8-K 1 boa9908_8k0311.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, 2003 BANK OF AMERICA MORTGAGE SECURITIES, INC. (Depositor) North Carolina 333-67267-07 13-4083686 (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 BANK OF AMERICA MORTGAGE SECURITIES, INC. MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-8 Trust On November 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 1999-8 Trust. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of July 1, 1999 by and among BANK OF AMERICA 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 1999-8 Trust relating to the Distribution Date of November 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: November 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 1999-8 Trust relating to the Distribution Date of November 25, 2003 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-8 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 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A2 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A3 0.00 7.125000% 0.00 0.00 0.00 0.00 0.00 A4 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A5 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A6 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A7 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A8 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 A9 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 A11 2921,~~840~~673,~~006~~736.5866 6.750000% 821,~~166~~673,~~269~~736.9266 ~~165~~121,~~699~~914.2477 821,~~331~~795,~~969~~651.1743 0.00 ~~2,150~~0.7900 A12 ~~270~~196,~~999~~835.0515 6.750000% 74196,~~163~~835.9015 1,~~504~~107.8420 75197,~~668~~942.7434 0.00 190.5300 APO ~~269~~240,~~295~~901.9231 0.000000% 28240,~~394~~901.6131 0.00 28240,~~394~~901.6131 0.00 0.00 Residual AR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 12,~~604~~588,~~973~~814.2144 6.750000% 1612,~~158~~588,811.7840 6970,~~994~~812.4408 8612,~~153~~659,623.2248 0.00 ~~908~~0.5300 B2 3,~~568~~563,~~144~~570.8572 6.750000% 43,~~574~~563,569.1487 1920,~~813~~045.6309 243,~~387~~583,614.7796 0.00 ~~257~~0.1800 B3 1,~~903~~900,~~390~~950.8986 6.750000% 21,~~440~~900,950.0341 10,~~569~~692.3885 131,~~009~~911,643.4126 0.00 ~~137~~0.1900 B4 1,~~427~~425,~~067~~238.7938 6.750000% 1,~~829~~425,238.4104 78,~~924~~016.4097 91,~~753~~433,255.8101 0.00 ~~102~~0.8600 B5 ~~951~~950,~~695~~475.5150 6.750000% 1950,~~220~~475.0127 5,~~284~~346.6942 6955,~~504~~821.7069 0.00 680.6000 B6 ~~951~~950,~~625~~405.8592 6.750000% 1950,~~219~~405.9270 5,~~284~~346.3003 6955,~~504~~751.2373 0.00 680.5900 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 5143,~~787~~490,~~199~~928.6593 - 843,~~296~~490,~~270~~923.7281 ~~286~~243,~~074~~281.9341 843,~~582~~734,~~345~~205.6521 - ~~3,713.28~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 0.00 0.00 A2 0.00 0.00 A3 0.00 0.00 A4 0.00 0.00 A5 0.00 0.00 A6 0.00 0.00 A7 0.00 0.00 A8 0.00 0.00 A9 0.00 0.00 A10 0.00 0.00 A11 ~~21,673,736~~0.6600 ~~2,150~~0.7900 A12 ~~196,835~~0.1500 190.5300 APO ~~240,901~~0.3100 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 ~~12,588,814~~0.4400 ~~908~~0.5300 B2 ~~3,563,570~~0.7200 ~~257~~0.1800 B3 ~~1,900,950~~0.8600 ~~137~~0.1900 B4 ~~1,425,238~~0.3800 ~~102~~0.8600 B5 ~~950,475~~0.5000 680.6000 B6 ~~950,405~~0.9200 680.5900 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~43,490,928~~0.9300 ~~3,713.28~~- --------------------------------------------------------------------------------

Payment Date: 11/25/03 ------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-8 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 0.00 6.750000% 060506GT3 0.000000 0.000000 0.000000 A2 0.00 6.750000% 060506GU0 0.000000 0.000000 0.000000 A3 0.00 7.125000% 060506GV8 0.000000 0.000000 0.000000 A4 0.00 6.750000% 060506GW6 0.000000 0.000000 0.000000 A5 0.00 6.750000% 060506GX4 0.000000 0.000000 0.000000 A6 0.00 6.750000% 060506GY2 0.000000 0.000000 0.000000 A7 0.00 6.750000% 060506GZ9 0.000000 0.000000 0.000000 A8 0.00 0.000000% 060506HA3 0.000000 0.000000 0.000000 A9 0.00 6.750000% 060506HB1 0.000000 0.000000 0.000000 A10 0.00 6.750000% 060506HC9 0.000000 0.000000 0.000000 A11 2921,~~840~~673,~~006~~736.5866 6.750000% 060506HD7 ~~164~~437.~~808677~~411436 32.~~344082~~460439 ~~437~~0.~~411436~~000000 A12 ~~270~~196,~~999~~835.0515 6.750000% 060506HE5 ~~164~~437.~~808677~~411436 32.~~344082~~460439 ~~437~~0.~~411436~~000000 APO ~~269~~240,~~295~~901.9231 0.000000% 060506HF2 14126.~~949919~~835891 0.000000 ~~126~~0.~~835891~~000000 Residual AR 0.00 6.750000% 060506HG0 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 12,~~604~~588,~~973~~814.2144 6.750000% 060506HH8 1949.~~218795~~525675 5.~~279412~~341083 ~~949~~0.~~525904~~000000 B2 3,~~568~~563,~~144~~570.8572 6.750000% 060506HJ4 1949.~~218795~~525678 5.~~279412~~341083 ~~949~~0.~~525904~~000000 B3 1,~~903~~900,~~390~~950.8986 6.750000% 060506HK1 1949.~~218795~~525679 5.~~279412~~341083 ~~949~~0.~~525904~~000000 B4 1,~~427~~425,~~067~~238.7938 6.750000% 060506HL9 1949.~~218795~~525676 5.~~279412~~341083 ~~949~~0.~~525901~~000000 B5 ~~951~~950,~~695~~475.5150 6.750000% 060506HM7 1949.~~218795~~525744 5.~~279412~~341084 ~~949~~0.~~525974~~000000 B6 ~~951~~950,~~625~~405.8592 6.750000% 060506HN5 1949.~~218773~~508965 5.~~279319~~340989 ~~949~~0.~~509187~~000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 5143,~~787~~490,~~199~~928.6593 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ MORTGAGE PASS-THROUGH CERTIFICATES Series 1999-8 Trust Bank of America, N.A., Servicer ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 0.00 0.00 Loan count 0 0 Avg loan rate 7.136313% 7.14 Prepay amount 43,436,427.14 43,436,427.14 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 13,466.50 13,466.50 Sub servicer fees 0.00 0.00 Trustee fees 126.85 126.85 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 5,002,733.60 5,002,733.60 Special Hazard 618,441.46 618,441.46 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 22,111,473.12 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 0 0.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 0 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 43,734,205.21 43,734,205.21 Principal remittance amount 43,490,923.81 43,490,923.81 Interest remittance amount 243,281.41 243,281.41

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