Twenty-two classes from six issues of Citigroup Mortgage Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings.Fitch also placed two classes on Rating Watch Negative and affirmed the ratings on 52 classes of CMLT securities. The downgrades reflect deterioration in the relationship between credit enhancement and expected losses, the rating agency said. The loans consist generally of fixed- and adjustable-rate alternative-A mortgages. Fitch can be found on the Web at http://www.fitchratings.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry