“The mortgage pool backing SAFT 2013-2 is comprised of 431 first-lien mortgage loans with an aggregate principal balance of $308,637,045 as of the cut-off date,” Kroll said in its presale report. “The loans in the pool are nearly all fixed-rate mortgages with 426 loans having 30-year maturities and two of the FRMs having 15-year maturities.”
“The remaining three loans are hybrid adjustable-rate mortgages. There are 11 10-year interest-only loans in the pool.”
According to the report, the collateral pool has a weighted average loan-to-value ratio of 65% and combined LTV of 65%. Its original weighted average credit score is 773, excluding loans from foreign nationals without Fair Isaac & Co. scores.