Items Tagged with 'Moody's Investors Service'

ARTICLES

  • SEC hits Moody’s with $15 million fine over mortgage bond ratings

    Credit ratings agency will also pay $1.25 million for “ratings symbol deficiencies”
    In the wake of the financial crisis, the country’s largest credit ratings agencies all touted new ratings methodologies that were, in theory, designed to guard against the sorts of malfeasance that surrounded mortgage bond ratings in the run-up to the crisis. But it looks like the new mortgage bond rating system at one of the nation’s largest credit ratings agencies was far from perfect.
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  • Moody’s downgrades JPMorgan prime jumbo residential mortgage loans

    But Chase says new rating based on incomplete information
    Moody’s announced it is downgrading its assessment for JPMorgan Chase’s jumbo residential mortgage originator from strong to above average. This change was driven by a significant increase in loans acquired from Chase’s correspondents with delegated underwriting authority. But Chase disputed the downgrade, saying it was based on insufficient information.
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  • Housing authorities see greatest benefit from spending bill

    Enhances programs that affect housing finance
    New reports from S&P Global Ratings and Moody’s Investors Service show the housing sector could become the greatest beneficiaries of the recently passed spending plan. The ratings agencies explained the omnibus spending plan is good news for the housing sector and supports their stable outlook for 2018.
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  • loanDepot makes big move into mortgage securitization

    Lender issuing first mortgage-backed security
    loanDepot is no stranger to mortgage securitization, with its loans taking their place alongside other originators’ loans as pieces of many non-agency securitizations over the last few years. But now, loanDepot is making a big move into the secondary mortgage market and launching its first mortgage-backed security, which is backed only by loanDepot loans.
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  • Moody’s: Appraisal alternatives pose new credit risks

    Could weaken credit quality of new RMBS
    The use of technological alternatives to traditional residential property appraisals is likely to expand in the coming months and years, yet it could bring risk to the mortgage industry, or so says a new report from Moody’s Investors Service. Here’s why.
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  • Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

    Both cite combined company’s size as significant benefit
    On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody's Investors Service are bullish on the deal. Here's why.
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  • Moody’s: Invitation Homes, Starwood Waypoint merger good for investors, but risks remain

    SFR securitization investors stand to gain from improved “economies of scale”
    Investors who bought into the single-family rental securitizations from Invitation Homes and Starwood Waypoint Homes stand to gain from the recently announced merger of the two SFR giants, but the deal is not without some inherent risk, Moody’s Investors Service said in a new report.
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  • Credit rating agencies ding Ocwen over CFPB, state regulator charges

    S&P, Fitch, Moody’s, Morningstar take action on nonbank’s ratings
    In the wake of the Consumer Financial Protection Bureau and a growing group of state regulators accusing Ocwen Financial of widespread mortgage servicing issues, S&P Global Ratings, Moody’s Investors Service, Fitch Ratings, and Morningstar each released updated views of Ocwen, with each agency’s analysts stating that Ocwen’s recent regulatory troubles could have dire long-term consequences for the company.
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  • Moody's: Privatizing Fannie Mae, Freddie Mac would cost "hundreds of billions"

    Report predicts disruption to secondary market
    Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, recently said that “getting Fannie and Freddie out of government ownership” is one of the Trump administration’s top 10 priorities. But just how realistic is that plan? According to a new report from Moody’s Investors Service, privatizing the GSEs is not only unlikely to happen any time soon, it’s also hugely cost-prohibitive, and it would be a negative for bond investors as well. Other than that, Mrs. Lincoln, how was the show?
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