28.05.2015 01:38:00

Moody's takes action on $4.5 Billion of reverse mortgage bonds issued between 2005 and 2008

New York, May 27, 2015 -- Moody's Investors Service has downgraded 13 securities from 10 deals backed by Home Equity Conversion Mortgages (HECM). Moody's also downgraded six HECM reverse mortgage backed resecuritization bonds from two deals. In addition, Moody's has upgraded the rating of class A-1 issued by Structured Assets Securitization Corporation (SASCO) 2005-RM1 and the rating of class A1 issued by SASCO 2007-RM1.

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