Attached files
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| 8-K - 8-K - DITECH HOLDING Corp | d77192d8k.htm |
Exhibit 99.1
Delinquency and Foreclosure Experience
The following tables set forth the performing, non-performing and real estate owned unpaid principal balance and loan count for Ditech Financial LLC’s (formerly known as Green Tree Servicing LLC) (“Ditech”) combined Fannie Mae and Freddie Mac mortgage loan servicing portfolio as of the dates indicated.1
| As of December 31, 2012 | As of December 31, 2013 | |||||||||||||||||||||||
| No. of Loans | Principal Balance2 |
% of Total Portfolio Principal Balance2 |
No. of Loans | Principal Balance2 |
% of Total Portfolio Principal Balance2 |
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| Current Loans |
224,677 | $ | 37,804,345,415 | 82.66 | % | 1,005,640 | $ | 136,686,689,387 | 83.26 | % | ||||||||||||||
| Period of Delinquency |
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| 30 - 59 dpd |
7,285 | $ | 1,194,909,827 | 2.61 | % | 19,287 | $ | 2,519,527,500 | 1.53 | % | ||||||||||||||
| 60 - 89 dpd |
2,262 | $ | 398,006,393 | 0.87 | % | 4,458 | $ | 611,772,602 | 0.37 | % | ||||||||||||||
| 90 + dpd |
2,841 | $ | 552,060,500 | 1.21 | % | 12,516 | $ | 2,100,183,628 | 1.28 | % | ||||||||||||||
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| Total Delinquencies3 |
12,388 | $ | 2,144,976,720 | 4.69 | % | 36,261 | $ | 5,231,483,731 | 3.19 | % | ||||||||||||||
| Foreclosures4 |
15,169 | $ | 2,747,459,074 | 6.01 | % | 54,578 | $ | 9,193,985,572 | 5.60 | % | ||||||||||||||
| Bankruptcies5 |
13,205 | $ | 2,174,344,552 | 4.75 | % | 78,663 | $ | 11,211,574,102 | 6.83 | % | ||||||||||||||
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| Total Foreclosures/Bankruptcies |
28,374 | $ | 4,921,803,626 | 10.76 | % | 133,241 | $ | 20,405,559,673 | 12.43 | % | ||||||||||||||
| Real Estate Owned |
4,860 | $ | 864,191,921 | 1.89 | % | 12,144 | $ | 1,841,765,265 | 1.12 | % | ||||||||||||||
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| Total Portfolio |
270,299 | $ | 45,735,317,681 | 100.00 | % | 1,187,286 | $ | 164,165,498,056 | 100.00 | % | ||||||||||||||
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| As of December 31, 2014 | As of June 30, 2015 | |||||||||||||||||||||||
| No. of Loans | Principal Balance2 |
% of Total Portfolio Principal Balance2 |
No. of Loans | Principal Balance2 |
% of Total Portfolio Principal Balance2 |
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| Current Loans |
1,261,197 | $ | 166,852,291,774 | 85.25 | % | 1,306,550 | $ | 177,103,715,239 | 85.89 | % | ||||||||||||||
| Period of Delinquency |
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| 30 - 59 dpd |
25,372 | $ | 3,155,825,361 | 1.61 | % | 32,805 | $ | 4,271,883,655 | 2.07 | % | ||||||||||||||
| 60 - 89 dpd |
7,255 | $ | 937,874,615 | 0.48 | % | 7,644 | $ | 1,014,798,829 | 0.49 | % | ||||||||||||||
| 90 + dpd |
13,718 | $ | 2,034,811,398 | 1.04 | % | 15,432 | $ | 2,258,602,027 | 1.10 | % | ||||||||||||||
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| Total Delinquencies3 |
46,345 | $ | 6,128,511,374 | 3.13 | % | 55,881 | $ | 7,545,284,511 | 3.66 | % | ||||||||||||||
| Foreclosures4 |
41,789 | $ | 7,097,548,021 | 3.63 | % | 35,541 | $ | 6,053,998,588 | 2.94 | % | ||||||||||||||
| Bankruptcies5 |
93,985 | $ | 12,993,255,333 | 6.64 | % | 97,597 | $ | 13,526,008,524 | 6.56 | % | ||||||||||||||
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| Total Foreclosures/Bankruptcies |
135,774 | $ | 20,090,803,354 | 10.26 | % | 133,138 | $ | 19,580,007,112 | 9.50 | % | ||||||||||||||
| Real Estate Owned |
17,058 | $ | 2,654,692,783 | 1.36 | % | 12,431 | $ | 1,976,623,574 | 0.96 | % | ||||||||||||||
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| Total Portfolio |
1,460,374 | $ | 195,726,299,284 | 100.00 | % | 1,508,000 | $ | 206,205,630,436 | 100.00 | % | ||||||||||||||
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| 1 | The portfolio excludes Fannie Mae and Freddie Mac loans that were purchased as part of a mortgage servicing rights acquisition that had not yet been transferred to Ditech’s servicing platform as of the applicable date. |
| 2 | The “Principal Balance” and “% of Total Portfolio Principal Balance” figures may not represent the exact sum of the constituent lines due to rounding. |
| 3 | The delinquency calculations are made using the Mortgage Banker Association’s calculation method for traditional prime products. |
| 4 | A loan is deemed to be in foreclosure if the servicer has initiated the foreclosure process. |
| 5 | The “Bankruptcies” figures include any loans that have an inactive Chapter 7 bankruptcy status that were discharged without reaffirmation of the debt. |
There can be no assurance, and no representation is made, that the delinquency and foreclosure experience noted in the tables above is indicative of future performance. If the residential real estate market should experience an overall decline in property values, the actual rates of delinquencies and foreclosures could be higher than those previously experienced by Ditech.