Fitch Rates Morgan Stanley ABS Capital I Inc. $1.412B 2004-HE4 Certificates.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 -- Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. ABS Capital I Inc. Trust, series
2004-HE4, are rated by Fitch as follows:
-- $1.167 billion class A-1, A-2, A-3, and A-4 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 'AAA'; -- $90.045 million class M-1 mortgage pass-through certificates 'AA'; -- $75.637 million class M-2 mortgage pass-through certificates 'A'; -- $25.213 million class M-3 mortgage pass-through certificates are rated 'A-'; -- $18.009 million class B-1 mortgage pass-through certificates are rated 'BBB+'; -- $18.009 million class B-2 mortgage pass-through certificates are rated 'BBB'; -- $18.009 million class B-3 mortgage pass-through certificates are rated 'BBB-'. 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 for the 'AAA' class A certificates reflects the 17.00% subordination provided by classes M-1 through M-3 and B-1 through B-3, with monthly excess interest and initial overcollateralization (OC) of 2.00%. Credit enhancement for the 'AA' class M-1 certificates reflects the 10.75% subordination provided by class M-2, M-3, B-1, B-2, and B-3, with monthly excess interest and initial OC. Credit enhancement for the 'A' class M-2 certificates reflects the 5.50% subordination provided by class M-3, B-1, B-2, and B-3, with monthly excess interest and initial OC. Credit enhancement for the 'A-' class M-3 certificates reflects the 3.75% subordination provided by class B-1, B-2, and B-3, with monthly excess interest and initial OC. Credit enhancement for the 'BBB+' class B-1 certificates reflects the 2.50% subordination provided by class B-2 and B-3, with monthly excess interest and initial OC. Credit enhancement for the 'BBB' class B-2 certificates reflects the 1.25% subordination provided by class B-3, with monthly excess interest and initial OC. Credit enhancement for the 'BBB-' rating on the class B-3 is supported by monthly excess interest and initial OC of 2.00%. In addition, the ratings reflect the integrity of the transaction's legal structure, as well as the capabilities of Chase Manhattan Mortgage Corporation and HomEq Servicing Corporation as servicers. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank National Trust Company will act as trustee. The mortgage pool consists of closed-end, first, and second lien A Second lien financing is a form of financing secured on a second ranking basis by (more or less) the same security, which secures the first ranking financing. The first lien lenders and the second lien lenders agree that, in the event of a security enforcement or bankruptcy, the fixed-rate and adjustable-rate subprime mortgage loans, with an aggregate cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, date principal balance of $1,440,715,630. Approximately 71.56% of the mortgage loans are adjustable-rate and 28.44% are fixed-rate loans. As of the cut-off date (June 1, 2004), the weighted average loan rate is approximately 7.060%. The weighted average remaining term to maturity is 351 months. The average cut-off date principal balance of the mortgage loans is approximately $162,499. The weighted average original combined loan-to-value ratio Loan-to-value ratio (LTV) The ratio of money borrowed on a property to the property's fair market value. is 80.24%. The properties are primarily located in California (33.51%), Florida (11.87 %), and New York (7.73%). Substantially all of the mortgage loans were purchased by an affiliate of the depositor from NC Capital Corporation (which in turn acquired them from New Century Mortgage Corporation), Aames Capital Corporation, and Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Home Lenders, Inc. Approximately 36.30%, 9.14%, and 54.56% of the mortgage loans were originated by New Century Mortgage Corporation, Aames Capital Corporation, and Accredited Home Lenders, Inc., respectively. |
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