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Items Tagged with 'Moody's Investors Service'

ARTICLES

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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Freddie Mac breaks new ground with riskier STACR deal

Unloads $10 billion more in credit risk
Ben Lane

The new deal, STACR 2014-HQ1, carries an average LTV of 92% with a current pool balance of $9.975 billion spread across 45,112 loans. The loans have an average balance of $221,109 and were originated in the third and fourth quarters of 2013.


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Moody’s: HFA single-family bond financing will increase

Bond financing will drive revenue growth
Trey Garrison
As housing finance agencies seek to rebuild their balance sheets amid a favorable bond market, Moody’s Investors Service expects bond financings to become a more significant part of HFAs’ mortgage funding sources, reversing the downward trend since 2011, a note to clients says.
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Moody’s: Collateral quality of private label RMBS reaches benchmark

Trey Garrison
A note to clients from Moody’s Investors Service says collateral quality for private label RMBS in the limited number of new transactions issued in recent years remains as high as it was in the first post-crisis transactions.
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Moody’s warns on Green Tree after servicing failures

Performance could hamper business with GSEs
Ben Lane
Recent test results are putting a spotlight on Green Tree, according to analysts at Moody's Investors Service. As a result, Green Tree may find it harder to grow its business through mortgage servicing rights purchases in the short term, but the credit ratings agency said the threat to RMBS is minimal.
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Invitation Homes prices nearly $1 billion rental securitization

$477.48 million tranche rated AAA by Moody’s, Kroll, Morningstar
Ben Lane
Invitation Homes priced the largest tranche of the deal, $477.48 million, at one-month LIBOR plus 100 basis points. The total securitization is for $993 million.
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