Tag: downgrades
Pondering the 2008 RMBS Vintage
Because of increased loss expectations, Fitch Ratings has moved $139 billion subprime RMBS to Watch Negative due to losses from the 2006 and 2007 subprime vintages that are expected to range from 21 to 26 percent. Hat tip to Housing Wire.
Other ratings agencies have also increased their expectation on losses. Standard & Poor expects losses on 2006 vintage subprime to approach 19%. Moody’s [...]
Posted: February 2nd, 2008 under General Real Estate.
Tags: 2008-vintage-subprime, downgrades, fitch-ratings, Legacy-Escrow, ratings-agencies, residential-mortgage-backed-securities, RMBS
Comments: 96
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