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RESIDENTIAL FUNDING MORTGAGE CERTIFICATES 1993-S30 RATED BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 1 /PRNewswire/ -- Residential Funding Mortgage Securities I, Inc.'s (RFMSI) $300.7 million mortgage pass-through certificates, series 1993-S30 classes A and R, are rated 'AAA' by Fitch. The $8.8 million class M-1 certificates are rated 'AA'; the $4.8 million class M-2 certificates are rated 'A'; and the $3.2 million class M-3 certificates are rated 'BBB'.
 Credit enhancement for the 'AAA' class A and R senior certificates reflects subordination of the 2.75 percent class M-1, 1.5 percent class M-2, 1.0 percent class M-3, and the 1.25 percent class B certificates. Credit enhancement for the 'AA' class M-1 is provided by the 1.5 percent class M-2, 1.0 percent class M-3, and the 1.25 percent class B certificates, while the 1.0 percent class M-3 plus the 1.25 percent class B certificates supply 'A' coverage for class M-2. Lastly, class M- 3 is rated 'BBB' based on the 1.25 percent class B subordination. Fitch believes the above credit enhancement will be adequate to support each class' loss levels including mortgagor defaults as well as limited bankruptcy, fraud and special hazard. In addition, the ratings reflect the quality of the mortgage collateral, strength of the legal and financial structures and Residential Funding Corp.'s (RFC) servicing capabilities as master servicer.
 The collateral consists of recently originated, conventional, fully amortizing, 30-year fixed-rate, mortgage loans secured by first liens on one-to four-family residential properties. The mortgage pool demonstrates a weighted average original loan-to-value ratio (LTV) of 71.3 percent. Loans originated under a limited loan documentation program account for approximately 16 percent of the pool, cash-out refinance loans 14 percent, and jumbo loans 43 percent (balances between $300,001--$600,000). Approximately 61 percent of the mortgaged properties are located in California, of which 25 percent are located in Los Angeles and 15 percent in San Francisco. With the exception of 4.7 percent purchased from GMAC Mortgage Corp. of PA, an RFC affiliate, all of the mortgage loans were purchased by RFC from unaffiliated sellers.
 RFMSI, a special purpose corporation, deposited the loans in the trust, which issued the certificates. Two separate real estate mortgage investment conduit (REMIC) election will be made with respect to the trust fund for federal income tax purposes.
 -0- 9/1/93
 /CONTACT: Justin L. Ventura, 212-908-0675 or Betty Tan, 212-908-0688, both of Fitch/


CO: ST: New York IN: SU: RTG

WB -- NY053 -- 8029 09/01/93 14:43 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
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