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September 2014 Remittance - Day #1

It is nice to be back digging into the data and focusing on issues affecting Non-Agency RMBS investors. As always, our commentary will inform, guide, warn, educate, instigate change, anger, and even entertain. We made some amazing discoveries from the data in the past and you should expect no less from us going forward. As our client, you will no longer have to make decisions in a vacuum, as you get to share in our collective knowledge from being in touch with some of the smartest people in the industry. We will be working hard documenting issues affecting investor cash flow. When turmoil reappears, data mining and loan level analysis will be paramount to quickly guiding you away from trouble and pointing you towards those new opportunities


  • Rep & Warranty Repurchases – Losses Made Whole

  • Modifications Gone Wild

  • Loan # 105465153: CWALT 2005-72 (BAC-covered trust-hirisk Bayview)

  • Loan # 0118674985: GSR 2006-OA1 (Nationstar – BAC 2H13)

  • Loan # 103874400: ACE 2002-HE2 serviced by Ocwen (Saxon 4/12)

  • Lots of questions raised by this loan

  • Remittance Statement fails to tell investors about Loan Modifications

  • Short Sales with the most Extreme Losses (August and September 2014 Remittances)

  • Lots of Different HAMP Mods

Our analytics package is straightforward, clear and easy to navigate. It will evolve as we discover more data and better ways to interpret data.

Contact us at 203-276-0672 to become a client and access all reports and attachments.

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