Industry News

Losses on mortgage, debt securities could top $265 billion

Bond insurers scrambling to keep AAA ratings
Published on Jan 31, 2008

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by CareyBot

Losses on complex securities backed by mortgages will eventually exceed $265 billion, with losses spreading from Wall Street investment firms to regional banks, credit unions and Fannie Mae and Freddie Mac, Standard & Poor’s Ratings Services said in a report. ...