ABS-15G 1 t1601758_abs15g.htm FORM ABS-15G

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM ABS-15G

ASSET-BACKED SECURITIZER

REPORT PURSUANT TO SECTION 15G OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

 

¨ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period

 

                                to                            

 

Date of Report (Date of earliest event reported)                                                                                              

 

Commission File Number of securitizer:                                                                                                              

 

Central Index Key Number of securitizer:                                                                                                       

 

 
Name and telephone number, including area code, of the person to
contact in connection with this filing.

 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ¨

 

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ¨

 

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ¨

 

x Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

 

Central Index Key Number of depositor: 0001645975

 

Agate Bay Mortgage Trust 2016-3
(Exact name of issuing entity as specified in its charter)

 

Central Index Key Number of issuing entity (if applicable): Not applicable

Central Index Key Number of underwriter (if applicable): Not applicable

 

Rebecca Sandberg

(612) 629-2500 

 
Name and telephone number, including area code, of the person to
contact in connection with this filing

  

 

 

 

 

 

PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

 

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

 

 

 

 

EXHIBIT INDEX

 

99.1 Clayton Services LLC (“Clayton”) Due Diligence Narrative Report
99.2 Clayton Loan Level Tape Compare Upload
99.3 Clayton Rating Agency ATR QM Data Fields
99.4 Clayton Valuations Summary
99.5 Clayton Conditions Report 2.0
99.6 Clayton Waived Conditions Summary
99.7 AMC Diligence, LLC (“AMC”) Due Diligence Executive Summary
99.8 AMC Loan Level Data Compare
99.9 AMC Rating Agency ATR QM Data Fields
99.10 AMC Waived Conditions Report
99.11 AMC Valuations Summary
99.12 AMC Exception Grades
99.13 AMC Rating Agency Grades Report  
99.14 Wells Fargo Bank, N.A. Loan File to Data Tape Compare
99.15 Ernst & Young LLP Report of Independent Accountants on Applying Agreed-Upon Procedures, dated as of July 18, 2016
99.16 Ernst & Young LLP Report of Independent Accountants on Applying Agreed-Upon Procedures, dated as of July 27, 2016

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 28, 2016

 

  AGATE BAY RESIDENTIAL MORTGAGE SECURITIES LLC
  (Depositor)
       
  By: /s/ Brad Farrell
    Name: Brad Farrell
    Title: Vice President and Chief Financial Officer
      (Senior officer in charge of securitization of the Depositor)