8-K 1 boa9805_8k0212.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): December 25, 2002 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-5 Trust) (Exact name of registrant as specified in charter) North Carolina 333-53933-03 13-4048098 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 Barclay St. 8W, New York, NY 10286 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 212-815-6140 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 1998-5 Trust On December 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1998-5 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of September 1, 1998, among BOA as Depositor, BA 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 1998-5 Trust relating to the distribution date of December 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of September 1, 1998. 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, 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 December 25, 2002 Payment Date: 12/25/02 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, 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 IA-1 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-3 2,500,000.00 6.750000% 0.00 14,062.50 14,062.50 0.00 0.00 IA-4 38,062,479.00 6.750000% 0.00 214,101.44 214,101.44 0.00 0.00 IA-5 1914,~~260~~343,~~959~~111.6818 6.750000% 45,~~917~~130,~~848~~731.5007 ~~108~~80,~~342~~680.9000 5,~~026~~211,~~191~~411.4007 0.00 0.00 IA-6 19,926,842.00 7.200000% 0.00 119,561.05 119,561.05 0.00 0.00 IA-7 1,328,457.00 0.000000% 0.00 0.00 0.00 0.00 0.00 IA-8 3120,~~801~~699,~~944~~877.5125 6.750000% 11,~~102~~582,~~067~~650.2571 ~~178~~116,~~885~~436.9481 11,~~280~~699,~~953~~087.1951 0.00 0.00 IA-9 4,700,000.00 6.875000% 0.00 26,927.08 26,927.08 0.00 0.00 IA-10 1,950,000.00 6.750000% 0.00 10,968.75 10,968.75 0.00 0.00 IA-11 1,000,000.00 6.750000% 0.00 5,625.00 5,625.00 0.00 0.00 IA-12 87,038.00 0.000000% 0.00 0.00 0.00 0.00 0.00 I-X-1 2,~~711~~359,~~382~~813.7397 6.750000% 0.00 1513,~~251~~273.5395 1513,~~251~~273.5395 0.00 0.00 I-X-2 ~~175~~174,~~081~~799.6787 6.750000% 0.00 ~~984~~983.8325 ~~984~~983.8325 0.00 0.00 I-PO ~~175~~166,~~246~~148.8005 0.000000% ~~9,098~~271.7573 0.00 ~~9,098~~271.7573 0.00 0.00 Residual R-I 0.00 6.750000% 0.00 0.0103 0.0103 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate IM 7,~~230~~221,~~424~~219.4064 6.750000% 9,~~204~~224.7609 40,~~671~~619.1436 49,~~875~~843.8945 0.00 0.00 IB-1 3,~~234~~230,~~663~~545.5765 6.750000% 4,~~117~~126.9257 18,~~194~~171.9882 22,~~312~~298.9039 0.00 0.00 IB-2 1,~~522~~520,~~194~~256.5066 6.750000% 1,~~937~~941.8491 8,~~562~~551.3444 10,~~500~~493.1936 0.00 0.00 IB-3 1,~~333~~331,~~343~~646.4604 6.750000% 1,~~697~~700.4299 7,~~500~~490.0651 9,~~197~~191.4850 0.00 0.00 IB-4 ~~953~~952,~~419~~205.4771 6.750000% 1,~~213~~216.7631 5,~~362~~356.9816 6,~~576~~572.7447 0.00 0.00 IB-5 ~~947~~946,~~902~~695.2350 6.750000% 1,~~206~~209.7427 5,~~331~~325.9516 6,~~538~~534.6943 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~136~~119,~~014~~966,~~914~~521.6268 - 16,~~048~~733,~~392~~072.9465 ~~780~~688,~~334~~134.5032 1617,~~828~~421,~~727~~206.4497 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior IA-1 0.00 0.00 IA-2 0.00 0.00 IA-3 2,500,000.00 0.00 IA-4 38,062,479.00 0.00 IA-5 149,~~343~~212,~~111~~380.1811 0.00 IA-6 19,926,842.00 0.00 IA-7 1,328,457.00 0.00 IA-8 209,~~699~~117,~~877~~226.2555 0.00 IA-9 4,700,000.00 0.00 IA-10 1,950,000.00 0.00 IA-11 1,000,000.00 0.00 IA-12 87,038.00 0.00 I-X-1 21,~~359~~969,~~813~~959.9775 0.00 I-X-2 174,~~799~~501.8721 0.00 I-PO ~~166~~165,~~148~~876.0532 0.00 Residual R-I 0.00 0.00 -------------------------------------------------------------------------------- Subordinate IM 7,~~221~~211,~~219~~995.6455 0.00 IB-1 3,~~230~~226,~~545~~419.6508 0.00 IB-2 1,~~520~~518,~~256~~314.6675 0.00 IB-3 1,~~331~~329,~~646~~945.0405 0.00 IB-4 ~~952~~950,~~205~~989.7140 0.00 IB-5 ~~946~~945,~~695~~486.5023 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~119~~103,~~966~~233,~~521~~449.6803 - --------------------------------------------------------------------------------

