Outstanding Forbearance – Bang Head Here
The industry should be ashamed of how awful the reporting of this important data element is. The governing documents don’t require the...
Beware of Fake REOs
Our Claim: We have discovered 420 Nationstar serviced loans that we suspect are sitting in the trusts listed as a REO yet: have...
May 2017 Remittance – More Observations
Topics: Lehman RMBS Settlement – Acceptance of Settlement offer by RMBS Trustees Servicing Transfer: PHH to Nationstar MSR Sale from RCS...
SAMI Bonds - Beware of REOs that have already been sold
Happy St. Patrick’s Day. You may need a stiff drink after reading through today’s commentary. We have found a number of loans in SAMI...
Updated Call Rights Spreadsheet – February 2017 - New and Improved
Happy Friday. New and Improved Call Rights Spreadsheet. Hope you like it. If not, then let us know. We have a new format, better data,...
Servicer & Trustees - Alleged Errors
#1: Alleged Errors by Servicers: REO Liquidations still sitting in your deals Explanation: Sold REOs (deed transferred from trustee to...
Great News - We have even more updated Valuations and a more accurate Servicer Mapping
Updated Valuations: We now have access to updated valuations (BPO, AVM, Full (1004) Appraisals) that are less than 1 year old on: · ...
Mid-June Mind Dump
Topics include Local Law enacted to prevent foreclosed vacant properties from becoming a public nuisance – Town of Hempstead, NY...
Loss Severities for Data Geeks like us (with attachment)
Today we provide loss severity data and lots of it. We like to provide data to our clients to study and learn from as opposed to...
Non-Agency RMBS: Things of Interest
In addition to today’s commentary, we have attached a spreadsheet that shows modification step-ups by deal. It is difficult to get a...
