Relevant:
- Bond risk nears record as investors flee corporate debt
- Mortgage Bonds Slumping Amid Concern of `Mega-Refi' Wave: Credit Markets
- Subprime Mortgages Lead Credit Rally as Concerns About Greek Default Ebb
- Good Summary of How the Bond Insurance Business Works
- Agency Mortgage Bond Yield Spreads Widen as Loan Losses Expand
2007-10-01 — bloomberg.com
" Home prices are falling amid a record number of defaults on subprime mortgages to people with patchy credit histories. Losses on bonds backed by those mortgages drove investors away from all but the most secure debt during July and August."
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