Payment Date: 12/25/02 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, 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 IA-1 0.00 6.750000% 055240JQ9 0.000000 0.000000 0.000000 IA-2 0.00 6.750000% 055240JR7 0.000000 0.000000 0.000000 IA-3 2,500,000.00 6.750000% 055240JS5 0.000000 5.625000 1,000.000000 IA-4 38,062,479.00 6.750000% 055240JT3 0.000000 5.625000 1,000.000000 IA-5 1914,~~260~~343,~~959~~111.6818 6.750000% 055240JU0 4951.~~270210~~403007 10.~~085450~~808305 ~~143~~92.~~698633~~295626 IA-6 19,926,842.00 7.200000% 055240JV8 0.000000 6.000000 1,000.000000 IA-7 1,328,457.00 0.000000% 055240JW6 0.000000 0.000000 1,000.000000 IA-8 3120,~~801~~699,~~944~~877.5125 6.750000% 055240JX4 ~~252~~263.~~151720~~066799 42.~~062883~~644529 ~~470~~207.~~138537~~071737 IA-9 4,700,000.00 6.875000% 055240JY2 0.000000 5.729167 1,000.000000 IA-10 1,950,000.00 6.750000% 055240JZ9 0.000000 5.625000 1,000.000000 IA-11 1,000,000.00 6.750000% 055240KA2 0.000000 5.625000 1,000.000000 IA-12 87,038.00 0.000000% 055240KB0 0.000000 0.000000 1,000.000000 I-X-1 2,~~711~~359,~~382~~813.7397 6.750000% 055240KC8 0.000000 1.~~789913~~557825 ~~276~~231.~~946751~~193627 I-X-2 ~~175~~174,~~081~~799.6787 6.750000% 055240KD6 0.000000 0.~~883983~~882561 156.~~899655~~631585 I-PO ~~175~~166,~~246~~148.8005 0.000000% 055240KM6 341.~~199261~~021346 0.000000 ~~624~~623.~~496992~~475646 Residual R-I 0.00 6.750000% 055240KH7 0.000000 0.~~231910~~501401 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate IM 7,~~230~~221,~~424~~219.4064 6.750000% 055240KE4 1.~~213411~~215959 5.~~361444~~354619 ~~951~~950.~~932200~~716241 IB-1 3,~~234~~230,~~663~~545.5765 6.750000% 055240KF1 1.~~213411~~215959 5.~~361444~~354619 ~~951~~950.~~932199~~716240 IB-2 1,~~522~~520,~~194~~256.5066 6.750000% 055240KG9 1.~~213411~~215959 5.~~361444~~354619 ~~951~~950.~~932197~~716238 IB-3 1,~~333~~331,~~343~~646.4604 6.750000% 055240KJ3 1.~~214707~~217259 5.~~367174~~360341 ~~952~~951.~~949589~~732330 IB-4 ~~953~~952,~~419~~205.4771 6.750000% 055240KK0 1.~~216023~~218578 5.~~372989~~366149 ~~953~~952.~~982026~~763448 IB-5 ~~947~~946,~~902~~695.2350 6.750000% 055240KL8 1.~~208984~~211524 5.~~341886~~335085 ~~948~~947.~~459632~~248109 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~136~~119,~~014~~966,~~914~~521.6268 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 7,173,629.08 95,054,673.91 1,005,146.04 Loan count 21 316 2 Avg loan rate 6.843930% 7.375040% 8.171759% Prepay amount 3,018.72 16,576,445.12 368.88 Total ----- Prin balance 103,233,449.03 Loan count 339 Avg loan rate 7.35 Prepay amount 16,579,832.72 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 1,470.12 5,841.78 206.00 Sub servicer fees 0.00 0.00 0.00 Trustee fees 26.95 419.15 3.78 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 7,517.91 Sub servicer fees 0.00 Trustee fees 449.87 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 18,933.54 0.00 Total ----- Realized losses 0.00 Cumulative losses 18,933.54 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 Special Hazard 1,487,519.90 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 1,487,519.90 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 87.341795% 100.000000% 104,763,952.48 ----------------------------------------------------------------------------- Junior 12.658205% 0.000000% 15,183,150.06 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 9 2,476,151.08 60 to 89 days 0 0.00 90 or more 1 263,895.93 Foreclosure 0 0.00 Totals: 10 2,740,047.01 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 17,421,206.97 17,421,206.97 Principal remittance amount 16,733,072.65 16,733,072.65 Interest remittance amount 688,134.32 688,134.32

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