8-K 1 boa9901_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 1999-1 Trust) (Exact name of registrant as specified in charter) North Carolina 033-63714-81 13-4048321/Man (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 N. 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 1999-1 Trust On April 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1999-1 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of February 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 1999-1 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 February 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: 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 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-1 Trust BANK OF AMERICA, FSB, 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 ~~24,392,274~~0.4800 6.500000% ~~14,326,775~~0.7600 ~~127,682~~0.5100 ~~14,454,458~~0.2700 0.00 ~~4,442~~0.3100 A-2 ~~9,748,791~~0.1700 6.000000% ~~5,721,198~~0.7800 ~~47,105~~0.0800 ~~5,768,303~~0.8600 0.00 ~~1,638~~0.8700 A-3 2711,~~357~~531,~~346~~944.5303 6.500000% 73,~~328~~353,~~514~~378.6222 ~~143~~62,~~203~~464.3270 73,~~471~~415,~~717~~842.9492 0.00 ~~4,982~~0.3100 A-4 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00 A-5 72,~~120~~162,~~324~~873.4652 6.250000% 1,~~997~~559,~~176~~569.8507 3511,~~838~~264.1597 21,~~033~~570,~~015~~834.0004 0.00 ~~1,246~~0.8800 A-6 52,~~339~~250,~~308~~679.9725 1.~~920000~~805000% 1654,~~430,299~~475.6884 83,~~255~~385.6640 1657,~~438,555~~861.3424 0.00 ~~287~~0.2300 A-7 52,~~339~~250,~~308~~679.9725 6.~~580000~~695000% 0.00 2812,~~292~~556.8591 2812,~~292~~556.8591 0.00 ~~984~~0.3600 A-8 75,~~068~~477,~~000~~647.0057 6.500000% 01,592,847.0014 3629,~~997~~670.7859 361,~~997~~622,517.7873 0.00 ~~1,287~~0.2200 A-9 3,556,666.00 6.400000% 0.00 18,~~331~~968.1189 18,~~331~~968.1189 0.00 ~~637~~0.7700 A-10 17,755,000.00 6.500000% 0.00 9296,~~939~~172.38 92 96,~~939~~172.3892 0.00 ~~3,233~~0.5300 A-11 42,~~843~~231,~~000~~013.0099 6.500000% 02,231,013.0099 2512,~~350~~084.9166 252,~~350~~243,098.9165 0.00 ~~882~~0.00 A-12 2,183,000.00 6.500000% 0385,069.0031 11,~~427~~824.0258 11396,~~427~~893.0290 0.00 ~~397~~0.5700 A-13 1,136,000.00 6.500000% 0.00 56,~~946~~153.4533 56,~~946~~153.4533 0.00 ~~206~~0.8900 A-14 1,578,000.00 6.500000% 0.00 8,~~260~~547.1250 8,~~260~~547.1250 0.00 ~~287~~0.3800 A-15 1,868,444.00 6.500000% 0.00 910,~~780~~120.4674 910,~~780~~120.4674 0.00 ~~340~~0.2800 A-16 2,000,000.00 6.500000% 0.00 10,~~469~~833.0933 10,~~469~~833.0933 0.00 ~~364~~0.2400 A-17 1,000,000.00 6.500000% 0.00 5,~~234~~416.5567 5,~~234~~416.5567 0.00 ~~182~~0.1200 A-18 1,625,000.00 2.~~420000~~305000% 0.00 3,~~166~~121.9035 3,~~166~~121.9035 0.00 ~~110~~0.1800 A-19 375,000.00 24.~~180000~~678333% 0.00 7,~~302~~711.1998 7,~~302~~711.1998 0.00 ~~254~~0.0600 A-20 145,~~796~~980,~~617~~908.4086 6.400000% 32,~~551~~773,~~474~~434.1288 7631,~~262~~898.0018 32,~~627~~805,~~736~~333.1206 0.00 ~~2,653~~0.3000 A-21 84,~~831~~589,~~412~~506.4207 7.000000% 1,~~708~~334,~~840~~584.2015 4926,~~784~~772.4812 1,~~758~~361,~~624~~356.6827 0.00 ~~1,732~~0.0900 A-22 119,~~608~~002,~~445~~717.0012 6.000000% 02,617,903.0040 5645,~~090~~013.7359 562,~~090~~662,916.7399 0.00 ~~1,951~~0.5000 A-23 3,200,334.00 6.250000% 0.00 16,~~107~~668.9841 16,~~107~~668.9841 0.00 ~~560~~0.4300 A-24 60,000,000.00 6.500000% 0.00 ~~314~~325,~~072~~000.8300 ~~314~~325,~~072~~000.8300 0.00 ~~10,927~~0.1700 A-PO ~~733~~504,~~300~~839.0004 0.000000% 9054,~~453~~424.5261 0.00 9054,~~453~~424.5261 0.00 0.00 Residual A-R 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B-1 12,~~310~~263,~~089~~238.0866 