EXHIBIT 99.1

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-----------------------------------------------------------------------------------------------------------------------------
                                                    DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            2,826,890.64                15,901.26                24,935.66
   IA-3-L                     15,156,755.00           15,156,755.00                95,550.71                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           34,906,460.64               196,348.84               436,173.65
   IA-6-L                     25,717,028.00           22,449,283.96               126,277.22               216,920.22
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,809.64                     0.00
   IA-10-L                    14,360,000.00           12,928,073.14                72,720.41               114,036.97
   I-X-L*                     10,385,155.00            6,212,540.83                34,945.54                     0.00
   I-PO-L                         43,461.00               31,653.23                     0.00                    34.59
   I-B-L                       7,922,383.17            7,710,922.04                43,373.94                 8,020.75
   R-I                                50.00                    0.00                     0.00                     0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          133,965,070.95               753,375.47               800,121.84
-----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                                    DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                            REALIZED                 DEFERRED               PRINCIPAL
   CLASS                              TOTAL                   LOSSES                 INTEREST                 BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IA-1-L                         49,843.25                     0.00                     0.00            8,861,022.47
   IA-2-L                         40,836.92                     0.00                     0.00            2,801,954.98
   IA-3-L                         95,550.71                     0.00                     0.00           15,156,755.00
   IA-4-L                        106,604.66                     0.00                     0.00           18,951,940.00
   IA-5-L                        632,522.49                     0.00                     0.00           34,470,286.99
   IA-6-L                        343,197.44                     0.00                     0.00           22,232,363.74
   IA-8-L                              0.00                     0.00                     0.00                    0.00
   IA-9-L                         11,809.64                     0.00                     0.00            3,929,529.00
   IA-10-L                       186,757.38                     0.00                     0.00           12,814,036.17
   I-X-L*                         34,945.54                     0.00                     0.00            6,166,839.93
   I-PO-L                             34.59                     0.00                     0.00               31,618.64
   I-B-L                          51,394.69                     0.00                     0.00            7,702,901.29
   R-I                                 0.00                     0.00                     0.00                    0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,553,497.31                     0.00                     0.00          133,119,248.21
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                          FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                      <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                900.283643                 5.064096                 7.941293
   IA-3-L                                              1,000.000000                 6.304167                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                474.917832                 2.671413                 5.934335
   IA-6-L                                                872.934616                 4.910257                 8.434887
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 3.005358                 0.000000
   IA-10-L                                               900.283645                 5.064095                 7.941293
   I-X-L*                                                598.213588                 3.364951                 0.000000
   I-PO-L                                                728.313430                 0.000000                 0.795886
   I-B-L                                                 973.308394                 5.474860                 1.012416
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE          PASS-THROUGH
                                                            CURRENT                     RATES
                                                          PRINCIPAL
   CLASS                              TOTAL                 BALANCE                  CURRENT                     NEXT
-----------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                  <C>                         <C>                      <C>
   IA-1-L                          1.538330              273.480844                6.750000%                6.750000%
   IA-2-L                         13.005389              892.342350                6.750000%                6.750000%
   IA-3-L                          6.304167            1,000.000000                7.565000%                7.565000%
   IA-4-L                          5.625000            1,000.000000                6.750000%                6.750000%
   IA-5-L                          8.605748              468.983496                6.750000%                6.750000%
   IA-6-L                         13.345144              864.499729                6.750000%                6.750000%
   IA-8-L                          0.000000                0.000000                6.750000%                6.750000%
   IA-9-L                          3.005358            1,000.000000                3.606429%                3.606429%
   IA-10-L                        13.005389              892.342352                6.750000%                6.750000%
   I-X-L*                          3.364951              593.812989                6.750000%                6.750000%
   I-PO-L                          0.795886              727.517544                0.000000%                0.000000%
   I-B-L                           6.487276              972.295978                6.750000%                6.750000%
   R-I                             0.000000                0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  November 30, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            December 26, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-----------------------------------------------------------------------------------------------------------------------------
                                                     DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           60,781,501.06               329,233.13               793,727.27
   II-X-L*                     2,345,961.00            1,345,090.15                 7,285.90                     0.00
   II-PO-L                       148,157.00              127,306.86                     0.00                   588.85
   II-B-L                      2,314,231.16            2,068,649.35                11,205.17                 9,284.25
   R-II                               50.00                    0.00                     0.01                     0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           64,322,547.42               347,724.21               803,600.37
-----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                                     DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                     1,122,960.40                    0.00                     0.00            59,987,773.79
   II-X-L*                         7,285.90                    0.00                     0.00             1,324,544.48
   II-PO-L                           588.85                    0.00                     0.00               126,718.01
   II-B-L                         20,489.42                    0.00                     0.00             2,059,365.10
   R-II                                0.01                    0.00                     0.00                     0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,151,324.58                    0.00                     0.00            63,498,401.38
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               605.440165                 3.279468                 7.906260
   II-X-L*                                               573.364242                 3.105721                 0.000000
   II-PO-L                                               859.269964                 0.000000                 3.974500
   II-B-L                                                893.881902                 4.841854                 4.011808
   R-II                                                    0.000000                 0.200000                 0.000000

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                              TOTAL                 BALANCE                  CURRENT                     NEXT
-----------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1-L                        11.185728              597.533905                6.500000%                6.500000%
   II-X-L*                         3.105721              564.606351                6.500000%                6.500000%
   II-PO-L                         3.974500              855.295464                0.000000%                0.000000%
   II-B-L                          8.853662              889.870094                6.500000%                6.500000%
   R-II                            0.200000                0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  November 30, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            December 26, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

---------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
---------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            2,826,890.64                15,901.26                24,935.66
   IA-3                       15,156,755.00           15,156,755.00                95,550.71                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           34,906,460.64               196,348.84               436,173.65
   IA-6                       25,717,028.00           22,449,283.96               126,277.22               216,920.22
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,809.64                     0.00
   IA-10                       4,600,000.00            3,168,073.14                17,424.40               114,036.97
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              287,290.51                 1,616.01                     0.00
   I-X*                       10,385,155.00            6,212,540.83                34,945.54                     0.00
   I-PO                           43,461.00               31,653.23                     0.00                    34.59
   I-M                         3,664,102.00            3,566,301.23                20,060.44                 3,709.59
   IB-1                        1,683,506.00            1,638,570.56                 9,216.96                 1,704.41
   IB-2                          891,268.00              867,478.66                 4,879.57                   902.33
   IB-3                          693,208.00              674,705.16                 3,795.22                   701.82
   IB-4                          495,148.00              481,931.72                 2,710.87                   501.30
   IB-5                          495,151.17              481,934.71                 2,710.88                   501.30

---------------------------------------------------------------------------------------------------------------------------
TOTALS          **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
---------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           40,836.92                    0.00                     0.00             2,801,954.98
   IA-3                           95,550.71                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          632,522.49                    0.00                     0.00            34,470,286.99
   IA-6                          343,197.44                    0.00                     0.00            22,232,363.74
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,809.64                    0.00                     0.00             3,929,529.00
   IA-10                         131,461.37                    0.00                     0.00             3,054,036.17
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,616.01                    0.00                     0.00               287,290.51
   I-X*                           34,945.54                    0.00                     0.00             6,166,839.93
   I-PO                               34.59                    0.00                     0.00                31,618.64
   I-M                            23,770.03                    0.00                     0.00             3,562,591.64
   IB-1                           10,921.37                    0.00                     0.00             1,636,866.15
   IB-2                            5,781.90                    0.00                     0.00               866,576.33
   IB-3                            4,497.04                    0.00                     0.00               674,003.34
   IB-4                            3,212.17                    0.00                     0.00               481,430.42
   IB-5                            3,212.18                    0.00                     0.00               481,433.41

---------------------------------------------------------------------------------------------------------------------------
TOTALS          **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                               FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
---------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             900.283643                 5.064096                 7.941293
   IA-3            055240DX0                           1,000.000000                 6.304167                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             474.917832                 2.671413                 5.934335
   IA-6            055240EA9                             872.934616                 4.910257                 8.434887
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 3.005358                 0.000000
   IA-10           055240EE1                             688.711552                 3.787913                24.790646
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             900.283635                 5.064098                 0.000000
   I-X*            055240EJ0                             598.213588                 3.364951                 0.000000
   I-PO            055240EL5                             728.313430                 0.000000                 0.795886
   I-M             055240EN1                             973.308393                 5.474859                 1.012415
   IB-1            055240EP6                             973.308417                 5.474860                 1.012417
   IB-2            055240EQ4                             973.308432                 5.474863                 1.012412
   IB-3            055240EX9                             973.308387                 5.474865                 1.012423
   IB-4            055240EY7                             973.308425                 5.474868                 1.012425
   IB-5            055240EZ4                             973.308232                 5.474853                 1.012418

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                               FACTOR INFORMATION PER $1000 OF ORIGINAL FACE          PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
---------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          13.005389               892.342350                6.750000%                6.750000%
   IA-3                           6.304167             1,000.000000                7.565000%                7.565000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                           8.605748               468.983496                6.750000%                6.750000%
   IA-6                          13.345144               864.499729                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           3.005358             1,000.000000                3.606429%                3.606429%
   IA-10                         28.578559               663.920907                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.064098               900.283635                6.750000%                6.750000%
   I-X*                           3.364951               593.812989                6.750000%                6.750000%
   I-PO                           0.795886               727.517544                0.000000%                0.000000%
   I-M                            6.487273               972.295979                6.750000%                6.750000%
   IB-1                           6.487277               972.296000                6.750000%                6.750000%
   IB-2                           6.487274               972.296021                6.750000%                6.750000%
   IB-3                           6.487288               972.295963                6.750000%                6.750000%
   IB-4                           6.487293               972.296000                6.750000%                6.750000%
   IB-5                           6.487271               972.295814                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  November 30, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            December 26, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

---------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
---------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           60,781,501.06               329,233.13               793,727.27
   II-X*                       2,345,961.00            1,345,090.15                 7,285.90                     0.00
   II-PO                         148,157.00              127,306.86                     0.00                   588.85
   IIM                           874,264.00              781,488.76                 4,233.06                 3,507.38
   IIB-1                         462,846.00              413,729.64                 2,241.04                 1,856.85
   IIB-2                         308,564.00              275,819.79                 1,494.02                 1,237.90
   IIB-3                         308,564.00              275,819.79                 1,494.02                 1,237.90
   IIB-4                         154,282.00              137,909.89                   747.01                   618.95
   IIB-5                         205,711.16              183,881.48                   996.02                   825.27
   R-III                              50.00                    0.00                     0.00                     0.00

---------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          198,574,908.88             1,101,099.67             1,603,722.21
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
---------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,122,960.40                    0.00                     0.00            59,987,773.79
   II-X*                           7,285.90                    0.00                     0.00             1,324,544.48
   II-PO                             588.85                    0.00                     0.00               126,718.01
   IIM                             7,740.44                    0.00                     0.00               777,981.38
   IIB-1                           4,097.89                    0.00                     0.00               411,872.79
   IIB-2                           2,731.92                    0.00                     0.00               274,581.89
   IIB-3                           2,731.92                    0.00                     0.00               274,581.89
   IIB-4                           1,365.96                    0.00                     0.00               137,290.94
   IIB-5                           1,821.29                    0.00                     0.00               183,056.21
   R-III                               0.00                    0.00                     0.00                     0.00

---------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,704,821.88                    0.00                     0.00           196,904,940.10
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
---------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             605.440165                 3.279468                 7.906260
   II-X*           055240EK7                             573.364242                 3.105721                 0.000000
   II-PO           055240EM3                             859.269964                 0.000000                 3.974500
   IIM             055240ER2                             893.881894                 4.841856                 4.011809
   IIB-1           055240ES0                             893.881853                 4.841870                 4.011810
   IIB-2           055240ET8                             893.881950                 4.841848                 4.011810
   IIB-3           055240FA8                             893.881950                 4.841848                 4.011810
   IIB-4           055240FB6                             893.881918                 4.841848                 4.011810
   IIB-5           055240FC4                             893.881888                 4.841837                 4.011790
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE           PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
---------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         11.185728               597.533905                6.500000%                6.500000%
   II-X*                          3.105721               564.606351                6.500000%                6.500000%
   II-PO                          3.974500               855.295464                0.000000%                0.000000%
   IIM                            8.853664               889.870085                6.500000%                6.500000%
   IIB-1                          8.853679               889.870043                6.500000%                6.500000%
   IIB-2                          8.853658               889.870140                6.500000%                6.500000%
   IIB-3                          8.853658               889.870140                6.500000%                6.500000%
   IIB-4                          8.853658               889.870108                6.500000%                6.500000%
   IIB-5                          8.853628               889.870097                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  November 30, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            December 26, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 December 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                     GROUP I            GROUP II

<S>                       <C>                      <C>                                          <C>                  <C>
                          BEGINNING BALANCE OF POOL                                             127,752,530.54       62,977,457.51
                          LESS:                    SCHEDULED PRINCIPAL                             (132,887.30)        (282,641.93)
                                                   PRINCIPAL PREPAYMENTS                           (667,234.54)        (520,958.44)
                                                   REPURCHASES                                            0.00                0.00
                                                   LIQUIDATIONS                                           0.00                0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                            0.00                0.00
                                                                                             ------------------   -----------------
                          ENDING BALANCE OF POOL                                                126,952,408.70       62,173,857.14
                                                                                             ==================   =================

                          BEGINNING NUMBER OF LOANS IN POOL                                                414                 213
                          ENDING NUMBER OF LOANS IN POOL                                                   411                 211

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                      314                 143
                          WEIGHTED AVERAGE NET CONTRACT RATE                                         7.529701%           7.079866%

                          CURRENT REALIZED LOSSES ON THE POOL                                             0.00                0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                          0.00                0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                              30 TO 59                 60 TO 89                 90 PLUS
LOAN INFORMATION *                                                  DAYS                     DAYS                    DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                              <C>                      <C>                     <C>
GROUP I                   PRINCIPAL BALANCE                                   0.00                     0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                    0.0000%                  0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                        0                        0                       0
                               PERCENTAGE OF LOANS                         0.0000%                  0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                   0.00                     0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                    0.0000%                  0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                        0                        0                       0
                               PERCENTAGE OF LOANS                         0.0000%                  0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                            LOANS                    LOANS                    LOANS
FORECLOSURE, AND REO                                                 IN                       IN                      IN
LOAN INFORMATION *                                               BANKRUPTCY              FORECLOSURE                  REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                           <C>                         <C>                     <C>
GROUP I                   PRINCIPAL BALANCE                             285,806.57                     0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                    0.2251%                  0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                        1                        0                       0
                               PERCENTAGE OF LOANS                         0.2433%                  0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                   0.00                     0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                    0.0000%                  0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                        0                        0                       0
                               PERCENTAGE OF LOANS                         0.0000%                  0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                         0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                        0.00

<CAPTION>
SERVICING INFORMATION:                                                                         GROUP I              GROUP II

<S>                       <C>                      <C>                                               <C>                 <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                       47,495.00           23,468.35
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                      0.00                0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL          (1,460.36)          (1,264.84)
                                                   DELINQUENT SERVICING FEES                         (6,444.34)          (2,237.09)
                                                                                             ------------------   -----------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                        39,590.30           19,966.42
                                                                                             ==================   =================

                          ADVANCED PRINCIPAL                                                         15,393.18           28,613.07
                          ADVANCED INTEREST                                                          94,977.01           36,807.07

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:    December 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                   OTHER                                        CUMULATIVE
                        PREPAYMENT              UNSCHEDULED              CERTIFICATE              UNPAID             CUMULATIVE
                         PRINCIPAL               PRINCIPAL                INTEREST               INTEREST             REALIZED
      CLASS             DISTRIBUTED             DISTRIBUTED               SHORTFALL             SHORTFALL              LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                      <C>                              <C>                     <C>                    <C>                  <C>
   CLASS IA-1                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-2               21,005.73                     0.00                    0.00                   0.00                 0.00
   CLASS IA-3                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-4                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-5              367,431.43                     0.00                    0.00                   0.00                 0.00
   CLASS IA-6              182,732.97                     0.00                    0.00                   0.00                 0.00
   CLASS IA-7                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-8                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-9                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-10              96,064.42                     0.00                    0.00                   0.00                 0.00
   CLASS IA-11                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IA-12                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS I-X                     0.00                     0.00                    0.00                   0.00                 0.00
   CLASS I-PO                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS I-M                     0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IB-1                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IB-2                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IB-3                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IB-4                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IB-5                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIA-1             520,935.42                     0.00                    0.00                   0.00                 0.00
   CLASS II-X                    0.00                     0.00                    0.00                   0.00                 0.00
   CLASS II-PO                  23.02                     0.00                    0.00                   0.00                 0.00
   CLASS IIM                     0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIB-1                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIB-2                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIB-3                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIB-4                   0.00                     0.00                    0.00                   0.00                 0.00
   CLASS IIB-5                   0.00                     0.00                    0.00                   0.00                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS              1,188,192.98                     0.00                    0.00                   0.00                 0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 December 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                              <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                      93.962677%
                          GROUP IA PREPAYMENT PERCENTAGE                                                          100.000000%
                          GROUP IIA PERCENTAGE                                                                     96.708601%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                         100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                          8,020.75
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                         9,284.25
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                      NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                     NO

                          GROUP I BANKRUPTCY AMOUNT                                                                100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                               100,000.00
                          FRAUD LOSS AMOUNT                                                                      3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                  3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                      0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                   0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                  0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                    <C>
   IA-1-L                     32,400,889.00            9,901,158.38                55,694.02               722,018.66
   IA-2-L                      3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3-L                     15,156,755.00           15,156,755.00                85,493.57                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           42,324,767.87               238,076.82               942,980.74
   IA-6-L                     25,717,028.00           25,717,028.00               144,658.28                47,399.91
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                21,866.78                     0.00
   IA-10-L                    14,360,000.00           14,360,000.00                80,775.00                     0.00
   I-X-L*                     10,385,155.00            6,876,075.55                38,677.92                     0.00
   I-PO-L                         43,461.00               36,809.89                     0.00                    45.98
   I-B-L                       7,922,383.17            7,787,237.82                43,803.21                 7,329.77
   R-I                                50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          148,181,301.51               833,312.76             1,719,775.06
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                        777,712.68                    0.00                     0.00             9,179,139.72
   IA-2-L                         17,662.50                    0.00                     0.00             3,140,000.00
   IA-3-L                         85,493.57                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                      1,181,057.56                    0.00                     0.00            41,381,787.13
   IA-6-L                        192,058.19                    0.00                     0.00            25,669,628.09
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         21,866.78                    0.00                     0.00             3,929,529.00
   IA-10-L                        80,775.00                    0.00                     0.00            14,360,000.00
   I-X-L*                         38,677.92                    0.00                     0.00             6,780,481.85
   I-PO-L                             45.98                    0.00                     0.00                36,763.91
   I-B-L                          51,132.98                    0.00                     0.00             7,779,908.05
   R-I                                 0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,553,087.82                    0.00                     0.00           146,365,932.75
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                305.582923                 1.718904                22.283915
   IA-2-L                                              1,000.000000                 5.625000                 0.000000
   IA-3-L                                              1,000.000000                 5.640625                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                575.847182                 3.239140                12.829670
   IA-6-L                                              1,000.000000                 5.625000                 1.843133
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 5.564733                 0.000000
   IA-10-L                                             1,000.000000                 5.625000                 0.000000
   I-X-L*                                                662.106204                 3.724347                 0.000000
   I-PO-L                                                846.963715                 0.000000                 1.057960
   I-B-L                                                 982.941326                 5.529045                 0.925198
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                        24.002819               283.299008                6.750000%                6.750000%
   IA-2-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-3-L                         5.640625             1,000.000000                6.768750%                6.827500%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        16.068810               563.017512                6.750000%                6.750000%
   IA-6-L                         7.468133               998.156867                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         5.564733             1,000.000000                6.677679%                6.451071%
   IA-10-L                        5.625000             1,000.000000                6.750000%                6.750000%
   I-X-L*                         3.724347               652.901363                6.750000%                6.750000%
   I-PO-L                         1.057960               845.905755                0.000000%                0.000000%
   I-B-L                          6.454242               982.016129                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  January 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            February 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

--------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           68,104,501.25               368,899.38               495,820.40
   II-X-L*                     2,345,961.00            1,500,795.96                 8,129.31                     0.00
   II-PO-L                       148,157.00              133,094.51                     0.00                   575.44
   II-B-L                      2,314,231.16            2,157,990.30                11,689.11                 8,628.32
   R-II                               50.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           71,896,382.02               388,717.80               505,024.16
--------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IIA-1-L                       864,719.78                    0.00                     0.00            67,608,680.85
   II-X-L*                         8,129.31                    0.00                     0.00             1,489,212.11
   II-PO-L                           575.44                    0.00                     0.00               132,519.07
   II-B-L                         20,317.43                    0.00                     0.00             2,149,361.98
   R-II                                0.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                           893,741.96                    0.00                     0.00            71,379,774.01
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               678.384044                 3.674580                 4.938831
   II-X-L*                                               639.736108                 3.465237                 0.000000
   II-PO-L                                               898.334267                 0.000000                 3.883988
   II-B-L                                                932.486926                 5.050969                 3.728374
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
--------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1-L                        8.613412               673.445213                6.500000%                6.500000%
   II-X-L*                        3.465237               634.798324                6.500000%                6.500000%
   II-PO-L                        3.883988               894.450279                0.000000%                0.000000%
   II-B-L                         8.779343               928.758552                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  January 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            February 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                                                            DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            9,479,832.58                55,694.02               691,294.47
   IA-2                        3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3                       15,156,755.00           15,156,755.00                85,493.57                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           42,324,767.87               238,076.82               942,980.74
   IA-6                       25,717,028.00           25,717,028.00               144,658.28                47,399.91
   IA-7                        1,378,761.00              421,325.80                     0.00                30,724.19
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                21,866.78                     0.00
   IA-10                       4,600,000.00            4,600,000.00                25,300.00                     0.00
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              319,111.11                 1,795.00                     0.00
   I-X*                       10,385,155.00            6,876,075.55                38,677.92                     0.00
   I-PO                           43,461.00               36,809.89                     0.00                    45.98
   I-M                         3,664,102.00            3,601,597.29                20,258.98                 3,390.02
   IB-1                        1,683,506.00            1,654,787.64                 9,308.18                 1,557.58
   IB-2                          891,268.00              876,064.17                 4,927.86                   824.60
   IB-3                          693,208.00              681,382.78                 3,832.78                   641.35
   IB-4                          495,148.00              486,701.44                 2,737.70                   458.11
   IB-5                          495,151.17              486,704.50                 2,737.71                   458.11

------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------

                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IA-1                          746,988.49                    0.00                     0.00             8,788,538.11
   IA-2                           17,662.50                    0.00                     0.00             3,140,000.00
   IA-3                           85,493.57                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                        1,181,057.56                    0.00                     0.00            41,381,787.13
   IA-6                          192,058.19                    0.00                     0.00            25,669,628.09
   IA-7                           30,724.19                    0.00                     0.00               390,601.61
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           21,866.78                    0.00                     0.00             3,929,529.00
   IA-10                          25,300.00                    0.00                     0.00             4,600,000.00
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,795.00                    0.00                     0.00               319,111.11
   I-X*                           38,677.92                    0.00                     0.00             6,780,481.85
   I-PO                               45.98                    0.00                     0.00                36,763.91
   I-M                            23,649.00                    0.00                     0.00             3,598,207.27
   IB-1                           10,865.76                    0.00                     0.00             1,653,230.06
   IB-2                            5,752.46                    0.00                     0.00               875,239.57
   IB-3                            4,474.13                    0.00                     0.00               680,741.43
   IB-4                            3,195.81                    0.00                     0.00               486,243.33
   IB-5                            3,195.82                    0.00                     0.00               486,246.39

------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             305.582924                 1.795300                22.283915
   IA-2            055240DW2                           1,000.000000                 5.625000                 0.000000
   IA-3            055240DX0                           1,000.000000                 5.640625                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             575.847182                 3.239140                12.829670
   IA-6            055240EA9                           1,000.000000                 5.625000                 1.843133
   IA-7            055240EB7                             305.582911                 0.000000                22.283913
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 5.564733                 0.000000
   IA-10           055240EE1                           1,000.000000                 5.500000                 0.000000
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                           1,000.000000                 5.625000                 0.000000
   I-X*            055240EJ0                             662.106204                 3.724347                 0.000000
   I-PO            055240EL5                             846.963715                 0.000000                 1.057960
   I-M             055240EN1                             982.941329                 5.529044                 0.925198
   IB-1            055240EP6                             982.941338                 5.529045                 0.925200
   IB-2            055240EQ4                             982.941349                 5.529044                 0.925199
   IB-3            055240EX9                             982.941311                 5.529048                 0.925191
   IB-4            055240EY7                             982.941343                 5.529054                 0.925198
   IB-5            055240EZ4                             982.941230                 5.529039                 0.925192

