New-issue, private-label MBS backed by either recent vintage or seasoned loans funded since the downturn have generally had some type of mechanism to enforce and/or clarify parameters for repurchases, a Moody’s Investors Service analyst said.The trend has resulted from a slew of repurchase disputes that have risen as deals from the 2005-2007 period of loose underwriting have aged and underperformed.

The lack of such a mechanism is considered negative, according to a recent Moody’s report.

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