The pool for PRPM Fundido 2025-1 DAC contains €392.6 million reperforming residential mortgage loans located in Spain. The loans were originated by multiple lenders, with the main ones being Banco de Sabadell S.A. (Sabadell), Abanca Corporacion Bancaria S.A. (Abanca), and Cajamar Caja Rural S.C.C. (Cajamar). The assets present in this portfolio have been originated by multiple lenders mainly before the 2008 financial crisis. Some of these lenders have since been consolidated into larger banking groups (see table 1). The pool is made up of three subpools: Cajamar, Sabadell, and Abanca. At the time of origination, mainly before 2008, the lenders in the pool were all considered prime lenders in Spain that had good customer relationships. Full valuations were required during