8-K 1 boa9805_8k0304.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): April 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 April 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 April 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: April 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 April 25, 2003 Payment Date: 04/25/03 ------------------------------------------------------------ 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 ~~2,500,000~~0.00 6.750000% ~~253,267~~0.1000 ~~14,062~~0.5000 ~~267,329~~0.6000 0.00 0.00 IA-4 38,062,479.00 6.750000% 0.00 ~~214~~211,~~101~~293.4431 ~~214~~211,~~101~~293.4431 0.00 02,808.0013 IA-5 ~~9,212,380~~0.1100 6.750000% ~~3,766,505~~0.7100 ~~51,819~~0.6400 ~~3,818,325~~0.3500 0.00 0.00 IA-6 197,~~926~~233,~~842~~597.00 7.200000% ~~926~~6,~~020~~620,772.8170 ~~119~~42,~~561~~832.0533 16,~~045~~663,~~581~~605.8704 0.00 0569.0025 IA-7 1482,~~328,457~~240.0011 0.000000% 61441,~~734~~385.7613 0.00 61441,~~734~~385.7613 0.00 0.00 IA-8 ~~9,117,226~~0.5500 6.750000% ~~7,261,882~~0.5600 ~~51,284~~0.4000 ~~7,313,166~~0.9600 0.00 0.00 IA-9 42,~~700~~482,~~000~~771.0060 6.875000% 02,272,433.0027 2614,~~927~~037.0865 262,~~927~~286,470.0891 0.00 0186.0056 IA-10 1,~~950~~307,~~000~~750.0061 6.750000% 01,196,959.0007 107,~~968~~259.7562 101,~~968~~204,218.7568 0.00 096.0048 IA-11 1670,~~000,000~~641.0034 6.750000% 0613,825.0016 53,~~625~~722.0088 5617,~~625~~548.0004 0.00 049.0048 IA-12 8745,~~038~~977.0076 0.000000% 042,082.0056 0.00 042,082.0056 0.00 0.00 I-X-1 1,~~969~~208,~~959~~778.7504 6.750000% 0.00 116,~~081~~710.0220 116,~~081~~710.0220 0.00 089.0018 I-X-2 ~~174~~127,~~501~~469.2156 6.750000% 0.00 ~~981~~707.5761 ~~981~~707.5761 0.00 09.0040 I-PO ~~165~~93,~~876~~882.3284 0.000000% ~~24,872~~199.1299 0.00 ~~24,872~~199.1299 0.00 0.00 Residual R-I 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate IM 7,~~211~~183,~~995~~230.5554 6.750000% 9,~~428~~767.1845 4039,~~567~~875.4772 49,~~995~~643.6517 0.00 0529.0096 IB-1 3,~~226~~213,~~419~~550.0853 6.750000% 4,~~217~~369.8765 1817,~~148~~839.6114 22,~~366~~208.4879 0.00 0237.0009 IB-2 1,~~518~~512,~~314~~258.7596 6.750000% 12,~~984~~056.8831 8,~~540~~394.5289 10,~~525~~451.4019 0.00 0111.0057 IB-3 1,~~329~~324,~~945~~640.0557 6.750000% 1,~~738~~801.6319 7,~~480~~353.9438 9,~~219~~154.57 0.00 097.0073 IB-4 ~~950~~947,~~989~~196.4039 6.750000% 1,~~243~~287.2296 5,~~349~~258.3210 6,~~592~~546.5406 0.00 069.0088 IB-5 ~~945~~941,~~486~~715.2316 6.750000% 1,~~236~~280.0350 5,~~318~~227.3667 6,~~554~~508.3918 0.00 069.0048 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~103~~65,~~233~~501,~~449~~932.0341 - 1211,~~314~~208,~~131~~220.8595 ~~591~~370,~~817~~512.6848 1211,~~905~~578,~~949~~733.5343 - -4,924.19 ---------------------------------------------------------------------------------------------------------------------------------- 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 ~~2,246,732~~0.9000 0.00 IA-4 38,062,479.00 02,808.0013 IA-5 ~~5,445,874~~0.3900 0.00 IA-6 19612,~~000,821~~824.1930 0569.0025 IA-7 140,~~266,722~~854.2498 0.00 IA-8 ~~1,855,343~~0.9900 0.00 IA-9 4210,~~700,000~~338.0034 0186.0056 IA-10 1110,~~950,000~~791.0054 096.0048 IA-11 156,~~000,000~~816.0017 049.0048 IA-12 873,~~038~~895.0020 0.00 I-X-1 1999,~~715,091~~702.1849 089.0018 I-X-2 ~~174,255.18~~ 0.00 9.40 I-PO ~~141~~93,~~004~~682.2085 0.00 Residual R-I 0.00 0.00 -------------------------------------------------------------------------------- Subordinate IM 7,~~202~~173,~~567~~463.3709 0529.0096 IB-1 3,~~222~~209,~~201~~180.2188 0237.0009 IB-2 1,~~516~~510,~~329~~202.8765 0111.0057 IB-3 1,~~328~~322,~~206~~839.4238 097.0073 IB-4 ~~949~~945,~~746~~908.1843 069.0088 IB-5 ~~944~~940,~~250~~434.2066 069.0048 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 9054,~~919~~293,~~317~~711.1846 -4,924.19 --------------------------------------------------------------------------------

