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-b Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-56234-05 80-0046597/Man
(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-b Trust
On March 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2001-b 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, 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-b 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 May 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-b 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 0.00 5.249000% 0.00 0.00 0.00 0.00 0.00
A2 0.00 6.069000% 0.00 0.00 0.00 0.00 0.00
A3 122,459,662.37 6.172270% 17,581,123.91 610,931.48 18,192,055.39 0.00 18,946.98
AIO 138,990,806.33 0.000000% 0.00 0.00 0.00 0.00 0.00
Residual ALR 0.00 6.172270% 0.00 0.00 0.00 0.00 0.00
AR 0.00 6.172270% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 6,376,884.20 6.172270% 432,275.01 31,813.25 464,088.26 0.00 986.63
B2 3,778,358.89 6.172270% 256,126.67 18,849.62 274,976.29 0.00 584.59
B3 2,597,896.74 6.172270% 176,105.73 12,960.49 189,066.22 0.00 401.95
B4 1,180,462.15 6.172270% 80,020.94 5,889.14 85,910.08 0.00 182.64
B5 1,181,090.73 6.172270% 80,063.55 5,892.27 85,955.82 0.00 182.74
B6 1,416,451.25 6.172270% 96,018.09 7,066.45 103,084.53 0.00 219.15
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 138,990,806.33 - 18,701,733.91 693,402.69 19,395,136.60 - 21,504.68
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 0.00 0.00
A3 104,878,538.46 18,946.98
AIO 120,289,072.42 0.00
Residual ALR 0.00 0.00
AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 5,944,609.19 986.63
B2 3,522,232.22 584.59
B3 2,421,791.01 401.95
B4 1,100,441.21 182.64
B5 1,101,027.17 182.74
B6 1,320,433.17 219.15
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 120,289,072.42 21,504.68
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-b 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 0.00 5.249000% 060506ZJ4 0.000000 0.000000 0.000000
A2 0.00 6.069000% 060506ZK1 0.000000 0.000000 0.000000
A3 122,459,662.37 6.172270% 060506ZL9 77.859074 2.705547 464.460971
AIO 138,990,806.33 0.000000% 060506ZM7 0.000000 0.000000 160.080880
Residual ALR 0.00 6.172270% 0.000000 0.000000 0.000000
AR 0.00 6.172270% 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 6,376,884.20 6.172270% 060506ZQ8 42.609661 3.135855 585.964434
B2 3,778,358.89 6.172270% 060506ZR6 42.609661 3.135855 585.964434
B3 2,597,896.74 6.172270% 060506ZS4 42.609661 3.135855 585.964434
B4 1,180,462.15 6.172270% 060506ZT2 42.609661 3.135855 585.964434
B5 1,181,090.73 6.172270% 060506ZU9 42.609661 3.135855 585.964434
B6 1,416,451.25 6.172270% 060506ZV7 42.584716 3.134020 585.621655
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 138,990,806.33 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-b Trust
Bank of America, NA, as Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 120,289,071.51 120,289,071.51
Loan count 278 278
Avg loan rate 6.918270% 6.92
Prepay amount 18,559,703.32 18,559,703.32
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 35,713.20 35,713.20
Sub servicer fees 0.00 0.00
Trustee fees 231.65 231.65
Agg advances N/A N/A
Adv this period 0.00 0.00
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 1,059.72 1,059.72
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 0.00 0.00
Special Hazard 3,182,909.94 3,182,909.94
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 88.822433% 100.000000% 122,459,662.37
-----------------------------------------------------------------------------
Junior 11.177567% 0.000000% 15,410,533.96
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 3,637,077.40
60 to 89 days 2 721,506.66
90 or more 1 440,954.93
Foreclosure 3 1,586,616.31
Totals: 13 6,386,155.30
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- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 382,032.11
Current Total Outstanding Number of Loans: 1
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OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 19,395,136.60 19,395,136.60
Principal remittance amount 18,701,733.91 18,701,733.91
Interest remittance amount 693,402.69 693,402.69