Initial Observations of the November 2015 remittance
In today’s commentary, we investigate in detail, three borrowers who have inflicted serious losses onto RMBS investors. Amazingly, the feds have actually made one accountable for his misdeeds. These stories are worth reading.
However, first we look at the initial data from the November 2015 distribution. We will make additional observations as more data arrives this week.
Topics
Brad Pitt is Angry
Countrywide RMBS Settlement
Bank of America and Chase continue to make losses whole
Largest Losses – November 2015 Remittance
CPR/CDR – November 2015
Borrower fraud
Why is this loan in REO since January 2010?
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