Five Oaks Acquisition Corp. -- Moody's assesses Five Oaks Acquisition Corp. as an Average aggregator of prime jumbo residential mortgage loans

New York, August 10, 2015 -- Moody's Investors Services has assessed Five Oaks Acquisition Corp. (FOAC) as an "Average" aggregator of prime jumbo residential mortgage loans based on several underlying components. In the assessment, Moody's reviewed FOAC's loan performance and aggregator ability, which among other things included analyzing its ability to accurately assess borrowers' willingness and ability to repay their mortgage loans, its ability to accurately and objectively assess property value and its ability to purchase loans closed in accordance with laws and regulations. Finally, the assessment also took into account FOAC's financial strength and support functions to determine its aggregator stability.

Vollständigen Artikel bei Moodys lesen