HOMEOWNERSHIP LOAN PORTFOLIO DELINQUENCY, REO & SHORT SALE ... - California

HOMEOWNERSHIP LOAN PORTFOLIO DELINQUENCY, REO & SHORT SALE, UNINSURED LOSS, AND

LOAN MODIFICATION REPORT

_____________________S_ep_t_e_m_be_r_3_0_,_2_0_1_5____________________

Reconciled Loan Delinquency Summary All Active Loans By Insurance Type

Federal Guaranty FHA VA RHS

Loan Count

Balance

% of Balance

6,379 135 70

$ 618,123,661 11,973,359 11,609,671

31.12% 0.60% 0.58%

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

30-Day Count 60-Day Count 90(+) Day

Totals Count %

312 4.89% 8 5.93% 2 2.86%

100 1.57% 1 0.74% 0 0.00%

155

2.43%

1

0.74%

0

0.00%

567 8.89% 10 7.41% 2 2.86%

Conventional loans with MI MI with Reinsurance No Reinsurance without MI Originated with no MI MI Cancelled*

1,872 333

3,259 1,593

460,040,566 75,249,033

541,681,469 267,844,505

23.16% 3.79%

27.27% 13.48%

82 4.38% 20 6.01%

83 2.55% 46 2.89%

14 0.75% 7 2.10%

16 0.49% 9 0.56%

71

3.79%

17

5.11%

58

1.78%

13

0.82%

167 8.92% 44 13.21%

157 4.82% 68 4.27%

Total CalHFA

13,641 $ 1,986,522,264 100.00%

553 4.05%

147 1.08%

315

2.31% 1,015 7.44%

Weighted average of conventional loans:

231 3.27%

46 0.65%

159

2.25%

436 6.18%

*Cancelled per Federal Homeowner Protection Act of 1998, which grants the option to cancel the MI with 20% equity. Note: In accordance with CalHFA's policy, no trustee sale is permitted between December 15 and January 5 of any year without CalHFA's prior written approval.

Reconciled Loan Delinquency Summary All Active Loans By Loan Type

Loan

Count

30-yr level amort

FHA

6,379 $

VA

135

RHS

70

Conventional - with MI

914

Conventional - w/o MI 4,320

40-yr level amort

Conventional - with MI

210

Conventional - w/o MI

164

*5-yr IOP, 30-yr amort

Conventional - with MI 1,081

Conventional - w/o MI

368

Balance

% of Balance

618,123,661 11,973,359 11,609,671

194,985,924 693,345,389

31.12% 0.60% 0.58% 9.82%

34.90%

55,166,211 31,530,549

2.78% 1.59%

285,137,465 84,650,036

14.35% 4.26%

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Totals

30-Day Count 60-Day Count 90(+) Day Count

%

312 4.89% 8 5.93% 2 2.86%

47 5.14% 115 2.66%

100 1.57% 1 0.74% 0 0.00%

12 1.31% 19 0.44%

155

2.43%

1

0.74%

0

0.00%

31

3.39%

51

1.18%

567 8.89% 10 7.41% 2 2.86% 90 9.85%

185 4.28%

9 4.29% 4 2.44%

2 0.95% 4 2.44%

11

5.24%

9

5.49%

22 10.48% 17 10.37%

46 4.26% 10 2.72%

7 0.65% 2 0.54%

46

4.26%

11

2.99%

99 9.16% 23 6.25%

Total CalHFA

13,641 $ 1,986,522,264 100.00%

553 4.05%

147 1.08%

315

2.31% 1,015 7.44%

Weighted average of conventional loans:

231 3.27%

46 0.65%

159

2.25%

436 6.18%

*As of August 1, 2015 all IOP loans (except 1 loans which were modified) were converted to fixed (amortizing) loans.

Page 1 of 8

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Reconciled Loan Delinquency Summary All Active Loans By Servicer

CALHFA - LOAN SERVICING GUILD MORTGAGE WELLS FARGO HOME MORTGAGE EVERHOME MORTGAGE COMPANY CALHFA - LOAN SERVICING - BAC HOME LOANS OCWEN MORTGAGE FIRST MORTGAGE CORP CITIMORTGAGE, INC.

