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, 1999
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 91110-7137
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 5. Other Events
BAMS
MORTGAGE PASS-THROUGH CERTIFICATES
Series 1999-6
On September 25, 1999, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 1999-6, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of June 1, 1999, among BAMS as Depositor, BANK OF
AMERICA MORTGAGE SECURITIES, INC., Seller and Master Servicer and The Bank of
New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BAMS, MORTGAGE PASS-THROUGH
CERTIFICATES Series 1999-6 relating to the distribution date
of September 25, 1999 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of June 1, 1999.
<PAGE>
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: September 25, 1999
BAMS
By: /s/ Kelly A. Sheahan
------------------------------
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
<PAGE>
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated September 25, 1999
Payment Date: 09/25/99
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, Master Servicer
------------------------------------------------------------
<TABLE>
<CAPTION>
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
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior A1 92,578,936.85 6.250000% 613,049.87 482,181.96 1,095,231.83 0.00 0.00
A2 149,004,080.83 6.250000% 1,174,315.74 776,062.92 1,950,378.66 0.00 0.00
A3 8,614,000.00 6.250000% 0.00 44,864.58 44,864.58 0.00 0.00
A4 40,626,033.89 6.250000% 138,439.97 211,593.93 350,033.90 0.00 0.00
APO 556,247.92 0.000000% 2,104.15 0.00 2,104.15 0.00 0.00
Residual AR 0.00 6.250000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,235,922.16 6.250000% 7,619.02 11,645.43 19,264.45 0.00 0.00
B2 1,043,960.10 6.250000% 3,557.35 5,437.29 8,994.64 0.00 0.00
B3 1,043,960.10 6.250000% 3,557.35 5,437.29 8,994.64 0.00 0.00
B4 596,974.33 6.250000% 2,034.22 3,109.24 5,143.46 0.00 0.00
B5 298,983.82 6.250000% 1,018.80 1,557.21 2,576.01 0.00 0.00
B6 447,711.49 6.250000% 1,525.60 2,331.83 3,857.43 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 297,046,811.49 - 1,947,222.07 1,544,221.69 3,491,443.76 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 91,965,886.98 0.00
A2 147,829,765.08 0.00
A3 8,614,000.00 0.00
A4 40,487,593.92 0.00
APO 554,143.77 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 2,228,303.14 0.00
B2 1,040,402.75 0.00
B3 1,040,402.75 0.00
B4 594,940.11 0.00
B5 297,965.01 0.00
B6 446,185.89 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 295,099,589.42 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 09/25/99
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, Master Servicer
------------------------------------------------------------
<TABLE>
<CAPTION>
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.
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
Senior A1 92,578,936.85 6.250000% 060506EW8 6.554370 5.155207 983.245346
A2 149,004,080.83 6.250000% 060506EX6 7.788634 5.147227 980.479032
A3 8,614,000.00 6.250000% 060506EY4 0.000000 5.208333 1,000.000000
A4 40,626,033.89 6.250000% 060506EZ1 3.384840 5.173446 989.916722
APO 556,247.92 0.000000% 060506FA5 3.753605 0.000000 988.540109
Residual AR 0.00 6.250000% 060506FB3 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 2,235,922.16 6.250000% 060506FC1 3.384727 5.173446 989.916988
B2 1,043,960.10 6.250000% 060506FD9 3.384727 5.173446 989.916988
B3 1,043,960.10 6.250000% 060506FE7 3.384727 5.173446 989.916988
B4 596,974.33 6.250000% 060506FF4 3.384727 5.173446 989.916988
B5 298,983.82 6.250000% 060506FG2 3.384727 5.173446 989.916988
B6 447,711.49 6.250000% 060506FH0 3.384727 5.173446 989.916988
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 297,046,811.49 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 1999-6
Bank of America, FSB, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 295,099,587.90 295,099,587.90
Aggregated loan count 796 796
Aggregated average loan rate 6.798994% 6.80
Aggregated prepayment amount 934,922.43 934,922.43
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 137,299.06 137,299.06
Monthly sub servicer fees 0.00 0.00
Monthly trustee fees 990.16 990.16
Aggregate advances N/A N/A
Advances this periods 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 6,001,727.97 6,001,727.97
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 98.098425% 100.000000% 291,379,299.49
-----------------------------------------------------------------------------
Junior 1.901575% 0.000000% 5,648,199.66
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
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
<PAGE>
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 3,491,443.76 3,491,443.76
Principal remittance amount 1,947,222.07 1,947,222.07
Interest remittance amount 1,544,221.69 1,544,221.69
