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 333-67267-04 13-4067086
(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 1999-5 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 1999-5 Trust. The monthly distributions were made pursuant
to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of May 1, 1999 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 1999-5 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 1999-5 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 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 33,884,482.03 6.500000% 33,884,482.03 183,540.94 34,068,022.98 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 6.750000% 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 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
A22 56,474.14 6.500000% 56,474.14 305.90 56,780.04 0.00 0.00
APO 149,237.35 0.000000% 149,237.35 0.00 149,237.35 0.00 0.00
Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,212,276.20 6.500000% 12,212,274.90 66,149.83 12,278,424.73 0.00 0.00
B2 4,259,964.34 6.500000% 4,259,963.90 23,074.81 4,283,038.71 0.00 0.00
B3 1,988,550.98 6.500000% 1,988,550.77 10,771.32 1,999,322.09 0.00 0.00
B4 1,988,550.98 6.500000% 1,988,550.77 10,771.32 1,999,322.09 0.00 0.00
B5 1,136,179.70 6.500000% 1,136,179.58 6,154.31 1,142,333.89 0.00 0.00
B6 905,038.24 6.500000% 905,038.14 4,902.29 909,940.43 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 56,580,753.95 - 56,580,751.57 305,670.71 56,886,422.29 - -
- ----------------------------------------------------------------------------------------------------------------------------------
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 0.00 0.00
A20 0.00 0.00
A21 0.00 0.00
A22 0.00 0.00
APO 0.00 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 0.00 0.00
B2 0.00 0.00
B3 0.00 0.00
B4 0.00 0.00
B5 0.00 0.00
B6 0.00 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 0.00 -
- --------------------------------------------------------------------------------
Payment Date: 11/25/03
------------------------------------------------------------
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 33,884,482.03 6.500000% 060506DT6 564.741367 3.059016 0.000000
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 0.00 6.500000% 060506EK4 0.000000 0.000000 0.000000
A22 56,474.14 6.500000% 060506EL2 564.741367 3.059016 0.000000
APO 149,237.35 0.000000% 060506EM0 200.965721 0.000000 0.000000
Residual AR 0.00 6.500000% 060506EN8 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,212,276.20 6.500000% 060506EP3 946.027957 5.124319 0.000000
B2 4,259,964.34 6.500000% 060506EQ1 946.027959 5.124319 0.000000
B3 1,988,550.98 6.500000% 060506ER9 946.027959 5.124319 0.000000
B4 1,988,550.98 6.500000% 060506ES7 946.027959 5.124319 0.000000
B5 1,136,179.70 6.500000% 060506ET5 946.027960 5.124319 0.000000
B6 905,038.24 6.500000% 060506EU2 753.402117 4.080929 0.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 56,580,753.95 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-5 Trust
Bank of America, FSB, Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 0.00 0.00
Loan count 0 0
Avg loan rate 7.038986% 7.04
Prepay amount 56,505,821.10 56,505,821.10
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 19,106.01 19,106.01
Sub servicer fees 0.00 0.00
Trustee fees 165.03 165.03
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 100.000000% 100.000000% 34,090,193.52
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 56,886,422.29 56,886,422.29
Principal remittance amount 56,580,751.57 56,580,751.57
Interest remittance amount 305,670.71 305,670.71