Santander Drive Auto Receivables Trust 2016-2 - FORM 8-K - EX-99.1 - May 16, 2016

Attached files

file filename
EX-10.3 - EX-10.3 - Santander Drive Auto Receivables Trust 2016-2d309702dex103.htm
8-K - 8-K - Santander Drive Auto Receivables Trust 2016-2d309702d8k.htm
EX-4.1 - EX-4.1 - Santander Drive Auto Receivables Trust 2016-2d309702dex41.htm
EX-10.1 - EX-10.1 - Santander Drive Auto Receivables Trust 2016-2d309702dex101.htm
EX-10.2 - EX-10.2 - Santander Drive Auto Receivables Trust 2016-2d309702dex102.htm
EX-10.4 - EX-10.4 - Santander Drive Auto Receivables Trust 2016-2d309702dex104.htm
EX-10.5 - EX-10.5 - Santander Drive Auto Receivables Trust 2016-2d309702dex105.htm

Exhibit 99.1

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Composition of the Pool of Receivables

As of the Cut-off Date

 

     New    Used    Total

Aggregate Outstanding Principal Balance

    $463,668,364.24    $884,653,251.96    $1,348,321,616.20

Number of Receivables

    18,507    54,858    73,365

Percentage of Aggregate Outstanding Principal Balance

    34.39%    65.61%    100.00%

Average Outstanding Principal Balance

    $25,053.68    $16,126.24    $18,378.27

Range of Outstanding Principal Balances

    $523.53 to $102,647.00    $526.34 to $98,426.32    $523.53 to $102,647.00

Weighted Average Contract Rate(1)

    13.94%    17.07%    15.99%

Range of Contract Rates

    0.00% to 27.99%    0.00% to 28.73%    0.00% to 28.73%

Weighted Average Remaining Term(1)

    70 months    67 months    68 months

Range of Remaining Terms

    4 months to 75 months    4 months to 72 months    4 months to 75 months

Weighted Average Original Term(1)

    72 months    70 months    71 months

Range of Original Terms

    24 months to 75 months    24 months to 72 months    24 months to 75 months

 

(1)  Weighted by outstanding principal balance as of the cut-off date.

Distribution of the Pool of Receivables

By Loan-to-Value Ratio

As of the Cut-off Date

 

LTV Range(1)

    Number of
Receivables		      Percentage of
Total Number of
Receivables(2)		     Aggregate Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(2)		  

Less than 100.00%

      23,028         31.39 %    $ 415,158,581.07         30.79 % 

100.00% - 109.99%

      17,412         23.73        332,204,651.27         24.64   

110.00% - 119.99%

      16,432         22.40        303,762,970.70         22.53   

120.00% - 129.99%

      9,798         13.36        175,947,947.46         13.05   

130.00% - 139.99%

      5,825         7.94        105,407,935.48         7.82   

140.00% - 149.99%

      701         0.96        12,448,575.64         0.92   

150.00% and greater

      169         0.23        3,390,954.58         0.25   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  LTV for receivables originated by Santander Consumer USA Inc. (“SC”) is calculated using total amount financed, which may include taxes, title fees and ancillary products, over the book value of the financed vehicle. Book value is determined by SC in accordance with its origination policy, and no assurance can be given that the book value is reflective of the value of the financed vehicle at any time. LTV for receivables acquired by SC from an unaffiliated third-party originator were calculated based solely on the applicable originator’s definition and methodology, and no assurance can be given that the value assigned by the applicable originator to the related financed vehicle is reflective of the value of that financed vehicle at any time.
(2)  Sum of percentages may not equal 100% due to rounding.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables

By FICO® Score

As of the Cut-off Date

 

FICO® Score(1) Range

    Percentage of Total
Aggregate Outstanding
Principal Balance(2)		  

1 - 500

      1.06 % 

501 - 550

      10.22   

551 - 600

      33.21   

601 - 650

      31.27   

651 and higher

      9.23   

Null FICO® Score

      15.01   
  

 

 

  

Total

      100.00 % 
  

 

 

  

 

(1)  FICO® is a federally registered trademark of Fair, Isaac & Company. The FICO® score information in the table above was obtained at origination of the applicable receivables and does not reflect the FICO® scores of the obligors as of the cut-off date. A FICO® score is a measurement determined by Fair, Isaac & Company using information collected by the major credit bureaus to assess credit risk. FICO® scores should not necessarily be relied upon as a meaningful predictor of the performance of the receivables. See “Risk Factors—Credit scores, loss forecasting scores and historical loss experience may not accurately predict the likelihood of delinquencies, defaults and losses on the receivables” in the Prospectus.
(2)  Sum of percentages may not equal 100% due to rounding.

