Attached files
| file | filename |
|---|---|
| 8-K - Huntington Funding, LLC | a8-k.htm |
Exhibit 99.1
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
Composition of the Receivables Pool
|
Aggregate Principal Balance
|
$1,300,000,252.28
|
|
Number of Contracts
|
69,944
|
|
Average Principal Balance Outstanding
|
$18,586.30
|
|
Average Original Principal Balance
|
$20,233.80
|
|
Original Principal Balance (range)
|
$2,125.86 to $99,943.00
|
|
Weighted Average Contract Rate(1)
|
4.79%
|
|
Contract Rate (range)
|
1.49% to 15.24%
|
|
Weighted Average Original Term(1)
|
65 months
|
|
Original Term (range)
|
24 to 75 months
|
|
Weighted Average Remaining Term(1)
|
60 months
|
|
Remaining Term (range)
|
11 to 75 months
|
|
Weighted Average Seasoning(1)
|
5 months
|
|
Weighted Average FICO Score(1)(2)
|
766
|
|
Weighted Average LTV(1)(3)
|
90.78%
|
|
Percentage of Aggregate Principal Balance of Receivables for New Vehicles
|
54.19%
|
|
Percentage of Aggregate Principal Balance of Receivables for Used Vehicles
|
45.80%
|
(1) Weighted by principal balance.
(2) FICO® scores are calculated as of the origination of the related receivables and excludes obligors for which no FICO® score was available as of origination of the related receivable. FICO® is a federally registered trademark of Fair, Isaac & Company. A FICO® score is a measurement determined by Fair, Isaac & Company using information collected by the major credit bureaus to assess credit risk. Data from an independent credit reporting agency, such as FICO® score, is one of several factors that may be used by the originator in its credit scoring system to assess the credit risk associated with each applicant, see “Origination and Servicing Procedures” in the accompanying prospectus. FICO® scores are based on independent third party information, the accuracy of which cannot be verified. FICO® scores should not necessarily be relied upon as a meaningful predictor of the performance of the receivables.
(3) The loan-to-value ratio (or “LTV”) for a receivable secured by a new vehicle is equal to the original amount financed divided by the manufacturer’s suggested retail price for that vehicle. The LTV for a receivable secured by a used vehicle is equal to the original amount financed divided by the retail price for that vehicle as set forth in the applicable N.A.D.A. Official Used Car Guide. There can be no assurance that the retail price for a used vehicle set forth in the applicable N.A.D.A. Official Used Car Guide reflects the amount that could be realized upon a sale of the related vehicle, and such retail price represents N.A.D.A.’s opinion of the retail price for such used vehicle.
Amounts relating to LTV are calculated excluding LTVs for which no manufacturer’s suggested retail price or retail price for that vehicle was available.
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
Geographic Distribution of the Receivables
|
State(1)
|
Number of
Receivables
|
Percentage
