(Reuters) - However, Moody's said, the economic impact of modifications
can vary among the different ownership interests within a
securitization, including that of the servicer.
The credit impact on any given class of bonds in a
securitization depends on a great number of factors, including
not only the level of losses incurred by the pool, but by the
timing of the losses, the bond's position in the deal's capital
structure and the impact of loan modifications on the
performance triggers in a securitization, said Michael Drucker,
analyst and author of the report.
Read more at Reuters.com Bonds News
can vary among the different ownership interests within a
securitization, including that of the servicer.
The credit impact on any given class of bonds in a
securitization depends on a great number of factors, including
not only the level of losses incurred by the pool, but by the
timing of the losses, the bond's position in the deal's capital
structure and the impact of loan modifications on the
performance triggers in a securitization, said Michael Drucker,
analyst and author of the report.
Read more at Reuters.com Bonds News
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