0001193125-19-024787.txt : 20190201 0001193125-19-024787.hdr.sgml : 20190201 20190201082132 ACCESSION NUMBER: 0001193125-19-024787 CONFORMED SUBMISSION TYPE: ABS-15G PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 ITEM INFORMATION: Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure FILED AS OF DATE: 20190201 DATE AS OF CHANGE: 20190201 ABS RULE: RULE-15GA1 PERIOD START: 20181001 N N ABS ASSET CLASS: Other FILER: COMPANY DATA: COMPANY CONFORMED NAME: US BANK NATIONAL ASSOCIATION CENTRAL INDEX KEY: 0000830013 IRS NUMBER: 310841368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: ABS-15G SEC ACT: Dodd Frank Act SEC FILE NUMBER: 025-00668 FILM NUMBER: 19557777 BUSINESS ADDRESS: STREET 1: 800 NICOLLET MALL STREET 2: BC-MN-H15F CITY: MINNEAPOLIS STATE: MN ZIP: 55402-7020 BUSINESS PHONE: 612-303-6000 MAIL ADDRESS: STREET 1: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4302 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK NATIONAL ASSOCIATION /MN/ DATE OF NAME CHANGE: 19940601 ABS-15G 1 d662915dabs15g.htm ABS-15G 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 October 1, 2018 to December 31, 2018

Date of Report (Date of earliest event reported) February 1, 2019

Commission File Number of securitizer: 025-00668

Central Index Key Number of securitizer: 830013

 

 

U.S. Bank National Association

Bradley J. Brunts

952-876-5054

(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)  ☐

 

 

 

Item 1.02

Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure

Securitizer has repurchase activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2).

Item 2      Exhibits

 

99.1    Table of all assets securitized by Securitizer that were the subject of a demand to repurchase or replace for breach of the representations and warranties concerning the pool assets for all asset-backed securities held by non-affiliates of the Securitizer during the reporting period.

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.

 

U.S. BANK NATIONAL ASSOCIATION

(Securitizer)

By:   /s/ Bradley J. Brunts
  Bradley J. Brunts
  Senior Vice President

DATE: February 1, 2019

EX-99.1 2 d662915dex991.htm EX-99.1 EX-99.1

U.S. Bank National Association

Exhibit 99.1

 

Name of
Issuing
Entity
(a)

   Check if
Registered		     Name of
Originator
(b)		     Total Assets in ABS by Originator     Assets that were Subject of
Demand (c)		     Assets that were
Repurchased
or Replaced (d)		     Assets Pending
Repurchase or Replacement
(within cure period) (e)		     Demand in
Dispute (f)		     Demand
Withdrawn (g)		     Demand
Rejected (h)		     Asset Class     Date Of
Formation		  
                (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		     (#)     ($)     (% of
principal
balance)		              
GNMA BI6026       USBNA       171     $ 48,344,336.00       100.00%       0     $ 0.00       0.00%       2     $ 654,807.79       1.38%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     8/21/2018  
GNMA BI6027       USBNA       441     $ 103,458,570.00       100.00%       0     $ 0.00       0.00%       2     $ 773,475.84       0.77%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     8/21/2018  
GNMA BI6028       USBNA       442     $ 107,324,845.00       100.00%       0     $ 0.00       0.00%       1     $ 404,734.62       0.39%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     8/21/2018  
GNMA BI6146       USBNA       125     $ 33,997,830.00       100.00%       1     $ 418,739.46       1.24%       0     $ 0.00       0.00%       1     $ 418,739.46       1.24%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     9/20/2018  
GNMA BI6382       USBNA       170     $ 46,406,629.00       100.00%       1     $ 277,561.11       0.61%       0     $ 0.00       0.00%       1     $ 277,561.11       0.61%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     10/18/2018  
GNMA BI6383       USBNA       558     $ 136,178,404.00       100.00%       1     $ 228,642.67       0.17%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       1     $ 228,642.67       0.17%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     10/18/2018  
GNMA BI6385       USBNA       277     $ 80,151,354.00       100.00%       1     $ 341,034.60       0.43%       0     $ 0.00       0.00%       1     $ 341,034.60       0.43%       0     $ 0.00       0.00%       0     $ 0.00       0.00%       0     $ 0.00       0.00%      

 Residential
Mortgages-
Prime		  

 		     10/18/2018  
     

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

        
Grand Total         2,184     $ 555,861,968.00         4     $ 1,265,977.84         5     $ 1,833,018.25         3     $ 1,037,335.17         1     $ 228,642.67         0     $ 0.00         0     $ 0.00        

 Residential
Mortgages-
Prime		  

 		  
     

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

        

Explanatory Notes

Note: The Government National Mortgage Association (“GNMA”), through its Mortgage-Backed Securities (“MBS”) Programs, guarantees securities that are backed by pools of mortgages and issued by mortgage lenders (issuers) approved by GNMA. U.S. Bank National Association (“USBNA”) is an authorized GNMA issuer. The information reported in this filing includes activity related to repurchase demands for “defective mortgages”, as defined in GNMA’s MBS Guide.

 

(a)

“Name of Issuing Entity” is GNMA pool number. For multi-issuer pools, only USBNA pool numbers are provided, as USBNA is only responsible for repurchase demands on its own loan pools.

 

(b)

“Name of Originator” is USBNA. While USBNA may have acquired certain of the loans from correspondents, these loans were underwritten specifically to meet GNMA guidelines and any additional criteria required by USBNA.

 

(c)

“Asset that were Subject of Demand” includes repurchase demands made on USBNA during the period and includes only new demands.

 

(d)

“Assets that were Repurchased or Replaced” includes actual repurchases or replacements made by USBNA during the period. The activity may relate to a repurchase demand made during the current period or a previous period.

 

(e)

“Assets Pending Repurchase or Replacement” includes assets where a repurchase or replacement has not been made, including assets where USBNA has not made a decision to accept or contest a demand; any demands in dispute are excluded.

 

(f)

“Demand in Dispute” includes assets where a repurchase demand is contested.

 

(g)

“Demand Withdrawn” includes assets where the party that originally made the repurchase demand has subsequently rescinded or retracted their request.

 

(h)

“Demand Rejected” includes assets where the repurchase request was not fulfilled because the demand was rejected, including demands outside the cure period and not in dispute.