How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'Moody's'

ARTICLES

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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Morningstar, Kroll offer rating on Colony's REO deal

Kroll, Moody's, Morningstar positive on REO securitization
Trey Garrison
Morningstar Credit Ratings and Kroll Bond Rating Agency have assigned preliminary ratings to five classes of Colony American Homes 2014-1 mortgage pass-through certificates.
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Moody's rating new REO-to-rental securitization

$291M Triple A tranche the largest yet
Trey Garrison
Moody's Investors Service assigned provisional ratings to four classes of certificates backed by one floating rate loan secured by mortgages on 3,399 single-family rental properties owned by the Colony American Homes 2014-1 securitization.
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