Fitch Affirms 7 RMBS Classes From IndyMac RAST 2004-A2.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 the following IndyMac MBS See Mb/sec. MBS - mobile broadband services , Inc., Residential Asset Securitization Trust transaction listed below: IndyMac MBS Residential Asset Securitization Trust, series 2004-A2 Group 1 -- Class 1A 'AAA'. IndyMac MBS Residential Asset Securitization Trust, series 2004-A2 Group 2 -- Class 2A 'AAA'; -- Class 2B1 'AA'; -- Class 2B2 'A'; -- Class 2B3 'BBB'; -- Class 2B4 'BB'; -- Class 2B5 'B'. The affirmations on the above classes 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 approximately $170.34 million of outstanding certificates. The trust, which consists of two pools of residential mortgage loans are not cross-collateralized. The Group 1 mortgage pool consists of recently originated, 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 30 years. The weighted average FICO score for the mortgage pool is approximately 706. The Group 2 mortgage pool consists of seasoned, conventional, fixed-rate, fully amortizing, first lien, one- to four-family residential mortgage loans with original terms to stated maturity of 15 or 30 years. The weighted average loan age of the Group 2 mortgage loans will be approximately 93 months. The weighted average FICO score for the mortgage pool is approximately 712. IndyMac Bank, FSB (FrontSide Bus) See system bus. FSB - front side bus (IndyMac; rated 'RMS2+' by Fitch) is the master servicer. Fitch will continue to continue to closely monitor these deals. For specific delinquency and loss information, visit the Fitch Ratings web site at 'www.fitchratings.com'. |
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