Relevant:
- Fitch: $12.1B of U.S. Second-Lien RMBS on Rating Watch Negative
- Moody’s Gets Busy Downgrading Alt-A RMBS Deals; 198 Classes Affected
- Fitch Downgrades $8.1 Billion from 10 Ameriquest Subprime RMBS Deals
- Fitch Places $97B of SF CDOs on Watch Negative on Worsening Mortgage Performance
- DBRS Slashes Ratings on 231 Non-Prime RMBS Deals
2007-06-23 — housingwire.com
"A slew of subordinate classes from second-lien and subprime deals were also put on Credit Watch negative, as would be expected"--like the weather guy telling you it's gonna rain after you're soaked. Criminals.
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