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Real Estate & Property Law

: Housing Wire

GM Bankruptcy Does Not Impact RMBS

By JACOB GAFFNEY

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It may seem like the least of General Motors‘ (GM: 0.75 0.00%) investor troubles, but Moody’s Investors Service does not believe the company’s bankruptcy this morning will impact ratings on its residential-mortgage backed securitizations. “We note that GMAC and its subsidiaries were not part of the bankruptcy filing,” said Moody’s in a statement, “and we do [...]

Full post as published by Housing Wire on June 01, 2009 (boomark / email).

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