EXHIBIT 99.1

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                        CURRENT
                  ORIGINAL       PRINCIPAL                                             REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE     INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>             <C>            <C>            <C>             <C>       <C>    <C>
IA-1-L       32,400,889.00    8,861,022.47    49,843.25           0.00      49,843.25      0.00      0.00    8,861,022.47
IA-2-L        3,140,000.00    2,774,204.65    15,604.90       7,300.37      22,905.27      0.00      0.00    2,766,904.28
IA-3-L       15,156,755.00   15,156,755.00    84,514.70           0.00      84,514.70      0.00      0.00   15,156,755.00
IA-4-L       18,951,940.00   18,951,940.00   106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5-L       73,500,000.00   33,984,879.24   191,164.95     127,697.89     318,862.84      0.00      0.00   33,857,181.35
IA-6-L       25,717,028.00   21,990,958.15   123,699.14      63,507.40     187,206.54      0.00      0.00   21,927,450.75
IA-8-L        2,937,483.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00
IA-9-L        3,929,529.00    3,929,529.00    22,845.65           0.00      22,845.65      0.00      0.00    3,929,529.00
IA-10-L      14,360,000.00   12,687,127.01    71,365.09      33,386.43     104,751.52      0.00      0.00   12,653,740.58
I-X-L*       10,385,155.00    6,116,091.34    34,403.01           0.00      34,403.01      0.00      0.00    6,105,988.70
I-PO-L           43,461.00       31,583.85         0.00          34.98          34.98      0.00      0.00       31,548.87
I-B-L         7,922,383.17    7,694,816.58    43,283.35       8,198.65      51,482.00      0.00      0.00    7,686,617.93
R-I                  50.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00


-------------------------------------------------------------------------------------------------------------------------------
TOTALS      208,444,673.17  132,178,907.29   743,328.70     240,125.72     983,454.42      0.00      0.00  131,928,678.93
-------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                PASS-THROUGH
                                     PRIOR                                               CURRENT            RATES
                                 PRINCIPAL                                             PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL       TOTAL        BALANCE      CURRENT         NEXT
-------------------------------------------------------------------------------------------------------------------------------

<S>                           <C>                <C>          <C>         <C>        <C>              <C>          <C>
IA-1-L                          273.480844       1.538330     0.000000    1.538330     273.480844     6.750000%    6.750000%
IA-2-L                          883.504666       4.969713     2.324959    7.294672     881.179707     6.750000%    6.750000%
IA-3-L                        1,000.000000       5.576042     0.000000    5.576042   1,000.000000     6.427500%    6.427500%
IA-4-L                        1,000.000000       5.625000     0.000000    5.625000   1,000.000000     6.750000%    6.750000%
IA-5-L                          462.379309       2.600884     1.737386    4.338270     460.641923     6.750000%    6.750000%
IA-6-L                          855.112735       4.810009     2.469469    7.279478     852.643266     6.750000%    6.750000%
IA-8-L                            0.000000       0.000000     0.000000    0.000000       0.000000     6.750000%    6.750000%
IA-9-L                        1,000.000000       5.813839     0.000000    5.813839   1,000.000000     7.993929%    7.993929%
IA-10-L                         883.504666       4.969714     2.324960    7.294674     881.179706     6.750000%    6.750000%
I-X-L*                          588.926341       3.312710     0.000000    3.312710     587.953545     6.750000%    6.750000%
I-PO-L                          726.717057       0.000000     0.804860    0.804860     725.912197     0.000000%    0.000000%
I-B-L                           971.275488       5.463425     1.034872    6.498297     970.240616     6.750000%    6.750000%
R-I                               0.000000       0.000000     0.000000    0.000000       0.000000     0.000000%    0.000000%


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.


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 January 31, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           February 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                       Page 1 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>              <C>             <C>          <C>            <C>               <C>       <C>    <C>
IIA-1-L      100,392,251.00   59,657,477.39   323,144.67   1,077,187.57   1,400,332.24      0.00      0.00   58,580,289.82
II-X-L*        2,345,961.00    1,317,763.92     7,137.89           0.00       7,137.89      0.00      0.00    1,270,835.12
II-PO-L          148,157.00      126,119.26         0.00         607.75         607.75      0.00      0.00      125,511.51
II-B-L         2,314,231.16    2,049,940.07    11,103.85       9,326.52      20,430.37      0.00      0.00    2,040,613.55
R-II                  50.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS       105,200,650.16   63,151,300.64   341,386.41   1,087,121.84   1,428,508.25      0.00      0.00   62,017,250.00
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>         <C>          <C>             <C>            <C>            <C>
IIA-1-L                         594.243846       3.218821    10.729788    13.948609       583.514058     6.500000%      6.500000%
II-X-L*                         561.716039       3.042629     0.000000     3.042629       541.711955     6.500000%      6.500000%
II-PO-L                         851.254143       0.000000     4.102067     4.102067       847.152075     0.000000%      0.000000%
II-B-L                          885.797454       4.798073     4.030073     8.828146       881.767381     6.500000%      6.500000%
R-II                              0.000000       0.000000     0.000000     0.000000         0.000000     0.000000%      0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 January 31, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           February 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                           Page 2 of 7          (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>              <C>            <C>            <C>             <C>       <C>    <C>
IA-1         31,022,128.00    8,483,957.76     49,843.25           0.00      49,843.25      0.00      0.00    8,483,957.76
IA-2          3,140,000.00    2,774,204.65     15,604.90       7,300.37      22,905.27      0.00      0.00    2,766,904.28
IA-3         15,156,755.00   15,156,755.00     84,514.70           0.00      84,514.70      0.00      0.00   15,156,755.00
IA-4         18,951,940.00   18,951,940.00    106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5         73,500,000.00   33,984,879.24    191,164.95     127,697.89     318,862.84      0.00      0.00   33,857,181.35
IA-6         25,717,028.00   21,990,958.15    123,699.14      63,507.40     187,206.54      0.00      0.00   21,927,450.75
IA-7          1,378,761.00      377,064.71          0.00           0.00           0.00      0.00      0.00      377,064.71
IA-8          2,937,483.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00
IA-9          3,929,529.00    3,929,529.00     22,845.65           0.00      22,845.65      0.00      0.00    3,929,529.00
IA-10         4,600,000.00    2,927,127.01     16,099.20      33,386.43      49,485.63      0.00      0.00    2,893,740.58
IA-11         9,760,000.00    9,760,000.00     53,680.00           0.00      53,680.00      0.00      0.00    9,760,000.00
IA-12*          319,111.11      281,936.16      1,585.89           0.00       1,585.89      0.00      0.00      281,936.16
I-X*         10,385,155.00    6,116,091.34     34,403.01           0.00      34,403.01      0.00      0.00    6,105,988.70
I-PO             43,461.00       31,583.85          0.00          34.98          34.98      0.00      0.00       31,548.87
I-M           3,664,102.00    3,558,852.45     20,018.55       3,791.86      23,810.41      0.00      0.00    3,555,060.59
IB-1          1,683,506.00    1,635,148.15      9,197.71       1,742.21      10,939.92      0.00      0.00    1,633,405.94
IB-2            891,268.00      865,666.80      4,869.38         922.35       5,791.73      0.00      0.00      864,744.45
IB-3            693,208.00      673,295.93      3,787.29         717.38       4,504.67      0.00      0.00      672,578.55
IB-4            495,148.00      480,925.13      2,705.20         512.41       3,217.61      0.00      0.00      480,412.72
IB-5            495,151.17      480,928.12      2,705.22         512.44       3,217.66      0.00      0.00      480,415.68

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>      <C>                  <C>                <C>          <C>          <C>          <C>               <C>           <C>
IA-1     055240DV4              273.480844       1.606700     0.000000     1.606700       273.480844      7.050000%     7.050000%
IA-2     055240DW2              883.504666       4.969713     2.324959     7.294672       881.179707      6.750000%     6.750000%
IA-3     055240DX0            1,000.000000       5.576042     0.000000     5.576042     1,000.000000      6.691250%     6.427500%
IA-4     055240DY8            1,000.000000       5.625000     0.000000     5.625000     1,000.000000      6.750000%     6.750000%
IA-5     055240DZ5              462.379309       2.600884     1.737386     4.338270       460.641923      6.750000%     6.750000%
IA-6     055240EA9              855.112735       4.810009     2.469469     7.279478       852.643266      6.750000%     6.750000%
IA-7     055240EB7              273.480835       0.000000     0.000000     0.000000       273.480835      0.000000%     0.000000%
IA-8     055240EC5                0.000000       0.000000     0.000000     0.000000         0.000000      6.750000%     6.750000%
IA-9     055240ED3            1,000.000000       5.813839     0.000000     5.813839     1,000.000000      6.976607%     7.993929%
IA-10    055240EE1              636.331959       3.499826     7.257920    10.757746       629.074039      6.600000%     6.600000%
IA-11    055240EF8            1,000.000000       5.500000     0.000000     5.500000     1,000.000000      6.600000%     6.600000%
IA-12*   055240EG6              883.504683       4.969711     0.000000     4.969711       883.504683      6.750000%     6.750000%
I-X*     055240EJ0              588.926341       3.312710     0.000000     3.312710       587.953545      6.750000%     6.750000%
I-PO     055240EL5              726.717057       0.000000     0.804860     0.804860       725.912197      0.000000%     0.000000%
I-M      055240EN1              971.275486       5.463426     1.034867     6.498293       970.240618      6.750000%     6.750000%
IB-1     055240EP6              971.275511       5.463426     1.034870     6.498296       970.240641      6.750000%     6.750000%
IB-2     055240EQ4              971.275531       5.463430     1.034874     6.498304       970.240657      6.750000%     6.750000%
IB-3     055240EX9              971.275476       5.463425     1.034870     6.498295       970.240606      6.750000%     6.750000%
IB-4     055240EY7              971.275518       5.463417     1.034862     6.498279       970.240655      6.750000%     6.750000%
IB-5     055240EZ4              971.275338       5.463422     1.034916     6.498339       970.240422      6.750000%     6.750000%
--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 January 31, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           February 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                            Page 3 of 7         (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS
 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>          <C>            <C>               <C>       <C>    <C>
IIA-1       100,392,251.00   59,657,477.39    323,144.67   1,077,187.57   1,400,332.24      0.00      0.00   58,580,289.82
II-X*         2,345,961.00    1,317,763.92      7,137.89           0.00       7,137.89      0.00      0.00    1,270,835.12
II-PO           148,157.00      126,119.26          0.00         607.75         607.75      0.00      0.00      125,511.51
IIM             874,264.00      774,420.82      4,194.78       3,523.35       7,718.13      0.00      0.00      770,897.47
IIB-1           462,846.00      409,987.79      2,220.77       1,865.30       4,086.07      0.00      0.00      408,122.49
IIB-2           308,564.00      273,325.22      1,480.51       1,243.54       2,724.05      0.00      0.00      272,081.68
IIB-3           308,564.00      273,325.22      1,480.51       1,243.54       2,724.05      0.00      0.00      272,081.68
IIB-4           154,282.00      136,662.60        740.26         621.77       1,362.03      0.00      0.00      136,040.83
IIB-5           205,711.16      182,218.42        987.02         829.02       1,816.04      0.00      0.00      181,389.40
R-III                50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      313,964,384.44  195,612,144.09  1,084,715.11   1,327,247.56   2,411,962.67      0.00      0.00  194,227,865.09
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                   <C>              <C>         <C>          <C>             <C>           <C>             <C>
IIA-1     055240EH4             594.243846       3.218821    10.729788    13.948609       583.514058    6.500000%       6.500000%
II-X*     055240EK7             561.716039       3.042629     0.000000     3.042629       541.711955    6.500000%       6.500000%
II-PO     055240EM3             851.254143       0.000000     4.102067     4.102067       847.152075    0.000000%       0.000000%
IIM       055240ER2             885.797448       4.798070     4.030076     8.828146       881.767372    6.500000%       6.500000%
IIB-1     055240ES0             885.797414       4.798075     4.030066     8.828142       881.767348    6.500000%       6.500000%
IIB-2     055240ET8             885.797501       4.798065     4.030088     8.828152       881.767413    6.500000%       6.500000%
IIB-3     055240FA8             885.797501       4.798065     4.030088     8.828152       881.767413    6.500000%       6.500000%
IIB-4     055240FB6             885.797436       4.798097     4.030088     8.828185       881.767348    6.500000%       6.500000%
IIB-5     055240FC4             885.797445       4.798087     4.030020     8.828106       881.767426    6.500000%       6.500000%
R-III     055240EW1               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%       0.000000%

--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 January 31, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           February 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                    Page 4 of 7                 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Distribution Date:                       February 26, 2001
------------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                            GROUP I                      GROUP II

<S>                                                                                       <C>                        <C>
               BEGINNING BALANCE OF POOL                                                  126,062,816.36             61,833,536.96
               LESS:                      SCHEDULED PRINCIPAL                                (134,318.09)              (281,319.94)
                                          PRINCIPAL PREPAYMENTS                              (105,807.61)              (805,801.91)
                                          REPURCHASES                                               0.00                      0.00
                                          LIQUIDATIONS                                              0.00                      0.00
                                          OTHER UNSCHEDULED PRINCIPAL                               0.00                      0.00
                                                                                      -------------------       -------------------
               ENDING BALANCE OF POOL                                                     125,822,690.66             60,746,415.11
                                                                                      ===================       ===================

               BEGINNING NUMBER OF LOANS IN POOL                                                     409                       211
               ENDING NUMBER OF LOANS IN POOL                                                        409                       208

               WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                           312                       141
               WEIGHTED AVERAGE NET CONTRACT RATE                                              7.530789%                 7.080897%

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






               BEGINNING NUMBER OF LOANS IN POOL                                                     338                       177
               ENDING NUMBER OF LOANS IN POOL                                                        320                       167

               WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                           300                       130
               WEIGHTED AVERAGE NET CONTRACT RATE                                               7.506744%                 7.044051%

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

<CAPTION>
DELINQUENT, BANKRUPTCY,                                                                   LOANS           LOANS        LOANS
FORECLOSURE, AND REO                            30 TO 59     60 TO 89     90 PLUS          IN              IN           IN
LOAN INFORMATION *                                DAYS         DAYS         DAYS       BANKRUPTCY     FORECLOSURE       REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                         <C>             <C>         <C>         <C>               <C>           <C>
GROUP I              PRINCIPAL BALANCE           489,560.15         0.00        0.00     284,756.98           0.00           0.00
                       PERCENTAGE OF GROUP BAL.     0.3891%      0.0000%     0.0000%        0.2263%        0.0000%        0.0000%
                     --------------------------------------------------------------------------------------------------------------
                     NUMBER OF LOANS                      2            0           0              1              0              0
                       PERCENTAGE OF LOANS          0.4890%      0.0000%     0.0000%        0.2445%        0.0000%        0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II             PRINCIPAL BALANCE                 0.00         0.00        0.00           0.00           0.00           0.00
                       PERCENTAGE OF GROUP BAL.     0.0000%      0.0000%     0.0000%        0.0000%        0.0000%        0.0000%
                     --------------------------------------------------------------------------------------------------------------
                     NUMBER OF LOANS                      0            0           0              0              0              0
                       PERCENTAGE OF LOANS          0.0000%      0.0000%     0.0000%        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                     47,063.37                23,117.01
                      PLUS:                      ADDITIONAL SERVICING COMPENSATION                  0.00                     0.00
                      LESS:                      AMTS. TO COVER PREPAYMENT INT. SHORTFALL           0.00                (2,495.31)
                                                 DELINQUENT SERVICING FEES                     (4,563.04)               (1,939.74)
                                                                                           --------------       ------------------
                      SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                      42,500.33                18,681.96
                                                                                           ==============       ==================

                      ADVANCED PRINCIPAL                                                       11,332.61                22,162.38
                      ADVANCED INTEREST                                                        69,994.09                26,269.05


----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                     Page 5 of 7                (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
Distribution Date:                       December 26, 2001
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
                                                   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                     3,331.01                  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                    58,265.93                  0.00                     0.00                0.00                 0.00
CLASS IA-6                    28,977.13                  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                   15,233.54                  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                  805,766.40                  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                 911,609.52                  0.00                     0.00                0.00                 0.00
-----------------------------------------------------------------------------------------------------------------------------------


-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                       Page 6 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Distribution Date:              February 26, 2001
-----------------------------------------------------------------------------------------------------------

<S>           <C>                                                                      <C>
              OTHER REPORTING ITEMS:

              GROUP IA PERCENTAGE                                                       93.894516%
              GROUP IA PREPAYMENT PERCENTAGE                                           100.000000%
              GROUP IIA PERCENTAGE                                                      96.677968%
              GROUP IIA PREPAYMENT PERCENTAGE                                          100.000000%

              GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                           8,198.63
              GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                          9,326.53
              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>
                    Page 7 of 7                  C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                        CURRENT
                  ORIGINAL       PRINCIPAL                                             REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE     INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>             <C>            <C>          <C>               <C>       <C>    <C>
IA-1-L       32,400,889.00    8,861,022.47    49,843.25           0.00      49,843.25      0.00      0.00    8,861,022.47
IA-2-L        3,140,000.00    2,766,904.28    15,563.84      51,453.07      67,016.91      0.00      0.00    2,715,451.21
IA-3-L       15,156,755.00   15,156,755.00    81,183.37           0.00      81,183.37      0.00      0.00   15,156,755.00
IA-4-L       18,951,940.00   18,951,940.00   106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5-L       73,500,000.00   33,857,181.35   190,446.65     900,015.22   1,090,461.87      0.00      0.00   32,957,166.13
IA-6-L       25,717,028.00   21,927,450.75   123,341.91     447,600.40     570,942.31      0.00      0.00   21,479,850.35
IA-8-L        2,937,483.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00
IA-9-L        3,929,529.00    3,929,529.00    26,176.98           0.00      26,176.98      0.00      0.00    3,929,529.00
IA-10-L      14,360,000.00   12,653,740.58    71,177.29     235,307.69     306,484.98      0.00      0.00   12,418,432.89
I-X-L*       10,385,155.00    6,105,988.70    34,346.19           0.00      34,346.19      0.00      0.00    5,995,886.99
I-PO-L           43,461.00       31,548.87         0.00          44.49          44.49      0.00      0.00       31,504.38
I-B-L         7,922,383.17    7,686,617.93    43,237.23       8,188.11      51,425.34      0.00      0.00    7,678,429.82
R-I                  50.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00


-------------------------------------------------------------------------------------------------------------------------------
TOTALS      208,444,673.17  131,928,678.93   741,921.37   1,642,608.98   2,384,530.35      0.00      0.00  130,175,968.24
-------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                     PASS-THROUGH
                                     PRIOR                                                   CURRENT             RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT         NEXT
-------------------------------------------------------------------------------------------------------------------------------

<S>                           <C>                <C>         <C>          <C>           <C>              <C>          <C>
IA-1-L                          273.480844       1.538330     0.000000     1.538330       273.480844     6.750000%    6.750000%
IA-2-L                          881.179707       4.956637    16.386328    21.342965       864.793379     6.750000%    6.750000%
IA-3-L                        1,000.000000       5.356250     0.000000     5.356250     1,000.000000     6.427500%    6.006250%
IA-4-L                        1,000.000000       5.625000     0.000000     5.625000     1,000.000000     6.750000%    6.750000%
IA-5-L                          460.641923       2.591111    12.245105    14.836216       448.396818     6.750000%    6.750000%
IA-6-L                          852.643266       4.796118    17.404826    22.200944       835.238440     6.750000%    6.750000%
IA-8-L                            0.000000       0.000000     0.000000     0.000000         0.000000     6.750000%    6.750000%
IA-9-L                        1,000.000000       6.661608     0.000000     6.661608     1,000.000000     7.993929%    9.618750%
IA-10-L                         881.179706       4.956636    16.386329    21.342965       864.793377     6.750000%    6.750000%
I-X-L*                          587.953545       3.307239     0.000000     3.307239       577.351709     6.750000%    6.750000%
I-PO-L                          725.912197       0.000000     1.023676     1.023676       724.888521     0.000000%    0.000000%
I-B-L                           970.240616       5.457604     1.033541     6.491145       969.207075     6.750000%    6.750000%
R-I                               0.000000       0.000000     0.000000     0.000000         0.000000     0.000000%    0.000000%


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.