of Number
of
Receivables(2)
|
Aggregate
Outstanding
Principal
Balance
|
Percentage
of
Outstanding
Principal
Balance(2)
|
Weighted
Average
FICO(3)
|
Weighted
Average
LTV(3)
|
|
Alabama
|
31
|
0.04%
|
$ 651,207.36
|
0.05%
|
755
|
94.08%
|
|
Alaska
|
1
|
0.00%(4)
|
28,173.78
|
0.00%(4)
|
721
|
88.00%
|
|
Arizona
|
14
|
0.02%
|
224,150.99
|
0.02%
|
788
|
79.57%
|
|
Arkansas
|
18
|
0.03%
|
416,824.32
|
0.03%
|
768
|
87.55%
|
|
California
|
24
|
0.03%
|
609,483.44
|
0.05%
|
768
|
83.89%
|
|
Colorado
|
15
|
0.02%
|
330,689.04
|
0.03%
|
769
|
87.48%
|
|
Connecticut
|
93
|
0.13%
|
1,723,133.34
|
0.13%
|
768
|
82.56%
|
|
Delaware
|
40
|
0.06%
|
679,476.47
|
0.05%
|
750
|
85.36%
|
|
Florida
|
150
|
0.21%
|
3,158,142.00
|
0.24%
|
766
|
82.97%
|
|
Georgia
|
46
|
0.07%
|
994,621.23
|
0.08%
|
756
|
90.44%
|
|
Hawaii
|
1
|
0.00%(4)
|
39,014.86
|
0.00%(4)
|
759
|
91.00%
|
|
Idaho
|
2
|
0.00%(4)
|
48,877.18
|
0.00%(4)
|
723
|
72.69%
|
|
Illinois
|
367
|
0.52%
|
7,376,807.41
|
0.57%
|
763
|
88.35%
|
|
Indiana
|
9,229
|
13.19%
|
169,689,104.68
|
13.05%
|
763
|
93.98%
|
|
Iowa
|
10
|
0.01%
|
168,125.23
|
0.01%
|
775
|
74.54%
|
|
Kansas
|
6
|
0.01%
|
162,969.44
|
0.01%
|
783
|
90.55%
|
|
Kentucky
|
8,373
|
11.97%
|
165,919,637.35
|
12.76%
|
767
|
92.77%
|
|
Louisiana
|
12
|
0.02%
|
285,310.72
|
0.02%
|
760
|
85.27%
|
|
Maine
|
899
|
1.29%
|
16,187,651.28
|
1.25%
|
770
|
90.49%
|
|
Maryland
|
82
|
0.12%
|
1,520,940.20
|
0.12%
|
761
|
86.78%
|
|
Massachusetts
|
2,442
|
3.49%
|
48,749,553.56
|
3.75%
|
767
|
84.79%
|
|
Michigan
|
8,751
|
12.51%
|
157,132,155.30
|
12.09%
|
769
|
87.86%
|
|
Minnesota
|
179
|
0.26%
|
3,431,870.14
|
0.26%
|
770
|
82.09%
|
|
Mississippi
|
33
|
0.05%
|
666,037.72
|
0.05%
|
747
|
90.77%
|
|
Missouri
|
35
|
0.05%
|
794,601.57
|
0.06%
|
745
|
88.36%
|
|
Montana
|
3
|
0.00%(4)
|
37,664.08
|
0.00%(4)
|
767
|
91.73%
|
|
Nebraska
|
3
|
0.00%(4)
|
77,013.39
|
0.01%
|
728
|
88.87%
|
|
Nevada
|
2
|
0.00%(4)
|
49,687.43
|
0.00%(4)
|
746
|
93.69%
|
|
New Hampshire
|
549
|
0.78%
|
10,436,541.90
|
0.80%
|
772
|
84.51%
|
|
New Jersey
|
547
|
0.78%
|
9,664,493.92
|
0.74%
|
757
|
87.73%
|
|
New Mexico
|
4
|
0.01%
|
58,880.05
|
0.00%(4)
|
766
|
84.43%
|
|
New York
|
158
|
0.23%
|
3,245,968.36
|
0.25%
|
762
|
85.02%
|
|
North Carolina
|
60
|
0.09%
|
1,171,691.78
|
0.09%
|
759
|
90.56%
|
|
North Dakota
|
3
|
0.00%(4)
|
78,026.24
|
0.01%
|
716
|
102.23%
|
|
Ohio
|
20,958
|
29.96%
|
380,537,920.47
|
29.27%
|
764
|
92.11%
|
|
Oklahoma
|
7
|
0.01%
|
162,363.88
|
0.01%
|
752
|
87.99%
|
|
Oregon
|
2
|
0.00%(4)
|
18,648.10
|
0.00%(4)
|
756
|
81.80%
|
|
Pennsylvania
|
10,429
|
14.91%
|
183,248,366.89
|
14.10%
|
769
|
87.13%
|
|
Rhode Island
|
224
|
0.32%
|
4,122,059.15
|
0.32%
|
774
|
88.71%
|
|
South Carolina
|
35
|
0.05%
|
653,311.34
|
0.05%
|
758
|
90.38%
|
|
South Dakota
|
4
|
0.01%
|
67,968.56
|
0.01%
|
752
|
105.76%
|
|
Tennessee
|
2,694
|
3.85%
|
57,216,568.30
|
4.40%
|
765
|
95.22%
|
|
Texas
|
47
|
0.07%
|
1,082,652.37
|
0.08%
|
749
|
85.77%
