FHA/VA Bonds may be Downgraded -- Because of Foreclosure Timelines

08/18/2011 11:47 AM | Anonymous
Bonds backed by the Federal Housing Administrationand Veterans Affairs loans are beginning to show a few cracks, prompting Moody's Investors Service to place $3.5 billion of residential mortgage-backed securities issued through 39 transactions on watch for a possible downgrade.

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