Bank of America Auto Receivables Securitization Inactive
Filed: 16 Jun 10, 12:00am
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-165957
The information in the preliminary prospectus supplement (as supplemented by this supplement) is not complete and may be changed. We may not sell the notes described in the preliminary prospectus supplement (as supplemented by this supplement) until we deliver a final prospectus supplement and attached prospectus. The preliminary prospectus supplement (as supplemented by this supplement) is not an offer to sell the notes and it is not soliciting an offer to buy the notes and there shall not be any sale of the notes where such offer, solicitation or sale is not permitted.
$1,252,131,000
Bank of America Auto Trust 2010-2
Issuing Entity
Bank of America Auto Receivables Securitization, LLC
Depositor
Bank of America, National Association
Sponsor and Servicer
Supplement, dated June 16, 2010 (subject to completion)
to
Preliminary Prospectus Supplement, dated June 14, 2010 (subject to completion)
This Supplement should be read in conjunction with the Preliminary Prospectus Supplement, dated June 14, 2010 and the Prospectus, dated June 14, 2010.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these notes or determined if the prospectus supplement (as supplemented by this supplement) or the prospectus that accompanies the prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The preliminary prospectus supplement dated June 14, 2010 (the “Preliminary Prospectus Supplement”) is hereby modified and supplemented as described in this supplement. References to page numbers are to the page numbers in the Preliminary Prospectus Supplement.
Front Cover Page:
| • | The total principal amount of the Notes indicated on the top of the front cover page is modified to read: $1,252,131,000. |
| • | The column titled “Initial Note Balance” in the table on the front cover page is modified to read: |
| Initial Note Balance | |||
Class A-1 Notes | $ | 340,005,000 | |
Class A-2 Notes | $ | 240,000,000 | |
Class A-3 Notes | $ | 481,000,000 | |
Class A-4 Notes | $ | 191,126,000 | |
Total | $ | 1,252,131,000 | |
| • | The fifth paragraph following the above table is modified to read: |
“Credit enhancement for the notes will consist of —
| • | excess interest on the receivables; |
| • | a Reserve Account with an initial balance of $3,375,018.53; and |
| • | overcollateralization.” |
Summary of Terms:
| • | The column titled “Initial Note Balance” in the table under “Summary of Terms – The Notes” on page S-3 is modified to read: |
| Initial Note Balance | |||
Class A-1 Notes | $ | 340,005,000 | |
Class A-2 Notes | $ | 240,000,000 | |
Class A-3 Notes | $ | 481,000,000 | |
Class A-4 Notes | $ | 191,126,000 | |
| • | The second sentence in the first paragraph under “Summary of Term – The Receivables” on page S-9 is modified to read: “As of the cut-off date, 1.57% of the receivables (by aggregate cut-off date balance) were granted credit-related extensions by Bank of America; however, at least one monthly payment has been made by the related obligor since such extension.” |
| • | The table following the second paragraph under “Summary of Terms – The Receivables” on page S-9 is modified to read: |
1
Number of Receivables | 65,039 | |||
Aggregate Principal Balance | $ | 1,350,007,411.97 | ||
Range of Annual Percentage Rates | 2.79% to 18.69 | % | ||
Weighted Average Annual Percentage Rates | 5.52 | % | ||
Weighted Average FICO® Score | 779 | |||
Range of Original Terms | 18 months to 84 months | |||
Weighted Average Original Term | 65.16 months | |||
Range of Seasoning | 2 months to 76 months | |||
Weighted Average Seasoning | 9.28 months | |||
Range of Remaining Terms | 6 months to 72 months | |||
Weighted Average Remaining Term | 55.88 months | |||
Weighted Average Loan-to-Value Ratio | 95.97 | % | ||
Percentage of New Vehicles | 56.12 | % | ||
Percentage of Used Vehicles | 43.88 | % |
| • | The third sentence of the first paragraph under “Summary of Terms – Credit Enhancement – Overcollateralization” on page S-10 is modified to read: “The initial amount of overcollateralization will be $97,876,411.97, or approximately 7.25% of the Initial Pool Balance.” |
| • | The first sentence of the first paragraph under “Summary of Terms – Credit Enhancement – Reserve Account” on page S-10 is modified to read: “On the Closing Date, the depositor will deposit from the proceeds of the sale of the notes $3,375,018.53 (the “Specified Reserve Account Balance”) in cash into the Reserve Account, which is equal to approximately 0.25% of the Initial Pool Balance.” |
Risk Factors:
| • | The eighth and ninth sentences under “Risk Factors – The geographic concentration of the obligors in the receivables pool and varying economic circumstances may increase the risk of losses or reduce the return on your notes” on page S-13 are modified to read: “As of the cut-off date, based on the billing addresses of the obligors, 13.70%, 11.42%, 9.53%, 5.53% and 5.37%, of the principal balance of the receivables were located in California, Texas, Florida, New Jersey and Pennsylvania, respectively. No other State accounts for more than 4.83% of the principal balance of the receivables as of the cut-off date. |
The Issuing Entity:
| • | The table under “The Issuing Entity – Capitalization of the Issuing Entity” on page S-24 is modified to read: |
The following table illustrates the expected assets of the issuing entity as of the Closing Date:
Receivables | $ | 1,350,007,411.97 | |
Reserve Account | $ | 3,375,018.53 |
2
The following table illustrates the expected liabilities of the issuing entity as of the Closing Date:
Class A-1 Asset Backed Notes | $ | 340,005,000.00 | |
Class A-2 Asset Backed Notes | $ | 240,000,000.00 | |
Class A-3 Asset Backed Notes | $ | 481,000,000.00 | |
Class A-4 Asset Backed Notes | $ | 191,126,000.00 | |
Overcollateralization(1) | $ | 97,876,411.97 | |
Total | $ | 1,350,007,411.97 | |
| (1) | The overcollateralization is represented by a certificate, but the certificate is not offered hereby, and initially will be retained by the depositor. |
The Receivables Pool:
| • | The third sentence of the second paragraph under “The Receivables Pool” on page S-29 is modified to read: “Less than 3.50% of the receivables (by aggregate cut-off date balance) are evidenced by electronic contracts.” |
| • | The ninth sentence of the third paragraph under “The Receivables Pool” on page S-30 is modified to read: ““Weighted Average Loan-to-Value Ratio” is based on a weighting by current principal balance of each receivable as of the cut-off date (provided, that there are 15 contracts which are excluded from the Weighted Average Loan-to-Value Ratio because the Loan-to-Value Ratio was not available for such receivable).” |
| • | The 15 tables following the fourth paragraph under “The Receivables Pool” on pages S-30 through S-37 are modified to read as set forth onAppendix A to this Supplement. |
| • | The paragraph following the “Distribution of the Receivables Pool by Vehicle Type” table under “The Receivables Pool” on page S-37 is modified to read: “As described under “Origination and Servicing of the Receivables — Servicing and Collections” in this prospectus supplement, Bank of America offers certain obligors credit-related extensions. As of the cut-off date, 1.57% of the receivables (by aggregate cut-off date balance) were granted credit-related extensions by Bank of America; however, at least one monthly payment has been made by the related obligor since such extension.” |
Weighted Average Life of the Notes:
| • | The first bullet under the third paragraph under “Weighted Average Life of the Notes” on page S-38 is modified to read: “• the issuing entity holds 45 pools of receivables with the following characteristics:” |
| • | The table following the first bullet under the third paragraph under “Weighted Average Life of the Notes” on page S-39 is modified to read as set forth onAppendix B to this Supplement. |
3
| • | The four tables following the last paragraph under “Weighted Average Life of the Notes” on pages S-41 through S-44 are modified to read as set forth inAppendix C to this Supplement. |
Origination and Servicing of the Receivables:
| • | The eleventh paragraph under “Origination and Servicing of the Receivables – Servicing and Collections” on page S-48 is modified to read: “As of the cut-off date, 1.57% of the receivables (by aggregate cut-off date balance) were granted credit-related extensions by Bank of America; however, at least one monthly payment has been made by the related obligor since such extension.” |
The Transaction Documents and the Indenture:
| • | The third sentence of the first paragraph under “The Transaction Documents and the Indenture – Credit Enhancement – Overcollateralization” on page S-64 is modified to read as follows: “The initial amount of overcollateralization will be $97,876,411.97, or approximately 7.25% of the Initial Pool Balance.” |
Underwriting:
| • | The table below the first paragraph under “Underwriting” on page S-79 is modified to read as follows: |
Underwriters | Principal Amount of Class A-1 Notes | Principal Amount of Class A-2 Notes | Principal Amount of Class A-3 Notes | Principal Amount of Class A-4 Notes | ||||||||
Banc of America Securities LLC | $ | |||||||||||
Barclays Capital Inc. | ||||||||||||
Citigroup Global Markets Inc. | ||||||||||||
Credit Suisse Securities (USA) LLC | ||||||||||||
RBS Securities Inc. | ||||||||||||
Total | $ | 340,005,000 | $ | 240,000,000 | $ | 481,000,000 | $ | 191,126,000 | ||||
Glossary:
| • | The definition of “Class A-1 Note Balance” on page S-83 is modified to read: “means, at any time, $340,005,000, reduced by all payments of principal made prior to such time on the Class A-1 Notes.” |
| • | The definition of “Class A-2 Note Balance” on page S-83 is modified to read: “means, at any time, $240,000,000, reduced by all payments of principal made prior to such time on the Class A-2 Notes.” |
| • | The definition of “Class A-3 Note Balance” on page S-83 is modified to read: “means, at any time, $481,000,000, reduced by all payments of principal made prior to such time on the Class A-3 Notes.” |
| • | The definition of “Class A-4 Note Balance” on page S-83 is modified to read: “means, at any time, $191,126,000, reduced by all payments of principal made prior to such time on the Class A-4 Notes.” |
4
| • | The definition of “Initial Pool Balance” on page S-85 is modified to read: “means $1,350,007,411.97”. |
Back Cover Page:
| • | The table on the back cover page is modified to read: |
$340,005,000 Class A-1 Notes
$240,000,000 Class A-2 Notes
$481,000,000 Class A-3 Notes
$191,126,000 Class A-4 Notes
5
Appendix A
