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Loan Modification

: Mortgage Lender Implode-o-Meter

Fitch Takes Action on Older Subprime Mortgage Securitizations

By Implode-Explode Heavy Industries

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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."

Full post as published by Mortgage Lender Implode-o-Meter on July 02, 2009 (boomark / email).

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