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE           PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                          24.079215               283.299009                7.050000%                7.050000%
   IA-2                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-3                           5.640625             1,000.000000                6.768750%                6.827500%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          16.068810               563.017512                6.750000%                6.750000%
   IA-6                           7.468133               998.156867                6.750000%                6.750000%
   IA-7                          22.283913               283.298998                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           5.564733             1,000.000000                6.677679%                6.451071%
   IA-10                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.625000             1,000.000000                6.750000%                6.750000%
   I-X*                           3.724347               652.901363                6.750000%                6.750000%
   I-PO                           1.057960               845.905755                0.000000%                0.000000%
   I-M                            6.454242               982.016131                6.750000%                6.750000%
   IB-1                           6.454245               982.016138                6.750000%                6.750000%
   IB-2                           6.454243               982.016150                6.750000%                6.750000%
   IB-3                           6.454239               982.016119                6.750000%                6.750000%
   IB-4                           6.454252               982.016145                6.750000%                6.750000%
   IB-5                           6.454231               982.016038                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  January 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            February 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           68,104,501.25               368,899.38               495,820.40
   II-X*                       2,345,961.00            1,500,795.96                 8,129.31                     0.00
   II-PO                         148,157.00              133,094.51                     0.00                   575.44
   IIM                           874,264.00              815,239.76                 4,415.88                 3,259.59
   IIB-1                         462,846.00              431,597.82                 2,337.82                 1,725.66
   IIB-2                         308,564.00              287,731.90                 1,558.55                 1,150.44
   IIB-3                         308,564.00              287,731.90                 1,558.55                 1,150.44
   IIB-4                         154,282.00              143,865.95                   779.27                   575.22
   IIB-5                         205,711.16              191,822.97                 1,039.04                   766.97
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          220,396,794.64             1,222,030.56             2,224,799.22
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                    DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                         864,719.78                    0.00                     0.00            67,608,680.85
   II-X*                           8,129.31                    0.00                     0.00             1,489,212.11
   II-PO                             575.44                    0.00                     0.00               132,519.07
   IIM                             7,675.47                    0.00                     0.00               811,980.17
   IIB-1                           4,063.48                    0.00                     0.00               429,872.16
   IIB-2                           2,708.99                    0.00                     0.00               286,581.46
   IIB-3                           2,708.99                    0.00                     0.00               286,581.46
   IIB-4                           1,354.49                    0.00                     0.00               143,290.73
   IIB-5                           1,806.01                    0.00                     0.00               191,056.00
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         3,446,829.78                    0.00                     0.00           218,064,817.87
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             678.384044                 3.674580                 4.938831
   II-X*           055240EK7                             639.736108                 3.465237                 0.000000
   II-PO           055240EM3                             898.334267                 0.000000                 3.883988
   IIM             055240ER2                             932.486938                 5.050969                 3.728382
   IIB-1           055240ES0                             932.486875                 5.050967                 3.728368
   IIB-2           055240ET8                             932.486940                 5.050978                 3.728368
   IIB-3           055240FA8                             932.486940                 5.050978                 3.728368
   IIB-4           055240FB6                             932.486940                 5.050946                 3.728368
   IIB-5           055240FC4                             932.486939                 5.050966                 3.728383
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                               FACTOR INFORMATION PER $1000 OF ORIGINAL FACE         PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1                          8.613412               673.445213                6.500000%                6.500000%
   II-X*                          3.465237               634.798324                6.500000%                6.500000%
   II-PO                          3.883988               894.450279                0.000000%                0.000000%
   IIM                            8.779350               928.758556                6.500000%                6.500000%
   IIB-1                          8.779335               928.758507                6.500000%                6.500000%
   IIB-2                          8.779346               928.758572                6.500000%                6.500000%
   IIB-3                          8.779346               928.758572                6.500000%                6.500000%
   IIB-4                          8.779313               928.758572                6.500000%                6.500000%
   IIB-5                          8.779349               928.758556                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  January 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            February 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 February 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                     GROUP I            GROUP II
--------------------------                                                                     -------            --------
<S>                       <C>                                                                   <C>                  <C>
                          BEGINNING BALANCE OF POOL                                             141,305,226.34       70,395,586.34
                          LESS:                    SCHEDULED PRINCIPAL                             (133,006.08)        (281,465.89)
                                                   PRINCIPAL PREPAYMENTS                         (1,586,768.98)        (223,558.27)
                                                   REPURCHASES                                            0.00                0.00
                                                   LIQUIDATIONS                                           0.00                0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                            0.00                0.00
                                                                                              -----------------  ------------------
                          ENDING BALANCE OF POOL                                                139,585,451.28       69,890,562.18
                                                                                              =================  ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                                453                 229
                          ENDING NUMBER OF LOANS IN POOL                                                   449                 228

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                      326                 154
                          WEIGHTED AVERAGE NET CONTRACT RATE                                         7.534177%           7.085347%

                          CURRENT REALIZED LOSSES ON THE POOL                                             0.00                0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                          0.00                0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                30 TO 59                 60 TO 89               90 PLUS
LOAN INFORMATION *                                                    DAYS                     DAYS                  DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                             <C>                         <C>                   <C>
GROUP I                   PRINCIPAL BALANCE                                     0.00                     0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                      0.0000%                  0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                          0                        0                     0
                               PERCENTAGE OF LOANS                           0.0000%                  0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                               507,958.31                     0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                      0.7268%                  0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                          1                        0                     0
                               PERCENTAGE OF LOANS                           0.4386%                  0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                              LOANS                    LOANS                  LOANS
FORECLOSURE, AND REO                                                   IN                       IN                    IN
LOAN INFORMATION *                                                 BANKRUPTCY              FORECLOSURE                REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                             <C>                         <C>                   <C>
GROUP I                   PRINCIPAL BALANCE                               518,274.26                     0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                      0.3713%                  0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                          2                        0                     0
                               PERCENTAGE OF LOANS                           0.4454%                  0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                     0.00                     0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                      0.0000%                  0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                          0                        0                     0
                               PERCENTAGE OF LOANS                           0.0000%                  0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                           0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                          0.00

<CAPTION>
SERVICING INFORMATION:                                                                         GROUP I            GROUP II
----------------------                                                                         -------            --------
<S>                                                                                                  <C>                 <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                       53,045.55           26,519.19
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                      0.00                0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL          (4,709.46)            (951.57)
                                                   DELINQUENT SERVICING FEES                         (1,132.92)            (385.81)
                                                                                              -----------------  ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                        47,203.17           25,181.81
                                                                                              =================  ==================

                          ADVANCED PRINCIPAL                                                          2,528.17            4,275.49
                          ADVANCED INTEREST                                                          17,276.28            5,148.43

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:      February 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                     OTHER                                      CUMULATIVE
                             PREPAYMENT           UNSCHEDULED            CERTIFICATE              UNPAID              CUMULATIVE
                              PRINCIPAL            PRINCIPAL              INTEREST               INTEREST              REALIZED
      CLASS                  DISTRIBUTED          DISTRIBUTED             SHORTFALL             SHORTFALL               LOSSES

------------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                           <C>                   <C>                    <C>                   <C>
   CLASS IA-1                   640,573.83                  0.00                  0.00                   0.00                  0.00
   CLASS IA-2                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-3                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-4                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-5                   873,793.75                  0.00                  0.00                   0.00                  0.00
   CLASS IA-6                    43,922.15                  0.00                  0.00                   0.00                  0.00
   CLASS IA-7                    28,469.94                  0.00                  0.00                   0.00                  0.00
   CLASS IA-8                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-9                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-10                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-11                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IA-12                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS I-X                          0.00                  0.00                  0.00                   0.00                  0.00
   CLASS I-PO                         9.31                  0.00                  0.00                   0.00                  0.00
   CLASS I-M                          0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IB-1                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IB-2                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IB-3                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IB-4                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IB-5                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIA-1                  223,517.39                  0.00                  0.00                   0.00                  0.00
   CLASS II-X                         0.00                  0.00                  0.00                   0.00                  0.00
   CLASS II-PO                       40.88                  0.00                  0.00                   0.00                  0.00
   CLASS IIM                          0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIB-1                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIB-2                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIB-3                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIB-4                        0.00                  0.00                  0.00                   0.00                  0.00
   CLASS IIB-5                        0.00                  0.00                  0.00                   0.00                  0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                   1,810,327.25                  0.00                  0.00                   0.00                  0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 February 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                                  <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                          94.487630%
                          GROUP IA PREPAYMENT PERCENTAGE                                                              100.000000%
                          GROUP IIA PERCENTAGE                                                                         96.928674%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                             100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                              7,329.77
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                             8,628.32
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                          NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                         NO

                          GROUP I BANKRUPTCY AMOUNT                                                                    100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                   100,000.00
                          FRAUD LOSS AMOUNT                                                                          3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                      3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                          0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                       0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                      0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                    <C>
   IA-1-L                     32,400,889.00            9,179,139.72                51,632.66               187,882.47
   IA-2-L                      3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3-L                     15,156,755.00           15,156,755.00                86,235.62                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           41,381,787.13               232,772.55               589,680.01
   IA-6-L                     25,717,028.00           25,669,628.09               144,391.66               293,262.82
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                21,124.73                     0.00
   IA-10-L                    14,360,000.00           14,360,000.00                80,775.00                     0.00
   I-X-L*                     10,385,155.00            6,780,481.85                38,140.21                     0.00
   I-PO-L                         43,461.00               36,763.91                     0.00                    41.76
   I-B-L                       7,922,383.17            7,779,908.05                43,761.99                 7,427.68
   R-I                                50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          146,365,932.75               823,101.58             1,078,294.74
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                        239,515.13                    0.00                     0.00             8,991,257.25
   IA-2-L                         17,662.50                    0.00                     0.00             3,140,000.00
   IA-3-L                         86,235.62                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        822,452.56                    0.00                     0.00            40,792,107.12
   IA-6-L                        437,654.48                    0.00                     0.00            25,376,365.27
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         21,124.73                    0.00                     0.00             3,929,529.00
   IA-10-L                        80,775.00                    0.00                     0.00            14,360,000.00
   I-X-L*                         38,140.21                    0.00                     0.00             6,729,862.63
   I-PO-L                             41.76                    0.00                     0.00                36,722.15
   I-B-L                          51,189.67                    0.00                     0.00             7,772,480.37
   R-I                                 0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,901,396.32                    0.00                     0.00           145,237,018.79
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                283.299008                 1.593557                 5.798683
   IA-2-L                                              1,000.000000                 5.625000                 0.000000
   IA-3-L                                              1,000.000000                 5.689583                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                563.017512                 3.166973                 8.022857
   IA-6-L                                                998.156867                 5.614632                11.403449
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 5.375894                 0.000000
   IA-10-L                                             1,000.000000                 5.625000                 0.000000
   I-X-L*                                                652.901363                 3.672570                 0.000000
   I-PO-L                                                845.905755                 0.000000                 0.960861
   I-B-L                                                 982.016129                 5.523842                 0.937556
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         7.392239               277.500326                6.750000%                6.750000%
   IA-2-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-3-L                         5.689583             1,000.000000                6.827500%                7.078750%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        11.189831               554.994655                6.750000%                6.750000%
   IA-6-L                        17.018082               986.753418                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         5.375894             1,000.000000                6.451071%                5.481964%
   IA-10-L                        5.625000             1,000.000000                6.750000%                6.750000%
   I-X-L*                         3.672570               648.027172                6.750000%                6.750000%
   I-PO-L                         0.960861               844.944893                0.000000%                0.000000%
   I-B-L                          6.461398               981.078572                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  February 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:             March 27, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           67,608,680.85               366,213.69               351,273.54
   II-X-L*                     2,345,961.00            1,489,212.11                 8,066.57                     0.00
   II-PO-L                       148,157.00              132,519.07                     0.00                   555.75
   II-B-L                      2,314,231.16            2,149,361.98                11,642.39                 8,712.52
   R-II                               50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           71,379,774.01               385,922.65               360,541.81
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IIA-1-L                       717,487.23                    0.00                     0.00            67,257,407.31
   II-X-L*                         8,066.57                    0.00                     0.00             1,481,703.41
   II-PO-L                           555.75                    0.00                     0.00               131,963.32
   II-B-L                         20,354.91                    0.00                     0.00             2,140,649.46
   R-II                                0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                           746,464.46                    0.00                     0.00            71,011,723.50
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               673.445213                 3.647828                 3.499010
   II-X-L*                                               634.798324                 3.438493                 0.000000
   II-PO-L                                               894.450279                 0.000000                 3.751088
   II-B-L                                                928.758552                 5.030781                 3.764758
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
----------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1-L                        7.146839               669.946202                6.500000%                6.500000%
   II-X-L*                        3.438493               631.597631                6.500000%                6.500000%
   II-PO-L                        3.751088               890.699191                0.000000%                0.000000%
   II-B-L                         8.795539               924.993794                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  February 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:             March 27, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

----------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
----------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,788,538.11                51,632.66               179,887.47
   IA-2                        3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3                       15,156,755.00           15,156,755.00                86,235.62                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           41,381,787.13               232,772.55               589,680.01
   IA-6                       25,717,028.00           25,669,628.09               144,391.66               293,262.82
   IA-7                        1,378,761.00              390,601.61                     0.00                 7,995.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                21,124.73                     0.00
   IA-10                       4,600,000.00            4,600,000.00                25,300.00                     0.00
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              319,111.11                 1,795.00                     0.00
   I-X*                       10,385,155.00            6,780,481.85                38,140.21                     0.00
   I-PO                           43,461.00               36,763.91                     0.00                    41.76
   I-M                         3,664,102.00            3,598,207.27                20,239.92                 3,435.30
   IB-1                        1,683,506.00            1,653,230.06                 9,299.42                 1,578.38
   IB-2                          891,268.00              875,239.57                 4,923.22                   835.61
   IB-3                          693,208.00              680,741.43                 3,829.17                   649.92
   IB-4                          495,148.00              486,243.33                 2,735.12                   464.23
   IB-5                          495,151.17              486,246.39                 2,735.14                   464.24

----------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
----------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                          231,520.13                    0.00                     0.00             8,608,650.64
   IA-2                           17,662.50                    0.00                     0.00             3,140,000.00
   IA-3                           86,235.62                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          822,452.56                    0.00                     0.00            40,792,107.12
   IA-6                          437,654.48                    0.00                     0.00            25,376,365.27
   IA-7                            7,995.00                    0.00                     0.00               382,606.61
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           21,124.73                    0.00                     0.00             3,929,529.00
   IA-10                          25,300.00                    0.00                     0.00             4,600,000.00
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,795.00                    0.00                     0.00               319,111.11
   I-X*                           38,140.21                    0.00                     0.00             6,729,862.63
   I-PO                               41.76                    0.00                     0.00                36,722.15
   I-M                            23,675.22                    0.00                     0.00             3,594,771.97
   IB-1                           10,877.80                    0.00                     0.00             1,651,651.68
   IB-2                            5,758.83                    0.00                     0.00               874,403.96
   IB-3                            4,479.09                    0.00                     0.00               680,091.51
   IB-4                            3,199.35                    0.00                     0.00               485,779.10
   IB-5                            3,199.38                    0.00                     0.00               485,782.15

----------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
----------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             283.299009                 1.664382                 5.798682
   IA-2            055240DW2                           1,000.000000                 5.625000                 0.000000
   IA-3            055240DX0                           1,000.000000                 5.689583                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             563.017512                 3.166973                 8.022857
   IA-6            055240EA9                             998.156867                 5.614632                11.403449
   IA-7            055240EB7                             283.298998                 0.000000                 5.798684
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 5.375894                 0.000000
   IA-10           055240EE1                           1,000.000000                 5.500000                 0.000000
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                           1,000.000000                 5.625000                 0.000000
   I-X*            055240EJ0                             652.901363                 3.672570                 0.000000
   I-PO            055240EL5                             845.905755                 0.000000                 0.960861
   I-M             055240EN1                             982.016131                 5.523842                 0.937556
   IB-1            055240EP6                             982.016138                 5.523841                 0.937555
   IB-2            055240EQ4                             982.016150                 5.523838                 0.937552
   IB-3            055240EX9                             982.016119                 5.523840                 0.937554
   IB-4            055240EY7                             982.016145                 5.523843                 0.937558
   IB-5            055240EZ4                             982.016038                 5.523848                 0.937572

<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
----------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           7.463064               277.500326                7.050000%                7.050000%
   IA-2                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-3                           5.689583             1,000.000000                6.827500%                7.078750%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          11.189831               554.994655                6.750000%                6.750000%
   IA-6                          17.018082               986.753418                6.750000%                6.750000%
   IA-7                           5.798684               277.500314                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           5.375894             1,000.000000                6.451071%                5.481964%
   IA-10                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.625000             1,000.000000                6.750000%                6.750000%
   I-X*                           3.672570               648.027172                6.750000%                6.750000%
   I-PO                           0.960861               844.944893                0.000000%                0.000000%
   I-M                            6.461398               981.078575                6.750000%                6.750000%
   IB-1                           6.461397               981.078582                6.750000%                6.750000%
   IB-2                           6.461390               981.078598                6.750000%                6.750000%
   IB-3                           6.461394               981.078565                6.750000%                6.750000%
   IB-4                           6.461401               981.078587                6.750000%                6.750000%
   IB-5                           6.461421               981.078465                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  February 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:             March 27, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           67,608,680.85               366,213.69               351,273.54
   II-X*                       2,345,961.00            1,489,212.11                 8,066.57                     0.00
   II-PO                         148,157.00              132,519.07                     0.00                   555.75
   IIM                           874,264.00              811,980.17                 4,398.23                 3,291.39
   IIB-1                         462,846.00              429,872.16                 2,328.47                 1,742.51
   IIB-2                         308,564.00              286,581.46                 1,552.32                 1,161.67
   IIB-3                         308,564.00              286,581.46                 1,552.32                 1,161.67
   IIB-4                         154,282.00              143,290.73                   776.16                   580.84
   IIB-5                         205,711.16              191,056.00                 1,034.89                   774.44
   R-III                              50.00                    0.00                     0.00                     0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          218,064,817.87             1,209,024.23             1,438,836.55
-----------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                         717,487.23                    0.00                     0.00            67,257,407.31
   II-X*                           8,066.57                    0.00                     0.00             1,481,703.41
   II-PO                             555.75                    0.00                     0.00               131,963.32
   IIM                             7,689.62                    0.00                     0.00               808,688.78
   IIB-1                           4,070.98                    0.00                     0.00               428,129.65
   IIB-2                           2,713.99                    0.00                     0.00               285,419.79
   IIB-3                           2,713.99                    0.00                     0.00               285,419.79
   IIB-4                           1,357.00                    0.00                     0.00               142,709.89
   IIB-5                           1,809.33                    0.00                     0.00               190,281.56
   R-III                               0.00                    0.00                     0.00                     0.00

-----------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,647,860.78                    0.00                     0.00           216,567,853.40
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             673.445213                 3.647828                 3.499010
   II-X*           055240EK7                             634.798324                 3.438493                 0.000000
   II-PO           055240EM3                             894.450279                 0.000000                 3.751088
   IIM             055240ER2                             928.758556                 5.030780                 3.764755
   IIB-1           055240ES0                             928.758507                 5.030766                 3.764773
   IIB-2           055240ET8                             928.758572                 5.030788                 3.764762
   IIB-3           055240FA8                             928.758572                 5.030788                 3.764762
   IIB-4           055240FB6                             928.758572                 5.030788                 3.764794
   IIB-5           055240FC4                             928.758556                 5.030792                 3.764696
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-----------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1                          7.146839               669.946202                6.500000%                6.500000%
   II-X*                          3.438493               631.597631                6.500000%                6.500000%
   II-PO                          3.751088               890.699191                0.000000%                0.000000%
   IIM                            8.795535               924.993800                6.500000%                6.500000%
   IIB-1                          8.795539               924.993734                6.500000%                6.500000%
   IIB-2                          8.795550               924.993810                6.500000%                6.500000%
   IIB-3                          8.795550               924.993810                6.500000%                6.500000%
   IIB-4                          8.795582               924.993778                6.500000%                6.500000%
   IIB-5                          8.795488               924.993860                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  February 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:             March 27, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 March 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            139,585,451.28        69,890,562.18
                          LESS:                    SCHEDULED PRINCIPAL                            (133,267.52)         (283,304.84)
                                                   PRINCIPAL PREPAYMENTS                          (945,027.21)          (77,236.98)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               138,507,156.55        69,530,020.36
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               449                  228
                          ENDING NUMBER OF LOANS IN POOL                                                  446                  228

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     325                  153
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.530950%            7.084548%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                        30 TO 59              60 TO 89            90 PLUS
LOAN INFORMATION *                                                            DAYS                  DAYS               DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                   <C>                      <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                           0.00                  0.00               0.00
                               PERCENTAGE OF GROUP BAL.                            0.0000%               0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                0                     0                  0
                               PERCENTAGE OF LOANS                                 0.0000%               0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                     507,958.31                  0.00               0.00
                               PERCENTAGE OF GROUP BAL.                            0.7306%               0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                1                     0                  0
                               PERCENTAGE OF LOANS                                 0.4386%               0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                      LOANS                 LOANS               LOANS
FORECLOSURE, AND REO                                                           IN                    IN                 IN
LOAN INFORMATION *                                                         BANKRUPTCY           FORECLOSURE             REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                   <C>                      <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                     885,771.70                  0.00               0.00
                               PERCENTAGE OF GROUP BAL.                            0.6395%               0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                3                     0                  0
                               PERCENTAGE OF LOANS                                 0.6726%               0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                           0.00                  0.00               0.00
                               PERCENTAGE OF GROUP BAL.                            0.0000%               0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                0                     0                  0
                               PERCENTAGE OF LOANS                                 0.0000%               0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                              0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                             0.00

<CAPTION>
SERVICING INFORMATION:                                                                         GROUP I             GROUP II
----------------------                                                                         -------             --------
<S>                                                                                                 <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      52,093.81            26,288.89
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (3,061.41)                0.00
                                                   DELINQUENT SERVICING FEES                             0.00                 0.00
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       49,032.40            26,288.89
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                             0.00                 0.00
                          ADVANCED INTEREST                                                              0.00                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:         March 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                          OTHER                                   CUMULATIVE
                                  PREPAYMENT           UNSCHEDULED            CERTIFICATE           UNPAID           CUMULATIVE
                                   PRINCIPAL            PRINCIPAL              INTEREST            INTEREST           REALIZED
      CLASS                       DISTRIBUTED          DISTRIBUTED             SHORTFALL          SHORTFALL            LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                <C>                           <C>                   <C>                 <C>                <C>
   CLASS IA-1                        158,753.89                  0.00                  0.00                0.00               0.00
   CLASS IA-2                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-3                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-4                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-5                        520,403.11                  0.00                  0.00                0.00               0.00
   CLASS IA-6                        258,809.66                  0.00                  0.00                0.00               0.00
   CLASS IA-7                          7,055.73                  0.00                  0.00                0.00               0.00
   CLASS IA-8                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-9                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-10                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-11                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IA-12                             0.00                  0.00                  0.00                0.00               0.00
   CLASS I-X                               0.00                  0.00                  0.00                0.00               0.00
   CLASS I-PO                              4.82                  0.00                  0.00                0.00               0.00
   CLASS I-M                               0.00                  0.00                  0.00                0.00               0.00
   CLASS IB-1                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IB-2                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IB-3                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IB-4                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IB-5                              0.00                  0.00                  0.00                0.00               0.00
   CLASS IIA-1                        77,218.90                  0.00                  0.00                0.00               0.00
   CLASS II-X                              0.00                  0.00                  0.00                0.00               0.00
   CLASS II-PO                            18.08                  0.00                  0.00                0.00               0.00
   CLASS IIM                               0.00                  0.00                  0.00                0.00               0.00
   CLASS IIB-1                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IIB-2                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IIB-3                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IIB-4                             0.00                  0.00                  0.00                0.00               0.00
   CLASS IIB-5                             0.00                  0.00                  0.00                0.00               0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                        1,022,264.19                  0.00                  0.00                0.00               0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 March 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                             <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                     94.424951%
                          GROUP IA PREPAYMENT PERCENTAGE                                                         100.000000%
                          GROUP IIA PERCENTAGE                                                                    96.918833%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                        100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                         7,427.67
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                        8,712.53
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                     NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                    NO

