8-K 1 boa0107_8k0212.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): December 25, 2002 BOA (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 2001-7 Trust) (Exact name of registrant as specified in charter) North Carolina 333-56234-06 13-4186200/199 (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 2001-7 Trust On December 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage Pass-Through Certificates Series 2001-7 Trust, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2001, 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 2001-7 Trust relating to the distribution date of December 25, 2002 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 1, 2001. 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: December 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 December 25, 2002 Payment Date: 12/25/02 ------------------------------------------------------------ Bank of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 2001-7 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 6449,~~204~~016,~~459~~817.0937 6.750000% 1510,~~187~~455,~~641~~705.7229 ~~358~~275,~~972~~719.8760 1510,~~546~~731,~~614~~424.6088 0.00 ~~2,177~~0.2100 A2 129,~~561~~749,~~412~~396.3341 6.750000% 21,~~812~~934,~~015~~700.9263 7054,~~231~~840.9835 21,~~882~~989,~~247~~540.9098 0.00 ~~425~~0.9600 A3 2013,~~105~~347,~~595~~309.9739 6.750000% 64,~~758~~649,~~286~~782.5809 ~~112~~75,~~412~~078.1962 64,~~870~~724,~~698~~860.7771 0.00 ~~681~~0.7900 A4 1914,~~127~~433,~~703~~860.6091 6.750000% 43,~~693~~232,~~842~~668.6957 ~~106~~81,~~944~~190.7047 43,~~800~~313,~~787~~859.3904 0.00 ~~648~~0.6300 A5 20,809,000.00 6.750000% 0.00 ~~116~~117,~~344~~050.9863 ~~116~~117,~~344~~050.9863 0.00 ~~705~~0.6400 A6 10,089,000.00 6.750000% 0.00 56,~~408~~750.5063 56,~~408~~750.5063 0.00 ~~342~~0.1200 A7 13,742,000.00 7.000000% 0.00 7980,~~678~~161.4167 7980,~~678~~161.4167 0.00 ~~483~~0.2600 A8 6,258,000.00 7.000000% 0.00 36,~~284~~505.9300 36,~~284~~505.9300 0.00 ~~220~~0.0700 A9 707,223.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A10 1,595,000.00 7.000000% 0.00 9,~~248~~304.0817 9,~~248~~304.0817 0.00 560.0900 A11 552,000.00 6.500000% 0.00 2,~~971~~990.9700 2,~~971~~990.9700 0.00 180.0300 A12 1,948,000.00 6.500000% 0.00 10,~~488~~551.0667 10,~~488~~551.0667 0.00 630.6100 A13 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A14 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A15 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A16 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A17 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A18 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A19 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A20 0.00 7.000000% 0.00 0.00 0.00 0.00 0.00 A21 3,250,000.00 6.750000% 0.00 18,~~171~~281.0425 18,~~171~~281.0425 0.00 ~~110~~0.2100 A22 1,875,000.00 6.750000% 0.00 10,~~483~~546.2988 10,~~483~~546.2988 0.00 630.5800 A23 1,875,000.00 6.750000% 0.00 10,~~483~~546.2988 10,~~483~~546.2988 0.00 630.5800 A24 3,084,000.00 6.750000% 0.00 17,~~242~~347.9250 17,~~242~~347.9250 0.00 ~~104~~0.5800 A25 3,~~550~~570,~~794~~646.1798 6.750000% 0.00 0.00 0.00 0.00 ~~120~~0.4100 A26 1,~~795~~805,~~087~~123.2675 6.750000% 0.00 0.00 0.00 0.00 600.8700 A27 2216,~~830~~747,~~987~~393.3421 6.750000% 64,~~083~~193,~~594~~256.1372 ~~127~~94,~~650~~204.09 64,~~211~~287,~~244~~460.2381 0.00 ~~774~~0.2100 A28 4,~~238~~262,~~856~~556.2609 6.750000% 0.00 0.00 0.00 0.00 ~~143~~0.7400 A29 8566,~~417~~295,~~343~~693.6768 6.100000% 1913,~~121~~155,~~649~~924.9916 ~~431~~337,~~587~~003.2111 1913,~~553~~492,~~237~~927.2027 0.00 ~~2,617~~0.6200 A30 86,~~225~~384,~~373~~029.8476 6.750000% 0.00 4535,~~988~~910.8017 4535,~~988~~910.8017 0.00 ~~278~~0.9300 A31 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A32 63,000,000.00 