On July 13, 2026, China Resources SZITIC Trust Co., Ltd., as trustee, disclosed the 70th monthly report for the “CMBI Heyijia 2020-3 Residential Mortgage-Backed Securities Trust,” which was established on September 24, 2020, with China Merchants Bank as the originator.
The report shows that as of June 30, 2026, the asset pool comprised 5,014 mortgage loans with an outstanding principal balance of RMB 1,423,508,179.40. Normal loans accounted for 4,966 loans, representing 98.49% of the pool. There were 48 delinquent loans totaling RMB 21,484,100 in outstanding principal. No new defaulted loans were recorded during the period.
Regarding securities repayment, the Class A2 notes repaid RMB 22,694,270.00 in principal, reducing the ending balance to RMB 926,259,700.00, achieving a paydown ratio of 64.7810%. The interest rate on Class A2 was 2.77%, resulting in an interest payment of RMB 2,160,495.20. The Class A1 notes had been fully redeemed earlier, and the subordinated notes had a balance of RMB 459,241,435.50.
Credit performance metrics showed the cumulative default rate rising over time and standing at 0.505% at the end of the 70th period, while the serious delinquency rate was 0.180%, well below the 2% trigger threshold. The cash flow schedule projects principal and interest collections over about 23 years.
The trustee confirmed that no acceleration events, default events, or other material adverse events occurred during the reporting period, and no harm was caused to trust property or beneficiary interests.