This phenomenon is most likely due to SATO. The graph above also illustrates a clear correlation between higher chronic delinquencies and higher coupons. Īs the graph shows, within a given coupon, loans with larger original balances also tended to have higher “chronic delinquencies.” In the graph below, we chart loan balance on the x-axis and 180+Day delinquency on the y-axis, for 2017-18 production 30yr 3.5s through 4.5 “generic” borrowers. This new data reveals a strong correlation between loan balance and “chronically delinquent” loans. The Enterprises are now reporting delinquency states from 1 to 24 months to better account for loans that are seriously delinquent and not repurchased under the extended timeframe for repurchase of delinquent loans announced in 2020. In June, we highlighted Fannie Mae’s and Freddie Mac’s new “expanded delinquency” states.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |