January 2018 Remittance - Day #1 Observations

Happy Friday. Topics in today’s commentary listed below. On 1/23/2018, we distributed our deal-level and deal-group-level data on forbearance. As you use those spreadsheets, please email/call us with questions. No question is too big or too small. We’re here to help. If Intex or any other source is telling you something different, please contact us so we can investigate. Next week, we will distribute our Step-up data by Deal and Deal-Group. Step-up data is another piece of information which is not readily available.

I will be in Las Vegas for all day Sunday and Monday morning. Monday is remittance day, so it’s back to work. Email if you want to get together.

Asset Backed Alert reports “RBS eyes fresh start in US Securitization”. Yeah sure.

Have a great weekend.

Topics:

Called Deals - preliminary
Forbearance Recovery from REO Liquidations
Forbearance Recovery > $100,000 – January 2018 Remittance
Interest Rate Step-ups
WAMU RMBS Settlement (latest notice attached)
JPM Chase RMBS Settlement - Non-covered deals – $726 million in SETTLEMENT CASH PAID (latest notice attached)
Bloomberg Intelligence – Litigation Watch
Blackrock v. U.S. Bancorp
PIMCO v. Citibank
PIMCO v. Wells Fargo
Blackrock v. Deutsche Bank
Blackrock v. HSBC