On July 13, 2026, China Resources SZITIC Trust Co., Ltd. published the 84th monthly report of the 'Hejia 2019-2 Residential Mortgage-Backed Securitization Trust'. The collection period runs from May 31, 2026 (exclusive) to June 30, 2026 (inclusive), and the interest accrual period from June 19, 2026 to July 19, 2026 (exclusive of the latter).
As of the end of the period, the mortgage pool contained 741 loans with a total outstanding principal balance of RMB 103,173,586.23. Normal loans numbered 733, accounting for RMB 100,978,240.22 or 97.87% of the total. Delinquent loans totaled 8, with an aggregate delinquent amount of RMB 2,195,346.01. Among these, 2 loans (RMB 477,370.97) were 1-30 days past due, 2 loans (RMB 418,326.84) were 31-60 days past due, none were 61-90 days past due, 1 loan (RMB 411,489.98) was 91-180 days past due, and 3 loans (RMB 888,158.22) were over 180 days past due. No loans were redeemed, repurchased, or substituted during the period. There were no new defaulted or restructured loans.
The cumulative default rate held steady at 0.196%. The serious delinquency rate was 0.399%, up from 0.392% in the previous period. One loan (RMB 190,612.79) was fully settled after disposal; four loans entered court proceedings or completed disposal, involving RMB 1,078,771.01.
Regarding the securitization tranches, the Priority A1 notes had been fully repaid with a zero balance at period end. The Priority A2 notes carried an execution interest rate of 5.28%, paid interest of RMB 125,366.24 and principal of RMB 1,946,202.00, leaving an ending balance of RMB 26,941,851.00 and a repayment ratio of 90.2737%. The Subordinated notes had an ending balance of RMB 72,078,589.63 with no principal repayment. Credit enhancement relied solely on the senior/subordinated structure, with the Subordinated tranche accounting for 72.79%. No acceleration, default, perfection, repurchase, clean-up call, insolvency, or other material events occurred. Trust administration proceeded normally, and the trustee received servicer and custodian reports on time. Bank deposit interest of RMB 1,622.87 was received; no eligible investments were made.
Pool cash inflows comprised principal collections of RMB 1,820,328.15 and interest collections of RMB 272,487.35, plus other income of RMB 1,622.87. Outflows included taxes of RMB 8,888.91, total servicing fees of RMB 13,911.00, note interest payments of RMB 125,366.24, and note principal payments of RMB 1,946,202.00, leaving a carry-over balance of RMB 206.34. The cash flow projection table shows the expected principal balance declining from July 31, 2026, to zero by December 31, 2034. Note: the projection excludes 8 non-performing loans at the collection period end with an aggregate unpaid principal balance of RMB 2,195,300.