8-K 1 boa9805_8k0306.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): June 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 June 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 June 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: June 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 June 25, 2003 Payment Date: 06/25/03 ------------------------------------------------------------ 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 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-4 3832,~~062~~391,~~479~~863.0021 6.750000% 58,~~670~~558,~~615~~408.7916 ~~212~~182,~~625~~204.6023 58,~~883~~740,~~241~~612.3839 0.00 ~~1,475~~0.8500 IA-5 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-6 ~~612,824~~0.3000 7.200000% ~~612,824~~0.3000 ~~3,651~~0.6000 ~~616,475~~0.9000 0.00 250.3500 IA-7 ~~40,854~~0.9800 0.000000% ~~40,854~~0.9800 0.00 ~~40,854~~0.9800 0.00 0.00 IA-8 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 IA-9 ~~210,338~~0.3400 6.875000% ~~210,338~~0.3400 ~~1,196~~0.7600 ~~211,535~~0.0900 0.00 80.3100 IA-10 ~~110,791~~0.5400 6.750000% ~~110,791~~0.5400 ~~618~~0.9100 ~~111,410~~0.4500 0.00 40.3000 IA-11 ~~56,816~~0.1700 6.750000% ~~56,816~~0.1700 ~~317~~0.3900 ~~57,133~~0.5600 0.00 20.2000 IA-12 ~~3,895~~0.2000 0.000000% ~~3,895~~0.2000 0.00 ~~3,895~~0.2000 0.00 0.00 I-X-1 ~~999~~897,~~702~~013.4953 6.750000% 0.00 5,~~584~~045.5670 5,~~584~~045.5670 0.00 380.7600 I-X-2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 I-PO 9382,~~682~~265.8515 0.000000% 119,~~417~~187.7032 0.00 119,~~417~~187.7032 0.00 0.00 Residual R-I 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate IM 7,~~173~~163,~~463~~417.0934 6.750000% 10,~~045~~005.7563 40,~~072~~294.5822 50,~~118~~299.3385 0.00 ~~278~~0.1500 IB-1 3,~~209~~204,~~180~~686.8872 6.750000% 4,~~494~~476.1520 1718,~~927~~026.2136 22,~~421~~502.3657 0.00 ~~124~~0.4300 IB-2 1,~~510~~508,~~202~~087.6576 6.750000% 2,~~114~~106.8945 8,~~436~~482.3399 10,~~551~~589.2344 0.00 580.5600 IB-3 1,~~322~~320,~~839~~986.3887 6.750000% 1,~~852~~845.5111 7,~~389~~430.6855 9,~~242~~275.1966 0.00 510.2900 IB-4 ~~945~~944,~~908~~583.4377 6.750000% 1,~~324~~319.6536 5,~~284~~313.0628 6,~~608~~632.7165 0.00 360.6800 IB-5 ~~940~~939,~~434~~117.6667 6.750000% 1,~~316~~311.9970 5,~~253~~282.4854 6,~~570~~594.4723 0.0003 360.4600 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 5447,~~293~~555,~~711~~008.4649 - 68,~~738~~588,~~702~~659.9794 ~~308~~272,~~358~~079.1588 78,~~047~~860,~~061~~739.1282 ~~- 2,140~~0.3303 - ---------------------------------------------------------------------------------------------------------------------------------- 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 0.00 0.00 IA-4 3223,~~391~~833,~~863~~455.2106 ~~1,475~~0.8500 IA-5 0.00 0.00 IA-6 0.00 250.3500 IA-7 0.00 0.00 IA-8 0.00 0.00 IA-9 0.00 80.3100 IA-10 0.00 40.3000 IA-11 0.00 20.2000 IA-12 0.00 0.00 I-X-1 ~~897~~737,~~013~~427.5326 380.7600 I-X-2 0.00 0.00 I-PO 8273,~~265~~077.1582 0.00 Residual R-I 0.00 0.00 -------------------------------------------------------------------------------- Subordinate IM 7,~~163~~153,~~417~~411.3471 ~~278~~0.1500 IB-1 3,~~204~~200,~~686~~210.7252 ~~124~~0.4300 IB-2 1,~~508~~505,~~087~~981.7631 580.5600 IB-3 1,~~320~~319,~~986~~141.8776 510.2900 IB-4 ~~944~~943,~~583~~264.7741 360.6800 IB-5 ~~939~~937,~~117~~805.6794 360.4600 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 4738,~~555~~966,~~008~~348.4952 ~~2,140.33~~- --------------------------------------------------------------------------------

