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Real Estate & Property Law

: Housing Wire

Moody?s Downgrades $7.6bn of Jumbo RMBS

By DIANA GOLOBAY

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[Update 1 reflects downgrades of BofA and RFMSI RMBS tranches] Moody’s Investor Service took the red pen to 344 tranches of 61 residential mortgage-backed securities (RMBS) backed by jumbo loans in excess of the conforming loan limit ($729,750). Together the relevant downgraded RMBS totals $7.59bn. Moody’s downgraded $4.25bn of jumbo RMBS issued by Wells Fargo. The ratings agency [...]

Full post as published by Housing Wire on July 07, 2009 (boomark / email).

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