Forty-eight classes from 10 residential mortgage-backed securities deals have been downgraded by DBRS Ltd.The downgrades involve MBS transactions issued by Structured Asset Securities Corp., Credit Suisse First Boston Mortgage Securities Corp. Home Equity Mortgage Trust, Home Equity Mortgage Trust, Merrill Lynch Mortgage Investors Trust, Fremont Home Loan Trust, and CWABS Asset-Backed Certificates Trust. DBRS attributed the downgrades to an increase in the pipeline of delinquencies of more than 90 days relative to available levels of credit enhancement. The rating agency can be found on the Web at http://www.dbrs.com.
DBRS Downgrades 48 MBS Classes
September 24, 2007, 2:00 p.m. EDT 1 Min Read
