Fitch Rates 1,604.05MM GSR Mortgage Loan Trust 2007-1F.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 rates GSR See Gigabit Switch Router. Mortgage Loan Trust, series 2007-1F, residential mortgage pass-through certificates as follows: --$1,559,876,000 classes 1A-1, 2A-1, through 2A-10, 3A-1 through 3A-16, 4A-1, 4A-2, and A-X A-X Ajax, Ontario (senior certificates), 'AAA'; --$10,462,000 class M-1 'AA+'; --$16,867,000 class B-1 'AA'; --$8,032,000 class B-2 'A'; --$4,016,000 class B-3 'BBB'; --$3,212,000 class B-4 'BB'; --$1,606,000 class B-5 'B.' The 'AAA' rating on the senior certificates reflects the 2.90% subordination provided by the 0.65% class M-1, 1.05% class B-1, 0.50% class B-2, 0.25% class B-3, 0.20% privately offered class B-4, 0.10% privately offered class B-5, and 0.15% privately offered class B-6. Class B-6 is not rated by Fitch. The ratings also reflect the quality of the underlying collateral, the strength of the legal and financial structures, and the master servicing capabilities of Wells Fargo Bank, N.A., which is rated 'RMS1' by Fitch. As of the cut-off date, Feb. 1, 2007, the pool of loans consists of 2,477 fixed-rate mortgage loans, which have 20-year through 30-year amortization terms. The mortgage pool has an average unpaid principal balance of $584,169 and a weighted average FICO score FICO Score A standard credit score which makes up a substantial portion of a credit report that credit bureaus sell to lenders so they can asses an applicant's credit risk and whether to extend them credit. of 744. The weighted average amortized current loan-to-value (CLTV CLTV Combined Loan To Value CLTV Collective CLTV ChicagoLand Television CLTV Customer Life Time Value ) ratio is 67.91%. Rate/Term and cash-out refinances represent 17.14 and 36.79%, respectively, of the mortgage loans. The states that represent the largest geographic concentration of mortgaged properties are California (42.81%), Florida (8.12%), and New York (7.87%). All other states comprise fewer than 5% of properties in the pool. None of the mortgage loans are 'high cost' loans as defined under any local, state, or federal laws. For additional information on Fitch's rating criteria regarding predatory lending legislation, please see the press release issued May 1, 2003 'Fitch Revises Rating Criteria in Wake of Predatory Lending Legislation,' 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. GS Mortgage Securities Corp. purchased the mortgage loans from each seller and deposited the loans in the trust, which issued the certificates, representing undivided and beneficial ownership in the trust. For federal income tax purposes, the securities administrator will cause multiple real estate mortgage investment conduit Real Estate Mortgage Investment Conduit (REMIC) A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. (REMIC) elections to be made for the trust. Wells Fargo Bank, N.A. will act as securities administrator and U.S. Bank, N.A. will serve as the trustee. 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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