To: David Neugebauer
CC: Trenton Staley
From: Ted Scarbrough
Date: 2/4/2014 Data Month: December 2013
Re: CSFB 2003-CF14 (SPS) - Review Highlights
General Loan Delinquency Status Highlights:
1. As of December 2013, UPB of Current loans represent 62% of the total portfolio UPB.
2. The UPB of loans in 30 day status increased 77% from November 2013 balances.
a. Primarily represented by the net movement of 1 loan totaling $139K UPB from Current status. See loan-level comments below on loan #6008551 (UPB $99K), and loan #4015814 (UPB $80K).
3. The UPB of loans in 60 day status decreased 26% from November 2013 balances.
a. Primarily represented by the net movement of 1 loan totaling $59K UPB to 90+ day status. See loan-level comments below on loan #4030367 (UPB $83K).
b.
4. As of December 2013, UPB of Foreclosure loans represent 11% of the
total portfolio UPB.
5. As of December 2013, UPB of REO assets represent 5% of the total portfolio UPB.
Loan Level Comments:
1. Loan #6008551 UPB $99K, is next due for 11/01/13. Property is located in Grand Blanc, MI, and most recent BPO, dated 01/09/14, valued the property at $280K. Borrower last paid $636 on 11/13/13. Last contact on 01/27/14, borrower called to set up a payment for 01/28/14, 02/13/14, and 02/28/14. An inspection dated 12/23/13 confirmed occupancy, (additional review data available on Category Status Review).
2. Loan #4015814 UPB $80K, was next due for 11/01/13. Property is located in Riviera Beach, FL, and most recent BPO, dated 07/17/13, valued the property at $112,900. Borrower last paid $1,528.20 on 01/13/14 bringing the loan due for 12/01/13. Demand letter sent on 01/21/14, expires 02/21/14. Last contact on 01/04/14, borrower called to make a payment. An inspection dated 01/04/14 confirmed occupancy, (additional review data available on Category Status Review).
3. Loan #4030367 UPB $83K, was next due for 09/01/13. Property is located in Stone Mountain, GA, and most recent BPO, dated 02/08/12, valued the property at $23K. Loan has been marked as no equity by servicer. Borrower last paid $359.60 on 01/24/14 bringing the loan due for 10/01/13. Last contact on 01/07/14, borrower called to set up a payment, and said could make two payments this month, (additional review data available on Category Status Review).
4. Loan #4022018, UPB $90K, was next due for 11/1/13. Property is located in Lawrenceville, GA, and most recent BPO, dated 9/29/13 valued the property at $165K. Borrower last paid $1,000 on 01/27/14 bringing the loan due for 12/01/13. There is $214.72 in suspense. Demand letter sent on 01/28/14, expires 02/28/14. Last contact on 01/13/14, borrower called to set up a payment, RFD was personal business, (additional review data available on Category Status Review).
5. Loan #4015558, UPB $110K, was next due for 10/1/13. Property is located in Chicago, IL, and most recent BPO, dated 01/15/14 valued the property at $109K. FB. FB to RI set up on 12/10/13. Borrower last paid $1,057.26 as the second of thirteen payments on 01/21/14. Plan is now due for 02/20/14. Loan is contractually due for 11/01/13. Last contact on 01/21/14, servicer confirmed agreement had been received, (additional review data available on Category Status Review).
6. Loan #4034658, UPB $332K, was next due for 9/1/13. Property is located in Desoto, TX, and most recent BPO, dated 11/12/13 valued the property at $214K. FB. Borrower last paid $1,814.72 on 01/23/14, funds placed in suspense. Prior payment of $2,660 made on 01/22/14 was NSF. The loan is contractually due for 10/01/13. Last contact on 01/23/14, borrower called to make a payment, (additional review data available on Category Status Review).
7. Loan #4037354, UPB $196K, is next due for 2/1/13. Property is located in Pomfret Center, CT, and most recent BPO, dated 11/19/13
requested on 01/24/14. Last contact on 01/24/14, borrower wanted to try for a modification, would fax in mod packet and financials, waiting on POI, (additional review data available on Category Status Review). 8. Loan #4035390, UPB $153K, is next due for 5/1/13. Property is
located in Omaha, NE, and most recent BPO, dated 5/10/13 valued the property at $125K. FC/FB. No new payments, plan is still due for 01/01/14. Last contact on 01/15/14, borrower called to change ezpay from 01/16/14 to 01/31/14, (additional review data available on Category Status Review).
