DITECH HOLDING Corp - FORM 8-K - EX-99.1 - September 26, 2016

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Exhibit 99.1

Delinquency and Foreclosure Experience

The following tables set forth the performing, non-performing and real estate owned unpaid principal balance and loan count for Ditech Financial LLC’s (“Ditech”) combined Fannie Mae and Freddie Mac mortgage loan servicing portfolio as of the dates indicated.1

 

    As of December 31, 2012     As of December 31, 2013     As of December 31, 2014  
    No. of
Loans		     Principal
Balance2		     % by
Principal
Balance2		     No. of
Loans		     Principal
Balance2		     % by
Principal
Balance2		     No. of
Loans		     Principal
Balance2		     % by
Principal
Balance2		  

Current Loans

     224,677      $ 37,804,345,415        82.66 %      1,005,640      $ 136,686,689,387        83.26 %      1,261,197      $ 166,852,291,774        85.25 % 

Period of Delinquency

                  

30 – 59 dpd

     7,285      $ 1,194,909,827        2.61 %      19,287      $ 2,519,527,500        1.53 %      25,372      $ 3,155,825,361        1.61 % 

60 – 89 dpd

     2,262      $ 398,006,393        0.87 %      4,458      $ 611,772,602        0.37 %      7,255      $ 937,874,615        0.48 % 

90+ dpd

     2,841      $ 552,060,500        1.21 %      12,516      $ 2,100,183,628        1.28 %      13,718      $ 2,034,811,398        1.04 % 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Delinquencies3

     12,388      $ 2,144,976,720        4.69 %      36,261      $ 5,231,483,731        3.19 %      46,345      $ 6,128,511,374        3.13 % 

Foreclosures4

     15,169      $ 2,747,459,074        6.01 %      54,578      $ 9,193,985,572        5.60 %      41,789      $ 7,097,548,021        3.63 % 

Bankruptcies5

     13,205      $ 2,174,344,552        4.75 %      78,663      $ 11,211,574,102        6.83 %      93,985      $ 12,993,255,333        6.64 % 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Foreclosures / Bankruptcies

     28,374      $ 4,921,803,626        10.76 %      133,241      $ 20,405,559,673        12.43 %      135,774      $ 20,090,803,354        10.26 % 

Real Estate Owned

     4,860      $ 864,191,921        1.89 %      12,144      $ 1,841,765,265        1.12 %      17,058      $ 2,654,692,783        1.36 % 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Portfolio

     270,299      $ 45,735,317,681        100.00 %      1,187,286      $ 164,165,498,056        100.00 %      1,460,374      $ 195,726,299,284        100.00 % 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

     As of December 31, 2015     As of June 30, 2016  
     No. of
Loans		      Principal
Balance2		      % by
Principal
Balance2		     No. of
Loans		      Principal
Balance2		      % by
Principal
Balance2		  

Current Loans

      1,269,779       $ 174,262,117,555         86.17 %      1,261,755       $ 174,330,201,700         86.16 % 

Period of Delinquency

                 

30 – 59 dpd

      37,158       $ 4,848,341,983         2.40 %      45,215       $ 5,890,634,075         2.91 % 

60 – 89 dpd

      8,364       $ 1,092,566,519         0.54 %      9,887       $ 1,287,079,792         0.64 % 

90+ dpd

      16,797       $ 2,390,247,778         1.18 %      21,110       $ 3,042,737,661         1.50 % 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Total Delinquencies3

      62,319       $ 8,331,156,280         4.12 %      76,212       $ 10,220,451,527         5.05 % 

Foreclosures4

      34,906       $ 5,863,625,475         2.90 %      24,688       $ 4,080,410,924         2.02 % 

Bankruptcies5

      90,111       $ 12,304,655,233         6.08 %      90,718       $ 12,163,251,737         6.01 % 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Total Foreclosures / Bankruptcies

      125,017       $ 18,168,280,708         8.98 %      115,406       $ 16,243,662,661         8.03 % 

Real Estate Owned

      9,386       $ 1,480,781,074         0.73 %      10,296       $ 1,535,299,378         0.76 % 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Total Portfolio

      1,466,501       $ 202,242,335,616         100.00 %      1,463,669       $ 202,329,615,266         100.00 % 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

 

1  If applicable, the portfolio excludes Fannie Mae and Freddie Mac loans that were purchased as part of a mortgage servicing rights acquisition that had not yet been transferred to Ditech’s servicing platform as of the applicable date.
2  The “Principal Balance” and “% by Principal Balance” figures may not represent the exact sum of the constituent lines due to rounding.
3  The delinquency calculations are made using the Mortgage Banker Association’s calculation method for traditional prime products.
4  A loan is deemed to be in foreclosure if the servicer has initiated foreclosure proceedings.
5  The “Bankruptcies” figures include any loans that have an inactive Chapter 7 bankruptcy status that were discharged without reaffirmation of the debt.

There can be no assurance, and no representation is made, that the delinquency and foreclosure experience noted in the tables above is indicative of future performance. If the residential real estate market should experience an overall decline in property values, the actual rates of delinquencies and foreclosures could be higher than those previously experienced by Ditech.

DITECH HOLDING Corp Reports