Standard & Poor's Ratings Services published its first RMBS outlook report, titled "Japan's Residential Mortgage Loan Characteristics And Trends, RMBS Outlook," on July 29, 2007, on RatingsDirect on the Global Credit Portal, and since then, it has updated the report annually (see Related Criteria And Research at the end of this report). In the first report, we provided insights on the market environment for housing loans that back residential mortgage-backed securities (RMBS) transactions in Japan. The report covered the market size, types, and characteristics of typical housing loans provided by individual lenders. In that report, we also described trends in the use of loans, as well as various data related to Japan's RMBS and housing loan markets, such as interest...
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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.