$6 Billion in Subprime Downgrades - Mortgage Forums for Mortgage Brokers

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$6 Billion in Subprime Downgrades

#1 (permalink)

02-25-2008, 09:58 AM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

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$6 Billion in Subprime Downgrades

Five IndyMac deals from 2006 saw $2.6 billion in classes downgraded as a result of changes to Fitch's Ratings' subprime loss forecasting assumptions. Four Asset Backed Funding Corp. mortgage pass-through certificate deals from 2006 had $2.6 billion in classes downgraded by Fitch. Fitch's changes to led to downgrades on $0.4 billion in classes from an Option One deal from 2006.

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