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Real Estate & Property Law

: Housing Wire

Moody?s May Downgrade FHA, VA RMBS

By DIANA GOLOBAY

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Increased default rates among certain Federal Housing Administration-insured and Veterans Administration-guaranteed residential mortgages in recent months may lead to negative ratings actions. Moody’s Investors Service placed eight tranches of FHA/VA residential mortgage-backed securities (RMBS) on review for potential ratings downgrades. Cumulative losses on pools issued from 02 through 07 rose to 0.61% in March 09 from 0.48% [...]

Full post as published by Housing Wire on May 28, 2009 (boomark / email).

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