8-K 1 boa9805_8k0308.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): August 25, 2003 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 1998-5 Trust) (Exact name of registrant as specified in charter) North Carolina 333-53933-03 13-4048098 (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 1998-5 Trust On August 25, 2003, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 1998-5 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of September 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 1998-5 Trust relating to the distribution date of August 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of September 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: August 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 August 25, 2003 Payment Date: 08/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 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 IA-1 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-3 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-4 2319,~~833~~368,~~455~~104.0681 6.750000% 419,~~465~~368,~~350~~104.2581 ~~134~~108,~~063~~945.1859 419,~~599~~477,~~413~~050.4340 0.00 0.00 IA-5 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-6 0.00 7.200000% 0.00 0.00 0.00 0.00 0.00 IA-7 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 IA-8 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-9 0.00 6.875000% 0.00 0.00 0.00 0.00 0.00 IA-10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-11 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-12 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 I-X-1 ~~737~~644,~~427~~411.2687 6.750000% 0.00 43,~~148~~624.0382 43,~~148~~624.0382 0.00 0.00 I-X-2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 I-PO 7372,~~077~~887.8206 0.000000% ~~190~~72,887.7706 0.00 ~~190~~72,887.7706 0.00 0.00 Residual R-I 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate IM 7,~~153~~142,~~411~~967.7138 6.750000% 107,~~444~~142,967.3338 40,~~237~~179.9419 507,~~682~~183,146.2757 0.00 0.00 IB-1 3,~~200~~195,~~210~~538.5206 6.750000% 43,~~672~~195,538.4606 1817,~~001~~974.1890 223,~~673~~213,512.6596 0.00 0.00 IB-2 1,~~505~~503,~~981~~782.3150 6.750000% 21,~~198~~503,782.8150 8,~~471~~458.1478 101,~~669~~512,241.9528 0.00 0.00 IB-3 1,~~319~~317,~~141~~215.7675 6.750000% 1,~~926~~317,215.0175 7,~~420~~409.1734 91,~~346~~324,625.1809 0.00 0.00 IB-4 ~~943~~941,~~264~~887.4120 6.750000% 1941,~~377~~887.2120 5,~~305~~298.8612 6947,~~683~~185.0732 0.00 0.00 IB-5 ~~937~~936,~~805~~436.9470 6.750000% 1936,~~369~~436.2270 5,~~275~~267.1646 6941,~~644~~704.3816 0.0200 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 3834,~~966~~478,~~348~~819.5245 - 434,~~487~~478,~~529~~819.0546 ~~222~~197,~~922~~158.6818 434,~~710~~675,~~451~~977.7264 ~~0.02~~- - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior IA-1 0.00 0.00 IA-2 0.00 0.00 IA-3 0.00 0.00 IA-4 ~~19,368,104~~0.8100 0.00 IA-5 0.00 0.00 IA-6 0.00 0.00 IA-7 0.00 0.00 IA-8 0.00 0.00 IA-9 0.00 0.00 IA-10 0.00 0.00 IA-11 0.00 0.00 IA-12 0.00 0.00 I-X-1 ~~644,411~~0.8700 0.00 I-X-2 0.00 0.00 I-PO ~~72,887~~0.0600 0.00 Residual R-I 0.00 0.00 -------------------------------------------------------------------------------- Subordinate IM ~~7,142,967~~0.3800 0.00 IB-1 ~~3,195,538~~0.0600 0.00 IB-2 ~~1,503,782~~0.5000 0.00 IB-3 ~~1,317,215~~0.7500 0.00 IB-4 ~~941,887~~0.2000 0.00 IB-5 ~~936,436~~0.7000 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~34,478,819~~0.4500 - --------------------------------------------------------------------------------

Payment Date: 08/25/03 ------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 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 IA-1 0.00 6.750000% 055240JQ9 0.000000 0.000000 0.000000 IA-2 0.00 6.750000% 055240JR7 0.000000 0.000000 0.000000 IA-3 0.00 6.750000% 055240JS5 0.000000 0.000000 0.000000 IA-4 2319,~~833~~368,~~455~~104.0681 6.750000% 055240JT3 ~~117~~508.~~316327~~850325 32.~~522187~~862283 ~~508~~0.~~850325~~000000 IA-5 0.00 6.750000% 055240JU0 0.000000 0.000000 0.000000 IA-6 0.00 7.200000% 055240JV8 0.000000 0.000000 0.000000 IA-7 0.00 0.000000% 055240JW6 0.000000 0.000000 0.000000 IA-8 0.00 6.750000% 055240JX4 0.000000 0.000000 0.000000 IA-9 0.00 6.875000% 055240JY2 0.000000 0.000000 0.000000 IA-10 0.00 6.750000% 055240JZ9 0.000000 0.000000 0.000000 IA-11 0.00 6.750000% 055240KA2 0.000000 0.000000 0.000000 IA-12 0.00 0.000000% 055240KB0 0.000000 0.000000 0.000000 I-X-1 ~~737~~644,~~427~~411.2687 6.750000% 055240KC8 0.000000 0.~~486811~~425407 750.~~627900~~000000 I-X-2 0.00 6.750000% 055240KD6 0.000000 0.000000 0.000000 I-PO 7372,~~077~~887.8206 0.000000% 055240KM6 0273.~~717029~~958971 0.000000 ~~273~~0.~~958971~~000000 Residual R-I 0.00 6.750000% 055240KH7 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate IM 7,~~153~~142,~~411~~967.7138 6.750000% 055240KE4 1941.~~376816~~616651 5.~~304338~~296594 ~~941~~0.~~616651~~000000 IB-1 3,~~200~~195,~~210~~538.5206 6.750000% 055240KF1 1941.~~376816~~616650 5.~~304338~~296593 ~~941~~0.~~616650~~000000 IB-2 1,~~505~~503,~~981~~782.3150 6.750000% 055240KG9 1941.~~376816~~616646 5.~~304338~~296594 ~~941~~0.~~616648~~000000 IB-3 1,~~319~~317,~~141~~215.7675 6.750000% 055240KJ3 1942.~~378287~~623018 5.~~310007~~302254 ~~942~~0.~~623015~~000000 IB-4 ~~943~~941,~~264~~887.4120 6.750000% 055240KK0 1943.~~379781~~644266 5.~~315760~~307999 ~~943~~0.~~644264~~000000 IB-5 ~~937~~936,~~805~~436.9470 6.750000% 055240KL8 1938.~~371770~~181718 5.~~284988~~277272 ~~938~~0.~~181713~~000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 3834,~~966~~478,~~348~~819.5245 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 0.00 0.00 0.00 Loan count 0 0 0 Avg loan rate 6.839318% 7.393607% 0.000000% Prepay amount 3,057,607.50 31,369,448.37 0.00 Total ----- Prin balance 0.00 Loan count 0 Avg loan rate 7.34 Prepay amount 34,427,055.87 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 0.00 7,483.21 0.00 Sub servicer fees 0.00 0.00 0.00 Trustee fees 11.48 117.81 0.00 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 7,483.21 Sub servicer fees 0.00 Trustee fees 129.30 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 18,933.54 0.00 Total ----- Realized losses 0.00 Cumulative losses 18,933.54 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 Special Hazard 660,845.90 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 660,845.90 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 19,440,991.87 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 0 0.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 0 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 34,675,977.64 34,675,977.64 Principal remittance amount 34,478,819.46 34,478,819.46 Interest remittance amount 197,158.18 197,158.18

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