Alt-A Downgrades Exceed $40 bil in Past 2 Weeks

September 22nd, 2010 davidguide

Moody’s Investors Service reported downgrades to more than 500 tranches from Alt-A residential mortgage-backed securities during the past two weeks. The lowered ratings impacted around $42 billion in securities. The downgrades were made to RMBS issued in 2005, 2006 and 2007.

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