8-K 1 boa9806_8k0305.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): May 25, 2003 BA MORTGAGE SECURITIES, INC. (Depositor) North Carolina 333-53933-04 13-4036541 (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 BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates Series 1998-6 Trust On May 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 1998-6 Trust. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of November 1, 1998 by and among BA 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 1998-6 Trust relating to the Distribution Date of May 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: May 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 1998-6 Trust relating to the Distribution Date of May 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated May 25, 2003 Payment Date: 05/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 1998-6 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 A-1 ~~3,373,466~~0.8000 6.250000% ~~3,373,466~~0.8000 ~~17,570~~0.1400 ~~3,391,036~~0.9400 0.00 0.00 A-2 ~~27,099,251~~0.6400 6.250000% ~~9,036,178~~0.3500 ~~141,141~~0.9400 ~~9,177,320~~0.2900 0.00 0.00 A-3 31,~~780~~874,~~005~~619.0098 7.000000% ~~414~~1,~~585~~874,619.3298 2210,~~050~~935.0328 ~~436~~1,~~635~~885,555.3527 0.00 0.00 A-4 38,457,652.00 6.250000% 0.00 200,300.27 200,300.27 0.00 0.00 A-5 93,~~871~~626,~~494~~157.0031 6.750000% 12,~~307~~688,~~867~~716.1633 5520,~~527~~397.1513 12,~~363~~709,~~394~~113.3146 0.00 0.00 A-6 21,~~381~~206,~~997~~757.0001 0.000000% ~~248~~736,~~603~~782.9449 0.00 ~~248~~736,~~603~~782.9449 0.00 0.00 A-7 ~~4,560,673~~0.00 6.500000% ~~1,941,017~~0.8000 ~~24,703~~0.6500 ~~1,965,721~~0.4500 0.00 0.00 A-8 ~~80,060~~0.2700 6.250000% ~~80,060~~0.2700 ~~416~~0.9800 ~~80,477~~0.2500 0.00 0.00 A-9 ~~1,597,833~~0.1600 6.500000% ~~532,793~~0.5100 ~~8,654~~0.9300 ~~541,448~~0.4400 0.00 0.00 A-10 ~~63,913~~0.4000 0.000000% ~~21,311~~0.7700 0.00 ~~21,311~~0.7700 0.00 0.00 A-11 31,~~780~~874,~~006~~620.0048 6.500000% ~~414~~1,~~585~~874,620.4348 2010,~~475~~154.0319 ~~435~~1,~~060~~884,774.4667 0.00 0.00 A-12 4,839,027.00 7.000000% 0749,000.00 28,227.66 28777,227.66 0.00 0.00 A-13 179,224.00 0.000000% 027,737.0043 0.00 027,737.0043 0.00 0.00 A-14 ~~2,244,655~~0.00 6.250000% 0.00 ~~11,690~~0.9100 ~~11,690~~0.9100 0.00 0.00 A-15 32,~~093~~972,004.00 6.500000% 02,204,000.00 16,~~753~~098.7735 162,~~753~~220,098.7736 0.00 0.00 A-16 2,~~328~~237,~~283~~331.0047 7.000000% 01,658,932.0034 13,~~581~~051.6510 131,~~581~~671,983.6544 0.00 0.00 A-17 ~~179~~172,~~099~~102.0072 0.000000% 0127,610.0040 0.00 0127,610.0040 0.00 0.00 A-18 ~~1,893,933~~0.00 23.~~220000~~108000% 0.00 ~~3,503~~0.7800 ~~3,503~~0.7800 0.00 0.00 A-19 ~~350,729~~0.00 3126.