8-K 1 boa9912_edgar0210.txt 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): October 25, 2002 BOA (Depositor) (Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12) (Exact name of registrant as specified in charter) North Carolina 33-63714 13-4078651 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 100 N. Tryon St., Charlotte, NC 28255 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (704) 388-5770 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 1999-12 On October 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-12, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of November 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 1999-12 relating to the distribution date of October 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of November 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: October 25, 2002 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 October 25, 2002 Payment Date: 10/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Bank of America, N.A., Master 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 1712,~~644~~007,~~040~~438.0009 7.500000% 57,~~636~~333,~~601~~853.9179 ~~109~~73,~~734~~225.4831 57,~~746~~407,~~336~~079.3910 0.00 ~~540~~1,821.7718 A2 3,092,000.00 7.500000% 0.00 1918,~~230~~856.2303 1918,~~230~~856.2303 0.00 94468.7797 A3 2,542,000.00 7.500000% 0.00 15,~~809~~501.5995 15,~~809~~501.5995 0.00 77385.9155 A4 2,043,000.00 7.500000% 0.00 12,~~706~~458.1389 12,~~706~~458.1389 0.00 62309.6286 A5 10,000,000.00 7.500000% 0.00 6260,~~193~~983.5129 6260,~~193~~983.5129 0.00 ~~306~~1,516.4971 A6 22,500,000.00 7.500000% 0.00 ~~139~~137,~~935~~212.4041 ~~139~~137,~~935~~212.4041 0.00 ~~689~~3,412.6059 APO 1,~~259~~213,~~910~~378.7767 0.000000% 46210,~~532~~028.1003 0.00 46210,~~532~~028.1003 0.00 0.00 Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 5,~~690~~684,~~493~~731.0918 7.500000% 5,~~761~~859.9042 3534,~~391~~667.1736 4140,~~153~~526.0779 0.00 ~~174~~862.4121 B2 1,~~641~~640,~~694~~031.1383 7.500000% 1,~~662~~690.3043 10,~~210~~001.2745 11,~~872~~691.5788 0.00 50248.3274 B3 ~~985~~984,~~210~~213.9942 7.500000% ~~997~~1,014.5746 6,~~127~~002.3706 7,~~124~~016.9552 0.00 30149.2028 B4 ~~657~~656,~~455~~790.7100 7.500000% ~~665~~676.7197 4,~~088~~005.9532 4,~~754~~682.6529 0.00 2099.1562 B5 438,~~628~~184.2916 7.500000% ~~444~~451.1365 2,~~727~~672.9819 3,~~172~~123.1284 0.00 1366.4446 B6 267,~~464~~193.6077 7.500000% ~~270~~275.8240 1,~~663~~629.4644 1,~~934~~904.2884 0.00 840.2053 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 6863,~~761~~068,~~897~~961.5713 - 57,~~692~~553,~~936~~850.4415 ~~419~~377,~~818~~215.5472 67,~~112~~931,~~754~~065.9887 - 29,~~068~~381.8767 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 124,~~007~~673,~~438~~584.0931 ~~540~~1,821.7718 A2 3,092,000.00 94468.7797 A3 2,542,000.00 77385.9155 A4 2,043,000.00 62309.6286 A5 10,000,000.00 ~~306~~1,516.4971 A6 22,500,000.00 ~~689~~3,412.6059 APO 1,~~213~~003,~~378~~350.6764 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 5,~~684~~678,~~731~~871.1876 ~~174~~862.4121 B2 1,~~640~~638,~~031~~341.8340 50248.3274 B3 ~~984~~983,~~213~~198.4296 30149.2028 B4 656,~~790~~113.0003 2099.1562 B5 ~~438~~437,~~184~~732.1651 1366.4446 B6 ~~267~~266,~~193~~918.7737 840.2053 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 6355,~~068~~515,~~961~~110.1398 29,~~068~~381.8767 --------------------------------------------------------------------------------

Payment Date: 10/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Bank of America, N.A., Master 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 1712,~~644~~007,~~040~~438.0009 7.500000% 060506KM3 3242.~~604130~~421644 0.~~634744~~423562 6927.~~455334~~033690 A2 3,092,000.00 7.500000% 060506KN1 0.000000 6.~~219351~~098329 1,000.000000 A3 2,542,000.00 7.500000% 060506KP6 0.000000 6.~~219351~~098329 1,000.000000 A4 2,043,000.00 7.500000% 060506KQ4 0.000000 6.~~219351~~098329 1,000.000000 A5 10,000,000.00 7.500000% 060506KR2 0.000000 6.~~219351~~098329 1,000.000000 A6 22,500,000.00 7.500000% 060506KS0 0.000000 6.~~219351~~098329 1,000.000000 APO 1,~~259~~213,~~910~~378.7767 0.000000% 060506KT8 25114.~~470107~~962284 0.000000 ~~664~~549.~~162708~~200424 Residual AR 0.00 7.500000% 060506KU5 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 5,~~690~~684,~~493~~731.0918 7.500000% 060506KV3 01.~~984772~~001439 65.~~048739~~925032 ~~971~~970.~~582838~~581398 B2 1,~~641~~640,~~694~~031.1383 7.500000% 060506KW1 01.~~984772~~001439 65.~~048739~~925032 ~~971~~970.~~582838~~581399 B3 ~~985~~984,~~210~~213.9942 7.500000% 060506KX9 01.~~984772~~001439 65.~~048739~~925032 ~~971~~970.~~582839~~581399 B4 ~~657~~656,~~455~~790.7100 7.500000% 060506KY7 01.~~984772~~001439 65.~~048739~~925032 ~~971~~970.~~582842~~581402 B5 438,~~628~~184.2916 7.500000% 060506KZ4 01.~~984773~~001440 65.~~048743~~925036 ~~971~~970.~~583508~~582068 B6 267,~~464~~193.6077 7.500000% 060506LA8 0.~~600879~~611048 3.~~690760~~615278 592.~~830840~~219792 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 6863,~~761~~068,~~897~~961.5713 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Bank of America, N.A., Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 55,515,111.09 55,515,111.09 Loan count 150 150 Avg loan rate 7.782378% 7.78 Prepay amount 7,488,761.22 7,488,761.22 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 0.00 0.00 Sub servicer fees 0.00 0.00 Trustee fees 236.51 236.51 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 174,498.99 174,498.99 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 2,250,137.38 2,250,137.38 Special Hazard 1,933,577.14 1,933,577.14 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 84.679146% 100.000000% 53,397,816.76 ----------------------------------------------------------------------------- Junior 15.320854% 0.000000% 9,661,176.03 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 1,741,775.01 60 to 89 days 1 272,857.02 90 or more 2 766,319.21 Foreclosure 1 255,007.38 Totals: 9 3,035,958.62 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 7,931,065.87 7,931,065.87 Principal remittance amount 7,553,850.15 7,553,850.15 Interest remittance amount 377,215.72 377,215.72

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