Class B3 of series 2001-2 of Structured Asset Securities Corp. residential mortgage-backed certificates has been downgraded from B to C by Fitch Ratings.In addition, the ratings on seven classes from two SASCO deals were affirmed. "The downgrade is the result of Fitch's observation of continuing high monthly pool losses and delinquency levels," the rating agency said. July 25 remittance information indicates that 13.53% of the pool was over 90 days delinquent and cumulative losses totaled 0.99% of the original pool balance, according to Fitch. The collateral consists of conventional, fixed-rate, fully amortizing residential mortgage loans extended to prime and alternative-A borrowers.
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