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Monday, December 15, 2008

Fitch Warns on Alt-A

by Calculated Risk on 12/15/2008 01:55:00 PM

From HousingWire: Fitch: Alt-A Mortgages Deteriorating More Rapidly than Expected

Citing “a rapid deterioration of U.S. Alt-A RMBS performance,” Fitch Ratings again took the hatchet to its previous assumptions for Alt-A mortgages on Monday morning, revising its surveillance methodology and updating loss projections for all U.S. Alt-A RMBS.