22.02.2016 18:00:00
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Moody's: Credit performance in oil and gas-focused metropolitan areas within RMBS weakens slightly, varies by transaction type
New York, February 22, 2016 -- The credit performance of oil and gas-focused metropolitan areas worsened on a relative basis within several major residential securitization types, Moody's Investors Service says in a new report. The deterioration correlates with rising unemployment and declines in home prices in those areas, and affects pre-2010 private label residential mortgage-backed securities (legacy RMBS), single-family rental transactions and government-sponsored enterprises' credit risk transfer transactions.