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 February 28, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           March 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                   Page 1 of 7                  (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>          <C>               <C>       <C>    <C>
IIA-1-L     100,392,251.00   58,580,289.82    317,309.90     921,279.35   1,238,589.25      0.00      0.00   57,659,010.47
II-X-L*       2,345,961.00    1,270,835.12      6,883.69           0.00       6,883.69      0.00      0.00    1,244,884.22
II-PO-L         148,157.00      125,511.51          0.00         605.23         605.23      0.00      0.00      124,906.28
II-B-L        2,314,231.16    2,040,613.55     11,053.33       9,444.05      20,497.38      0.00      0.00    2,031,169.50
R-II                 50.00            0.00          0.01           0.00           0.01      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      105,200,650.16   62,017,250.00    335,246.93     931,328.63   1,266,575.56      0.00      0.00   61,059,970.47
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>          <C>         <C>             <C>           <C>             <C>
IIA-1-L                         583.514058       3.160701     9.176797    12.337499       574.337261    6.500000%       6.500000%
II-X-L*                         541.711955       2.934273     0.000000     2.934273       530.650007    6.500000%       6.500000%
II-PO-L                         847.152075       0.000000     4.085058     4.085058       843.067017    0.000000%       0.000000%
II-B-L                          881.767381       4.776243     4.080859     8.857101       877.686523    6.500000%       6.500000%
R-II                              0.000000       0.200000     0.000000     0.200000         0.000000    0.000000%       0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 February 28, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           March 26, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                       Page 2 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>              <C>             <C>           <C>             <C>       <C>    <C>
IA-1         31,022,128.00    8,483,957.76     49,843.25           0.00      49,843.25      0.00      0.00    8,483,957.76
IA-2          3,140,000.00    2,766,904.28     15,563.84      51,453.07      67,016.91      0.00      0.00    2,715,451.21
IA-3         15,156,755.00   15,156,755.00     81,183.37           0.00      81,183.37      0.00      0.00   15,156,755.00
IA-4         18,951,940.00   18,951,940.00    106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5         73,500,000.00   33,857,181.35    190,446.65     900,015.22   1,090,461.87      0.00      0.00   32,957,166.13
IA-6         25,717,028.00   21,927,450.75    123,341.91     447,600.40     570,942.31      0.00      0.00   21,479,850.35
IA-7          1,378,761.00      377,064.71          0.00           0.00           0.00      0.00      0.00      377,064.71
IA-8          2,937,483.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00
IA-9          3,929,529.00    3,929,529.00     26,176.98           0.00      26,176.98      0.00      0.00    3,929,529.00
IA-10         4,600,000.00    2,893,740.58     15,915.57     235,307.69     251,223.26      0.00      0.00    2,658,432.89
IA-11         9,760,000.00    9,760,000.00     53,680.00           0.00      53,680.00      0.00      0.00    9,760,000.00
IA-12*          319,111.11      281,194.24      1,581.72           0.00       1,581.72      0.00      0.00      281,194.24
I-X*         10,385,155.00    6,105,988.70     34,346.19           0.00      34,346.19      0.00      0.00    5,995,886.99
I-PO             43,461.00       31,548.87          0.00          44.49          44.49      0.00      0.00       31,504.38
I-M           3,664,102.00    3,555,060.59     19,997.22       3,786.99      23,784.21      0.00      0.00    3,551,273.60
IB-1          1,683,506.00    1,633,405.94      9,187.91       1,739.97      10,927.88      0.00      0.00    1,631,665.97
IB-2            891,268.00      864,744.45      4,864.19         921.16       5,785.35      0.00      0.00      863,823.29
IB-3            693,208.00      672,578.55      3,783.25         716.46       4,499.71      0.00      0.00      671,862.09
IB-4            495,148.00      480,412.72      2,702.32         511.76       3,214.08      0.00      0.00      479,900.96
IB-5            495,151.17      480,415.68      2,702.34         511.77       3,214.11      0.00      0.00      479,903.91


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                 <C>                <C>         <C>          <C>           <C>             <C>             <C>
IA-1      055240DV4             273.480844       1.606700     0.000000     1.606700       273.480844    7.050000%       7.050000%
IA-2      055240DW2             881.179707       4.956637    16.386328    21.342965       864.793379    6.750000%       6.750000%
IA-3      055240DX0           1,000.000000       5.356250     0.000000     5.356250     1,000.000000    6.427500%       6.006250%
IA-4      055240DY8           1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%       6.750000%
IA-5      055240DZ5             460.641923       2.591111    12.245105    14.836216       448.396818    6.750000%       6.750000%
IA-6      055240EA9             852.643266       4.796118    17.404826    22.200944       835.238440    6.750000%       6.750000%
IA-7      055240EB7             273.480835       0.000000     0.000000     0.000000       273.480835    0.000000%       0.000000%
IA-8      055240EC5               0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%       6.750000%
IA-9      055240ED3           1,000.000000       6.661608     0.000000     6.661608     1,000.000000    7.993929%       9.618750%
IA-10     055240EE1             629.074039       3.459907    51.153846    54.613752       577.920193    6.600000%       6.600000%
IA-11     055240EF8           1,000.000000       5.500000     0.000000     5.500000     1,000.000000    6.600000%       6.600000%
IA-12*    055240EG6             881.179725       4.956643     0.000000     4.956643       881.179725    6.750000%       6.750000%
I-X*      055240EJ0             587.953545       3.307239     0.000000     3.307239       577.351709    6.750000%       6.750000%
I-PO      055240EL5             725.912197       0.000000     1.023676     1.023676       724.888521    0.000000%       0.000000%
I-M       055240EN1             970.240618       5.457605     1.033538     6.491143       969.207080    6.750000%       6.750000%
IB-1      055240EP6             970.240641       5.457605     1.033540     6.491144       969.207101    6.750000%       6.750000%
IB-2      055240EQ4             970.240657       5.457606     1.033539     6.491145       969.207118    6.750000%       6.750000%
IB-3      055240EX9             970.240606       5.457597     1.033543     6.491140       969.207063    6.750000%       6.750000%
IB-4      055240EY7             970.240655       5.457601     1.033550     6.491150       969.207106    6.750000%       6.750000%
IB-5      055240EZ4             970.240422       5.457606     1.033563     6.491169       969.206859    6.750000%       6.750000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 February 28, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           March 26, 2001              FACTOR INFORMATION:              (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                      Page 3 of 7               (C) COPYRIGHT 2001 Deutsche Bank

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>          <C>               <C>       <C>    <C>
IIA-1       100,392,251.00   58,580,289.82    317,309.90     921,279.35   1,238,589.25      0.00      0.00   57,659,010.47
II-X*         2,345,961.00    1,270,835.12      6,883.69           0.00       6,883.69      0.00      0.00    1,244,884.22
II-PO           148,157.00      125,511.51          0.00         605.23         605.23      0.00      0.00      124,906.28
IIM             874,264.00      770,897.47      4,175.69       3,567.75       7,743.44      0.00      0.00      767,329.72
IIB-1           462,846.00      408,122.49      2,210.66       1,888.81       4,099.47      0.00      0.00      406,233.68
IIB-2           308,564.00      272,081.68      1,473.78       1,259.21       2,732.99      0.00      0.00      270,822.47
IIB-3           308,564.00      272,081.68      1,473.78       1,259.21       2,732.99      0.00      0.00      270,822.47
IIB-4           154,282.00      136,040.83        736.89         629.60       1,366.49      0.00      0.00      135,411.23
IIB-5           205,711.16      181,389.40        982.53         839.47       1,822.00      0.00      0.00      180,549.93
R-III                50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      313,964,384.44  194,227,123.17  1,077,168.29   2,573,937.61   3,651,105.90      0.00      0.00  191,517,132.95
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                   <C>              <C>          <C>         <C>             <C>            <C>            <C>
IIA-1     055240EH4             583.514058       3.160701     9.176797    12.337499       574.337261     6.500000%      6.500000%
II-X*     055240EK7             541.711955       2.934273     0.000000     2.934273       530.650007     6.500000%      6.500000%
II-PO     055240EM3             847.152075       0.000000     4.085058     4.085058       843.067017     0.000000%      0.000000%
IIM       055240ER2             881.767372       4.776235     4.080861     8.857096       877.686511     6.500000%      6.500000%
IIB-1     055240ES0             881.767348       4.776232     4.080861     8.857093       877.686488     6.500000%      6.500000%
IIB-2     055240ET8             881.767413       4.776254     4.080871     8.857125       877.686542     6.500000%      6.500000%
IIB-3     055240FA8             881.767413       4.776254     4.080871     8.857125       877.686542     6.500000%      6.500000%
IIB-4     055240FB6             881.767348       4.776254     4.080839     8.857093       877.686509     6.500000%      6.500000%
IIB-5     055240FC4             881.767426       4.776260     4.080819     8.857079       877.686607     6.500000%      6.500000%
R-III     055240EW1               0.000000       0.000000     0.000000     0.000000         0.000000     0.000000%      0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 January 31, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           February 26, 2001              FACTOR INFORMATION:          (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                          Page 4 of 7           (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
Distribution Date:          March 26, 2001
----------------------------------------------------------------------------------------------------------------------------------



MORTGAGE POOL INFORMATION:                                                     GROUP I                           GROUP II


<S>                                                                              <C>                               <C>
             BEGINNING BALANCE OF POOL                                           125,822,690.66                    60,746,415.11
             LESS:                      SCHEDULED PRINCIPAL                         (134,033.09)                     (281,132.12)
                                        PRINCIPAL PREPAYMENTS                     (1,508,575.88)                     (650,196.52)
                                        REPURCHASES                                        0.00                             0.00
                                        LIQUIDATIONS                                       0.00                             0.00
                                        OTHER UNSCHEDULED PRINCIPAL                        0.00                             0.00
                                                                             -------------------              -------------------
             ENDING BALANCE OF POOL                                              124,180,081.69                    59,815,086.47
                                                                             ===================              ===================

             BEGINNING NUMBER OF LOANS IN POOL                                              409                              208
             ENDING NUMBER OF LOANS IN POOL                                                 404                              206

             WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                    311                              140
             WEIGHTED AVERAGE NET CONTRACT RATE                                       7.530738%                        7.075110%

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


<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                 LOANS              LOANS         LOANS
FORECLOSURE, AND REO                    30 TO 59       60 TO 89       90 PLUS            IN                 IN           IN
LOAN INFORMATION *                        DAYS           DAYS           DAYS         BANKRUPTCY        FORECLOSURE       REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                       <C>              <C>             <C>           <C>                <C>         <C>
GROUP I      PRINCIPAL BALANCE            548,833.20          0.00            0.00       284,226.93            0.00        0.00
               PERCENTAGE OF GROUP BAL.      0.4420%       0.0000%         0.0000%          0.2289%         0.0000%     0.0000%
             ----------------------------------------------------------------------------------------------------------------------
             NUMBER OF LOANS                       2             0               0                1               0           0
               PERCENTAGE OF LOANS           0.4950%       0.0000%         0.0000%          0.2475%         0.0000%     0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II     PRINCIPAL BALANCE                  0.00          0.00            0.00             0.00            0.00        0.00
               PERCENTAGE OF GROUP BAL.      0.0000%       0.0000%         0.0000%          0.0000%         0.0000%     0.0000%
             ----------------------------------------------------------------------------------------------------------------------
             NUMBER OF LOANS                       0             0               0                0               0           0
               PERCENTAGE OF LOANS           0.0000%       0.0000%         0.0000%          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         0.00
                            GROUP II BOOK VALUE OF REO PROPERTIES                                             0.00         0.00


<CAPTION>
SERVICING INFORMATION:                                                            GROUP I                        GROUP II

<S>                                                                                 <C>                            <C>
            SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                    46,959.78                      22,555.02
            PLUS:            ADDITIONAL SERVICING COMPENSATION                           0.00                           0.00
            LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL               (5,226.01)                     (1,969.33)
                             DELINQUENT SERVICING FEES                                (934.77)                       (383.43)
                                                                             -----------------                ---------------
            SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                     40,799.00                      20,202.26
                                                                             =================                ===============

            ADVANCED PRINCIPAL                                                       2,062.41                       4,856.74
            ADVANCED INTEREST                                                       12,877.45                       5,818.67

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

                        Page 5 of 7             (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Distribution Date:                       March 26, 2001
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
                                                   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                    47,492.35                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                   830,734.52                0.00                 0.00                0.00                   0.00
CLASS IA-6                   413,145.35                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                  217,194.35                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                         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                  650,166.81                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                     2,158,772.40                0.00                 0.00                0.00                   0.00
--------------------------------------------------------------------------------------------------------------------------------


--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         Page 6 of 7            (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Distribution Date:              March 26, 2001
-----------------------------------------------------------------------------------------------------------

<S>                                                                                          <C>
                 OTHER REPORTING ITEMS:

                 GROUP IA PERCENTAGE                                                          93.889380%
                 GROUP IA PREPAYMENT PERCENTAGE                                              100.000000%
                 GROUP IIA PERCENTAGE                                                         96.633812%
                 GROUP IIA PREPAYMENT PERCENTAGE                                             100.000000%

                 GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                              8,188.10
                 GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                             9,444.06
                 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>
                      Page 7 of 7                C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                        CURRENT
                  ORIGINAL       PRINCIPAL                                             REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE     INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>             <C>            <C>          <C>               <C>       <C>    <C>
IA-1-L       32,400,889.00    8,861,022.47    49,843.25           0.00      49,843.25      0.00      0.00    8,861,022.47
IA-2-L        3,140,000.00    2,715,451.21    15,274.41      47,707.27      62,981.68      0.00      0.00    2,667,743.94
IA-3-L       15,156,755.00   15,156,755.00    75,862.72           0.00      75,862.72      0.00      0.00   15,156,755.00
IA-4-L       18,951,940.00   18,951,940.00   106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5-L       73,500,000.00   32,957,166.13   185,384.06     834,493.70   1,019,877.76      0.00      0.00   32,122,672.43
IA-6-L       25,717,028.00   21,479,850.35   120,824.16     415,014.88     535,839.04      0.00      0.00   21,064,835.47
IA-8-L        2,937,483.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00
IA-9-L        3,929,529.00    3,929,529.00    31,497.63           0.00      31,497.63      0.00      0.00    3,929,529.00
IA-10-L      14,360,000.00   12,418,432.89    69,853.68     218,177.17     288,030.85      0.00      0.00   12,200,255.72
I-X-L*       10,385,155.00    5,995,886.99    33,726.86           0.00      33,726.86      0.00      0.00    5,921,170.27
I-PO-L           43,461.00       31,504.38         0.00          44.75          44.75      0.00      0.00       31,459.63
I-B-L         7,922,383.17    7,678,429.82    43,191.16       8,261.02      51,452.18      0.00      0.00    7,670,168.80
R-I                  50.00            0.00         0.00           0.00           0.00      0.00      0.00            0.00


-------------------------------------------------------------------------------------------------------------------------------
TOTALS      208,444,673.17  130,175,968.24   732,062.59   1,523,698.79   2,255,761.38      0.00      0.00  128,577,552.73
-------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                     PASS-THROUGH
                                     PRIOR                                                   CURRENT             RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT         NEXT
-------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>          <C>          <C>            <C>           <C>           <C>
IA-1-L                          273.480844       1.538330     0.000000     1.538330       273.480844    6.750000%     6.750000%
IA-2-L                          864.793379       4.864462    15.193398    20.057860       849.599981    6.750000%     6.750000%
IA-3-L                        1,000.000000       5.005209     0.000000     5.005209     1,000.000000    6.006250%     5.421250%
IA-4-L                        1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%     6.750000%
IA-5-L                          448.396818       2.522232    11.353656    13.875888       437.043162    6.750000%     6.750000%
IA-6-L                          835.238440       4.698216    16.137747    20.835963       819.100694    6.750000%     6.750000%
IA-8-L                            0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%     6.750000%
IA-9-L                        1,000.000000       8.015625     0.000000     8.015625     1,000.000000    9.618750%    11.875179%
IA-10-L                         864.793377       4.864462    15.193396    20.057859       849.599981    6.750000%     6.750000%
I-X-L*                          577.351709       3.247603     0.000000     3.247603       570.157140    6.750000%     6.750000%
I-PO-L                          724.888521       0.000000     1.029659     1.029659       723.858862    0.000000%     0.000000%
I-B-L                           969.207075       5.451789     1.042744     6.494533       968.164331    6.750000%     6.750000%
R-I                               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%     0.000000%


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.


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  March 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                            April 25, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                      Page 1 of 7               (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>            <C>             <C>       <C>    <C>
IIA-1-L     100,392,251.00   57,659,010.47    312,319.64     599,562.56     911,882.20      0.00      0.00   57,059,447.91
II-X-L*       2,345,961.00    1,244,884.22      6,743.12           0.00       6,743.12      0.00      0.00    1,227,861.33
II-PO-L         148,157.00      124,906.28          0.00         611.30         611.30      0.00      0.00      124,294.98
II-B-L        2,314,231.16    2,031,169.50     11,002.18       9,595.64      20,597.82      0.00      0.00    2,021,573.86
R-II                 50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      105,200,650.16   61,059,970.47    330,064.94     609,769.50     939,834.44      0.00      0.00   60,433,178.08
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE       CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>          <C>          <C>            <C>            <C>             <C>
IIA-1-L                         574.337261       3.110993     5.972200     9.083193       568.365061     6.500000%       6.500000%
II-X-L*                         530.650007       2.874353     0.000000     2.874353       523.393752     6.500000%       6.500000%
II-PO-L                         843.067017       0.000000     4.126028     4.126028       838.940988     0.000000%       0.000000%
II-B-L                          877.686523       4.754140     4.146362     8.900502       873.540161     6.500000%       6.500000%
R-II                              0.000000       0.000000     0.000000     0.000000         0.000000     0.000000%       0.000000%


---------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 February 28, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                           March 26, 2001              FACTOR INFORMATION:             (800) 735-7777
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                          Page 2 of 7           (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>              <C>            <C>          <C>               <C>       <C>    <C>
IA-1         31,022,128.00    8,483,957.76     49,843.25           0.00      49,843.25      0.00      0.00    8,483,957.76
IA-2          3,140,000.00    2,715,451.21     15,274.41      47,707.27      62,981.68      0.00      0.00    2,667,743.94
IA-3         15,156,755.00   15,156,755.00     75,862.72           0.00      75,862.72      0.00      0.00   15,156,755.00
IA-4         18,951,940.00   18,951,940.00    106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5         73,500,000.00   32,957,166.13    185,384.06     834,493.70   1,019,877.76      0.00      0.00   32,122,672.43
IA-6         25,717,028.00   21,479,850.35    120,824.16     415,014.88     535,839.04      0.00      0.00   21,064,835.47
IA-7          1,378,761.00      377,064.71          0.00           0.00           0.00      0.00      0.00      377,064.71
IA-8          2,937,483.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00
IA-9          3,929,529.00    3,929,529.00     31,497.63           0.00      31,497.63      0.00      0.00    3,929,529.00
IA-10         4,600,000.00    2,658,432.89     14,621.38     218,177.17     232,798.55      0.00      0.00    2,440,255.72
IA-11         9,760,000.00    9,760,000.00     53,680.00           0.00      53,680.00      0.00      0.00    9,760,000.00
IA-12*          319,111.11      275,965.18      1,552.30           0.00       1,552.30      0.00      0.00      275,965.18
I-X*         10,385,155.00    5,995,886.99     33,726.86           0.00      33,726.86      0.00      0.00    5,921,170.27
I-PO             43,461.00       31,504.38          0.00          44.75          44.75      0.00      0.00       31,459.63
I-M           3,664,102.00    3,551,273.60     19,975.91       3,820.72      23,796.63      0.00      0.00    3,547,452.88
IB-1          1,683,506.00    1,631,665.97      9,178.12       1,755.46      10,933.58      0.00      0.00    1,629,910.51
IB-2            891,268.00      863,823.29      4,859.01         929.36       5,788.37      0.00      0.00      862,893.93
IB-3            693,208.00      671,862.09      3,779.22         722.84       4,502.06      0.00      0.00      671,139.25
IB-4            495,148.00      479,900.96      2,699.44         516.31       3,215.75      0.00      0.00      479,384.65
IB-5            495,151.17      479,903.91      2,699.46         516.33       3,215.79      0.00      0.00      479,387.58

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                 <C>                <C>         <C>          <C>           <C>             <C>            <C>
IA-1      055240DV4             273.480844       1.606700     0.000000     1.606700       273.480844    7.050000%      7.050000%
IA-2      055240DW2             864.793379       4.864462    15.193398    20.057860       849.599981    6.750000%      6.750000%
IA-3      055240DX0           1,000.000000       5.005209     0.000000     5.005209     1,000.000000    6.006250%      5.421250%
IA-4      055240DY8           1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%      6.750000%
IA-5      055240DZ5             448.396818       2.522232    11.353656    13.875888       437.043162    6.750000%      6.750000%
IA-6      055240EA9             835.238440       4.698216    16.137747    20.835963       819.100694    6.750000%      6.750000%
IA-7      055240EB7             273.480835       0.000000     0.000000     0.000000       273.480835    0.000000%      0.000000%
IA-8      055240EC5               0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%      6.750000%
IA-9      055240ED3           1,000.000000       8.015625     0.000000     8.015625     1,000.000000    9.618750%     11.875179%
IA-10     055240EE1             577.920193       3.178561    47.429820    50.608380       530.490374    6.600000%      6.600000%
IA-11     055240EF8           1,000.000000       5.500000     0.000000     5.500000     1,000.000000    6.600000%      6.600000%
IA-12*    055240EG6             864.793394       4.864450     0.000000     4.864450       864.793394    6.750000%      6.750000%
I-X*      055240EJ0             577.351709       3.247603     0.000000     3.247603       570.157140    6.750000%      6.750000%
I-PO      055240EL5             724.888521       0.000000     1.029659     1.029659       723.858862    0.000000%      0.000000%
I-M       055240EN1             969.207080       5.451789     1.042744     6.494533       968.164336    6.750000%      6.750000%
IB-1      055240EP6             969.207101       5.451789     1.042741     6.494530       968.164361    6.750000%      6.750000%
IB-2      055240EQ4             969.207118       5.451795     1.042739     6.494534       968.164379    6.750000%      6.750000%
IB-3      055240EX9             969.207063       5.451784     1.042746     6.494530       968.164317    6.750000%      6.750000%
IB-4      055240EY7             969.207106       5.451784     1.042739     6.494523       968.164367    6.750000%      6.750000%
IB-5      055240EZ4             969.206859       5.451790     1.042772     6.494562       968.164086    6.750000%      6.750000%

--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  March 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                            April 25, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         Page 3 of 7            (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>            <C>             <C>       <C>    <C>
IIA-1       100,392,251.00   57,659,010.47    312,319.64     599,562.56     911,882.20      0.00      0.00   57,059,447.91
II-X*         2,345,961.00    1,244,884.22      6,743.12           0.00       6,743.12      0.00      0.00    1,227,861.33
II-PO           148,157.00      124,906.28          0.00         611.30         611.30      0.00      0.00      124,294.98
IIM             874,264.00      767,329.72      4,156.37       3,625.02       7,781.39      0.00      0.00      763,704.70
IIB-1           462,846.00      406,233.68      2,200.43       1,919.13       4,119.56      0.00      0.00      404,314.55
IIB-2           308,564.00      270,822.47      1,466.96       1,279.42       2,746.38      0.00      0.00      269,543.05
IIB-3           308,564.00      270,822.47      1,466.96       1,279.42       2,746.38      0.00      0.00      269,543.05
IIB-4           154,282.00      135,411.23        733.48         639.71       1,373.19      0.00      0.00      134,771.52
IIB-5           205,711.16      180,549.93        977.98         852.94       1,830.92      0.00      0.00      179,696.99
R-III                50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      313,964,384.44  191,511,903.89  1,062,127.53   2,133,468.29   3,195,595.82      0.00      0.00  189,286,695.99
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                   <C>              <C>          <C>          <C>            <C>           <C>            <C>
IIA-1     055240EH4             574.337261       3.110993     5.972200     9.083193       568.365061    6.500000%      6.500000%
II-X*     055240EK7             530.650007       2.874353     0.000000     2.874353       523.393752    6.500000%      6.500000%
II-PO     055240EM3             843.067017       0.000000     4.126028     4.126028       838.940988    0.000000%      0.000000%
IIM       055240ER2             877.686511       4.754136     4.146368     8.900504       873.540143    6.500000%      6.500000%
IIB-1     055240ES0             877.686488       4.754130     4.146368     8.900498       873.540119    6.500000%      6.500000%
IIB-2     055240ET8             877.686542       4.754151     4.146368     8.900520       873.540173    6.500000%      6.500000%
IIB-3     055240FA8             877.686542       4.754151     4.146368     8.900520       873.540173    6.500000%      6.500000%
IIB-4     055240FB6             877.686509       4.754151     4.146368     8.900520       873.540141    6.500000%      6.500000%
IIB-5     055240FC4             877.686607       4.754142     4.146299     8.900441       873.540308    6.500000%      6.500000%
R-III     055240EW1               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%      0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  March 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                            April 25, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         Page 4 of 7            (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

