Fitch Affirms 27 Classes of 3 Bank of America RESI Securitizations.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 has taken rating actions on the following Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. (BOAM) RESI RESI Race and Ethnic Studies Institute RESI Richardson Engineering Services, Inc transactions: E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]Series 2004-A E[acute accent]-- Class B-3 affirmed at 'A'; E[acute accent]-- Class B-4 affirmed at 'A-'; E[acute accent]-- Class B-5 affirmed at 'BBB+'; E[acute accent]-- Class B-6 affirmed at 'BBB-'; E[acute accent]-- Class B-7 affirmed at 'BB'; E[acute accent]-- Class B-8 affirmed at 'BB-'; E[acute accent]-- Class B-9 affirmed at 'B+'; E[acute accent]-- Class B-10 affirmed at 'B'; E[acute accent]-- Class B-11 affirmed at 'B-'. E[acute accent]Series 2004-B E[acute accent]-- Class B-3 affirmed at 'A'; E[acute accent]-- Class B-4 affirmed at 'A-'; E[acute accent]-- Class B-5 affirmed at 'BBB'; E[acute accent]-- Class B-6 affirmed at 'BBB-'; E[acute accent]-- Class B-7 affirmed at 'BB'; E[acute accent]-- Class B-8 affirmed at 'BB-'; E[acute accent]-- Class B-9 affirmed at 'B+'; E[acute accent]-- Class B-10 affirmed at 'B'; E[acute accent]-- Class B-11 affirmed at 'B-'. E[acute accent]Series 2004-C E[acute accent]-- Class B-3 affirmed at 'A'; E[acute accent]-- Class B-4 affirmed at 'A'; E[acute accent]-- Class B-5 affirmed at 'BBB'; E[acute accent]-- Class B-6 affirmed at 'BBB'; E[acute accent]-- Class B-7 affirmed at 'BB'; E[acute accent]-- Class B-8 affirmed at 'BB-'; E[acute accent]-- Class B-9 affirmed at 'B+'; E[acute accent]-- Class B-10 affirmed at 'B'; E[acute accent]-- Class B-11 affirmed at 'B-'. E[acute accent]For all transactions the 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 percentages have been slowly increasing since origination. The affirmations, affecting approximately $493.08 million in outstanding certificates, reflect pool performance and credit enhancement levels consistent with expectations. As of the November 2005 distribution date, the seasoning of the transactions ranges from only 13 to 19 months and the pool factors (current collateral balance as a percentage of original collateral balance) range from 51% to 72%. E[acute accent]The mortgage pools consist of 30-year, fixed-rate mortgage loans secured by one- to four-family residential properties extended to prime borrowers. The majority of the loans are located in the states of California and New York, and the weighted average FICO scores range from 734 to 748 at origination. The servicer for deals 2004-A and 2004-C is Wells Fargo Home Mortgage Inc. and the primary servicer for 2004-B is PHH PHH Provinciale Handelsschool Hasselt (school) PHH Pasukan Anti Huru-Hara (Anti Riot Task Force) PHH Phillips Head (screw) PHH Planar Halogenated Hydrocarbon Mortgage, both of which are rated 'RPS1' by Fitch. E[acute accent]Further information regarding current delinquency, loss, and credit enhancement statistics is available on the 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. web site at www.fitchratings.com. E[acute accent]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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