6.500000% 15,~~433~~845.5295 6466,~~437~~425.7488 7982,~~871~~271.2683 0.00 ~~2,241~~0.9100 B-2 4,~~294~~277,~~217~~874.5739 6.500000% 5,~~383~~527.7966 2223,~~478~~171.2882 2728,~~862~~699.0748 0.00 ~~782~~0.0600 B-3 21,~~003~~996,~~968~~342.8302 6.500000% 2,~~512~~579.4357 10,~~489~~813.8752 13,~~002~~393.3009 0.00 ~~364~~0.9600 B-4 21,~~003~~996,~~968~~342.8302 6.500000% 2,~~512~~579.4357 10,~~489~~813.8752 13,~~002~~393.3009 0.00 ~~364~~0.9600 B-5 1,~~145~~140,~~125~~767.3214 6.500000% 1,~~435~~474.6804 56,~~994~~179.2116 7,~~429~~653.8920 0.00 ~~208~~0.5500 B-6 ~~887~~884,~~395~~018.09 6.500000% 1,~~112~~142.5512 4,~~645~~788.1143 5,~~757~~930.6655 0.00 ~~161~~0.6100 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~240~~162,~~761~~568,~~029~~155.1578 - 3616,~~183~~585,~~123~~849.9455 1877,~~256,436~~843.6313 3717,~~439~~463,~~560~~692.5767 - ~~43,713.74~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A-1 ~~10,065,498~~0.7200 ~~4,442~~0.3100 A-2 ~~4,027,592~~0.3900 ~~1,638~~0.8700 A-3 208,~~028~~178,~~831~~565.9181 ~~4,982~~0.3100 A-4 0.00 0.00 A-5 5603,~~123,147~~304.6044 ~~1,246~~0.8800 A-6 31,~~909~~596,~~009~~203.3041 ~~287~~0.2300 A-7 31,~~909~~596,~~009~~203.3041 ~~984~~0.3600 A-8 73,~~068~~884,~~000~~800.0043 ~~1,287~~0.2200 A-9 3,556,666.00 ~~637~~0.7700 A-10 17,755,000.00 ~~3,233~~0.5300 A-11 ~~4,843,000~~0.00 ~~882~~0.00 A-12 21,~~183~~797,~~000~~930.0069 ~~397~~0.5700 A-13 1,136,000.00 ~~206~~0.8900 A-14 1,578,000.00 ~~287~~0.3800 A-15 1,868,444.00 ~~340~~0.2800 A-16 2,000,000.00 ~~364~~0.2400 A-17 1,000,000.00 ~~182~~0.1200 A-18 1,625,000.00 ~~110~~0.1800 A-19 375,000.00 ~~254~~0.0600 A-20 113,~~245~~207,~~143~~473.2898 ~~2,653~~0.3000 A-21 73,~~122~~254,~~572~~921.2192 ~~1,732~~0.0900 A-22 116,~~608~~384,~~445~~813.0072 ~~1,951~~0.5000 A-23 3,200,334.00 ~~560~~0.4300 A-24 60,000,000.00 ~~10,927~~0.1700 A-PO ~~642~~450,~~846~~414.4843 0.00 Residual A-R 0.00 0.00 A-LR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B-1 12,~~294~~247,~~655~~392.5671 ~~2,241~~0.9100 B-2 4,~~288~~272,~~833~~346.7874 ~~782~~0.0600 B-3 21,~~001~~993,~~456~~762.4044 ~~364~~0.9600 B-4 21,~~001~~993,~~456~~762.4044 ~~364~~0.9600 B-5 1,~~143~~139,~~689~~293.6510 ~~208~~0.5500 B-6 ~~886~~882,~~282~~875.5496 ~~161~~0.6100 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~204~~145,~~577~~982,~~905~~306.2123 ~~43,713.74~~- --------------------------------------------------------------------------------

Payment Date: 04/25/03 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-1 Trust BANK OF AMERICA, FSB, 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 ~~24,392,274~~0.4800 6.500000% 060506AA0 860.~~096342~~000000 0.~~767304~~000000 600.~~488322~~000000 A-2 ~~9,748,791~~0.1700 6.000000% 060506AB8 860.~~085881~~000000 0.~~708782~~000000 600.~~602481~~000000 A-3 2711,~~357~~531,~~346~~944.5303 6.500000% 060506AC6 7333.~~285146~~533782 10.~~432033~~624647 ~~200~~81.~~288319~~785658 A-4 0.00 6.250000% 060506AD4 0.000000 0.000000 0.000000 A-5 72,~~120~~162,~~324~~873.4652 6.250000% 060506AE2 7962.~~887074~~382763 10.~~433526~~450599 ~~204~~24.~~925904~~132178 A-6 52,~~339~~250,~~308~~679.9725 1.~~920000~~805000% 060506AF9 7333.~~285146~~533782 0.~~423001~~173460 ~~200~~81.~~288319~~785658 A-7 52,~~339~~250,~~308~~679.9725 6.~~580000~~695000% 060506AG7 0.000000 10.~~449658~~643386 ~~200~~81.~~288319~~785658 A-8 75,~~068~~477,~~000~~647.0057 6.500000% 060506AH5 0225.~~000000~~360376 54.~~234547~~197876 ~~1,000~~549.~~000000~~632206 A-9 3,556,666.00 6.400000% 060506AJ1 0.000000 5.~~154016~~333333 1,000.000000 A-10 17,755,000.00 6.500000% 060506AK8 0.000000 5.