Please Note
We brought you to this page based on your search query. If this isn't what you are looking for, you can continue to Search Results for ""
The maximum number of items you can export is 3,000. Please reduce your list by using the filtering tool to the left.
Close
Close
Email Research
Recipient email addresses will not be used in mailing lists or redistributed.
Recipient's
Email

Use semicolon to separate each address, limit to 20 addresses.
Enter the
characters you see
Close
Email Research
Thank you for your interest in sharing Moody's Research. You have reached the daily limit of Research email sharings.
Close
Thank you!
You have successfully sent the research.
Please note: some research requires a paid subscription in order to access.
Already a customer?
LOG IN
Don't want to see this again?
REGISTER
OR
Accept our Terms of Use to continue to Moodys.com:

PLEASE READ AND SCROLL DOWN!

By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

Terms of One-Time Website Use

1.            Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form.               

2.            You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities.  Moody’s credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moody’s credit ratings and publications when making an investment decision.  No warranty, express or implied, as the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of any Moody’s credit rating is given or made by Moody’s in any form whatsoever.          

3.            To the extent permitted by law, Moody’s and its directors, officers, employees, representatives, licensors and suppliers disclaim liability for: (i) any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with use of the Information; and (ii) any direct or compensatory damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud or any other type of liability that by law cannot be excluded) on the part of Moody’s or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with use of the Information.

4.            You agree to read [and be bound by] the more detailed disclosures regarding Moody’s ratings and the limitations of Moody’s liability included in the Information.     

5.            You agree that any disputes relating to this agreement or your use of the Information, whether sounding in contract, tort, statute or otherwise, shall be governed by the laws of the State of New York and shall be subject to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan.​​​

I AGREE
Related Issuers
ABFC Asset-Backed Certificates, Series 2003-WMC1
ABFC Asset-Backed Certificates, Series 2005-WMC1
Asset Backed Securities Corporation Home Equity Loan Trust 2006-HE2
Citigroup Mortgage Loan Trust, Series 2005-HE1
Citigroup Mortgage Loan Trust, Series 2005-HE3
Equifirst Mortgage Loan Trust 2004-1
Finance America Mortgage Loan Trust 2004-2
First Franklin Mortgage Loan Trust 2004-FFH1
GSAMP Trust 2004-FM1
GSAMP Trust 2004-FM2
MASTR Asset Backed Securities Trust 2004-FRE1
MASTR Asset Backed Securities Trust 2004-HE1
MASTR Asset Backed Securities Trust 2004-WMC1
MASTR Asset Backed Securities Trust 2004-WMC2
MASTR Asset Backed Securities Trust 2004-WMC3
MASTR Asset Backed Securities Trust 2005-FRE1
MASTR Asset Backed Securities Trust 2006-HE3
MASTR Asset Backed Securities Trust 2006-HE4
MASTR Asset Backed Securities Trust 2006-HE5
MASTR Asset Backed Securities Trust 2006-NC2
MASTR Asset Backed Securities Trust 2006-NC3
MASTR Asset Backed Securities Trust 2006-WMC1
MASTR Asset Backed Securities Trust 2007-HE1
MASTR Asset Backed Securities Trust 2007-HE2
Meritage Mortgage Loan Trust 2004-1
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-MHQ1
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WHQ1
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WHQ2
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ1
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ2
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ3
Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ4
People's Choice Home Loan Securities Trust 2004-1
SG Mortgage Securities Trust 2007-NC1
Soundview Home Loan Trust 2004-1
Soundview Home Loan Trust 2005-CTX1
Announcement:

Moody's: No negative ratings impact of servicing transfer from HomEq to Ocwen in various HomEq-serviced US RMBS

29 Jul 2010

New York, July 29, 2010 -- Moody's Investors Service stated today that the proposed transfer of servicing from Barclays Capital Real Estate Inc. d/b/a HomEq Servicing to Ocwen Loan Servicing, LLC, scheduled to occur on or about September 1, 2010, would not, in and of itself and as of this time, result in the reduction or withdrawal of the ratings on the Moody's-rated securities related to the transactions listed below. The proposed servicing transfer is in connection with the expected acquisition of HomEq's servicing business by Ocwen.

