March 2015 Remittance – Day #1 Observations
We have a smorgasbord of observations today.
Topics
Losses Made Whole
Servicer Legal Fees charged to the trust by Ocwen –What is this?
Loans Paid in Full – Forbearance Paid Back too!!
This Loan paid off and Ocwen collected the Forbearance? Sounds great, but
this makes no sense.
This Loan paid off and Wells Fargo collects the Forbearance.
What can mislead you to believe that Loss Severity is declining?
Loss Severities
January 2015 Modifications that Immediately Failed
Sale of servicing rights
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