Mon 6 Aug 2007
101 Guide to the CDO Rating Process
Posted by Prieur du Plessis under Markets, Money, Wall Street, Investment, Housing, Business, Economy, Finance, Bonds
Ever wondered about the rating process involved in transforming sub-prime mortgages into AAA collateralized debt obligations (CDOs)? Nothing can be easier, at least not the way it is explained below. (If the diagram appears a bit faint, that is a characteristic of the process!)
Source: Sarasin Chiswell
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August 7th, 2007 at 9:16 am
thats hilarious!
having gone through the home mortgage process about 20 times in the past 5 years, i know from experience its become incredibly tough in the past 3 months. It used to be insanely easy a few years ago. If you had a pulse, you’d get a loan. This had to end.