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

Distribution Date:                  April 25, 2001
-----------------------------------------------------------------------------------------------------------------------------------


MORTGAGE POOL INFORMATION:                                               GROUP I                         GROUP II

<S>                                                                         <C>                               <C>
               BEGINNING BALANCE OF POOL                                    124,180,081.69                    59,815,086.47
               LESS:                      SCHEDULED PRINCIPAL                  (133,603.42)                     (282,567.05)
                                          PRINCIPAL PREPAYMENTS              (1,390,095.36)                     (327,202.46)
                                          REPURCHASES                                 0.00                             0.00
                                          LIQUIDATIONS                                0.00                             0.00
                                          OTHER UNSCHEDULED PRINCIPAL                 0.00                             0.00
                                                                         ------------------              -------------------
               ENDING BALANCE OF POOL                                       122,656,382.91                    59,205,316.96
                                                                         ==================              ===================

               BEGINNING NUMBER OF LOANS IN POOL                                       404                              206
               ENDING NUMBER OF LOANS IN POOL                                          399                              205

               WEIGHTED AVERAGE REMAINING TERM TO MATURITY                             310                              138
               WEIGHTED AVERAGE NET CONTRACT RATE                                7.526149%                        7.074626%

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


<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                   LOANS            LOANS         LOANS
FORECLOSURE, AND REO                         30 TO 59        60 TO 89     90 PLUS          IN               IN           IN
LOAN INFORMATION *                             DAYS            DAYS         DAYS       BANKRUPTCY      FORECLOSURE       REO
-----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>                             <C>               <C>            <C>         <C>               <C>          <C>
GROUP I        PRINCIPAL BALANCE               230,593.25           0.00           0.00     283,693.35           0.00         0.00
                 PERCENTAGE OF GROUP BAL.         0.1880%        0.0000%        0.0000%        0.2313%        0.0000%      0.0000%
               --------------------------------------------------------------------------------------------------------------------
               NUMBER OF LOANS                          1              0              0              1              0            0
                 PERCENTAGE OF LOANS              0.2506%        0.0000%        0.0000%        0.2506%        0.0000%      0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II       PRINCIPAL BALANCE                     0.00           0.00           0.00           0.00           0.00         0.00
                 PERCENTAGE OF GROUP BAL.         0.0000%        0.0000%        0.0000%        0.0000%        0.0000%      0.0000%
               --------------------------------------------------------------------------------------------------------------------
               NUMBER OF LOANS                          0              0              0              0              0            0
                 PERCENTAGE OF LOANS              0.0000%        0.0000%        0.0000%        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                46,044.88                  22,227.28
                PLUS:             ADDITIONAL SERVICING COMPENSATION                      0.00                       0.00
                LESS:             AMTS. TO COVER PREPAYMENT INT. SHORTFALL          (4,968.77)                   (764.34)
                                  DELINQUENT SERVICING FEES                         (6,040.27)                 (1,925.97)
                                                                               --------------         ------------------
                SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                 35,035.84                  19,536.97
                                                                               ==============         ==================

                ADVANCED PRINCIPAL                                                  15,518.86                  25,455.02
                ADVANCED INTEREST                                                   90,732.80                  30,644.90
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                       Page 5 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Distribution Date:          April 25, 2001
--------------------------------------------------------------------------------------------------------------------------------
                                                  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                    43,762.38                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                   765,489.90                0.00                 0.00               0.00                   0.00
CLASS IA-6                   380,697.54                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                  200,136.23                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                  327,169.95                0.00                 0.00               0.00                   0.00
CLASS II-X                         0.00                0.00                 0.00               0.00                   0.00
CLASS II-PO                       32.51                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             1,717,297.82                0.00                 0.00               0.00                   0.00
----------------------------------------------------------------------------------------------------------------------------------


----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         6 of 7                 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Distribution Date:              April 25, 2001
-----------------------------------------------------------------------------------------------------------

<S>                                                                                        <C>
                   OTHER REPORTING ITEMS:

                   GROUP IA PERCENTAGE                                                      93.815129%
                   GROUP IA PREPAYMENT PERCENTAGE                                          100.000000%
                   GROUP IIA PERCENTAGE                                                     96.597146%
                   GROUP IIA PREPAYMENT PERCENTAGE                                         100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                          8,261.01
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                         9,595.65
                   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>
                      Page 7 of 7                C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                          CURRENT
                  ORIGINAL       PRINCIPAL                                             REALIZED  DEFERRED         PRINCIPAL
   CLASS        FACE VALUE         BALANCE     INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST           BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>             <C>            <C>            <C>             <C>       <C>       <C>
IA-1-L       32,400,889.00    8,861,022.47    49,843.25           0.00      49,843.25      0.00      0.00       8,861,022.47
IA-2-L        3,140,000.00    2,667,743.94    15,006.06      41,745.51      56,751.57      0.00      0.00       2,625,998.43
IA-3-L       15,156,755.00   15,156,755.00    68,473.80           0.00      68,473.80      0.00      0.00      15,156,755.00
IA-4-L       18,951,940.00   18,951,940.00   106,604.66           0.00     106,604.66      0.00      0.00      18,951,940.00
IA-5-L       73,500,000.00   32,122,672.43   180,690.03     730,210.82     910,900.85      0.00      0.00      31,392,461.61
IA-6-L       25,717,028.00   21,064,835.47   118,489.70     363,152.36     481,642.06      0.00      0.00      20,701,683.11
IA-8-L        2,937,483.00            0.00         0.00           0.00           0.00      0.00      0.00               0.00
IA-9-L        3,929,529.00    3,929,529.00    38,886.55           0.00      38,886.55      0.00      0.00       3,929,529.00
IA-10-L      14,360,000.00   12,200,255.72    68,626.44     190,912.56     259,539.00      0.00      0.00      12,009,343.16
I-X-L*       10,385,155.00    5,921,170.27    33,306.58           0.00      33,306.58      0.00      0.00       5,873,371.57
I-PO-L           43,461.00       31,459.63         0.00          45.01          45.01      0.00      0.00          31,414.62
I-B-L         7,922,383.17    7,670,168.80    43,144.71       8,334.33      51,479.04      0.00      0.00       7,661,834.47
R-I                  50.00            0.00         0.00           0.00           0.00      0.00      0.00               0.00


-------------------------------------------------------------------------------------------------------------------------------
TOTALS      208,444,673.17  128,577,552.73   723,071.78   1,334,400.59   2,057,472.37      0.00      0.00     127,195,353.44
-------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                     PASS-THROUGH
                                     PRIOR                                                   CURRENT             RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT         NEXT
-------------------------------------------------------------------------------------------------------------------------------

<S>                           <C>                <C>         <C>          <C>           <C>             <C>           <C>
IA-1-L                          273.480844       1.538330     0.000000     1.538330       273.480844    6.750000%     6.750000%
IA-2-L                          849.599981       4.779000    13.294748    18.073748       836.305232    6.750000%     6.750000%
IA-3-L                        1,000.000000       4.517708     0.000000     4.517708     1,000.000000    5.421250%     5.030000%
IA-4-L                        1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%     6.750000%
IA-5-L                          437.043162       2.458368     9.934841    12.393209       427.108321    6.750000%     6.750000%
IA-6-L                          819.100694       4.607441    14.121086    18.728527       804.979608    6.750000%     6.750000%
IA-8-L                            0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%     6.750000%
IA-9-L                        1,000.000000       9.895982     0.000000     9.895982     1,000.000000   11.875179%    13.384286%
IA-10-L                         849.599981       4.779000    13.294747    18.073747       836.305234    6.750000%     6.750000%
I-X-L*                          570.157140       3.207134     0.000000     3.207134       565.554541    6.750000%     6.750000%
I-PO-L                          723.858862       0.000000     1.035641     1.035641       722.823221    0.000000%     0.000000%
I-B-L                           968.164331       5.445926     1.051998     6.497924       967.112333    6.750000%     6.750000%
R-I                               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%     0.000000%


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.


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  April 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                            May 25, 2001              FACTOR INFORMATION:               (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                     Page 1 of 7                (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>          <C>               <C>       <C>    <C>
IIA-1-L     100,392,251.00   57,059,447.91    309,072.01     874,064.19   1,183,136.20      0.00      0.00   56,185,383.72
II-X-L*       2,345,961.00    1,227,861.33      6,650.92           0.00       6,650.92      0.00      0.00    1,211,195.61
II-PO-L         148,157.00      124,294.98          0.00         608.81         608.81      0.00      0.00      123,686.17
II-B-L        2,314,231.16    2,021,573.86     10,950.18       9,649.09      20,599.27      0.00      0.00    2,011,924.77
R-II                 50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      105,200,650.16   60,433,178.08    326,673.11     884,322.09   1,210,995.20      0.00      0.00   59,532,190.27
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>          <C>         <C>             <C>           <C>             <C>
IIA-1-L                         568.365061       3.078644     8.706491    11.785135       559.658571    6.500000%       6.500000%
II-X-L*                         523.393752       2.835051     0.000000     2.835051       516.289747    6.500000%       6.500000%
II-PO-L                         838.940988       0.000000     4.109222     4.109222       834.831766    0.000000%       0.000000%
II-B-L                          873.540161       4.731671     4.169458     8.901129       869.370703    6.500000%       6.500000%
R-II                              0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%       0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 April 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                           May 25, 2001              FACTOR INFORMATION:                (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         Page 2 of 7            (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>              <C>             <C>            <C>            <C>             <C>       <C>    <C>
IA-1         31,022,128.00    8,483,957.76     49,843.25           0.00      49,843.25      0.00      0.00    8,483,957.76
IA-2          3,140,000.00    2,667,743.94     15,006.06      41,745.51      56,751.57      0.00      0.00    2,625,998.43
IA-3         15,156,755.00   15,156,755.00     68,473.80           0.00      68,473.80      0.00      0.00   15,156,755.00
IA-4         18,951,940.00   18,951,940.00    106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5         73,500,000.00   32,122,672.43    180,690.03     730,210.82     910,900.85      0.00      0.00   31,392,461.61
IA-6         25,717,028.00   21,064,835.47    118,489.70     363,152.36     481,642.06      0.00      0.00   20,701,683.11
IA-7          1,378,761.00      377,064.71          0.00           0.00           0.00      0.00      0.00      377,064.71
IA-8          2,937,483.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00
IA-9          3,929,529.00    3,929,529.00     38,886.55           0.00      38,886.55      0.00      0.00    3,929,529.00
IA-10         4,600,000.00    2,440,255.72     13,421.41     190,912.56     204,333.97      0.00      0.00    2,249,343.16
IA-11         9,760,000.00    9,760,000.00     53,680.00           0.00      53,680.00      0.00      0.00    9,760,000.00
IA-12*          319,111.11      271,116.79      1,525.03           0.00       1,525.03      0.00      0.00      271,116.79
I-X*         10,385,155.00    5,921,170.27     33,306.58           0.00      33,306.58      0.00      0.00    5,873,371.57
I-PO             43,461.00       31,459.63          0.00          45.01          45.01      0.00      0.00       31,414.62
I-M           3,664,102.00    3,547,452.88     19,954.42       3,854.64      23,809.06      0.00      0.00    3,543,598.24
IB-1          1,683,506.00    1,629,910.51      9,168.25       1,771.04      10,939.29      0.00      0.00    1,628,139.47
IB-2            891,268.00      862,893.93      4,853.78         937.61       5,791.39      0.00      0.00      861,956.32
IB-3            693,208.00      671,139.25      3,775.16         729.25       4,504.41      0.00      0.00      670,410.00
IB-4            495,148.00      479,384.65      2,696.54         520.89       3,217.43      0.00      0.00      478,863.76
IB-5            495,151.17      479,387.58      2,696.56         520.90       3,217.46      0.00      0.00      478,866.68

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                  <C>              <C>         <C>          <C>             <C>           <C>            <C>
IA-1       055240DV4            273.480844       1.606700     0.000000     1.606700       273.480844    7.050000%      7.050000%
IA-2       055240DW2            849.599981       4.779000    13.294748    18.073748       836.305232    6.750000%      6.750000%
IA-3       055240DX0          1,000.000000       4.517708     0.000000     4.517708     1,000.000000    5.421250%      5.030000%
IA-4       055240DY8          1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%      6.750000%
IA-5       055240DZ5            437.043162       2.458368     9.934841    12.393209       427.108321    6.750000%      6.750000%
IA-6       055240EA9            819.100694       4.607441    14.121086    18.728527       804.979608    6.750000%      6.750000%
IA-7       055240EB7            273.480835       0.000000     0.000000     0.000000       273.480835    0.000000%      0.000000%
IA-8       055240EC5              0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%      6.750000%
IA-9       055240ED3          1,000.000000       9.895982     0.000000     9.895982     1,000.000000   11.875179%     13.384286%
IA-10      055240EE1            530.490374       2.917698    41.502730    44.420428       488.987643    6.600000%      6.600000%
IA-11      055240EF8          1,000.000000       5.500000     0.000000     5.500000     1,000.000000    6.600000%      6.600000%
IA-12*     055240EG6            849.599972       4.778994     0.000000     4.778994       849.599972    6.750000%      6.750000%
I-X*       055240EJ0            570.157140       3.207134     0.000000     3.207134       565.554541    6.750000%      6.750000%
I-PO       055240EL5            723.858862       0.000000     1.035641     1.035641       722.823221    0.000000%      0.000000%
I-M        055240EN1            968.164336       5.445924     1.052001     6.497925       967.112335    6.750000%      6.750000%
IB-1       055240EP6            968.164361       5.445927     1.051995     6.497922       967.112366    6.750000%      6.750000%
IB-2       055240EQ4            968.164379       5.445926     1.051996     6.497922       967.112384    6.750000%      6.750000%
IB-3       055240EX9            968.164317       5.445927     1.051993     6.497920       967.112324    6.750000%      6.750000%
IB-4       055240EY7            968.164367       5.445927     1.051988     6.497916       967.112379    6.750000%      6.750000%
IB-5       055240EZ4            968.164086       5.445933     1.052002     6.497935       967.112084    6.750000%      6.750000%

--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                 April 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                           May 25, 2001              FACTOR INFORMATION:               (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                        Page 3 of 7             (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>            <C>          <C>               <C>       <C>    <C>
IIA-1       100,392,251.00   57,059,447.91    309,072.01     874,064.19   1,183,136.20      0.00      0.00   56,185,383.72
II-X*         2,345,961.00    1,227,861.33      6,650.92           0.00       6,650.92      0.00      0.00    1,211,195.61
II-PO           148,157.00      124,294.98          0.00         608.81         608.81      0.00      0.00      123,686.17
IIM             874,264.00      763,704.70      4,136.73       3,645.22       7,781.95      0.00      0.00      760,059.48
IIB-1           462,846.00      404,314.55      2,190.04       1,929.81       4,119.85      0.00      0.00      402,384.74
IIB-2           308,564.00      269,543.05      1,460.02       1,286.54       2,746.56      0.00      0.00      268,256.51
IIB-3           308,564.00      269,543.05      1,460.02       1,286.54       2,746.56      0.00      0.00      268,256.51
IIB-4           154,282.00      134,771.52        730.01         643.27       1,373.28      0.00      0.00      134,128.25
IIB-5           205,711.16      179,696.99        973.36         857.71       1,831.07      0.00      0.00      178,839.28
R-III                50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      313,964,384.44  189,281,847.60  1,049,744.89   2,218,722.68   3,268,467.57      0.00      0.00   186,998,660.50
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                   <C>              <C>          <C>         <C>             <C>           <C>            <C>
IIA-1     055240EH4             568.365061       3.078644     8.706491    11.785135       559.658571    6.500000%      6.500000%
II-X*     055240EK7             523.393752       2.835051     0.000000     2.835051       516.289747    6.500000%      6.500000%
II-PO     055240EM3             838.940988       0.000000     4.109222     4.109222       834.831766    0.000000%      0.000000%
IIM       055240ER2             873.540143       4.731671     4.169473     8.901144       869.370671    6.500000%      6.500000%
IIB-1     055240ES0             873.540119       4.731682     4.169443     8.901125       869.370676    6.500000%      6.500000%
IIB-2     055240ET8             873.540173       4.731660     4.169443     8.901103       869.370730    6.500000%      6.500000%
IIB-3     055240FA8             873.540173       4.731660     4.169443     8.901103       869.370730    6.500000%      6.500000%
IIB-4     055240FB6             873.540141       4.731660     4.169443     8.901103       869.370698    6.500000%      6.500000%
IIB-5     055240FC4             873.540308       4.731683     4.169487     8.901170       869.370821    6.500000%      6.500000%
R-III     055240EW1               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%      0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  April 30, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                            May 25, 2001              FACTOR INFORMATION:               (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         Page 4 of 7            (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

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

Distribution Date:                                     May 25, 2001
--------------------------------------------------------------------------------------------------------------------------------


<S>                                                                                 <C>                        <C>
MORTGAGE POOL INFORMATION:                                                          GROUP I                    GROUP II

                BEGINNING BALANCE OF POOL                                           122,656,382.91              59,205,316.96
                LESS:                      SCHEDULED PRINCIPAL                         (133,278.67)               (282,578.95)
                                           PRINCIPAL PREPAYMENTS                     (1,201,121.92)               (601,743.13)
                                           REPURCHASES                                        0.00                       0.00
                                           LIQUIDATIONS                                       0.00                       0.00
                                           OTHER UNSCHEDULED PRINCIPAL                        0.00                       0.00
                                                                               --------------------         ------------------
                ENDING BALANCE OF POOL                                              121,321,982.32              58,320,994.88
                                                                               ====================         ==================

                BEGINNING NUMBER OF LOANS IN POOL                                              399                        205
                ENDING NUMBER OF LOANS IN POOL                                                 395                        203

                WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                    309                        137
                WEIGHTED AVERAGE NET CONTRACT RATE                                       7.525015%                  7.074857%

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




<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                      LOANS            LOANS       LOANS
FORECLOSURE, AND REO                      30 TO 59           60 TO 89        90 PLUS          IN               IN           IN
LOAN INFORMATION *                          DAYS               DAYS            DAYS       BANKRUPTCY      FORECLOSURE       REO
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                               <C>                <C>            <C>         <C>                <C>          <C>
GROUP I     PRINCIPAL BALANCE                 294,502.23            0.00           0.00     283,156.21            0.00         0.00
              PERCENTAGE OF GROUP BAL.           0.2427%         0.0000%        0.0000%        0.2334%         0.0000%      0.0000%
            ------------------------------------------------------------------------------------------------------------------------
            NUMBER OF LOANS                            1               0              0              1               0            0
              PERCENTAGE OF LOANS                0.2532%         0.0000%        0.0000%        0.2532%         0.0000%      0.0000%
------------------------------------------------------------------------------------------------------------------------------------
GROUP II    PRINCIPAL BALANCE                 320,785.66            0.00           0.00           0.00            0.00         0.00
              PERCENTAGE OF GROUP BAL.           0.5500%         0.0000%        0.0000%        0.0000%         0.0000%      0.0000%
            ------------------------------------------------------------------------------------------------------------------------
            NUMBER OF LOANS                            1               0              0              0               0            0
              PERCENTAGE OF LOANS                0.4926%         0.0000%        0.0000%        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                   45,372.40                    22,039.12
            PLUS:              ADDITIONAL SERVICING COMPENSATION                        0.00                         0.00
            LESS:              AMTS. TO COVER PREPAYMENT INT. SHORTFALL            (4,164.01)                   (2,620.13)
                               DELINQUENT SERVICING FEES                           (5,101.90)                   (1,795.24)
                                                                               --------------               --------------
            SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                    36,106.49                    17,623.75
                                                                               ==============               ==============

            ADVANCED PRINCIPAL                                                     12,648.89                    22,103.11
            ADVANCED INTEREST                                                      74,870.06                    25,814.53

---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                       Page 5 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Distribution Date:          May 25, 2001
--------------------------------------------------------------------------------------------------------------------------------
                                                  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                        37,813.16             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                       661,426.37             0.00                  0.00               0.00                  0.00
CLASS IA-6                       328,944.11             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                      172,928.97             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                      601,716.42             0.00                  0.00               0.00                  0.00
CLASS II-X                             0.00             0.00                  0.00               0.00                  0.00
CLASS II-PO                           26.71             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                 1,802,865.05             0.00                  0.00               0.00                  0.00
----------------------------------------------------------------------------------------------------------------------------------


----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         6 of 7                 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Distribution Date:              May 25, 2001
-----------------------------------------------------------------------------------------------------------


<S>                                                                                        <C>
                   OTHER REPORTING ITEMS:

                   GROUP IA PERCENTAGE                                                       93.815129%
                   GROUP IA PREPAYMENT PERCENTAGE                                           100.000000%
                   GROUP IIA PERCENTAGE                                                      96.597146%
                   GROUP IIA PREPAYMENT PERCENTAGE                                          100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                           8,261.01
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                          9,595.65
                   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>
                      Page 7 of 7                C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDER

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                          CURRENT
                  ORIGINAL       PRINCIPAL                                             REALIZED  DEFERRED         PRINCIPAL
   CLASS        FACE VALUE         BALANCE     INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST           BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>             <C>          <C>            <C>               <C>       <C>      <C>
IA-1-L       32,400,889.00    8,861,022.47    49,843.25           0.00      49,843.25      0.00      0.00      8,861,022.47
IA-2-L        3,140,000.00    2,625,998.43    14,771.24      87,821.44     102,592.68      0.00      0.00      2,538,176.99
IA-3-L       15,156,755.00   15,156,755.00    63,532.06           0.00      63,532.06      0.00      0.00     15,156,755.00
IA-4-L       18,951,940.00   18,951,940.00   106,604.66           0.00     106,604.66      0.00      0.00     18,951,940.00
IA-5-L       73,500,000.00   31,392,461.61   176,582.60   1,536,169.35   1,712,751.95      0.00      0.00     29,856,292.26
IA-6-L       25,717,028.00   20,701,683.11   116,446.97     763,975.98     880,422.95      0.00      0.00     19,937,707.13
IA-8-L        2,937,483.00            0.00         0.00           0.00           0.00      0.00      0.00              0.00
IA-9-L        3,929,529.00    3,929,529.00    43,828.28           0.00      43,828.28      0.00      0.00      3,929,529.00
IA-10-L      14,360,000.00   12,009,343.16    67,552.56     401,629.27     469,181.83      0.00      0.00     11,607,713.89
I-X-L*       10,385,155.00    5,873,371.57    33,037.72           0.00      33,037.72      0.00      0.00      5,697,483.81
I-PO-L           43,461.00       31,414.62         0.00         417.75         417.75      0.00      0.00         30,996.87
I-B-L         7,922,383.17    7,661,834.47    43,097.82       8,309.13      51,406.95      0.00      0.00      7,653,525.34
R-I                  50.00            0.00         0.00           0.00           0.00      0.00      0.00              0.00


-------------------------------------------------------------------------------------------------------------------------------
TOTALS      208,444,673.17  128,577,552.73   723,071.78   1,334,400.59   2,057,472.37      0.00      0.00     127,195,353.44
-------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                     PASS-THROUGH
                                     PRIOR                                                   CURRENT             RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT         NEXT
-------------------------------------------------------------------------------------------------------------------------------

<S>                           <C>                <C>         <C>          <C>           <C>             <C>           <C>
IA-1-L                          273.480844       1.538330     0.000000     1.538330       273.480844    6.750000%     6.750000%
IA-2-L                          836.305232       4.704217    27.968611    32.672828       808.336621    6.750000%     6.750000%
IA-3-L                        1,000.000000       4.191666     0.000000     4.191666     1,000.000000    5.030000%     4.740000%
IA-4-L                        1,000.000000       5.625000     0.000000     5.625000     1,000.000000    6.750000%     6.750000%
IA-5-L                          427.108321       2.402484    20.900263    23.302748       406.208058    6.750000%     6.750000%
IA-6-L                          804.979608       4.528010    29.707009    34.235019       775.272599    6.750000%     6.750000%
IA-8-L                            0.000000       0.000000     0.000000     0.000000         0.000000    6.750000%     6.750000%
IA-9-L                        1,000.000000      11.153571     0.000000    11.153571     1,000.000000   13.384286%    14.502857%
IA-10-L                         836.305234       4.704217    27.968612    32.672829       808.336622    6.750000%     6.750000%
I-X-L*                          565.554541       3.181245     0.000000     3.181245       548.618081    6.750000%     6.750000%
I-PO-L                          722.823221       0.000000     9.612066     9.612066       713.211155    0.000000%     0.000000%
I-B-L                           967.112333       5.440007     1.048817     6.488824       966.063516    6.750000%     6.750000%
R-I                               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%     0.000000%


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.


