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 2001-8 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-08 13-4186194/6195
(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 2001-8 Trust
On March 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2001-8 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 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 2001-8 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 July
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
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 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 35,103,607.28 6.750000% 19,983,674.51 196,070.97 20,179,745.49 0.00 1,386.82
A2 18,268,888.46 6.750000% 5,331,784.42 102,040.76 5,433,825.19 0.00 721.74
A3 70,000,000.00 6.750000% 0.00 390,984.55 390,984.55 0.00 2,765.45
A4 8,331,000.00 6.750000% 0.00 46,532.75 46,532.75 0.00 329.13
A5 13,933,212.56 6.750000% 0.00 0.00 0.00 0.00 550.45
A6 8,592,787.44 6.750000% 77,823.87 47,994.96 125,818.83 0.00 339.47
A7 5,437,523.26 6.000000% 3,095,456.66 26,996.67 3,122,453.33 0.00 190.95
A8 0.00 2.186250% 0.00 0.00 0.00 0.00 0.00
A9 0.00 24.353036% 0.00 0.00 0.00 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 11,952.96 11,952.96 0.00 84.54
A12 1,450,000.00 6.750000% 0.00 8,098.97 8,098.97 0.00 57.28
A13 2,213,000.00 6.750000% 0.00 12,360.70 12,360.70 0.00 87.43
A14 9,474,000.00 6.750000% 0.00 52,916.97 52,916.97 0.00 374.28
A15 0.00 5.750000% 0.00 0.00 0.00 0.00 0.00
A16 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A17 12,601,351.40 6.750000% 7,173,658.90 70,384.77 7,244,043.67 0.00 497.83
A18 604,169.25 6.750000% 0.00 3,374.58 3,374.58 0.00 23.87
A19 72,000,000.00 6.750000% 0.00 402,155.54 402,155.54 0.00 2,844.46
Residual AR 0.00 6.750000% 0.00 0.12 0.12 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 94,671,839.91 6.500000% 13,316,173.99 510,060.44 13,826,234.44 0.00 2,745.35
3A1 22,862,151.70 6.750000% 6,416,465.60 125,129.97 6,541,595.58 0.00 3,469.63
3A2 9,708,322.83 6.750000% 0.00 0.00 0.00 0.00 1,473.36
3A3 14,500,000.00 6.750000% 0.00 79,361.94 79,361.94 0.00 2,200.56
APO 2,357,302.38 0.000000% 194,861.28 0.00 194,861.28 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,063,769.64 6.750000% 11,415.94 67,382.11 78,798.05 0.00 476.60
B2 5,322,656.35 6.750000% 5,036.83 29,729.66 34,766.49 0.00 210.28
B3 2,838,881.21 6.750000% 2,686.43 15,856.55 18,542.99 0.00 112.15
B4 1,774,546.68 6.750000% 1,679.25 9,911.72 11,590.97 0.00 70.11
B5 1,419,440.61 6.750000% 1,343.22 7,928.28 9,271.49 0.00 56.08
B6 1,321,971.74 6.750000% 965.55 7,669.37 8,634.92 285.43 52.23
2B1 1,845,439.86 6.500000% 7,348.95 9,942.62 17,291.57 0.00 53.52
2B2 993,698.38 6.500000% 3,957.13 5,353.72 9,310.84 0.00 28.82
2B3 567,827.65 6.500000% 2,261.21 3,059.27 5,320.48 0.00 16.47
2B4 283,913.82 6.500000% 1,130.61 1,529.63 2,660.24 0.00 8.23
2B5 283,913.82 6.500000% 1,130.61 1,529.63 2,660.24 0.00 8.23
2B6 284,573.79 6.500000% 1,133.24 1,533.19 2,666.42 0.00 8.25
3B1 2,795,538.27 6.750000% 2,651.80 15,300.64 17,952.45 0.00 424.26
3B2 788,888.70 6.750000% 748.33 4,317.77 5,066.10 0.00 119.72
3B3 430,839.47 6.750000% 408.69 2,358.09 2,766.77 0.00 65.39
3B4 430,839.47 6.750000% 408.69 2,358.09 2,766.77 0.00 65.39
3B5 287,226.31 6.750000% 272.46 1,572.06 1,844.52 0.00 43.59
3B6 287,470.21 6.750000% 272.69 1,573.39 1,846.08 0.00 43.63
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 437,666,423.20 - 55,634,750.87 2,275,323.41 57,910,074.27 285.43 22,005.54
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 15,119,932.77 1,386.82
A2 12,937,104.04 721.74
A3 70,000,000.00 2,765.45
A4 8,331,000.00 329.13
A5 14,011,036.43 550.45
A6 8,514,963.57 339.47
A7 2,342,066.60 190.95
A8 0.00 0.00
A9 0.00 0.00
A10 0.00 0.00
A11 2,140,000.00 84.54
A12 1,450,000.00 57.28
A13 2,213,000.00 87.43
A14 9,474,000.00 374.28
A15 0.00 0.00
A16 0.00 0.00
A17 5,427,692.50 497.83
A18 260,229.62 23.87
A19 72,000,000.00 2,844.46
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 81,355,665.92 2,745.35
3A1 16,445,686.10 3,469.63
3A2 9,761,458.78 1,473.36
3A3 14,500,000.00 2,200.56
APO 2,162,441.10 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,052,353.70 476.60
B2 5,317,619.53 210.28
B3 2,836,194.78 112.15
B4 1,772,867.42 70.11
B5 1,418,097.39 56.08
B6 1,320,720.76 0.00
2B1 1,838,090.91 53.52
2B2 989,741.26 28.82
2B3 565,566.43 16.47
2B4 282,783.22 8.23
2B5 282,783.22 8.23
2B6 283,440.55 8.25
3B1 2,792,886.46 424.26
3B2 788,140.37 119.72
3B3 430,430.78 65.39
3B4 430,430.78 65.39
3B5 286,953.85 43.59
3B6 287,197.52 43.63
