March 30, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: BA Mortgage Securities, Inc. Mortgage Pass-Through Certificates,
Series 1997-1; File No. 333-05201-01
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the trust fund (the
"Trust") created pursuant to a Pooling and Servicing Agreement dated
as of August 1, 1997 (the "Pooling and Servicing Agreement")
among BA Mortgage Securities, Inc. as the Depositor (the
"Depositor"), Bank of America, Federal Savings Bank and Bank of
America National Trust and Savings Association as Master Servicers
(together the "Master Servicers"), and Bankers Trust Company of
California, N.A., as trustee (the "Trustee).
The Series 1997-1 Mortgage Pass-Through Certificates (the "Certificates"
will evidence the entire beneficial ownership interest in a trust fund
(the "Trust Fund") consisting primarily of a pool of conventional,
fixed-rate, one- to four-family first mortgage loans (the
"Mortgage Loans") to be deposited by BA Mortgage Securities, Inc. (the
"Depositor") into the Trust Fund for the benefit of the
Certificateholders. Only Class A-1, Class A-2, Class A-3, Class A-4,
Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10,
Class A-11, Class A-12, Class A-13, Class X, Class PO, Class M, Class
B-1, Class B-2, Class R-I, Class R-II (the "Offered Certificates") are
offered hereby.
The Offered Certificates were registered under the Securities Act of
1933, as amended, by a Registration Statement on Form S-11 (File No.
333-05201-01). As a result, the Trust is subject to the filing
requirements of Section 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). The Trust intends to fulfill these
filing requirements in the manner described herein:
The Trust will file, promptly after each Distribution Date (as
defined in the Pooling and Servicing Agreement), a Current Report on
Form 8-K in substantially the form enclosed herewith, including as
an exhibit thereto the applicable Distribution Date report. Each
such Current Report will also disclose under Item 5 any matter
occurring during the relevant reporting period which would be
reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q.
The Trust will file a Current Report on Form 8-K promptly after the
occurrence of any event described under Item 2, 3, 4 or 5 thereof,
responding to the requirements of the applicable Item.
Within 90 days after the end of each fiscal year, the Trust will file
an annual report of Form 10-K which responds to Items 2, 3, and 4 of
Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and
Item 14 of Part IV thereof, and include as exhibits thereto certain
information from the Distribution Date reports aggregated for such
year and a copy of the independent accountants' annual compliance
statement required under the Pooling and Servicing Agreement.
The Trust will follow the above procedures except for any fiscal year
as to which its reporting obligations under Section 15(d) of the
Exchange Act have been suspended pursuant to such Section. In such
event, the Trust will file a Form 15 as required under Rule 15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company of California, N.A.
S.E.C. Reporting Agent for BA Mortgage Securities, Inc. Mortgage
Pass-Through Certificates, Series 1997-1.
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): September 25,
1997
BA MORTGAGE SECURITIES, INC.
(as the Depositor (the "Depositor"), Bank of America, Federal
Savings Bank and Bank of America National Trust and Savings
Association, as Master Servicers (together the "Master
Servicers"), and Bankers Trust Company of California, N.A.,
as trustee (the "Trustee) under the Pooling and Servicing
Agreement, dated as of August 1, 1997, providing for the
issuance of the Mortgage Pass-Through Certificates, Series
1997-1).
BA MORTGAGE SECURITIES, INC.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-3418 94-324470
(Commission File Number) (I.R.S. Employer Identification No.)
345 MONTGOMERY STREET,
LOWER LEVEL #2, UNIT #8152
SAN FRANCISCO, CALIFORNIA 94104
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (415) 622-3676
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements
to the Certificateholders which was derived from the monthly
information submitted by the Master Servicer of the Trust to the
Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Report to Certificateholders as to distributions made on
September 25, 1997, and filed with the Securities and Exchange Commission
on Form 8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on October
27, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on November
25, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on December
26, 1997, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on January
26, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on February
25, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
Monthly Report to Certificateholders as to distributions made on March
25, 1998, and filed with the Securities and Exchange Commission on Form
8-K on March 30, 1998.
SIGNATURE
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, hereunto duly authorized.
Bankers Trust Company of California,
N.A., not in its individual
capacity, but solely as a duly
authorized agent of the Registrant
pursuant to the Pooling and
Servicing Agreement, dated as of
August 1, 1997.
Date: March 30, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Remittance Statement to the Certificateholders
dated as of September 25, 1997.
Monthly Remittance Statement to the Certificateholders
dated as of October 27, 1997.
Monthly Remittance Statement to the Certificateholders
dated as of November 25, 1997.
Monthly Remittance Statement to the Certificateholders
dated as of December 26, 1997.
Monthly Remittance Statement to the Certificateholders
dated as of January 26, 1998.
Monthly Remittance Statement to the Certificateholders
dated as of February 25, 1998.
Monthly Remittance Statement to the Certificateholders
dated as of March 25, 1998.
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 50.00 0.32 50.00
O 5,249,000.00 5,249,000.00 31,712.71 53,563.08
P 118,268,273.00 118,268,273.00 1,241,816.87 1,162,845.09
Q 21,567,000.00 21,567,000.00 132,097.88 0.00
R 24,683,000.00 24,683,000.00 155,897.83 0.00
S 8,253,400.00 8,253,400.00 0.00 70,135.64
T 125,377,420.00 125,337,420.00 783,608.88 108,472.55
U 287,799,682.00 287,799,682.00 1,702,814.79 2,936,833.14
V 5,369,967.00 5,369,967.00 31,101.06 54,797.48
W 32,267,000.00 32,267,000.00 205,029.90 0.00
X 17,313,492.00 17,313,492.00 0.00 67,571.58
Y 26,922,848.00 26,922,848.00 168,267.80 22,470.37
Z 0.00 0.00 72,176.32 0.00
R-1 50.00 50.00 0.32 50.00
Totals 673,071,182.00 673,071,182.00 4,524,524.68 4,476,788.94
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 50.32 0.00 0.00 0.00
O 85,275.79 0.00 0.00 5,195,436.92
P 2,404,661.96 0.00 0.00 117,105,427.91
Q 132,097.88 0.00 0.00 21,567,000.00
R 155,897.83 0.00 0.00 24,683,000.00
S 70,135.64 0.00 0.00 8,183,264.36
T 892,081.43 0.00 0.00 125,268,947.45
U 4,639,647.93 0.00 0.00 284,862,848.86
V 85,898.54 0.00 0.00 5,315,169.52
W 205,029.90 0.00 0.00 32,267,000.00
X 67,571.58 0.00 0.00 17,245,920.42
Y 190,738.58 0.00 0.00 26,900,377.63
Z 72,176.32 0.00 0.00 0.00
R-1 50.32 0.00 0.00 0.00
Totals 9,001,313.62 0.00 0.00 668,594,393.07
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 1,000.000000 6.487259 1,000.000000 1,006.487259
O 1,000.000000 6.041667 10.204435 16.246102
P 1,000.000000 10.500000 9.832266 20.332266
Q 1,000.000000 6.125000 0.000000 6.125000
R 1,000.000000 6.316000 0.000000 6.316000
S 1,000.000000 0.000000 8.497788 8.497788
T 1,000.000000 6.250000 0.865168 7.115168
U 1,000.000000 5.916667 10.204435 16.121102
V 1,000.000000 5.791667 10.204435 15.996102
W 1,000.000000 6.354167 0.000000 6.354167
X 1,000.000000 0.000000 3.902828 3.902828
Y 1,000.000000 6.250000 0.834621 7.084621
Z 0.000000 0.107234 0.000000 0.107234
R-I 055240AX3 1,000.000000 6.400000 1,000.000000 1,006.400000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 989.795565 7.250000% 7.250000%
P 990.167734 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 991.502212 0.000000% 0.000000%
T 999.134832 7.500000% 7.500000%
U 989.795565 7.100000% 7.100000%
V 989.795565 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 996.097172 0.000000% 0.000000%
Y 999.165379 7.500000% 7.500000%
Z 0.000000 0.259650% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: August 29, 1997 Irvine, CA 92714
Distribution Date: September 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 5,249,000.00 31,712.71 53,563.08
A-2 118,268,273.00 118,268,273.00 853,749.10 1,162,845.09
