CSFB HEAT Classes Downgraded

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

1 Min Read

Twenty-nine classes from 10 Credit Suisse First Boston Home Equity Asset Trust transactions have been downgraded by Fitch Ratings.In addition, the ratings on 97 classes from 18 CSFB HEAT transactions have been affirmed. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations. The rating agency said the collateral backing the transactions consists of first- and second-lien fixed- and adjustable-rate subprime mortgage loans. The rating agency can be found online at http://www.fitchratings.com.

Processing Content

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

MORE FROM NATIONAL MORTGAGE NEWS

Career moves

NEXA appoints new CEO, Mike Kortas to be executive partner

Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.

By Colin McNamara
Reporter

6h ago
The best default strategy starts before default

Servicers have spent much of the past decade operating in a relatively benign default environment. But there are growing signs that may be changing.

Partner Insights from LoanCare
The Great American Mortgage Corporation

Trump posts new support for GSEs, lower mortgage rates

Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.

By Bonnie Sinnock
Capital Markets Editor

8h ago
Servicing

MSR retention hits 57% share: benchmark your sell strategy

Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus

By Brad Finkelstein
Originations Editor

9h ago
CAREER & COMPENSATION

Better exec tapped to lead PLACE, Envoy Mortgage operations

Chad Smith departs the lender in a transition phase, after helping Better to generate 2.5 times growth in total revenue and funded loan volume since 2024.

By Andrew Martinez
Reporter

11h ago
Mortgage fraud

Pulte, FHFA fraud crackdown heightens counterparty vetting risks

The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.

By Andrew Martinez
Reporter

September 8

Load More