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 382,162,346.73 21,953.31
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 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 35,103,607.28 6.750000% 060506P22 71.666659 0.703162 54.224015
A2 18,268,888.46 6.750000% 060506P30 64.007016 1.224979 155.307371
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.585494 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.585494 1,000.000000
A5 13,933,212.56 6.750000% 060506P63 0.000000 0.000000 1,118.556317
A6 8,592,787.44 6.750000% 060506P71 7.782387 4.799496 851.496357
A7 5,437,523.26 6.000000% 060506P89 123.818266 1.079867 93.682664
A8 0.00 2.186250% 060506P97 0.000000 0.000000 0.000000
A9 0.00 24.353036% 060506Q21 0.000000 0.000000 0.000000
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.585494 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.585494 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.585494 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.585494 1,000.000000
A15 0.00 5.750000% 060506Q88 0.000000 0.000000 0.000000
A16 0.00 6.500000% 060506Q96 0.000000 0.000000 0.000000
A17 12,601,351.40 6.750000% 060506R20 478.180169 4.691692 361.797927
A18 604,169.25 6.750000% 060506R38 0.000000 0.421491 32.503127
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.585494 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 2.442140 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 94,671,839.91 6.500000% 060506R79 44.562526 1.706915 272.256428
3A1 22,862,151.70 6.750000% 060506R87 54.809263 1.068857 140.478573
3A2 9,708,322.83 6.750000% 060506R95 0.000000 0.000000 1,118.279159
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.473237 1,000.000000
APO 2,357,302.38 0.000000% 060506S37 57.770967 0.000000 641.103815
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,063,769.64 6.750000% 060506S45 0.930850 5.494301 982.742474
B2 5,322,656.35 6.750000% 060506S52 0.930850 5.494301 982.742474
B3 2,838,881.21 6.750000% 060506S60 0.930850 5.494301 982.742474
B4 1,774,546.68 6.750000% 060506T51 0.930850 5.494301 982.742474
B5 1,419,440.61 6.750000% 060506T69 0.930850 5.494301 982.742474
B6 1,321,971.74 6.750000% 060506T77 0.669135 5.314934 915.269879
2B1 1,845,439.86 6.500000% 060506S78 3.719104 5.031689 930.207949
2B2 993,698.38 6.500000% 060506S86 3.719104 5.031689 930.207949
2B3 567,827.65 6.500000% 060506S94 3.719104 5.031689 930.207949
2B4 283,913.82 6.500000% 060506T85 3.719104 5.031689 930.207949
2B5 283,913.82 6.500000% 060506T93 3.719104 5.031689 930.207949
2B6 284,573.79 6.500000% 060506U26 3.719104 5.031690 930.208120
3B1 2,795,538.27 6.750000% 060506T28 0.933077 5.383759 982.718671
3B2 788,888.70 6.750000% 060506T36 0.933077 5.383759 982.718671
3B3 430,839.47 6.750000% 060506T44 0.933077 5.383759 982.718671
3B4 430,839.47 6.750000% 060506U34 0.933077 5.383759 982.718671
3B5 287,226.31 6.750000% 060506U42 0.933077 5.383759 982.718671
3B6 287,470.21 6.750000% 060506U59 0.933077 5.383760 982.718874
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 437,666,423.20 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 250,291,495.05 85,902,781.40 45,968,070.28
Loan count 630 210 116
Avg loan rate 7.163891% 6.914289% 7.198595%
Prepay amount 35,513,587.42 12,946,173.22 6,328,600.11
Total
-----
Prin balance 382,162,346.73
Loan count 956
Avg loan rate 7.11
Prepay amount 54,788,360.75
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 37,427.76 12,248.26 2,105.11
Sub servicer fees 0.00 0.00 0.00
Trustee fees 476.79 165.41 87.24
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 51,781.13
Sub servicer fees 0.00
Trustee fees 729.44
Agg advances N/A
Adv this period 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 101,796.81 0.00 0.00
Total
-----
Realized losses 0.00
Cumulative losses 101,796.81
Coverage Amounts
- ----------------
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 4,376,664.23 0.00 0.00
Total
-----
Bankruptcy 0.00
Fraud 0.00
Special Hazard 4,376,664.23
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 92.236141% 100.000000% 403,644,987.23
-----------------------------------------------------------------------------
Junior 7.763859% 0.000000% 33,976,298.92
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 15 6,126,293.70
60 to 89 days 3 953,233.19
90 or more 2 841,040.12
Foreclosure 2 727,311.01
Totals: 22 8,647,878.02
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 57,910,074.27 57,910,074.27
Principal remittance amount 55,634,750.87 55,634,750.87
Interest remittance amount 2,275,323.41 2,275,323.41