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Moody’s Retools Assessments of “Seasoned” RMBS 

Sep 23, 2009By

Moody’s Investment Services revised its approach to originator assessments for US residential mortgage backed securities (RMBS) backed by “seasoned” loans. The announcement cited the inability to obtain payment histories and other updated loan data from collapsed orginators. Instead of obtaining this data or reviewing outdated practices of orginators that still stand, Moody’s altered its targeted criteria in order to better gauge the loan quality, according to the announcement.

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