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  May 31, 2001                                              Santa Ana, CA 92705
DISTRIBUTION DATE:                            June 25, 2001              FACTOR INFORMATION:              (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                    Page 1 of 7                 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>          <C>            <C>               <C>       <C>    <C>
IIA-1-L     100,392,251.00   56,185,383.72    304,337.50   2,159,218.62   2,463,556.12      0.00      0.00   54,026,165.10
II-X-L*       2,345,961.00    1,211,195.61      6,560.64           0.00       6,560.64      0.00      0.00    1,173,066.95
II-PO-L         148,157.00      123,686.17          0.00         617.93         617.93      0.00      0.00      123,068.24
II-B-L        2,314,231.16    2,011,924.77     10,897.93       9,501.94      20,399.87      0.00      0.00    2,002,422.83
R-II                 50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      105,200,650.16   59,532,190.27    321,796.07   2,169,338.49   2,491,134.56      0.00      0.00   57,324,723.12
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>              <C>         <C>          <C>             <C>           <C>            <C>
IIA-1-L                         559.658571       3.031484    21.507822    24.539306       538.150749    6.500000%      6.500000%
II-X-L*                         516.289747       2.796568     0.000000     2.796568       500.036851    6.500000%      6.500000%
II-PO-L                         834.831766       0.000000     4.170778     4.170778       830.660988    0.000000%      0.000000%
II-B-L                          869.370703       4.709093     4.105873     8.814966       865.264829    6.500000%      6.500000%
R-II                              0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%      0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  May 31, 2001                                             Santa Ana, CA 92705
DISTRIBUTION DATE:                            June 25, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                       Page 2 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>          <C>             <C>              <C>          <C>            <C>               <C>       <C>    <C>
IA-1         31,022,128.00    8,483,957.76     49,843.25           0.00      49,843.25      0.00      0.00    8,483,957.76
IA-2          3,140,000.00    2,625,998.43     14,771.24      87,821.44     102,592.68      0.00      0.00    2,538,176.99
IA-3         15,156,755.00   15,156,755.00     63,532.06           0.00      63,532.06      0.00      0.00   15,156,755.00
IA-4         18,951,940.00   18,951,940.00    106,604.66           0.00     106,604.66      0.00      0.00   18,951,940.00
IA-5         73,500,000.00   31,392,461.61    176,582.60   1,536,169.35   1,712,751.95      0.00      0.00   29,856,292.26
IA-6         25,717,028.00   20,701,683.11    116,446.97     763,975.98     880,422.95      0.00      0.00   19,937,707.13
IA-7          1,378,761.00      377,064.71          0.00           0.00           0.00      0.00      0.00      377,064.71
IA-8          2,937,483.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00
IA-9          3,929,529.00    3,929,529.00     43,828.28           0.00      43,828.28      0.00      0.00    3,929,529.00
IA-10         4,600,000.00    2,249,343.16     12,371.39     401,629.27     414,000.66      0.00      0.00    1,847,713.89
IA-11         9,760,000.00    9,760,000.00     53,680.00           0.00      53,680.00      0.00      0.00    9,760,000.00
IA-12*          319,111.11      266,874.29      1,501.17           0.00       1,501.17      0.00      0.00      266,874.29
I-X*         10,385,155.00    5,873,371.57     33,037.72           0.00      33,037.72      0.00      0.00    5,697,483.81
I-PO             43,461.00       31,414.62          0.00         417.75         417.75      0.00      0.00       30,996.87
I-M           3,664,102.00    3,543,598.24     19,932.74       3,842.96      23,775.70      0.00      0.00    3,539,755.28
IB-1          1,683,506.00    1,628,139.47      9,158.28       1,765.69      10,923.97      0.00      0.00    1,626,373.78
IB-2            891,268.00      861,956.32      4,848.50         934.78       5,783.28      0.00      0.00      861,021.54
IB-3            693,208.00      670,410.00      3,771.06         727.05       4,498.11      0.00      0.00      669,682.95
IB-4            495,148.00      478,863.76      2,693.61         519.32       3,212.93      0.00      0.00      478,344.44
IB-5            495,151.17      478,866.68      2,693.63         519.33       3,212.96      0.00      0.00      478,347.35

---------------------------------------------------------------------------------------------------------------------------------
TOTALS      **See summary of balances on next page.
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE       CURRENT          NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                 <C>                <C>         <C>          <C>           <C>              <C>            <C>
IA-1      055240DV4             273.480844       1.606700     0.000000     1.606700       273.480844     7.050000%      7.050000%
IA-2      055240DW2             836.305232       4.704217    27.968611    32.672828       808.336621     6.750000%      6.750000%
IA-3      055240DX0           1,000.000000       4.191666     0.000000     4.191666     1,000.000000     5.030000%      4.740000%
IA-4      055240DY8           1,000.000000       5.625000     0.000000     5.625000     1,000.000000     6.750000%      6.750000%
IA-5      055240DZ5             427.108321       2.402484    20.900263    23.302748       406.208058     6.750000%      6.750000%
IA-6      055240EA9             804.979608       4.528010    29.707009    34.235019       775.272599     6.750000%      6.750000%
IA-7      055240EB7             273.480835       0.000000     0.000000     0.000000       273.480835     0.000000%      0.000000%
IA-8      055240EC5               0.000000       0.000000     0.000000     0.000000         0.000000     6.750000%      6.750000%
IA-9      055240ED3           1,000.000000      11.153571     0.000000    11.153571     1,000.000000    13.384286%     14.502857%
IA-10     055240EE1             488.987643       2.689433    87.310711    90.000143       401.676933     6.600000%      6.600000%
IA-11     055240EF8           1,000.000000       5.500000     0.000000     5.500000     1,000.000000     6.600000%      6.600000%
IA-12*    055240EG6             836.305229       4.704224     0.000000     4.704224       836.305229     6.750000%      6.750000%
I-X*      055240EJ0             565.554541       3.181245     0.000000     3.181245       548.618081     6.750000%      6.750000%
I-PO      055240EL5             722.823221       0.000000     9.612066     9.612066       713.211155     0.000000%      0.000000%
I-M       055240EN1             967.112335       5.440007     1.048814     6.488820       966.063521     6.750000%      6.750000%
IB-1      055240EP6             967.112366       5.440004     1.048817     6.488822       966.063548     6.750000%      6.750000%
IB-2      055240EQ4             967.112384       5.440002     1.048820     6.488823       966.063563     6.750000%      6.750000%
IB-3      055240EX9             967.112324       5.440012     1.048819     6.488832       966.063505     6.750000%      6.750000%
IB-4      055240EY7             967.112379       5.440010     1.048818     6.488828       966.063561     6.750000%      6.750000%
IB-5      055240EZ4             967.112084       5.440015     1.048831     6.488847       966.063253     6.750000%      6.750000%

--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  May 31, 2001                                             Santa Ana, CA 92705
DISTRIBUTION DATE:                            June 25, 2001              FACTOR INFORMATION:             (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                          Page 3 of 7           (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
 Statement posting begins 7:00 PM Eastern time the business day prior to
 distribution.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTIONS IN DOLLARS
                                     PRIOR                                                                         CURRENT
                  ORIGINAL       PRINCIPAL                                              REALIZED  DEFERRED       PRINCIPAL
   CLASS        FACE VALUE         BALANCE      INTEREST      PRINCIPAL          TOTAL    LOSSES  INTEREST         BALANCE
----------------------------------------------------------------------------------------------------------------------------

<S>         <C>              <C>              <C>          <C>            <C>               <C>       <C>    <C>
IIA-1       100,392,251.00   56,185,383.72    304,337.50   2,159,218.62   2,463,556.12      0.00      0.00   54,026,165.10
II-X*         2,345,961.00    1,211,195.61      6,560.64           0.00       6,560.64      0.00      0.00    1,173,066.95
II-PO           148,157.00      123,686.17          0.00         617.93         617.93      0.00      0.00      123,068.24
IIM             874,264.00      760,059.48      4,116.99       3,589.63       7,706.62      0.00      0.00      756,469.85
IIB-1           462,846.00      402,384.74      2,179.58       1,900.39       4,079.97      0.00      0.00      400,484.35
IIB-2           308,564.00      268,256.51      1,453.06       1,266.92       2,719.98      0.00      0.00      266,989.59
IIB-3           308,564.00      268,256.51      1,453.06       1,266.92       2,719.98      0.00      0.00      266,989.59
IIB-4           154,282.00      134,128.25        726.53         633.46       1,359.99      0.00      0.00      133,494.79
IIB-5           205,711.16      178,839.28        968.71         844.62       1,813.33      0.00      0.00      177,994.66
R-III                50.00            0.00          0.00           0.00           0.00      0.00      0.00            0.00


---------------------------------------------------------------------------------------------------------------------------------
TOTALS      313,964,384.44  186,994,418.00  1,037,093.23   4,967,661.41   6,004,754.64      0.00      0.00  181,812,740.17
---------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                      PASS-THROUGH
                                     PRIOR                                                   CURRENT              RATES
                                 PRINCIPAL                                                 PRINCIPAL
   CLASS           CUSIP           BALANCE       INTEREST    PRINCIPAL        TOTAL          BALANCE      CURRENT           NEXT
---------------------------------------------------------------------------------------------------------------------------------

<S>       <C>                   <C>              <C>         <C>          <C>             <C>           <C>             <C>
IIA-1     055240EH4             559.658571       3.031484    21.507822    24.539306       538.150749    6.500000%       6.500000%
II-X*     055240EK7             516.289747       2.796568     0.000000     2.796568       500.036851    6.500000%       6.500000%
II-PO     055240EM3             834.831766       0.000000     4.170778     4.170778       830.660988    0.000000%       0.000000%
IIM       055240ER2             869.370671       4.709092     4.105888     8.814980       865.264783    6.500000%       6.500000%
IIB-1     055240ES0             869.370676       4.709083     4.105880     8.814962       865.264796    6.500000%       6.500000%
IIB-2     055240ET8             869.370730       4.709104     4.105858     8.814962       865.264872    6.500000%       6.500000%
IIB-3     055240FA8             869.370730       4.709104     4.105858     8.814962       865.264872    6.500000%       6.500000%
IIB-4     055240FB6             869.370698       4.709104     4.105858     8.814962       865.264840    6.500000%       6.500000%
IIB-5     055240FC4             869.370821       4.709078     4.105854     8.814933       865.264967    6.500000%       6.500000%
R-III     055240EW1               0.000000       0.000000     0.000000     0.000000         0.000000    0.000000%       0.000000%


--------------------------------------------------------------------------------------------------------------------------------
SELLER:                                       Bank of America               ADMINISTRATOR:                Eiko Akiyama
SERVICER:                                     Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                       Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                  May 31, 2001                                             Santa Ana, CA 92705
DISTRIBUTION DATE:                            June 25, 2001              FACTOR INFORMATION:              (800) 735-7777
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                        Page 4 of 7             (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

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

Distribution Date:                                     May 25, 2001
------------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                         GROUP I                       GROUP II

<S>                                                                                  <C>                            <C>
                BEGINNING BALANCE OF POOL                                            121,321,982.32                 58,320,994.88
                LESS:                      SCHEDULED PRINCIPAL                          (131,573.34)                  (275,440.95)
                                           PRINCIPAL PREPAYMENTS                      (2,666,749.57)                (1,893,897.56)
                                           REPURCHASES                                         0.00                          0.00
                                           LIQUIDATIONS                                        0.00                          0.00
                                           OTHER UNSCHEDULED PRINCIPAL                         0.00                          0.00
                                                                                  ------------------            ------------------
                ENDING BALANCE OF POOL                                               118,523,659.41                 56,151,656.37
                                                                                  ==================            ==================

                BEGINNING NUMBER OF LOANS IN POOL                                               395                           203
                ENDING NUMBER OF LOANS IN POOL                                                  386                           197

                WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                     307                           136
                WEIGHTED AVERAGE NET CONTRACT RATE                                        7.523539%                     7.072954%

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




<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                  LOANS            LOANS          LOANS
FORECLOSURE, AND REO                    30 TO 59         60 TO 89          90 PLUS         IN              IN            IN
LOAN INFORMATION *                        DAYS             DAYS              DAYS      BANKRUPTCY     FORECLOSURE        REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                              <C>              <C>               <C>          <C>             <C>             <C>
GROUP I    PRINCIPAL BALANCE                249,815.77       225,897.76           0.00      282,615.49         0.00            0.00
             PERCENTAGE OF GROUP BAL.          0.2108%          0.1906%        0.0000%         0.2384%      0.0000%         0.0000%
           -------------------------------------------------------------------------------------------------------------------------
           NUMBER OF LOANS                           1                1              0               1            0               0
             PERCENTAGE OF LOANS               0.2591%          0.2591%        0.0000%         0.2591%      0.0000%         0.0000%
------------------------------------------------------------------------------------------------------------------------------------
GROUP II   PRINCIPAL BALANCE                319,345.92             0.00           0.00            0.00         0.00            0.00
             PERCENTAGE OF GROUP BAL.          0.5687%          0.0000%        0.0000%         0.0000%      0.0000%         0.0000%
           -------------------------------------------------------------------------------------------------------------------------
           NUMBER OF LOANS                           1                0              0               0            0               0
             PERCENTAGE OF LOANS               0.5076%          0.0000%        0.0000%         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                       44,637.71                      21,615.15
           PLUS:                      ADDITIONAL SERVICING COMPENSATION                    0.00                           0.00
           LESS:                      AMTS. TO COVER PREPAYMENT INT. SHORTFALL       (13,236.49)                     (4,790.84)
                                      DELINQUENT SERVICING FEES                       (3,675.83)                     (1,834.06)
                                                                                  --------------                ---------------
           SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                        27,725.39                      14,990.25
                                                                                  ==============                ===============

           ADVANCED PRINCIPAL                                                         11,074.52                      23,669.41
           ADVANCED INTEREST                                                          63,818.27                      26,366.57

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                      Page 5 of 7               (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Distribution Date:          June 25, 2001
--------------------------------------------------------------------------------------------------------------------------------
                                                  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                      83,942.00                 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                   1,468,310.24                 0.00                  0.00               0.00                 0.00
CLASS IA-6                     730,227.93                 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                    383,887.60                 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                         381.80                 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                  1,893,865.02                 0.00                  0.00               0.00                 0.00
CLASS II-X                           0.00                 0.00                  0.00               0.00                 0.00
CLASS II-PO                         32.54                 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               4,560,647.13                 0.00                  0.00               0.00                 0.00
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                         6 of 7                 (C) COPYRIGHT 2001 Deutsche Bank

<PAGE>

                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS

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

Distribution Date:                                     June 25, 2001
-------------------------------------------------------------------------------------------------------------------------

<S>                                                                                             <C>
                    OTHER REPORTING ITEMS:

                    GROUP IA PERCENTAGE                                                            93.683075%
                    GROUP IA PREPAYMENT PERCENTAGE                                                100.000000%
                    GROUP IIA PERCENTAGE                                                           96.542925%
                    GROUP IIA PREPAYMENT PERCENTAGE                                               100.000000%

                    GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                8,309.12
                    GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                               9,501.94
                    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>
                       Page 7 of 7              (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

<TABLE>
<CAPTION>


                          BA MORTGAGE SECURITIES, INC.
                       MORTGAGE PASS-THROUGH CERTIFICATES
                                  SERIES 1998-2

                        STATEMENTS TO CERTIFICATEHOLDERS


Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                               DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                 CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED        PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL            TOTAL      LOSSES     INTEREST          BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>         <C>                 <C>              <C>                 <C>         <C>              <C>          <C>      <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00        49,843.25        0.00         0.00     8,861,022.47
IA-2-L       3,140,000.00       2,538,176.99     14,277.25     111,239.13       125,516.38        0.00         0.00     2,426,937.86
IA-3-L      15,156,755.00      15,156,755.00     59,869.18           0.00        59,869.18        0.00         0.00    15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00       106,604.66        0.00         0.00    18,951,940.00
IA-5-L      73,500,000.00      29,856,292.26    167,941.64   1,945,790.69     2,113,732.33        0.00         0.00    27,910,501.57
IA-6-L      25,717,028.00      19,937,707.13    112,149.60     967,691.06     1,079,840.66        0.00         0.00    18,970,016.07
IA-8-L       2,937,483.00               0.00          0.00           0.00             0.00        0.00         0.00             0.00
IA-9-L       3,929,529.00       3,929,529.00     47,491.16           0.00        47,491.16        0.00         0.00     3,929,529.00
IA-10-L     14,360,000.00      11,607,713.89     65,293.39     508,724.17       574,017.56        0.00         0.00    11,098,989.72
I-X-L*      10,385,155.00       5,697,483.81     32,048.35           0.00        32,048.35        0.00         0.00     5,511,924.71
I-PO-L          43,461.00          30,996.87          0.00          47.66            47.66        0.00         0.00        30,949.21
I-B-L        7,922,383.17       7,653,525.34     43,051.08       8,358.46        51,409.54        0.00         0.00     7,645,166.88
R-I                 50.00               0.00          0.00           0.00             0.00        0.00         0.00             0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17     124,221,142.76    698,569.56   3,541,851.17     4,240,420.73        0.00         0.00   120,493,732.49
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                     FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH
                                       PRIOR                                                   CURRENT                RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS        CUSIP             BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT             NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>              <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%        6.750000%
IA-2-L                            808.336621      4.546895      35.426475     39.973369     772.910146    6.750000%        6.750000%
IA-3-L                          1,000.000000      3.950000       0.000000      3.950000   1,000.000000    4.740000%        4.743750%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%        6.750000%
IA-5-L                            406.208058      2.284920      26.473343     28.758263     379.734715    6.750000%        6.750000%
IA-6-L                            775.272599      4.360908      37.628417     41.989326     737.644182    6.750000%        6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%        6.750000%
IA-9-L                          1,000.000000     12.085713       0.000000     12.085713   1,000.000000   14.502857%       14.488393%
IA-10-L                           808.336622      4.546893      35.426474     39.973368     772.910148    6.750000%        6.750000%
I-X-L*                            548.618081      3.085977       0.000000      3.085977     530.750356    6.750000%        6.750000%
I-PO-L                            713.211155      0.000000       1.096615      1.096615     712.114539    0.000000%        0.000000%
I-B-L                             966.063516      5.434107       1.055044      6.489151     965.008472    6.750000%        6.750000%
R-I                                 0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%        0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                              Bank of America             ADMINISTRATOR:                   Eiko Akiyama
SERVICER:                                            Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                    1761 E. St. Andrew
RECORD DATE:                                          June 29, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                    July 25, 2001                  FACTOR INFORMATION:         (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                   Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

<TABLE>
<CAPTION>

                                                             BA MORTGAGE SECURITIES, INC.
                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                           STATEMENTS TO CERTIFICATEHOLDERS


Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                               DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED    DEFERRED        PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES    INTEREST          BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>           <C>                    <C>         <C>     <C>
IIA-1-L    100,392,251.00      54,026,165.10    292,641.73   1,181,195.58  1,473,837.31           0.00        0.00    52,844,969.52
II-X-L*      2,345,961.00       1,173,066.95      6,354.11           0.00      6,354.11           0.00        0.00     1,156,308.48
II-PO-L        148,157.00         123,068.24          0.00         612.83        612.83           0.00        0.00       122,455.41
II-B-L       2,314,231.16       2,002,422.83     10,846.46       9,787.51     20,633.97           0.00        0.00     1,992,635.32
R-II                50.00               0.00          0.00           0.00          0.00           0.00        0.00             0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16      57,324,723.12    309,842.30   1,191,595.92  1,501,438.22           0.00         0.00    56,116,368.73
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                     FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH
                                       PRIOR                                                   CURRENT                RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT             NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>                 <C>           <C>             <C>           <C>           <C>           <C>           <C>              <C>
IIA-1-L                           538.150749      2.914983      11.765804     14.680788     526.384945    6.500000%        6.500000%
II-X-L*                           500.036851      2.708532       0.000000      2.708532     492.893309    6.500000%        6.500000%
II-PO-L                           830.660988      0.000000       4.136355      4.136355     826.524633    0.000000%        0.000000%
II-B-L                            865.264829      4.686852       4.229271      8.916123     861.035559    6.500000%        6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%        0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                              Bank of America               ADMINISTRATOR:                   Eiko Akiyama
SERVICER:                                            Bank of America                                                Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                          June 29, 2001                                              Santa Ana, CA 92705
DISTRIBUTION DATE:                                    July 25, 2001                FACTOR INFORMATION:             (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                             BA MORTGAGE SECURITIES, INC.
                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                           STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.

