(Reuters) - Fannie Mae said that its non-agency securities totaled $122.8
billion at the end of the second quarter, of which $47.2 billion
were backed by subprime loans. Nearly all of the subprime-backed
bonds, $46.9 billion, were rated 'AAA' or the equivalent by at
least two ratings agencies and none of them have been downgraded,
Fannie Mae said.
Read more at Reuters.com Bonds News
billion at the end of the second quarter, of which $47.2 billion
were backed by subprime loans. Nearly all of the subprime-backed
bonds, $46.9 billion, were rated 'AAA' or the equivalent by at
least two ratings agencies and none of them have been downgraded,
Fannie Mae said.
Read more at Reuters.com Bonds News
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