8-K 1 boa9805_8k0301.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): January 25, 2003 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 January 25, 2003, 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 January 25, 2003 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: January 25, 2003 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 January 25, 2003 Payment Date: 01/25/03 ------------------------------------------------------------ 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% 0253,267.0010 14,062.50 14267,~~062~~329.5060 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-5 149,~~343~~212,~~111~~380.1811 6.750000% 53,~~130~~766,~~731~~505.0771 8051,~~680~~819.0064 53,~~211~~818,~~411~~325.0735 0.00 0.00 IA-6 19,926,842.00 7.200000% 0926,020.0081 119,561.05 ~~119~~1,~~561~~045,581.0587 0.00 0.00 IA-7 1,328,457.00 0.000000% 061,734.0076 0.00 061,734.0076 0.00 0.00 IA-8 209,~~699~~117,~~877~~226.2555 6.750000% 117,~~582~~261,~~650~~882.7156 ~~116~~51,~~436~~284.8140 117,~~699~~313,~~087~~166.5196 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 21,~~359~~969,~~813~~959.9775 6.750000% 0.00 1311,~~273~~081.9502 1311,~~273~~081.9502 0.00 0.00 I-X-2 174,~~799~~501.8721 6.750000% 0.00 ~~983~~981.2557 ~~983~~981.2557 0.00 0.00 I-PO ~~166~~165,~~148~~876.0532 0.000000% ~~271~~24,872.7312 0.00 ~~271~~24,872.7312 0.00 0.00 Residual R-I 0.00 6.750000% 0.00 0.0300 0.0300 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate IM 7,~~221~~211,~~219~~995.6455 6.750000% 9,~~224~~428.0918 40,~~619~~567.3647 49,~~843~~995.4565 0.00 0.00 IB-1 3,~~230~~226,~~545~~419.6508 6.750000% 4,~~126~~217.5787 18,~~171~~148.8261 22,~~298~~366.3948 0.00 0.00 IB-2 1,~~520~~518,~~256~~314.6675 6.750000% 1,~~941~~984.9188 8,~~551~~540.4452 10,~~493~~525.3640 0.00 0.00 IB-3 1,~~331~~329,~~646~~945.0405 6.750000% 1,~~700~~738.9963 7,~~490~~480.5194 9,~~191~~219.5057 0.00 0.00 IB-4 ~~952~~950,~~205~~989.7140 6.750000% 1,~~216~~243.3122 5,~~356~~349.1632 6,~~572~~592.4754 0.00 0.00 IB-5 ~~946~~945,~~695~~486.5023 6.750000% 1,~~209~~236.2703 5,~~325~~318.1636 6,~~534~~554.4339 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~119~~103,~~966~~233,~~521~~449.6803 - 1612,~~733~~314,~~072~~131.6585 ~~688~~591,~~134~~817.3268 1712,~~421~~905,~~206~~949.9753 - - ---------------------------------------------------------------------------------------------------------------------------------- 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~~246,~~000~~732.0090 0.00 IA-4 38,062,479.00 0.00 IA-5 95,~~212~~445,~~380~~874.1139 0.00 IA-6 19,~~926~~000,~~842~~821.0019 0.00 IA-7 1,~~328~~266,~~457~~722.0024 0.00 IA-8 91,~~117~~855,~~226~~343.5599 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 1,~~969~~715,~~959~~091.7518 0.00 I-X-2 174,~~501~~255.2118 0.00 I-PO ~~165~~141,~~876~~004.3220 0.00 Residual R-I 0.00 0.00 -------------------------------------------------------------------------------- Subordinate IM 7,~~211~~202,~~995~~567.5537 0.00 IB-1 3,~~226~~222,~~419~~201.0821 0.00 IB-2 1,~~518~~516,~~314~~329.7587 0.00 IB-3 1,~~329~~328,~~945~~206.0542 0.00 IB-4 ~~950~~949,~~989~~746.4018 0.00 IB-5 ~~945~~944,~~486~~250.2320 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~103~~90,~~233~~919,~~449~~317.0318 - --------------------------------------------------------------------------------

