Lax Documentation in Subprime Mortgages Causes Moody’s to Alter Risk Assessments
December 7, 2006
The low-doc and no-doc loans popular in the subprime market are causing the rating services to reevaluate the risk they assign to such mortgages, as delinquencies for subprime collateral in mortgage-backed securities soar. Moody’s Investor Service recently updated ...