                          GROUP I BANKRUPTCY AMOUNT                                                               100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                              100,000.00
                          FRAUD LOSS AMOUNT                                                                     3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                 3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                     0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                  0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                      <C>
   IA-1-L                     32,400,889.00            8,991,257.25                50,575.82               130,234.78
   IA-2-L                      3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3-L                     15,156,755.00           15,156,755.00                89,409.07                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           40,792,107.12               229,455.60               408,749.39
   IA-6-L                     25,717,028.00           25,376,365.27               142,742.05               203,281.44
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                17,951.28                     0.00
   IA-10-L                    14,360,000.00           14,360,000.00                80,775.00                     0.00
   I-X-L*                     10,385,155.00            6,729,862.63                37,855.48                     0.00
   I-PO-L                         43,461.00               36,722.15                     0.00                    46.49
   I-B-L                       7,922,383.17            7,772,480.37                43,720.19                 7,501.80
   R-I                                50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          145,237,018.79               816,751.65               749,813.90
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                        180,810.60                    0.00                     0.00             8,861,022.47
   IA-2-L                         17,662.50                    0.00                     0.00             3,140,000.00
   IA-3-L                         89,409.07                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        638,204.99                    0.00                     0.00            40,383,357.73
   IA-6-L                        346,023.49                    0.00                     0.00            25,173,083.83
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         17,951.28                    0.00                     0.00             3,929,529.00
   IA-10-L                        80,775.00                    0.00                     0.00            14,360,000.00
   I-X-L*                         37,855.48                    0.00                     0.00             6,690,045.07
   I-PO-L                             46.49                    0.00                     0.00                36,675.66
   I-B-L                          51,221.99                    0.00                     0.00             7,764,978.57
   R-I                                 0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,566,565.55                    0.00                     0.00           144,447,387.33
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                      <C>
   IA-1-L                                                277.500326                 1.560939                 4.019482
   IA-2-L                                              1,000.000000                 5.625000                 0.000000
   IA-3-L                                              1,000.000000                 5.898959                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                554.994655                 3.121845                 5.561216
   IA-6-L                                                986.753418                 5.550488                 7.904546
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 4.568303                 0.000000
   IA-10-L                                             1,000.000000                 5.625000                 0.000000
   I-X-L*                                                648.027172                 3.645153                 0.000000
   I-PO-L                                                844.944893                 0.000000                 1.069695
   I-B-L                                                 981.078572                 5.518565                 0.946912
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         5.580421               273.480844                6.750000%                6.750000%
   IA-2-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-3-L                         5.898959             1,000.000000                7.078750%                7.100000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                         8.683061               549.433439                6.750000%                6.750000%
   IA-6-L                        13.455034               978.848871                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         4.568303             1,000.000000                5.481964%                5.400000%
   IA-10-L                        5.625000             1,000.000000                6.750000%                6.750000%
   I-X-L*                         3.645153               644.193088                6.750000%                6.750000%
   I-PO-L                         1.069695               843.875198                0.000000%                0.000000%
   I-B-L                          6.465477               980.131660                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   March 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             April 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           67,257,407.31               364,310.96               648,076.36
   II-X-L*                     2,345,961.00            1,481,703.41                 8,025.89                     0.00
   II-PO-L                       148,157.00              131,963.32                     0.00                   557.92
   II-B-L                      2,314,231.16            2,140,649.46                11,595.18                 8,759.27
   R-II                               50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           71,011,723.50               383,932.03               657,393.55
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,012,387.32                    0.00                     0.00            66,609,330.95
   II-X-L*                         8,025.89                    0.00                     0.00             1,470,738.74
   II-PO-L                           557.92                    0.00                     0.00               131,405.40
   II-B-L                         20,354.45                    0.00                     0.00             2,131,890.19
   R-II                                0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,041,325.58                    0.00                     0.00            70,343,365.28
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               669.946202                 3.628875                 6.455442
   II-X-L*                                               631.597631                 3.421152                 0.000000
   II-PO-L                                               890.699191                 0.000000                 3.765735
   II-B-L                                                924.993794                 5.010381                 3.784959
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       10.084317               663.490760                6.500000%                6.500000%
   II-X-L*                        3.421152               626.923781                6.500000%                6.500000%
   II-PO-L                        3.765735               886.933456                0.000000%                0.000000%
   II-B-L                         8.795340               921.208835                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   March 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             April 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-----------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,608,650.64                50,575.82               124,692.88
   IA-2                        3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3                       15,156,755.00           15,156,755.00                89,409.07                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           40,792,107.12               229,455.60               408,749.39
   IA-6                       25,717,028.00           25,376,365.27               142,742.05               203,281.44
   IA-7                        1,378,761.00              382,606.61                     0.00                 5,541.90
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                17,951.28                     0.00
   IA-10                       4,600,000.00            4,600,000.00                25,300.00                     0.00
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              319,111.11                 1,795.00                     0.00
   I-X*                       10,385,155.00            6,729,862.63                37,855.48                     0.00
   I-PO                           43,461.00               36,722.15                     0.00                    46.49
   I-M                         3,664,102.00            3,594,771.97                20,220.59                 3,469.59
   IB-1                        1,683,506.00            1,651,651.68                 9,290.54                 1,594.13
   IB-2                          891,268.00              874,403.96                 4,918.52                   843.95
   IB-3                          693,208.00              680,091.51                 3,825.51                   656.41
   IB-4                          495,148.00              485,779.10                 2,732.51                   468.86
   IB-5                          495,151.17              485,782.15                 2,732.52                   468.86

-----------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
---------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                          175,268.70                    0.00                     0.00             8,483,957.76
   IA-2                           17,662.50                    0.00                     0.00             3,140,000.00
   IA-3                           89,409.07                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          638,204.99                    0.00                     0.00            40,383,357.73
   IA-6                          346,023.49                    0.00                     0.00            25,173,083.83
   IA-7                            5,541.90                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           17,951.28                    0.00                     0.00             3,929,529.00
   IA-10                          25,300.00                    0.00                     0.00             4,600,000.00
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,795.00                    0.00                     0.00               319,111.11
   I-X*                           37,855.48                    0.00                     0.00             6,690,045.07
   I-PO                               46.49                    0.00                     0.00                36,675.66
   I-M                            23,690.18                    0.00                     0.00             3,591,302.38
   IB-1                           10,884.67                    0.00                     0.00             1,650,057.55
   IB-2                            5,762.47                    0.00                     0.00               873,560.01
   IB-3                            4,481.92                    0.00                     0.00               679,435.10
   IB-4                            3,201.37                    0.00                     0.00               485,310.24
   IB-5                            3,201.38                    0.00                     0.00               485,313.29

---------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
---------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                      <C>
   IA-1            055240DV4                             277.500326                 1.630314                 4.019482
   IA-2            055240DW2                           1,000.000000                 5.625000                 0.000000
   IA-3            055240DX0                           1,000.000000                 5.898959                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             554.994655                 3.121845                 5.561216
   IA-6            055240EA9                             986.753418                 5.550488                 7.904546
   IA-7            055240EB7                             277.500314                 0.000000                 4.019478
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 4.568303                 0.000000
   IA-10           055240EE1                           1,000.000000                 5.500000                 0.000000
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                           1,000.000000                 5.625000                 0.000000
   I-X*            055240EJ0                             648.027172                 3.645153                 0.000000
   I-PO            055240EL5                             844.944893                 0.000000                 1.069695
   I-M             055240EN1                             981.078575                 5.518566                 0.946914
   IB-1            055240EP6                             981.078582                 5.518567                 0.946911
   IB-2            055240EQ4                             981.078598                 5.518565                 0.946909
   IB-3            055240EX9                             981.078565                 5.518560                 0.946916
   IB-4            055240EY7                             981.078587                 5.518572                 0.946909
   IB-5            055240EZ4                             981.078465                 5.518557                 0.946903

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
---------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           5.649796               273.480844                7.050000%                7.050000%
   IA-2                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-3                           5.898959             1,000.000000                7.078750%                7.100000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                           8.683061               549.433439                6.750000%                6.750000%
   IA-6                          13.455034               978.848871                6.750000%                6.750000%
   IA-7                           4.019478               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           4.568303             1,000.000000                5.481964%                5.400000%
   IA-10                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.625000             1,000.000000                6.750000%                6.750000%
   I-X*                           3.645153               644.193088                6.750000%                6.750000%
   I-PO                           1.069695               843.875198                0.000000%                0.000000%
   I-M                            6.465480               980.131661                6.750000%                6.750000%
   IB-1                           6.465477               980.131672                6.750000%                6.750000%
   IB-2                           6.465474               980.131689                6.750000%                6.750000%
   IB-3                           6.465476               980.131649                6.750000%                6.750000%
   IB-4                           6.465481               980.131678                6.750000%                6.750000%
   IB-5                           6.465460               980.131563                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   March 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             April 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           67,257,407.31               364,310.96               648,076.36
   II-X*                       2,345,961.00            1,481,703.41                 8,025.89                     0.00
   II-PO                         148,157.00              131,963.32                     0.00                   557.92
   IIM                           874,264.00              808,688.78                 4,380.40                 3,309.05
   IIB-1                         462,846.00              428,129.65                 2,319.04                 1,751.85
   IIB-2                         308,564.00              285,419.79                 1,546.02                 1,167.90
   IIB-3                         308,564.00              285,419.79                 1,546.02                 1,167.90
   IIB-4                         154,282.00              142,709.89                   773.01                   583.95
   IIB-5                         205,711.16              190,281.56                 1,030.69                   778.62
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          216,567,853.40             1,200,683.68             1,407,207.45
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,012,387.32                    0.00                     0.00            66,609,330.95
   II-X*                           8,025.89                    0.00                     0.00             1,470,738.74
   II-PO                             557.92                    0.00                     0.00               131,405.40
   IIM                             7,689.45                    0.00                     0.00               805,379.73
   IIB-1                           4,070.89                    0.00                     0.00               426,377.80
   IIB-2                           2,713.92                    0.00                     0.00               284,251.89
   IIB-3                           2,713.92                    0.00                     0.00               284,251.89
   IIB-4                           1,356.96                    0.00                     0.00               142,125.94
   IIB-5                           1,809.31                    0.00                     0.00               189,502.94
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,607,891.13                    0.00                     0.00           215,109,863.72
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             669.946202                 3.628875                 6.455442
   II-X*           055240EK7                             631.597631                 3.421152                 0.000000
   II-PO           055240EM3                             890.699191                 0.000000                 3.765735
   IIM             055240ER2                             924.993800                 5.010386                 3.784955
   IIB-1           055240ES0                             924.993734                 5.010392                 3.784952
   IIB-2           055240ET8                             924.993810                 5.010371                 3.784952
   IIB-3           055240FA8                             924.993810                 5.010371                 3.784952
   IIB-4           055240FB6                             924.993778                 5.010371                 3.784952
   IIB-5           055240FC4                             924.993860                 5.010375                 3.785016
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         10.084317               663.490760                6.500000%                6.500000%
   II-X*                          3.421152               626.923781                6.500000%                6.500000%
   II-PO                          3.765735               886.933456                0.000000%                0.000000%
   IIM                            8.795341               921.208845                6.500000%                6.500000%
   IIB-1                          8.795344               921.208782                6.500000%                6.500000%
   IIB-2                          8.795323               921.208858                6.500000%                6.500000%
   IIB-3                          8.795323               921.208858                6.500000%                6.500000%
   IIB-4                          8.795323               921.208825                6.500000%                6.500000%
   IIB-5                          8.795391               921.208844                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   March 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             April 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 April 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                       <C>                                                                  <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            138,507,156.55        69,530,020.36
                          LESS:                    SCHEDULED PRINCIPAL                            (133,685.52)         (284,508.53)
                                                   PRINCIPAL PREPAYMENTS                          (616,128.39)         (372,885.01)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               137,757,342.64        68,872,626.82
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               446                  228
                          ENDING NUMBER OF LOANS IN POOL                                                  444                  227

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     324                  152
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.529383%            7.084656%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                   30 TO 59             60 TO 89                 90 PLUS
LOAN INFORMATION *                                                       DAYS                 DAYS                    DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                              <C>                     <C>                     <C>
GROUP I                   PRINCIPAL BALANCE                                220,654.29                 0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                       0.1602%              0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                           1                    0                       0
                               PERCENTAGE OF LOANS                            0.2252%              0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                487,124.31                 0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                       0.7073%              0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                           1                    0                       0
                               PERCENTAGE OF LOANS                            0.4405%              0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                 LOANS                LOANS                    LOANS
FORECLOSURE, AND REO                                                      IN                   IN                      IN
LOAN INFORMATION *                                                    BANKRUPTCY          FORECLOSURE                  REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                              <C>                     <C>                     <C>
GROUP I                   PRINCIPAL BALANCE                                884,694.11                 0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                       0.6422%              0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                           3                    0                       0
                               PERCENTAGE OF LOANS                            0.6757%              0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                      0.00                 0.00                    0.00
                               PERCENTAGE OF GROUP BAL.                       0.0000%              0.0000%                 0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                           0                    0                       0
                               PERCENTAGE OF LOANS                            0.0000%              0.0000%                 0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                        0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                       0.00

<CAPTION>
SERVICING INFORMATION:                                                                         GROUP I             GROUP II
----------------------                                                                         -------             --------
<S>                       <C>                                                                       <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      51,501.99            26,159.25
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (2,532.25)           (1,122.77)
                                                   DELINQUENT SERVICING FEES                        (6,844.09)           (3,505.86)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       42,125.65            21,530.62
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        15,638.16            37,610.29
                          ADVANCED INTEREST                                                         99,483.91            48,485.18

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:         April 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                       OTHER                                     CUMULATIVE
                                 PREPAYMENT         UNSCHEDULED            CERTIFICATE             UNPAID          CUMULATIVE
                                  PRINCIPAL          PRINCIPAL              INTEREST              INTEREST          REALIZED
      CLASS                      DISTRIBUTED        DISTRIBUTED             SHORTFALL            SHORTFALL           LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>                       <C>                   <C>                   <C>               <C>
   CLASS IA-1                        103,501.58                0.00                  0.00                  0.00              0.00
   CLASS IA-2                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-3                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-4                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-5                        339,283.26                0.00                  0.00                  0.00              0.00
   CLASS IA-6                        168,734.17                0.00                  0.00                  0.00              0.00
   CLASS IA-7                          4,600.07                0.00                  0.00                  0.00              0.00
   CLASS IA-8                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-9                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-10                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-11                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IA-12                             0.00                0.00                  0.00                  0.00              0.00
   CLASS I-X                               0.00                0.00                  0.00                  0.00              0.00
   CLASS I-PO                              9.31                0.00                  0.00                  0.00              0.00
   CLASS I-M                               0.00                0.00                  0.00                  0.00              0.00
   CLASS IB-1                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IB-2                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IB-3                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IB-4                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IB-5                              0.00                0.00                  0.00                  0.00              0.00
   CLASS IIA-1                       372,867.75                0.00                  0.00                  0.00              0.00
   CLASS II-X                              0.00                0.00                  0.00                  0.00              0.00
   CLASS II-PO                            17.26                0.00                  0.00                  0.00              0.00
   CLASS IIM                               0.00                0.00                  0.00                  0.00              0.00
   CLASS IIB-1                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IIB-2                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IIB-3                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IIB-4                             0.00                0.00                  0.00                  0.00              0.00
   CLASS IIB-5                             0.00                0.00                  0.00                  0.00              0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                          989,013.40                0.00                  0.00                  0.00              0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 April 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                             <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                     94.386903%
                          GROUP IA PREPAYMENT PERCENTAGE                                                         100.000000%
                          GROUP IIA PERCENTAGE                                                                    96.915404%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                        100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                         7,501.81
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                        8,759.26
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                     NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                    NO

                          GROUP I BANKRUPTCY AMOUNT                                                               100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                              100,000.00
                          FRAUD LOSS AMOUNT                                                                     3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                 3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                     0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                  0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                      <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            3,140,000.00                17,662.50                15,358.79
   IA-3-L                     15,156,755.00           15,156,755.00                89,677.47                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           40,383,357.73               227,156.39               268,655.29
   IA-6-L                     25,717,028.00           25,173,083.83               141,598.60               133,609.09
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                17,682.88                     0.00
   IA-10-L                    14,360,000.00           14,360,000.00                80,775.00                70,239.54
   I-X-L*                     10,385,155.00            6,690,045.07                37,631.50                     0.00
   I-PO-L                         43,461.00               36,675.66                     0.00                    46.75
   I-B-L                       7,922,383.17            7,764,978.57                43,678.01                 7,573.52
   R-I                                50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          144,447,387.33               812,310.26               495,482.98
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>                            <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         33,021.29                    0.00                     0.00             3,124,641.21
   IA-3-L                         89,677.47                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        495,811.68                    0.00                     0.00            40,114,702.44
   IA-6-L                        275,207.69                    0.00                     0.00            25,039,474.74
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         17,682.88                    0.00                     0.00             3,929,529.00
   IA-10-L                       151,014.54                    0.00                     0.00            14,289,760.46
   I-X-L*                         37,631.50                    0.00                     0.00             6,661,856.67
   I-PO-L                             46.75                    0.00                     0.00                36,628.91
   I-B-L                          51,251.53                    0.00                     0.00             7,757,405.05
   R-I                                 0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,307,793.24                    0.00                     0.00           143,923,715.95
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                      <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                              1,000.000000                 5.625000                 4.891334
   IA-3-L                                              1,000.000000                 5.916667                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                549.433439                 3.090563                 3.655174
   IA-6-L                                                978.848871                 5.506025                 5.195355
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 4.500000                 0.000000
   IA-10-L                                             1,000.000000                 5.625000                 4.891333
   I-X-L*                                                644.193088                 3.623586                 0.000000
   I-PO-L                                                843.875198                 0.000000                 1.075677
   I-B-L                                                 980.131660                 5.513241                 0.955965
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
----------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        10.516334               995.108666                6.750000%                6.750000%
   IA-3-L                         5.916667             1,000.000000                7.100000%                7.560000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                         6.745737               545.778264                6.750000%                6.750000%
   IA-6-L                        10.701380               973.653516                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         4.500000             1,000.000000                5.400000%                3.625714%
   IA-10-L                       10.516333               995.108667                6.750000%                6.750000%
   I-X-L*                         3.623586               641.478791                6.750000%                6.750000%
   I-PO-L                         1.075677               842.799521                0.000000%                0.000000%
   I-B-L                          6.469206               979.175695                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   April 28, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              May 25, 2000                    FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

--------------------------------------------------------------------------------------------------------------------------------
                                                                 DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           66,609,330.95               360,800.54               355,816.06
   II-X-L*                     2,345,961.00            1,470,738.74                 7,966.50                     0.00
   II-PO-L                       148,157.00              131,405.40                     0.00                   585.96
   II-B-L                      2,314,231.16            2,131,890.19                11,547.74                 8,884.71
   R-II                               50.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           70,343,365.28               380,314.78               365,286.73
--------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                                 DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IIA-1-L                       716,616.60                    0.00                     0.00            66,253,514.89
   II-X-L*                         7,966.50                    0.00                     0.00             1,463,136.29
   II-PO-L                           585.96                    0.00                     0.00               130,819.44
   II-B-L                         20,432.45                    0.00                     0.00             2,123,005.48
   R-II                                0.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                           745,601.51                    0.00                     0.00            69,970,476.10
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               663.490760                 3.593908                 3.544258
   II-X-L*                                               626.923781                 3.395837                 0.000000
   II-PO-L                                               886.933456                 0.000000                 3.954994
   II-B-L                                                921.208835                 4.989882                 3.839163
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
--------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1-L                        7.138166               659.946502                6.500000%                6.500000%
   II-X-L*                        3.395837               623.683126                6.500000%                6.500000%
   II-PO-L                        3.954994               882.978462                0.000000%                0.000000%
   II-B-L                         8.829045               917.369672                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   April 28, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              May 25, 2000                    FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            3,140,000.00                17,662.50                15,358.79
   IA-3                       15,156,755.00           15,156,755.00                89,677.47                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           40,383,357.73               227,156.39               268,655.29
   IA-6                       25,717,028.00           25,173,083.83               141,598.60               133,609.09
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                17,682.88                     0.00
   IA-10                       4,600,000.00            4,600,000.00                25,300.00                70,239.54
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              319,111.11                 1,795.00                     0.00
   I-X*                       10,385,155.00            6,690,045.07                37,631.50                     0.00
   I-PO                           43,461.00               36,675.66                     0.00                    46.75
   I-M                         3,664,102.00            3,591,302.38                20,201.08                 3,502.76
   IB-1                        1,683,506.00            1,650,057.55                 9,281.57                 1,609.37
   IB-2                          891,268.00              873,560.01                 4,913.78                   852.02
   IB-3                          693,208.00              679,435.10                 3,821.82                   662.68
   IB-4                          495,148.00              485,310.24                 2,729.87                   473.34
   IB-5                          495,151.17              485,313.29                 2,729.89                   473.35

-------------------------------------------------------------------------------------------------------------------------------
TOTALS            **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           33,021.29                    0.00                     0.00             3,124,641.21
   IA-3                           89,677.47                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          495,811.68                    0.00                     0.00            40,114,702.44
   IA-6                          275,207.69                    0.00                     0.00            25,039,474.74
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           17,682.88                    0.00                     0.00             3,929,529.00
   IA-10                          95,539.54                    0.00                     0.00             4,529,760.46
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,795.00                    0.00                     0.00               319,111.11
   I-X*                           37,631.50                    0.00                     0.00             6,661,856.67
   I-PO                               46.75                    0.00                     0.00                36,628.91
   I-M                            23,703.84                    0.00                     0.00             3,587,799.62
   IB-1                           10,890.94                    0.00                     0.00             1,648,448.18
   IB-2                            5,765.80                    0.00                     0.00               872,707.99
   IB-3                            4,484.50                    0.00                     0.00               678,772.42
   IB-4                            3,203.21                    0.00                     0.00               484,836.90
   IB-5                            3,203.24                    0.00                     0.00               484,839.94

-------------------------------------------------------------------------------------------------------------------------------
TOTALS            **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                           1,000.000000                 5.625000                 4.891334
   IA-3            055240DX0                           1,000.000000                 5.916667                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             549.433439                 3.090563                 3.655174
   IA-6            055240EA9                             978.848871                 5.506025                 5.195355
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 4.500000                 0.000000
   IA-10           055240EE1                           1,000.000000                 5.500000                15.269465
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                           1,000.000000                 5.625000                 0.000000
   I-X*            055240EJ0                             644.193088                 3.623586                 0.000000
   I-PO            055240EL5                             843.875198                 0.000000                 1.075677
   I-M             055240EN1                             980.131661                 5.513242                 0.955967
   IB-1            055240EP6                             980.131672                 5.513238                 0.955963
   IB-2            055240EQ4                             980.131689                 5.513246                 0.955964
   IB-3            055240EX9                             980.131649                 5.513237                 0.955961
   IB-4            055240EY7                             980.131678                 5.513240                 0.955957
   IB-5            055240EZ4                             980.131563                 5.513246                 0.955971

