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RESOLUTION TRUST SERIES 1991-14 PASS-THROUGHS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESOLUTION TRUST SERIES 1991-14 PASS-THROUGHS RATED 'AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 26 /PRNewswire/ -- Resolution Trust Corp.'s (RTC) $546.7 million Class A Mortgage Pass-Through Certificates Series 1991-14 are rated 'AA' by Fitch. The rating reflects the more than adequate reserve fund for both credit and non-credit losses equal to 19.25 percent of the initial pool balance.
 The ratings also reflect Fitch's confidence in the integrity of the legal and financial structures as well as the Resolution Trust Corp.'s indemnity to certificateholders for any realized losses caused by either a breach of the seller's representations and warranties or defective mortgage loan documentation.
 The three groups of mortgage loans are each evidenced by a corresponding class of Class A certificates. The respective groups of mortgage loans are predominantly indexed to the one-year Constant Maturity Treasury Index, the three-year Constant Maturity Treasury Index, and the six-month Discount Treasury Index. All of the mortgage loans typically have 30-year original terms, are adjustable rate, and are secured primarily by one-to-four-family residences and individual condominium units located in Tennessee, California, North Carolina, and Georgia. The mortgage loans are generally seasoned approximately five years and have an original weighted average loan-to-value ratio (LTV) of approximately 78.7 percent. Approximately 24 percent of the pool have LTVs between 90 percent and 125 percent. Negative amortization may occur on approximately 3.3 percent, 2.8 percent, and 91.1 percent of the respective mortgage groups collateralizing the Class A certificates. This would result in an increase in the outstanding principal balance of the Class A certificates. While LTVs and negative amortization increased credit enhancement levels, this was somewhat offset by favorable seasoning of the loans.
 The collateral has been sold and assigned to the trust, which issued the certificates pursuant to the Pooling and Servicing Agreement dated Nov. 1, 1991. The loans were originated by 19 originating institutions for which RTC, acting in its capacity as conservator or receiver, has entered into agreements to sell the mortgage loans. Consequently, there is limited information as to the underwriting standards adopted by these institutions at origination. Less emphasis, however, was placed on the origination policies as opposed to the characteristics of the pool, such as high LTVs and seasoning.
 GMAC Mortgage Corp. of Iowa, an indirect, wholly owned subsidiary of General Motors Acceptance Corp., will act as master servicer. A real estate mortgage investment conduit election will be made for federal income tax purposes.
 -0- 11/26/91
 /CONTACT: Louis Colosimo, 212-908-0567, or Alexander K. Zabik, 212-908-0500, both of Fitch/ CO: Resolution Trust Corp. ST: IN: FIN SU: RTG


KD -- NY097 -- 7548 11/26/91 17:53 EST
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Date:Nov 26, 1991
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