01/15/2026 | Press release | Distributed by Public on 01/15/2026 09:30
| Item 6.04 Failure to make a Required Distribution |
| The Certificate Administrator made distributions to the Certificateholders on the November 13, 2025 Distribution Date, the December 12, 2025 Distribution Date and the January 12, 2026 Distribution Date. On January 9, 2026, the Depositor received notice from the Certificate Administrator that certain non-recoverable advances resulting in realized losses in a prior payment period were not applied in reduction of the principal balance of the Class A-4 Certificates. This resulted in overpayments of principal to the Class A-4 Certificateholders and underpayments of interest to the Class A-4, Class X-A, Class A-S and Class B Certificateholders in subsequent payment periods. A one-time adjustment was applied to the November 2025 distribution, requiring the principal payments previously made to Class A-4 in an amount equal to $331,587.36 to be clawed back and reallocated as interest payments to the Class A-4 Certificateholders in an amount equal to $3,147.57, the Class X-A Certificateholders in an amount equal to $1,049.70, the Class A-S Certificateholders in an amount equal to $299,260.42 and the Class B Certificateholders in an amount equal to $28,129.67, reflecting the amount of interest due to each of those classes in each payment period prior to November 2025 had the realized losses been applied to Class A-4 when such realized losses were incurred. |
| The payment revisions to the November 2025 distribution described above also resulted in the claw back of principal from the Class A-4 Certificateholders in an amount equal to $1,256.47 which was reallocated as interest payments to the Class A-4 Certificateholders in an amount equal to $968.79 and the Class X-A Certificateholders in an amount equal to $287.68 in the December 2025 distribution and a claw back of interest from the Class X-A Certificateholders in an amount equal to $95.71 and the Class X-B Certificateholders in an amount equal to $51.80 which was reallocated as an interest payment to the Class A-4 Certificateholders in an amount equal to $147.51 in the January 2026 distribution. The January 12, 2026 distribution and subsequent distributions will be made on the basis of the ending principal balances of these classes, corrected as described above. | |||||||||