(Reuters) - NovaStar, which put itself up for sale last month, this
month posted a big first-quarter operating loss amid tough
conditions for lenders that make home loans to people with poor
credit histories. For details, see [ID:nN10197583]
Fitch cut NovaStar's servicer rating to "RPS3-plus," from
"RPS2-minus." Servicers are rated on a scale of 1 to 5, with 1
being the highest rating.
Read more at Reuters.com Bonds News
month posted a big first-quarter operating loss amid tough
conditions for lenders that make home loans to people with poor
credit histories. For details, see [ID:nN10197583]
Fitch cut NovaStar's servicer rating to "RPS3-plus," from
"RPS2-minus." Servicers are rated on a scale of 1 to 5, with 1
being the highest rating.
Read more at Reuters.com Bonds News
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