Distribution of the Pool of Receivables

By Loss Forecasting Score

As of the Cut-off Date

 

SC Loss
Forecasting Score(1)

    Percentage of Total
Aggregate Outstanding
Principal Balance(2)		  

450 and lower

      0.80 % 

451 - 500

      17.02   

501 - 550

      35.23   

551 - 600

      30.56   

601 - 650

      10.84   

651 - 700

      3.89   

701 - 750

      1.23   

751 and higher

      0.43   
  

 

 

  

Total

      100.00 % 
  

 

 

  

 

(1)  The loss forecasting score is a proprietary score used by SC. Under SC’s scoring model, a loss forecasting score ranges from 1 to 999, with a score of 1 indicating a very high predicted likelihood of loss and a score of 999 indicating a very low predicted likelihood of loss. The range of scores for SC’s proprietary loss forecasting system is not comparable to a score from a credit bureau or a FICO® score. Further, a loss forecasting score may not be an accurate predictor of the likely risk or quality of the related receivable. See “Risk Factors—Credit scores, loss forecasting scores and historical loss experience may not accurately predict the likelihood of delinquencies, defaults and losses on the receivables” in the Prospectus.
(2)  Sum of percentages may not equal 100% due to rounding.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables

By Annual Percentage Rates

As of the Cut-off Date

 

Annual Percentage
Rate Range

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(1)		  

Less than 0.001%

      156         0.21 %    $ 2,841,482.98         0.21 % 

0.001% - 1.000%

      6         0.01        169,362.95         0.01   

1.001% - 2.000%

      134         0.18        4,818,488.18         0.36   

2.001% - 3.000%

      46         0.06        1,186,438.78         0.09   

3.001% - 4.000%

      715         0.97        19,975,080.95         1.48   

4.001% - 5.000%

      203         0.28        4,985,771.86         0.37   

5.001% - 6.000%

      719         0.98        16,883,528.25         1.25   

6.001% - 7.000%

      770         1.05        17,346,064.14         1.29   

7.001% - 8.000%

      1,432         1.95        33,672,663.96         2.50   

8.001% - 9.000%

      1,522         2.07        35,306,148.07         2.62   

9.001% - 10.000%

      1,963         2.68        47,583,859.94         3.53   

10.001% - 11.000%

      1,755         2.39        38,887,420.67         2.88   

11.001% - 12.000%

      2,451         3.34        53,581,812.34         3.97   

12.001% - 13.000%

      2,915         3.97        58,259,510.33         4.32   

13.001% - 14.000%

      3,477         4.74        70,955,537.90         5.26   

14.001% - 15.000%

      4,006         5.46        77,777,941.47         5.77   

15.001% - 16.000%

      4,624         6.30        89,809,622.85         6.66   

16.001% - 17.000%

      6,138         8.37        118,782,328.12         8.81   

17.001% - 18.000%

      10,011         13.65        186,092,729.05         13.80   

18.001% - 19.000%

      7,894         10.76        134,761,689.99         9.99   

19.001% - 20.000%

      6,505         8.87        106,331,868.13         7.89   

20.001% - 21.000%

      5,020         6.84        75,659,419.66         5.61   

21.001% - 22.000%

      3,030         4.13        45,118,193.53         3.35   

22.001% - 23.000%

      2,158         2.94        30,613,451.84         2.27   

23.001% - 24.000%

      2,138         2.91        29,719,859.58         2.20   

24.001% - 25.000%

      1,405         1.92        17,735,809.23         1.32   

25.001% - 26.000%

      555         0.76        6,942,713.86         0.51   

26.001% - 27.000%

      1,031         1.41        14,783,070.20         1.10   

27.001% - 28.000%

      582         0.79        7,683,567.44         0.57   

28.001% - 29.000%

      4         0.01        56,179.95         0.00 (2) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.
(2)  Less than 0.01% but greater than 0.00%.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Geographic Distribution of the Pool of Receivables