6.750000% 0.00 ~~352~~354,~~238~~375.6400 ~~352~~354,~~238~~375.6400 0.00 ~~2,136~~0.3600 APO 1,~~848~~716,~~458~~901.2871 0.000000% ~~131~~149,~~556~~798.5713 0.00 ~~131~~149,~~556~~798.5713 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 B1 10,~~537~~527,~~326~~680.7792 6.750000% 9,~~645~~717.8516 5859,~~915~~218.1421 68,~~560~~935.9836 0.00 ~~357~~0.3300 B2 4,~~648~~644,~~617~~362.5218 6.750000% 4,~~255~~286.3379 2526,~~990~~124.8454 30,~~246~~411.1733 0.00 ~~157~~0.6400 B3 2,~~480~~477,~~183~~913.4610 6.750000% 2,~~270~~287.3514 13,~~866~~938.9326 16,~~137~~225.2840 0.00 840.1000 B4 1,~~549~~548,~~868~~449.0228 6.750000% 1,~~418~~429.7523 8,~~665~~710.4503 10,~~084~~139.2026 0.00 520.5600 B5 1,~~240~~238,~~091~~956.7355 6.750000% 1,~~135~~143.1857 6,~~933~~969.4613 8,~~068~~112.6470 0.00 420.0500 B6 1,~~239~~238,~~979~~844.4742 6.750000% 1,~~135~~143.0535 6,~~932~~968.8450 8,~~067~~111.8885 0.00 420.0500 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~386~~331,~~160~~406,~~987~~128.9697 - 5437,~~808~~791,~~448~~842.1284 21,~~095~~800,~~136~~286.6031 5639,~~903~~592,~~584~~129.7215 - ~~13,032.24~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 4938,~~016~~561,~~817~~112.3709 ~~2,177~~0.2100 A2 97,~~749~~814,~~396~~695.4178 ~~425~~0.9600 A3 138,~~347~~697,~~309~~527.3930 ~~681~~0.7900 A4 1411,~~433~~201,~~860~~192.9134 ~~648~~0.6300 A5 20,809,000.00 ~~705~~0.6400 A6 10,089,000.00 ~~342~~0.1200 A7 13,742,000.00 ~~483~~0.2600 A8 6,258,000.00 ~~220~~0.0700 A9 707,223.00 0.00 A10 1,595,000.00 560.0900 A11 552,000.00 180.0300 A12 1,948,000.00 630.6100 A13 0.00 0.00 A14 0.00 0.00 A15 0.00 0.00 A16 0.00 0.00 A17 0.00 0.00 A18 0.00 0.00 A19 0.00 0.00 A20 0.00 0.00 A21 3,250,000.00 ~~110~~0.2100 A22 1,875,000.00 630.5800 A23 1,875,000.00 630.5800 A24 3,084,000.00 ~~104~~0.5800 A25 3,~~570~~590,~~646~~731.9887 ~~120~~0.4100 A26 1,~~805~~815,~~123~~277.7557 600.8700 A27 1612,~~747~~554,~~393~~136.2148 ~~774~~0.2100 A28 4,~~262~~286,~~556~~532.0996 ~~143~~0.7400 A29 6653,~~295~~139,~~693~~769.6852 ~~2,617~~0.6200 A30 65,~~384~~117,~~029~~162.7699 ~~278~~0.9300 A31 0.00 0.00 A32 63,000,000.00 ~~2,136~~0.3600 APO 1,~~716~~567,~~901~~103.7158 0.00 Residual AR 0.00 0.00 ALR 0.00 0.00 B1 10,~~527~~517,~~680~~963.9276 ~~357~~0.3300 B2 4,~~644~~640,~~362~~075.1839 ~~157~~0.6400 B3 2,~~477~~475,~~913~~625.1096 840.1000 B4 1,~~548~~547,~~449~~020.2804 520.5600 B5 1,~~238~~237,~~956~~812.5598 420.0500 B6 1,~~238~~237,~~844~~701.4207 420.0500 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~331~~293,~~406~~668,~~128~~501.9771 ~~13,032.24~~- --------------------------------------------------------------------------------

Payment Date: 12/25/02 ------------------------------------------------------------ Bank of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 2001-7 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 6449,~~204~~016,~~459~~817.0937 6.750000% 060506F98 ~~115~~79.~~405858~~449441 2.~~727716~~095102 ~~372~~293.~~462557~~013116 A2 129,~~561~~749,~~412~~396.3341 6.750000% 060506G22 ~~112~~77.~~480637~~388025 2.~~809279~~193614 ~~389~~312.~~975856~~587831 A3 2013,~~105~~347,~~595~~309.9739 6.750000% 060506G30 ~~135~~92.~~165732~~995642 21.~~248244~~501572 ~~266~~173.~~946188~~950546 A4 1914,~~127~~433,~~703~~860.6091 6.750000% 060506G48 ~~117~~80.~~346067~~816714 2.~~673618~~029762 ~~360~~280.~~846523~~029809 A5 20,809,000.00 6.750000% 060506G55 0.000000 5.~~591089~~625000 1,000.000000 A6 10,089,000.00 6.750000% 060506G63 0.000000 5.~~591089~~625000 1,000.000000 A7 13,742,000.00 7.000000% 060506G71 0.000000 5.~~798167~~833333 1,000.000000 A8 6,258,000.00 7.000000% 060506G89 0.000000 5.~~798167~~833333 1,000.000000 A9 707,223.00 0.000000% 060506G97 0.000000 0.000000 1,000.000000 A10 1,595,000.00 7.000000% 060506H21 0.000000 5.