Santander Drive Auto Receivables Trust 2016-3 - FORM 8-K - EX-99.3 - EXHIBIT 99.3 - October 13, 2016

Attached files

file filename
EX-99.2 - EXHIBIT 99.2 - Santander Drive Auto Receivables Trust 2016-3d267652dex992.htm
EX-99.1 - EXHIBIT 99.1 - Santander Drive Auto Receivables Trust 2016-3d267652dex991.htm
EX-10.5 - EXHIBIT 10.5 - Santander Drive Auto Receivables Trust 2016-3d267652dex105.htm
EX-10.4 - EXHIBIT 10.4 - Santander Drive Auto Receivables Trust 2016-3d267652dex104.htm
EX-10.3 - EXHIBIT 10.3 - Santander Drive Auto Receivables Trust 2016-3d267652dex103.htm
EX-10.2 - EXHIBIT 10.2 - Santander Drive Auto Receivables Trust 2016-3d267652dex102.htm
EX-10.1 - EXHIBIT 10.1 - Santander Drive Auto Receivables Trust 2016-3d267652dex101.htm
EX-4.1 - EXHIBIT 4.1 - Santander Drive Auto Receivables Trust 2016-3d267652dex41.htm
8-K - FORM 8-K - Santander Drive Auto Receivables Trust 2016-3d267652d8k.htm

Exhibit 99.3

Santander Drive Auto Receivables Trust 2016-3

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

Composition of the Pool of Receivables

As of the Cut-off Date

 

    New   Used   Total

Aggregate Outstanding Principal Balance

   $571,925,950.92   $924,344,991.30   $1,496,270,942.22

Number of Receivables

   24,549   62,029   86,578

Percentage of Aggregate Outstanding Principal Balance

   38.22%   61.78%   100.00%

Average Outstanding Principal Balance

   $23,297.32   $14,901.82   $17,282.35

Range of Outstanding Principal Balances

   $520.19 to $96,091.40   $506.04 to $69,630.25   $506.04 to $96,091.40

Weighted Average Contract Rate(1)

   14.19%   16.96%   15.90%

Range of Contract Rates

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

Weighted Average Remaining Term(1)

   68 months   64 months   65 months

Range of Remaining Terms

   4 months to 75 months   4 months to 75 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   12 months to 75 months   12 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%

      25,285         29.20 %    $ 448,462,994.36         29.97 % 

100.00% - 109.99%

      18,293         21.13        336,262,344.51         22.47   

110.00% - 119.99%

      19,937         23.03        347,880,686.71         23.25   

120.00% - 129.99%

      13,011         15.03        212,735,220.70         14.22   

130.00% - 139.99%

      8,376         9.67        132,563,280.45         8.86   

140.00% - 149.99%

      1,324         1.53        15,102,339.48         1.01   

150.00% and greater

      352         0.41        3,264,076.01         0.22   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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 2016-3

Pool of Receivables as of the Cut-off Date of September 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

      0.98 % 

501 – 550

      9.83   

551 – 600

      31.53   

601 – 650

      29.80   

651 and higher

      9.28   

Null FICO® Score

      18.58   
  

 

 

  

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.
(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)		  

451 – 500

      18.42 % 

501 – 550

      36.55   

551 – 600

      27.04   

601 – 650

      11.62   

651 – 700

      4.47   

701 – 750

      1.39   

751 and higher

      0.51   
  

 

 

  

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

Santander Drive Auto Receivables Trust 2016-3

Pool of Receivables as of the Cut-off Date of September 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%

