Fitch Ratings Affirms 2 RMBS Classes from DLJ Series 2000-5.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 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. has affirmed the following 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 Corporation residential mortgage pass-through issue: Series 2000-5 --Class A at 'AAA'; --Class M-1 at 'AA'. The affirmations reflect credit enhancement (CE) consistent with future loss expectations and affect approximately $5.3 million of outstanding certificates. The mortgage loans in the aforementioned transaction include fixed- and adjustable-rate, fully amortizing and balloon, first lien conventional non-conforming residential mortgage loans having an original term of no more than 30 years which are extended to subprime borrowers. As of the May 2007 distribution date, the transaction is 78 months seasoned and has a pool factor (current principal balance as a percentage of original) of approximately 4%. This transaction benefits from mortgage insurance policy, issued by GEMICO, with respect to those mortgage loans with original loan-to-value (OLTV OLTV Original Loan-to-Value ratio OLTV on Line Television ) ratios in excess of 60% at origination. At origination, approximately 96.5% of the loans have an OLTV greater than 60%. The servicer is Wells Fargo Home Mortgage, Inc. (rated 'RPS1' by Fitch). Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com. 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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