Escalating Costs Impacting RMBS Losses

01 Aug 2008

The U.S. residential mortgage industry continues to face significant challenges, particularly in light of the severe downturn in the subprime mortgage sector.

The U.S. residential mortgage industry continues to face significant challenges, particularly in light of the severe downturn in the subprime mortgage sector. Rising delinquencies and mounting foreclosures have resulted in unprecedented growth of real estate-owned property volumes. At year-end 2007, non-agency residential mortgage-backed securities REO volumes were up ...

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