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Are record-low interest rates masking high-cost mortgage lending?

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Items Tagged with 'Moody's'

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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4 economists break down the latest S&P/Case-Shiller numbers

Here’s what they mean for housing and mortgage lending
Trey Garrison
The latest S&P/Case-Shiller home price indices show that home price growth continues to slow, but there’s more to the story than the headline numbers.
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Moody’s Mark Zandi: Don’t mess with the g-fees

Zandi says it won’t bring in the private capital
Trey Garrison
While many argue that higher g-fees are necessary to entice more private capital into the mortgage market, Mark Zandi, Chief Economist at Moody’s Analytics, believes this is a stretch.
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Pension funds can sue Moody’s and Standard & Poor's

Credit-rating agencies in hot seat
Brena Swanson
The state Supreme Court ruled on Wednesday that California’s public employee pension system can sue Moody’s and Standard & Poor’s for hundreds of millions of dollars due to the high ratings they gave to investments that collapsed in 2007 to 2008.
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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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Morningstar updates its assessment of American Homes 4 Rent offering

Solid review for AMH’s 2014-SFR1
Trey Garrison
Morningstar Credit Ratings has reviewed early performance data for American Homes 4 Rent 2014-SFR1 and updated its assessment.
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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 rates 2014-SFR2 securitization at $322.6M in Class A

Trey Garrison
Moody's Investors Service has assigned provisional ratings to four classes of certificates backed by one floating rate loan secured by mortgages on 3,750 single family rental properties owned by the Invitation Homes 2014-SFR2 securitization.
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Moody’s issues ratings for $1B Invitation Homes rental securitization

Rates $801.9 million in four classes
Ben Lane
Moody’s becomes the third ratings agency to issue $483.3 million in AAA ratings to the largest tranche of the deal.
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Non-qualified mortgage bond ratings getting closer

Investors increasingly interested in the asset class
Trey Garrison
Investors are increasingly interested in non-QM loans, and Moody’s Investors Service is now also seeking commentary on its proposed approach to evaluating and rating QM and non-QM loans for securization as residential mortgage-backed securities.
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