AAA ratings return for non-prime #mortgage bonds. Crisis redux? Maybe not

The world of post-crisis #mortgage bond trading is about to change, as a new #mortgage bond is set to hit the market that features loans that would be considered non-prime, and also carries AAA ratings – a post-crisis first. Both Fitch Ratings and DBRS handed the deal AAA ratings on the largest tranche of the deal, but the deal is not a return to the pre-crisis world of credit ratings, at least not yet. http://www.housingwire.com/articles/38723-aaa-ratings-return-for-non-prime-mortgage-bonds-crisis-redux-maybe-not ❤️ #share #mortgage