BBVA RMBS 23 FTA: 24 June 2024

The portfolio will consist of 51,476 repayment mortgage loans owned by BBVA and granted to borrowers residing in Spain with senior ranked real estate mortgage security on finished homes (and their annexes - parking spaces and/or lumber rooms - if any) located in Spain.

Occupancy type: owner-occupied – 96.4%, second homes – 3.6%. Out of the selected mortgage loans, 97% in terms of outstanding principal are mortgage loans granted by BBVA to Spanish individual obligors, whereas the remaining 3% are foreign individual obligors resident in Spain. The average current balance per loan is Eur120,772. Interest rate type: variable - 53.4%, fixed rate - 46.6%. The current WA LTV is 56.6% (original LTV was 75.1%) and the WA seasoning is 30.58 months. Regional concentration (by current balances): Catalonia - 25.7%, Andalucia - 17.3% and Madrid - 15.4%.