Sunday, November 10, 2013

Trepp October Loss Analysis: Volume and Loss Severity Remain Below Average




NEW YORK, NY -- After a busy summer, September and October saw relatively low volume in terms of loans liquidated with losses.

Liquidation volume registered $960.1 million in October. While this number was up 10% from September's volume, it was still well below the 12-month moving average of $1.23 billion and 53% below July's $2.05 billion.

October loss severity landed at 38.58%, down from September's 43.30% and below the 12-month moving average of 43.78%. 

The number of loans liquidated in October was 76, resulting in $370.43 million in losses. These liquidations translated to an average disposed balance of $12.63 million, above the 12-month average of $11.39 million.

Since January 2010, servicers have been liquidating at an average rate of $1.17 billion per month.




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