      83         0.10 %    $ 1,651,305.85         0.11 % 

0.001% - 1.000%

      9         0.01        260,979.98         0.02   

1.001% - 2.000%

      95         0.11        2,997,773.31         0.20   

2.001% - 3.000%

      39         0.05        941,556.82         0.06   

3.001% - 4.000%

      462         0.53        9,881,941.90         0.66   

4.001% - 5.000%

      320         0.37        7,921,489.83         0.53   

5.001% - 6.000%

      407         0.47        10,389,724.05         0.69   

6.001% - 7.000%

      810         0.94        18,797,841.73         1.26   

7.001% - 8.000%

      1,295         1.50        28,385,558.22         1.90   

8.001% - 9.000%

      1,942         2.24        41,311,997.72         2.76   

9.001% - 10.000%

      2,798         3.23        56,737,547.65         3.79   

10.001% - 11.000%

      3,973         4.59        69,001,405.42         4.61   

11.001% - 12.000%

      3,393         3.92        65,487,204.65         4.38   

12.001% - 13.000%

      4,237         4.89        81,267,251.41         5.43   

13.001% - 14.000%

      4,261         4.92        82,421,301.43         5.51   

14.001% - 15.000%

      5,371         6.20        102,247,393.42         6.83   

15.001% - 16.000%

      5,443         6.29        100,323,666.43         6.70   

16.001% - 17.000%

      7,399         8.55        137,562,710.79         9.19   

17.001% - 18.000%

      11,562         13.35        204,533,137.76         13.67   

18.001% - 19.000%

      8,188         9.46        133,860,958.30         8.95   

19.001% - 20.000%

      6,647         7.68        102,189,429.39         6.83   

20.001% - 21.000%

      5,559         6.42        78,303,911.13         5.23   

21.001% - 22.000%

      3,297         3.81        44,056,543.46         2.94   

22.001% - 23.000%

      2,115         2.44        29,363,170.08         1.96   

23.001% - 24.000%

      2,551         2.95        33,263,984.93         2.22   

24.001% - 25.000%

      2,093         2.42        24,632,852.09         1.65   

25.001% - 26.000%

      721         0.83        7,979,701.58         0.53   

26.001% - 27.000%

      821         0.95        11,485,879.29         0.77   

27.001% - 28.000%

      686         0.79        9,002,816.58         0.60   

28.001% - 29.000%

      1         0.00 (2)      9,907.02         0.00 (2) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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 2016-3

Pool of Receivables as of the Cut-off Date of September 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)		  

Texas

      13,022         15.04 %    $ 248,710,037.87         16.62 % 

Florida

      14,222         16.43        242,529,803.53         16.21   

California

      7,846         9.06        136,044,472.22         9.09   

Georgia

      4,428         5.11        78,618,434.26         5.25   

New York

      3,226         3.73        62,215,444.03         4.16   

Illinois

      3,246         3.75        55,925,160.87         3.74   

North Carolina

      3,309         3.82        54,568,489.70         3.65   

Pennsylvania

      2,798         3.23        44,843,819.56         3.00   

New Jersey

      2,075         2.40        35,384,384.65         2.36   

Ohio

      2,330         2.69        33,861,722.07         2.26   

Louisiana

      1,878         2.17       32,627,503.14         2.18   

Arizona

      1,826         2.11        32,558,125.99         2.18   

Maryland

      1,765         2.04        32,027,808.86         2.14   

Tennessee

      1,897         2.19        31,468,890.32         2.10   

South Carolina

      1,960         2.26        30,966,561.78         2.07   

Alabama

      1,857         2.14        29,776,865.24         1.99   

Arkansas

      1,548         1.79        28,352,854.29         1.89   

Virginia

      1,544         1.78        25,626,368.70         1.71   

Mississippi

      1,410         1.63        22,651,489.15         1.51   

Nevada

      1,243         1.44        22,235,752.03         1.49   

Missouri

      1,210         1.40        19,949,638.50         1.33   

Michigan

      1,329         1.54        19,582,884.50         1.31   

Indiana

      1,172         1.35        17,966,750.47         1.20   

Oklahoma

      1,009         1.17        17,304,377.20         1.16   

Other(3)

      8,428         9.73        140,473,303.29         9.39   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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 2016-3

Pool of Receivables as of the Cut-off Date of September 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

      7         0.01 %    $ 15,935.02         0.00 %(2) 

