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RESOLUTION TRUST SERIES 1991-16 RATED 'AA'/'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESOLUTION TRUST SERIES 1991-16 RATED 'AA'/'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 27 /PRNewswire/ -- The Resolution Trust Corp.'s $562 million mortgage pass-through certificates, Series 1991-16 Class A-1 are rated 'AAA' by Fitch, and Class B-1 and Class A-2 through A-5 are rated 'AA' by Fitch.
 The 'AA' rating reflects the more than adequate loss protection provided by a 17 percent reserve fund, while the 'AAA' rating reflects the reserve fund as well as additional credit enhancement provided to the Class A-1 certificates by the Class B-1 certificates. The ratings also reflect Fitch's confidence in the integrity of the legal and financial structures, and 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.
 Five separate pools of adjustable rate mortgage loans, divided by frequency of reset, collateralize the Class A certificates. Class A-1 and Class B-1 are supported by annual adjustable rate mortgage loans, while Class A-2 through A-5 are supported by semi-annual, three-year, five-year, and 10-year adjustable rate mortgage loans, respectively. The mortgage loans are generally indexed to the respective constant maturity Treasury index. All certificates, with the exception of Class A-5, are entitled to interest at the weighted average net rate on the underlying mortgage loans, less an excess interest strip which is utilized to pay down the principal balance of the related senior certificates. Class A-5 is entitled to the total weighted average net rate on the 10-year adjustable rate mortgage loans.
 All the mortgage loans generally have 30-year original terms, are adjustable rate, and are secured by one- to four-family residences, individual condominium units, or planned unit development properties located primarily in California (38 percent) and Texas (12 percent). The overall weighted average loan-to-value ratio (LTV) is 76.35 percent with 26 percent of the pool consisting of mortgage loans with LTV's greater than 80 percent. Approximately 2.5 percent of the pool was between 60 and 89 days delinquent as of Sept. 1, 1991. While high LTV's and delinquencies increased the size of the reserve fund this was somewhat offset by favorable seasoning on the mortgage loans, totalling four years on average.
 The collateral has been sold and assigned to the trust which issued the certificates pursuant to the pooling and servicing agreement dated Dec. 1, 1991. GMAC Mortgage Corp. of Iowa will act as the primary servicer for the pool and is expected to assume all servicing responsibilities as of early April 1992. A real estate mortgage investment conduit election will be made for federal income tax purposes.
 -0- 12/27/91
 /CONTACT: Mary Sue Lundy, 212-908-0526, or Louis Colosimo, 212-908-0567, both of Fitch/ CO: Resolution Trust Corp. ST: District of Columbia IN: FIN SU: RTG


JT -- NY015 -- 5497 12/27/91 14:07 EST
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Date:Dec 27, 1991
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