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Moody’s Downgrades $33 Billion in Subprime Mortgage Securities

Started by morganb · 6 months ago

Moody’s downgraded another $33 billion in subprime mortgage backed securities, including a substantial amount of AAA and AA rated issuances from the 2006 vintage. That represents nearly 8% of all mortgages the agency rated for the year. It clearly shows that loan quality (these ... Continue reading »

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