Fitch Affirms 30 Classes from 22 IndyMac Inc. Transactions.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 af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. 30 classes of IndyMac MBS See Mb/sec. MBS - mobile broadband services , Inc., Residential Asset Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. Trust (RAST), as follows: Series 1999-A3 --Class A affirmed at 'AAA'. Series 2000-A6 --Class PO affirmed at 'AAA'; --Class B1 affirmed at 'AAA'; --Class B2 affirmed at 'A'; --Class B3 remains at 'C/DR4'. Series 2004-A1 --Class A at 'AAA'. Series 2004-A2 Group 1 --Class 1A affirmed at 'AAA'. Series 2004-A2 Group 2 --Class 2A affirmed at 'AAA'; --Class 2B1 affirmed at 'AA'; --Class 2B2 affirmed at 'A'; --Class 2B3 affirmed at 'BBB'; --Class 2B4 affirmed at 'BB'; --Class 2B5 affirmed at 'B'. Series 2004-A3 --Class A affirmed at 'AAA'. Series 2004-A5 --Class A affirmed at 'AAA'. Series 2004-A6 --Class A affirmed at 'AAA'. Series 2004-A7 --Class A affirmed at 'AAA'. Series 2004-A8 --Class A affirmed at 'AAA'. Series 2004-A9 --Class A affirmed at 'AAA'. Series 2004-A10 --Class A affirmed at 'AAA'. Series 2005-A1 --Class A affirmed at 'AAA'. Series 2005-A2 --Class A affirmed at 'AAA'. Series 2005-A3 --Class A affirmed at 'AAA'. Series 2005-A4 --Class A affirmed at 'AAA'. Series 2005-A7 --Class A affirmed at 'AAA'. Series 2005-A8CB --Class A affirmed at 'AAA'. Series 2005-A9 --Class A affirmed at 'AAA'. Series 2005-A10 --Class A affirmed at 'AAA'. Series 2005-A14 --Class A affirmed at 'AAA'. Series 2005-A16 --Class A affirmed at 'AAA'. The affirmations reflect a stable relationship between 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 and future loss expectations and affect approximately $3.23 billion in outstanding certificates. The collateral consists of conventional, fixed-rate, fully amortizing, first lien, one- to four-family 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 360 months. The loans were originated or purchased by IndyMac Bank Indymac Bancorp, Inc. (NYSE: IMB) (Indymac®) is the holding company for Indymac Bank, F.S.B. (Indymac Bank®), the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. , F.S.B., which it subsequently sold to IndyMac MBS, Inc. None of the mortgage loans are 'high cost' loans as defined under any local, state or federal laws. At origination, the borrowers weighted average FICOs ranged from 700 to 728. The above transactions are seasoned from a range of 12 to 94 months and the pool factors (current mortgage loan principal outstanding as a percentage of the initial pool) range from 6% to 92%. The mortgage loans are being serviced by Indymac Bank F.S.B., rated 'RPS2+' for Alt-A products by Fitch. For specific delinquency and loss information, please visit the Fitch Ratings web site at www.fitchratings.com. Fitch's Distressed Recovery (DR) ratings, introduced in April 2006 across all sectors of structured finance, are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money. For more information on Distressed Recovery ratings, see the full report ('Structured Finance Distressed Recovery Ratings'), which is available on 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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