Non-Agency MBS Ratings

Subprime MBS Ratings by Company

Chart detailing subprime MBS business as rated by Standard & Poor’s, Moody’s, Fitch and DBRS. Volume in dollars and the percentage of total volume represented, as well as total deals and the percentage of total deals represented. Total issuance and deals are listed. Data available from 2000-2008.

DBRS data are not available prior to 2004.

2007-2008 Data

2005-2007 Data

2004-2006 Data

Combined 2000-2005 Data

2002-2003 Data

2000-2001 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse