ACIS® (Agency Credit Insurance Structure)

OVERVIEW Product Summary

ACIS (re)insurance contracts transfer a portion of credit risk away from U.S. taxpayers on single-family mortgages that Freddie Mac acquires. Transactions can be linked to specific STACR (Structured Agency Credit Risk) reference pools, allowing (re)insurers co-participation alongside capital markets investors and Freddie Mac, or executed on standalone reference pools.

Characteristics

Large, diversified reference pools

Multiple tranches to accommodate various risk appetites

ACIS transactions have been issued under the following series:

DNA (actual loss) and DN (fixed severity) - Collateral with OLTVs 61 - 80
HQA (actual loss) and HQ (fixed severity) - Collateral with OLTVs 81 – 97
SAP (actual loss) - 15/20-Year Fixed-Rate Mortgages
ARMR (actual loss) - HARP and Relief Refi Collateral
FTR (actual loss) - Off-the-Run Non-Relief Refi Collateral

(Re)insurers are only required to partially collateralize their limit, driven by counterparty ratings and tranche participation

Freddie Mac holds the senior risk, which is unfunded and not issued, a portion of the first-loss piece and at least 5% interest in each tranche
For >20-year mortgages: 12.5-year legal maturity, with early call option at year 5, and early redemption option at year 10
For 15-year mortgages: 7.5-year legal maturity, with early call generally at year 4; any losses on the reference pool that occur beyond year 7.5 are borne by Freddie Mac and do not affect the transaction
Call option(s) included in transactions provide flexibility as deals season

