Two classes from DLJ Mortgage Acceptance Corp. mortgage pass-through certificate series 1994-3 have been downgraded by Fitch Ratings.The downgrades were as follows: class B2, from A to BBB-plus; and class B-3, from BB to B. In addition, three classes in another DLJ deal were upgraded and the ratings on 12 classes in four DLJ deals were affirmed. The rating agency attributed the downgrades to higher-than-expected levels of serious delinquencies (90 days or more).

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