Moody’s Expands Review of Jumbo Tranches as DBRS Announces Updated Method for Rating MBS
April 17, 2009
Moody’s placed 79 more tranches on review for possible downgrade last week as it continued to monitor all MBS transactions backed by prime jumbo mortgages issued from 2005 to 2008. The latest ratings action brings to 5,067 the number of tranches of jumbo MBS that are being evaluated for ratings adjustment. The tranches have an...