October 2015 Remittance - Day #1 Observations
We start day #1 out with a smorgasbord of observations. The last 2 pages contain the latest status on the Ocwen Event of Default Notices.
We are also attaching to this email two notices we discovered on the Trustee websites regarding the Lehman RMBS Protocol Status.
Topics
Losses Made Whole
Largest Losses
Largest Loss – $2.4MM
Liquidations – Largest Severity (Loss >= $250K)
189% Loss Severity. How?
2015 Liquidations / Severities - By Last Paid to Date
2015 Liquidations / Severities - By Last Paid to Date (Top 3 States)
2015 Liquidations / Severities - By Last Paid to Date (Default Amount >= $150,000)
NO advancing even with a valuation between $4.6MM and $5.3MM?
NO advancing, NO activity – yet a BPO of $2.99MM?
Unexplained Expenses (18% of Sales Price) – What is this?
New Million Dollar REOs
Auction Just Ended!
Ocwen Servicer Event of Default - Results of Voting
Ocwen Servicer Event of Default – No Action/No Decision
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