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

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

LOAN MODIFICATION REPORT

_____________________ __A_p_ri_l 3_0_, _2_01_5_______________________

Reconciled Loan Delinquency Summary All Active Loans By Insurance Type

Federal Guaranty FHA VA RHS

Loan Count

Balance

% of Balance

6,706 150 72

$ 666,684,288 14,023,163 12,204,070

30.60% 0.64% 0.56%

Loan Count

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

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

Totals Count %

321 4.79% 10 6.67% 6 8.33%

83 1.24% 0 0.00% 0 0.00%

188

2.80%

5

3.33%

3

4.17%

592 8.83% 15 10.00% 9 12.50%

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

2,131 442

3,456 1,591

531,926,334 97,207,535

589,087,169 267,377,203

24.42% 4.46%

27.04% 12.27%

68 3.19% 22 4.98%

84 2.43% 30 1.89%

27 1.27% 10 2.26%

16 0.46% 5 0.31%

97

4.55%

22

4.98%

73

2.11%

25

1.57%

192 9.01% 54 12.22%

173 5.01% 60 3.77%

Total CalHFA

14,548 $ 2,178,509,761 100.00%

541 3.72%

141 0.97%

413

2.84% 1,095 7.53%

Weighted average of conventional loans:

204 2.68%

58 0.76%

217

2.85%

479 6.29%

*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

6,706 $

VA

150

RHS

72

Conventional - with MI 1,142

Conventional - w/o MI 4,505

40-yr level amort

Conventional - with MI

243

Conventional - w/o MI

159

*5-yr IOP, 30-yr amort

Conventional - with MI 1,188

Conventional - w/o MI

383

Balance

% of Balance

DELINQUENCY RATIOS - % of Loan Count

Loan

Loan

Loan

Totals

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

666,684,288 14,023,163 12,204,070

243,260,515 737,038,578

30.60% 0.64% 0.56%

11.17% 33.83%

321 4.79% 10 6.67% 6 8.33% 40 3.50% 96 2.13%

83 1.24% 0 0.00% 0 0.00%

18 1.58% 16 0.36%

188

2.80%

5

3.33%

3

4.17%

38

3.33%

78

1.73%

592 8.83% 15 10.00% 9 12.50% 96 8.41%

190 4.22%

65,524,375 29,836,122

3.01% 1.37%

12 4.94% 5 3.14%

2 0.82% 2 1.26%

18

7.41%

6

3.77%

32 13.17% 13 8.18%

320,348,979 89,589,671

14.70% 4.11%

38 3.20% 13 3.39%

17 1.43% 3 0.78%

63

5.30%

14

3.66%

118 9.93% 30 7.83%

Total CalHFA

14,548 $ 2,178,509,761 100.00%

541 3.72%

141 0.97%

413

2.84% 1,095 7.53%

Weighted average of conventional loans:

204 2.68%

58 0.76%

217

2.85%

479 6.29%

*As of March 1, 2015 all IOP loans (except 9 loans which were modified) were converted to fixed (amortizing) loans.

1 of 7

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

20.31% 13.98%

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

GUILD MORTGAGE

28.54% 26.18%

CALHFA - LOAN SERVICING - BAC HOME

LOANS

6.08%

9.11%

WELLS FARGO HOME MORTGAGE

16.57% 17.24%

EVERHOME MORTGAGE COMPANY

17.57% 21.14%

FIRST MORTGAGE CORP

3.31% 3.90%

OCWEN MORTGAGE

7.33% 8.46%

CITIMORTGAGE, INC.

0.00% 0.00%

DOVENMUEHLE MORTGAGE, INC.

0.30% 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

53.15% 44.68%

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

GUILD MORTGAGE

19.04% 22.96%

CALHFA - LOAN SERVICING - BAC HOME

LOANS

13.15%

13.78%

WELLS FARGO HOME MORTGAGE

5.97% 6.89%

EVERHOME MORTGAGE COMPANY

3.58% 6.26%

FIRST MORTGAGE CORP

3.41% 3.34%

OCWEN MORTGAGE

1.22% 1.67%

CITIMORTGAGE, INC.

0.43% 0.42%

DOVENMUEHLE MORTGAGE, INC.

0.04% 0.00%

2 of 7

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

as of April 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

16.87% 15.58%

KERN 12.21% 12.18%

22%

TULARE 9.97% 11.36%

FRESNO 8.85% 11.85%

SAN BERNARDINO

6.00%

6.49%

RIVERSIDE 5.21% 7.95%

SAN DIEGO 5.11% 4.06%

IMPERIAL 5.08% 4.71%

ORANGE 3.28% 1.95%

SACRAMENTO 2.76% 2.60%

KINGS 2.48% 1.95%

BUTTE 2.22% 1.62%

MONTEREY 1.89% 1.95%

SANTA BARBARA

1.67%

1.46%

SAN JOAQUIN 1.66% 1.79%

OTHER COUNTIES

14.72%

12.50%

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

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% 15.03%

10.42% 12.73%

9.78% 5.85%

ALAMEDA 7.81% 4.80%

SACRAMENTO 5.73% 7.52%

CONTRA COSTA 5.12%

5.22%

ORANGE 5.08% 3.34%

VENTURA 3.81% 3.13%

RIVERSIDE 3.45% 4.18%

FRESNO 3.39% 2.71%

SONOMA 3.33% 2.30%

SAN BERNARDINO

2.82%

1.88%

BUTTE 2.18% 3.76%

TULARE 2.07% 3.13%

KERN 1.76% 3.55%

OTHER COUNTIES

16.84%

20.88%

3 of 7

90-day+ delinquent ratios (month-end)

90 day+ delinquent ratios for CalHFA's FHA

and weighted average of all Conventional Loans

30%

CalHFA's FHA fixed-rate 28%

CalHFA's conventional loans

26%

(30/40/IOP)

24%

22%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0% Apr-2011

Apr-2012

Apr-2013

Apr-2014

Apr-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% Apr-2013

Jun-2013

Aug-2013

Oct-2013

Dec-2013

Feb-2014

Apr-2014

Jun-2014

Aug-2014

Oct-2014

Dec-2014 Feb-2015

Apr-2015

90-day+ delinquency ratios (month-end)

4 of 7

Number of REOs

Real Estate Owned

Calendar Year 2015 (As of April 30, 2015)

*Trustee Sales

Disposition of REO(s)

Beginning Prior Reverted Reverted Total Repurchased Market Repurchased Market

Total

Ending

UPB

Loan

Balance Calendar to CalHFA to CalHFA Trustee by Lender Sale(s) by Lender Sale(s) Disposition Balance of REO's

Type # of Loans Adj. Jan-Mar April

Sales

Jan-Mar Jan-Mar

April

April of REO(s) # of Loans Owned

FHA/RHS/VA

15

(2)

19

3

22

17

6

23

12 $ 2,388,516

Conventional

60

2

26

8

34

40

10

50

46 9,778,395

Total

75

0

45

11

56

17

40

6

10

73

58 $ 12,166,911

*3rd party trustee sales are not shown in this table (title to these loans were never transferred to CalHFA). There were 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, twenty two (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 eight

(8) 3rd party sales to date 2015.

FHA REO Inventory

1200

1200

1100 1000

900

Series3 Series1 Series2

1100 1000 900

800

800

700

700

600

600

500

500

400 300

315

400 300

200

200

100 0

100

12 0

1200 1100 1000

900 800 700 600 500 400 300 200 100

0

1076

Quarterly by Calendar Year

Conventional REO Inventory

Series3 Series1 Series2

1200

1100

1000

900

800

700

600

500

400

300

200

46

100

0

Number of REOs

Quarterly by Calendar Year

5 of 7

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download