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More Seconds Get Downgraded.

Mortgage Servicing News

| September 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW YORK -- Twenty-two classes from 10 second-lien subprime transactions issued in 2007 have been placed on review for possible downgrade by Moody's Investors Service.

The rating actions affected deals issued by Ace Securities Corp. Home Equity Loan Trust, American Home Mortgage Investment Trust, Bear Stearns Mortgage Funding Trust, C-BASS Mortgage Loan Asset-Backed Certificates, GreenPoint Mortgage Funding Trust, Nomura Asset Acceptance Corp., Alternative Loan Trust, SACO I Trust and Terwin Mortgage Trust.

In a review of second-lien transactions rated in 2007, Moody's said it found that their ...

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