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Real Estate & Property Law

: Housing Wire

Moody?s Takes the Knife to Credit Suisse RMBS

By DIANA GOLOBAY

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Moody’s Investors Service on Wednesday downgraded 37 tranches of ‘07-vintage residential mortgage-backed securities (RMBS) issued by Credit Suisse and worth a combined $761m. Increasing delinquencies, slower prepayments and mounting losses in underlying collateral drove the downgrades, Moody’s said in a statement. The rating agency recently adjusted its loss expectation on ALt-A pools as a result of [...]

Full post as published by Housing Wire on June 18, 2009 (boomark / email).

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