Moody's Investors Service is seeking comments on proposed changes to its ratings approach for analyzing delinquent loans in performing subprime residential mortgage-backed securities. The approach has been refined to evaluate the payment status of mortgage loans as of the closing date for securitizations backed by recently-originated subprime mortgages. Moody's is also placing greater emphasis on the reporting lag, or the difference between the reported "as of" date for payment status and the closing date.
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