Moody’s Takes Closer Look At Trustee Function, May Raise Enhancement Levels for Some Deals
February 7, 2003
The trustees in some residential MBS and ABS transactions have not performed exactly the way they were expected to, according to Moody’s Investors Service. The rating agency this week notified the industry that it is reviewing trustee performance on certain existing MBS and ABS, and will be paying closer attention to this issue in future deals. Moody’s says