Which Trusts Did Your Pension Fund Choose?

April 2, 2014

RMBS PERFORMANCE REPORTS FROM MARCH 25, 2014 

At their inception, Residential Mortgage Backed Securities (RMBS) promised investors a safe investment in real property. Private pension funds and government pension funds were some of the largest buyers of these securities. Following the collapse of the housing market and the subsequent scandals and exposures of criminal practices in the securitization industry, the value of the trusts decreased dramatically. The following information was pulled from the investor reports issued by the trustees of these RMBS trusts. It is just a sample of thousands of RMBS trusts with similar performance problems.

AMERICAN HOME MORTGAGE ASSETS TRUSTS

2005-1

Original Face Amount: $   797,994,862

Most Recent Balance:  $     78,520,348

 

2005-2

Original Face Amount: $   563,464,121

Most Recent Balance:  $     46,716,358

 

2006-1

Original Face Amount: $ 1,126,157,063

Most Recent Balance:  $    264,231,350

 

2006-2

Original Face Amount: $ 1,206,537,988

Most Recent Balance:  $    292,007,123

 

2006-5

Original Face Amount: $ 1,528,015,387

Most Recent Balance:  $    605,371,726

 

2007-1

Original Face Amount: $ 1,505,808,822

Most Recent Balance:  $    571,224,914

 

2007-2

Original Face Amount: $ 1,742,877,753

Most Recent Balance:  $    550,993,962

 

2007-3

Original Face Amount: $ 1,225,384,098

Most Recent Balance:  $    342,482,522

 

2007-4

Original Face Amount: $   362,979,774

Most Recent Balance:  $   126,687,493

 

 

2007-5

Original Face Amount: $  776,597,903

Most Recent Balance:  $  289,925,332

 

2005-SD1

Original Face Amount: $ 141,058,941

Most Recent Balance:  $   19,521,440

 

AMERICAN HOME MORTGAGE INVESTMENT TRUSTS

2004-1

Original Face Amount: $   612,421,500

Most Recent Balance:  $     35,890,047

 

2004-2

Original Face Amount: $ 1,394,859,289

Most Recent Balance:  $    123,246,776

 

2005-1

Original Face Amount: $ 3,841,545,000

Most Recent Balance:  $    588,182,328

 

2005-2

Original Face Amount: $ 5,778,151,000

Most Recent Balance:  $ 1,077,697,534

 

2005-3

Original Face Amount: $   736,973,839

Most Recent Balance:  $   163,536,229

 

2005-4

Original Face Amount: $ 2,648,516,000

Most Recent Balance:  $    651,925,594

 

2006-1

Original Face Amount: $ 1,973,444,339

Most Recent Balance:  $    471,218,152

 

2006-2

Original Face Amount: $   965,174,822

Most Recent Balance:  $   282,601,734

 

2006-3

Original Face Amount: $ 1,739,486,065

Most Recent Balance:  $    514,129,672

 

2007-1

Original Face Amount: $ 3,727,138,479

Most Recent Balance:  $ 1,302,926,473

 

2007-2

Original Face Amount: $ 1,102,255,344

Most Recent Balance:  $    411,988,660

 

SOUNDVIEW HOME LOAN TRUSTS

2005-OPT1

Original Face Amount: $ 1,500,000,000

Most Recent Balance:  $    168,062,593

 

2006-OPT1

Original Face Amount: $ 1,046,775,421

Most Recent Balance:  $    220,898,909

 

2006-OPT2

Original Face Amount: $ 1,600,000,003

Most Recent Balance:  $    306,608,732

 

2006-OPT3

Original Face Amount: $ 2,000,000,025

Most Recent Balance:  $    423,539,630

 

2007-WMC1

Original Face Amount: $ 1,177,710,688

Most Recent Balance:  $    531,087,687

 

2004-WMC1

Original Face Amount: $   584,433,813

Most Recent Balance:  $     36,793,504

 

2004-1

Original Face Amount: $   487,218,958

Most Recent Balance:  $     21,340,747

 

2005-1

Original Face Amount: $ 778,000,462

Most Recent Balance:  $   55,418,848

2005-2

Original Face Amount: $ 518,128,518

Most Recent Balance:  $   48,686,879

 

2005-4

Original Face Amount: $ 883,000,000

Most Recent Balance:  $ 157,578,838

 

2006-1

Original Face Amount: $ 770,875,753

Most Recent Balance:  $ 124,776,682