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ARCHIVE | Criteria | Structured Finance | RMBS: Revised Assumptions For Rating U.S. RMBS Prime, Alternative-A, And Subprime Loans Incorporated Into LEVELS Version 7.3 Jun 11 Product Image

ARCHIVE | Criteria | Structured Finance | RMBS: Revised Assumptions For Rating U.S. RMBS Prime, Alternative-A, And Subprime Loans Incorporated Into LEVELS Version 7.3 Jun 11

  • ID: 1951701
  • June 2011
  • Region: United States
  • Standard & Poors

Abstract
These criteria apply to all U.S. RMBS prime, Alternative-A, and subprime securitizations. These criteria amend and supersede "Revised Assumptions For Rating U.S. RMBS Prime, Alternative-A, And Subprime Loans Incorporated Into LEVELS Version 7.2," published April 30, 2010; "Revised U.S. Residential Mortgage Input File Format, Glossary, And Appendices To The Glossary For LEVELS Version 7.2," published April 30, 2010; and "Standard & Poor?s Revises Definitions And Assumptions For Documentation Types In U.S. RMBS," published Feb. 6, 2009. In addition, this criteria article partially supersedes "Methodology And Assumptions For Rating U.S. RMBS Prime, Alternative-A, And Subprime Loans," published Sept. 10, 2009. Standard & Poor's has incorporated its revised RMBS assumptions into LEVELS 7.3 with regard to four distinct areas: the House Price...

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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.

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