------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
                                                               DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                 CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED        PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST          BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>      <C>
IA-1        31,022,128.00       8,483,957.76     49,843.25           0.00     49,843.25           0.00         0.00     8,483,957.76
IA-2         3,140,000.00       2,538,176.99     14,277.25     111,239.13    125,516.38           0.00         0.00     2,426,937.86
IA-3        15,156,755.00      15,156,755.00     59,869.18           0.00     59,869.18           0.00         0.00    15,156,755.00
IA-4        18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00    18,951,940.00
IA-5        73,500,000.00      29,856,292.26    167,941.64   1,945,790.69  2,113,732.33           0.00         0.00    27,910,501.57
IA-6        25,717,028.00      19,937,707.13    112,149.60     967,691.06  1,079,840.66           0.00         0.00    18,970,016.07
IA-7         1,378,761.00         377,064.71          0.00           0.00          0.00           0.00         0.00       377,064.71
IA-8         2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00             0.00
IA-9         3,929,529.00       3,929,529.00     47,491.16           0.00     47,491.16           0.00         0.00     3,929,529.00
IA-10        4,600,000.00       1,847,713.89     10,162.43     508,724.17    518,886.60           0.00         0.00     1,338,989.72
IA-11        9,760,000.00       9,760,000.00     53,680.00           0.00     53,680.00           0.00         0.00     9,760,000.00
IA-12*         319,111.11         257,949.20      1,450.96           0.00      1,450.96           0.00         0.00       257,949.20
I-X*        10,385,155.00       5,697,483.81     32,048.35           0.00     32,048.35           0.00         0.00     5,511,924.71
I-PO            43,461.00          30,996.87          0.00          47.66         47.66           0.00         0.00        30,949.21
I-M          3,664,102.00       3,539,755.28     19,911.12       3,865.79     23,776.91           0.00         0.00     3,535,889.49
IB-1         1,683,506.00       1,626,373.78      9,148.35       1,776.17     10,924.52           0.00         0.00     1,624,597.61
IB-2           891,268.00         861,021.54      4,843.25         940.33      5,783.58           0.00         0.00       860,081.21
IB-3           693,208.00         669,682.95      3,766.97         731.36      4,498.33           0.00         0.00       668,951.59
IB-4           495,148.00         478,344.44      2,690.69         522.40      3,213.09           0.00         0.00       477,822.04
IB-5           495,151.17         478,347.35      2,690.70         522.41      3,213.11           0.00         0.00       477,824.94

------------------------------------------------------------------------------------------------------------------------------------
TOTALS            **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                     FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                   PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT             NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>            <C>           <C>          <C>           <C>              <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%        7.050000%
IA-2            055240DW2         808.336621      4.546895      35.426475     39.973369     772.910146    6.750000%        6.750000%
IA-3            055240DX0       1,000.000000      3.950000       0.000000      3.950000   1,000.000000    4.740000%        4.743750%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%        6.750000%
IA-5            055240DZ5         406.208058      2.284920      26.473343     28.758263     379.734715    6.750000%        6.750000%
IA-6            055240EA9         775.272599      4.360908      37.628417     41.989326     737.644182    6.750000%        6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%        0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%        6.750000%
IA-9            055240ED3       1,000.000000     12.085713       0.000000     12.085713   1,000.000000   14.502857%       14.488393%
IA-10           055240EE1         401.676933      2.209224     110.592211    112.801435     291.084722    6.600000%        6.600000%
IA-11           055240EF8       1,000.000000      5.500000       0.000000      5.500000   1,000.000000    6.600000%        6.600000%
IA-12*          055240EG6         808.336632      4.546880       0.000000      4.546880     808.336632    6.750000%        6.750000%
I-X*            055240EJ0         548.618081      3.085977       0.000000      3.085977     530.750356    6.750000%        6.750000%
I-PO            055240EL5         713.211155      0.000000       1.096615      1.096615     712.114539    0.000000%        0.000000%
I-M             055240EN1         966.063521      5.434106       1.055044      6.489151     965.008477    6.750000%        6.750000%
IB-1            055240EP6         966.063548      5.434106       1.055042      6.489148     965.008506    6.750000%        6.750000%
IB-2            055240EQ4         966.063563      5.434112       1.055047      6.489159     965.008516    6.750000%        6.750000%
IB-3            055240EX9         966.063505      5.434112       1.055037      6.489149     965.008468    6.750000%        6.750000%
IB-4            055240EY7         966.063561      5.434113       1.055038      6.489151     965.008523    6.750000%        6.750000%
IB-5            055240EZ4         966.063253      5.434098       1.055052      6.489150     965.008201    6.750000%        6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                              Bank of America            ADMINISTRATOR:                   Eiko Akiyama
SERVICER:                                            Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                   1761 E. St. Andrew
RECORD DATE:                                          June 29, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                    July 25, 2001                 FACTOR INFORMATION:         (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                   Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                             BA MORTGAGE SECURITIES, INC.

                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                            STATEMENT TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                               DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                 CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED        PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST          BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>     <C>
IIA-1      100,392,251.00      54,026,165.10    292,641.73   1,181,195.58  1,473,837.31           0.00         0.00    52,844,969.52
II-X*        2,345,961.00       1,173,066.95      6,354.11           0.00      6,354.11           0.00         0.00     1,156,308.48
II-PO          148,157.00         123,068.24          0.00         612.83        612.83           0.00         0.00       122,455.41
IIM            874,264.00         756,469.85      4,097.55       3,697.50      7,795.05           0.00         0.00       752,772.35
IIB-1          462,846.00         400,484.35      2,169.29       1,957.50      4,126.79           0.00         0.00       398,526.85
IIB-2          308,564.00         266,989.59      1,446.19       1,305.00      2,751.19           0.00         0.00       265,684.59
IIB-3          308,564.00         266,989.59      1,446.19       1,305.00      2,751.19           0.00         0.00       265,684.59
IIB-4          154,282.00         133,494.79        723.10         652.50      1,375.60           0.00         0.00       132,842.29
IIB-5          205,711.16         177,994.66        964.14         870.01      1,834.15           0.00         0.00       177,124.65
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00             0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS      13,964,384.44     181,803,815.08  1,008,411.86   4,733,447.09  5,741,858.95           0.00         0.00  176,868,050.42
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                     FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                 RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS                CUSIP           BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT             NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>              <C>
IIA-1           055240EH4         538.150749      2.914983      11.765804     14.680788     526.384945    6.500000%        6.500000%
II-X*           055240EK7         500.036851      2.708532       0.000000      2.708532     492.893309    6.500000%        6.500000%
II-PO           055240EM3         830.660988      0.000000       4.136355      4.136355     826.524633    0.000000%        0.000000%
IIM             055240ER2         865.264783      4.686857       4.229272      8.916128     861.035511    6.500000%        6.500000%
IIB-1           055240ES0         865.264796      4.686850       4.229268      8.916119     861.035528    6.500000%        6.500000%
IIB-2           055240ET8         865.264872      4.686840       4.229268      8.916108     861.035604    6.500000%        6.500000%
IIB-3           055240FA8         865.264872      4.686840       4.229268      8.916108     861.035604    6.500000%        6.500000%
IIB-4           055240FB6         865.264840      4.686872       4.229268      8.916141     861.035571    6.500000%        6.500000%
IIB-5           055240FC4         865.264967      4.686863       4.229280      8.916142     861.035687    6.500000%        6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%        0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                              Bank of America            ADMINISTRATOR:                   Eiko Akiyama
SERVICER:                                            Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                   1761 E. St. Andrew
RECORD DATE:                                          June 29, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                    July 25, 2001             FACTOR INFORMATION:             (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                   Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>


                                                             BA MORTGAGE SECURITIES, INC.
                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                            STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                 July 25, 2001

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

MORTGAGE POOL INFORMATION:                                                                  GROUP I                        GROUP II
--------------------------                                                                  -------                        --------

<S>                                                                                     <C>                            <C>
                  BEGINNING BALANCE OF POOL                                             118,523,659.41                 56,151,656.37
                  LESS:            SCHEDULED PRINCIPAL                                    (129,444.95)                  (274,447.26)
                                   PRINCIPAL PREPAYMENTS                                (3,412,406.22)                  (917,148.66)
                                   REPURCHASES                                                    0.00                          0.00
                                   LIQUIDATIONS                                                   0.00                          0.00
                                   OTHER UNSCHEDULED PRINCIPAL                                    0.00                          0.00
                                                                                      -----------------               --------------
                  ENDING BALANCE OF POOL                                                114,981,808.24                 54,960,060.45
                                                                                      =================               ==============

                  BEGINNING NUMBER OF LOANS IN POOL                                                386                           197
                  ENDING NUMBER OF LOANS IN POOL                                                   375                           194

                  WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                      306                           135
                  WEIGHTED AVERAGE NET CONTRACT RATE                                         7.521453%                     7.069043%

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


</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                         LOANS          LOANS        LOANS
FORECLOSURE, AND REO                              30 TO 59      60 TO 89      90 PLUS            IN             IN           IN
LOAN INFORMATION *                                  DAYS          DAYS          DAYS         BANKRUPTCY    FORECLOSURE      REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>                 <C>           <C>      <C>                  <C>           <C>
GROUP I         PRINCIPAL BALANCE                 520,098.43          0.00          0.00     282,071.16           0.00          0.00
                     PERCENTAGE OF GROUP BAL.        0.4523%       0.0000%       0.0000%        0.2453%        0.0000%       0.0000%
                --------------------------------------------------------------------------------------------------------------------
                NUMBER OF LOANS                            2             0             0              1              0             0
                     PERCENTAGE OF LOANS             0.5333%       0.0000%       0.0000%        0.2667%        0.0000%       0.0000%
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
GROUP II        PRINCIPAL BALANCE                 317,897.94          0.00          0.00           0.00           0.00          0.00
                     PERCENTAGE OF GROUP BAL.        0.5784%       0.0000%       0.0000%        0.0000%        0.0000%       0.0000%
                --------------------------------------------------------------------------------------------------------------------
                NUMBER OF LOANS                            1             0             0              0              0             0
                     PERCENTAGE OF LOANS             0.5155%       0.0000%       0.0000%        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
</TABLE>
<TABLE>
<CAPTION>

SERVICING INFORMATION:                                                                      GROUP I                      GROUP II
----------------------                                                                      -------                      --------
<S>                                                                                          <C>                          <C>
                  SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                         43,631.20                   20,612.22
                  PLUS:            ADDITIONAL SERVICING COMPENSATION                                0.00                        0.00
                  LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL                  (14,245.45)                  (3,208.03)
                                   DELINQUENT SERVICING FEES                                 (11,837.54)                  (5,744.30)
                                                                                        -----------------             --------------
                  SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                          17,548.21                   11,659.89
                                                                                        =================             ==============

                  ADVANCED PRINCIPAL                                                           36,052.53                   73,044.58
                  ADVANCED INTEREST                                                           181,904.41                   85,278.24

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                   Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                             BA MORTGAGE SECURITIES, INC.
                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                            STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                 July 25, 2001

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

------------------------------------------------------------------------------------------------------------------------------------
                                                  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                     107,428.32             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                   1,879,132.13             0.00                        0.00             0.00                   0.00
CLASS IA-6                     934,540.07             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                    491,296.39             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                    917,124.55             0.00                        0.00             0.00                   0.00
CLASS II-X                           0.00             0.00                        0.00             0.00                   0.00
CLASS II-PO                         24.11             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                  4,329,554.88             0.00                        0.00           0.00                  0.00
--------------------------------------------------------------------------------------------------------------------------------













------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                   Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>


                                                             BA MORTGAGE SECURITIES, INC.
                                                          MORTGAGE PASS-THROUGH CERTIFICATES
                                                                     SERIES 1998-2

                                                            STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  July 25, 2001

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

<S>                                                                                                   <C>
                  OTHER REPORTING ITEMS:

                  GROUP IA PERCENTAGE                                                                   93.540929%
                  GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                  GROUP IIA PERCENTAGE                                                                  96.426070%
                  GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                  GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,358.46
                  GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                      9,787.51
                  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>
                                   Page 7 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>

<TABLE>
<CAPTION>


                                                                BA MORTGAGE SECURITIES, INC.

                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00     49,843.25           0.00         0.00    8,861,022.47
IA-2-L       3,140,000.00       2,426,937.86     13,651.53      87,041.54    100,693.07           0.00         0.00    2,339,896.32
IA-3-L      15,156,755.00      15,156,755.00     59,916.55           0.00     59,916.55           0.00         0.00   15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5-L      73,500,000.00      27,910,501.57    156,996.57   1,522,527.31  1,679,523.88           0.00         0.00   26,387,974.26
IA-6-L      25,717,028.00      18,970,016.07    106,706.34     757,191.45    863,897.79           0.00         0.00   18,212,824.62
IA-8-L       2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9-L       3,929,529.00       3,929,529.00     47,443.80           0.00     47,443.80           0.00         0.00    3,929,529.00
IA-10-L     14,360,000.00      11,098,989.72     62,431.81     398,062.57    460,494.38           0.00         0.00   10,700,927.15
I-X-L*      10,385,155.00       5,511,924.71     31,004.58           0.00     31,004.58           0.00         0.00    5,372,395.55
I-PO-L          43,461.00          30,949.21          0.00          47.93         47.93           0.00         0.00       30,901.28
I-B-L        7,922,383.17       7,645,166.88     43,004.07       8,482.11     51,486.18           0.00         0.00    7,636,684.77
R-I                 50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17     120,493,732.49    677,603.16   2,773,352.91  3,450,956.07           0.00         0.00  117,580,850.42
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS            CUSIP               BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%       6.750000%
IA-2-L                            772.910146      4.347621      27.720236     32.067857     745.189911    6.750000%       6.750000%
IA-3-L                          1,000.000000      3.953125       0.000000      3.953125   1,000.000000    4.743750%       4.530000%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5-L                            379.734715      2.136008      20.714657     22.850665     359.020058    6.750000%       6.750000%
IA-6-L                            737.644182      4.149249      29.443194     33.592443     708.200987    6.750000%       6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9-L                          1,000.000000     12.073661       0.000000     12.073661   1,000.000000   14.488393%      15.312857%
IA-10-L                           772.910148      4.347619      27.720235     32.067854     745.189913    6.750000%       6.750000%
I-X-L*                            530.750356      2.985471       0.000000      2.985471     517.314912    6.750000%       6.750000%
I-PO-L                            712.114539      0.000000       1.102828      1.102828     711.011712    0.000000%       0.000000%
I-B-L                             965.008472      5.428173       1.070651      6.498825     963.937821    6.750000%       6.750000%
R-I                                 0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                           July 31, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                    August 27, 2001           FACTOR INFORMATION:                (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.

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

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL            TOTAL      LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>              <C>                 <C>          <C>    <C>
IIA-1-L    100,392,251.00      52,844,969.52    286,243.58   1,308,082.46     1,594,326.04        0.00         0.00   51,536,887.06
II-X-L*      2,345,961.00       1,156,308.48      6,263.34           0.00         6,263.34        0.00         0.00    1,129,682.55
II-PO-L        148,157.00         122,455.41          0.00         610.35           610.35        0.00         0.00      121,845.06
II-B-L       2,314,231.16       1,992,635.32     10,793.44       9,846.77        20,640.21        0.00         0.00    1,982,788.55
R-II                50.00               0.00          0.00           0.00             0.00        0.00         0.00            0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16      56,116,368.73    303,300.36   1,318,539.58     1,621,839.94        0.00          .00   54,771,203.22
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                   PASS-THROUGH
                                       PRIOR                                                   CURRENT                    RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>                <C>            <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1-L                           526.384945      2.851252      13.029715     15.880967     513.355230    6.500000%       6.500000%
II-X-L*                           492.893309      2.669840       0.000000      2.669840     481.543619    6.500000%       6.500000%
II-PO-L                           826.524633      0.000000       4.119616      4.119616     822.405016    0.000000%       0.000000%
II-B-L                            861.035559      4.663942       4.254877      8.918820     856.780681    6.500000%       6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                           July 31, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                    August 27, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                      PRIOR                                                                                  CURRENT
                 ORIGINAL         PRINCIPAL                                                   REALIZED    DEFERRED         PRINCIPAL
CLASS          FACE VALUE           BALANCE       INTEREST      PRINCIPAL         TOTAL         LOSSES    INTEREST           BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                <C>               <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1        31,022,128.00      8,483,957.76      49,843.25           0.00     49,843.25           0.00         0.00    8,483,957.76
IA-2         3,140,000.00      2,426,937.86      13,651.53      87,041.54    100,693.07           0.00         0.00    2,339,896.32
IA-3        15,156,755.00     15,156,755.00      59,916.55           0.00     59,916.55           0.00         0.00   15,156,755.00
IA-4        18,951,940.00     18,951,940.00     106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5        73,500,000.00     27,910,501.57     156,996.57   1,522,527.31  1,679,523.88           0.00         0.00   26,387,974.26
IA-6        25,717,028.00     18,970,016.07     106,706.34     757,191.45    863,897.79           0.00         0.00   18,212,824.62
IA-7         1,378,761.00        377,064.71           0.00           0.00          0.00           0.00         0.00      377,064.71
IA-8         2,937,483.00              0.00           0.00           0.00          0.00           0.00         0.00            0.00
IA-9         3,929,529.00      3,929,529.00      47,443.80           0.00     47,443.80           0.00         0.00    3,929,529.00
IA-10        4,600,000.00      1,338,989.72       7,364.44     398,062.57    405,427.01           0.00         0.00      940,927.15
IA-11        9,760,000.00      9,760,000.00      53,680.00           0.00     53,680.00           0.00         0.00    9,760,000.00
IA-12*         319,111.11        246,644.22       1,387.37           0.00      1,387.37           0.00         0.00      246,644.22
I-X*        10,385,155.00      5,511,924.71      31,004.58           0.00     31,004.58           0.00         0.00    5,372,395.55
I-PO            43,461.00         30,949.21           0.00          47.93         47.93           0.00         0.00       30,901.28
I-M          3,664,102.00      3,535,889.49      19,889.38       3,922.98     23,812.36           0.00         0.00    3,531,966.51
IB-1         1,683,506.00      1,624,597.61       9,138.36       1,802.45     10,940.81           0.00         0.00    1,622,795.16
IB-2           891,268.00        860,081.21       4,837.96         954.24      5,792.20           0.00         0.00      859,126.97
IB-3           693,208.00        668,951.59       3,762.85         742.19      4,505.04           0.00         0.00      668,209.40
IB-4           495,148.00        477,822.04       2,687.75         530.13      3,217.88           0.00         0.00      477,291.91
IB-5           495,151.17        477,824.94       2,687.77         530.12      3,217.89           0.00         0.00      477,294.82

------------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                PASS-THROUGH
                                       PRIOR                                                   CURRENT                RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%       7.050000%
IA-2            055240DW2         772.910146      4.347621      27.720236     32.067857     745.189911    6.750000%       6.750000%
IA-3            055240DX0       1,000.000000      3.953125       0.000000      3.953125   1,000.000000    4.743750%       4.530000%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5            055240DZ5         379.734715      2.136008      20.714657     22.850665     359.020058    6.750000%       6.750000%
IA-6            055240EA9         737.644182      4.149249      29.443194     33.592443     708.200987    6.750000%       6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%       0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9            055240ED3       1,000.000000     12.073661       0.000000     12.073661   1,000.000000   14.488393%      15.312857%
IA-10           055240EE1         291.084722      1.600965      86.535341     88.136307     204.549380    6.600000%       6.600000%
IA-11           055240EF8       1,000.000000      5.500000       0.000000      5.500000   1,000.000000    6.600000%       6.600000%
IA-12*          055240EG6         772.910163      4.347608       0.000000      4.347608     772.910163    6.750000%       6.750000%
I-X*            055240EJ0         530.750356      2.985471       0.000000      2.985471     517.314912    6.750000%       6.750000%
I-PO            055240EL5         712.114539      0.000000       1.102828      1.102828     711.011712    0.000000%       0.000000%
I-M             055240EN1         965.008477      5.428173       1.070653      6.498826     963.937824    6.750000%       6.750000%
IB-1            055240EP6         965.008506      5.428172       1.070653      6.498824     963.937854    6.750000%       6.750000%
IB-2            055240EQ4         965.008516      5.428176       1.070654      6.498831     963.937862    6.750000%       6.750000%
IB-3            055240EX9         965.008468      5.428169       1.070660      6.498829     963.937808    6.750000%       6.750000%
IB-4            055240EY7         965.008523      5.428175       1.070650      6.498825     963.937873    6.750000%       6.750000%
IB-5            055240EZ4         965.008201      5.428181       1.070623      6.498803     963.937579    6.750000%       6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                           July 31, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                    August 27, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1      100,392,251.00      52,844,969.52    286,243.58   1,308,082.46  1,594,326.04           0.00         0.00   51,536,887.06
II-X*        2,345,961.00       1,156,308.48      6,263.34           0.00      6,263.34           0.00         0.00    1,129,682.55
II-PO          148,157.00         122,455.41          0.00         610.35        610.35           0.00         0.00      121,845.06
IIM            874,264.00         752,772.35      4,077.52       3,719.88      7,797.40           0.00         0.00      749,052.47
IIB-1          462,846.00         398,526.85      2,158.69       1,969.35      4,128.04           0.00         0.00      396,557.50
IIB-2          308,564.00         265,684.59      1,439.12       1,312.90      2,752.02           0.00         0.00      264,371.69
IIB-3          308,564.00         265,684.59      1,439.12       1,312.90      2,752.02           0.00         0.00      264,371.69
IIB-4          154,282.00         132,842.29        719.56         656.45      1,376.01           0.00         0.00      132,185.84
IIB-5          205,711.16         177,124.65        959.43         875.29      1,834.72           0.00         0.00      176,249.36
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS     313,964,384.44     176,856,745.44    980,903.52   4,091,892.49  5,072,796.01           0.00         0.00  172,598,697.86
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1           055240EH4         526.384945      2.851252      13.029715     15.880967     513.355230    6.500000%       6.500000%
II-X*           055240EK7         492.893309      2.669840       0.000000      2.669840     481.543619    6.500000%       6.500000%
II-PO           055240EM3         826.524633      0.000000       4.119616      4.119616     822.405016    0.000000%       0.000000%
IIM             055240ER2         861.035511      4.663946       4.254870      8.918816     856.780641    6.500000%       6.500000%
IIB-1           055240ES0         861.035528      4.663949       4.254871      8.918820     856.780657    6.500000%       6.500000%
IIB-2           055240ET8         861.035604      4.663927       4.254871      8.918798     856.780733    6.500000%       6.500000%
IIB-3           055240FA8         861.035604      4.663927       4.254871      8.918798     856.780733    6.500000%       6.500000%
IIB-4           055240FB6         861.035571      4.663927       4.254871      8.918798     856.780700    6.500000%       6.500000%
IIB-5           055240FC4         861.035687      4.663967       4.254947      8.918913     856.780741    6.500000%       6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                           July 31, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                    August 27, 2001           FACTOR INFORMATION:                (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  August 27, 2001
------------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                           GROUP I                           GROUP II
--------------------------                                                           -------                           --------
<S>                                                                                <C>                                <C>
                   BEGINNING BALANCE OF POOL                                       114,981,808.24                     54,960,060.45
                   LESS:            SCHEDULED PRINCIPAL                              (127,573.90)                      (271,576.27)
                                    PRINCIPAL PREPAYMENTS                          (2,645,779.03)                    (1,046,963.30)
                                    REPURCHASES                                              0.00                              0.00
                                    LIQUIDATIONS                                             0.00                              0.00
                                    OTHER UNSCHEDULED PRINCIPAL                              0.00                              0.00
                                                                                 -----------------                 -----------------
                   ENDING BALANCE OF POOL                                          112,208,455.31                     53,641,520.88
                                                                                 =================                 =================