Payment Date: 04/25/03 ------------------------------------------------------------ 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 ~~2,500,000~~0.00 6.750000% 055240JS5 ~~101~~0.~~306839~~000000 50.~~625000~~000000 ~~898~~0.~~693161~~000000 IA-4 38,062,479.00 6.750000% 055240JT3 0.000000 5.~~625000~~551223 1,000.000000 IA-5 ~~9,212,380~~0.1100 6.750000% 055240JU0 370.~~735308~~000000 0.~~519163~~000000 540.~~560318~~000000 IA-6 197,~~926~~233,~~842~~597.00 7.200000% 055240JV8 46332.~~471027~~253987 62.~~000000~~149479 ~~953~~30.~~528973~~753709 IA-7 1482,~~328,457~~240.0011 0.000000% 055240JW6 46332.~~471027~~253987 0.000000 ~~953~~30.~~528973~~753709 IA-8 ~~9,117,226~~0.5500 6.750000% 055240JX4 ~~164~~0.~~932903~~000000 10.~~164779~~000000 420.~~138835~~000000 IA-9 42,~~700~~482,~~000~~771.0060 6.875000% 055240JY2 0483.~~000000~~496439 52.~~729167~~986734 ~~1,000~~44.~~000000~~752838 IA-10 1,~~950~~307,~~000~~750.0061 6.750000% 055240JZ9 0613.~~000000~~825163 53.~~625000~~722880 ~~1,000~~56.~~000000~~816174 IA-11 1670,~~000,000~~641.0034 6.750000% 055240KA2 0613.~~000000~~825163 53.~~625000~~722880 ~~1,000~~56.~~000000~~816174 IA-12 8745,~~038~~977.0076 0.000000% 055240KB0 0483.~~000000~~496439 0.000000 ~~1,000~~44.~~000000~~752838 I-X-1 1,~~969~~208,~~959~~778.7504 6.750000% 055240KC8 0.000000 10.~~300464~~787506 ~~201~~117.~~282363~~324654 I-X-2 ~~174~~127,~~501~~469.2156 6.750000% 055240KD6 0.000000 0.~~881053~~635150 ~~156~~0.~~410751~~000000 I-PO ~~165~~93,~~876~~882.3284 0.000000% 055240KM6 930.~~486268~~751705 0.000000 ~~529~~352.~~989379~~123659 Residual R-I 0.00 6.750000% 055240KH7 0.000000 0.~~040512~~000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate IM 7,~~211~~183,~~995~~230.5554 6.750000% 055240KE4 1.~~242863~~287588 5.~~347779~~256588 ~~949~~945.~~473378~~636726 IB-1 3,~~226~~213,~~419~~550.0853 6.750000% 055240KF1 1.~~242863~~287588 5.~~347779~~256588 ~~949~~945.~~473377~~636725 IB-2 1,~~518~~512,~~314~~258.7596 6.750000% 055240KG9 1.~~242863~~287588 5.~~347779~~256588 ~~949~~945.~~473375~~636723 IB-3 1,~~329~~324,~~945~~640.0557 6.750000% 055240KJ3 1.~~244191~~288964 5.~~353494~~262206 ~~950~~946.~~488139~~647387 IB-4 ~~950~~947,~~989~~196.4039 6.750000% 055240KK0 1.~~245539~~290360 5.~~359294~~267907 ~~951~~947.~~517909~~672996 IB-5 ~~945~~941,~~486~~715.2316 6.750000% 055240KL8 1.~~238329~~282891 5.~~328271~~237413 ~~946~~942.~~009780~~187124 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~103~~65,~~233~~501,~~449~~932.0341 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 4,180,062.72 50,113,648.74 0.00 Loan count 12 172 0 Avg loan rate 6.848747% 7.368896% 8.250000% Prepay amount 4,173.72 10,427,532.83 687,452.60 Total ----- Prin balance 54,293,711.46 Loan count 184 Avg loan rate 7.34 Prepay amount 11,119,159.15 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 857.15 0.00 0.00 Sub servicer fees 0.00 0.00 0.00 Trustee fees 15.71 227.34 2.58 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 857.15 Sub servicer fees 0.00 Trustee fees 245.63 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 1,481,016.20 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 1,481,016.20 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 76.936907% 100.000000% 50,379,340.26 ----------------------------------------------------------------------------- Junior 23.063093% 0.000000% 15,102,029.08 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 3 960,438.92 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 3 960,438.92 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 11,578,733.43 11,578,733.43 Principal remittance amount 11,208,220.95 11,208,220.95 Interest remittance amount 370,512.48 370,512.48

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