Report

Moody's Ratings: No adverse rating impact on 14 US RMBS transactions following the proposed servicing transfer from PHH to NewRez

Moody's Ratings (Moody's) announced today that the proposed servicing transfer for 14 US RMBS transactions to NewRez LLC d/b/a Shellpoint Mortgage Servicing from PHH Mortgage Corporation would not, in and of itself and as of this point in time, result in a reduction, placement on review for possible...
Underlyings
EquiFirst Loan Securitization Trust 2007-1

Morgan Stanley ABS Capital I Inc. Trust 2006-NC3

Securitized Asset Backed Receivables LLC Trust 2006-HE2

Securitized Asset Backed Receivables LLC Trust 2006-OP1

Securitized Asset Backed Receivables LLC Trust 2006-WM3

Securitized Asset Backed Receivables LLC Trust 2006-WM4

Securitized Asset Backed Receivables LLC Trust 2007-BR1

Securitized Asset Backed Receivables LLC Trust 2007-BR2

Securitized Asset Backed Receivables LLC Trust 2007-BR3

Securitized Asset Backed Receivables LLC Trust 2007-BR4

Securitized Asset Backed Receivables LLC Trust 2007-BR5

Securitized Asset Backed Receivables LLC Trust 2007-HE1

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Securitized Asset Backed Receivables LLC Trust 2007-NC2

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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