The Growing Presence of IOs May Have Ramifications for Performance

June 2004
National Mortgage News;6/7/2004, Vol. 28 Issue 37, p21
Trade Publication
Reports that interest-only mortgages can represent as much as two-thirds of adjustable-rate mortgage pools securitized. Implications for the performance of residential mortgage-backed securities; Exposure of lenders and investors to risk of bigger losses when a borrower defaults; Insights from report from Moody's Investors Service Inc.


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