|
|
Utah
|
4
|
0.01%
|
77,775.71
|
0.01%
|
777
|
88.94%
|
|
Vermont
|
101
|
0.14%
|
1,978,852.05
|
0.15%
|
771
|
86.78%
|
|
Virginia
|
181
|
0.26%
|
3,532,423.10
|
0.27%
|
760
|
93.01%
|
|
Washington
|
6
|
0.01%
|
110,598.38
|
0.01%
|
752
|
92.07%
|
|
West Virginia
|
2,812
|
4.02%
|
56,194,018.09
|
4.32%
|
764
|
91.65%
|
|
Wisconsin
|
250
|
0.36%
|
5,052,523.47
|
0.39%
|
771
|
86.18%
|
|
Wyoming
|
5
|
0.01%
|
95,192.53
|
0.01%
|
745
|
98.05%
|
|
Washington DC
|
2
|
0.00%(4)
|
20,618.38
|
0.00%(4)
|
685
|
103.80%
|
|
Other
|
1
|
0.00%(4)
|
19,865.75
|
0.00%(4)
|
750
|
113.00%
|
|
Total:
|
69,944
|
100.00%
|
$ 1,300,000,252.28
|
100.00%
|
766
|
90.78%
|
|
(1) Based on the billing addresses of the obligors.
|
||||||
|
(2) May not add to 100.00% due to rounding.
|
||||||
|
(3) Weighted by principal balance.
|
||||||
|
(4) Less than 0.01% but greater than 0.00%.
|
||||||
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
|
Range of Principal Balance ($)
|
Number of
Receivables
|
Percentage
of Number
of
Receivables(1)
|
Aggregate
Outstanding
Principal
Balance
|
Percentage
of
Outstanding
Principal
Balance(1)
|
Weighted
Average
FICO(2)
|
Weighted
Average
LTV(2)
|
|
0.01 - 2,500.00
|
169
|
0.24%
|
$ 320,161.78
|
0.02%
|
756
|
63.28%
|
|
2,500.01 - 5,000.00
|
1,526
|
2.18%
|
6,200,319.74
|
0.48%
|
752
|
69.61%
|
|
5,000.01 - 7,500.00
|
4,034
|
5.77%
|
25,777,753.65
|
1.98%
|
755
|
75.88%
|
|
7,500.01 - 10,000.00
|
6,153
|
8.80%
|
54,270,979.88
|
4.17%
|
758
|
80.56%
|
|
10,000.01 - 12,500.00
|
7,330
|
10.48%
|
82,674,210.96
|
6.36%
|
761
|
84.97%
|
|
12,500.01 - 15,000.00
|
8,164
|
11.67%
|
112,380,969.47
|
8.64%
|
764
|
86.81%
|
|
15,000.01 - 17,500.00
|
8,098
|
11.58%
|
131,564,257.33
|
10.12%
|
765
|
88.55%
|
|
17,500.01 - 20,000.00
|
7,743
|
11.07%
|
144,909,045.18
|
11.15%
|
769
|
90.21%
|
|
20,000.01 - 22,500.00
|
6,724
|
9.61%
|
142,645,170.73
|
10.97%
|
768
|
91.98%
|
|
22,500.01 - 25,000.00
|
5,402
|
7.72%
|
128,041,008.30
|
9.85%
|
770
|
92.58%
|
|
25,000.01 - 27,500.00
|
4,222
|
6.04%
|
110,581,454.71
|
8.51%
|
771
|
93.88%
|
|
27,500.01 - 30,000.00
|
3,041
|
4.35%
|
87,243,182.41
|
6.71%
|
769
|
94.46%
|
|
30,000.01 - 32,500.00
|
2,150
|
3.07%
|
67,054,197.80
|
5.16%
|
765
|
94.50%
|
|
32,500.01 - 35,000.00
|
1,516
|
2.17%
|
51,043,089.45
|
3.93%
|
763
|
94.78%
|
|
35,000.01 - 37,500.00
|
1,111
|
1.59%
|
40,161,498.98
|
3.09%
|
763
|
95.96%
|
|
37,500.01 - 40,000.00
|
737
|
1.05%
|
28,479,872.63
|
2.19%
|
764
|
95.34%
|
|
40,000.01 - 42,500.00
|
560
|
0.80%
|
23,068,317.02
|
1.77%
|
762
|
96.04%
|
|
42,500.01 - 45,000.00
|
347
|
0.50%
|
15,176,500.24
|
1.17%
|
759
|
96.23%
|
|
45,000.01 - 47,500.00
|
262
|
0.37%
|
12,104,192.65
|
0.93%
|
759
|
95.60%
|
|
47,500.01 - 50,000.00
|
195
|
0.28%
|
9,458,711.01
|
0.73%
|
761
|
98.51%
|
|
50,000.01 >=
|
460
|
0.66%
|
26,845,358.36
|
2.07%
|
758
|
97.73%
|
|
Total:
|
69,944
|
100.00%
|
$ 1,300,000,252.28
|
100.00%
|
766
|
90.78%
|
|
(1) May not add to 100.00% due to rounding.
