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New York -- Moody's Investors Service will expand and refine its analysis of subprime home loans slated for securitization starting July 1, and the changes will most affect stated-income loan programs and loans made to first-time homebuyers with little credit history.
Moody's said the new analysis reflects performance experience that has been recently accumulated.
The changes in the rating agency's analysis of subprime residential mortgages slated for securitization will start on July 1.
In addition to adding some new data, Moody's said it will modify the way some other factors are incorporated into its analysis. The rating agency said the changes reflect additional data that are being captured by loan originators as well as the recent performance of loans in the troubled subprime sector.
The changes include additional loan-level analysis of some data ...
Source: HighBeam Research, Moody's Refines Subprime Analysis.