Composition of the Receivables as of the Cut-off Date
| New Financed Vehicles | Used Financed Vehicles | Total | ||||||||||
Aggregate Principal Balance | $ | 757,634,496.46 | $ | 592,372,915.51 | $ | 1,350,007,411.97 | ||||||
Percentage of Cut-off Date Balance | 56.12 | % | 43.88 | % | 100.00 | % | ||||||
Number of Receivables | 31,925 | 33,114 | 65,039 | |||||||||
Average Cut-off Date Balance | $ | 23,731.70 | $ | 17,888.90 | $ | 20,756.89 | ||||||
Range of Cut-off Date Balances | $ | 1,033.20 - $93,974.07 | $ | 1,027.14 - $95,062.77 | $ | 1,027.14 - $95,062.77 | ||||||
Average Original Receivable Principal Balance | $ | 28,567.43 | $ | 22,441.21 | $ | 25,448.32 | ||||||
Range of Original Receivable Principal Balances | $ | 6,290.00 - $99,576.03 | $ | 4,525.11 - $99,968.46 | $ | 4,525.11 - $99,968.46 | ||||||
Weighted Average Loan-to-Value Ratio | 92.41 | % | 100.52 | % | 95.97 | % | ||||||
Weighted Average APR | 5.26 | % | 5.85 | % | 5.52 | % | ||||||
Range of APRs | 2.79% - 17.69 | % | 2.79% - 18.69 | % | 2.79% - 18.69 | % | ||||||
Weighted Average Original Term (months) | 66.21 months | 63.82 months | 65.16 months | |||||||||
Range of Original Terms (months) | 18 months - 84 months | 24 months - 84 months | 18 months - 84 months | |||||||||
Weighted Average Seasoning (months) | 8.65 months | 10.08 months | 9.28 months | |||||||||
Range of Seasoning (months) | 2 months - 74 months | 2 months - 76 months | 2 months - 76 months | |||||||||
Weighted Average Remaining Term (months) | 57.55 months | 53.74 months | 55.88 months | |||||||||
Range of Remaining Terms (months) | 6 months - 72 months | 6 months - 71 months | 6 months - 72 months | |||||||||
Weighted Average FICO® Scores | 784 | 773 | 779 | |||||||||
Distribution by Annual Percentage Rate of the Receivables as of the Cut-off Date
Annual Percentage Rate Range | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
2.00% - 2.99% | 12 | 0.02 | % | $ | 237,478.81 | 0.02 | % | 818 | |||||
3.00% - 3.99% | 7,133 | 10.97 | 180,475,872.58 | 13.37 | 797 | ||||||||
4.00% - 4.99% | 17,453 | 26.83 | 431,636,209.88 | 31.97 | 792 | ||||||||
5.00% - 5.99% | 19,604 | 30.14 | 445,734,368.59 | 33.02 | 787 | ||||||||
6.00% - 6.99% | 8,297 | 12.76 | 140,648,961.03 | 10.42 | 761 | ||||||||
7.00% - 7.99% | 4,607 | 7.08 | 60,592,812.27 | 4.49 | 738 | ||||||||
8.00% - 8.99% | 3,705 | 5.70 | 43,944,463.26 | 3.26 | 719 | ||||||||
9.00% - 9.99% | 1,997 | 3.07 | 22,481,862.77 | 1.67 | 694 | ||||||||
10.00% - 10.99% | 1,014 | 1.56 | 11,404,494.54 | 0.84 | 674 | ||||||||
11.00% - 11.99% | 610 | 0.94 | 6,616,098.32 | 0.49 | 661 | ||||||||
12.00% - 12.99% | 364 | 0.56 | 3,541,509.67 | 0.26 | 654 | ||||||||
13.00% - 13.99% | 158 | 0.24 | 1,613,462.33 | 0.12 | 646 | ||||||||
14.00% - 14.99% | 53 | 0.08 | 623,705.30 | 0.05 | 645 | ||||||||
15.00% - 15.99% | 21 | 0.03 | 302,008.44 | 0.02 | 651 | ||||||||
16.00% - 16.99% | 4 | 0.01 | 46,849.13 | 0.00 | (1) | 654 | |||||||
17.00% - 17.99% | 5 | 0.01 | 89,135.14 | 0.01 | 644 | ||||||||
18.00% - 18.99% | 2 | 0.00 | (1) | 18,119.91 | 0.00 | (1) | 644 | ||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Greater than 0.00% but less than 0.01% |
A-1
Geographic Distribution of the Receivables
State(1) | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
California | 8,872 | 13.64 | % | $ | 184,919,017.48 | 13.70 | % | 773 | |||||
Texas | 6,886 | 10.59 | 154,128,854.21 | 11.42 | 777 | ||||||||
Florida | 6,445 | 9.91 | 128,630,109.60 | 9.53 | 776 | ||||||||
New Jersey | 3,349 | 5.15 | 74,608,242.63 | 5.53 | 782 | ||||||||
Pennsylvania | 3,644 | 5.60 | 72,552,220.39 | 5.37 | 786 | ||||||||
New York | 3,099 | 4.76 | 65,251,235.73 | 4.83 | 787 | ||||||||
Other(2) | 32,744 | 50.35 | 669,917,731.93 | 49.62 | 780 | ||||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Based on billing addresses of the obligors as of the cut-off date, which may differ from the state of origination of the receivable. |
| (2) | Note that no other individual state accounts for more than 4.45% of the cut-off date balance. |
Distribution by FICO® Score
FICO® (Range) | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut- off Date Balance | |||||||
620 - 629 | 251 | 0.39 | % | $ | 2,393,478.04 | 0.18 | % | ||||
630 - 639 | 301 | 0.46 | 3,233,123.19 | 0.24 | |||||||
640 - 649 | 623 | 0.96 | 6,155,452.18 | 0.46 | |||||||
650 - 659 | 721 | 1.11 | 7,638,981.98 | 0.57 | |||||||
660 - 669 | 728 | 1.12 | 7,814,169.74 | 0.58 | |||||||
670 - 679 | 766 | 1.18 | 8,875,509.65 | 0.66 | |||||||
680 - 689 | 1,217 | 1.87 | 13,724,840.25 | 1.02 | |||||||
690 - 699 | 1,082 | 1.66 | 12,755,286.32 | 0.94 | |||||||
700 - 709 | 2,542 | 3.91 | 42,276,710.99 | 3.13 | |||||||
710 - 719 | 2,555 | 3.93 | 46,618,669.55 | 3.45 | |||||||
720 - 729 | 2,715 | 4.17 | 53,287,545.67 | 3.95 | |||||||
730 - 739 | 2,986 | 4.59 | 62,919,658.81 | 4.66 | |||||||
740 - 749 | 3,565 | 5.48 | 79,308,135.27 | 5.87 | |||||||
750 - 759 | 3,523 | 5.42 | 78,615,115.09 | 5.82 | |||||||
760 - 769 | 3,797 | 5.84 | 83,848,369.66 | 6.21 | |||||||
770 - 779 | 4,117 | 6.33 | 92,344,024.98 | 6.84 | |||||||
780 - 789 | 5,025 | 7.73 | 116,340,092.98 | 8.62 | |||||||
790 - 799 | 5,082 | 7.81 | 117,606,673.71 | 8.71 | |||||||
800 - 809 | 5,525 | 8.49 | 124,577,052.21 | 9.23 | |||||||
810 - 819 | 6,233 | 9.58 | 136,835,608.49 | 10.14 | |||||||
820 - 829 | 4,846 | 7.45 | 104,888,807.18 | 7.77 | |||||||
830 - 839 | 3,091 | 4.75 | 66,775,494.19 | 4.95 | |||||||