2002

      38         0.04        213,422.65         0.01   

2003

      54         0.06        271,308.16         0.02   

2004

      183         0.21        931,824.71         0.06   

2005

      572         0.66        3,474,364.13         0.23   

2006

      1,218         1.41        8,520,887.11         0.57   

2007

      3,168         3.66        28,310,973.88         1.89   

2008

      4,697         5.43        44,189,892.19         2.95   

2009

      3,546         4.10        36,507,033.65         2.44   

2010

      5,865         6.77        62,930,290.36         4.21   

2011

      6,223         7.19        83,043,440.48         5.55   

2012

      7,924         9.15        116,937,600.11         7.82   

2013

      11,658         13.47        202,189,404.61         13.51   

2014

      9,171         10.59        166,228,360.09         11.11   

2015

      10,157         11.73        197,183,673.25         13.18   

2016

      21,006         24.26        519,318,877.58         34.71   

2017

      1,091         1.26        26,003,654.24         1.74   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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

      116         0.13 %    $ 866,534.97         0.06 % 

25 – 36

      626         0.72        5,347,127.56         0.36   

37 – 48

      2,318         2.68        23,717,038.63         1.59   

49 – 60

      7,527         8.69        86,497,010.06         5.78   

61 – 72

      72,176         83.37        1,261,019,283.72         84.28   

73 – 75

      3,815         4.41        118,823,947.28         7.94   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

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

Santander Drive Auto Receivables Trust 2016-3

Pool of Receivables as of the Cut-off Date of September 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

      1,045         1.21 %    $ 3,087,127.18         0.21 % 

7 – 12

      2,290         2.65        10,611,397.73         0.71   

13 – 18

      6,098         7.04        40,018,960.75         2.67   

19 – 24

      3,318         3.83        33,250,962.06         2.22   

25 – 30

      1,028         1.19        13,948,338.49         0.93   

31 – 36

      602         0.70        5,255,651.74         0.35   

37 – 42

      157         0.18        1,724,875.57         0.12   

43 – 48

      2,257         2.61        23,957,969.08         1.60   

49 – 54

      455         0.53        6,031,900.00         0.40   

55 – 60

      6,378         7.37        84,885,976.48         5.67   

61 – 66

      2,622         3.03        52,233,861.70         3.49   

67 – 72

      57,681         66.62        1,136,945,213.39         75.99   

73 – 75

      2,647         3.06        84,318,708.05         5.64   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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

      66         0.08 %    $ 297,870.04         0.02 % 

$5,000.01 - $7,500.00

      2,176         2.51        13,377,548.22         0.89   

$7,500.01 - $10,000.00

      5,352         6.18        44,786,550.62         2.99   

$10,000.01 - $12,500.00

      9,559         11.04        98,728,778.40         6.60   

$12,500.01 - $15,000.00

      12,450         14.38        152,281,401.38         10.18   

$15,000.01 - $17,500.00

      12,721         14.69        178,649,038.61         11.94   

$17,500.01 - $20,000.00

      10,636         12.28        170,577,864.75         11.40   

$20,000.01 - $22,500.00

      8,270         9.55        150,736,006.65         10.07   

$22,500.01 - $25,000.00

      6,340         7.32        129,965,673.09         8.69   

$25,000.01 - $27,500.00

      5,051         5.83        115,733,082.41         7.73   

$27,500.01 - $30,000.00

      3,842         4.44        97,917,211.01         6.54   

$30,000.01 - $32,500.00

      2,918         3.37        81,305,305.99         5.43   

$32,500.01 - $35,000.00

      2,149         2.48        65,578,070.16         4.38   

$35,000.01 - $37,500.00

      1,611         1.86        53,906,732.32         3.60   

$37,500.01 - $40,000.00

      1,237         1.43        45,112,423.35         3.01   

$40,000.01 - $42,500.00

      762         0.88        29,938,958.81         2.00   

$42,500.01 - $45,000.00

      468         0.54        19,521,560.00         1.30   

$45,000.01 - $47,500.00

      333         0.38        14,959,775.83         1.00   

$47,500.01 - $50,000.00

      239         0.28        11,245,470.38         0.75   

$50,000.01 and greater

      398         0.46        21,651,620.20         1.45   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

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

Santander Drive Auto Receivables Trust 2016-3

Pool of Receivables as of the Cut-off Date of September 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

