|
Fitch Rates RALI Mtge $805MM Asset-Backed PT Ctfs, 2007-QS6
NEW YORK--(BUSINESS WIRE)--Fitch rates Residential Accredit Loans, Inc. (RALI) mortgage pass-through certificates, series 2007-QS6, as follows: --$755,357,367 classes A-1 through A-116 A-P, A-V, R-I and R-II certificates (senior certificates) 'AAA'; --$26,269,900 class M-1 'AA'; --$8,487,100 class M-2 'A'; --$6,870,600 class M-3 'BBB'. In addition, the following privately offered subordinate certificates are rated by Fitch: --$4,445,600 class B-1 'BB'; --$3,637,400 class B-2 'B'. The $3,233,251 class B-3 is not rated by Fitch. The 'AAA' rating on the senior certificates reflects the 6.55% subordination provided by the 3.25% class M-1, the 1.05% class M-2, the 0.85% class M-3, the privately offered 0.55% class B-1, the 0.45% privately offered class B-2 and the 0.40% privately offered class B-3.
Fitch Rates BNC Mortgage Loan Trust $1.088B RMBS Series 2007-2
The 'AAA' rating on the class A1 through A5 certificates reflects the 23.85% total credit enhancement provided by the 4.55% class M1, 4.55% class M2, 1.6% class M3, 1.95% class M4, 1.6% class M5, 1.1% class M6, 1.05% class M7, 0.85% class M8, 1.2% class M9, the privately offered 1.55% class B1, the privately offered 1.35% B2, as well as the 2.5% initial and target overcollateralization (OC). All certificates have the benefit of monthly excess cash flow to absorb losses. The ratings also reflect the quality of the loans, the soundness of the legal and financial structures, and the capabilities of Aurora Loan Services LLC as master servicer (rated 'RMS1-' by Fitch). U.S. Bank National Association (rated 'AA-' by Fitch) will act as trustee. On the closing date, the trust fund will consist of a pool of conventional, first lien, adjustable- and fixed-rate, fully amortizing and balloon, residential mortgage loans with a total principal balance as of the cut-off date of approximately $1,115,623,388.
Fitch Rates FHAMS $274MM RMBS Series 2007-FA3
The 'AAA' rating on the senior certificates reflects the 5.5% subordination provided by the 2.7% class B-1, the 0.95% class B-2, the 0.7% class B-3, the 0.45% privately offered class B-4, the 0.35% privately offered class B-5, and the 0.35% privately offered class B-6 (not rated by Fitch). Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud and special hazard losses in limited amounts. In addition, the ratings reflect the quality of the mortgage collateral, strength of the legal and financial structures, and the servicing capabilities of First Horizon Home Loan Corporation, currently (rated 'RPS2' by Fitch). Substantially all of the mortgage loans were underwritten to First Horizon's 'super expanded underwriting guidelines'.
Fitch Rates Chase Mortgage Finance Trust 2007-S3
The 'AAA' rating on the senior classes reflects the 4.50% subordination provided by the 0.80% class A-M, the 0.90% class M-1, the 1.40% class B-1, the 0.55% class B-2, the 0.35% class B-3, the 0.20% privately offered class B-4, the 0.10% privately offered class B-5 and the 0.20% privately offered and not rated class B-6 certificates. Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud and special hazard losses in limited amounts. In addition, the ratings also reflect the quality of the underlying mortgage collateral, strength of the legal and financial structures, and the primary servicing capabilities of JPMorgan Chase Bank, N.A. (rated 'RPS1' by Fitch). This transaction contains certain classes designated as exchangeable certificates and others as regular certificates.
Fitch Rates Harborview Mortgage Loan Trust $831.2MM Series 2007-3
The 'AAA' rating on the senior certificates reflects the 12.20% subordination provided by the non-rated 4.70% class B-1, 1.85% class B-2, 1.35% class B-3, 0.90% class B-4, 0.85% class B-5, 0.55% class B-6, 0.50% class B-7, 0.50% class B-8 and privately-offered 0.50% class B-9, as well as the 0.50% initial and target overcollateralization (OC). Fitch believes the above credit enhancement will be adequate to support mortgagor defaults in limited amounts. In addition, the ratings also reflect the quality of the underlying mortgage collateral, strength of the legal and financial structures, and the servicing capabilities of GMAC Mortgage, LLC (rated 'RPS1' by Fitch). The certificates represent an ownership interest in a group of fixed- and adjustable-rate, first lien residential mortgage loans originated by Paul Financial, LLC (18.99%), SunTrust Mortgage Inc.
Fitch Rates $772.61MM GSR Mortgage Loan Trust 2007-3F
The 'AAA' rating on the senior certificates reflects the 3.60% subordination provided by the 0.70% class M-1, 1.35% class B-1, 0.60% class B-2, 0.40% class B-3, 0.20% privately offered class B-4, 0.15% privately offered class B-5, and 0.20% privately offered class B-6. Class B-6 is not rated by Fitch. The ratings also reflect the quality of the underlying collateral, the strength of the legal and financial structures, and the master servicing capabilities of Wells Fargo Bank, N.A., which is rated 'RMS1' by Fitch. As of the cut-off date, April 1, 2007, the pool of loans consists of 1,389 fixed-rate mortgage loans, which have 20-year through 40-year amortization terms. The mortgage pool has an average unpaid principal balance of $556,236 and a weighted average FICO score of 733.
|
|
