Downgrades Continue on 2003, 2004 Issuances - Mortgage Forums for Mortgage Brokers

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Downgrades Continue on 2003, 2004 Issuances

#1 (permalink)

04-30-2008, 11:06 AM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

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Downgrades Continue on 2003, 2004 Issuances

Fitch Ratings downgraded more than $2.5 billion in classes of several subprime transactions issued from 2003 and 2004. Among the impacted issuers were First Franklin, CSFB Home Equity Asset Trust and Long Beach. Also affected were issuances from Countrywide and NovaStar Mortgage Funding Trust.

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