8-K 1 boa9907_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 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 January 25, 2003, 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 January 25, 2003 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: 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 ------------------------------------------------------------ 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-1 116,~~140~~056,~~019~~686.2313 6.500000% 5,~~083~~160,~~333~~538.1084 5932,~~888~~362.4581 5,~~143~~192,~~221~~901.5566 0.00 ~~453~~444.3224 A-2 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-3 1810,~~242~~623,~~322~~405.2985 6.500000% 7,~~618~~734,~~916~~632.4466 9856,~~070~~764.2526 7,~~716~~791,~~986~~396.6992 0.00 ~~742~~779.3319 A-4 76,~~909~~884,~~058~~567.6276 6.500000% 1,~~024~~040,~~490~~050.8684 4236,~~518~~786.8945 1,~~067~~076,~~009~~837.7529 0.00 ~~321~~504.8496 A-5 4,459,000.00 7.000000% 0.00 25,~~815~~658.4362 25,~~815~~658.4362 0.00 ~~195~~352.4121 A-6 3,776,000.00 7.000000% 0.00 21,~~861~~728.1941 21,~~861~~728.1941 0.00 ~~165~~298.4826 A-7 2,650,000.00 7.000000% 0.00 15,~~342~~249.2001 15,~~342~~249.2001 0.00 ~~116~~209.1332 A-8 2,309,000.00 7.000000% 0.00 13,~~367~~286.9878 13,~~367~~286.9878 0.00 ~~101~~182.1938 A-9 1,823,000.00 7.000000% 0.00 10,~~554~~490.2817 10,~~554~~490.2817 0.00 79144.8900 A-10 1,551,000.00 7.000000% 0.00 8,~~979~~924.5399 8,~~979~~924.5399 0.00 67122.9751 A-11 1,245,000.00 7.000000% 0.00 7,~~207~~164.9416 7,~~207~~164.9416 0.00 5498.5634 A-12 808,000.00 7.000000% 0.00 4,~~677~~649.9251 4,~~677~~649.9251 0.00 3563.4182 A-13 1,363,000.00 7.000000% 0.00 7,~~891~~843.1017 7,~~891~~843.1017 0.00 59107.7366 A-14 553,929.00 7.000000% 0.00 3,~~206~~187.9850 3,~~206~~187.9850 0.00 2443.2775 A-15 2,090,000.00 7.000000% 0.00 12,~~100~~026.0858 12,~~100~~026.0858 0.00 91165.5909 A-16 1,665,000.00 7.000000% 0.00 9,~~639~~580.5398 9,~~639~~580.5398 0.00 72131.9752 A-17 1,053,000.00 7.250000% 0.00 6,~~314~~275.0873 6,~~314~~275.0873 0.00 4786.7915 A-18 1,776,000.00 7.250000% 0.00 10,~~649~~584.3971 10,~~649~~584.3971 0.00 80145.6129 A-19 42,~~520~~457,~~812~~907.2184 6.500000% 2,~~062~~094,~~904~~235.3779 2413,~~303~~133.7739 2,~~087~~107,~~208~~369.1418 0.00 ~~183~~180.9728 A-20 2213,~~041~~317,~~827~~961.2386 6.500000% 8,~~723~~856,~~865~~363.3858 ~~118~~71,~~496~~162.2813 8,~~842~~927,~~361~~525.6671 0.00 ~~896~~976.9583 A-21 19,401,000.00 6.500000% 0.00 ~~104~~103,~~299~~665.2775 ~~104~~103,~~299~~665.2775 0.00 ~~789~~1,423.4800 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,~~770~~431.1540 55,~~770~~431.1540 0.00 ~~422~~760.1590 A-24 48,000,000.00 6.500000% 0.00 ~~258~~256,~~046~~479.7436 ~~258~~256,~~046~~479.7436 0.00 13,~~953~~520.2664 A25 16,405,103.00 7.250000% 0.00 9897,~~369~~772.5607 9897,~~369~~772.5607 0.00 ~~744~~1,342.6010 A-PO ~~134~~122,~~508~~808.8123 0.000000% ~~11,700~~735.5703 0.00 ~~11,700~~735.5703 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,~~525~~511,~~449~~189.9628 6.500000% 14,~~260~~563.6869 61,~~960~~507.5297 76,~~221~~071.2066 0.00 ~~469~~844.0031 B-2 3,~~602~~597,~~363~~906.3709 6.500000% 4,~~457~~551.2899 