                   BEGINNING NUMBER OF LOANS IN POOL                                          375                               194
                   ENDING NUMBER OF LOANS IN POOL                                             366                               190

                   WEIGHTED AVERAGE REMAINING TERM TO MATURITY                                305                               134
                   WEIGHTED AVERAGE NET CONTRACT RATE                                   7.520516%                         7.066120%

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


</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                         LOANS          LOANS       LOANS
FORECLOSURE, AND REO                                30 TO 59       60 TO 89        90 PLUS        IN             IN         IN
LOAN INFORMATION *                                    DAYS           DAYS            DAYS     BANKRUPTCY    FORECLOSURE     REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                   <C>           <C>            <C>           <C>            <C>         <C>
GROUP I            PRINCIPAL BALANCE                     0.00          0.00           0.00    281,523.20           0.00        0.00
                        PERCENTAGE OF GROUP BAL.      0.0000%       0.0000%        0.0000%       0.2509%        0.0000%     0.0000%
                   -----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                          0             0              0             1              0           0
                        PERCENTAGE OF LOANS           0.0000%       0.0000%        0.0000%       0.2732%        0.0000%     0.0000%
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
GROUP II           PRINCIPAL BALANCE                     0.00          0.00           0.00          0.00           0.00        0.00
                        PERCENTAGE OF GROUP BAL.      0.0000%       0.0000%        0.0000%       0.0000%        0.0000%     0.0000%
                   -----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                          0             0              0             0              0           0
                        PERCENTAGE OF LOANS           0.0000%       0.0000%        0.0000%       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
</TABLE>
<TABLE>
<CAPTION>


SERVICING INFORMATION:                                                                GROUP I                           GROUP II
----------------------                                                                -------                           --------
<S>                                                                                      <C>                              <C>
                   SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                  42,328.65                        20,007.70
                   PLUS:            ADDITIONAL SERVICING COMPENSATION                         0.00                             0.00
                   LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL                  0.00                             0.00
                                    DELINQUENT SERVICING FEES                             (805.84)                         (346.76)
                                                                                  -----------------                ----------------
                   SERVICING FEES COLLECTED FOR THE CURRENT DUE                          41,522.81                        19,660.94
                   PERIOD

                                                                                  =================                ================

                   ADVANCED PRINCIPAL                                                     1,493.12                         3,739.73
                   ADVANCED INTEREST                                                      9,071.73                         4,530.68

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                   Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  August 27, 2001

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

                                                  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                         83,293.54             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                      1,456,967.35             0.00                     0.00             0.00                        0.00
CLASS IA-6                        724,586.82             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                       380,922.01             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                     1,046,944.99             0.00                     0.00             0.00                        0.00
CLASS II-X                              0.00             0.00                     0.00             0.00                        0.00
CLASS II-PO                            18.31             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                    3,692,742.33             0.00                     0.00             0.00                        0.00
------------------------------------------------------------------------------------------------------------------------------------













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

                                    Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.

                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  August 27, 2001
------------------------------------------------------------------------------------------------------------------------------------

<S>                                                                                                     <C>
                   OTHER REPORTING ITEMS:

                   GROUP IA PERCENTAGE                                                                   93.349187%
                   GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                   GROUP IIA PERCENTAGE                                                                  96.366298%
                   GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,482.13
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                      9,846.76
                   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>

                                    Page 7 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>


<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00     49,843.25           0.00         0.00    8,861,022.47
IA-2-L       3,140,000.00       2,339,896.32     13,161.92      67,241.98     80,403.90           0.00         0.00    2,272,654.34
IA-3-L      15,156,755.00      15,156,755.00     57,216.75           0.00     57,216.75           0.00         0.00   15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5-L      73,500,000.00      26,387,974.26    148,432.36   1,176,194.17  1,324,626.53           0.00         0.00   25,211,780.09
IA-6-L      25,717,028.00      18,212,824.62    102,447.14     584,951.20    687,398.34           0.00         0.00   17,627,873.42
IA-8-L       2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9-L       3,929,529.00       3,929,529.00     50,143.60           0.00     50,143.60           0.00         0.00    3,929,529.00
IA-10-L     14,360,000.00      10,700,927.15     60,192.72     307,514.27    367,706.99           0.00         0.00   10,393,412.88
I-X-L*      10,385,155.00       5,372,395.55     30,219.72           0.00     30,219.72           0.00         0.00    5,229,015.57
I-PO-L          43,461.00          30,901.28          0.00          48.21         48.21           0.00         0.00       30,853.07
I-B-L        7,922,383.17       7,636,684.77     42,956.35       8,613.81     51,570.16           0.00         0.00    7,628,070.96
R-I                 50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17     117,580,850.42    661,218.47   2,144,563.64  2,805,782.11           0.00         0.00   115,292,906.80
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%       6.750000%
IA-2-L                            745.189911      4.191694      21.414643     25.606338     723.775268    6.750000%       6.750000%
IA-3-L                          1,000.000000      3.775000       0.000000      3.775000   1,000.000000    4.530000%       4.530000%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5-L                            359.020058      2.019488      16.002642     18.022130     343.017416    6.750000%       6.750000%
IA-6-L                            708.200987      3.983631      22.745677     26.729307     685.455311    6.750000%       6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9-L                          1,000.000000     12.760715       0.000000     12.760715   1,000.000000   15.312857%      15.312857%
IA-10-L                           745.189913      4.191694      21.414643     25.606336     723.775270    6.750000%       6.750000%
I-X-L*                            517.314912      2.909896       0.000000      2.909896     503.508669    6.750000%       6.750000%
I-PO-L                            711.011712      0.000000       1.109270      1.109270     709.902441    0.000000%       0.000000%
I-B-L                             963.937821      5.422150       1.087275      6.509425     962.850546    6.750000%       6.750000%
R-I                                 0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                          August 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                  September 25, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1-L    100,392,251.00      51,536,887.06    279,158.14   1,287,682.71  1,566,840.85           0.00         0.00   50,249,204.35
II-X-L*      2,345,961.00       1,129,682.55      6,119.11           0.00      6,119.11           0.00         0.00    1,098,252.45
II-PO-L        148,157.00         121,845.06          0.00         607.84        607.84           0.00         0.00      121,237.22
II-B-L       2,314,231.16       1,982,788.55     10,740.10       9,941.93     20,682.03           0.00         0.00    1,972,846.62
R-II                50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16      54,771,203.22    296,017.35   1,298,232.48  1,594,249.83          0.00          0.00   53,441,540.64
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                 PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S> <C>                           <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1-L                           513.355230      2.780674      12.826515     15.607189     500.528715    6.500000%       6.500000%
II-X-L*                           481.543619      2.608360       0.000000      2.608360     468.146082    6.500000%       6.500000%
II-PO-L                           822.405016      0.000000       4.102675      4.102675     818.302341    0.000000%       0.000000%
II-B-L                            856.780681      4.640893       4.295997      8.936890     852.484684    6.500000%       6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                          August 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                  September 25, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1        31,022,128.00       8,483,957.76     49,843.25           0.00     49,843.25           0.00         0.00    8,483,957.76
IA-2         3,140,000.00       2,339,896.32     13,161.92      67,241.98     80,403.90           0.00         0.00    2,272,654.34
IA-3        15,156,755.00      15,156,755.00     57,216.75           0.00     57,216.75           0.00         0.00   15,156,755.00
IA-4        18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5        73,500,000.00      26,387,974.26    148,432.36   1,176,194.17  1,324,626.53           0.00         0.00   25,211,780.09
IA-6        25,717,028.00      18,212,824.62    102,447.14     584,951.20    687,398.34           0.00         0.00   17,627,873.42
IA-7         1,378,761.00         377,064.71          0.00           0.00          0.00           0.00         0.00      377,064.71
IA-8         2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9         3,929,529.00       3,929,529.00     50,143.60           0.00     50,143.60           0.00         0.00    3,929,529.00
IA-10        4,600,000.00         940,927.15      5,175.10     307,514.27    312,689.37           0.00         0.00      633,412.88
IA-11        9,760,000.00       9,760,000.00     53,680.00           0.00     53,680.00           0.00         0.00    9,760,000.00
IA-12*         319,111.11         237,798.38      1,337.62           0.00      1,337.62           0.00         0.00      237,798.38
I-X*        10,385,155.00       5,372,395.55     30,219.72           0.00     30,219.72           0.00         0.00    5,229,015.57
I-PO            43,461.00          30,901.28          0.00          48.21         48.21           0.00         0.00       30,853.07
I-M          3,664,102.00       3,531,966.51     19,867.31       3,983.89     23,851.20           0.00         0.00    3,527,982.62
IB-1         1,683,506.00       1,622,795.16      9,128.22       1,830.44     10,958.66           0.00         0.00    1,620,964.72
IB-2           891,268.00         859,126.97      4,832.59         969.05      5,801.64           0.00         0.00      858,157.92
IB-3           693,208.00         668,209.40      3,758.68         753.71      4,512.39           0.00         0.00      667,455.69
IB-4           495,148.00         477,291.91      2,684.77         538.36      3,223.13           0.00         0.00      476,753.55
IB-5           495,151.17         477,294.82      2,684.78         538.36      3,223.14           0.00         0.00      476,756.46

------------------------------------------------------------------------------------------------------------------------------------
TOTALS        **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                   PASS-THROUGH
                                       PRIOR                                                   CURRENT                    RATES
                                   PRINCIPAL                                                 PRINCIPAL
  CLASS             CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>               <C>             <C>            <C>           <C>          <C>           <C>             <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%       7.050000%
IA-2            055240DW2         745.189911      4.191694      21.414643     25.606338     723.775268    6.750000%       6.750000%
IA-3            055240DX0       1,000.000000      3.775000       0.000000      3.775000   1,000.000000    4.530000%       4.530000%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5            055240DZ5         359.020058      2.019488      16.002642     18.022130     343.017416    6.750000%       6.750000%
IA-6            055240EA9         708.200987      3.983631      22.745677     26.729307     685.455311    6.750000%       6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%       0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9            055240ED3       1,000.000000     12.760715       0.000000     12.760715   1,000.000000   15.312857%      15.312857%
IA-10           055240EE1         204.549380      1.125022      66.850928     67.975950     137.698452    6.600000%       6.600000%
IA-11           055240EF8       1,000.000000      5.500000       0.000000      5.500000   1,000.000000    6.600000%       6.600000%
IA-12*          055240EG6         745.189912      4.191706       0.000000      4.191706     745.189912    6.750000%       6.750000%
I-X*            055240EJ0         517.314912      2.909896       0.000000      2.909896     503.508669    6.750000%       6.750000%
I-PO            055240EL5         711.011712      0.000000       1.109270      1.109270     709.902441    0.000000%       0.000000%
I-M             055240EN1         963.937824      5.422150       1.087276      6.509426     962.850548    6.750000%       6.750000%
IB-1            055240EP6         963.937854      5.422149       1.087279      6.509427     962.850575    6.750000%       6.750000%
IB-2            055240EQ4         963.937862      5.422151       1.087271      6.509423     962.850590    6.750000%       6.750000%
IB-3            055240EX9         963.937808      5.422153       1.087278      6.509432     962.850530    6.750000%       6.750000%
IB-4            055240EY7         963.937873      5.422157       1.087271      6.509427     962.850602    6.750000%       6.750000%
IB-5            055240EZ4         963.937579      5.422142       1.087264      6.509406     962.850315    6.750000%       6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                          August 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                  September 25, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1      100,392,251.00      51,536,887.06    279,158.14   1,287,682.71  1,566,840.85           0.00         0.00   50,249,204.35
II-X*        2,345,961.00       1,129,682.55      6,119.11           0.00      6,119.11           0.00         0.00    1,098,252.45
II-PO          148,157.00         121,845.06          0.00         607.84        607.84           0.00         0.00      121,237.22
IIM            874,264.00         749,052.47      4,057.37       3,755.84      7,813.21           0.00         0.00      745,296.63
IIB-1          462,846.00         396,557.50      2,148.02       1,988.38      4,136.40           0.00         0.00      394,569.12
IIB-2          308,564.00         264,371.69      1,432.01       1,325.59      2,757.60           0.00         0.00      263,046.10
IIB-3          308,564.00         264,371.69      1,432.01       1,325.59      2,757.60           0.00         0.00      263,046.10
IIB-4          154,282.00         132,185.84        716.01         662.80      1,378.81           0.00         0.00      131,523.04
IIB-5          205,711.16         176,249.36        954.68         883.73      1,838.41           0.00         0.00      175,365.63
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS     313,964,384.44     172,589,852.02    957,235.82   3,442,796.12  4,400,031.94           0.00         0.00  168,972,245.82
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
  CLASS             CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1           055240EH4         513.355230      2.780674      12.826515     15.607189     500.528715    6.500000%       6.500000%
II-X*           055240EK7         481.543619      2.608360       0.000000      2.608360     468.146082    6.500000%       6.500000%
II-PO           055240EM3         822.405016      0.000000       4.102675      4.102675     818.302341    0.000000%       0.000000%
IIM             055240ER2         856.780641      4.640898       4.296002      8.936900     852.484639    6.500000%       6.500000%
IIB-1           055240ES0         856.780657      4.640896       4.295986      8.936882     852.484671    6.500000%       6.500000%
IIB-2           055240ET8         856.780733      4.640885       4.295997      8.936882     852.484736    6.500000%       6.500000%
IIB-3           055240FA8         856.780733      4.640885       4.295997      8.936882     852.484736    6.500000%       6.500000%
IIB-4           055240FB6         856.780700      4.640917       4.296029      8.936947     852.484671    6.500000%       6.500000%
IIB-5           055240FC4         856.780741      4.640876       4.295975      8.936851     852.484766    6.500000%       6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                          August 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                  September 25, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  September 25, 2001
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                          GROUP I                           GROUP II
--------------------------                                                          -------                           --------
<S>                                                                               <C>                                <C>
                   BEGINNING BALANCE OF POOL                                      112,208,455.31                     53,641,520.88
                   LESS:            SCHEDULED PRINCIPAL                             (126,569.92)                      (268,949.13)
                                    PRINCIPAL PREPAYMENTS                         (2,017,993.73)                    (1,029,283.35)
                                    REPURCHASES                                             0.00                              0.00
                                    LIQUIDATIONS                                            0.00                              0.00
                                    OTHER UNSCHEDULED PRINCIPAL                             0.00                              0.00
                                                                                -----------------                 -----------------
                   ENDING BALANCE OF POOL                                         110,063,891.66                     52,343,288.40
                                                                                =================                 =================

                   BEGINNING NUMBER OF LOANS IN POOL                                         366                               190
                   ENDING NUMBER OF LOANS IN POOL                                            360                               186

                   WEIGHTED AVERAGE REMAINING TERM TO MATURITY                               303                               133
                   WEIGHTED AVERAGE NET CONTRACT RATE                                  7.520449%                         7.062208%

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


</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                       LOANS         LOANS         LOANS
FORECLOSURE, AND REO                              30 TO 59       60 TO 89      90 PLUS          IN            IN           IN
LOAN INFORMATION *                                  DAYS           DAYS          DAYS       BANKRUPTCY   FORECLOSURE       REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>                <C>          <C>     <C>                 <C>           <C>
GROUP I            PRINCIPAL BALANCE                225,669.93         0.00         0.00    280,971.59          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.2050%      0.0000%      0.0000%       0.2553%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                           1            0            0             1             0             0
                        PERCENTAGE OF LOANS            0.2778%      0.0000%      0.0000%       0.2778%       0.0000%       0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II           PRINCIPAL BALANCE                      0.00         0.00         0.00          0.00          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.0000%      0.0000%      0.0000%       0.0000%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                           0            0            0             0             0             0
                        PERCENTAGE OF LOANS            0.0000%      0.0000%      0.0000%       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
</TABLE>
<TABLE>
<CAPTION>

SERVICING INFORMATION:                                                              GROUP I                           GROUP II
----------------------                                                              -------                           --------
<S>                                                                                    <C>                               <C>
                   SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                41,342.33                         19,359.36
                   PLUS:            ADDITIONAL SERVICING COMPENSATION                       0.00                              0.00
                   LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL          (7,843.48)                        (3,092.73)
                                    DELINQUENT SERVICING FEES                         (4,955.64)                        (3,154.64)
                                                                                -----------------                 -----------------
                   SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                 28,543.21                         13,111.99
                                                                                =================                 =================

                   ADVANCED PRINCIPAL                                                  14,553.05                         38,080.10
                   ADVANCED INTEREST                                                   75,304.51                         43,509.62

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>


                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  September 25, 2001
------------------------------------------------------------------------------------------------------------------------------------

                                               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                      63,529.74             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                   1,111,259.75             0.00                        0.00             0.00                   0.00
CLASS IA-6                     552,657.67             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                    290,537.26             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                  1,029,270.84             0.00                        0.00             0.00                   0.00
CLASS II-X                           0.00             0.00                        0.00             0.00                   0.00
CLASS II-PO                         12.51             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                 3,047,277.08             0.00                        0.00             0.00                   0.00
------------------------------------------------------------------------------------------------------------------------------------













------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  September 25, 2001

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

                   OTHER REPORTING ITEMS:
<S>                                                                                                     <C>
                   GROUP IA PERCENTAGE                                                                   93.192324%
                   GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                   GROUP IIA PERCENTAGE                                                                  96.295216%
                   GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,613.82
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                      9,941.93
                   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>
                                    Page 7 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>


<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.

