Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Down on upgrades

? Ominous signs in the U.K. housing market |


| An ARM Warning From Across the Pond ?

July 15, 2005

Down on upgrades

Chris Palmeri

People like to joke that the bank owns their home. The reality is it's likely a mutual fund or institutional investor in the booming secondary mortgage market. Issues of mortgage-backed securities have skyrocketed in recent years. A recent report from bond-rating agency Standard & Poors says that the second quarter saw the highest number of ratings downgrades in history for mortgage backed securities. The number of upgrades declined 33%, the number of downgrades tripled. A portion of this is due to the fact that low rates caused people prepay their mortgages. But it seems too that the mortgage industry has lent money to people it shouldn't have and that's a problem we may see more of.

07:43 PM

Investing in Real Estate

TrackBack URL for this entry:

Listed below are links to weblogs that reference Down on upgrades:

? Down on Upgrades from Bubble 2.0

recent report from bond-rating agency Standard & Poors says... [Read More]

Tracked on July 19, 2005 03:43 PM

blog comments powered by Disqus