October 2016 Remittance – Initial Observations
Topics in today’s Commentary
· Performance Statistics – October 2016 Remittance
· The Distribution has been made - Certain ACE 2007 Deals vs. DB Structured Products, Inc.
· Losses Made Whole (Rep & Warranty Repurchases) – Sept & Oct 2016
· NO WAY INVESTORS SHOULD ACCEPT THIS LOSS!!
· Pending Sales - Big Losses coming soon
· 1st Liens – as of October 2016 Remittance – Distribution by State
· Deals with Largest 12-Month Loss Severity
· Servicer Comparison – by Product – October 2015 vs October 2016
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