Fitch Affirms 1 Class from ChaseFlex Trust Series 2005-1.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 Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. affirms the following ChaseFlex Trust issue: Series 2005-1 --Class A at 'AAA'. All of the mortgage loans in the aforementioned transaction were either originated or acquired by Chase Home Finance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The mortgage loans consist of fixed rate one- to four-family first lien residential mortgage loans with original terms to stated maturity Stated maturity For the CMO tranche, the date the last payment would occur at zero CPR. of not more than 30 years. The affirmation reflects a satisfactory relationship between credit enhancement (CE) and future loss expectations and affects approximately $350.7 million of outstanding certificates. Class A in the series 2005-1 transaction has experienced small growth in CE since closing, and there have been no collateral losses to date. As of the January 2006 distribution date, series 2005-1 transaction is 11 months seasoned, and the pool factor (current mortgage loan principal outstanding as a percentage of the initial pool) is approximately 80%. Chase Home Finance LLC, rated 'RPS1' for Prime and Alt-A products by Fitch, is the servicer for the transaction detailed above. Fitch will continue to closely monitor this transaction. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings website 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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