A-3 0.00 0.00 388,067.77 0.00
A-4 21,567,000.00 21,567,000.00 132,097.88 0.00
A-5 24,683,000.00 24,683,000.00 149,129.46 0.00
A-6 8,253,400.00 8,253,400.00 0.00 70,135.64
A-7 125,377,420.00 125,377,420.00 783,608.88 108,472.55
A-8 245,698,788.00 245,698,788.00 1,453,717.83 2,507,217.31
A-9 5,369,967.00 5,369,967.00 31,101.06 54,797.48
A-10 25,000,000.00 25,000,000.00 147,916.67 0.00
A-11 17,100,894.00 17,100,894.00 101,180.29 429,615.84
A-12 32,267,000.00 32,267,000.00 194,946.46 0.00
A-13 0.00 0.00 16,854.81 0.00
X 0.00 0.00 72,176.32 0.00
PO 17,313,492.00 17,313,492.00 0.00 67,571.58
Totals 646,148,234.00 646,148,234.00 4,356,256.24 4,454,218.57
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 85,275.79 0.00 0.00 5,195,436.92
A-2 2,016,594.19 0.00 0.00 117,105,427.91
A-3 388,067.77 0.00 0.00 0.00
A-4 132,097.88 0.00 0.00 21,567,000.00
A-5 149,126.46 0.00 0.00 24,683,000.00
A-6 70,135.64 0.00 0.00 8,183,264.36
A-7 892,081.43 0.00 0.00 125,268,947.45
A-8 3,960,935.14 0.00 0.00 243,191,570.69
A-9 85,898.54 0.00 0.00 5,315,169.52
A-10 147,916.67 0.00 0.00 25,000,000.00
A-11 530,796.13 0.00 0.00 16,671,278.16
A-12 194,946.46 0.00 0.00 32,267,000.00
A-13 16,854.81 0.00 0.00 0.00
X 72,176.32 0.00 0.00 0.00
PO 67,571.58 0.00 0.00 17,245,920.42
Totals 8,810,474.81 0.00 0.00 641,694,015.43
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 1,000.000000 6.041667 10.204435 16.246102
A-2 055240AE5 1,000.000000 7.218750 9.832266 17.051016
A-3 055240AF2 0.000000 0.600586 0.000000 0.600586
A-4 055240AG0 1,000.000000 6.125000 0.000000 6.125000
A-5 055240AH8 1,000.000000 6.041667 0.000000 6.041667
A-6 055240AJ4 1,000.000000 0.000000 8.497788 8.497788
A-7 055240AK1 1,000.000000 6.250000 0.865168 7.115168
A-8 055240AL9 1,000.000000 5.916667 10.204435 16.121102
A-9 055240AM7 1,000.000000 5.791667 10.204435 15.996102
A-10 055240AN5 1,000.000000 5.976667 0.000000 5.916667
A-11 055240AP0 1,000.000000 5.976667 25.122420 31.039086
A-12 055240AQ8 1,000.000000 6.041667 0.000000 6.041667
A-13 055240AR6 0.000000 0.026085 0.000000 0.026085
X 055240AS4 0.000000 0.111702 0.000000 0.111702
PO 055240AT2 1,000.000000 0.000000 3.902828 3.902828
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 989.795565 7.250000% 7.250000%
A-2 990.167734 6.187500% 6.187500%
A-3 0.000000 2.812500% 2.812500%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 991.502212 0.000000% 0.000000%
A-7 999.134832 7.500000% 7.500000%
A-8 989.795565 7.100000% 7.100000%
A-9 989.795565 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 974.877580 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 996.097172 0.000000% 0.000000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: August 29, 1997 Irvine, CA 92714
Distribution Date: September 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,144,101.00 94,950.63 12,639.58
B-1 5,048,033.00 5,048,033.00 31,550.21 4,213.19
B-2 2,355,749.00 2,355,749.00 14,723.43 1.966.16
B-3 1,682,677.00 1,682,677.00 10,516.73 1,404.40
B-4 1,346,142.00 1,346,142.00 8,413.39 1,123.52
B-5 1,346,146.00 1,346,146.00 8,413.41 1,123.52
R-II 50.00 50.00 0.32 50.00
Totals 26,922,898.00 26,922,898.00 168,268.12 22,520.37
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 107,290.21 0.00 0.00 15,131,461.42
B-1 35,763.40 0.00 0.00 5,043,819.81
B-2 16,689.59 0.00 0.00 2,353,782.84
B-3 11,921.13 0.00 0.00 1,681,272.60
B-4 9,536.91 0.00 0.00 1,345,018.48
B-5 9,536.93 0.00 0.00 1,345,022.48
R-II 50.32 0.00 0.00 0.00
Totals 190,788.49 0.00 0.00 26,900,377.63
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 1,000.000000 6.250000 0.834621 7.084621
B-1 055240AV7 1,000.000000 6.250001 0.834620 7.084621
B-2 055240AW5 1,000.000000 6.249999 0.834622 7.094621
B-3 055240AA3 1,000.000000 6.249999 0.834622 7.084622
B-4 055240AB1 1,000.000000 6.250002 0.834622 7.094624
B-5 055240AC9 1,000.000000 6.249998 0.834617 7.084615
R-II 055240AY1 1,000.000000 6.487259 1000.000000 1,006.487259
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 999.165379 7.250000% 7.250000%
B-1 990.167734 6.187500% 6.187500%
B-2 999.165378 2.812500% 2.812500%
B-3 999.165378 7.350000% 7.350000%
B-4 999.165378 0.000000% 0.000000%
B-5 999.165383 7.500000% 7.500000%
R-II 0.000000 7.100000% 7.100000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: August 29, 1997 Irvine, CA 92714
Distribution Date: September 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: September 25,1997
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,300
Ending Number of Loans in Pool 2,289
Beginning Balance of Pool 673,071,182.00
Less: Scheduled Principal 680,851.18
Principal Prepayments 3,795,937.05
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (4,476,788.23)
Ending Balance of Pool 668,594,393.77
Weighted Average Remaining Term to Maturity 326
Weighted Average Mortgage Rate 7.686333%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Pool Balance 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 140,545.58
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 6,214.09
Delinquent Services Fees 64.83 (5,278.92)
Servicing Fees Collected for the Current Due Period 134,266.66
Advanced Principal 359.07
Advanced Interest 2,009.80
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: September 25, 1997
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 46,979.30 0.00 0.00 0.00 0.00
A-2 1,019,912.50 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00
A-6 61,514.83 0.00 0.00 0.00 0.00
A-7 0.00 0.00 0.00 0.00 0.00
A-8 2,199,039.48 0.00 0.00 0.00 0.00
A-9 48,061.98 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00
A-11 346,809.05 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00
PO 43,532.20 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 3,795,849.34 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.89%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 26,966311
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 13,461,423.64
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,126.46
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 5,195,436.92 31,389.10 66,783.61
P 118,268,273.00 117,105,427.91 878,290.71 1,449,860.59
Q 21,567,000.00 21,567,000.00 132,097.88 0.00
R 24,683,000.00 24,683,000.00 155,897.83 0.00
S 8,253,400.00 8,253,400.00 0.00 87,444.57
T 125,377,420.00 125,268,947.45 782,930.92 109,376.23
U 287,799,682.00 284,862,848.86 1,685,438.53 3,661,707.53
V 5,369,967.00 5,315,169.52 30,783.69 68,322.69
W 32,267,000.00 32,267,000.00 205,029.90 0.00
X 17,313,492.00 17,245,920.42 0.00 72,428.08
Y 26,922,848.00 26,900,377.63 168,127.35 22,654.97
Z 0.00 0.00 71,129.49 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 668,594,393.06 4,141,115.40 5,538,578.27
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 00.00 0.00 0.00 0.00
O 98,172.71 0.00 0.00 5,128,653.31
P 2,328,151.30 0.00 0.00 115,655,567.32
Q 132,097.88 0.00 0.00 21,567,000.00
R 155,897.83 0.00 0.00 24,683,000.00
S 87,444.57 0.00 0.00 8,095,819.79
T 892,307.15 0.00 0.00 125,159,571.22
U 5,347,146.06 0.00 0.00 281,201,141.33
V 99,106.38 0.00 0.00 5,246,846.83
W 205,029.90 0.00 0.00 32,267,000.00
X 72,428.08 0.00 0.00 17,173,492.34
Y 190,782.32 0.00 0.00 26,877,722.66
Z 71,129.49 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 9,679,693.67 0.00 0.00 663,055,814.79
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.010205 0.000000 0.010205
O 989.795565 5.980015 12.723112 18.703127
P 990.167734 7.426258 12.259083 19.685341
Q 1,000.000000 6.125000 0.000000 6.125000
R 1,000.000000 6.316000 0.000000 6.316000
S 991.502212 0.000000 10.594975 10.594975
T 999.134832 6.244593 0.872376 7.116968
U 989.795565 5.856290 12.723112 18.579402
V 989.795565 5.732566 12.723112 18.455678
W 1,000.000000 6.354167 0.000000 6.354167
X 996.097172 0.000000 4.183332 4.183332
Y 999.165379 6.244783 0.841477 7.086261
Z 0.000000 0.105679 0.000000 0.105679
R-I 055240AX3 1,000.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 977.072453 7.250000% 7.250000%
P 977.908651 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 980.907237 0.000000% 0.000000%
T 998.262456 7.500000% 7.500000%
U 977.072453 7.100000% 7.100000%
V 977.072453 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 991.913840 0.000000% 0.000000%
Y 998.323902 7.500000% 7.500000%
Z 0.000000 0.258592% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92714
Distribution Date: October 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 5,195,436.92 31,389.10 66,783.61
A-2 118,268,273.00 117,105,427.91 600,775.24 1,449,860.59
A-3 0.00 0.00 277,515.47 0.00
A-4 21,567,000.00 21,567,000.00 132,097.88 0.00
A-5 24,683,000.00 24,683,000.00 149,126.46 0.00
