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Real Estate & Property Law

: Housing Wire

Fitch Takes Action on Older Subprime Mortgage Securitizations

By DIANA GOLOBAY

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Fitch Ratings took action on thousands of classes of subprime residential mortgage-backed securities (RMBS) issued prior to 2005, including many downgrades of some classes further into triple-C and single-D junk territory and affirmations of other triple-A classes. The actions come as part of Fitch’s ongoing adjustments for deteriorating subprime performance. They indicate RMBS originated before the [...]

Full post as published by Housing Wire on July 02, 2009 (boomark / email).

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