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): February 25, 2000
BAMS
(Depositor)
(Issuer in respect of MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-1)
(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 2000-1
On February 25, 2000, The Bank of New York, as Trustee for BAMS, MORTGAGE
PASS-THROUGH CERTIFICATES Series 2000-1, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 1, 2000, 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 2000-1 relating to the distribution date
of February 25, 2000 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of January 1, 2000.
<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: February 25, 2000
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 February 25, 2000
Payment Date: 02/25/00
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-1
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 80,000,000.00 7.500000% 582,045.80 500,000.00 1,082,045.80 0.00 0.00
A2 146,378,000.00 7.500000% 1,338,323.51 914,862.50 2,253,186.01 0.00 0.00
A3 15,092,000.00 7.500000% 0.00 94,325.00 94,325.00 0.00 0.00
A4 8,627,000.00 7.500000% 0.00 53,918.75 53,918.75 0.00 0.00
A5 32,500,000.00 7.500000% 0.00 203,125.00 203,125.00 0.00 0.00
A6 16,213,000.00 7.500000% 0.00 101,331.25 101,331.25 0.00 0.00
A7 10,307,000.00 7.500000% 0.00 64,418.75 64,418.75 0.00 0.00
APO 1,253,177.86 0.000000% 5,864.79 0.00 5,864.79 0.00 0.00
WIO 248,683,507.43 0.394376% 0.00 81,729.01 81,729.01 0.00 0.00
Residual AR 100.00 7.500000% 100.00 0.63 100.63 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,451,000.00 7.500000% 5,817.97 52,818.75 58,636.72 0.00 0.00
B2 2,438,000.00 7.500000% 1,678.41 15,237.50 16,915.91 0.00 0.00
B3 1,463,000.00 7.500000% 1,007.18 9,143.75 10,150.93 0.00 0.00
B4 976,000.00 7.500000% 671.91 6,100.00 6,771.91 0.00 0.00
B5 651,000.00 7.500000% 448.17 4,068.75 4,516.92 0.00 0.00
B6 650,787.04 7.500000% 448.02 4,067.42 4,515.44 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 325,000,064.90 - 1,936,405.77 2,105,147.06 4,041,552.83 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 79,417,954.20 0.00
A2 145,039,676.49 0.00
A3 15,092,000.00 0.00
A4 8,627,000.00 0.00
A5 32,500,000.00 0.00
A6 16,213,000.00 0.00
A7 10,307,000.00 0.00
APO 1,247,313.07 0.00
WIO 247,099,585.28 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
Subordinate B1 8,445,182.03 0.00
B2 2,436,321.59 0.00
B3 1,461,992.82 0.00
B4 975,328.09 0.00
B5 650,551.83 0.00
B6 650,339.02 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 323,063,659.13 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 02/25/00
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-1
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 80,000,000.00 7.500000% 060506LB6 7.275573 6.250000 992.724427
A2 146,378,000.00 7.500000% 060506LC4 9.142928 6.250000 990.857072
A3 15,092,000.00 7.500000% 060506LD2 0.000000 6.250000 1,000.000000
A4 8,627,000.00 7.500000% 060506LE0 0.000000 6.250000 1,000.000000
A5 32,500,000.00 7.500000% 060506LF7 0.000000 6.250000 1,000.000000
A6 16,213,000.00 7.500000% 060506LG5 0.000000 6.250000 1,000.000000
A7 10,307,000.00 7.500000% 060506LH3 0.000000 6.250000 1,000.000000
APO 1,253,177.86 0.000000% 060506LJ9 4.679933 0.000000 995.320067
WIO 248,683,507.43 0.394376% 060506LS9 0.000000 0.328647 993.630771
Residual AR 100.00 7.500000% 060506LK6 1,000.000000 6.250000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 8,451,000.00 7.500000% 060506LL4 0.688436 6.250000 999.311564
B2 2,438,000.00 7.500000% 060506LM2 0.688436 6.250000 999.311564
B3 1,463,000.00 7.500000% 060506LN0 0.688436 6.250000 999.311564
B4 976,000.00 7.500000% 060506LP5 0.688436 6.250000 999.311564
B5 651,000.00 7.500000% 060506LQ3 0.688436 6.250000 999.311564
B6 650,787.04 7.500000% 060506LR1 0.688436 6.250000 999.311564
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 325,000,064.90 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
BANK OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES, Series 2000-1
Bank of America, FSB, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 323,063,659.05 323,063,659.05
Aggregated loan count 930 930
Aggregated average loan rate 8.026849% 8.03
Aggregated prepayment amount 1,712,516.53 1,712,516.53
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 59,725.82 59,725.82
Monthly sub servicer fees 0.00 0.00
Monthly trustee fees 1,083.33 1,083.33
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 6,500,001.30 6,500,001.30
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.501488% 100.000000% 310,370,277.86
-----------------------------------------------------------------------------
Junior 4.498512% 0.000000% 14,619,715.37
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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 4,041,552.83 4,041,552.83
Principal remittance amount 1,936,405.77 1,936,405.77
Interest remittance amount 2,105,147.06 2,105,147.06
