Relevant:
- Mr. Mortgage: Jumbo-Prime Under Attack by the Raters - Big Banks Beware
- S&P Doing the Nasty on $280 Billion in Alt-A…Largest Ever
- Moody’s takes action on $6bn of Wells Fargo-issued jumbo RMBS
- Moody’s Downgrades $6.26bn of Jumbo RMBS
- US Prime Jumbo RMBS delinquency rate could top 10% as early as next month
2008-12-10 — ml-implode.com
"This story was originally released a couple of weeks ago but somehow did not make it to the blog. It goes hand in hand with the Moody’s downgrade of many Bank of America Jumbo Prime deals citing a 13% delinquency rate. This represents a total meltdown in the sector happening right now that nobody is reporting."
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