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): August 25, 2003
BOA
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust)
(Exact name of registrant as specified in charter)
North Carolina 333-67267-04 13-4067086
(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 1999-5 Trust
On August 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-5 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, 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 1999-5 Trust relating to the distribution date of
August 25, 2003 prepared by The Bank of New York, as Trustee
under the Pooling and Servicing Agreement dated as of May 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: August 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 August 25, 2003
Payment Date: 08/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 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 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A3 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A4 60,000,000.00 6.500000% 8,977,947.52 323,629.05 9,301,576.57 0.00 1,370.95
A5 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A7 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A8 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A9 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A10 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A11 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A12 0.00 5.500000% 0.00 0.00 0.00 0.00 0.00
A13 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A14 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A15 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
A16 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A17 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A18 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00
A19 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
A20 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A21 3,106,919.79 6.500000% 3,106,919.79 16,758.16 3,123,677.95 0.00 70.99
A22 100,000.00 6.500000% 14,963.25 539.38 15,502.63 0.00 2.28
APO 262,473.88 0.000000% 69,434.85 0.00 69,434.85 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,260,636.27 6.500000% 15,967.97 66,131.63 82,099.60 0.00 280.15
B2 4,276,833.61 6.500000% 5,570.05 23,068.46 28,638.51 0.00 97.72
B3 1,996,425.55 6.500000% 2,600.10 10,768.36 13,368.45 0.00 45.62
B4 1,996,425.55 6.500000% 2,600.10 10,768.36 13,368.45 0.00 45.62
B5 1,140,678.92 6.500000% 1,485.59 6,152.61 7,638.21 0.00 26.06
B6 908,622.10 6.500000% 1,183.37 4,900.94 6,084.31 0.00 20.76
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 86,049,015.66 - 12,198,672.58 462,716.95 12,661,389.53 - 1,960.15
- ----------------------------------------------------------------------------------------------------------------------------------
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 51,022,052.48 1,370.95
A5 0.00 0.00
A6 0.00 0.00
A7 0.00 0.00
A8 0.00 0.00
A9 0.00 0.00
A10 0.00 0.00
A11 0.00 0.00
A12 0.00 0.00
A13 0.00 0.00
A14 0.00 0.00
A15 0.00 0.00
A16 0.00 0.00
A17 0.00 0.00
A18 0.00 0.00
A19 0.00 0.00
A20 0.00 0.00
A21 0.00 70.99
A22 85,036.75 2.28
APO 193,039.02 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,244,668.30 280.15
B2 4,271,263.57 97.72
B3 1,993,825.45 45.62
B4 1,993,825.45 45.62
B5 1,139,193.32 26.06
B6 907,438.73 20.76
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 73,850,343.08 1,960.15
- --------------------------------------------------------------------------------
Payment Date: 08/25/03
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 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 0.00 6.500000% 060506DQ2 0.000000 0.000000 0.000000
A2 0.00 6.500000% 060506DR0 0.000000 0.000000 0.000000
A3 0.00 6.500000% 060506DS8 0.000000 0.000000 0.000000
A4 60,000,000.00 6.500000% 060506DT6 149.632459 5.393817 850.367541
A5 0.00 6.750000% 060506DU3 0.000000 0.000000 0.000000
A6 0.00 6.750000% 060506DV1 0.000000 0.000000 0.000000
A7 0.00 6.750000% 060506DW9 0.000000 0.000000 0.000000
A8 0.00 6.750000% 060506DX7 0.000000 0.000000 0.000000
A9 0.00 6.750000% 060506DY5 0.000000 0.000000 0.000000
A10 0.00 7.000000% 060506DZ2 0.000000 0.000000 0.000000
A11 0.00 7.000000% 060506EA6 0.000000 0.000000 0.000000
A12 0.00 5.500000% 060506EB4 0.000000 0.000000 0.000000
A13 0.00 7.000000% 060506EC2 0.000000 0.000000 0.000000
A14 0.00 7.000000% 060506ED0 0.000000 0.000000 0.000000
A15 0.00 6.250000% 060506EE8 0.000000 0.000000 0.000000
A16 0.00 7.000000% 060506EF5 0.000000 0.000000 0.000000
A17 0.00 7.000000% 060506EG3 0.000000 0.000000 0.000000
A18 0.00 7.000000% 060506EH1 0.000000 0.000000 0.000000
A19 0.00 0.000000% 060506EJ7 0.000000 0.000000 0.000000
A20 0.00 6.500000% 060506EV0 0.000000 0.000000 0.000000
A21 3,106,919.79 6.500000% 060506EK4 285.090823 1.537728 0.000000
A22 100,000.00 6.500000% 060506EL2 149.632459 5.393817 850.367541
APO 262,473.88 0.000000% 060506EM0 93.502236 0.000000 259.949857
Residual AR 0.00 6.500000% 060506EN8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,260,636.27 6.500000% 060506EP3 1.236964 5.122909 948.537323
B2 4,276,833.61 6.500000% 060506EQ1 1.236964 5.122909 948.537323
B3 1,996,425.55 6.500000% 060506ER9 1.236964 5.122909 948.537323
B4 1,996,425.55 6.500000% 060506ES7 1.236964 5.122909 948.537323
B5 1,140,678.92 6.500000% 060506ET5 1.236964 5.122909 948.537321
B6 908,622.10 6.500000% 060506EU2 0.985099 4.079806 755.400494
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 86,049,015.66 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-5 Trust
Bank of America, FSB, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 73,850,340.48 73,850,340.48
Loan count 230 230
Avg loan rate 7.017423% 7.02
Prepay amount 12,086,605.02 12,086,605.02
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 18,386.81 18,386.81
Sub servicer fees 0.00 0.00
Trustee fees 250.98 250.98
Agg advances N/A N/A
Adv this period 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 233,300.09 233,300.09
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 6,003,829.70 6,003,829.70
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 73.784797% 100.000000% 63,469,393.67
-----------------------------------------------------------------------------
Junior 26.215203% 0.000000% 22,550,214.82
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 5 2,061,235.96
60 to 89 days 2 490,693.20
90 or more 2 536,799.58
Foreclosure 0 0.00
Totals: 9 3,088,728.74
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 12,661,389.53 12,661,389.53
Principal remittance amount 12,198,672.58 12,198,672.58
Interest remittance amount 462,716.95 462,716.95