AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Moody's Refines Approach To Pay-Option ARM Product.(adjustable-rate mortgages)(Brief article)

Mortgage Servicing News

| September 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW YORK -- Moody's has refined its approach to analyzing securitizations of payment-option adjustable-rate mortgages.

The methodology revisions, stemming from the weaker housing and mortgage markets, also refine the rating agency's credit risk analysis of different option ARM products, Moody's said.

"The updated option ARM methodology is expected to increase our loss estimates by up to 20% and Aaa loss estimates by 10% to 40%," Moody's said.

The agency said the updated methodology refines its analysis of a loan's negative amortization potential by varying loss estimates based on the difference between a loan's fully indexed ...

Related articles from newspapers, magazines, journals, and more
Moody's to Revise Option ARM Marks.
News wire article from: Mortgage Line January 19, 2007 700+ words
NEW YORK -- Moody's Investors Services is planning to update...from the rating agency told attendees at a Moody's investor briefing here on Dec. 5...more recent originations of the loans, Moody's analyst Amita Shrivastava told this...
Roundup: Countrywide Option-ARM Classes Are Downgraded.
Magazine article from: National Mortgage News July 14, 2008 700+ words
NEW YORK -- Moody's Investors Service has...credit enhancement levels, Moody's said. The collateral...A mortgage loans. BEAR OPTION-ARM TRANCHES NEW YORK-The ratings...Stearns have been downgraded by Moody's Investors Service. Forty...
Fitch: $134B of U.S. Option ARM RMBS To Recast by 2011.
Newspaper article from: Biotech Week September 23, 2009 700+ words
Performance on U.S. option ARM RMBS is likely to continue its decline...Of the $189 billion securitized Option ARM loans outstanding, 88% have yet...Fitch rated only approximately 5% of Option ARM transactions. Of these loans that...
SouthStar Funding's Enhanced Choice Option ARM Simplifies Payment Structure and...
Press release article from: Business Wire December 8, 2005 700+ words
...introduced a new option for its Choice Option ARM product that is designed to simplify payment options and reduce risk associated with option ARM products. The new 5 Year Fixed Choice Option ARM features a fixed minimum monthly payment...
LoanCity Introduces 5-Year Fixed Payment Option ARM With 5-Year Fixed...
Press release article from: PR Newswire June 6, 2006 700+ words
Take 5ive Option ARM Delivers Maximum Flexibility And Rate Certainty SAN JOSE...wholesale lenders, today unveiled an innovative pay option ARM product -- called Take 5ive Option ARM -- that combines the most attractive features of a pay...
SouthStar Funding Launches Choice Option ARM to Provide Flexible Payment...
Press release article from: Business Wire April 7, 2005 700+ words
...launched its newest product called Choice Option ARM, in response to customer demand. The Choice Option ARM is designed to provide flexible payment...and closing within days on the Choice Option ARM. The product was officially made available...
Moody's Alters View on Alt-A and Option ARMs.
Newspaper article from: Asset Securitization Report Stein, Gabrielle August 6, 2007 700+ words
...transactions, including option ARM loans. Separately, Moody's also updated its methodology for rating option ARM loan securitizations...rating methodology for option ARM loans, which became...on Aug. 1 as well. Moody's said it is increasing...
Option ARM not best inall markets.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Newspaper article from: The Washington Times June 30, 2006 700+ words
...period of time? A: Let's recap. An Option ARM is a loan that allows a very low minimum...touched on an interesting aspect. An Option ARM may allow a payment rate of 1.25 percent...circumstances where I would recommend an Option ARM. Short-term rates would need to fall...
For more facts and information, see all results

Source: HighBeam Research, Moody's Refines Approach To Pay-Option ARM Product.(adjustable-rate...

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA