October 2014 Remittance – Day #3 (97% of the deals)
Topics ORIGINATOR = SERVICER -> BAD NEWS FOR INVESTORS? Percentage of Seriously Delinquent Loans with Absolutely No P&I Advances Sample...
October 2014 Remittance – Day #1 (66% of the deals)
“A lady maybe drops her bag, or a couple gets in an argument, or maybe someone just stops abruptly, directly in front of you. While you...
Thoughts on Loss Severity
For Liquidations that occurred in 2014, loans with last paid to date prior to 2009 have experienced an average loss severity of 90% or...
Do Principal Forgiveness modifications really perform better than Principal Deferral?
We believe the answer is NO. Creating an affordable payment is what drives performance. We have never been big advocates of principal...
HAMP - Principal Forgiveness and Interest Rate Step-ups
Some thoughts on two important topics: The Principal Reduction Alternative (PRA): part of the Home Affordable Modification Program...
Some thoughts on Expected Loss Severity
We have some good data on advances, accrued interest and valuations, so we thought we would look at expected loss severities on certain...
September 2014 Remittance – Case Study: Sunnyvale, California
Why are these anecdotal findings so important? 1) It focuses our attention on issues that may affect investor cash flows and we then...
