Amresco MBS Class Downgraded

Published May 25, 2007, 2:00 p.m. EDT

1 Min Read

Class B-1F of Amresco Residential Securities Corp. mortgage loan pass-through certificates, series 1997-3 group 1, has been downgraded from CCC/DR2 to CC/DR4 by Fitch Ratings.In addition, the Distressed Recovery rating of class B-2F was lowered from DR3 to DR6, and the ratings on 38 classes in seven Amresco transactions were affirmed. The downgrade was due to a deterioration in the relationship of credit enhancement to loss expectations, Fitch said. The pools consist of fixed- and adjustable-rate conventional mortgages.

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