Alt-A Mortgage Backed Securities Downgraded
By Justin Gardner | Related entries in Banks, Economy, Housing, MoneyRemember when I highlighted a 60 Minutes piece back in December that talked about this?
Well, now it’s happening.
From WSJ via Calculated Risk:
Standard & Poor’s Ratings Service on Monday placed its ratings on $552.8 billion worth of U.S. first-lien Alt-A residential mortgage-backed securities issued between 2005 and 2007 on watch for downgrade, saying it sees an [...]










