S&P, Moody’s Find More Deterioration In Prime Jumbo MBS Performance
September 5, 2008
The performance of jumbo MBS pools issued in recent years continued to weaken throughout the first half of 2008, according to separate updates released in late August by Moody’s Investors Service and Standard and Poor’s. “Pools of both first- and second-lien loans issued in 2006 and 2007 and across the credit spectrum continue to suffer from difficult market conditions, with...