Nineteen tranches from four "scratch-and-dent" transactions issued by GSRPM Mortgage Loan Trust have been downgraded by Moody's Investors Service. The actions are part of a wider review of all residential mortgage-backed securities in light of the deteriorating housing market and rising delinquencies and foreclosures, the rating agency said. Moody's said many scratch-and-dent pools originated since 2004 are exhibiting higher-than-expected rates of delinquency, foreclosure, and real estate owned. Moody's can be found online at http://www.moodys.com.
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