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Real Estate & Property Law

: Housing Wire

S&P Cuts Ratings on $34.1 Billion in Alt-A RMBS

By PAUL JACKSON

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Standard & Poor’s Ratings Services said late Wednesday that it had cut its ratings on 1,078 classes from 86 U.S. RMBS Alt-A deals issued in 2006 and 2007 — the latest blow to investors in an already battered mortgage market, and evidence that the nation’s mortgage crisis is moving up the proverbial value chain. In [...]

Full post as published by Housing Wire on November 06, 2008 (boomark / email).

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