AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Collection: Moody's Sees Delinquencies Rising on Home Equity Loan Deals.(Statistical Data Included)
The credit quality of home equity loans in securities transactions deteriorated moderately during the third quarter of last year, according to Moody's Investors Service, adding to concern about credit quality problems across the mortgage spectrum.
Moody's also said that the 2000 "vintage" of subprime loans may be weaker than earlier vintages, based on early loan performance data.
Moody's Home Equity Index indicated that the level of charge-offs and serious delinquencies (60 days or more past due) increased for subprime, high loan-to-value and traditional home equity loans that have been packaged into mortgage-backed securities.
Subprime credit quality delinquencies as a percentage of the original pool balance increased to 5.14% at the end of the third quarter, up from 4.81% as of June 30, Moody's said.
Moody's reported modest increases in delinquencies on high LTV and traditional home equity loan sectors as well.
"The increased delinquency rate is a concern because it could presage an increase in the future rate of losses for these sectors," said Henry Engelken, a vice president and author of the study.
"In fact, charge-offs have already started to rise in the high loan-to-value and traditional home equity pools."
- Moody's: despite HEtTrouble spots, serious delinquency rate remains low.(home...
- Magazine article from: Mortgage Servicing News October 1, 2003 700+ words
...The charge-off rate in Moody's Home Equity Index Composite hovered at 1...loans, according to the Moody's home equity index composite. But the analysts...refinance easily. The Moody's Home Equity Index Composite consists of securities...
- Moody's: HE Delinquency Trend Could Portend Beginning of Reversal.
- News wire article from: Mortgage Line Comtois, James February 21, 2006 700+ words
The latest Home Equity Index Composite, maintained by Moody's Investors Service, New York...year decline, according to Moody's and its most recent HEIC...month a year prior. According to Moody's, this trend could be early...
- Moody's: Jumbo and Home-Equity Performance Weakens.(Brief article)
- Magazine article from: Mortgage Servicing News September 1, 2007 700+ words
...268% in May 2006. However, Moody's notes the performance of...sector performance as tracked by Moody's U.S. Home Equity Index Composite for the June reporting...loans backing securities rated by Moody's.) (c) 2007 Mortgage Servicing...
- Moody's: HEL performance stable.(home equity loan )(Brief Article)
- Newspaper article from: Asset Securitization Report Pyburn, Allison August 15, 2005 700+ words
...chargeoff rates, according to Moody's Investors Service's Home Equity Index Composite. Rates of 60-plus...sector remained below 0.9%. Moody's attributes the historically...time last year, according to Moody's. (c) 2005 Asset Securitization...
- Moody's HEIC Reflects Decline.
- Magazine article from: National Mortgage News August 13, 2007 700+ words
...YORK -- Performance in the home-equity sector deteriorated at the end of June, based on Moodys Investors Services home-equity index composite. The credit rating agency reports that the reading for loans delinquent for over 60 days, based on current balance...
- Equity index issuer pins slump on NASD; American Equity's 2Q sales plummeted by...
- Magazine article from: Investment News August 14, 2006 700+ words
...nation's third-largest seller of equity index annuities is pointing a finger at NASD...bounds'' by attempting to regulate equity index annuities. Last August, Washington...responsibility to supervise the sale of equity index annuities by their advisers, even though...
- Insurance Companies Offer Equity Index Annuities.(Brief Article)
- Magazine article from: San Diego Business Journal Stern, Carl November 29, 1999 700+ words
...insurance companies have been offering equity index annuities. * Limiting Stock Market...of your money. Table two is called equity index blackjack. The only difference is that...are more than 60 companies providing equity index annuity products in the market place...
- How to sell equity index annuities.(Practice Management)
- Magazine article from: Investment News March 20, 2006 700+ words
...Byline: Mitchell M. Maynard Selling equity index annuities successfully isn't a matter...clearly illustrates the benefits of equity index annuities, you won't have to worry...demonstrated in the presentation of an equity index annuity. Financial advisers that compare...