8-K 1 boa9910_8k0311.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): November 25, 2003 BANK OF AMERICA MORTGAGE SECURITIES, INC. (Depositor) North Carolina 333-67267-08 13-4078651 (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 1999-10 Trust On November 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 1999-10 Trust. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of August 1, 1999 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 1999-10 Trust relating to the Distribution Date of November 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: November 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 1999-10 Trust relating to the Distribution Date of November 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-10 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 1412,~~728~~609,~~054~~374.1758 6.500000% 2575,~~118,679~~400.5986 7868,~~930~~300.8778 2643,~~197,610~~701.4664 0.00 ~~846~~0.0900 APO ~~121~~107,~~852~~918.4624 0.000000% 1310,~~934~~250.2276 0.00 1310,~~934~~250.2276 0.00 0.00 Residual AR 0.00 6.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 1,~~330~~323,~~931~~291.7369 6.500000% 7,~~640~~761.0548 7,~~132~~167.7683 14,~~772~~929.8031 0.00 760.4600 B2 ~~424~~421,~~027~~593.9284 6.500000% 2,~~434~~472.0877 2,~~272~~283.4663 4,~~706~~756.5440 0.00 240.3600 B3 ~~424~~421,~~027~~593.9284 6.500000% 2,~~434~~472.0877 2,~~272~~283.4663 4,~~706~~756.5440 0.00 240.3600 B4 ~~242~~241,~~647~~254.1527 6.500000% 1,~~392~~415.8902 1,~~300~~306.4079 2,~~693~~721.2982 0.00 130.9400 B5 121,~~726~~027.6589 6.500000% ~~698~~709.7686 ~~652~~655.3657 1,~~351~~365.1243 0.00 60.9900 B6 ~~182~~181,~~089~~044.7044 6.500000% 1,~~045~~061.2688 ~~975~~980.8666 2,~~021~~042.1253 0.00 100.4600 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1715,~~575~~427,~~357~~098.7178 - 2601,~~148,258~~545.9340 9382,~~537~~978.1689 2684,~~241,796~~524.0929 - ~~1,002.66~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 12,~~609~~033,~~374~~973.5872 ~~846~~0.0900 APO ~~107~~97,~~918~~667.2448 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 1,~~323~~315,~~291~~530.6921 760.4600 B2 ~~421~~419,~~593~~121.8407 240.3600 B3 ~~421~~419,~~593~~121.8407 240.3600 B4 ~~241~~239,~~254~~839.2724 130.9400 B5 ~~121~~120,~~027~~318.8903 60.9900 B6 ~~181~~179,~~044~~982.4456 100.4600 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1514,~~427~~825,~~098~~553.7838 ~~1,002.66~~- --------------------------------------------------------------------------------

Payment Date: 11/25/03 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-10 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 1412,~~728~~609,~~054~~374.1758 6.500000% 060506JG8 143.~~523939~~944479 0.~~541086~~468214 8682.~~439586~~495107 APO ~~121~~107,~~852~~918.4624 0.000000% 060506JH6 1813.~~328485~~483420 0.000000 ~~141~~128.~~951087~~467667 Residual AR 0.00 6.500000% 060506JJ2 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 1,~~330~~323,~~931~~291.7369 6.500000% 060506JK9 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 B2 ~~424~~421,~~027~~593.9284 6.500000% 060506JL7 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 B3 ~~424~~421,~~027~~593.9284 6.500000% 060506JM5 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 B4 ~~242~~241,~~647~~254.1527 6.500000% 060506JN3 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 B5 121,~~726~~027.6589 6.500000% 060506JP8 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 B6 ~~182~~181,~~089~~044.7044 6.500000% 060506JQ6 4.~~627528~~701078 4.~~320264~~341508 ~~801~~796.~~509198~~808120 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1715,~~575~~427,~~357~~098.7178 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-10 Trust Bank of America, N.A., Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 14,825,552.48 14,825,552.48 Loan count 54 54 Avg loan rate 6.875132% 6.88 Prepay amount 511,064.37 511,064.37 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 4,524.10 4,524.10 Sub servicer fees 0.00 0.00 Trustee fees 57.85 57.85 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 1,500,162.29 1,500,162.29 Special Hazard 1,093,122.40 1,093,122.40 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 82.519782% 100.000000% 12,717,292.82 ----------------------------------------------------------------------------- Junior 17.480218% 0.000000% 2,693,912.18 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 684,524.29 684,524.29 Principal remittance amount 601,545.40 601,545.40 Interest remittance amount 82,978.89 82,978.89

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