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Loan Modification

: Mortgage Lender Implode-o-Meter

DBRS Slashes Ratings on 231 Non-Prime RMBS Deals

By Implode-Explode Heavy Industries

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Independent rating agency DBRS downgraded certain classes within 231 residential mortgage-backed security (RMBS) deals.

Most of the downgrades involve pre-2007 vintages backed by primarily first-lien fixed- and adjustable-rate subprime and Alt-A collateral.

Full post as published by Mortgage Lender Implode-o-Meter on August 02, 2010 (boomark / email).

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