A-6 8,253,400.00 8,183,264.36 0.00 87,444.57
A-7 125,377,420.00 125,268,947.45 782,930.92 109,376.23
A-8 245,698,788.00 243,191,570.69 1,438,883.46 3,126,053.15
A-9 5,369,967.00 5,315,169.52 30,783.69 68,322.69
A-10 25,000,000.00 25,000,000.00 147,916.67 0.00
A-11 17,100,894.00 16,671,278.16 98,638.40 535,654.38
A-12 32,267,000.00 32,267,000.00 194,946.46 0.00
A-13 0.00 0.00 16,854.81 0.00
X 0.00 0.00 71,129.49 0.00
PO 17,313,492.00 17,245,920.42 0.00 72,428.08
Totals 646,148,234.00 641,694,015.43 3,972,988.05 5,515,923.30
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 98,172.71 0.00 0.00 5,128,653.31
A-2 2,050,635.83 0.00 0.00 115,655,567.32
A-3 277,515.47 0.00 0.00 0.00
A-4 132,097.88 0.00 0.00 21,567,000.00
A-5 149,126.46 0.00 0.00 24,683,000.00
A-6 87,444.57 0.00 0.00 8,095,819.79
A-7 892,307.15 0.00 0.00 125,159,571.22
A-8 4,564,936.61 0.00 0.00 240,065,517.54
A-9 99,106.38 0.00 0.00 5,246,846.83
A-10 147,916.67 0.00 0.00 25,000,000.00
A-11 634,292.78 0.00 0.00 16,135,623.78
A-12 194,946.46 0.00 0.00 32,267,000.00
A-13 16,854.81 0.00 0.00 0.00
X 71,129.49 0.00 0.00 0.00
PO 72,428.08 0.00 0.00 17,173,792.34
Totals 9,488,911.35 0.00 0.00 636,178,092.13
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 989.795565 5.980015 12.723112 18.703127
A-2 055240AE5 990.167734 5.079767 12.259083 17.338850
A-3 055240AF2 0.000000 0.429492 0.000000 0.429492
A-4 055240AG0 1,000.000000 6.125000 0.000000 6.125000
A-5 055240AH8 1,000.000000 6.041667 0.000000 6.041667
A-6 055240AJ4 991.502212 0.000000 10.594975 10.594975
A-7 055240AK1 999.134832 6.244593 0.872376 7.116968
A-8 055240AL9 989.795565 5.856290 12.723112 18.579402
A-9 055240AM7 989.795565 5.732566 12.723112 18.455678
A-10 055240AN5 1,000.000000 5.916667 0.000000 5.916667
A-11 055240AP0 974.877580 5.768026 31.323180 37.091206
A-12 055240AQ8 1,000.000000 6.041667 0.000000 6.041667
A-13 055240AR6 0.000000 0.026085 0.000000 0.026085
X 055240AS4 0.000000 0.110082 0.000000 0.110082
PO 055240AT2 996.097172 0.000000 4.183332 4.183332
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 977.072453 7.250000% 7.250000%
A-2 977.908651 6.156250% 6.156250%
A-3 0.000000 2.843750% 2.843750%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 980.907237 0.000000% 0.000000%
A-7 998.262456 7.500000% 7.500000%
A-8 977.072453 7.100000% 7.100000%
A-9 977.072453 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 943.554400 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 991.913840 0.000000% 0.000000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92714
Distribution Date: October 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,131,461.42 94,571.63 12,743.42
B-1 5,048,033.00 5,043,819.81 31,523.21 4,247.81
B-2 2,355,749.00 2,353,782.84 14,711.14 1.982.31
B-3 1,682,677.00 1,681,272.60 10,507.95 1,415.93
B-4 1,346,142.00 1,345,018.48 8,406.37 1,132.75
B-5 1,346,146.00 1,345,022.00 8,406.39 1,132.75
R-II 50.00 0.00 0.00 0.00
Totals 26,922,898.00 26,900,377.63.00 168,127.35 22,654.97
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 107,315.05 0.00 0.00 15,118,718.00
B-1 35,771.68 0.00 0.00 5,039,572.00
B-2 16,693.45 0.00 0.00 2,351,800.53
B-3 11,923.88 0.00 0.00 1,679,856.67
B-4 9,536.12 0.00 0.00 1,343,885.73
B-5 9,539.14 0.00 0.00 1,345,889.73
R-II 0.00 0.00 0.00 0.00
Totals 190,782.32 0.00 0.00 26,877,722.66
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 999.165379 6.244783 0.841477 7.086261
B-1 055240AV7 999.165380 6.244783 0.841478 7.086261
B-2 055240AW5 999.165378 6.244782 0.841478 7.086260
B-3 055240AA3 999.165378 6.244781 0.841475 7.086256
B-4 055240AB1 999.165378 6.244787 0.841479 7.086266
B-5 055240AC9 999.165379 6.244783 0.848476 7.086259
R-II 055240AY1 000.000000 0.010205 0.000000 0.010205
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 998.323902 7.500000% 7.500000%
B-1 998.323902 7.500000% 7.500000%
B-2 998.323900 7.500000% 7.500000%
B-3 998.323903 7.500000% 7.500000%
B-4 998.323899 7.500000% 7.500000%
B-5 998.323903 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: September 30, 1997 Irvine, CA 92714
Distribution Date: October 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: October 25,1997
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,289
Ending Number of Loans in Pool 2,289
Beginning Balance of Pool 668,594,393.77
Less: Scheduled Principal 683,213.98
Principal Prepayments 4,855,365.00
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (5,538,578.98)
Ending Balance of Pool 663,055,814.79
Weighted Average Remaining Term to Maturity 325
Weighted Average Mortgage Rate 7.684784%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Pool Balance 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 139,612.03
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 16,498.83
Delinquent Services Fees 0.00 (16,498.83)
Servicing Fees Collected for the Current Due Period 123,113.20
Advanced Principal 0.00
Advanced Interest 0.00
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: October 25, 1997
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 60,185.98 0.00 0.00 0.00 0.00
A-2 1,306,627.09 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00
A-6 78,805.81 0.00 0.00 0.00 0.00
A-7 0.00 0.00 0.00 0.00 0.00
A-8 2,817,226.54 0.00 0.00 0.00 0.00
A-9 61,573.01 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00
A-11 482,736.43 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00
PO 48,209.43 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 4,855,364.29 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 96.56%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 22,654.97
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 13,371,887.88
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,126.46
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 5,128,653.31 30,985.61 62,914.40
P 118,268,273.00 115,655,567.32 867,416.76 1,365,960.58
Q 21,567,000.00 21,567,000.00 132,097.88 0.00
R 24,683,000.00 24,683,000.00 155,897.83 0.00
S 8,253,400.00 8,095,819.79 0.00 82,378.33
T 125,377,420.00 125,159,571.22 782,247.32 175,937.14
U 287,799,682.00 281,201,141.33 1,663,773.43 3,449,560.61
V 5,369,967.00 5,246,846.83 30,387.99 64,364.31
W 32,267,000.00 32,267,000.00 205,029.90 0.00
X 17,313,492.00 17,173,492.34 0.00 86,558.71
Y 26,922,848.00 26,877,722.66 167,985.77 36,437.39
Z 0.00 0.00 69,933.18 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 663,055,814.79 4,105,755.67 5,324,011.46
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 00.00 0.00 0.00 0.00
O 93,900.01 0.00 0.00 5,065,738.91
P 2,233,277.34 0.00 0.00 114,289,706.74
Q 132,097.88 0.00 0.00 21,567,000.00
R 155,897.83 0.00 0.00 24,683,000.00
S 82,378.33 0.00 0.00 8,013,441.46
T 958,184.46 0.00 0.00 124,983,634.08
U 5,113,334.04 0.00 0.00 277,751,580.72
V 94,752.30 0.00 0.00 5,182,482.53
W 205,029.90 0.00 0.00 32,267,000.00
X 86,558.71 0.00 0.00 17,086,933.63
Y 204,423.16 0.00 0.00 26,841,285.27
Z 69,933.18 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 9,429,767.13 0.00 0.00 657,731,803.33
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.000000 0.000000 0.000000
O 977.072453 5.903145 11.985978 17.889123
P 977.908651 7.334315 11.548833 18.883148
Q 1,000.000000 6.125000 0.000000 6.125000
R 1,000.000000 6.316000 0.000000 6.316000
S 980.907237 0.000000 9.981138 9.981138
T 998.262456 6.239140 1.403260 7.642401
U 977.072453 5.781012 11.985978 17.766990
V 977.072453 5.658878 11.985978 17.644856
W 1,000.000000 6.354167 0.000000 6.354167
X 991.913840 0.000000 4.99495 4.999495
Y 998.323902 6.239525 1.353495 7.592925
Z 0.000000 0.103902 0.000000 0.103902
R-I 055240AX3 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 965.086475 7.250000% 7.250000%
P 966.359818 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 970.926098 0.000000% 0.000000%
T 996.859196 7.500000% 7.500000%
U 965.086475 7.100000% 7.100000%
V 965.086475 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 986.914346 0.000000% 0.000000%
Y 996.970501 7.500000% 7.500000%
Z 0.000000 0.257342% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92714
Distribution Date: November 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 5,128,653.31 30,985.61 62,914.40
A-2 118,268,273.00 115,655,567.32 593,337.16 1,365,860.58
A-3 0.00 0.00 274,079.60 0.00
A-4 21,567,000.00 21,567,000.00 132,097.88 0.00
A-5 24,683,000.00 24,683,000.00 149,126.46 0.00
A-6 8,253,400.00 8,095,819.79 0.00 82,378.33
A-7 125,377,420.00 125,159,571.22 782,930.92 175,937.14
A-8 245,698,788.00 240,065,517.54 1,420,387.65 2,944,940.22
A-9 5,369,967.00 5,246,846.83 30,387.99 64,364.31
A-10 25,000,000.00 25,000,000.00 147,916.67 0.00
