8-K 1 boa9803_8k0304.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): April 25, 2003 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-3 Trust) (Exact name of registrant as specified in charter) North Carolina 333-53933-01 13-4048095/Man (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 North Tryon St., Charlotte, NC 28255 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 704-387-2111 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 1998-3 Trust On April 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1998-3 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, 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 1998-3 Trust relating to the distribution date of April 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 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: April 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 April 25, 2003 Payment Date: 04/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-3 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 1A1 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 1A2 0.00 6.650000% 0.00 0.00 0.00 0.00 0.00 1A3 ~~14,708,345~~0.6400 6.500000% ~~6,369,723~~0.7700 ~~79,670~~0.2100 ~~6,449,393~~0.9700 0.00 0.00 1A4 ~~325,684~~0.7900 7.000000% 0.00 ~~1,899~~0.8300 ~~1,899~~0.8300 0.00 0.00 1A5 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 1A6 1,~~909~~131,~~322~~392.7023 86.~~321787~~593911% ~~247~~177,~~610~~854.9783 136,~~240~~216.8192 ~~260~~184,~~851~~071.7875 0.00 0.00 1A7 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 1A8 3327,~~200~~743,~~000~~672.0019 7.000000% 04,457,286.0097 ~~193~~161,~~666~~838.6709 ~~193~~4,~~666~~619,125.6706 0.00 0.00 1A9 1,~~800~~504,~~893~~921.0024 7.000000% 0241,780.0003 108,~~505~~778.2171 10250,~~505~~558.2173 0.00 0.00 2A1 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 2A2 92,~~222~~849,~~671~~267.1109 6.500000% 31,~~168~~600,~~778~~150.8342 4915,~~956~~433.1453 31,~~218~~615,~~734~~583.9695 0.00 0.00 2A3 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 2A4 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 2A5 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 2A6 18,~~776~~399,~~130~~852.2193 6.500000% ~~122~~129,~~114~~646.5387 ~~101~~99,~~704~~665.0487 ~~223~~229,~~818~~312.5774 0.00 0.00 1X1 0.00 0.~~049581~~049921% 0.00 0.00 0.00 0.00 0.00 1X2 0.00 0.~~049581~~049921% 0.00 0.00 0.00 0.00 0.00 1X3 5437,~~529~~360,~~923~~414.1311 0.~~049581~~049921% 0.00 21,~~253~~554.0423 21,~~253~~554.0423 0.00 0.00 1X4 0.00 0.~~049581~~049921% 0.00 0.00 0.00 0.00 0.00 2X ~~400~~342,~~722~~987.6773 6.500000% 0.00 21,~~170~~857.5885 21,~~170~~857.5885 0.00 0.00 2PO ~~121~~90,~~758~~051.3250 0.000000% 4,~~547~~840.4927 0.00 4,~~547~~840.4927 0.00 0.00 Residual R1 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 R2 0.00 6.500000% 0.00 0.0002 0.0002 0.00 0.00 R3 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 SEG 0.36 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate 1M 5,~~593~~570,~~319~~929.1997 6.750000% 7,~~373~~606.9996 31,~~462~~336.4248 38,~~836~~943.4144 0.00 0.00 1B1 2,~~570~~559,~~107~~820.9318 6.750000% 3,~~388~~495.3237 14,~~456~~398.8699 17,~~845~~894.1836 0.00 0.00 1B2 1,~~360~~354,~~255~~810.8898 6.750000% 1,~~793~~849.3096 7,~~651~~620.4481 9,~~444~~470.7477 0.00 0.00 1B3 1,~~058~~054,~~502~~265.3229 6.750000% 1,~~395~~439.4857 5,~~954~~930.0824 7,~~349~~369.5681 0.00 0.00 1B4 ~~755~~752,~~802~~777.8245 6.750000% ~~996~~1,027.4290 4,~~251~~234.3937 5,~~247~~262.8127 0.00 0.00 1B5 ~~756~~753,~~489~~461.2730 6.750000% ~~997~~1,028.2580 4,~~255~~238.2522 5,~~252~~267.5102 0.00 0.00 2M ~~725~~711,~~583~~042.4057 6.500000% 45,~~718~~010.9906 3,~~930~~851.2448 8,~~649~~861.2354 0.00 0.00 2B1 ~~338~~332,~~970~~177.0705 6.500000% 2,~~204~~340.5655 1,~~836~~799.0929 4,~~040~~139.6584 0.00 0.00 2B2 ~~241~~236,~~340~~503.4493 6.500000% 1,~~569~~666.6143 1,~~307~~281.2606 2,~~876~~947.8749 0.00 0.00 2B3 ~~290~~284,~~545~~723.7718 6.500000% 12,~~889~~006.6318 1,~~573~~542.7925 3,~~463~~548.4243 0.00 0.00 2B4 ~~145~~142,~~272~~361.8959 6.500000% ~~944~~1,003.8109 ~~786~~771.8913 1,~~731~~774.7122 0.00 0.00 2B5 ~~193~~189,~~455~~579.9207 6.500000% 1,~~258~~335.1879 1,~~047~~026.89 2,~~306~~362.0768 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 9365,~~768~~661,~~766~~609.8974 - 96,~~941~~641,~~306~~370.1406 ~~533~~373,~~580~~376.1242 107,~~474~~014,~~886~~746.2648 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 0.00 0.00 1A2 0.00 0.00 1A3 ~~8,338,621~~0.8700 0.00 1A4 ~~184,640~~0.9100 0.00 1A5 0.00 0.00 1A6 1953,~~661,711~~537.7340 0.00 1A7 0.00 0.00 1A8 3323,~~200~~286,~~000~~385.0022 0.00 1A9 1,~~800~~263,~~893~~141.0021 0.00 2A1 0.00 0.00 2A2 61,~~053~~249,~~892~~116.2867 0.00 2A3 0.00 0.00 2A4 0.00 0.00 2A5 0.00 0.00 2A6 18,~~654~~270,~~015~~206.6806 0.00 1X1 0.00 0.00 1X2 0.00 0.00 1X3 5033,~~098~~159,~~840~~983.5191 0.00 1X4 0.00 0.00 2X ~~385~~289,~~104~~114.4352 0.00 2PO ~~117~~85,~~210~~211.8323 0.00 Residual R1 0.00 0.00 R2 0.00 0.00 R3 0.00 0.00 SEG 0.36 0.00 -------------------------------------------------------------------------------- Subordinate 1M 5,~~585~~563,~~945~~323.1901 0.00 1B1 2,~~566~~556,~~719~~324.6181 0.00 1B2 1,~~358~~352,~~462~~961.5802 0.00 1B3 1,~~057~~052,~~106~~825.8372 0.00 1B4 ~~754~~751,~~806~~749.4055 0.00 1B5 ~~755~~752,~~492~~432.0250 0.00 2M ~~720~~706,~~864~~032.4150 0.00 2B1 ~~336~~329,~~765~~836.5150 0.00 2B2 ~~239~~234,~~770~~837.8351 0.00 2B3 ~~288~~282,~~656~~717.1500 0.00 2B4 ~~144~~141,~~328~~358.0750 0.00 2B5 ~~192~~188,~~197~~243.7428 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 8359,~~827~~020,~~460~~239.7568 - --------------------------------------------------------------------------------

Payment Date: 04/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-3 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 1A1 0.00 6.500000% 055240FD2 0.000000 0.000000 0.000000 1A2 0.00 6.650000% 055240FE0 0.000000 0.000000 0.000000 1A3 ~~14,708,345~~0.6400 6.500000% 055240FF7 ~~200~~0.~~469685~~000000 20.~~507402~~000000 ~~262~~0.~~435383~~000000 1A4 ~~325,684~~0.7900 7.000000% 055240FG5 0.000000 0.~~993989~~000000 960.~~604070~~000000 1A5 0.00 6.750000% 055240FH3 0.000000 0.000000 0.000000 1A6 1,~~909~~131,~~322~~392.7023 86.~~321787~~593911% 055240GJ8 54.~~590340~~015448 0.~~298939~~140360 3721.~~516645~~528117 1A7 0.00 7.000000% 055240FJ9 0.000000 0.000000 0.000000 1A8 3327,~~200~~743,~~000~~672.0019 7.000000% 055240FK6 0134.~~000000~~255632 54.~~833333~~874641 ~~1,000~~701.~~000000~~397145 1A9 1,~~800~~504,~~893~~921.0024 7.000000% 055240FL4 0134.~~000000~~255632 54.~~833333~~874641 ~~1,000~~701.~~000000~~397145 2A1 0.00 6.500000% 055240FX8 0.000000 0.000000 0.000000 2A2 92,~~222~~849,~~671~~267.1109 6.500000% 055240FY6 ~~131~~66.~~435515~~371497 20.~~072095~~640156 ~~251~~51.~~105076~~811219 2A3 0.00 6.500000% 055240FZ3 0.000000 0.000000 0.000000 2A4 0.00 6.500000% 055240GA7 0.000000 0.000000 0.000000 2A5 0.00 6.500000% 055240GB5 0.000000 0.000000 0.000000 2A6 18,~~776~~399,~~130~~852.2193 6.500000% 055240GC3 5.~~079639~~392965 4.~~230617~~145835 ~~775~~759.