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

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

LOAN MODIFICATION REPORT

_____________________ __M_a_y_3_1_, _20_1_5_______________________

Reconciled Loan Delinquency Summary All Active Loans By Insurance Type

Federal Guaranty FHA VA RHS

Loan Count

Balance

% of Balance

6,642 147 72

$ 656,544,165 13,634,307 12,175,052

30.70% 0.64% 0.57%

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

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

Totals Count %

301 4.53% 6 4.08% 3 4.17%

92 1.39% 3 2.04% 1 1.39%

190

2.86%

4

2.72%

3

4.17%

583 8.78% 13 8.84% 7 9.72%

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

2,086 426

3,418 1,572

518,874,681 93,588,584

580,299,243 263,511,781

24.26% 4.38%

27.13% 12.32%

76 3.64% 26 6.10%

87 2.55% 30 1.91%

27 1.29% 9 2.11%

19 0.56% 10 0.64%

77

3.69%

21

4.93%

66

1.93%

19

1.21%

180 8.63% 56 13.15%

172 5.03% 59 3.75%

Total CalHFA

14,363 $ 2,138,627,812 100.00%

529 3.68%

161 1.12%

380

2.65% 1,070 7.45%

Weighted average of conventional loans:

219 2.92%

65 0.87%

183

2.44%

467 6.23%

*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

6,642 $

VA

147

RHS

72

Conventional - with MI 1,112

Conventional - w/o MI 4,451

40-yr level amort

Conventional - with MI

240

Conventional - w/o MI

159

*5-yr IOP, 30-yr amort

Conventional - with MI 1,160

Conventional - w/o MI

380

Balance

% of Balance

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Totals

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

656,544,165 13,634,307 12,175,052

236,918,952 725,066,465

30.70% 0.64% 0.57%

11.08% 33.90%

301 4.53% 6 4.08% 3 4.17%

49 4.41% 95 2.13%

92 1.39% 3 2.04% 1 1.39%

17 1.53% 24 0.54%

190

2.86%

4

2.72%

3

4.17%

29

2.61%

67

1.51%

583 8.78% 13 8.84% 7 9.72% 95 8.54%

186 4.18%

64,217,994 29,985,370

3.00% 1.40%

11 4.58% 9 5.66%

6 2.50% 2 1.26%

16

6.67%

5

3.14%

33 13.75% 16 10.06%

311,326,319 88,759,189

14.56% 4.15%

42 3.62% 13 3.42%

13 1.12% 3 0.79%

53

4.57%

13

3.42%

108 9.31% 29 7.63%

Total CalHFA

14,363 $ 2,138,627,812 100.00%

529 3.68%

161 1.12%

380

2.65% 1,070 7.45%

Weighted average of conventional loans:

219 2.92%

65 0.87%

*As of April 1, 2015 all IOP loans (except 7 loans which were modified) were converted to fixed (amortizing) loans.

183

2.44%

467 6.23%

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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

20.38% 15.12%

CalHFA FHA Loan Portfolio Performance Comparison by Servicer (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of May 31, 2015

GUILD MORTGAGE

28.42% 26.08%

CALHFA - LOAN SERVICING - BAC HOME

LOANS

6.09%

8.80%

WELLS FARGO HOME MORTGAGE

16.57% 17.28%

EVERHOME MORTGAGE COMPANY

17.59% 20.43%

FIRST MORTGAGE CORP

3.31% 3.99%

OCWEN MORTGAGE

7.35% 8.31%

CITIMORTGAGE, INC.

0.00% 0.00%

DOVENMUEHLE MORTGAGE, INC.

0.29% 0.00%

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

53.20% 46.68%

CalHFA Conventional Loan Portfolio Performance Comparison by Servicer (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of May 31, 2015

GUILD MORTGAGE

19.03% 23.13%

CALHFA - LOAN SERVICING - BAC HOME

LOANS

13.13%

11.56%

WELLS FARGO HOME MORTGAGE

6.03% 6.85%

EVERHOME MORTGAGE COMPANY

3.61% 6.85%

FIRST MORTGAGE CORP

3.35% 3.21%

OCWEN MORTGAGE

1.20% 1.28%

CITIMORTGAGE, INC.

0.44% 0.43%

DOVENMUEHLE MORTGAGE, INC.

0.01% 0.00%

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

as of May 31, 2015

22%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

LOS ANGELES

% of Total Loan Count % of Total Delinquent Loan Count

16.85% 15.26%

KERN 12.26% 12.11%

TULARE 10.00% 10.61%

FRESNO 8.91% 11.11%

SAN BERNARDINO

5.99%

7.79%

RIVERSIDE 5.19% 7.13%

SAN DIEGO 5.07% 3.81%

IMPERIAL 5.07% 5.47%

ORANGE 3.26% 2.82%

SACRAMENTO 2.74% 2.65%

KINGS 2.49% 1.49%

BUTTE 2.22% 1.49%

MONTEREY 1.91% 2.16%

SANTA BARBARA

1.68%

1.66%

SAN JOAQUIN 1.68% 1.49%

OTHER COUNTIES

14.69%

12.94%

CalHFA Conventional Loan Portfolio Performance Comparison by County (% of Total Loan Count vs. % of Total Delinquent Loan Count) as of May 31, 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

16.42% 14.99%

10.37% 10.71%

9.74% 5.57%

ALAMEDA 7.80% 5.78%

SACRAMENTO 5.75% 8.14%

CONTRA COSTA 5.19%

5.78%

ORANGE 4.96% 3.21%

VENTURA 3.81% 3.00%

RIVERSIDE 3.48% 4.28%

SONOMA 3.37% 2.36%

FRESNO 3.35% 2.14%

SAN BERNARDINO

2.85%

2.78%

BUTTE 2.19% 3.85%

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TULARE 2.09% 3.43%

KERN 1.77% 3.00%

OTHER COUNTIES

16.86%

20.99%

90-day+ delinquent ratios (month-end)

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

8% 6% 4% 2% 0% May-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)

May-2012

May-2013

May-2014

May-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% May-2013

Jul-2013

Sep-2013 Nov-2013

Jan-2014

Mar-2014 May-2014

Jul-2014

Sep-2014 Nov-2014

Jan-2015

Mar-2015 May-2015

90-day+ delinquency ratios (month-end)

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Number of REOs

Real Estate Owned

Calendar Year 2015 (As of May 31, 2015)

*Trustee Sales

Disposition of REO(s)

Beginning Prior Reverted Reverted Total Repurchased Market Repurchased Market

Loan

Balance Calendar to CalHFA to CalHFA Trustee by Lender Sale(s) by Lender Sale(s)

Type

# of Loans Adj. Jan-Apr

M ay

Sale s

Jan-Apr Jan-Apr

M ay

M ay

FHA/RHS/VA

15

(2)

26

3

29

23

9

Conve ntional

60

2

39

9

48

50

6

Total

75

0

65

12

77

23

50

9

6

Total

Ending

UPB

Disposition Balance

of REO's

of REO(s) # of Loans Ow ned

32

10 $ 1,711,913

56

54 11,877,525

88

64 $ 13,589,438

*3rd party trustee sales are not show n in this table (title to these loans w ere never transferred to CalHFA). There w ere eight (8) 3rd party sales in calendar year 2008, eighteen (18) 3rd party sales in calendar year 2009, thirty nine (39) 3rd party sales in calendar year 2010, tw enty tw o (22) 3rd party sales in calendar year 2011, fourty one (41) 3rd party sales in calendar year 2012, fifty nine (59) 3rd party sales in calendar year 2013, fourty three (43) 3rd party sales in calendar 2014, and there are six (6) 3rd party sales to date 2015.

FHA REO Inventory

1200

1200

1100 1000

900

REO Inventory New REOs Sold REOs

1100 1000 900

800

800

700

700

600

600

500

500

400 300

315

400 300

200

200

100 0

100

10 0

1200 1100 1000

900 800 700 600 500 400 300 200 100

0

1076

Quarterly by Calendar Year

Conventional REO Inventory

REO Inventory New REOs Sold REOs

1200

1100

1000

900

800

700

600

500

400

300

200

54

100

0

Number of REOs

Quarterly by Calendar Year

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