Moody's Investors Service said it is reviewing subprime deals as part of an ongoing, wider review of all RMBS transactions, in light of the deteriorating housing market and rising delinquencies and foreclosures. "Many subprime pools originated from late 2005 through 2007 are exhibiting higher than expected rates of delinquency, foreclosure, and REO," the agency stated. Nine Barclays Capital subprime transactions from 2005 saw $1.0 billion in classes downgraded by Fitch Ratings. Also downgraded by Fitch were $0.7 billion in classes from six Bear Stearns Asset Backed Securities I Trust mortgage pass-through certificates from 2005.
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