By State of Residence

As of the Cut-off Date

 

State of Residence(1)

    Number of
Receivables		      Percentage of
Total Number of
Receivables(2)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(2)		  

Florida

      13,723         18.71 %    $ 247,442,044.38         18.35 % 

Texas

      10,117         13.79        207,098,718.53         15.36   

California

      7,545         10.28        137,977,000.18         10.23   

Georgia

      3,449         4.70        67,106,708.52         4.98   

New York

      2,793         3.81        54,954,309.11         4.08   

Illinois

      2,700         3.68        48,539,376.43         3.60   

North Carolina

      2,668         3.64        48,220,398.77         3.58   

Pennsylvania

      2,336         3.18        39,879,223.60         2.96   

Arizona

      1,630         2.22        30,571,544.21         2.27   

Maryland

      1,619         2.21        30,097,257.32         2.23   

New Jersey

      1,733         2.36        29,728,636.96         2.20   

Ohio

      1,905         2.60        29,684,340.07         2.20   

Louisiana

      1,589         2.17        28,823,192.82         2.14   

Tennessee

      1,522         2.07        27,165,865.04         2.01   

South Carolina

      1,496         2.04        26,331,601.61         1.95   

Arkansas

      1,336         1.82        25,626,416.81         1.90   

Alabama

      1,264         1.72        22,747,193.90         1.69   

Virginia

      1,155         1.57        20,820,237.97         1.54   

Nevada

      949         1.29        18,200,976.17         1.35   

Michigan

      964         1.31        16,547,521.71         1.23   

Missouri

      876         1.19        15,155,996.09         1.12   

Indiana

      886         1.21        15,149,896.45         1.12   

Mississippi

      828         1.13        14,432,755.40         1.07   

Other(3)

      8,282         11.29        146,020,404.15         10.83   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Based on the state of residence of the obligor on the receivables.
(2)  Sum of percentages may not equal 100% due to rounding.
(3)  “Other” represents those obligors whose state of residence comprises less than 1.00% of the total aggregate outstanding principal balance of the receivables.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables

By Model Year of Financed Vehicles

As of the Cut-off Date

 

Model Year

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal Balance(1)		  

2001

      3         0.00 %(2)    $ 8,855.64         0.00 %(2) 

2002

      6         0.01        27,748.61         0.00 (2) 

2003

      21         0.03        118,545.49         0.01   

2004

      94         0.13        686,000.28         0.05   

2005

      275         0.37        2,368,490.78         0.18   

2006

      798         1.09        7,308,016.51         0.54   

2007

      2,513         3.43        26,223,158.07         1.94   

2008

      3,228         4.40        35,770,653.15         2.65   

2009

      2,637         3.59        32,139,204.82         2.38   

2010

      4,008         5.46        53,459,626.02         3.96   

2011

      5,196         7.08        79,765,435.64         5.92   

2012

      7,683         10.47        125,892,334.36         9.34   

2013

      11,119         15.16        195,349,808.31         14.49   

2014

      10,753         14.66        188,367,282.22         13.97   

2015

      12,986         17.70        288,252,399.46         21.38   

2016

      12,003         16.36        311,601,222.33         23.11   

2017

      42         0.06        982,834.51         0.07   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.
(2)  Less than 0.01% but greater than 0.00%.

Distribution of the Pool of Receivables

By Original Term to Maturity

As of the Cut-off Date

 

Original Term to Maturity (Number of Months)

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(1)		  

24 and less

      149         0.20 %    $ 1,034,869.66         0.08 % 

25 - 36

      852         1.16        7,140,485.13         0.53   

37 - 48

      2,475         3.37        25,531,931.33         1.89   

49 - 60

      6,667         9.09        84,572,249.50         6.27   

61 - 72

      61,369         83.65        1,167,202,240.67         86.57   

73 - 75

      1,853         2.53        62,839,839.91         4.66   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables

By Remaining Term to Maturity

As of the Cut-off Date

 

Remaining Term to Maturity (Number of Months)

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(1)		  

