Transaction Details

The NGN Program is a series of thirteen securitization transactions. The terms and characteristics of each securitization vary and the table below provides a summary of each transaction, by closing date.

Transaction Details
Trust Name Trust Type Collateral Type Closing Date Note Tranches Issued Balance Contributing AMEs Fixed/ Floating Coupon Cap Maturity Date
2010-R1 Grantor Trust Private Label RMBS October 27, 2010 I-A 3,280,000,000 US Central Floating Libor+ 0.45% 7% October 7, 2020
II-A 566,500,000 US Central Fixed 1.84% N/A
2010-C1 REMIC CMBS November 10, 2010 A1 613,200,000 US Central

Western Corp
Fixed 1.60% N/A October 29, 2020
A2 1,360,800,000 Fixed 2.90% N/A
A-PT 1,786,000,000 Fixed 2.65% N/A
C (Not Offered) 179,000 See Offering Memorandum N/A N/A
2010-R2 Grantor Trust Private Label RMBS November 17, 2010 I-A 2,620,000,000 US Central Floating Libor+ 0.37% 7.0% November 6, 2017
Western Corp
Members United
Southwest
II-A 2,862,000,000 US Central Floating Libor+ 0.47% 7.0% November 5, 2020
Western Corp
Members United
Southwest
2010-R3 Grantor Trust Private Label RMBS December 9, 2010 I-A 1,548,000,000 US Central Floating Libor + 0.56% 8.0% December 8, 2020
Western Corp
Members United
Constitution
Southwest
II-A 1,600,200,000 US Central Floating Libor + 0.56% 8.0% December 8, 2020
Western Corp
Members United
Constitution
Southwest
III-A 370,000,000 US Central Fixed 2.40% N/A December 8, 2020
Western Corp
Members United
Constitution
Southwest
2010-A1 Grantor Trust Private Student Loans December 17, 2010 Senior 1,160,863,000 US Central Floating Libor + 0.35% 7.0% December 10, 2020
Western Corp
Members United
Southwest
2011-R1 Grantor Trust Private Label RMBS January 27, 2011 Senior 1,511,000,000 US Central Floating Libor + 0.45% 8.0% January 8, 2020
Western Corp
Members United
Constitution
Southwest
2011-R2 Grantor Trust RMBS February 11, 2011 Senior 1,253,000,000 US Central Floating Libor + 0.40% 8.0% February 6, 2020
Western Corp
Members United
Constitution
Southwest
2011-C1 Grantor Trust CMBS February 28, 2011 I-A 235,000,000 Western Corp Floating Libor + 0.33% None February 28, 2020
Members United
II-A 605,000,000 US Central Floating Libor + 0.53% 8.0% March 9, 2021
Western Corp
Members United
Constitution
2011-R3 Grantor Trust RMBS March 1, 2011 Senior 1,096,000,000 US Central Floating Libor + 0.40% 8.0% March 11, 2020
Western Corp
Members United
Southwest
Constitution
2011-R4 Grantor Trust Private Label RMBS March 31, 2011 Senior 1,525,000,000 US Central Floating Libor + 0.38% 7.5% March 6, 2020
Western Corp
Members United
Southwest
2011-R5 Grantor Trust Private Label RMBS April 14, 2011 Senior 1,165,000,000 US Central Floating Libor + 0.38% 7.5% April 6, 2020
Western Corp
Members United
Southwest
Constitution
2011-R6 Grantor Trust Private Label RMBS May 5, 2011 Senior 965,000,000 US Central Floating Libor + 0.38% 7.5% May 7, 2020
Western Corp
Members United
Southwest
Constitution
2011-M1 Grantor Trust RMBS
Student Loan ABS
Receivable ABS
Corporate Debt
CDOs
June 15, 2011 A1 730,000,000 US Central

Western Corp

Members United

Southwest

Constitution
Floating Libor + 0.02% None June 12, 2013
A2 425,000,000 Fixed 1.40% None June 12, 2015
A3 380,000,000 Fixed 2.35% None June 12, 2017
A4 300,000,000 Fixed 3.00% None June 12, 2019
A5 375,000,000 Fixed 3.45% None June 12, 2021
Issued Balance Total 28,332,742,000  

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