Yet another Reporting Error – Bank of America’s Imaginary Second Lien REOs
The Alleged Error: The statement below and the graph showing the increasing number of REOs outstanding for three of the CWL second lien...
SAMI Bonds - Beware of REOs that have already been sold
Happy St. Patrick’s Day. You may need a stiff drink after reading through today’s commentary. We have found a number of loans in SAMI...
July 2016 Remittance – Initial Observations
Topics in today’s Commentary · Losses Made Whole · Called Bank of America Shelf Deals – July and June 2016 · ...
RMBS Settlements, Servicing Transfers, Called Deals and more
Happy Friday. Topics today include: Countrywide $8.5 billion RMBS Settlement JPMorgan $4.5 billion RMBS Settlement Called/Terminated...
Initial Observations of the November 2015 remittance
In today’s commentary, we investigate in detail, three borrowers who have inflicted serious losses onto RMBS investors. Amazingly, the...
