Vandana Sharma

Managing Director and Lead Analytical Manager, Structured Finance
Standard & Poor's Ratings Services

Vandana Sharma, based in Standard & Poor's Ratings Services New York office, is the Lead Analytical Manager for U.S. Residential Mortgage Backed Securities. Before assuming this role, Vandana was the Global Criteria Officer for Financial Institutions. Vandana initially joined Standard & Poor's in 1995 as an insurance analyst. She then proceeded to build her credit skills through the analysis of structured credit. Previous to assuming her criteria responsibilities, Vandana was an analytical manager with responsibility for large complex banks and finance companies in the U.S. and Canada and Government-Sponsored Entities. Vandana has also been a credit officer at a major investment bank and was head of investor relations at a major financial guarantor.

Vandana holds a bachelor of science degree in Finance from the University of Virginia and a master of business administration degree from Cornell University. Additionally, Vandana teaches a finance workshop at Georgetown University.

Author Archives: Vandana Sharma

In Residential Mortgage Backed Securities, When Is A Loss Not A Loss?

Ocwen Loan Servicing LLC (Ocwen), the largest servicer of subprime loans, recently revealed that in May 2013 it realized more than $1.4 billion of previously undisclosed losses on certain residential mortgage-backed securities (RMBS) primarily backed by subprime mortgage loans. These losses were from loans for which Ocwen had acquired the servicing from Homeward Residential Inc. […]

Principal Forgiveness, Still The Best Way To Limit U.S. Mortgage Redefaults, Is Becoming More Prevalent

In June of last year, Standard & Poor’s Ratings Services contended that principal forgiveness was more likely to keep U.S. mortgage borrowers current than more commonly used modification tools (see “The Best Way to Limit U.S. Mortgage Redefaults May Be Principal Forgiveness,” June 15, 2012). Data gathered since then not only support this view but […]

As The Market Recovers, U.S. Single-Family Housing Activity Builds

Despite an improved environment for single-family housing, significant challenges remain in U.S. agency and non-agency housing. A stronger economy should increase demand for housing and benefit loan performance, but loan modifications indicate that the sector still has room for improvement. Furthermore, Standard & Poor’s Ratings Services anticipates that historically low interest rates will support loan […]

Structured Finance Hot Topics Breakfast: U.S. RMBS Recovery Analytics

Please join senior analysts from Standard & Poor’s Ratings Services for an interactive discussion on hot topics in the U.S. RMBS sector, including the re-launch of U.S. RMBS recovery analytics. Register today. Topics will include: •2013 current outlook for the housing sector •Overview and demonstration of RMBS recovery analytics as a tool to complement traditional […]

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