Payment Date: 06/25/03 ------------------------------------------------------------ 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 0.00 6.750000% 055240JS5 0.000000 0.000000 0.000000 IA-4 3832,~~062~~391,~~479~~863.0021 6.750000% 055240JT3 ~~148~~224.~~981778~~851570 54.~~586226~~786978 ~~851~~626.~~018222~~166652 IA-5 0.00 6.750000% 055240JU0 0.000000 0.000000 0.000000 IA-6 ~~612,824~~0.3000 7.200000% 055240JV8 300.~~753709~~000000 0.~~183250~~000000 0.000000 IA-7 ~~40,854~~0.9800 0.000000% 055240JW6 300.~~753709~~000000 0.000000 0.000000 IA-8 0.00 6.750000% 055240JX4 0.000000 0.000000 0.000000 IA-9 ~~210,338~~0.3400 6.875000% 055240JY2 440.~~752838~~000000 0.~~254629~~000000 0.000000 IA-10 ~~110,791~~0.5400 6.750000% 055240JZ9 560.~~816174~~000000 0.~~317388~~000000 0.000000 IA-11 ~~56,816~~0.1700 6.750000% 055240KA2 560.~~816174~~000000 0.~~317388~~000000 0.000000 IA-12 ~~3,895~~0.2000 0.000000% 055240KB0 440.~~752838~~000000 0.000000 0.000000 I-X-1 ~~999~~897,~~702~~013.4953 6.750000% 055240KC8 0.000000 0.~~655402~~592161 ~~105~~86.~~273121~~544146 I-X-2 0.00 6.750000% 055240KD6 0.000000 0.000000 0.000000 I-PO 9382,~~682~~265.8515 0.000000% 055240KM6 4234.~~915464~~532194 0.000000 ~~309~~274.~~208194~~676000 Residual R-I 0.00 6.750000% 055240KH7 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate IM 7,~~173~~163,~~463~~417.0934 6.750000% 055240KE4 1.~~324274~~318985 5.~~282540~~311758 ~~944~~942.~~312452~~993467 IB-1 3,~~209~~204,~~180~~686.8872 6.750000% 055240KF1 1.~~324274~~318985 5.~~282540~~311758 ~~944~~942.~~312451~~993466 IB-2 1,~~510~~508,~~202~~087.6576 6.750000% 055240KG9 1.~~324274~~318985 5.~~282540~~311758 ~~944~~942.~~312449~~993464 IB-3 1,~~322~~320,~~839~~986.3887 6.750000% 055240KJ3 1.~~325689~~320395 5.~~288186~~317435 ~~945~~944.~~321698~~001303 IB-4 ~~945~~944,~~908~~583.4377 6.750000% 055240KK0 1.~~327126~~321826 5.~~293915~~323196 ~~946~~945.~~345870~~024044 IB-5 ~~940~~939,~~434~~117.6667 6.750000% 055240KL8 1.~~319441~~314142 5.~~263270~~292381 ~~940~~939.~~867681~~553507 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 5447,~~293~~555,~~711~~008.4649 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 1998-5 Trust Bank of America, FSB, Master Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 3,069,627.59 35,896,720.93 0.00 Loan count 9 126 0 Avg loan rate 6.844221% 7.372155% 0.000000% Prepay amount 490,171.58 8,032,069.91 0.00 Total ----- Prin balance 38,966,348.52 Loan count 135 Avg loan rate 7.33 Prepay amount 8,522,241.49 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 0.00 2,788.16 0.00 Sub servicer fees 0.00 0.00 0.00 Trustee fees 13.37 164.96 0.00 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 2,788.16 Sub servicer fees 0.00 Trustee fees 178.33 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 1,477,703.08 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 1,477,703.08 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 68.317765% 100.000000% 32,474,128.36 ----------------------------------------------------------------------------- Junior 31.682235% 0.000000% 15,059,815.64 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 4 1,044,007.74 60 to 89 days 2 554,483.07 90 or more 1 289,814.28 Foreclosure 0 0.00 Totals: 7 1,888,305.09 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 8,860,739.82 8,860,739.82 Principal remittance amount 8,588,659.94 8,588,659.94 Interest remittance amount 272,079.88 272,079.88

Filing Compare · BA MORTGAGE SECURITIES INC PASS THR CERT SER 1998-5