CSFB Mtge-Backed P-T Ctfs Series 2001-2 Rated By Fitch.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 31, 2001 Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. First Boston's (CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank ) mortgage-backed pass-through certificates, series 2001-2, classes I-A-1, II-A-1 to II-A-6, II-X, II-P, and AR ($157.5 million) are rated `AAA' by Fitch. In addition, classes B-1 and B-1-X ($4.1 million) certificates are rated `AA', classes B-2 and B-2-X ($.8 million) certificates are rated `A', and classes B-3 and B-4 ($.9 million) certificates are rated `BBB'. The 'AAA' ratings on classes I-A and II-A senior certificates reflect the 4.00% subordination provided by the 2.50% class B-1, the .50% class B-2, the .60% classes B-3 and B-4, and the .40% unoffered class B-5, B-6 and B-7 certificates. Fitch believes the amount of credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing will be sufficient to cover credit losses, including limited bankruptcy, fraud and special hazard losses. The rating also reflects the quality of the underlying collateral, the integrity of the legal and financial structures. The trust consists of $164,122,508 worth of 30-year fixed- rate loans. The weighted average loan to value ratio is approximately 78.5%. Approximately 71.0% of the loans were collateralized by single family detached properties. Approximately 86.0% of the mortgagors represented that they would occupy the homes as their primary residence. Approximately 70.0% of the mortgagors originated the loans for the purpose of purchasing a home. The greatest concentration of properties is in California (37%). The CSFB mortgage-backed pass-through certificates, series 2001-2 was issued pursuant to a pooling and servicing agreement dated as of Jan. 1, 2001, among Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Mortgage Securities Corp. as depositor; DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Mortgage Capital, Inc., PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Mortgage Securities Corp., Greenpoint Mortgage Funding, Inc., and Midwest Loan Services, Inc., as sellers and servicers; and Bank One, National Association, as trustee. |
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