March 2017 Remittance – More Observations
Happy Friday. We are always available to answer questions, locate properties, scan the public records, or work on ad-hoc requests.
Topics in today’s Commentary
Servicing Transfers
March 2017 Remittance
2016 - 2017
Wells Fargo, as Securities Administrator, is reporting FALSE Liquidations (we discussed this in September 2016)
Sample Deals where Bloomberg is reporting bad Vol CPR, CDR and Severity – March 2017 Remittance
Examples:
HASC 2007-HE1
SAMI 2006-AR8
Loan Level – Voluntary Payoffs incorrectly reported as a Liquidation by Wells Fargo due to a loss under $1,000 – March 2017
Crazy Home Loans that really exist (aka big losses coming on DQ loans)
RALI 2006-QO5
RFMSI 2007-SA3
SASC 2007-BC1
SAMI 2006-AR6
MARM 2005-1
As reported by the press
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