      4,472         5.17 %    $ 15,496,624.95         1.04 % 

$5,000.01 - $10,000.00

      14,117         16.31        108,859,703.05         7.28   

$10,000.01 - $15,000.00

      21,542         24.88        271,332,184.19         18.13   

$15,000.01 - $20,000.00

      19,066         22.02        330,400,930.58         22.08   

$20,000.01 - $25,000.00

      11,610         13.41        258,865,451.96         17.30   

$25,000.01 - $30,000.00

      7,216         8.33        197,001,268.83         13.17   

$30,000.01 - $35,000.00

      4,193         4.84        135,437,512.16         9.05   

$35,000.01 - $40,000.00

      2,452         2.83        91,393,809.05         6.11   

$40,000.01 - $45,000.00

      1,076         1.24        45,325,547.69         3.03   

$45,000.01 - $50,000.00

      486         0.56        22,910,248.61         1.53   

$50,000.01 and greater

      348         0.40        19,247,661.15         1.29   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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

      9,955         11.50 %    $ 224,603,051.38         15.01 % 

Nissan

      11,630         13.43        184,468,176.08         12.33   

Chevrolet

      10,710         12.37        173,131,708.28         11.57   

Ford

      8,546         9.87        143,022,149.66         9.56   

Toyota

      7,680         8.87        126,253,675.63         8.44   

Jeep

      5,205         6.01        115,796,293.62         7.74   

Kia

      5,352         6.18        78,678,073.62         5.26   

Hyundai

      5,567         6.43        78,420,135.34         5.24   

Chrysler

      3,953         4.57        71,433,992.68         4.77   

Honda

      3,659         4.23        55,049,651.13         3.68   

GMC

      1,430         1.65        31,594,570.59         2.11   

Mercedes-Benz

      1,174         1.36        27,973,001.58         1.87   

Volkswagen

      1,663         1.92        22,069,951.60         1.47   

BMW

      992         1.15        20,509,238.23         1.37   

Mitsubishi

      1,146         1.32        16,596,563.39         1.11   

Cadillac

      820         0.95        16,119,987.85         1.08   

Mazda

      1,237         1.43        15,900,166.37         1.06   

Other(2)

      5,859         6.77        94,650,555.19         6.33   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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 2016-3

Pool of Receivables as of the Cut-off Date of September 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

      25,420         29.36 %    $ 588,387,233.78         39.32 % 

5,001 - 10,000

      1,661         1.92        31,700,186.67         2.12   

10,001 - 15,000

      2,402         2.77        43,087,925.68         2.88   

15,001 - 20,000

      3,351         3.87        59,853,021.39         4.00   

20,001 - 25,000

      3,960         4.57        68,060,272.81         4.55   

25,001 - 30,000

      4,567         5.28        75,116,022.30         5.02   

30,001 - 35,000

      5,617         6.49        85,403,010.67         5.71   

35,001 - 40,000

      6,460         7.46        92,516,760.47         6.18   

40,001 - 45,000

      5,811         6.71        83,427,160.29         5.58   

45,001 - 50,000

      4,388         5.07        62,021,046.98         4.15   

50,001 - 55,000

      3,713         4.29        51,333,959.54         3.43   

55,001 - 60,000

      3,441         3.97        45,733,759.50         3.06   

60,001 - 65,000

      2,801         3.24        38,930,969.86         2.60   

65,001 - 70,000

      2,593         2.99        34,753,711.77         2.32   

70,001 - 75,000

      2,295         2.65        32,060,403.51         2.14   

75,001 - 80,000

      2,101         2.43        29,778,954.85         1.99   

80,001 - 85,000

      1,739         2.01        22,943,562.16         1.53   

85,001 - 90,000

      1,521         1.76        20,084,496.39         1.34   

90,001 and greater

      2,737         3.16        31,078,483.60         2.08   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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)

      80,024         92.43 %    $ 1,429,966,131.67         95.57 % 

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

      3,530         4.08        36,072,512.80         2.41   

Delinquent at least once for 60 days or more

      3,024         3.49        30,232,297.75         2.02   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

      86,578         100.00 %    $ 1,496,270,942.22         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.