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Manufactured Housing Problems.(Brief Article)
The ratings on nine classes from two manufactured housing transactions linked to Conseco Finance Corp. have been lowered by Standard & Poor's Ratings Services and removed from CreditWatch with negative implications.
S&P attributed the downgrades to the poor performance of the underlying pools of manufactured housing contracts and the resulting decline in credit enhancement.
The rating agency said ...
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Source: HighBeam Research, Manufactured Housing Problems.(Brief Article)