Items Tagged with 'Moody's'

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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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Trending Thursday: Staring right at the next housing crisis

Plus GSE reform is all sound, fury and nothing right now
There’s another housing crisis brewing, and it has nothing to do with housing price bubbles or the perpetual Fannie, Freddie conservatorship. Also, if the latest appraisal volume is an indicator of market strength, we're in trouble. All this and more.
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Embattled Ocwen upgraded by Moody’s

Ratings agency says recent MSR sales will help nonbank’s future
In a new report released Wednesday, Moody’s upgrades several of Ocwen’s ratings and writes that Ocwen’s MSR sales and the proceeds of those sales can go a long way to preserving the future of the beleaguered nonbank, but cautioned that the nonbank isn’t out of the woods yet.
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Moody’s: Home Loan Servicing Solutions sale bolsters Ocwen’s future

Is there a light at the end of the tunnel?
Maybe there’s finally some good news for embattled nonbank Ocwen Financial. In a new report, analysts from Moody’s Investors Service say that the $1.3 billion acquisition of Ocwen associate Home Loan Servicing Solutions by New Residential Investment will actually help to stabilize Ocwen’s own servicing operations and improve Ocwen’s future prospects.
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Calpers settles with S&P for $125 million

Moody’s still under pursuit
The California Public Employees’ Retirement System’s fight against two top credit ratings agencies is starting to come to a close, resolving a case involving inflated grades of residential-mortgage deals that later faltered.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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