Rising delinquencies lead to record-high chargeoff rate. – IN AN OCTOBER SPECIAL REPORT, HOME equity index update, Second Quarter 2001 Data: Home equity delinquencies continue to Rise, Chargeoffs Spike Upward, Moody’s Investors Service, New York, reports that the average chargeoff rate in mortgage pools included in Moody’s Home Equity Index Composite (HEIC) spiked in June 2001 to a record-high level of 2.1 percent.
Banking on Economics: Moody'S Bugs Cleared on A Technicality – Moody’s has avoided prosecution by SEC and others on a technicality, announced some three years after the SEC investigation began! Sam Jones, wrote in FT’s Alphaville over two years ago about bugs in Moody’s model for rating securitization issues that mistakenly gave top ratings for bonds.
Ten Years After The Financial Crisis, Global Securitization. – Ten Years After The Financial Crisis, Global Securitization Lending Transformed By Regulation And Economic Growth It’s hard to believe that 10 years have passed since the worst U.S. economic slump since the Great Depression.
Biggest Risk for RMBS Investors? Strategic Defaults. – The performance of private-label residential mortgage-backed securities (rmbs) continues to face many challenges in 2012, with the biggest risk posed by strategic defaults, according to Moody’s.
Subprime, Alt-A Delinquencies Piling Up In the subprime auto loan market, things are turning ugly as delinquencies and losses have begun soaring. Read. Restaurant Industry, Leading Indicator of US Economy Sours, Bankruptcies Pile up..
Moody’s takes action on $15.7 Million of Prime Jumbo RMBS issued by Sequoia – References herein to “Moody’s” include Moody’s Corporation. or decline in the credit quality of the reference bonds and/or pools. Finally, performances of RMBS continues to remain highly dependent.
FHA plan to recapture once bankrupt borrowers gains fans Greater MSP: What About the Partners? – But the organization needs to improve how it tracks and measures its results-which, at press time, it says it was working on (as well as a three-year plan). “We truly are trying to be a partnership,Mercury Network: There’s no need to freak out about Collateral Underwriter Here’s your chance to become a Rising Star This invite-only event celebrates and thanks Center for Growing Talent contributors and volunteers, Here's your chance to get ahead of the rising expectations of the next generation of talent and join the conversation with industry members,The underwriter is the person who ultimately determines whether or not you are an acceptable credit risk. He or she will assess your ability to repay the loan, your credit, and the collateral used to secure the mortgage – in this case the collateral is the home.
The effects of pool WAC changes on excess spread in U.S. auto. – By Moody’s Investors Service Associate Vice President, Wing Ng and Associate Analyst, Wei Hu. Changes over time in the weighted average coupon, or WAC, of a securitized pool of auto loans can have a significant impact on the amount of excess spread in the transaction.
PDF Early Defaults Rise in Mortgage Securitizations – Early Defaults Rise in Mortgage Securitizations Moody’s Investors Service 3 DETERIORATION MOST SEVERE IN SUBPRIME COLLATERAL The performance deteriora-tion has been most pro-nounced in subprime pools. For subprime mortgages, the proportion of six-month fore-closure, REO and realized losses more than tripled from the first quarter of 2005
NZ housing affordability worsens, a credit negative for. – Moody’s says housing affordability for new mortgage borrowers deteriorated on average across New Zealand over the year to June 2018, because of rising house prices, a development which is credit negative for its rated mortgage-backed covered bonds. "The situation in Auckland, which is most sensitive to changes in housing prices, interest rates and loan-to-value ratios, is
BANKING ON ECONOMICS: MOODY’S BUGS CLEARED ON A TECHNICALITY – · Moody’s has avoided prosecution by SEC and others on a technicality, announced some three years after the SEC investigation began! Sam Jones, wrote in FT’s Alphaville over two years ago about bugs in Moody’s model for rating securitization issues.