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S&P Credit Research2018 word report
published Jul 07, 2008
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services has updated the discounts applied to credit given to major mortgage insurance providers in loss-coverage calculations on single family whole loan bond programs. The new discounts reflect changes in MI ratings and current capital adequacy ratios. For more information, please see the article "New Discounts Reflect Changes To Mortgage Insurer Ratings In the Municipal Housing Sector" published Sept. 26, 2008, on RatingsDirect. The deterioration in the housing market and the performance of all types of mortgages has led to many negative rating actions for the major mortgage insurance (MI) providers. While loan quality among housing finance agency (HFA) indentures has not declined significantly over the last two years, HFAs, in our view, have some exposure
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit FAQ: The Effect of Mortgage Insurer Ratings On The Municipal Housing Sector Publication date: 07-Jul-2008 Primary Credit Analyst: Lawrence Witte, San Francisco (1) 415-371-5037; larry_witte@standardandpoors.com...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
