Fitch IBCA Inc. has downgraded Residential Funding Mortgage Securities Inc.'s Series 1993-S30, Class B2 mortgage pass-through certificates from B to D and placed the series's Class B1 certificates on RatingAlert negative.The rating agency cited losses and high delinquencies in relation to available credit support as the reasons for the actions, noting that 1.4% of the pool was over 90 days past due and losses totaled $1.4 million (0.43% of the initial pool) as of the June 25 distribution. Fitch IBCA's website address is http://www.fitchibca.com.
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