Fitch Affirms 10 Classes From 1 Residential Asset Mortgage Products, Inc. (RAMP) Issue.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 & CHICAGO -- 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 Residential Asset Mortgage Products, Inc. (RAMP) issue: Series 2003-SL1 Total Pools 1 - 4: -- Class A-I-1 at 'AAA'; -- Class A-II-1 at 'AAA'; -- Class A-III-1 at 'AAA'; -- Class A-IV-1 at 'AAA'; -- Class A-1-IO at 'AAA'; -- Class A-1-PO at 'AAA'; -- Class A-IO at 'AAA'; -- Class A-PO A-PO Physical Optics Currents on an Auxiliary Plane at 'AAA'; -- Class R-I at 'AAA'; -- Class R-II at 'AAA'. The affirmations reflect 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 consistent with future loss expectations and affect about $136 million of outstanding certificates. The collateral in this transaction consists of fixed-rate, seasoned mortgage loans secured by first liens on one- to four-family residential properties. The primary servicer for these loans is HomeComings Financial Network, Inc., (rated 'RPS1', Rating Watch Evolving) by Fitch. Residential Funding Corporation (rated 'RMS1', Rating Watch Evolving) by Fitch, is the master servicer for these loans. As of the Jan. 25, 2006 distribution date, this deal was 26 months seasoned with a pool factor (current principal balance as a percentage of original balance) of 27%. The current cumulative loan loss is 0.06% of the original collateral balance. The 90+ delinquencies, as a percentage of the current collateral balance, are 1.95%. Further information regarding current delinquency delinquency Criminal behaviour carried out by a juvenile. Young males make up the bulk of the delinquent population (about 80% in the U.S.) in all countries in which the behaviour is reported. , loss, and credit enhancement statistics is available on the Fitch 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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