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RESOLUTION TRUST 1992-CHF CLASS A PASS-THROUGHS 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESOLUTION TRUST 1992-CHF CLASS A PASS-THROUGHS 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Oct. 30 /PRNewswire/ -- Resolution Trust Corp.'s $1.1 billion commercial mortgage certificates Series 1992-CHF, class A-1, A-2, and A-3 are rated "AAA" by Fitch. The $87.9 million class B certificates are rated "AA+", $102.5 million class C certificates "AA-", $87.9 million class D certificates "A", and $117.2 million class E certificates "BBB". The ratings reflect the mortgage pool's diversity, the high percentage of current loans, the credit enhancement provided to all classes by the 18 percent cash reserve, subordination of Class B (6 percent), C (7 percent), D (6 percent) and E (8 percent) certificates, and use of excess funds to reduce certificate principal. Negative impacts included the geographic concentration of the pool in California's difficult economy and lack of operating history for some loans.
 The ratings also exhibit Fitch's confidence in the integrity of the transaction's legal and financial structures as well as the RTC's indemnity to certificateholders for any losses caused by a breach of the seller's representations and warranties. The ratings consider RTC's obligation to repurchase delinquent loans where hazardous materials were present at closing.
 The 1,763 mortgage loan pool consists of 22.5 percent fixed-rate loans, 22.4 percent adjustable-rate loans (ARMs) with 8.5 percent and higher floor interest rates, and 55.1 percent all other ARMs. The loans were originated or purchased by Home Fed Bank, FSB and secured, in most cases, by first liens on average to above-average quality commercial properties located primarily in California (76.5 percent).
 Multifamily properties represent almost half of the pool; other property types include office, retail, and industrial/warehouse. The weighted average debt service coverage ratio on the 36 percent of loans with recent operating data is 1.40 times.
 The seven certificate classes are collateralized by four loan groups. Class A-1, B, C, D and E are fixed-rate certificates secured by fixed-rate loans and high-floor ARMs (coupons of 8.5 percent and above). Class A-2 and A-3 floating rate certificates are collateralized by ARMs. Fitch's subordination levels allow for basis risk inherent in the transaction.
 The class A-3 certificates will constitute "mortgage related securities" for purposes of the Secondary Mortgage Market Enhancement Act of 1984.
 GE Capital Asset Management Corp. will act as master servicer for the pool. BEI Management, Inc. will act as special servicer. A segregated asset pool within the trust fund will be treated as a real estate mortgage investment conduit for federal income tax purposes.
 -0- 10/30/92
 /CONTACT: Ron Wechsler, 212-908-0532, or Janet Forst, 212-908-0527, both of Fitch/ CO: Resolution Trust Corp. ST: IN: FIN SU: RTG


TS -- NY078 -- 7209 10/30/92 14:45 EST
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Publication:PR Newswire
Date:Oct 30, 1992
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