1 - 6

      234         0.32 %    $ 661,092.70         0.05 % 

7 - 12

      1,252         1.71        5,483,213.46         0.41   

13 - 18

      1,405         1.92        9,942,784.02         0.74   

19 - 24

      755         1.03        7,842,849.23         0.58   

25 - 30

      141         0.19        1,259,072.74         0.09   

31 - 36

      791         1.08        6,861,601.35         0.51   

37 - 42

      246         0.34        2,616,559.33         0.19   

43 - 48

      2,332         3.18        25,038,833.98         1.86   

49 - 54

      483         0.66        6,575,731.07         0.49   

55 - 60

      6,033         8.22        78,611,287.59         5.83   

61 - 66

      2,150         2.93        40,874,293.12         3.03   

67 - 72

      56,201         76.60        1,116,200,648.35         82.78   

73 - 75

      1,342         1.83        46,353,649.26         3.44   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.

Distribution of the Pool of Receivables By Original Amount Financed

As of the Cut-off Date

 

Original Amount Financed

    Number of
Receivables		      Percentage of
Total Number
of Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(1)		  

$2,500.01 - $5,000.00

      83         0.11 %    $ 381,486.52         0.03 % 

$5,000.01 - $7,500.00

      2,290         3.12        14,224,345.55         1.05   

$7,500.01 - $10,000.00

      4,987         6.80        43,008,026.15         3.19   

$10,000.01 - $12,500.00

      8,815         12.02        96,141,112.94         7.13   

$12,500.01 - $15,000.00

      11,252         15.34        148,191,691.45         10.99   

$15,000.01 - $17,500.00

      10,378         14.15        160,388,383.76         11.90   

$17,500.01 - $20,000.00

      8,068         11.00        141,795,134.73         10.52   

$20,000.01 - $22,500.00

      6,667         9.09        132,844,272.47         9.85   

$22,500.01 - $25,000.00

      5,217         7.11        117,245,080.58         8.70   

$25,000.01 - $27,500.00

      4,246         5.79        105,839,715.52         7.85   

$27,500.01 - $30,000.00

      3,037         4.14        83,174,262.67         6.17   

$30,000.01 - $32,500.00

      2,337         3.19        70,127,159.44         5.20   

$32,500.01 - $35,000.00

      1,719         2.34        55,891,437.11         4.15   

$35,000.01 - $37,500.00

      1,247         1.70        43,678,092.39         3.24   

$37,500.01 - $40,000.00

      858         1.17        32,287,560.29         2.39   

$40,000.01 - $42,500.00

      557         0.76        22,315,236.12         1.66   

$42,500.01 - $45,000.00

      408         0.56        17,358,796.97         1.29   

$45,000.01 - $47,500.00

      294         0.40        13,354,467.01         0.99   

$47,500.01 - $50,000.00

      227         0.31        10,862,648.14         0.81   

$50,000.01 and greater

      678         0.92        39,212,706.39         2.91   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables By Current Principal Balance

As of the Cut-off Date

 

Current Principal Balance

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal Balance(1)		  

$0.01 - $5,000.00

      1,773         2.42 %    $ 6,268,376.05         0.46 % 

$5,000.01 - $10,000.00

      8,872         12.09        70,483,132.14         5.23   

$10,000.01 - $15,000.00

      19,956         27.20        252,663,877.44         18.74   

$15,000.01 - $20,000.00

      17,333         23.63        299,642,992.62         22.22   

$20,000.01 - $25,000.00

      10,982         14.97        245,129,601.77         18.18   

$25,000.01 - $30,000.00

      6,759         9.21        184,137,030.70         13.66   

$30,000.01 - $35,000.00

      3,782         5.16        121,917,111.01         9.04   

$35,000.01 - $40,000.00

      1,912         2.61        71,054,582.96         5.27   

$40,000.01 - $45,000.00

      896         1.22        37,834,337.39         2.81   

$45,000.01 - $50,000.00

      478         0.65        22,627,008.91         1.68   

$50,000.01 and greater

      622         0.85        36,563,565.21         2.71   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.

