Articles Tagged with ''Bluestone Group''

Aussie RMBS Looking Good to Moody's

Ratings downgrades among Australian prime and non-conforming residential mortgage-backed securities (RMBS) remain unlikely as collateral performs within expectations, according to Moody's Investors Service. "Moreover, despite a long term trend of increased delinquencies, their ratings are anticipated to remain stable in the absence of mortgage insurer downgrades, while some upgrades should occur as subordination levels increase due to the typically sequential pay structures employed in Australia," said Moody's vice president and senior analyst Arthur Karabatsos.
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UK Banking Act is OK for Secondary Mortgage Finance

Moody's Investors Service is putting to rest some fears about the recent passage of the UK Banking Act 2009 and the rating impact on the structured finance portfolios of those institutions licensed to conduct securitization business in the country. The agency, for its part, does not see a negative affect on these transactions.
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Fitch: Things Looking Up at Ocwen

Fitch Ratings said late Friday that the financial picture at Ocwen Financial Corp. [stock OCN][/stock] had brightened considerably in recently weeks, as the large independent servicing platform has faced questions over its liquidity in recent months that had put the subprime servicer and technology provider onto negative rating watch.
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S&P Defers Review of Fast-Growing Servicer

Standard & Poor's Ratings Services said earlier this week that it had deferred its annual review of its residential servicer rankings on American Home Mortgage Servicing Inc. (AHMSI), to allow the company time to complete its most recent acquisition.
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Green Tree Sees Servicer Ratings Upgraded

Green Tree Servicing, LLC saw its core residential mortgage servicer rating boosted late Thursday by analysts at Fitch Ratings, citing key improvements in the growing servicer's platform. Fitch said it had upgraded servicing ratings for HLTV and subprime product from 'RPS3+' to 'RPS2-,' and upgraded the more general special servicer rating at the firm from 'RSS3+' to 'RSS2-.' The rating agency also assigned a second lien servicer rating of 'RPS2-,' as well, as Green Tree has significantly expanded its servicing portfolio this year.
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Dallas-based Special Servicer Wingspan Gets Private Equity Investment

JAM Equity Partners, LLC and its affiliates said Wednesday that the private equity fund manager has agreed to a $2.5 million investment in Wingspan Portfolio Advisors, a Dallas-based mortgage servicer specializing in highly delinquent loans. Proceeds from the financing will be used to build out the company’s servicing and technology platform, both companies said in a joint press statement; JAM’s investment includes an option to invest additional capital.
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Fitch Upgrades Taylor, Bean & Whitaker's Servicer Ratings

Fitch Ratings said Friday that it had upgraded privately-held Taylor Bean & Whitaker Mortgage Corp.'s U.S. residential servicer ratings; the company's primary ratings to both prime and Alt-A loan products were raised to 'RPS3+' from 'RPS3.' Fitch rates servicers on a sliding scale between 1 and 5, with 1 being the highest rating.
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