Fitch Affirms $304.6MM from 2 Prime RFMSI Transactions.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings has taken the following rating actions on two Residential Funding Corporation (RFMSI) prime mortgage pass-through certificate transactions. Unless stated otherwise, any bonds that were previously on Rating Watch Negative have been removed. Affirmations total $304.6 million. Series 2003-S4 --$189.2 million classes A-1, A-2, A-3, A-3A, A-4, A-5, A-6, A-7, A-8, A-9, A-10, A-11, A-12, A-13, A-P and A-V A-V abbr. 1. arteriovenous 2. atrioventricular A-V, AV 1. arteriovenous. 2. atrioventricular. A-V Atrioventricular, also 1. Anteversion 2. Aortic valve 3. affirmed at 'AAA'; Series 2004-S4 Group 1 --$115.4 million classes 1-A-1, 1-A-2, 1-A-3, 1-A-4, 1-A-5, 1-A-6, 1-A-7, 1-A-8, 1-A-P and 1-A-V affirmed at 'AAA'; Classes A-3 from series 2003-S4 and 1-A-3 from series 2004-S4 Group 1 are insured by MBIA MBIA Montana Building Industry Association MBIA Municipal Bond Insurance Association MBIA Michigan Boating Industries Association MBIA Municipal Bond Investors Assurance MBIA Massachusetts Brain Injury Association MBIA Maryland Business Incubation Association Corp. Fitch's policy is to maintain ratings on insured transactions at the higher of the underlying rating of the insured transaction if rated by Fitch, or the Fitch rating of the insurer. The collateral for both deals consists of 30 year fixed rate prime mortgage loans. The loans are serviced by Residential Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control currently rated at 'RPS2+' by Fitch. Additional details are available in the following research, available at www.fitchratings.com: --'Downgrade Criteria for Recent Vintage U.S. Subprime RMBS' (Aug. 8, 2007); All of Fitch's ratings criteria for U.S. subprime RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities available at www.fitchratings.com/subprime. For a list of deals currently under analysis please visit www.fitchratings.com/smartview. Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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