CDC, IXIS MBS Classes Downgraded

Published September 07, 2007, 2:00 p.m. EDT

1 Min Read

Twenty-seven classes from six issues of CDC Mortgage Capital Trust and IXIS Real Estate Capital Trust subprime mortgage pass-through certificates have been downgraded by Fitch Ratings.Fitch also affirmed the ratings on 12 CDC and IXIS classes in the transactions. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations. The collateral consists of 30-year fixed- and adjustable-rate subprime residential mortgage loans.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Law and legal issues

Lender hit with suit over Do-Not-Call violations

The plaintiff accuses Catalyst Mortgage of violating the federal Telephone Consumer Protection Act through unsolicited telemarketing texts.

By Nazeefa Ahmed

4h ago
Data Centers

How states are responding to data center risk on housing

Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.

By Spencer Lee
Technology Reporter

4h ago
Law and legal issues

First American sued by homeowners over its property database

Residents who filed a class action lawsuit say the title insurer is unfairly profiting from their home data on its DataTree platform, without their consent.

By Andrew Martinez
Reporter

4h ago
Housing

Housing bill quietly limps its way into law

The bipartisan housing package, dismissed by President Trump as a "yawn," takes effect automatically after he declined to sign it in protest over stalled voter ID legislation.

By Claire Williams
Reporter

July 11
Economy

Rate-hike odds rise, a warning sign for lenders

Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.

By Brad Finkelstein
Originations Editor

July 10
REALTORS & HOMEBUILDERS

Remodel financing gap signals opportunity for lenders

The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.

By Colin McNamara
Reporter

July 10

Load More