9. Loan #4023990, UPB $172K, was next due for 9/1/13. Property is located in Memphis, TN, and the most recent BPO, dated 01/28/14, valued the property at $140K. Borrower last paid $1,400 on 01/23/14 bringing the loan due for 10/01/13. There is $131.47 in suspense. Demand letter sent on 01/24/14, expires 02/24/14. No new contact after several attempts, (additional review data available on Category Status Review).
10.Loan #3676582, UPB $100K, was next due for 5/2/13. Property is located in Memphis, TN. The most recent BPO, dated 10/1/13, valued the property at $199K. BK. Borrower is post-petition due for 02/01/14. Borrower last paid $1,736.59 on 01/23/14. Loan is contractually due for 06/02/13. There is $634 in suspense and $37,524.13 in restricted escrow from an HI claim that was paid on 10/27/10 for fire damage, (additional review data available on Category Status Review).
11.Loan #4035119, UPB $142K, was next due for 9/1/13. Property is located in Cincinnati, OH, and most recent BPO, dated 6/21/13 valued the property at $135K. FB. The borrower last paid $1,155.83 on 01/13/14 as the fourth of thirteen payments. The plan is due for 01/23/14. The loan is contractually due for 11/01/13. Last contact on 01/25/14, borrower called to set up a payment for 02/8/14. Borrower stated she had to wait for her disability check, (additional review data available on Category Status Review).
12.Loan #3967205, UPB $114K, was next due for 1/1/13. Property is located in Miami Beach, FL, and most recent BPO, dated 11/5/13 valued the property at $330K. Borrower reinstated loan on 01/08/14 with funds in the amount of $14,293.89 covering 12 payments. Loan is now due for 01/01/14. Last contact on 01/014/14, borrower called to make a payment for 01/20/14; no funds received as of 01/28/14, (additional review data available on Category Status Review).
13.Loan #4029062, UPB $96K, is next due for 2/1/13. Property is located in Garland, TX, and most recent BPO, dated 11/7/13 valued the property at $108K. FB. No new payments, plan is still due for 02/01/14. No new contact, (additional review data available on Category Status Review).
14.Loan #1761089, UPB $171K, is REO. Property is located in
Levittown, PA, and most recent BPO, dated 11/19/10 valued the property at $115K. VA is handling the post FC activities for this property. SPS continues to wait for the part B portion of the claim, for advances, to be paid. The part B claim will be paid once VA completes the post FC activities. There is no estimated timeline for a resolution. The FC sale took place on 10/14/11 and the FC deed was received on 2/17/12. SPS posted $96,950.43 to suspense in early October 2012 as part of the VA claim. There is $96,950.43 in suspense and $8,922.14 in restricted escrow from an HI claim due to water damage, (additional review data available on Category Status Review).
15.Loan #4036810, UPB $106K, was next due for 8/1/13. Property is located in Deer Park, TX. The most recent BPO, dated 11/7/13, valued the property at $115K. FB. Borrower last paid $2,534.67 on 01/21/14 as the second of eight plan payments. Plan is now due for 02/06/14. Loan is contractually due for 09/01/13. Last contact on 01/17/14, borrower called to set up payments for 01/20/14, 02/06/14, and 03/06/14, (additional review data available on Category Status Review).
16.Loan #4029765, UPB $150K, is next due for 2/1/10. Property is located in Lango Vista, TX, and the most recent BPO, dated 11/20/13, valued the property at $200K. FC. FC on FEMA hold as of 12/23/13 for 90 days. Appears title claim filed on 11/26/13, title claim acknowledged by title company on 12/17/13. No new contact, (additional review data available on Category Status Review).
17.Loan #4034880, UPB $269K, is next due for 5/1/13. Property is located in Sewell, NJ, and most recent BPO, dated 01/25/14 valued the property at $355.4K. FC. Complaint filing projected to 02/24/14. Possible mod. On 01/14/14, borrower stated wanted to keep property, gave updated financials, servicer gave fax number to send in docs. Last contact on 01/21/14 with authorized third party, spouse called to discuss mod, servicer advised of docs still needed, (additional review data available on Category Status Review).
18.Loan #3665163, UPB $418K, is REO. Property is located in Sahuarita, AZ, and the most recent BPO, dated 12/03/13, valued the property at
11/27/13. Per comments, previous owner has a friend who wants to purchase the property, friend wants to buy the property with prior owner still living in it and rent it back to him, (additional review data available on Category Status Review).
19.Loan #2712743, UPB $439K, is next due for 9/1/11. Property is located in Mountainside, NJ, and the most recent BPO, dated 12/24/13, valued the property at $555K. FC. FC still on FEMA hold since 12/23/13. No new contact after several attempts. An inspection dated 12/24/13 confirmed occupancy, (additional review data available on Jumbo Status Review).
