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Updated Call Rights Spreadsheet – February 2017 - New and Improved

Happy Friday. New and Improved Call Rights Spreadsheet. Hope you like it. If not, then let us know.

We have a new format, better data, more relevant performance statistics on the OTS current loans plus a more simplified approach. In the attached Excel workbook, we provide 2 sheets:

  • Called deals from January 2014 – February 2017

  • All deals outstanding with Call Percentages, performance statistics and our Potential Call Criteria

Potential Call Criteria used

  1. Eligible, Eligible with 1 year, and Not Eligible based on current factor and call percentage

  2. Has the shelf been called since January 2014

  3. Is Ocwen or Nationstar the master servicer or servicer

  4. Do the OTS current loans have similar performance statistics to deals that have recently been called

  5. % OTS Current >= 80% and

  6. WAC >= 5 and

  7. % (FRM or modified) >= 80% and

  8. % 12 Month OTS Perfect Pay >= 85% and

  9. WA Updated LTV <= 75 where the updated LTV is calculated using either an updated valuation or adjusted by Zillow HPI and

  10. %1st Liens >= 99%

Deals that pass all the criteria are those that we believe have the most likelihood of being called (highlighted in red). You can easily create your own criteria by using the filters provided. Comments/suggestions/additions/complaints are always welcomed and appreciated.

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

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