S&P downgrades ratings on 1,413 classes of subprime-backed securities ...
Story date: 2007-10-19 01:31:00
Added on: 2007-10-19 16:54:12
PR Inside - S&P projects housing prices will have tumbled more than 11 percent from their crest by the time the market recovers next year. Most of the loans backing these bonds are subject to hikes in interest-rate payments. Many subprime borrowers took out ...
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