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Real Estate & Property Law

: Housing Wire

Subprime Bloodletting Continues at Fitch

By DIANA GOLOBAY

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Fitch Ratings today made massive downgrades on various vintage ‘05 through ‘08 subprime residential mortgage-backed securities (RMBS), indicating the extent of the fallout related to subprime defaults has yet to subside. The rating agency slashed hundreds of RMBS ratings further into junk territory. Handfuls of Wells Fargo Home Equity RMBS saw ratings drop to single-C from [...]

Full post as published by Housing Wire on June 12, 2009 (boomark / email).

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