A-11 17,100,894.00 16,135,623.78 98,469.11 504,620.38
A-12 32,267,000.00 32,267,000.00 194,946.46 0.00
A-13 0.00 0.00 16,854.81 0.00
X 0.00 0.00 69,933.18 0.00
PO 17,313,492.00 17,173,492.34 0.00 86,558.71
Totals 646,148,234.00 636,178,092.13 3,937,769.90 5,287,574.07
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 93,900.01 0.00 0.00 5,065,738.91
A-2 1,595,197.74 0.00 0.00 114,289,706.74
A-3 274,079.60 0.00 0.00 0.00
A-4 132,097.88 0.00 0.00 21,567,000.00
A-5 149,126.46 0.00 0.00 24,683,000.00
A-6 87,378.33 0.00 0.00 8,013,441.46
A-7 958,184.46 0.00 0.00 124,983,634.08
A-8 4,365,327.87 0.00 0.00 237,120,577.32
A-9 94,752.30 0.00 0.00 5,182,482.53
A-10 147,916.67 0.00 0.00 25,000,000.00
A-11 600,089.49 0.00 0.00 15,631,003.40
A-12 194,946.46 0.00 0.00 32,267,000.00
A-13 16,854.81 0.00 0.00 0.00
X 69,933.18 0.00 0.00 0.00
PO 86,558.71 0.00 0.00 17,086,933.63
Totals 9,225,343.97 0.00 0.00 630,890,518.06
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 977.072453 5.903145 11.985978 17.889123
A-2 055240AE5 977.908651 5.016875 11.548833 16.565709
A-3 055240AF2 0.000000 0.424174 0.000000 0.424174
A-4 055240AG0 1,000.000000 6.125000 0.000000 6.125000
A-5 055240AH8 1,000.000000 6.041667 0.000000 6.041667
A-6 055240AJ4 980.907237 0.000000 9.981138 9.981138
A-7 055240AK1 998.262456 6.239140 1.403260 7.642401
A-8 055240AL9 977.072453 5.781012 11.985978 17.766990
A-9 055240AM7 977.072453 5.658878 11.985978 17.644856
A-10 055240AN5 1,000.000000 5.916667 0.000000 5.916667
A-11 055240AP0 943.554400 5.582697 29.508421 35.091118
A-12 055240AQ8 1,000.000000 6.041667 0.000000 6.041667
A-13 055240AR6 0.000000 0.026085 0.000000 0.026085
X 055240AS4 0.000000 0.108231 0.000000 0.108231
PO 055240AT2 991.913840 0.000000 4.999495 4.999495
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 965.086475 7.250000% 7.250000%
A-2 966.359818 6.156250% 6.156250%
A-3 0.000000 2.843750% 2.843750%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 970.926098 0.000000% 0.000000%
A-7 996.859196 7.500000% 7.500000%
A-8 965.086475 7.100000% 7.100000%
A-9 965.086475 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 914.045979 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 986.914346 0.000000% 0.000000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: October 31, 1997 Irvine, CA 92714
Distribution Date: November 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,118,718.00 94,491.99 20,496.03
B-1 5,048,033.00 5,039,572.00 31,497.33 6,832.01
B-2 2,355,749.00 2,351,800.53 14,698.75 3.188.27
B-3 1,682,677.00 1,679,856.67 10,499.10 2,277.34
B-4 1,346,142.00 1,343,885.73 8,399.29 1,821.87
B-5 1,346,146.00 1,343,889.73 8,399.31 1,821.87
R-II 50.00 0.00 0.00 0.00
Totals 26,922,898.00 26,877,722.66 167,985.77 36,437.39
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 114,988.02 0.00 0.00 15,098,221.97
B-1 38,329.34 0.00 0.00 5,032,739.99
B-2 17,887.02 0.00 0.00 2,348,612.26
B-3 12,776.44 0.00 0.00 1,677,579.33
B-4 10,221.16 0.00 0.00 1,342,063.86
B-5 10,221.18 0.00 0.00 1,342,067.86
R-II 0.00 0.00 0.00 0.00
Totals 204,423.16 0.00 0.00 26,841,285.27
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 998.323902 6.239525 1.353400 7.592925
B-1 055240AV7 998.323902 6.239525 1.353400 7.592926
B-2 055240AW5 998.323900 6.239523 1.353400 7.592923
B-3 055240AA3 998.323903 6.239522 1.353403 7.592925
B-4 055240AB1 998.323899 6.239527 1.353401 7.592929
B-5 055240AC9 998.323903 6.239524 1.353398 7.592922
R-II 055240AY1 000.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 996.970502 7.500000% 7.500000%
B-1 996.970501 7.500000% 7.500000%
B-2 996.970501 7.500000% 7.500000%
B-3 996.970500 7.500000% 7.500000%
B-4 996.970498 7.500000% 7.500000%
B-5 996.970506 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Dave Co
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: October 30, 1997 Irvine, CA 92714
Distribution Date: November 25, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: November 25,1997
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,273
Ending Number of Loans in Pool 2,257
Beginning Balance of Pool 663,055,814.79
Less: Scheduled Principal 682,638.95
Principal Prepayments 4,641,372.51
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (5,324,011.46)
Ending Balance of Pool 657,731,803.33
Weighted Average Remaining Term to Maturity 324
Weighted Average Mortgage Rate 7.682891%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
% of Pool Balance 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 0 0
% of Loans 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 138,457.02
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 14,779.54
Delinquent Services Fees 0.00 (14,779.54)
Servicing Fees Collected for the Current Due Period 123,677.48
Advanced Principal 0.00
Advanced Interest 0.00
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: November 25, 1997
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 57,331.46 0.00 0.00 0.00 0.00
A-2 1,244,655.95 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00
A-6 75,068.19 0.00 0.00 0.00 0.00
A-7 0.00 0.00 0.00 0.00 0.00
A-8 2,683,610.20 0.00 0.00 0.00 0.00
A-9 58,652.70 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00
A-11 459,841.05 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00
PO 62,212.96 0.00 0.00 0.00 0.00
M 0.00 0.00 0.00 0.00 0.00
B-1 0.00 0.00 0.00 0.00 0.00
B-2 0.00 0.00 0.00 0.00 0.00
B-3 0.00 0.00 0.00 0.00 0.00
B-4 0.00 0.00 0.00 0.00 0.00
B-5 0.00 0.00 0.00 0.00 0.00
TOTALS 4,641,372.51 0.00 0.00 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.84%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 27,394.19
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 13,261,116.30
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,126.46
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 5,065,738.91 30,598.74 97,777.87
P 118,268,273.00 114,289,706.74 856,983.11 2,122,740.49
Q 21,567,000.00 21,567,000.00 132,068.65 0.00
R 24,683,000.00 24,683,000.00 155,862.60 0.00
S 8,253,400.00 8,013,441.46 0.00 128,027.57
T 125,377,420.00 124,983,634.08 780,974.85 133,118.87
U 287,799,682.00 277,751,580.72 1,642,999.86 5,361,104.99
V 5,369,967.00 5,182,482.53 30,008.57 100,031.23
W 32,267,000.00 32,267,000.00 204,985.26 0.00
X 17,313,492.00 17,086,933.63 0.00 112,357.90
Y 26,922,848.00 26,841,285.27 167,720.90 27,562.13
Z 0.00 0.00 69,054.45 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 657,731,803.33 4,071,256.99 8,082,721.05
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 0.00 0.00 0.00 0.00
O 128,376.61 0.00 0.00 4,967,961.04
P 2,979,723.60 0.00 0.00 112,166,966.25
Q 132,068.65 0.00 0.00 21,567,000.00
R 155,862.60 0.00 0.00 24,683,000.00
S 128,027.57 0.00 0.00 7,885,413.89
T 914,093.72 0.00 0.00 124,850,515.21
U 7,004,104.85 0.00 0.00 272,390,475.73
V 130,039.80 0.00 0.00 5,082,451.29
W 204,985.26 0.00 0.00 32,267,000.00
X 112,357.90 0.00 0.00 16,974,575.73
Y 195,283.03 0.00 0.00 26,813,723.14
Z 69,054.45 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 12,153,978.04 0.00 0.00 649,649,082.28
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.000000 0.000000 0.000000
O 965.086475 5.829442 18.627904 24.457346
P 966.359818 7.246095 17.948520 25.194615
Q 1,000.000000 6.123645 0.000000 6.123645
R 1,000.000000 6.314573 0.000000 6.314573
S 970.926098 0.000000 15.512101 15.512101
T 996.859196 6.228991 1.061745 7.290736
U 965.086475 5.708831 18.627904 24.336736
V 965.086475 5.588222 18.627904 24.216127
W 1,000.000000 6.352783 0.000000 6.352783
X 986.914346 0.000000 6.489615 6.489615
Y 996.970501 6.229686 1.023745 7.253431
Z 0.000000 0.207016 0.000000 0.207016
R-I 055240AX3 0.000000 0.00000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 946.458571 7.250000% 7.250000%
P 948.411297 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 955.413998 0.000000% 0.000000%
T 995.797451 7.500000% 7.500000%
U 946.458571 7.100000% 7.100000%
V 946.458571 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 980.424731 0.000000% 0.000000%
Y 995.946756 7.500000% 7.500000%
Z 0.000000 0.256753% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: November 28 1997 Irvine, CA 92714
Distribution Date: December 26, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 5,065,738.91 30,598.74 97,777.87
A-2 118,268,273.00 114,289,706.74 589,175.89 2,122,740.49
A-3 0.00 0.00 267,807.22 0.00
A-4 21,567,000.00 21,567,000.00 132,068.65 0.00
A-5 24,683,000.00 24,683,000.00 149,093.46 0.00
A-6 8,253,400.00 8,013,441.46 0.00 128,027.57
A-7 125,377,420.00 124,983,634.08 780,974.85 133,118.87
A-8 245,698,788.00 237,120,577.32 1,402,652.95 4,576,583.55
A-9 5,369,967.00 5,182,482.53 30,008.57 100,031.23
