More Subprime Mortgage Loans Likely to Be Downgraded by Moody
Posted February 26th, 2009 by adminIn a recent article, Bloomberg reported that Moody’s Investors Service said it’s reviewing all 2005, 2006 and 2007 subprime mortgage bonds for credit-rating downgrades, covering debt with $680 billion in original balances. The review reflects an increase in Moody’s expected losses on the underlying loan pools, the New York-based company said in a statement today. [...]
Tags: home loan, loans, mortgage modification, mortgages, subprime mortgage