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): November 25, 2003
Bank of America Mortgage Securities, Inc.
(Depositor)
North Carolina 333-56234-08 13-4186194/6195
(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 2001-8 trust
On November 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 2001-8 trust. The monthly distributions were made pursuant
to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of July 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 2001-8 trust relating to the
Distribution Date of November 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: November 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 2001-8 trust relating to the
Distribution Date of November 25, 2003 prepared by the
Trustee pursuant to the terms of the Pooling and Servicing
Agreement.
99 Monthly Remittance Statement dated November 25, 2003
Payment Date: 11/25/03
------------------------------------------------------------
Mortgage Pass-Through Certificates
Series 2001-8 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 6.750000% 0.00 0.00 0.00 0.00 0.00
A2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A3 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A4 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
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 6.000000% 0.00 0.00 0.00 0.00 0.00
A8 0.00 1.970000% 0.00 0.00 0.00 0.00 0.00
A9 0.00 25.187143% 0.00 0.00 0.00 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A12 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A13 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A14 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A15 0.00 5.750000% 0.00 0.00 0.00 0.00 0.00
A16 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A17 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A18 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A19 51,582,521.24 6.750000% 7,110,954.88 290,151.68 7,401,106.57 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 22,024,903.09 6.500000% 3,325,024.84 119,301.56 3,444,326.39 0.00 0.00
3A1 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
3A2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 9,457,385.03 6.750000% 939,412.74 53,184.24 992,596.99 0.00 13.55
APO 674,561.87 0.000000% 12,420.88 0.00 12,420.88 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,970,993.75 6.750000% 11,932.53 67,336.84 79,269.37 0.00 0.00
B2 5,281,722.70 6.750000% 5,264.75 29,709.69 34,974.44 0.00 0.00
B3 2,817,048.92 6.750000% 2,808.00 15,845.90 18,653.90 0.00 0.00
B4 1,760,899.60 6.750000% 1,755.24 9,905.06 11,660.30 0.00 0.00
B5 1,408,524.46 6.750000% 1,404.00 7,922.95 9,326.95 0.00 0.00
B6 1,311,805.18 6.750000% 1,307.53 7,378.90 8,686.43 0.06 0.00
2B1 1,785,261.31 6.500000% 7,710.95 9,670.17 17,381.11 0.00 0.00
2B2 961,294.55 6.500000% 4,152.05 5,207.01 9,359.06 0.00 0.00
2B3 549,311.17 6.500000% 2,372.60 2,975.44 5,348.03 0.00 0.00
2B4 274,655.59 6.500000% 1,186.30 1,487.72 2,674.02 0.00 0.00
2B5 274,655.59 6.500000% 1,186.30 1,487.72 2,674.02 0.00 0.00
2B6 275,294.03 6.500000% 1,189.04 1,491.18 2,680.22 0.02 0.00
3B1 2,774,000.18 6.750000% 2,703.88 15,599.78 18,303.66 0.00 3.97
3B2 782,810.75 6.750000% 763.02 4,402.19 5,165.21 0.00 1.12
3B3 427,520.08 6.750000% 416.71 2,404.19 2,820.90 0.00 0.61
3B4 427,520.08 6.750000% 416.71 2,404.19 2,820.90 0.00 0.61
3B5 285,013.39 6.750000% 277.81 1,602.79 1,880.60 0.00 0.41
3B6 285,255.41 6.750000% 278.04 1,604.15 1,882.20 0.00 0.41
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 117,392,957.97 - 11,434,938.82 651,073.34 12,086,012.16 0.08 20.68
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 0.00 0.00
A2 0.00 0.00
A3 0.00 0.00
A4 0.00 0.00
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 44,471,566.35 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 18,699,878.26 0.00
3A1 0.00 0.00
3A2 0.00 0.00
3A3 8,517,972.29 13.55
APO 662,140.99 0.00
- --------------------------------------------------------------------------------
Subordinate B1 11,959,061.21 0.00
B2 5,276,457.94 0.00
B3 2,814,240.92 0.00
B4 1,759,144.36 0.00
B5 1,407,120.46 0.00
B6 1,310,497.59 0.00
2B1 1,777,550.36 0.00
2B2 957,142.50 0.00
2B3 546,938.57 0.00
2B4 273,469.29 0.00
2B5 273,469.29 0.00
2B6 274,104.97 0.00
3B1 2,771,296.30 3.97
3B2 782,047.72 1.12
3B3 427,103.37 0.61
3B4 427,103.37 0.61
3B5 284,735.58 0.41
3B6 284,977.36 0.41
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 105,958,019.07 20.68
- --------------------------------------------------------------------------------
Payment Date: 11/25/03
------------------------------------------------------------
Mortgage Pass-Through Certificates
Series 2001-8 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 6.750000% 060506P22 0.000000 0.000000 0.000000
A2 0.00 6.750000% 060506P30 0.000000 0.000000 0.000000
A3 0.00 6.750000% 060506P48 0.000000 0.000000 0.000000
A4 0.00 6.750000% 060506P55 0.000000 0.000000 0.000000
A5 0.00 6.750000% 060506P63 0.000000 0.000000 0.000000
A6 0.00 6.750000% 060506P71 0.000000 0.000000 0.000000
A7 0.00 6.000000% 060506P89 0.000000 0.000000 0.000000
A8 0.00 1.970000% 060506P97 0.000000 0.000000 0.000000
A9 0.00 25.187143% 060506Q21 0.000000 0.000000 0.000000
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 0.00 6.750000% 060506Q47 0.000000 0.000000 0.000000
A12 0.00 6.750000% 060506Q54 0.000000 0.000000 0.000000
A13 0.00 6.750000% 060506Q62 0.000000 0.000000 0.000000
A14 0.00 6.750000% 060506Q70 0.000000 0.000000 0.000000
A15 0.00 5.750000% 060506Q88 0.000000 0.000000 0.000000
A16 0.00 6.500000% 060506Q96 0.000000 0.000000 0.000000
A17 0.00 6.750000% 060506R20 0.000000 0.000000 0.000000
A18 0.00 6.750000% 060506R38 0.000000 0.000000 0.000000
A19 51,582,521.24 6.750000% 060506R46 98.763262 4.029884 617.660644
Residual AR 0.00 6.750000% 060506R53 0.000000 0.000000 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 22,024,903.09 6.500000% 060506R79 11.127183 0.399242 62.579072
3A1 0.00 6.750000% 060506R87 0.000000 0.000000 0.000000
3A2 0.00 6.750000% 060506R95 0.000000 0.000000 0.000000
3A3 9,457,385.03 6.750000% 060506S29 64.787086 3.667879 587.446365
APO 674,561.87 0.000000% 060506S37 3.682448 0.000000 196.306440
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 11,970,993.75 6.750000% 060506S45 0.972972 5.490610 975.135455
B2 5,281,722.70 6.750000% 060506S52 0.972972 5.490610 975.135455
B3 2,817,048.92 6.750000% 060506S60 0.972972 5.490610 975.135455
B4 1,760,899.60 6.750000% 060506T51 0.972972 5.490610 975.135455
B5 1,408,524.46 6.750000% 060506T69 0.972972 5.490610 975.135455
B6 1,311,805.18 6.750000% 060506T77 0.906128 5.113639 908.185138
2B1 1,785,261.31 6.500000% 060506S78 3.902301 4.893808 899.570022
2B2 961,294.55 6.500000% 060506S86 3.902301 4.893808 899.570022
2B3 549,311.17 6.500000% 060506S94 3.902301 4.893808 899.570022
2B4 274,655.59 6.500000% 060506T85 3.902301 4.893808 899.570022
2B5 274,655.59 6.500000% 060506T93 3.902301 4.893808 899.570022
2B6 275,294.03 6.500000% 060506U26 3.902246 4.893809 899.570188
3B1 2,774,000.18 6.750000% 060506T28 0.951401 5.489014 975.121849
3B2 782,810.75 6.750000% 060506T36 0.951401 5.489014 975.121849
3B3 427,520.08 6.750000% 060506T44 0.951401 5.489014 975.121849
3B4 427,520.08 6.750000% 060506U34 0.951401 5.489014 975.121849
3B5 285,013.39 6.750000% 060506U42 0.951401 5.489014 975.121849
3B6 285,255.41 6.750000% 060506U59 0.951399 5.489015 975.122055
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 117,392,957.97 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Mortgage Pass-Through Certificates
Series 2001-8 trust
Bank of America, NA, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Prin balance 69,519,578.86 22,872,589.54 13,565,850.67
Loan count 176 60 34
Avg loan rate 7.181464% 6.961771% 7.293062%
Prepay amount 7,060,406.44 3,240,455.42 930,194.74
Total
-----
Prin balance 105,958,019.07
Loan count 270
Avg loan rate 7.15
Prepay amount 11,231,056.60
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Master serv fees 22,841.01 5,668.50 3,896.41
Sub servicer fees 0.00 0.00 0.00
Trustee fees 127.76 43.71 24.18
Agg advances N/A N/A N/A
Adv this period 0.00 0.00 0.00
Total
-----
Master serv fees 32,405.92
Sub servicer fees 0.00
Trustee fees 195.65
Agg advances N/A
Adv this period 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Realized losses 0.00 0.00 0.00
Cumulative losses 101,796.81 0.00 0.00
Total
-----
Realized losses 0.00
Cumulative losses 101,796.81
Coverage Amounts
- ----------------
Bankruptcy 0.00 0.00 0.00
Fraud 0.00 0.00 0.00
Special Hazard 1,791,402.72 0.00 0.00
Total
-----
Bankruptcy 0.00
Fraud 0.00
Special Hazard 1,791,402.72
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 71.361180% 100.000000% 83,739,371.24
-----------------------------------------------------------------------------
Junior 28.638820% 0.000000% 33,606,461.18
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 7 2,617,097.45
60 to 89 days 2 697,693.71
90 or more 1 536,992.00
Foreclosure 1 431,445.84
Totals: 11 4,283,229.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 423,145.00
Current Total Outstanding Number of Loans: 1
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 12,086,012.16 12,086,012.16
Principal remittance amount 11,434,938.82 11,434,938.82
Interest remittance amount 651,073.34 651,073.34