Items Tagged with 'Morningstar'


  • Morningstar Credit Ratings names Brian Grow president

    Previously served as the managing director of residential mortgage-backed securities and asset-backed securities
    Morningstar Inc., the parent company of Morningstar Credit Ratings, announced this week that Brian Grow has been named president of the credit rating agency. He will now oversee the day-to-day operations of Morningstar’s credit ratings business.
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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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  • Morningstar: Here's the impact of rising interest rates on mortgage-backed securities

    Prepayments will slow, default risk could rise
    The latest data from Freddie Mac, released Thursday, showed that mortgage interest rates are on the rise again. What will the impact of rising interest rates be on mortgage-backed securities, especially private-label mortgages? A new report from Morningstar has the answers. And here they are.
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  • Clayton Holdings becomes first Morningstar-rated 'deal agent' for mortgage bonds

    Increased oversight of private-label deals could spur market
    Earlier this year, several of the "biggest bond funds on Wall Street" released a proposal to include an additional layer of oversight and protection on private-label mortgage bonds as part of an effort to jumpstart the languishing private mortgage market. Now, Morningstar Credit Ratings is helping to move the concept forward by issuing it first "deal agent" ranking.
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  • eMortgage Logic becomes Morningstar-rated asset valuation vendor

    Receives ‘MOR RV1’ vendor ranking
    eMortgage Logic, a provider of residential real property valuations, data and analytics, received a residential vendor ranking from Morningstar Credit Ratings. According to a release from Morningstar, the ratings agency assigned a ‘MOR RV1’ residential vendor ranking to eMortgage Logic as a residential vendor in the asset valuation market.
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  • Ocwen’s servicer ratings just took another hit

    Morningstar becomes latest to downgrade troubled nonbank
    Things just keep going from bad to worse for Ocwen Financial. After Fitch Ratings downgraded the nonbank's mortgage servicer ratings earlier this week, Morningstar is issuing a downgrade of its own, as a result of Ocwen’s “continuing regulatory scrutiny and allegations of improper servicing practices.”
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  • Morningstar: True cost of Ocwen settlement far exceeds $150 million

    Settlement could halt any long-term growth
    If Ocwen Financial thought that its regulatory troubles were over now that it settled with the New York Department of Financial Services for $150 million, the beleaguered company has another thing coming. The increased regulatory scrutiny and loss of its chairman could cripple Ocwen's growth, according to Morningstar.
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