Fitch Rates Fannie Mae REMIC Trust 2005-41, Class LL.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 -- Federal National Mortgage Association (Fannie Mae Fannie Mae: see Federal National Mortgage Association. ), Guaranteed REMIC 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 , Fannie Mae REMIC Trust 2005-41 are rated by 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. as follows: --$21,000,000 class LL 'AAA'. The 'AAA' ratings on the class LL certificates reflect the guarantee provided by Fannie Mae that required payments of principal and interest on the certificates are distributed to investors on time. Fannie Mae's guarantee is not backed by the full faith and credit of the U.S. and does not constitute a debt or obligation of the U.S. or any of its agencies or instrumentalities other than Fannie Mae. The mortgage loans underlying the transaction are conventional, fixed-rate, fully amortizing mortgage loans secured by first mortgages or deeds of trust on single-family residential properties. The mortgage loans have original terms to stated maturities ranging from 20 to 30 years. Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies, and 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 this site, at all times. This document will remain on the public site for seven days. |
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