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Real Estate & Property Law

: Housing Wire

S&P Downgrades 102 Classes of 33 Prime Jumbo RMBS

By DIANA GOLOBAY

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Standard & Poor’s downgraded ratings on 102 classes from 33 US prime jumbo residential mortgage-backed securities (RMBS) transactions issued from 1998 through 2004. “The downgrades reflect our opinion that projected credit support for the affected classes is insufficient to maintain the previous ratings, given our current projected losses,” S&P says in a statement today. To assess the [...]

Full post as published by Housing Wire on June 23, 2009 (boomark / email).

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