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

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

LOAN MODIFICATION REPORT

_____________________ _O_c_to_b_er_3_1_,_2_0_1_5_____________________

Reconciled Loan Delinquency Summary All Active Loans By Insurance Type

Federal Guaranty FHA VA RHS

Loan Count

Balance

% of Balance

6,337 134 70

$ 611,886,787 11,723,657 11,580,826

31.37% 0.60% 0.59%

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

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

Totals Count %

333 5.25% 5 3.73% 2 2.86%

93 1.47% 4 2.99% 0 0.00%

155

2.45%

2

1.49%

0

0.00%

581 9.17% 11 8.21% 2 2.86%

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

1,827 325

3,214 1,571

446,722,871 73,364,238

531,372,392 264,127,809

22.90% 3.76%

27.24% 13.54%

87 4.76% 21 6.46%

76 2.36% 37 2.36%

28 1.53% 8 2.46%

21 0.65% 15 0.95%

59

3.23%

18

5.54%

56

1.74%

14

0.89%

174 9.52% 47 14.46%

153 4.76% 66 4.20%

Total CalHFA

13,478 $ 1,950,778,582 100.00%

561 4.16%

169 1.25%

304

2.26% 1,034 7.67%

Weighted average of conventional loans:

221 3.19%

72 1.04%

147

2.12%

440 6.34%

*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

6,337 $

VA

134

RHS

70

Conventional - with MI

885

Conventional - w/o MI 4,265

40-yr level amort

Conventional - with MI

207

Conventional - w/o MI

158

*5-yr IOP, 30-yr amort

Conventional - with MI 1,060

Conventional - w/o MI

362

Balance

% of Balance

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Totals

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

%

611,886,787 11,723,657 11,580,826

187,578,075 683,026,614

31.37% 0.60% 0.59% 9.62%

35.01%

333 5.25% 5 3.73% 2 2.86%

41 4.63% 99 2.32%

93 1.47% 4 2.99% 0 0.00%

22 2.49% 29 0.68%

155

2.45%

2

1.49%

0

0.00%

25

2.82%

52

1.22%

581 9.17% 11 8.21% 2 2.86% 88 9.94%

180 4.22%

54,091,119 29,622,661

2.77% 1.52%

18 8.70% 3 1.90%

3 1.45% 2 1.27%

9

4.35%

7

4.43%

30 14.49% 12 7.59%

278,417,915 82,850,927

14.27% 4.25%

49 4.62% 11 3.04%

11 1.04% 5 1.38%

43

4.06%

11

3.04%

103 9.72% 27 7.46%

Total CalHFA

13,478 $ 1,950,778,582 100.00%

561 4.16%

169 1.25%

304

2.26% 1,034 7.67%

Weighted average of conventional loans:

221

*As of September 1, 2015 all IOP loans were converted to fixed (amortizing) loans.

3.19%

72 1.04%

147

2.12%

440 6.34%

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 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

%

5,450 * $ 1,010,139,219

51.78%

182 3.34%

51 0.94%

120

3,209

432,906,847

22.19%

160 4.99%

46 1.43%

76

1,531

140,550,476

7.20%

68 4.44%

20 1.31%

41

1,380

107,893,642

5.53%

71 5.14%

24 1.74%

27

1,326

194,792,386

9.99%

59 4.45%

17 1.28%

27

551

58,570,858

3.00%

19 3.45%

10 1.81%

12

31

5,925,153

0.30%

2 6.45%

1 3.23%

1

13,478

$ 1,950,778,582

100.00%

561 4.16%

169 1.25%

304

2.20% 2.37% 2.68% 1.96% 2.04% 2.18% 3.23% 2.26%

353 282 129 122 103

41 4

1,034

6.48% 8.79% 8.43% 8.84% 7.77% 7.44% 12.90% 7.67%

*First Mortgage Corp's loans transferred to CalHFA Loan Servicing in October 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

%

2,239 1,045

934 830 815 746 594 588 575 544 528 451 400 307 302 2,580 13,478

$ 400,312,450 188,620,984 79,268,282 61,137,144 60,285,983 159,005,946 83,447,954 76,293,195 87,184,722 109,591,151 97,616,375 86,455,740 34,303,003 68,623,289 28,701,560 329,930,805

$ 1,950,778,582

20.52% 9.67% 4.06% 3.13% 3.09% 8.15% 4.28% 3.91% 4.47% 5.62% 5.00% 4.43% 1.76% 3.52% 1.47%

16.91% 100.00%

90 4.02% 35 3.35% 44 4.71% 36 4.34% 51 6.26% 11 1.47% 30 5.05% 43 7.31% 31 5.39% 13 2.39% 17 3.22% 16 3.55% 19 4.75% 10 3.26% 11 3.64% 104 4.03% 561 4.16%

23 1.03% 11 1.05% 16 1.71% 10 1.20% 13 1.60%

9 1.21% 6 1.01% 13 2.21% 6 1.04% 0 0.00% 5 0.95% 5 1.11% 8 2.00% 2 0.65% 8 2.65% 34 1.32% 169 1.25%

46 2.05%

159 7.10%

26 2.49%

72 6.89%

22 2.36%

82 8.78%

19 2.29%

65 7.83%

21 2.58%

85 10.43%

6 0.80%

26 3.49%

19 3.20%

55 9.26%

21 3.57%

77 13.10%

20 3.48%

57 9.91%

9 1.65%

22 4.04%

6 1.14%

28 5.30%

10 2.22%

31 6.87%

12 3.00%

39 9.75%

5 1.63%

17 5.54%

10 3.31%

29 9.60%

52 2.02%

190 7.36%

304 2.26% 1,034 7.67%

Page 2 of 8

60.00%

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

24.03% 22.22%

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

GUILD MORTGAGE

28.41% 27.95%

CALHFA - LOAN SERVICING BAC HOME LOANS

6.15%

8.42%

WELLS FARGO HOME MORTGAGE

16.86%

17.00%

EVERHOME MORTGAGE COMPANY

17.37%

17.68%

OCWEN MORTGAGE

7.19% 6.73%

CITIMORTGAGE, INC.

0.00% 0.00%

60.00%

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

55.90% 50.23%

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

GUILD MORTGAGE

19.48% 26.36%

CALHFA - LOAN SERVICING BAC HOME LOANS

13.32%

12.05%

WELLS FARGO HOME MORTGAGE

6.17%

6.36%

EVERHOME MORTGAGE COMPANY

3.52%

3.86%

OCWEN MORTGAGE

1.17% 0.23%

CITIMORTGAGE, INC.

0.45% 0.91%

Page 3 of 8

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

as of October 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

16.79% 15.82%

KERN 12.34% 12.29%

TULARE 10.15% 11.28%

FRESNO 8.94% 9.09%

SAN BERNARDINO

5.93%

7.58%

RIVERSIDE 5.21% 8.08%

IMPERIAL 5.18% 5.72%

SAN DIEGO 5.00% 4.55%

ORANGE 3.09% 2.19%

SACRAMENTO 2.64% 2.36%

KINGS 2.52% 2.36%

BUTTE 2.23% 2.36%

MONTEREY SANTA CLARA SAN JOAQUIN

1.96% 1.35%

1.73% 0.51%

1.71% 1.52%

OTHER COUNTIES

14.57%

12.96%

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

16.45% 14.77%

SAN DIEGO 10.35% 10.23%

SANTA CLARA 9.12% 5.23%

ALAMEDA 7.60% 4.77%

SACRAMENTO 5.80% 9.77%

CONTRA COSTA 5.13%

5.23%

ORANGE 4.70% 3.41%

VENTURA 3.78% 3.41%

RIVERSIDE 3.56% 6.59%

FRESNO 3.53% 2.50%

SONOMA 3.45% 2.05%

SAN BERNARDINO

2.97%

2.27%

BUTTE 2.25% 3.41%

TULARE 2.18% 4.09%

KERN 1.83% 2.05%

OTHER COUNTIES

17.31%

20.23%

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% Oct-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)

Oct-2012

Oct-2013

Oct-2014

Oct-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% Oct-2013

Dec-2013 Feb-2014

Apr-2014

Jun-2014

Aug-2014

Oct-2014

Dec-2014 Feb-2015

Apr-2015

Jun-2015

Aug-2015

Oct-2015

90-day+ delinquency ratios (month-end)

Page 5 of 8

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