|
||||||
|
(2) Weighted by principal balance.
|
||||||
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
|
Range of Contract Rates (%)
|
Number of
Receivables
|
Percentage
of Number
of
Receivables(1)
|
Aggregate
Outstanding
Principal
Balance
|
Percentage
of
Outstanding
Principal
Balance(1)
|
Weighted
Average
FICO(2)
|
Weighted
Average
LTV(2)
|
|
1.001 - 2.000
|
149
|
0.21%
|
$ 3,226,813.83
|
0.25%
|
811
|
81.74%
|
|
2.001 - 3.000
|
5,422
|
7.75%
|
117,027,964.51
|
9.00%
|
803
|
79.59%
|
|
3.001 - 4.000
|
19,808
|
28.32%
|
423,575,963.87
|
32.58%
|
791
|
84.21%
|
|
4.001 - 5.000
|
16,784
|
24.00%
|
345,329,847.98
|
26.56%
|
762
|
92.96%
|
|
5.001 - 6.000
|
8,954
|
12.80%
|
164,367,092.94
|
12.64%
|
736
|
96.71%
|
|
6.001 - 7.000
|
6,079
|
8.69%
|
100,600,667.16
|
7.74%
|
727
|
99.28%
|
|
7.001 - 8.000
|
4,564
|
6.53%
|
59,429,894.53
|
4.57%
|
733
|
99.65%
|
|
8.001 - 9.000
|
3,683
|
5.27%
|
40,320,749.90
|
3.10%
|
732
|
100.52%
|
|
9.001 - 10.000
|
2,292
|
3.28%
|
24,026,902.98
|
1.85%
|
730
|
102.79%
|
|
10.001 - 11.000
|
1,356
|
1.94%
|
13,374,630.63
|
1.03%
|
717
|
104.35%
|
|
11.001 - 12.000
|
597
|
0.85%
|
6,001,766.45
|
0.46%
|
710
|
105.97%
|
|
12.001 - 13.000
|
203
|
0.29%
|
2,095,280.68
|
0.16%
|
702
|
109.85%
|
|
13.001 - 14.000
|
42
|
0.06%
|
462,172.19
|
0.04%
|
708
|
115.15%
|
|
14.001 - 15.000
|
8
|
0.01%
|
109,165.26
|
0.01%
|
686
|
123.98%
|
|
15.001 - 16.000
|
3
|
0.00%(3)
|
51,339.37
|
0.00%(3)
|
724
|
149.14%
|
|
Total:
|
69,944
|
100.00%
|
$ 1,300,000,252.28
|
100.00%
|
766
|
90.78%
|
|
(1) May not add to 100.00% due to rounding.
|
||||||
|
(2) Weighted by principal balance.
|
||||||
|
(3) Less than 0.01% but greater than 0.00%.
