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RTC MORTGAGE PASS THROUGH SERIES 1992-6 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --

 RTC MORTGAGE PASS THROUGH SERIES 1992-6 'AAA/AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, April 29 /PRNewswire/ -- Resolution Trust Corp.'s (RTC) Mortgage Pass-Through Certificates, Series 1992-6, $1.198 billion class A are rated 'AAA' by Fitch. Its 103.8 million class B certificates are rated 'AA'. The 'AA' rating primarily reflects the credit enhancement provided by three reserve funds initially equaling 14.25 percent, 16.50 percent and 15.00 percent, respectively. The 'AAA' rating reflects the reserve funds as well as the additional credit enhancement provided to class A by the subordination of the related class B certificates. Each rating also reflects Fitch's confidence in the integrity of the legal and financial structures and the strong servicing capabilities of Standard Federal Savings Bank.
 Mortgage pool one (classes A-1A, A-1B, A-1C, A-2A, A-2B, B-1 and B- 2) consists of fixed rate conventional one- to four-family residential mortgage loans secured by properties located primarily in Texas, Florida, and Ohio. The weighted average loan-to-value ratio (LTV) is approximately 85 percent. As of the cut-off date, the 30-to 59-day delinquencies were approximately 10 percent and the 60- to 89-day delinquencies approximately 3 percent. The mortgage loans are seasoned, on average, over seven years.
 The second mortgage pool (A-3, A-4, B-3 and B-4) contains adjustable rate (indexed to U.S. Treasury securities), conventional one- to four- family residential mortgage loans secured by properties located mostly in Florida, Virginia, and Maryland. The weighted average LTV is approximately 82 percent. The loans are, on average, five years seasoned and, as of the cut-off date, approximately 8 percent of the pool was between 30 and 59 days delinquent while 3 percent of the pool was between 60 and 89 days delinquent.
 Mortgage pool three, (A-5 through A-9, and B-5 through B-9), is comprised of adjustable rate, (indexed to COFI, FHLBB Contract rate, and a variety of other indices), conventional one- to four-family residential mortgage loans located predominantly in California, Florida, and Texas. This pool has a weighted average LTV of approximately 78 percent. The mortgage loans are seasoned over five years with one- to two-month delinquencies nearing 9 percent and two to three-month delinquencies over 3 percent.
 The mortgage loans were acquired by the RTC in its capacity as conservator or receiver for over 300 state or federally chartered depository institutions. The collateral has been sold and assigned to the trust which issued the certificates. Standard Federal Savings Bank, located in Frederick, Md., will assume all servicing responsibilities for the mortgage loans by July 31, 1992. A real estate mortgage investment conduit election will be made for federal income tax purposes.
 -0- 4/29/92
 /CONTACT: Mary Sue Lundy, 212-908-0526, or Jill M. Guido, 212-908-0500, both of Fitch/ CO: Resolution Trust Corp. ST: New York IN: SU: RTG


SH -- NY074 -- 4522 04/29/92 15:39 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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