A-10 25,000,000.00 25,000,000.00 147,883.94 0.00
A-11 17,100,894.00 15,631,003.40 92,462.97 784,251.43
A-12 32,267,000.00 32,267,000.00 194,903.32 0.00
A-13 0.00 0.00 16,851.08 0.00
X 0.00 0.00 69,054.45 0.00
PO 17,313,492.00 17,086,933.63 0.00 112,357.90
Totals 646,148,234.00 630,890,518.06 3,903,536.09 8,055,158.92
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 128,376.61 0.00 0.00 4,967,961.04
A-2 2,711,916.38 0.00 0.00 112,166,966.25
A-3 267,807.22 0.00 0.00 0.00
A-4 132,068.65 0.00 0.00 21,567,000.00
A-5 149,093.46 0.00 0.00 24,683,000.00
A-6 128,027.57 0.00 0.00 7,885,413.89
A-7 914,093.72 0.00 0.00 124,850,515.21
A-8 5,979,506.50 0.00 0.00 232,543,723.76
A-9 130,039.80 0.00 0.00 5,082,451.29
A-10 147,883.94 0.00 0.00 25,000,000.00
A-11 876,714.40 0.00 0.00 14,846,751.97
A-12 194,903.32 0.00 0.00 32,267,000.00
A-13 16,851.08 0.00 0.00 0.00
X 69,054.45 0.00 0.00 0.00
PO 112,357.90 0.00 0.00 16,974,575.73
Totals 11,958,695.01 0.00 0.00 622,835,359.14
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 965.086475 5.829442 18.627904 24.457346
A-2 055240AE5 966.359818 4.981690 17.948520 22.930201
A-3 055240AF2 0.000000 2.264405 0.000000 2.264405
A-4 055240AG0 1,000.000000 6.123645 0.000000 6.123645
A-5 055240AH8 1,000.000000 6.040330 0.000000 6.040330
A-6 055240AJ4 970.626098 0.000000 15.512101 15.512101
A-7 055240AK1 996.859196 6.228991 1.061745 7.290736
A-8 055240AL9 965.086475 5.708831 18.627904 24.336736
A-9 055240AM7 965.086475 5.588222 18.627904 24.216127
A-10 055240AN5 1,000.000000 5.915358 0.000000 5.915358
A-11 055240AP0 914.045979 5.406909 45.860259 51.267168
A-12 055240AQ8 1,000.000000 6.040330 0.000000 6.040330
A-13 055240AR6 0.000000 6.352764 0.000000 6.352764
X 055240AS4 0.000000 5.979665 0.000000 5.979665
PO 055240AT2 986.914346 0.000000 6.489615 6.489615
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 946.458571 7.250000% 7.250000%
A-2 948.411297 6.187500% 6.125000%
A-3 0.000000 2.812500% 2.875000%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 955.413998 0.000000% 0.000000%
A-7 995.797451 7.500000% 7.500000%
A-8 946.458571 7.100000% 7.100000%
A-9 946.458571 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 868.185720 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 980.424731 0.000000% 0.000000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: November 28 1997 Irvine, CA 92714
Distribution Date: December 26, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,098,221.97 94,343.01 15,503.70
B-1 5,048,033.00 5,032,739.99 31,447.66 5,167.90
B-2 2,355,749.00 2,348,612.26 14,675.58 2,411.69
B-3 1,682,677.00 1,677,579.33 10,482.55 1,722.63
B-4 1,346,142.00 1,342,063.86 8,386.04 1,378.11
B-5 1,346,146.00 1,342,067.86 8,386.06 1,378.10
R-II 50.00 0.00 0.00 0.00
Totals 26,922,898.00 26,841,285.27 167,720.90 27,562.13
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 109,846.71 0.00 0.00 15,082,718.27
B-1 36,615.56 0.00 0.00 5,027,572.09
B-2 17,087.27 0.00 0.00 2,346,200.57
B-3 12,205.18 0.00 0.00 1,675,856.70
B-4 9,764.15 0.00 0.00 1,340,685.75
B-5 9,764.16 0.00 0.00 1,340,689.76
R-II 0.00 0.00 0.00 0.00
Totals 195,283.03 0.00 0.00 26,813,723.14
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 996.970502 6.229687 1.023745 7.253432
B-1 055240AV7 996.970501 6.229686 1.023745 7.253431
B-2 055240AW5 996.970501 6.229687 1.023747 7.253434
B-3 055240AA3 996.970500 6.229686 1.023744 7.253430
B-4 055240AB1 996.970498 6.229685 1.023748 7.253432
B-5 055240AC9 996.970506 6.229681 1.023737 7.253418
R-II 055240AY1 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 995.946756 7.500000% 7.500000%
B-1 995.946756 7.500000% 7.500000%
B-2 995.946754 7.500000% 7.500000%
B-3 995.946756 7.500000% 7.500000%
B-4 995.946750 7.500000% 7.500000%
B-5 995.946768 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: November 28 1997 Irvine, CA 92714
Distribution Date: December 26, 1997 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: December 26, 1997
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,257
Ending Number of Loans in Pool 2,234
Beginning Balance of Pool 657,731,803.33
Less: Scheduled Principal 682,344.71
Principal Prepayments 7,400,376.34
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (8,082,721.05)
Ending Balance of Pool 649,649,082.28
Weighted Average Remaining Term to Maturity 322
Weighted Average Mortgage Rate 7.681758%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 548,466.61 0.00 0.00 0.00 0.00 0.00
% of Pool Balance 0.0844% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 2 0 0 0 0 0
% of Loans 0.0895% 0.0000% 0.0000% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 137,346.82
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 22,596.56
Delinquent Services Fees 9,961.03 (32,557.59)
Servicing Fees Collected for the Current Due Period 104,789.23
Advanced Principal 46,636.98
Advanced Interest 298,596.37
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: December 26 1997
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 91,553.27 0.00 6.77 0.00 0.00
A-2 1,987,605.57 0.00 130.41 0.00 0.00
A-3 0.00 0.00 59.28 0.00 0.00
A-4 0.00 0.00 29.23 0.00 0.00
A-5 0.00 0.00 33.00 0.00 0.00
A-6 119,877.26 0.00 0.00 0.00 0.00
A-7 0.00 0.00 172.86 0.00 0.00
A-8 4,285,488.35 0.00 310.47 0.00 0.00
A-9 93,663.18 0.00 6.64 0.00 0.00
A-10 0.00 0.00 32.73 0.00 0.00
A-11 734,325.52 0.00 20.47 0.00 0.00
A-12 0.00 0.00 43.14 0.00 0.00
A-13 0.00 0.00 3.73 0.00 0.00
X 0.00 0.00 15.29 0.00 0.00
PO 87,863.18 0.00 0.00 0.00 0.00
M 0.00 0.00 20.88 0.00 0.00
B-1 0.00 0.00 6.96 0.00 0.00
B-2 0.00 0.00 3.25 0.00 0.00
B-3 0.00 0.00 2.32 0.00 0.00
B-4 0.00 0.00 1.86 0.00 0.00
B-5 0.00 0.00 1.86 0.00 0.00
TOTALS 7,400,376.34 0.00 901.15 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.81%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 27,562.13
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 13,154,636.07
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,126.46
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 4,967,961.04 30,012.53 101,671.75
P 118,268,273.00 112,166,966.25 841,189.67 2,207,275.93
Q 21,567,000.00 21,567,000.00 132,088.06 0.00
R 24,683,000.00 24,683,000.00 155,885.99 0.00
S 8,253,400.00 7,885,413.89 0.00 133,126.11
T 125,377,420.00 124,850,515.21 780,257.68 134,452.42
U 287,799,682.00 272,390,475.73 1,611,523.79 5,574,604.17
V 5,369,967.00 5,082,451.29 29,433.67 104,014.85
W 32,267,000.00 32,267,000.00 205,014.90 0.00
X 17,313,492.00 16,974,575.73 0.00 118,140.28
Y 26,922,848.00 26,813,723.14 167,573.31 27,833.92
Z 0.00 0.00 67,160.46 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 649,649,082.28 4,020,140.06 8,401,119.42
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 0.00 0.00 0.00 0.00
O 131,684.28 0.00 0.00 4,866,289.29
P 3,048,465.60 0.00 0.00 109,959,690.32
Q 132,088.06 0.00 0.00 21,567,000.00
R 155,885.99 0.00 0.00 24,683,000.00
S 133,126.11 0.00 0.00 7,752,287.78
T 914,710.10 0.00 0.00 124,716,062.79
U 7,186,127.96 0.00 0.00 266,815,871.57
V 133,448.52 0.00 0.00 4,978,436.44
W 205,029.90 0.00 0.00 32,267,000.00
X 118,140.28 0.00 0.00 16,856,435.45
Y 195,407.23 0.00 0.00 26,785,889.22
Z 67,160.46 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 12,421,259.48 0.00 0.00 641,247,962.86
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.031750 0.000000 0.000000
O 946.458571 5.717761 19.369737 25.087499
P 948.411297 7.112556 18.663297 25.775853
Q 1,000.000000 6.124545 0.000000 6.124545
R 1,000.000000 6.315520 0.000000 6.315520
S 955.413998 0.000000 16.129850 16.129850
T 995.797451 6.223271 1.072381 7.295653
U 946.458571 5.599463 19.369737 24.969200
V 946.458571 5.481164 19.369737 24.850901
W 1,000.000000 6.353702 0.000000 6.353702
X 980.424731 0.000000 6.823596 6.823596
Y 995.946756 6.224204 1.033840 7.258045
Z 0.000000 0.201338 0.000000 0.201338
R-I 055240AX3 0.000000 0.00000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 927.088834 7.250000% 7.250000%
P 929.748000 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 939.284147 0.000000% 0.000000%
T 994.725069 7.500000% 7.500000%
U 927.088834 7.100000% 7.100000%
V 927.088834 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 973.601134 0.000000% 0.000000%
Y 994.912916 7.500000% 7.500000%
Z 0.000000 0.254149% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92714
Distribution Date: January 26, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 4,967,961.04 30,012.53 101,671..75
A-2 118,268,273.00 112,166,966.25 604,605.08 2,207,275.93
A-3 0.00 0.00 236,584.59 0.00
A-4 21,567,000.00 21,567,000.00 132,088.06 0.00
A-5 24,683,000.00 24,683,000.00 149,115.37 0.00
A-6 8,253,400.00 7,885,413.89 0.00 133,126.11
A-7 125,377,420.00 124,850,515.21 780,257.68 134,452.42
A-8 245,698,788.00 232,543,723.76 1,375,781.37 4,759,120.92
A-9 5,369,967.00 5,082,451.29 29,433.67 104,014.85
A-10 25,000,000.00 25,000,000.00 147,905.67 0.00
A-11 17,100,894.00 14,846,751.97 87,836.75 815,483.25
A-12 32,267,000.00 32,267,000.00 194,931.96 0.00
A-13 0.00 0.00 16,853.56 0.00
X 0.00 0.00 67,160.46 0.00
PO 17,313,492.00 16,974,575.73 0.00 118,140.28
Totals 646,148,234.00 622,835,359.14 3,852,566.75 8,373,285.50
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 131,684.28 0.00 0.00 4,866,289.29
A-2 2,811,881.01 0.00 0.00 109,959,690.32
A-3 236,584.59 0.00 0.00 0.00
A-4 132,088.06 0.00 0.00 21,567,000.00
A-5 149,115.37 0.00 0.00 24,683,000.00
A-6 133,126.11 0.00 0.00 7,752,287.78
A-7 914,710.10 0.00 0.00 124,716,062,79
A-8 6,134,902.29 0.00 0.00 227,784,602.84
A-9 133,448.52 0.00 0.00 4,978,436.44
A-10 147,905.67 0.00 0.00 25,000,000.00
A-11 903,320.00 0.00 0.00 14,031,268.72
A-12 194,931.96 0.00 0.00 32,267,000.00
A-13 16,853.56 0.00 0.00 0.00
X 67,160.46 0.00 0.00 0.00
PO 118,140.28 0.00 0.00 16,856,435.45
Totals 12,225,852.25 0.00 0.00 614,462,073.64
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 946.458571 5.717761 19.369737 25.087499
A-2 055240AE5 948.411297 5.112149 18.663297 23.775447
A-3 055240AF2 0.000000 2.000406 0.000000 2.000406
A-4 055240AG0 1,000.000000 6.124545 0.000000 6.124545
A-5 055240AH8 1,000.000000 6.041217 0.000000 6.041217
A-6 055240AJ4 945.413998 0.000000 16.129850 16.129850
A-7 055240AK1 995.797451 6.223271 1.072381 7.295653
A-8 055240AL9 946.458571 5.599463 19.369737 24.969200
A-9 055240AM7 946.458571 5.481164 19.369737 24.850901
A-10 055240AN5 1,000.000000 5.916227 0.000000 5.916227
A-11 055240AP0 868.185720 5.136384 47.686586 52.822969
A-12 055240AQ8 1,000.000000 6.041217 0.000000 6.041217
A-13 055240AR6 0.000000 6.353698 0.000000 6.353698
X 055240AS4 0.000000 5.815658 0.000000 5.815658
PO 055240AT2 980.424731 0.000000 6.823596 6.823596
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 927.088834 7.250000% 7.250000%
A-2 929.748000 6.187500% 6.187500%
A-3 0.000000 2.531250% 2.898440%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 939.284147 0.000000% 0.000000%
A-7 994.725069 7.500000% 7.500000%
A-8 927.088834 7.100000% 7.100000%
A-9 927.088834 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 820.499134 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 973.601134 0.000000% 0.000000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92714
Distribution Date: January 26, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,082,718.27 94,259.98 15,656.58
B-1 5,048,033.00 5,027,572.09 31,419.99 5,218.86
B-2 2,355,749.00 2,346,200.57 14,662.66 2,435.47
B-3 1,682,677.00 1,675,856.70 10,473.32 1,739.62
B-4 1,346,142.00 1,340,685.75 8,378.67 1,391.70
B-5 1,346,146.00 1,340,689.76 8,378.69 1,391.69
R-II 0.00 0.00 0.00 0.00
Totals 26,922,898.00 26,813,723.14 167,573.31 27,833.92
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 109,916.56 0.00 0.00 15,067,061.69
B-1 36,638.85 0.00 0.00 5,022,353.23
B-2 17,098.13 0.00 0.00 2,343,765.10
B-3 12,212.94 0.00 0.00 1,674,117.08
B-4 9,770.37 0.00 0.00 1,339,294.05
B-5 9,770.38 0.00 0.00 1,339,298.07
R-II 0.00 0.00 0.00 0.00
Totals 195,407.23 0.00 0.00 26,785,889.22
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 995.946756 6.224204 1.033840 7.258045
B-1 055240AV7 995.946756 6.224205 1.033840 7.258045
B-2 055240AW5 995.946754 6.224203 1.033841 7.258044
B-3 055240AA3 995.946756 6.224201 1.033841 7.258042
B-4 055240AB1 995.946750 6.224210 1.033843 7.258053
B-5 055240AC9 995.946768 6.224206 1.033833 7.258039
R-II 055240AY1 0.000000 0.031750 0.031750 0.031750
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 994.912916 7.500000% 7.500000%
B-1 994.912916 7.500000% 7.500000%
B-2 994.912913 7.500000% 7.500000%
B-3 994.912916 7.500000% 7.500000%
B-4 994.912907 7.500000% 7.500000%
B-5 994.912935 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: December 31, 1998 Irvine, CA 92714
Distribution Date: January 26, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: January 26,1998
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,234
Ending Number of Loans in Pool 2,208
Beginning Balance of Pool 649,649,082.28
Less: Scheduled Principal 681,331.75
Principal Prepayments 7,719,787.67
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (8,401,119.42)
Ending Balance of Pool 641,247,962.86
Weighted Average Remaining Term to Maturity 321
Weighted Average Mortgage Rate 7.678645%
Beginning Balance of Premium Mortgage Loans 317,131,528.51
Stripped Interest Rate 0.254149%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 542,608.74 237,761.52 0.00 0.00 0.00 0.00
% of Pool Balance 0.0846% 0.0371% 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 2 1 0 0 0 0
% of Loans 0.0906% 0.0453% 0.0000% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 135,639.16
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 15,786.73
Delinquent Services Fees 6,293.29 (22,080.02)
Servicing Fees Collected for the Current Due Period 113,559.14
Advanced Principal 27,071.50
Advanced Interest 187,450.70
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: January 26, 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 95,481.07 0.00 2.23 0.00 0.00
A-2 2,072,877.35 0.00 44.97 0.00 0.00
A-3 0.00 0.00 17.60 0.00 0.00
A-4 0.00 0.00 9.82 0.00 0.00
A-5 0.00 0.00 11.09 0.00 0.00
A-6 125,020.20 0.00 0.00 0.00 0.00
A-7 0.00 0.00 58.04 0.00 0.00
A-8 4,469,343.33 0.00 102.33 0.00 0.00
A-9 97,681.50 0.00 2.19 0.00 0.00
A-10 0.00 0.00 11.00 0.00 0.00
A-11 765,829.38 0.00 6.53 0.00 0.00
A-12 0.00 0.00 14.50 0.00 0.00
A-13 0.00 0.00 1.25 0.00 0.00
X 0.00 0.00 5.01 0.00 0.00
PO 93,554.84 0.00 0.00 0.00 0.00
M 0.00 0.00 7.01 0.00 0.00
B-1 0.00 0.00 2.34 0.00 0.00
B-2 0.00 0.00 1.09 0.00 0.00
B-3 0.00 0.00 0.78 0.00 0.00
B-4 0.00 0.00 0.62 0.00 0.00
B-5 0.00 0.00 0.62 0.00 0.00
TOTALS 7,719,787.67 0.00 299.02 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.76%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 27,833.92
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 12,992,981.65
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,126.46
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 4,866,289.29 29,398.29 109,359.89
P 118,268,273.00 109,959,690.32 824,635.59 2,374,184.12
Q 21,567,000.00 21,567,000.00 132,087.93 0.00
R 24,683,000.00 24,683,000.00 155,885.84 0.00
S 8,253,400.00 7,752,287.78 0.00 143,192.74
T 125,377,420.00 124,716,062.79 779,416.71 135,820.92
U 287,799,682.00 266,815,871.57 1,578,541.72 5,996,140.54
V 5,369,967.00 4,978,436.44 28,831.27 111,880.17
W 32,267,000.00 32,267,000.00 205,014.71 0.00
X 17,313,492.00 16,856,435.45 0.00 59,164.90
Y 26,922,848.00 26,785,889.22 167,399.21 28,109.69
Z 0.00 0.00 65,568.76 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 641,247,962.86 3,966,780.03 8,957,852.97
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 0.00 0.00 0.00 0.00
O 138,758.18 0.00 0.00 4,756,929.40
P 3,198,819.71 0.00 0.00 107,585,506.20
Q 132,087.93 0.00 0.00 21,567,000.00
R 155,885.84 0.00 0.00 24,683,000.00
S 143,192.74 0.00 0.00 7,609,095.04
T 915,237.63 0.00 0.00 124,580,241.87
U 7,574,682.26 0.00 0.00 260,819,731.02
V 140,711.44 0.00 0.00 4,866,556.28
W 205,014.71 0.00 0.00 32,267,000.00
X 59,164.90 0.00 0.00 16,797,270.55
Y 195,508.90 0.00 0.00 26,757,779.53
Z 65,568.76 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 12,924,633.00 0.00 0.00 632,290,109.89
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.031750 0.000000 0.000000
O 927.088834 5.600741 20.834424 26.435165
P 929.748000 6.972585 20.074565 27.047150
Q 1,000.000000 6.124539 0.000000 6.124539
R 1,000.000000 6.315514 0.000000 6.315514
S 939.284147 0.000000 17.349546 17.349546
T 994.725069 6.216564 1.083296 7.299860
U 927.088834 5.484863 20.834424 26.319286
V 927.088834 5.368985 20.834424 26.203408
W 1,000.000000 6.353696 0.000000 6.353696
X 973.601134 0.000000 3.417271 3.417271
Y 994.912916 6.217738 1.044083 7.261821
Z 0.000000 0.196566 0.000000 0.196566
R-I 055240AX3 0.000000 0.00000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 906.254410 7.250000% 7.250000%
P 909.673435 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 921.934602 0.000000% 0.000000%
T 993.641773 7.500000% 7.500000%
U 906.254410 7.100000% 7.100000%
V 906.254410 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 970.183863 0.000000% 0.000000%
Y 993.868833 7.500000% 7.500000%
Z 0.196566 0.252949% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: January 30, 1998 Irvine, CA 92714