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          10.516334               995.108666                6.750000%                6.750000%
   IA-3                           5.916667             1,000.000000                7.100000%                7.560000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                           6.745737               545.778264                6.750000%                6.750000%
   IA-6                          10.701380               973.653516                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           4.500000             1,000.000000                5.400000%                3.625714%
   IA-10                         20.769465               984.730535                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.625000             1,000.000000                6.750000%                6.750000%
   I-X*                           3.623586               641.478791                6.750000%                6.750000%
   I-PO                           1.075677               842.799521                0.000000%                0.000000%
   I-M                            6.469209               979.175694                6.750000%                6.750000%
   IB-1                           6.469202               979.175708                6.750000%                6.750000%
   IB-2                           6.469210               979.175725                6.750000%                6.750000%
   IB-3                           6.469198               979.175688                6.750000%                6.750000%
   IB-4                           6.469197               979.175721                6.750000%                6.750000%
   IB-5                           6.469216               979.175592                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   April 28, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              May 25, 2000                    FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                        <C>
   IIA-1                     100,392,251.00           66,609,330.95               360,800.54               355,816.06
   II-X*                       2,345,961.00            1,470,738.74                 7,966.50                     0.00
   II-PO                         148,157.00              131,405.40                     0.00                   585.96
   IIM                           874,264.00              805,379.73                 4,362.47                 3,356.44
   IIB-1                         462,846.00              426,377.80                 2,309.55                 1,776.94
   IIB-2                         308,564.00              284,251.89                 1,539.70                 1,184.63
   IIB-3                         308,564.00              284,251.89                 1,539.70                 1,184.63
   IIB-4                         154,282.00              142,125.94                   769.85                   592.31
   IIB-5                         205,711.16              189,502.94                 1,026.47                   789.76
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          215,109,863.72             1,192,625.04               860,769.71
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                         716,616.60                    0.00                     0.00            66,253,514.89
   II-X*                           7,966.50                    0.00                     0.00             1,463,136.29
   II-PO                             585.96                    0.00                     0.00               130,819.44
   IIM                             7,718.91                    0.00                     0.00               802,023.29
   IIB-1                           4,086.49                    0.00                     0.00               424,600.86
   IIB-2                           2,724.33                    0.00                     0.00               283,067.26
   IIB-3                           2,724.33                    0.00                     0.00               283,067.26
   IIB-4                           1,362.16                    0.00                     0.00               141,533.63
   IIB-5                           1,816.23                    0.00                     0.00               188,713.18
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,053,394.75                    0.00                     0.00           214,213,303.16
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             663.490760                 3.593908                 3.544258
   II-X*           055240EK7                             626.923781                 3.395837                 0.000000
   II-PO           055240EM3                             886.933456                 0.000000                 3.954994
   IIM             055240ER2                             921.208845                 4.989877                 3.839161
   IIB-1           055240ES0                             921.208782                 4.989889                 3.839160
   IIB-2           055240ET8                             921.208858                 4.989889                 3.839171
   IIB-3           055240FA8                             921.208858                 4.989889                 3.839171
   IIB-4           055240FB6                             921.208825                 4.989889                 3.839139
   IIB-5           055240FC4                             921.208844                 4.989861                 3.839169
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE           PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1                          7.138166               659.946502                6.500000%                6.500000%
   II-X*                          3.395837               623.683126                6.500000%                6.500000%
   II-PO                          3.954994               882.978462                0.000000%                0.000000%
   IIM                            8.829038               917.369685                6.500000%                6.500000%
   IIB-1                          8.829049               917.369622                6.500000%                6.500000%
   IIB-2                          8.829060               917.369687                6.500000%                6.500000%
   IIB-3                          8.829060               917.369687                6.500000%                6.500000%
   IIB-4                          8.829027               917.369687                6.500000%                6.500000%
   IIB-5                          8.829030               917.369675                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   April 28, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              May 25, 2000                    FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 May 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            137,757,342.64        68,872,626.82
                          LESS:                    SCHEDULED PRINCIPAL                            (134,362.31)         (287,024.51)
                                                   PRINCIPAL PREPAYMENTS                          (361,120.67)          (78,262.22)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               137,261,859.66        68,507,340.09
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               444                  227
                          ENDING NUMBER OF LOANS IN POOL                                                  443                  227

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     323                  151
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.528172%            7.084046%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                       30 TO 59               60 TO 89               90 PLUS
LOAN INFORMATION *                                                           DAYS                   DAYS                  DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                               <C>                       <C>                   <C>
GROUP I                   PRINCIPAL BALANCE                                 537,560.37                   0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                        0.3916%                0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                            2                      0                     0
                               PERCENTAGE OF LOANS                             0.4515%                0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                       0.00                   0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                        0.0000%                0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                            0                      0                     0
                               PERCENTAGE OF LOANS                             0.0000%                0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                     LOANS                  LOANS                  LOANS
FORECLOSURE, AND REO                                                          IN                     IN                    IN
LOAN INFORMATION *                                                        BANKRUPTCY            FORECLOSURE                REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                               <C>                       <C>                   <C>
GROUP I                   PRINCIPAL BALANCE                                 883,508.73                   0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                        0.6437%                0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                            3                      0                     0
                               PERCENTAGE OF LOANS                             0.6772%                0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                       0.00                   0.00                  0.00
                               PERCENTAGE OF GROUP BAL.                        0.0000%                0.0000%               0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                            0                      0                     0
                               PERCENTAGE OF LOANS                             0.0000%                0.0000%               0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                           0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                          0.00

<CAPTION>
SERVICING INFORMATION:                                                                         GROUP I             GROUP II
----------------------                                                                         -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      51,103.98            25,864.15
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (1,387.23)                0.00
                                                   DELINQUENT SERVICING FEES                        (5,186.87)           (2,303.64)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       44,529.88            23,560.51
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        12,605.06            25,413.09
                          ADVANCED INTEREST                                                         81,172.70            34,775.08

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:      May 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                    OTHER                                      CUMULATIVE
                             PREPAYMENT          UNSCHEDULED             CERTIFICATE             UNPAID             CUMULATIVE
                              PRINCIPAL           PRINCIPAL               INTEREST              INTEREST             REALIZED
      CLASS                  DISTRIBUTED         DISTRIBUTED              SHORTFALL            SHORTFALL              LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>                        <C>                    <C>                   <C>                  <C>
   CLASS IA-1                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-2                    11,368.43                 0.00                   0.00                  0.00                 0.00
   CLASS IA-3                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-4                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-5                   198,856.10                 0.00                   0.00                  0.00                 0.00
   CLASS IA-6                    98,896.18                 0.00                   0.00                  0.00                 0.00
   CLASS IA-7                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-8                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-9                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-10                   51,990.64                 0.00                   0.00                  0.00                 0.00
   CLASS IA-11                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IA-12                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS I-X                          0.00                 0.00                   0.00                  0.00                 0.00
   CLASS I-PO                         9.31                 0.00                   0.00                  0.00                 0.00
   CLASS I-M                          0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IB-1                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IB-2                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IB-3                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IB-4                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IB-5                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIA-1                   78,219.94                 0.00                   0.00                  0.00                 0.00
   CLASS II-X                         0.00                 0.00                   0.00                  0.00                 0.00
   CLASS II-PO                       42.28                 0.00                   0.00                  0.00                 0.00
   CLASS IIM                          0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIB-1                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIB-2                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIB-3                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIB-4                        0.00                 0.00                   0.00                  0.00                 0.00
   CLASS IIB-5                        0.00                 0.00                   0.00                  0.00                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                     439,382.89                 0.00                   0.00                  0.00                 0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 May 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                             <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                     94.361791%
                          GROUP IA PREPAYMENT PERCENTAGE                                                         100.000000%
                          GROUP IIA PERCENTAGE                                                                    96.898673%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                        100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                         7,573.52
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                        8,884.71
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                     NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                    NO

                          GROUP I BANKRUPTCY AMOUNT                                                               100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                              100,000.00
                          FRAUD LOSS AMOUNT                                                                     3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                 3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                     0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                  0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                 0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                    <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            3,124,641.21                17,576.11                93,780.82
   IA-3-L                     15,156,755.00           15,156,755.00                95,487.56                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           40,114,702.44               225,645.20             1,640,410.51
   IA-6-L                     25,717,028.00           25,039,474.74               140,847.05               815,817.76
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,872.79                     0.00
   IA-10-L                    14,360,000.00           14,289,760.46                80,379.90               428,882.96
   I-X-L*                     10,385,155.00            6,661,856.67                37,472.94                     0.00
   I-PO-L                         43,461.00               36,628.91                     0.00                    51.84
   I-B-L                       7,922,383.17            7,757,405.05                43,635.39                 7,507.22
   R-I                                50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          143,923,715.95               809,364.85             2,986,451.11
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                        111,356.93                    0.00                     0.00             3,030,860.39
   IA-3-L                         95,487.56                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                      1,866,055.71                    0.00                     0.00            38,474,291.93
   IA-6-L                        956,664.81                    0.00                     0.00            24,223,656.98
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,872.79                    0.00                     0.00             3,929,529.00
   IA-10-L                       509,262.86                    0.00                     0.00            13,860,877.50
   I-X-L*                         37,472.94                    0.00                     0.00             6,498,451.05
   I-PO-L                             51.84                    0.00                     0.00                36,577.07
   I-B-L                          51,142.61                    0.00                     0.00             7,749,897.83
   R-I                                 0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         3,795,815.96                    0.00                     0.00           140,773,859.22
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                995.108666                 5.597487                29.866503
   IA-3-L                                              1,000.000000                 6.300000                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                545.778264                 3.070003                22.318510
   IA-6-L                                                973.653516                 5.476801                31.722863
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 3.021428                 0.000000
   IA-10-L                                               995.108667                 5.597486                29.866501
   I-X-L*                                                641.478791                 3.608318                 0.000000
   I-PO-L                                                842.799521                 0.000000                 1.192794
   I-B-L                                                 979.175695                 5.507862                 0.947596
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        35.463990               965.242162                6.750000%                6.750000%
   IA-3-L                         6.300000             1,000.000000                7.560000%                7.601250%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        25.388513               523.459754                6.750000%                6.750000%
   IA-6-L                        37.199664               941.930653                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         3.021428             1,000.000000                3.625714%                3.466607%
   IA-10-L                       35.463987               965.242166                6.750000%                6.750000%
   I-X-L*                         3.608318               625.744252                6.750000%                6.750000%
   I-PO-L                         1.192794               841.606728                0.000000%                0.000000%
   I-B-L                          6.455458               978.228099                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    May 31, 2000                                                Santa Ana, CA 92705
DISTRIBUTION DATE:              June 26, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           66,253,514.89               358,873.21               870,240.21
   II-X-L*                     2,345,961.00            1,463,136.29                 7,925.32                     0.00
   II-PO-L                       148,157.00              130,819.44                     0.00                   582.39
   II-B-L                      2,314,231.16            2,123,005.48                11,499.61                 8,892.34
   R-II                               50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           69,970,476.10               378,298.14               879,714.94
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,229,113.42                    0.00                     0.00            65,383,274.68
   II-X-L*                         7,925.32                    0.00                     0.00             1,452,207.36
   II-PO-L                           582.39                    0.00                     0.00               130,237.05
   II-B-L                         20,391.95                    0.00                     0.00             2,114,113.14
   R-II                                0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,258,013.08                    0.00                     0.00            69,079,832.23
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               659.946502                 3.574710                 8.668400
   II-X-L*                                               623.683126                 3.378283                 0.000000
   II-PO-L                                               882.978462                 0.000000                 3.930898
   II-B-L                                                917.369672                 4.969084                 3.842460
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       12.243110               651.278102                6.500000%                6.500000%
   II-X-L*                        3.378283               619.024511                6.500000%                6.500000%
   II-PO-L                        3.930898               879.047564                0.000000%                0.000000%
   II-B-L                         8.811544               913.527212                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    May 31, 2000                                                Santa Ana, CA 92705
DISTRIBUTION DATE:              June 26, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                        (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                    <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            3,124,641.21                17,576.11                93,780.82
   IA-3                       15,156,755.00           15,156,755.00                95,487.56                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           40,114,702.44               225,645.20             1,640,410.51
   IA-6                       25,717,028.00           25,039,474.74               140,847.05               815,817.76
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,872.79                     0.00
   IA-10                       4,600,000.00            4,529,760.46                24,913.68               428,882.96
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              317,550.23                 1,786.22                     0.00
   I-X*                       10,385,155.00            6,661,856.67                37,472.94                     0.00
   I-PO                           43,461.00               36,628.91                     0.00                    51.84
   I-M                         3,664,102.00            3,587,799.62                20,181.37                 3,472.10
   IB-1                        1,683,506.00            1,648,448.18                 9,272.52                 1,595.29
   IB-2                          891,268.00              872,707.99                 4,908.98                   844.56
   IB-3                          693,208.00              678,772.42                 3,818.09                   656.88
   IB-4                          495,148.00              484,836.90                 2,727.21                   469.20
   IB-5                          495,151.17              484,839.94                 2,727.22                   469.19

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                          111,356.93                    0.00                     0.00             3,030,860.39
   IA-3                           95,487.56                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                        1,866,055.71                    0.00                     0.00            38,474,291.93
   IA-6                          956,664.81                    0.00                     0.00            24,223,656.98
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,872.79                    0.00                     0.00             3,929,529.00
   IA-10                         453,796.64                    0.00                     0.00             4,100,877.50
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,786.22                    0.00                     0.00               317,550.23
   I-X*                           37,472.94                    0.00                     0.00             6,498,451.05
   I-PO                               51.84                    0.00                     0.00                36,577.07
   I-M                            23,653.47                    0.00                     0.00             3,584,327.52
   IB-1                           10,867.81                    0.00                     0.00             1,646,852.89
   IB-2                            5,753.54                    0.00                     0.00               871,863.43
   IB-3                            4,474.97                    0.00                     0.00               678,115.54
   IB-4                            3,196.41                    0.00                     0.00               484,367.70
   IB-5                            3,196.41                    0.00                     0.00               484,370.75

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             995.108666                 5.597487                29.866503
   IA-3            055240DX0                           1,000.000000                 6.300000                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             545.778264                 3.070003                22.318510
   IA-6            055240EA9                             973.653516                 5.476801                31.722863
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 3.021428                 0.000000
   IA-10           055240EE1                             984.730535                 5.416017                93.235426
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             995.108663                 5.597486                 0.000000
   I-X*            055240EJ0                             641.478791                 3.608318                 0.000000
   I-PO            055240EL5                             842.799521                 0.000000                 1.192794
   I-M             055240EN1                             979.175694                 5.507862                 0.947599
   IB-1            055240EP6                             979.175708                 5.507863                 0.947600
   IB-2            055240EQ4                             979.175725                 5.507861                 0.947594
   IB-3            055240EX9                             979.175688                 5.507856                 0.947594
   IB-4            055240EY7                             979.175721                 5.507868                 0.947595
   IB-5            055240EZ4                             979.175592                 5.507853                 0.947569

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          35.463990               965.242162                6.750000%                6.750000%
   IA-3                           6.300000             1,000.000000                7.560000%                7.601250%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          25.388513               523.459754                6.750000%                6.750000%
   IA-6                          37.199664               941.930653                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           3.021428             1,000.000000                3.625714%                3.466607%
   IA-10                         98.651443               891.495109                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.597486               995.108663                6.750000%                6.750000%
   I-X*                           3.608318               625.744252                6.750000%                6.750000%
   I-PO                           1.192794               841.606728                0.000000%                0.000000%
   I-M                            6.455462               978.228095                6.750000%                6.750000%
   IB-1                           6.455463               978.228108                6.750000%                6.750000%
   IB-2                           6.455454               978.228131                6.750000%                6.750000%
   IB-3                           6.455451               978.228093                6.750000%                6.750000%
   IB-4                           6.455464               978.228126                6.750000%                6.750000%
   IB-5                           6.455422               978.228023                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    May 31, 2000                                                Santa Ana, CA 92705
DISTRIBUTION DATE:              June 26, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           66,253,514.89               358,873.21               870,240.21
   II-X*                       2,345,961.00            1,463,136.29                 7,925.32                     0.00
   II-PO                         148,157.00              130,819.44                     0.00                   582.39
   IIM                           874,264.00              802,023.29                 4,344.29                 3,359.32
   IIB-1                         462,846.00              424,600.86                 2,299.92                 1,778.47
   IIB-2                         308,564.00              283,067.26                 1,533.28                 1,185.64
   IIB-3                         308,564.00              283,067.26                 1,533.28                 1,185.64
   IIB-4                         154,282.00              141,533.63                   766.64                   592.82
   IIB-5                         205,711.16              188,713.18                 1,022.20                   790.45
   R-III                              50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          214,211,742.28             1,187,662.99             3,866,166.05
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,229,113.42                    0.00                     0.00            65,383,274.68
   II-X*                           7,925.32                    0.00                     0.00             1,452,207.36
   II-PO                             582.39                    0.00                     0.00               130,237.05
   IIM                             7,703.61                    0.00                     0.00               798,663.97
   IIB-1                           4,078.39                    0.00                     0.00               422,822.39
   IIB-2                           2,718.92                    0.00                     0.00               281,881.62
   IIB-3                           2,718.92                    0.00                     0.00               281,881.62
   IIB-4                           1,359.46                    0.00                     0.00               140,940.81
   IIB-5                           1,812.65                    0.00                     0.00               187,922.73
   R-III                               0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         5,053,829.04                    0.00                     0.00           210,171,241.68
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             659.946502                 3.574710                 8.668400
   II-X*           055240EK7                             623.683126                 3.378283                 0.000000
   II-PO           055240EM3                             882.978462                 0.000000                 3.930898
   IIM             055240ER2                             917.369685                 4.969083                 3.842455
   IIB-1           055240ES0                             917.369622                 4.969083                 3.842466
   IIB-2           055240ET8                             917.369687                 4.969083                 3.842444
   IIB-3           055240FA8                             917.369687                 4.969083                 3.842444
   IIB-4           055240FB6                             917.369687                 4.969083                 3.842444
   IIB-5           055240FC4                             917.369675                 4.969103                 3.842524
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         12.243110               651.278102                6.500000%                6.500000%
   II-X*                          3.378283               619.024511                6.500000%                6.500000%
   II-PO                          3.930898               879.047564                0.000000%                0.000000%
   IIM                            8.811537               913.527230                6.500000%                6.500000%
   IIB-1                          8.811549               913.527156                6.500000%                6.500000%
   IIB-2                          8.811527               913.527242                6.500000%                6.500000%
   IIB-3                          8.811527               913.527242                6.500000%                6.500000%
   IIB-4                          8.811527               913.527242                6.500000%                6.500000%
   IIB-5                          8.811627               913.527151                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    May 31, 2000                                                Santa Ana, CA 92705
DISTRIBUTION DATE:              June 26, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 June 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            137,261,859.66        68,507,340.09
                          LESS:                    SCHEDULED PRINCIPAL                            (132,837.46)         (286,945.85)
                                                   PRINCIPAL PREPAYMENTS                        (2,853,613.66)         (592,769.08)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               134,275,408.54        67,627,625.16
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               443                  227
                          ENDING NUMBER OF LOANS IN POOL                                                  434                  225

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     321                  150
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.527364%            7.084042%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                          30 TO 59             60 TO 89             90 PLUS
LOAN INFORMATION *                                                              DAYS                 DAYS                DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                   <C>                     <C>                 <C>
GROUP I                   PRINCIPAL BALANCE                                     242,697.27                 0.00                0.00
                               PERCENTAGE OF GROUP BAL.                            0.1807%              0.0000%             0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                1                    0                   0
                               PERCENTAGE OF LOANS                                 0.2304%              0.0000%             0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                           0.00                 0.00                0.00
                               PERCENTAGE OF GROUP BAL.                            0.0000%              0.0000%             0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                0                    0                   0
                               PERCENTAGE OF LOANS                                 0.0000%              0.0000%             0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                        LOANS                LOANS                LOANS
FORECLOSURE, AND REO                                                             IN                   IN                  IN
LOAN INFORMATION *                                                           BANKRUPTCY          FORECLOSURE              REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                   <C>                     <C>                 <C>
GROUP I                   PRINCIPAL BALANCE                                     514,978.53                 0.00                0.00
                               PERCENTAGE OF GROUP BAL.                            0.3835%              0.0000%             0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                2                    0                   0
                               PERCENTAGE OF LOANS                                 0.4608%              0.0000%             0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                           0.00                 0.00                0.00
                               PERCENTAGE OF GROUP BAL.                            0.0000%              0.0000%             0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                0                    0                   0
                               PERCENTAGE OF LOANS                                 0.0000%              0.0000%             0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                             0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                            0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      50,851.45            25,726.31
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (9,623.87)           (1,710.71)
                                                   DELINQUENT SERVICING FEES                        (4,513.43)           (2,277.31)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       36,714.15            21,738.29
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        10,640.36            26,068.04
                          ADVANCED INTEREST                                                         68,114.92            35,375.08

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:     June 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                   OTHER                                    CUMULATIVE
                             PREPAYMENT         UNSCHEDULED          CERTIFICATE              UNPAID                CUMULATIVE
                              PRINCIPAL          PRINCIPAL            INTEREST               INTEREST                REALIZED
      CLASS                  DISTRIBUTED        DISTRIBUTED           SHORTFALL             SHORTFALL                 LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                         <C>                 <C>                    <C>                     <C>
   CLASS IA-1                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-2                   89,836.39                0.00                0.00                   0.00                    0.00
   CLASS IA-3                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-4                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-5                1,571,414.67                0.00                0.00                   0.00                    0.00
   CLASS IA-6                  781,504.38                0.00                0.00                   0.00                    0.00
   CLASS IA-7                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-8                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-9                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-10                 410,844.10                0.00                0.00                   0.00                    0.00
   CLASS IA-11                       0.00                0.00                0.00                   0.00                    0.00
   CLASS IA-12                       0.00                0.00                0.00                   0.00                    0.00
   CLASS I-X                         0.00                0.00                0.00                   0.00                    0.00
   CLASS I-PO                       14.13                0.00                0.00                   0.00                    0.00
   CLASS I-M                         0.00                0.00                0.00                   0.00                    0.00
   CLASS IB-1                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IB-2                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IB-3                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IB-4                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IB-5                        0.00                0.00                0.00                   0.00                    0.00
   CLASS IIA-1                 592,733.54                0.00                0.00                   0.00                    0.00
   CLASS II-X                        0.00                0.00                0.00                   0.00                    0.00
   CLASS II-PO                      35.54                0.00                0.00                   0.00                    0.00
   CLASS IIM                         0.00                0.00                0.00                   0.00                    0.00
   CLASS IIB-1                       0.00                0.00                0.00                   0.00                    0.00
   CLASS IIB-2                       0.00                0.00                0.00                   0.00                    0.00
   CLASS IIB-3                       0.00                0.00                0.00                   0.00                    0.00
   CLASS IIB-4                       0.00                0.00                0.00                   0.00                    0.00
   CLASS IIB-5                       0.00                0.00                0.00                   0.00                    0.00

---------------------------------------------------------------------------------------------------------------------------------
     TOTALS                  3,446,382.74                0.00                0.00                   0.00                    0.00
---------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                           Series 1998-2

                                                  Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 June 26, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                               <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                       94.346954%
                          GROUP IA PREPAYMENT PERCENTAGE                                                           100.000000%
                          GROUP IIA PERCENTAGE                                                                      96.895125%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                          100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                           7,507.23
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                          8,892.33
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                       NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                      NO

