80% of sub-prime losses disclosed, says Fitch

Le Gouais, Marcel
May 2008
Mortgage Strategy;5/19/2008, p12
Trade Publication
The article reports on the 80% estimated losses on subprime mortgage assets of banks around the world. Fitch Ratings Ltd. estimated a £205 billion total market losses from subprime mortgage assets. Moreover, 50% of the losses are held by banks and the remaining from financial guarantors, insurance companies, asset managers and hedge funds.


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