December 2004
Mortgage Banking;Dec2004, Vol. 65 Issue 3, p15
Reports that Credit Plus Inc. has announced the approval of its Mortgage Loan Report by Standard & Poor's Corp. for U.S. residential mortgage loans included in rated residential mortgage-backed securities transactions. Alternative-lien product; Speeding up of the origination process for mortgage lenders; Generation of savings for borrowers on home-equity, second-mortgage and refinance loans.


Related Articles

  • Second-Liens Get First Billing in More ABS Pools.  // American Banker;8/4/2006, Vol. 171 Issue 149, p26 

    The author reports that, traditionally, piggyback second mortgages ended up in commercial bank portfolios, but as volumes rose, many went into securitization pools with first mortgages. Increasingly, lenders and Wall Street firms that buy whole loans are issuing securities backed exclusively by...

  • Rating Agency will Accept We Insurance Alternatives.  // National Mortgage News;9/20/2004, Vol. 29 Issue 1, p27 

    Focuses on Standard & Poor's Rating Services' plan to accept several ien protection policies instead of the title insurance for U.S. residential mortgage loans included in rated mortgage-backed securities transactions. Title insurance alternatives that have been reviewed by Standard & Poor's;...

  • S&P Refines CMBS Servicing Criteria.  // National Mortgage News;6/21/2004, Vol. 28 Issue 39, p29 

    Reports on criteria outline by Standard & Poor's to refine its definition of "prudent servicing practices" relating to servicing of commercial mortgage-backed securities (CMBS) transactions. Factors CMBS servicers should consider when making decisions affecting the trust; Awareness to any...

  • UBS Closes on Multibillion-Dollar RMBS Sale to Fund. Sinnock, Bonnie // National Mortgage News;5/26/2008, Vol. 32 Issue 34, p5 

    The article presents mortgage news briefs from the U.S. It is informed UBS AG has closed on its sale of multibillion-dollar residential mortgage-backed securities (RMBS) to a newly created distressed asset fund. Standard & Poor's Corp. has lowered Fannie Mae's "risk-to--the-government" rating to...

  • S&P Subprime Cuts Seen as Bad Sign.  // American Banker;12/19/2006, Vol. 171 Issue 242, p10 

    The article reports that Standard & Poor's Corp. lowered its rating on 23 subprime mortgage bonds in November 2006, suggesting a weakness in securities backed by loans to United States homeowners with poor credit. The ratings cuts in the end of 2006 reflect surging delinquencies on loans made...

  • Loan Delinquency Spike Raises Red Flag. Hudgins, Matt // National Real Estate Investor;Sep2007, Vol. 49 Issue 9, p10 

    The article reports on the continued increase of the volume of loan of delinquent commercial mortgage-backed securities (CMBS) for the year 2007 in the U.S. According to Standard & Poor's, CMBS outstanding loans increased from $1.46 billion in the first quarter to $1.65 billion in the second...

  • S & P: Only 1.06% of Residential MBS Default over 25-Year Period.  // Mortgage Servicing News;Apr2003, Vol. 7 Issue 3, p2 

    Reports on findings of the Standard & Poor's (S&P) rating transition study. Percentage of residential mortgage-backed securities (MBS) that have defaulted for 25 years in the United States; Total number of S&P-rated classes of residential MBS transactions that have defaulted; Transactions that...

  • S&P: Bursting of Bubble Shouldn't Sink MBS Market.  // Mortgage Servicing News;Nov2005, Vol. 9 Issue 10, p17 

    The article discusses Standard & Poor's forecast regarding the performance of mortgage-backed securities (MBS). Analysts say that housing slowdown may affect the MBS market. Mortgage refinancing activity fueled record loan origination since MBS have been issued in 1993. According to Standard's...

  • Is Commercial Getting Caught Up in Credit Downturn? Thangavelu, Poonkulali // Mortgage Servicing News;Sep2007, Vol. 11 Issue 8, p10 

    The article discusses the delinquencies on commercial mortgage-backed securities (CMBS) that appear to be improving in the U.S. Analysts from Standard & Poor suggest that it is due to the weakness of loans originated in 2006, considered to be a period of underwriting excess. The causes for the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics