23-page commentary today. Good reading if you are snowed in this weekend. Better reading if you are laying on a beach far from the...

Happy 2016 We start off 2016 looking at called deals, and two in particular (FBRSI 2005-1 and MLMI 2005-HE2) that initially make no...

We end 2015 with a collection of observations, a bunch of tables and charts, an account of a borrower who beat the system, and a...

Back in March we discovered 253 Ocwen serviced loans for $70MM UPB that had been liquidated (REO sold), but the trust still showed them...

We continue to highlight loans sitting in trusts with huge pending losses. While some of the losses are inevitable, others can be tamed...

Topics Losses Made Whole Called Deals Delinquency Rates by City Deemed Non-Recoverable? Non-Agency RMBS Delinquency Rates Charts...

Topics Covered Called / Paid off Deals Delinquency Stats CPR/CDR/Severity Stats Performance after Modification Step-up: 1st Step-up –...