AMBAC Notice to Holders - Wells Fargo CTSLink
The attached notice, dated October 6, 2017, appeared on Wells Fargo CTSLink this month for 26 deals. Currently, we do not see a similar...
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...
Hurricane Irma – Final FEMA Declarations
FEMA issued a Major Disaster Declaration for an additional 21 Florida counties and 2 Puerto Rico municipios. Just to be complete, we are...
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....
March 2017 Remittance - Day #1 Observations
With 76% of the deals that CoreLogic LoanPerformance tracks. Topics in today’s Commentary Warning 18 Called Deals – March 2017 Rep &...
December 2016 Remittance - Servicing Transfers and REOs
We are always available to answer questions and investigate anything that disturbs you. Feel free to suggest a topic that we should look...
Servicing Transfers – Wells Fargo to SLS 2016
Three servicing transfers in 2016: January, July, and November. 142 deals, 36,683 loans, $8.2 Billion (11% of Wells Fargo Non-Agency...
People of the State of California vs. U.S. Bank
Superior Court of California for the County of Los Angeles Central District – Central Civil West Division, Case No. BC 488436 With a...
Litigation Update – September 2016
Today’s Commentary includes 1) excerpts from four Notices posted on Wells Fargo’s CTSLink during September 2016 2) the September 2016...
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...
