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Moody's may cut $241 billion jumbo mortgage debt | Markets | Bonds News

Calculated Risk found this 3/19/2009 on reuters.com

NEW YORK, March 19 (Reuters) - In a move reflecting widening stress in the U.S. housing market, Moody's Investors Service on Thursday said it may downgrade $240.7 billion of securities backed by prime-quality "jumbo" U.S. residential mortgages because defaults will be higher than they expected. ...