Distribution of the Pool of Receivables By Vehicle Make

As of the Cut-off Date

 

Vehicle Make

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal Balance(1)		  

Dodge

      8,567         11.68 %    $ 209,943,734.46         15.57 % 

Nissan

      10,366         14.13        170,923,252.74         12.68   

Chevrolet

      8,568         11.68        149,172,705.37         11.06   

Ford

      6,753         9.20        117,299,078.43         8.70   

Jeep

      4,285         5.84        99,563,948.56         7.38   

Toyota

      5,637         7.68        95,460,337.03         7.08   

Hyundai

      5,017         6.84        71,592,652.20         5.31   

Kia

      4,058         5.53        62,774,217.96         4.66   

Chrysler

      3,134         4.27        60,546,493.72         4.49   

Honda

      3,511         4.79        56,833,190.13         4.22   

Mercedes-Benz

      1,270         1.73        32,065,400.73         2.38   

GMC

      1,202         1.64        29,185,728.74         2.16   

BMW

      1,039         1.42        22,638,034.87         1.68   

Volkswagen

      1,644         2.24        22,387,777.03         1.66   

Mitsubishi

      1,152         1.57        17,935,263.26         1.33   

Cadillac

      783         1.07        17,346,338.69         1.29   

Mazda

      1,097         1.50        15,190,267.85         1.13   

Other(2)

      5,282         7.20        97,463,194.43         7.23   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.
(2)  “Other” represents other vehicle makes which individually comprise less than 1.00% of the total aggregate outstanding principal balance of the receivables.

Santander Drive Auto Receivables Trust 2016-2

Pool of Receivables as of the Cut-off Date of April 30, 2016

Distribution of the Pool of Receivables By Original Mileage

As of the Cut-off Date

 

Original Mileage

    Number of
Receivables		      Percentage of
Total Number of
Receivables(1)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal Balance(1)		  

1 - 5,000

      19,214         26.19 %    $ 477,027,375.26         35.38 % 

5,001 - 10,000

      1,560         2.13        32,157,750.90         2.39   

10,001 - 15,000

      2,242         3.06        43,683,840.15         3.24   

15,001 - 20,000

      3,000         4.09        57,770,487.12         4.28   

20,001 - 25,000

      3,737         5.09        69,538,286.69         5.16   

25,001 - 30,000

      4,175         5.69        74,771,649.84         5.55   

30,001 - 35,000

      4,846         6.61        80,892,511.35         6.00   

35,001 - 40,000

      5,477         7.47        87,851,906.81         6.52   

40,001 - 45,000

      4,883         6.66        76,554,198.42         5.68   

45,001 - 50,000

      3,780         5.15        58,343,049.32         4.33   

50,001 - 55,000

      2,899         3.95        44,767,040.84         3.32   

55,001 - 60,000

      2,684         3.66        40,445,675.77         3.00   

60,001 - 65,000

      2,367         3.23        35,626,410.69         2.64   

65,001 - 70,000

      2,102         2.87        30,730,582.48         2.28   

70,001 - 75,000

      2,137         2.91        30,802,306.72         2.28   

75,001 - 80,000

      1,938         2.64        27,726,446.54         2.06   

80,001 - 85,000

      1,625         2.21        22,145,057.55         1.64   

85,001 - 90,000

      1,504         2.05        20,010,428.51         1.48   

90,001 and greater

      3,195         4.35        37,476,611.24         2.78   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Sum of percentages may not equal 100% due to rounding.

Delinquency Experience Regarding the Pool of Receivables as of the Cut-off Date

 

Historical Delinquency Status

    Number of
Receivables		      Percentage of
Total Number of
Receivables(2)		     Aggregate
Outstanding
Principal Balance		      Percentage of Total
Aggregate
Outstanding
Principal  Balance(2)		  

Delinquent no more than once for 30-59 days(1)

      70,998         96.77 %    $ 1,324,169,327.89         98.21 % 

Delinquent more than once for 30-59 days but never for 60 days or more

      1,001         1.36        10,936,555.50         0.81   

Delinquent at least once for 60 days or more

      1,366         1.86        13,215,732.81         0.98   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      73,365         100.00 %    $ 1,348,321,616.20         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)  Delinquent no more than once for 30-59 days represent accounts that were never delinquent or were delinquent one time but never exceeded 59 days past due.
(2)  Sum of percentages may not equal 100% due to rounding.