8-K 1 boa9907_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 1999-7 Trust) (Exact name of registrant as specified in charter) North Carolina 333-67267-06 13-4067089 (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 1999-7 Trust On December 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1999-7 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 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 1999-7 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 June 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: 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 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., 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 A-1 1811,~~310~~140,~~388~~019.8623 6.500000% 75,~~170~~083,~~369~~333.6210 9859,~~306~~888.8145 75,~~268~~143,~~676~~221.4355 0.00 ~~874~~453.4732 A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-3 2818,~~989~~242,~~295~~322.9629 6.500000% 107,~~746~~618,~~973~~916.6744 ~~155~~98,~~640~~070.8825 107,~~902~~716,~~614~~986.5669 0.00 ~~1,384~~742.4733 A-4 97,~~354~~909,~~169~~058.1462 6.500000% 1,~~445~~024,~~110~~490.5286 5042,~~221~~518.6889 1,~~495~~067,~~332~~009.2075 0.00 ~~446~~321.7484 A-5 4,459,000.00 7.000000% 0.00 25,~~781~~815.5043 25,~~781~~815.5043 0.00 ~~229~~195.3341 A-6 3,776,000.00 7.000000% 0.00 21,~~832~~861.4619 21,~~832~~861.4619 0.00 ~~194~~165.2148 A-7 2,650,000.00 7.000000% 0.00 15,~~322~~342.0420 15,~~322~~342.0420 0.00 ~~136~~116.2913 A-8 2,309,000.00 7.000000% 0.00 13,~~350~~367.4198 13,~~350~~367.4198 0.00 ~~118~~101.7619 A-9 1,823,000.00 7.000000% 0.00 10,~~540~~554.4128 10,~~540~~554.4128 0.00 9379.7689 A-10 1,551,000.00 7.000000% 0.00 8,~~967~~979.7353 8,~~967~~979.7353 0.00 7967.7797 A-11 1,245,000.00 7.000000% 0.00 7,~~198~~207.4794 7,~~198~~207.4794 0.00 6454.0356 A-12 808,000.00 7.000000% 0.00 4,~~671~~677.7892 4,~~671~~677.7892 0.00 4135.5641 A-13 1,363,000.00 7.000000% 0.00 7,~~880~~891.7310 7,~~880~~891.7310 0.00 7059.1073 A-14 553,929.00 7.000000% 0.00 3,~~202~~206.7698 3,~~202~~206.7698 0.00 2824.4927 A-15 2,090,000.00 7.000000% 0.00 12,~~084~~100.1708 12,~~084~~100.1708 0.00 ~~107~~91.4959 A-16 1,665,000.00 7.000000% 0.00 9,~~626~~639.8753 9,~~626~~639.8753 0.00 8572.6397 A-17 1,053,000.00 7.250000% 0.00 6,~~305~~314.7808 6,~~305~~314.7808 0.00 5647.0979 A-18 1,776,000.00 7.250000% 0.00 10,~~635~~649.4039 10,~~635~~649.4039 0.00 9480.6061 A-19 74,~~430~~520,~~672~~812.0521 6.500000% 2,~~909~~062,~~859~~904.8437 3924,~~894~~303.6077 2,~~949~~087,~~754~~208.4414 0.00 ~~354~~183.8797 A-20 3422,~~347~~041,~~402~~827.7423 6.500000% 128,~~305~~723,~~575~~865.5138 ~~184~~118,~~408~~496.0728 128,~~489~~842,~~983~~361.5766 0.00 ~~1,640~~896.3695 A-21 19,401,000.00 6.500000% 0.00 104,~~162~~299.2027 104,~~162~~299.2027 0.00 ~~926~~789.5548 A-22 4,088,006.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A-23 10,373,962.00 6.500000% 0.00 55,~~696~~770.8515 55,~~696~~770.8515 0.00 ~~495~~422.4415 A-24 48,000,000.00 6.500000% 0.00 ~~257~~258,~~707~~046.6274 ~~257~~258,~~707~~046.6274 0.00 21,~~292~~953.3826 A25 16,405,103.00 7.250000% 0.00 98,~~240~~369.2956 98,~~240~~369.2956 0.00 ~~873~~744.8860 A-PO ~~140~~134,~~142~~508.5281 0.000000% 511,~~633~~700.7257 0.00 511,~~633~~700.7257 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 11,~~539~~525,~~498~~449.4796 6.500000% 14,~~048~~260.5168 