Moody's Investors Service launched a newsletter offering investors information and analysis about key credit issues affecting the RMBS market.
Each issue of Moody's ResiLandscape will have commentary regarding the underlying housing market, track the latest news on the government support and modification programs and their credit impact, summarize ratings activity, keep an eye on regulation affecting securitizations and offer analysts' views on the performance of the underlying RMBS collateral.
This cross-sector publication features articles written by Moody's analysts that rate RMBS, mortgage servicers, banks and the GSEs as well as housing and macroeconomic commentary from Moody's Economy.com.
"We sit at a critical juncture in the mortgage backed securities market. Investors want to receive regular and timely news they can use regarding the many factors that can influence what happens next," Moody"s Senior Managing Director Claire Robinson said. "Our newsletter will give all market participants access to Moody"s insight on the credit implications of a wide range of events, announcements, and transactions."
Currently available on Moodys.com, the first issue introduces the Moody's RMBS Loss Tracker. The Tracker offers a quick snapshot of realized losses against expected future losses for all RMBS classes. Among other topics, articles in the issue explore the rating agency's current expectations for the government's Home Affordable Modifications Program, future housing prices, and loan delinquencies and loss severities.