Items Tagged with 'Moody's Investor Service'


  • Moody's: Increased competition for Fannie, Freddie would be a credit negative

    Rates credit impact of Calabria's suggestions for GSE reform
    Last week, FHFA Director Mark Calabria outlined his GSE reform wish list for lawmakers in his first annual Report to Congress since taking the helm at the agency. In it, he urged Congress to take steps to increase competition for Fannie Mae and Freddie Mac. But Moody’s Investors Service says that move would amount to a credit negative for both agencies, although Calabria's other ideas are not so bad.
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  • Moody's: Homebuilding outlook falls from positive to just ok

    Macro factors and order trends expected to slow growth
    Moody’s Investor Service has lowered its homebuilding outlook from positive to stable, signaling macro factors and order trends are expected to impact future growth. Moody's VP-Senior Credit Officer Joseph Snider said the firm believes that industry revenue growth will be below 10% by 2019.
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  • Moody’s: FHA premium cut a credit positive for HFAs

    Will enhance financial performance through increased loan activity
    Last week the White House directed the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%, and now Moody’s Investor Services says it will be a positive for Housing Finance Agencies. Here’s why.
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  • Moody's: SunTrust legacy mortgages cast many shadows

    Potential $300 million liability not the end of it
    SunTrust Banks' legacy mortgage problems are many. For one, SunTrust revealed certain substantive disagreements with the government that may prevent a settlement related to Federal Housing Administration-insured mortgage loans. What are some of the other issues?
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  • 'Serious Delinquencies' May Cause RMBS Downgrades

    Moody's Investor Services announced Thursday it had revised its loss projections for residential mortgage-backed securities (RMBS) backed by prime jumbo loans. The vintage of RMBS in question was issued from 2005 to 2008; Moody's said it expects the 2005 vintage securitization to lose 1.7 percent, the 2006 vintage to lose 3.55 percent and the 2007 vintage to lose .505 percent. The 2008 securitization is projected to shed 6.2 percent.
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