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): May 25, 2003
Bank of America Mortgage Securities, Inc.
(Depositor)
North Carolina 333-56234-07 13-4186197/6198
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
101 N. Tryon St. 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
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2001-c Trust
On May 25, 2003, The Bank of New York, as Trustee for Mortgage Pass-Through
Certificates made a monthly distribution of principal and/or interest to the
Holders of the Series 2001-c Trust. The monthly distributions were made pursuant
to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 2001 by and among Bank of America Mortgage
Securities, Inc. as Depositor, EquiCredit Corporation of America, as Transferor
and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks
Capital Corp., as Expected Successor Servicer and The Bank of New York, as
Trustee.
All capitalized terms used, but not defined herein, shall have the meanings
assigned to them in the Pooling and Servicing Agreement.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of Series 2001-c Trust relating to the
Distribution Date of May 25, 2003 prepared by the Trustee
pursuant to the terms of the Pooling and Servicing
Agreement.
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: May 25, 2003
By: /s/ Diane Pickett
------------------------------
Name: Diane Pickett
Vice President
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Report to Holders of Series 2001-c Trust relating to the
Distribution Date of May 25, 2003 prepared by the Trustee
pursuant to the terms of the Pooling and Servicing
Agreement.
99 Monthly Remittance Statement dated May 25, 2003
Payment Date: 05/25/03
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Mortgage Pass-Through Certificates
Series 2001-c Trust
Bank of America, NA, 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 4.958000% 0.00 0.00 0.00 0.00 0.00
A2 0.00 5.601000% 0.00 0.00 0.00 0.00 0.00
A3 0.00 5.983000% 0.00 0.00 0.00 0.00 0.00
A4 79,459,119.92 6.097000% 10,548,824.51 403,718.55 10,952,543.05 0.00 0.00
A5 15,150,740.66 5.953000% 2,011,380.25 75,160.30 2,086,540.55 0.00 0.00
A6 15,150,740.66 6.189317% 2,011,380.25 78,143.95 2,089,524.20 0.00 0.00
A7 0.00 6.189317% 0.00 0.00 0.00 0.00 0.00
AIO 125,129,536.71 0.087236% 0.00 9,096.53 9,096.53 0.00 0.00
Residual AR 0.00 6.189317% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.189317% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,937,037.62 6.189317% 496,830.99 40,937.37 537,768.36 0.00 0.00
B2 2,622,779.61 6.189317% 164,176.89 13,527.68 177,704.57 0.00 0.00
B3 1,530,003.29 6.189317% 95,772.89 7,891.40 103,664.29 0.00 0.00
B4 1,311,680.90 6.189317% 82,106.67 6,765.34 88,872.01 0.00 0.00
B5 874,453.94 6.189317% 54,737.78 4,510.23 59,248.01 0.00 0.00
B6 1,092,980.11 6.189317% 68,416.76 5,637.33 74,054.09 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 125,129,536.71 - 15,533,626.98 645,388.75 16,179,015.73 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 0.00 0.00
A3 0.00 0.00
A4 68,910,295.42 0.00
A5 13,139,360.41 0.00
A6 13,139,360.41 0.00
A7 0.00 0.00
AIO 109,595,909.73 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 7,440,206.63 0.00
B2 2,458,602.72 0.00
B3 1,434,230.40 0.00
B4 1,229,574.23 0.00
B5 819,716.16 0.00
B6 1,024,563.35 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 109,595,909.73 -
- --------------------------------------------------------------------------------
Payment Date: 05/25/03
------------------------------------------------------------
Mortgage Pass-Through Certificates
Series 2001-c Trust
Bank of America, NA, 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 4.958000% 060506M25 0.000000 0.000000 0.000000
A2 0.00 5.601000% 060506M33 0.000000 0.000000 0.000000
A3 0.00 5.983000% 060506M41 0.000000 0.000000 0.000000
A4 79,459,119.92 6.097000% 060506M58 64.710760 2.476573 422.723648
A5 15,150,740.66 5.953000% 060506M66 20.113802 0.751603 131.393604
A6 15,150,740.66 6.189317% 060506M74 20.113802 0.781440 131.393604
A7 0.00 6.189317% 060506M82 0.000000 0.000000 0.000000
AIO 125,129,536.71 0.087236% 060506M90 0.000000 0.012115 145.961396
Residual AR 0.00 6.189317% 060506N24 0.000000 0.000000 0.000000
ALR 0.00 6.189317% 060506N32 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 7,937,037.62 6.189317% 060506N40 36.443262 3.002815 545.749771
B2 2,622,779.61 6.189317% 060506N57 36.443262 3.002815 545.749771
B3 1,530,003.29 6.189317% 060506N65 36.443262 3.002815 545.749771
B4 1,311,680.90 6.189317% 060506N73 36.443262 3.002815 545.749771
B5 874,453.94 6.189317% 060506N81 36.443262 3.002815 545.749771
B6 1,092,980.11 6.189317% 060506N99 36.443271 3.002815 545.749913
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 125,129,536.71 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Mortgage Pass-Through Certificates
Series 2001-c Trust
Bank of America, NA, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 109,595,909.28 109,595,909.28
Loan count 247 247
Avg loan rate 6.785317% 6.79
Prepay amount 15,401,905.23 15,401,905.23
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 39,014.32 39,014.32
Sub servicer fees 0.00 0.00
Trustee fees 208.55 208.55
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 0.00 0.00
Special Hazard 2,297,188.15 2,297,188.15
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 88.397210% 100.000000% 109,760,601.24
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Junior 11.602790% 0.000000% 14,406,893.49
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 4 1,745,318.52
60 to 89 days 1 375,549.30
90 or more 2 1,118,901.95
Foreclosure 0 0.00
Totals: 7 3,239,769.77
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 16,179,015.73 16,179,015.73
Principal remittance amount 15,533,626.98 15,533,626.98
Interest remittance amount 645,388.75 645,388.75