{"id":3091,"date":"2008-09-19T02:10:51","date_gmt":"2008-09-19T06:10:51","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=3091"},"modified":"2008-09-19T02:10:51","modified_gmt":"2008-09-19T06:10:51","slug":"moodys-updates-sub-prime-loss-estimate","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=3091","title":{"rendered":"Moody&#039;s Updates Sub-Prime Loss Estimate"},"content":{"rendered":"<p>Moody&#8217;s has <a href=\"http:\/\/www.moodys.com\/cust\/loadHighLight.asp?documentID=1506800000006827&#038;original=1&#038;redir_url=\/cust\/loadHighLight.asp&#038;bhcp=1\">issued a press release<\/a>:<\/p>\n<blockquote><p>According to Moody&#8217;s, and as outlined in the Special Report referenced above, lifetime cumulative losses on 2006 vintage subprime first-lien pools are now projected to average 22%, considering pool performance through the July 2008 remittance reports. Projected losses increase progressively with the 2006 quarter of origination, averaging 17% for Q1 2006 and rising to 26% for Q4 2006. This compares to Moody&#8217;s previous projections in January, which estimated losses in a range between 14-18%.<\/p><\/blockquote>\n<p>This estimate may also be compared with Fitch&#8217;s <a href=\"http:\/\/www.fitchratings.com\/corporate\/reports\/report_frame.cfm?rpt_id=386342\">earlier estimate<\/a> of 21% on 2006 subprime, compared to 10% for 2005 and 26% for 2007 vintage. Fitch&#8217;s report has been <a href=\"http:\/\/www.prefblog.com\/?p=2156\">discussed on PrefBlog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s has issued a press release: According to Moody&#8217;s, and as outlined in the Special Report referenced above, lifetime cumulative losses on 2006 vintage subprime first-lien pools are now projected to average 22%, considering pool &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-3091","post","type-post","status-publish","format-standard","hentry","category-sub-prime"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/3091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3091"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/3091\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}