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Items Tagged with 'Moody's'

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Moody’s: Ocwen’s servicer ratings no longer on verge of downgrade

Completes review of Ocwen’s ratings
Ben Lane
Perhaps the shaky ground on which Ocwen Financial has subsisted on for the last few months is finally beginning to stabilize, because, for the second time this month, Moody’s Investors Service issued a positive report on the beleaguered nonbank.
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Embattled Ocwen upgraded by Moody’s

Ratings agency says recent MSR sales will help nonbank’s future
Ben Lane
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: SEC disclosure rule for due diligence enhances RMBS transparency

Rule 15Ga-2 improves risk assessment for investors
Trey Garrison
The U.S. Securities and Exchange Commission’s Rule 15Ga-2 takes effect on June 15, for new residential mortgage-backed securities, and it should provide transparency into the credit quality of mortgage loans underlying transactions. How will this affect you?
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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?
Ben Lane
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
Brena Swanson
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
Ben Lane
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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Moody’s: Ocwen’s California settlement won’t hurt RMBS investors

But it’s not all sunshine and roses either
Ben Lane
For investors in RMBS that contain Ocwen-serviced loans, the impact of the California settlement will be felt, but nowhere nearly as deeply as if Ocwen’s punishment was more severe. But that doesn't mean that the impact of the settlement is minimal either.
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Here's why Standard & Poor's mortgage bond fraud is so shocking

SEC: S&P lied about mortgage bond ratings
Jacob Gaffney
“They lied,” one source said of the SEC charge that S&P “published a false and misleading article purporting to show that its new credit enhancement levels [for CMBS ratings] could withstand Great Depression-era levels of economic stress." But that's still not the most shocking development.
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Monday Morning Cup of Coffee: Credit positive in HFA risk retention exemption

Housing advocates want more from FHFA and how colleges affect housing
Trey Garrison
Moody's looks at the risk retention exemption for FHAs, this week's housing metrics, and a look at how housing fares in college towns.
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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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