We provide in-depth credit analysis on any RMBS security. We make loan-level default assumptions based upon several parameters, including location of the underlying loans, credit profile of the borrower, and leverage. Servicer performance and data quality are our focus. We call servicers, scrub data tapes, and determine the true stories that lie within the collateral, and transaction structure. Our analysis also focuses on vintage and issuer of each RMBS Security. Our RMBS analysis clearly shows:
- Timing of expected losses and principal repayment for any type of RMBS securities, including Jumbo RMBS, Subprime RMBS, Alt-A RMBS, and Prime RMBS
- Multiple cash flow stresses incorporating default and loss assumptions at the underlying collateral level
- Transparent assumptions which can be modified at client request
- Credit enhancement
- Synopsis of errors or discrepancies in deal documentation and calculations
- Clear picture of underlying collateral and obligors ability to pay based upon jurisdiction, credit score and leverage
- Rights of the controlling class
- Hedging risks
- Servicer performance