~~798167~~833333 1,000.000000 A11 552,000.00 6.500000% 060506H39 0.000000 5.~~384012~~416667 1,000.000000 A12 1,948,000.00 6.500000% 060506H47 0.000000 5.~~384012~~416667 1,000.000000 A13 0.00 7.000000% 060506H54 0.000000 0.000000 0.000000 A14 0.00 7.000000% 060506H62 0.000000 0.000000 0.000000 A15 0.00 7.000000% 060506H70 0.000000 0.000000 0.000000 A16 0.00 7.000000% 060506H88 0.000000 0.000000 0.000000 A17 0.00 7.000000% 060506H96 0.000000 0.000000 0.000000 A18 0.00 7.000000% 060506J29 0.000000 0.000000 0.000000 A19 0.00 7.000000% 060506J37 0.000000 0.000000 0.000000 A20 0.00 7.000000% 060506J45 0.000000 0.000000 0.000000 A21 3,250,000.00 6.750000% 060506J52 0.000000 5.~~591089~~625000 1,000.000000 A22 1,875,000.00 6.750000% 060506J60 0.000000 5.~~591089~~625000 1,000.000000 A23 1,875,000.00 6.750000% 060506J78 0.000000 5.~~591089~~625000 1,000.000000 A24 3,084,000.00 6.750000% 060506J86 0.000000 5.~~591089~~625000 1,000.000000 A25 3,~~550~~570,~~794~~646.1798 6.750000% 060506J94 0.000000 0.000000 1,~~100~~106.~~014474~~202055 A26 1,~~795~~805,~~087~~123.2675 6.750000% 060506K27 0.000000 0.000000 1,~~100~~106.~~014474~~202055 A27 2216,~~830~~747,~~987~~393.3421 6.750000% 060506K35 ~~121~~83.~~671883~~865134 21.~~553002~~884082 ~~334~~251.~~947864~~082730 A28 4,~~238~~262,~~856~~556.2609 6.750000% 060506K43 0.000000 0.000000 1,~~100~~106.~~014474~~202055 A29 8566,~~417~~295,~~343~~693.6768 6.100000% 060506K50 ~~176~~121.~~878712~~694672 3.~~992260~~117340 ~~613~~491.~~247125~~552453 A30 86,~~225~~384,~~373~~029.8476 6.750000% 060506K68 0.000000 43.~~417664~~449515 ~~613~~491.~~247149~~552473 A31 0.00 0.000000% 060506K76 0.000000 0.000000 0.000000 A32 63,000,000.00 6.750000% 060506K84 0.000000 5.~~591089~~625000 1,000.000000 APO 1,~~848~~716,~~458~~901.2871 0.000000% 060506K92 6170.~~997753~~594328 0.000000 ~~809~~738.~~112386~~518057 Residual AR 0.00 6.750000% 060506L26 0.000000 0.000000 0.000000 ALR 0.00 6.750000% 060506L34 0.000000 0.000000 0.000000 B1 10,~~537~~527,~~326~~680.7792 6.750000% 060506L42 0.~~903085~~909761 5.~~515882~~544257 ~~985~~984.~~645625~~735864 B2 4,~~648~~644,~~617~~362.5218 6.750000% 060506L59 0.~~903085~~909761 5.~~515882~~544257 ~~985~~984.~~645625~~735864 B3 2,~~480~~477,~~183~~913.4610 6.750000% 060506L67 0.~~903085~~909761 5.~~515882~~544257 ~~985~~984.~~645625~~735864 B4 1,~~549~~548,~~868~~449.0228 6.750000% 060506L75 0.~~903085~~909761 5.~~515882~~544257 ~~985~~984.~~645625~~735864 B5 1,~~240~~238,~~091~~956.7355 6.750000% 060506L83 0.~~903085~~909761 5.~~515882~~544257 ~~985~~984.~~645625~~735864 B6 1,~~239~~238,~~979~~844.4742 6.750000% 060506L91 0.~~903064~~909669 5.~~515882~~544257 ~~985~~984.~~645696~~736027 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~386~~331,~~160~~406,~~987~~128.9697 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Bank of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates, Series 2001-7 Trust Bank of America, NA, Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 293,668,501.51 293,668,501.51 Loan count 733 733 Avg loan rate 7.186276% 7.19 Prepay amount 37,431,631.71 37,431,631.71 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 64,303.08 64,303.08 Sub servicer fees 0.00 0.00 Trustee fees 828.52 828.52 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 3,314,061.29 3,314,061.29 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 331,406,128.97 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 8 2,939,853.18 60 to 89 days 3 1,388,579.09 90 or more 2 787,144.48 Foreclosure 1 349,371.98 Totals: 14 5,464,948.73 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 39,592,129.15 39,592,129.15 Principal remittance amount 37,791,842.84 37,791,842.84 Interest remittance amount 1,800,286.31 1,800,286.31

Filing Compare · MORTGAGE PASS THROUGH CERTIFICATES SERIES 2001-7