EFTA01171149Set 9
2011-11-015p3,568w
looks at one of the origins of the housing crisis: the growth of
high LTV loans, a source of eventual distress to taxpayers and homeowners. In the early ... FHA/Fannie Mae
.r.{ home purchase - 40%
10% volumes with LTV or
C LTV ... times to please constituents. A year or two after each increase, GSE-guaranteed high LTV loans (loan to values >= 97%) rose
sharply, and the rest, as they say, is history
https://www.justice.gov/epstein/files/DataSet%209/EFTA01171149.pdf
EFTA01071561Set 9
2011-11-015p3,613w
origins of the housing crisis: the growth Percentof annual loan volume
of high LTV loans, a source of eventual distress to taxpayers 40% 60%
and homeowners. In the early ... point going forward, Fannie Mae and FHA competed to see 10% volumes with LTV or
how many affordable loans they could underwrite. In 2002, CLTV >= 97% (LHS) - 35%
5%
Fannie ... times
to please constituents. A year or two after each increase, GSE-guaranteed high LTV loans (loan to values >= 97%) rose
sharply, and the rest, as they say, is history
https://www.justice.gov/epstein/files/DataSet%209/EFTA01071561.pdf
EFTA02405938Set 11
2013-02-058p965w
consists of 3,343 loans that are 109 months seasoned with an average updated LTV of 59.5%. The average
balance of the loans is $104k, which is relatively ... explains the higher severity prints we see on such a low LTV
pool. That being said, the 6 month historical trend in severities is showing slow improvement. 6month average severity ... call the desk with all bids/inquiries related to this bond. X32124
HIGHLIGHTS
HPI Updated LTV = 60%
73% of the borrowers have not missed a payment in the past 2 years
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02405938.pdf
EFTA01171154Set 9
2011-11-015p3,613w
origins of the housing crisis: the growth Percentof annual loan volume
of high LTV loans, a source of eventual distress to taxpayers 40% 60%
and homeowners. In the early ... point going forward, Fannie Mae and FHA competed to see 10% volumes with LTV or
how many affordable loans they could underwrite. In 2002, CLTV >= 97% (LHS) - 35%
5%
Fannie ... times
to please constituents. A year or two after each increase, GSE-guaranteed high LTV loans (loan to values >= 97%) rose
sharply, and the rest, as they say, is history
https://www.justice.gov/epstein/files/DataSet%209/EFTA01171154.pdf
EFTA00754997Set 9
2010-09-2810p2,021w
problems". After all,
interest rates are already low, the FHA lends up to 97% LTV and housing data is still terrible. But should payrolls and/or
growth disappoint again between ... lending standards, we find that most banks are reluctant to lend beyond 60% LTV,
except under special circumstances. That creates opportunities for mezzanine lending as well, which involves taking
exposure ... range of 60%-80% LTV. We did not do much structured credit or mezzanine investing from 2005 to
2007, due to our concerns about the mispricing of credit. That
https://www.justice.gov/epstein/files/DataSet%209/EFTA00754997.pdf