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.

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Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

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Has Bloomberg gotten anything right about housing?

In this week’s column, HousingWire Columnist Logan Mohtashami responds to presidential candidate Mike Bloomberg’s comments on the financial crisis, providing his own view on how the market crashed and how to keep it from ever happening again.

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3d rendering of a row of luxury townhouses along a street

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