Rising Default Rates Spur Moody’s to Review Alternative A MBS for Possible Downgrades
July 20, 2007
Analyst and investor concern about the subprime contagion spilling into the Alt A market is growing as Moody’s Investment Services put 66 tranches from 33 MBS on review for possible downgrades this week. The reviews follow a rapid increase in Alt A delinquency rates...