Moody’s Investors Service downgraded $4bn of securities backed by residential loans issued by Securitized Asset Backed Receivables, as the performance of the underlying subprime mortgages continues to worsen. Moody’s has downgraded hundreds of billions of dollars worth of residential mortgage-backed securities (RMBS) in recent months as credit raters have steadily cut ratings on the securities.
Moody’s downgrades $4bn of RMBS
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products