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 1999-6 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-67267-05 13-4067088
(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 1999-6 Trust
On March 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-6 Trust, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of June 1, 1999, 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 1999-6 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 June
1, 1999.
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 1999-6 Trust
Bank of America, FSB, 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 28,261,740.14 6.250000% 4,135,149.65 146,281.34 4,281,430.99 0.00 915.23
A2 18,080,676.93 6.250000% 8,662,647.90 93,584.67 8,756,232.57 0.00 585.52
A3 8,614,000.00 6.250000% 0.00 44,585.63 44,585.63 0.00 278.96
A4 33,823,663.96 6.250000% 192,164.11 175,069.57 367,233.68 0.00 1,095.34
APO 269,878.37 0.000000% 34,180.88 0.00 34,180.88 0.00 0.00
Residual AR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 1,861,542.17 6.250000% 10,576.05 9,635.25 20,211.30 0.00 60.28
B2 869,160.75 6.250000% 4,938.00 4,498.73 9,436.73 0.00 28.15
B3 869,160.75 6.250000% 4,938.00 4,498.73 9,436.73 0.00 28.15
B4 497,017.70 6.250000% 2,823.73 2,572.54 5,396.26 0.00 16.10
B5 248,922.34 6.250000% 1,414.21 1,288.41 2,702.62 0.00 8.06
B6 372,747.24 6.250000% 2,117.70 1,929.32 4,047.02 0.00 12.07
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 93,768,510.35 - 13,050,950.23 483,944.19 13,534,894.41 - 3,027.85
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 24,126,590.49 915.23
A2 9,418,029.03 585.52
A3 8,614,000.00 278.96
A4 33,631,499.85 1,095.34
APO 235,697.49 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 1,850,966.12 60.28
B2 864,222.75 28.15
B3 864,222.75 28.15
B4 494,193.98 16.10
B5 247,508.13 8.06
B6 370,629.53 12.07
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 80,717,560.12 3,027.85
- --------------------------------------------------------------------------------
Payment Date: 03/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6 Trust
Bank of America, FSB, 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 28,261,740.14 6.250000% 060506EW8 44.210596 1.563954 257.947361
A2 18,080,676.93 6.250000% 060506EX6 57.454902 0.620699 62.464957
A3 8,614,000.00 6.250000% 060506EY4 0.000000 5.175949 1,000.000000
A4 33,823,663.96 6.250000% 060506EZ1 4.698389 4.280430 822.286060
APO 269,878.37 0.000000% 060506FA5 60.975462 0.000000 420.462037
Residual AR 0.00 6.250000% 060506FB3 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 1,861,542.17 6.250000% 060506FC1 4.698378 4.280430 822.286150
B2 869,160.75 6.250000% 060506FD9 4.698378 4.280430 822.286156
B3 869,160.75 6.250000% 060506FE7 4.698378 4.280430 822.286156
B4 497,017.70 6.250000% 060506FF4 4.698378 4.280430 822.286149
B5 248,922.34 6.250000% 060506FG2 4.698378 4.280430 822.286152
B6 372,747.24 6.250000% 060506FH0 4.698378 4.280430 822.286142
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 93,768,510.35 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6 Trust
Bank of America, FSB, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 80,717,559.56 80,717,559.56
Loan count 281 281
Avg loan rate 6.728441% 6.73
Prepay amount 12,518,271.97 12,518,271.97
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 15,915.69 15,915.69
Sub servicer fees 0.00 0.00
Trustee fees 312.56 312.56
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 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 3,000,863.98 3,000,863.98
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 94.995031% 100.000000% 89,049,959.40
-----------------------------------------------------------------------------
Junior 5.004969% 0.000000% 4,691,743.26
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 2 506,053.72
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 1 320,955.10
Totals: 3 827,008.82
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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 13,534,894.41 13,534,894.41
Principal remittance amount 13,050,950.23 13,050,950.23
Interest remittance amount 483,944.19 483,944.19