Fitch: Vintage 2007 Loans Get Most Downgrades

02 Sep 2009

Fitch Ratings has issued a report on U.K. nonperforming residential mortgage-backed securities indicating that 2007-vintage loans experienced the largest proportion of negative rating actions in the second quarter.

Fitch Ratings has issued a report on U.K. nonperforming residential mortgage-backed securities indicating that 2007-vintage loans experienced the largest proportion of negative rating actions in the second quarter. The credit rating agency explained that these transactions were most affected because they had no period of price appreciation. Fitch ...

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