61,~~954~~960.5152 76,~~003~~221.0320 0.00 ~~551~~469.1000 B-2 3,~~606~~602,~~754~~363.3337 6.500000% 4,~~390~~457.9628 19,~~364~~366.3321 23,~~755~~823.3049 0.00 ~~172~~146.2559 B-3 1,~~683~~681,~~664~~615.8510 6.500000% 2,~~049~~080.7470 9,~~039~~040.4432 11,~~089~~121.1802 0.00 8068.4143 B-4 1,~~683~~681,~~664~~615.8510 6.500000% 2,~~049~~080.7470 9,~~039~~040.4432 11,~~089~~121.1802 0.00 8068.4143 B-5 ~~962~~961,~~506~~334.2951 6.500000% 1,~~171~~189.7848 5,~~167~~168.6111 6,~~339~~357.3959 0.00 4539.9712 B-6 ~~914~~913,~~514~~401.6429 6.500000% 1,~~113~~130.1817 4,~~909~~910.9542 6,~~023~~040.1359 0.1700 4337.6817 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~244~~209,~~352~~744,~~674~~327.7072 - 3424,~~608~~550,~~346~~409.8173 1,~~311~~126,~~154~~856.7889 3525,~~919~~677,~~501~~266.5962 ~~0.17~~- 118,~~663~~529.1064 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A-1 116,~~140~~056,~~019~~686.2313 ~~874~~453.4732 A-2 0.00 0.00 A-3 1810,~~242~~623,~~322~~405.2985 ~~1,384~~742.4733 A-4 76,~~909~~884,~~058~~567.6276 ~~446~~321.7484 A-5 4,459,000.00 ~~229~~195.3341 A-6 3,776,000.00 ~~194~~165.2148 A-7 2,650,000.00 ~~136~~116.2913 A-8 2,309,000.00 ~~118~~101.7619 A-9 1,823,000.00 9379.7689 A-10 1,551,000.00 7967.7797 A-11 1,245,000.00 6454.0356 A-12 808,000.00 4135.5641 A-13 1,363,000.00 7059.1073 A-14 553,929.00 2824.4927 A-15 2,090,000.00 ~~107~~91.4959 A-16 1,665,000.00 8572.6397 A-17 1,053,000.00 5647.0979 A-18 1,776,000.00 9480.6061 A-19 42,~~520~~457,~~812~~907.2184 ~~354~~183.8797 A-20 2213,~~041~~317,~~827~~961.2386 ~~1,640~~896.3695 A-21 19,401,000.00 ~~926~~789.5548 A-22 4,088,006.00 0.00 A-23 10,373,962.00 ~~495~~422.4415 A-24 48,000,000.00 21,~~292~~953.3826 A25 16,405,103.00 ~~873~~744.8860 A-PO ~~134~~122,~~508~~808.8123 0.00 Residual A-R 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B-1 11,~~525~~511,~~449~~189.9628 ~~551~~469.1000 B-2 3,~~602~~597,~~363~~906.3709 ~~172~~146.2559 B-3 1,~~681~~679,~~615~~534.1041 8068.4143 B-4 1,~~681~~679,~~615~~534.1041 8068.4143 B-5 ~~961~~960,~~334~~145.5103 4539.9712 B-6 ~~913~~912,~~401~~271.2912 4337.6817 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~209~~185,~~744~~193,~~327~~917.7299 118,~~663~~529.1064 --------------------------------------------------------------------------------

Payment Date: 12/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., 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 A-1 1811,~~310~~140,~~388~~019.8623 6.500000% 060506FM9 ~~100~~71.~~802295~~462375 10.~~382014~~841922 ~~156~~85.~~608314~~145940 A-2 0.00 6.500000% 060506FN7 0.000000 0.000000 0.000000 A-3 2818,~~989~~242,~~295~~322.9629 6.500000% 060506FP2 9970.~~361813~~441165 10.~~438987~~906715 ~~168~~98.~~660524~~219359 A-4 97,~~354~~909,~~169~~058.1462 6.500000% 060506FQ0 7251.~~255526~~224543 2.~~511084~~125945 ~~395~~344.~~452931~~228388 A-5 4,459,000.00 7.000000% 060506FR8 0.000000 5.~~781902~~789510 1,000.000000 A-6 3,776,000.00 7.000000% 060506FS6 0.000000 5.~~781902~~789510 1,000.000000 A-7 2,650,000.00 7.000000% 060506FT4 0.000000 5.~~781902~~789510 1,000.000000 A-8 2,309,000.00 7.000000% 060506FU1 0.000000 5.~~781902~~789510 1,000.000000 A-9 1,823,000.00 7.000000% 060506FV9 0.000000 5.~~781902~~789510 1,000.000000 A-10 1,551,000.00 7.000000% 060506FW7 0.000000 5.~~781902~~789510 1,000.000000 A-11 1,245,000.00 7.000000% 060506FX5 0.000000 5.