840 - 849 | 1,764 | 2.71 | 38,628,717.18 | 2.86 | |||||||
Greater than or equal to 850 | 1,984 | 3.05 | 42,545,894.66 | 3.15 | |||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | ||||
A-2
Distribution by Loan-to-Value Ratio
Loan-to-Value Ratio | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | Weighted Average Seasoning | |||||||||
Less than or equal to 40.00%(1) | 429 | 0.66 | % | $ | 5,106,478.89 | 0.38 | % | 795 | 6.10 | ||||||
40.01% - 50.00% | 992 | 1.53 | 14,610,815.16 | 1.08 | 798 | 5.63 | |||||||||
50.01% - 60.00% | 2,346 | 3.61 | 39,571,092.11 | 2.93 | 797 | 5.75 | |||||||||
60.01% - 70.00% | 4,101 | 6.31 | 77,029,980.86 | 5.71 | 795 | 6.16 | |||||||||
70.01% - 80.00% | 6,641 | 10.21 | 135,024,541.02 | 10.00 | 791 | 6.56 | |||||||||
80.01% - 90.00% | 9,744 | 14.98 | 213,182,148.12 | 15.79 | 787 | 6.96 | |||||||||
90.01% - 100.00% | 12,082 | 18.58 | 280,194,037.32 | 20.75 | 782 | 7.21 | |||||||||
100.01% - 110.00% | 12,017 | 18.48 | 277,895,788.89 | 20.58 | 775 | 8.58 | |||||||||
110.01% - 120.00% | 8,043 | 12.37 | 173,476,899.60 | 12.85 | 770 | 11.02 | |||||||||
120.01% - 130.00% | 4,668 | 7.18 | 80,303,126.73 | 5.95 | 756 | 17.61 | |||||||||
130.01% - 140.00% | 2,394 | 3.68 | 33,903,503.94 | 2.51 | 741 | 28.31 | |||||||||
140.01% - 150.00% | 1,582 | 2.43 | 19,708,999.33 | 1.46 | 741 | 33.17 | |||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | 9.28 | ||||||
| (1) | Includes 15 contracts for which loan-to-value ratio was unavailable. |
Distribution of the Receivables by Original Term
Original Term (months) | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | Weighted Average Seasoning | |||||||||
13 - 24 | 46 | 0.07 | % | $ | 615,278.22 | 0.05 | % | 796 | 4.34 | ||||||
25 - 36 | 1,319 | 2.03 | 18,776,086.60 | 1.39 | 790 | 6.33 | |||||||||
37 - 48 | 3,280 | 5.04 | 56,670,660.37 | 4.20 | 793 | 6.03 | |||||||||
49 - 60 | 28,089 | 43.19 | 561,223,960.68 | 41.57 | 783 | 7.53 | |||||||||
61 - 66 | 4,359 | 6.70 | 94,557,264.47 | 7.00 | 780 | 7.62 | |||||||||
67 - 72 | 24,604 | 37.83 | 550,369,106.40 | 40.77 | 775 | 10.17 | |||||||||
73 - 84 | 3,342 | 5.14 | 67,795,055.23 | 5.02 | 762 | 22.46 | |||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | 9.28 | ||||||
Distribution of the Receivables by Scheduled Remaining Term as of the Cut-off Date
Scheduled Remaining Term (months) | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
1 - 12 | 1,967 | 3.02 | % | $ | 6,976,024.14 | 0.52 | % | 718 | |||||
13 - 24 | 3,854 | 5.93 | 26,645,652.10 | 1.97 | 720 | ||||||||
25 - 36 | 6,221 | 9.57 | 75,928,500.83 | 5.62 | 746 | ||||||||
37 - 48 | 10,366 | 15.94 | 174,636,790.57 | 12.94 | 759 | ||||||||
49 - 60 | 24,287 | 37.34 | 563,281,694.10 | 41.72 | 785 | ||||||||
61 - 66 | 4,644 | 7.14 | 122,042,692.73 | 9.04 | 785 | ||||||||
67 - 72 | 13,700 | 21.06 | 380,496,057.50 | 28.18 | 789 | ||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
A-3
Distribution of the Receivables by Seasoning as of the Cut-off Date
Seasoning (months) | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
1 - 12 | 43,777 | 67.31 | % | $ | 1,078,437,442.90 | 79.88 | % | 789 | |||||
13 - 24 | 7,534 | 11.58 | 124,484,013.39 | 9.22 | 753 | ||||||||
25 - 36 | 6,557 | 10.08 | 92,143,963.82 | 6.83 | 731 | ||||||||
37 - 48 | 3,559 | 5.47 | 35,788,434.54 | 2.65 | 726 | ||||||||
49 - 60 | 2,613 | 4.02 | 15,570,770.50 | 1.15 | 702 | ||||||||
61 - 66 | 992 | 1.53 | 3,543,024.05 | 0.26 | 715 | ||||||||
67 - 72 | 3 | 0.00 | (1) | 20,487.03 | 0.00 | (1) | 722 | ||||||
73 - 78 | 4 | 0.01 | 19,275.74 | 0.00 | (1) | 718 | |||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Greater than 0.00% but less than 0.01% |
Distribution of the Receivables Pool by Original Principal Balance
Original Principal Balance | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
0.01 - 5,000.00 | 4 | 0.01 | % | $ | 10,537.19 | 0.00 | %(1) | 739 | |||||
5,000.01 - 10,000.00 | 1,656 | 2.55 | 9,634,145.18 | 0.71 | 765 | ||||||||
10,000.01 - 15,000.00 | 6,870 | 10.56 | 64,253,570.56 | 4.76 | 776 | ||||||||
15,000.01 - 20,000.00 | 13,400 | 20.60 | 182,781,574.97 | 13.54 | 781 | ||||||||
20,000.01 - 25,000.00 | 14,288 | 21.97 | 258,834,284.17 | 19.17 | 783 | ||||||||
25,000.01 - 30,000.00 | 11,544 | 17.75 | 261,481,054.07 | 19.37 | 782 | ||||||||
30,000.01 - 35,000.00 | 7,457 | 11.47 | 200,866,259.79 | 14.88 | 779 | ||||||||
35,000.01 - 40,000.00 | 4,235 | 6.51 | 132,482,561.59 | 9.81 | 776 | ||||||||
40,000.01 - 45,000.00 | 2,340 | 3.60 | 84,549,166.98 | 6.26 | 775 | ||||||||
45,000.01 - 50,000.00 | 1,290 | 1.98 | 51,919,324.95 | 3.85 | 772 | ||||||||
50,000.01 - 55,000.00 | 726 | 1.12 | 32,335,766.50 | 2.40 | 772 | ||||||||
55,000.01 - 60,000.00 | 411 | 0.63 | 20,382,484.97 | 1.51 | 770 | ||||||||
60,000.01 - 65,000.00 | 256 | 0.39 | 13,687,069.11 | 1.01 | 764 | ||||||||
65,000.01 - 70,000.00 | 189 | 0.29 | 10,824,083.20 | 0.80 | 764 | ||||||||
70,000.01 - 75,000.00 | 140 | 0.22 | 8,536,669.05 | 0.63 | 769 | ||||||||
75,000.01 - 80,000.00 | 72 | 0.11 | 4,975,234.84 | 0.37 | 767 | ||||||||
80,000.01 - 85,000.00 | 74 | 0.11 | 5,233,591.69 | 0.39 | 765 | ||||||||
85,000.01 - 90,000.00 | 29 | 0.04 | 2,191,476.70 | 0.16 | 773 | ||||||||
90,000.01 - 95,000.00 | 30 | 0.05 | 2,505,336.75 | 0.19 | 766 | ||||||||
95,000.01 - 100,000.00 | 28 | 0.04 | 2,523,219.71 | 0.19 | 763 | ||||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Greater than 0.00% but less than 0.01% |
