A Moody’s analysis of payment data for credit card loans pooled into securities found rates at 6.82 percent during August 2008. Moody’s predicts the rate could push toward 8.5 percent by the end of 2009 – well above the 7.1 percent noted in analysis from May 2003.

H&R Block, which owns Option One mortgage – one of the nation’s largest subprime operations – said it was having trouble selling the lender. The company had originally targeted the end of March for a sale, but faulted current conditions in the subprime market as the chief culprit behind the delay.

for any deterioration in key performance metrics, including delinquency, default, dilution, deal triggers and credit enhancement. If we see significant deterioration in one or more pools, we contact the sponsor to discuss our concerns and ascertain the actions the sponsor will be taking to address the situation.

2006 Review and 2007 Outlook: Home Equity ABS Moody’s Investors Service 5 greater length in the collateral section below. Mo ody’s loss expectations on pools securitized since 2004 through today have been increasing in response to the weakening of the housing market and collateral

Did Fannie Mae run afoul of California’s short sale laws? Merging the two codes had significant adverse consequences, as consumers with a short sale were subject to a seven-year waiting period for another mortgage, rather than a two-year waiting period that normally applies to short sales. Despite Fannie Mae’s alleged misuse of the reported information, plaintiffs John Shaw, Kenneth Coke, and.

Complete rating actions are as follows: Issuer: Banc of america funding 2006-1 trust, Mortgage Pass. of the underlying pools and reflect Moody’s updated loss expectations on the pools. The.

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Sure, macroeconomic considerations and a soft used-car market are a component of the portfolio deterioration, but the bulk of the losses can be blamed on poor credit quality loans. Specifically, about 70% of the securitized pools consist of loans with maturities greater than 60 months, up from about 45% in Chrysler’s 2005 and 2006 deals.

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