MBS Bancaja 5 FTA

Another mixed RMBS/CMBS transaction from originator Caja de Ahorres de Valencia, Catellon y Alicante
(Bancaja), where the collateral is first lien mortgages backed by residential properties (89.3%) and
commercial premises (10.7%). Bancaja will act as originator, servicer, and transaction accounts provider.

All of the 16,425 loans are amortizing, with the average loan size being Eur123,597, with WA seasoning
of 14mnths, and WA LTV of 60.63%. It is to be noted that 14.13% of the loans have been granted to non-
Spanish residents, and of the residential mortgages some 37.23% were on second homes..

Geographical concentration: Valencia 46.22% of the pool, Catalonia 9.39%, Madrid 7.39%, Andalusia 6.83%.


Compare/contrast: MBS Bancaja 4
MBS Bancaja 4 FTA