CMB Hejia 2020-6 MBS Report No. 68: Cumulative Default Rate Reaches 0.6086%, 98.06% of Loans Current

The trustee monthly report for the CMB Hejia 2020 Sixth Issue Residential Mortgage-Backed Securities Trust shows a cumulative default rate of 0.6086% as of June 30, 2026. The total outstanding principal balance of the asset pool was RMB 2.286 billion, with 98.06% of loans current. The Priority A-2 tranche paid principal of RMB 34.16 million and interest of RMB 3.16 million. No major events such as accelerated amortization or default events occurred.

Source: 中国债券信息网

Huaneng Guicheng Trust Co., Ltd. released the 68th monthly trustee report for the 'CMB Hejia 2020 Sixth Issue Residential Mortgage-Backed Securities Trust' on July 13, 2026, covering the collection period from May 31, 2026 (exclusive) to June 30, 2026 (inclusive).

As of the end of the period, the outstanding principal balance of the asset pool was RMB 2,285,771,475.80, encompassing 9,610 mortgage loans. Current loans totaled 9,462, amounting to RMB 2,241,411,827.72, representing 98.46% by number of loans and 98.06% by amount. Delinquent loans numbered 148, with a total amount of RMB 44,359,648.08; loans delinquent over 180 days accounted for 75 loans, amounting to RMB 22,149,443.19, or 0.97% of the pool.

The cumulative default rate rose to 0.6086% from 0.5873% in the previous report. Regarding defaulted loan disposal, 30 loans were in preparation for litigation, 49 in court proceedings, and 23 in execution auction; 19 loans involved non-litigation disposal, and 26 had been settled through disposal.

On the securities side, the Priority A-2 tranche had an opening balance of RMB 1,303,682,469.00 and a closing balance of RMB 1,269,521,070.00, with a principal payment of RMB 34,161,399.00 and an interest payment of RMB 3,160,983.52 at a coupon rate of 2.95%. The Priority A-1 tranche had no balance, while the subordinated tranche remained at RMB 559,738,426.11.

The trustee confirmed that no accelerated amortization events, default events, perfection events, individual notice events, asset redemptions, clean-up calls, insolvency events, material adverse effect events, material adverse change events, trustee removal events, trustee termination events, loan servicer removal events, fund custodian removal events, asset-backed security holder meetings, or other matters affecting principal and interest payments or investor interests occurred during the period.

The trust was established on November 27, 2020, with China Merchants Bank Co., Ltd. as the originator, acting as the loan servicer, and Industrial and Commercial Bank of China Limited Chongqing Branch as the fund custodian. China Central Depository & Clearing Co., Ltd. serves as the securities registration, depository, and paying agent. The report was compiled based on servicer and fund custodian reports.