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Bank of America Mort SEC Inc Mort Pass THR Cert Ser 1999-2 – ‘8-K’ for 12/25/00

On: Tuesday, 12/9/03, at 6:02pm ET · As of: 12/10/03 · For: 12/25/00 · Accession #: 1071787-3-1663 · File #: 333-67267-01

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/10/03  Bank of America Mort SEC … 1999-2 8-K:7      12/25/00    1:14K                                    Bank of NY… Analytics/FA

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         8     31K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Financial Statements and Exhibits Other Events
1	1st Page - Filing Submission
2	Item 5. Other Events
"	Item 7. Financial Statements and Exhibits

8-K 1st Page of 8 TOC ↑Top Previous Next ↓Bottom Just 1st
 
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): December 25, 2000 

BANK OF AMERICA MORTGAGE SECURITIES, INC. 

(Depositor) 

North Carolina                333-67267-01                  13-4058845/8847     
(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)

8-K 2nd Page of 8 TOC 1st Previous Next ↓Bottom Just 2nd
Item 5.  Other Events                                                           

BANK OF AMERICA MORTGAGE SECURITIES, INC. 
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-2 Trust 

On December 25, 2000, 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 1999-2 Trust. The monthly distributions were made pursuant
to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing 
Agreement") dated as of March 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 1999-2 Trust relating to the
                    Distribution  Date  of  December  25,  2000  prepared by the
                    Trustee  pursuant  to the terms of the Pooling and Servicing
Agreement.                              

8-K 3rd Page of 8 TOC 1st Previous Next ↓Bottom Just 3rd
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: December 25, 2000                                                        

By: /s/ Diane Pickett       
          ------------------------------
Name:   Diane Pickett       
  Vice President
         The Bank of New York,
as Trustee  

8-K 4th Page of 8 TOC 1st Previous Next ↓Bottom Just 4th
EXHIBIT INDEX 

Exhibit                                                                         

99                  Report  to  Holders  of  Series 1999-2 Trust relating to the
                    Distribution  Date  of  December  25,  2000  prepared by the
                    Trustee  pursuant  to the terms of the Pooling and Servicing
Agreement.                              

99                  Monthly Remittance Statement dated December 25, 2000        

Payment Date: 12/25/00

------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-2 Trust 
BANK OF AMERICA, FSB, SERVICER
------------------------------------------------------------

                                                        [Enlarge/Download Table]


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                  A-1        85,525,877.42    6.500000%     1,005,617.47    463,265.17    1,468,882.64       0.00       0.00
                        A-2        87,781,013.56    6.500000%       848,937.56    475,480.49    1,324,418.05       0.00       0.00
                        A-3        26,800,000.00    6.500000%             0.00    145,166.67      145,166.67       0.00       0.00
                        A-4         4,826,000.00    6.500000%             0.00     26,140.83       26,140.83       0.00       0.00
                        A-5         7,621,000.00    6.500000%             0.00     41,280.42       41,280.42       0.00       0.00
                        A-6         6,009,000.00    6.500000%             0.00     32,548.75       32,548.75       0.00       0.00
                        A-7         8,456,429.00    6.900000%             0.00     48,624.47       48,624.47       0.00       0.00
                        A-8         3,382,571.00    5.500000%             0.00     15,503.45       15,503.45       0.00       0.00
                        A-9           291,256.60    6.500000%         2,344.39      1,577.64        3,922.03       0.00       0.00
                        A-10        7,912,316.24    6.500000%             0.00          0.00            0.00       0.00       0.00
                        A-11       41,798,227.92    5.750000%     1,363,507.71    200,283.18    1,563,790.88       0.00       0.00
                        A-12       48,883,000.00    5.900000%             0.00    240,341.42      240,341.42       0.00       0.00
                        A-13       61,895,452.51    6.350000%       464,597.24    327,530.10      792,127.34       0.00       0.00
                        PAC IO A   38,633,728.24    8.310925%             0.00     85,103.99       85,103.99       0.00       0.00
                        A-PO          702,719.62    0.000000%         1,025.08          0.00        1,025.08       0.00       0.00
Residual                A-R                 0.00    6.500000%             0.00          7.97            7.97       0.00       0.00
                        A-LR                0.00    6.500000%             0.00          0.00            0.00       0.00       0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate             B-1        10,568,235.07    6.500000%        10,385.81     57,244.61       67,630.42       0.00       0.00
                        B-2         3,686,593.74    6.500000%         3,622.96     19,969.05       23,592.01       0.00       0.00
                        B-3         1,720,411.07    6.500000%         1,690.71      9,318.89       11,009.61       0.00       0.00
                        B-4         1,720,411.07    6.500000%         1,690.71      9,318.89       11,009.61       0.00       0.00
                        B-5           983,092.32    6.500000%           966.12      5,325.08        6,291.21       0.00       0.00
                        B-6           983,471.51    6.500000%           966.50      5,327.14        6,293.63       0.00       0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals          -        -        450,180,806.87     -            3,705,352.25  2,209,358.20    5,914,710.45     -          -     
----------------------------------------------------------------------------------------------------------------------------------
Class Information                                                                                                                 

