To: David Neugebauer CC: Trenton Staley From: Ted Scarbrough
Date: 2/4/2014 Data Month: December 2013 Re: CSFB 2006-CF2 (SPS) – Review Highlights
General Loan Delinquency Status Highlights:
1. As of December 2013, UPB of Current loans represent 59% of the total portfolio UPB.
2. The UPB of 60 day delinquent decreased 58% from November 2013 balances.
a) Primarily represented by the movement of 5 loans totaling $652K UPB to 90+ day status. See loan-level comments below on loan #4000477598 (UPB $181K), and loan #9049164 (UPB $309K).
3. As of December 2013, UPB of Foreclosure loans represent 10% of the total portfolio UPB.
4. The UPB of REO assets increased 39% from November 2013 balances.
a) Primarily by the movement of 1 loan totaling $75K from 90+ day status. See loan-level comments below on loan #6923270 (UPB $75K).
Loan Level Comments:
1. Loan #4000477598, UPB $181K, was next due for 9/1/13. Property is located in Matteson, IL, and the most recent BPO dated 11/12/13 valued the property at $117K. Borrower last paid $2,000 on 01/15/14 bringing the loan due for 10/01/13. There is $471.81 in suspense. Demand letter sent on 01/16/14, expires 02/16/14. No new contact, (additional review data available on Category Review Report).
2. Loan #9049164, UPB $309K, is next due for 09/01/13. Property is located in Everett, MA, and the most recent BPO, dated 08/11/13, valued the property at $340K. Borrower last paid $2,300 on 11/05/13. There is $357.66 in suspense. Demand expired 12/21/13, FC not yet
possible payment plan. An inspection dated 11/09/13 confirmed occupancy, (additional review data available on Category Review Report).
3. Loan #6923270, UPB $75K, is REO. Property is located in Delray Beach, FL, and most recent BPO, dated 12/14/13, valued the property at $125K. REO. FC sale held on 11/05/13, file transferred to REO on 12/09/13. Property under contract as of 01/21/14, offer of $115,500 received on 01/17/14. Closing date unknown.
4. Loan #7146921, UPB $140K, is next due for 8/26/12. Property is located in Doswell, VA, and the most recent BPO dated 12/5/13 valued the property at $68K. FC. FC delayed due to waiting on SOT and original docs to verify chain of assignment. No new contact. An inspection dated 12/21/13 confirmed occupancy, (additional review data available on Category Review Report).
5. Loan #9276346, UPB $139K, is next due for 1/1/13. Property is located in Pittsburg, PA, and the most recent BPO, dated 01/10/14, valued the property at $122K. No new payments. File not yet referred to FC. Pending HAMP, new trial mod agreement packet sent to borrower on 01/21/14. Last contact on 01/23/14 with authorized third party. Servicer advised HAMP approved on 01/21/14 with a start date of 03/01/14, (additional review data available on Category Review Report).
6. Loan #9099979, UPB $192K, is next due for 4/1/13. Property is located in Portland, OR, and the most recent BPO dated 6/20/13 valued the property at $165K. FC. Complaint not yet filed. Possible workout. Last contact on 01/23/14, borrower stated had not returned FB agreement yet as she is still not employed, but expects to have income again in February. Borrower also asked about a mod, servicer advised would need updated financials, (additional review data available on Category Review Report).
7. Loan #8338451, UPB $172K, is next due for 2/1/13. Property is located in Lyons, IL, and the most recent BPO dated 10/30/13 valued the property at $138K. FC. Judgment still projected for 03/24/14. FC still on hold for pending short sale. Last contact on 01/21/14, servicer advised of docs still needed for SS, borrower stated attorney will send them in, (additional review data available on Category Review Report).
8. Loan #8117665, UPB $191K, is REO. Property is located in Chicago, IL, and the most recent BPO, dated 10/2/12, valued the property at $100K. The property remains in Eviction Status. No confirmation if
tenants have moved out or not, (additional review data available on Category Status Review).
9. Loan #9272071, UPB $296K, is next due for 7/1/11. Property is located in Apopka, FL and the most recent BPO, dated 11/6/13, valued the property at $225K. FC. Judgment hearing reprojected to 03/27/14. No new contact after several attempts, (additional review data available on Category Status Review).
