How long are loan terms for DRIVE 2019-4?

Loan Term Distribution - DRIVE 2019-4

DRIVE 2019-4 has 84.8% of its pool with a loan term 61 and 72 months.

2023-12-15

📊 Chart Summary

DRIVE 2019-4 has 84.8% of its pool comprised of loans with a loan term 61 and 72 months, totaling $122,773,323 in unpaid principle balance according to Edgar sec.gov filings. The reporting period for this information begins 2023-11-01 and ends 2023-11-30.

Prompts

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💡 Summarize Loan Term Distribution

Summarize the loan term distribution for DRIVE 2019-4. Highlight the dominance of 61-72 month terms, which account for 97.4% of the pool. Discuss the implications of this concentration on pool performance and investor expectations.

💡 Assess Impact of Loan Term Concentration

Analyze the loan term concentration for DRIVE 2019-4, where 97.4% of the pool falls within the 61-72 month range. Discuss how this concentration affects interest rate sensitivity, delinquency risks, and prepayment speeds.

💡 Compare Loan Term Distribution to Market Averages

Compare the loan term distribution for DRIVE 2019-4 against market averages for ABS auto deals. Discuss any notable deviations, such as a higher-than-usual concentration in 61-72 months, and what this suggests about borrower behavior and underwriting trends.

💡 Evaluate the Effects of Shorter Loan Terms

Discuss the potential risks and benefits of having a significant portion of the pool in loans with shorter terms (less than 61 months). Highlight how this could impact default risks, cash flow stability, and overall pool performance.

💡 Impact of Long-Term Loans on Performance

Examine the small proportion of long-term loans (73-75 months) in DRIVE 2019-4. Discuss how this may affect the pool's duration, the likelihood of prepayment, and the overall risk profile of the deal.

💡 Visualize Loan Term Distribution by UPB

Create a loan term distribution visualization for the loan term distribution in DRIVE 2019-4, showing the UPB for each loan term range (e.g., <61, 61-72, 73-75). Annotate the chart with the corresponding percentage of the total pool to highlight concentration.

💡 Analyze Loan Term Distribution Trends Over Time

Discuss whether the loan term distribution for DRIVE 2019-4 reflects a broader trend in the ABS auto market. Evaluate how changes in loan term preferences (e.g., a shift to shorter or longer terms) might affect pool performance in the future.

💡 Examine Risks from High Loan Term Concentration

Using the loan term distribution for DRIVE 2019-4, assess the risks associated with the high concentration of loans in the 61-72 month term range. Focus on how this affects the pool's exposure to economic shifts, interest rate changes, and borrower default behavior.

💡 Compare Loan Term Distribution Across Peer Deals

Compare the loan term distribution of DRIVE 2019-4 to other ABS auto deals. Discuss any differences, such as a higher concentration of short-term loans or longer loan terms, and analyze what these differences suggest about market trends and borrower characteristics.

💡 Evaluate Borrower Preferences and Loan Term Choices

Analyze the loan term distribution for DRIVE 2019-4 to gain insights into borrower preferences. Discuss how the preference for 61-72 month loans may indicate borrower financial behaviors, such as budgeting for monthly payments or preferences for stability.

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