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Items Tagged with 'Moody's Investors Service'

ARTICLES

Moody’s: RMBS credit quality, performance to remain strong

Rental securitizations will expand to more markets
Trey Garrison
Credit quality will get even better in 2015, Moody's Investors Service says, and here's what it means for the mortgage market.
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Moody’s: HY-Lite covenant structures dominate homebuilding deals

This dominance comes despite low credit ratings for the bonds
Trey Garrison
Homebuilders are issuing bonds with weaker covenant packages, a new report from Moody's says. Here's what it means.
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Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016
Trey Garrison
Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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SFR transactions a low risk of inducing downward price spirals

Moody’s: Failure to refi won’t result in forced sell-off
Trey Garrison
A steep drop in home prices would reduce liquidation recoveries in single-family rental securitizations if the transactions must sell properties to repay bondholders, but the risk that a transaction sponsor’s failure to refinance its loan would itself trigger a widespread property price decline that would in turn harm the transaction’s recoveries is low.
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Moody’s: Outlook stable for housing finance agencies

Mortgage loan revenues enough to cover HFA expenses
Trey Garrison
For the second consecutive year, Moody’s Investors Service has assigned a stable outlook to the state housing finance agency sector.
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Moody’s acquires Lewtan Technologies

Lewtan becomes part of Moody’s analytics business
Ben Lane
Lewtan, based in Waltham, Massachusetts, provides solutions to issuers, investors, underwriters and others to administer, monitor and value securitized transactions. Its products cover more than 200,000 bonds and 20,000 securitized deals, serving over 300 financial institutions worldwide.
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Ocwen Financial taking a beating in the ratings, on the Street

Ratings downgrades and falling stock follow NYDFS assault
Trey Garrison
Ocwen Financial is enduring a second day that looks like a UFC-level beat down on Wall Street as ratings agencies and investors turn on the firm after the New York Department of Financial Services dealt the nonbank firm yet another blow on Tuesday.
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Wellington Management drops almost 7 million Ocwen shares

Troubles continue to mount for Ocwen family
Trey Garrison
A few weeks after Moody’s Investors Service downgraded Ocwen Financial Corporation, Wellington Management is pulling most of its stake out of the company.
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Moody’s downgrades Ocwen’s servicer ratings

Cites increased regulatory scrutiny and force-placed insurance concerns
Ben Lane
Moody's suggests that the scrutiny from the Securities and Exchange Commission and the New York Department of Financial Services "could restrict Ocwen's activities, levy monetary fines, or take additional actions that could negatively affect the company's financial strength and servicing stability."
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Moody’s proposes changes to RMBS rating system

Would incorporate global ratings model into U.S. methodology
Ben Lane
Moody’s said that the new quantitative model will be the starting point for its analysis of the loan pool and that the new model was developed after an “extensive” analysis of the performance of 800,000 fixed-rate and 600,000 adjustable-rate mortgages issued since 1998.
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