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Fitch IBCA Expects To Affirm Servicer Ratings.


NEW YORK--(BUSINESS WIRE)--June 18, 1999--

ORIX USA Corp. has announced its plan to purchase Bank One's 55% interest in the Bank One/ORIX joint venture, currently known as BOMCM. Upon the closing of this transaction, Fitch IBCA IBCA International Braille Chess Association
IBCA Institute of Burial and Cremation Administration
IBCA Integrated Business Communications Alliance
IBCA International Barbeque Cookers Association
IBCA Department of Interior Board of Contract Appeals
 expects to affirm the following servicer ratings of ORIX Real Estate Capital Markets, L.L.C., ORECM (formerly known as BOMCM): primary servicer, 'CPS1'; master servicer, 'CMS1'; and special servicer, 'CSS1'. The expected affirmation will be based on the fact that there will be no structural or organizational changes in the servicing division as well as the satisfactory liquidity provisions in place to meet advancing obligations.

The following transactions are currently serviced by BOMCM:

-- American Southwest Financial Securities Corp., Series 1994-C2

-- 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.
 Corp., Series 1995-D1

-- Asset Securitization Corp., Series 1995-MDIV

-- Asset Securitization Corp., Series 1996-D2

-- Asset Securitization Corp., Series 1996-D3

-- COMM 1999-1

-- Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse.  Mortgage Securities Corp.,

Series 1998-C1

-- DLJ DLJ Distributor License for Java
DLJ Donaldson, Lufkin & Jenrette Inc.
DLJ Drive Like Jehu (band)
DLJ Defence Laboratory Jodhpur (India)
DLJ Dead Letter Journal
 Mortgage Acceptance Corp., Series 1996-CF2

-- DLJ Commercial Mortgage Corp., Series 1998-CF1

-- DLJ Commercial Mortgage Corp., Series 1998-CF2

-- DLJ Commercial Mortgage Corp., Series 1999-CG1

-- Deutsche Mortgage & Asset Receiving Corp., Series 1998-C1

-- FDIC FDIC

See: Federal Deposit Insurance Corporation


FDIC

See Federal Deposit Insurance Corporation (FDIC).
 REMIC Trust 1994-C1, Series 1994-C1

-- First Union-Lehman Brothers Commercial Mortgage Trust,

Series 1997-C1

-- First Union National Bank-Chase Manhattan Bank Commercial

Mortgage Trust, Series 1999-C2

-- J.P. Morgan Commercial Mortgage Finance Corp., Series 1996-C2

-- J.P. Morgan Commercial Mortgage Finance Corp., Series 1996-C3

-- J.P. Morgan Commercial Mortgage Finance Corp., Series 1997-C4

-- J.P. Morgan Commercial Mortgage Finance Corp., Series 1998-C6

-- LB Commercial Conduit Mortgage Trust, Series 1995-C2

-- LB Commercial Conduit Mortgage Trust II, Series 1996-C2

-- Mall Asset Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Trust, Series 1999-1

-- Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  Mortgage Investors, Inc., Series 1996-C1

-- Merrill Lynch Mortgage Investors, Inc., Series 1996-C2

-- Merrill Lynch Mortgage Investors, Inc., Series 1997-C1

-- Merrill Lynch Mortgage Investors, Inc., Series 1997-C2

-- Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Capital I Inc., Series 1995-GAL-1

-- Morgan Stanley Capital I Inc., Series 1997-WF1

-- Morgan Stanley Capital I Inc., Series 1998-WF2

-- Morgan Stanley Capital I Inc., Series 1999-FN1

-- Mortgage Capital Funding, Inc., Series 1995-MC1

-- Mortgage Capital Funding, Inc., Series 1997-MC1

-- Mortgage Capital Funding, Inc., Series 1997-MC2

-- Mortgage Capital Funding, Inc., Series 1998-MC1

-- Mortgage Capital Funding, Inc., Series 1998-MC2

-- Multi-Family Capital Access One, Inc., Series 1

-- NationsBanc Mortgage Capital Corp., Series 1995-M2

-- NationsLink Funding Corp., Series 1999-SL

-- Nomura Asset Securities Corp., Series 1994-C3

-- Nomura Asset Securities Corp., Series 1998-D6

-- PaineWebber Mortgage Acceptance Corp. V, Series 1999-C1

-- Prudential Securities Secured Financing Corp., Series 1999-NRF1

-- RMF RMF Resource Measurement Facility
RMF Rich Music Format
RMF René Moawad Foundation (Hazmieh, Lebanon)
RMF Rich Map Format (Worldcraft Half-Life mapping tool)
RMF Relativistic Mean Field
 Commercial Mortgage Pass-Through Certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size , Series 1995-1

-- Resolution Trust Corp., Series 1993-C3

-- Resolution Trust Corp., Series 1995-C1

-- Structured Asset Securities Corp., Series 1993-C1

-- Structured Asset Securities Corp., Series 1994-C1

-- Structured Asset Securities Corp., Series 1996-C3
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 18, 1999
Words:429
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