Payment Date: 01/25/03 ------------------------------------------------------------ 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 0101.~~000000~~306839 5.625000 ~~1,000~~898.~~000000~~693161 IA-4 38,062,479.00 6.750000% 055240JT3 0.000000 5.625000 1,000.000000 IA-5 149,~~343~~212,~~111~~380.1811 6.750000% 055240JU0 5137.~~403007~~735308 0.~~808305~~519163 9254.~~295626~~560318 IA-6 19,926,842.00 7.200000% 055240JV8 046.~~000000~~471027 6.000000 ~~1,000~~953.~~000000~~528973 IA-7 1,328,457.00 0.000000% 055240JW6 046.~~000000~~471027 0.000000 ~~1,000~~953.~~000000~~528973 IA-8 209,~~699~~117,~~877~~226.2555 6.750000% 055240JX4 ~~263~~164.~~066799~~932903 21.~~644529~~164779 ~~207~~42.~~071737~~138835 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 21,~~359~~969,~~813~~959.9775 6.750000% 055240KC8 0.000000 1.~~557825~~300464 ~~231~~201.~~193627~~282363 I-X-2 174,~~799~~501.8721 6.750000% 055240KD6 0.000000 0.~~882561~~881053 156.~~631585~~410751 I-PO ~~166~~165,~~148~~876.0532 0.000000% 055240KM6 193.~~021346~~486268 0.000000 ~~623~~529.~~475646~~989379 Residual R-I 0.00 6.750000% 055240KH7 0.000000 0.~~501401~~040512 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate IM 7,~~221~~211,~~219~~995.6455 6.750000% 055240KE4 1.~~215959~~242863 5.~~354619~~347779 ~~950~~949.~~716241~~473378 IB-1 3,~~230~~226,~~545~~419.6508 6.750000% 055240KF1 1.~~215959~~242863 5.~~354619~~347779 ~~950~~949.~~716240~~473377 IB-2 1,~~520~~518,~~256~~314.6675 6.750000% 055240KG9 1.~~215959~~242863 5.~~354619~~347779 ~~950~~949.~~716238~~473375 IB-3 1,~~331~~329,~~646~~945.0405 6.750000% 055240KJ3 1.~~217259~~244191 5.~~360341~~353494 ~~951~~950.~~732330~~488139 IB-4 ~~952~~950,~~205~~989.7140 6.750000% 055240KK0 1.~~218578~~245539 5.~~366149~~359294 ~~952~~951.~~763448~~517909 IB-5 ~~946~~945,~~695~~486.5023 6.750000% 055240KL8 1.~~211524~~238329 5.~~335085~~328271 ~~947~~946.~~248109~~009780 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~119~~103,~~966~~233,~~521~~449.6803 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 6,356,194.65 83,559,420.92 1,003,701.61 Loan count 19 278 2 Avg loan rate 6.843919% 7.374074% 8.171853% Prepay amount 808,101.21 11,371,077.98 0.00 Total ----- Prin balance 90,919,317.18 Loan count 299 Avg loan rate 7.35 Prepay amount 12,179,179.19 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 0.00 7,281.38 205.64 Sub servicer fees 0.00 0.00 0.00 Trustee fees 26.90 356.46 3.77 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 7,487.02 Sub servicer fees 0.00 Trustee fees 387.13 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 1,485,909.14 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 1,485,909.14 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 85.308815% 100.000000% 88,050,298.97 ----------------------------------------------------------------------------- Junior 14.691185% 0.000000% 15,163,301.26 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 1,579,414.89 60 to 89 days 3 786,473.60 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 8 2,365,888.49 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 12,905,949.53 12,905,949.53 Principal remittance amount 12,314,131.85 12,314,131.85 Interest remittance amount 591,817.68 591,817.68

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