Ocwen Modifications, Servicing Transfers and more
Topics in today’s Commentary · 375 Tennessee loans serviced by Ocwen just had their interest rate drop below their lifetime floor....
July 2016 Remittance – Initial Observations
Topics in today’s Commentary · Losses Made Whole · Called Bank of America Shelf Deals – July and June 2016 · ...
Losses that should not be
Investors should always pursue the trustee for loan activity/non-activity that doesn’t make any sense. Today we highlight some of these...
June 2016 Remittance – Day #1 Observations
Besides the arrival of the Countrywide Settlement proceeds, nothing this month can beat the excitement of the Brexit vote. We will have...
May 2016 Remittance – Day #1 Observations
Each remittance brings new fun and excitement. We still have $613 billion of this collateral left, so lots of fun and excitement remain....
April 2016 Remittance – Lots of Information
Topics today Countrywide RMBS Settlement: Proposed Changes to the Severance Order and Partial Final Judgment - 3 deals move from Initial...
April 2016 Remittance - Day #1 Observations
We have some interesting Zillow data starting on page 6. It is worth spending some time reviewing. The property in the first story today...
Mid April 2016 Observations
Happy Friday before Tax Day. Topics today include: Deferred Debt Fully Recovered – even for a Condo in Florida – AMAZING!! A very bad...
January 2016 Remittance – Day #1 Observations
Topics Losses Made Whole Bloomberg is overstating CDR and understating Vol CPR and Severity examples: HVMLT 2005-11, HVMLT 2006-9, HVMLT...
The story of two modifications that immediately fail
Any modification that immediately fails needs to be investigated just like any loan that never makes a single payment. It is even more...
