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Merit Deal Hit by MH.(Brief Article)
Five classes of senior and subordinate certificates of the Merit Securities Corp. Series 13 manufactured housing securitization are being reviewed for possible downgrade by Moody's Investors Service.
The affected securities are classes A3, A4, M1, M2 and B1.
Moody's said the review was prompted by weaker-than-anticipated performance by the manufactured housing loans in the collateral pool.
"Because of the high cumulative losses and ...
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Source: HighBeam Research, Merit Deal Hit by MH.(Brief Article)