BBVA RMBS 4 FTA

The latest prime RMBS transaction from originator BBVA sees a provisional portfolio of 35,503 first-lien
residential mortgage loans being assembled. All have been originated via the BBVA branch network bet-
ween 2000-2007, with a weighted average seasoning of 1.77yrs. The vast majority of the loans (99.85%)
are secured by a first-lien mortgage guarantee with a current LTV lower than 80%. Overall, the total
weighted average LTV ratio is 73.97%.

All the properties are owner-occupied, and almost all of the loans comprise of floating-rate mortgage loans
that are indexed to one-year EURIBOR rates. The average loan size is Eur147,964, and only 3.98% of the
pool comprises of loans of over Eur400,000. Geographically, the three top regions are: Andalucia (20.82%)
, Catalonia (20.37%), and Comunidad Valenciana (14.00%).


Compare/contrast: BBVA RMBS 3, Bankinter 15, FTdA Santander Hipotecario 4.
BBVA RMBS 3 FTABankinter 15FTdA Santander Hipotecario 4