19,~~366~~224.2176 23,~~823~~776.4975 0.00 ~~146~~263.5989 B-3 1,~~681~~679,~~615~~534.1041 6.500000% 2,~~080~~124.7091 98,~~040~~974.3229 11,~~121~~099.0220 0.00 68123.4319 B-4 1,~~681~~679,~~615~~534.1041 6.500000% 2,~~080~~124.7091 98,~~040~~974.3229 11,~~121~~099.0220 0.00 68123.4319 B-5 ~~961~~960,~~334~~145.5103 6.500000% 1,~~189~~214.4875 5,~~168~~130.1136 6,~~357~~345.5912 0.00 3970.1242 B-6 ~~913~~912,~~401~~271.2912 6.500000% 1,~~130~~154.1714 4,~~910~~874.4256 6,~~040~~028.5970 0.0004 3766.1791 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~209~~185,~~744~~193,~~327~~917.7299 - 24,~~550~~912,~~409~~291.7315 1988,~~126,856~~894.8917 25,~~677~~901,~~266~~185.6232 -0.04 813,~~529~~574.6434 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A-1 6896,~~056,686~~147.1329 ~~453~~444.3224 A-2 0.00 0.00 A-3 102,~~623~~888,~~405~~773.8518 ~~742~~779.3319 A-4 65,~~884~~844,~~567~~516.7692 ~~321~~504.8496 A-5 4,459,000.00 ~~195~~352.4121 A-6 3,776,000.00 ~~165~~298.4826 A-7 2,650,000.00 ~~116~~209.1332 A-8 2,309,000.00 ~~101~~182.1938 A-9 1,823,000.00 79144.8900 A-10 1,551,000.00 67122.9751 A-11 1,245,000.00 5498.5634 A-12 808,000.00 3563.4182 A-13 1,363,000.00 59107.7366 A-14 553,929.00 2443.2775 A-15 2,090,000.00 91165.5909 A-16 1,665,000.00 72131.9752 A-17 1,053,000.00 4786.7915 A-18 1,776,000.00 80145.6129 A-19 2363,~~457,907~~672.8405 ~~183~~180.9728 A-20 134,~~317~~461,~~961~~598.8628 ~~896~~976.9583 A-21 19,401,000.00 ~~789~~1,423.4800 A-22 4,088,006.00 0.00 A-23 10,373,962.00 ~~422~~760.1590 A-24 48,000,000.00 13,~~953~~520.2664 A25 16,405,103.00 ~~744~~1,342.6010 A-PO 122,~~808~~073.2320 0.00 Residual A-R 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B-1 11,~~511~~496,~~189~~625.2858 ~~469~~844.0031 B-2 3,~~597~~593,~~906~~354.0910 ~~146~~263.5989 B-3 1,~~679~~677,~~534~~409.4150 68123.4319 B-4 1,~~679~~677,~~534~~409.4150 68123.4319 B-5 ~~960~~958,~~145~~930.0327 3970.1242 B-6 ~~912~~911,~~271~~116.1293 3766.1791 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~185~~160,~~193~~281,~~917~~626.9980 813,~~529~~574.6434 --------------------------------------------------------------------------------

Payment Date: 01/25/03 ------------------------------------------------------------ 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-1 116,~~140~~056,~~019~~686.2313 6.500000% 060506FM9 7172.~~462375~~547746 0.~~841922~~454962 8512.~~145940~~598193 A-2 0.00 6.500000% 060506FN7 0.000000 0.000000 0.000000 A-3 1810,~~242~~623,~~322~~405.2985 6.500000% 060506FP2 7071.~~441165~~511027 0.~~906715~~524817 9826.~~219359~~708332 A-4 76,~~909~~884,~~058~~567.6276 6.500000% 060506FQ0 5152.~~224543~~002542 21.~~125945~~839322 ~~344~~292.~~228388~~225846 A-5 4,459,000.00 7.000000% 060506FR8 0.000000 5.~~789510~~754345 1,000.000000 A-6 3,776,000.00 7.000000% 060506FS6 0.000000 5.~~789510~~754345 1,000.000000 A-7 2,650,000.00 7.000000% 060506FT4 0.000000 5.~~789510~~754345 1,000.000000 A-8 2,309,000.00 7.000000% 060506FU1 0.000000 5.~~789510~~754345 1,000.000000 A-9 1,823,000.00 7.000000% 060506FV9 0.000000 5.~~789510~~754345 1,000.000000 A-10 1,551,000.00 7.000000% 060506FW7 0.000000 5.