Fitch Affirms 1 Class from First Union HEL 1997-1.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. has affirmed one class from one First Union Home Equity Loan (FUHEL) mortgage-pass through transaction: Series 1997-1; --Class B affirmed at 'B'. The affirmation is due to a satisfactory relationship 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 to expected future losses, and affects $370,750 in outstanding certificates. The pool factor (current collateral balance as a percentage of the closing collateral balance) is approximately 5%, and the transaction is 105 months seasoned. As of the February distribution date, approximately 4.69% of the original collateral balance was lost through liquidations, and 21.5% of the balance is considered not current. The trustee and master servicer for the transaction is Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank and First Union National Bank, respectively. First Union National Bank currently does not have a servicer rating provided by Fitch. For further information regarding transaction based statistics, delinquency information, or collateral attributes please visit the Fitch Ratings web site 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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