                          GROUP I BANKRUPTCY AMOUNT                                                                 100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                100,000.00
                          FRAUD LOSS AMOUNT                                                                       3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                   3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                       0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                    0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                   0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                    <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            3,030,860.39                17,048.59                45,207.15
   IA-3-L                     15,156,755.00           15,156,755.00                96,008.57                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           38,474,291.93               216,417.89               790,761.85
   IA-6-L                     25,717,028.00           24,223,656.98               136,258.07               393,265.93
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,351.78                     0.00
   IA-10-L                    14,360,000.00           13,860,877.50                77,967.44               206,743.55
   I-X-L*                     10,385,155.00            6,498,451.05                36,553.79                     0.00
   I-PO-L                         43,461.00               36,577.07                     0.00                 4,748.87
   I-B-L                       7,922,383.17            7,749,897.83                43,593.18                 7,649.34
   R-I                                50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          140,773,859.22               791,647.22             1,448,376.69
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         62,255.74                    0.00                     0.00             2,985,653.24
   IA-3-L                         96,008.57                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                      1,007,179.74                    0.00                     0.00            37,683,530.08
   IA-6-L                        529,524.00                    0.00                     0.00            23,830,391.05
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,351.78                    0.00                     0.00             3,929,529.00
   IA-10-L                       284,710.99                    0.00                     0.00            13,654,133.95
   I-X-L*                         36,553.79                    0.00                     0.00             6,464,161.65
   I-PO-L                          4,748.87                    0.00                     0.00                31,828.20
   I-B-L                          51,242.52                    0.00                     0.00             7,742,248.49
   R-I                                 0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,240,023.91                    0.00                     0.00           139,291,193.13
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                    <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                965.242162                 5.429487                14.397182
   IA-3-L                                              1,000.000000                 6.334375                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                523.459754                 2.944461                10.758665
   IA-6-L                                                941.930653                 5.298360                15.292044
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 2.888840                 0.000000
   IA-10-L                                               965.242166                 5.429487                14.397183
   I-X-L*                                                625.744252                 3.519812                 0.000000
   I-PO-L                                                841.606728                 0.000000               109.267389
   I-B-L                                                 978.228099                 5.502534                 0.965535
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        19.826669               950.844981                6.750000%                6.750000%
   IA-3-L                         6.334375             1,000.000000                7.601250%                7.570000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        13.703126               512.701090                6.750000%                6.750000%
   IA-6-L                        20.590404               926.638609                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         2.888840             1,000.000000                3.466607%                3.587143%
   IA-10-L                       19.826671               950.844983                6.750000%                6.750000%
   I-X-L*                         3.519812               622.442482                6.750000%                6.750000%
   I-PO-L                       109.267389               732.339339                0.000000%                0.000000%
   I-B-L                          6.468069               977.262564                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Barbara Campbell
SERVICER:                      Bank of America                                                  Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                          1761 E. St. Andrew
RECORD DATE:                    June 30, 2000                                                Santa Ana, CA 92705
DISTRIBUTION DATE:              July 25, 2000                   FACTOR INFORMATION:             (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                    <C>
   IIA-1-L                   100,392,251.00           65,383,274.68               354,159.40             1,466,145.00
   II-X-L*                     2,345,961.00            1,452,207.36                 7,866.12                     0.00
   II-PO-L                       148,157.00              130,237.05                     0.00                   585.51
   II-B-L                      2,314,231.16            2,114,113.14                11,451.45                 8,891.78
   R-II                               50.00                    0.00                     0.01                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           69,079,832.23               373,476.98             1,475,622.29
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,820,304.40                    0.00                     0.00            63,917,129.68
   II-X-L*                         7,866.12                    0.00                     0.00             1,428,885.32
   II-PO-L                           585.51                    0.00                     0.00               129,651.54
   II-B-L                         20,343.23                    0.00                     0.00             2,105,221.36
   R-II                                0.01                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,849,099.27                    0.00                     0.00            67,580,887.90
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                     <C>
   IIA-1-L                                               651.278102                 3.527756                14.604165
   II-X-L*                                               619.024511                 3.353048                 0.000000
   II-PO-L                                               879.047564                 0.000000                 3.951956
   II-B-L                                                913.527212                 4.948274                 3.842218
   R-II                                                    0.000000                 0.200000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       18.131921               636.673937                6.500000%                6.500000%
   II-X-L*                        3.353048               609.083152                6.500000%                6.500000%
   II-PO-L                        3.951956               875.095608                0.000000%                0.000000%
   II-B-L                         8.790492               909.684994                6.500000%                6.500000%
   R-II                           0.200000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    June 30, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              July 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            3,030,860.39                17,048.59                45,207.15
   IA-3                       15,156,755.00           15,156,755.00                96,008.57                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           38,474,291.93               216,417.89               790,761.85
   IA-6                       25,717,028.00           24,223,656.98               136,258.07               393,265.93
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,351.78                     0.00
   IA-10                       4,600,000.00            4,100,877.50                22,554.83               206,743.55
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              308,019.50                 1,732.61                     0.00
   I-X*                       10,385,155.00            6,498,451.05                36,553.79                     0.00
   I-PO                           43,461.00               36,577.07                     0.00                 4,748.87
   I-M                         3,664,102.00            3,584,327.52                20,161.84                 3,537.82
   IB-1                        1,683,506.00            1,646,852.89                 9,263.55                 1,625.48
   IB-2                          891,268.00              871,863.43                 4,904.23                   860.55
   IB-3                          693,208.00              678,115.54                 3,814.40                   669.32
   IB-4                          495,148.00              484,367.70                 2,724.57                   478.08
   IB-5                          495,151.17              484,370.75                 2,724.59                   478.09

-------------------------------------------------------------------------------------------------------------------------------
TOTALS               **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           62,255.74                    0.00                     0.00             2,985,653.24
   IA-3                           96,008.57                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                        1,007,179.74                    0.00                     0.00            37,683,530.08
   IA-6                          529,524.00                    0.00                     0.00            23,830,391.05
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,351.78                    0.00                     0.00             3,929,529.00
   IA-10                         229,298.38                    0.00                     0.00             3,894,133.95
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,732.61                    0.00                     0.00               308,019.50
   I-X*                           36,553.79                    0.00                     0.00             6,464,161.65
   I-PO                            4,748.87                    0.00                     0.00                31,828.20
   I-M                            23,699.66                    0.00                     0.00             3,580,789.70
   IB-1                           10,889.03                    0.00                     0.00             1,645,227.41
   IB-2                            5,764.78                    0.00                     0.00               871,002.88
   IB-3                            4,483.72                    0.00                     0.00               677,446.22
   IB-4                            3,202.65                    0.00                     0.00               483,889.62
   IB-5                            3,202.68                    0.00                     0.00               483,892.66

-------------------------------------------------------------------------------------------------------------------------------
TOTALS               **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                    <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             965.242162                 5.429487                14.397182
   IA-3            055240DX0                           1,000.000000                 6.334375                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             523.459754                 2.944461                10.758665
   IA-6            055240EA9                             941.930653                 5.298360                15.292044
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 2.888840                 0.000000
   IA-10           055240EE1                             891.495109                 4.903224                44.944250
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             965.242169                 5.429488                 0.000000
   I-X*            055240EJ0                             625.744252                 3.519812                 0.000000
   I-PO            055240EL5                             841.606728                 0.000000               109.267389
   I-M             055240EN1                             978.228095                 5.502532                 0.965535
   IB-1            055240EP6                             978.228108                 5.502535                 0.965533
   IB-2            055240EQ4                             978.228131                 5.502531                 0.965534
   IB-3            055240EX9                             978.228093                 5.502533                 0.965540
   IB-4            055240EY7                             978.228126                 5.502537                 0.965529
   IB-5            055240EZ4                             978.228023                 5.502542                 0.965544

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>                    <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          19.826669               950.844981                6.750000%                6.750000%
   IA-3                           6.334375             1,000.000000                7.601250%                7.570000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          13.703126               512.701090                6.750000%                6.750000%
   IA-6                          20.590404               926.638609                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           2.888840             1,000.000000                3.466607%                3.587143%
   IA-10                         49.847474               846.550859                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.429488               965.242169                6.750000%                6.750000%
   I-X*                           3.519812               622.442482                6.750000%                6.750000%
   I-PO                         109.267389               732.339339                0.000000%                0.000000%
   I-M                            6.468068               977.262560                6.750000%                6.750000%
   IB-1                           6.468067               977.262576                6.750000%                6.750000%
   IB-2                           6.468066               977.262597                6.750000%                6.750000%
   IB-3                           6.468073               977.262553                6.750000%                6.750000%
   IB-4                           6.468066               977.262596                6.750000%                6.750000%
   IB-5                           6.468085               977.262479                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    June 30, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              July 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           65,383,274.68               354,159.40             1,466,145.00
   II-X*                       2,345,961.00            1,452,207.36                 7,866.12                     0.00
   II-PO                         148,157.00              130,237.05                     0.00                   585.51
   IIM                           874,264.00              798,663.97                 4,326.10                 3,359.11
   IIB-1                         462,846.00              422,822.39                 2,290.29                 1,778.35
   IIB-2                         308,564.00              281,881.62                 1,526.86                 1,185.57
   IIB-3                         308,564.00              281,881.62                 1,526.86                 1,185.57
   IIB-4                         154,282.00              140,940.81                   763.43                   592.79
   IIB-5                         205,711.16              187,922.73                 1,017.91                   790.39
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          210,161,710.95             1,165,124.19             2,923,998.98
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,820,304.40                    0.00                     0.00            63,917,129.68
   II-X*                           7,866.12                    0.00                     0.00             1,428,885.32
   II-PO                             585.51                    0.00                     0.00               129,651.54
   IIM                             7,685.21                    0.00                     0.00               795,304.86
   IIB-1                           4,068.64                    0.00                     0.00               421,044.04
   IIB-2                           2,712.43                    0.00                     0.00               280,696.05
   IIB-3                           2,712.43                    0.00                     0.00               280,696.05
   IIB-4                           1,356.22                    0.00                     0.00               140,348.02
   IIB-5                           1,808.30                    0.00                     0.00               187,132.34
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         4,089,123.17                    0.00                     0.00           207,180,100.53
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                     <C>
   IIA-1           055240EH4                             651.278102                 3.527756                14.604165
   II-X*           055240EK7                             619.024511                 3.353048                 0.000000
   II-PO           055240EM3                             879.047564                 0.000000                 3.951956
   IIM             055240ER2                             913.527230                 4.948276                 3.842215
   IIB-1           055240ES0                             913.527156                 4.948277                 3.842207
   IIB-2           055240ET8                             913.527242                 4.948277                 3.842217
   IIB-3           055240FA8                             913.527242                 4.948277                 3.842217
   IIB-4           055240FB6                             913.527242                 4.948277                 3.842250
   IIB-5           055240FC4                             913.527151                 4.948249                 3.842232
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         18.131921               636.673937                6.500000%                6.500000%
   II-X*                          3.353048               609.083152                6.500000%                6.500000%
   II-PO                          3.951956               875.095608                0.000000%                0.000000%
   IIM                            8.790491               909.685015                6.500000%                6.500000%
   IIB-1                          8.790483               909.684949                6.500000%                6.500000%
   IIB-2                          8.790494               909.685025                6.500000%                6.500000%
   IIB-3                          8.790494               909.685025                6.500000%                6.500000%
   IIB-4                          8.790526               909.684992                6.500000%                6.500000%
   IIB-5                          8.790481               909.684919                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    June 30, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:              July 25, 2000                   FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 July 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            134,275,408.54        67,627,625.16
                          LESS:                    SCHEDULED PRINCIPAL                            (132,530.34)         (284,438.28)
                                                   PRINCIPAL PREPAYMENTS                        (1,315,846.35)       (1,191,184.01)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               132,827,031.85        66,152,002.87
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               434                  225
                          ENDING NUMBER OF LOANS IN POOL                                                  430                  221

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     320                  149
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.526683%            7.083094%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                            30 TO 59           60 TO 89            90 PLUS
LOAN INFORMATION *                                                                DAYS               DAYS               DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                      <C>                   <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                        297,313.94               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.2238%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   1                  0                  0
                               PERCENTAGE OF LOANS                                    0.2326%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                        285,887.57               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.4322%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   1                  0                  0
                               PERCENTAGE OF LOANS                                    0.4525%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                          LOANS              LOANS               LOANS
FORECLOSURE, AND REO                                                               IN                 IN                 IN
LOAN INFORMATION *                                                             BANKRUPTCY        FORECLOSURE             REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                      <C>                   <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                        655,676.40               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.4936%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   2                  0                  0
                               PERCENTAGE OF LOANS                                    0.4651%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                              0.00               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.0000%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   0                  0                  0
                               PERCENTAGE OF LOANS                                    0.0000%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                              0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                             0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      49,776.97            25,305.90
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (4,967.43)           (3,258.98)
                                                   DELINQUENT SERVICING FEES                        (5,635.86)           (3,478.29)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       39,173.68            18,568.63
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        13,777.45            40,734.00
                          ADVANCED INTEREST                                                         88,834.22            52,422.39

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                           Series 1998-2

                                                  Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:        July 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                      OTHER                                      CUMULATIVE
                                PREPAYMENT         UNSCHEDULED           CERTIFICATE               UNPAID            CUMULATIVE
                                 PRINCIPAL          PRINCIPAL             INTEREST                INTEREST            REALIZED
      CLASS                     DISTRIBUTED        DISTRIBUTED            SHORTFALL              SHORTFALL             LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                         <C>                  <C>                     <C>                 <C>
   CLASS IA-1                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-2                       41,276.72                0.00                 0.00                    0.00                0.00
   CLASS IA-3                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-4                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-5                      722,010.97                0.00                 0.00                    0.00                0.00
   CLASS IA-6                      359,074.37                0.00                 0.00                    0.00                0.00
   CLASS IA-7                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-8                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-9                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-10                     188,768.73                0.00                 0.00                    0.00                0.00
   CLASS IA-11                           0.00                0.00                 0.00                    0.00                0.00
   CLASS IA-12                           0.00                0.00                 0.00                    0.00                0.00
   CLASS I-X                             0.00                0.00                 0.00                    0.00                0.00
   CLASS I-PO                        4,715.56                0.00                 0.00                    0.00                0.00
   CLASS I-M                             0.00                0.00                 0.00                    0.00                0.00
   CLASS IB-1                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IB-2                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IB-3                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IB-4                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IB-5                            0.00                0.00                 0.00                    0.00                0.00
   CLASS IIA-1                   1,191,148.50                0.00                 0.00                    0.00                0.00
   CLASS II-X                            0.00                0.00                 0.00                    0.00                0.00
   CLASS II-PO                          35.51                0.00                 0.00                    0.00                0.00
   CLASS IIM                             0.00                0.00                 0.00                    0.00                0.00
   CLASS IIB-1                           0.00                0.00                 0.00                    0.00                0.00
   CLASS IIB-2                           0.00                0.00                 0.00                    0.00                0.00
   CLASS IIB-3                           0.00                0.00                 0.00                    0.00                0.00
   CLASS IIB-4                           0.00                0.00                 0.00                    0.00                0.00
   CLASS IIB-5                           0.00                0.00                 0.00                    0.00                0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                      2,507,030.36                0.00                 0.00                    0.00                0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 July 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                              <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                      94.226784%
                          GROUP IA PREPAYMENT PERCENTAGE                                                          100.000000%
                          GROUP IIA PERCENTAGE                                                                     96.867859%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                         100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                          7,649.34
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                         8,891.78
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                      NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                     NO

                          GROUP I BANKRUPTCY AMOUNT                                                                100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                               100,000.00
                          FRAUD LOSS AMOUNT                                                                      3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                  3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                      0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                   0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                  0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                           Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                      <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            2,985,653.24                16,794.30                48,583.26
   IA-3-L                     15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           37,683,530.08               211,969.86               849,816.59
   IA-6-L                     25,717,028.00           23,830,391.05               134,045.95               422,635.35
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10-L                    14,360,000.00           13,654,133.95                76,804.51               222,183.32
   I-X-L*                     10,385,155.00            6,464,161.65                36,360.91                     0.00
   I-PO-L                         43,461.00               31,828.20                     0.00                    42.89
   I-B-L                       7,922,383.17            7,742,248.49                43,550.14                 7,719.96
   R-I                                50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          139,291,193.13               783,333.93             1,550,981.37
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         65,377.56                    0.00                     0.00             2,937,069.98
   IA-3-L                         95,613.86                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                      1,061,786.45                    0.00                     0.00            36,833,713.49
   IA-6-L                        556,681.30                    0.00                     0.00            23,407,755.70
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,746.49                    0.00                     0.00             3,929,529.00
   IA-10-L                       298,987.83                    0.00                     0.00            13,431,950.63
   I-X-L*                         36,360.91                    0.00                     0.00             6,375,469.71
   I-PO-L                             42.89                    0.00                     0.00                31,785.31
   I-B-L                          51,270.10                    0.00                     0.00             7,734,528.53
   R-I                                 0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,334,315.30                    0.00                     0.00           137,651,519.82
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

* Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                950.844981                 5.348503                15.472376
   IA-3-L                                              1,000.000000                 6.308333                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                512.701090                 2.883944                11.562130
   IA-6-L                                                926.638609                 5.212342                16.434067
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 2.989287                 0.000000
   IA-10-L                                               950.844983                 5.348503                15.472376
   I-X-L*                                                622.442482                 3.501239                 0.000000
   I-PO-L                                                732.339339                 0.000000                 0.986862
   I-B-L                                                 977.262564                 5.497101                 0.974449
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        20.820879               935.372605                6.750000%                6.750000%
   IA-3-L                         6.308333             1,000.000000                7.570000%                7.570000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        14.446074               501.138959                6.750000%                6.750000%
   IA-6-L                        21.646409               910.204542                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         2.989287             1,000.000000                3.587143%                3.587143%
   IA-10-L                       20.820880               935.372607                6.750000%                6.750000%
   I-X-L*                         3.501239               613.902220                6.750000%                6.750000%
   I-PO-L                         0.986862               731.352477                0.000000%                0.000000%
   I-B-L                          6.471550               976.288115                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    July 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             August 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           63,917,129.68               346,217.79               835,494.28
   II-X-L*                     2,345,961.00            1,428,885.32                 7,739.80                     0.00
   II-PO-L                       148,157.00              129,651.54                     0.00                   582.87
   II-B-L                      2,314,231.16            2,105,221.36                11,403.29                 9,054.70
   R-II                               50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           67,580,887.90               365,360.88               845,131.85
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,181,712.07                    0.00                     0.00            63,081,635.40
   II-X-L*                         7,739.80                    0.00                     0.00             1,407,550.10
   II-PO-L                           582.87                    0.00                     0.00               129,068.67
   II-B-L                         20,457.99                    0.00                     0.00             2,096,166.66
   R-II                                0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,210,492.73                    0.00                     0.00            66,714,420.83
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               636.673937                 3.448651                 8.322299
   II-X-L*                                               609.083152                 3.299202                 0.000000
   II-PO-L                                               875.095608                 0.000000                 3.934137
   II-B-L                                                909.684994                 4.927464                 3.912617
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                              FACTOR INFORMATION PER $1000 OF ORIGINAL FACE           PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       11.770949               628.351638                6.500000%                6.500000%
   II-X-L*                        3.299202               599.988704                6.500000%                6.500000%
   II-PO-L                        3.934137               871.161471                0.000000%                0.000000%
   II-B-L                         8.840081               905.772378                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    July 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             August 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                     <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            2,985,653.24                16,794.30                48,583.26
   IA-3                       15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           37,683,530.08               211,969.86               849,816.59
   IA-6                       25,717,028.00           23,830,391.05               134,045.95               422,635.35
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10                       4,600,000.00            3,894,133.95                21,417.74               222,183.32
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              303,425.20                 1,706.77                     0.00
   I-X*                       10,385,155.00            6,464,161.65                36,360.91                     0.00
   I-PO                           43,461.00               31,828.20                     0.00                    42.89
   I-M                         3,664,102.00            3,580,789.70                20,141.94                 3,570.47
   IB-1                        1,683,506.00            1,645,227.41                 9,254.40                 1,640.49
   IB-2                          891,268.00              871,002.88                 4,899.39                   868.49
   IB-3                          693,208.00              677,446.22                 3,810.63                   675.50
   IB-4                          495,148.00              483,889.62                 2,721.88                   482.50
   IB-5                          495,151.17              483,892.66                 2,721.90                   482.51

------------------------------------------------------------------------------------------------------------------------------
TOTALS                **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           65,377.56                    0.00                     0.00             2,937,069.98
   IA-3                           95,613.86                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                        1,061,786.45                    0.00                     0.00            36,833,713.49
   IA-6                          556,681.30                    0.00                     0.00            23,407,755.70
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,746.49                    0.00                     0.00             3,929,529.00
   IA-10                         243,601.06                    0.00                     0.00             3,671,950.63
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,706.77                    0.00                     0.00               303,425.20
   I-X*                           36,360.91                    0.00                     0.00             6,375,469.71
   I-PO                               42.89                    0.00                     0.00                31,785.31
   I-M                            23,712.41                    0.00                     0.00             3,577,219.23
   IB-1                           10,894.89                    0.00                     0.00             1,643,586.92
   IB-2                            5,767.88                    0.00                     0.00               870,134.39
   IB-3                            4,486.13                    0.00                     0.00               676,770.72
   IB-4                            3,204.38                    0.00                     0.00               483,407.12
   IB-5                            3,204.41                    0.00                     0.00               483,410.15

------------------------------------------------------------------------------------------------------------------------------
TOTALS                **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             950.844981                 5.348503                15.472376
   IA-3            055240DX0                           1,000.000000                 6.308333                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             512.701090                 2.883944                11.562130
   IA-6            055240EA9                             926.638609                 5.212342                16.434067
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 2.989287                 0.000000
   IA-10           055240EE1                             846.550859                 4.656030                48.300722
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             950.844989                 5.348513                 0.000000
   I-X*            055240EJ0                             622.442482                 3.501239                 0.000000
   I-PO            055240EL5                             732.339339                 0.000000                 0.986862
   I-M             055240EN1                             977.262560                 5.497101                 0.974446
   IB-1            055240EP6                             977.262576                 5.497100                 0.974449
   IB-2            055240EQ4                             977.262597                 5.497101                 0.974443
   IB-3            055240EX9                             977.262553                 5.497095                 0.974455
   IB-4            055240EY7                             977.262596                 5.497104                 0.974456
   IB-5            055240EZ4                             977.262479                 5.497109                 0.974470

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          20.820879               935.372605                6.750000%                6.750000%
   IA-3                           6.308333             1,000.000000                7.570000%                7.570000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          14.446074               501.138959                6.750000%                6.750000%
   IA-6                          21.646409               910.204542                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           2.989287             1,000.000000                3.587143%                3.587143%
   IA-10                         52.956752               798.250137                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.348513               950.844989                6.750000%                6.750000%
   I-X*                           3.501239               613.902220                6.750000%                6.750000%
   I-PO                           0.986862               731.352477                0.000000%                0.000000%
   I-M                            6.471547               976.288114                6.750000%                6.750000%
   IB-1                           6.471548               976.288127                6.750000%                6.750000%
   IB-2                           6.471544               976.288154                6.750000%                6.750000%
   IB-3                           6.471550               976.288098                6.750000%                6.750000%
   IB-4                           6.471560               976.288140                6.750000%                6.750000%
   IB-5                           6.471579               976.288009                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    July 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             August 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           63,917,129.68               346,217.79               835,494.28
   II-X*                       2,345,961.00            1,428,885.32                 7,739.80                     0.00
   II-PO                         148,157.00              129,651.54                     0.00                   582.87
   IIM                           874,264.00              795,304.86                 4,307.90                 3,420.66
   IIB-1                         462,846.00              421,044.04                 2,280.66                 1,810.94
   IIB-2                         308,564.00              280,696.05                 1,520.44                 1,207.29
   IIB-3                         308,564.00              280,696.05                 1,520.44                 1,207.29
   IIB-4                         154,282.00              140,348.02                   760.22                   603.65
   IIB-5                         205,711.16              187,132.34                 1,013.63                   804.87
   R-III                              50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          207,175,506.23             1,148,694.81             2,396,113.22
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,181,712.07                    0.00                     0.00            63,081,635.40
   II-X*                           7,739.80                    0.00                     0.00             1,407,550.10
   II-PO                             582.87                    0.00                     0.00               129,068.67
   IIM                             7,728.56                    0.00                     0.00               791,884.20
   IIB-1                           4,091.60                    0.00                     0.00               419,233.10
   IIB-2                           2,727.73                    0.00                     0.00               279,488.76
   IIB-3                           2,727.73                    0.00                     0.00               279,488.76
   IIB-4                           1,363.87                    0.00                     0.00               139,744.37
   IIB-5                           1,818.50                    0.00                     0.00               186,327.47
   R-III                               0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         3,544,808.03                    0.00                     0.00           204,669,365.85
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             636.673937                 3.448651                 8.322299
   II-X*           055240EK7                             609.083152                 3.299202                 0.000000
   II-PO           055240EM3                             875.095608                 0.000000                 3.934137
   IIM             055240ER2                             909.685015                 4.927459                 3.912617
   IIB-1           055240ES0                             909.684949                 4.927470                 3.912619
   IIB-2           055240ET8                             909.685025                 4.927470                 3.912608
   IIB-3           055240FA8                             909.685025                 4.927470                 3.912608
   IIB-4           055240FB6                             909.684992                 4.927470                 3.912640
   IIB-5           055240FC4                             909.684919                 4.927443                 3.912622
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         11.770949               628.351638                6.500000%                6.500000%
   II-X*                          3.299202               599.988704                6.500000%                6.500000%
   II-PO                          3.934137               871.161471                0.000000%                0.000000%
   IIM                            8.840076               905.772398                6.500000%                6.500000%
   IIB-1                          8.840089               905.772330                6.500000%                6.500000%
   IIB-2                          8.840079               905.772417                6.500000%                6.500000%
   IIB-3                          8.840079               905.772417                6.500000%                6.500000%
   IIB-4                          8.840111               905.772352                6.500000%                6.500000%
   IIB-5                          8.840065               905.772297                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                    July 31, 2000                                               Santa Ana, CA 92705
DISTRIBUTION DATE:             August 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 August 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            132,827,031.85        66,152,002.87
                          LESS:                    SCHEDULED PRINCIPAL                            (132,446.39)         (284,519.68)
                                                   PRINCIPAL PREPAYMENTS                        (1,418,534.97)         (560,612.18)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               131,276,050.49        65,306,871.01
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               430                  221
                          ENDING NUMBER OF LOANS IN POOL                                                  425                  219

