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Loan Modification

: Mortgage Lender Implode-o-Meter

S&P Cuts to Junk Mortgage Bonds It Rated AAA in 2009

By Implode-Explode Heavy Industries

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"Standard & Poor?s cut to junk the ratings on certain securities, backed by U.S. mortgage bonds, that it granted AAA grades when they were created last year by Credit Suisse Group, Jefferies Group Inc. and Royal Bank of Scotland Group Plc."

Full post as published by Mortgage Lender Implode-o-Meter on May 14, 2010 (boomark / email).

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