Moody’s has put 66 tranches from 33 RMBS issued in 2005 and 2006 on review for possible downgrade.
The RMBS largely consist of first-lien, fixed- and adjustable-rate Alt-A mortgage loans rated Baa or lower. Total value of the securities affected is approximately $318 million.
“While these deals have not experienced significant actual pool losses to date, credit enhancement – provided by subordination, overcollateralisation and excess spread – may be low compared with the amount of loans in fore
The week on Risk.net, July 7-13, 2018Receive this by email