TDA CAM 09

This will be the 18th transaction where assets from Caja de Ahorros del Mediterráneo have been
securitised ans offered into the public market. The original TDA transactions were part of multi-
originator platforms, but in recent years CAM have been prolific in their own right primarily with
RMBS transactions, but also with CLO/SME deals (see Advanced search option.... Originator:
Caja de Ahorros del Mediterráneo).

This particular transaction securitises 16,722 loans granted to individuals, all of which are loans
are first-lien mortgages on residential properties (although 20.95% of the portfolio corresponds to
second homes). All the loans were originated by CAM, and 85.59% of the loans have been grant-
ed to acquire a residence located in mainland Spain (geographic break-down: Valencia 45.17%,
Catalonia 12.49%, Balearic Islands 13.49%, and Murcia 13.45%).

The loans have been originated between 1995 and March 2007, and at closing all the loans will
have paid at least two instalments and no loans with more than 30 days in arrears will be includ-
ed in the pool. Self-employed individuals make up 25.57% of the borrower pool (emploted 71,18%).
100% of the loans are paid via direct debit, with 99.53% of the pool paying on a monthly basis, so
any problems should be identified very quickly. Average seasoning is 1 1/3yrs, with a current WA
LTV of 72.58%.


Compare/contrast: TDA CAM 8, AyT Genova Hipotecaria X, TDA Ibercaja 5