                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------
                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
      CLASS    FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00     49,843.25           0.00         0.00    8,861,022.47
IA-2-L       3,140,000.00       2,272,654.34     12,783.68     114,319.74    127,103.42           0.00         0.00    2,158,334.60
IA-3-L      15,156,755.00      15,156,755.00     45,391.32           0.00     45,391.32           0.00         0.00   15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5-L      73,500,000.00      25,211,780.09    141,816.26   1,999,676.63  2,141,492.89           0.00         0.00   23,212,103.46
IA-6-L      25,717,028.00      17,627,873.42     99,156.79     994,489.90  1,093,646.69           0.00         0.00   16,633,383.52
IA-8-L       2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9-L       3,929,529.00       3,929,529.00     61,969.02           0.00     61,969.02           0.00         0.00    3,929,529.00
IA-10-L     14,360,000.00      10,393,412.88     58,462.95     522,812.57    581,275.52           0.00         0.00    9,870,600.31
I-X-L*      10,385,155.00       5,229,015.57     29,413.21           0.00     29,413.21           0.00         0.00    5,025,698.21
I-PO-L          43,461.00          30,853.07          0.00          48.48         48.48           0.00         0.00       30,804.59
I-B-L        7,922,383.17       7,628,070.96     42,907.91       8,580.57     51,488.48           0.00         0.00    7,619,490.39
R-I                 50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17  115,292,906.80       648,349.05   3,639,927.89  4,288,276.94           0.00         0.00  111,449,661.55
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%       6.750000%
IA-2-L                            723.775268      4.071236      36.407561     40.478796     687.367707    6.750000%       6.750000%
IA-3-L                          1,000.000000      2.994791       0.000000      2.994791   1,000.000000    3.593750%       3.357500%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5-L                            343.017416      1.929473      27.206485     29.135958     315.810931    6.750000%       6.750000%
IA-6-L                            685.455311      3.855686      38.670483     42.526169     646.784828    6.750000%       6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9-L                          1,000.000000     15.770088       0.000000     15.770088   1,000.000000   18.924107%      19.835357%
IA-10-L                           723.775270      4.071236      36.407561     40.478797     687.367710    6.750000%       6.750000%
I-X-L*                            503.508669      2.832236       0.000000      2.832236     483.930977    6.750000%       6.750000%
I-PO-L                            709.902441      0.000000       1.115483      1.115483     708.786958    0.000000%       0.000000%
I-B-L                             962.850546      5.416036       1.083079      6.499115     961.767466    6.750000%       6.750000%
R-I                                 0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                        September 28, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   October 25, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
  CLASS        FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1-L    100,392,251.00      50,249,204.35    272,183.19   1,560,894.96  1,833,078.15           0.00         0.00   48,688,309.39
II-X-L*      2,345,961.00       1,098,252.45      5,948.87           0.00      5,948.87           0.00         0.00    1,048,811.19
II-PO-L        148,157.00         121,237.22          0.00         616.93        616.93           0.00         0.00      120,620.29
II-B-L       2,314,231.16       1,972,846.62     10,686.25       9,993.17     20,679.42           0.00         0.00    1,962,853.45
R-II                50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16      53,441,540.64    288,818.31   1,571,505.06  1,860,323.37           0.00         0.00   51,820,594.32
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                 RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>               <C>            <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1-L                           500.528715      2.711197      15.547963     18.259160     484.980752    6.500000%       6.500000%
II-X-L*                           468.146082      2.535792       0.000000      2.535792     447.071025    6.500000%       6.500000%
II-PO-L                           818.302341      0.000000       4.164029      4.164029     814.138313    0.000000%       0.000000%
II-B-L                            852.484684      4.617624       4.318138      8.935762     848.166546    6.500000%       6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                        September 28, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   October 25, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS        FACE VALUE            BALANCE       INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1        31,022,128.00       8,483,957.76     49,843.25           0.00     49,843.25           0.00         0.00    8,483,957.76
IA-2         3,140,000.00       2,272,654.34     12,783.68     114,319.74    127,103.42           0.00         0.00    2,158,334.60
IA-3        15,156,755.00      15,156,755.00     45,391.32           0.00     45,391.32           0.00         0.00   15,156,755.00
IA-4        18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5        73,500,000.00      25,211,780.09    141,816.26   1,999,676.63  2,141,492.89           0.00         0.00   23,212,103.46
IA-6        25,717,028.00      17,627,873.42     99,156.79     994,489.90  1,093,646.69           0.00         0.00   16,633,383.52
IA-7         1,378,761.00         377,064.71          0.00           0.00          0.00           0.00         0.00      377,064.71
IA-8         2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9         3,929,529.00       3,929,529.00     61,969.02           0.00     61,969.02           0.00         0.00    3,929,529.00
IA-10        4,600,000.00         633,412.88      3,483.77     522,812.57    526,296.34           0.00         0.00      110,600.31
IA-11        9,760,000.00       9,760,000.00     53,680.00           0.00     53,680.00           0.00         0.00    9,760,000.00
IA-12*          19,111.11         230,964.73      1,299.18           0.00      1,299.18           0.00         0.00      230,964.73
I-X*        10,385,155.00       5,229,015.57     29,413.21           0.00     29,413.21           0.00         0.00    5,025,698.21
I-PO            43,461.00          30,853.07          0.00          48.48         48.48           0.00         0.00       30,804.59
I-M          3,664,102.00       3,527,982.62     19,844.90       3,968.52     23,813.42           0.00         0.00    3,524,014.10
IB-1         1,683,506.00       1,620,964.72      9,117.93       1,823.37     10,941.30           0.00         0.00    1,619,141.35
IB-2           891,268.00         858,157.92      4,827.14         965.31      5,792.45           0.00         0.00      857,192.61
IB-3           693,208.00         667,455.69      3,754.44         750.80      4,505.24           0.00         0.00      666,704.89
IB-4           495,148.00         476,753.55      2,681.74         536.28      3,218.02           0.00         0.00      476,217.27
IB-5           495,151.17         476,756.46      2,681.76         536.29      3,218.05           0.00         0.00      476,220.17

------------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>            <C>           <C>          <C>           <C>             <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%       7.050000%
IA-2            055240DW2         723.775268      4.071236      36.407561     40.478796     687.367707    6.750000%       6.750000%
IA-3            055240DX0       1,000.000000      2.994791       0.000000      2.994791   1,000.000000    3.593750%       3.357500%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5            055240DZ5         343.017416      1.929473      27.206485     29.135958     315.810931    6.750000%       6.750000%
IA-6            055240EA9         685.455311      3.855686      38.670483     42.526169     646.784828    6.750000%       6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%       0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9            055240ED3       1,000.000000     15.770088       0.000000     15.770088   1,000.000000   18.924107%      19.835357%
IA-10           055240EE1         137.698452      0.757341     113.654907    114.412248      24.043546    6.600000%       6.600000%
IA-11           055240EF8       1,000.000000      5.500000       0.000000      5.500000   1,000.000000    6.600000%       6.600000%
IA-12*          055240EG6         723.775271      4.071247       0.000000      4.071247     723.775271    6.750000%       6.750000%
I-X*            055240EJ0         503.508669      2.832236       0.000000      2.832236     483.930977    6.750000%       6.750000%
I-PO            055240EL5         709.902441      0.000000       1.115483      1.115483     708.786958    0.000000%       0.000000%
I-M             055240EN1         962.850548      5.416034       1.083081      6.499115     961.767467    6.750000%       6.750000%
IB-1            055240EP6         962.850575      5.416037       1.083079      6.499116     961.767496    6.750000%       6.750000%
IB-2            055240EQ4         962.850590      5.416036       1.083075      6.499111     961.767515    6.750000%       6.750000%
IB-3            055240EX9         962.850530      5.416037       1.083080      6.499117     961.767449    6.750000%       6.750000%
IB-4            055240EY7         962.850602      5.416037       1.083070      6.499107     961.767532    6.750000%       6.750000%
IB-5            055240EZ4         962.850315      5.416043       1.083083      6.499126     961.767232    6.750000%       6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                        September 28, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   October 25, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1      100,392,251.00      50,249,204.35    272,183.19   1,560,894.96  1,833,078.15           0.00         0.00   48,688,309.39
II-X*        2,345,961.00       1,098,252.45      5,948.87           0.00      5,948.87           0.00         0.00    1,048,811.19
II-PO          148,157.00         121,237.22          0.00         616.93        616.93           0.00         0.00      120,620.29
IIM            874,264.00         745,296.63      4,037.02       3,775.20      7,812.22           0.00         0.00      741,521.43
IIB-1          462,846.00         394,569.12      2,137.25       1,998.63      4,135.88           0.00         0.00      392,570.49
IIB-2          308,564.00         263,046.10      1,424.83       1,332.42      2,757.25           0.00         0.00      261,713.68
IIB-3          308,564.00         263,046.10      1,424.83       1,332.42      2,757.25           0.00         0.00      261,713.68
IIB-4          154,282.00         131,523.04        712.42         666.21      1,378.63           0.00         0.00      130,856.83
IIB-5          205,711.16         175,365.63        949.90         888.29      1,838.19           0.00         0.00      174,477.34
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS     313,964,384.44     168,965,412.17    937,167.36   5,211,432.95  6,148,600.31           0.00         0.00   63,501,220.60
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1           055240EH4         500.528715      2.711197      15.547963     18.259160     484.980752    6.500000%       6.500000%
II-X*           055240EK7         468.146082      2.535792       0.000000      2.535792     447.071025    6.500000%       6.500000%
II-PO           055240EM3         818.302341      0.000000       4.164029      4.164029     814.138313    0.000000%       0.000000%
IIM             055240ER2         852.484639      4.617621       4.318146      8.935768     848.166492    6.500000%       6.500000%
IIB-1           055240ES0         852.484671      4.617627       4.318132      8.935758     848.166539    6.500000%       6.500000%
IIB-2           055240ET8         852.484736      4.617616       4.318132      8.935748     848.166604    6.500000%       6.500000%
IIB-3           055240FA8         852.484736      4.617616       4.318132      8.935748     848.166604    6.500000%       6.500000%
IIB-4           055240FB6         852.484671      4.617648       4.318132      8.935780     848.166539    6.500000%       6.500000%
IIB-5           055240FC4         852.484766      4.617640       4.318142      8.935782     848.166624    6.500000%       6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                        September 28, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   October 25, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  October 25, 2001
------------------------------------------------------------------------------------------------------------------------------------

MORTGAGE POOL INFORMATION:                                                          GROUP I                           GROUP II
--------------------------                                                          -------                           --------

<S>                                                                               <C>                                <C>
                   BEGINNING BALANCE OF POOL                                      110,063,891.66                     52,343,288.40
                   LESS:            SCHEDULED PRINCIPAL                             (123,811.75)                      (265,122.00)
                                    PRINCIPAL PREPAYMENTS                         (3,516,116.14)                    (1,306,383.06)
                                    REPURCHASES                                             0.00                              0.00
                                    LIQUIDATIONS                                            0.00                              0.00
                                    OTHER UNSCHEDULED PRINCIPAL                             0.00                              0.00
                                                                                -----------------                 -----------------
                   ENDING BALANCE OF POOL                                         106,423,963.77                     50,771,783.34
                                                                                =================                 =================

                   BEGINNING NUMBER OF LOANS IN POOL                                         360                               186
                   ENDING NUMBER OF LOANS IN POOL                                            349                               182

                   WEIGHTED AVERAGE REMAINING TERM TO MATURITY                               302                               132
                   WEIGHTED AVERAGE NET CONTRACT RATE                                  7.514600%                         7.057513%

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



</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                       LOANS         LOANS          LOANS
FORECLOSURE, AND REO                              30 TO 59       60 TO 89      90 PLUS          IN            IN            IN
LOAN INFORMATION *                                  DAYS           DAYS          DAYS       BANKRUPTCY   FORECLOSURE        REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>                <C>          <C>     <C>                 <C>           <C>
GROUP I            PRINCIPAL BALANCE                293,082.38         0.00         0.00    280,416.30          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.2754%      0.0000%      0.0000%       0.2635%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------

                   NUMBER OF LOANS                           1            0            0             1             0             0
                        PERCENTAGE OF LOANS            0.2865%      0.0000%      0.0000%       0.2865%       0.0000%       0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II           PRINCIPAL BALANCE                313,504.03         0.00         0.00          0.00          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.6175%      0.0000%      0.0000%       0.0000%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------

                   NUMBER OF LOANS                           1            0            0             0             0             0
                        PERCENTAGE OF LOANS            0.5495%      0.0000%      0.0000%       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
</TABLE>
<TABLE>
<CAPTION>

SERVICING INFORMATION:                                                              GROUP I                           GROUP II
----------------------                                                              -------                           --------
<S>                                                                                    <C>                               <C>
                   SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                40,247.73                         18,720.90
                   PLUS:            ADDITIONAL SERVICING COMPENSATION                       0.00                              0.00
                   LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (10,250.88)                        (4,145.24)
                                    DELINQUENT SERVICING FEES                         (6,034.96)                        (3,199.03)
                                                                                -----------------                 -----------------
                   SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                 23,961.89                         11,376.63
                                                                                =================                 =================

                   ADVANCED PRINCIPAL                                                  18,948.06                         44,799.33
                   ADVANCED INTEREST                                                   99,044.34                         50,158.49

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  October 25, 2001
------------------------------------------------------------------------------------------------------------------------------------

                                                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                     110,693.29             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                   1,936,242.92             0.00                       0.00              0.00                   0.00
CLASS IA-6                     962,942.71             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                    506,227.92             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                  1,306,364.75             0.00                       0.00              0.00                   0.00
CLASS II-X                           0.00             0.00                       0.00              0.00                   0.00
CLASS II-PO                         18.31             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                 4,822,499.20             0.00                       0.00              0.00                   0.00
------------------------------------------------------------------------------------------------------------------------------------













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

                                    Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.

                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  October 25, 2001
------------------------------------------------------------------------------------------------------------------------------------

                   OTHER REPORTING ITEMS:
<S>                                                                                                    <C>
                   GROUP IA PERCENTAGE                                                                   93.067472%
                   GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                   GROUP IIA PERCENTAGE                                                                  96.222196%
                   GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,580.57
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                      9,993.17
                   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>

                                    Page 7 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>


<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00     49,843.25           0.00         0.00    8,861,022.47
IA-2-L       3,140,000.00       2,158,334.60     12,140.63      96,825.13    108,965.76           0.00         0.00    2,061,509.47
IA-3-L      15,156,755.00      15,156,755.00     42,407.34           0.00     42,407.34           0.00         0.00   15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5-L      73,500,000.00      23,212,103.46    130,568.08   1,693,661.56  1,824,229.64           0.00         0.00   21,518,441.90
IA-6-L      25,717,028.00      16,633,383.52     93,562.78     842,300.86    935,863.64           0.00         0.00   15,791,082.66
IA-8-L       2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9-L       3,929,529.00       3,929,529.00     64,953.01           0.00     64,953.01           0.00         0.00    3,929,529.00
IA-10-L     14,360,000.00       9,870,600.31     55,522.13     442,805.38    498,327.51           0.00         0.00    9,427,794.93
I-X-L*      10,385,155.00       5,025,698.21     28,269.55           0.00     28,269.55           0.00         0.00    4,843,579.06
I-PO-L          43,461.00          30,804.59          0.00          48.76         48.76           0.00         0.00       30,755.83
I-B-L        7,922,383.17       7,619,490.39     42,859.64       8,578.45     51,438.09           0.00         0.00    7,610,911.94
R-I                 50.00               0.00          0.02           0.00          0.02           0.00         0.00            0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17     111,449,661.55    626,731.09   3,084,220.14  3,710,951.23           0.00         0.00   08,183,322.26
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                   RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%       6.750000%
IA-2-L                            687.367707      3.866443      30.836029     34.702471     656.531678    6.750000%       6.750000%
IA-3-L                          1,000.000000      2.797917       0.000000      2.797917   1,000.000000    3.357500%       3.058750%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5-L                            315.810931      1.776436      23.043014     24.819451     292.767917    6.750000%       6.750000%
IA-6-L                            646.784828      3.638165      32.752652     36.390816     614.032176    6.750000%       6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9-L                          1,000.000000     16.529464       0.000000     16.529464   1,000.000000   19.835357%      20.987679%
IA-10-L                           687.367710      3.866444      30.836029     34.702473     656.531680    6.750000%       6.750000%
I-X-L*                            483.930977      2.722112       0.000000      2.722112     466.394489    6.750000%       6.750000%
I-PO-L                            708.786958      0.000000       1.121925      1.121925     707.665033    0.000000%       0.000000%
I-B-L                             961.767466      5.409943       1.082812      6.492755     960.684655    6.750000%       6.750000%
R-I                                 0.000000      0.400000       0.000000      0.400000       0.000000    0.000000%       0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America            ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                               Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                       1761 E. St. Andrew
RECORD DATE:                                         October 31, 2001                                            Santa Ana, CA 92705
DISTRIBUTION DATE:                                   November 26, 2001               FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1-L    100,392,251.00      48,688,309.39    263,728.34   1,628,731.43  1,892,459.77           0.00         0.00   47,059,577.96
II-X-L*      2,345,961.00       1,048,811.19      5,681.06           0.00      5,681.06           0.00         0.00    1,015,389.48
II-PO-L        148,157.00         120,620.29          0.00         620.26        620.26           0.00         0.00      120,000.03
II-B-L       2,314,231.16       1,962,853.45     10,632.13      10,044.65     20,676.78           0.00         0.00    1,952,808.80
R-II                50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16      51,820,594.32    280,041.53   1,639,396.34  1,919,437.87           0.00         0.00   50,147,776.27
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                   RATES
                                   PRINCIPAL                                                 PRINCIPAL
      CLASS         CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1-L                           484.980752      2.626979      16.223677     18.850656     468.757075    6.500000%       6.500000%
II-X-L*                           447.071025      2.421634       0.000000      2.421634     432.824535    6.500000%       6.500000%
II-PO-L                           814.138313      0.000000       4.186505      4.186505     809.951808    0.000000%       0.000000%
II-B-L                            848.166546      4.594239       4.340383      8.934622     843.826163    6.500000%       6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         October 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                   November 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
CLASS          FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1        31,022,128.00       8,483,957.76     49,843.25           0.00     49,843.25           0.00         0.00    8,483,957.76
IA-2         3,140,000.00       2,158,334.60     12,140.63      96,825.13    108,965.76           0.00         0.00    2,061,509.47
IA-3        15,156,755.00      15,156,755.00     42,407.34           0.00     42,407.34           0.00         0.00   15,156,755.00
IA-4        18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5        73,500,000.00      23,212,103.46    130,568.08   1,693,661.56  1,824,229.64           0.00         0.00   21,518,441.90
IA-6        25,717,028.00      16,633,383.52     93,562.78     842,300.86    935,863.64           0.00         0.00   15,791,082.66
IA-7         1,378,761.00         377,064.71          0.00           0.00          0.00           0.00         0.00      377,064.71
IA-8         2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9         3,929,529.00       3,929,529.00     64,953.01           0.00     64,953.01           0.00         0.00    3,929,529.00
IA-10        4,600,000.00         110,600.31        608.30     110,600.31    111,208.61           0.00         0.00            0.00
IA-11        9,760,000.00       9,760,000.00     53,680.00     332,205.07    385,885.07           0.00         0.00    9,427,794.93
IA-12*         319,111.11         219,346.67      1,233.83           0.00      1,233.83           0.00         0.00      219,346.67
I-X*        10,385,155.00       5,025,698.21     28,269.55           0.00     28,269.55           0.00         0.00    4,843,579.06
I-PO            43,461.00          30,804.59          0.00          48.76         48.76           0.00         0.00       30,755.83
I-M          3,664,102.00       3,524,014.10     19,822.58       3,967.53     23,790.11           0.00         0.00    3,520,046.57
IB-1         1,683,506.00       1,619,141.35      9,107.67       1,822.92     10,930.59           0.00         0.00    1,617,318.43
IB-2           891,268.00         857,192.61      4,821.71         965.08      5,786.79           0.00         0.00      856,227.53
IB-3           693,208.00         666,704.89      3,750.22         750.61      4,500.83           0.00         0.00      665,954.28
IB-4           495,148.00         476,217.27      2,678.72         536.15      3,214.87           0.00         0.00      475,681.12
IB-5           495,151.17         476,220.17      2,678.74         536.16      3,214.90           0.00         0.00      475,684.01

------------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
 CLASS              CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>            <C>           <C>          <C>           <C>             <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%       7.050000%
IA-2            055240DW2         687.367707      3.866443      30.836029     34.702471     656.531678    6.750000%       6.750000%
IA-3            055240DX0       1,000.000000      2.797917       0.000000      2.797917   1,000.000000    3.357500%       3.058750%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5            055240DZ5         315.810931      1.776436      23.043014     24.819451     292.767917    6.750000%       6.750000%
IA-6            055240EA9         646.784828      3.638165      32.752652     36.390816     614.032176    6.750000%       6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%       0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9            055240ED3       1,000.000000     16.529464       0.000000     16.529464   1,000.000000   19.835357%      20.987679%
IA-10           055240EE1          24.043546      0.132239      24.043546     24.175785       0.000000    6.600000%       6.600000%
IA-11           055240EF8       1,000.000000      5.500000      34.037405     39.537405     965.962595    6.600000%       6.600000%
IA-12*          055240EG6         687.367701      3.866459       0.000000      3.866459     687.367701    6.750000%       6.750000%
I-X*            055240EJ0         483.930977      2.722112       0.000000      2.722112     466.394489    6.750000%       6.750000%
I-PO            055240EL5         708.786958      0.000000       1.121925      1.121925     707.665033    0.000000%       0.000000%
I-M             055240EN1         961.767467      5.409942       1.082811      6.492753     960.684656    6.750000%       6.750000%
IB-1            055240EP6         961.767496      5.409942       1.082812      6.492754     960.684684    6.750000%       6.750000%
IB-2            055240EQ4         961.767515      5.409944       1.082817      6.492761     960.684699    6.750000%       6.750000%
IB-3            055240EX9         961.767449      5.409949       1.082806      6.492755     960.684643    6.750000%       6.750000%
IB-4            055240EY7         961.767532      5.409938       1.082808      6.492746     960.684725    6.750000%       6.750000%
IB-5            055240EZ4         961.767232      5.409944       1.082821      6.492765     960.684411    6.750000%       6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         October 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                   November 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1      100,392,251.00      48,688,309.39    263,728.34   1,628,731.43  1,892,459.77           0.00         0.00   47,059,577.96
II-X*        2,345,961.00       1,048,811.19      5,681.06           0.00      5,681.06           0.00         0.00    1,015,389.48
II-PO          148,157.00         120,620.29          0.00         620.26        620.26           0.00         0.00      120,000.03
IIM            874,264.00         741,521.43      4,016.57       3,794.64      7,811.21           0.00         0.00      737,726.79
IIB-1          462,846.00         392,570.49      2,126.42       2,008.93      4,135.35           0.00         0.00      390,561.56
IIB-2          308,564.00         261,713.68      1,417.62       1,339.29      2,756.91           0.00         0.00      260,374.39
IIB-3          308,564.00         261,713.68      1,417.62       1,339.29      2,756.91           0.00         0.00      260,374.39
IIB-4          154,282.00         130,856.83        708.81         669.64      1,378.45           0.00         0.00      130,187.19
IIB-5          205,711.16         174,477.34        945.09         892.86      1,837.95           0.00         0.00      173,584.48
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS     313,964,384.44     163,489,602.54    906,772.60   4,723,616.48  5,630,389.08           0.00         0.00   58,550,445.20
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                   RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1           055240EH4         484.980752      2.626979      16.223677     18.850656     468.757075    6.500000%       6.500000%
II-X*           055240EK7         447.071025      2.421634       0.000000      2.421634     432.824535    6.500000%       6.500000%
II-PO           055240EM3         814.138313      0.000000       4.186505      4.186505     809.951808    0.000000%       0.000000%
IIM             055240ER2         848.166492      4.594230       4.340382      8.934612     843.826110    6.500000%       6.500000%
IIB-1           055240ES0         848.166539      4.594228       4.340385      8.934613     843.826154    6.500000%       6.500000%
IIB-2           055240ET8         848.166604      4.594249       4.340396      8.934646     843.826208    6.500000%       6.500000%
IIB-3           055240FA8         848.166604      4.594249       4.340396      8.934646     843.826208    6.500000%       6.500000%
IIB-4           055240FB6         848.166539      4.594249       4.340364      8.934613     843.826175    6.500000%       6.500000%
IIB-5           055240FC4         848.166624      4.594257       4.340358      8.934615     843.826266    6.500000%       6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         October 31, 2001                                           Santa Ana, CA 92705
DISTRIBUTION DATE:                                   November 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  November 26, 2001

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

MORTGAGE POOL INFORMATION:                                                          GROUP I                           GROUP II
--------------------------                                                          -------                           --------

<S>                                                                               <C>                                <C>
                   BEGINNING BALANCE OF POOL                                      106,423,963.77                     50,771,783.34
                   LESS:            SCHEDULED PRINCIPAL                             (119,822.83)                      (259,803.06)
                                    PRINCIPAL PREPAYMENTS                         (2,964,397.31)                    (1,379,593.29)
                                    REPURCHASES                                             0.00                              0.00
                                    LIQUIDATIONS                                            0.00                              0.00
                                    OTHER UNSCHEDULED PRINCIPAL                             0.00                              0.00
                                                                                -----------------                 -----------------
                   ENDING BALANCE OF POOL                                         103,339,743.63                     49,132,386.99
                                                                                =================                 =================

                   BEGINNING NUMBER OF LOANS IN POOL                                         349                               182
                   ENDING NUMBER OF LOANS IN POOL                                            338                               177

                   WEIGHTED AVERAGE REMAINING TERM TO MATURITY                               302                               131
                   WEIGHTED AVERAGE NET CONTRACT RATE                                  7.510089%                         7.050313%

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


</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                       LOANS         LOANS         LOANS
FORECLOSURE, AND REO                              30 TO 59       60 TO 89      90 PLUS          IN            IN           IN
LOAN INFORMATION *                                  DAYS           DAYS          DAYS       BANKRUPTCY   FORECLOSURE       REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>                <C>          <C>     <C>                 <C>           <C>
GROUP I            PRINCIPAL BALANCE                568,315.92         0.00         0.00    279,857.31          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.5499%      0.0000%      0.0000%       0.2708%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------

                   NUMBER OF LOANS                           2            0            0             1             0             0
                        PERCENTAGE OF LOANS            0.5917%      0.0000%      0.0000%       0.2959%       0.0000%       0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II           PRINCIPAL BALANCE                      0.00         0.00         0.00          0.00          0.00          0.00
                        PERCENTAGE OF GROUP BAL.       0.0000%      0.0000%      0.0000%       0.0000%       0.0000%       0.0000%
                   ----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                           0            0            0             0             0             0
                        PERCENTAGE OF LOANS            0.0000%      0.0000%      0.0000%       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
</TABLE>
<TABLE>
<CAPTION>


SERVICING INFORMATION:                                                              GROUP I                           GROUP II
----------------------                                                              -------                           --------
<S>                                                                                  <C>                                <C>
                   SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                38,693.07                         17,959.78
                   PLUS:            ADDITIONAL SERVICING COMPENSATION                       0.00                              0.00
                   LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (10,988.67)                        (2,098.09)
                                    DELINQUENT SERVICING FEES                         (6,121.53)                        (2,904.25)
                                                                                -----------------                 -----------------
                   SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                21,582.87                         12,957.44
                                                                                =================                 =================

                   ADVANCED PRINCIPAL                                                  15,501.40                         42,936.81
                   ADVANCED INTEREST                                                   84,878.86                         48,017.79

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

                                    Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>


                                                                BA MORTGAGE SECURITIES, INC.

