8-K 1 boa9912_8k0211.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, 2002 BOA (Depositor) (Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Trust) (Exact name of registrant as specified in charter) North Carolina 333-67267-11 13-4094909 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 101 Barclay St. 8W, New York, NY 10286 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 212-815-6140 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 1999-12 Trust On November 25, 2002, The Bank of New York, as Trustee for BOA, MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-12 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of November 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 1999-12 Trust relating to the distribution date of November 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of November 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: November 25, 2002 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 November 25, 2002 Payment Date: 11/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 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 124,~~007~~673,~~438~~584.0931 7.500000% 74,~~333~~673,~~853~~584.7931 7328,~~225~~349.3178 74,~~407~~701,~~079~~934.1009 0.00 ~~1,821~~860.1812 A2 3,092,000.00 7.500000% 01,616,775.0007 18,~~856~~755.0395 181,~~856~~635,531.0302 0.00 ~~468~~569.9705 A3 2,542,000.00 7.500000% 0.00 15,~~501~~419.9567 15,~~501~~419.9567 0.00 ~~385~~467.5583 A4 2,043,000.00 7.500000% 0.00 12,~~458~~392.8976 12,~~458~~392.8976 0.00 ~~309~~375.8699 A5 10,000,000.00 7.500000% 0.00 60,~~983~~659.2962 60,~~983~~659.2962 0.00 1,~~516~~840.7138 A6 22,500,000.00 7.500000% 0.00 ~~137~~136,~~212~~484.4113 ~~137~~136,~~212~~484.4113 0.00 34,~~412~~140.5987 APO 1,~~213~~003,~~378~~350.6764 0.000000% ~~210~~151,~~028~~065.0353 0.00 ~~210~~151,~~028~~065.0353 0.00 0.00 Residual AR 0.00 7.500000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 5,~~684~~678,~~731~~871.1876 7.500000% 5,~~859~~938.4219 34,~~667~~447.3682 40,~~526~~386.7901 0.00 ~~862~~1,045.2113 B2 1,~~640~~638,~~031~~341.8340 7.500000% 1,~~690~~713.4315 109,~~001~~938.4512 11,~~691~~651.8827 0.00 ~~248~~301.7452 B3 ~~984~~983,~~213~~198.4296 7.500000% 1,~~014~~028.4610 65,~~002~~964.0605 76,~~016~~992.5214 0.00 ~~149~~180.2895 B4 656,~~790~~113.0003 7.500000% ~~676~~686.9707 43,~~005~~979.3296 4,~~682~~666.2903 0.00 99120.6275 B5 ~~438~~437,~~184~~732.1651 7.500000% ~~451~~457.6572 2,~~672~~655.1927 3,~~123~~112.8499 0.00 6680.4656 B6 ~~267~~266,~~193~~918.7737 7.500000% ~~275~~279.4011 1,~~629~~619.4412 1,~~904~~898.8422 0.00 4049.5312 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 6355,~~068~~515,~~961~~110.1398 - 76,~~553~~451,~~850~~527.1525 ~~377~~330,~~215~~666.7224 76,~~931~~782,~~065~~193.8749 - 910,~~381~~032.6726 ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~4,673,584~~0.3100 ~~1,821~~860.1812 A2 31,~~092~~475,~~000~~224.0093 ~~468~~569.9705 A3 2,542,000.00 ~~385~~467.5583 A4 2,043,000.00 ~~309~~375.8699 A5 10,000,000.00 1,~~516~~840.7138 A6 22,500,000.00 34,~~412~~140.5987 APO 1852,~~003,350~~285.6411 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 5,~~678~~672,~~871~~933.7657 ~~862~~1,045.2113 B2 1,~~638~~636,~~341~~628.4025 ~~248~~301.7452 B3 ~~983~~982,~~198~~170.9686 ~~149~~180.2895 B4 ~~656~~655,~~113~~426.0395 99120.6275 B5 437,~~732~~274.5179 6680.4656 B6 266,~~918~~639.3726 4049.5312 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 5549,~~515~~063,~~110~~583.9873 910,~~381~~032.6726 --------------------------------------------------------------------------------

Payment Date: 11/25/02 ------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 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 124,~~007~~673,~~438~~584.0931 7.500000% 060506KM3 4227.~~421644~~033690 0.~~423562~~163985 270.~~033690~~000000 A2 3,092,000.00 7.500000% 060506KN1 0522.~~000000~~889737 6.~~098329~~065962 ~~1,000~~477.~~000000~~110263 A3 2,542,000.00 7.500000% 060506KP6 0.000000 6.~~098329~~065962 1,000.000000 A4 2,043,000.00 7.500000% 060506KQ4 0.000000 6.~~098329~~065962 1,000.000000 A5 10,000,000.00 7.500000% 060506KR2 0.000000 6.~~098329~~065962 1,000.000000 A6 22,500,000.00 7.500000% 060506KS0 0.000000 6.~~098329~~065962 1,000.000000 APO 1,~~213~~003,~~378~~350.6764 0.000000% 060506KT8 ~~114~~82.~~962284~~688197 0.000000 ~~549~~466.~~200424~~512227 Residual AR 0.00 7.500000% 060506KU5 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 5,~~684~~678,~~731~~871.1876 7.500000% 060506KV3 1.~~001439~~014902 5.~~925032~~887509 ~~970~~969.~~581398~~566496 B2 1,~~640~~638,~~031~~341.8340 7.500000% 060506KW1 1.~~001439~~014902 5.~~925032~~887509 ~~970~~969.~~581399~~566497 B3 ~~984~~983,~~213~~198.4296 7.500000% 060506KX9 1.~~001439~~014902 5.~~925032~~887509 ~~970~~969.~~581399~~566497 B4 656,~~790~~113.0003 7.500000% 060506KY7 1.~~001439~~014902 5.~~925032~~887509 ~~970~~969.~~581402~~566500 B5 ~~438~~437,~~184~~732.1651 7.500000% 060506KZ4 1.~~001440~~014903 5.~~925036~~887513 ~~970~~969.~~582068~~567165 B6 ~~267~~266,~~193~~918.7737 7.500000% 060506LA8 0.~~611048~~619263 3.~~615278~~592382 ~~592~~591.~~219792~~600529 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 6355,~~068~~515,~~961~~110.1398 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-12 Trust Bank of America, N.A., Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 49,063,583.84 49,063,583.84 Loan count 135 135 Avg loan rate 7.797873% 7.80 Prepay amount 6,393,354.96 6,393,354.96 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 0.00 0.00 Sub servicer fees 0.00 0.00 Trustee fees 208.18 208.18 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 174,498.99 174,498.99 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 2,250,137.38 2,250,137.38 Special Hazard 1,931,647.06 1,931,647.06 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 82.612247% 100.000000% 45,853,934.95 ----------------------------------------------------------------------------- Junior 17.387753% 0.000000% 9,651,073.69 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 6 1,918,593.68 60 to 89 days 0 0.00 90 or more 1 272,857.02 Foreclosure 2 554,666.17 Totals: 9 2,746,116.87 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 6,782,193.49 6,782,193.49 Principal remittance amount 6,451,527.25 6,451,527.25 Interest remittance amount 330,666.24 330,666.24

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