July 2016 Remittance – Initial Observations
Topics in today’s Commentary
· Losses Made Whole
· Called Bank of America Shelf Deals – July and June 2016
· Non-called Bank of America Shelf Deals – as of July 2016 – Factors below 10%
· Realized Losses – July 2016 – Loss more than $1MM
· Examples – July 2016 – Loss more than $1MM
· Realized Losses – July 2016 – Loss Severity >= 170% (with UPB > $200K)
· CPR/CDR/Severity/MTL – as of July 2016 Remittance
· Voluntary CPR Graphs (Last 4 Years)
· Months to Liquidation & Loss Severity – by State
· Live in paradise for free – let RMBS Investors suffer a $1.9MM loss
· Special Notices appearing on CTSLink in July 2016
· Own a Farmstead
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