~~957391~~991933 1X1 0.00 0.~~049581~~049921% 055240FT7 0.000000 0.000000 0.000000 1X2 0.00 0.~~049581~~049921% 055240FU4 0.000000 0.000000 0.000000 1X3 5437,~~529~~360,~~923~~414.1311 0.~~049581~~049921% 055240FV2 0.000000 0.~~039640~~027345 ~~881~~583.~~432149~~412223 1X4 0.00 0.~~049581~~049921% 055240FW0 0.000000 0.000000 0.000000 2X ~~400~~342,~~722~~987.6773 6.500000% 055240GH2 0.000000 1.~~210308~~035930 ~~214~~161.~~732791~~209177 2PO ~~121~~90,~~758~~051.3250 0.000000% 055240GD1 1415.~~451920~~382382 0.000000 ~~372~~270.~~495907~~801194 Residual R1 0.00 6.750000% 055240FM2 0.000000 0.000000 0.000000 R2 0.00 6.500000% 055240FN0 0.000000 0.~~000000~~384768 0.000000 R3 0.00 6.750000% 055240FP5 0.000000 0.000000 0.000000 SEG 0.36 0.000000% 0.000000 0.000000 0.000002 ------------------------------------------------------------------------------------------------------------------------ Subordinate 1M 5,~~593~~570,~~319~~929.1997 6.750000% 055240FQ3 1.~~247082~~286481 5.~~320890~~299591 ~~944~~940.~~688854~~863015 1B1 2,~~570~~559,~~107~~820.9318 6.750000% 055240FR1 1.~~247082~~286481 5.~~320890~~299591 ~~944~~940.~~688853~~863014 1B2 1,~~360~~354,~~255~~810.8898 6.750000% 055240FS9 1.~~247082~~286481 5.~~320890~~299591 ~~944~~940.~~688858~~863020 1B3 1,~~058~~054,~~502~~265.3229 6.750000% 055240GK5 1.~~247082~~286481 5.~~320890~~299591 ~~944~~940.~~688859~~863020 1B4 ~~755~~752,~~802~~777.8245 6.750000% 055240GM1 1.~~247082~~286481 5.~~320890~~299591 ~~944~~940.~~688861~~863022 1B5 ~~756~~753,~~489~~461.2730 6.750000% 055240GP4 1.~~246999~~286447 5.~~320910~~299613 ~~944~~940.~~692631~~866905 2M ~~725~~711,~~583~~042.4057 6.500000% 055240GE9 5.~~079639~~392964 4.~~230617~~145835 ~~775~~759.~~957389~~991931 2B1 ~~338~~332,~~970~~177.0705 6.500000% 055240GF6 5.~~079639~~392965 4.~~230617~~145835 ~~775~~759.~~957391~~991933 2B2 ~~241~~236,~~340~~503.4493 6.500000% 055240GG4 5.~~079639~~392964 4.~~230617~~145835 ~~775~~759.~~957389~~991931 2B3 ~~290~~284,~~545~~723.7718 6.500000% 055240GR0 5.~~079639~~392964 4.~~230617~~145835 ~~775~~759.~~957385~~991927 2B4 ~~145~~142,~~272~~361.8959 6.500000% 055240GT6 5.~~079639~~392964 4.~~230617~~145835 ~~775~~759.~~957385~~991927 2B5 ~~193~~189,~~455~~579.9207 6.500000% 055240GV1 5.~~079644~~392977 4.~~230626~~145844 ~~775~~759.~~959007~~993673 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 9365,~~768~~661,~~766~~609.8974 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-3 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 37,532,676.87 21,487,558.84 59,020,235.71 Loan count 122 88 210 Avg loan rate 7.359772% 6.996973% 7.23 Prepay amount 4,835,421.72 1,584,393.12 6,419,814.84 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 2,895.90 3,097.68 5,993.58 Sub servicer fees 0.00 0.00 0.00 Trustee fees 159.10 87.13 246.23 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 212,130.24 116,177.79 328,308.03 Special Hazard 1,261,332.78 1,009,071.18 2,270,403.96 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 78.801980% 100.000000% 51,719,157.17 ----------------------------------------------------------------------------- Junior 21.198020% 0.000000% 13,912,641.90 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 1 253,409.99 60 to 89 days 0 0.00 90 or more 1 239,867.88 Foreclosure 0 0.00 Totals: 2 493,277.87 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 7,014,746.48 7,014,746.48 Principal remittance amount 6,641,370.06 6,641,370.06 Interest remittance amount 373,376.42 373,376.42

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