30.09.2016 19:16:00
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Moody's takes action on $624.6 Million of Prime Jumbo RMBS issued in 2004-2005
New York, September 30, 2016 -- Moody's Investors Service has upgraded the ratings of 30 tranches and confirmed the ratings of 101 tranches backed by Prime Jumbo RMBS loans, issued by Countrywide. The tranches were placed on review for upgrade on July 22nd, 2016, due to the distribution of funds related to the $8.5 billion settlement regarding Countrywide's pre-crisis servicing practices and alleged breaches of representations and warranties between Bank of America N.A. parent of Countrywide, and Bank of New York Mellon as trustee.