--------------------------------------------------------------------------------                                                  
                                             Ending Cert.          Unpaid                                                         
Type             Class Code     Name         Notional Bal.         Interest                                                       
--------------------------------------------------------------------------------                                                  
Senior                          A-1        84,520,259.95              0.00                                                        
                                A-2        86,932,076.00              0.00                                                        
                                A-3        26,800,000.00              0.00                                                        
                                A-4         4,826,000.00              0.00                                                        
                                A-5         7,621,000.00              0.00                                                        
                                A-6         6,009,000.00              0.00                                                        
                                A-7         8,456,429.00              0.00                                                        
                                A-8         3,382,571.00              0.00                                                        
                                A-9           288,912.21              0.00                                                        
                                A-10        7,955,174.62              0.00                                                        
                                A-11       40,434,720.21              0.00                                                        
                                A-12       48,883,000.00              0.00                                                        
                                A-13       61,430,855.27              0.00                                                        
                                PAC IO A   38,816,192.60              0.00                                                        
                                A-PO          701,694.54              0.00                                                        
Residual                        A-R                 0.00              0.00                                                        
                                A-LR                0.00              0.00                                                        
--------------------------------------------------------------------------------                                                  
Subordinate                     B-1        10,557,849.26              0.00                                                        
                                B-2         3,682,970.79              0.00                                                        
                                B-3         1,718,720.35              0.00                                                        
                                B-4         1,718,720.35              0.00                                                        
                                B-5           982,126.20              0.00                                                        
                                B-6           982,505.01              0.00                                                        
--------------------------------------------------------------------------------                                                  
--------------------------------------------------------------------------------                                                  
Totals            -              -        446,700,777.36     -                                                                    
--------------------------------------------------------------------------------                                                  


8-K 5th Page of 8 TOC 1st Previous Next ↓Bottom Just 5th
Payment Date: 12/25/00

------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-2 Trust 
BANK OF AMERICA, FSB, SERVICER
------------------------------------------------------------

                                                        [Enlarge/Download Table]


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                     A-1    85,525,877.42     6.500000% 060506BK7    10.056175      4.632652    845.202599        
                           A-2    87,781,013.56     6.500000% 060506BL5     8.489376      4.754805    869.320760        
                           A-3    26,800,000.00     6.500000% 060506BM3     0.000000      5.416667  1,000.000000        
                           A-4     4,826,000.00     6.500000% 060506BN1     0.000000      5.416667  1,000.000000        
                           A-5     7,621,000.00     6.500000% 060506BP6     0.000000      5.416667  1,000.000000        
                           A-6     6,009,000.00     6.500000% 060506BQ4     0.000000      5.416667  1,000.000000        
                           A-7     8,456,429.00     6.900000% 060506BR2     0.000000      5.750000  1,000.000000        
                           A-8     3,382,571.00     5.500000% 060506BS0     0.000000      4.583333  1,000.000000        
                           A-9       291,256.60     6.500000% 060506BT8     7.213501      4.854277    888.960641        
                           A-10    7,912,316.24     6.500000% 060506BU5     0.000000      0.000000    710.346872        
                           A-11   41,798,227.92     5.750000% 060506BV3    26.968645      3.961375    799.753164        
                           A-12   48,883,000.00     5.900000% 060506BW1     0.000000      4.916667  1,000.000000        
                           A-13   61,895,452.51     6.350000% 060506BX9     6.083743      4.288896    804.416244        
                           PAC IO A 38,633,728.24     8.310925% 060506BY7     0.000000      2.418826  1,103.234214      
                           A-PO      702,719.62     0.000000% 060506BZ4     1.368655      0.000000    936.883118        
Residual                   A-R             0.00     6.500000% 060506CA8     0.000000     79.667259      0.000000        
                           A-LR            0.00     6.500000% 060506CB6     0.000000      0.000000      0.000000        
------------------------------------------------------------------------------------------------------------------------
Subordinate                B-1    10,568,235.07     6.500000% 060506CC4     0.965395      5.321071    981.386232        
                           B-2     3,686,593.74     6.500000% 060506CD2     0.965395      5.321071    981.386232        
                           B-3     1,720,411.07     6.500000% 060506CE0     0.965395      5.321071    981.386232        
                           B-4     1,720,411.07     6.500000% 060506CF7     0.965395      5.321071    981.386232        
                           B-5       983,092.32     6.500000% 060506CQ5     0.965395      5.321071    981.386232        
                           B-6       983,471.51     6.500000% 060506CH3     0.965394      5.321067    981.385477        
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals       -             -     450,180,806.87       -            -           -             -           -              
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

