ABS-15G 1 d217964dabs15g.htm ABS-15G ABS-15G

 

 

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

VANDERBILT MORTGAGE AND FINANCE, INC.1

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 annual reporting period January 1, 2021 to December 31, 2021

Date of Report (Date of earliest event reported): February 8, 2022

Commission File Number of securitizer:                     

Central Index Key Number of securitizer: 0000816512

Justin Ferguson (865) 380-3000 Ext. 2618

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)  ☐

 

1 

Vanderbilt Mortgage and Finance, Inc., as securitizer, is filing this Form ABS-15G in respect of all asset-backed securities sponsored by it and outstanding during the reporting period. Vanderbilt Mortgage and Finance, Inc. is also a securitizer of asset-backed securities guaranteed by Ginnie Mae (“GNMA MBS”). Vanderbilt Mortgage and Finance, Inc. has no repurchase activity to report for the annual reporting period except for the specific GNMA MBS issuance(s) described in Item 1.02 of this Form ABS-15G.

 

 

 

 

REPRESENTATION AND WARRANTY INFORMATION

Item 1.02 Periodic Filing of Rule 15Ga-1 Representation and Warranties Disclosure

As a securitizer of GNMA MBS, Vanderbilt Mortgage and Finance, Inc. provides the tabular disclosures below with respect to the specific GNMA MBS issuance(s) (identified by Pool #) for which there was reportable repurchase activity during the reporting period covered by this Form ABS-15G.

 

Name of Issuing Entity(1)

(a)

      

Check

if
Registered

(b)

      

Name of
Originator

(c)

       Total Assets in ABS
by Originator(2)
# $ (%)
(d) (e) (f)		     Assets That Were
Subject of
Demand(3)
# $ (%)
(g) (h) (i)		     Assets That were
Repurchased or
Replaced(3)
# $ (%)
(j) (k) (l)		     Assets
Pending
Repurchase or
Replacement
(within cure
period)
# $ (%)
(m) (n) (o)		   Demand in
Dispute
# $ (%)
(p) (q) (r)		   Demand
Withdrawn
# $ (%)
(s) (t) (u)		   Demand
Rejected
# $ (%)
(v) (w) (x)

GNMA-II Pool # BW1750

         Vanderbilt Mortgage and Finance, Inc.       83 / 20,105,786.82 / 100 %      1 / 221,488.51 / 1.10 %      1 / 221,488.51 / 1.10 %    000   000   000   000

GNMA-II Pool # BW1753

         Vanderbilt Mortgage and Finance, Inc.       35 / 10,322,546.24 / 100 %      1 / 248,318.52 / 2.41 %      1 / 248,318.52 / 2.41 %    000   000   000   000

GNMA-II Pool # BZ2585

         Vanderbilt Mortgage and Finance, Inc.       90 / 22,513,721.58 / 100 %      1 / 279,207.27 / 1.24 %      1 / 279,207.27 / 1.24 %    000   000   000   000

GNMA-II Pool # BZ2586

         Vanderbilt Mortgage and Finance, Inc.       15 / 1,852,340.10 / 100 %      1 / 120,926.00 / 6.53 %      1 / 120,926.00 / 6.53 %    000   000   000   000

GNMA-II Pool # BZ2591

         Vanderbilt Mortgage and Finance, Inc.       16 / 4,806,205.62 / 100 %      1 / 272,818.35 / 5.68 %      1 / 272,818.35 / 5.68 %    000   000   000   000

GNMA-II Pool # BZ2594

         Vanderbilt Mortgage and Finance, Inc.       10 / 2,211,720.21 / 100 %      1 / 279,462.84 / 12.64 %      1 / 279,462.84 / 12.64 %    000   000   000   000

GNMA-II Pool # BZ2597

         Vanderbilt Mortgage and Finance, Inc.       39 / 11,502,536.06 / 100 %      1 / 344,855.45 / 3.00 %      1 / 344,855.45 / 3.00 %    000   000   000   000

GNMA-II Pool # CB3214

         Vanderbilt Mortgage and Finance, Inc.       12 / 2,264,917.44 / 100 %      1 / 265,166.82 / 11.71 %      1 / 265,166.82 / 11.71 %    000   000   000   000

GNMA-II Pool # CB3260

         Vanderbilt Mortgage and Finance, Inc.       30 / 9,107,185.26 / 100 %      1 / 58,741.26 / 0.64 %      1 / 58,741.26 / 0.64 %    000   000   000   000

Total(4)

        

Vanderbilt Mortgage and

Finance, Inc.

       330 / 84,686,959.33 / 100 %      9 / 2,090,985.02 / 2.47 %      9 / 2,090,985.02 / 2.47 %    000   000   000   000

 

(1)

GNMA-II is the abbreviation for Ginnie Mae II Mortgage Backed Securities (Manufactured Home Loans, including Combination Loans on Manufactured Homes and Lots). The specified GNMA-II pool(s) (for which there was repurchase activity during the reporting period covered by this Form ABS-15G) are identified by pool number.

(2)

The information reported in columns (d) through (f) is by principal balance of pool assets at the time of the respective securitization.    

(3)

The information reported herein describes repurchase(s) of certain assets from the applicable GNMA-II pool as required by the Ginnie Mae guidelines, regardless of whether an actual demand to repurchase such assets was ever made by Ginnie Mae. The information reported in columns (g) through (l) is for the reporting period and the respective percentages are determined using principal balance of pool assets as of the reporting period end date.

(4)

“Total” row of information only applies to the GNMA-II pools referenced in column (a) for which there was repurchase activity to report for the annual reporting period.

SIGNATURES

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: February 8, 2022       VANDERBILT MORTGAGE AND FINANCE, INC.
        (Securitizer)
      By:  

/s/ Justin Ferguson

       

Name:   Justin Ferguson

Title:     Business Analytics Director