Resources

Disclosure Guides

ACIS Contract Options

Pricing

Download ACIS Chart

STACRï¿½

Aggregation Period

Total Limit of Liability

Initial Limit of Liability

Total Size

Size

Premium

ACIS 2020-DNA2

Jul 2019 - Sep 2019

$342,680,651

M-1H: $127,698,697

M-2H: $142,823,050

B-1H: $51,079,478

B-2H: $21,079,426

B-3H: Fully Retained

3.75%

M-1H: 1.25%

M-2H: 1.40%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 1.00%

M-2H: 1.90%

B-1H: 3.50%

B-2H: 10.20%

B-3H: N/A

ACIS 2020-HQA1

Apr 2019 - Jun 2019

$218,747,233

M-1H: $70,174,636

M-2H: $108,032,713

B-1H: $28,268,634

B-2H: $12,271,250

B-3H: Fully Retained

4.25%

M-1H: 1.25%

M-2H: 1.90%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 1.95%

B-1H: 3.80%

B-2H: 11.75%

B-3H: N/A

ACIS 2020-DNA1

Apr 2019 - Jun 2019

$233,766,605

M-1H: $69,576,897

M-2H: $114,609,205

B-1H: $34,788,448

B-2H: $14,792,055

B-3H: Fully Retained

3.75%

M-1H: 1.00%

M-2H: 1.65%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 1.95%

B-1H: 3.55%

B-2H: 10.50%

B-3H: N/A

ACIS 2019-HQA4

Jan 2019 - Mar 2019

$128,041,657

M-1H: $39,102,502

M-2H: $65,291,369

B-1H: $17,005,225

B-2H: $6,642,561

B-3H: Fully Retained

4.50%

M-1H: 1.25%

M-2H: 2.10%

B-1H: 0.55%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 2.20%

B-1H: 4.10%

B-2H: 12.00%

B-3H: N/A

ACIS 2019-DNA4

Jan 2019 - Mar 2019

$172,347,821

M-1H: $47,218,254

M-2H: $90,909,974

B-1H: $23,609,126

B-2H: $10,610,468

B-3H: Fully Retained

4.00%

M-1H: 1.00%

M-2H: 1.90%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.90%

M-2H: 2.10%

B-1H: 3.75%

B-2H: 10.70%

B-3H: N/A

ACIS 2019-HQA3

Oct 2018 - Dec 2018

$193,656,644

M-1H: $46,283,999

M-2H: $92,567,997

B-1H: $41,660,648

B-2H: $13,144,000

B-3H: Fully Retained

4.50%

M-1H: 1.00%

M-2H: 2.00%

B-1H: 0.90%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 2.20%

B-1H: 4.00%

B-2H: 12.25%

B-3H: N/A

ACIS 2019-FTR2

Jan 2014 - Sep 2018

$87,800,678

M-1H: $27,353,324

M-2H: $39,092,286

B-1H: $12,677,894

B-2H: $8,677,174

B-3H: Fully Retained

3.50%

M-1H: 1.00%

M-2H: 1.40%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 2.05%

B-1H: 3.75%

B-2H: 10.50%

B-3H: N/A

ACIS 2019-DNA3

Oct 2018 - Dec 2018

$250,617,513

M-1H: $62,558,156

M-2H: $131,500,130

B-1H: $31,279,077

B-2H: $25,280,151

B-3H: Fully Retained

4.25%

M-1H: 1.00%

M-2H: 2.15%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.90%

M-2H: 2.20%

B-1H: 4.00%

B-2H: 10.50%

B-3H: N/A

ACIS 2019-ARMR1

Jan 2009 - Dec 2018

$77,842,324

M-1H: $10,939,880

M-2H: $36,295,953

M-3H: $15,244,491

B-1H: $10,661,024

B-2H: $4,700,974

B-3H: Fully Retained

7.00%

M-1H: 0.80%

M-2H: 2.70%

M-3H: 1.25%

B-1H: 1.00%

B-2H: 1.00%

B-3H: 0.25%

M-1H: 0.95%

M-2H: 1.80%

M-3H: 2.75%

B-1H: 4.75%

B-2H: 12.50%

B-3H: N/A

ACIS 2019-FTR1

Nov 2016 - Nov 2017

$46,369,987

B-2H: $46,369,987

B-3H: Fully Retained

0.54%

B-2H: 0.44%

B-3H: 0.10%

B-2H: 10.00%

B-3H: N/A

ACIS 2019-HQA2

Jul 2018 - Sep 2018

$200,278,041

M-1H: $45,291,682

M-2H: $90,583,364

B-1H: $41,757,154

B-2H: $22,645,840

B-3H: Fully Retained

4.50%

M-1H: 1.00%

M-2H: 2.00%

B-1H: 0.90%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 1.00%

M-2H: 2.35%

B-1H: 4.35%

B-2H: 13.00%

B-3H: N/A

ACIS 2019-DNA2

Jul 2018 - Sep 2018

$199,420,322

M-1H: $35,919,320

M-2H: $114,941,823

B-1H: $24,279,590

B-2H: $24,279,590

B-3H: Fully Retained

4.25%

M-1H: 0.75%

M-2H: 2.40%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 0.95%

M-2H: 2.45%

B-1H: 4.50%

B-2H: 10.75%

B-3H: N/A

ACIS 2019-HQA1

Apr 2018 - Jun 2018

$227,732,836

M-1H: $46,492,156

M-2H: $109,141,531

B-1H: $46,492,156

B-2H: $25,606,994