Distribution Date: February 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 4,866,289.29 29,398.29 109,359.89
A-2 118,268,273.00 109,959,690.32 559,062.62 2,374,184.12
A-3 0.00 0.00 265,572.97 0.00
A-4 21,567,000.00 21,567,000.00 132,087.93 0.00
A-5 24,683,000.00 24,683,000.00 149,115.23 0.00
A-6 8,253,400.00 7,752,287.78 0.00 143,192.74
A-7 125,377,420.00 124,716,062.79 779,416.71 135,820.92
A-8 245,698,788.00 227,784,602.84 1,347,624.10 5,118,992.68
A-9 5,369,967.00 4,978,436.44 28,831.27 111,880.17
A-10 25,000,000.00 25,000,000.00 147,905.53 0.00
A-11 17,100,894.00 14,031,268.72 83,012.09 877,147.87
A-12 32,267,000.00 32,267,000.00 194,931.78 0.00
A-13 0.00 0.00 16,853.54 0.00
X 0.00 0.00 65,568.76 0.00
PO 17,313,492.00 16,856,435.45 0.00 59,164.90
Totals 646,148,234.00 614,462,073.64 3,799,380.82 8,929,743.28
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 138,758.18 0.00 0.00 4,756,929.40
A-2 2,933,246.74 0.00 0.00 107,585,506.20
A-3 265,572.97 0.00 0.00 0.00
A-4 132,087.93 0.00 0.00 21,567,000.00
A-5 149,115.37 0.00 0.00 24,683,000.00
A-6 143,192.74 0.00 0.00 7,609,095.04
A-7 915,237.63 0.00 0.00 124,580,241,87
A-8 6,466,616.78 0.00 0.00 222,665,610.17
A-9 140,711.44 0.00 0.00 4,866,556.28
A-10 147,905.53 0.00 0.00 25,000,000.00
A-11 960,159.96 0.00 0.00 13,154,120.85
A-12 194,931.78 0.00 0.00 32,267,000.00
A-13 16,853.54 0.00 0.00 0.00
X 65,568.76 0.00 0.00 0.00
PO 59,164.90 0.00 0.00 16,797,270.55
Totals 12,729,124.10 0.00 0.00 605,532,330.36
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 927.088834 5.600741 20.834424 26.435165
A-2 055240AE5 929.748000 4.727072 20.074565 24.801637
A-3 055240AF2 0.000000 2.245513 0.000000 2.245513
A-4 055240AG0 1,000.000000 6.124539 0.000000 6.124539
A-5 055240AH8 1,000.000000 6.041212 0.000000 6.041212
A-6 055240AJ4 939.284147 0.000000 17.349546 17.349546
A-7 055240AK1 994.725069 6.216564 1.083296 7.299860
A-8 055240AL9 927.088834 5.484863 20.834424 26.319286
A-9 055240AM7 927.088834 5.368985 20.834424 26.203408
A-10 055240AN5 1,000.000000 5.916221 0.000000 5.916221
A-11 055240AP0 820.499134 4.854254 51.292515 56.146770
A-12 055240AQ8 1,000.000000 6.041212 0.000000 6.041212
A-13 055240AR6 0.000000 6.353691 0.000000 6.353691
X 055240AS4 0.000000 5.677827 0.000000 5.677827
PO 055240AT2 973.601134 0.000000 3.417271 3.417271
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 906.254410 7.250000% 7.250000%
A-2 909.673435 6.101560% 6.125000%
A-3 0.000000 2.898440% 2.875000%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 921.934602 0.000000% 0.000000%
A-7 993.641773 7.500000% 7.500000%
A-8 906.254410 7.100000% 7.100000%
A-9 906.254410 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 769.206619 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 970.183863 0.000000% 0.000000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: January 30 1998 Irvine, CA 92714
Distribution Date: February 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,067,061.69 94,162.05 15,811.70
B-1 5,048,033.00 5,022,353.23 31,387.35 5,270.57
B-2 2,355,749.00 2,343,765.10 14,647.43 2,459.60
B-3 1,682,677.00 1,674,117.08 10,462.44 1,756.85
B-4 1,346,142.00 1,339,294.05 8,369.96 1,405.48
B-5 1,346,146.00 1,339,298.07 8,369.98 1,405.49
R-II 0.00 0.00 0.00 0.00
Totals 26,922,898.00 26,785,889.22 167,399.21 28,109.69
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 109,973.75 0.00 0.00 15,051,249.99
B-1 36,657.92 0.00 0.00 5,017,082.66
B-2 17,107.03 0.00 0.00 2,341,305.50
B-3 12,219.29 0.00 0.00 1,672,360.23
B-4 9,775.44 0.00 0.00 1,337,888.57
B-5 9,775.47 0.00 0.00 1,337,892.58
R-II 0.00 0.00 0.00 0.00
Totals 195,508.90 0.00 0.00 26,757,779.53
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 994.912916 6.217738 1.044083 7.261821
B-1 055240AV7 994.912916 6.217739 1.044084 7.261823
B-2 055240AW5 994.912913 6.217738 1.044084 7.261822
B-3 055240AA3 994.912916 6.217735 1.044080 7.261816
B-4 055240AB1 994.912907 6.217739 1.044080 7.261819
B-5 055240AC9 994.912935 6.217736 1.044084 7.261820
R-II 055240AY1 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 993.868833 7.500000% 7.500000%
B-1 993.868832 7.500000% 7.500000%
B-2 993.868829 7.500000% 7.500000%
B-3 993.868835 7.500000% 7.500000%
B-4 993.868827 7.500000% 7.500000%
B-5 993.868851 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: January 30 1998 Irvine, CA 92714
Distribution Date: February 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: February 25, 1998
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,208
Ending Number of Loans in Pool 2,182
Beginning Balance of Pool 641,247,962.86
Less: Scheduled Principal 679,988.05
Principal Prepayments 8,277,864.92
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (8,957,852.97)
Ending Balance of Pool 632,290,109.89
Weighted Average Remaining Term to Maturity 320
Weighted Average Mortgage Rate 7.676110%
Beginning Balance of Premium Mortgage Loans 311,084,813.94
Stripped Interest Rate 0.252949%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 1,654,112.87 309,004.04 237,572.66 0.00 0.00 0.00
% of Pool Balance 0.2616% 0.0489% 0.0376% 0.0000% 0.0000% 0.0000%
Number of Loans 6 1 1 0 0 0
% of Loans 0.2750% 0.0458% 0.0458% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 133,887.40
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 15,763.29
Delinquent Services Fees 14,172.90 (29,936.19)
Servicing Fees Collected for the Current Due Period 103,951.21
Advanced Principal 70,301.77
Advanced Interest 421,208.47
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: February 26 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 103,208.53 0.00 2.21 0.00 0.00
A-2 2,240,639.17 0.00 42.09 0.00 0.00
A-3 0.00 0.00 20.00 0.00 0.00
A-4 0.00 0.00 9.95 0.00 0.00
A-5 0.00 0.00 11.23 0.00 0.00
A-6 135,138.32 0.00 0.00 0.00 0.00
A-7 0.00 0.00 58.68 0.00 0.00
A-8 4,831,055.62 0.00 101.47 0.00 0.00
A-9 105,587.05 0.00 2.17 0.00 0.00
A-10 0.00 0.00 11.14 0.00 0.00
A-11 827,809.38 0.00 6.25 0.00 0.00
A-12 0.00 0.00 14.68 0.00 0.00
A-13 0.00 0.00 1.27 0.00 0.00
X 0.00 0.00 4.93 0.00 0.00
PO 34,426.85 0.00 0.00 0.00 0.00
M 0.00 0.00 7.09 0.00 0.00
B-1 0.00 0.00 2.36 0.00 0.00
B-2 0.00 0.00 1.10 0.00 0.00
B-3 0.00 0.00 0.79 0.00 0.00
B-4 0.00 0.00 0.63 0.00 0.00
B-5 0.00 0.00 0.63 0.00 0.00
TOTALS 8,277,864.92 0.00 298.67 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.71%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 28,109.69
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 12,824,959.26
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,115.23
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC I
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
N 50.00 0.00 0.00 0.00
O 5,249,000.00 4,756,929.40 28,737.59 425,178.78
P 118,268,273.00 107,585,506.20 806,829.74 9,230,557.09
Q 21,567,000.00 21,567,000.00 132,087.80 0.00
R 24,683,000.00 24,683,000.00 155,885.68 0.00
S 8,253,400.00 7,609,095.04 0.00 556,717.04
T 125,377,420.00 124,580,241.87 778,567.11 132,503.62
U 287,799,682.00 260,819,731.02 1,543,065.68 23,312,310.61
V 5,369,967.00 4,866,556.28 28,183.32 434,977.33
W 32,267,000.00 32,267,000.00 205,014.51 0.00
X 17,313,492.00 16,797,270.55 0.00 173,899.45
Y 26,922,848.00 26,757,779.53 167,223.35 27,383.61
Z 0.00 0.00 64,205.38 0.00
R-1 50.00 0.00 0.00 0.00
Totals 673,071,182.00 632,290,109.89 3,909,800.16 34,293,527.54
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
N 0.00 0.00 0.00 0.00
O 453,178.78 0.00 0.00 4,331,750.62
P 10,037,386.83 0.00 0.00 98,354,949.11
Q 132,087.80 0.00 0.00 21,567,000.00
R 155,885.68 0.00 0.00 24,683,000.00
S 556,717.04 0.00 0.00 7,052,378.00
T 911,070.73 0.00 0.00 124,447,738.25
U 24,855,376.29 0.00 0.00 237,507,420.41
V 463,160.65 0.00 0.00 4,431,578.94
W 205,014.51 0.00 0.00 32,267,000.00
X 173,899.45 0.00 0.00 16,623,371.10
Y 194,606.96 0.00 0.00 26,730,395.92
Z 64,205.38 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
Totals 38,203,327.70 0.00 0.00 597,996,582.35
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
N 0.000000 0.000000 0.000000 0.000000
O 906.254410 5.474869 81.001864 84.476733
P 909.673435 6.822030 78.047619 84.869649
Q 1,000.000000 6.124533 0.000000 6.124533
R 1,000.000000 6.315508 0.000000 6.315508
S 921.934602 0.000000 67.453054 67.453054
T 993.641773 6.209787 1.056838 7.266625
U 906.254410 5.361596 81.001864 86.363460
V 906.254410 5.248323 81.001864 86.250186
W 1,000.000000 6.353690 0.000000 6.353690
X 970.183863 0.000000 10.044158 10.044158
Y 993.868833 6.211206 1.017114 7.228320
Z 0.000000 0.192479 0.000000 0.192479
R-I 055240AX3 0.000000 0.00000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