Moody's opinion addresses only the credit impact associated with the proposed servicing transfer, and Moody's is not expressing any opinion as to whether these actions have, or could have, other non-credit related effects that may have a detrimental impact on the interests of note holders or counterparties.

The principal methodologies used in assessing the credit impact of the servicing transfer were the rating methodologies described in "Moody's Approach to Rating Residential Mortgage Servicers" (January 2001) and "Updated Moody's Servicer Quality Rating Scale and Definitions" (May 2005). All can be found on www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of this opinion can also be found in the Rating Methodologies sub-directory on Moody's website. In addition, Moody's publishes a weekly summary of structured finance credit, ratings and methodologies, available to all registered users of our website, at www.moodys.com/SFQuickCheck

Affected Transactions:

ABFC Asset-Backed Certificates, Series 2003-WMC1

ABFC Asset-Backed Certificates, Series 2005-WMC1

Asset Backed Securities Corporation Home Equity Loan Trust 2006-HE2

Citigroup Mortgage Loan Trust, Series 2005-HE1

Citigroup Mortgage Loan Trust, Series 2005-HE3

Equifirst Mortgage Loan Trust 2004-1

Finance America Mortgage Loan Trust 2004-2

First Franklin Mortgage Loan Trust 2004-FFH1

GSAMP Trust 2004-FM1

GSAMP Trust 2004-FM2

MASTR Asset Backed Securities Trust 2004-FRE1

MASTR Asset Backed Securities Trust 2004-HE1

MASTR Asset Backed Securities Trust 2004-WMC1

MASTR Asset Backed Securities Trust 2004-WMC2

MASTR Asset Backed Securities Trust 2004-WMC3

MASTR Asset Backed Securities Trust 2005-FRE1

MASTR Asset Backed Securities Trust 2006-HE3

MASTR Asset Backed Securities Trust 2006-HE4

MASTR Asset Backed Securities Trust 2006-HE5

MASTR Asset Backed Securities Trust 2006-NC2

MASTR Asset Backed Securities Trust 2006-NC3

MASTR Asset Backed Securities Trust 2006-WMC1

MASTR Asset Backed Securities Trust 2007-HE1

MASTR Asset Backed Securities Trust 2007-HE2

Meritage Mortgage Loan Trust 2004-1

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-MHQ1

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WHQ1

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-WHQ2

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ1

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ2

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ3

Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-WHQ4

People's Choice Home Loan Securities Trust 2004-1

SG Mortgage Securities Trust 2007-NC1

Soundview Home Loan Trust 2004-1

Soundview Home Loan Trust 2005-CTX1

London
Kruti Muni
VP - Senior Credit Officer
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

New York
Yehudah Forster
Vice President - Senior Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Moody's: No negative ratings impact of servicing transfer from HomEq to Ocwen in various HomEq-serviced US RMBS
No Related Data.
© 2018 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS AFFILIATES (“MIS”) ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MOODY’S PUBLICATIONS MAY INCLUDE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND MOODY’S OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. CREDIT RATINGS AND MOODY’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY’S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.

MOODY’S CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS OR MOODY’S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.

CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.

All information contained herein is obtained by MOODY’S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing the Moody’s publications.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.

To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.

Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any rating, agreed to pay to Moody’s Investors Service, Inc. for appraisal and rating services rendered by it fees ranging from $1,500 to approximately $2,500,000. MCO and MIS also maintain policies and procedures to address the independence of MIS’s ratings and rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”

Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY’S affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors. It would be reckless and inappropriate for retail investors to use MOODY’S credit ratings or publications when making an investment decision. If in doubt you should contact your financial or other professional adviser.

Additional terms for Japan only: Moody's Japan K.K. (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatment under U.S. laws. MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.

MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any rating, agreed to pay to MJKK or MSFJ (as applicable) for appraisal and rating services rendered by it fees ranging from JPY200,000 to approximately JPY350,000,000.

MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements.