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Single family homes on the market. Updated weekly.Powered by Altos Research
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Moody’s Investors Service

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Moody’s Eyes the Chopping Block for Monolines 

May 21, 2009By

As the extent of the damage to monolines from deteriorating mortgage performance continues to unwind, at least one credit rating agency is busy again this week considering downgrades. Moody’s Investors Service placed the Aa3 insurance financial strength ratings of monoline Financial Security Assurance on review for possible downgrade. The action comes as the firm’s US insured mortgage portfolio continues to deteriorate, affecting its capital adequacy.

3d rendering of a row of luxury townhouses along a street

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