文档介绍：MBA Secondary Market Presentation
April 21, 2009
Navneet Agarwal
Senior Vice President
AGENDA
Market Overview
Housing Market
RMBS Market
Rating Actions
Updated Expected Loss Projections
Rating actions
Moody’s Methodology Updates
New Processes
Servicer Quality Ratings
ASF Project ReSTART
Market Overview
House Price Appreciation
% change year ago
Sources: NAR, FHFA, Moody's
Average percent overpriced (L)
Number of overpriced
metro areas (R)
House Prices About Balanced
Source: Moody's
Housing Affordability
Source: NAR, Moody's
% of median-priced home that median e-earning family can afford
Mortgage Interest Rates
Source: Freddie Mac, Moody's
%
Inventories
Ths, SA
Sources: BOC, NAR, Moody's
Long-Run Supply & Demand Nearly Balanced
Long-run demand
Long-run supply
Source: Moody's
Single-family total units, SAAR, ths
Some Letup in Mortgage Credit Tightening
Sources: FRB, Moody's
Net % of banks tightening mortgage loan standards