{"id":1868,"date":"2024-04-09T18:31:27","date_gmt":"2024-04-09T22:31:27","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1868"},"modified":"2025-04-30T18:36:30","modified_gmt":"2025-04-30T22:36:30","slug":"home-mortgage-banks-collateralized-mortgage-obligation-cmo-2022-01-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/home-mortgage-banks-collateralized-mortgage-obligation-cmo-2022-01-2\/","title":{"rendered":"Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On March 12, 2024, CariCRIS reaffirmed the assigned ratings of ttAA- (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale, for Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01. A stable outlook was assigned.<\/p>\n<p class=\"badge\">RATING SENSITIVITY FACTORS:<\/p>\n<p>Factors that could, individually or collectively, lead to an improvement in the ratings and \/or outlook include:<\/p>\n<p>\u2022 An improvement in the credit rating of the sovereign over the next 12-15 months.<br \/>\n\u2022 Satisfactory repayment of Tranche A with payment flows in line with or above CariCRIS\u2019 expectations.<br \/>\n\u2022 Sustained improvement in TTMF\u2019s asset quality levels which reduces the originator risk.<\/p>\n<p>Factors that could, individually or collectively, lead to a lowering of the ratings\/or outlook include:<\/p>\n<p>\u2022 Persistent deterioration in the mortgage pool quality with delinquency levels of above 10% and\/ or NPL ratio of above 5% within the underlying mortgage pool leading to heightened extension and\/ or default risk over the next 12-15 months.<br \/>\n\u2022 Deterioration in TTMF\u2019s NPLs to Gross loans ratio of above 10.5% sustained for 2 financial periods.<br \/>\n\u2022 A deterioration in the credit risk profile of T&amp;T leading to increased market risk.<br \/>\n\u2022 Cashflow shortfalls from the mortgage pool that may impair payments of principals and interests.<br \/>\n\u2022 Replacement of TTMF as Administrator and Trustee and HMB as Registrar and Paying Agent with a lower rated counterparty.<\/p>\n<p><strong>Analysts\u2019 Contact Info:<\/strong><\/p>\n<p>Keith Hamlet<br \/>\nMobile: 1-868-487-4356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Sharlene Gordon<br \/>\nTel : 1-1876-618-9811<br \/>\n<a href=\"mailto:sgordon@caricris.com\">sgordon@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><span style=\"font-size: 8pt;\">Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published \/ reproduced in any form without CariCRIS\u2019 prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the assigned ratings of ttAA- (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale, for Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01. A stable outlook was assigned. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the ratings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1868","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01 - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/home-mortgage-banks-collateralized-mortgage-obligation-cmo-2022-01-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01 - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 12, 2024, CariCRIS reaffirmed the assigned ratings of ttAA- (National Local Currency Ratings) on the Trinidad &amp; Tobago national scale, for Home Mortgage Bank\u2019s Collateralized Mortgage Obligation \u2013 CMO 2022-01. A stable outlook was assigned. 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