Items Tagged with 'Moody's Investors Service, Inc'

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  • Embattled Ocwen upgraded by Moody’s

    Ratings agency says recent MSR sales will help nonbank’s future
    In a new report released Wednesday, Moody’s upgrades several of Ocwen’s ratings and writes that Ocwen’s MSR sales and the proceeds of those sales can go a long way to preserving the future of the beleaguered nonbank, but cautioned that the nonbank isn’t out of the woods yet.
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  • America's worth now measured in the value of housing

    Especially telling news Wednesday highlights the shifting demographics in macroeconomic study that are being drastically realigned. I'm speaking directly to the redefining of "community development" as it is known under the Community Reinvestment Act. The Department of Housing and Urban Development states that banks that help neighborhoods blighted by foreclosures will fall into their favor big time.
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  • Moody's Downgrades Ambac to Junk

    The bond insurer brouhaha hasn't yet run its course, with Moody's Investors Service late Monday cutting Ambac Financial Group's [stock ABK][/stock] Ambac Assurance bond insurance unit to junk territory over concerns about rising RMBS losses.
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  • Moody's Downgrades BofA, Wells Fargo

    Saying that it expects both banks to need further "systemic support" -- codespeak for government funding -- Moody's Investors Service on Wednesday cut key debt and bank ratings for both Bank of America Corp. [stock BAC][/stock] and Wells Fargo & Co. [stock WFC][/stock]. In particular, Moody's cut Bank of America, N.A.'s bank financial strength rating (BFSR) to D from B-, while Wells Fargo Bank N.A. saw its BFSR cut to D+ from a prior B rating.
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  • Moody's Slashes Mortgage Insurers

    Moody's Investors Service announced on Friday sweeping downgrades among top U.S. mortgage insurers as delinquencies and foreclosures remain at historic high levels and the capital of these institutions is challenged.
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  • Burden of Advances Bite SN Servicing's Ratings

    In a move that may prove to be the start of a trend, Moody's Investors Service said Monday that it had downgraded the servicer quality ratings of SN Servicing Corporation to SQ3- from SQ3+ as a primary servicer of subprime loans, and SQ3 from SQ2- as a special servicer.
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