Tuesday, July 31, 2007

Moody's refines ratings methodology for Alt-A loans

(Reuters) - So-called "Alt-A" home mortgages are held by borrowers who
are rated above the subprime category but below the more
pristine prime borrower.




The rating agency's higher loss estimates are projected to
range from an increase of 10 percent for stronger Alt-A
mortgaeg loan pools to an increase of more than 100 percent for
weaker pools as a result of the revisions.


Read more at Reuters.com Bonds News

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