8-K 1 boa01c_8k0305.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): May 25, 2003 Bank of America Mortgage Securities, Inc. (Depositor) North Carolina 333-56234-07 13-4186197/6198 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 N. Tryon St. 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 Bank of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2001-c Trust On May 25, 2003, The Bank of New York, as Trustee for Mortgage Pass-Through Certificates made a monthly distribution of principal and/or interest to the Holders of the Series 2001-c Trust. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of June 1, 2001 by and among Bank of America Mortgage Securities, Inc. as Depositor, EquiCredit Corporation of America, as Transferor and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks Capital Corp., as Expected Successor Servicer and The Bank of New York, as Trustee. All capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Pooling and Servicing Agreement. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of Series 2001-c Trust relating to the Distribution Date of May 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 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: May 25, 2003 By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Report to Holders of Series 2001-c Trust relating to the Distribution Date of May 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated May 25, 2003 Payment Date: 05/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2001-c Trust Bank of America, NA, 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 4.958000% 0.00 0.00 0.00 0.00 0.00 A2 0.00 5.601000% 0.00 0.00 0.00 0.00 0.00 A3 0.00 5.983000% 0.00 0.00 0.00 0.00 0.00 A4 9679,~~003~~459,~~237~~119.6792 6.097000% 1610,~~544~~548,~~117~~824.7551 ~~473~~403,~~682~~718.1555 1710,~~017~~952,~~799~~543.9005 0.00 ~~14,094~~0.3000 A5 1815,~~305~~150,~~263~~740.8666 5.953000% 32,~~154~~011,~~523~~380.2025 8875,~~185~~160.4330 32,~~242~~086,~~708~~540.6355 0.00 ~~2,623~~0.9400 A6 1815,~~305~~150,~~263~~740.8666 6.~~176119~~189317% 32,~~154~~011,~~523~~380.2025 9178,~~490~~143.6395 32,~~246~~089,~~013~~524.8320 0.00 ~~2,722~~0.2800 A7 0.00 6.~~176119~~189317% 0.00 0.00 0.00 0.00 0.00 AIO ~~149~~125,~~348~~129,~~213~~536.6771 0.~~078206~~087236% 0.00 9,~~452~~096.0853 9,~~452~~096.0853 0.00 ~~281~~0.2400 Residual AR 0.00 6.~~176119~~189317% 0.00 0.00 0.00 0.00 0.00 ALR 0.00 6.~~176119~~189317% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 87,~~642~~937,~~234~~037.5762 6.~~176119~~189317% ~~705~~496,~~196~~830.9699 4340,~~194~~937.3237 ~~748~~537,~~391~~768.2836 0.00 ~~1,285~~0.2400 B2 2,~~855~~622,~~810~~779.6661 6.~~176119~~189317% ~~233~~164,~~031~~176.0589 1413,~~273~~527.4968 ~~247~~177,~~304~~704.5357 0.00 ~~424~~0.7000 B3 1,~~665~~530,~~942~~003.3829 6.~~176119~~189317% ~~135~~95,~~939~~772.0989 87,~~326~~891.4640 ~~144~~103,~~265~~664.5529 0.00 ~~247~~0.7500 B4 1,~~428~~311,~~222~~680.2990 6.~~176119~~189317% ~~116~~82,~~541~~106.3967 76,~~138~~765.3334 ~~123~~88,~~679~~872.7201 0.00 ~~212~~0.4000 B5 ~~952~~874,~~148~~453.1994 6.~~176119~~189317% 7754,~~694~~737.2678 4,~~758~~510.8823 8259,~~453~~248.1401 0.00 ~~141~~0.6000 B6 1,~~190~~092,~~090~~980.1711 6.