Total CalHFA

Loan Count

Balance

% of Balance

Loan Count 30-Day

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Count 60-Day Count 90(+) Day

Totals

Count

%

5,088 * $ 954,529,708

48.05%

146 2.87%

33 0.65%

108

3,241

441,375,790

22.22%

174 5.37%

47 1.45%

74

1,543

142,526,509

7.17%

57 3.69%

21 1.36%

49

1,392

109,083,071

5.49%

84 6.03%

18 1.29%

27

1,344

198,556,479

10.00%

59 4.39%

10 0.74%

32

555

59,396,444

2.99%

21 3.78%

12 2.16%

9

447

75,115,849

3.78%

11 2.46%

5 1.12%

15

31

5,938,414

0.30%

1 3.23%

1 3.23%

1

13,641

$ 1,986,522,264

100.00%

553 4.05%

147 1.08%

315

2.12% 2.28% 3.18% 1.94% 2.38% 1.62% 3.36% 3.23% 2.31%

287 295 127 129 101

42 31

3 1,015

5.64% 9.10% 8.23% 9.27% 7.51% 7.57% 6.94% 9.68% 7.44%

*Dovenmuehle's loans transferred to CalHFA Loan Servicing in September 2015.

LOS ANGELES SAN DIEGO KERN FRESNO TULARE SANTA CLARA SAN BERNARDINO RIVERSIDE SACRAMENTO ALAMEDA ORANGE CONTRA COSTA IMPERIAL VENTURA BUTTE OTHER COUNTIES

Total CalHFA

Reconciled Loan Delinquency Summary All Active Loans By County

Loan Count

Balance

% of Balance

Loan Count 30-Day

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Total

Count 60-Day Count 90-Day+ Count

%

2,273 1,060

940 834 821 763 596 595 586 551 544 460 402 314 303 2,599 13,641

$ 407,780,614 192,148,083 80,057,018 61,521,497 60,889,975 163,782,037 83,926,703 77,332,894 89,072,204 111,202,261 101,338,379 88,475,213 34,648,594 70,821,392 29,008,495 334,516,902

$ 1,986,522,264

20.53% 9.67% 4.03% 3.10% 3.07% 8.24% 4.22% 3.89% 4.48% 5.60% 5.10% 4.45% 1.74% 3.57% 1.46%

16.84% 100.00%

83 3.65% 44 4.15% 46 4.89% 37 4.44% 45 5.48% 16 2.10% 25 4.19% 40 6.72% 22 3.75% 10 1.81% 17 3.13% 14 3.04% 27 6.72% 15 4.78% 16 5.28% 96 3.69% 553 4.05%

22 0.97% 6 0.57%

15 1.60% 12 1.44% 11 1.34%

3 0.39% 7 1.17% 12 2.02% 8 1.37% 4 0.73% 5 0.92% 6 1.30% 8 1.99% 1 0.32% 3 0.99% 24 0.92% 147 1.08%

50 2.20%

155 6.82%

28 2.64%

78 7.36%

20 2.13%

81 8.62%

18 2.16%

67 8.03%

22 2.68%

78 9.50%

8 1.05%

27 3.54%

20 3.36%

52 8.72%

23 3.87%

75 12.61%

18 3.07%

48 8.19%

9 1.63%

23 4.17%

5 0.92%

27 4.96%

12 2.61%

32 6.96%

11 2.74%

46 11.44%

7 2.23%

23 7.32%

10 3.30%

29 9.57%

54 2.08%

174 6.69%

315 2.31% 1,015 7.44%

Page 2 of 8

55.00%

50.00%

45.00%

40.00%

35.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

% of Total Loan Count % of Total Delinquent Loan Count

CALHFA - LOAN SERVICING

20.82% 15.89%

CalHFA FHA Loan Portfolio Performance Comparison by Servicer (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of September 30, 2015

GUILD MORTGAGE

28.39% 29.88%

CALHFA - LOAN SERVICING BAC HOME LOANS

6.15%

7.94%

WELLS FARGO HOME MORTGAGE

16.83%

17.27%

EVERHOME MORTGAGE COMPANY

17.39%

19.17%

FIRST MORTGAGE CORP

3.24% 2.94%

OCWEN MORTGAGE

7.18% 6.91%

CITIMORTGAGE, INC.

0.00% 0.00%

55.00%

CalHFA Conventional Loan Portfolio Performance Comparison by Servicer (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of September 30, 2015

50.00%

45.00%

40.00%

35.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

% of Total Loan Count % of Total Delinquent Loan Count

CALHFA - LOAN SERVICING

52.67% 44.72%

GUILD MORTGAGE

19.44% 27.98%

CALHFA - LOAN SERVICING - BAC HOME LOANS

13.31%

12.61%

WELLS FARGO HOME MORTGAGE

6.16%

6.19%

EVERHOME MORTGAGE COMPANY

3.50%

4.13%

FIRST MORTGAGE CORP

3.32% 3.21%

OCWEN MORTGAGE

1.16% 0.46%

CITIMORTGAGE, INC.

0.44% 0.69%

Page 3 of 8

CalHFA FHA Loan Portfolio Performance Comparison by County (% of Total Loan Count vs. % of Total Delinquent Loan Count)

as of September 30, 2015

22%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

LOS ANGELES

% of Total Loan Count % of Total Delinquent Loan Count

16.83% 15.20%

KERN 12.33% 11.74%

TULARE 10.15% 11.05%

FRESNO 8.93% 10.19%

SAN BERNARDINO

5.92%

7.25%

RIVERSIDE 5.21% 7.60%

IMPERIAL 5.18% 7.25%

SAN DIEGO 5.03% 4.66%

ORANGE 3.08% 2.76%

SACRAMENTO 2.66% 2.25%

KINGS 2.51% 2.07%

BUTTE 2.22% 2.07%

MONTEREY SANTA CLARA SAN JOAQUIN

1.94% 1.38%

1.72% 0.86%

1.72% 1.73%

OTHER COUNTIES

14.58%

11.92%

CalHFA Conventional Loan Portfolio Performance Comparison by County (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of September 30, 2015

22%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

LOS ANGELES SAN DIEGO SANTA CLARA

% of Total Loan Count % of Total Delinquent Loan Count

16.51% 15.37%

10.33% 11.70%

9.21% 5.05%

ALAMEDA 7.55% 5.05%

SACRAMENTO 5.82% 8.03%

CONTRA COSTA 5.14%

5.96%

ORANGE 4.83% 2.52%

VENTURA 3.81% 4.82%

RIVERSIDE 3.57% 7.11%

FRESNO 3.49% 1.83%

SONOMA 3.43% 1.61%

SAN BERNARDINO

2.92%

2.29%

BUTTE 2.22% 3.90%

TULARE 2.17% 3.21%

KERN 1.81% 2.98%

OTHER COUNTIES

17.17%

18.58%

Page 4 of 8

90-day+ delinquent ratios (month-end)

30% 28% 26% 24% 22% 20% 18% 16% 14% 12% 10%

8% 6% 4% 2% 0% Sep-2011

90 day+ delinquent ratios for CalHFA's FHA and weighted average of all Conventional Loans

CalHFA's FHA fixed-rate

CalHFA's conventional loans (30/40/IOP)

Sep-2012

Sep-2013

Sep-2014

Sep-2015

90 day+ delinquent ratios for CalHFA's Three Conventional Loan Types

30%

28%

5-yr interest-only, 30-yr level (started in June '05)

26%

40-yr level (started in June '06)

24%

30-yr level

22%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0% Sep-2013 Nov-2013 Jan-2014

Mar-2014 May-2014

Jul-2014

Sep-2014 Nov-2014

Jan-2015

Mar-2015 May-2015

Jul-2015

Sep-2015

90-day+ delinquency ratios (month-end)

Page 5 of 8

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