Copyright:
Business Wire
Business Editors
NEW YORK–(BUSINESS WIRE)–November 28, 2007–Recent vintage residential mortgage-backed securities (RMBS), backed by pools of subprime mortgages continue to substantially under-perform initial expectations, which has resulted in significant ratings downgrades and heightened risk of losses to principal. Fitch’s analysis of subprime defaults suggests that lax underwriting and fraud may account for as much as [...]