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     319                  147
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.529902%            7.081678%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                              30 TO 59          60 TO 89            90 PLUS
LOAN INFORMATION *                                                                  DAYS              DAYS               DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                       <C>                  <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                               0.00              0.00               0.00
                               PERCENTAGE OF GROUP BAL.                                0.0000%           0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                    0                 0                  0
                               PERCENTAGE OF LOANS                                     0.0000%           0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                         479,440.36              0.00               0.00
                               PERCENTAGE OF GROUP BAL.                                0.7341%           0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                    1                 0                  0
                               PERCENTAGE OF LOANS                                     0.4566%           0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                            LOANS             LOANS              LOANS
FORECLOSURE, AND REO                                                                 IN                IN                IN
LOAN INFORMATION *                                                               BANKRUPTCY       FORECLOSURE            REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                       <C>                  <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                         654,650.49              0.00               0.00
                               PERCENTAGE OF GROUP BAL.                                0.4987%           0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                    2                 0                  0
                               PERCENTAGE OF LOANS                                     0.4706%           0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                               0.00              0.00               0.00
                               PERCENTAGE OF GROUP BAL.                                0.0000%           0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                    0                 0                  0
                               PERCENTAGE OF LOANS                                     0.0000%           0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                              0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                             0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      49,370.38            24,642.56
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (6,187.68)           (1,615.50)
                                                   DELINQUENT SERVICING FEES                        (3,851.99)           (1,672.25)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       39,330.71            21,354.81
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        10,184.70            21,449.65
                          ADVANCED INTEREST                                                         64,221.74            26,695.35

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:       August 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                       OTHER                                      CUMULATIVE
                                 PREPAYMENT         UNSCHEDULED             CERTIFICATE             UNPAID           CUMULATIVE
                                  PRINCIPAL          PRINCIPAL               INTEREST              INTEREST           REALIZED
       CLASS                     DISTRIBUTED        DISTRIBUTED              SHORTFALL            SHORTFALL            LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                         <C>                    <C>                   <C>                <C>
    CLASS IA-1                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-2                      44,657.71                0.00                   0.00                  0.00               0.00
    CLASS IA-3                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-4                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-5                     781,150.97                0.00                   0.00                  0.00               0.00
    CLASS IA-6                     388,486.19                0.00                   0.00                  0.00               0.00
    CLASS IA-7                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-8                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-9                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-10                    204,230.79                0.00                   0.00                  0.00               0.00
    CLASS IA-11                          0.00                0.00                   0.00                  0.00               0.00
    CLASS IA-12                          0.00                0.00                   0.00                  0.00               0.00
    CLASS I-X                            0.00                0.00                   0.00                  0.00               0.00
    CLASS I-PO                           9.31                0.00                   0.00                  0.00               0.00
    CLASS I-M                            0.00                0.00                   0.00                  0.00               0.00
    CLASS IB-1                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IB-2                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IB-3                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IB-4                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IB-5                           0.00                0.00                   0.00                  0.00               0.00
    CLASS IIA-1                    560,582.47                0.00                   0.00                  0.00               0.00
    CLASS II-X                           0.00                0.00                   0.00                  0.00               0.00
    CLASS II-PO                         29.71                0.00                   0.00                  0.00               0.00
    CLASS IIM                            0.00                0.00                   0.00                  0.00               0.00
    CLASS IIB-1                          0.00                0.00                   0.00                  0.00               0.00
    CLASS IIB-2                          0.00                0.00                   0.00                  0.00               0.00
    CLASS IIB-3                          0.00                0.00                   0.00                  0.00               0.00
    CLASS IIB-4                          0.00                0.00                   0.00                  0.00               0.00
    CLASS IIB-5                          0.00                0.00                   0.00                  0.00               0.00

-----------------------------------------------------------------------------------------------------------------------------------
      TOTALS                     1,979,147.15                0.00                   0.00                  0.00               0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 August 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                                 <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                         94.169783%
                          GROUP IA PREPAYMENT PERCENTAGE                                                             100.000000%
                          GROUP IIA PERCENTAGE                                                                        96.811351%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                            100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                             7,719.95
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                            9,054.70
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                         NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                        NO

                          GROUP I BANKRUPTCY AMOUNT                                                                   100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                  100,000.00
                          FRAUD LOSS AMOUNT                                                                         3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                     3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                         0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                      0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                     0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                    <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            2,937,069.98                16,521.02                39,050.23
   IA-3-L                     15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           36,833,713.49               207,189.64               683,065.24
   IA-6-L                     25,717,028.00           23,407,755.70               131,668.63               339,705.67
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10-L                    14,360,000.00           13,431,950.63                75,554.72               178,586.43
   I-X-L*                     10,385,155.00            6,375,469.71                35,862.02                     0.00
   I-PO-L                         43,461.00               31,785.31                     0.00                    43.14
   I-B-L                       7,922,383.17            7,734,528.53                43,506.74                 7,800.04
   R-I                                50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          137,651,519.82               774,111.03             1,248,250.75
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         55,571.25                    0.00                     0.00             2,898,019.75
   IA-3-L                         95,613.86                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        890,254.88                    0.00                     0.00            36,150,648.25
   IA-6-L                        471,374.30                    0.00                     0.00            23,068,050.03
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,746.49                    0.00                     0.00             3,929,529.00
   IA-10-L                       254,141.15                    0.00                     0.00            13,253,364.20
   I-X-L*                         35,862.02                    0.00                     0.00             6,319,293.41
   I-PO-L                             43.14                    0.00                     0.00                31,742.17
   I-B-L                          51,306.78                    0.00                     0.00             7,726,728.49
   R-I                                 0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,022,361.78                    0.00                     0.00           136,347,092.77
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                935.372605                 5.261471                12.436379
   IA-3-L                                              1,000.000000                 6.308333                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                501.138959                 2.818907                 9.293405
   IA-6-L                                                910.204542                 5.119901                13.209367
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 2.989287                 0.000000
   IA-10-L                                               935.372607                 5.261471                12.436381
   I-X-L*                                                613.902220                 3.453200                 0.000000
   I-PO-L                                                731.352477                 0.000000                 0.992614
   I-B-L                                                 976.288115                 5.491623                 0.984557
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        17.697850               922.936226                6.750000%                6.750000%
   IA-3-L                         6.308333             1,000.000000                7.570000%                7.570630%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        12.112311               491.845554                6.750000%                6.750000%
   IA-6-L                        18.329268               896.995175                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         2.989287             1,000.000000                3.587143%                3.584713%
   IA-10-L                       17.697852               922.936226                6.750000%                6.750000%
   I-X-L*                         3.453200               608.492931                6.750000%                6.750000%
   I-PO-L                         0.992614               730.359863                0.000000%                0.000000%
   I-B-L                          6.476180               975.303558                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   August 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:           September 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                           Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           63,081,635.40               341,692.19               867,720.60
   II-X-L*                     2,345,961.00            1,407,550.10                 7,624.23                     0.00
   II-PO-L                       148,157.00              129,068.67                     0.00                   580.25
   II-B-L                      2,314,231.16            2,096,166.66                11,354.24                 9,112.23
   R-II                               50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           66,714,420.83               360,670.66               877,413.08
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,209,412.79                    0.00                     0.00            62,213,914.80
   II-X-L*                         7,624.23                    0.00                     0.00             1,391,366.41
   II-PO-L                           580.25                    0.00                     0.00               128,488.42
   II-B-L                         20,466.47                    0.00                     0.00             2,087,054.43
   R-II                                0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,238,083.74                    0.00                     0.00            65,820,824.06
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               628.351638                 3.403571                 8.643303
   II-X-L*                                               599.988704                 3.249939                 0.000000
   II-PO-L                                               871.161471                 0.000000                 3.916453
   II-B-L                                                905.772378                 4.906269                 3.937476
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       12.046874               619.708336                6.500000%                6.500000%
   II-X-L*                        3.249939               593.090171                6.500000%                6.500000%
   II-PO-L                        3.916453               867.245017                0.000000%                0.000000%
   II-B-L                         8.843745               901.834901                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   August 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:           September 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            2,937,069.98                16,521.02                39,050.23
   IA-3                       15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           36,833,713.49               207,189.64               683,065.24
   IA-6                       25,717,028.00           23,407,755.70               131,668.63               339,705.67
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10                       4,600,000.00            3,671,950.63                20,195.73               178,586.43
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              298,487.79                 1,678.99                     0.00
   I-X*                       10,385,155.00            6,375,469.71                35,862.02                     0.00
   I-PO                           43,461.00               31,785.31                     0.00                    43.14
   I-M                         3,664,102.00            3,577,219.23                20,121.86                 3,607.52
   IB-1                        1,683,506.00            1,643,586.92                 9,245.18                 1,657.50
   IB-2                          891,268.00              870,134.39                 4,894.51                   877.50
   IB-3                          693,208.00              676,770.72                 3,806.84                   682.50
   IB-4                          495,148.00              483,407.12                 2,719.17                   487.50
   IB-5                          495,151.17              483,410.15                 2,719.18                   487.52

------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           55,571.25                    0.00                     0.00             2,898,019.75
   IA-3                           95,613.86                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          890,254.88                    0.00                     0.00            36,150,648.25
   IA-6                          471,374.30                    0.00                     0.00            23,068,050.03
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,746.49                    0.00                     0.00             3,929,529.00
   IA-10                         198,782.16                    0.00                     0.00             3,493,364.20
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,678.99                    0.00                     0.00               298,487.79
   I-X*                           35,862.02                    0.00                     0.00             6,319,293.41
   I-PO                               43.14                    0.00                     0.00                31,742.17
   I-M                            23,729.38                    0.00                     0.00             3,573,611.71
   IB-1                           10,902.68                    0.00                     0.00             1,641,929.42
   IB-2                            5,772.01                    0.00                     0.00               869,256.89
   IB-3                            4,489.34                    0.00                     0.00               676,088.22
   IB-4                            3,206.67                    0.00                     0.00               482,919.62
   IB-5                            3,206.70                    0.00                     0.00               482,922.63

------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

* Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             935.372605                 5.261471                12.436379
   IA-3            055240DX0                           1,000.000000                 6.308333                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             501.138959                 2.818907                 9.293405
   IA-6            055240EA9                             910.204542                 5.119901                13.209367
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 2.989287                 0.000000
   IA-10           055240EE1                             798.250137                 4.390376                38.823137
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             935.372604                 5.261459                 0.000000
   I-X*            055240EJ0                             613.902220                 3.453200                 0.000000
   I-PO            055240EL5                             731.352477                 0.000000                 0.992614
   I-M             055240EN1                             976.288114                 5.491621                 0.984558
   IB-1            055240EP6                             976.288127                 5.491623                 0.984552
   IB-2            055240EQ4                             976.288154                 5.491625                 0.984552
   IB-3            055240EX9                             976.288098                 5.491627                 0.984553
   IB-4            055240EY7                             976.288140                 5.491631                 0.984554
   IB-5            055240EZ4                             976.288009                 5.491616                 0.984588

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          17.697850               922.936226                6.750000%                6.750000%
   IA-3                           6.308333             1,000.000000                7.570000%                7.570630%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          12.112311               491.845554                6.750000%                6.750000%
   IA-6                          18.329268               896.995175                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           2.989287             1,000.000000                3.587143%                3.584713%
   IA-10                         43.213513               759.427000                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.261459               935.372604                6.750000%                6.750000%
   I-X*                           3.453200               608.492931                6.750000%                6.750000%
   I-PO                           0.992614               730.359863                0.000000%                0.000000%
   I-M                            6.476179               975.303556                6.750000%                6.750000%
   IB-1                           6.476175               975.303575                6.750000%                6.750000%
   IB-2                           6.476178               975.303601                6.750000%                6.750000%
   IB-3                           6.476180               975.303545                6.750000%                6.750000%
   IB-4                           6.476185               975.303586                6.750000%                6.750000%
   IB-5                           6.476204               975.303421                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   August 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:           September 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           63,081,635.40               341,692.19               867,720.60
   II-X*                       2,345,961.00            1,407,550.10                 7,624.23                     0.00
   II-PO                         148,157.00              129,068.67                     0.00                   580.25
   IIM                           874,264.00              791,884.20                 4,289.37                 3,442.41
   IIB-1                         462,846.00              419,233.10                 2,270.85                 1,822.45
   IIB-2                         308,564.00              279,488.76                 1,513.90                 1,214.96
   IIB-3                         308,564.00              279,488.76                 1,513.90                 1,214.96
   IIB-4                         154,282.00              139,744.37                   756.95                   607.48
   IIB-5                         205,711.16              186,327.47                 1,009.27                   809.97
   R-III                              50.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          204,664,428.44             1,134,781.69             2,125,663.83
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,209,412.79                    0.00                     0.00            62,213,914.80
   II-X*                           7,624.23                    0.00                     0.00             1,391,366.41
   II-PO                             580.25                    0.00                     0.00               128,488.42
   IIM                             7,731.78                    0.00                     0.00               788,441.79
   IIB-1                           4,093.30                    0.00                     0.00               417,410.65
   IIB-2                           2,728.86                    0.00                     0.00               278,273.80
   IIB-3                           2,728.86                    0.00                     0.00               278,273.80
   IIB-4                           1,364.43                    0.00                     0.00               139,136.89
   IIB-5                           1,819.24                    0.00                     0.00               185,517.50
   R-III                               0.00                    0.00                     0.00                     0.00

------------------------------------------------------------------------------------------------------------------------------
TOTALS                         3,260,445.52                    0.00                     0.00           202,466,404.62
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             628.351638                 3.403571                 8.643303
   II-X*           055240EK7                             599.988704                 3.249939                 0.000000
   II-PO           055240EM3                             871.161471                 0.000000                 3.916453
   IIM             055240ER2                             905.772398                 4.906264                 3.937495
   IIB-1           055240ES0                             905.772330                 4.906276                 3.937487
   IIB-2           055240ET8                             905.772417                 4.906276                 3.937465
   IIB-3           055240FA8                             905.772417                 4.906276                 3.937465
   IIB-4           055240FB6                             905.772352                 4.906276                 3.937465
   IIB-5           055240FC4                             905.772297                 4.906248                 3.937414
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         12.046874               619.708336                6.500000%                6.500000%
   II-X*                          3.249939               593.090171                6.500000%                6.500000%
   II-PO                          3.916453               867.245017                0.000000%                0.000000%
   IIM                            8.843759               901.834903                6.500000%                6.500000%
   IIB-1                          8.843762               901.834844                6.500000%                6.500000%
   IIB-2                          8.843741               901.834952                6.500000%                6.500000%
   IIB-3                          8.843741               901.834952                6.500000%                6.500000%
   IIB-4                          8.843741               901.834887                6.500000%                6.500000%
   IIB-5                          8.843662               901.834883                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                   August 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:           September 25, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 September 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            131,276,050.49        65,306,871.01
                          LESS:                    SCHEDULED PRINCIPAL                            (132,389.47)         (283,890.44)
                                                   PRINCIPAL PREPAYMENTS                        (1,115,861.26)         (593,522.66)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               130,027,799.76        64,429,457.91
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               425                  219
                          ENDING NUMBER OF LOANS IN POOL                                                  421                  217

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     318                  146
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.529555%            7.082640%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                            30 TO 59           60 TO 89            90 PLUS
LOAN INFORMATION *                                                                DAYS               DAYS               DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                      <C>                   <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                              0.00               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.0000%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   0                  0                  0
                               PERCENTAGE OF LOANS                                    0.0000%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                              0.00               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.0000%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   0                  0                  0
                               PERCENTAGE OF LOANS                                    0.0000%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                          LOANS              LOANS               LOANS
FORECLOSURE, AND REO                                                               IN                 IN                 IN
LOAN INFORMATION *                                                             BANKRUPTCY        FORECLOSURE             REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                      <C>                   <C>                <C>
GROUP I                   PRINCIPAL BALANCE                                        653,517.07               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.5026%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   2                  0                  0
                               PERCENTAGE OF LOANS                                    0.4751%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                              0.00               0.00               0.00
                               PERCENTAGE OF GROUP BAL.                               0.0000%            0.0000%            0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                   0                  0                  0
                               PERCENTAGE OF LOANS                                    0.0000%            0.0000%            0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                              0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                             0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      48,832.11            24,402.59
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (3,211.35)             (694.08)
                                                   DELINQUENT SERVICING FEES                        (4,475.03)           (1,445.17)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       41,145.73            22,263.34
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        11,661.61            17,278.67
                          ADVANCED INTEREST                                                         72,440.79            22,298.20

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:        September 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                        OTHER                                  CUMULATIVE
                               PREPAYMENT            UNSCHEDULED           CERTIFICATE           UNPAID            CUMULATIVE
                                PRINCIPAL             PRINCIPAL             INTEREST            INTEREST            REALIZED
      CLASS                    DISTRIBUTED           DISTRIBUTED            SHORTFALL          SHORTFALL             LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                            <C>                  <C>                 <C>                 <C>
   CLASS IA-1                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-2                       35,129.00                   0.00                 0.00                0.00                0.00
   CLASS IA-3                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-4                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-5                      614,475.19                   0.00                 0.00                0.00                0.00
   CLASS IA-6                      305,594.10                   0.00                 0.00                0.00                0.00
   CLASS IA-7                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-8                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-9                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-10                     160,653.66                   0.00                 0.00                0.00                0.00
   CLASS IA-11                           0.00                   0.00                 0.00                0.00                0.00
   CLASS IA-12                           0.00                   0.00                 0.00                0.00                0.00
   CLASS I-X                             0.00                   0.00                 0.00                0.00                0.00
   CLASS I-PO                            9.31                   0.00                 0.00                0.00                0.00
   CLASS I-M                             0.00                   0.00                 0.00                0.00                0.00
   CLASS IB-1                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IB-2                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IB-3                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IB-4                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IB-5                            0.00                   0.00                 0.00                0.00                0.00
   CLASS IIA-1                     593,498.72                   0.00                 0.00                0.00                0.00
   CLASS II-X                            0.00                   0.00                 0.00                0.00                0.00
   CLASS II-PO                          23.94                   0.00                 0.00                0.00                0.00
   CLASS IIM                             0.00                   0.00                 0.00                0.00                0.00
   CLASS IIB-1                           0.00                   0.00                 0.00                0.00                0.00
   CLASS IIB-2                           0.00                   0.00                 0.00                0.00                0.00
   CLASS IIB-3                           0.00                   0.00                 0.00                0.00                0.00
   CLASS IIB-4                           0.00                   0.00                 0.00                0.00                0.00
   CLASS IIB-5                           0.00                   0.00                 0.00                0.00                0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                      1,709,383.92                   0.00                 0.00                0.00                0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 September 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                                 <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                         94.106768%
                          GROUP IA PREPAYMENT PERCENTAGE                                                             100.000000%
                          GROUP IIA PERCENTAGE                                                                        96.783926%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                            100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                             7,800.02
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                            9,112.24
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                         NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                        NO

                          GROUP I BANKRUPTCY AMOUNT                                                                   100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                  100,000.00
                          FRAUD LOSS AMOUNT                                                                         3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                     3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                         0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                      0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                     0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

--------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                      <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            2,898,019.75                16,301.36                30,979.24
   IA-3-L                     15,156,755.00           15,156,755.00                95,621.82                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           36,150,648.25               203,347.40               541,887.63
   IA-6-L                     25,717,028.00           23,068,050.03               129,757.78               269,494.47
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,738.53                     0.00
   IA-10-L                    14,360,000.00           13,253,364.20                74,550.17               141,675.74
   I-X-L*                     10,385,155.00            6,319,293.41                35,546.03                     0.00
   I-PO-L                         43,461.00               31,742.17                     0.00                    52.70
   I-B-L                       7,922,383.17            7,726,728.49                43,462.85                 7,881.16
   R-I                                50.00                    0.00                     0.02                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          136,347,092.77               766,773.87               991,970.94
--------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         47,280.60                    0.00                     0.00             2,867,040.51
   IA-3-L                         95,621.82                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        745,235.03                    0.00                     0.00            35,608,760.62
   IA-6-L                        399,252.25                    0.00                     0.00            22,798,555.56
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,738.53                    0.00                     0.00             3,929,529.00
   IA-10-L                       216,225.91                    0.00                     0.00            13,111,688.46
   I-X-L*                         35,546.03                    0.00                     0.00             6,282,145.29
   I-PO-L                             52.70                    0.00                     0.00                31,689.47
   I-B-L                          51,344.01                    0.00                     0.00             7,718,847.33
   R-I                                 0.02                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,758,744.81                    0.00                     0.00           135,317,973.71
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                922.936226                 5.191516                 9.866000
   IA-3-L                                              1,000.000000                 6.308858                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                491.845554                 2.766631                 7.372621
   IA-6-L                                                896.995175                 5.045598                10.479223
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 2.987261                 0.000000
   IA-10-L                                               922.936226                 5.191516                 9.865999
   I-X-L*                                                608.492931                 3.422773                 0.000000
   I-PO-L                                                730.359863                 0.000000                 1.212581
   I-B-L                                                 975.303558                 5.486083                 0.994797
   R-I                                                     0.000000                 0.400000                 0.000000

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        15.057516               913.070226                6.750000%                6.750000%
   IA-3-L                         6.308858             1,000.000000                7.570630%                7.570000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        10.139252               484.472934                6.750000%                6.750000%
   IA-6-L                        15.524821               886.515952                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         2.987261             1,000.000000                3.584713%                3.587143%
   IA-10-L                       15.057515               913.070227                6.750000%                6.750000%
   I-X-L*                         3.422773               604.915891                6.750000%                6.750000%
   I-PO-L                         1.212581               729.147281                0.000000%                0.000000%
   I-B-L                          6.480879               974.308761                6.750000%                6.750000%
   R-I                            0.400000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                 September 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            October 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           62,213,914.80               336,992.04               587,942.32
   II-X-L*                     2,345,961.00            1,391,366.41                 7,536.57                     0.00
   II-PO-L                       148,157.00              128,488.42                     0.00                   589.19
   II-B-L                      2,314,231.16            2,087,054.43                11,304.89                 9,183.81
   R-II                               50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           65,820,824.06               355,833.50               597,715.32
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IIA-1-L                       924,934.36                    0.00                     0.00            61,625,972.48
   II-X-L*                         7,536.57                    0.00                     0.00             1,374,403.48
   II-PO-L                           589.19                    0.00                     0.00               127,899.23
   II-B-L                         20,488.70                    0.00                     0.00             2,077,870.62
   R-II                                0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                           953,548.82                    0.00                     0.00            65,206,145.81
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               619.708336                 3.356754                 5.856451
   II-X-L*                                               593.090171                 3.212573                 0.000000
   II-PO-L                                               867.245017                 0.000000                 3.976795
   II-B-L                                                901.834901                 4.884944                 3.968407
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                             FACTOR INFORMATION PER $1000 OF ORIGINAL FACE            PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1-L                        9.213205               613.851885                6.500000%                6.500000%
   II-X-L*                        3.212573               585.859475                6.500000%                6.500000%
   II-PO-L                        3.976795               863.268222                0.000000%                0.000000%
   II-B-L                         8.853351               897.866495                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                 September 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            October 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

--------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            2,898,019.75                16,301.36                30,979.24
   IA-3                       15,156,755.00           15,156,755.00                95,621.82                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           36,150,648.25               203,347.40               541,887.63
   IA-6                       25,717,028.00           23,068,050.03               129,757.78               269,494.47
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,738.53                     0.00
   IA-10                       4,600,000.00            3,493,364.20                19,213.50               141,675.74
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              294,519.20                 1,656.67                     0.00
   I-X*                       10,385,155.00            6,319,293.41                35,546.03                     0.00
   I-PO                           43,461.00               31,742.17                     0.00                    52.70
   I-M                         3,664,102.00            3,573,611.71                20,101.57                 3,645.03
   IB-1                        1,683,506.00            1,641,929.42                 9,235.85                 1,674.74
   IB-2                          891,268.00              869,256.89                 4,889.57                   886.63
   IB-3                          693,208.00              676,088.22                 3,803.00                   689.60
   IB-4                          495,148.00              482,919.62                 2,716.42                   492.57
   IB-5                          495,151.17              482,922.63                 2,716.44                   492.59

--------------------------------------------------------------------------------------------------------------------------------
TOTALS              **See summary of balances on next page.
--------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           47,280.60                    0.00                     0.00             2,867,040.51
   IA-3                           95,621.82                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          745,235.03                    0.00                     0.00            35,608,760.62
   IA-6                          399,252.25                    0.00                     0.00            22,798,555.56
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,738.53                    0.00                     0.00             3,929,529.00
   IA-10                         160,889.24                    0.00                     0.00             3,351,688.46
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,656.67                    0.00                     0.00               294,519.20
   I-X*                           35,546.03                    0.00                     0.00             6,282,145.29
   I-PO                               52.70                    0.00                     0.00                31,689.47
   I-M                            23,746.60                    0.00                     0.00             3,569,966.68
   IB-1                           10,910.59                    0.00                     0.00             1,640,254.68
   IB-2                            5,776.20                    0.00                     0.00               868,370.26
   IB-3                            4,492.60                    0.00                     0.00               675,398.62
   IB-4                            3,208.99                    0.00                     0.00               482,427.05
   IB-5                            3,209.03                    0.00                     0.00               482,430.04

