Downgrades may force sale of mortgage-backed bonds

08/26/2008 | Financial Week

Lehman Brothers said money managers and other holders of residential mortgage-backed securities may be forced by downgrades to unload as much as $469 billion of the bonds. "Valuations in the residential-credit sector continue to languish as concerns about forced asset sales from banks, broker-dealers and structured vehicles dominate," said Rahul Sabarwal and Madhuri Iyer, analysts at Lehman.

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