|
||||||
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
|
Remaining Term to Maturity
(in months)(1)
|
Number of
Receivables
|
Percentage
of Number
of
Receivables(2)
|
Aggregate
Outstanding
Principal
Balance
|
Percentage
of
Outstanding
Principal
Balance(2)
|
Weighted
Average
FICO(3)
|
Weighted
Average
LTV(3)
|
|
1 - 12
|
19
|
0.03%
|
$ 83,052.71
|
0.01%
|
782
|
60.38%
|
|
13 - 24
|
640
|
0.92%
|
4,983,392.61
|
0.38%
|
778
|
64.66%
|
|
25 - 36
|
3,976
|
5.68%
|
41,746,506.99
|
3.21%
|
780
|
72.68%
|
|
37 - 48
|
8,726
|
12.48%
|
113,283,085.92
|
8.71%
|
773
|
81.24%
|
|
49 - 60
|
25,943
|
37.09%
|
459,776,334.24
|
35.37%
|
772
|
86.80%
|
|
61 - 72
|
28,023
|
40.06%
|
612,288,125.62
|
47.10%
|
760
|
96.02%
|
|
73 - 75
|
2,617
|
3.74%
|
67,839,754.19
|
5.22%
|
752
|
99.47%
|
|
Total:
|
69,944
|
100.00%
|
$ 1,300,000,252.28
|
100.00%
|
766
|
90.78%
|
|
(1) Assumes that all monthly payments of simple interest loans are made on their respective due dates.
|
||||||
|
(2) May not add to 100.00% due to rounding.
|
||||||
|
(3) Weighted by principal balance.
|
||||||
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
|
FICO (Range)(1)
|
Number of
Receivables
|
Percentage
of Number
of
Receivables(2)
|
Aggregate
Outstanding
Principal
Balance
|
Percentage
of
Outstanding
Principal
Balance(2)
|
Weighted
Average
FICO(3)
|
Weighted
Average
LTV(3)
|
|
660 - 679
|
3,685
|
5.27%
|
$ 60,658,031.15
|
4.67%
|
671
|
91.98%
|
|
680 - 699
|
5,718
|
8.18%
|
99,728,438.81
|
7.67%
|
690
|
94.04%
|
|
700 - 719
|
7,637
|
10.92%
|
137,764,990.97
|
10.60%
|
709
|
94.66%
|
|
720 - 739
|
7,075
|
10.12%
|
130,268,532.42
|
10.02%
|
729
|
94.90%
|
|
740 >=
|
45,829
|
65.52%
|
871,580,258.93
|
67.04%
|
795
|
89.09%
|
|
Total:
|
69,944
|
100.00%
|
$ 1,300,000,252.28
|
100.00%
|
766
|
90.78%
|
(1) FICO® scores are calculated as of the origination of the related receivables and excludes obligors for which no FICO® score was available as of origination of the related receivable. FICO® is a federally registered trademark of Fair, Isaac & Company. A FICO® score is a measurement determined by Fair, Isaac & Company using information collected by the major credit bureaus to assess credit risk. Data from an independent credit reporting agency, such as FICO® score, is one of several factors that may be used by the originator in its credit scoring system to assess the credit risk associated with each applicant, see “Origination and Servicing Procedures” in the accompanying prospectus. FICO® scores are based on independent third party information, the accuracy of which cannot be verified. FICO® scores should not necessarily be relied upon as a meaningful predictor of the performance of the receivables.
(2) May not add to 100.00% due to rounding.
(3) Weighted by principal balance.
Huntington Auto Trust 2012-1
Final Pool as of the Cut-off Date
January 31, 2012
|
Historical Delinquency Status
|
Number of
Receivables
|
Percent of Total
Number of
Receivables
|
Aggregate
Outstanding
Principal Balance
|
Percent of Total Aggregate
Outstanding Principal
Balance
|
|
|
Delinquent no more than once for 30-59 days(1)
|
453
|
0.65%
|
$ |
7,462,682
|
0.57%
|
|
Delinquent more than once for 30-59 days but never for 60 days or more
|
149
|
0.21%
|
$ |
2,634,866
|
0.20%
|
|
Delinquent at least once for 60 days or more
|
58
|
0.08%
|
$ |
988,276
|
0.08%
|
|
Total
|
660
|
0.94%
|
$ |
11,085,825
|
0.85%
|
|
(1) Delinquent no more than once for 30-59 days represent accounts that were delinquent one time but never exceeded 59 days past due.
|
|||||