 March 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
March 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: March 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 March 25, 2003
Payment Date: 03/25/03
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, NA, as 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 281,706.48 6.750000% 281,706.48 1,559.04 283,265.52 0.00 25.56
A2 14,171.23 6.750000% 14,171.23 78.43 14,249.66 0.00 1.29
A3 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A4 5,601,000.00 6.750000% 0.00 30,997.40 30,997.40 0.00 508.23
A5 1,000,000.00 6.750000% 89,101.27 5,534.26 94,635.53 0.00 90.74
A6 3,393,000.00 7.000000% 1,461,973.62 19,473.22 1,481,446.84 0.00 319.28
A7 2,447,000.00 7.000000% 0.00 14,043.91 14,043.91 0.00 230.26
A8 5,772,000.00 7.000000% 0.00 33,126.86 33,126.86 0.00 543.14
A9 4,796,000.00 7.000000% 0.00 27,525.37 27,525.37 0.00 451.30
A10 16,408,000.00 6.500000% 1,461,973.62 87,442.97 1,549,416.59 0.00 1,433.70
A11 4,007,044.65 7.000000% 1,828,602.64 22,997.37 1,851,600.01 0.00 377.06
A12 4,007,044.65 6.500000% 1,828,602.64 21,354.70 1,849,957.34 0.00 350.13
A13 5,855,641.48 6.750000% 5,855,641.48 32,406.65 5,888,048.13 0.00 531.33
A14 2,148,349.43 6.750000% 2,160,238.96 0.00 2,160,238.96 0.00 194.94
A15 50,000,000.00 6.750000% 0.00 276,713.06 276,713.06 0.00 4,536.94
A16 49,329.23 6.750000% 6,984.37 273.00 7,257.38 0.00 4.48
APO 97,076.14 0.000000% 27,719.05 0.00 27,719.05 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,104,952.00 6.750000% 7,486.87 44,854.92 52,341.79 0.00 735.43
B2 3,684,694.04 6.750000% 3,403.70 20,392.06 23,795.76 0.00 334.34
B3 2,210,620.01 6.750000% 2,042.04 12,234.15 14,276.19 0.00 200.59
B4 1,228,558.70 6.750000% 1,134.87 6,799.16 7,934.03 0.00 111.48
B5 983,043.37 6.750000% 908.08 5,440.42 6,348.50 0.00 89.20
B6 981,587.74 6.750000% 906.70 5,432.36 6,339.06 0.00 89.07
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 123,070,819.17 - 15,032,597.64 668,679.28 15,701,276.92 - 11,158.50
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 25.56
A2 0.00 1.29
A3 0.00 0.00
A4 5,601,000.00 508.23
A5 910,898.73 90.74
A6 1,931,026.38 319.28
A7 2,447,000.00 230.26
A8 5,772,000.00 543.14
A9 4,796,000.00 451.30
A10 14,946,026.38 1,433.70
A11 2,178,442.01 377.06
A12 2,178,442.01 350.13
A13 0.00 531.33
A14 0.00 194.94
A15 50,000,000.00 4,536.94
A16 42,344.86 4.48
APO 69,357.08 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,097,465.13 735.43
B2 3,681,290.34 334.34
B3 2,208,577.97 200.59
B4 1,227,423.83 111.48
B5 982,135.30 89.20
B6 980,681.04 89.07
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 108,050,111.06 11,158.50
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, NA, as 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 281,706.48 6.750000% 060506XZ0 3.360089 0.018596 0.000000
A2 14,171.23 6.750000% 060506YA4 28.342457 0.156855 0.000000
A3 0.00 6.750000% 060506YB2 0.000000 0.000000 0.000000
A4 5,601,000.00 6.750000% 060506YC0 0.000000 5.534261 1,000.000000
A5 1,000,000.00 6.750000% 060506YD8 89.101269 5.534261 910.898731
A6 3,393,000.00 7.000000% 060506YE6 430.879347 5.739234 569.120653
A7 2,447,000.00 7.000000% 060506YF3 0.000000 5.739234 1,000.000000
A8 5,772,000.00 7.000000% 060506YG1 0.000000 5.739234 1,000.000000
A9 4,796,000.00 7.000000% 060506YH9 0.000000 5.739234 1,000.000000
A10 16,408,000.00 6.500000% 060506YJ5 89.101269 5.329289 910.898731
A11 4,007,044.65 7.000000% 060506YK2 36.572053 0.459947 43.568840
A12 4,007,044.65 6.500000% 060506YL0 36.572053 0.427094 43.568840
A13 5,855,641.48 6.750000% 060506YM8 886.815309 4.907868 0.000000
A14 2,148,349.43 6.750000% 060506YN6 1,136.967872 0.000000 0.000000
A15 50,000,000.00 6.750000% 060506YP1 0.000000 5.534261 1,000.000000
A16 49,329.23 6.750000% 060506YQ9 31.041665 1.213337 188.199374
APO 97,076.14 0.000000% 060506YR7 190.864872 0.000000 477.571570
Residual AR 0.00 6.750000% 060506YS5 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,104,952.00 6.750000% 060506YT3 0.907170 5.434984 981.154142
B2 3,684,694.04 6.750000% 060506YU0 0.907170 5.434984 981.154142
B3 2,210,620.01 6.750000% 060506YV8 0.907170 5.434984 981.154142
B4 1,228,558.70 6.750000% 060506YW6 0.907170 5.434984 981.154142
B5 983,043.37 6.750000% 060506YX4 0.907170 5.434984 981.154142
B6 981,587.74 6.750000% 060506YY2 0.905647 5.426041 979.539700
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 123,070,819.17 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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BANK OF AMERICA MORTGAGE SECURITIES
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-5 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 108,050,110.42 108,050,110.42
Loan count 280 280
Avg loan rate 7.489443% 7.49
Prepay amount 14,907,013.01 14,907,013.01
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 39,225.42 39,225.42
Sub servicer fees 0.00 0.00
Trustee fees 358.96 358.96
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 1,963,482.74 1,963,482.74
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 86.040728% 100.000000% 105,877,363.29
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Junior 13.959272% 0.000000% 17,177,573.61
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 6 2,079,199.55
60 to 89 days 0 0.00
90 or more 1 413,236.13
Foreclosure 4 1,510,068.17
Totals: 11 4,002,503.85
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 15,701,276.92 15,701,276.92
Principal remittance amount 15,032,597.64 15,032,597.64
Interest remittance amount 668,679.28 668,679.28