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Loan Modification

: Mortgage Lender Implode-o-Meter

Subprime Mortgage Securities Projected to Return Two Thirds of Their Original Principal on Average

By Implode-Explode Heavy Industries

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" Standard & Poor?s Ratings Services has released its most recent assessment of projected principal recoveries for residential mortgage-backed securities (RMBS) in prime, Alt-A, and subprime transactions. These show that in the most likely scenario, subprime securities would return two thirds of their original value, while Alt?Securities would return almost 80%. "

Full post as published by Mortgage Lender Implode-o-Meter on January 10, 2010 (boomark / email).

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