~~212000~~416800% 0.00 ~~9,122~~0.4600 ~~9,122~~0.4600 0.00 0.00 Residual R 0.00 6.250000% 0.00 01.0802 01.0802 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M 7,~~432~~395,~~965~~023.0459 6.250000% 9,~~434~~801.0425 38,~~713~~515.3675 48,~~147~~317.4000 0.00 0.00 B-1 3,~~240~~223,~~011~~472.4384 6.250000% 4,~~112~~272.2834 16,~~875~~788.0692 2021,~~987~~061.3426 0.00 0.00 B-2 1,~~524~~516,~~710~~928.9206 6.250000% 12,~~935~~010.1951 7,~~941~~900.2067 9,~~876~~911.3918 0.00 0.00 B-3 1,~~143~~137,~~532~~695.7257 6.250000% 1,~~451~~507.3988 5,~~955~~925.9050 7,~~407~~433.2938 0.00 0.00 B-4 ~~952~~948,~~944~~079.0981 6.250000% 1,~~209~~256.4957 4,~~963~~937.2592 6,~~172~~194.7449 0.00 0.00 B-5 ~~723~~719,~~585~~892.6006 6.250000% ~~918~~954.3913 3,~~768~~749.6744 4,~~687~~703.0657 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~125~~72,~~172~~380,~~056~~587.0790 - 1711,~~389~~961,~~531~~822.1214 ~~651~~376,~~937~~983.8720 1812,~~041~~338,~~468~~805.9934 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A-1 0.00 0.00 A-2 ~~18,063,073~~0.2800 0.00 A-3 ~~3,365,419~~0.6800 0.00 A-4 38,457,652.00 0.00 A-5 8937,~~563,626~~440.8498 0.00 A-6 2469,~~133,393~~974.0652 0.00 A-7 ~~2,619,655~~0.2000 0.00 A-8 0.00 0.00 A-9 ~~1,065,039~~0.6500 0.00 A-10 ~~42,601~~0.6400 0.00 A-11 ~~3,365,420~~0.5700 0.00 A-12 4,~~839~~090,027.00 0.00 A-13 ~~179~~151,~~224~~486.0057 0.00 A-14 ~~2,244,655~~0.00 0.00 A-15 3768,~~093,~~004.00 0.00 A-16 2578,~~328,283~~399.0013 0.00 A-17 ~~179~~44,~~099~~492.0032 0.00 A-18 ~~1,893,933~~0.00 0.00 A-19 ~~350,729~~0.00 0.00 Residual R 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M 7,~~423~~385,~~531~~222.0034 0.00 B-1 3,~~235~~219,~~899~~200.1550 0.00 B-2 1,~~522~~514,~~775~~917.7355 0.00 B-3 1,~~142~~136,~~081~~187.3369 0.00 B-4 ~~951~~946,~~734~~823.6024 0.00 B-5 ~~722~~718,~~667~~937.2193 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~107~~60,~~782~~418,~~524~~765.9576 - --------------------------------------------------------------------------------

Payment Date: 05/25/03 ------------------------------------------------------------ Mortgage Pass-Through Certificates Series 1998-6 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 A-1 ~~3,373,466~~0.8000 6.250000% 055240KN4 310.~~724465~~000000 0.~~165232~~000000 0.000000 A-2 ~~27,099,251~~0.6400 6.250000% 055240KP9 530.~~199483~~000000 0.~~830957~~000000 ~~106~~0.~~344310~~000000 A-3 31,~~780~~874,~~005~~619.0098 7.000000% 055240KQ7 ~~109~~495.~~678510~~930557 52.~~833333~~892928 ~~890~~0.~~321490~~000000 A-4 38,457,652.00 6.250000% 055240KR5 0.000000 5.208333 1,000.000000 A-5 93,~~871~~626,~~494~~157.0031 6.750000% 055240KS3 ~~132~~272.~~489282~~371773 52.~~625000~~066266 ~~867~~94.~~510718~~964449 A-6 21,~~381~~206,~~997~~757.0001 0.000000% 055240KT1 ~~104~~309.~~367864~~312937 0.000000 ~~895~~197.~~632136~~302735 A-7 ~~4,560,673~~0.00 6.500000% 055240KU8 ~~425~~0.~~598986~~000000 50.~~416667~~000000 ~~574~~0.~~401014~~000000 A-8 ~~80,060~~0.2700 6.250000% 055240KV6 30.~~997018~~000000 0.~~020818~~000000 0.000000 A-9 ~~1,597,833~~0.1600 6.500000% 055240KW4 530.~~199483~~000000 0.~~864196~~000000 ~~106~~0.~~344310~~000000 A-10 ~~63,913~~0.4000 0.000000% 055240KX2 530.~~199482~~000000 0.000000 ~~106~~0.~~344309~~000000 A-11 31,~~780~~874,~~006~~620.0048 6.500000% 055240KY0 ~~109~~495.~~678510~~930557 52.