A-4
Distribution of the Receivables Pool by Cut-off Date Balance
Cut-off Date Balance | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
0.01 – 5,000.00 | 3,271 | 5.03 | % | $ | 11,136,787.42 | 0.82 | % | 721 | |||||
5,000.01 – 10,000.00 | 7,223 | 11.11 | 55,175,536.28 | 4.09 | 740 | ||||||||
10,000.01 – 15,000.00 | 10,144 | 15.60 | 128,426,620.99 | 9.51 | 768 | ||||||||
15,000.01 – 20,000.00 | 13,078 | 20.11 | 229,669,305.93 | 17.01 | 783 | ||||||||
20,000.01 – 25,000.00 | 11,719 | 18.02 | 262,692,857.15 | 19.46 | 786 | ||||||||
25,000.01 – 30,000.00 | 8,655 | 13.31 | 236,697,428.28 | 17.53 | 785 | ||||||||
30,000.01 – 35,000.00 | 4,908 | 7.55 | 158,507,535.70 | 11.74 | 782 | ||||||||
35,000.01 – 40,000.00 | 2,603 | 4.00 | 97,038,888.46 | 7.19 | 780 | ||||||||
40,000.01 – 45,000.00 | 1,522 | 2.34 | 64,215,286.14 | 4.76 | 777 | ||||||||
45,000.01 – 50,000.00 | 751 | 1.15 | 35,491,557.66 | 2.63 | 776 | ||||||||
50,000.01 – 55,000.00 | 439 | 0.67 | 22,953,813.98 | 1.70 | 773 | ||||||||
55,000.01 – 60,000.00 | 248 | 0.38 | 14,210,036.61 | 1.05 | 769 | ||||||||
60,000.01 – 65,000.00 | 160 | 0.25 | 9,990,333.11 | 0.74 | 769 | ||||||||
65,000.01 – 70,000.00 | 111 | 0.17 | 7,451,190.75 | 0.55 | 776 | ||||||||
70,000.01 – 75,000.00 | 75 | 0.12 | 5,425,764.46 | 0.40 | 767 | ||||||||
75,000.01 – 80,000.00 | 62 | 0.10 | 4,812,172.11 | 0.36 | 772 | ||||||||
80,000.01 – 85,000.00 | 21 | 0.03 | 1,717,673.14 | 0.13 | 763 | ||||||||
85,000.01 – 90,000.00 | 29 | 0.04 | 2,548,667.16 | 0.19 | 768 | ||||||||
90,000.01 – 95,000.00 | 19 | 0.03 | 1,750,893.87 | 0.13 | 764 | ||||||||
95,000.01 – 100,000.00 | 1 | 0.00 | (1) | 95,062.77 | 0.01 | 789 | |||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Greater than 0.00% but less than 0.01% |
A-5
Distribution of the Receivables Pool by Quarter of Origination
Quarter of Origination | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Scores | ||||||||
2004-Q1 | 3 | 0.00 | %(1) | $ | 14,131.01 | 0.00 | %(1) | 728 | |||||
2004-Q2 | 5 | 0.01 | 26,431.61 | 0.00 | (1) | 724 | |||||||
2004-Q3 | 36 | 0.06 | 114,570.42 | 0.01 | 690 | ||||||||
2004-Q4 | 367 | 0.56 | 1,103,061.08 | 0.08 | 707 | ||||||||
2005-Q1 | 589 | 0.91 | 2,430,217.62 | 0.18 | 715 | ||||||||
2005-Q2 | 690 | 1.06 | 3,452,856.83 | 0.26 | 705 | ||||||||
2005-Q3 | 998 | 1.53 | 5,925,592.34 | 0.44 | 703 | ||||||||
2005-Q4 | 470 | 0.72 | 3,177,255.83 | 0.24 | 695 | ||||||||
2006-Q1 | 425 | 0.65 | 3,110,091.44 | 0.23 | 702 | ||||||||
2006-Q2 | 647 | 0.99 | 4,934,060.69 | 0.37 | 718 | ||||||||
2006-Q3 | 883 | 1.36 | 8,049,951.89 | 0.60 | 723 | ||||||||
2006-Q4 | 885 | 1.36 | 9,213,736.63 | 0.68 | 723 | ||||||||
2007-Q1 | 1,057 | 1.63 | 12,612,305.26 | 0.93 | 728 | ||||||||
2007-Q2 | 1,313 | 2.02 | 16,561,761.24 | 1.23 | 729 | ||||||||
2007-Q3 | 1,458 | 2.24 | 20,225,116.84 | 1.50 | 739 | ||||||||
2007-Q4 | 1,323 | 2.03 | 19,290,975.35 | 1.43 | 722 | ||||||||
2008-Q1 | 2,271 | 3.49 | 33,980,518.89 | 2.52 | 731 | ||||||||
2008-Q2 | 1,768 | 2.72 | 26,249,393.57 | 1.94 | 738 | ||||||||
2008-Q3 | 2,305 | 3.54 | 35,727,938.11 | 2.65 | 745 | ||||||||
2008-Q4 | 1,569 | 2.41 | 26,879,662.94 | 1.99 | 757 | ||||||||
2009-Q1 | 1,779 | 2.74 | 31,478,471.91 | 2.33 | 771 | ||||||||
2009-Q2 | 1,686 | 2.59 | 31,679,343.41 | 2.35 | 777 | ||||||||
2009-Q3 | 3,108 | 4.78 | 65,293,701.95 | 4.84 | 787 | ||||||||
2009-Q4 | 19,317 | 29.70 | 484,528,091.03 | 35.89 | 790 | ||||||||
2010-Q1 | 20,084 | 30.88 | 503,890,217.83 | 37.32 | 789 | ||||||||
2010-Q2 | 3 | 0.00 | (1) | 57,956.25 | 0.00 | (1) | 834 | ||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | Greater than 0.00% but less than 0.01% |
A-6
Distribution of the Receivables Pool by Vehicle Model Year
Vehicle Model Year | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
1999 or earlier | 173 | 0.27 | % | $ | 865,934.08 | 0.06 | % | 716 | |||||
2000 | 246 | 0.38 | 1,238,739.19 | 0.09 | 720 | ||||||||
2001 | 521 | 0.80 | 2,910,434.21 | 0.22 | 715 | ||||||||
2002 | 1,139 | 1.75 | 6,992,539.58 | 0.52 | 715 | ||||||||
2003 | 1,610 | 2.48 | 12,797,655.64 | 0.95 | 721 | ||||||||
2004 | 2,741 | 4.21 | 26,886,226.73 | 1.99 | 734 | ||||||||
2005 | 4,838 | 7.44 | 53,423,879.70 | 3.96 | 746 | ||||||||
2006 | 6,631 | 10.20 | 104,720,849.14 | 7.76 | 764 | ||||||||
2007 | 9,735 | 14.97 | 195,288,679.50 | 14.47 | 771 | ||||||||
2008 | 8,503 | 13.07 | 188,280,991.16 | 13.95 | 773 | ||||||||
2009 | 10,795 | 16.60 | 264,947,775.38 | 19.63 | 789 | ||||||||
2010 | 17,964 | 27.62 | 488,406,327.65 | 36.18 | 791 | ||||||||
2011 | 143 | 0.22 | 3,247,380.01 | 0.24 | 796 | ||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
Distribution of the Receivables Pool by Vehicle Make
Vehicle Make | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
Chevrolet | 8,401 | 12.92 | % | $ | 173,629,681.83 | 12.86 | % | 781 | |||||
Ford | 7,269 | 11.18 | 143,746,655.04 | 10.65 | 781 | ||||||||
Toyota | 6,548 | 10.07 | 118,502,035.98 | 8.78 | 781 | ||||||||
Honda | 5,854 | 9.00 | 101,446,093.65 | 7.51 | 784 | ||||||||
Mercedes Benz | 2,278 | 3.50 | 71,796,257.13 | 5.32 | 769 | ||||||||
GMC | 2,903 | 4.46 | 70,873,431.60 | 5.25 | 781 | ||||||||
Nissan | 4,055 | 6.23 | 69,141,074.50 | 5.12 | 774 | ||||||||
Lexus | 2,562 | 3.94 | 68,458,308.89 | 5.07 | 783 | ||||||||
Infiniti | 2,158 | 3.32 | 58,125,430.77 | 4.31 | 782 | ||||||||
Cadillac | 1,745 | 2.68 | 49,239,993.73 | 3.65 | 780 | ||||||||
