8-K 1 boa9912_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 1999-12 Trust) (Exact name of registrant as specified in charter) North Carolina 333-67267-11 13-4094909 (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 1999-12 Trust On January 25, 2003, The Bank of New York, as Trustee for BOA, MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-12 Trust, 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 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 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: 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 1999-12 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 A1 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00 A2 ~~1,475,224~~0.9300 7.500000% ~~1,475,224~~0.9300 ~~9,123~~0.3700 ~~1,484,348~~0.3100 0.00 960.7800 A3 ~~2,542,000~~0.00 7.500000% ~~2,542,000~~0.00 ~~15,720~~0.7300 ~~2,557,720~~0.7300 0.00 ~~166~~0.7700 A4 2955,~~043,000~~899.0071 7.500000% 1955,~~087,100~~899.2971 125,~~634~~930.7276 1961,~~099,735~~830.0047 0.00 ~~134~~43.0361 A5 10,000,000.00 7.500000% 04,218,717.0075 6162,~~843~~043.9476 614,~~843~~280,761.9451 0.00 ~~656~~456.0624 A6 22,500,000.00 7.500000% 0.00 139,~~148~~598.8745 139,~~148~~598.8745 0.00 1,~~476~~026.1355 APO ~~852~~762,~~285~~535.1176 0.000000% 8997,~~749~~962.3559 0.00 8997,~~749~~962.3559 0.00 0.00 Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 5,~~672~~666,~~933~~939.5760 7.500000% 56,~~993~~039.9702 35,~~083~~159.6682 41,~~077~~198.6284 0.00 ~~372~~258.1855 B2 1,~~636~~634,~~628~~899.2500 7.500000% 1,~~729~~742.2524 10,~~121~~143.5553 11,~~850~~885.8077 0.00 ~~107~~74.3759 B3 ~~982~~981,~~170~~133.8611 7.500000% 1,~~037~~045.7555 6,~~074~~087.1332 7,~~111~~132.8887 0.00 ~~64.~~44.76 B4 ~~655~~654,~~426~~734.9544 7.500000% ~~692~~697.5272 4,~~053~~062.4222 4,~~745~~759.94 0.00 4329.0087 B5 ~~437~~436,~~274~~812.7977 7.500000% ~~462~~465.0249 2,~~704~~710.2815 3,~~166~~175.3064 0.00 2819.6993 B6 266,~~639~~357.2653 7.500000% ~~281~~283.7385 1,~~649~~652.0058 1,~~930~~936.7343 0.00 1712.4915 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 4943,~~063~~859,~~583~~311.7393 - 5,~~204~~282,~~271~~853.8093 ~~298~~267,~~157~~388.6759 5,~~502~~550,~~429~~242.4752 - 31,~~162~~966.9526 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 0.00 0.00 A2 0.00 960.7800 A3 0.00 ~~166~~0.7700 A4 ~~955,899~~0.7100 ~~134~~43.0361 A5 105,~~000~~781,~~000~~282.0025 ~~656~~456.0624 A6 22,500,000.00 1,~~476~~026.1355 APO ~~762~~664,~~535~~573.7617 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 5,~~666~~660,~~939~~900.6059 ~~372~~258.1855 B2 1,~~634~~633,~~899~~156.0076 ~~107~~74.3759 B3 ~~981~~980,~~133~~087.1156 ~~64.~~44.76 B4 654,~~734~~036.4471 4329.0087 B5 436,~~812~~347.77 28 19.6993 B6 266,~~357~~073.5369 1712.4915 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 4338,~~859~~576,~~311~~458.9300 31,~~162~~966.9526 --------------------------------------------------------------------------------

Payment Date: 01/25/03 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 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 A1 0.00 7.500000% 060506KM3 0.000000 0.000000 0.000000 A2 ~~1,475,224~~0.9300 7.500000% 060506KN1 ~~477~~0.~~110263~~000000 20.~~950638~~000000 0.000000 A3 ~~2,542,000~~0.00 7.500000% 060506KP6 ~~1,000~~0.000000 60.~~184394~~000000 0.000000 A4 2955,~~043,000~~899.0071 7.500000% 060506KQ4 ~~532~~467.~~109783~~890217 62.~~184394~~902967 ~~467~~0.~~890217~~000000 A5 10,000,000.00 7.500000% 060506KR2 0421.~~000000~~871775 6.~~184394~~204376 ~~1,000~~578.~~000000~~128225 A6 22,500,000.00 7.500000% 060506KS0 0.000000 6.~~184394~~204376 1,000.000000 APO ~~852~~762,~~285~~535.1176 0.000000% 060506KT8 4953.~~125778~~621429 0.000000 ~~417~~363.~~386448~~765019 Residual AR 0.00 7.500000% 060506KU5 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 5,~~672~~666,~~933~~939.5760 7.500000% 060506KV3 1.~~024434~~032134 56.~~996181~~009199 ~~968~~967.~~542062~~509928 B2 1,~~636~~634,~~628~~899.2500 7.500000% 060506KW1 1.~~024434~~032134 56.~~996181~~009199 ~~968~~967.~~542062~~509928 B3 ~~982~~981,~~170~~133.8611 7.500000% 060506KX9 1.~~024434~~032134 56.~~996181~~009199 ~~968~~967.~~542063~~509929 B4 ~~655~~654,~~426~~734.9544 7.500000% 060506KY7 1.~~024434~~032134 56.~~996181~~009199 ~~968~~967.~~542066~~509932 B5 ~~437~~436,~~274~~812.7977 7.500000% 060506KZ4 1.~~024435~~032135 56.~~996185~~009203 ~~968~~967.~~542730~~510595 B6 266,~~639~~357.2653 7.500000% 060506LA8 0.~~625079~~629777 3.~~658691~~666634 590.~~975450~~345672 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 4943,~~063~~859,~~583~~311.7393 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Trust Bank of America, N.A., Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 38,576,458.11 38,576,458.11 Loan count 108 108 Avg loan rate 7.816475% 7.82 Prepay amount 5,236,056.24 5,236,056.24 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 5,064.73 5,064.73 Sub servicer fees 0.00 0.00 Trustee fees 164.47 164.47 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 1,900,340.24 1,900,340.24 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 78.036913% 100.000000% 34,218,435.47 ----------------------------------------------------------------------------- Junior 21.963087% 0.000000% 9,630,602.58 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 8 3,002,189.49 60 to 89 days 1 465,078.16 90 or more 4 1,093,705.56 Foreclosure 0 0.00 Totals: 13 4,560,973.21 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 5,550,242.52 5,550,242.52 Principal remittance amount 5,282,853.93 5,282,853.93 Interest remittance amount 267,388.59 267,388.59

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