~~416667~~686291 ~~890~~0.~~321490~~000000 A-12 4,839,027.00 7.000000% 055240KZ7 0154.~~000000~~783183 5.833333 ~~1,000~~845.~~000000~~216817 A-13 179,224.00 0.000000% 055240LA1 0154.~~000000~~764036 0.000000 ~~1,000~~845.~~000000~~235964 A-14 ~~2,244,655~~0.00 6.250000% 055240LB9 0.000000 50.~~208333~~000000 ~~1,000~~0.000000 A-15 32,~~093~~972,004.00 6.500000% 055240LC7 0712.~~000000~~575865 5.~~416667~~204764 ~~1,000~~248.~~000000~~303591 A-16 2,~~328~~237,~~283~~331.0047 7.000000% 055240LD5 0712.~~000000~~513189 5.~~833333~~605461 ~~1,000~~248.~~000000~~423034 A-17 ~~179~~172,~~099~~102.0072 0.000000% 055240LE3 0712.~~000000~~513189 0.000000 ~~1,000~~248.~~000000~~423034 A-18 ~~1,893,933~~0.00 23.~~220000~~108000% 055240LF0 0.000000 10.~~850000~~000000 ~~1,000~~0.000000 A-19 ~~350,729~~0.00 3126.~~212000~~416800% 055240LG8 0.000000 260.~~010000~~000000 ~~1,000~~0.000000 Residual R 0.00 6.250000% 055240LL7 0.000000 120.~~573831~~310449 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M 7,~~432~~395,~~965~~023.0459 6.250000% 055240LH6 1.~~207680~~254687 4.~~955812~~930515 ~~950~~945.~~308185~~404180 B-1 3,~~240~~223,~~011~~472.4384 6.250000% 055240LJ2 1.~~207680~~254687 4.~~955812~~930515 ~~950~~945.~~308185~~404179 B-2 1,~~524~~516,~~710~~928.9206 6.250000% 055240LK9 1.~~207680~~254687 4.~~955812~~930515 ~~950~~945.~~308184~~404179 B-3 1,~~143~~137,~~532~~695.7257 6.250000% 055240LM5 1.~~207680~~254687 4.~~955812~~930515 ~~950~~945.~~308185~~404180 B-4 ~~952~~948,~~944~~079.0981 6.250000% 055240LN3 1.~~207680~~254687 4.~~955812~~930515 ~~950~~945.~~308189~~404184 B-5 ~~723~~719,~~585~~892.6006 6.250000% 055240LP8 0.~~917008~~952701 3.~~763017~~743809 ~~721~~717.~~582260~~858580 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~125~~72,~~172~~380,~~056~~587.0790 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Mortgage Pass-Through Certificates Series 1998-6 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 60,419,234.18 60,419,234.18 Loan count 191 191 Avg loan rate 7.173331% 7.17 Prepay amount 11,865,603.54 11,865,603.54 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 26,790.00 26,790.00 Sub servicer fees 0.00 0.00 Trustee fees 271.43 271.43 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 132,515.33 132,515.33 Coverage Amounts Total ---------------- ----- Bankruptcy 100,000.00 100,000.00 Fraud 4,006,005.38 4,006,005.38 Special Hazard 1,231,111.14 1,231,111.14 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 79.379315% 100.000000% 57,439,495.97 ----------------------------------------------------------------------------- Junior 20.620685% 0.000000% 14,921,289.24 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 2 896,542.58 60 to 89 days 0 0.00 90 or more 1 357,682.21 Foreclosure 3 880,346.98 Totals: 6 2,134,571.77 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 12,338,805.34 12,338,805.34 Principal remittance amount 11,961,822.14 11,961,822.14 Interest remittance amount 376,983.20 376,983.20

Filing Compare · BANK OF AMERICA MORT SEC MORT PASS THRU CER SER 1998-6