- 90+, Foreclosure, and REO grew for the 26th straight month - up 9% mom, 420% yoy.
- PCV/ST still current...
- RP is looking for 8-9% delinquencies in 2010, with a 11-12% potential.
- $461.8mm new workouts and liquidations in February 2010 - 61 loans, average severity 47%. 17 of these ($222.2mm) had severities near or below 1%
- Worst severities in Healthcare (44%) and Industrial (50%) - Multifamily had the highest defaults though.