Moody's: Quality of new RMBS marginally weaker, performance of outstanding bonds to stabilize in 2013
New York, December 13, 2012 -- Next year's vintage of US residential mortgage-backed securities (RMBS) will have riskier collateral than recent securitizations, as well as weaker representation and warranties from smaller, financially less-established originators, than those issued in 2012. Meanwhile, a stronger housing market will help to stabilize the performance of outstanding RMBS, according to a new report from Moody's Investors Service, "US Private-Label RMBS and Servicer Quality: 2013 Outlook - Sluggish Recovery in a Changing Environment."
