Thursday, September 5, 2013

Trepp August Loss Analysis: Volume and Loss Severity Fall




NEW YORK, NY -- After a near-record amount of loan liquidations in July, August saw volume cut in half, falling back to a level in line with the roughly three-and-a-half-year average. August liquidations totaled $1.09 billion. This compares to the 12-month moving average of $1.32 billion and is slightly better than half of July's $2.05 billion.

August loss severity came in at 40.90%, down from July's reading of 43.63% and below the 12-month moving average of 43.44%. The number of loans liquidated in August was 90, which resulted in $444.29 million in losses and an average disposed balance of $12.07 million, which is slightly above the 12-month average of $11.20 million.

Since January 2010, servicers have been liquidating at an average rate of $1.18 billion per month.

For a complete copy of the company’s news release, please contact:

Eric R. Gerard
Senior Vice President
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10001
(212) 741-2977

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