--------------------------------------------------------------------------------------------------------------------------------
TOTALS              **See summary of balances on next page.
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             922.936226                 5.191516                 9.866000
   IA-3            055240DX0                           1,000.000000                 6.308858                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             491.845554                 2.766631                 7.372621
   IA-6            055240EA9                             896.995175                 5.045598                10.479223
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 2.987261                 0.000000
   IA-10           055240EE1                             759.427000                 4.176848                30.799074
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             922.936215                 5.191515                 0.000000
   I-X*            055240EJ0                             608.492931                 3.422773                 0.000000
   I-PO            055240EL5                             730.359863                 0.000000                 1.212581
   I-M             055240EN1                             975.303556                 5.486084                 0.994795
   IB-1            055240EP6                             975.303575                 5.486081                 0.994793
   IB-2            055240EQ4                             975.303601                 5.486083                 0.994796
   IB-3            055240EX9                             975.303545                 5.486088                 0.994795
   IB-4            055240EY7                             975.303586                 5.486077                 0.994793
   IB-5            055240EZ4                             975.303421                 5.486082                 0.994827

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          15.057516               913.070226                6.750000%                6.750000%
   IA-3                           6.308858             1,000.000000                7.570630%                7.570000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          10.139252               484.472934                6.750000%                6.750000%
   IA-6                          15.524821               886.515952                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           2.987261             1,000.000000                3.584713%                3.587143%
   IA-10                         34.975922               728.627926                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.191515               922.936215                6.750000%                6.750000%
   I-X*                           3.422773               604.915891                6.750000%                6.750000%
   I-PO                           1.212581               729.147281                0.000000%                0.000000%
   I-M                            6.480879               974.308761                6.750000%                6.750000%
   IB-1                           6.480874               974.308782                6.750000%                6.750000%
   IB-2                           6.480879               974.308805                6.750000%                6.750000%
   IB-3                           6.480883               974.308750                6.750000%                6.750000%
   IB-4                           6.480870               974.308793                6.750000%                6.750000%
   IB-5                           6.480910               974.308593                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                 September 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            October 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           62,213,914.80               336,992.04               587,942.32
   II-X*                       2,345,961.00            1,391,366.41                 7,536.57                     0.00
   II-PO                         148,157.00              128,488.42                     0.00                   589.19
   IIM                           874,264.00              788,441.79                 4,270.73                 3,469.44
   IIB-1                         462,846.00              417,410.65                 2,260.97                 1,836.76
   IIB-2                         308,564.00              278,273.80                 1,507.32                 1,224.51
   IIB-3                         308,564.00              278,273.80                 1,507.32                 1,224.51
   IIB-4                         154,282.00              139,136.89                   753.66                   612.25
   IIB-5                         205,711.16              185,517.50                 1,004.89                   816.34
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          202,462,436.03             1,122,607.35             1,589,686.26
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                                DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                         924,934.36                    0.00                     0.00            61,625,972.48
   II-X*                           7,536.57                    0.00                     0.00             1,374,403.48
   II-PO                             589.19                    0.00                     0.00               127,899.23
   IIM                             7,740.17                    0.00                     0.00               784,972.35
   IIB-1                           4,097.73                    0.00                     0.00               415,573.89
   IIB-2                           2,731.83                    0.00                     0.00               277,049.29
   IIB-3                           2,731.83                    0.00                     0.00               277,049.29
   IIB-4                           1,365.91                    0.00                     0.00               138,524.64
   IIB-5                           1,821.23                    0.00                     0.00               184,701.16
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,712,293.61                    0.00                     0.00           200,818,638.72
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             619.708336                 3.356754                 5.856451
   II-X*           055240EK7                             593.090171                 3.212573                 0.000000
   II-PO           055240EM3                             867.245017                 0.000000                 3.976795
   IIM             055240ER2                             901.834903                 4.884943                 3.968412
   IIB-1           055240ES0                             901.834844                 4.884929                 3.968404
   IIB-2           055240ET8                             901.834952                 4.884951                 3.968415
   IIB-3           055240FA8                             901.834952                 4.884951                 3.968415
   IIB-4           055240FB6                             901.834887                 4.884951                 3.968383
   IIB-5           055240FC4                             901.834883                 4.884956                 3.968380
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                    <C>                       <C>                      <C>
   IIA-1                          9.213205               613.851885                6.500000%                6.500000%
   II-X*                          3.212573               585.859475                6.500000%                6.500000%
   II-PO                          3.976795               863.268222                0.000000%                0.000000%
   IIM                            8.853356               897.866491                6.500000%                6.500000%
   IIB-1                          8.853334               897.866439                6.500000%                6.500000%
   IIB-2                          8.853366               897.866537                6.500000%                6.500000%
   IIB-3                          8.853366               897.866537                6.500000%                6.500000%
   IIB-4                          8.853334               897.866504                6.500000%                6.500000%
   IIB-5                          8.853336               897.866504                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                 September 29, 2000                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            October 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 October 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            130,027,799.76        64,429,457.91
                          LESS:                    SCHEDULED PRINCIPAL                            (132,627.99)         (283,507.70)
                                                   PRINCIPAL PREPAYMENTS                          (859,342.93)         (314,207.64)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               129,035,828.84        63,831,742.57
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               421                  217
                          ENDING NUMBER OF LOANS IN POOL                                                  418                  215

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     317                  145
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.528597%            7.081291%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                               30 TO 59          60 TO 89          90 PLUS
LOAN INFORMATION *                                                                   DAYS              DAYS             DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                         <C>                  <C>              <C>
GROUP I                   PRINCIPAL BALANCE                                           218,947.35              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.1697%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      1                 0                0
                               PERCENTAGE OF LOANS                                       0.2392%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                 0.00              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.0000%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      0                 0                0
                               PERCENTAGE OF LOANS                                       0.0000%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                             LOANS             LOANS             LOANS
FORECLOSURE, AND REO                                                                  IN                IN               IN
LOAN INFORMATION *                                                                BANKRUPTCY       FORECLOSURE           REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                         <C>                  <C>              <C>
GROUP I                   PRINCIPAL BALANCE                                           652,476.77              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.5057%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      2                 0                0
                               PERCENTAGE OF LOANS                                       0.4785%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                 0.00              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.0000%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      0                 0                0
                               PERCENTAGE OF LOANS                                       0.0000%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                                0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                               0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      48,240.45            23,993.77
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (1,631.83)             (851.73)
                                                   DELINQUENT SERVICING FEES                        (9,431.54)           (3,646.31)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       37,177.08            19,495.73
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        21,430.57            43,375.43
                          ADVANCED INTEREST                                                        133,871.41            55,097.89

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:          October 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                       OTHER                                     CUMULATIVE
                              PREPAYMENT            UNSCHEDULED            CERTIFICATE             UNPAID            CUMULATIVE
                               PRINCIPAL             PRINCIPAL              INTEREST              INTEREST            REALIZED
      CLASS                   DISTRIBUTED           DISTRIBUTED             SHORTFALL            SHORTFALL             LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                            <C>                   <C>                   <C>                 <C>
   CLASS IA-1                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-2                     27,053.06                   0.00                  0.00                  0.00                0.00
   CLASS IA-3                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-4                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-5                    473,211.04                   0.00                  0.00                  0.00                0.00
   CLASS IA-6                    235,339.86                   0.00                  0.00                  0.00                0.00
   CLASS IA-7                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-8                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-9                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-10                   123,720.35                   0.00                  0.00                  0.00                0.00
   CLASS IA-11                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS IA-12                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS I-X                           0.00                   0.00                  0.00                  0.00                0.00
   CLASS I-PO                         18.62                   0.00                  0.00                  0.00                0.00
   CLASS I-M                           0.00                   0.00                  0.00                  0.00                0.00
   CLASS IB-1                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IB-2                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IB-3                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IB-4                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IB-5                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIA-1                   314,177.89                   0.00                  0.00                  0.00                0.00
   CLASS II-X                          0.00                   0.00                  0.00                  0.00                0.00
   CLASS II-PO                        29.75                   0.00                  0.00                  0.00                0.00
   CLASS IIM                           0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIB-1                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIB-2                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIB-3                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIB-4                         0.00                   0.00                  0.00                  0.00                0.00
   CLASS IIB-5                         0.00                   0.00                  0.00                  0.00                0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                    1,173,550.57                   0.00                  0.00                  0.00                0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 October 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                               <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                       94.056182%
                          GROUP IA PREPAYMENT PERCENTAGE                                                           100.000000%
                          GROUP IIA PERCENTAGE                                                                      96.754241%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                          100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                           7,881.14
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                          9,183.82
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                       NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                      NO

                          GROUP I BANKRUPTCY AMOUNT                                                                 100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                100,000.00
                          FRAUD LOSS AMOUNT                                                                       3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                   3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                       0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                    0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                   0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                    <C>
   IA-1-L                     32,400,889.00            8,861,022.47                49,843.25                     0.00
   IA-2-L                      3,140,000.00            2,867,040.51                16,127.10                40,149.87
   IA-3-L                     15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           35,608,760.62               200,299.28               702,299.98
   IA-6-L                     25,717,028.00           22,798,555.56               128,241.88               349,271.60
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10-L                    14,360,000.00           13,111,688.46                73,753.25               183,615.32
   I-X-L*                     10,385,155.00            6,282,145.29                35,337.07                     0.00
   I-PO-L                         43,461.00               31,689.47                     0.00                    36.24
   I-B-L                       7,922,383.17            7,718,847.33                43,418.51                 7,925.29
   R-I                                50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          135,317,973.71               760,985.35             1,283,298.30
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                         49,843.25                    0.00                     0.00             8,861,022.47
   IA-2-L                         56,276.97                    0.00                     0.00             2,826,890.64
   IA-3-L                         95,613.86                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                        902,599.26                    0.00                     0.00            34,906,460.64
   IA-6-L                        477,513.48                    0.00                     0.00            22,449,283.96
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         11,746.49                    0.00                     0.00             3,929,529.00
   IA-10-L                       257,368.57                    0.00                     0.00            12,928,073.14
   I-X-L*                         35,337.07                    0.00                     0.00             6,212,540.83
   I-PO-L                             36.24                    0.00                     0.00                31,653.23
   I-B-L                          51,343.80                    0.00                     0.00             7,710,922.04
   R-I                                 0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,044,283.65                    0.00                     0.00           133,965,070.95
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                273.480844                 1.538330                 0.000000
   IA-2-L                                                913.070226                 5.136019                12.786583
   IA-3-L                                              1,000.000000                 6.308333                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                484.472934                 2.725160                 9.555102
   IA-6-L                                                886.515952                 4.986652                13.581336
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 2.989287                 0.000000
   IA-10-L                                               913.070227                 5.136020                12.786582
   I-X-L*                                                604.915891                 3.402652                 0.000000
   I-PO-L                                                729.147281                 0.000000                 0.833851
   I-B-L                                                 974.308761                 5.480486                 1.000367
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                         1.538330               273.480844                6.750000%                6.750000%
   IA-2-L                        17.922602               900.283643                6.750000%                6.750000%
   IA-3-L                         6.308333             1,000.000000                7.570000%                7.565000%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        12.280262               474.917832                6.750000%                6.750000%
   IA-6-L                        18.567988               872.934616                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         2.989287             1,000.000000                3.587143%                3.606429%
   IA-10-L                       17.922602               900.283645                6.750000%                6.750000%
   I-X-L*                         3.402652               598.213588                6.750000%                6.750000%
   I-PO-L                         0.833851               728.313430                0.000000%                0.000000%
   I-B-L                          6.480853               973.308394                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  October 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            November 27, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

--------------------------------------------------------------------------------------------------------------------------------
                                                                                            DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                      <C>
   IIA-1-L                   100,392,251.00           61,625,972.48               333,807.35               844,471.42
   II-X-L*                     2,345,961.00            1,374,403.48                 7,444.69                     0.00
   II-PO-L                       148,157.00              127,899.23                     0.00                   592.37
   II-B-L                      2,314,231.16            2,077,870.62                11,255.12                 9,221.27
   R-II                               50.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           65,206,145.81               352,507.16               854,285.06
--------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------

                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     1,178,278.77                    0.00                     0.00            60,781,501.06
   II-X-L*                         7,444.69                    0.00                     0.00             1,345,090.15
   II-PO-L                           592.37                    0.00                     0.00               127,306.86
   II-B-L                         20,476.39                    0.00                     0.00             2,068,649.35
   R-II                                0.00                    0.00                     0.00                     0.00

--------------------------------------------------------------------------------------------------------------------------------
TOTALS                         1,206,792.22                    0.00                     0.00            64,322,547.42
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                         FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                      <C>
   IIA-1-L                                               613.851885                 3.325031                 8.411719
   II-X-L*                                               585.859475                 3.173407                 0.000000
   II-PO-L                                               863.268222                 0.000000                 3.998259
   II-B-L                                                897.866495                 4.863438                 3.984593
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                                                      PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       11.736750               605.440165                6.500000%                6.500000%
   II-X-L*                        3.173407               573.364242                6.500000%                6.500000%
   II-PO-L                        3.998259               859.269964                0.000000%                0.000000%
   II-B-L                         8.848031               893.881902                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  October 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            November 27, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00            8,483,957.76                49,843.25                     0.00
   IA-2                        3,140,000.00            2,867,040.51                16,127.10                40,149.87
   IA-3                       15,156,755.00           15,156,755.00                95,613.86                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           35,608,760.62               200,299.28               702,299.98
   IA-6                       25,717,028.00           22,798,555.56               128,241.88               349,271.60
   IA-7                        1,378,761.00              377,064.71                     0.00                     0.00
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                11,746.49                     0.00
   IA-10                       4,600,000.00            3,351,688.46                18,434.29               183,615.32
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              291,370.85                 1,638.96                     0.00
   I-X*                       10,385,155.00            6,282,145.29                35,337.07                     0.00
   I-PO                           43,461.00               31,689.47                     0.00                    36.24
   I-M                         3,664,102.00            3,569,966.68                20,081.06                 3,665.45
   IB-1                        1,683,506.00            1,640,254.68                 9,226.43                 1,684.12
   IB-2                          891,268.00              868,370.26                 4,884.58                   891.60
   IB-3                          693,208.00              675,398.62                 3,799.12                   693.46
   IB-4                          495,148.00              482,427.05                 2,713.65                   495.33
   IB-5                          495,151.17              482,430.04                 2,713.67                   495.33

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                              DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                           <C>                      <C>             <C>
   IA-1                           49,843.25                    0.00                     0.00             8,483,957.76
   IA-2                           56,276.97                    0.00                     0.00             2,826,890.64
   IA-3                           95,613.86                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                          902,599.26                    0.00                     0.00            34,906,460.64
   IA-6                          477,513.48                    0.00                     0.00            22,449,283.96
   IA-7                                0.00                    0.00                     0.00               377,064.71
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           11,746.49                    0.00                     0.00             3,929,529.00
   IA-10                         202,049.61                    0.00                     0.00             3,168,073.14
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,638.96                    0.00                     0.00               291,370.85
   I-X*                           35,337.07                    0.00                     0.00             6,212,540.83
   I-PO                               36.24                    0.00                     0.00                31,653.23
   I-M                            23,746.51                    0.00                     0.00             3,566,301.23
   IB-1                           10,910.55                    0.00                     0.00             1,638,570.56
   IB-2                            5,776.18                    0.00                     0.00               867,478.66
   IB-3                            4,492.58                    0.00                     0.00               674,705.16
   IB-4                            3,208.98                    0.00                     0.00               481,931.72
   IB-5                            3,209.00                    0.00                     0.00               481,934.71

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                    **See summary of balances on next page.
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             273.480844                 1.606700                 0.000000
   IA-2            055240DW2                             913.070226                 5.136019                12.786583
   IA-3            055240DX0                           1,000.000000                 6.308333                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             484.472934                 2.725160                 9.555102
   IA-6            055240EA9                             886.515952                 4.986652                13.581336
   IA-7            055240EB7                             273.480835                 0.000000                 0.000000
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 2.989287                 0.000000
   IA-10           055240EE1                             728.627926                 4.007454                39.916374
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                             913.070216                 5.136017                 0.000000
   I-X*            055240EJ0                             604.915891                 3.402652                 0.000000
   I-PO            055240EL5                             729.147281                 0.000000                 0.833851
   I-M             055240EN1                             974.308761                 5.480486                 1.000368
   IB-1            055240EP6                             974.308782                 5.480485                 1.000365
   IB-2            055240EQ4                             974.308805                 5.480484                 1.000373
   IB-3            055240EX9                             974.308750                 5.480491                 1.000364
   IB-4            055240EY7                             974.308793                 5.480483                 1.000368
   IB-5            055240EZ4                             974.308593                 5.480488                 1.000361

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                           1.606700               273.480844                7.050000%                7.050000%
   IA-2                          17.922602               900.283643                6.750000%                6.750000%
   IA-3                           6.308333             1,000.000000                7.570000%                7.565000%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          12.280262               474.917832                6.750000%                6.750000%
   IA-6                          18.567988               872.934616                6.750000%                6.750000%
   IA-7                           0.000000               273.480835                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           2.989287             1,000.000000                3.587143%                3.606429%
   IA-10                         43.923828               688.711552                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.136017               913.070216                6.750000%                6.750000%
   I-X*                           3.402652               598.213588                6.750000%                6.750000%
   I-PO                           0.833851               728.313430                0.000000%                0.000000%
   I-M                            6.480854               973.308393                6.750000%                6.750000%
   IB-1                           6.480850               973.308417                6.750000%                6.750000%
   IB-2                           6.480856               973.308432                6.750000%                6.750000%
   IB-3                           6.480854               973.308387                6.750000%                6.750000%
   IB-4                           6.480850               973.308425                6.750000%                6.750000%
   IB-5                           6.480849               973.308232                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  October 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            November 27, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           61,625,972.48               333,807.35               844,471.42
   II-X*                       2,345,961.00            1,374,403.48                 7,444.69                     0.00
   II-PO                         148,157.00              127,899.23                     0.00                   592.37
   IIM                           874,264.00              784,972.35                 4,251.93                 3,483.59
   IIB-1                         462,846.00              415,573.89                 2,251.03                 1,844.25
   IIB-2                         308,564.00              277,049.29                 1,500.68                 1,229.50
   IIB-3                         308,564.00              277,049.29                 1,500.68                 1,229.50
   IIB-4                         154,282.00              138,524.64                   750.34                   614.75
   IIB-5                         205,711.16              184,701.16                 1,000.46                   819.68
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          200,815,490.37             1,113,492.51             2,137,583.36
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       1,178,278.77                    0.00                     0.00            60,781,501.06
   II-X*                           7,444.69                    0.00                     0.00             1,345,090.15
   II-PO                             592.37                    0.00                     0.00               127,306.86
   IIM                             7,735.52                    0.00                     0.00               781,488.76
   IIB-1                           4,095.28                    0.00                     0.00               413,729.64
   IIB-2                           2,730.18                    0.00                     0.00               275,819.79
   IIB-3                           2,730.18                    0.00                     0.00               275,819.79
   IIB-4                           1,365.09                    0.00                     0.00               137,909.89
   IIB-5                           1,820.14                    0.00                     0.00               183,881.48
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         3,251,075.87                    0.00                     0.00           198,578,989.22
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                      <C>
   IIA-1           055240EH4                             613.851885                 3.325031                 8.411719
   II-X*           055240EK7                             585.859475                 3.173407                 0.000000
   II-PO           055240EM3                             863.268222                 0.000000                 3.998259
   IIM             055240ER2                             897.866491                 4.863439                 3.984597
   IIB-1           055240ES0                             897.866439                 4.863454                 3.984587
   IIB-2           055240ET8                             897.866537                 4.863432                 3.984587
   IIB-3           055240FA8                             897.866537                 4.863432                 3.984587
   IIB-4           055240FB6                             897.866504                 4.863432                 3.984587
   IIB-5           055240FC4                             897.866504                 4.863421                 3.984616
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                            FACTOR INFORMATION PER $1000 OF ORIGINAL FACE             PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         11.736750               605.440165                6.500000%                6.500000%
   II-X*                          3.173407               573.364242                6.500000%                6.500000%
   II-PO                          3.998259               859.269964                0.000000%                0.000000%
   IIM                            8.848037               893.881894                6.500000%                6.500000%
   IIB-1                          8.848040               893.881853                6.500000%                6.500000%
   IIB-2                          8.848019               893.881950                6.500000%                6.500000%
   IIB-3                          8.848019               893.881950                6.500000%                6.500000%
   IIB-4                          8.848019               893.881918                6.500000%                6.500000%
   IIB-5                          8.848037               893.881888                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                   Barbara Campbell
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  October 31, 2000                                              Santa Ana, CA 92705
DISTRIBUTION DATE:            November 27, 2000                 FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 November 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            129,035,828.84        63,831,742.57
                          LESS:                    SCHEDULED PRINCIPAL                            (132,488.76)         (283,270.37)
                                                   PRINCIPAL PREPAYMENTS                        (1,150,809.54)         (571,014.69)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               127,752,530.54        62,977,457.51
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               418                  215
                          ENDING NUMBER OF LOANS IN POOL                                                  414                  213

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     316                  144
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.529410%            7.081612%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                               30 TO 59          60 TO 89          90 PLUS
LOAN INFORMATION *                                                                   DAYS              DAYS             DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                         <C>                  <C>              <C>
GROUP I                   PRINCIPAL BALANCE                                           666,475.25              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.5217%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      2                 0                0
                               PERCENTAGE OF LOANS                                       0.4831%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                 0.00              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.0000%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      0                 0                0
                               PERCENTAGE OF LOANS                                       0.0000%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                             LOANS             LOANS             LOANS
FORECLOSURE, AND REO                                                                  IN                IN               IN
LOAN INFORMATION *                                                                BANKRUPTCY       FORECLOSURE           REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                         <C>                  <C>              <C>
GROUP I                   PRINCIPAL BALANCE                                           286,326.16              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.2241%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      1                 0                0
                               PERCENTAGE OF LOANS                                       0.2415%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                 0.00              0.00             0.00
                               PERCENTAGE OF GROUP BAL.                                  0.0000%           0.0000%          0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                      0                 0                0
                               PERCENTAGE OF LOANS                                       0.0000%           0.0000%          0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                                0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                               0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                              <C>                  <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      47,898.71            23,813.48
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (5,071.97)           (1,619.54)
                                                   DELINQUENT SERVICING FEES                        (5,197.94)           (2,223.77)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       37,628.80            19,970.17
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                        12,936.52            22,540.63
                          ADVANCED INTEREST                                                         79,988.18            29,087.21

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:      November 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                    OTHER                                       CUMULATIVE
                          PREPAYMENT             UNSCHEDULED             CERTIFICATE              UNPAID            CUMULATIVE
                           PRINCIPAL              PRINCIPAL               INTEREST               INTEREST            REALIZED
      CLASS               DISTRIBUTED            DISTRIBUTED              SHORTFALL             SHORTFALL             LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>                             <C>                    <C>                    <C>                 <C>
   CLASS IA-1                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-2                  36,229.47                    0.00                   0.00                   0.00                0.00
   CLASS IA-3                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-4                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-5                 633,724.54                    0.00                   0.00                   0.00                0.00
   CLASS IA-6                 315,167.29                    0.00                   0.00                   0.00                0.00
   CLASS IA-7                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-8                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-9                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-10                165,686.37                    0.00                   0.00                   0.00                0.00
   CLASS IA-11                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS IA-12                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS I-X                        0.00                    0.00                   0.00                   0.00                0.00
   CLASS I-PO                       1.86                    0.00                   0.00                   0.00                0.00
   CLASS I-M                        0.00                    0.00                   0.00                   0.00                0.00
   CLASS IB-1                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IB-2                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IB-3                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IB-4                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IB-5                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIA-1                570,984.95                    0.00                   0.00                   0.00                0.00
   CLASS II-X                       0.00                    0.00                   0.00                   0.00                0.00
   CLASS II-PO                     29.74                    0.00                   0.00                   0.00                0.00
   CLASS IIM                        0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIB-1                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIB-2                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIB-3                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIB-4                      0.00                    0.00                   0.00                   0.00                0.00
   CLASS IIB-5                      0.00                    0.00                   0.00                   0.00                0.00

-----------------------------------------------------------------------------------------------------------------------------------
     TOTALS                 1,721,824.23                    0.00                   0.00                   0.00                0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 November 27, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                                  <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                          94.016589%
                          GROUP IA PREPAYMENT PERCENTAGE                                                              100.000000%
                          GROUP IIA PERCENTAGE                                                                         96.738234%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                             100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                              7,925.29
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                             9,221.27
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                          NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                         NO

                          GROUP I BANKRUPTCY AMOUNT                                                                    100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                   100,000.00
                          FRAUD LOSS AMOUNT                                                                          3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                      3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                          0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                       0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                      0.00

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                  Page 7 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

                 This statement is also available on Bankers Trust's website, http://online.bankerstrust.com/invr/.
    BT begins posting statements to the web at 7:00 PM Eastern Standard time on the business day before each distribution date.

