Fitch Solutions says most U.S. subprime mortgages increased in value last month. According to Fitch, the U.S.. Subprime RMBS Total Market Price Index rose by more than 6% from January, with 2006 vintage loans increasing 17%. Vintages 2004 and 2005 advanced a more modest, 3% and 9%, respectively, while the 2007 was the only class to drop in value, sliding 2% to a record low.
Click here to read the story from National Mortgage News.