July 2015 Remittance – Beware what lurks inside
A smorgasbord of observations.
Topics
Performance after Modification Step-Up
HAMP Mods with Step-Up Feature
Deals with Early Payment Defaults still in Trust (made 3 or less payments)
Losses Made Whole
Largest Modifications
Largest Losses
Principal Forgiveness Out of Control
REOs SOLD but Still Reported as REO - Ocwen and Nationstar
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