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 2001-11 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-15 13-4197522/7524
(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 2001-11 Trust
On March 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
March 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: 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, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 Trust
Bank of America, NA, as 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 145,125,022.02 6.500000% 25,785,378.25 773,176.39 26,558,554.64 0.00 12,917.48
1-A2 7,700,000.00 6.500000% 0.00 41,022.96 41,022.96 0.00 685.37
1-A3 35,000,000.00 6.500000% 0.00 186,468.01 186,468.01 0.00 3,115.33
1-APO 535,959.09 0.000000% 64,123.26 0.00 64,123.26 0.00 0.00
Residual 1-AR 0.00 6.500000% 0.00 0.05 0.05 0.00 0.00
2-A1 35,736,199.79 6.500000% 11,541,262.30 191,987.13 11,733,249.43 0.00 1,583.95
2-A2 12,000,000.00 6.500000% 0.00 64,468.12 64,468.12 0.00 531.88
2-A3 10,197,000.00 6.500000% 0.00 54,781.78 54,781.78 0.00 451.97
2-A4 15,000,000.00 6.500000% 0.00 80,585.15 80,585.15 0.00 664.85
2-APO 195,666.24 0.000000% 24,469.73 0.00 24,469.73 0.00 0.00
2-AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
1-B1 4,836,585.62 6.500000% 4,558.97 25,767.67 30,326.64 0.00 430.50
1-B2 2,417,799.38 6.500000% 2,279.02 12,881.21 15,160.23 0.00 215.21
1-B3 1,381,599.65 6.500000% 1,302.30 7,360.69 8,662.99 0.00 122.98
1-B4 691,786.68 6.500000% 652.08 3,685.60 4,337.68 0.00 61.58
1-B5 690,799.82 6.500000% 651.15 3,680.34 4,331.49 0.00 61.49
1-B6 691,140.09 6.500000% 651.47 3,682.16 4,333.63 0.00 61.52
2-B1 2,224,643.56 6.500000% 2,061.05 11,951.55 14,012.60 0.00 98.60
2-B2 742,205.84 6.500000% 687.63 3,987.38 4,675.01 0.00 32.90
2-B3 667,195.67 6.500000% 618.13 3,584.40 4,202.54 0.00 29.57
2-B4 297,079.73 6.500000% 275.23 1,596.01 1,871.25 0.00 13.17
2-B5 222,069.57 6.500000% 205.74 1,193.03 1,398.77 0.00 9.84
2-B6 297,329.85 6.500000% 275.46 1,597.36 1,872.82 0.00 13.18
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Totals - - 276,650,082.61 - 37,429,451.76 1,473,457.00 38,902,908.76 - 21,101.36
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Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior 1-A1 119,339,643.77 12,917.48
1-A2 7,700,000.00 685.37
1-A3 35,000,000.00 3,115.33
1-APO 471,835.82 0.00
Residual 1-AR 0.00 0.00
2-A1 24,194,937.50 1,583.95
2-A2 12,000,000.00 531.88
2-A3 10,197,000.00 451.97
2-A4 15,000,000.00 664.85
2-APO 171,196.51 0.00
2-AR 0.00 0.00
1-B1 4,832,026.65 430.50
1-B2 2,415,520.36 215.21
1-B3 1,380,297.35 122.98
1-B4 691,134.60 61.58
1-B5 690,148.68 61.49
1-B6 690,488.62 61.52
2-B1 2,222,582.51 98.60
2-B2 741,518.21 32.90
2-B3 666,577.54 29.57
2-B4 296,804.50 13.17
2-B5 221,863.83 9.84
2-B6 297,054.39 13.18
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- --------------------------------------------------------------------------------
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Totals - - 239,220,630.85 21,101.36
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Payment Date: 03/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 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 1-A1 145,125,022.02 6.500000% 06050HAK4 87.163708 2.613610 403.410249
1-A2 7,700,000.00 6.500000% 06050HAL2 0.000000 5.327657 1,000.000000
1-A3 35,000,000.00 6.500000% 06050HAM0 0.000000 5.327657 1,000.000000
1-APO 535,959.09 0.000000% 06050HAN8 93.060673 0.000000 684.764873
Residual 1-AR 0.00 6.500000% 06050HAP3 0.000000 0.475940 0.000000
2-A1 35,736,199.79 6.500000% 06050HAQ1 106.493770 1.771508 223.252018
2-A2 12,000,000.00 6.500000% 06050HAR9 0.000000 5.372343 1,000.000000
2-A3 10,197,000.00 6.500000% 06050HAS7 0.000000 5.372343 1,000.000000
2-A4 15,000,000.00 6.500000% 06050HAT5 0.000000 5.372343 1,000.000000
2-APO 195,666.24 0.000000% 06050HAU2 111.593923 0.000000 780.739635
2-AR 0.00 6.500000% 06050HAV0 0.000000 0.000000 0.000000
1-B1 4,836,585.62 6.500000% 06050HAW8 0.930212 5.257635 985.926679
1-B2 2,417,799.38 6.500000% 06050HAX6 0.930212 5.257635 985.926679
1-B3 1,381,599.65 6.500000% 06050HAY4 0.930212 5.257635 985.926679
1-B4 691,786.68 6.500000% 06050HBC1 0.930212 5.257635 985.926679
1-B5 690,799.82 6.500000% 06050HBD9 0.930212 5.257635 985.926679
1-B6 691,140.09 6.500000% 06050HBE7 0.930213 5.257639 985.927447
2-B1 2,224,643.56 6.500000% 06050HAZ1 0.914395 5.302373 986.061453
2-B2 742,205.84 6.500000% 06050HBA5 0.914395 5.302373 986.061453
2-B3 667,195.67 6.500000% 06050HBB3 0.914395 5.302373 986.061453
2-B4 297,079.73 6.500000% 06050HBF4 0.914395 5.302373 986.061453
2-B5 222,069.57 6.500000% 06050HBG2 0.914395 5.302373 986.061453
2-B6 297,329.85 6.500000% 06050HBH0 0.914396 5.302379 986.062636
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Totals - - 276,650,082.61 - - - - -
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------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2001-11 Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
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COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 173,211,095.33 66,009,534.63 239,220,629.96
Loan count 410 153 563
Avg loan rate 6.950023% 6.981901% 6.96
Prepay amount 25,671,920.56 11,497,967.54 37,169,888.10
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 17,916.28 12,428.29 30,344.56
Sub servicer fees 0.00 0.00 0.00
Trustee fees 497.68 193.95 691.63
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 3,326,815.60 1,971,929.38 5,298,744.98
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 276,650,082.61
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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 1 296,591.75
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 1 364,489.48
Totals: 2 661,081.23
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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 38,902,908.76 38,902,908.76
Principal remittance amount 37,429,451.76 37,429,451.76
Interest remittance amount 1,473,457.00 1,473,457.00