December 2015 Remittance – Initial Observations
We end 2015 with a collection of observations, a bunch of tables and charts, an account of a borrower who beat the system, and a fascinating story behind the largest loss that occurred this remittance. We are here to protect your investments, assist you in trading, and to investigate and answer questions regarding remittance issues, servicer problems, trustee problems and other concerns.
Losses Made Whole (Rep & Warranty Repurchases)
Largest Loss – December 2015 - SASC 2002-6
Citimortgage should not have foreclosed but rather done a deed in lieu of
Borrower WINS, Investors LOSE
Early Payment Defaults still in Deal (Made 6 payments or less)
Delinquency Stats as of December 2015 Remittance
CPR/CDR/Severity Stats as of December 2015 Remittance
Contact us at 203-276-0672 to become a client and access all reports and attachments.