Fitch Rates CWALT $259.1MM Resecuritization P-T Ctfs, Series 2005-12R.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 fitch: see polecat. rates CWALT, Inc.'s (CWALT) resecuritization 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 , alternative loan trust 2005-12R as follows: -- $259.1 million classes A-1 through A-6 and A-R certificates (senior certificates) 'AAA'. This deal is a resecuritization of the CWALT 2004-26T1, class A-1 certificate which closed on Oct. 28, 2004. The underlying certificate is rated 'AAA' by Fitch. As a resecuritization, this deal will receive 90.86% of its cash-flow from the underlying class A-1 certificate, which in turn receive cash flow from the underlying mortgage loans in the CWALT 2004-26T1 trust. The underlying collateral collateral (kəlăt`ərəl), something of value given or pledged as security for payment of a loan. Collateral consists usually of financial instruments, such as stocks, bonds, and negotiable paper, rather than physical goods, although consists of 30-year fixed-rate mortgages. |
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