-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                          <C>                    <C>
   IA-1-L                     32,400,889.00           10,600,472.35                59,627.66               699,313.97
   IA-2-L                      3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3-L                     15,156,755.00           15,156,755.00                93,971.88                     0.00
   IA-4-L                     18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5-L                     73,500,000.00           43,181,830.11               242,897.79               857,062.24
   IA-6-L                     25,717,028.00           25,717,028.00               144,658.28                     0.00
   IA-8-L                      2,937,483.00                    0.00                     0.00                     0.00
   IA-9-L                      3,929,529.00            3,929,529.00                13,388.47                     0.00
   IA-10-L                    14,360,000.00           14,360,000.00                80,775.00                    (0.00)
   I-X-L*                     10,385,155.00            6,958,980.61                39,144.27                     0.00
   I-PO-L                         43,461.00               36,864.87                     0.00                    54.98
   I-B-L                       7,922,383.17            7,794,516.76                43,844.15                 7,278.94
   R-I                                50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       208,444,673.17          149,827,916.70               842,574.66             1,563,710.13
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IA-1-L                        758,941.63                    0.00                     0.00             9,901,158.38
   IA-2-L                         17,662.50                    0.00                     0.00             3,140,000.00
   IA-3-L                         93,971.88                    0.00                     0.00            15,156,755.00
   IA-4-L                        106,604.66                    0.00                     0.00            18,951,940.00
   IA-5-L                      1,099,960.03                    0.00                     0.00            42,324,767.87
   IA-6-L                        144,658.28                    0.00                     0.00            25,717,028.00
   IA-8-L                              0.00                    0.00                     0.00                     0.00
   IA-9-L                         13,388.47                    0.00                     0.00             3,929,529.00
   IA-10-L                        80,775.00                    0.00                     0.00            14,360,000.00
   I-X-L*                         39,144.27                    0.00                     0.00             6,876,075.55
   I-PO-L                             54.98                    0.00                     0.00                36,809.89
   I-B-L                          51,123.09                    0.00                     0.00             7,787,237.82
   R-I                                 0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,406,284.79                    0.00                     0.00           148,181,301.51
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                     <C>
   IA-1-L                                                327.166096                 1.840309                21.583172
   IA-2-L                                              1,000.000000                 5.625000                 0.000000
   IA-3-L                                              1,000.000000                 6.200000                 0.000000
   IA-4-L                                              1,000.000000                 5.625000                 0.000000
   IA-5-L                                                587.507893                 3.304732                11.660711
   IA-6-L                                              1,000.000000                 5.625000                 0.000000
   IA-8-L                                                  0.000000                 0.000000                 0.000000
   IA-9-L                                              1,000.000000                 3.407144                 0.000000
   IA-10-L                                             1,000.000000                 5.625000                (0.000000)
   I-X-L*                                                670.089239                 3.769252                 0.000000
   I-PO-L                                                848.228757                 0.000000                 1.265042
   I-B-L                                                 983.860108                 5.534212                 0.918782
   R-I                                                     0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1-L                        23.423482               305.582923                6.750000%                6.750000%
   IA-2-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-3-L                         6.200000             1,000.000000                7.440000%                6.768750%
   IA-4-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-5-L                        14.965443               575.847182                6.750000%                6.750000%
   IA-6-L                         5.625000             1,000.000000                6.750000%                6.750000%
   IA-8-L                         0.000000                 0.000000                6.750000%                6.750000%
   IA-9-L                         3.407144             1,000.000000                4.088571%                6.677679%
   IA-10-L                        5.625000             1,000.000000                6.750000%                6.750000%
   I-X-L*                         3.769252               662.106204                6.750000%                6.750000%
   I-PO-L                         1.265042               846.963715                0.000000%                0.000000%
   I-B-L                          6.452994               982.941326                6.750000%                6.750000%
   R-I                            0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

This statement is also available on Bankers Trust's Website,
http://online.bankerstrust.com/invr/. We begin posting statements to the Web at
7:00pm Eastern Time on the business day before each distribution date.

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  December 31, 1999                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            January 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 1 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                           Series 1998-2

                                                  Statements to Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                                                            DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                      <C>                         <C>                    <C>
   IIA-1-L                   100,392,251.00           70,191,904.24               380,206.15             2,087,402.99
   II-X-L*                     2,345,961.00            1,549,421.90                 8,392.70                     0.00
   II-PO-L                       148,157.00              137,971.08                     0.00                 4,876.57
   II-B-L                      2,314,231.16            2,166,370.85                11,734.51                 8,380.55
   R-II                               50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       105,200,650.16           74,045,668.07               400,333.36             2,100,660.11
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------

                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IIA-1-L                     2,467,609.14                    0.00                     0.00            68,104,501.25
   II-X-L*                         8,392.70                    0.00                     0.00             1,500,795.96
   II-PO-L                         4,876.57                    0.00                     0.00               133,094.51
   II-B-L                         20,115.06                    0.00                     0.00             2,157,990.30
   R-II                                0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         2,500,993.47                    0.00                     0.00            71,896,382.02
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                        <C>                     <C>
   IIA-1-L                                               699.176516                 3.787206                20.792471
   II-X-L*                                               660.463622                 3.577510                 0.000000
   II-PO-L                                               931.249148                 0.000000                32.914881
   II-B-L                                                936.108236                 5.070587                 3.621311
   R-II                                                    0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1-L                       24.579677               678.384044                6.500000%                6.500000%
   II-X-L*                        3.577510               639.736108                6.500000%                6.500000%
   II-PO-L                       32.914881               898.334267                0.000000%                0.000000%
   II-B-L                         8.691897               932.486926                6.500000%                6.500000%
   R-II                           0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  December 31, 1999                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            January 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 2 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                  Statements to Certificateholders

------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                     <C>                         <C>                      <C>
   IA-1                       31,022,128.00           10,149,388.51                59,627.66               669,555.93
   IA-2                        3,140,000.00            3,140,000.00                17,662.50                     0.00
   IA-3                       15,156,755.00           15,156,755.00                93,971.88                     0.00
   IA-4                       18,951,940.00           18,951,940.00               106,604.66                     0.00
   IA-5                       73,500,000.00           43,181,830.11               242,897.79               857,062.24
   IA-6                       25,717,028.00           25,717,028.00               144,658.28                     0.00
   IA-7                        1,378,761.00              451,083.84                     0.00                29,758.04
   IA-8                        2,937,483.00                    0.00                     0.00                     0.00
   IA-9                        3,929,529.00            3,929,529.00                13,388.47                     0.00
   IA-10                       4,600,000.00            4,600,000.00                25,300.00                    (0.00)
   IA-11                       9,760,000.00            9,760,000.00                53,680.00                     0.00
   IA-12*                        319,111.11              319,111.11                 1,795.00                     0.00
   I-X*                       10,385,155.00            6,958,980.61                39,144.27                     0.00
   I-PO                           43,461.00               36,864.87                     0.00                    54.98
   I-M                         3,664,102.00            3,604,963.80                20,277.92                 3,366.51
   IB-1                        1,683,506.00            1,656,334.41                 9,316.88                 1,546.77
   IB-2                          891,268.00              876,883.05                 4,932.47                   818.88
   IB-3                          693,208.00              682,019.69                 3,836.36                   636.91
   IB-4                          495,148.00              487,156.37                 2,740.25                   454.93
   IB-5                          495,151.17              487,159.44                 2,740.27                   454.94

------------------------------------------------------------------------------------------------------------------------------
TOTALS              **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>             <C>
   IA-1                          729,183.59                    0.00                     0.00             9,479,832.58
   IA-2                           17,662.50                    0.00                     0.00             3,140,000.00
   IA-3                           93,971.88                    0.00                     0.00            15,156,755.00
   IA-4                          106,604.66                    0.00                     0.00            18,951,940.00
   IA-5                        1,099,960.03                    0.00                     0.00            42,324,767.87
   IA-6                          144,658.28                    0.00                     0.00            25,717,028.00
   IA-7                           29,758.04                    0.00                     0.00               421,325.80
   IA-8                                0.00                    0.00                     0.00                     0.00
   IA-9                           13,388.47                    0.00                     0.00             3,929,529.00
   IA-10                          25,300.00                    0.00                     0.00             4,600,000.00
   IA-11                          53,680.00                    0.00                     0.00             9,760,000.00
   IA-12*                          1,795.00                    0.00                     0.00               319,111.11
   I-X*                           39,144.27                    0.00                     0.00             6,876,075.55
   I-PO                               54.98                    0.00                     0.00                36,809.89
   I-M                            23,644.43                    0.00                     0.00             3,601,597.29
   IB-1                           10,863.65                    0.00                     0.00             1,654,787.64
   IB-2                            5,751.35                    0.00                     0.00               876,064.17
   IB-3                            4,473.27                    0.00                     0.00               681,382.78
   IB-4                            3,195.18                    0.00                     0.00               486,701.44
   IB-5                            3,195.21                    0.00                     0.00               486,704.50

------------------------------------------------------------------------------------------------------------------------------
TOTALS              **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                 <C>                          <C>                     <C>
   IA-1            055240DV4                             327.166096                 1.922101                21.583172
   IA-2            055240DW2                           1,000.000000                 5.625000                 0.000000
   IA-3            055240DX0                           1,000.000000                 6.200000                 0.000000
   IA-4            055240DY8                           1,000.000000                 5.625000                 0.000000
   IA-5            055240DZ5                             587.507893                 3.304732                11.660711
   IA-6            055240EA9                           1,000.000000                 5.625000                 0.000000
   IA-7            055240EB7                             327.166086                 0.000000                21.583175
   IA-8            055240EC5                               0.000000                 0.000000                 0.000000
   IA-9            055240ED3                           1,000.000000                 3.407144                 0.000000
   IA-10           055240EE1                           1,000.000000                 5.500000                (0.000000)
   IA-11           055240EF8                           1,000.000000                 5.500000                 0.000000
   IA-12*          055240EG6                           1,000.000000                 5.625000                 0.000000
   I-X*            055240EJ0                             670.089239                 3.769252                 0.000000
   I-PO            055240EL5                             848.228757                 0.000000                 1.265042
   I-M             055240EN1                             983.860111                 5.534213                 0.918782
   IB-1            055240EP6                             983.860117                 5.534213                 0.918779
   IB-2            055240EQ4                             983.860130                 5.534216                 0.918781
   IB-3            055240EX9                             983.860097                 5.534212                 0.918786
   IB-4            055240EY7                             983.860119                 5.534204                 0.918776
   IB-5            055240EZ4                             983.860020                 5.534209                 0.918790

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                   <C>                         <C>                      <C>
   IA-1                          23.505273               305.582924                7.050000%                7.050000%
   IA-2                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-3                           6.200000             1,000.000000                7.440000%                6.768750%
   IA-4                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-5                          14.965443               575.847182                6.750000%                6.750000%
   IA-6                           5.625000             1,000.000000                6.750000%                6.750000%
   IA-7                          21.583175               305.582911                0.000000%                0.000000%
   IA-8                           0.000000                 0.000000                6.750000%                6.750000%
   IA-9                           3.407144             1,000.000000                4.088571%                6.677679%
   IA-10                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-11                          5.500000             1,000.000000                6.600000%                6.600000%
   IA-12*                         5.625000             1,000.000000                6.750000%                6.750000%
   I-X*                           3.769252               662.106204                6.750000%                6.750000%
   I-PO                           1.265042               846.963715                0.000000%                0.000000%
   I-M                            6.452994               982.941329                6.750000%                6.750000%
   IB-1                           6.452992               982.941338                6.750000%                6.750000%
   IB-2                           6.452997               982.941349                6.750000%                6.750000%
   IB-3                           6.452998               982.941311                6.750000%                6.750000%
   IB-4                           6.452980               982.941343                6.750000%                6.750000%
   IB-5                           6.452999               982.941230                6.750000%                6.750000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  December 31, 1999                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            January 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 3 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                              PRIOR
                                   ORIGINAL               PRINCIPAL
   CLASS                         FACE VALUE                 BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                     <C>                        <C>                      <C>
   IIA-1                     100,392,251.00           70,191,904.24               380,206.15             2,087,402.99
   II-X*                       2,345,961.00            1,549,421.90                 8,392.70                     0.00
   II-PO                         148,157.00              137,971.08                     0.00                 4,876.57
   IIM                           874,264.00              818,405.74                 4,433.03                 3,165.98
   IIB-1                         462,846.00              433,273.93                 2,346.90                 1,676.11
   IIB-2                         308,564.00              288,849.31                 1,564.60                 1,117.41
   IIB-3                         308,564.00              288,849.31                 1,564.60                 1,117.41
   IIB-4                         154,282.00              144,424.65                   782.30                   558.70
   IIB-5                         205,711.16              192,567.91                 1,043.08                   744.94
   R-III                              50.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                       313,964,384.44          224,192,695.88             1,242,908.02             3,664,370.24
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                             DISTRIBUTIONS IN DOLLARS
                                                                                                              CURRENT
                                                           REALIZED                 DEFERRED                PRINCIPAL
   CLASS                              TOTAL                  LOSSES                 INTEREST                  BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>                             <C>                      <C>            <C>
   IIA-1                       2,467,609.14                    0.00                     0.00            68,104,501.25
   II-X*                           8,392.70                    0.00                     0.00             1,500,795.96
   II-PO                           4,876.57                    0.00                     0.00               133,094.51
   IIM                             7,599.01                    0.00                     0.00               815,239.76
   IIB-1                           4,023.01                    0.00                     0.00               431,597.82
   IIB-2                           2,682.01                    0.00                     0.00               287,731.90
   IIB-3                           2,682.01                    0.00                     0.00               287,731.90
   IIB-4                           1,341.00                    0.00                     0.00               143,865.95
   IIB-5                           1,788.02                    0.00                     0.00               191,822.97
   R-III                               0.00                    0.00                     0.00                     0.00

-------------------------------------------------------------------------------------------------------------------------------
TOTALS                         4,907,278.26                    0.00                     0.00           220,396,794.64
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

*    Represents notional balance

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
                                                              PRIOR
                                                          PRINCIPAL
   CLASS                    CUSIP                           BALANCE                 INTEREST                PRINCIPAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>                        <C>                     <C>
   IIA-1           055240EH4                             699.176516                 3.787206                20.792471
   II-X*           055240EK7                             660.463622                 3.577510                 0.000000
   II-PO           055240EM3                             931.249148                 0.000000                32.914881
   IIM             055240ER2                             936.108246                 5.070585                 3.621309
   IIB-1           055240ES0                             936.108187                 5.070585                 3.621312
   IIB-2           055240ET8                             936.108263                 5.070585                 3.621323
   IIB-3           055240FA8                             936.108263                 5.070585                 3.621323
   IIB-4           055240FB6                             936.108230                 5.070585                 3.621291
   IIB-5           055240FC4                             936.108231                 5.070605                 3.621291
   R-III           055240EW1                               0.000000                 0.000000                 0.000000

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE              PASS-THROUGH
                                                            CURRENT                      RATES
                                                          PRINCIPAL
   CLASS                             TOTAL                  BALANCE                  CURRENT                     NEXT
-------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                     <C>                       <C>                      <C>
   IIA-1                         24.579677               678.384044                6.500000%                6.500000%
   II-X*                          3.577510               639.736108                6.500000%                6.500000%
   II-PO                         32.914881               898.334267                0.000000%                0.000000%
   IIM                            8.691894               932.486938                6.500000%                6.500000%
   IIB-1                          8.691898               932.486875                6.500000%                6.500000%
   IIB-2                          8.691908               932.486940                6.500000%                6.500000%
   IIB-3                          8.691908               932.486940                6.500000%                6.500000%
   IIB-4                          8.691876               932.486940                6.500000%                6.500000%
   IIB-5                          8.691896               932.486939                6.500000%                6.500000%
   R-III                          0.000000                 0.000000                0.000000%                0.000000%
</TABLE>

<TABLE>
<S>                     <C>                                  <C>                            <C>
-----------------------------------------------------------------------------------------------------------------------------
SELLER:                        Bank of America               ADMINISTRATOR:                    Kelly L. Shea
SERVICER:                      Bank of America                                                 Deutsche Bank
LEAD UNDERWRITER:       Donaldson, Lufkin & Jenrette                                         1761 E. St. Andrew
RECORD DATE:                  December 31, 1999                                             Santa Ana, CA 92705
DISTRIBUTION DATE:            January 25, 2000                  FACTOR INFORMATION:            (800) 735-7777
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 4 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 January 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                                    GROUP I             GROUP II
--------------------------                                                                    -------             --------
<S>                                                <C>                                         <C>                   <C>
                          BEGINNING BALANCE OF POOL                                            142,868,936.47        72,496,246.45
                          LESS:                    SCHEDULED PRINCIPAL                            (133,420.57)         (280,447.68)
                                                   PRINCIPAL PREPAYMENTS                        (1,430,289.56)       (1,820,212.43)
                                                   REPURCHASES                                           0.00                 0.00
                                                   LIQUIDATIONS                                          0.00                 0.00
                                                   OTHER UNSCHEDULED PRINCIPAL                           0.00                 0.00
                                                                                             -----------------   ------------------
                          ENDING BALANCE OF POOL                                               141,305,226.34        70,395,586.34
                                                                                             =================   ==================

                          BEGINNING NUMBER OF LOANS IN POOL                                               458                  235
                          ENDING NUMBER OF LOANS IN POOL                                                  453                  229

                          WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     327                  155
                          WEIGHTED AVERAGE NET CONTRACT RATE                                        7.536067%            7.086896%

                          CURRENT REALIZED LOSSES ON THE POOL                                            0.00                 0.00
                          CUMULATIVE REALIZED LOSSES ON THE POOL                                         0.00                 0.00

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,
FORECLOSURE, AND REO                                                               30 TO 59          60 TO 89           90 PLUS
LOAN INFORMATION *                                                                   DAYS              DAYS              DAYS
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                           <C>               <C>               <C>
GROUP I                   PRINCIPAL BALANCE                                                0.00              0.00              0.00
                               PERCENTAGE OF GROUP BAL.                                 0.0000%           0.0000%           0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                     0                 0                 0
                               PERCENTAGE OF LOANS                                      0.0000%           0.0000%           0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                0.00              0.00              0.00
                               PERCENTAGE OF GROUP BAL.                                 0.0000%           0.0000%           0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                     0                 0                 0
                               PERCENTAGE OF LOANS                                      0.0000%           0.0000%           0.0000%
-----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                             LOANS             LOANS              LOANS
FORECLOSURE, AND REO                                                                  IN                IN                IN
LOAN INFORMATION *                                                                BANKRUPTCY       FORECLOSURE            REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                                                        <C>                  <C>               <C>
GROUP I                   PRINCIPAL BALANCE                                          519,034.92              0.00              0.00
                               PERCENTAGE OF GROUP BAL.                                 0.3673%           0.0000%           0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                     2                 0                 0
                               PERCENTAGE OF LOANS                                      0.4415%           0.0000%           0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II                  PRINCIPAL BALANCE                                                0.00              0.00              0.00
                               PERCENTAGE OF GROUP BAL.                                 0.0000%           0.0000%           0.0000%
                          ---------------------------------------------------------------------------------------------------------
                          NUMBER OF LOANS                                                     0                 0                 0
                               PERCENTAGE OF LOANS                                      0.0000%           0.0000%           0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
* REO'S, FORECLOSURES, AND BANKRUPTCIES ARE INCLUDED IN THE APPROPRIATE DELINQUENCY CATEGORIES.
                          GROUP I BOOK VALUE OF REO PROPERTIES                                               0.00
                          GROUP II BOOK VALUE OF REO PROPERTIES                                              0.00

<CAPTION>
SERVICING INFORMATION:                                                                        GROUP I             GROUP II
----------------------                                                                        -------             --------
<S>                                                <C>                                         <C>                   <C>
                          SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                      53,817.22            27,388.19
                          PLUS:                    ADDITIONAL SERVICING COMPENSATION                     0.00                 0.00
                          LESS:                    AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (3,139.46)           (5,167.54)
                                                   DELINQUENT SERVICING FEES                        (1,832.56)             (629.30)
                                                                                             -----------------   ------------------
                          SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                       48,845.20            21,591.35
                                                                                             =================   ==================

                          ADVANCED PRINCIPAL                                                         4,159.47             6,204.09
                          ADVANCED INTEREST                                                         27,717.46             9,034.26

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 5 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.

                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:       January 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
                                                   OTHER                                    CUMULATIVE
                           PREPAYMENT           UNSCHEDULED        CERTIFICATE                UNPAID              CUMULATIVE
                            PRINCIPAL            PRINCIPAL          INTEREST                 INTEREST              REALIZED
      CLASS                DISTRIBUTED          DISTRIBUTED         SHORTFALL               SHORTFALL               LOSSES
-----------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>                           <C>               <C>                      <C>                   <C>
   CLASS IA-1                615,305.21                  0.00              0.00                     0.00                  0.00
   CLASS IA-2                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-3                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-4                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-5                787,618.83                  0.00              0.00                     0.00                  0.00
   CLASS IA-6                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-7                 27,346.90                  0.00              0.00                     0.00                  0.00
   CLASS IA-8                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-9                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-10                    (0.00)                 0.00              0.00                     0.00                  0.00
   CLASS IA-11                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS IA-12                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS I-X                       0.00                  0.00              0.00                     0.00                  0.00
   CLASS I-PO                     18.62                  0.00              0.00                     0.00                  0.00
   CLASS I-M                       0.00                  0.00              0.00                     0.00                  0.00
   CLASS IB-1                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IB-2                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IB-3                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IB-4                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IB-5                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIA-1             1,815,867.30                  0.00              0.00                     0.00                  0.00
   CLASS II-X                      0.00                  0.00              0.00                     0.00                  0.00
   CLASS II-PO                 4,345.13                  0.00              0.00                     0.00                  0.00
   CLASS IIM                       0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIB-1                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIB-2                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIB-3                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIB-4                     0.00                  0.00              0.00                     0.00                  0.00
   CLASS IIB-5                     0.00                  0.00              0.00                     0.00                  0.00

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     TOTALS                3,250,501.99                  0.00              0.00                     0.00                  0.00
-----------------------------------------------------------------------------------------------------------------------------------

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</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


                                   Page 6 of 7
<PAGE>

<TABLE>
<CAPTION>
                                                    BA MORTGAGE SECURITIES, INC.
                                                 Mortgage Pass-Through Certificates
                                                            Series 1998-2

                                                   Statement To Certificateholders

-----------------------------------------------------------------------------------------------------------------------------------

Distribution Date:                                 January 25, 2000
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                                <C>
                          OTHER REPORTING ITEMS:

                          GROUP IA PERCENTAGE                                                                        94.542881%
                          GROUP IA PREPAYMENT PERCENTAGE                                                            100.000000%
                          GROUP IIA PERCENTAGE                                                                       97.006050%
                          GROUP IIA PREPAYMENT PERCENTAGE                                                           100.000000%

                          GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                            7,278.94
                          GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                           8,380.55
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP I?                                        NO
                          HAS THE CREDIT SUPPORT DEPLETION DATE OCCURRED FOR GROUP II?                                       NO

                          GROUP I BANKRUPTCY AMOUNT                                                                  100,000.00
                          GROUP II BANKRUPTCY AMOUNT                                                                 100,000.00
                          FRAUD LOSS AMOUNT                                                                        3,009,142.57
                          SPECIAL HAZARD AMOUNT                                                                    3,009,143.00
                          EXTRAORDINARY LOSSES FOR THE PRIOR PERIOD                                                        0.00

                          GROUP I EXTRAORDINARY LOSSES                                                                     0.00
                          GROUP II EXTRAORDINARY LOSSES                                                                    0.00

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</TABLE>

                                                (C) COPYRIGHT 2000 Deutsche Bank


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