Unknown(1) | 3 | 0.00 | (3) | 61,173.92 | 0.00 | (3) | 743 | ||||||
Other(2) | 21,263 | 32.69 | 424,987,274.93 | 31.48 | 776 | ||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | “Unknown” vehicle makes are those vehicle makes that are not available as of the cut-off date. |
| (2) | “Other” vehicle makes are those vehicle makes that are able to be determined based on the related receivables pool characteristics, but that cannot individually be assigned to the vehicle makes listed above. “Other” vehicle makes include approximately 37 makes. For the category “other,” no vehicle make individually represents more than 3.54% of the cut-off date balance of such category. |
| (3) | Greater than 0.00% but less than 0.01% |
A-7
Distribution of the Receivables Pool by Vehicle Model
Vehicle Model | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
F150 | 2,029 | 3.12 | % | $ | 43,872,954.63 | 3.25 | % | 780 | |||||
Silverado | 2,008 | 3.09 | 41,311,440.34 | 3.06 | 780 | ||||||||
Tahoe | 1,010 | 1.55 | 25,227,275.66 | 1.87 | 774 | ||||||||
Accord | 1,475 | 2.27 | 22,940,624.86 | 1.70 | 784 | ||||||||
CRV | 1,199 | 1.84 | 21,678,716.84 | 1.61 | 791 | ||||||||
Yukon | 764 | 1.17 | 21,623,491.27 | 1.60 | 776 | ||||||||
RX350 | 729 | 1.12 | 20,471,149.60 | 1.52 | 788 | ||||||||
G37 | 719 | 1.11 | 19,927,002.67 | 1.48 | 789 | ||||||||
Pilot | 907 | 1.39 | 19,437,062.65 | 1.44 | 781 | ||||||||
Sierra | 880 | 1.35 | 19,323,502.39 | 1.43 | 780 | ||||||||
RAM | 987 | 1.52 | 18,965,764.15 | 1.40 | 767 | ||||||||
Range Rover | 410 | 0.63 | 17,292,210.63 | 1.28 | 762 | ||||||||
Escalade | 476 | 0.73 | 16,391,543.97 | 1.21 | 769 | ||||||||
Traverse | 584 | 0.90 | 16,344,576.00 | 1.21 | 794 | ||||||||
Odyssey | 792 | 1.22 | 16,213,620.44 | 1.20 | 785 | ||||||||
Acadia | 565 | 0.87 | 15,820,904.26 | 1.17 | 789 | ||||||||
Equinox | 785 | 1.21 | 15,820,594.72 | 1.17 | 793 | ||||||||
SRX | 504 | 0.77 | 14,397,964.08 | 1.07 | 791 | ||||||||
3-Series | 661 | 1.02 | 14,205,972.17 | 1.05 | 777 | ||||||||
Camaro | 504 | 0.77 | 14,052,063.33 | 1.04 | 786 | ||||||||
Altima | 957 | 1.47 | 14,016,938.64 | 1.04 | 773 | ||||||||
Tacoma | 750 | 1.15 | 13,795,456.26 | 1.02 | 783 | ||||||||
F250 | 489 | 0.75 | 13,024,830.75 | 0.96 | 776 | ||||||||
Suburban | 500 | 0.77 | 12,991,634.57 | 0.96 | 777 | ||||||||
Tundra | 590 | 0.91 | 12,664,125.43 | 0.94 | 779 | ||||||||
Unknown(1) | 224 | 0.34 | 3,556,650.95 | 0.26 | 770 | ||||||||
Other(2) | 43,541 | 66.95 | 864,639,340.71 | 64.05 | 778 | ||||||||
Total: | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
| (1) | “Unknown” vehicle models are those vehicle models that are not available as of the cut-off date. |
| (2) | “Other” vehicle models are those vehicle models that are able to be determined based on the related receivables pool characteristics, but that individually cannot be assigned to the vehicle models listed above. “Other” vehicle models include approximately 543 models. For the category “other,” no vehicle model individually represents more than 0.94% of the cut-off date balance of such category. |
Distribution of the Receivables Pool by Vehicle Type
Vehicle Type | Number of Receivables | Percentage of Number of Receivables | Aggregate Cut-off Date Balance | Percentage of Cut-off Date Balance | Weighted Average FICO® Score | ||||||||
Car | 27,104 | 41.67 | % | $ | 519,310,363.58 | 38.47 | % | 778 | |||||
CUV | 14,725 | 22.64 | 338,335,057.90 | 25.06 | 786 | ||||||||
Pickup | 9,719 | 14.94 | 197,734,505.77 | 14.65 | 778 | ||||||||
SUV | 11,231 | 17.27 | 254,988,689.88 | 18.89 | 772 | ||||||||
Van | 2,260 | 3.47 | 39,638,794.84 | 2.94 | 778 | ||||||||
Total | 65,039 | 100.00 | % | $ | 1,350,007,411.97 | 100.00 | % | 779 | |||||
A-8
Appendix B
Pool | Aggregate Cut-off Date Balance | APR | Remaining Term to Maturity (in Months) | Age | ||||||
1 | $ | 11,394.84 | 2.790 | % | 19 | 5 | ||||
2 | 327,367.27 | 2.935 | 56 | 3 | ||||||
3 | 5,892.70 | 3.968 | 10 | 43 | ||||||
4 | 5,179,512.90 | 3.673 | 31 | 5 | ||||||
5 | 177,908,243.02 | 3.731 | 59 | 4 | ||||||
6 | 229,555.07 | 4.778 | 11 | 41 | ||||||
7 | 11,267,197.07 | 4.695 | 32 | 12 | ||||||
8 | 424,427,198.37 | 4.716 | 59 | 5 | ||||||
9 | 2,236,336.86 | 5.726 | 12 | 47 | ||||||
10 | 15,305,155.36 | 5.642 | 31 | 20 | ||||||
11 | 423,995,284.22 | 5.629 | 60 | 6 | ||||||
12 | 4,367,287.19 | 6.620 | 14 | 51 | ||||||
13 | 15,431,791.80 | 6.582 | 30 | 31 | ||||||
14 | 119,111,956.52 | 6.489 | 57 | 11 | ||||||
15 | 3,929,903.42 | 7.657 | 13 | 54 | ||||||
16 | 14,629,176.18 | 7.584 | 30 | 38 | ||||||
17 | 41,855,609.46 | 7.572 | 49 | 21 | ||||||
18 | 3,784,909.44 | 8.604 | 14 | 54 | ||||||
19 | 13,459,243.67 | 8.624 | 29 | 39 | ||||||
20 | 26,419,966.38 | 8.599 | 47 | 25 | ||||||
21 | 2,241,631.94 | 9.572 | 14 | 55 | ||||||
22 | 7,078,349.74 | 9.539 | 30 | 37 | ||||||
23 | 12,959,783.56 | 9.573 | 46 | 25 | ||||||
24 | 1,366,880.87 | 10.592 | 14 | 55 | ||||||
25 | 3,271,502.70 | 10.530 | 29 | 38 | ||||||
26 | 6,577,763.37 | 10.565 | 46 | 25 | ||||||
27 | 993,775.11 | 11.562 | 14 | 56 | ||||||
28 | 1,984,696.91 | 11.521 | 29 | 41 | ||||||
29 | 3,499,364.70 | 11.522 | 47 | 23 | ||||||
30 | 565,058.78 | 12.503 | 14 | 56 | ||||||
31 | 1,244,238.21 | 12.518 | 28 | 41 | ||||||
32 | 1,675,586.57 | 12.502 | 48 | 22 | ||||||
33 | 176,251.06 | 13.429 | 14 | 54 | ||||||
34 | 551,664.06 | 13.477 | 30 | 40 | ||||||