B-3H: Fully Retained

4.50%

M-1H: 0.90%

M-2H: 2.10%

B-1H: 0.90%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 1.05%

M-2H: 2.50%

B-1H: 4.50%

B-2H: 13.00%

B-3H: N/A

ACIS 2019-DNA1

Apr 2018 - Jun 2018

$256,120,532

M-1H: $77,198,079

M-2H: $117,160,286

B-1H: $30,882,936

B-2H: $30,879,231

B-3H: Fully Retained

4.25%

M-1H: 1.25%

M-2H: 1.90%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 1.05%

M-2H: 2.60%

B-1H: 4.55%

B-2H: 10.70%

B-3H: N/A

ACIS 2019-SAP1

March 2018 - November 2018

$251,677,347

M-1: $68,639,277

M-2: $$91,519,035

B-1: $45,759,518

B-2: $45,759,518

B-3: Fully Retained

1.70%

M-1: 0.45%

M-2: 0.60%

B-1: 0.30%

B-2: 0.30%

B-3: 0.05%

M-1: 0.90%

M-2: 2.65%

B-1: 4.70%

B-2: 9.75%

B-3: N/A

ACIS 2018-HQA2

December 2016 - March 2018

$340,889,134

M-1H: $87,816,973

M-2H: $160,065,297

B-1H: $43,908,487

B-2H: $49,098,377

B-3H: Fully Retained

4.00%

M-1H: 1.00%

M-2H: 1.85%

B-1H: 0.50%

B-2H: 0.55%

B-3H: 0.10%

M-1H: 1.05%

M-2H: 2.90%

B-1H: 4.85%

B-2H: 13.00%

B-3H: N/A

ACIS 2018-DNA3

December 2017 - March 2018

$277,191,038

M-1H: $71,328,645

M-2H: $134,533,749

B-1H: $35,664,322

B-2H: $35,664,322

B-3H: Fully Retained

4.00%

M-1H: 1.00%

M-2H: 1.90%

B-1H: 0.50%

B-2H: 0.50%

B-3H: 0.10%

M-1H: 1.05%

M-2H: 2.70%

B-1H: 4.50%

B-2H: 9.90%

B-3H: N/A

ACIS 2018-AFRM1

January 2018 - June 2019

$399,000,000

M-1: $114,000,000

M-2: $228,000,000

B-1: $57,000,000

B-2: Fully Retained

4.10%

M-1: 1.00%

M-2: 2.00%

B-1: 0.50%

B-2: 0.60%

M-1: 1.14%

M-2: 3.18%

B-1: 5.22%

B-2: N/A

ACIS 2018-DNA2

November 2016 - November 2017

$356,302,993

M-1H: $118,767,664

M-2H: $178,151,496

B-1H: $59,383,833

B-2H: Fully Retained

3.50%

M-1H: 1.00%

M-2H: 1.50%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 1.05%

M-2H: 2.70%

B-1H: 4.50%

B-2H: N/A

ACIS 2018-ARMR1

January 2012 - March 2013

$294,230,651

M-1H: Fully Retained

M-2H: $121,505,875

B-1H: $86,362,388

B-2H: $86,362,388

4.50%

M-1H: 0.25%

M-2H: 1.75%

B-1H: 1.25%

B-2H: 1.25%

M-1H: N/A

M-2H: 1.95%

B-1H: 3.95%

B-2H: 11.95%

ACIS 2018-SAP1

May 2017 - February 2018

$300,128,050

M-1: $109,137,473

M-2: $136,421,841

B-1: $54,568,736

B-2: Fully Retained

1.95%

M-1: 0.60%

M-2: 0.75%

B-1: 0.30%

B-2: 0.30%

M-1: 0.85%

M-2: 2.75%

B-1: 4.75%

B-2: N/A

ACIS 2018-HQA1

April 2017 - September 2017

$348,339,242

M-1H: $79,757,759

M-2H: $218,109,766

B-1H: $50,471,717

B-2H: Fully Retained

4.00%

M-1H: 0.80%

M-2H: 2.20%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 0.85%

M-2H: 2.90%

B-1H: 4.75%

B-2H: N/A

ACIS 2018-DNA1

April 2017 - July 2017

$254,834,295

M-1H: $66,955,331

M-2H: $152,902,089

B-1H: $34,976,874

B-2H: Fully Retained

4.00%

M-1H: 0.90%

M-2H: 2.10%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 0.85%

M-2H: 2.70%

B-1H: 4.50%

B-2H: N/A

ACIS 2017-ARMR1 (2017-9)

April 2009 - December 2011

$285,102,383

M-1H: Fully Retained

M-2H: $221,515,010

B-1H: $32,187,443

B-2H: $31,399,930

4.50%

M-1H: 0.75%

M-2H: 2.25%

B-1H: 0.75%

B-2H: 0.75%

M-1H: N/A

M-2H: 2.75%

B-1H: 4.80%

B-2H: 11.75%

ACIS 2017-HQA3 (2017-8)

December 2016 - March 2017

$222,313,012

M-1H: $44,462,602

M-2H: $150,061,283

B-1H: $27,789,126

B-2H: Fully Retained

4.50%

M-1H: 0.80%

M-2H: 2.70%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 0.80%

M-2H: 2.70%

B-1H: 4.40%

B-2H: N/A

ACIS 2017-DNA3 (2017-7)

November 2016 - March 2017

$400,229,753

M-1H: $133,409,918

M-2H: $200,114,876

B-1H: $66,704,959

B-2H: Fully Retained

3.50%

M-1H: 1.00%

M-2H: 1.50%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 0.85%

M-2H: 2.75%

B-1H: 4.50%

B-2H: N/A

ACIS 2017-AFRM1 (2017-6)

July 2017-December 2019

$648,375,000

M-1: $199,500,000

M-2: $349,125,000

B-1: $99,750,000

B-2: Fully Retained

3.75%

M-1: 1.00%

M-2: 1.75%

B-1: 0.50%

B-2: 0.50%

M-1: 1.10%

M-2: 3.20%

B-1: 5.40%

B-2: N/A

ACIS 2017-HQA2 (2017-5)

August 2016 - November 2016

$263,301,282

M-1H: $75,228,937

M-2H: $150,457,876

B-1H: $37,614,469

B-2H: Fully Retained

4.00%

M-1H: 1.00%

M-2H: 2.00%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 1.10%

M-2H: 3.10%

B-1H: 4.70%

B-2H: N/A

ACIS 2017-SAP1 (2017-4)

October 2016 - April 2017

$168,462,057

M-1: $22,765,143

M-2: $54,636,343

M-3: $63,742,400

M-4: $27,318,171

B: Fully Retained

2.15%

M-1: 0.25%

M-2: 0.60%

M-3: 0.70%

M-4: 0.30%

B: 0.30%

M-1: 0.95%

M-2: 1.70%

M-3: 4.10%

M-4: 6.90%

B: N/A

ACIS 2017-DNA2 (2017-3)

July 2016 - October 2016

$440,296,596

M-1H: $176,131,394

M-2H: $190,785,979

B-1H: $73,379,223

B-2H: Fully Retained

3.50%

M-1H: 1.20%

M-2H: 1.30%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 1.10%

M-2H: 3.25%

B-1H: 4.95%

B-2H: N/A

ACIS 2017-HQA1 (2017-2)

April 2016 - July 2016

$252,305,191

M-1H: $71,738,780

M-2H: $161,431,735

B-1H: $19,134,676

B-2H: Fully Retained

4.25%

M-1H: 1.00%

M-2H: 2.25%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 1.20%

M-2H: 3.50%

B-1H: 5.00%

B-2H: N/A

ACIS 2017-DNA1 (2017-1)

April 2016 - June 2016

$263,607,928

M-1H: $97,172,197

M-2H: $125,109,168

B-1H: $41,326,563

B-2H: Fully Retained

3.75%

M-1H: 1.20%

M-2H: 1.55%

B-1H: 0.50%

B-2H: 0.50%

M-1H: 1.20%

M-2H: 3.25%

B-1H: 5.25%

B-2H: N/A

ACIS 2016-SAP1 (2016-10)

January 2016 - September 2016

$284,895,698

M-1: $35,611,962

M-2: $85,468,709

M-3: $121,080,672

M-4: $42,734,355

B: Fully Retained

2.15%

M-1: 0.25%

M-2: 0.60%

M-3: 0.85%

M-4: 0.30%

B: 0.15%

M-1: 0.80%

M-2: 1.40%

M-3: 3.25%

M-4: 5.60%

B: N/A

ACIS 2016-HQA4 (2016-9)

January 2016 - March 2016

$148,248,710

M-1H: $35,887,933

M-2H: $36,123,237

M-3H: $59,634,806

B-H: $16,602,734

5.50%

M-1H: 1.23%

M-2H: 1.23%

M-3H: 2.05%

B-H: 1.00%

M-1H: 0.90%

M-2H: 2.00%

M-3H: 4.05%

B-H: 9.15%

ACIS 2016-DNA4 (2016-8)

January 2016 - March 2016

$266,268,986

M-1H: $58,177,260

M-2H: $59,001,463

M-3H: $118,002,925

B-H: $31,087,338

5.00%

M-1H: 1.00%

M-2H: 1.00%

M-3H: 2.00%

B-H: 1.00%

M-1H: 0.90%

M-2H: 1.85%

M-3H: 3.75%

B-H: 8.75%

ACIS 2016-HQA3 (2016-7)

October 2015 - December 2015

$195,144,027

M-1H: $50,370,635

M-2H: $52,951,891

M-3H: $72,563,703

B-H: $19,257,798

5.50%

M-1H: 1.30%

M-2H: 1.35%

M-3H: 1.85%

B-H: 1.00%

M-1H: 0.95%

M-2H: 2.30%

M-3H: 4.25%

B-H: 9.35%

ACIS 2016-DNA3 (2016-6)