~~176119~~189317% 9768,~~110~~416.0776 5,~~948~~637.1333 ~~103~~74,~~058~~054.2009 0.00 ~~176~~0.9900 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~149~~125,~~348~~129,~~213~~536.6771 - 2415,~~218~~533,~~676~~626.9698 ~~746~~645,~~449~~388.9575 2416,~~965~~179,~~126~~015.9173 - ~~22,210.44~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 0.00 0.00 A2 0.00 0.00 A3 0.00 0.00 A4 7968,~~459~~910,~~119~~295.9242 ~~14,094~~0.3000 A5 1513,~~150~~139,~~740~~360.6641 ~~2,623~~0.9400 A6 1513,~~150~~139,~~740~~360.6641 ~~2,722~~0.2800 A7 0.00 0.00 AIO ~~125~~109,~~129~~595,~~536~~909.7173 ~~281~~0.2400 Residual AR 0.00 0.00 ALR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 7,~~937~~440,~~037~~206.6263 ~~1,285~~0.2400 B2 2,~~622~~458,~~779~~602.6172 ~~424~~0.7000 B3 1,~~530~~434,~~003~~230.2940 ~~247~~0.7500 B4 1,~~311~~229,~~680~~574.9023 ~~212~~0.4000 B5 ~~874~~819,~~453~~716.9416 ~~141~~0.6000 B6 1,~~092~~024,~~980~~563.1135 ~~176~~0.9900 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~125~~109,~~129~~595,~~536~~909.7173 ~~22,210.44~~- --------------------------------------------------------------------------------

Payment Date: 05/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2001-c Trust Bank of America, NA, 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 4.958000% 060506M25 0.000000 0.000000 0.000000 A2 0.00 5.601000% 060506M33 0.000000 0.000000 0.000000 A3 0.00 5.983000% 060506M41 0.000000 0.000000 0.000000 A4 9679,~~003~~459,~~237~~119.6792 6.097000% 060506M58 ~~101~~64.~~488315~~710760 2.~~905758~~476573 ~~487~~422.~~434407~~723648 A5 1815,~~305~~150,~~263~~740.8666 5.953000% 060506M66 3120.~~545232~~113802 0.~~881854~~751603 ~~151~~131.~~507407~~393604 A6 1815,~~305~~150,~~263~~740.8666 6.~~176119~~189317% 060506M74 3120.~~545232~~113802 0.~~914906~~781440 ~~151~~131.~~507407~~393604 A7 0.00 6.~~176119~~189317% 060506M82 0.000000 0.000000 0.000000 AIO ~~149~~125,~~348~~129,~~213~~536.6771 0.~~078206~~087236% 060506M90 0.000000 0.~~012588~~012115 ~~166~~145.~~649302~~961396 Residual AR 0.00 6.~~176119~~189317% 060506N24 0.000000 0.000000 0.000000 ALR 0.00 6.~~176119~~189317% 060506N32 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 87,~~642~~937,~~234~~037.5762 6.~~176119~~189317% 060506N40 5136.~~727203~~443262 3.~~168365~~002815 ~~582~~545.~~193033~~749771 B2 2,~~855~~622,~~810~~779.6661 6.~~176119~~189317% 060506N57 5136.~~727203~~443262 3.~~168365~~002815 ~~582~~545.~~193033~~749771 B3 1,~~665~~530,~~942~~003.3829 6.~~176119~~189317% 060506N65 5136.~~727203~~443262 3.~~168365~~002815 ~~582~~545.~~193033~~749771 B4 1,~~428~~311,~~222~~680.2990 6.~~176119~~189317% 060506N73 5136.~~727203~~443262 3.~~168365~~002815 ~~582~~545.~~193033~~749771 B5 ~~952~~874,~~148~~453.1994 6.~~176119~~189317% 060506N81 5136.~~727203~~443262 3.~~168365~~002815 ~~582~~545.~~193033~~749771 B6 1,~~190~~092,~~090~~980.1711 6.~~176119~~189317% 060506N99 5136.~~727216~~443271 3.~~168366~~002815 ~~582~~545.~~193184~~749913 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~149~~125,~~348~~129,~~213~~536.6771 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Mortgage Pass-Through Certificates Series 2001-c Trust Bank of America, NA, Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 109,595,909.28 109,595,909.28 Loan count 247 247 Avg loan rate 6.785317% 6.79 Prepay amount 15,401,905.23 15,401,905.23 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 39,014.32 39,014.32 Sub servicer fees 0.00 0.00 Trustee fees 208.55 208.55 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 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 0.00 0.00 Special Hazard 2,297,188.15 2,297,188.15 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 88.397210% 100.000000% 109,760,601.24 ----------------------------------------------------------------------------- Junior 11.602790% 0.000000% 14,406,893.49 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 4 1,745,318.52 60 to 89 days 1 375,549.30 90 or more 2 1,118,901.95 Foreclosure 0 0.00 Totals: 7 3,239,769.77 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 16,179,015.73 16,179,015.73 Principal remittance amount 15,533,626.98 15,533,626.98 Interest remittance amount 645,388.75 645,388.75

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