Printer Friendly

Fitch Affirms 57 Banc of America RMBS Ratings From 5 Securitizations.

NEW YORK -- Fitch Ratings has affirmed the following Banc of America Alternative Loan Trust mortgage pass-through certificates:

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-3

-- Class A at 'AAA';

-- Class B1 at 'AA';

-- Class B2 at 'A';

-- Class B3 at 'BBB';

-- Class B4 at 'BB';

-- Class B5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-4 Group 1

-- Class IA at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-4 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-5 Group 1

-- Classes CB, NC at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-5 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-6 Group 1

-- Classes CB, NC at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-6 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-7 Group 1

-- Classes IA, CB at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-7 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B'.

The affirmations, affecting approximately $1.5 billion, are due to credit enhancement consistent with future loss expectations.

The above deals have 15- to 30-year fixed-rate mortgage loans secured by first lien, one- to four-family residential properties. They are 15 to 19 months seasoned, with pool factors (i.e., current mortgage loans outstanding as a percentage of the initial pool) ranging from 69% to 83%.

Further information regarding current delinquency, loss and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 9, 2004
Words:437
Previous Article:FCIA and UNH-IOL to Hold 4G Plugfest January 10-14, 2005; Plugfest Tests High-Performance Products for Market in First Half of 2005.
Next Article:European and South American Club Champions FC Porto and Once Caldas Face off in the 25th Intercontinental Cup This Sunday on Fox Sports World.


Related Articles
Fitch Issues RMBS Performance Report on Wells Fargo Home Mtge.
Fitch Affirms 4; Upgrades 2; & Downgrades 2 Classes of 3 Impac SAC RMBS Securitizations.
Fitch Publishes Latest U.S. 'RMBS Mortgage Principles & Interest' Newsletter.
Fitch Upgrades 9 & Affirms 9 RMBS Ratings From 2 First Union RST Securitizations.
Fitch Upgrades 1 & Affirms 8 RMBS Classes of 2 Impac Securitizations.
Fitch Publishes Latest U.S. 'RMBS Mortgage Principles & Interest' Newsletter.
Synthetic multi-sector CBOS.
Fitch Publishes Methodology for Mexican Low-Income RMBS.
Fitch Examines Financial Guarantor Exposure to Subprime Markets.
Fitch: New U.S. RMBS Criteria Reflects Greater Use of Loan Modifications.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters