NEW YORK, NY -- After jumping in April, liquidation volume
fell back below the $1 billion territory in May, although loss severity moved
up on a majority of losses in the greater than 2% category.
May liquidations
totaled $849.2 million, relative to the 12-month moving average of $1.30
billion.
The number of loans disposed with a loss in May came in at
82, down from 128 in April. The 82 loan liquidations resulted in $408.9 million
in losses, translating to an average loss severity of 48.15%.
May's reading was
2.35 percentage points higher than April's 45.80% and above the 12-month moving
average of 42.54%.
Since January 2010, servicers have been liquidating at an
average rate of $1.16 billion per month.
The average size of liquidated loans
in May was $10.36 million, lower than April's $12.66 million but in line with
the 12-month average of $10.18 million.
For a complete copy of the company’s news release, please
contact:
No comments:
Post a Comment