35 | 880,959.06 | 13.534 | 46 | 24 | ||||||
36 | 33,445.86 | 14.417 | 12 | 56 | ||||||
37 | 154,632.74 | 14.601 | 30 | 37 | ||||||
38 | 424,632.65 | 14.585 | 45 | 24 | ||||||
39 | 4,342.33 | 15.250 | 16 | 44 | ||||||
40 | 19,127.60 | 15.557 | 27 | 38 | ||||||
41 | 266,638.23 | 15.477 | 47 | 25 | ||||||
42 | 9,102.75 | 16.990 | 31 | 5 | ||||||
43 | 37,746.38 | 16.734 | 46 | 22 | ||||||
44 | 89,135.14 | 17.704 | 48 | 21 | ||||||
45 | 18,119.91 | 18.338 | 34 | 26 | ||||||
Total | $ | 1,350,007,411.97 | 5.519 | % | 56 | 9 | ||||
B-1
Appendix C
Percent of the Initial Note Balance at Various ABS Percentages
Class A-1 Notes
Payment Dates | 0.50% | 1.00% | 1.30% | 1.50% | 1.70% | 2.00% | ||||||
Closing Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2010 | 90.01 | 87.69 | 86.09 | 84.83 | 82.99 | 76.97 | ||||||
August 2010 | 80.20 | 75.67 | 72.54 | 70.10 | 66.56 | 59.66 | ||||||
September 2010 | 70.47 | 63.82 | 59.24 | 55.68 | 50.63 | 42.99 | ||||||
October 2010 | 60.81 | 52.48 | 47.04 | 42.84 | 37.09 | 29.00 | ||||||
November 2010 | 52.57 | 42.88 | 36.24 | 31.14 | 24.55 | 15.32 | ||||||
December 2010 | 44.78 | 33.40 | 25.63 | 19.69 | 12.37 | 0.71 | ||||||
January 2011 | 37.04 | 24.04 | 15.21 | 7.92 | 0.00 | 0.00 | ||||||
February 2011 | 29.33 | 14.81 | 4.04 | 0.00 | 0.00 | 0.00 | ||||||
March 2011 | 21.66 | 4.83 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2011 | 14.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2011 | 5.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2011 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Weighted Average Life (years) to Maturity | 0.48 | 0.39 | 0.35 | 0.32 | 0.29 | 0.25 | ||||||
Weighted Average Life (years) to Call | 0.48 | 0.39 | 0.35 | 0.32 | 0.29 | 0.25 |
C-1
Percent of the Initial Note Balance at Various ABS Percentages
Class A-2 Notes
Payment Dates | 0.50% | 1.00% | 1.30% | 1.50% | 1.70% | 2.00% | ||||||
Closing Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
August 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
September 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
October 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
November 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
December 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
January 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 99.17 | 80.64 | ||||||
February 2011 | 100.00 | 100.00 | 100.00 | 94.13 | 81.26 | 60.78 | ||||||
March 2011 | 100.00 | 100.00 | 90.04 | 77.44 | 63.83 | 41.41 | ||||||
April 2011 | 100.00 | 92.82 | 74.66 | 61.15 | 46.79 | 22.66 | ||||||
May 2011 | 100.00 | 78.99 | 59.58 | 45.27 | 30.15 | 4.42 | ||||||
June 2011 | 96.23 | 65.36 | 44.81 | 29.81 | 13.90 | 0.00 | ||||||
July 2011 | 84.59 | 51.99 | 30.40 | 14.78 | 0.00 | 0.00 | ||||||
August 2011 | 73.13 | 38.91 | 16.34 | 0.11 | 0.00 | 0.00 | ||||||
September 2011 | 62.11 | 26.32 | 2.72 | 0.00 | 0.00 | 0.00 | ||||||
October 2011 | 51.16 | 13.90 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2011 | 40.26 | 1.66 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2011 | 29.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2012 | 18.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2012 | 7.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2012 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2013 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Weighted Average Life (years) to Maturity | 1.36 | 1.12 | 0.99 | 0.91 | 0.84 | 0.73 | ||||||
Weighted Average Life (years) to Call | 1.36 | 1.12 | 0.99 | 0.91 | 0.84 | 0.73 |
C-2
Percent of the Initial Note Balance at Various ABS Percentages
Class A-3 Notes
Payment Dates | 0.50% | 1.00% | 1.30% | 1.50% | 1.70% | 2.00% | ||||||
Closing Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
August 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
September 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
October 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
November 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
December 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
January 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
February 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
March 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
April 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
May 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
June 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 93.51 | ||||||
July 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 99.03 | 85.23 | ||||||
August 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 91.31 | 77.23 | ||||||
September 2011 | 100.00 | 100.00 | 100.00 | 92.91 | 83.79 | 69.44 | ||||||
October 2011 | 100.00 | 100.00 | 94.70 | 85.92 | 76.46 | 61.87 | ||||||
November 2011 | 100.00 | 100.00 | 88.17 | 79.09 | 69.34 | 54.51 | ||||||
December 2011 | 100.00 | 94.82 | 81.77 | 72.43 | 62.41 | 47.36 | ||||||
January 2012 | 100.00 | 88.89 | 75.50 | 65.94 | 55.70 | 40.42 | ||||||
February 2012 | 100.00 | 83.06 | 69.37 | 59.61 | 49.20 | 33.77 | ||||||
March 2012 | 98.65 | 77.33 | 63.38 | 53.45 | 42.94 | 27.32 | ||||||
April 2012 | 93.37 | 71.68 | 57.52 | 47.46 | 36.92 | 21.08 | ||||||
May 2012 | 88.12 | 66.13 | 51.81 | 41.64 | 31.10 | 15.05 | ||||||
June 2012 | 82.90 | 60.68 | 46.23 | 35.99 | 25.45 | 9.24 | ||||||
July 2012 | 77.72 | 55.32 | 40.79 | 30.51 | 19.98 | 3.63 | ||||||
August 2012 | 72.56 | 50.06 | 35.49 | 25.21 | 14.69 | 0.00 | ||||||
