Moody’s warns of jumbo mortgage strategic defaults

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Wells Fargo Bank, N.A. (Wells Fargo) will act as the master servicer of the loans in the transaction. Moody’s has assigned Wells Fargo its top servicer quality rating of SQ1 as a master servicer of residential mortgage loans. THE COMPLETE RATING ACTIONS ARE AS FOLLOWS: Wells Fargo Mortgage Backed Securities 2007-2 Trust

Private investors in residential mortgage-backed securities (RMBS) comprised of jumbo mortgage loans are dealing with a greater risk of strategic defaults, according to Moody’s Investors Service.

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With home prices likely to slip further in 2012 the risk of jumbo mortgages, yet to refinance out of security pools, will be at a growing risk of strategic default, Moody’s Investors Service said.

Jumbo Loan Help- We Can Help You Refi Your Jumbo Loan- Strategic Default as strategic mortgage defaults continue to increase, and homes are foreclosed, real estate appraisals on these homes will continue to decline as the supply of homes in this segment of the market.

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These rating actions conclude the review with direction uncertain for Safeco Life that Moody’s initiated on September 30, 2003. Safeco had originally announced its intention to explore strategic.

The Director will be a key role in the continued development and execution of the Mortgage strategic and transformation efforts that are underway at the Company to significantly grow the Mortgage.

The company has about 3,000 employees nationwide, with about 1,200 in residential mortgage lending. Moody’s regards EverBank’s loan performance and ability as Strong and stability as Above Average. This is our fourth assessment of EverBank as an originator of prime jumbo residential mortgage loans.

Jumbo mortgages may be next in line to default. but who now are the most likely to opt for a strategic default and walk away from their homes.. house and mortgage? If the Moody’s study is.

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