Citi Alt-A Classes Downgraded

Published January 25, 2008, 2:00 p.m. EST

1 Min Read

Nineteen classes of CitiMortgage Alternative Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed four classes of pass-throughs on Rating Watch Negative and affirmed the ratings on seven classes from five CMALT transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and expected losses. The collateral consists of fixed-rate, first-lien alternative-A mortgage loans.

Processing Content

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

MORE FROM NATIONAL MORTGAGE NEWS

Mortgage technology

Figure's consumer marketplace volume more than doubles

The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.

By Spencer Lee
Technology Reporter

11h ago
Secondary markets

Agency MBS issuance slows in June on fewer refis

However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.

By Brad Finkelstein
Originations Editor

11h ago
Secondary markets

Bank uses a twist on credit-linked notes for capital relief

OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.

By Bonnie Sinnock
Capital Markets Editor

July 8
Fiserv

Fiserv's executive turnover continues with president's resignation

President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.

By John Adams
Executive Editor, Payments

July 8
Federal Reserve

Study shows decade-long decline in federal enforcement activity

Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.

By Kyle Campbell
Staff writer

July 8
Law and legal issues

Mortgage vendor sues former exec for poaching lender clients

Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.

By Andrew Martinez
Reporter

July 7

Load More