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ARCHIVE | Criteria | Structured Finance | RMBS: Revised U.S. Residential Mortgage Input File Format, Glossary, And Appendices To The Glossary For LEVELS Version 7.1
Standard & Poors, Feb 2010
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Abstract
2/1 ARM: Adjustable-rate mortgage with an initial fixed-rate period of 24 months; 3/1 ARM: Adjustable-rate mortgage with an initial fixed-rate period of 36 months; 5/1 ARM: Adjustable-rate mortgage with an initial fixed-rate period of 60 months; 7/1 ARM: Adjustable-rate mortgage with an initial fixed-rate period of 84 months; and 10/1 ARM: Adjustable-rate mortgage with an initial fixed-rate period of 120 months. Reviewing the system's quality controls; Reviewing the system's data sources; Analyzing the results of a test portfolio for such variables as variance, geographic coverage, and hit rate; and Reviewing user aspects of the system such as comparable sales and timeframe averaging. Five-year balloon: The final payment of the loan is due on the fifth anniversary after origination; Seven-year balloon:...
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