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October 2017 Remittance – Day #1 Observations

Loan level data from CoreLogic on 70-80% of the active deals always arrive the evening of the remittance, which is tonight. As of Friday, we have loan level data on 716 deals that pay prior to the 25th. Attached is a preview of what we already know concerning called deals, servicing transfers and some very preliminary performance issues from Hurricane Harvey. We have also included our final hurricane exposure spreadsheet that includes the zip codes affected by Hurricane Maria. In this final version, we isolated the areas most affected by Irma and Maria - Florida Keys, Puerto Rico and the US Virgin Islands.

Called Deals – September 2017 (preliminary)

  • WFHET 2007-M4 and 2007-M11 – Private Placement deals. We assume that the Optional termination percent was amended in the PSA by the majority Certificateholder to allow the deal to be terminated.

  • RAMP 2005-RS3 is included in preliminary NRZT 2017-6A deal stats, but not called per September 2017 Remittance (see attached).

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

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