You really can’t trust Bloomberg for CPR, CDR or Severity
We now have discovered two (2) situations where Bloomberg is reporting incorrect CPR, CDR and Loss Severity. NEW REPORTING ERROR: Correct:...
April 2017 Remittance – Day #1 Observations
Initial observations on the first night of data from LoanPerformance. 80% of the deals they track. Much more to come as additional data...
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....
January 2017 Remittance – Initial Observations
In 2017, understanding the granularity of these bonds will become more important than ever before. We have more extensive data tied to...
Beware of False Liquidations - your Vol CPR is too low, your CDR is too high and your Severity is wa
What’s the problem? For voluntary payoffs, some Servicers are passing through to the Trust certain expenses that are not collectible from...
August 2016 Remittance - Day #1 Observations and a whole bunch more
Lots of interesting material in today’s Commentary. The Statute of Limitation cases going on in the Brooklyn courts are fascinating. We...
July 2016 Remittance – Initial Observations
Topics in today’s Commentary · Losses Made Whole · Called Bank of America Shelf Deals – July and June 2016 · ...
January 2016 Remittance – Day #1 Observations
Topics Losses Made Whole Bloomberg is overstating CDR and understating Vol CPR and Severity examples: HVMLT 2005-11, HVMLT 2006-9, HVMLT...
Losses of past, present and future
We continue to highlight loans sitting in trusts with huge pending losses. While some of the losses are inevitable, others can be tamed...
September 2015 Remittance – More Observations & Charts
Topics Losses Made Whole Called Deals Delinquency Rates by City Deemed Non-Recoverable? Non-Agency RMBS Delinquency Rates Charts...