September 2012 | 67.44 | 44.90 | 30.33 | 20.09 | 9.58 | 0.00 | ||||||
October 2012 | 62.35 | 39.83 | 25.32 | 15.14 | 4.66 | 0.00 | ||||||
November 2012 | 57.31 | 34.87 | 20.45 | 10.37 | 0.00 | 0.00 | ||||||
December 2012 | 52.42 | 30.09 | 15.76 | 5.77 | 0.00 | 0.00 | ||||||
January 2013 | 47.80 | 25.55 | 11.28 | 1.33 | 0.00 | 0.00 | ||||||
February 2013 | 43.33 | 21.19 | 7.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2013 | 38.96 | 16.96 | 2.88 | 0.00 | 0.00 | 0.00 | ||||||
April 2013 | 34.61 | 12.82 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2013 | 30.30 | 8.77 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2013 | 26.02 | 4.80 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2013 | 21.76 | 0.92 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2013 | 17.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2013 | 13.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2013 | 9.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2013 | 5.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
December 2013 | 0.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
January 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
February 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
March 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
April 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Weighted Average Life (years) to Maturity | 2.59 | 2.22 | 1.99 | 1.84 | 1.70 | 1.51 | ||||||
Weighted Average Life (years) to Call | 2.59 | 2.22 | 1.99 | 1.84 | 1.70 | 1.51 |
C-3
Percent of the Initial Note Balance at Various ABS Percentages
Class A-4 Notes
Payment Dates | 0.50% | 1.00% | 1.30% | 1.50% | 1.70% | 2.00% | ||||||
Closing Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
August 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
September 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
October 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
November 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
December 2010 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
January 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
February 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
March 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
April 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
May 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
June 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
August 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
September 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
October 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
November 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
December 2011 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
January 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
February 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
March 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
April 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
May 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
June 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
July 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||||||
August 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 96.06 | ||||||
September 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 83.49 | ||||||
October 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 71.45 | ||||||
November 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 99.81 | 59.93 | ||||||
December 2012 | 100.00 | 100.00 | 100.00 | 100.00 | 88.33 | 49.24 | ||||||
January 2013 | 100.00 | 100.00 | 100.00 | 100.00 | 77.31 | 39.03 | ||||||
February 2013 | 100.00 | 100.00 | 100.00 | 92.72 | 66.82 | 29.31 | ||||||
March 2013 | 100.00 | 100.00 | 100.00 | 82.53 | 56.83 | 20.08 | ||||||
April 2013 | 100.00 | 100.00 | 97.17 | 72.70 | 47.32 | 11.30 | ||||||
May 2013 | 100.00 | 100.00 | 87.40 | 63.25 | 38.40 | 2.98 | ||||||
June 2013 | 100.00 | 100.00 | 77.94 | 54.17 | 29.89 | 0.00 | ||||||
July 2013 | 100.00 | 100.00 | 68.80 | 45.46 | 21.80 | 0.00 | ||||||
August 2013 | 100.00 | 92.78 | 59.96 | 37.13 | 14.16 | 0.00 | ||||||
September 2013 | 100.00 | 83.45 | 51.44 | 29.18 | 7.02 | 0.00 | ||||||
October 2013 | 100.00 | 74.35 | 43.24 | 21.62 | 0.00 | 0.00 | ||||||
November 2013 | 100.00 | 65.48 | 35.35 | 14.44 | 0.00 | 0.00 | ||||||
December 2013 | 100.00 | 56.83 | 27.79 | 7.67 | 0.00 | 0.00 | ||||||
January 2014 | 92.23 | 48.41 | 20.55 | 0.00 | 0.00 | 0.00 | ||||||
February 2014 | 82.09 | 40.22 | 13.64 | 0.00 | 0.00 | 0.00 | ||||||
March 2014 | 72.03 | 32.26 | 7.06 | 0.00 | 0.00 | 0.00 | ||||||
April 2014 | 62.06 | 24.54 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
May 2014 | 52.38 | 17.16 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
June 2014 | 43.07 | 10.16 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
July 2014 | 33.86 | 3.38 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
August 2014 | 25.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
September 2014 | 16.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
October 2014 | 7.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
November 2014 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Weighted Average Life (years) to Maturity | 3.96 | 3.60 | 3.30 | 3.08 | 2.85 | 2.53 | ||||||
Weighted Average Life (years) to Call | 3.94 | 3.57 | 3.28 | 3.06 | 2.83 | 2.52 |
C-4