10.Loan #9272394, UPB $219K, is next due for 4/1/11. Property is located in Jacksonville, FL, and the most recent BPO, dated 7/29/13, valued the property at $148K. BK. No new payments, borrower is still post-petition due for 09/01/13. There is still $290.83 in suspense. MFR has not yet been filed, (additional review data available on Category Status Review).
11.Loan #9163973, UPB $333K, is next due for 11/1/06. Property is located in Deer Park, NY and the most recent BPO, dated 9/19/13, valued the property at $175K. Lit. No new update on the MSJ. This loan has been in litigation since 08/2011, (additional review data available on Category Status Review).
12.Loan #8567133, UPB $281K, is next due for 9/1/11. Property is located in Winter Garden, FL and the most recent BPO, dated 12/12/12, valued the property at $238K. FC. Complaint not yet filed, still waiting on AOM. There is still $435.10 in suspense. An inspection attempted 12/19/13, but access denied, (additional review data available on Category Status Review).
13.Loan #8877292, UPB $372K, is next due for 1/1/11. Property is located in Brooklyn, NY, and the most recent BPO, dated 5/2/13, valued the property at $600K. Lit. No new updates. FC on litigation hold as of 06/13/13. An inspection dated 01/02/14 confirmed occupancy, (additional review data available on Category Review Report).
14.Loan #8562712, UPB $396K, was next due for 7/1/13. Property is located in Fillmore, CA, and the most recent BPO dated 10/31/13 valued the property at $300K. BK. Borrower is post-petition due for 10/01/13. Borrower last paid $2,900 on 01/06/14. There is $651.04 in suspense. Loan is contractually due for 09/01/13, (additional review data available on Category Review Report).
15.Loan #8877268, UPB $549K, is next due for 12/1/11. Property is located in Richmond Hill, NY and the most recent BPO, dated 10/30/13, valued the property at $450K. Lit. No new update. Loan
has been in litigation since 02/07/13. An inspection dated 12/23/13 confirmed occupancy, (additional review data available on Jumbo Status Review).
16.Loan #8894818, UPB $2.3M, is next due for 3/1/13. Property is located in Belvedere, CA and the most recent BPO, dated 9/27/13, valued the property at $3.8M. No new payments. There is still $5,598.27 in suspense. The 2nd lien foreclosed and property was purchased by an investment group, Marin Mortgage Bankers. SPS made a deal with Marin where SPS is allowing them to make payments until they can pay in full. An inspection dated 01/02/14 confirmed occupancy, (additional review data available on Jumbo Status Review).
17.Loan #8339905, UPB $412K, was next due for 12/1/11. Property is located in Quakertown, PA, and the most recent BPO dated 01/16/14 valued the property at $550K. BK. Borrower is post-petition due for 01/01/13. Borrower last paid $5,244 on 12/31/13. Loan is contractually due for 03/01/12, (additional review data available on Jumbo Review Report).
18.Loan #9177759, UPB $489K, is next due for 1/1/12. Property is located in Dumfries, VA, and the most recent BPO dated 9/4/13 valued the property at $449K. No new payments. No new contact. An inspection dated 01/04/14 confirmed occupancy, (additional review data available on Jumbo Review Report).
19.Loan #4683959, UPB $619K, is next due for 4/1/08. Property is located in Sunnyvale, CA, and the most recent BPO dated 10/11/13 valued the property at $1.286M. FC. FC sale date postponed to 01/29/14, delay due to BK notification, servicer is researching BK information. No new contact. An inspection dated 01/20/14 confirmed occupancy, (additional review data available on Jumbo Review Report).
20.Loan #9280975, UPB $919K, is next due for 8/1/12. Property is located in Malibu, CA, and the most recent BPO dated 9/5/13 valued the property at $875K. FC. FC sale date still estimated for 02/26/14, on hold for SS. As of 01/23/14, servicer is waiting for HUD and counter offer. Last contact on 01/22/14, servicer advised realtor that the counter offer was still needed, (additional review data available on Jumbo Review Report).
21.Loan #7760432, UPB $516K, is next due for 2/1/13. Property is located in Morgan Hill, CA, and the most recent BPO dated 7/5/13 valued the property at $559K. Borrower last paid $3,403.28 on
01/21/14 and placed in suspense. There is $3,433.28 in suspense. Mod completed on 01/21/14, effective 02/01/14, matures on 04/01/36. Last contact on 01/24/14, servicer advised the final mod was under review, (additional review data available on Jumbo Review Report).