More housing related pain …
Donnerstag, Mai 29th, 2008No, I’m not talking about RECORD falls in house prices … Yesterday, S&P downgraded a huge bunch of so called Alt-A MORTGAGE- backed securities … NEW YORK (Standard & Poor’s) May 28, 2008–Standard & Poor’s Ratings Services today lowered its ratings on 1,326 classes of U.S. residential mortgage-backed securities (RMBS) certificates issued in the first [...]
