Mortgage-Backed Security

Moody’s Warns of Increased Losses on Taylor, Bean & Whitaker RMBS 

Moody’s Investors Service has placed the servicer rating of mortgage lender Taylor, Bean & Whitaker on review for possible downgrade as the loss severity of its residential mortgage-backed securities (RMBS) looks to increase. Taylor, Bean & Whitaker, which was suspended from Federal Housing Administration-insured originations last week, said at the time it planned to continue its servicing activities.