~~234547~~416667 1,000.000000 A-11 42,~~843~~231,~~000~~013.0099 6.500000% 060506AL6 0460.~~000000~~667767 52.~~234547~~495284 ~~1,000~~0.000000 A-12 2,183,000.00 6.500000% 060506AM4 0176.~~000000~~394556 5.~~234547~~416667 ~~1,000~~823.~~000000~~605444 A-13 1,136,000.00 6.500000% 060506AN2 0.000000 5.~~234547~~416667 1,000.000000 A-14 1,578,000.00 6.500000% 060506AP7 0.000000 5.~~234547~~416667 1,000.000000 A-15 1,868,444.00 6.500000% 060506AQ5 0.000000 5.~~234547~~416667 1,000.000000 A-16 2,000,000.00 6.500000% 060506AR3 0.000000 5.~~234547~~416667 1,000.000000 A-17 1,000,000.00 6.500000% 060506AS1 0.000000 5.~~234547~~416667 1,000.000000 A-18 1,625,000.00 2.~~420000~~305000% 060506AT9 0.000000 1.~~948862~~920833 1,000.000000 A-19 375,000.00 24.~~180000~~678333% 060506AU6 0.000000 1920.~~472515~~565278 1,000.000000 A-20 145,~~796~~980,~~617~~908.4086 6.400000% 060506AV4 7155.~~029482~~468698 10.~~525240~~637964 ~~224~~64.~~902866~~149480 A-21 84,~~831~~589,~~412~~506.4207 7.000000% 060506AW2 6651.~~311222~~788287 1.~~931877~~038887 ~~276~~126.~~390074~~306633 A-22 119,~~608~~002,~~445~~717.0012 6.000000% 060506AX0 0225.~~000000~~517147 43.~~831890~~877659 ~~1,000~~550.~~000000~~014556 A-23 3,200,334.00 6.250000% 060506AY8 0.000000 5.~~033218~~208333 1,000.000000 A-24 60,000,000.00 6.500000% 060506AZ5 0.000000 5.~~234547~~416667 1,000.000000 A-PO ~~733~~504,~~300~~839.0004 0.000000% 060506BA9 7444.~~332261~~724676 0.000000 ~~528~~370.~~273911~~138436 Residual A-R 0.00 6.500000% 060506BB7 0.000000 0.000000 0.000000 A-LR 0.00 6.500000% 060506BC5 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B-1 12,~~310~~263,~~089~~238.0866 6.500000% 060506BD3 1.~~196228~~228195 45.~~994470~~148567 ~~952~~949.~~939703~~276432 B-2 4,~~294~~277,~~217~~874.5739 6.500000% 060506BE1 1.~~196228~~228195 45.~~994470~~148567 ~~952~~949.~~939703~~276432 B-3 21,~~003~~996,~~968~~342.8302 6.500000% 060506BF8 1.~~196228~~228195 45.~~994470~~148567 ~~952~~949.~~939703~~276432 B-4 21,~~003~~996,~~968~~342.8302 6.500000% 060506BG6 1.~~196228~~228195 45.~~994470~~148567 ~~952~~949.~~939703~~276432 B-5 1,~~145~~140,~~125~~767.3214 6.500000% 060506BH4 1.~~196228~~228195 45.~~994470~~148567 ~~952~~949.~~939706~~276435 B-6 ~~887~~884,~~395~~018.09 6.500000% 060506BJ0 0.~~926913~~951547 3.~~870031~~989436 ~~738~~735.~~397951~~559799 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~240~~162,~~761~~568,~~029~~155.1578 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1999-1 Trust BANK OF AMERICA, FSB, SERVICER ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 145,982,301.89 145,982,301.89 Loan count 465 465 Avg loan rate 6.990336% 6.99 Prepay amount 16,375,607.95 16,375,607.95 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 38,319.09 38,319.09 Sub servicer fees 0.00 0.00 Trustee fees 474.16 474.16 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 264,826.96 264,826.96 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 6,000,845.77 6,000,845.77 Special Hazard 2,217,409.38 2,217,409.38 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 86.139061% 100.000000% 140,009,573.46 ----------------------------------------------------------------------------- Junior 13.860939% 0.000000% 22,529,433.40 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 10 3,205,113.76 60 to 89 days 1 487,147.22 90 or more 1 231,426.89 Foreclosure 0 0.00 Totals: 12 3,923,687.87 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 17,463,692.67 17,463,692.67 Principal remittance amount 16,585,849.55 16,585,849.55 Interest remittance amount 877,843.13 877,843.13

Filing Compare · BANK OF AMERICA MORT SEC INC MORT PASS THR CERT SER 1999-1