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		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
RMBS Ratings Still Suffering

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03-05-2008, 03:21 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

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RMBS Ratings Still Suffering

Negative ratings actions continue as a result of changes to Fitch Ratings' subprime loss forecasting assumptions. Classes totaling $7.2 billion from 12 First Franklin Mortgage Loan Trust deals from 2006 were downgraded. Six SASCO mortgage pass-through certificates from last year had $3.5 billion in classes downgraded. Three IndyMac Home Equity Mortgage Loan Asset-Backed Trust transactions from 2004 and 2005 had 19 tranches placed on review for possible downgrade by Moody's Investors Service.

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