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DUFF & PHELPS: DLJ MORTGAGE ACCEPTANCE CORP. $60,205,452 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-Q16

 NEW YORK, Oct. 27 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated the publicly offered senior and subordinate mortgage pass- through certificates issued by DLJ Mortgage Acceptance Corp. The ratings on the seven classes of certificates range from 'AAA' to 'BBB', as follow:
 Class Amount Rate D&P Rating
 IS $0 variable AAA (Triple A)
 IIS $0 variable AAA (Triple A)
 IA-1 $37,535,000 adjustable AAA (Triple A)
 IIA-1 $13,938,000 adjustable AAA (Triple A)
 IA-2 $4,245,243 adjustable AA (Double A)
 IIA-2 $1,576,513 adjustable AA (Double A)
 B-1 $2,910,696 adjustable BBB (Triple B)
 The ratings reflect the level of subordination provided to each class by the aggregate amount of the other classes subordinate to it. Classes IS and IIS are interest-only strips that receive cash flow prior to all subordinate classes. Class IA-1 is supported by Class IA-2, Class B-1 and privately placed subordinate classes which total 16 percent of the collateral balance. Class IIA-1 is supported by Class IIA-2, Class B-1 and privately placed subordinate classes which total 16 percent of the collateral balance. Class IA-2 is supported by Class B-1 and the privately placed subordinate classes which total 6.5 percent of the collateral balance. Class IIA-2 is supported by Class B-1 and the privately placed subordinate classes which total 6.5 percent of the collateral balance. Class B-1 is supported by the privately placed subordinate classes which total 1.75 percent of the collateral balance.
 The mortgage pool is divided into two groups, Group I Loans and Group II Loans. Group I Loans consist of $44,684,752.18 of 30-year adjustable rate loans that have a fixed interest rate for the first three years and then adjust, subject to a minimum and maximum rate, to a rate based on the 6-month LIBOR index, and then adjust semi-annually thereafter subject to periodic and lifetime caps. Group II loans consist of $16,593,062.226 of 30-year adjustable rate loans that have a fixed interest rate for the first seven years and then adjust, subject to a minimum and maximum rate, to a rate based on the 6-month LIBOR index, and then adjust semi-annually thereafter subject to periodic and lifetime caps. Distributions on Class IS, IA-1 and IA-2 will be made generally from payments received on the mortgage loans in Group I.
 Distributions on Classes IIS, IIA-1 and IIA-2 will be made generally from payments received on the mortgage loans in Group II. Distributions on Class B-1 will be made from payments received on mortgage loans in both groups. D&P's ratings do not address the effect on the certificates' yield attributable to prepayments or recoveries on the underlying mortgage loans. Further, the ratings on the Class IS and IIS certificates do not address whether investors will recoup their initial investment.
 The certificates represent beneficial ownership interests in a pool of adjustable-rate first-lien residential mortgage loans originated by Quality Mortgage USA, Inc. Quality Mortgage USA, Inc. lends for the purchase or refinancing of properties located throughout California as well as Nevada, Arizona, Washington, Texas, Colorado, Utah, Oregon and Georgia. The majority of the loans originated by Quality are in Southern California. Lomas Mortgage USA will service the mortgage loans. D&P has visited the servicing operations of Lomas Mortgage USA and believes that Lomas has the experience and expertise to service these loans in a manner sufficient to support the certificate ratings.
 Duff & Phelps tracks housing price changes and associated economic factors in the different MSAs (Metropolitan Statistical Areas) in which Quality Mortgage lends. In January, D&P released a study of Los Angeles and surrounding counties' housing price changes. This analysis, combined with D&P's quantitative model incorporating performance experience obtained from Mortgage Information Corporation on several million securitized loans, gives D&P a unique insight into the performance and loss experience on loans in those areas.
 -0- 10/27/93
 /CONTACT: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908-0205, both of Duff & Phelps Credit Rating Co.


CO: DLJ Mortgage Acceptance Corporation ST: IN: FIN SU: RTG

TM -- NY133 -- 7620 10/27/93 20:20 EDT
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