~~789510~~754345 1,000.000000 A-11 1,245,000.00 7.000000% 060506FX5 0.000000 5.~~789510~~754345 1,000.000000 A-12 808,000.00 7.000000% 060506GS5 0.000000 5.~~789510~~754345 1,000.000000 A-13 1,363,000.00 7.000000% 060506FY3 0.000000 5.~~789510~~754345 1,000.000000 A-14 553,929.00 7.000000% 060506FZ0 0.000000 5.~~789510~~754345 1,000.000000 A-15 2,090,000.00 7.000000% 060506GA4 0.000000 5.~~789510~~754345 1,000.000000 A-16 1,665,000.00 7.000000% 060506GB2 0.000000 5.~~789510~~754345 1,000.000000 A-17 1,053,000.00 7.250000% 060506GC0 0.000000 5.~~996278~~959857 1,000.000000 A-18 1,776,000.00 7.250000% 060506GD8 0.000000 5.~~996278~~959857 1,000.000000 A-19 42,~~520~~457,~~812~~907.2184 6.500000% 060506GE6 ~~148~~151.~~763566~~022989 10.~~752633~~947097 ~~177~~26.~~248709~~225719 A-20 2213,~~041~~317,~~827~~961.2386 6.500000% 060506GF3 6970.~~790923~~850909 0.~~947970~~569297 ~~106~~35.~~543695~~692786 A-21 19,401,000.00 6.500000% 060506GG1 0.000000 5.~~375974~~343320 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.~~375974~~343320 1,000.000000 A-24 48,000,000.00 6.500000% 060506GK2 0.000000 5.~~375974~~343320 1,000.000000 A25 16,405,103.00 7.250000% 060506GL0 0.000000 5.~~996278~~959857 1,000.000000 A-PO ~~134~~122,~~508~~808.8123 0.000000% 060506GM8 573.~~430922~~607816 0.000000 ~~602~~599.~~790079~~182263 Residual A-R 0.00 6.500000% 060506GN6 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 11,~~525~~511,~~449~~189.9628 6.500000% 060506GP1 1.~~188291~~213540 5.~~162946~~125237 ~~959~~957.~~185841~~972301 B-2 3,~~602~~597,~~363~~906.3709 6.500000% 060506GQ9 1.~~188291~~213540 5.~~162946~~125237 ~~959~~957.~~185841~~972301 B-3 1,~~681~~679,~~615~~534.1041 6.500000% 060506GR7 1.~~188291~~213540 5.~~162946~~125237 ~~959~~957.~~185841~~972301 B-4 1,~~681~~679,~~615~~534.1041 6.500000% 060506FJ6 1.~~188291~~213540 5.~~162946~~125237 ~~959~~957.~~185841~~972301 B-5 ~~961~~960,~~334~~145.5103 6.500000% 060506FK3 1.~~188291~~213540 5.~~162946~~125237 ~~959~~957.~~185841~~972301 B-6 ~~913~~912,~~401~~271.2912 6.500000% 060506FL1 1.~~128933~~152881 4.~~905044~~869219 ~~911~~910.~~272154~~119234 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~209~~185,~~744~~193,~~327~~917.7299 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ 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 160,281,626.80 160,281,626.80 Loan count 494 494 Avg loan rate 7.086517% 7.09 Prepay amount 24,677,991.97 24,677,991.97 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 38,484.82 38,484.82 Sub servicer fees 0.00 0.00 Trustee fees 540.15 540.15 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 89.028976% 100.000000% 164,853,337.66 ----------------------------------------------------------------------------- Junior 10.971024% 0.000000% 20,314,845.89 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 1,427,178.01 60 to 89 days 1 158,792.43 90 or more 4 1,252,519.55 Foreclosure 0 0.00 Totals: 10 2,838,489.99 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 25,901,185.32 25,901,185.32 Principal remittance amount 24,912,291.15 24,912,291.15 Interest remittance amount 988,894.17 988,894.17

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