October 2015 - December 2015

$276,817,989

M-1H: $61,418,671

M-2H: $58,347,738

M-3H: $125,908,276

B-H: $31,143,305

5.00%

M-1H: 1.00%

M-2H: 0.95%

M-3H: 2.05%

B-H: 1.00%

M-1H: 1.10%

M-2H: 2.15%

M-3H: 4.00%

B-H: 9.25%

ACIS 2016-HQA2 (2016-5)

July 2015 - September 2015

$208,003,123

M-1H: $41,307,378

M-2H: $61,961,068

M-3H: $82,614,757

B-H: $22,119,919

5.50%

M-1H: 1.00%

M-2H: 1.50%

M-3H: 2.00%

B-H: 1.00%

M-1H: 1.10%

M-2H: 2.30%

M-3H: 4.50%

B-H: 9.50%

ACIS 2016-DNA2 (2016-4)

July 2015 - September 2015

$303,275,930

M-1H: $55,729,625

M-2H: $59,507,008

M-3H: $148,767,507

B-H: $39,271,798

5.00%

M-1H: 0.85%

M-2H: 0.90%

M-3H: 2.25%

B-H: 1.00%

M-1H: 1.20%

M-2H: 2.30%

M-3H: 4.00%

B-H: 8.95%

ACIS 2016-SAP1 (2016-3)

July 2015 - December 2015

$201,366,856

M-1: $25,170,857

M-2: $60,410,057

M-3: $85,580,914

M-4: $30,205,028

B: Fully Retained

2.15%

M-1: 0.25%

M-2: 0.60%

M-3: 0.85%

M-4: 0.30%

B: 0.15%

M-1: 0.85%

M-2: 1.50%

M-3: 3.50%

M-4: 5.75%

B: N/A

ACIS 2016-HQA1 (2016-2)

April 2015 - June2015

$336,301,425

M-1H: $77,364,375

M-2H: $84,397,500

M-3H: $154,728,751

B-H: $19,810,799

5.50%

M-1H: 1.10%

M-2H: 1.20%

M-3H: 2.20%

B-H: 1.00%

M-1H: 1.10%

M-2H: 2.50%

M-3H: 4.50%

B-H: 8.95%

ACIS 2016-DNA1 (2016-1)

April 2015 - June 2015

$450,645,659

M-1H: $104,309,951

M-2H: $99,342,811

M-3H: $193,718,481

B-H: $53,274,416

5.00%

M-1H: 1.05%

M-2H: 1.00%

M-3H: 1.95%

B-H: 1.00%

M-1H: 1.20%

M-2H: 2.60%

M-3H: 4.00%

B-H: 8.35%

ACIS 2015-HQA1 (2015-10)

August 2014 - November 2014

$135,571,239

M-1H: $23,663,956

M-2H: $54,137,905

M-3H: $40,904,195

B-H: $16,865,184

5.95%

M-1H: 1.00%

M-2H: 2.25%

M-3H: 1.70%

B-H: 1.00%

M-1H: 1.15%

M-2H: 2.40%

M-3H: 4.10%

B-H: 8.30%

ACIS 2015-HQA2 (2015-9)

December 2014 - March 2015

$372,815,593

M-1H: $62,465,810

M-2H: $153,041,234

M-3H: $121,808,329

B-H: $35,500,220

6.40%

M-1H: 1.00%

M-2H: 2.45%

M-3H: 1.95%

B-H: 1.00%

M-1H: 1.10%

M-2H: 2.50%

M-3H: 4.50%

B-H: 8.95%

ACIS 2015-DNA3 (2015-8)

December 2014 - March 2015

$702,419,287

M-1H: $129,674,781

M-2H: $285,284,514

M-3H: $213,963,388

B-H: $73,496,603

5.85%

M-1H: 1.00%

M-2H: 2.20%

M-3H: 1.65%

B-H: 1.00%

M-1H: 1.10%

M-2H: 2.50%

M-3H: 4.00%

B-H: 8.35%

ACIS 2015-DNA2 (2015-7)

August 2014 - November 2014

$502,815,541

M-1H: $101,476,652

M-2H: $207,663,075

M-3H: $103,831,537

B-H: $89,844,277

5.50%

M-1H: 1.00%

M-2H: 2.00%

M-3H: 1.00%

B-H: 1.50%

M-1H: 1.00%

M-2H: 2.30%

M-3H: 3.75%

B-H: 7.40%

ACIS 2015-DNA1 (2015-6)

