Relevant:
- Fitch: U.S. RMBS Loss Severities to Rise 5-10% on Rising Costs & Weakening Home Values
- Fitch: Non-Agency REO Volume Jumps 441 Percent
- Impac Posts $152.5 Million Loss, Focused on ‘Preserving Liquidity’
- 5 Million Shadow Foreclosures, Some Now 5 Years Unpaid, Cast Recovery Doubts
- New Observations Quarterly Forecast of Property Values Estimates a Loss This Year of 13 Percent
2010-12-18 — mortgageorb.com
"The average loss severities on prime loans are anticipated to rise to between 49% and 54%, and Alt-A loss severities could rise to as high as 69%. Average loss severities on subprime loans are currently 75%; Fitch anticipates they could go as high as 85%."
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