Fitch Affirms 1 Class from 1 IndyMac RAST RMBS Transaction.NEW YORK -- Fitch Ratings has taken rating action on the following IndyMac Residential Asset Securitization Trust (RAST) mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed. IndyMac MBS See Mb/sec. MBS - mobile broadband services RAST, series 2003-A7 --Class A affirmed at 'AAA'. The collateral on the aforementioned transactions consists of 30-year fixed-rated mortgages extended to Alt-A borrowers. As of the March 2008 remittance date, the pool has experienced 0.04% of loss (as a percentage of original balance). The deal has 3.07% in 90+ delinquency (including loans in bankruptcy, foreclosure and REO reo Noun NZ a language [Maori] ) and the pool factor is approximately 36%. IndyMac Bank FSB (FrontSide Bus) See system bus. FSB - front side bus (not rated by Fitch) is the master servicer for the deal. Class A-8 has a financial guaranty provided 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 . For more information, please refer to 'Fitch Moves to Underlying Ratings for MBIA-Insured Bonds' dated Apr. 4, 2008, available on the Fitch Ratings web site at www.fitchratings.com. 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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