Real estate blog entries tagged with los angeles foreclosure loan by kandola mortgage services

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Home : Blogs : raman kandola : raman kandola's Blog : Tag "los angeles foreclosure loan"

los angeles foreclosure loan: junk mortgage bond - 09/02/07 03:38 PM

But possibly the bigger news is that S&P said that it would change its methodology for ratings hundreds of
billions of dollars in residential mortgage-backed securities, and review its ratings on hundreds of billions of
dollars in the more complex collateralized debt obligations based on those subprime loans. It is expected that a
lot of debt will be downgraded to junk status and may have to be sold at fire-sale prices. Therefore many
pension and hedge funds that once thrived on the high returns they could get from investing in subprime junk
are expected to lose a lot of money. The … (0 comments)

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