Harvey will most likely be a non-event for Non-Agency RMBS, but Irma?
Lots to read here. Please call with questions, concerns and comments. We will follow up with data during the week and more thoughts.
Topics include:
Page 1
What we learned about Katrina
Will Harvey impact performance on an Non-Agency RMBS deal?
Page 2
Katrina vs Harvey
Impact on Orleans Parish – city of New Orleans:
Impact on Harris County (data still coming in):
Page 3
Outside of Harris County, according to FEMA
Page 4
Hurricane Katrina – 7 most affected Louisiana parishes
Page 5
KATRINA vs. HARVEY - Performance Statistics immediately prior to Hurricane
Pages 6-8
DEAL EXPOSURE: KATRINA vs. HARVEY
FEMA Exposure >= 50%: Katrina: 0 deals, Harvey: 3 deals
FEMA Exposure between 20.0% - 49.9%: Katrina: 0 deals, Harvey: 7 deals
FEMA Exposure between 5.0% - 9.9%: Katrina: 4 deals, Harvey: 321 deals
Pages 9-12
Most Hurricane effects on performance are temporary
Page 13
Potential Exposure to Non-Agency RMBS – by County - as of August 2017
Page 14
IRMA - Potential Exposure to Non-Agency RMBS – by Deal - as of August 2017
Page 15
Conclusions
Contact us at 203-276-0672 to become a client and access all reports and attachments.
