Moody’s to Launch New Mortgage Metrics Model for Subprime Loans
August 15, 2008
Moody’s Investors Service late this week is scheduled to release an updated model for assessing subprime MBS issuance. The new model incorporates more vigorous simulation capabilities, greater transparency into the impact of various economic scenarios, like house-price appreciation and U.S. unemployment on expected loss, explicit treatment of mortgage underwriting...