Moody’s: Foreclosure Scrutiny Will Add to RMBS Losses

11 Oct 2010

Bondholders in residential mortgage-backed securities should brace for higher losses as foreclosure timelines lengthen due to demands by state attorneys general that servicers certify the documentation process, Moody’s Investors Service warned in a report today.

--Amelia Granger


Bondholders in residential mortgage-backed securities should brace for higher losses as foreclosure timelines lengthen due to demands by state attorneys general that servicers certify the documentation process, Moody’s Investors Service warned in a report today.

Servicers will be “hard pressed” to comply with state AG’s demands, senior v.p. ...

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