Million-Dollar Mortgages Performing in Line with Smaller Loans: Moody’s

By: Carrie Bay Mortgage borrowers with balances over $1 million are faring just as poorly, but not worse, than borrowers with lower balances, according to Moody’s Investors Service. According to the New York-based credit rating agency’s data of securitized private-label mortgages, as of June 2010, mortgages originated from 2005 to 2008 are 60 or more […]

Continue reading...