N 0.000000 7.625000% 7.625000%
O 825.252546 7.250000% 7.250000%
P 831.625817 9.000000% 9.000000%
Q 1,000.000000 7.350000% 7.350000%
R 1,000.000000 7.579200% 7.579200%
S 854.481548 0.000000% 0.000000%
T 992.584935 7.500000% 7.500000%
U 825.252546 7.100000% 7.100000%
V 825.252546 6.950000% 6.950000%
W 1,000.000000 7.625000% 7.625000%
X 960.139705 0.000000% 0.000000%
Y 992.851719 7.500000% 7.500000%
Z 0.000000 0.253633% NA
R-I 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: February 30 1998 Irvine, CA 92714
Distribution Date: March 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-1 5,249,000.00 4,756,929.40 28,737.59 425,178.78
A-2 118,268,273.00 107,585,506.20 549,092.46 9,230,557.09
A-3 0.00 0.00 257,737.28 0.00
A-4 21,567,000.00 21,567,000.00 132,087.80 0.00
A-5 24,683,000.00 24,683,000.00 149,115.08 0.00
A-6 8,253,400.00 7,609,095.04 0.00 556,717.04
A-7 125,377,420.00 124,580,241.87 778,567.11 132,503.62
A-8 245,698,788.00 222,665,610.17 1,317,337.68 19,902,059.74
A-9 5,369,967.00 4,866,556.28 28,183.32 434,977.33
A-10 25,000,000.00 25,000,000.00 147,905.39 0.00
A-11 17,100,894.00 13,154,120.85 77,822.61 3,410,250.88
A-12 32,267,000.00 32,267,000.00 194,931.59 0.00
A-13 0.00 0.00 16,853.52 0.00
X 0.00 0.00 64,205.38 0.00
PO 17,313,492.00 16,797,270.55 0.00 173,899.45
Totals 646,148,234.00 605,532,330.36 3,742,576.81 34,266,143.93
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
A-1 453,916.37 0.00 0.00 4,331,750.62
A-2 9,779,649.55 0.00 0.00 98,354,949.11
A-3 257,737.28 0.00 0.00 0.00
A-4 132,087.80 0.00 0.00 21,567,000.00
A-5 149,115.08 0.00 0.00 24,683,000.00
A-6 556,717.04 0.00 0.00 7,052,378.00
A-7 911,070.73 0.00 0.00 124,447,738.25
A-8 21,219,397.42 0.00 0.00 202,763,550.43
A-9 463,160.65 0.00 0.00 4,431,578.94
A-10 147,905.39 0.00 0.00 25,000,000.00
A-11 3,488,073.49 0.00 0.00 9,743,869.98
A-12 194,931.59 0.00 0.00 32,267,000.00
A-13 16,853.52 0.00 0.00 0.00
X 64,204.38 0.00 0.00 0.00
PO 173,899.45 0.00 0.00 16,623,371.10
Totals 38,008,720.74 0.00 0.00 571,266,186.43
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
A-1 055240AD7 906.254410 5.474869 81.001864 86.476733
A-2 055240AE5 909.673435 4.642771 78.047619 82.690389
A-3 055240AF2 0.000000 2.179260 0.000000 2.179260
A-4 055240AG0 1,000.000000 6.124533 0.000000 6.124533
A-5 055240AH8 1,000.000000 6.041206 0.000000 6.041206
A-6 055240AJ4 921.934602 0.000000 67.453054 67.453054
A-7 055240AK1 993.641773 6.209787 1.056838 7.266625
A-8 055240AL9 906.254410 5.361596 81.001864 86.363460
A-9 055240AM7 906.254410 5.248323 81.001864 86.250186
A-10 055240AN5 1,000.000000 5.916216 0.000000 5.916216
A-11 055240AP0 769.206619 4.550792 199.419450 203.970242
A-12 055240AQ8 1,000.000000 6.041206 0.000000 6.041206
A-13 055240AR6 0.000000 6.353683 0.000000 6.353683
X 055240AS4 0.000000 5.559767 0.000000 5.559767
PO 055240AT2 970.183863 0.000000 10.044158 10.044158
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
A-1 825.252546 7.250000% 7.250000%
A-2 831.625817 6.125000% 6.125000%
A-3 0.000000 2.875000% 2.812500%
A-4 1,000.000000 7.350000% 7.350000%
A-5 1,000.000000 7.250000% 7.250000%
A-6 854.481548 0.000000% 0.000000%
A-7 992.584935 7.500000% 7.500000%
A-8 825.252546 7.100000% 7.100000%
A-9 825.252546 6.950000% 6.950000%
A-10 1,000.000000 7.100000% 7.100000%
A-11 569.787169 7.100000% 7.100000%
A-12 1,000.000000 7.250000% 7.250000%
A-13 000.000000 7.625000% 7.625000%
X 000.000000 7.500000% 7.500000%
PO 960.139705 0.000000% 0.000000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: February 30 1998 Irvine, CA 92714
Distribution Date: March 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-1
REMIC II
REVISED STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTIONS IN DOLLARS
ORIGINAL PRIOR PRINC
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
M 15,144,101.00 15,051,249.99 94,063.13 15,403.28
B-1 5,048,033.00 5,017,082.66 31,354.38 5,134.43
B-2 2,355,749.00 2,341,305.50 14,632.04 2,396.07
B-3 1,682,677.00 1,672,360.23 10,451.45 1,711.47
B-4 1,346,142.00 1,337,888.57 8,361.16 1,369.18
B-5 1,346,146.00 1,337,892.58 8,361.19 1,369.18
R-II 0.00 0.00 0.00 0.00
Totals 26,922,898.00 26,757,779.53 167,223.35 27,383.61
TOTAL REALIZED DEFERRED CURRENT
LOSSES INTEREST PRINCIPAL
BALANCE
M 109,466.41 0.00 0.00 15,035,846.71
B-1 36,488.81 0.00 0.00 5,011,948.23
B-2 17,028.11 0.00 0.00 2,338,909.43
B-3 12,162.92 0.00 0.00 1,670,648.76
B-4 9,730.34 0.00 0.00 1,336,519.39
B-5 9,730.37 0.00 0.00 1,336,523.40
R-II 0.00 0.00 0.00 0.00
Totals 194,606.96 0.00 0.00 26,730,395.92
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL
M 055240AU9 993.868833 6.211206 1.017114 7.228320
B-1 055240AV7 993.868832 6.211207 1.017115 7.228322
B-2 055240AW5 993.868829 6.211205 1.017116 7.228321
B-3 055240AA3 993.868835 6.211204 1.017111 7.228315
B-4 055240AB1 993.868827 6.211202 1.017114 7.228316
B-5 055240AC9 993.868851 6.211206 1.017111 7.228317
R-II 055240AY1 0.000000 0.000000 0.000000 0.000000
CURRENT PASS THROUGH
PRINCIPAL RATES
BALANCE CURRENT NEXT
M 992.851719 7.500000% 7.500000%
B-1 992.851717 7.500000% 7.500000%
B-2 992.851713 7.500000% 7.500000%
B-3 992.851724 7.500000% 7.500000%
B-4 992.851713 7.500000% 7.500000%
B-5 992.851740 7.500000% 7.500000%
R-II 0.000000 7.625000% 7.625000%
Seller: Bank of America Administrator: Kelly L. Shea
Servicer: Bank of America Bankers Trust Company
Lead Underwriter: Donaldson, Lufkin & Jenrette 3 Park Plaza
Record Date: February 27, 1998 Irvine, CA 92714
Distribution Date: March 25, 1998 Factor Information: (800)735-7777
BA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1997-3
REVISED STATEMENT TO CERTIFICATE HOLDERS
Distribution Date: March 25, 1998
MORTGAGE POOL INFORMATION:
Beginning Number of Loans in Pool 2,182
Ending Number of Loans in Pool 2,070
Beginning Balance of Pool 632,290,109.89
Less: Scheduled Principal 654,638.55
Principal Prepayments 33,638,888.99
Repurchases 0.00
Liquidation 0.00
Other Unscheduled Principal 0.00 (34,293,527.54)
Ending Balance of Pool 597,996,582.35
Weighted Average Remaining Term to Maturity 318
Weighted Average Mortgage Rate 7.673176%
Beginning Balance of Premium Mortgage Loans 303,794,249.05
Stripped Interest Rate 0.253633%
Current Realized Losses on the Pool 0.00
Cumulative Realized Losses on the Pool 0.00
Delinquent, Bankruptcy, Loans Loans Loans
Foreclosure and REO 30 to 59 60 to 89 90 Plus in in in
Loan Information Days Days Days Bankruptcy Foreclosure REO
Principal Balance 1,282,407.17 0.00 308,630.37 0.00 0.00 0.00
% of Pool Balance 0.2145% 0.0000% 0.0516% 0.0000% 0.0000% 0.0000%
Number of Loans 5 0 1 0 0 0
% of Loans 0.2415% 0.0000% 0.0483% 0.0000% 0.0000% 0.000%
Book Value of REO Properties NA
Servicing Information:
Services Fees Accrued during the current due period 132,020.42
Plus: Additional servicing compensation 0.00
Less: Amts. To cover prepayment Int. Shortfall 69,749.93
Delinquent Services Fees 13,676.02 (83,425.95)
Servicing Fees Collected for the Current Due Period 48,594.47
Advanced Principal 69,030.33
Advanced Interest 406,530.88
BA MORTGAGE SECURITIES,INC.
MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1997-1
REVISED STATEMENTS TO CERTIFICATEHOLDERS
Distribution Date: March 26 1998
Other Cumulative
Prepayment Unscheduled Certificate Unpaid Cumulative
Principal Principal Interest Interest Realized
Class Distributed Distributed Shortfall Shortfall Losses
A-1 419,294.33 0.00 2.19 0.00 0.00
A-2 9,102,806.64 0.00 41.89 0.00 0.00
A-3 0.00 0.00 19.66 0.00 0.00
A-4 0.00 0.00 10.08 0.00 0.00
A-5 0.00 0.00 11.38 0.00 0.00
A-6 549,012.12 0.00 0.00 0.00 0.00
A-7 0.00 0.00 59.40 0.00 0.00
A-8 19,626,616.24 0.00 100.51 0.00 0.00
A-9 428,957.27 0.00 2.15 0.00 0.00
A-10 0.00 0.00 11.28 0.00 0.00
A-11 3,363,053.18 0.00 5.94 0.00 0.00
A-12 0.00 0.00 14.87 0.00 0.00
A-13 0.00 0.00 1.29 0.00 0.00
X 0.00 0.00 4.90 0.00 0.00
PO 149,149.22 0.00 0.00 0.00 0.00
M 0.00 0.00 7.18 0.00 0.00
B-1 0.00 0.00 2.39 0.00 0.00
B-2 0.00 0.00 1.12 0.00 0.00
B-3 0.00 0.00 0.80 0.00 0.00
B-4 0.00 0.00 0.64 0.00 0.00
B-5 0.00 0.00 0.64 0.00 0.00
TOTALS 33,638,888.99 0.00 298.31 0.00 0.00
OTHER REPORTING ITEMS:
SENIOR PERCENTAGE 95.65%
SENIOR PREPAYMENT PRECENTAGE 100.00%
SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT 27,383.61
HAS THE CREDIT SUPPORT DEPLETION DATE OCCURED NO
BANKRUPTCY AMOUNT 100,000.00
FRAUD LOSS AMOUNT 12,645,802.20
SPECIAL HAZARD AMOUNT 6,730,712.00
EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD 0.00
GUARANTEED DISTRIBUTIONS 149,115.08
GUARANTEED DISTIBUTIONS PAID UNDER THE POLICY 0.00
BEGINNING RESERVE FUND BALANCE 2,500.00
WITHDRAWLS FROM RESERVE FUND 0.00
ENDING RESERVE FUND BALANCE 2,500.00