8-K 6th Page of 8 TOC 1st Previous Next ↓Bottom Just 6th
------------------------------------------------------------
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-2 Trust 
BANK OF AMERICA, FSB, SERVICER
------------------------------------------------------------

--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------

           Total
           -----
Prin balance       446,702,248.74   446,702,248.74                              
Loan count                   1352             1352                              
Avg loan rate           7.162856%             7.16                              
Prepay amount        3,037,558.68     3,037,558.68                              

--------------------------------------------------------------------------------
 FEES AND ADVANCES
--------------------------------------------------------------------------------

           Total
           -----
Master serv fees       245,632.50       245,632.50                              
Sub servicer fees            0.00             0.00                              
Trustee fees             1,313.03         1,313.03                              

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            0.00             0.00                              

Coverage Amounts                           Total                                
----------------                           -----                                
Bankruptcy                   0.00             0.00                              
Fraud                5,003,766.00     5,003,766.00                              
Special Hazard       4,682,971.29     4,682,971.29                              

   Aggregate Certificate Information
   -----------------------------------------------------------------------------
  Class            Aggregate           Aggregate                     Aggregate
  Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
 Senior           95.636479%           100.000000%            430,518,592.09
   -----------------------------------------------------------------------------
 Junior            4.363521%             0.000000%             19,642,891.96
   -----------------------------------------------------------------------------

--------------------------------------------------------------------------------
DELINQUENCY INFORMATION     
--------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance          
------                             ----------    ---------------------          
30 to 59 days                           9                 3,124,459.25          
60 to 89 days                           0                         0.00          
90 or more                              3                 1,262,714.82          
Foreclosure                             0                         0.00          

Totals:                                12                 4,387,174.07          
--------------------------------------------------------------------------------

8-K 7th Page of 8 TOC 1st Previous Next ↓Bottom Just 7th
--------------------------------------------------------------------------------
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    

8-K Last Page of 8 TOC 1st Previous Next ↓Bottom Just 8th
--------------------------------------------------------------------------------
OTHER INFORMATION 
--------------------------------------------------------------------------------
                           Amount/Withdrawal     Total/Ending Bal.
                           -----------------     -----------------
Available remittance amount            5,914,710.45          5,914,710.45       
Principal remittance amount            3,705,352.25          3,705,352.25       
Interest remittance amount             2,209,358.20          2,209,358.20

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘8-K’ Filing	Date	First	Last	Other Filings

Filed as of:	12/10/03			8-K
Filed on:	12/9/03			8-K
For Period End:	12/25/00	1	4
	3/1/99	2
				List all Filings

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Filing Submission 0001071787-03-001663 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Bank of America Mort SEC Inc Mort Pass THR Cert Ser 1999-2 – ‘8-K’ for 12/25/00

On: Tuesday, 12/9/03, at 6:02pm ET · As of: 12/10/03 · For: 12/25/00 · Accession #: 1071787-3-1663 · File #: 333-67267-01

Previous ‘8-K’: ‘8-K’ on 12/10/03 for 11/25/00 · Latest ‘8-K’: This Filing

Current Report — Form 8-KFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Current Report — Form 8-K
Filing Table of Contents