Items Tagged with 'Moody's Investors Service'

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KBRA: Rent-to-own properties problematic arena for investors

Let’s tap the brakes on the whole 'future of housing' thing
A recent report from Moody's highlighted the benefits for consumers and investors that stem from Home Partners of America’s rent-to-own program, but a new report from Kroll Bond Rating Agency throws a wet blanket onto anyone who posited that rent-to-own could be the “future of housing.”
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Is rent-to-own the future of housing?

Home Partners of America’s first securitization offers glimpse at new buying option
With rising rents making it more difficult for many to even save the 3% down payment they’d now need to buy a home, a new option is emerging as an avenue for consumers to live in the home they want and save money to buy it at the same time – rent-to-own.
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Moody’s: TRID violations found in 90% of recently reviewed mortgages

Errors running rampant, credit negative for mortgage bonds
Despite CFPB Director Richard Cordray’s recent proclamation that the implementation of the new TILA-RESPA Integrated Disclosures rule was akin to the unfounded panic that surrounded Y2K, a new report from Moody’s finds the opposite may be true. Are TRID compliance violations running rampant?
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Ocwen pays down more debt with MSR sales proceeds

Continues in stated plan to deleverage
Ocwen Financial announced Wednesday morning that it is using the proceeds of a sale of mortgage servicing rights to pay down a portion of its senior secured term loan. The pay down is the latest in Ocwen's push to deleverage itself, a development that some view as a positive for the company's future.
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Ocwen CEO gives baffled reaction to ratings rollercoaster

Upgraded by Moody’s, placed on Credit Watch by S&P
Just days receiving a bit of good news when Moody’s Investors Service upgraded its ratings, Ocwen Financial learned Standard & Poor’s placed its rankings on “CreditWatch negative.” So, what gives? Turns out the CEO of Ocwen is just as baffled by the news.
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