A graphic March 11 with the Wall Street Watch column (page 8) erred in saying the different ratings of senior and subordinated portions of pools of home equity loans arose from differences in the credit quality of the underlying loans. The ratings actually vary according to the level of credit enhancement provided by the issuer.
Save $400 off your subscription. Special offer ends April 30, 2017.
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In