October 2012 - December 2012

$132,549,518

M-1H: $21,930,592

M-2H: $22,787,612

M-3H: $28,484,515

B-H: $59,346,799

4.25%

M-1H: 1.00%

M-2H: 1.00%

M-3H: 1.25%

B-H: 1.00%

M-1H: 0.90%

M-2H: 1.85%

M-3H: 3.25%

B-H: 7.50%

ACIS 2015-HQ1 (2015-5)

April 2014 - July 2014

$50,089,282

M-1H: $9,000,370

M-2H: $9,141,334

M-3H: $7,835,430

B-H: $24,112,149

6.50%

M-1H: 1.75%

M-2H: 1.75%

M-3H: 1.50%

B-H: 1.50%

M-1H: 1.05%

M-2H: 2.00%

M-3H: 3.70%

B-H: 8.50%

ACIS 2015-DN1 (2015-4)

April 2014 - July 2014

$173,052,427

M-1H: $28,397,312

M-2H: $32,586,016

M-3H: $48,879,025

B-H: $63,190,073

4.50%

M-1H: 1.00%

M-2H: 1.00%

M-3H: 1.50%

B-H: 1.00%

M-1H: 1.10%

M-2H: 1.85%

M-3H: 3.40%

B-H: 8.50%

ACIS 2014-DN4 (2015-3)

January 2014 - March 2014

$91,546,794

M-1H: $19,266,689

M-2H: $25,395,712

M-3H: $46,884,392

B-H: Fully Retained

5.20%

M-1H: 1.00%

M-2H: 1.30%

M-3H: 2.40%

B-H: 0.50%

M-1H: 1.25%

M-2H: 2.25%

M-3H: 4.00%

B-H: N/A

ACIS 2014-DN3 (2015-2)

October 2013 - December 2013

$115,178,880

M-1H: $26,899,710

M-2H: $33,104,689

M-3H: $55,174,481

B-H: Fully Retained

4.60%

M-1H: 1.00%

M-2H: 1.20%

M-3H: 2.00%

B-H: 0.40%

M-1H: 1.25%

M-2H: 2.25%

M-3H: 4.00%

B-H: N/A

ACIS 2014-HQ2 (2015-1)

January 2013 - September 2013

$499,999,989

M-1H: $180,130,131

M-2H: $169,074,068

M-3H: $150,795,790

B-H: Fully Retained

6.10%

M-1H: 2.00%

M-2H: 1.85%

M-3H: 1.65%

B-H: 0.60%

M-1H: 1.25%

M-2H: 2.25%

M-3H: 4.00%

B-H: N/A

ACIS 2014-DN2 (2014-3)

July 2013 - September 2013

$155,299,987

M-1H: $35,640,765

M-2H: $56,090,260

M-3H: $63,568,962

B-H: Fully Retained

4.50%

M-1H: 1.00%

M-2H: 1.50%

M-3H: 1.70%

B-H: 0.30%

M-1H: 1.13%

M-2H: 2.03%

M-3H: 3.60%

B-H: N/A

ACIS 2014-DN1 (2014-2)

April 2013 - June 2013

$284,448,428

M-1H: $66,262,277

M-2H: $102,274,759

M-3H: $115,911,393

B-H: Fully Retained

4.50%

M-1H: 1.00%

M-2H: 1.50%

M-3H: 1.70%

B-H: 0.30%

M-1H: 0.75%

M-2H: 1.35%

M-3H: 2.61%

B-H: N/A

ACIS 2013-DN2 (2014-1)

January 2013 - March 2013

$269,485,881

M-1H: $100,736,022

M-2H: $168,749,859

B-H: Fully Retained

3.00%

M-1H: 1.05%

M-2H: 1.65%

B-H: 0.30%

M-1H: 1.36%

M-2H: 4.12%

B-H: N/A

ACIS 2013-DN1 (2013-1)

July 2012 - September 2012

$77,415,009

M-1H: $38,707,505

M-2H: $38,707,505

B-H: Fully Retained

3.00%

M-1H: 1.35%

M-2H: 1.35%

B-H: 0.30%

M-1H: 2.35%

M-2H: 5.35%

B-H: N/A

*All deals prior to March 2019 were based on acquisition funding period, after March 2019 aggregation period is based on PC settlement date.

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