~~781902~~789510 1,000.000000 A-12 808,000.00 7.000000% 060506GS5 0.000000 5.~~781902~~789510 1,000.000000 A-13 1,363,000.00 7.000000% 060506FY3 0.000000 5.~~781902~~789510 1,000.000000 A-14 553,929.00 7.000000% 060506FZ0 0.000000 5.~~781902~~789510 1,000.000000 A-15 2,090,000.00 7.000000% 060506GA4 0.000000 5.~~781902~~789510 1,000.000000 A-16 1,665,000.00 7.000000% 060506GB2 0.000000 5.~~781902~~789510 1,000.000000 A-17 1,053,000.00 7.250000% 060506GC0 0.000000 5.~~988398~~996278 1,000.000000 A-18 1,776,000.00 7.250000% 060506GD8 0.000000 5.~~988398~~996278 1,000.000000 A-19 74,~~430~~520,~~672~~812.0521 6.500000% 060506GE6 ~~209~~148.~~840617~~763566 21.~~876945~~752633 ~~326~~177.~~012275~~248709 A-20 3422,~~347~~041,~~402~~827.7423 6.500000% 060506GF3 9869.~~444604~~790923 10.~~475265~~947970 ~~176~~106.~~334618~~543695 A-21 19,401,000.00 6.500000% 060506GG1 0.000000 5.~~368909~~375974 1,000.000000 A-22 4,088,006.00 0.000000% 060506GH9 0.000000 0.000000 1,000.000000 A-23 10,373,962.00 6.500000% 060506GJ5 0.000000 5.~~368909~~375974 1,000.000000 A-24 48,000,000.00 6.500000% 060506GK2 0.000000 5.~~368909~~375974 1,000.000000 A25 16,405,103.00 7.250000% 060506GL0 0.000000 5.~~988398~~996278 1,000.000000 A-PO ~~140~~134,~~142~~508.5281 0.000000% 060506GM8 2757.~~652464~~430922 0.000000 ~~660~~602.~~221001~~790079 Residual A-R 0.00 6.500000% 060506GN6 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 11,~~539~~525,~~498~~449.4796 6.500000% 060506GP1 1.~~170612~~188291 5.~~162446~~162946 ~~960~~959.~~374132~~185841 B-2 3,~~606~~602,~~754~~363.3337 6.500000% 060506GQ9 1.~~170612~~188291 5.~~162446~~162946 ~~960~~959.~~374132~~185841 B-3 1,~~683~~681,~~664~~615.8510 6.500000% 060506GR7 1.~~170612~~188291 5.~~162446~~162946 ~~960~~959.~~374132~~185841 B-4 1,~~683~~681,~~664~~615.8510 6.500000% 060506FJ6 1.~~170612~~188291 5.~~162446~~162946 ~~960~~959.~~374132~~185841 B-5 ~~962~~961,~~506~~334.2951 6.500000% 060506FK3 1.~~170612~~188291 5.~~162446~~162946 ~~960~~959.~~374132~~185841 B-6 ~~914~~913,~~514~~401.6429 6.500000% 060506FL1 1.~~111965~~128933 4.~~904569~~905044 ~~912~~911.~~401087~~272154 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~244~~209,~~352~~744,~~674~~327.7072 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-7 Trust BANK OF AMERICA, N.A., SERVICER ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 185,193,917.99 185,193,917.99 Loan count 564 564 Avg loan rate 7.087217% 7.09 Prepay amount 24,290,890.02 24,290,890.02 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 50,528.32 50,528.32 Sub servicer fees 0.00 0.00 Trustee fees 611.75 611.75 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 46,027.88 46,027.88 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 5,000,099.29 5,000,099.29 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 90.301037% 100.000000% 189,378,548.39 ----------------------------------------------------------------------------- Junior 9.698963% 0.000000% 20,340,580.33 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 4 1,433,597.92 60 to 89 days 2 468,332.66 90 or more 2 741,066.14 Foreclosure 1 258,170.28 Totals: 9 2,901,167.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 25,677,266.62 25,677,266.62 Principal remittance amount 24,550,409.73 24,550,409.73 Interest remittance amount 1,126,856.89 1,126,856.89

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