Downward Pressure On Alt-A RMBS Continues

06 Aug 2009

Rampant negative home equity and rising unemployment have continued to exert downward pressure on U.S. Alt-A residential mortgage-backed securities, according to Fitch Ratings.

Rampant negative home equity and rising unemployment have continued to exert downward pressure on U.S. Alt-A residential mortgage-backed securities, according to Fitch Ratings. In announcing it has taken action on 767 of the Alt-A transactions, Fitch noted, among other things, that it estimates that only 2% of Alt-A ...

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