                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  November 26, 2001

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

                                              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                      93,324.20             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                   1,632,423.44             0.00                        0.00             0.00                   0.00
CLASS IA-6                     811,845.59             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                    106,601.31             0.00                        0.00             0.00                   0.00
CLASS IA-11                    320,193.45             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                  1,379,574.98             0.00                        0.00             0.00                   0.00
CLASS II-X                           0.00             0.00                        0.00             0.00                   0.00
CLASS II-PO                         18.31             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                 4,343,990.60             0.00                        0.00             0.00                   0.00
------------------------------------------------------------------------------------------------------------------------------------













------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  November 26, 2001

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

                   OTHER REPORTING ITEMS:
<S>                                                                                                     <C>
                   GROUP IA PERCENTAGE                                                                   92.838364%
                   GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                   GROUP IIA PERCENTAGE                                                                  96.124762%
                   GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,578.45
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                     10,044.66
                   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>

                                    Page 7 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1-L      32,400,889.00       8,861,022.47     49,843.25           0.00     49,843.25           0.00         0.00    8,861,022.47
IA-2-L       3,140,000.00       2,061,509.47     11,595.99     172,519.89    184,115.88           0.00         0.00    1,888,989.58
IA-3-L      15,156,755.00      15,156,755.00     38,633.94           0.00     38,633.94           0.00         0.00   15,156,755.00
IA-4-L      18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5-L      73,500,000.00      21,518,441.90    121,041.24   3,017,711.44  3,138,752.68           0.00         0.00   18,500,730.46
IA-6-L      25,717,028.00      15,791,082.66     88,824.84   1,500,784.44  1,589,609.28           0.00         0.00   14,290,298.22
IA-8-L       2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9-L       3,929,529.00       3,929,529.00     68,726.41           0.00     68,726.41           0.00         0.00    3,929,529.00
IA-10-L     14,360,000.00       9,427,794.93     53,031.34     788,976.31    842,007.65           0.00         0.00    8,638,818.62
I-X-L*      10,385,155.00       4,843,579.06     27,245.13           0.00     27,245.13           0.00         0.00    4,554,679.95
I-PO-L          43,461.00          30,755.83          0.00          49.04         49.04           0.00         0.00       30,706.79
I-B-L        7,922,383.17       7,610,911.94     42,811.38       8,455.73     51,267.11           0.00         0.00    7,602,456.21
R-I                 50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00








------------------------------------------------------------------------------------------------------------------------------------
TOTALS     208,444,673.17     108,183,322.26    608,358.18   5,488,496.85  6,096,855.03           0.00         0.00  102,405,926.30
------------------------------------------------------------------------------------------------------------------------------------
* Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                   PASS-THROUGH
                                       PRIOR                                                   CURRENT                   RATES
                                   PRINCIPAL                                                 PRINCIPAL
 CLASS              CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>               <C>            <C>           <C>        <C>             <C>             <C>
IA-1-L                            273.480844      1.538330       0.000000      1.538330     273.480844    6.750000%       6.750000%
IA-2-L                            656.531678      3.692990      54.942640     58.635631     601.589038    6.750000%       6.750000%
IA-3-L                          1,000.000000      2.548959       0.000000      2.548959   1,000.000000    3.058750%       3.058750%
IA-4-L                          1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5-L                            292.767917      1.646820      41.057299     42.704118     251.710619    6.750000%       6.750000%
IA-6-L                            614.032176      3.453931      58.357616     61.811547     555.674560    6.750000%       6.750000%
IA-8-L                              0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9-L                          1,000.000000     17.489732       0.000000     17.489732   1,000.000000   20.987679%      20.987679%
IA-10-L                           656.531680      3.692990      54.942640     58.635630     601.589040    6.750000%       6.750000%
I-X-L*                            466.394489      2.623469       0.000000      2.623469     438.576020    6.750000%       6.750000%
I-PO-L                            707.665033      0.000000       1.128368      1.128368     706.536665    0.000000%       0.000000%
I-B-L                             960.684655      5.403851       1.067322      6.471173     959.617333    6.750000%       6.750000%
R-I                                 0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%


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.

------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         November 30, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   December 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 1 of 7 (C) COPYRIGHT 2001 Deutsche Bank

<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------

<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1-L    100,392,251.00      47,059,577.96    254,906.05   3,043,199.84  3,298,105.89           0.00         0.00   44,016,378.12
II-X-L*      2,345,961.00       1,015,389.48      5,500.03           0.00      5,500.03           0.00         0.00      942,782.67
II-PO-L        148,157.00         120,000.03          0.00         623.61        623.61           0.00         0.00      119,376.42
II-B-L       2,314,231.16       1,952,808.80     10,577.71       9,776.87     20,354.58           0.00         0.00    1,943,031.93
R-II                50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
















------------------------------------------------------------------------------------------------------------------------------------
TOTALS     105,200,650.16   50,147,776.27       270,983.79   3,053,600.32  3,324,584.11           0.00         0.00   47,021,569.14
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                  RATES
                                   PRINCIPAL                                                 PRINCIPAL
 CLASS              CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>                <C>            <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1-L                           468.757075      2.539101      30.313095     32.852196     438.443980    6.500000%       6.500000%
II-X-L*                           432.824535      2.344468       0.000000      2.344468     401.874827    6.500000%       6.500000%
II-PO-L                           809.951808      0.000000       4.209116      4.209116     805.742692    0.000000%       0.000000%
II-B-L                            843.826163      4.570723       4.224673      8.795396     839.601490    6.500000%       6.500000%
R-II                                0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%















------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         November 30, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   December 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 2 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENTS TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                 <C>              <C>                 <C>      <C>                 <C>          <C>     <C>
IA-1        31,022,128.00       8,483,957.76     49,843.25           0.00     49,843.25           0.00         0.00    8,483,957.76
IA-2         3,140,000.00       2,061,509.47     11,595.99     172,519.89    184,115.88           0.00         0.00    1,888,989.58
IA-3        15,156,755.00      15,156,755.00     38,633.94           0.00     38,633.94           0.00         0.00   15,156,755.00
IA-4        18,951,940.00      18,951,940.00    106,604.66           0.00    106,604.66           0.00         0.00   18,951,940.00
IA-5        73,500,000.00      21,518,441.90    121,041.24   3,017,711.44  3,138,752.68           0.00         0.00   18,500,730.46
IA-6        25,717,028.00      15,791,082.66     88,824.84   1,500,784.44  1,589,609.28           0.00         0.00   14,290,298.22
IA-7         1,378,761.00         377,064.71          0.00           0.00          0.00           0.00         0.00      377,064.71
IA-8         2,937,483.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00
IA-9         3,929,529.00       3,929,529.00     68,726.41           0.00     68,726.41           0.00         0.00    3,929,529.00
IA-10        4,600,000.00               0.00          0.00         (0.00)        (0.00)           0.00         0.00            0.00
IA-11        9,760,000.00       9,427,794.93     51,852.87     788,976.31    840,829.18           0.00         0.00    8,638,818.62
IA-12*         319,111.11         209,506.55      1,178.47           0.00      1,178.47           0.00         0.00      209,506.55
I-X*        10,385,155.00       4,843,579.06     27,245.13           0.00     27,245.13           0.00         0.00    4,554,679.95
I-PO            43,461.00          30,755.83          0.00          49.04         49.04           0.00         0.00       30,706.79
I-M          3,664,102.00       3,520,046.57     19,800.26       3,910.78     23,711.04           0.00         0.00    3,516,135.79
IB-1         1,683,506.00       1,617,318.43      9,097.42       1,796.84     10,894.26           0.00         0.00    1,615,521.59
IB-2           891,268.00         856,227.53      4,816.28         951.27      5,767.55           0.00         0.00      855,276.26
IB-3           693,208.00         665,954.28      3,745.99         739.87      4,485.86           0.00         0.00      665,214.41
IB-4           495,148.00         475,681.12      2,675.71         528.48      3,204.19           0.00         0.00      475,152.64
IB-5           495,151.17         475,684.01      2,675.72         528.49      3,204.21           0.00         0.00      475,155.52

------------------------------------------------------------------------------------------------------------------------------------
TOTALS             **See summary of balances on next page.
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                 RATES
                                   PRINCIPAL                                                 PRINCIPAL
CLASS               CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------

<S>             <C>               <C>             <C>            <C>           <C>          <C>           <C>             <C>
IA-1            055240DV4         273.480844      1.606700       0.000000      1.606700     273.480844    7.050000%       7.050000%
IA-2            055240DW2         656.531678      3.692990      54.942640     58.635631     601.589038    6.750000%       6.750000%
IA-3            055240DX0       1,000.000000      2.548959       0.000000      2.548959   1,000.000000    3.058750%       3.058750%
IA-4            055240DY8       1,000.000000      5.625000       0.000000      5.625000   1,000.000000    6.750000%       6.750000%
IA-5            055240DZ5         292.767917      1.646820      41.057299     42.704118     251.710619    6.750000%       6.750000%
IA-6            055240EA9         614.032176      3.453931      58.357616     61.811547     555.674560    6.750000%       6.750000%
IA-7            055240EB7         273.480835      0.000000       0.000000      0.000000     273.480835    0.000000%       0.000000%
IA-8            055240EC5           0.000000      0.000000       0.000000      0.000000       0.000000    6.750000%       6.750000%
IA-9            055240ED3       1,000.000000     17.489732       0.000000     17.489732   1,000.000000   20.987679%      20.987679%
IA-10           055240EE1           0.000000      0.000000     (0.000000)    (0.000000)       0.000000    6.600000%       6.600000%
IA-11           055240EF8         965.962595      5.312794      80.837737     86.150531     885.124859    6.600000%       6.600000%
IA-12*          055240EG6         656.531670      3.692977       0.000000      3.692977     656.531670    6.750000%       6.750000%
I-X*            055240EJ0         466.394489      2.623469       0.000000      2.623469     438.576020    6.750000%       6.750000%
I-PO            055240EL5         707.665033      0.000000       1.128368      1.128368     706.536665    0.000000%       0.000000%
I-M             055240EN1         960.684656      5.403851       1.067323      6.471174     959.617333    6.750000%       6.750000%
IB-1            055240EP6         960.684684      5.403854       1.067320      6.471174     959.617364    6.750000%       6.750000%
IB-2            055240EQ4         960.684699      5.403852       1.067322      6.471174     959.617377    6.750000%       6.750000%
IB-3            055240EX9         960.684643      5.403847       1.067313      6.471160     959.617330    6.750000%       6.750000%
IB-4            055240EY7         960.684725      5.403859       1.067317      6.471176     959.617407    6.750000%       6.750000%
IB-5            055240EZ4         960.684411      5.403845       1.067331      6.471175     959.617080    6.750000%       6.750000%
------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           DMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                             Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                     1761 E. St. Andrew
RECORD DATE:                                         November 30, 2001                                         Santa Ana, CA 92705
DISTRIBUTION DATE:                                   December 26, 2001             FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 3 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

 Statements are available online at http://www-apps.gis.deutsche-bank.com/invr. Statement posting begins 7:00 PM Eastern time
                                                         the business day prior to distribution.
------------------------------------------------------------------------------------------------------------------------------------

                                                                  DISTRIBUTIONS IN DOLLARS

                                       PRIOR                                                                                CURRENT
                 ORIGINAL          PRINCIPAL                                                  REALIZED     DEFERRED       PRINCIPAL
 CLASS         FACE VALUE            BALANCE      INTEREST      PRINCIPAL         TOTAL         LOSSES     INTEREST         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>                 <C>              <C>          <C>           <C>                    <C>          <C>    <C>
IIA-1      100,392,251.00      47,059,577.96    254,906.05   3,043,199.84  3,298,105.89           0.00         0.00   44,016,378.12
II-X*        2,345,961.00       1,015,389.48      5,500.03           0.00      5,500.03           0.00         0.00      942,782.67
II-PO          148,157.00         120,000.03          0.00         623.61        623.61           0.00         0.00      119,376.42
IIM            874,264.00         737,726.79      3,996.02       3,693.50      7,689.52           0.00         0.00      734,033.29
IIB-1          462,846.00         390,561.56      2,115.54       1,955.37      4,070.91           0.00         0.00      388,606.19
IIB-2          308,564.00         260,374.39      1,410.36       1,303.58      2,713.94           0.00         0.00      259,070.81
IIB-3          308,564.00         260,374.39      1,410.36       1,303.58      2,713.94           0.00         0.00      259,070.81
IIB-4          154,282.00         130,187.19        705.18         651.79      1,356.97           0.00         0.00      129,535.40
IIB-5          205,711.16         173,584.48        940.25         869.05      1,809.30           0.00         0.00      172,715.43
R-III               50.00               0.00          0.00           0.00          0.00           0.00         0.00            0.00











------------------------------------------------------------------------------------------------------------------------------------
TOTALS     313,964,384.44     158,540,605.08    879,341.97   8,542,097.17  9,421,439.14           0.00         0.00  149,637,001.99
------------------------------------------------------------------------------------------------------------------------------------
*Represents notional balance
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                      FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH
                                       PRIOR                                                   CURRENT                   RATES
                                   PRINCIPAL                                                 PRINCIPAL
 CLASS              CUSIP            BALANCE      INTEREST      PRINCIPAL         TOTAL        BALANCE      CURRENT            NEXT
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>               <C>             <C>           <C>           <C>           <C>           <C>             <C>
IIA-1           055240EH4         468.757075      2.539101      30.313095     32.852196     438.443980    6.500000%       6.500000%
II-X*           055240EK7         432.824535      2.344468       0.000000      2.344468     401.874827    6.500000%       6.500000%
II-PO           055240EM3         809.951808      0.000000       4.209116      4.209116     805.742692    0.000000%       0.000000%
IIM             055240ER2         843.826110      4.570725       4.224696      8.795421     839.601413    6.500000%       6.500000%
IIB-1           055240ES0         843.826154      4.570721       4.224667      8.795388     839.601487    6.500000%       6.500000%
IIB-2           055240ET8         843.826208      4.570721       4.224667      8.795388     839.601541    6.500000%       6.500000%
IIB-3           055240FA8         843.826208      4.570721       4.224667      8.795388     839.601541    6.500000%       6.500000%
IIB-4           055240FB6         843.826175      4.570721       4.224667      8.795388     839.601509    6.500000%       6.500000%
IIB-5           055240FC4         843.826266      4.570729       4.224613      8.795342     839.601653    6.500000%       6.500000%
R-III           055240EW1           0.000000      0.000000       0.000000      0.000000       0.000000    0.000000%       0.000000%










------------------------------------------------------------------------------------------------------------------------------------
SELLER:                                               Bank of America           ADMINISTRATOR:                      Eiko Akiyama
SERVICER:                                             Bank of America                                              Deutsche Bank
LEAD UNDERWRITER:                              Donaldson, Lufkin & Jenrette                                      1761 E. St. Andrew
RECORD DATE:                                         November 30, 2001                                          Santa Ana, CA 92705
DISTRIBUTION DATE:                                   December 26, 2001              FACTOR INFORMATION:            (800) 735-7777
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    Page 4 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  December 26, 2001

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

MORTGAGE POOL INFORMATION:                                                          GROUP I                           GROUP II
--------------------------                                                          -------                           --------
<S>                                                                               <C>                                <C>
                   BEGINNING BALANCE OF POOL                                      103,339,743.63                     49,132,386.99
                   LESS:            SCHEDULED PRINCIPAL                             (114,816.00)                      (245,989.51)
                                    PRINCIPAL PREPAYMENTS                         (5,373,680.84)                    (2,807,610.82)
                                    REPURCHASES                                             0.00                              0.00
                                    LIQUIDATIONS                                            0.00                              0.00
                                    OTHER UNSCHEDULED PRINCIPAL                             0.00                              0.00
                                                                                -----------------                 -----------------
                   ENDING BALANCE OF POOL                                          97,851,246.79                     46,078,786.66
                                                                                =================                 =================

                   BEGINNING NUMBER OF LOANS IN POOL                                         338                               177
                   ENDING NUMBER OF LOANS IN POOL                                            320                               167

                   WEIGHTED AVERAGE REMAINING TERM TO MATURITY                               300                               130
                   WEIGHTED AVERAGE NET CONTRACT RATE                                  7.506744%                         7.044051%

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

</TABLE>

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------------------------------------
DELINQUENT, BANKRUPTCY,                                                                       LOANS            LOANS       LOANS
FORECLOSURE, AND REO                               30 TO 59      60 TO 89      90 PLUS          IN               IN         IN
LOAN INFORMATION *                                   DAYS          DAYS          DAYS       BANKRUPTCY      FORECLOSURE     REO
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>            <C>        <C>           <C>          <C>            <C>
GROUP I            PRINCIPAL BALANCE                      0.00           0.00       0.00    279,294.60         0.00           0.00
                        PERCENTAGE OF GROUP BAL.       0.0000%        0.0000%    0.0000%       0.2854%      0.0000%        0.0000%
                   ----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                           0              0          0             1            0              0
                        PERCENTAGE OF LOANS            0.0000%        0.0000%    0.0000%       0.3125%      0.0000%        0.0000%
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROUP II           PRINCIPAL BALANCE                      0.00           0.00       0.00          0.00         0.00           0.00
                        PERCENTAGE OF GROUP BAL.       0.0000%        0.0000%    0.0000%       0.0000%      0.0000%        0.0000%
                   ----------------------------------------------------------------------------------------------------------------
                   NUMBER OF LOANS                           0              0          0             0            0              0
                        PERCENTAGE OF LOANS            0.0000%        0.0000%    0.0000%       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
</TABLE>
<TABLE>
<CAPTION>



SERVICING INFORMATION:                                                              GROUP I                           GROUP II
----------------------                                                              -------                           --------
<S>                                                                                  <C>                                <C>
                   SERVICING FEES ACCRUED DURING THE CURRENT DUE PERIOD                37,493.55                         17,138.82
                   PLUS:            ADDITIONAL SERVICING COMPENSATION                       0.00                              0.00
                   LESS:            AMTS. TO COVER PREPAYMENT INT. SHORTFALL         (13,866.82)                        (9,328.61)
                                    DELINQUENT SERVICING FEES                         (4,366.76)                        (2,555.36)
                                                                                -----------------                 -----------------
                   SERVICING FEES COLLECTED FOR THE CURRENT DUE PERIOD                 19,259.97                          5,254.85
                                                                                =================                 =================

                   ADVANCED PRINCIPAL                                                  11,741.61                         37,195.50
                   ADVANCED INTEREST                                                   64,144.99                         40,534.76

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

                                    Page 5 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>

                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                               STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  December 26, 2001

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

                                              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                     169,172.73             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                   2,959,163.05             0.00                        0.00             0.00                  0.00
CLASS IA-6                   1,471,666.84             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                        (0.00)             0.00                        0.00             0.00                  0.00
CLASS IA-11                    773,668.92             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                  2,807,592.51             0.00                        0.00             0.00                  0.00
CLASS II-X                           0.00             0.00                        0.00             0.00                  0.00
CLASS II-PO                         18.31             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                 8,181,291.66             0.00                        0.00             0.00                  0.00
------------------------------------------------------------------------------------------------------------------------------------













------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                    Page 6 of 7 (C) COPYRIGHT 2001 Deutsche Bank
<PAGE>
<TABLE>
<CAPTION>
                                                                BA MORTGAGE SECURITIES, INC.
                                                             MORTGAGE PASS-THROUGH CERTIFICATES
                                                                       SERIES 1998-2

                                                              STATEMENT TO CERTIFICATEHOLDERS

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

Distribution Date:                  December 26, 2001

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


                   OTHER REPORTING ITEMS:
<S>                                                                                                     <C>
                   GROUP IA PERCENTAGE                                                                   92.632865%
                   GROUP IA PREPAYMENT PERCENTAGE                                                       100.000000%
                   GROUP IIA PERCENTAGE                                                                  96.015683%
                   GROUP IIA PREPAYMENT PERCENTAGE                                                      100.000000%

                   GROUP I SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                       8,455.72
                   GROUP II SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT                                      9,776.88
                   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>
                                   Page 7 of 7 (C) COPYRIGHT  2001 Deutsche Bank