Moody’s: Deterioration Continues for Prime-Quality Mortgage Pools

Moody’s Corporation (NYSE: MCO) today announced results for the third quarter of 2007. Summary of Results for Third Quarter 2007 Moody’s reported revenue of $525.0 million for the three months ended September 30, 2007, an increase of 6% from $495.5 million for the same quarter of 2006. Operating income for the quarter was $250.5 million and declined 7% from $268.8 million for the same period.

According to a report from Moody’s Investors Service, the fallout from aggressive home loan underwriting and a prolonged housing downturn continues to contribute to poor collateral performance and early defaults among loans backing recent-vintage residential mortgage-backed securities (RMBS) and will lead to downward ratings pressure on a number of U.S. subprime and Alt-A tranches.

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Moody’s: Deterioration Continues for Prime-Quality Mortgage Pools Credit quality will erode as underwriting continues to weaken. As the U.S. economy continues to grow and the credit cycle enters its late stages, the credit quality of new loans in some sectors will continue to weaken and their structured finance documentation will continue to.

New York, April 16, 2013 — Moody’s Investors Service has downgraded the ratings of twelve tranches and upgraded the ratings of three tranches from seven transactions, backed by Subprime mortgage..

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.

Moody’s Investors Service said late Wednesday that the serious delinquency rate (60 days or more past due) on securitized prime jumbo mortgage pools fell slightly during March 2007, the first.

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Moody’s: Deterioration Continues for Prime-Quality Mortgage Pools Market for home construction workers improves, still rough WaPo: Prepare for significant economic consequences if the mortgage market can’t better serve minorities americans outlook on housing defies overall economic pessimism The market action is not just a "hope" trade, economic data continues its recent positive trend.

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11. Institutions and Incentives in Mortgages and Mortgage-Backed Securities The certificates are backed by two pools of prime quality, first-lien mortgage loans. Losses could rise above Moody’s original expectations as a result of a higher number of obligor defaults or.