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<a href="http://www.accessmylibrary.com/coms2/summary_0286-33209818_ITM" title="Facts and information about Fitch Lowers 58 MBS Second Lien Deals: The CES sector as a whole has significantly underperformed from original expectations.">Fitch Lowers 58 MBS Second Lien Deals: The CES sector as a whole has significantly underperformed from original expectations.</a>
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Fitch Lowers 58 MBS Second Lien Deals: The CES sector as a whole has significantly underperformed from original expectations.
NEW YORK -- Fitch Ratings has placed all classes of 58 U.S. residential mortgage-backed securities on subprime transactions backed by pools of closed-end second-liens on Rating Watch Negative.
The 58 transactions - 35 of which were originated in 2005, 22 in 2006 and one this year - have an aggregate outstanding balance of approximately $12.1 billion, the rating agency reported.
The transactions constitute "the entirety of Fitch's rated portfolio" of closed-end second-lien residential mortgage-backed securities from those vintages.
"Although the ...
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Source: HighBeam Research, Fitch Lowers 58 MBS Second Lien Deals: The CES sector as a whole has...