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$15 Billion in Alt-A Downgrades

Posted by admin on Friday, May 14th 2010

14
May

Moody’s Investors Service announced downgrades on Alt-A residential mortgage-backed securities issued between 2005 and 2007.

The moves cam as a result of rapidly deteriorating performance mixed with stressed macroeconomic conditions and reflecting updated loss expectations.

Around $15.4 billion in Alt-A RMBS were impacted.

More: continued here

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