Jumbo Mortgage

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‘Serious Delinquencies’ May Cause RMBS Downgrades 

Mar 19, 2009By

Moody’s Investor Services announced Thursday it had revised its loss projections for residential mortgage-backed securities (RMBS) backed by prime jumbo loans. The vintage of RMBS in question was issued from 2005 to 2008; Moody’s said it expects the 2005 vintage securitization to lose 1.7 percent, the 2006 vintage to lose 3.55 percent and the 2007 vintage to lose .505 percent. The 2008 securitization is projected to shed 6.2 percent.

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